Exhibit 10.1

EXECUTION COPY

AMENDMENT NO. 4

This AMENDMENT NO. 4 (this “Amendment”) to the Third Amended and Restated Credit
Agreement, dated as of July 29, 2010 (as amended by Amendment No. 1, dated as of
February 29, 2012, Amendment No. 2, dated as of August 9, 2012, and Amendment
No. 3, dated as of August 17, 2012, the “Original Credit Agreement”), and the
Original Credit Agreement is amended hereby and further amended, supplemented,
amended and restated or otherwise modified from time to time, the “Credit
Agreement”), by and among H&E EQUIPMENT SERVICES, INC., a Delaware corporation
(“H&E Delaware”), GREAT NORTHERN EQUIPMENT, INC., a Montana corporation (“Great
Northern”), H&E EQUIPMENT SERVICES (CALIFORNIA), LLC, a Delaware limited
liability company (“H&E California” and, together with H&E Delaware and Great
Northern, each, a “Borrower” and, collectively, the “Borrowers”), the other
Credit Parties named therein, the Lenders named therein, GENERAL ELECTRIC
CAPITAL CORPORATION, a Delaware corporation, as Agent, BANK OF AMERICA, N.A., as
Co-Syndication Agent and Documentation Agent, and WELLS FARGO CAPITAL FINANCE,
LLC, as Co-Syndication Agent, is entered into as of January 29, 2013 by and
among the Borrowers, the Lenders signatory hereto and the Agent. Unless
otherwise provided, all capitalized terms used herein shall have the meanings
ascribed thereto in the Credit Agreement.

R E C I T A L S:

WHEREAS, the Borrowers have requested that the Lenders amend the Credit
Agreement in the manner set forth below; and

WHEREAS, the Lenders signatory hereto (which constitute the Requisite Lenders
under the Credit Agreement) are willing to agree to such request, but only on
the terms and conditions set forth in this Amendment.

NOW, THEREFORE, in consideration of the premises and the agreements, provisions
and covenants herein contained, and subject to the terms and conditions hereof,
the Borrowers, the Lenders whose signatures appear below and the Agent agree as
follows:

Section 1.

AMENDMENTS

Subject to the satisfaction of the conditions to effectiveness referred to in
Section 2 hereof, the Original Credit Agreement is hereby amended as follows:

(a) Annex A of the Original Credit Agreement is amended by adding the following
new definitions in their proper alphabetical places:

“‘Additional Notes Issuance’ means the issuance on one occasion on or prior to
the date that is ninety (90) days after the Amendment No. 4 Effective Date by
H&E Delaware (and those Credit Parties that are obligors in accordance with this
Agreement in respect of the Permitted Senior Unsecured Notes) of Additional
Senior Unsecured Notes; provided that each of the following conditions are
satisfied:

(a) the aggregate principal amount of the Indebtedness incurred in connection
with such Additional Notes Issuance shall be no greater than the applicable
Permitted Notes Amount for Additional Senior Unsecured Notes;

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(b) such Indebtedness shall be substantially on the terms described in the
Description of Additional Notes, and in any event shall provide for (i) no
amortization prior to the date six months following the Commitment Termination
Date and (ii) a final scheduled maturity date that is not prior to the date six
months following the Commitment Termination Date;

(c) the Indebtedness incurred in connection with such issuance shall be
unsecured; and

(d) the Additional Senior Unsecured Notes and the Indebtedness thereunder
incurred (i) do not contravene any provision of such Credit Party’s certificate
of formation, operating agreement, charter or bylaws, as applicable; (ii) do not
violate any law or regulation, or any order or decree of any court or
Governmental Authority where such violations individually or in the aggregate
could reasonably be expected to have a Material Adverse Effect; (iii) do not
conflict with or result in the breach or termination of, constitute a default
under or accelerate or permit the acceleration of any performance required by,
any indenture, mortgage, deed of trust, lease, agreement or other instrument to
which such Credit Party is a party or by which such Credit Party or any of its
property is bound that alone or in the aggregate could reasonably be expected to
have a Material Adverse Effect; (iv) do not result in the creation or imposition
of any Lien upon any of the property of such Credit Party; and (v) do not
require the consent or approval of any Governmental Authority or any other
Person (other than the Requisite Lenders), except any such consent or approval
as has been obtained or where failure to obtain such consent or approval would
not reasonably be expected to have a Material Adverse Effect, and the Agent
shall have received a certificate (in form and substance reasonably satisfactory
to the Agent) of an Authorized Officer to such effect.”

“‘Additional Senior Unsecured Notes’ means senior unsecured notes substantially
on the terms of the Description of Additional Notes in the aggregate original
principal amount not exceeding the Permitted Notes Amount, issued by H&E
Delaware pursuant to the Additional Notes Issuance, together with any
amendments, modifications or supplements thereto made or issued in accordance
with the terms of the Permitted Refinancing Senior Unsecured Note Indenture and
this Agreement.”

“‘Amendment No. 4’ means Amendment No. 4, dated as of January 29, 2013, among
the Borrowers, the Lenders signatory thereto and the Agent.”

