Exhibit 10.1

 

[EXECUTION COUNTERPART]

 

AMENDMENT NO. 7

 

AMENDMENT NO. 7 (this “Amendment No. 7”) dated as of April 2, 2003 to the Credit
Agreement referred to below, between CHART INDUSTRIES, INC., a Delaware
corporation (the “Borrower”); each of the Subsidiaries of the Borrower
identified under the caption “SUBSIDIARY GUARANTORS” on the signature pages
hereto (individually, a “Subsidiary Guarantor” and, collectively, the
“Subsidiary Guarantors” and, together with the Borrower and the Subsidiary
Borrower (as defined below), the “Obligors”); and JPMORGAN CHASE BANK, as
administrative agent for the Lenders (in such capacity, together with its
successors in such capacity, the “Administrative Agent”).

 

The Borrower, Chart Heat Exchangers Limited (“CHEL”) (formerly known as Chart
Marston Limited) as the Subsidiary Borrower (the “Subsidiary Borrower”), the
Subsidiary Guarantors, each of the lenders that is a signatory thereto and the
Administrative Agent are parties to a Credit Agreement dated as of April 12,
1999 (as heretofore modified and supplemented and in effect immediately prior to
the effectiveness of this Amendment No. 7, the “Credit Agreement”), providing,
subject to the terms and conditions thereof, for loans and other extensions of
credit to be made by said lenders to the Borrower in an aggregate principal or
face amount as specified therein. The Borrower, the Subsidiary Guarantors, the
Lenders and the Administrative Agent wish to amend the Credit Agreement in
certain respects, and accordingly, the parties hereto hereby agree as follows:

 

Section 1.  Definitions.  Except as otherwise defined in this Amendment No. 7,
terms defined in the Credit Agreement are used herein as defined therein.

 

Section 2.  Amendments.  Subject to the satisfaction of the conditions precedent
specified in Section 5, but effective as of the date hereof, the Credit
Agreement shall be amended as follows:

 

2.01.  References in the Credit Agreement (including references to the Credit
Agreement as amended hereby) to “this Agreement” (and indirect references such
as “hereunder”, “hereby”, “herein” and “hereof”) shall be deemed to be
references to the Credit Agreement as amended hereby.

 

2.02   Effective as of the Amendment No. 7 Effective Date (as defined in Section
5 hereof), notwithstanding anything herein or in the Credit Agreement as amended
hereby to the contrary, (a) no Lender shall have any further obligation to make
any Foreign Currency Credits available to or for the account of CHEL, provided
that nothing herein shall affect the liability of CHEL (or any other Obligor)
with respect to any Foreign Currency Credits outstanding as of the Amendment No.
7 Effective Date, (b) the Borrower shall not have the right to designate any
Subsidiary as a Subsidiary Borrower for purposes of the Credit Agreement as
amended hereby, without the prior written consent of the Administrative Agent
and the Lenders and (c) neither the Borrower nor any of its Subsidiaries (other
than CHEL) shall make any Investment in, or otherwise make available or transfer
funds to CHEL for any purposes (except an amount equal to

 

Amendment No. 7

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$200,000 to be used solely to pay or prepay cash Restructuring Charges in
respect of the UK Insolvency Proceeding), without the prior written consent of
the Administrative Agent and the Lenders.

 

2.03.  Section 1.01 of the Credit Agreement is hereby amended by adding the
following new definitions (to the extent not already included in said Section
1.01) and inserting the same in the appropriate alphabetical locations and by
amending in their entirety the following definitions (to the extent already
included in said Section 1.01), as follows:

 

“Approved Dispositions” means the Dispositions permitted under clauses (vi),
(vii) and (viii) of Section 7.03(b).

 

“CHEL” means Chart Heat Exchangers Limited (formerly known as Chart Marston
Limited).

 

“Deferral Date” means April 30, 2003, provided that, if the Borrower has
executed a term sheet with the Administrative Agent and the Lenders in
connection with its restructuring of the obligations to the Lenders in substance
that is satisfactory to the Administrative Agent and the Lenders in their sole
and absolute discretion prior to April 30, 2003, the Deferral Date shall be June
30, 2003.

 

“IRBs” means the bonds issued in connection with any of the following: (i) Loan
Agreement, dated May 1, 1996, between the City of Burnsville, Minnesota and MVE,
Inc.; and (ii) Loan Agreement, dated July 1, 1996, among GE Capital Public
Finance, Inc., the City of LaCrosse, Wisconsin and Altec International Limited
Partnership.

