Document:

Exhibit 10(a)

October 4, 2006

Cantel Medical Corp.

Overlook at Great Notch

150 Clove Road — 9th Floor

Little Falls, New
Jersey  07424

	
  

  	
  Re:

  	
  Amended and Restated Credit Agreement dated as of
  August 1, 2005 among Cantel Medical Corp. (the “Borrower”), the
  Lenders party thereto and Bank of America, N.A., as Administrative Agent (as
  amended or modified from time to time, the “Credit Agreement”).
  Capitalized terms used herein and not otherwise defined shall have the
  meanings ascribed thereto in the Credit Agreement.

  

 

 

Ladies and Gentlemen:

The Borrower has informed the Administrative
Agent and the Lenders that JPMorgan Chase Bank, N.A. issued a standby letter of
credit on June 6, 2006 for 600,000 Euro on the account of Crosstex International,
Inc. (“Crosstex”) for the benefit of an Italian company that
manufactured certain extruding equipment for Crosstex and such letter of credit
is secured by such equipment (the “Crosstex L/C”).  The Borrower has represented to the
Administrative Agent and the Lender that the Crosstex L/C automatically reduces
by 100,000 Euro each month upon payment of each of six equal monthly
installments and shall terminate on or before January 31, 2007. As of the date
hereof, the Crosstex L/C has a balance of 300,000 Euro (approximately
$382,410).

Sections 6.1(d) and 6.2(c)(ii) of the Credit
Agreement (the “Applicable Covenants”) prohibit purchase money liens and
debt in connection therewith in excess of $500,000 at any one time
outstanding.  Therefore, the Loan Parties
acknowledge that an Event of Default (the “Acknowledged Default”) may
have existed under the Credit Agreement for so long as the Crosstex L/C balance
was in excess of $500,000, as a result of the failure of the Loan Parties to
comply with the Applicable Covenants.

Based on the foregoing representation and
subject to the other terms and conditions contained herein, the Required
Lenders hereby agree to waive the Acknowledged Defaults caused by the Crosstex
L/C during any and all periods that such Acknowledged Default existed.

The above waiver is a one time waiver and shall not be construed to be
a waiver as to future compliance with the Applicable Covenants or a waiver of
any other Default or Event of Default that may exist.  Nothing contained herein shall be deemed to
constitute a waiver of any other rights or remedies the Administrative Agent or
any Lender may have under the Credit Agreement or any other Loan Document or
under applicable law.  The Credit
Agreement shall remain in full force and effect according to its terms.

[Remainder
of Page Intentionally Left Blank]

This letter may be executed in any number of
counterparts, each of which shall constitute an original, but all of which when
taken together shall constitute but one contract.  This letter shall be governed by and
construed in accordance with the laws of the State of New York.

	
  

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A.,

  
	
   

  	
  as Administrative Agent and as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jana L.
  Baker

  
	
   

  	
  Name:

  	
  Jana L. Baker

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  WELLS FARGO BANK, NATIONAL ASSOCIATION,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kenneth
  E. LaChance

  	
   

  
	
   

  	
  Name:

  	
  Kenneth E. LaChance

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PNC BANK, NATIONAL ASSOCIATION,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Patricia
  D. Georges

  	
   

  
	
   

  	
  Name:

  	
  Patricia D. Georges

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
						

 

The
above waiver is acknowledged and

agreed to as of the date first above written:

CANTEL MEDICAL CORP.,

as Borrower

	
  By: 

  	
  /s/ James P.
  Reilly

  	
   

  
	
  Name:

  	
  James P. Reilly

  	
   

  
	
  Title:

  	
  President and CEO

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Craig A.
  Sheldon

  	
   

  
	
  Name:

  	
  Craig A. Sheldon

  	
   

  
	
  Title:

  	
  Senior VP and CFO

  	
   

  
	
   

  	
   

  	
   

  
	
  MINNTECH CORPORATION,

  	
   

  	
   

  
	
  as Guarantor

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/ Roy K.
  Malkin

  	
   

  
	
  Name:

  	
  Roy K. Malkin

  	
   

  
	
  Title:

  	
  President and CEO

  	
   

  
	
   

  	
   

  	
   

  
	
  MAR COR PURIFICATION, INC.

  	
   

  	
   

  
	
  as Guarantor

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/ Andrew G.
  Stitzinger

  	
   

  
	
  Name:

  	
  Andrew G. Stitzinger

  	
   

  
	
  Title:

  	
  VP Finance, Service and Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
  CROSSTEX INTERNATIONAL, INC.

  	
   

  	
   

  
	
  as Guarantor

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/ Gary D.
  Steinberg

  	
   

  
	
  Name:

  	
  Gary D. Steinberg

  	
   

  
	
  Title:

  	
  Executive VP and Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
  BIOLAB EQUIPMENT ATLANTIC, LTD.

  	
   

  	
   

  
	
  as Guarantor

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/ Craig A.
  Sheldon

  	
   

  
	
  Name:

  	
  Craig A. Sheldon

  	
   

  
	
  Title:

  	
  SecretaryEXHIBIT
10(b)

SECOND AMENDMENT
TO CREDIT AGREEMENT

THIS
SECOND AMENDMENT TO CREDIT AGREEMENT, dated as of November 17, 2006 (this “Agreement”),
is entered into among Cantel Medical Corp., a Delaware corporation (the “Borrower”),
the Guarantors party to the Subsidiary Guaranty, the Lenders party hereto and
Bank of America, N.A., as Administrative Agent (in such capacity, the “Administrative
Agent”).  Capitalized terms used
herein and not otherwise defined shall have the meanings ascribed thereto in
the Credit Agreement (as defined below).

RECITALS

A.            The Borrower, the Lenders and the
Administrative Agent entered into that certain Amended and Restated Credit
Agreement, dated as of August 1, 2005 (as previously amended or modified, the “Credit
Agreement”).

B.            The
parties hereto have agreed to amend the Credit Agreement as provided herein.

C.            In consideration of the agreements
hereinafter set forth, and for other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties hereto agree
as follows.

AGREEMENT

1.             Amendments.

(a)           Section 6.2.  Section 6.2(c)(i) is amended to read as
follows:

(b)           In the case of the
Borrower and any of its Subsidiaries:

(i)            (A) Debt secured by Liens
permitted by Section 6.1(d) not to exceed in the aggregate $500,000
at any time outstanding, (B) Capitalized Leases, collectively not to
exceed in the aggregate $250,000 at any time outstanding, (C) Operating
Leases and (D) Debt existing on the Closing Date and described on Schedule 4.19;
and

2.             Effectiveness; Conditions
Precedent.  This Agreement shall be
effective as of the date hereof when all of the conditions set forth in this
Section 2 shall have been satisfied in form and substance satisfactory to the
Administrative Agent.

(a)           Execution and Delivery of
Agreement.  The Administrative Agent
shall have received copies of this Agreement duly executed by the Borrower, the
Guarantors, the Required Lenders and the Administrative Agent.

(b)           Fees and Expenses.  Payment by the Borrower of all fees and expenses
owed by the Borrower to the Administrative Agent.

3.             Ratification of Credit Agreement.  The Loan Parties acknowledge and consent to
the terms set forth herein and agree that this Agreement does not impair,
reduce or limit any of their obligations under the Loan Documents and all of
which are hereby ratified and confirmed.

4.             Authority/Enforceability.  Each of the Loan Parties represents and
warrants as follows:

(a)           It has taken all necessary action to
authorize the execution, delivery and performance of this Agreement.

(b)           This Agreement has been duly executed
and delivered by such Person and constitutes such Person’s legal, valid and
binding obligations, enforceable in accordance with its terms, except as such
enforceability may be subject to (i) Federal Bankruptcy Code or any similar debtor relief laws and
(ii) general principles of equity (regardless of whether such enforceability is
considered in a proceeding at law or in equity).

(c)           No consent, approval, authorization
or order of, or filing, registration or qualification with, any court or
governmental authority or third party is required in connection with the
execution, delivery or performance by such Person of this Agreement.

(d)           The execution and delivery of this
Agreement does not (i) violate, contravene or conflict with any provision of
its, or its Subsidiaries’ organization documents (e.g., articles of
incorporation and bylaws) or (ii) materially violate, contravene or conflict
with any laws applicable to it or any of its Subsidiaries.

5.             Representations and Warranties
of the Loan Parties.  The Loan
Parties represent and warrant to the Lenders that (a) the representations and warranties contained
in each Loan Document are correct in all material respects on and as of the
date hereof, as though made on and as of the date hereof, other than any such
representations or warranties that, by their terms, refer to a specific date
other than the date hereof, in which case, such representations and warranties
are correct in all material respects as of such specific date, and  (b) no event has occurred and is continuing which
constitutes a Default.

6.             Release.  In 
consideration of the Lenders entering into this Agreement, the Loan
Parties hereby release the Administrative Agent, the Lenders and the Administrative
Agent’s and the Lenders’ respective officers, employees, representatives,
agents, counsel and directors from any and all actions, causes of action,
claims, demands, damages and liabilities of whatever kind or nature, in law or
in equity, now known or unknown, suspected or unsuspected to the extent that
any of the foregoing arises from any action or failure to act solely in
connection with the Loan Documents on or prior to the date hereof.

7.             Counterparts/Telecopy.  This Agreement may be executed in any number
of counterparts, each of which when so executed and delivered shall be an
original, but all of which shall constitute one and the same instrument.  Delivery of executed counterparts of this
Agreement by telecopy shall be effective as an original.

8.             GOVERNING LAW.  THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS
OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK.

[remainder of page
intentionally left blank]

 2
 

IN
WITNESS WHEREOF, the parties hereto have caused
this Agreement to be duly executed as of the date first above written.

	
  BORROWER:

  	
   

  	
   

  
	
   

  	
  CANTEL MEDICAL CORP.,

  	
   

  
	
   

  	
  as Borrower

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ James P.
  Reilly

  	
   

  
	
   

  	
  Name:

  	
  James P. Reilly

  	
   

  
	
   

  	
  Title:

  	
  President and CEO

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Craig A.
  Sheldon

  	
   

  
	
   

  	
  Name:

  	
  Craig A. Sheldon

  	
   

  
	
   

  	
  Title: 

  	
  Senior VP & CFO

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  GUARANTORS:

  	
   

  	
   

  
	
   

  	
  MINNTECH CORPORATION,

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kevin B. Finkle

  	
   

  
	
   

  	
  Name:

  	
  Kevin B. Finkle

  	
   

  
	
   

  	
  Title:

  	
  VP, Finance
  & Administration; Treasurer &

  	
   

  
	
   

  	
   

  	
  Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  MAR COR PURIFICATION, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Andrew G. Stitzinger

  	
   

  
	
   

  	
  Name:

  	
  Andrew G.
  Stitzinger

  	
   

  
	
   

  	
  Title:

  	
  VP Finance,
  Service and Secretary

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CROSSTEX INTERNATIONAL, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gary D. Steinberg

  	
   

  
	
   

  	
  Name:

  	
  Gary D.
  Steinberg

  	
   

  
	
   

  	
  Title:

  	
  Executive VP
  & Secretary

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  BIOLAB EQUIPMENT ATLANTIC, LTD.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Craig A. Sheldon

  	
   

  
	
   

  	
  Name:

  	
  Craig A. Sheldon

  	
   

  
	
   

  	
  Title:

  	
  Senior VP &
  CFO

  	
   

  
						

 

 3
 

 

	
  ADMINSTRATIVE

  	
   

  	
   

  
	
  AGENT &
  LENDERS:

  	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A.,

  	
   

  
	
   

  	
  as Administrative Agent,

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Matthew
  C. Correia

  	
   

  
	
   

  	
  Name:

  	
  Matthew C. Correia

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A.,

  	
   

  
	
   

  	
  as Issuing Bank,

  	
   

  
	
   

  	
  as Swing Line
  Bank and as a Lender

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Jana L.
  Baker

  	
   

  
	
   

  	
  Name:

  	
  Jana L. Baker

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  WELLS FARGO BANK, NATIONAL ASSOCIATION,

  
	
   

  	
  as a Lender

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Kenneth
  E. LaChance

  	
   

  
	
   

  	
  Name:

  	
  Kenneth E. LaChance

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  PNC BANK, NATIONAL
  ASSOCIATION,

  	
   

  
	
   

  	
  as a Lender

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Patricia
  D. Georges

  	
   

  
	
   

  	
  Name:

  	
  Patricia D. Georges

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
							

 

 4

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