ASSUMPTION AND LOSS ALLOCATION AGREEMENT by and among ACE AmericanInsurance Company, acting for itself and the ACE Affiliates (as defined below) and Babcock & WilcoxEnterprises, Inc., a corporation organized and existing under the laws of the State of Delaware and The Babcock &Wilcox Company, a corporation organized and existing under the laws of the State of Delaware RECITALS

EX-10.5 9 d43214dex105.htm EX-10.5 EX-10.5

Exhibit 10.5

EXECUTION VERSION

ASSUMPTION AND LOSS ALLOCATION AGREEMENT

by and among

ACE American Insurance Company,

acting for itself and the ACE Affiliates (as defined below)

and

Babcock & Wilcox Enterprises, Inc.,

a corporation organized and existing under the laws of the State of Delaware

and

The Babcock & Wilcox Company,

a corporation organized and existing under the laws of the State of Delaware

RECITALS

THIS ASSUMPTION AND LOSS ALLOCATION AGREEMENT (the “Agreement”), is entered into and effective as of June 19, 2015 (the “Effective Date”) by and among ACE AMERICAN INSURANCE COMPANY, individually and acting for the ACE Affiliates (in such capacities, the “Company”), Babcock & Wilcox Enterprises, Inc., a Delaware corporation (“SpinCo”), and The Babcock & Wilcox Company, a Delaware corporation (“RemainCo”), and, solely with respect to Sections 2, 3 and 5(c), the other SpinCo Entities signatory hereto and the other RemainCo Entities signatory hereto.

WHEREAS, the Company and/or the ACE Affiliates have issued the Existing Policies to one or more SpinCo Entities and one or more RemainCo Entities; and

WHEREAS, in connection with the Existing Policies, the Company, the ACE Affiliates, one or more SpinCo Entities, and/or one or more RemainCo Entities entered into various Existing Insurance Agreements; and

WHEREAS, pursuant to the Existing Policies and the Existing Insurance Agreements, the SpinCo Entities and the RemainCo Entities are obligated, among other things, to pay or reimburse the Company and/or the ACE Affiliates for certain Obligations, which Obligations are secured by the Existing Collateral; and

WHEREAS, RemainCo intends to spin-off SpinCo from RemainCo through a dividend of common stock of SpinCo to the shareholders of RemainCo (the “Separation”); and

WHEREAS, in connection with the Separation: (a) the SpinCo Entities desire to transfer and the RemainCo Entities desire to assume any RemainCo Obligations that were

 

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incurred by, or with respect to which there exists any obligation of, a SpinCo Entity, whether such RemainCo Obligations were existing, accruing or arising before, on or after the Effective Date; and (b) the RemainCo Entities desire to transfer and the SpinCo Entities desire to assume any SpinCo Obligations that were incurred by, or with respect to which there exists any obligation of, a RemainCo Entity, whether such SpinCo Obligations were existing, accruing or arising before, on or after the Effective Date; and

WHEREAS, the Company, on its own behalf and on behalf of the ACE Affiliates, is willing to consent to the transfer and assumption of the Obligations as set forth herein, subject to the terms and conditions of this Agreement;

NOW, THEREFORE, in consideration of the mutual promises set out herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, including a one-time administrative fee of $25,000 (the “Fee”), and intending to be legally bound, the Parties agree as follows:

1. Definitions. The following terms used herein, including in the recitals and Exhibits hereto, shall have the following meanings:

“ACE Affiliate” means each Affiliate of ACE American Insurance Company that is listed on Exhibit V attached hereto and made a part hereof that has issued an Existing Policy or is party to an Existing Insurance Agreement.

“Affiliate” means, with respect to any specified Person, any other Person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the specified Person. For this purpose “control” of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through ownership of voting securities, by contract or otherwise.

“Agreement” has the meaning set forth in the recitals to this Agreement.

“Assumption Time” means midnight (New York time) on the Effective Date.

“Cash Collateral” has the meaning set forth in Section 7.

“Company” has the meaning set forth in the recitals to this Agreement.

“Company Designation” has the meaning set forth in Section 4(a).

“Effective Date” has the meaning set forth in the recitals to this Agreement.

“ESIS” means ESIS, Inc., an Affiliate of the Company.

“Existing Collateral” means any and all of the following forms of security held by the Company or any ACE Affiliate under the terms of any Existing Policy or Existing Insurance Agreement in order to secure any Obligations outstanding as of the date hereof: (i) any and all letters of credit outstanding as of the date hereof provided by or required to be provided by a

 

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RemainCo Entity or a SpinCo Entity; (ii) any and all Cash Collateral provided by or required to be provided by a RemainCo Entity or a SpinCo Entity; (iii) any securities account pledged by a RemainCo Entity or a SpinCo Entity pursuant to any Existing Insurance Agreement; or (iv) any other collateral or security previously provided by a RemainCo Entity or a SpinCo Entity under the terms of any Existing Policy or Existing Insurance Agreement in order to secure any Obligations outstanding as of the date hereof.

“Existing ESIS Agreement” means any agreement relating to claims or losses under one or more Existing Policies in which ESIS is in direct contractual privity with any SpinCo Entity or any RemainCo Entity.

“Existing Insurance Agreement” means any agreement entered into on or prior to the date hereof by or on behalf of (or which is otherwise binding on) any RemainCo Entity and/or SpinCo Entity with the Company or an ACE Affiliate in connection with an Existing Policy, including, without limitation, any high deductible agreement, any notice of election, any collateral agreement, any agreement relating to any deductible or paid loss retrospectively rated insurance program, any agreement relating to deductibles under any of the Existing Policies, any letter or agreement relating to policy dividends, any early close-out agreement relating to any Existing Policy or Existing Insurance Agreement and any agreement described on Exhibit II and Exhibit VI attached hereto and made a part hereof.

“Existing Policy” means each policy of general liability insurance, automobile liability insurance and workers compensation insurance (other than any insurance policy that is the subject of any reinsurance agreement) issued prior to the date hereof by the Company or an ACE Affiliate to a RemainCo Entity or a SpinCo Entity, as applicable, including those policies identified on Exhibit III and Exhibit VII attached hereto and made a part hereof.

“Fee” has the meaning set forth in the recitals to this Agreement.

“Foreign Insurance Agreements” means the Existing Insurance Agreements listed on Exhibit VI attached hereto and made a part hereof and any other similar written agreements entered into between the Company or any of its Affiliates and a SpinCo Entity or a RemainCo Entity in connection with or relating to insurance policies issued to cover risks located primarily outside of the continental United States.

“Foreign Policies” means the Existing Policies listed on Exhibit VII attached hereto and made a part hereof and any other general liability insurance policy issued by the Company or any of its Affiliates to a SpinCo Entity or a RemainCo Entity to cover risks located primarily outside of the continental United States.

“Master Separation Agreement” means a Master Separation Agreement to be entered into between SpinCo and RemainCo in connection with the Separation.

“Obligations” means any and all amounts, duties, liabilities and obligations, whether accrued, fixed or contingent, mature or inchoate, known or unknown, including deductibles and premium adjustments, payable by or to be performed by a SpinCo Entity or a RemainCo Entity to the Company or any ACE Affiliate under the terms of any Existing Policy or any Existing Insurance Agreement.

 

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“Organizational Documents” means (a) with respect to any corporation, its certificate or articles of incorporation or organization and its bylaws, (b) with respect to any limited partnership, its certificate of limited partnership and its partnership agreement, (c) with respect to any general partnership, its partnership agreement, and (d) with respect to any limited liability company, its certificate or articles of formation or organization and its operating agreement or other organizational documents.

“Parties” means the Company, SpinCo and RemainCo, collectively (and each individually is a “Party”).

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, a union, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof.

“RemainCo” has the meaning set forth in the recitals to this Agreement.

“RemainCo Assumed Obligations” has the meaning set forth in Section 5(b).

“RemainCo Assumption” has the meaning set forth in Section 2(a).

“RemainCo Entity” means RemainCo and each of the entities listed on Exhibit IV attached hereto and made a part hereof. It is acknowledged and understood that, from and after the effectiveness of the Separation, the RemainCo Entities will not be Subsidiaries or Affiliates of SpinCo or any of the other SpinCo Entities.

“RemainCo LOC” has the meaning set forth in Section 5(b).

“RemainCo Obligations” means any Obligations of, or to the extent arising from the operations, business, or property of, a RemainCo Entity for which any SpinCo Entity is responsible under the terms of an Existing Policy or Existing Insurance Agreement, whether arising prior to, at or after the Effective Date.

“RemainCo Pledged Account” has the meaning set forth in Section 5(b).

“RemainCo Retained Obligations” has the meaning set forth in Section 2(d).

“Separation” has the meaning set forth in the recitals to this Agreement.

“SpinCo” has the meaning set forth in the recitals to this Agreement.

“SpinCo Assumed Obligations” has the meaning set forth in Section 5(a).

“SpinCo Assumption” has the meaning set forth in Section 2(c).

“SpinCo Entity” means SpinCo and each of the entities listed on Exhibit I attached hereto and made a part hereof. It is acknowledged and understood that, from and after the effectiveness of the Separation, the SpinCo Entities will not be Subsidiaries or Affiliates of RemainCo or any of the other RemainCo Entities.

 

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“SpinCo LOC” has the meaning set forth in Section 5(a).

“SpinCo Obligations” means any Obligations of, or to the extent arising from the operations, business, or property of, a SpinCo Entity for which any RemainCo Entity is responsible under the terms of an Existing Policy or Existing Insurance Agreement, whether arising prior to, at or after the Effective Time.

“SpinCo Pledged Account” has the meaning set forth in Section 5(a).

“SpinCo Retained Obligations” has the meaning set forth in Section 2(b).

“Subsidiary” means, with respect to any specified Person, any corporation, partnership, limited liability company, joint venture or other organization, whether incorporated or unincorporated, of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such specified Person or by any one or more of its Subsidiaries, or by such specified Person and one or more of its Subsidiaries.

“Substituted Collateral” means (i) the SpinCo LOC and the RemainCo LOC and (ii) any other collateral or security to be provided on or after the date hereof by a RemainCo Entity or a SpinCo Entity under the terms of any Existing Policy or Existing Insurance Agreement in order to secure any Obligations outstanding as of the date hereof.

2. Assumption.

(a) RemainCo Assumption. Notwithstanding anything in any Existing Insurance Agreement or Existing Policy to the contrary, each SpinCo Entity that is a signatory hereto hereby transfers and assigns, and RemainCo does hereby assume, effective as of the Assumption Time, the RemainCo Obligations; and RemainCo hereby agrees to observe, pay, perform, satisfy, fulfill and discharge any and all now existing and hereafter arising duties, terms, provisions, covenants, obligations and liabilities of any SpinCo Entity under the Existing Policies and Existing Insurance Agreements in respect of the RemainCo Obligations (the “RemainCo Assumption”). The Company, on its own behalf and on behalf of the ACE Affiliates, hereby consents to, and agrees to give full force and effect to, the RemainCo Assumption. From and after the Assumption Time, the Company (and/or the applicable ACE Affiliate): (i) may enforce its rights under the Existing Policies and the Existing Insurance Agreements in respect of the RemainCo Obligations against RemainCo to the same extent such Person could, prior to the RemainCo Assumption, enforce such rights against the applicable SpinCo Entity and (ii) releases each SpinCo Entity from its obligation to observe, pay, perform, satisfy, fulfill or discharge any such RemainCo Obligations.

(b) SpinCo Retained Obligations. SpinCo hereby agrees to continue to observe, pay, perform, satisfy, fulfill and discharge any and all of its now existing and

 

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hereafter arising Obligations (other than RemainCo Obligations) (the “SpinCo Retained Obligations”) in accordance with the terms of this Agreement and the applicable Existing Policy and Existing Insurance Agreement.

(c) SpinCo Assumption. Notwithstanding anything in any Existing Insurance Agreement or Existing Policy to the contrary, each RemainCo Entity that is a signatory hereto hereby transfers and assigns, and SpinCo does hereby assume, effective as of the Assumption Time, the SpinCo Obligations; and SpinCo hereby agrees to observe, pay, perform, satisfy, fulfill and discharge any and all now existing and hereafter arising duties, terms, provisions, covenants, obligations and liabilities of any RemainCo Entity under the Existing Policies and Existing Insurance Agreements in respect of the SpinCo Obligations (the “SpinCo Assumption”). The Company, on its own behalf and on behalf of the ACE Affiliates, hereby consents to, and agrees to give full force and effect to, the SpinCo Assumption. From and after the Assumption Time, the Company (and/or the applicable ACE Affiliate): (i) may enforce its rights under the Existing Policies and the Existing Insurance Agreements in respect of the SpinCo Obligations against SpinCo to the same extent such Person could, prior to the SpinCo Assumption, enforce such rights against the applicable RemainCo Entity and (ii) releases each RemainCo Entity from its obligation to observe, pay, perform, satisfy, fulfill or discharge any such SpinCo Obligations.

(d) RemainCo Retained Obligations. RemainCo hereby agrees to continue to observe, pay, perform, satisfy, fulfill and discharge any and all of its now existing and hereafter arising Obligations (other than SpinCo Obligations) (the “RemainCo Retained Obligations”) in accordance with the terms of this Agreement and the applicable Existing Policy and Existing Insurance Agreement.

(e) Obligations of the Company and the ACE Affiliates. The Parties acknowledge that nothing in this Agreement shall discharge, limit or in any way affect the obligations of the Company or the ACE Affiliates as insurers under any of the Existing Policies. Such obligations shall continue to be performed to the extent and in the manner set forth in the applicable Existing Policy by the Company and/or by the ACE Affiliates, as the case may be, for the benefit of such Persons who are entitled to such performance under the applicable Existing Policy, provided, however, that to the extent that such performance gives rise to Obligations, the responsibility for such Obligations shall be governed by this Agreement.

(f) Existing ESIS Agreements. The Parties shall use commercially reasonable efforts to enter into an agreement with ESIS promptly after the date hereof pursuant to which ESIS shall acknowledge and consent to the RemainCo Assumption and the SpinCo Assumption and the other provisions of this Agreement with respect to determining any SpinCo Obligations, SpinCo Retained Obligations, RemainCo Obligations or RemainCo Retained Obligations (or allocations thereof) in respect of any Existing ESIS Agreement.

3. Joinder. As of the Effective Date, (a) to the extent that RemainCo is not already a party thereto and an Existing Insurance Agreement contains any RemainCo Obligations, each Existing Insurance Agreement is hereby deemed amended to add RemainCo as an “Insured” or

 

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other such obligor thereunder solely to the extent necessary to give effect to the RemainCo Assumption and (b) to the extent that SpinCo is not already a party thereto and an Existing Insurance Agreement contains any SpinCo Obligations, each Existing Insurance Agreement is hereby deemed amended to add SpinCo as an “Insured” or other such obligor thereunder solely to the extent necessary to give effect to the SpinCo Assumption.

4. Allocation.

(a) Company Designations. (i) SpinCo shall continue to pay or perform any and all Obligations constituting SpinCo Retained Obligations pursuant to and in the manner set forth in the applicable Existing Policy and the applicable Existing Insurance Agreement giving rise to such Obligations and (ii) RemainCo shall continue to pay or perform any and all Obligations constituting RemainCo Retained Obligations pursuant to and in the manner set forth in the applicable Existing Policy and the applicable Existing Insurance Agreement giving rise to such Obligations; provided, however, that in each case, SpinCo and RemainCo shall provide to the Company on a timely basis such information as the Company may request so that the Company may determine whether the Obligations constitute SpinCo Retained Obligations or RemainCo Retained Obligations. The Company shall determine whether such Obligations constitute SpinCo Retained Obligations or RemainCo Retained Obligations (the “Company Designation”) and shall notify the applicable Party of any such Company Designation. RemainCo agrees that, notwithstanding any dispute or disagreement it may have with respect to any Company Designation, it will pay any RemainCo Retained Obligation pursuant to and in the manner set forth in the applicable Existing Policy and the applicable Existing Insurance Agreement giving rise to such RemainCo Retained Obligation; and SpinCo agrees that, notwithstanding any dispute or disagreement it may have with respect to any Company Designation, it will pay such SpinCo Retained Obligation pursuant to and in the manner set forth in the applicable Existing Policy and the applicable Existing Insurance Agreement giving rise to such SpinCo Retained Obligation; provided, however, that such payment shall not be construed as prejudicial to either Party in any dispute between SpinCo and RemainCo with respect to any such Company Designation.

