Execution Version

Exhibit 10.1
SHARE PURCHASE AGREEMENT
among
COLUMBUS MCKINNON CORPORATION
and
THE PURCHASERS PARTY HERETO
December 18, 2016

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TABLE OF CONTENTS
Page
ARTICLE I
DEFINITIONS............................................................................................................    1

Section 1.01
Definitions....................................................................................................    1

Section 1.02
Accounting Procedures and
Interpretation..................................................    7

ARTICLE II AGREEMENT TO SELL AND
PURCHASE............................................................    7

Section 2.01
Sale and
Purchase........................................................................................    7

Section 2.02
Closing.........................................................................................................    8

Section 2.03
Mutual
Conditions.......................................................................................    8

Section 2.04
Conditions to Each Purchaser’s
Obligations...............................................    8

Section 2.05
Conditions to the Company’s
Obligations...................................................    9

Section 2.06
Deliveries at the
Closing............................................................................    10

Section 2.07
Independent Nature of Purchasers’ Obligations and
Rights.......    ...............11

Section 2.08
Repurchase of Purchased
Shares...............................................................    11

Section 2.09
Further
Assurances.....................................................................................    12

ARTICLE III REPRESENTATIONS AND WARRANTIES AND COVENANTS RELATED TO THE
COMPANY...........................................................................................................................12

Section 3.01
Existence, Qualification and
Power...........................................................    12

Section 3.02
Capitalization and Valid Issuance of
Securities.........................................    12

Section 3.03
Ownership of the Material
Subsidiaries.....................................................    13

Section 3.04
Company SEC
Documents........................................................................    13

Section 3.05
Financial
Statements..................................................................................    13

Section 3.06
Independent Registered Public Accounting
Firm......................................    14

Section 3.07
No Material Adverse
Change.....................................................................    14

Section 3.08
No Registration
Required..........................................................................    14

Section 3.09
No Restrictions or Registration
Rights......................................................    14

Section 3.10
Litigation....................................................................................................    15

Section 3.11
Compliance with
Law................................................................................    15

Section 3.12
No
Conflicts...............................................................................................    15

Section 3.13
Authority;
Enforceability...........................................................................    15

Section 3.14
Approvals...................................................................................................    16

Section 3.15
Distribution
Restrictions............................................................................    17

Section 3.16
Investment Company
Status......................................................................    17

Section 3.17
Certain
Fees...............................................................................................    17

Section 3.18
Insurance....................................................................................................    17

Section 3.19
Internal
Controls........................................................................................    17

Section 3.20
Disclosure Controls and
Procedures..........................................................    17

Section 3.21
Sarbanes-Oxley..........................................................................................    18

Section 3.22
Listing and Maintenance
Requirements....................................................    18

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Section 3.23
Environmental
Compliance.......................................................................    18

Section 3.24
ERISA
Compliance....................................................................................    18

Section 3.25
Tax Returns;
Taxes.....................................................................................    19

Section 3.26
Required Disclosures and
Descriptions.....................................................    20

Section 3.27
Title to
Property........................................................................................    20

Section 3.28
Shell Company
Status................................................................................    20

Section 3.29
Form S-3
Eligibility...................................................................................    20

Section 3.30
Anti-Corruption Laws and
Sanctions........................................................    20

Section 3.31
No Side
Agreements..................................................................................    20

Section 3.32
No Directed Selling Efforts or General
Solicitation..................................    21

Section 3.33
No Integrated
Offering..............................................................................    21

Section 3.34
Rule 506
Compliance................................................................................    21

Section 3.35
Repurchase of Purchased
Shares...............................................................    21

ARTICLE IV REPRESENTATIONS AND WARRANTIES AND COVENANTS OF THE
PURCHASERS.............................................................................................................................    22

Section 4.01
Existence....................................................................................................    22

Section 4.02
Authorization,
Enforceability.....................................................................    22

Section 4.03
No
Breach..................................................................................................    22

Section 4.04
Certain
Fees...............................................................................................    22

Section 4.05
Unregistered
Securities..............................................................................    23

Section 4.06
Sufficient
Funds.........................................................................................    25

Section 4.07
No Prohibited
Trading...............................................................................    25

Section 4.08
No General
Solicitation.............................................................................    26

Section 4.09
No
Reliance...............................................................................................    26

Section 4.10
No Side
Agreements..................................................................................    26

ARTICLE V
COVENANTS..........................................................................................................    26

Section 5.01
Cooperation; Further
Assurances...............................................................    26

Section 5.02
Use of
Proceeds.........................................................................................    26

Section 5.03
Subsequent Equity
Sales............................................................................    26

ARTICLE VI INDEMNIFICATION, COSTS AND
EXPENSES................................................    27

Section 6.01
Indemnification by the
Company...............................................................    27

Section 6.02
Indemnification
Procedure........................................................................    27

Section 6.03
Tax
Matters................................................................................................    28

ARTICLE VII
TERMINATION....................................................................................................    29

Section 7.01
Termination................................................................................................    29

Section 7.02
Certain Effects of
Termination...................................................................    29

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ARTICLE VIII
MISCELLANEOUS.............................................................................................    29

Section 8.01
Expenses....................................................................................................    29

Section 8.02
Interpretation..............................................................................................    29

Section 8.03
Survival of
Provisions................................................................................    30

Section 8.04
No Waiver: Modifications in
Writing........................................................    30

Section 8.05
Binding
Effect............................................................................................    31

Section 8.06
Publicity.....................................................................................................    31

Section 8.07
Communications........................................................................................    32

Section 8.08
Removal of
Legend....................................................................................    32

Section 8.09
Entire
Agreement.......................................................................................    33

Section 8.10
Governing Law: Submission to
Jurisdiction..............................................    33

Section 8.11
Waiver of Jury
Trial...................................................................................    34

Section 8.12
No Recourse Against
Others......................................................................    34

Section 8.13
No Third-Party
Beneficiaries.....................................................................    35

Section 8.14
Execution in
Counterparts.........................................................................    35

Section 8.15
Certain
Adjustments..................................................................................    35

SCHEDULE A – Purchaser Allocations

EXHIBIT A – Form of Opinion of DLA Piper LLP
(US)...........................................................    A-1
EXHIBIT B – Form of Registration Rights
Agreement..............................................................    B-1

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SHARE PURCHASE AGREEMENT
This SHARE PURCHASE AGREEMENT, dated as of December 18, 2016 (this “Agreement”),
is entered into by and among COLUMBUS MCKINNON CORPORATION, a New York
corporation (the “Company”), and the purchasers set forth in Schedule A hereto
(the “Purchasers”).
WHEREAS, the Company desires to issue and sell to the Purchasers, and the
Purchasers desire to purchase from the Company, the Purchased Shares (as defined
below), in accordance with the provisions of this Agreement; and
WHEREAS, in connection with the issuance of the Purchased Shares pursuant to
this Agreement, the Company and the Purchasers will enter into a registration
rights agreement (the “Registration Rights Agreement”), pursuant to which the
Company will provide the Purchasers with certain registration rights with
respect to the Purchased Shares.
NOW THEREFORE, in consideration of the mutual covenants and agreements set forth
herein and for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereby agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01    Definitions. As used in this Agreement, the following terms have
the meanings indicated:
“Affiliate” means, with respect to any Person, any other Person that directly or
indirectly through one or more intermediaries controls, is controlled by or is
under common control with, the Person in question. As used herein, the term
“control” means the possession, direct or indirect, of the power to direct or
cause the direction of the management and policies of a Person, whether through
ownership of voting securities, by contract or otherwise. For the avoidance of
doubt, for purposes of this Agreement, (a) the Company Entities, on the one
hand, and any Purchaser, on the other, shall not be considered Affiliates and
(b) any fund or account managed, advised or subadvised, directly or indirectly,
by a Purchaser or its Affiliates, shall be considered an Affiliate of such
Purchaser.
“Agent” means J.P. Morgan Securities LLC.
“Agreement” has the meaning set forth in the introductory paragraph of this
Agreement.
“Anti-Corruption Laws” means all laws, rules and regulations of any jurisdiction
applicable to the Company or its Subsidiaries from time to time concerning or
relating to bribery, money-laundering or corruption.

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“Business Day” means any day other than a Saturday, Sunday, any federal legal
holiday or day on which banking institutions in the State of New York are
authorized or required by Law or other governmental action to close.
“Closing” has the meaning specified in Section 2.02.
“Closing Date” means the date on which the Closing occurs.
“Code” means the Internal Revenue Code of 1986.
“Commission” means the United States Securities and Exchange Commission.
“Common Share” means a share of the common stock, par value $0.01 per share, of
the Company (and rights attached thereto).
“Common Share Offering Price” means $22.00 per Common Share.
“Company” has the meaning set forth in the introductory paragraph of this
Agreement.
“Company Entities” means, collectively, the Company and Company’s Subsidiaries.
“Company SEC Documents” means the Company’s forms, registration statements,
reports, schedules and statements filed by it under the Exchange Act or the
Securities Act, as applicable.
“Consent” has the meaning specified in Section 3.14.
“Contract” means any contract, agreement, indenture, note, bond, mortgage, deed
of trust, loan, instrument, lease, license, commitment or other arrangement,
understanding, undertaking, commitment or obligation, whether written or oral.
“Debt Commitment Letter” means the Second Amended and Restated Commitment
Letter, dated as of November 30, 2016, by and between the Company and JPMorgan
Chase Bank, N.A.
“Disqualification Event” has the meaning specified in Section 3.34.
“Drop-Dead Date” means April 30, 2017.
“Environmental Law” means any and all Federal, state, local, and foreign
statutes, laws, regulations, ordinances, rules, judgments, orders, decrees,
permits, concessions, grants, franchises, licenses, agreements or governmental
restrictions relating to pollution and the protection of the environment or the
release of any materials into the environment, including those related to
hazardous substances or wastes, air emissions and discharges to water or public
wastewater treatment systems, applicable in, or pursuant to the laws of, any
jurisdiction.
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended.
“ERISA Affiliate” means any trade or business (whether or not incorporated)
under common control with the Company within the meaning of Section 414(b) or
(c) of the Code (and Sections 414(m) and (o) of the Code for purposes of
provisions relating to Section 412 of the Code).

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“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b)
the withdrawal of the Company or any ERISA Affiliate from a Pension Plan subject
to Section 4063 of ERISA during a plan year in which such entity was a
“substantial employer” as defined in Section 4001(a)(2) of ERISA or a cessation
of operations that is treated as such a withdrawal under Section 4062(e) of
ERISA; (c) a complete or partial withdrawal by the Company or any ERISA
Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is
in reorganization; (d) the filing of a notice of intent to terminate, the
treatment of a Pension Plan amendment as a termination under Section 4041 or
4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a
Pension Plan; (f) any event or condition which constitutes grounds under Section
4042 of ERISA for the termination of, or the appointment of a trustee to
administer, any Pension Plan; (g) the determination that any Pension Plan is
considered an at-risk plan or a plan in endangered or critical status within the
meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of
ERISA; or (h) the imposition of any liability under Title IV of ERISA, other
than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon
the Company or any ERISA Affiliate.
“Exchange Act” means the Securities Exchange Act of 1934, as amended from time
to time, and the rules and regulations of the Commission promulgated thereunder.
“Foreign Government Scheme or Arrangement” has the meaning specified in Section
3.24(e).
“Foreign Plan” has the meaning specified in Section 3.24(e).
“Funding Obligation” means, with respect to a particular Purchaser, an amount
equal to the Common Share Offering Price multiplied by the number of Purchased
Shares to be purchased by such Purchaser on the Closing Date pursuant to Section
2.01.
“GAAP” means generally accepted accounting principles in the United States set
forth in the opinions and pronouncements of the Accounting Principles Board and
the American Institute of Certified Public Accountants and statements and
pronouncements of the Financial Accounting Standards Board or such other
principles as may be approved by a significant segment of the accounting
profession in the United States.
“Governmental Authority” means the government of the United States or any other
nation, or of any political subdivision thereof, whether state or local, and any
agency, authority, instrumentality, regulatory body, court, central bank or
other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any
supranational bodies such as the European Union or the European Central Bank).
“Indemnified Party” has the meaning specified in Section 6.02(b).
“Indemnifying Party” has the meaning specified in Section 6.02(b).

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“Law” means collectively, all international, foreign, Federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and
administrative or judicial precedents or authorities, including the
interpretation or administration thereof by any Governmental Authority charged
with the enforcement, interpretation or administration thereof, and all
applicable administrative orders, directed duties, requests, licenses,
authorizations and permits of, and agreements with, any Governmental Authority,
in each case whether or not having the force of law.
“Lien” means any mortgage, pledge, lien (statutory or otherwise), encumbrance,
security interest, security agreement, conditional sale, trust receipt, charge
or claim or a lease, consignment or bailment, preference or priority,
assessment, deed of trust, easement, servitude or other encumbrance upon or with
respect to any property of any kind.
“Material Adverse Effect” means (a) a material adverse change in, or a material
adverse effect upon, the operations, business, properties, assets, liabilities
(actual or contingent), condition (financial or otherwise) or prospects of the
Company or the Company Entities, taken as a whole; (b) a material impairment of
the ability of the Company Entities, taken as a whole, to perform their
obligations under the Transaction Documents to which they are party; or (c) a
material adverse effect upon the legality, validity, binding effect,
enforceability or rights and remedies of the Purchasers against the Company
Entities under the Transaction Documents; provided however, that a Material
Adverse Effect shall not include any material and adverse effect on the
foregoing to the extent such material and adverse effect result from, arises out
of, or relates to (w) the announcement of the transactions contemplated by this
Agreement or the satisfaction of the obligations set forth herein, (x) a general
deterioration in the economy or changes in the general state of the industries
in which the Company operates, except to the extent that the Company is
adversely affected in a disproportionate manner as compared to other industry
participants, (y) the outbreak or escalation of hostilities involving the United
States, the declaration by the United States of a national emergency or war or
the occurrence of any other calamity or crisis, including acts of terrorism, or
(z) any change in accounting requirements or principles imposed upon any Company
Entity or their respective businesses or any change in applicable Law, or the
interpretation thereof.
“Material Subsidiaries” means the Subsidiaries of the Company that are
“significant subsidiaries” of the Company as defined in Rule 1-02(w) of
Regulation S-X under the Exchange Act.
“Multiemployer Plan” means any employee benefit plan of the type described in
Section 4001(a)(3) of ERISA, to which the Company or any ERISA Affiliate makes
or is obligated to make contributions, or during the preceding five plan years,
has made or been obligated to make contributions.
“Multiple Employer Plan” means a Plan which has two or more contributing
sponsors (including the Company or any ERISA Affiliate) at least two of whom are
not under common control, as such a plan is described in Section 4064 of ERISA.
“NASDAQ” means the NASDAQ Stock Market, Inc.

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“NYBCL” means the New York Business Corporation Law, as may be amended or
revised from time to time.
“Organizational Documents” means, (a) (i) with respect to any corporation and
any besloten vennootschap met beperkte aansprakelijkheid, the certificate or
articles of incorporation and the bylaws (or equivalent or comparable
constitutive documents with respect to any non-U.S. jurisdiction); (ii) with
respect to any limited liability company, the certificate or articles of
formation or organization and operating agreement; and (iii) with respect to any
partnership, joint venture, trust or other form of business entity, the
partnership, joint venture or other applicable agreement of formation or
organization and any agreement, instrument, filing or notice with respect
thereto filed in connection with its formation or organization with the
applicable Governmental Authority in the jurisdiction of its formation or
organization and, if applicable, any certificate or articles of formation or
organization of such entity, or (b) with respect to entities incorporated in any
non-U.S. jurisdiction, equivalent or comparable constitutive documents.
“PBGC” means the Pension Benefit Guaranty Corporation.
“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum
required contributions (including any installment payment thereof) to Pension
Plans and set forth in, with respect to plan years ending prior to the effective
date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each
as in effect prior to the Pension Act and, thereafter, Sections 412, 430, 431,
432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.
“Pension Plan” means any employee pension benefit plan (including a Multiple
Employer Plan or a Multiemployer Plan) that is maintained or is contributed to
by the Company and any ERISA Affiliate and is either covered by Title IV of
ERISA or is subject to the minimum funding standards under Section 412 of the
Code.
“Person” means any individual, corporation, company, voluntary association,
partnership, joint venture, trust, limited liability company, unincorporated
organization, government or any agency, instrumentality or political subdivision
thereof or any other form of entity.
“Plan” means any employee benefit plan within the meaning of Section 3(3) of
ERISA (including a Pension Plan), maintained for employees of the Company or any
ERISA Affiliate or any such Plan to which the Company or any ERISA Affiliate is
required to contribute on behalf of any of its employees.
“Purchased Shares” has the meaning specified in Section 2.01(a).
“Purchaser Related Parties” has the meaning specified in Section 6.01.
“Purchasers” has the meaning specified in the introductory paragraph of this
Agreement.

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“Registration Rights Agreement” means the Registration Rights Agreement, to be
entered into at the Closing, between the Company and the Purchasers,
substantially in the form attached hereto as Exhibit B.
“Reportable Event” means any of the events set forth in Section 4043(c) of
ERISA, other than events for which the 30 day notice period has been waived.
“Representatives” means, with respect to a specified Person, the Purchasers,
officers, directors, managers, employees, agents, advisors, counsel,
accountants, investment bankers and other representatives of such Person.
“Sanctioned Country” means at any time, a country or territory which is itself
the subject or target of any Sanctions.
“Sanctioned Person” means at any time, (a) any Person listed in any
Sanctions-related list of designated Persons maintained by the Office of Foreign
Assets Control of the U.S. Department of the Treasury or the U.S. Department of
State or by the United Nations Security Council, the European Union or any EU
member state, (b) any Person operating, organized or resident in a Sanctioned
Country or (c) any Person owned or controlled by any such Person or Persons.
“Sanction(s)” means economic or financial sanctions or trade embargoes imposed,
administered or enforced from time to time by (a) the U.S. government, including
those administered by the Office of Foreign Assets Control of the U.S.
Department of the Treasury or the U.S. Department of State or (b) the United
Nations Security Council, the European Union, Her Majesty’s Treasury of the
United Kingdom or the Netherlands, provided that, with respect to any Person
subject to the laws of Germany only such sanctions as imposed, administered, or
enforced from time to time by the Federal Republic of Germany shall be included.
“Securities Act” means the Securities Act of 1933, as amended from time to time,
and the rules and regulations of the Commission promulgated thereunder.
“Short Sales” means, all “short sales” as defined in Rule 200 promulgated under
Regulation SHO under the Exchange Act and forward sale contracts, options, puts,
calls, “put equivalent positions” (as defined in Rule 16a-1(h) under the
Exchange Act) and similar arrangements.
“STAHL Purchase Agreement” means the Share Purchase Agreement by and among
Konescranes Holding GmbH, Konescranes Finland Oy, KCI Holdings France S.A.,
Konescranes Holdings B.V., KCI Holding UK Limited, KCI Holding USA Inc.,
Konescranes Finance Oy, KCI Cranes Holdings (Singapore) Pte. Ltd., Columbus
McKinnon Dutch Holdings 3 B.V. and the Company, dated November 30, 2016.
“Subsidiary” means, as to any Person, any corporation or other entity of which:
(a) at least a majority of the outstanding equity interest having by the terms
thereof ordinary voting power to elect a majority of the board of directors or
similar governing body of such corporation or other entity (irrespective of
whether or not at the time any equity interest of any other class or classes of
such corporation or other entity shall have or might have voting power by reason
of the happening of any contingency) is at the time directly or indirectly owned
or controlled by such Person or one or more of its Subsidiaries; (b) such Person
or a Subsidiary of such Person is a general partner or, in the case of a

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limited liability company, the managing member or manager thereof; or (c) any
corporation or other entity as to which such Person consolidates for accounting
purposes.
“Tax Return” means any return, report or similar filing (including the attached
schedules) filed or required to be filed with respect to Taxes (and any
amendments thereto), including any information return, claim for refund or
declaration of estimated Taxes.
“Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings (including backup withholding), assessments, fees or other charges
imposed by any Governmental Authority, including any interest, additions to tax
or penalties applicable thereto.
“Third-Party Claim” has the meaning specified in Section 6.02(b).
“Total Funding Obligation” means the aggregate amount of Funding Obligations of
all of the Purchasers participating in the Closing.
“Trading Affiliates” has the meaning set forth in Section 4.07.
“Transaction Documents” means, collectively, this Agreement, the Registration
Rights Agreement and any and all other agreements or instruments executed and
delivered to the Purchasers by the Company hereunder or thereunder, as
applicable.
Section 1.02    Accounting Procedures and Interpretation. Unless otherwise
specified herein, all accounting terms used herein shall be interpreted, all
determinations with respect to accounting matters hereunder shall be made, and
all financial statements of the Company and certificates and reports as to
financial matters required to be furnished to the Purchasers hereunder shall be
prepared, in accordance with GAAP applied on a consistent basis during the
periods involved (except as may be indicated in the notes thereto or, in the
case of unaudited statements, as permitted by Form 10-Q promulgated by the
Commission) and in compliance as to form in all material respects with
applicable accounting requirements and with the published rules and regulations
of the Commission with respect thereto.
ARTICLE II    
AGREEMENT TO SELL AND PURCHASE
Section 2.01    Sale and Purchase.
(a)    Subject to the terms and conditions hereof, at the Closing, each
Purchaser hereby agrees to purchase from the Company the number of Common Shares
such that, when multiplying the number of Common Shares by the Common Share
Offering Price, the result is equal to the amount under the “Committed Common
Share Amount” column set forth opposite such Purchaser’s name on Schedule A,
with any fractional Common Shares being rounded to the nearest whole number of
Common Shares (collectively, the “Purchased Shares”).

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(b)    Subject to the terms and conditions hereof, at the Closing, the Company
hereby agrees to issue and sell to each Purchaser the Purchased Shares.
(c)    The Purchasers shall purchase the Purchased Shares for a cash purchase
price equal to the Common Share Offering Price per Common Share.
Section 2.02    Closing. The consummation of the purchase and sale of the
Purchased Shares hereunder (the “Closing”) shall take place (a) no earlier than
the latest of (i) January 30, 2017, (ii) the Business Day set forth in a notice
from the Company on which the Company believes with reasonable certainty that
the conditions set forth in Section 2.03, Section 2.04 and Section 2.05 will be
satisfied or waived in accordance with this Agreement and that the purchase and
sale of the Purchased Shares pursuant to Section 2.01 will be consummated
(provided that such Business Day shall be no earlier than five (5) Business Days
after receipt by the Purchasers of such notice, which notice period shall be
shortened to one (1) Business Day in the event such Business Day is April 28,
2017) and (iii) the day on which the conditions set forth in Section 2.03,
Section 2.04 and Section 2.05 (other than those conditions that by their nature
are to be satisfied at the Closing, but subject to the fulfillment or waiver of
those conditions) shall be satisfied or waived in accordance with this
Agreement, or (b) at such other time and place as the Company and the Purchasers
may agree. The Closing shall take place at the offices of DLA Piper LLP (US),
1251 Avenue of the Americas, New York, New York 10020-1104 (or such other
location as agreed to by the Company and the Purchasers).
Section 2.03    Mutual Conditions. The respective obligations of each party to
consummate the purchase and sale of the Purchased Shares at the Closing shall be
subject to the satisfaction, on or prior to the Closing Date, of each of the
following conditions (any or all of which may be waived by a party on behalf of
itself in writing, in whole or in part, to the extent permitted by applicable
Law):
(a)    no statute, rule, order, decree or regulation shall have been enacted or
promulgated, and no action shall have been taken, by any Governmental Authority
which temporarily, preliminarily or permanently restrains, precludes, enjoins or
otherwise prohibits the consummation of the transactions contemplated hereby or
makes the transactions contemplated hereby illegal;
(b)    there shall not be pending any suit, action or proceeding by any
Governmental Authority seeking to restrain, preclude, enjoin or prohibit the
transactions contemplated by this Agreement; and
(c)    the closing of the transactions contemplated by the STAHL Purchase
Agreement shall have occurred, or shall occur substantially concurrently with
the Closing; provided, that the closing of the transactions contemplated by the
STAHL Purchase Agreement shall be deemed to have occurred concurrently with the
Closing if such closing takes place on the immediately following Business Day.
Section 2.04    Conditions to Each Purchaser’s Obligations. The obligation of a
Purchaser to consummate its purchase of Purchased Shares shall be subject to the
satisfaction on or prior to the Closing Date of each of the following conditions
(any or all of which may be waived by the applicable Purchaser with respect to
itself in writing, in whole or in part, to the extent permitted by applicable
Law):

