Document:

kaiform10q1q2008exhibit101.htm

    Exhibit
10.1

     

    JOINDER
AGREEMENT

     

    JOINDER
AGREEMENT, dated as of March 17, 2008, among Kadant Johnson Europe B.V. (the
“Foreign
Subsidiary”), KADANT INC., a Delaware corporation (the “Borrower”), JPMORGAN
CHASE BANK, N.A., as administrative agent (in such capacity, the “Administrative
Agent”) for the several banks and other financial institutions (the
“Lenders”) from
time to time parties to the Credit Agreement, dated as of February 13, 2008 (as
amended, supplemented or otherwise modified from time to time, the “Credit Agreement”;
terms defined therein being used herein as therein defined) by and among the
Borrower, the Lenders and the Administrative Agent.

     

    W I T N E
S S E T H:

     

    WHEREAS,
the parties to this Joinder Agreement wish to add the Foreign Subsidiary as the
Foreign Subsidiary Borrower to the Credit Agreement in the manner hereinafter
set forth; and

     

    WHEREAS,
this Joinder Agreement is entered into pursuant to subsection 5.3(b) of the
Credit Agreement;

     

    NOW,
THEREFORE, in consideration of the premises, the parties hereto hereby agree as
follows:

     

    1.  The
Foreign Subsidiary hereby acknowledges that it has received and reviewed a copy
of the Credit Agreement, and acknowledges and agrees to:

    

    (a)  join
the Credit Agreement as the Foreign Subsidiary Borrower, as indicated with its
signature below;

    

    (b)  be
bound by all covenants, agreements and acknowledgments attributable to the
Foreign Subsidiary Borrower in the Credit Agreement; and

    

    (c)  perform
all obligations and duties required of it by the Credit Agreement.

    

    2.   The
Foreign Subsidiary hereby represents and warrants that the representations and
warranties with respect to it contained in Sections 4 and 5.4 of the Credit
Agreement or which are contained in any certificate furnished by or on behalf of
it are true and correct on the date hereof.

    

    3.  The
address and jurisdiction of organization of the Foreign Subsidiary is set forth
below:

    Address:                      Nijverheidslaan
23

    1383 LG Weesp

    The Netherlands

    Attn:                                Managing
Director

    Telecopy:                      31
294 431359

    Telephone:                                31
294 431359

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Jurisdiction

    of
organization: The Netherlands

    

    4.  THIS
JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, each of the undersigned has caused this Joinder Agreement to be
duly executed and delivered in New York, New York by its proper and duly
authorized officer as of the date set forth below.

     

    Dated:  March
17, 2008

     

    KADANT
JOHNSON EUROPE BV,

    as the
Foreign Subsidiary Borrower

    

    By:__/s/ F. H.
Westerhout____

       Name:                      F.H.
Westerhout

       Title:                                Managing
Director

    

     

    KADANT
INC.

    

    

    By:__/s/ Daniel J.
Walsh____

       Name:                      Daniel
J. Walsh

       Title:                                Treasurer

     

    

     

    

     

    ACKNOWLEDGED
AND AGREED TO:

     

    JPMORGAN
CHASE BANK, N.A.

    as
Administrative Agent

    

    By:___/s/ Peter M.
Killea_

       Name:  Peter
M. Killea

       Title:    Vice
President<PDF>
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end
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