Document:

Exhibit 10.24

 

SALE PARTICIPATION AGREEMENT

 

KKR Renaissance Aggregator L.P.

9 West 57th Street, 42nd Floor

New York, NY 10019

 

	 	[           ], 2013

 

		To:	The Person whose name is

set forth on the signature page hereof

 

Dear Sir or Madam:

 

You have entered into a
Management Stockholder’s Agreement or Director Stockholder’s Agreement, dated as of the date hereof, between
Renaissance Parent Corp., a Delaware corporation (the “Company”), and you (the “Stockholder’s
Agreement”) relating to (i) the purchase/subscription by you of Purchased Stock; and/or (ii) the grant by
the Company to you of options (“Options”) to purchase/subscribe for Common Stock. Capitalized terms used but
not defined herein shall have the meaning ascribed to such terms in the Stockholder’s Agreement. KKR Renaissance
Aggregator L.P., a Delaware limited partnership (“Investor Holdings”), which is the parent entity of the
Company, hereby agrees with you as follows pursuant to the tel ins of this Sale Participation Agreement (this “Agreement”),
effective as of the Effective Date:

 

1. (a) In the event that at any
time on or after the Effective Date, Investor Holdings or any of its Affiliates proposes to sell directly for cash or any
other consideration any Common Stock owned by Investor Holdings or any such Affiliate, in any transaction other than (x) a
Public Offering or (y) a sale, directly or indirectly, to an Affiliate of Investor Holdings, then, unless Investor Holdings
is entitled to and does exercise the drag-along rights pursuant to Section 8 below and the Drag Transaction is consummated,
Investor Holdings will notify the applicable Management Stockholder Entities or Director Stockholder Entities, as the case
may be, in writing (a “Notice”) of such proposed sale (a “Proposed Sale”) specifying the
principal terms and conditions of the Proposed Sale, including (i) the number of shares of Common Stock to be included in the
Proposed Sale, (ii) the percentage of the outstanding Common Stock at the time the Notice is given that is represented by the
number of shares of Common Stock to be included in the Proposed Sale, (iii) the price per share of Common Stock subject to
the Proposed Sale, including a description of any pricing formulae and of any non-cash consideration sufficiently detailed to
permit valuation thereof, (iv) the Tag Along Sale Percentage (as defined below), (v) the name and address of the Person or
Persons to whom the offered Common Stock is proposed to be sold, and (vi) if known, the date of the Proposed Sale.

    	 

    	

    

2

 

(b) If, within ten (10) Business
Days after the delivery of Notice under Section 1(a) (the “Exercise Period”), Investor Holdings receives
from a Management Stockholder Entity or Director Stockholder Entity, as applicable, a written request (a “Request”)
to include an amount of Common Stock held by such Person in the Proposed Sale (which Request shall be irrevocable except (i)
as set forth in paragraphs (c) and (d) of this Section 1 below or (ii) if otherwise mutually agreed to in writing by the
Management Stockholder Entity or Director Stockholder Entity and Investor Holdings), then the Common Stock held by the
Management Stockholder Entities or Director Stockholder Entities, including shares of Common Stock which the Management
Stockholder Entities are then entitled to acquire under any unexercised portion of Options, to the extent such Option is then
exercisable or would become exercisable as a result of the consummation of the Proposed Sale (not in any event to exceed the
Tag Along Sale Percentage multiplied by the aggregate number of shares of Common Stock held by the Management Stockholder
Entities or Director Stockholder Entities plus all shares of Common Stock which the Management Stockholder Entities
are then entitled to acquire under any unexercised portion of Options, to the extent such Option is then exercisable or would
become exercisable as a result of the consummation of the Proposed Sale) will be so included as provided herein; provided
that only one Request, which shall be executed by the Management Stockholder Entities or Director Stockholder Entities, as
applicable, may be delivered with respect to any Proposed Sale. Promptly after the execution of the sale agreement entered
into in connection with the Proposed Sale (the “Sale Agreement”), Investor Holdings will furnish the
Management Stockholder Entities or Director Stockholder Entities with a copy of such Sale Agreement, if any. For purposes of
this Agreement, the “Tag Along Sale Percentage” shall mean the fraction, expressed as a percentage,
determined by dividing the number of Common Stock to be purchased from Investor Holdings and any of its Affiliates in the
Proposed Sale by the total number of Common Stock owned directly or indirectly by Investor Holdings and all of its
Affiliates. In any Request, a Management Stockholder Entity or Director Stockholder Entity, as applicable, shall be entitled
to elect whether the Common Stock to be sold by such Person in the Proposed Sale shall consist of (x) Purchased Stock owned
by such Person and/or (y) shares of Common Stock which the Management Stockholder Entities or Director Stockholder Entities,
as applicable, are then entitled to acquire under any unexercised portion of Options, to the extent such Option is then
exercisable or would become exercisable as a result of the consummation of the Proposed Sale, or the amounts of securities
referenced in each of (x) or (y) to be included in the Proposed Sale, or any preference to be given to securities referenced
in either of (x) or (y) as compared to the other in any Proposed Sale. Subject to the other limitations set forth in this
Agreement, Investor Holdings agrees to be bound by, and effectuate, any election made in accordance with the immediately
preceding sentence to the extent reasonably practical and not otherwise detrimental to the Proposed Sale.

 

(c) Notwithstanding anything to the contrary
contained in this Agreement, if any of the economic terms of the Proposed Sale change in a manner that is materially less favorable
to the selling Management Stockholder Entities or Director Stockholder Entities, as applicable, than those described in the Notice,
including without limitation if the per share price will be less than the per share price disclosed in the Notice, Investor Holdings
will provide written notice thereof to each Management Stockholder Entity and Director Stockholder Entity who has made a Request
and each such Person will then be given an opportunity to withdraw the offer contained in such holder’s Request (by providing prompt
(and in any event within five (5) Business Days or, if the proposed closing with respect to the Proposed Sale is to occur within
five (5) Business Days or less, no later than three (3) Business Days prior to such closing) written notice of such withdrawal
to Investor Holdings), whereupon such withdrawing Person will be released from all obligations thereunder.

    	 

    	

    

3

 

(d) If Investor Holdings does not complete the
Proposed Sale by the end of the 180th day following the date of the effectiveness of the Notice, each selling Management Stockholder
Entity or Director Stockholder Entity, as applicable, may elect to be released from all obligations under the applicable Request
by notifying Investor Holdings in writing of its desire to so withdraw. Upon receipt of that withdrawal notice, the Notice of the
relevant Management Stockholder Entity or Director Stockholder Entity shall be null and void, and it will then be necessary for
a separate Notice to be furnished, and the terms and provisions of paragraphs (a) and (b) of this Section 1 separately complied
with, in order to consummate such Proposed Sale pursuant to this Section 1, unless the failure to complete such Proposed Sale resulted
from any failure by any selling Management Stockholder Entity or Director Stockholder Entity, as applicable, to comply with the
terms of this Section 1.

 

2. (a) The number of shares of Common Stock that
the Management Stockholder Entities or Director Stockholder Entities will be permitted to include in a Proposed Sale pursuant to
a Request will be the lesser of (i) the number of shares of Common Stock that such Management Stockholder Entities have offered
to sell in the Proposed Sale as set forth in the Request (which shall be based upon such Management Stockholder Entities’ Tag Along
Sale Percentage) and (ii) the number of shares of Common Stock determined by multiplying (A) the number of shares of Common Stock
that the purchaser in the Proposed Sale has agreed to purchase by (B) a fraction the numerator of which is the number of
shares of Common Stock owned by the Management Stockholder Entities or Director Stockholder Entities, as applicable, plus
all shares of Common Stock which the Management Stockholder Entities are then entitled to acquire under any unexercised portion
of Options, to the extent such Option is then exercisable or would become exercisable as a result of the consummation of the Proposed
Sale and the denominator of which is the total number of shares of Common Stock owned by the Management Stockholder Entities
or Director Stockholder Entities, as applicable, and all other Persons participating in such sale as tag-along sellers pursuant
to Other Management Stockholder Agreements, Other Stockholder Agreements or other agreements (all such participants, the “Tag
Along Sellers”) plus all shares of Common Stock which the Tag Along Sellers are then entitled to acquire under any unexercised
portion of Options, to the extent such Options are then exercisable or would become exercisable as a result of the consummation
of the Proposed Sale, plus all shares of Common Stock owned by Investor Holdings and all of its Affiliates. For purposes
of the foregoing, each Management Stockholder Entity shall be eligible to conditionally exercise its exercisable Options through,
at the Management Stockholder Entity’s election, withholding an aggregate number of shares of Common Stock subject to such exercisable
Options having a fair market value equal to the aggregate exercise price and minimum withholding for taxes due in respect of such
exercise, with the completion of such exercise being subject to the completion of the Proposed Sale.

