Document:

<PAGE>

                                                                    Exhibit 4.2

THIS AMENDMENT AGREEMENT is made the 18 January 2002
BETWEEN

(1)    APW ELECTRONICS GROUP PLC (formerly Vero Group PLC)

(2)    APW ELECTRONICS OVERSEAS INVESTMENTS LIMITED (formerly Vero Electronics
       Overseas Investments Limited)

(3)    APW ELECTRONICS LIMITED (formerly Vero Electronics Limited)

(4)    APW ENCLOSURES AB (formerly Vero Enclosures AB)

(5)    APW ELECTRONICS GmbH (formerly Vero Electronics GmbH)

(6)    VERO ELECTRONICS Inc.

(7)    APW ENCLOSURES S.A. (formerly Vero Electronics S.A.) and

(8)    APW ELECTRONICS S.r. L (formerly Vero Electronics S.R.L.) (each a "RBS
       Borrower" and together the "RBS Borrowers");

(9)    THE ROYAL BANK OF SCOTLAND plc ("RBS")

(10)   APW ENCLOSURES PRODUCTS & SYSTEMS LIMITED and each of its subsidiaries
       set out in Schedule 1 (each a "NatWest Borrower", together the "NatWest
       Borrowers" and, together with the RBS Borrowers the "Borrowers"); and

(11)   NATIONAL WESTMINSTER BANK PLC ("NatWest").

WHEREAS

(A)    RBS and the RBS Borrowers entered into a (pound)27,500,000 revolving
       credit facility dated 24 October 1995 (as subsequently amended by two
       amendment agreements dated 15 May 1998 and 22 May 1998 respectively) (the
       "RBS Facility Agreement"). The RBS Facility Agreement was subsequently
       amended and restated under an amendment agreement dated 15 May 2001 and
       as further amended by amendment agreements dated 27 September 2001 and 13
       December 2001.

(B)    NatWest and the NatWest Borrowers entered into a (pound)27,000,000
       multi-line facility dated 20 April 2000 (the "NatWest Facility
       Agreement"). The NatWest Facility Agreement was subsequently amended and
       restated under an amendment agreement dated 15 May 2001 and was further
       amended by amendment agreements dated 27 September 2001 and 13 December
       2001.

(C)    On 31 July 2000, APW Ltd., APW North America, Inc., APW Holdings
       (Denmark) APS, certain financial institutions, Bank One, N.A., as
       syndication agent, The Chase Manhattan Bank as documentation agent and
       Bank of America, National Association as administrative agent (the "US
       Agent") entered into a multicurrency agreement (as subsequently amended
       and restated on 15 May 2001, 27 September 2001 and 13 December 2001) (the
       "Multicurrency Agreement").

(D)    RBS, NatWest, the US Agent and others entered into an intercreditor
       agreement dated 15/th/ May 2001 (as subsequently amended and restated on
       27 September 2001) regulating,

                                       1

<PAGE>

       inter alia, the application of recoveries under the RBS Facility
       Agreement, the NatWest Facility Agreement and the Multicurrency
       Agreement (the "Intercreditor Agreement").

(E)    The Lenders under the Multicurrency Agreement have agreed to defer
       interest payments under the Multicurrency Agreement on the condition that
       a similar deferral occurs under both the RBS Facility Agreement and the
       NatWest Facility Agreement.

(F)    The parties wish to enter into this Agreement to record the basis on
       which the RBS Facility Agreement and the NatWest Facility Agreement are
       being amended.

IT IS AGREED as follows:

1      DEFINITIONS AND INTERPRETATION

       In this Agreement, except where the context otherwise requires, words and
       expressions defined and references construed in the RBS Facility
       Agreement or the NatWest Facility Agreement (but not defined or construed
       in this Agreement) shall have the same meaning herein.

