Document:

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                                                                    Exhibit 10.3

                  AMENDMENT AND CONSENT TO AMENDED AND RESTATED
                      SHORT TERM REVOLVING CREDIT AGREEMENT

      AMENDMENT AND CONSENT TO AMENDED AND RESTATED SHORT TERM REVOLVING CREDIT
AGREEMENT, dated as of May 31, 2000, among FOSTER WHEELER CORPORATION (herein
referred to as the "BORROWER"), the guarantors party hereto (the "GUARANTORS"),
the lenders party hereto (each a "LENDER" and collectively, the "LENDERS"), BANK
OF AMERICA, N. A., in its capacity as administrative agent for the Lenders (in
such capacity, the "ADMINISTRATIVE AGENT"), and FIRST UNION NATIONAL BANK, as
Syndication Agent and ABN AMRO BANK N.V., as Documentation Agent.

                              W I T N E S S E T H:

      WHEREAS, the Borrower, the Guarantors, the Lenders, the Administrative
Agent, the Syndication Agent and the Documentation Agent are parties to that
certain Amended and Restated Short Term Revolving Credit Agreement, dated as of
December 1, 1999 (the "CREDIT AGREEMENT"); and

      WHEREAS, the Borrower and the Guarantors have requested that the Credit
Agreement be amended in certain respects; and

      WHEREAS, the Borrower has also requested, as permitted under Section 2.18
of the Credit Agreement, that the Lenders consent to an extension of the
Revolving Credit Maturity Date for an additional 364 day period after which the
then effective Revolving Credit Maturity Date shall be May 30, 2001 (the
"EXTENSION") and waive certain provisions applicable thereto; and

      WHEREAS, the undersigned Lenders and the Agents party hereto are willing
to so amend the Credit Agreement and consent to the Extension, subject to the
terms and conditions hereinafter set forth;

      NOW, THEREFORE, the parties hereto, in consideration of their mutual
covenants and agreements hereinafter set forth and intending to be legally bound
thereby, covenant and agree as follows:

      1. GENERAL. All terms used herein which are not otherwise specifically
defined herein shall have the same meaning herein as defined in the Credit
Agreement as further amended hereby.

      2. EXTENSION CONSENT. As permitted under Section 2.18 of the Credit
Agreement, the undersigned Lenders do hereby consent to the Extension, and this
consent shall constitute notice by the undersigned Lenders of their consent as
required by Section 2.18 of the Credit Agreement.

      3. WAIVER. The Borrower and the undersigned Lenders do hereby waive the 30
day and 27 day prior notice provisions in the fourth sentence of Section 2.18
with regard to the Extension.

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      4. PAYMENTS GENERALLY; INTEREST ON OVERDUE AMOUNTS. Section 2.15 of the
Credit Agreement shall be and is hereby amended by adding in the appropriate
alphabetical order a new subsection as follows:

            "(c) Unless the Administrative Agent shall have received notice from
            the Borrower prior to the date on which any payment is due to the
            Lenders hereunder that the Borrower will not make such payment in
            full, the Administrative Agent may assume that the Borrower has made
            such payment in full to the Administrative Agent on such date and
            the Administrative Agent may, in reliance upon such assumption,
            cause to be distributed to each Lender on such due date an amount
            equal to the amount then due such Lender. If and to the extent that
            the Borrower shall not have so made such payment, each Lender shall
            repay to the Administrative Agent forthwith on demand such amount
            distributed to such Lender together with interest thereon, for each
            day from the date such amount is distributed to such Lender until
            the date such Lender repays such amount to the Administrative Agent,
            at the Federal Funds Effective Rate."

      5. ASSIGNMENTS. Section 10.14 of the Credit Agreement shall be and is
hereby amended by deleting the language of subsection (c)(v) thereto and
inserting the following language in its place:

            "to the extent the Other Credit Agreement is in effect, the
            assigning Lender, to the extent such Lender has a commitment under
            the Other Credit Agreement, shall assign the same percentage of its
            "Commitment" under the Other Credit Agreement concurrently with such
            assignment."

      6. REPRESENTATIONS. In order to induce the Lenders to execute and deliver
this Amendment, the Borrower hereby represents to the Lenders that as of the
date hereof the representations and warranties set forth in Article III of the
Credit Agreement are and shall be and remain true and correct (except that the
representations contained in Section 3.06 shall be deemed to refer to the most
recent financial statements of the Borrower delivered to the Lenders) and the
Borrower is in compliance with the terms and conditions of the Credit Agreement
and no Default or Event of Default has occurred and is continuing under the
Credit Agreement or shall result after giving effect to this Amendment.

      7. EFFECTIVENESS. This Amendment and Consent shall become effective (i)
when it shall be executed by the Borrower and those Lenders with an aggregate
Revolving Credit Commitment Amount equal to or exceeding 85% of the Total
Revolving Credit Commitment in effect as of the 10th day prior to the current
Revolving Credit Maturity Date, (ii) each Guarantor shall have executed and
delivered to the Lenders their consent to this Amendment in the form set forth
below and (iii) the Administrative Agent shall have received copies (executed or
certified, as may be appropriate) of all legal documents or proceedings taken in
connection with the

                                       -2-

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execution and delivery of this Amendment to the extent the Administrative Agent
or its counsel may reasonably request. This Amendment and Consent may be
executed in separate counterparts, all of which taken together shall constitute
one and the same instrument. This agreement shall be construed and determined in
accordance with the laws of the State of New York. Except as herein specifically
amended, the Credit Agreement shall be and remain in full force and effect and
wherever reference is made in any note, document, letter or other communication
to the Credit Agreement, such reference shall, without more, be deemed to refer
to the Credit Agreement as amended hereby. The consent and waiver provided in
paragraphs 2 and 3 hereof shall be limited specifically as provided for therein
and this Amendment and Consent shall not constitute a consent to any other
transaction or waiver of the application of the Sections of the Credit Agreement
referred to in paragraphs 2 and 3 hereof to any other transaction nor shall it
be a waiver or modification of any other term, provision or condition of the
Credit Agreement or waiver of any Default or Event of Default except as
expressly set forth herein and shall not prejudice or be deemed to prejudice any
right that the Agent or any Lender may now have or may have in the future under
the Credit Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                      -3-

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      IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly
authorized, have executed and delivered this Agreement as of the date first
above written.

ATTEST:                              FOSTER WHEELER CORPORATION, as Borrower

By                                   By
  ----------------------------          -------------------------------------
  Title:                                Title:

                                     FOSTER WHEELER USA
                                        Corporation, as Guarantor

                                     By
                                        Title:

                                     FOSTER WHEELER ENERGY
                                        INTERNATIONAL, INC., as
                                        Guarantor

                                     By
                                        Title:

                                     FOSTER WHEELER ENERGY
                                        CORPORATION, as Guarantor

                                     By
                                        Title:

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                                     BANK OF AMERICA, N.A., individually and as
                                        Administrative Agent

                                     By
                                            Title:

                                     FIRST UNION NATIONAL BANK,
                                        individually and as
                                        Syndication Agent

                                     By
                                            Title:

                                     ABN AMRO BANK N.V.,
                                        individually and as
                                        Documentation Agent

                                     By
                                            Title:

                                     By
                                            Title:

                                     TORONTO DOMINION (TEXAS), INC.

                                     By
                                            Title:

                                     NATIONAL WESTMINSTER BANK PLC, NEW
                                         YORK BRANCH

                                     By
                                            Title:

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                                     NATIONAL WESTMINSTER BANK PLC,
                                        NASSAU BRANCH

                                     By
                                            Title:

                                     THE BANK OF NOVA SCOTIA

                                     By
                                            Title:

                                     BANK OF TOKYO-MITSUBISHI TRUST
                                           COMPANY

                                     By
                                            Title:

                                     CITIBANK, N.A.

                                     By
                                            Title:

                                     PARIBAS

                                     By
                                            Title:

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                                     PNC BANK, NATIONAL ASSOCIATION

                                     By
                                            Title:

                                     SOCIETE GENERALE, NEW YORK
                                        BRANCH

                                     By
                                            Title:

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                     GUARANTORS' ACKNOWLEDGEMENT AND CONSENT

      The undersigned, Foster Wheeler USA Corporation, Foster Wheeler Energy
International, Inc. and Foster Wheeler Energy Corporation, heretofore, under
Article IX of the Credit Agreement, guaranteed any and all of the Guaranteed
Obligations to the Creditors. The undersigned hereby consent to the Amendment to
the Credit Agreement as set forth above and confirm that all of the undersigned
obligations under the Credit Agreement remain in full force and effect. The
undersigned further agree that the consent of the undersigned to any further
amendments to the Credit Agreement shall not be required as a result of this
consent having been obtained, except to the extent, if any, required by the
Credit Agreement.

                                       FOSTER WHEELER USA Corporation, as
                                          Guarantor

                                       By
                                          Title:

                                       FOSTER WHEELER ENERGY INTERNATIONAL,
                                          INC., as Guarantor

                                       By
                                          Title:

                                       FOSTER WHEELER ENERGY CORPORATION, as
                                          Guarantor

                                       By
                                          Title:Exhibit 4.1

Registered Number                                           CUSIP: 315921AA4
R-_____________                                             Registered Amount
                                                            $_______________

                            Fidelity Federal Bancorp
                    9 1/8% Junior Subordinated Note Due 2001

     Fidelity Federal Bancorp, an Indiana corporation (herein called the
"Company", which term includes any successor corporation), for value received,
hereby promises to pay to ____________________________________ or registered
assigns, the principal sum of $____________________ Dollars on April 30, 2001,
and to pay interest thereon from May __________, 1994 or from the most recent
Interest Payment Date to which interest has been paid or duly provided for,
semi-annually on May 1 and November 1 in each year, commencing November 1, 1994,
at the rate of 9 1/8% per annum, until the principal hereof is paid or made
available for payment. The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will be paid to the Person in whose
name this Note (or one or more Predecessor Notes) is registered at the close of
business on the Regular Record Date for such interest, which shall be on April
15 or October 15 (whether or not a Business Day), as the case may be, next
preceding such Interest Payment Date. Payment of the principal of (and premium,
if any) and interest on this Security will be made at the offices of Fidelity
Federal Bancorp, 18 N.W. Fourth St., Evansville, Indiana 47708-1347 (the
"Registrar and Paying Agent"), and at any other office or agency maintained by
the Company for such purpose, in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and
private debts; provided, however, that at the option of the Company payment of
interest may be made by check mailed to the address of the Person entitled
thereto as such address shall appear in the Note Register.

     Reference is hereby made to the further provisions of this Note set forth
on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place.

     IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

REGISTRAR'S CERTIFICATE                       FIDELITY FEDERAL BANCORP
  OF AUTHENTICATION

This is one of those Notes authorized         By:_____________________________
by the Company as its 9 1/8% Junior
Subordinated Notes due 2001                   And:____________________________

FIDELITY FEDERAL BANCORP

By:_____________________________________
   Authorized Representative

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     This Note is one of a duly authorized issuance by the Company designated as
its 9 1/8% Junior Subordinated Notes due 2001 (herein called the "Notes"),
limited in aggregate principal amount to $1,000,000 (subject to an increase of
up to $1,500,000 aggregate principal amount).

     The Notes are not redeemable at the option of the Company, in whole or in
part, prior to May 1, 1994. The Notes are redeemable, at the Company's option,
as a whole or from time to time in part, upon not less than 15 nor more than 30
days' notice mailed to each Holder of Notes to be redeemed at his address
appearing in the Note Register, on any date on or after May 1, 1994 and prior to
maturity, at the following Redemption Prices (expressed as percentages of the
principal amount), together in the case of any such redemption, with accrued but
unpaid interest to the Redemption Date (subject to the right of Holders of
record on the relevant record date to receive interest due on the Interest
Payment Date that is on or prior to the Redemption Date):

     Prepayment Date                             Premium
     ---------------                             -------

     On and after May 1, 1994                      103%
     On and after May 1, 1995                      102%
     On and after May 1, 1997                      101%
     On and after May 1, 1999                      100%

     In the event of redemption of this Note in part only, a new Note or Notes
for the unredeemed portion hereof will be issued in the name of the Holder
hereof upon the cancellation hereof.

     The indebtedness evidenced by this Note is an unsecured obligation of the
Company and is fully subordinated to all other indebtedness and obligations of
the Company, including any indebtedness or obligations issued or incurred by the
Company in the future.