    	 

    	

    
4

 

(b) If one or more Tag Along Sellers
elect not to include the maximum number of shares of Common Stock which such holders would have been peimitted to include in
a Proposed Sale pursuant to Section 2(a) (such non-included shares, the “Eligible Shares”), then each of
Investor Holdings and the remaining Tag Along Sellers, or any of them, will have the right to sell in the Proposed Sale a
number of additional shares of its Common Stock equal to its pro rata portion of the number of Eligible Shares, based on the
relative number of shares of Common Stock then held by each such holder plus all shares of Common Stock which such
holder is then entitled to acquire under any unexercised portion of Options, to the extent such Options are then exercisable
or would become exercisable as a result of the consummation of the Proposed Sale; provided that such additional shares
of Common Stock which any such holder or holders propose to sell shall not be included in any calculation made pursuant to
Section 2(a) for the purpose of determining the number of shares of Common Stock which the Management Stockholder Entities
will be permitted to include in a Proposed Sale. Investor Holdings will have the right to sell in the Proposed Sale
additional shares of Common Stock owned by it equal to the number, if any, of remaining Eligible Shares which will not be
included in the Proposed Sale pursuant to the foregoing.

 

3. Except as may otherwise be provided herein, shares of Common Stock subject to
a Request will be included in a Proposed Sale pursuant hereto and in any agreements with purchasers relating thereto on the same
terms and subject to the same conditions applicable to the shares of Common Stock which Investor Holdings proposes to sell in
the Proposed Sale. Such terms and conditions shall include, without limitation: the sale price; the payment of fees, commissions
and expenses; the provision of, and customary representations and warranties as to, information reasonably requested by Investor
Holdings covering matters regarding the Management Stockholder Entities’ or Director Stockholder Entities’ (as applicable)
ownership of shares; and the provision of requisite indemnification on a several but not joint basis; provided that any
indemnification provided by the Management Stockholder Entities or the Director Stockholder Entities, as applicable, shall, with
respect to each claim for indemnification made against the sellers, be paid by the sellers pro rata in proportion with the number
of shares of Common Stock to be sold; provided, further, that no Management Stockholder Entity or Director Stockholder
Entity shall be required to indemnify any Person for an amount, in the aggregate, in excess of the net cash proceeds received
by such Management Stockholder Entity or Director Stockholder Entity in such Proposed Sale. Notwithstanding anything to the contrary
in the foregoing, if the consideration payable for shares of Common Stock is securities and the acquisition of such securities
by a Management Stockholder Entity or Director Stockholder Entity would reasonably be expected to be prohibited under applicable
U.S., foreign, or state securities laws, such Management Stockholder Entity or Director Stockholder Entity shall be entitled to
receive an amount in cash equal to the value of any such securities such Management Stockholder Entity would otherwise be entitled
to receive.

 

1. Upon delivering a Request, the
Management Stockholder Entities or Director Stockholder Entities, as applicable, will, if requested by Investor Holdings,
execute and deliver a custody agreement and power of attorney in form and substance reasonably satisfactory to Investor
Holdings with respect to the shares of Common Stock which are to be sold by the Management Stockholder Entities or Director
Stockholder Entities pursuant hereto (a “Custody Agreement and Power of Attorney”). The Custody Agreement
and Power of Attorney will contain customary provisions and will provide, among other things, that the Management Stockholder
Entities or Director Stockholder Entities, as applicable, will deliver to and deposit in custody with the custodian and
attorney-in-fact named therein a certificate or certificates (if such shares are certificated) representing such shares of
Common Stock (duly endorsed in blank by the registered owner or owners thereof) and irrevocably appoint said custodian and
attorney-in-fact as the Management Stockholder Entities’ or Director Stockholder Entities’ (as applicable) agent
and attorney-in-fact with full power and authority to act under the Custody Agreement and Power of Attorney on such
Persons’ behalf with respect to the matters specified therein (including without any limitation to make any entry in any
books of the Company if such shares of Common Stock are in registered form).

    	 

    	

    

5

 

5. The Management Stockholder
Entities’ or Director Stockholder Entities’ (as applicable) right pursuant hereto to participate in a Proposed Sale shall be contingent
on such Persons’ material compliance with each of the provisions hereof and such Persons’ respective willingness to execute such
documents in connection therewith as may be reasonably requested by Investor Holdings.

 

2. Notwithstanding any terms to
the contrary in this Agreement, only full shares of Common Stock are transferable under this Agreement. In case a number of shares
of Common Stock as determined pursuant to the terms of this Agreement contains a fraction of a share of Common Stock, such number
shall be reduced to the nearest number of full shares of Common Stock.

 

3. If the consideration to be paid in
exchange for shares of Common Stock in a Proposed Sale pursuant to Section 1 includes any securities, and the receipt thereof
by a Management Stockholder Entity or Director Stockholder Entity would require under applicable law (a) the registration or
qualification of such securities or of any Person as a broker or dealer or agent with respect to such securities or (b) the
provision to any selling Management Stockholder Entity or Director Stockholder Entity of any information regarding the
Company, its subsidiaries, such securities, or the issuer thereof that would not be required to be delivered in an offering
solely to a limited number of “accredited investors” under Regulation D promulgated under the Securities Act of
1933, as amended, and the rules and regulations in effect thereunder, such Management Shareholder Entity shall not, subject
to the following sentence, have the right to sell shares of Common Stock in such proposed sale. In such event, Investor
Holdings shall have the right to cause to be paid to such selling Management Shareholder Entity in lieu thereof, against
surrender of the shares of Common Stock which would have otherwise been sold by such selling Management Shareholder Entity to
the prospective buyer in the Proposed Sale, an amount in cash equal to the value of any such securities such Management
Stockholder Entity or Director Stockholder Entity would otherwise be entitled to receive.

 

4. (a) If Investor Holdings or
any of its Affiliates (including Parent) that owns shares of Common Stock proposes to transfer, directly or indirectly, a number
of shares of Common Stock the sale of which would result in a Change in Control, taking into account all interests being dragged
hereunder and under any other agreement containing similar rights (such Person or Persons to whom such shares would be transferred,
the “Drag-Along Purchaser”), then if requested by Investor Holdings, the Management Stockholder Entities or Director
Stockholder Entities (as applicable) shall be required to sell a number of shares of Common Stock equal to the aggregate number
of shares of Common Stock held by such Persons (including shares of Common Stock underlying exercisable Options) multiplied by
the Tag Along Sale Percentage (such transaction, a “Drag Transaction”).

    	 

    	

    

6

 

(b) Shares of Common Stock held
by the Management Stockholder Entities or Director Stockholder Entities (as applicable) included in a Drag Transaction will
be included in any agreements with the Drag-Along Purchaser relating thereto on the same terms and subject to the same
conditions applicable to the shares of Common Stock which Investor Holdings or any of its Affiliates propose to sell in the
Drag Transaction. Such terms and conditions shall include: (i) the pro rata reduction of the number of shares of Common Stock
to be sold by Investor Holdings and the Management Stockholder Entities or Director Stockholder Entities (as applicable) to
be included in the Drag Transaction if required by the Drag-Along Purchaser, (ii) the sale price, (iii) the payment of fees,
commissions, and expenses, (iv) the provision of, and representation and warranty as to, information reasonably requested by
Investor Holdings covering matters regarding the Management Stockholder Entities’ or Director Stockholder Entities’
ownership of shares, and (v) the provision of requisite indemnification on a several but not joint basis; provided
that any indemnification provided by the Management Stockholder Entities or Director Stockholder Entities, as applicable,
shall, with respect to each indemnification claim made against the sellers, be paid by the sellers pro rata in proportion
with the total number of shares of Common Stock to be sold by all sellers; provided, further, that no Management
Stockholder Entity or Director Stockholder Entity shall be required to indemnify any Person for an amount, in the aggregate,
in excess of the net cash proceeds received by such Management Stockholder Entity or Director Stockholder Entity in such
Proposed Sale.

 

(c) Your pro rata share of any
indemnity amount to be paid by you and the other Company stockholders pursuant to Paragraph 3 or 8(b) shall be based upon the number
of shares of Common Stock intended to be transferred by the Management Stockholder Entities or Director Stockholder Entities (as
applicable) plus the number of shares of Common Stock you would have the right to acquire under any unexercised portion of an Option
which is then vested or would become vested as a result of the Proposed Sale or Drag Transaction, assuming that you received a
payment in respect of such Option.

 

(a) Notwithstanding
anything to the contrary in the foregoing, if the consideration payable for shares of Common Stock is securities and the
acquisition of such securities by a Management Stockholder Entity or Director Stockholder Entity would reasonably be expected
to be prohibited under applicable U.S., foreign, or state securities laws, such Person shall be entitled to receive an amount
in cash equal to the value of any such securities such Person would otherwise be entitled to receive.

 

(b) Notwithstanding anything to
the contrary herein, in the event the Sponsor and/or the limited partners of Parent propose to sell limited partnership units in
Parent that would result in a Change in Control of the Company, you agree that appropriate provisions shall be made (and you shall
take any reasonable actions required in connection therewith) in order to permit, if contemplated by the purchaser, the purchase
of your shares of Common Stock on a pro rata basis similar to the terms provided herein for a sale by Investor Holdings of Common
Stock.

 

9. The obligations of Investor
Holdings hereunder shall extend only to you and transferees of Permitted Transfers (“Permitted Transferees”),
and none of the Management Stockholder Entities’ or Director Stockholder Entities’ successors or assigns, with the exception of
any Permitted Transferee and only with respect to the Common Stock acquired by such Permitted Transferee pursuant to a Permitted
Transfer, shall have any rights pursuant hereto.

    	 

    	

    

1. This Agreement shall
terminate and be of no further force or effect on the occurrence of the earlier of (a) the consummation of an Initial Public
Offering and (b) a Change in Control, except that any obligations of the Parties that have arisen prior to the expiration of
this Agreement or in connection with such Initial Public Offering or Change in Control shall remain in full force and effect
until satisfied in accordance with the applicable provisions hereof.

 

11. All notices and other communications
required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party
to be notified, (b) when sent by confirmed facsimile if sent during normal business hours of the recipient, if not, then on the
next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage
prepaid, or (d) one (1) business day after deposit with a nationally recognized overnight courier, specifying next day delivery,
with written verification of receipt. All communications shall be sent to such party’s address as set forth below or at such other
address or to such other person as the party shall have furnished to each other party in writing in accordance with this provision:

 

If to Investor Holdings or the Company, at the following
addresses:

 

c/o Kohlberg Kravis Roberts & Co. L.P.

9 West 57th St., Suite 4200

New York, New York 10019

Attention: Peter Stavros

Facsimile: (212) 750-0003

 

with a copy to:

 

Simpson Thacher & Bartlett LLP

425 Lexington Avenue

New York, New York 10017

Attention: Sean Rodgers, Esq.

Facsimile: (212) 455-2502

 

If to you, at the address set forth on the corresponding
signature page hereto;

 

If to your Management Stockholder’s
Estate, Management Stockholder’s Trust, Director Stockholder’s Estate or Director Stockholder’s Trust, to the address provided
to the Company by such entity.

    	 

    	

    

8

 

5. The laws of the State of New
York shall govern the interpretation, validity, and performance of the terms of this Agreement. In the event of any
controversy among the parties hereto arising out of, or relating to, this Agreement which cannot be settled amicably by the
parties, such controversy shall be finally, exclusively, and conclusively settled by mandatory arbitration conducted
expeditiously in accordance with the American Arbitration Association rules, by a single independent arbitrator. Such
arbitration process shall take place in New York, New York. The decision of the arbitrator shall be final and binding upon
all parties hereto and shall be rendered pursuant to a written decision, which contains a detailed recital of the
arbitrator’s reasoning. Judgment upon the award rendered may be entered in any court having jurisdiction thereof. Each
party shall bear its own legal fees and expenses, unless otherwise determined by the arbitrator. Each party hereto hereby
irrevocably waives any right that it may have had to bring an action in any court, domestic or foreign, or before any similar
domestic or foreign authority with respect to this Agreement. In the event of any arbitration or other disputes with regard
to this Agreement or any other document or agreement referred to herein, each Party shall pay its own legal fees and
expenses, unless otherwise determined by the arbitrator.

 

13. This Agreement may be executed
in counterparts, and by different parties on separate counterparts, each of which shall be deemed an original, but all such counterparts
shall together constitute one and the same instrument.

 

6. It is the understanding of the
undersigned that you are aware that no Proposed Sale is contemplated and that such a sale may never occur.

 

7. This Agreement may be amended or modified
by Investor Holdings by any time upon written notice to you thereof; provided that any amendment or modification (i) that
materially disadvantages you shall not be effective unless and until you have consented thereto in writing and (ii) that disadvantages
you in more than a de minimus way but less than a material way shall require the consent of the Compensation Committee of the Board
(or, if no such committee is appointed, the Board), and you hereby expressly agree to be bound by any such amendment.

 

[Signatures on following pages]

    	 

    	

    

If the foregoing accurately
sets forth our agreement, please acknowledge your acceptance thereof in the space provided below for that purpose.

 

	 	Very truly yours,
	 	 	 
	 	KKR RENAISSANCE AGGREGATOR L.P.
	 	 	 
	 	By: KKR Renaissance Aggregator GP LLC
	 	 	 
	 	By:	 

	 	Name:	 
	 	Title:	 

    	 

    	

    

Accepted and agreed as of the date first above written.

 

	By:	 

	 
	Name:	 	 
	 	 	 
	Address:Exhibit 10.25

 

  

 

April 17, 2015

  

(BY E-MAIL)

Mr. Vicente Reynal

 

Dear Vicente,

 

This letter confirms my offer to you to join Gardner
Denver, Inc. (“GDI”) as the Chief Executive Officer of the Industrials Group, reporting directly to the Chief
Executive Officer of GDI.

 

This offer is contingent upon successful completion of
a background check and pre-employment drug screening with acceptable results. Our Corporate Human Resources Department will contact
you to arrange the drug screening.

 

The terms of GDI’s offer include the following:

 

		1.	Duties: While employed hereunder, you will perform such duties as are assigned to
you in your capacity as Chief Executive Officer of the Industrials Group of GDI by the Chief Executive Officer of GDI, devoting
your full business time and attention to the business and affairs of GDI.

 

		2.	Start Date: Your employment with GDI will commence May 4, 2015 (the “Start
Date”).

 

		3.	Location: This position is initially based in Simmern, Germany (the “Expat Period”), subject
to such business travel as may be reasonably required to perform your duties with GDI. During the Expat Period, GDI will provide
you with a corporate apartment in Simmern, Germany or the surrounding area. Following the Expat Period, your work location will
be relocated to Milwaukee, Wisconsin or other such U.S. location as mutually agreed by you and GDI.

 

		4.	Salary: While employed hereunder, your annual base salary will be $500,000.00, paid
on a semi-monthly basis (or otherwise in accordance with the normal payroll practices of GDI as in effect from time time).

 

		5.	Sign-On Bonus: On the six month anniversary of the Start Date, you will be paid a
lump sum cash bonus equal to $300,000.00, so long as you remain employed in good standing with GDI at such time.

 

		6.	Management Incentive Plan Bonus Program: Beginning with GDI’s 2015 fiscal year
and for each fiscal year you are employed hereunder, you will be eligible to participate in the Gardner Denver, Inc. Management
Incentive Plan annual bonus program (the “MIP”). Your target annual incentive opportunity under the MIP for
each fiscal year will be 100% of your annual base salary as in effect for the given fiscal year (the “Target Bonus”).
Your actual annual cash incentive award may over- or under-earn your target annual incentive opportunity, depending on GDI’s
performance against its goals. Your annual bonus in respect of GDI’s 2015 year (the “2015 Bonus”) will
be based on GDI’s actual performance during such year, prorated based on the period of time during which you were employed
by GDI in 2015; provided, that the 2015 Bonus will be at least equal to the Target Bonus, prorated based on the period of time
during which you were employed by GDI in 2015.

 

    	 	 	 

     

    

 

Vicente Reynal

April 17, 2015

Page 2

  

The specific performance objectives and measures
for your annual incentive opportunity will be defined and reviewed for each fiscal year and your annual incentive award will be
calculated, approved, and paid after financial results for the given fiscal year have been finalized, all in accordance with the
terms of the MIP.

 

		7.	Investment in Parent Holding Company; Long-Term Incentive Program: See attached Addendum
A for details regarding your opportunity to invest in, and receive a long-term incentive award in respect of, the common stock
of Renaissance Parent Corp., our parent holding company.

 

		8.	Retirement Plans: While employed hereunder, you will be eligible to participate in
GDI’s retirement savings plans, based on the then current company policy.

