Exhibit 10 (k) (x)


CONFORMED EXECUTION VERSION


FIRST AMENDMENT dated as of January
31, 2012 (this “Amendment”) to the FIVE-YEAR REVOLVING CREDIT FACILITY AGREEMENT dated as of July 16, 2010
(as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among ALBANY
INTERNATIONAL CORP., a Delaware corporation (the “Company”); the BORROWING SUBSIDIARIES from time to time party
thereto; the LENDERS from time to time party thereto; JPMORGAN CHASE BANK, N.A., as Administrative Agent for the Lenders (in such
capacity, the “Administrative Agent”); JPMORGAN CHASE BANK, N.A., Toronto Branch, as Canadian Agent for the
Lenders; and J.P. MORGAN EUROPE LIMITED, as London Agent for the Lenders.


The Company has requested that the Lenders
agree to amend the Credit Agreement in the manner provided herein, and the Lenders whose signatures appear below, constituting
the Required Lenders (such term and each other capitalized term used and not otherwise defined herein having the meaning assigned
to it in the Credit Agreement), are willing to so amend the Credit Agreement.


Accordingly, in consideration of the
agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged,
the parties hereto agree as follows:


SECTION
1. Amendments to the Credit Agreement. Effective as of the Amendment Effective Date (as defined below), the Credit Agreement
is hereby amended as follows:


(a) Consolidated
EBITDA. The definition of Consolidated EBITDA in Section 1.01 of the Credit Agreement is hereby amended by the insertion
therein of a new clause (g) as follows:


“Consolidated EBITDA”
means, for any period, Consolidated Net Income for such period, plus, without duplication and to the extent deducted from
revenues in determining Consolidated Net Income, the sum of (a) Consolidated Interest Expense for such period, (b) income
tax expense for such period, (c) depreciation and amortization for such period, (d) all non-cash charges (including
any non-cash expenses relating to stock option exercises or other non-cash, stock-based compensation such as restricted stock
units) during such period (provided that any cash payment made with respect to any such non-cash charge shall be subtracted
in computing Consolidated EBITDA for the period in which such cash payment is made), (e) all charges related to the early retirement
of Indebtedness during such period, (f) cash restructuring charges not in excess of US$25,000,000 in any period of four fiscal
quarters or US$75,000,000 in the aggregate during the term of this Agreement and (g) in any fiscal quarter ending



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on or before December 31, 2014, the amount of any pension
settlement or curtailment expense (including, without limitation, (x) any such expenses, incurred in prior periods, the recognition
of which has been deferred in accordance with GAAP, and (y) any such expenses in the form of premium payment or other obligation
or amount paid or payable to third parties as consideration for the assumption or defeasance of such obligations) required
or permitted to be recognized as the result of the permanent settlement or defeasance of any pension obligation of the
Company or any Subsidiary, provided that the aggregate amount to be added back with respect to all such periods pursuant
to this clause (g) after January 1, 2012, shall not exceed $140,000,000, and minus, without duplication, (x) all non-cash
gains and income for such period, and (y) any gains related to the early retirement of Indebtedness for such period, all determined
on a consolidated basis for the Company and its Subsidiaries in accordance with GAAP. Notwithstanding the foregoing, (i) Consolidated
EBITDA for the fiscal quarters of the Company ended December 31, 2009, and March 31, 2010, will be deemed for all purposes of
this Agreement to be US$45,836,000 and US$33,501,000, respectively, and (ii) Consolidated EBITDA for the fiscal quarter of the
Company ended June 30, 2010, will be deemed for all purposes of this Agreement to equal “Consolidated EBITDA” for
such fiscal quarter as defined in the Existing Credit Agreement and determined in a manner consistent with that used in arriving
at the amounts set forth in clause (i) of this sentence.


(b) Certain
Conforming Amendments. The following Sections of the Credit are hereby amended as set forth below:


(i)
Section 2.11(a) is amended by the insertion of the words “and LC Exposure” immediately after the words “US Tranche
Revolving Loans” in clause (ii) thereof, and Section 2.11(b) is amended by the deletion of the words “Global Tranche”
immediately before the word “Lender” in clause (i) thereof and in the proviso thereto.


(ii)
Section 6.03(i) is amended by deleting the phrase “clauses (a) through (g) above” and replacing it with
the phrase “clauses (a) through (h) above”, and Section 6.07(k) is likewise amended by deleting the phrase
“clauses (a) through (i) above” and replacing it with the phrase “clauses (a) through (j) above”.


SECTION
2. Representations and Warranties. To induce the other parties hereto to enter into this Amendment, the Company represents
and warrants to each of the Lenders and the Administrative Agent that, as of the Amendment Effective Date:


(a) The
execution, delivery and performance by the Company of this Amendment have been duly authorized by all necessary corporate action;
this Amendment has been duly executed and delivered by the Company; and each of this Amendment and the Credit Agreement, as amended
by this Amendment, constitutes a



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 legal,
valid and binding obligation of the Company, enforceable against it in accordance with its terms.


(b) The
representations and warranties set forth in Article III of the Credit Agreement, and in each of the other Loan Documents,
are true and correct on and as of the Amendment Effective Date, before and after giving effect to this Amendment.


(c) No default
has occurred and is continuing, or shall have occurred and be continuing immediately after giving effect to this Amendment.


