Document:

EXHIBIT (4)B

 

 

Number

NCU

Common Stock

Par Value $1.00

[Graphic]

Shares

Incorporated under the
laws of the State of Delaware

[Logo]

CUSIP 278865 10 0

See Reverse for Certain
Definitions

ECOLAB INC.

 

This Certifies that

 

[SPECIMEN]

 

is the owner of Fully Paid
and Non Assessable Shares of the Common Stock of Ecolab Inc. transferable on
the books of the Corporation by the holder hereof in person or by duly
authorized attorney upon surrender of this certificate properly endorsed.  This certificate is not valid unless
countersigned by the Transfer Agent and registered by the Registrar.

 

Witness the facsimile
seal of the Corporation and the facsimile signatures of its duly authorized
officers.

[Seal]

Dated:

 

	
  /s/ A. L. Schuman

  	
   

  
	
  Chairman of the Board

  
	
   

  
	
  /s/ L. T. Bell

  	
   

  
	
  Secretary

  
	
   

  
	
  Countersigned and
  Registered:

  
	
  EquiServe Trust
  Company, N.A.,

  
	
  By

  
	
  Transfer Agent and
  Registrar.

  
	
  Authorized Signature.

  
			

 

 

ECOLAB  INC.

The corporation will furnish, without charge, to each stockholder who
so requests, a printed statement of the powers, designations, preferences and
relative, participating, optional or other special rights of each class of
stock or series thereof which the corporation is authorized to issue and the
qualifications, limitations or restrictions of such preferences and/or
rights.  Requests may be directed to the
Secretary of ECOLAB INC. at its principal office, or the Transfer Agent named
on the face of this certificate.

 

This Certificate also evidences and entitles the holder hereof to
certain Rights as set forth in the Rights Agreement between Ecolab Inc. (the
“Company”) and First Chicago Trust Company of New York (the “Rights Agent”)
dated as of February 24, 1996, as the same may be amended from time to
time (the “Rights Agreement”), the terms of which are hereby incorporated
herein by reference and a copy of which is on file at the principal offices of
the Company. Under certain circumstances, as set forth in the Rights Agreement,
such Rights will be evidenced by separate certificates and will no longer be
evidenced by this certificate. The Company will mail to the holder of this
certificate a copy of the Rights Agreement, as in effect on the date of
mailing, without charge promptly after receipt of a written request therefor.
Under certain circumstances set forth in the Rights Agreement, Rights issued
to, or held by, any Person who is, was or becomes an Acquiring Person or an
Adverse Person or any Affiliate or Associate thereof (as such terms are defined
in the Rights Agreement), whether currently held by or on behalf of such Person
or by any subsequent holder, may become null and void.

 

The following
abbreviations, when used in the inscription on the face of this certificate,
shall be construed as though they were written out in full according to
applicable laws or regulations:

 

	
  TEN COM - as tenants in
  common

  	
   

  	
  UNIF GIFT MIN
  ACT -            
  Custodian            

  
	
  TEN ENT - as tenants by
  the entireties

  	
   

  	
   

  	
  (Cust)                (Minor)

  
	
  JT
  TEN - as joint tenants with right of survivorship and not as tenants in
  common 

  	
   

  	
   

  	
   

  	
  under Uniform Gifts to
  Minors

  Act
           

  (State)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Additional
  abbreviations may also be used though not in the above list.

  
							

 

For value received,
                 
hereby sell, assign and transfer unto

 

	
  Please insert Social
  Security or other identifying number of assignee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Please print or
  typewrite name and address including postal zip code of assignee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Shares of the capital
  stock 

  	 

	
  represented by the
  within  Certificate, and do hereby
  irrevocably constitute 

  	
   

  	 

	
  and appoint

  	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Attorney to transfer
  the said stock on the books of the within-named Corporation with full 

  	 

	
  power of substitution
  in the premises.

  	
   

  	
   

  
							

 

	
  Dated,

  	
   

  	
   

  
	
   

  
	
   

  
	
   

  	
   

  	
   

  
					

 

NOTICE: The signature to
this assignment must correspond with the name as written upon the face of the
Certificate, in every particular, without alteration, or enlargement, or any
change whatever.EXHIBIT
(10)B(iii)

 

AMENDMENT NO. 2

 

to

 

CREDIT AGREEMENT
(364 Day Facility)

 

Dated as of
October 30, 2003

 

This AMENDMENT NO. 2 TO
CREDIT AGREEMENT (“Amendment”), dated as of October 30, 2003, is
entered into by and among Ecolab Inc., a Delaware corporation (the “Borrower”),
the financial institutions party hereto (the “Banks”), and Citicorp USA,
Inc. (“Citicorp”), as administrative agent (the “Agent”) for the
Banks.  Each capitalized term used
herein and not defined herein shall have the meaning ascribed thereto in the
below-defined “Credit Agreement”.

