Document:

Form of Promissory Note

 Exhibit 10.2 
 FORM OF NOTE 
 May [    ], 2008 
 FOR VALUE RECEIVED, the undersigned, Varian Semiconductor Equipment Associates, Inc., a Delaware corporation (the “Borrower”), HEREBY
UNCONDITIONALLY PROMISES TO PAY to the order of [LENDER] (the “Lender”) the aggregate unpaid Dollar Amount of all Loans made by the Lender to the Borrower pursuant to the “Credit Agreement” (as defined below) on the
Maturity Date or on such earlier date as may be required by the terms of the Credit Agreement. Capitalized terms used herein and not otherwise defined herein are as defined in the Credit Agreement. 
 The undersigned Borrower promises to pay interest on the unpaid principal amount of each Loan made to it from the date of such Loan until such principal
amount is paid in full at a rate or rates per annum determined in accordance with the terms of the Credit Agreement. Interest hereunder is due and payable at such times and on such dates as set forth in the Credit Agreement. 
 At the time of each Loan, and upon each payment or prepayment of principal of each Loan, the Lender shall make a notation either on the schedule attached
hereto and made a part hereof, or in such Lender’s own books and records, in each case specifying the amount of such Loan, the respective Interest Period thereof (in the case of Eurocurrency Loans) or the amount of principal paid or prepaid
with respect to such Loan, as applicable; provided that the failure of the Lender to make any such recordation or notation shall not affect the Obligations of the undersigned Borrower hereunder or under the Credit Agreement. 
 This Note is one of the notes referred to in, and is entitled to the benefits of, that certain Credit Agreement dated as of May
[    ], 2008 by and among the Borrower, the financial institutions from time to time parties thereto as Lenders and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”). The Credit Agreement, among other things, (i) provides for the making of Loans by the Lender to the undersigned Borrower from time to time in an aggregate amount
not to exceed at any time outstanding the Dollar Amount of such Lender’s Commitment, the indebtedness of the undersigned Borrower resulting from each such Loan to it being evidenced by this Note, and (ii) contains provisions for
acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments of the principal hereof prior to the maturity hereof upon the terms and conditions therein specified. 
 Demand, presentment, protest and notice of nonpayment and protest are hereby waived by the Borrower. Whenever in this Note reference is made to the
Administrative Agent, the Lender or the Borrower, such reference shall be deemed to include, as applicable, a reference to their respective successors and assigns. The provisions of this Note shall be binding upon and shall inure to the benefit of
said successors and assigns. The Borrower’s successors and assigns shall include, without limitation, a receiver, trustee or debtor in possession of or for the Borrower. 
 This Note shall be construed in accordance with and governed by the law of the State of New York. 

			
	 VARIAN SEMICONDUCTOR EQUIPMENT
 ASSOCIATES,
INC.

		
	By:	 	  

	Name:	 	
	Title:	 	

 Revolving Loan Note 

 SCHEDULE OF LOANS AND PAYMENTS OR PREPAYMENTS 
  

													
	 Date
	  	Amount of
Loan	  	Type of
Loan Currency	  	Interest
Period/Rate	  	Amount of
Principal
Paid or Prepaid	  	Unpaid
Principal
Balance	  	Notation
Made ByAmended and Restated Management Consulting Agreement

 Exhibit 10.2 
 AMENDED AND RESTATED 
 MANAGEMENT CONSULTING AGREEMENT 
 THIS AMENDED AND RESTATED MANAGEMENT CONSULTING AGREEMENT (this “Agreement”) is entered into on May 21, 2008, with an effective date as of
February 7, 2007, by and among Rexnord LLC, a Delaware limited liability company (the “Company”), George M. Sherman (“GMS”), Cypress Group, LLC, a Maryland limited liability company (“Cypress”), and Cypress
Industrial Holdings, LLC, a Maryland limited liability company (“Cypress Industrial”, and collectively with the Company, GMS and Cypress, the “Parties”). 
 RECITALS 
 A. The Parties (including Rexnord Corporation, the predecessor
entity to the Company) have previously entered into a Management Consulting Agreement, dated July 21, 2006 (the “Initial Agreement”), which Initial Agreement was effective as of and subject to the Closing (within the meaning of the
Merger Agreement, as defined below) (the date of such Closing, the “Effective Date”). The terms of the Initial Agreement shall govern the respective rights and obligations of the Parties under the Initial Agreement from the Effective Date
through February 6, 2007. 
 B. The Parties now wish to amend and restate the Initial Agreement on the terms and conditions specified
herein. The Parties intend that this Agreement will supersede and replace the Initial Agreement, which Initial Agreement superseded the then existing management consulting agreement by and among the Parties, effective as of November 25, 2002
(the “Prior Agreement”). The parties agree that the Prior Agreement and any other prior consulting agreements between the Company and any of its subsidiaries or parent entities, on the one hand, and GMS, Cypress, or Cypress Industrial, on
the other hand, were terminated and of no further force or effect as of the Effective Date, except for the Initial Agreement entered into and effective as of the Closing. 
 C. The Company desires to continue to engage Cypress to assist the Company on the terms and conditions set forth herein. 
 D. The Company believes that it is in its best interest to continue to engage Cypress on the terms and conditions set forth herein and for Cypress to continue to arrange for GMS to provide the services contemplated by
this Agreement. 
 E. The Company desires that GMS continue be the individual responsible for performing the duties on behalf of Cypress set
forth in this Agreement. 
 F. RBS Global, Inc., a Delaware corporation and parent company of the Company, Chase Acquisition I, Inc., Chase
Merger Sub, Inc. (“Merger Sub”), and TC Group, L.L.C. entered into an Agreement and Plan of Merger dated as of May 24, 2006 (the “Merger Agreement”) pursuant to which Merger Sub merged with and into Rexnord Corporation, the
predecessor entity to the Company (the “Merger”) and the Company continues its existence as a wholly-owned subsidiary of Rexnord Holdings, Inc (“Parent,” and, together with its subsidiaries, “Rexnord”). 
 G. Cypress’, GMS’ and Cypress Industrial’s agreement to enter into the Initial Agreement and any mutually agreed upon amendments thereto,
and to be bound by the terms thereof was a material factor in the decision of Chase Acquisition I, Inc. to enter into the Merger Agreement and constitutes partial consideration for the payments and commitments made or to be made by Chase Acquisition
I, Inc. and its affiliates in connection therewith. 

