Document:

EX-10.1

 Exhibit 10.1 
 FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 
 FIRST
AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, dated as of January 6, 2012 and effective as of the First Amendment Effective Date (as defined below) (this “Amendment”), among API TECHNOLOGIES CORP., a Delaware corporation
(the “Borrower”), MORGAN STANLEY SENIOR FUNDING, INC., as Administrative Agent under the Credit Agreement referred to below (in such capacity, the “Administrative Agent”), and the Lenders (as defined below) party
hereto. 
 WHEREAS, the Borrower, Morgan Stanley Senior Funding, Inc., as Administrative Agent, and the lenders from time to
time party thereto (the “Lenders”) have entered into that certain Amended and Restated Credit Agreement, dated as of June 27, 2011 (as amended or otherwise modified from time to time prior to the date hereof, the
“Credit Agreement”). 
 WHEREAS, the parties hereto wish to amend the terms of the Credit Agreement as set
forth herein. 
 THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Defined Terms.
Capitalized terms used herein and not otherwise defined herein have the meanings assigned to them in the Credit Agreement. 

SECTION 2. Amendment to Credit Agreement. Effective as of the First Amendment Effective Date (as defined below), the Credit
Agreement is hereby amended as follows: (a) the following new subclause (xii) is in inserted after subclause (xi) of clause (A) of the definition of “Consolidated EBITDA”: “and (xii) solely for the Test Period
ended November 30, 2011 (and not any subsequent Test Periods) and solely for the purpose of determining compliance with Sections 10.07, 10.08, and 10.09 as demonstrated in the calculations set forth in certificates delivered pursuant to
Section 9.01(e) of the Credit Agreement, pro forma projected synergies and cost savings related to the Acquisition in the amount of $2,300,000 for the Fiscal Quarter ended August 31, 2011 and $2,300,000 for the Fiscal Quarter ended
November 30, 2011,”; (b) upon the receipt by the Borrower or any Subsidiary of Net Sale Proceeds from a Sale Leaseback of any real property, an amount equal to 100% of such Net Sale Proceeds shall promptly be applied as a mandatory
prepayment in accordance with Sections 5.02(h) and 5.02(i); and (c) solely for the Test Period ended November 30, 2011, for the purpose of calculating the Interest Coverage Ratio pursuant to Section 10.08 of the Credit Agreement,
Consolidated EBITDA shall be determined on a Pro Forma Basis in accordance with clause (iii) of the definition of “Pro Forma Basis” in the Credit Agreement. 

 SECTION 3. Representations and Warranties. To induce the other parties hereto to
enter into this Amendment, the Borrower represents and warrants to each other party hereto that, as of the date hereof: 
 (a) this Amendment has been duly authorized, executed and delivered by it and each of this Amendment and the Credit Agreement, as amended hereby, constitute its legal, valid and binding obligation,
enforceable against it in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws of general applicability relating to or limiting creditors’
rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law; and 
 (b) after giving effect to this Amendment and the transactions contemplated hereby, no Default or Event of Default has occurred and is continuing. 

SECTION 4. Effectiveness. Upon satisfaction the following condition, the parties hereto agree that this Amendment shall be deemed
effective as of November 30, 2011 (the “First Amendment Effective Date”): 
 (i) The
Administrative Agent shall have received duly executed counterparts hereof that, when taken together, bear the signatures of the Borrower and Lenders constituting Required Lenders. 

SECTION 5. Effect of Amendment. (a) Except as expressly set forth herein (including, for the avoidance of doubt,
Section 4 hereof, which is intended to make the amendments set forth in Section 2 hereof effective as of the First Amendment Effective Date), this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or
otherwise affect the rights and remedies of the Lenders or the Agents under the Credit Agreement or any other Credit Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements
contained in the Credit Agreement or any other provision of the Credit Agreement or of any other Credit Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect as amended hereby. Nothing herein
shall be deemed to entitle the Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document in
similar or different circumstances. 
 (b) On and after the First Amendment Effective Date, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each reference to the Credit Agreement in any other Credit Document shall be deemed a reference to the Credit
Agreement as amended hereby. This Amendment shall constitute a “Credit Document” for all purposes of the Credit Agreement and the other Credit Documents. 
 SECTION 6. Affirmation. By executing and delivering a counterpart hereof, the Borrower hereby agrees that all Loans shall be guaranteed and secured pursuant to and in accordance with the terms and
provisions of each of the U.S. Guaranty and Collateral Agreement and the Canadian Guaranty and Collateral Agreement and the other Security Documents in accordance with the terms and provisions thereof. 

