Document:

Exhibit

Exhibit 10.11
A. SCHULMAN, INC.
NONQUALIFIED STOCK OPTION AWARD AGREEMENT

A. Schulman, Inc. (the “Company”) believes that its business interests are best served by extending to you an opportunity to earn additional compensation based on the growth of the Company’s business. To this end, the Company adopted, and its stockholders approved, the 2017 Equity Incentive Plan (the “Plan”) as a means through which employees like you may share in the Company’s success. Capitalized terms that are not defined herein shall have the same meanings as in the Plan.

		
	1.
	Nature of Award. Effective as of the date (the “Grant Date”) specified in the attached Notice of Grant (the “Grant Notice”), the Company hereby grants to the individual identified in the Grant Notice (the “Participant”) an award of Nonqualified Stock Options (“Options”) as set forth in the Grant Notice (the “Award”). The Award is subject to the terms and conditions described in the Grant Notice, this Nonqualified Stock Option Award Agreement (“Award Agreement”), and the Plan. The Options are nonqualified stock options which are not intended to be governed by Section 422 of the Code or qualify as Incentive Stock Options thereunder.

		
	2.
	Number of Options. The number of Options in this Award is set forth in the Grant Notice. For purposes of this Award Agreement, each Option represents the right to receive one Share per Option on the terms and conditions and at the Exercise Price all as set forth in this Award Agreement. The Options may be exercised in whole or in part and from time to time as hereinafter provided.

		
	3.
	Exercise Price per Share. The “Exercise Price” per Share at which the Participant will be entitled to purchase the Stock covered by the Options is $[xx.xx] per Share.

		
	4.
	Vesting. Your Options will be subject to vesting and then may be exercised in accordance with the following schedule (the “Normal Vesting Date(s)”), subject to your continued employment with the Company on the Normal Vesting Date.

	
		
	Date of Vesting
	Percentage of Options to Vest

	Third Anniversary of Grant Date
	100%

If the scheduled Normal Vesting Date is a non-business day, the next following business day will be considered the Normal Vesting Date.
		
	5.
	Effect of Termination. You may forfeit your Award if you terminate employment prior to a Normal Vesting Date, although this will depend on the reason for your termination, as provided below:

(a)    Termination for Any Reason other than Death, Disability, or Retirement. If you terminate for any reason other than due to death, Disability, or Retirement, then:

		
	(i)
	any Option that is unvested on the date of termination will be forfeited on that date; and

		
	(ii)
	Participant may at any time within ninety (90) days after the effective date of termination of employment exercise the Options that were vested immediately prior to the date of termination, provided that all unexercised vested Options shall lapse immediately upon a termination for Cause, and provided further that in no event shall the Options be exercisable after the Expiration Date.

(b)    Death; Disability. If you die or become Disabled, all unvested Options will fully vest and become exercisable on the date of your death or Disability. The Options may be exercised for a period of one (1) year following termination of employment due to death or Disability, provided that in no event shall the Options be exercisable after the Expiration Date.

(c)    Retirement. If you terminate due to Retirement, and provided that the Committee agrees to treat your termination as a Retirement, you will vest in a prorated portion of your then unvested Options determined by multiplying the number of Options by a fraction, the numerator of which is the number of whole months you were employed from the Grant Date to the date of Retirement, and the denominator of which is 36. For purposes of this calculation, a whole month will be determined on the basis of each monthly anniversary of the Grant Date occurring before the date of Retirement. All vested Options may be exercised for a period of one (1) year following termination of employment due to Retirement, provided that in no event shall the Options be exercisable after the Expiration Date.

(d)    Change in Control. Notwithstanding the foregoing, in the event of a Change in Control, All unvested Options shall become fully vested and exercisable (subject to the expirations provisions otherwise applicable to the Options). To the extent that your Options are subject to the requirements of Section 409A of the Code, any Change in Control must also constitute a “change in control event” as defined in Section 409A of the Code.

		
	6.
	Term of Options. The Options granted under this Award Agreement will expire, unless otherwise exercised, ten (10) years from the Grant Date, through and including the normal close of business of the Company on such tenth anniversary (the “Expiration Date”), subject to earlier termination as provided in Section 5 hereof.

		
	7.
	Exercise of Options. The vested Options may be exercised by the Participant in whole or in part by delivery to the Company of written notice of exercise in the form attached hereto as Exhibit A (“Exercise Notice”) and payment of the applicable Exercise Price as provided in Sections 8 and 9 hereof.

		
	8.
	Method of Exercising Options.

		
	(a)
	General. Subject to the terms and conditions of this Award Agreement and the Plan, you may exercise vested Options by timely delivery to the Company of the Exercise Notice, which notice will be effective on the date received by the Company. The Exercise Notice will state Participant’s election to exercise all or part of the Options, the number of Shares in respect of which an election to exercise has been made, and the method of payment elected (see Section 9 hereof). Such Exercise Notice will be signed by Participant (or other permitted person) and will be accompanied by payment of the applicable Exercise Price of such Shares. In the event the Options will be exercised by a person or persons other than the Participant pursuant to Section 12(a) hereof, such Exercise Notice will be signed by such other person or persons, will include the exact name or names in which the Shares will be registered and the Social Security number of such person or persons and will be accompanied by proof acceptable to the Company of the legal right of such person or persons to exercise the Options. All Shares delivered by the Company upon exercise of the Options will be fully paid and nonassessable upon delivery.

		
	(b)
	Taxes. No Shares will be delivered to the Participant or other person pursuant to the exercise of the Options until the Participant or other person has made arrangements acceptable to the Committee or the Company for the satisfaction of foreign, federal, state, and local income and employment tax withholding obligations as described in Section 12(c) hereof.

		
	(c)
	Participant’s Representations. In the event the Shares purchasable pursuant to the exercise of the Options have not been registered under the Securities Act of 1933, as amended, at the time the Options are exercised, the Participant will, if requested by the Company, concurrently with the exercise of all or any portion of the Options, deliver to the Company a standard investment representation statement.

		
	9.
	Method of Payment for Options. Payment for Shares purchased upon the exercise of Options will be made by Participant in cash; by tendering previously acquired Shares having a Fair Market Value at the time of exercise equal to the aggregate exercise price (provided that such Shares had been held for at least six months or such other period required to obtain favorable accounting treatment and to comply with the requirements of Section 16 of the Act); by cashless exercise (including by withholding Shares deliverable upon exercise or through a broker-assisted arrangement to the extent permitted by applicable law); by a combination of these methods; or through any other method approved by the Committee.

		
	10.
	Delivery of Shares. No Shares will be delivered upon exercise of the Options until the following occurs: (i) the Exercise Price will have been paid in full in the manner herein provided; (ii) applicable taxes required to be withheld have been paid or withheld in full; and (iii) approval of any governmental authority required in connection with the Options, or the issuance of Shares thereunder, has been received by the Company. Participant understands and agrees that Company may cause certain legends as appropriate to reflect applicable state and federal securities laws or applicable contractual restrictions to be placed upon any certificate(s) evidencing ownership of the Shares delivered upon exercise of the Options.

		
	11.
	Securities Act. The Company will not be required to deliver any Shares pursuant to the exercise of all or any part of the Options if, in the opinion of counsel for the Company, such issuance would violate the Securities Act or any other applicable federal or state securities laws or regulations.

		
	12.
	Miscellaneous:

		
	(a)
	Beneficiary. You may designate a Beneficiar(ies) to receive any portion of your Award and any other right granted herein under the Plan that is unsettled at your death. To do so, you must complete a beneficiary designation form by contacting Katie Pickle, Global Total Rewards Manager, by telephone ((832) 663-3107) or by email (Katie.Pickle@aschulman.com). If you previously completed a valid beneficiary designation form, such form will apply to the Awards until it is changed or revoked. If you die without correctly completing a beneficiary designation form, or if your designated beneficiary does not survive you, your beneficiary will be your surviving spouse or, if you do not have a surviving spouse, your estate.

		
	(b)
	Nontransferability. The Options may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated, except by will or the laws of descent and distribution. However, as described above, you may complete a beneficiary designation form to name the person to receive any portion of your Awards that are settled after you die.

		
	(c)
	Taxes and Tax Withholding. The Company or a Subsidiary, as applicable, will have the power and right to deduct, withhold or collect any tax, social security contribution, payroll tax or other amount required by law or regulation, or elected by the Participant, to be withheld with respect to any taxable event arising with respect to the Options. To the extent permitted by the Committee, in its sole discretion, this amount may be:

(i)withheld from other amounts due to the Participant, (ii) withheld from the value of any Shares transferred in connection with the exercise of the Options, or (iii) collected directly from the Participant. The amount to be withheld may relate to amounts due in more than one jurisdiction and in all cases shall be as determined by the Committee in its discretion. Unless the Participant has otherwise irrevocably elected a different method to satisfy the withholding, the Participant shall be deemed to have elected to satisfy the withholding requirement by having the Company or an Affiliate, as applicable, withhold Shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax that could be imposed on the transaction. All such elections will be irrevocable and made in writing and will be subject to any terms and conditions that the Committee, in its sole discretion, deems appropriate.

You understand that you are solely responsible for filing any relevant documentation (including, without limitation, tax returns or reporting statements) that may be required in relation to the Award 

(including, without limitation, any such documentation related to the holding of shares or any bank or brokerage account, the subsequent sale of shares, or the receipt of any dividends). You further acknowledge that the Company or an Affiliate (as applicable) does not commit to and is under no obligation to structure the terms or any aspect of the Award to reduce or eliminate your liability for taxes or other amounts due or to achieve any particular tax result.

		
	(d)
	Foreign Exchange Restrictions. You understand and agree that neither the Company nor any Affiliate is responsible or liable for (i) any foreign exchange fluctuation between your local currency (if applicable) and the United States Dollar (or the selection by the Company or Affiliate of any applicable foreign exchange rate it may determine in its discretion to be appropriate) that may affect the value of this Award or the calculated income, taxes or other amounts thereunder, or any related taxes or other amounts, or (ii) any decrease in the value of Shares.

		
	(e)
	Not an Employment Agreement. This grant of Options imposes no obligation on the Company or any Affiliate to employ the Participant for any period. This Agreement is not an employment agreement, and no provision of this Agreement shall be construed or interpreted to create an employment relationship between the Participant and the Company or any Affiliate or to guarantee the right to remain employed by the Company or any Affiliate for any specified term.

Furthermore, except as otherwise expressly provided in a written employment agreement between Participant and the Company, this Award is made solely at the discretion of the Company and the Committee, and this Award Agreement, the Plans, and any other Plan documents (i) are not part of your employment contract, if any, and (ii) do not guarantee either your right to receive any future grants under the Plans (even if Awards have been granted repeatedly in the past) or the inclusion of the value of any grants in the calculation of severance payments, if any, upon termination of employment.

