Exhibit 10O
EXECUTION COPY
SECOND AMENDMENT dated as of August 21, 2003 (this " Second Amendment ") to the Five-Year
Credit Agreement dated as of November 20, 2001 (as amended through the date hereof, the " Credit Agreement
") among CARPENTER TECHNOLOGY CORPORATION, a Delaware corporation (" Carpenter "),
CARPENTER TECHNOLOGY (UK) LIMITED, a company organized and existing under the laws of England
and Wales (" Carpenter UK "), CERTECH INTERNATIONAL LIMITED, a company organized and existing
under the laws of England and Wales (" Certech "), CARPENTER POWDER PRODUCTS AB, a company
organized and existing under the laws of Sweden (" Carpenter Powder "), and CARPENTER TECHNOLOGY
(EUROPE) S.A., a company organized and existing under the laws of Belgium (" Carpenter Belgium "), the
banks and other financial institutions from time to time party hereto, and WACHOVIA BANK, NATIONAL
ASSOCIATION (successor to First Union National Bank), as Administrative Agent, Issuing Lender and
Swingline Lender.
The Borrowers and the Guarantor have requested the Lenders, the Swingline Lender and the Issuing
Lender to make certain changes to the Credit Agreement. The parties hereto have agreed, subject to the terms
and conditions hereof, to amend the Credit Agreement as provided herein.
Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in
the Credit Agreement (the Credit Agreement, as amended by, and together with, this Second Amendment, and
as hereinafter amended, modified, extended or restated from time to time, being called the " Amended
Agreement ").
Accordingly, the parties hereby agree as follows:
SECTION 1. Amendment to Article II of the Credit Agreement . Article II of the Credit
Agreement is amended by adding the following section thereto:
" 2.17 Increase in Commitments .
(a) Provided there exists no Default, upon not less than 15 Busi