Document:

exv4w19

 

Exhibit 4.19

EXECUTION COPY

     AMENDMENT NO. 17 AND AGREEMENT (this “Amendment”) dated as of January
30, 2007, to the Second Lien Credit Agreement dated as of July 29, 2004,
among THERMADYNE INDUSTRIES, INC., a Delaware corporation (“Industries”),
THERMAL DYNAMICS CORPORATION, a Delaware corporation (“Dynamics”), TWECO
PRODUCTS, INC., a Delaware corporation (“Tweco”), VICTOR EQUIPMENT COMPANY,
a Delaware corporation (“Victor”), C & G SYSTEMS, INC., an Illinois
corporation (“C & G”), STOODY COMPANY, a Delaware corporation (“Stoody”),
THERMAL ARC, INC., a Delaware corporation (“Thermal Arc”), PROTIP
CORPORATION, a Missouri corporation (“ProTip”), THERMADYNE INTERNATIONAL
CORP., a Delaware corporation (“International” and, together with ProTip,
Thermal Arc, Stoody, C & G, Victor, Tweco, Dynamics and Industries, the
“Borrowers”), the Guarantors party thereto, the Lenders from time to time
party thereto and CREDIT SUISSE, as administrative agent (in such capacity,
the “Administrative Agent”) and as collateral agent (in such capacity, the
“Collateral Agent”) (as amended by Amendment No. 1 and Agreement effective
as of September 30, 2004, by Amendment No. 2 and Joinder Agreement dated as
of November 22,
2004, by Amendment No. 3 and Consent dated as of January 3, 2005, by
Amendment No. 4 dated as of March 16, 2005, by Amendment No. 5 dated as of
March 30, 2005, by Amendment No. 6 dated as of March 31,
2005, by Amendment No. 7 dated as of July 1, 2005, by Amendment No. 8 dated
as of August 8, 2005, by Amendment No. 9 dated as of October 7, 2005, by
Amendment No. 10 and Agreement dated as of November 7, 2005, by Amendment
No. 11 and Agreement dated as of December 29, 2005, by Amendment No. 12,
Waiver and Consent dated as of March 9, 2006, by Amendment No. 13 and
Agreement dated as of April 5, 2006, by Amendment No. 14 and Consent dated
as of May 9, 2006, by Amendment No. 15 dated as of June 20, 2006, by
Amendment No. 16, Waiver and Agreement dated as of July 21, 2006, and as
further amended, supplemented or modified, the “Credit Agreement”).

     A. Pursuant to the Credit Agreement, the Lenders have extended credit to the
Borrowers.

     B. Pursuant to the Limited Consent dated as of December 27, 2006, to the
Credit Agreement, the Administrative Agent has consented, in accordance with the terms of
Section 6.02(n) of the Credit Agreement, to the making and maintenance of a loan (the “Brazil
Loan”) in an amount not to exceed $550,000 from Industries to Thermadyne Victor LTDA, a
limited liability quota company organized under the laws of Brazil.

     C. The Borrowers and the other Credit Parties have requested that the
Administrative Agent and the Lenders amend the Credit Agreement as set forth herein in order
to
permit the sale of all the Stock of Maxwell & Braze (Pty) Ltd. and Thermadyne South Africa
(Pty) Ltd.

 

2

     D. Capitalized terms used but not defined herein shall have the meanings assigned to them in
the Credit Agreement.

     Accordingly, in consideration of the mutual agreements herein contained and other good and
valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties
hereto agree as follows:

     SECTION 1. Amendments. (a) Section 1.01 of the Credit Agreement is hereby amended by
inserting the following defined term in the appropriate alphabetical order therein:

     ““South African Purchase Agreement” shall mean the Sale of Shares and Claims
Agreement dated as of February 15, 2007, between Industries, as seller, and
Business Venture Investments No. 1044 (Proprietary) Limited, as purchaser, in
connection with the sale of Maxweld & Braze (Proprietary) Limited and Thermadyne
South Africa (Proprietary) Limited, as in effect on the date hereof.”

     (b) Section 6.08 of the Credit Agreement is hereby amended by (i) deleting the word “and” at
the of clause (h) thereof and (ii) replacing the period at the end of clause (i) thereto with the
following:

“; and (j) the sale, on or prior to May 31, 2007, of all the Stock of (i) Maxwell &
Braze (Pty) Ltd. and (ii) Thermadyne South Africa (Pty) Ltd., in the case of
clauses (i) and (ii) for an aggregate purchase price of no less than one hundred
and thirty million rand (R130,000,000) (of which R100,000,000 shall be payable on
the closing of such sales and R30,000,000 shall be payable in accordance with the
terms of the South African Purchase Agreement), so long as the net proceeds of such
sales are distributed to a Borrower.”

     SECTION 2. Other Agreements. The Borrowers shall deliver to the First Lien Agent the original
notes evidencing (a) the Brazil Loan on or prior to February 2, 2007, and (b) the deferred purchase
price payable to Industries in accordance with terms of the South African Purchase Agreement no
later than five days after the consummation of the transactions contemplated therein, each together
with an allonge executed in blank.

     SECTION 3. Representations and Warranties. To induce the other parties hereto to enter into
this Amendment, the Credit Parties represent and warrant to each of the Lenders, the Administrative
Agent and the Collateral Agent, that, after giving effect to this Amendment, (a) the
representations and warranties set forth in Article III of the Credit Agreement are true and
correct in all material respects on and as of the date hereof, except to the extent such
representations and warranties expressly relate to an earlier date, and (b) no Default or Event of
Default has occurred and is continuing.

     SECTION 4. Effectiveness. This Amendment shall become effective as of the date set forth
above on the date that the Administrative Agent (or, in the case of clauses (a) and (b) below, its
counsel) shall have received:

     (a) counterparts of this Amendment that, when taken together, bear the signatures of the
Credit Parties and the Required Lenders;

 

3

     (b) a copy of a fully executed and delivered amendment, in form and substance reasonably
satisfactory to the Administrative Agent, to the First Lien Credit Agreement; and

     (c) payment in full of all fees and other amounts due and payable on or prior to such date
hereunder or under any other Loan Document.

     SECTION 5. Effect of Amendment. Except as expressly set forth herein, this Amendment shall not
by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights
and remedies of the Lenders, the Administrative Agent or the Collateral Agent under the Credit
Agreement or any other Loan Document, and shall not 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 Loan Document, all of which are ratified and affirmed in all respects and shall continue
in full force and effect. Nothing herein shall be deemed to entitle any Credit Party to a consent
to, or a waiver, amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document
in similar or different circumstances. This Amendment shall apply and be effective only with
respect to the provisions of the Credit Agreement specifically referred to herein. After the date
hereof, any reference to the Credit Agreement shall mean the Credit Agreement, as modified hereby.
This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the
other Loan Documents.

     SECTION 6. Counterparts. This Amendment may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so executed and delivered
shall be deemed an original, but all such counterparts together shall constitute but one and the
same contract. Delivery of an executed counterpart of a signature page of this Amendment by
facsimile transmission shall be as effective as delivery of a manually executed counterpart hereof.

     SECTION 7. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.

     SECTION 8. Headings. The headings of this Amendment are for purposes of reference only and
shall not limit or otherwise affect the meaning hereof.

     SECTION 9. Expenses. The Borrowers agree to reimburse the Administrative Agent for all
out-of-pocket expenses in connection with this Amendment, including the reasonable fees, charges
and disbursements of Cravath, Swaine & Moore LLP, counsel for the Administrative Agent.

     SECTION 10. Reaffirmation. Each of the Guarantors hereby acknowledges receipt and notice of,
and consents to the terms of, this Amendment, and affirms and confirms its guarantee of the
Obligations and, if applicable, the pledge of and/or grant of a security interest in its assets as
Collateral to secure the Obligations, all as provided in the Collateral Documents as originally
executed, and acknowledges and agrees that such guarantee, pledge and/or grant of

 

4

security interest continue in full force and effect in respect of, and to secure, the Obligations
under the Credit Agreement, as amended hereby, and the other Loan Documents.

[Remainder of this page intentionally left blank]

 

5

     IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be executed and
delivered by its duly authorized officer as of the date first set forth above.

	 	 	 	 	 	 	 
	 	THERMADYNE INDUSTRIES, INC.,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	THERMAL DYNAMICS CORPORATION,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	TWECO PRODUCTS, INC.,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	VICTOR EQUIPMENT COMPANY,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	C&G SYSTEMS, INC.,
	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	
STOODY COMPANY,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 

 

6

	 	 	 	 	 	 	 
	 	THERMAL ARC, INC.,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	PROTIP CORPORATION,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	THERMADYNE INTERNATIONAL
CORP.,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	THERMADYNE HOLDINGS CORPORATION,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	MECO HOLDING COMPANY,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	C&G SYSTEMS HOLDING, INC.,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 

 

7

	 	 	 	 	 	 	 
	 	 	CIGWELD PTY LTD.,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	DUXTECH PTY LTD.,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	QUETACK PTY, LTD.,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	QUETALA PTY, LTD.,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	THERMADYNE AUSTRALIA PTY LTD.,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	THERMADYNE INDUSTRIES LIMITED,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 

 

8

	 	 	 	 	 	 	 
	 	 	THERMADYNE WELDING PRODUCTS
 CANADA LIMITED,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Patricia S. Williams
 

Name: PATRICIA S. WILLIAMS
	 	 
	 

	 	 	 	Title: V.P. SECTY & G. C.	 	 

 

9

	 	 	 	 	 	 	 
	 	 	CREDIT SUISSE, CAYMAN ISLANDS

BRANCH, as Administrative Agent and

Collateral Agent,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Phillip Ho
 

Name: PHILLIP HO
	 	 
	 

	 	 	 	Title: DIRECTOR	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Shaheen Malik
 

Name: SHAHEEN MALIK
	 	 
	 

	 	 	 	Title: ASSOCIATE	 	 

 

10

	 	 	 	 	 	 	 
	 	 	NORTHWOODS CAPITAL IV, LIMITED, 
as a Lender,	 	 
	 
	 	 	 	 	 	 
	 	 	By: Angelo, Gordon & Co., L.P., as
 Collateral Manager,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Bruce Martin
 

Name: BRUCE MARTIN
	 	 
	 

	 	 	 	Title: MANAGING DIRECTOR	 	 
	 
	 	 	 	 	 	 
	 	 	NORTHWOODS CAPITAL V, LIMITED, as 
a Lender,	 	 
	 
	 	 	 	 	 	 
	 	 	By: Angelo, Gordon & Co., L.P., as
 Collateral Manager,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Bruce Martin
 

Name: BRUCE MARTIN
	 	 
	 

	 	 	 	Title: MANAGING DIRECTOR	 	 
	 
	 	 	 	 	 	 
	 	 	NORTHWOODS CAPITAL VI, LIMITED,

as a Lender,	 	 
	 
	 	 	 	 	 	 
	 	 	By: Angelo, Gordon & Co., L.P., as
 Collateral Manager,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Bruce Martin
 

Name: BRUCE MARTIN
	 	 
	 

	 	 	 	Title: MANAGING DIRECTOR	 	 
	 
	 	 	 	 	 	 
	 	 	NORTHWOODS CAPITAL VII, LIMITED,
 as a Lender,	 	 
	 
	 	 	 	 	 	 
	 	 	By: Angelo, Gordon & Co., L.P., as 
Collateral Manager,	 	 
	 
	 	 	 	 	 	 
	 

	 	by
	 	/s/ Bruce Martin
 

Name: BRUCE MARTIN
	 	 
	 

	 	 	 	Title: MANAGING DIRECTORexv4w31

 

Exhibit 4.31

EXECUTION VERSION

ELEVENTH AMENDMENT AND CONSENT

to

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

     This ELEVENTH AMENDMENT AND CONSENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”), dated as of March 8, 2006, by and among THERMADYNE INDUSTRIES, INC., a
Delaware corporation (“Industries”), THERMAL DYNAMICS CORPORATION, a Delaware corporation
(“Dynamics”), TWECO PRODUCTS, INC., a Delaware
corporation (“Tweco”), VICTOR EQUIPMENT
COMPANY, a Delaware corporation (“Victor”), C & G SYSTEMS, INC., an Illinois corporation
(“C & G”), STOODY COMPANY, a Delaware
corporation (“Stoody”), THERMAL ARC, INC., a
Delaware corporation (“Thermal Arc”), PROTIP CORPORATION, a Missouri corporation
(“ProTip”), THERMADYNE INTERNATIONAL CORP., a Delaware corporation
(“International”, and collectively with ProTip, Thermal Arc, Stoody, C & G, Victor, Tweco,
Dynamics and Industries, the “Borrowers”), the other persons designated as Credit Parties
on the signature pages hereof, GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation
(“Agent”) and the Persons signatory thereto from time to time as Lenders. Unless otherwise
specified herein, capitalized terms used in this Amendment shall have the meanings ascribed to them
in Annex A to the Credit Agreement and the Intercreditor Agreement (each as hereinafter
defined).

RECITALS

     WHEREAS, the Borrowers, the Credit Parties, Agent and Lenders have entered into that certain
Second Amended and Restated Credit Agreement dated as of November 22, 2004 (as further amended,
supplemented, restated or otherwise modified from time to time, the “Credit Agreement”);

     WHEREAS, the Borrowers and the other Credit Parties have requested that Agent and Lenders,
among other things, (a) consent to (i) the acquisition by Thermadyne South Africa (Pty) Ltd.
(“TSA”) of the Stock of Unique Welding Alloys Rustenburg (Pty) Ltd. (“Plant Rental”) held
by Gerrit Van Zyl (“Van Zyl”) (the “Plant Rental Acquisition”) and subsequent sale
of such Stock and the other Stock of Plant Rental held by TSA back to Van Zyl (the “Plant
Rental Sale”) (collectively, the “Plant Rental Transaction”) and (ii) the acquisition
by Industries of the Stock of Maxwell & Braze (Pty) Ltd. held by Tinus Crous (the “Maxwell
Acquisition”) and the Stock of TSA held by Tinus Crous (the “TSA Acquisition”)
(collectively, the “Crous Transactions”) and (b) amend certain provisions of the Credit
Agreement; and

     WHEREAS, the Agent and Lenders have agreed to consent to the Plant Rental Transaction
and Crous Transactions and amend the Credit Agreement as set forth herein.

     NOW THEREFORE, in consideration of the mutual execution hereof and other good and valuable
consideration, the parties hereto agree as follows:

          1. Consents

     (A) Plant Rental Transaction.

 

 

     (i) Subject to satisfaction of the conditions set forth in Section
l(A)(ii) below, Agent and the Lenders hereby consent to the Credit Parties and their
respective Foreign Subsidiaries closing the Plant Rental Transaction and performing the
actions contemplated thereby.

     (ii)
The consent of the Agent and Lenders set forth in
Section 1(A)(i)
above is subject to the following conditions precedent:

     (a) the Plant Rental Acquisition and Plant Rental Sale close on the same day no
later than March 13, 2006;

     (b) one of the Credit Parties or their Foreign Subsidiaries receives cash
proceeds from the Plant Rental Sale of not less than $4,300,000; and

     (c) the net proceeds from the Plant Rental Sale are used by the Credit
Parties to effect the closing of the Crous Transactions in accordance with Section
1(B) below.

     (B) Crous Transactions.

     (i) Subject to satisfaction of the conditions set forth in Section
l(B)(ii) below, Agent and the Lenders hereby consent to the Credit Parties and their
respective Foreign Subsidiaries closing the Crous Transaction and performing the actions
contemplated thereby.

     (ii)
The consent of the Agent and Lenders set forth in Section 1(B)(i) above is
subject to the following conditions precedent:

     (a) the Maxwell Acquisition and TSA Acquisition both close no later than
March 13, 2006;

     (b) the aggregate consideration paid by the Credit Parties and their Foreign
Subsidiaries in connection with the Crous Transactions does not exceed $3,800,000
plus expenses; and

     (c) any remaining proceeds from the Plant Rental Sale are applied to the
principal balance of Revolving Credit Advances.

          2. Limited Waiver. Agent and the Lenders hereby (a) waive compliance with (i) in the
case of the Plant Rental Sale, Sections 1.3 and 6.8 of the Credit Agreement, and (ii) in the case
of the Plant Rental Acquisition, the Maxwell Acquisition and the TSA Acquisition, Sections 6.1 and
6.2 of the Credit Agreement, and (b) waive any Defaults or Events of Default under such Sections of
the Credit Agreement that result from the closing of the Plant Rental Transaction and Crous
Transactions in accordance with the terms of this Amendment.

          3. Amendment to Section 6.2. Section 6.2 of the Credit Agreement is hereby amended as
of October 15, 2005 by deleting the number “$5,000,000” in clause (i) and inserting “$6,000,000” in
its place.

2

 

          4.
Representations and Warranties of Credit Parties. The Credit Parties represent and warrant that:

               (a) the execution, delivery and performance by the Credit Parties of this Amendment have
been duly authorized by all necessary corporate action required on its part and this
Amendment is a legal, valid and binding obligation of the Credit Parties enforceable against
the Credit Parties in accordance with its terms except as the enforcement thereof may be
subject to (i) the effect of any applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors’ rights generally and (ii) general principles
of equity (regardless of whether enforcement is sought in a proceeding in equity or at law);
and

               (b) after giving effect to this Amendment, each of the representations and warranties
contained in the Credit Agreement is true and correct in all material respects on and as of
the date hereof as if made on the date hereof, except to the extent that such representations
and warranties expressly relate to an earlier date.

          5. Conditions To Effectiveness. This Amendment shall be effective upon the
following (all in form and substance satisfactory to Agent):

               (a) execution and delivery of this Amendment by the Lenders and the Credit Parties;

               (b) the Agent shall have received a copy of a fully executed and delivered amendment, in
form and substance satisfactory to Agent, to that certain Second Lien Credit Agreement, dated
as of July 29, 2004, by and among the Borrowers, Credit Suisse and the other Persons
signatory thereto; and

               (c) payment in full of all fees, costs and expenses, including the
reasonable fees, costs and expenses of counsel or other advisors for advice, assistance,
or
other representation in connection with this Amendment, as provided in Section
11.3(a) of
the Credit Agreement.

          6. Reference To And Effect Upon The Credit Agreement.

               (a) The Credit Agreement and the other Loan Documents shall remain in full force and
effect, as amended hereby, and are hereby ratified and confirmed.

               (b) The waiver and amendments set forth herein is effective solely for the purposes set
forth herein and shall be limited precisely as written, and shall not be deemed to (i) be a
consent to any amendment, waiver or modification of any other term or condition of the Credit
Agreement or any other Loan Document, (ii) operate as a waiver or otherwise prejudice any
right, power or remedy that the Agent or the Lenders may now have or may have in the future
under or in connection with the Credit Agreement or any other Loan Document or (iii)
constitute a waiver of any provision of the Credit Agreement or any Loan Document, except as
specifically set forth herein. Upon the effectiveness of this Waiver, each reference in the
Credit Agreement to “this Agreement”, “herein”, “hereof and words of like import and each
reference in the Credit Agreement and the Loan Documents to the

3

 

Credit Agreement shall mean the Credit Agreement as amended hereby. This Waiver shall be
construed in connection with and as part of the Credit Agreement.

          7. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE INTERNAL LAWS (AS OPPOSED TO CONFLICTS OF LAWS PROVISIONS) OF THE STATE OF NEW YORK.

          8. Headings. Section headings in this Amendment are included herein for convenience
of reference only and shall not constitute a part of this Amendment for any other purposes.

          9. Counterparts. This Amendment may be executed in any number of counterparts,
each of which when so executed shall be deemed an original, but all such counterparts shall
constitute one and the same instrument.

          10. Reaffirmation of Guaranties. The Credit Parties signatory hereto hereby reaffirm
their Guaranties of the Obligations, taking into account the provisions of this Amendment.

[Signature pages follow]

4

 

     IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of
the date first written above.

	 	 	 	 	 	 	 
	 	 	LENDER:	 	 
	 
	 	 	 	 	 	 
	 	 	GENERAL ELECTRIC CAPITAL
 CORPORATION,

as Agent and Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ [ILLEGIBLE]
 

     Duly Authorized Signatory
	 	 
	 
	 	 	 	 	 	 
	 	 	CREDIT PARTIES:	 	 
	 
	 	 	 	 	 	 
	 	 	THERMADYNE INDUSTRIES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	THERMAL DYNAMICS CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	TWECO PRODUCTS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	VICTOR EQUIPMENT COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 

S-1

 

	 	 	 	 	 	 	 
	 	 	C & G SYSTEMS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	STOODY COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	THERMAL ARC, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	THERMADYNE
INTERNATIONAL CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	PROTIP CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 

 

 

	 	 	 	 	 	 	 
	 	 	THERMADYNE HOLDINGS CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	MECO HOLDING COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	C&G SYSTEMS HOLDING, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	THERMADYNE AUSTRALIA PTY LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	DUXTECH PTY LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	CIGWELD PTY LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 

 

 

	 	 	 	 	 	 	 
	 	 	QUETALA PTY. LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	QUETACK PTY. LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	THERMADYNE WELDING PRODUCTS CANADA LIMITED	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.	 	 
	 
	 	 	 	 	 	 
	 	 	THERMADYNE INDUSTRIES LIMITED	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Patricia S. Williams
 

PATRICIA S. WILLIAMS
	 	 
	 

	 	Title:
	 	V. P. SECTY & G. C.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]