You further agree, except as otherwise expressly provided in a written employment agreement between Participant and the Company, to waive all and any rights to compensation or damages for the termination of your office or employment with the Company or an Affiliate for any reason whatsoever (including unlawful termination of employment) insofar as those rights arise or may arise from you ceasing to have rights under the Plans as a result of that termination or from the loss or diminution in value of such rights or entitlements.

		
	(f)
	Requirements of Law. This grant of Options shall be subject to all applicable laws, rules and regulations (including applicable federal and state securities laws) and to all required approvals of any governmental agencies or national securities exchange, market or other quotation system. Notwithstanding anything to the contrary herein, the Company shall not be obligated to issue any Shares pursuant to this Award, at any time, if the offering of the Shares covered by this Award violates or is not in compliance with any laws, rules or regulations of the United States or any state or country.

Furthermore, you understand that, to the extent applicable, the laws of the country in which you are working at the time of grant and/or vesting of this Award (including any rules or regulations governing securities, foreign exchange, tax, labor or other matters) may restrict or prevent settlement of this Award or may subject you to additional procedural or regulatory requirements for which you are solely responsible and that you will have to independently fulfill in relation to this Award, and that sales of Shares may be subject to restrictions under United States federal securities laws, and the laws, rules or regulations of any other relevant federal, state or local jurisdiction, and under Company policies including insider trading policies and procedures.

Any summaries of potentially applicable legal restrictions and requirements furnished in connection with the Plan are not intended to be exhaustive, and you acknowledge that other rules 

may apply. The Company reserves the right to impose other requirements on your participation in the Plan, Awards granted thereunder, and any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable to comply with applicable law or facilitate the administration of the Plan.

		
	(g)
	Governing Law. This Award Agreement will be interpreted and construed in accordance with and governed and enforced by the laws (other than laws governing conflicts of laws) of the State of Ohio, except to the extent that the Delaware General Corporation Law is mandatorily applicable.

		
	(h)
	Severability. The provisions of this Award Agreement are severable, and if any one or more of the provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.

		
	(i)
	Waiver. No failure or delay by the Company to enforce any provision of this Award Agreement or exercise any right or remedy provided by law shall constitute a waiver of that or any other provision, right or remedy, nor shall it prevent or restrict the further exercise of that or any other provision, right or remedy. No single or partial exercise of such provision, right or remedy shall prevent or restrict the further exercise of that or any other provision, right or remedy.

		
	(j)
	Data Privacy. In order to perform its obligations under the Plans or for the implementation and administration of the Plans, the Company or Affiliate may collect, transfer, use, process, or hold certain personal data about you. Such data includes, but is not limited to, your name, nationality, citizenship, work authorization, date of birth, age, government or tax identification number, passport number, brokerage account information, address, compensation and equity award history, and beneficiaries’ contact information.

By accepting this Award, you explicitly consent to the collection, transfer (including to third parties in your home country or the United States or other countries, such as but not limited to human resources personnel, the Company’s legal and/or tax advisors, and brokerage administrators), use, processing, holding, electronically or otherwise, of your personal data in connection with this or any other equity award. Refusal or withdrawal of consent may affect your ability to participate in the Plan or to realize benefits under it. At all times the Company shall maintain the confidentiality of the your personal data, except to the extent the Company is required to provide such information to governmental agencies or other parties; any such actions will be undertaken by the Company only in accordance with applicable law.

		
	(k)
	Other Agreements. Your Award of Options is subject to the terms of any other written agreements between you and the Company or a Related Entity or Affiliate to the extent that those other agreements do not directly conflict with the terms of the Plan or this Award Agreement.

		
	(l)
	Adjustments to Your Awards. Subject to the terms of the Plan, your Options will be adjusted, if appropriate, to reflect any change to the Company’s capital structure (e.g., the number of your Shares will be adjusted to reflect a stock split, a stock dividend, recapitalization, including an extraordinary dividend, merger, consolidation, combination, spin-off, distribution of assets to stockholders, exchange of Shares or other similar corporate change affecting Shares).

		
	(m)
	Other Rules. Your Awards are subject to additional rules as described in the Plan. You should read the Plan carefully to ensure you fully understand all the terms and conditions of your Awards. In the event of a conflict between the terms of the Plan and the terms of this Award Agreement, the terms of the Plan will govern. The Committee has the sole responsibility of interpreting the Plan and this Award Agreement, and its determination of the meaning of any provision in the Plan or this Award Agreement will be binding on the Participant. To the extent you have been provided with a copy of this Award Agreement, the Plan or any other documents relating to this Award in a 

language other than English, the English language document will prevail in case of any ambiguity or divergence resulting from the translation of such documents.

		
	(n)
	Section 409A of the Code. This Award Agreement is intended, and shall be construed and interpreted, to comply with Section 409A of the Code and if necessary, any provision shall be held null and void to the extent such provision (or part thereof) fails to comply with Section 409A of the Code or the Treasury Regulations thereunder. For purposes of Section 409A of the Code, each payment of compensation under the Award Agreement shall be treated as a separate payment of compensation. Any amounts payable solely on account of an involuntary termination shall be excludable from the requirements of Section 409A of the Code, either as separation pay or as short-term deferrals to the maximum possible extent. Nothing herein shall be construed as the guarantee of any particular tax treatment to the Participant, and the Company shall have no liability with respect to any failure to comply with the requirements of Section 409A of the Code. Any reference to the Participant’s “termination” shall mean the Participant’s “separation from service,” as defined in Section 409A of the Code. In addition, if the Participant is determined to be a “specified employee” (within the meaning of Section 409A of the Code and as determined under the Company’s policy for determining specified employees), the Participant shall not be entitled to payment or to distribution of any amount in connection with an Option that is subject to Section 409A of the Code (and for which no exception applies) and is payable or distributable on account of the Participant’s termination until the expiration of six months from the date of such termination (or, if earlier, the Participant’s death). Any payment or distribution that is delayed pursuant to the preceding sentence shall be paid or distributed on the first business day of the seventh month following such termination.

		
	(o)
	Clawback. The Options and any Shares issued in connection with the exercise of the Options are subject to any clawback policy adopted by the Company from time to time.

		
	(p)
	Obligation to Exercise. Participant will have no obligation to exercise any Option granted by this Award Agreement.

		
	(q)
	Tax Characterization. The Option is not intended to qualify as an “incentive stock option” as defined in Section 422 of the Code.

		
	(r)
	Appendix. Notwithstanding any provisions in this Award Agreement, if you reside outside of the United States, certain additional general terms and conditions as set forth in the Appendix will apply to you. In addition, the Options shall be subject to any special terms and conditions set forth in the Appendix for the jurisdiction in which you reside. If you relocate from the United States to a country outside the United States or relocate between the jurisdictions specified in the Appendix, the additional general and special terms and conditions, as applicable, will apply to you, to the extent that the Committee determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plans. The Appendix constitutes part of this Award Agreement.

		
	(s)
	Acceptance. You must accept the Award and agree to the terms and conditions of the Award as described above by electronically accepting this Award Agreement within 60 days of the Grant Date.

EXHIBIT A

A. SCHULMAN, INC.
NONQUALIFIED STOCK OPTION AWARD AGREEMENT
EXERCISE NOTICE

A. Schulman, Inc.
3627 Ridgewood Road Fairlawn, OH 44333

Attention: Total Rewards Manager

Today’s Date:                                 
Participant’s Name:                                 
Exerciser’s Name (if not Participant):                     
Address of Participant or other Exerciser:                     
Grant Date: January 10, 2018                            
Exercise Price per Share: $38.90                        
Total Number of Shares to be purchased through exercise of the Options:     
Aggregate Exercise Price: $                                

		
	1.
	Effective as of today, the undersigned Participant, Participant’s Beneficiary or Participant’s legal representative (“Exerciser”) hereby elects to exercise the Participant’ option to purchase the above referenced number of shares of the common stock, $1.00 par value (the “Shares”) of A. Schulman, Inc., a Delaware corporation (the “Company”) under and pursuant to the Company’s 2014 Equity Incentive Plan (the “Plan”) and the Nonqualified Stock Option Award Agreement (the “Award Agreement”) described above. To the extent not specifically provided herein, all capitalized terms used in this Exercise Notice will have the same meanings ascribed to them in the Plan and the Award Agreement, as the case may be.

		
	2.
	Representation of Exerciser other than the Participant. Any Exerciser other than the Participant acknowledges that such person (a) has the right to exercise the Option as either the Participant’s Beneficiary following Participant’s death or as Participant’s legal representative following Participant’s Disability; (b) has attached to this Exercise Notice the exact name(s) and social security number(s) for the person to whom the Shares should be issued; and (c) has attached to this Exercise Notice evidence acceptable to the Company that the Participant has died or become Disabled and that such Exerciser has the authority to exercise the Options.

		
	3.
	Representations of the Exerciser. The Exerciser acknowledges that the Exerciser has received, read, and understood the Plan and the Award Agreement and agrees to abide by and be bound by their terms and conditions.

		
	4.
	Rights as Shareholder. Until the stock certificate evidencing such Shares is issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder will exist with respect to the Shares, notwithstanding the exercise of the Option. No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock certificate is issued, except as provided in of the Plan.

		
	5.
	Delivery of Payment. The Exerciser herewith delivers to the Company as payment for Shares purchased upon the exercise of Options in an amount equal to the full Exercise Price for the Shares, plus any taxes referenced in section 7 hereof:

		
	•
	cash, by personal check or money order payable to A. Schulman, Inc.;

		
	•
	tender of previously acquired Shares;

		
	•
	cashless exercise (by authorizing withholding Shares deliverable upon exercise or through a broker-assisted arrangement to the extent permitted by applicable law); or

		
	•
	a combination of these methods, as described as follows:

______________________________________________________________________________

		
	6.
	Tax Consultation. The Exerciser understands that the Exerciser may suffer adverse tax consequences as a result of the purchase or disposition of the Shares. The Exerciser represents that the Exerciser has consulted with any tax consultants the Exerciser deems advisable in connection with the purchase or disposition of the Shares and that the Exerciser is not relying on the Company for any tax advice.

		
	7.
	Taxes. The Exerciser agrees to satisfy all applicable foreign, federal, state, and local income and employment tax withholding obligations and herewith delivers to the Company the full amount of such obligations or has made arrangements acceptable to the Company to satisfy such obligations.

		
	8.
	Restrictive Legends. Exerciser understands and agrees that Company may cause certain legends as appropriate to reflect applicable state and federal securities laws or applicable contractual restrictions to be placed upon any certificate(s) evidencing ownership of the Shares delivered upon exercise of the Option.

