Document:

Appendix (D) to Private Placement Memorandum dated October 25, 2010

 EXHIBIT 10.8.2 
 WARRANT TO PURCHASE COMMON STOCK 
 OF 

DIAMONDHEAD CASINO CORPORATION 
 THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY AND MAY NOT BE TRANSFERRED UNTIL (i) A REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) SHALL HAVE BECOME EFFECTIVE WITH RESPECT THERETO OR (ii) RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY TO THE EFFECT THAT REGISTRATION
UNDER THE ACT IS NOT REQUIRED IN CONNECTION WITH SUCH PROPOSED TRANSFER NOR IS SUCH TRANSFER IN VIOLATION OF ANY APPLICABLE STATE SECURITIES LAWS. THIS LEGEND SHALL BE ENDORSED UPON ANY WARRANT ISSUED IN EXCHANGE FOR THIS WARRANT OR ANY SHARES OF
COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT. 
 DATE:
                    , 2010 
 This is to certify that FOR VALUE RECEIVED,
                            , (“Holder”), is entitled to purchase from Diamondhead Casino
Corporation, a Delaware corporation (the “Company”), subject to the provisions of this Warrant, up to 50,000 shares of fully paid, validly issued and nonassessable shares of Common Stock of the Company (“Common Stock”), par value
$.001 per share, at a price per share equal to $1.00 (the “Exercise Price”), which exercise may take place at any time or from time to time on or before 5:00 p.m., eastern standard time, on the date that is five (5) years from the
date hereof or, if such date falls on a Saturday, Sunday, or bank holiday, the next date that is not a Saturday, Sunday, or bank holiday (the “Expiration Date”). 
 This Warrant comprises a portion of a Unit being sold by the Company pursuant to the Private Placement Memorandum dated October 25, 2010 (the “Memorandum”). Unless otherwise defined herein,
terms defined in this Warrant shall have the meaning as set forth in the Memorandum. The Exercise Price is $1.00 per share. The number of shares of Common Stock to be received upon the exercise of this Warrant may be adjusted from time to time as
hereinafter set forth. The shares of Common Stock deliverable upon such exercise, and as adjusted from time to time, are hereinafter sometimes referred to as “Warrant Shares.” 

  
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	A.	 EXERCISE OF WARRANT. 

 (1) This Warrant may be exercised in whole or in part at any time or from time to time during the Exercise Period; provided, however, that if such day is a day on which banking institutions in the State
of Delaware are authorized by law to close, then on the next succeeding day which shall not be such a day. This Warrant may be exercised by presentation and surrender hereof to the Company at its principal office with the Purchase Form annexed
hereto duly executed and accompanied by payment of the Exercise Price for the number of Warrant Shares specified in such form. As soon as practicable after each such exercise of the warrant and contingent on receipt of good and available funds, the
Company shall issue and deliver to the Holder a certificate for the Warrant Shares issuable upon such exercise, registered in the name of the Holder. If this Warrant should be exercised in part only, the Company shall, upon surrender of this Warrant
for cancellation, execute and deliver a new Warrant evidencing the rights of the Holder to purchase the balance of the Warrant Shares. Upon issuance of the Warrant Shares, the Holder shall be deemed to be the holder of record of the shares of Common
Stock, notwithstanding that certificates representing such shares of Common Stock shall not then have been physically delivered to the Holder. 
  

	B.	 REDEMPTION OF WARRANT. 

 (1) This Warrant may be redeemed, at the option of the Company, at any time prior to the Expiration Date, upon the notice referred to in Section (B)(2), at the price of $.001 per Warrant Share
(“Redemption Price”), provided that the last sales price of the Common Stock has been at least $ 2.50 per share, on each of ten (10) consecutive trading days ending on the third business day prior to the date on which notice of
redemption is given (“Measurement Period”). Notwithstanding the foregoing, the Company may not exercise its redemption rights unless during the Measurement Period and from the end of the Measurement Period through the redemption date, the
Company has an effective registration statement with a current prospectus on file with the SEC pursuant to which the Warrant Shares may be sold. 
 (2) In the event the Company shall elect to redeem the Warrant, the Company shall fix a date for the redemption. Notice of redemption shall be given by the Company to the Holder of the Warrant not less
than 30 calendar days prior to the date fixed for redemption (“the Redemption Date”). The address for such communication shall be the address set forth in the Subscription Agreement or such other address as the Holder shall have specified
most recently by written notice. 

  
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 (3) The Warrant may be exercised in accordance with Section (A) at any time after
notice of redemption shall have been given by the Company pursuant to Section (B)(2) hereof and prior to the time and date fixed for redemption. On and after the redemption date, the Holder shall have no further rights except to receive, upon
surrender of the Warrant, the Redemption Price. 
  

	C.	 FRACTIONAL SHARES. 

 No fractional shares or script representing fractional shares shall be issued upon the exercise of this Warrant. The number of Warrant Shares due the Holder will be rounded up or down to the nearest
share. 
  

	D.	 EXCHANGE OR LOSS OF WARRANT. 

 This Warrant is exchangeable, without expense, at the option of the Holder, upon presentation and surrender hereof to the Company for other warrants of different denominations entitling the Holder thereof
to purchase in the aggregate the same number of shares of Common Stock purchasable hereunder. Upon surrender of this Warrant to the Company at its principal place of business, duly executed, the Company shall, without charge, execute and deliver a
new Warrant in the name of the Holder named in such instrument and this Warrant shall be cancelled. This Warrant may be divided or combined with other warrants which carry the same rights upon presentation hereof at the principal office of the
Company, together with a written notice signed by the Holder hereof specifying the denominations in which new Warrants are to be issued. The term “Warrant” as used herein includes any Warrants into which this Warrant may be divided or
exchanged. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and in the case of loss, theft or destruction, of reasonably satisfactory indemnification, or upon surrender and
cancellation of this Warrant, if mutilated, the Company will execute and deliver a new Warrant of like tenor and date. 

  
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	E.	 RIGHTS OF THE HOLDER. 

 The Holder of this Warrant is not entitled to any rights of a shareholder in the Company, either at law or equity, and the rights of the Holder are limited to those expressed in the Warrant and are not
enforceable against the Company except to the extent set forth herein. 
  

	F.	 RESTRICTED STOCK 

 THIS SECURITY AND THE SECURITIES ISSUABLE UPON CONVERSION OR EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS SECURITY AND THE SECURITIES ISSUABLE UPON
CONVERSION OR EXERCISE HEREOF MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT WITH RESPECT HERETO OR THERETO UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO
DIAMONDHEAD CASINO CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED. 
  

	G.	 OFFICER’S CERTIFICATE. 

 Whenever the number of Warrant Shares shall be adjusted as may be required by the foregoing provisions, the Company shall file at its principal place of business, a certificate, signed by the President of
the Company, setting forth in reasonable detail, the facts requiring an adjustment, the amount of the adjustment made, and the manner of computing the adjustment. Each such certificate shall be made available to a Holder of a Warrant upon request,
during normal business hours. 
  

	I.	 NONCIRCUMVENTION; RESERVATION OF SHARES. 

 The Company hereby covenants and agrees that the Company will not, by amendment of its Articles of Incorporation, Bylaws or through any reorganization, transfer of assets, consolidation, merger, scheme of
arrangement, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, and will at all times in good faith carry out all the provisions of this
Warrant and take all action as may be required to protect the rights of the Holder. Without limiting the generality of the foregoing, the Company (i) shall not increase the par value of any Common Stock receivable upon the exercise of this
Warrant above the Exercise Price then in effect, (ii) shall take all such actions as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Common Stock upon the exercise of this
Warrant, and (iii) shall, so long as any of this Warrant is outstanding, take all action necessary to reserve and keep available out of its authorized and unissued Common Stock, solely for the purpose of effecting the exercise of this Warrant,
the maximum number of Common Stock as shall from time to time be necessary to effect the exercise of this Warrant then outstanding. 

  
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	DIAMONDHEAD CASINO CORPORATION
	
	  
	By: Deborah A. Vitale
	Title: President

  
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 PURCHASE FORM 

The undersigned hereby irrevocably elects to exercise the within Warrant by purchasing
                     Shares of Common Stock of Diamondhead Casino Corporation at One Dollar ($1.00) per share and hereby makes payment in the
amount of $             in payment therefore. 
  

	
	
	 
	Signature (Individual)
	
	 
	Name Printed or Typed
	
	 
	Signature (Joint)(All Holders must sign)
	
	 
	Name Printed or Typed
	
	Address to which correspondence should be sent:
	
	 
	Street
                                         
Unit/Apt Number
	
	City                      State
         Zip Code                 

  
 6Amendment No. 1 to Credit Agreement

 Exhibit 10.1 
 AMENDMENT NO. 1 TO CREDIT AGREEMENT 
 AMENDMENT NO. 1 TO CREDIT
AGREEMENT dated as of March 17, 2011 (this “Amendment”), among THE BABCOCK & WILCOX COMPANY, a Delaware corporation (the “Borrower”), BANK OF AMERICA, N.A., in its capacity as administrative agent
under the Credit Agreement referred to below (the “Administrative Agent”), and the Lenders executing this Amendment on the signature pages hereto. 
 The Borrower, the Administrative Agent and the Lenders are parties to a Credit Agreement dated as of May 3, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), providing, subject to the terms and conditions thereof, for extensions of credit to be made by the Lenders to the Borrower. The Borrower, the Administrative Agent and the Lenders party hereto wish to amend the
Credit Agreement in certain respects, and accordingly, the parties hereto hereby agree as follows: 
 Section 1.
Definitions. Except as otherwise defined in this Amendment, terms defined in the Credit Agreement are used herein as defined therein. 
 Section 2. Amendments. Subject to the satisfaction of the conditions precedent specified in Section 5 of this Amendment, but effective as of the date hereof, the Credit Agreement shall be
amended as follows: 
 2.01. Definitions. 
 (a) Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions in the appropriate alphabetical location: 

““Amendment No. 1” means that certain Amendment No. 1 to Credit Agreement dated as of
March 17, 2011, among the Borrower, the Administrative Agent and the Lenders party thereto.” 

““Consortium” means any joint venture, consortium or other similar arrangement that is not a
separate legal entity entered into by the Borrower or any of its Subsidiaries and one or more third parties, provided that no Loan Party shall, whether pursuant to the Constituent Documents of such joint venture or otherwise, be under any
Contractual Obligation to make Investments or incur Guaranty Obligations after the Closing Date, or, if later, at the time of, or at any time after, the initial formation of such joint venture, consortium or similar arrangement that would be in
violation of any provision of this Agreement.” 
 ““mPower” means Generation mPower
LLC, a Delaware limited liability company that is a Subsidiary of the Borrower, and any other Subsidiary or Joint Venture of the Borrower formed to develop, market or deploy facilities using the mPowerTM small modular reactor technology.”

 ““Rabbi Trust” means a “rabbi trust” or
other similar arrangement established by the Borrower or any of its Subsidiaries to hold assets in connection with an employee benefit plan or arrangement.” 
 (b) Section 1.01 of the Credit Agreement is hereby amended by restating the following definitions to read in their entirety as follows: 

““Investment” means, as to any Person, (a) any purchase or similar acquisition by such Person
of (i) any Security issued by, (ii) a beneficial interest in any Security issued by, or (iii) any other equity ownership interest in, any other Person, (b) any purchase by such Person of all or substantially all of the assets of
a business conducted by any other Person, or all or substantially all of the assets constituting what is known to the Borrower to be the business of a division, branch or other unit operation of any other Person, (c) any loan, advance (other
than deposits with financial institutions available for withdrawal on demand, prepaid expenses, accounts receivable and similar items made or incurred in the ordinary course of business) or capital contribution by such Person to any other Person,
including all Indebtedness of any other Person to such Person arising from a sale of property by such Person other than in the ordinary course of its business and (d) any Guaranty Obligation incurred by such Person in respect of Indebtedness of
any other Person. For the avoidance of doubt, the term “Investment” shall not include reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees.” 

““Joint Venture” means any Person (a) in which the Borrower, directly or indirectly, owns any
Stock and Stock Equivalents of such Person and (b) that is not a Subsidiary of the Borrower, provided that (i) the Administrative Agent, on behalf of the Secured Parties, has a valid, perfected, first priority security interest in
the Stock and Stock Equivalents in such joint venture owned directly by any Loan Party (other than a BWXT Entity) except where (x) the Constituent Documents of such joint venture prohibit such a security interest to be granted to the
Administrative Agent or (y) such joint venture has incurred Non-Recourse Indebtedness the terms of which either (A) require security interests in such Stock and Stock Equivalents to be granted to secure such Non-Recourse Indebtedness or
(B) prohibit such a security interest to be granted to the Administrative Agent, and (ii) no Loan Party shall, whether pursuant to the Constituent Documents of such joint venture or otherwise, be under any Contractual Obligation to make
Investments or incur Guaranty Obligations after the Closing Date, or, if later, at the time of, or at any time after, the initial formation of such joint venture, that would be in violation of any provision of this Agreement.” 

““Performance Guarantee” of any Person means (a) any letter of credit, bankers acceptance,
surety bond, performance bond, bank guarantee or other similar obligation issued for the account of such Person to support only trade payables or nonfinancial performance obligations of such Person, (b) any letter of credit, bankers acceptance,
surety bond, performance bond, bank guarantee or other similar obligation issued for the account of such Person to support any letter of credit, bankers acceptance, surety bond, performance bond, bank guarantee or other similar obligation issued for
the 

  
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account of a Subsidiary, a Joint Venture or a Consortium of such Person to support only trade payables or non-financial performance obligations of such Subsidiary, Joint Venture or Consortium,
and (c) any parent company guarantee or other direct or indirect liability, contingent or otherwise, of such Person with respect to trade payables or non-financial performance obligations of a Subsidiary, a Joint Venture or a Consortium of such
Person, if the purpose of such Person in incurring such liability is to provide assurance to the obligee that such contractual obligation will be performed, or that any agreement relating thereto will be complied with.” 

““Permitted L/C Party” means (a) the Borrower, (b) any Subsidiary of the Borrower,
(c) any Joint Venture and (d) any Consortium.” 
 2.02. Letters of Credit. Section 2.03 of the
Credit Agreement is hereby amended: 
 (a) to replace clause (i)(v) of Section 2.03(a) in its
entirety to read as follows: 
 “(v) the aggregate amount of L/C Obligations with respect to Letters of
Credit issued for the account of one or more Affiliates of the Borrower that will not be Joint Ventures, Consortiums or Subsidiaries of the Borrower after the Spinoff does not exceed $22,000,000 at any time outstanding,” 

(b) to replace the second proviso of Section 2.03(a) in its entirety to read as follows: 

“provided further that after the date that is three months after the Closing Date, no Letters of Credit
shall be issued for the account of any Affiliate of the Borrower that is not at such time a Joint Venture, a Consortium or a Subsidiary of the Borrower.” 
 (c) to replace the heading in Section 2.03(k) in its entirety to read as follows: 
 “Letters of Credit Issued for Subsidiaries, Affiliates, Joint Ventures and Consortiums.” 
 2.03. Insurance. Section 6.07 of the Credit Agreement is hereby amended to read in its entirety as follows: 

“6.07 Insurance. As soon as is practicable and in any event within 90 days after the end of each Fiscal Year,
the Borrower shall furnish the Administrative Agent with a report on the standard “Acord” form outlining all material insurance coverage maintained as of the date of such report by the Borrower and its Subsidiaries and the duration of such
coverage.” 
 2.04. Indebtedness. Section 7.01 of the Credit Agreement is hereby amended (a) to
remove the word “and” at the end of clause (k) thereof, (b) to renumber clause (l) thereof as clause (n) and (c) to insert new clauses (l) and (m) to read in their entirety as follows: 

  
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 “(l) Indebtedness in respect of matured or drawn Performance Guarantees
in the nature of letters of credit, bankers acceptances, bank guarantees or other similar obligations, but only so long as such Indebtedness is reimbursed or extinguished within 5 Business Days of being matured or drawn;” 

“(m) Indebtedness in respect of matured or drawn Performance Guarantees in the nature of surety bonds, performance
bonds and other similar obligations, in each case that would appear as indebtedness on a consolidated balance sheet of the Borrower prepared in accordance with GAAP, in an aggregate amount not to exceed $200,000,000 at any time outstanding;
and” 
 2.05. Investments. Section 7.03 of the Credit Agreement is hereby amended (a) to remove the
word “and” at the end of clause (i) thereof, (b) to renumber clause (j) thereof as clause (l) and (c) to insert new clauses (j) and (k) to read in their entirety as follows: 

“(j) Investments in mPower in an aggregate amount not to exceed $250,000,000 at any time outstanding;”

 “(k) (i) Investments in Rabbi Trusts existing on the effective date of Amendment No. 1 in an
aggregate amount not to exceed $10,000,000 (plus income and capital growth with respect thereto) and (ii) additional Investments in Rabbi Trusts in an aggregate amount not to exceed $5,000,000 (plus income and capital growth with respect
thereto); and”. 
 2.06. Asset Sales. 
 (a) Section 7.04(d) of the Credit Agreement is hereby to read in its entirety as follows: 
 “(d) as long as no Default exists or would result therefrom, the sale or disposition of assets (including the issuance or sale of Stock or Stock Equivalents) of any Subsidiary that is not a
Wholly-Owned Subsidiary that, both at the time of such sale and as of the Closing Date (or if later, the time of formation or acquisition of such Subsidiary), do not constitute, in the aggregate, all or substantially all of the assets (or the Stock
or Stock Equivalents) of such Subsidiary.” 
 (b) Section 7.04(k) of the Credit Agreement is hereby to read in
its entirety as follows: 
 “(k) Asset Sales permitted by Section 7.13, Investments permitted by
Section 7.03 and Restricted Payments permitted by Section 7.05.” 
 2.07. Fundamental
Changes. Section 7.06(d) of the Credit Agreement is hereby amended to read in its entirety as follows: 

  
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 “(d) enter into any Joint Venture that is not engaged in an Eligible
Line of Business or”. 
 2.08. Post-Termination Benefits. Section 7.17 of the Credit Agreement is hereby
amended by inserting the words “in connection with a Permitted Acquisition or” immediately after the word “Except” in the first line thereof. 
 2.09. Ownership of Subsidiaries. Schedule 5.03 of the Credit Agreement is hereby amended to read in its entirety as set forth on Annex A attached hereto. 

Section 3. Consent Regarding Intercompany Transfer of Thermax JV Stock. The Borrower, directly or indirectly through one or
more of its Subsidiaries, has made Investments in a joint venture between Thermax Limited, an entity organized under the laws of India, and BWPGG or any of its Subsidiaries, for the design manufacture and supply of equipment, including supercritical
boilers, to the Indian energy and power sector (such joint venture, the “Thermax JV”, the Stock in the Thermax JV owned directly or indirectly by the Borrower, the “Thermax JV Stock”, and such Investments in the
Thermax JV, the “Thermax JV Investments”). The Thermax JV Investments are permitted by Section 7.03(i) of the Credit Agreement. The Thermax JV Stock is currently owned by a Guarantor, and the Borrower intends to transfer the
Thermax JV Stock to a Subsidiary of the Borrower that is not a Guarantor, which transfer may involve several intermediate transfers to other Subsidiaries of the Borrower. Notwithstanding anything to the contrary in the Credit Agreement (and in
addition to the baskets set forth in Sections 7.03, 7.04 and 7.05 thereof), the Lenders party hereto hereby consent to the transfer, conveyance, distribution or other disposition of the Thermax JV Stock among the Borrower and
its Subsidiaries, including, without limitation, any Investment of such Thermax JV Stock in one or more Subsidiaries of the Borrower so long as (a) immediately after giving effect to all such transfers, conveyances, distributions or other
dispositions or Investments of the Thermax JV Stock, the aggregate amount of Thermax JV Investments at such time (and without limiting later Thermax JV Investments permitted to be made by Section 7.03(i) of the Credit Agreement) does not exceed
$20,000,000, and (b) the Thermax JV Stock is not transferred to any Person that is not the Borrower or a Subsidiary of the Borrower in connection with such transfers, conveyances, distributions or other dispositions or Investments. For the
avoidance of doubt, the foregoing consent shall not alter the aggregate amount of Investments in the Thermax JV that may otherwise be outstanding at any time pursuant to Section 7.03(i) of the Credit Agreement, and the parties
acknowledge that the outstanding amount of the Thermax JV Investments at the time of the various transfers of the Thermax JV stock permitted by this Section 3 shall continue to utilize the amount of permitted Thermax JV Investments permitted
pursuant to Section 7.03(i) of the Credit Agreement during and after any such transfer of the Thermax JV Stock. Notwithstanding anything to the contrary in this Section 3, the foregoing consent shall automatically cease to be effective
when the amount of Thermax JV Investments exceeds $20,000,000, if such transfers, conveyances, distributions or other dispositions of the Thermax JV Stock have not been completed at such time. 

Section 4. Representations and Warranties. The Borrower represents and warrants to the Lenders and the Administrative Agent
that (a) the representations and warranties of the Borrower set forth in the Credit Agreement and each other Loan Document shall be true and 

  
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correct in all material respects on and as of the date hereof (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date),
and as if each reference therein to “this Agreement” or “the Credit Agreement” (or words of similar import) included reference to this Amendment and (b) no Default has occurred and is continuing. 

Section 5. Conditions Precedent. The amendments set forth in Section 2 of this Amendment shall become effective, as of
the date hereof, on the date on which the Administrative Agent shall have received (a) one or more counterparts of this Amendment, executed and delivered by the Borrower and the Required Lenders and (b) one or more counterparts of the
Guarantor Acknowledgment attached hereto, executed and delivered by each Guarantor. 
 Section 6. Reaffirmations.
Except as herein provided, the Credit Agreement shall remain unchanged and in full force and effect, and the Borrower and each Guarantor (a) ratifies and confirms all provisions of the Credit Agreement as amended by this Amendment,
(b) ratifies and confirms that all obligations of the Borrower and each Guarantor under the Credit Agreement as amended by this Amendment and the other Loan Documents are not released, reduced, or otherwise adversely affected by this Amendment
and (c) all Collateral encumbered by the Loan Documents continues to secure the payment and performance of all Obligations under each of the Loan Documents to which it is a party. 

