Exhibit 10

# AMENDMENT NO. 10 TO
AMENDED AND RESTATED CREDIT AGREEMENT

THIS
AMENDMENT NO. 10 TO AMENDED AND RESTATED CREDIT AGREEMENT, dated as of April 25, 2008,
amends and supplements the Amended and Restated Credit Agreement dated as of April 14,
2000, as amended to date (as so amended, the Credit Agreement), among Ladish
Co., Inc., a Wisconsin corporation (the Company), the financial institutions
party thereto (the Lenders) and U.S. Bank National Association (formerly
Firstar Bank, National Association), as agent for the Lenders (in such capacity, the
Agent).

# RECITAL

The
Company, the Lenders and the Agent desire to amend the Credit Agreement as provided below.

# AGREEMENTS

In
consideration of the promises and agreements contained in the Credit Agreement, as amended
hereby, the Company, the Lenders and the Agent agree as follows:

1.    Definitions
and References. Capitalized terms not defined herein have the           meanings
assigned in the Credit Agreement. Upon the satisfaction of the           conditions set
forth in section 3 below, all references to the Credit Agreement           contained in
the Loan Documents shall mean the Credit Agreement as amended by           this Amendment
No. 10 to Amended and Restated Credit Agreement (Amendment           No. 10).
This Amendment No. 10 is a Loan Document.

2.    Amendments
to Credit Agreement. The Credit Agreement is amended as           follows:

(a)               The
defined term Revolving Note Maturity Date in section 1 of the
          Credit Agreement is amended by deleting the date April 25, 2008          therein
and inserting April 24, 2009 in its place.

(b)          Section
6.7 is amended in its entirety to read as follows:

| | 6.7    Limitations on Acquisitions, Advances and
Investments. Acquire stock issued by a corporation, all or substantially all of the
assets of any Person, an ownership interest in any limited liability company or any
partnership or joint venture interest or make any loan, advance or extension of credit to
any Person except (a) the purchase of United States government bonds and
obligations; (b) extensions of credit to customers in the ordinary course of
business of the Company or any Subsidiary; (c) the purchase of bank certificates of
deposit issued by a bank having a long-term certificate of deposit rating of A or better
from Standard &Poors Rating Services (or an equivalent rating from another
national rating agency), (d) commercial paper with a maturity not exceeding 90 days;
(e) investments of the Company in any Subsidiary in existence on the Closing Date,
and loans and advances to wholly owned Subsidiaries of the Company and advances by any
Subsidiary to the Company or to another wholly owned Subsidiary; (f) deposits in
deposit accounts at banks; (g) investments in bank repurchase agreements; (h) loans
and advances to employees and agents in the ordinary course of business for travel and
entertainment expenses and similar items; (i) partnership and joint ventures entered
into in the ordinary course of business; (j) nonhostile acquisitions of the assets
or 100% of the stock or other ownership interest of a Person, provided that (A) no
Default or Event of Default exists at the time of such acquisition or would be created by
such acquisition, and (B) the Company provides the Agent with a proforma financial
covenant compliance certificate and supporting proforma financial statements evidencing
that the Company will comply with all financial covenants herein immediately following
the closing of such acquisition; (k) the purchase by the Company of its stock to the
extent permitted under section 6.1; and (l) advances and similar payments to foreign
Subsidiaries to the extent permitted under section 6.16.
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3.    Closing
Conditions. This Amendment No. 10 shall become effective upon its           execution
and delivery by the parties hereto and receipt by the Agent of:

(a)    Secretarys
Certificate. A certificate of the Secretary of the           Company to the effect
that there have been no amendments to the Articles of           Incorporation or By-Laws
of the Company or to the resolutions of the Board of           Directors of the Company
related to the financing under the Agreement since the           most recent date on
which copies thereof were furnished to the Agent; and

(b)    Other
Documents. Such other documents relating to the transactions           contemplated
by this Amendment No. 10 as the Agent shall reasonably request.

4.    Representations
and Warranties. The Company represents and warrants that:

(a)    Corporate
Power, Authority, Etc. The execution and delivery by the           Company of this
Amendment No. 10 and the performance by the Company under           the Credit
Agreement, as amended hereby, (i) are within its corporate power,           (ii) have
been duly authorized by all necessary corporate action on the part of           the
Company, (iii) do not violate any provision of the Articles of Incorporation           or
By-Laws of the Company, (iv) do not violate any provision of or           constitute
a default under any existing law, rule or regulation of any           governmental
authority or agency, any order or decision of any court binding           upon the
Company or the terms of any agreement, restriction or undertaking to           which the
Company is a party or by which it is bound or (v) require the approval           or
consent of the shareholders of the Company, any governmental body or           authority
or any other person or entity other than those which have been           obtained and are
in full force and effect; and

(b)    Representations
and Warranties in Loan Documents. The representation and           warranties
contained in the Loan Documents are true and correct in all material           respects
as of the date hereof and no Default or Event of Default exists as of           the date
hereof.

5.    Costs
and Expenses. The Company agrees to pay, on demand, all costs and           expenses
(including reasonable attorneys fees and disbursements) paid or           incurred
by the Agent in connection with the negotiation, execution and delivery           of this
Amendment No. 10.

6.    Governing
Law. This Amendment No. 10 shall be governed by the laws of the           State of
Wisconsin.

7.    Full
Force and Effect. The Credit Agreement, as amended by this Amendment           No.
10, remains in full force and effect.

# [Signature Page
Follows]

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IN
WITNESS WHEREOF, the undersigned have executed this Amendment No. 10 as of the date first
written above.

| | LADISH CO., INC.                                                            
| | ----------------------------------------------------------------------------
| | BY:  /s/ Wayne E. Larsen                                                    
| | Its:  Vice President Law/Finance & Secretary                                
| | U.S. BANK NATIONAL ASSOCIATION, as the Agent and a Lender                   
| | BY:  /s/ Matthew J. Schulz                                                  
| | Its:  Vice President                                                        
| | JPMORGAN CHASE BANK, N.A. (successor by merger to BANK ONE, NA), as a Lender
| | BY:  /s/ Glenn M. Margraff                                                  
| | Its:  Vice President                                                        

# [Signature Page to
Amendment No. 10]