2      DEFERRAL OF INTEREST PAYMENTS

2.1    With effect from the date hereof, subject only to Clause 3, it is agreed
       that the terms of both the NatWest Facility Agreement and the RBS
       Facility Agreement shall be amended, so that notwithstanding any
       provision to the contrary contained in either Agreement, no interest
       payment or payment in respect of commission due under the terms of either
       the NatWest Facility Agreement, or the RBS Facility Agreement shall be
       payable until the earlier date (the "Deferral Date") of:

       (i)     February 15, 2002; or

       (ii)    the first date three business days following the receipt by
               APW Limited of the proceeds of the sale of the Specified
               Business Unit (as defined in the Multicurrency Agreement); or

       (iii)   the first date after the date of this Agreement on which the
               lenders under the Multicurrency Agreement receive any payment
               in respect of interest under the Multicurrency Agreement.

2.2    This consent shall be limited to its terms and shall not constitute a
       waiver of any other rights that RBS or NatWest may have from time to
       time, including the right, upon the occurrence of an Event of Default
       (other than the failure to pay such interest or commission on the due
       date for payment which would have applied, but for Clause 2.1 of the
       Agreement), to accelerate the maturity of all loans and all payments
       under the RBS Facility Agreement and/or the NatWest Facility Agreement,
       including said interest and commission payments, with respect thereto.

3      AMENDMENT TO RBS FACILITY AGREEMENT

3.1    The definition of "Facility Amount" shall be amended to read as follows:

       "Facility Amount" means (pound)31,191,000, as the same may be adjusted
       from time to time pursuant to the terms of this Agreement."

3.2    Clause 2.2 of the RBS Facility Agreement shall be amended, so as to read
       as follows:

       "2.2 Facility Limit and Options

                                       2

<PAGE>

        2.2.1 The Bank grants to the Borrowers upon and subject to the terms of
        this Agreement, a facility of (pound)27,500,000 whereby the Bank will:

              (a)    make available an Overdraft in Sterling;

              (b)    make Advances in Sterling or any Optional Currency;

              (c)    accept Sterling Bills drawn by any Borrowers; and

              (d)    issue Bonds in Sterling or any Optional Currency.

        2.2.2 The Bank grants to the Borrowers upon and subject to the terms of
        this Agreement, an additional facility of (pound)3,691,000 (the
        "Additional Bond Facility") whereby the Bank will issue Bonds in
        Sterling.

3.3     All other terms of the RBS Facility Agreement remain unchanged.

3.4     The parties agree to be bound by the RBS Facility Agreement and the
        NatWest Facility Agreement, each as amended.

4       CONDITIONS PRECEDENT TO THIS AMENDMENT AND RESTATEMENT AGREEMENT

4.1     This Agreement shall become effective once (a) RBS, for itself and on
        behalf of NatWest, has received an executed copy of this Agreement duly
        executed by all of the parties thereto; (b) each of the guarantors of
        the RBS Facility and the NatWest Facility have consented hereto by
        executing an agreement and consent in the form agreed between RBS,
        NatWest and the US Agent, and (c) all outstanding invoices submitted by
        RBS and NatWest in respect of legal fees relating to the RBS Facility
        and the NatWest Facility have been paid in full.

4.2     It shall be a condition precedent to the making of any drawdown request
        under the Additional Bond Facility made available pursuant to Clause
        3.2 of this Agreement that RBS shall have received in a form and
        substance satisfactory to it, a copy, certified as true and up to date
        copy by the Secretary of each UK Obligor, of a resolution of the board
        of directors of such UK Obligor approving the execution and delivery of
        this Agreement and the performance of its obligations hereunder and
        authorising a person or persons (specified by name) on behalf of each
        UK Obligor to sign and deliver this Agreement and any other documents
        to be delivered by it pursuant thereto.

5       GENERAL

5.1     The Borrowers hereby undertake that the Representations and Warranties
        set out in Clause 12 of the RBS Facility Agreement are true and accurate
        as of the date of this Agreement.

5.2     All other terms and conditions of the NatWest Facility Agreement and the
        RBS Facility Agreement remain unchanged.

5.3     A person who is not a party to this Agreement has no right under the
        Contracts (Rights of Third Parties) Act 1999 to enforce or enjoy the
        benefit of any term of this Agreement.