		
	9.
	Successors and Assigns. The Company may assign any of its rights under this Exercise Notice to single or multiple assignees, and this agreement will inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this Exercise Notice will be binding upon the Participant, the Exerciser, and their heirs, executors, administrators, successors, and assigns.

		
	10.
	Headings. The captions used in this Exercise Notice are inserted for convenience and will not be deemed a part of this agreement for construction or interpretation.

		
	11.
	Interpretation. Any dispute regarding the interpretation of this Exercise Notice will be submitted by the Exerciser or by the Company forthwith to the Committee, which will review such dispute at its next regular meeting. The resolution of such a dispute by the Committee will be final and binding on all persons.

		
	12.
	Governing Law; Severability. This Exercise Notice is to be construed in accordance with and governed by the internal laws of the State of Ohio without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of Ohio to the rights and duties of the parties. Should any provision of this Exercise Notice be determined by a court of law to be illegal or unenforceable, the other provisions will nevertheless remain effective and will remain enforceable.

		
	13.
	Notices. Any notice required or permitted hereunder will be given in writing and will be deemed effectively given upon personal delivery or upon deposit in the United States mail by certified mail, with postage and fees prepaid, addressed to the other party at its address as shown below beneath its signature, or to such other address as such party may designate in writing from time to time to the other party.

		
	14.
	Further Instruments. The parties agree to execute such further instruments and to take such further action as may be reasonably necessary to carry out the purposes and intent of this agreement.

		
	15.
	Entire Agreement. The Plan and the Award Agreement are incorporated herein by reference and together with this Exercise Notice constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Participant with respect to the subject matter hereof, and may not be modified adversely to the Participant’s rights except by means of a writing signed by the Company and the Participant.

	
		
	Submitted by:
	Accepted by:

	 
	 

	PARTICIPANT/EXERCISER:
	A. SCHULMAN, INC.

	 
	 

	 
	By:                                                                                          

	 
	 

	                                                                                                   
	Title:                                                                                        

	(Signature)
	 

	 
	 

	Address:
	Address:

	 
	 

	                                                                                                   
	3637 Ridgewood Road

	                                                                                                   
	Fairlawn, OH 44333

	 
	ATTN: Total Rewards Manager

	 
	 

APPENDIX

COUNTRY SPECIFIC TERMS AND CONDITIONS

The following country-specific notices, disclaimers, and/or terms and conditions apply to grantees in the countries listed below and may be material to your participation in the Plans. Such information may apply if you reside or work in, or move to or otherwise become subject to the laws or Company policies of, a particular country while holding or selling Shares received under the Plans. In any such case, the Company may also withhold or account for tax or related liabilities in more than one jurisdiction. You solely are responsible for any obligations outlined below. As local laws are often complex and change frequently and the information provided is general in nature and may not apply to your specific situation, the Company cannot assure you of any particular result, and you should seek your own professional legal and tax advice.

Securities Law Notice: Unless otherwise noted, neither the Company nor the Shares is registered with any local stock exchange or under the control of any local securities regulator outside the United States. The Plans, grant documentation, and any other communications or materials that you may receive regarding participation in the Plans do not constitute advertising or an offering of securities outside the United States, and do not constitute a public offer. The issuance of securities described in any Plan-related documents is not intended for public offering or circulation in your jurisdiction.

European Union    Data Privacy

The following supplements the Data Privacy section of the Award Agreement:

For purposes of European Union data protection laws, A. Schulman, Inc. with registered office at 3637 Ridgewood Road Fairlawn, Ohio 44333, USA is the data controller. Providing personal data is voluntary but necessary to be a beneficiary of the Plan. Any personal data provided will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You have a right to access and rectify your data and request additional information about the storage and processing of your data, without cost, in accordance with European Union data protection law. You also have the right to refuse or withdraw the consents herein.

Belgium        Tax Considerations
If the Option is accepted in writing within 60 days of the offer date, the Option will be subject to taxation on the 60th day following the offer date of the Option. If you do not accept the Option in writing within 60 days of the offer, you will be taxed at exercise. Please refer to the additional taxation memo that you will receive along with your grant for a more detailed description of the tax consequences of choosing to accept the Option within 60 days of the offer date. You should consult your personal tax advisor regarding the tax consequences and completion of the additional forms.

Foreign asset reporting
Rules regarding the reporting of assets (including shares) held outside Brazil may apply to Shares received upon vesting.

Please also refer to the European Union section above.

Brazil            Foreign asset reporting
Rules regarding the reporting of assets (including shares) held outside Brazil may apply to Shares received upon vesting.

Exchange Control Notification

Specific foreign exchange rules may apply to the repatriation of any funds received in respect of the Shares.

France            Consent to Receive Information in English
This form and related documents are drawn up in English at the express wish of the parties. Ce formulaire ainsi que les documents qui s’y rattachent sont rédigés en anglais à la demande expresse des parties.

Foreign asset reporting
Rules regarding the reporting of assets (including shares) held outside France may apply to Shares received upon vesting.

Please also refer to the European Union section above.
Germany        Please refer to the European Union section above.

Indonesia        There are no country-specific provisions.

Malaysia        There are no country-specific provisions.

Mexico        There are no country-specific provisions.

Netherlands        Please refer to the European Union section above.

Poland         Foreign asset reporting
Rules regarding the reporting of assets (including shares) held outside Poland may apply to Shares received upon vesting.

Please also refer to the European Union section above.

Spain            Foreign asset reporting
Rules regarding the reporting of assets (including shares) held outside Spain may apply to Shares received upon vesting.

Please refer to the European Union section above.
Sweden         Please refer to the European Union section above.

Switzerland         There are no country-specific provisions.

United Kingdom    Please refer to the European Union section above.EX-10.1

 Exhibit 10.1 

LIMITED FORBEARANCE AGREEMENT 

This LIMITED FORBEARANCE AGREEMENT (this “Agreement”), is entered into as of March 27, 2018, among WILLBROS
UNITED STATES HOLDINGS, INC., a Delaware corporation (“Holdings”), CHAPMAN CONSTRUCTION CO., L.P., a Texas limited partnership (“Chapman Construction”), CHAPMAN CONSTRUCTION MANAGEMENT CO.,
INC., a Texas corporation (“Chapman Management”), CONSTRUCTION TANK SERVICES LLC, a Delaware limited liability company (“Construction Tank”), WILLBROS UTILITY T&D OF NEW YORK, LLC, a New York
limited liability company (“WUTDNY”), LINEAL INDUSTRIES, INC., a Pennsylvania corporation (“Lineal”), WILLBROS WEST COAST SERVICES, INC., an Oklahoma corporation (“Willbros West
Coast”), WILLBROS CONSTRUCTION (U.S.), LLC, a Delaware limited liability company (“Willbros Construction (U.S.)”), WILLBROS ENGINEERING & SERVICES, LLC, a Texas limited liability company
(“Willbros Engineering & Services”), WILLBROS T&D SERVICES, LLC, a Delaware limited liability company (“Willbros T&D Services”, and together with Holdings,
Chapman Construction, Chapman Management, Construction Tank, WUTDNY, Lineal, Willbros West Coast, Willbros Construction (U.S.) and Willbros Engineering & Services, the “U.S. Borrowers”), WILLBROS MINE SERVICES, L.P.,
a limited partnership organized under the laws of Alberta, Canada (“Canadian Borrower” and, together with the U.S. Borrowers, the “Borrowers” and each, a “Borrower”), WILLBROS
GROUP, INC., a Delaware corporation (the “Parent”), the other Persons party to this Agreement as Guarantors, the Lenders party to this Agreement, the Issuing Banks and BANK OF AMERICA, N.A., a national banking association, in
its capacity as collateral agent and administrative agent for itself and the other Secured Parties (the “Agent”). 

RECITALS: 
 A. The Borrowers, the
Guarantors, the Agent and the financial institutions named therein as lenders (the “Lenders”) are parties to that certain Loan, Security and Guaranty Agreement dated as of August 7, 2013 (as heretofore amended or
otherwise modified, the “Loan Agreement”), pursuant to which the Lenders agreed to make Loans and provide certain other financial accommodations to the Borrowers. 

B. Pursuant to the Loan Agreement, the U.S. Domiciled Obligors have guaranteed all of the Obligations under the Loan Documents and the
Canadian Domiciled Obligors have guaranteed all of the Canadian Facility Obligations under the Loan Documents. 
 C. The Borrowers
acknowledge that certain Defaults and Events of Default under the Loan Agreement have occurred and are continuing as more specifically described in Exhibit A attached hereto (the “Specified Defaults”), as a result of
which the Lenders are not obligated to make further Loans or issue or extend additional Letters of Credit. 
 D. The Borrowers and the
Guarantors have requested that the Agent and the Lenders, upon certain terms and conditions set forth in this Agreement, forbear from exercising their rights and remedies for a limited period expiring on the Termination Date (as defined below)
arising as a result of the occurrence and continuation of the Specified Defaults. 

  
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 E. The Agent and the Lenders are willing to grant such forbearance subject to the terms and
conditions of this Agreement and the other Loan Documents. 
 NOW, THEREFORE, in consideration of the representations, warranties, covenants
and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Definitions. Capitalized terms used and not otherwise defined herein shall have the same meanings as set forth in the Loan
Agreement. In addition, the following terms, for the purposes of this Agreement, shall have the following meanings: 
 “Accrued
Excess Default Amount” has the meaning given to such term in Section 3.5 hereof. 
 “Agent
Counsel” has the meaning given to such term in Section 6.3 hereof. 
 “Budget”
means the weekly cash flow budget separately agreed to by the Parent and the Agent as the “Budget” for purposes hereof, as such budget may be updated by the Parent in accordance with Section 6.1(d) hereof. 

“Effective Date” has the meaning given to such term in Section 4 hereof. 

“Forbearance Fee” has the meaning given to such term in Section 3.8 hereof. 

“Forbearance Period” means the period commencing on the Effective Date and continuing until the Termination Date. 

“FTI” has the meaning given to such term in Section 6.3 hereof. 

“Lender-Related Parties” has the meaning given to such term in Section 10 hereof. 

“Local Counsel” has the meaning given to such term in Section 6.3 hereof. 

“Merger Agreement” means that certain Agreement and Plan of Merger dated as of March 27, 2018, among Primoris, a
subsidiary of Primoris party thereto and the Parent, under which such subsidiary will merge with and into the Parent. 

“Primoris” means Primoris Services Corporation, a Delaware corporation. 

“Termination Date” means 5:00 p.m. (Dallas, Texas time) on the earlier of (i) July 31, 2018 or (ii) the
date on which a Termination Event occurs. 
 “Termination Event” means the occurrence of any of the following:
(i) any representation or warranty made by any Obligor in this Agreement shall be false in any material respect when made, (ii) any Obligor shall fail to perform, observe or comply with any of its covenants and agreements contained in this
Agreement, (iii) any Default or Event of Default, other than the Specified Defaults, shall occur or shall have occurred (provided that in the case of any Default that has not arisen to an Event of Default, the

  
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Agent has given notice to the Parent of its election to designate such Default as a Termination Event), (iv) any Obligor shall (A) commence a voluntary proceeding seeking liquidation,
reorganization, compromise, arrangement, wind-up or dissolution, or other relief with respect to itself or its debts under any bankruptcy, insolvency, corporate, partnership or other similar law now or
hereafter in effect or seeking the appointment of a trustee, interim receiver, receiver, liquidator, custodian, monitor or other similar official of it or a substantial part of its property, (B) consent to any such relief or to the appointment
of or taking possession by any such official in an involuntary case or other proceeding commenced against it, (C) make a general assignment for the benefit of its creditors, (D) generally fail to pay its debts as they become due or become
unable to meet its obligations as they generally become due, or (E) take any action to authorize any of the foregoing, (v) an involuntary proceeding shall be commenced against any Obligor seeking liquidation, reorganization, compromise,
arrangement, wind-up or dissolution, or other relief with respect to it or its debts under any bankruptcy, insolvency, corporate, partnership, or other similar law now or hereafter in effect or seeking the
appointment of a trustee, interim receiver, receiver, liquidator, custodian, monitor or other similar official for it or a substantial part of its property, (vi) the exercise by any creditor or any holder of any Debt of any Obligor (excluding
the Lenders) of any right or remedy to foreclose or take enforcement action against any ABL Facility First Priority Collateral in connection with any default related to liabilities owed to such creditor or to such Debt holder (including any
attachment order or garnishment order on the ABL Facility First Priority Collateral), provided that (x) the amount of such liability or Debt is $1,000,000 or more, individually or when aggregated with other such liabilities or Debts and
(y) the Agent has given notice to the Parent of its election to designate such event as a Termination Event, (vii) the Merger Agreement terminates or is terminated in accordance with its terms, (viii) the occurrence of any
“Triggering Event” under and as defined in the Merger Agreement, (ix) the delivery of a notice of termination of the Merger Agreement by any party thereto, (x) any “Forbearance Termination Event” occurs under and as
defined in the Term Loan Forbearance Agreement, (xi) any Lender (as defined in the Term Loan Credit Agreement) or Secured Party (as defined in the Term Loan Credit Agreement) exercises any remedies under the Term Loan Credit Agreement on
account of the occurrence of an Event of Default (as defined in the Term Loan Credit Agreement), (xii) the failure by the “Initial First-Out Lender” (as defined in the Term Loan Amendment) to fund to
the Parent initial incremental Term Loans in an amount not less than $10,000,000 within three Business Days after the Effective Date, (xiii) the failure by the “Primoris Lenders” (as defined in the Term Loan Credit Agreement) to fund
to the Parent “Additional First-Out Loans” (as defined in the Term Loan Credit Agreement) requested by the Parent as described in Section 8(b) hereof within five Business
Days following request therefor, or (xiv) any failure of any Obligor to pay payroll or failure to pay or deposit related federal or state payroll tax payments when due in accordance with applicable law (unless, in the case of such tax payments,
such amounts are de minimus and being Properly Contested) provided that the Agent has given notice to the Parent of its election to designate such event as a Termination Event. 

“Term Loan Amendment” has the meaning given to such term in Section 4.4 hereof. 

  
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 “Term Loan Forbearance Agreement” means that certain Forbearance
Agreement dated as of March 27, 2018, related to the Term Loan Credit Agreement. 
 2. Forbearance. Each Obligor
specifically acknowledges the existence and continuation of the Specified Defaults. In reliance on the representations, warranties, covenants and agreements contained in this Agreement, and subject to the satisfaction of each condition precedent set
forth in Section 4 hereof but only so long as no Termination Event shall have occurred and except as permitted by this Agreement, the Agent, the Lenders and the Issuing Banks hereby agree to forbear during the Forbearance
Period from exercising their rights and remedies under the Loan Documents (including any right under Section 2.2.3 or 2.3.3 of the Loan Agreement, any right of setoff (excluding the Agent’s right to charge on
account under Section 4.1.1(b) of the Loan Agreement, it being understood and agreed that any deemed making of any representations and warranties by the Borrowers on account of such charge shall, if such representations and
warranties are not true and correct, for all purposes hereof be treated as a Specified Default) and any right under a power of attorney granted pursuant to Section 8.5(b) of the Loan Agreement) and applicable law arising as
a result of the occurrence or continuance of any of the Specified Defaults. Notwithstanding the foregoing, the forbearance granted by the Agent, the Lenders and the Issuing Banks shall not constitute and shall not be deemed to constitute a waiver of
any of the Specified Defaults or of any other Default or Event of Default under the Loan Documents. On and after the Termination Date, the Agent’s, the Lenders’ and the Issuing Banks’ agreement hereunder to forbear shall terminate
automatically without further act or action by the Agent, any Lender or any Issuing Bank, and the Agent, the Lenders and the Issuing Banks shall be entitled to exercise any and all rights and remedies available to them under this Agreement and the
other Loan Documents, at law, in equity or otherwise without any further lapse of time, expiration of applicable grace periods or requirements of notice, all of which are hereby expressly waived by each Obligor. For the avoidance of doubt,
(i) an exercise of cash dominion rights, when applicable, shall not be subject to forbearance (other than implementing cash dominion solely as a result of the Specified Defaults), (ii) the foregoing forbearance shall not prohibit the Agent from
delivering notices relating to the Borrowing Base or notices of Default, Event of Default or a Termination Event, (iii) any Overadvance that occurs under Section 2.1.5 of the Loan Agreement shall not be subject to
forbearance, and (iv) the foregoing forbearance shall not limit or prohibit the Agent from making Protective Advances in its discretion pursuant to Section 2.1.6 of the Loan Agreement (it being understood and agreed
that any deemed making of any representations and warranties by the Borrowers on account of any such making of Protective Advances shall, if such representations and warranties are not true and correct, for all purposes hereof be treated as a
Specified Default). 
 3. Commitments; Loans; Interest; Borrowing Base. 

3.1. No Additional Loans. During the Forbearance Period, the Borrowers may not request or obtain any additional Loans.
Notwithstanding the foregoing, the Agent may make Protective Advances, reimburse Letter of Credit disbursements and pay other Obligations coming due (including costs and expenses under this Agreement) by causing additional Loans to be disbursed
therefor, including in accordance with Sections 2.1.6, 2.2.2, 2.3.2 and 4.1.1 of the Loan Agreement. 

  
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 3.2. Concerning Letters of Credit. During the Forbearance Period, the Borrowers may
not request or obtain any new or increased Letters of Credit or extensions of existing Letters of Credit, provided, that on and after the Effective Date and so long as the Termination Date has not occurred, (a) the Borrowers may request
extensions of existing Letters of Credit so as to extend the expiry date of such existing Letters of Credit to July 31, 2018, but not later than such date, (b) each Issuing Bank that is an issuer of any existing Letter of Credit agrees,
upon such request by the Borrowers and only during the Forbearance Period, to extend the expiry thereof to July 31, 2018, but not later than such date (it being understood and agreed that any making or deemed making of any representations and
warranties by the Borrowers on account of such extension shall, if such representations and warranties are not true and correct, for all purposes hereof be treated as a Specified Default), and (c) with respect to any Letters of Credit
containing automatic renewal or “evergreen” provisions, the Issuing Bank that is the issuer thereof may issue non-renewal notices in accordance with the terms thereof and in a manner consistent with
such Issuing Bank’s customary procedure (taking into account any extension of the expiry date of the applicable Letter of Credit as set forth above). 

3.3. Commitment Reduction. As of the Effective Date, (a) the U.S. Revolver Commitment of each U.S. Lender will be reduced
to the amount set forth on Schedule 1.1(a) attached hereto, (b) the Canadian Revolver Commitment of each Canadian Lender will be reduced to the amount set forth on Schedule 1.1(b) attached hereto, and (c) the Agent and the
Lenders shall make such other adjustments as the Agent shall reasonably specify to be necessary to effectuate the intent and purposes contemplated by this Section 3.3. After giving effect to the foregoing reductions, the
aggregate Commitments are $90,000,000, of which $80,000,000 are U.S. Revolver Commitments and $10,000,000 are Canadian Revolver Commitments. 

3.4. Letters of Credit Draws. To the extent that an Issuing Bank honors any request for payment under a Letter of Credit, the
Agent may, or if directed by the Required Lenders, will, without the consent of the Borrower Agent or any Obligor, reimburse such Issuing Bank for the amount disbursed pursuant to such Letter of Credit from funds held as Eligible Pledged Cash, it
being understood that such reimbursement shall, to the extent of the amount thereof, satisfy and discharge the obligations of the Borrowers under the Loan Agreement with respect to such disbursement. 

3.5. No Interest Period Loans; Default Interest. During the Forbearance Period, no Loan will be made, converted or continued as
a LIBOR Loan or Canadian BA Rate Loan. Commencing on the Effective Date, (a) the Obligations which would otherwise accrue interest pursuant to Section 3.1.1(a) of the Loan Agreement shall accrue interest at the Default
Rate and (b) fees payable in respect of Letters of Credit under Section 3.2.2(a)(i) and 3.2.2(b)(i) of the Loan Agreement shall be increased by 2.00% per annum above the rate otherwise applicable thereto in
accordance with such Section (the additional amounts accruing pursuant to clauses (a) and (b) above that exceeds the interest or fee rate otherwise applicable thereto being collectively referred to as the “Accrued Excess Default
Amount”); provided, that the Accrued Excess Default Amount will not be due and payable until the Termination Date and will be automatically waived if Full Payment of the Obligations (other than the Accrued Excess Default Amount
and the Forbearance Fee (as defined below)) occurs on or before the Termination Date. For the avoidance of doubt, (i) during the Forbearance Period, interest on the Loans shall continue to be paid in cash at the Base Rate (or Canadian Prime
Rate, as applicable) plus the 

  
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Applicable Margin and in accordance with Section 3.1.1(c) of the Loan Agreement and Letter of Credit fees shall continue to be paid in cash at the Applicable Margin for
LIBOR Loans (or Canadian BA Rate Loans, as applicable) and in accordance with Section 3.2.2 of the Loan Agreement, respectively, and (ii) (A) failure by the Borrowers to make Full Payment of the Obligations (other than
the Accrued Excess Default Amount and the Forbearance Fee) on or before the Termination Date or (B) the occurrence of a Termination Event shall cause the Accrued Excess Default Amount to become immediately due and payable. 

