Exhibit 10.1

EXECUTION COPY

AMENDMENT NO. 1

TO

CREDIT AGREEMENT

Dated as of November 21, 2011

THIS AMENDMENT NO. 1 TO CREDIT AGREEMENT (“Amendment”) is made as of the
“Amendment No. 1 Effective Date” (as defined below) by and among GARDNER DENVER,
INC. (the “Borrower”), GD FIRST (UK) LIMITED, a limited company organized under
the laws of England and Wales (the “UK Borrower”), and GARDNER DENVER HOLDINGS
GMBH & CO. KG, a limited partnership organized under the laws of Germany (the
“German Borrower,” and together with the Borrower and the UK Borrower, the
“Borrowers”), the financial institutions listed on the signature pages hereof as
lenders (the “Lenders”), JPMORGAN CHASE BANK, N.A., individually as a Lender, as
LC Issuer, and Swing Line Lender and as agent (the “Agent”) for the Lenders
under that certain Credit Agreement dated as of September 19, 2008 by and among
the Borrowers, the Lenders and the Agent (as such may be amended, restated,
supplemented or otherwise modified, the “Credit Agreement”). Defined terms used
herein and not otherwise defined herein shall have the meaning given to them in
the Credit Agreement.

WITNESSETH

WHEREAS, the Borrowers, the Lenders, the LC Issuer, the Swing Line Lender and
the Agent are parties to the Credit Agreement;

WHEREAS, the Borrowers have requested that the Lenders amend the Credit
Agreement in certain respects; and

WHEREAS, the Lenders party hereto and the Agent are willing to amend the Credit
Agreement, in each case 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 and the Agent have agreed to the following:

1. Amendment to Credit Agreement. Effective as of the Amendment No. 1 Effective
Date and subject to the satisfaction of the conditions precedent set forth in
Section 3 below, the Credit Agreement is hereby amended as follows:

1.1. Article I of the Credit Agreement is amended to add the following new
definitions thereto in the appropriate alphabetical order:

“Amendment No. 1” means Amendment No. 1 to this Agreement, dated as of
November 21, 2011, by and among the Borrowers, the Lenders party thereto and the
Agent.

“Amendment No. 1 Effective Date” means November 21, 2011.

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“Incremental Term Loan” means any term loan made in accordance with the terms
and conditions of Section 2.27.

“Initial Term Loans” is defined in Section 2.3(a) hereof.

“2011 Term Loans” is defined in Section 2.3(a) hereof.

“2011 Term Loan Tranche Commitment” means, for each applicable Lender, the
obligation of such Lender to make its 2011 Term Loan in Dollars pursuant to the
terms and conditions of this Agreement, and which shall not exceed the principal
amount set forth opposite its name on Schedule 1(d) hereto under the heading
“2011 Term Loan Tranche Commitment”.

1.2. Article I of the Credit Agreement is amended to restate the following
existing definitions in their entirety as follows:

“Aggregate Term Loan Commitment” means the aggregate of the Term Loan Dollar
Tranche Commitments, the Term Loan Euro Tranche Commitments, the 2011 Term Loan
Tranche Commitments and any commitments in respect of Incremental Term Loans.

“Applicable Margin” means, with respect to a Loan for any day, the applicable
percentage rate per annum set forth below opposite the Leverage Ratio in effect
on such day:

 

Leverage Ratio:     Applicable Margin:  

Greater

than

  

But Less
than

or Equal to

     Eurocurrency
Loans which
are Revolving
Loans     Eurocurrency
Loans which
are Term
Loans (other
than 2011
Term Loans)     Floating Rate
Loans (other
than 2011
Term Loans)     Eurocurrency
Loans which
are 2011 Term
Loans     Floating Rate
Loans which
are 2011 Term
Loans   —      0.75         1.20 %      1.50 %      0.25 %      1.25 %      0.25
%  0.75      1.50         1.65 %      2.00 %      0.75 %      1.50 %      0.50
%  1.50      2.25         2.10 %      2.50 %      1.25 %      1.75 %      0.75
%  2.25      3.00         2.30 %      2.75 %      1.50 %      2.00 %      1.00
%  3.00      —           2.50 %      3.00 %      1.75 %      2.25 %      1.25 % 

