Exhibit 10.1
     FIRST AMENDMENT dated as of March 1, 2006 (this “Amendment”), in respect of
the Five-Year Credit Agreement dated as of October 26, 2005 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”),
among Dover Corporation (the “Company”), the Borrowing Subsidiaries from time to
time party thereto (together with the Company, the “Borrowers”), the lenders
from time to time party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A.,
as administrative agent (the “Agent”).
     The Borrower has requested that the Lenders amend certain provisions of the
Credit Agreement, and the Lenders are willing so to amend the Credit Agreement,
on the terms and subject to the conditions set forth herein. Capitalized terms
used herein and not otherwise defined herein shall have the meanings assigned to
such terms in the Credit Agreement.
     Accordingly, in consideration of the mutual agreements herein contained and
other good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the parties hereto agree as follows:
     SECTION 1. Amendment of Credit Agreement. The Credit Agreement is hereby
amended, effective as of the Amendment Effective Date (as defined in Section 3),
as follows:
     (a) Amendment of Section 5.01 Section 5.01 of the Credit Agreement is
hereby amended as follows:
     (i) Clause (a) is amended by deleting the text “within 60 days after the
end of each fiscal year of the Company” and substituting for it “within 90 days
after the end of each fiscal year of the Company or, if earlier, within 5 days
after the Company’s applicable deadline for the filing of its Form 10-K with the
Securities and Exchange Commission”
     (ii) Clause (b) is amended by deleting the text “within 40 days (or 35 days
for any quarter for which the Company’s applicable deadline for the filing of
its quarterly report on Form 10-Q with the Securities and Exchange Commission is
35 days) after the end of each of the first three quarters of each fiscal year
of the Company” and substituting for it “within 45 days after the end of each of
the first three quarters of each fiscal year of the Company or, if earlier,
within 5 days after the Company’s applicable deadline for the filing of its
quarterly report on Form 10-Q with the Securities and Exchange Commission”
     (iii) Clause (c) is amended by deleting the text “within (i) 60 days of the
end of each fiscal year of the Company and (ii) 40 days (or 35 days for any
quarter for which the Company’s applicable deadline for the filing of its
quarterly report on Form 10-Q with the Securities and Exchange Commission is
35 days) of the end of each of the first three quarters of each fiscal year of
the Company” and substituting for it “within the applicable time periods set
forth under paragraphs (a) and (b) above”

 

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2
     SECTION 2. Representations and Warranties. The Company represents and
warrants as of the Effective Date to the Lenders that:
     (a) Before and after giving effect to this Amendment, all representations
and warranties set forth in the Loan Documents (as modified hereby) are true and
correct.
     (b) Immediately after giving effect to this Amendment, no Default or Event
of Default has occurred and is continuing.
     SECTION 3. Conditions to Effectiveness. This Amendment shall become
effective on the date (the “Effective Date”) on which the Agent shall have
received counterparts hereof duly executed and delivered by the Company, the
Agent and the Required Lenders.
     SECTION 4. Agreements. (a) Except as specifically stated herein, the
provisions of the Credit Agreement are and shall remain in full force and
effect. As used herein, the terms “Credit Agreement”, “herein”, “hereunder”,
“hereinafter”, “hereto”, “hereof” and words of similar import shall, unless the
context otherwise requires, refer to the Credit Agreement, as modified hereby.
     (b) Except as expressly set forth herein, this Amendment shall not by
implication or otherwise limit, impair, constitute a waiver of, or otherwise
affect the rights and remedies of the Lenders or the Administrative Agent under,
the Credit Agreement or any other Loan Document, and shall not alter, modify,
amend or in any way affect any of the terms, conditions, obligations, covenants
or agreements contained in the Credit Agreement or any other Loan Document, all
of which are ratified and affirmed in all respects and shall continue in full
force and effect. Nothing herein shall be deemed to entitle any Borrower to a
consent to, or a waiver, amendment, modification or other change of, any of the
terms, conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other Loan Document in similar or different circumstances. This
Amendment shall apply and be effective only with respect to the provisions of
the Credit Agreement specifically referred to herein. This Amendment shall
constitute a “Loan Document” for all purposes of the Credit Agreement and each
other Loan Document.
     SECTION 5. Expenses. The Company agrees to reimburse the Agent for all
reasonable out-of-pocket expenses incurred by it in connection with this
Amendment, including the reasonable fees, charges and disbursements of Cravath,
Swaine & Moore LLP, counsel for the Agent.
     SECTION 6. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
     SECTION 7. Counterparts. This Amendment may be executed in two or more
counterparts, each of which shall constitute an original but all of which when
taken together shall constitute but one contract. Delivery of an executed
counterpart of a signature page of this Amendment by telecopy shall be effective
as delivery of a manually executed counterpart of this Amendment.

 

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3
     SECTION 8. Headings. The headings of this Amendment are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.

 

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4
     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective authorized officers as of the day and year
first above written.

