Document:

Separation Agreement, John M. Matheson

 Exhibit 10.17 

SEPARATION AGREEMENT 

This Separation Agreement (this “Agreement”) is entered into between Global Power Equipment Group Inc., a Delaware corporation (the
“Company”), and John M. Matheson (“Matheson”) on September 11, 2009. 
 Matheson has been employed by the Company
pursuant to an Amended and Restated Employment Agreement dated effective as of November 21, 2006 (the “Employment Agreement”) and has also been a member of the Board of Directors of the Company (the “Board”). This Agreement
sets forth the terms upon which Matheson’s employment by the Company and his membership on the Board will cease and the form of the release that Matheson will sign as a condition to receiving certain payments from the Company following the
termination of his employment. 
 The Company and Matheson agree as follows: 

1. Transition. Matheson acknowledges that the Board had determined to terminate his employment without Cause (as defined in the Employment
Agreement) and to hire another individual (the “New CEO”) to serve as President and Chief Executive Officer of the Company and that the New CEO will assume the positions of President and Chief Executive Officer of the Company and will join
the Board effective September 14, 2009 (the “Transition Date”). 
 1.1 Resignation. By execution of this
Agreement and without any further action, Matheson hereby resigns, effective as of the opening of business on the Transition Date, as President and Chief Executive Officer of the Company, as a member of the Board, and from every other office or
position that he now holds with respect to the Company or any of its affiliates or the governing bodies of any of them, except that this resignation does not apply to Matheson’s status as an employee. Upon presentation to him by the Secretary
of the Company from time to time, Matheson will sign such further documents as may be reasonably appropriate to reflect these various resignations. 

1.2 Cooperation and Continuing Services. During the period beginning on the Transition Date and ending on October 14, 2009 or
such earlier date as the Board may specify pursuant to Section 1.3 (the “Transition Period”), Matheson will perform such services, if any, as may be reasonably requested of him by the New CEO that are relevant to an orderly transition
from Matheson’s tenure as CEO to the tenure of the New CEO and are consistent with Matheson’s status as a former CEO of the Company. During the Transition Period: 

(a) Matheson will continue to be employed by the Company, will make himself available on a full time basis to perform services for the
Company as may be requested by the New CEO, and will refrain from taking any action with respect to the management and affairs of the Company that is inconsistent with any direction the New CEO may give to him. 

(b) The Company will continue to pay and provide to Matheson Base Salary and Benefits at the same levels and subject to the same
conditions as in effect immediately before the Transition Date. 
 (c) The Company will provide Matheson with such office and
secretarial services, if any, as the New CEO may deem appropriate to the level of services the New CEO requests that Matheson provide from time to time during the Transition Period. 

 1.3 Early Termination of Transition Period. Although at the time of execution of this
Agreement the Board does not contemplate terminating the Transition Period before October 14, 2009, the Board retains the right, which it has delegated to the Chairman of the Board and is exercisable by him in his absolute discretion, to
terminate the Transition Period at any time between the Transition Date and October 14, 2009, inclusive, for any reason or for no reason. 

2. Nature of Termination. For all purposes, the termination of Matheson’s employment with the Company will be treated as a termination by
resolution of the Board without Cause as contemplated by clause (x) of Section 2(d)(i) of the Employment Agreement. For the avoidance of doubt, the termination of Matheson’s employment with the Company will not be treated, for any
purpose, as a voluntary resignation by Matheson for Good Reason. 
 3. Termination Date. Matheson’s employment with the Company will
terminate on the last day of the Transition Period (that last day, whether it is October 14, 2009 or any earlier date on which the Board may terminate the Transition Period pursuant to Section 1.3 being the “Termination Date”).

 4. Compensation, Benefits, and Equity Awards. In connection with the termination of his employment, the Company will pay, provide, and
deliver to Matheson certain payments, benefits, and equity interests in the Company in connection with each of (a) the Employment Agreement, (b) his two RSU Agreements (as defined in Section 4.2(b) below), and (c) the Management
Incentive Co-Investment Plan, in each case as further specified below in this Section 4. 
 4.1 Payments Pursuant to
Section 2(e)(iii) of the Employment Agreement. Subject to execution and delivery to the Company of the Release (as defined in Section 8 below) and to Matheson not having revoked the Release within seven days of its execution and
delivery, the Company will pay to Matheson the following amounts, net of applicable withholding, by not later than the Lump Sum Payment Date (as defined in Section 8 below) (references to “Clauses” are to particular clauses of
Section 2(e)(iii) of the Employment Agreement): 
 (a) $446,250, representing one year’s Base Salary, as contemplated
by Clause (x). 
 (b) $14,514, representing the Company’s estimate of one year’s cost of the Benefits marked on Exhibit
A to the Employment Agreement with an “#,” as contemplated by Clause (x). 
 (c) $2,195, representing three months of
club dues, as contemplated by Clause (y). 
 (d) $500,000, representing a premium above the pro rata Bonus for that part of 2009
ending on the Termination Date that is contemplated by Clause (z). 
 In addition, the Company will pay to Matheson, within 30
days of the Termination Date, all previously earned and accrued but unpaid Base Salary and vacation time up to the Termination Date, as contemplated by Clause (v), which amounts will be paid whether or not Matheson executes and delivers the Release.
The aggregate amount specified in Sections 4.1(a) through 4.1(d) is sometimes referred to in the remainder of this Agreement as the “Lump Sum Severance Amount.” 
  

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 4.2 Issuance of Common Stock Pursuant to RSU Agreements. 

(a) Background. Under the Company’s 2008 Management Incentive Plan, the Company granted Restricted Stock Units
(“RSUs”) to Matheson as follows: (i) 785,088 RSUs with a Grant Date of June 23, 2008, and (ii) 749,847 RSUs with a grant date of February 9, 2009. Of the 785,088 RSUs with a Grant Date of June 23, 2008, 196,272
RSUs vested in March, 2009 and the Company issued to Matheson 196,272 shares of Common Stock in full satisfaction of Matheson’s rights with respect to those 196,272 RSUs. 

(b) RSUs That Could Vest for 2009. Each of the two Restricted Stock Award Agreements (the “RSU Agreements”) covering the
two grants of RSUs made to Matheson provides in effect (at Section 4(b)(iii) of each RSU Agreement) that, upon termination of Matheson’s employment without Cause at any time during 2009, he is to be vested in a pro rata portion of the RSUs
that would have vested on March 31, 2010 had his employment continued through that date, taking into account whether or not the Company met the EBITDA Target for 2009. The total number of RSUs that could so vest for all of 2009 is 383,784 RSUs,
consisting of 196,272 RSUs with a Grant Date of June 23, 2008 and 187,462 RSUs with a Grant Date of February 9, 2009. The Company hereby waives the requirement that the Company must meet the EBITDA Target for 2009 insofar as that
requirement might apply to any RSUs that might vest for 2009. Taking into account this waiver by the Company and the waiver by the Company that is noted in Section 4.2(b)(ii) and otherwise applying each of the RSU Agreements according to its
terms: 
 (i) of the 383,784 RSUs that could have vested for 2009, 270,191 RSUs will vest on the Termination Date by reason of
Matheson’s service through the Transition Date (270,191 is the product of 383,784 multiplied by 257/365), and 
 (ii) an
additional 100,000 RSUs will vest on the Termination Date by reason of the Company waiving any provision to the contrary in the RSU Agreements. 

The Company will issue shares of Common Stock to Matheson with respect to the aggregate of 370,191 RSUs noted as vesting in (i) and
(ii) (the “Vested 2009 RSUs”) by not later than the Lump Sum Payment Date. 
 (c) Forfeiture of All Other
RSUs. Except as provided in Section 4.2(b) with respect to the Vested 2009 RSUs, on the Termination Date, all RSUs granted to Matheson will terminate without any further action by any party and Matheson will have no further rights under
either of the two RSU Agreements. 
 4.3 Vesting of Incentive Shares under Management Incentive Co-Investment Plan. The
Company issued 76,893 shares of Common Stock to Matheson as Incentive Shares under the Company’s Management Incentive Co-Investment Plan. On the Termination Date, those 76,893 Incentive Shares will be fully vested without further action by any
party. 
 4.4 COBRA Rights. Matheson will be eligible for benefits from the Company under the Consolidated Budget
Reconciliation Act of 1986 (“COBRA”) as required by that law and the regulations promulgated thereunder. 
  

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 4.5 Reimbursement of Certain Legal Fees. The Company will reimburse Matheson for
reasonable legal fees and expenses incurred by him in connection with the negotiation of this Agreement upon presentation by Matheson of an invoice covering those legal fees and expenses issued by the counsel that represented him in those
negotiations. 
 4.6 No Other Compensation, Benefits, or Equity. Except as specifically provided above in this
Section 4 or in Section 5 with respect to indemnification rights, Matheson will have no further rights to receive compensation, benefits, or equity in any form from the Company or any of its affiliates after the Termination Date by reason
of the Employment Agreement, any Restricted Stock Award Agreement, the Management Incentive Co-Investment Plan, or any other agreement, plan, or program. 

5. Continuing Obligations under Employment Agreement. Sections 3, 4, 5, and 6 of the Employment Agreement (captioned, respectively, “Work
Product,” “Confidential Information,” “Noncompete, Nonsolicitation,” and “Indemnification”) will remain in effect after the Termination Date according to their respective terms (and, to the extent relevant to the
enforcement of these specified sections, in accordance with Sections 1, 7, and 8 of the Employment Agreement (captioned, respectively, “Definitions,” “Notices,” and “Miscellaneous”)). 

6. Return of Company Property. 

6.1 On the Termination Date, except as otherwise provided in Section 6.2, (a) Matheson will deliver to the Company all computer
equipment or backup files of or relating to the Company and all of the other items listed in Section 4(b)(iii) of the Employment Agreement that he may then have in his possession or under his control, and (b) Matheson will deliver to the
Company all other tangible property belonging to the Company that he may then have in his possession or control. 
 6.2 Matheson
will be permitted to retain and need not return to the Company (a) his Company-supplied laptop computer (but not any Company information that may be on that computer), and (b) his Company-supplied BlackBerry (but not any Company
information that may be on that BlackBerry). In addition, Matheson may retain the cell phone number that he has used in connection with that BlackBerry. 

7. Assistance. During the Transition Period and after the Termination Date, Matheson will provide reasonable assistance to the Company in
litigation and regulatory matters that relate to events that occurred during Matheson’s period of employment with the Company. Matheson will be entitled to reimbursement of reasonable out-of-pocket travel or related costs and expenses relating
to any such cooperation or assistance that occurs following the Termination Date. Unless otherwise agreed at some future point: (a) Matheson will not be required to spend more than the equivalent of three full working days in any calendar
quarter providing such cooperation and assistance, and (b) the Company will pay Matheson at the rate of $1,500 per full working day for any such cooperation or assistance provided by Matheson in response to a specific request by the Company,
except that no per diem payment will be required with respect to Matheson’s cooperation and assistance if Matheson himself is a defendant in the litigation or a target in the regulatory enforcement at issue. 

8. Release. This Agreement will become effective between the Company and Matheson immediately upon exchange of signed copies between the two of
them. However, the Company will not pay any portion of the Lump Sum Severance Amount to Matheson unless he has first executed and delivered to the Company a release, effective as of the Termination Date, in the form attached to this Agreement as
Exhibit A (the “Release”) and has not revoked that Release within seven days of the date of its delivery to the Company. Unless and until Matheson has so executed and delivered and not revoked the Release, nothing in this Agreement will
release any claim that Matheson may have against the Company or any affiliate. For purposes of this Agreement, the term “Lump Sum Payment Date” means the later of (a) two business days after the seven day period for revocation
specified in the Release has expired, and (b) 30 days after the Termination Date. 
  

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 9. No Disclosure Regarding This Agreement. 

9.1 Matheson will not disclose any information regarding the existence or substance of this Agreement, except: (a) to an attorney
with whom Matheson chooses to consult regarding this Agreement; (b) to Matheson’s spouse; (c) to Matheson’s professional tax return preparers or advisers; (d) to relevant taxing authorities; (e) if and only to the
extent necessary to secure enforcement of this Agreement; and (f) if and only to the extent required by a valid subpoena or court order, in which case Matheson will first afford the Company the opportunity to raise any objection that the
Company may have to the purported requirement that Matheson reveal such information. Matheson will ensure that none of the individuals listed in (a), (b), or (c) communicates any such information to any other person or entity. 

9.2 The Company will take reasonable steps to maintain the confidentiality of the existence and substance of this Agreement, but the
Company will be permitted to disclose the existence of this Agreement and its substance as may be required by applicable law. If and to the extent the Company discloses the existence and/or substance of this Agreement, whether as required by
applicable law or otherwise, Matheson will be relieved from his obligation not to disclose any information regarding the existence or substance of this Agreement but Matheson will have no other recourse against the Company with respect to that
disclosure. 
 10. Withholding and Reporting. All payments to be made, benefits to be provided, and shares of Common Stock to be issued
with respect to RSUs by the Company to Matheson under this Agreement will be subject to applicable tax withholding and reporting by the Company. Matheson will timely pay, and will indemnify the Company with respect to, any taxes payable by him with
respect to payments, benefits, and equity interests received pursuant to this Agreement in excess of amounts withheld. 
 11.
Section 409A Compliance. The parties intend that all payments and benefits under this Agreement will comply with or be exempt from the application of Section 409A of the Internal Revenue Code (“Section 409A”) and, to the
extent practicable, the terms of this Agreement are to be interpreted accordingly. The Company does not warrant or guaranty the tax treatment to Matheson arising from his receipt of any payment, benefit, or equity interest under this Agreement or
otherwise and neither the Company nor any of its affiliates will be liable for any taxes, interest, penalties, or other amounts payable by Matheson or anyone claiming through him with respect to any such receipt or other matter. 

12. Miscellaneous. 
 12.1
Notices. Notices and all other communications provided for in this Agreement must be in writing and will be deemed to have been duly given: (a) when delivered in person (to the General Counsel of the Company in the case of notices to the
Company and to Matheson in the case of notices to Matheson); (b) the first business day after deposit with a nationally recognized overnight courier, properly addressed and charges prepaid; or (c) the third business day after mailing by
United States registered or certified mail, return receipt requested, properly addressed and postage prepaid. Notices to the Company will be properly addressed if addressed, as follows: 

Global Power Equipment Group Inc. 

6120 South Yale, Suite 1480 

Tulsa, OK 74136 

Attention: General Counsel 

Telephone: 918.488.0828 
  

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 Notices to Matheson will be properly addressed if addressed to Matheson’s home address
as reflected on the records of the Company as of the date first set forth above. Either party may change the address to which notices are to be sent by courier or mailed by notice to the other in accordance with this Section 12.1. 

12.2 Entire Agreement. This Agreement contains the entire agreement and understanding between Matheson and the Company on its
subject matter and supersedes any prior understandings, agreements, or representations by either party to the other, whether written or oral, relevant to the subject matter of this Agreement. 

12.3 Benefit of Agreement. The rights and obligations of the Company under this Agreement will inure to the benefit of, and will be
binding on, the Company and its successors and assigns, and the rights and obligations (other than obligations to observe restrictive covenants) of Matheson under this Agreement will inure to the benefit of, and will be binding upon, Matheson and
his heirs and personal representatives. 
 12.4 Governing Law. The provisions of this Agreement will be governed by and
construed in accordance with the laws of the State of Delaware applicable to contracts made in and to be performed exclusively within that State, notwithstanding any conflict of law provision to the contrary. 

IN WITNESS WHEREOF, the Company and Matheson have executed this Agreement, the Company by a duly authorized representative, on the date first written
above. 
  

			
	GLOBAL POWER EQUIPMENT GROUP INC.
		
	By:	 	
 

		 	Candice L. Cheeseman
		 	 Vice President of Administration,

General Counsel and Secretary

			
	
	
 

	JOHN M. MATHESON

  

 6Amended and Restated Employment Agreement, David L. Willis

 Exhibit 10.18 

AMENDED AND RESTATED 

EMPLOYMENT AGREEMENT 

This AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is dated effective as of January 28, 2008 (the
“Effective Date”), by and among Global Power Equipment Group Inc., a Delaware corporation (the “Company”), and David L. Willis (the “Executive”). Capitalized terms used but not otherwise defined herein shall have the
respective meanings assigned to such terms in Section 1 of this Agreement. 
 WHEREAS, the Company and the Executive desire
to enter into an agreement regarding the employment by the Company of the Executive effective as of the Effective Date; and 

WHEREAS, the Executive is entrusted with knowledge of the particular business methods of the Company and its Subsidiaries and is trained
and instructed in the particular operation methods of the Company and its Subsidiaries, and the relationship between the Company and the Executive is one in which the Company places special trust and confidence in the Executive. 

NOW, THEREFORE, in consideration of employment and in further consideration of these mutual covenants and agreements, the parties hereto,
each intending to be bound, covenant and agree as follows: 
 1. Definitions. As used herein, the following terms shall
have the following meanings: 
 “Additional Employment Term” has the meaning set forth in
Section 2(d)(i) of this Agreement. 
 “Affiliate” means, when used with reference to a specified
Person, any Person that directly or indirectly controls or is controlled by or is under common control with the specified Person. As used in this definition, “control” (including, with its correlative meanings, “controlled by”
and “under common control with”) shall mean possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by
contract or otherwise). With respect to any Person who is an individual, “Affiliates” shall also include, without limitation, any member of such individual’s Family Group. 

“Base Salary” has the meaning set forth in Section 2(c)(i) of this Agreement. 

“Benefits” has the meaning set forth in Section 2(c)(ii) of this Agreement. 

“Board” means the Company’s Board of Directors. 

“Bonus” means awards under the Management Incentive Plan. 

 “Bonus Year” means an annual bonus period under the Management
Incentive Plan. 
 “Businesses” has the meaning set forth in Section 5(a) of this Agreement.

 “Cause” means the occurrence of any one of the following as determined by the Board: (i) a
material breach of the Executive’s covenants under Section 4 or Section 5 of this Agreement; (ii) the commission by the Executive of a felony, or any crime involving theft, dishonesty or moral turpitude; (iii) the commission
by the Executive of act(s) or omission(s) which are willful and deliberate acts intended to harm or injure the business, operations, financial condition or reputation of the Company or any Affiliate of the Company; (iv) the Executive’s
disregard of the directives of the Board; (v) the Executive’s drunkenness or use of drugs which interferes with the performance of the Executive’s duties under this Agreement, which drunkenness or use of drugs continues after receipt
of notice to the Executive from the Company of his violation of this provision; or (vi) any attempt by the Executive to secure any personal profit in connection with the business of the Company unless given prior written approval by unanimous
consent of the Board. 
 “Confidential Information” has the meaning set forth in Section 4(a)(i)
of this Agreement. 
 “Disability” means that the Executive is unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or is, by reason of any
medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less
than three (3) months under an accident and health plan covering employees of the Company. 

“Effective Date” has the meaning set forth in the opening paragraph of this Agreement. 

“Employment Period” has the meaning set forth in Section 2(d)(ii) of this Agreement. 

“Employment Term” has the meaning set forth in Section 2(d)(i) of this Agreement. 

“Family Group” means, with respect to any Person who is an individual: (i) such Person’s spouse,
former spouse and descendants (whether natural or adopted), parents and their descendants and any spouse of the foregoing persons (collectively, “relatives”) or (ii) the trustee, fiduciary or personal representative of such Person and
any trust solely for the benefit of such Person and/or such Person’s relatives. 
  

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 “Geographical Area” has the meaning set forth in Section 5(a)
of this Agreement. 
 “Good Reason” for resignation by the Executive means his resignation because of:
(i) a material reduction in the annual base salary of the Executive, a material reduction in the employee benefits granted to the Executive, or a material reduction in the Executive’s percentage participation in the Management Incentive
Plan or a material reduction in the Executive’s percentage participation in any New MIP from the percentage previously awarded to the Executive if and when a New MIP is approved and adopted, (ii) a material modification to the Management
Incentive Plan, which modification materially and adversely affects the determination of the Executive’s bonus for any calendar year for which such Management Incentive Plan is applicable, unless such modification is generally applicable to all
participants in the Management Incentive Plan and such modification has been approved by (x) if the Board has less than three Management Board Members, then all such Management Board Members or (y) if the Board has three or more Management
Board Members, then any two of such Management Board Members, (iii) a requirement that the Executive be based at any office or location more than 50 miles from Tulsa, Oklahoma, or (iv) a removal of the Executive as Senior Vice President
and Chief Financial Officer of the Company by action of the Board without Cause, in each case, other than with the consent of the Executive. 

“Initial Employment Period” has the meaning set forth in Section 2(d)(i) of this Agreement. 

“Management Board Member” means any member of the Board who is also a full-time employee of the Company or any
of its Subsidiaries. 
 “Management Incentive Plan” or “MIP” means the Company’s 2008
Management Incentive Plan for the 2008 calendar year and thereafter until a New MIP is approved and adopted. 

“New MIP” means the Company’s Incentive Compensation Program or Plan approved and adopted by the Board to
be effective for any calendar year after 2008. 
 “Noncompete Period” has the meaning set forth in
Section 5(a) of this Agreement. 
 “Person” means an individual, a partnership, a corporation, an
association, a limited liability company, a joint stock company, a trust, a joint venture, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof. 

“Post-Termination Period” has the meaning set forth in Section 5(a) of this Agreement. 

 

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 “Subsidiary” means, with respect to any Person, any corporation,
partnership, limited liability company, association or other business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the
election of directors thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a partnership, limited liability company,
association or other business entity, a majority of the partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination
thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a partnership, limited liability company, association or other business entity if such Person or Persons shall be allocated a majority of
partnership, limited liability company, association or other business entity gains or losses or shall be or control the managing director, manager or a general partner of such partnership, limited liability company, association or other business
entity. 
 “Termination Date” means the date of the Executive’s separation of service from the
Company or any of its Subsidiaries for reasons other than death, as determined under Section 409A of the Code and applicable guidance thereunder; provided, however, that in the event such determination cannot be made under such
Section 409A and/or guidance, “Termination Date” shall mean the date that the Executive ceases to be employed by the Company or any of its Subsidiaries for any reason other than death. 

“Work Product” has the meaning set forth in Section 3 of this Agreement. 

2. Employment. 

(a) Employment. The Company agrees to employ the Executive, and the Executive hereby accepts employment with the
Company, upon the terms and conditions set forth in this Agreement for the Employment Period (as herein defined). 

(b) Positions and Duties. 

(i) Commencing on the date hereof and continuing during the Employment Period, the Executive shall serve as an employee
and the Senior Vice President and Chief Financial Officer of the Company under the supervision and direction of the Board and shall have the normal duties, responsibilities and authority of Senior Vice President and Chief Financial Officer of a
corporation and such other duties as shall be assigned to the Executive by the Board from time to time. 
 (ii)
The Executive shall devote his best efforts and his full business time and attention (except for permitted vacation periods and reasonable periods of illness or other incapacity which does not constitute Disability) to the business and affairs of
the Company. The Executive shall perform his duties and responsibilities to the best of his abilities in a diligent, trustworthy, businesslike and efficient manner. The foregoing shall not preclude the Executive from devoting reasonable time to
civic and charitable affairs and with the consent of the Board serving on a maximum of one board of a for-profit entity other than the Board or the board of directors of any Subsidiary of the Company, provided that such activity does not interfere
in any material respect with the performance of his duties hereunder. The Executive shall perform all services in accordance with the policies, procedures and rules established by the Company. In addition, the Executive shall comply with all laws,
rules and regulations that are generally applicable to the Company, its Subsidiaries and their employees, directors and officers. 
  

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 (c) Base Salary and Benefits. 

(i) Base Salary. During the Employment Period, the Executive’s base salary shall be in an amount set by the
Board, but under no circumstances will be less than $253,000 per annum, effective January 1, 2009 (the “Base Salary”), which salary shall be paid by the Company in regular installments in accordance with the Company’s general
payroll practices and shall be subject to customary withholding. On an annual basis, the Board shall review and determine the appropriateness of an increase in the Base Salary as in effect as of the date of such review. 

(ii) Benefits. During the Employment Period, in addition to the Base Salary payable to the Executive pursuant to
Section 2(c)(i) hereof, the Executive shall be entitled to participate in the following employee benefit programs, plans and policies (collectively, the “Benefits”): 

(A) The employee benefit programs (including, but not limited to, option plans and benefit programs which provide group
pension, life and health insurance and other medical benefits) that the Company, with the approval of the Board, now or hereafter makes available generally to its management as well as the employee benefits listed on Exhibit A hereto; provided that
any awards under any option plans shall be set by the Board, in its sole discretion; 
 (B) Subject to its
restrictions and conditions, including performance thresholds and metrics as set by the Board, the Management Incentive Plan with any awards thereunder to be set by the Board at a level of no less than a target bonus of 55% of salary (the actual
bonus may range from 27.5% to 110% depending on performance), it being understood and agreed that if the New MIP is not in place during any calendar year, the Executive will have substantially the same bonus opportunities as existed under the
Management Incentive Plan during the prior calendar year; and 
 (C) The Company’s Club Membership Policy
(which, subject to certain limitations, provides for payment of an initiation fee and monthly fees). 
  

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 (iii) Expenses. The Company shall reimburse the Executive for all
reasonable and necessary business expenses incurred by the Executive in performing his duties under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other
business expenses subject to the Company’s receipt of supporting documentation in accordance with the Company’s customary reporting and documentation provisions. 

(d) Term. 

(i) This Agreement is an employment contract for a term of two (2) years beginning as of the Effective Date and
ending on the second anniversary of the Effective Date (the “Initial Employment Term”). At the end of the Initial Employment Term, and at the end of each Additional Employment Term (as herein defined), unless the Company (with the approval
of the Board) has provided the Executive with at least sixty (60) days advance written notice, so long as the Executive continues to be employed by the Company, this employment contract shall automatically renew for a term of one (1) year
(each such additional term, an “Additional Employment Term”). The Initial Employment Term and each Additional Employment Term shall be referred to herein as an “Employment Term.” Notwithstanding the foregoing, each Employment
Term is subject to early termination (x) by reason of the Executive’s death or Disability, (y) by resolution of the Board with or without Cause, or (z) upon the Executive’s voluntary resignation with or without Good Reason.
For all purposes under this Agreement, a delivery of a notice by the Company to the Executive pursuant to this Section 2(d)(i) to avoid an Additional Employment Term shall be treated as if an Employment Term has been terminated early by
resolution of the Board without Cause. 
 (ii) The period of the Initial Employment Term together with each
Additional Employment Term, if any, shall be referred to herein as the “Employment Period.” Notwithstanding any termination of the Executive’s employment by the Company, this Agreement shall remain a valid and enforceable contract
between the parties, including without limitation Sections 3, 4 and 5 hereof. 
 (e) Employment
Termination. 
 (i) If any Employment Term is terminated early by resolution of the Board with Cause or by
reason of the Executive’s voluntary resignation without Good Reason, then the Executive shall be entitled to receive only all previously earned and accrued but unpaid Base Salary and vacation time up to the Termination Date (and not any accrued
but unpaid Bonus as of the Termination Date). 
  

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 (ii) If any Employment Term is terminated early by reason of the
Executive’s death or Disability, then the Executive shall be entitled to receive only (x) all previously earned and accrued but unpaid Base Salary and vacation time up to the Termination Date or date of death, (y) a portion of the
Bonus earned by the Executive during the Bonus Year in which such termination occurs determined on a pro rated basis based on the number of days of the applicable Bonus Year prior to the Termination Date or date of death as compared to the number of
days in such Bonus Year, which payment will be made on or before March 15th of the year after such Bonus Year and (z) any Bonus earned by the Executive during any Bonus Year which ended prior to the Termination Date or date of death and
which has not been paid as of such date, which payment will be made on or before March 15th of the year after such Bonus Year. 

(iii) If any Employment Term is terminated early by reason of the Executive’s voluntary resignation with Good Reason
or by resolution of the Board without Cause, then, subject to the second and third sentences of Section 2(e)(iv), the Executive shall be entitled to receive only the following: (v) all previously earned and accrued but unpaid Base Salary
and vacation time up to the Termination Date, (w) any Bonus earned by the Executive during any Bonus Year which ended prior to the Termination Date and which has not been paid as of such date, (x) his Base Salary and an amount equal to the
Company’s estimate of the cost of the Benefits marked on Exhibit A with an “#” (which estimate shall be based on the amounts incurred by the Company in connection with the provision of such Benefits) for the twelve month period
beginning on the Termination Date with respect to which the Executive takes all actions required to continue such Benefits; provided, however, that such twelve-month period shall be extended until the date on which the Initial Employment Term would
have ended if more than twelve months remained in the Initial Employment Term on the Termination Date; provided, further, that in lieu of providing such benefits, the Company may elect to pay the Executive the cost of premiums for such benefits,
(y) an amount equal to the cost of the Benefits referred to in Section 2(c)(ii)(C) hereof for the three month period beginning on the Termination Date, and (z) the amount of any target Bonus which would have been earned by the
Executive during the Bonus Year in which such termination occurs determined on a pro rated basis based on the number of days of the applicable Bonus Year prior to the Termination Date as compared to the number of days in such Bonus Year. The
compensation payable pursuant to this Section 2(e)(iii) shall be paid within 60 days after the Termination Date. In addition, any equity interests held by Executive under a stock or similar plan of the Company shall vest on the Termination
Date. 
  

 7 

 (iv) Notwithstanding the payments or benefits set forth in Sections 2(e)(ii)
and 2(e)(iii), the period for which the Executive is entitled to health care continuation coverage under Section 4980B of the Internal Revenue Code of 1986, as amended, shall begin to run on the Termination Date and shall not be extended on
account of payments made or reimbursed by the Company pursuant hereto. As a condition to receiving any payments pursuant to clauses (w) through (z) of Section 2(e)(iii), the Executive shall execute and deliver to the Company a general
release (with ancillary covenants not to sue and other similar standard provisions) of the Company and its Affiliates and their respective officers, directors and employees from all claims of any kind whatsoever arising out of the Executive’s
employment or termination thereof (including without limitation, civil rights claims), in such form as reasonably requested by the Company; provided, however, that the release will not affect any contractual rights the Executive may otherwise have
under any stock option plans of the Company or option agreements thereunder; and provided further that the release shall not apply to any rights to which the Executive is entitled in accordance with plan provisions under any employee benefit plan or
fringe benefit plan or program of the Company and its Affiliates. In the event the Executive does not execute and deliver such release to the Company before payment is required to be made pursuant to such clauses, the Executive shall forfeit his
right to receive any payments pursuant to such clauses. 
 (v) Except as expressly provided in this
Section 2(e), the Executive hereby agrees that upon and after the Termination Date, no severance compensation of any kind, nature or amount (including by operation of law) shall be payable by the Company or any of its Subsidiaries or Affiliates
to the Executive and the Executive hereby irrevocably waives any claim for severance compensation of any kind, nature or amount (including by operation of law). 

(vi) Except as expressly provided in this Section 2(e), upon the Termination Date, except as required by law, all of
the Executive’s rights to Benefits hereunder (if any) shall cease. 
 (vii) Subject to restrictive covenants
contained in Section 5 hereof, the Executive may obtain other engagements or employment after the Termination Date, and any compensation received or receivable by the Executive shall not reduce any amounts which the Company is required to pay
to the Executive pursuant to this Agreement. 
 3. Work Product. The Executive agrees that all inventions, drawings,
improvements, developments, methods, processes, programs, designs and all similar or related information which relates to the Company’s or any of its Subsidiaries’ actual or anticipated business or research and development or existing or
future products or services and which are conceived, developed, contributed to or made by the Executive (either solely or jointly with others) while employed by the Company or any of its Subsidiaries (“Work Product”) shall be the sole and
exclusive property of the Company or any such Subsidiary. The Executive will promptly disclose such Work Product to the Company and perform all actions requested by the Company (whether during or after employment) to establish and confirm such
ownership (including, without limitation, assignments, consents, powers of attorney and other instruments). 
  

 8 

 4. Confidential Information. 

(a) The Executive acknowledges: 

(i) That the Work Product, artificial intelligence systems, information, customer lists, goodwill, observations and data
disclosed to, developed by or obtained by his while employed by the Company or any of its Subsidiaries concerning the business or affairs of the Company or any such Subsidiary (including without limitation the Company’s and its
Subsidiaries’ technology, methods of doing business and supplier and customer information) (collectively, “Confidential Information”) are highly confidential and uniquely valuable to the Company and its Subsidiaries; 

(ii) That such Confidential Information is and shall continue to be the property of the Company or any such Subsidiary;

 (iii) That the Company and each of its Subsidiaries has a proprietary interest in their respective
Confidential Information, including without limitation the identity of their respective customers and suppliers, solicited customers, customer and supplier lists; 

(iv) That the continued success of the Company and its Subsidiaries depends in large part on keeping the Confidential
Information from becoming known to competitors of the Company and its Subsidiaries; and 
 (v) That the Company
and its Subsidiaries will be irreparably harmed by disclosure of any Confidential Information. 
 (b) Therefore,
the Executive agrees: 
 (i) That, during his employment and for all times thereafter, except as required by law
or court order, he shall not directly or indirectly disclose to any unauthorized person or use for his own account any Confidential Information without the prior written consent of the Company, unless and to the extent that the aforementioned
matters become generally known to and available for use by the public other than as a result of the Executive’s acts or omissions to act; 

(ii) To use his best efforts and diligence to safeguard the Confidential Information and to protect it against disclosure,
misuse, espionage, loss or theft; 
  

 9 

 (iii) That upon the Termination Date or at any other time the Company may
request, for whatever reason, the Executive shall deliver (and in the event of the Executive’s death or Disability, his representative shall deliver) to the Company all computer equipment or backup files of or relating to the Company and its
Subsidiaries, all memoranda, correspondence, customer data, notes, plans, records, reports, manuals, photographs, computer tapes and software and other documents and data (and copies thereof) relating to the Confidential Information, the Work
Product or the business of the Company or any of its Subsidiaries which he may then possess or have under his control. If the Company requests, the Executive (or his representative) agrees to provide written confirmation that the Executive has
returned all such materials to the Company or one of its Subsidiaries; and 
 (iv) That upon the Termination Date
or at any other time the Company may request, for whatever reason, the Executive shall assign all rights, title and interest in the Confidential Information, the Work Product, all computer equipment or backup files of or relating to the Company or
any of its Subsidiaries, all memoranda, correspondence, customer data, notes, plans, records, reports, manuals, photographs, computer tapes and software and other documents and data (and copies thereof) relating to the Confidential Information, the
Work Product or the business of the Company or any of its Subsidiaries which the Executive may then possess, has under his control, or has ever developed, obtained, or contributed to during his tenure with the Company. 

5. Noncompete, Nonsolicitation. 

(a) The Executive agrees that, during the time he is employed by the Company or any of its Subsidiaries and during any
applicable Post-Termination Period (as herein defined) (the “Noncompete Period”), he shall not directly or indirectly own, operate, manage, control, participate in, consult with, advise, provide services for, or in any manner engage in any
business (including by himself or in association with any person, firm, corporate or other business organization or through any other entity) in competition with, or potential competition with, the businesses of the Company or any of its
Subsidiaries as such businesses (the “Businesses”) exist during the Executive’s employment by the Company, within the United States or any other geographical area in which the Company or any of its Subsidiaries engages or plans to
engage in the Businesses (the “Geographical Area”). Nothing herein shall prohibit the Executive from being a passive owner of not more than 2% of the outstanding stock of a corporation which is publicly traded, so long as the Executive has
no active participation in the business of such corporation. For purposes of this Section 5, “Post-Termination Period” means the twelve (12) month period beginning on the Termination Date. 

(b) During the Noncompete Period, the Executive shall not directly or indirectly through another entity (i) induce or
attempt to induce any employee of the Company or any of its Subsidiaries to leave the employ of the Company or any such Subsidiary, or in any way interfere with the relationship between the Company or any of its Subsidiaries and any employee
thereof, including without limitation, inducing or attempting to induce any union, employee or group of employees to interfere with the business or operations of the Company or any of its Subsidiaries, (ii) hire any person who was an employee
of the Company or any of its Subsidiaries at any time during the Executive’s employment period, or (iii) induce or attempt to induce any customer, supplier, distributor, franchisee, licensee or other business relation of the Company or any
of its Subsidiaries to cease doing business with the Company or any such Subsidiary, or in any way interfere with the relationship between any such customer, supplier, distributor, franchisee, licensee or business relation and the Company or any of
its Subsidiaries. 
  

 10 

 (c) The Executive agrees that: (i) the covenants set forth in this
Section 5 are reasonable in geographical and temporal scope and in all other respects, (ii) the Company would not have entered into this Agreement but for the covenants of the Executive contained herein, and (iii) the covenants
contained herein have been made in order to induce the Company to enter into this Agreement. 
 (d) If, at the
time of enforcement of this Section 5, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable
under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to revise the restrictions contained herein to cover the maximum period, scope and area permitted by law. 

(e) The Executive recognizes and affirms that in the event of his breach of any provision of this Section 5, money
damages would be inadequate and the Company would have no adequate remedy at law. Accordingly, the Executive agrees that in the event of a breach or a threatened breach by the Executive of any of the provisions of this Section 5, the Company,
in addition and supplementary to other rights and remedies existing in its favor, may apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce or prevent any
violations of the provisions hereof (without posting a bond or other security). 
 6. Indemnification. Executive shall be
entitled to indemnification by the Company pursuant to and in accordance with the Company’s Amended and Restated Bylaws. 

7. Notices. All notices, demands or other communications to be given or delivered under or by reason of the provisions of this
Agreement shall be in writing and delivered personally, mailed by certified or registered mail, return receipt requested and postage prepaid, sent via a nationally recognized overnight courier, charges prepaid, or sent via facsimile. Such notices,
demands and other communications will be sent to the address indicated below: 
 To the Company: 

Global Power Equipment Group Inc. 

6120 South Yale, Suite 1480 

Tulsa, OK 74136 

Attention: Chief Executive Officer 

Facsimile No.: (918) 488-8389 
  

 11 

 To the Executive: 

to Executive’s last address or facsimile 

number on the records of the Company 

or such other address or to the attention of such other Person as the recipient party shall have specified by prior written notice to the sending party;
provided, that the failure to deliver copies of notices as indicated above shall not affect the validity of any notice. Any such notice, demand or other communication shall be deemed to have been received (i) when delivered, if personally
delivered, or sent by nationally-recognized overnight courier or sent via facsimile or (ii) on the third business day following the date on which the piece of mail containing such notice, demand or other communication is posted if sent by
certified or registered mail. 
 8. Miscellaneous. 

(a) Warranty by the Executive. The Executive represents and warrants to the Company that he is not a party to any
agreement containing a noncompetition provision or other restriction with respect to (i) the nature of any services or business which he is entitled to perform or conduct for the Company under this Agreement, or (ii) the disclosure or use
of any information which directly or indirectly relates to the nature of the business of the Company or any of its Subsidiaries or the services to be rendered by the Executive under this Agreement. 

(b) Severability. If any provision or clause of this Agreement, or portion thereof shall be held by any court or
other tribunal of competent jurisdiction to be illegal, invalid, or unenforceable in such jurisdiction, the remainder of such provision shall not be thereby affected and shall be given full effect, without regard to the invalid portion. It is the
intention of the parties that, if any court construes any provision or clause of this Agreement, or any portion thereof, to be illegal, void or unenforceable because of the duration of such provision or the area matter covered thereby, such court
shall reduce the duration, area, or matter of such provision, and, in its reduced form, such provision shall then be enforceable and shall be enforced. 

(c) Complete Agreement. This Agreement shall embody the complete agreement and understanding among the Executive,
the Company and/or any of its Subsidiaries and supersedes and preempts any prior understandings, agreements or representations by or among such parties, written or oral, which may have related to the subject matter hereof in any way. Except as
specifically set forth herein, this Agreement does not supersede any agreements evidencing the grant of restricted stock, restricted stock units or long-term incentives to the Executive under the Company’s 2008 Management Incentive Plan or any
future equity plan of the Company. 
 (d) Counterparts. This Agreement may be executed in separate
counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 
  

 12 

 (e) Successors and Assigns, Transfer. This Agreement is intended to
bind and inure to the benefit of and be enforceable by the Executive and the Company and their respective successors, heirs and assigns. 

(f) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the state of
Delaware, without giving effect to any rules, principles or provisions of choice of law or conflict of laws. 

(g) Remedies. The Company and the Executive will be entitled to enforce its or his respective rights under this
Agreement specifically, to recover damages and costs (including reasonable attorneys’ fees and expenses) caused by any breach of any provision of this Agreement and to exercise all other rights existing in its or his favor. The parties hereto
agree and acknowledge that the Company will suffer irreparable harm and money damages may not be an adequate remedy for any breach of the provisions of this Agreement by the Executive and that the Company may in its sole discretion apply to any
court of law or equity of competent jurisdiction (without posting any bond or deposit) for specific performance and/or other injunctive relief in order to enforce or prevent any violations of the provisions of this Agreement. 

(h) Amendment and Waiver. The provisions of this Agreement may be amended and waived only with the prior written
consent of the Company (with the approval of the Board) and the Executive. 
 [Signature Page to Follow] 

 

 13 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the 31st day of December, 2008, effective as of the
Effective Date. 
  

			
	GLOBAL POWER EQUIPMENT GROUP INC.
		
	By:	 	 /s/ John M.
Matheson

			
	Name:	 	John M. Matheson
	Title:	 	President and Chief Executive Officer
	
	 /s/ David L. Willis

	David L. Willis

  

 14 

 Exhibit A 

Benefits Schedule 

David L. Willis 
  

			
	#	  	Medical Insurance
	#	  	Dental Insurance
		  	Long Term Disability
		  	Salary Continuation*
	#	  	Life Insurance
		  	Accidental Death & Dismemberment
	#	  	Travel Accident Insurance
		  	9 Paid Holidays Per Year
		  	4 Weeks Paid Vacation Per Year
		  	Profit Sharing Plan
		  	401(k) Plan
		  	Flexible Benefit Plan
		  	Preparation of Annual Taxes

  

	*	If disabled, the Company would pay the difference between his regular salary and the benefit Short Term Disability would pay for up to six months

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