3.6. Certain Borrowing Base Matters. 

(a) During the Forbearance Period, the Agent (at the direction of the Required Lenders) and the Required Lenders agree that the Agent will not
(a) use its discretion under Section 8.1(ii) of the Loan Agreement to lower any advance rates set forth in the definitions of U.S. Borrowing Base or Canadian Borrowing Base as of the Effective Date, (b) implement
any new discretionary category of Availability Reserves that is not in effect on the Effective Date pursuant to Agent’s authority under clause (g) of the definition of U.S. Availability Reserve or clause (e) of the
definition of Canadian Availability Reserve set forth in the Loan Agreement or (c) implement any discretionary exclusion from eligibility under clause (r) of the definition of U.S. Eligible Accounts or clause (r) of the
definition of Canadian Eligible Accounts (or any discretionary exclusion under any other clause of such definitions); provided, that the Agent may, and the foregoing limitations are without prejudice to the Agent’s rights to, make adjustments
to the amounts of ineligibles and to amounts reserved under categories of Availability Reserves in existence on the Effective Date. 
 (b)
During the Forbearance Period (beginning April 4, 2018), the Borrower Agent shall deliver to the Agent by each Wednesday of each calendar week a Borrowing Base Certificate as of the end of the previous calendar week setting forth a roll forward
of Accounts (billed and unbilled) from the most recently delivered Borrowing Base Certificate (but without adjustment to ineligibles and Availability Reserves). In addition, the Borrower Agent shall continue to deliver a full monthly Borrowing Base
Certificate with all related reporting in accordance with Section 8.1 of the Loan Agreement. 
 3.7. Trigger
Period. During the Forbearance Period, the following terms defined in Section 1.1 of the Loan Agreement shall be modified in full as follows: 

(a) Cash Dominion Event: the occurrence of any one of the following events: (i) Excess Availability shall be less than $10,000,000
at any time; or (ii) (A) an Event of Default under Section 11.1.1 or 11.1.5 shall have occurred and be continuing or (B) any Event of Default, other than the Specified Defaults, shall have occurred and be
continuing and the Agent shall have determined, in its sole discretion or at the direction of the Required Lenders (by written notice to Borrower Agent), to effect a Cash Dominion Event as a result of such Event of Default; provided that,
notwithstanding anything herein to the contrary, if a Cash Dominion Event occurs, it shall be deemed to continue until Full Payment of the Obligations. 

(b) Trigger Period: the period (i) commencing on the day that Excess Availability is less than $10,000,000 at any time; and
(ii) continuing until, during each of the preceding 45 consecutive days, Excess Availability has been higher than $10,000,000 at all times. 

  
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 3.8. Forbearance Fee. The Agent shall be entitled to receive, for the ratable
benefit of the Lenders party hereto, a forbearance fee of $200,000 (the “Forbearance Fee”), which shall be fully earned on the Effective Date but will not be due and payable until the Termination Date; provided, that
the Forbearance Fee will be automatically waived if Full Payment of the Obligations (other than the Accrued Excess Default Amount and the Forbearance Fee) occurs on or before the Termination Date. 

4. Conditions Precedent. This Agreement shall be effective on the date that each condition precedent set forth in this
Section 4 is satisfied (the “Effective Date”): 
 4.1. Signed Agreement. The
Agent shall have received counterparts of this Agreement duly executed by the Agent, the Obligors, the Issuing Banks and the Required Lenders. 

4.2. Expenses. The Agent and related advisors shall have received payment of all accrued costs and expenses (including the legal
fees of Vinson & Elkins LLP and Norton Rose Fulbright Canada LLP and consulting fees of FTI (as defined below)) for which invoices have been submitted on or prior to the Effective Date. 

4.3. Merger Agreement. The Merger Agreement, which shall be in form and substance satisfactory to the Agent, shall have been
executed by the parties thereto, and shall have become effective, substantially concurrently with the effectiveness of this Agreement, and, substantially concurrently with the effectiveness of this Agreement, the Agent shall receive a fully-executed
copy thereof. 
 4.4. Term Loan Documents. (a) The Term Loan Forbearance Agreement and (b) an amendment to the Term
Loan Credit Agreement reflecting $10,000,000 of incremental commitments thereunder and up to an additional $10,000,000 of discretionary incremental funding thereunder (the “Term Loan Amendment”), each in form and substance
satisfactory to the Agent, shall have been executed by the parties thereto, and shall have become effective, in each case, substantially concurrently with the effectiveness of this Agreement, and, substantially concurrently with the effectiveness of
this Agreement, the Agent shall receive fully-executed copies thereof. 
 4.5. Other Documentation. The Agent shall have
received such other documents, instruments and agreements as it may reasonably request, all in form and substance reasonably satisfactory to the Agent. 

Upon the satisfaction of the foregoing conditions, the Agent shall advise the other parties hereto in writing of the occurrence of the
Effective Date. 
 5. Representations and Warranties. To induce the Agent and the Lenders to enter into this Agreement, each
Obligor hereby represents and warrants as of the Effective Date as follows: 

  
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 5.1. Duly Organized. Each Obligor is duly organized, validly existing and (to the
extent the concept is applicable in such jurisdiction) in good standing under the laws of the jurisdiction of its incorporation or formation and has the requisite organizational power and authority to perform its obligations under this Agreement and
the other Loan Documents to which it is a party. 
 5.2. Authority. The execution, delivery and performance by each Obligor of
this Agreement are within such Obligor’s corporate or company powers, have been duly authorized by all necessary corporate or company action, require no action by or in respect of, or filing with, any governmental body, agency or official
(other than notices to or filings with the SEC that may be required in the Ordinary Course of Business from time to time) and do not violate or constitute a default under any provision of applicable law or any material agreement binding upon any
Obligor or result in the creation or imposition of any Lien upon any of the assets of any Obligor (other than any Lien created under the Loan Documents and Liens created under the Term Loan Documents). Pursuant to such corporate or company powers,
this Agreement has been duly executed and delivered by each Obligor party hereto. 
 5.3. Validity and Enforceability. This
Agreement constitutes the valid and binding obligation of each Obligor enforceable in accordance with its terms, except as the enforceability thereof may be limited by any applicable Debtor Relief Laws or general principles of equity. 

5.4. No Defenses. No Obligor has any defenses to payment, counterclaims, or rights of setoff or recoupment with respect to any
Obligations applicable to such Obligor owing to the Agent or any Lender as of the Effective Date, including, without limitation, the Loans. 

5.5. No Other Defaults. Except for the Specified Defaults, no other Default or Event of Default has occurred and is continuing.
Without taking into effect the terms, conditions, and agreements set forth in this Agreement, the Agent has the right to, in its sole and absolute discretion or at the direction of the Required Lenders, declare the unpaid principal amount of all
outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable under the Loan Agreement and under any other Loan Document to be immediately due and payable (including Cash Collateralizing Letters of Credit). All
advances, credit extensions, and transfers after the Effective Date pursuant to this Agreement and the Loan Agreement, if any, are intended to be, and are, exchanged contemporaneously for new value provided to the related Obligors, and with any and
all relation back rights and privileges of the Agent or the Lenders, as applicable 
 5.6. Principal Balance; Letters of
Credit. As of March 23, 2018, (a) the outstanding principal amount of the Loans was $23,047,918.16 (comprised of $18,100,866.16 in U.S. Revolver Loans and $4,947,052.00 in Canadian Revolver Loans), and (b) the stated amount of
outstanding Letters of Credit were $47,820,670.84 (comprised of $46,246,213.00 in U.S. Letters of Credit and $1,574,457.84 in Canadian Letters of Credit). The foregoing amounts are subject to adjustment based on Canadian Dollar exchange rate
fluctuations. 

  
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 6. Covenants. Each Obligor shall comply with the covenants set forth in this
Section 6 (whether or not a Termination Event occurs) in addition to the covenants in the Loan Agreement and any other Loan Documents. Any failure to comply with any covenant in this Section 6
shall constitute an immediate Event of Default under the Loan Agreement without any further notice or grace period therefor. 
 6.1.
Budget Compliance. 
 (a) From and after the Effective Date, the Obligors shall not make any operating cash disbursements
(i) at any time, that are not of the type included in the Budget, (ii) starting the second week of the budget period covered by the Budget, with respect to payroll in amounts exceeding the projected cumulative payroll disbursements through
such period as set forth in the Budget by more than 20% for the first two weeks, 15% for the first three weeks, 10% for the first four weeks and 10% thereafter on a weekly basis for each trailing four-week period (i.e., weeks 2-5, 3-6, 4-7, etc.) and (iii) starting the second week of the budget period covered by the Budget, with respect to all other
operating cash disbursements combined (other than, for the avoidance of doubt, payroll), in amounts exceeding the aggregate amount of the projected cumulative cash disbursements through such period as set forth in the Budget by more than 20% for the
first two weeks, 15% for the first three weeks, 10% for the first four weeks and 10% thereafter on a weekly basis for each trailing four-week period (i.e., weeks 2-5,
3-6, 4-7, etc.). 
 (b) Starting with the second week of the
budget period covered by the Budget, the Obligors shall cause cumulative customer cash receipts through such period to have a negative variance not greater than 25% for the first two weeks, 20% for the first three weeks, 15% for the first four weeks
and 15% thereafter on a weekly basis for each trailing four-week period (i.e., weeks 2-5, 3-6, 4-7, etc.), in each case, compared
to the projected cumulative customer cash receipts through such period as set forth in the Budget. 
 (c) On Wednesday of each week, the
Parent shall deliver to the Agent (i) a report detailing the Obligors’ receipts and disbursements for the previous calendar week and a comparison to the amounts set forth in the Budget therefor for such week (on an aggregate and a line
item by line item basis in the case of disbursements), and (ii) updates to the weekly cash flows set forth in the Budget, which updates (but not, for the avoidance of doubt, the updates referred to in clause (d) below), for purposes
of this Section 6.1, shall not supersede the initial Budget unless otherwise consented to by the Agent and the Required Lenders. 

(d) Not more often than once at the end of each four-week period, the Parent may deliver to the Agent an updated forecast of the weekly cash
flows (which shall be in the form substantially identical to the initial Budget), which updated forecast shall, upon the delivery thereof, constitute the Budget for all purposes hereof. 

  
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 6.2. Merger. 

(a) The following events (each a “Milestone”) shall occur no later than the date appearing adjacent to such Milestone:

  

			
	 Milestone
  
	  	 Milestone Date
  

	 Parent Files Preliminary Proxy Statement with SEC
  
	  	 April 16, 2018
  

	 Parent Mails Definitive Proxy Statement to Stockholders following SEC review

 
	  	 June 15, 2018
  

	 Parent Holds Stockholders Meeting
  
	  	 July 20, 2018
  

 Notwithstanding the foregoing, the Agent may, in its discretion, agree to extend any of the foregoing Milestone Dates by five
Business Days following request by the Parent based on regulatory or other matters and demonstrating in good faith a reasonable need therefor. 