(b) Disputes. Notwithstanding any dispute or disagreement between SpinCo and RemainCo concerning a Company Designation, the applicable Party shall pay any amount payable pursuant to a Company Designation as set forth in Section 4(a), and any such dispute or disagreement between SpinCo and RemainCo shall be resolved pursuant to Article V of the Master Separation Agreement; provided, that (i) the Company will not be made a party to any arbitration proceeding arising from such dispute or disagreement, but may be called as a witness; (ii) any costs incurred by the Company in respect of any such arbitration proceeding will be fully reimbursed to the Company equally by the Disputing Parties promptly following receipt of a reimbursement demand from the Company; (iii) under no circumstances will SpinCo or RemainCo, as a result of such arbitration proceeding, require the Company to return any amount received by the Company pursuant to a prior Company Designation, whether such amount was received as a result of the Company’s draw against security posted for its benefit or otherwise, (iv) the Company shall comply with the allocation or other resolution of such dispute established by any award or order of such arbitration, or settlement between the

 

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Disputing Parties; and (v) any indemnification and reimbursement of the Company by RemainCo and SpinCo pursuant to this Agreement, the Existing Policies and the Existing Insurance Agreements and any other agreement relating to the disputed Company Designation shall be in accordance with the allocation established by such award, order or settlement of such dispute.

5. Collateral and Fee.

(a) SpinCo LOC and Pledged Account.

(i) SpinCo will, within fifteen (15) days after the Effective Date, provide to the Company, as beneficiary thereof, a clean, irrevocable and unconditional letter of credit in an amount of $4,677,013 in respect of its Obligations under the Existing Insurance Agreements and the Existing Policies (each such letter of credit individually and collectively being referred to herein as the “SpinCo LOC”), issued in a form and by a bank or other financial institution, in each case acceptable to the Company; and/or such other forms of collateral as the Company may permit from time to time. The SpinCo LOC shall be in an aggregate amount that is less than the aggregate amount of the Existing Collateral provided by SpinCo and shall secure the SpinCo Retained Obligations and the Obligations assumed by SpinCo in the SpinCo Assumption (the “SpinCo Assumed Obligations”).

(ii) The SpinCo LOC shall be “evergreen,” meaning that it shall provide by its terms that it will be renewed automatically each year for an additional year unless written notice of non-renewal is received by the Company at least sixty (60) days prior to the SpinCo LOC’s anniversary date. If the Company permits SpinCo to provide collateral in a form other than the SpinCo LOC, SpinCo shall provide such collateral in an amount and form acceptable to the Company.

(iii) In addition to the SpinCo LOC, SpinCo will, within fifteen (15) days after the Effective Date, enter into a pledge and security agreement in a form acceptable to the Company, pursuant to which SpinCo will establish a securities account for the benefit of the Company and grant the Company a continuing first priority security interest in and lien on all of their respective right, title and interest, if any, in and to the assets deposited in such securities account and all proceeds thereof as security for their now existing and hereafter arising Obligations to the Company or such ACE Affiliates (the “SpinCo Pledged Account”). In addition, SpinCo will enter into a control agreement in a form and with a custodian acceptable to the Company pursuant to which SpinCo will grant the Company with control over the SpinCo Pledged Account such that the Company may perfect its security interest in such account and the assets deposited therein. The initial total market value of the assets to be deposited into the SpinCo Pledged Account is $10,534,118. The SpinCo Pledged Account shall secure the SpinCo Assumed Obligations.

 

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(iv) SpinCo shall keep the SpinCo LOC and the SpinCo Pledged Account in place (or other collateral acceptable to the Company) as security for payment of the SpinCo Retained Obligations and the SpinCo Assumed Obligations, until the Company determines in its sole discretion that there is no longer any need for such collateral. If there shall be a material deterioration in the financial condition of the bank or other financial institution which has issued the SpinCo LOC, the Company shall have the right to require SpinCo to replace the SpinCo LOC with a new letter of credit with similar terms issued by a bank or other financial institution then acceptable to the Company.

(v) The Company shall have the right to draw against the SpinCo LOC or the SpinCo Pledged Account and/or other collateral in each instance where any portion of the SpinCo Retained Obligation or the SpinCo Assumed Obligations for any reason is not fulfilled in the manner and within the time periods required under this Agreement or the Existing Policies or Existing Insurance Agreements giving rise thereto.

(vi) Annually, the Company shall review and redetermine the amount of the SpinCo Retained Obligations and the SpinCo Assumed Obligations and the amount of collateral security required pursuant to this Agreement. At such time, SpinCo will provide its most recent audited financial statements, interim financial statements, and any other financial information reasonably requested by the Company for the purpose of evaluating the financial condition of SpinCo. SpinCo will provide any needed increases in the amount of the SpinCo LOC or the SpinCo Pledged Account (and/or other collateral if acceptable to the Company) within thirty (30) days of the Company’s written request for such increase. The Company will effect any decreases in the amount of the SpinCo LOC or the SpinCo Pledged Account (and/or other collateral) promptly, provided that SpinCo is not in breach of any of its obligations under this Agreement, the Existing Policies or any Existing Insurance Agreement.

(b) RemainCo LOC and Pledged Account.

(i) RemainCo will, within fifteen (15) days after the Effective Date, provide to the Company, as beneficiary thereof, a clean, irrevocable and unconditional letter of credit in an amount of $1,779,466 in respect of its Obligations under the Existing Insurance Agreements and the Existing Policies (each such letter of credit individually and collectively being referred to herein as the “RemainCo LOC”), issued in a form and by a bank or other financial institution, in each case acceptable to the Company; and/or such other forms of collateral as the Company may permit from time to time. The RemainCo LOC shall be in an aggregate amount that is less than the aggregate amount of the Existing Collateral provided by RemainCo and shall secure the RemainCo Retained Obligations and the Obligations assumed by RemainCo in the RemainCo Assumption (the “RemainCo Assumed Obligations”).

 

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(ii) The RemainCo LOC shall be “evergreen,” meaning that it shall provide by its terms that it will be renewed automatically each year for an additional year unless written notice of non-renewal is received by the Company at least sixty (60) days prior to the RemainCo LOC’s anniversary date. If the Company permits RemainCo to provide collateral in a form other than the RemainCo LOC, RemainCo shall provide such collateral in an amount and form acceptable to the Company.

(iii) In addition to the RemainCo LOC, RemainCo has previously entered into a Pledge and Security Agreement with the Company, pursuant to which RemainCo established a securities account for the benefit of the Company and granted to the Company a continuing first priority security interest in and lien on all of their respective right, title and interest, if any, in and to the assets deposited in such securities account and all proceeds thereof as security for their now existing and hereafter arising Obligations to the Company or such ACE Affiliates (the “RemainCo Pledged Account”). In addition, RemainCo entered into a Control Agreement with Bank of America, pursuant to which RemainCo granted the Company such control over the SpinCo Pledged Account so as to allow the Company to have perfected its security interest in such account and the assets deposited therein. On and after the Effective Date, the total market value of the assets which must be maintained in the RemainCo Pledged Account shall be $4,070,382. Upon receipt of the security to be provided by SpinCo under this Agreement, the Company will consent to the withdrawal of assets on deposit in the RemainCo Pledged Account as necessary to reduce the value of the RemainCo Pledged Account to this amount. The RemainCo Pledged Account shall secure the RemainCo Assumed Obligations.

(iv) RemainCo shall keep the RemainCo LOC and the RemainCo Pledged Account in place (or other collateral acceptable to the Company) as security for payment of the RemainCo Retained Obligations and the RemainCo Assumed Obligations, until the Company determines in its sole discretion that there is no longer any need for such collateral. If there shall be a material deterioration in the financial condition of the bank or other financial institution which has issued the RemainCo LOC, the Company shall have the right to require RemainCo to replace the RemainCo LOC with a new letter of credit with similar terms issued by a bank or other financial institution then acceptable to the Company.

(v) The Company shall have the right to draw against the RemainCo LOC or the RemainCo Pledged Account and/or other collateral in each instance where any portion of the RemainCo Retained Obligations or the RemainCo Assumed Obligations for any reason is not fulfilled in the manner and within the time periods required under this Agreement or the Existing Policies or Existing Insurance Agreements giving rise thereto.

(vi) Annually, the Company shall review and redetermine the amount of the RemainCo Retained Obligations and the RemainCo Assumed Obligations

 

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and the amount of collateral security required pursuant to this Agreement. At such time, RemainCo will provide its most recent audited financial statements, interim financial statements, and any other financial information reasonably requested by the Company for the purpose of evaluating the financial condition of RemainCo. RemainCo will provide any needed increases in the amount of the RemainCo LOC or the RemainCo Pledged Account (and/or other collateral if acceptable to the Company) within thirty (30) days of the Company’s written request. The Company will effect any decreases in the amount of the RemainCo LOC or the RemainCo Pledged Account (and/or other collateral) promptly, provided that RemainCo is not in breach of any of its obligations under this Agreement, the Existing Policies or any Existing Insurance Agreement.

(c) Substituted Collateral. Notwithstanding anything in any Existing Policy or Existing Insurance Agreement to the contrary, the Parties, each RemainCo Entity that is a party hereto and each SpinCo Entity that is a party hereto hereby agree that, upon receipt of the Substituted Collateral, the Existing Collateral shall be replaced with such Substituted Collateral and, accordingly, shall be released by the Company and the ACE Affiliates.

(d) Fee. No later than fifteen (15) days after the Effective Date, RemainCo shall pay to the Company the Fee, which shall be paid pursuant to the Company’s wire instructions as provided to RemainCo in writing prior to the date such Fee is payable.

6. Existing Collateral. The Substituted Collateral required to be provided by SpinCo and RemainCo hereunder shall, except to the extent provided otherwise in this Agreement, be subject to all of the terms and conditions applicable to the Existing Collateral pursuant to the Existing Insurance Agreements to the same extent that such terms and conditions applied to the Existing Collateral thereunder.

7. Security Interest. Each of SpinCo and RemainCo may separately provide (or have provided) to the Company and ESIS, from time to time, funds to be credited to paid loss deposit funds, deductible funds and/ or loss funds (collectively, “Cash Collateral”) that the Company or ESIS shall hold pursuant to the Existing Insurance Agreements with respect to the SpinCo Retained Obligations and the SpinCo Assumed Obligations, in the case of SpinCo, and with respect to the RemainCo Retained Obligations and the RemainCo Assumed Obligations, in the case of RemainCo. Each of SpinCo and RemainCo hereby grant to the Company, for its benefit and the benefit of the ACE Affiliates, a continuing first priority security interest in and lien on all of their respective right, title and interest, if any, in and to the Cash Collateral and all proceeds thereof as security for their now existing and hereafter arising Obligations to the Company or such ACE Affiliates. The Company shall hold the Cash Collateral in accordance with the terms of the applicable Existing Insurance Agreement pursuant to which such Cash Collateral was provided to the Company or the applicable ACE Affiliate. The Company shall have the sole and exclusive right, and is hereby authorized, to use the Cash Collateral to pay any and all Obligations of SpinCo and/or RemainCo in accordance with the Company Designation in accordance with the terms of the applicable Existing Insurance Agreement and this Agreement.

 

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8. Billing. On and after the Effective Date, the Company (or any third party administrator acting on behalf of the Company in respect of an Existing Policy) will, in each case in accordance with the billing procedures set forth in the applicable Existing Policy and Existing Insurance Agreement:

(a) bill SpinCo directly for the SpinCo Retained Obligations and the SpinCo Assumed Obligations; and

(b) bill RemainCo directly for the RemainCo Retained Obligations and the RemainCo Assumed Obligations.

9. Amendments. Neither this Agreement nor any provision hereof may be amended, changed, waived, discharged or terminated except by a written instrument signed by the Company, RemainCo, SpinCo and each other Party, if any, against whom enforcement of such amendment, change, waiver, discharge or termination is sought.

10. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns. Neither this Agreement nor any right or obligation hereunder may be assigned or conveyed by any Party without the prior written consent of the other Parties, which consent shall not be unreasonably withheld.

11. No Waiver. The failure or refusal by any Party to exercise any rights granted hereunder shall not constitute a waiver of such rights or preclude the subsequent exercise thereof, and no oral communication shall be asserted as a waiver of any such rights hereunder unless such communication shall be confirmed in a writing plainly expressing an intent to waive such rights and signed by the Party against whom such waiver is asserted.

12. Counterparts. This Agreement may be executed in any number of counterparts each of which when so executed and delivered shall constitute an original, but such counterparts together shall constitute one and the same agreement. The exchange of copies of this Agreement and of signature pages by facsimile transmission or by electronic mail shall constitute effective execution and delivery of this Agreement as to the Parties and may be used in lieu of the original Agreement for all purposes. Signatures of the Parties and other Persons signatory hereto transmitted by facsimile or by electronic mail shall be deemed to be their original signatures for all purposes.

13. No Third Party Beneficiary. This Agreement shall not be deemed to give any right or remedy to any third party whatsoever unless otherwise specifically granted hereunder.

14. Parties’ Representations. As of the Effective Date, each of the Parties expressly represents on its own behalf: (a) it is an entity in good standing in its jurisdiction of organization; (b) it has all requisite corporate power and authority to enter into this Agreement, and to perform its obligations hereunder; (c) the execution and delivery by it of this Agreement, and the performance by it of its obligations under this Agreement, have been duly authorized by all necessary corporate or other action; (d) this Agreement, when duly executed and delivered by it, and subject to the due execution and delivery hereof by the other Parties, will be a valid and binding obligation of it, enforceable against it, its successors and permitted assigns, in

 

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accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general equity principles; (e) the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby in accordance with the respective terms and conditions hereof will not (i) violate any provision of its Organizational Documents, (ii) violate any applicable order, judgment, injunction, award or decree of any court, arbitrator or governmental or regulatory body against it, or binding upon it, or any agreement with, or condition imposed by, any governmental or regulatory body, foreign or domestic, binding upon it as of the date hereof, or (iii) violate any agreement, contract, obligation, promise or undertaking that is legally binding and to which it is a party or by which it is bound; and (f) the signatory hereto on behalf of it is duly authorized and legally empowered to enter into this Agreement on its behalf.

15. Notices. Any and all notices, requests, approvals, authorizations, consents, instructions, designations and other communications that are required or permitted to be given pursuant to this Agreement shall be in writing and may be given either by personal delivery, first class prepaid post (airmail if to another country) or by internationally recognized overnight delivery service to the following address, or to such other address and recipient as such Party may have notified in accordance with the terms of this section as being its address or recipient for notification for the purposes of this Agreement:

 

If to the Company		ACE American Insurance Company
		225 E. John Carpenter Freeway, Suite 1300
		Irving, TX 75062
		Attention: Underwriting Manager
		ACE Risk Management
		Telephone:         ###-###-####
		Facsimile:         ###-###-####
If to any SpinCo Entity:		Babcock & Wilcox Enterprises, Inc.
		13024 Ballantyne Place, Suite 700
		Charlotte, NC 28277
		Attention: Senior Manager-Insurance (with a copy to the General Counsel)
		Telephone: (704) 625.4888
		Facsimile: (704) 625.4910
If to any RemainCo Entity:		The Babcock & Wilcox Company
		11525 North Community House Road
		Suite 600
		Charlotte, NC 28277
		Attention: Chief Risk Officer (with a copy to the General Counsel)
		Telephone: (980) 365.4181
		Facsimile: (980)  ###-###-####

 

13

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Any notice or communication to any Person shall be deemed to be received by that Person:

 

(A)

upon personal delivery; or

 

(B)

upon receipt if sent by mail or courier.

16. Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the Commonwealth of Pennsylvania without regard to those provisions concerning conflicts of laws that would result in the application of the laws of any other jurisdiction.

17. Entire Agreement. This Agreement, together with the Existing Policies and Existing Insurance Agreements, constitute the entire agreement among all of the Parties and supersedes all other prior agreements and understandings, both written and oral, with respect to the subject matter hereof.

18. Dispute Resolution. If a dispute between either SpinCo or RemainCo, on the one hand, and the Company or any ACE Affiliate, on the other hand, involves rights or obligations arising under this Agreement, or any of the Existing Policies or Existing Insurance Agreements, the arbitration provisions in the most recent Existing Insurance Agreement referenced in Exhibit II shall govern the resolution of the entire dispute in all respects. In any such arbitration brought by or against SpinCo or RemainCo, the other of RemainCo or SpinCo, as applicable, shall have right to associate effectively in the defense and/or prosecution of such arbitration.

19. Severability. If any term or other provision of this Agreement or the Exhibits attached hereto is determined by a nonappealable decision by a court, administrative agency or arbitrator to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the court, administrative agency or arbitrator shall interpret this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled to the fullest extent possible. If any sentence in this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is enforceable.

20. Rules of Construction. The definitions of terms used herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such

 

14

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agreement, instrument or other document as from time to time amended, supplemented or otherwise modified, (b) any reference herein to any law shall be construed as referring to such law as amended, modified, codified or reenacted, in whole or in part, and in effect from time to time, (c) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to the restrictions contained herein), (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (e) with respect to the determination of any time period, the word “from” means “from and including” and the word “to” means “to and including” and (f) any reference herein to Articles, Sections and Exhibits shall be construed to refer to Articles and Sections of, and Exhibits to, this Agreement. No provision of this Agreement shall be interpreted or construed against any Person solely because such Person or its legal representative drafted such provision.

[Remainder of Page Intentionally Left Blank]

 

15

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IN WITNESS WHEREOF, the Parties intending to be legally bound hereby have executed this Agreement, by their duly authorized representatives.

 

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ACKNOWLEDGED AND AGREED FOR PURPOSES OF SECTIONS 2, 3 and 5(c):

 

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ACKNOWLEDGED AND AGREED FOR PURPOSES OF SECTIONS 2, 3 and 5(c):

 

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EXHIBIT I – SPINCO ENTITIES

See Schedule 1.1(d) and Schedule 1.1(l) attached hereto. No SpinCo Entity listed on Schedule 1.1(d) shall be deemed to be an “Insured”, a “Named Insured” or otherwise be deemed to be insured under any Existing Policy or Existing Insurance Agreement solely by virtue of being listed on such Schedule 1.1(d).

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Schedule 1.1(d)

Designated SpinCo Entities

 

Reference ID		Name
333		Ahahsain Hudson Heat Transfer Co. Ltd
398		Advanced Refractory Technologies, Inc.
		A.M. Lockett & Co., Limited
		Amcermet Corporation
732		Applied Synergistics, Inc.
924		ASEA Babcock
235		Ash Acquisition Company
326		B & W Clarion, Inc.
574		B&W Ebensburg Pa., Inc.
383		B&W Fort Worth Power,Inc.
922		B&W Mexicana, S.A. de C.V.
9991		B&W North Branch G.P., Inc.
9990		B&W North Branch L.P., Inc.
586		B&W Saba, Inc.
591		B&W Service Company
		B&W Tubular Products Limited
212		Babcock & Wilcox Asia Investment Co., Inc.
115		Babcock & Wilcox Asia Limited
533		Babcock & Wilcox Canada Leasing Ltd.
1570		Babcock & Wilcox China Holdings, Inc.
215		Babcock & Wilcox China Investment Co., Inc.
1571		Babcock & Wilcox Denmark Holdings, LLC
594		Babcock & Wilcox do Brasil Limitada
528		Babcock & Wilcox do Brasil Participacoes Limitada
206		Babcock & Wilcox Egypt SAE
169		Babcock & Wilcox Fibras Ceramicas Limitada
557		Babcock & Wilcox Foreign Sales Corporation
175		Babcock & Wilcox Gama Kazan Teknolojisi A.S.
552		Babcock & Wilcox General Contracting Company
395		Babcock & Wilcox HRSG Company
		Babcock & Wilcox Industries, Ltd.
2045		Babcock & Wilcox International Construction Co., Inc.
305		Babcock & Wilcox Jonesboro Power, Inc.
		Babcock & Wilcox Refractories limited
323		Babcock & Wilcox Salt City Power, Inc.
322		Babcock & Wilcox Tracy Power, Inc.
314		Babcock & Wilcox Victorville Power, Inc:
727		Babcock & Wilcox Volund France SAS
315		Babcock PFBC, Inc.

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Reference ID		Name
559		Babcock Southwest Construction Corporation
936		Babcock-Ultrapower Jonesboro
937		Babcock-Ultrapower West Enfield
951		Bailey Beijing Controls Co., Ltd.
516		Bailey Controls Australia Pty. Limited
517		Bailey Controls International Sales & Services Company, Inc.
954		Bailey Controls Jordan for Process Controls Services, ltd.
563		Bailey Controls Sales & Service (Australia) Pty. Limited
564		Bailey Controls Sales & Services Canada Inc.
561		Bailey do Brasil lnstrumentos Industrials Limitada
114		Bailey International, Inc.
923		Bailey Japan Company Limited
542		Bailey Meter and Controls Company
		Bailey Meter Company
562		Bailey Meter Co. (Japan) Ltd.
		Bailey Meter Company Limited
		Bailey Meter GmbH
		C.C. Moore & Company Engineers
329		Clarion Energy, Inc.
328		Clarion Power Company
		Control Components France
514		Control Components Italy S.R.L.
		Control Components, Inc. (California)
		Control Components, Inc. (Delaware)
948		Control Components Japan
545		Detroit Broach & Machine Corporation
551		Diamond Blower Company Limited
		Diamond Canapower Ltd.
518		Diamond Power lmportacao e Exportacao Ltda.
144		Diamond Power Korea Inc.
526		Diamond Power Specialty (Japan) Ltd.
558		Diamond Power Specialty (Proprietary) Limited
546		Diamond Power Specialty Corporation (Delaware)
		Diamond Power Speciality Corporation (Ohio)
529		Diamond Power Specialty GmbH
1990		DPS Berkeley, LLC
1996		DPS Lowell Cogen, LLC
1991		DPS Michigan, LLC
1994		DPS Mojave, LLC
1998		DPS Sabine, LLC
332		Ebensburg Energy, Inc.
397		Ejendomsaktieselskabet Falkevej2
968		EPC Business Trust

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Reference ID		Name
919		Especialidades Termomecanicas, S.A. de C.V.
550		Ferry-Diamond Engineering Company Limited
928		Fibras Ceramicas C.A.
509		Fibras Ceramicas, Inc.
547		Globe Steel Tubes Corporation
		Greer Land Co.
		Holmes Insulations Limited
2001		Ivey-Cooper Services, L.L.C.
941		lsolite Babcock Refractories Company, Ltd.
927		lsolite Eastern Union Refractories Co., Ltd.
920		KBW Gasification Systems, Inc.
512		LT Produkter i Skutskar AB
938		Maine Power Services
345		McDermott Heat Transfer Company
344		McDermott Productos Industriales de Mexico, S.A. de C.V.
946		Medidores Bailey, S.A. de C.V.
942		Morganite Ceramic Fibres Limited
943		Morganite Ceramic Fibres Pty. Limited
944		Morganite Ceramic Fibres S. A.
544		National Ecology (Alabama) Incorporated
575		National Ecology (Utah) Incorporated
540		National Ecology Company
976		Nooter/Eriksen - Babcock & Wilcox, L.L.C.
933		North American CWF Partnership
9989		North Branch Power Company L.P.
971		North County Operations Associates
501		North County Recycling, Inc.
1153		P. T. Heat Exchangers Indonesia
934		Palm Beach Energy Associates
		Piedmont Tool Machine Company
581		Power Systems Sunnyside Operations GP, Inc.
583		Power Systems Sunnyside Operations LP, Inc.
508		Productos de Caolin, Inc.
577		PSO Caribbean, Inc.
932		South Point CWF
556		Sunland Construction Co., Inc.
988		Sunnyside Cogeneration Associates
582		Sunnyside II, Inc.
992		Sunnyside II, L.P
303		Sunnyside III, Inc.
993		Sunnyside Operations Associates L.P.
571		Termobloc Industria E Comercio Ltda.
953		Thermax Babcock & Wilcox Limited
502		TLT - Babcock, Inc.
1152		W.E. Smith Hudson Pty. Ltd.

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Schedule 1.1(l)

SpinCo Subsidiaries

 

Reference ID		Name		Jurisdiction		Formation
		Adtec AB
553		Americon Equipment Services, Inc.		Delaware		12/3/1985
554		Americon, Inc.		Delaware		3/29/1985
127		B&W de Panama, Inc.		Panama		3/5/1986
2075		B&W PGG Luxembourg Canada Holdings SARL		Luxembourg		11/21/2013
2054		B&W PGG Luxembourg Finance SARL		Luxembourg		11/15/2011
2053		B&W PGG Luxembourg Holdings SARL		Luxembourg		11/15/2011
555		Babcock & Wilcox Construction Co., Inc.		Delaware		3/29/1985
2107		Babcock & Wilcox Monterrey Finance SARL		Luxembourg		12/5/2014
2011		Babcock & Wilcox de Monterrey S.A. de C.V.		Mexico		9/16/2009
327		Babcock & Wilcox Ebensburg Power, LLC		Delaware		12/2/1986
302		Babcock & Wilcox Equity Investments, LLC		Delaware		12/10/1984
2080		Babcock & Wilcox Global Sales & Services - Chile SpA		Chile		5/19/2014
2081		Babcock & Wilcox Global Sales & Services SARL		Luxembourg		3/19/2014
2114		Babcock & Wilcox Holdings, Inc.		Delaware		4/20/2015
2028		Babcock & Wilcox India Holdings, Inc.		Delaware		3/4/2010
598		Babcock & Wilcox India Private Limited		India		2/3/1999
126		Babcock & Wilcox International Investments Co., Inc.		Panama		10/23/1985
530		Babcock & Wilcox International Sales and Service Corporation		Delaware		9/27/1973
541		Babcock & Wilcox International, Inc.		Delaware		5/20/1981
2072		Babcock & Wilcox Power Generation Group Canada Corp.		Nova Scotia		11/27/2013
500		Babcock & Wilcox Power Generation Group, Inc.		Delaware		12/16/1977
595		Babcock & Wilcox Technology, Inc.		Delaware		3/6/1997
599		Babcock & Wilcox Volund A/S		Denmark		11/22/1999
2113		Dampkraft Insurance Company		South Carolina		4/14/2015
1988		Delta Power Services, LLC		Delaware		3/1/2001
766		Diamond Operating Co., Inc.		Delaware		3/1/2002
1572		Diamond Power Australia Holdings, Inc.		Delaware		9/3/2002
1984		Diamond Power Central & Eastern Europe s.r.o.		Czech Republic		3/25/2008
1573		Diamond Power China Holdings, Inc.		Delaware		9/3/2002
521		Diamond Power do Brasil Limitada		Brazil		2/13/1998
1574		Diamond Power Equity Investments, Inc.		Delaware		9/3/2002

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Reference ID		Name		Jurisdiction		Formation
525		Diamond Power Finland OY		Finland		3/14/1985
504		Diamond Power Germany GmbH		Germany		10/30/2001
597		Diamond Power International, Inc.		Delaware		3/6/1997
949		Diamond Power Machine (Hubei) Co., Inc.		China		4/20/2004
1908		Diamond Power Services S.E.A. Ltd.		Thailand		2/22/2000
522		Diamond Power Specialty (Proprietary) Limited		Republic of South Africa		4/29/1998
523		Diamond Power Specialty Limited		United Kingdom		3/5/1913
524		Diamond Power Sweden AB		Sweden		3/2/1965
2079		DPS Anson, LLC		Delaware		1/15/2014
2044		DPS Berlin, LLC		Delaware		2/24/2011
1997		DPS Cadillac, LLC		Delaware		2/17/2006
1995		DPS Florida, LLC		Delaware		10/25/2005
1993		DPS Gregory, LLC		Delaware		11/10/2004
1992		DPS Mecklenburg, LLC		Delaware		9/27/2004
9999		DPS Piedmont, LLC		Delaware		6/29/2010
2082		Ebensburg Energy, LLC		Delaware		3/27/2014
967		Ebensburg Investors Limited Partnership		Pennsylvania		3/26/1992
331		Ebensburg Power Company		Pennsylvania		12/9/1986
		Gotaverken Emission Technology AB
2027		Gotaverken Milijo AB		Sweden		12/3/2003
2055		Loibl Allen-Sherman Hoff GmbH		Germany		12/16/1993
2104		MEGTEC Acquisition, LLC		Delaware		8/8/2008
2097		MEGTEC Energy & Environmental LLC		Delaware		4/22/2008
2092		MEGTEC Environmental Limited		United Kingdom		12/12/2003
2100		MEGTEC Europe Cooperatief U.A.		Netherlands		8/20/2008
2083		MEGTEC Holdings, Inc.		Delaware		8/8/2008
2089		MEGTEC IEPG BV		Netherlands
2103		MEGTEC India Holdings, LLC		Delaware		4/22/2008
2101		MEGTEC PPG BV		Netherlands		9/17/2008
2091		MEGTEC Systems AB		Sweden		8/8/1970
2095		MEGTEC Systems Amal AB		Sweden		7/17/2001
2098		MEGTEC Systems Australia, Inc.		Delaware		1/12/1999
2087		MEGTEC Systems India Private Ltd.		India		12/19/2005
2094		MEGTEC Systems Limited		United Kingdom		9/17/2008
2093		MEGTEC Systems S.A.S.		France		11/23/1974
2086		MEGTEC Systems Shanghai Ltd.		China
2096		MEGTEC Systems, Inc.		Delaware		7/7/1997
2085		MEGTEC Thermal Energy & Environmental Technology (Shanghai), LTD.		China

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Reference ID		Name		Jurisdiction		Formation
2088		MEGTEC TurboSonic Inc.		Ontario		7/1/2000
2099		MEGTEC TurboSonic Technologies, Inc.		Delaware		4/14/1961
2101		MTS Asia, Inc.		Delaware		6/17/2001
2090		MTS Environmental GmbH		Germany		2/27/2008
1989		O&M Holding Company		Delaware		6/26/2008
707		P.T. Babcock & Wilcox Asia		Indonesia		8/24/2000
534		Palm Beach Resource Recovery Corporation		Florida		10/26/1984
560		Power Systems Operations, Inc.		Delaware		10/22/1985
568		Revloc Reclamation Service, Inc.		Delaware		7/2/1990
2013		Servicios de Fabricacion de Valle Soleado, S.A. de C.V.		Mexico		7/31/2009
2012		Servicios Profesionales de Valle Soleado, S.A. de C.V.		Mexico		7/31/2009
767		SOFCo - EFS Holdings LLC		Delaware		2/22/2002

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EXHIBIT II –EXISTING INSURANCE AGREEMENTS

 

Name of Agreement

Party to Agreement

Party to Agreement

Party to Agreement

Party to Agreement

Party to Agreement

Effective Date of Agreement

Cash Flow Deductible Workers’ Compensation Agreement

The Babcock & Wilcox Company

Insurance Company of North America

4/1/1991

Workers Compensation Deductible Funding Agreement

Babcock & Wilcox Company

CIGNA Insurance Company of Texas

Pacific Employers Insurance Company

4/1/1992

Agreement for Workers Compensation Residual market Assessments

Babcock & Wilcox Company

CIGNA Insurance Company of Texas

Pacific Employers Insurance Company

4/1/1992

Casualty Insurance Program Agreement

The Babcock & Wilcox Company

Pacific Employers Insurance Company

4/1/1993

Agreement for Workers Compensation Residual market Assessments Captive Program

Pacific Employers Insurance Company

Creole Insurance Company, Ltd

4/1/1993

Casualty Insurance Program Agreement

The Babcock & Wilcox Company

Pacific Employers Insurance Company

4/1/1994

Agreement for Workers compensation Residual Market Assessments Captive Program

Pacific Employers Insurance Company

Creole Insurance Company, Ltd

4/1/1994

Casualty Insurance Program Agreement

The Babcock & Wilcox Company

CIGNA Insurance Company

Bankers Standard Insurance Company

4/1/1995

Casualty Insurance Program Agreement

The Babcock & Wilcox Company

CIGNA Insurance Company

Bankers Standard Insurance Company

4/1/1995

Addendum I Casualty Insurance Program Agreement

The Babcock & Wilcox Company

CIGNA Insurance Company

Bankers Standard Insurance Company

4/1/1996

Reinsurance Agreement

Honore Insurance Company Limited

CIGNA Insurance Company

4/1/1997

Reinsurance Agreement

Honore Insurance Company Limited

CIGNA Insurance Company of Canada

4/1/1997

Addendum III Casualty Insurance Program Agreement

The Babcock & Wilcox Company

CIGNA Insurance Company

Bankers Standard Insurance Company

Pacific Employers Insurance Company

4/1/1997

Final Summary of Proposal

Aon Risk Services of Texas, Inc

Pacific Employers Ins/Bankers Standard Ins.

4/1/1997

Canadian Reinsurance Agreement

Honore Insurance Company Limited

CIGNA Insurance Company of Canada

4/1/1997

Addendum I - Canadian Reinsurance Agreement

Honore Insurance Company Limited

CIGNA Insurance Company of Canada

4/1/1997

Agreement Regarding Return Premiums

Babcock & Wilcox Company

Creole Insurance Company, Limited

CIGNA Insurance Company

Indemnity Insurance Company of North American

CIGNA Insurance Company of Canada

7/28/1997

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Name of Agreement

Party to Agreement

Party to Agreement

Party to Agreement

Party to Agreement

Party to Agreement

Effective Date of Agreement

Agreement Regarding Return Premiums

The Babcock & Wilcox Company

Creole Insurance Company, Limited

CIGNA Insurance Company

Indemnity Insurance Company of NA

CIGNA Insurance Company of Canada

7/28/1997

Agreement

The Babcock & Wilcox Company

Pacific Employers Insurance Company

4/1/1998

Casualty Insurance Program Agreement

The Babcock & Wilcox Company

CIGNA Insurance Company of Texas

Pacific Employers Insurance Company

4/1/1998

Addendum I Reinsurance Agreement

Honore Insurance Company Ltd

CIGNA Insurance Company of Canada

4/1/1998

Casualty Insurance Program Agreement

The Babcock & Wilcox Company

CIGNA Insurance Company of Texas

Pacific Employers Insurance Company

4/1/1998

Cash Flow Deductible Workers’ Compensation Program

AON Risk Services of Texas, Inc.

CIGNA Insurance Company of Texas

Pacific Employers Insurance Company

4/1/1998

Cash Flow High Deductible Program

AON Risk Services of Texas, Inc.

Insurance Company of North America

Pacific Employers Insurance Company

4/1/1998

Specific Excess Workers’ Compensation & Employers’ Liability

AON Risk Services of Texas, Inc.

CIGNA Insurance Company

4/1/1998

TPA Agreement

The Babcock & Wilcox Company

Pacific Employers Insurance Co.

4/1/1998

Casualty Insurance Program Agreement

The Babcock & Wilcox Company

CIGNA Insurance Company of Texas

Pacific Employers Insurance Company

4/1/1998

Casualty Insurance Program Agreement

The Babcock & Wilcox Company

CIGNA Insurance Company of Texas

Pacific Employers Insurance Company

4/1/1998

Final Summary of Proposal

Aon Risk Services of Texas, Inc

Pacific Employers Insurance Co.

CIGNA Insurance Company

4/1/1998

Agreement

The Babcock & Wilcox Company

Pacific Employers Insurance Company

4/1/1999

Addendum I Casualty Insurance Program Agreement

The Babcock & Wilcox Company

Pacific Employers Insurance Company

ACE Insurance Company of Texas (formerly CIGNA Insurance company of Texas

4/1/1999

Addendum II Casualty Insurance Program Agreement

The Babcock & Wilcox Company

Pacific Employers Insurance Company

CIGNA Insurance Company of Texas

4/1/1999

Addendum II to Reinsurance Agreement

Cigna Insurance Company of Canada

Honore Insurance Company Limited

4/1/1999

Addendum III to Reinsurance Agreement

ACE INA Insurance (formerly CIGNA Insurance Company of Canada

Honore Insurance Company Limited

4/1/1999

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Name of Agreement

Party to Agreement

Party to Agreement

Party to Agreement

Party to Agreement

Party to Agreement

Effective Date of Agreement

Multi-Line Deductible Cash Flow Insurance

AON Risk Services of Texas, Inc.

Pacific Employers Insurance Company

CIGNA Insurance Company

Insurance Company of North America

4/1/1999

Combined Multi-Line Program Agreement

Pacific Employers Insurance Company

Babcock & Wilson Company

1/1/2000

Addendum IV Reinsurance Agreement

ACE INA Insurance

Honore Insurance Company Limited

1/1/2000

Addendum II Combined Multi-line Program Agreement

Pacific Employers Insurance Company

Babcock & Wilson Company

1/1/2001

Addendum V to Reinsurance Agreement

ACE INA Insurance

Honore Insurance Company Limited

1/1/2001

Addendum IV to Combined Multi-Line Program Agreement

Pacific Employers Insurance Company

Babcock & Wilson Company

1/1/2002

Addendum VI to Reinsurance Agreement

ACE INA Insurance

Pirogue Insurance Company, Ltd

1/1/2002

Addendum V to Combined Multi-Line Program Agreement

Babcock & Wilcox Company

ACE American Insurance Company

Pacific Employers Insurance Company

1/1/2003

Addendum VII to Reinsurance Agreement

ACE INA Insurance

Pirogue Insurance Company, Ltd

1/1/2003

Addendum VI to Combined multi-Line Program

Babcock & Wilcox Company

ACE American Insurance Company

Pacific Employers Insurance Company

ACE INA Insurance Company

1/1/2004

Addendum VII to Combined Multi-Line Program Agreement

Babcock & Wilcox Company

ACE American Insurance Company

ACE INA Insurance Company

1/1/2005

Casualty Program Binder

The Babcock & Wilcox Company

ACE American Insurance Company

ACE INA Insurance

1/1/2006

Casualty Program Binder

The Babcock & Wilcox Company

ACE American Insurance Company

ACE INA Insurance

1/1/2007

Casualty Program Binder

The Babcock & Wilcox Company

ACE American Insurance Company

ACE INA Insurance

Indemnity Insurance Company of North America

1/1/2008

Casualty Program Proposal

The Babcock & Wilcox Company

ACE American Insurance Company

ACE INA Insurance

Indemnity Insurance Company of North America

1/1/2009

Casualty Program Proposal

The Babcock & Wilcox Company

ACE American Insurance Company

ACE INA Insurance

Indemnity Insurance Company of North America

1/1/2010

Assumption and Loss Allocation Agreement

Babcock & Wilcox Holdings, Inc.

McDermott International, Inc.

ACE American Insurance Company

5/18/2010

Novation and Assumption Agreement

Creole Insurance Company, Ltd.

Boudin Insurance Company, Ltd.

ACE American Insurance Company

5/18/2010

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Name of Agreement

Party to Agreement

Party to Agreement

Party to Agreement

Party to Agreement

Party to Agreement

Effective Date of Agreement

Casualty Program Binder

The Babcock & Wilcox Company

ACE American Insurance Company

Indemnity Insurance Company of North America

1/1/2011

Casualty Program Binder

The Babcock & Wilcox Company

ACE American Insurance Company

Indemnity Insurance Company of North America

1/1/2012

Casualty Program Binder

The Babcock & Wilcox Company

ACE American Insurance Company

Indemnity Insurance Company of North America

1/1/2013

Casualty Program Binder

The Babcock & Wilcox Company

ACE American Insurance Company

Indemnity Insurance Company of North America

11/15/2013

Casualty Program Binder

The Babcock & Wilcox Company

ACE American Insurance Company

Indemnity Insurance Company of North America

11/15/2014

---

EXHIBIT III –EXISTING POLICIES

 

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
4/1/1982		4/1/1983		GLP 829719		Babcock & Wilcox Company		GL		INA
4/1/1982		4/1/1985		XCP 014414		Intermountain Power Agency Department of Water & Power City of Los Angeles		XGL		INA
4/1/1983		4/1/1984		RSC C20704202		Babcock & Wilcox Company		WC		INA - TX
4/1/1983		4/1/1984		RSC C20704226		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1983		4/1/1984		SCA 5914		The Babcock & Wilcox Company		Auto		INA - TX
4/1/1984		4/1/1985		RSC C22890785		TLT Babcock, Inc., a Joint Venture		WC		Pacific Employers
3/8/1985		3/8/1986		GLP G05111523		Babcock & Wilcox Company		GL		INA
4/1/1985		4/1/1986		RSC C19396812		Babcock & Wilcox Company		WC		Cigna
4/1/1985		4/1/1986		XCP G05111730		Commonwealth Edison Company		XGL		INA
4/1/1985		4/1/1986		XCP G0511326A		Intermountain Power Agency Department of Water & Power City of Los Angeles		GL		INA
4/21/1985		5/2/1985		GLP G05111766		Chevron USA		GL		INA
6/30/1985		7/10/1985		GLP G05112588		Chevron USA		GL		INA
4/1/1986		4/1/1987		CPO G03518656		Babcock & Wilcox Company		GL		INA
4/1/1986		4/1/1987		CPO G05114329		Babcock & Wilcox Company		GL		INA
4/1/1986		4/1/1987		CPO G05114329		Babcock & Wilcox Company		GL		INA
4/1/1986		4/1/1987		XCP G05114184		Arco Oil & Gas Company		XGL		INA
4/1/1987		4/1/1988		CPO G05115401		Babcock & Wilcox Company		XGL		INA
4/1/1987		4/1/1988		CPO G05115620		Babcock & Wilcox Company		GL		INA ILL
4/1/1987		4/1/1988		CPO G05115632		Babcock & Wilcox Company		GL		INA Ohio
4/1/1987		4/1/1988		CPO G05115978		Babcock & Wilcox Company		GL		INA
4/1/1987		4/1/1988		SCA 010999		The Babcock & Wilcox Company		Auto		INA
4/1/1988		4/1/1989		XSL G05194167		The Babcock & Wilcox Company		XGL		INA
4/1/1988		4/1/1989		XSL G05194179		The Babcock & Wilcox Company		XGL		Cigna of Ohio
4/1/1989		4/1/1990		CGO G05195792		Babcock & Wilcox Company		GL		INA
4/1/1989		4/1/1990		CPO G05195809		Babcock & Wilcox Company		GL		INA
4/1/1989		4/1/1990		CPO G05195809		Babcock & Wilcox Company		GL		INA
4/1/1989		4/1/1990		RSC C22291312		B & W Fuel Company		WC		INA
4/1/1989		4/1/1990		RSC C32916879		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1989		4/1/1990		RSC C32916880		Babcock & Wilcox Company		WC		Cigna
4/1/1989		4/1/1990		RSC C32916892		Babcock & Wilcox Company 2		WC		Cigna - ILL
4/1/1989		4/1/1990		RSC C32916922		Babcock & Wilcox Company		WC		Atlantic Employers

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
4/1/1989		4/1/1990		SCA 012151		The Babcock & Wilcox Company		Auto		INA
4/1/1989		4/1/1990		SCA 012152		The Babcock & Wilcox Company		GL		INA
4/1/1989		4/1/1990		XSL G05195780		The Babcock & Wilcox Company		XGL		INA
4/1/1989		4/1/1990		XSL G05195780		The Babcock & Wilcox Company		XGL		INA
9/17/1989		9/17/1990		CRL G0519698A		ASEA - Babcock PFBC Joint Venture		GL		INA
4/1/1990		4/1/1991		CGO G0519751A		Babcock & Wilcox Company		GL		INA
4/1/1990		4/1/1991		CGO G0519751A		Babcock & Wilcox Company		GL		INA
4/1/1990		4/1/1991		CPO G05197521		Babcock & Wilcox Company		GL		INA
4/1/1990		4/1/1991		CPO G05197521		Babcock & Wilcox Company		GL		INA
4/1/1990		4/1/1991		CPO G05197521		Babcock & Wilcox Company		GL		INA
4/1/1990		4/1/1991		RSC C22292286		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1990		4/1/1991		RSC C22292304		Babcock & Wilcox Company		WC		Cigna - ILL
4/1/1990		4/1/1991		RSC C22292316		Babcock & Wilcox Company		WC		Atlantic Employers
4/1/1990		4/1/1991		RSC C22292328		B & W Fuel Company		WC		INA
4/1/1990		4/1/1991		RSC C22292730		Babcock & Wilcox Company		WC		INA
4/1/1990		4/1/1991		RSC C2229362A		Babcock & Wilcox Company		WC		California Union
4/1/1990		4/1/1991		SCA 012197		The Babcock & Wilcox Company		Auto		INA
4/1/1990		4/1/1991		SCA 012198		The Babcock & Wilcox Company		Auto		INA
4/1/1990		4/1/1991		XSL G05197508		The Babcock & Wilcox Company		XGL		INA
9/12/1990		9/12/1991		CPO G13210755		Babcock & Wilcox Company Power Generation Group		GL		INA
4/1/1991		4/1/1992		CGO G13211061		Babcock & Wilcox Company		GL		INA
4/1/1991		4/1/1992		CGO G13211061		Babcock & Wilcox Company		GL		INA
4/1/1991		4/1/1992		CPO G13211073		Babcock & Wilcox Company		GL		INA
4/1/1991		4/1/1992		CPO G13211073		Babcock & Wilcox Company		GL		INA
4/1/1991		4/1/1992		RSC ###-###-####		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1991		4/1/1992		RSC C22293564		Babcock & Wilcox Company		WC		Atlantic Employers
4/1/1991		4/1/1992		RSC C22293898		Babcock & Wilcox Company		WC		INA
4/1/1991		4/1/1992		SCA 012272		Babcock & Wilcox Company		Auto		INA
4/1/1991		4/1/1992		WLR C22293552		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1991		4/1/1992		WLR C22293849		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1991		4/1/1992		WLR C22293850		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1991		4/1/1992		WLR C22293862		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1991		4/1/1992		WLR C22293874		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1991		4/1/1992		WLR C22293886		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1991		4/1/1992		XSL G1321105A		The Babcock & Wilcox Company		XGL		INA

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
4/1/1991		4/1/1992		XWC 011231		Babcock & Wilcox Company		XWC		Cigna
7/22/1991		7/22/1992		XCP G13211437		City of Lakeland, Florida Department of Electric & Water Utilities		XGL		INA
8/24/1991		8/24/1992		OGL G1321153A		PowerSafety International, Inc.		GL		INA
9/12/1991		9/12/1992		CPO G13211541		Babcock & Wilcox Company Power Generation Group		GL		INA
4/1/1992		4/1/1993		CGO G13211887		Babcock & Wilcox Company		GL		INA
4/1/1992		4/1/1993		CPO G13211899		Babcock & Wilcox Company		GL		INA
4/1/1992		4/1/1993		CPO G13211899		Babcock & Wilcox Company		GL		INA
4/1/1992		4/1/1993		RSC C38326259		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1992		4/1/1993		RSC C38326351		Babcock & Wilcox Company		WC		INA
4/1/1992		4/1/1993		WLR C38326260		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1992		4/1/1993		WLR C38326338		Babcock & Wilcox Company		WC		Cigna - TX
4/1/1992		4/1/1993		XCP G13211991		Naheola Cogeneration Limited Partnership & Industrial Development Board		XGL		INA
4/1/1992		4/1/1993		XSL G13211905		The Babcock & Wilcox Company		XGL		INA
4/1/1992		4/1/1993		XWC 011301		Babcock & Wilcox Company		XWC		Cigna
4/1/1993		4/1/1994		CGO G13212612		Babcock & Wilcox Company		GL		INA
4/1/1993		4/1/1994		CGO G13212612		Babcock & Wilcox Company		GL		INA
4/1/1993		4/1/1994		CPO G13212600		Babcock & Wilcox Company		GL		INA
4/1/1993		4/1/1994		RSC C36158621		Babcock & Wilcox Company		WC		INA
4/1/1993		4/1/1994		RSC C39770489		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1993		4/1/1994		SCA 012527		The Babcock & Wilcox Company		Auto		INA
4/1/1993		4/1/1994		SCA 012528		The Babcock & Wilcox Company		Auto		INA
4/1/1993		4/1/1994		XCP G13212673		Naheola Cogeneration Limited Partnership & Industrial Development Board		GL		INA
4/1/1993		4/1/1994		XSL G13212594		The Babcock & Wilcox Company		XGL		INA
4/1/1993		4/1/1994		XSL G13212594		Babcock & Wilcox Company		XGL		INA
8/24/1993		8/24/1994		OGL G13212879		PowerSafety International, Inc.		GL		INA
9/12/1993		9/13/1994		CPO G13212909		Babcock & Wilcox Company Power Generation Group		GL		INA
10/1/1993		4/1/1994		XSL G13212983		Hudson Companies		XGL		INA
4/1/1994		4/1/1995		CGO G13213215		Babcock & Wilcox Company		GL		INA
4/1/1994		4/1/1995		CGO G13213215		Babcock & Wilcox Company		GL		INA
4/1/1994		4/1/1995		CPO G13213203		Babcock & Wilcox Company		GL		INA
4/1/1994		4/1/1995		CPO G13213203		Babcock & Wilcox Company		GL		INA
4/1/1994		4/1/1995		RSC C40809016		Babcock & Wilcox Company		WC		INA
4/1/1994		4/1/1995		RSC C40809491		Babcock & Wilcox Company		WC		Pacific Employers

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
4/1/1994		4/1/1995		SCA 012556		The Babcock & Wilcox Company		Auto		INA
4/1/1994		4/1/1995		WLR C36160159		Babcock & Wilcox Company		WC		Cigna - TX
4/1/1994		4/1/1995		WLR C40809508		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1994		4/1/1995		XSL G13213197		The Babcock & Wilcox Company		XGL		INA
4/1/1994		4/1/1995		XSL G13213197		Babcock & Wilcox Company		XGL		INA
4/1/1994		4/1/1995		XSL G13213227		Hudson Companies		XGL		INA
4/1/1994		4/1/1995		XSL G13213227		Hudson Companies		XGL		INA
8/24/1994		8/24/1995		OGL G13213410		PowerSafety International, Inc.		GL		INA
9/12/1994		9/12/1995		CPO G13213380		Babcock & Wilcox Company Power Generation Group		GL		INA
4/1/1995		4/1/1996		CGO G13213720		Babcock & Wilcox Company		GL		INA
4/1/1995		4/1/1996		CPO G13213719		Babcock & Wilcox Company		GL		IND
4/1/1995		4/1/1996		NWC C3616248A		Babcock & Wilcox Construction Co.		WC		Cigna
4/1/1995		4/1/1996		RSC C36162028		Babcock & Wilcox Company		WC		Cigna
4/1/1995		4/1/1996		RSC C36162053		Hudson Companies		WC		Bankers Standard
4/1/1995		4/1/1996		RSC C3616234A		Babcock & Wilcox Company		WC		Cigna
4/1/1995		4/1/1996		WLR C36161991		Babcock & Wilcox Company		WC		Cigna
4/1/1995		4/1/1996		WLR C36162004		Babcock & Wilcox Company		WC		Bankers Standard
4/1/1995		4/1/1996		WLR C36162016		Babcock & Wilcox Company		WC		Cigna
4/1/1995		4/1/1996		XSL G13213707		The Babcock & Wilcox Company		XGL		IND
4/1/1995		4/1/1996		XSL G13213707		The Babcock & Wilcox Company		XGL		IND
8/24/1995		8/24/1996		CAL H06353149		Deep Oil Technology, Inc.		Auto		IND
8/24/1995		8/24/1996		NWC C41224319		Deep Oil Technology, Inc.		WC		Cigna
8/24/1995		8/24/1996		OGL G14232096		Deep Oil Technology, Inc.		GL		IND
4/1/1996		4/1/1997		CGO G18967431		Babcock & Wilcox Company		GL		IND
4/1/1996		4/1/1997		CPO G18968599		Babcock & Wilcox Company		GL		IND
4/1/1996		4/1/1997		CPO G18968599		Babcock & Wilcox Company		GL		IND
4/1/1996		4/1/1997		RSC C2733278A		Babcock & Wilcox Company		WC		Cigna
4/1/1996		4/1/1997		RSC C4206726A		Babcock & Wilcox Company		WC		Cigna
4/1/1996		4/1/1997		SCA 012575		The Babcock & Wilcox Company		Auto		IND
4/1/1996		4/1/1997		WLR C27332080		Babcock & Wilcox Company		WC		Cigna
4/1/1996		4/1/1997		WLR C27332766		Hudson Companies		WC		Bankers Standard
4/1/1996		4/1/1997		WLR C27332778		Babcock & Wilcox Company		WC		Bankers Standard
4/1/1996		4/1/1997		WLR C27332808		Babcock & Wilcox Company		WC		Cigna
4/1/1996		4/1/1997		XSL G18967911		Babcock & Wilcox Company		GL		INA
4/1/1996		4/1/1997		XSL G1896823A		Hudson Companies		XGL		IND

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
8/24/1996		8/24/1997		CAL H07132001		Deep Oil Technology, Inc.		Auto		INA
8/24/1996		8/24/1997		NWC C42181018		Deep Oil Technology, Inc.		WC		INA
8/24/1996		8/24/1997		OGL G18967364		Deep Oil Technology, Inc.		GL		INA
4/1/1997		4/1/1998		RSC C42109484		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1997		4/1/1998		RSC C42109502		Babcock & Wilcox Company		WC		Cigna
4/1/1997		4/1/1998		WLR C42109460		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1997		4/1/1998		WLR C42109472		Babcock & Wilcox Company		WC		Bankers Standard
4/1/1997		4/1/1998		WLR C42109496		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1997		4/1/1998		WLR C42109514		Hudson Companies		WC		Bankers Standard
8/24/1997		8/24/1998		CAL H07322574		Deep Oil Technology, Inc.		Auto		INA
8/24/1997		8/24/1998		NWC C42425497		Deep Oil Technology, Inc.		WC		INA
8/24/1997		8/24/1998		OGL G19326792		Deep Oil Technology, Inc.		GL		INA
12/18/1997		12/18/1998		OGL G1965722A		Monmouth Couty Materials Processing & Recovery Facility; National Ecology Company & The Babcock and Wilcox Company		GL		IND
4/1/1998		4/1/1999		HDC G19657280		Babcock & Wilcox Company		GL		Pacific Employers
4/1/1998		4/1/1999		HDO  ###-###-####		Babcock & Wilcox Company		GL		Pacific Employers
4/1/1998		4/1/1999		ISA H07323360		The Babcock & Wilcox Company		Auto		Pacific Employers
4/1/1998		4/1/1999		PWC C42460187		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1998		4/1/1999		WLR C42460151		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1998		4/1/1999		WLR C42460163		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1998		4/1/1999		WLR C42460175		Babcock & Wilcox Company		WC		Cigna - TX
4/1/1998		4/1/1999		WLR C42460205		Hudson Companies		WC		Cigna - TX
4/1/1998		4/1/1999		XSL G19657279		The Babcock & Wilcox Company		XGL		Pacific Employers
4/1/1998		4/1/1999		XSL G19657309		Hudson Companies		XGL		Pacific Employers
4/1/1998		4/1/1999		XSL G19657309		Hudson Companies		XGL		Pacific Employers
8/24/1998		8/24/1999		CAL H07406794		Deep Oil Technology, Inc.		Auto		Cigna
8/24/1998		8/24/1999		OGL G19657905		Deep Oil Technology, Inc.		GL		Cigna
10/1/1998		10/1/2001		XOO G19658193		State Line Energy, LLC		XGL		Cigna
12/18/1998		12/18/1999		CAL H07407385		National Ecology Company		Auto		Cigna
12/18/1998		12/18/1999		OGL G19327024		National Ecology Company, Power Systems Operations, Inc. and The Babcock & Wilcox Company and Monmouth County Materials Processing and Recovery Facility		GL		Cigna
4/1/1999		1/1/2000		HDC G19657280		Babcock & Wilcox Company		GL		Pacific Employers
4/1/1999		1/1/2000		HDO  ###-###-####		Babcock & Wilcox Company		GL		Pacific Employers

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
4/1/1999		4/1/2000		PWC C42643890		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1999		4/1/2000		PWC C42643890		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1999		4/1/2000		WLR C42643889		Hudson Companies		WC		Pacific Employers
4/1/1999		4/1/2000		WLR C42643907		Babcock & Wilcox Company		WC		Pacific Employers
4/1/1999		1/1/2000		XSL G19657279		The Babcock & Wilcox Company		XGL		Pacific Employers
4/1/1999		1/1/2000		XSL G19657309		Hudson Companies		XGL		Pacific Employers
8/24/1999		8/24/2000		CAL H0767823A		Deep Oil Technology, Inc.		Auto		Cigna
8/24/1999		8/24/2000		NWC C42645254		Deep Oil Technology, Inc.		WC		Cigna
8/24/1999		8/24/2000		OGL G1989521A		Deep Oil Technology, Inc.		GL		Cigna
12/18/1999		12/18/2000		CAL H07678903		National Ecology Company		AL		Pacific Employers
12/18/1999		12/18/2000		CUA-104533-0		National Ecology Company		Umb		Westchester Fire Ins Co
12/18/1999		12/18/2000		OGL G19895993		National Ecology Company		GL		Pacific Employers
1/1/2000		1/1/2001		HDC G19657280		Babcock & Wilcox Company		GL		Pacific Employers
1/1/2000		1/1/2001		HDO  ###-###-####		Babcock & Wilcox Company		GL		Pacific Employers
1/1/2000		1/1/2001		PWC C42645618		Babcock & Wilcox Company		WC		Pacific Employers
1/1/2000		1/1/2001		WLR C42645631		Hudson Companies		WC		Pacific Employers
1/1/2000		1/1/2001		WLR C42645643		Babcock & Wilcox Company		WC		Pacific Employers
1/1/2000		1/1/2001		XOO G20292817		Mid American Energy Company		XGL		Pacific Employers
1/1/2000		1/1/2001		XSL G19657279		The Babcock & Wilcox Company		XGL		Pacific Employers
1/1/2000		1/1/2001		XSL G19657309		Hudson Companies		XGL		Pacific Employers
12/11/2000		6/1/2001		XLG G20295624		NRG El Segundo Operations Inc.		XGL		AAI
12/18/2000		12/18/2001		HDO G20295715		National Ecology Company		GL		Pacific Employers
12/18/2000		12/18/2001		ISA H07668016		National Ecology Company		Auto		Pacific Employers
12/18/2000		7/31/2001		XLG G20295661		NRG Cabrillo Power I		XGL		AAI
1/1/2001		1/1/2002		HDC G19657280		Babcock & Wilcox Company		GL		Pacific Employers
1/1/2001		1/1/2002		HDO  ###-###-####		Babcock & Wilcox Company		GL		Pacific Employers
1/1/2001		1/1/2002		SCF C43139988		Babcock & Wilcox Company		WC		Pacific Employers
1/1/2001		1/1/2002		WLR C43139940		Babcock & Wilcox Company		WC		Pacific Employers
1/1/2001		1/1/2002		WLR C43140061		Hudson Companies		WC		Pacific Employers
1/1/2001		1/1/2002		XOO G20292817		Mid American Energy Company		XGL		Pacific Employers
1/1/2001		1/1/2002		XSL G19657279		The Babcock & Wilcox Company		XGL		Pacific Employers
1/1/2001		1/1/2002		XSL G19657309		Hudson Companies		XGL		Pacific Employers
7/2/2001		12/31/2001		XLG G20298017		Mirant Delta LLC		XGL		AAI
7/31/2001		3/31/2002		XLG G20295661		NRG Cabrillo Power I		XGL		AAI
12/18/2001		12/18/2002		HDO G20298431		National Ecology Company		GL		Pacific Employers

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
12/18/2001		12/18/2002		ISA H0766946A		National Ecology Company		AL		Pacific Employers
1/1/2002		1/1/2003		HDC G19657280		Babcock & Wilcox Company		GL		Pacific Employers
1/1/2002		1/1/2003		HDO  ###-###-####		Babcock & Wilcox Company		GL		Pacific Employers
1/1/2002		1/1/2003		SCF C43100075		Babcock & Wilcox Company		WC		Pacific Employers
1/1/2002		1/1/2003		XSL G19657279		The Babcock & Wilcox Company		XGL		Pacific Employers
1/1/2002		1/1/2003		XSL G19657309		Hudson Companies		XGL		Pacific Employers
3/31/2002		4/30/2002		XLG G20295661		NRG Cabrillo Power I		XGL		AAI
10/1/2002		1/1/2003		XLG G20580161		Mid American Energy Company		XGL		AAI
12/18/2002		12/18/2003		HDO G2030442A		National Ecology Company		GL		AAI
12/18/2002		12/18/2003		ISA H07669884		National Ecology Company		AL		AAI
1/1/2003		1/1/2004		HDC G20580124		Babcock & Wilocx Company		GL		AAI
1/1/2003		1/1/2004		HDO G20579997		Babcock & Wilcox Company		GL		AAI
1/1/2003		1/1/2004		ISA H07670060		The Babcock & Wilcox Company		Auto		AAI
1/1/2003		1/1/2004		SCF C43497194		Babcock & Wilcox Company		WC		AAI
1/1/2003		1/1/2004		WLR C43497157		Babcock & Wilcox Company		WC		AAI
1/1/2003		1/1/2004		XSL G20580045		The Babcock & Wilcox Company		XGL		AAI
2/1/2003		12/17/2003		OCP G20304479		Pasadena ISD		GL		AAI
3/1/2003		3/1/2004		XLG G20579511		Reliant Energy		XGL		AAI
12/17/2003		12/17/2004		OCP G20304479		Pasadena ISD		GL		AAI
12/18/2003		12/18/2004		HDO G2030442A		National Ecology Company		GL		AAI
12/18/2003		12/18/2004		ISA H07669884		National Ecology Company		AL		AAI
1/1/2004		1/1/2005		HDC G20300140		Babcock & Wilcox Company		GL		AAI
1/1/2004		1/1/2005		HDO G20300103		Babcock & Wilcox Company		GL		AAI
1/1/2004		1/1/2005		ISA H07670485		The Babcock & Wilcox Company		Auto		AAI
1/1/2004		1/1/2005		SCF C43966169		Babcock & Wilcox Company		WC		AAI
1/1/2004		1/1/2005		WLR C43966157		Babcock & Wilcox Company		WC		AAI
1/1/2004		1/1/2005		XSL G20300061		The Babcock & Wilcox Company		XGL		AAI
2/1/2004		2/1/2005		WCU 014570		Babcock and Wilcox Investment Company		XWC		AAI
12/17/2004		12/17/2005		OCP G20304479		Pasadena ISD		GL		AAI
12/18/2004		12/18/2005		HDO G2030442A		National Ecology Company		GL		AAI
12/18/2004		12/18/2005		ISA H07669884		National Ecology Company		AL		AAI
1/1/2005		1/1/2006		SCF C4396494A		Babcock & Wilcox Company		WC		AAI
1/1/2005		1/1/2006		WLR C43988761		Babcock & Wilcox Company		WC		AAI
9/19/2005		12/18/2005		XSL G20299721		American Electric Power Service Corp		XGL		AAI
9/19/2005		12/18/2005		XSL G20299769		American Electric Power Service Corp		XGL		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
12/17/2005		12/17/2006		OCP G20304479		Pasadena ISD		GL		AAI
12/18/2005		12/18/2009		HDO G21703618R		National Ecology Company		GL		AAI
1/1/2006		1/1/2007		HDC G21728007		Babcock & Wilcox Company		GL		AAI
1/1/2006		1/1/2007		HDO G21727994		Babcock & Wilcox Company		GL		AAI
1/1/2006		1/1/2007		ISA H07670977		Babcock & Wilcox Company		Auto		AAI
1/1/2006		1/1/2007		SCF C44185520		Babcock & Wilcox Company		WC		AAI
1/1/2006		1/1/2007		WLR C44185532		Babcock & Wilcox Company		WC		AAI
1/1/2006		1/1/2007		XSL G21728068		Babcock & Wilcox Company		GL		AAI
12/18/2006		12/18/2007		CAL H07670928		National Ecology Company		AL		AAI
1/1/2007		1/1/2008		HDC G21736764		Babcock & Wilcox Company		GL		AAI
1/1/2007		1/1/2008		HDC G2372358A		BWXT Services, Inc.		GL		AAI
1/1/2007		1/1/2008		HDO G21736752		Babcock & Wilcox Company		GL		AAI
1/1/2007		1/1/2008		ISA H07673218		Babcock & Wilcox Company		Auto		AAI
1/1/2007		1/1/2008		ISA H07834597		BWXT Services, Inc.		Auto		AAI
1/1/2007		1/1/2008		SCF C44450653		Babcock & Wilcox Company		WC		AAI
1/1/2007		1/1/2008		WCU C44450550		Babcock & Wilcox Investment Company		WC		AAI
1/1/2007		1/1/2008		WLR C44450203		BWXT Services, Inc.		WC		AAI
1/1/2007		1/1/2008		WLR C44450616		Babcock & Wilcox Company		WC		AAI
1/1/2007		1/1/2008		XSL G21736235		BWTX Services, Inc.		GL		AAI
1/1/2007		1/1/2008		XSL G21736740		Babcock & Wilcox Company		GL		AAI
1/1/2008		1/1/2009		HDC G23734758		Babcock & Wilcox Company		GL		AAI
1/1/2008		1/1/2009		HDO G23734746		Babcock & Wilcox Company		GL		AAI
1/1/2008		1/1/2009		ISA H0823839A		The Babcock &Wilcox Company		Auto		AAI
1/1/2008		1/1/2009		WLR C44478596		The Babcock & Wilcox Company		WC		AAI
1/1/2008		1/1/2009		WLR C44479813		The Babcock & Wilcox Company		WC		IND
1/1/2008		1/1/2009		XSL G23733766		The Babcock & Wilcox Company		GL		AAI
1/1/2009		1/1/2010		HDC G23749270		The Babcock & Wilcox Company		GL		AAI
1/1/2009		1/1/2010		HDO G23749233		The Babcock & Wilcox Company		GL		AAI
1/1/2009		1/1/2010		ISA H08252506		The Babcock & Wilcox Company		Auto		AAI
1/1/2009		1/1/2010		SCF C44356909		Babcock & Wilcox Company		WC		AAI
1/1/2009		1/1/2010		WCU C44356867		Babcock & Wilcox Investment Company		WC		AAI
1/1/2009		1/1/2010		WLR C44356946		The Babcock & Wilcox Company		WC		IND
1/1/2009		1/1/2010		WLR C44356983		The Babcock & Wilcox Company		WC		AAI
1/1/2009		1/1/2010		XSL G23749312		The Babcock & Wilcox Company		GL		AAI
1/1/2010		1/1/2011		HDC G24938463		The Babcock & Wilcox Company		GL		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
1/1/2010		1/1/2011		HDO G24938475		The Babcock & Wilcox Company		GL		AAI
1/1/2010		1/1/2011		SCF C45709516		The Babcock & Wilcox Company		WC		AAI
1/1/2010		1/1/2011		WLR C45709498		The Babcock & Wilcox Company		WC		AAI
1/1/2010		1/1/2011		WLR C45709504		The Babcock & Wilcox Company		WC		IND
1/1/2010		1/1/2011		XSL G24938451		The Babcock & Wilcox Company		GL		AAI
1/1/2011		1/1/2012		WCU C46141052		The Babcock & Wilcox Company		WC		AAI
1/1/2011		1/1/2012		ISA H08631578		The Babcock & Wilcox Company		Auto		AAI
1/1/2011		1/1/2012		WLR C46141027		The Babcock & Wilcox Company		WC		AAI
1/1/2011		1/1/2012		WLR C46141039		The Babcock & Wilcox Company		WC		IND
1/1/2011		1/1/2012		SCF C46141040		The Babcock & Wilcox Company		WC		AAI
1/1/2011		1/1/2012		XSL G25522849		The Babcock & Wilcox Company		XGL		AAI
1/1/2011		1/1/2012		HDC G25522886		The Babcock & Wilcox Company		GL		AAI
1/1/2011		1/1/2012		HDO G25522928		The Babcock & Wilcox Company		GL		AAI
1/1/2012		1/1/2013		WCU C46772544		The Babcock & Wilcox Company		WC		AAI
1/1/2012		1/1/2013		ISA H08693560		The Babcock & Wilcox Company		Auto		AAI
1/1/2012		1/1/2013		WLR C46772556		The Babcock & Wilcox Company		WC		AAI
1/1/2012		1/1/2013		WLR C46772568		The Babcock & Wilcox Company		WC		IND
1/1/2012		1/1/2013		SCF C4677257A		The Babcock & Wilcox Company		WC		AAI
1/1/2012		1/1/2013		XSL G25533677		The Babcock & Wilcox Company		XGL		AAI
1/1/2012		1/1/2013		HDC G25533689		The Babcock & Wilcox Company		GL		AAI
1/1/2012		1/1/2013		HDO G25533690		The Babcock & Wilcox Company		GL		AAI
1/1/2013		11/1/2013		WCU C47124025		The Babcock & Wilcox Company		WC		AAI
1/1/2013		11/1/2013		ISA H08711720		The Babcock & Wilcox Company		Auto		AAI
1/1/2013		11/1/2013		WLR C47124037		The Babcock & Wilcox Company		WC		AAI
1/1/2013		11/1/2013		WLR C47124049		The Babcock & Wilcox Company		WC		IND
1/1/2013		11/1/2013		XSL G27013107		The Babcock & Wilcox Company		XGL		AAI
1/1/2013		11/1/2013		HDC G27013119		The Babcock & Wilcox Company		GL		AAI
1/1/2013		11/1/2013		HDO G27013120		The Babcock & Wilcox Company		GL		AAI
1/1/2013		11/1/2013		SCF C47124050		The Babcock & Wilcox Company		WC		AAI
11/1/2014		11/1/2015		WCU C48019006		The Babcock & Wilcox Company		WC		AAI
11/1/2014		11/1/2015		WLR C48019018		The Babcock & Wilcox Company		WC		AAI
11/1/2014		11/1/2015		WLR C48019031		The Babcock & Wilcox Company		WC		IND
11/1/2014		11/1/2015		SCF C4801902A		The Babcock & Wilcox Company		WC		AAI
11/1/2014		11/1/2015		ISA H08828726		The Babcock & Wilcox Company		Auto		AAI
11/1/2014		11/1/2015		XSL G27337971		The Babcock & Wilcox Company		XSGL		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
11/1/2014		11/1/2015		HDC G2733796A		The Babcock & Wilcox Company		GL		AAI
11/1/2014		11/1/2015		HDO G27337958		The Babcock & Wilcox Company		GL		AAI
1/1/2011		1/1/2012		OCP G25527963		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25528001		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25528049		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25528128		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25527975		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25528013		Babcock & Wilcox Power Generation Group Field Service Engineering Service		OCP		AAI
1/1/2011		1/1/2012		OCP G25528050		Babcock & Wilcox Construction Co. , Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25528098		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G2552813A		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25528116		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25528153		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/4/2015		1/1/2012		OCP G2553220A		Babcock & Wilcox Power Generation Group, Inc./Service Company - Field Engineering Services		OCP		AAI
1/1/2011		1/1/2012		OCP G25532247		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25532284		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25532326		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25532363		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25532211		Babcock & Wilcox Construction Co		OCP		AAI
1/1/2011		1/1/2012		CCP G25532259		Babcock & Wilcox Construction Co.		OCP		AAI
1/1/2011		1/1/2012		OCP G25532296		Babcock & Wilcox Construction Co		OCP		AAI
1/1/2011		1/1/2012		OCP G25532338		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25532375		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25532223		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25532260		Babcock & Wilcox Power Generation Group Inc		OCP		AAI
1/1/2011		1/1/2012		OCP G25532302		Babcock & Wilcox Power Generation Group Inc		OCP		AAI
1/1/2011		1/1/2012		OCP G2553234A		Babcock & Wilcox Power Generation Group Inc		OCP		AAI
1/1/2011		1/1/2012		OCP G25532387		Babcock & Wilcox Power Generation Group Inc		OCP		AAI
1/1/2011		1/1/2012		OCP G25532235		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25532272		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25532314		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2011		1/1/2012		OCP G25532351		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/24/2011		1/1/2012		OCP G25532442		Allen-Sherman-Hoff		OCP		AAI
2/2/2011		1/1/2012		OCP G25532521		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
1/24/2011		1/1/2012		OCP G25532569		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/27/2011		1/1/2012		OCP G25532454		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/24/2011		1/1/2012		OCP G25532491		Babcock & Wilcox Power Generation Group		OCP		AAI
2/2/2011		1/1/2012		OCP G25532533		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
2/9/2011		1/1/2012		OCP G25532429		Babcock & Wilcox Construction Co. Inc.		OCP		AAI
2/15/2011		1/1/2012		OCP G25532466		Babcock & Wilcox Power Generation Group, Inc. FPD-Environmental Aftermarket Group 0688		OCP		AAI
2/17/2011		1/1/2012		OCP G25532508		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
2/21/2011		1/1/2012		OCP G25532545		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
3/7/2011		1/1/2012		OCP G25532430		B&W PGG, Field Engineering Services		OCP		AAI
3/14/2011		1/1/2012		OCP G25532478		Babcock & Wilcox Construction Co., Inc.		OCP		AAI
4/9/2011		1/1/2012		OCP G2553251A		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
3/30/2011		1/1/2012		OCP G25532557		Babcock & Wilcox Power Generation Group, Inc./Service Company – Field Engineering Services		OCP		AAI
3/28/2011		1/1/2012		OCP G25532600		Babcock & Wilcox Construction Co., Inc.		OCP		AAI
4/1/2011		1/1/2012		OCP G25532648		Babcock & Wilcox Power Generation Group		OCP		AAI
4/5/2011		1/1/2012		OCP G25532685		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
5/9/2011		1/1/2012		OCP G25532612		Babcock & Wilcox Construction Co., Inc.		OCP		AAI
5/13/2011		1/1/2012		OCP G25532697		Babcock & Wilcox Power Generation Group, INC.		OCP		AAI
5/13/2011		1/1/2012		OCP G25532739		Babcock & Wilcox Power Generation Group		OCP		AAI
5/23/2011		1/1/2012		OCP G25532776		IveyCooper Services		OCP		AAI
7/18/2011		1/1/2012		OCP G25532636		Babcock & Wilcox Power Generation Group		OCP		AAI
7/26/2011		1/1/2012		OCP G25532715		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
7/27/2011		1/1/2012		OCP G25532752		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
7/29/2011		1/1/2012		OCP G26437362		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
7/31/2011		1/1/2012		OCP G26437404		Babcock & Wilcox Construction Co., Inc.		OCP		AAI
9/1/2011		1/1/2012		OCP G26437489		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
9/26/2011		1/1/2012		OCP G26437453		PPG-Environmental Aftermarket Services		OCP		AAI
9/23/2011		1/1/2012		OCP G26437490		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
10/1/2011		1/1/2012		OCP G26437428		Babcock & Wilcox Power Generation Group		OCP		AAI
10/4/2011		1/1/2012		OCP G26437465		Babcock & Wilcox Power Generation Group		OCP		AAI
10/11/2011		1/1/2012		OCP G26437507		Babcock & Wilcox Power Generation Group		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
10/24/2011		1/1/2012		OCP G26437398		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/7/2011		1/1/2012		OCP G26437544		IveyCooper Services		OCP		AAI
11/14/2011		1/1/2012		OCP G26437477		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
12/19/2011		1/1/2012		OCP G26437519		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439127		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439164		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439206		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439243		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439280		B&W PGG, Field Engineering Services		OCP		AAI
1/1/2012		1/1/2013		OCP G26439322		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G2643936A		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439401		Allen-Sherman-Hoff		OCP		AAI
1/1/2012		1/1/2013		OCP G26439449		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services - BWSC		OCP		AAI
1/1/2012		1/1/2013		OCP G26439486		Babcock & Wilcox Construction Co		OCP		AAI
1/1/2012		1/1/2013		OCP G26439528		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/1/2012		1/1/2013		OCP G26439565		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439607		Babcock & Wilcox Construction Co., Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439644		Babcock & Wilcox Construction Co., Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439681		Babcock & Wilcox Construction Co., Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439723		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2012		1/1/2013		OCP G26439760		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439802		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G2643984A		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439887		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439139		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439176		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439218		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439255		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439292		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/1/2012		1/1/2013		OCP G26439334		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services - BWSC		OCP		AAI
1/1/2012		1/1/2013		OCP G26439371		Babcock & Wilcox Power Generation Group, Inc. FPD-Environmental Aftermarket Group 0688		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
1/1/2012		1/1/2013		OCP G26439413		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/1/2012		1/1/2013		OCP G26439450		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services - BWSC		OCP		AAI
1/1/2012		1/1/2013		OCP G26439498		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/1/2012		1/1/2013		OCP G2643953A		Babcock & Wilcox Power Generation Group Field Service Engineering Service		OCP		AAI
1/1/2012		1/1/2013		OCP G26439577		Babcock & Wilcox Construction Co., Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439619		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2012		1/1/2013		OCP G26439656		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2012		1/1/2013		OCP G26439693		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439735		Babcock & Wilcox Construction Co. Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439772		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439814		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2012		1/1/2013		OCP G26439851		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439899		Babcock & Wilcox Construction Co		OCP		AAI
1/1/2012		1/1/2013		OCP G26439140		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services - BWSC		OCP		AAI
1/1/2012		1/1/2013		OCP G26439188		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G2643922A		Babcock & Wilcox Power Generation Group, Inc./Service Company – Field Engineering Services		OCP		AAI
1/1/2012		1/1/2013		OCP G26439267		Babcock & Wilcox Power Generation Group Inc		OCP		AAI
1/1/2012		1/1/2013		OCP G26439309		Babcock & Wilcox Power Generation Group Inc		OCP		AAI
1/1/2012		1/1/2013		OCP G26439346		Babcock & Wilcox Power Generation Group Inc		OCP		AAI
1/1/2012		1/1/2013		OCP G26439383		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2012		1/1/2013		OCP G26439425		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439462		Babcock & Wilcox Power Generation Group, Inc. (FPD)		OCP		AAI
1/1/2012		1/1/2013		OCP G26439504		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439541		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2012		1/1/2013		OCP G26439589		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2012		1/1/2013		OCP G26439620		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/20/2012		1/1/2013		OCP G26439516		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/4/2012		1/1/2013		OCP G26439553		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/10/2012		1/1/2013		OCP G26439632		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2012		1/1/2013		OCP G2643967A		Babcock & Wilcox Construction Company, Inc.		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
1/24/2012		1/1/2013		OCP G26439711		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/25/2012		1/1/2013		OCP G26439759		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/26/2012		1/1/2013		OCP G26439796		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/26/2012		1/1/2013		OCP G26439838		IveyCooper Services, LLC		OCP		AAI
1/30/2012		1/1/2013		OCP G26439875		Babcock & Wilcox Power Generation Group, Inc./Service Company – Field Engineering Services		OCP		AAI
2/2/2012		1/1/2013		OCP G26439929		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Service - BWSC		OCP		AAI
2/2/2012		1/1/2013		OCP G26439966		Babcock & Wilcox PGG/BWSC/RP		OCP		AAI
2/6/2012		1/1/2013		OCP G26439930		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
2/7/2012		1/1/2013		OCP G26439942		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
2/14/2012		1/1/2013		OCP G2643998A		Babcock & Wilcox Power Generation Group Field Service Engineering Service		OCP		AAI
3/2/2012		1/1/2013		OCP G26439991		B&W PGG, Inc. KVB Enertec Products Emissions Monitoring		OCP		AAI
3/19/2012		1/1/2013		OCP G2644004A		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
3/22/2012		1/1/2013		OCP G26440087		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
3/28/2012		1/1/2013		OCP G26440014		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services		OCP		AAI
4/3/2012		1/1/2013		OCP G26440099		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
4/2/2012		1/1/2013		OCP G26440026		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services		OCP		AAI
4/2/2012		1/1/2013		OCP G26440063		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
4/11/2012		1/1/2013		OCP G26440105		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
5/1/2012		1/1/2013		OCP G26440038		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
4/23/2012		1/1/2013		OCP G26440117		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
5/2/2012		1/1/2013		OCP G27011949		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
6/4/2012		1/1/2013		OCP G27011986		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
5/25/2012		1/1/2013		OCP G27012024		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
6/4/2012		1/1/2013		OCP G27012103		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
6/6/2012		1/1/2013		OCP G27012140		IveyCooper Services LLC		OCP		AAI
6/19/2012		1/1/2013		OCP G27012188		Babcock & Wilcox Construction Co., Inc.		OCP		AAI
6/28/2012		1/1/2013		OCP G27012267		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
8/1/2012		1/1/2013		OCP G27012346		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
9/20/2012		1/1/2013		OCP G27011950		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
10/11/2012		1/1/2013		OCP G27012073		Babcock & Wilcox Power Generation Group Inc./ B&W Service Company		OCP		AAI
10/15/2012		1/1/2013		OCP G27012115		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
10/9/2012		1/1/2013		OCP G27012152		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
10/29/2012		1/1/2013		OCP G2701219A		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
11/12/2012		1/1/2013		OCP G27012279		Diamond Power International, Inc.   2600 E. Main Street Lancaster, OH 43130		OCP		AAI
12/3/2012		1/1/2013		OCP G27012310		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
12/4/2012		1/1/2013		OCP G27012358		Allen-Sherman-Hoff, a Division of Diamond Power International, Inc.   2600 E. Main Street, P.O. Box 415, Lancaster, OH 43130		OCP		AAI
11/1/2012		1/1/2013		OCP G27012395		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27012437		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27011962		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27012000		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27012048		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27012085		B&W PGG, Field Engineering Services		OCP		AAI
1/1/2013		11/15/2013		OCP G27012127		Allen-Sherman-Hoff		OCP		AAI
1/1/2013		11/15/2013		OCP G27012164		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
1/1/2013		11/15/2013		OCP G27012206		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2013		11/15/2013		OCP G27012243		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27012280		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27012322		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G2701236A		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27012401		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/1/2013		11/15/2013		OCP G27012012		Babcock & Wilcox Power Generation Group, Inc. FPD-Environmental Aftermarket Group 0688		OCP		AAI
1/1/2013		11/15/2013		OCP G2701205A		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services - BWSC		OCP		AAI
1/1/2013		11/15/2013		OCP G27012097		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/1/2013		11/15/2013		OCP G27012139		Babcock & Wilcox Power Generation Group Field Service Engineering Service		OCP		AAI
1/1/2013		11/15/2013		OCP G27012176		Babcock & Wilcox Construction Co., Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27012218		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2013		11/15/2013		OCP G27012255		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2013		11/15/2013		OCP G27012292		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27012334		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2013		11/15/2013		OCP G27012371		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27012413		Babcock & Wilcox Construction Co		OCP		AAI
1/1/2013		11/15/2013		OCP G27018622		Babcock & Wilcox Power Generation Group Inc		OCP		AAI
1/1/2013		11/15/2013		OCP G2701866A		Babcock & Wilcox Power Generation Group Inc		OCP		AAI
1/1/2013		11/15/2013		OCP G27018701		Babcock & Wilcox Power Generation Group Inc		OCP		AAI
1/1/2013		11/15/2013		OCP G27018749		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2013		11/15/2013		OCP G27018786		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27018828		Babcock & Wilcox Power Generation Group, Inc. (FPD)		OCP		AAI
1/1/2013		11/15/2013		OCP G27018865		Babcock & Wilcox Power Generation Group		OCP		AAI
1/1/2013		11/15/2013		OCP G27018907		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27018944		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27018981		Babcock & Wilcox Power Generation Group, Inc./Service Company – Field Engineering Services		OCP		AAI
1/1/2013		11/15/2013		OCP G2701902A		B&W PGG, Inc. KVB Enertec Products Emissions Monitoring		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
1/1/2013		11/15/2013		OCP G27019067		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27019109		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services		OCP		AAI
1/1/2013		11/15/2013		OCP G27019146		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27019183		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services		OCP		AAI
1/1/2013		11/15/2013		OCP G27019225		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27019262		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27019304		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27019341		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27019389		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27019420		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27018580		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/1/2013		11/15/2013		OCP G27012449		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/1/2013		11/15/2013		OCP G27011974		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27018956		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/1/2013		11/15/2013		OCP G27018993		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/1/2013		11/15/2013		OCP G27019031		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
1/1/2013		11/15/2013		OCP G27019079		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27019110		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27019158		Babcock & Wilcox Construction Co		OCP		AAI
1/1/2013		11/15/2013		OCP G27019195		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27019237		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
1/1/2013		11/15/2013		OCP G27019316		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services		OCP		AAI
1/10/2013		11/15/2013		OCP G27019353		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
1/1/2013		11/15/2013		OCP G27019390		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
1/10/2013		11/15/2013		OCP G27019432		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
1/1/2013		11/15/2013		OCP G2701947A		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
1/10/2013		11/15/2013		OCP G27019511		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
1/1/2013		11/15/2013		OCP G27019559		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
1/1/2013		11/15/2013		OCP G27018609		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
1/1/2013		11/15/2013		OCP G27018646		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
2/1/2013		11/15/2013		OCP G27018683		BWSC – Field Engineering Services		OCP		AAI
1/25/2013		11/15/2013		OCP G27018762		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/28/2013		11/15/2013		OCP G27018804		Allen Sherman Hoff – 1876		OCP		AAI
1/31/2013		11/15/2013		OCP G27018841		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Service - BWSC		OCP		AAI
1/1/2013		11/15/2013		OCP G27018968		Babcock & Wilcox Construction Co., Inc.		OCP		AAI
2/8/2013		11/15/2013		OCP G27019006		B&W Nuclear Operations Group, Inc.		OCP		AAI
2/25/2013		11/15/2013		OCP G27019043		B&W Nuclear Operations Group, Inc.		OCP		AAI
2/12/2013		11/15/2013		OCP G27019080		B&W Power Generation Group		OCP		AAI
2/18/2013		11/15/2013		OCP G27019201		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services - BWSC		OCP		AAI
3/4/2013		11/15/2013		OCP G27019249		Babcock & Wilcox Power Generation Group, Inc BWSC – Field Engineering Services		OCP		AAI
3/4/2013		11/15/2013		OCP G27019286		Field Engineering Services / G. Nakoneczy		OCP		AAI
3/8/2013		11/15/2013		OCP G27019365		Babcock & Wilcox Nuclear Operations Group Inc.		OCP		AAI
3/12/2013		11/15/2013		OCP G27019407		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Service - BWSC		OCP		AAI
3/13/2013		11/15/2013		OCP G27019444		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
3/19/2013		11/15/2013		OCP G27019481		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
4/5/2013		11/15/2013		OCP G27019523		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
4/5/2013		11/15/2013		OCP G27019560		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
5/1/2013		11/15/2013		OCP G27018610		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
4/29/2013		11/15/2013		OCP G27018658		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
5/8/2013		11/15/2013		OCP G27018695		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Service - BWSC		OCP		AAI
5/8/2013		11/15/2013		OCP G27018737		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
5/13/2013		11/15/2013		OCP G27018774		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
5/16/2013		11/15/2013		OCP G27018816		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
5/16/2013		11/15/2013		OCP G27018853		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
5/23/2013		11/15/2013		OCP G27018932		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
5/31/2013		11/15/2013		OCP G2701897A		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
6/10/2013		11/15/2013		OCP G27019018		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
6/11/2013		11/15/2013		OCP G27019055		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
6/17/2013		11/15/2013		OCP G27019092		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
6/12/2013		11/15/2013		OCP G27019171		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
6/25/2013		11/15/2013		OCP G27019250		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
5/1/2013		11/15/2013		OCP G2701933A		Diamond Power International, Inc.		OCP		AAI
7/18/2013		11/15/2013		OCP G27019377		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
7/25/2013		11/15/2013		OCP G27019419		Babcock & Wilcox PGG/BWSC/RP		OCP		AAI
9/1/2013		11/15/2013		OCP G27019456		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
8/19/2013		11/15/2013		OCP G27019493		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Service - BWSC		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
8/8/2013		11/15/2013		OCP G27019535		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
8/28/2013		11/15/2013		OCP G27019572		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
10/1/2013		11/15/2013		OCP G27019274		Babcock & Wilcox Power Generation Group, Inc. GSD/FES		OCP		AAI
10/15/2013		11/15/2013		OCP G27325671		BABCOCK & WILCOX POWER GENERATION GROUP, INC.		OCP		AAI
11/10/2013		11/15/2013		OCP G27325750		Ivey Cooper Services, LLC		OCP		AAI
11/15/2014		11/15/2015		OCP G27394772		Babcock & Wilcox Power Generation Group		OCP		AAI
11/15/2014		11/15/2015		OCP G27394814		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27394851		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27394899		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27394930		BABCOCK & WILCOX POWER GENERATION GROUP, INC.		OCP		AAI
11/15/2014		11/15/2015		OCP G27394978		BABCOCK & WILCOX POWER GENERATION GROUP, INC.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395016		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395053		Babcock & Wilcox Power Generation Group		OCP		AAI
11/15/2014		11/15/2015		OCP G27395090		Babcock & Wilcox Power Generation Group		OCP		AAI
11/15/2014		11/15/2015		OCP G27395132		Babcock & Wilcox Power Generation Group		OCP		AAI
11/15/2014		11/15/2015		OCP G2739517A		Babcock & Wilcox Power Generation Group		OCP		AAI
11/15/2014		11/15/2015		OCP G27395211		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395259		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395296		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395338		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395375		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395417		BABCOCK & WILCOX POWER GENERATION GROUP, INC.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395454		BABCOCK & WILCOX POWER GENERATION GROUP, INC.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395491		BABCOCK & WILCOX POWER GENERATION GROUP, INC.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395533		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
11/17/2014		11/15/2015		OCP G27395570		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395612		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G2739565A		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		12/1/2015		OCP G27395697		BABCOCK & WILCOX POWER GENERATION GROUP, INC.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395739		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27394784		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27394826		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27394863		B&W PGG, Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27394905		BWSC – Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27394942		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
11/15/2014		11/15/2015		OCP G2739498A		Field Engineering Services / G. Nakoneczy		OCP		AAI
11/15/2014		11/15/2015		OCP G27395028		B&W PGG - Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27395065		B&W PGG - Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27395107		B&W PGG - Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27395144		B&W PGG - Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27395181		B&W PGG - Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27395223		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395260		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27395302		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G2739534A		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27395387		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395429		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27395466		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27395508		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
11/15/2014		11/15/2015		OCP G27395545		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27395582		Babcock & Wilcox Power Generation Group, Inc., Field Engineering Services		OCP		AAI
11/15/2014		12/31/2017		OCP G27395624		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		4/1/2017		OCP G27395661		B&W PGG, Inc. KVB Enertec Products Emissions Monitoring		OCP		AAI
11/15/2014		6/30/2017		OCP G27395703		Babcock & Wilcox Power Generation Group, Inc. KVB-Enertec Products and Services – Hatfield, PA		OCP		AAI
11/15/2014		7/16/2017		OCP G27395740		Babcock & Wilcox Power Generation Group, Inc. KVB-Enertec Products and Services – Hatfield, PA		OCP		AAI
11/15/2014		11/15/2015		OCP G27394796		B&W Nuclear Operations Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27394838		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Service - BWSC		OCP		AAI
11/15/2014		11/15/2015		OCP G27394875		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
11/15/2014		11/15/2015		OCP G27394917		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Service - BWSC		OCP		AAI
11/15/2014		11/15/2015		OCP G27394954		Babcock & Wilcox Power Generation Group Field Engineering Service - BWSC		OCP		AAI
11/15/2014		11/15/2015		OCP G27394991		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G2739503A		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395077		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395119		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395156		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395193		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395235		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Service - BWSC		OCP		AAI
11/15/2013		8/31/2014		OCP G27395272		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G27395314		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27395351		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Services		OCP		AAI
11/15/2014		11/15/2015		OCP G27395399		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
11/15/2014		11/15/2015		OCP G27395430		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Service - BWSC		OCP		AAI
11/15/2014		11/15/2015		OCP G27395478		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
11/15/2014		11/15/2015		OCP G2739551A		Babcock & Wilcox Power Generation Group, Inc. Field Engineering Service - BWSC		OCP		AAI
11/15/2014		11/15/2015		OCP G27395557		Babcock & Wilcox PGG/BWSC/RP		OCP		AAI
11/15/2014		11/15/2015		OCP G27395594		Babcock & Wilcox Power Generation Group		OCP		AAI
12/8/2014		11/15/2015		OCPG27395636		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
12/8/2014		11/15/2015		OCP G27395673		B&W PGG/GSD/FES		OCP		AAI
1/5/2015		11/15/2015		OCP G27395715		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
2/1/2015		11/15/2015		OCP G27395752		Babcock & Wilcox Power Generation Group, Inc.		OCP		AAI
1/13/2015		11/15/2015		OCP G27394802		Babcock & Wilcox PGG/BWSC/RP		OCP		AAI
3/23/2015		11/15/2015		OCP G2739484A		Babcock & Wilcox Power Generation Group		OCP		AAI
2/5/2015		11/15/2015		OCP G27394887		Diamond Power Specialty Company Allen-Sherman-Hoff Diamond Power Controls & Diagnostics		OCP		AAI
2/16/2015		11/15/2015		OCP G27394929		B&W PGG/GSD		OCP		AAI
4/15/2015		11/15/2015		OCP G27395041		Babcock & Wilcox Power Generation Group		OCP		AAI
05/01/2015		11/15/2015		OCP G27395089		Babcock & Wilcox Power Generation Group		OCP		AAI
11/15/2014		11/15/2015		OCP G27395004		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
02/826/2015		11/15/2015		OCP G27394966		Babcock & Wilcox Construction Company, Inc.		OCP		AAI
				AAI		ACE American Insurance Company
				INA		Insurance Company of North America
				IND		Indemnity Insurance Company of North America
				Cigna		Cigna Insurance Company
				INA ILL		INA Insurance Company of Illinois
				INA Ohio		INA Insurance Company of Ohio
				Alaska		Alaska Pacific Insurance Company
				Cigna - TX		Cigna Insurance Company of Texas
				Cigna - ILL		Cigna Insurance Company of Illinois
				INA _ TX		INA Insurance Company of Texas

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
1-Apr-82		1-Apr-83		RSC 75 58 07 RSC 75 58 08 RSC 75 58 09 RSC 75 58 10 RSC 75 58 11 GLP 83 97 21 GLP 83 97 22 SCG 28 34 20 GLP 00 00 26 SCA 58 38 SCA 58 37 CAC 20 00 80		Babcock & Wilcox		Domestic General Liability and Domestic Automobile Liability and Worker’s Compensation/ Employers Liability		Insurance Company of  North America CIGNA Insurance Company of Texas CIGNA Insurance Company of Illinois Atlantic Employers Insurance Company Pacific Employers Insurance CIGNA Insurance Company of Ohio
1-Apr-83		1-Apr-84		RSC 065426 PEl RSC 070420 INA TX RSC 070421 PEl RSC 070422 PEl RSC 070423 PEl SCG 351742 INA GLP 351743 PEl GLP 839722 INA XCP 014414 INA GLP 000026 PEl GLP 000027 PEl SCA 005913 INA SCA 005914 INA TX CAC 200080 PEl		Babcock & Wilcox		Domestic General Liability and Domestic Automobile Liability and Worker’s Compensation/ Employers Liability		Insurance Company of  North America CIGNA Insurance Company of Texas CIGNA Insurance Company of Illinois Atlantic Employers Insurance Company Pacific Employers Insurance CIGNA Insurance Company of Ohio

