Exhibit 10.1

FIRST AMENDMENT TO CREDIT AGREEMENT

THIS FIRST AMENDMENT TO CREDIT AGREEMENT (the "Amendment") is made as of July 9,
2012, by and among L.B. FOSTER COMPANY, a Pennsylvania corporation (the
"Company"), CXT INCORPORATED, a Delaware corporation ("CXT"), SALIENT SYSTEMS,
INC., an Ohio corporation ("Salient Systems"), L.B. FOSTER RAIL TECHNOLOGIES,
INC.,  a West Virginia corporation formerly known as Portec Rail Products, Inc.
("Portec Rail"), PORTEC RAIL PRODUCTS LTD.,  a corporation incorporated under
the laws of Canada ("Portec Ltd.") and KELSAN TECHNOLOGIES CORP.,  a corporation
amalgamated under the laws of Canada ("Kelsan" and together with the Company,
CXT, Salient Systems, Portec Rail and Portec Ltd., collectively referred to
herein as the "Borrowers"), THE LENDERS PARTY HERETO, and PNC BANK, NATIONAL
ASSOCIATION, in its capacity as administrative agent for the Lenders under the
Credit Agreement defined below (hereinafter referred to in such capacity as the
"Administrative Agent").

W I T N E S S E T H:

WHEREAS, reference is made to that certain Credit Agreement dated as of May 2,
2011 (the "Credit Agreement"), by and among the Borrowers, the Guarantors from
time to time party thereto (the "Guarantors"), the Lenders from time to time
parties thereto (the "Lenders"), and the Administrative Agent;  

WHEREAS, the Borrowers have requested that the Lenders amend a covenant which
relates to dispositions permitted by the Loan Parties, and the Lenders are
agreeable to such amendment upon the terms set forth herein.

NOW, THEREFORE, the parties hereto, in consideration of their mutual covenants
and agreements hereinafter set forth and intending to be legally bound hereby,
covenant and agree as follows:

Section 8.2.7 of the Agreement is hereby amended and restated as follows:

“8.2.7Dispositions of Assets or Subsidiaries.

 Each of the Loan Parties shall not, and shall not permit any of its
Subsidiaries to, sell, convey, assign, lease, abandon or otherwise transfer or
dispose of, voluntarily or involuntarily, any of its properties or assets,
tangible or intangible (including sale, assignment, discount or other
disposition of accounts, contract rights, chattel paper, equipment or general
intangibles with or without recourse or of capital stock, shares of beneficial
interest, partnership interests or limited liability company interests of a
Subsidiary of such Loan Party), except: 

 

transactions involving the sale or lease of inventory in the ordinary course of
business;

 

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any sale, transfer or lease of assets in the ordinary course of business which
are no longer necessary or required or useful in the conduct of such Loan
Party's or such Subsidiary's business;

any sale, transfer or lease of assets by any wholly owned Subsidiary of such
Loan Party to another Loan Party;

any sale, transfer, lease or other disposition of ownership interest or assets
not in excess of $25,000,000 in any fiscal year of the Company; or

any sale, transfer or lease of assets, other than those specifically excepted
pursuant to clauses (i) through (iv) above, which is approved by the Required
Lenders.”

 

            Representations.  Each Borrower hereby represents and warrants that
it has the corporate power and has been duly authorized by all requisite
corporate action to execute and deliver this Amendment and to perform its
obligations hereunder.  Each Borrower hereby represents and warrants that no
Event of Default or Potential Default exists under the Agreement or shall result
from the execution and delivery of this Amendment.

Force and Effect.  Each Lender and each Borrower reconfirms and ratifies the
Agreement and all other Loan Documents executed in connection therewith except
to the extent any such documents are expressly modified by this Amendment, and
each Borrower confirms that all such documents have remained in full force and
effect since the date of their execution.

Governing Law.  This Amendment shall be deemed to be a contract under the laws
of the Commonwealth of Pennsylvania and for all purposes shall be governed by
and construed and enforced in accordance with the internal laws of the
Commonwealth of Pennsylvania without regard to its conflict of laws principles.

Counterparts.  This Amendment may be signed by telecopy or original in any
number of counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

Effective Date.  This Amendment shall be effective upon the execution and
delivery to the Administrative Agent of this Amendment by the Loan Parties and
the Required Lenders.

 

[SIGNATURE PAGES FOLLOW]

 

 

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[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

 

IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly
authorized, have executed this Agreement as of the day and year first above
written.

 

BORROWERS:

 

                                                                        L.B.
Foster Company 

 

 

By: /s/ David J. Russo

Name: David J. Russo

Title: Sr VP, CFO, CAO and Treasurer

 

CXT Incorporated

 

 

By: /s/ David J. Russo

Name: David J. Russo

Title: Sr VP, CFO and Treasurer

 

Salient Systems, Inc.

 

 

By: /s/ David J. Russo

Name: David J. Russo

Title: Sr VP, CFO and Treasurer

 

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[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

 

 

 

L.B. FOSTER RAIL TECHNOLOGIES, INC.

 

 

By: /s/ David J. Russo

Name: David J. Russo

Title: Sr VP, CFO and Treasurer

 

 

 

PORTEC RAIL PRODUCTS LTD.

 

 

By: /s/ David J. Russo

Name: David J. Russo

Title: Sr VP, CFO and Treasurer

 

 

 

KELSAN TECHNOLOGIES CORP.

 

By: /s/ David J. Russo

Name: David J. Russo

Title: Sr VP, CFO and Treasurer

 

 

 

 

 

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[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

 

 

 

PNC BANK, NATIONAL ASSOCIATION, individually and as Administrative Agent 

By: /s/ Brett R. Schweikle

Name: Brett R. Schweikle

Title: Senior Vice President

 

 

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[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

 

 

 

BANK OF AMERICA, N.A.

By: /s/ Andrew Richards

Name: Andrew Richards

Title: SVP

 

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[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

By: /s/ J. Barrett Donovan

Name: J. Barrett Donovan

Title: Senior Vice President

 

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[SIGNATURE PAGE TO FIRST AMENDMENT TO CREDIT AGREEMENT]

 

 

 

CITIZENS BANK OF PENNSYLVANIA

By: /s/ A. Paul Dawley

Name: A. Paul Dawley

Title: Vice President

 

 

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