Document:

Exhibit 10.1

  
  [Superior Energy Services, Inc. Letterhead]

  
   

   

  November 12, 2004

   

  Mr. Terence E. Hall

  1105 Peters Road

  Harvey, Louisiana 70058

   

  Dear Terry:

   

  Reference is made to that certain Amended and Restated
  Employment Agreement dated as of July 15, 1999 (the "Employment Agreement")
  between Superior Energy Services, Inc. (the "Company") and you. Capitalized
  terms not otherwise defined herein shall have the meaning ascribed to them in
  the Employment Agreement.

   

  This letter will confirm the agreement by and between the
  Company and you with respect to the terms of your continued employment with
  the Company as its Chairman of the Board and Chief Executive Officer following
  the appointment of Kenneth L. Blanchard as President of the Company. Following
  the appointment of Mr. Blanchard as President, you agree that, effective as of
  the date hereof, the word "President" shall be deleted from the list of
  officer positions you shall hold in Section 6(d)(i)(A)(2) of the Employment
  Agreement.

   

  If the foregoing correctly sets forth our agreement, please
  indicate your acceptance in the space provided for that purpose below,
  whereupon it will become a valid, legal, binding and enforceable agreement
  between us.

 

	
       	
      Very truly yours,
	
       	
       

    	
      
	
      SUPERIOR ENERGY
      SERVICES, INC.

    	
       
	
      
	
       

    	
       
	
      
	
       

    	
      
	
      By: 
	
      
      /s/ Robert S.
      Taylor

      

    

    	
      
	
      
	
      Robert S. Taylor

    	
      
	
      
	
      Chief Financial
      Officer

 

   

    	
      ACCEPTED AND AGREED

  TO AS OF THE DATE FIRST 

  ABOVE WRITTEN:

  		
       

    	
       	
       	
       

    	
       	
       	
       

    	
      
		 /s/ Terence E. Hall 

		
       	
       

    	
      Terence E. HallExhibit 10.1

                                    GSV, INC.
                                  191 Post Road
                           Westport, Connecticut 06880

                                                              September 20, 2004

Brooks Station Holdings, Inc.
c/o Cavallo Capital Corp.
660 Madison Avenue
New York, New York 10021

        Re:     Waiver of Default and Amendment of Promissory Notes

Dear Sirs:

          Brooks Station Holdings, Inc. ("Brooks Station") holds three
     promissory notes (collectively, the "Notes") issued by GSV, Inc. (the
     "Company"), as follows: a promissory note dated July 21, 2003, in the
     principal amount of $200,000; a promissory note dated February 11, 2004, in
     the principal amount of $25,000; and a promissory note dated March 18,
     2004, in the principal amount of $25,000. Each of the Notes bears interest
     at the rate of 8% per annum, matured on September 1, 2004 (the "Original
     Maturity Date"), and is secured by a first priority security interest in
     all assets of the Company pursuant to a Security Agreement between the
     Company and Brooks Station dated as of July 21, 2003.

          Brooks Station and the Company now wish to extend the maturity of each
     of the Notes to March 1, 2005, in accordance with the terms set forth
     below:

          1. Waiver of Default. Brooks Station hereby waives any claim against
     the Company or its assets arising from the Company's failure to pay the
     principal and accrued interest on the Notes on the Original Maturity Date
     or thereafter through the date of this letter agreement.

          2. Extension of Maturity Date. Brooks Station and the Company agree
     that Section 1 of each of the Notes is hereby amended to read as follows:

          "1.  The  principal  amount of this  Note,  together  with any  unpaid
     accrued interest thereon, shall be due and payable on March 1, 2005."

          3. Miscellaneous.

               (i)  Except as herein  amended,  the Notes  shall  remain in full
          force and effect.  This letter agreement may not be amended,  revised,
          terminated or waived
<PAGE>
          except by an instrument  in writing  signed and delivered by the party
          to be charged therewith.

               (ii) This letter agreement shall be binding upon and inure to the
          benefit  of the  successors  and  assigns  of the  respective  parties
          hereto.

               (iii) This letter  agreement  shall be construed  and governed by
          the laws of the State of New York,  applicable to agreements  made and
          to be performed entirely therein.

          If you are in agreement with the foregoing, please sign below and
     return the original to the Company, keeping a copy for your files.

                                   Sincerely,

                                   GSV, INC.

                                   By:/s/Gilad Gat
                                      ------------
                                   Name:  Gilad Gat
                                   Title:  Chief Executive Officer and President

Acknowledged and agreed:

BROOKS STATION HOLDINGS, INC.

By:     /s/ Danny Golan
        ----------------
        Name:   Danny Golan
        Title:  PresidentAMENDMENT
                                      NO. 3
                                       TO
                              AMENDED AND RESTATED
                                CREDIT AGREEMENT

      This AMENDMENT AND WAIVER (this "Amendment") is entered into as of this
11th day of August, 2004 by and among STANDARD MOTOR PRODUCTS, INC., a New York
corporation ("SMP"), STANRIC, INC., a Delaware corporation ("SI"), MARDEVCO
CREDIT CORP., a New York corporation ("MCC") (SMP, SI and MCC are sometimes
collectively referred to herein as "Borrowers" and individually as a
"Borrower"), the other Credit Parties signatory to the Credit Agreement (as
herein defined), lenders who are party to the Credit Agreement ("Lenders"),
GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, in its capacity as
Agent for Lenders ("Agent"), BANK OF AMERICA, N.A., for itself, as Lender, and
as Syndication Agent, and GMAC COMMERCIAL FINANCE LLC (as successor by merger to
GMAC Commercial Credit LLC), for itself, as Lender, and as Documentation Agent.

      WHEREAS, pursuant to that certain Amended and Restated Credit Agreement
dated as of February 7, 2003, by and among Borrowers, Credit Parties, Agent,
Syndication Agent, Documentation Agent and Lenders (including all annexes,
exhibits and schedules thereto, as from time to time amended, restated,
supplemented or otherwise modified, the "Credit Agreement"), Lenders have made
Loans to, and incurred Letter of Credit Obligations on behalf of Borrowers; and

      WHEREAS, Borrowers have requested that Agent and Lenders amend the
definition of Fixed Charges, as more fully set forth herein, and Agent and
Lenders are willing to do so pursuant to the terms and conditions set forth in
this Amendment.

      NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

      1. DEFINITIONS. All capitalized terms not otherwise defined herein shall
have the meanings given to them in the Credit Agreement.

      2. AMENDMENT TO CREDIT AGREEMENT. Subject to satisfaction of the
conditions precedent set forth in Section 3 below, the definition of "Fixed
Charges" set forth in Annex A of the Credit Agreement is hereby amended by
inserting the following new clause immediately after clause (f) of such
definition:

            "; PLUS (g) non-cash losses in excess of $2,500,000 arising from the
            discontinued operations of Borrowers' EIS Brake division and
            Industrial and Automotive Associates, Inc."

      3. CONDITIONS OF EFFECTIVENESS. This Amendment shall become effective as
of the date upon which Agent shall have received ten (10) copies of this
Amendment executed by Borrowers, Requisite Lenders and each of the Guarantors.
<PAGE>

      4. REPRESENTATIONS AND WARRANTIES. Borrowers hereby represent and warrant
as follows:

                  (a) This Amendment and the Credit Agreement, as amended
      hereby, constitute legal, valid and binding obligations of Borrowers and
      are enforceable against Borrowers in accordance with their respective
      terms.

                  (b) Upon the effectiveness of this Amendment, each Borrower
      hereby reaffirms all covenants, representations and warranties made in the
      Credit Agreement as amended hereby and agree that all such covenants,
      representations and warranties shall be deemed to have been remade as of
      the effective date of this Amendment.

                  (c) No Event of Default or Default has occurred and is
      continuing or would exist after giving effect to this Amendment.

                  (d) Borrowers have no defense, counterclaim or offset with
      respect to the Credit Agreement.

      5. NO OTHER AMENDMENT. Except as expressly modified hereby, the provisions
of the Credit Agreement, and the Liens granted thereunder, are and shall remain
in full force and effect and this Amendment.

      6. EFFECT ON THE CREDIT AGREEMENT. All references in the Credit Agreement
and the other Loan Documents to the Credit Agreement shall be deemed to refer to
the Credit Agreement as amended hereby.