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(a)    the representations and warranties of the Company contained in this
Agreement shall be true and correct in all material respects (other than those
representations and warranties contained in Section 3.01, Section 3.02, Section
3.13(a), (b) or (c) or Section 3.17 or other representations and warranties that
are qualified by materiality or Material Adverse Effect, which, in each case,
shall be true and correct in all respects) when made and as of the Closing Date
(except that representations and warranties made as of a specific date shall be
required to be true and correct as of such date only);
(b)    the representation and warranty of the Company contained in Section 3.35,
at Closing, shall be true and correct in all respects;
(c)    the Company shall have performed and complied in all material respects
with all of the covenants and agreements contained in this Agreement that are
required to be performed or complied with by it on or prior to the Closing Date;
(d)    the conditions under the STAHL Purchase Agreement to the obligations of
the parties thereto to consummate the transactions contemplated thereby, other
than conditions that by their nature are to be satisfied at the closing of such
transactions, shall have been satisfied or waived, and the Company, after giving
effect to the consummation of the issuance and sale of Purchased Shares
hereunder, shall have sufficient available unrestricted cash or other available
liquidity to consummate such transactions substantially concurrently with the
Closing as contemplated by Section 2.03(c);
(e)    the Purchased Shares shall have been duly listed, subject to notice of
issuance, on NASDAQ;
(f)    no notice of delisting from NASDAQ shall have been received by the
Company with respect to the Common Shares; and
(g)    the Company shall have delivered, or caused to be delivered, to the
Purchaser the Company’s closing deliveries described in Section 2.06(a), as
applicable.
Section 2.05    Conditions to the Company’s Obligations. The obligation of the
Company to consummate the sale and issuance of the Purchased Shares to each
Purchaser shall be subject to the satisfaction on or prior to the Closing Date
of each of the following conditions (any or all of which may be waived by the
Company in writing, in whole or in part, to the extent permitted by applicable
Law):
(a)    the representations and warranties of such Purchaser contained in this
Agreement shall be true and correct in all material respects (other than those
representations and warranties that are qualified by materiality, which, in each
case, shall be true and correct in all respects) when made and as of the Closing
Date (except that representations and warranties made as of a specific date or
for a specific period shall be required to be true and correct as of such date
or for such specific period only);

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(b)    such Purchaser shall have performed and complied in all material respects
with all of the covenants and agreements contained in this Agreement that are
required to be performed or complied with by it on or prior to the Closing Date;
and
(c)    such Purchaser shall have delivered, or caused to be delivered, to the
Company the Purchaser’s closing deliveries described in Section 2.06(b), as
applicable.
Section 2.06    Deliveries at the Closing.
(a)    Deliveries of the Company. At the Closing, the Company shall deliver, or
cause to be delivered, to the Purchasers:
(i)    An opinion from DLA Piper LLP (US), counsel for the Company,
substantially in the form attached hereto as Exhibit A, which shall be addressed
to the Purchasers and dated the Closing Date;
(ii)    An counterpart of the Registration Rights Agreement, which shall have
been duly executed by the Company;
(iii)    A fully executed “Supplemental Listing Application” approving the
Purchased Shares for listing by NASDAQ;
(iv)    Evidence of issuance of the Purchased Shares credited to book-entry
accounts maintained by the transfer agent of the Company, bearing a restrictive
notation meeting the requirements of the Securities Act, free and clear of any
Liens, other than transfer restrictions under this Agreement and applicable
federal and state securities Laws and those created by the Purchasers;
(v)    A certificate of the Secretary or Assistant Secretary of the Company, on
behalf of the Company, dated the Closing Date, certifying as to and attaching
(A) the certificate of incorporation of the Company, (B) the bylaws of the
Company, (C) board resolutions authorizing the execution and delivery of the
Transaction Documents and the consummation of the transactions contemplated
thereby, including the issuance of the Purchased Shares, and (D) the incumbency
of the officers authorized to execute the Transaction Documents on behalf of the
Company setting forth the name and title and bearing the signatures of such
officers;
(vi)    A certificate of the Secretary of State of each applicable state, dated
within ten (10) Business Days prior to the Closing Date, to the effect that each
of the Company and its Material Subsidiaries is in good standing in its
jurisdiction of formation;
(vii)    A certificate of the Chief Financial Officer and the Treasurer of the
Company, on behalf of the Company, dated the Closing Date, certifying, in their
applicable capacities, to the effect that the conditions set forth in Section
2.03(c), Section 2.04(a), Section 2.04(b), 2.04(c)and 2.04(d) have been
satisfied;

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(viii)    A cross-receipt executed by the Company and delivered to the
Purchasers certifying as to the amounts that it has received from the
Purchasers; and
(ix)    Such other documents relating to the transactions contemplated by this
Agreement as the Purchasers or their respective counsel may reasonably request.
(b)    Deliveries of Each Purchaser. At the Closing, each Purchaser shall
deliver or cause to be delivered to the Company:
(i)    A counterpart of the Registration Rights Agreement, which shall have been
duly executed by such Purchaser;
(ii)    A cross-receipt executed by such Purchaser and delivered to the Company
certifying that it has received from the Company the number of Purchased Shares
to be received by such Purchaser in connection with the Closing;
(iii)    Payment of such Purchaser’s Funding Obligation payable by wire transfer
of immediately available funds to an account designated in advance of the
Closing Date by the Company;
(iv)    A properly executed Internal Revenue Service Form W-9 from such
Purchaser; and
(v)    Such other documents relating to the transactions contemplated by this
Agreement as the Company or its counsel may reasonably request.
Section 2.07    Independent Nature of Purchasers’ Obligations and Rights. The
obligations of each Purchaser under any Transaction Document are several and not
joint with the obligations of any other Purchaser, and no Purchaser shall be
responsible in any way for the performance of the obligations of any other
Purchaser under any Transaction Document. The failure of any Purchaser to
perform, or waiver by the Company of such performance, under any Transaction
Document shall not excuse performance by any other Purchaser or the Company, and
the waiver by any Purchaser of performance of the Company under any Transaction
Document shall not excuse performance by the Company with respect to any other
Purchaser. Nothing contained herein or in any other Transaction Document, and no
action taken by any Purchaser pursuant thereto, shall be deemed to constitute
the Purchasers as a partnership, an association, a joint venture or any other
kind of entity, or create a presumption that the Purchasers are in any way
acting in concert or as a group with respect to such obligations or the
transactions contemplated by the Transaction Documents. Each Purchaser shall be
entitled to independently protect and enforce its rights, including the rights
arising out of this Agreement or out of the other Transaction Documents, and it
shall not be necessary for any other Purchaser to be joined as an additional
party in any proceeding for such purpose.
Section 2.08    Repurchase of Purchased Shares. If the closing of the
transactions contemplated by the STAHL Purchase Agreement fails to occur for any
reason within one (1) Business Day after the Closing, then on the second
Business Day after Closing the Company shall repurchase all of the Purchased
Shares previously issued and sold to each Purchaser pursuant to Section 2.01(b)
for the same purchase price paid by each Purchaser pursuant to Section 2.01(c).

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Section 2.09    Further Assurances. From time to time after the date hereof,
without further consideration, the Company shall use its commercially reasonable
efforts to take, or cause to be taken, all actions necessary or appropriate to
consummate the transactions contemplated by this Agreement.
ARTICLE III    
REPRESENTATIONS AND WARRANTIES AND
COVENANTS RELATED TO THE COMPANY
The Company represents and warrants to and covenants with the Purchasers as
follows:
Section 3.01    Existence, Qualification and Power. Each of the Company Entities
(a) is duly organized or formed, validly existing and, as applicable, in good
standing under the Laws of the jurisdiction of its incorporation or
organization, (b) has all requisite power and authority and all requisite
governmental licenses, authorizations, consents and approvals to (i) own or
lease its assets and carry on its business and (ii) execute, deliver and perform
its obligations under this Agreement to which it is a party, and (c) is duly
qualified and is licensed and, as applicable, in good standing under the Laws of
each jurisdiction where its ownership, lease or operation of properties or the
conduct of its business requires such qualification or license; except in each
case referred to in clause (b)(i) or (c), to the extent that failure to do so
could not reasonably be expected to have a Material Adverse Effect.
Section 3.02    Capitalization and Valid Issuance of Securities.
(a)    As of the date hereof (a) the authorized capital stock of the Company is
51,000,000 shares, of which 50,000,000 shares, par value $0.01 per share, are
designated as common shares and of which 1,000,000 shares, par value $1.00 per
share, are designated as preferred shares (of which 50,000 shares have been
designated as Series A Junior Participating Preferred Shares); (b) the number of
shares of capital stock issued and outstanding is 20,232,706 shares of voting
common stock; (c) the number of shares of capital stock issuable pursuant to the
Company’s stock plans (including the 2016 Long-Term Incentive Plan) is 2,000,000
including shares not previously authorized for issuance under any of the
Company’s prior stock plans and any shares not issued or subject to outstanding
awards under such prior plans, of which 1,527,030 shares remain available for
future grants; and (d) the number of shares of capital stock issuable and
reserved for issuance pursuant to securities exercisable for, or convertible
into or exchangeable for any shares of capital stock of the Company is nil. All
of the issued and outstanding shares of the Company’s capital stock have been
duly authorized and validly issued and are fully paid and nonassessable and were
issued in compliance with applicable state and federal securities law and any
rights of third parties.
(b)    The Purchased Shares have been, or prior to the Closing will be, duly and
validly authorized and, when issued and paid for pursuant to this Agreement,
will be validly issued, fully paid and nonassessable, and shall be free and
clear of all Liens and restrictions on transfer, except for restrictions on
transfer set forth in the Transaction Documents or imposed by applicable
securities laws.

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(c)    No Person is entitled to pre-emptive or similar statutory or contractual
rights with respect to any securities of the Company Entities. There are no
outstanding warrants, options, convertible securities or other rights,
agreements or arrangements of any character under which any Company Entity is or
may be obligated to issue any equity securities of any kind, other than options
granted under the Company’s stock plans (including the 2016 Long-Term Incentive
Plan) and prior stock plans. There are no voting agreements, buy-sell
agreements, option or right of first purchase agreements or other agreements of
any kind among the Company and any of the securityholders of the Company
relating to the securities of the Company held by them. Other than the
Registration Rights Agreement, no Person has the right to require the Company to
register any securities of the Company under the Securities Act, whether on a
demand basis or in connection with the registration of securities of the Company
for its own account or for the account of any other Person. The issuance and
sale of the Purchased Shares hereunder will not obligate the Company to issue
Common Shares or other securities to any other Person (other than the
Purchasers) and will not result in the adjustment of the exercise, conversion,
exchange or reset price of any outstanding security. Other than pursuant to the
Preferred Share Purchase Rights Plan adopted on May 18, 2009, the Company does
not have outstanding stockholder purchase rights or “poison pill” or any similar
arrangement in effect giving any Person the right to purchase any equity
interest in the Company upon the occurrence of certain events.
Section 3.03    Ownership of the Material Subsidiaries. All of the outstanding
shares of capital stock or other equity interests of each Material Subsidiary
owned directly or indirectly by the Company (a) have been validly issued and are
fully paid and nonassessable, and (b) except as disclosed in the Company SEC
Documents, are wholly-owned, directly or indirectly, by the Company, free and
clear of all Liens, except for Liens under the Company’s existing debt
arrangements and the debt arrangements contemplated by the Debt Commitment
Letter and for restrictions on transferability in the Organizational Documents
of such Material Subsidiary.
Section 3.04    Company SEC Documents. Since March 31, 2016, the Company’s
forms, registration statements, reports, schedules and statements required to be
filed by it under the Exchange Act have been filed with the Commission on a
timely basis. The Company SEC Documents, at the time filed (or in the case of
registration statements, solely on the dates of effectiveness), except to the
extent corrected by a subsequent Company SEC Document, (a) did not contain any
untrue statement of a material fact or omit to state a material fact required to
be stated therein or necessary in order to make the statements therein, in light
of the circumstances under which they were made in the case of any such
documents other than a registration statement, not misleading and (b) complied
as to form in all material respects with the applicable requirements of the
Exchange Act and the Securities Act, as the case may be.
Section 3.05    Financial Statements.
(a)    The historical financial statements (including the related notes and
supporting schedule) contained or incorporated by reference in the Company SEC
Documents (i) comply as to form in all material respects with the applicable
accounting requirements under the Securities Act and the Exchange Act (except
that certain supporting schedules are omitted), (ii) fairly present the
financial condition of the Company and its Subsidiaries as of the date thereof
and their results of operations for the respective periods and (iii) have been
prepared in accordance with GAAP consistently applied throughout the periods
involved, in each case except to the extent disclosed therein. The other
financial information of the Company Entities, including non-GAAP financial
measures, if any, contained or incorporated by reference in the Company SEC
Documents has been derived from the accounting records of the Company

