ECOLAB INC
EX-10
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<TYPE>EX-10
<SEQUENCE>3
<FILENAME>j1934_ex10.htm
<DESCRIPTION>EX-10
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<title>Prepared by MERRILL CORPORATION</title>



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<p style="font-size:10.0pt;font-weight:bold;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt">Amendment No. 1</font></font></b></p>



<p style="font-size:10.0pt;font-weight:bold;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt">To the Master Agreement</font></font></b></p>



<h3 style="font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Dated December 7, 2000</font></font></b></h3>



<h3 style="font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Between</font></font></b></h3>



<p align="center" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;

font-weight:bold">Ecolab Inc.</font></font></b></p>



<p align="center" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;

font-weight:bold">and</font></font></b></p>



<h3 style="font-size:10.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Henkel KGaA</font></font></b></h3>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Section 6.1 is

amended as follows:</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:10.0pt;margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">The date &quot;January 2, 2002&quot; is replaced by

the date &quot;November 30, 2001&quot;.&#160;

The hour of the Closing &quot;at 11:00 a.m., local time&quot; is

replaced by &quot;effective as of 23:59 hours&quot;.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Section 8.11 is

amended to read in its entirety as follows:</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:10.0pt;margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">&quot;The parties shall cause the JV Entities prior to

the Closing Date to declare a dividend consistent with past practice with

respect to the earnings of the JV Entities (taken as a whole) for the fiscal

year ending November 30, 2001 less the amount of USD 4 million.&quot;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; All other terms, conditions and provisions of the Master

Agreement shall remain in full force and effect and are not amended hereby.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">D&#252;sseldorf / St. Paul, September 12, 2001</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:

10.0pt">&nbsp;</font></font></p>



<table width="100%" style="width:100.0%;

 border-collapse:collapse;">

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  <td width="24%" valign="top" style="width:24.9%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">Henkel KGaA</font></font></p>

  </td>

  <td width="20%" valign="top" style="width:20.22%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="7%" valign="top" style="width:7.1%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="47%" valign="top" style="width:47.78%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">Ecolab Inc.</font></font></p>

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  <td width="24%" valign="top" style="width:24.9%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

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  <td width="20%" valign="top" style="width:20.22%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="7%" valign="top" style="width:7.1%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="47%" valign="top" style="width:47.78%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

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  <td width="24%" valign="top" style="width:24.9%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="20%" valign="top" style="width:20.22%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="7%" valign="top" style="width:7.1%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="47%" valign="top" style="width:47.78%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">By:</font></font></p>

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  <td width="24%" valign="top" style="width:24.9%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="20%" valign="top" style="width:20.22%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="7%" valign="top" style="width:7.1%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="47%" valign="top" style="width:47.78%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

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  <td width="24%" valign="top" style="width:24.9%;border:none;border-bottom:solid windowtext .5pt;

  padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">/s/ Steinebach</font></font></p>

  </td>

  <td width="20%" valign="top" style="width:20.22%;border:none;border-bottom:

  solid windowtext .5pt;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">/s/ K&#252;hn</font></font></p>

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  <td width="7%" valign="top" style="width:7.1%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="47%" valign="top" style="width:47.78%;border:none;border-bottom:

  solid windowtext .5pt;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">/s/ Lawrence T. Bell</font></font></p>

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  <td width="24%" valign="top" style="width:24.9%;border:none;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">Dr. Steinebach</font></font></p>

  </td>

  <td width="20%" valign="top" style="width:20.22%;border:none;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">K&#252;hn</font></font></p>

  </td>

  <td width="7%" valign="top" style="width:7.1%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;">&nbsp;</p>

  </td>

  <td width="47%" valign="top" style="width:47.78%;border:none;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt">Lawrence T. Bell</font></font></p>

  </td>

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</table>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font size="3" face="Times New Roman"><font style="font-size:

12.0pt">&nbsp;</font></font></p>



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