Exhibit 10.1

THIRD AMENDMENT TO THE
THIRD AMENDED AND RESTATED
RECEIVABLES PURCHASE AGREEMENT

This THIRD AMENDMENT TO THE THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE
AGREEMENT, dated as of December 5, 2012 (this “Amendment”), is among:
(i)
RADNOR FUNDING CORP., as Seller (the “Seller”);

(ii)
AIRGAS, INC. (in its individual capacity, “Airgas”), as Servicer (in such
capacity, the “Servicer”);

(iii)
VICTORY RECEIVABLES CORPORATION (“Victory”), as a Conduit Purchaser;

(iv)
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Administrator (in
such capacity, the “Administrator”), as Purchaser Agent (in such capacity, the
“Victory Purchaser Agent”) and as Related Committed Purchaser for the Purchaser
Group that includes Victory (the “Victory Purchaser Group”);

(v)
WORKING CAPITAL MANAGEMENT CO., LP (“Working Capital”), as a Conduit Purchaser
and as Related Committed Purchaser for the Purchaser Group that includes Working
Capital (the “Working Capital Purchaser Group”);

(vi)
MIZUHO CORPORATE BANK, LTD., as Purchaser Agent (in such capacity, the “Working
Capital Purchaser Agent”) for the Working Capital Purchaser Group;

(vii)
ATLANTIC ASSET SECURITIZATION LLC (“Atlantic”), as a Conduit Purchaser; and

(viii)
Credit Agricole Corporate and Investment Bank New York Branch, as Purchaser
Agent (in such capacity, the “Atlantic Purchaser Agent”) and as Related
Committed Purchaser for the Purchaser Group that includes Atlantic (the
“Atlantic Purchaser Group”).

The foregoing entities are herein collectively referred to as the “Parties”, and
capitalized terms used but not otherwise defined herein (including such terms
used above) have the respective meanings set forth in the Receivables Purchase
Agreement (as defined below).
BACKGROUND
WHEREAS, the Parties have entered into that certain Third Amended and Restated
Receivables Purchase Agreement, dated as of March 17, 2010 (as amended,
supplemented or otherwise modified through the date hereof, the “Receivables
Purchase Agreement”); and
WHEREAS, the Parties desire to amend the Receivables Purchase Agreement as set
forth herein; and
WHEREAS, in connection with this Amendment and concurrently herewith, the
Seller, the Servicer and the members of the Victory Purchaser Group are entering
into a Fifth Amended and Restated Fee Letter, dated the date hereof (the
“Victory Fee Letter”); and
WHEREAS, in connection with this Amendment and concurrently herewith, the
Seller, the Servicer and the members of the Working Capital Purchaser Group are
entering into an Amended and Restated Fee Letter, dated the date hereof (the
“Working Capital Fee Letter”); and
WHEREAS, in connection with this Amendment and concurrently herewith, the
Seller, the Servicer and the members of the Atlantic Purchaser Group are
entering into an Amended and Restated Fee Letter, dated the date hereof (the
“Atlantic Fee Letter”, together with the Victory Fee Letter and the Working
Capital Fee Letter, collectively, the “Fee Letters”); and

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WHEREAS, in connection with this Amendment and concurrently herewith, the
Seller, Wells Fargo Bank, National Association and The Bank of Tokyo-Mitsubishi
UFJ, Ltd., New York Branch are entering into a Second Amendment to the Deposit
Account Control Agreement, dated as of the date hereof (the “DACA Amendment”).
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties agree as follows:
SECTION 1.Amendments to the Receivables Purchase Agreement. The Receivables
Purchase Agreement is amended as follows:

(a)The definition of “Facility Termination Date” set forth in Exhibit I to the
Receivables Purchase Agreement is amended by deleting the date “December 21,
2013” where it appears in clause (a) thereof and substituting the date “December
4, 2015” therefor.

(b)Schedule II to the Receivables Purchase Agreement is replaced in its entirety
with Exhibit A attached hereto.

(c)Schedule IV to the Receivables Purchase Agreement is replaced in its entirety
with Exhibit B attached hereto.

SECTION 2.Certain Representations, Warranties and Covenants. Each of the Seller,
Airgas and the Servicer hereby represents, warrants and covenants to each of the
other Parties that:

(a)the representations and warranties of such Person contained in Exhibit III to
the Receivables Purchase Agreement are true and correct as of the date hereof
(unless stated to relate solely to an earlier date, in which case such
representations and warranties were true and correct as of such earlier date);

(b)the execution and delivery by such Person of this Amendment, and the
performance of its obligations under this Amendment and the Receivables Purchase
Agreement (as amended hereby) are within its corporate powers and have been duly
authorized by all necessary corporate action on its part, and this Amendment and
the Receivables Purchase Agreement (as amended hereby) are its valid and legally
binding obligations, enforceable in accordance with its terms, subject to the
effect of bankruptcy, insolvency, reorganization or other similar laws affecting
the enforcement of creditors' rights generally; and

(c)no Termination Event or Unmatured Termination Event has occurred, is
continuing, or would occur as a result of this Amendment.

SECTION 3.Effectiveness. This Amendment shall become effective as of the date
hereof upon receipt by (i) the Victory Purchaser Agent of counterparts of the
Victory Fee Letter, duly executed by each of the Parties party thereto, (ii) the
Working Capital Purchaser Agent of counterparts of the Working Capital Fee
Letter, duly executed by each of the Parties party thereto, (iii) the Atlantic
Purchaser Agent of counterparts of the Atlantic Fee Letter, duly executed by
each of the Parties party thereto and (iv) the Administrator of the following,
in each case, in form and substance satisfactory to the Administrator:

(a)counterparts of this Amendment, duly executed by each of the Parties;

(b)counterparts of the DACA Amendment, duly executed by each of the parties
thereto;

(c)confirmation from each Purchaser Agent that the “Amendment Fee” (as defined
in each applicable Fee Letter) payable to such Purchaser Agent has been paid in
full in accordance with the terms of the related Fee Letter; and

(d)such other documents and instruments as the Administrator may reasonably
request.

SECTION 4.Effect of Amendment. Except as expressly amended and modified by this
Amendment, all provisions of the Receivables Purchase Agreement remain in full
force and effect. After this Amendment becomes effective, all references in the
Receivables Purchase Agreement (or in any other Transaction Document) to “the
Receivables Purchase Agreement,” “this Agreement,” “hereof,” “herein” or words
of similar effect, in each case referring to the Receivables Purchase Agreement,
shall be deemed to be references to the Receivables Purchase Agreement as
amended by this Amendment. This Amendment shall not be deemed to expressly or
impliedly waive, amend or supplement any provision of the Receivables Purchase
Agreement other than as set forth herein.

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SECTION 5.Ratification. After giving effect to this Amendment and each of the
transactions contemplated by this Amendment, all of the provisions of the Parent
Undertaking Agreement shall remain in full force and effect and Airgas, as
parent under the Parent Undertaking Agreement, hereby ratifies and affirms the
Parent Undertaking Agreement and acknowledges that the Parent Undertaking
Agreement has continued and shall continue in full force and effect in
accordance with its terms.    

SECTION 6.Counterparts. This Amendment may be executed in any number of
counterparts and by different Parties on separate counterparts, and each
counterpart shall be deemed to be an original, and all such counterparts shall
together constitute but one and the same instrument. Delivery of an executed
counterpart of this Amendment by facsimile or other electronic transmission
shall be as effective as delivery of a manually executed counterpart.

SECTION 7.Governing Law. This Amendment shall be governed by, and construed in
accordance with, the internal laws of the State of New York without regard to
any otherwise applicable conflict of law principles which would require the
application of the laws of any jurisdiction other than those of the state of New
York.

SECTION 8.Section Headings. The various headings of this Amendment are inserted
for convenience only and shall not affect the meaning or interpretation of this
Amendment or the Receivables Purchase Agreement or any provision hereof or
thereof.

[Signatures begin on the following page]

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IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by
their respective officers thereunto duly authorized, as of the date first above
written.

