Document:

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                                                                    EXHIBIT 4.28

                              THIRD AMENDMENT TO
                         REGISTRATION RIGHTS AGREEMENT

          AMENDMENT, dated July 19, 2000 (this "Third Amendment Agreement"),
among Outboard Marine Corporation, a Delaware corporation (the "Company"),
Quantum Industrial Partners LDC, a Cayman Islands limited duration company
("QIP"), Greenlake Holdings II LLC, a Delaware limited liability company
("Greenlake II"), Greenlake Holdings III LLC, a Delaware limited liability
company ("Greenlake III"), Greenlake Holdings IV LLC, a Delaware limited
liability company ("Greenlake IV"), Greenlake Holdings V LLC, a Delaware limited
liability company ("Greenlake V") and Greenmarine Holdings LLC, a Delaware
limited liability company ("Greenmarine") to that certain REGISTRATION RIGHTS
AGREEMENT, dated January 28, 2000, as amended by an Amendments dated May 2, 2000
and May 31, 2000 (the "Existing Agreement"), among the Company, QIP, Greenlake
II, Greenlake III  and Greenmarine. Unless otherwise set forth in this Third
Amendment Agreement, capitalized terms have the respective meanings assigned to
them in the Existing Agreement.

          WHEREAS, the the parties entered into the Existing Agreement in
connection with (i) the acquisition by QIP and Greenlake II on January 28, 2000
of an aggregate of 650,000 shares of the Company's Series A Convertible
Preferred Stock, par value $.01 per share (the "Series A Preferred Stock"), and
warrants (the "January 28 Warrants") to purchase an aggregate of 5,750,000
shares of the Company's Common Stock, (ii) the acquisition by QIP and Greenlake
III on May 2, 2000 of $15,000,000 aggregate principal amount of the Company's
Subordinated Notes due June 1, 2000 (the "Subordinated Notes"), which
Subordinated Notes are convertible, under certain circumstances, into shares of
the Company's Series B Convertible Preferred Stock, par value $.01 per share
(the "Series B Preferred Stock"), and warrants (the "May 2 Warrants"), and (iii)
the acquisition by QIP and Greenlake III on May 31, 2000 of an aggregate of
200,000 shares of the Company's Series C Convertible Preferred Stock, par value
$.01 per share (the "Series C Preferred Stock"), and warrants (the "May 31
Warrants" and together with the January 28 Warrants and the May 2 Warrants, the
"Existing Warrants") to purchase an aggregate of 846,154 shares of the Company's
Common Stock, in order to grant to the holders of such securities certain
registration rights with respect thereto; and

          WHEREAS, Greenlake III has assigned its right to acquire certain
securities governed by the Existing Agreement to Greenlake IV; and

          WHEREAS, the Company proposes to issue and sell to QIP and Greenlake V
or their affiliates an aggregate of 200,000 shares of the Company's Series D
Convertible Preferred Stock, par value $.01 per share (the "Series D Preferred
Stock"), and warrants (the "New Warrants") to purchase an aggregate of 846,154
shares of the Company's Common Stock pursuant to the terms of a Preferred Stock
and Warrant Purchase Agreement, dated the date hereof (the "Series D Preferred
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                                                                               2

Stock Purchase Agreement"), among the Company, QIP and Greenlake V (and, with
respect to Article IX thereof, Greenlake III); and

          WHEREAS, in order to induce each of QIP and Greenlake V to purchase
the Series D Preferred Stock and New Warrants from the Company, the Company has
agreed to amend the Existing Agreement to grant registration rights with respect
to the shares of Common Stock issuable upon exercise of the New Warrants or upon
conversion of the shares of Series D Preferred Stock;

          WHEREAS, the Existing Agreement provides that the Existing Agreement
may amended by an amendment in writing signed by the Company and the
Stockholders holding Registrable Securities representing at least a majority of
the aggregate number of Registrable Securities owned by all of the Stockholders;
and

          WHEREAS, QIP, Greenlake II, Greenlake III and Greenmarine hold, in the
aggregate, in excess of a majority of the aggregate number of Registrable
Securities owned by all of the Stockholders;

