Document:

Exhibit 4.19

 

FIRST AMENDMENT AND CONSENT

to

SECOND AMENDED AND RESTATED CREDIT
AGREEMENT

 

This
FIRST AMENDMENT AND CONSENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT
(the “Amendment”), effective as of the 21st day of December, 2004, by
and among THERMADYNE INDUSTRIES, INC., a Delaware corporation (“Industries”),
THERMAL DYNAMICS CORPORATION, a Delaware corporation (“Dynamics”), TWECO
PRODUCTS, INC., a Delaware corporation (“Tweco”), VICTOR EQUIPMENT
COMPANY, a Delaware corporation (“Victor”), C & G SYSTEMS, INC.,
an Illinois corporation (“C & G”), STOODY COMPANY, a Delaware
corporation (“Stoody”), THERMAL ARC, INC., a Delaware corporation (“Thermal
Arc”), PROTIP CORPORATION, a Missouri corporation (“ProTip”), THERMADYNE
INTERNATIONAL CORP., a Delaware corporation (“International”, and
collectively with ProTip, Thermal Arc, Stoody, C & G, Victor, Tweco,
Dynamics and Industries, the “Borrowers”), the other persons designated
as Credit Parties on the signature pages hereof, GENERAL ELECTRIC CAPITAL
CORPORATION, a Delaware corporation (“Agent”) and the Persons signatory
thereto from time to time as Lenders. 
Unless otherwise specified herein, capitalized terms used in this
Amendment shall have the meanings ascribed to them in Annex A to
the Credit Agreement and the Intercreditor Agreement (each as hereinafter
defined).

 

RECITALS

 

WHEREAS, the Borrowers, the Credit Parties, Agent and
Lenders have entered into that certain Second Amended and Restated Credit
Agreement dated as of November 22, 2004 (as further amended, supplemented,
restated or otherwise modified from time to time, the “Credit Agreement”
); and

 

WHEREAS, the Borrowers and Agent have agreed to
certain amendments and a consent as set forth herein.

 

NOW THEREFORE, in consideration of the mutual execution
hereof and other good and valuable consideration, the parties hereto agree as
follows:

 

1.             Consent.  Pursuant to Section 6.2(n)
of the Credit Agreement, Agent hereby consents to a one time investment by the
Credit Parties in an aggregate amount not to exceed $2,000,000 in a Chinese
Co-Operative Joint Venture Enterprise with Ningbo Longxing Group Corporation
Limited known in English as “Ningbo Fulida Gas Equipment Co., Ltd” (the “Chinese
Joint Venture”).  Upon making such
investment, Credit Parties shall promptly provide written notice to Agent of
the amount invested in the Chinese Joint Venture.

 

2.             Amendment
to Section 6.2. Section 6.2 of
the Credit Agreement is hereby amended to (i) insert the word “and”
immediately prior to clause (q), (ii) delete the word “and” at the end of
clause (q) and insert a period in its place, and (iii) delete clause (r)
in its entirety.

 

 

3.             Amendment to Section 6.8(f).  Section 6.8(f) of the Credit
Agreement is hereby amended and restated in its entirety to read as follows:

 

“(f) the sale or
other disposition of other Equipment and Fixtures having a book value not
exceeding $250,000 in the aggregate in any Fiscal Year and $500,000 in the
aggregate, and”

 

4.             Supplement to Schedule 3.8.  Schedule 3.8 of the Credit Agreement is
supplemented to add information as provided on Schedule 3.8
attached hereto.

 

5.             Representations
and Warranties of Credit Parties. 
The Credit Parties represent and warrant that:

 

(a)               the
execution, delivery and performance by the Credit Parties of this Amendment
have been duly authorized by all necessary corporate action required on its
part and this Amendment is a legal, valid and binding obligation of the Credit
Parties enforceable against the Credit Parties in accordance with its terms
except as the enforcement thereof may be subject to (i) the effect of any
applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting creditors’ rights generally and (ii) general principles of
equity (regardless of whether enforcement is sought in a proceeding in equity
or at law); and

 

(b)              after
giving effect to this Amendment, each of the representations and warranties
contained in the Credit Agreement is true and correct in all material respects
on and as of the date hereof as if made on the date hereof, except to the
extent that such representations and warranties expressly relate to an earlier
date.

 

6.             Conditions To
Effectiveness.  This Amendment shall
be effective upon the following (all in form and substance satisfactory to
Agent):

 

(a)             execution
and delivery of this Amendment by the Requisite Lenders and the Credit Parties;

 

(b)             payment
in full of all fees, costs and expenses, including an amendment fee equal to
$5,000, and the reasonable fees, costs and expenses of counsel or other advisors
for advice, assistance, or other representation in connection with this
Amendment, as provided in Section 11.3(a) of the Credit
Agreement; and

 

(c)             the
Agent shall have received a copy of a fully executed and delivered amendment,
in form and substance reasonably satisfactory to Agent, to that certain Second
Lien Credit Agreement, dated as of July 29, 2004, by and among the
Borrowers, Credit Suisse First Boston and the other Persons signatory thereto.

 

7.             Reference To And
Effect Upon The Credit Agreement.

 

(a)               The
Credit Agreement and the other Loan Documents shall remain in full force and
effect, as amended hereby, and are hereby ratified and confirmed.

 

 

(b)              The
execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of Agent or any Lender under the Credit
Agreement or any Loan Document, nor constitute a waiver or amendment of any
provision of the Credit Agreement or any Loan Document, except as specifically
set forth herein.  Upon the effectiveness
of this Amendment, each reference in the Credit Agreement to “this Credit
Agreement,” “hereunder,”  “hereof,” “herein”
or words of similar import shall mean and be a reference to the Credit
Agreement as amended hereby.

 

8.             Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AS OPPOSED TO CONFLICTS OF LAWS
PROVISIONS) OF THE STATE OF NEW YORK.

 

9.             Headings.  Section headings in this Amendment are
included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purposes.

 

10.           Counterparts.  This Amendment may be executed in any number
of counterparts, each of which when so executed shall be deemed an original,
but all such counterparts shall constitute one and the same instrument.

 

11.           Reaffirmation of
Guaranties.  The Credit Parties
signatory hereto hereby reaffirm their Guaranties of the Obligations, taking
into account the provisions of this Amendment.

 

[Signature pages follow]

 

 

IN WITNESS WHEREOF, the parties hereto have executed
and delivered this Amendment as of the date first written above.

 

	
   

  	
  LENDER:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GENERAL
  ELECTRIC CAPITAL

  	
   

  
	
   

  	
  CORPORATION,

  	
   

  
	
   

  	
  as Agent and
  Lender

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  \s\ Dennis Cloud

  	
   

  
	
   

  	
   

  	
     Duly
  Authorized Signatory

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CREDIT PARTIES:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  THERMADYNE
  INDUSTRIES, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  THERMAL
  DYNAMICS CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TWECO
  PRODUCTS, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  VICTOR
  EQUIPMENT COMPANY

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
											

 

 

	
   

  	
  C &
  G SYSTEMS, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  STOODY
  COMPANY

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  THERMAL
  ARC, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  THERMADYNE
  INTERNATIONAL CORP.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  PROTIP
  CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  THERMADYNE
  HOLDINGS CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  MECO
  HOLDING COMPANY

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
												

 

 

	
   

  	
  C&G
  SYSTEMS HOLDING, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  THERMADYNE
  AUSTRALIA PTY LTD.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  DUXTECH
  PTY LTD.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CIGWELD
  PTY LTD.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  QUETALA
  PTY. LTD.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  QUETACK
  PTY. LTD.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  THERMADYNE
  INDUSTRIES LIMITED

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Michael E. Mahoney

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Michael E.
  Mahoney

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Director

  	
   

  
												

 

 

	
   

  	
  THERMADYNE
  WELDING PRODUCTS CANADA LIMITED

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
							

 

 

SCHEDULE 3.8

 

SUPPLEMENT TO SCHEDULE 3.8

 

to

 

CREDIT AGREEMENT

 

	
  Legal Name

  	
   

  	
  Jurisdiction of

  Organization

  	
   

  	
  # of Authorized

  Shares by Class

  	
   

  	
  # of

  Outstanding

  Shares by

  Class

  	
   

  	
  % Ownership of Outstanding

  Shares

  	
   

  
	
  Ningbo Fulida Gas
  Equipment Co., Ltd (an equity joint venture)

  	
   

  	
  People’s Republic of
  China

  	
   

  	
  n/a

  	
   

  	
  n/a

  	
   

  	
  50% by Thermadyne
  Holdings CorporationExhibit
4.20

 

EXECUTION COPY

 

AMENDMENT NO. 3 AND CONSENT (this “Amendment”) dated as of January 3,
2005, to the Second Lien Credit Agreement dated as of July 29, 2004, among
THERMADYNE INDUSTRIES, INC., a Delaware corporation (“Industries”),
THERMAL DYNAMICS CORPORATION, a Delaware corporation (“Dynamics”),
TWECO PRODUCTS, INC., a Delaware corporation (“Tweco”),
VICTOR EQUIPMENT COMPANY, a Delaware corporation (“Victor”),
C & G SYSTEMS, INC., an Illinois corporation (“C
& G”), STOODY COMPANY, a Delaware corporation (“Stoody”), THERMAL ARC, INC., a
Delaware corporation (“Thermal Arc”),
PROTIP CORPORATION, a Missouri corporation (“ProTip”),
and THERMADYNE INTERNATIONAL CORP., a Delaware corporation (“International” and, together with
ProTip, Thermal Arc, Stoody, C & G, Victor, Tweco, Dynamics and Industries,
the “Borrowers”), the Guarantors party
thereto, the Lenders from time to time party thereto and CREDIT SUISSE FIRST
BOSTON, as administrative agent (in such capacity, the “Administrative
Agent”) and collateral agent (in such capacity, the “Collateral Agent”) (as amended by
Amendment No. 1 and Agreement effective as of September 30, 2004 and by
Amendment No. 2 and Joinder Agreement dated as of November 22, 2004, and
as further amended, supplemented or modified, the “Credit
Agreement”).

 

A.                                   Pursuant to the Credit Agreement, the Lenders
have extended credit to the Borrowers.

 

B.                                     The Borrowers have informed the
Administrative Agent that they intend to make a one time investment in an
aggregate amount not to exceed $2,000,000 in a Chinese Co-Operative Joint
Venture Enterprise with Ningbo Longxing Group Corporation Limited known in
English as “Ningbo Fulida Gas Equipment Co., Ltd” (the “Chinese
Joint Venture”).

 

C.                                     The Borrowers have requested that the
Administrative Agent consent to the investment in the Chinese Joint Venture.  The Borrowers have further requested that the
Required Lenders make certain other amendments to the Credit Agreement as set
forth herein.

 

D.                                    Capitalized terms used but not defined herein
shall have the meanings assigned to them in the Credit Agreement.

 

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

 

SECTION 1.  Consent.  Pursuant
to 6.02(n) of the Credit Agreement, the Administrative Agent hereby consents to
the investment in the Chinese Joint Venture on substantially the terms
described above.

 

 

SECTION 2.  Amendment.  Section 6.08 of the Credit Agreement is
hereby amended by (i) amending and
restating clause (f) thereof in its entirety to read as follows: “(f) the sale
or other disposition of other Equipment and Fixtures having a book value not
exceeding $250,000 in the aggregate in any Fiscal Year and $500,000 in the
aggregate; and”; (ii) amending and restating clause (g) thereof in its entirety
to read as follows: “(g) as permitted in Section 6.02(k).”; and (iii) deleting
clause (h) thereof in its entirety.

 

SECTION 3.  Representations
and Warranties.  To induce the
other parties hereto to enter into this Amendment, the Credit Parties represent
and warrant to each of the Lenders, the Administrative Agent and the Collateral
Agent, that, after giving effect to this Amendment, (a) the
representations and warranties set forth in Article III of the Credit
Agreement are true and correct in all material respects on and as of the date
hereof, except to the extent such representations and warranties expressly
relate to an earlier date, and (b) no Default or Event of Default has
occurred and is continuing.