 

“UK Insolvency Proceeding” means the proceeding captioned “In the Matter of
Chart Heat Exchangers Limited and In the Matter of the Insolvency Act 1986” in
the High Court of Justice of the Birmingham District Registry (Chancery
Division, Companies Court) resulting from the filing by CHEL of a petition
requesting that such court grant an “Administration Order” solely in relation to
CHEL.

 

“Waiver Maturity Date” means April 30, 2003, provided that, if the Borrower has
executed a term sheet with the Administrative Agent and the Lenders in
connection with its restructuring of the obligations to the Lenders in substance
that is satisfactory to the Administrative Agent and the Lenders in their sole
and absolute discretion prior to April 30, 2003, the Waiver Maturity Date shall
be June 30, 2003.

 

2.04.  Section 2.08(g) of the Credit Agreement is hereby amended by deleting the
reference therein to “March 31, 2003” and replacing it with “the Deferral Date”.

 

2.05.   The last paragraph of Section 2.09(b) of the Credit Agreement is hereby
amended in its entirety to read as follows:

 

“In addition, anything in this Agreement to the contrary notwithstanding,
concurrently with any payment of Term Loans on June 30, 2003, or any payment of

 

Amendment No. 7

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Revolving Credit Loans or Incremental Revolving Credit Loans as a result of a
reduction of Revolving Credit Commitments or Incremental Revolving Credit
Commitments on June 30, 2003, the Borrower shall deliver a certificate signed by
the President, a Vice President or a Financial Officer to the effect that on the
date of such payments, and after giving effect thereto, no Default has occurred
and is continuing (it being understood that the determination of whether or not
a breach has occurred in respect of the financial covenants set forth in Section
7.09 shall be based upon the Borrower’s good faith estimate of the financial
results for the relevant fiscal periods ending on said June 30, 2003, which good
faith estimate together with related computations of such covenants shall be set
forth in such certificate), provided that in the event the Borrower is unable
(or fails) to deliver such certificate concurrently with such payments, then, in
lieu of the Administrative Agent’s remitting to each Lender the appropriate
share of such payments, the Administrative Agent shall deposit the aggregate
amount so received from the Borrower on such date into the Collateral Account
(which amount shall be subject to application as provided in the Security
Agreement).”

 

2.06. Section 2.10(b)(v) of the Credit Agreement is hereby amended by inserting
a new paragraph at the end thereof to read as follows:

 

“Notwithstanding the foregoing, the Net Available Proceeds from any Approved
Disposition shall be applied as follows:

 

(I)   first, an aggregate amount equal to $1,400,000 shall be used solely to pay
interest under the Credit Agreement and any Hedging Agreement, such payments to
be effected in the manner and to the extent specified in the respective
agreements;

 

(II)   second, an aggregate amount equal to $100,000 shall be used solely to pay
interest on the IRBs;

 

(III)   third, an aggregate amount equal to $500,000 shall be used solely to pay
or prepay (A) principal on the IRBs and (B) principal on Indebtedness of the
Borrower, other than the Borrower’s Indebtedness under the Credit Agreement;

 

(IV)   fourth, an aggregate amount equal to $250,000 shall be used solely to pay
cash Restructuring Charges in respect of the closure of (A) the Borrower’s
facility located in Plaistow, New Hampshire and (B) the Borrower’s leased
facility located in Columbus, Ohio;

 

(V)   fifth, an aggregate amount equal to $546,000 shall be used solely to
reimburse previous payments of cash Restructuring Charges in respect of the
closure of the Borrower’s engineering and manufacturing facility located in
Wolverhampton, England; and

 

(VI)   sixth, an aggregate amount equal to $200,000 shall be used solely to pay
or prepay cash Restructuring Charges in respect of the UK Insolvency Proceeding;
and

 

Amendment No. 7

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(VII)   seventh, the remainder, if any, thereof shall be used solely for general
corporate purposes of the Borrower.

 

Notwithstanding anything herein to the contrary, prior to the expenditure of any
sum under clause (VII) above, the sum of $1,004,000 from the Net Available
Proceeds of the Approved Dispositions shall be delivered to and held in an
account at the Administrative Agent in the name of the Administrative Agent for
potential use in respect of Restructuring Charges incurred in connection with
the Borrower’s Wolverhampton facility subject to the further consent of the
Administrative Agent and the Lenders in their sole and absolute discretion.