Section 7. Counterparts, Etc. This Amendment and the Guarantor Acknowledgment attached hereto may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed
counterpart of a signature page to this Amendment and the Guarantor Acknowledgment attached hereto by telecopier or other electronic means shall be effective as delivery of a manually executed counterpart thereof. 

Section 8. Governing Law, Etc. This Amendment shall be governed by, and construed in accordance with, the law of the State of
New York. The Borrower hereby irrevocably submits to the nonexclusive jurisdiction of the United States District Court for the Southern District of New York and of any New York State court sitting in New York City for purposes of all legal
proceedings arising out of or relating to this Amendment and the Credit Agreement or the transactions contemplated hereby or thereby. The Borrower irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter
have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. EACH OF THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS
PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AMENDMENT, THE CREDIT AGREEMENT OR THE LOAN DOCUMENTS OR
THE ACTIONS OF THE ADMINISTRATIVE AGENT OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF. 

  
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 Section 9. Fees and Expenses. Without limiting the terms of the Credit
Agreement, the Borrower shall pay all reasonable fees and out-of-pocket expenses paid or incurred by the Administrative Agent incident to this Amendment, including, without limitation, the reasonable fees and out-of-pocket expenses of the
Administrative Agent’s counsel in connection with the negotiation, preparation, delivery and execution of this Amendment and any related documents. 
 Section 10. Integration. This Amendment constitutes the entire agreement and understanding among the parties hereto with respect to the subject matter hereof and supersedes any and all prior
agreements and understandings, oral or written, relating to the subject matter hereof. 
 Section 11. Loan Document.
Each Loan Party acknowledges and consents to the terms set forth herein and agrees that this Amendment constitutes a Loan Document. 
 Section 12. Authority, Enforceability. Each Loan Party represents and warrants to the Administrative Agent and the Lenders that: 

(a) It has taken all necessary action to authorize the execution, delivery and performance of this Amendment. 

(b) This Amendment has been duly executed and delivered by such Person and constitutes such Person’s legal, valid and binding
obligations, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of
whether considered in a proceeding in equity or at law. 
 (c) No consent or approval of, registration or filing with, or any
other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect, is required in connection with the execution, delivery or performance by such Person of this Amendment. 

(d) The execution and delivery of this Amendment does not (i) violate, contravene or conflict with any provision of its, or its
Subsidiaries’ Organization Documents or (ii) materially violate, contravene or conflict with any Laws applicable to it or any of its Subsidiaries. 
 Section 13. Effect of Agreement. Except as expressly set forth herein, this Amendment shall not be deemed (a) to be a waiver of, or consent to, a modification of or amendment of, any
other term or condition of the Credit Agreement or any other Loan Document, (b) to prejudice any other right or rights which the Administrative Agent or the Lenders may now have or may have in the future under or in connection with the Credit
Agreement or the other Loan Documents or any of the instruments or agreements referred to therein, as the same may be amended, restated, supplemented or otherwise modified from time to time, (c) to be a commitment or any other undertaking or
expression of any willingness to engage in any further discussion with the Borrower or any other Person with respect to any waiver, amendment, modification or any other change to the Credit Agreement or the Loan Documents or any rights or remedies
arising in favor of the Lenders or the Administrative Agent, or any of them, under or with respect to any such documents or (d) to be a waiver of, or consent to or a modification or 

  
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amendment of, any other term or condition of any other agreement by and among any Loan Party, on the one hand, and the Administrative Agent or any other Lender, on the other hand. References in
the Credit Agreement to “this Agreement” (and indirect references such as “hereunder”, “hereby”, “herein”, and “hereof”) and in any Loan Document to the Credit Agreement shall be deemed to be
references to the Credit Agreement as modified hereby. 
 [Remainder of page intentionally left blank; signature pages
follow.] 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to Credit
Agreement to be duly executed and delivered as of the day and year first above written. 
  

			
	BORROWER
	
	THE BABCOCK & WILCOX COMPANY
		
	By:	 	       /s/ Jenny L. Apker

		 	Name: Jenny L. Apker
		 	Title: Vice President and Treasurer
	
	ADMINISTRATIVE AGENT
	
	 BANK OF AMERICA, N.A., as Administrative Agent

		
	By:	 	       /s/ Bridgett J. Manduk

		 	Name: Bridgett J. Manduk
		 	Title: Assistant Vice President
	
	LENDERS
	
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	       /s/ Mathew Griesbach

		 	Name: Mathew Griesbach
		 	Title: Director
	
	BNP PARIBAS, as a Lender
		
	By:	 	       /s/ Jamie Dillion

		 	Name: Jamie Dillion
		 	Title: Managing Director
		
	By:	 	       /s/ Mary-Ann Wong

		 	Name: Mary-Ann Wong
		 	Title: Vice President

[Signature Page to Amendment No. 1 to Credit Agreement] 

 
					
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	 /s/ Patrick S. Thornton

		 	Name:	 	Patrick S. Thornton
		 	Title:	 	Senior Vice President
	
	 CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender

		
	By:	 	 /s/ Michael D. Willis

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

		 	Name:	 	Page Dillehunt
		 	Title:	 	Managing Director
	
	WELLS FARGO BANK, N.A., as a Lender
		
	By:	 	 /s/ Glenn F. Edwards

		 	Name:	 	Glenn F. Edwards
		 	Title:	 	Managing Director
	
	COMPASS BANK, as a Lender
		
	By:	 	 /s/ Payton K. Swope

		 	Name:	 	Payton K. Swope
		 	Title:	 	Vice President
	
	THE BANK OF NOVA SCOTIA, as a Lender
		
	By:	 	 /s/ John Frazell

		 	Name:	 	John Frazell
		 	Title:	 	Director

  

[Signature Page to Amendment No. 1 to Credit Agreement] 

 
					
	 US BANK, NATIONAL ASSOCIATION, as a Lender

		
	By:	 	 /s/ Michael P. Dickman

		 	Name:	 	Michael P. Dickman
		 	Title:	 	Vice President
	
	REGIONS BANK, as a Lender
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	UNION BANK, N.A., as a Lender
		
	By:	 	 /s/ Peter C. Thompson

		 	Name:	 	Peter C. Thompson
		 	Title:	 	Vice President
	
	 BRANCH BANKING AND TRUST CO., as a Lender

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	 PNC BANK, NATIONAL ASSOCIATION, as a Lender

		
	By:	 	 /s/ Jessica L. Fabrizi

		 	Name:	 	Jessica L. Fabrizi
		 	Title:	 	Assistant Vice President

  

[Signature Page to Amendment No. 1 to Credit Agreement] 

 
					
	FIFTH THIRD BANK, as a Lender
		
	By:	 	 /s/ Mary Ramsey

		 	Name:	 	Mary Ramsey
		 	Title:	 	Vice President
	
	COMERICA BANK, as a Lender
		
	By:	 	 /s/ Clayton Vanderpool

		 	Name:	 	Clayton Vanderpool
		 	Title:	 	Vice President
	
	WHITNEY NATIONAL BANK, as a Lender
		
	By:	 	 /s/ Douglas M. Webster

		 	Name:	 	Douglas M. Webster
		 	Title:	 	Assistant Vice President
	
	 SUMITOMO MITSUI BANKING CORPORATION, as a Lender

		
	By:	 	 /s/ William M. Ginn

		 	Name:	 	William M. Ginn
		 	Title:	 	Executive Officer
	
	ALLIED IRISH BANKS, p.l.c., as a Lender
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

[Signature Page to Amendment No. 1 to Credit Agreement] 

 GUARANTOR ACKNOWLEDGMENT 

Each of the undersigned, as Guarantors, hereby acknowledges this Amendment No. 1 to Credit Agreement and makes the confirmations,
agreements, representations and warranties set forth in Sections 6, 11, 12 and 13 thereof. 
  

					
	GUARANTORS
	
	 BABCOCK & WILCOX INVESTMENT COMPANY

		
	By:	 	 /s/ Jenny L. Apker

		 	Name:	 	Jenny L. Apker
		 	Title:	 	Vice President and Treasurer
	
	AMERICON EQUIPMENT SERVICES, INC.
	 AMERICON, INC.

	 APPLIED SYNERGISTICS, INC.

	 BABCOCK & WILCOX CHINA HOLDINGS, INC.

	 BABCOCK & WILCOX CONSTRUCTION CO., INC.

	 BABCOCK & WILCOX DENMARK HOLDINGS, INC.

	 BABCOCK & WILCOX EBENSBURG POWER, INC.

	 BABCOCK & WILCOX EQUITY INVESTMENTS, INC.

	 BABCOCK & WILCOX INDIA HOLDINGS, INC.

	 BABCOCK & WILCOX INTERNATIONAL SALES AND SERVICE CORPORATION

	 BABCOCK & WILCOX INTERNATIONAL, INC.

	 BABCOCK & WILCOX MODULAR NUCLEAR ENERGY LLC

	 BABCOCK & WILCOX NUCLEAR ENERGY, INC.

	 BABCOCK & WILCOX NUCLEAR OPERATIONS GROUP, INC.

	 BABCOCK & WILCOX POWER GENERATION GROUP, INC.

		
	By:	 	 /s/ Jenny L. Apker

		 	Name:	 	Jenny L. Apker
		 	Title:	 	Treasurer

  

[Guarantor Acknowledgment of Amendment No. 1 to Credit Agreement] 

 
					
	 BABCOCK & WILCOX TECHNOLOGY, INC.

	 BABCOCK & WILCOX TECHNICAL SERVICES CLINCH RIVER, LLC

	 BABCOCK & WILCOX TECHNICAL SERVICES GROUP, INC.

	 BWX TECHNOLOGIES, INC.

	 BWXT FEDERAL SERVICES, INC.

	 BWXT WASHINGTON, INC.

	 DELTA POWER SERVICES, LLC

	 DIAMOND OPERATING CO., INC.

	 DIAMOND POWER AUSTRALIA HOLDINGS, INC.

	 DIAMOND POWER CHINA HOLDINGS, INC.

	 DIAMOND POWER EQUITY INVESTMENTS, INC.

	 DIAMOND POWER INTERNATIONAL, INC.

	 DPS BERKELEY, LLC

	 DPS CADILLAC, LLC

	 DPS FLORIDA, LLC

	 DPS GREGORY, LLC

	 DPS LOWELL COGEN, LLC

	 DPS MECKLENBURG, LLC

	 DPS MICHIGAN, LLC

	 DPS MOJAVE, LLC

	 DPS SABINE, LLC

	 INTECH, INC.

	 IVEY-COOPER SERVICES, L.L.C.

	 MARINE MECHANICAL CORPORATION

	 NFS HOLDINGS, INC.

	 NOG-ERWIN HOLDINGS, INC.

	 NUCLEAR FUEL SERVICES, INC.

	 O&M HOLDING COMPANY

	 PALM BEACH RESOURCE RECOVERY CORPORATION

	 POWER SYSTEMS OPERATIONS, INC.

	 REVLOC RECLAMATION SERVICE, INC.

	 SOFCO - EFS HOLDINGS LLC

		
	By:	 	 /s/ Jenny L. Apker

		 	Name:	 	Jenny L. Apker
		 	Title:	 	Treasurer

  

[Guarantor Acknowledgment of Amendment No. 1 to Credit Agreement] 

 
					
	NATIONAL ECOLOGY COMPANY
		
	By:	 	 /s/ Jenny L. Apker

		 	Name:	 	Jenny L. Apker
		 	Title:	 	Authorized Representative
	
	 BWXT HANFORD COMPANY

	 BWXT OF IDAHO, INC.

	 BWXT OF OHIO, INC.

	 BABCOCK & WILCOX TECHNICAL SERVICES SAVANNAH RIVER COMPANY

		
	By:	 	 /s/ Jenny L. Apker

		 	Name:	 	Jenny L. Apker
		 	Title:	 	Assistant Treasurer

  

[Guarantor Acknowledgment of Amendment No. 1 to Credit Agreement] 

 ANNEX A 
 Schedule 5.03 
 Ownership of Subsidiaries 

Part A: Wholly-Owned Domestic Subsidiaries (excluding the BWXT Entities): 

 

											
	 Name
	  	Jurisdiction of
Organization	  	Number of
Shares
Authorized	  	Number of
Shares
Outstanding	  	% of Outstanding
Shares held by
Borrower (direct
or indirect)	 
	 Americon Equipment Services, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Americon, Inc.
	  	Delaware	  	1,000	  	100	  	 	100	% 
					
	 Applied Synergistics, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Babcock & Wilcox China Holdings, Inc
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Babcock & Wilcox Construction Co., Inc.
	  	Delaware	  	1,000	  	100	  	 	100	% 
					
	 Babcock & Wilcox Denmark Holdings, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Babcock & Wilcox Ebensburg Power, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Babcock & Wilcox Equity Investments, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Babcock & Wilcox India Holdings, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Babcock & Wilcox International Sales and Service Corporation
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Babcock & Wilcox International, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Babcock & Wilcox Investment Company
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Babcock & Wilcox Modular Nuclear Energy LLC1
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
					
	 Babcock & Wilcox Modular Reactors, LLC2
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
					
	 Babcock & Wilcox Nuclear Energy, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Babcock & Wilcox Power Generation Group, Inc.
	  	Delaware	  	101,000	  	101,000	  	 	100	% 
					
	 Babcock & Wilcox Technology, Inc.
	  	Delaware	  	1000	  	1000	  	 	100	% 
					
	 Delta Power Services, LLC
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
					
	 Diamond Operating Co., Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Diamond Power Australia Holdings, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Diamond Power China Holdings, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Diamond Power Equity Investments, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
					
	 Diamond Power International, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 

  

	1	 Entity is being merged out of existence. 

	2	 Newly formed entity – joinder documents are in process to make this entity a Guarantor and Collateral grantor. 

											
	 Name
	  	Jurisdiction of
Organization	  	Number of
Shares
Authorized	  	Number of
Shares
Outstanding	  	% of Outstanding
Shares held by
Borrower (direct
or indirect)	 
	 DPS Berkeley, LLC
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
	 DPS Berlin, LLC3
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
	 DPS Cadillac, LLC
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
	 DPS Florida, LLC
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
	 DPS Gregory, LLC
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
	 DPS Lowell Cogen, LLC
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
	 DPS Mecklenburg, LLC
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
	 DPS Michigan, LLC
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
	 DPS Mojave, LLC
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
	 DPS Piedmont, LLC4
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
	 DPS Sabine, LLC
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
	 Intech, Inc.
	  	Tennessee	  	50,000 Series A
 50,000 Series B
	  	2,500 Series A
 0 Series B
	  	 	100	% 
	 Ivey-Cooper Services, L.L.C.
	  	Tennessee	  	N/A	  	N/A	  	 	100	% 
	 National Ecology Company
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 North County Recycling, Inc. 5
	  	California	  	1,000	  	300	  	 	100	% 
	 O&M Holding Company
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 Palm Beach Resource Recovery Corporation
	  	Florida	  	60	  	60	  	 	100	% 
	 Power Systems Operations, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 Revloc Reclamation Service, Inc.
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 SOFCo – EFS Holdings LLC
	  	Delaware	  	N/A	  	N/A	  	 	100	% 

  

	3	 Immaterial Subsidiary. 

	4	 Immaterial Subsidiary. 

	5	 Immaterial Subsidiary that is inactive and is being dissolved. 

  
 Schedule
5.03-2 

 Part B: Wholly-Owned Domestic Subsidiaries that are BWXT Entities: 

 

											
	 Name
	  	Jurisdiction of
Organization	  	Number of
Shares
Authorized	  	Number of
Shares
Outstanding	  	% of Outstanding
Shares held by
Borrower (direct
or indirect)	 
	 Babcock & Wilcox Nuclear Operations Group, Inc.*
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 Babcock & Wilcox Technical Services Clinch River, LLC*
	  	Delaware	  	N/A	  	N/A	  	 	100	% 
	 Babcock & Wilcox Technical Services Group, Inc.*
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 Babcock & Wilcox Technical Services Savannah River Company*
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 BWX Technologies, Inc.*
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 BWXT Federal Services, Inc. *
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 BWXT Hanford Company*
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 BWXT of Idaho, Inc. *
	  	Delaware	  	800 Series A
 200 Series B
	  	800 Series A
 200 Series B
	  	 	100	% 
	 BWXT of Ohio, Inc. *
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 BWXT Washington, Inc. *
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 Marine Mechanical Corporation*
	  	Delaware	  	1,500,000 Class A
 500,000 Class B

1,500 Preferred
	  	549,858.59
Class A 0 Class B

0 Preferred
	  	 	100	% 
	 NFS Holdings, Inc. *
	  	Delaware	  	100,000	  	100,000	  	 	100	% 
	 NOG-Erwin Holdings, Inc. *
	  	Delaware	  	1,000	  	1,000	  	 	100	% 
	 Nuclear Fuel Services, Inc. *
	  	Delaware	  	5,000	  	1,683	  	 	100	% 

  

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

  
 Schedule
5.03-3 

 Part C: Wholly-Owned Foreign Subsidiaries: 

 

											
	 Name
	  	Jurisdiction of
Organization	  	Number of
Shares
Authorized	  	Number of
Shares
Outstanding	  	% of Outstanding
Shares held by
Borrower (direct
or indirect)	 
	 B&W de Panama, Inc.
	  	Panama	  	100,000	  	100,000	  	 	100	% 
	 Babcock & Wilcox Canada Ltd.
	  	Ontario	  	1,000,000	  	500,000	  	 	100	% 
	 Babcock & Wilcox de Monterrey, S.A. de C.V.
	  	Mexico	  	Common –
Unlimited Variable –
11,349,464
	  	Common –
50,000 Variable –
11,349,464
	  	 	100	% 
	 Babcock & Wilcox India Private Limited
	  	India	  	1,000,000	  	675,020	  	 	100	% 
	 Babcock & Wilcox International Investments Co., Inc.
	  	Panama	  	100,000	  	100,000	  	 	100	% 
	 Babcock & Wilcox Nuclear Services (U.K.) Limited
	  	United Kingdom	  	100	  	2	  	 	100	% 
	 Babcock & Wilcox Technical Services (U.K.) Limited*
	  	United Kingdom	  	100	  	2	  	 	100	% 
	 Babcock & Wilcox Volund A/S
	  	Denmark	  	100,000	  	100,000	  	 	100	% 
	 BCE Parts Ltd.
	  	Ontario	  	Unlimited	  	1	  	 	100	% 
	 Burlington Niche Services Ltd.
	  	Ontario	  	Unlimited	  	100,000	  	 	100	% 
	 Creole Insurance Company, Ltd.
	  	Bermuda	  	2,000	  	2,000	  	 	100	% 
	 Diamond Power Central & Eastern Europe s.r.o.
	  	Czech Republic	  	200,000	  	200,000	  	 	100	% 
	 Diamond Power do Brasil Limitada
	  	Brazil	  	500,000	  	300,000	  	 	100	% 
	 Diamond Power Finland OY
	  	Finland	  	600	  	600	  	 	100	% 
	 Diamond Power Machine (Hubei) Co., Inc.
	  	China	  	N/A	  	N/A	  	 	100	% 
	 Diamond Power Specialty (Proprietary) Limited
	  	Republic of
South Africa	  	1,000	  	1	  	 	100	% 
	 Diamond Power Specialty Limited
	  	United Kingdom	  	500,000	  	500,000	  	 	100	% 
	 Diamond Power Sweden AB
	  	Sweden	  	5,000	  	5,000	  	 	100	% 
	 Gotaverken Miljo AB
	  	Sweden	  	5,000	  	5,000	  	 	100	% 
	 Intech International Inc.
	  	Ontario	  	Unlimited	  	1,000	  	 	100	% 
	 P. T. Babcock & Wilcox Asia
	  	Indonesia	  	1,200	  	800	  	 	100	% 
	 Servicios de Fabricacion de Valle Soleado, S.A. de C.V.
	  	Mexico	  	Unlimited	  	50,000	  	 	100	% 
	 Servicios Profesionales de Valle Soleado, S.A. de C.V.
	  	Mexico	  	Unlimited	  	50,000	  	 	100	% 
	 TubeSolve ltd.
	  	Ontario	  	Unlimited	  	100,000	  	 	100	% 

  

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

  
 Schedule
5.03-4 

 Part D: Subsidiaries that are Joint Ventures: 

 

									
	 Name
	  	Jurisdiction of
Organization	  	Number of
Shares
Authorized	 	Number of
Shares
Outstanding	  	% of Outstanding
Shares held by
Borrower (direct or
indirect)
	 Babcock & Wilcox Conversion Services LLC
	  	Delaware	  	N/A	 	N/A	  	51%
	 Babcock & Wilcox Shaw Remediation, LLC
	  	Delaware	  	N/A	 	N/A	  	75%
	 Diamond Power Germany GmbH**
	  	Germany	  	125,700	 	125,700	  	94.9%
 (119,400 shares)

	 Diamond Power Services S.E.A. Ltd.
	  	Thailand	  	784	 	784	  	79.7%
 (625 shares)

	 Ebensburg Power Company ***
	  	Pennsylvania	  	N/A
 (Partnership)
	 	N/A	  	50.005%
	 Generation mPower LLC****
	  	Delaware	  	N/A	 	N/A	  	90% as of the
effective date of
Amendment No. 1

  

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

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

	****	Under the Constituent Documents of Generation mPower, LLC (“mPower”), Bechtel is obligated to purchase an additional equity interest in mPower as
mPower receives Full Notice to Proceed (FNTPs) on contracts from customers, which purchases will reduce the Borrower’s indirect ownership interest in mPower. The incremental investment for each FNTP is on a per module basis.

  
 Schedule
5.03-5

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