Document:

Exhibit 10.11

 

July 30, 2013

 

Renaissance Parent Corp.

c/o Kohlberg Kravis Roberts & Co. L.P.

9 West 57th St., Suite 4200

New York, New York 10019

 

Re: Transaction Fee Letter

 

Ladies and Gentlemen:

 

This letter serves to confirm the retention
by Renaissance Parent Corp. (the “Company”) of Kohlberg Kravis Roberts & Co. L.P. (“Sponsor”)
to provide structuring and financial services to the Company and its affiliates, as follows:

 

1.                 
In consideration for our consultation services rendered in connection with the transactions contemplated in the Agreement
and Plan of Merger (the “Merger Agreement”), dated as of March 7, 2013, by and among the Company, Gardner Denver,
Inc., a Delaware corporation, and Renaissance Acquisition Corp., a Delaware corporation and wholly owned subsidiary of the Company
(the “Transaction”), the Company agrees to pay to Sponsor a one-time transaction fee payable in cash, in an
amount equal to $22,575,331 payable concurrently with the completion of the Transaction. All amounts paid pursuant
to this Section 1 shall be paid in the respective proportions and to the respective bank accounts designated by Sponsor and shall
not be refundable under any circumstances.

 

2.                 
In addition to any fees that may be payable to us under this agreement, the Company also agrees to reimburse us and our
affiliates, from time to time upon request, for all reasonable out-of-pocket costs and expenses incurred, including unreimbursed
expenses incurred to the date hereof, in connection with the Transaction, including travel expenses and fees and expenses of any
independent professionals and organizations, including independent accountants, outside legal counsel and consultants.

 

3.                 
Any advice or opinions provided by us may not be disclosed or referred to publicly or to any third party (other than the
Company’s or any of its affiliate’s legal, tax, financial or other advisors), except in accordance with our prior written
consent.

 

4.                 
We shall act as an independent contractor, with duties solely to the Company. The provisions hereof shall inure to the benefit
of and shall be binding upon the parties hereto and their respective successors and assigns. Nothing in this agreement, expressed
or implied, is intended to confer on any person other than the parties hereto or their respective successors and assigns any rights
or remedies under or by reason of this agreement. Without limiting the generality of the foregoing, the parties acknowledge that
nothing in this agreement, expressed or implied, is intended to confer on any present or future holders of any securities of the
Company or its subsidiaries or affiliates, or any present or future creditor of the Company or its subsidiaries or affiliates,
any rights or remedies under or by reason of this agreement or any performance hereunder.

 

    	 

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5.                 
This agreement shall be governed by and construed in accordance with the laws of the State of New York.

 

6.                 
This agreement shall continue in effect unless amended or terminated by mutual consent of the Company and Sponsor.

 

7.                 
Each party hereto represents and warrants that the execution and delivery of this agreement by such party has been duly
authorized by all necessary action of such party.

 

8.                 
If any term or provision of this agreement or the application thereof shall, in any jurisdiction and to any extent, be invalid
and unenforceable, such term or provision shall be ineffective, as to such jurisdiction, solely to the extent of such invalidity
or unenforceability without rendering invalid or unenforceable any remaining terms or provisions hereof or affecting the validity
or enforceability of such term or provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereto
waive any provision of law that renders any term or provision of this agreement invalid or unenforceable in any respect.

 

9.                 
Each party hereto waives all right to trial by jury in any action, proceeding or counterclaim (whether based upon contract,
tort or otherwise) related to or arising out of our retention pursuant to, or our performance of the services contemplated by this
agreement.

 

10.             
The Company hereby acknowledges and agrees that the services provided by Sponsor hereunder are being provided subject to
the terms of the Indemnification Agreement, dated as of the date hereof, between the Company, Gardner Denver, Inc., the Sponsor
and the other parties thereto (as the same may be amended from time to time, the “Indemnification Agreement”).

 

11.             
Any notices or other communications required or permitted by this agreement will be sufficiently given if delivered personally
or sent by facsimile with confirmed receipt, or by overnight courier, addressed as follows or to such other address of which the
parties may have given written notice:

 

if to Sponsor:

 

Kohlberg Kravis Roberts & Co. L.P.

9 West 57th St., Suite 4200

New York, New York 10019

Attention: Peter Stavros

Facsimile: (212) 750-0003

 

with a copy (which will
not constitute notice) to:

 

Simpson Thacher & Bartlett
LLP

425 Lexington Avenue

New York, New York 10017

Attention: Sean Rodgers, Esq.

Facsimile: (212) 455-2502

 

    	 

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if to the Company:

 

Renaissance Parent Corp.

c/o Kohlberg Kravis Roberts & Co. L.P.

9 West 57th Street, Suite 4200

New York, New York 10019

Attention: Peter Stavros

Facsimile: (212) 750-0003

 

with a copy (which will
not constitute notice) to:

 

Simpson Thacher & Bartlett
LLP

425 Lexington Avenue

New York, New York 10017

Attention: Sean Rodgers, Esq.

Facsimile: (212) 455-2502

 

12.             
It is expressly understood that the foregoing Sections 2 through 5 and 8 through 13 in their entirety, survive any termination
of this agreement.

 

13.             
This agreement may be executed in counterparts (including by facsimile), each of which shall be deemed an original agreement,
but all of which together shall constitute one and the same instrument.

 

[remainder of page intentionally left
blank]

 

    	 

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If the foregoing sets forth the understanding
between us, please so indicate on the enclosed signed copy of this letter in the space provided therefor and return it to us, whereupon
this letter shall constitute a binding agreement among us.

 

	 	Very truly yours,
	 	 
	 	KOHLBERG KRAVIS ROBERTS & CO. L.P.
	 	 	 
	 	 	 
	 	By:	/s/ William Janetschek
	 		Name: William Janetschek
	 		Title: CFO

 

    	 

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	AGREED TO AND ACCEPTED BY:
	 
	        	RENAISSANCE PARENT CORP.
	 	By: 	/s/ Josh Weisenbeck                                
	 	 	Name: Josh Weisenbeck
	 	 	Title: Vice PresidentExhibit 10.13

 

MANAGEMENT STOCKHOLDER’S AGREEMENT

 

This Management Stockholder’s Agreement
(this “Agreement”) is entered into as of [P], 2013 (the “Effective Date”) between Renaissance
Parent Corp., a Delaware corporation (the “Company”), and the undersigned person (the “Management Stockholder”)
(the Company and the Management Stockholder being hereinafter collectively referred to as the “Parties”). All
capitalized terms not immediately defined are hereinafter defined in Section 6(b) of this Agreement.

 

WHEREAS, pursuant to the Agreement
and Plan of Merger, dated as of March 7, 2013 (the “Merger Agreement”), among Gardner Denver, Inc., a Delaware
corporation (“GDI”), the Company and Renaissance Acquisition Corp. (“Merger Sub”), on July 30, 2013,
GDI was merged with and into Merger Sub, with GDI as the surviving corporation (the “Merger”);

 

WHEREAS, in connection with the
Merger, certain investment funds and entities affiliated with Kohlberg Kravis Roberts & Co. L.P. (the “Sponsor”)
contributed certain funds to KKR Renaissance Aggregator LP, a Delaware limited partnership (“Parent”), which is the parent
entity of the Company, in exchange for limited partnership interests therein;

 

WHEREAS, in connection with the
Merger, the Management Stockholder has been selected by the Company (i) to be permitted to subscribe for and purchase [40] shares
of common stock, par value $0.01 per share, of the Company (the “Common Stock”) from the Company for an aggregate
amount of $[.] in cash (such subscribed for and purchased Common Stock, the “Purchased Stock”); and/or (ii) to
receive options to subscribe for and purchase shares of Common Stock (the “Options”) pursuant to the terms set
forth below and the terms of the Stock Incentive Plan for Key Employees of Renaissance Parent Corp. and its Affiliates (the “Option
Plan”) and the Stock Option Agreement (the “Stock Option Agreement”), it being understood that any grant
of options will occur at a future date and at such time the Option Plan will be provided, and the Stock Option Agreement will be
entered into by and between the Company and the Management Stockholder; and

 

WHEREAS, this Agreement is one
of several other agreements (“Other Management Stockholders Agreements”) which concurrently with the execution
hereof or in the future will be entered into between the Company and other persons who are or will be key employees of or key advisors
to the Company or one of its subsidiaries (collectively, the “Other Management Stockholders”).