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Entities, and fairly presents in all material respects the information purported
to be shown thereby. Nothing has come to the attention of the Company that has
caused it to believe that the statistical and market-related data included in
the Company SEC Documents is not based on or derived from sources that are
reliable and accurate in all material respects as of the date on which the
applicable Company SEC Documents were filed.
(b)    Since the date of the most recent balance sheet of the Company audited by
the Company’s auditor, (i) the interactive data in eXtensible Business Reporting
Language included or incorporated by reference in the Company SEC Documents
fairly presents the information called for in all material respects and has been
prepared in accordance with the Commission’s rules and guidelines applicable
thereto in all material respects and (ii) to the best knowledge of the Company,
the Company is not aware of any material weakness in, or fraud that involves
management or other employees who have a significant role in, the Company’s
internal controls over financial reporting.
Section 3.06    Independent Registered Public Accounting Firm. Ernst & Young
LLP, which has audited the financial statements contained or incorporated by
reference in the Company SEC Documents, is an independent registered public
accounting firm with respect to the Company within the meaning of the Securities
Act and the applicable rules and regulations thereunder adopted by the
Commission and the Public Company Accounting Oversight Board (United States).
Ernst & Young LLP has not resigned or been dismissed as independent registered
public accountants of the Company as a result of or in connection with any
disagreement with the Company or any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedure.
Section 3.07    No Material Adverse Change. Since March 31, 2016, except as
described in the Company SEC Documents (excluding any disclosures that are
forward-looking in nature), there has been no event or circumstance, either
individually or in the aggregate, that has had a Material Adverse Effect.
Section 3.08    No Registration Required. Assuming the accuracy of the
representations and warranties of the applicable Purchaser contained in Article
IV, the issuance and sale of the Purchased Shares to such Purchaser pursuant to
this Agreement is exempt from registration requirements of the Securities Act,
and neither the Company nor, to the Company’s knowledge, any Person acting on
its behalf, has taken nor will take any action hereafter that would cause the
loss of such exemption.
Section 3.09    No Restrictions or Registration Rights. There are no
restrictions upon the voting or transfer of, any Common Shares arising under the
Company’s Organizational Documents or the NYBCL. Neither the offering nor sale
of the Purchased Shares as contemplated by this Agreement gives rise to any
rights for or relating to the registration of any Purchased Shares or other
securities of the Company. The Company has not granted registration rights to
any Person other than the Purchasers that would provide such Person priority
over the Purchasers’ rights with respect to any piggyback registration.

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Section 3.10    Litigation. Except as described in the Company SEC Documents
(excluding any disclosures that are forward-looking in nature), there are no
actions, suits, proceedings, claims or disputes pending or, to the knowledge of
the Company, threatened or contemplated, at law, in equity, in arbitration or
before any Governmental Authority, by or against any of the Company Entities or
against any of their properties or revenues, or before or by any self-regulatory
organization or other non-government regulatory authority (including, without
limitation, NASDAQ), that (a) purport to affect or pertain to this Agreement or
any other Transaction Document, or any of the transactions contemplated hereby
or thereby, or (b) either individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect.
Section 3.11    Compliance with Law. The Company and each Subsidiary thereof is
in compliance in all material respects with the requirements of all Laws, and
any rule or regulation of any self-regulatory organization or other
non-governmental regulatory authority (including, without limitation, the rules
and regulations of NASDAQ), and all orders, writs, injunctions and decrees
applicable to it or to its properties, except in such instances in which (a)
such requirement of Law or order, writ, injunction or decree is being contested
in good faith by appropriate proceedings diligently conducted or (b) the failure
to comply therewith, either individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect.
Section 3.12    No Conflicts. The issuance and sale by the Company of the
Purchased Shares, the application of the proceeds thereof, the execution,
delivery and performance of the Transaction Documents and the consummation of
the transactions contemplated thereby by each Company Entity do not and will not
(a) contravene the terms of any of such Person’s Organizational Documents; (b)
conflict with or result in any breach or contravention of, or the creation of
any Lien under, or require any payment to be made under (i) any provision of any
security issued by such Person or of any agreement, instrument or other
undertaking to which such Person is a party or by which it or any of its
property is bound or (ii) any order, injunction, writ or decree of any
Governmental Authority or any arbitral award to which such Person or its
property is subject; or (c) violate any Law or any rule or regulation of any
self-regulatory organization or other non-governmental regulatory authority
(including, without limitation, the rules and regulations of NASDAQ), except in
the case of clauses (b) and (c) for such violations which could not reasonably
be expected, individually or in the aggregate, to have a Material Adverse
Effect.
Section 3.13    Authority; Enforceability.
(a)    The execution, delivery and performance by the Company of each the
Transaction Documents have been duly authorized by all necessary corporate
action. The Company has all requisite power and authority to issue, sell and
deliver the Purchased Shares, in accordance with and upon the terms and
conditions set forth in this Agreement. On or prior to the Closing Date, all
action required to be taken by the Company for the authorization, issuance, sale
and delivery of the Purchased Shares, the execution and delivery of the
Transaction Documents and the consummation of the transactions contemplated
thereby shall have been validly taken. No approval from the holders of
outstanding Common Shares is required under the Organizational Documents of the
Company or the rules of NASDAQ in connection with the Company’s issuance and
sale of the Purchased Shares to the Purchasers.

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(b)    Each of the Transaction Documents has been or, when delivered hereunder,
will have been, duly executed and delivered by the Company. Each of the
Transaction Documents constitutes, or will constitute, a legal, valid and
binding obligation of the Company, enforceable in accordance with its terms;
provided that, with respect to each such agreement, the enforceability thereof
may be limited by applicable bankruptcy, insolvency, fraudulent transfer,
reorganization, moratorium or similar Laws from time to time in effect affecting
the enforcement of creditors’ rights and remedies generally and by general
principles of equity (regardless of whether such principles are considered in a
proceeding in equity or at law).
(c)    Subject to the accuracy of the representations and warranties of each
Purchaser set forth in Article IV hereof, the Company has taken all action
necessary to exempt from the registration requirements of the Securities Act the
issuance and sale of the Purchased Shares. The Company has taken, or prior to
Closing will take, all action reasonably necessary to exempt the Purchasers from
the provisions of any stockholder rights plan or other “poison pill”
arrangement, any anti-takeover, business combination or control share law or
statute binding on the Company or to which the Company or any of its assets and
properties may be subject and any provision of the Company’s Organizational
Documents that is or would reasonably be expected to become applicable to the
Purchasers as a result of the transactions contemplated hereby, including
without limitation, the issuance of the Purchased Shares and the ownership,
disposition or voting of the Purchased Shares by the Purchasers or the exercise
of any right granted to the Purchasers pursuant to this Agreement or the other
Transaction Documents.
(d)    As of the date of this Agreement, the STAHL Purchase Agreement and the
Debt Commitment Letter are in full force and effect and constitute the legal,
valid and binding obligation of the Company and its Subsidiaries, as applicable,
enforceable in accordance with its terms; provided that, with respect to each
such agreement, the enforceability thereof may be limited by applicable
bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or
similar Laws from time to time in effect affecting the enforcement of creditors’
rights and remedies generally and by general principles of equity (regardless of
whether such principles are considered in a proceeding in equity or at law).
Section 3.14    Approvals. No approval, consent, exemption, authorization, or
other action by, or notice to, or filing with, any Governmental Authority or any
other Person (each, a “Consent”), is necessary or required in connection with
the issuance and sale of the Purchased Shares by the Company, the execution,
delivery and performance of this Agreement and the other Transaction Documents
by the Company and the consummation by the Company of the transactions
contemplated hereby or thereby, other than Consents (a)  required by the
Commission in connection with the Company’s obligations under the Registration
Rights Agreement, (b) required under the state securities or “blue sky” Laws,
(c) that have been, or prior to the Closing Date will have been, duly obtained,
taken, given or made and are in full force and effect, and (d) Consents, the
failure of which to obtain or make would not reasonably be expected to have a
Material Adverse Effect.

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Section 3.15    Distribution Restrictions. No Company Entity is currently
prohibited, or as a result of the transactions contemplated by this Agreement,
will be prohibited, directly or indirectly, from making distributions with
respect to its equity securities, from repaying to any other Company Entity any
loans or advances or from transferring any property or assets to the Company or
any other Company Entity, except as described in the Company’s most recent
Annual Report on Form 10-K or as contemplated by the Debt Commitment Letter with
respect to the debt facilities committed thereby.
Section 3.16    Investment Company Status. None of the Company Entities is, and
immediately after the sale of the Purchased Shares hereunder and the application
of the net proceeds from such sale none of the Company Entities will be,
required to be registered as an “investment company” under the Investment
Company Act of 1940, as amended.
Section 3.17    Certain Fees. No broker, finder or investment banker is entitled
to any brokerage, finder’s or other fee or commission from the Purchasers with
respect to the sale of any of the Purchased Shares or the consummation of the
transactions contemplated by this Agreement based upon arrangements made by or
on behalf of any Company Entities. The Company agrees that it will indemnify and
hold harmless the Purchasers from and against any and all claims, demands, or
liabilities for broker’s, finder’s, placement, or other similar fees or
commissions incurred by the Company Entities or alleged to have been incurred by
the Company Entities in connection with the sale of the Purchased Shares or the
consummation of the transactions contemplated by this Agreement.
Section 3.18    Insurance. The properties of the Company and its Subsidiaries
are insured with financially sound and reputable insurance companies not
Affiliates of the Company, in such amounts (after giving effect to any insurance
coverage from CM Insurance Company, Inc. compatible with the following
standards) with such deductibles and covering such risks as are customarily
carried by companies engaged in similar businesses and owning similar properties
in localities where the Company or the applicable Subsidiary operates.
Section 3.19    Internal Controls. Except as described in the Company SEC
Documents, to the Company’s knowledge, the Company Entities, taken as a whole,
maintain a system of internal accounting controls sufficient to provide
reasonable assurance that (a) transactions are executed in accordance with
management’s general or specific authorization, (b) transactions are recorded as
necessary to permit preparation of financial statements in conformity with GAAP
and to maintain accountability for assets, (c) access to assets is permitted
only in accordance with management’s general or specific authorization and
(d) the recorded accountability for assets is compared with existing assets at
reasonable intervals and appropriate action is taken with respect to any
differences.
Section 3.20    Disclosure Controls and Procedures. (a) To the extent required
by Rule 13a-15 under the Exchange Act, each of the Company Entities has
established and maintains disclosure controls and procedures (to the extent
required by and as such term is defined in Rule 13a-15(e) under the Exchange
Act), (b) such disclosure controls and procedures are designed to provide
reasonable assurance that that the information required to be disclosed by the
Company in the reports to be filed or submitted under the Exchange Act is
accumulated and communicated to management of the Company, as appropriate, to
allow timely decisions regarding required disclosure to be made and (c) to the
extent required by Rule 13a-15 under the Exchange Act, such disclosure controls
and procedures are effective in all material respects to perform the functions
for which they were established.

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Section 3.21    Sarbanes-Oxley. The Company is in compliance in all material
respects with all applicable provisions of the Sarbanes-Oxley Act of 2002 and
the rules and regulations promulgated in connection therewith.
Section 3.22    Listing and Maintenance Requirements. The Common Shares are
listed on NASDAQ, and the Company has not received any notice of, nor taken any
action designed to, or likely to have the effect of, delisting. The Company is
in compliance in all material respects with the listing and listing maintenance
requirements of NASDAQ applicable to it for the continued trading of its Common
Shares on NASDAQ. The issuance and sale of the Purchased Shares do not
contravene NASDAQ rules and regulations.
Section 3.23    Environmental Compliance. Except as described in Company SEC
Documents, each Company Entity conducts in the ordinary course of business a
review of the effect of existing Environmental Laws and claims alleging
potential liability or responsibility for violation of any Environmental Law on
their respective businesses, operations and properties, and as a result thereof
the Company has reasonably concluded that, such Environmental Laws and claims
could not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect.
Section 3.24    ERISA Compliance.
(a)    Each Plan is in compliance in all material respects with the applicable
provisions of ERISA, the Code and other federal or state Laws. Each Pension Plan
that is intended to be a qualified plan under Section 401(a) of the Code has
received a favorable determination letter from the Internal Revenue Service to
the effect that the form of such Plan is qualified under Section 401(a) of the
Code and the trust related thereto has been determined by the Internal Revenue
Service to be exempt from federal income tax under Section 501(a) of the Code,
or an application for such a letter is currently being processed by the Internal
Revenue Service. To the best knowledge of the Company, nothing has occurred that
would prevent or cause the loss of, such tax-qualified status.
(b)    There are no pending or, to the best knowledge of the Company, threatened
claims, actions or lawsuits, or action by any Governmental Authority, with
respect to any Plan that could reasonably be expected to have a Material Adverse
Effect. There has been no prohibited transaction or violation of the fiduciary
responsibility rules with respect to any Plan that has resulted or could
reasonably be expected to result in a Material Adverse Effect.
(c)    Except as could not reasonably be expected, either individually or in the
aggregate, to have a Material Adverse Effect, (i) no ERISA Event has occurred,
and neither the Company nor any ERISA Affiliate is aware of any fact, event or
circumstance that could reasonably be expected to constitute or result in an
ERISA Event with respect to any Pension Plan; (ii) the Company and each ERISA
Affiliate have met all applicable requirements under the Pension Funding Rules
in respect of each Pension Plan, and no waiver of the minimum funding standards
under the Pension Funding Rules has been applied for or obtained; (iii) as of
the most recent valuation date for any Pension Plan, the funding target
attainment percentage (as defined in Section 430(d)(2) of the Code) is 60% or
higher and neither the Company nor any ERISA Affiliate knows of any facts or
circumstances that could reasonably be expected to cause the funding target
attainment percentage for any such plan to drop below 60% as of the most recent
valuation date; (iv) except as described in Company SEC Documents, neither the
Company nor any ERISA Affiliate has incurred any liability to the PBGC other
than for the payment of premiums, and there are no premium payments which have
become due that are unpaid; (v) neither the Company nor any ERISA Affiliate has
engaged in a transaction that could be subject to Section 4069 or Section
4212(c)

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of ERISA; and (vi) no Pension Plan has been terminated by the plan administrator
thereof nor by the PBGC, and no event or circumstance has occurred or exists
that could reasonably be expected to cause the PBGC to institute proceedings
under Title IV of ERISA to terminate any Pension Plan.
(d)    Except as described in Company SEC Documents, neither the Company or any
ERISA Affiliate maintains or contributes to, or has any unsatisfied obligation
to contribute to, or liability under, any active or terminated Pension Plan.
(e)    With respect to each scheme or arrangement mandated by a government other
than the United States (a “Foreign Government Scheme or Arrangement”) and with
respect to each employee benefit plan maintained or contributed to by the
Company or any Subsidiary of the Company that is not subject to United States
Law (a “Foreign Plan”):
(i)    any employer and employee contributions required by Law or by the terms
of any Foreign Government Scheme or Arrangement or any Foreign Plan have been
made, or, if applicable, accrued, in accordance with normal accounting
practices;
(ii)    the fair market value of the assets of each funded Foreign Plan, the
liability of each insurer for any Foreign Plan funded through insurance or the
book reserve established for any Foreign Plan, together with any accrued
contributions, is sufficient to procure or provide for the accrued benefit
obligations with respect to all current and former participants in such Foreign
Plan according to the actuarial assumptions and valuations most recently used to
account for such obligations in accordance with applicable generally accepted
accounting principles; and
(iii)    each Foreign Plan required to be registered has been registered and has
been maintained in good standing with applicable regulatory authorities.
Section 3.25    Tax Returns; Taxes. The Company and its Subsidiaries have filed
all Federal, state and other material Tax returns and reports required to be
filed, and have paid all Taxes, assessments, fees and other governmental charges
levied or imposed upon them or their properties, income or assets otherwise due
and payable, except those which are being contested in good faith by appropriate
proceedings diligently conducted and for which adequate reserves have been
provided in accordance with GAAP. As of the date hereof, no Tax Lien has been
filed against the Company, any Subsidiary, or any assets of either that could
reasonably be expected to have a Material Adverse Effect. There is no proposed
tax assessment against the Company or any Subsidiary that would, if made, have a
Material Adverse Effect. Neither the Company nor any Subsidiary thereof is party
to any tax sharing agreement.

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Section 3.26    Required Disclosures and Descriptions. There are no legal or
governmental actions, suits or proceedings (including an audit or examination by
any taxing authority) pending or, to the knowledge of the Company Entities,
threatened, against any of the Company Entities, or to which any of the Company
Entities is a party, or to which any of their respective properties is subject,
that are required to be described in the Company SEC Documents but are not
described as required, and there are no Contracts that are required to be
described in the Company SEC Documents or to be filed as an exhibit to the
Company SEC Documents that are not described or filed as required by the
Securities Act or the Exchange Act.
Section 3.27    Title to Property. The Company Entities have good and marketable
title to, or valid, subsisting and enforceable leasehold interests in all
property material to its business and described in the Company SEC Documents as
being owned or leased by any of them, free and clear of all Liens, except for
(a) Liens that do not materially affect the value of such property and do not
materially interfere with the use made or proposed to be made of such property
by the Company Entities and (b) Liens as are described in the Company SEC
Documents.
Section 3.28    Shell Company Status. The Company is not, and has never been, an
issuer identified in Rule 144(i)(1).
Section 3.29    Form S-3 Eligibility. As of the date hereof, the Company is
eligible to register the Purchased Shares for resale by the Purchasers under
Form S-3 promulgated under the Securities Act.
Section 3.30    Anti-Corruption Laws and Sanctions. The Company has implemented
and maintains in effect policies and procedures designed to ensure compliance by
the Company, its Subsidiaries and their respective directors, officers,
employees and agents with Anti-Corruption Laws and applicable Sanctions, and the
Company, its Subsidiaries and their respective officers and employees, and to
the knowledge of the Company, its directors and agents, are in compliance with
Anti-Corruption Laws and applicable Sanctions in all material respects and are
not knowingly engaged in any activity that would reasonably be expected to
result in the Company being designated as a Sanctioned Person. None of (a) the
Company, any Subsidiary or any of their respective directors, officers or
employees, or (b) to the knowledge of the Company, any agent of the Company or
any Subsidiary that will act in any capacity in connection with or benefit from
the transactions contemplated by this Agreement, is a Sanctioned Person. No use
of proceeds or other transaction contemplated by this Agreement will violate
Anti-Corruption Laws or applicable Sanctions.
Section 3.31    No Side Agreements. As of the date hereof, there are no binding
agreements by, among or between the Company or any of its Affiliates, on the one
hand, and any Purchaser or any of its Affiliates, on the other hand, with
respect to the transactions contemplated hereby other than the Transaction
Documents.

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Section 3.32    No Directed Selling Efforts or General Solicitation. Neither the
Company nor any Person acting on its behalf has conducted any general
solicitation or general advertising (as those terms are used in Regulation D of
the Securities Act) in connection with the offer or sale of any of the Purchased
Shares.
Section 3.33    No Integrated Offering. Neither the Company nor any of its
Affiliates, nor any Person acting on its or their behalf has, directly or
indirectly, made any offers or sales of any Company security or solicited any
offers to buy any security, under circumstances that would adversely affect
reliance by the Company on Section 4(a)(2) of the Securities Act for the
exemption from registration for the transactions contemplated hereby or would
require registration of the Purchased Shares under the Securities Act.
Section 3.34    Rule 506 Compliance. Assuming the accuracy of the
representations and warranties of the Purchasers set forth in Section 4 hereof,
to the Company Entities’ knowledge, neither the Company nor any director,
executive officer, other officer of the Company participating in the offering,
any beneficial owner of 20% or more of the Company’s outstanding voting equity
securities (calculated on the basis of voting power) and any promoter connected
with the Company in any capacity on the date hereof, is subject to any of the
“Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the
Securities Act (a “Disqualification Event”), except for a Disqualification Event
covered by Rule 506(d)(2)(i) or (d)(3) under the Securities Act. The Company is
not disqualified from relying on Rule 506 of Regulation D under the Securities
Act for any of the reasons stated in Rule 506(d) under the Securities Act in
connection with the issuance and sale of the Purchased Shares to the Purchasers
pursuant to this Agreement. The Company has exercised reasonable care, including
without limitation, conducting a factual inquiry that is appropriate in light of
the circumstances, into whether any such disqualification under Rule 506(d)
under the Securities Act exists. The Company has furnished to each Purchaser, a
reasonable time prior to the date hereof, a description in writing of any
matters relating to the Company, any director, executive officer, other officer
of the Company participating in the offering, any beneficial owner of 20% or
more of the Company’s outstanding voting equity securities (calculated on the
basis of voting power) and any promoter connected with the Company in any
capacity on the date hereof that would have triggered disqualification under
Rule 506(d) under the Securities Act but which occurred before September 23,
2013, in each case, in compliance with the disclosure requirements of Rule
506(e) under the Securities Act. The Company has exercised reasonable care,
including without limitation, conducting a factual inquiry that is appropriate
in light of the circumstances, into whether any such disqualification under Rule
506(d) under the Securities Act would have existed and whether any disclosure is
required to be made to Purchaser under Rule 506(e) under the Securities Act. Any
outstanding securities of the Company (of any kind or nature) that were issued
in reliance on Rule 506 under the Securities Act at any time on or after
September 23, 2013 have been issued in compliance with Rule 506(d) and (e) under
the Securities Act.
Section 3.35    Repurchase of Purchased Shares. The Company is not prohibited by
Law or Contract (including under its existing debt arrangements or the debt
arrangements contemplated by the Debt Commitment Letter) from repurchasing all
the Purchased Shares if the closing of the transactions contemplated by the
STAHL Purchase Agreement fails to occur for any reason within one (1) Business
Day after the Closing, as contemplated by Section 2.08. The Company is not
prohibited from making and, after giving effect to the issuance to the
Purchasers of the Purchased Shares and the receipt by the Company of the
aggregate Common Share Offering Price therefor from the Purchasers will have
sufficient available unrestricted cash or other available liquidity to make,
such repurchase.

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ARTICLE IV    
REPRESENTATIONS AND WARRANTIES AND
COVENANTS OF THE PURCHASERS
Each of the Purchasers, severally but not jointly, represents and warrants and
covenants to the Company as follows:
Section 4.01    Existence. Such Purchaser is duly organized and validly existing
and in good standing under the Laws of its jurisdiction of organization or
formation, with all necessary power and authority to own and operate its
properties and to conduct its business as currently conducted.
Section 4.02    Authorization, Enforceability. Such Purchaser has all necessary
corporate, limited liability company, trust or partnership power and authority
to execute, deliver and perform its obligations under the Transaction Documents
to which it is a party. The execution, delivery and performance of such
Transaction Documents by such Purchaser and the consummation by it of the
transactions contemplated thereby have been duly and validly authorized by all
necessary legal action, and no further consent or authorization of such
Purchaser or any other Person is required. Each of the Transaction Documents to
which such Purchaser is a party has been duly executed and delivered by such
Purchaser, where applicable, and constitutes a legal, valid and binding
obligation of such Purchaser; provided that, with respect to each such
agreement, the enforceability thereof may be limited by applicable bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium or similar Laws from
time to time in effect affecting the enforcement of creditors’ rights and
remedies generally and by general principles of equity (regardless of whether
such principles are considered in a proceeding in equity or at law).
Section 4.03    No Breach. The execution, delivery and performance of the
Transaction Documents to which such Purchaser is a party by such Purchaser and
the consummation by such Purchaser of the transactions contemplated thereby will
not (a) conflict with or result in a breach or violation of any of the terms or
provisions of, or constitute a default under, any material agreement to which
such Purchaser is a party or by which such Purchaser is bound or to which any of
the property or assets of such Purchaser is subject, (b) conflict with or result
in any violation of the provisions of the Organizational Documents of such
Purchaser, or (c) violate any Law of any Governmental Authority or body having
jurisdiction over such Purchaser or the property or assets of such Purchaser,
except in the case of clauses (a) and (c), for such conflicts, breaches,
violations or defaults as would not prevent the consummation of the transactions
contemplated by such Transaction Documents.
Section 4.04    Certain Fees. No fees or commissions are or will be payable by
such Purchaser to brokers, finders or investment bankers with respect to the
purchase of any of the Purchased Shares or the consummation of the transactions
contemplated by this Agreement, except for fees or commissions for which the
Company is not responsible. Such Purchaser agrees that it will indemnify and
hold harmless the Company from and against any and all claims, demands, or
liabilities for broker’s, finder’s, placement, or other similar fees or
commissions incurred by such Purchaser or alleged to have been incurred by such
Purchaser in connection with the purchase of the Purchased Shares or the
consummation of the transactions contemplated by this Agreement.

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Section 4.05    Unregistered Securities.
(a)    Accredited Purchaser Status; Sophisticated Purchaser. Such Purchaser is
(a) an “accredited investor” within the meaning of Rule 501(a) (1), (2), (3) or
(7) under the Securities Act, as amended, and (b) an Institutional Account as
defined in FINRA Rule 4512(c) and (c) a sophisticated institutional investor,
experienced in investing in private equity transactions and capable of
evaluating investment risks independently, both in general and with regard to
all transactions and investment strategies involving a security or securities,
including such Purchaser’s participation in the transactions contemplated
hereby. Such Purchaser has determined based on its own independent review and
such professional advice as it deems appropriate that its purchase of the
Purchased Shares and participation in the transactions contemplated hereby (i)
are fully consistent with its financial needs, objectives and condition, (ii)
comply and are fully consistent with all investment policies, guidelines and
other restrictions applicable to such Purchaser, (iii) have been duly authorized
and approved by all necessary action, (iv) do not and will not violate or
constitute a default under such Purchaser’s charter, by-laws or other
constituent document or under any law, rule, regulation, agreement or other
obligation by which it is bound and (v) are a fit, proper and suitable
investment for such Purchaser, notwithstanding the substantial risks inherent in
investing in or holding the Purchased Shares. Such Purchaser is able to bear the
substantial risks associated with its purchase of the Purchased Shares,
including but not limited to loss of its entire investment therein.
(b)    Information. Such Purchaser and its Representatives have (i) received,
reviewed and understood the offering materials made available to it in
connection with the transactions contemplated hereby, (ii) had the opportunity
to ask questions of and receive answers from the Company directly, (iii)
conducted and completed its own independent due diligence with respect to the
transactions contemplated hereby and (iv) been furnished with all materials
relating to the business, finances and operations of the Company that have been
requested and materials relating to the offer and sale of the Purchased Shares
that have been requested by such Purchaser. In connection with such Purchaser’s
investigation of the Company and its businesses and operations, such Purchaser
and its Representatives have received from the Company certain projections and
other forecasts for the Company and certain estimates, plans and budget
information, and other forward-looking information. Such Purchaser acknowledges
and agrees that (a) there are uncertainties inherent in attempting to make such
projections, forecasts, estimates, plans, budgets and other forward-looking
statements, (b) such Purchaser is familiar with such uncertainties and (c) such
Purchaser is taking full responsibility for making its own evaluations of the
adequacy and accuracy of all estimates, projections, forecasts, plans, budgets
and other forward-looking statements so furnished to it or its Representatives.
Such Purchaser acknowledges that it has not received audited financial
statements of the STAHL CraneSystems business that is contemplated to be
acquired by the Company pursuant to the STAHL Purchase Agreement or pro forma
financial information prepared in accordance with SEC rules relating to the
transactions contemplated by the STAHL Purchase Agreement, including such
acquisition and related financing, and that audited financial statements
prepared in accordance with United States GAAP and generally accepted auditing
standards and pro forma financial information reflecting such transactions
prepared in accordance with SEC rules, when prepared and filed with the SEC,
could differ materially from the information regarding such business and such
transactions that such Purchaser has received. Based on such information as such
Purchaser has deemed appropriate and without reliance upon the Agent, such
Purchaser has independently made its own judgment concerning the Company and its
businesses, operations and prospects and analysis and decision to enter into
this Agreement and the transactions contemplated hereby. Except for the
representations, warranties and agreements of the Company expressly set forth in
this Agreement, such Purchaser is

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relying exclusively on its own sources of information, investment analysis and
due diligence (including professional advice it deems appropriate) with respect
to the transactions contemplated hereby, the Purchased Shares and the business,
condition (financial and otherwise), management, operations, properties and
prospects of the Company, including but not limited to all business, legal,
regulatory, accounting, credit and tax matters. Neither any inquiries nor any
other due diligence investigations conducted at any time by such Purchasers and
its Representatives shall modify, amend or affect such Purchasers’ right (i) to
rely on the Company’s representations and warranties contained in Article III
above or (ii) to indemnification or any other remedy based on, or with respect
to the accuracy or inaccuracy of, or compliance with, the representations,
warranties, covenants and agreements in any Transaction Document. Such Purchaser
understands that its purchase of the Purchased Shares involves a high degree of
risk. Such Purchaser has sought such accounting, legal and tax advice as it has
considered necessary to make an informed investment decision with respect to its
acquisition of the Purchased Shares.
(c)    Residency. Such Purchaser shall cooperate reasonably with the Company to
provide any information necessary for any applicable securities filings.
(d)    Legends. Such Purchaser understands that, until such time as the
Purchased Shares have been sold pursuant to an effective registration statement
under the Securities Act, or the Purchased Shares are eligible for resale
pursuant to Rule 144 promulgated under the Securities Act without any
restriction as to the number of securities as of a particular date that can then
be immediately sold, the Purchased Shares will bear a restrictive legend
substantially as follows: “The securities represented hereby have not been
registered with the Securities and Exchange Commission or the securities
commission of any state in reliance upon an exemption from registration under
the Securities Act of 1933, as amended, and, accordingly, may not be transferred
unless (i) such securities have been registered for sale pursuant to the
Securities Act of 1933, as amended, (ii) such securities are sold pursuant to
Rule 144, or (iii) the Company has received an opinion of counsel reasonably
satisfactory to it that such transfer may lawfully be made without registration
under the Securities Act of 1933, as amended.” Additionally, if required by the
authorities of any state in connection with the issuance of sale of the
Purchased Shares, the Purchased Shares shall bear the legend required by such
state authority.
(e)    Purchase Representation. Such Purchaser is acquiring its entire
beneficial ownership interest in the Purchased Shares for its own account for
investment purposes only and not with a view to any distribution of the
Purchased Shares in any manner that would violate the securities laws of the
United States or any other jurisdiction. Such Purchaser has been advised and
understands that the Purchased Shares have not been registered under the
Securities Act, the “blue sky” laws of any jurisdiction or the laws of any other
jurisdiction and may be resold only if registered pursuant to the provisions of
the Securities Act (or if eligible, pursuant to the provisions of Rule 144
promulgated under the Securities Act or pursuant to another available exemption
from the registration requirements of the Securities Act) and in compliance with
the restrictions on transfer set forth in the Transaction Documents. Such
Purchaser has been advised and understands that the Company, in issuing the
Purchased Shares, is relying upon, among other things, the representations and
warranties of such Purchaser contained in this Article IV in concluding that
such issuance is a “private offering” and is exempt from the registration
provisions of the Securities Act.

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(f)    Rule 144. Such Purchaser understands that the Purchased Shares must be
held indefinitely unless and until the Purchased Shares are registered under the
Securities Act or an exemption from registration is available. Such Purchaser
has been advised of and is aware of the provisions of Rule 144 promulgated under
the Securities Act.
(g)    Reliance by the Company. Such Purchaser understands that the Purchased
Shares are being offered and sold in reliance on a transactional exemption from
the registration requirements of federal and state securities Laws and that the
Company is relying upon the truth and accuracy of the representations,
warranties, agreements, acknowledgments and understandings of such Purchaser set
forth herein in order to determine the applicability of such exemptions and the
suitability of such Purchaser to acquire the Purchased Shares.
Section 4.06    Sufficient Funds. Such Purchaser will have available to it at
the Closing sufficient funds to enable such Purchaser to pay in full at the
Closing the entire amount of such Purchaser’s Funding Obligation in immediately
available cash funds.
Section 4.07    No Prohibited Trading. From such time as such Purchaser was
first contacted by the Company or any other Person acting on behalf of the
Company regarding the transactions contemplated hereby until the first public
announcement of the execution of this Agreement, such Purchaser and any
Affiliate of such Purchaser which (i) had knowledge of the transactions
contemplated hereby, (ii) has or shares discretion relating to such Purchaser’s
investments or trading or information concerning such Purchaser’s investments,
including in respect of the Securities, or (iii) is subject to such Purchaser’s
review or input concerning such Affiliate’s investments or trading
(collectively, “Trading Affiliates”) has not (a) offered, sold, contracted to
sell, sold any option or contract to purchase, purchased any option or contract
to sell, granted any option, right or warrant to purchase, lent, or otherwise
transferred or disposed of, directly or indirectly, any of the Purchased Shares
or (b) directly or indirectly engaged in any Short Sales or other derivative or
hedging transactions with respect to Common Shares, including by means of any
swap or other transaction or arrangement that transfers or that is designed to,
or that might reasonably be expected to, result in the transfer to another, in
whole or in part, of any of the economic consequences of ownership of any
Purchased Shares, regardless of whether any transaction described in this
Section 4.07 is to be settled by delivery of Common Shares or other securities,
in cash or otherwise. For the avoidance of doubt, nothing in this Section 4.07
shall preclude any actions described in clauses (a) or (b) above following the
first public announcement of the execution of this Agreement.

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Section 4.08    No General Solicitation. Such Purchaser did not learn of the
investment in the Purchased Shares as a result of any general solicitation or
general advertising.
Section 4.09    No Reliance. Such Purchaser hereby acknowledges and agrees that
(a) the Agent is acting solely as placement agent in connection with the
transactions contemplated hereby and is not acting as underwriter or in any
other capacity and is not and shall not be construed as a fiduciary for such
Purchaser, the Company or any other person or entity in connection with the
transactions contemplated hereby, (b) the Agent has not made and will not make
any representation or warranty, whether express or implied, of any kind or
character and has not provided any advice or recommendation in connection with
the transactions contemplated hereby, (c) the Agent will have no responsibility
with respect to (i) any representations, warranties or agreements made by any
person or entity under or in connection with the transactions contemplated
hereby or any of the documents furnished pursuant thereto or in connection
therewith, or the execution, legality, validity or enforceability (with respect
to any person) or any thereof, or (ii) the business, affairs, financial
condition, operations, properties or prospects of, or any other matter
concerning the Company or the transactions contemplated hereby, and (d) the
Agent shall have no liability or obligation (including without limitation, for
or with respect to any losses, claims, damages, obligations, penalties,
judgments, awards, liabilities, costs, expenses or disbursements incurred by
such Purchaser, the Company or any other person or entity), whether in contract,
tort or otherwise, to such Purchaser, or to any person claiming through such
Purchaser, in respect of the transactions contemplated hereby.
Section 4.10    No Side Agreements. As of the date hereof, there are no binding
agreements by, among or between such Purchaser or any of its Affiliates, on the
one hand, and the Company or any of its Affiliates, on the other hand, with
respect to the transactions contemplated hereby other than the Transaction
Documents.
ARTICLE V    
COVENANTS
Section 5.01    Cooperation; Further Assurances. The Company shall use its
commercially reasonable efforts to obtain all approvals and consents required by
or necessary to consummate the transactions contemplated by this Agreement and
the other Transaction Documents. The Company agrees to execute and deliver all
such documents or instruments, to take all commercially reasonable action and to
do all other commercially reasonable things it determines to be necessary,
proper or advisable under applicable Laws and regulations or as otherwise
reasonably requested by the Purchasers to consummate the transactions
contemplated by this Agreement.
Section 5.02    Use of Proceeds. The Company shall use the proceeds of the
offering of the Purchased Shares, to acquire assets as contemplated by the STAHL
Purchase Agreement or to repay indebtedness incurred for such purpose, and for
general Company purposes.
Section 5.03    Subsequent Equity Sales. The Company shall not, and shall use
its commercially reasonable efforts to ensure that no Affiliate of the Company
shall, sell, offer for sale or solicit offers to buy or otherwise negotiate in
respect of any security (as defined in Section 2 of the Securities Act) that
will be integrated with the offer or sale of the Purchased Shares in a manner
that would require the registration under the Securities Act of the sale of the
Purchased Shares to the Purchasers, or that will be integrated with the offer or
sale of the Purchased Shares for purposes of the rules and regulations of any
trading market such that it would require stockholder approval prior to the

