Exhibit No. 10.1
SECOND AMENDMENT TO SECOND AMENDED
AND RESTATED CREDIT AGREEMENT
This SECOND AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING CREDIT
AGREEMENT (this "Second Amendment") is made as of May 25, 2000 and entered into by and between
UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC., a corporation organized and existing under the
laws of Delaware (the "Borrower") and PNC BANK, NATIONAL ASSOCIATION (the "Bank") and amends
that certain Second Amended and Restated Credit Agreement dated as of January 30, 1998 by and between the
Borrower and the Bank (the Second Amended and Restated Credit Agreement, as amended prior to the date
hereof, is hereinafter referred to as the "Original Credit Agreement").
WHEREAS, the Borrower and the Bank entered into the Original Credit Agreement; and
WHEREAS, upon the request of the Borrower, the Bank has agreed to modify the Original Credit Agreement,
all as more particularly set forth herein.
NOW THEREFORE, in consideration of the foregoing premises, the mutual covenants and agreements
contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and with the intent to be legally bound hereby, the parties hereto agree as follows:
AMENDMENTS TO ORIGINAL CREDIT AGREEMENT
Section 1.01 No Other Amendments or Waivers. (a) The following defined terms and the definitions therefor are
hereby added to Section 1.1 of the Original Credit Agreement and inserted in correct alphabetical order:
Second Amendment: The Second Amendment to Second Amended and Restated Credit Agreement entered into
by and between the Borrower and the Bank and dated as of May 25, 2000.
Second Amendment Effective Date: May 25, 2000, or such later date as all of the conditions set forth in the
Second Amendment have either been satisfied by the Borrower or waived in writing by the Bank.
(b) The definition for the following defined term contained in the Original Credit Agreement is hereby amended