SECTION
3. Fees.  The Company agrees, subject to the effectiveness of this Amendment, to pay to each Lender that executes
and delivers a copy of this Amendment to the Administrative Agent (or its counsel) at or prior to 5:00 p.m., New York City
time, on February 6, 2012, a non-refundable amendment fee equal to .02% of the aggregate Commitments of such Lender, whether used
or unused, on the date hereof (an “Amendment Fee”). The Amendment Fees shall be earned and payable on the Amendment
Effective Date. 


SECTION
4. Effectiveness. This Amendment shall become effective on the date (the “Amendment Effective Date”)
on which the Administrative Agent shall have received counterparts of this Amendment that, when taken together, bear the signatures
of the Company and the Required Lenders and the Amendment Fees shall have been paid.


SECTION
5. Effect of Amendment. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit,
impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the
Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and
affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Loan Party
to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants
or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Amendment
shall apply and be effective only with respect to the provisions of the Credit Agreement specifically referred to herein. This
Amendment shall constitute a Loan Document, and the representations, warranties and agreements contained herein shall, for all
purposes of the Credit Agreement, be deemed to be set forth in the Credit Agreement. On and after the Amendment Effective Date,
any reference to the Credit Agreement contained in the Loan Documents shall mean the Credit Agreement as modified hereby.


SECTION
6. 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 and delivered shall be deemed an original, but all such counterparts together shall
constitute but one and the same contract. Delivery of an executed counterpart of a signature page of this Amendment by facsimile
or other



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electronic imaging means shall be as effective as delivery of a manually executed counterpart hereof.


SECTION
7. Applicable Law.  THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK.


SECTION
8. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect
the meaning hereof.



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IN WITNESS WHEREOF, the parties hereto
have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above written.


	ALBANY
    INTERNATIONAL CORP.,
	 
	by
	 	/s/
    John Cozzolino
	 	Name:    
    John Cozzolino
	 	Title:
          CFO
	 	 



	JPMORGAN
    CHASE BANK, N.A.,

    as a Lender,
	 
	by
	 	/s/
    Scott McNamara
	 	Name:    
    Scott McNamara
	 	Title:      
    Vice President







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Lender signature page to the


First Amendment to the


Albany International Corp. Credit
Agreement


To approve this Amendment:




	Institution:
    BANK OF AMERICA, N.A.,
	 
	By
	 	/s/
    Karen D. Finnerty
	 	Name:    
    Karen D. Finnerty
	 	Title:      
    Senior Vice President




For any Lender requiring a second signature line:


	by
	 	 
	 	Name:    
	 	Title:      





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Lender signature page to the


First Amendment to the


Albany International Corp. Credit
Agreement


To approve this Amendment:




	Institution:
    WELLS FARGO BANK, 

NATIONAL ASSOCIATION,
	 
	By
	 	/s/
    John J. Mulvey
	 	Name:    
    John J. Mulvey
	 	Title:      
    Senior Vice President





For any Lender requiring a second signature line:


	by
	 	 
	 	Name:    
	 	Title:      





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Lender signature page to the


First Amendment to the


Albany International Corp. Credit
Agreement


To approve this Amendment:


	Institution:
    M&T Bank,
	 
	by
	 	/s/
    Sarah A. Halliday
	 	Name:    
    Sarah A. Halliday
	 	Title:      
    Vice President





For any Lender requiring a second signature line:


	by
	 	 
	 	Name:    
	 	Title:      







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Lender signature page to the


First Amendment to the


Albany International Corp. Credit
Agreement


To approve this Amendment:




	NORDEA
    BANK FINLAND PLC, 

ACTING THROUGH ITS NEW YORK 

AND CAYMAN ISLANDS BRANCHES,
	 
	by
	 	/s/
    Leena Parker
	 	Name:    
    Leena Parker
	 	Title:      
    First Vice President




For any Lender requiring a second signature line:


	by
	 	/s/
    Henrik Steffensen
	 	Name:    
    Henrik Steffensen
	 	Title:      
    Executive Vice President






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Lender signature page to the


First Amendment to the


Albany International Corp. Credit
Agreement


To approve this Amendment:




	Institution:
    first niagAra bank, n.a.,
	 
	By
	 	/s/
    Paul D. Ryan
	 	Name:    
    Paul D. Ryan
	 	Title:      
    Vice President





For any Lender requiring a second signature line:


	by
	 	 
	 	Name:    
	 	Title:      






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Lender signature page to the


First Amendment to the


Albany International Corp. Credit
Agreement


To approve this Amendment:




	Institution:
    bank of tokyo-

mitsubishi ufj trust company,
	 
	by
	 	/s/
    Akiko Farnsworth
	 	Name:    
    Akiko Farnsworth
	 	Title:      
    Associate




For any Lender requiring a second signature line:


	by
	 	 
	 	Name:    
	 	Title:      






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Lender signature page to the


First Amendment to the


Albany International Corp. Credit
Agreement


To approve this Amendment:




	Institution:
    hsbc bank usa, na,
	 
	by
	 	/s/
    Bruce Yoder
	 	Name:    
    Bruce Yoder
	 	Title:      
    Vice President




For any Lender requiring a second signature line:


	by
	 	 
	 	Name:    
	 	Title:      






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Lender signature page to the


First Amendment to the


Albany International Corp. Credit
Agreement


To approve this Amendment:




	Institution:
    rbs citiZens, n.a.,
	 
	By
	 	/s/
    Peter M. Benham
	 	Name:     Peter M. Benham     
	 	Title:      
    Senior Vice President





For any Lender requiring a second signature line:


	by
	 	 
	 	Name:    
	 	Title:      






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