      7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY THE LAWS OF THE
STATE OF NEW YORK (WITHOUT GIVING EFFECT TO ITS CONFLICTS OF LAW RULES).

      8. HEADINGS. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.

      9. COUNTERPARTS; FACSIMILE. This Amendment may be executed in any number
of several counterparts, each of which shall be deemed an original but all of
which together shall constitute one and the same instrument. Any signature
delivered by a party by facsimile transmission shall be deemed to be an original
signature hereto.

                  [remainder of page intentionally left blank]

                                       2
<PAGE>

      IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment
to be executed and delivered by its duly authorized officer as of the date first
set forth above.

                                  STANDARD MOTOR PRODUCTS, INC.

                                  By:
                                     -------------------------------------------
                                  Name:
                                       -----------------------------------------
                                  Title:
                                        ----------------------------------------

                                  STANRIC, INC.

                                  By:
                                     -------------------------------------------
                                  Name:
                                       -----------------------------------------
                                  Title:
                                        ----------------------------------------

                                  MARDEVCO CREDIT CORP.

                                  By:
                                     -------------------------------------------
                                  Name:
                                       -----------------------------------------
                                  Title:
                                        ----------------------------------------

                                  GENERAL ELECTRIC CAPITAL
                                  CORPORATION,
                                  as Agent and Lender

                                  By:
                                     -------------------------------------------
                                  Name:
                                       -----------------------------------------
                                  Title:
                                        ----------------------------------------

                       (Signatures continued on next page)

                                       3
<PAGE>

                                  GMAC COMMERCIAL FINANCE LLC
                                  (as successor by merger to
                                  GMAC COMMERCIAL CREDIT
                                  LLC), as Documentation
                                  Agent and Lender

                                  By:
                                     -------------------------------------------
                                  Name:
                                       -----------------------------------------
                                  Title:
                                        ----------------------------------------

                                  BANK OF AMERICA, N.A.,
                                  as Syndication Agent and Lender

                                  By:
                                     -------------------------------------------
                                  Name:
                                       -----------------------------------------
                                  Title:
                                        ----------------------------------------

                                  TRANSAMERICA BUSINESS CAPITAL CORPORATION,
                                  as Lender

                                  By:
                                     -------------------------------------------
                                  Name:
                                       -----------------------------------------
                                  Title:
                                        ----------------------------------------

                                  CONGRESS FINANCIAL CORPORATION,
                                  as Lender

                                  By:
                                     -------------------------------------------
                                  Name:
                                       -----------------------------------------
                                  Title:
                                        ----------------------------------------

                       (Signatures continued on next page)

                                       4
<PAGE>

                                  JP MORGAN CHASE BANK
                                  as Lender

                                  By:
                                     -------------------------------------------

                                  Name:
                                       -----------------------------------------
                                  Title:
                                        ----------------------------------------

                                  HSBC BANK USA,
                                  as Lender

                                  By:
                                     -------------------------------------------
                                  Name:
                                       -----------------------------------------
                                  Title:
                                        ----------------------------------------

                                  FOOTHILL CAPITAL CORPORATION,
                                  as Lender

                                  By:
                                     -------------------------------------------
                                  Name:
                                       -----------------------------------------
                                  Title:
                                        ----------------------------------------

                                  MERRILL LYNCH CAPITAL, a Division of
                                  MERRILL LYNCH BUSINESS FINANCIAL
                                  SERVICES INC.,
                                  as Lender

                                  By:
                                     -------------------------------------------
                                  Name:
                                       -----------------------------------------
                                  Title:
                                        ----------------------------------------

                       (Signatures continued on next page)

                                       5
<PAGE>

CONSENTED TO:

SMP MOTOR PRODUCTS LTD.
By:
   ------------------------------------------
Name:
     ----------------------------------------
Title:
      ---------------------------------------

EAGLEMOTIVE CORPORATION

By:
   ------------------------------------------
Name:
     ----------------------------------------
Title:
      ---------------------------------------

MARATHON AUTO PARTS & PRODUCTS, INC.

By:
   ------------------------------------------
Name:
     ----------------------------------------
Title:
      ---------------------------------------

MOTORTRONICS, INC.

By:
   ------------------------------------------
Name:
     ----------------------------------------
Title:
      ---------------------------------------

                                       6

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