EXHIBIT 10.48

AMENDMENT NO. 3TOMANAGEMENT AGREEMENT

|THIS AMENDMENT NO. 3 is made this 16 day of February, 2001, by and between SCOTT TECHNOLOGIES, INC., a Delaware corporation (hereinafter referred
to as the "Company") and Mark A. Kirk, an executive employee of the Company (hereinafter referred to as the "Executive"):
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|W I T N E S S E T H:                                                                                                                                                                                                                                                       
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|WHEREAS, the Company and the Executive have previously entered into a Management Agreement (hereinafter referred to as the "Agreement"); and                                                                                                                               
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|WHEREAS, the Company and the Executive have also entered into two (2) amendments to the Agreement; and                                                                                                                                                                     
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|WHEREAS, the Company and the Executive desire to further amend the Agreement in order to provide for a cash-out of certain stock options;                                                                                                                                  
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|NOW, THEREFORE, the Company and the Executive hereby amend Section 4 of the Agreement, effective as of the date hereof, by the addition at the end thereof of a new Section 4.10 to read as follows:                                                                       
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|                                                                                                                                                                   | payment shall be in complete satisfaction of all equity rights of the Executive relative to any Company stock options held by the Executive. For purposes of this Section
4.10 , 'Sale' shall mean a sale on or before December 31, 2001 of all or substantially all of the assets of the Company or a transaction in which any person or entity (or group of persons or entities) acquires beneficial ownership of fifty percent
(50%) or more of the outstanding voting securities of the Company, whether by purchase, tender offer, merger or otherwise."
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|IN WITNESS WHEREOF, the Company, by its duly authorized officers, and the Executive have executed this Amendment No. 3 as of the day and year first above written.
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| | SCOTT TECHNOLOGIES, INC.
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| | By                      
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| | And                     
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| | Mark A. Kirk            
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