Document:

Exhibit 10.3

 

AMENDMENT
NO. 1 TO CREDIT AGREEMENT

 

This
Amendment No. 1 to Credit Agreement (this “Amendment No. 1”) is dated as of March 4, 2016, by and among Renaissance
Parent Corp., a Delaware corporation (“Holdings”), Gardner Denver, Inc., a Delaware corporation (the “U.S.
Borrower”), GD German Holdings II GmbH, a company organized under the laws of Germany, as successor in interest to Gardner
Denver Holdings GmbH & Co. KG (the “German Borrower”), GD First (UK) Limited, a company organized under
the laws of England and Wales with company number 04955958 and its registered office at Springmill Street, Bradford West Yorkshire
BD5 7HW (the “UK Borrower”; and together with the German Borrower and the U.S. Borrower, the “Borrowers”),
the Lenders party hereto, and UBS AG, STAMFORD BRANCH, as administrative agent for the Lenders (the “Administrative Agent”)
and as Letter of Credit Issuer and Swingline Lender.

 

WHEREAS,
reference is hereby made to the Credit Agreement, dated as of July 30, 2013 (as amended, restated or otherwise modified from time
to time, the “Credit Agreement”) among inter alios Holdings, the U.S. Borrower, the U.K. Borrower, Gardner
Denver Holdings GmbH & Co. KG, the Administrative Agent and the Lenders party thereto;

 

WHEREAS,
the Borrowers have requested to extend the termination date of the Revolving Credit Commitments existing on the Amendment No.
1 Effective Date (as defined below), (the “Existing Revolving Credit Commitments” and the loans thereunder,
the “Existing Revolving Credit Loans”) and to make certain amendments and other modifications to the Credit
Agreement set forth herein;

 

WHEREAS,
subject to the terms and conditions of the Credit Agreement, the Borrowers may request to extend the Revolving Credit Maturity
Date and establish Extended Revolving Credit Commitments and Extended Revolving Credit Loans by entering into an Extension Amendment;

 

WHEREAS,
Section 13.1 and Section 2.14(g) of the Credit Agreement provides that the Credit Agreement and the other Credit Documents may
be amended to effect an Extension Amendment for certain purposes;

 

WHEREAS,
the parties hereto wish to amend the Credit Agreement on the terms set forth herein;

 

NOW,
THEREFORE, in consideration of the premises and of the mutual covenants herein contained and for other valuable considerations,
the parties hereto agree as follows:

 

Section
1. Definitions. Each capitalized term used herein and not otherwise defined in this Amendment No. 1 shall be defined in
accordance with the Credit Agreement.

 

Section
2. Amendments to Credit Agreement. Effective as of the Amendment No. 1 Effective Date (as defined below), the Credit Agreement
is hereby amended as follows:

 

2.1          Amendments
to Section 1.1. (a) Section 1.1 of the Credit Agreement is hereby amended by inserting the following new definitions in their
correct alphabetical order:

 

“‘Amendment
No. 1’ shall mean Amendment No. 1 to this Agreement, dated as of March 4, 2016, among each Credit Party, the Lenders
party thereto, and the Administrative Agent.”

 

“‘Amendment
No. 1 Effective Date’ shall mean the “Amendment No. 1 Effective Date” under and as defined in Amendment
No. 1.”

 

    

     

    

 

“‘Amendment
No. 1 Consenting Revolving Credit Lender’ shall mean each Revolving Credit Lender that has voted in favor of the Amendment
No. 1 by executing it on or prior to March 7, 2016.”

 

“‘Amendment
No. 1 Non-Consenting Revolving Credit Lender’ shall mean each Revolving Credit Lender other than the Amendment No. 1
Consenting Revolving Credit Lenders.”

 

“‘Bail-In
Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect
of any liability of an EEA Financial Institution.”

 

“‘Bail-In
Legislation’ means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European
Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which
is described in the EU Bail-In Legislation Schedule.”

 

“‘EEA
Financial Institution’ means (a) any credit institution or investment firm established in any EEA Member Country which
is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent
of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country
which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision
with its parent.”

 

“‘EEA
Member Country’ means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.”

 

“‘EEA
Resolution Authority’ means any public administrative authority or any person entrusted with public administrative authority
of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.”

 

“‘EU
Bail-In Legislation Schedule’ means the EU Bail-In Legislation Schedule published by the Loan Market Association (or
any successor person), as in effect from time to time.”

 

“‘Write-Down
and Conversion Powers’ means, with respect to any EEA Resolution Authority, the write-down and conversion powers of
such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down
and conversion powers are described in the EU Bail-In Legislation Schedule.”.

 

(b)          The
definition of “Compliance Period” contained in Section 1.1 of the Credit Agreement is hereby amended by (i) inserting
the following immediately after “$25,000,000”: “; provided that the aggregate amount of non-Cash Collateralized
Letters of Credit Outstanding excluded pursuant to this parenthetical shall not exceed $50,000,000” and (ii) replacing “30.0%
of the amount of the Total Revolving Credit Commitment” with “$120,000,000”.

 

(c)          The
definitions of “Existing Revolving Credit Class”, “Existing Revolving Credit Commitment”, “Existing
Revolving Credit Loans”, “Existing Term Loan Class”, “Extended Revolving Credit Commitments”, “Extended
Revolving Credit Loans”, “Extended Term Loans”, “Extending Lender”, “Extension Amendment”,
“Extension Date”, “Extension Election”, “Section 2.14 Additional Amendment” and “Specified
Existing Revolving Credit Commitment” contained in Section 1.1 of the Credit Agreement are each hereby amended by replacing
each reference to “Section 2.14(f)” with a reference to “Section 2.14(g)”.

 

    2

     

    

 

(d)          The
definition of “Lender-Related Distress Event” contained in Section 1.1 of the Credit Agreement is hereby amended by
inserting the following immediately prior to the period “.” at the end thereof: “ or such person that directly
or indirectly controls such Lender becoming the subject of a Bail-in Action”.

 

(e)          The
definition of “LIBOR Rate” contained in Section 1.1 of the Credit Agreement is hereby amended by inserting the following
immediately after “1.00% per annum”: “provided further that, notwithstanding the foregoing, in
no event shall the LIBOR Rate applicable to the Revolving Credit Loans at any time be less than 0.00% per annum”.

 

(f)      
    The definition of “Maximum Incremental Facilities Amount” contained in Section 1.1 of the
Credit Agreement is hereby amended by (i) replacing “$500,000,000” with “if, as of the last day of the most
recently ended Test Period, the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio is equal to or less than 5.50 to
1.00, $250,000,000 (and otherwise, for the avoidance of doubt, $0)” and (ii) replacing the reference to “Section 10.1(bb)(i)(a)”
with a reference to “Section 10.1(x)(i)(a)”.

 

(g)          The
definition of “Refinancing Permitted Other Indebtedness” contained in Section 1.1 of the Credit Agreement is hereby
amended by replacing the reference to “Section 10.1(bb)(ii)” with a reference to “Section 10.1(x)(ii)”.

 

(h)          The
definition of “Revolving Credit Commitment” contained in Section 1.1 of the Credit Agreement is hereby amended by
inserting the following immediately at the end thereof: “The aggregate Revolving Credit Commitments of all Revolving Credit
Lenders shall be $360,000,000 on the Amendment No. 1 Effective Date, as such amount may be adjusted from time to time in accordance
with the terms of this Agreement”.

 

(i)       
   The definition of “Revolving Credit Maturity Date” contained in Section 1.1 of the Credit Agreement
is hereby amended and restated in its entirety to read as follows:

 

“Revolving
Credit Maturity Date” shall mean (a) with respect to each Amendment No. 1 Consenting Revolving Credit Lender (other
than any Amendment No. 1 Consenting Revolving Credit Lender who has previously notified the Administrative Agent in writing that
it will not extend its prior Revolving Credit Maturity Date, with respect to whom clause (b) of this definition will apply), April
30, 2020 and (b) with respect to each Amendment No. 1 Non-Consenting Revolving Credit Lender, July 30, 2018, and, in each case
with respect of clauses (a) and (b), if such date is not a Business Day, the next preceding Business Day.

 

2.2          Amendment
to Section 2.1(b)(i). Section 2.1(b)(i) of the Credit Agreement is hereby amended by (a) deleting the “and” at
the end of clause (E), (b) inserting “and” at the end of clause (F) and (c) inserting the following new clause (G)
immediately after clause (F): “if after giving effect thereto the sum of (1) the aggregate Dollar Equivalent principal amount
of all Revolving Credit Loans and Swingline Loans then outstanding and (2) the aggregate non-Cash Collateralized Letters of Credit
Outstanding at such time exceeds $300,000,000, shall not result in the Consolidated Senior Secured Debt to Consolidated EBITDA
Ratio exceeding 7.00:1.00 (calculated on a Pro Forma Basis giving effect to all Investments, acquisitions, dispositions, mergers,
consolidations and disposed operations since the last day of the most recently ended Test Period (and the change in Consolidated
EBITDA resulting therefrom))”.

 

2.3          Amendment
to Section 2.5(c). Section 2.5(c) of the Credit Agreement is hereby amended by replacing the reference to “Section 2.14(f)”
with a reference to “Section 2.14(g)”.

 

    3

     

    

 

2.4          Amendment
to Section 2.14(g). Section 2.14(g) of the Credit Agreement is hereby amended by (a) replacing all references to “Section
2.14(f)” with a reference to “Section 2.14(g)” and (b) replacing “$50,000,000” in clause (iv) thereof
with “$35,000,000”.

 

2.5          Amendment
to Section 4.2. Section 4.2 of the Credit Agreement is hereby amended by replacing all references to “Section 2.14(f)”
with a reference to “Section 2.14(g)”.

 

2.6          Amendment
to Section 5.1(a). Section 5.1(a) of the Credit Agreement is hereby amended by replacing the reference to “Section 2.14(f)”
with a reference to “Section 2.14(g)”.

 

2.7          Amendment
to Section 10.5(a)(4). Section 10.5(a)(4) of the Credit Agreement is hereby amended by (a) deleting the “and”
at the end of clause (ii), (b) inserting “and” at the end of clause (iii) and (c) inserting the following new clause
(iv) immediately after clause (iii): “with respect to Restricted Payments made pursuant to clause (1) above (and
for the avoidance of doubt not with respect to Restricted Payments permitted under clauses (1)(A) and/or (1)(B)
thereto), in the case of sub-clauses (A), (D), (E), (F) and (G) in clause (iii) above, after giving Pro Forma Effect to
such Restricted Payments the Consolidated Total Debt to Consolidated EBITDA Ratio is equal to or less than 5.00:1.00.”

 

2.8          Amendment
to Section 10.5(b)(3). Section 10.5(b)(3) of the Credit Agreement is hereby amended by replacing all references to “Section
10.1(bb)(i)(b)” with a reference to “Section 10.1(x)(i)(b)”.

 

2.9          Amendment
to Section 10.5(b)(7). Section 10.5(b)(7) of the Credit Agreement is hereby amended by replacing “125,000,000”
with “100,000,000”.

 

2.10        Amendment
to Section 10.5(b)(11). Section 10.5(b)(11) is hereby amended by inserting the following at the end of such Section, immediately
after the “;”: “ provided that after giving Pro Forma Effect to any such Restricted Payment constituting
a dividend or distribution made pursuant to this clause (11), the Consolidated Total Debt to Consolidated EBITDA Ratio is equal
to or less than 5.00:1.00;”

 

2.11         Amendment
to Section 13. Section 13 of the Credit Agreement is hereby amended by adding at the end of Section 13.22 a new Section 13.23
to read as follows:

 

“SECTION
13.23. Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in
any Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges
that any liability of any EEA Financial Institution arising under any Credit Document, to the extent such liability is unsecured,
may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges
and agrees to be bound by:

 

(a)          the
application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which
may be payable to it by any party hereto that is an EEA Financial Institution; and

 

(b)          the
effects of any Bail-in Action on any such liability, including, if applicable:

 

i)          a
reduction in full or in part or cancellation of any such liability;

 

ii)          a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution,
its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or
other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement
or any other Credit Document; or

 

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iii)          the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution
Authority.”.

 

2.12         Voluntary
Reduction of Revolving Credit Commitments. The Borrowers hereby provide written notice that upon the effectiveness of this
Amendment No. 1, the Revolving Credit Commitments shall be reduced pursuant to Section 4.2 of the Credit Agreement by an amount
equal to $40,000,000. Accordingly, on the Amendment No. 1 Effective Date, the aggregate Revolving Credit Commitments of all Revolving
Credit Lenders shall be $360,000,000.

 

Section
3. Representations.

 

Each
Credit Party hereby represents and warrants that:

 

3.1          All
representations and warranties of the Credit Parties contained herein, in the Credit Agreement (as amended by this Amendment No.
1) or in the other Credit Documents shall be true and correct in all material respects (or, if qualified by “materiality,”
“Material Adverse Effect” or similar language, in all respects (after giving effect to such qualification)) with the
same effect as though such representations and warranties had been made on and as of the Amendment No. 1 Effective Date, except
to the extent that such representations and warranties expressly relate to an earlier specified date or period, in which case
such representations and warranties shall have been true and correct in all material respects as of the date when made or for
the respective period, as the case may be.

 

3.2          The
Revolving Credit Commitments and the Term Loans are “grandfathered obligations” within the meaning of Treasury Regulation
Section 1.1471-2(b)(2)(i).

 

3.3          On
the Amendment No. 1 Effective Date, no Default or Event of Default shall exist immediately before or after giving effect to the
effectiveness hereof.

 

Section
4. Effectiveness. This Amendment No. 1 shall be effective on the date (the “Amendment No. 1 Effective Date”)
on which each of the following conditions have been satisfied (or waived) in accordance with the terms therein:

 

(a)          This
Amendment No. 1 shall have been executed and delivered each Credit Party, the Administrative Agent, the Collateral Agent, Lenders
constituting the Required Lenders, each Amendment No. 1 Consenting Revolving Credit Lender, the Letter of Credit Issuer and the
Swingline Lender;

 

(b)         
all fees and out-of-pocket expenses required to be paid or reimbursed by Holdings and each of the Borrowers pursuant to Section
13.5 of the Credit Agreement in connection with this Amendment No. 1 shall have been paid or reimbursed by (or on behalf of) Holdings
and each of the Borrowers;

 

(c)          The
Administrative Agent shall have received an opinion of Simpson Thacher & Bartlett LLP, in form and substance reasonably satisfactory
to the Administrative Agent;

 

(d)          Revolving
Credit Lenders holding not less than $50,000,000 in Revolving Credit Commitments shall constitute Amendment No. 1 Consenting Revolving
Credit Lenders; and

 

    5

     

    

 

(e)          The
representations and warranties in Section 3 of this Amendment No. 1 shall be true and correct in all material respects (or if
qualified by “materiality,” “material adverse effect” or similar language, in all respects (after giving
effect to such qualification)) on the Amendment No. 1 Effective Date.

 

Section
5. Miscellaneous.

 

5.1          Extended
Revolving Credit Commitments; Extended Revolving Credit Loans; Extension Amendment. This Amendment No. 1 shall constitute
an Extension Amendment. Revolving Credit Commitments of each Amendment No. 1 Consenting Revolving Credit Lender (other than any
Amendment No. 1 Consenting Revolving Credit Lender who has previously notified the Administrative Agent in writing that it will
not extend its prior Revolving Credit Maturity Date) shall constitute Extended Revolving Credit Commitments. Revolving Credit
Loans of each Amendment No. 1 Consenting Revolving Credit Lender (other than any Amendment No. 1 Consenting Revolving Credit Lender
who has previously notified the Administrative Agent in writing that it will not extend its prior Revolving Credit Maturity Date)
shall constitute Extended Revolving Credit Loans.

 

5.2          Credit
Agreement Unaffected. Each reference that is made in the Credit Agreement or any Credit Document to the Credit Agreement shall
hereafter be construed as a reference to the Credit Agreement, as amended hereby. Except as herein otherwise specifically provided,
all provisions of the Credit Agreement shall remain in full force and effect and be unaffected hereby and this Amendment No. 1
will not by implication or otherwise alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants
or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Credit Document, all
of which are ratified and affirmed in all respects and will continue in full force and effect. This Amendment No. 1 is a Credit
Document.

 

5.3          Reaffirmation.
Each of the undersigned Credit Parties acknowledges (i) all of its Obligations (as amended hereby) under the Credit Agreement
and each other Credit Document to which it is a party are reaffirmed and remain in full force and effect on a continuous basis,
(ii) its grant of security interests pursuant to the Credit Documents are reaffirmed and remain in full force and effect after
giving effect to this Amendment No. 1, (iii) the Obligations include, among other things and without limitation, the due and punctual
payment of the principal of, interest on, and premium (if any) on, the Revolving Credit Commitments effected pursuant to this
Amendment No. 1, and (iv) the execution of this Amendment No. 1 shall not operate as a waiver of any right, power or remedy of
the Administrative Agent, the Collateral Agent or any other Secured Party, constitute a waiver of any provision of any of the
Credit Documents or serve to effect a novation of the Obligations.

 

5.4          Counterparts.
This Amendment No. 1 may be executed in any number of counterparts, by different parties hereto in separate counterparts and by
facsimile signature, each of which when so executed and delivered shall be deemed to be an original and all of which taken together
shall constitute but one and the same agreement.

 

5.5          Expenses.
Holdings and each of the Borrowers agree to pay on demand all costs and expenses required to be paid or reimbursed pursuant to
Section 13.5 of the Credit Agreement incurred by the Administrative Agent in connection with the preparation, negotiation and
execution of this Amendment No. 1, including without limitation, the reasonable costs, fees, expenses and disbursements of the
Administrative Agent’s legal counsel.

 

5.6          Severability.
Any term or provision of this Amendment No. 1 held by a court of competent jurisdiction to be invalid or unenforceable shall not
impair or invalidate the remainder of this Amendment No. 1, and the effect thereof shall be confined to the term or provision
so held to be invalid or unenforceable.

 

    6

     

    

 

5.7          Entire
Agreement. This Amendment No. 1 is specifically limited to the matters expressly set forth herein. This Amendment No. 1 and
all other instruments, agreements and documents executed and delivered in connection with this Amendment No. 1 embody the final,
entire agreement among the parties hereto with respect to the subject matter hereof and supersede any and all prior commitments,
agreements, representations and understandings, whether written or oral, relating to the matters covered by this Amendment No.
1, and may not be contradicted or varied by evidence of prior, contemporaneous or subsequent oral agreements or discussions of
the parties hereto. There are no oral agreements among the parties hereto relating to the subject matter hereof or any other subject
matter relating to the Credit Agreement.

 

5.8          Governing
Law; Submission to Jurisdiction, Venue. The provisions of Sections 13.12 and 13.13 of the Credit Agreement apply to this Amendment
No. 1, mutatis mutandis.

 

5.9          JURY
TRIAL WAIVER. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING
TO THIS AMENDMENT NO. 1 OR ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

 

[Remainder
of page intentionally left blank.]

 

    7

     

    

 

IN
WITNESS WHEREOF, this Amendment No. 1 to Credit Agreement has been executed by the parties hereto as of the date first written
above.

 

	 	HOLDINGS:	 
	 	 	 	 
	 	RENAISSANCE PARENT CORP.	 
	 	 	 	 
	 	By:	/s/ Josh
    Weisenbeck	 
	 	Name: Josh Weisenbeck	 
	 	Title: Vice President	 
	 	 	 	 
	 	U.S. BORROWER:	 
	 	 	 	 
	 	GARDNER DENVER, INC.	 
	 	 	 	 
