AMENDMENT NO. 1 TO CREDIT AGREEMENT
DEFINITIONS
AMENDMENT
| Fiscal Quarter | Minimum Interest Coverage Ratio | |
Fiscal quarters ending December 31, 2010,
March 31, 2011, June 30, 2011, September
30, 2011 and December 31, 2011
|
2.00 to 1.00 | |
Fiscal quarter ending March 31, 2012
|
2.25 to 1.00 |
| Fiscal Quarter | Minimum Interest Coverage Ratio | |
Fiscal quarters ending June 30, 2012,
September 30, 2012, December 31, 2012,
March 31, 2013, June 30, 2013 and
September 30, 2013
|
2.75 to 1.00 | |
Fiscal quarters ending December 31, 2013
and thereafter
|
3.00 to 1.00 |
| Fiscal Quarter | Maximum Total Leverage Ratio | |
Fiscal quarters ending December 31,
2010, March 31, 2011, June 30, 2011
and September 30, 2011
|
5.00 to 1.00 | |
Fiscal quarter ending December 31,
2011
|
4.75 to 1.00 | |
Fiscal quarter ending March 31, 2012
|
3.75 to 1.00 | |
Fiscal quarters ending June 30,
2012 and September 30, 2012
|
3.50 to 1.00 | |
Fiscal quarters ending December 31,
2012, March 31, 2013, June 30, 2013
and September 30, 2013
|
3.25 to 1.00 | |
Fiscal quarter ending December 31,
2013 and thereafter
|
3.00 to 1.00 |
CONDITIONS PRECEDENT
NO WAIVER
ACKNOWLEDGMENTS, RATIFICATIONS AND REPRESENTATIONS AND WARRANTIES
MISCELLANEOUS PROVISIONS
| BORROWER: WILLBROS UNITED STATES HOLDINGS, INC. |
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| By: | /s/ Van ▇. ▇▇▇▇▇ | |||
| Name: | Van ▇. ▇▇▇▇▇ | |||
| Title: | Chief Financial Officer | |||
| GUARANTORS: WILLBROS GROUP, INC. WILLBROS GOVERNMENT SERVICES (U.S.), LLC WILLBROS CONSTRUCTION (U.S.), LLC WILLBROS CONSTRUCTION CALIFORNIA (U.S.), INC. WILLBROS ENERGY SERVICES COMPANY WILLBROS ENGINEERS (U.S.), LLC WILLBROS ENGINEERING CALIFORNIA (U.S.), INC. WILLBROS MIDSTREAM SERVICES (U.S.), LLC WILLBROS PROJECT SERVICES (U.S.), LLC WILLBROS REFINERY AND MAINTENANCE SERVICES (U.S.), LLC WILLBROS DOWNSTREAM, LLC CONSTRUCTION & TURNAROUND SERVICES OF CALIFORNIA, INC. CONSTRUCTION & TURNAROUND SERVICES, L.L.C. WILLBROS DOWNSTREAM OF OKLAHOMA, INC. WINK ENGINEERING, LLC |
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| By: | /s/ Van ▇. ▇▇▇▇▇ | |||
| Name: | Van ▇. ▇▇▇▇▇ | |||
| Title: | Chief Financial Officer | |||
| GUARANTORS: INFRASTRUX GROUP, LLC B&H MAINTENANCE AND CONSTRUCTION, INC. ▇▇▇▇▇▇▇ CONSTRUCTION MANAGEMENT CO., INC. ▇▇▇▇▇▇▇ HOLDING CO., INC. ▇▇▇▇▇▇▇ CONSTRUCTION CO., L.P. INFRASTRUX GROUP COMMON PAYMASTER, LLC INFRASTRUX HAWKEYE HOLDINGS, LLC ▇▇▇▇▇, LLC ▇▇▇▇▇▇ LINE CONSTRUCTION LLC HAWKEYE, LLC PREMIER UTILITY SERVICES, LLC INTERCON CONSTRUCTION, INC. INTERCON CONSTRUCTION TRUCKING, INC. INTERPOWER LINE SERVICES CORPORATION LINEAL INDUSTRIES, INC. SKIBECK PIPELINE COMPANY, INC. SKIBECK PLC, INC. TRAFFORD CORPORATION TEXAS ELECTRIC UTILITY CONSTRUCTION MANAGEMENT, L.L.C. TEXAS ELECTRIC UTILITY CONSTRUCTION, LTD. FLOWERS HOLDING CO., INC. FLOWERS LIMITED PARTNER, INC. FLOWERS MANAGEMENT CO., INC. FLOWERS CONSTRUCTION CO., L.P. UTILX CORPORATION UTILX OVERSEAS HOLDINGS, INC. |
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| By: | /s/ Van ▇. ▇▇▇▇▇ | |||
| Name: | Van ▇. ▇▇▇▇▇ | |||
| Title: | Chief Financial Officer | |||
| CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as Administrative Agent and a Lender |
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| By: | /s/ ▇▇▇ ▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇ ▇▇▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| By: | /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇▇▇▇▇ | |||
| Title: | Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: Natixis | |||||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | ||||
| Title: | Managing Director | ||||
| For any Lender requiring a second signature block: |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, III | ||||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, III | ||||
| Title: | Managing Director | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
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| Name of the Lender: |
Landmark V CDO LTD Landmark VI CDO LTD Landmark VII CDO LTD Landmark VIII CDO LTD Landmark IX CDO LTD Greyrock CDO LTD Aladdin Flexible Investment Fund Series 2007-1 Aladdin Flexible Investment Fund Series 2008-1 |
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| By: | Aladdin Capital Management LLC, as Manager | |||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
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| Name of the Lender: | ABCLO 2007-1, Ltd. |
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| By: | AllianceBernstein L.P. | |||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
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LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT
AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS
UNITED STATES HOLDINGS, INC. |
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| Name of the Lender: |
AllianceBernstein High Income Fund |
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| By: | AllianceBernstein L.P. | |||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT
AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS
UNITED STATES HOLDINGS, INC. |
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| Name of the Lender: |
AllianceBernstein Institutional Investments — High Yield Loan Portfolio (JPY) |
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| By: | AllianceBernstein L.P. | |||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
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LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT
AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS
UNITED STATES HOLDINGS, INC. |
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| Name of the Lender: |
AllianceBernstein Institutional Investments — High Yield Loan Portfolio |
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| By: | AllianceBernstein L.P. | |||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT
AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS
UNITED STATES HOLDINGS, INC. |
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| Name of the Lender: | AMMC CLO III, LIMITED |
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| By: American Money Management Corp., as Collateral Manager |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT
AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS
UNITED STATES HOLDINGS, INC. |
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| Name of the Lender: |
AMMC CLO IV, LIMITED |
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| By: American Money Management Corp., as Collateral Manager |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT
AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS
UNITED STATES HOLDINGS, INC. |
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| Name of the Lender: |
AMMC CLO VI, LIMITED |
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| By: American Money Management Corp., as Collateral Manager |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT
AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS
UNITED STATES HOLDINGS, INC. |
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| Name of the Lender: |
AMMC VII, LIMITED |
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| By: American Money Management Corp., as Collateral Manager |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT
AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS
UNITED STATES HOLDINGS, INC.
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| Name of the Lender: |
AMMC CLO V, LIMITED |
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| By: American Money Management Corp., as Collateral Manager |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | AMMC VIII, LIMITED By: American Money Management Corp., as Collateral Manager |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block:
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Continental Casualty Company |
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| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President and Deputy General Counsel |
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For any Lender requiring a second signature block:
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | The Hartford Mutual Funds, Inc., on behalf of The Hartford Floating Rate Fund By Hartford Investment Management Company, its Sub-advisor |
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | ALZETTE EUROPEAN CLO S.A. By: INVESCO Senior Secured Management, Inc. As Collateral Manager |
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| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | AVALON CAPITAL LTD. 3 By: INVESCO Senior Secured Management, Inc. As Asset Manager |
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| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | BELHURST CLO LTD. | |||
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By: INVESCO Senior Secured Management, Inc. As Collateral Manager |
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| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | CHAMPLAIN CLO, LTD | |||
| By: INVESCO Senior Secured Management, Inc. As Collateral Manager | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Confluent 3 Limited. | |||
| By: Invesco Senior Secured Management, Inc. As Investment Manager | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| By: | ||||
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| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | DIVERSIFIED CREDIT PORTFOLIO LTD. | |||
| By: INVESCO Senior Secured Management, Inc. as Investment Adviser | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
| For any Lender requiring a second
signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | ▇▇▇▇▇▇ CANYON FUNDING II, LTD | |||
| By: INVESCO Senior Secured Management, Inc. As Collateral Manager & Attorney InFact | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| By: | ||||
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| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Invesco Floating Rate Fund | |||
| By: INVESCO Senior Secured Management, Inc. As Sub-Adviser |
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| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Invesco Prime Income Trust | |||
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By: Invesco Senior Secured Management, Inc.
as Sub-Adviser |
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| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| By: | ||||
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| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Invesco ▇▇▇ ▇▇▇▇▇▇ Dynamic Credit Opportunities Fund | |||
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By: Invesco Senior Secured
Management, Inc. as Sub-Adviser |
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| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Invesco ▇▇▇ ▇▇▇▇▇▇ Senior Income Trust | |||
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By: Invesco Senior Secured Management, Inc. as Sub-Adviser |
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| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| By: | ||||
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| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Invesco ▇▇▇ ▇▇▇▇▇▇ Senior Loan Fund | |||
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By: Invesco Senior Secured Management, Inc. as Sub-Adviser |
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| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | LIMEROCK CLO I |
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| By: | INVESCO Senior Secured Management, Inc. | |||
| As Investment Manager | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | MOSELLE CLO S.A. |
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| By: | INVESCO Senior Secured Management, Inc. | |||
| As Collateral Manager | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment
Management Croton, Ltd. |
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| By: | Invesco Senior Secured Management, Inc. As | |||
| Collateral Manager | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| By: | ||||
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| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | MSIM Peconic Bay, Ltd. |
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| By: | Invesco Senior Secured Management, Inc. As | |||
| Collateral Manager | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | NAUTIQUE FUNDING LTD. |
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| By: | INVESCO Senior Secured Management, Inc. | |||
| As Collateral Manager | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Qualcomm Global Trading, Inc. By: Invesco Senior Secured Management, Inc. As Investment Manager |
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| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | SARATOGA CLO I, LIMITED By: INVESCO Senior Secured Management, Inc. As Asset Manager |
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| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | WASATCH CLO LTD By: INVESCO Senior Secured Management, Inc. As Portfolio Manager |
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| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Invesco Funds III — Invesco US Senior Loan Fund By: Invesco Asset Management S.A. As Investment Manager |
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| By: | /s/ ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇.▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Nationwide Defined Benefit Master Trust |
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| By: | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Nationwide Mutual Insurance Company |
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| By: | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Redwood Master Fund Ltd |
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| By: | /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇ ▇▇▇▇▇▇▇ | |||
| Title: | Principal | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Redwood Opportunity Master Fund Ltd |
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| By: | /s/ ▇▇▇▇ ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇ ▇▇▇▇▇▇▇ | |||
| Title: | Principal | |||
For any Lender requiring a second signature block: |
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | The Bank of Nova Scotia | |||
| By: | /s/ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Director | |||
For any Lender requiring a second signature block:
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | ▇▇▇▇ ATLANTIC MASTER TRUST By: Crescent Capital Group LP, its sub-adviser |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. |
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| Name of the Lender: | FARAKER INVESTMENT PTE LTD. By: Crescent Capital Group LP, its sub-adviser |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. |
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| Name of the Lender: | FIRST 2004-I CLO, LTD. By: TCW-WLA JV Venture LLC, its sub-adviser |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | FIRST 2004-II CLO, LTD. By: TCW-WLA JV Venture LLC, its sub-adviser |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block: |
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | ILLINOIS STATE BOARD OF INVESTMENT | |||
| By: | Crescent Capital Group LP, its sub-adviser | |||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block:
|
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | MAC CAPITAL, LTD. | |||
| By: | TCW-WLA JV Venture LLC, its sub-adviser | |||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block:
|
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | MOMENTUM CAPITAL FUND, LTD. | |||
| By: | TCW-WLA JV Venture LLC, its sub-adviser | |||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block:
|
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | PALMETTO INVESTORS MASTER FUND, LLC. | |||
| By: | Crescent Capital Group LP, its sub-adviser | |||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block:
|
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | RGA REINSURANCE COMPANY | |||
| By: | Crescent Capital Group LP, its sub-adviser | |||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
For any Lender requiring a second signature block:
|
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Trust Company of the West, As trustee of TCW Capital Trust |
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| For any Lender requiring a second
signature block: |
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: |
TCW SENIOR SECURED FLOATING RATE LOAN FUND, L.P. |
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| By: | Crescent Capital Group LP, its sub-adviser | |||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
| For any Lender requiring a second signature block: | ||||
| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: |
TCW SENIOR SECURED LOAN FUND, LP |
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| By: | Crescent Capital Group LP, its sub-adviser | |||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
|
For any Lender requiring a second signature block: |
||||
| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: |
VELOCITY CLO LTD. |
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| By: | TCW-WLA JV Venture LLC, its sub-adviser | |||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
|
For any Lender requiring a second signature block: |
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: |
VITESSE CLO LTD. |
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| By: | TCW-WLA JV Venture LLC, its sub-adviser | |||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
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For any Lender requiring a second signature
block: |
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. |
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| Name of the Lender: |
WEST BEND MUTUAL INSURANCE COMPANY |
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| By: | Crescent Capital Group LP, its sub-adviser | |||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Senior Vice President | |||
|
For any Lender requiring a second signature block: |
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| By: | /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: |
KKR CORPORATE CREDIT PARTNERS L.P. |
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
|
For any Lender requiring a second signature block: |
||||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | KKR DEBT INVESTORS II (2006)(IRELAND) L.P. | |||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
|
For any Lender requiring a second signature block: |
||||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: |
KKR FI PARTNERS I L.P. |
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
|
For any Lender requiring a second signature block: |
||||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: |
KKR FINANCIAL CLO 2005-1, LTD. |
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
|
For any Lender requiring a second signature block: |
||||
| By: | ||||
| Name: | ||||
| Title: | ||||
|
LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT
AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS
UNITED STATES HOLDINGS, INC.
|
||||
| Name of the Lender: |
KKR FINANCIAL CLO 2005-2, LTD. |
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
|
For any Lender requiring a second signature block:
|
||||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | KKR FINANCIAL CLO 2006-1, LTD.
|
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
|
||||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | KKR FINANCIAL CLO 2007-A, LTD. |
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
|
||||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | KKR FINANCIAL CLO 2007-1, LTD. |
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | ||||
| Title: | Authorized Signatory | ||||
For any Lender requiring a second signature block:
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| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | KKR FINANCIAL HOLDINGS III, LLC |
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
For any Lender requiring a second signature block:
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | OREGON PUBLIC EMPLOYEES RETIREMENT FUND |
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | ||||
| Title: | Authorized Signatory | ||||
For any Lender requiring a second signature block:
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| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | MARYLAND STATE RETIREMENT AND PENSION SYSTEM |
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | ||||
| Title: | Authorized Signatory | ||||
For any Lender requiring a second signature block:
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| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | ACE TEMPEST REINSURANCE LTD. |
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| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | ||||
| Title: | Authorized Signatory | ||||
For any Lender requiring a second signature block:
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| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | KINGSLAND I, LTD., |
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| By: | Kingsland Capital Management, LLC,as Manager | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇ | ||||
| Title: | Principal | ||||
For any Lender requiring a second signature block:
|
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| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | KINGSLAND II, LTD., |
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| By: | Kingsland Capital Management, LLC, as Manager | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇ | ||||
| Title: | Principal | ||||
For any Lender requiring a second signature block:
|
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| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | KINGSLAND III, LTD., |
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| By: | Kingsland Capital Management, LLC, as Manager | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇ | ||||
| Title: | Principal | ||||
For any Lender requiring a second signature block:
|
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| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | KINGSLAND IV, LTD., |
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| By: | Kingsland Capital Management, LLC, as Manager | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇ | ||||
| Title: | Principal | ||||
For any Lender requiring a second signature block:
|
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| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | KINGSLAND V, LTD., |
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| By: | Kingsland Capital Management, LLC, as Manager | ||||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇ | ||||
| Title: | Principal | ||||
For any Lender requiring a second signature block:
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| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | Caterpillar Inc. Master Retirement Trust |
||||
| By: | DDJ Capital Management, LLC, on behalf of Caterpillar Inc. Master Retirement Trust, in its capacity as investment manager | ||||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | ||||
| Title: | President | ||||
For any Lender requiring a second signature block: |
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| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | DDJ Distressed and Special Situations Fund, L.P. |
||||
| By: | DDJ/GP Distressed and Special Situations,LLC, its General Partner |
||||
| By: | DDJ Capital Management, LLC, Manager | ||||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | ||||
| Title: | President | ||||
For any Lender requiring a second signature block:
|
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| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | DDJ High Yield Fund |
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| By: | DDJ Capital Management, LLC, its attorney-in-fact* |
||||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | ||||
| Title: | President | ||||
For any Lender requiring a second signature block:
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| By: | |||||
| Name: | |||||
| Title: | |||||
| * | The execution of this agreement shall not bind the Trustee, Manager or any Unit Holder of DDJ High Yield Fund and recourse shall be limited to the Trust Property (each such term as defined in the trust agreement governing the DDJ High Yield Fund). |
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Stichting Bewaarder Interpolis Pensioenen Global High Yield Pool |
|||
| By: | Syntrus Achmea Asset Management, as asset manager | |||
| By: | DDJ Capital Management, LLC, as subadviser | |||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Title: | President | |||
For any Lender requiring a second signature block:
|
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | GMAM Investment Funds Trust (for the account of the Promark High Yield Bond Fund (Account No. 7MKM)) | |||
| By: DDJ Capital Management, LLC, on
behalf of GMAM Investment Funds Trust
(for the account of the Promark High
Yield Bond Fund (Account 7MKM)), in
its capacity as investment manager |
||||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Title: | President | |||
For any Lender requiring a second signature block:
|
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | GMAM Group Pension Trust III (for the account of the Promark Alternative High Yield Bond Fund (Account 7M2E)) | |||
| By: State Street Bank and Trust Company,
solely in its capacity as Trustee for
GMAM Group Pension Trust III, (for the
account of the Promark Alternative High
Yield Bond Fund (Account 7M2E)), as
directed by DDJ Capital Management, LLC,
and not in its individual capacity |
||||
| By: | /s/ ▇▇▇▇ ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇ ▇▇▇▇▇▇ | |||
| Title: | Assistant Vice President | |||
For any Lender requiring a second signature block:
|
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Houston Municipal Employees Pension System | |||
| By: DDJ Capital Management, LLC, in
its capacity as Manager |
||||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Title: | President | |||
For any Lender requiring a second signature block:
|
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | ▇.▇. ▇▇▇▇▇▇ Corporation, Inc. Pension Plan Trust | |||
| By: DDJ Capital Management, LLC, on
behalf of ▇.▇. Penney Corporation,
Inc. Pension Plan Trust, in its
capacity as investment manager |
||||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Title: | President | |||
For any Lender requiring a second signature block:
|
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | National Railroad Retirement Investment Trust | |||
| By: DDJ Capital Management, LLC, in
its capacity as Investment Manager |
||||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Title: | President | |||
For any Lender requiring a second signature block:
|
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Stichting Pensioenfonds voor Fysiotherapeuten | |||
| By: DDJ Capital Management, LLC, in
its capacity as investment manager |
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| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Title: | President | |||
For any Lender requiring a second signature block:
|
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Stichting Pensioenfonds Hoogovens | |||
| By: DDJ Capital Management, LLC, on
behalf of Stichting Pensioenfonds
Hoogovens, in its capacity as Manager |
||||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Title: | President | |||
For any Lender requiring a second signature block:
|
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Stichting Pensioenfonds Metaal en Techniek | |||
| By: DDJ Capital Management, LLC, in
its capacity as Manager |
||||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Title: | President | |||
For any Lender requiring a second signature block:
|
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Stichting Pensioenfonds van de Metalektro (PME) | |||
| By: DDJ Capital Management, LLC, in
its capacity as Manager |
||||
| By: | /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | |||
| Title: | President | |||
For any Lender requiring a second signature block:
|
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| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | UAW Retiree Medical Benefits Trust | |||
| By: State Street Bank and Trust company,
solely in its capacity as Trustee for UAW
Retiree Medical Benefits Trust, as directed
by DDJ Capital Management, LLC, and not in
its individual capacity |
||||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Vice President State Street Bank & Trust Co. |
|||
For any Lender requiring a second signature block:
|
||||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
||||
| Name of the Lender: | CIFC Funding 2006-IB, Ltd. |
|||
|
By: Its Collateral Manager, Commercial
Industrial Finance Corp. |
||||
| By: | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ III | |||
| Name: | ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ III | |||
| Title: | Gen. Counsel/Secretary | |||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
||||
| Name of the Lender: | CIFC Funding 2007-I, Ltd. |
|||
|
By its Collateral Manager, Commercial
Industrial Finance Corp. |
||||
| By: | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ III | |||
| Name: | ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ III | |||
| Title: | Gen. Counsel/Secretary | |||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
||||
| Name of the Lender: | CIFC Funding 2007-II, Ltd. |
|||
|
By its Collateral Manager, Commercial
Industrial Finance Corp. |
||||
| By: | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ III | |||
| Name: | ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ III | |||
| Title: | Gen. Counsel/Secretary | |||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
||||
| Name of the Lender: | CIFC Funding 2007-IV, Ltd. |
|||
|
By its Collateral Manager, Commercial
Industrial Finance Corp. |
||||
| By: | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ III | |||
| Name: | ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ III | |||
| Title: | Gen Counsel/Secretary | |||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
||||
| Name of the Lender: | Consumer Program Administrators, Inc. |
|||
|
By: Onex Credit Partners, LLC,
its investment manager |
||||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |||
| Title: | General Counsel | |||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
||||
| Name of the Lender: | IDEO |
|||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | |||
| Title: | Authorized Signatory | |||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
||||
| Name of the Lender: | OCP Investment Trust |
|||
|
By: Onex Credit Partners, LLC, its manager |
||||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |||
| Title: | General Counsel | |||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
||||
| Name of the Lender: | Onex Debt Opportunity Fund, L.P. |
|||
|
By: Onex Credit Partners, LLC,
its investment manager |
||||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |||
| Title: | General Counsel | |||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
||||
| Name of the Lender: | Onex Senior Credit II, LP |
|||
|
By: Onex Credit Partners, LLC,
its investment manager |
||||
| By: | /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |||
| Title: | General Counsel | |||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
||||
| Name of the Lender: | Cratos CLO I Ltd. |
|||
|
By: Illegible |
||||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | |||
| Title: | Managing Director | |||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Chubb and Son, A Division of Federal Insurance Co. | |||
| By Fountain Capital as Agent | ||||
| By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
For any Lender requiring a second signature block:
|
||||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | The Lutheran Church-Missouri
Synod Foundation
| |||
| By Fountain Capital as Agent | ||||
| By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
For any Lender requiring a second signature block:
|
||||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | New York City District Council
of Carpenters Pension Fund
| |||
| By Fountain Capital as Agent | ||||
| By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
For any Lender requiring a second signature block:
|
||||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | School Employees Retirement
System of ▇▇▇▇▇▇▇ County School District 0001 | |||
| By Fountain Capital as Agent | ||||
| By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
For any Lender requiring a second signature block:
|
||||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | State Boston Retirement System | |||
| By Fountain Capital as Agent | ||||
| By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
For any Lender requiring a second signature block:
|
||||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Texas Treasury Safekeeping Trust Company | |||
| By Fountain Capital as Agent | ||||
| By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
For any Lender requiring a second signature block:
|
||||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | The Salvation Army | |||
| By Fountain Capital as Agent | ||||
| By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
For any Lender requiring a second signature block:
|
||||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ | |||
| Title: | Partner | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | UBS AG, Stamford Branch | |||
| By: | /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ | |||
| Title: | Associate Director Banking Products Services, US |
|||
For any Lender requiring a second signature block:
|
||||
| By: | /s/ Illegible | |||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Luminus Management, LLC | |||
| By: | /s/ J. Barrons | |||
| Name: | J. Barrons | |||
| Title: | MD | |||
For any Lender requiring a second signature block:
|
||||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | Hallmark Insurance Co | |||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇▇▇▇▇▇ | |||
| Title: | Vice President | |||
For any Lender requiring a second signature block:
|
||||
| By: | ||||
| Name: | ||||
| Title: | ||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | Green Island CBNA Loan Funding LLC By: Citibank, N.A. |
||||
| By: | /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||||
| Title: | Director | ||||
For any Lender requiring a second signature block: |
|||||
| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | CANARAS SUMMIT CLO LTD By: Canaras Capital Management LLC As Sub-Investment Adviser |
||||
| By: | /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ | ||||
| Title: | Authorized Signatory | ||||
For any Lender requiring a second signature block: |
|||||
| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | ROSEDALE CLO LTD. By: Princeton Advisory Group, Inc. the Collateral Manager |
||||
| By: | /s/ Illegible | ||||
| Name: | |||||
| Title: | Analyst | ||||
For any Lender requiring a second signature block: |
|||||
| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | ||||
| Name of the Lender: | UBS Loan Finance LLC |
|||
| By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Name: | ▇▇▇▇ ▇. ▇▇▇▇▇ | |||
| Title: | Associate Director Banking Products Services, US |
|||
For any Lender requiring a second signature block: |
||||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇-▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇ ▇▇▇▇▇▇-▇▇▇▇▇▇ | |||
| Title: | Director Banking Products Services, US | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
|||||
| Name of the Lender: | Capital One, N.A. |
||||
| By: | /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||||
| Name: | ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ | ||||
| Title: | Assistant V.P. | ||||
For any Lender requiring a second signature block: |
|||||
| By: | |||||
| Name: | |||||
| Title: | |||||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO
CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF
WILLBROS UNITED STATES HOLDINGS, INC. |
||||
| Name of the Lender: | CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH |
|||
| By: | /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ | |||
| Name: | ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ | |||
| Title: | Director | |||
For any Lender requiring a second signature block: |
||||
| By: | /s/ Vipui ▇▇▇▇▇▇ | |||
| Name: | Vipui ▇▇▇▇▇▇ | |||
| Title: | Associate | |||
| LENDER SIGNATURE PAGE TO AMENDMENT NO. 1 TO CREDIT AGREEMENT DATED AS OF JUNE 30, 2010, OF WILLBROS UNITED STATES HOLDINGS, INC. | |||||
| Name of the Lender: | Amegy Bank National Association |
||||
| By: | /s/ C. ▇▇▇▇ ▇▇▇▇▇▇▇ | ||||
| Name: | C. ▇▇▇▇ ▇▇▇▇▇▇▇ | ||||
| Title: | Senior Vice President | ||||
For any Lender requiring a second signature block: |
|||||
| By: | |||||
| Name: | |||||
| Title: | |||||
[For Fiscal Year Ended (the “Reporting Period)]
| 1. | Section 6.15 — Maximum Capital Expenditures. | |
| During the Interim Period: |
| Capital Expenditures1 do not exceed $60,000,000 in the aggregate for the period from the Closing Date to and including the last day of the Reporting Period. |
| Compliance | Yes | No | ||||
| After the Interim Period: |
| (a) | Capital Expenditures made during the Fiscal Year ended on the last day of the Reporting Period | $ _______________ | ||||
| (b) | Consolidated EBITDA2 for the Fiscal Year ended on the last day of the Reporting Period | $_______________ | ||||
| (c) | 25% of Consolidated EBITDA for the Fiscal Year ended on the last day of the Reporting Period | $_______________ |
| Capital Expenditures do not exceed the higher of (i) $70,000,000 in the aggregate for the Reporting Period or (ii) 25% of Consolidated EBITDA for the Reporting Period |
| Compliance | Yes | No |
| 1 | See Schedule 2 for detailed calculation of Capital Expenditures. | |
| 2 | See Schedule 1 for detailed calculation of Consolidated EBITDA. |
| 2. | Section 6.16 — Minimum Interest Coverage Ratio |
| (a) | Consolidated EBITDA for the applicable number of fiscal quarters period ended on the last day of the Reporting Period3 | $_______________ | ||||
| (b) | Consolidated Interest Expense4 for the applicable number of fiscal quarters period ended on the last day of the Reporting Period5 | $_______________ |
| Interest Coverage Ratio = (a) divided by (b) | ||
| Minimum Interest Coverage Ratio permitted under Section 6.16 of Credit Agreement: |
| As of the last day of any fiscal quarter, not less than the ratio set forth below with respect to such fiscal quarter: | ||||||||||
| Fiscal quarters ending June 30, 2010, September 30, 2010, December 31, 2010, March 31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011: | 2.00 to 1.00 | |||||||||
| Fiscal quarter ending March 31, 2012: | 2.25 to 1.00 | |||||||||
| Fiscal quarters ending June 30, 2012, September 30, 2012 and December 31, 2012, March 31, 2013, June 30, 2013 and September 30, 2013: | 2.75 to 1.00 | |||||||||
| Fiscal quarter ending December 31, 2013 and each fiscal quarter thereafter: | 3.00 to 1.00 | |||||||||
| Compliance | Yes No | |||||||||
| 3 | In the case of the fiscal quarter ending June 30, 2010, for such fiscal quarter; in the case of the fiscal quarter ending September 30, 2010, the two fiscal quarter period then ended; in the case of the fiscal quarter ending December 31, 2010, the three fiscal quarter period then ended; and in the case of any fiscal quarter ending after December 31, 2010, the four fiscal quarter period then ended. | |
| 4 | See Schedule 3 for detailed calculation of Consolidated Interest Expense. | |
| 5 | In the case of the fiscal quarter ending June 30, 2010, for such fiscal quarter; in the case of the fiscal quarter ending September 30, 2010, the two fiscal quarter period then ended; in the case of the fiscal quarter ending December 31, 2010, the three fiscal quarter period then ended; and in the case of any fiscal quarter ending after December 31, 2010, the four fiscal quarter period then ended. |
| 3. | Section 6.17 — Maximum Total Leverage Ratio. |
| (a) | (i) Consolidated Debt as of the last day of the Reporting Period plus (ii) to the extent not included in clause (i), all reimbursement obligations (contingent or otherwise) as of the last day of the Reporting Period in respect of Financial Letters of Credit issued upon the application of the Parent or any of its Subsidiaries or upon which the Parent or any of its Subsidiaries is an account party, but only to the extent the aggregate amount of such reimbursement obligations is in excess of $15,000,000 | $_______________ | |||||
| (b) | Consolidated EBITDA for the four fiscal quarter period ended on or prior to the last day of the Reporting Period | $_______________ | |||||
| Total Leverage Ratio = (a) divided by (b) | ________________ | ||||||
| Maximum Total Leverage Ratio permitted under Section 6.17 of Credit Agreement: |
| Fiscal quarters ending December 31, 2010, March 31, 2011, June 30, 2011 and September 30, 2011: | 5.00 to 1.00 | |||||
| Fiscal quarter ending December 31, 2011: | 4.75 to 1.00 | |||||
| Fiscal quarter ending March 31, 2012: | 3.75 to 1.00 | |||||
| Fiscal quarters ending June 30, 2012 and September 30, 2012: | 3.50 to 1.00 | |||||
| Fiscal quarter ending December 31, 2012, March 31, 2013, June 30, 2013 and September 30, 2013: | 3.25 to 1.00 | |||||
| Fiscal quarter ending December 31, 2013 and each fiscal quarter thereafter: | 3.00 to 1.00 | |||||
| Compliance | Yes No | |||||
| 4. | Section 6.19 — Minimum Tangible Net Worth |
| (a) | Stockholders’ Equity of the Parent and its Subsidiaries on a consolidated basis as of the last day of the Reporting Period | $________________ | ||||
| (b) | Goodwill of the Parent and its Subsidiaries on a consolidated basis as of the last day of the Reporting Period | $________________ | ||||
| (c) | Amount attributable to the net Tax liabilities for repatriation by any CFC to the Parent, the Borrower or any of its Domestic Subsidiaries of any cash earned from outside the United States of America | $________________ |
| Tangible Net Worth = (a) + (c)6 - (b) $________________ |
| (v) | $ 240,000,000 | $________________ | ||||||
| (w) | 50% of Consolidated Net Income earned for each fiscal quarter ending after December 31, 2009 (with no deduction for a net loss in any such fiscal quarter) | $________________ | ||||||
| (x) | 75% of the Equity Issuance Proceeds from any Equity Issuance consummated after the Effective Date | $________________ | ||||||
| (y) | 75% of the increase in the Stockholders’ Equity resulting from the conversion after the Effective Date of any Convertible Senior Notes into common stock of the Parent | $________________ | ||||||
| Minimum Tangible Net Worth permitted under Section 6.19 of the Credit Agreement = (v) + (w) + (x) + (y) $________________ |
Compliance
|
Yes No | |||||
| 6 | To the extent the Stockholders’ Equity was affected by such amount on and after December 31, 2010. |
| 5. | Section 6.20 — Minimum EBITDA | |
| Consolidated EBITDA not less than: |
Compliance
|
Yes No |
| 7 | To be provided for the fiscal quarters ending June 30, 2010 and September 30, 2010. |
| 6. | Section 6.21 — Minimum Cash Balance. |
Compliance
|
Yes No |
| 8 | To be included if delivering the financial statements referred to in Section 5.06(a) of the Credit Agreement. See Schedule 4 for a detailed calculation of Excess Cash Flow. |
| WILLBROS GROUP, INC. |
||||
| By: | ||||
| Name: | ||||
| Title: | ||||
TO COMPLIANCE CERTIFICATE
| Quarter Ending | Quarter Ending | Quarter Ending | Quarter Ending | |||||||||
| COMPONENT OF CONSOLIDATED EBITDA | __/__/__ | __/__/__ | __/__/__ | __/__/__ | TOTAL | |||||||
a. Consolidated Net Income, excluding the results
from discontinued operations (as determined in
accordance with GAAP) |
||||||||||||
| Plus | b. Consolidated Interest Expense9 |
|||||||||||
| Plus | c. charges against income for foreign, federal,
state, and local Taxes9 |
|||||||||||
| Plus | d. depreciation and amortization
expense9 |
|||||||||||
| Plus | e. other non-cash charges or losses (other than
non-cash charges related to the SEC/DOJ
Investigation)9 |
|||||||||||
| Plus | f. extraordinary or non-recurring expenses or
losses (other than any such expenses or losses
arising from the accrual of the earnout liability
related to the InfrastruX Merger)9 |
|||||||||||
| Plus | g. amortization, write-off or write-down of debt
discount, capitalized interest, debt issuance
costs and commissions, discounts and other fees
and charges associated with letters of credit or
Debt9 |
|||||||||||
| Minus | h. extraordinary or non-recurring gains10 |
|||||||||||
| Minus | i. any non-cash gains arising from the reversal of
the accrual of the earnout liability related to
the InfrastruX Merger10 |
| 9 | To the extent deducted in determining Consolidated Net Income. | |
| 10 | To the extent included in determining Consolidated Net Income. |
| Quarter Ending | Quarter Ending | Quarter Ending | Quarter Ending | |||||||||
| COMPONENT OF CONSOLIDATED EBITDA | __/__/__ | __/__/__ | __/__/__ | __/__/__ | TOTAL | |||||||
| Minus gain Or Plus loss | j. any gains or losses on sales of assets of the Parent or any of its Subsidiaries (other than in the ordinary course of business) 11 |
|||||||||||
| Minus | k. the income of any Person (other than any
Wholly-Owned Subsidiary of the Parent) in which
the Parent or any Wholly-Owned Subsidiary owns any
Equity Interest, except to the extent (i) such
income is received by the Parent or such
Wholly-Owned Subsidiary in a cash distribution
during such period or (ii) the payment of cash
dividends or similar cash distributions by such
Person to the Parent or such Wholly-Owned
Subsidiary on account of such ownership is not
prohibited by any Governmental Authority or by the
operation of the terms of the Organizational
Documents of such Person or any agreement or other
instrument binding on such Person10 |
|||||||||||
| Minus gain or Plus loss | l. non-cash gains (other than gains resulting from
derivatives to the extent the amount of
commodities hedged with such derivatives exceeds
the Parent’s and its Subsidiaries’ commodities
sold) and losses as a result of changes in the
fair value of derivatives11 |
|||||||||||
| Plus | m. non-cash charges and losses incurred on or
prior to December 31, 2009 associated with the
penalties and disgorgements sought to be assessed
pursuant to the SEC/DOJ Investigation9 |
| 11 | To the extent included (or deducted) in determining Consolidated Net Income. |
| Quarter Ending | Quarter Ending | Quarter Ending | Quarter Ending | |||||||||
| COMPONENT OF CONSOLIDATED EBITDA | __/__/__ | __/__/__ | __/__/__ | __/__/__ | TOTAL | |||||||
| Plus | n. any loss or expense resulting from payments
made to the holders of the 6.5% Convertible Senior
Notes in connection with the Third Supplemental
Indenture, to be dated as of July 1, 2010, to the
6.5% Indenture9 |
|||||||||||
| Minus | o. cash payments made during such period in
respect of non-cash charges added back in
determining Consolidated EBITDA (including any
such non-cash charges arising from the accrual of
the earnout liability related to the InfrastruX
Merger) for any previous period |
|||||||||||
| Plus | p. fees and expenses in an aggregate amount not to
exceed $20,000,000 relating to the InfrastruX
Merger, the Refinancing Transactions and the
transactions contemplated by the Credit
Agreement9 |
|||||||||||
| Plus | q. fees and expenses incurred on or prior to
December 31, 2009, related to the reincorporation
of the Parent in the State of Delaware and the
related transactions9 |
|||||||||||
| Minus gains or plus losses |
r. gain or loss arising from early extinguishment
of Debt or obligations under any Hedging
Arrangement11 |
|||||||||||
| Plus | s. charges and losses incurred during the fiscal
year ended December 31, 2009 in connection with
severance and operating lease abandonment, in an
aggregate amount not to exceed
$12,700,0009 |
|||||||||||
| Plus | t. management fees paid to Tenaska Capital
Management, LLC by InfrastruX on or before the
Effective Date in an aggregate amount not to
exceed $2,600,0009 |
|||||||||||
| Plus | u. fees and expenses paid or payable in connection
with any waiver or amendment of any
Debt9 |
| Quarter Ending | Quarter Ending | Quarter Ending | Quarter Ending | |||||||||
| COMPONENT OF CONSOLIDATED EBITDA | __/__/__ | __/__/__ | __/__/__ | __/__/__ | TOTAL | |||||||
| Plus | v. any premiums or similar fees paid or payable in
connection with a prepayment of any
Debt9 |
|||||||||||
| Plus | w. costs, expenses and charges relating to the
independent compliance monitor retained as a
result of the SEC/DOJ Investigation incurred on or
prior to December 31, 2012, provided that the
aggregate amount added pursuant to clauses (w) and
(x) in any period of four consecutive fiscal
quarters shall not exceed $5,000,0009 |
|||||||||||
x. costs, expenses and charges relating to the
TransCanada Pipeline Arbitration incurred on or
prior to December 31, 2012, provided that the
aggregate amount added pursuant to clauses (w) and
(x) in any period of four consecutive fiscal
quarters shall not exceed $5,000,0009 |
||||||||||||
| Provided that | y. for purposes of calculating Consolidated EBITDA
for any period, if during such period the Parent
or any Subsidiary shall have consummated (i) the
InfrastruX Merger or (ii) any Acquisition or any
Asset Disposition the aggregate consideration paid
or received in which by the Parent and its
Subsidiaries exceeded $25,000,000, Consolidated
EBITDA for such period shall be calculated after
giving pro forma effect thereto in accordance with
Section 1.03(c) of the Credit Agreement. |
|||||||||||
| CONSOLIDATED EBITDA: | ||||||||||||
TO COMPLIANCE CERTIFICATE
| Quarter Ending | Quarter Ending | Quarter Ending | Quarter Ending | |||||||||
| COMPONENT OF CAPITAL EXPENDITURES | __/__/__ | __/__/__ | __/__/__ | __/__/__ | TOTAL | |||||||
a. all expenditures of the
Parent and its Subsidiaries in
respect of the purchase or other
acquisition, construction or
improvement of any fixed or
capital assets that are required
to be capitalized under GAAP on
a consolidated balance sheet of
the Parent and its Subsidiaries
as property, plant, equipment or
other fixed assets |
||||||||||||
| Excluding | b. normal replacements and
maintenance which are properly
charged to current operations |
|||||||||||
| Excluding | c. expenditures made on account
of any loss, destruction or
damage of any fixed or capital
assets, or any actual
condemnation, seizure or taking,
by exercise of eminent domain or
otherwise, of any fixed or
capital assets, or any
confiscation or requisition of
the use of any fixed or capital
assets, to the extent such
expenditures do not exceed the
amount of the insurance
proceeds, condemnation awards or
damage recovery proceeds
relating thereto |
|||||||||||
| Excluding | d. any Qualified Investment made
pursuant to any Reinvestment
Notice |
| Quarter Ending | Quarter Ending | Quarter Ending | Quarter Ending | |||||||||
| COMPONENT OF CAPITAL EXPENDITURES | __/__/__ | __/__/__ | __/__/__ | __/__/__ | TOTAL | |||||||
| Excluding | e. any such expenditures in the
form of a substantially
contemporaneous exchange of
similar fixed or capital assets,
except to the extent of cash or
other consideration (other than
the assets so exchanged), if
any, paid or payable by the
Parent and its Subsidiaries |
|||||||||||
| Excluding | f. any Investment or Acquisition |
|||||||||||
| Excluding | g. expenditures in connection
with the construction,
development and/or operation and
maintenance of any Governmental
Fueling Facility. |
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| CAPITAL EXPENDITURES: | ||||||||||||
TO COMPLIANCE CERTIFICATE
| Quarter ending | Quarter ending | Quarter ending | Quarter ending | |||||||
| COMPONENT OF CONSOLIDATED INTEREST EXPENSE | __/__/__ | __/__/__ | __/__/__ | __/__/__ | ||||||
a. The interest expense of
the Parent and its
Subsidiaries, calculated on
a consolidated basis in
accordance with GAAP for
such period |
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| Excluding | b. amortization, write-off
or write-down of debt
discount, capitalized
interest and debt issuance
costs and commissions,
discounts and other fees and
charges associated with
letters of credit or
Debt12 |
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| Excluding | c. non-cash gains (other
than gains resulting from
derivatives to the extent
the amount of commodities
hedged with such derivatives
exceeds the Parent’s and its
Subsidiaries’ commodities
sold) and losses as a result
of changes in the fair value
of derivatives.12 |
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CONSOLIDATED INTEREST EXPENSE |
| 12 | To the extent included in the interest expense of the Parent and its Subsidiaries. |
TO COMPLIANCE CERTIFICATE
| COMPONENT OF EXCESS CASH FLOW | Fiscal Year Ending ___/___/__ | |||||||
a. Consolidated EBITDA for such
fiscal year (determined on the
basis of Consolidated Net Income
not adjusted to exclude the
results of discontinued
operations) |
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| minus | b. the sum of: |
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(i) Consolidated Interest Expense
for such fiscal year actually
paid in cash by the Parent and
its Subsidiaries, |
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(ii) the net amount, if any, by
which the “Contract costs and
recognized income not yet billed”
(or a similar line item referred
to in the consolidated financial
statements of the Parent)
increased during such fiscal
year, |
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(iii) the aggregate principal
amount of Long-Term Debt and
Capital Leases repaid or prepaid
by the Parent and its
Subsidiaries during such fiscal
year, excluding |
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(A) repayment or prepayment of
the Revolving Advances and other
revolving extensions of credit
(except to the extent that any
repayment or prepayment of such
Debt is accompanied by a
permanent reduction in related
commitments), |
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(B) repayment or prepayment of
the Term Loans, other than
scheduled principal payments
pursuant to Section 2.07(b) of
the Credit Agreement, and |
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(C) repayments or prepayments of
Long-Term Debt funded with the
proceeds of other Long-Term Debt, |
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(iv) all income Taxes actually
paid in cash by the Parent and
its Subsidiaries during such
fiscal year, |
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(v) the sum of (A) the Capital
Expenditures actually made in
cash by the Parent and its
Subsidiaries during such fiscal
year (except to the extent
financed with the proceeds of
Debt, Equity Issuances, casualty
proceeds, or other proceeds that
were not included in determining
Consolidated EBITDA for such
fiscal year) and (B) the
aggregate amount of cash
consideration paid by the Parent
and its Subsidiaries during such
fiscal year to make Investments
and other Acquisitions permitted
under Section 6.05 of the Credit
Agreement, |
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| COMPONENT OF EXCESS CASH FLOW | Fiscal Year Ending ___/___/__ | |||||||
(vi) to the extent not reducing
Consolidated EBITDA for such
fiscal year (but without
duplication of any other
deductions to Excess Cash Flow
for such fiscal year), the
aggregate amount actually paid in
cash by the Parent and its
Subsidiaries during such fiscal
year in satisfaction of
litigation and similar
proceedings, earn-out obligations
and other obligations and
liabilities (other than Debt),
including any such amounts paid
in respect of items referred to
in clauses (w) and (x) of the
“Consolidated EBITDA” calculation
on Schedule 1 to this Compliance
Certificate, |
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| plus | c. to the extent not otherwise
included in Excess Cash Flow for
such fiscal year, net cash
proceeds received by the Parent
or its Subsidiaries during such
fiscal year from the TransCanada
Pipeline Project, either through
the collection of receivables or
pursuant to the settlement of the
TransCanada Pipeline Arbitration
(it being understood and agreed
that any amounts added back
pursuant to this clause (c) with
respect to any fiscal year shall,
to the extent otherwise included
in Excess Cash Flow for any
subsequent fiscal year, be
deducted in determining Excess
Cash Flow for such subsequent
fiscal year). |
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EXCESS CASH FLOW |
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