Exhibit 10.17 INTELLECTUAL PROPERTY AGREEMENT between THE BABCOCK & WILCOX COMPANY and BABCOCK & WILCOX ENTERPRISES, INC. dated as of June 26, 2015 TABLE OF CONTENTS ARTICLE I DEFINITIONS 1 Section 1.1 Definitions 1 Section 1.2 Interpretation 4 ARTICLE II INTELLECTUAL PROPERTY ASSIGNMENT AND OWNERSHIP 5 Section 2.1 Reserved 5 Section 2.2 Reserved 5 Section 2.3 Assistance by Employees; Inventor Compensation 5 Section 2.4 Ownership 6 Section 2.5 Rights Arising in the Future 6 Section 2.6 Abandonment of Certain Intellectual Property 7 Section 2.7 Reserved 7 Section 2.8 Steam/Its Generation and Use 7 ARTICLE III TRADEMARKS 8 Section 3.1 House Marks 8 Section 3.2 Limited License to Use SpinCo House Marks 9 Section 3.3 Removal of Classes from SpinCo Marks 10 Section 3.4 RemainCo Marks 10 Section 3.5 Duty to Avoid Confusion 10 ARTICLE IV SHARED LIBRARY MATERIALS 11 Section 4.1 Shared Library Materials 11 Section 4.2 Cross-License of Shared Library Materials 11 Section 4.3 Maintenance of Shared Library Materials 11 Section 4.4 Potential Allocation of Shared Library Materials 12 Section 4.5 Confidentiality and Trade Secret Status of Shared Library Materials 13 Section 4.6 Third Party Materials Contained in the Shared Library Materials 13 ARTICLE V INTELLECTUAL PROPERTY LICENSES AND COVENANTS 13 Section 5.1 Cross-License of Shared Know-How 13 Section 5.2 Reserved 14 Section 5.3 Reserved 14 i Section 5.4 Cross-Licenses of Software 14 Section 5.5 Reserved 15 Section 5.6 Sublicensing; Assignability 15 Section 5.7 Restrictions on Licensor Exploitation of Intellectual Property 16 Section 5.8 Third Party Agreements; Reservation of 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