 

2.07.   Section 7.03(b) of the Credit Agreement is hereby amended by (i)
deleting the “and” after clause (v) thereof, (ii) renumbering clause “(vi)”
thereof as clause “(viii)” and (iii) adding new clauses (vi), (vii) and (viii)
to read in their entirety as follows:

 

“(vi) the Disposition of certain assets (consisting primarily of inventory) of
the Borrower’s cryogenic valve product line located in Columbus Ohio, provided
that (A) the Net Available Proceeds of such Disposition to be received in cash
by the Borrower on the date of the consummation of such Disposition shall be at
least $700,000; and (B) the Net Available Proceeds from such Disposition shall
be applied in accordance with Section 2.10(b)(v);

 

(vii) the Disposition of certain assets (consisting primarily of inventory) of
the Borrower’s cryopump product line located in Columbus, Ohio, provided that
(A) the Net Available Proceeds of such Disposition to be received in cash by the
Borrower on the date of the consummation of such Disposition shall be at least
$700,000; and (B) the Net Available Proceeds from such Disposition shall be
applied in accordance with Section 2.10(b)(v);

 

(viii) the Disposition of the assets of the Borrower’s cryogenic tank repair
facility located in Houston, Texas, provided that (A) the Net Available Proceeds
of such Disposition to be received in cash by the Borrower on the date of the
consummation of such Disposition shall be at least $2,600,000; (B) the other
terms of the purchase or similar agreement(s) providing for such Disposition
shall be reasonably satisfactory to the Administrative Agent; (C) not less than
2 Business Days prior to the consummation of such Disposition, the Borrower will
deliver to the Administrative Agent a statement, certified by a Financial
Officer of the Borrower, in form and substance reasonably satisfactory to the
Administrative Agent, of the Net Available Proceeds of such Disposition
anticipated to be received by the Borrower on such date of consummation; and (D)
the Net Available Proceeds from such Disposition shall be applied in accordance
with Section 2.10(b)(v); and”

 

2.08.  Section 7.03(b) of the Credit Agreement is hereby further amended by
adding a new paragraph at the end thereof to read as follows:

 

“Without limiting the foregoing, with respect to each Approved Disposition, the
Borrower and/or any of its Subsidiaries, as applicable, shall assign to the
Administrative

 

Amendment No. 7

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Agent as collateral security pursuant to the Security Agreement all of its (or
their, as applicable) respective rights in and under the purchase or similar
agreement(s) providing for such Approved Disposition (including any and all
payments to be made by the purchaser at any time in respect of such Approved
Disposition), and any promissory notes and other obligations or Investments
issued or payable by such purchaser thereunder, and shall pledge and deliver to
the Administrative Agent pursuant to the Security Agreement (which, on or prior
to the consummation of such Approved Disposition, shall be amended on terms
satisfactory to, and as reasonably requested by, the Administrative Agent to
effect such assignment and pledge) any and all notes, certificates or
instruments evidencing or providing for the same”.

 

2.09.  Section 7.04 of the Credit Agreement is hereby amended by (i) deleting
the period after clause (j) and replacing it with “; and” and (ii) adding a new
clause (k) to read in its entirety as follows:

 

“(k)  Investments acquired in respect of the Approved Dispositions.”

 

2.10.  Section 8 of the Credit Agreement is hereby amended by (i) deleting “or”
after clause (o), (ii) inserting “or” after clause (p) and (iii) adding a new
clause (q) to read in its entirety as follows:

 

“(q)  the court in the UK Insolvency Proceeding shall issue any order, or the
Borrower or any Subsidiary shall request such court issue any order, that in the
sole and absolute judgment of the Administrative Agent and the Lenders adversely
impacts the rights, powers, privileges and remedies of the Administrative Agent
and the Lenders under or in respect of the Credit Agreement and the other Credit
Documents, at law, in equity or otherwise in connection with the obligations
owing by the Obligors to the Administrative Agent and the Lenders and such
determination by the Administrative Agent and the Lenders shall continue
unchanged for a period of five Business Days after notice thereof from the
Administrative Agent to the Borrower.”

 

Section 3.  Waiver.  Subject to the limitations set forth in Section 6 of this
Amendment No. 7, but with effect on and after the date hereof, each Obligor
(other than CHEL), each Lender and the Administrative Agent hereby agree that
any Default or Event of Default that has occurred and is continuing on the date
hereof or may hereafter arise solely as a result of the following is hereby
waived: (i) the Borrower’s failure to comply with the requirements of Section
2.09(a)(ii), 2.09(a)(iii) or 7.09 of the Credit Agreement and (ii) the breach of
Sections 8(i) and (j) of the Credit Agreement solely as a result of the
initiation and pendency of the UK Insolvency Proceeding (other than under
Section 8(q) of the Credit Agreement as amended hereby), provided that this
Section 3 shall terminate and be of no further force or effect on or after 5:00
p.m., New York City time, on the Waiver Maturity Date. Upon the Waiver Maturity
Date, the Administrative Agent and the Lenders shall be entitled to exercise all
of its or their rights, powers, privileges and remedies under or in respect of
the Credit Agreement and the other Credit Documents, at law, in equity or
otherwise in connection with the obligations owing by the Obligors thereunder,
and all collateral security and/or guarantees therefor, all of which are
expressly reserved hereunder.

 

Amendment No. 7

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Section 4.  Representations and Warranties.  The Borrower represents and
warrants to the Lenders (other than with respect to defaults under (i) Section
8(d) of the Credit Agreement due to the Borrower’s failure to comply with
certain of the financial covenants set forth in Section 7.09 of the Credit
Agreement as of December 31, 2002 and the Borrower’s anticipated failure to
comply with such financial covenants as of March 31, 2003 and (ii) Sections 8(i)
and (j) of the Credit Agreement solely with respect to the initiation of the UK
Insolvency Proceeding) that (a) the representations and warranties set forth in
Article IV of the Credit Agreement are true and complete on the date hereof as
if made on and as of the date hereof and as if each reference in said Article IV
to “this Agreement” included reference to this Amendment No. 7 and (b) after
giving effect to the waivers set forth in Section 3 of this Amendment No. 7, no
Default shall have occurred and be continuing.

 

Section 5.  Conditions Precedent.  The amendments set forth in Section 2 of this
Amendment No. 7 and the waivers set forth in Section 3 of this Amendment No. 7
shall become effective, on the date (the “Amendment No. 7 Effective Date”), on
which the Administrative Agent shall have received one or more counterparts of
this Amendment No. 7 executed by each of the Obligors (other than CHEL) and the
Administrative Agent (with the written consent of each Lender provided in the
form of the Lender Consent attached as Annex 1 to this Amendment No. 7).

 

Section 6.  Limited Waiver; Reservation of Rights.  Except as herein provided,
the Credit Agreement shall remain unchanged and in full force and effect;
provided that except as expressly provided in Section 3 of this Amendment No. 7,
nothing herein shall constitute a waiver of, or any agreement to provide a
waiver of, any existing or future Default or Event of Default. Notwithstanding
anything contained herein to the contrary; provided that except as expressly
provided in Section 3 of this Amendment No. 7, the Administrative Agent and the
Lenders reserve all of its or their rights, powers, privileges and remedies
under or in respect of the Credit Agreement and the other Credit Documents, at
law, in equity or otherwise in connection with the obligations owing by the
Obligors thereunder, and all collateral security and/or guarantees therefor, all
of which are expressly reserved. This Amendment No. 7 shall not be deemed or
otherwise construed to be a commitment or any other undertaking or expression of
any willingness to engage in any further discussion with the Borrower or any
other person, firm or corporation with respect to any waiver, amendment,
modification or any other change to the Credit Agreement or the other Credit
Documents or any rights or remedies arising in favor of the Lenders or the
Administrative Agent, or any of them, under or with respect to any such
documents; or to be a waiver of, or consent to or a modification or amendment
of, any other term or condition of any other agreement by and among the
Borrower, on the one hand, and the Administrative Agent or any other Lender, on
the other hand. Neither the requirements of good faith and fair dealing nor any
other theory, concept or argument shall require any Lender to impart upon the
Borrower any further or greater benefits; to suffer any prejudice or impairment
of any kind whatsoever; or to tolerate any noncompliance with this Amendment No.
7 and the Credit Documents, because each Lender has bargained for and given
valuable consideration for this Amendment No. 7 and the Credit Documents and its
creation of express, explicit and objective limits of what benefits each Lender
is willing to provide to the Borrower, and what, in return, the Borrower is
required to provide to each Lender. This Amendment No. 7 and the

 

Amendment No. 7

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Credit Documents provide a clear statement of each Lender’s requirements and
obligations and creates an agreed upon standard of performance upon which each
Lender is entitled to rely in exercising and enforcing its respective remedies
under the Credit Agreement and the other Credit Documents.

