Document:

<PAGE>
                                                                   EXHIBIT 10.27

                               THIRD AMENDMENT TO
                      AMENDED AND RESTATED CREDIT AGREEMENT

                  THIS THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
(this "Amendment"), dated as of November 2, 2001, is by and among GLOBAL POWER
EQUIPMENT GROUP INC., a Delaware corporation (the "Borrower"), the financial
institutions party to the Credit Agreement (as defined below) signatory hereto,
in their capacities as lenders (collectively, the "Lenders", and each
individually, a "Lender"), and Bankers Trust Company, as administrative agent
(the "Administrative Agent") for the Lenders.

                              W I T N E S S E T H :
                              - - - - - - - - - -

         WHEREAS, the Borrower, the Lenders and the Administrative Agent are
parties to that certain Amended and Restated Credit Agreement dated as of May
23, 2001 (as amended, restated, supplemented or otherwise modified and in effect
from time to time, the "Credit Agreement"), pursuant to which the Lenders have
provided to the Borrower credit facilities and other financial accommodations;
and

         WHEREAS, the Borrower has requested that the Administrative Agent and
the Lenders amend the Credit Agreement in certain respects as set forth herein
and the Lenders and the Administrative Agent are agreeable to the same, subject
to the terms and conditions hereof;

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

         1. Defined Terms. Terms capitalized herein and not otherwise defined
herein are used with the meanings ascribed to such terms in the Credit
Agreement.

         2. Amendments to Credit Agreement. The Credit Agreement is, as of the
Effective Date (as defined below), hereby amended by amending and restating
Section 7.2.7(a) in its entirety to read as follows:

                  "(a) Subject (in the case of Capitalized Lease Liabilities) to
         clause (e) of Section 7.2.2, the Borrower will not, and will not permit
         any of its Subsidiaries to, make or commit to make Capital Expenditures
         other than Capital Expenditures made or committed to be made by the
         Borrower and its Subsidiaries (i) in Fiscal Year 2001 which in the
         aggregate do not exceed $13,000,000 and (ii) in any succeeding Fiscal
         Year which in the aggregate do not exceed $10,000,000:

         provided, however, to the extent that Capital Expenditures made by the
         Borrower and its Subsidiaries during any Fiscal Year (or portion
         thereof) are less than the maximum amount permitted to be made for such
         Fiscal Year (or portion thereof),
<PAGE>
         50% of such unused amount (each such amount, a "carry-forward amount")
         may be carried forward to the immediately succeeding Fiscal Year and
         utilized to make Capital Expenditures in such succeeding Fiscal Year in
         the event the amount permitted in such succeeding Fiscal Year has been
         used (it being understood and agreed that no carry-forward amount may
         be carried beyond the Fiscal Year immediately succeeding the Fiscal
         Year in which it arose and that no portion of the carry-forward amount
         available for any Fiscal Year may be used until the entire amount of
         Capital Expenditures permitted to be made in such Fiscal Year (without
         giving effect to such carry-forward amount) shall be made)."

         3. Representations and Warranties. In order to induce the
Administrative Agent and the Lenders to enter into this Amendment, the Borrower
hereby represents and warrants to the Administrative Agent and the Lenders, in
each case after giving effect to this Amendment, as follows:

                  (a) The Borrower has the right, power and capacity and has
been duly authorized and empowered by all requisite corporate or limited
liability company and shareholder or member action to enter into, execute,
deliver and perform this Amendment and all agreements, documents and instruments
executed and delivered pursuant to this Amendment.

                  (b) This Amendment constitutes the Borrower's legal, valid and
binding obligation, enforceable against it, except as enforcement thereof may be
subject to the effect of any applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting creditors' rights generally and general
principles of equity (regardless of whether such enforcement is sought in a
proceeding in equity or at law or otherwise).

                  (c) The representations and warranties contained in the Credit
Agreement and the other Loan Documents are true and correct in all material
respects at and as of the Effective Date as though made on and as of the
Effective Date (except to the extent specifically made with regard to a
particular date, in which case such representation and warranty is true and
correct in all material respects as of such earlier date).

                  (d) The Borrower's execution, delivery and performance of this
Amendment do not and will not violate its Articles or Certificate of
Incorporation or By-laws, any material law, rule, regulation, order, writ,
judgment, decree or award applicable to it or any material contractual provision
to which it is a party or to which it or any of its property is subject.

                  (e) No authorization or approval or other action by, and no
notice to or filing or registration with, any governmental authority or
regulatory body (other than those which have been obtained and are in force and
effect) is required in connection with the execution, delivery and performance
by the Borrower or any other Obligor of this Amendment and all agreements,
documents and instruments executed and delivered pursuant to this Amendment.

                  (f) No Default or Event of Default exists under the Credit
Agreement as of the date hereof or would exist as of the Effective Date after
giving effect to the amendments and transactions contemplated by this Amendment.

                                      -2-
<PAGE>
         4. Conditions to Effectiveness of Amendment. This Amendment shall
become effective on the date (the " Effective Date") each of the following
conditions precedent is satisfied:

         (a) Execution and Delivery. The Borrower, the Administrative Agent, and
the Required Lenders shall have executed and delivered this Amendment; the
Borrower shall have executed and delivered an Officers Certificate in the form
of Exhibit A attached hereto; the Subsidiary Guarantors shall have executed and
delivered a Reaffirmation of Guarantee in the form of Exhibit B attached hereto.

         (b) Representations and Warranties. The representations and warranties
of the Borrower and the other Obligors contained in this Amendment, the Credit
Agreement and the other Loan Documents shall be true and correct in all material
respects as of the Effective Date, with the same effect as though made on such
date, except to the extent that any such representation or warranty relates to
an earlier date, in which case such representation or warranty shall be true and
correct in all material respects as of such earlier date.

         (c) No Defaults. No Default or Event of Default under the Credit
Agreement shall have occurred and be continuing.

         5.  Miscellaneous. The parties hereto hereby further agree as follows:

         (a) Costs, Expenses and Taxes. The Borrower hereby agrees to pay all
reasonable fees, costs and expenses of the Administrative Agent incurred in
connection with the negotiation, preparation and execution of this Amendment and
the transactions contemplated hereby, including, without limitation, the
reasonable fees and expenses of Winston & Strawn, counsel to the Administrative
Agent.

         (b) Counterparts. This Amendment may be executed in one or more
counterparts, each of which, when executed and delivered, shall be deemed to be
an original and all of which counterparts, taken together, shall constitute but
one and the same document with the same force and effect as if the signatures of
all of the parties were on a single counterpart, and it shall not be necessary
in making proof of this Amendment to produce more than one (1) such counterpart.

         (c) Headings. Headings used in this Amendment are for convenience of
reference only and shall not affect the construction of this Amendment.

         (d) Integration. This Amendment and the Credit Agreement (as amended
hereby) constitute the entire agreement among the parties hereto with respect to
the subject matter hereof.

         (e) Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS AND DECISIONS OF THE STATE OF
NEW YORK (WITHOUT REFERENCE TO CONFLICT OF LAWS PRINCIPLES).

         (f) Binding Effect. This Amendment shall be binding upon and inure to
the benefit of and be enforceable by the Borrower, the Administrative Agent and
the Lenders and their respective successors and assigns. Except as expressly set
forth to the contrary herein, this

                                      -3-
<PAGE>
Amendment shall not be construed so as to confer any right or benefit upon any
Person other than the Borrower, the Administrative Agent and the Lenders and
their respective successors and permitted assigns.

         (g) Amendment; Waiver. The parties hereto agree and acknowledge that
nothing contained in this Amendment in any manner or respect limits or
terminates any of the provisions of the Credit Agreement or any of the other
Loan Documents other than as expressly set forth herein and further agree and
acknowledge that the Credit Agreement (as amended hereby) and each of the other
Loan Documents remain and continue in full force and effect and are hereby
ratified and confirmed. Except to the extent expressly set forth herein, the
execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any rights, power or remedy of the Lenders or the Administrative Agent
under the Credit Agreement or any other Loan Document, nor constitute a waiver
of any provision of the Credit Agreement or any other Loan Document. No delay on
the part of any Lender or the Administrative Agent in exercising any of their
respective rights, remedies, powers and privileges under the Credit Agreement or
any of the Loan Documents or partial or single exercise thereof, shall
constitute a waiver thereof. On and after the Effective Date each reference in
the Credit Agreement to "this Agreement," "hereunder," "hereof," "herein" or
words of like import, and each reference to the Credit Agreement in the Loan
Documents and all other documents delivered in connection with the Credit
Agreement shall mean and be a reference to the Credit Agreement as amended
hereby. The Borrower acknowledges and agrees that this Amendment constitutes a
"Loan Document" for purposes of the Credit Agreement, including, without
limitation, Section 9.1 of the Credit Agreement. None of the terms and
conditions of this Amendment may be changed, waived, modified or varied in any
manner, whatsoever, except in accordance with Section 10.1 of the Credit
Agreement.

                            [signature pages follow]

                                      -4-
<PAGE>
             IN WITNESS WHEREOF, the parties hereto have caused this Amendment
to be executed and delivered by their respective officers thereunto duly
authorized, as of the date first written above.

                                        GLOBAL POWER EQUIPMENT GROUP INC.

