EXHIBIT 10.1

CONFORMED VERSION

FOURTH AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT

         THIS FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”), dated as of June 14, 2002, is by and among GLOBAL POWER EQUIPMENT
GROUP INC., a Delaware corporation (the “Borrower”), the financial institutions
party to the Credit Agreement (as defined below) signatory hereto, in their
capacities as lenders (collectively, the “Lenders”, and each individually, a
“Lender”), and Deutsche Bank Trust Company Americas, formerly known as Bankers
Trust Company, as administrative agent (the “Administrative Agent”) for the
Lenders.

W I T N E S S E T H :

         WHEREAS, the Borrower, the Lenders and the Administrative Agent are
parties to that certain Amended and Restated Credit Agreement dated as of May
23, 2001 (as amended, restated, supplemented or otherwise modified and in effect
from time to time, the “Credit Agreement”), pursuant to which the Lenders have
provided to the Borrower credit facilities and other financial accommodations;
and

         WHEREAS, the Borrower has requested that the Administrative Agent and
the Lenders amend the Credit Agreement in certain respects as set forth herein
and the Lenders and the Administrative Agent are agreeable to the same, subject
to the terms and conditions hereof;

         NOW, THEREFORE, in consideration of the premises and of the mutual
covenants contained herein, and other good and valuable consideration the
receipt and adequacy of which are hereby acknowledged, the parties hereto hereby
agree as follows:

         1.     Defined Terms. Terms capitalized herein and not otherwise
defined herein are used with the meanings ascribed to such terms in the Credit
Agreement.

         2.     Amendments to Credit Agreement. The Credit Agreement is, as of
the Effective Date (as defined below), hereby amended and restated as follows:

                      (a)  Section 1.1 of the Credit Agreement is amended by
amending and restating the definition of “Letter of Credit Commitment Amount” to
read as follows:

           “Letter of Credit Commitment Amount” means, on any date, a maximum
amount of $55,000,000, as such amount may be permanently reduced from time to
time pursuant to Section 2.2.

                      (b)  The preamble to the Credit Agreement is amended by
deleting the words “BANKERS TRUST COMPANY (“Bankers Trust”)” and inserting in
lieu thereof the words “DEUTSCHE BANK TRUST COMPANY AMERICAS, formerly known as
BANKERS TRUST COMPANY (“Deutsche Bank”)”.

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                      (c)  Section 1.1 of the Credit Agreement is amended by
deleting the definition of “Bankers Trust” contained therein in its entirety and
inserting the following definition in alphabetical order therein:

                      “Deutsche Bank” is defined in the preamble.

                      (d)  The Credit Agreement is amended by deleting each
reference to “Bankers Trust” and inserting in lieu thereof a reference to
“Deutsche Bank”.

         3.     Representations and Warranties. In order to induce the
Administrative Agent and the Lenders to enter into this Amendment, the Borrower
hereby represents and warrants to the Administrative Agent and the Lenders, in
each case after giving effect to this Amendment, as follows:

                      (a)  The Borrower has the right, power and capacity and
has been duly authorized and empowered by all requisite corporate or limited
liability company and shareholder or member action to enter into, execute,
deliver and perform this Amendment and all agreements, documents and instruments
executed and delivered pursuant to this Amendment.

                      (b)  This Amendment constitutes the Borrower’s legal,
valid and binding obligation, enforceable against it, except as enforcement
thereof may be subject to the effect of any applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting creditors’ rights generally
and general principles of equity (regardless of whether such enforcement is
sought in a proceeding in equity or at law or otherwise).

                      (c)  The representations and warranties contained in the
Credit Agreement and the other Loan Documents are true and correct in all
material respects at and as of the Effective Date as though made on and as of
the Effective Date (except to the extent specifically made with regard to a
particular date, in which case such representation and warranty is true and
correct in all material respects as of such earlier date).

                      (d)  The Borrower’s execution, delivery and performance of
this Amendment do not and will not violate its Articles or Certificate of
Incorporation or By-laws, any material law, rule, regulation, order, writ,
judgment, decree or award applicable to it or any material contractual provision
to which it is a party or to which it or any of its property is subject.

                      (e)  No authorization or approval or other action by, and
no notice to or filing or registration with, any governmental authority or
regulatory body (other than those which have been obtained and are in force and
effect) is required in connection with the execution, delivery and performance
by the Borrower or any other Obligor of this Amendment and all agreements,
documents and instruments executed and delivered pursuant to this Amendment.

                      (f)  No Default or Event of Default exists under the
Credit Agreement as of the date hereof or would exist as of the Effective Date
after giving effect to the amendments and transactions contemplated by this
Amendment.

