Document:

EXHIBIT 4.1

                   POORE BROTHERS, INC. 1995 STOCK OPTION PLAN
                        (as amended through May 22, 2001)

     1. PURPOSE. The Poore Brothers, Inc. 1995 Stock Option Plan (the "Plan") is
intended to provide  incentives  which will attract and retain highly  competent
persons as directors,  officers and key employees of Poore  Brothers,  Inc. (the
"Company")  and its  subsidiaries  by providing  them  opportunities  to acquire
shares of Common  Stock,  par value  $.01 per  share  ("Common  Stock"),  of the
Company.

     2.  ADMINISTRATION.  The Plan will be  administered  by a committee  of the
Board of  Directors  (the  "Committee")  which shall be comprised of one or more
directors who shall be  ineligible to receive  options while serving as a member
of the  Committee;  PROVIDED,  HOWEVER,  that if the Common Stock of the Company
becomes  registered  under the Securities  Exchange Act of 1934, as amended (the
"1934 Act"),  members of the  Committee  must qualify as  disinterested  persons
within the  meaning  of Rule 16b-3  under the 1934 Act;  and  PROVIDED  FURTHER,
HOWEVER,  that,  in the absence of a Committee,  all of the authority and powers
granted to the  Committee  under the Plan may be exercised  by the  then-serving
members of the Board of Directors of the Company.  The Committee is  authorized,
subject to the provisions of the Plan, to establish  such rules and  regulations
as it deems  necessary  for proper  administration  of the Plan and to make such
determinations  and  interpretations  and to take such action in connection with
the  Plan  as  it  deems  necessary  or  advisable.   All   determinations   and
interpretations  made by the  Committee  shall be binding and  conclusive on all
participants and their legal representatives.  No member of the Board, no member
of the  Committee  and no employee of the Company or its  subsidiaries  shall be
liable for any act or failure to act hereunder,  by any other member or employee
or by an agent to whom duties in connection with the administration of this Plan
have been delegated or, except in circumstances  involving his bad faith,  gross
negligence or fraud, for any act or failure to act by the member or employee.

     3. PARTICIPANTS.  Participants will consist of such directors, officers and
key  employees of the Company or its  subsidiaries  as the Committee in its sole
discretion determines to be significantly responsible for the success and future
growth and  profitability  of the Company and whom the  Committee  may designate
from time to time to receive  Stock  Options  under the Plan.  Designation  of a
participant in any year shall not require the Committee to designate such person
to receive a Stock Option in any other year or, once designated,  to receive the
same type or amount of Stock Option as granted to the  participant  in any year.
The Committee  shall  consider  such factors as it deems  pertinent in selecting
participants  and in determining the type and amount of their  respective  Stock
Options.

     4. SHARES  RESERVED  UNDER THE PLAN.  Two  Million  Five  Hundred  Thousand
(2,500,000)  shares of  authorized  but  unissued  shares  of  Common  Stock are
reserved for issue and may be issued in connection  with Stock  Options  granted
under the Plan. Any shares subject to Stock Options or issued under such options
may  thereafter  be subject to new options  under this Plan if there is a lapse,
expiration or termination of any such options prior to issuance of the shares or
if shares are issued under such options and  thereafter  are  reacquired  by the
Company  pursuant  to rights  reserved  by the Company  upon  issuance  thereof,
subject  to  any  Securities  and  Exchange   Commission   rules  regarding  the
availability of such shares, if applicable.

     5. STOCK OPTIONS. Stock Options will consist of awards from the Company, in
the form of  agreements,  which will  enable  the holder to  purchase a specific
number of shares of Common Stock,  at set terms and at a fixed  purchase  price,
subject to adjustment as hereinafter  provided.  Stock Options may be "incentive
stock  options"  within the meaning of Section 422 of the Internal  Revenue Code
("Incentive  Stock Options") or Stock Options which do not constitute  Incentive
Stock  Options  ("Nonqualified  Stock  Options").  The  Committee  will have the
authority  to grant to any  participant  one or more  Incentive  Stock  Options,
Nonqualified  Stock Options,  or both types of Stock Options.  Each Stock Option
shall be subject to such terms and  conditions  consistent  with the Plan as the
Committee may impose from time to time, subject to the following limitations:

          a) EXERCISE PRICE. Each Stock Option granted hereunder shall have such
per-share  exercise  price as the  Committee may determine at the date of grant;
PROVIDED, HOWEVER, that the per-share exercise price for Incentive Stock Options
shall not be less than 100% of the Fair Market  Value of the Common Stock on the
date the option is granted; and PROVIDED,  FURTHER,  that the per-share exercise
price  for  Nonqualified  Stock  Options  shall not be less than 85% of the Fair
Market Value of the Common Stock on the date the option is granted.

          b) PAYMENT OF EXERCISE PRICE. The option exercise price may be paid by
check or, in the  discretion  of the  Committee,  by the  delivery  of shares of
Common  Stock,  or a combination  thereof,  or such other  consideration  as the
Committee may deem appropriate.
<PAGE>
          c) EXERCISE  PERIOD.  Stock  Options  granted  under the Plan shall be
exercisable  at such time or times and subject to such terms and  conditions  as
shall be determined by the Committee;  PROVIDED,  HOWEVER, that no Stock Options
shall be exercisable earlier than six months after the date they are granted. In
addition,  Stock Options shall not be exercisable later than ten years after the
date they are granted.  All Stock Options shall  terminate at such earlier times
and  upon  such  conditions  or  circumstances  as the  Committee  shall  in its
discretion set forth in such Stock Option at the date of grant.

          d) LIMITATIONS ON INCENTIVE STOCK OPTIONS. Incentive Stock Options may
be granted only to  participants  who are employees of the Company or one of its
subsidiaries (within the meaning of Section 424(f) of the Internal Revenue Code)
at the date of grant. The aggregate Fair Market Value (determined as of the time
the option is granted) of the Common Stock with respect to which Incentive Stock
Options are exercisable for the first time by a participant  during any calendar
year  (under  all option  plans of the  Company)  shall not exceed  $100,000.00.
Incentive Stock Options may not be granted to any  participant  who, at the time
of grant,  owns stock possessing (after the application of the attribution rules
of Section 424(d) of the Code) more than 10% of the total combined  voting power
of all classes of stock of the Company,  unless the option price is fixed at not
less than 110% of the Fair Market Value of the Common Stock on the date of grant
and the exercise of such option is prohibited by its terms after the  expiration
of five years from the date of grant of such option.

     6. ADJUSTMENT PROVISIONS.

          a) If the Company shall at any time change the number of issued shares
of Common  Stock  without new  consideration  to the  Company  (such as by stock
dividend,  stock split,  recapitalization,  reorganization,  exchange of shares,
liquidation,  combination or other change in corporate  structure  affecting the
Common Stock), the total number of shares available for Stock Options under this
Plan shall be  appropriately  adjusted and the number of shares  covered by each
outstanding  Stock Option and the reference  price shall be adjusted so that the
net value of such Stock Option shall not be changed.

               (1) In the case of any  sale of  assets,  merger,  consolidation,
combination or other corporate  reorganization  or  restructuring of the Company
with or into another  corporation which results in the outstanding  Common Stock
being  converted  into or  exchanged  for  different  securities,  cash or other
property,  or  any  combination  thereof  (an  "Acquisition"),  subject  to  the
provisions of this Plan and any limitation  applicable to the Stock Option,  any
participant  to whom a Stock  Option  has been  granted  shall  have  the  right
thereafter  and during the term of the Stock  Option,  to receive upon  exercise
thereof in whole or in part the  Acquisition  Consideration  (as defined  below)
receivable  upon the  Acquisition  by a holder of the number of shares of Common
Stock  which  might have been  obtained  upon  exercise  of the Stock  Option or
portion thereof, as the case may be, immediately prior to the Acquisition.

     The term  "Acquisition  Consideration"  shall  mean the kind and  amount of
securities,  cash or other  property or any  combination  thereof  receivable in
respect of one share of Common Stock upon consummation of an Acquisition.

          (b)  Notwithstanding  any other  provision of this Plan, the Committee
may  authorize  the  issuance,  continuation  or  assumption of Stock Options or
provide  for other  equitable  adjustments  after  changes in the  Common  Stock
resulting from any other merger,  consolidation,  sale of assets, acquisition of
property or stock,  recapitalization  reorganization or similar  occurrence upon
such terms and conditions as it may deem equitable and appropriate.

     7. NONTRANSFERABILITY.

          a) Each Stock Option granted under the Plan to a participant shall not
be transferable  and shall be exercisable,  during the  participant's  lifetime,
only by the participant.

          b) If the participant shall cease to be either a director or a regular
full-time  employee of the Company or its subsidiaries for any reason other than
a termination  for cause or a termination  by reason of death,  any  unexercised
portion of said Stock Option shall  terminate  sixty (60) days after the date of
the  termination  of  employment,  or upon the  expiration  of the Stock Option,
whichever shall first occur.

          c) If the event that the  participant's  employment is terminated  for
cause, the unexercised  portion of the Stock Option shall terminate  immediately
upon  the  giving  of the  notice  of such  termination.  For  purposes  of this
paragraph,   "for   cause"   shall   mean   incompetence,    gross   negligence,
insubordination, conviction of a felony or willful misconduct by the participant
as  determined  in good  faith by the Board of  Directors  of the  Company,  the
Committee or the Board of Directors  of the  subsidiary  of the Company by which
the participant is employed. Nothing in this Plan or in any Stock Option granted

                                      -2-
<PAGE>
pursuant to this Plan shall confer on any  participant  the right to continue in
the employ of the Company or any of its  subsidiaries,  or  interfere in any way
with the  right of the  Company  or any of its  subsidiaries  to  terminate  the
participant's employment at any time.

          d) In the event of the  death of the  participant,  the  participant's
estate shall have the privilege of exercising any Stock Options not  theretofore
exercised by the participant, to the extent that the participant was entitled to
exercise such rights on the date of the participant's  death; but in such event,
the period of time within  which the  purchase or exercise  may be made shall be
the earlier of (a) 180 days next  succeeding the death of the participant or (b)
the expiration of the term of the Stock Option.

     8. OTHER PROVISIONS.  The award of any Stock Option under the Plan may also
be subject to such other  provisions  (whether  or not  applicable  to any Stock
Option  awarded  to  any  other   participant)   as  the  Committee   determines
appropriate,  including  without  limitation,  provisions  for  the  installment
purchase  of  Common  Stock  under  Stock  Options,  provisions  to  assist  the
participant  in financing the  acquisition  of Common Stock,  provisions for the
forfeiture of, or restrictions on resale or other disposition of shares acquired
under  any  form  of  Stock  Option,   provisions   for  the   acceleration   of
exercisability  or vesting of Stock  Options in the event of a change of control
of the  Company,  provisions  for the  payment of the value of Stock  Options to
participants in the event of a change of control of the Company,  provisions for
the  forfeiture  of, or provisions  to comply with federal and state  securities
laws, or  understandings  or conditions  as to the  participant's  employment in
addition to those specifically provided for under the Plan.

     9. FAIR  MARKET  VALUE.  For  purposes  of this Plan and any Stock  Options
awarded  hereunder,  "Fair Market Value" shall be the average of the highest and
lowest sale prices for the Company's Common Stock on the date of calculation (or
on the last preceding  trading date if the Company's Common Stock was not traded
on the date of calculation) if the Company's Common Stock is readily tradable on
a national  securities  exchange or other market  system,  and if the  Company's
Common  Stock is not readily  tradable,  Fair Market Value shall mean the amount
determined in good faith by the Committee as the fair market value of the Common
Stock of the Company.

     10.  WITHHOLDING.  All payments or distributions  made pursuant to the Plan
shall be net of any  amounts  required to be  withheld  pursuant  to  applicable
federal, state and local tax withholding  requirements.  If the Company proposes
or is required to distribute  Common Stock  pursuant to the Plan, it may require
the  recipient  to  remit  to  it an  amount  sufficient  to  satisfy  such  tax
withholding  requirements  prior to the  delivery of any  certificates  for such
Common Stock.  The Committee may, in its discretion and subject to such rules as
it may adopt, permit a participant to pay all or a portion of the federal, state
and local  withholding  taxes  arising  in  connection  with the  exercise  of a
Nonqualified  Stock  Option by election to have the Company  withhold  shares of
Common Stock having a Fair Market Value equal to the amount to be withheld.

     11. TENURE. A participant's right, if any, to continue to serve the Company
or a subsidiary of the Company as an officer, director,  employee, or otherwise,
shall not be enlarged or otherwise  affected by his designation as a participant
under the Plan.

     12. DURATION,  AMENDMENT AND TERMINATION.  No Stock Option shall be granted
more  than  ten  years  after  the  date  of the  approval  of the  Plan  by the
shareholders of the Company,  PROVIDED,  HOWEVER,  that the terms and conditions
applicable  to any Stock Option  granted  prior to such date may  thereafter  be
amended or modified by mutual agreement  between the Company and the participant
or such other  persons as may then have an  interest  therein.  Also,  by mutual
agreement  between the Company and a  participant  hereunder  or under any other
present or future  plan of the  Company,  Stock  Options  may be granted to such
participant in substitution  and exchange for, and in cancellation of, any Stock
Options previously granted such participant under the Plan, or any other present
or future plan of the Company.  The Board of  Directors  may amend the Plan from
time to time or terminate the Plan at any time. However, no action authorized by
this  paragraph  shall reduce the amount of any existing  Stock Option or change
the terms and conditions thereof without the participant's consent. No amendment
of the Plan shall,  without  approval of the  shareholders  of the Company,  (i)
materially  increase  the total  number of shares  which may be issued under the
Plan; (ii)  materially  increase the amount or type of Stock Options that may be
granted  under  the  Plan;  (iii)  materially  modify  the  requirements  as  to
eligibility  for Stock Options under the Plan;  (iv) result in any member of the
Committee  losing his or her status as a  disinterested  person under Rule 16b-3
under the 1934 Act; or (vi) extend the term of this Plan.

     13.  GOVERNING LAW. The Plan,  Stock Options  granted  hereunder and action
taken in connection  herewith shall be governed and construed in accordance with
the laws of the State of Delaware  (regardless  of the law that might  otherwise
govern under applicable Delaware principles of conflict of laws).

                                      -3-
<PAGE>
     14.  GOVERNMENT  REGULATIONS.  The Plan and the grant and exercise of Stock
Options hereunder,  and the obligation of the Company to sell and deliver shares
under  such  Benefits,  shall be  subject  to all  applicable  laws,  rules  and
regulations,  including  without  limitation  all  applicable  federal and state
securities laws.

     15. SHAREHOLDER APPROVAL. The Plan was adopted by the Board of Directors of
the Company on May 25, 1995. The Plan and any Stock Options  granted  thereunder
shall be null and void if  shareholder  approval is not obtained  within  twelve
(12) months of the adoption of the Plan by the Board of Directors.