The Applicable Margin for new as well as outstanding Loans shall be adjusted
(upward or downward) effective five Business Days after the Agent has received
(and such adjustment, if any, shall be based upon) the Parent Borrower’s
compliance certificate delivered with the Parent Borrower’s financial statements
pursuant to clauses (i) and (ii) of Section 6.1; provided, however, that before
receipt by the Agent of the Parent Borrower’s compliance certificate delivered
with the Parent Borrower’s financial statements pursuant to clauses (i) and
(ii) of Section 6.1 for the fiscal quarter ending December 31, 2008, the
Applicable Margin for (a) Eurocurrency Loans which are Revolving Loans shall be
2.10%, (b) Eurocurrency Loans which are Term Loans shall be 2.50% and
(c) Floating Rate Loans shall be 1.25% (unless, in each case, such financial
statements for the fiscal quarter ending on or about September 30, 2008
demonstrate that a higher rate per annum in accordance with the preceding
pricing grid should have been applicable during such period, in which case such
higher rate per annum shall be effective five Business Days after the Agent has
received such September 30, 2008 financial statements); provided, further, that,
with respect to the 2011 Term Loans, before receipt by the Agent of the Parent
Borrower’s compliance certificate delivered with the Parent Borrower’s financial
statements pursuant to clauses (i) and (ii) of Section 6.1 for the fiscal
quarter ending December 31, 2011, the Applicable Margin for (a) Eurocurrency
Loans which are 2011 Term Loans shall be 1.50% and (b) Floating

 

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Rate Loans which are 2011 Term Loans shall be 0.50% (unless, in each case, such
financial statements for the fiscal quarter ending on or about December 31, 2011
demonstrate that a higher rate per annum in accordance with the preceding
pricing grid should have been applicable during such period, in which case such
higher rate per annum shall be effective five Business Days after the Agent has
received such December 31, 2011 financial statements); and provided, further,
that if the Parent Borrower fails to deliver to the Agent a compliance
certificate and financial statements pursuant to clauses (i) and (ii) of
Section 6.1 for any reason, then the Applicable Margin for (a) Eurocurrency
Loans which are Revolving Loans shall be 2.50%, (b) Eurocurrency Loans which are
Term Loans (other than 2011 Term Loans) shall be 3.00%, (c) Floating Rate Loans
(other than 2011 Term Loans) shall be 1.75%, (d) Eurocurrency Loans which are
2011 Term Loans shall be 2.25% and (e) Floating Rate Loans which are 2011 Term
Loans shall be 1.25%, in each case effective until five Business Days after such
compliance certificate and financial statements are received by the Agent.

“Maturity Date” means October 15, 2013.

“Percentage” means, with respect to any Lender, the percentage obtained by
dividing (A) the sum of such Lender’s Term Loans and Revolving Loan Commitment
at such time (in each case, as adjusted from time to time in accordance with the
provisions of this Agreement) by (B) the sum of the aggregate amount of all of
the Term Loans and the Aggregate Revolving Loan Commitment at such time;
provided, however, if all of the Commitments are terminated pursuant to the
terms of this Agreement, then “Percentage” means the percentage obtained by
dividing (i) the sum of (a) such Lender’s Term Loans and the Dollar Amount of
such Lender’s Revolving Loans, plus (b) such Lender’s share of the obligation to
purchase participations in Swing Line Loans, plus (c) such Lender’s share of the
obligation to purchase participations in Facility LCs by (ii) the sum of (a) the
aggregate amount of all Term Loans and the Dollar Amount of Revolving Loans plus
(b) the aggregate amount of all Swing Line Loans, plus (c) the aggregate
outstanding Dollar Amount of all Facility LCs.

“Term Loan Commitment” means, for each applicable Lender, the obligation of such
Lender to make its Term Loans pursuant to the terms and conditions of this
Agreement, and which shall not exceed the Term Loan Dollar Tranche Commitment,
the Term Loan Euro Tranche Commitment, the 2011 Term Loan Tranche Commitment,
and any commitment in respect of Incremental Term Loans, as applicable, of such
Lender.

