FIRST AMENDMENT TO FIVE-YEAR CREDIT AGREEMENT

FIRST AMENDMENT TO FIVE-YEAR CREDIT AGREEMENT

THIS AMENDMENT (herein so called) is entered into as of November 19, 2004, among FMC TECHNOLOGIES, INC., a Delaware corporation (“Parent Borrower”), the Lenders (herein so called) party to the Credit Agreement (hereinafter defined) and BANK OF AMERICA, N.A., as Administrative Agent (as defined in the Credit Agreement) for the Lenders.

Parent Borrower, the Lenders and the Administrative Agent are party to the Five-Year Credit Agreement dated as of April 8, 2004 (the “Credit Agreement”), and have agreed, upon the following terms and conditions, to amend the Credit Agreement in certain respects. Accordingly, for valuable and acknowledged consideration, Parent Borrower, the Lenders and the Administrative Agent agree as follows:

1. Terms and References. Unless otherwise stated in this Amendment, (a) terms defined in the Credit Agreement have the same meanings when used in this Amendment, and (b) references to “Sections”, “Articles” and “Exhibits” are to the Credit Agreement’s sections, articles and exhibits.

2. Amendment. Section 7.06(c) of the Credit Agreement is amended in its entirety to read as follows:

“(c) the Parent Borrower may declare and make Restricted Payments during any twelve consecutive month period in an aggregate amount not to exceed the greater of (i) 50% of its Consolidated Net Income in respect of such period or (ii) $100,000,000; provided that no Default or Event of Default exists at the time of the declaration thereof or would result therefrom.”

3. Conditions Precedent to Effectiveness. This Amendment shall not be effective until the Administrative Agent receives (a) counterparts of this Amendment executed by Parent Borrower, the Required Lenders and the Administrative Agent, and (b) such other documents, instruments and certificates as the Administrative Agent may reasonably request.

4. Representations. Parent Borrower represents and warrants to the Lenders that as of the date of this Amendment, (a) the representations and warranties contained in Article V are true and correct in all material respects except to the extent that such representations and warranties refer to an earlier date, in which case they were true and correct in all material respects as of such earlier date, (b) no Default or Event of Default has occurred and is continuing and (c) the resolutions attached as Exhibit C to that certain Certificate of Assistant Secretary of Parent Borrower dated April 8, 2004, heretofore delivered to the Administrative Agent, have not been modified, amended or rescinded and remain in full force and effect.

5. Effect of Amendment. This Amendment is a Loan Document. Except as expressly modified and amended by this Amendment, all of the terms, provisions and conditions of the Loan Documents shall remain unchanged and in full force and effect. The Loan Documents and any and all other documents heretofore, now or hereafter executed and delivered pursuant to the terms of the Credit Agreement are hereby amended so that any reference to the Credit Agreement shall mean a reference to the Credit Agreement as amended hereby.

6. Counterparts. This Amendment may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute one and the same instrument.

7. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of Illinois.

[REMAINDER OF PAGE INTENTIONALLY BLANK.
SIGNATURE PAGES FOLLOW.]

EXECUTED as of the date first stated above.

FMC TECHNOLOGIES, INC.

Title: Director, Treasury Operations

1

EXECUTED as of the date first stated above.

BANK OF AMERICA, N.A., as Administrative Agent

2

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

3

4

5

as a Lender

6

ASSOCIATION, as a Lender

7

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

By:

Name:
Title:

8

EXECUTED as of the date first stated above.

DANSKE BANK A/S, as a Lender

9

By:

Name:
Title:

10

EXECUTED as of the date first stated above.

THE NORTHERN TRUST COMPANY, as a Lender

11

WESTLB AG, NEW YORK BRANCH, as a Lender

12

13

BOERENLEENBANK B.A., “RABOBANK
NEDERLAND” NEW YORK BRANCH, as a Lender

14

15

16

as a Lender

By:

Name:
Title:

17

EXECUTED as of the date first stated above.

U.S. BANK NATIONAL ASSOCIATION,
as a Lender

18