 

Section 7.  Ratification of Obligations, Etc.  By its execution of this
Amendment No. 7, each of the Obligors (other than CHEL) (a) ratifies and
reaffirms in all respects its obligations under the Credit Agreement and the
other Credit Documents to which it is a party, and confirms that each such
agreement to which it is a party is valid and enforceable against such Obligor
and (b) agrees that there are no oral agreements or understandings among such
Obligor and the Administrative Agent or any Lender relating to this Amendment
No. 7, the Credit Agreement or any other Credit Document.

 

Section 8.  Acknowledgment and Release.  (a) Each of the Obligors (other than
CHEL) acknowledges that neither the Administrative Agent nor any Lender has at
any time directed or participated in any aspect of the management of the
Obligors or any of their respective Affiliates or the conduct of the businesses
of the Obligors, or any of their respective Affiliates, and the Obligors, and
any of their respective Affiliates, have made all of their respective business
decisions independently of the Administrative Agent or any Lender.
Notwithstanding any other provision of this Amendment No. 7 or the Credit
Agreement, or any other contract or instrument between the Obligors, or any of
their respective Affiliates, on the one hand, and the Administrative Agent and
the Lenders, or any of them, on the other hand: (i) the relationship between the
Administrative Agent or any Lender, on the one hand, and each of the Obligors,
or any of their respective Affiliates, on the other hand, shall be limited to
the relationship of a lender to a borrower in a commercial loan transaction;
(ii) neither the Administrative Agent nor any Lender is or shall be construed as
a partner, joint venturer, alter-ego, manager, controlling person or other
business associate or participant of any kind of the Obligors, or any of their
respective Affiliates (or any other Person), and neither the Administrative
Agent nor any Lender intends to assume any such status at any time; and (iii)
neither the Administrative Agent nor any Lender shall be deemed responsible for
(or a participant in) any acts, omissions or decisions of the Obligors, or any
of their respective Affiliates, or any other Lender or, in the case of Lenders,
the Administrative Agent.

 

(b)  Each of the Obligors (other than CHEL) further acknowledge and agree that
they have no claims, demands, damages, suits, cross complaints, counterclaims,
conditions, causes of action, debts, offsets, disgorgements or assertions of any
kind or nature whatsoever, whether known or unknown, and whenever or however
arising that can be asserted to reduce or eliminate all or any part of their
respective liability to repay all amounts owed under the Credit Documents, or to
seek any affirmative relief or damages of any kind or nature from the
Administrative Agent or Lenders, or any of them, that arises out of or relates
to any Prior Event (the “Claims”), and to the extent any such Claims exist, they
are fully and forever released as provided in paragraph (c) below. As used
herein the term “Prior Event” means any transaction, event, circumstances,
action, failure to act or occurrence of any sort or type, whether known or
unknown, which occurred, existed, was taken, permitted or begun prior to the
execution of this Amendment No. 7 or occurred, existed, was taken, permitted or
begun in accordance with, pursuant to or by virtue of any terms of this
Amendment No. 7, the Credit Agreement, the other

 

Amendment No. 7

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Credit Documents, the transactions referred to herein and/or therein, or oral or
written agreement relating to any of the foregoing, including without limitation
any approval or acceptance given or denied.

 

(c)  Each of the Obligors (other than CHEL), on behalf of itself, and any Person
claiming by, through, or under any of the Obligors, (each a “Releasing Party”
and collectively the “Releasing Parties”) hereby releases, remises, waives and
forever discharges the Administrative Agent, the Lenders, and any or all of the
Administrative Agents’ or Lenders’ subsidiaries, Affiliates, directors,
officers, employees, agents, attorneys, financial advisors, representatives,
successors and assigns, from any and all Claims. This Section 8 shall survive
the termination of this Amendment No. 7 or any Credit Document. Each Releasing
Party has been advised by counsel with respect to the release contained in this
Section 8. Each Releasing Party hereby affirms its intent to waive unknown
claims and to waive any statutory protection available in any applicable
jurisdiction with respect thereto.

 

Section 9.  Miscellaneous.  The Borrower shall pay all reasonable expenses
incurred by the Administrative Agent (including the reasonable fees, charges and
disbursements of Milbank, Tweed, Hadley & McCloy LLP, special New York counsel
to JPMorgan Chase Bank) in connection with the preparation, negotiation,
execution and delivery of this Amendment No. 7. Except as herein provided, the
Credit Agreement shall remain unchanged and in full force and effect. This
Amendment No. 7 may be executed in any number of counterparts, all of which
taken together shall constitute one and the same amendatory instrument and any
of the parties hereto may execute this Amendment No. 7 by signing any such
counterpart. This Amendment No. 7 shall be governed by, and construed in
accordance with, the law of the State of New York.

 

Amendment No. 7

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 7 to be
duly executed by their respective authorized officers as of the day and year
first above written.

 

CHART INDUSTRIES, INC.

 

By

 

    /s/ Michael F. Biehl

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

   

Name: Michael F. Biehl

   

Title: Chief Financial Officer and Treasurer

 

 

Amendment No. 7

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SUBSIDIARY GUARANTORS

 

CHART HEAT EXCHANGERS LIMITED     PARTNERSHIP

     

By:

 

CHART MANAGEMENT COMPANY, INC.,

   

as its sole general partner

     

By

 

  /s/ Michael F. Biehl

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

   

Name: Michael F. Biehl

   

Title: Chief Financial Officer and Treasurer

           

CHART INDUSTRIES FOREIGN SALES     CORPORATION

     

By

 

  /s/ Michael F. Biehl

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

   

Name: Michael F. Biehl

   

Title: Chief Financial Officer and Treasurer

           

CHART INTERNATIONAL INC.

     

By

 

  /s/ Michael F. Biehl

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

   

Name: Michael F. Biehl

   

Title: Chief Financial Officer and Treasurer

           

CHART MANAGEMENT COMPANY, INC.

     

By

 

  /s/ Michael F. Biehl

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

   

Name: Michael F. Biehl

   

Title: Chief Financial Officer and Treasurer

 

Amendment No. 7

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CHART LEASING, INC.

 

By

 

  /s/ Michael F. Biehl

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

   

Name: Michael F. Biehl

   

Title: Chief Financial Officer and Treasurer

           

CHART, INC.

 

By

 

  /s/ Michael F. Biehl

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

   

Name: Michael F. Biehl

   

Title: Chief Financial Officer and Treasurer

           

CHART INTERNATIONAL HOLDINGS, INC.

 

By

 

  /s/ Michael F. Biehl

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

   

Name: Michael F. Biehl

   

Title: Chief Financial Officer and Treasurer

           

CHART ASIA, INC.

 

By

 

  /s/ Michael F. Biehl

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

   

Name: Michael F. Biehl

   

Title: Chief Financial Officer and Treasurer

           

CAIRE INC.

 

By

 

  /s/ Michael F. Biehl

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

   

Name: Michael F. Biehl

   

Title: Chief Financial Officer and Treasurer

 

Amendment No. 7

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COOLTEL, INC.

 

By

 

  /s/ Michael F. Biehl

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Name: Michael F. Biehl

   

Title: Chief Financial Officer and Treasurer

           

NEXGEN FUELING, INC.

 

By

 

  /s/ Michael F. Biehl

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

   

Name: Michael F. Biehl

   

Title: Chief Financial Officer and Treasurer

           

GREENVILLE TUBE, LLC

 

By

 

  /s/ Charles E. Downs

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Name: Charles E. Downs

   

Title: President

 

Amendment No. 7

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-13-

 

 

JPMORGAN CHASE BANK,

    Individually and as Administrative Agent

     

By

 

  /s/ Roger Odell

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

   

Name: Roger Odell

   

Title: Managing Director

 

 

Amendment No. 7

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ANNEX 1

 

[Form of Lender Consent]

 

LENDER CONSENT

 

Reference is made to Amendment No. 7 dated as of April 2, 2003 to the Credit
Agreement dated as of April 12, 1999, between Chart Industries, Inc., each
Subsidiary Guarantor party thereto, each Lender party thereto and JPMorgan Chase
Bank, as Administrative Agent (the “Administrative Agent”).

 

The undersigned Lender party to the Credit Agreement hereby (i) consents to
Amendment No. 7 to the Credit Agreement, dated as of April 2, 2003,
substantially in the form to which the form of this Lender Consent is attached
(“Amendment No. 7”) and (ii) authorizes and directs the Administrative Agent to
execute and deliver Amendment No. 7 on behalf of such Lender.

 

This Lender Consent shall be construed in accordance with and governed by the
law of the State of New York.

 

IN WITNESS WHEREOF, the undersigned has caused this Lender Consent to be duly
executed and delivered by its proper and duly authorized officer as of the date
of Amendment No. 7.

 

NAME OF LENDER:

 

 

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By:

     

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Name:

Title:

 

Amendment No.7