Document:

<PAGE>

                                                                Exhibit 10.1

                                AMENDMENT NO. 4
                                    to the
                            GENESEE & WYOMING INC.
                            1996 STOCK OPTION PLAN

                           Effective April 14, 2000
           (subject to subsequent ratification by the Stockholders)

    WHEREAS, Genesee & Wyoming Inc., a Delaware corporation (the "Company"), has
established the Genesee & Wyoming Inc. 1996 Stock Option Plan, as heretofore
amended (the "Plan"); and

    WHEREAS, deeming it appropriate and advisable so to do, and pursuant to
Section 19 of the Plan, the Board of Directors of the Company has authorized,
approved and adopted the further amendment to the Plan set forth herein;

    NOW, THEREFORE, the Plan is hereby amended, effective April 14, 2000, as set
forth below; provided, however, that if the stockholders of the Company fail to
approve and ratify this Amendment at the next Annual Meeting of Stockholders of
the Company, then this Amendment shall be null and void and of no effect:

        1.  The first sentence of Section "4. Number of Shares." of the Plan is
hereby amended to provide in its entirety as follows (with the remainder of said
Section 4 being unchanged and unaffected by this Amendment and continuing in
full force and effect):

        "Subject to the provisions of Section 5, the total number of shares of
        the Company's Class A Common Stock, par value $.01 per share (the `Class
        A Common Stock'), which may be issued under Options granted pursuant to
        the Plan shall not exceed 1,050,000."

        2.  Except as amended hereby, the Plan shall remain in full force and
effect in accordance with its terms.

    This Amendment No. 4 to the Genesee & Wyoming Inc. 1996 Stock Option Plan
was authorized, approved and adopted by the Board of Directors of the Company on
April 14, 2000, and approved and ratified by the stockholders of the Company on
May 23,2000.

                                                /s/  Mark W. Hastings
                                                ---------------------------
                                                Mark W. Hastings, Secretary<PAGE>

                                                                Exhibit 10.2

                                AMENDMENT NO. 5
                                    to the
                            GENESEE & WYOMING INC.
                            1996 STOCK OPTION PLAN

                           Effective April 14, 2000
           (subject to subsequent ratification by the Stockholders)

    WHEREAS, Genesee & Wyoming Inc., a Delaware corporation (the "Company"), has
established the Genesee & Wyoming Inc. 1996 Stock Option Plan, as heretofore
amended (the "Plan"); and

    WHEREAS, deeming it appropriate and advisable so to do, and pursuant to
Section 19 of the Plan, the Board of Directors of the Company has authorized,
approved and adopted the further amendments to the Plan set forth herein;

    NOW, THEREFORE, the Plan is hereby amended, effective April 14, 2000, as set
forth below; provided, however, that if the stockholders of the Company fail to
approve and ratify this Amendment at the next Annual Meeting of Stockholders of
the Company, then this Amendment shall be null and void and of no effect:

        1.    Section "24. In General." of the Plan is hereby renumbered to be
Section "25. In General." of the Plan (with the substance of said Section 25, as
so renumbered, being unchanged and unaffected by this Amendment and continuing
in full force and effect).

        2.    A new Section "24. Per Person Limitations." is hereby added to the
Plan, to provide in its entirety as follows:

        "24.  Per Person Limitations.

              "In each calendar year, no one participant in the Plan shall be
        granted Options under the Plan with respect to more than 200,000 shares
        of Class A Common Stock (subject to adjustment pursuant to Section 5)."

        3.     Except as amended hereby, the Plan shall remain in full force and
effect in accordance with its terms.

    This Amendment No. 5 to the Genesee & Wyoming Inc. 1996 Stock Option Plan
was authorized, approved and adopted by the Board of Directors of the Company on
April 14, 2000, and approved and ratified by the stockholders of the Company on
May 23,2000.

                                        /s/  Mark W. Hastings
                                        ---------------------------
                                        Mark W. Hastings, Secretary<PAGE>

                                                                Exhibit 10.3

                                AMENDMENT NO. 2
                                    to the
                            GENESEE & WYOMING INC.
                    STOCK OPTION PLAN FOR OUTSIDE DIRECTORS

                           Effective April 14, 2000

    WHEREAS, Genesee & Wyoming Inc., a Delaware corporation (the "Company"), has
established the Genesee & Wyoming Inc. Stock Option Plan for Outside Directors,
as heretofore amended (the "Plan"); and

    WHEREAS, deeming it appropriate and advisable so to do, and pursuant to
Section 14 of the Plan, the Board of Directors of the Company has authorized,
approved and adopted the amendment to the Plan set forth herein;

    NOW, THEREFORE, the Plan is hereby amended, effective April 14, 2000, as set
forth below:

        1.  A new sentence is hereby added to Section "4(a) Grant Dates; Number
of Shares." of the Plan as the last sentence of said Section 4(a), to provide in
its entirety as follows (with the remainder of said Section 4(a) being unchanged
and unaffected by this Amendment and continuing in full force and effect):

        "In addition, on April 14, 2000 (a `Grant Date'), each Participating
        Director in office on such date shall automatically be granted an Option
        to purchase 1,000 Shares."

