Document:

EX-10.2

 Exhibit 10.2 

 
 EXECUTION VERSION 

FIRST AMENDMENT 

First Amendment, dated as of April 8, 2013 (this “Amendment”), to the Credit Agreement dated as of
September 10, 2012 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among TOTAL SYSTEM SERVICES, INC. (the “Borrower”), the several lenders from time to time party
thereto (the “Lenders”), JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the “Administrative Agent”) and the other agents party thereto. 

W I T N E S S E T H: 

WHEREAS, the Borrower, the Lenders and the Administrative Agent are parties to the Credit Agreement, and the Borrower has requested that
the Credit Agreement be amended as set forth herein; 
 WHEREAS, as permitted by Section 10.01 of the Credit Agreement,
the Required Lenders and the Administrative Agent are willing to agree to this Amendment upon the terms and conditions set forth herein; 
 NOW, THEREFORE, in consideration of the premises contained herein, the parties hereto agree as follows: 
 SECTION 1.    Defined Terms.  Unless otherwise defined herein, capitalized terms are used herein as defined in the Credit Agreement as amended hereby. 

SECTION 2.    Amendment to Section 1.01 (Defined Terms). Section 1.01 of the Credit Agreement is
hereby amended by deleting “5.0%” and inserting “7.5%” in the definition of “Consolidated EBITDA”. 
 SECTION 3.    Amendment to Section 1.03 (Accounting Terms). Section 1.03(a) of the Credit Agreement is hereby amended by (1) inserting “and
Calculations” in the Section heading immediately after “Accounting Terms”, and (2) inserting the following language at the end of subsection (a): 
 “For the avoidance of doubt, for purposes of calculating any financial ratio as used in the financial covenants set forth in Section 7.09, if at any time during the applicable Measurement Period
for such financial covenant, the Borrower or any Subsidiary shall have consummated the Acquisition or other purchase or acquisition (including through a merger or consolidation) of all of (or, to the extent the applicable Person becomes a
Subsidiary, a majority of) the equity interests of another Person or all or substantially all of the property, assets or business of another Person or of the assets constituting a business unit, line of business or division of another Person, then
such financial ratio shall be determined after giving pro forma effect to the Acquisition or other purchase or acquisition (including any Consolidated EBITDA, Consolidated EBITDAR, Indebtedness, Consolidated Interest Charges or Rental Expenses
acquired, incurred or assumed in connection therewith) as if such transaction had occurred on the first day of such Measurement Period.” 

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 SECTION 4.    Amendment to Section 7.01
(Liens).  Section 7.01(a) of the Credit Agreement is hereby amended by (1) deleting “or” at the end of subsection (v) thereof, (2) inserting “or” at the end of subsection (vi) thereof, and
(3) inserting the following new subsection (vii) immediately after subsection (vi): 
 “(vii) a Negative Pledge
contained in any agreement evidencing or governing Indebtedness (including credit facilities and debt securities) otherwise permitted to be incurred under this Agreement, so long as the Borrower determines in good faith (after consultation with the
Administrative Agent) that such Negative Pledge, taken as a whole, is no more restrictive in any material respect than the restrictions in Section 7.01(b), or that such Negative Pledge is otherwise in a form customary for similar agreements for
comparable borrowers or issuers at such time; and” 
 SECTION 5.    Amendment to Schedule
10.02.  The U.S. taxpayer identification number of the Borrower listed on Schedule 10.02 is hereby replaced by the following U.S. taxpayer identification number: 58-1493818. 

SECTION 6.    Representations and Warranties.  On and as of the date hereof, the Borrower hereby
confirms and reaffirms that, after giving effect to this Amendment, (i) each of the representations and warranties set forth in Article V of the Credit Agreement are true and correct in all material respects on and as of the date hereof (except
to the extent that any such representation or warranty expressly relates to a specified earlier date, in which case such representation or warranty shall be true and correct in all material respects as of such earlier date) and (ii) no Default
or Event of Default shall have occurred and be continuing. 
 SECTION 7.    Condition to
Effectiveness.  This Amendment shall become effective on the date on which the Administrative Agent (or its counsel) shall have received from the Borrower, the Administrative Agent and the Required Lenders either a counterpart of this
Amendment signed on behalf of such party or written evidence satisfactory to the Administrative Agent (which may include telecopy or other electronic transmission of a signed signature page of this Amendment) that such party has signed a counterpart
of this Amendment. 
 SECTION 8.    Continuing Effect; No Other Amendments or Consents. 

(a)      Except as expressly provided herein, all of the terms and provisions of the Credit
Agreement are and shall remain in full force and effect. The amendment provided for herein is limited to the specific subsection of the Credit Agreement specified herein and shall not constitute a consent, waiver or amendment of, or an indication of
the Administrative Agent’s or the Lenders’ willingness to consent to any action requiring consent under any other provisions of the Credit Agreement or the same subsection for any other date or time period. Upon the effectiveness of the
amendment set forth herein, each reference in the Credit Agreement to “this Agreement,” “the Agreement,” “hereunder,” “hereof” or words of like import referring to the Credit Agreement, and each reference in
the other Loan Documents to “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 amended hereby. 

(b)      The Borrower agrees with respect to each Loan Document to which it is a party that
all of its obligations and liabilities under such Loan Document shall remain in full force and effect on a continuous basis in accordance with the terms and conditions of such Loan Document after giving effect to this Amendment. 

(c)      The Borrower and the other parties hereto acknowledge and agree that this
Amendment shall constitute a Loan Document. 

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 SECTION 9.    Expenses.  The Borrower agrees to pay
or reimburse the Administrative Agent for all its reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of this Amendment, and any other documents prepared in connection herewith and the
consummation and administration of the transactions contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent. 

SECTION 10.  Counterparts.  This Amendment may be executed in any number of counterparts by the parties hereto
(including by facsimile and electronic (e.g., “.pdf”, or “.tif”) transmission), each of which counterparts when so executed shall be an original, but all the counterparts shall together constitute one and the same instrument.

 SECTION 11.  GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK. 
  
 [Remainder of
page intentionally left blank.] 

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

							
	 TOTAL SYSTEM SERVICES, INC., as Borrower

		
	By:	 	/s/ James B. Cosgrove
		 	Name: James B. Cosgrove
		 	Title: Group Executive & Treasurer

  
 [Signature
Page to First Amendment] 

 
							
	 JPMORGAN CHASE BANK, N.A.,
 as Administrative Agent and as a Lender

		
	By:	 	/s/ Robert D. Bryant
		 	Name: Robert D. Bryant
		 	Title: Vice President

  
 [Signature
Page to First Amendment] 

 
							
	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as

a Lender

		
	By:	 	/s/ Lillian Kim
		 	Name: Lillian Kim
		 	Title: Director

  
 [Signature
Page to First Amendment] 

 
									
		 	
	REGIONS BANK, as a Lender	 	
			
	By:	 	/s/ Donald Dalton	 	
		 	Name: Donald Dalton	 	
		 	Title: Executive Vice President	 	
		 		 	
		 		 	
		 		 	
		 		 	
	 FOR LENDERS REQUIRING A
 SECOND SIGNATURE LINE:
	 	
		 		 	
		 		 	
		 		 	
	By:	 	 	 	
		 	Name:	 	
		 	Title:	 	

  
 [Signature
Page to First Amendment] 

 
							
	U.S. BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	/s/ Robert C. Mayer, Jr.
		 	Name: Robert C. Mayer, Jr.
		 	Title: Vice President
		 	
		 	
		 	
		 	
	 FOR LENDERS REQUIRING A
 SECOND SIGNATURE LINE:

		 	
		 	
		 	
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page to First Amendment] 

 
							
	SYNOVUS BANK, as a Lender
		
	By:	 	Jason E. Gaylor
		 	Name: Jason E. Gaylor
		 	Title: SVP

  
 [Signature
Page to First Amendment] 

 
							
	FIFTH THIRD BANK,
	as a Lender
		
	By:	 	/s/ Kenneth W. Deere
		 	Name: Kenneth W. Deere
		 	Title: Senior Vice President
		 	
		 	
		 	
		 	
	 FOR LENDERS REQUIRING A
 SECOND SIGNATURE LINE:

		 	
		 	
		 	
	By:	 	 
		 	Name:
		 	Title:

  
 [Signature
Page to First Amendment] 

 
							