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closing of such other transaction unless stockholder approval is obtained before
the closing of such subsequent transaction.
ARTICLE VI    
INDEMNIFICATION, COSTS AND EXPENSES
Section 6.01    Indemnification by the Company. The Company agrees to indemnify
each Purchaser and its Representatives (collectively, “Purchaser Related
Parties”) from costs, losses, liabilities, damages or expenses of any kind or
nature whatsoever, and hold each of them harmless against, any and all actions,
suits, proceedings (including any investigations, litigation or inquiries),
demands and causes of action, and, in connection therewith, promptly upon
demand, pay or reimburse each of them for all costs, losses, liabilities,
damages, or expenses of any kind or nature whatsoever (including the reasonable
fees and disbursements of counsel and all other reasonable expenses incurred in
connection with investigating, defending or preparing to defend any such matter
that may be incurred by them or asserted against or involve any of them),
whether or not involving a Third-Party Claim, as a result of, arising out of, or
in any way related to (a) the failure of any of the representations or
warranties made by the Company contained herein to be true and correct in all
material respects (other than those representations and warranties contained in
Section 3.01, Section 3.02, Section 3.13(a), (b) and (c) or Section 3.17 or
other representations and warranties that are qualified by materiality or
Material Adverse Effect, which, in each case, shall be true and correct in all
respects) when made and as of the Closing Date (except for any representations
and warranties made as of a specific date, which shall be required to be true
and correct as of such date only) or (b) the breach of any covenants of the
Company contained herein; provided that, in the case of the immediately
preceding clause (a), such claim for indemnification is made prior to the
expiration of the survival period of such representation or warranty; provided,
further, that for purposes of determining when an indemnification claim has been
made, the date upon which a Purchaser Related Party shall have given notice
(stating in reasonable detail the basis of the claim for indemnification) to the
Company shall constitute the date upon which such claim has been made; and
provided, further, that the aggregate liability of the Company to each Purchaser
pursuant to this Section 6.01 shall not be greater in amount than such
Purchaser’s Funding Obligation, and the aggregate liability of the Company to
all Purchasers pursuant to this Section 6.01 shall not exceed the Total Funding
Obligation. No Purchaser Related Party shall be entitled to recover special,
indirect, incidental, consequential, exemplary, lost profits, speculative or
punitive damages under this Section 6.01; provided, however, that such
limitation shall not prevent any Purchaser Related Party from recovering under
this Section 6.01 for any such damages to the extent that such damages are in
the form of diminution in value or are payable to a third party in connection
with any Third-Party Claims.
Section 6.02    Indemnification Procedure.
(a)    A claim for indemnification for any matter not involving a Third-Party
Claim may be asserted by notice to the party from whom indemnification is
sought; provided, however, that failure to so notify the indemnifying party
shall not preclude the indemnified party from any indemnification which it may
claim in accordance with this Article VI, except as otherwise provided in
Section 6.01.

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(b)    Promptly after any Purchaser Related Party (hereinafter, the “Indemnified
Party”) has received notice of any indemnifiable claim hereunder, or the
commencement of any action, suit or proceeding by a third person, which the
Indemnified Party believes in good faith is an indemnifiable claim under this
Agreement (each a “Third-Party Claim”), the Indemnified Party shall give the
indemnitor hereunder (the “Indemnifying Party”) written notice of such
Third-Party Claim, but failure to so notify the Indemnifying Party will not
relieve the Indemnifying Party from any liability it may have to such
Indemnified Party hereunder except to the extent that the Indemnifying Party is
materially prejudiced by such failure. Such notice shall state the nature and
the basis of such Third-Party Claim to the extent then known. The Indemnifying
Party shall have the right to defend and settle, at its own expense and by its
own counsel who shall be reasonably acceptable to the Indemnified Party, any
such matter as long as the Indemnifying Party pursues the same diligently and in
good faith. If the Indemnifying Party undertakes to defend or settle, it shall
promptly notify the Indemnified Party of its intention to do so, and the
Indemnified Party shall cooperate with the Indemnifying Party and its counsel in
all commercially reasonable respects in the defense thereof and the settlement
thereof. Such cooperation shall include, but shall not be limited to, furnishing
the Indemnifying Party with any books, records and other information reasonably
requested by the Indemnifying Party and in the Indemnified Party’s possession or
control. Such cooperation of the Indemnified Party shall be at the cost of the
Indemnifying Party. After the Indemnifying Party has notified the Indemnified
Party of its intention to undertake to defend or settle any such asserted
liability, and for so long as the Indemnifying Party diligently pursues such
defense, the Indemnifying Party shall not be liable for any additional legal
expenses incurred by the Indemnified Party in connection with any defense or
settlement of such asserted liability; provided, however, that the Indemnified
Party shall be entitled (i) at its expense, to participate in the defense of
such asserted liability and the negotiations of the settlement thereof and (ii)
if (A) the Indemnifying Party has failed to assume the defense or employ counsel
reasonably acceptable to the Indemnified Party or (B) if the defendants in any
such action include both the Indemnified Party and the Indemnifying Party and
counsel to the Indemnified Party shall have concluded that there may be
reasonable defenses available to the Indemnified Party that are different from
or in addition to those available to the Indemnifying Party or if the interests
of the Indemnified Party reasonably may be deemed to conflict with the interests
of the Indemnifying Party, then the Indemnified Party shall have the right to
select a separate counsel and to assume such legal defense and otherwise to
participate in the defense of such action, with the expenses and fees of such
separate counsel and other expenses related to such participation to be
reimbursed by the Indemnifying Party as incurred. Notwithstanding any other
provision of this Agreement, the Indemnifying Party shall not settle any
indemnified claim without the consent of the Indemnified Party, unless the
settlement thereof imposes no liability or obligation on, and includes a
complete release from liability of, and does not include any admission of
wrongdoing or malfeasance by, the Indemnified Party.
Section 6.03    Tax Matters. All indemnification payments under this Article VI
shall be treated as adjustments to the applicable Purchaser’s Funding Obligation
for Tax purposes except as otherwise required by applicable Law.

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ARTICLE VII    
TERMINATION
Section 7.01    Termination. This Agreement may be terminated at any time prior
to the Closing:
(a)    by mutual written consent of the Company and a Purchaser, with respect to
itself but not any other Purchaser;
(b)    by written notice from either the Company or a Purchaser, with respect to
itself but not any other Purchaser, if any Governmental Authority with lawful
jurisdiction shall have issued a final order, decree or ruling or taken any
other final action restraining, enjoining or otherwise prohibiting the
transactions contemplated by the Transaction Documents and such order, decree,
ruling or other action is or shall have become final and nonappealable;
(c)    by written notice from either the Company or a Purchaser, with respect to
itself but not any other Purchaser, if the STAHL Purchase Agreement is
terminated for any reason; or
(d)    by written notice from a Purchaser, with respect to itself but not any
other Purchaser, if the Closing does not occur by 11:59 p.m. New York time on
the Drop-Dead Date; provided, however, that no party may terminate this
Agreement pursuant to this Section 7.01(d) if such party is, at the time of
providing such written notice, in breach of any of its obligations under this
Agreement.
Section 7.02    Certain Effects of Termination. In the event that this Agreement
is terminated pursuant to Section 7.01, this Agreement shall become null and
void and have no further force or effect, but the parties shall not be released
from any liability arising from or in connection with any breach hereof
occurring prior to such termination.
ARTICLE VIII    
MISCELLANEOUS
Section 8.01    Expenses. All costs and expenses, including fees and
disbursements of counsel, financial advisors and accountants, incurred in
connection with the Transaction Documents and the transactions contemplated
thereby shall be paid by the party incurring such costs and expenses.
Section 8.02    Interpretation. Article, Section, Schedule and Exhibit
references in this Agreement are references to the corresponding Article,
Section, Schedule or Exhibit to this Agreement, unless otherwise specified. All
Exhibits and Schedules to this Agreement are hereby incorporated and made a part
hereof as if set forth in full herein and are an integral part of this
Agreement. All references to instruments, documents, Contracts and agreements
are references to such instruments, documents, Contracts and agreements as the
same may be amended, supplemented and otherwise modified from time to time,
unless otherwise specified. The word “including” shall mean “including but not
limited to” and shall not be construed to limit any general statement that it
follows to the specific or similar items or matters immediately following it.
Whenever the Company has an obligation under the Transaction Documents, the
expense of complying with that obligation shall be an expense of the Company
unless otherwise specified. Any reference in this Agreement to “$” shall mean
U.S. dollars. Whenever any determination, consent or approval is to be made or
given by any party to this Agreement, such action shall be in such party’s sole
discretion, unless otherwise specified in this Agreement. If any provision in

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the Transaction Documents is held to be illegal, invalid, not binding or
unenforceable, (a) such provision shall be fully severable and the Transaction
Documents shall be construed and enforced as if such illegal, invalid, not
binding or unenforceable provision had never comprised a part of the Transaction
Documents, and the remaining provisions shall remain in full force and effect,
and (b) the parties hereto shall negotiate in good faith to modify the
Transaction Documents so as to effect the original intent of the parties as
closely as possible in an acceptable manner in order that the transactions
contemplated hereby are consummated as originally contemplated to the greatest
extent possible. When calculating the period of time before which, within which
or following which any act is to be done or step taken pursuant to the
Transaction Documents, the date that is the reference date in calculating such
period shall be excluded. If the last day of such period is not a Business Day,
the period in question shall end on the next succeeding Business Day. Any words
imparting the singular number only shall include the plural and vice versa. The
words such as “herein,” “hereinafter,” “hereof” and “hereunder” refer to this
Agreement as a whole and not merely to a subdivision in which such words appear
unless the context otherwise requires. The provision of a Table of Contents, the
division of this Agreement into Articles, Sections and other subdivisions and
the insertion of headings are for convenience of reference only and shall not
affect or be utilized in construing or interpreting this Agreement.
Section 8.03    Survival of Provisions. The representations and warranties set
forth in Section 3.01, Section 3.02, Section 3.13(a), (b) and (c), Section 3.17,
Section 4.01, Section 4.02, Section 4.04, Section 4.05(a), Section 4.05(b),
Section 4.05(e), Section 4.07 hereunder shall survive the execution and delivery
of this Agreement indefinitely, the representations and warranties set forth in
Section 3.25 shall survive until sixty (60) days after the applicable statute of
limitations (taking into account any extensions thereof) and the other
representations and warranties set forth herein shall survive for a period of
six (6) months following the Closing Date, regardless of any investigation made
by or on behalf of the Company or the Purchasers. The covenants made in this
Agreement or any other Transaction Document shall survive the Closing and remain
operative and in full force and effect regardless of acceptance of any of the
Purchased Shares and payment therefor and repayment, conversion or repurchase
thereof. Regardless of any purported general termination of this Agreement, the
provisions of Article VI and all indemnification rights and obligations of the
Company and the Purchasers thereunder, and this Article VIII shall remain
operative and in full force and effect as between the Company and each
Purchaser, unless the Company and the applicable Purchaser execute a writing
that expressly terminates such rights and obligations as between the Company and
such Purchaser.
Section 8.04    No Waiver: Modifications in Writing.
(a)    Delay. No failure or delay on the part of any party in exercising any
right, power or remedy hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any such right, power or remedy preclude any
other or further exercise thereof or the exercise of any other right, power or
remedy. The remedies provided for herein are cumulative and are not exclusive of
any remedies that may be available to a party at law or in equity or otherwise.

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(b)    Specific Waiver; Amendment. Except as otherwise provided herein or as
specifically provided otherwise in any other Transaction Document with respect
thereto, no amendment, waiver, consent, modification or termination of any
provision of any Transaction Document shall be effective unless signed by (i)
before Closing, each of the parties thereto affected by such amendment, waiver,
consent, modification or termination and (ii) after Closing, Purchasers holding
a majority of the Purchased Shares then held by the Purchasers; provided that
(A) any amendment, waiver, consent, modification or termination pursuant to
clause (ii) shall not apply with respect to any Purchaser without the written
consent of such Purchaser unless such amendment or waiver applies to all
Purchasers in the same fashion and (B) no consideration shall be offered or paid
to any Person to amend or consent to a waiver or modification of any provision
of any of the Transaction Documents unless the same consideration is also
offered to all of the parties to the Transaction Documents (for clarification
purposes, this clause (B) constitutes a separate right granted to each Purchaser
by the Company and negotiated separately by each Purchaser, and shall not in any
way be construed as the Purchasers acting in concert or as a group with respect
to the purchase, disposition or voting of Purchased Shares or otherwise). Any
amendment, supplement or modification of or to any provision of any Transaction
Document, any waiver of any provision of any Transaction Document and any
consent to any departure by the Company or any Purchaser from the terms of any
provision of any Transaction Document shall be effective only in the specific
instance and for the specific purpose for which made or given. Except where
notice is specifically required by this Agreement, no notice to or demand on the
Company or any Purchaser in any case shall entitle the Company or such Purchaser
to any other or further notice or demand in similar or other circumstances. Any
investigation by or on behalf of any party shall not be deemed to constitute a
waiver by the party taking such action of compliance with any representation,
warranty, covenant or agreement contained herein.
Section 8.05    Binding Effect. This Agreement shall be binding upon the
Company, each of the Purchasers and their respective successors and permitted
assigns. Except as expressly provided in this Agreement, this Agreement shall
not be construed so as to confer any right or benefit upon any Person other than
the parties to this Agreement and their respective successors and permitted
assigns.
Section 8.06    Publicity. Except as set forth below, no public release or
announcement concerning the transactions contemplated hereby shall be issued by
the Company or the Purchasers without the prior consent of the Company (in the
case of a release or announcement by the Purchasers) or the Purchasers (in the
case of a release or announcement by the Company) (which consents shall not be
unreasonably withheld), except as such release or announcement may be required
by law or the applicable rules or regulations of any securities exchange or
securities market, in which case the Company or the Purchasers, as the case may
be, shall allow the Purchasers or the Company, as applicable, to the extent
reasonably practicable in the circumstances, reasonable time to comment on such
release or announcement in advance of such issuance. The parties acknowledge
that (i) as of 9:30 a.m. (New York time) on the trading day immediately
following the date hereof, no Purchaser shall be in possession of any material,
nonpublic information received from the Company or any of its respective
officers, directors, employees or agents, with respect to the transactions
contemplated hereby, and (ii) prior to such time the Company shall issue a press
release disclosing any material information required to comply with the
preceding clause (i), and that, in addition, the Company will make such other
filings and notices in the manner and time required by the SEC or NASDAQ with
respect to such matters. The Company shall not, and shall cause each of its
Subsidiaries and each of their respective officers, directors, employees and
agents, not to, provide any Purchaser with any such material, nonpublic
information regarding the

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Company or any of the Company Entities from and after the filing of the press
release without the express written consent of such Purchaser. For the avoidance
of doubt, following the issuance of such press release, this Agreement shall not
prohibit any Purchaser from trading Common Shares as it sees fit.
Section 8.07    Communications. All notices and demands provided for hereunder
shall be in writing and shall be given by registered or certified mail, return
receipt requested, telecopy, electronic mail, air courier guaranteeing overnight
delivery or personal delivery to the following addresses
(a)    If to the Purchasers, to the addresses set forth on Schedule A.
(b)    If to the Company, to:
Alan S. Korman
V.P., Corporate Development, General Counsel & Corporate Secretary
Columbus McKinnon Corporation
205 Crosspoint Parkway
Getzville, New York 14068
with a copy to (which shall not constitute notice):
Jamie Knox
DLA Piper LLP (US)
1251 Avenue of the Americas, 27th Floor
New York, New York 10020
Email: Jamie.knox@dlapiper.com
or to such other address as the Company or the Purchasers may designate in
writing. All notices and communications shall be deemed to have been duly given:
at the time delivered by hand, if personally delivered; upon actual receipt if
sent by certified or registered mail, return receipt requested, or regular mail,
if mailed; upon actual receipt of the facsimile, if sent via facsimile; when
sent, if sent by electronic mail prior to 5:00 pm New York time on a Business
Day, or on the next succeeding Business Day, if not; and upon actual receipt
when delivered to an air courier guaranteeing overnight delivery.
Section 8.08    Removal of Legend. In connection with a sale of Purchased Shares
by a Purchaser in reliance on Rule 144 promulgated under the Securities Act, the
applicable Purchaser or its broker shall deliver to the Company a broker
representation letter providing to the Company the information required under
Rule 144 to determine that the sale of such Purchased Shares is made in
compliance with Rule 144 promulgated under the Securities Act, including, as may
be appropriate, a certification that the Purchaser is not an Affiliate of the
Company (as defined in Rule 144 promulgated under the Securities Act) and a
certification as to the length of time that such securities have been held. Upon
receipt of such representation letter, the Company shall promptly remove the
notation of a restrictive legend in such Purchaser’s book-entry account
maintained by the Company, including the legend referred to in Section 4.05(d),
and the Company shall bear all costs associated with the removal of such legend
in the Company’s books. At such time as the Purchased Shares have been sold
pursuant to an effective registration statement under the Securities Act or have
been held by any Purchaser for more than one year where such Purchaser is not,
and has not been in the preceding three months, an affiliate of the Company (as
defined in Rule 144 promulgated under the Securities Act), if the book-entry
account of such Purchaser still bears the notation of the restrictive legend
referred to in Section 4.05, the Company agrees, upon request of the Purchaser
or its permitted assignee, to take all steps necessary to promptly

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effect the removal of the legend described in Section 4.05, and the Company
shall bear all costs associated with the removal of such legend in the Company’s
books, regardless of whether the request is made in connection with a sale or
otherwise, so long as such Purchaser or its permitted assignee provides to the
Company the information required under Rule 144 (or other applicable exemptions)
to determine that the legend is no longer required under the Securities Act or
applicable state Laws, including (if there is no such registration statement) a
certification that the holder is not an Affiliate of the Company (as defined in
Rule 144 promulgated under the Securities Act), a covenant to inform the Company
if it should thereafter become an affiliate (as defined in Rule 144 promulgated
under the Securities Act) and to consent to the notation of an appropriate
restriction, and a certification as to the length of time such securities have
been held. The Company shall cooperate with each Purchaser to effect the removal
of the legend referred to in Section 4.05 at any time such legend is no longer
appropriate.
Section 8.09    Entire Agreement. This Agreement, the other Transaction
Documents and the other agreements and documents referred to herein are intended
by the parties as a final expression of their agreement and intended to be a
complete and exclusive statement of the agreement and understanding of the
parties hereto in respect of the subject matter contained herein and therein.
There are no restrictions, promises, warranties or undertakings, other than
those set forth or referred to in this Agreement or the other Transaction
Documents with respect to the rights granted by the Company or any of its
Affiliates or the Purchasers or any of their respective Affiliates. This
Agreement, the other Transaction Documents and the other agreements and
documents referred to herein or therein supersede all prior agreements and
understandings among the parties with respect to such subject matter.
Section 8.10    Governing Law: Submission to Jurisdiction. This Agreement, and
all claims or causes of action (whether in contract or tort) that may be based
upon, arise out of or relate to this Agreement or the negotiation, execution or
performance of this Agreement (including any claim or cause of action based
upon, arising out of or related to any representation or warranty made in or in
connection with this Agreement), will be construed in accordance with and
governed by the Laws of the State of New York without regard to principles of
conflicts of laws that would result in the application of the law of any other
jurisdiction. Any action against any party relating to the foregoing shall be
brought in any federal or state court of competent jurisdiction located within
the State of New York, and the parties hereto hereby irrevocably submit to the
non-exclusive jurisdiction of any federal or state court located within the
State of New York over any such action. The parties hereby irrevocably waive, to
the fullest extent permitted by applicable Law, any objection which they may now
or hereafter have to the laying of venue of any such dispute brought in such
court or any defense of inconvenient forum for the maintenance of such dispute.
Each of the parties hereto agrees that a judgment in any such dispute may be
enforced in other jurisdictions by suit on the judgment or in any other manner
provided by Law.

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Section 8.11    Waiver of Jury Trial. THE PARTIES TO THIS AGREEMENT EACH HEREBY
WAIVES, AND AGREES TO CAUSE ITS AFFILIATES TO WAIVE, TO THE FULLEST EXTENT
PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR
CAUSE OF ACTION (A) ARISING UNDER THIS AGREEMENT OR (B) IN ANY WAY CONNECTED
WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT
OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE
WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY
OR OTHERWISE. THE PARTIES TO THIS AGREEMENT EACH HEREBY AGREES AND CONSENTS THAT
ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT
TRIAL WITHOUT A JURY AND THAT THE PARTIES TO THIS AGREEMENT MAY FILE AN ORIGINAL
COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF
THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.
Section 8.12    No Recourse Against Others.
(a)    All claims, obligations, liabilities or causes of action (whether in
contract or in tort, in law or in equity, or granted by statute) that may be
based upon, in respect of, arise under, out or by reason of, be connected with
or relate in any manner to this Agreement, or the negotiation, execution or
performance of this Agreement (including any representation or warranty made in,
in connection with, or as an inducement to, this Agreement), may be made only
against (and are expressly limited to) the Company and the Purchasers. No Person
other than the Company or the Purchasers, including no member, partner,
stockholder, Affiliate or Representative thereof, nor any member, partner,
stockholder, Affiliate or Representative of any of the foregoing, shall have any
liability (whether in contract or in tort, in law or in equity, or granted by
statute) for any claims, causes of action, obligations or liabilities arising
under, out of, in connection with or related in any manner to this Agreement or
based on, in respect of or by reason of this Agreement or its negotiation,
execution, performance or breach; and, to the maximum extent permitted by Law,
each of the Company and the Purchasers hereby waives and releases all such
liabilities, claims, causes of action and obligations against any such third
Person.
(b)    Without limiting the foregoing, to the maximum extent permitted by Law,
(i) each of the Company and the Purchasers hereby waives and releases any and
all rights, claims, demands or causes of action that may otherwise be available
at law or in equity, or granted by statute, to avoid or disregard the entity
form of the other or otherwise impose liability of the other on any third Person
in respect of the transactions contemplated hereby, whether granted by statute
or based on theories of equity, agency, control, instrumentality, alter ego,
domination, sham, single business enterprise, piercing the veil, unfairness,
undercapitalization or otherwise; and (ii) each of the Company and the
Purchasers disclaims any reliance upon any third Person with respect to the
performance of this Agreement or any representation or warranty made in, in
connection with or as an inducement to this Agreement.

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Section 8.13    No Third-Party Beneficiaries. Nothing in this Agreement, express
or implied, is intended to or shall confer upon any Person, other than the
Company, the Purchasers and, for purposes of Section 8.12 only, any member,
partner, stockholder, Affiliate or Representative of the Company or the
Purchasers, or any member, partner, stockholder, Affiliate or Representative of
any of the foregoing, any right, benefit or remedy of any nature whatsoever
under or by reason of this Agreement. Notwithstanding the foregoing, each of the
Agent and Moelis & Company LLC is a third-party beneficiary of, and may rely on,
the representations and warranties of each Purchaser contained in Section 4.05,
Section 4.08 and Section 4.09.
Section 8.14    Execution in Counterparts. This Agreement may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which counterparts, when so executed and delivered, shall be deemed to
be an original and all of which counterparts, taken together, shall constitute
but one and the same agreement.
Section 8.15    Certain Adjustments. Notwithstanding anything to the contrary in
this Agreement, the Common Share Offering Price shall be reduced by the per
share amount of any dividend (other than a dividend payable solely in Common
Shares) declared with respect to the Common Shares by the Company for which the
record date occurs on or after the date hereof but before Closing. The Common
Share Offering Price and number of Common Shares to be purchased by a Purchaser
hereunder shall be adjusted to reflect any stock split, stock dividend, reverse
stock split, or share combination for which the record date occurs after the
date hereof and prior to Closing.
[Signature Page Follows]

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IN WITNESS WHEREOF, the parties hereto execute this Agreement, effective as of
the date first above written.
COLUMBUS MCKINNON CORPORATION

By:    ______________________________
Name:
Title:

 

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PURCHASERS:

[        ]

By:    _________________________
Name:
Title: