Rights 16 Section 5.9 Maintenance of Intellectual Property 16 Section 5.10 Covenants 17 ARTICLE VI TECHNICAL ASSISTANCE AND TECHNOLOGY TRANSFER 17 Section 6.1 Reserved 17 Section 6.2 Reserved 17 Section 6.3 No Additional Technical Assistance 17 ARTICLE VII NO WARRANTIES 18 ARTICLE VIII THIRD-PARTY INFRINGEMENT 18 Section 8.1 No Obligation 18 Section 8.2 Notice Regarding Infringement 19 Section 8.3 Suits for Infringement 19 ARTICLE IX CONFIDENTIALITY 21 ARTICLE X MISCELLANEOUS 22 Section 10.1 Authority 22 Section 10.2 Entire Agreement 22 Section 10.3 Binding Effect; Third-Party Beneficiaries; Assignment 23 Section 10.4 Amendment 23 Section 10.5 Failure or Indulgence Not Waiver; Remedies Cumulative 23 Section 10.6 Notices 23 Section 10.7 Counterparts 23 Section 10.8 Severability 23 Section 10.9 Governing Law 24 Section 10.10 Construction 24 Section 10.11 Performance 24 SCHEDULES Schedule 1.1(e) SpinCo Core Field; RemainCo Core Field Schedule 1.1(i) Specific RemainCo Field; Specific SpinCo Field Schedule 1.1(o) SpinCo House Marks Schedule 1.1(p) RemainCo House Marks ii Schedule 2.4(a) RemainCo Ownership Schedule 2.4(b) SpinCo Ownership Schedule 2.6 Abandonment of Certain Intellectual Property Schedule 3.1 SpinCo Trademarks Schedule 3.3 Required Actions and Filings Schedule 3.4 RemainCo Trademarks Schedule 4.1 Shared Library Materials Schedule 4.4 Nuclear Design Materials Schedule 5.4(a) Foundational Software iii INTELLECTUAL PROPERTY AGREEMENT This INTELLECTUAL PROPERTY AGREEMENT (this "Agreement") is entered into as of June 26, 2015 (the "Effective Date"), between The Babcock & Wilcox Company, a Delaware corporation, ("RemainCo") and Babcock & Wilcox Enterprises, Inc., a Delaware corporation ("SpinCo"). RemainCo and SpinCo are sometimes referred to herein individually as a "Party," and collectively as the "Parties." Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in Article 1 hereof. RECITALS WHEREAS, SpinCo is a wholly owned Subsidiary of RemainCo; WHEREAS, the Board of Directors of RemainCo has determined that it would be appropriate