Document:

COLUMBUS MCKINNON CORPORATION THRIFT 401(K) PLAN
                  AMENDMENT NO. 7 OF THE 1998 PLAN RESTATEMENT

        Columbus  McKinnon  Corporation  (the  "Corporation")  hereby amends the
Columbus McKinnon  Corporation  Thrift 401(K) Plan (the "Plan"),  as amended and
restated in its entirety  effective  January 1, 1998, and as further  amended by
Amendment  Nos.  1through 6, as permitted  under  Section  14.1 of the Plan,  as
follows:

1.      Section 3.2, entitled "Matching Contributions,  is amended effective May
1, 2003 by adding new Section 3.2(e) to read as follows:

        "(E) SUSPENSION OF MATCHING CONTRIBUTIONS.  NOTWITHSTANDING  ANYTHING TO
THE  CONTRARY IN THIS SECTION  3.2, NO MATCHING  CONTRIBUTIONS  SHALL BE MADE ON
ACCOUNT OF SALARY REDUCTION  CONTRIBUTIONS THAT ARE MADE WITH RESPECT TO PAYROLL
PERIODS   BEGINNING  ON  OR  AFTER  MAY  1,  2003  AND  BEFORE  APRIL  1,  2004.
NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS SECTION 3.2, BASE PAY EARNED BY
A  PARTICIPANT  ON AND AFTER MAY 1, 2003 AND  BEFORE  APRIL 1, 2004 SHALL NOT BE
TAKEN INTO ACCOUNT IN DETERMINING  THE MAXIMUM AMOUNT OF MATCHING  CONTRIBUTIONS
MADE ON BEHALF OF THE PARTICIPANT DURING ANY PLAN YEAR."

2.      Schedule D, entitled "Special Rules for Divested Employees" , is amended
effective March 31, 2003, by adding new Section SD.2 to read as follows:

SD.2    SALE OF STOCK OF LICO STEEL, INC.

        (A)     TRANSFER  OF  ACCOUNT  BALANCES  TO  NEW  PLAN.  NOTWITHSTANDING
SECTION  8.1  NOR ANY  OTHER  SECTION  OF THE  PLAN,  ALL  ACCOUNT  BALANCES  OF
PARTICIPANTS  ("TRANSFERRED EMPLOYEES") IN THE PLAN WHO CEASE TO BE EMPLOYEES IN
CONNECTION  WITH  THE  SALE OF  LICO  STEEL,  INC.  BY THE  CORPORATION  (OR ITS
AFFILIATE)  TO  LICO,  INC.  OR  ANOTHER  UNRELATED  ENTITY  ("BUYER")  SHALL BE
TRANSFERRED  FROM THE PLAN TO A NEW 401(K) PLAN (THE "NEW PLAN")  ESTABLISHED BY
THE BUYER BY MEANS OF A TRUSTEE-TO-TRUSTEE TRANSFER.

        (B)     TIME OF TRANSFER.  THE TRANSFER OF ACCOUNT BALANCES  PURSUANT TO
THIS SECTION SD.2 SHALL OCCUR ON THE DATE OF THE CLOSING OF THE SALE OF STOCK TO
THE BUYER OR SUCH LATER DATE AS SHALL BE DETERMINED BY THE  CORPORATION  BUT, IN
ALL EVENTS, AS SOON AS PRACTICABLE AFTER THE CLOSING.

        (C)     VESTING. TO THE EXTENT THAT A TRANSFERRED  EMPLOYEE IS NOT FULLY
VESTED IN HIS  ACCOUNT  BALANCE  AT THE TIME OF  TRANSFER  TO THE NEW PLAN,  HIS
VESTING STATUS SHALL BE DETERMINED UNDER THE PROVISIONS OF THE NEW PLAN.

        (D)     FORM  OF  TRANSFERRED  ASSETS.  ANY  PORTION  OF  A  TRANSFERRED
EMPLOYEE'S  ACCOUNT  BALANCE  COMPRISED OF LOAN(S) TO THE  TRANSFERRED  EMPLOYEE
SHALL BE TRANSFERRED TO THE NEW PLAN IN-KIND.  THE REMAINDER OF THE  TRANSFERRED

<PAGE>

                                Columbus McKinnon Corporation Thrift 401(k) Plan
                          Page 2 of Amendment No. 7 of the 1998 Plan Restatement

EMPLOYEE'S  ACCOUNT  BALANCE  SHALL BE  TRANSFERRED  IN CASH  AND/OR  IN-KIND AS
REQUESTED BY THE  ADMINISTRATOR  OF THE NEW PLAN BUT SUBJECT TO ANY RESTRICTIONS
ON TRANSFERS IN-KIND IMPOSED ON THE PLAN WITH RESPECT TO A GIVEN INVESTMENT."

        IN WITNESS WHEREOF,  this instrument of amendment has been executed by a
duly authorized officer of the Corporation this 13th day of April, 2003.

                                         COLUMBUS McKINNON CORPORATION

                                         By:   /S/ ROBERT L. MONTGOMERY
                                               -----------------------------

                                         Title:  EXECUTIVE VICE PRESIDENT
                                                 ---------------------------COLUMBUS MCKINNON CORPORATION THRIFT 401(K) PLAN
                  AMENDMENT NO. 9 OF THE 1998 PLAN RESTATEMENT

        Columbus  McKinnon  Corporation  (the  "Corporation")  hereby amends the
Columbus McKinnon  Corporation  Thrift 401(K) Plan (the "Plan"),  as amended and
restated in its entirety  effective  January 1, 1998, and as further  amended by
Amendment  Nos.  1through 8, as permitted  under  Section  14.1 of the Plan,  as
follows:

1.      Schedule D, entitled "Special Rules for Divested Employees" , is amended
effective February 1, 2004, by adding new Sections SD.3 to read as follows:

"SD.3   SALE OF POSITECH DIVISION

        (A)     TRANSFER  OF  ACCOUNT  BALANCES  TO  NEW  PLAN.  NOTWITHSTANDING
SECTION  8.1  NOR ANY  OTHER  SECTION  OF THE  PLAN,  ALL  ACCOUNT  BALANCES  OF
PARTICIPANTS  ("POSITECH  TRANSFERRED  EMPLOYEES")  IN THE PLAN WHO  CEASE TO BE
EMPLOYEES  IN  CONNECTION  WITH  THE  SALE BY THE  CORPORATION  OF ITS  POSITECH
DIVISION  TO  AMERICAN  HANDLING  SYSTEMS,  INC.  OR  ANOTHER  UNRELATED  ENTITY
("BUYER")  SHALL BE  TRANSFERRED  FROM THE PLAN TO A NEW  401(K)  PLAN (THE "NEW
PLAN") ESTABLISHED BY THE BUYER BY MEANS OF A TRUSTEE-TO-TRUSTEE TRANSFER.

        (B)     TIME OF TRANSFER.  THE TRANSFER OF ACCOUNT BALANCES  PURSUANT TO
THIS  SECTION  SD.3 SHALL OCCUR ON THE DATE OF THE CLOSING OF THE SALE OF ASSETS
TO THE BUYER OR SUCH LATER DATE AS SHALL BE DETERMINED BY THE  CORPORATION  BUT,
IN ALL EVENTS, AS SOON AS PRACTICABLE AFTER THE CLOSING.

        (C)     VESTING. TO THE EXTENT THAT A POSITECH  TRANSFERRED  EMPLOYEE IS
NOT FULLY VESTED IN HIS ACCOUNT BALANCE AT THE TIME OF TRANSFER TO THE NEW PLAN,
HIS VESTING STATUS SHALL BE DETERMINED UNDER THE PROVISIONS OF THE NEW PLAN.

        (D)     FORM  OF   TRANSFERRED   ASSETS.   ANY  PORTION  OF  A  POSITECH
TRANSFERRED  EMPLOYEE'S  ACCOUNT  BALANCE  COMPRISED  OF LOAN(S) TO THE POSITECH
TRANSFERRED EMPLOYEE SHALL BE TRANSFERRED TO THE NEW PLAN IN-KIND. THE REMAINDER
OF THE POSITECH  TRANSFERRED  EMPLOYEE'S ACCOUNT BALANCE SHALL BE TRANSFERRED IN
CASH  AND/OR  IN-KIND  AS  REQUESTED  BY THE  ADMINISTRATOR  OF THE NEW PLAN BUT
SUBJECT  TO ANY  RESTRICTIONS  ON  TRANSFERS  IN-KIND  IMPOSED  ON THE PLAN WITH
RESPECT TO A GIVEN INVESTMENT."

2.      Schedule D, entitled "Special Rules for Divested Employees" , is amended
effective February 26, 2004, by adding new Sections SD.4 to read as follows:

"SD.1   SALE OF LISTER CHAIN & FORGE DIVISION

        (A)     TRANSFER  OF  ACCOUNT  BALANCES  TO  NEW  PLAN.  NOTWITHSTANDING
SECTION  8.1  NOR ANY  OTHER  SECTION  OF THE  PLAN,  ALL  ACCOUNT  BALANCES  OF
PARTICIPANTS  ("LISTER  TRANSFERRED  EMPLOYEES")  IN THE  PLAN  WHO  CEASE TO BE
EMPLOYEES IN CONNECTION  WITH THE SALE BY THE  CORPORATION OF ITS LISTER CHAIN &
FORGE DIVISION TO AN UNRELATED  ENTITY  ("BUYER") SHALL BE TRANSFERRED  FROM THE
PLAN TO A NEW 401(K) PLAN (THE "NEW PLAN")  ESTABLISHED BY THE BUYER BY MEANS OF
A TRUSTEE-TO-TRUSTEE TRANSFER.

<PAGE>

                                Columbus McKinnon Corporation Thrift 401(k) Plan
                          Page 2 of Amendment No. 9 of the 1998 Plan Restatement

        (B)     TIME OF TRANSFER.  THE TRANSFER OF ACCOUNT BALANCES  PURSUANT TO
THIS  SECTION  SD.4 SHALL OCCUR ON THE DATE OF THE CLOSING OF THE SALE OF ASSETS
TO THE BUYER OR SUCH LATER DATE AS SHALL BE DETERMINED BY THE  CORPORATION  BUT,
IN ALL EVENTS, AS SOON AS PRACTICABLE AFTER THE CLOSING.

        (C)     VESTING. TO THE EXTENT THAT A LISTER TRANSFERRED EMPLOYEE IS NOT
FULLY VESTED IN HIS ACCOUNT BALANCE AT THE TIME OF TRANSFER TO THE NEW PLAN, HIS
VESTING STATUS SHALL BE DETERMINED UNDER THE PROVISIONS OF THE NEW PLAN.

        (D)     FORM OF TRANSFERRED  ASSETS. ANY PORTION OF A LISTER TRANSFERRED
EMPLOYEE'S  ACCOUNT  BALANCE  COMPRISED  OF LOAN(S)  TO THE  LISTER  TRANSFERRED
EMPLOYEE  SHALL BE  TRANSFERRED  TO THE NEW PLAN  IN-KIND.  THE REMAINDER OF THE
LISTER  TRANSFERRED  EMPLOYEE'S  ACCOUNT  BALANCE SHALL BE  TRANSFERRED  IN CASH
AND/OR IN-KIND AS REQUESTED BY THE  ADMINISTRATOR OF THE NEW PLAN BUT SUBJECT TO
ANY  RESTRICTIONS  ON  TRANSFERS  IN-KIND  IMPOSED ON THE PLAN WITH RESPECT TO A
GIVEN INVESTMENT."

        IN WITNESS WHEREOF,  this instrument of amendment has been executed by a
duly authorized officer of the Corporation this 16th day of March, 2004.

                                         COLUMBUS McKINNON CORPORATION

                                         By:    /S/ ROBERT L.MONTGOMERY
                                                ---------------------------

                                         Title: EXECUTIVE VICE PRESIDENT
                                                ---------------------------COLUMBUS MCKINNON CORPORATION
                         MONTHLY RETIREMENT BENEFIT PLAN

              PROPOSED AMENDMENT NO. 5 OF THE 1998 PLAN RESTATEMENT
                             IRS TECHNICAL AMENDMENT

                Columbus McKinnon  Corporation (the "Company") hereby amends the
Columbus McKinnon  Corporation  Monthly Retirement Benefit Plan (the "Plan"), as
amended and restated in its  entirety  effective  April 1, 1998,  and as further
amended by Amendment Nos. 1, 2, 3 and 4, as permitted  under Section 10.1 of the
Plan, as follows:

1.      Section  1.22,  entitled  "Highly  Compensated  Employee",   is  amended
effective the first day of the first plan year beginning after December 31, 1996
by changing Section 1.22(a)(2)(B) to read as follows:

        "(B)    IF THE  CORPORATION  ELECTS BY PLAN AMENDMENT THE APPLICATION OF
THIS CLAUSE  1.22(A)(1)(B)  FOR THE PRECEDING YEAR, WAS IN THE TOP-PAID GROUP OF
EMPLOYEES  FOR SUCH  PRECEDING  YEAR.  FOR THIS  PURPOSE,  AN EMPLOYEE IS IN THE
TOP-PAID  GROUP  OF  EMPLOYEES  FOR  ANY  YEAR  IF THE  EMPLOYEE  IS IN A  GROUP
CONSISTING  OF THE TOP 20 PERCENT OF THE  EMPLOYEES  WHEN RANKED ON THE BASIS OF
COMPENSATION PAID DURING SUCH YEAR."

2.      Section  1.22,  entitled  "Highly  Compensated  Employee",   is  amended
effective April 1, 1998 by changing Section 1.22(c) to read as follows:

"(C)    MEANING OF  "COMPENSATION".  FOR THE PURPOSE OF THIS SECTION  1.22,  THE
TERM  "COMPENSATION"  MEANS COMPENSATION WITHIN THE MEANING OF SECTION 415(C)(3)
OF THE CODE AND SECTION  11.1(G) OF THE PLAN.  FOR PLAN YEARS  BEGINNING  BEFORE
APRIL 1, 1998, THE DETERMINATION OF "COMPENSATION"  SHALL BE MADE WITHOUT REGARD
TO SECTIONS 125,  402(E)(3),  AND  402(H)(1)(B)  OF THE CODE AND, IN THE CASE OF
EMPLOYER  CONTRIBUTIONS MADE PURSUANT TO A SALARY REDUCTION  AGREEMENT,  WITHOUT
REGARD TO SECTION 403(B) OF THE CODE. FOR PLAN YEARS  BEGINNING  BEFORE APRIL 1,
2001,  THE  DETERMINATION  OF  "COMPENSATION"  SHALL BE MADE  WITHOUT  REGARD TO
SECTION 132(F)(4) OF THE CODE. "

3.      Section 11.1,  entitled  "Definitions and Rules of  Interpretation",  is
amended effective April 1, 1998 by changing Section 11.1(g) to read as follows:

        "(g)    "SECTION  415  COMPENSATION"  MEANS WITH RESPECT TO A LIMITATION
YEAR,  "PARTICIPANT'S  COMPENSATION" AS DEFINED UNDER CODE SECTION 415(C)(3) AND
TREASURY  REGULATION  SS.1.415-2(D)(11)(I)   THEREUNDER.  FOR  LIMITATION  YEARS
BEGINNING  BEFORE APRIL 1, 1998, THE  DETERMINATION OF  "COMPENSATION"  SHALL BE
MADE WITHOUT REGARD TO SECTIONS 125,  402(E)(3),  AND  402(H)(1)(B)  OF THE CODE
AND, IN THE CASE OF EMPLOYER  CONTRIBUTIONS  MADE PURSUANT TO A SALARY REDUCTION
AGREEMENT,  WITHOUT REGARD TO SECTION  403(B) OF THE CODE. FOR LIMITATION  YEARS
BEGINNING  BEFORE APRIL 1, 2001, THE  DETERMINATION OF  "COMPENSATION"  SHALL BE
MADE  WITHOUT  REGARD TO  SECTION  132(F)(4)  OF THE CODE.  IN NO EVENT  SHALL A
PARTICIPANT'S  SECTION  415 COMPENSATION  FOR A LIMITATION YEAR  BEGINNING ON OR

<PAGE>

                   Columbus McKinnon Corporation Monthly Retirement Benefit Plan
                              Page 2 of Amendment No. 5 of 1998 Plan Restatement

AFTER APRIL 1, 1989 EXCEED THE  APPLICABLE  CODE  SECTION  401(A)(17)  LIMIT SET
FORTH IN THE DEFINITION OF "EARNINGS" UNDER SECTION 1.15(B)."

4.      Section 12.2, entitled "Definitions", is amended effective April 1, 1998
by changing Section 12.2(j) to read as follows:

        "(J)    "SECTION 416 COMPENSATION" MEANS "PARTICIPANT'S COMPENSATION" AS
DEFINED    UNDER   CODE    SECTION    415(C)(3)    AND    TREASURY    REGULATION
SS.1.415-2(D)(11)(I)  THEREUNDER  OR SUCH OTHER  DEFINITION  AS MAY BE  REQUIRED
UNDER CODE  SECTION  416. FOR PLAN YEARS  BEGINNING  BEFORE  APRIL 1, 1998,  THE
DETERMINATION  OF  "COMPENSATION"  SHALL BE MADE WITHOUT REGARD TO SECTIONS 125,
402(E)(3),   AND  402(H)(1)(B)  OF  THE  CODE  AND,  IN  THE  CASE  OF  EMPLOYER
CONTRIBUTIONS MADE PURSUANT TO A SALARY REDUCTION  AGREEMENT,  WITHOUT REGARD TO
SECTION 403(B) OF THE CODE. FOR PLAN YEARS  BEGINNING  BEFORE APRIL 1, 2001, THE
DETERMINATION  OF  "COMPENSATION"  SHALL  BE  MADE  WITHOUT  REGARD  TO  SECTION
132(F)(4) OF THE CODE."

5.      Section 12.5,  entitled  "Application  of Top-Heavy  Rules",  is amended
effective April 1, 1998 by changing Section 12.5(c) to read as follows:

        "(C)    LIMITATION  ON  BENEFITS.  THE  DOLLAR  LIMITATIONS  TAKEN  INTO
ACCOUNT UNDER CODE SECTION 415(E) IN COMPUTING THE DEFINED BENEFIT PLAN FRACTION
AND THE DEFINED CONTRIBUTION PLAN FRACTION SHALL BE ADJUSTED AS PROVIDED IN CODE
SECTION 416(H). THIS SECTION 12.5(C) SHALL NOT APPLY FOR PLAN YEARS BEGINNING ON
OR AFTER APRIL 1, 2000."

        IN WITNESS WHEREOF,  this instrument of amendment has been executed by a
duly authorize officer of the Corporation this 28th day of February, 2004, to be
effective as of the dates recited herein.

                                           COLUMBUS McKINNON CORPORATION

                                           By:  /S/ ROBERT L. MONTGOMERY
                                                -----------------------------

                                           Title:  EXECUTIVE VICE PRESIDENT
                                                   --------------------------

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