  

		9.	Health and Welfare Insurance Coverage: While employed hereunder, you also will be
eligible for other benefits coverage, including medical, dental, and life insurance and disability along with a comprehensive wellness
program for your health & well-being. A brief summary of these benefit programs as currently in effect will be provided to
you. The Gardner Denver benefits plan coverage year begins on April 1st and ends on March 31st of each calendar
year. GDI shall, if you elect to receive health insurance continuation coverage under COBRA from your previous employer, reimburse
you for the cost of such health insurance continuation coverage premiums that you procure during the period beginning on your termination
of employment from your previous employer and the date that you are eligible to enroll in the GDI health plans (which eligibility
will occur on or shortly following your Start Date).

 

		10.	Expatriate Benefits: During the Expat Period, you will be entitled to receive expatriate
benefits that are substantially similar to the benefits described on Schedule I hereto (the “Expat Benefits”),
in each case, to the extent such benefits are available through GDI’s existing benefit plans and policies. To the extent
that GDI does not maintain or provide any such benefits under its existing plans or policies, in lieu of adopting a new plan or
policy, GDI may elect to provide you with a cash payment in an amount substantially equivalent to the cost of such benefit.

 

		11.	Tax Equalization: During the Expat Period, you will be entitled to tax equalization
on your cash compensation and Expat Benefits, based on U.S. federal and state rates applicable assuming you were a resident of
Milwaukee, Wisconsin; provided, that the annual cost to GDI of such tax equalization shall not exceed $275,000.

 

    	 	 	 

     

    

 

Vicente Reynal

April 17, 2015 

Page 3

 

		12.	Severance Arrangements: If GDI terminates your employment without Cause or you terminate
your employment for Good Reason (each as defined in the management equity agreements referenced in Addendum A hereto), and subject
to your continued compliance with the restrictive covenants (as provided in the management equity agreements), GDI will:

 

		a.	provide you with continued payment over a 12-month period (the “Severance Period”)
of the sum of (x) your annual base salary and (y) the annual incentive award under the MIP, if any, earned in respect of the GDI
fiscal year preceding the fiscal year in which the termination date occurs (but if such date occurs in the first fiscal year of
your employment, such amount will equal the Target Bonus), payable in substantially equal monthly installments over the Severance
Period (the “Severance Payment”); and

 

		b.	so long as you timely elect to continue to participate in GDI’s health insurance plan under
COBRA, provide you with continued coverage under GDI’s health insurance plan on the same basis as actively employed employees
of GDI for the 12 months following the date your employment terminates (or, if earlier, through the date you become employed by
another employer and eligible for health insurance coverage at such employer) (such provision of coverage, the “Benefit
Continuation”).

 

Receipt of the above severance payments and benefits is contingent
on your execution (without revocation) of a waiver and release agreement in a form customarily used by GDI; in the event that commencement
of payment of the Severance Payment could begin in one of two calendar years, depending upon GDI’s receipt of such executed
waiver, payment of the Severance Payment will begin in the second calendar year, in compliance with Section 409A of the Internal
Revenue Code (“Section 409A”).

  

		c.	Upon any termination of your employment, you will receive, by no later than they second payroll date following your termination
date, any unpaid payments of base salary previously earned but unpaid through such date, and other payments and benefits under
applicable employee benefit plans or programs to which you are entitled pursuant to the terms of such plans or programs.

 

		13.	Miscellaneous: GDI shall be entitled to withhold from the payment of any compensation
and provision of any benefit under this offer letter such amounts as may be required by applicable law, including without limitation
for purposes of the payment of payroll and income taxes. This offer letter and any dispute hereunder shall be interpreted and governed
in accordance with the laws of the State of Delaware without reference to rules relating to conflicts of law. Any controversy or
claim arising out of or relating to this offer letter that cannot be resolved by you and GDI shall be submitted to a single arbitrator
who shall be a retired judge with substantial experience in arbitrating executive compensation disputes, in accordance with the
dispute resolution provisions of the GDI Executive Severance Policy.

 

		14.	Other Conditions: This offer of employment, and your continued employment hereunder,
is further conditioned upon your signed agreement to, and ongoing compliance with, any code of conduct, business ethics and proprietary
information agreements customarily required to be signed by new employees of GDI.

 

    	 	 	 

     

    

 

Vicente Reynal

April 17, 2015

Page 4

 

By signing and accepting this offer of employment, you represent
and warrant that: (i) you are not subject to any pre-existing contractual or other legal obligation with any person, company or
business enterprise that may be an impediment to your employment with, or your providing services to, GDI as its employee; (ii)
you have not and shall not bring onto company premises, or use in the course of your employment with GDI, any confidential or proprietary
information of another person, company or business enterprise to whom you previously provided services; and (iii) you are not relying
on any representations, promises or agreements not expressly contained in this offer letter. You further agree to keep this offer,
its terms and any confidential or proprietary information of GDI, its parent holding company or any of their affiliates that you
may acquire during the process of receiving and negotiating this offer, confidential.