	 	By:	/s/ Andrew
    R. Schiesl	 
	 	Name: Andrew R. Schiesl	 
	 	Title: Secretary and General Counsel	 
	 	 	 	 
	 	GERMAN BORROWER:	 
	 	 	 	 
	 	GD GERMAN HOLDINGS II GMBH	 
	 	 	 	 
	 	By:	/s/ Andrew
    R. Schiesl	 
	 	Name: Andrew R. Schiesl	 
	 	Title: Managing Director	 
	 	 	 	 
	 	UK BORROWER:	 
	 	 	 	 
	 	GD FIRST (UK) LIMITED	 
	 	 	 	 
	 	By:	/s/ Andrew
    R. Schiesl	 
	 	Name: Andrew R. Schiesl	 
	 	Title: Managing Director	 

 

[Amendment
No. 1 Signature Page (Gardner Denver)]

 

    

     

    

 

	 	CREDIT
    PARTIES:
	 	 
	 	GD
    ARIA US FINANCE LLC
	 	GD
    ARIA US FINANCE #2 LLC
	 	 
	 	By:
    Gardner Denver, Inc., as Manager
	 	 
	 	By: 	/s/
    Andrew R. Schiesl
	 	Name:
    Andrew R. Schiesl
	 	Title:
    Secretary and General Counsel
	 	 
	 	AIR-RELIEF,
    INC.
	 	EMCO
    WHEATON USA, INC.
	 	GARDNER
    DENVER HOLDINGS INC.
	 	GARDNER
    DENVER INTERNATIONAL, INC.
	 	GARDNER
    DENVER OBERDORFER PUMPS INC.
	 	GARDNER
    DENVER THOMAS, INC.
	 	GARDNER
    DENVER WATER JETTING SYSTEMS, INC.
	 	LEROI
    INTERNATIONAL, INC.
	 	ROBUSCHI
    USA, INC.
	 	GARDNER
    DENVER PETROLEUM PUMPS LLC
	 	THOMAS
    INDUSTRIES INC.
	 	TRI-CONTINENT
    SCIENTIFIC, INC.
	 	 
	 	By: 	/s/
    Andrew R. Schiesl
	 	Name:
    Andrew R. Schiesl
	 	Title:
    President
	 	 
	 	GARDNER
    DENVER NASH LLC
	 	 
	 	By:
    	/s/
    Andrew R. Schiesl
	 	Name:
    Andrew R. Schiesl
	 	Title:
    Secretary

 

[Amendment
No. 1 Signature Page (Gardner Denver)]

 

    

     

    

 

	 	THE ADMINISTRATIVE AGENT AND
    THE COLLATERAL AGENT:
	 	 	 
	 	UBS AG, STAMFORD BRANCH,
	 	as Administrative
    Agent and Collateral Agent
	 	 	 
	 	By:	/s/ Darelene
    Arias
	 	Name: Darlene Arias
	 	Title: Director
	 	 	 
	 	By:	Denise
    Bushee
	 	Name: Denise Bushee
	 	Title: Associate Director
	 	 	 
	 	LETTER OF CREDIT ISSUER AND AS
    SWINGLINE LENDER
	 	 	 
	 	UBS AG, STAMFORD BRANCH,
	 	as Letter
    of Credit Issuer and as Swingline Lender
	 	 	 
	 	By:	/s/ Darelene
    Arias
	 	Name: Darlene Arias
	 	Title: Director
	 	 	 
	 	By:	Denise
    Bushee
	 	Name: Denise Bushee
	 	Title: Associate Director

 

[Amendment
No. 1 Signature Page (Gardner Denver)]

 

    

     

    

 

	 	      [Revolving Credit Lender signature
    page]	 
	 	 	 	 	,
	 	  (Name of Institution), as a Revolving
    Credit Lender	 
	 	 	 	 
	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	 If a second signature is necessary:	 
	 	 	 	 
	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 

 

[Amendment
No. 1 Signature Page (Gardner Denver)]

 

    

     

    

 

	 	    
	

 [Term Loan Lender signature page]

 	 
	 	 	 	 	,
	 	      (Name of Institution), as a Term
    Loan Lender	 
	 	 	 	 
	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	If a second signature is necessary:	 
	 	 	 	 
	 	By:	 	 
	 	 	Name:	 
	 	 	Title:	 

 

[Amendment
No. 1 Signature Page (Gardner Denver)]Exhibit 10.4 

 

PLEDGE AGREEMENT

 

PLEDGE AGREEMENT, dated as of July 30, 2013,
among Renaissance Parent Corp., a Delaware corporation (“Holdings”), Renaissance Acquisition Corp., which on
the Closing Date shall be merged with Gardner Denver, Inc. (with Gardner Denver, Inc. as the merged company, the “U.S.
Borrower”), each of the Subsidiaries listed on the signature pages hereto or that becomes a party hereto pursuant to
Section 30 hereof (each such Subsidiary being a “Subsidiary Pledgor” and, collectively, the “Subsidiary
Pledgors”; the Subsidiary Pledgors and the U.S. Borrower are referred to collectively as the “Pledgors”)
and UBS AG, Stamford Branch, as collateral agent (in such capacity, the “Collateral Agent”) for the benefit
of the Secured Parties.

 

W I T N E S S E T H:

 

WHEREAS, the U.S. Borrower is party to the
Credit Agreement, dated as of the date hereof (as the same may be amended, restated, supplemented or otherwise modified, refinanced
or replaced from time to time, the “Credit Agreement”), among the U.S. Borrower, other Borrowers from time to
time party thereto, Holdings, the Lenders from time to time party thereto and UBS AG, Stamford Branch, as Administrative Agent
and as Collateral Agent;

 

WHEREAS, (a) pursuant to the Credit Agreement,
the Lenders have severally agreed to make Loans to the Borrowers, the Swingline Lender has agreed to make Swingline Loans and the
Letter of Credit Issuer has agreed to issue Letters of Credit for the account of the Borrowers and the Restricted Subsidiaries
upon the terms and subject to the conditions set forth therein and (b) one or more Cash Management Banks or Hedge Banks may
from time to time enter into Secured Cash Management Agreements or Secured Hedge Agreements with Holdings and/or its Subsidiaries;

 

WHEREAS, pursuant to the Guarantee, dated
as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Guarantee”),
each Pledgor has agreed to unconditionally and irrevocably guarantee, as primary obligor and not merely as surety, to the Collateral
Agent for the benefit of the Secured Parties, the prompt and complete payment and performance when due (whether at the stated maturity,
by acceleration or otherwise) of the Obligations (as defined below);

 

WHEREAS, the proceeds of the Loans, the issuance
of the Letters of Credit and the provision of Secured Cash Management Agreements and Secured Hedge Agreements will be used in part
to enable the Borrowers to make valuable transfers to the Pledgors in connection with the operation of their respective businesses;

 

WHEREAS, each Pledgor acknowledges that it
will derive substantial direct and indirect benefit from the making of the Loans and the issuance of the Letters of Credit and
the provision of Secured Cash Management Agreements and Secured Hedge Agreements;

 

WHEREAS, it is a condition precedent to the
obligation of the Lenders to make their respective Loans and to the obligation of the Letter of Credit Issuer to issue Letters
of Credit under the Credit Agreement that the Pledgors shall have executed and delivered this Pledge Agreement to the Collateral
Agent for the benefit of the Secured Parties; and

 

    	 

    	 

    

WHEREAS, (a) the Pledgors are the legal and
beneficial owners of the Equity Interests, described in Schedule 1 hereto and issued by the entities named therein (such Equity
Interests are, together with any Equity Interests of the issuer of such Equity Interests or any other Subsidiary directly held
by any Pledgor in the future (the “After-acquired Shares”), in each case, except to the extent excluded from
the Collateral for the applicable Obligations pursuant to the last paragraph of Section 2 below, referred to collectively herein
as the “Pledged Shares”) and (b) each of the Pledgors is the legal and beneficial owner of the Indebtedness
described in Schedule 1 hereto (together with any other Indebtedness owed to any Pledgor hereafter and required to be pledged pursuant
to Section 9.12 of the Credit Agreement, the “Pledged Debt”);

 

NOW, THEREFORE, in consideration of the premises
and to induce the Administrative Agent, the Collateral Agent and the Lenders to enter into the Credit Agreement and to induce the
Lenders to make their respective Loans, the Swingline Lender to to make Swingline Loans and the Letter of Credit Issuers to issue
Letters of Credit for the account of the Borrowers and the Restricted Subsidiaries under the Credit Agreement and to induce one
or more Lenders or Affiliates of Lenders to enter into Secured Cash Management Agreements and Secured Hedge Agreements with Holdings
and/or its Subsidiaries, the Pledgors hereby agree with the Collateral Agent, for the benefit of the Secured Parties, as follows:

 

1.       Defined Terms.

 

(a)     Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

 

(b)     “Authorized Representative”
means, with respect to any Pari Passu Obligations, the trustee, administrative agent, collateral agent, security agent or similar
agent under the indenture or agreement pursuant to which such Pari Passu Obligations is issued, incurred or otherwise obtained,
as the case may be, and each of their successors in such capacities.

 

(c)     “Collateral” shall
have the meaning provided in Section 2.

 

(d)     “Equity Interests”
shall mean, collectively, Stock and Stock Equivalents.

 

(e)     “Intercreditor Agreement”
shall have the meaning provided in Section 26.

 

(f)     “Obligations” shall
mean the Obligations (as defined in the Credit Agreement) and any Pari Passu Obligations.

 

(g)     “Pari Passu Agreement”
shall mean any indenture, credit agreement or other agreement, if any, pursuant to which any Borrower has or will incur Pari Passu
Obligations; provided that, in each case, the Indebtedness thereunder has been designated as Pari Passu Obligations pursuant
to and in accordance with Section 27.

 

(h)     “Pari Passu Obligations”
shall mean any principal, interest (including any interest accruing subsequent to the filing of a petition in bankruptcy, reorganization
or similar proceeding with respect to any Borrower, whether or not such interest is an allowed claim under applicable state, federal
or foreign law), premium, penalties, fees, indemnifications, reimbursements, damages and other liabilities, and guarantees of payment
of such principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under any
Pari Passu Agreement, in each case, that have been designated as Pari Passu Obligations pursuant to and in accordance with Section
27; provided that for the avoidance of doubt, no obligations in respect of Pari Passu Obligations shall constitute “Obligations”
hereunder unless the Authorized Representative for the holders of such Pari Passu Obligations has executed a Pari Passu Secured
Party Consent and has become a party to the Intercreditor Agreement.

 

    	-2-

    	 

    

(i)     “Pari Passu Secured Parties”
shall mean the holders from time to time of Pari Passu Obligations.

 

(j)     “Pari Passu Secured Party
Consent” shall mean a consent in the form of Annex B to this Security Agreement executed by the Authorized Representative
of any holders of Pari Passu Obligations pursuant to Section 27.

 

(k)     “Proceeds” and any
other term used herein or in the Credit Agreement without definition that is defined in the UCC has the meaning given to it in
the UCC.

 

(l)     “Secured Parties”
shall have the meaning assigned to such term in the Security Agreement.

 

(m)     “UCC” shall mean
the Uniform Commercial Code as from time to time in effect in the State of New York; provided, however, that, in
the event that, by reason of mandatory provisions of law, any of the attachment, perfection or priority of the Collateral Agent’s
and the Secured Parties’ security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a
jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect
in such other jurisdiction for purposes of the provisions hereof relating to such attachment, perfection or priority and for purposes
of definitions related to such provisions.

 

(n)     The words “hereof”, “herein”
and “hereunder” and words of similar import when used in this Pledge Agreement shall refer to this Pledge Agreement
as a whole and not to any particular provision of this Pledge Agreement, and Section references are to Sections of this Pledge
Agreement unless otherwise specified. The words “include”, “includes” and “including” shall
be deemed to be followed by the phrase “without limitation”.

 

(o)     The meanings given to terms defined
herein shall be equally applicable to both the singular and plural forms of such terms.

 

2.       Grant of Security. Each Pledgor
hereby transfers, assigns and pledges to the Collateral Agent, for the benefit of the Secured Parties, and grants to the Collateral
Agent, for the benefit of the Secured Parties, a lien on and a security interest in (the “Security Interest”)
all of such Pledgor’s right, title and interest in, to and under the following, whether now owned or existing or at any time
hereafter acquired or existing (collectively, the “Collateral”):

 

(a)     the Pledged Shares held
by such Pledgor and the certificates representing such Pledged Shares and any interest of such Pledgor in the entries on the books
of the issuer of the Pledged Shares or any financial intermediary pertaining to the Pledged Shares and all dividends, cash, warrants,
rights, instruments and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of
or in exchange for any or all of the Pledged Shares.

 

(b)     the Pledged Debt and the
instruments evidencing the Pledged Debt owed to such Pledgor, and all interest, cash, instruments and other property or Proceeds
from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such Pledged Debt;
and

 

    	-3-

    	 

    

(c)     to the extent not covered
by clauses (a) and (b) above, respectively, all Proceeds of any or all of the foregoing Collateral.

 

Notwithstanding the foregoing, the Collateral
for the Obligations shall not include any Excluded Stock and Stock Equivalents.

 

3.       Security for Obligations. This
Pledge Agreement secures the payment of all the Obligations of each Credit Party. Without limiting the generality of the foregoing,
this Pledge Agreement secures the payment of all amounts that constitute part of the Obligations and would be owed by any of the
Credit Parties to the Secured Parties under the Credit Documents but for the fact that they are unenforceable or not allowable
due to the existence of a bankruptcy, reorganization or similar proceeding involving any Credit Party.

 

4.       Delivery of the Collateral. All
certificates or instruments, if any, representing or evidencing the Collateral shall be promptly delivered to and held by or on
behalf of the Collateral Agent pursuant hereto to the extent required by the Credit Agreement and shall be in suitable form for
transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and
substance reasonably satisfactory to the Collateral Agent. The Collateral Agent shall have the right, at any time after the occurrence
and during the continuance of an Event of Default, subject to the Intercreditor Agreements, and with notice to the relevant Pledgor,
to transfer to or to register in the name of the Collateral Agent or any of its nominees any or all of the Pledged Shares. Each
delivery of Collateral (including any After-acquired Shares) shall be accompanied by a notice to the Collateral Agent describing
the securities theretofore and then being pledged hereunder.

 

5.       Representations and Warranties.
Each Pledgor represents and warrants as follows:

 

(a)     Schedule 1 hereto (i) correctly
represents as of the Closing Date (A) the issuer, the certificate number, the Pledgor and the record and beneficial owner, the
number and class and the percentage of the issued and outstanding Equity Interests of such class of all Pledged Shares and (B)
the issuer, the initial principal amount, the Pledgor and holder, date of issuance and maturity date of all Pledged Debt and (ii)
together with the comparable schedule to each supplement hereto, includes all Equity Interests, debt securities and promissory
notes required to be pledged hereunder. Except as set forth on Schedule 1, and except for Excluded Stock and Stock Equivalents,
the Pledged Shares represent all (or 66% in the case of pledges of the Voting Stock of Foreign Subsidiaries) of the issued and
outstanding Equity Interests of each class of Equity Interests in the issuer on the Closing Date.

 

(b)     Such Pledgor is the legal
and beneficial owner of the Collateral pledged or assigned by such Pledgor hereunder free and clear of any Lien, except for Permitted
Liens and the Lien created by this Pledge Agreement.

 

(c)     As of the Closing Date,
the Pledged Shares pledged by such Pledgor hereunder have been duly authorized and validly issued and, in the case of Pledged Shares
issued by a corporation, are fully paid and non-assessable.

 

(d)     The execution and delivery
by such Pledgor of this Pledge Agreement and the pledge of the Collateral pledged by such Pledgor hereunder pursuant hereto create
a legal, valid and enforceable security interest in such Collateral (with respect to Collateral consisting of the Equity Interests
of Foreign Subsidiaries, to the extent the creation of such Security Interest is governed by the UCC) and, upon delivery of such
Collateral to the Collateral Agent in the State of New York, shall constitute a fully perfected Lien on and security interest in
the Collateral, securing the payment of the Obligations, in favor of the Collateral Agent for the benefit of the Secured Parties
(with respect to Collateral consisting of the Equity Interests of Foreign Subsidiaries, to the extent the creation and perfection
of such Security Interest is governed by the UCC), except as enforceability thereof may be limited by bankruptcy, insolvency or
other similar laws affecting creditors’ rights generally and subject to general principles of equity.

 

    	-4-

    	 

    

(e)     Such Pledgor has full power,
authority and legal right to pledge all the Collateral pledged by such Pledgor pursuant to this Pledge Agreement and this Pledge
Agreement constitutes a legal, valid and binding obligation of each Pledgor (with respect to Collateral consisting of the Equity
Interests of Foreign Subsidiaries, to the extent the enforceability of such Security Interest is governed by the UCC), enforceable
in accordance with its terms, except as enforceability thereof may be limited by bankruptcy, insolvency or other similar laws affecting
creditors’ rights generally and subject to general principles of equity.

 

6.       Certification of Limited Liability
Company, Limited Partnership Interests, Equity Interests in Foreign Subsidiaries and Pledged Debt.

 

(a)     In the event that any Equity Interests
in any Subsidiary that is organized as a limited liability company or limited partnership and pledged hereunder shall be represented
by a certificate, the applicable Pledgor shall cause the issuer of such interests to elect to treat such interests as a “security”
within the meaning of Article 8 of the Uniform Commercial Code of its jurisdiction of organization or formation, as applicable,
by including in its organizational documents language substantially similar to the following and, accordingly, such interests shall
be governed by Article 8 of the Uniform Commercial Code:

 

“The Partnership/Company hereby irrevocably elects
that all membership interests in the Partnership/Company shall be securities governed by Article 8 of the Uniform Commercial Code
of [jurisdiction of organization or formation, as applicable]. Each certificate evidencing partnership/membership interests in
the Partnership/Company shall bear the following legend: “This certificate evidences an interest in [name of Partnership/LLC]
and shall be a security for purposes of Article 8 of the Uniform Commercial Code.” No change to this provision shall be effective
until all outstanding certificates have been surrendered for cancellation and any new certificates thereafter issued shall not
bear the foregoing legend.”

 

(b)     Each Pledgor will comply with Section
9.12 of the Credit Agreement.

 

(c)     In the event that any Equity Interests
in any Foreign Subsidiary pledged hereunder are not represented by a certificate, the Pledgors agree not to permit such Foreign
Subsidiary to issue Equity Interests represented by a certificate to any other Person.

 

7.       Further Assurances. Each Pledgor
agrees that at any time and from time to time, at the expense of such Pledgor, it will execute or otherwise authorize the filing
of any and all further documents, financing statements, agreements and instruments, and take all such further actions (including
the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other documents), which may be
required under any applicable law, or which the Collateral Agent or the Administrative Agent may reasonably request, in order (x)
to perfect and protect any pledge, assignment or security interest granted or purported to be granted hereby (including the priority
thereof) or (y) to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral.

 

    	-5-

    	 

    

8.       Voting Rights; Dividends and Distributions;
Etc.

 

(a)     So long as no Event of Default shall
have occurred and be continuing:

 

(i)     Each Pledgor shall be entitled
to exercise any and all voting and other consensual rights pertaining to the Collateral or any part thereof for any purpose not
prohibited by the terms of this Pledge Agreement or the other Credit Documents.

 

(ii)     The Collateral Agent shall
execute and deliver (or cause to be executed and delivered) to each Pledgor all such proxies and other instruments as such Pledgor
may reasonably request for the purpose of enabling such Pledgor to exercise the voting and other rights that it is entitled to
exercise pursuant to paragraph (i) above.

 

(b)     Subject to paragraph (c) below, each
Pledgor shall be entitled to receive and retain and use, free and clear of the Lien created by this Pledge Agreement, any and all
dividends, distributions, principal and interest made or paid in respect of the Collateral to the extent permitted by the Credit
Agreement, as applicable; provided, however, that any and all noncash dividends, interest, principal or other distributions
that would constitute Pledged Shares or Pledged Debt, whether resulting from a subdivision, combination or reclassification of
the outstanding Equity Interests of the issuer of any Pledged Shares or received in exchange for Pledged Shares or Pledged Debt
or any part thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets
to which such issuer may be a party or otherwise, shall be, and shall be forthwith delivered to the Collateral Agent to hold as,
Collateral and shall, if received by such Pledgor, be received in trust for the benefit of the Collateral Agent, be segregated
from the other property or funds of such Pledgor and be forthwith delivered to the Collateral Agent as Collateral in the same form
as so received (with any necessary endorsement).

 

(c)     Upon written notice to a Pledgor by
the Collateral Agent following the occurrence and during the continuance of an Event of Default, subject to the terms of the Intercreditor
Agreements,

 

(i)     all rights of such Pledgor
to exercise or refrain from exercising the voting and other consensual rights that it would otherwise be entitled to exercise pursuant
to Section 8(a)(i) shall cease, and all such rights shall thereupon become vested in the Collateral Agent, which shall thereupon
have the sole right to exercise or refrain from exercising such voting and other consensual rights during the continuance of such
Event of Default, provided that, unless otherwise directed by the Required Lenders, the Collateral Agent shall have the
right from time to time following the occurrence and during the continuance of an Event of Default, subject to the terms of the
Intercreditor Agreements, to permit the Pledgors to exercise such rights. After all Events of Default have been cured or waived,
each Pledgor will have the right to exercise the voting and consensual rights that such Pledgor would otherwise be entitled to
exercise pursuant to the terms of Section 8(a)(i) (and the obligations of the Collateral Agent under Section 8(a)(ii) shall be
reinstated);

 

(ii)     all rights of such Pledgor
to receive the dividends, distributions and principal and interest payments that such Pledgor would otherwise be authorized to
receive and retain pursuant to Section 8(b) shall cease, and all such rights shall thereupon become vested in the Collateral Agent,
which, subject to the terms of the Intercreditor Agreements, shall thereupon have the sole right to receive and hold as Collateral
such dividends, distributions and principal and interest payments during the continuance of such Event of Default. After all Events
of Default have been cured or waived, the Collateral Agent shall repay to each Pledgor (without interest) all dividends, distributions
and principal and interest payments that such Pledgor would otherwise be permitted to receive, retain and use pursuant to the terms
of Section 8(b);

 

    	-6-

    	 

    

(iii)     all dividends, distributions
and principal and interest payments that are received by such Pledgor contrary to the provisions of Section 8(b) shall be received
in trust for the benefit of the Collateral Agent shall be segregated from other property or funds of such Pledgor and shall forthwith
be delivered to the Collateral Agent as Collateral in the same form as so received (with any necessary endorsements); and

 

(iv)     in order to permit the
Collateral Agent to receive all dividends, distributions and principal and interest payments to which it may be entitled under
Section 8(b) above, to exercise the voting and other consensual rights that it may be entitled to exercise pursuant to Section
8(c)(i) above, and to receive all dividends, distributions and principal and interest payments that it may be entitled to under
Sections 8(c)(ii) and (c)(iii) above, such Pledgor shall from time to time execute and deliver to the Collateral Agent, appropriate
proxies, dividend payment orders and other instruments as the Collateral Agent may reasonably request in writing, subject to the
terms of the Intercreditor Agreements.

 

9.       Transfers and Other Liens; Additional
Collateral; Etc. Subject to the terms of the Intercreditor Agreements, each Pledgor shall:

 

(a)     not (i) except as permitted
by the Credit Agreement, sell or otherwise dispose of, or grant any option or warrant with respect to, any of the Collateral or
(ii) create or suffer to exist any consensual Lien upon or with respect to any of the Collateral, except for the Lien created by
this Pledge Agreement provided that in the event such Pledgor sells or otherwise disposes of assets as permitted by the
Credit Agreement, and such assets are or include any of the Collateral, upon the request of the applicable Pledgor the Collateral
Agent shall release such Collateral to such Pledgor free and clear of the Lien created by this Agreement concurrently with the
consummation of such sale; and

 

(b)     defend its and the Collateral
Agent’s title or interest in and to all the Collateral (and in the Proceeds thereof) against any and all Liens (other than
Permitted Liens and the Lien created by this Agreement), however arising, and any and all Persons whomsoever.

 

10.       Collateral Agent Appointed Attorney-in-Fact.
Each Pledgor hereby appoints, which appointment is irrevocable and coupled with an interest, the Collateral Agent as such Pledgor’s
attorney-in-fact, with full authority in the place and stead of such Pledgor and in the name of such Pledgor or otherwise, to take
any action and to execute any instrument, in each case after the occurrence and during the continuance of an Event of Default (and
with notice to such Pledgor), that the Collateral Agent may deem reasonably necessary or advisable to accomplish the purposes of
this Pledge Agreement, including to receive, indorse and collect all instruments made payable to such Pledgor representing any
dividend, distribution or principal or interest payment in respect of the Collateral or any part thereof and to give full discharge
for the same.

 

11.       The Collateral Agent’s Duties.
The powers conferred on the Collateral Agent hereunder are solely to protect its interest in the Collateral and shall not impose
any duty upon it to exercise any such powers. Except for the safe custody of any Collateral in its possession and the accounting
for moneys actually received by it hereunder, the Collateral Agent shall have no duty as to any Collateral, as to ascertaining
or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Pledged Shares,
whether or not the Collateral Agent or any other Secured Party has or is deemed to have knowledge of such matters, or as to the
taking of any necessary steps to preserve rights against any parties or any other rights pertaining to any Collateral. The Collateral
Agent shall be deemed to have exercised reasonable care in the custody and preservation of any Collateral in its possession if
such Collateral is accorded treatment substantially equal to that which the Collateral Agent accords its own property.

 

    	-7-

    	 

    

12.       Remedies. Subject to the terms
of the Intercreditor Agreements, if any Event of Default shall have occurred and be continuing:

 

(a)     The Collateral Agent may
exercise in respect of the Collateral, in addition to other rights and remedies provided for herein or otherwise available to it,
all the rights and remedies of a secured party upon default under the UCC or any other applicable law (whether or not the UCC applies
to the affected Collateral) and also may with notice to the relevant Pledgor, sell the Collateral or any part thereof in one or
more parcels at public or private sale or sales, at any exchange broker’s board or at any of the Collateral Agent’s
offices or elsewhere, for cash, on credit or for future delivery, at such price or prices and upon such other terms as are commercially
reasonable irrespective of the impact of any such sales on the market price of the Collateral. The Collateral Agent shall be authorized
at any such sale (if it deems it advisable to do so) to restrict the prospective bidders or purchasers of Collateral to Persons
who will represent and agree that they are purchasing the Collateral for their own account for investment and not with a view to
the distribution or sale thereof, and, upon consummation of any such sale, the Collateral Agent shall have the right to assign,
transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each purchaser at any such sale shall hold
the property sold absolutely free from any claim or right on the part of any Pledgor, and each Pledgor hereby waives (to the extent
permitted by law) all rights of redemption, stay and/or appraisal that it now has or may at any time in the future have under any
rule of law or statute now existing or hereafter enacted. The Collateral Agent or any Secured Party shall have the right upon any
such public sale, and, to the extent permitted by law, upon any such private sale, to purchase all or any part of the Collateral
so sold, and the Collateral Agent or such Secured Party may pay the purchase price by crediting the amount thereof against the
Obligations. Each Pledgor agrees that, to the extent notice of sale shall be required by law, at least ten days’ notice to
such Pledgor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable
notification. The Collateral Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been
given. The Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed
therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. To the extent
permitted by law, each Pledgor hereby waives any claim against the Collateral Agent arising by reason of the fact that the price
at which any Collateral may have been sold at such a private sale was less than the price that might have been obtained at a public
sale, even if the Collateral Agent accepts the first offer received and does not offer such Collateral to more than one offeree.

 

(b)     The Collateral Agent shall
apply the Proceeds of any collection or sale of the Collateral in the manner specified in Section 11.13 of the Credit Agreement.
Upon any sale of the Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial
proceeding), the receipt of the Collateral Agent or of the officer making the sale shall be a sufficient discharge to the purchaser
or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any
part of the purchase money paid over to the Collateral Agent or such officer or be answerable in any way for the misapplication
thereof.

 

(c)     The Collateral Agent may
exercise any and all rights and remedies of each Pledgor in respect of the Collateral.

 

    	-8-

    	 

    

(d)     All payments received by
any Pledgor in respect of the Collateral after the occurrence and during the continuance of an Event of Default, shall be received
in trust for the benefit of the Collateral Agent shall be segregated from other property or funds of such Pledgor and shall be
forthwith delivered to the Collateral Agent as Collateral in the same form as so received (with any necessary endorsement).

 

13.       Amendments, etc. with Respect to
the Obligations; Waiver of Rights. Each Pledgor shall remain obligated hereunder notwithstanding that, without any reservation
of rights against any Pledgor and without notice to or further assent by any Pledgor, (a) any demand for payment of any of the
Obligations made by the Collateral Agent or any other Secured Party may be rescinded by such party and any of the Obligations continued,
(b) the Obligations, or the liability of any other party upon or for any part thereof, or any collateral security or guarantee
therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified,
accelerated, compromised, waived, surrendered or released by the Collateral Agent or any other Secured Party, (c) the Credit
Agreement, the other Credit Documents and any other documents executed and delivered in connection therewith and the Secured Cash
Management Agreements, Secured Hedge Agreements and any other documents executed and delivered in connection therewith and the
Pari Passu Agreements and any other documents executed and delivered in connection therewith may be amended, modified, supplemented
or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders, as the case may be, or, in the case of
any Secured Hedge Agreement or Secured Cash Management Agreement, the Hedge Bank or Cash Management Bank party thereto or, in the
case of any Pari Passu Agreement, the holders of the applicable Pari Passu Obligations) may deem advisable from time to time and
(d) any collateral security, guarantee or right of offset at any time held by the Collateral Agent or any other Secured Party for
the payment of the Obligations may be sold, exchanged, waived, surrendered or released. Neither the Collateral Agent nor any other
Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the
Obligations or for this Pledge Agreement or any property subject thereto. When making any demand hereunder against any Pledgor,
the Collateral Agent or any other Secured Party may, but shall be under no obligation to, make a similar demand on any Pledgor
or any other Person, and any failure by the Collateral Agent or any other Secured Party to make any such demand or to collect any
payments from any Pledgor or any other Person or any release of the Company or any Pledgor or any other Person shall not relieve
any Pledgor in respect of which a demand or collection is not made or any Pledgor not so released of its several obligations or
liabilities hereunder, and shall not impair or affect the rights and remedies, express or implied, or as a matter of law, of the
Collateral Agent or any other Secured Party against any Pledgor. For the purposes hereof “demand” shall include the
commencement and continuance of any legal proceedings.

 

14.       Continuing Security Interest; Assignments
Under the Credit Agreement; Release.

 

(a)     This Pledge Agreement shall remain
in full force and effect and be binding in accordance with and to the extent of its terms upon each Pledgor and the successors
and assigns thereof, and shall inure to the benefit of the Collateral Agent and the other Secured Parties and their respective
successors, endorsees, transferees and assigns until all the Obligations under the Credit Documents and each Pari Passu Agreement
(other than, in each case, any contingent indemnity obligations not then due, any Secured Hedge Obligations or any Secured Cash
Management Obligations) shall have been satisfied by payment in full, the Commitments shall be terminated and all Letters of Credit
have expired or terminated and after all Letter of Credit Outstandings have been reduced to zero (or all such Letters of Credit
and Letter of Credit Outstandings have been Cash Collateralized in a manner reasonably satisfactory to the applicable Letter of
Credit Issuers), notwithstanding that from time to time during the term of the Credit Agreement the Credit Parties may be free
from any Obligations.

 

    	-9-

    	 

    

(b)     Any Pledgor shall automatically be
released from its obligations hereunder and the Collateral of such Pledgor shall be automatically released (x) as it relates to
the Obligations (as defined in the Credit Agreement) upon such Pledgor ceasing to be a Credit Party in accordance with Section
13.1 of the Credit Agreement and (y) as it relates to any Pari Passu Obligations, if it ceases to be a guarantor under such Pari
Passu Agreement pursuant to the applicable provisions(s) of such Pari Passu Agreement.

 

(c)     The Collateral shall be automatically
released from the Liens of this Agreement (x) as it relates to the Obligations (as defined in the Credit Agreement) (i) to the
extent provided for in Section 13.1 of the Credit Agreement and (ii) upon the effectiveness of any written consent to the release
of the security interest granted in such Collateral pursuant to Section 13.1 of the Credit Agreement and (y) as it relates
to any Pari Passu Obligations, in whole or in part, as provided in any Pari Passu Agreement governing such obligations. Any such
release in connection with any sale, transfer or other disposition of such Collateral permitted under the Credit Agreement and
each Pari Passu Agreement shall result in such Collateral being sold, transferred or disposed of, as applicable, free and clear
of the Liens of this Agreement.

 

(d)     In connection with any termination
or release pursuant to the foregoing paragraph (a), (b) or (c), the Collateral Agent shall execute and deliver to any Pledgor or
authorize the filing of, at such Pledgor’s expense, all documents that such Pledgor shall reasonably request to evidence
such termination or release. Any execution and delivery of documents pursuant to this Section 14 shall be without recourse to or
warranty by the Collateral Agent.

 

15.       Reinstatement. Each Pledgor
further agrees that, if any payment made by any Credit Party or other Person and applied to the Obligations is at any time annulled,
avoided, set aside, rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be refunded or repaid,
or the Proceeds of Collateral are required to be returned by any Secured Party to such Credit Party, its estate, trustee, receiver
or any other Person, including any Pledgor, under any bankruptcy law, state, federal or foreign law, common law or equitable cause,
then, to the extent of such payment or repayment, any Lien or other Collateral securing such liability shall be and remain in full
force and effect, as fully as if such payment had never been made or, if prior thereto the Lien granted hereby or other Collateral
securing such liability hereunder shall have been released or terminated by virtue of such cancellation or surrender), such Lien
or other Collateral shall be reinstated in full force and effect, and such prior cancellation or surrender shall not diminish,
release, discharge, impair or otherwise affect any Lien or other Collateral securing the obligations of any Pledgor in respect
of the amount of such payment.

 

16.       Notices. All notices, requests
and demands pursuant hereto shall be made in accordance with Section 13.2 of the Credit Agreement. All communications and notices
hereunder to any Pledgor shall be given to it in care of Holdings at Holdings’ address set forth in Section 13.2 of the Credit
Agreement.

 

17.       Counterparts. This Pledge Agreement
may be executed by one or more of the parties to this Pledge Agreement on any number of separate counterparts (including by facsimile
or other electronic transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument.

 

18.       Severability. Any provision
of this Pledge Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

 

    	-10-

    	 

    

19.       Integration. This Pledge Agreement
together with the other Credit Documents represents the agreement of each of the Pledgors with respect to the subject matter hereof
and there are no promises, undertakings, representations or warranties by the Collateral Agent or any other Secured Party relative
to the subject matter hereof not expressly set forth herein or in the other Credit Documents.

 

20.       Amendments in Writing; No Waiver;
Cumulative Remedies.

 

(a)     None of the terms or provisions of
this Pledge Agreement may be waived, amended, supplemented or otherwise modified except by a written instrument executed by the
affected Pledgor and the Collateral Agent in accordance with Section 13.1 of the Credit Agreement.

 

(b)     Neither the Collateral Agent nor any
Secured Party shall by any act (except by a written instrument pursuant to Section 20(a) hereof), delay, indulgence, omission or
otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default or in
any breach of any of the terms and conditions hereof. No failure to exercise, nor any delay in exercising, on the part of the Collateral
Agent or any other Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial
exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any
other right, power or privilege. A waiver by the Collateral Agent or any other Secured Party of any right or remedy hereunder on
any one occasion shall not be construed as a bar to any right or remedy that the Collateral Agent or such other Secured Party would
otherwise have on any future occasion.

 

(c)     The rights, remedies, powers and privileges
herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided
by law.

 

21.       Section Headings. The Section
headings used in this Pledge Agreement are for convenience of reference only and are not to affect the construction hereof or be
taken into consideration in the interpretation hereof.

 

22.       Successors and Assigns. This
Pledge Agreement shall be binding upon the successors and assigns of each Pledgor and shall inure to the benefit of the Collateral
Agent and the other Secured Parties and their respective successors and assigns, except that no Pledgor may assign, transfer or
delegate any of its rights or obligations under this Pledge Agreement without the prior written consent of the Collateral Agent.

 

23.       WAIVER OF JURY TRIAL. EACH PARTY
HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS PLEDGE AGREEMENT,
ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

 

24.       Submission to Jurisdiction; Waivers.
Each party hereto irrevocably and unconditionally:

 

(a)     submits for itself and
its property in any legal action or proceeding relating to this Pledge Agreement and the other Credit Documents to which it is
a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts
of the State and County of New York, the courts of the United States of America for the Southern District of New York and appellate
courts from any thereof;

 

    	-11-

    	 

    

(b)     consents that any such
action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any
such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not
to plead or claim the same and not to commence or support any such action or proceeding in any other jurisdiction;

 

(c)     agrees that service of
process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially
similar form of mail), postage prepaid, to such Person at its address referred to in Section 16 or at such other address of which
the Collateral Agent shall have been notified pursuant thereto;

 

(d)     agrees that nothing herein
shall affect the right of any other party hereto (or any Secured Party) to effect service of process in any other manner permitted
by law or shall limit the right of any party hereto (or any Secured Party) to sue in any other jurisdiction; and

 

(e)     waives, to the maximum
extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section
24 any special, exemplary, punitive or consequential damages.

 

25.       GOVERNING LAW. THIS PLEDGE
AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK.

 

26.       Intercreditor Agreement. Notwithstanding
anything herein to the contrary, the liens and security interests granted to the Collateral Agent pursuant to this Agreement and
the exercise of any right or remedy by the Collateral Agent hereunder, are subject to the provisions of any First Lien Intercreditor
Agreement and/or Second Lien Intercreditor Agreement (each, an “Intercreditor Agreement”). In the event of any
conflict between the terms of any Intercreditor Agreement and the terms of this Agreement, the terms of such Intercreditor Agreement
shall govern and control. No right, power or remedy granted to the Collateral Agent hereunder shall be exercised by the Collateral
Agent, and no direction shall be given by the Collateral Agent, in contravention of any such Intercreditor Agreement.

 

27.       Pari Passu Obligations. On or
after the date hereof and so long as expressly permitted by the Credit Agreement, the Borrowers may from time to time designate
Indebtedness at the time of incurrence to be secured on a pari passu basis with the Obligations (as defined in the Credit Agreement)
as Pari Passu Obligations hereunder by delivering to the Collateral Agent and each other Authorized Representative (a) a certificate
signed by an Authorized Officer of the Borrowers (upon which the Collateral Agent may conclusively and exclusively rely) (i) identifying
the obligations so designated and the aggregate principal amount or face amount thereof, (ii) stating that such obligations are
designated as “Pari Passu Obligations” for purposes hereof, (iii) representing that such designation of such obligations
as Pari Passu Obligations complies with the terms of the Credit Agreement and each then extant Pari Passu Agreement, (iv) specifying
the name and address of the Authorized Representative for such obligations and (vi) stating that Pledgors have complied with their
obligations hereunder, (b) a fully executed Pari Passu Secured Party Consent (in the form attached as Annex B) and (c) a fully
executed joinder to any applicable Intercreditor Agreement. Each Authorized Representative agrees that upon the satisfaction of
all conditions set forth in the preceding sentence, the Collateral Agent shall act as agent under and subject to the terms of the
Security Documents for the benefit of all Secured Parties, including, without limitation, any Secured Parties that hold any such
Pari Passu Obligations, and each Authorized Representative agrees to the appointment, and acceptance of the appointment, of the
Collateral Agent as agent for the holders of such Pari Passu Obligations as set forth in each Pari Passu Secured Party Consent
and agrees, on behalf of itself and each Secured Party it represents, to be bound by this Security Agreement and the Intercreditor
Agreement. Notwithstanding the delivery of the Pari Passu Secured Party Consent set forth above, the Collateral Agent shall not
be obligated to act as Collateral Agent for any New Secured Parties (as such term is defined in Exhibit B hereto) whatsoever or
to execute any document whatsoever if in the sole judgment of the Collateral Agent doing so would impose, purport to impose or
might reasonably be expected to impose upon the Collateral Agent any obligation or liability for which the Collateral Agent is
not in its sole discretion adequately protected. In no event shall the Collateral Agent be subject to any document that it has
not executed. No Pari Passu Secured Party Consent shall be effective until it has been accepted in writing by the Collateral Agent.

