Document:

EX-101

		

			EXHIBIT 10.1

		

		

			Execution Version

		

		
			 
		

		
			
		

		
			FIRST AMENDMENT AND CONSENT
		

		
			TO
		

		
			AMENDED AND RESTATED CREDIT AGREEMENT
		

		
			dated as of
		

		
			June 27, 2014
		

		
			among
		

		
			 
		

		
			DRESSER-RAND GROUP INC.,
		

		
			as Domestic Borrower,
		

		
			 
		

		
			GRUPO GUASCOR, S.L.,
		

		
			as Spanish Borrower
		

		
			 
		

		
			THE LENDERS PARTY HERETO,
		

		
			 
		

		
			JPMORGAN CHASE BANK, N.A.,
		

		
			as Administrative Agent,
		

		
			 
		

		
			and
		

		
			 
		

		
			J.P. MORGAN EUROPE LIMITED,
		

		
			as European Administrative Agent
		

		
			 
		

		
			 
		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			 

		

		

			 

		

 

		

			 

		

		First Amendment and Consent to 
		

		
			amended and restated Credit Agreement
		

		
			 
		

		
			THIS First Amendment AND CONSENT to amended and restated Credit Agreement (this “First Amendment”), dated as of June 27, 2014, is among DRESSER-RAND GROUP INC.,  a Delaware corporation (the “Domestic Borrower”); GRUPO GUASCOR, S.L., a sociedad limitada organized under the laws of Spain (the “Spanish Borrower”); J.P.  MORGAN EUROPE LIMITED,  as European administrative agent and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, together with its successors in such capacity, the “Administrative Agent”) for the lenders party to the Credit Agreement referred to below (collectively, the “Lenders”); and the undersigned Lenders. 
		

		
			R E C I T A L S
		

		
			The Domestic Borrower, the Spanish Borrower, the Administrative Agent and the Lenders are parties to that certain Amended and Restated Credit Agreement dated as of September 30, 2013  (as amended, restated, modified or supplemented from time to time, the “Credit Agreement”), pursuant to which the Lenders have made certain extensions of credit available to the Domestic Borrower and the Spanish Borrower; and
		

		
			The Domestic Borrower and the Spanish Borrower have requested that the Administrative Agent and the Lenders agree to amend certain provisions of the Credit Agreement and consent to certain transactions as more fully described herein.
		

		
			NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
		

			
	
			
				 Section 1.
			Defined Terms.  Each capitalized term used herein but not otherwise defined herein has the meaning given such term in the Credit Agreement.  Unless otherwise indicated, all references to Sections and Articles in this First Amendment refer to Sections and Articles of the Credit Agreement.

			
	
			
				 Section 2.
			Amendments to Credit Agreement.

			
	
			
				 2.1
			Amendments to Section 1.01.  Section 1.01 of the Credit Agreement is amended by adding the following definitions where alphabetically appropriate:

		
			“Anti-Corruption Laws”  means the United States Foreign Corrupt Practices Act of 1977, the United Kingdom Bribery Act 2010, and any other applicable US federal or state laws concerning or related to bribery or corruption.
		

		
			 
		

		
			“Sanctioned Country” shall mean, at any time, a country or territory which is the subject or target of any Sanctions.
		

		
			 
		

		
			“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Sanctions Authorities, (b) any Person operating, organized or resident in a 
		

		 

		

			 

		

		

			 

		

 

		

			 

		

		Sanctioned Country or (c) any Person majority (fifty percent or more) owned or controlled by any such Person.
		

		
			 
		

			
	
			
				 2.2
			Amendments to Section 1.01.  Section 1.01 of the Credit Agreement is amended by amending the following definition: 

		
			“Sanctions Authorities” shall mean (i) the United States government, (ii) the European Union, (iii) the United Kingdom or (iv) the respective governmental institutions and agencies of any of the foregoing, including, without limitation, OFAC, the United States Department of State, and Her Majesty's Treasury. 
		

		
			 
		

			
	
			
				 2.3
			Amendment to Section 3.21.  Section 3.21 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

		
			Anti-Terrorism and Sanctions Laws. The Domestic Borrower has implemented and maintains in effect compliance policies and procedures applicable to the Domestic Borrower, its Subsidiaries and their respective directors, officers, employees and agents (in the case of officers, employees, directors and agents, applicable solely in their capacity as such for the Domestic Borrower or its Subsidiaries) with respect to Anti-Corruption Laws and Sanctions, in each case to the extent applicable to such entities or persons, and the Domestic Borrower, its Subsidiaries and their respective officers and employees, and to the knowledge of the Domestic Borrower, its directors and agents (in case of officers, employees, directors and agents, acting solely their capacity as such for the Domestic Borrower or its Subsidiaries), are in compliance with Anti-Corruption Laws and Sanctions, in each case to the extent applicable to such entities or persons, in all material respects. None of (a) the Domestic Borrower, any Subsidiary or to the knowledge of the Domestic Borrower or such Subsidiary, any of their respective directors, officers or employees, or (b) to the knowledge of the Domestic Borrower, any agent of the Domestic Borrower or any Subsidiary that will act in any capacity in connection with or benefit from this Agreement, is a Sanctioned Person.
		

			
	
			
				 2.4
			Amendment to Section 5.06(b). Section 5.06(b) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

		
			Maintain in effect and enforce compliance policies and procedures applicable to the Domestic Borrower, its Subsidiaries and their respective directors, officers, employees and agents (in the case of officers, employees, directors and agents, applicable solely in their capacity as such for the Domestic Borrower or its Subsidiaries) with respect to Anti-Corruption Laws and Sanctions, in each case to the extent applicable to such entities or persons.    
		

			
	
			
				 2.5
			Amendment to Section 6.10.  Section 6.10 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

		

		

		 

		

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		Use of Proceeds.    The Borrowers shall not use, and shall cause their Subsidiaries and their respective directors, officers, employees and agents (in the case of officers, employees, directors and agents, applicable solely in their capacity as such for the Borrowers or their Subsidiaries) not to use, the proceeds of any Borrowing or Letter of Credit in a manner that
		

		
			would result in a material violation of any applicable Anti-Corruption Laws or in violation of applicable Sanctions by any of the Loan Parties, any Lender or Agent party hereto.
		

		
			 
		

			
	
			
				 Section 3.
			Amendment to Domestic Collateral Agreement.  Schedule II to the Domestic Collateral Agreement is hereby amended and restated in its entirety in the form attached hereto as Schedule II.

			
	
			
				 Section 4.
			Consents.  The Domestic Borrower  has informed the Administrative Agent and the Lenders of its and its Subsidiaries’ that it will enter into a series of transactions described in clauses (a) through (q) below (collectively, the “Reorganization Transactions”):

			
	
			
				 (a)
			The Domestic Borrower has exchanged certain Equity Interests in D-R Luxembourg Holding I, S.à r.l., Luxembourg Société à responsabilité limitée (“Sarl 1”);

			
	
			
				 (b)
			The Domestic Borrower has formed Dresser-Rand Holding (Luxembourg) Inc., a Delaware corporation  (“Foreign Holdco”), and Foreign Holdco has formed Dresser-Rand Holding (Luxembourg) LLC, a Delaware limited liability company (“Lux Partner LLC”);

			
	
			
				 (c)
			Foreign Holdco has formed D-R Luxembourg Holding 3 S.à r.l., a  Luxembourg Société à responsabilité limitée (“Sarl 3”), and Foreign Holdco and Lux Partner LLC have formed D-R Luxembourg Partners 1 S.C.S., a Luxembourg société en commandite simple (“SCS 1”) by (i) Foreign Holdco contributing 100% of the Equity Interests of Sarl 3 to SCS 1 on behalf of itself and Lux Partner LLC and (ii) Lux Partner LLC issuing a note to Foreign Holdco in exchange for its interest in SCS 1;

			
	
			
				 (d)
			Sarl 3 has formed D-R International S.à r.l., a  Luxembourg Société à responsabilité limitée (“DRI Sarl”);

			
	
			
				 (e)
			Foreign Holdco will convert to Dresser-Rand International Holdings, LLC, a Delaware limited liability company;

			
	
			
				 (f)
			Dresser-Rand Machinery Repair Belgie N.V., a Belgium naamloze vennootschap, will dissolve, distributing all of its assets and liabilities into Dresser-Rand Company, a New York general partnership (“DRC”);

			
	
			
				 (g)
			 DRC will contribute (i) Dresser-Rand Italia S.R.L., an Italy Società a Responsabilità Limitata, (ii) Dresser-Rand de Mexico, S.A. de C.V., a Mexico Sociedad Anónima de Capital Variable, (iii) Dresser-Rand Services, S. de R.L., de C.V., a Mexico Sociedad de responsabilidad limitada de Capital Variable, and (iv) Dresser-Rand (Nigeria) Ltd., a Nigeria limited company, to Dresser-Rand Services B.V., a Netherlands besloten vennootschap (“Services BV”);

		 

		

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				 (h)
			DRC will distribute all of the Equity Interests of Services BV to the Domestic Borrower and Dresser-Rand LLC, a Delaware limited liability company (“DR LLC”), DR LLC will distribute all of such Equity Interests it receives from DRC to the Domestic Borrower, and the Domestic Borrower will contribute all of the Equity Interests of Services BV to Dresser-Rand Holding (Delaware) LLC, a Delaware limited liability company (“DRH”);

			
	
			
				 (i)
			Dresser-Rand Overseas Sales Company Limited, a Delaware corporation, will dissolve, distributing all of its assets and liabilities into DRH;

			
	
			
				 (j)
			DRH will distribute the Equity Interests of Dresser-Rand International Inc., a Delaware corporation, Dresser-Rand Japan Ltd., a Japan limited company (“Japan”) and Dresser-Rand (Thailand) Limited, a Thailand limited company to the Domestic Borrower;

			
	
			
				 (k)
			DRC will distribute all of the Equity Interests of Dresser-Rand International B.V., a Netherlands besloten vennootschap (“DRI BV”), to the Domestic Borrower and DR LLC, DR LLC will distribute all of such Equity Interests it receives from DRC to the Domestic Borrower, and the Domestic Borrower will contribute all of the Equity Interests of DRI BV to Sarl 1; 

			
	
			
				 (l)
			The Domestic Borrower will refinance its note receivable from Sarl 1 in a principal amount of approximately €66,000,000 into a number of separate notes receivable (the “Sarl 1 Notes”), and will contribute one such Sarl 1 Note to DR LLC; D-R Holdings (France) S.A.S., a France société par actions simplifiée (“France Holdings”), will sell 10% of the Equity Interests of Dresser-Rand GmbH, a Germany Gesellschaft mit beschränkter Haftung (“Germany Holdings”), to the Domestic Borrower in exchange for another of such Sarl 1 Notes; and France Holdings will sell 90% of the Equity Interests of Germany Holdings to DR LLC in exchange for another of such Sarl 1 Notes; Domestic Borrower will sell other Sarl 1 Notes to certain other Subsidiaries in exchange for accounts receivable.  

			
	
			
				 (m)
			The Domestic Borrower will contribute all of the Equity Interests of Sarl 1, DRH and Japan to Foreign Holdco;

			
	
			
				 (n)
			Foreign Holdco will contribute all of the Equity Interests of Sarl 1 (other than certain convertible preferred equity certificates in Sarl 1), DRH and Japan to SCS 1, and SCS 1 will sell all of such Equity Interests to Sarl 3 in exchange for a debt facility evidenced by a master facility agreement (the “Master Facility Agreement”);

			
	
			
				 (o)
			Sarl 3 will contribute all of the Equity Interests of Japan to DRH;

			
	
			
				 (p)
			DRI BV will sell its intercompany accounts receivable, and accounts payable to DRI Sarl in exchange for a note; 

			
	
			
				 (q)
			DRH migrates and converts to a Luxembourg Société à responsabilité limitée;

			
	
			
				 (r)
			The Domestic Borrower will contribute one of the Sarl 1 Notes (“Note 5”) to Foreign Holdco for an increase to capital; Foreign Holdco will contribute Note 5 to SCS 1 in exchange for Equity Interests in SCS 1; SCS 1 will sell Note 5 to Sarl 3 for an additional tranche 
		

		 

		

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			of the Master Facility Agreement; Sarl 3 will contribute Note 5 to DRI Sarl in exchange for additional DRI Sarl Equity Interests; and

			
	
			
				 (s)
			To the extent DRI Sarl’s assets exceed its liabilities, Sarl 3 may recapitalize DRI Sarl by exchanging certain of DRI Sarl’s common Equity Interests for newly-issued Equity Interests in the form of convertible preferred equity certificates;

		
			The Domestic Borrower has requested that the Administrative Agent and the Lenders consent to (the “Consent”) and agree with the following in connection with the Reorganization Transactions notwithstanding anything contained in any provisions of the Credit Agreement to the contrary, including, without limitation in Section 5.10 (Further Assurances), Section 6.01 (Indebtedness), Section 6.04 (Investments, Loans and Advances), Section 6.05  (Mergers; Consolidations, Sales of Assets and Acquisitions),  Section 6.06 (Dividends and Distributions) or Section 6.07 (Transactions with Affiliates), the Domestic Borrower and its Subsidiaries may take any of the actions described in clauses (a) through (s) above and may consummate the Reorganization Transactions.  Effective as of First Amendment Effective Date (as defined below), the Administrative Agent and the undersigned Lenders (constituting Required Lenders under the Credit Agreement as of the date hereof) hereby grant the Consent.
		

			
	
			
				 Section 5.
			Post-Closing Covenants.  

			
	
			
				 (a)
			Not later than sixty (60) days after the Domestic Borrower and DR LLC have acquired the Equity Interests of Germany Holdings as described in Section 4(l) above  (or such date thereafter as may be agreed by the Administrative Agent in its sole discretion), the Domestic Borrower and DR LLC will have entered, and the Domestic Borrower will have caused Germany Holdings to enter, into a Foreign Collateral Agreement with respect to the pledge of 65% of the Equity Interests of Germany Holdings owned by the Domestic Borrower and DR LLC, in form and substance satisfactory to the Administrative Agent and otherwise in compliance with the Collateral and Guarantee Requirement and Section 9.23 of the Credit Agreement.

			
	
			
				 (b)
			Not later than thirty (30) days after the First Amendment Effective Date (or such date thereafter as may be agreed by the Administrative Agent in its sole discretion), the Administrative Agent shall have received a supplement to the Domestic Collateral Agreement from Synchrony Inc., a Virginia corporation (“Synchrony”), in form and substance satisfactory to the Administrative Agent, together with (i) certificates representing all of the issued and outstanding Equity Interests in Synchrony and stock powers with respect thereto executed in blank and (ii) such organizational documents, certificates and legal opinions as may be reasonably requested by the Administrative Agent or its counsel.  Upon completion of the requirements of this paragraph (b), the Administrative Agent is hereby authorized to amend Schedule II to the Domestic Collateral Agreement in order to reflect the pledge of the Equity Interests in Synchrony described above.

			
	
			
				 (c)
			 Not later than ten (10) days after the completion of the Reorganization Transactions, the Domestic Borrower shall deliver updated versions of Schedule 1.01(a) and Schedule 3.07(g) to the Administrative Agent.  Notwithstanding anything to the contrary set forth in the Credit Agreement, from and after date of such delivery, each reference in the Credit 
		

		 

		

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			Agreement to the term “Closing Date” with respect to Schedule 3.07(g) shall be deemed to be a reference to the date of such delivery.

			
	
			
				 Section 6.
			Releases.  Upon the completion of the transaction described in clause (m) of Section 4, the Administrative Agent and the Lenders agree to release their security interest in 65% of the Equity Interests of each of DRH and Sarl 1.  The undersigned Lenders (constituting Required Lenders under the Credit Agreement as of the date hereof) hereby authorize the Administrative Agent to enter into such documentation as is requested by the Borrower in order to effect the foregoing releases.  Upon executing such documentation with respect to DRH, the Administrative Agent is hereby authorized to amend Schedule II to the Domestic Collateral Agreement in order to reflect the release of the pledge of the Equity Interests in DRH previously granted to the Administrative Agent and the Lenders.

			
	
			
				 Section 7.
			Limited Nature of Amendment. This First Amendment shall not be deemed to (a) be a consent or agreement to, or waiver or modification of, any term or condition of the Credit Agreement, any other Loan Document or any of the documents referred to therein, except as expressly set forth herein, (b) impair or prejudice any right or rights which the Administrative Agent or the Lenders may now have or may have in the future under or in connection with the Credit Agreement, any other Loan Document or any of the documents referred to therein, or (c) constitute any course of dealing or other basis for altering any obligation of the Borrowers or any right, privilege or remedy of the Administrative Agent or the Lenders under the Credit Agreement, the other Loan Documents, or any other contract or instrument.

			
	
			
				 Section 8.
			Conditions Precedent.  This First Amendment shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.08 of the Credit Agreement) (the “First Amendment Effective Date”):

			
	
			
				 8.1
			The Administrative Agent shall have received from the Required Lenders, the Administrative Agent and the Borrowers, counterparts (in such number as may be requested by the Administrative Agent) of this First Amendment signed on behalf of such Persons.

			
	
			
				 8.2
			No Default or Event of Default shall have occurred and be continuing, after giving effect to the terms of this First Amendment.

			
	
			
				 8.3
			The Administrative Agent and the Lenders shall have received all fees and other amounts due and payable on or prior to the First Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrowers under the Credit Agreement.

			
	
			
				 8.4
			Each guarantor party to the Domestic Collateral Agreement shall have executed and delivered the Reaffirmation and Ratification attached to this First Amendment.

			
	
			
				 Section 9.
			Miscellaneous.

			
	
			
				 9.1
			Confirmation.  The provisions of the Credit Agreement, as amended by this First Amendment, shall remain in full force and effect following the effectiveness of this First Amendment.

		 

		

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				 9.2
			Ratification and Affirmation; Representations and Warranties.  The Borrowers hereby: (a) acknowledge the terms of this First Amendment; (b) ratify and affirm their obligations under, and acknowledge, renew and extend their continued liability under, each Loan Document to which they are a party and agree that each Loan Document to which they are a party remains in full force and effect, except as expressly amended hereby, after giving effect to the amendments contained herein; (c) agree that from and after the First Amendment Effective Date each reference to the Credit Agreement in the Domestic Collateral Agreement, the Mortgages and the other Loan Documents shall be deemed to be a reference to the Credit Agreement, as amended by this First Amendment; and (d) represent and warrant to the Lenders that as of the date hereof, after giving effect to the terms of this First Amendment:  (i) all of the representations and warranties made by the Borrowers contained in each Loan Document to which they are a party are true and correct in all material respects, unless such representations and warranties are stated to relate to a specific earlier date, in which case, such representations and warranties shall be true and correct in all material respects as of such earlier date and (ii) no Default or Event of Default has occurred and is continuing.  

			
	
			
				 9.3
			Loan Document.  This First Amendment is a “Loan Document” as defined and described in the Credit Agreement and all of the terms and provisions of the Credit Agreement relating to Loan Documents shall apply hereto.

			
	
			
				 9.4
			Counterparts.  This First Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of this First Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof.

			
	
			
				 9.5
			No Oral Agreement.  This FIRST AMENDMENT, the Credit Agreement and the other Loan Documents executed in connection herewith and therewith represent the final agreement AMONG the parties and may not be contradicted by evidence of prior, contemporaneous, or unwritten oral agreements of the parties.  There are no oral agreements between the parties.

			
	
			
				 9.6
			GOVERNING LAW.  THIS FIRST AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

		
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		IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed as of the date first written above.
		

		
			 
		

		
			 
		

			
					
						 

					
					
						DRESSER-RAND GROUP INC.,

				
	
					
						 

					
					
						as the Domestic Borrower

				

		
			 
		

			
					
						 

					
					
						By: / s / Robert J. Saltarelli

				
	
					
						 

					
					
						Name: Robert J. Saltarelli

				
	
					
						 

					
					
						Title:   Vice President and Treasurer

				

		
			 
		

		
			 
		

			
					
						 

					
					
						GRUPO GUASCOR, S.L.,

				
	
					
						 

					
					
						as the Spanish Borrower

				

		
			 
		

			
					
						 

					
					
						By: / s / Robert J. Saltarelli

				
	
					
						 

					
					
						Name: Robert J. Saltarelli

				
	
					
						 

					
					
						Title:   Director

				

		
			 
		

		

		

		 

		

			Dresser-Rand
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						JPMorgan Chase Bank, N.A.,

				
	
					
						 

					
					
						as Administrative Agent and as Lender

				

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						By: / s / Stephanie Balette

				
	
					
						 

					
					
						Name: Stephanie Balette

				
	
					
						 

					
					
						Title:   Authorized Signer

				

		
			 
		

		

		

		 

		

			Dresser-Rand
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						J.P. Morgan Europe Limited,

				
	
					
						 

					
					
						as European Administrative Agent

				

		
			 
		

			
					
						 

					
					
						By: / s / Altan Kayaalp

				
	
					
						 

					
					
						Name: Altan Kayaalp

				
	
					
						 

					
					
						Title:   Executive Director

				

		

		

		 

		

			Dresser-Rand
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						Bank of America, N.A.,

				
	
					
						 

					
					
						as Co-Syndication Agent and as Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Julie Castano

				
	
					
						 

					
					
						Name: Julie Castano

				
	
					
						 

					
					
						Title:   SVP

				

		

		

		 

		

			Dresser-Rand
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						Commerzbank AG, New York and Grand Cayman Branch,

				
	
					
						 

					
					
						as Co-Syndication Agent and as Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Kiuli Chan

				
	
					
						 

					
					
						Name: Kiuli Chan

				
	
					
						 

					
					
						Title:   Director

				

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						By: / s / Diane Pockaj

				
	
					
						 

					
					
						Name: Diane Pockaj

				
	
					
						 

					
					
						Title:   Managing Director

				

		
			 
		

		

		

		 

		

			Dresser-Rand
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						DNB Bank ASA,  New York Branch,

				
	
					
						 

					
					
						as Co-Syndication Agent

				

		
			 
		

			
					
						 

					
					
						By: / s / Nikolai A. Nachamkin

				
	
					
						 

					
					
						Name: Nikolai A. Nachamkin

				
	
					
						 

					
					
						Title:   Senior Vice President

				

		
			 
		

			
					
						 

					
					
						By: / s / Colleen Durkin

				
	
					
						 

					
					
						Name: Colleen Durkin

				
	
					
						 

					
					
						Title:   Senior Vice President

				

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						DNB Capital LLC,

				
	
					
						 

					
					
						as a Revolving Facility & Term Facility Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Nikolai A. Nachamkin

				
	
					
						 

					
					
						Name: Nikolai A. Nachamkin

				
	
					
						 

					
					
						Title:   Senior Vice President

				

		
			 
		

			
					
						 

					
					
						By: / s / Colleen Durkin

				
	
					
						 

					
					
						Name: Colleen Durkin

				
	
					
						 

					
					
						Title:   Senior Vice President

				

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						DNB Bank ASA, Grand Cayman Branch,

				
	
					
						 

					
					
						as a Euro Revolving Facility Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Nikolai A. Nachamkin

				
	
					
						 

					
					
						Name: Nikolai A. Nachamkin

				
	
					
						 

					
					
						Title:   Senior Vice President

				

		
			 
		

			
					
						 

					
					
						By: / s / Colleen Durkin

				
	
					
						 

					
					
						Name: Colleen Durkin

				
	
					
						 

					
					
						Title:   Senior Vice President

				

		
			 
		

		
			 
		

		
			
		

		
			 
		

		
			
		

		

		

		 

		

			Dresser-Rand
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						Santander Bank, N.A.

				
	
					
						 

					
					
						as Co-Syndication Agent and as Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Peter Lopoukhine

				
	
					
						 

					
					
						Name: Peter Lopoukhine

				
	
					
						 

					
					
						Title:   Senior Vice President

				

		

		

		 

		

			Dresser-Rand
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						Wells Fargo Bank, N.A.,

				
	
					
						 

					
					
						as Co-Syndication Agent and as Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Shannon Cunningham

				
	
					
						 

					
					
						Name: Shannon Cunningham

				
	
					
						 

					
					
						Title:   Assistance Vice President

				

		

		

		 

		

			Dresser-Rand
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						The Bank of Tokyo-Mitsubishi UFJ, Ltd.,

				
	
					
						 

					
					
						as Revolving Facility Lender, Delayed Draw Lender, and Term Facility lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Andrew Oram

				
	
					
						 

					
					
						Name: Andrew Oram

				
	
					
						 

					
					
						Title:   Managing Director

				

		

		

		 

		

			Dresser-Rand
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						The Bank of Tokyo-Mitsubishi UFJ, Ltd.,

				
	
					
						 

					
					
						as Euro Revolving Facility Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Ignacio Asin

				
	
					
						 

					
					
						Name: Ignacio Asin

				
	
					
						 

					
					
						Title:   Head of Corporate Finance – Madrid

				

		

		

		 

		

			Dresser-Rand
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						Compass Bank,

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Khoa Duong

				
	
					
						 

					
					
						Name: Khoa Duong

				
	
					
						 

					
					
						Title:   Vice President

				

		

		

		 

		

			Dresser-Rand
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						Citibank, N.A.,

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Allen Blankenship

				
	
					
						 

					
					
						Name: Allen Blankenship

				
	
					
						 

					
					
						Title:   Vice President

				

		

		

		 

		

			Dresser-Rand
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						HSBC Bank USA, N.A.,

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Jay Fort

				
	
					
						 

					
					
						Name: Jay Fort

				
	
					
						 

					
					
						Title:   Senior Vice President

				

		

		

		 

		

			Dresser-Rand
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						Sumimoto Mitsui Banking Corporation,

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

		
			 
		

			
					
						 

					
					
						By: / s / James D. Weinstein

				
	
					
						 

					
					
						Name: James D. Weinstein

				
	
					
						 

					
					
						Title:   Managing Director

				

		

		

		 

		

			Dresser-Rand
First Amendment

		

		

			 

		

 

		

			 

		

		
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						Barclays Bank PLC,

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Jonathan Wilson

				
	
					
						 

					
					
						Name: Jonathan Wilson

				
	
					
						 

					
					
						Title:   Director

				

		

		

		 

		

			Dresser-Rand
First Amendment

		

		

			 

		

 

		

			 

		

		
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						U.S. Bank National Association,

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / John M. Eyerman

				
	
					
						 

					
					
						Name: John M. Eyerman

				
	
					
						 

					
					
						Title:   Vice President

				

		

		

		 

		

			Dresser-Rand
First Amendment

		

		

			 

		

 

		

			 

		

		
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						Branch Banking and Trust Company,

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / DeVon J. Lang

				
	
					
						 

					
					
						Name: DeVon J. Lang

				
	
					
						 

					
					
						Title:   Vice President

				

		

		

		 

		

			Dresser-Rand
First Amendment

		

		

			 

		

 

		

			 

		

		
		

		
			 
		

		
			 
		

			
					
						 

					
					
						Comerica Bank,

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / L. J. Perenyi

				
	
					
						 

					
					
						Name: L. J. Perenyi

				
	
					
						 

					
					
						Title:   Vice President

				

		

		

		 

		

			Dresser-Rand
First Amendment

		

		

			 

		

 

		

			 

		

		
		

		
			 
		

		
			 
		

			
					
						 

					
					
						Morgan Stanley Senior Funding, Inc.

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Dmitriy Barskiy

				
	
					
						 

					
					
						Name: Dmitriy Barskiy

				
	
					
						 

					
					
						Title:   Vice President

				

		
			 
		

			
					
						 

					
					
						Morgan Stanley Bank, N.A.,

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						By: / s / Dmitriy Barskiy

				
	
					
						 

					
					
						Name: Dmitriy Barskiy

				
	
					
						 

					
					
						Title:   Authorized Signatory

				

		
			 
		

		

		

		 

		

			Dresser-Rand
First Amendment

		

		

			 

		

 

		

			 

		

		
		

		
			 
		

			
					
						 

					
					
						The Northern Trust Company,

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Keith Burson

				
	
					
						 

					
					
						Name: Keith Burson

				
	
					
						 

					
					
						Title:   Vice President

				

		

		

		 

		

			Dresser-Rand
First Amendment

		

		

			 

		

 

		

			 

		

		
		

		
			 
		

			
					
						 

					
					
						The Bank of Nova Scotia

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / John Frazell

				
	
					
						 

					
					
						Name: John Frazell

				
	
					
						 

					
					
						Title:   Director

				

		

		

		 

		

			Dresser-Rand
First Amendment

		

		

			 

		

 

		

			 

		

		
		

		
			 
		

			
					
						 

					
					
						CapitalOne, N.A.

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Tony Alexander

				
	
					
						 

					
					
						Name: Tony Alexander

				
	
					
						 

					
					
						Title:   Vice President

				

		

		

		 

		

			Dresser-Rand
First Amendment

		

		

			 

		

 

		

			 

		

		
		

		
			 
		

			
					
						 

					
					
						UniCredit AG, New York Branch

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Ken Hamilton

				
	
					
						 

					
					
						Name: Ken Hamilton

				
	
					
						 

					
					
						Title:   Managing Director

				

		
			 
		

			
					
						 

					
					
						By: / s / Bryon Korutz

				
	
					
						 

					
					
						Name: Bryon Korutz

				
	
					
						 

					
					
						Title:   Associate Director

				

		

		

		 

		

			Dresser-Rand
First Amendment

		

		

			 

		

 

		

			 

		

		
		

		
			 
		

			
					
						 

					
					
						BNP Paribas

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

			
					
						 

					
					
						By: / s / Sriram Chandrasekaran

				
	
					
						 

					
					
						Name: Sriram Chandrasekaran

				
	
					
						 

					
					
						Title:   Director

				

		
			 
		

			
					
						 

					
					
						By: / s / Julien Pecoud-Bouvet

				
	
					
						 

					
					
						Name: Julien Pecoud-Bouvet

				
	
					
						 

					
					
						Title:   Vice President

				

		

		

		 

		

			Dresser-Rand
First Amendment

		

		

			 

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						Standard Chartered Bank

				
	
					
						 

					
					
						as a Lender

				

		
			 
		

		
			 
		

			
					
						 

					
					
						By: / s / Steven Aloupis

				
	
					
						 

					
					
						Name: Steven Aloupis

				
	
					
						 

					
					
						Title:   Managing Director

				

		
			 
		

			
					
						 

					
					
						By: / s / Hsing H. Huang

				
	
					
						 

					
					
						Name: Hsing H. Huang

				
	
					
						 

					
					
						Title:   Associate Director

				

		
			 
		

		

		

		 

		

			Dresser-Rand
First Amendment

		

		

			 

		

 

		

			 

		

		REAFFIRMATION AND RATIFICATION: Each of the undersigned guarantors party to the Domestic Collateral Agreement hereby (a) acknowledges the terms of this First Amendment; (b) ratifies and affirms its obligations under, and acknowledges its continued liability under, each Loan Document to which it is a party, including the Domestic Collateral Agreement, and agrees that each Loan Document to which it is a party, including the Domestic Collateral Agreement, remains in full force and effect except as expressly amended hereby; and (c) represents and warrants to the Lenders that, as of the date hereof, after giving effect to the terms of this First Amendment: (i) all of the representations and warranties made by such guarantor contained in each Loan Document to which such guarantor is a party, including the Domestic Collateral Agreement, are true and correct in all material respects as though made on and as of the First Amendment Effective Date (unless such representations and warranties are stated to relate to a specific earlier date, in which case, such representations and warranties shall be true and correct in all material respects as of such earlier date) and (ii) no Default or Event of Default has occurred and is continuing.
		

		
			ACKNOWLEDGED AND RATIFIED:
		

			
					
						 

					
					
						DRESSER-RAND COMPANY

				
	
					
						 

					
					
						 

				

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						By: / s / Robert J. Saltarelli

				
	
					
						 

					
					
						Name: Robert J. Saltarelli

				
	
					
						 

					
					
						Title:   Treasurer

				

		
			 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						DRESSER-RAND LLC

				
	
					
						 

					
					
						 

				

		
			 
		

			
					
						 

					
					
						By: / s / Robert J. Saltarelli

				
	
					
						 

					
					
						Name: Robert J. Saltarelli

				
	
					
						 

					
					
						Title:   Treasurer

				

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						D-R STEAM LLC

				
	
					
						 

					
					
						 

				

		
			 
		

			
					
						 

					
					
						By: / s / Robert J. Saltarelli

				
	
					
						 

					
					
						Name: Robert J. Saltarelli

				
	
					
						 

					
					
						Title:   Treasurer

				

		
			 
		

			
					
						 

					
					
						DRESSER-RAND POWER LLC

				
	
					
						 

					
					
						 

				

		
			 
		

			
					
						 

					
					
						By: / s / Robert J. Saltarelli

				
	
					
						 

					
					
						Name: Robert J. Saltarelli

				
	
					
						 

					
					
						Title:   Treasurer

				

		

		

		 

		

			Reaffirmation and Ratification

		

 

		

			 

		

		 
		

		
			 
		

			
					
						 

					
					
						DRESSER-RAND GLOBAL SERVICES, INC.

				
	
					
						 

					
					
						 

				

		
			 
		

			
					
						 

					
					
						By: / s / Robert J. Saltarelli

				
	
					
						 

					
					
						Name: Robert J. Saltarelli

				
	
					
						 

					
					
						Title:   Treasurer

				

		
			 
		

			
					
						 

					
					
						DR ACQUISITION LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:  Dresser-Rand Company, its sole member

				

		
			 
		

			
					
						 

					
					
						By: / s / Robert J. Saltarelli

				
	
					
						 

					
					
						Name: Robert J. Saltarelli

				
	
					
						 

					
					
						Title:   Treasurer

				

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			Reaffirmation and Ratification

		

 

		

			 

		

		Schedule II
		

		
			 
		

		
			Pledged Stock; Pledged Debt Securities
		

		
			 
		

		
			A.  Pledged Stock
		

		
			 
		

		
			Certificated Pledged Stock
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Issuer

					
					
						Pledgor

					
					
						Certificate
Number

					
					
						Class of
Equity
Interest

					
					
						Number of Shares

					
					
						Percentage Pledged by Pledgor

				
	
					
						Dresser-Rand

					
						Global Services,

					
						Inc.

					
					
						Dresser-Rand

					
						Company

					
						 

					
					
						1

					
					
						Common Stock

					
					
						100

					
					
						100%

				
	
					
						Dresser-Rand Holdings (Delaware) LLC

					
					
						Dresser-Rand Group Inc.

					
					
						2

					
					
						Common Interests

					
					
						65

					
					
						65%

				
	
					
						Dresser-Rand Power LLC

					
					
						Dresser-Rand

					
						Group Inc. 

					
					
						1

					
					
						Common Interests

					
					
						100

					
					
						100%

				
	
					
						Dresser-Rand LLC

					
					
						Dresser-Rand

					
						Group Inc. 

					
					
						1

					
					
						Common Interests

					
					
						100

					
					
						100%

				
	
					
						Dresser-Rand Holding (Luxembourg) Inc.1

					
					
						Dresser-Rand

					
						Group Inc. 

					
					
						N/A

					
					
						Common Stock

					
					
						1,000

					
					
						65%

				

		
			 
		

		
			Uncertificated Pledged Stock
		

		
			 
		

			
					
						Issuer

					
					
						Pledgor

					
					
						Class of
Equity
Interest

					
					
						Percentage Pledged by Pledgor

				
	
					
						DR Acquisition LLC

					
					
						Dresser-Rand

					
						Company

					
						 

					
					
						Membership Interests

					
					
						100%

				
	
					
						Dresser-Rand Company

					
					
						Dresser-Rand

					
						Group Inc. 

					
					
						Partnership Interests

					
					
						49%

				
	
					
						 

					
					
						Dresser-Rand LLC

					
					
						 

					
					
						51%

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						D-R Steam LLC

					
					
						Dresser-Rand Group Inc

					
					
						Membership Interests

					
					
						100%

				

		
			 
		

		
			B.  Pledged Debt Securities
		

		
			 
		

		
			None. 
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						1       To be converted into an LLC.

					
					
						 

				

		
			 
		

		 

		

			Schedule IIEX-10.1

 Exhibit 10.1 

[Walgreen Co. letterhead] 
 July 29, 2014

 Mr. Timothy R. McLevish 
 [Address] 

Dear Tim: 
 Welcome to Walgreens! We are pleased to offer you the
position of Global Chief Financial Officer, reporting to Greg Wasson, President and Chief Executive Officer. We are confident that you will find your employment with Walgreens both challenging and rewarding and we look forward to you joining our
team. The remaining details are set forth below: 
 Base Salary. $800,000, annually, less all applicable tax withholdings and benefit deductions.

 Annual Bonus Opportunity. Based on your position, you will be eligible for an annual bonus under the Walgreen corporate bonus program, which is
based on the Company’s fiscal year running from September 1 through August 31, and is subject to the approval by the Board of Directors of each year’s bonus. You will be eligible for a pro-rated bonus for the remainder of the
current fiscal year should your start date be prior to September 1, 2014. The bonus target for Fiscal 2014 and Fiscal 2015 for your position has been approved at 100% of your base salary. 

Long-Term Incentives. You will also be eligible for long-term incentives, which are currently at the following levels based on your position level.

 Executive Stock Options: The number of options approved for your position for Fiscal 2015 equals 580% of base salary divided by the average stock
price as determined under the Walgreen Co. 2013 Omnibus Incentive Plan (the “Omnibus Plan”). Options become vested three years after the grant date and may be exercised up to 10 years after the grant date. 

Restricted Stock Units: The number of units approved for your position for Fiscal 2015 equals 85% of base salary divided by the average stock price as
determined under the Omnibus Plan. RSUs become vested after three-years and are distributed in shares of Walgreen Co. stock. As a condition to receiving this grant, you will be required to sign a Non-competition, Non-solicitation, and
Confidentiality Agreement. 
 Performance Plan Program: The current annual performance share program provides for a grant of “contingent”
shares each fiscal year that become payable, or “earned”, if the Company meets the performance targets. The earned award is based on company performance (Adjusted FIFO EBIT weighted at 70% and ROIC weighted at 30%) over a three year
period. The entire earned award is paid in stock at the end of the three-year period. The target annual award for your position for Fiscal 2015 equals 145% of base salary divided by the average stock price as determined under the Omnibus Plan. 

Other Employee Benefits. See the attached Overview of Benefits, briefly describing the Walgreens employee benefits that are applicable. This includes
four weeks of vacation annually (pro-rated for the partial year in which you are hired). 

 Corporate Officer Paperwork. After acceptance of this offer, and subject to final approval by the Board of
Directors on your corporate officer status, we will send you all applicable corporate officer paperwork for your review and completion, including our Code of Ethics Policy and D&O Questionnaire. 

Non-Compete. As a condition to this offer of employment, you will be required to sign a Non-Competition, Non-Solicitation and Confidentiality
Agreement when you begin employment with Walgreens. This is a standard agreement for executives, and a copy of this Agreement can be provided in advance upon request. 

Your start date is to be determined. On that date there will be an orientation session in our Talent Acquisition and Diversity Services Department located at
102 Wilmot Road, Deerfield, IL 60015. We ask that you bring proof of identity and eligibility for employment; a list of acceptable documents is enclosed. 

Our offer of employment will remain open for seven days from the date of this letter, and is contingent upon your passing a pre-employment drug screen, per
our Drug Free Work Place Policy, and background check. It is our policy that the pre-employment drug screen test be completed within 48 hours of receiving this offer packet. You can find your nearest drug testing location by calling 1-800-877-7484.
Enclosed are the “forensic Drug Testing Custody and Control Form” and the “Walgreens Drug Test Consent/Release Form”. Please complete and return the consent/release form. Please bring the Forensic Drug Testing Custody and Control
Form with you to the drug test facility along with a valid photo I.D. accepted by the state. 
 This offer is subject to approval by the Compensation
Committee of the Board of Directors of Walgreen Co. 
 If you would like to accept this offer of employment, please sign your name on the line below, fill
in the date, and return the signed letter to me in the enclosed envelope. The duplicate of this letter is for your records. 
 You should not consider our
offer of employment to be a contract or guarantee of indefinite employment. Employment at Walgreens is at will, for no definite term, and is subject to Walgreens policies, which can be changed from time to time. 

If you have any questions, please call me at [phone]. 

Sincerely, 
 /s/ Greg Wasson 

Greg Wasson 
 President and Chief Executive Officer 

Walgreen Co. 
 Enclosures 

 

	Cc:	Kathleen Wilson-Thompson 

 I accept the offer of employment and understand that the offer is not intended to be
a guarantee of continued employment. 
  

					
	Signature:	  	 /s/ Timothy R. McLevish
	  	Date: 7/30/2014

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