	 ROYAL BANK OF CANADA,
 as a Lender

		
	By:	 	/s/ Sheldon Pinto
		 	Name: Sheldon Pinto
		 	Title: Authorized Signatory

  
 [Signature
Page to First Amendment] 

 
							
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as a Lender

		
	By:	 	/s/ Brian Buck
		 	Name: Brian Buck
		 	Title: Director

  
 [Signature
Page to First Amendment] 

 
							
	 BANK OF AMERICA, N.A.,
 as a Lender

		
	By:	 	/s/ Hichem Kerma
		 	Name: Hichem Kerma
		 	Title: Director

  
 [Signature
Page to First Amendment]EX-10.1

 Exhibit 10.1 
 EXECUTION VERSION 
 AMENDMENT NO. 2 

to the 
 THIRD
AMENDED AND RESTATED CREDIT AGREEMENT 
 This AMENDMENT NO. 2, dated as of April 5, 2013 (the “Amendment”), to the THIRD
AMENDED AND RESTATED CREDIT AGREEMENT is by and among (a) KENNAMETAL INC., a Pennsylvania corporation (the “Company”), (b) KENNAMETAL EUROPE GMBH, a limited liability company organized under the laws of Switzerland and a
wholly-owned Foreign Subsidiary of the Company (the “Foreign Borrower”; and together with the Company, collectively, the “Borrowers”), (c) the several banks and other financial institutions or entities from
time to time party to the Credit Agreement referred to below (the “Lenders”), BANK OF AMERICA, N.A., LONDON BRANCH, as Euro Swingline Lender, and (e) BANK OF AMERICA, N.A., as administrative agent for the Lenders (the
“Administrative Agent”). 
 WHEREAS, the Borrowers, the Lenders, and the Administrative Agent are
parties to that certain Third Amended and Restated Credit Agreement dated as of June 25, 2010 (as amended and in effect from time to time, the “Credit Agreement”; capitalized terms used but not otherwise defined herein shall
have the same meanings ascribed to them in the Credit Agreement); 
 WHEREAS, the Borrowers have requested that the
Administrative Agent and the Lenders amend certain of the terms and provisions of the Credit Agreement; 
 WHEREAS, the
Administrative Agent and the Lenders have agreed, subject to the terms and conditions set forth herein, to so amend those certain terms and provisions of the Credit Agreement, and in connection with such amendment, that certain Lender(s) will
terminate their Commitments (“Exiting Lenders”) and certain other Lenders may increase their commitments, and certain new Lender(s) will join the Credit Agreement as Lender(s) (“Joining Lender(s)”). 

NOW, THEREFORE, the Borrowers, the Lenders, and the Administrative Agent hereby agree as follows: 

1.        Amendment to Credit Agreement. The Credit Agreement is hereby amended as
follows: 
  (a)        Section 1.1 (Defined Terms) of the Credit Agreement is
hereby amended by restating the definition set forth below in its entirety as follows: 

 “Termination Date”: April 5, 2018. 

 (b)        The definition of “Eurocurrency Base Rate” in Section 1.1
(Defined Terms) of the Credit Agreement is hereby amended by inserting the following clause immediately before the parenthetical “(“BBA LIBOR”)” in such definition: 

 “or the successor thereto if the British Bankers Association is no longer making a LIBOR rate available”

  (c)        The Credit Agreement is hereby amended by deleting the existing
Schedule 1.1 to the Credit Agreement in its entirety and substituting in lieu thereof an updated Schedule 1.1 (Commitments) to the Credit Agreement as attached hereto as Annex A. 

2.        Conditions to Effectiveness. This Amendment shall become effective as of the
date first written above upon the satisfaction of the following conditions precedent on or prior to April 5, 2013: 

  

 (a)        Documentation. The Administrative
Agent shall have received all of the following, in form and substance satisfactory to Administrative Agent: 

    (i)        duly executed and delivered counterparts of
this Amendment (including the Ratification of Obligations attached hereto) by the Borrowers, the Guarantors, the Administrative Agent and each of the Lenders; 
     (ii)        a certificate of the authorized officer of each Borrower and each Guarantor, dated as of the date hereof, substantially in the
form of Exhibit B attached hereto; 

    (iii)        a joinder to the Credit Agreement duly
executed and delivered by each Joining Lender, substantially in the form of Exhibit C attached hereto; 

    (iv)        favorable legal opinions addressed to the
Lenders and the Administrative Agent, dated as of the date hereof, in form and substance satisfactory to the Administrative Agent from (i) Buchanan Ingersoll & Rooney PC, counsel to the Company and the Subsidiary Guarantors and
(ii) CMS von Erlach Henrici, counsel to the Kennametal Europe GmbH, as a Foreign Borrower, provided, that the above referenced opinion of CMS von Erlach Henrici may be delivered at a date no more than thirty (30) days after the date
hereof, and no Loans may be advanced or Letters of Credit issued to any Foreign Borrower prior to the delivery of such opinion; 
     (v)        an amended and restated Note executed and delivered by the Borrower for each Lender who has increased its Commitment, if such
Lender requested a Note pursuant to Section 2.32 of the Credit Agreement; and 

    (vi)        a Note executed and delivered by the Borrower
for each Joining Lender, if such Lender requests a Note pursuant to Section 2.32 of the Credit Agreement. 

(b)         No Default. On the date hereof and after giving effect to this Amendment, no
event shall have occurred and be continuing that would constitute a Default or an Event of Default. 

(c)        Payment of Exiting Lenders. All amounts owing to the Exiting Lender(s) in
respect of their Loans shall have been paid in full. 
 (d)        Fees and
Expenses. The Administrative Agent, for the account of the Persons entitled thereto, shall have received payment by the Borrowers of the fees referenced in the fee letter dated as of March 13, 2013 among the Administrative Agent, Merrill
Lynch, Pierce, Fenner & Smith Incorporated and the Borrowers, and all other fees and reasonable expenses that are due and payable on or prior to the date hereof (including, without limitation, legal fees that have been previously invoiced
to the Borrowers); 
 3.        Affirmation of the Borrowers and the Subsidiary
Guarantor. Each of the Borrowers hereby affirms its absolute and unconditional promise to pay to each Lender, each Multicurrency Lender, each Issuing Lender, the Swingline Lender, the Euro Swingline Lender and the Administrative Agent its Loans,
its Multicurrency Loans, its L/C Obligations and all other amounts due from it under the Notes, the Credit Agreement as amended hereby and the other Loan Documents, at the times and in the amounts provided for therein. The Company hereby affirms its
guaranty of the Foreign Obligations in accordance with Section 2.34 of the Credit Agreement. The Subsidiary Guarantor hereby affirms its guaranty of the Obligations (as defined in the Guarantee) in accordance with the provisions of the
Guarantee. Each of the 

  
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Borrowers and the Subsidiary Guarantor confirms and agrees that all references to the term “Credit Agreement” in the other Loan Documents shall hereafter refer to the Credit Agreement
as amended hereby. 
 4.        Representations and Warranties. Each of the
Borrowers hereby represents and warrants to the Administrative Agent and each Lender that: 

  (a)        Representations and Warranties in Credit Agreement. The
representations and warranties of the Group Members contained in the Credit Agreement, as amended hereby, are true and correct on the date hereof (except to the extent of changes resulting from transactions contemplated or permitted by this Credit
Agreement and the other Loan Documents and changes occurring in the ordinary course of business that singly or in the aggregate are not materially adverse, and to the extent that such representations and warranties relate expressly to an earlier
date, which representations were true and correct as of such date); and no Default or Event of Default has occurred and is continuing. 
   (b)        Authority, No Conflicts, Etc. The execution, delivery and performance of this Amendment and all related documents and the consummation
of the transactions contemplated hereby and thereby (i) are within the corporate (or the equivalent company) authority of each Loan Party, (ii) have been duly authorized by all necessary corporate (or the equivalent company) proceedings,
(iii) do not and will not conflict with or result in any breach or contravention of any provision of law, statute, rule or regulation to which any Loan Party is subject or any judgment, order, writ, injunction, license or permit applicable to
any Loan Party and (iv) do not conflict with any provision of the constitutive documents of, or any other agreement or other instrument binding upon, such Loan Party. 
   (c)        Enforceability of Obligations. This Amendment, the Notes, the other Loan Documents, and the Credit Agreement as amended hereby
constitute the legal, valid and binding obligations of each Loan Party party thereto, enforceable against such Loan Party party thereto, in accordance with their respective terms, except as limited by bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium, or other laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in equity or at law), and except to the extent that availability of the remedy of specific
performance or injunctive relief is subject to the discretion of the court before which any proceeding therefore may be brought. 
 5.        No Other Amendments. Except as expressly provided in this Amendment, all of the terms, conditions and provisions of the Credit Agreement and the
other Loan Documents shall remain the same. It is declared and agreed by each of the parties hereto that the Credit Agreement, as amended hereby, shall continue in full force and effect, and that this Amendment and the Credit Agreement shall be read
and construed as one instrument. 
 6.        Execution in Counterparts. This
Amendment may be executed in any number of counterparts and by each party on a separate counterpart, each of which when so executed and delivered shall be an original, but all of which together shall constitute one instrument. In proving this
Amendment, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom enforcement is sought. Delivery of an executed signature page of this Amendment by facsimile or electronic transmission
shall be effective as delivery of a manually executed counterpart thereof. 

