0001193125-15-216731 Sample Contracts

MASTER SEPARATION AGREEMENT between THE BABCOCK & WILCOX COMPANY and BABCOCK & WILCOX ENTERPRISES, INC. dated as of June 8, 2015

Master Separation Agreement • June 9th, 2015 • Babcock & Wilcox Co • Engines & turbines • Delaware

• Contract Type
  Master Separation Agreement
• Filed
  June 9th, 2015
• Company
  Babcock & Wilcox Co
• Industry
  Engines & turbines
• Jurisdiction
  Delaware

This MASTER SEPARATION AGREEMENT (this “Agreement”) is entered into as of June 8, 2015, between The Babcock & Wilcox Company, a Delaware corporation, (“RemainCo”) and Babcock & Wilcox Enterprises, Inc., a Delaware corporation (“SpinCo”). RemainCo and SpinCo are sometimes referred to herein individually as a “Party,” and collectively as the “Parties.” Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in Article I hereof.

EMPLOYEE MATTERS AGREEMENT between THE BABCOCK & WILCOX COMPANY and BABCOCK & WILCOX ENTERPRISES, INC. dated as of June 8, 2015

Employee Matters Agreement • June 9th, 2015 • Babcock & Wilcox Co • Engines & turbines • Delaware

• Contract Type
  Employee Matters Agreement
• Filed
  June 9th, 2015
• Company
  Babcock & Wilcox Co
• Industry
  Engines & turbines
• Jurisdiction
  Delaware

This EMPLOYEE MATTERS AGREEMENT is entered into as of June 8, 2015 between The Babcock & Wilcox Company, a Delaware corporation (“RemainCo”), and Babcock & Wilcox Enterprises, Inc., a Delaware corporation (“SpinCo”). RemainCo and SpinCo are sometimes referred to herein, individually, as a “Party,” and, collectively, as the “Parties.” Capitalized terms used herein and not otherwise defined shall have the respective meanings ascribed to such terms in Article I hereof.