Document:

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                                                                   EXHIBIT 10.66

                                 FIRST AMENDMENT
                                       TO
                                CREDIT AGREEMENT

            This FIRST AMENDMENT TO CREDIT AGREEMENT (this "AMENDMENT") is
      effective as of April 14, 2004 by and among GENERAL CABLE INDUSTRIES,
      INC., a Delaware corporation ("BORROWER"), the Guarantors (such term and
      each other capitalized term used but not defined herein having the meaning
      given to it in Article I of the Credit Agreement referenced below), the
      Supermajority Lenders signatory hereto, UBS AG, STAMFORD BRANCH, as
      administrative agent (the "ADMINISTRATIVE AGENT") for the Lenders and
      MERRILL LYNCH CAPITAL, a division of Merrill Lynch Business Financial
      Services Inc., as collateral agent and as security trustee (the
      "COLLATERAL AGENT"; and together with the Administrative Agent, the
      "AGENTS") for the Secured Parties.

                                    RECITALS

            WHEREAS, Borrower, Guarantors, the Administrative Agent, the
      Collateral Agent and Lenders entered into that certain Credit Agreement
      dated as of November 24, 2003 (as amended, supplemented, restated or
      otherwise modified from time to time, the "CREDIT AGREEMENT");

            WHEREAS, Holdings desires to (i) create a single member Delaware
      limited liability company to be named "GK Technologies, L.L.C." ("NEW
      INTERMEDIATE HOLDINGS") and (ii) Intermediate Holdings shall merge with
      and into New Intermediate Holdings (the foregoing creation of New
      Intermediate Holdings and the merger of Intermediate Holdings into New
      Intermediate Holdings are hereinafter referred to as the "LLC
      CONVERSION");

            WHEREAS, Borrower has requested that Agents and the Supermajority
      Lenders to amend certain provisions of the Credit Agreement, all upon the
      terms and subject to the conditions as herein set forth;

            NOW THEREFORE, in consideration of the foregoing recitals, mutual
      agreements contained herein and for good and valuable consideration, the
      receipt and sufficiency of which are hereby acknowledged, Agents,
      Supermajority Lenders, Borrower and the other Loan Parties agree as
      follows:

            SECTION 1.  AMENDMENTS. The Credit Agreement is hereby amended as
            follows:

                  (a)   The following defined terms are added to Article I of
            the Credit Agreement in their proper alphabetical order:

                        "AUTOZONE ACCOUNT(S)" shall mean those certain
                  Account(s) with AutoZone, Inc. as the Account Debtor owing to
                  Borrower, any other Borrowing Base Guarantor, or any
                  Subsidiary thereof.

                        "AVAILABLE AMOUNT" shall mean, with respect to any
                  Eligible Account, an amount equal to the book value of such
                  Eligible Account multiplied by the then applicable advance
                  rate with respect to such Eligible Account, as adjusted by the

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                  Collateral Agent in its reasonable credit judgment and
                  pursuant to the Credit Agreement.

                        "GENERAL CABLE SPAIN HOLDINGS" shall mean General Cable
                  Holdings (Spain), SRL, a Spanish limited liability company.

                        "GCC SPAIN PRE-CLOSING INTERCOMPANY DEBT" shall mean the
                  unsecured Indebtedness owing by General Cable Spain Holdings
                  to Holdings in the principal amount of the Dollar Equivalent
                  of $35.0 million by reason of intercompany advances made by
                  Holdings to General Cable Spain Holdings prior to the Closing
                  Date.

                        "GCC SPAIN POST-CLOSING INTERCOMPANY DEBT" shall mean
                  the unsecured Indebtedness owing by General Cable Spain to
                  Borrower in the principal amount of the Dollar Equivalent of
                  up to $1.0 million by reason of intercompany advances made by
                  Borrower to General Cable Spain after the Closing Date.

                        "INVESTMENT GRADE ACCOUNT DEBTOR" means an Account
                  Debtor whose unsecured long term debt is rated "BBB-" or
                  better by Standard & Poor's Ratings Services, a division of
                  the McGraw-Hill Companies, Inc. and "Baa3" or better by
                  Moody's Investor's Services, Inc.

                        "ROBERT BOSCH ACCOUNT(S)" shall mean those certain
                  Accounts with Robert Bosch Corporation as the Account Debtor
                  owing to Borrower, any other Borrowing Base Guarantor, or any
                  Subsidiary thereof.

                  (b)   The definition of the term "GCC SPAIN INTERCOMPANY DEBT"
            is amended and restated to read in its entirety as follows:

                        "GCC SPAIN INTERCOMPANY DEBT" shall mean the GCC Spain
                  Refinancing Intercompany Debt, the GCC Spain Pre-Closing
                  Intercompany Debt and the GCC Spain Post-Closing Intercompany
                  Debt, each to the extent permitted by Section 6.01(i) and
                  Section 6.04.

                  (c)   The definition of "GCC SPAIN REFINANCING INTERCOMPANY
            DEBT" is amended and restated to read in its entirety as follows:

                        "GCC SPAIN REFINANCING INTERCOMPANY DEBT" shall mean the
                  unsecured Indebtedness owing by General Cable Spain Holdings
                  to Holdings arising due to repayment in full of obligations of
                  General Cable Spain Holdings under the applicable agreements
                  listed on Schedule 1.01(b) with the proceeds of an
                  intercompany advance made by Holdings to General Cable Spain
                  Holdings on or before the Closing Date in anticipation of the
                  Refinancing.

                  (d)   Clause (c) of the definition of the term "PERMITTED
            NON-LOAN FUNDED ACQUISITIONS" is amended and restated to read in its
            entirety as follows:

                                       2

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                  (c)   (i) merger or consolidation or any other combination of
            Borrower or any of the other Borrowing Base Guarantors with any
            other Person (so long as Borrower or such other Borrowing Base
            Guarantor shall be the surviving entity) or (ii) merger or
            consolidation or any other combination of any Foreign Subsidiary
            with any other:

                        (A) Foreign Person which owns assets and operates
                  business within the United States or Canada; provided, that
                  (x) the aggregate fair market value of all assets within the
                  United States or Canada of all such Foreign Persons acquired
                  after the Closing Date do not exceed $5.0 million and (y) all
                  such assets shall be transferred to a Domestic or a Canadian
                  Guarantor within 30 days of the consummation of the Permitted
                  Non-Loan Funded Acquisition involving such Foreign Person or

                        (B) Foreign Person which owns assets and operates
                  business outside the United States and Canada

                  so long as such Foreign Subsidiary is the surviving entity in
                  each case such Foreign Subsidiary is a Guarantor or a Foreign
                  Subsidiary whose Equity Interest has been pledged and
                  delivered to the Collateral Agent for the benefit of the
                  Secured Parties.

            (e)   A new Section 2.02(g) is added to Section 2.02 of the Credit
      Agreement to read in its entirety as follows:

                  (g)   Borrower hereby authorizes Administrative Agent to, and
            in its sole election Administrative Agent may, debit to the
            Revolving Loan expenses reimbursable to Agents, Lenders and Issuing
            Bank pursuant to Sections 11.03 or pursuant to other Loan Documents.

            (f)   Section 2.10(a) of the Credit Agreement is amended and
      restated in its entirety to read as follows:

                  (a)   Optional Prepayments. In addition to prepayments of
            Borrowings in accordance with Section 9.01 hereof, Borrower shall
            have the right at any time and from time to time to prepay any
            Borrowing (other than Borrowings constituting Swingline Loans), in
            whole or in part, subject to the requirements of this Section 2.10;
            provided, that each partial prepayment shall be in an amount that is
            an integral multiple of $1.0 million and not less than $5.0 million.

