Exhibit 10.36

EXECUTION COPY

AMENDMENT NO. 1

Dated as of September 26, 2012

to

CREDIT AGREEMENT

Dated as of March 5, 2012

THIS AMENDMENT NO. 1 (this “Amendment”) is made as of September 26, 2012 by and
among H.B. Fuller Company, a Minnesota corporation (the “Company”), the Foreign
Subsidiary Borrowers party hereto (together with the Company, the “Borrowers”),
the financial institutions listed on the signature pages hereof (the “Lenders”)
and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative
Agent”), under that certain Credit Agreement dated as of March 5, 2012 by and
among the Company, the Foreign Subsidiary Borrowers from time to time party
thereto, the financial institutions from time to time party thereto as Lenders
and the Administrative Agent (as amended prior to the date hereof, the “Credit
Agreement”). Defined terms used herein and not otherwise defined herein shall
have the respective meanings given to them in the Credit Agreement.

WHEREAS, the Borrowers, the Lenders party hereto and the Administrative Agent
have agreed to amend the Credit Agreement on the terms and conditions set forth
herein;

NOW, THEREFORE, in consideration of the premises set forth above, the terms and
conditions contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Borrowers, the
Lenders party hereto and the Administrative Agent have agreed to the following
amendment to the Credit Agreement.

1. Amendment to Credit Agreement. Subject to the satisfaction of the conditions
precedent set forth in Section 2 below, clause (l) of Section 6.04 of the Credit
Agreement is hereby amended and restated to read as follows:

(l) any other investment, loan, advance or Guarantee not otherwise permitted by
this Section (other than acquisitions, but including investments or capital
contributions by the Company or any Subsidiary in Joint Ventures) so long as the
aggregate amount outstanding of all such investments, loans, advances and
Guarantees does not exceed $75,000,000 during the term of this Agreement.

2. Conditions of Effectiveness. The effectiveness of this Amendment is subject
to the conditions precedent that the Administrative Agent shall have received
(i) counterparts of this Amendment duly executed by the Borrowers, the Required
Lenders and the Administrative Agent and the Consent and Reaffirmation attached
hereto duly executed by the Subsidiary Guarantors and (ii) from the Company
payment and/or reimbursement of the Administrative Agent’s and its affiliates’
fees and reasonable out-of-pocket expenses (including reasonable legal fees and
expenses) in connection with this Amendment.

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3. Representations and Warranties of the Borrowers. Each Borrower hereby
represents and warrants as follows:

(a) This Amendment and the Credit Agreement as amended hereby constitute a
legal, valid and binding obligation of such Borrower, enforceable in accordance
with their terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other laws affecting creditors’ rights generally and subject to
general principles of equity, regardless of whether considered in a proceeding
in equity or at law.

(b) As of the date hereof and giving effect to the terms of this Amendment,
(i) there exists no Default and (ii) the representations and warranties of such
Borrower set forth in the Credit Agreement (other than the representation
contained in Section 3.04(b) of the Credit Agreement) are true and correct in
all material respects (or are true and correct in all respects if the applicable
representation and warranty is qualified by materiality or Material Adverse
Effect).

4. Reference to and Effect on the Credit Agreement.

(a) Upon the effectiveness of Section 1 hereof, each reference to the Credit
Agreement in the Credit Agreement or any other Loan Document shall mean and be a
reference to the Credit Agreement as amended hereby.

(b) Except as specifically amended above, the Credit Agreement and all other
documents, instruments and agreements executed and/or delivered in connection
therewith shall remain in full force and effect and are hereby ratified and
confirmed.

(c) The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of the Administrative Agent or
the Lenders, nor constitute a waiver of any provision of the Credit Agreement or
any other documents, instruments and agreements executed and/or delivered in
connection therewith.

5. Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of New York.

6. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.

7. Counterparts. This Amendment may be executed by one or more of the parties
hereto on any number of separate counterparts, and all of said counterparts
taken together shall be deemed to constitute one and the same instrument.

[Signature Pages Follow]

 

2

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IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year
first above written.

