Document

Exhibit 10.8

Execution Version

AMENDMENT TO CREDIT AGREEMENT

This Amendment to Credit Agreement (this “Amendment”) is made as of June 17, 2025, by and among BABCOCK & WILCOX ENTERPRISES, INC., a Delaware corporation (the “Borrower”), the Persons named on Schedule I hereto (the “Guarantors”), B. Riley Financial, Inc. (the “Specified Guarantor”), the LENDERS party hereto, and AXOS BANK, as Administrative Agent (collectively, the “Parties”).

Reference is made to (i) that certain Credit Agreement, dated as of January 18, 2024 (as amended, modified, extended, restated, renewed, replaced, or supplemented from time to time, the “Credit Agreement”, and capitalized terms used in this Amendment shall have the respective meanings assigned to such terms in the Credit Agreement unless otherwise defined herein), among the Borrower, the Guarantors, the Lenders party thereto from time to time, and Axos Bank, as Administrative Agent and (ii) that certain Guaranty, dated as of January 18, 2024 (as amended, modified, extended, restated, renewed, replaced, or supplemented from time to time, the “Specified Guaranty”), by the Specified Guarantor in favor of the Secured Parties.

In consideration of the mutual covenants and benefits to be derived herefrom, the Parties agree that, notwithstanding any requirements under the Credit Agreement requiring the execution, delivery or maintenance of the Specified Guaranty, effective as of the date hereof until January 1, 2027, the Specified Guaranty is hereby suspended in all respects and the Specified Guarantor has no obligations under the Specified Guaranty until January 1, 2027. On January 1, 2027, the Specified Guaranty shall automatically and without action by an party come back into full force and effect, including with respect to any obligations owed on such date. .

[SIGNATURE PAGES FOLLOW]

IN WITNESS WHEREOF, the parties have hereunto caused this Amendment to be executed and their seals to be hereto affixed as of the date first above written.

BABCOCK & WILCOX ENTERPRISES, INC., as Borrower

By: /s/ Rodney E. Carlson_________________

Name: Rodney E. Carlson

AMERICON EQUIPMENT SERVICES, INC.

BABCOCK & WILCOX CONSTRUCTION CO., LLC

BABCOCK & WILCOX EQUITY INVESTMENTS, LLC

BABCOCK & WILCOX HOLDINGS, LLC

BABCOCK & WILCOX INTERNATIONAL SALES AND SERVICE CORPORATION

BABCOCK & WILCOX INTERNATIONAL, INC.

THE BABCOCK & WILCOX COMPANY

BABCOCK & WILCOX TECHNOLOGY, LLC

DIAMOND OPERATING CO., INC.

DIAMOND POWER CHINA HOLDINGS, INC.

DIAMOND POWER EQUITY INVESTMENTS, INC.

DIAMOND POWER INTERNATIONAL, LLC

SOFCO – EFS HOLDINGS LLC

BABCOCK & WILCOX SPIG, INC.

BABCOCK & WILCOX CANADA CORP.

BABCOCK & WILCOX NEW ENERGY HOLDINGS, LLC

BABCOCK & WILCOX SOLAR ENERGY, INC.

BABCOCK & WILCOX CHANUTE, LLC

BABCOCK & WILCOX FPS INC.,

BABCOCK & WILCOX DEVELOPMENTS, LLC

MOUNTAINEER C2H, LLC

By: /s/ Rodney E. Carlson ________

Name: Rodney E. Carlson

Signature Page to Amendment to Credit Agreement

B. RILEY FINANCIAL, INC.,

as Specified Guarantor

By: _/s/Bryant Riley__________________

Signature Page to Amendment to Credit Agreement

AXOS BANK, as Administrative Agent and a Lender

By: /s/Gregory Garrabrants_________________

Name: Gregory Garrabrants

Signature Page to Amendment to Credit Agreement

Americon Equipment Services, Inc.

Babcock & Wilcox Construction Co., LLC

Babcock & Wilcox Equity Investments, LLC

Babcock & Wilcox Holdings, LLC

Babcock & Wilcox International Sales and Service Corporation

Babcock & Wilcox International, Inc.

The Babcock & Wilcox Company

Babcock & Wilcox Technology, LLC

Diamond Operating Co., Inc.

Diamond Power China Holdings, Inc.

Diamond Power Equity Investments, Inc.

Diamond Power International, LLC

Sofco – EFS Holdings LLC

Babcock & Wilcox SPIG, Inc.

Babcock & Wilcox Canada Corp.

Babcock & Wilcox New Energy Holdings, LLC

Babcock & Wilcox Solar Energy, Inc.

Babcock & Wilcox Chanute, LLC

Babcock & Wilcox FPS Inc.

Babcock & Wilcox Developments, LLC

Mountaineer C2H, LLC