FOURTH AMENDMENT TO SECURED
THIS FOURTH AMENDMENT TO SECURED CREDIT AGREEMENT (" Amendment") is made and
entered into as of the 1st day of January, 2005, by and among Cycle Country Accessories Corporation, an Iowa
corporation ("Cycle Country Iowa"), Cycle Country Accessories Corp., a Nevada corporation ("Cycle Country
Nevada") and Bank Midwest, Minnesota Iowa, N.A., a national banking association ("Lender").
A. The Borrowers and the Lender are parties to that certain Secured Credit Agreement dated as of August
_21_, 2001 as amended by the First Amendment to Secured Credit Agreement dated _July _22 , 2002, Second
Amendment to Secured Credit Agreement dated as of May _30_, 2003 and the Third Amendment to Secured
Credit Agreement dated as of June _25_, 2003 (as so amended, the "Credit Agreement"), whereby Lender
extended certain credit facilities to the Borrowers upon the terms and conditions set forth in the Credit
Agreement. Capitalized tenns not otherwise defined in this Amendment shall have the meanings given them in the
B. The Borrowers have requested the Lender to amend the Credit Agreement as set forth herein, and the Lender
is willing to agree to such amendment, all upon and subject to the terms and conditions set forth here in.
NOW, THEREFORE, in consideration of the Recitals and the mutual agreements set forth herein, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as follows:
1. Amendment to the Credit Agreement.
a. The second sentence appearing in Section 1.1 of the Credit Agreement shall be amended in its entirety and as
so amended shall be restated to read as follows:
The maximum amount of Revolving Credit which the Lender agrees to extend to Cycle Country Iowa shall not
exceed the lesser of (i) $1,000,000 ("Revolving Credit Commitment"), or (ii) the Borrowing Base as determined
based on the most recent borrowing base certificate.
b. The th