Document:

Form of Warrant

 Exhibit 10.7 

THIS WARRANT AND THE UNDERLYING SHARES OF THE COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY OTHER SECURITIES LAWS. THIS WARRANT AND THE UNDERLYING SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE OF THE WARRANT MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION INDER THE SECURITIES ACT AND ANY OTHER APPLICABLE SECURITIES LAWS, OR RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL OR OTHER EVIDENCE ACCEPTABLE TO THE COMPANY THAT SUCH SALE OR TRANSFER OF SUCH SECURITIES IN EXEMPT FROM REGISTRATION
UNDER THE SECURITIES ACT. 
 GLOBAL POWER EQUIPMENT GROUP INC. 

WARRANT 
  

					
	Warrant No.	 		  	Issuance Date: January 22, 2008
		 		  	Expiration Date: January 22, 2013

Global Power Equipment Group Inc., a Delaware corporation (the “Company”), hereby certifies that, for value received,
                    , or its successors or registered assigns (collectively, and including any of their respective affiliates, (the
“Holder”), are entitles to purchase from the Company up to a total of                      shares of common stock, $0.01 par value
per share (the “Common Stock”), of the Company (as adjusted from time to time as provided in Section 9, each such share, a “Warrant Share” and all such shares, the “Warrant Shares”) at
an exercise price equal to $0.8806 per Warrant Share (as adjusted from time to time as provided in Section 9, the “Exercise Price”), at any time ad from time to time, in whole or in part, on or after the date hereof
through and including January 22, 2013 (the “Expiration Date”), and subject to the following terms and conditions. 

1. Registration of Warrant. The Company shall register the Warrant, upon records to be maintained by the Company for that purpose
(the Warrant Register”), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or distribution to the
Holder, and for all purposes, absent actual notice to the contrary. 
 2. Registration of Transfers. The Company shall
register the transfer of any position of this Warrant in the Warrant register, upon the surrender of this Warrant, with the Form of Assignment attached hereto duly completed and signed, to the Warrant Agent or to the Company at its address specified
herein. Upon any such registration or transfer, a new warrant to purchase Common Stock, in substantially the form of this Warrant (any such new warrant, a “New Warrant”), evidencing the portion of this Warrant so transferred shall be
issued to the transferee and a New Warrant evidencing the remaining portion of this Warrant not so transferred, if any, shall be issued to the transferring Holder. The Acceptance of the New Warrant by the transferee thereof shall be deemed the
acceptance by such transferee of all rights and obligations of a holder of a Warrant. 

 3. Warrant and Warrant Shares Not Registered. By receipt of the Warrant, the Holder
understands that this Warrant and the Warrant Shares have not been registered under the Securities Act of 1933, as amended (the Securities Act”). The Holder also understands that this Warrant and the Warrant Shares are being offered and
sold pursuant to an exemption from registration contained in the Securities Act, based in part upon the Holder’s representations contained in the Backstop Agreement, dated as of October 23, 2007, among the Company and the Backstop
Purchasers therein (the “Backstop Agreement”). The Holder further understands and agrees with the Company that this Warrant and the Warrant Shares may only be resold, transferred, assigned or hypothecated (i) pursuant to an
effective registration statement under the Securities Act, or (ii) pursuant to an exemption from such registration afforded by the Securities Act, in which case the Holder shall deliver to the Company an opinion of counsel, or such other
evidence acceptable to the Company, that such exemption is available. 
 4. Legends. 

(a) Legends. The Holder agrees with the Company that certificates evidencing any New Warrants shall bear the same restrictive legend
appearing on the face of this Warrant. The Holder further agrees with the Company that the certificates evidencing the Warrant Shares will bear the following legend: 

THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”) AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES ACT OR AN OPINION OF COUNSEL OR OTHER EVIDENCE SATISFACTORY TO THE COMPANY TO THE EFFECT THAT SUCH
REGISTRATION IS NOT REQUIRED. 
 (b) Removal of Legends. The restrictions upon transferability of this Warrant, the
Warrant Shares and the New Warrants (together, the “Securities”) shall cease when (i) such Securities are sold pursuant to a registration statement covering such securities that has become effective pursuant to the Securities Act or
(ii) an exemption from such registration exists under the Securities Act and any applicable state securities laws, and the company has received a written opinion from counsel or other evidence satisfactory to the Company to the effect that such
registration is not required. When such restrictions upon transferability terminate, upon request from the Holder or the shareholder, as the case may be, the Company shall, or instruct its transfer agent to, promptly, and without expense to the
Holder or the shareholder, as the case maybe, issue replacement Securities in the name of the Holder or the shareholder, as the case may be, not bearing the legends set forth on the face of this Warrant or set forth herein. 

 5. Exercise and Duration of Warrant. 

(a) This Warrant shall be exercisable by the registered Holder at any time and from time to time, in whole or in part, on or after the
date hereof to and including the Expiration Date. At 5:00 P.M., New York City time on the Expiration Date, the portion of this Warrant not exercised prior thereto shall be and become void and of no value. 

(b) A Holder may exercise this Warrant by Delivering to the company (i) an exercise notice in the form attached hereto (the
“Exercise Notice”), appropriately completed and duly signed, and (ii) payment of the Exercise Price for the number of Warrant Shares as to which this Warrant is being exercised as provided in Section 10 hereof, and the
date such items are delivered to the Company (as determined in accordance with the notice provisions hereof) is an “Exercise Date.” 

6. Delivery of Warrant Shares. 

(a) Upon exercise of this Warrant, the Company shall promptly (but in no event later than three trading dates after the Exercise Date)
issue or cause to be issued and cause to be delivered to the Holder, a certificate for the Warrant Shares issuable upon such exercise. The Holder shall be deemed to have become holder of record of such Warrant Shares as of the Exercise Date.

 (b) This Warrant is exercisable on or after the date hereof, either in its entirety or, from time to time, for a portion of
the number of Warrant Shares. Upon surrender of this Warrant following one or more partial exercises, the Company shall issue or cause to be issued, at its expense, a New Warrant evidencing the right to purchase the remaining number of Warrant
Shares. 
 (c) The Company’s obligations to issue and deliver Warrant Shares in accordance with the terms hereof are
absolute and unconditional, irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect too any provision hereof, the recovery of any judgment against any person or entity or any action to enforce the
same, or any set off, counterclaim, recoupment, limitation, or termination, or any breach or alleged breach by the Holder or any other person or entity of any obligation to the Company or any violation or alleged violation of the law by the Holder
or any other person or entity, and irrespective of any other circumstance which might otherwise limit such obligation of the Company to the Holder in connection with the issuance of Warrant Shares. Nothing herein shall limit the Holder’s right
to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver certificates
representing shares of Common Stock upon exercise of this Warrant as required pursuant to the terms hereof. 
 7. Charges,
Taxes and Expenses. Issuance and delivery of certificates for Warrant Shares upon exercise of this Warrant shall be made without charge to the Holder for any issue or transfer tax, withholding tax, transfer agent fee or other incidental tax or
expense in respect of the issuance of such certificates, all of which taxes and expenses shall be paid by the Company; provided however, that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved
in the registration of any certificates for Warrant Shares or Warrant in a name other that that of the initial Holder or an affiliate thereof. The Holder shall be responsible for all other tax liability that may arise as a result of holding or
transferring this Warrant or receiving Warrant shares upon exercise hereof. 

 8. Reservation of Warrant Shares. The Company covenants that it will at all times
reserve and keep available out of the aggregate of its authorized but unissued and otherwise unreserved Common Stock, solely for the purpose of enabling it to issue Warrant Shares upon exercise of the Warrant as herein provided, the number of
Warrant Shares which are the issuable and deliverable upon the exercise of this entire Warrant, free from preemptive rights or any other contingent purchase rights of persons other than the Holder (taking into account the adjustments of
Section 9). The Company covenants that all Warrant Shares so issuable and deliverable shall, upon issuance and the payment of the applicable Exercise Price is accordance with the terms hereof, be duly and validly authorized, issued and fully
paid and nonassessable. The Company will take all such action as may be necessary to assure that such shares of Common Stock may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of any
securities exchange or automated quotation system upon which the Common Stock may be listed. 
 9. Certain Adjustments.
The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 9. 

(a) Stock Dividends and Splits. If the Company, at any time while this warrant is outstanding, (A) pay a stock dividend on its
Common Stock or otherwise makes a distribution on any class of capital stock that is payable in shares of Common Stock, (B) subdivides outstanding shares of Common Stock into a larger number of shares, or (C) combines outstanding shares of
Common Stock into a smaller number of shares, then in each such case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock outstanding immediately after such denominator shall be
the number of shares of Common Stock outstanding immediately after such event. Any adjustment made pursuant to clause (A) of this paragraph shall become effective immediately after the record date for the determination of stockholders entitles
to receive such dividend or distribution, and any adjustment pursuant to clause (B) or (C) of this paragraph shall become effective immediately after the effective date of such subdivision or combination. 

(b) Adjustment for Reclassification, Exchange and Substitution. If at any time this Warrant is outstanding, the common Stock issuable
upon exercise of this Warrant is changed into the same or a different number of shares of any class or classes of stock, this Warrant will thereafter represent the right to acquire such number and kind of securities as would have been issuable as a
result of exercise of this Warrant and the Exercise Price therefore shall be appropriately adjusted, all subject to further adjustment in this Section 9. 

(c) Adjustments for Other Dividends and Distributions. In the case the Company shall, by dividend or otherwise, distribute to all holders
of Common Stock shares of any class of capital stock of the Company, debt securities, assets or other property of the Company (Excluding and dividend to distribution referred to in Section 9(a) (any of the foregoing hereinafter in this
Section 9(c) call the “Distribution Assets”), then, in each such case, the Exercise Price shall be decreased so that the Exercise Price shall be equal to the price determined by multiplying the Exercise Price in effect on the
record date of such distribution with respect t such dividend or distribution by a fraction, 

 (i) the numerator of which shall be (x) the Fair Market Value (As defined below) per
share of the common Stock on such record date minus (y) the fair market value of the Distributed Assets applicable to one share of Common Stock, as determined in good faith by the Board of Directors of the Company (the “Board of
Directors”); 
 (ii) the denominator of which shall be the Fair Market Value per share of the Common Stock on such
record date, 
 such adjustment to become effective immediately prior to the opening of business on the day following such record date;
provided, however, that in the event the then fair market value (as so determined) of the portion of the Distributed Assets so distributed applicable to one share of Common Stock is equal to or greater than the Fair Market Value of the Common
Stock on such record date, in lieu of the foregoing adjustment, adequate provision shall be made so that the Holder shall have the right to receive upon exercise of this warrant the amount of Distributes Assets the Holder would have received had the
Holder exercised the Warrant on such record date. In the event that such dividend or distribution is declared but nor so paid or made, the number of shares of Common Stock issuable upon exercise of this Warrant and the Exercise Price shall again be
adjusted to be the number of shares of Common Stock issuable upon exercise of this Warrant and the Exercise Price that would be in effect if such dividend or distribution had not been declared. 

(iii) For purposes of this Warrant, “Fair Market Value” means: 

(A) If the security is traded on a securities exchange or through the Nasdaq National Market, the Fair Market Value shall be deemed to
be the average of the closing prices of the securities on such exchange or quotation system, or, if there has been no sales on any such exchange or quotation system in any day, the average of the highest bid and lowest asked prices on such exchange
or quotation system as of 4:00 pm, New York time, or, if on any day such security is not traded on an exchange or quoted in the Nasdaq Stock Market System, the average of the highest bid and lowest asked prices on such day in the domestic
over-the-counter market as reported by the National Quotation Bureau, Incorporated or any similar successor organization, in such case average over a period of ten (10) business days consisting of the business day as of which the Fair Market
Value is being determined and the nine (9) consecutive business days prior to such day; or 
 (B) If at any time such
security is not listed on any consecutive securities exchange or quoted in the Nasdaq Stock Market System or the over-the-counter market, the Fair Market Value shall be the fair value thereof, as determined in good faith by the Board of Directors.

 (d) Adjustment for Mergers or Reorganizations, etc. Any reorganization,
recapitalization, reclassification, consolidation, merger, sale of all or substantially all of the Company’s assets or other transaction involving the Company in which the Common Stock is converted into or exchanged for securities, cash or
other property while this Warrant is outstanding (other than a transaction covered by Sections 9(a) or (c) is referred to herein as an “Organic Change”. Prior to the consummation of any such Organic Change, the Company shall make
appropriate provision (as determined in good faith by the Board of Directors) to ensure that the Holder shall have the right to receive, in lieu of or in addition to (as the case may be) such shares of Common Stock immediately acquirable and
receivable upon exercise of this Warrant, the kind and amount of securities, cash or other property as the Holder would have received after the Organic Change if the Holder had exercised this Warrant immediately before the effective date of such
Organic Change, assuming the Holder did not exercise his rights of election, if any, as to the kind or amount of stock, other securities or other property or assets (including cash) receivable upon such Organic Change, provided that,
(i) if the kind or amount of stock, other securities or other property class or assets (including cash) receivable upon such Organic Change is not the same for each share of Common Stock in respect of which such rights of election shall not
have been exercised (“nonelecting share”), then the kind and amount of stock, other securities or other property or assets (including cash) receivable upon exercise of this Warrant shall be the kind and amount so receivable per share by a
plurality of the nonelecting shares upon such Organic Change and (ii) if there are no nonelecting shares, then the kind and amount of stock, other securities or other property or assets (including cash) receivable upon exercise of this Warrant
shall be deemed to be the kind and amount so receivable per share by a plurality of holders of Common Stock upon such Organic Change. The Company shall not effect and Organic Change unless, prior to the consummation thereof, the successor entity (if
other than the Company) resulting from the Organic Change assumes by written instrument the obligation to deliver to the Holder such shares f stock, securities or assets as, in accordance with the foregoing provisions, the Holder may be entitled to
acquire; provided, that any assumption shall not relieve the Company of its obligations hereunder. 
 (e) Adjustments
to the Conversion Prices for Certain Dilutive Issuances. 
 (i) Special Definitions. For purposes of this
Section 9(e), the following definitions apply: 
 (A) “Additional Shares of Common Stock” shall
mean all shares of Common Stock issued (or, pursuant to Section 9(e)(ii), deemed to be issued) by the Company after the original issue date of this Warrant (other than shares of Common Stock issued or issuable to officers, directors or
employees of, or consultants to, the Company pursuant to the Management Incentive Plan and the Management Co-Investment Plan, as contemplated by the plan of reorganization of the Company and its affiliated debtors on the date hereof). 

(B) “Convertible Securities” shall mean any evidences of indebtedness, shares or other securities convertible into or
exchangeable for Common Stock. 
 (C) “Options” shall mean rights, options or warrants to subscribe for,
purchase or otherwise acquire either Common Stock or Convertible Securities. 

 (ii) Deemed Issuance of Additional Shares of Common Stock. In the event the Company,
at any time or from time to time while this Warrant is outstanding, shall issue any Options or Convertible Securities or shall fix a record date for the determination of holders of any class of securities then entitled to receive any such Options or
Convertible Securities, then the maximum number of shares (as set forth in the instrument relating thereto without regard to any provisions contained therein designed to protect against dilution) of Common Stock issuable upon the exercise of such
Options or, in the case of Convertible Securities and Option therefore, the conversion or exchange of such Convertible Securities, shall be deemed to be Additional Shares of common Stock issued as of the time of such issuance of such issuance of
such Convertible Securities or Options or, in case such a record date shall have been fixed, as of the close of business on such record date; provided, further, that in any such case in which Additional Shares of Common Stock are
deemed to be issued: 
 (A) no further adjustments to the Exercise Price shall be made upon the subsequent issue of Convertible
Securities or shares of Common Stock upon the exercise of such Options or conversion or exchange of such Convertible Securities; and 

(B) if such Options or Convertible Securities by their terms provide, with the passage of time or otherwise, for any increase in the
consideration payable to the Company, or decrease in the number of shares of common Stock issuable, upon the exercise, conversion or exchange thereof, the Exercise Price computed upon the original issue thereof (or upon the occurrence of a record
date with respect thereto), and any subsequent adjustments based thereon, shall, upon any such increase or decrease becoming effective, be recomputed to reflect such increase or decrease insofar as it affects such Options or the rights of conversion
or exchange under such Convertible Securities; provided, that no readjustment pursuant to this clause (B) shall have the effect of increasing the Exercise Price to an amount which exceeds the Exercise Price on the original adjustment
date. 
 (iii) Adjustment of Exercise Price Upon Issuance of Additional Shares of Common Stock. In the event the Company,
at any time while this Warrant is outstanding, shall issue Additional Shares of Common Stock (including Additional Shares of Common Stock deemed to be issued pursuant to Section 9(e)(ii)) without consideration or for consideration per
share less than the Fair Market Value of the Common Stock, then the Exercise Price shall be reduced, concurrently with such issue, to a price (calculated to the nearest cent) determined by multiplying the Exercise Price then in effect, by a
fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such issue plus the number of shares of Common Stock which the aggregate consideration received by the Company for the total number of
Additional Shares of Common Stock so issued would purchase at the Fair Market Value in the effect immediately prior to such issuance, and the denominator of which shall be the number of shares of Common Stock outstanding immediately prior to such
issue plus the number of such Additional Shares of Common Stock so issued. For the purpose of the above calculation, the number of shares of Common Stock outstanding immediately prior to such issue shall be calculated on a fully diluted basis, as if
all Convertible Securities had been fully converted into shares of Common Stock and any outstanding Options bearing an exercise price which is lower than the price at which the Additional Shares of Common Stock were issued had been fully exercised
(and the resulting securities fully converted into shares of Common Stock, if so convertible) as of such date. 

 (iv) Determination of Consideration. For purposes of this Section 9(e),
the consideration received by the Company in connect with the issuance of any Additional Shares of Common Stock shall be computed as follows: 

(A) Cash and Property. Such consideration shall: 

(1) insofar as it consists of cash, be computed at the aggregate amount of cash received by the Company, excluding amounts paid or
payable for accrued interest or accrued dividends; 
 (2) insofar as it consists of property other than cash, be computed at the
fair market value thereof at the time of such issuance, as determined by the Board of Directors in good faith; and 
 (3) in the
event Additional Shares of Common Stock are issued together with other shares or securities or other assets of the Company for consideration which covers both cash and property, be the proportion of such consideration so received, computed as
provided in clauses (1) and (2) above, as determined by the Board of Directors in good faith. 
 (B) Options and
Convertible Securities. The consideration per share received by the Company for Additional Shares of Common Stock deemed to have been issued pursuant to Section 9(e)(ii) relating to Options and Convertible Securities shall be
determined by dividing: 
 (1) the total amount, if any, received or receivable by the Company as consideration for the issuance
of such Options or Convertible Securities, plus the minimum aggregate amount of additional consideration (as set forth in the instruments relating thereto, without regard to any provision contained therein designed to protect against dilution)
payable to the Company upon the exercise of such Options or the conversion or exchange of such Convertible Securities, or in the case of Options for Convertible Securities, the exercise of such Options for Convertible Securities and the conversion
or exchange of such Convertible Securities, by 
 (2) the maximum number of shares of Common Stock (as set forth in the
instruments relating thereof, without regard to any provision contained therein designed to protect against the dilution) issuable upon the exercise of such Options or conversion or exchange of such Convertible Securities, or in the case of Options
for Convertible Securities, the exercise of such Options for Convertible Securities and the conversion or exchange of such Convertible Securities. 

 (f) Adjustment in Number of Warrant Shares. Upon each adjustment of the Exercise
Price as a result of the calculations made in this Section 9, the number of Warrant Shares issuable upon exercise of this Warrant shall be adjusted my multiplying such number of Warrant Shares by a fraction, the numerator of which shall
be the exercise Price in effect immediately prior to such adjustment and the denominator of which shall be the Exercise Price in effect after giving effect to such adjustment. 

(g) Calculations. All calculations under this Section 9 shall be made to the nearest cent or the
nearest 1/100th of a share, as applicable. The number of
shares of Common Stock outstanding at any given time shall not include shares owned or held by or for the account of the Company, and the disposition of any such shares shall be considered an issue or sale of Common Stock. 

(h) Notice of Adjustment. Upon the occurrence of each adjustment pursuant to the Section 9, the Company at its expense
will promptly compute such adjustment in accordance with the terms of this Warrant and prepare a certificate setting forth such adjustment, including a statement of the adjusted Exercise Price and adjusted number or type of Warrant Shares or other
securities issuable upon exercise of this Warrant (as applicable), describing the transactions giving rise to such adjustments and showing in detail the facts upon which such adjustment is based. The Company will promptly deliver a copy of each such
certificate to the Holder and to the Company’s transfer agent. 
 (i) Notice of Corporate Events; Termination. If
the Company (i) declares a dividend or any other distribution of cash, securities or other property in respect of its Common Stock, including without limitation any granting of rights or warrants to subscribe for or purchase any capital stock
of the Company or any Subsidiary, (ii) authorizes or approves, enters into any agreement contemplating, or solicits, stockholder approval for any merger, sale or similar transaction pursuant to which Common Stock is converted or exchanged for
cash, securities or property or (iii) authorizes the voluntary dissolution, liquidation or winding up of the affairs of the Company, then the Company shall deliver to the Holder a notice describing the material terms and conditions of such
transaction at least 15 calendar days prior to the applicable record or effective date on which a person would need to hold Common Stock in order to participate in or vote with respect to such transaction, and the Company will take all steps
reasonably necessary in order to insure that the Holder is given the practical opportunity to exercise this Warrant prior to such time so as to participate in or vote with respect to such transaction; provided, however, that the
failure to deliver such notice or any defect therein shall not affect the validity of the corporate action required to be described in such notice. 

10. Payment of Exercise Price. The Holder shall pay the Exercise Price by (i) paying to the Company cash in immediately
available funds or (ii) providing a written notice to the Company that the Holder is exercising this Warrant on a “cashless exercise” basis by authorizing the Company to withhold from issuance a number of shares of Common Stock
issuable upon such exercise of this Warrant which, when multiplied by the Fair Market Value of the Common Stock on the date of exercise, is equal to the aggregate Exercise Price (and such withheld shares shall no longer be issuable under this
Warrant). 

 11. Fractional Shares. The Company shall not be required to issue or cause to be
issued fractional Warrant Shares on the exercise of this Warrant. If any fraction of a Warrant Share would, except for the provisions of this Section, be issuable upon exercise of this Warrant, the number of Warrant Shares to be issued will be
rounded up to the nearest whole share. 
 12. Notices. Any and all notices or other communications or deliveries
hereunder (including without limitation any Exercise Notice) shall be in writing and shall be deemed given and effective on the earliest of (i) the date of transmission, if such notice of communication is delivered via facsimile at the
facsimile number specified in this Section prior to 5:00 p.m. (New York City time) on a trading day, (ii) the next trading day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number
specified in this Section on a day that is not a trading day or later than 5:00 p.m. (New York City time) on any trading day, (iii) the trading day following the date of mailing, if sent by nationally recognized overnight courier service, or
(iv) upon actual receipt by the party to whom such notice is required to be given. The address for such notices or communications shall be as follows: 

If to the Company, to: 

Global Power Equipment Group Inc. 

6120 South Yale 

Suite 1480 

Tulsa, OK 74136 

Attention: Candice L. Cheeseman 

Fax: (918) 274-2367 

Email: ccheeseman@globalpower.com 

If to the Holder, to the address provided in the Backstop Agreement or to such other address provided to the Company in writing.

 13. Warrant Agent. The Company shall serve as warrant agent under this Warrant. Upon 30 days notice to the Holder, the
Company may appoint a new warrant agent. Any corporation into which the Company or any new warrant agent may be merged or any corporate resulting form any consolidation to which the Company or any new warrant agent shall be a party or any
corporation to which the Company or any new warrant agent transfers substantially all of its corporate trust or shareholders services business shall be a successor warrant agent under this Warrant without any further act. Any such successor warrant
agent shall promptly cause notice of its succession as warrant agent to be mailed (by first class mail, postage prepaid) to the Holder at the Holder’s last address as shown on the Warrant Register. 

 14. Loss, Theft or Destruction of Warrant. In the event that the Holder notifies the
Company that this Warrant has been lost, stolen or destroyed, then a replacement Warrant, identical in all respects to the original Warrant (except for any adjustment pursuant hereto to the Exercise Price or number of Warrant Shares issuable
hereunder, if different form the numbers shown on the original Warrant) shall be delivered to the Holder by the Company; provided, that the Holder executes and delivers to the Company an agreement reasonably satisfactory to the Company to
indemnify the Company from any loss incurred by the Company in connection with such Warrant. 
 15. Miscellaneous.

 (a) This Warrant may only be assigned by the Holder as provided in Section 3 herein. This Warrant may be amended
only in writing signed by the Company and the Holder. 
 (b) The Company will not, by amendment of its governing documents or
through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all
times in good faith assist in the carrying out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the Holder against impairment. Without limiting the generality of the
foregoing, the Company (i) will not increase the par value of any Warrant Shares above the amount payable therefore on such exercise, (ii) will take all such action as may be reasonably necessary or appropriate in order that the Company
may validly and legally issue fully paid and nonassessable Warrant Shares on the exercise of this Warrant, and (iii) will not close its shareholder books or records in any manner which interferes with the timely exercise of this Warrant.

 (c) GOVERNING LAW; VENUE; WAIVER OF JURY TRIAL. THE CORPORATE LAWS OF THE STATE OF DELAWARE SHALL GOVERN ALL ISSUES
CONCERNING THE RELATIVE RIGHTS OF THE COMPANY AND ITS STOCKHOLDERS. ALL QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, ENJORCEMENT AND INTERPRETATION OF THIS WARRANT SHALL BE GOVERED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK. EACH PARTY HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS SITTING IN THE CITY OF NEW YORK, BOROUGH OF MANHATTAN, FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR
WITH ANY TRANSACTION CONTEMPLATED HEREBY OR DISCUSSED HEREIN (INCLUDING WITH RESPECT TO THE ENFORCEMENT OF THE BACKSTOP AGREEMENT), AND HEREBY IRREVOCABLY WAIVES, AND AGREES NOT TO ASSERT IN ANY SUIT, ACTION OR PROCEEDING, ANY CLAIM THAT IT IS NOT
PERSONALLY SUBJECT TO THE JURISDICTION OF ANY SUCH COURT, THAT SUCH SUITE, ACTION OR PROCEEDING IS IMPROPER. EACH PARTY HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF PROCESS AND CONSENTS TO THE PROCESS BEING SERVED IN ANY SUCH SUITE, ACTION OR
PROCEEDING BY MAILING A COPY THEREOF VIA REGISTERED OR CERITIFIED MAIL OR OVERNIGHT DELIVERY (WITH EVIDENCE OF DELIVERY) TO SUCH PARTY AT THE ADDRESS IN EFFECT FOR NOTICES TO IT UNDER THIS WARRANT AND AGREES THAT SUCH SERVICE SHALL CONSITUTE GOOD
AND SUFFICIENT SERVICE OF PROCESS AND NOTICE THEREOF, NOTHING CONTAINED HEREIN SHALL BE DEEMED TO LIMIT IN ANY WAY ANY RIGHT TO SERVE PROCESS IN ANY MANNER PERMITTED BY LAW. THE COMPANY HEREBY WAIVES ALL RIGHTS TO A TRIAL BY JURY. 

 (d) The headings herein are for convenience only, do not constitute a part of this Warrant
and shall not be deemed to limit or affect any of the provisions hereof. 
 (e) In case any one or more of the provisions of
this Warrant shall be invalid or unenforceable in any respect, the validity and enforceability of the remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby and the parties will attempt in good faith to
agree upon the valid and enforceable provision which shall be a commercially reasonable suitable therefore, and upon so agreeing, shall incorporate such substitute provision in this Warrant. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK, 

SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by its
authorized officer as of the date first indicated above. 
  

			
	COMPANY
	
	GLOBAL POWER EQUIPMENT GROUP INC.
		
	By:	 	  

		 	Name:
		 	Title:

 FORM OF EXERCISE NOTICE 

(To be executed by the Holder to exercise the right to purchase shares of Common Stock under the foregoing Warrant) 

To: Global Power Equipment Group Inc. 
 The
undersigned is the Holder of Warrant No.              (the “Warrant”) issued by Global Power Equipment Group Inc., a Delaware corporation (the
“Company”). Capitalized terms used herein and not otherwise defined have the respective meanings set forth in the Warrant. 
  

	1.	The Warrant is currently exercisable to purchase a total of
                     Warrant Shares. 

  

	2.	The undersigned Holder hereby exercises its right to purchase
                     Warrant Shares pursuant to the Warrant. 

 

	3.	The holder shall pay the sum of $             to the Company or hereby Exercises the Warrant on a
“cashless exercise” basis in accordance with the terms of Section 10 of the Warrant. 

  

	4.	Pursuant to the exercise, the Company shall deliver to the holder Warrant Shares in accordance with the terms of the Warrant. 

 

	5.	Following this exercise, the Warrant shall be exercisable to purchase a total of
                     Warrant Shares. 

  

							
	Dated:             ,         	 		  	Name of Holder:
				
		 		  	(Print)	  	  

				
		 		  	By:	  	  

				
		 		  	Name:	  	  

				
		 		  	Title:	  	  

			
		 		  	(Signature must conform in all respects to name of Holder as specified on the face of the Warrant)

 FORM OF ASSIGNMENT 

[To be completed and signed only upon transfer of Warrant] 

FOR VALUE RECEIVED, the undersigned hereby sell, assigns and transfers unto
                                        
the right represented by the within Warrant to purchase                      shares of Common Stock of Global Power Equipment Group Inc. to
which the within Warrant relates and appoints                      attorney to transfer said right on the books of Global Power Equipment
Group Inc. with full power of substitution in the premises. 
  

			
	Dated:             ,         	 	
		
		 	  

		 	(Signature must conform in all respects to name of Holder as specified on the face of the Warrant)
		
		 	  

		 	Address of Transferee
		
		 	  

		
		 	  

		
	In the presence of:Management Incentive Co-Investment Plan

 Exhibit 10.8 

MANAGEMENT INCENTIVE CO-INVESTMENT PLAN 

OF GLOBAL POWER EQUIPMENT GROUP INC. (THE “INCENTIVE PLAN”) 

Objective 
 To reward
certain members of the senior management of Global Power Equipment Group Inc. (“Global Power”) and its subsidiaries (collectively with Global Power, the “Company”) for their commitment and maximum efforts to the Company during
its reorganization pursuant to chapter 11 of Title 11 of the United States Code, 11 U.S.C. §§ 101, et seq. (the “Bankruptcy Code”) and to incentivize their future efforts to grow the value of the Company upon its exit from
Bankruptcy. The Incentive Plan is not intended to be a capital-raising device, and all securities issued pursuant to the Incentive Plan are intended to be exempt from registration under Rule 701 of the Securities Act of 1933, as amended (the
“Securities Act”), as compensatory securities issued under a “bona fide” incentive compensation plan. 

Senior Management 

Senior management includes those employees designated by Global Power management whose efforts materially contributed to the Company’s exit from
Bankruptcy and whose efforts are anticipated to materially contribute to the future growth of the Company’s value (the “Identified Group”). 

Terms of the Incentive Plan - Participation/Eligibility 

Global Power management, in its discretion, will designate the members of the Identified Group. The Identified Group will consist of between seven
(7) and thirty (30) senior managers of the Company. Each member of the Identified Group will have the opportunity to participate in the Incentive Plan. 

Participation in the Incentive Plan is strictly voluntary, and no member of the Identified Group will be obligated to participate in the Incentive Plan.

 A member of the Identified Group that chooses to participate in the Incentive Plan (a “Participating Senior Manager”) will be
awarded one (1) share of Global Power common stock at no additional cost (such awarded shares, the “Incentive Shares”) for every two (2) shares of Global Power common stock purchased by that Participating Senior Manager pursuant
to the Incentive Plan (such purchased shares, the “MIP Shares”) at a per share price equal to the Applicable Share Price (as that term is defined in the Company’s Chapter 11 Plan of Reorganization). 

Global Power will issue up to a total number of shares of Global Power common stock pursuant to the Incentive Plan equal to the sum of (i) an amount
equal to $1,500,000 (the “MIP Amount”) divided by the Applicable Share Price (i.e., the MIP Shares), plus (ii) an amount equal to 50 percent of the amount determined under (i) (i.e., the Incentive Shares). 

Participation in the Incentive Plan is subject to the successful reorganization of the Company pursuant to the Bankruptcy Code. In the event that no such
reorganization occurs, then the Company shall have no liability, and Participating Senior Managers shall have no rights, under the Incentive Plan. 

 Subscription Rights 

Each member of the Identified Group will be given the right to subscribe for a portion of the MIP Amount in any amount not less than $5,000 and not in
excess of $200,000 (such amount selected by each Participating Senior Manager, the “Initial Subscription Amount”). In the event that the aggregate Initial Subscription Amount of all Participating Senior Managers equals or exceeds the MIP
Amount, the MIP Amount allocated to each Participating Senior Manager will be an amount determined separately for each Participating Senior Manager (the “Adjusted Subscription Amount”) equal to (i) the MIP Amount multiplied by
(ii) a fraction, the numerator of which is that Participating Senior Manager’s Initial Subscription Amount and the denominator of which is the aggregate Initial Subscription Amount of all Participating Senior Managers. 

The number of MIP Shares ultimately issued to each Participating Senior Manager will be that Participating Senior Manager’s Initial Subscription
Amount (or Adjusted Subscription Amount, if applicable), divided by the Applicable Share Price rounded down to the nearest even whole number. All MIP Shares purchased by a Participating Senior Manager are subject to all of the same terms contained
in this Incentive Plan, including the grant of one (1) Incentive Share to a Participating Senior Manager for every two (2) MIP Shares purchased by such Participating Senior Manager. 

Award Vesting 
 The MIP
Shares shall be fully vested upon issuance to a Participating Senior Manager. Except upon the death, Disability,1
 or Retirement
2 of a Participating Senior Manager (which will result in
immediate vesting), and except as provided below in the headings “Termination of Participating Senior Manager Prior to Vesting of the Incentive Shares” and “Change of Control,” all Incentive Shares shall vest on the third
anniversary of the date on which the Incentive Shares are granted (“Vesting Period”). The date on which Incentive Shares are granted is the date on which the Participating Senior Manager to whom the Incentive Shares are granted closes on
the acquisition of the MIP Shares that such Participating Senior Manager elects to subscribe for. 
 A Participating Senior Manager may not
sell, assign, transfer, pledge, mortgage, hypothecate, or otherwise dispose of or encumber the Incentive Shares at any time prior to their vesting. 

 

	1
	“Disability” shall mean the inability of a Participating Senior Manager to perform substantially all the duties of their employment position with the Company
or Subsidiary by reason of any medically determinable physical or mental impairment which is expected to be permanent and continues for more than 180 days. The Company may require such proof of Disability as the Company in its sole discretion deems
appropriate and the Company’s determination as to whether a Participating Senior Manager is disabled shall be conclusive, final, and binding on all parties concerned. 

	2
	“Retirement” shall mean the voluntary termination of a Participating Senior Manager’s full-time employment with the Company or Subsidiary on the date on
which such Participating Senior Manager becomes, or after attaining, 65 years of age. 

  

 2 

 Taxes 

Each Participating Senior Manager must acknowledge in writing the existence of U.S. federal, state and local income tax and employment tax withholding
obligations with respect to the Incentive Shares and agree that such requirements will be satisfied by the Participating Senior Manager. If required by applicable law, a Participating Senior Manager shall be required to pay such taxes, if any, to
the Company in cash upon the expiration of the Vesting Period (including any portion thereof) or such earlier dates as the Participating Senior Manager elects pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the
“Code”), or as of which the value of any Incentive Shares first becomes includible in the Participating Senior Manager’s gross income for income tax purposes. If tax withholding is required by applicable law, in no event shall
Incentive Shares be delivered to the Participating Senior Manager until all amounts due have been paid to the Company by the Participating Senior Manager in cash in the amount of such tax required to be withheld with respect to the Incentive Shares
or the Participating Senior Manager has otherwise entered into an agreement satisfactory to the Company providing for payment of withholding tax. In the event that the Participating Senior Manager elects immediate U.S. federal income taxation with
respect to all or any portion of the Incentive Shares pursuant to Section 83(b) of the Code, the Participating Senior Manager agrees to notify the Company thereof in writing within ten (10) days of such election. 

Termination of Participating Senior Manager Prior to Vesting of the Incentive Shares 

If a Participating Senior Manager voluntarily terminates employment with the Company for any reason or the Company terminates a Participating Senior
Manager for cause prior to the expiration of the Vesting Period, the Incentive Shares of such terminated Participating Senior Manager shall automatically be forfeited and shall revert to Global Power without any action required by the Participating
Senior Manager or the Company. Should the Company terminate a Participating Senior Manager without cause prior to the expiration of the Vesting Period, such Participating Senior Manager will immediately be fully vested in their Incentive Shares
under the same terms and conditions as if the Vesting Period expired. 
 Change of Control 

Upon a Change of Control of the Company, the Participating Senior Managers will immediately be fully vested in their Incentive Shares under the same
terms and conditions as if the Vesting Period expired. In addition, to the fullest extent possible, the Company shall seek to provide each Participating Senior Manager that desires to participate in the transaction constituting a Change of Control
tag along rights to participate in such transaction on similar terms upon a Change of Control of the Company. For purposes of the Incentive Plan, the term “Change of Control” shall mean any transaction that would constitute an
“ownership change” (as that term is defined in Section 382(g) of the Code) of Global Power, or a sale by the Company of substantially all of its assets. 
  

 3 

 Securities Law Restrictions For MIP Shares and Incentive Shares 

Any MIP Shares and Incentive Shares issued to a Participating Senior Manager pursuant to the Incentive Plan will not be registered under the Securities
Act, and such MIP Shares and Incentive Shares will be offered and sold to Participating Senior Managers pursuant to an exemption from the registration requirements of the Securities Act that is afforded by Rule 701 under the Securities Act. The MIP
Shares and the Incentive Shares may only be resold, transferred, assigned or hypothecated by a Participating Senior Manager (i) pursuant to an effective registration statement under the Securities Act, or (ii) pursuant to an exemption from
such registration afforded by the Securities Act, in which case such Participating Senior Manager shall deliver to the Company an opinion of counsel, or such other evidence satisfactory to the Company, that such exemption is available. Certificates
evidencing any MIP Shares or Incentive Shares will bear a legend substantially in the form set forth below: 
 “THE
SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL OR OTHER EVIDENCE SATISFACTORY TO THE COMPANY TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED.” 

Miscellaneous 
 Issuance
of the Incentive Shares shall not be considered wages, salaries or compensation under any other benefit plan of the Company. 

Additional Incentive Plan Provisions 

The Company shall direct the administration of the Incentive Plan. The Company shall have full power to amend, modify, rescind, construe and interpret
the Incentive Plan. Any action taken or decision made by the Company arising out of, or in connection with, the construction, administration, interpretation or effect of the Incentive Plan or of any rules and regulations adopted thereunder shall be
conclusive and binding upon all Participants and all persons claiming under or through a Participant. 
 No employee, officer, or director of
the Company shall have any liability for any decision or action if made or done in good faith, and the Company shall indemnify each director, employee, and officer of the Company acting in good faith pursuant to the Incentive Plan against any loss
or expense arising therefrom. 
 Nothing in the Incentive Plan shall be construed or interpreted as giving any employee the right to be employed
or retained by the Company or impair the right of the Company to control its employees or to terminate the services of any employee at any time. The Incentive Plan shall not create any rights of future participation herein. 

 

 4 

 The laws of the State of Delaware shall determine and govern the validity and construction of the Incentive
Plan in all respects. If any term or condition herein conflicts with applicable law, the validity of the remaining provisions shall not be affected thereby. 

No person eligible to receive any Incentive Shares shall have any rights to pledge, assign or otherwise dispose of all or any portion of such payments,
either directly or by operation of law, including but not by way of limitation, execution, levy, garnishment, attachment, pledge or bankruptcy. If a Participating Senior Manager is not living at the time Incentive Shares become vested in accordance
with the Incentive Plan, such Incentive Shares shall be deemed fully vested and owned by the beneficiaries designated by the Participating Senior Manager in a will or trust instrument, or if none, to the Participating Senior Manager’s heirs at
law. 
 The administrative expense of the Incentive Plan will be borne by the Company. 

Neither the establishment of the Incentive Plan nor the issuance of Incentive Shares hereunder shall be deemed to create a trust. The Incentive Plan
shall constitute an unfunded, unsecured liability of the Company to issue Incentive Shares in accordance with the provisions of the Incentive Plan, and no individual shall have any security or other interest in any assets of the Company in
connection with the Incentive Plan. 
 To the extent possible, Incentive Shares under the Incentive Plan are intended to fall within exceptions
to Section 409A of the Code, as amended, and applicable regulations and Treasury guidance with respect to such Section 409A. As a result, the provisions of the Incentive Plan shall be construed to effect such intent to the extent possible.

 Effective Date 

The Incentive Plan was approved by the Board of Directors of Global Power on December 4, 2007, and shall continue, as amended from time to time,
with respect to the Company’s performance through December 4, 2011. 
  

 5

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