(b) No Obligor shall enter into or permit any amendment, supplement or other modification to the Merger Agreement that is adverse to the
interests of the Lenders unless otherwise consented to by the Agent. 
 (c) Upon consummation of the merger contemplated by the Merger
Agreement, the Commitments shall automatically terminate, all Obligations shall become immediately due and payable, and the Obligors shall cause Full Payment therefor (other than the Accrued Excess Default Amount and the Forbearance Fee to the
extent the merger is consummated prior to a Termination Event) to occur (provided, that those provisions which survive Full Payment of the Obligations as set forth in Section 4.6 of the Loan Agreement shall so survive).
Notwithstanding the proviso to the fourth sentence of Section 2.1.4 of the Loan Agreement which permits a notice of termination of the Commitments to be conditioned on the effectiveness of other credit facilities, the Agent
and the Required Lenders agree that the Borrowers may also deliver any such notice conditioned on consummation of the merger contemplated by the Merger Agreement. 

6.3. Access; Cooperation. The Agent and related representatives and consultants shall have reasonable access to the
Obligors’ business premises and to the Collateral to review, audit, appraise and evaluate the Collateral and to inspect the financial records and other records of the Obligors concerning the operation of their businesses, their financial
condition, the transfers and expenditures of funds generated therefrom, the accrual of expenses relating thereto, and any and all other records relating to the Collateral, the Borrowing Base or the operations of any of the Obligors. Each Obligor
will fully cooperate with the Agent and related representatives and consultants (including Agent Counsel, Local Counsel and FTI (each as defined below)) regarding such reviews, audits, evaluations and inspections, and the Obligors shall make their
employees, consultants and professionals reasonably available to the Agent and related representatives and consultants in conducting such reviews, evaluations and inspections. Obligors acknowledge that Vinson & Elkins LLP has been engaged
as Agent’s U.S. legal counsel (“Agent Counsel”), Norton Rose Fulbright Canada LLP has been engaged as Agent’s Canadian counsel (“Local Counsel”) and FTI Consulting, Inc.
(“FTI”) has been engaged as Agent Counsel’s consultant and agree to pay all fees, costs and expenses of Agent Counsel, Local Counsel and FTI upon submission of invoices therefor (which amounts shall also constitute
Obligations secured by the Collateral). 

  
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 6.4. Further Information. In addition to any notices or information required to be
given under the Loan Documents, each Obligor will provide the Agent with (a) notice immediately upon the occurrence of any Termination Event, (b) notice immediately of any notice received of a “Forbearance Termination Event”
under the Term Loan Forbearance Agreement, (c) copies of any notices under or amendments to the Merger Agreement, promptly following delivery thereof, (d) on each Business Day (beginning on the fifth Business Day following the Effective
Date), a daily summary cash activity report in respect of the preceding Business Day detailing (i) the beginning cash balance, (ii) total cash receipts, (iii) total cash disbursements, and (iv) ending cash balance, in each case
for such preceding Business Day, and (e) with such other information as may be reasonably requested by the Agent from time to time, promptly upon such request, including, without limitation (i) copies of any bank or other financial
institution statements, (ii) accounts receivable and accounts payable agings, (iii) transactional documentation, including, without limitation, letters of intent or offers to purchase, lease or license any portion, all, or substantially
all of the assets or ownership interests of the Obligors, and letters of intent or commitments for any capital investment, loan or other financing in or to the Borrowers, and (iv) litigation pleadings, depositions, related documents and
transcripts. 
 6.5. Post-Closing Covenant. Within 10 Business Days of the Effective Date, the Agent shall have received such
documentation requested by it related to certain Subsidiaries in Canada, including, but not limited to, a joinder and acknowledgement agreement, organizational documents, and tax information. 

7. Preservation of Collateral. Each Obligor shall maintain the Liens and security interests in the Collateral created by the
Loan Documents as first priority (subject to the Intercreditor Agreement), perfected Liens and security interests and shall defend such Liens and security interests against the claims and demands of all Persons whomsoever except for Permitted Liens.
At any time and from time to time, upon the request of the Agent, and at the sole expense of the Obligors, the Obligors will promptly and duly give, execute, deliver, indorse, file or record any and all amendments, notices (including, without
limitation, notifications to financial institutions and any other Person), contracts, agreements, assignments, certificates, stock powers or other instruments, obtain any and all governmental approvals and consents and take or cause to be taken any
and all steps or acts that may be necessary or advisable or as the Agent may reasonably request to create, perfect, establish the priority of, or to preserve the validity, perfection or priority of, the Liens granted by the Loan Documents or to
enable the Agent to enforce its rights, remedies, powers and privileges under the Loan Documents with respect to such Liens or to otherwise obtain or preserve the full benefits of the Loan Documents and the rights, powers and privileges therein
granted. 
 8. Term Loan Amendment. (a) The Agent, the Issuing Banks and the Lenders hereby acknowledge and agree that
the terms of the Term Loan Amendment and the Term Loan Forbearance Agreement (each, as in effect on the date hereof) are permitted under Section 10.2.15(d) of the Loan Agreement. 

(b) The Agent, at the direction of the Required Lenders, hereby acknowledges and agrees that the $20,000,000 of incremental Term Loans
provided or to be provided under the Term Loan Amendment (as in effect on the date hereof) constitute Term Loan Obligations for purposes of the Intercreditor Agreement and are not Term Loan Excess Amount (as defined

  
 11 

 
therein). The Parent hereby agrees to timely request any “Additional First-Out Loans” (as defined in the Term Loan Credit Agreement) to meet its
and its Subsidiaries’ cash flow needs during the Forbearance Period (it being understood that the funding of such Additional First-Out Loans is subject to the discretion of the Primoris Lenders (as
defined in the Term Loan Credit Agreement)). The Parent hereby further agrees to timely submit a written request to the Primoris Lenders for such Additional First-Out Loans in an amount not less than is
required to remedy any cash deficiency indicated in the most recent cash flow forecast delivered by the Parent to the Agent in accordance with Section 6.1(c) or (d) hereof. 

9. Ratification of Loan Documents and Collateral. Except as modified by this Agreement, each Obligor hereby acknowledges,
ratifies, reaffirms and agrees that each of the Loan Documents to which it is a party and the first priority (subject to the Intercreditor Agreement), perfected Liens and security interests created thereby in favor of the Agent, for the benefit of
the Secured Parties, in the Collateral, are and will remain in full force and effect and binding on such Obligor, and are enforceable in accordance with their respective terms and applicable law. Each Obligor hereby grants to the Agent, for the
benefit of the Secured Parties, or confirms that the Agent already possesses, Liens and security interests in the Collateral, as security for all of the Obligations (in the case of the U.S. Facility Obligors) or Canadian Facility Obligations (in the
case of the Canadian Facility Obligors). In addition, each Obligor hereby agrees and confirms that the Agent, as a depository bank, has control over all Deposit Accounts of the Obligors and the contents thereof that are maintained with it. By its
execution hereof and thereof, each Obligor (in its individual capacity and in its capacity as member, shareholder or partner of each other Obligor, as applicable) acknowledges, ratifies and reaffirms all of the terms and provisions of the Loan
Documents and the enforceability thereof against it, which terms and provisions, except as modified herein, are incorporated by reference as of the Effective Date as if set forth herein including, without limitation, all promises, agreements,
warranties, representations, covenants, releases, and indemnifications contained therein. Without limitation of the foregoing, each Borrower hereby acknowledges, ratifies and confirms the Loan Agreement and all of its debts and obligations to the
Agent and the Lenders thereunder; each U.S. Domiciled Obligor hereby acknowledges, ratifies and confirms its guaranty of the Obligations under the Loan Agreement and all of its debts and obligations to the Agent and the Lenders thereunder; and each
Canadian Domiciled Obligor hereby acknowledges, ratifies and confirms its guaranty of the Canadian Facility Obligations under the Loan Agreement and all of its debts and obligations to the Agent and the Lenders thereunder. 

10. NO CLAIMS; RELEASE. EACH OBLIGOR (IN ITS OWN RIGHT AND ON BEHALF OF ITS PREDECESSORS, SUCCESSORS, LEGAL REPRESENTATIVES
AND ASSIGNS) HEREBY EXPRESSLY AND UNCONDITIONALLY ACKNOWLEDGES AND AGREES THAT, AS OF THE DATE HEREOF, IT HAS NO SETOFFS, COUNTERCLAIMS, ADJUSTMENTS, RECOUPMENTS, DEFENSES, CLAIMS, CAUSES OF ACTION, ACTIONS OR DAMAGES OF ANY CHARACTER OR NATURE,
WHETHER CONTINGENT, NONCONTINGENT, LIQUIDATED, UNLIQUIDATED, FIXED, MATURED, UNMATURED, DISPUTED, UNDISPUTED, LEGAL, EQUITABLE, SECURED OR UNSECURED, KNOWN OR UNKNOWN, ACTUAL OR PUNITIVE, FORESEEN OR UNFORESEEN, DIRECT, OR INDIRECT, AGAINST AGENT,
ANY LENDER, ANY ISSUING BANK, ANY OF THEIR AFFILIATES OR ANY OF THEIR OFFICERS, DIRECTORS, AGENTS, EMPLOYEES,  

  
 12 

 
ATTORNEYS, CONSULTANTS TO ATTORNEYS OR REPRESENTATIVES OR ANY OF THEIR RESPECTIVE PREDECESSORS, SUCCESSORS OR ASSIGNS (COLLECTIVELY, THE “LENDER-RELATED
PARTIES”) OR ANY GROUNDS OR CAUSE FOR REDUCTION, MODIFICATION, SET ASIDE OR SUBORDINATION OF THE OBLIGATIONS OR ANY LIENS OR SECURITY INTERESTS OF AGENT. IN PARTIAL CONSIDERATION FOR THE AGREEMENT OF THE AGENT, THE LENDERS AND THE
ISSUING BANKS TO ENTER INTO THIS AGREEMENT, EACH OBLIGOR HEREBY KNOWINGLY AND UNCONDITIONALLY WAIVES AND FULLY AND FINALLY RELEASES AND FOREVER DISCHARGES THE LENDER-RELATED PARTIES FROM, AND COVENANTS NOT TO SUE THE LENDER-RELATED PARTIES FOR, ANY
AND ALL SETOFFS, COUNTERCLAIMS, ADJUSTMENTS, RECOUPMENTS, CLAIMS, CAUSES OF ACTION, ACTIONS, GROUNDS, CAUSES, DAMAGES, COSTS AND EXPENSES OF EVERY NATURE AND CHARACTER, WHETHER CONTINGENT, NONCONTINGENT, LIQUIDATED, UNLIQUIDATED, FIXED, MATURED,
UNMATURED, DISPUTED, UNDISPUTED, LEGAL, EQUITABLE, SECURED OR UNSECURED, KNOWN OR UNKNOWN, ACTUAL OR PUNITIVE, FORESEEN OR UNFORESEEN, DIRECT OR INDIRECT, ARISING OUT OF OR FROM OR RELATED TO ANY OF THE LOAN DOCUMENTS, WHICH ANY OBLIGOR OWNS AND
HOLDS AS OF THE DATE HEREOF, OR HAS AT ANY TIME PRIOR TO THE DATE HEREOF OWNED OR HELD, SUCH WAIVER, RELEASE AND DISCHARGE BEING MADE WITH FULL KNOWLEDGE AND UNDERSTANDING OF THE CIRCUMSTANCES AND EFFECTS OF SUCH WAIVER, RELEASE AND DISCHARGE AND
AFTER HAVING CONSULTED LEGAL COUNSEL OF ITS OWN CHOOSING WITH RESPECT THERETO. THIS SECTION IS IN ADDITION TO ANY OTHER RELEASE OF ANY OF THE LENDER-RELATED PARTIES BY ANY OBLIGOR AND SHALL NOT IN ANY WAY LIMIT ANY OTHER RELEASE, COVENANT NOT TO
SUE, OR WAIVER BY ANY OBLIGOR IN FAVOR OF ANY OF THE LENDER-RELATED PARTIES. 
 11. No Obligation. Each Obligor hereby
acknowledges and understands that upon the expiration or earlier termination of the Forbearance Period, if the Specified Defaults have not been waived by written agreement in accordance with the Loan Agreement, or if there shall at any time exist
any other Default or Event of Default, then the Agent, the Lenders and the Issuing Banks shall have the right to proceed to exercise any or all available rights and remedies, which may include foreclosure on the Collateral and/or institution of
legal proceedings. The Agent, the Lenders and the Issuing Banks shall have no obligation whatsoever to extend the maturity of the Obligations, waive any Default or Event of Default, defer any payments, or further forbear from exercising their rights
and remedies. 
 12. No Implied Waivers. No failure or delay on the part of the Agent, any Lender or any Issuing Bank in
exercising, and no course of dealing with respect to, any right, power or privilege under this Agreement, the Loan Agreement or any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power
or privilege under this Agreement, the Loan Agreement or any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, power or privilege. 

  
 13 

 13. INDEMNIFICATION. IN ADDITION TO, AND WITHOUT LIMITATION OF, ANY AND ALL
INDEMNITIES PROVIDED IN THE OTHER LOAN DOCUMENTS, EACH OBLIGOR SHALL AND DOES HEREBY, JOINTLY AND SEVERALLY, INDEMNIFY AND HOLD EACH OF THE LENDER-RELATED PARTIES HARMLESS FROM AND AGAINST ANY AND ALL CLAIMS, LIABILITY, LOSSES, DAMAGES, CAUSES OF
ACTION, SUITS, JUDGMENTS, COSTS, AND EXPENSES, INCLUDING, WITHOUT LIMITATION, ATTORNEYS’ FEES, ARISING OUT OF OR FROM OR RELATED TO ANY OF THE LOAN DOCUMENTS, IN EACH CASE INCLUDING THE LOSSES ARISING FROM THE SOLE OR THE CONTRIBUTORY
NEGLIGENCE OF ANY LENDER-RELATED PARTY; PROVIDED, THAT SUCH INDEMNITIES SHALL NOT, AS TO ANY LENDER-RELATED PARTY, BE AVAILABLE TO THE EXTENT THAT SUCH CLAIMS, LIABILITIES, LOSSES, DAMAGES, CAUSES OF ACTION, SUITS, JUDGMENTS, COSTS, AND
EXPENSES ARE DETERMINED BY A COURT OF COMPETENT JURISDICTION IN A FINAL AND NONAPPEALABLE JUDGMENT TO HAVE RESULTED FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY LENDER-RELATED PARTY. THIS SECTION SHALL REMAIN IN FULL FORCE AND EFFECT AND
SHALL SURVIVE ANY DELIVERY AND PAYMENT ON THE OBLIGATIONS OR TERMINATION OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS. 
 14.
Survival of Representations and Warranties. All representations and warranties made in this Agreement or any other Loan Document will survive the execution and delivery of this Agreement, and no investigation by the Agent, any Lender
or any Issuing Bank or any closing will affect the representations and warranties or the right of the Agent, the Lenders and the Issuing Banks to rely upon them. 

15. Review and Construction of Documents. Each Obligor hereby acknowledges, and represents and warrants to the Agent, the
Lenders and the Issuing Banks that, such Obligor has (a) had the opportunity to consult with legal counsel of its own choice and has been afforded an opportunity to review this Agreement with its legal counsel, (b) reviewed this Agreement
and fully understands the effects thereof and all terms and provisions contained herein, and (c) executed this Agreement of its own free will and volition. The recitals contained in this Agreement shall be construed to be part of the operative
terms and provisions of this Agreement. 
 16. ENTIRE AGREEMENT; AMENDMENT. THIS AGREEMENT AND THE LOAN DOCUMENTS AS
INCORPORATED HEREIN EMBODY THE FINAL, ENTIRE AGREEMENT BETWEEN THE PARTIES HERETO REGARDING THE MATTERS CONTAINED HEREIN, INCLUDING THE AGENT’S, THE LENDERS’ AND THE ISSUING BANKS’ FORBEARANCE WITH RESPECT TO THEIR RIGHTS AND REMEDIES
ARISING AS A RESULT OF THE SPECIFIED DEFAULTS, AND SUPERSEDES ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED OR VARIED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO ORAL AGREEMENTS AMONG THE PARTIES HERETO. The provisions of this Agreement may be amended or waived only by an instrument in writing
signed by the Obligors, the Agent, the Issuing Banks and the Required Lenders. The Loan Documents, as modified by this Agreement, continue to evidence the agreement of the parties with respect to the subject matter thereof. 

  
 14 

 17. Fees and Expenses. The Borrowers shall pay all fees and expenses incurred by
the Agent, including Agent Counsel, Local Counsel and FTI, in connection with the preparation, negotiation and execution of this Agreement. 

18. Notices. All notices, requests, demands and other communications under this Agreement will be given in accordance with the
provisions of the Loan Agreement, provided that, if to Bank of America, as Agent, Lender or Issuing Bank, at the following address: 

Bank of America, N.A. 

901 Main Street, 11th Floor 

TX1-492-11-23

 Dallas, Texas 75202 

Attn: Terrance O. McKinney 

Telecopy: 214-209-4766 

E-mail: terry.mckinney@baml.com 

With a copy to: 

Vinson & Elkins L.L.P. 

Trammell Crow Center 

2001 Ross Avenue, Suite 3700 

Dallas, Texas 75201-2975 

Attn: Tim Johnston 

Telecopy: 214-220-7741 

E-mail: tjohnston@velaw.com 

19. Successors and Assigns. This Agreement will be binding upon, and will inure to the benefit of, the parties hereto and their
respective heirs, legal representatives, successors and assigns, provided that no Obligor may assign any rights or obligations under this Agreement without the prior written consent of the Agent, the Issuing Banks and the Lenders. 

20. Tolling of Statutes of Limitation. The parties hereto agree that all applicable statutes of limitations with respect to the
Loan Documents shall be tolled and not begin running until the Termination Date. 
 21. Other Terms. No act committed or
action taken by the Agent or any Lender under this Agreement or the other Loan Documents will be used, construed, or deemed to hold such person to be in control of any Obligor, or the governance, management or operations of any Obligor for any
purpose, without limitation, or to be participating in the management of any Obligor or acting as a “responsible person” or “owner or operator” or a person in “control,” “possession,” “charge,”
“care,” or “management” with respect to the governance, management or operation of any Obligor or their respective businesses or property (as such terms, or any similar terms, are used in any Debtor Relief Laws, the Code, CERCLA,
or any other environmental protection and safety laws, each as may be amended from time to time, or any other federal or state statute, at law, in equity or otherwise) by virtue of the interests, rights and remedies granted to or conferred upon the
Agent and the Lenders under this Agreement or the other Loan Documents. 

  
 15 

 22. Arms-Length/Good Faith. This Agreement has been negotiated at arms-length and
in good faith by the parties hereto. 
 23. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York and applicable laws of the United States of America. 
 24. Interpretation. Wherever
the context hereof will so require, the singular shall include the plural, the masculine gender shall include the feminine gender and the neuter and vice versa. The headings, captions and arrangements used in this Agreement are for convenience only
and shall not affect the interpretation of this Agreement. 
 25. Severability. In case any one or more of the provisions
contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Agreement shall be construed as
if such invalid, illegal, or unenforceable provision had never been contained herein. 
 26. Counterparts. This Agreement may
be executed and delivered in any number of counterparts, and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which counterparts taken together shall
constitute one and the same instrument; provided, that no party shall be bound by this Agreement until the Obligors, the Agent, the Issuing Banks and the Required Lenders have executed a counterpart hereof. Execution of this Agreement via facsimile
shall be effective, and signatures received via facsimile shall be binding upon the parties hereto and shall be effective as originals. 

27. Further Assurances. Each Obligor agrees to execute, acknowledge, deliver, file and record such further certificates,
instruments and documents, and to do all other acts and things, as may be reasonably requested by the Agent as necessary or advisable to carry out the intents and purposes of this Agreement. 

28. Loan Documents. This Agreement is a Loan Document for all purposes of the Loan Agreement and the other Loan Documents. To
the extent of a conflict or inconsistency between this Agreement and any other of the other Loan Documents, this Agreement shall control. 

29. WAIVER OF JURY TRIAL. EACH OBLIGOR HEREBY WAIVES ITS RIGHT TO A JURY TRIAL WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT
OF ANY DISPUTE IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS, ANY RIGHTS OR OBLIGATIONS HEREUNDER OR THEREUNDER OR THE PERFORMANCE OF SUCH RIGHTS AND OBLIGATIONS. EACH OBLIGOR (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT
OR ATTORNEY OF THE AGENT OR ANY LENDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO 

  
 16 

 
ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT THE AGENT, THE LENDERS AND THE ISSUING BANKS HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE WAIVER AND
CERTIFICATIONS CONTAINED HEREIN. 
 [Signatures Follow] 

  
 17 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective Date.