“Term Loan Dollar Tranche Commitment” means, for each applicable Lender, the
obligation of such Lender to make its Initial Term Loan in Dollars pursuant to
the terms and conditions of this Agreement, and which shall not exceed the
principal amount set forth opposite its name on Schedule 1(a) hereto under the
heading “Term Loan Dollar Tranche Commitment,” as such amount may be modified
from time to time pursuant to the terms hereof. For the avoidance of doubt, it
is understood and agreed that the Term Loan Dollar Tranche Commitments
terminated on the Term Loan Funding Date.

“Term Loan Euro Tranche Commitment” means, for each applicable Lender, the
obligation of such Lender to make its Initial Term Loan in euro pursuant to the
terms and conditions of this Agreement, and which shall not exceed the principal
amount set forth opposite its name on Schedule 1(a) hereto under the heading
“Term Loan Euro Tranche Commitment,” as such amount may be modified from time to
time pursuant to the terms hereof. For the avoidance of doubt, it is understood
and agreed that the Term Loan Euro Tranche Commitments terminated on the Term
Loan Funding Date.

 

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“Term Loan Funding Date” means the date on which the Initial Term Loans were
funded, which date was October 20, 2008.

“Term Loan Percentage” means, with respect to any Term Loan Lender, the
percentage obtained by dividing (A) the sum of such Term Loan Lender’s Term
Loans at such time by (B) the sum of the aggregate amount of all of the Term
Loans at such time.

“Term Tranche” means the tranche of Term Loans under the Term Loan Dollar
Tranche Commitments, the Term Loan Euro Tranche Commitments, the 2011 Term Loan
Tranche Commitments and/or any commitment in respect of Incremental Term Loans,
as applicable.

“Term Tranche Percentage” means, with respect to any Term Loan Lender under a
Term Tranche, the percentage obtained by dividing (A) the sum of such Term Loan
Lender’s Term Loans under such Term Tranche at such time by (B) the sum of the
aggregate amount of all of the Term Loans under such Term Tranche at such time.

1.3. Section 2.3(a) of the Credit Agreement is hereby restated in its entirety
as follows:

“(a) Generally. Subject to the terms and conditions set forth in this Agreement,
each applicable Term Loan Lender (i) has made on the Term Loan Funding Date term
loans in the applicable currency to the Parent Borrower in an aggregate amount
equal to such Lender’s Term Loan Dollar Tranche Commitment and Term Loan Euro
Tranche Commitment (in each case, if any) (each individually, an “Initial Term
Loan” and, collectively, the “Initial Term Loans”), (ii) severally agrees to
make on the Amendment No. 1 Effective Date term loans in Dollars to the Parent
Borrower in an aggregate amount equal to such Lender’s 2011 Term Loan Tranche
Commitment (if any) (each individually, a “2011 Term Loan” and, collectively,
the “2011 Term Loans”) and (iii) severally agrees to make on the applicable
funding date term loans in the applicable currency to the applicable Borrower(s)
in an aggregate amount equal to such Lender’s commitment in respect of such
Incremental Term Loans (if any) in accordance with the terms and conditions of
Section 2.27 (each of the loans described in the foregoing clauses (i), (ii) and
(iii) individually, a “Term Loan” and, collectively, the “Term Loans”). Each
such Initial Term Loan was previously made on the Term Loan Funding Date by each
applicable Term Loan Lender. Each such 2011 Term Loan made on the Amendment
No. 1 Effective Date by a Term Loan Lender shall be made to the Parent Borrower
and shall be denominated in Dollars in an amount equal to its 2011 Term Loan
Tranche Commitment. Each such Incremental Term Loan made on the applicable
funding date by a Term Loan Lender shall be made to the applicable Borrower and
denominated in the applicable currency in an amount equal to its Term Loan
Commitment in respect of such Incremental Term Loans (if any). All Term Loans
shall be made by the Term Loan Lenders on the Term Loan Funding Date, the
Amendment No. 1 Effective Date or any other applicable funding date in
accordance with the terms and conditions of Section 2.27, as applicable,
simultaneously and proportionately to their respective Term Loan Percentages and
Term Tranche Percentages, it being understood that no Term Loan Lender shall be
responsible for any failure by any other Term Loan Lender to perform its
obligation to make any Term Loan hereunder nor shall the Term Loan Commitment of
any Term Loan Lender be increased or decreased as a result of any such failure.”

 

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1.4. Section 2.3(b) of the Credit Agreement is hereby restated in its entirety
as follows:

“(b) Borrowing Notice. The applicable Borrower shall execute and deliver to the
Agent a Borrowing Notice no later than three (3) Business Days prior to the
applicable funding date in respect of the applicable Term Loans. Such Borrowing
Notice shall specify (i) the aggregate amount of the Term Loans being requested
(which shall be (x) in respect of the 2011 Term Loans, equal to the 2011 Term
Loan Tranche Commitments and (y) in respect of any Incremental Term Loans, equal
to the aggregate commitments in respect of such Incremental Term Loans) and
(ii) instructions for the disbursement of proceeds of such Term Loans. Any
Borrowing Notice given pursuant to this Section 2.3(b) shall be irrevocable.”

1.5. Section 2.3(c) of the Credit Agreement is hereby restated in its entirety
as follows:

“(c) Making of Term Loans. Promptly after receipt of the Borrowing Notice under
Section 2.3(b) in respect of any Term Loans, the Agent shall notify each
applicable Term Loan Lender by telecopy, or other similar form of transmission,
of the proposed Advance. Each applicable Term Loan Lender shall deposit an
amount equal to its Term Loan Percentage of such Term Loans with the Agent at
its Eurocurrency Payment office, in immediately available funds, on the
applicable funding date in respect of the applicable Term Loans, as specified in
the Borrowing Notice. Subject to the fulfillment of the conditions precedent set
forth in Sections 4.1 and 4.3 in respect of the Initial Term Loans, Section 3 of
Amendment No. 1 in respect of the 2011 Term Loans or the conditions precedent in
respect of any Incremental Term Loans, as applicable, the Agent shall make the
proceeds of such amounts received by it available to the Parent Borrower at the
Agent’s Eurocurrency Payment office on such date and shall disburse such
proceeds in accordance with the Parent Borrower’s disbursement instructions set
forth in such Borrowing Notice. The failure of any applicable Term Loan Lender
to deposit the amount described above with the Agent on such date shall not
relieve any other applicable Term Loan Lender of its obligations hereunder to
make its Term Loan on such date.”

1.6. Section 2.3(d)(i) of the Credit Agreement is hereby amended to (x) replace
each reference to “Term Loans” therein with a reference to “Initial Term Loans”
in each case and (y) delete the last paragraph thereof (which begins
“Notwithstanding the foregoing”) in its entirety.

1.7. Section 2.3(d) of the Credit Agreement is hereby amended to insert new
clauses (ii) and (iii) therein immediately following the existing clause
(i) thereof as follows:

“(ii) The 2011 Term Loans shall be repaid by the Parent Borrower in seven
(7) consecutive quarterly installments beginning on March 31, 2012 and one
(1) final installment on the Maturity Date (it being understood and agreed that
no Non-U.S. Subsidiary Borrower shall be liable to repay any 2011 Term Loans).
Each payment shall be due and payable on the last Business Day of the applicable
calendar quarter and shall be denominated in Dollars. The 2011 Term Loans shall
be permanently reduced by the amount of each installment on the date payment
thereof is made hereunder. The seven (7) consecutive quarterly installments
shall each be in an amount equal to 2.5% of the aggregate 2011 Term Loan Tranche
Commitments.

(iii) Incremental Term Loans shall be repaid on terms and conditions as are
separately agreed to by the applicable Borrower(s) and the applicable Term Loan
Lenders who have made such Incremental Term Loans to such Borrower(s).”

1.8. Section 2.4(d) of the Credit Agreement is hereby amended to (x) delete the
“(i)” immediately prior to the reference to “each mandatory prepayment” therein
and (y) insert the word “ratably” immediately following the reference to “the
then remaining installments of the Term Loans” therein.

 

5

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1.9. Section 4.1 of the Credit Agreement is hereby amended to (x) insert the
word “applicable” immediately prior to the reference to “Term Loan Lenders” in
the first line thereof and (y) insert the word “Initial” immediately prior to
the reference to “Term Loans” in the second line thereof.