  
 -2-

 SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 SECTION 8. Counterparts. This Amendment may be executed in one
or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by facsimile or other electronic imaging means of an executed counterpart of a signature page to this
Amendment shall be effective as delivery of an original executed counterpart of this Amendment. 
 SECTION 9. Headings.
Section headings herein are included for convenience of reference only and shall not affect the interpretation of this Amendment. 
 [Remainder of page intentionally blank.] 

  
 -3-

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

			
	API TECHNOLOGIES CORP.
		
	By 	 	/s/    Brian Kahn
		 	Name: Brian Kahn
		 	Title:   Chairman/CEO

  

			
	 MORGAN STANLEY SENIOR FUNDING, INC.,
 as Administrative Agent

		
	By 	 	/s/    Nicholas Romis
		 	Name: Nicholas Romis
		 	Title:   Vice President

  

			
	 MORGAN STANLEY BANK, N.A.,
 as Lender for the Revolver

		
	By 	 	/s/    Scott Taylor
		 	Name: Scott Taylor
		 	Title:   Authorized Signatory

  

			
	 ORPHEUS FUNDING LCC

By: Guggenheim Investment Management, LLC
 as
Manager

  

			
	By 	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  

			
	 SANDS POINT FUNDING LTD.
 By: Guggenheim Investment Management, LLC
 as Collateral
Manager

  

			
	By 	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  
 [Signature
Page to First Amendment to Amended and Restated Credit Agreement] 

 
			
	 KENNECOTT FUNDING LTD.
 By: Guggenheim Investment Management, LLC
 as Collateral
Manager

  

			
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  

			
	 COPPER RIVER CLO LTD.
 By: Guggenheim Investment Management, LLC
 as Collateral
Manager

  

			
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

 

			
	 5180 CLO LP
 By:
Guggenheim Investment Management, LLC
 as Collateral Manager

 

			
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  

			
	 GUGGENHEIM HIGH-YIELD LOAN PLUS MASTER FUND SPC, on behalf of and for the account of the HIGH-YIELD LOAN PLUS MASTER
SEGREGATED PORTFOLIO
 By: Guggenheim Investment Management, LLC
 as Manager

  

			
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  
 [Signature
Page to First Amendment to Amended and Restated Credit Agreement] 

 
			
	 ABITIBIBOWATER FIXED INCOME MASTER TRUST FUND
 By: Guggenheim Investment Management, LLC
 as Investment
Manager

  

			
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  

			
	 THE ABITIBIBOWATER INC. US MASTER TRUST for DEFINED BENEFIT PLUS
 By: Guggenheim Investment Management, LLC
 as Investment
Manager

  

			
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  

			
	 NZCG FUNDING LTD.

By: Guggenheim Investment Management, LLC
 as
Collateral Manager

  

			
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  

			
	 NYLIAC SEPARATE ACCOUNT 70_A01
 By: Guggenheim Partners Asset Management, LLC
 as Investment
Manager

  

			
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  
 [Signature
Page to First Amendment to Amended and Restated Credit Agreement] 

 
			
	 GUGGENHEIM LIFE AND ANNUITY COMPANY
 By: Guggenheim Partners Asset Management, LLC
 as Investment
Manager

  

			
	By 	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  

			
	 CLAYMORE/GUGGENHEIM STRATEGIC OPPORTUNITIES FUND
 By: Guggenheim Partners Asset Management, LLC
 as Investment
Manager

  

			
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  

			
	 INTEL CORPORATION PROFIT SHARING RETIREMENT PLAN
 By: Guggenheim Partners Asset Management, LLC
 as Investment
Manager

  

			
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  

			
	 PRINCIPAL FUND, INC. – GLOBAL DIVERSIFIED INCOME FUND
 By: Guggenheim Investment Management, LLC
 as
Sub-Adviser

  

			
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  
 [Signature
Page to First Amendment to Amended and Restated Credit Agreement] 

 
			
	 MIDLAND NATIONAL LIFE INSURANCE COMPANY – ANNUITY
 By: Guggenheim Partners Asset Management, LLC
 as Investment Manager

		
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  

			
	 GUGGENHEIM BUILD AMERICA BONDS MANAGED DURATION TRUST
 By: Guggenheim Partners Asset Management, LLC
 as Investment
Manager

  

			
	 By 
	 	/s/    Michael Damaso
		 	Name: Michael Damaso
		 	Title:   Senior Managing Director

  

			
	GMP DIVERSIFIED ALPHA MASTER FUND, LTD.
		
	 By 
	 	/s/    Paul Liebovitz
		 	Name: Paul Liebovitz
		 	Title:   COO & Managing Partner

  

			
	HORIZON CREDIT OPPORTUNITIES MASTER FUND
		
	 By 
	 	/s/    David Kingsley
		 	Name: David Kingsley
		 	Title:   Senior Portfolio Manager

  

			
	VIRTUS MULTI-SECTOR SHORT TERM BOND FUND
		
	 By 
	 	/s/    Kyle Jennings
		 	Name: Kyle Jennings
		 	Title:   Managing Director

  
 [Signature
Page to First Amendment to Amended and Restated Credit Agreement] 

 
			
	VIRTUS MULTI-SECTOR FIXED INCOME FUND
		
	 By 
	 	/s/    Kyle Jennings
		 	Name: Kyle Jennings
		 	Title:   Managing Director

  

			
	VIRTUS SENIOR FLOATING RATE FUND
		
	 By 
	 	/s/    Kyle Jennings
		 	Name: Kyle Jennings
		 	Title:   Managing Director

  

			
	MAIN STREET CAPITAL CORPORATION
		
	 By 
	 	/s/    Rodger Stout
		 	Name: Rodger Stout
		 	Title:   Senior Vice President

  

			
	 GENERAL ELECTRIC PENSION TRUST
 By: GE Capital Debt Advisors LLC,
 as Investment
Advisor

  

			
	 By 
	 	/s/    John Campos
		 	Name: John Campos
		 	Title:   Authorized Signatory

  

			
	GE CAPITAL FINANCIAL INC.
		
	 By 
	 	/s/    Stephen F. Schroppe
		 	Name: Stephen F. Schroppe
		 	Title:   Duly Authorized Signatory

  
 [Signature
Page to First Amendment to Amended and Restated Credit Agreement] 

 
			
	CARLYLE GLOBAL MARKET STRATEGIES CLO 2011-1, LTD.
		
	 By 
	 	/s/    Linda Pace
		 	Name: Linda Pace
		 	Title:   Managing Director

  

			
	CARLYLE HIGH YIELD PARTNERS VII, LTD.
		
	 By 
	 	/s/    Linda Pace
		 	Name: Linda Pace
		 	Title:   Managing Director

  

			
	CARLYLE HIGH YIELD PARTNERS IX, LTD.
		
	 By 
	 	/s/    Linda Pace
		 	Name: Linda Pace
		 	Title:   Managing Director

  

			
	CARLYLE ARNAGE CLO, LTD.
		
	 By 
	 	/s/    Linda Pace
		 	Name: Linda Pace
		 	Title:   Managing Director

  

			
	CARLYLE AZURE CLO, LTD.
		
	 By 
	 	/s/    Linda Pace
		 	Name: Linda Pace
		 	Title:   Managing Director

  

			
	CARLYLE BRISTOL CLO, LTD.
		
	 By 
	 	/s/    Linda Pace
		 	Name: Linda Pace
		 	Title:   Managing Director

  
 [Signature
Page to First Amendment to Amended and Restated Credit Agreement] 

 
			
	CARLYLE MCLAREN CLO, LTD.
		
	 By 
	 	/s/    Linda Pace
		 	Name: Linda Pace
		 	Title:   Managing Director

  

			
	CARLYLE VANTAGE CLO, LTD.
		
	 By 
	 	/s/    Linda Pace
		 	Name: Linda Pace
		 	Title:   Managing Director

  

			
	CARLYLE VEYRON CLO, LTD.
		
	 By 
	 	/s/    Linda Pace
		 	Name: Linda Pace
		 	Title:   Managing Director

  

			
	MOUNTAIN CAPITAL CLO IV, LTD.
		
	 By 
	 	/s/    Linda Pace
		 	Name: Linda Pace
		 	Title:   Managing Director

  

			
	MOUNTAIN CAPITAL CLO V, LTD.
		
	 By 
	 	/s/    Linda Pace
		 	Name: Linda Pace
		 	Title:   Managing Director

  

			
	MOUNTAIN CAPITAL CLO VI, LTD.
		
	 By 
	 	/s/    Linda Pace
		 	Name: Linda Pace
		 	Title:   Managing Director

  
 [Signature
Page to First Amendment to Amended and Restated Credit Agreement] 

 
			
	GOLDEN KNIGHT II CLO, LTD.
		
	 By 
	 	/s/    Joel Serebransky
		 	Name: Joel Serebransky
		 	Title:   Portfolio Manager

  

			
	LORD ABBETT INVESTMENT TRUST – LORD ABBETT FLOATING RATE FUND
		
	 By 
	 	/s/    Joel Serebransky
		 	Name: Joel Serebransky
		 	Title:   Portfolio Manager

  

			
	 BENTHAM WHOLESALE SYNDICATED LOAN FUND
 By: Credit Suisse Asset Management, LLC,
 as Agent (Sub-adviser) to Challenger Investment Services
Limited, the Responsible Entity for Bentham Wholesale Syndicated Loan Fund

  

			
	 By 
	 	/s/    Louis Farano
		 	Name: Louis Farano
		 	Title:   Authorized Signatory

  

			
	 ARIZONA STATE RETIREMENT SYSTEM
 By: Credit Suisse Asset Management, LLC,
 as its investment
manager

  

			
	 By 
	 	/s/    Louis Farano
		 	Name: Louis Farano
		 	Title:   Authorized Signatory

  

			
	 CREDIT SUISSE HIGH INCOME FUND
 By: Credit Suisse Asset Management, LLC,
 as its investment
adviser

  

			
	 By 
	 	/s/    Louis Farano
		 	Name: Louis Farano
		 	Title:   Authorized Signatory

  
 [Signature
Page to First Amendment to Amended and Restated Credit Agreement] 

 
			
	 MADISON PARK FUNDING III, LTD.
 By: Credit Suisse Asset Management, LLC,
 as collateral
manager

  

			
	 By 
	 	/s/    Louis Farano
		 	Name: Louis Farano
		 	Title:   Authorized Signatory

  

			
	 MADISON PARK FUNDING II, LTD.
 By: Credit Suisse Asset Management, LLC,
 as collateral
manager

  

			
	 By 
	 	/s/    Louis Farano
		 	Name: Louis Farano
		 	Title:   Authorized Signatory

  

			
	 MADISON PARK FUNDING VII, LTD.
 By: Credit Suisse Asset Management, LLC,
 as portfolio
manager

  

			
	 By 
	 	/s/    Louis Farano
		 	Name: Louis Farano
		 	Title:   Authorized Signatory

  

			
	 BA/CSCREDIT 1 LLC

By: Credit Suisse Asset Management, LLC,
 as its
investment manager

  

			
	 By 
	 	/s/    Louis Farano
		 	Name: Louis Farano
		 	Title:   Authorized Signatory

  

			
	 CREDIT SUISSE DOLLAR SENIOR LOAN FUND, LTD.
 By: Credit Suisse Asset Management, LLC,
 as investment
manager

  

			
	 By 
	 	/s/    Louis Farano
		 	Name: Louis Farano
		 	Title:   Authorized Signatory

  
 [Signature
Page to First Amendment to Amended and Restated Credit Agreement]Form of Option Award Agreement

 Exhibit 10.2 
 ROBBINS & MYERS, INC. 
 OPTION AWARD AGREEMENT 

This OPTION AWARD AGREEMENT (“Agreement”) is entered into as of the Award Date set forth below between ROBBINS &
MYERS, INC., an Ohio corporation (the “Company”), and Employee listed in Section 1.1. 
 A. The
Company from time to time grants to employees Options to purchase Common Shares of the Company (“Common Shares”) as Awards under the Company’s 2004 Stock Incentive Plan As Amended (the “Plan”), a copy of which
has been provided to Employee and is incorporated herein by this reference; 
 B. For the purpose of encouraging Employee to
acquire a proprietary interest in the Company through stock ownership, to continue in the service of the Company and its Subsidiaries, and to render superior performance during the period of employment, the Compensation Committee (the
“Committee”) of the Board of Directors (the “Board”) of the Company has determined that an Option should be granted under the Plan to Employee; and 

C. Any capitalized term used herein that is not defined herein shall have the meaning ascribed to it in the Plan. 

NOW, THEREFORE, THE COMPANY AND EMPLOYEE INTENDING TO BE LEGALLY BOUND HEREBY AGREE AS FOLLOWS: 

SECTION 1. GRANT AND EXERCISE OF OPTION. 
 1.1 Grant of Option. 
 The Company hereby grants to Employee an
Option under the Plan to purchase Common Shares as follows: 
  

					
	Employee: 	 	 	 	
	 Number of Common Shares

    subject to Option: 
	 	 	 	
	Option exercise price per share 	 	 	 	
	 Date of Grant of Option (also referred to
     as “Award Date”) 
	 	 	 	
	Plan Name:	 	2004 Stock Incentive Plan As Amended	 	
	Type of Option:	 	Nonqualified Stock Option	 	
	Date Option becomes exercisable:	 	All shares become exercisable on the third annual anniversary date of the Award Date.	 	
	Term of Option (“Term”):	 	Ten years	 	
	Expiration Date of Option: 	 	 	 	

  
  

 1.2 Conditions Relating to Exercise of Option. 

The Option may not be exercised after Employee’s employment with the Company has terminated except that the Option may during its Term be exercised
(i) within 30 days after Employee’s employment with the Company ceases, if the cause of cessation of employment was other than retirement, Disability, death or termination of employment by the Company for Gross Misconduct; (ii) within
one year of cessation of employment in the case of Early Retirement; and (iii) within three years of cessation of employment in the case of Normal Retirement, death or Disability. After termination of employment on account of Disability, death,
Early Retirement, or Normal Retirement , the Option may be exercised in full; in all other cases, the Option may be exercised only to the extent it could have been exercised on the date of Employee’s termination of employment. Whether
authorized leave of absence or absence for military or governmental service shall constitute a termination of employment or other service shall be determined by the Committee. 
 1.3 Exercise of Option.  
 (a) Notice of
Exercise. The Option may be exercised in whole or in part by written notice in the form required by the Company, together with payment of the aggregate exercise price therefor. 
 (b) Payment of Option Exercise Price. Payment of the exercise price may be made as follows: (i) in cash, (ii) payment in Common Shares that have been held by Employee for at
least six months by actual delivery of such Common Shares to the Company or in accordance with the attestation procedure at Section 6.7 of the Plan, valued at the Fair Market Value of such shares on the date of exercise, (iii) by a
delivery of a notice in the form acceptable to the Committee that Employee has placed a market sell order (or similar instruction) with a broker with respect to Common Shares then issuable upon exercise of the Option, and that the broker has been
directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the exercise price (conditioned upon the payment of such net proceeds), or (iv) by a combination of the methods described above. 

(c) Payment of Applicable Taxes.  

No shares shall be delivered upon exercise of the Option until any taxes payable with respect to the exercise of the Option have been withheld by the
Company or paid by Employee. Employee may use Common Shares to pay the Company all or any part of the mandatory federal, state or local withholding tax payments at the time of exercise of the Option by following any of the methods of payment set
forth in Section 1.3(b) for use in connection with payment of the exercise price of the Option. 
 (d) Change of Control. In
the event of a Change of Control of the Company, the Option, to the extent it is not exercisable, shall become fully exercisable and vested on the date the Change of Control is deemed to have occurred. 

  
 2 

 SECTION 2. RESTRICTIONS ON TRANSFER. 
 Except as provided in Section 12.2 of the Plan, the Option shall not be assigned, transferred, pledged, or otherwise encumbered by Employee, otherwise than by will or by the laws of descent and
distribution, or be made subject to execution, attachment or similar process. Except as provided in Section 12.2 of the Plan, the Option shall be exercisable during Employee’s lifetime only by Employee or, if permissible under applicable
law, by Employee’s guardian or legal representative. 
 SECTION 3. REPRESENTATIONS OF EMPLOYEE. 

 Employee hereby represents to the Company that Employee has read and understands the provisions of this Agreement and the Plan, and
Employee acknowledges that Employee is relying solely on his or her own advisors with respect to the tax consequences of exercising an Option. 

SECTION 4. NOTICES. 
 All notices
or communications under this Agreement shall be in writing, addressed as follows: 
  

			
	To the Company:	  	 Robbins & Myers, Inc.
 51 Plum Street, Suite 260
 Dayton, Ohio 45440

Attention: Vice President, Human Resources

		
	To Employee:	  	At the last residence address of Employee on file with the Company.

 Any such notice or communication shall be (a) delivered by hand (with written confirmation of receipt) or sent by a
nationally recognized overnight delivery service (receipt requested), (b) be sent certified or registered mail, return receipt requested, postage prepaid, addressed as above (or to such other address as such party may designate in writing from
time to time), or (c) be given electronically, if receipt is confirmed electronically to the sender within 24 hours and the actual date of receipt shall determine the time at which notice was given. 

SECTION 5. DEFINITIONS. 
 (a)
“Change of Control” means and shall be deemed to have occurred on (i) the date upon which the Company is provided a copy of a Schedule 13D, filed pursuant to Section 13(d) of the Securities Exchange Act of 1934 indicating
that a group or person, as defined in Rule 13d-3 under said Act, has become the beneficial owner of 20% or more of the outstanding Voting Shares or the date upon which the Company first learns that a person or group has become the beneficial owner
of 20% or more of the outstanding Voting Shares if a Schedule 13D is not filed; (ii) the date of a change in the composition of the Board such that individuals who were members of the Board on the date two years prior to such change (or who
were subsequently elected to fill a vacancy in the Board, or were subsequently nominated for election by the Company’s shareholders, by the affirmative vote of at least two-thirds of the directors then still

  
 3 

 
in office who were directors at the beginning of such two year period) no longer constitute a majority of the Board; (iii) the date of the consummation of a merger or consolidation of the
Company with any other corporation, other than a merger or consolidation which would result in the Voting Shares of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into
Voting Shares of the surviving entity) at least 50% of the total voting power represented by the Voting Shares of the Company or such surviving entity outstanding immediately after such merger or consolidation; or (iv) the date shareholders of
the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or substantially all the Company’s assets. 
 (b) “Company” means Robbins & Myers, Inc., an Ohio corporation, and when used with reference to employment of Employee, Company includes any Subsidiary of the Company.

 (c) “Fair Market Value” means the closing price of a Common Share on the date when the value of a Common Share is to be
determined, as reported on the New York Stock Exchange-Composite Transactions Tape; or, if no sale of Common Shares is reported on such date, then the next preceding date on which a sale occurred; or if the Common Shares are no longer listed on such
exchange, the determination of such value shall be made by the Committee in accordance with applicable provisions of the Code and related regulations promulgated under the Code. 
 (d) “Gross Misconduct” means engaging in any act or acts involving conduct which violates Company policy or is illegal and which results, directly or indirectly, in personal gain to the
individual involved at the expense of the Company or a Subsidiary. 
 (e) “Nonqualified Stock Option” means an Option that is
not an Incentive Stock Option, as defined in Section 422 of the Internal Revenue Code. 
 SECTION 6. PLAN CONTROLLING; CLAWBACK
POLICY. 
 The Award is subject to all of the terms and conditions of the Plan. In the event of a conflict between the Plan and this
Agreement, the provisions of the Plan shall control. The Robbins & Myers, Inc. Compensation Clawback Policy dated October 5, 2010 is hereby incorporated by reference. 
 SECTION 7. GOVERNING LAW.  
 This Agreement and its validity,
interpretation, performance and enforcement shall be governed by the laws of the State of Ohio other than the conflict of laws provisions of such laws. 
 SECTION 8. SEVERABILITY. 
 Whenever possible, each provision in this Agreement shall
be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be held to be prohibited by or invalid under applicable law, then (a) such provision shall be deemed amended to
accomplish the objectives of the provision as originally written to the fullest extent 

  
 4 

 
permitted by law and (b) all other provisions of this Agreement shall remain in full force and effect. 
 SECTION 9. STRICT CONSTRUCTION. 
 No rule of strict construction shall be implied
against the Company, the Committee or any other person in the interpretation of any of the terms of the Plan, this Agreement or any rule or procedure established by the Committee. 
 IN WITNESS WHEREOF, the Company and Employee have duly executed this Agreement as of the Award Date. 
  

			
	ROBBINS & MYERS, INC.
		
	By:	 	 
	Name: Peter C. Wallace
	Title: President and Chief Executive Officer
	
	EMPLOYEE
	
	 
	Name:

  
 5

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