 

    	-12-

    	 

    

28.       Enforcement Expenses; Indemnification.

 

(a)     Each Pledgor agrees to pay any and
all reasonable out of pocket expenses (including all reasonable fees and disbursements of counsel) that may be paid or incurred
by any Secured Party in enforcing, or obtaining advice of counsel in respect of, any rights with respect to, or collecting, any
or all of the Obligations and/or enforcing any rights with respect to, or collecting against, such Pledgor under this Pledge Agreement.

 

(b)     Each Pledgor agrees to pay, and to
save the Collateral Agent and the Secured Parties harmless from, any and all liabilities with respect to, or resulting from any
delay in paying, any and all stamp, excise, sales or other taxes that may be payable or determined to be payable with respect to
any of the Collateral or in connection with any of the transactions contemplated by this Pledge Agreement.

 

(c)     Each Pledgor agrees to pay, and to
save the Collateral Agent and the Secured Parties harmless from, any and all liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery,
enforcement, performance and administration of this Pledge Agreement to the extent the Borrowers would be required to do so pursuant
to Section 13.5 of the Credit Agreement.

 

(d)     The agreements in this Section 28 shall
survive repayment of the Obligations and all other amounts payable under the Credit Agreement and the other Credit Documents.

 

29.       Acknowledgments. Each party
hereto hereby acknowledges that:

 

(a)     it has been advised by counsel in the
negotiation, execution and delivery of this Pledge Agreement and the other Credit Documents to which it is a party;

 

(b)     neither the Collateral Agent nor any
other Secured Party has any fiduciary relationship with or duty to any Pledgor arising out of or in connection with this Pledge
Agreement or any of the other Credit Documents, and the relationship between the Pledgors, on the one hand, and the Collateral
Agent and the other Secured Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor;
and

 

(c)     no joint venture is created hereby
or by the other Credit Documents or otherwise exists by virtue of the transactions contemplated hereby among the Lenders and any
other Secured Party or among the Plegdors and the Lenders and any other Secured Party.

 

    	-13-

    	 

    

30.       Additional Pledgors. Each Subsidiary
that is required to become a party to this Pledge Agreement pursuant to Section 9.11 of the Credit Agreement shall become a Subsidiary
Pledgor, with the same force and effect as if originally named as a Pledgor herein, for all purposes of this Pledge Agreement upon
execution and delivery by such Subsidiary of a written supplement substantially in the form of Annex A hereto. The execution and
delivery of any instrument adding an additional Pledgor as a party to this Pledge Agreement shall not require the consent of any
other Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding
the addition of any new Pledgor as a party to this Pledge Agreement.

 

[Signature Pages Follow]

 

    	-14-

    	 

    

IN WITNESS WHEREOF, each of the undersigned
has caused this Pledge Agreement to be duly executed and delivered by its duly authorized officer as of the day and year first
above written.

 

	 	GARDNER DENVER, INC., 

as Pledgor
	 	 
	 	By:
	 	 	           /s/ Brent A. Walters
	 	 	Name: Brent A. Walters
	 	 	Title:  Vice President and Secretary
	 	 	 
	 	
        GARDNER DENVER INTERNATIONAL,
INC.,

as Pledgor 

	 	 
	 	By:
	 	 	           /s/ Michael McGrath
	 	 	Name: Michael McGrath
	 	 	
        Title: President 

	 	 	 
	 	THOMAS INDUSTRIES INC., 

as Pledgor
	 	 
	 	By:
	 	 	           /s/ Michael McGrath
	 	 	Name: Michael McGrath
	 	 	
        Title: President 

	 	 	 
	 	GARDNER DENVER HOLDINGS INC., 

as Pledgor
	 	 
	 	By:
	 	 	           /s/ Michael McGrath
	 	 	Name: Michael McGrath
	 	 	Title:  President 

 

[US Pledge Agreement]

    	 

    	 

    

	 	RENAISSANCE PARENT CORP., 

as Pledgor
	 	 
	 	By:
	 	 	             /s/ Josh Weisenbeck
	 	 	Name: Josh Weisenbeck
	 	 	Title:  Vice President

 

[US Pledge Agreement]

    	 

    	 

    

	 	UBS AG, STAMFORD BRANCH, 

as Administrative Agent and Collateral Agent
	 	 
	 	By:
	 	 	               /s/ Lana Gifas
	 	 	Name: Lana Gifas
	 	 	Title:  Associate Director
	 	 	 

 

[US Pledge Agreement]

    	 

    	 

    

SCHEDULE 1

TO THE PLEDGE AGREEMENT

 

Pledged Shares

 

    	S-1

    	 

    

Pledged Debt

 

    	S-2

    	 

    

ANNEX A

TO THE PLEDGE AGREEMENT

 

SUPPLEMENT NO. [    ]
dated as of [            ] to the PLEDGE AGREEMENT (the “Pledge
Agreement”), dated as of July 30, 2013, among Renaissance Parent Corp., a Delaware corporation (“Holdings”),
Gardner Denver, Inc., a Delaware corporation (the “U.S. Borrower”), Gardner Denver Holdings GmbH & Co KG,
a company organized under the laws of Germany (the “German Borrower”), GD First (UK) Limited, a company organized
under the laws of England and Wales (the “UK Borrower” and, together with the German Borrower, the “Foreign
Borrowers”), each of the Subsidiaries listed on the signature pages thereto or that becomes a party thereto pursuant
to Section 30 thereof (each such Subsidiary being a “Subsidiary Pledgor” and, collectively, the “Subsidiary
Pledgors”; the Subsidiary Pledgors and the U.S. Borrower are referred to collectively as the “Pledgors”)
and UBS AG, Stamford Branch, as Collateral Agent (the “Collateral Agent”) for the benefit of the Secured Parties.

 

A.     Reference is made to the Credit Agreement
dated as of the date of the Pledge Agreement (as the same may be amended, restated, supplemented or otherwise modified, refinanced
or replaced from time to time, the “Credit Agreement”) among the U.S. Borrower, the Foreign Borrowers, Holdings,
the Lenders from time to time party thereto and UBS AG, Stamford Branch, as Administrative Agent, Collateral Agent, Swingline Lender
and Letter of Credit Issuer and the Guarantee dated as of the date of the Pledge Agreement (as the same may be amended, restated,
supplemented and or otherwise modified from time to time, the “Guarantee”), among the Guarantors party thereto
and the Collateral Agent.

 

B.     Capitalized terms used herein and not
otherwise defined herein shall have the meanings assigned to such terms in the Pledge Agreement.

 

C.     The Pledgors have entered into the Pledge
Agreement in order to induce the Administrative Agent, the Collateral Agent and the Lenders to enter into the Credit Agreement,
to induce the Lenders to make their respective Loans to the Borrowers, the Swingline Lender to make Swingline Loans and the Letter
of Credit Issuers to issue Letters of Credit for the account of the Borrowers and the Restricted Subsidiaries under the Credit
Agreement and to induce one or more Lenders or Affiliates of Lenders to enter into Secured Cash Management Agreements and Secured
Hedge Agreements with Holdings and/or its Subsidiaries.

 

D.     The undersigned Guarantors (each an
“Additional Pledgor”) are (a) the legal and beneficial owners of the Equity Interests described in Schedule
1 hereto and issued by the entities named therein (such Equity Interests, together with any Equity Interests of the issuer of such
Pledged Shares or any other Subsidiary held directly by any Additional Pledgor in the future (the “After-acquired Additional
Pledged Shares”), in each case, except to the extent excluded from the Collateral for the applicable Obligations pursuant
to the penultimate paragraph of Section 1 below, referred to collectively herein as the “Additional Pledged Shares”)
and (b) the legal and beneficial owners of the Indebtedness described in Schedule 1 hereto (together with any other Indebtedness
owed to any Additional Pledgor hereafter and required to be pledged pursuant to Section 9.12 of the Credit Agreement, the “Additional
Pledged Debt”).

 

E.     Section 9.11 of the Credit Agreement
and Section 30 of the Pledge Agreement provide that additional Subsidiaries may become Subsidiary Pledgors under the Pledge Agreement
by execution and delivery of an instrument in the form of this Supplement. Each undersigned Additional Pledgor is executing this
Supplement in accordance with the requirements of Section 9.11 of the Credit Agreement and Section 30 of the Pledge Agreement to
pledge to the Collateral Agent for the benefit of the Secured Parties the Additional Pledged Shares and the Additional Pledged
Debt and to become a Subsidiary Pledgor under the Pledge Agreement in order to induce the Lenders to make their respective Loans
to the Borrowers, the Swingline Lenders to make Swingline Loans and the Letter of Credit Issuers to issue Letters of Credit for
the account of the Borrowers and the Restricted Subsidiaries under the Credit Agreement and to induce one or more Lenders or Affiliates
of Lenders to enter into Secured Cash Management Agreements and Secured Hedge Agreements with Holdings and/or its Subsidiaries.

 

    	A-1

    	 

    

Accordingly, the Collateral Agent and each
undersigned Additional Pledgor agree as follows:

 

SECTION 1.     Each Additional Pledgor by its
signature hereby transfers, assigns and pledges to the Collateral Agent, for the benefit of the Secured Parties, and hereby grants
to the Collateral Agent, for the benefit of the Secured Parties, a security interest in all of such Additional Pledgor’s
right, title and interest in the following, whether now owned or existing or hereafter acquired or existing (collectively, the
“Additional Collateral”):

 

(a)     the Additional Pledged
Shares held by such Additional Pledgor and the certificates representing such Additional Pledged Shares and any interest of such
Additional Pledgor in the entries on the books of the issuer of the Additional Pledged Shares or any financial intermediary pertaining
to the Additional Pledged Shares and all dividends, cash, warrants, rights, instruments and other property or Proceeds from time
to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Additional Pledged Shares;
and

 

(b)     the Additional Pledged
Debt and the instruments evidencing the Additional Pledged Debt owed to such Additional Pledgor, and all interest, cash, instruments
and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for
any or all of such Additional Pledged Debt.

 

Notwithstanding the foregoing, the Additional
Collateral for the Obligations shall not include any Excluded Stock and Stock Equivalents.

 

For purposes of the Pledge Agreement, the
Collateral shall be deemed to include the Additional Collateral.

 

SECTION 2.     Each Additional Pledgor by its
signature below becomes a Pledgor under the Pledge Agreement with the same force and effect as if originally named therein as a
Pledgor, and each Additional Pledgor hereby agrees to all the terms and provisions of the Pledge Agreement applicable to it as
a Pledgor thereunder. Each reference to a “Subsidiary Pledgor” or a “Pledgor” in the Pledge Agreement shall
be deemed to include each Additional Pledgor. The Pledge Agreement is hereby incorporated herein by reference.

 

SECTION 3.     Each Additional Pledgor represents
and warrants as follows:

 

(a)     Schedule 1 hereto correctly
represents as of the date hereof (A) the issuer, the certificate number, the Additional Pledgor and registered owner, the number
and class and the percentage of the issued and outstanding Equity Interests of such class of all Additional Pledged Shares and
(B) the issuer, the initial principal amount, the Additional Pledgor and holder, date of and maturity date of all Additional Pledged
Debt. Except as set forth on Schedule 1 and except for Excluded Stock and Stock Equivalents, the Additional Pledged Shares represent
all (or 65% in the case of pledges of the Voting Stock of Foreign Subsidiaries) of the issued and outstanding Equity Interests
of each class of Equity Interests of the issuer on the date hereof.

 

    	A-2

    	 

    

(b)     Such Additional Pledgor
is the legal and beneficial owner of the Additional Collateral pledged or assigned by such Additional Pledgor hereunder free and
clear of any Lien, except for the Lien created by this Supplement to the Pledge Agreement.

 

(c)     As of the date of this
Supplement, the Additional Pledged Shares pledged by such Additional Pledgor hereunder have been duly authorized and validly issued
and, in the case of Additional Pledged Shares issued by a corporation, are fully paid and non-assessable.

 

(d)     The execution and delivery
by such Additional Pledgor of this Supplement and the pledge of the Additional Collateral pledged by such Additional Pledgor hereunder
pursuant hereto create a valid and perfected first-priority security interest in the Additional Collateral (with respect to Collateral
consisting of the Equity Interests of Foreign Subsidiaries, to the extent the creation of such Security Interest is governed by
the UCC), and upon delivery of such Additional Collateral to the Collateral Agent in the State of New York, shall constitute a
fully perfected lien and security interest in the Additional Collateral (with respect to Collateral consisting of the Equity Interests
of Foreign Subsidiaries, to the extent the creation and perfection of such Security Interest is governed by the UCC), securing
the payment of the Obligations, in favor of the Collateral Agent for the benefit of the Secured Parties.

 

(e)     Such Additional Pledgor
has full power, authority and legal right to pledge all the Additional Collateral pledged by such Additional Pledgor pursuant to
this Supplement, and this Supplement constitutes a legal, valid and binding obligation of each Additional Pledgor (with respect
to Collateral consisting of the Equity Interests of Foreign Subsidiaries, to the extent the enforceability of such Security Interest
is governed by the UCC), enforceable in accordance with its terms, except as enforceability thereof may be limited by bankruptcy,
insolvency or other similar laws affecting creditors’ rights generally and subject to general principles of equity.

 

SECTION 4.     This Supplement may be executed
by one or more of the parties to this Supplement on any number of separate counterparts (including by facsimile or other electronic
transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of
the copies of this Supplement signed by all the parties shall be lodged with the Collateral Agent and Holdings. This Supplement
shall become effective as to each Additional Pledgor when the Collateral Agent shall have received counterparts of this Supplement
that, when taken together, bear the signatures of such Additional Pledgor and the Collateral Agent.

 

SECTION 5.     Except as expressly supplemented
hereby, the Pledge Agreement shall remain in full force and effect.

 

SECTION 6.   THIS SUPPLEMENT AND THE RIGHTS
AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK.

 

    	A-3

    	 

    

SECTION 7.     Any provision of this Supplement
that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition
or unenforceability without invalidating the remaining provisions hereof and in the Pledge Agreement, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.

 

SECTION 8.     All notices, requests and demands
pursuant hereto shall be made in accordance with Section 16 of the Pledge Agreement. All communications and notices hereunder to
each Additional Pledgor shall be given to it in care of Holdings at Holdings’ address set forth in Section 13.2 of the Credit
Agreement.

 

[Signature Pages Follow]

    	A-4

    	 

    

IN WITNESS WHEREOF, each Additional Pledgor
and the Collateral Agent have duly executed this Supplement to the Pledge Agreement as of the day and year first above written.

 

	 	[NAME OF ADDITIONAL PLEDGOR]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 

 

	 	UBS AG, STAMFORD BRANCH, as Collateral Agent
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 

 

[Supplement to the Pledge Agreement]

    	 

    	 

    

SCHEDULE 1

TO SUPPLEMENT NO. [   ]

TO THE PLEDGE AGREEMENT

 

Pledged Shares

 

	
        Record
        owner

         
	
        Issuer

         
	
        

        Certificate No.

         
	
        Number
        of Shares

         
	
        % of
        Shares Owned

         

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

Pledged Debt

 

	
        Payee

         
	
        Issuer

         
	
        Principal
        Amount

         
	
        Date
        of Instrument

         
	
        Maturity
        Date

         

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    	 

    	 

    

ANNEX B TO THE

PLEDGE AGREEMENT

 

[Form of]

PARI PASSU SECURED PARTY CONSENT

 

[Name of Pari Passu Secured Party]

[Address of Pari Passu Secured Party]

 

[Date]

  

	 	 
	 	 
	 	 
	 	 

 

The undersigned is the Authorized Representative
for Persons wishing to become Secured Parties (the “New Secured Parties”) under (i) the Security Agreement,
dated as of July 30, 2013 (as heretofore amended and/or supplemented, the “Security Agreement”), among Renaissance
Parent Corp., a Delaware corporation (“Holdings”), Gardner Denver, Inc., a Delaware corporation (the “U.S.
Borrower”), Gardner Denver Holdings GmbH & Co KG, a company organized under the laws of Germany, GD First (UK) Limited,
a company organized under the laws of England and Wales, the other Grantors from time to time party thereto and UBS AG, Stamford
Branch, as Collateral Agent (the “Collateral Agent”) and (ii) the Pledge Agreement, dated as of July 30, 2013
(as heretofore amended and/or supplemented, the “Pledge Agreement”), among the Holdings, U.S. Borrower, the
Pledgors party thereto and the Collateral Agent. Terms used without definition herein have the meanings assigned to such term by
the Security Agreement and the Pledge Agreement, as applicable.

 

In consideration of the foregoing, the undersigned
hereby:

 

(i)     represents that the Authorized Representative
has been duly authorized by the New Secured Parties to become a party to the Security Agreement and the Pledge Agreement on behalf
of the New Secured Parties under that [DESCRIBE OPERATIVE AGREEMENT] (the “New Secured Obligation”) and to act
as the Authorized Representative for the New Secured Parties;

 

(ii)     acknowledges that the New Secured Parties
have received copies of the Security Agreement, the Pledge Agreement and any Intercreditor Agreements;

 

(iii)     appoints and authorizes the Collateral
Agent to take such action as agent on its behalf and on behalf of all other Secured Parties and to exercise such powers under the
Security Agreement, the Pledge Agreement and any Intercreditor Agreements as are delegated to the Collateral Agent by the terms
thereof, together with all such powers as are reasonably incidental thereto;

 

    	B-1

    	 

    

(iv)     accepts and acknowledges the terms of
any Intercreditor Agreements and the New Secured Parties and agrees to serve as Authorized Representative for the New Secured Parties
with respect to the New Secured Obligations and agrees on its own behalf and on behalf of the New Secured Parties to be bound by
the terms thereof applicable to holders of Pari Passu Obligations, with all the rights and obligations of a Secured Party thereunder
and bound by all the provisions thereof as fully as if it had been a Secured Party on the effective date of the Intercreditor Agreement
and agrees that its address for receiving notices pursuant to the Security Documents (as defined in the Credit Agreement) shall
be as follows:

 

[Address]

 

The Collateral Agent, by acknowledging and
agreeing to this Pari Passu Secured Party Consent, accepts the appointment set forth in clause (iii) above.

 

THIS PARI PASSU SECURED PARTY CONSENT SHALL
BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

    	B-2

    	 

    

IN WITNESS WHEREOF, the undersigned has caused
this Pari Passu Secured Party Consent to be duly executed by its authorized officer as of the ___ day __________, of 20__.

 

	 	[NAME OF AUTHORIZED REPRESENTATIVE]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 

 

Acknowledged and Agreed

UBS AG, Stamford Branch,

as Collateral Agent

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

[●]

for itself and each other Pledgors party to the Pledge Agreement

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

[Pari Passu Secured Party Consent]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00267-of-00352.parquet"}]]