 

NOW THEREFORE, to implement the
foregoing and in consideration of the mutual agreements contained herein, the Parties agree as follows:

 

1. Issuance of Purchased Stock.

 

(a) Subject to the terms and
conditions hereinafter set forth, the Management Stockholder hereby subscribes for and shall purchase, as of the Effective
Date, and the Company shall issue and deliver to the Management Stockholder as of the Effective Date, the number of shares of
Purchased Stock at a per share purchase price (the “Base Price”), in each case as set forth on Schedule
I hereto, which Base Price is equal to the effective per share purchase price paid by the Investors for the shares of the
Company in connection with the Merger.

 

    

     

    

 

(b) The Company shall have no obligation
to issue and sell any Purchased Stock to any Person who (i) is a resident or citizen of a state or other jurisdiction in which
the issuance and sale of the Common Stock to him or her would constitute a violation of the securities or “blue sky”
laws of such jurisdiction or (ii) is not an employee or director of or senior advisor to the Company or its subsidiaries as of
the Effective Date.

 

2. Management Stockholder’s Representations,
Warranties and Agreements.

 

(a) The Management Stockholder
agrees and acknowledges that he or she will not, directly or indirectly, offer, transfer, sell, assign, pledge, hypothecate, or
otherwise dispose of (any of the foregoing acts being referred to herein as a “transfer”) any shares of Purchased
Stock and, at the time of exercise, Common Stock issuable upon exercise of Options (“Option Stock”; together with
all Purchased Stock and any other Common Stock otherwise acquired and/or held by the Management Stockholder Entities as of or after
the date hereof, “Stock”), except as otherwise provided for in this Section 2(a) and Section 3 hereof. If the
Management Stockholder is an Affiliate of the Company, the Management Stockholder also agrees and acknowledges that he or she will
not transfer any shares of the Stock unless:

 

(i) the transfer is
pursuant to an effective registration statement under the Securities Act of 1933, as amended, and the rules and regulations
in effect thereunder (the “Act”), and in compliance with applicable provisions of state securities laws; or

 

(i)   (A) counsel for the Management Stockholder (which counsel shall be reasonably acceptable to the Company) shall have furnished
the Company with an opinion or other advice, reasonably satisfactory in form and substance to the Company, that no such registration
is required because of the availability of an exemption from registration under the Act and (B) if the Management Stockholder is
a citizen or resident of any country other than the United States, or the Management Stockholder desires to effect any transfer
in any such country, counsel for the Management Stockholder (which counsel shall be reasonably satisfactory to the Company) shall
have furnished the Company with an opinion or other advice reasonably satisfactory in form and substance to the Company to the
effect that such transfer will comply with the securities laws of such jurisdiction.

 

Notwithstanding the foregoing, the Company
acknowledges and agrees that any of the following transfers of Stock are deemed to be in compliance with the Act, applicable
provisions of state securities laws and this Agreement (including without limitation any restrictions or prohibitions herein)
and no opinion of counsel is required in connection therewith: (1) a transfer made pursuant to or permitted by Sections 3
(including transfers in a Proposed Sale (as defined in Section 1(a) of the Sale Participation Agreement) pursuant to the Sale
Participation Agreement), 4, 5 or 8 hereof, (2) a transfer (x) upon the death or Disability of the Management Stockholder to
the Management Stockholder’s Estate or (y) to the executors, administrators, testamentary trustees, legatees, immediate
family members, or beneficiaries of the Management Stockholder or other Person who has become a holder of Stock in accordance
with the terms of this Agreement; provided that it is expressly understood that any such transferee shall be bound by
the provisions of this Agreement, (3) a transfer made after the Effective Date in compliance with the federal securities laws
to a Management Stockholder’s Trust; provided that such transfer is made expressly subject to this Agreement and that
the transferee agrees in writing to be bound by the terms and conditions hereof as a “Management Stockholder” with
respect to the representations and warranties and other obligations of this Agreement; and provided further that it is
expressly understood and agreed that if such Management Stockholder’s Trust at any point includes any Person other than the
Management Stockholder, his or her spouse (or ex-spouse), or his or her lineal descendants (including adopted children) such
that it fails to meet the definition thereof as set forth in Section 6(b), such transfer shall no longer be deemed in
compliance with this Agreement and shall be subject to 3(d) below, or (4) a transfer made by the Management Stockholder, with
the Board’s approval, which approval shall be in the sole discretion of the Board.

 

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(b) The
certificate (or certificates) representing the Stock, if any, shall bear the following legend:

 

“THE SHARES REPRESENTED BY THIS CERTIFICATE
MAY NOT BE TRANSFERRED, SOLD, ASSIGNED, PLEDGED, HYPOTHECATED, OR OTHERWISE DISPOSED OF UNLESS SUCH TRANSFER, SALE, ASSIGNMENT,
PLEDGE, HYPOTHECATION, OR OTHER DISPOSITION COMPLIES WITH THE PROVISIONS OF THE MANAGEMENT STOCKHOLDER’S AGREEMENT BETWEEN RENAISSANCE
PARENT CORP. (THE “COMPANY”) AND THE MANAGEMENT STOCKHOLDER NAMED ON THE FACE HEREOF OR THE SALE PARTICIPATION AGREEMENT
BETWEEN SUCH MANAGEMENT STOCKHOLDER AND KKR RENAISSANCE AGGREGATOR L.P., IN EACH CASE DATED AS OF JULY 30, 2013 (COPIES OF WHICH
ARE ON FILE WITH THE SECRETARY OF THE COMPANY).”

 

(a) The
Management Stockholder acknowledges that he or she has been advised that (i) no shares of Stock have been subscribed for
and/or acquired by him or her in the context of a Public Offering, (ii) the shares of the Stock are characterized as
“restricted securities” under the Act inasmuch as they are being acquired from the Company in a transaction not
involving a Public Offering and that under the Act (including applicable regulations) the Stock may be resold without
registration under the Act only in certain limited circumstances, (iii) a restrictive legend in the form heretofore set forth
shall be placed on the certificates (if any) representing the Stock, and (iv) a notation shall be made in the appropriate
records of the Company indicating that the Stock is subject to restrictions on transfer and appropriate stop transfer
restrictions will be issued to the Company’s transfer agent with respect to the Stock.

 

(b)      Subject
at all times to the limitations and restrictions on transfer set forth in this Agreement, if any shares of the Stock are to
be disposed of in accordance with Rule 144 under the Act or otherwise, the Management Stockholder shall promptly notify the
Company of such intended disposition and shall deliver to the Company at or prior to the time of such disposition
such customary documentation as the Company may reasonably request in connection with such sale and take any customary
actions reasonably requested by the Company prior to such sale and, in the case of a disposition pursuant to Rule 144, shall
deliver to the Company an executed copy of any notice on Form 144 required to be filed with the SEC.

 

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(e)  Subject
at all times to the limitations and restrictions on transfer set forth in this Agreement, the Management Stockholder
agrees that, if any shares of the Stock are offered to the public pursuant to an effective registration statement under the
Act in a firm commitment underwritten Public Offering, the Management Stockholder will not effect any public sale or
distribution of any shares of the Stock not covered by such registration statement, including a sale pursuant to Rule 144 or
any swap or other economic arrangement that transfers to another Person any of the economic consequences of owning the Stock,
from the time of the receipt of a notice from the Company that the Company has filed or imminently intends to file such
registration statement until (i) 180 days (or such shorter period as may be (A) consented to by the managing underwriter or
underwriters or (B) applicable to Parent, subject to the determination of the managing underwriter or underwriters that
providing such shorter period to the Management Stockholder pursuant this clause (B) would not adversely affect the success
of such offering) in the case of the Initial Public Offering and (ii) 90 days (or such shorter period as may be (x) consented
to by the managing underwriter or underwriters, if any or (y) applicable to the Management Stockholder, subject to
the determination of the managing underwriter or underwriters that providing such shorter period to the Management
Stockholder pursuant this clause (y) would not adversely affect the success of such offering) in the case of any other Public
Offering after the date of the prospectus (or prospectus supplement if the offering is made pursuant to a “shelf’
registration) pursuant to which such Public Offering shall be made, unless otherwise agreed to in writing by the Company,
plus an extension period, which shall be no longer than 17 days, as may be proposed by the managing underwriter to address
FINRA regulations regarding the publishing of research, or such lesser period as is required by the managing underwriter. The
foregoing provisions of this Section 2(e) shall not apply to any transfer permitted by clause 2 or 3 of Section 2(a),
provided that the transferee agrees to be bound in writing by the restrictions set forth herein.

 

(1) The Management Stockholder represents
and warrants that (i) with respect to the Purchased Stock and Option Stock, the Management Stockholder has reviewed or will review
(in the case of Options and Option Stock) the documents and information provided to him relating to such Stock, certain of which
documents set forth the rights, preferences and restrictions relating to the Options and the Stock underlying the Options and (ii)
the Management Stockholder has been given the opportunity to obtain any additional information or documents and to ask questions
and receive answers about such information, the Company, and the business and prospects of the Company which the Management Stockholder
deems necessary to evaluate the merits and risks related to the Management Stockholder’s investment in the Stock and to verify
the information contained in the information received as indicated in this Section 2(f), and the Management Stockholder has relied
solely on such information.

 

(g) The Management
Stockholder further represents and warrants that (i) the Management Stockholder’s financial condition is such that the
Management Stockholder can afford to bear the economic risk of holding the Stock for an indefinite period of time and has
adequate means for providing for the Management Stockholder’s current needs and personal contingencies, (ii) the Management
Stockholder can afford to suffer a complete loss of his or her investment in the Stock, (iii) the Management Stockholder
understands and has taken cognizance of all risk factors related to the investment in the Stock, (iv) the Management
Stockholder’s knowledge and experience in financial and business matters are such that the Management Stockholder is capable
of evaluating the merits and risks of the Management Stockholder’s purchase of the Stock as contemplated by this Agreement,
and (v) with respect to the Purchased Stock, such Purchased Stock is being acquired by the Management Stockholder for his or
her own account, not as nominee or agent, and not with a view to the resale or distribution of any part thereof in violation
of the Act or other applicable securities laws, and the Management Stockholder has no present intention of selling, granting
any participation in, or otherwise distributing the Purchased Stock in violation of the Act or other applicable securities
laws.

 

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3. Transferability of Stock.

 

(a) The Management Stockholder agrees that
he or she will not transfer any shares of Stock at any time during the period commencing on the date hereof and ending on the later
to occur of (1) the fifth anniversary of the Effective Date and (2) the consummation of an Initial Public Offering; provided,
however, that during such period, the Management Stockholder may transfer shares of Stock pursuant to one of the following
exceptions: (i) transfers permitted by Sections 4 or 5; (ii) transfers permitted by clause (2), (3) or (4) of Section 2(a); (iii)
a sale of shares of Common Stock pursuant to an effective registration statement under the Act filed by the Company upon the proper
exercise of registration rights of such Management Stockholder under Section 8 (excluding any registration on Form S-8, S-4 or
any successor or similar form); (iv) transfers permitted pursuant to the Sale Participation Agreement; (v) transfers approved by
the Board in writing (such approval being in the sole discretion of the Board); or (vi) transfers to the Company or its designee
(any such exception, a “Peuiiitted Transfer”).

 

(b) Notwithstanding anything
to the contrary herein, Section 3(a) shall terminate and be of no further force or effect upon the occurrence of a Change in Control.

 

(c) Notwithstanding anything
to the contrary herein, no transfer of any shares of Stock shall be made unless such transfer complies with or is exempt from the
registration requirements of the Act and all applicable state and foreign securities and other laws, and the Management Stockholder
shall have provided an opinion of counsel reasonably acceptable to the Company that no registration of such shares under the Act
or applicable state or foreign securities laws is required in connection with such transfer and any other matters reasonably requested
by the Company; provided that no such opinion shall be required to be provided to the Company in the case of a Permitted
Transfer pursuant to clauses (i), (ii), (iii), (iv) or (vi) of Section 3(a).

 

(d) No transfer of any
shares of Stock in violation hereof shall be made or recorded on the books of the Company, and any such transfer shall be
void ab initio and of no effect.

 

(e) Notwithstanding
anything to the contrary herein, Parent may, at any time and from time to time, waive in writing the restrictions on
transfers contained in Section 3(a), whether such waiver is made prior to or after the transferee has effected or committed
to effect the transfer. Any transfers made pursuant to such waiver or which are later made subject to such a waiver shall, as
of the date of the waiver and at all times thereafter, not be deemed to violate any applicable restrictions on transfers
contained in this Agreement.

 

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4. Management Stockholder’s Right to Resell Stock
to the Company.

 

(a)
Except as otherwise provided herein, if the Management Stockholder’s service to the Company terminates as a result of the
death or Disability of the Management Stockholder, then the applicable Management Stockholder Entities shall, for 365 days (the
“Put Period”) following the date of such termination for death or Disability, have the right to sell to the Company,
and the Company shall be required to purchase, on one occasion, part or all of the shares of Purchased Stock (as indicated by the
applicable Management Stockholder Entities in the Redemption Notice pursuant to Section 4(b)) then held by the applicable Management
Stockholder Entities at a per share price equal to Fair Market Value on the Repurchase Calculation Date.

 

(b) In the event the applicable Management
Stockholder Entities intend to exercise their rights pursuant to Section 4(a), such Management Stockholder Entities shall send
written notice to the Company, at any time during the Put Period, of their intention to sell shares of Stock in exchange for the
payment referred to in Section 4(a) and shall indicate the number of shares of Stock to be sold (the “Redemption Notice”).
The completion of the purchases shall take place at the principal office of the Company on no later than the twentieth Business
Day (such date to be determined by the Company) after the giving of the Redemption Notice. The applicable Repurchase Price shall
be paid by delivery to the applicable Management Stockholder Entities, at the option of the Company, of a certified bank check
or checks in the appropriate amount payable to the order of each of the applicable Management Stockholder Entities (or by wire
transfer of immediately available funds, if the Management Stockholder Entities provide to the Company wire transfer instructions)
against delivery of certificates or other instruments representing the Stock so purchased, appropriately endorsed or executed
by the applicable Management Stockholder Entities or any duly authorized representative of such Person.

 

(c) Notwithstanding anything in this
Section 4 to the contrary, if there exists and is continuing a default or an event of default on the part of the Company or
any subsidiary of the Company under any loan, guarantee or other agreement under which the Company or any subsidiary of the
Company has borrowed money or if the repurchase referred to in Section 4(a) (or Section 5 below, as the case may be) would
result in a default or an event of default on the part of the Company or any Affiliate of the Company under any such
agreement or if a repurchase would reasonably be expected to be prohibited by the Delaware General Corporation Law
(“DGCL”) (or if the Company reincorporates in another state, the business corporation law of such state) or any
federal or state securities laws or regulations (each such occurrence being an “Event”), the Company shall not be
obligated to repurchase any of the Stock from the applicable Management Stockholder Entities to the extent it would cause any
such default or would be so prohibited by the Event for cash but instead, with respect to such portion with respect to which
cash settlement is prohibited, may satisfy its obligations with respect to the Management Stockholder Entities’ exercise of
their rights under Section 4(a) by delivering to the applicable Management Stockholder Entity a note with a principal amount
equal to the amount payable under this Section 4 that was not paid in cash, having terms acceptable to the Company’s (and its
Affiliate’s, as applicable) lenders and permitted under the Company’s (and its Affiliate’s, as applicable) debt instruments
but which in any event (i) shall be mandatorily repayable promptly and to the extent that an Event no longer prohibits the
payment of cash to the applicable Management Stockholder Entity pursuant to this Agreement; and (ii) shall bear interest at
an annual rate equal to the effective rate of interest in respect of Gardner Denver, Inc.’s 6.875% Senior Notes due 2021.
Notwithstanding the foregoing and subject to Section 4(d), if an Event exists and is continuing for one hundred and 180 days
after the date of the Redemption Notice, the Management Stockholder Entities shall be permitted by written notice to rescind
any Redemption Notice with respect to that portion of the Stock repurchased by the Company from the Management Stockholder
Entities pursuant to this Section 4 with the note described in the foregoing sentence, and such repurchase shall
be rescinded; provided that, upon such rescission, such note shall be immediately canceled without any action on the part of
the Company or the Management Stockholder Entities, and notwithstanding anything herein or in such note to the contrary, the
Company shall have no obligation to pay any amounts of principal or interest thereunder.

 

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(d) Notwithstanding
anything in this Agreement to the contrary, this Section 4 shall terminate and be of no further force or effect upon the
occurrence of the earlier of (i) a Change in Control and (ii) the consummation of an Initial Public Offering, except that any
payment obligation of the Company that has arisen prior to the expiration of this Section 4 shall remain in full force and
effect until satisfied in accordance with the applicable provisions of this Section 4.

 

.The Company’s Option
to Purchase Stock and Options of the Management Stockholder Upon Certain Events.

 

(a) Termination for Cause by the Company
and other Call Events. If(i) the Management Stockholder’s employment with the Company (or any of its subsidiaries or Affiliates)
is terminated by the Company (or any of its subsidiaries or Affiliates) for Cause or (ii) the Management Stockholder Entities effect
a transfer of Stock (or Options) that is prohibited under this Agreement (or the Stock Option Agreements, as applicable) after
notice from the Company of such impermissible transfer and a reasonable opportunity to cure such transfer, which is not so cured
(each event described above, a “Section 5(a) Call Event”), then:

 

(A) With respect to
Purchased Stock, the Company may purchase (or cause one or more of its Affiliates to purchase) all or any portion of the
shares of such Stock then held by the applicable Management Stockholder Entities at a per share purchase price equal to Fair
Market Value on the Repurchase Calculation Date;

 

(B) 
With respect to Stock other than Purchased Stock, the Company may purchase (or cause one or more of its Affiliates to purchase)
all or any portion of such shares of Stock then held by the applicable Management Stockholder Entities at a per share purchase
price equal to the lesser of (I) the applicable price per share paid by such Management Stockholder Entities for such Stock and
(II) the Fair Market Value on the Repurchase Calculation Date; and

 

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(C) 
All outstanding and unexercised Options (whether or not vested) shall automatically be terminated without any payment in
respect thereof.

 

(b) Termination without Cause
by the Company, Termination by the Management Stockholder with Good Reason, and Termination due to death or Disability. If
the Management Stockholder’s employment with the Company (or any of its subsidiaries or Affiliates) is terminated (i) by the Company
(or any of its subsidiaries or Affiliates) without Cause (other than due to death or Disability), (ii) by the Management Stockholder
with Good Reason or (iii) due to the Management Stockholder’s death or Disability (each event described above, a “Section
5(b) Call Event”) then:

 

(C) 
With respect to Stock, the Company may purchase (or cause one or more of its Affiliates to purchase) all or any portion
of the shares of such Stock then held by the applicable Management Stockholder Entities at a per share purchase price equal to
Fair Market Value on the Repurchase Calculation Date;

 

(D) With respect to any outstanding
and vested Options, the Company may purchase (or cause one or more of its Affiliates to purchase) all or any portion of such exercisable
vested Options held by the applicable Management Stockholder Entities for an amount equal to the product of (x) the excess, if
any, of the Fair Market Value on the Repurchase Calculation Date of a share of Option Stock underlying such Options over the Option
Exercise Price and (y) the number of Exercisable Option Shares, which vested Options shall be terminated in exchange for such payment.
In the event the Company elects to repurchase under this Section 5(b)(B) and with respect to an Option the foregoing Option Excess
Price is zero or a negative number, such Option shall be automatically terminated without any payment in respect thereof; and

 

(E) 
With respect to unvested Options, all outstanding unvested Options shall automatically be terminated without any payment
in respect thereof.

 

(c) Termination Without Good
Reason by the Management Stockholder (other than due to death or Disability). If the Management Stockholder’s employment with
the Company (or any of its subsidiaries or Affiliates) is terminated by the Management Stockholder without Good Reason (other than
due to his or her death or Disability) (a “Section 5(c) Call Event”), then:

 

(F) With respect to Purchased Stock, the Company may purchase (or cause one or more of its Affiliates to purchase) all or any
portion of the shares of such Stock then held by the applicable Management Stockholder Entities at a per share purchase price equal
to Fair Market Value on the Repurchase Calculation Date;

 

(G) With respect to
Stock other than Purchased Stock, the Company may purchase (or cause one or more of its Affiliates to purchase) all or any
portion of the shares of Stock then held by the applicable Management Stockholder Entities at a per share purchase price
equal to the lesser of (I) the applicable price per share paid by such Management Stockholder Entities for such Stock and
(II) the Fair Market Value on the Repurchase Calculation Date;

 

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(D) With respect to any
outstanding and vested Options, the Company may, at its sole election, terminate such Options without any payment in respect thereof;
and

 

(H) With respect to unvested
Options, all outstanding unvested Options shall automatically be terminated without any payment in respect thereof.

 

(d) 
Call Notice. The Company shall have a period (the “Call Period”) of 180 days from the date of any
Call Event (or, if later, with respect to a Section 5(a) Call Event specified in Section 5(a)(ii), the date after discovery of,
and the applicable cure period for, an impermissible transfer constituting such Call Event) in which to give notice in writing
to the Management Stockholder of its election to exercise its rights and obligations pursuant to this Section 5 (“Repurchase
Notice”). The completion of the purchases pursuant to the foregoing shall take place at the principal office of the Company
no later than 45 Business Days (or such longer period as may be required to comply with applicable law) after the giving of the
Repurchase Notice. The applicable Repurchase Price (including any payment with respect to the Options as described in this Section
5) shall be paid by delivery to the applicable Management Stockholder Entities of a certified bank check or checks in the appropriate
amount payable to the order of each of the applicable Management Stockholder Entities (or by wire transfer of immediately available
funds, if the Management Stockholder Entities provide to the Company wire transfer instructions) against delivery of certificates
or other instruments representing the Stock so purchased and appropriate documents canceling the Options so terminated, appropriately
endorsed or executed by the applicable Management Stockholder Entities or any duly authorized representative.

 

(d) 
Use of Note to Satisfy Call Payment; Termination of Call Right. Notwithstanding any other provision of this Section
5 to the contrary, if there exists and is continuing any Event, the Company will, to the extent it has exercised its rights to
purchase Stock pursuant to this Section 5, in order to complete the purchase of any Stock pursuant to this Section 5, deliver to
the applicable Management Stockholder Entities (i) a cash payment for any amounts payable pursuant to this Section 5 that would
not cause an Event and (ii) a note having the same terms as those provided in Section 4(c) above with a principal amount equal
to the amount payable, but not paid in cash, pursuant to this Section 5 due to the Event. Notwithstanding the foregoing, if an
Event exists and is continuing for 180 days from the date of the Call Event, the proposed repurchase of that portion of the Stock
to be repurchased by the Company from the Management Stockholder Entities pursuant to this Section 5 with the note described in
the foregoing sentence shall immediately and automatically terminate and the Company shall have no further rights or obligations
under this Section 5.

 

(e) Expiration
of this Section 5. Notwithstanding anything in this Agreement to the contrary, this Section 5 shall terminate and be of
no further force or effect upon the occurrence of the earlier of (i) a Change in Control and (ii) the consummation of the
Initial Public Offering, except that any payment obligation of the Company that has arisen prior to the expiration of this
Section 5 shall remain in full force and effect until satisfied in accordance with the applicable provisions of this Section
5.

 

    9

     

    

 

6.     Adjustment
of Repurchase Price; Definitions.

 

(f)
Adjustment of Repurchase Price. In determining the applicable repurchase price of the Stock and Options, as provided
for in Sections 4 and 5, above, appropriate adjustments shall be made for any stock dividends, splits, combinations, recapitalizations,
or any other adjustment in the number of outstanding shares of Stock in order to maintain, as nearly as practicable, the intended
operation of the provisions of Sections 4 and 5.

 

(g) Definitions. Terms
used herein and as listed below shall be defined as follows:

 

“Act” shall have the meaning set forth in
Section 2(a)(i) hereof.

 

“Affiliate”
means with respect to any Person, any entity directly or indirectly controlling, controlled by, or under common control with such
Person.

 

“Agreement” shall have
the meaning set forth in the introductory paragraph.

 

“Annual Incentive Plan”
shall have the meaning set forth in the definition of “Good Reason.”

 

“Base Price” shall have the
meaning set forth in Section 1(a) hereof.

 

“Board” shall mean the board of directors of the Company.

 

“Business Day”
shall mean any calendar day other than Saturday, Sunday or other day on which commercial banks in New York, New York are authorized
or required to close.

 

“Call Events”
shall mean, collectively, Section 5(a) Call Events, Section 5(b) Call Events, and Section 5(c) Call Events.

 

“Call Period” shall have the meaning
set forth in Section 5(d) hereof.

 

“Cause” shall
mean, with respect to a Management Stockholder: (i) a material breach by the Management Stockholder of the terms of the
Company’s policies, the terms of which have previously been provided to such Management Stockholder; (ii) any act of
theft, misappropriation, embezzlement, fraud or similar conduct by the Management Stockholder involving the Company or any of
its Affiliates; (iii) the Management Stockholder’s failure to act in accordance with any specific lawful instructions given
to the Management Stockholder by the Board (or any committee thereof) in connection with the performance of the Management
Stockholder’s duties for the Company or any subsidiary of the Company, which continues beyond ten (10) Business Days after a
written demand for substantial performance is delivered to the Management Stockholder by the Company (the “Cure
Period”); (iv) any damage of a material nature to the business or property of the Company or any Affiliate caused by
Management Stockholder’s willful or grossly negligent conduct which continues beyond the Cure Period (to the extent that, in
the Board’s reasonable judgment, such breach can be cured); (v) any intentional misconduct by the Management Stockholder
which is reasonably likely to be materially damaging to the Company without a reasonable good faith belief by the Management
Stockholder that such conduct was in the best interests of the Company; (vi) the conviction or the plea of nolo contendere or
the equivalent in respect of any felony or a misdemeanor involving an act of dishonesty, moral turpitude, deceit, or fraud by
the Management Stockholder; or (vii) a knowing and material breach of this Agreement or the Management Stockholder’s other
written agreements with the Company (including, without limitation, the restrictive covenants set forth in Section 23(a) of
this Agreement) which continues beyond the Cure Period (to the extent that, in the Board’s reasonable judgment, such breach
can be cured). A termination for Cause shall be effective when the Company has given the Management Stockholder written
notice of its intention to terminate for Cause, describing those acts or omissions that are believed to constitute Cause, and
has given Management Stockholder the Cure Period within which to respond.

