Exhibit 10.25

 

SECOND AMENDMENT TO AGREEMENT

 

This Second Amendment, dated November 24, 2004, is among Thermadyne Holdings
Corporation, a Delaware corporation, its subsidiaries, (collectively the
“Company”), and James H. Tate (“Executive”).

 

WITNESSETH:

 

WHEREAS, the Company and Executive entered into an Agreement dated August 27,
2004 (the “Agreement”), which among other things set forth the terms of
Executive’s resignation as the Company’s Chief Financial Officer and appointment
as its Financial Project Leader; and,

 

WHEREAS, the Parties first amended the Agreement on November 11, 2004; and,

 

WHEREAS the parties desire to modify the Agreement;

NOW THEREFORE, the parties agree as follows:

 

1.               Section 1 of the Amended Agreement shall be deleted in full and
replaced with the following:

 

1.                                       Resignation from Current Positions.  On
the earlier of: 1) the date the Company hires a new Chief Financial Officer, or
2) December 15, 2004 (which earlier date is hereinafter referred to as the
“Resignation Date”), Executive shall cease to be Senior Vice President Chief
Financial Officer, and cease to be an officer, or director of the Company.

 

2.               All other provisions of the Agreement remain in full force and
effect.

 

 

James H. Tate

 

 

 

\s\ James H. Tate

 

 

Address of Executive:

 

17605 Lasiandra Drive

 

Chesterfield, MO 63005

 

 

 

 

 

EMPLOYERS:

 

 

 

 

 

Thermadyne Holdings Corporation

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

--------------------------------------------------------------------------------

 

 

Thermadyne Industries, Inc.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Victor Equipment Company

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne International Corp.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

Tweco Products, Inc.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermal Dynamics Corp.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Stoody Company

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

--------------------------------------------------------------------------------

 

 

Thermal Arc, Inc.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

C&G Systems Holding, Inc.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

C&G Systems, Inc.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne Italia, Srl.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne Australia Pty Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne Asia/Pacific Pte Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

--------------------------------------------------------------------------------

 

 

Thermadyne Japan, Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

 

Title: Vice President and General Counsel

 

 

 

 

 

Palco Trading Company

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne Foreign Sales Corporation

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne South America Holdings, Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne South Africa (Pty) Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Maxweld & Braze (Pty) Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

--------------------------------------------------------------------------------

 

 

GenSet S.p.A.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Tecmo Srl

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Ocim Srl

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Tec Mo Cut Srl

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Tec Mo Control Srl

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

 

Title: Vice President and General Counsel

 

 

 

 

 

BBM Srl

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

--------------------------------------------------------------------------------

 

 

Duxtech Pty. Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Cigweld Group Pty. Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Quetala Pty. Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Quetack Pty. Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Quetala Unit Trust

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne Brazil Holdings, Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

--------------------------------------------------------------------------------

 

 

Thermadyne Victor Ltda.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne Chile Holdings, Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Soltec SA

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Metalservice S.A.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne do Brasil Ltda.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne Industries Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

--------------------------------------------------------------------------------

 

 

Thermadyne Cylinder Co.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Canadian Cylinder Company

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne Receivables, Inc.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

MECO Holding Company

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Tile:

Vice President and General Counsel

 

 

 

 

 

Protip Corporation

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne Welding Products Canada, Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

--------------------------------------------------------------------------------

 

 

Thermadyne de Mexico S.A. de C.V.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Tweco de Mexico S.A. de C.V.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Victor Equipment de Mexico S.A. de C.V.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Cigweld Group Pty. Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Philippine Welding Equipment, Inc.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Cigweld Property Holdings, Inc.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

--------------------------------------------------------------------------------

 

 

Thermal Arc Phils, Inc.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Cigweld Philippines, Inc.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne Asia SDN BHD

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne Korea Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

PT Thermadyne Utama

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

PT Cigweld Indonesia

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

--------------------------------------------------------------------------------

 

 

Thermadyne Hong Kong Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Cigweld Malaysia SDN

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

 

 

 

 

Thermadyne Thailand Co. Ltd.

 

 

 

 

 

By:

\s\ Patricia S. Williams

 

 

 

Patricia S. Williams

 

Title:

Vice President and General Counsel

 

--------------------------------------------------------------------------------