1.10. Section 4.1B of the Credit Agreement is hereby restated in its entirety as
follows:

“4.1B. [Intentionally Omitted].”

1.11. Section 6.2 of the Credit Agreement is hereby amended to (x) insert the
word “Initial” immediately prior to reference to “Term Loans” in the fourth line
thereof and (y) insert “or otherwise consented to by the Required Lenders”
immediately following the reference to “and other Acquisitions permitted by
Section 6.15 hereof” appearing in the fourth and fifth lines thereof.

1.12. Section 6.15 of the Credit Agreement is hereby amended to (x) re-designate
clause (xiv) thereof as clause (xv) thereof and (y) insert new clause
(xiv) therein immediately following the existing clause (xiii) thereof as
follows:

“(xiv) The Acquisition of Robuschi S.p.A.”

1.13. Section 6.17(v) of the Credit Agreement is hereby amended to (x) delete
the phrase “,when added to the aggregate amount of all outstanding Investments
permitted by clause (x) of Section 6.15,” and (y) replace “$150,000,000” with
“$200,000,000”.

1.14. Schedule 1(c) to the Credit Agreement is hereby amended by the addition of
the Tax Restructuring set forth on Annex A hereto.

1.15. A new Schedule 1(d) is added to the Credit Agreement as set forth and
attached as Annex B hereto.

2. Consent to Acquisition of Robuschi S.p.A and Tax Restructuring.
Notwithstanding anything to the contrary in Article VI of the Credit Agreement,
the Lenders party hereto hereby consent to the Tax Restructuring and Acquisition
of Robuschi S.p.A. and waive any Defaults or Unmatured Defaults that otherwise
would result therefrom.

3. Conditions of Effectiveness. This Amendment shall become effective and be
deemed effective if, and only if the Agent shall have received each of the
following:

(a) duly executed signature pages of this Amendment from the Borrowers, the
Required Lenders and each Lender with a 2011 Term Loan Tranche Commitment;

(b) a reaffirmation from the Parent Borrower of the Parent Guaranty and from
each Subsidiary of the Parent Borrower which is a party to a Subsidiary Guaranty
in the form of Exhibit A attached hereto and made a part hereof;

(c) such instruments and documents as the Agent shall reasonably request,
including a written opinion of outside counsel to the borrower of the 2011 Term
Loans, in form and substance reasonably acceptable to the Agent; and

(d) all fees and other amounts due and payable on or prior to the Amendment
No. 1 Effective Date, including, to the extent invoiced, reimbursement or
payment of all out-of-pocket expenses (including reasonable fees, charges and
disbursements of counsel for the Administrative Agent) required to be reimbursed
or paid by the Borrowers in connection with this Amendment and under the Credit
Documents.

 

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4. Representations and Warranties of the Borrowers. The Borrowers hereby
represent and warrant as follows:

(a) This Amendment and the Credit Agreement as previously executed and as
amended hereby, constitute legal, valid and binding obligations of the Borrowers
and are enforceable against the Borrowers in accordance with their terms.

(b) Upon the effectiveness of this Amendment, each Borrower hereby reaffirms all
covenants, representations and warranties made by it in the Credit Agreement and
other Credit Documents, to the extent the same are not amended hereby, and
agrees that all such covenants, representations and warranties shall be deemed
to have been remade as of the effective date of this Amendment and the
representations and warranties contained in Article V of the Credit Agreement
are true and correct in all material respects (except to the extent such
representations or warranties specifically relate to any earlier date, in which
case such representations and warranties shall have been true and correct in all
material respects as of such earlier date).

(c) No Default or Unmatured Default has occurred and is continuing under the
Credit Agreement.

5. Reference to the Effect on the Credit Agreement.

(a) Upon the effectiveness of this Amendment, on and after the date hereof, each
reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,”
“herein” or words of like import shall mean and be a reference to the Credit
Agreement, as amended previously and as amended hereby.

(b) Except as previously modified in writing, and 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 Agent or any of 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.

6. Costs and Expenses. The Parent Borrower agrees to pay all reasonable costs,
fees and out-of-pocket expenses (including attorneys’ fees and expenses charged
to the Agent) incurred by the Agent in connection with the preparation,
arrangement, execution and enforcement of this Amendment.