 

H.B. FULLER COMPANY By:   /s/ Cheryl A. Reinitz Name:   Cheryl A. Reinitz Title:
  Vice President & Treasurer H.B. FULLER FINANCE (IRELAND) By:   /s/ Cheryl A.
Reinitz Name:   Cheryl A. Reinitz Title:   Director

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Credit Agreement dated as of March 5, 2012

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JPMORGAN CHASE BANK, N.A.,     as a Lender and as Administrative Agent By:   /s/
Richard Barritt Name:   Richard Barritt Title:   Associate

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Credit Agreement dated as of March 5, 2012

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CITIBANK, N.A.,     as a Lender By:   /s/ John Tucker Name:   John Tucker Title:
  Vice President

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Credit Agreement dated as of March 5, 2012

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,     as a Lender By:   /s/ Christine
Howatt Name:   Christine Howatt Title:   Authorized Signatory

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Credit Agreement dated as of March 5, 2012

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MORGAN STANLEY BANK, N.A.,

    as a Lender

By:

   

Name:

 

Title:

 

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Credit Agreement dated as of March 5, 2012

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BANK OF AMERICA, N.A.,

    as a Lender

By:

 

/s/ Anthony Q. Richardson

Name:

 

Anthony Q. Richardson

Title:

 

Senior Vice President

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Credit Agreement dated as of March 5, 2012

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PNC BANK, NATIONAL ASSOCIATION,

    as a Lender

By:

 

/s/ Philip K. Liebscher

Name:

 

Philip K. Liebscher

Title:

 

Senior Vice President

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Credit Agreement dated as of March 5, 2012

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U.S. BANK NATIONAL ASSOCIATION,

    as a Lender

By:

   

Name:

 

Title:

 

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Credit Agreement dated as of March 5, 2012

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WELLS FARGO BANK, NATIONAL ASSOCIATION,

    as a Lender

By:

 

/s/ Gregory Strauss

Name:

 

Gregory Strauss

Title:

 

Director

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Credit Agreement dated as of March 5, 2012

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THE NORTHERN TRUST COMPANY,

as a Lender

By:

   

Name:

 

Title:

 

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Credit Agreement dated as of March 5, 2012

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HSBC BANK USA, NATIONAL ASSOCIATION,

    as a Lender

By:

 

/s/ Graeme Robertson

Name:

 

Graeme Robertson

Title:

 

Director

 

Signature Page to Amendment No. 1

H.B. Fuller Company

Credit Agreement dated as of March 5, 2012

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CONSENT AND REAFFIRMATION

The undersigned hereby acknowledges receipt of a copy of the foregoing Amendment
No. 1 to the Credit Agreement dated as of March 5, 2012 (as the same may be
amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”) by and among H.B. Fuller Company, the Foreign Subsidiary
Borrowers from time to time party thereto, the financial institutions from time
to time party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., in its
individual capacity as a Lender and in its capacity as contractual
representative (the “Administrative Agent”), which Amendment No. 1 is dated as
of September 26, 2012 (the “Amendment”). Capitalized terms used in this Consent
and Reaffirmation and not defined herein shall have the meanings given to them
in the Credit Agreement. Without in any way establishing a course of dealing by
the Administrative Agent or any Lender, the undersigned consents to the
Amendment and reaffirms the terms and conditions of the Subsidiary Guaranty and
any other Loan Document executed by it and acknowledges and agrees that such
agreement and each and every such Loan Document executed by the undersigned in
connection with the Credit Agreement remains in full force and effect and is
hereby reaffirmed, ratified and confirmed. All references to the Credit
Agreement contained in the above-referenced documents shall be a reference to
the Credit Agreement as so modified by the Amendment and as the same may from
time to time hereafter be amended, modified or restated.

Dated: September 26, 2012

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H.B. FULLER CONSTRUCTION PRODUCTS INC.

By:

 

/s/ Cheryl A. Reinitz

Name:

 

Cheryl A. Reinitz

Title:

 

Treasurer

 

Signature Page to Consent and Reaffirmation to Amendment No. 1

H.B. Fuller Company

Credit Agreement dated as of March 5, 2012