 

    10

     

    

 

“Change in Control” means
(i) the sale (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company,
Parent or Gardner Denver, Inc. to any Person (or group of Persons acting in concert), other than to (x) the Sponsor or one or more
of its controlled Affiliates or (y) any employee benefit plan (or trust forming a part thereof) maintained by Parent, the Company
or their respective controlled Affiliates; or (ii) a merger, recapitalization, or other sale by the Company, the Sponsor, or any
of their respective Affiliates, to a Person (or group of Persons acting in concert) of Common Stock that results in more than 50%
of the Common Stock of the Company (or any resulting company after a merger) being held by a Person (or group of Persons acting
in concert) that does not include (x) the Sponsor or its controlled Affiliates or (y) an employee benefit plan (or trust fixating
a part thereof) maintained by Parent, the Company or their respective controlled Affiliates; and in any event of clause (i) or
(ii), which results in the Sponsor and its controlled Affiliates or such employee benefit plan ceasing to hold the ability to elect
a majority of the members of the Board.

 

“Common Stock” shall have the
meaning set forth in the third “whereas” paragraph.

 

“Company” shall have the meaning set forth in the
introductory paragraph.

 

“Confidential Information”
shall mean all non-public information concerning trade secret, know-how, software, developments, inventions, processes, technology,
designs, the financial data, strategic business plans or any proprietary or confidential information, documents or materials in
any form or media, including any of the foregoing relating to research, operations, finances, current and proposed products and
services, vendors, customers, advertising and marketing, and other non-public, proprietary, and confidential infoiniation of the
Restricted Group; provided that any such information shall not be “Confidential Infattnation” to the extent (i)
the disclosure of such information is legally required to comply with applicable law or legal process or government agency or self-regulatory
body request, so long as the disclosing party uses commercially reasonable efforts to preserve the confidentiality of the infolination
and discloses only that portion of the information as is, based on the advice of the disclosing party’s counsel, legally required,
or (ii) it becomes generally available to the public other than as a result of a disclosure or failure to safeguard in violation
of Section 23.

 

    11

     

    

 

“controlled by” shall mean,
with respect to the relationship between or among two or more Persons, the ownership, directly or indirectly, of a majority of
the voting power or other equity securities of a Person, which results in the ability to elect a majority of the members of the
board of directors of such Person.

 

“Cure Period” shall have the meaning
set forth in the definition of “Cause.”

 

“Custody Agreement and
Power of Attorney” shall have the meaning set forth in Section 8(e) hereof.

 

“Disability”
shall mean “Disability” for purposes of eligibility for benefits under the long-term disability plan of the Company or
any subsidiary thereof, as applicable.

 

“Effective Date” shall have the
meaning set forth in the introductory paragraph.

 

“Event” shall have the meaning set forth in Section 4(c) hereof.

 

“Exchange Act”
shall mean the Securities Exchange Act of 1934, as amended (or any successor section thereto).

 

“Exercisable Option Shares”
shall mean the shares of Common Stock that, at the time that the Repurchase Notice is delivered, could be purchased by the Management
Stockholder upon exercise of his or her then outstanding and exercisable Options.

 

“Fair Market Value”
shall mean the fair market value of one share of Common Stock on any given date, as determined reasonably and in good faith by
the Board.

 

“FINRA” shall
mean the Financial Industry Regulatory Authority, Inc., or any successor body thereto.

 

“Good
Reason” shall mean, with respect to a Management Stockholder: (i) a material adverse change in the Management
Stockholder’s position causing it to be of materially less stature, responsibility, or authority or the assignment to the
Management Stockholder of any material duties inconsistent with the customary duties of the Management Stockholder’s
position, in each case without the Management Stockholder’s written consent (provided that if, after an Initial Public
Offering, the Company or its successor entity ceases to be a publicly traded entity, such fact shall not constitute a change
in the Management Stockholder’s existing position), (ii) the relocation of the offices at which the Management Stockholder is
principally employed to a location which is more than 50 miles from the offices at which the Management Stockholder is
principally employed immediately prior to such relocation, or (iii) a reduction, without the Management Stockholder’s written
consent, in the Management Stockholder’s base salary or the target bonus amount the Management Stockholder is eligible to
earn under the Company’s current annual incentive plan or any successor or replacement annual incentive plan that the Company
adopts (such current plan or any such successor or replacement plan, the “Annual Incentive Plan”); provided,
however, that nothing herein shall be construed to guarantee the Management Stockholder’s bonus for any year if the
applicable perfoltnance targets are not met; and provided further, that it shall not constitute Good Reason hereunder
if the Company makes an appropriate pro rata adjustment to the applicable bonus and targets under the Annual Incentive Plan
in the event of a change in the Company’s fiscal year.

 

    12

     

    

 

Unless the Management Stockholder provides
written notification of an event described in clauses 0 or 0 above within ninety (90) days after the Management Stockholder knows
or has reason to know of the occurrence of any such event, the Management Stockholder shall be deemed to have consented thereto
and such event shall no longer constitute Good Reason for purposes of this Agreement. If the Management Stockholder provides such
written notification to the Company (or such subsidiary of the Company as may be specified in the Stock Option Agreement), the
Company shall have ten (10) Business Days from the date of receipt of such notice to effect a cure of the event described therein
and, upon cure thereof by the Company to the reasonable satisfaction of the Management Stockholder, such event shall no longer
constitute Good Reason for purposes of this Agreement. Notwithstanding the foregoing, any event described in clauses 0 or 0 above
must be an event that would result in a material negative change in the Management Stockholder’s employment relationship with the
Company and thus effectively constitute an involuntary termination of employment for purposes of Section 409A of the Internal Revenue
Code of 1986, as amended.

 

“Group”
shall mean “group,” as such terns is used for purposes of Section 13(d) or 14(d) of the Exchange Act.

 

“Holders” shall have the meaning
set forth in Section 8(d).

“Investor” shall have the meaning set forth in Section 8(a).

 

“Initial Public Offering”
means the first firm commitment underwritten offering of the Company pursuant to an effective registration statement (other than
a registration statement on Forms S-4 or S-8 or any similar form) under the Act or other applicable securities laws.

 

“Management Stockholder”
shall have the meaning set forth in the introductory paragraph.

 

“Management
Stockholder Entities” shall mean the Management Stockholder’s Trust, the Management Stockholder, and the Management Stockholder’s
Estate, collectively.

 

“Management Stockholder’s
Estate” shall mean the conservators, guardians, executors, administrators, testamentary trustees, legatees, or beneficiaries
of the Management Stockholder.

 

“Management
Stockholder’s Trust” shall mean a partnership, limited liability company, corporation, trust, private foundation,
or custodianship, the beneficiaries of which may include only the Management Stockholder, his or her spouse (or ex-spouse), or
his or her lineal descendants (including adopted) or, if at any time after any such transfer there shall be no then living spouse
or lineal descendants, then to the ultimate beneficiaries of any such trust or to the estate of a deceased beneficiary.

 

“Options” shall have the meaning
set forth in the third “whereas” paragraph.

 

    13

     

    

 

“Option Excess Price”
shall mean the aggregate amount paid or payable by the Company in respect of Exercisable Option Shares, as determined pursuant
to Section 5(b)(13).

 

“Option Exercise Price”
shall mean the then-current per share exercise price of the shares of Common Stock covered by the applicable Options.

 

“Option Plan”
shall have the meaning set forth in the third “whereas” paragraph.

 

“Option Stock” shall have the meaning
set forth in Section 2(a) hereof.

 

“Other Management Stockholders”
shall have the meaning set forth in the fourth “whereas” paragraph.

 

“Other Management Stockholders
Agreements” shall have the meaning set forth in the fourth “whereas” paragraph.

 

“Parent” shall have the meaning
set forth in the second “whereas” paragraph.

 

“Parties” shall have the meaning set forth in the introductory
paragraph.

 

“Permitted Transfer” shall have the meaning set forth in Section 3(a).

 

“Permitted Transferee”
shall mean any Person who is a transferee of Stock pursuant to a Permitted Transfer.

 

“Person” shall mean “person,”
as such term is used for purposes of Section 13(d) or 14(d) of the Exchange Act.

 

“Piggyback Notice”
shall have the meaning set forth in Section 8(b) hereof. 

 

“Piggyback Rights” shall have the meaning set forth in
Section 8(a) hereof.

 

“Proposed Registration” shall have the meaning set forth in Section 8(b) hereof.

 

“Public Offering”
shall mean the sale of shares of Common Stock to the public subsequent to the date hereof pursuant to a registration statement
under the Act which has been declared effective by the SEC (other than a registration statement on Form S-4, S-8 or any successor
or similar form).

 

“Purchased Stock” shall have
the meaning set forth in the third “whereas” paragraph.

 

“Put Period” shall have the meaning set forth
in Section 4(a) hereof.

 

“Redemption Notice” shall have
the meaning set forth in Section 4(b) hereof.

 

“Registration Rights Agreement” shall have the meaning set forth
in Section 8(a) hereof.

 

“Repurchase
Calculation Date” shall mean (i) prior to the occurrence of a Public Offering, the last day of the month preceding
the month in which the date of repurchase occurs, and (ii) on and after the occurrence of a Public Offering, the closing
trading price on the date immediately preceding the date of repurchase.

 

    14

     

    

 

“Repurchase Notice” shall have the
meaning set forth in Section 5(c) hereof.

 

“Repurchase Price”
shall mean the amount to be paid in respect of the Stock and Options to be purchased by the Company pursuant to Section 4 or 5.

 

“Request” shall have the meaning
set forth in Section 8(b) hereof.

 

“Restricted Group” shall have the meaning set forth in Section 23(a) hereof.

 

“Sale Participation Agreement”
shall mean that certain sale participation agreement entered into by and between the Management Stockholder and Parent, dated as
of the date hereof.

 

“SEC” shall mean the Securities and
Exchange Commission.

 

“Sponsor” shall have the
meaning set forth in the second “whereas” paragraph.

 

“Stock” shall have the meaning set
forth in Section 2(a) hereof

 

“Stock Option Agreement”
shall have the meaning set forth in the third “whereas” paragraph.

 

“transfer” shall have the meaning
set forth in Section 2(a) hereof

 

7. The Company’s Representations and Warranties
and Covenants.

 

(f) The Company represents and warrants to the Management Stockholder that (i) this Agreement has been duly authorized, executed,
and delivered by the Company and is enforceable against the Company in accordance with its terms, (ii) the Stock, when issued and
delivered in accordance with the terms hereof and the other agreements contemplated hereby, will be duly and validly issued, fully
paid and nonassessable; and (iii) the Base Price is equal to the effective per share purchase price paid by the Investors for the
shares of the Company in connection with the Merger.

 

(g) If
the Company becomes subject to the reporting requirements of Section 12 of the Exchange Act, the Company will file the
reports required to be filed by it under the Act and the Exchange Act and the rules and regulations adopted by the SEC
thereunder, to the extent required from time to time to enable the Management Stockholder to sell shares of Stock, subject to
compliance with the provisions hereof without registration under the Exchange Act within the limitations of the exemptions
provided by (A) Rule 144 under the Act, as such Rule may be amended from time to time, or (B) any similar rule or regulation
hereafter adopted by the SEC. Notwithstanding anything contained in this Section 7(b), the Company may de-register under
Section 12 of the Exchange Act if it is then permitted to do so pursuant to the Exchange Act and the rules and regulations
thereunder and, in such circumstances, shall not be required hereby to file any reports which may be necessary in order for
Rule 144 or any similar rule or regulation under the Act to be available. Nothing in this Section 7(b) shall be deemed to
limit in any manner the restrictions on transfers of Stock contained in this Agreement.

 

    15

     

    

 

8.     “Piggyback”
Registration Rights. Effective after the occurrence of the Initial Public Offering:

 

(h) The Parties agree to be
bound by all of the terms, conditions, and obligations of the Registration Rights Agreement as they relate to the exercise of piggyback
registration rights set forth in Sections 3(c), 4, 5, 6, 7, 8, and 11 (but not Section 11(1)) of the Registration Rights Agreement
entered into by and among the Company and the investors party thereto (such Registration Rights Agreement, the “Registration
Rights Agreement” and such piggyback registration rights, the “Piggyback Rights”), as in effect on the
date hereof (subject, with respect to any such Management Stockholder provided Piggyback Rights, only to any amendments thereto
to which such Management Stockholder has agreed in writing to be bound) and, if any of the investors named therein or their transferees
(each, an “Investor”) or Parent are selling Common Stock, the Management Stockholder shall have all of the rights
and privileges of the Piggyback Rights (including, without limitation, any rights to indemnification and/or contribution from the
Company and/or Parent or the Investors, as applicable), in each case as if the Management Stockholder were an original party to
the Registration Rights Agreement, subject to applicable and customary underwriter restrictions; provided that at no time
shall the Management Stockholder have any rights to request registration under Section 3 of the Registration Rights Agreement.
All Stock purchased or otherwise held by the applicable Management Stockholder Entities pursuant to this Agreement shall be deemed
to be “Registrable Securities” as defined in the Registration Rights Agreement. Effective after the occurrence of an
Initial Public Offering, if any of the Investors are selling stock in a circumstance in which the Management Stockholder would
not have Piggyback Rights, the restrictions on transfer contained in Section 3(a) shall be waived with respect to the number of
shares of Common Stock that would have been subject to such Piggyback Rights if such sale by the Investors had resulted in the
Management Stockholder having Piggyback Rights.

 

(i)  In
the event of a sale of Common Stock by Parent or any of the Investors in accordance with the terms of the Registration Rights
Agreement, the Company will promptly notify the Management Stockholder Entities in writing (a “Piggyback
Notice”) of any proposed registration (a “Proposed Registration”), which Piggyback Notice shall
include: the principal terms and conditions of the proposed registration, including (i) the number of the shares of Common
Stock to be sold, (ii) the fraction expressed as a percentage, determined by dividing the number of shares of Common Stock to
be sold by the holders of Registrable Securities by the total number of shares held by the holders of Registrable Securities
selling the shares of Common Stock, (iii) the proposed per share purchase price (or an estimate thereof), and (iv) the
proposed date of sale. If within 15 days of the receipt by the Management Stockholder Entities of such Piggyback Notice, the
Company receives from the applicable Management Stockholder Entities a written request (a “Request”) to
register shares of Stock held by the applicable Management Stockholder Entities (which Request will be irrevocable unless
otherwise mutually agreed to in writing by the Management Stockholder, if any, and the Company), shares of Stock will be so
registered as provided in this Section 8; provided, however, that for each such registration statement only one
Request, which shall be executed by the applicable Management Stockholder Entities, may be submitted for all Registrable
Securities held by the applicable Management Stockholder Entities.

 

    16

     

    

 

(c) The maximum number of shares of Stock which will be registered pursuant to a Request will be the lower of (i) the number
of shares of Stock then held by the Management Stockholder Entities, including all shares of Stock which the Management Stockholder
Entities are then entitled to acquire under an unexercised Option to the extent then exercisable, multiplied by a fraction, the
numerator of which is the aggregate number of shares of Stock being sold by holders of Registrable Securities and the denominator
of which is the aggregate number of shares of Stock owned by all holders of Registrable Securities and (ii) the maximum number
of shares of Stock which the Company can register in connection with such Request in the Proposed Registration without adverse
effect on the offering in the view of the managing underwriters (reduced pro rata as more fully described in Section 8(d) below).

 

(h) If a Proposed Registration involves an underwritten offering and the managing underwriter advises the Company in writing
that, in its opinion, the number of shares of Stock requested to be included in the Proposed Registration exceeds the number which
can be sold in such offering, so as to be likely to have an adverse effect on the price, timing or distribution of the shares of
Stock offered in such Public Offering as contemplated by the Company, then, unless the managing underwriter advises that marketing
factors require a different allocation, the Company will include in the Proposed Registration (i) first, 100% of the shares of
Stock the Company proposes to sell and (ii) second, to the extent of the number of shares of Stock requested to be included in
such registration which, in the opinion of such managing underwriter, can be sold without having the adverse effect referred to
above, the number of shares of Stock which the selling holders of Registrable Securities, the Management Stockholder Entities and
all Other Management Stockholders and any other Persons who are entitled to piggyback or incidental registration rights in respect
of Stock (together, the “Holders”) have requested to be included in the Proposed Registration, such amount to
be allocated pro rata among all requesting Holders on the basis of the relative number of shares of Stock then held by each such
Holder (including upon exercise of all exercisable Options) (provided that any shares thereby allocated to any such Holder that
exceed such Holder’s request will be reallocated among the remaining requesting Holders in like manner).

 

(i)  Upon delivering a Request a Management Stockholder having Piggyback Rights pursuant to clause (b) of this Section 8 will,
if requested by the Company, execute and deliver a custody agreement and power of attorney having customary teiins and in foini
and substance reasonably satisfactory to the Company with respect to the shares of Stock to be registered pursuant to this Section
8 (a “Custody Agreement and Power of Attorney”). The Custody Agreement and Power of Attorney will provide, among
other things, that the Management Stockholder will deliver to and deposit in custody with the custodian and attorney-in-fact named
therein a certificate or certificates (to the extent applicable) representing such shares of Stock (duly endorsed in blank by the
registered owner or owners thereof or accompanied by duly executed stock powers in blank) and irrevocably appoint said custodian
and attorney-in-fact as the Management Stockholder’s agent and attorney-in-fact with full power and authority to act under the
Custody Agreement and Power of Attorney on the Management Stockholder’s behalf with respect to the matters specified therein.

 

    17

     

    

 

(f) The Management Stockholder agrees that he or she will execute such other reasonable customary agreements as the Company
may reasonably request to further evidence the provisions of this Section 8, including reasonable and customary lock-up agreements;
provided that the other holders who are members of management and are selling securities pursuant to such registration are subject
to similar agreements.

 

(j) Notwithstanding Section 11(1) of the Registration Rights Agreement, this Section 8 will terminate on the earlier of (i)
the occurrence of a Change in Control and (ii) with respect to each Management Stockholder, on the date on which such Management
Stockholder ceases to own any Registrable Securities.

 

9.     Rights
to Negotiate Repurchase Price. Nothing in this Agreement shall be deemed to restrict or prohibit the Company from purchasing,
redeeming, or otherwise acquiring for value shares of Stock or Options from the Management Stockholder, at any time, upon such
terms and conditions, and for such price, as may be mutually agreed upon in writing between the Parties, whether or not at the
time of such purchase, redemption, or acquisition circumstances exist which specifically grant the Company the right to purchase,
or the Management Stockholder the right to sell, shares of Stock or any Options under the terms of this Agreement; provided
that no such purchase, redemption, or acquisition shall be consummated, and no agreement with respect to any such purchase,
redemption, or acquisition shall be entered into, without the prior approval of the Board.

 

1.     Covenant
Regarding 83(b) Election. Except as the Company may otherwise agree in writing, the Management Stockholder hereby covenants
and agrees that the Management Stockholder will make an election provided pursuant to Treasury Regulation Section 1.83-2 with
respect to any Stock other than Purchased Stock acquired under this Agreement; and the Management Stockholder further covenants
and agrees that he or she will furnish the Company with copies of the forms of election the Management Stockholder files within
thirty (30) days after the date hereof, and within thirty (30) days after each exercise of the Management Stockholder’s Options
and with evidence that each such election has been filed in a timely manner.

 

2.     Notice
of Change of Beneficiary. Immediately prior to any transfer of Stock to a Management Stockholder’s Trust, the Management
Stockholder shall provide the Company with a copy of the instruments creating the Management Stockholder’s Trust and with
the identity of the beneficiaries of the Management Stockholder’s Trust. The Management Stockholder shall notify the Company
as soon as practicable prior to any change in the identity of any beneficiary of the Management Stockholder’s Trust.

 

3.     Recapitalizations,
etc. 

 

(a)
The provisions of this Agreement shall apply, to the full extent set forth herein with respect to the Stock or the Options,
to any and all shares of capital stock of the Company or any capital stock, partnership units, or any other security
evidencing ownership interests in any successor or assign of the Company (whether by merger, consolidation, sale of assets,
or otherwise) which may be issued in respect of, in exchange for, or substitution of the Stock or the Options by reason of
any stock dividend, split, reverse split, combination, recapitalization, liquidation, reclassification, merger,
consolidation, or otherwise. In the event of any of the foregoing occurrences or a conversion or exchange pursuant to Section
12(b), all references in this Agreement, the Sale Participation Agreement, the Option Plan, and any Stock Option Agreement to
shares of Common Stock (including Purchased Stock and Option Stock), Option Exercise Prices, any other per share purchase
price of Common Stock, and any similar terms contained herein or therein shall refer to such shares and prices as the same
may be adjusted, exchanged, or converted in connection with any of the foregoing.

 

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(b)  Prior to and in connection
with an Initial Public Offering, the Company may effect, and may require the Management Stockholder to require the Management Stockholder
Entities to participate in, any recapitalization or restructuring transaction or transactions in connection with which the Common
Stock is converted or exchanged, pro rata, into or for new equity securities, the terms and conditions of which (i) shall preserve
the limited liability of the Management Stockholder Entities with respect to such new equity securities, (ii) shall substantially
preserve in all material respects the economic interest, priority, and other rights and privileges of the Management Stockholder
Entities with respect to such new equity securities, and (iii) shall not impose any liabilities on the Management Stockholder Entities.

 

13.     Management
Stockholder’s Employment by the Company. Nothing contained in this Agreement or in any other agreement entered into by the
Company and the Management Stockholder contemporaneously with the execution of this Agreement (subject to, and except as set forth
in, the applicable provisions of any employment agreement entered into by and between the Management Stockholder and the Company
or any of its subsidiaries) (i) obligates the Company or any subsidiary of the Company to employ the Management Stockholder in
any capacity whatsoever or (ii) prohibits or restricts the Company (or any such subsidiary) from terminating the employment of
the Management Stockholder at any time or for any reason whatsoever, with or without Cause, and the Management Stockholder hereby
acknowledges and agrees that neither the Company nor any other Person has made any representations or promises whatsoever to the
Management Stockholder concerning the Management Stockholder’s employment or continued employment by the Company or any subsidiary
of the Company.

 

4.     Binding
Effect. The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties hereto and their respective
heirs, legal representatives, successors and assigns. In the case of a transferee permitted under Section 2(a) or Section 3(a)
(other than clauses (i), (iii), (iv) or (vi) thereof) hereof, such transferee shall be deemed the Management Stockholder hereunder;
provided, however, that no transferee (including without limitation, transferees referred to in Section 2(a) or Section
3(a) hereof) shall derive any rights under this Agreement unless and until such transferee has delivered to the Company a valid
undertaking and becomes bound by the terms of this Agreement. No provision of this Agreement is intended to or shall confer upon
any Person other than the Parties any rights or remedies hereunder or with respect hereto.

 

5.     Amendment.
This Agreement may be amended or modified by a written instrument signed by the Company at any time upon notice to the applicable
Management Stockholder Entities party hereto; provided that any amendment of this Agreement or the Registration Rights
Agreement that materially disadvantages the Management Stockholder Entities shall not be effective as to such Management Stockholder
Entities unless and until such Management Stockholder Entities have consented thereto in writing.

 

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16.     Closing.
Except as otherwise provided herein, the closing of each purchase and sale of shares of Stock pursuant to this Agreement shall
take place at the principal office of the Company on the tenth (10th) Business Day following delivery of the notice by either
Party to the other of its exercise of the right to purchase or sell such Stock hereunder.

 

6.     Further
Undertakings. To the extent the Management Stockholder shall at any time be entitled to vote with respect to the Common Stock
owned by it, the Management Stockholder shall undertake to vote or, as the case may be, to be voted, its Common Stock (i) on the
occasion of any general meeting of the shareholders of the Company held (by way of a meeting or passed by written resolutions)
for the purpose of approving the issuance, purchase (and authorization of the Board to purchase, as the case may be), and/or redemption
by the Company of Common Stock, if and to the extent such an issuance, purchase, and/or redemption is made in accordance with,
or for the purpose of, this Agreement, (ii) in general in favor of any resolutions of the shareholders of the Company proposed
at any general meeting of the shareholders of the Company which may be necessary to give effect to the provisions or intents of
this Agreement, waiving any convening notice to any such general meeting of shareholders, and (iii) in the event of any ambiguity
or conflict arising between the terms of this Agreement and those of the Company’s Certificate of Incorporation, vote in favor
of any resolutions proposed at any general meeting of the shareholders of the Company held for the purpose of amending the Company’s
Certificate of Incorporation to eliminate any such ambiguity or conflict.