5.4     The Borrowers shall on demand reimburse RBS and NatWest all reasonable
        costs including fees, costs and expenses (including legal fees and
        expenses) incurred in or in connection with the negotiation and
        execution of this Agreement shall pay all stamp,

                                       3

<PAGE>

       registration and other taxes to which any such document is, or at any
       time may be, subject and shall indemnify RBS and NatWest against any
       liabilities, expenses, costs or claims resulting from any failure to
       pay, or any delay in paying, such tax.

5.5    For the avoidance of doubt, this Agreement shall constitute a UK
       Finance Document (as defined in the RBS Facility and NatWest Facility).

5.6    This Agreement shall be governed by and construed in accordance with
       the laws of England and the parties hereto submit to the jurisdiction
       of the English courts.

                                       4

<PAGE>

                                    Schedule

<TABLE>
<CAPTION>
Company                             Registered Number     Registered Office
<S>                                 <C>                   <C>
APW Enclosure Products &
Systems Limited                     3518668               Electron Way, Chandlers Ford,
                                                          Eastleigh, Hampshire, S053 4ZR

APW Enclosure Systems (UK)
Limited                             962534                Electron Way, Chandlers Ford,
                                                          Eastleigh, Hampshire, S053 4ZR

APW Investments UK Limited          2873016               Electron Way, Chandlers Ford,
                                                          Eastleigh, Hampshire, S053 4ZR

APW Holdings (UK) Limited           2894364               Electron Way, Chandlers Ford,
                                                          Eastleigh, Hampshire, S053 4ZR

Rubicon Finance Limited             2868702               Electron Way, Chandlers Ford,
                                                          Eastleigh, Hampshire, S053 4ZR

APW Holdings (Europe) Limited       2868712               Electron Way, Chandlers Ford,
                                                          Eastleigh, Hampshire, S053 4ZR

APW Electronics Group plc           02889677              Electron Way, Chandlers Ford,
                                                          Eastleigh, Hampshire, S053 4ZR

APW Electronics Overseas            02889679              Electron Way, Chandlers Ford,
Investments Limited                                       Hampshire, S053 4ZR

APW Electronics Limited             00701364              Electron Way, Chandlers Ford,
                                                          Eastleigh, Hampshire, S053 4ZR

APW Power Supplies Limited          02037578              Narrow Quay House, Narrow Quay,
                                                          Bristol, BS1 4AH

Applied Power Limited               03528602              Electron Way, Chandlers Ford,
                                                          Eastleigh, Hampshire, S053 4ZR

APW Enclosure Systems
Holdings Limited                    03618666              Electron Way, Chandlers Ford,
                                                          Eastleigh, Hampshire, S053 4ZR

APW Enclosure Systems plc           98900                 Electron Way, Chandlers Ford,
                                                          Eastleigh, Hampshire, S053 4ZR

APW Galway Limited                  67768                 Ballybrit Business Park, Ballybrit,
                                                          Galway, Republic of Ireland

APW New Forest Limited              1357306               Electron Way, Chandlers Ford,
                                                          Eastleigh, Hampshire, S053 4ZR
</TABLE>

                                        5

<PAGE>

SIGNED FOR AND ON BEHALF OF:

THE ROYAL BANK OF SCOTLAND plc

By: /s/ [Illegible in Original]

SIGNED FOR AND ON BEHALF OF:

NATIONAL WESTMINSTER BANK PLC

By: /s/ [Illegible in Original]

THE RBS BORROWERS

APW ELECTRONICS GROUP PLC

By: /s/ S.L. Kirby
    Company Secretary

APW ELECTRONICS OVERSEAS INVESTMENTS LIMITED

By: /s/ S.L. Kirby
    Company Secretary

APW ELECTRONICS LIMITED

By: /s/ S.L. Kirby
    Company Secretary

APW ENCLOSURES AB

By: /s/ [Illegible in Original]

APW ELECTRONICS GmbH

By: /s/ John Stephenson
    Geschaftsfuhrer

VERO ELECTRONICS INC.

