Document:

Service Agreement

 Exhibit 10.6 
  
 SERVICE AGREEMENT 
  
 This service agreement (“Agreement”) is effective as of July 1, 2003 by and among the WORLD MONITOR TRUST—SERIES A, B AND C, WORLD MONITOR TRUST
II—SERIES D, E, AND F, DIVERSIFIED FUTURES TRUST I, DIVERSIFIED FUTURES TRUST II and PRUDENTIAL SECURITIES STRATEGIC TRUST (each a “Trust” and collectively, the “Trusts”), PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC., as the managing owner of each of the Trusts (the “Managing Owner”) and WACHOVIA SECURITIES, LLC (the “Service Provider”). 
  
 WHEREAS, each of the Trusts is a Delaware business trust organized to trade futures contracts and other investments;

  
 WHEREAS, the Managing Owner is a Delaware corporation registered
with the Commodity Futures Trading Commission (“CFTC”) as a Commodity Pool Operator (“CPO”) and Commodity Trading Advisor (“CTA”); 
  
 WHEREAS, Service Provider is registered with the CFTC and the National Futures Association (“NFA”) as a futures
commission merchant (“FCM”) and is also registered as a broker-dealer with the Securities and Exchange Commission (“SEC”) and is a member of the National Association of Securities Dealers, Inc. (“NASD”); 
  
 WHEREAS, each of the Trusts has sold interests to the public (the
“Interests”) pursuant to the terms of a prospectus (each, a “Prospectus”); and 
  
 WHEREAS, the Managing Owner wishes to engage the Service Provider as a service provider for the Trusts and the Service Provider wishes to act as a service
provider for the Trusts. 
  
 NOW, THEREFORE, in consideration of
their mutual covenants and undertakings and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows: 
  

	1.	Services to be Provided 

  
 The Service Provider agrees to perform the following services for limited owners of the Trusts that have accounts with the Service Provider (“Limited
Owners”): (a) inquiring of the Managing Owner from time to time, at the request of a Limited Owner, as to the Net Asset Value per Interest; (b) inquiring of the Managing Owner from time to time, at the request of a Limited Owner, regarding the
commodity interest markets or any Trust; (c) assisting, at the request of the Managing Owner, in the redemption, exchange and transfer of Interests; and (d) providing such other services to the Limited Owners as the Managing Owner may, from time to
time, reasonably request. To the extent that the Service Provider utilizes the services of its employees to assist it in performing the services described above, each such employee will be registered with the CFTC and will have passed either the
Series 3 National Commodity Futures Examination or the Series 31 Futures Managed Funds Examination. 
  
 In connection with the foregoing services, the Service Provider shall not give any written material other than such written material as has been approved in advance
by each of the Trusts or the Managing Owner. The Service Provider shall make no oral representation to any Limited Owner unless such representation is specifically set forth in the applicable Prospectus or properly approved written material.

  

	2.	Undertakings 

  
 The Managing Owner and the Trusts agree to cooperate with the Service Provider in the performance of the Service Provider’s services hereunder, and to provide the Service Provider with any and all information and
documentation that the Service Provider reasonably requires in order to perform the services contemplated by this Agreement. Without limiting the generality of the foregoing, the Managing Owner agrees to provide the Service Provider with copies of
(i) each Prospectus and any amendments or supplements thereto; (ii) any and all monthly and annual reports of any Trust; and (iii) all correspondence sent by any Trust and/or the Managing Owner to the Limited Owners. 
  

	3.	Representations and Warranties of the Managing Owner 

  
 The Managing Owner represents and warrants to the Service Provider that: 
  

	 	A.	 Each of the Managing Owner and the Trusts has obtained and possesses all required governmental, regulatory and commodity exchange approvals and licenses and that each has

	 	 
effected all filings and registrations required in order to enter into and perform this Agreement, to conduct its business generally and to perform its obligations
described hereunder and as described in the Prospectus. 

  

	 	B.	Each of the Managing Owner and the Trusts will maintain such approvals, licenses, filings and registrations throughout the term of this Agreement and shall notify the Service Provider
immediately of any material change in such approvals, licenses, filings or registrations. 

  

	 	C.	Each of the Managing Owner and the Trusts has complied with all laws, rules and regulations applicable to its business, including rules and regulations promulgated by the CFTC and NFA, the
violation of which would materially and adversely affect their respective business, financial condition or earnings. 

  

	 	D.	There are no actions, suits or proceedings pending or, to the best of the Managing Owner’s knowledge, threatened against the Managing Owner or any Trust at law or in equity or before or
by any Federal, state, municipal or other governmental or regulatory department, commission, board, bureau, agency or instrumentality, or by any commodity or security exchange worldwide in which an adverse decision would materially and adversely
affect the ability of the Managing Owner or any Trust to comply with and perform their respective obligations under this Agreement or any Prospectus. 

  

	 	E.	This Agreement has been duly and validly authorized, executed and delivered and is a valid and binding agreement, enforceable against the Managing Owner and each Trust in accordance with its
terms, except as enforceability may be limited by applicable bankruptcy, moratorium, insolvency or other laws now or hereafter enacted affecting the enforcement of creditors’ rights generally and by legal and equitable restrictions on the
availability of equitable remedies, including specific performance. 

  

	 	F.	Neither the Managing Owner nor any Trust will use the Service Provider’s name in any documents or correspondence in connection with any Trust without the express written consent of the
Service Provider, which consent shall not be unreasonably withheld. 

  
 The representations and warranties contained in this Section 3 shall continue during the term of this Agreement, and, if at any time any event has occurred which would make or tend to make any of the foregoing not true, the
Managing Owner will promptly notify the Service Provider in writing of such event. 
  

	4.	Representations and Warranties of the Service Provider 

  
 The Service Provider hereby represents and warrants to the Trusts and to the Managing Owner that: 
  

	 	A.	It is duly registered Futures Commission Merchant as that term is defined under Section 4d of the Commodity Exchange Act as amended and the regulations thereunder and is a registered member
of NFA. 

  

	 	B.	It is registered with the SEC as a broker-dealer and is a registered member of the NASD. 

  

	 	C.	It will maintain the foregoing registration status throughout the time it performs any services under this Agreement. 

  

	 	D.	It has complied with all laws, rules and regulations having application to its business, including rules and regulations promulgated by the CFTC and NFA, the violation of which would
materially and adversely affect the business, financial condition or earnings of the Service Provider. 

  

	 	E.	There are no actions, suits or proceedings pending or, to the best knowledge of the Service Provider, threatened at law or in equity or before or by any Federal, state, municipal or other
governmental or regulatory department, commission, board, bureau, agency or instrumentality, or by any commodity or security exchange worldwide in which an adverse decision would materially and adversely affect the ability of the Service Provider to
comply with and perform it obligations under this Agreement, except as set forth in Exhibit A attached hereto. 

  

	 	F.	 This Agreement has been duly and validly authorized, executed and delivered and is a valid and binding agreement, enforceable against it, in accordance with its terms, except
as enforceability 

  

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may be limited by applicable bankruptcy, moratorium, insolvency or other laws now or hereafter enacted affecting the enforcement of creditors’ rights generally
and by legal and equitable restrictions on the availability of equitable remedies, including specific performance. 

  

	 	G.	The Service Provider will not use the name of the Managing Owner or any Trust in any documents or correspondence, other than those necessary for the Service Provider to perform the services
enumerated in Section 1 hereof, without the express written consent of such Trust and the Managing Owner, which consent shall not be unreasonably withheld. 

  
 The representations and warranties contained in this Section 4 shall continue during the term of this Agreement, and, if at any time
any event has occurred which would make or tend to make any of the foregoing not true, the Service Provider will notify the Managing Owner and each Trust in writing of such event. 
  

	5.	Indemnification 

  

	 	A.	The Managing Owner and the Trust shall indemnify and hold harmless the Service Provider, and its officers, directors, employees and affiliates, from any claims, suits, controversies,
judgments, losses, awards or settlements (including, without limitation, reasonable attorneys’ fees and expenses) caused by, or related to, (i) the Managing Owner’s or the Trust’s material breach of any applicable provision of this
Agreement; or (ii) the Managing Owner’s or the Trust’s negligence, intentional misconduct or violation of applicable law in performing any of the activities contemplated under this Agreement. Notwithstanding the preceding sentence, the
Managing Owner and the Trust shall be entitled to an appropriate offset for any indemnification obligations that are caused, in part or in whole, by Service Provider’s breach of any provision of this Agreement or Service Provider’s
negligence, intentional misconduct or violation of applicable law in performing any of the activities contemplated under this Agreement. 

  

	 	B.	The Service Provider shall indemnify and hold harmless the Managing Owner and the Trust, and their respective officers, directors, employees and affiliates, from any claims, suits,
controversies, judgments, losses, awards or settlements (including, without limitation, reasonable attorneys’ fees and expenses) caused by, or related to, (i) the Service Provider’s material breach of any applicable provision of this
Agreement; or (ii) the Service Provider’s negligence, intentional misconduct or violation of applicable law in performing any of the activities contemplated under this Agreement. Notwithstanding the preceding sentence, the Service Provider
shall be entitled to an appropriate offset for any indemnification obligations that are caused, in part or in whole, by the Managing Owner’s or the Trust’s breach of any provision of this Agreement or Service Provider’s negligence,
intentional misconduct or violation of applicable law in performing any of the activities contemplated under this Agreement. 

  

	6.	Limitation of the Service Provider’s Liability 

  
 The Service Provider shall incur no liability to any of the Trusts, the Managing Owner, any Limited Owner or any other party except to the extent caused by the
Service Provider’s negligence or willful misconduct in performing its obligations under this Agreement, or its material breach of any representation, warranty, covenant or term of this Agreement. 
  

	7.	Compensation 

  
 In consideration of the Service Provider’s services provided as specified herein, the Managing Owner will pay or cause to be paid to the Service Provider a monthly service fee, which on an annual basis will equal 4% of the
Net Asset Value of such Interests beneficially owned by Limited Owners of each Trust as of the applicable date of determination who hold such Interests through accounts maintained with the Service Provider, provided that, as set out in Section 1,
the Service Provider remains registered with the CFTC as a FCM and remains a member in good standing of the NFA in such capacity, and the registered representatives of the Service Provider responsible for the servicing of each Interest which is the
subject of the compensation paid to the Service Provider hereunder are registered with the CFTC and have passed either the Series 3 National Commodity Futures Examination or the Series 31 Futures Managed Funds Examination. These payments should be
made within a reasonable time following each month, but in no event later than 15 days following the end of 

  

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each month. From the date of this Agreement, and until further written notice from the Managing Owner, the Service Provider shall be paid such fees out of the
brokerage and services fee that Prudential Equity Group, Inc., f/k/a Prudential Securities Incorporated (“PEG”) receives from each Trust. 
  

	8.	Miscellaneous 

  

	 	A.	This Agreement shall be binding upon and inure to the benefit of the parties’ respective successors and permitted assigns; provided that such successors and assigns shall be deemed to
make the same representations and warranties contained in this Agreement as their predecessors. 

  

	 	B.	This Agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect to conflict of law principles. 

  

	 	C.	This Agreement constitutes the entire agreement among the parties hereto with respect to the matters referred to herein and supersedes any prior agreements, whether verbal or written, among
them. 

  

	 	D.	This Agreement may not be amended except by the express written consent of the parties hereto. No waiver of any provision of this Agreement may be implied from any course of dealing among the
parties or from any failure by any party to assert its rights under this Agreement on any occasion or series of occasions. 

  

	 	E.	If any provision of this Agreement, or the application of any such provision to any person or circumstance, shall be held to be inconsistent with any present or future law, ruling, or
regulation of any court or regulatory body, exchange, or board of trade having jurisdiction over the subject matter of this Agreement, such provision shall be deemed to be rescinded or modified in accordance with such law, ruling, rule or
regulation, and the remainder of this Agreement, or the application of such provisions to persons or circumstances other than those as to which it is held inconsistent, shall not be effected thereby. 

  

	 	F.	Any and all disputes arising out of or relating to this Agreement shall be settled by arbitration pursuant to the rules of the NFA in force at the time arbitration is demanded. Any award
rendered thereon by the arbitrators shall be final and binding on each and all the parties thereto and judgment may be entered in any court having jurisdiction thereof. 

  

	 	G.	This Agreement may not be assigned by any party without the prior written consent of the other parties; provided, however, each Trust and the Service Provider agree that the Managing
Owner may assign this Agreement in connection with the sale of, and to the acquiror of, all or substantially all of the business or assets of the Managing Owner, provided such acquiror expressly assumes and agrees in writing to perform this
Agreement in the same manner and to the same extent that the Managing Owner would be required to perform if no such transaction had taken place. For the avoidance of doubt, it shall not be considered an assignment of this Agreement by the Managing
Owner if the ownership of the Managing Owner is transferred to an affiliate of PEG, including, but not limited to, Prudential Financial Derivatives, LLC. 

  

	 	H.	This Agreement may be executed and delivered in counterparts, each of which will be deemed an original. 

  

	 	I.	Headings used in this Agreement are for convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Agreement.

  

	9.	Termination 

  
 This Agreement may be terminated by any party hereto upon 30 days’ prior written notice to the other parties. Such notice shall have no effect on any outstanding rights, obligations or liabilities of the parties prior to
the receipt of such notice and the effective date of termination of this Agreement. 
  

	10.	Notices 

  
 Any notice required to be delivered pursuant to this Agreement shall be in writing and shall be delivered by courier service, telex, facsimile transmission, or other similar means and shall be effective upon receipt by the
party to whom such notice shall be directed. 
  

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 IN WITNESS WHEREOF, this Agreement has been executed for and on behalf of the undersigned with effect as of
the date written above. 
  
 WORLD MONITOR TRUST—SERIES A, B AND C 
 By: PRUDENTIAL SECURITIES FUTURES MANAGEMENT INC. 
  
         /s/ Brian Martin 
 By:                                     
                                        
         
         Name: Brian Martin 
         Title: President 
  
 WORLD MONITOR TRUST II—SERIES D, E AND F 
 By: PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC. 
  
         /s/ Brian Martin

 By:                                     
                                        
         
         Name: Brian Martin 
         Title: President 
  
 DIVERSIFIED FUTURES TRUST 
 By: PRUDENTIAL SECURITIES FUTURES MANAGEMENT INC.

  
         /s/ Brian Martin 

By:                                     
                                        
         
         Name: Brian Martin 
         Title: President 
  
 DIVERSIFIED FUTURES TRUST II 
 By: PRUDENTIAL SECURITIES FUTURES MANAGEMENT INC.

  
         /s/ Brian Martin 

By:                                     
                                        
         
         Name: Brian Martin 
         Title: President 
  
 PRUDENTIAL SECURITIES STRATEGIC TRUST 
 By: PRUDENTIAL SECURITIES FUTURES MANAGEMENT
INC. 
  
         /s/ Brian Martin

 By:                                     
                                        
         
         Name: Brian Martin 
         Title: President 
  
 PRUDENTIAL SECURITIES FUTURES MANAGEMENT INC. 
  
         /s/ Brian Martin 
 By:                                     
                                        
         
         Name: Brian Martin 
         Title: President 
  
 WACHOVIA SECURITIES, LLC 
  
         /s/ Leah Wehinger 
 By:                                     
                                        
         
         Name: Leah Wehinger 
         Title: Managing Director 
  

 5Amendment No. 7 and Waiver to the Credit Agreement dated 03/01/2004

 EXHIBIT 4.12 
  
 AMENDMENT NO. 7 TO THE CREDIT AGREEMENT 
  
 Dated as of March 1, 2004 
  
 AMENDMENT NO. 7 TO CREDIT AGREEMENT, dated as of March 1, 2004 (this “Amendment”), among DRESSER, INC., a Delaware corporation
(the “U.S. Borrower”), D.I. LUXEMBOURG S.A.R.L., a corporation organized and existing under the laws of Luxembourg (the “Euro Borrower”, and, collectively with the U.S. Borrower, the
“Borrowers”), DRESSER HOLDINGS, INC., a Delaware corporation (“Dresser Holdings” or the “Parent”), DEG ACQUISITIONS, LLC, a Delaware limited liability company (“DEG
Acquisitions”), the Subsidiary Guarantors (as hereinafter defined), the Revolving Credit Lenders and the Tranche C Term Lenders (as hereinafter defined) listed on the signature pages hereof, the Issuing Banks, WELLS FARGO BANK TEXAS,
N.A., as the Swing Line Bank, MORGAN STANLEY & CO. INCORPORATED (“MS & Co.”), as Collateral Agent, MORGAN STANLEY SENIOR FUNDING, INC. (“MSSF”), as Administrative Agent, and MSSF, as lead
arranger and bookrunning manager for the Tranche C Term Facility (as hereinafter defined) (the “Tranche C Arranger”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Borrowers, DEG Acquisitions, the Subsidiary Guarantors, certain
financial institutions and other persons from time to time parties thereto (collectively, the “Lenders”) and the Agents have entered into a Credit Agreement dated as of April 10, 2001, as amended by Amendment No. 1 thereto
dated as of March 13, 2002, Amendment No. 2 thereto dated as of June 17, 2002, Amendment No. 3 thereto dated as of December 11, 2002, Amendment No. 4 and Waiver thereto dated as of March 31, 2003, Amendment No. 5 thereto dated as of June 30, 2003
and Amendment No. 6 and Waiver dated as of August 5, 2003 (as so amended, the “Credit Agreement”; capitalized terms used herein but not defined shall be used herein as defined in the Credit Agreement). Dresser Holdings has
entered into an Assignment and Assumption Agreement dated as of July 3, 2002 with DEG Acquisitions whereby Dresser Holdings assumed the duties and liabilities of DEG Acquisitions under the Credit Agreement and the Security Agreement. 
  
 WHEREAS, the Borrowers desire to amend the Credit Agreement to provide, in
part, for (i) the addition of a new class of Tranche C Term Facility having identical terms with and having the same rights and obligations under the Loan Documents as the Tranche B Term Advances, as set forth in the Loan Documents, except as such
terms are amended hereby, (ii) the borrowing by the U.S. Borrower of certain senior unsecured loans pursuant to a Term Loan Agreement (the “Refinancing Loans”) and (iii) certain amendments to Section 5.04 thereof; 

 
 WHEREAS, each Tranche B Term Lender who executes and delivers this
Amendment shall be deemed, upon the effectiveness of this Amendment, to have exchanged its Tranche B Term Commitment and Tranche B Term Advances (which Tranche B Term Commitment and Tranche B Term Advances shall thereafter be deemed terminated and
refinanced in full) for a Tranche C Term Commitment (a “Tranche C Term Commitment”) and 

 Tranche C Term Advances in the same aggregate principal amount as such Lender’s outstanding Tranche B Term Advances
as set forth in Schedule I to the Credit Agreement, as amended as of the Amendment No. 7 Effective Date (as hereinafter defined), and such Lender shall thereafter become a Tranche C Term Lender (each, a “Tranche C Term
Lender”); 
  
 WHEREAS, each Person who executes and
delivers this Amendment as an Additional Tranche C Term Lender (each, an “Additional Tranche C Term Lender”), will make Tranche C Term Advances on the Amendment No. 7 Effective Date (as hereinafter defined) (each, an
“Additional Tranche C Term Advance”) to the U.S. Borrower in an aggregate principal amount equal to the amount set forth opposite its name on Schedule I to the Credit Agreement, as amended as of the Amendment No. 7 Effective
Date (as hereinafter defined), the proceeds of which will be used by the U.S. Borrower to refinance in full the outstanding principal amount of Tranche B Term Advances of Tranche B Term Lenders, if any, who do not execute and deliver this Amendment,
it being understood that an Additional Tranche C Term Lender may be a Tranche B Term Lender prior to the Amendment No. 7 Effective Date; 
  
 WHEREAS, the U.S. Borrower shall pay to each Tranche B Term Lender all accrued and unpaid interest on its Tranche B Term Advances to the Amendment No. 7
Effective Date on such Amendment No. 7 Effective Date; and 
  
 WHEREAS, the Lenders have agreed, subject to the terms and conditions hereinafter set forth, to amend the Credit Agreement in certain respects as set forth below; 
  
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration (the receipt and sufficiency
of which is hereby acknowledged), the parties hereto hereby agree as follows: 
  
 SECTION 1. Amendment of Credit Agreement. The Credit Agreement is hereby amended as follows: 
  
 (a) Section 1.01 of the Credit Agreement is hereby amended as follows: 
  
 (i) By amending and restating clause (A) of the definition of “Applicable Margin” in
its entirety to read as follows: 
  
 “(A) in respect of the
Tranche C Term Facility, a percentage per annum equal to (a) for Eurodollar Rate Advances, 2.50% and (b) for Base Rate Advances, 1.50%.” 
  
 (ii) By deleting the definition of “Commitment” in its entirety and inserting the following definition in its
place: 
  
 ““Commitment” means a
Tranche A U.S. Term Commitment, a Tranche A Euro Term Commitment, a Tranche C Term Commitment, a Revolving Credit Commitment or a Letter of Credit Commitment.” 
  
 (iii) By deleting the definition of “Lenders” in its entirety and inserting the
following definition in its place: 
  

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 ““Lenders” means the Initial Lenders, the Tranche C Term Lenders and each
Person that shall become a Lender hereunder pursuant to Section 9.07 or pursuant to Section 2.17 or pursuant to any amendment to this Agreement, for so long as such Initial Lender, Tranche C Term Lender or Person, as the case may be, shall be a
party to this Agreement.” 
  
 (iv) By
deleting the definition of “Tranche B Term Advance” in its entirety and inserting the following definition in its place: 
  
 ““Tranche C Term Advance” means a term advance or term advances in Dollars made pursuant to Section 2.01(h) or
deemed made pursuant to Section 2.01(g).” 
  
 (v) By deleting the definition of “Tranche B Term Commitment” in its entirety and inserting the following definition in its place: 
  
 ““Tranche C Term Commitment” means, with respect to any Tranche C Term Lender at
any time, the amount set forth opposite such Lender’s name on Schedule I hereto under the caption “Tranche C Term Commitment” or, if such Lender has entered into one or more Assignment and Acceptances, the amount set forth for such
Lender in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Lender’s “Tranche C Term Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.” 

 
 (vi) By deleting the definition of “Tranche B
Term Facility” in its entirety and inserting the following definition in its place: 
  
 ““Tranche C Term Facility” means, at any time, the aggregate amount of the Tranche C Term Lenders’ Tranche
C Term Commitments at such time.” 
  
 (vii)
By deleting the definition of “Tranche B Term Lender” in its entirety and inserting the following definition in its place: 
  
 ““Tranche C Term Lender” means, collectively, (a) each Tranche B Term Lender that executes and delivers
Amendment No. 7 on or prior to the Amendment No. 7 Effective Date and (b) each Additional Tranche C Term Lender.” 
  
 (viii) By deleting the definition of “Tranche B Term Note” in its entirety and inserting the following definition
in its place: 
  
 ““Tranche C Term
Note” means a promissory note of the U.S. Borrower payable to the order of any Tranche C Term Lender, in substantially the form of Exhibit A-4 hereto, evidencing the indebtedness of the U.S. Borrower to such Lender resulting from the
Tranche C Term Advance made by such Lender, as amended.” 
  
 (ix) By inserting the following new definitions therein in the appropriate alphabetical order: 
  

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 ““Additional Tranche C Term Advance” means a term advance or term advances
in Dollars made pursuant to Section 2.01(h) of this Agreement on the Amendment No. 7 Effective Date. 
  
 “Additional Tranche C Term Borrowing” means a borrowing consisting of simultaneous Additional Tranche C Term Advances of the same
Type made by the Additional Tranche C Term Lenders. 
  
 “Additional Tranche C Term Commitment” means, with respect to an Additional Tranche C Term Lender, the commitment of such Additional Tranche C Term Lender to make Additional Tranche C Term Advances on the Amendment
No. 7 Effective Date, in an amount in Dollars set forth next to the name of such Additional Tranche C Term Lender on Schedule I hereto under the caption “Additional Tranche C Term Commitment”. The aggregate amount of the
Additional Tranche C Term Commitments and the Tranche C Term Commitments of each Tranche B Term Lender that executes and delivers Amendment No. 7 on or prior to the Amendment No. 7 Effective Date shall be an amount (rounded upwards, if necessary, to
the nearest $1,000,000) equal to (a) the aggregate principal amount of Tranche B Term Advances outstanding immediately prior to the Amendment No. 7 Effective Date minus (b) the sum of (i) the net proceeds of Refinancing Loans made on the
Amendment No. 7 Effective Date plus (ii) U.S.$25,000,000. 
  
 “Additional Tranche C Term Lender” means a Person with an Additional Tranche C Term Commitment to make Additional Tranche C Term Advances to the U.S. Borrower on the Amendment No. 7 Effective Date, it being
understood that an Additional Tranche C Term Lender may be a Tranche B Term Lender. 
  
 “Amendment No. 7” means Amendment No. 7 to this Agreement dated as of March 1, 2004 among the Borrowers, DEG Acquisitions, the Parent, the Subsidiary Guarantors, the Lenders party thereto and
the Agents. 
  
 “Amendment No. 7 Effective
Date” is defined in Section 3 of Amendment No. 7. 
  
 “Refinancing Loan Agreement” means the Senior Unsecured Term Loan Agreement dated as of March 1, 2004 among the U.S. Borrower, the lenders party thereto and MSSF, as administrative agent for such lenders. 

 
 “Refinancing Loans” means the term loans made to
the U.S. Borrower pursuant to the Refinancing Loan Agreement. 
  
 “Tranche B Term Advance” has the meaning specified in Section 1.01 of this Credit Agreement, as in effect prior to the Amendment No. 7 Effective Date. 
  
 “Tranche B Term Commitment” has the meaning specified in Section 1.01 of this Credit Agreement, as
in effect prior to the Amendment No. 7 Effective Date.” 
  

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 “Tranche B Term Lender” has the meaning specified in Section 1.01 of this Credit
Agreement, as in effect prior to the Amendment No. 7 Effective Date.” 
  
 (b) Section 2.01 of the Credit Agreement is amended by adding the following new subsections (g) through (i) immediately after Section 2.01(f): 
  
 “(g) Exchange. Subject to the terms and conditions hereof, each Tranche B Term Lender with a
Tranche C Term Commitment severally agrees to exchange its Tranche B Term Advance for a like principal amount in Dollars of Tranche C Term Advances on the Amendment No. 7 Effective Date, and from and after the Amendment No. 7 Effective Date such
Tranche B Term Advance shall be deemed refinanced in full and such Tranche C Term Advances shall be deemed made hereunder. 
  
 (h) The Additional Tranche C Term Advances. Subject to the terms and conditions hereof, each Additional Tranche C Term Lender
severally agrees to make Additional Tranche C Term Advances in Dollars to the U.S. Borrower on the Amendment No. 7 Effective Date in a principal amount not to exceed its Additional Tranche C Term Commitment on the Amendment No. 7 Effective Date. The
U.S. Borrower shall refinance all Tranche B Term Advances of Tranche B Term Lenders that do not execute and deliver Amendment No. 7 on the Amendment No. 7 Effective Date with the gross proceeds of the Additional Tranche C Term Advances and the
Refinancing Loans. 
  
 (i) Interest. On
the Amendment No. 7 Effective Date the U.S. Borrower shall pay all accrued and unpaid interest (including, without limitation, any costs and expenses under Section 9.04(c)) on the Tranche B Term Advances to the Tranche B Term Lenders.”

  
 (c) Section 2.04(c) of the Credit Agreement is amended in full
to read as follows: 
  
 “(c) Tranche C
Term Advances. The U.S. Borrower shall repay to the Administrative Agent for the ratable account of the Tranche C Term Lenders the aggregate outstanding principal amount of the Tranche C Term Advances on the last day of each fiscal quarter of
the U.S. Borrower, commencing with the fiscal quarter ending March 31, 2004 and continuing through the Termination Date, in an amount equal to (i) in the case of each installment prior to the last four installments, 0.25% of the initial aggregate
principal amount of all Tranche C Term Advances and (ii) in the case of each of the last four installments, 25% of the aggregate principal amount of all Tranche C Term Advances outstanding at the beginning of such four-quarter period (with the
amounts in clauses (i) and (ii) to be reduced in accordance with Section 2.06 as a result of the application of prepayments that were required as a condition of the effectiveness of Amendment No. 7 or were thereafter made); provided, however,
that the final principal installment shall be repaid on the Termination Date and shall be in an amount equal to the aggregate principal amount of the Tranche C Term Advances outstanding on such date.” 
  
 (d) Section 2.14 of the Credit Agreement is amended in full to read as
follows: 
  

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 “Use of Proceeds. The proceeds of the Tranche A U.S. Term Advances, the
Tranche A Euro Term Advances and the Tranche B Term Advances shall be available (and the Applicable Borrower agrees that it shall use such proceeds) solely to finance the Recapitalization, to refinance Existing Debt and pay fees and expenses
incurred in connection with the Transaction. The proceeds of the Tranche C Term Advances shall be available (and the U.S. Borrower agrees that it shall use such proceeds) to prepay the Tranche B Term Advances outstanding on the Amendment No. 7
Effective Date and for general corporate purposes of the U.S. Borrower and its Subsidiaries. The proceeds of the Revolving Credit Advances, the Swing Line Advances and the issuances of Letters of Credit shall be available (and the U.S. Borrower
agrees that it shall use such proceeds) solely to provide revolving credit for the U.S. Borrower and its Subsidiaries and for any other lawful purpose permitted hereunder.” 
  
 (e) Upon the Amendment No. 7 Effective Date, the Tranche C Term Advances shall have the same terms, rights and obligations
as the Tranche B Term Advances as set forth in the Loan Documents, except as modified by Section 1 of this Amendment, and all references to “Tranche B Term Advances”, “Tranche B Term Commitment”, “Tranche B Term
Facility”, “Tranche B Term Note”, “Tranche B Term Lenders” and “Tranche B Term Borrowings” in the Loan Documents (except for those in Sections 2.01(c), 2.01(g) through (i) and 2.14 of the Credit Agreement and
except for all other uses of those terms in reference to any obligation performed or right accrued or exercised by any Loan Party prior to the Amendment No. 7 Effective Date in respect of the Tranche B Term Advances, Tranche B Term Commitments,
Tranche B Term Facility, Tranche B Term Note, Tranche B Term Lenders and Tranche B Term Borrowings as outstanding prior to the Amendment No. 7 Effective Date, such as, for example, the right to deduct payments made on Advances under the Tranche B
Term Facility set forth in clause (X)(b)(vi) of the definition of “Excess Cash Flow”) shall be deemed to be references to “Tranche C Term Advances”, “Tranche C Term Commitment”, “Tranche C Term Facility”,
“Tranche C Term Note”, “Tranche C Term Lenders” and “Tranche C Term Borrowings”, respectively. 
  
 SECTION 2. Other Amendments. The Credit Agreement is hereby further amended as follows: 
  
 (a) Section 1.01 of the Credit agreement is hereby further
amended as follows: 
  
 (i) The definition of
“EBITDA” therein is amended by (A) adding the following phrase at the end of subclause (b)(v) thereof “and fees payable and expenses incurred in connection with any amendments or waivers of this Agreement”, (B)
deleting subclause (d)(2) thereof and (C) redesignating subclause (d)(3) as (d)(2). 
  
 (ii) The definition of “Net Income” therein is amended by deleting clause (ii) thereof in its entirety and
replacing such clause with the clause “(ii) [Intentionally Omitted]”. 
  
 (iii) Clause (f) of the definition of “Permitted Acquisition” therein is amended in its entirety to read as
follows: 
  

 6 

 “(f) at any time after the Amendment No. 7 Effective Date, the aggregate consideration for such
acquisition, when added to all such consideration for all such acquisitions made on or after the Amendment No. 7 Effective Date, shall not exceed $300,000,000 or its equivalent in another currency”. 
  
 (iv) By inserting the following new definitions therein in
the appropriate alphabetical order: 
  
 “Acquisition
Debt Basket” means at any time $250,000,000 less the sum of (i) the aggregate principal amount borrowed under Section 2.17 after the Amendment No. 7 Effective Date, the proceeds of which are applied to finance Permitted
Acquisitions plus (ii) the aggregate principal amount of Refinancing Loans borrowed after the Amendment No. 7 Effective Date, the proceeds of which are applied to finance Permitted Acquisitions. 
  
 “Foreign Cash Equivalents” means, to the extent
owned by the Euro Borrower or any Foreign Subsidiary free and clear of all Liens other than Liens created under the Collateral Documents, cash equivalents or other instruments of a type and nature (including, without limitation, with respect to
credit quality and liquidity) similar to the cash equivalents or other instruments described in clauses (a) through (f) of the definition of Cash Equivalents. 
  

(b) Section 2.17 is amended by deleting the phrase “$95,000,000 (or the Equivalent in Euros thereof) plus the High Yield Add-On Proceeds (or the
Equivalent in Euros thereof)” in each place it appears therein and substituting in each case therefor the phrase “$250,000,000 (or the Equivalent in Euros thereof)”. 
  
 (c) Article V of the Credit Agreement is amended as follows: 
  
 (i) By amending and restating the title thereof to read: “COVENANTS OF THE PARENT AND THE U.S.
BORROWER”. 
  
 (ii) By amending and
restating the introductory paragraph of Section 5.01 to read as follows: 
  
 “So long as any Advance or any other Obligation of any Loan Party under any Loan Document with respect to the payment of principal, interest or fees shall remain unpaid, any Letter of Credit shall be outstanding
or any Lender Party shall have any Commitment hereunder, (i) prior to the Amendment No. 7 Effective Date, the Parent, or (ii) on and after the Amendment No. 7 Effective Date, the U.S. Borrower, will:” 
  
 (iii) By deleting the word “Parent” in (A) the
introductory paragraph of Section 5.02 and (B) the lead-in sentence of Section 5.02(b)(ii) and substituting therefor the phrase “U.S. Borrower”. 
  
 (iv) By deleting the amount “$35,000,000” in Section 5.02(a)(viii) and substituting therefor the amount “$50,000,000”.

  

 7 

 (v) By adding the following new subclause (E) immediately after subclause (D) in Section
5.02(b)(i): 
  
 “(E) the Refinancing Loans on terms and
conditions satisfactory to the Administrative Agent in an aggregate principal amount not to exceed at any time the sum of (i) 100,000,000 plus (ii) the aggregate principal amount of Refinancing Loans in excess of $100,000,000 applied to
prepay the Tranche C Term Advances plus (iii) the Acquisition Debt Basket at such time (so long as, in the case of clause (iii), the proceeds of such additional Refinancing Loans are applied to finance Permitted Acquisitions).”

  
 (vi) By deleting the amount
“$10,000,000” in subclause (C) of Section 5.02(b)(ii) and substituting therefor the amount “$20,000,000”. 
  
 (vii) By deleting the amount “$10,000,000” in subclause (K) of Section 5.02(b)(ii) and substituting therefor the amount
“$20,000,000”. 
  
 (viii) By deleting
the amount “$25,000,000” in subclause (O) of Section 5.02(b)(ii) and substituting therefor the amount “$50,000,000”. 
  
 (ix) By deleting the phrase “U.S.$25,000,000 in any one Fiscal Year and U.S.$75,000,000 in the aggregate for all such
transactions” in Section 5.02(e)(iii) and substituting therefor the phrase “U.S.$150,000,000 in the aggregate for all such transactions made on or after the Amendment No. 7 Effective Date”. 
  
 (x) By adding the following new subsection (vii) immediately
after subsection (vi) in Section 5.02(e): 
  
 “(vii) sales
of individual US export receivables with a fair market value of not more than U.S.$15,000,000 in any one Fiscal Year.” 
  
 (xi) By deleting the amount “$50,000,000” in subclause (D) of Section 5.02(f)(i) and substituting therefor: 
  
 “the sum of (x) all such Investments then outstanding that were made
prior to the Amendment No. 7 Effective Date and (y) $100,000,000” 
  
 (xii) By adding the following new subsection (x) immediately after subsection (ix) in Section 5.02(f): 
  
 “(x) Investments by the Euro Borrower or any Foreign Subsidiary in Foreign Cash Equivalents.” 
  

 8 

 (xiii) By deleting the table contained in Section 5.04(a) thereof in its entirety and
substituting therefor the following table: 
  

			
	 Quarter Ending

	  	Ratio

	 March 31, 2002
 June 30, 2002
 September 30, 2002
 December 31, 2002
	  	4.90:1.00
4.90:1.00
4.90:1.00
5.50:1.00
		
	 March 31, 2003
 June 30, 2003
 September 30, 2003
 December 31, 2003
	  	5.75:1.00
5.95:1.00
5.95:1.00
5.30:1.00
		
	 March 31, 2004
 June 30, 2004
 September 30, 2004
 December 31, 2004
	  	5.30:1.00
5.30:1.00
5.30:1.00
5.30:1.00
		
	 March 31, 2005
 June 30, 2005
 September 30, 2005
 December 31, 2005
	  	4.90:1.00
4.90:1.00
4.90:1.00
4.90:1.00
		
	 March 31, 2006
 June 30, 2006
 September 30, 2006
 December 31, 2006
	  	4.70:1.00
4.70:1.00
4.70:1.00
4.70:1.00
		
	 For each fiscal quarter thereafter
	  	4.70:1.00

  

 9 

 (xiv) By deleting the table contained in Section 5.04(b) in its entirety and substituting
therefor the following table: 
  

			
	 Quarter Ending

	  	Ratio

	 March 31, 2002
 June 30, 2002
 September 30, 2002
 December 31, 2002
	  	2.00:1.00
2.00:1.00
2.00:1.00
2.00:1.00
		
	 March 31, 2003
 June 30, 2003
 September 30, 2003
 December 31, 2003
	  	1.85:1.00
1.80:1.00
1.80:1.00
2.00:1.00
		
	 March 31, 2004
 June 30, 2004
 September 30, 2004
 December 31, 2004
	  	2.00:1.00
2.00:1.00
2.00:1.00
2.00:1.00
		
	 March 31, 2005
 June 30, 2005
 September 30, 2005
 December 31, 2005
	  	2.15:1.00
2.15:1.00
2.15:1.00
2.15:1.00
		
	 March 31, 2006
 June 30, 2006
 September 30, 2006
 December 31, 2006
	  	2.30:1.00
2.30:1.00
2.30:1.00
2.30:1.00
		
	 For each fiscal quarter thereafter
	  	2.30:1.00

  
 (d)
Upon and after the effectiveness of this Amendment, Schedule I to the Credit Agreement shall be amended to reflect the allocations of the Lender Parties as of the Amendment No. 7 Effective Date (as defined below). 
  
 SECTION 3. Conditions to Effectiveness. This Amendment and the amendments
contained herein shall become effective on the date (the “Amendment No. 7 Effective Date”) when each of the conditions set forth in this Section 3 to this Amendment shall have been fulfilled to the satisfaction of the
Administrative Agent. 
  
 (i) Execution of
Counterparts. The Administrative Agent shall have received counterparts of this Amendment, duly executed and delivered on behalf of each of the (a) Borrowers, (b) the Administrative Agent, (c) the Required Lenders (after giving effect to the
prepayment of Tranche B Term Advances contemplated hereby) and (d) each Tranche 
  

 10 

 C Term Lender, or as to any of the foregoing parties, advice reasonably satisfactory to the
Administrative Agent that each of the foregoing parties has executed a counterpart of this Amendment. 
  
 (ii) Notice of Borrowing. The U.S. Borrower shall have provided the Administrative Agent with a Notice of Borrowing in accordance
with the requirements of Section 2.02(a) of the Credit Agreement prior to the Amendment No. 7 Effective Date with respect to the borrowing of the Tranche C Term Advances on the Amendment No. 7 Effective Date except that the three Business Day notice
requirement is hereby waived. 
  
 (iii)
Consummation of Refinancing Loans. Simultaneously with the effectiveness of this Amendment, the U.S. Borrower shall have received an amount equal to at least U.S.$95,000,000 in gross proceeds of the Refinancing Loans and shall have applied
such proceeds to prepay the Tranche B Term Advances, which prepayment shall constitute an optional prepayment. 
  
 (iv) Voluntary Prepayment of Tranche B Term Advances. Simultaneously with the effectiveness of this Amendment, the U.S. Borrower
shall have made a voluntary prepayment of the Tranche B Term Advances in an amount equal to $25,000,000 with available cash on hand (other than proceeds of the Refinancing Loans, the Revolving Credit Advances and the Tranche C Term Advances), which
prepayment shall constitute an optional prepayment. 
  
 (v) Payment of Fees and Expenses. The U.S. Borrower shall have paid (a) to the Administrative Agent, for the benefit of the applicable Revolving Credit Lenders, a fee equal to 0.125% of the aggregate Revolving Credit Commitments of
each Revolving Credit Lender that has executed and delivered this Amendment on or before February     , 2004, and (b) all expenses (including the fees and expenses of Shearman & Sterling LLP) incurred in connection with the
preparation, negotiation and execution of this Amendment and other matters relating to the Credit Agreement from and after the last invoice to the extent invoiced. 
  
 (vi) Evidence of Debt. Each Tranche C Term Lender shall have received, if requested, one or more
Notes payable to the order of such Lender duly executed by the U.S. Borrower in substantially the form of Exhibit A-4 to the Credit Agreement, as modified by this Amendment, evidencing the Tranche C Term Advances. 
  
 (vii) Interest, Etc. Simultaneously with the making
of the Tranche C Term Advances, the U.S. Borrower shall have paid to all the Tranche B Term Lenders all accrued and unpaid interest on the Tranche B Term Advances to the Amendment No. 7 Effective Date plus any loss or expense pursuant to Section
9.04(c) of the Credit Agreement. 
  
 (viii)
Execution of Consent. The Administrative Agent shall have received counterparts of a Consent substantially in the form of Exhibit A to this Amendment, duly executed by each of the entities listed therein. 
  

 11 

 (ix) Resolutions. The Administrative Agent shall have received certified copies of
(A) the resolutions of the Board of Directors of each of the Borrowers evidencing approval for this Amendment and all matters contemplated hereby and (B) all documents evidencing other necessary corporate action and governmental and other third
party approvals and consents if any, with respect to this Amendment and the matters contemplated hereby. 
  
 (x) Certificates. The Administrative Agent shall have received a certificate of the Secretary or an Assistant Secretary of each of
the Borrowers certifying as to (A) the names and true signatures of the officers of each Borrower authorized to sign this Amendment and the other documents to be delivered hereunder, (B) that no authorization or approval or other action by, and no
notice to or filing with, any governmental authority or regulatory body, or any third party to any agreements and instruments is required for the due execution, delivery or performance by each Borrower of this Amendment, (C) a true and correct copy
of any and all amendments to the charter or bylaws of such Borrower since the date of the certificate delivered pursuant to Section 3.01(a)(vi) of the Credit Agreement or the absence of any such amendments, (D) the representations and warranties
contained in Section 5 of this Amendment are true and correct and (E) no event has occurred and is continuing that constitutes a Default. 
  
 (xi) Legal Details, Etc. All documents executed or submitted pursuant hereto shall be satisfactory in form and substance to the
Administrative Agent and Shearman & Sterling LLP as counsel. The Administrative Agent and its counsel shall have received all information and such counterpart originals or such certified or other copies or such materials as the Administrative
Agent or its counsel may reasonably request, and all legal matters incident to the transactions contemplated by this Amendment shall be satisfactory to the Administrative Agent and its counsel. 
  
 (xii) No Default. No Default shall have occurred and
be continuing, or would occur as a result of the transactions contemplated by this Agreement. 
  
 The Administrative Agent’s disbursement of the prepayments made on Tranche B Term Advances pursuant to clauses (iii) and (iv) of this
Section 3 shall establish conclusively that the foregoing conditions have been satisfied or waived and that this Amendment and the amendments contained herein have become effective. 
  
 SECTION 4. Confirmation of Representations and Warranties. Each of the Borrowers hereby represents and warrants, on
and as of the date hereof, that the representations and warranties contained in the Credit Agreement and the other Loan Documents to which they are a party are correct and true in all material respects on and as of the date hereof, before and after
giving effect to this Amendment, as though made on and as of the date hereof, other than any such representations or warranties that, by their terms, refer to a specific date. 
  
 SECTION 5. Reference to and Effect on the Transaction Documents. (a) On and after the effectiveness of this
Amendment, each reference in the Credit Agreement to “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other transaction documents to the “Credit Agreement”,
“thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified by this Amendment. 
  

 12 

 (b) The Credit Agreement, the Notes and each of the other Loan Documents, as specifically
amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. Without limiting the generality of the foregoing, the Collateral Documents and all of the Collateral described
therein do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents, in each case as amended by this Amendment. 
  

(c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of
any right, power or remedy of any Lender or any Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 
  
 SECTION 6. Execution in 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 shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by telecopier
shall be effective as delivery of a manually executed counterpart of this Amendment. 
  
 SECTION 7. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York, and shall be subject to the jurisdictional and service provisions of the Credit
Agreement, as if this were a part of the Credit Agreement. 
  
 SECTION 8. Entire Agreement; Modification. This Amendment constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, there being no other agreements or understandings, oral, written or otherwise,
respecting such subject matter, any such agreement or understanding being superseded hereby, shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, and may not be amended, extended or
otherwise modified, except in a writing executed in whole or in counterparts by each party hereto. 
  
 [Signatures follow.] 
  

 13 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their
respective authorized officers as of the day and year first above written. 
  

			
	 DRESSER, INC., as U.S. Borrower

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

	
	 D.I. LUXEMBOURG S.A.R.L.,

	 	 	 as Euro Borrower

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

  

 14 

									
	 	 	DEG ACQUISITIONS, LLC
			
	 	 	By:	 	FIRST RESERVE FUND VIII, L.P.,
	 	 	 	 	a Delaware limited partnership, its Manager
				
	 	 	 	 	By:	 	FIRST RESERVE GP VIII, L.P.,
	 	 	 	 	 	 	a Delaware limited partnership, its general partner
					
	 	 	 	 	 	 	By:	 	 FIRST RESERVE CORPORATION,

	 	 	 	 	 	 	 	 	 a Delaware corporation, its general partner

					
	 	 	 	 	 	 	By:	 	  

	 	 	 	 	 	 	 	 	 Name:

	 	 	 	 	 	 	 	 	 Title:

			
	 DRESSER HOLDINGS, INC.

		
	 By:   
	 	 
	 	 	

	 	 	 Name:
 Title:

			
	 MORGAN STANLEY SENIOR FUNDING, INC.,
 as Administrative Agent

		
	 By:
	 	 
	 	 	

	 	 	 Name:
 Title:

			
	 MORGAN STANLEY & CO. INCORPORATED,
 as Collateral Agent

		
	 By:
	 	 
	 	 	

	 	 	 Name:
 Title:

 REVOLVING CREDIT LENDERS 

	

			
	  

	 [Print Name of Financial Institution]

		
	 By:
	 	 
	 	 	

	 	 	 Name:
 Title:

 TRANCHE C TERM LENDERS 
  

			
	  

	 [Print Name of Financial Institution]

		
	 By:
	 	 
	 	 	

	 	 	 Name:
 Title:

			
	ISSUING BANKS
	
	 WELLS FARGO BANK, N.A.

		
	By:	 	 
	 	 	

	 	 	 Name:
 Title:

			
	ISSUING BANKS
	
	 CREDIT SUISSE FIRST BOSTON

		
	 By:
	 	 
	 	 	

	 	 	 Name:

	 	 	 Title:

		
	 By:
	 	 
	 	 	

	 	 	 Name:

	 	 	 Title:

			
	SWING LINE BANK
	
	WELLS FARGO BANK TEXAS, N.A.
		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

 EXHIBIT A TO AMENDMENT NO. 7 
  
 CONSENT 
  
 Reference is made to the Credit Agreement, dated as of April 10, 2001, as amended by Amendment No. 1 thereto dated as of March 13, 2002, Amendment No. 2
thereto dated as of June 17, 2002, Amendment No. 3 thereto dated as of December 11, 2002, Amendment No. 4 and Waiver thereto dated as of March 31, 2003, Amendment No. 5 dated as of June 30, 2003 and Amendment No. 6 and Waiver thereto dated as of
August 5, 2003 among the Borrowers, the Lenders party thereto, and Morgan Stanley Senior Funding, Inc., as Administrative Agent (such Credit Agreement, as so amended, the “Credit Agreement”). 
  
 Each of the undersigned confirms and agrees that (a) notwithstanding the
effectiveness of the foregoing Amendment No. 7 to the Credit Agreement, each Loan Document to which such Person is a party is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, in each case as
amended by Amendment No. 7 to the Credit Agreement, and (b) the Collateral Documents to which such Person is a party and all of the Collateral described therein do, and shall continue to, secure the payment of all of the Secured Obligations and the
Guaranteed Obligations, respectively (in each case, as defined therein). 
  

			
	 DEG ACQUISITIONS, LLC

		
	 By:
	 	 FIRST RESERVE FUND VIII, L.P.,

	 	 	 a Delaware limited partnership, its Manager

		
	     By:
	 	 FIRST RESERVE GP VIII, L.P.,

	 	 	a Delaware limited partnership, its general partner
		
	 By:
	 	 FIRST RESERVE CORPORATION,

	 	 	a Delaware corporation, its general partner
		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

			
	 DRESSER HOLDINGS, INC.

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

	
	 DRESSER INTERNATIONAL, INC.

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

	
	 DRESSER RE, INC.

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

	
	 DRESSER RUSSIA, INC.

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

	
	 LVF HOLDING CORPORATION

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

	
	 MODERN ACQUISITION, INC.

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

			
	 DRESSER ENTECH, INC.

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

	
	 RING-O VALVE, INCORPORATED

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

	
	 DRESSER CHINA, INC.

		
	 By:
	 	  

	 	 	 Name:

	 	 	 Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}]]