Document:

Exhibit 10(i)a

                                                               February 16, 2000

Ray Singleton, President
Basic Earth Science Systems, Inc.
8547 E. Arapahoe Road, #J464
Greenwood Village, CO
80112-1436

Re: Loan Agreement between Basic Earth Science Systems, Inc. and
    Norwest Bank Colorado, National Association

Dear Mr. Singleton:

Norwest Bank Colorado, National Association is pleased to continue the existing
revolving loan facility to Basic Earth Science Systems, Inc. on the following
terms and conditions. The loan facility is presently evidenced by the Borrower's
Promissory Note dated August 1, 1994 in the original face amount of $500,000, as
the same has been amended, increased and extended from time to time (the
"Note").

1. TERMS
--------

Borrower
--------

Basic Earth Science Systems, Inc., a Delaware corporation ("Borrower").

Norwest
-------

Norwest Bank Colorado, National Association ("Norwest").

Prior Agreements
----------------

All prior credit agreements between Borrower and Norwest are hereby superseded
by the terms of this Agreement.

Commitment Amount
-----------------

Not to exceed the lesser of the Borrowing Base Amount or $1,000,000. The
revolving loan shall continue to be evidenced by Borrower's Note, all
modifications and extensions to that promissory note and that
Modification/Extension Agreement of even date herewith extending the maturity
date of the promissory note to December 31, 2001. Norwest's obligation to make
advances is limited to the Borrowing Base Amount. Although the Note face amount
is $2,500,000, it is expressly understood that Norwest's obligation to lend is
limited to the approved Borrowing Base Amount which is, and may continue to be,
less than $2,500,000.

<PAGE>

Fees
----

Borrower shall pay Norwest an annual collateral evaluation fee of $1,500 on
August 1 of each year.

In addition, Borrower shall pay Norwest a facility fee for the period commencing
on the date hereof and continuing until the last to occur of the Maturity Date
or the date on which the loan made hereunder is paid in full, equal to one-half

<PAGE>

percent (1/2%) of the daily average of the difference between the Borrowing Base
Amount and the principal balance of the loan, payable quarterly, in arrears,
commencing March 31, 2000 until the loan is paid in full or the Maturity Date,
whichever is the last to occur.

Security
--------

The Note will continue to be secured by a first priority Mortgage, Deed of
Trust, Assignment of Production, Security Agreement and Financing Statement, and
any necessary modifications or amendments thereto, on oil and gas properties
owned by Borrower and selected by Norwest. Reasonable legal fees, recording and
filing fees (including any mortgage tax) will be paid by Borrower.

The Borrower and Norwest agree that all obligations and liabilities of Borrower
to Norwest, or any of its affiliates, under the terms of any contracts or
agreements between them for the purchase, sale or hedging of commodities,
including oil or gas, or trading positions therein will be secured by the
mortgages and other collateral security documents executed by Borrower in favor
of Norwest.

Repayment Structure
-------------------

The outstanding principal balance of the loan will be repaid by Borrower to
Norwest as needed to maintain compliance with the Borrowing Base Amount. At no
time shall the principal balance of the loan exceed the Commitment Amount or
Borrowing Base Amount. Interest shall accrue at the fluctuating prime rate
announced by Norwest from time to time, plus two percent (2%) per annum). All
principal and accrued interest shall be paid in full no later than December 31,
2001.

Loan Structure
--------------

Advances of loan proceeds may be available on a revolving basis and Borrower may
borrow, repay and reborrow so long as the outstanding amount of the loan does
not exceed the Commitment Amount.

Borrowing Base Amount Determination
-----------------------------------

Effective as of the date hereof the Borrowing Base Amount shall be $501,000. The
Borrowing Base Amount shall reduce by the amount of $20,000 on the last day of
each calender month.

The Borrowing Base Amount means the maximum amount that may be outstanding under
the terms hereof at any time prior to the Maturity Date, as determined by
Norwest in the exercise of its sole and absolute discretion based upon, among
other things, a determination by Norwest of the value of the oil and gas
reserves and/or other assets of Borrower pledged to Norwest as security.

Norwest will perform semi-annual reviews of the Borrowing Base Amount on January
1 and July 1 of each year, commencing July 1, 2000. In addition, Norwest, at its
sole discretion, may redetermine the Borrowing Base Amount one additional time
per year in addition to the semi-annual Borrowing Base Amount determinations. If
any determination results in the Borrowing Base Amount being changed, Norwest
shall promptly notify Borrower; if any determination results in no change being
made in the Borrowing Base Amount, no notification shall be made.

<PAGE>

If at any time the Borrowing Base Amount is less than the amount outstanding
under the Note, the Borrower shall, within ten (10) days after receipt of
written notice from Norwest (the "Notice Date") make a principal reduction on
the Note in the amount outstanding sufficient to repay the excess. The unpaid
amount of the Note shall no longer exceed the Borrowing Base Amount on or before
ten (10) days after the Notice Date.

Purpose
-------

Loan proceeds may be used only to finance working capital requirements, drilling
and completion costs, property acquisitions and to fund letters of credit issued
on behalf of Borrower provided such letters of credit are for a purpose, and are
in form and substance, satisfactory to Norwest. The issuance of a letter of
credit hereunder shall be deemed to be an advance under the loan, subject to the
Borrowing Base, whether or not the letter of credit is drawn upon. Interest will
accrue on any funded portion of a letter of credit at the interest rate of the
Note commencing at such time as the letter of credit is funded. No letters of
credit may be issued hereunder which have an expiry date beyond the Maturity
Date. If, in Norwest's sole discretion, letters of credit are issued with an
expiry beyond the Maturity Date, the amount of the letter of credit shall be
fully cash secured. The issuance of any letter of credit hereunder shall be in
accordance with Norwest's then current policies and procedures and be subject to
Norwest's then current fees.

Maturity Date
-------------

The Maturity Date is the earlier of (1) December 31, 2001 or (ii) the date to
which the maturity of the Note is accelerated.

II. CONDITIONS PRECEDENT
------------------------

The provisions of this letter will serve as the terms of the borrowing
arrangements and will be referred to herein as the Agreement. The Borrower will
execute and deliver to Norwest, in form and substance satisfactory to Norwest,
the Note Modification/Extension Agreement, this Agreement, and any collateral
security documents required by Norwest as well as any other documentation
reasonably requested by Norwest.

III. COVENANTS
--------------

Unless Norwest shall otherwise consent in writing, and so long as any debt
remains outstanding, the Borrower will comply with the following:

1. Borrower will

               (a)  submit annual audited, consolidated financial statements
                    within 90 days after each fiscal year-end with Borrower's
                    budget projections for the following year,
               (b)  submit quarterly company-prepared, consolidated financial
                    statements with verification of Borrower's compliance with
                    this Agreement within 45 days after each quarter-end,
               (c)  maintain at all times, a minimum consolidated tangible net
                    worth (determined in accordance with generally accepted
                    accounting principles) of not less than $750,000,

<PAGE>

               (d)  maintain at all times, the ratio of consolidated current
                    assets (including any borrowing availability hereunder) to
                    consolidated current liabilities (excluding the current
                    portion of the debt described herein) of not less than
                    1.0:1.0,
               (e)  promptly pay any costs incurred by Norwest for the
                    preparation or enforcement of this Agreement, the Note and
                    any collateral security documents executed by Borrower,
               (f)  provide, within 45 days after each calendar quarter-end,
                    lease operating statements reflecting actual production
                    volumes, revenues, lease operating expenses, production
                    taxes and product prices of producing oil and gas properties
                    owned by the Borrower and included in the Borrowing Base
                    Amount in form and content acceptable to Norwest,
               (g)  provide, on or before each May 31, an independent
                    engineering reserve report covering the Borrower's Borrowing
                    Base oil and gas properties as of March 31, prepared by an
                    independent petroleum engineer acceptable to Norwest,
               (h)  promptly provide copies of any and all filings made with the
                    Securities Exchange Commission,
               (i)  provide such other information as may be reasonably
                    requested by Norwest in its sole discretion.

2. Borrower and its subsidiaries will not, without the prior written consent of
the Norwest:

               (a)  make loans or advances to any third party,
               (b)  reorganize or merge with any other entity,
               (c)  change their business,
               (d)  sell, lease, assign, transfer or otherwise dispose of, in
                    any fiscal year, any of their oil or gas properties having,
                    in the aggregate, a net present value of greater than
                    $50,000 as determined by Norwest in its discretion based on,
                    among other things, Borrower's most recent engineering
                    report received by Norwest. The Borrower shall pay all
                    proceeds from any such sale of properties with a value in
                    excess of $50,000 to Norwest for application to the Note,
               (e)  create, incur, assume or suffer to exist any mortgage, deed
                    of trust, pledge, lien, security interest, or other charge
                    or encumbrance of any nature on any of its oil and gas
                    properties excluding liens in favor of Norwest and oil, gas
                    and mineral leases, permits, gas sales and transportation
                    contracts or similar agreements entered into in the ordinary
                    course of business; provided that Borrower shall not be in
                    default under this section for so long as any such lien or
                    encumbrance is released of record within thirty days of the
                    recording thereof and by appropriate proceedings and
                    provides adequate security therefore to Norwest in the event
                    such lien or encumbrance is found to be valid,
               (f)  incur other debt, other than trade payables incurred during
                    the normal course of business.

<PAGE>

IV. EVENTS OF DEFAULT
---------------------

The  occurrence of any of the following  shall  constitute an "Event of Default"
under this Agreement and the Borrower's Note:

1.   Borrower shall fail to pay when due any principal, interest, or other
     amount payable under this Agreement, or the Note, before the expiration of
     10 days after such payment is due.

2.   Any representation or warranty made by Borrower hereunder or in any related
     collateral security or other documents entered into with Norwest shall
     prove to be at any time incorrect in any significant respect.

3.   Borrower shall fail to observe or perform any covenant, obligation,
     agreement, or other provision contained herein or in any other contract or
     instrument executed in connection herewith.

4.   A change occurs in the senior management of Borrower.

5.   Any default or defined Event of Default under any security agreement,
     mortgage, deed of trust, promissory note, or other contract or instrument
     executed by the Borrower pursuant to, or as required by, this Agreement.

6.   Borrower shall fail immediately to pay and discharge any judgment or levy
     of any attachment, execution or other process against any of the assets of
     any of the Borrower, or such judgment shall not be satisfied, within 10
     days after the entry thereof.

7.   Borrower shall: (a) become insolvent, or suffer or consent to or apply for
     the appointment of a receiver, trustee, custodian or liquidator for itself
     or any of its property, or generally fail to pay its debts as they become
     due, or make a general assignment for the benefit of creditors; or (b) file
     a voluntary petition in bankruptcy, or seeking reorganization, in order to
     effect a plan or other arrangement with creditors or any other relief under
     the Bankruptcy Reform Act, Title 11 of the United States Code, as
     recodified from time to time ("Bankruptcy Code"), or as now or hereafter in
     effect, or any involuntary petition or proceeding pursuant to said
     Bankruptcy Code or any other applicable state or federal law relating to
     bankruptcy or reorganization or other relief for debtors is filed or
     commenced against either Borrower; or (c) file any answer admitting the
     jurisdiction of the court and the material allegations of any such
     involuntary petition; or (d) be adjudicated as bankrupt, under said
     Bankruptcy Code or any other state or federal law relating to bankruptcy,
     reorganization, or other relief for debtors.

8.   Norwest, in good faith, considers Norwest's prospect of or right to payment
     or performance under this Agreement or Note to be impaired.

<PAGE>

V. REMEDIES
-----------

If any Event of Default shall occur, any indebtedness of the Borrower under this
Agreement, any other contract or instrument executed in conjunction herewith or
the Note, any term hereof or of the Note to the contrary notwithstanding, shall
at Norwest's option and without notice, become immediately due and payable
without presentment, demand, or protest or notice of dishonor, all of which are
hereby expressly waived by Borrower. In addition, Norwest shall have all rights,
powers and remedies available under this Agreement, the Note or other contracts
or instruments executed in connection herewith, or accorded by law, including
without limitation the right to resort to any or all of the collateral and to
exercise any or all of its rights, powers, or remedies at any time and from time
to time after the occurrence of any Event of Default.

All rights, powers, and remedies of Norwest in connection with this Agreement,
the Note or any other contract or instrument on which the Borrower may at any
time be obligated to Norwest (or any holder thereof) are cumulative and not
exclusive and shall be in addition to any other rights, powers, or remedies
provided by law or equity, including without limitation the right to set off any
liability owing by Norwest to the Borrower (including sums deposited in any
deposit account of Borrower with Norwest) against any liability of the Borrower
to Norwest.

VI. WAIVER
----------

No delay, failure, or discontinuance by Norwest, or any holder of the Note, in
exercising any right, power, or remedy under this Agreement, the Note or any
other contract or instrument on which the Borrower may at any time be obligated
to Norwest (or any holder thereof) shall affect or operate as a waiver of such
right, power or remedy. Any waiver, permit, consent, or approval of any kind by
Norwest (or any holder of the Note), or of any provisions or conditions of any
breach or default under this Agreement, the Note or any other contract or
instrument on which any of the Borrower may at any time be obligated, must be in
writing and shall be effective only to the extent set forth in such writing.

VII. NOTICES
------------

All notices, requests, and demands given to or made upon the respective parties
must be in writing and shall be deemed to have been given or made: (1) at the
time of personal delivery or telecopying thereof, (2) or two days after any of
the same are deposited in the U.S. Mail, first class and postage prepaid,
addressed as follows:

         Borrower:         Basic Earth Science Systems, Inc.
                           Attn.: Ray Singleton, President
                           8547 E. Arapahoe Road, #J464
                           Greenwood Village, CO 80112-1436

         Norwest:          Norwest Bank Colorado, National Association
                           Attn: Don McDonald, Vice President
                           Energy and Minerals, C7301-046
                           1740 Broadway
                           Denver, CO 80274-8699

or other such address as any party may designate by written notice to all other
parties.

<PAGE>

VIII. SUCCESSORS, ASSIGNMENTS
-----------------------------

This Agreement shall be binding on and inure to the benefit of the heirs,
executors, administrators, legal representatives, successors, and assigns of the
parties, provided, however, that this Agreement may not be assigned by the
Borrower without the prior written consent of Norwest. Norwest reserves the
right to sell, assign, transfer, negotiate, or grant participation in all or any
part of, or any interest in, Norwest's rights and benefits under this Agreement,
the Note or any contracts or instruments relating thereto. In connection
therewith, Norwest may disclose all documents and information which Norwest now
has or may hereafter acquire relating to the loan or the Note, the Borrower or
its business, or any collateral required hereunder.

IX. SEVERABILITY OF PROVISIONS
------------------------------

If any of the provisions of this Agreement shall be prohibited by or invalid
under applicable law, such provision shall be ineffective only to the extent of
such prohibition or invalidity without invalidating the remainder of such
provision or any remaining provisions of this Agreement.

X. ARBITRATION
--------------

1. Agreement to Arbitrate: Subject to the provisions of the next paragraph
below, Norwest and Borrower agree to submit to binding arbitration any and all
claims, disputes and controversies between or among them, whether in tort,
contract or otherwise (and their respective employees, officers, directors,
attorneys, and other agents) arising out of or relating in any way to the loan
and related loan documents including without limitation this Agreement and the
Note and their negotiation, execution, collateralization, administration,
repayment, modification, extension, substitution, formation, inducement,
collection, enforcement, default or termination.