By: /s/ Richard D. Carroll

APW ENCLOSURES S.A.

By: /s/ S.L. Kirby

APW ELECTRONICS S.r.L

By: /s/ S.L. Kirby

                                       6

<PAGE>

THE NATWEST BORROWERS

APW ENCLOSURE SYSTEMS PLC

By: /s/ S.L. Kirby
    Company Secretary

APW ENCLOSURE PRODUCTS & SYSTEMS LIMITED

By: /s/ S.L. Kirby
    Company Secretary

APW ENCLOSURE SYSTEMS (UK) LIMITED

By: /s/ S.L. Kirby
    Company Secretary

APW INVESTMENTS UK LIMITED

By: /s/ S.L. Kirby
    Company Secretary

APW HOLDINGS (UK) LIMITED

By: /s/ S.L. Kirby
    Company Secretary

RUBICON FINANCE LIMITED

By: /s/ S.L. Kirby
    Company Secretary

APW HOLDINGS (EUROPE) LIMITED

By: /s/ S.L. Kirby
    Company Secretary

APW ELECTRONICS GROUP PLC

By: /s/ S.L. Kirby
    Company Secretary

APW ELECTRONICS OVERSEAS INVESTMENTS LIMITED

By: /s/ S.L. Kirby
    Company Secretary

                                       7

<PAGE>

APW ELECTRONICS LIMITED

By: /s/ S.L. Kirby
    Company Secretary

APW POWER SUPPLIES LIMITED

By: /s/ S.L. Kirby

APPLIED POWER LIMITED

By: /s/ S.L.Kirby
    Company Secretary

APW ENCLOSURE SYSTEMS HOLDING LIMITED

By: /s/ S.L. Kirby
    Company Secretary

APW GALWAY LIMITED

By: /s/ S.L. Kirby

APW NEW FOREST LIMITED

By: /s/ S.L. Kirby
    Company Secretary

                                       8<PAGE>

                                                                     Exhibit 4.3

                         FOURTH AMENDMENT TO AMENDED AND
                         -------------------------------
                     RESTATED MULTICURRENCY CREDIT AGREEMENT
                     ---------------------------------------

     THIS FOURTH AMENDMENT TO AMENDED AND RESTATED MULTICURRENCY CREDIT
AGREEMENT, dated as of February 12, 2002 (this "Amendment"), amends the Amended
                                                ---------
and Restated Multicurrency Credit Agreement, dated as of May 15, 2001 (as
heretofore amended, the "Credit Agreement"), among APW Ltd., a Bermuda
                         ----------------
corporation (the "Borrower"), the various financial institutions parties thereto
                  --------
(collectively, the "Banks"), Bank One, NA, as syndication agent, The Chase
                    -----
Manhattan Bank, as documentation agent and Bank of America, N.A., as
administrative agent. Terms defined in the Credit Agreement are, unless
otherwise defined herein or the context otherwise requires, used herein as
defined therein.

     WHEREAS, the parties hereto have entered into the Credit Agreement, which
provides for the Banks to extend certain credit facilities to the Borrower from
time to time; and

     WHEREAS, the parties hereto desire to amend the Credit Agreement in certain
respects as hereinafter set forth;

     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.  CONSENT. The Banks hereby consent to the sale of the Specified
Business Unit for a purchase price of not less than $21,000,000. Said purchase
price may be adjusted at closing for an escrow not in excess of $500,000 and
other adjustments, so long as not less than $19,000,000 is wired to the Borrower
at closing and the final purchase price after all post closing adjustments shall
not be less than $19,000,000.

     SECTION 2.  AMENDMENTS.

     (a)  Section 2.9(b)(ii) of the Credit Agreement is hereby amended and
restated in its entirety to read as follows:

               "(ii) If for a period of three consecutive Business
          Days, the Borrower and its Subsidiaries hold in aggregate
          collected funds in excess of $9,000,000, the excess
          thereof on said third Business Day shall be applied as a
          prepayment to be applied in the manner set forth in the
          UK/US Intercreditor Agreement."