7.        Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

  
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 8.        Submission To Jurisdiction;
Waivers. Each Borrower hereby irrevocably and unconditionally: 

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

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

  (c)        agrees that service of process in any such action or proceeding may be
effected (i) by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Borrower at its address set forth in Section 9.2 of the Credit Agreement or at such other address
of which the Administrative Agent shall have been notified pursuant thereto or (ii) through any other manner that complies with the Hague Convention on the Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters;

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

  (e)        waives, to the maximum extent not prohibited by law, any right it may have
to claim or recover in any legal action or proceeding referred to in this Section any special, exemplary, punitive or consequential damages. 
 9.        Headings, etc. Headings or captions used in this Amendment are for convenience of reference only and shall not define or limit the provisions
hereof. 
 [Reminder of page intentionally left blank] 

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

			
	KENNAMETAL INC.
		
	By:	 	/s/ Brian E. Kelly
		 	 Name: BRIAN E. KELLY
 Title:
TREASURER

  

			
	KENNAMETAL EUROPE GMBH
		
	By:	 	/s/ Gérald Goubau
		 	 Name: Gérald Goubau

Title: Managing Director (Chairman)

		
	By:	 	/s/ Patrick S. Watson
		 	 Name: Patrick S. Watson

Title: Managing Director

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	/s/ Anthea Del Bianco
		 	 Name: Anthea Del Bianco

Title: Vice President

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	BANK OF AMERICA, N.A., as Lender, Issuing Lender and Swingline Lender
		
	By:	 	/s/ Kenneth G. Wood
		 	 Name: Kenneth G. Wood

Title: SVP

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	 BANK OF AMERICA N.A., LONDON
 BRANCH, as a Euro Swingline Lender

		
	By:	 	/s/ Joanne Hilliard
		 	 Name: JOANNE HILLIARD

Title: VICE PRESIDENT

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	PNC BANK, NATIONAL ASSOCIATION, as an Issuing Lender and a Lender
		
	By:	 	/s/ David B. Gookin
		 	 Name: David B. Gookin

Title: Executive Vice President

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	JPMORGAN CHASE BANK, N.A., as an Issuing Lender and a Lender
		
	By:	 	/s/ Deborah R. Winkler
		 	 Name: Deborah R. Winkler

Title: Vice President

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	 THE BANK OF TOKYO-MITSUBISHI UFJ,
 LTD., as a Lender

		
	By: 	 	/s/ Ravneet Mumick
		 	Name: Ravneet Mumick
		 	Title: Director

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	 CITIZENS BANK OF PENNSYLVANIA, as a
 Lender

		
	By: 	 	/s/ Curtis C. Hunter III
		 	Name: Curtis C. Hunter III
		 	Title: Senior Vice President

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	MIZUHO CORPORATE BANK, LTD., as a Lender
		
	By: 	 	/s/ Leon Mo
		 	Name: Leon Mo
		 	Title: Authorized Signatory

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	HSBC BANK USA, N.A., as a Lender
		
	By: 	 	/s/ Christopher S Helmeci
		 	Name: Christopher S Helmeci
		 	Title: Sr. Relationship Manager

  
 PUBLIC -
[Signature Page to Amendment No. 2 to Credit Agreement] 

 
			