          NOW, THEREFORE, the Company, QIP, Greenlake II, Greenlake III and
Greenmarine hereby agree to amend the Existing Agreement as follows:

          1.  Amendments to Section 1 of the Existing Agreement (Definitions)  .
Section 1 of the Existing Agreement is hereby amended to delete the definitions
contained therein of the terms "Amendment Agreement," "Existing Agreement,"
"Existing Warrants," Existing Agreement," "New Warrants," "Preferred Stock,"
"Registrable Securities" and "Stockholders" in their entirety and to add the
following additional definitions:

               "Existing Agreement" is defined in the preamble to the Third
     Amendment Agreement.

               "Existing Warrants" is defined in the first recital of the Third
     Amendment Agreement.

               "Greenlake IV" is defined in the preamble to the Third Amendment
     Agreement.

               "Greenlake V" is defined in the preamble to the Third Amendment
     Agreement.

               "New Warrants" is defined in the third recital of the Third
     Amendment Agreement.
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               "Preferred Stock" means the shares of the Company's Series A
     Preferred Stock, Series B Preferred Stock, Series C Preferred Stock and
     Series D Preferred Stock.

               "Registrable Securities" means each of the following: (a) any
     and all shares of Common Stock owned by the Designated Holders after giving
     effect to the consummation of the transactions contemplated by the Series D
     Preferred Stock Purchase Agreement or issued or issuable to such Designated
     Holders upon conversion of shares of Preferred Stock (including, without
     limitation, shares of Common Stock issued or issuable upon conversion of
     any shares of Series B Preferred Stock which may be issued upon conversion
     of the Subordinated Notes) or exercise of the Warrants and (b) any shares
     of Common Stock issued or issuable to any of the Designated Holders with
     respect to the Registrable Securities by way of stock dividend or stock
     split or in connection with a combination of shares, recapitalization,
     merger, consolidation or other reorganization or otherwise and any shares
     of Common Stock issuable upon conversion, exercise or exchange thereof.

               "Series D Preferred Stock" is defined in the third recital of the
     Third Amendment Agreement.

               "Series D Preferred Stock Purchase Agreement" is defined in the
     third recital of the Third Amendment Agreement.

               "Stockholders" means each of QIP, Greenlake II, Greenlake III,
     Greenlake IV, Greenlake V and Greenmarine and any transferee of any of them
     to whom Registrable Securities are transferred in accordance with Section
     10(f) of this Agreement.

               "Third Amendment Agreement" means the Amendment, dated July __,
     2000, among the Company, QIP, Greenlake II, Greenlake III, Greenlake IV and
     Greenlake V and Greenmarine, to this Agreement.

          2.    Amendments to Section 10 of the Exiting Agreement
(Miscellaneous).

               (a)  Section 10(k) of the Existing Agreement is hereby amended
and restated to read in its entirety as follow:

                    (k)  Entire Agreement.  This Agreement is intended by the
     parties as a final expression of their agreement and intended to be a
     complete and exclusive statement of the agreement and understanding of the
     parties hereto in respect of the subject matter contained herein.  There
     are no restrictions, promises, warranties or undertakings, other than those
     set forth or referred to herein and in the Stock Purchase Agreement, the
     Subordinated Notes Purchase Agreement, the Preferred Stock Purchase
     Agreement, the Series D Preferred Stock Purchase Agreement and the
     Stockholders' Agreement.  This Agreement supersedes all prior agreements
     and understandings among the parties with respect to such subject matter.
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               (b)  Section 10(m) of the Existing Agreement is hereby amended
and restated to read in its entirety as follow:

                    (m)  Other Agreements.  Nothing contained in this Agreement
     shall be deemed to be a waiver of, or release from, any obligations any
     party hereto may have under, or any restrictions on the transfer of
     Registrable Securities or other securities of the Company imposed by, any
     other agreement including, but not limited to, the Stock Purchase
     Agreement, the Subordinated Notes Purchase Agreement, the Preferred Stock
     Purchase Agreement, the Series D Preferred Stock Purchase Agreement or the
     Stockholders' Agreement.

          3.    Miscellaneous.
                -------------

                3.1 Headings. The headings in this Third Amendment Agreement are
for convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

                3.2  GOVERNING LAW.  THIS THIRD AMENDMENT AGREEMENT SHALL BE
GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE,
WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW OF ANY JURISDICTION.

                3.3  Continuation of Existing Agreement.  Any reference in the
Existing Agreement to "this Agreement" of "hereof" or using words of similar
meaning, shall be deemed to refer to the Existing Agreement as amended by this
Third Amendment Agreement.  Except as specifically amended hereby, the Existing
Agreement shall continue in full force and effect in accordance with its terms.

                 [Remainder of Page Intentionally Left Blank]

     IN WITNESS WHEREOF, the undersigned have executed, or have caused to be
executed, this Third Amendment Agreement on the date first written above.

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                      OUTBOARD MARINE CORPORATION

                      By:  /s/ Eric T. Martinez
                           ------------------------
                           Name:  Eric T. Martinez
                           Title: Sr. Vice President Finance and Treasurer

                      QUANTUM INDUSTRIAL PARTNERS LDC

                      By:  /s/ Michael C. Neus
                           -------------------
                           Name:   Michael C. Neus
                           Title:  Attorney in Fact

                      GREENLAKE HOLDINGS II LLC

                      By:  /s/ Gary K. Duberstein
                           ----------------------
                           Name:  Gary K. Duberstein
                           Title: Vice President

                      GREENLAKE HOLDINGS III LLC

                      By:  /s/ Gary K. Duberstein
                           ----------------------
                           Name:  Gary K. Duberstein
                           Title:  Vice President

                      GREENLAKE HOLDINGS IV LLC

                      By:  /s/ Gary K. Duberstein
                           ----------------------
                           Name:  Gary K. Duberstein
                           Title: Vice President

                      GREENLAKE HOLDINGS V LLC

                      By:  /s/ Gary K. Duberstein
                           ----------------------
                           Name:  Gary K. Duberstein
                           Title: Vice President

                      GREENMARINE HOLDINGS LLC

                      By:  /s/ Michael C. Neus
                           -------------------
                           Name:  Michael C. Neus
                           Title: Attorney in Fact<PAGE>

                                                                    EXHIBIT 4.29

                            CERTIFICATE OF AMENDMENT

                                       OF

                    CERTIFICATE OF THE POWERS, DESIGNATIONS,

                         PREFERENCES AND RIGHTS OF THE

                     SERIES A CONVERTIBLE PREFERRED STOCK,

                            PAR VALUE $.01 PER SHARE

                                       OF

                          OUTBOARD MARINE CORPORATION

                        _______________________________

                        (Pursuant to Section 242 of the
               General Corporation Law of the State of Delaware)

          Outboard Marine Corporation, a corporation organized and existing
under the laws of the State of Delaware (the "Corporation"), does hereby certify
as follows:

          1.  The name of the Corporation is Outboard Marine Corporation.

          2.  The date of filing of the Amended and Restated Certificate of
Incorporation of the Corporation with the Secretary of State was September 30,
1997, and the date of filing of the Certificate of the Powers, Designations,
Preferences and Rights of the Series A Convertible Preferred Stock, Par Value
$.01 Per Share (the "Certificate of Designation"), with the Secretary of State
was January 28, 2000.  The Certificate of Designation was previously amended by
the filing of  Certificates of Amendment with the Secretary of State on May 5,
2000 and May 31, 2000.