     (b)  Section 5.2(d) of the Credit Agreement is hereby amended and restated
in its entirety to read as follows:

               "(d)  Free Cash. The Borrower shall represent that, to
                     ---------
          the best of its knowledge after due inquiry, after giving
          effect to a proposed Loan and the application of proceeds
          thereof, within two Business Days of making such Loan, the
          Borrower and its

<PAGE>

          Subsidiaries shall not hold aggregate collected funds in
          excess of $9,000,000."

     (c)  As of the date hereof, Exhibit A to the Credit Agreement is amended
and restated in its entirety with Exhibit A attached hereto.
                                  ---------

     SECTION 3.  CONDITIONS PRECEDENT. This Amendment shall become effective
when each of the conditions precedent set forth in this Section 3 shall have
                                                        ---------
been satisfied, and notice thereof shall have been given by the Agent to the
Borrower and the Banks.

     (a)  Receipt of Documents. The Administrative Agent shall have received all
          --------------------
of the following documents duly executed, dated the date hereof or such other
date as shall be acceptable to the Administrative Agent, and in form and
substance satisfactory to the Administrative Agent:

          (i)   This Amendment, duly executed by the Borrower, the
Administrative Agent and the Required Banks;

          (ii)  An amendment to the UK Facility in form satisfactory to the
Administrative Agent; and

          (iii) A consent with respect to the Securitization in form
satisfactory to the Administrative Agent.

          (iv)  An agreement satisfactory to the Administrative Agent and the
Borrower in respect of retainers for further fees and expenses of Mayer, Brown,
Rowe & Maw and the Administrative Agent's consultant.

     SECTION 4.  REPRESENTATIONS AND WARRANTIES. To induce the Banks and the
Administrative Agent to enter into this Amendment, the Borrower hereby
reaffirms, as of the date hereof, its representations and warranties contained
in the Credit Agreement, as hereby amended, and the other Loan Documents, and
the Borrower additionally represents and warrants to the Administrative Agent
and each Bank as follows:

     (a)  Due Authorization, Non-Contravention, etc. The execution, delivery and
          -----------------------------------------
performance by the Borrower of this Amendment are within the Borrower's
corporate powers, have been duly authorized by all necessary corporation action,
and do not contravene the Borrower's Organic Documents; contravene any
contractual restriction, law or governmental regulation or court decree or order
binding on or affecting the Borrower; or result in, or require the creation or
imposition of, any Lien on any of the Borrower's properties.

     (b)  Governmental Approval, Regulation, etc.  No authorization or approval
          --------------------------------------
or other action by, and no notice to or filing with, any governmental authority
or regulatory body or other Person is required for the due execution, delivery
or performance by the Borrower of this Amendment.

     (c)  Validity, etc. This Amendment constitutes the legal, valid and binding
          -------------
obligation of the Borrower enforceable in accordance with its terms, except to
the extent enforceability

                                       -2-

<PAGE>

thereof is limited by bankruptcy, insolvency or other laws relating to, or
affecting enforcement of, creditors' rights in general, and general principles
of equity.

     (d)  Purchase Agreement. The Asset Purchase Agreement and Ancillary
          ------------------
Documents delivered to the Administrative Agent on or before February 12, 2002
are true and correct and have not since been amended in any material aspect.

     SECTION 5.  MISCELLANEOUS.

     (a)  Continuing Effectiveness, etc. This Amendment shall be deemed to be an
          -----------------------------
amendment to the Credit Agreement, and the Credit Agreement, as amended hereby,
shall remain in full force and effect and is hereby ratified, approved and
confirmed in each and every respect. After the effectiveness of this Amendment
in accordance with its terms, all references to the Credit Agreement in the Loan
Documents or in any other document, instrument, agreement or writing shall be
deemed to refer to the Credit Agreement as amended hereby.

     (b)  Payment of Costs and Expenses. The Borrower agrees to pay on demand
          -----------------------------
all expenses of the Administrative Agent (including the fees and out-of-pocket
expenses of counsel to the Administrative Agent) in connection with the
negotiation, preparation, execution and delivery of this Amendment.

     (c)  Severability. Any provision of this Amendment which is prohibited or
          ------------
unenforceable in any jurisdiction shall, as to such provision and such
jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions of this Amendment
or affecting the validity or enforceability of such provision in any other
jurisdiction.

     (d)  Headings. The various headings of this Amendment are inserted for
          --------
convenience only and shall not affect the meaning or interpretation of this
Amendment or any provisions hereof.

     (e)  Execution in Counterparts. This Amendment may be executed by the
          -------------------------
parties hereto in several counterparts, each of which shall be deemed to be an
original and all of which shall constitute together but one and the same
agreement.

     (f)  Governing Law. THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT MADE
          --------------
UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF ILLINOIS.

     (g)  Successors and Assigns. This Amendment shall be binding upon and shall
          ----------------------
inure to the benefit of the parties hereto and their respective successors and
assigns.

                                       -3-

<PAGE>

         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.

                                         APW LTD.

                                         By: /s/ Richard D. Carroll
                                             ----------------------
                                         Name: Richard D Carroll
                                         Title:

                                         BANK OF AMERICA, N.A., as
                                         Administrative Agent and as a Bank

                                         By: /s/ M. Duncan Mcduffie
                                             ----------------------
                                         Name: M. Duncan McDuffie
                                         Title: Managing Director

                                         THE BANK OF TOKYO-MITSUBISHI, LTD.,
                                         CHICAGO BRANCH

                                         By:____________________________________
                                         Name:
                                         Title:

                                         BANK ONE, NA (Main Office Chicago) as
                                         Syndication Agent and as a Bank

                                         By: /s/ Thomas T. Bower
                                             -------------------
                                         Name: Thomas T. Bower
                                         Title: Senior Vice President

                                        Fourth Amendment to Amended and Restated
                                                  Multicurrency Credit Agreement

<PAGE>

                                        BNP PARIBAS

                                        By:___________________________________
                                        Name:
                                        Title:

                                        By:___________________________________
                                        Name:
                                        Title:

                                        COPPER BEECH HOLDINGS, LLC

                                        By:/s/ Edward Smith Christie
                                           -----------------------------------
                                        Name:  Edward Smith Christie
                                        Title: Vice President

                                        CREDIT LYONNAIS CHICAGO BRANCH

                                        By:___________________________________
                                        Name:
                                        Title:

                                        THE DAI-ICHI KANGYO BANK, LTD.

                                        By:___________________________________
                                        Name:
                                        Title:

                                        FIRST UNION NATIONAL BANK

                                        By:/s/ William W. Teegarden
                                           -----------------------------------
                                        Name:  William W. Teegarden
                                        Title: Senior Vice President

                                        Fourth Amendment to Amended and Restated
                                                  Multicurrency Credit Agreement

<PAGE>

                                        JPMORGAN CHASE BANK, as
                                        Documentation Agent and a Bank

                                        By:/s/ Michael Lancia
                                           -----------------------------------
                                        Name:  Michael Lancia
                                             ---------------------------------
                                        Title: Vice President
                                              --------------------------------

                                        M&I MARSHALL & ILSLEY BANK

                                        By:/s/ Michael Vellon
                                           -----------------------------------
                                        Name:  Michael Vellon
                                             ---------------------------------
                                        Title: Vice President

                                        By:/s/ Thomas R. Johnson
                                           -----------------------------------
                                        Name:  Thomas R. Johnson
                                        Title: Senior Vice President

                                        THE MITSUBISHI TRUST AND BANKING
                                        CORPORATION

                                        By:___________________________________
                                        Name:
                                        Title:

                                        OCM PRINCIPAL OPPORTUNITIES FUND II,
                                        L.P. by Oaktree Capital Management, LLC,
                                        its General Partner

                                        By:/s/ John Frank
                                           -----------------------------------
                                        Name:  John Frank
                                             ---------------------------------
                                        Title: General Counsel
                                              --------------------------------