            (g)   Section 2.10(j)(iii) of the Credit Agreement is amended
      and restated to read in its entirety as follows:

                  (iii) in the case of prepayment of a Swingline Loan, not later
            than 12:00 (noon), New York City time, on the date of prepayment

                                       3

<PAGE>

            (h)   The last sentence of Section 2.18(b) of the Credit Agreement
      is amended and restated in its entirety to read as follows:

                  Unless the Issuing Bank shall agree otherwise, no Letter of
            Credit shall be in an initial amount less than $100,000.

            (i)   Section 2.19(a)(xv)(b) of the Credit Agreement is hereby
      amended and restated to read in its entirety as follows:

                  (b)   any Account which is due according to its original terms
            of sale more than 90 days after its original invoice date, except as
            may be approved in advance and in writing by Collateral Agent in its
            discretion, with such limitations as the Collateral Agent may deem
            appropriate; it being understood that (I) as of the Closing Date, an
            AutoZone Account, a Robert Bosch Account, or an Account of Graybar
            Electric Company, Inc. or State Electric Supply Co., Inc. which is
            due according to its original terms of sale more than 90 days after
            its original invoice date shall not be deemed in default by reason
            of this clause (b) or by reason of clause (a) above, as long as such
            Account is not more than 30 days past due according to its original
            terms of sale and does not remain unpaid for more than 150 days
            after its original invoice date; (II) to the extent AutoZone, Inc.
            or Robert Bosch Corporation is an Investment Grade Account Debtor,
            an AutoZone Account or Robert Bosch Account which is due according
            to its original terms of sale more than 90 days after its original
            invoice date shall not be deemed in default by reason of this clause
            (b) or by reason of clause (a) above, as long as such Account is not
            more than 30 days past due according to its original terms of sale
            and does not remain unpaid for more than 180 days after its original
            invoice date, and (III) (A) if the aggregate Available Amounts of
            all AutoZone Accounts that are Eligible Accounts shall at any time
            exceed 25% of the aggregate Available Amounts of all Eligible
            Accounts which are included in the Borrowing Base, then the
            Collateral Agent may establish a Reserve in the exercise of its
            reasonable credit judgment in an amount equal to the excess of the
            aggregate Available Amounts of such AutoZone Accounts over 25% of
            the aggregate Available Amounts of all Eligible Accounts, and (B) if
            the aggregate Available Amounts of all Robert Bosch Accounts that
            are Eligible Accounts shall at any time exceed 7% of the aggregate
            Available Amounts of all Eligible Accounts which are included in the
            Borrowing Base, then the Collateral Agent may establish a Reserve in
            the exercise of its reasonable credit judgment in an amount equal to
            the excess of the aggregate Available Amounts of such Robert Bosch
            Accounts over 7% of the aggregate Available Amounts of all Eligible
            Accounts,

            (j)   Schedule 5.14 to the Credit Agreement is hereby amended and
      restated in its entirety to read as Schedule 5.14 attached hereto.

            (k)   Section 5.15(e) of the Credit Agreement is hereby amended and
      restated in its entirety to read as follows:

                                       4
<PAGE>

                  (e)   on the date any Borrowing Base Certificate is delivered
            pursuant to paragraph (a) above following the most recent fiscal
            quarter then ended or at such more frequent intervals as the
            Collateral Agent may request from time to time (together with a copy
            of all or any part of such delivery requested by any Lender in
            writing after the Closing Date), a general description of material
            assets (other than Eligible Equipment or Eligible Real Property)
            owned by the Loan Parties which have been disposed of;

            (l)   Section 5.15(f) of the Credit Agreement is hereby amended and
      restated in its entirety to read as follows:

                  (f)   on the date any Borrowing Base Certificate is delivered
            pursuant to paragraph (a) above following the most recent fiscal
            quarter then ended or at such more frequent intervals as the
            Collateral Agent may request from time to time (together with a copy
            of all or any part of such delivery requested by any Lender in
            writing after the Closing Date), a list of any applications for the
            registration of any patent, trademark or copyright with the United
            States Patent and Trademark Office, the United States Copyright
            Office, the Canadian Intellectual Property Office or any similar
            office or agency which any Loan Party has filed in the prior fiscal
            quarter;

            (m)   Section 6.01(h) of the Credit Agreement is hereby amended an d
      restated in its entirety to read as follows:

                  (h)   Indebtedness incurred by General Cable Spain pursuant to
            the European Term Loan Documents as long as (i) the aggregate
            principal amount of all such Indebtedness at any time outstanding
            does not exceed EUR 50.0 million, (ii) the proceeds of such
            Indebtedness are immediately applied by General Cable Spain to make
            a Restricted Payment in an amount equal to $27,687,748.15 to General
            Cable Spain Holdings, the proceeds of which shall be immediately
            applied by General Cable Spain Holdings to repay to Holdings the GCC
            Spain Refinancing Intercompany Debt in an amount equal to
            $27,687,748.15, the proceeds of which shall be immediately advanced
            by Holdings to Borrower, and the proceeds of which Borrower shall
            immediately use to repay the Obligations (without reduction in
            Commitments) and (iii) the proceeds of such Indebtedness are
            immediately applied by General Cable Spain to repay to Borrower any
            and all GCC Spain Intercompany Debt incurred after the Closing Date,
            the proceeds of which Borrower shall immediately use to repay the
            Obligations (without reduction in Commitments);

            (n)   Section 6.01(i)(iv) of the Credit Agreement is hereby amended
      and restated in its entirety to read as follows:

                  (iv)  in each case, such Indebtedness shall
            simultaneously be recorded on General Cable Spain's, General Cable
            Spain Holdings', Borrower's and Holdings' ledgers, as applicable, as
            an intercompany loan and shall be evidenced by a promissory note in
            substantially the form of Exhibit L, which shall be

                                       5

<PAGE>

            pledged (and delivered) by Borrower and Holdings as Collateral
            pursuant to the Security Agreement;

            (o)   Section 6.04(d)(iii) of the Credit Agreement is hereby amended
      and restated in its entirety to read as follows:

                  (iii) Borrower or Holdings may make intercompany loans or
            advances to General Cable Spain or General Cable Spain Holdings
            giving rise to the GCC Spain Intercompany Debt to the extent
            permitted in Section 6.01(i)

            (p)   Exhibit N to the Credit Agreement is hereby amended and
      restated in its entirety to read as Exhibit N attached hereto.

      SECTION 2. MERGER OF CERTAIN GUARANTORS. The parties hereto further
acknowledge and agree as follows:

            (a)   The Agents and Lenders hereby acknowledge the completion of
      the mergers of General Cable Resources and General Cable Holdings, Inc., a
      Delaware corporation, with and into Holdings (collectively, the "Merger"),
      as permitted by Section 6.05(h) of the Credit Agreement. Attached hereto
      as Exhibit A is a true, correct and complete corporate organization chart
      evidencing the corporate structure of Holdings and all of its Subsidiaries
      after giving effect to the Merger.

            (b)   Within five (5) Business Days following the date hereof, the
      Borrower shall cause Holdings to deliver to the Collateral Agent (i) a
      certified copy of the Certificate of Merger from the Secretary of State of
      Delaware and (ii) a certificate of the Secretary or Assistant Secretary of
      the Holdings certifying and attaching the incumbency certificate and
      resolutions approving the Merger and execution, delivery and performance
      of the transactions to be consummated in connection therewith, certified
      as of the date hereof in full force and effect without any modification or
      amendment.

            (c)   The Collateral Agent shall be authorized to file UCC-3
      amendments to any and all UCC filings against Holdings, General Cable
      Resources or the applicable Guarantor and/or any other financing
      statements that the Collateral Agent may deem necessary or desirable as a
      result of the Merger in order to maintain the perfection of the Collateral
      Agent's Liens.

            (d)   All references in the Credit Agreement or in any Loan Document
      to "General Cable Holdings, Inc." and "General Cable Resources" are hereby
      deleted in their entirety and replaced with a reference to "Holdings."

                                       6

<PAGE>

      SECTION 3. LLC CONVERSION. Notwithstanding Section 6.05 of the Credit
Agreement or any other provision in any Loan Document to the contrary, upon 30
days prior written notice to the Agents, the Agents shall consent to the LLC
Conversion, which consent shall be effective on the date (the "LLC Conversion
Effective Date") on which all of the following conditions precedent are
satisfied as determined by the Agents in their sole discretion:

            (a)   Holdings, Borrower, New Intermediate Holdings and the other
      Loan Parties shall authorize the Collateral Agent to file, at such Loan
      Parties' expense, such financing statements, security agreements, pledge
      agreements and guaranties or supplements thereto, and other collateral
      documents and instruments and do and cause to be done such further acts,
      as may be necessary or proper, in the reasonable opinion of the Collateral
      Agent as a result of the LLC Conversion, to continue the Collateral
      Agent's first priority perfected Lien on the Collateral.

            (b)   Intermediate Holdings shall have delivered to the Collateral
      Agent an unsigned copy of a certificate of the Secretary or Assistant
      Secretary of New Intermediate Holdings to be delivered following the
      effective date of the LLC Conversion certifying and attaching a copy of
      New Intermediate Holdings' Operating Agreement, Incumbency Certificate and
      resolutions approving the LLC Conversion.

            (c)   Within two (2) Business Days following the LLC Conversion
      Effective Date, New Intermediate Holdings shall deliver to the Collateral
      Agent (i) a certified copy of the Certificate of Formation of New
      Intermediate Holdings from the Secretary of State of Delaware, (ii) a
      Certificate of Existence from the Secretary of State of Delaware, and
      (iii) a certificate of the Secretary or Assistant Secretary of New
      Intermediate Holdings certifying and attaching New Intermediate Holdings'
      Operating Agreement (including any amendments), Incumbency Certificate and
      resolutions approving the LLC Conversion (which such certificate,
      Operating Agreement and resolutions shall be in precisely the same form as
      the copy of each such document delivered pursuant to paragraph (c) above
      hereof), certified as of the date thereof in full force and effect without
      any modification or amendment.

            (d)   Within ten (10) days following the LLC Conversion Effective
      Date, New Intermediate Holdings shall have delivered to the Collateral
      Agent its stock certificate re-issued to Holdings.

            (e)   Within ten (10) days following the LLC Conversion Effective
      Date, New Intermediate Holdings shall have delivered to the Collateral
      Agent the applicable amendment to Mortgages evidencing Liens on Mortgaged
      Real Property owned by Intermediate Holdings.

The effect of the consent set forth in Section 3 above shall be revoked,
terminate and be of no further force or effect if such condition precedents set
forth in above shall not have been met within the time periods set forth above.

                                       7

<PAGE>

      SECTION 4. CONDITIONS TO EFFECTIVENESS. This Amendment shall be effective
upon satisfaction of the following conditions precedent:

            (a)   This Amendment shall have been executed and delivered by the
      Supermajority Lenders and the Loan Parties.

            (b)   The representations and warranties contained herein shall be
      true and correct in all respects, and, after giving effect to this
      Amendment, no Event of Default or Default shall exist on the date hereof.

      SECTION 5. REPRESENTATIONS AND WARRANTIES OF LOAN PARTIES.

      (a)   The execution, delivery and performance by each Loan Party of this
Amendment has been duly authorized by all necessary corporate action and this
Amendment is a legal, valid and binding obligation of such Loan Party
enforceable against such Loan Party in accordance with its terms, except as the
enforcement thereof may be subject to (i) the effect of any applicable
bankruptcy, insolvency, reorganization, moratorium or similar law affecting
creditors' rights generally and (ii) general principles of equity (regardless of
whether such enforcement is sought in a proceeding in equity or at law);

      (b)   Each of the representations and warranties contained in the Credit
Agreement is true and correct in all material respects on and as of the date
hereof as if made on the date hereof, except to the extent that such
representations and warranties expressly relate to an earlier date; and

      (c)   Neither the execution, delivery and performance of this Amendment by
each Loan Party nor the consummation of the transactions contemplated hereby
does or shall contravene, result in a breach of, or violate (i) any provision of
such Loan Party's certificate or articles of incorporation or bylaws, (iii) any
law or regulation, or any order or decree of any court or government
instrumentality, or (iii) any indenture, mortgage, deed of trust, lease,
agreement or other instrument to which such Loan Party or any of its
Subsidiaries is a party or by which such Loan Party or any of its Subsidiaries
or any of their property is bound, except in any such case to the extent such
conflict or breach has been waived by a written waiver document, a copy of which
has been delivered to the Agents on or before the date hereof.

      SECTION 6. REFERENCE TO AND EFFECT UPON THE CREDIT AGREEMENT.

      (a)   Except as specifically set forth above, the Credit Agreement and the
other Loan Documents shall remain in full force and effect and are hereby
ratified and confirmed.

      (b)   The execution, delivery and effectiveness of this Amendment shall
not operate as a waiver of any right, power or remedy of any Agent or any Lender
under the Credit Agreement or any other Loan Document, nor constitute amendment
of any provision of the Credit Agreement or any other Loan Document, except as
specifically set forth herein. Upon the effectiveness of this Amendment, each
reference in the Credit Agreement to "this Agreement", "hereunder", "hereof",
"herein" or words of similar import shall mean and be a reference to the Credit
Agreement as amended hereby.

                                       8
<PAGE>

      (c) Each Loan Party acknowledges and agrees that the execution and
delivery by Agents and Supermajority Lenders of this Amendment shall not be
deemed (i) to create a course of dealing or otherwise obligate Agents or Lenders
to forbear, waive, consent or execute similar amendments under the same or
similar circumstances in the future, or (ii) to amend, relinquish or impair any
right of Agents or Lenders to receive any indemnity or similar payment from any
Person or entity as a result of any matter arising from or relating to this
Amendment.

      (b) Each Loan Party affirms and acknowledges that this Amendment
constitutes a Loan Document under the Credit Agreement and any reference to the
Loan Documents under the Credit Agreement contained in any notice, request,
certificate or other document executed concurrently with or after the execution
and delivery of this Amendment shall be deemed to include this Amendment unless
the context shall otherwise specify.

      SECTION 7. COSTS AND EXPENSES. As provided in Section 11.03 of the Credit
Agreement, Borrower agrees to reimburse Agents for all fees, costs and expenses,
including the fees, costs and expenses of counsel or other advisors for advice,
assistance, or other representation in connection with this Amendment.

      SECTION 8. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AS OPPOSED TO CONFLICTS OF LAWS
PROVISIONS) OF THE STATE OF NEW YORK.

      SECTION 9. 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 purposes.

      SECTION 10. 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. In the event
that any signature is delivered by facsimile transmission, such signature shall
create a valid and binding obligation of the party executing (or on whose behalf
the signature is executed) the same with the same force and effect as if such
facsimile signature page were an original thereof, and such party shall promptly
follow its facsimile signature page by mailing of a hard copy original.

                            [Signature Pages Follow]

                                       9
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the date first written above.

                                    BORROWER:

                                    GENERAL CABLE INDUSTRIES, INC., as the
                                    Borrower

                                    By:\s\Christopher F. Virgulak
                                       ----------------------------
                                    Name:Christopher F. Virgulak
                                    Title:Executive Vice President

             [Signature Page to First Amendment to Credit Agreement]
<PAGE>

                            AGENTS:

                            MERRILL LYNCH CAPITAL, A DIVISION OF
                            MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC.,
                            as a Lender, Collateral Agent and Syndication Agent

                            By:\s\ Tamara Roehm
                              -------------------
                            Name: Tamara Roehm
                            Title: Vice President

            [Signature Page to First Amendment to Credit Agreement]

<PAGE>

                                    UBS AG, STAMFORD BRANCH,
                                    as Issuing Bank and Administrative Agent

                                    By:\s\ Wilfred V. Saint
                                       -----------------------
                                    Name: Wilfred V. Saint
                                    Title: Director, Banking Products Services

                                    By:\s\ Joselin Fernandes
                                       ------------------------
                                    Name: Joselin Fernandes
                                    Title: Associate Director,Banking Products
                                             Services

                                    UBS LOAN FINANCE LLC, as a Lender
                                    and Swingline Lender

                                    By:\s\ Barbara Ezell-McMichael
                                       ------------------------------
                                    Name: Barbara Ezell-McMichael
                                    Title: Associate Director,Banking Products
                                          Services
                                    By:\s\ Doris Mesa
                                      -----------------
                                    Name: Doris Mesa
                                    Title: Associate Director,Banking Products
                                           Services

            [Signature Page to First Amendment to Credit Agreement]

<PAGE>

                                   LENDERS:

                                   By:\s\ Allied Irish Banks, p.l.c.
                                     ---------------------------------

                                   By:\s\ Bank One, N.A.
                                     ---------------------

                                   By:\s\ The CIT Group/Business Credit, Inc.
                                     ------------------------------------------

                                   By:\s\ Fleet Capital
                                     --------------------

                                   By:\s\ General Electric Capital Corporation
                                     -------------------------------------------

                                   By:\s\ GMAC Commercial Finance, LLC
                                     -----------------------------------

                                   By:\s\ LaSalle Bank National Association
                                     ----------------------------------------

                                   By:\s\ National City Business Credit, Inc.
                                     ------------------------------------------
                                   (fka National City Commercial Finance, Inc.)
                                   --------------------------------------------

                                   By:\s\ PB Capital Corporation
                                     -----------------------------

                                   By:\s\ The Provident Bank
                                     -------------------------

                                   By:\s\ RZB Finance LLC
                                     ----------------------

                                   By:\s\ Webster Business Credit Corporation
                                     ------------------------------------------

                                   By:\s\ Wells Fargo Foothill, LLC
                                     --------------------------------

             [Signature Page to First Amendment to Credit Agreement]

<PAGE>

                                  The following Persons are signatories to
                                  this Amendment in their capacity as Loan
                                  Parties.

                                  GENERAL CABLE COMPANY, as a Loan Party,
                                  Guarantor and Borrowing Base Guarantor

                                  By:\s\ Christopher F. Virgulak
                                    ------------------------------
                                  Name:  Christopher F. Virgulak
                                  Title: Executive Vice President

                                  GENERAL CABLE CORPORATION, as a Loan Party,
                                  Borrowing Base Guarantor and Guarantor

                                  By: s\ Christopher F. Virgulak
                                    ------------------------------
                                  Name: Christopher F. Virgulak
                                  Title:Executive Vice President

                                  GK TECHNOLOGIES, INCORPORATED, as a Loan
                                  Party, Borrowing Base Guarantor and Guarantor

                                  By:\s\Christopher F. Virgulak
                                    ----------------------------
                                  Name: Christopher F. Virgulak
                                  Title:Executive Vice President

                                  GENERAL CABLE INDUSTRIES, LLC, as a Loan
                                  Party, Borrowing Base Guarantor and Guarantor

                                  By:\s\ Christopher F. Virgulak
                                     -----------------------------
                                  Name:  Christopher F. Virgulak
                                  Title: Executive Vice President

             [Signature Page to First Amendment to Credit Agreement]

<PAGE>

                                    GENERAL CABLE TECHNOLOGIES CORPORATION,
                                    as a Loan Party, Borrowing Base Guarantor
                                    and Guarantor

                                    By:\s\Christopher F. Virgulak
                                       ----------------------------
                                    Name:  Christopher F. Virgulak
                                    Title: President

                                    GENERAL CABLE TEXAS OPERATIONS, L.P., as a
                                    Loan Party, Borrowing Base Guarantor and
                                    Guarantor

                                    By: GENERAL CABLE INDUSTRIES, INC., its
                                    general partner

                                    By:\s\ Christopher F. Virgulak
                                       ------------------------------
                                    Name:  Christopher F. Virgulak
                                    Title: Executive Vice President

                                    MARATHON MANUFACTURING HOLDINGS,INC.,
                                    as a Loan Party and Guarantor

                                    By:\s\ Christopher F. Virgulak
                                       ---------------------------
                                    Name:   Christopher F. Virgulak
                                    Title: Executive Vice President

                                    GENERAL CABLE OVERSEAS HOLDINGS, INC., as
                                    a Loan Party and Guarantor

                                    By:\s\ Christopher F. Virgulak
                                       -----------------------------
                                    Name:  Christopher F. Virgulak
                                    Title: Executive Vice President

                                    GENERAL CABLE MANAGEMENT LLC, as a Loan
                                    Party and Guarantor

                                    By:\s\ Christopher F. Virgulak
                                       -----------------------------
                                    Name:   Christopher F. Virgulak
                                    Title:  Executive Vice President

            [Signature Page to First Amendment to Credit Agreement]

<PAGE>

                                    DIVERSIFIED CONTRACTORS,INC.,as a Loan Party
                                    and Guarantor

                                    By:\s\ Christopher F. Virgulak
                                       ----------------------------
                                    Name: Christopher F. Virgulak
                                    Title:Executive Vice President

                                    MLTC COMPANY, as a Loan Party and Guarantor

                                    By:\s\ Christopher F. Virgulak
                                       ----------------------------
                                    Name:  Christopher F. Virgulak
                                    Title: Executive Vice President

                                    MARATHON STEEL COMPANY, as a Loan Party
                                    and Guarantor

                                    By:\s\ Christopher F. Virgulak
                                       -----------------------------
                                    Name:  Christopher F. Virgulak
                                    Title: Executive Vice President

                                    GENCA CORPORATION, as a Loan Party
                                    and Guarantor

                                    By:\s\ Christopher F. Virgulak
                                       ------------------------------
                                    Name:  Christopher F. Virgulak
                                    Title: Executive Vice President

                                    GENERAL CABLE CANADA LTD., as a Loan Party
                                    and Guarantor

                                    By:\s\ Christopher F. Virgulak
                                       ----------------------------
                                    Name:  Christopher F. Virgulak
                                    Title: Executive Vice President

                                    GENERAL CABLE DE MEXICO DEL NORTE SA DE CV,
                                    as a Loan Party and Guarantor

                                    By:\s\ Christopher F. Virgulak
                                       ----------------------------
                                    Name:  Christopher F. Virgulak
                                    Title: Executive Vice President

            [Signature Page to First Amendment to Credit Agreement]

<PAGE>

                                    GENERAL CABLE DE LATINOAMERICA, SA DE CV,
                                    as a Loan Party and Guarantor

                                    By:\s\ Christopher F. Virgulak
                                       ----------------------------
                                    Name:  Christopher F. Virgulak
                                    Title: Vice President

            [Signature Page to First Amendment to Credit Agreement]

<PAGE>

                                    EXHIBIT A

                          CORPORATE ORGANIZATION CHART

                                [To Be Attached]

<PAGE>

                                  SCHEDULE 5.14

                         POST-CLOSING COLLATERAL MATTERS

      1.    On or before July 1, 2004, Borrower shall use their best efforts to
            deliver, or cause to be delivered, to the Collateral Agent's counsel
            (in form and substance satisfactory to the Collateral Agent) a
            deposit account control agreement with respect to deposit accounts
            of General Cable Company, a Canadian corporation, held at a
            financial institution reasonably satisfactory to the Collateral
            Agent.

      2.    On or before April 5, 2004, Borrower shall deliver to the Collateral
            Agent revised Title Policies (or endorsements to the existing Title
            Policies) deleting the "general survey exception" with respect to
            the Mortgaged Real Properties located in Highland Heights, Kentucky
            and Lawrenceburg, Kentucky.

      3.    With respect to the Mortgaged Real Property located in Marion,
            Indiana, Borrower will use commercially reasonable efforts to obtain
            a Quitclaim and Corrective Deed for the portion of such property
            known as "Tract II" from BICC Cables Corporation to General Cable
            Industries, Inc. Borrower has already commenced such efforts and
            will continue to pursue such efforts for a period of one hundred
            eighty (180) days after the Closing Date. If Borrower is successful
            in obtaining the Quitclaim and Corrective Deed as aforesaid, then
            within thirty (30) days thereafter, Borrower will execute and
            deliver to the Collateral Agent an Amendment to the Mortgage adding
            such "Tract II" to the lien of the Mortgage, and will obtain a
            revised Title Policy, or endorsement thereto, which adds "Tract II"
            to the legal description of the insured property.

      4.    On or before April 26, 2004, with respect to the Real Properties
            located in Chino, California and Toronto, ON, Canada, Borrower will
            use commercially reasonable efforts to obtain landlord lien waivers
            in form and substance reasonably acceptable to the Collateral Agent.
            The parties hereto acknowledge that such efforts will require the
            assistance of Lender's counsel to complete on a timely basis.

<PAGE>

                                    EXHIBIT N

                       FORM OF BORROWING BASE CERTIFICATE

                                [To be Attached]<PAGE>

Exhibit 10(a)

                                Eaton Corporation

                Plan for the Deferred Payment of Directors' Fees
  (originally adopted in 1985 and amended effective as of September 24, 1996,
           January 28, 1998, January 23, 2002 and February 24, 2004)

                                       21

<PAGE>

                                    ARTICLE I

                              ESTABLISHMENT OF PLAN

1.01       "Establishment of Plan and Effective Date": Eaton Corporation (the
           "Company") has established this Plan for the Deferred Payment of
           Directors' Fees(the "Plan") effective as of October 23, 1985. The
           Plan was amended and restated as of September 24, 1996, January 28,
           1998, January 23, 2002 and February 24, 2004.

1.02       "Statement of Purpose": It is the purpose of the Plan to attract and
           retain qualified persons to serve as Directors of the Company by
           enabling such Directors to defer some or all fees which may be
           payable to them for future services as a member of the Board of
           Directors of the Company or as chairman or a member of any committee
           of the Board.

                                       22

<PAGE>

                                   ARTICLE II

                                   DEFINITIONS

            When used herein the following terms shall have the meanings
indicated unless a different meaning is clearly required by the context:

2.01        "Board":  The Board of Directors of Eaton Corporation.

2.02       "Change in Control of the Company": For purposes of the Plan, a
           "Change in Control of the Company" shall be deemed to have occurred
           if (i) a tender offer shall be made and consummated for the ownership
           of securities of the Company representing 25% or more of the combined
           voting power of the Company's then outstanding voting securities,
           (ii) the Company shall be merged or consolidated with another
           corporation and as a result of such merger or consolidation less than
           75% of the outstanding voting securities of the surviving or
           resulting corporation shall be owned in the aggregate by the former
           shareholders of the Company, other than affiliates (within the
           meaning of the Securities Exchange Act of 1934 (the "Exchange Act"))
           of any party to such merger or consolidation, as the same shall have
           existed immediately prior to such merger or consolidation, (iii) the
           Company shall sell substantially all of its assets to another
           corporation which is not a wholly-owned subsidiary of the Company,
           (iv) any "person" (as such term is used in Sections 3(a)(9) and
           13(d)(3) of the Exchange Act) is or becomes the beneficial owner,
           directly or indirectly, of securities of the Company representing 25%
           or more of the combined voting power of the Company's then
           outstanding securities, or (v) during any period of two consecutive
           years, individuals who at the beginning of such period constitute the
           Board cease for any reason to constitute at least a majority thereof
           unless the election, or the nomination for election by the Company's
           shareholders, of each new Director was approved by a vote of at least
           two-thirds of the Directors then still in office who were Directors
           at the beginning of the period. For purposes of the Plan, ownership
           of voting securities shall take into account and include ownership as
           determined by applying the provisions of Rule 13d-3(d)(1)(i) of the
           Exchange Act (as then in effect).

2.03       "Committee": The Governance Committee of the Board which shall have
           full power and authority to administer and interpret, in its sole
           discretion, the provisions of the Plan.

2.04       "Company":  Eaton Corporation and its corporate successors.

2.05       "Compensation": The total annual fees paid to a Participant for
           services as a Director of the Company including the annual retainer
           fee, Board meeting attendance fees, additional annual retainer fees
           paid to Board Committee chairmen and any other fees paid by the
           Company for services as a Director of the Company.

2.06       "Deferral Plans": The Company's plan of the same name as this Plan
           and this Plan.

2.07       "Deferred Account Balance": At any particular date, the total of all
           Compensation deferred under the Plan and earnings credited thereto
           less the amount of any deferred Compensation previously paid to the
           Participant.

                                       23

<PAGE>

2.08       "Deferred Compensation Agreement": The written agreement between the
           Company and a Participant substantially in the form attached hereto
           as Exhibit A and made a part hereof.

2.09       "Designated Beneficiary": One or more beneficiaries, as designated by
           a Participant in a written form filed with the Vice President and
           Secretary of the Company and approved by the Committee, to whom
           payments otherwise due to or for the benefit of the Participant
           hereunder shall be made in the event of his death prior to the
           commencement of benefit payments hereunder or the complete payment of
           such benefit. In the event no such written designation is made by a
           Participant or if such Designated Beneficiary shall not be in
           existence at the time of the Participant's death or if such
           Designated Beneficiary predeceases the Participant, the Participant
           shall be deemed to have designated his estate as the Designated
           Beneficiary.

2.10       "Failure to Pay": The circumstances described in either (i) or (ii)
           have occurred:

           (i)    Any Participant shall have notified the Company and the
                  Trustee in writing that the Company shall have failed to pay
                  to the Participant, when due, either directly or by direction
                  to the trustee of any trust holding assets for the payment of
                  benefits pursuant to the Plan, at least 75% of any and all
                  amounts which the Participant was entitled to receive at any
                  time in accordance with the terms of the Plan, and that such
                  amounts remain unpaid. Such notice must set forth the amount,
                  if any, which was paid to the Participant, and the amount
                  which the Participant believes he or she was entitled to
                  receive under the Plan. The failure to make such payment shall
                  have continued for a period of 30 days after receipt of such
                  notice by the Company, and during such 30-day period the
                  Company shall have failed to prove, by clear and convincing
                  evidence as determined by the Trustee in its sole and absolute
                  discretion, that such amount was in fact paid or was not due
                  and payable; or

           (ii)   More than two Participants shall have notified the Company and
                  the Trustee in writing that they have not been paid when due,
                  either directly or by direction to the Trustee, amounts to
                  which they are entitled under the Plan and that such amounts
                  remain unpaid. Each such notice must set forth the amount, if
                  any, which was paid to the Participant, and the amount which
                  the Participant believes he was entitled to receive under the
                  Plan. Within 15 days after receipt of each such notice, the
                  Trustee shall determine, on a preliminary basis, whether any
                  failure to pay such Participants has resulted in a failure to
                  pay when due, directly or by direction, at least 75% of the
                  aggregate amount due to all Participants under all the
                  Deferral Plans in any two-year period, and that such amounts
                  remain unpaid. If the Trustee determines that such a failure
                  has occurred, then it shall so notify the Company and the
                  Participants in writing within the same 15 day period. Within
                  a period of 20 days after receipt of such notice from the
                  Trustee, the Company shall have failed to prove by clear and
                  convincing evidence, in the sole and absolute discretion of
                  the Trustee, that such amount was paid or was not due and
                  payable.

2.11       "Funded Amount": With respect to the account of any Participant, the
           value of any assets which have been placed in a grantor trust
           established by the Company to pay benefits with respect to that
           account, as determined at the time initial payments are to be made
           pursuant to the selections made by the Participants in accordance
           with Section 6.03.

                                       24

<PAGE>

2.12       "Lump Sum Payment": The lump sum amount which is equal to the then
           present value of the payment, in fifteen annual payments commencing
           on the date of the lump sum payment, of the Participant's Deferred
           Account Balance plus a rate of return thereon equal to the rate or
           rates of interest specified in the Participant's Deferred
           Compensation Agreement throughout that fifteen year period,
           discounted with a rate of interest equal to "Moody's Corporate Bond
           Yield Average - Monthly (Average Corporates)" most recently published
           by Moody's Investor Services, Inc., or any successor thereto, at the
           time of the calculation.

2.13       Reserved.

2.14       "Normal Plan Participation Termination Date": The date of the Annual
           Meeting of the Company's shareholders immediately following the date
           a Participant attains the age of sixty-eight (68).

2.15       "Participant": A Director who is or hereafter becomes eligible to
           participate in the Plan and does participate by electing, in the
           manner specified herein, to defer Compensation pursuant to the Plan.

2.16       "Plan": This Plan for the Deferred Payment of Directors' Fees as
           contained herein which was originally effective as of October 23,
           1985, and which has been amended from time to time thereafter.

2.17       "Regular Annuity Starting Date": The April 1st immediately following
           a Participant's Normal Plan Participation Termination Date.

2.18       "Termination and Change in Control": The termination of the service
           as a Director of a Participant for any reason whatsoever prior to a
           Change in Control, upon a Change in Control or during the three-year
           period immediately following a Change in Control.

2.19       "Trustee": Shall mean the trustee of any trust which holds assets for
           the payment of the benefits provided by the Plan.

                                       25

<PAGE>

                                   ARTICLE III

                          ELIGIBILITY AND PARTICIPATION

3.01       "Eligibility": Any Director of the Company who is separately
           compensated for his services on the Board and who is first elected to
           the Board prior to 1996 shall be eligible to participate under the
           Plan. Directors who serve as either an officer or an employee of the
           Company, or who are first elected after 1995, shall not be eligible
           to participate under the Plan.

3.02       "Manner of Election":

           (a)        Any person wishing to commence participation in the Plan
                      must file a signed copy of the Deferred Compensation
                      Agreement in the form attached as Exhibit A with the Vice
                      President and Secretary of the Company at Eaton Center,
                      Cleveland, Ohio 44114. If the Company accepts the
                      Election, an eligible Director shall become a Participant
                      in the Plan as of December 1, 1985 for an Election filed
                      in 1985 and as of the January 1st immediately following
                      the date an Election is filed in any year after 1985 if
                      such Election is filed prior to December 1 of such year.
                      Upon the request of a Participant, the Committee may in
                      its sole discretion approve the termination of future
                      deferrals by such Participant.

           (b)        The Board shall be vested with the authority to deny
                      Participants the opportunity to defer future Compensation
                      pursuant to the Plan for any reason if such denial is
                      applied equitably to all Participants; provided, however,
                      that the foregoing authority does not apply to any
                      Participant's right to continue to defer the amount
                      constituting his then existing Deferred Account Balance
                      and any past and future earnings thereon, which amounts
                      shall continue to be deferred and/or paid in accordance
                      with the other terms and conditions of this Plan.

3.03       "Limits on Deferred Compensation":

           (a)        Subject to required minimum and maximum annual limitations
                      on the amount of Compensation which may be deferred equal
                      to $5,000 and $30,000, respectively, a Participant may
                      defer all or any portion of his future Compensation which
                      is earned during a period of at least four (4) years (16
                      full calendar quarters) or for the period to his Normal
                      Plan Participation Termination Date, if earlier, or for
                      any period of time longer than four years which ends prior
                      to his Normal Plan Participation Termination Date. Nothing
                      contained in the Plan shall restrict any Director of the
                      Company from participating in or deferring compensation
                      pursuant to any other Company plan for the deferral of
                      Directors' fees.

           (b)        Notwithstanding the annual limitations imposed under
                      Section 3.03(a), an eligible Participant under the Plan
                      may elect, in the manner specified in Section 3.02, prior
                      to December 1, 1985, to have all or part of his
                      Compensation which was deferred under the 1980 Plan to be
                      held and distributed in accordance with the terms and
                      conditions of the Plan.

                                       26

<PAGE>

                                   ARTICLE IV

                                    BENEFITS

4.01       "Normal Plan Participation Termination Benefit":

           (a)        The Normal Plan Participation Termination Benefit is a
                      level fifteen (15) year annuity payable to a Participant
                      after his Normal Plan Participation Termination Date in
                      fifteen (15) equal annual installments commencing on the
                      Participant's Regular Annuity Starting Date and continuing
                      on the anniversary of that date each year thereafter until
                      fifteen (15) annual payments have been made;

           (b)        The Normal Plan Participation Termination Benefit shall be
                      calculated by reference to the Participant's total
                      Compensation deferred under the Plan and the rate or rates
                      of interest specified in his Deferred Compensation
                      Agreement; provided, however, that the Committee may
                      determine, in its sole discretion, to pay the Normal Plan
                      Participation Termination Benefit in a Lump Sum Payment.

4.02       "Early Termination Benefit": The Normal Plan Participation
           Termination Benefit provided under the Plan is based on the
           assumption that each Participant will defer a specified amount of
           Compensation for a specified period of time of not less than (4)
           years or to his Normal Plan Participation Termination Date, if
           earlier. In the event a Participant has not deferred Compensation in
           accordance with the terms and conditions of the Plan for at least
           four (4) years, resigns as a Director of the Company on a date which
           is before i) the end of the deferral period he elected or ii) his
           Normal Plan Participation Termination Date, and iii) any Proposed
           Change in Control of the Company, then in lieu of the Normal Plan
           Participation Termination Benefit described in Section 4.01(a)
           hereof, the Participant shall be entitled to receive an Early
           Termination Benefit either at age 68 or at the date of his
           termination as a Director, as determined by the Committee in its sole
           discretion. The Early Termination Benefit shall be equal to his
           Deferred Account Balance at the time of his termination as Director
           and shall be payable in a lump sum or in up to fifteen (15) equal
           annual installments, as determined by the Committee in its sole
           discretion. To the Early Termination Benefit payable to a Participant
           under this Section 4.02 shall be added interest at the rate specified
           in his Deferred Compensation Agreement, compounded annually, and
           credited on the unpaid deferred Compensation from the date of
           termination until the date paid by the Company.

4.03       "Entitlement to Normal Plan Participation Termination Benefit After a
           Change in Control of the Company": Notwithstanding anything to the
           contrary herein, if within three years after a Change in Control of
           the Company any Participant who, before his Normal Plan Participation
           Termination Date, is removed as a Director of the Company by a vote
           of the shareholders, resigns as a Director of the Company, completes
           his term of office as a Director of the Company and is not re-elected
           for the next successive term or is otherwise unable to defer
           additional Compensation for a full (4) years or until his Normal Plan
           Participation Termination Date, whichever is earlier, because of any
           amendment, suspension or termination of the Plan, shall be entitled
           to receive the Normal Plan Participation Termination Benefit payable
           as provided in Section 4.01(a) based upon his then existing Deferred
           Account Balance.

                                       27

<PAGE>

                                    ARTICLE V

                                SURVIVOR BENEFIT

5.01       "Survivor Benefit": Upon the occurrence of any of the following
           events, the Company shall pay to a Participant's Designated
           Beneficiary a benefit as defined in this ARTICLE V (herein referred
           to as a "Survivor Benefit"):

           (a)        The death of a Participant while serving as a Director of
                      the Company; or

           (b)        The death of a Participant after becoming entitled to a
                      Normal Plan Participation Termination Benefit or an Early
                      Termination Benefit but prior to commencement of payment
                      of either such benefit.

5.02       "Amount of Survivor Benefit": The Survivor Benefit shall be an amount
           equal to the Participant's Deferred Account Balance at the date of
           his death together with interest thereon, compounded annually, from
           the date Compensation was deferred until the date it is completely
           paid by the Company (a "Deferral Period") at a rate equal to the
           prime rate set forth in The Wall Street Journal (or any successor
           thereto) (hereinafter referred to as the "Prime Rate") from time to
           time during the Deferral Period. The Survivor Benefit shall be paid
           either in a lump sum or in up to fifteen (15) annual installments, as
           determined by the Committee in its sole discretion.

5.03       "Survivor Benefit After Commencement of Benefit Payments to the
           Participant": In the event a Participant who has begun to receive
           benefit installment payments under the Plan dies prior to full
           payment of his Normal Plan Participation Termination Benefit or Early
           Termination Benefit, all remaining payments due hereunder shall be
           made to such Participant's Designated Beneficiary, either in a lump
           sum or in installments, in such amounts and over such periods, not
           exceeding the remaining period from the date of the Participant's
           death, as the Committee may direct in its sole discretion.

                                       28

<PAGE>

                                   ARTICLE VI

                        CERTAIN PAYMENTS TO PARTICIPANTS

6.01       "Termination and Change in Control": Notwithstanding anything herein
           to the contrary, upon the occurrence of a Termination and Change in
           Control, the Participants shall be entitled to receive from the
           Company the payments as provided in Section 6.03.

6.02       "Failure to Pay": Notwithstanding anything herein to the contrary,
           upon the occurrence of a Failure to Pay, each Participant covered by
           the situation described in clause (i) of the definition of Failure to
           Pay, or each of the Participants in the event of a situation
           described in clause (ii) of that definition, as the case may be,
           shall be entitled to receive from the Company the payments as
           provided in Section 6.03.

6.03       "Payment Requirement": No later than the first to occur of (i) six
           months following the date hereof for any current Participant, (ii) a
           Termination and Change in Control or a Failure to Pay for any current
           Participant or (iii) the date upon which any person who is not a
           current Participant upon the date hereof becomes a Participant, each
           Participant shall select one of the payment alternatives set forth
           below with respect to that portion of the Participant's account equal
           to the full amount of the account minus the Funded Amount, and with
           respect to that portion of the account equal to the Funded Amount.
           The payment alternatives selected with respect to the two portions of
           the account need not be the same. The payment alternatives are as
           follows:

           (a)        a Lump Sum Payment within 30 days following the
                      Termination and Change in Control or Failure to Pay, as
                      the case may be;

           (b)        payment in monthly, quarterly, semiannual or annual
                      payments, over a period not to exceed fifteen years, as
                      selected by the Participant at the time provided in the
                      first paragraph of this Section 6.03, commencing within 30
                      days following the Termination and Change in Control or
                      Failure to Pay, as the case may be, which are
                      substantially equal in amount, except that earnings
                      attributable to periods following Termination and Change
                      in Control or Failure to Pay at the rate or rates of
                      interest specified in the Participant's Deferred
                      Compensation Agreement shall be included with each
                      payment. Payment shall be made to each such Participant in
                      accordance with his selected alternative as provided in
                      Sections 6.01 and 6.02.

                                       29

<PAGE>

                                   ARTICLE VII

                            AMENDMENT AND TERMINATION

7.01       "Right to Amend and Terminate the Plan": The Company fully expects to
           continue the Plan but it reserves the right, at any time or from time
           to time, by action of the Committee, to modify or amend the Plan, in
           whole or in part. In addition, the Company reserves the right by
           action of the Committee to terminate the Plan, in whole or in part,
           at any time and for any reason, including, but not limited to,
           adverse changes in the federal tax laws. Notwithstanding anything
           herein to the contrary, no amendment, modification or termination of
           the Plan shall, without the consent of the Participant, alter this
           provision or impair any of the Participant's rights under the Plan
           with respect to benefits accrued prior to such amendment,
           modification or termination.

7.02        "Plan Termination Benefit":

           (a)        In the event of the complete termination of the Plan, each
                      Participant shall be entitled to receive an amount equal
                      to his then Deferred Account Balance (other than amounts
                      initially deferred under the 1980 Plan which will continue
                      to be held in accordance with the terms of the Plan)
                      together with interest thereon at the Prime Rate in effect
                      from time to time during such Deferral Period, compounded
                      annually, and credited from the date of deferral until the
                      date paid by the Company (hereinafter referred to as a
                      "Plan Termination Benefit"). As determined by the
                      Committee in its sole discretion, the Plan Termination
                      Benefit shall be payable either in a lump sum or in up to
                      fifteen (15) annual installments commencing at the time
                      elected by the Participant in his Deferred Compensation
                      Agreement prior to the Deferral Period.

           (b)        In the event of a Participant's death prior to the
                      complete payment of the benefits provided under this
                      Section 8.02, all remaining payments due hereunder shall
                      be made to the Participant's Designated Beneficiary in the
                      same amount as was being received by the Participant.

7.03       "Right to Amend or Terminate the Plan After a Change in Control of
           the Company": Notwithstanding anything to the contrary herein, no
           amendment shall be made to the Plan after a Change in Control of the
           Company which would alter or impair this Section 7.03 or any rights
           or obligations under the Plan in relation to any Participant without
           the prior written consent of the Participant; and in the event of
           complete termination of the Plan after a Change in Control of the
           Company, each Participant shall be entitled to receive his Normal
           Plan Participation Termination Benefit, if greater than the Plan
           Termination Benefit, payable as provided in Section 4.01(a) based
           upon his then existing Deferred Account Balance.

                                       30

<PAGE>

                                  ARTICLE VIII

                                  MISCELLANEOUS

8.01       "Non-Alienation of Benefits": Subject to any federal statute to the
           contrary, no right or benefit under the Plan shall be subject to
           anticipation, alienation, sale, assignment, pledge, encumbrance, or
           charge, and any attempt to anticipate, alienate, sell, assign,
           pledge, encumber, or charge any right or benefit under the Plan shall
           be void. No right or benefit hereunder shall in any manner be liable
           for or subject to the debts, contracts, liabilities, or torts of the
           person entitled to such benefits. If a Participant or his Designated
           Beneficiary (if entitled to benefits under the Plan) shall become
           bankrupt, or attempt to anticipate, alienate, sell, assign, pledge,
           encumber, or charge any right hereunder, then such right or benefit
           shall, in the discretion of the Committee, cease and terminate, and
           in such event, the Company may hold or apply the same or any part
           thereof for the benefit of the Participant or his spouse, children,
           or other dependents, or any of them, in such manner and in such
           amounts and proportions as the Committee may deem proper.

8.02       "No Trust Created": The obligations of the Company to make payments
           hereunder shall constitute a liability of the Company to the
           Participant. Such payments shall be made from the general funds of
           the Company, and the Company shall not be required to establish or
           maintain any special or separate fund, or purchase or acquire life
           insurance on a Participant's life, or otherwise to segregate assets
           to assure that such payments shall be made, and neither a Participant
           nor Designated Beneficiary shall have any interest in any particular
           asset of the Company by reason of its obligations hereunder. Nothing
           contained in the Plan shall create or be construed as creating a
           trust of any kind or any other fiduciary relationship between the
           Company and a Participant or any other person.

8.03       "No Employment Agreement": The Plan shall not be deemed to constitute
           a contract of employment between the Company and a Participant.
           Neither shall the execution of the Plan nor any action taken by the
           Company pursuant to the Plan be held or construed to confer on a
           Participant any legal right to be continued as Director of the
           Company, in an executive position or in any other capacity with the
           Company whatsoever; nor shall any provision herein restrict the right
           of any Participant to resign as a Director.

8.04       "Binding Effect": Obligations incurred by the Company pursuant to the
           Plan shall be binding upon and inure to the benefit of the Company,
           its successors and assigns, and the Participant or his Designated
           Beneficiary.

8.05       "Claims for Benefits": Each Participant or Designated Beneficiary
           must claim any benefit to which he may be entitled under this Plan by
           filing a written notification with the Vice President and Secretary
           of the Company. The Committee shall make all determinations with
           respect to such claims for benefits. If a claim is denied by the
           Committee, it must be denied within a reasonable period of time in a
           written notice stating the following:

           (a)        The specific reason for the denial.

           (b)        The specific reference to the Plan provision on which the
                      denial is based.

           (c)        A description of additional information necessary for the
                      claimant to present his claim, if any, and an explanation
                      of why such information is necessary.

                                       31

<PAGE>

           (d)        An explanation of the Plan's claims review procedure.

           The claimant may have a review of the denial by the Committee by
           filing a written notice with the Vice President and Secretary of the
           Company within sixty (60) days after the notice of the denial of his
           claim.

           The written decision by the Committee with respect to the review must
           be given within one hundred and twenty (120) days after receipt of
           the written request.

8.06       "Entire Plan": This document and any amendments hereto contain all
           the terms and provisions of the Plan and shall constitute the entire
           Plan, any other alleged terms or provisions being of no effect.

                                       32

<PAGE>

                                   ARTICLE IX

                                  CONSTRUCTION

9.01       "Governing Law": The Plan shall be construed and governed in
           accordance with the law of the State of Ohio.

9.02       "Gender": The masculine gender, where appearing in the Plan, shall be
           deemed to include the feminine gender, and the singular may include
           the plural, unless the context clearly indicates to the contrary.

9.03       "Headings, etc.": The cover page of the Plan, the Table of Contents
           and all headings used in this Plan are for convenience of reference
           only and are not part of the substance of the Plan.

                                       33

<PAGE>

                                                                       EXHIBIT A

                         DEFERRED COMPENSATION AGREEMENT

            THIS AGREEMENT is made this ________ day of ___________________,
20_, between EATON CORPORATION (hereinafter the "Company"), an Ohio corporation,
and _______________________, a non-employee Director of the Company (hereinafter
called "Participant").

            WHEREAS, the Board of Directors of the Company has approved a Plan
for the Deferred Payment of Directors' Fees (the "Plan") for the purpose of
attracting and retaining qualified persons to serve as Directors of the Company;

            WHEREAS, the Plan provides that a Director becomes a participant
under the Plan upon the execution and delivery by him of a Deferred Compensation
Agreement, in the form of this Agreement, to the Administrative Committee under
the Plan, and the acceptance of such agreement by the Company;

         NOW, THEREFORE, in consideration of the mutual agreements herein
contained, the Company and the Participant hereby agree as follows:

         1. Participation. This Agreement is made to evidence the Participant's
         participation in the Plan, to set forth the amount of the Participant's
         Compensation to be deferred thereunder and to establish the interest
         rates to be used to calculate the Participant's Normal Plan
         Participation Termination Benefit and his Early Termination Benefit
         under the Plan.

         2. The Plan Controls. The Plan (and all its provisions), as it now
         exists and as it may be amended hereafter, is incorporated herein and
         made a part of this Agreement, and the provisions of the Plan, as it
         may be amended from time to time, shall control the terms and
         conditions of this Agreement and anything contained herein which is
         inconsistent with the Plan, as so amended, shall be of no force or
         effect.

         3. Definitions. When used herein, the terms which are defined in the
         Plan shall have the meanings given them in the Plan.

         4. No Interest Created. Neither the Participant nor his Designated
         Beneficiary shall have any interest in any specific asset of the
         Company, including policies of insurance. The Participant and his
         Designated Beneficiary shall have only the right to receive the
         benefits provided under the Plan.

         5. Deferrals. Pursuant to ARTICLE III of the Plan, the Participant
         hereby elects to defer the receipt of, and the Company hereby elects to
         defer the payment of, future Compensation in the amount
         of_________________ dollars ($_______________________ ) for each
         calendar year during the period of________________________ to
         ____________________.

         6. Normal Plan Participation Termination Benefit Interest Rate. The
         Participant's Normal Plan Participation Termination Benefit shall be
         determined by crediting interest to the Participant's total
         Compensation deferred under the Plan (including amounts transferred

                                       34

<PAGE>

         from the Company's Plan for the Deferred Payment of Directors' Fees
         established as of June 1, 1980) at the rate of ____ % compounded
         annually from the date of deferral until paid by the Company.

         7. Early Termination Benefit Interest Rate. In accordance with ARTICLE
         IV of the Plan, interest shall be credited to the Early Termination
         Benefit at a rate equal to ____%, compounded annually.

         8. Disposition In the Event of Plan Termination. In the event the
         Company determines to terminate the Plan, the Participant hereby elects
         to have his Plan Termination Benefit (other than amounts transferred
         from the 1980 Plan) distributed as indicated by the Participant below:
         (The Participant should check only one of the boxes below and sign his
         initials in the opposite blank).

         _________          I hereby elect to have payment of the Plan
                            Termination Benefit commence within a
         initials           reasonable period of
                            time after the Plan termination date; or

         _________          I hereby elect to have the Plan Termination Benefit
                            be retained by the Company, credited with
         initials           interest during the Deferral Period, compounded
                            annually, at the Prime Rate and paid commencing
                            upon the earlier to occur of my Normal Plan
                            Participation Termination
                            or my resignation from the Board of Directors of the
                            Company.

         The Company shall determine in its sole discretion whether the Plan
         Termination Benefit shall be paid in a lump sum or in up to fifteen
         (15) annual installments.

         9. Entire Agreement. This Agreement contains the entire agreement and
         understanding by and between the Company and the Participant, and no
         representations, promises, agreements, or understandings, written or
         oral, not contained herein shall be of any force or effect.

                                       35

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