Gulf Island Fabrication Inc., as borrower (Gulf Island), Whitney Bank and JPMorgan Chase, N.A., as lenders (collectively, the Lenders), and the existing guarantors (the Existing Guarantors) together with Gulf Island Shipyards, LLC, as a new guarantor (Shipyards) entered into the Fourteenth Amendment to Ninth Amended and Restated Credit Agreement, dated as of December 31, 2003 (the Credit Facility). The amendment extends the term of the Credit Facility from December 31, 2015 to February 29, 2016.