Document:

<PAGE>

                                  EXHIBIT 10.57

                        SIXTH AMENDMENT TO LOAN DOCUMENTS

         This SIXTH AMENDMENT TO LOAN DOCUMENTS ("Amendment") dated February 25,
2002, with an effective date of December 28, 2001, is made by and among TB
WOOD'S INCORPORATED, individually and as Agent under the Borrower Agency
Agreement (the "Borrower Agent") and PNC BANK, NATIONAL ASSOCIATION, a national
banking association, as Agent for the Banks under the Credit Agreement referred
to herein (the "Agent") and PNC BANK, NATIONAL ASSOCIATION, FLEET BANK (as
successor to Summit Bank), FIRST UNION NATIONAL BANK and NATIONAL CITY BANK OF
PENNSYLVANIA as the Banks.

         Reference is made to the Revolving Credit Agreement dated October 10,
1996, by and among TB Wood's Incorporated, a Pennsylvania corporation, Plant
Engineering Consultants, Inc., a Tennessee corporation, TB Wood's Mexico, S.A.
de C.V., Mexico City, Mexico, a Mexican corporation (f/k/a Group Blaju, S.A., de
C.V.) and TB Wood's Canada, Ltd., an Ontario corporation (such corporations
being the "Borrowers"), PNC Bank, National Association, as Agent and the Banks
party thereto as amended on April 7, 1997, January 20, 1998, April 24, 1998,
July 21, 1999 and November 8, 1999 (as so amended, the "Agreement") pursuant to
which the Banks extended to the Borrowers a $40,000,000 revolving line of
credit, which amount has heretofore been increased to $52,500,000 pursuant to
amendment. The obligations under the Agreement and the Loan Documents are
evidenced by the Borrowers' Notes payable to the Banks. (Capitalized terms used
herein not otherwise defined shall have the meanings provided for in the
Agreement.)

<PAGE>

         Pursuant to Statement of Financial Accounting Standard No. 52, the
financial statements of certain of the Company's Subsidiaries, whose financial
reports are presented in currencies other than Dollars, are, according to
customary practice, translated into Dollars. In connection with such
translations, the consolidated financial statements of the Company reflect
increases or decreases to equity. The parties hereto wish to have net worth
calculated for the minimum net worth covenant under the Agreement without regard
to such translation adjustments.

         Accordingly, the Borrowers, the Banks and the Agent have agreed that
the Agreement be amended as provided herein to provide therefor.

         NOW, THEREFORE, in consideration of the foregoing and for other
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto, intending to be legally bound, hereby agree as follows:

         1. Amendment to Agreement.

            (a) Effective as of December 28, 2001, Section 8.2.21 [Minimum Net
Worth] of the Agreement is hereby amended by adding at the end thereof the
following text:

                For purposes of calculating net worth for any period ending on
                December 28, 2001 or thereafter under this Section 8.2.21,
                foreign currency translation adjustments, and their effect on
                equity as shown on the consolidated financial statements of the
                Company under GAAP (shown as all or a portion of "accumulated
                comprehensive other income"), shall not be considered. As used
                herein, "foreign currency translation adjustments" mean all
                adjustments, both positive and negative, in respect of the
                translation to Dollars of financial statements of foreign
                Subsidiaries of the Company not otherwise denominated in
                Dollars, all as and to the extent required under Statement of
                Financial Accounting Standard No. 52.

                                       2
<PAGE>

         2. Amendment Fee.

            On the date hereof, the Borrowers shall pay to the Agent on behalf
of the Banks according to their relative Commitments a non-refundable amendment
fee of $36,750 in consideration of the Agent and the Banks entering into this
Amendment. Such fee are not payments for the use of money but are to compensate
the Banks for the consideration and approval of this Amendment.

         3. Consent.

            The Banks and the Agent hereby consent to the formation of and
investment in the following Persons and consent to them being non-Borrower
Subsidiaries:

                  TB Wood's (India) Private LTD, formed under the laws of India;

                  TBWE Belt Drive Systems LLC, a Pennsylvania limited liability
                  company;

                  TBWE Belt Drive Components LP, a Pennsylvania limited
                  partnership.

Such consent is conditioned on the Company demonstrating compliance with Section
8.2.9 [Subsidiaries, Partnership s and Joint Ventures] and Section 8.2.20
[Outside Investment Limit] of the Agreement in connection with such Persons.

         4. Miscellaneous.

            (a) All of the terms, conditions, provisions and covenants in the
Notes, the Agreement, the Loan Documents, and all other documents delivered to
the Banks and the Agent in connection with any of the foregoing documents and
obligations secured thereby shall remain unaltered and in full force and effect
except as modified by this Amendment. The Borrower hereby represents and
warrants to the Bank as of the date of this Amendment that, after giving effect
to this Amendment, there exists no Event of Default or Potential Default under

                                       3

<PAGE>

any of the Loan Documents and that after giving effect to this Amendment, the
representations and warranties in Section 6 of the Agreement are true and
correct in all respects on and as of the date hereof.

            (b) The Borrowers agree to pay all of the Agent's expenses incurred
in connection with the preparation of this Amendment and the transactions
contemplated by this Amendment, including without limitation, the reasonable
fees and expenses of the Agent's counsel.

            (c) This Amendment shall be governed by and construed in accordance
with the laws of the Commonwealth of Pennsylvania.

            (d) Each and every one of the terms and provisions of this Amendment
shall be binding upon and shall inure to the benefit of the Borrowers, the Banks
and the Agent and their respective successors and assigns.

            (e) This Amendment may be executed in one or more counterparts, each
of which shall be deemed to be an original as against any party whose signature
appears thereon, and all of which shall constitute but one and the same
instrument. This Amendment supersedes all prior understandings and agreements,
whether written or oral, between the parties hereto and thereto relating to the
transactions provided for herein or therein, including any prior proposal or
commitment letters.

            (f) The execution and delivery of this waiver shall not be construed
to establish a course of conduct or imply that any other, future or further
waivers, consents or forbearance shall be considered, provided or agreed to.

                                       4

<PAGE>

            (g) Attached hereto are full and complete copies of the following
Schedules to the Agreement, dated as of the date hereof: Schedule 6.1.1; 6.1.2;
and 6.1.3.

            (h) The Borrowers represent and warrant that there exists no Event
of Default or Potential Default.

         5. Joinder of Subsidiaries.

            Contemporaneously herewith, the following Persons have executed a
Joinder (in the form attached hereto) pursuant to which they become Borrowers
and Loan Parties:

               TB Wood's North Carolina, Inc., a Delaware corporation;

               TB Wood's Foreign Sales Corporation, a Barbados corporation;

               TB Wood's Enterprises, Inc., a Delaware corporation;

               TB Wood's Foreign Investment Company, a Delaware corporation.

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

                                       5

<PAGE>

                           PNC BANK, NATIONAL ASSOCIATION, individually and as
                           Agent

                           /s/ THOMAS C. DILWORTH
                           ----------------------------
                           Thomas C. Dilworth
                           Vice President

                           NATIONAL CITY BANK OF PENNSYLVANIA

                           /s/ W. CHRISTOPHER KOHLER
                           ----------------------------
                           W. Christopher Kohler
                           Vice President

                           FLEET BANK, successor to Summit Bank

                           /s/ THOMAS E. LUNNY
                           ----------------------------
                           Thomas E. Lunny
                           Vice President

                           FIRST UNION NATIONAL BANK

                           /s/ LYNN B. EAGLESON
                           ----------------------------
                           Lynn B. Eagleson
                           Vice President

                           TB WOOD'S INCORPORATED, individually
                           and on behalf of all Borrowers as Borrower Agent

                           By: /s/ THOMAS F. TATARCZUCH
                               ------------------------
                               Title: V - P of Finance
                                      -----------------

                                       6

<PAGE>

Accepted and Agreed:

TB WOOD'S CORPORATION, as Guarantor

By: /s/ THOMAS F. TATARCZUCH
    ------------------------------
Title: V - P of Finance
       ---------------------------

              - and -

BERGES ELECTRONIC GmbH, as a Borrower
and a party to the Borrower Agency Agreement

By: /s/ WILLARD C. MACFARLAND
   -------------------------------
Title: Geschaftsfurher
       ---------------------------

              - and -

BERGES ELECTRONIC, S.r.l. , as a Borrower
and a party to the Borrower Agency Agreement

By:/s/ PREBEN H. PETERSEN
   -------------------------------
Title: President
      ----------------------------

              - and -

PLANT ENGINEERING CONSULTANTS, INC. ,
as a Borrower and a party to the Borrower Agency Agreement

By: /s/ MICHAEL L. HURT
    ------------------------------
Title: President
      ----------------------------

              - and -

T.B. WOOD'S CANADA, LTD. , as a Borrower
and a party to the Borrower Agency Agreement

By: /s/ MICHAEL H. IVERSEN
   -------------------------------
Title: President
       ---------------------------

                                       7

<PAGE>

TB WOOD'S MEXICO, S.A. de C.V.,
MEXICO CITY, MEXICO, as a Borrower
and a party to the Borrower Agency Agreement

By: /s/ WILLARD C. MACFARLAND
    ------------------------------
Title: Director
       ---------------------------

TB WOOD'S NORTH CAROLINA, INC.,
as a Borrower and a party to the Borrower Agency Agreement

By: /s/ THOMAS F. TATARCZUCH
    ------------------------------
Title:  President & Secretary
      ----------------------------

TB WOOD'S FOREIGN SALES CORPORATION,
as a Borrower and a party to the Borrower Agency Agreement

By: /s/ THOMAS F. TATARCZUCH
   -------------------------------
Title:  Vice President
      ----------------------------

TB WOOD'S ENTERPRISES, INC.,
as a Borrower and a party to the Borrower Agency Agreement

By: /s/ THOMAS F. TATARCZUCH
    ------------------------------
Title:  President
      ----------------------------

TB WOOD'S FOREIGN INVESTMENT COMPANY,
as a Borrower and a party to the Borrower Agency Agreement

By: /s/ THOMAS F. TATARCZUCH
   -------------------------------
Title:  President
      ----------------------------

                                       8
<PAGE>

             AMENDED AND RESTATED SCHEDULES 6.1.1; 6.1.2; AND 6.1.3
                               (February 25, 2002)
                                   (attached)

                                       9

<PAGE>

                        JOINDER AND ASSUMPTION AGREEMENT

         This JOINDER AND ASSUMPTION AGREEMENT is made February 25, 2002 by each
of the following Persons:

               TB Wood's North Carolina, Inc., a Delaware corporation; TB Wood's
               Foreign Sales Corporation, a Barbados corporation; TB Wood's
               Enterprises, Inc., a Delaware corporation; TB Wood's Foreign
               Investment Company, a Delaware corporation (collectively, "New
               Borrower").

                                   BACKGROUND

         Reference is made to (i) the REVOLVING CREDIT AGREEMENT dated as of
October 10, 1996 as the same has been made and may be modified, supplemented or
amended (the "Agreement") among TB WOOD'S INCORPORATED, a Pennsylvania
corporation and the other "Borrowers" party thereto, each being a "Subsidiary"
of TB WOOD'S CORPORATION (the "Parent") the BANKS who are party to the
Agreement, and PNC BANK, NATIONAL ASSOCIATION, AS AGENT, and (ii) the other Loan
Documents referred to in the Agreement, as the same may be modified,
supplemented or amended. Capitalized terms defined in the Agreement are used
herein as defined therein.

         In consideration of New Borrower becoming a Borrower entitled to
receive loans or advances from the Company or otherwise under the terms of the
Agreement, New Borrower hereby agrees that effective as of the date hereof it
hereby is, and shall be deemed to be, a Borrower under the Agreement and each of
the other Loan Documents to which the Borrowers are a party and agrees that from
the date hereof and so long as the Commitment of any Bank shall remain
outstanding and until the payment in full of the Loans and the Notes and the
performance of all other obligations of Borrower under the Loan Documents, New
Borrower has assumed the obligations of a Borrower under, and New Borrower shall
perform, comply with and be subject to and bound by, jointly and severally, each
of the terms, provisions and waivers of the Agreement and each of the other Loan
Documents which are stated to apply to or are made by a Borrower. Without
limiting the generality of the foregoing, New Borrower hereby represents and
warrants that (i) each of the representations and warranties set forth in the
Agreement is true and correct as to New Borrower on and as of the date hereof as
if made on and as of the date hereof by New Borrower and (ii) New Borrower has
heretofore received a true and correct copy of the Agreement and each of the
other Loan Documents (including any modifications thereof or supplements or
waivers thereto) as in effect on the date hereof.

         Without limiting the foregoing, New Borrower agrees, subject to the
provisions of Section 5.6. of the Agreement, that is shall be jointly and
severally obligated to perform and pay the Obligations as if an original
"Borrower" under the Agreement and agrees to execute and deliver such documents,
instruments and other things as the Agent on behalf of the Banks may reasonably
request in connection with New Borrower's obligations hereunder and under the
Agreement and the other Loan Documents, including, without limitation, new,
amended and restated or substitute notes or other evidences or acknowledgments
of indebtedness.

                                       10

<PAGE>

         The following New Borrowers ARE EACH a "Foreign Subsidiary" as defined
in the Agreement: TB Wood's Foreign Sales Corporation, a Barbados corporation.

         New Borrower hereby makes, affirms, and ratifies in favor of the Banks
and the Agent the Agreement and each of the other Loan Documents given by the
Borrowers to Agent and any of the Banks.

         In furtherance of the foregoing, New Borrower shall execute and deliver
or cause to be executed and delivered at any time and from time to time such
further instruments and documents and do or cause to be done such further acts
as may be reasonably necessary or proper in the opinion of Agent to carry out
more effectively the provisions and purposes of this Joinder and Assumption
Agreement.

         IN WITNESS WHEREOF, New Borrower has duly executed this Joinder and
Assumption Agreement and delivered the same to the Agent for the benefit of the
Banks, as of the date and year first above written.

                                  TB WOOD'S NORTH CAROLINA, INC.,
                                  a Delaware corporation;

                                  By: /s/ THOMAS F. TATARCZUCH
                                     --------------------------
                                  Title: President & Secretary
                                         ----------------------

                                  TB WOOD'S FOREIGN SALES CORPORATION,
                                  a Barbados corporation;

                                  By: /s/ THOMAS F. TATARCZCH
                                      ------------------------
                                  Title: Vice President
                                        ----------------------

                                  TB WOOD'S ENTERPRISES, INC.,
                                  a Delaware corporation;

                                  By:/s/ THOMAS F. TATARCZUCH
                                     -------------------------
                                  Title: President
                                        ----------------------

                                       11

<PAGE>

                                  TB WOOD'S FOREIGN INVESTMENT COMPANY,
                                  a Delaware corporation.

                                  By:/s/ THOMAS F. TATARCZUCH
                                     -------------------------
                                  Title: President
                                        ----------------------

Acknowledged and accepted:

PNC BANK, NATIONAL ASSOCIATION, as Agent

By: /s/ THOMAS DILWORTH
    --------------------------------
Title: Vice President
      ------------------------------

                                       12

<PAGE>

                 SCHEDULE 6.1.1 - QUALIFICATIONS TO DO BUSINESS

TB Wood's Incorporated
----------------------
Illinois
Pennsylvania
Texas
Tennessee
Connecticut
Georgia
Michigan
Florida

Plant Engineering Consultants
-----------------------------
South Carolina
Tennessee

TB Wood's Canada
----------------
N/A

TB Wood's (Mexico) S.A. de C.V. (Mexico)
----------------------------------------
N/A

TB Wood's Foreign Investment Company
------------------------------------
N/A

TB Wood's Enterprises
---------------------
N/A

TB Wood's Foreign Sales Corporation
-----------------------------------
N/A

TB Wood's North Carolina
------------------------
N/A

<PAGE>

                                 SCHEDULE 6.1.2

<TABLE>
<CAPTION>

---------------------------------------------------------------------------------------------------------------------------

             Company                    Shares Authorized               Shares Outstanding                 Owner

---------------------------------------------------------------------------------------------------------------------------
<S>                                     <C>                                  <C>                     <C>

     TB Wood's Incorporated         2,500,000 shares common stock per              100              TB Wood's Corporation
                                               value $.10

---------------------------------------------------------------------------------------------------------------------------

      TB Wood's Canada Ltd             40,000 shares common stock                 5,255             TB Wood's Incorporated
                                              no par value

---------------------------------------------------------------------------------------------------------------------------

        Plant Engineering           10,000,000 shares common stock par           168,298            TB Wood's Incorporated
        Consultants, Inc                        value $.01

---------------------------------------------------------------------------------------------------------------------------

   TB Wood's (Mexico) S.A. de            2,163,155 shares common                2,163,154           TB Wood's Incorporated
          C.V.(Mexico)                            stock                                                  T. Tatarczuch
                                                                                    1

---------------------------------------------------------------------------------------------------------------------------

                                                                                7,425,000          TB Wood's Incorporated
 Industrial Blaju, S.A. de C.V.        12,072,010 shares common stock                                TB Wood's (Mexico)
            (Mexico)                                                            4,647,010           S.A. de C.V. (Mexico)

---------------------------------------------------------------------------------------------------------------------------

     TB Wood's Foreign Sales             Unlimited, currently 1,000              1,000             TB Wood's Incorporated
      Corporation(Barbados)

---------------------------------------------------------------------------------------------------------------------------

    TB Wood's Enterprises, Inc.           3,000 shares common stock              3,000             TB Wood's Incorporated
           (Delaware)

---------------------------------------------------------------------------------------------------------------------------

  TB Wood's Foreign Investment
       Company (Delaware)                 1,000 shares common stock              1,000            TB Wood's Incorporated

---------------------------------------------------------------------------------------------------------------------------

 TB Wood's North Carolina, Inc.
           (Delaware)                             Inactive                      Inactive          TB Wood's Incorporated

 ---------------------------------------------------------------------------------------------------------------------------

</TABLE>

<PAGE>

                                 SCHEDULE 6.1.3

Non-Borrower Subsidiaries
-------------------------

The following is a wholly owned subsidiary of TB Wood's (Mexico) S.A. de C.V.
(Mexico).

         Industrial Blaju, S.A. de C.V. (Mexico)

The following is a wholly owned subsidiary of TB Wood's Foreign Investment
Company.

         TB Wood's  (Deutschland) GmbH (Germany)

The following are non-borrower Joint Ventures:

         TB Wood's (India) Private LTD (India)
            TB Wood's Incorporated                         85.5%
            Entertec Chicago, Inc.                         14.5%

         TBWE Belt Drive Systems LLC (Pennsylvania)
            TB Wood's Incorporated                         76.56%
            The Electron Corporation                       23.44%

         TBWE Belt Drive Components LP (Pennsylvania)
            TBWE Belt Drive Systems LLC  GP                  .50%
            TB Wood's Incorporated LP                      76.18%
            The Electron Corporation LP                    23.32%<PAGE>

                                  Exhibit 10.58
                              TB WOOD'S CORPORATION

           GRANT OF FAIR MARKET VALUE (FMV) NON-QUALIFIED STOCK OPTION

         1. Grant of Option and Exercise Price. Subject to the terms and
conditions set forth herein and in the TB Wood's Corporation 1996 Stock-Based
Incentive Compensation Plan (the "Plan"), TB Wood's Corporation (the "Company")
hereby grants to _____________, (the "Optionee"), a stock option (the "Option")
to purchase up to ______ shares of Common Stock of the Company, par value $.01
per share (the "Common Stock"), at an exercise price of _______ per share (the
"Exercise Price"). The Option is a non-qualified stock option.

         2. Vesting of Options. One-third of the shares of Common Stock subject
to the option shall vest on the first anniversary of the date of grant of the
Option (the "Grant Date"), an additional one-third of the shares of Common Stock
subject to the option shall vest on the second anniversary of the Grant Date,
and the final one-third of the shares of Common Stock subject to the option
shall vest on the third anniversary of the Grant Date.

         3. Time of Exercise. The Option may be exercised from time to time with
respect to shares for which the Option has vested but no later than the tenth
anniversary of the Grant Date. Upon the tenth anniversary of the Grant Date, the
Optionee's right to exercise the Option shall terminate absolutely.

         4. Payment for Shares of Common Stock. Upon exercise of an Option and
before delivery of the shares of Common Stock, full payment for shares of Common
Stock purchased upon the exercise of the Option shall be made in cash or,
subject to the approval of the Company committee administering the Plan (the
"Committee"), in whole or in part in shares of Common Stock valued at the fair
market value on the date of exercise.

         5. Manner of Exercise. The Option shall be exercised by giving written
notice of exercise to the Company (Attn: Chief Financial Officer) at the
Company's main office at 440 North Fifth Avenue, Chambersburg, Pennsylvania
17201-1778. Such notice of exercise must include a statement of preference as to
the manner in which payment to the Company shall be made. Such notice shall be
deemed to have been given when hand-delivered, telecopied or mailed, first-class
postage prepaid, and shall be irrevocable once given.

         6. Issuance of Certificates. As promptly as is reasonably practicable
after the exercise of the Option as determined by the Company, a certificate for
the shares of Common Stock issuable on the exercise of the Option shall be
delivered to Optionee or to his personal representative, heir or legatee.

<PAGE>

         7. Nontransferability of Option. The Option may not be transferred or
assigned by Optionee otherwise than by will or the laws of descent and
distribution or be exercised other than by Optionee or, in the case of his
death, by his personal representative, heir or legatee.

         8. Taxes. Optionee shall be responsible to make appropriate provision
for all taxes required to be withheld in connection with any Option, the
exercise thereof and the transfer of the shares of Common Stock. Such
responsibility shall extend to all applicable federal, state, local or foreign
withholding taxes. In the case of exercise of the Option, the Company shall, at
the election of Optionee, have the right to retain the number of shares of
Common Stock whose aggregate fair market value equals the amount to be withheld
in satisfaction of the applicable withholding taxes.

         9. Termination of Employment. If the Optionee's employment by the
Company (or a subsidiary thereof) is terminated for any reason, all unvested
Options shall be forfeited and the Optionee shall have no further right to
exercise such Options. If the Optionee's employment by the Company (or a
subsidiary thereof) is terminated by reason of disability or retirement, all
unexercised, vested Options may be exercised pursuant to the terms of the Option
for a period of three months from the date of such termination of employment or
until the expiration of the term of the Option, whichever period is shorter;
provided, however, that if the Optionee's employment is terminated by death, all
unexercised, vested Options may be exercised pursuant to the terms of the Option
for a period of six months from the date of such termination of employment or
until the expiration of the term of the Option, whichever period is shorter. If
the Optionee's employment by the Company (or a subsidiary thereof) is terminated
for any reason other than death, disability or retirement, all unexercised,
vested options shall terminate three months from the date of such termination of
employment.

         10. Rights Prior to Exercise. Neither Optionee nor his personal
representative, heir or legatee shall have any of the rights of a stockholder
with respect to any Common Stock until the date of the issuance to him or her of
a certificate for such Common Stock as provided herein.

                                      -2-
<PAGE>

         11. Amendments. The Committee may from time to time amend the terms of
this Option to the extent it deems appropriate to carry out the terms and
provisions of the Plan.

         12. Interpretation. The Committee shall have sole power to resolve any
dispute or disagreement arising out of this Agreement. The interpretation and
construction of any provision of this Option or the Plan made by the Committee
shall be final and conclusive and, insofar as possible, shall be consistent with
the requirements of a non-qualified stock option.

         13. Option Not to Affect Employment. The Option granted hereunder shall
not confer upon Optionee any right to continue in the employment of the Company
or any Subsidiary.

                                          TB WOOD'S CORPORATION

                                          By:____________________________
                                             Michael L. Hurt, President

Dated as of January 31, 2002

                                      -3-

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