        2.  Except as amended hereby, the Plan shall remain in full force and
effect in accordance with its terms.

    This Amendment No. 2 to the Genesee & Wyoming Inc. Stock Option Plan for
Outside Directors was authorized, approved and adopted by the Board of Directors
of the Company on April 14, 2000.

                                                /s/  Mark W. Hastings
                                                ---------------------------
                                                Mark W. Hastings, Secretary<PAGE>

                                                                    EXHIBIT 10.1

                      AMENDMENT AND WAIVER NO.  1 TO THE
                    CREDIT AGREEMENT AND SECURITY AGREEMENT

                                    Dated as of December 31, 1999

          AMENDMENT NO. 1 TO THE CREDIT AGREEMENT among BMAC Holdings, Inc., a
Delaware corporation (the "Parent Guarantor"), Better Minerals & Aggregates
Company, a Delaware corporation (the "Borrower"), George F. Pettinos (Canada)
Limited, a corporation organized and existing under the laws of Ontario, Canada
(the "Canadian Borrower"), the banks, financial institutions and other
institutional lenders parties to the Credit Agreement referred to below
(collectively, the "Lenders"), and Banque Nationale de Paris ("BNP"), as the
initial issuing bank (the "Initial Issuing Bank"), as the swing line bank (the
"Swing Line Bank"), and as agent (together with any successors appointed
pursuant to Article VII, the "Agent") for the Lender Parties.

          PRELIMINARY STATEMENTS:

          (1)  The Borrower, the Lenders and the Agent have entered into a
Credit Agreement dated as of September 30, 1999 (as amended, supplemented or
otherwise modified through the date hereof, the "Credit Agreement"). Capitalized
terms not otherwise defined in this Amendment have the same meanings as
specified in the Credit Agreement.

          (2)  The Borrower and the Required Lenders have agreed to amend the
Credit Agreement as hereinafter set forth.

          SECTION 1.  Amendments to Credit Agreement.  The Credit Agreement is,
                      ------------------------------
on the Effective Date, hereby amended as follows:

     (a)  Section 5.02(f)(iv)(x) is amended in full to read as follows;

          "(x) in Cash Equivalents deposited in a Blocked Account (as defined in
     the Security Agreement) in an aggregate amount at any time invested not to
     exceed the greater of (1) $5,000,000 and (2) so long as no Swing Line
     Advances or Working Capital Advances are outstanding, such amounts as the
     Borrower and its Subsidiaries may from time to time hold,"
<PAGE>

                                       2

          SECTION 2.  Amendments to Security Agreement.  The Security Agreement
                      --------------------------------
is:

     (a)  on the Effective Date, hereby amended by replacing (i) Schedule III
thereto with Schedule III hereto and (ii) Schedule V thereto with Schedule V
hereto; and

     (b)  on the Effective Date and upon the completion of the sale of the
Canadian Borrower by the Borrower and its Subsidiaries, hereby amended by
replacing Schedule I thereto with Schedule I hereto.

          SECTION 3.  Waiver and Release.  Effective from the Effective Date,
                      ------------------
the requirements of Section 5.02(e) of the Credit Agreement are hereby waived
solely to the extent required to permit the sale by the Borrower and its
Subsidiaries of the Canadian Borrower and the Lenders hereby agree to execute,
at the cost and expense of the Borrower,  such documentation as may be required
to evidence the release of any Liens in favor of the Agent over the Canadian
Borrower.

          SECTION 4.  Conditions of Effectiveness.  This Amendment shall become
                      ---------------------------
effective on and as of the first date (the "Effective Date") on which the Agent
shall have received the following:

     (a)  counterparts of (1) this Amendment executed by the Borrower and all
the Required Lenders or, as to any of the Lenders, advice satisfactory to the
Agent that such Lender has executed this Amendment, and (2) the consent attached
hereto executed by each party to the Subsidiary Guaranty (the "Subsidiary
Consent"); and

     (b)  a certificate of the chief financial officer or treasurer of the
Borrower notifying the Agent of the optional prepayment of the Canadian Facility
in accordance with Section 2.07(a) of the Credit Agreement in form and substance
satisfactory to the Agent.

          SECTION 5.  Reference to and Effect on the Loan Documents.  (a)  On
                      ---------------------------------------------
and after the effectiveness of this Amendment, each reference in the Credit
Agreement to "this Agreement", "hereunder", "hereof" or words of like import
referring to the Credit Agreement, and each reference in the Notes and each of
the other Loan Documents to "the Credit Agreement", "thereunder", "thereof" or
words of like import referring to the Credit Agreement, shall mean and be a
reference to the Credit Agreement, as amended by this Amendment.

     (b)  The Credit Agreement and each of the other Loan Documents, as
specifically amended by this Amendment, are and shall continue to be in full
force and effect and are hereby in all respects ratified and confirmed.  Without
limiting the generality of the foregoing,
<PAGE>

                                       3

the Collateral Documents and all of the Collateral described therein do and
shall continue to secure the payment of all Obligations of the Loan Parties
under the Loan Documents, in each case as amended by this Amendment.

     (c)  The execution, delivery and effectiveness of this Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or
remedy of any Lender or the Agent under any of the Loan Documents, nor
constitute a waiver of any provision of any of the Loan Documents.

          SECTION 6.  Costs, Expenses.  The Borrower agrees to pay on demand all
                      ---------------
costs and expenses of the Agent in connection with the preparation, execution,
delivery and administration, modification and amendment of this Amendment and
the other instruments and documents to be delivered hereunder (including,
without limitation, the reasonable fees and expenses of counsel for the Agent)
in accordance with the terms of Section 8.04 of the Credit Agreement.

          SECTION 7.  Execution in Counterparts.  This Amendment may be executed
                      -------------------------
in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute but one and the same agreement.
Delivery of an executed counterpart of a signature page to this Amendment by
telecopier shall be effective as delivery of a manually executed counterpart of
this Amendment.

          SECTION 8.  Governing Law.  This Amendment shall be governed by, and
                      -------------
construed in accordance with, the laws of the State of New York.

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]
<PAGE>

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

                                        BMAC HOLDINGS, INC.
                                        as Parent Guarantor

                                        By _____________________________________
                                           Name:
                                           Title:

                                        BETTER MINERALS & AGGREGATES
                                        COMPANY, as Borrower

                                        By _____________________________________
                                           Name:
                                           Title:

                                        GEORGE F. PETTINOS (CANADA)
                                        LIMITED, as Canadian Borrower

                                        By _____________________________________
                                           Name:
                                           Title:
<PAGE>

                                        THE CHASE MANHATTAN BANK

                                        By _____________________________________
                                           Name:
                                           Title:

                                        CHASE SECURITIES INC.

                                        By _____________________________________
                                           Name:
                                           Title:
<PAGE>

                                        BANQUE NATIONALE DE PARIS,
                                        as Agent, Initial Lender, Swing Line
                                        Bank and Initial Issuing Bank

                                        By _____________________________________
                                           Name:
                                           Title:

                                        By _____________________________________
                                           Name:
                                           Title:

                                        BANQUE NATIONALE DE PARIS
                                        (CANADA),
                                        as Canadian Lender and Sub-Agent

                                        By _____________________________________
                                           Name:
                                           Title:

                                        By _____________________________________
                                           Name:
                                           Title:
<PAGE>

                                        [TYPE OR PRINT NAME OF
                                        INSTITUTION]

                                        By _____________________________________
                                           Name:
                                           Title:

<PAGE>

                              SUBSIDIARY CONSENT

                                    Dated as of February _____, 2000

     The undersigned, as parties to one or more of the Loan Documents as defined
in the Credit Agreement referred to in the foregoing Amendment, hereby consent
to such Amendment and the Credit Agreement as amended prior to the date hereof
and hereby confirm and agree that (a) notwithstanding the effectiveness of such
Amendment, each of the Loan Documents is, and shall continue to be, in full
force and effect and is hereby ratified and confirmed in all respects, except
that, on and after the effectiveness of such Amendment, each reference in the
Loan Documents to the "Credit Agreement", "Security Agreement", "thereunder",
"thereof" or words of like import shall mean and be a reference to the Credit
Agreement and the Security Agreement, as amended by such Amendment, and (b) the
Collateral Documents to which such undersigned is a party and all of the
Collateral described therein do, and shall continue to, secure the payment of
all of the Secured Obligations (in each case, as defined therein).

                                   PENNSYLVANIA GLASS SAND CORPORATION

                                   By __________________________________________
                                      Title:

                                   THE FULTON LAND AND TIMBER COMPANY

                                   By __________________________________________
                                      Title:

                                   OTTAWA SILICA COMPANY

                                   By __________________________________________
                                      Title:

                                   GEORGE F. PETTINOS, INC.

                                   By __________________________________________
                                      Title:
<PAGE>

                                   ELLEN JAY, INC.

                                   By __________________________________________
                                      Title:

                                   U.S. SILICA COMPANY (a/k/a U.S. Silica
                                   Company, Inc.)

                                   By __________________________________________
                                      Title:

                                   BETTER MATERIALS CORPORATION

                                   By __________________________________________
                                      Title:

                                   BMC TRUCKING, INC.

                                   By __________________________________________
                                      Title:

                                   BUCKS COUNTY CRUSHED STONE COMPANY

                                   By __________________________________________
                                      Title:

                                   CHIPPEWA FARMS CORPORATION

                                   By __________________________________________
                                      Title:

                                   SHORE STONE COMPANY, INC.

                                   By __________________________________________
                                      Title:
<PAGE>

                                   COMMERCIAL STONE CO., INC.

                                   By __________________________________________
                                      Title:

                                   STONE MATERIALS COMPANY, LLC

                                   By: Better Minerals & Aggregates Company,
                                       as Manager

                                   By __________________________________________
                                      Title:

                                   COMMERCIAL AGGREGATES TRANSPORTATION
                                   AND SALES, LLC

                                   By: Stone Materials Company, LLC,
                                       as Manager

                                   By __________________________________________
                                      Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00013-of-00352.parquet"}]]