                                      -4-<PAGE>

                                                                   Exhibit 10(a)

                            THE LAMSON & SESSIONS CO.
            THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

         This Third Amendment to the Amended and Restated Credit Agreement
(herein, the "Amendment") is entered into as of March 27, 2002, among The Lamson
& Sessions Co., an Ohio corporation (the "Borrower"), the Guarantors party
hereto, the Lenders party hereto, and Harris Trust and Savings Bank, as
Administrative Agent for the Lenders.

                             PRELIMINARY STATEMENTS

          A. The Borrower, the Guarantors, the Lenders and the Administrative
Agent are parties to an Amended and Restated Credit Agreement dated as of
December 15, 2000 (the Amended and Restated Credit Agreement, as the same has
been amended prior to the date hereof, being referred to herein as the "Credit
Agreement"). All capitalized terms used herein without definition shall have the
same meanings herein as such terms have in the Credit Agreement.

          B. The Borrower has requested that the Lenders reduce the commitments,
amend certain financial covenants and make certain other amendments to the
Credit Agreement, and the Lenders are willing to do so under the terms and
conditions set forth in this Amendment.

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

SECTION 1. AMENDMENTS.

         Subject to the satisfaction of the conditions precedent set forth in
Section 2 below, effective as of the effective date of this Amendment, the
Credit Agreement shall be and hereby is amended as follows:

         1.1.     A new subsection (d) shall be added to Section 2.1 to read as
                  follows:

                           (d) Term Loan Fee. The Borrower agrees that if the
                  Term Loans are not paid in full by September 30, 2002, it
                  shall pay to the Administrative Agent for distribution to the
                  Lenders in accordance with their pro rata shares of the
                  outstanding Term Loans a fee in an amount equal to 1%
                  multiplied by the outstanding principal balance of the Term
                  Loans as of such date.

         1.2.     The definition of "Applicable Margin" appearing in Section 5.1
                  of the Credit Agreement shall be amended and restated in its
                  entirety to read as follows:

                            "Applicable Margin" means the following with respect
                  to Loans, Reimbursement Obligations, and Revolving Credit
                  Commitment and Letter of Credit fees payable under Section 2.1
                  hereof, the rate per annum specified below:

<PAGE>

<TABLE>
<S>                                                                                    <C>
                  Applicable Margin for Base Rate Loans and Reimbursement
                  Obligations:                                                         2.25%

                  Applicable Margin for Eurodollar Loans and Letter of Credit
                  fee:                                                                 4.00%

                  Applicable Margin for Revolving Credit Commitment fee:                .50%
</TABLE>

                  provided, however, that the Applicable Margin shall be subject
                  to quarterly adjustments on each Pricing Date, and from one
                  Pricing Date to the next the Applicable Margin shall mean a
                  rate per annum determined in accordance with the following
                  schedule:
<TABLE>
<CAPTION>
                                                                    APPLICABLE
                                                APPLICABLE          MARGIN FOR        APPLICABLE
                                             MARGIN FOR BASE        EURODOLLAR        MARGIN FOR
                                              RATE LOANS AND         LOANS AND         REVOLVING
                    TOTAL FUNDED DEBT/        REIMBURSEMENT          LETTER OF          CREDIT
                  EBITDA RATIO FOR SUCH        OBLIGATIONS          CREDIT FEE      COMMITMENT FEE
                       PRICING DATE              SHALL BE            SHALL BE:         SHALL BE:
<S>                                               <C>                 <C>                <C>
                 Greater than or equal
                 to 3.5 to 1.0                    2.25%               4.00%              .50%

                 Greater than or equal
                 to 3.0 to 1.0, but less
                 than 3.5 to 1.0                  1.75%               3.50%              .50%

                 Greater than or equal
                 to 2.5 to 1.0, but less
                 than 3.0 to 1.0                  1.25%               3.00%              .50%

                 Greater than or equal
                 to 2.0 to 1.0, but less
                 than 2.5 to 1.0                  .25%                2.00%              .35%

                 Greater than or equal
                 to 1.5 to 1.0, but less
                 than 2.0 to 1.0                   0%                 1.75%              .30%

                 Less than 1.5 to 1.0              0%                 1.50%              .25%
</TABLE>

                  For purposes hereof, the term "Pricing Date" means, for the
                  fiscal quarter of the Borrower ending on or about March 31,
                  2002 and each fiscal quarter ending thereafter, the date on
                  which the Administrative Agent is in

                                       2
<PAGE>

                  receipt of the Borrower's most recent financial statements for
                  the fiscal quarter then ended (and in the case of the year-end
                  financial statements, audit report), pursuant to Section 8.5
                  hereof. The Applicable Margin shall be established based on
                  the Total Funded Debt/EBITDA Ratio for the most recently
                  completed fiscal quarter and the Applicable Margin established
                  on a Pricing Date shall remain in effect until the next
                  Pricing Date. If the Borrower has not delivered its financial
                  statements (and, in the case of the year-end financial
                  statements, audit report) by the date such financial
                  statements are required to be delivered under Section 8.5
                  hereof, until such financial statements are delivered, the
                  Applicable Margin shall be the highest Applicable Margin
                  (i.e., the Total Funded Debt/EBITDA Ratio shall be deemed to
                  be greater than 3.5 to 1.0). If the Borrower subsequently
                  delivers such financial statements before the next Pricing
                  Date, the Applicable Margin established by such late delivered
                  financial statements shall take effect from the date of
                  delivery until the next Pricing Date. In all other
                  circumstances, the Applicable Margin established by such
                  financial statements shall be in effect from the Pricing Date
                  that occurs immediately after the end of the fiscal quarter
                  covered by such financial statements until the next Pricing
                  Date. Each determination of the Applicable Margin made by the
                  Administrative Agent in accordance with the foregoing shall be
                  conclusive and binding on the Borrower and the Lenders if
                  reasonably determined. From and after September 30, 2002, and
                  until the Pricing Date related to the second consecutive
                  fiscal quarter where the Total Funded Debt / EBITDA Ratio has
                  been less than 3.0 to 1.0 as of the last day of such two most
                  recently completed fiscal quarters, the Applicable Margins
                  with respect to the Term Loans shall increase by 1.0% over the
                  Applicable Margins set forth above.

        1.3. The definitions of "EBITDA", "L/C Commitment" and "Revolving Credit
Commitment" appearing in Section 5.1 of the Credit Agreement shall each be
amended and restated in its entirety to read as follows:

                           "EBITDA" means, with respect to any period, Net
                  Income for such period plus (A) all amounts deducted in
                  arriving at such Net Income in respect of (a) Interest
                  Expense, plus (b) federal, state, local, and foreign income
                  taxes for such period, plus (c) amounts properly charged for
                  depreciation of fixed assets and amortization of intangible
                  assets during such period, plus (d) any charges to Net Income
                  during such period which are non-cash, non-recurring expenses
                  arising from the rationalization of the Borrower's facilities,
                  product lines or personnel, up to a maximum amount equal to
                  10% of Net Worth at the end of such period, plus (e) any
                  charges to Net Income during such period (up to $15,000,000 in
                  the aggregate during the term of this Agreement, including any
                  such charges accrued prior to the Effective Date) associated
                  with the Intermatic Litigation, plus (f) for each fiscal
                  quarter

                                       3
<PAGE>

                  ending after January 1, 2002, any non-cash expenses incurred
                  with respect to its Plans during such period, plus (g) for
                  each fiscal quarter ending after January 1, 2002, any cash
                  expenses incurred with respect to its Plans during such period
                  up to a maximum amount of $500,000, plus (h) for each fiscal
                  quarter ending after March 31, 2002, any cash or non-cash
                  expenses incurred with respect to the consultant and financial
                  advisor described in Sections 8.29 and 8.30 hereof minus (B)
                  the sum of (a) any recapture, recoveries, or other credits to
                  Net Income during such period associated with the Intermatic
                  Litigation and (b) any recapture, recoveries or other credits
                  to Net Income during such period incurred with respect to its
                  Plans; provided, however, that EBITDA for the relevant period
                  shall be calculated on a pro forma basis in good faith by the
                  Borrower and established to the reasonable satisfaction of the
                  Administrative Agent as if each Permitted Acquisition which
                  occurred during such period had taken place on the first day
                  of such period (including adjustments for non-recurring
                  expenses and income reasonably determined by the Borrower in
                  good faith and established to the reasonable satisfaction of
                  the Administrative Agent). In the event that any non-cash
                  charge is excluded from the computation of EBITDA for a given
                  period pursuant to clause (d) above but the circumstances
                  giving rise to such charge have a cash impact in a subsequent
                  period which would have reduced EBITDA but for the charge in
                  the prior period, such impact shall be taken into account in
                  computing EBITDA in the period when such impact occurs.

                           "L/C Commitment" means $25,000,000, as reduced
                  pursuant to the terms hereof.

                           "Revolving Credit Commitment" means, as to each
                  Lender, the obligation of such Lender to make Revolving Loans
                  and to participate in Letters of Credit issued for the account
                  of the Borrower hereunder in an aggregate principal or face
                  amount at any one time outstanding not to exceed the amount
                  set forth opposite such Lender's name on Schedule 1 attached
                  hereto and made a part hereof, as the same may be reduced or
                  modified at any time or from time to time pursuant to the
                  terms hereof. The Borrower and the Lenders acknowledge and
                  agree that the Revolving Credit Commitments of the Lenders
                  aggregate $110,000,000 upon the effectiveness of the Third
                  Amendment hereto.

     1.4. Subsections (j) and (k) of Section 8.9 of the Credit Agreement shall
be amended and restated in their entirety to read as follows:

                           (j)      intentionally omitted; and

                           (k)      intentionally omitted.

                                       4
<PAGE>

     1.5. Section 8.12 of the Credit Agreement shall be amended and restated in
its entirety to read as follows:

                           Section 8.12. Dividends and Certain Other Restricted
                  Payments. The Borrower shall not, nor shall it permit any of
                  its Subsidiaries to, declare or pay any dividends on or make
                  any other distributions in respect of any class or series of
                  its capital stock, or directly or indirectly purchase, redeem
                  or otherwise acquire or retire any of its capital stock
                  (collectively, "Restricted Payments"); provided, however, that
                  the foregoing shall not operate to prevent (a) the making of
                  dividends or distributions to the Borrower by any of its
                  Subsidiaries and (b) Restricted Payments consisting of the
                  purchase by the Borrower of shares of its common stock for the
                  sole purpose of the funding of the Borrower's deferred
                  compensation plan in accordance with its terms in a maximum
                  amount of $250,000 per fiscal year.

     1.6. Section 8.22 of the Credit Agreement shall be amended and restated in
its entirety to read as follows:

                           Section 8.22. Total Funded Debt/EBITDA Ratio. The
                  Borrower shall not, as of the last day of each fiscal quarter
                  of the Borrower specified below, permit the Total Funded
                  Debt/EBITDA Ratio to be more than:
<TABLE>
<CAPTION>

                                                                 TOTAL FUNDED DEBT/EBITDA RATIO
                       FISCAL QUARTER ENDING ON OR ABOUT:            SHALL NOT BE MORE THAN:
<S>                                                                <C>
                                 March 31, 2002                            5.70 to 1.0
                                  June 30, 2002                            5.90 to 1.0
                               September 30, 2002                          4.90 to 1.0
                                December 31, 2002                          4.40 to 1.0
                                 March 31, 2003                            3.95 to 1.0
                                  June 30, 2003                            3.95 to 1.0
                               September 30, 2003                          3.65 to 1.0
                                December 31, 2003                          3.25 to 1.0
                                 March 31, 2004                            3.00 to 1.0
                                  June 30, 2004                            3.00 to 1.0
                   September 30, 2004 and each fiscal quarter              2.75 to 1.0
                                ending thereafter
</TABLE>

     1.7. Section 8.23 of the Credit Agreement shall be amended and restated in
its entirety to read as follows:

                           Section 8.23. Interest Coverage Ratio. The Borrower
                  shall not, as of the last day of each fiscal quarter of the
                  Borrower specified

                                       5
<PAGE>

                  below, permit the ratio of (a) EBITDA for the four fiscal
                  quarters of the Borrower then ended to (b) Interest Expense
                  for the same four fiscal quarters then ended to be less than:
<TABLE>
<CAPTION>

                                                                  INTEREST COVERAGE RATIO SHALL
                       FISCAL QUARTER ENDING ON OR ABOUT:               NOT BE LESS THAN:
<S>                                                             <C>
                                 March 31, 2002                            2.00 to 1.0
                                  June 30, 2002                            2.00 to 1.0
                               September 30, 2002                          2.25 to 1.0
                                December 31, 2002                          2.25 to 1.0
                                 March 31, 2003                            2.75 to 1.0
                                  June 30, 2003                            3.00 to 1.0
                               September 30, 2003                          3.25 to 1.0
                                December 31, 2003                          3.50 to 1.0
                     March 31, 2004, and each fiscal quarter               4.00 to 1.0
                                ending thereafter
</TABLE>

     1.8. Section 8.24 of the Credit Agreement shall be amended and restated in
its entirety to read as follows:

                           Section 8.24. Capital Expenditures. The Borrower
                  shall not, nor shall it permit any Subsidiary to, incur
                  Capital Expenditures in an aggregate amount in excess of (a)
                  $10,000,000 during the fiscal year ending on or about December
                  31, 2002 and (b) $12,500,000 during any fiscal year of the
                  Borrower ending thereafter.

     1.9. Section 8.27 of the Credit Agreement shall be amended and restated in
its entirety to read as follows:

                           Section 8.27. Minimum EBITDA. As of the last day of
                  each fiscal quarter of the Borrower specified below, the
                  Borrower shall not permit EBITDA for the four fiscal quarters
                  of the Borrower then ended to be less than:

                                       6
<PAGE>

<TABLE>
<CAPTION>

                                                                      EBITDA FOR FOUR FISCAL
                                                                   QUARTERS THEN ENDED SHALL NOT
                        FISCAL QUARTER ENDING ON OR ABOUT:                 BE LESS THAN

<S>                                                                 <C>
                                  March 31, 2002                            $21,000,000
                                   June 30, 2002                            $22,000,000
                                September 30, 2002                          $26,000,000
                                 December 31, 2002                          $26,000,000
                                  March 31, 2003                            $30,000,000
                                   June 30, 2003                            $33,000,000
                                September 30, 2003                          $35,000,000
                                 December 31, 2003                          $36,000,000
                                  March 31, 2004                            $38,200,000
                                   June 30, 2004                            $39,200,000
                    September 30, 2004 and each fiscal quarter              $40,000,000
                                 ending thereafter
</TABLE>

     1.10. Section 8.28 of the Credit Agreement shall be amended and restated in
its entirety to read as follows:

                           Section 8.28. Level of Borrowings. Notwithstanding
                  the Revolving Credit Commitments or anything contained herein
                  to the contrary, unless EBITDA has exceeded $40,000,000 for
                  the past two consecutive fiscal quarters (in which case the
                  following restrictions shall not apply), the Borrower agrees
                  that (a) during the Seasonal Period, the sum of the aggregate
                  principal amount of Revolving Credit Loans and Swing Loans
                  shall not exceed $94,000,000, plus the sum of (i) amounts paid
                  in cash by the Borrower to fund its Plans up to a maximum of
                  $3,000,000 and (ii) the principal amount of any Reimbursement
                  Obligations reimbursed to the Administrative Agent with the
                  proceeds of one or more Revolving Credit Loans, and (b) at all
                  times other than the Seasonal Period, the sum of the aggregate
                  principal amount of Revolving Credit Loans and Swing Loans
                  shall not exceed $84,000,000, plus the sum of (i) amounts paid
                  in cash by the Borrower to fund its Plans up to a maximum of
                  $3,000,000 and (ii) the principal amount of any Reimbursement
                  Obligations reimbursed to the Administrative Agent with the
                  proceeds of one or more Revolving Credit Loans.

                                       7
<PAGE>

     1.11. The Credit Agreement shall be amended by adding new Sections 8.29 and
8.30 to read as follows:

                           Section 8.29. Operating Review. The Borrower shall at
                  all times make the written evaluations and recommendations of
                  Keystone Consulting Group or any replacement consultant
                  thereto available to the Administrative Agent and Lenders and
                  shall otherwise permit the Administrative Agent and Lenders
                  and their duly authorized representatives and agents to
                  discuss with such consultant the affairs, finances, books and
                  records, and business prospects of the Borrower and its
                  Subsidiaries.

                           Section 8.30. Financial Advisor. The Borrower hereby
                  agrees to engage at its expense a financial advisor selected
                  by the Borrower and satisfactory to the Administrative Agent
                  by no later than April 30, 2002, to prepare recommendations
                  with respect to strategic financing options and to perform
                  such other analyses and evaluations as the Borrower may
                  designate or that the Administrative Agent or the Required
                  Lenders may require. The Borrower shall at all times make the
                  financial advisor's written evaluations and recommendations
                  available to the Administrative Agent and Lenders and shall
                  permit the Administrative Agent and Lenders and their duly
                  authorized representatives and agents to discuss with the
                  financial advisor the affairs, finances, books and records,
                  and business prospects of the Borrower and its Subsidiaries.
                  Without limiting the foregoing, the Borrower and its financial
                  advisor shall present to the Administrative Agent and the
                  Lenders a recapitalization plan by no later than July 31,
                  2002.

     1.12. Section 9(b) of the Credit Agreement shall be amended and restated in
its entirety to read as follows:

                           (b) default in the observance or performance of any
                  covenant set forth in Sections 8.1, 8.5(a), 8.5(b), 8.5(e),
                  8.5(f), 8.5(g), 8.5(h), 8.7, 8.8, 8.9, 8.10, 8.11, 8.12, 8.16,
                  8.18, 8.21, 8.22, 8.23, 8.24, 8.25, 8.27, 8.28, 8.29 or 8.30
                  hereof or of any provision in any Loan Document dealing with
                  the use, disposition or remittance of the proceeds of
                  Collateral or requiring the maintenance of insurance thereon;

     1.13. Schedule 1 to the Credit Agreement shall be amended and restated in
its entirety to read as set forth on Schedule 1 hereto.

                                       8
<PAGE>

SECTION 2. CONDITIONS PRECEDENT.

     The effectiveness of this Amendment is subject to the satisfaction of all
of the following conditions precedent:

     2.1. The Borrower, the Administrative Agent, and the Required Lenders shall
have executed and delivered this Amendment.

     2.2. The Administrative Agent shall have received an amendment fee in the
amount of $750,000 for the ratable account of the Lenders.

     2.3. The Administrative Agent shall have received the fees called for by
the fee letter between the Administrative Agent and the Borrower dated of even
date herewith.

     2.4. The Guarantors shall have executed and delivered to the Administrative
Agent their consent to this Amendment in the space provided below.

     2.5. Legal matters incident to the execution and delivery of this Amendment
shall be satisfactory to the Administrative Agent and its counsel.

SECTION 3. REPRESENTATIONS.

     In order to induce the Lenders to execute and deliver this Amendment, the
Borrower hereby represents to the Lenders that as of the date hereof, and after
giving effect to the amendments provided for in this Amendment, (a) the
representations and warranties set forth in Section 6 of the Credit Agreement
are and shall be and remain true and correct (except that the representations
contained in Section 6.5 shall be deemed to refer to the most recent financial
statements of the Borrower delivered to the Lenders) and (b) the Borrower is in
compliance with the terms and conditions of the Credit Agreement and no Default
or Event of Default has occurred and is continuing under the Credit Agreement or
shall result after giving effect to this Amendment.

SECTION 4. MISCELLANEOUS.

     4.1. The Borrower and the Guarantors have heretofore or concurrently
herewith executed and delivered to the Lenders the Mortgages, the Security
Agreement, the Pledge Agreement, and certain other Collateral Documents. The
Borrower and, by signing below, the Guarantors, hereby acknowledge and agree
that the Liens created and provided for by the Collateral Documents continue to
secure, among other things, the Obligations arising under the Credit Agreement
as amended hereby; and the Collateral Documents and the rights and remedies of
the Lenders thereunder, the obligations of the Borrower and the Guarantors
thereunder, and the Liens created and provided for thereunder remain in full
force and effect and shall not be affected, impaired or discharged hereby.
Nothing herein contained shall in any manner affect or impair the priority of
the liens and security interests created and provided for by the Collateral
Documents as to the indebtedness which would be secured thereby prior to giving
effect to this Amendment.

                                       9
<PAGE>

        4.2. Except as specifically amended herein, the Credit Agreement shall
continue in full force and effect in accordance with its original terms.
Reference to this specific Amendment need not be made in the Credit Agreement,
the Notes, or any other instrument or document executed in connection therewith,
or in any certificate, letter or communication issued or made pursuant to or
with respect to the Credit Agreement, any reference in any of such items to the
Credit Agreement being sufficient to refer to the Credit Agreement as amended
hereby.

        4.3. The Borrower agrees to pay on demand all reasonable costs and
expenses incurred by the Administrative Agent in connection with the
negotiation, preparation, execution and delivery of this Amendment, including
the reasonable fees and expenses of counsel for the Administrative Agent.

        4.4. This Amendment may be executed in any number of counterparts, and
by the different parties on different counterpart signature pages, all of which
taken together shall constitute one and the same agreement. Any of the parties
hereto may execute this Amendment by signing any such counterpart and each of
such counterparts shall for all purposes be deemed to be an original. This
Amendment shall be governed by the internal laws of the State of Illinois.

                           [SIGNATURE PAGE TO FOLLOW]

                                       10
<PAGE>

         This Third Amendment to Amended and Restated Credit Agreement is
entered into as of the date and year first above written.

                            "BORROWER"

                            THE LAMSON & SESSIONS CO.

                            By  /s/ James J. Abel
                                --------------------------------------------
                            Name James J. Abel
                                 -------------------------------------------
                            Title Executive Vice President & CFO
                                  ------------------------------------------

                            "GUARANTORS"

                            CARLON CHIMES CO.

                            By  /s/ James J. Abel
                                --------------------------------------------
                            Name James J. Abel
                                 -------------------------------------------
                            Title Vice President, Secretary & Treasurer
                                  ------------------------------------------

                            DIMANGO PRODUCTS CORPORATION

                            By /s/ James J. Abel
                               ---------------------------------------------
                            Name James J. Abel
                                 -------------------------------------------
                            Title Secretary
                                  ------------------------------------------

                            PYRAMID INDUSTRIES II, INC.

                            By  /s/ James J. Abel
                                --------------------------------------------
                            Name James J. Abel
                                 -------------------------------------------
                            Title Vice President & Treasurer
                                  ------------------------------------------

                                       11
<PAGE>

                            "LENDERS"

                            HARRIS TRUST AND SAVINGS BANK, in its individual
                            capacity as a Lender and as Administrative Agent

                            By  /s/ Michael J. Johnson
                                --------------------------------------------
                            Name Michael J. Johnson
                                 -------------------------------------------
                            Title Managing Director
                                  ------------------------------------------

                            BANK OF AMERICA, N.A.

                            By  /s/ Michael Staunton
                                --------------------------------------------
                            Name Michael Staunton
                                 -------------------------------------------
                            Title Senior Vice President
                                  ------------------------------------------

                            NATIONAL CITY BANK

                            By  /s/ Judith M. Kuclo
                                --------------------------------------------
                            Name Judith M. Kuclo
                                 -------------------------------------------
                            Title Vice President
                                  ------------------------------------------

                            PNC BANK, NATIONAL ASSOCIATION

                            By  /s/ Judy B. Land
                                --------------------------------------------
                            Name Judy B. Land
                                 -------------------------------------------
                            Title Vice President
                                  ------------------------------------------

                            GE CAPITAL CFE, INC.

                            By  /s/ Michael Lustbader
                                --------------------------------------------
                            Name Michael Lustbader
                                 -------------------------------------------
                            Title Duly Authorized Signatory
                                  ------------------------------------------

                                       12
<PAGE>

                            BANK ONE, N.A.

                            By  /s/ Moses R. Jhirad
                                -----------------------------------------
                            Name Moses R. Jhirad
                                 ----------------------------------------
                            Title Vice President
                                  ---------------------------------------

                            THE HUNTINGTON NATIONAL BANK

                            By  /s/ Don W. Lambacher
                                -----------------------------------------
                            Name Don W. Lambacher
                                -----------------------------------------
                            Title  Senior Vice President
                                   --------------------------------------

                            FIFTH THIRD BANK (NORTHEASTERN OHIO)

                            By  /s/ R C Lanctot
                                -----------------------------------------
                            Name Roy C. Lanctot
                                 ----------------------------------------
                            Title Vice President
                                  ---------------------------------------

                            KEYBANK NATIONAL ASSOCIATION

                            By  /s/ J. T. Taylor
                                -----------------------------------------
                            Name J. T. Taylor
                                 ----------------------------------------
                            Title Vice President
                                  ---------------------------------------

                            LASALLE BANK NATIONAL ASSOCIATION

                            By  /s/ Jeffrey L. Miller
                                -----------------------------------------
                            Name Jeffrey L. Miller
                                 ----------------------------------------
                            Title Vice President
                                  ---------------------------------------

                                       13

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