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AMENDMENT NUMBER ONE
TO
AMENDED AND RESTATED CREDIT AGREEMENT

    THIS AMENDMENT NUMBER ONE TO AMENDED AND RESTATED CREDIT AGREEMENT (this
"Amendment") is made as of February 28, 2001, by and among BANK OF AMERICA,
N.A., a national banking association, U.S. BANK NATIONAL ASSOCIATION, a national
banking association, KEYBANK NATIONAL ASSOCIATION, a national banking
association (the "Lenders"), BANK OF AMERICA, N.A., as agent for the Lenders
(the "Agent"); and FLOW INTERNATIONAL CORPORATION, a Washington corporation
("Borrower").

RECITALS

    A. Lenders, Agent and Borrower are parties to that certain Amended and
Restated Credit Agreement dated as of December 29, 2001 (the "Credit
Agreement").

    B. Borrower has requested that Lenders and Agent amend a certain financial
covenant under the Credit Agreement for the fiscal quarter ending January 31,
2001, pursuant to the terms and subject to the conditions set forth herein.

    NOW, THEREFORE, the parties hereto agree as follows:

AGREEMENT

    1.  Definitions. Capitalized terms not otherwise defined in this Amendment
shall have the meaning set forth in the Credit Agreement.

    2.  Amendment to Section 6.17(c). Section 6.17(c) is hereby deleted and
replaced with the following:

    (c) 3.90 to 1 as at the fiscal quarter ending January 31, 2001;

    3.  Conditions to Effectiveness. This Amendment shall become effective when
Borrower, Agent and each Lender have executed and delivered counterparts hereof
to Agent.

    4.  Representations and Warranties. Borrower hereby represents and warrants
to the Lenders and Agent that each of the representations and warranties set
forth in Article 5 of the Credit Agreement is true and correct in each case as
if made on and as of the date of this Amendment and Borrower expressly agrees
that it shall be an additional Event of Default under the Credit Agreement if
any representation or warranty made hereunder shall prove to have been incorrect
in any material respect when made.

    5.  No Further Amendment. Except as expressly modified by the terms of this
Amendment, all of the terms and conditions of the Credit Agreement and the other
Loan Documents shall remain in full force and effect and the parties hereto
expressly reaffirm and ratify their respective obligations thereunder.

    6.  Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of Washington.

    7.  Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original, and all of which taken
together shall constitute one and the same agreement.

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    8.  Oral Agreements Not Enforceable.

ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO FORBEAR
FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER WASHINGTON LAW.

    IN WITNESS WHEREOF, the parties hereto have executed this Amendment Number
One to Amended and Restated Credit Agreement as of the date first above written.

BORROWER:   FLOW INTERNATIONAL CORPORATION
 
 
 
 
      By:            

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Name Stephen D. Reichenbach
Title:  Chief Financial Officer
 
 
 
 
  LENDERS:   BANK OF AMERICA, N.A.
 
 
 
 
      By:            

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Name: William P. Stivers
Title:  Senior Vice President
 
 
 
 
      U.S. BANK NATIONAL ASSOCIATION
 
 
 
 
      By:            

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Name: Allan Forney
Title:   Vice President
 
 
 
 
      KEYBANK NATIONAL ASSOCIATION
 
 
 
 
      By            

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Name: Jason R. Gill
Title:  Vice President
 
 
 
 
  AGENT:   BANK OF AMERICA, N.A.
 
 
 
 
      By:            

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Name: Ken Puro
Title:  Vice President

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QuickLinks

AMENDMENT NUMBER ONE TO AMENDED AND RESTATED CREDIT AGREEMENT
RECITALS
AGREEMENT