NEW BORROWER JOINDER AGREEMENTNew Borrower Joinder Agreement • August 9th, 2010 • McDermott International Inc • Fabricated plate work (boiler shops) • New York
This New Borrower Joinder Agreement (this “Agreement”) dated August 6, 2010 is made by McDermott International, Inc., a Panamanian corporation (the “New Borrower”) and J. Ray McDermott, S.A., a Panamanian corporation (the “Initial Borrower”), in favor of (a) Crédit Agricole Corporate and Investment Bank (“CA CIB”), as administrative agent (in such capacity and together with its successors in such capacity, the “Administrative Agent”) for the Lenders and the Issuers and collateral agent (in such capacity and together with its successors in such capacity, the “Collateral Agent”) for the Secured Parties and (b) the Lenders and the Issuers from time to time parties to the Credit Agreement described and defined below.