     If the Company shall fail to pay the interest on, or principal of this Note
when due, the principal of and interest on this Note may be declared due and
payable by the Holder thereof and payment may be enforced in accordance with
applicable Indiana law.

     No Holder of any Note and no director, officer, employee, agent, manager,
partner or other interest holder of the Company shall have any liability for any
obligation of the Company under the Notes or for any claim based on, in respect
of or by reason of such obligations. Each Holder, by accepting a Note, waives
and releases all such liability. Such waiver and release shall be part of the
consideration for the issuance of the Notes. Notwithstanding the foregoing,
nothing in this provision shall be construed as a waiver or release of any
claims under the Federal securities laws.

     The transfer of this Note is registrable in the Note Register, upon
surrender of this Note for registration of transfer at the offices of Fidelity
Federal Bancorp, 18 N.W. Fourth St., Evansville, Indiana 47708-1347, or at any
other office or agency maintained by the Company for such purpose, duly endorsed
by, or accompanied by a written instrument of transfer in form satisfactory to
the Company and the Note Registrar duly executed by, the Holder hereof or his
attorney duly authorized in writing, and thereupon one of more new Notes, of
authorized denominations and for the same aggregate principal amount, will be
issued to the designated transferee or transferees.

<PAGE>

     The Notes are issuable only in registered form without coupons in
denomination of $1,000 and any integral multiple thereof and are exchangeable
for a like aggregate principal amount of Notes of a different authorized
denomination, as requested by the Holder surrendering the same.

     No service charge shall be made for any such registration of transfer or
exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith.

     In the event any Note is mutilated, lost, stolen or destroyed, the Company
may cause a new Note to be authenticated of like date, maturity and denomination
as that mutilated, lost, stolen, or destroyed, provided that, in the case of any
mutilated Note, such mutilated Note shall first be surrendered to the Company,
and in the case of any lost, stolen or destroyed Note, there shall be first
furnished to the Company evidence of such loss, theft or destruction
satisfactory to the Company, together with indemnity satisfactory to it. In the
event any such lost, stolen, or destroyed Note shall have matured, instead of
issuing a duplicate Note the Company may, upon receiving indemnity satisfactory
to it, pay the same without surrender thereof. The Company may charge the Holder
of such Note with its reasonable fees and expenses in connection with the above.

     Prior to due presentment of this Note for registration of transfer, the
Company and any agent of the Company may treat the Person in whose name this
Note is registered as the owner hereof for all purposes, whether or not this
Note be overdue, and neither the Company nor any such agent shall be affected by
notice to the contrary.

                                  ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this
Note, shall be construed as though they were written out in full according to
applicable laws or regulations:

TEN COM-          as tenants in common
TENANT-           as tenants by the entireties
JTTEN-            as joint tenants with rights of survivorship
                  and not as tenants in common

UNIF TRANF MIN ACT- ____________________ Custodian ___________________
                         (Cust)                          (Minor)

                        under Uniform Transfers to Minors
                      Act _________________________________
                                     (State)

     Additional abbreviations may also be used though not in the above list
     ----------------------------------------------------------------------

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s)
unto

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PLEASE INSERT SOCIAL SECURITY OR
OTHER IDENTIFYING NUMBER OF ASSIGNEE
------------------------------------

/                   /
--------------------------------------------------------------------------------
Please print or typewrite name and address including postal zip code of assignee

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the within Note and all rights thereunder, hereby irrevocably constituting and
appointing                                                            attorney
           ----------------------------------------------------------
to transfer said Note on the books of the Company, with full power of
substitution in the premises.

Date:
     -------------------

----------------------------------         ------------------------------------
THE SIGNATURE(S) SHOULD BE GUARANTEED      NOTICE: The signature to this
BY AN ELIGIBLE GUARANTOR INSTITUTION,      assignment must correspond with the
(BANKS, STOCKBROKERS, SAVINGS AND LOAN     name(s) as written upon the face of
ASSOCIATIONS AND CREDIT UNIONS WITH        the within instrument in every
MEMBERSHIP IN AN APPROVED SIGNATURE        particular, without alteration or
GUARANTEE MEDALLION PROGRAM), PURSUANT     enlargement or any damage whatever.
TO S.E.C. RULE 17Ad-15.

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