          3.  This Certificate of Amendment amends the Certificate of
Designation, as now in effect, to (i) provide for the issuance of shares Series
D Convertible Preferred Stock as Senior Stock and (ii) exempt from the anti-
dilution adjustment provisions contained therein certain specific issuances of
Common Stock by the Corporation.
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          4.  Section 5(c)(iii) of the Certificate of Designation as now in
effect is hereby amended to read in its entirety as follows:

                    (iii)  Issuance of Common Stock Below Current Market Price
     or Conversion Price.  If the Corporation shall, at any time or from time to
     time, sell or issue shares of Common Stock (regardless of whether
     originally issued or from the Corporation's treasury), or rights, options,
     warrants or convertible or exchangeable securities containing the right to
     subscribe for or purchase shares of Common Stock (excluding (A) shares
     issued in any of the transactions described in Section 5(c)(i) or (ii), (B)
     shares of Common Stock issued upon the conversion of any shares of Series A
     Preferred Stock, (C) Common Stock purchase warrants issued pursuant to the
     Purchase Agreement and the shares of Common Stock issued upon the exercise
     of such warrants, (D) the Subordinated Notes issued under that certain
     Subordinated Note and Warrant Purchase Agreement, dated May 2, 2000, among
     the Corporation, Quantum Industrial Partners LDC and Greenlake Holdings III
     LLC, and any shares of Series B Preferred Stock issued upon conversion
     thereof, (E) shares of Common Stock issued upon the conversion of any
     shares of Series B Preferred Stock, (F) Common Stock purchase warrants
     issued by the Corporation pursuant to that certain Subordinated Note and
     Warrant Purchase Agreement, dated May 2, 2000, among the Corporation,
     Quantum Industrial Partners LDC and Greenlake Holdings III LLC and the
     shares of Common Stock issuable upon exercise of such warrants, (G) shares
     of Series C Preferred Stock issued pursuant to that certain Preferred Stock
     and Warrant Purchase Agreement, dated May 31, 2000, among the Corporation,
     Quantum Industrial Partners LDC and Greenlake Holdings III LLC, and shares
     of Common Stock issued upon the conversion of shares of any shares of
     Series C Preferred Stock, (H) Common Stock purchase warrants issued
     pursuant to that certain Preferred Stock and Warrant Purchase Agreement,
     dated May 31, 2000, among the Corporation, Quantum Industrial Partners LDC
     and Greenlake Holdings III LLC, and shares of Common Stock issued upon the
     exercise of such warrants, (I) shares of Series D Preferred Stock issued
     pursuant to that certain Preferred Stock and Warrant Purchase Agreement,
     dated July __, 2000, among the Corporation, Quantum Industrial Partners LDC
     and Greenlake Holdings V LLC, and shares of Common Stock issued upon the
     conversion of shares of any shares of Series D Preferred Stock, (J) Common
     Stock purchase warrants issued pursuant to that certain Preferred Stock and
     Warrant Purchase Agreement, dated July __, 2000, among the Corporation,
     Quantum Industrial Partners LDC and Greenlake Holdings V LLC, and shares of
     Common Stock issued upon the exercise of such warrants, and (K) options
     issuable pursuant to bona fide employee benefit plans or arrangements
     approved or adopted by the Corporation's Board of Directors, and the shares
     of Common Stock issuable on exercise of such options) at a price per share
     of Common Stock (determined, in the case of rights, options, warrants or
     convertible or exchangeable securities, by dividing (x) the total
     consideration received or receivable by the Corporation in consideration of
     the sale or issuance of such rights, options, warrants or convertible or
     exchangeable securities, plus the total consideration payable to the
     Corporation upon exercise or conversion or exchange thereof, by (y) the
     total number of shares of Common Stock covered by such rights, options,
     warrants or convertible or exchangeable securities) lower than either the
     Current Market Price per share of Common Stock or the Conversion Price
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     immediately prior to such sale or issuance, then the Conversion Price shall
     be reduced to the price determined by multiplying the Conversion Price in
     effect immediately prior thereto by a fraction, the numerator of which
     shall be the sum of (I) the number of shares of Common Stock outstanding
     immediately prior to such sale or issuance, plus (II) the quotient obtained
     by dividing the aggregate consideration received (determined as provided
     below) for such sale or issuance by the Applicable Price, and the
     denominator of which shall be the total number of shares of Common Stock
     outstanding immediately after such sale or issuance.  Such adjustment shall
     be made successively whenever such sale or issuance is made.  For the
     purposes of such adjustments, the shares of Common Stock which the holder
     of any such rights, options, warrants, or convertible or exchangeable
     securities shall be entitled to subscribe for or purchase shall be deemed
     to be issued and outstanding as of the date of such sale or issuance and
     the consideration "received" by the Corporation therefor shall be deemed to
     be the consideration actually received or receivable by the Corporation
     (plus any underwriting discounts or commissions in connection therewith)
     for such rights, options, warrants or convertible or exchangeable
     securities, plus the consideration stated in such rights, options, warrants
     or convertible or exchangeable securities to be payable to the Corporation
     for the shares of Common Stock covered thereby.  If the Corporation shall
     sell or issue shares of Common Stock for a consideration consisting, in
     whole or in part, of property other than cash or its equivalent, then in
     determining the "price per share of Common Stock" and the "consideration"
     received or receivable by or payable to the Corporation for purposes of the
     first sentence and the immediately preceding sentence of this Section
     5(c)(iii), the fair value of such property shall be determined in good
     faith by the Board of Directors of the Corporation and shall be the value
     which is agreed upon by at least 75% of the members thereof or if 75% of
     the members of the Board of Directors of the Corporation are unable to
     agree upon the value of such consideration, the value thereof shall be
     determined by an independent investment bank of nationally recognized
     stature that is selected by 75% of the members of the Board of Directors.
     The determination of whether any adjustment is required under this Section
     5(c)(iii) by reason of the sale and issuance of rights, options, warrants
     or convertible or exchangeable securities and the amount of such
     adjustment, if any, shall be made only at the time of such issuance or sale
     and not at the subsequent time of issuance or sale of Common Stock upon the
     exercise or conversion of such rights, options, warrants or convertible or
     exchangeable securities. Upon the expiration of any such options, warrants
     or rights, the termination of any such rights to convert or exchange or the
     expiration of any options, warrants or rights related to such convertible
     or exchangeable securities, the then current Conversion Price, to the
     extent in any affected by or computed using such options, warrants, rights
     or securities or options or rights related to such securities, shall be
     recomputed to reflect the issuance of only the number of shares of Common
     Stock actually issued upon the exercise of such options, warrants or
     rights, upon the conversion or exchange of such securities or upon the
     exercise of the options or rights related to such securities.