  

			
	U.S. BORROWERS:
	
	WILLBROS UNITED STATES HOLDINGS, INC., a Delaware corporation
	CHAPMAN CONSTRUCTION CO., L.P., a Texas limited partnership
	CHAPMAN CONSTRUCTION MANAGEMENT CO., INC., a Texas corporation
	CONSTRUCTION TANK SERVICES LLC, a Delaware limited liability company
	WILLBROS UTILITY T&D OF NEW YORK, LLC, a New York limited liability company
	LINEAL INDUSTRIES, INC., a Pennsylvania corporation
	WILLBROS WEST COAST SERVICES, INC., an Oklahoma corporation
	WILLBROS CONSTRUCTION (U.S.), LLC, a Delaware limited liability company
	WILLBROS ENGINEERING & SERVICES, LLC, a Texas limited liability company
	WILLBROS T&D SERVICES, LLC, a Delaware limited liability company
		
	By:	 	/s/ Michael Fournier
	Name:	 	Michael Fournier
	Title:	 	President & Chief Executive Officer

  

			
	CANADIAN BORROWER:
	
	WILLBROS MINE SERVICES, L.P., an Alberta limited partnership, by its General Partner, WILLBROS (CANADA) GP I LIMITED
		
	By:	 	/s/ Michael Fournier
	Name:	 	Michael Fournier
	Title:	 	President & Chief Executive Officer

  
 [SIGNATURE
PAGE TO ABL LIMITED FORBEARANCE AGREEMENT – WILLBROS] 

 
			
	U.S. FACILITY GUARANTORS:
	
	WILLBROS GROUP, INC., a Delaware corporation
	WILLBROS UTILITY T&D HOLDINGS, LLC, a Delaware limited liability company
	WILLBROS UTILITY T&D GROUP COMMON PAYMASTER, LLC, a Delaware limited liability company
		
	By:	 	/s/ Michael Fournier
	Name:	 	Michael Fournier
	Title:	 	President & Chief Executive Officer

  

			
	CANADIAN FACILITY GUARANTORS:
	
	WILLBROS CANADA HOLDINGS ULC, a British Columbia unlimited liability company
	WILLBROS (CANADA) GP I LIMITED, a British Columbia corporation
	WILLBROS (CANADA) GP IV LIMITED, a British Columbia corporation
	WILLBROS (CANADA) GP V LIMITED , a British Columbia corporation 0795781 B.C. LTD., a British Columbia corporation
	P/L EQUIPMENT LP, an Alberta limited partnership, by its General Partner, 
0795781 B.C. LTD.
	WILLBROS FACILITIES & TANKS (CANADA) LP, an Alberta limited partnership, by its General Partner, WILLBROS (CANADA) GP IV LIMITED
	WILLBROS PSS MIDSTREAM (CANADA) LP, an Alberta limited partnership, by its General Partner, WILLBROS (CANADA) GP V LIMITED
		
	By:	 	/s/ Michael Fournier
	Name:	 	Michael Fournier
	Title:	 	President & Chief Executive Officer

  
 [SIGNATURE
PAGE TO ABL LIMITED FORBEARANCE AGREEMENT – WILLBROS] 

 
			
	 AGENT AND LENDERS:

	
	 BANK OF AMERICA, N.A.,

	as Agent, a U.S. Lender, U.S. Swingline Lender, and U.S. Issuing Bank
		
	 By:
	 	 /s/ Terrance O. McKinney_

	 Name:
	 	 Terrance O. McKinney

	 Title:
	 	 Senior Vice President

  
 [SIGNATURE
PAGE TO ABL LIMITED FORBEARANCE AGREEMENT – WILLBROS] 

 
			
	BANK OF AMERICA, N.A. (acting through its Canada branch), as a Canadian Lender, Canadian Swingline Lender and Canadian Issuing Bank
		
	By:	 	/s/ Sylwia Durkiewicz
	Name:	 	Sylwia Durkiewicz
	Title:	 	Vice President

  
 [SIGNATURE
PAGE TO ABL LIMITED FORBEARANCE AGREEMENT – WILLBROS] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a U.S. Lender
		
	By:	 	/s/ Maria Quintanilla
	Name:	 	Maria Quintanilla
	Title:	 	Authorized Signatory

  
 [SIGNATURE
PAGE TO ABL LIMITED FORBEARANCE AGREEMENT – WILLBROS] 

 
			
	WELLS FARGO CAPITAL FINANCE CORPORATION CANADA, as a Canadian Lender

 
			
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 [SIGNATURE
PAGE TO ABL LIMITED FORBEARANCE AGREEMENT – WILLBROS] 

 
			
	 SUNTRUST BANK,

as a U.S. Lender and a Canadian Lender

		
	By:	 	 /s/ Michael Dembski

	 Name:
	 	 Michael Dembski

	 Title:
	 	 Director

  
 [SIGNATURE
PAGE TO ABL LIMITED FORBEARANCE AGREEMENT – WILLBROS] 

 
			
	 CAPITAL ONE BUSINESS CREDIT CORP.,

as a U.S. Lender

 
			
		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  
 [SIGNATURE
PAGE TO ABL LIMITED FORBEARANCE AGREEMENT – WILLBROS] 

 SCHEDULE 1.1(a) 

U.S. REVOLVER COMMITMENTS 
  

			
	 U.S. Lender
	  	U.S. Revolver Commitment
	 Bank of America, N.A.
	  	$28,088,888.89
	 Capital One Business Credit Corp.
	  	$19,911,111.11
	 Wells Fargo Bank, National Association
	  	$18,669,629.33
	 SunTrust Bank
	  	$13,330,370.67
	 Total
	  	$80,000,000.00

  
 Schedule 1.1(a) 

 SCHEDULE 1.1(b) 

CANADIAN REVOLVER COMMITMENTS 
  

			
	 Canadian Lender
	  	Canadian Revolver Commitment
	 Bank of America, N.A. (acting through its Canada branch)
	  	$6,000,000.00
	 Wells Fargo Capital Finance Corporation Canada
	  	$2,330,000.00
	 SunTrust Bank
	  	$1,670,000.00
	 Total
	  	$10,000,000.00

  
 Schedule 1.1(b) 

 EXHIBIT A 

SPECIFIED DEFAULTS 
 1.
Section 10.1.6(a) of the Loan Agreement: Failure to deliver a report and opinion of PricewaterhouseCoopers LLP or another independent registered public accounting firm of recognized national standing within 90 days of the 2017 fiscal year end
that is not subject to any “going concern” or like qualification or exception, which failure constitutes a Default under the Loan Agreement and, insomuch as such condition continues for five days from the date of such Default, will
constitute an Event of Default under Section 11.1.3(b) of the Loan Agreement. For the avoidance of doubt, delivery of such annual financial statements on the deadline therefor is still required (as so qualified) and is not subject to
forbearance or waiver. 
 2. Section 10.1.6(d)(i) of the Loan Agreement: Failure to deliver a certificate of the independent registered public
accounting firm rendering the report in item #1 above stating whether, in connection with their audit examination, any condition or event has come to their attention which would cause them to believe that any Default or Event of Default with respect
to accounting matters existed on the date of such financial statements, which failure constitutes a Default under the Loan Agreement and, insomuch as such condition continues for five days from the date of such Default, will constitute an Event of
Default under Section 11.1.3(b) of the Loan Agreement. 
 3. Section 10.1.6(d)(ii) of the Loan Agreement: Failure to deliver a duly completed
Compliance Certificate concurrently with the delivery of the audited annual financial statements referred to in item #1 above because such Compliance Certificate does not make certain representations below and/or discloses Defaults and Events of
Default, which failure constitutes a Default under the Loan Agreement and, insomuch as such condition continues for five days from the date of such Default, will constitute an Event of Default under Section 11.1.3(b) of the Loan Agreement. For
the avoidance of doubt, delivery of such Compliance Certificate (as so qualified) is still required and is not subject to forbearance or waiver. 
 4(a).
Section 10.1.6(d)(ii) of the Loan Agreement: Failure to timely deliver duly completed Compliance Certificates concurrently with the delivery of monthly financial statements for the months of December 2017, January 2018 and February 2018
required to be delivered under Section 10.1.6(c) of the Loan Agreement because such Compliance Certificates do not make certain representations below and/or disclose Defaults and Events of Default and were not timely delivered in accordance
with Section 10.1.6(d)(ii) of the Loan Agreement, which failure constitutes an Event of Default under Section 11.1.3(b) of the Loan Agreement. For the avoidance of doubt, delivery of such Compliance Certificates (as so qualified) is
required on the Effective Date and is not subject to forbearance or waiver. 
 4(b). Section 10.1.6(d)(ii) of the Loan Agreement: Failure to deliver
duly completed Compliance Certificates concurrently with the delivery of monthly financial statements required to be delivered under Section 10.1.6(c) of the Loan Agreement (commencing with fiscal month ended March 31, 2018) because such
Compliance Certificates do not make certain representations below and/or disclose Defaults and Events of Default, which failure constitutes an Event of Default under Section 11.1.3(b) of the Loan Agreement. For the avoidance of doubt, delivery
of such Compliance Certificates (as so qualified) is still required and is not subject to forbearance or waiver. 

  
 Exhibit A 

 5. Section 10.1.7(a) of the Loan Agreement: Failure to timely deliver written notice to the Agent of the
occurrence of any Default or Event of Default solely with respect to items #1-4 above and items #6-9 below, which failure constitutes and Event of Default under
Section 11.1.3(a) of the Loan Agreement. 
 6. Section 10.1.7(f) of the Loan Agreement: Any failure or potential failure to timely deliver written
notice to the Agent of the occurrence of any development that has resulted in, or could reasonably be expected to result in, a Material Adverse Effect, which failure constitutes, or potential failure would constitute, an Event of Default under
Section 11.1.3(c) of the Loan Agreement. 
 7. Section 11.1.2 of the Loan Agreement: Any Event of Default due to any representation or warranty
made or deemed made by any Obligor in connection with any Loan request, Letter of Credit request, or Compliance Certificate solely pertaining to the representations under Sections 9.1.6(c), 9.1.10 (insofar as it relates to the Specified Defaults) or
9.1.20 that has proven to be incorrect in any material respect when made or deemed made. 
 8. Section 11.1.4(b) of the Loan Agreement: Any Event of
Default resulting from an “Event of Default” under the Term Loan Credit Agreement but solely for which the Term Loan Forbearance Agreement expressly specifies as subject to forbearance and only so long as no “Forbearance Termination
Event” occurs under the Term Loan Forbearance Agreement. 
 9. Section 8.1 of the Loan Agreement: Failure by Borrower Agent to timely deliver to
Agent a Borrowing Base Certificate and the related backup information therefor required under Section 8.1 of the Loan Agreement solely for the month of February 2018, which failure constitutes an Event of Default under Section 11.1.3(a) of
the Loan Agreement. 

  
 Exhibit A

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