 

SECTION 4.  Effectiveness.  This Amendment shall become effective as of
the date set forth above on the date that the Administrative Agent (or its
counsel) shall have received:

 

(a)                                  counterparts of this Amendment that, when
taken together, bear the signatures of the Credit Parties and the Required
Lenders;

 

(b)                                 a consent fee in an amount equal to $5,000;
and

 

(c)                                  a copy of a fully executed and delivered consent
and amendment, in form and substance reasonably satisfactory to the
Administrative Agent, to the First Lien Credit Agreement.

 

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

 

SECTION 6.  Counterparts.  This Amendment may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which when so executed and delivered shall be deemed an original, but all
such counterparts together shall

 

2

 

constitute but one and
the same contract.  Delivery of an
executed counterpart of a signature page of this Amendment by facsimile
transmission shall be as effective as delivery of a manually executed
counterpart hereof.

 

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

 

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

 

SECTION 9.  Expenses.  The Borrowers agree to reimburse the
Administrative Agent for all out-of-pocket expenses in connection with this
Amendment, including the reasonable fees, charges and disbursements of Cravath,
Swaine & Moore LLP, counsel for the Administrative Agent.

 

SECTION 10.  Reaffirmation.  Each of the Guarantors hereby acknowledges
receipt and notice of, and consents to the terms of, this Amendment, and
affirms and confirms its guarantee of the Obligations and, if applicable, the
pledge of and/or grant of a security interest in its assets as Collateral to
secure the Obligations, all as provided in the Collateral Documents as
originally executed, and acknowledges and agrees that such guarantee, pledge
and/or grant of security interest continue in full force and effect in respect
of, and to secure, the Obligations under the Credit Agreement, as amended
hereby, and the other Loan Documents.

 

[Remainder of this page intentionally left
blank]

 

3

 

IN WITNESS WHEREOF, each of
the parties hereto has caused this Amendment to be executed and delivered by
its duly authorized officer as of the date first set forth above.

 

	
   

  	
  THERMADYNE
  INDUSTRIES, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  THERMAL
  DYNAMICS CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TWECO
  PRODUCTS, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  VICTOR
  EQUIPMENT COMPANY

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  C &
  G SYSTEMS, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  STOODY
  COMPANY

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
											

 

 

	
   

  	
  THERMAL
  ARC, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  PROTIP
  CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THERMADYNE
  INTERNATIONAL CORP.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  THERMADYNE
  HOLDINGS CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  MECO
  HOLDING COMPANY

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  C&G
  SYSTEMS HOLDING, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CIGWELD
  PTY LTD.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
											

 

 

	
   

  	
  DUXTECH
  PTY LTD.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  QUETACK
  PTY. LTD.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  QUETALA
  PTY. LTD.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  THERMADYNE
  AUSTRALIA PTY LTD.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THERMADYNE
  INDUSTRIES LIMITED

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Michael E. Mahoney

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Michael E.
  Mahoney

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Director

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THERMADYNE
  WELDING PRODUCTS CANADA LIMITED

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  \s\ Patricia S. Williams

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Patricia S.
  Williams

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Vice President
  Secretary and General

  	
   

  
	
   

  	
   

  	
   

  	
  Counsel

  	
   

  
												

 

 

	
   

  	
  CREDIT SUISSE FIRST BOSTON, acting

  through its Cayman Islands Branch,

  individually and as Administrative Agent

  and Collateral Agent,

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
   

  	
  \s\ Joseph
  Adipietro

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Joseph
  Adipietro

  
	
   

  	
   

  	
   

  	
  Title:
  Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
   

  	
  \s\ Joshua
  Parrish

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Joshua
  Parrish

  
	
   

  	
   

  	
   

  	
  Title:
  Associate

  

 

 

	
   

  	
  SIGNATURE PAGE
  TO AMENDMENT NO. 3

  AND CONSENT TO THE THERMADYNE

  SECOND LIEN CREDIT AGREEMENT DATED

  AS OF JULY 29, 2004

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name of
  Financial Institution:

  	
  CSFB Credit
  Opportunities Fund (Employee) LP

  	
   

  
	
   

  	
   

  	
  CSFB Credit
  Opportunities Fund (Helios) LP

  	
   

  
	
   

  	
   

  
	
   

  	
  by

  	
   

  
	
   

  	
   

  	
    /s/ Joseph Russell

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Joseph
  Russell

  
	
   

  	
   

  	
  Title:

  	
  Managing
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  by

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}]]