	 U.S. BANK NATIONAL ASSOCIATION, as a
 Lender

		
	By: 	 	/s/ Mark Irey
		 	Name: Mark Irey
		 	Title: Assistant Vice President

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	 COMMERZBANK AG, NEW YORK BRANCH
 AND GRAND CAYMAN BRANCHES, as a Lender

		
	By: 	 	/s/ Patrick Hartweger
		 	Name: Patrick Hartweger
		 	Title: Managing Director
		
	By:	 	/s/ Matthew Havens
		 	Name: Matthew Havens
		 	Title: Vice President

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	THE HUNTINGTON NATIONAL BANK, as a Lender
		
	By: 	 	/s/ W. Christopher Kohler
		 	Name: W. CHRISTOPHER KOHLER
		 	Title: SENIOR VICE PRESIDENT

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	COMPASS BANK, as a Lender
		
	By: 	 	/s/ Michael Dixon
		 	Name: Michael Dixon
		 	Title: Vice President

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 
			
	FIRST COMMONWEALTH BANK, as a Lender
		
	By: 	 	/s/ Stephen J. Orban
		 	Name: Stephen J. Orban
		 	Title: Senior Vice President

  
 [Signature
Page to Amendment No. 2 to Credit Agreement] 

 RATIFICATION OF OBLIGATIONS 

The undersigned Subsidiary Guarantor hereby (a) acknowledges and consents to the foregoing Amendment and each Borrower’s
execution thereof; (b) ratifies and confirms all of its respective obligations and liabilities under the Loan Documents to which it is a party and ratifies and confirms that such obligations and liabilities extend to and continue in effect with
respect to it, and that it continues to guarantee, the Obligations of the Company under the Credit Agreement; (c) acknowledges and agrees that the Subsidiary Guarantor does not have any claim or cause of action against the Administrative Agent
or any Lender (or any of its respective directors, officers, employees or agents); and (d) acknowledges, affirms and agrees that the Subsidiary Guarantor does not have any defense, claim, cause of action, counterclaim, offset or right of
recoupment of any kind or nature against any of their respective obligations, indebtedness or liabilities to the Administrative Agent or any Lender. 
 Agreed and Acknowledged as of the date first above written: 
 SUBSIDIARY GUARANTOR:

  

			
	KENNAMETAL HOLDINGS EUROPE, INC.
		
	By:	 	/s/ Kevin G. Nowe
	Name:	 	     Kevin G. Nowe
	Title:	 	      Vice President, Secretary and General Counsel

 ANNEX A 
 [Attached.] 

 SCHEDULE 1.1 
 COMMITMENTS 
  

					
	Lender	  	
    
 Commitment
	 
	 Bank of America, N.A.
	  	$	75,000,000.00	  
	 PNC Bank, National Association
	  	 	75,000,000.00	  
	 JPMorgan Chase Bank, N.A.
	  	 	75,000,000.00	  
	 The Bank of Tokyo-Mitsubishi UFJ, LTD.
	  	 	65,000,000.00	  
	 Citizens Bank of Pennsylvania
	  	 	65,000,000.00	  
	 Mizuho Corporate Bank, Ltd.
	  	 	60,000,000.00	  
	 HSBC Bank USA, N.A.
	  	 	45,000,000.00	  
	 U.S. Bank National Association
	  	 	45,000,000.00	  
	 Commerzbank AG, New York Branch and Grand Cayman Branches
	  	 	25,000,000.00	  
	 The Huntington National Bank
	  	 	25,000,000.00	  
	 Compass Bank
	  	 	25,000,000.00	  
	 First Commonwealth Bank
	  	 	20,000,000.00	  
	 	  	  
	  
	 
	    	  	 	 
	 TOTAL
	  	$	600,000,000.00	  
	 	  	  
	  
	 

 MULTICURRENCY SUBCOMMITMENT 

 

					
	Lender	  	
Multicurrency

Commitment
	 
	 Bank of America, N.A.
	  	$	37,500,000.00	  
	 PNC Bank, National Association
	  	 	37,500,000.00	  
	 JPMorgan Chase Bank, N.A.
	  	 	37,500,000.00	  
	 The Bank of Tokyo-Mitsubishi UFJ, LTD.
	  	 	32,500,000.00	  
	 Citizens Bank of Pennsylvania
	  	 	32,500,000.00	  
	 Mizuho Corporate Bank, Ltd.
	  	 	30,000,000.00	  
	 HSBC Bank USA, N.A.
	  	 	22,500,000.00	  
	 U.S. Bank National Association
	  	 	22,500,000.00	  
	 Commerzbank AG, New York Branch and Grand Cayman Branches
	  	 	12,500,000.00	  
	 The Huntington National Bank
	  	 	12,500,000.00	  
	 Compass Bank
	  	 	12,500,000.00	  
	 First Commonwealth Bank
	  	 	10,000,000.00	  
	 	  	  
	  
	 
	    	  	 	 
	 TOTAL
	  	$	300,000,000.00	  
	 	  	  
	  
	 

 EXHIBIT B 
 FORM OF SECOND AMENDMENT CLOSING CERTIFICATE 
 Pursuant to Section 2(a)(ii)
of Amendment No. 2 dated as of April __, 2013 (the “Amendment”) to the Third Amended and Restated Credit Agreement, dated as of June 25, 2010 (as amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”; capitalized terms used herein and not defined herein are used herein as defined therein), among Kennametal Inc., a Pennsylvania corporation (the “Company”) and the other Borrowers party thereto,
the several Lenders from time to time parties thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania and Bank of
Tokyo-Mitsubishi UFJ Trust Company as co-documentation agents, Bank of America, N.A., as the administrative agent (in such capacity, the “Administrative Agent”) and the other parties thereto, the undersigned [INSERT TITLE OF
OFFICER] of [INSERT NAME OF LOAN PARTY] [the Company] (the “Certifying Loan Party”) hereby certifies as follows: 

1.          The representations and warranties of the Certifying Loan Party set forth in each of the
Loan Documents to which it is a party or which are contained in any certificate furnished by or on behalf of the Certifying Loan Party pursuant to any of the Loan Documents to which it is a party are true and correct in all material respects on and
as of the date hereof with the same effect as if made on the date hereof, except for representations and warranties expressly stated to relate to a specific earlier date, in which case such representations and warranties were true and correct in all
material respects as of such earlier date. 
 2.          _______________ is the duly elected
and qualified [Secretary] [Assistant Secretary] of the Certifying Loan Party and the signature set forth for such officer below is such officer’s true and genuine signature. 
 3.          No Default or Event of Default has occurred and is continuing as of the date hereof or after giving effect to the Loans to be made on the date
hereof and the use of proceeds thereof. 
 4.          The conditions precedent set forth in
Section 2 of the Amendment were satisfied as of the date of the Amendment. 
 The undersigned [Secretary] [Assistant
Secretary] of the Certifying Loan Party certifies as follows: 
 5.          There are no
liquidation or dissolution proceedings pending or to my knowledge threatened against the Certifying Loan Party, nor has any other event occurred materially adversely affecting or threatening the continued corporate existence of the Certifying Loan
Party. 
 6.          The Certifying Loan Party is a corporation duly incorporated, validly
existing and in good standing under the laws of the jurisdiction of its organization. 

7.          Attached hereto as Annex 1 is a true and complete copy of resolutions duly adopted
by the [Board of Directors] [members] of the [General Partner of the] Certifying Loan Party on _______________ and _______________; such resolutions have not in any way been amended, modified, revoked or rescinded, have been in full force and effect
since their adoption to and including the date hereof and are now in full force and effect and are the only corporate 

 
proceedings of the Certifying Loan Party now in force relating to or affecting the matters referred to therein. 
 8.          [PICK ONE][The By-Laws or equivalent organizational document of the Certifying Loan Party have not been amended, revoked, supplemented
or otherwise modified, since the date on which such By-Laws were delivered to the Administrative Agent on or about June 25, 2010, and such By-Laws are in full force and effect as of the date hereof.][Attached hereto as Annex 2 is a true
and complete copy of the By-Laws or equivalent organizational document of the Certifying Loan Party as in effect on the date hereof.] 

9.          [PICK ONE][The Certificate of Incorporation or equivalent document of the Certifying
Loan Party, as certified by the appropriate Governmental Authority, has not been amended, revoked, supplemented or otherwise modified, since the date on which such Certificate of Incorporation was delivered to the Administrative Agent on or about
June 25, 2010, and such Certificate of Incorporation is in full force and effect as of the date hereof.][Attached hereto as Annex 3 is a true and complete copy of the Certificate of Incorporation or equivalent organizational document of
the Certifying Loan Party as in effect on the date hereof and as certified by the appropriate Governmental Authority.] 

10.          Attached hereto as Annex 4 is a true and complete copy of the good standing
certificate or equivalent documentation from the appropriate Governmental Authority. 
 [Remainder of this page intentionally
left blank] 

 [TO BE USED IF NEW SIGNATORY TO DOCUMENTS][11. The following persons are now duly elected and
qualified officers of the Certifying Loan Party holding the offices indicated next to their respective names below, and the signatures appearing opposite their respective names below are the true and genuine signatures of such officers, and each of
such officers is duly authorized to execute and deliver on behalf of the Certifying Loan Party each of the Loan Documents to which it is a party and any certificate or other document to be delivered by the Certifying Loan Party pursuant to the Loan
Documents to which it is a party: 
  

					
	 Name
	  	 Office
	  	 Signature

			
	  
	  	  	  	  

			
	  
	  	                       
                                         
 	  	
                  
                                         
             ]

 [Signatures follow] 

 IN WITNESS WHEREOF, the undersigned have hereunto set our names as of the date set forth
below. 
  

											
						
	 	  	 	 		 	 	  	 	  	
	Name:	  	 	 		 	Name:	  	 	  	
	Title:	  	 	 		 	Title:	  	 	  	

 Date: April [__], 2013 

 EXHIBIT C 
 FORM OF JOINDER AGREEMENT AND AFFIRMATION 
 This Joinder Agreement and Affirmation
(this “Joinder Agreement”) is executed and delivered as of April [    ], 2012, by [                ] (the “Joining
Lender”). The Joining Lender has requested to become a lender under a certain Third Amended and Restated Credit Agreement dated as of June 25, 2010 by and among the Borrower, the Lenders and the Administrative Agent (as amended and in
effect from time to time, the “Credit Agreement”). Capitalized terms used by not otherwise defined herein shall have the same meaninings ascribed to them in the Credit Agreement. 

1.          Joinder to Credit Agreement. The Joining Lender, by executing and
delivering this Joinder Agreement, does hereby join and become a party to the Credit Agreement as a Lender, assuming all of the obligations and liabilities of a Lender thereunder with a Commitment as described in Schedule 1.1 to the Credit
Agreement. The Joining Lender hereby agrees to comply with, and be bound by, all of the terms and conditions of the Credit Agreement in all respects as a party thereto, as if the Joining Lender were a signatory thereto as a “Lender”. The
parties hereto agree that from and after the effectiveness of the Joinder Agreement, the term “Lender” as used in the Credit Agreement shall mean individually the Joining Lender and each other Lender, and collectively, both the Joining
Lender and the other Lenders. 
 2.          Effectiveness. This
Joinder Agreement shall become effective upon the execution and delivery of this Joinder Agreement by the Joining Lender, the Administrative Agent and the Borrowers, and the effectiveness of that certain Amendment No. 2 to the Credit Agreement.

 3.          Governing Law. THIS JOINDER AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES UNDER THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 4.          Miscellaneous. The undersigned agrees that this Joinder Agreement shall be deemed to be, and is hereby made a part of the Credit
Agreement as if set forth therein in full. This Joinder Agreement may be executed in any number of counterparts and by each party on a separate counterpart, each of which when so executed and delivered shall be an original, but all of which together
shall constitute one instrument. In proving this Joinder Agreement, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom enforcement is sought. Delivery of an executed signature page of
this Joinder Agreement by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart thereof. Headings or captions used in this Joinder Agreement are for convenience of reference only and shall not define
or limit the provisions hereof. 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the undersigned has caused this Joinder Agreement to be duly executed as
of the date first written above. 
  

			
	[                           
     ]
		
	By:	 	 
		 	 Name:

Title:

 AGREED TO AND ACCEPTED: 
  

			
	KENNAMETAL INC., as a Borrower
		
	By:	 	 
		 	 Name:

Title:

  

			
	KENNAMETAL EUROPE GMBH, as a Borrower
		
	By:	 	 
		 	 Name:

Title:

		
	By:	 	 
		 	 Name:

Title:

			
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	 
		 	 Name:

Title:

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