7. Governing Law. This Amendment shall be governed by and construed in
accordance with the internal laws (as opposed to the conflict of law provisions)
of the State of Illinois, but giving effect to federal laws applicable to
national banks.

 

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8. 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.

9. Counterparts. This Amendment may be executed by one or more of the parties to
the Amendment on any number of separate counterparts and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument. A facsimile signature page hereto sent to the Agent or the Agent’s
counsel shall be effective as a counterpart signature and each party executing
such a facsimile counterpart shall be deemed to agree to deliver originals to
the Agent thereof.

*******

 

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

 

GARDNER DENVER, INC. By:  

/s/ Michael M. Larsen

Name:   Michael M. Larsen Title:   Vice President and Chief Financial Officer

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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GARDNER DENVER HOLDINGS GMBH & CO KG By: its General Partner, Gardner Denver
Holdings Verwaltungs GmbH By:  

/s/ Michael M. Larsen

Name:   Michael M. Larsen Title:   Managing Director

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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GD FIRST (UK) LIMITED By:  

/s/ Michael M. Larsen

Name:   Michael M. Larsen Title:   Director

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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JPMORGAN CHASE BANK, N.A., individually as a Lender, as a Lender with a 2011
Term Loan Tranche Commitment, as an LC Issuer, as the Swing Line Lender and as
the Agent By:  

/s/ Suzanne Ergastolo

Name:   Suzanne Ergastolo Title:   Vice President

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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BANK OF AMERICA, N.A., as a Lender and as a Lender with a 2011 Term Loan Tranche
Commitment By:  

/s/ Stephen Bode

Name:   Stephen Bode Title:   Senior Vice President

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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MIZUHO CORPORATE BANK, LTD, as a Lender and as a Lender with a 2011 Term Loan
Tranche Commitment By:  

/s/ David Lim

Name:   David Lim Title:   Authorized Signatory

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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U.S. BANK, NATIONAL ASSOCIATION, as a Lender and as a Lender with a 2011 Term
Loan Tranche Commitment By:  

/s/ John M. Eyerman

Name:   John M. Eyerman Title:   A.V.P.

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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UNICREDIT BANK AG, NEW YORK BRANCH (FKA BAYERISCHE HYPO-UND VEREINSBANK AG, NEW
YORK BRANCH), as a Lender By:  

/s/ Douglas Riahi

Name:   Douglas Riahi Title:   Director By:  

/s/ Pranav Surendranath

Name:   Pranav Surendranath Title:   Vice President

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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PNC BANK, NATIONAL ASSOCIATION, as a Lender and as a Lender with a 2011 Term
Loan Tranche Commitment By:  

/s/ Meredith Jermann

Name:   Meredith Jermann Title:   Vice President

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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THE BANK OF NOVA SCOTIA, HOUSTON BRANCH, as a Lender and as a Lender with a
Revolving Loan Commitment By:  

/s/ Mark Sparrow

Name:   Mark Sparrow Title:   Director

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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SCOTIABANC INC., as a Lender and as a Lender with a Term Loan Dollar Tranche
Commitment and Term Loan Euro Tranche Commitment By:  

/s/ Hardeep Thind

Name:   Hardeep Thind Title:   Director

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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THE BANK OF NOVA SCOTIA, TORONTO AGENCY, as a Lender and as a Lender with a 2011
Term Loan Tranche Commitment By:  

/s/ Paula Czach

Name:   Paula Czach Title:   Managing Director

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender and as a Lender with a 2011
Term Loan Tranche Commitment By:  

/s/ Lillian Kim

Name:   Lillian Kim Title:   Director

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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NORDEA BANK FINLAND PLC, acting through its New York and Cayman Islands
Branches, as a Lender and as a Lender with a 2011 Term Loan Tranche Commitment
By:  

/s/ Leena Parker

Name:   Leena Parker Title:   First Vice President By:  

/s/ Henrik M. Steffensen

Name:   Henrik M. Steffensen Title:   Executive Vice President

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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RBS CITIZENS, N.A., as a Lender and as a Lender with a 2011 Term Loan Tranche
Commitment By:  