                      DOVER CORPORATION,
 
               
 
      By:   /s/ Robert G. Kuhbach    
 
                        Name: Robert G. Kuhbach
Title: Vice President, Finance and Chief Financial Officer
 
                    JPMORGAN CHASE BANK, N.A.,
individually and as Administrative Agent,
 
               
 
      By:   /s/    
 
                        Name:
Title:    

 

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                      DOVER CORPORATION,
 
               
 
      By:        
 
                        Name: Robert G. Kuhbach
Title: Vice President, Finance and Chief Financial Officer
 
                    JPMORGAN CHASE BANK, N.A.,
individually and as Administrative Agent,
 
               
 
      By:   /s/ Randolph Cates    
 
                        Name: Randolph Cates
Title: Vice President

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March
1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
                    Lender:   Deutsche Bank AG New York Branch
 
               
 
      By:   /s/ Frederick W. Laird    
 
                        Name: Frederick W. Laird
Title: Managing Director
 
                    For any Lender requiring a second signature line:
 
               
 
      By:   /s/ Ming K. Chu    
 
                        Name: Ming K. Chu
Title: Vice President

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March 
1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
                    Lender:   Bank of America, N.A.
 
               
 
      By:   /s/ John Pocalyko    
 
                        Name: John Pocalyko
Title: Senior Vice President
 
                    For any Lender requiring a second signature line:
 
               
 
      By:        
 
               
 
      Name:
Title:  
   

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March
 1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
                    Lender:   The Royal Bank of Scotland plc
 
               
 
      By:   /s/ Philippe Sandmeier    
 
                        Name: Philippe Sandmeier
Title: Managing Director
 
                    For any Lender requiring a second signature line:
 
               
 
      By:        
 
               
 
      Name:        
 
      Title:        

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March 
1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
                    Lender:   Wachovia Bank, National Association
 
               
 
      By:   /s/ Nathan R. Rantala    
 
                        Name: Nathan R. Rantala
Title: Vice President
 
                    For any Lender requiring a second signature line:
 
               
 
      By:        
 
               
 
      Name:        
 
      Title:        

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March 
1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
                    Lender:   Citibank, N.A.
 
               
 
      By:   /s/ Costa (Gus) Rigas    
 
                        Name: Costa (Gus) Rigas
Title: Managing Director
 
                    For any Lender requiring a second signature line:
 
               
 
      By:        
 
               
 
      Name:        
 
      Title:        

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March 
1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
               
 
  Lender:            
 
               
 
      By:   /s/ Willem R.C. Pijpers    
 
               
 
      Name:   William R.C. Pijpers    
 
      Title:   Managing Director    
 
          ING Capital LLC    
 
                    For any Lender requiring a second signature line:
 
               
 
      By:        
 
               
 
      Name:        
 
      Title:        

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March 
1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
                    Lender: Bank of Tokyo-Mitsubishi UFJ Trust
Company (fomerly known as Bank of Tokyo-
Mitsubishi Trust Company)
 
               
 
      By:   /s/ Harumi Kambara    
 
                        Name: Harumi Kambara
Title: AVP
 
                    For any Lender requiring a second signature line:
 
               
 
      By:        
 
               
 
      Name:        
 
      Title:        

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March 
1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
                    Lender: WILLIAM STREET COMMITMENT
CORPORATION (Resourse only to assets of
William Street Commitment Corporation)
 
               
 
  By:   /s/ Mark Walton        
 
               
 
      Name: Mark Walton
Title: Assistant Vice President        

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March 
1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
               
 
  Lender:   North Fork Bank        
 
               
 
  By:   /s/ Enrico Panno        
 
               
 
      Name: Enrico Panno        
 
      Title: Vice President        

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March 
1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
                    Lender:   Skandinaviska Enskilda Banken AB (publ)
 
               
 
      By:   /s/ Michael I Dicks    
 
                        Name: Michael I Dicks
Title:
 
                    For any Lender requiring a second signature line:
 
               
 
      By:   /s/ signature illegible    
 
               
 
      Name:        
 
      Title:        

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March 
1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
                    Lender:   The Bank of New York
 
               
 
      By:   /s/ Roger Grossman    
 
                        Name: Roger Grossman
Title: Vice President
 
                    For any Lender requiring a second signature line:
 
               
 
      By:        
 
               
 
      Name:        
 
      Title:        

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March 
1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
                    Lender:   The Bank of Nova Scotia
 
               
 
      By:   /s/ Todd S. Meller    
 
                        Name: Todd S. Meller
Title: Managing Director
 
                    For any Lender requiring a second signature line:
 
               
 
      By:        
 
               
 
      Name:        
 
      Title:      

 

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                      SIGNATURE PAGE to the AMENDMENT dated as of March 
1, 2006, in respect of the FIVE YEAR CREDIT AGREEMENT
dated as of October 26, 2005.
 
                    To approve the Amendment:
 
                    Lender:   SUMITOMO MITSUI BANKING CORPORATION
 
               
 
      By:   /s/ David A. Buck    
 
                        Name: David A. Buck
Title: Senior Vice President
 
                    For any Lender requiring a second signature line:
 
               
 
      By:        
 
               
 
      Name:        
 
      Title: