Document:

<PAGE>

Sec. 180.1006           State of Wisconsin
Wis. Stats.   Department of Financial Institutions

             ARTICLES OF AMENDMENT - STOCK, FOR-PROFIT CORPORATION

A.   The present corporate name (prior to any change effected by this amendment)
     is:

    APPLIED POWER INC.
    -------------------

Text of Amendment (Refer to the existing articles of incorporation and the
instructions on the reverse of this form.  Determine those items to be changed
and set forth the number identifying the paragraph in the articles of
incorporation being changed and how the amended paragraph is to read.)

RESOLVED, THAT the articles of incorporation be amended as follows:

ARTICLE I IS HEREBY AMENDED TO READ IN ITS ENTIRETY AS FOLLOWS:

                                   ARTICLE I
                                      Name

The name of the corporation is Actuant Corporation.

B.   Amendment(s) adopted on   JANUARY 9, 2001
                               ---------------

(Indicate the method of adoption by checking (X) the appropriate choice below.)

     (    )  In accordance with sec. 180.1002, Wis. Stats. (By the Board of
     Directors)
OR
     ( X  )  In accordance with sec. 180.1003, Wis. Stats. (By the Board of
     Directors and Shareholders)
OR
     (    )  In accordance with sec. 180.1005, Wis. Stats. (By Incorporators or
     Board of Directors, before issuance of shares)

C.   Executed on   JANUARY 9, 2001             /s/ Robert C. Arzbaecher
                   ---------------            --------------------------------
                                                        (Signature)
Title:  (  X  ) President  (    ) Secretary
or other officer title ____________________        Robert C. Arzbaecher
                                                   ---------------------------
                                                        (Printed Name)

This document was drafted by     WALTER J. SKIPPER
                                 -----------------
                    (Name the individual who drafted the document)<PAGE>

Sec. 180.1006                  State of Wisconsin
Wis. Stats.           Department of Financial Institutions

             ARTICLES OF AMENDMENT - STOCK, FOR-PROFIT CORPORATION

A.   The present corporate name (prior to any change effected by this amendment)
     is:

   ACTUANT CORPORATION
   -------------------

Text of Amendment (Refer to the existing articles of incorporation and the
instructions on the reverse of this form.  Determine those items to be changed
and set forth the number identifying the paragraph in the articles of
incorporation being changed and how the amended paragraph is to read.)

RESOLVED, THAT the articles of incorporation be amended as follows:

SECTION 3.1 IS HEREBY AMENDED TO READ IN ITS ENTIRETY AS SET FORTH ON EXHIBIT A
ATTACHED HERETO.

THE EFFECTIVE TIME OF THESE ARTICLES OF AMENDMENT SHALL BE AT 8:00 A.M. CENTRAL
TIME ON JANUARY 25, 2001.

B.   Amendment(s) adopted on   JANUARY 9, 2001
                               ---------------

(Indicate the method of adoption by checking (X) the appropriate choice below.)

     (       )  In accordance with sec. 180.1002, Wis. Stats. (By the Board of
     Directors)
OR
     (   X   )  In accordance with sec. 180.1003, Wis. Stats. (By the Board of
     Directors and Shareholders)
OR
     (       )  In accordance with sec. 180.1005, Wis. Stats. (By Incorporators
     or Board of Directors, before issuance of shares)

C.   Executed on   JANUARY 9, 2001             /s/ Robert C. Arzbaecher
                   ------------------------    ---------------------------------
                                                       (Signature)
Title:  (  X  ) President  (    ) Secretary
or other officer title                             Robert C. Arzbaecher
                      ---------------------    ---------------------------------
                                                       (Printed Name)

This document was drafted by     WALTER J. SKIPPER
                                 -----------------
                    (Name the individual who drafted the document)
<PAGE>

                                  EXHIBIT A TO
                            ARTICLES OF AMENDMENT OF
                              ACTUANT CORPORATION

     "3.1 Number of Shares and Classes.  The aggregate number of shares which
the Corporation shall have authority to issue is as follows:

          (a)  Class A Common Stock.  16,000,000 shares of Class A Common Stock,
     having a par value of $.20 per share.
          (b)  Class B Common Stock.  1,500,000 shares of Class B Common Stock,
     having a par value of $.20 per share.
          (c)  Cumulative Preferred Stock.  160,000 shares of Cumulative
     Preferred Stock, having a par value of $1.00 per share."

     Upon the amendment of this Section 3.1, every five (5) issued and
outstanding shares of Class A Common Stock, $.20 par value per share (the "Old
Common Stock") shall automatically and without action on the part of the
shareholders, be converted into and reconstituted as one (1) share of Class A
Common Stock, $.20 par value per share (the "New Common Stock"), subject to the
treatment of the fractional share interests as described below and every five
shares of Class B Common Stock and Cumulative Preferred Stock authorized shall
automatically and without action on the part of the shareholders, be converted
into and reconstituted as one (1) share of Class B Common Stock or Cumulative
Preferred Stock, respectively.  Each holder of a certificate or certificates
that, immediately prior to this Amendment becoming effective pursuant to the
Wisconsin Business Corporation Law, represented outstanding shares of the Old
Common Stock (the "Old Certificates") shall be entitled to receive a certificate
or certificates for the number of shares of New Common Stock they own by
presenting their Old Certificates to the Corporation's transfer agent for
cancellation and exchange.  No scrip or fractional certificates shall be issued.
The Corporation shall aggregate and sell any fractional interests of a
shareholder and remit the proceeds from such sale to shareholders that would
otherwise receive fractional shares.<PAGE>

                              ACTUANT CORPORATION

                            ARTICLES OF RESTATEMENT

     The undersigned officer of Actuant Corporation (the "Corporation"), a
Wisconsin corporation, hereby certifies that:

     1.   The Board of Directors of the Corporation has adopted the
          Restated Articles of Incorporation (the "Restated Articles") in
          the form attached hereto as Exhibit A in accordance with Wis.
                                      ---------
          Stat. (S) 180.1007.

     2.   The Restated Articles do not contain an amendment to the articles of
          incorporation of the Corporation requiring shareholder approval.

     3.   The Restated Articles supersede the original articles of
          incorporation, any restated articles of incorporation previously
          adopted and all amendments to the original and any restated articles
          of incorporation of the Corporation.

     Executed this 30th day of January, 2001.

                                        /s/ Robert C. Arzbaecher
                                    ------------------------------------------
                                    Robert C. Arzbaecher, President and
                                    Chief Executive Officer

This document was drafted by:

Walter J. Skipper
Quarles & Brady LLP
411 East Wisconsin Avenue
Milwaukee, WI 53202-4497
<PAGE>

                                                                       Exhibit A
                                                                       ---------

                       RESTATED ARTICLES OF INCORPORATION
                                       OF
                              ACTUANT CORPORATION

     These Restated Articles of Incorporation supersede and take the place of
the heretofore existing Restated Articles of Incorporation and any amendments
thereto.

                                   ARTICLE I.

                                      Name

     The name of the Corporation is Actuant Corporation.

                                  ARTICLE II.

                                    Purposes

     The purposes for which this Corporation is organized are to engage in any
lawful activity within the purposes for which corporations may be organized
under the Wisconsin Business Corporation Law.

                                  ARTICLE III.

                                 Capital Stock

     3.1  Number of Shares and Classes.  The aggregate number of shares which
the Corporation shall have authority to issue is as follows:

          (a) Class A Common Stock.  16,000,000 shares of Class A Common Stock,
     having a par value of $.20 per share.

          (b) Class B Common Stock.  1,500,000 shares of Class B Common Stock,
     having a par value of $.20 per share.

          (c) Cumulative Preferred Stock.  160,000 shares of Cumulative
     Preferred Stock, having a par value of $1.00 per share.

     3.2  Relative Rights of Class A and Class B Common Stock.  The relative
rights and preferences of shares of Class A Common Stock and Class B Common
Stock are as follows:

          (a) Voting.  On all matters other than the election of the Board of
     Directors, the holders of Class A Common Stock and Class B Common Stock (no
     class voting as a separate class unless otherwise required by the Wisconsin
     Business Corporation Law) shall possess full and equal voting power of one
     vote per share.  On the election of the Board of Directors,

                                      A-1
<PAGE>

     and except as otherwise provided below, the holders of the Class A Common
     Stock, together with the holders of Cumulative Preferred Stock of all
     series having voting power (no class voting as a separate class) shall
     elect a maximum minority of the number of directors to be elected and the
     holders of the Class B Common Stock shall elect a minimum majority of the
     number of directors to be elected. Although the maximum minority of the
     number of directors to be elected by the holders of the Class A Common
     Stock, together with the holders of the Cumulative Preferred Stock having
     voting power, shall at no time be less than one, the determination of the
     maximum minority of the number of directors shall at all times be made
     without regard to fractions, the holders of Class B Common Stock to elect a
     minimum majority of one if an odd number directors are to be elected or two
     if an even number of directors are to be elected. In the event that there
     are no shares of Class B Common Stock outstanding, the holders of Class A
     Common Stock, together with the holders of Cumulative Preferred Stock of
     all series having voting power (no class voting as a separate class), shall
     elect all of the directors to be elected. A director, once elected and duly
     qualified, may be removed only by the requisite affirmative vote of the
     holders of that class of stock by which such director was elected.

          (b) Stock Dividends.  Stock dividends on Class A Common Stock shall be
     paid only in Class A Common Stock and stock dividends on Class B Common
     Stock shall be paid only in Class B Common Stock.

          (c) Conversion of Class B Common Stock:

               (i) Optional Conversion.  Any holder of shares of Class B Common
          Stock may convert any or all such shares into shares of Class A Common
          Stock on a share-for-share basis, at any time or from time to time, by
          surrender to the Corporation of the certificate(s) representing such
          shares of Class B Common Stock to be converted by the holder and by
          giving written notice to the Corporation of the holder's election to
          convert in the form prescribed by the Corporation.  The Corporation
          shall, as soon as practicable after receipt of such written notice and
          the proper surrender to the Corporation of the certificate(s)
          representing the shares of Class B Common Stock to be so converted,
          issue and deliver to, or in accordance with the instructions of, the
          holder certificates for the number of shares of Class A Common Stock
          to which the holder shall be entitled and for the number, if any, of
          shares of Class B Common Stock represented by the certificate(s)
          surrendered which are not being so converted.  Such conversion shall
          be deemed to have been effective immediately prior to the close of
          business on the date on which the Corporation shall have received both
          such written notice and the properly surrendered certificate(s) for
          shares of Class B Common Stock to be converted (the "Conversion
          Date"), and at such time the rights of the holder as to the converted
          shares shall cease and the person or persons entitled to receive the
          shares of Class A Common Stock issuable upon the conversion shall be
          deemed to be, and shall be treated for all purposes as, the record
          holder or holders of such Class A Common Stock on the Conversion Date.

                                      A-2
<PAGE>

               (ii) Automatic Conversion.  When the number of outstanding shares
          of Class B Common Stock is reduced to less than 500,000 (which number
          shall be appropriately adjusted to reflect capital adjustments
          resulting from a stock split, stock dividend, reverse stock split,
          recapitalization, reorganization, merger, consolidation, combination
          or exchange of shares, and the like), all of the then outstanding
          shares of Class B Common Stock shall be deemed without further action
          on the part of any person (including, without limitation, the
          Corporation and its shareholders) to be immediately and automatically
          converted into shares of Class A Common Stock on a share-for-share
          basis, and stock certificates formerly representing outstanding shares
          of Class B Common Stock shall thereupon and thereafter be deemed to
          represent a like number of shares of Class A Common Stock possessing
          all the rights and privileges incident thereto.

               (d)  Other.  Except as set forth in subsections (a), (b) and (c),
          each share of Class A Common Stock and Class B Common Stock shall be
          equal in every respect and entitled to the same rights and privileges,
          and shall be treated in the same manner with respect to any stock
          splits or stock dividends; such shares are collectively referred to
          herein as "Common Stock ".

     3.3  Directors' Authority to Establish Series of Cumulative Preferred
Stock.  The Board of Directors is authorized to divide the Cumulative Preferred
Stock into series and to fix and determine the relative rights and preferences
of each series.  Each series shall be so designated by the Board of Directors as
to distinguish the shares thereof from the shares of all other series.  All
shares of Cumulative Preferred Stock shall be identical except as to the
following relative rights and preferences, as to which the Board of Directors
may establish variations between different series not inconsistent with the
provisions of these Articles:

          (a)  The rate of dividend;

          (b)  The price at and the terms and conditions on which shares may be
     redeemed;

          (c)  The amount payable upon shares in the event of voluntary or
     involuntary liquidation;

          (d)  Sinking fund provisions for the redemption or purchase of shares;

          (e)  The terms and conditions on which shares may be converted into
     Common Stock, if the shares of any series are issued with the privilege of
     conversion;

          (f)  Voting rights, if any, subject to the provisions of Section 3.2
     hereof.

     3.4  Dividends and Distributions.  The holders of Cumulative Preferred
Stock of all series shall be entitled to receive dividends at such rates upon
such conditions and at such times as shall be stated in the resolution or
resolutions of the Board of Directors providing for the issuance thereof. All
dividends on Cumulative Preferred Stock shall be without priority as between
series, shall be

                                      A-3
<PAGE>

paid out of net earnings or any surplus properly applicable to the payment of
dividends, and shall be paid or set apart before any dividends or other
distributions shall be paid or set apart for Common Stock; provided, however,
that dividends may be declared and paid on Common Stock in Common Stock prior to
dividends on the Cumulative Preferred Stock being paid or set apart. Any
dividends paid upon the Cumulative Preferred Stock in an amount less than full
cumulative dividends accrued and in arrears upon all Cumulative Preferred Stock
outstanding shall, if more than one series be outstanding, be distributed among
the different series in proportion to the aggregate amounts which would be
distributable to the Cumulative Preferred Stock of each series if full
cumulative dividends were declared and paid thereon. The dividends on the
Cumulative Preferred Stock shall be cumulative, so that if at any time the full
amount of dividends accrued and in arrears on the Cumulative Preferred Stock
shall not be paid, the deficiency shall be payable before any dividends or other
distributions shall be paid or set apart on Common Stock (other than a
distribution payable in shares of Common Stock), and before any sums shall be
paid or set apart for the redemption of less than all of the Cumulative
Preferred Stock then outstanding. Dividends on Cumulative Preferred Stock shall
accrue from date of issue. Whenever all dividends accrued and in arrears on
Cumulative Preferred Stock shall have been declared and shall have been paid or
set apart, the Board of Directors may declare dividends on Common Stock out of
the remaining net profits of the Corporation, or out of surplus applicable to
the payment of such dividends.

     3.5  Liquidation Rights.  In the event of the voluntary liquidation or
winding up of the Corporation, the holders of Cumulative Preferred Stock shall
be entitled to receive out of the assets of the Corporation in full the fixed
voluntary liquidation amount thereof, plus accrued dividends thereon, all as
provided in the resolution or resolutions providing for the issuance thereof,
before any amount shall be paid to the holders of Common Stock.  In the event of
the involuntary liquidation of the Corporation, the holders of the Cumulative
Preferred Stock shall be entitled to receive out of the assets of the
Corporation in full the fixed involuntary liquidation amount thereof, plus
accrued dividends thereon, all as provided in the resolution or resolutions
providing for the issuance thereof, before any amount shall be paid to the
holders of Common Stock.  If, upon the voluntary or involuntary liquidation or
winding up of the Corporation, the assets of the Corporation shall be
insufficient to pay the holders of all of the Cumulative Preferred Stock the
entire amounts to which they may be entitled, the assets of the Corporation
shall, if more than one series be outstanding, be distributed among the
different series in proportion to the aggregate amounts which would be
distributable to the Cumulative Preferred Stock of each series if sufficient
assets were available.  The holders of Cumulative Preferred Stock shall not
otherwise be entitled to participate in any distribution of assets of the
Corporation, which shall be divided or distributed among the holders of Common
Stock.  No consolidation or merger of the Corporation with or into another
corporation or corporations and no sale by the Corporation of all or
substantially all of its assets shall be deemed a liquidation or winding up of
the Corporation.

     3.6  Voting Rights of Cumulative Preferred Stock.  The holders of
Cumulative Preferred Stock shall have only such voting rights as shall be stated
in the resolution or resolutions of the Board of Directors providing for the
issuance thereof, except to the extent that such limitation may be inconsistent
with the provisions of the Wisconsin Business Corporation Law.

                                      A-4
<PAGE>

     3.7  Repurchase, etc. of Shares.  The Corporation, acting through its Board
of Directors, shall have the right to purchase, take, receive, or otherwise
dispose of its own shares, to the fullest extent provided by law at the time of
any such transaction.

                                  ARTICLE IV.

                               Pre-emptive Rights

     No holder of any stock of the Corporation shall have any pre-emptive or
other subscription rights nor be entitled, as of right, to purchase or subscribe
for any part of the unissued stock of this Corporation or any additional stock
issued by reason of any increase of authorized capital stock of this Corporation
or other securities whether or not convertible into stock of the Corporation.

                                   ARTICLE V.

                                     Voting

     The affirmative vote of two-thirds of all shares entitled to vote thereon
(and/or of each class which shall be entitled to vote thereon as a class) shall
be required in order to constitute shareholder approval or adoption of any of
the following:

          (a) Merger or consolidation of the Corporation.

          (b) Liquidation of the Corporation.

          (c) Sale, lease, exchange or other disposition of all or substantially
     all assets of the Corporation.

          (d) Amendment of the Articles of Incorporation or the By-laws.

          (e) Removal of any director of the Corporation.

                                  ARTICLE VI.

                          Registered Office and Agent

     The address of the registered office of the Corporation is c/o Quarles &
Brady LLP, 411 East Wisconsin Avenue, Milwaukee, Wisconsin 53202, and the name
of the registered agent at such office is Anthony W. Asmuth III.

                                      A-5
<PAGE>

                                  ARTICLE VII.

                                   Directors

     The number of directors constituting the Board of Directors shall be such
number, not less than three (3), as shall be fixed from time to time by the By-
laws of the Corporation, subject to the provisions of this Article VII.  The By-
laws may provide for the division of the Board of Directors into two or three
classes of directors and for the terms and manner of election thereof not
inconsistent with the applicable provisions of the Wisconsin Business
Corporation Law.  In the event of such classification and provided that shares
of Class B Common Stock are then outstanding, each class of directors so created
shall contain as nearly as possible an equal number of directors elected by the
holders of Class A Common Stock and Cumulative Preferred Stock having voting
power, as a group, and shall also contain as nearly as possible an equal number
of directors elected by the holders of Class B Common Stock.  In the event there
should be two classes of directors specified by the By-laws, then from the next
succeeding annual meeting of shareholders and for so long as there are two
classes of directors the total number of directors shall not be less than five
(5).  In the event there should be three classes of directors specified by the
By-laws, then from the next succeeding annual meeting of shareholders and for so
long as there are three classes of directors the total number of directors shall
not be less than seven (7).  Each director shall serve for the term for which
such director was elected, regardless of any subsequent change in the By-laws
relating to the length of directors' terms.

                                 ARTICLE VIII.

                                   Amendments

     These Articles may be amended in the manner authorized by law at the time
of amendment, provided that the provisions of Article V hereof have been
satisfied.

                                 *  *  *  *  *

                                      A-6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}]]