Document:

EXHIBIT
10.22(b)

SECOND AMENDMENT

THIS SECOND AMENDMENT dated as of August 8, 2006 (this
“Amendment”) amends the Term Loan Agreement (as previously amended, the “Loan
Agreement”) dated as of February 11, 2005 among BRIGGS & STRATTON
CORPORATION, a Wisconsin corporation (the “Company”), various financial
institutions and BANK OF AMERICA, N.A., as Administrative Agent (in such
capacity, the “Administrative Agent”). 
Capitalized terms used but not defined herein have the respective
meanings set forth in the Loan Agreement.

WHEREAS, the Company, the Banks and the Administrative
Agent have entered into the Loan Agreement; and

WHEREAS, the parties hereto desire to amend the Loan
Agreement to permit the Company to make additional purchases of its own shares
for a limited period of time;

NOW, THEREFORE, in
consideration of the premises and for other good and valuable consideration
(the receipt and sufficiency of which are hereby acknowledged), the parties
hereto agree as follows:

SECTION 1            AMENDMENT.  Effective on (and subject to the occurrence
of) the Amendment Effective Date (as defined below), the first sentence of
Section 8.9 of the Loan Agreement shall be amended by (a) deleting the word “and”
before clause (iv) therein and substituting a semi-colon therefor; and (b)
deleting the period at the end thereof and substituting the following therefor:

; and (v) in addition, during the period from August 10, 2006 through
February 8, 2008, the Company may repurchase shares of its common stock for
aggregate consideration not exceeding $120,000,000.

SECTION 2            REPRESENTATIONS AND WARRANTIES.  The Company represents and warrants to the
Administrative Agent and the Banks on the Amendment Effective Date that (a) the
representations and warranties made in Article VI of the Loan Agreement are
true and correct on and as of the Amendment Effective Date with the same effect
as if made on and as of the Amendment Effective Date (except to the extent such
representations and warranties expressly refer to an earlier date, in which
case they were true and correct as of such earlier date); (b) no Event of
Default or Default exists or will result from the execution and delivery of
this Amendment; (c) no event or circumstance has occurred since the Closing
Date that has resulted, or would reasonably be expected to result, in a
Material Adverse Effect; (d) the execution and delivery by the Company of this
Amendment and the performance by the Company of its obligations under the Loan
Agreement as amended hereby (as so amended, the “Amended Agreement”) (i)
are within the corporate powers of the Company, (ii) have been duly authorized
by all necessary corporate action on the part of the Company, (iii) have
received all necessary governmental approval and (iv) do not and will not (x) contravene the terms of the Organization Documents of
the Company, (y) conflict with or result in any breach
or contravention of, or the creation of any Lien under, any document evidencing
any material Contractual Obligation to which the Company or any of its
Subsidiaries is a party or any order, 

 

injunction, writ or decree of any Governmental
Authority to which the Company or any of its Subsidiaries or its property is
subject or (z) violate any Requirement of Law applicable to the Company or any
of its Subsidiaries; and (e) the Amended Agreement is the
legal, valid and binding obligation of the Company, enforceable against the
Company in accordance with its terms, except as enforceability may be limited
by applicable bankruptcy, insolvency or similar laws affecting the enforcement
of creditors’ rights generally or by equitable principles relating to
enforceability.

SECTION 3            EFFECTIVENESS.  The amendments set forth in Section 1
above shall become effective on the date (the “Amendment Effective Date”)
when the Administrative Agent shall have received, a counterpart of this
Amendment executed by the Company and the Required Banks.

SECTION 4            MISCELLANEOUS.

4.1           Continuing Effectiveness, etc.  As herein amended, the Loan Agreement shall
remain in full force and effect and is hereby ratified and confirmed in all
respects.  After the Amendment Effective
Date, all references in the Loan Agreement, each other Loan Document and any
related document to the “Loan Agreement” or similar terms shall refer to the
Amended Agreement.

4.2           Counterparts.  This Amendment may be executed in any number
of counterparts and by the different parties on separate counterparts, and each
such counterpart shall be deemed to be an original but all such counterparts
shall together constitute one and the same Amendment.

4.3           Expenses.  The Company agrees to pay the reasonable
costs and expenses of the Administrative Agent (including Attorney Costs) in
connection with the preparation, execution and delivery of this Amendment.

4.4           Governing Law.  This Amendment shall be a contract made under
and governed by the internal laws of the State of Illinois.

4.5           Successors and Assigns.  This Amendment shall be binding upon the
Company, the Banks and the Administrative Agent and their respective successors
and assigns, and shall inure to the benefit of 
the Company, the Banks and the Administrative Agent and the successors
and assigns of the Banks and the Administrative Agent.

[Signature Pages Follow]

 2

 

IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be executed by their respective
officers thereunto duly authorized as of the day and year first above written.

	
  

  	
   

  	
  BRIGGS & STRATTON CORPORATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ CARITA R. TWINEM

  
	
   

  	
   

  	
  Name: 

  	
  Carita R. Twinem

  
	
   

  	
   

  	
  Title:

  	
  Treasurer

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  BANK OF AMERICA, N.A., as
  Administrative 

  Agent and a Bank

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ JEFFREY A. ARMITAGE

  
	
   

  	
   

  	
  Name: 

  	
  Jeffrey A. Armitage

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  LASALLE BANK NATIONAL ASSOCIATION, 

  as Syndication Agent and a Bank

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ JON R. HUITINK

  
	
   

  	
   

  	
  Name: 

  	
  Jon R. Huitink

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  U.S. BANK NATIONAL ASSOCIATION, as
  

  Documentation Agent and a Bank

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ CAROLINE V. KRIDER

  
	
   

  	
   

  	
  Name: 

  	
  Caroline V. Krider

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Senior Lender

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  BNP PARIBAS

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ CHRIS GRUMBOSKI

  
	
   

  	
   

  	
  Name: 

  	
  Chris Grumboski

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ TOMASZ RYDEL

  
	
   

  	
   

  	
  Name: 

  	
  Tomasz Rydel

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
							

 

 

 

	
  

  	
   

  	
  JPMORGAN CHASE BANK, N.A.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ MIKE KELLY

  
	
   

  	
   

  	
  Name:

  	
  Mike Kelly

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
						

 

 

 

	
  

  	
   

  	
  HARRIS N.A.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ THAD RASCHE

  
	
   

  	
   

  	
  Name:

  	
  Thad Rasche

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  ASSOCIATED BANK NA

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ JOSEPH J. GEHRKE

  
	
   

  	
   

  	
  Name:

  	
  Joseph J. Gehrke

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  FIFTH THIRD BANK

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ CHRISTOPHER D. JONES

  
	
   

  	
   

  	
  Name:

  	
  Christopher D. Jones

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  THE BANK OF NEW YORK

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ LOUIS D. SERIO

  
	
   

  	
   

  	
  Name:

  	
  Louis D. Serio

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  M&I MARSHALL & ILSLEY BANK

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ RONALD J. CAREY

  
	
   

  	
   

  	
  Name: 

  	
  Ronald J. Carey

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ JAMES R. MILLER

  
	
   

  	
   

  	
  Name:

  	
  James R. Miller

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  NATIONAL CITY BANK OF THE MIDWEST

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ JON R. HINARD

  
	
   

  	
   

  	
  Name:

  	
  Jon R. Hinard

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice PresidentEXHIBIT
10.23(b)

SECOND AMENDMENT

THIS SECOND AMENDMENT dated as of August 8, 2006 (this
“Amendment”) amends the Multicurrency Credit Agreement (as previously
amended, the “Credit Agreement”) dated as of May 28, 2004 among BRIGGS
& STRATTON CORPORATION, a Wisconsin corporation (the “Company”),
various financial institutions and BANK OF AMERICA, N.A., as Administrative
Agent (in such capacity, the “Administrative Agent”).  Capitalized terms used but not defined herein
have the respective meanings set forth in the Credit Agreement.

WHEREAS, the Company, the Banks and the Administrative
Agent have entered into the Credit Agreement; and

WHEREAS, the parties hereto desire to amend the Credit
Agreement to permit the Company to make additional purchases of its own shares
for a limited period of time;

NOW, THEREFORE, in
consideration of the premises and for other good and valuable consideration
(the receipt and sufficiency of which are hereby acknowledged), the parties
hereto agree as follows:

SECTION 1            AMENDMENT.  Effective on (and subject to the occurrence
of) the Amendment Effective Date (as defined below), the first sentence of
Section 8.09 of the Credit Agreement shall be amended by (a) deleting the word “and”
before clause (iv) therein and substituting a semi-colon therefor; and (b)
deleting the period at the end thereof and substituting the following therefor:

; and (v) in addition, during the period from August 10, 2006 through
February 8, 2008, the Company may repurchase shares of its common stock for
aggregate consideration not exceeding $120,000,000.

SECTION 2            REPRESENTATIONS AND WARRANTIES.  The Company represents and warrants to the
Administrative Agent and the Banks on the Amendment Effective Date that (a) the
representations and warranties made in Article VI of the Credit Agreement are
true and correct on and as of the Amendment Effective Date with the same effect
as if made on and as of the Amendment Effective Date (except to the extent such
representations and warranties expressly refer to an earlier date, in which
case they were true and correct as of such earlier date); (b) no Event of
Default or Default exists or will result from the execution and delivery of
this Amendment; (c) no event or circumstance has occurred since the Closing
Date that has resulted, or would reasonably be expected to result, in a
Material Adverse Effect; (d) the execution and delivery by the Company of this
Amendment and the performance by the Company of its obligations under the
Credit Agreement as amended hereby (as so amended, the “Amended Agreement”)
(i) are within the corporate powers of the Company, (ii) have been duly
authorized by all necessary corporate action on the part of the Company, (iii)
have received all necessary governmental approval and (iv) do not and will not
(x) contravene the terms of the Organization Documents
of the Company, (y) conflict with or result in
any breach or contravention of, or the creation of any Lien under, any document
evidencing any material Contractual Obligation to which the Company or any of
its Subsidiaries is a party or any order, 

 

injunction, writ or
decree of any Governmental Authority to which the Company or any of its
Subsidiaries or its property is subject or (z) violate any Requirement of Law
applicable to the Company or any of its Subsidiaries; and
(e) the Amended Agreement is the legal, valid and binding obligation of the
Company, enforceable against the Company in accordance with its terms, except
as enforceability may be limited by applicable bankruptcy, insolvency or
similar laws affecting the enforcement of creditors’ rights generally or by
equitable principles relating to enforceability.

SECTION 3            EFFECTIVENESS.  The amendments set forth in Section 1
above shall become effective on the date (the “Amendment Effective Date”)
when the Administrative Agent shall have received, a counterpart of this
Amendment executed by the Company and the Required Banks.

SECTION 4            MISCELLANEOUS.

4.1           Continuing Effectiveness, etc.  As herein amended, the Credit Agreement shall
remain in full force and effect and is hereby ratified and confirmed in all
respects.  After the Amendment Effective
Date, all references in the Credit Agreement, each other Loan Document and any
related document to the “Credit Agreement” or similar terms shall refer to the Amended
Agreement.

4.2           Counterparts.  This Amendment may be executed in any number
of counterparts and by the different parties on separate counterparts, and each
such counterpart shall be deemed to be an original but all such counterparts
shall together constitute one and the same Amendment.

4.3           Expenses.  The Company agrees to pay the reasonable
costs and expenses of the Administrative Agent (including Attorney Costs) in
connection with the preparation, execution and delivery of this Amendment.

4.4           Governing Law.  This Amendment shall be a contract made under
and governed by the internal laws of the State of Illinois.

4.5           Successors and Assigns.  This Amendment shall be binding upon the
Company, the Banks and the Administrative Agent and their respective successors
and assigns, and shall inure to the benefit of 
the Company, the Banks and the Administrative Agent and the successors
and assigns of the Banks and the Administrative Agent.

[Signature Pages Follow]

 2

 

IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be executed by their respective
officers thereunto duly authorized as of the day and year first above written.

	
  

  	
   

  	
  BRIGGS & STRATTON CORPORATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ CARITA R. TWINEM

  
	
   

  	
   

  	
  Name: 

  	
  Carita R. Twinem

  
	
   

  	
   

  	
  Title:

  	
  Treasurer

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  BANK OF AMERICA, N.A., as
  Administrative 

  Agent and a Bank

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ JEFFREY A. ARMITAGE

  
	
   

  	
   

  	
  Name: 

  	
  Jeffrey A. Armitage

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  LASALLE BANK NATIONAL ASSOCIATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ JON R. HUITINK

  
	
   

  	
   

  	
  Name: 

  	
  Jon R. Huitink

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  U.S. BANK NATIONAL ASSOCIATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ CAROLINE V. KRIDER

  
	
   

  	
   

  	
  Name: 

  	
  Caroline V. Krider

  
	
   

  	
   

  	
  Title:

  	
  Vice President and Senior Lender

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  M&I MARSHALL & ILSLEY BANK

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ RONALD J. CAREY

  
	
   

  	
   

  	
  Name: 

  	
  Ronald J. Carey

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ JAMES R. MILLER

  
	
   

  	
   

  	
  Name: 

  	
  James R. Miller

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
							

 

 

 

	
  

  	
   

  	
  ASSOCIATED BANK NA

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ JOSEPH J. GEHRKE

  
	
   

  	
   

  	
  Name: 

  	
  Joseph J. Gehrke

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  THE BANK OF NEW YORK

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ LOUIS D. SERIO

  
	
   

  	
   

  	
  Name: 

  	
  Louis D. Serio

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  BNP PARIBAS

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ CHRIS GRUMBOSKI

  
	
   

  	
   

  	
  Name: 

  	
  Chris Grumboski

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ TOMASZ RYDEL

  
	
   

  	
   

  	
  Name: 

  	
  Tomasz Rydel

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  
							

 

 

 

	
  

  	
   

  	
  JPMORGAN CHASE BANK, N.A.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ MIKE KELLY

  
	
   

  	
   

  	
  Name:

  	
  Mike Kelly

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
						

 

 

 

	
  

  	
   

  	
  NATIONAL CITY BANK OF THE MIDWEST

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ JON R. HINARD

  
	
   

  	
   

  	
  Name:

  	
  Jon R. Hinard

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President

  
						

 

 

 

	
  

  	
   

  	
  HARRIS N.A.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ THAD RASCHE

  
	
   

  	
   

  	
  Name:

  	
  Thad Rasche

  
	
   

  	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

 

	
  

  	
   

  	
  FIFTH THIRD BANK

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ DAVID MELIN

  
	
   

  	
   

  	
  Name:

  	
  David Melin

  
	
   

  	
   

  	
  Title:

  	
  Vice President

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