Document:

EX-10.2

 Exhibit 10.2 

LINCOLN ELECTRIC HOLDINGS, INC. 

2006 EQUITY AND PERFORMANCE INCENTIVE PLAN 

Amendment to Restricted Stock Unit Agreements 

RECITALS 
 WHEREAS,
Lincoln Electric Holdings, Inc. (the “Company”) has entered into a Restricted Stock Unit Agreements (the “Agreements”), evidencing the grants of Restricted Stock Units (“RSUs”) under the Company’s 2006 Equity and
Performance Incentive Plan (the “Plan”), to the Grantees and on the Dates of Grant set forth on the attached Exhibit A; 

WHEREAS, the Company desires change the provision for vesting on retirement in the Agreements; and 

WHEREAS, the Compensation and Executive Development Committee of the Board of Directors approved the form of the Amendment to the Agreements
on December 16, 2013 (the “Effective Date”); 
 AMENDMENT 

NOW, THEREFORE, Section 6(b) of the Agreements is hereby amended, as of the Effective Date, to read in its entirety as follows: 

“(b) If the Grantee terminates employment with the Company and any Subsidiary after the Grantee’s normal retirement date (as
determined under The Lincoln Electric Company Retirement Annuity Program, whether or not the Grantee participates in that program) (“Retirement”), but prior to the vesting provided in Section 4 hereof, only a pro rata portion of the
RSUs granted hereby, based on the Grantee’s length of employment during the five-year vesting period shall immediately vest; provided, however that 
  

	 	(i)	If the Retirement occurs prior to July 1 of the last year of the performance cycle referenced in Section 4(b) above, the remaining portion of the RSUs will forfeited upon such Retirement; and

  

	 	(ii)	If the Retirement occurs on or after July 1 of the last year of the performance cycle referenced in Section 4(b) above, the remaining portion of the RSUs will continue to vest as if the Grantee had remained
employed by the Company or a Subsidiary and shall become nonforfeitable if the Committee timely determines, pursuant to Section 4(b) above, that each of the Management Objectives incorporated in the incentive program described in
Section 4(b) above has been achieved at 100% or more of targets. However, if, during the period of time described in Section 4(b) above, the Committee determines that each of the Management Objectives incorporated in the incentive program
described in Section 4(b) above has not been achieved at 100% or more of targets, the remaining portion of the RSUs will be forfeited on the date of such Committee determination.” 

 Executed in the name of and on behalf of the Company on the
         day of             2013. 
  

			
	LINCOLN ELECTRIC HOLDINGS, INC
		
	By:	 	 
		 	[Name]
		 	[Title]

 EXHIBIT A 
  

			
	 Grantees
	  	 Date of GrantEX-10.1

 Exhibit 10.1 

SECOND AMENDMENT TO CREDIT AGREEMENT 

THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) dated as of December 17, 2013 to the Credit Agreement
referred to below is among PIKE CORPORATION, a North Carolina corporation (the “Borrower”), the GUARANTORS from time to time parties to the Credit Agreement referred to below (the “Guarantors”), the LENDERS from
time to time parties to the Credit Agreement referred to below (the “Lenders”), and REGIONS BANK, in its capacity as Administrative Agent (in such capacity, the “Administrative Agent”). 

WITNESSETH 
 WHEREAS, a
$275,000,000 revolving credit facility has been established in favor of the Borrower pursuant to that certain Credit Agreement dated as of August 24, 2011 (as amended by that certain First Amendment to Credit Agreement and Limited Consent dated
as of November 4, 2013, and as further amended, modified and supplemented from time to time, the “Credit Agreement”) among the Borrower, the Guarantors, the Lenders and the Administrative Agent; 

WHEREAS, the parties hereto desire to amend the Credit Agreement as the parties hereunder deem appropriate upon the terms and conditions
hereinafter set forth; 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
by the parties hereto, the parties hereto hereby agree as follows: 
 1. Defined Terms. Capitalized terms used herein but not defined
herein shall have the meanings assigned to such terms in the Credit Agreement. 
 2. Amendments to the Credit Agreement. 

(a) The fourth line of Section 3.2(b) of the Credit Agreement is hereby amended by deleting the words
“regarding capital requirements” and inserting in lieu thereof the words “regarding capital or liquidity requirements”. 

(b) Section 8.12 of the Credit Agreement is hereby amended by deleting such section in its entirety and inserting
the following in lieu thereof: 
 Section 8.12 Leverage Ratio. As of the end of each fiscal quarter, the Leverage Ratio
at the end of the Test Period then ending will be not greater than that shown below: 
  

					
	 Fiscal Quarters Ending
	  	Leverage
Ratio	 
	 Amendment Closing Date through June 29, 2014
	  	 	4.00:1.00	  
	 June 30, 2014 through September 29, 2014
	  	 	3.75:1.00	  
	 September 30, 2014 and thereafter
	  	 	3.50:1.00	  

 3. Conditions Precedent. This Amendment shall be effective upon satisfaction of each of the following
conditions precedent: 
 (a) receipt by the Administrative Agent of this Amendment executed by the Administrative Agent, the
Borrower, the Guarantors and the Required Lenders; 

  
 1 

 (b) payment of all fees and expenses related to this Amendment, including the
reasonable fees and expenses of counsel for the Administrative Agent; and 
 (c) all representations and warranties in
Section 4 of this Amendment are true and correct in all material respects. 
 4. Representations and Warranties; No Default.

 (a) Each Credit Party represents and warrants that (i) the representations and warranties set forth in the Credit
Documents are true and correct in all material respects on and as of the date hereof, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties were true and
correct in all material respects on and as of such earlier date, and (ii) no Default or Event of Default exists immediately before or immediately after giving effect to this Amendment. 

(b) The Borrower represents and warrants that (i) it has the right and power, and has taken all necessary action, to
authorize the execution and delivery of this Amendment and to perform its obligations under this Amendment and the Credit Agreement, as amended by this Amendment, in accordance with their respective terms, and (ii) this Amendment has been duly
executed and delivered by its duly authorized officer and each of this Amendment and the Credit Agreement, as amended by this Amendment, is a legal, valid and binding obligation of it enforceable against it in accordance with the terms of the
respective documents, except as (A) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors rights generally, and (B) the availability of equitable remedies may be limited by equitable
principles of general applicability. 
 5. Reaffirmation of Obligations. Each Credit Party (a) acknowledges and consents to this
Amendment, (b) affirms all of its obligations under the Credit Documents, and (c) agrees that this Amendment does not reduce nor discharge its obligations under the Credit Documents. 

6. Reaffirmation of Security Interests. Each Credit Party (a) affirms that the Liens granted in or pursuant to the Credit
Documents are valid and subsisting, and (b) agrees that this Amendment shall not in any manner impair or otherwise adversely affect any of the Liens granted in or pursuant to the Credit Documents. 

7. Effect. Except as expressly herein amended, the terms and conditions of the Credit Agreement and the other Credit Documents remain
unchanged and in full force and effect. This Amendment is not intended to effect, nor shall it be construed as, a novation of the Credit Agreement or any other Credit Document. The Credit Agreement and this Amendment shall be construed together as a
single agreement. The amendments contained herein shall be deemed to have prospective application only, unless otherwise specifically stated herein. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided
herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Credit Documents, nor constitute a waiver of any provision of any of the Credit Documents. 

8. Benefits. This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors
and assigns. 
 9. Counterparts; Delivery. This Amendment may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed an original and it shall not be necessary in making proof of this Amendment to produce or account for more than one such counterpart. Delivery of an executed counterpart of this Amendment by facsimile,
electronic mail or other electronic imaging means shall be effective as an original. 

  
 2 

 10. Governing Law. This Amendment shall be deemed to be a contract made under, and for all
purposes shall be construed in accordance with, the laws of the State of North Carolina. 
 [Signature Pages Follow] 

  
 3 

 IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to be
duly executed and delivered under seal as of the date first above written. 
  

							
	BORROWER:
	
	 PIKE CORPORATION,
 a North Carolina
corporation

				
	By:	 	 	 	  /s/ Anthony K. Slater	 	(SEAL)

 
					
	Name:	 	  Anthony K. Slater	 	
	Title:	 	  EVP and Chief Financial Officer	 	

 
							
	
	GUARANTORS:
	
	 PIKE ENTERPRISES, INC.,
 a North
Carolina corporation

				
	By:	 	 	 	  /s/ Anthony K. Slater	 	(SEAL)

 
					
	Name:	 	  Anthony K. Slater	 	
	Title:	 	  EVP and Chief Financial Officer	 	

 
							
	
	 PIKE ELECTRIC, LLC,
 a North
Carolina limited liability company

				
	By:	 	 	 	  /s/ James T. Benfield	 	(SEAL)

 
					
	Name:	 	  James T. Benfield	 	
	Title:	 	  President	 	

 
							
	
	 PIKE ENERGY SOLUTIONS, LLC,
 a North
Carolina limited liability company

				
	By:	 	 	 	  /s/ John S. Thompson	 	(SEAL)

 
					
	Name:	 	  John S. Thompson	 	
	Title:	 	  President	 	

 
							
	
	 PIKE ENERGY SOLUTIONS, INC.,
 a
California corporation

				
	By:	 	 	 	  /s/ John S. Thompson	 	(SEAL)

 
					
	Name:	 	  John S. Thompson	 	
	Title:	 	  President	 	

 
							
	
	 KLONDYKE CONSTRUCTION LLC,
 an
Arizona limited liability company

				
	By:	 	 	 	  /s/ Steven M. McClain	 	(SEAL)

 
					
	Name:	 	  Steven M. McClain	 	
	Title:	 	  President	 	

  
 Signature Page to First
Amendment 
 Page 1 of 4 

 
					
	 ELEMENTAL ENERGY, INC.,

	 an Arizona corporation

 

	 By:
	 	        /s/ Steven M. McClain
	 	(SEAL)

 
					
	 Name:
	 	  Steven M. McClain	 	
	 Title:
	 	  President	 	

  

					
	 PIKE TANZANIA, LLC,

	 a North Carolina limited liability company

 

	 By:
	 	        /s/ Anthony K. Slater
	 	(SEAL)

 
					
	 Name:
	 	  Anthony K. Slater	 	
	 Title:
	 	  Vice President	 	

  

					
	 PINE VALLEY POWER, INC.,

	 a Utah corporation

 

	 By:
	 	        /s/ Michael B. Horan
	 	(SEAL)

 
					
	 Name:
	 	  Michael B. Horan	 	
	 Title:
	 	  President	 	

  

					
	PIKE EQUIPMENT AND SUPPLY COMPANY, LLC,
	 a North Carolina limited liability company

 

	 By:
	 	        /s/ J. Clifford Edwards
	 	(SEAL)

 
					
	 Name:
	 	  J. Clifford Edwards	 	
	 Title:
	 	  President	 	

  

					
	 SYNERGETIC DESIGN HOLDINGS, INC.,

	 a Delaware corporation

 

	 By:
	 	        /s/ Anthony K. Slater
	 	(SEAL)

 
					
	 Name:
	 	  Anthony K. Slater	 	
	 Title:
	 	  Executive Vice President	 	

  

					
	 UC SYNERGETIC, INC.,

	 a South Carolina corporation

 

	 By:
	 	        /s/ John S. Thompson
	 	(SEAL)

 
					
	 Name:
	 	  John S. Thompson	 	
	 Title:
	 	  President	 	

  
 Signature Page to Second
Amendment 
 Page 2 of 4 

					
	ADMINISTRATIVE AGENT:
	
	REGIONS BANK, in its capacity as the Administrative Agent and the Collateral Agent
			
	By:	 	 	 	  /s/ Paul Stephen Phillippi

 
			
	Name:	 	  Paul Stephen Phillippi
	Title:	 	  Senior Vice President

 
					
	
	LENDERS:
	
	REGIONS BANK, in its capacity as a Lender
			
	By:	 	 	 	  /s/ Paul Stephen Phillippi

 
			
	Name:	 	  Paul Stephen Phillippi
	Title:	 	  Senior Vice President

 
					
	
	FIRST TENNESSEE BANK, N.A.
			
	By:	 	 	 	  /s/ Alex K. Turner

 
			
	Name:	 	  Alex K. Turner
	Title:	 	  SVP

 
					
	
	SUNTRUST BANK
			
	By:	 	 	 	  /s/ Robert S. Cashion

 
			
	Name:	 	  Robert S. Cashion
	Title:	 	  Director

 
					
	
	COMPASS BANK
			
	By:	 	 	 	  /s/ W. Brad Davis

 
			
	Name:	 	  W. Brad Davis
	Title:	 	  SVP

 
					
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
			
	By:	 	 	 	  /s/ R. Alan Proctor

 
			
	Name:	 	  R. Alan Proctor
	Title:	 	  SVP

  
 Signature Page to Second
Amendment 
 Page 3 of 4 

 
					
	BANK OF AMERICA, NATIONAL ASSOCIATION
			
	 By:
	 	 	 	  /s/ Alan Stephens

 
			
	 Name:
	 	  Alan Stephens
	 Title:
	 	  Senior Vice President

  

					
	 JPMORGAN CHASE BANK, N.A.

			
	 By:
	 	 	 	  /s/ Antje B. Focke

 
			
	 Name:
	 	  Antje B. Focke
	 Title:
	 	  Senior Underwriter

  

					
	 BRANCH BANKING AND TRUST COMPANY

			
	 By:
	 	 	 	  /s/ E.F. Hawke

 
			
	 Name:
	 	  E.F. Hawke
	 Title:
	 	  Senior Vice President

  

					
	 PNC BANK, NA

			
	 By:
	 	 	 	  /s/ Matthew M. Springman

 
			
	 Name:
	 	  Matthew M. Springman
	 Title:
	 	  Executive Vice President

  

					
	 ATLANTIC CAPITAL BANK

			
	 By:
	 	 	 	  /s/ J. Christopher Deisley

 
			
	 Name:
	 	  J. Christopher Deisley
	 Title:
	 	  Senior Vice President

  
 Signature Page to Second
Amendment 
 Page 4 of 4

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