0000950134-09-003726 Sample Contracts

AMENDMENT TO THE DURIRON COMPANY, INC. FIRST MASTER BENEFIT TRUST AND THE DURIRON COMPANY, INC. SECOND MASTER BENEFIT TRUST
Flowserve Corp • February 25th, 2009 • Pumps & pumping equipment

This AMENDMENT to the DURIRON COMPANY, INC. FIRST MASTER BENEFIT TRUST (the “First Trust”) and the DURIRON COMPANY, INC. SECOND MASTER BENEFIT TRUST (the “Second Trust” and, with the First Trust, the “Trusts”), is made and entered into this 22nd day of December, 2008 (the “Effective Date”), by and between Flowserve Corporation (“Flowserve”), a New York Corporation, and JPMorgan Chase Bank, N.A., in its capacity as Trustee hereunder (the “Trustee”).

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Amendment Number One to the Mark Blinn Employment Agreement
Blinn Employment Agreement • February 25th, 2009 • Flowserve Corp • Pumps & pumping equipment

This Amendment Number One to the Mark Blinn Employment Agreement (the “Amendment”) is made and entered into by and between Flowserve Corporation, a New York corporation (the “Company”) and Mark Blinn (“Executive”) as of November 19, 2008 for purposes of amending that certain employment agreement by and between the Company and Executive dated May 7, 2007 (the “Employment Agreement”). Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Employment Agreement.

Mr. Lewis Kling President and Chief Executive Officer Flowserve Corporation Dear Lew:
Flowserve Corp • February 25th, 2009 • Pumps & pumping equipment

On May 29, 2007, you entered into a letter agreement with Flowserve Corporation (the “Original Letter”) regarding the details of your continued employment with Flowserve Corporation (“Flowserve”). The sole purpose of this side letter to the Original Letter (this “Side Letter”) is to set forth the mutually agreed upon amendments to the Original Letter to bring the provisions of the Original Letter into compliance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). The terms of the Original Letter shall remain in full force and effect, except to the extent revised by this Side Letter.

Amendment Number Two to the Mark Blinn Employment Agreement
Blinn Employment Agreement • February 25th, 2009 • Flowserve Corp • Pumps & pumping equipment

This Amendment Number Two to the Mark Blinn Employment Agreement (the “Amendment”) is made and entered into by and between Flowserve Corporation, a New York corporation (the “Company”) and Mark Blinn (“Executive”) as of February 23, 2009, for purposes of amending that certain employment agreement by and between the Company and Executive dated May 7, 2007, as amended by Amendment Number One dated November 19, 2008 (the “Employment Agreement”). Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Employment Agreement.

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