Nothing in the preceding paragraph, nor the exercise of any right to arbitrate
thereunder, shall limit the right of any party hereto (1) to foreclose against
any real or personal property collateral by the exercise of the power of sale
under a deed of trust, mortgage, or other security agreement, or instrument, or
applicable able law, (2) to exercise self-help remedies such as setoff or
repossession; or (3) to obtain provisional or ancillary remedies such as
replevin, injunctive relief, attachment, or appointment of a receiver from a
court having jurisdiction, before, during or after the pendency of any
arbitration proceeding. The institution and maintenance of any action for such
judicial relief, or pursuit of provisional or ancillary remedies, or exercise of
self-help remedies shall not constitute a waiver of the right or obligation of
any party to submit any claim or dispute to arbitration, including those claims
or disputes arising from exercise of any such judicial relief, or pursuit of
provisional or ancillary remedies, or exercise of self-help remedies.

2. Selection of Arbitrator(s): If the amount in dispute is $500,000 or more,
arbitration hereunder shall be before a three-person panel of neutral
arbitrators, consisting of one (1) person from each of the following categories:
(1) an attorney who has practiced in the area of commercial law in the State of
Colorado for at least eight (8) years or a retired judge at the district court
or appellate court level from the State of Colorado; (2) a person with at least
eight (8) years experience in commercial lending; and (3) a person with at least
eight (8) years experience in the oil and gas industry. The parties to the
dispute or their representatives shall obtain from the American Arbitration
Association ("AAA") a list of persons meeting the criteria outlined above and
the parties shall select the person in the manner established by the AAA.

If the amount in dispute is less that $500,000, the arbitration shall be
conducted before one arbitrator who shall be an attorney who has practiced in
the area of Commercial law for at least eight (8) years or a retired judge at
the District Court or appellate court level. The parties to the dispute or their
representatives shall obtain from AAA a list of persons meeting the criteria
outlined above and the parties shall select the person in the manner established
by the AAA.

<PAGE>

3. Governing Laws and Rules: Such arbitration shall proceed in the State of
Colorado in the City and County of Denver, shall be governed by Colorado law,
including all applicable statutes of limitation, and shall be conducted in
accordance with the Commercial Arbitration Rules of the American Arbitration
Association. Judgment upon the award rendered by the arbitrator(s) may be
entered in any court having jurisdiction.

4. Discovery: In any arbitration hereunder: (1) the arbitrator(s) shall decide
(by documents only or with a hearing, at the arbitrators' discretion) any
prehearing motions which are substantially similar to prehearing motions to
dismiss for failure to state a claim or motions for summary adjudication; (2)
discovery shall be permitted, but shall be limited as provided in Rule 26.1 (c)
of the Colorado Rules of Civil Procedure, and shall be subject to the scheduling
by the arbitrator(s), and any discovery disputes shall be subject to final
determination by the arbitrator(s); and (3) the arbitrator(s) shall award costs
and expenses of the arbitration proceeding in accordance with provisions of this
Agreement, the Note and/or other collateral security documents.

<PAGE>

XI. COLORADO LAW APPLICABLE

This Agreement, the Note, and any contracts or instruments relating thereto,
shall be governed by and construed in accordance with the laws of the state of
Colorado, except to the extent that Norwest has greater rights or remedies under
federal law or the law of any jurisdiction in which the collateral properties
are located, in which case such choice of Colorado law shall not be deemed to
deprive Norwest of such rights and remedies as may be available under such law.

This Agreement, the Note and any contracts or instruments relating thereto,
represent the entire agreement between the parties, and it is expressly
understood that all prior conversations or memoranda between the parties
regarding the terms of this Agreement shall be superseded by this Agreement. Any
amendment, approval, or waiver by Norwest of the terms of this Agreement, the
Note and any contracts or instruments relating thereto, must be in writing or
confirmed in writing, and shall be effective only to the extent specifically set
forth in such writing. This Agreement, in conjunction with the Note and any
contracts or instruments relating thereto, is in lieu of a formal credit
agreement and shall serve to evidence the terms of the entire agreement between
the parties.

The Borrower hereby ratifies and confirms all of the provisions of all mortgages
and collateral security documents executed and delivered to Norwest by Borrower.

Please acknowledge your acceptance of and agreement to the terms of this
agreement by dating and executing where indicated.

Sincerely,

NORWEST BANK COLORADO, NATIONAL ASSOCIATION

By:  /s/  Don McDonald
     ---------------------------------------------
          Don McDonald, Vice President

AGREED TO AND ACCEPTED EFFECTIVE FEBRUARY 16, 2000

BASIC EARTH SCIENCE SYSTEMS, INC.

By:  /s/  Ray Singleton
     ---------------------------------------------
          Ray Singleton, President

STATE OF COLORADO     )
                      )
COUNTY OF             )

     The foregoing instrument was acknowledged before me this ___ day of , 2000
by Ray Singleton, President of Basic Earth Science Systems, Inc.

Witness my hand and official seal.

SEAL

                                                    ----------------------------
                                                    Notary Public
                                                    My Commission Expires:AMENDMENT NO. 7
                                     TO THE
                          COLUMBUS McKINNON CORPORATION
                          EMPLOYEE STOCK OWNERSHIP PLAN

                  Columbus  McKinnon  Corporation  (the  "Corporation")   hereby
amends the Columbus  McKinnon  Corporation  Employee  Stock  Ownership Plan (the
"Plan"), as amended and restated in its entirety effective April 1, 1989, and as
further  amended by Amendment  Nos. 1-6, in accordance  with Section 11.1 of the
Plan, as follows:

1.       Section 1.6,  entitled "Annual Earnings",  is  amended effective  as of
April 1, 1997 by deleting Section 1.6(b)(3) entitled "Family Aggregation."

2.       Section  1.18,   entitled  "Employer",   is  amended  effective  as  of
September 1, 1999 to read as follows:

         1.18   "Employer"   means  the  Corporation  and  each  Affiliate  that
         participates  in the Plan in accordance with Article XII. Any Affiliate
         that becomes an Employer  shall be listed in Schedule A attached to and
         made a part of this Plan.

3.       Section 1.16, entitled "Eligible Employee," is amended effective  April
1, 2000 by renumbering  "subsection  (b)" to be "subsection (c)" and inserting a
new subsection (b) to read as follows:

                  (b)  Employees  Temporarily  Transferred  Abroad.  An Eligible
         Employee who is transferred to a facility  outside the United States on
         a temporary  basis (for less than five years)  shall  continue to be an
         Eligible  Employee  during  such  period,  provided  that the  Employee
         remains on the payroll of an Employer."

4.       Section  1.24,  entitled  "Highly  Compensated  Employee,"  is  amended
effective April 1, 1997 to read as follows:

         1.24     Highly Compensated Employee.

                  (a)  In General. The term Highly Compensated Employee includes
         highly  compensated  active  Employees  and highly  compensated  former
         Employees.

<PAGE>

                     Columbus McKinnon Corporation Employee Stock Ownership Plan
                                   Page 2 of Amendment No. 7 of 1989 Restatement

                           (1)      Active Employees.     A  highly  compensated
                  active employee means any Employee who:

                                    (A)     was a 5-percent owner (as defined in
                           Section  416(i)(1) of the  Code) of  the  Employer or
                           Affiliate at any time during the current or preceding
                           year, or

                                    (B) for the preceding year had  compensation
                           from the  Employer  and all  Affiliates  in excess of
                           $80,000 (as adjusted by the Secretary of the Treasury
                           pursuant to Section  415(d) of the Code,  except that
                           the base period shall be the calendar  quarter ending
                           September 30, 1996).

                           (2)      Former Employees. A former Employee shall be
                  highly compensated employee if:

                                    (A) the  Employee  was  a Highly Compensated
                           Employee when the Employee separated from service, or

                                    (B) the  Employee  was a Highly  Compensated
                           Employee at any time after attaining age 55.

                  (b)  Meaning of  "Compensation".   For  the  purpose  of  this
         Section 1.24, the term  "compensation"  means  compensation  within the
         meaning  of Section  415(c)(3)  of the Code.  For Plan Years  beginning
         before January 1, 1998, the  determination of  "compensation"  shall be
         made without regard to Sections 125, 402(e)(3), and 402(h)(1)(B) of the
         Code and,  in the case of  employer  contributions  made  pursuant to a
         salary  reduction  agreement,  without  regard to Section 403(b) of the
         Code.

                  (c)  Application of Code and Regulations. The determination of
         who is a Highly Compensated  Employee,  including the determinations of
         the number and identity of Employees  in the top-paid  group,  shall be
         made in accordance  with Section 414(q) of the Code and the regulations
         thereunder.

                  (d)  Effective Date.   Section  1.24  in  the  form  set forth
         hereinabove shall be effective April 1, 1997.

<PAGE>

                     Columbus McKinnon Corporation Employee Stock Ownership Plan
                                   Page 3 of Amendment No. 7 of 1989 Restatement

5.       Section 1.24,  entitled "Highly  Compensated  Employee," is amended  by
adding new  Section  1.24(a)(3)  thereto,  effective  April 1, 1999,  to read as
follows:

                           (3) Calendar Year Data Election.  Effective  April 1,
                  1999,  for  purposes  of  Section   1.24(a)(1)(B),   the  term
                  "preceding  year" shall mean the calendar year  beginning with
                  or within the Plan Year (look-back year) immediately preceding
                  the Plan  Year  (determination  year)  for  which  the  Highly
                  Compensated   Employee   status  of  an   Employee   is  being
                  determined.

6.       Section 1.26, entitled "Leased Employee" is amended  effective April 1,
1997 to read as follows:

         1.26     Leased Employee.

                  (a)  In General. "Leased Employee" means any person who is not
         an  employee  under  common law of any  Employer or  Affiliate  and who
         provides services to an Employer or an Affiliate  ("recipient") if: [1]
         such  services are provided to the  recipient  pursuant to an agreement
         between the  recipient and any other person  ("leasing  organization"),
         [2] such person has  performed  such services for the recipient (or for
         the recipient and related  persons) on a substantially  full-time basis
         for a period of at least one year,  and [3] such services are performed
         under the primary direction or control of the Employer.

                  (b)  Treatment of Leased Employees. Once an individual becomes
         a Leased  Employee,  the  individual  shall be taken  into  account  in
         determining  whether the Plan  satisfies the coverage  requirements  of
         Section 410(b) of the Code,  and service as a Leased  Employee shall be
         counted as service  for  purposes of  eligibility  to  participate  and
         vesting,  but Leased  Employees shall not be eligible to participate in
         the Plan.

7.       Section 1.29, entitled  "Normal Retirement Age", is  amended  effective
April 1, 1999 to read as follows:

         1.29  "Normal  Retirement  Age"  means  the day on which a  Participant
         attains age 65 or, if later,  the earlier of the 5th anniversary of the
         day on which the Participant commenced participation in the Plan or the
         5th  anniversary  of  the  day  on  which  the  Participant   commenced
         participation in the Columbus McKinnon  Corporation  Monthly Retirement
         Benefit Plan.

<PAGE>

                     Columbus McKinnon Corporation Employee Stock Ownership Plan
                                   Page 4 of Amendment No. 7 of 1989 Restatement

8.       Section 1.36, entitled "Thrift Plan",  has been amended effective April
1, 1989 to read as follows:

         1.36  "Thrift  Plan" means the  Columbus  McKinnon  Corporation  Thrift
         401(k) Plan  effective  as of August 1, 1984,  as amended  from time to
         time.

9.       Section  3.4,   entitled  "Allocation  of  Contributions",  is  amended
effective April 1, 1998 by changing subsection (a) thereof to read as follows:

                  (a)  Persons   Entitled  to  Share  in   Contributions.   Each
         Participant  [1] who is an  Eligible  Employee on the  Allocation  Date
         within a Plan Year and who has earned at least  1,000  Hours of Service
         in the calendar year ending on the Allocation  Date, or [2] who dies or
         terminates  employment  on or after  April 1,  1998  during a Plan Year
         after  attaining  age 55 and  completing at least five Years of Vesting
         service (provided the Participant was an Eligible Employee  immediately
         prior to such death or termination of employment), shall be entitled to
         share in the Contributions made for such Plan Year.

10.      Section 7.1,  entitled  "Time of Distribution",  is  amended  effective
April 1, 1998 by changing Section 7.1(d)(1) to read as follows:

                           (1)  Requirement  of  Participant's  Consent.  If the
                  aggregate  value of a  Participant's  Account  Balance exceeds
                  $5,000  (or  exceeded  $5,000  at the  time  of  any  previous
                  distribution),  no distribution  to the  Participant  shall be
                  made before the  Participant  attains  Normal  Retirement  Age
                  unless  the  Participant  is given  the  notice  described  in
                  Section  7.1(d)(1)(A)  and  consents  in  writing  to  earlier
                  payment.  Such notice and consent shall not be required  after
                  the death of the Participant.

11.      Section 7.1,  entitled  "Time of Distribution",  is  amended  effective
April 1, 1998 by changing Section 7.1(e) to read as follows:

                  (e)  Participant  May Defer  Distribution.  A Participant  who
         ceases to be an Employee after attaining his Normal  Retirement Age, or
         after attaining age 55 if he has earned 5 Years of Vesting Service, may
         elect to defer  distribution  of his Account Balance until a designated
         Valuation  Date  that is not  later  than  the  April 1  following  the
         calendar year in which he will attain age 69 1/2.  Such election  shall
         be made by notice filed with the Committee and shall be irrevocable.

<PAGE>

                     Columbus McKinnon Corporation Employee Stock Ownership Plan
                                   Page 5 of Amendment No. 7 of 1989 Restatement

12.      Section 7.9,  entitled  "Required  Minimum  Distributions"  is  amended
effective April 1, 1997 to read as follows:

         7.9      Required Minimum Distributions.

                  (a)  General  Rule.  Payment of a Participant's  benefit shall
         commence  no later  than April 1 of the  calendar  year  following  the
         calendar  year in which the  Participant  attains age 70-1/2.  Benefits
         payable  during any calendar year  following the calendar year in which
         the Participant  attains age 70-1/2 and before actual  retirement shall
         be  recomputed  as of the first day of such  calendar year and shall be
         increased (but not decreased) to reflect any additional year of Benefit
         Service completed during the immediately preceding calendar year.

                  (b)  Election  To  Defer  Benefits.   Notwithstanding  Section
         7.9(a), a Participant who is not a "5-Percent  Owner" and who continues
         to be an  Employee  after  attaining  age 70-1/2 may elect to defer the
         commencement  of benefits  until the he ceases to be an  Employee.  The
         election shall be made at the time and in the manner  determined by the
         Committee.   The  benefit  payable  to  the  Participant   upon  actual
         retirement  shall be determined  under Section 7.9(a).  For purposes of
         this  Section  7.9, a  Participant  is a  "5-percent  owner" if he is a
         5-percent owner of the Corporation or any Affiliate  within the meaning
         of Code Section 416(i) at any time during the Plan Year ending with the
         calendar  year in which he attains  age 66-1/2 or any  subsequent  Plan
         Year.

                  (c)  Required  Distributions.    Notwithstanding   any   other
         provision in this Plan, all distributions  under the Plan shall be made
         in  accordance  with  Code  Section  401(a)(9)   (concerning   required
         distributions)   and  the  Treasury   Regulations   issued  thereunder,
         including the minimum distribution incidental  benefit requirements set
         forth in Proposed  Treasury  Regulation  Section  1.401(a)(9)-2 (or any
         successor   section).   Code  Section  401(a)(9)  and  the  regulations
         thereunder shall supersede any distribution  option or benefit deferral
         provision under the Plan that is inconsistent therewith.

<PAGE>

                     Columbus McKinnon Corporation Employee Stock Ownership Plan
                                   Page 6 of Amendment No. 7 of 1989 Restatement

                  (d)  Effective Date.    Section  7.9,  in  the  form set forth
         hereinabove,  shall be effective for Plan  Years beginning on and after
         April 1, 1997.

13.      Section 13.1, entitled "Summary", is amended effective April 1, 1998 to
read as follows:

         13.1 Summary. The total contributions  allocated to the Accounts of any
         Participant  for a Limitation  Year with respect to the Corporation and
         all Affiliates may not exceed the lesser of $30,000 (as adjusted) or 25
         percent  of  the  Participant's   Section  415  Compensation.   If  the
         Participant receives  contributions and/or benefits under more than one
         qualified  plan of the  Corporation  (and  all  Affiliates),  all  such
         contributions  and benefits must be taken into account in applying this
         limitation.  The rules applying this limitation are set forth in detail
         in the  subsequent  sections  of this  ARTICLE  13 and  these  sections
         override any inconsistent provision in this Section 13.1.

14.      Section 13.2,  entitled  "Definitions and Rules of Interpretation",  is
amended effective April 1, 1998 by changing subsection (f) to read as follows:

                  (f)  "Maximum Dollar Amount"  means for  any Limitation  Year,
         $30,000, as may be increased pursuant to Section 415(d) of the Code.

15.      Section 13.2,  entitled  "Definitions and Rules of Interpretation",  is
amended effective April 1, 1998 by changing subsection (h) to read as follows:

                  (h)  "Section  415  Compensation"  means,  with  respect  to a
         Limitation  Year,  "participant's  compensation"  as defined under Code
         Section 415(c)(3) and the Treasury  Regulations  thereunder.  Effective
         January  1, 1998,  Section  415  Compensation  shall  include  elective
         deferrals (as defined in Code Section  402(g)(3)) and salary  reduction
         contributions  under a  cafeteria  plan that are  excluded  from  gross
         income  under Code Section 125.  Effective  April 1, 1994,  Section 415
         Compensation   shall  be  limited  to   $150,000   (subject  to  annual
         adjustment) in accordance with Code Section 401(a)(17).

<PAGE>

                     Columbus McKinnon Corporation Employee Stock Ownership Plan
                                   Page 7 of Amendment No. 7 of 1989 Restatement

16.      Section 13.4,  entitled "Participation in a  Defined benefit Plan",  is
amended effective April 1, 2000 by adding new subsection  (f) thereto to read as
follows:

                  (f)  Section  Ineffective  After 1999  Limitation  Year.  This
         Section  13.4  shall  become  ineffective  on and after  April 1, 2000.
         Accordingly,  allocations  made  under the Plan on and after  that date
         shall not be limited on account  of a  Participant  accruing  or having
         accrued a benefit under a defined  benefit plan of the  Corporation  or
         any Affiliate.  Allocations  made under the Plan before that date shall
         not be adjusted on account of this Section 13.4(f).

17. New Section 15.9,  entitled  "Uniformed Services Employment and Reemployment
Rights  Act",  is added  to the  Plan  effective  December  12,  1994 to read as
follows:

         15.9  Uniformed  Services   Employment  and  Reemployment  Rights  Act.
         Notwithstanding   any   provision   in  the   Plan  to  the   contrary,
         contributions,  credit and benefits with respect to qualified  military
         service will be provided in accordance with Section 414(u) of the Code.
         This Section is effective December 12, 1994.

18.      New  Schedule A,  entitled  "Employers  Participating in the Plan",  is
added to the Plan effective as of September 1, 1999 to read as follows:

                                   Schedule A

                 Participating Employers and Eligible Employees

            Reflecting Amendment of the Plan through November 1, 1999

1.       Columbus McKinnon Corporation (April 1, 1987)
         Columbus McKinnon Corporation  established the Plan as a profit sharing
         plan covering certain salaried  employees  effective April 1, 1987. The
         Plan was restated as an ESOP effective November 1, 1988.

<PAGE>

                     Columbus McKinnon Corporation Employee Stock Ownership Plan
                                   Page 8 of Amendment No. 7 of 1989 Restatement

         o        The Plan was  again  restated  effective  April 1, 1989 and at
                  that time the Plan covered nonunion salaried employees, office
                  employees and nonunion factory  employees at Columbus McKinnon
                  Corporation's Tonawanda facility.

         o        The Plan was  amended  effective  October  1,  1994 to  extend
                  coverage to all other  nonunion  hourly  employees of Columbus
                  McKinnon Corporation.

         o        The Plan was amended  effective  February  24, 1995 to exclude
                  salaried  employees of the Positech and Durbin Durco Divisions
                  of Columbus McKinnon Corporation. These division had been non-
                  participating   subsidiary   corporations  which  merged  into
                  Columbus McKinnon on that date.

         o        The  Plan  was  amended  effective  April  1,  1998 to  extend
                  coverage  to  all  nonunion  employees  of  Columbus  McKinnon
                  Corporation  who are  regularly  employed at a facility in the
                  United States.

2.       Lift-Tech International, Inc. (April 1, 1996)
         Columbus McKinnon  Corporation acquired Lift-tech  International,  Inc.
         (Lift-  Tech) on November 1, 1995 and merged  Lift-Tech  into  Columbus
         McKinnon  Corporation on March 1, 1997. Nonunion employees of Lift-Tech
         who meet the age and  service  requirements  under the Plan and satisfy
         the definition of "Eligible Employee" are eligible to enter the Plan on
         or after April 1, 1996 in accordance with Section 2.1 of the Plan. Such
         Employees are granted Eligibility Service and Vesting Service under the
         Plan for service with Lift- Tech International, Inc. and its affiliates
         prior to November 1, 1995.

3.       Yale Industrial Products, Inc. (April 1, 1998)
         Columbus McKinnon Corporation acquired Spreckels  Industries,  Inc. and
         its  subsidiaries  on  January  3,  1997.  Effective  March  31,  1997,
         Spreckels was merged into its subsidiary,  Duff-Norton  Company,  Inc.,
         and the  subsidiary  was  renamed  "Yale  Industrial  Products,  Inc.".
         Nonunion employees of Yale Industrial  Products,  Inc. who meet the age
         and service  requirements  under the Plan and satisfy the definition of
         "Eligible Employee" are eligible to enter the Plan on or after April 1,
         1998 in accordance with Section 2.1 of the Plan.

         Employees  of  Yale  Industrial  Products,  Inc.  who  may be  Eligible
         Employees  include all nonunion  Employees.  Such Employees are granted
         Eligibility Service and Vesting Service under the Plan for service with
         Duff-Norton Company, Inc. and its affiliates prior to January 3, 1997.

<PAGE>

                     Columbus McKinnon Corporation Employee Stock Ownership Plan
                                   Page 9 of Amendment No. 7 of 1989 Restatement

4.       Automatic Systems, Inc.  (April 1, 1999)
         Columbus McKinnon Corporation acquired LICO, Inc. and its subsidiaries,
         including Automatic Systems,  Inc., on March 31, 1998. Persons employed
         as nonunion Employees by Automatic Systems,  Inc. on September 1, 1999,
         who meet the age and  service  requirements  under the Plan and satisfy
         the  definition  of  "Eligible  Employee" on or after April 1, 1999 are
         eligible to enter the Plan on or after April 1, 1999 in accordance with
         Section 2.1 of the Plan.

         Employees of  Automatic  Systems,  Inc.  who may be Eligible  Employees
         include all nonunion Employees.  Such Employees are granted Eligibility
         Service and Vesting  Service under the Plan for service with  Automatic
         Systems, Inc. and its affiliates prior to March 31, 1998.

5.       Washington  Equipment  Company  (January  1,  2000)
         Columbus McKinnon  Corporation acquired Washington Equipment Company on
         April 29, 1999.  Persons  employed as nonunion  employees by Washington
         Equipment  Company on January  1,  2000,  who meet the age and  service
         requirements  under the Plan and satisfy the  definition  of  "Eligible
         Employee"  shall be eligible  to enter the Plan on or after  January 1,
         2000 in accordance with Section 2.1 of the Plan.

         Employees of Washington Equipment Company who may be Eligible Employees
         include all nonunion Employees.  Such Employees are granted Eligibility
         Service and Vesting  Service under the Plan for service with Washington
         Equipment Company and its affiliates prior to April 29, 1999.

5.       Gaffey, Inc.  (January 1, 2000)
         Gaffey, Inc. was a wholly-owned  subsidiary of GL International Inc. GL
         International  Inc. was merged into a subsidiary  of Columbus  McKinnon
         Corporation on March 1, 1999 with the result that Gaffey, Inc. became a
         subsidiary  of  Columbus  McKinnon  Corporation  on that date.  Persons
         employed as nonunion Employees by Gaffey,  Inc. on January 1, 2000, who
         meet the age and  service  requirements  under the Plan and satisfy the
         definition of "Eligible  Employee" are eligible to enter the Plan on or
         after January 1, 2000 in accordance with Section 2.1 of the Plan.

<PAGE>

                     Columbus McKinnon Corporation Employee Stock Ownership Plan
                                  Page 10 of Amendment No. 7 of 1989 Restatement

         Employees  of Gaffey,  Inc. who may be Eligible  Employees  include all
         nonunion Employees.  Such Employees are granted Eligibility Service and
         Vesting  Service  under the Plan for service with Gaffey,  Inc. and its
         affiliates prior to March 1, 1999.

6.       Handling Systems and Conveyors, Inc.  (January 1, 2000)
         Handling   Systems  and  Conveyors,   Inc.  (HSC)  was  a  wholly-owned
         subsidiary of GL International  Inc. GL  International  Inc. was merged
         into a subsidiary  of Columbus  McKinnon  Corporation  on March 1, 1999
         with the  result  that HSC became a  subsidiary  of  Columbus  McKinnon
         Corporation on that date. Persons employed as nonunion Employees of HSC
         on January 1, 2000, who meet the age and service requirements under the
         Plan and satisfy the definition of "Eligible  Employee" are eligible to
         enter the Plan on or after January 1, 2000 in  accordance  with Section
         2.1 of the Plan.

         Employees of this corporation who may be Eligible Employees include all
         nonunion employees.  Such employees are granted Eligibility Service and
         Vesting  Service under the Plan for service with HSC and its affiliates
         prior to March 1, 1999.

                  IN WITNESS  WHEREOF,  this  instrument  of amendment  has been
executed by a duly authorized  officer of the Corporation this 30th day of April
2000.

                                                COLUMBUS McKINNON CORPORATION

ATTEST: /s/ Lois H. Demler                      By:    /s/ R.L. Montgomery
        ------------------                             -------------------

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

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