         4.     Conditions to Effectiveness of Amendment. This Amendment shall
become effective on the date (the “Effective Date”) each of the following
conditions precedent is satisfied:

 

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         (a)  Execution and Delivery. The Borrower, the Administrative Agent,
and the Required Lenders shall have executed and delivered this Amendment; the
Borrower shall have executed and delivered an Officers Certificate in the form
of Exhibit A attached hereto; the Subsidiary Guarantors shall have executed and
delivered a Reaffirmation of Guarantee in the form of Exhibit B attached hereto.

         (b)  Representations and Warranties. The representations and warranties
of the Borrower and the other Obligors contained in this Amendment, the Credit
Agreement and the other Loan Documents shall be true and correct in all material
respects as of the Effective Date, with the same effect as though made on such
date, except to the extent that any such representation or warranty relates to
an earlier date, in which case such representation or warranty shall be true and
correct in all material respects as of such earlier date.

         (c)  No Defaults. No Default or Event of Default under the Credit
Agreement shall have occurred and be continuing.

         5.     Miscellaneous. The parties hereto hereby further agree as
follows:

         (a)  Costs, Expenses and Taxes. The Borrower hereby agrees to pay all
reasonable fees, costs and expenses of the Administrative Agent incurred in
connection with the negotiation, preparation and execution of this Amendment and
the transactions contemplated hereby, including, without limitation, the
reasonable fees and expenses of Winston & Strawn, counsel to the Administrative
Agent.

         (b)  Counterparts. This Amendment may be executed in one or more
counterparts, each of which, when executed and delivered, shall be deemed to be
an original and all of which counterparts, taken together, shall constitute but
one and the same document with the same force and effect as if the signatures of
all of the parties were on a single counterpart, and it shall not be necessary
in making proof of this Amendment to produce more than one (1) such counterpart.

         (c)  Headings. Headings used in this Amendment are for convenience of
reference only and shall not affect the construction of this Amendment.

         (d)  Integration. This Amendment and the Credit Agreement (as amended
hereby) constitute the entire agreement among the parties hereto with respect to
the subject matter hereof.

         (e)  Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS AND DECISIONS OF THE STATE OF
NEW YORK (WITHOUT REFERENCE TO CONFLICT OF LAWS PRINCIPLES).

         (f)  Binding Effect. This Amendment shall be binding upon and inure to
the benefit of and be enforceable by the Borrower, the Administrative Agent and
the Lenders and their respective successors and assigns. Except as expressly set
forth to the contrary herein, this Amendment shall not be construed so as to
confer any right or benefit upon any Person other

 

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than the Borrower, the Administrative Agent and the Lenders and their respective
successors and permitted assigns.

         (g)  Amendment; Waiver. The parties hereto agree and acknowledge that
nothing contained in this Amendment in any manner or respect limits or
terminates any of the provisions of the Credit Agreement or any of the other
Loan Documents other than as expressly set forth herein and further agree and
acknowledge that the Credit Agreement (as amended hereby) and each of the other
Loan Documents remain and continue in full force and effect and are hereby
ratified and confirmed. Except to the extent expressly set forth herein, the
execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any rights, power or remedy of the Lenders or the Administrative Agent
under the Credit Agreement or any other Loan Document, nor constitute a waiver
of any provision of the Credit Agreement or any other Loan Document. No delay on
the part of any Lender or the Administrative Agent in exercising any of their
respective rights, remedies, powers and privileges under the Credit Agreement or
any of the Loan Documents or partial or single exercise thereof, shall
constitute a waiver thereof. On and after the Effective Date each reference in
the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or
words of like import, and each reference to the Credit Agreement in the Loan
Documents and all other documents delivered in connection with the Credit
Agreement shall mean and be a reference to the Credit Agreement as amended
hereby. The Borrower acknowledges and agrees that this Amendment constitutes a
“Loan Document” for purposes of the Credit Agreement, including, without
limitation, Section 9.1 of the Credit Agreement. None of the terms and
conditions of this Amendment may be changed, waived, modified or varied in any
manner, whatsoever, except in accordance with Section 10.1 of the Credit
Agreement.

[signature pages follow]

 

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         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered by their respective officers thereunto duly authorized,
as of the date first written above.

              GLOBAL POWER EQUIPMENT GROUP INC.               By:   /s/ Michael
H. Hackner

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    Name:   Michael H. Hackner

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    Title:   Vice President of Finance and C.F.O.     

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              DEUTSCHE BANK TRUST COMPANY AMERICAS, formerly known as BANKERS
TRUST COMPANY, Individually and as Administrative Agent               By:   /s/
M. A. Orlando

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    Name:   Marco Orlando

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    Title:   Director

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              CREDIT SUISSE FIRST BOSTON               By:   /s/ James P. Moran

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    Name:   James P. Moran

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    Title:   Director

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              By:   /s/ David M. Koczan

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    Name:   David M. Koczan

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    Title:   Associate

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Global Power Equipment Group Inc.
Fourth Amendment to Amended and Restated Credit Agreement

         

 

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              NATIONAL CITY BANK, CLEVELAND               By:   /s/ Christopher
J. Hetz

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    Name:   Christopher J. Hetz

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    Title:   Account Officer

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              FLEET BANK               By:   /s/ Rich Williams

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    Name:   Rich Williams

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    Title:   Vice President

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              US BANK NATIONAL ASSOCIATION               By:   /s/ Michael J.
Staloch

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    Name:   Michael J. Staloch

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    Title:   Sr. Vice President

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              BARCLAYS BANK PLC               By:    

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    Name:    

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    Title:    

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Global Power Equipment Group Inc.
Fourth Amendment to Amended and Restated Credit Agreement

 

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              CITICORP USA, INC.               By:   /s/ Nicolas T. Erni

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    Name:   Nicolas T. Erni

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    Title:   Director/VP

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              ALLIED IRISH BANKS PLC               By:    

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    Name:    

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    Title:    

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              FORTIS CAPITAL               By:   /s/ John C. Preneta

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    Name:   John C. Preneta

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    Title:   Executive Vice Presiden

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              By:   /s/ John O’Conner

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    Name:   John O’Conner

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    Title:   Managing Director

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Global Power Equipment Group Inc.
Fourth Amendment to Amended and Restated Credit Agreement

 

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EXHIBIT A

CERTIFICATE OF OFFICER

         I, the undersigned, Vice President of Finance and C.F.O. of Global
Power Equipment Group Inc., a Delaware corporation (the “Borrower”), in
accordance with Section 4(a) of that certain Fourth Amendment to Amended and
Restated Credit Agreement dated as of June 14, 2002 (the “Amendment”) among the
Borrower, Deutsche Bank Trust Company Americas, formerly known as Bankers Trust
Company, as Administrative Agent, and the financial institutions party thereto,
do hereby certify on behalf of the Borrower, the following:

  1.   The representations and warranties set forth in Section 3 of the
Amendment are true and correct in all material respects as of the date hereof
except to the extent such representations and warranties are expressly made as
of a specified date in which event such representations and warranties were true
and correct in all material respects as of such specified date;     2.   No
Default or Event of Default has occurred and is continuing; and     3.   The
conditions of Section 4 of the Amendment have been fully satisfied.

         Unless otherwise defined herein, capitalized terms used herein shall
have the meanings set forth in the Amendment.

         IN WITNESS WHEREOF, the undersigned has duly executed and delivered on
behalf of the Borrower this Certificate of Officer on this 14th day of June,
2002.

                        GLOBAL POWER EQUIPMENT GROUP INC.               By:  
/s/ Michael H. Hackner

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    Name:   Michael H. Hackner

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    Title:   Vice President of Finance and C.F.O.

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EXHIBIT B

REAFFIRMATION OF GUARANTEE

         Each of the undersigned acknowledges receipt of a copy of the Fourth
Amendment to Amended and Restated Credit Agreement (the “Amendment”; capitalized
terms used herein shall, unless otherwise defined herein, have the meanings
provided in the Amendment) dated as of June 14, 2002, by and among Global Power
Equipment Group Inc., Deutsche Bank Trust Company Americas, formerly known as
Bankers Trust Company, as administrative agent, and the financial institutions
party thereto as Lenders, consents to such amendment and each of the
transactions referenced in the Amendment and hereby reaffirms its obligations
under the Subsidiary Guaranty, as applicable.

Dated as of June 14, 2002.

              DELTAK, L.L.C.   BRADEN CONSTRUCTION SERVICES, INC.              
By:   /s/ Michael H. Hackner

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  By:   /s/ James P. Wilson

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Name:   Michael H. Hackner

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  Name:   James P. Wilson

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Title:   Treasurer

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  Title:   Secretary & Treasurer

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              BRADEN MANUFACTURING, L.L.C.   CFI HOLDINGS, INC.              
By:   /s/ James P. Wilson

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  By:   /s/ James P. Wilson

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Name:   James P. Wilson

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  Name:   James P. Wilson

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Title:   Vice President of Finance

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  Title:   Secretary

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              DELTAK CONSTRUCTION SERVICES, INC.   CONSOLIDATED FABRICATORS,
INC.               By:   /s/ Michael H. Hackner

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  By:   /s/ James P. Wilson

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Name:   Michael H. Hackner

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  Name:   James P. Wilson

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Title:   Secretary & Treasurer

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  Title:   Secretary

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