 

7.     Applicable
Law; Jurisdiction; Arbitration; Legal Fees.

 

(k)
The laws of the State of New York applicable to contracts executed and to be performed entirely in such state shall govern
the interpretation, validity, and performance of the terms of this Agreement.

 

(l) In the event of any controversy among the parties hereto arising out of, or relating to, this Agreement which cannot be
settled amicably by the parties, such controversy shall be finally, exclusively, and conclusively settled by mandatory arbitration
conducted expeditiously in accordance with the American Arbitration Association rules by a single independent arbitrator. Such
arbitration process shall take place in New York, New York, United States. The decision of the arbitrator shall be final and binding
upon all parties hereto and shall be rendered pursuant to a written decision, which contains a detailed recital of the arbitrator’s
reasoning. Judgment upon the award rendered may be entered in any court having jurisdiction thereof.

 

(m) Notwithstanding
the foregoing, the Management Stockholder acknowledges and agrees that the Company, its subsidiaries, the Sponsor, and any of
their respective Affiliates shall be entitled to injunctive or other relief in order to enforce the covenant not to compete, covenant
not to solicit, and/or confidentiality covenants as set forth in Section 23(a) of this Agreement.

 

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(d) In the event of any arbitration
or other disputes with regard to this Agreement or any other document or agreement referred to herein, each Party shall pay its
own legal fees and expenses, unless otherwise determined by the arbitrator.

 

19.     Assignability
of Certain Rights by the Company. The Company shall have the right to assign any or all of its rights or obligations to purchase
shares of Stock pursuant to Sections 4 and 5 hereof; provided that no such assignment shall relieve the Company from its
obligations thereunder.

 

20.     Miscellaneous.

 

(c) In this Agreement, all references to “dollars” or “$” are to United States dollars and the masculine
pronoun shall include the feminine and neuter, and the singular the plural, where the context so indicates.

 

(d) 
If any provision of this Agreement shall be declared illegal, void or unenforceable by any court of competent jurisdiction,
the other provisions shall not be affected, but shall remain in full force and effect.

 

21.     Withholding. The Management Stockholder
Entities acknowledge that as of the date of this Agreement, none of the Company or its subsidiaries shall have any obligations
to withhold from any payments that could be due to any of the Management Stockholder Entities under this Agreement any federal,
state or local income or other taxes required by law to be withheld with respect to such payment; provided that the Management
Stockholder Entities hereby grant the Company or its subsidiaries the right to deduct from any cash payment made under this Agreement
to the applicable Management Stockholder Entities any federal, state or local income or other taxes that may in the future be required
by law to be withheld with respect to such payment, if applicable.

 

22.     Notices. All notices and other
communications provided for herein shall be in writing. Any notice or other communication hereunder shall be deemed duly given
(i) upon electronic confirmation of facsimile, (ii) one Business Day following the date sent when sent by overnight delivery, and
(iii) five (5) Business Days following the date mailed when mailed by registered or certified mail return receipt requested and
postage prepaid, in each case as follows:

 

(a) If to the Company or Parent, to it at
the following address:

 

c/o Kohlberg Kravis Roberts & Co. L.P.

9 West 57th St., Suite 4200

New York, New York 10019

Attention: Peter Stavros

Telecopy: (212) 750-0003

 

With a copy to:

 

Simpson Thacher & Bartlett LLP

425 Lexington Avenue

New York, New York 10017

Attention: Sean Rodgers, Esq.

Telecopy: (212) 455-2502

 

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(b) If to the Management Stockholder,
to the Management Stockholder at the address set forth below under the Management Stockholder’s signature; or at such other address
as either Party shall have specified by notice in writing to the other;

 

23. Confidential Information; Covenant
Not to Compete; Covenant Not to Solicit.

 

(a) In consideration of the
Company entering into this Agreement with the Management Stockholder, the Management Stockholder hereby covenants and agrees effective
as of the date of the Management Stockholder’s commencement of employment with the Company or its subsidiaries, without the Company’s
prior written consent, the Management Stockholder shall not, directly or indirectly:

 

(i)    at any time during or
after the Management Stockholder’s employment with the Company or its subsidiaries, disclose any Confidential Information pertaining
to the business of the Company or any of its subsidiaries or the Sponsor or any of its respective Affiliates, except when required
by law or while employed by the Company or its subsidiaries for the benefit of the Company;

 

(ii)    at any time during
the Management Stockholder’s employment with the Company or its subsidiaries and for a period of eighteen (18) months thereafter
as a proprietor, investor, director, officer, employee, substantial stockholder, consultant, or partner (whether individually or
through any majority-owned entity), compete with the business of the Company or any of its subsidiaries (collectively, the “Restricted
Group”) in any geographic area where any member of the Restricted Group creates, manufactures, produces, sells, leases,
rents, licenses, or otherwise provides products or services (and for the avoidance of doubt, the Management Stockholder will be
considered to so compete to the extent the Management Stockholder solicits customers or clients of the Restricted Group in a manner
which competes with the Restricted Group); provided, that, for the purpose of this Section 23(a)(ii), the “business
of the Company or any of its subsidiaries” shall mean the business of the design, manufacture, distribution and marketing
of air and gas compressors, blowers, pumps and fluid transfer systems and related activities, and any other business activity in
which the Company and its subsidiaries may, after the date of this agreement, become engaged, or take substantial steps to engage;
or

 

(i)    at any time during the Management Stockholder’s employment with the Company or its subsidiaries and for a period of eighteen
(18) months thereafter (A) individually or through an agent solicit, offer employment to, or hire for the benefit of anyone other
than the Company or any of its subsidiaries, or the Sponsor or its Affiliates, any person who is, or has been at any time during
the twelve (12) months immediately preceding the time of such solicitation, offer, or hiring, employed by the Company or any of
its subsidiaries, or (B) individually or through an agent, solicit or encourage to cease to work with the Company or any of its
subsidiaries, or the Sponsor or its Affiliates, any consultant or independent contractor then under contract with the Company or
any of its subsidiaries;

 

    22

     

    

 

(iv)    at any time during the
Management Stockholder’s employment with the Company and for a period of eighteen (18) months thereafter, disparage or make any
public statement concerning the Company, the Sponsor or any of their respective subsidiaries or Affiliates.

 

Notwithstanding the foregoing, for the purposes of Section 23(a)(ii),
the Management Stockholder may, directly or indirectly (A) own, solely as an investment, securities of any Person which may compete
with the business of the Company or any of its subsidiaries which are publicly traded on a national or regional stock exchange
or quotation system or on the over-the-counter market if the Management Stockholder (I) is not a controlling Person of, or a member
of a group which controls, such Person and (II) does not, directly or indirectly, own 5% or more of any class of securities of
such Person; and/or (B) provide services for a subsidiary, division, or other entity of a person or entity, which either through
another subsidiary or division competes with the business of the Company or any of its subsidiaries as described in clause (ii)
above, so long as the Management Stockholder does not, directly or as a service provider to the subsidiary, division, or entity
for which the Management Stockholder is providing services, so compete.

 

(b) Notwithstanding clause (a) above, if at
any time a court holds that the restrictions stated in such clause (a) are unreasonable or otherwise unenforceable under circumstances
then existing, the parties hereto agree that the maximum period, scope, or geographic area detennined to be reasonable under such
circumstances by such court will be substituted for the stated period, scope, or area. Because the Management Stockholder’s services
are unique and because the Management Stockholder has had access to Confidential Information, the parties hereto agree that money
damages will be an inadequate remedy for any breach of this Agreement. In the event of a breach or threatened breach of this Agreement,
the Company or its successors or assigns may, in addition to other rights and remedies existing in their favor, apply to any court
of competent jurisdiction for specific performance and/or injunctive relief in order to enforce, or prevent any violations of,
the provisions hereof (without the posting of a bond or other security).

 

[Signature pages follow]

 

    23

     

    

 

IN WITNESS WHEREOF, the Parties
have executed this Agreement as of the date first above written.

 

	 	RENAISSANCE PARENT CORP.
	 	 	 
	 	By:	 
	 	Name:	  
	 	Title:	 
	 	 	 
	 	KKR RENAISSANCE AGGREGATOR LP
	 	 	 
	 	By: KKR Renaissance Aggregator GP LLC, its General Partner
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature page to Management Stockholder’s
Agreement]

 

    

     

    

 

	 	MANAGEMENT STOCKHOLDER:
	 	 
	 	By:	 
	 	Name:	 
	 	 	 
	 	ADDRESS:	 
	 	 	 
	 	 	 
	 	 	 

 

[Signature page to Management Stockholder’s
Agreement]

 

 

    

     

    

 

Schedule I

 

PURCHASED STOCK

 

Number of shares of Purchased Stock:

 

Base Price:

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