/s/ Jonathan H. Sprogell

Name:   Jonathan H. Sprogell Title:   Senior Vice President

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender and as a Lender with a 2011
Term Loan Tranche Commitment By:  

/s/ Beth Rue

Name:   Beth Rue Title:   Director

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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BRANCH BANKING & TRUST COMPANY, as a Lender and as a Lender with a 2011 Term
Loan Tranche Commitment By:  

/s/ Troy R. Weaver

Name:   Troy R. Weaver Title:   Senior Vice President

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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HSBC BANK USA, NATIONAL ASSOCIATION, as a Lender and as a Lender with a 2011
Term Loan Tranche Commitment By:  

/s/ Andrew Bicker

Name:   Andrew Bicker Title:   Vice President

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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HSBC BANK PLC, as a Lender and as a Lender with a 2011 Term Loan Tranche
Commitment By:  

/s/ Marc Gorton

Name:   Marc Gorton Title:   Senior Corporate Banking Manager

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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KEYBANK NATIONAL ASSOCIATION, as a Lender and as a Lender with a 2011 Term Loan
Tranche Commitment By:  

/s/ Marcel Fournier

Name:   Marcel Fournier Title:   Vice President

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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THE NORTHERN TRUST COMPANY, as a Lender and as a Lender with a 2011 Term Loan
Tranche Commitment By:  

/s/ Peter J. Hallan

Name:   Peter J. Hallan Title:   Vice President

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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CHANG HWA COMMERCIAL BANK, LTD., as a Lender and as a Lender with a 2011 Term
Loan Tranche Commitment By:  

/s/ Eric Y.S. Tsai

Name:   Eric Y.S. Tsai Title:   VP & General Manager

 

Signature Page to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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EXHIBIT A

REAFFIRMATION

Each of the undersigned hereby acknowledges receipt of a copy of the foregoing
Amendment No. 1 dated November 21, 2011 (the “Amendment”) in connection with
that certain Credit Agreement dated as of September 19, 2008 (as the same may be
amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”) among Gardner Denver, Inc., a Delaware corporation, GD First
(UK) Limited, a limited company organized under the laws of England and Wales,
and Gardner Denver Holdings GmbH & Co. KG, a limited partnership organized under
the laws of Germany, the institutions from time to time parties to that certain
Credit Agreement as Lenders and JPMorgan Chase Bank, N.A., as a LC Issuer, as
the Swing Line Lender and as Agent for the Lenders. Capitalized terms used in
this 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 Agent or any Lender, each of the undersigned consents to the Amendment and
reaffirms the terms and conditions of the Parent Guaranty, the Subsidiary
Guaranty and any other Credit Document executed by it and acknowledges and
agrees that such agreement and each and every such Credit 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 as of November 21, 2011

[Signature pages follow]

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      GARDNER DENVER, INC.       By:  

/s/ Michael M. Larsen

      Name:   Michael M. Larsen       Title:   Vice President and Chief
Financial Officer AIR-RELIEF, INC.   GARDNER DENVER OBERDORFER PUMPS, INC. By:  

/s/ Bradley L. Wideman

    By:  

/s/ Bradley L. Wideman

Name:   Bradley L. Wideman     Name:   Bradley L. Wideman Title:   Assistant
Secretary     Title:   Assistant Secretary BEST AIRE, LLC     GARDNER DENVER
THOMAS, INC. By:  

/s/ Bradley L. Wideman

    By:  

/s/ Bradley L. Wideman

Name:   Bradley L. Wideman     Name:   Bradley L. Wideman Title:   Assistant
Secretary     Title:   Assistant Secretary       GARDNER DENVER WATER JETTING
SYSTEMS, INC.       By:  

/s/ Bradley L. Wideman

      Name:   Bradley L. Wideman       Title:   Assistant Secretary

 

Signature Page to Reaffirmation with respect to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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GARDNER DENVER HOLDINGS INC.     TCM INVESTMENTS, INC. By:  

/s/ Bradley L. Wideman

    By:  

/s/ Bradley L. Wideman

Name:   Bradley L. Wideman     Name:   Bradley L. Wideman Title:   Assistant
Secretary     Title:   Assistant Secretary GARDNER DENVER INTERNATIONAL, INC.  
  THOMAS INDUSTRIES INC. By:  

/s/ Bradley L. Wideman

    By:  

/s/ Bradley L. Wideman

Name:   Bradley L. Wideman     Name:   Bradley L. Wideman Title:   Assistant
Secretary     Title:   Assistant Secretary GARDNER DENVER NASH LLC     EMCO
WHEATON USA, INC. By:  

/s/ Bradley L. Wideman

    By:  

/s/ Bradley L. Wideman

Name:   Bradley L. Wideman     Name:   Bradley L. Wideman Title:   Assistant
Secretary     Title:   Assistant Secretary

 

Signature Page to Reaffirmation with respect to Amendment No. 1

Gardner Denver, Inc. et al

Credit Agreement dated as of September 19, 2008

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ANNEX A

SCHEDULE 1(c)

TO

CREDIT AGREEMENT

Additional Tax Restructuring

Robuschi – Tax Restructuring

 

Step    Description   

I. Pre-closing

 

1 Gardner Denver International, Inc. (“GDII”) and Thomas Industries Inc. (“TII”)
form Gardner Denver International Holdings CV (“CV1”; company name to be
confirmed). CV1 and TII form Gardner Denver International Finance CV (“CV2”;
company name to be confirmed). CV2 forms Gardner Denver Aria Holdings Ltd.
(“Ltd. 1”; company name to be confirmed) and Gardner Denver Belgium Finance BVBA
(“BVBA”; company name to be confirmed). Ltd. 1 forms GD Italy Holdings Srl (“New
Srl”; company name to be confirmed). CV2 contributes the shares of BVBA to Ltd.
1. Ltd. 1 forms Gardner Denver Italy Holdings Srl (“New Srl”; company name to be
confirmed).

 

2 Gardner Denver Industries Ltd. forms Gardner Denver Aria Investments Ltd.
(“Ltd. 2”; company name to be confirmed) and contributes approximately 1% of its
shares of Gardner Denver Srl (“Old Srl”) to Ltd. 2. Gardner Denver Industries
Ltd. sells the remaining approximately 99% of the shares of Old Srl together
with the shares of Ltd. 2 to New Srl. Old Srl will acquire the shares of
Robuschi SpA at closing.

II. Post-closing

 

1 CV2 forms a Dutch BV (“New BV”; company name to be confirmed). Gardner Denver
Industries Ltd. sells its shares of Gardner Denver Nederland BV (“Old BV”) to
New BV. CV2 sells its shares of Ltd. 1 to New BV. New BV contributes its shares
of Ltd. 1 to Old BV.

 

2 Robuschi SpA and its Italian subsidiary Gieffe Systems Srl are merged into Old
Srl.

 

3 Robuschi SpA either sells the shares of its subsidiaries or will have the
subsidiaries sell their assets to existing Gardner Denver group companies.

III. Additional Restructuring

 

1 Gardner Denver, Inc (“GDI”) contributes approximately 6% of its existing 26%
investment in GD First (UK) Ltd to TII in exchange for additional shares of TII.

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ANNEX B

SCHEDULE 1(d)

TO

CREDIT AGREEMENT

2011 Term Loan Tranche Commitments

 

Lender

   2011 Term Loan Tranche Commitment  

JPMorgan Chase Bank, N.A.

   $ 25,000,000   

Bank of America, N.A.

   $ 21,500,000   

Mizuho Corporate Bank, Ltd.

   $ 17,500,000   

U.S. Bank National Association

   $ 17,500,000   

PNC Bank, National Association

   $ 16,000,000   

The Bank of Nova Scotia, Toronto Agency

   $ 16,000,000   

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

   $ 16,000,000   

RBS Citizens, N.A.

   $ 12,000,000   

Wells Fargo Bank, National Association

   $ 12,000,000   

HSBC Bank USA, National Association

   $ 8,000,000   

Branch Banking & Trust Company

   $ 8,000,000   

Nordea Bank Finland plc

   $ 8,000,000   

KeyBank National Association

   $ 8,000,000   

The Northern Trust Company

   $ 8,000,000   

HSBC Bank plc

   $ 4,000,000   

Chang Hwa Commercial Bank, Ltd.

   $ 2,500,000      

 

 

 

Total

   $ 200,000,000