                                        By:/s/ Jordan Kruse
                                           -----------------------------------
                                        Name:  Jordan Kruse
                                             ---------------------------------
                                        Title: Vice Prsident
                                              --------------------------------

                                        Fourth Amendment to Amended and Restated
                                                  Multicurrency Credit Agreement

<PAGE>

                                OCM OPPORTUNITIES FUND III, L.P. by
                                Oaktree Capital Management, LLC, its General
                                Partner

                                By: /s/ Lowell W. Hill
                                    ------------------------------------------
                                Name:   Lowell W. Hill
                                Title:  Managing Director

                                By: /s/ [llegible in original]
                                Name:

                                PERRY PRINCIPALS, L.L.C.

                                By:___________________________________________
                                Name:
                                Title:

                                ROYAL BANK OF SCOTLAND, PLC

                                By: /s/ Ian Roberts
                                    ------------------------------------------
                                Name:   Ian Roberts
                                Title:  Manager, Specialized Lending Services

                                SOCIETE GENERALE

                                By:___________________________________________
                                Name:
                                Title:

                                SUMITOMO MITSUI BANKING CORPORATION

                                By:___________________________________________
                                Name:
                                Title:

                                        Fourth Amendment to Amended and Restated
                                                  Multicurrency Credit Agreement

<PAGE>

                                                U.S. BANK NATIONAL ASSOCIATION

                                                By:_____________________________
                                                Name:
                                                Title:

                                                WILLIAM E. SIMON & SONS SPECIAL
                                                SITUATIONS PARTNERS II, L.P.

                                                By:/s/ Dale Leshaw
                                                   -----------------------------
                                                Name:  Dale Leshaw
                                                     ---------------------------
                                                Title: Principal
                                                      --------------------------

                                        Fourth Amendment to Amended and Restated
                                                  Multicurrency Credit Agreement

<PAGE>

                                    EXHIBIT A
                                    ---------

                           FORM OF NOTICE OF BORROWING

Date:

To:  Bank of America, National Association, as Administrative Agent for the
     Banks parties to the Amended and Restated Multicurrency Credit Agreement
     dated as of May 15, 2001 (as extended, renewed, amended or restated from
     time to time, the "Credit Agreement") among APW Ltd, (the "Borrower"),
     certain Banks which are signatories thereto, Bank One, NA, as Syndication
     Agent, The Chase Manhattan Bank, as Documentation Agent, and Bank of
     America, National Association, as Administrative Agent

Ladies and Gentlemen:

     The undersigned, APW Ltd., refers to the Credit Agreement, the terms
defined therein being used herein as therein defined, and hereby gives you
notice irrevocably, pursuant to Section 2.3 of the Credit Agreement, of the
Borrowing specified below:

          1.   The Business Day of the proposed Borrowing is _______________.

          2.   The aggregate amount of the proposed Borrowing is ___________.

          3.   The Borrowing is to be comprised of ____________ of [Base Rate]
               [Offshore Rate] Loans.

          4.   The duration of the Interest Period for the Offshore Rate Loans
               included in the Borrowing shall be _____ months.

          5.   The Applicable Currency is _____________________________________.

     The undersigned hereby certifies that the following statements are true on
the date hereof, and will be true on the date of the proposed Borrowing, before
and after giving effect thereto and to the application of the proceeds
therefrom:

     (a)  The representations and warranties of the undersigned Borrower
          contained in Article VI of the Credit Agreement are true and correct
          as applied to the undersigned as though made on and as of such date;

     (b)  No Default or Event of Default has occurred and is continuing, or
          would result from such proposed Borrowing; and

                                      A-1

<PAGE>

     (c)  To the best of its knowledge after due inquiry, after giving effect to
          a proposed Loan and the application of proceeds thereof, within two
          Business Days of making such Loan, the Borrower and its Subsidiaries
          shall not hold aggregate collected funds in excess of $9,000,000.

                                             APW Ltd.

                                             ___________________________________
                                             By:
                                             Title:

                                       A-2

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