Document:

EX-4.1

 Exhibit 4.1 

CITIBANK CREDIT CARD ISSUANCE TRUST 

Citiseries 
 Class 2018-A1 Notes 
 Issuer Certificate 

Pursuant to Sections 202 and 301(h) of the Indenture 

Reference is made to the Second Amended and Restated Indenture dated as of September 26, 2000, as amended and restated as of
August 9, 2011, and as further amended and restated as of November 10, 2016, between Citibank Credit Card Issuance Trust (the “Issuer”) and Deutsche Bank Trust Company Americas, as trustee (as so further amended and restated, the
“Indenture”). Capitalized terms used herein that are not otherwise defined have the meanings set forth in the Indenture. All references herein to designated Sections are to the designated Sections of the Indenture. 

Section 301(h) provides that the Issuer may from time to time create a tranche of Notes either by or pursuant to an Issuer Certificate
setting forth the principal terms thereof. Pursuant to this Issuer Certificate, there is hereby created a tranche of Notes having the following terms: 

Series Designation: Citiseries. This series is included in Group 1. 

Tranche Designation: $1,800,000,000 2.49% Class 2018-A1 Notes of January 2021 (Legal Maturity Date January
2023) (hereinafter, the “Class 2018-A1 Notes”) 
 Currency: The
Class 2018-A1 Notes will be payable, and denominated, in Dollars. 
 Denominations: The Class 2018-A1 Notes will be issuable in minimum denominations of $100,000 and multiples of $1,000 in excess of that amount. 

Issuance Date: January 31, 2018 
 Initial
Principal Amount: $1,800,000,000 
 Issue Price: 99.98616% 

Interest Rate: 2.49% per annum, calculated on the basis of a 360 day year of twelve 30 day months. 

Scheduled Interest Payment Dates: The 20th day of each January and July, beginning July 20, 2018. 

Each payment of interest on the Class 2018-A1 Notes will include all interest accrued from and including the
preceding Interest Payment Date — or, for the first interest period, from and including the Issuance Date — to and including the day preceding the current Interest Payment Date, plus any interest accrued but not previously paid. 

 The first deposit targeted to be made to the Interest Funding sub-Account
for the Class 2018-A1 Notes will be on the March 20, 2018 Interest Deposit Date and in an amount equal to $6,225,000. 

Expected Principal Payment Date: January 20, 2021 

Legal Maturity Date: January 20, 2023 
 Monthly
Principal Date: For the month in which the Expected Principal Payment Date occurs, January 20, 2021, and for each other month, the 20th day of such month, or if such day is not a Business Day, the next following Business Day. 

Required Subordinated Amount of Class B Notes: $107,692,380.00 

Required Subordinated Amount of Class C Notes: $143,589,780.00 

Controlled Accumulation Amount: $150,000,000.00 
 Form
of Notes: The Class 2018-A1 Notes will be issued as Global Notes. The Global Notes will initially be registered in the name of Cede & Co., as nominee of The Depository Trust Company, and will
be exchangeable for individual Notes only in accordance with the provisions of Section 204(c). 
 Additional Issuances of Class 2018-A1 Notes: The Issuer may at any time and from time to time issue additional Class 2018-A1 Notes, subject to the satisfaction of (i) the conditions
precedent set forth in Section 311(a) and (ii) the following conditions: 
  

	 	(a)	The Issuer has obtained written confirmation from each Rating Agency that there will be no Ratings Effect with respect to the then outstanding Class 2018-A1 Notes as a result
of the issuance of such additional Class 2018-A1 Notes; 

  

	 	(b)	As of the date of issuance of the additional Class 2018-A1 Notes, all amounts due and owing to the Holders of the then outstanding
Class 2018-A1 Notes have been paid and there is no Nominal Liquidation Amount Deficit with respect to the then outstanding Class 2018-A1 Notes;

  

	 	(c)	The additional Class 2018-A1 Notes will be fungible with the original Class 2018-A1 Notes for federal income tax purposes;

  

	 	(d)	If Holders of the then outstanding Class 2018-A1 Notes have the benefit of a Derivative Agreement, the Issuer will have obtained a Derivative Agreement for the benefit of the
Holders of the additional Class 2018-A1 Notes; and 

  

	 	(e)	The ratio of the Controlled Accumulation Amount to the Initial Dollar Principal Amount of the Class 2018-A1 Notes, including the additional
Class 2018-A1 Notes, will be equal to the ratio of the Controlled Accumulation Amount (before giving effect to the additional issuance) to the Initial Dollar Principal Amount of the Class 2018-A1 Notes, excluding the additional Class 2018-A1 Notes. 

  
 2 

 As of the date of issuance of additional Class 2018-A1 Notes, the
Outstanding Dollar Principal Amount and Nominal Liquidation Amount of the Class 2018-A1 Notes will be increased to reflect the Initial Dollar Principal Amount of the additional Class 2018-A1 Notes. 
 Any outstanding Class 2018-A1 Notes and any
additional Class 2018-A1 Notes will be equally and ratably entitled to the benefits of the Indenture without preference, priority or distinction. 

Optional Redemption Provisions other than Section 1202 “Clean-Up Call”: None 

Additional Early Redemption Events or changes to Early Redemption Events: None 

Additional Events of Default or changes to Events of Default: None 

Business Day: means any day other than (a) a Saturday or Sunday or (b) any other day on which national banking associations or state banking
institutions in New York, New York or South Dakota, or any other state in which the principal executive offices of any Additional Seller are located, are authorized or obligated by law, executive order or governmental decree to be closed. 

Securities Exchange Listing: None 

  
 3 

 The Class 2018-A1 Notes shall have such other terms
as are set forth in the form of Note attached hereto as Exhibit A. Pursuant to Section 202, the form of Note attached hereto has been approved by the Issuer. 

 

	
	CITIBANK CREDIT CARD ISSUANCE TRUST
	By     Citibank, N.A.,
	          as Managing Beneficiary
	
	 /s/ Bennett L. Kyte

	Bennett L. Kyte
	Vice President

 Dated: January 31, 2018 

  
 4 

 Citiseries 

Class 2018-A1 Notes 

Reference is made to the resolutions adopted by the Board of Directors of Citibank, N.A. on January 18, 2018. The resolutions authorize
Citibank, N.A. from time to time to issue and sell, or to arrange for or participate in the issuance and sale of, one or more series and/or classes of pass-through certificates, participation certificates, commercial paper, notes, bonds or other
securities representing ownership interests in, or backed or secured by, pools of credit card receivables or interests therein (the “Receivables”) in an aggregate principal amount such that up to $45,000,000,000 of such certificates,
commercial paper, notes, bonds or other securities are outstanding at any one time and to sell, transfer, convey, assign or pledge or grant a security interest in all or any portion of its Receivables to Citibank Credit Card Master Trust I, Citibank
Omni Trust or any direct or indirect subsidiaries of Citibank, N.A., affiliates of Citigroup Inc., additional trusts or other entities or trustees in connection therewith on such terms as to be determined by the Citibank, N.A. Securitization Pricing
and Loan Committee (the “Pricing and Loan Committee”). 
 The undersigned, a duly authorized member of the Pricing and Loan
Committee, on behalf of such Pricing and Loan Committee, does hereby certify that the preceding Issuer Certificate, the terms of the tranche of Notes set forth in and to be created by the Issuer Certificate and the increase in the Invested Amount of
the Collateral Certificate resulting from the issuance of such Notes have been approved by such Pricing and Loan Committee. In addition, the following underwriting/selling agent terms with respect to this tranche of Notes have been approved by the
Pricing and Loan Committee: 
 Issue Price: 99.98616% 

Underwriting Commission: 0.25000% 

Proceeds to Issuer: 99.73616% 

Representative of the Underwriters: Citigroup Global Markets Inc. 

The preceding Issuer Certificate and this certification of Pricing and Loan Committee approval shall be, continuously from the time of their
execution, official records of Citibank, N.A. 
  

	
	 /s/ Bennett L. Kyte

	Bennett L. Kyte

 Member of the Securitization Pricing and Loan Committee 

	
	Citibank, N.A.

 Dated: January 31, 2018 

  
 5 

 Exhibit A 

FORM OF 
 CITISERIES 

2.49% CLASS 2018-A1 NOTES OF JANUARY 2021 

(Legal Maturity Date January 2023) 
  

							
	$[ ],000,000	 		 		  	REGISTERED
	CUSIP No. 17305E GK5	 		 		  	 No. R-

[1][2][3][4]

 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE 

DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE 

ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR 

PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. 

OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED 

REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO 

SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE 

OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR 

OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE 

REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN AND IN THE 

INDENTURE REFERRED TO BELOW. ACCORDINGLY, THE OUTSTANDING 

PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE 

AMOUNT SHOWN ON THE FACE HEREOF. 

CITIBANK CREDIT CARD ISSUANCE TRUST 

CITISERIES 
 2.49% CLASS 2018-A1 NOTES OF JANUARY 2021 
 (Legal Maturity Date January 2023) 

CITIBANK CREDIT CARD ISSUANCE TRUST, a trust formed and existing under the laws of the State of Delaware (including any successor, the “Issuer”),
for value received, hereby promises to pay to CEDE & CO., or its registered assigns, the principal amount of [                ] HUNDRED MILLION DOLLARS
($[    ],000,000). The Expected Principal Payment Date for this Note is January 20, 2021. The Legal Maturity Date for this Note is January 20, 2023. 

The Issuer hereby promises to pay interest on this Note on the 20th day of each January and July, beginning July 2018, until the principal of this Note is
paid or made available for payment, subject to certain limitations set forth in the Indenture. Interest will accrue on the outstanding principal amount of this Note for each interest period in an amount equal to the product of (i) the number of
days in the interest period computed on the basis of a 360-day year of twelve 30-day 

 
months, (ii) a rate per annum equal to the Class 2018-A1 Note Rate for such interest period, and (iii) the outstanding principal amount of
this Note as of the preceding Interest Payment Date (after giving effect to any payments of principal made on the preceding Interest Payment Date) or, with respect to the first Interest Payment Date, the initial principal amount of this Note. The Class 2018-A1 Note Rate will be determined as provided in the Indenture. 
 If any Interest Payment Date or Principal
Payment Date of this Note falls on a day that is not a Business Day, the required payment of interest or principal will be made on the following Business Day. 

This Note is one of the Citiseries, Class 2018-A1 Notes issued pursuant to the Second Amended and Restated
Indenture dated as of September 26, 2000, as amended and restated as of August 9, 2011, and as further amended and restated as of November 10, 2016 (as so further amended and restated and otherwise modified from time to time, the
“Indenture”), between the Issuer and Deutsche Bank Trust Company Americas, as Trustee. For purposes of this Note, the term “Indenture” includes any supplemental indenture or Issuer Certificate relating to the Citiseries, Class 2018-A1 Notes. This Note is subject to all of the terms of the Indenture. All terms used in this Note that are not otherwise defined herein and that are defined in the Indenture will have the meanings
assigned to them therein. 
 The principal of and interest on this Note are payable in such coin or currency of the United States of America as at the time
of payment is legal tender for payment of public and private debts. 
 Reference is made to the further provisions of this Note set forth on the reverse
hereof, which will have the same effect as though fully set forth on the face of this Note. 
 Unless the certificate of authentication hereon has been
executed by the Trustee whose name appears below by manual signature, this Note will not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed, manually or in facsimile, by an Issuer
Authorized Officer. 
  

			
	CITIBANK CREDIT CARD ISSUANCE TRUST
		
	By:	 	CITIBANK, N.A.,
		 	as Managing Beneficiary of
		 	Citibank Credit Card Issuance Trust
		
		 	By: ________________________________
		 	                Bennett L. Kyte
		 	                Vice President

 Dated: January 31, 2018 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes designated above and referred to in the within mentioned Indenture. 

 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee under the Indenture
		
	By:	 	_________________________________
		 	            Authorized Signatory

 Dated: January 31, 2018 

 REVERSE OF NOTE 

This Note is one of a duly authorized issue of Notes of the Issuer, designated as its Citiseries 2.49%
Class 2018-A1 Notes of January 2021 (Legal Maturity Date January 2023) (herein called the “Notes”), all issued under an Indenture, to which Indenture reference is hereby made for a statement of
the respective rights and obligations thereunder of the Issuer, the Trustee and the Holders of the Notes. 
 This Note ranks pari passu with all other
Class A Notes of the same series, as set forth in the Indenture. This Note is secured to the extent, and by the collateral, described in the Indenture. 

The Issuer will pay interest on overdue interest as set forth in the Indenture to the extent lawful. 

Each Holder by acceptance of this Note, and each owner of a beneficial interest in this Note by acceptance of a beneficial interest in this Note, agrees that
no recourse may be taken, directly or indirectly, with respect to the obligations of the Issuer or the Trustee on the Notes, against the Issuer, the Issuer Trustee, Citibank, N.A., the Trustee or any affiliate, officer, employee or director of any
of them, and the obligation of the Issuer to pay principal of or interest on this Note or any other amount payable to the Holder of this Note will be subject to Article V of the Indenture. 

Each Holder by acceptance of this Note, and each owner of a beneficial interest in this Note by acceptance of a beneficial interest in this Note, in each case
other than Citibank, N.A. as Holder or owner, agrees that this Note is intended to be debt of Citibank, N.A. for federal, state and local income and franchise tax purposes, and agrees to treat this Note accordingly for all such purposes, unless
otherwise required by a taxing authority. 
 Each Holder by acceptance of this Note, and each owner of a beneficial interest in this Note by acceptance of a
beneficial interest in this Note, agrees that it will not at any time institute against the Issuer, or join in any institution against the Issuer of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other
proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to this Note, the Indenture or any Derivative Agreement. 

This Note and the Indenture will be construed in accordance with and governed by the laws of the State of New York. 

Certain amendments may be made to the Indenture without the consent of the Holder of this Note. This Note must be surrendered for final payment of principal
and interest. 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee:____________________ 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 
  

                       
                                         
                                         
                                         
                                         
  
  

                       
                                         
                                         
                                         
                                         
  
 (name and address of assignee) 

the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints __________________________________________________________,
attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 
  

									
	Dated:	 	  
	  		  	  
	 	*
		 		  		  	Signature Guaranteed:	 	

  
  

	*	NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on the face of the within Note in every particular without alteration, enlargement or any change whatsoever.glpw_Ex10-1

		
			Exhibit 10.1
		

		
			SECOND LIMITED WAIVER AND
THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT
		

		
			This SECOND LIMITED WAIVER AND THIRD AMENDMENT TO SENIOR SECURED CREDIT AGREEMENT, dated as of January 9, 2018 (this “Waiver and Third Amendment”), is entered into by and among Global Power Equipment Group Inc. (“Borrower”), each financial institution from time to time party hereto as lender (each, a “Lender” and collectively, the “Lenders”), and CENTRE LANE PARTNERS MASTER CREDIT FUND II, L.P., a Delaware limited partnership, as administrative agent for the Lenders (in such capacity, and together with its successors and assigns, the “Administrative Agent”) and as collateral agent for the Lenders (in such capacity, and together with its successors and assigns, the “Collateral Agent”).
		

		
			RECITALS
		

		
			WHEREAS, the Borrower, the Lenders identified on signatures pages thereto, the Administrative Agent and the Collateral Agent are parties to that certain Senior Secured Credit Agreement, dated as of June 16, 2017, as amended by that certain First Amendment to Senior Secured Credit Agreement, dated as of August 17, 2017, and that certain Limited Waiver and Second Amendment to Senior Secured Credit Agreement, dated as of October 11, 2017 (the “Existing Credit Agreement”; the Existing Credit Agreement, as amended by this Waiver and Third Amendment, the “Credit Agreement”);
		

		
			WHEREAS, in accordance with Section 7.05(j) of the Existing Credit Agreement, on or about October 26, 2017, Braden Manufacturing, S.A. de C.V. has Disposed of a manufacturing facility located in Mexico (collectively, the “Braden Sale”);
		

		
			WHEREAS, pursuant to Section 2.02(b)(ii) of the Existing Credit Agreement, the Borrower is required to prepay an aggregate amount of the Obligations equal to 100% of the Net Cash Proceeds realized or received by the Borrower or any of its Subsidiaries in connection with the Disposition of any property plus the Prepayment Premium (collectively, the “Required Prepayment”), as promptly as reasonably practicable, but in any event, prior to the date which is five (5) Business Days after the receipt of such Net Cash Proceeds;
		

		
			WHEREAS, on or about August 15, 2017, the Borrower authorized the dissolution of Braden Construction Services, Inc. and thereafter filed a Certificate of Dissolution with the Delaware Secretary of State on or about September 5, 2017 (the “Dissolution”), in violation of Section 7.04 of the Existing Credit Agreement;
		

		
			WHEREAS, the Borrower has requested that the Lenders agree to (i) partially waive the Required Prepayment due in connection with the Braden Sale and accept a prepayment equal to $1,900,000 in the aggregate (such amount, the “Prepayment Amount”) and (ii) waive the Event of Default under Section 8.01(b) of the Existing Credit Agreement caused by the Dissolution (the “Dissolution Event of Default”);
		

		
			WHEREAS, the Borrower has requested that the Lenders agree to amend the Existing Credit Agreement to delete the Financial Covenant set forth in Section 7.12(b) of the Existing Credit 

		 

 

Agreement for the Fiscal Quarters ending on September 30, 2018 and December 31, 2018 (collectively, the “Specified Financial Covenant”); and
		

		
			WHEREAS, the Lenders are willing to (i) consent to the prepayment of the Loans in the amount of the Prepayment Amount, (ii) waive any Defaults and/or Events of Default that may arise as a result of the failure to pay the full Required Prepayment, (iii) waive the Dissolution Event of Default and (iv) amend the Existing Credit Agreement to delete the Specified Financial Covenant, in each case subject to the terms and conditions of this Waiver and Third Amendment.
		

		
			NOW THEREFORE, in consideration of the premises and the mutual covenants and the agreements herein set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:
		

		
			ARTICLE I
Definitions
		

		
			Section 1.1. Certain Definitions. Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement.
		

		
			ARTICLE II
Consent and Waiver
		

		
			Section 2.1. Mandatory Prepayment. Subject to satisfaction of the conditions set forth in Article V hereof, and in reliance upon (i) the representations and warranties of the Loan Parties set forth herein and in the Credit Agreement and the other Loan Documents and (ii) the agreements of the Loan Parties set forth herein, effective as of the date hereof, the Lenders (1) consent to the prepayment of the Prepayment Amount in satisfaction of the requirement to prepay the Loans in connection with the consummation of the Braden Sale pursuant to Section 2.02(b)(iii), (2) waive prepayment of Loans in the amount of the remainder of the Net Cash Proceeds received from the Braden Sale, which Net Cash Proceeds shall be used by the Borrower for working capital purposes, (3) waive any Default and/or Event of Default arising from the foregoing and (4) waive the Dissolution Event of Default. The Prepayment Amount shall be applied in accordance with Section 2.02(b)(vii) of the Credit Agreement. The Lenders acknowledge that the Prepayment Amount was paid by the Borrower on or about October 31, 2017 and was applied in accordance with Section 2.02(b)(vii) of the Credit Agreement.
		

		
			Section 2.2. General. Nothing in this Waiver and Third Amendment, nor any communications among any Loan Party, any Agent, or any Lender, shall be deemed a waiver with respect to any Events of Default, other than (a) the Event of Default that would otherwise result from the failure to pay the Required Prepayment in full and (b) the Dissolution Event of Default, or any future failure of the Loan Parties to comply fully with any provision of the Credit Agreement or any provision of any other Loan Document, and in no event shall this waiver be deemed to be a waiver of enforcement of any of the Agents’ or Lenders’ rights or remedies under the Credit Agreement and the other Loan Documents, at law (including under the UCC), in equity, or otherwise including, without limitation, the right to declare all Obligations immediately due and payable pursuant to Section 8.02 of the Credit Agreement, with respect to any other Defaults or Events of Default now existing or 

		 

		

			2

		

 

hereafter arising. Except as expressly provided herein, each Agent and each Lender hereby reserves and preserves all of its rights and remedies against the Borrower and each other Loan Party under the Credit Agreement and the other Loan Documents, at law (including under the UCC), in equity, or otherwise including, without limitation, the right to declare all Obligations immediately due and payable pursuant to Section 8.02 of the Credit Agreement. The waivers and consents in this Article II shall be effective only in this specific instance and for the specific purposes set forth herein and does not allow for any other or further departure from the terms and conditions of the Credit Agreement or any other Loan Document, which terms and conditions shall remain in full force and effect.
		

		
			ARTICLE III
Amendment
		

		
			Section 3.1. Amendments to Credit Agreement. Upon satisfaction of the conditions set forth in Article V hereof, the Existing Credit Agreement is hereby amended as follows:
		

		
			(a) Section 7.12(b) of the Existing Credit Agreement shall be deleted in its entirety and replaced with the following:
		

		
			“(b) Fixed Charge Coverage Ratio. Commencing on March 31, 2019, permit the Fixed Charge Coverage Ratio for the Borrower and its Subsidiaries on a consolidated basis for any Test Period ending on and as of the last day of a Fiscal quarter set forth below to be less than the ratio set forth opposite such Test Period below:
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Fiscal Quarter Ending

					
					
						    

					
					
						Fixed Charge Coverage Ratio

				
	
					
						March 31, 2019

					
					
						 

					
					
						1.75:1.00

				
	
					
						June 30, 2019

					
					
						 

					
					
						2.00:1.00

				
	
					
						September 30, 2019

					
					
						 

					
					
						2.25:1.00

				
	
					
						December 31, 2019

					
					
						 

					
					
						2.50:1.00

				
	
					
						March 31, 2020

					
					
						 

					
					
						2.75:1.00

				
	
					
						June 30, 2020

					
					
						 

					
					
						3.00:1.00

				
	
					
						September 30, 2020

					
					
						 

					
					
						3.00:1.00

				
	
					
						December 31, 2020

					
					
						 

					
					
						3.00:1.00

				
	
					
						March 31, 2021

					
					
						 

					
					
						3.00:1.00

				
	
					
						June 30, 2021

					
					
						 

					
					
						3.00:1.00

				
	
					
						September 30, 2021

					
					
						 

					
					
						3.00:1.00

				

		
			

		 

		

			3

		

 

		

		
			(b) Schedule 2.01(b) to the Existing Credit Agreement shall be deleted in its entirety and replaced with the following:
		

		
			SCHEDULE 2.01(b)

FIRST-OUT LOAN COMMITMENTS
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Lender

					
					
						  

					
					
						  

					
					
						First-Out Loan Commitment

				
	
					
						Centre Lane Partners Master Credit Fund II, L.P.

					
					
						 

					
					
						 

					
					
						$3,750,000

				
	
					
						Centre Lane Partners IV, L.P.

					
					
						 

					
					
						 

					
					
						$6,250,000

				

		
			ARTICLE IV
Representations and Warranties
		

		
			Section 4.1. Representations and Warranties. In order to induce the Agents and the Lenders to enter into this Waiver and Third Amendment, each Loan Party hereby represents and warrants to the Agents and each Lender as follows:
		

		
			(a) After giving effect to this Waiver and Third Amendment, the representations and warranties of the Borrower and each other Loan Party contained in Article V of the Existing Credit Agreement or any other Loan Document shall be true and correct in all material respects on and as of the date hereof; provided that to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided further that any representation and warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates.
		

		
			(b) The execution, delivery and performance of this Waiver and Third Amendment have been duly authorized by all necessary action on the part of, and duly executed and delivered by each of the Loan Parties.
		

		
			(c) After giving effect to this Waiver and Third Amendment, the Loan Parties are in full compliance with each of the Loan Documents.
		

		
			(d) No Material Adverse Effect has occurred since the Closing Date.
		

		
			(e) No Default or Event of Default currently exists or shall be in existence immediately after giving effect to this Waiver and Third Amendment.
		

		
			

		 

		

			4

		

 

		

		
			ARTICLE V
Effectiveness
		

		
			Section 5.1. Effectiveness. This Waiver and Third Amendment shall become effective as of the date set forth above on which each of the following conditions is satisfied:
		

		
			(a) The Administrative Agent shall have received duly executed signature pages to this Waiver and Third Amendment signed by each Loan Party, the Administrative Agent and the Lenders.
		

		
			(b) The Administrative Agent shall have received from the Borrower a duly executed Notice of Prepayment.
		

		
			(c) Payment by the Borrower to the Administrative Agent for further distribution to each Lender (or to each Lender directly, as instructed by the Administrative Agent for administrative convenience) of the Prepayment Amount (in total if paid to the Administrative Agent or in the amount of its Pro Rata Share of the Prepayment Amount if paid directly to each Lender).
		

		
			ARTICLE VI
Miscellaneous
		

		
			Section 6.1. Reference to and Effect on the Loan Documents.
		

		
			(a) On and after the date hereof, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Existing Credit Agreement after giving effect to this Waiver and Third Amendment.
		

		
			(b) Except as specifically set forth in this Waiver and Third Amendment, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.
		

		
			(c) Except as specifically set forth in this Waiver and Third Amendment, the execution, delivery and performance of this Waiver and Third Amendment shall not constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of the Administrative Agent, the Collateral Agent or any Lender under the Existing Credit Agreement or any of the other Loan Documents.
		

		
			Section 6.2. Release. As a material part of the consideration for the Administrative Agent, the Collateral Agent and the Lenders entering into this Waiver and Third Amendment, the Borrower and each other Loan Party (collectively, the “Releasors”) agree as follows (the “Release Provision”):
		

		
			(a) Other than with respect to the agreements of the Lenders specifically set forth herein, the Releasors, jointly and severally, hereby release and forever discharge the Administrative Agent, the Collateral Agent, each Lender and the Administrative Agent’s, the 

		 

		

			5

		

 

Collateral Agent’s and each Lender’s predecessors, successors, assigns, participants, officers, managers, directors, shareholders, partners, employees, agents, attorneys and other professionals, representatives, parent corporations, subsidiaries, and affiliates (hereinafter all of the above collectively referred to as the “Lender Group”), from any and all claims, counterclaims, demands, damages, debts, agreements, covenants, suits, contracts, obligations, liabilities, accounts, offsets, rights, actions, and causes of action of any nature whatsoever and whether arising at law or in equity, presently possessed, whether known or unknown, whether liability be direct or indirect, liquidated or unliquidated, presently accrued, whether absolute or contingent, foreseen or unforeseen, and whether or not heretofore asserted arising out of, arising under or related to the Loan Documents (collectively, the “Claims”), that Releasors may have or allege to have against any or all of the Lender Group and that arise from events occurring before the date hereof.
		

		
			(b) The Releasors agree not to sue any of the Lender Group nor in any way assist any other person or entity in suing the Lender Group with respect to any of the Claims released herein. The Release Provision may be pleaded as a full and complete defense to, and may be used as the basis for an injunction against, any action, suit, or other proceeding which may be instituted, prosecuted, or attempted in breach of the release contained herein.
		

		
			(c) The Releasors acknowledge, warrant, and represent to Lender Group that:
		

		
			(i) The Releasors have read and understand the effect of the Release Provision. The Releasors have had the assistance of independent counsel of their own choice, or have had the opportunity to retain such independent counsel, in reviewing, discussing, and considering all the terms of the Release Provision; and if counsel was retained, counsel for Releasors has read and considered the Release Provision and advised Releasors with respect to the same. Before execution of this Waiver and Third Amendment, the Releasors have had adequate opportunity to make whatever investigation or inquiry they may deem necessary or desirable in connection with the subject matter of the Release Provision.
		

		
			(ii) The Releasors are not acting in reliance on any representation, understanding, or agreement not expressly set forth herein. The Releasors acknowledge that Lender Group has not made any representation with respect to the Release Provision except as expressly set forth herein.
		

		
			(iii) The Releasors have executed this Waiver and Third Amendment and the Release Provision thereof as a free and voluntary act, without any duress, coercion, or undue influence exerted by or on behalf of any person or entity.
		

		
			(iv) The Releasors are the sole owners of the Claims released by the Release Provision, and the Releasors have not heretofore conveyed or assigned any interest in any such Claims to any other person or entity.
		

		
			

		 

		

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			(d) The Releasors understand that the Release Provision was a material consideration in the agreement of the Administrative Agent, the Collateral Agent and each Lender to enter into this Waiver and Third Amendment.
		

		
			(e) It is the express intent of the Releasors that the release and discharge set forth in the Release Provision be construed as broadly as possible in favor of Lender Group so as to foreclose forever the assertion by the Releasors of any Claims released hereby against Lender Group.
		

		
			(f) If any term, provision, covenant, or condition of the Release Provision is held by a court of competent jurisdiction to be invalid, illegal, or unenforceable, the remainder of the provisions shall remain in full force and effect.
		

		
			(g) The Releasors acknowledge that they may hereafter discover facts in addition to or different from those that they now know or believe with respect to the Claims released herein, but the Releasors expressly shall have and intend to fully, finally and forever have released and discharged any and all such Claims. The Releasors expressly waive any provision of statutory or decisional law to the effect that a general release does not extend to Claims that the releasing party does not know or suspect to exist in such party’s favor at the time of executing the release.
		

		
			Section 6.3. Guarantor’s Acknowledgement and Agreement. By signing below, each Guarantor (a) acknowledges, consents and agrees to this Waiver and Third Amendment, (b) acknowledges and agrees that its obligations in respect of the Guarantee, the Security Agreement and the other Collateral Documents are not released, diminished, waived, modified or impaired in any manner by this Waiver and Third Amendment or any of the provisions contemplated herein, (c) ratifies and confirms its obligations under the Guarantee, the Security Agreement and the other Collateral Documents, and (d) acknowledges and agrees that it has no claims or offsets against, or defenses or counterclaims to, the Guarantee, the Security Agreement, any other Collateral Documents or any other Loan Documents or Obligations.
		

		
			Section 6.4. Fees. The Borrower hereby affirms its obligation under the Credit Agreement to reimburse the Administrative Agent, the Collateral Agent and the Lenders for all reasonable and documented out of pocket costs and expenses incurred in connection with the preparation, negotiation, execution and delivery of this Waiver and Third Amendment, including but not limited to all Attorney Costs.
		

		
			Section 6.5. Headings. The headings in this Waiver and Third Amendment are included for convenience of reference only and will not affect in any way the meaning or interpretation of this Waiver and Third Amendment.
		

		
			Section 6.6. Governing Law. This Waiver and Third Amendment, and all claims, disputes and matters arising hereunder or thereunder or related hereto or thereto, will be governed by, and construed in accordance with, the laws of the State of New York applicable to contracts executed in and to be performed entirely within that state.
		

		
			

		 

		

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			Section 6.7. Counterparts. This Waiver and Third Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Waiver and Third Amendment. Delivery of an executed counterpart of this Waiver and Third Amendment by facsimile or a scanned copy by electronic mail shall be equally as effective as delivery of an original executed counterpart of this Waiver and Third Amendment.
		

		
			Section 6.8. Severability. If any term or other provision of this Waiver and Third Amendment is invalid, illegal or incapable of being enforced by any rule of law, or public policy, all other conditions and provisions of this Waiver and Third Amendment will nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto will negotiate in good faith to modify this Waiver and Third Amendment so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible.
		

		
			Section 6.9. Binding Effect. This Waiver and Third Amendment will be binding upon and inure to the benefit of and is enforceable by the respective successors and permitted assigns of the parties hereto.
		

		
			[Remainder of page intentionally left blank; signatures on following pages.]
		

		
			 
		

		
			 
		

		
			

		 

		

			8

		

 

		

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

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						GLOBAL POWER EQUIPMENT GROUP INC.,
as Borrower

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Tracy D. Pagliara

				
	
					
						 

					
					
						 

					
					
						Tracy D. Pagliara
Co-President and Co-Chief Executive Officer

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Acknowledged and agreed:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						GLOBAL POWER PROFESSIONAL SERVICES INC.

				
	
					
						 

					
					
						WILLIAMS GLOBAL SERVICES, INC.

				
	
					
						 

					
					
						WILLIAMS INDUSTRIAL SERVICES GROUP, L.L.C.

				
	
					
						 

					
					
						WILLIAMS INDUSTRIAL SERVICES, LLC

				
	
					
						 

					
					
						WILLIAMS SPECIALTY SERVICES, LLC

				
	
					
						 

					
					
						WILLIAMS PLANT SERVICES, LLC

				
	
					
						 

					
					
						CONSTRUCTION & MAINTENANCE PROFESSIONALS, LLC

				
	
					
						 

					
					
						BRADEN HOLDINGS, LLC

				
	
					
						 

					
					
						STEAM ENTERPRISES, L.L.C.

				
	
					
						 

					
					
						GPEG, LLC
each as Guarantor

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Tracy D. Pagliara

				
	
					
						 

					
					
						 

					
					
						Tracy D. Pagliara
Vice President

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						KOONTZ-WAGNER CUSTOM CONTROLS HOLDINGS LLC
as Guarantor

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Erin Gonzalez

				
	
					
						 

					
					
						 

					
					
						Erin Gonzalez
Vice President and Treasurer

				

		
			 
		

		
			
		

		

		 

		

			[Signature Page to Waiver and Third Amendment]

		

 

	
					
						

					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						CENTRE LANE PARTNERS MASTER CREDIT FUND II, L.P., as Administrative Agent and Collateral Agent, and as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Luke Gosselin

				
	
					
						 

					
					
						 

					
					
						Name: Luke Gosselin
Title: Managing Director

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						CENTRE LANE PARTNERS IV, L.P., as Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Quinn Morgan

				
	
					
						 

					
					
						 

					
					
						Name: Quinn Morgan
Title: Managing Director

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