Document:

ELLIS FOSTER

MOORE STEPHENS ELLIS FOSTER LTD.

CHARTERED ACCOUNTANTS

1650 West 1st Avenue

Vancouver, BC  Canada   V6J 1G1

Telephone:  (604) 737-8117  Facsimile: (604) 714-5916

www.ellisfoster.com

CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS 

As independent certified public accountants, we hereby consent to the use in the Registration Statement of Form 20-F, being filed by AccelRate Power Systems Inc. of our report dated January 23, 2004, relating to the financial statements as at December 31, 2003, which are part of this Registration Statement. 

We also consent to the reference to us under the headings “Item 1. Identity of directors, senior management and advisors” and  “Item 3. Key Information”.

“MOORE STEPHENS ELLIS FOSTER LTD.”

Vancouver, British Columbia

Chartered Accountants

Canada

October 25, 2004

EF

A partnership of incorporated professionals

An independently owned and operated member of Moore Stephens North America Inc., a member of Moore Stephens International Limited

- members in principal cities throughout the worldEX-10.1

Exhibit 10.1

AMENDMENT NO. 1 TO

SIXTH AMENDED AND RESTATED CREDIT AGREEMENT

This AMENDMENT NO. 1 TO SIXTH AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”)
is entered into as of November 4, 2004, among CKE Restaurants, Inc. (the “Borrower”), the
Lenders party hereto (the “Lenders”) and BNP Paribas, a bank organized under the laws of
France acting through its Chicago branch (“BNP Paribas”), as agent for the Lenders (in such
capacity, the “Agent”).

RECITALS

The Borrower, the Lenders and the Agent are parties to that certain Sixth Amended and Restated
Credit Agreement, dated as of June 2, 2004 (the “Credit Agreement”).

The Borrower has requested that the Agent and the Lenders amend certain provisions of the
Credit Agreement as more fully described herein.

The Agent and the Lenders have agreed to grant such amendments upon the terms and conditions
set forth herein.

AGREEMENT

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

	 	1.	 	Definitions. Capitalized terms used herein and not otherwise defined herein shall
have the respective meanings assigned thereto in the Credit Agreement.

	 	2.	 	Amendments to the Credit Agreement. Subject to the terms and conditions set forth
herein, the Credit Agreement is hereby amended as follows:

	 	(a)	 	Section 1.1 of the Credit Agreement is hereby amended by deleting the
grid set forth in the definition of “Applicable Margin” in its entirety and replacing
such grid with the following:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Leverage Ratio	 	Eurodollar Loans	 	Base Rate Loans	 	Commitment Fee
	less than or equal

to 2.75 to 1.0

	 	

2.50%
	 	

1.25%
	 	

0.50%

	 
	 	 	 	 	 	 	 	 	 	 	 	 
	greater than 2.75

	 	 	2.75	%	 	 	1.50	%	 	 	0.50	%
	 

	 	

	 	

	 	

	 	(b)	 	Section 2.6(a)(ii) of the Credit Agreement is hereby amended by deleting
the reference to “1.50%” in clause (x) thereof in its entirety and replacing such
percentage with “1.25%”.

	 	(c)	 	Section 2.6(b)(ii) of the Credit Agreement is hereby amended by
deleting the reference to “2.75%” in clause (x) thereof in its entirety and replacing
such percentage with “2.50%”.

	 	(d)	 	Section 2.6(c)(i) of the Credit Agreement is hereby amended by
deleting the reference to “1.75%)” in clause (y) thereof in its entirety and replacing
such percentage with “1.50%”.

	 	3.	 	Representations and Warranties. The Borrower represents and warrants to the Agent
and the Lenders, as of the date hereof, that both before and after giving effect to this
Amendment:

(a) no Default or Event of Default has occurred and is continuing; and

	 	(b)	 	all of the representations and warranties of the Borrower and each other Loan
Party contained in the Transaction Documents are true and correct.

	 	4.	 	Conditions to Effectiveness of this Amendment. Upon satisfaction of the following
conditions precedent, this Amendment shall immediately become effective as of the date hereof:

	 	(a)	 	the Agent shall have received a counterpart to this Amendment, duly executed
and delivered by the Borrower and each of the Lenders;

	 	(b)	 	the Agent shall have received a certificate of a duly authorized officer of
the Borrower certifying as to matters set forth in Section 3 of this
Amendment;

	 	(c)	 	the Agent shall have received such other agreements, instruments,
certificates and opinions relating to the transactions contemplated hereby as may have
been reasonably requested by the Agent or any Lender.

5. Miscellaneous.

	 	(a)	 	Effect; Ratification. The amendments set forth herein are effective
solely for the purposes set forth herein and shall be limited precisely as written,
and shall not be deemed to (i) be a consent to any amendment, waiver or modification
of any other term or condition of any Transaction Document or of any other instrument
or agreement referred to therein, except as set forth herein, or (ii) prejudice any
right or remedy that the Agent or any Lender may now have or may have in the future
under or in connection with the Credit Agreement, as amended hereby, or any other
instrument or agreement referred to therein. Each reference in the Credit Agreement
to “this Agreement,” “herein,” “hereof” and words of like import and each reference in
the other Transaction Documents to the “Credit Agreement” shall mean the Credit
Agreement as amended hereby. This Amendment shall be construed in connection with and
as part of the Credit Agreement and all terms, conditions, representations,
warranties, covenants and agreements set forth in the Credit Agreement and each other
instrument or agreement referred to therein, except as herein amended, are hereby
ratified and confirmed and shall remain in full force and effect.

	 	(b)	 	Expenses and Fees. Notwithstanding anything contained in the Credit
Agreement, as amended hereby, or any other Transaction Document and in addition to any
fees and expenses required to be paid by the Borrower thereunder, the Borrower agrees
to pay all reasonable out-of-pocket costs, fees and expenses incurred by the Agent in
connection with the preparation, execution and delivery of this Amendment (including
the reasonable fees and expenses of counsel to the Agent).

	 	(c)	 	Counterparts. This Amendment may be executed in any number of
counterparts, each such counterpart constituting an original and all of which when
taken together shall constitute one and the same instrument.

	 	(d)	 	Severability. Any provision contained in this Amendment that is held
to be inoperative, unenforceable or invalid in any jurisdiction shall, as to that
jurisdiction, be inoperative, unenforceable or invalid without affecting the
operation, enforceability or validity of the remaining provisions of this Amendment in
that jurisdiction or the operation, enforceability or validity of such provision in
any other jurisdiction.

	 	(e)	 	GOVERNING LAW. THE RIGHTS AND DUTIES OF THE BORROWER, THE LENDERS
AND THE AGENT UNDER THIS AMENDMENT, SHALL BE GOVERNED BY THE LAW OF THE STATE OF
ILLINOIS, EXCLUDING CHOICE OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE
LAWS OF ANY STATE OTHER THAN SUCH STATE.

	 	(f)	 	WAIVER OF TRIAL BY JURY. TO THE EXTENT PERMITTED BY APPLICABLE LAW,
EACH OF THE BORROWER, THE AGENT AND THE LENDERS HEREBY IRREVOCABLY WAIVES ALL RIGHT OF
TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN
CONNECTION WITH THIS AMENDMENT, THE CREDIT AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY
MATTER ARISING HEREUNDER OR THEREUNDER.

[SIGNATURE PAGES FOLLOW]

IN WITNESS WHEREOF, the undersigned have executed this Amendment

as of the date first above written.

CKE RESTAURANTS, INC.

	 	 	 
	By:

	 	/s/ Theodore Abajian
	 

	 	 
	Name:

Title:

	 	Theodore Abajian

Executive Vice President and Chief Financial Officer

BNP PARIBAS, as Agent and as a Lender

	 	 	 
	By: /s/ Clark C. King III

	 
	 	 
	 

	 
	 	 
	Print Name:

Title:

	 	Clark C. King III

Managing Director
	 
	 	 
	By: /s/ Michael C. Colias

	 
	 	 
	 

	 
	 	 
	Print Name:

Title:

	 	Michael C. Colias

Vice President

[Lenders signature pages]EX-10.8

AMENDMENT NO. 7 TO CREDIT AGREEMENT

This Amendment No. 7 to Credit Agreement, dated as of November 5, 2004 (this
"Amendment”), is entered into by and among Golfsmith International, L.P., Golfsmith NU,
L.L.C., and Golfsmith USA, L.L.C., as Borrowers (the “Borrowers”), the other Persons designated as
Credit Parties to the Credit Agreement (the “Credit Parties”), the lenders signatory thereto from
time to time (the “Lenders”), and General Electric Capital Corporation, for itself as a Lender, as
L/C Issuer and as Agent for the Lenders (in such capacity, the “Agent”). Terms defined in the
Credit Agreement and not otherwise defined herein shall have the meanings assigned thereto in the
Credit Agreement.

RECITALS

A. The Borrowers, the other Credit Parties, the Agent and the Lenders are parties to that
certain Credit Agreement, dated as of October 15, 2002, as amended by Amendment No. 1 thereto,
dated as of January 10, 2003, Amendment No. 2 thereto, dated as of September 5, 2003, Amendment No.
3 thereto, dated as of February 10, 2004, Amendment No. 4 thereto, dated as of March 18, 2004,
Amendment No. 5 thereto, dated as of July 21, 2004, and Amendment No. 6 thereto, dated as of
October 4, 2004 (as so amended and as it may hereafter be further amended, restated or otherwise
modified, the “Credit Agreement”).

B. The Borrowers, Credit Parties, Agent and Lenders are desirous of amending the Credit
Agreement as and to the extent set forth herein and subject to the terms and conditions provided
herein.

C. This Amendment shall constitute a Loan Document and these Recitals shall be construed as
part of this Amendment.

NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter
contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

1. Amendments.

1.1. Section 4.3 of the Credit Agreement (“Minimum EBITDA”) is hereby amended as follows:

(a) By deleting the words “$19,980,000 for the Fiscal Quarter ending on or about September 30,
2004” and replacing them with “$18,400,000 for the Fiscal Quarter ending on or about September 30,
2004”; and

(b) By deleting the words “$20,400,000 for the Fiscal Quarter ending on or about December 31,
2004” and replacing them with “$16,500,000 for the Fiscal Quarter ending on or about December 31,
2004”.

1.2.

Section 4.5 of the Credit Agreement (“Minimum Interest Coverage Ratio”) is hereby amended as
follows:

(a) By deleting the words “1.60 for the Fiscal Quarter ending on or about September 30, 2004”
and replacing them with “1.40 for the Fiscal Quarter ending on or about September 30, 2004”; and

(b) By deleting the words “1.80 for the Fiscal Quarter ending on or about December 31, 2004”
and replacing them with “1.10 for the Fiscal Quarter ending on or about December 31, 2004”.

2. Conditions to Effectiveness. The effectiveness of this Amendment is expressly
conditioned upon the satisfaction of each of the following conditions precedent in a manner
acceptable to Agent:

2.1. Agent’s receipt of counterparts of this Amendment, duly executed by each Borrowers, each
other Credit Party, Agent and Requisite Lenders.

2.2. No Default or Event of Default shall have occurred and be continuing or would result from
the effectiveness of this Amendment or the consummation of any of the transactions contemplated
hereby.

2.3. Borrowers shall have paid an amendment fee to Agent, for the ratable account of Lenders,
in the amount of $7,500.

3. Reference to and Effect Upon the Credit Agreement and other Loan Documents.

3.1. The Credit Agreement, the Notes and each other Loan Document shall remain in full force
and effect and each is hereby ratified and confirmed by Borrowers and each of the other Credit
Parties. Without limiting the foregoing, the Liens granted pursuant to the Collateral Documents
shall continue in full force and effect and the guaranties of each of the Guarantors shall continue
in full force and effect.

3.2. The execution, delivery and effect of this Amendment shall be limited precisely as
written and shall not be deemed to (a) be a consent to any waiver of any term or condition or to
any amendment or modification of any term or condition (except for the specific amendments provided
in Section 1 above), of the Credit Agreement or any other Loan Document or (b) prejudice any right,
power or remedy which the Agent or any Lender now has or may have in the future under or in
connection with the Credit Agreement, the Notes or any other Loan Document.

3.3. Each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”,
“herein” or any other word or words of similar import shall mean and be a reference to the Credit
Agreement as amended hereby, and each reference in any other Loan Document to the Credit Agreement
or any word or words of similar import shall be and mean a reference to the Credit Agreement as
amended hereby.

4. Counterparts. This Amendment may be executed in any number of counterparts, each of
which when so executed shall be deemed an original but all such counterparts shall constitute one
and the same instrument. A counterpart signature page delivered by fax transmission shall be as
effective as delivery of an originally executed counterpart.

5. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN
ACCORDANCE WITH THE INTERNAL LAWS (AS OPPOSED TO CONFLICTS OF LAW PROVISIONS) OF THE STATE OF NEW
YORK.

6. 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.

[SIGNATURE PAGES FOLLOW]

1

IN WITNESS WHEREOF, this Amendment No. 7 to Credit Agreement has been duly executed as of the
date first written above.

GOLFSMITH INTERNATIONAL, L.P.

By Golfsmith GP L.L.C., as General Partner

By Golfsmith Holdings, L.P., as Sole Member

By Golfsmith GP Holdings, Inc., as General Partner

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

GOLFSMITH NU, L.L.C.

By Golfsmith Holdings, L.P., as Sole Member

By Golfsmith GP Holdings, Inc., as General Partner

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

GOLFSMITH USA, L.L.C.

By Golfsmith Holdings, L.P., as Sole Member

By Golfsmith GP Holdings, Inc., as General Partner

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

GOLFSMITH INTERNATIONAL, INC.

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

GOLFSMITH INTERNATIONAL HOLDINGS, INC.

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

2

GOLFSMITH GP HOLDINGS, INC.

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

GOLFSMITH HOLDINGS, L.P.

By Golfsmith GP Holdings, Inc., as General Partner

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

GOLFSMITH GP, L.L.C.

By Golfsmith Holdings, L.P., as Sole Member

By Golfsmith GP Holdings, Inc., as General Partner

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

GOLFSMITH DELAWARE, L.L.C.

By Golfsmith Holdings, L.P., as Sole Member

By Golfsmith GP Holdings, Inc., as General Partner

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

GOLFSMITH CANADA, L.L.C.

By Golfsmith Holdings, L.P., as Sole Member

By Golfsmith GP Holdings, Inc., as General Partner

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

3

GOLFSMITH EUROPE, L.L.C.

By Golfsmith Holdings, L.P., as Sole Member

By Golfsmith GP Holdings, Inc., as General Partner

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

GOLFSMITH LICENSING, L.L.C.

By Golfsmith Holdings, L.P., as Sole Member

By Golfsmith GP Holdings, Inc., as General Partner

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

GENERAL ELECTRIC CAPITAL CORPORATION,

as Agent, an L/C Issuer and Lender

By:    /s/ Susan K. Staub   

	 	 	 	Name:    Susan K. Staub   

Its Duly Authorized Signatory

4

DON SHERWOOD GOLF SHOP

By:    /s/ Noel E. Wilens   

	 	 	 	Name:    Noel E. Wilens   

Title:    Vice President    

[The rest of this page is intentionally left blank.]

5

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