Document:

LETTER AGREEMENT

 Exhibit 10.8 
 January 8, 2007 
 Greens Worldwide Incorporated 
 346 Woodland Church Road 
 Hertford, North Carolina 29744 
 Attn: William A. Conwell 
 Re: Waiver of Defaults under Securities Purchase Agreement 
 Dear Bill: 
 Reference is made to that certain Securities
Purchase Agreement dated as of October 17, 2006 among Greens Worldwide Incorporated (the “Company), Shelter Island Opportunity Fund, LLC (“Shelter Island”) and Topwater Investment Management LLC (“Topwater” and together
with Shelter Island, the “Purchasers”) (as at any time amended, the “Purchase Agreement”). 
 Purchasers hereby waive any
and all defaults by the Company under the Purchase Agreement and any other certificate, agreement, document or other instrument relating to the Purchase Agreement (collectively, the “Related Agreements”) in existence on the date hereof.
Except as otherwise provided in this letter, in no event shall such waiver be deemed to constitute a waiver of the Company’s obligation to comply with all of the terms and conditions of the Purchase Agreement and Related Agreements from and
after the date hereof. In consideration for this waiver, the face value of the Term Note issued to Shelter Island in the Purchase Agreement shall be amended and increased to $840,000, and the face value of the Term Note issued to Topwater in the
Purchase Agreement shall be amended and increased to $560,000. Notwithstanding any prior terms of any contracts between the parties, any and all amounts due and payable under the Purchase Agreement and the Related Agreements, including the amended
Term Notes, shall be due on or before February 8, 2007. 
 This letter may be executed in any number of counterparts, each of which
shall be deemed to be an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. 
 [SIGNATURE PAGE TO FOLLOW] 

 January 8, 2007 
 Page 2

  

					
	Sincerely,
	
	SHELTER ISLAND OPPORTUNITY FUND, LLC
		
	 By:
	 	Shelter Island GP, LLC, [Manager]
			
		 	By:	 	 /s/    Randall P. Stern

		 		 	    Randall P. Stern, President
	
	TOPWATER INVESTMENT MANAGEMENT LLC
		
	By:	 	 /s/    Travis Taylor

		 	    Travis Taylor, [Manager]

  

					
	 SEEN AND AGREED:

	
	 GREENS WORLDWIDE INCORPORATED

		
	 By:
	 	 /s/    William A. Conwell

		 	     William A. Conwell, President and
     Chief Executive OfficerLETTER AGREEMENT

 Exhibit 10.9 
 February 2, 2007 
 Greens Worldwide Incorporated 
 346 Woodland Church Road 
 Hertford, North Carolina 29744 
 Attn: William A. Conwell 
 Re: Waiver of Defaults under Securities Purchase Agreement 
 Dear Bill: 
 Reference is made to that certain Securities
Purchase Agreement dated as of October 17, 2006 among Greens Worldwide Incorporated (the “Company), Shelter Island Opportunity Fund, LLC (“Shelter Island”) and Topwater Investment Management LLC (“Topwater” and together
with Shelter Island, the “Purchasers”) (as at any time amended, the “Purchase Agreement”). 
 Purchasers hereby waive any
and all defaults by the Company under the Purchase Agreement and any other certificate, agreement, document or other instrument relating to the Purchase Agreement (collectively, the “Related Agreements”) in existence on the date hereof.
Except as otherwise provided in this letter, in no event shall such waiver be deemed to constitute a waiver of the Company’s obligation to comply with all of the terms and conditions of the Purchase Agreement and Related Agreements from and
after the date hereof. Notwithstanding any prior terms of any contracts between the parties, any and all amounts due and payable under the Purchase Agreement and the Related Agreements shall be due on or before February 15, 2007. 
 This letter may be executed in any number of counterparts, each of which shall be deemed to be an original as against any party whose signature appears
thereon, and all of which shall together constitute one and the same instrument. 
 [SIGNATURE PAGE TO FOLLOW] 

 February 2, 2006 
 Page 2

  

					
	Sincerely,
	
	SHELTER ISLAND OPPORTUNITY FUND, LLC
		
	By:	 	Shelter Island GP, LLC, [Manager]
			
		 	By:	 	 /s/    Randall P. Stern

		 		 	    Randall P. Stern, President
	
	TOPWATER INVESTMENT MANAGEMENT LLC
		
	By:	 	 /s/    Travis Taylor

		 	    Travis Taylor, [Manager]

  

					
	SEEN AND AGREED:
	
	GREENS WORLDWIDE INCORPORATED
		
	By:	 	 /s/    William A. Conwell

		 	     William A. Conwell, President and
     Chief Executive OfficerEmploymt. Agmt. Amend. dtd Feb 7,2007, bet. Warner Music Inc. and Alex Zubillaga

 Exhibit 10.1 
 WARNER MUSIC INC. 
 75 Rockefeller Plaza 
 New York, New York 10019 
  

			
		 	 February 7, 2007
 As of January 1,
2007

 Alex Zubillaga 
 c/o Warner Music Group 
 75 Rockefeller Plaza 
 New
York, NY 10019 
 Dear Alex: 
 Please refer to
the employment agreement between Warner Music Inc. (“Company”) and you dated November 4, 2005 (the “Agreement”). 
 This letter, when countersigned, shall constitute our agreement to amend the Agreement as set forth herein. Unless otherwise indicated, capitalized terms shall have the meanings set forth in the Agreement. 
 1. Paragraph 2 of the Agreement is hereby amended to read as follows: “The term of this Agreement shall be August 8, 2005 through
February 28, 2010, unless sooner terminated in accordance herewith (the “Term”).” 
 2. Paragraph 3(a) of the Agreement
is hereby amended to provide that Company shall pay you salary at the rate of $750,000 per annum commencing with the 2007 fiscal year during the Term, subject to such increases as the Board of Directors may in its discretion determine; provided
however that this provision shall not be interpreted to imply any intention of the Company to grant any such increases. 
 3. Paragraph 3(b)
of the Agreement is hereby amended and restated in its entirety to read as follows: 
 “With respect to each fiscal year
of the Term commencing with the 2007 fiscal year, Company shall consider granting to you an annual bonus (or a pro rata portion of such annual bonus for a portion of such year) (the “Annual Bonus”). The amount of each annual bonus shall be
determined by Company at its sole discretion; provided, that, your Target bonus for each fiscal year of the Term shall be $900,000, subject to such increases as the Board of Directors may in its discretion determine; provided however that this
provision shall not be interpreted to imply any intention of the Company to grant any such increases, (or a pro rata portion of such amount for a portion of a year), based on the strength of your performance and on the performance of Company. The
amount of each annual bonus awarded to you may be higher or lower than the Target amount, and shall be determined by Company using criteria consistent with the criteria used in 

 
determining the annual bonuses of other senior corporate executives of Company (i.e., the officers reporting directly to the Chairman and CEO of Company
(other than the Chairman of the US recorded music operations of the Warner Recorded Music Business)).” 
 4. Paragraph 12(e) of the
Agreement is hereby amended and restated in its entirety to read as follows: 
 “(e) “Special Termination
Payments” shall mean (i) the Basic Termination Payments; plus (ii) the greater of (A) the “Severance Amount” (as defined below) and (B) the sum of (I) $750,000 (representing one year of salary) and
(II) $900,000 (representing one year of target bonus), and (III) an amount equal to $900,000 multiplied by a fraction, the numerator of which is the number of days in the period beginning on the first day of the fiscal year
in which your termination occurs and ending on the date of your termination, and the denominator of which is 365.” 
 5. Paragraph 14 of
the Agreement is hereby redesignated Paragraph 15 (with the following paragraphs renumbered accordingly) and the following Paragraph 14 shall be added: 
 “Non-Solicitation: While you are employed by Company and for a period of one year after your employment with Company ends for any reason, you shall not, without the prior written consent of Company,
directly or indirectly, as an employee, agent, consultant, partner, joint venturer, owner, officer, director, or member of any other person, firm, partnership, corporation or other entity, or in any other capacity, (a) solicit, negotiate with,
offer or enter into a recording or other contract with any recording artist (including a duo or a group) or songwriter who at the time is, either directly or through a furnishing entity, under contract to Company or an affiliate of Company or a
label distributed by Company or an affiliate of Company, and (b) solicit any of the Company’s employees to leave their employment.” 
 6. The Agreement is hereby amended to provide that in the event that your employment is terminated by the Company for any reason or is terminated by you for Good Reason, then the Term shall terminate as of the effective date of any such
termination of your employment. 
 Except as expressly amended herein, the terms and provisions of the Agreement shall remain in full force
and effect. 

 If the foregoing correctly sets forth our understanding, please sign below and return this agreement to
Company. 
  

			
	WARNER MUSIC INC.
		
	By:	 	 /s/ Paul M. Robinson

  

	
	Accepted and Agreed:
	
	 /s/ Alex Zubillaga

	Alex ZubillagaSecond Supplemental Indenture

 Exhibit 4.14 
 SECOND SUPPLEMENTAL INDENTURE (the “Second Supplemental Indenture”), dated as of February 7, 2007, by and among RBS Global, Inc., a Delaware corporation (the “Company”),
Rexnord LLC, a Delaware limited liability company (“Rexnord” and, together with RBS Global, the “Issuers”), the existing Guarantors listed on Annex A hereto (the “Existing Guarantors”), the
new Guarantors listed on Annex B hereto (the “New Guarantors” and, together with the Existing Guarantors, the “Guarantors”), and Wells Fargo Bank, National Association, as trustee (the
“Trustee”). 
 WITNESSETH: 
 WHEREAS, the Issuers, the Existing Guarantors and the Trustee are party to that certain Indenture (the
“Indenture”), dated as of July 21, 2006, providing for the issuance of 9 1/2% Senior Notes
due 2014 (the “Notes”), as supplemented by that first supplemental indenture, dated as of July 21, 2006; 
 WHEREAS, Section 4.11 of the Indenture provides that under certain circumstances the Issuers are required to cause the New Guarantors to execute and deliver to the Trustee a supplemental indenture pursuant to which the New
Guarantors shall unconditionally guarantee all the Issuers’ Obligations under the Notes and the Indenture pursuant to a Guarantee on the terms and conditions set forth herein; and 
 WHEREAS, the Issuers and the Guarantors desire to execute and deliver this Second Supplemental Indenture to the Trustee for the purpose of issuing
$310,000,000 in aggregate principal amount of Additional Securities (as defined in the Indenture), having terms substantially identical in all material respects to the Notes; and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee and the Issuers are authorized to execute and deliver this Second
Supplemental Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt of
which is hereby acknowledged, the Issuers, the Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
 SECTION 1. Capitalized Terms. Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture. 

SECTION 2. Guarantees. Each of the New Guarantors hereby agrees, jointly and severally with all other Guarantors, to guarantee the
Issuers’ obligations under the Notes on the terms and subject to the conditions set forth in Article 11 of the Indenture and to be bound by all applicable provisions of the Indenture. 
 SECTION 3. Additional Securities. As of the date hereof, the Issuers will issue, and the Trustee is directed to authenticate and deliver,
$310,000,000 in aggregate principal amount of Additional Securities under the Indenture, having terms substantially identical in all material respects to the Notes, at an issue price of 103% plus accrued interest from February 1, 2007. The
Notes and the Additional Securities shall be treated as a single class for all purposes under the Indenture. 
  

 1 

 SECTION 4. Ratification of Indenture; Supplemental Indenture Part of Indenture. Except as
expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Second Supplemental Indenture shall form a part of the Indenture for
all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 SECTION 5. Governing
Law. THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 6. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or for or in respect of the recitals contained herein, all
of which are made solely by the Issuers and the Guarantors. Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed by the Trustee by reason of this Second
Supplemental Indenture. This Second Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at
length herein and made applicable to the Trustee with respect hereto. In entering into this Second Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the
liability or affording protection to the Trustee, whether or not elsewhere herein so provided. 
 SECTION 7. Counterparts. The parties
may sign any number of copies of this Second Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 SECTION 8. Effect of Headings. The Section headings herein are for convenience only and shall not effect the construction of this Second Supplemental Indenture. 
 [The rest of this page has been intentionally left blank.] 
  

 2 

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

			
	ISSUERS
	
	RBS GLOBAL, INC.
		
	By:	 	 /s/    George C. Moore

	Name:	 	George C. Moore
	Title:	 	Secretary
	
	REXNORD LLC
		
	By:	 	 /s/    George C. Moore

	Name:	 	George C. Moore
	Title:	 	Exec. V.P., Chief Financial Officer and Secretary

 S-1 
 [2014 Notes - Second Supplemental Indenture] 

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

			
	EXISTING GUARANTORS
	THE FALK SERVICE CORPORATION
	PRAGER INCORPORATED
	PT COMPONENTS, INC.
	RBS ACQUISITION CORPORATION
	RBS CHINA HOLDINGS, L.L.C.
	REXNORD INDUSTRIES, LLC
	REXNORD INTERNATIONAL INC.
	W.M. BERG INC.
		
	By:	 	 /s/    George C. Moore

	Name:	 	George C. Moore
	Title:	 	Authorized Officer
	
	NEW GUARANTORS
	JACUZZI BRANDS, INC.
	OEI, INC.
	OEP, INC.
	KRIKLES, INC.
	KRIKLES EUROPE U.S.A. INC.
	KRIKLES CANADA U.S.A. INC.
	ZURCO, INC.
	ZURN (CAYMAN ISLANDS), INC.
	ZURN PEX, INC.
	ENVIRONMENTAL ENERGY COMPANY
	HL CAPITAL CORP.
	ZURNACQ OF CALIFORNIA, INC.
	ZURN CONSTRUCTORS, INC.
	GARY CONCRETE PRODUCTS, INC.
	SANITARY-DASH MANUFACTURING CO., INC.
	ZURN EPC SERVICES, INC.
	ZURN INDUSTRIES, INC.
	USI ATLANTIC CORP.
		
	By:	 	 /s/    Steven Barre

	Name:	 	Steven Barre
	Title:	 	Authorized Officer

 S-2 
 [2014 Notes - Second Supplemental Indenture] 

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

			
	TRUSTEE
	
	 WELLS FARGO BANK, NATIONAL
 ASSOCIATION, as
trustee

		
	By:	 	 /s/    Timothy Mowdy

	Name:	 	Timothy Mowdy
	Title:	 	Authorized Secretary

 S-3 

 Annex A 
 PT Components, Inc., a Delaware corporation 
 RBS Acquisition Corporation, a Delaware corporation 
 Rexnord International Inc., a Delaware corporation 
 W.M. Berg Inc., a
Delaware corporation 
 The Falk Service Corporation, a Delaware corporation 
 RBS China Holdings, L.L.C., a Delaware limited liability company 
 Rexnord Industries, LLC, a Delaware limited liability
company 
 Prager Incorporated, a Louisiana corporation 
  

 2 

 Annex B 
 Jacuzzi Brands, Inc., a Delaware corporation 
 OEI, Inc., a Delaware corporation 
 OEP, Inc., a Delaware corporation 
 Krikles, Inc., a Delaware corporation

 Krikles Europe U.S.A. Inc., a Delaware corporation 
 Krikles
Canada U.S.A. Inc., a Delaware corporation 
 Zurco, Inc., a Delaware corporation 
 Zurn (Cayman Islands), Inc., a Delaware corporation 
 Zurn PEX, Inc., a Delaware corporation 
 USI Atlantic Corp., a Delaware corporation 
 Environmental Energy Company, a
California corporation 
 HL Capital Corp., a California corporation 
 Zurnacq of California, Inc., a California corporation 
 Zurn Constructors, Inc., a California corporation 
 Gary Concrete Products, Inc., a Georgia corporation 
 Sanitary-Dash
Manufacturing Co., Inc., a Connecticut corporation 
 Zurn EPC Services, Inc., Washington 
 Zurn Industries Inc., Pennsylvania 
  

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