          5.  Section 8 of the Certificate of Designation as now in effect is
hereby amended to read in its entirety as follows:
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               8.  Reissuance of Series A Preferred Stock.  Shares of Series A
     Preferred Stock that have been issued and reacquired in any manner,
     including shares purchased or redeemed or exchanged, shall (upon compliance
     with any applicable provisions of the laws of Delaware) have the status of
     authorized and unissued shares of preferred stock undesignated as to series
     and may be redesignated and reissued as part of any series of preferred
     stock (other than Series A Preferred Stock, Series B Preferred Stock,
     Series C Preferred Stock or Series D Preferred Stock).

          6.  The definition of "Senior Stock" set forth in Section 10 of the
Certificate of Designation as now in effect is hereby amended to read in its
entirety as follows:

               "Senior Stock" means the shares of Series B Preferred Stock,
     Series C Preferred Stock and Series D Preferred Stock that may from time to
     time be outstanding.

          7.  Section 10 of the Certificate of Designation as now in effect is
hereby further amended to add the following additional defined terms:

               "Series D Preferred Stock" means the shares of the Corporation's
     Series D Convertible Preferred Stock, par value $.01 per share, that may
     from time to time be outstanding.

          8.  Such amendments were duly adopted in accordance with the
provisions of Section 242 of the General Corporation Law of the State of
Delaware and by Section 7(c) of the Certificate of Designation as now in effect.
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          IN WITNESS WHEREOF, the Corporation has authorized the undersigned to
execute this certificate on this 19th day of July, 2000.

                            OUTBOARD MARINE CORPORATION

                            By: /s/ Eric T. Martinez
                                -------------------------
                                Name: Eric T. Martinez
                                Title: Sr. Vice President Finance and Treasurer

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