Exhibit 10.1

                            Revised Offer to Finance


<PAGE>

                                                                    EXHIBIT 10.1
                       BRAMPTON COMMERCIAL BANKING CENTER

NATIONAL
BANK
OF CANADA

September 26, 2001

TBM Holdings, Inc.
136 Main Street
Westport, CT 06880

Dear Sirs:

                            REVISED OFFER TO FINANCE

Further to our Offer to Finance dated October 26, 2000 and Revised Offer to
Finances dated February 19, 2001 and Match 23, 2001, we are pleased to advise
you that National Bank of Canada has authorize the following amendment in the
credit facility subject to the ensuing terms and conditions.

BORRWER:            Blue Giant Equipment Corporation (the "Borrower").
-------

LENDER:             National Bank of Canada (the "Bank").
------

AMOUNT:             The limit of facility "A" shall be reduced to $6,500,000
------              Canadian or U.S. dollar equivalent.

INTEREST RATES:     The interest rate on facility "A" shall be
--------------      amended as follows:

                    Total Debt to TNW Ratio              Interest Rate
                    ------------------------------       -------------
                    (less than or equal to) 2.50:1       Prime + 0.625%
                    (greater than)        > 2.50:1       Prime + 1.25%

FINANCIAL           The Bank has agreed to amend the following
COVENANTS:          covenants as follows:
--------

                    1.  SENIOR DEBT TO EBITDA RATIO: The ratio of Senior Debt to
                        Earnings before interest, taxes, depreciation,
                        amortization and discretionary management bonuses shall
                        not exceed 3.3:1 at anytime; improving to 3.25:1 by
                        September 30, 2001 and 3.05:l by December 31, 2001.

                    2.  DEBT SERVICE COVERAGE: The ratio of Net Cash Flow to
                        Debt Service shall be a minimum of 1.17:1; improving to
                        1.25:1 by December 31, 2001. Net Cash Flow shall be
                        defined as the Income After Tax plus: deferred taxes;
                        depreciation; any other non-cash expenses; and all cash
                        interest expense; less: dividends and capital
                        expenditures not funded by debt or proceeds from
                        disposal of fixed assets. Debt Service shall be defined
                        as all debt principal payments plus all cash interest
                        expense.

OTHER
CONDITIONS:         1.  Accounts receivable due from Presto Lifts,
----------              Inc. shall not exceed $300,000 U.S. as at
                        October 31, 2001 and anytime thereafter. Furthermore,
                        any invoices aged more than 60 days old will deducted as
                        an intangible asset from the calculation of TNW for
                        covenant compliance.

FEES:               $5,000 amendment and re-structuring fee.
----


<PAGE>

All other terms and conditions detailed in our Offer to Finance dated October
26, 2000 and the revised Offer to Finances dated February 19, 2001 and March 23,
2001 remain unchanged and in full effect.

Yours truly,


/s/ Jim Paterson                     /s/ Steven Matheson
--------------------                 ----------------------
Jim Paterson                         Steven Matheson
Account Manager                      Senior Manager



ACKNOWLEDGEMENT:
---------------

THE  ACKNOWLEDGE  AND ACCEPT THE TERMS AND  CONDITIONS  OUTLINED  HEREIN
THIS 26th DAY OF OCTOBER, 2001

BLUE GIANT EQUIPMENT CORPORATION ("BORROWER")

Per: /s/ William A. Schwartz
    ---------------------------
Title:  Chief Executive Officer

Per:________________________
Title:


CORPORATE GUARANTOR:

TBM HOLDINGS, INC.

Per: /s/ William A. Schwartz
     --------------------------
Title: President

Per:________________________
Title: