Amendment No. 9 to Amended and Restated Credit Agreement among Ladish Co., Inc., U.S. Bank National Association, and Lenders

Exhibit 10 (k)

        THIS AMENDMENT NO. 9 TO AMENDED AND RESTATED CREDIT AGREEMENT, dated as of April 25, 2007, amends and supplements the Amended and Restated Credit Agreement dated as of April 14, 2000, as amended to date (as so amended, the “Credit Agreement”), among Ladish Co., Inc., a Wisconsin corporation (the “Company”), the financial institutions party thereto (the “Lenders”) and U.S. Bank National Association (formerly Firstar Bank, National Association), as agent for the Lenders (in such capacity, the “Agent”).

        The Company, the Lenders and the Agent desire to amend the Credit Agreement as provided below.

        In consideration of the promises and agreements contained in the Credit Agreement, as amended hereby, the Company, the Lenders and the Agent agree as follows:

        1.    Definitions and References. Capitalized terms not defined herein have the meanings assigned in the Credit Agreement. Upon the satisfaction of the conditions set forth in section 3 below, all references to the Credit Agreement contained in the Loan Documents mean the Credit Agreement as amended by this Amendment No. 9 to Amended and Restated Credit Agreement (“Amendment No. 9”). This Amendment No. 9 is a Loan Document.

        2.    Amendment to Credit Agreement. The defined term “Revolving Note Maturity Date” in section 1 of the Credit Agreement is amended by deleting the date “April 27, 2007” therein and inserting “April 25, 2008” in its place.

        3.    Closing Conditions. This Amendment No. 9 shall be come effective upon its execution and delivery by the parties hereto and receipt by the Agent of:

            (a)    Secretary’s Certificate. A certificate of the Secretary of the Company to the effect that there have been no amendments to the Articles of Incorporation or By-Laws of the Company or to the resolutions of the Board of Directors of the Company related to the financing under the Agreement since the most recent date on which copies thereof were furnished to the Agent; and

            (b)    Other Documents. Such other documents relating to the transactions contemplated by this Amendment No. 9 as the Agent shall reasonably request.

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        4.    Representations and Warranties. The Company represents and warrants that:

            (a)    Corporate Power, Authority, Etc. The execution and delivery by the Company of this Amendment No. 9 and the performance by the Company under the Credit Agreement, as amended hereby, (i) are within its corporate power, (ii) have been duly authorized by all necessary corporate action on the part of the Company, (iii) do not violate any provision of the Articles of Incorporation or By-Laws of the Company, (iv) do not violate any provision of or constitute a default under any existing law, rule or regulation of any governmental authority or agency, any order or decision of any court binding upon the Company or the terms of any agreement, restriction or undertaking to which the Company is a party or by which it is bound or (v) require the approval or consent of the shareholders of the Company, any governmental body or authority or any other person or entity other than those which have been obtained and are in full force and effect; and

            (b)    Representations and Warranties in Loan Documents. The representation and warranties contained in the Loan Documents are true and correct in all material respects as of the date hereof and no Default or Event of Default exists as of the date hereof.

        5.    Costs and Expenses. The Company agrees to pay, on demand, all costs and expenses (including reasonable attorneys’ fees and disbursements) paid or incurred by the Agent in connection with the negotiation, execution and delivery of this Amendment No. 9.

        6.    Governing Law. This Amendment No. 9 shall be governed by the laws of the State of Wisconsin.

        7.    Full Force and Effect. The Credit Agreement, as amended by this Amendment No. 9 remains in full force and effect.

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