 H. Cypress desires to continue to be engaged, and GMS desires Cypress to be engaged, by the Company in
the capacities and on the terms and conditions described herein. 
 AGREEMENT 
 For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound,
agree as follows: 
 1. Scope of Engagement. The Company agrees to engage Cypress, and Cypress hereby accepts such engagement, on the
terms and conditions set forth herein effective as of the date of this Agreement, until this Agreement is terminated in accordance with Section 4. GMS and Cypress agree that, unless otherwise agreed in writing by the Company, GMS shall
provide all consulting services to be performed under this Agreement by Cypress (including the duties set forth in Section 2). GMS understands that the Company will classify Cypress and GMS as independent contractors for all purposes.
Payments due to Cypress hereunder shall not be subject to withholding except as required by law. 
 2. Duties. 
 a. During the term of the Initial Agreement and this Agreement, GMS agrees to serve as a director of the Company and as a director in the capacity of
Non-Executive Chairman of the Board of Directors of RBS Global, Inc., and the Board of Directors of Rexnord Holdings, Inc. (the “Boards”), a Delaware corporation (“Parent”). 
 b. GMS and Cypress acknowledge and agree that GMS and Cypress have a duty to act in the best interests of Rexnord. GMS and Cypress acknowledge and agree
not to knowingly commit any act that would injure the business, interests or reputation of Rexnord or, to the best of GMS’ and Cypress’ knowledge, any of Rexnord’s subsidiaries or affiliates. 
 c. During the term of this Agreement, GMS shall (i) devote at least two days on average per month advising Rexnord with respect to management
strategy; and (ii) attend at least four meetings of each Board per year. 
 d. The parties agree and acknowledge that the obligations
set forth under Section 2(d) of the Initial Agreement have been fulfilled by each of the parties, and that neither (i) the terms of the transactions referenced therein, including the terms of any shares of capital stock or options to
purchase capital stock of Parent; nor (ii) the terms of that certain Stockholders’ Agreement, dated as of July 21, 2006, by and among Parent, Rexnord Acquisition Holdings I, LLC, a Delaware limited liability company, Rexnord
Acquisition Holdings II, LLC, a Delaware limited liability company, Cypress Industrial and GMS (as the same may be amended or restated, the “Cypress Stockholders’ Agreement); nor (iii) the terms of any Stock Option Agreement between
the Parent and Cypress, Cypress Industrial, GMS or any of their respective affiliates (each, an “Option Agreement”), shall be effected by the entering into of this Agreement. In particular, and without limiting the generality of the
foregoing, the entering into of this Agreement and the modifications it effects to the Initial Agreement shall not be deemed a “termination of the Consulting Agreement” (as that term is defined in the Cypress Stockholders’ Agreement
or any Option Agreement) for purposes of Section 4 or Section 6 of the Cypress Stockholders’ Agreement or Section 3 or Section 4 of the currently existing Options Agreement(s). The Parties further acknowledge and agree that
provisions of this Section 2(d) represent additional consideration for the continued rights and obligations of the Parties hereunder and for the entering into of this Agreement. 
 3. Consideration. In addition to the equity interests in Parent previously issued or granted to Cypress, Cypress Industrial, GMS, as consideration
for GMS’ services Cypress shall be entitled to receive reimbursement for all reasonable out-of-pocket expenses incurred by GMS during the term of this Agreement for travel, lodging, entertainment, and other reasonable out-of-pocket business
expenses incurred in connection with performing the services hereunder. For purposes of clarity, such expenses shall not include amounts paid for maintenance of an office (including a home office) or secretarial support. 
  

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 4. Termination. This Agreement shall be terminable as follows: 
 a. automatically upon the death of GMS; 
 b.
by either the Company, GMS or Cypress for any reason with 15 days’ prior written notice to the other party; 
 c. by the Company for
“Cause.” The Company shall have “Cause” to terminate this Agreement upon: 
  

	 	(i)	failure by GMS to carry out, or comply with, in any material respect, any lawful and reasonable directive of a Board consistent with the terms of this Agreement that, if capable of
being cured, is not remedied within 30 days after receipt of written notice from the Company specifying such failure; 

  

	 	(ii)	GMS’ conviction, plea of no contest, plea of nolo contendere, or imposition of unadjudicated probation for any felony; 

  

	 	(iii)	GMS’ unlawful use (including being under the influence) or possession of illegal drugs; 

  

	 	(iv)	GMS’ commission of an act of fraud, embezzlement, misappropriation, willful misconduct, or breach of fiduciary duty against Rexnord; 

  

	 	(v)	GMS’, Cypress’ or Cypress Industrial’s material breach of this Agreement or Cypress Stockholders Agreement, pursuant to the terms thereof and such breach continues
unremedied for 30 days after receipt by GMS of written notice; or 

 d. by GMS, Cypress or Cypress Industrial for “Good
Reason.” GMS, Cypress or Cypress Industrial shall have Good Reason to terminate this Agreement upon: 
  

	 	(i)	failure by the Company to continue GMS as non-executive Chairman of the Board of Directors of the Company or the Board of Directors of Parent (or if Parent does not own, directly or
indirectly a majority of the capital stock of the Company, the Board of Directors of any entity that does); 

  

	 	(ii)	material diminution in GMS’ responsibilities, duties or authority with the Company and such diminution continues unremedied for 30 days after receipt of written notice thereof;

  

	 	(iii)	the Company’s breach of this Agreement and such breach continues unremedied for a period of 30 days after the Company receives written notice of such breach; or

  

	 	(iv)	the Company’s material breach of the Cypress Stockholders Agreement and such breach continues unremedied for 30 days after receipt of written notice of such breach.