 

[Signatures on next page.]

 

    	 	 	 

     

    

 

Vicente Reynal

April 17, 2015

Page 5

 

Vicente, I am very excited about the prospect of your acceptance of this offer
to become a part of the Gardner Denver corporate team. I am confident you can make a positive contribution to our goal of growing
the Company into a more profitable organization.

 

Please acknowledge your acceptance of this offer and your agreement to the
terms and conditions of this letter, under which you will be employed with GDI, by signing and dating this letter on the space
provided below and emailing a PDF back to me.

 

Sincerely,

 

/s/ Peter Stavros____ 

Peter Stavros

Director

Gardner Denver, Inc.

	 

I have read and accept this offer of employment and
agree to the terms and conditions.

 

ACCEPTED AND AGREED:

 

	/s/ Vincente Reynal	 
	Vicente Reynal	 

 

	4-17-15	 
	Date	 

 

    	 	 	 

     

    

 

Summary of Executive’s Expatriate Benefits

 

	Benefit	Description
	Cash Benefit:	
        COLA: $26,000 per year

        

        Housing Allowance: €5,000 per month

         

	School Expenses:	
        Employer payment or reimbursement for tuition of dependent children to international
        school.

         

	School Transportation:	
        Employer payment or reimbursement for school-sponsored transportation of dependent
        children to international school (approximately EUR 1,800 per dependent child).

         

	Taxes:	
        Reimbursement for expenses related to tax preparation performed by Deloitte
        or other similar tax preparation firm.

         

	Company Car:	
        Per GDI policy, with a car provided to be a similar class of vehicle to a
        BMW Gran Turismo.

         

        

	Storage:	
        Reimbursement for expenses incurred for storage of household goods in the
        U.S. while abroad.

         

        

	Travel Expenses:	
        Reimbursement for business class travel to U.S. or comparable location for
        Executive and his immediate family once per year.

         

 

    	 

    	 

    

 

	PRIVILEGED & CONFIDENTIAL	April __, 2015

 

ADDENDUM A—VICENTE REYNAL

 

Equity Target

 

	Long-Term Incentive Program:	
        Investment: It is expected that Executive will, subject to satisfaction
        of applicable securities laws requirements, invest a minimum of $2,000,000 into the common stock of Renaissance Parent Corp. (“Holdings”).

         

        Long-Term Incentive Program: A long term incentive
        plan (“LTI Plan”) has been established to give members of management at Gardner Denver, Inc. (“GDI”)
        the opportunity to share in the value appreciation of GDI. Though the grant of 1,432,188 options in Holdings with a strike price
        at then-current fair market value of Holdings’ shares, the intended goal of this LTI Plan is to provide the Executive with
        the opportunity (although not the guarantee) to earn pre-tax proceeds (net of the strike price) in respect of such value appreciation
        of up to and potentially more than USD $15 million.1

         

        The LTI Plan grants to Executive are in the form
        of options to purchase shares of Holdings stock, 50% of which are subject to time vesting and 50% are subject to performance vesting.
        The time vesting options vest 25% each year on the last day of each of Holdings’ fiscal years from 2015 through 2018. The
        performance vesting options vest 25% per year as of the last day of each of Holdings’ fiscal years from 2015 through 2018
        provided the GDI achieves annual EBITDA targets; provided, however, that the 2015 performance vesting options will be treated as
        time vesting options such that the 2015 performance vesting options will vest subject only to Executive’s continued employment
        through the last day of the 2015 fiscal year.

         

        Any options and Holdings stock Executive acquires
        are subject to the LTI Plan terms and other terms contained in management equity agreements with Holdings and the Investors. These
        terms include, generally, transfer restrictions, company call rights, tagalong and dragalong rights, and restrictive covenants
        (including covenants not to disclose confidential information at any time, and while employed and for certain post-employment periods,
        not to solicit employees or customers and not to compete with the business of GDI).

         

 

 

 

 

		1	Assuming a certain exit value is achieved in 2018. Details of a corresponding financial forecast and exit multiple assumption
will be presented separately. Actual value appreciation could be lesser or greater than amount stated above, depending upon performance
of GDI and market factors.

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