RADNOR FUNDING CORP., as Seller

By: /s/ Melanie S. Andrews
Name: Melanie S. Andrews
Title: President & Treasurer

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AIRGAS, INC., as Servicer

By: /s/ Joseph C. Sullivan
Name: Joseph C. Sullivan
Title: Vice President and Treasurer

S - 2

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Administrator

By: /s/ Christopher Pohl
Name: Christopher Pohl
Title: Managing Director

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Purchaser Agent for
Victory's Purchaser Group

By: /s/ Christopher Pohl
Name: Christopher Pohl
Title: Managing Director

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Related Committed
Purchaser for Victory's Purchaser Group

By: /s/ George Stoecklein
Name: George Stoecklein
Title: Director

S - 3

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VICTORY RECEIVABLES CORPORATION, as a Conduit Purchaser

By: /s/ David V. DeAngelis
Name: David V. DeAngelis    
Title: Vice President

S - 4

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WORKING CAPITAL MANAGEMENT CO., LP, as a Conduit Purchaser and as Related
Committed Purchaser for Working Capital's Purchaser Group

By: /s/ Shinichi Nochiide
Name: Shinichi Nochiide
Title: Attorney-in- Fact

S - 5

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MIZUHO CORPORATE BANK, LTD.,
as Purchaser Agent for Working Capital's Purchaser Group

By: /s/ Leon Mo
Name: Leon Mo    
Title: Authorized Signatory

S - 6

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ATLANTIC ASSET SECURITIZATION LLC, as a Conduit Purchaser

By: /s/ Sam Pilcer
Name: Sam Pilcer
Title: Managing Director

By: /s/ Kostantina Kourmpetis
Name: Kostantina Kourmpetis
Title: Managing Director

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Credit Agricole Corporate and Investment Bank New York Branch, as Purchaser
Agent and Related Committed Purchaser for Atlantic's Purchaser Group

By: /s/ Sam Pilcer
Name: Sam Pilcer
Title: Managing Director

By: /s/ Kostantina Kourmpetis
Name: Kostantina Kourmpetis
Title: Managing Director

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Acknowledge and Agreed:

AIRGAS, INC., as the Parent under the
Parent Undertaking Agreement

By:/s/ Joseph C. Sullivan
Name: Joseph C. Sullivan
Title: Vice President and Treasurer

S - 9

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EXHIBIT A

SCHEDULE II
BLOCKED ACCOUNT BANKS AND LOCK-BOX ACCOUNTS

Bank
DDA No.
Lock-Box No.
PNC Bank, National Association
8606074174
8606074182
8606074166
8606074158
8606074131
8606074123
8606074115
8606074318
8611720839
8606074772
8606074799
8606074203
8611726982
676015
532609
532625
917423
802588
802615
917427
802576
917430
676031
827049
917425
773225
Bank of Hawaii
0081-599467
5494
Wells Fargo Bank, National Association
2000030514506
951884
 
2000030514519
951873
 
2000030514522
2000030514535
2000030514962
934402
934434
601985
 
4122368897
602792

Schedule II -1

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EXHIBIT B

SCHEDULE IV
LOCATION OF RECORDS
Servicer
Location of Records
Airgas, Inc.
259 N. Radnor Chester Rd., Suite 100
Radnor, PA 19087
Seller
 
Radnor Funding Corp.
210 G Baynard Bldg.
3411 Silverside Rd.
Wilmington, DE 19810
Originator
 
Airgas Carbonic, Inc.
2530 Sever Rd., Suite 300
Lawrenceville, GA 30043
Airgas Merchant Gases, LLC
259 N. Radnor Chester Rd., Suite 100
Radnor, PA 19087
Airgas Safety, Inc.
128 Wharton Road
Bristol, PA 19007
Airgas Specialty Gases, Inc.
2530 Sever Rd., Suite 300
Lawrenceville, GA 30043
Airgas Specialty Products, Inc.
2530 Sever Rd., Suite 300
Lawrenceville, GA 30043
Airgas USA, LLC
259 N. Radnor Chester Rd., Suite 100
Radnor, PA 19087
National Welders Supply Company, Inc.
5311 Seventy Seven Center Drive,
Charlotte, NC 28217
Nitrous Oxide Corp.
2530 Sever Rd., Suite 300
Lawrenceville, GA 30043

Schedule IV - 1