                                        By: /s/ MICHAEL H. HACKNER
                                           -----------------------------------

                                        Name:  Michael H. Hackner

                                        Title: Vice President of Finance & CFO

                        GLOBAL POWER EQUIPMENT GROUP INC.
            THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
<PAGE>
                                        BANKERS TRUST COMPANY,
                                        Individually and as Administrative Agent

                                        By: /s/ MARY JO JOLLY
                                           -------------------------------------

                                        Name: Mary Jo Jolly
                                             -----------------------------------

                                        Title: Assistant Vice President
                                              ----------------------------------

                        GLOBAL POWER EQUIPMENT GROUP INC.
            THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
<PAGE>
                                        CREDIT SUISSE FIRST BOSTON

                                        By: /s/ JAMES P. MORAN
                                           -------------------------------------

                                        Name: James P. Moran
                                             -----------------------------------

                                        Title: Director
                                              ----------------------------------

                                        By: /s/ DAVID M. KOCZAN
                                           -------------------------------------

                                        Name: David M. Koczan
                                             -----------------------------------

                                        Title: Assistant Vice President
                                              ----------------------------------

                        GLOBAL POWER EQUIPMENT GROUP INC.
            THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
<PAGE>
                                        NATIONAL CITY BANK, CLEVELAND

                                        By: /s/ JULIE I. SABROFF
                                           -------------------------------------

                                        Name: Julie I. Sabroff
                                             -----------------------------------

                                        Title: Senior Vice President
                                              ----------------------------------

                        GLOBAL POWER EQUIPMENT GROUP INC.
            THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
<PAGE>
                                        FLEET BANK

                                        By: /s/ RICH WILLIAMS
                                           -------------------------------------

                                        Name: Rich Williams
                                             -----------------------------------

                                        Title: Assistant Vice President
                                              ----------------------------------

                        GLOBAL POWER EQUIPMENT GROUP INC.
            THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
<PAGE>
                                        US BANK NATIONAL ASSOCIATION

                                        By: /s/ WILLIAM J. UMSCHEID
                                           -------------------------------------

                                        Name: William J. Umscheid
                                             -----------------------------------

                                        Title: Vice President
                                              ----------------------------------

                        GLOBAL POWER EQUIPMENT GROUP INC.
            THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
<PAGE>
                                        BARCLAYS BANK PLC

                                        By: /s/ JOHN GIANNOUE
                                           -------------------------------------

                                        Name: John Giannoue
                                             -----------------------------------

                                        Title: Director
                                              ----------------------------------

                        GLOBAL POWER EQUIPMENT GROUP INC.
            THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
<PAGE>
                                        CITICORP USA, INC.

                                        By: /s/ NICOLAS ERNI
                                           -------------------------------------

                                        Name: Nicolas Erni
                                             -----------------------------------

                                        Title: Vice President
                                              ----------------------------------

                        GLOBAL POWER EQUIPMENT GROUP INC.
            THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
<PAGE>
                                        ALLIED IRISH BANKS PLC

                                        By: /s/ JOHN FARRACE
                                           -------------------------------------

                                        Name: John Farrace
                                             -----------------------------------

                                        Title: Senior Vice President
                                              ----------------------------------

                        GLOBAL POWER EQUIPMENT GROUP INC.
            THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
<PAGE>
                                        FORTIS CAPITAL

                                        By: /s/ DOUGLAS V. RIAHI
                                           -------------------------------------

                                        Name: Douglas V. Riahi
                                             -----------------------------------

                                        Title: Vice President
                                              ----------------------------------

                                        By: /s/ JOHN O'CONNOR
                                           -------------------------------------

                                        Name: John O'Connor
                                             -----------------------------------

                                        Title: Managing Director
                                              ----------------------------------

                        GLOBAL POWER EQUIPMENT GROUP INC.
            THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
<PAGE>
                                    EXHIBIT A

                             CERTIFICATE OF OFFICER

         I, the undersigned, Chief Executive Officer of Global Power Equipment
Group Inc., a Delaware corporation (the "Borrower"), in accordance with Section
4(a) of that certain Third Amendment to Amended and Restated Credit Agreement
dated as of November 2, 2001 (the "Amendment") among the Borrower, Bankers Trust
Company, as Administrative Agent, and the financial institutions party thereto,
do hereby certify on behalf of the Borrower, the following:

         1.       The representations and warranties set forth in Section 3 of
                  the Amendment are true and correct in all material respects as
                  of the date hereof except to the extent such representations
                  and warranties are expressly made as of a specified date in
                  which event such representations and warranties were true and
                  correct in all material respects as of such specified date;

         2.       No Default or Event of Default has occurred and is continuing;
                  and

         3.       The conditions of Section 4 of the Amendment have been fully
                  satisfied.

         Unless otherwise defined herein, capitalized terms used herein shall
have the meanings set forth in the Amendment.