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
1-Apr-84		1-Apr-85		RSC 289078 PEl RSC 289362 INA TX RSC 289363 PEl RSC 289364 PEl RSC 289365 PEl RSC 939527 PEl SCG 351742 INA GLP 351743 PEl GLP 839722 INA XCP 014414 INA GLP 000026 PEl SCA 005913 INA SCA 005914 INA TX CAC 200080 PEl		Babcock & Wilcox		Domestic General Liability and Domestic Automobile Liability and Worker’s Compensation/Employers Liability		Insurance Company of  North America CIGNA Insurance Company of Texas CIGNA Insurance Company of Illinois Atlantic Employers Insurance Company Pacific Employers Insurance CIGNA Insurance Company of Ohio
1-Apr-85		1-Apr-86		RSC - C1939680-0 RSC - C1939682-4 SCG - GO 511143-2 GLP - GO 519344-8 SCA - 9619 SCA - 9620		Babcock & Wilcox		Domestic General Liability and Domestic Automobile Liability and Worker’s Compensation/Employers Liability		Insurance Company of  North America CIGNA Insurance Company of Texas CIGNA Insurance Company of Illinois Atlantic Employers Insurance Company Pacific Employers Insurance CIGNA Insurance Company of Ohio

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
1-Apr-86		1-Apr-87		WC/EL RSC- ###-###-####-0 (All States) WC/EL RSC- ###-###-####-7 (TX & OK) WC/EL RSC- ###-###-####-9 (TLT Babcock) OCP CPO-G0511415-9 CAL SCA-010563 (All states) CAL SCA-OI0564 (Texas)		Babcock & Wilcox		Domestic General Liability and Domestic Automobile Liability and Worker’s Compensation/Employers Liability		Insurance Company of  North America CIGNA Insurance Company of Texas CIGNA Insurance Company of Illinois Atlantic Employers Insurance Company Pacific Employers Insurance CIGNA Insurance Company of Ohio
1-Apr-87		1-Apr-88		RSC - ###-###-####-8 RSC - ###-###-####-A RSC - ###-###-####-A CPO - GO 511596-6 CGL 23777 (Canada) SCG GO ###-###-#### (Canada) SCA 01 09 96 SCA 01 09 97 SCA 01 09 98 CAC 39 10 25 (Canada) SCA 01 16 18 (Canada)		Babcock & Wilcox		Domestic General Liability and Domestic Automobile Liability and Worker’s Compensation/Employers Liability		Insurance Company of  North America CIGNA Insurance Company of Texas CIGNA Insurance Company of Illinois Atlantic Employers Insurance Company Pacific Employers Insurance CIGNA Insurance Company of Ohio

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
1-Apr-88		1-Apr-89		RSC C2 21 95 45-1 RSC C2 21 95 46-3 RSC C2 21 95 47-5 RSC C2 21 96 11-0 XSL GO 51 94 18-0 CGO GO 51 94 19-2 CPO GO 51 94 20-9 CGO GO 51 94 79-2 CPO GO 51 95 80-9 CGL 23 777 SCG GO S1 94 52-0 SCA 01 14 54 SCA 01 14 57 SCA 01 14 56 SCA 01 14 55 SCA 01 14 S3 SCA 01 16 19 CAC 391025		Babcock & Wilcox		Domestic General Liability and Domestic Automobile Liability and Worker’s Compensation/Employers Liability		Insurance Company of  North America CIGNA Insurance Company of Texas CIGNA Insurance Company of Illinois Atlantic Employers Insurance Company Pacific Employers Insurance CIGNA Insurance Company of Ohio
1-Apr-90		1-Apr-91		CGL23777 OCP23778 CGL32656 OLT24298 OGLG13210457 CAC391025 SCA012215		Babcock & Wilcox		Domestic General Liability and Domestic Automobile Liability and Worker’s Compensation/Employers Liability		Insurance Company of  North America CIGNA Insurance Company of Texas CIGNA Insurance Company of Illinois Atlantic Employers Insurance Company Pacific Employers Insurance CIGNA Insurance Company of Ohio

---

Effective Date		Expiration Date		Policy Number		Named Insured		Type of Policy (LOB)		Issuing Company
1-Apr-91		1-Apr-92		XSL G1 32 11 90 5 RSC C2 22 93 57-6 SCA 01 22 73		Babcock & Wilcox		Domestic General Liability and Domestic Automobile Liability and Worker’s Compensation/Employers Liability		Insurance Company of  North America CIGNA Insurance Company of Texas CIGNA Insurance Company of Illinois Atlantic Employers Insurance Company Pacific Employers Insurance CIGNA Insurance Company of Ohio
1-Apr-92		1-Apr-93		CPO G1 32 12 29-6 XSL G1 32 11 90 5 CPO G1 32 48 87 SCA 01 24 38 SCA 01 24 39		Babcock & Wilcox		Domestic General Liability and Domestic Automobile Liability and Worker’s Compensation/Employers Liability		Insurance Company of  North America Pacific Employers Insurance Company
1-Apr-94		1-Apr-95		CAC 39 10 25 CGL 02 37 77 OGL 02 37 78 CGL 02 42 98		Babcock & Wilcox		Domestic General Liability and Domestic Automobile Liability and Worker’s Compensation/Employers Liability		Insurance Company of  North America Pacific Employers Insurance Company
1-Jan-02		31-Dec-02		WLRC43100038		BWX Technologies, Inc.		Workers’ Compensation		Pacific Employers Ins. Co.

---

EXHIBIT IV – REMAINCO ENTITIES

See Schedule 1.1(b) and Schedule 1.1(e) attached hereto.

No RemainCo Entity listed on Schedule 1.1(b) shall be deemed to be an “Insured”, a “Named Insured” or otherwise be deemed to be insured under any Existing Policy or Existing Insurance Agreement solely by virtue of being listed on such Schedule 1.1(b).

---

Schedule 1.1(b)

Designated RemainCo Entities

 

Reference ID		Name
2037		American Centrifuge Manufacturing, LLC
460		B&W Energy Investments, Inc.
950		B&W Fuel Company
535		B&W Fuel, Inc.
537		B&W Nuclear Service Company
960		B&W Nuclear Service Company
536		B&W Nuclear, Inc.
381		B&W Special Projects, Inc.
569		B&W Triso Corporation
573		B&W/OHM Weldon Spring, Inc.
565		Babcock & Wilcox Government Services Company
1999		Babcock & Wilcox Michoud Operations, LLC
2010		Babcock & Wilcox Modular Nuclear Energy, LLC
2007		Babcock & Wilcox Nevada, LLC
2018		Babcock & Wilcox Nuclear Services (U.K.) Limited
945		Babcock-Brown Boveri Reaktor GmbH
2000		BCE Parts Ltd.
		Burlington Niche Services Ltd.
0589		BWXT Hanford Company
0382		BWXT of Idaho, Inc.
0592		BWXT of Ohio, Inc.
590		BWXT Protec, Inc.
1973		C3 Nuclear Limited
0975		Columbia Basin Ventures, LLC
321		Conam Nuclear, Inc.
1914		CTR Solutions, LLC
0930		DM Petroleum Operations Company
961		Enserch Environmental Management Company, Inc.
461		International Disarmament Corporation
2030		Isotek Systems, LLC
		Nuclear Materials and Equipment Corporation
2057		Nuclear Production Partners, LLC
958		Olin Pantex Inc.
0973		Rocky Flats Technical Associates, Inc.
1980		Savannah River Alliance LLC
2008		Savannah River Tactical Services LLC
570		Triso
2040		Tubesolve Ltd.

---

Schedule 1.1(e)

RemainCo Subsidiaries

 

Reference ID		Name		Jurisdiction		Formation
2058		B&W NE Luxembourg SARL		Luxembourg		6/7/2012
2046		B&W Nuclear Maintenance Services, Inc.		Delaware		3/23/2011
532		Babcock & Wilcox Canada Ltd.		Ontario		6/5/1922
2049		Babcock & Wilcox Commercial Power, Inc.		Delaware		6/15/2011
2014		Babcock & Wilcox Conversion Services, LLC		Delaware		7/14/2009
2002		Babcock & Wilcox Intech, Inc.		Tennessee		7/29/1994
2048		Babcock & Wilcox International Technical Services, Inc.		Delaware		6/1/2011
380		Babcock & Wilcox Investment Company		Delaware		7/12/1990
2042		Babcock & Wilcox Modular Reactors LLC		Delaware		12/21/2010
2056		Babcock & Wilcox mPower, Inc.		Delaware		1/11/2012
2071		Babcock & Wilcox NOG Technologies, Inc.		Delaware		6/12/2013
2059		Babcock & Wilcox Nuclear Energy Europe SAS		France		7/5/2012
1967		Babcock & Wilcox Nuclear Energy, Inc.		Delaware		5/23/2007
1974		Babcock & Wilcox Nuclear Operations Group, Inc.		Delaware		11/20/2007
1961		Babcock & Wilcox Technical Services (U.K.) Limited		United Kingdom		12/19/2006
1970		Babcock & Wilcox Technical Services Clinch River, LLC		Delaware		5/16/2007
572		Babcock & Wilcox Technical Services Group, Inc.		Delaware		12/11/1991
587		Babcock & Wilcox Technical Services Savannah River Company		Delaware		9/1/1995
596		Babcock & Wilcox Government and Nuclear Operations, Inc.		Delaware		3/19/1997
2035		BWSR, LLC		Delaware		5/19/2010
3088		BWXT Canada Holdings Corp.		Nova Scotia		5/12/2015
580		BWXT Federal Services, Inc.		Delaware		10/13/1994
3087		BWXT Foreign Holdings, LLC		Delaware		4/20/2015
1576		BWXT Washington, Inc.		Delaware		9/29/2004
710		BWXT Y – 12, LLC		Delaware		4/20/2000
189		Creole Insurance Company, Ltd.		South Carolina		6/7/1973
2062		Generation mPower Canada Ltd		Saskatchewan		10/17/2012
2043		Generation mPower LLC		Delaware		12/16/2010
2009		Idaho Treatment Group, LLC		Delaware		12/22/2008
2003		Intech International, Inc.		Ontario		12/17/1997
2110		Kansas City Advanced Manufacturing, LLC		Delaware		1/27/2015
1968		Marine Mechanical Corporation		Delaware		2/3/1994

---

Reference ID		Name		Jurisdiction		Formation
2005		NFS Holdings, Inc.		Delaware		9/25/2007
2004		NOG-Erwin Holdings, Inc.		Delaware		7/30/2008
2006		Nuclear Fuel Services, Inc.		Delaware		9/25/2007
2029		The Babcock & Wilcox Company		Delaware		3/8/2010

---

EXHIBIT V

ACE AFFILIATES

ACE American Insurance Company

ACE Fire Underwriters Insurance Company

ACE Indemnity Insurance Company

ACE Insurance Company of the Midwest

ACE Property and Casualty Insurance Company

Illinois Union Insurance Company

Indemnity Insurance Company of North America

Insurance Company of North America

Pacific Employers Insurance Company

Bankers Standard Insurance Company

Atlantic Employers Insurance Company

---

EXHIBIT VI –FOREIGN INSURANCE AGREEMENTS

 

EFFECTIVE DATE/ YEAR		PARTIES		TYPE		PROGRAMS COVERED		POLICIES COVERED
May 18, 2010		The Babcock & Wilcox Company ACE American Insurance Company		Security Agreement		As set out in the agreement		As set out in the agreement
January 1, 2012		The Babcock & Wilcox Company ACE American Insurance Company		Addendum No. 1 to Security Agreement		As set out in the addendum		As set out in the Addendum
January 1, 2013		The Babcock & Wilcox Company ACE American Insurance Company		Addendum No. 3 to Security Agreement		As set out in the addendum		As set out in the Addendum
February 22, 2013		The Babcock & Wilcox Company ACE American Insurance Company		Endorsement No. 1 to Security Agreement		As set out in the addendum		As set out in the Addendum
November 15, 2013		The Babcock & Wilcox Company ACE American Insurance Company		Addendum No. 4 to Security Agreement		As set out in the addendum		As set out in the Addendum
November 15, 2014		The Babcock & Wilcox Company ACE American Insurance Company		Addendum No. 5 to Security Agreement		As set out in the addendum		As set out in the Addendum

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EXHIBIT VII –FOREIGN POLICIES

 

Policy		Policy Period		Issuing Company
Master Policy No. No(s). CMXD36904422, CMXD36904434 and all Locally Admitted Policies and any extension, renewal, amendment or endorsement of any such Master and Locally Admitted Policies		January 1, 2006 to January 1, 2007 and any extension or renewal thereof		ACE American Insurance Company and Affiliated and Non-Affiliated Companies
Master Policy No. No(s). CMX043528, CMX043529 and all Locally Admitted Policies and any extension, renewal, amendment or endorsement of any such Master and Locally Admitted Policies		January 1, 2007 to January 1, 2009 and any extension or renewal thereof		ACE American Insurance Company and Affiliated and Non-Affiliated Companies
Master Policy No. No(s). CMX043541, CMX043542 and all Locally Admitted Policies and any extension, renewal, amendment or endorsement of any such Master and Locally Admitted Policies		January 1, 2009 to January 1, 2010 and any extension or renewal thereof		ACE American Insurance Company and Affiliated and Non-Affiliated Companies
Master Policy No. No(s). CMX043548, CMX043549, CMX043550 and all Locally Admitted Policies and any extension, renewal, amendment or endorsement of any such Master and Locally Admitted Policies		January 1, 2010 to January 1, 2011 and any extension or renewal thereof		ACE American Insurance Company and Affiliated and Non-Affiliated Companies
Master Policy No. No(s). CSZ0318480 and all Locally Admitted Policies and any extension, renewal, amendment or endorsement of any such Master and Locally Admitted Policies		January 1, 2011 to January 1, 2012 and any extension or renewal thereof		ACE American Insurance Company and Affiliated and Non-Affiliated Companies

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Master Policy No. No(s). CSZ0318774 and all Locally Admitted Policies and any extension, renewal, amendment or endorsement of any such Master and Locally Admitted Policies		January 1, 2012 to January 1, 2013 and any extension or renewal thereof		ACE American Insurance Company and Affiliated and Non-Affiliated Companies
Master Policy No. No(s). CSZ G27174553 001 and all Locally Admitted Policies and any extension, renewal, amendment or endorsement of any such Master and Locally Admitted Policies		January 1, 2013 to November 15, 2013 and any extension or renewal thereof		ACE American Insurance Company and Affiliated and Non-Affiliated Companies
Master Policy No. No(s). CSZ G27174553 002 and all Locally Admitted Policies and any extension, renewal, amendment or endorsement of any such Master and Locally Admitted Policies		November 15, 2013 to November 15, 2014 and any extension or renewal thereof		ACE American Insurance Company and Affiliated and Non-Affiliated Companies
Master Policy No. No(s). CSZ G27174553 003 and all Locally Admitted Policies and any extension, renewal, amendment or endorsement of any such Master and Locally Admitted Policies		November 15, 2014 to November 15, 2015 and any extension or renewal thereof		ACE American Insurance Company and Affiliated and Non-Affiliated Companies