 

PRELIMINARY
STATEMENT

 

The Borrower, the Banks
and the Agent are parties to the Credit Agreement (364 Day Facility) dated as
of December 7, 2001 (as the same may be amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”).  The Borrower, the Banks and the Agent have
agreed to amend the Credit Agreement pursuant to the terms of this Amendment.

 

SECTION 1.  Amendments to the Credit Agreement.  Effective as of the date hereof, subject to
the satisfaction of the condition precedent set forth in Section 2
below, the Credit Agreement is hereby amended as follows:

 

1.1  The definition of “Stated Termination
Date” in Section 1.01 is hereby amended by deleting
“October 30, 2003” and substituting “October 28, 2004” therefor.

 

1.2  Clause (iii)
of Section 9.02(a) is hereby amended and restated in its entirety
as follows:

 

(iii)                               if
to the Agent, at its address at Bank Loan Syndications, Two Penns Way, Suite
200, New Castle, Delaware 19720, Attention: 
Lisa Rodriguez, Telecopier No. 212-994-0961, with a copy to Citicorp
Securities, Inc., 388 Greenwich Street,
New York City, New York  10013,
Attention:  Carolyn Sheridan, Telecopier
No. 212-816-8185;

 

1.3  Section 9.13
is hereby amended to insert the following sentence at the end thereof:

 

Notwithstanding
anything to the contrary set forth herein, each party hereto (and each
officer, director, employee, accountant, attorney, advisor, agent and
representative of each such party) may disclose to any and all Persons, without
limitation of any kind, the U.S. tax treatment and U.S. tax structure of the
transactions evidenced hereby and all materials of any kind (including opinions
and other tax analyses) that are provided to any of them relating to such U.S.
tax treatment and U.S. tax

 

 

structure.

 

1.4  Schedule I is hereby deleted in
its entirety and replaced with Schedule I hereto.

 

1.5  Schedule II is hereby deleted in
its entirety and replaced with Schedule II hereto.

 

SECTION 2.  Condition Precedent.  This Amendment shall become effective and be
deemed effective as of the date hereof (or if such items are not received until
a later date, on such later date) upon the Agent’s receipt of duly executed
originals of this Amendment from the Borrower and each Bank.

 

SECTION 3.  Covenants, Representations and Warranties
of the Borrower.

 

3.1  Upon the effectiveness of this Amendment,
the Borrower hereby reaffirms all covenants, representations and warranties
made by it in the Credit Agreement, as amended hereby, and agrees that all such
covenants, representations and warranties shall be deemed to have been re-made
as of the effective date of this Amendment.

 

3.2  The Borrower hereby represents and warrants
that (i) this Amendment constitutes a legal, valid and binding obligation of
the Borrower, enforceable against the Borrower in accordance with its terms,
except as enforceability thereof may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws relating to or affecting
creditor’s rights generally and by the effect of general principles of equity
and (ii) upon the effectiveness of this Amendment, no Event of Default or
Default shall exist with respect to the Borrower.

 

SECTION 4.  Reference to and Effect on the Credit
Agreement.

 

4.1  Upon the effectiveness of this Amendment,
each reference in the Credit Agreement to “this Agreement”, “hereunder”,
“hereof”, “herein” or words of like import shall mean and be a reference to the
Credit Agreement, as amended hereby, and each reference to the Credit Agreement
in any other document, instrument or agreement executed and/or delivered in
connection with the Credit Agreement shall mean and be a reference to the
Credit Agreement as amended hereby.

 

4.2  Except as specifically amended above, the
Credit Agreement, the Notes and all other documents, instruments and agreements
executed and/or delivered in connection therewith shall remain in full force
and effect and are hereby ratified and confirmed.

 

4.3  The execution, delivery and effectiveness of
this Amendment shall not operate as a waiver of any right, power or remedy of
any party under the Credit Agreement, the Notes or any other document,
instrument or agreement executed in connection therewith, nor constitute a
waiver of any provision contained therein, except as specifically set forth
herein.

 

2

 

SECTION 5.  Execution in 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 to be an original and
all of which taken together shall constitute one and the same instrument.

 

SECTION 6.  Governing Law.  This Amendment shall be governed by, and
construed in accordance with, the laws of the State of New York.

 

SECTION 7.  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 purpose.

 

The remainder of this
page is intentionally blank.

 

3

 

IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be executed by their respective
officers thereunto duly authorized, as of the date first above written.

 

	
   

  	
  ECOLAB INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mark D. Vangsgard

  	
   

  
	
   

  	
   

  	
  Name:  Mark D. Vangsgard

  
	
   

  	
   

  	
  Title:  Vice President and Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
  CITICORP USA, INC., as
  Administrative Agent

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Carolyn A. Sheridan

  	
   

  
	
   

  	
   

  	
  Name:  Carolyn A. Sheridan

  
	
   

  	
   

  	
  Title:  Managing Director & Vice President

  

 

 

	
   

  	
  Banks

  
	
   

  	
   

  	
   

  
	
   

  	
  CITICORP USA, INC.

  
	
   

  	
  By:

  	
  /s/ Carolyn A. Sheridan

  	
   

  
	
   

  	
   

  	
  Name:  Carolyn A. Sheridan

  
	
   

  	
   

  	
  Title:  Managing Director & Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  JPMORGAN CHASE BANK

  
	
   

  	
  By:

  	
  /s/ Stacey L. Haimes

  	
   

  
	
   

  	
   

  	
  Name:  Stacey L. Haimes

  
	
   

  	
   

  	
  Title:  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  CREDIT SUISSE FIRST BOSTON

  
	
   

  	
  Cayman Islands Branch

  
	
   

  	
  By:

  	
  /s/ Karl Studer

  	
   

  
	
   

  	
   

  	
  Name:  Karl Studer

  
	
   

  	
   

  	
  Title:  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Cedric Evard

  	
   

  
	
   

  	
   

  	
  Name:  Cedric Evard

  
	
   

  	
   

  	
  Title:  Assistant Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  BANK ONE, NA (Main Office Chicago)

  
	
   

  	
  By:

  	
  /s/ Jenny A. Gilpin

  	
   

  
	
   

  	
   

  	
  Name:  Jenny A. Gilpin

  
	
   

  	
   

  	
  Title:  Managing Director

  
	
   

  	
   

  	
   

  
	
   

  	
  WELLS FARGO BANK,

  
	
   

  	
  NATIONAL ASSOCIATION

  
	
   

  	
  By:

  	
  /s/ James D. Heinz

  	
   

  
	
   

  	
   

  	
  Name:  James D. Heinz

  
	
   

  	
   

  	
  Title:  Senior Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Allison S. Gelfman

  	
   

  
	
   

  	
   

  	
  Name: Allison S.
  Gelfman

  
	
   

  	
   

  	
  Title:  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  WACHOVIA BANK,

  
	
   

  	
  NATIONAL ASSOCIATION

  
	
   

  	
  By:

  	
  /s/ Steven L. Hipsman

  	
   

  
	
   

  	
   

  	
  Name:  Steven L. Hipsman

  
	
   

  	
   

  	
  Title:  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  BANK OF AMERICA, N.A.

  
	
   

  	
  By:

  	
  /s/ Wendy J. Gorman

  	
   

  
	
   

  	
   

  	
  Name: Wendy J. Gorman

  
	
   

  	
   

  	
  Title: Managing
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  BARCLAYS BANK PLC

  
	
   

  	
  By:

  	
  /s/ Nicholas Bell

  	
   

  
	
   

  	
   

  	
  Name:  Nicholas Bell

  
	
   

  	
   

  	
  Title:  Director

  
											

 

 

SCHEDULE I

 

Applicable Lending
Offices and Notice Addresses

 

CITICORP USA, INC.

 

Notice Address:

 

Citicorp
USA, Inc.

c/o
Citicorp Securities, Inc.

388
Greenwich Street

New
York City, New York 10013

Attn:  Carolyn Sheridan

Telecopier
No.: 212-816-8185

 

Domestic Lending Office
and Eurodollar Lending Office:

 

Citicorp USA, Inc.

Bank Loan Syndications

Two Penns Way, Suite 200

New Castle, Delaware 19720

Attn:  Lisa Rodriguez

Telecopier No.:  212-994-0961

 

JPMORGAN CHASE BANK

 

Notice Address:

 

JPMorgan Chase Bank

227
West Monroe Street, 27th Floor

Chicago,
Illinois  60606

Attn:  Laura Born

Telecopier No.:  312-541-3441

Confirmation
No.: 312-541-3379

E-mail:  
laura  born@jpmorgan.com

 

Domestic Lending Office
and Eurodollar Lending Office:

 

JPMorgan
Chase Bank

1111 Fanin, 10th Floor

Houston, TX  77002

Attn:  Danette Espinoza

Telecopier No.:  713-750-2782

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

Notice Address and
Domestic Lending Office:

 

Wells
Fargo Bank, National Association

Sixth & Marquette – MAC N305-031

Minneapolis, MN 55479

Attn:  Ethel Philips

Telecopier No.:   612-667-4145

and to:  Allison Gelfman

Telecopier No.:  612-667-4145

E-Mail: 
allison.s.gelfman@wellsfargo.com

 

Eurodollar Lending
Office:

 

Wells
Fargo Bank, National Association

Sixth & Marquette – MAC N305-031

Minneapolis, MN 55479

Attn:  Ethel Philips

Telecopier No.:   612-667-4145

and to:  Allison Gelfman

Telecopier No.:  612-667-4145

 

CREDIT SUISSE FIRST BOSTON

 

Notice Address:

 

Eleven Madison Avenue

New York, NY 10010

Attn:  Karl Studer, Corporate Banking

Telecopier: 212-743-1894

E-Mail:  karl.studer@csfb.com

 

Domestic Lending Office
and Eurodollar Lending Office:

 

Credit Suisse First
Boston

One Madison Avenue

New York, New York  10010

Attn:  Ed Markowski

and to:  Hazel Leslie

Telecopier No.:  212-538-6851

(With a copy to the Notice Address)

 

 

BANK ONE, NA

 

Notice Address:

 

Bank One, NA

Suite 0173, 14th Floor

1 Bank One Plaza

Chicago, Illinois  60670-0324

Attn:  Jenny Gilpin

Telecopier No.:  312-732-3888

E-Mail: 
jenny  gilpin@bankone.com

 

Domestic Lending Office
and Eurodollar Lending Office:

 

Bank One, NA

1 Bank One Plaza

Chicago, Illinois  60670

Attn:  Deanna Lee

Telecopier No.:  312-732-4303

 

WACHOVIA BANK, NATIONAL ASSOCIATION

 

Notice Address:

 

Wachovia Bank, N.A.

191 Peachtree Street

Mail Code GA8050

Atlanta, Georgia  30303

Attn:  Steven Hipsman

Ms. Teresa Howard (Operations/Administration)

Telecopier No.:  404-332-4048 (Credit
Matters)

404-332-1118
(Operations/Administration)

E-Mail:  stevenhipsman@wachovia.com

 

Domestic Lending Office
and Eurodollar Lending Office:

 

Wachovia Bank, N.A.

201 South College Street

Attn:  Sharon Gibson

Telecopier No.:  704-715-0094

 

 

BANK OF AMERICA, N.A.

 

Notice Address:

 

Bank of America, N.A.

100 North Tryon Street

Charlotte, North
Carolina  28255-0001

Attn:  Lawrence Saunders

Telecopier No.:  704-386-1447

E-Mail: 
lawrence.saunders@bankofamerica.com

 

With a copy to:

Bank of America, N.A.

335 Madison Avenue, 5th
Floor

New York, New York 10017

Attn:  Colleen Briscoe

Telecopier No.:
212-503-7878

E-Mail:
colleen.m.briscoe@bankofamerica.com

 

Domestic Lending Office
and Eurodollar Lending Office:

 

Bank of America, N.A.

101 North Tryon Street

Charlotte, North
Carolina  28255-0001

Attn:  Curtis Lancy

Telecopier No.:  888-969-9252

 

BARCLAYS BANK PLC

 

Notice Address:

 

Administrative
Matters

Barclays Bank PLC

200 Park Avenue, 4th Floor

New York, New York  10188

Attn:  David Barton

Telecopier No.:  212-412-7511

E-Mail:  Davide.Barton@barcap.com

 

Operations Matters

Barclays Bank PLC

222 Broadway - 7th
Floor

New York, New York 10038

Attn:  Eddie Cotto

Telecopier No:
212-412-5306

E-Mail:
eddie.cotto@barcap.com

 

 

Domestic Lending Office
and Eurodollar Lending Office:

 

Barclays Bank PLC

200 Park Avenue

New York, New York  10188

(Notices to be addressed
as specified above)

 

 

SCHEDULE II

 

Commitments

 

	
  Institution

  	
   

  	
  Commitment

  	
   

  
	
  Citicorp
  USA, Inc.

  	
   

  	
  $

  	
  32,500,000

  	
   

  
	
  JPMorgan
  Chase Bank

  	
   

  	
  $

  	
  32,500,000

  	
   

  
	
  Credit
  Suisse First Boston

  	
   

  	
  $

  	
  30,000,000

  	
   

  
	
  Bank
  One, NA (Main Office Chicago)

  	
   

  	
  $

  	
  20,000,000

  	
   

  
	
  Wells
  Fargo Bank, National Association

  	
   

  	
  $

  	
  20,000,000

  	
   

  
	
  Wachovia
  Bank, N.A.

  	
   

  	
  $

  	
  20,000,000

  	
   

  
	
  Bank
  of America, N.A.

  	
   

  	
  $

  	
  10,000,000

  	
   

  
	
  Barclays
  Bank PLC

  	
   

  	
  $

  	
  10,000,000

  	
   

  
	
  Total

  	
   

  	
  $

  	
  175,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}]]