         IN WITNESS WHEREOF, the undersigned has duly executed and delivered on
behalf of the Borrower this Certificate of Officer on this ___ day of , 2001.

                                        GLOBAL POWER EQUIPMENT GROUP INC.

                                        By:  /s/ MICHAEL H. HACKNER
                                             -----------------------------------
                                        Name:   Michael H. Hackner
                                        Title:  Vice President of Finance & CFO
<PAGE>
                                    EXHIBIT B

                           REAFFIRMATION OF GUARANTEE

         Each of the undersigned acknowledges receipt of a copy of the Third
Amendment to Amended and Restated Credit Agreement (the "Amendment"; capitalized
terms used herein shall, unless otherwise defined herein, have the meanings
provided in the Amendment) dated as of November 2, 2001, by and among Global
Power Equipment Group Inc., Bankers Trust Company, as administrative agent, and
the financial institutions party thereto as Lenders, consents to such amendment
and each of the transactions referenced in the Amendment and hereby reaffirms
its obligations under the Subsidiary Guaranty, as applicable.

Dated as of November 2, 2001.

DELTAK, L.L.C.                             BRADEN CONSTRUCTION SERVICES, INC.

By: /s/ GARY W. SIMONS                     By: /s/ JAMES P. WILSON
    ----------------------------------         ---------------------------------
Name: Gary W. Simons                       Name: James P. Wilson
      --------------------------------           -------------------------------
Title: Vice President of Finance           Title: Treasurer and Secretary
       -------------------------------            ------------------------------

BRADEN MANUFACTURING, L.L.C.               CFI HOLDINGS, INC.

By: /s/ JAMES P. WILSON                    By: /s/ JAMES P. WILSON
    ----------------------------------         ---------------------------------
Name: James P. Wilson                      Name: James P. Wilson
      --------------------------------           -------------------------------
Title: Secretary                           Title: Secretary
       -------------------------------            ------------------------------

DELTAK CONSTRUCTION SERVICES, INC.         CONSOLIDATED FABRICATORS, INC.

By: /s/ MICHAEL H. HACKNER                 By: /s/ JAMES P. WILSON
    ----------------------------------         ---------------------------------
Name: Michael H. Hackner                   Name: James P. Wilson
      --------------------------------           -------------------------------
Title: Treasurer and Secretary             Title: Secretary
       -------------------------------            ------------------------------<PAGE>
                                                                   Exhibit 10.28

                              EMPLOYMENT AGREEMENT

         This EMPLOYMENT AGREEMENT (this "Agreement") is dated as of October 31,
2000, by and between Consolidated Fabricators, Inc., a Delaware corporation (the
"Company"), and John L. McSweeney (the "Executive"). Capitalized terms used but
not otherwise defined herein shall have the meaning assigned to such terms in
Section 1.

         WHEREAS, the Company and the Executive desire to enter into an
agreement regarding the employment by the Company of the Executive effective as
of October 31, 2000; and

         WHEREAS, the Executive will be entrusted with knowledge of the
particular business methods of the Global Energy Group Members and will be
trained and instructed in the particular operation methods of the Global Energy
Group Members and the relationship between the Company and the Executive will be
one in which the Company places special trust and confidence in the Executive.

         NOW, THEREFORE, in consideration of employment and in further
consideration of these mutual covenants and agreements, the parties hereto, each
intending to be bound, covenant and agree as follows:

         1. Definitions. As used herein, the following terms shall have the
following meanings:

                  "Benefits" has the meaning set forth in Section 2(c)(ii).

                  "Board" means the Board of Directors of the Company.

                  "Cause" means the occurrence of any one of the following as
determined by the Board: (i) any breach or non-observance by the Executive of
any material provision of this Agreement, including, without limitation, a
failure by the Executive to perform his duties pursuant to Section 2(b) of this
Agreement or breach by the Executive of any provisions contained in Section 4 or
Section 5 of this Agreement; (ii) the commission by the Executive of a felony,
or any crime involving theft, dishonesty or moral turpitude; (iii) the
commission by the Executive of act(s) or omission(s) which are willful and
deliberate acts intended to harm or injure the business, operations, financial
condition or reputation of the Company, any of the Company's equity holders, or
any Affiliate of any of the foregoing; (iv) the Executive's disregard of the
directives of the Board; (v) the Executive's drunkenness or use of drugs which
interferes with the performance of the Executive's duties under this Agreement,
which drunkenness or use of drugs continues after receipt of notice to the
Executive from the Company of his violation of this provision; or (vi) any
attempt by the Executive to secure any personal profit in connection with the
business of the Company unless given prior written approval by unanimous consent
of the Board.

                  "Confidential Information" has the meaning set forth in
Section 4(a)(i).
<PAGE>
                  "Disability" means the inability, due to illness, accident,
injury, physical or mental incapacity or other disability, of the Executive to
carry out effectively his duties and obligations to the Company or to
participate effectively and actively in the management of the Company for a
period of at least 90 consecutive days or for shorter periods aggregating at
least 150 days (whether or not consecutive) during any twelve-month period, as
determined in the judgment of the Board.

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

                  "Global Energy Group Members" means, collectively, the Company
and each of its Subsidiaries and GEEG Holdings, LLC ("GEEG"), a Delaware limited
liability company and each of its Subsidiaries (other than the Company and each
of its Subsidiaries).

                  "Good Reason" for resignation by the Executive means his
resignation because of: (i) a reduction in the annual base salary of the
Executive or a material reduction in the Benefits granted to the Executive, (ii)
a requirement that the Executive be based at any office or location more than
fifty miles from (x) between the date hereof and the first anniversary of the
date hereof, Trumbull, Connecticut and (y) after the first anniversary of the
date hereof, Clinton, South Carolina, (iii) a removal of the Executive as
President of the Company by action of the Board or (iv) an assignment, by action
of the Board, to the Executive of any duties and responsibilities that are
substantially inconsistent with or materially diminish the Executive's position,
in each case other than with the written consent of the Executive.

                  "Person" means an individual, a partnership, a corporation, an
association, a limited liability company, a joint stock company, a trust, a
joint venture, an unincorporated organization or a governmental entity or any
department, agency or political subdivision thereof.

                  "Repurchase Agreement" means the Repurchase Agreement, dated
the date hereof, by and between Executive and GEEG.

                  "Subsidiary" means, with respect to any Person, any
corporation, partnership, limited liability company, association or other
business entity of which (i) if a corporation, a majority of the total voting
power of shares of stock entitled (without regard to the occurrence of any
contingency) to vote in the election of directors thereof is at the time owned
or controlled, directly or indirectly, by that Person or one or more of the
other Subsidiaries of that Person or a combination thereof, or (ii) if a
partnership, limited liability company, association or other business entity, a
majority of the partnership or other similar ownership interest thereof is at
the time owned or controlled, directly or indirectly, by any Person or one or
more Subsidiaries of that Person or a combination thereof. For purposes hereof,
a Person or Persons shall be deemed to have a majority ownership interest in a
partnership, limited liability company, association or other business entity if
such Person or Persons shall be allocated a majority of partnership, limited
liability company, association or other business entity gains or losses or shall
be or

                                       2
<PAGE>
control the sole managing director, manager or general partner of such
partnership, limited liability company, association or other business entity.

                  "Termination Date" means the date that the Executive ceases to
be employed by any Global Energy Group Member for any reason.

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

                  (b) Positions and Duties. (i) Commencing on the date hereof
and continuing during the Employment Period, the Executive shall serve as
President of the Company under the supervision and direction of the Board and
shall have the normal duties, responsibilities and authority of a president of a
corporation and such other duties as shall be assigned to the Executive by the
Board from time to time.

                           (ii) The Executive shall devote his best efforts and
his full business time and attention (except for permitted vacation periods and
reasonable periods of illness or other incapacity which does not constitute
Disability) to the business and affairs of the Company. The Executive shall
perform his duties and responsibilities to the best of his abilities in a
diligent, trustworthy, businesslike and efficient manner. The Executive shall
perform all services in accordance with the policies, procedures and rules
established by the Company. In addition, the Executive shall comply with all
laws, rules and regulations that are generally applicable to the Company, its
Affiliates and their employees, directors and officers.

                  (c) Base Salary and Benefits. (i) Base Salary. During the
Employment Period, the Executive's base salary shall be $330,000 per annum (the
"Base Salary"), which salary shall be paid by the Company in regular
installments, not less frequently than monthly, in accordance with the Company's
general payroll practices and shall be subject to customary withholding.

                           (ii) Benefits. During the Employment Period, in
addition to the Base Salary payable to the Executive pursuant to Section
2(c)(i), the Executive shall be entitled to participate in the Company's
employee benefit programs which the Company may now or hereafter make available
generally to its senior level executives, including those employee benefits
listed on Exhibit A hereto, it being understood that the aggregate pre-tax cost
to the Company of such employee benefits listed on Exhibit A shall not exceed
$70,000 per annum.

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

                                       3
<PAGE>
                  (d) Term. (i) This Agreement is an employment contract for a
term of three (3) years beginning on the date hereof and ending on the third
anniversary of the date thereof (the "Employment Period"). Notwithstanding the
foregoing, the Employment Period is subject to early termination (x) by reason
of the Executive's death or Disability, (y) by resolution of the Board with or
without Cause, or (z) upon the Executive's voluntary resignation.

                           (ii) Notwithstanding any termination of the
Executive's employment with the Company (such termination, an "Employment
Termination"), this Agreement shall remain a valid and enforceable contract
between the parties with respect to Sections 3, 4, 5, 6 and 7 hereof.

                  (e) Employment Termination. (i) If the Employment Period is
terminated early by resolution of the Board with Cause, by reason of the
Executive's death or disability or by reason of the Executive's voluntary
resignation other than for Good Reason, then the Executive shall be entitled to
receive only all previously earned and accrued but unpaid Base Salary and
vacation time up to the date of the Employment Termination.

                           (ii) If the Employment Period is terminated early by
reason of the Executive's resignation with Good Reason or by resolution of the
Board without Cause, then, subject to Section 2(e)(iii), the Executive shall be
entitled to receive: (x) all previously earned and accrued but unpaid Base
Salary and vacation time up to the date of the Employment Termination, (y) a
lump sum amount equal to the amount of Base Salary the Executive would have
earned after the date of Employment Termination until the third anniversary of
the date hereof, but for such Employment Termination and (z) the Benefits marked
on Exhibit A until the third anniversary of the date hereof; provided, however,
that in lieu of providing such Benefits, the Company may elect to pay to the
Executive the cost of premiums for such Benefits; provided, further, that the
Executive can obtain such Benefits at such cost or the policy or policies with
respect to such Benefits have been validly assigned to the Executive.
Notwithstanding these payments or benefits, the period for which the Executive
is entitled to health care continuation coverage under Section 4980B of the
Internal Revenue Code of 1986, as amended, shall begin to run on the date of the
Employment Termination.

                           (iii) As a condition to receiving any payments
pursuant to Section 2(e)(ii), the Executive shall execute and deliver to the
Company a general release (with ancillary covenants not to sue and other similar
standard provisions) of the Company and its Affiliates and their respective
officers, directors and employees from all claims of any kind whatsoever arising
out of the Executive's employment or termination thereof (including without
limitation, civil rights claims), in such form as reasonably requested by the
Company; provided, however, that the release will not affect any contractual
rights (A) the Executive may otherwise have under Section 2(e)(ii) of this
Agreement, the Repurchase Agreement, the Acquisition Agreement dated the date
hereof by and among Consolidated Fabricators, Inc. ("CFI"), GEEG, Seller and the
other stockholder of CFI or the promissory note issued by CFI to Seller on the
date hereof or (B) to which the Executive is entitled in accordance with plan
provisions under any employee benefit plan or fringe benefit plan or program of
any Global Energy Group Members.

                                       4
<PAGE>
                           (iv) Except as expressly provided in this Section
2(e), the Executive hereby agrees that upon and after the Employment
Termination, no severance compensation of any kind, nature or amount (including
by operation of law) shall be payable by the Company or any of their respective
Subsidiaries or Affiliates to the Executive and the Executive hereby irrevocably
waives any claim for severance compensation of any kind, nature or amount
(including by operation of law).

                           (v) Except as expressly provided in this Section
2(e), upon the Employment Termination, except as required by law, all of the
Executive's rights to Benefits hereunder (if any) shall cease.

         3. Work Product. The Executive agrees that all inventions, drawings,
improvements, developments, methods, processes, programs, designs and all
similar or related information which relates to the actual or anticipated
business or research and development or existing or future products or services
of any Global Energy Group Member and which are conceived, developed,
contributed to or made by the Executive (either solely or jointly with others)
while employed by any Global Energy Group Member ("Work Product") shall be the
sole and exclusive property of such Global Energy Group Member. The Executive
will promptly disclose such Work Product to the Company and perform all actions
requested by the Company (whether during or after employment) to establish and
confirm such ownership (including, without limitation, assignments, consents,
powers of attorney and other instruments).

         4. Confidential Information. (a) The Executive acknowledges: (i) That
the Work Product, artificial intelligence systems, information, customer lists,
goodwill, observations and data disclosed to, developed by or obtained by him
while employed by any Global Energy Group Member concerning the business or
affairs of any Global Energy Group Member (including without limitation the
technology, methods of doing business and supplier and customer information of
such Global Energy Group Member) (collectively, "Confidential Information") are
highly confidential and uniquely valuable to the Global Energy Group Members;

                           (ii) That such Confidential Information is and shall
continue to be the property of the relevant Global Energy Group Member;

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

                           (iv) That the continued success of the Global Energy
Group Members depends in large part on keeping the Confidential Information from
becoming known to competitors of the Global Energy Group Members; and

                           (v) That each Global Energy Group Members will be
irreparably harmed by disclosure of any Confidential Information.

                  (b) Therefore, the Executive agrees: (i) That, during his
employment and for all times thereafter except (A) as required by law or court
order, (B) to the extent necessary in

                                       5
<PAGE>
order to permit Executive to enforce his rights under this Agreement or (C)
during the Employment Period, if reasonably required in connection with the
business of the Company, he shall not directly or indirectly disclose to any
unauthorized person or use for his own account any Confidential Information
without the prior written consent of the Company, unless and to the extent that
the aforementioned matters become generally known to and available for use by
the public other than as a result of the Executive's acts or omissions to act;

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

                           (iii) That upon the Employment Termination or at any
other time the Company may request, for whatever reason, the Executive shall
deliver (and in the event of the Executive's death or Disability, his
representative shall deliver) to the Company all computer equipment or backup
files of or relating to any Global Energy Group Member, all memoranda,
correspondence, customer data, notes, plans, records, reports, manuals,
photographs, computer tapes and software and other documents and data (and
copies thereof) relating to the Confidential Information, the Work Product or
the business of any Global Energy Group Member which he may then possess or have
under his control. If the Company requests, the Executive (or his
representative) agrees to provide written confirmation that the Executive has
returned all such materials to the Company; and

                           (iv) That upon the Employment Termination or at any
other time the Company may request, for whatever reason, the Executive shall
assign all rights, title and interest in the Confidential Information, the Work
Product, all computer equipment or backup files of or relating to any Global
Energy Group Member, all memoranda, correspondence, customer data, notes, plans,
records, reports, manuals, photographs, computer tapes and software and other
documents and data (and copies thereof) relating to the Confidential
Information, the Work Product or the business of the Global Energy Group Members
which the Executive may then possess, has under his control, or has ever
developed, obtained, or contributed to during his tenure with the Company.

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

                                       6
<PAGE>
                  (b) During the Noncompete Period, the Executive shall not
directly or indirectly through another entity (i) induce or attempt to induce
any employee of any Global Energy Group Member to leave the employ of the
Company or any such Subsidiary, or in any way interfere with the relationship
between any Global Energy Group Member and any employee thereof, including
without limitation, inducing or attempting to induce any union, employee or
group of employees to interfere with the business or operations of any Global
Energy Group Member, (ii) hire any person who was an employee of any Global
Energy Group Member at any time during the Executive's employment period, or
(iii) induce or attempt to induce any customer, supplier, distributor,
franchisee, licensee or other business relation of any Global Energy Group
Member to cease doing business with such Global Energy Group Member, or in any
way interfere with the relationship between any such customer, supplier,
distributor, franchisee, licensee or business relation and any Global Energy
Group Member.

                  (c) The Executive agrees that: (i) the covenants set forth in
this Section 5 are reasonable in geographical and temporal scope and in all
other respects, (ii) the Company would not have entered into this Agreement but
for the covenants of the Executive contained herein, and (iii) the covenants
contained herein have been made in order to induce the Company to enter into
this Agreement.

                  (d) If, at the time of enforcement of this Section 5, a court
shall hold that the duration, scope or area restrictions stated herein are
unreasonable under circumstances then existing, the parties agree that the
maximum duration, scope or area reasonable under such circumstances shall be
substituted for the stated duration, scope or area and that the court shall be
allowed to revise the restrictions contained herein to cover the maximum period,
scope and area permitted by law.

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

         6. Notices. All notices and other communications under this Agreement
shall be in writing and shall be deemed given when (i) delivered by hand, (ii)
transmitted by prepaid cable, telex or telecopier, provided that a copy is sent
at about the same time by registered mail, return receipt requested and,
provided further, that a transmission made on a day which is not a business day
or after 3:00 pm on a business day shall be deemed given on the following
business day, (iii) one business day after mailed, to the addressee, if sent by
Express Mail, Fed Ex, or other overnight delivery service, or (iv) three
business days after mailed, to the addressee, by regular mail delivery of the
U.S. Postal Service, to the addressee at the following addresses or telecopier
numbers (or to such other address or telecopier number as a party may specify by
notice given to the other party pursuant to this provision):

                                       7
<PAGE>
                  To the Company:

                           Consolidated Fabricators, Inc.
                           17 St. Mark Street
                           Auburn, MA 01501
                           Attention:  Secretary
                           Telecopy No.:  (508) 832-7369

                  With a copy, which shall not constitute notice, to:

                           GEEG Holdings, L.L.C.
                           6120 South Yale, Suite 1480
                           Tulsa, OK  74136
                           Attention:  Secretary
                           Telecopy No.:  (918) 488-8389

                                            and

                           Harvest Partners, Inc.
                           280 Park Avenue
                           33rd Floor
                           New York, NY  10017
                           Attention:  Stephen Eisenstein
                           Telecopy No.:  (212) 812-0100

                                            and

                           White & Case LLP
                           1155 Avenue of the Americas
                           New York, NY 10036-2787
                           Attention:  John M. Reiss, Esq.
                                        Oliver C. Brahmst, Esq.
                           Telecopy No.: (212) 354-8113

                  To the Executive:

                           at the Executive's last address or telecopy
                           number on the records of the Company

                                       8
<PAGE>
or to such other Person or address as shall be designated in writing by any such
party.

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

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

                  (c) Complete Agreement. This Agreement shall embody the
complete agreement and understanding among the parties and supersede and preempt
any prior understandings, agreements or representations by or among the parties,
written or oral, which may have related to the subject matter hereof in any way.
This Agreement does not supersede the Repurchase Agreement between GEEG and the
Executive which is being executed concurrently herewith.

                  (d) Counterparts. This Agreement may be executed in separate
counterparts, each of which is deemed to be an original and all of which taken
together constitute one and the same agreement.

                  (e) Successors and Assigns, Transfer. This Agreement is
intended to bind and inure to the benefit of and be enforceable by the Executive
and the Company and their respective successors, heirs and assigns. The
Executive acknowledges and agrees that any other Global Energy Group Member
shall be a third party beneficiary of Sections 3, 4, 5, 6 and 7 of this
Agreement and may enforce such provisions as if it were a party hereto, the
Company may, at any time, and without the prior consent of any party hereto,
assign its rights under this Agreement to the financing sources of any Global
Energy Group Member by way of security, to any Person appointed to enforce such
security or any Person in connection with such enforcement.

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

                  (g) Remedies. The Company and the Executive will be entitled
to enforce its respective rights under this Agreement specifically, to recover
damages and costs (including reasonable attorneys' fees and expenses) caused by
any breach of any provision of this

                                       9
<PAGE>
Agreement and to exercise all other rights existing in its favor. The parties
hereto agree and acknowledge that the Company will suffer irreparable harm and
money damages may not be an adequate remedy for any breach of the provisions of
this Agreement by the Executive and that any such party may in its sole
discretion apply to any court of law or equity of competent jurisdiction
(without posting any bond or deposit) for specific performance and/or other
injunctive relief in order to enforce or prevent any violations of the
provisions of this Agreement.

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

                                       10
<PAGE>
                  IN WITNESS WHEREOF, the parties hereto have executed this
Employment Agreement as of the date first written above.

                                      CONSOLIDATED FABRICATORS, INC.

                                      By:        /s/  James P. Wilson
                                           ------------------------------------
                                           Name:   James P. Wilson
                                           Title:  Secretary
<PAGE>
                                          /s/  John L. McSweeney
                                      ------------------------------------------
                                      John L. McSweeney
<PAGE>
                                                                       Exhibit A

The Company shall pay the employer's portion of Social Security and Medicare
taxes as required by law.

Medical insurance in accordance with the Company's plan

Dental insurance in accordance with the Company's plan

The Company shall pay all premiums on the following insurance policies (or
equivalent policies) on the life of the Executive:

<TABLE>
<CAPTION>
                                                                                                  Face amount of policy (or
            Insurance Company           Policy Number                Type of policy               applicable other benefits)
            -----------------           -------------                --------------               --------------------------
<S>                                     <C>                       <C>                           <C>    <C>    <C>    <C>
  1.           Mass Mutual                 445-2829               Long-Term Disability          $60,000 salary continuance per year
  2.           Northwestern               11-938-395              Whole-life insurance                     $750,000
  3.           Northwestern               12-289-956              Whole-life insurance                     $750,000
  4.           Northwestern               13-514-972              Whole-life insurance                     $500,000
  5.           John Hancock              ORD065692206             Term life insurance                      $100,000
  6.           John Hancock              ORD067164846             Whole-life insurance                     $200,000
</TABLE>

         The Executive shall be entitled to name the beneficiary of such
         policies (all of which shall continue to be owned by the Executive).

The Company shall lease a 1997 Lexus SC 400 or 2001 Lexus SC 430, or equivalent
cost automobile, for the Executive's business and personal use, and all
reasonable direct expenses related thereto, including gas, automobile insurance,
vehicle tags and registration and maintenance, shall be paid by the Company or
reimbursed to the Executive by the Company upon the Company's receipt of
reasonable documentation in accordance with Company policy. The Company shall be
the owner of such automobile at all times.

The Executive shall be entitled to receive paid vacation in accordance with the
policies and practices of the Company for other executive of the Company in
similar positions.

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