 5. Effect of Termination. The sole liability of the Company and its affiliates under this Agreement upon termination
of this Agreement shall be (a) to reimburse Cypress pursuant to Section 3 for reasonable expenses incurred by Cypress or GMS during the term of this Agreement; and (b) to comply with any other obligations under this Agreement
which expressly survive termination of Cypress’ engagement, including, without limitation, the indemnification obligations set forth in Section 9 hereof. 
 6. Nondisclosure of Proprietary Information. 
 a. Except as required in the faithful performance of
Cypress’ or GMS’ duties hereunder or pursuant to Section 6c below or as expressly authorized by the Company in writing, GMS, Cypress and Cypress Industrial shall, in perpetuity, maintain in confidence and shall not directly,
indirectly or otherwise, use, disseminate, 

  

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disclose or publish, or use for its or his benefit or the benefit of any person, firm, corporation or other entity any confidential and proprietary
information or trade secrets of Rexnord, including, without limitation, information that is confidential and proprietary with respect to Rexnord’s business operations, processes, products, inventions, business practices, finances, principals,
vendors, suppliers, customers, potential customers, marketing methods, costs, prices, contractual relationships, regulatory status, or deliver to any person, firm, corporation or other entity any document, record, notebook, computer program or
similar repository of or containing any such confidential and proprietary information or trade secrets. The parties hereby stipulate and agree that between them the foregoing information is important and material and affects the successful conduct
of the businesses of Rexnord (and any successors or assignees of Rexnord). Information that (i) is generally known by the public, other than as a result of GMS’, Cypress’ or Cypress Industrial’s acts or failure to act;
(ii) is obtained by GMS, Cypress or Cypress Industrial from third persons not known to GMS, Cypress or Cypress Industrial to be under an agreement to maintain the confidentiality of the information received; or (iii) GMS, Cypress or
Cypress Industrial is legally required to disclose, is not subject to the restrictions of this Section 6a. 
 b. Upon termination
of this Agreement for any reason, GMS, Cypress and Cypress Industrial will promptly deliver to the Company all correspondence, drawings, manuals, letters, notes, notebooks, reports, programs, plans, proposals, financial documents or any other
documents concerning the customers, business plans, marketing strategies, products and/or processes of Rexnord. 
 c. GMS, Cypress, or
Cypress Industrial may respond to a lawful and valid subpoena or other legal process but shall give the Company the earliest possible notice thereof, shall, as much in advance of the return date as possible, make available to the Company and its
counsel the documents and other information sought and shall assist the Company and such counsel at the Company’s expense in lawfully resisting or otherwise responding to such process. 
 7. No Competition; No Disparagement. 
 a. Except as otherwise permitted herein, during the term of Cypress’ and GMS’ engagement hereunder and until the conclusion of the 24-month period following the cessation of Cypress’ and GMS’ services to Rexnord
hereunder, none of GMS, Cypress or Cypress Industrial shall: 
  

	 	(i)	without the prior written consent of the Company, which consent may be granted or withheld by the Company in its sole discretion, directly or indirectly engage in, consult, have any
equity interest in, or manage or operate any person, firm, corporation, partnership or business (whether as director, officer, employee, agent, representative, partner, security holder, consultant or otherwise) that engages in any business which
competes with any material business of Rexnord anywhere in the world (as conducted during the term of this engagement); provided, however, that (A) GMS, Cypress, and Cypress Industrial shall be permitted to acquire stock or membership
interests in such an entity provided the entity is publicly traded and the acquired interest is not more than five percent (5%) of the outstanding shares or membership interests of the entity; and (B) GMS, Cypress, and Cypress Industrial
shall be permitted to hold stock or membership interests in companies and businesses in which GMS, Cypress, Cypress Industrial or other entities affiliated with GMS hold stock or membership interests immediately prior to the Effective Date
(including, without limitation, stock in Colfax, Inc. and related entities), or invested prior to the Effective Date; or 

  

	 	(ii)	hire, solicit or accept, if offered, with or without solicitation, on GMS’, Cypress’, or Cypress Industrial’s behalf or on behalf of any other person, the services of
any person who is (or was at any time in the preceding six months) an employee of Rexnord, nor solicit any of Rexnord’s employees to terminate employment with Rexnord (it being understood that the foregoing shall not apply to employees
solicited or hired without GMS’ knowledge and shall not preclude Cypress, Cypress Industrial or other companies or businesses associated with GMS from soliciting employees generally though newspaper or other mass media advertising); or

  

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	 	(iii)	induce or attempt to induce any customer, supplier, licensee or other business relation of Rexnord to cease doing business with Rexnord, or in any way interfere with the
relationship between any such customer, supplier, licensee or business relation, on the one hand, and Rexnord, on the other hand. 

 b. During the term of GMS’ engagement and thereafter, none of GMS, Cypress or Cypress Industrial shall, directly or indirectly, issue or communicate any public statement, or statement likely to become public, that is disparaging of or
damaging to Rexnord, any of its products or practices, or any of its officers, directors, employees, representatives or stockholders. During the term of GMS’ engagement hereunder and thereafter, neither Rexnord nor any officers of Rexnord
shall, directly or indirectly, issue or communicate any public statement, or statement likely to become public, that is disparaging of or damaging to GMS, Cypress or Cypress Industrial. The foregoing shall not be violated by truthful responses
required by law or legal process. 
 c. In the event the terms of this Section 7 shall be determined by any court of competent
jurisdiction to be unenforceable because the provision extends for too great a period of time, over too great a geographical area, or for any other reason, the provision shall be interpreted to extend only over the maximum period of time for which
it may be enforceable, and/or over the maximum geographical area as to which it may be enforceable and/or to the maximum extent in all other respects as to which it may be enforceable, all as determined by such court in such action. 
 8. Injunctive Relief, Survival 
 a.
GMS, Cypress and Cypress Industrial recognize and acknowledge that a breach of the covenants contained in Section 6 and Section 7 will cause irreparable damage to Rexnord and its goodwill, the exact amount of which will be
difficult or impossible to ascertain, and that the remedies at law for any breach will be inadequate. Accordingly, GMS, Cypress and Cypress Industrial agree that in the event of a breach of any of the covenants contained in Section 6 and
Section 7, in addition to any other remedy which may be available at law or in equity, the Company will be entitled to specific performance and injunctive relief. Parent and the Company recognize and acknowledge that a breach of the
covenants in Section 7b will cause irreparable damage to GMS, Cypress and Cypress Industrial and the goodwill of Cypress and Cypress Industrial, the exact amount of which will be difficult or impossible to ascertain, and that the
remedies at law for any breach will be inadequate. Accordingly, Parent and the Company agree that in the event of a breach of the covenants contained in Section 7b, in addition to any other remedy which may be available at law or in
equity, GMS, Cypress and Cypress Industrial will be entitled to specific performance and injunctive relief. 
 b. The rights and obligations
of the parties arising under Section 6 and Section 7 of this Agreement shall survive, and will not be impaired by, the expiration of GMS’ engagement by the Company. 
 9. Indemnification. The Company agrees that during the term of this Agreement and following the time GMS’ and Cypress’ relationship with
the Company is terminated, GMS, Cypress and Cypress Industrial shall be entitled to receive indemnification from time to time from the Company in accordance with the Company’s charter, bylaws and applicable law to the extent GMS, Cypress or
Cypress Industrial (each such person, for purposes of this Section 9, an “Indemnitee” and collectively the “Indemnitees”) becomes subject to suits, claims, actions, causes of action, proceedings or investigations or
would otherwise be entitled to or could seek indemnification thereunder in respect of matters which involve actions GMS or Cypress have taken or omitted to take prior to the termination date of their relationship with the Company as an employee,
officer, director, consultant or agent of or to the Company. The Company shall provide such indemnification to the fullest extent permitted by its charter, bylaws and applicable law. Without limiting the generality of and in addition to the
foregoing, to the fullest extent permitted by its charter, bylaws and applicable laws, the Company shall defend, indemnify and hold the Indemnitees harmless for, from and against all demands, suits, claims, actions or causes of action, assessments,
losses, damages, liabilities, costs, judgments, proceedings, investigations and expenses (including, without limitation, interest, penalties, reasonable attorneys’ fees and disbursements) (“Losses”), imposed on or incurred by the
Indemnitees relating to GMS’ or Cypress’ relationship with the Company, including by reason of actions or omissions taken or made by GMS or Cypress during the term of this Agreement. The Company will also advance reasonable fees and

  

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expenses to the Indemnitees to the maximum extent permitted by law to the extent the Indemnitees become subject to or involved in any suit, claim, action,
cause of action, proceeding or investigation involving the Company, provided that each such person agrees and undertakes to reimburse the Company for all expenses paid by the Company to such Indemnitee pursuant hereto in the event and only to
the extent that it shall be finally determined by a court of competent jurisdiction that Indemnitee is not entitled, under the provisions of the Company’s charter, bylaws, this Agreement, applicable law, or otherwise, to be indemnified by the
Company for such expenses, or if Indemnitee receives reimbursement of such expenses from any other source. 
 Promptly after receipt by any
Indemnitee of notice of the commencement of any action, suit, or proceeding, such Indemnitee will, if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof. The failure of
such Indemnitee to notify the Company shall have no effect on the obligations of the Company hereunder except if, and only to the extent that, the Company suffers actual prejudice or material loss resulting from such failure. The Company will be
entitled to participate in any such action, suit or proceeding at its own expense. Except as otherwise provided below, to the extent that it may wish, the Company shall be entitled to assume the defense thereof with counsel satisfactory to such
Indemnitee. After notice from the Company to such Indemnitee of its election to assume the defense thereof, the Company will not be liable to such Indemnitee under the Agreement for any legal or other expenses subsequently incurred by such
Indemnitee in connection with the defense thereof except as otherwise provided below. The Indemnitees shall have the right to employ counsel in such action, suit, or proceeding, but the fees and expenses of such counsel incurred after notice from
the Company of its assumption of the defense thereof shall be at the expense of the Indemnitees (and not subject to indemnification or reimbursement hereunder) unless (a) the employment of counsel by the Indemnitees has been authorized by the
Company, (b) the Indemnitees shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitees in the conduct of the defense of such action, or (c) the Company shall not in fact have employed
counsel to assume the defense of such action, in each of which cases the fees and expenses of one counsel acting on behalf of the Indemnitees shall be at the expense of the Company. The Company shall not be entitled to assume the defense of any
action, suit, or proceeding brought by or on behalf of the Company. The Company shall not be liable to indemnify any Indemnitee under this Agreement for any amounts paid in settlement of any action or claim effected without the Company’s
written consent. The Company shall not settle any such action or claim in any manner without such Indemnitee’s written consent. Neither the Company nor any Indemnitee will unreasonably withhold its or his consent to any proposed settlement.
Notwithstanding anything to the contrary contained herein, the Company shall not indemnify any Indemnitee for any costs of defense incurred by, or any judgment rendered against, any Indemnitee as a result of any acts or omissions that constitute
fraud, intentional misconduct, or gross negligence. 
 During the term of this Agreement and for a period of six (6) years following its
termination, the Company shall maintain directors and officers liability insurance with the limits and retentions substantially similar to the insurance which is in effect as of immediately before the Effective Date and GMS shall be covered
thereunder. 
 For purposes of this Section 9, the term “Company” shall include Parent, the Company, and each of their
subsidiaries. 
 10. Legal Fees. The Company agrees that it shall reimburse GMS, Cypress or Cypress Industrial for reasonable legal
fees and expenses GMS, Cypress or Cypress Industrial collectively incurred in connection with the negotiation and execution of this Agreement and the Cypress Stockholders Agreement, and the transactions contemplated hereby. 
 11. Public Communications. The Company agrees that Cypress and GMS shall have a right to approve in good faith the terms of any communications by
the Company, other than communications not intended for the public generally, with respect to Cypress and GMS, including communications concerning the engagement and the termination of GMS’ and Cypress’ engagement with the Company.
Notwithstanding the foregoing, the Company may make any disclosure required by law, court order, or applicable exchange or regulatory body without the approval of GMS or Cypress and may respond truthfully to inquiries from journalists regarding the
Company and the role of GMS or Cypress therein. 
 12. Directors and Officers Liability Insurance. The Company shall purchase
directors and officers liability insurance coverage in the amount of $25 million from, and at all times maintain such coverage with, an insurer selected by the Company. 
  

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 13. Assignment. None of GMS, Cypress or Cypress Industrial shall be entitled to assign this
Agreement by operation of law or otherwise without the prior written consent of the Company, and the Company shall not be entitled to assign this Agreement to any party by operation of law or otherwise without the prior written consent of GMS and
Cypress. This Agreement shall be binding upon the Company, GMS, Cypress, Cypress Industrial and their respective successors, assigns, personnel and legal representatives, executors, administrators, heirs, distributes, devisees, and legatees, as
applicable. 
 14. Complete Agreement. This Agreement constitutes the complete agreement and understanding concerning the arrangement
between the parties and supersedes all other agreements, understandings or commitments between the parties as to the arrangement, including, without limitation, (a) the portions of any document referenced in Section 2(d) of the Initial
Agreement that addressed the terms of GMS’ and Cypress’ consulting arrangement with the Company, (b) the Prior Agreement, and (c) any other consulting agreement between the Company and Rexnord, on the one hand, and GMS, Cypress,
or Cypress Industrial, on the other hand. 
 15. Counterparts. This Agreement may be executed in several counterparts, including via
facsimile, each of which shall be deemed to be an original, but all of which together shall constitute one and the same Agreement. 
 16.
Notice. All notices, requests, consents and other communications hereunder to any party hereto shall be deemed to be sufficient if contained in a written instrument and shall be deemed to have been duly given when delivered in person, by
telecopy, by nationally-recognized overnight courier, or by first class registered or certified mail, postage prepaid, addressed to such party at the address set forth below or such other address as may hereafter be designated in writing by the
addressee to the addressor: 
 (i) if to the Company, to: 
 Rexnord LLC 
 4701 Greenfield Avenue 
 Milwaukee, WI 53214 
 Attention: Patty Whaley

 with copies to: 
 Rexnord
Holdings, Inc. 
 c/o Apollo Management, L.P. 
 10250 Constellation Blvd, Suite 2900 
 Los Angeles, CA 90067 
 Fax: (310) 843-1933 
 Attention: Larry
Berg 
  

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 and 
 Rexnord LLC 
 c/o Apollo Management, L.P. 
 9 West 57th Street, 43rd Floor 
 New York, NY 10019 
 Fax: (212) 515-3288 
 Attention: Steven
Martinez 
 and 
 O’Melveny & Myers LLP 
 Times Square Tower 
 7 Times Square 
 New York, New York 10036

 Fax: (212) 326-2061 
 Attention: John M. Scott, Esq. 
 (ii) if to GMS, Cypress or Cypress Industrial, to: 
 c/o Cypress Group, LLC 
 111 South Calvert
St., Suite 2700 
 Baltimore, MD 21202 
 Attention: George M. Sherman 
 with a copy to: 
 Hogan & Hartson 
 111 South Calvert St., Suite 1600 
 Baltimore, MD 21202 
 Attention: Glenn C.
Campbell 
 17. Waiver. No party shall be deemed to have waived any right, power or privilege under this Agreement or any provisions
hereof unless the waiver shall have been duly executed in writing and acknowledged by the party to be charged with the waiver. The failure of any party at any time to insist upon performance of any of the provisions of this Agreement shall in no way
be construed to be a waiver of any provision of this Agreement, nor in any way to affect the validity of this Agreement or any part hereof. No waiver of any breach of this Agreement shall be held to be a waiver of any subsequent breach. 

18. Governing Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the state of New York without
regard to the conflicts of laws provisions or principles thereof that would cause the application of the laws of any jurisdiction other than the state of New York. 
 19. Amendment. This Agreement may not be amended or modified at any time except by a written instrument executed by the Company, Cypress, Cypress Industrial and GMS. 
 20. Construction. This Agreement shall be deemed drafted equally by the parties. The language contained in this Agreement shall be construed as a
whole and according to its fair meaning. Any presumption or principle that the language is to be construed against any party shall not apply. The headings in this Agreement are only for convenience and are not intended to affect construction or
interpretation. Any references to paragraphs, subparagraphs, sections or subsections are to those parts of this Agreement, unless the context clearly indicates to the contrary. 
 21. Representations/Warranties. GMS, Cypress and Cypress Industrial represent and warrant to Rexnord that (i) no legal impediment, and
(ii) no arrangement or understanding between GMS, Cypress, Cypress Industrial or any of their affiliated entities, on the one hand, and TC Group, L.L.C. or any of its affiliated entitles or any other person or entity, on the other hand,
precludes GMS, Cypress and Cypress Industrial from entering into this Agreement and rendering the services contemplated hereby. 
  

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 22. Arbitration; Waiver of Jury Trial. Any dispute or controversy arising under, out of, or in
connection with or in relation to this Agreement shall be finally determined and settled by arbitration in New York, New York in accordance with the Commercial Rules of the American Arbitration Association, and judgment upon the award may be entered
in any court having jurisdiction. Within 20 days of the conclusion of the arbitration hearing, the arbitrator shall prepare written findings of fact and conclusions of law. It is mutually agreed that the written decision of the arbitrator shall be
valid, binding, final and non-appealable; provided, however, that the parties hereto agree that the arbitrator shall not be empowered to award punitive damages against any party to such arbitration. To the extent permitted by law, the
arbitrator’s fees and expenses will be borne equally by each party. In the event that an action is brought to enforce the provisions of this Agreement pursuant to this Section 22, each party shall pay its own attorney’s fees
and expenses regardless of whether in the opinion of the court or arbitrator deciding such action there is a prevailing party. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL, INCLUDING TRIAL BY JURY, IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT. 
 23. Enforcement. If any provision of this Agreement is
held to be illegal, invalid or unenforceable under present or future laws effective during the term of this Agreement, the provision shall be fully severable; this Agreement shall be construed and enforced as if the illegal, invalid or unenforceable
provision had never comprised a portion of this Agreement; and the remaining provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from
this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable provision there shall be added automatically as part of this Agreement a provision as similar as possible in terms that are legal, valid and enforceable. 
 [Signature page follows] 
  

 9 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

  

					
	COMPANY:	 		 	
		
		 	REXNORD LLC
			
		 	By:	 	 /s/ PATRICIA M. WHALEY

		 	Name:	 	Patricia M. Whaley
		 	Title:	 	Vice President & General Counsel
			
	GMS:	 		 	
		
		 	GEORGE M. SHERMAN
			
		 	By:	 	 /s/ GEORGE M. SHERMAN

		 	Name:	 	George M. Sherman
			
	CYPRESS:	 		 	
		
		 	CYPRESS GROUP, LLC
			
		 	By:	 	 /s/ GEORGE M. SHERMAN

		 	Name:	 	George M. Sherman
		 	Title:	 	Managing Member
			
	CYPRESS INDUSTRIAL:	 		 	
		
		 	CYPRESS INDUSTRIAL HOLDINGS, LLC
			
		 	By:	 	 /s/ GEORGE M. SHERMAN

		 	Name:	 	George M. Sherman
		 	Title:	 	Managing Member

  

 10

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