0001193125-11-282199 Sample Contracts

AMENDMENT NO. 1 Dated as of August 15, 2011 to PLEDGE AGREEMENT Dated as of July 12, 2007
Pledge Agreement • October 26th, 2011 • Graco Inc • Pumps & pumping equipment • Minnesota

THIS AMENDMENT NO. 1 (“Amendment”) is entered into as of August 15, 2011 by and between GRACO INC., a corporation organized under the laws of the State of Minnesota (the “Pledgor”) and U.S. BANK NATIONAL ASSOCIATION, as Agent (in such capacity, and together with any successors in such capacity, the “Secured Party”) for the banks (the “Banks”) from time to time party to the Credit Agreement defined below.

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AMENDMENT NO. 1 Dated as of August 15, 2011 to PLEDGE AGREEMENT Dated as of May 23, 2011
Pledge Agreement • October 26th, 2011 • Graco Inc • Pumps & pumping equipment • Minnesota

THIS AMENDMENT NO. 1 (“Amendment”) is entered into as of August 15, 2011 by and between GRACO INC., a corporation organized under the laws of the State of Minnesota (the “Pledgor”) and U.S. BANK NATIONAL ASSOCIATION, as Collateral Agent (in such capacity, and together with any successors in such capacity, the “Secured Party”) for the banks (the “Banks”) from time to time party to the Credit Agreement defined below and the noteholders (the “Noteholders” and collectively with the Banks, the “Creditors”) from time to time holding notes issued under the Note Purchase Agreements defined below.

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