exv4w2






Exhibit 4.2




AMENDMENT NO. 1


TO THE


AMENDED AND RESTATED RIGHTS AGREEMENT




     This Amendment No. 1 to the Amended and Restated Rights Agreement (the “First Amendment”),
effective as of October 29, 2009, is between Gardner Denver, Inc., a Delaware corporation (the
“Company”), and Wells Fargo Bank, National Association (“Wells Fargo”).



     WHEREAS, the Company and National City Bank, a national banking association (“National City
Bank”), entered into that Amended and Restated Rights Agreement, dated January 17, 2005 (the
“Rights Agreement”), under which National City Bank was named the “Rights Agent,” as that term is
defined in the Rights Agreement;



     WHEREAS, pursuant to the terms of Section 21 of the Rights Agreement, the Company has given
notice to National City Bank that effective October 29, 2009 it is being removed as Rights Agent
and Wells Fargo is being appointed as the successor Rights Agent under the Rights Agreement; and



     WHEREAS, Wells Fargo has expressed its willingness and desire to serve as the successor Rights
Agent subject to the parties entering into this First Amendment.



     NOW, THEREFORE, the Rights Agreement is amended as follows:



     1. Upon execution of this First Amendment, Wells Fargo shall become a party to the Rights
Agreement and shall be fully bound by, and subject to, all of the covenants, conditions and other
provisions of the Rights Agreement as though an original party thereto and as “Rights Agent”
thereunder.



     2. The Rights Agreement is amended to reflect the appointment of Wells Fargo as successor
Rights Agent, as follows:



          a. The title page of the Rights Agreement is amended to replace the name of the party
designated as “NATIONAL CITY BANK” with the name “WELLS FARGO BANK, NATIONAL ASSOCIATION.”



          b. The introductory paragraph of the Rights Agreement is amended to change the name of the
Rights Agent from “NATIONAL CITY BANK, a national banking association” to “WELLS FARGO BANK,
NATIONAL ASSOCIATION.”



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          c. The legend set forth in Section 3(b) of the Rights Agreement is amended to read in its
entirety as follows:




“This certificate also evidences and entitles the holder hereof to certain Rights as
set forth in the Amended and Restated Rights Agreement, between Gardner Denver, Inc.
and National City Bank, dated as of January 17, 2005 and as further amended by that
Amendment No. 1 to the Amended and Restated Rights Agreement, between Gardner
Denver, Inc. and Wells Fargo Bank, National Association, dated as of October 29,
2009, and as may be further amended and modified from time to time (the “Rights
Agreement”), the terms of which are hereby incorporated herein by reference and a
copy of which is on file at the principal offices of Gardner Denver, Inc. Under
certain circumstances, as set forth in the Rights Agreement, such Rights will be
evidenced by separate certificates and will no longer be evidenced by this
certificate. Gardner Denver, Inc. will mail to the holder of this certificate a
copy of the Rights Agreement, as in effect on the date of mailing, without charge
promptly after receipt of a written request therefor. Under certain circumstances
set forth in the Rights Agreement, Rights issued to, or held by, any Person who is,
was or becomes an Acquiring Person or any Affiliate or Associate thereof (as such
terms are defined in the Rights Agreement), whether currently held by or on behalf
of such Person or by any subsequent holder, may become null and void.”



          d. Section 26 of the Rights Agreement is amended to delete the reference to “National City
Bank” and its mailing address, and replace it with the following:




“Wells Fargo Bank, National Association

Shareowner Services

161 North Concord Exchange

South St. Paul, MN 55075”



     3. On the form of Rights Certificate, attached as Exhibit B to the Rights Agreement, (a)
references to the “Rights Agreement” shall mean and refer to the Rights Agreement, as amended by
this First Amendment, (b) references to the “Rights Agent” shall mean and refer to “Wells Fargo
Bank, National Association,” and (c) reference to “National City Bank” in the signature block shall
be replaced with “Wells Fargo Bank, National Association.”



     4. The execution and delivery of this First Amendment has been duly and validly authorized and
approved by each of the parties hereto, and no other proceedings (corporate or otherwise) on the
part of the parties hereto are necessary to authorize this First Amendment. This First Amendment
has been duly and validly executed and delivered by each of the parties hereto and constitutes a
valid and binding agreement of such parties, enforceable against each of them in accordance with
its terms.



     5. Except as expressly amended by this First Amendment, the Rights Agreement shall remain in
full force and effect and shall be otherwise unaffected hereby.



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     6. Upon execution of this First Amendment, each reference in the Rights Agreement to “this
Agreement,” “this Rights Agreement,” “hereby,” “hereunder,” “herein,” “hereof,” or words of like
import referring to the Rights Agreement shall mean and refer to the Rights Agreement, as amended
by this First Amendment. In addition, any and all notices, requests, certificates and other
instruments executed and delivered after the date hereof may refer to the Rights Agreement without
making specific reference to this First Amendment; but nevertheless all references to the Rights
Agreement shall be a reference to such document as amended hereby. If this First Amendment is
inconsistent with (or affects the interpretations of) unamended portions of the Rights Agreement,
the provisions of (or interpretations suggested by) this First Amendment shall control.



     7. This First Amendment is deemed to be a contract made under the laws of the State of
Delaware and for all purposes is governed by and construed in accordance with the laws of such
State applicable to contracts to be made and performed entirely within such State.



     8. This First Amendment may be executed in any number of counterparts, each executed
counterpart constituting an original, but all together only one agreement.



[signature page to follow]




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     IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 1 to the Amended and
Restated Rights Agreement, as of the effective date first above written.



	 	 	 	 	 	 	 
	Attest:	 	Gardner Denver, Inc.
	 
	 	 	 	 	 	 
	By:

	 	/s/ Diana C. Toman
	 	By:
	 	/s/ Brent A. Walters
	 

	 	 
	 	 	 	 
	Name:

	 	Diana C. Toman
	 	Name:
	 	Brent A. Walters
	 

	 	 
	 	 	 	 
	Title:

	 	Corporate Secretary & Sr. Counsel
	 	Title:
	 	VP, General Counsel & CCO
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Attest:	 	Wells Fargo Bank, National Association
	 
	 	 	 	 	 	 
	By:

	 	/s/ Susan J. Roeder
	 	By:
	 	/s/ Tracie L. Balack
	 

	 	 
	 	 	 	 
	Name:

	 	Susan J. Roeder
	 	Name:
	 	Tracie L. Balack
	 

	 	 
	 	 	 	 
	Title:

	 	Assistant Secretary
	 	Title:
	 	Assistant Vice President & Account Manager
	 

	 	 
	 	 	 	 






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