“‘Amendment No. 4 Effective Date’ means the Effective Date, as such term is
defined in Amendment No. 4.”

“‘Description of Additional Notes’ means the description of the Additional
Senior Unsecured Notes in the form attached hereto as Exhibit F.”

“‘Existing Senior Unsecured Notes’ has the meaning assigned to it in the
definition of “Permitted Refinancing Senior Unsecured Notes”.”

 

  (b) Annex A of the Original Credit Agreement is amended:

(i) by deleting the definition of “Permitted Notes Amount” therefrom and
substituting in its place the following revised definition:

“‘Permitted Notes Amount’ means (i) with respect to Existing Senior Unsecured
Notes, $530,000,000, and (ii) with respect to Additional Senior Unsecured Notes,
$100,000,000.”

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(ii) by deleting clause (a) of the definition of “Permitted Notes Refinancing”
therefrom and substituting in its place the following revised clause (a):

“(a) the aggregate principal amount of the Indebtedness incurred in connection
with such Permitted Notes Refinancing shall be no less than $200,000,000 and no
greater than the Permitted Notes Amount for Existing Senior Unsecured Notes;”

(iii) by deleting the text “Permitted Refinancing Senior Unsecured Notes” in
clause (d) of the definition of “Permitted Notes Refinancing” and substituting
in its place the text “Existing Senior Unsecured Notes”

(iv) by deleting the text “Permitted Refinancing Unsecured Notes” in the
definition of “Permitted Refinancing Senior Unsecured Note Indenture” and
substituting in its place the text “Permitted Refinancing Senior Unsecured
Notes”

(v) by deleting the definition of “Permitted Refinancing Senior Unsecured Notes”
therefrom and substituting in its place the following revised definition:

“‘Permitted Refinancing Senior Unsecured Notes’ means (i) senior unsecured notes
substantially on the terms of the Description of Notes in the aggregate original
principal amount not exceeding the Permitted Notes Amount, issued on August 20,
2012 by H&E Delaware pursuant to the Permitted Notes Refinancing, together with
any amendments, modifications or supplements thereto made or issued in
accordance with the terms of the Permitted Refinancing Senior Unsecured Note
Indenture and this Agreement (the “Existing Senior Unsecured Notes”), and
(ii) Additional Senior Unsecured Notes.”

Section 2.

CONDITIONS TO EFFECTIVENESS

The amendments provided in Section 1 hereof shall become effective at the date
and time (the “Effective Date”), which must be on or before January 30, 2013,
that:

(a) the Agent shall have received one or more counterparts of (i) this
Amendment, executed and delivered by the Borrowers, the Requisite Lenders and
the Agent, and (ii) the Consent and Reaffirmation in the form of Exhibit I
attached hereto, executed and delivered by the Guarantors; and

(b) there shall be no continuing Default or Event of Default (after giving
effect to the amendments contemplated by this Amendment), and the
representations and warranties of the Borrowers contained in this Amendment
shall be true and correct in all material respects.

Section 3.

LIMITATION ON SCOPE

Except as expressly provided herein, the Loan Documents shall remain in full
force and effect in accordance with their respective terms. The amendments set
forth herein shall be limited precisely as provided for herein and shall not be
deemed to be amendments or waivers of or consents to or modifications of any
term or provision of the Loan Documents or any other document or instrument
referred to therein or of any transaction or further or future action on the
part of any Credit Party requiring the consent of the Agent or the Lenders
except to the extent specifically provided for herein. The Agent and the Lenders
have not and shall not be deemed to have waived any of their respective rights
and remedies against any Credit Party for any existing or future Defaults or
Events of Default.

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Section 4.

MISCELLANEOUS

 

  (a) Each Borrower hereby represents and warrants as follows:

 

  (i) this Amendment has been duly authorized and executed by such Borrower and
is the legal, valid and binding obligation of such Borrower, enforceable in
accordance with its terms, except as (1) such enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium and similar laws
affecting the rights of creditors in general and (2) the availability of
equitable remedies may be limited by equitable principles of general
applicability; and

 

  (ii) such Borrower repeats and restates the representations and warranties of
such Borrower contained in the Credit Agreement as of the Effective Date, except
to the extent such representations and warranties relate to a specific date;
provided that references to the “Credit Agreement” or “this Agreement” in such
representations and warranties shall be deemed to be references to the Credit
Agreement as amended pursuant to this Amendment.

 

  (b) This Amendment is being delivered in the State of New York.

(c) Each Borrower ratifies and confirms that all Loan Documents remain in full
force and effect notwithstanding the execution and delivery of this Amendment
and that nothing contained in this Amendment shall constitute a defense to the
enforcement of any Loan Document.

(d) This Amendment may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be deemed an
original, but all of which counterparts together shall constitute but one and
the same instrument.

(e) This Amendment is a “Loan Document” and each of the following provisions of
the Credit Agreement is hereby incorporated herein by this reference with the
same effect as though set forth in its entirety herein, mutatis mutandis, and as
if “this Agreement” in any such provision read “this Amendment”: Section 11.6
(Severability), Section 11.9 (Governing Law), Section 11.10 (Notices),
Section 11.11 (Electronic Transmissions), Section 11.12 (Section Titles),
Section 11.14 (Waiver of Jury Trial), Section 11.17 (Advice of Counsel) and
Section 11.18 (No Strict Construction).

[Signature page follows]

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Witness the due execution of this Amendment by the respective duly authorized
officers of the undersigned as of the date first written above.

 

H&E EQUIPMENT SERVICES, INC. By:    /S/ LESLIE S. MAGEE

Name:   Leslie S. Magee Title:   Chief Financial Officer

 

H&E EQUIPMENT SERVICES (CALIFORNIA), LLC By:    /S/ LESLIE S. MAGEE

Name:   Leslie S. Magee Title:   Chief Financial Officer

 

GREAT NORTHERN EQUIPMENT, INC. By:    /S/ LESLIE S. MAGEE

Name:   Leslie S. Magee Title:   Chief Financial Officer

[Signature Page to Amendment No. 4]

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GENERAL ELECTRIC CAPITAL CORPORATION,

as Agent and a Lender

By:    /s/ TOM D. CHAPMAN

Name: Tom D. Chapman Title:   Duly Authorized Signatory

[Signature Page to Amendment No. 4]

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BANK OF AMERICA, N.A.,

as a Lender

By:    /s/ CHRISTOPHER GODFREY Name: Christopher Godfrey Title:   Senior Vice
President

[Signature Page to Amendment No. 4]

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PNC BANK, NATIONAL ASSOCIATION,

as a Lender

By:    /s/ JAY DANFORTH Name: Jay Danforth Title:   Vice President

[Signature Page to Amendment No. 4]

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WELLS FARGO CAPITAL FINANCE, LLC,

as a Lender

By:    /s/ TODD NAKAMOTO Name: Todd Nakamoto Title:   Senior Relationship
Manager

[Signature Page to Amendment No. 4]

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REGIONS BANK,

as a Lender

By:    /s/ DANIEL WELLS Name: Daniel Wells Title:   Attorney in Fact

[Signature Page to Amendment No. 4]

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CAPITAL ONE LEVERAGE FINANCE CORP.,

as a Lender

By:    /s/ JULIANNE LOW Name: Julianne Low Title:   Vice President

[Signature Page to Amendment No. 4]

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JPMORGAN CHASE BANK, N.A.,

as a Lender

By:    /s/ MARIO QUINTANILLA Name: Mario Quintanilla Title:   Authorized Officer

[Signature Page to Amendment No. 4]

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DEUTSCHE BANK TRUST COMPANY AMERICAS,

as a Lender

By:    /s/ FRANK FAZIO

Name: Frank Fazio Title:   Managing Director By:    /s/ STEPHEN R. LAPIDUS

Name: Stephen R. Lapidus Title:   Director

[Signature Page to Amendment No. 4]

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EXHIBIT I

CONSENT AND REAFFIRMATION

Each of the undersigned (the “Guarantors”) hereby (i) acknowledges receipt of a
copy of Amendment No. 4, dated as of January 29, 2013 (“Amendment No. 4”), to
the Third Amended and Restated Credit Agreement, dated as of July 29, 2010,
among H&E Equipment Services, Inc., Great Northern Equipment, Inc., H&E
Equipment Services (California), LLC (collectively, the “Borrowers”), the other
Credit Parties named therein, the Lenders named therein, General Electric
Capital Corporation, as Agent, Bank of America, N.A., as Co-Syndication Agent
and Documentation Agent, and Wells Fargo Capital Finance, LLC, as Co-Syndication
Agent; (ii) consents to the Borrowers’ execution and delivery thereof and
approves and consents to the transactions contemplated thereby; (iii) agrees to
be bound thereby; and (iv) affirms that nothing contained therein shall modify
or diminish in any respect whatsoever its obligations under its Guaranty and the
other Loan Documents to which it is a party and reaffirms that such Guaranty is
and shall continue to remain in full force and effect. The acknowledgements
contained herein by the Guarantors are made and delivered to induce the Agent
and the Lenders to enter into Amendment No. 4, and the Guarantors acknowledge
that the Agent and the Lenders would not enter into Amendment No. 4 in the
absence of such acknowledgements. Although the Guarantors have been informed of
the matters set forth herein and have acknowledged and agreed to same, the
Guarantors understand that the Agent and the Lenders have no obligation to
inform the Guarantors of such matters in the future or to seek the Guarantors’
acknowledgment or agreement to future amendments or waivers, and nothing herein
shall create such a duty. Capitalized terms used herein without definition shall
have the meanings given to such terms in Amendment No. 4.

[Signature page follows]

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IN WITNESS WHEREOF, the undersigned have executed this Consent and Reaffirmation
on and as of the date of Amendment No. 4.

 

GNE INVESTMENTS, INC. By:      Name: Title: H&E FINANCE CORP. By:      Name:
Title: H&E CALIFORNIA HOLDING, INC. By:      Name: Title: H&E EQUIPMENT SERVICES
(MID-ATLANTIC), INC. By:      Name: Title: