EX-10.2



 Exhibit 10.2 

First Amendment to Security Agreement – US Credit Parties 

FIRST AMENDMENT TO SECURITY AGREEMENT 

This First Amendment to Security Agreement (“Amendment”) is made as of October 15, 2013 (“Effective
Date”) among MANITEX INTERNATIONAL, INC., a Michigan corporation, MANITEX, INC., a Texas corporation, MANITEX SABRE, INC., a Michigan corporation, BADGER EQUIPMENT COMPANY, a Minnesota corporation, and MANITEX
LOAD KING, INC., a Michigan corporation, LIFTKING, INC., a Michigan corporation, and MANITEX, LLC, a Delaware limited liability company (collectively the “Debtors” and each individually a “Debtor”)
and COMERICA BANK, a Texas banking association (in its individual capacity, “Comerica”), as Agent for and on behalf of the US Lenders (as defined below) and on behalf of the Canadian Lenders (as defined below) (in such
capacity, the “Agent”). 
 PRELIMINARY STATEMENT 

Manitex International, Inc., a Michigan corporation, Manitex, Inc., a Texas corporation, Manitex Sabre, Inc., a Michigan corporation, Badger
Equipment Company, a Minnesota corporation, and Manitex Load King, Inc., a Michigan corporation (collectively the “US Borrowers”) and Manitex Liftking, ULC, an Alberta unlimited liability corporation (the “Canadian
Borrower”), and the other Credit Parties (as defined therein) have entered into that certain Credit Agreement dated August 19, 2013 (“Credit Agreement”) with each of the financial institutions from time to time
signatory thereto, Comerica Bank, a Texas banking association, in its capacity as US Agent (as defined in the Credit Agreement), for and on behalf of the US Lenders (as defined in the Credit Agreement and referred to herein as the “US
Lenders”), Comerica Bank, a Texas banking association and authorized foreign bank under the Bank Act (Canada), in its capacity as the Canadian Agent (as defined in the Credit Agreement), for and on behalf of the Canadian Lenders (as
defined in the Credit Agreement and referred to herein as the “Canadian Lenders”). 
 Pursuant to the Credit Agreement, Debtors
and Agent entered into that certain Security Agreement dated August 19, 2013 in which Debtors granted to Agent certain Liens to the Agent to secure the obligations of the US Borrowers under the Credit Agreement. 

Debtors and Agent have agreed to amend the terms of the Security Agreement as provided in this Amendment. 

AGREEMENT 
 1. Defined
Terms. In this Amendment, capitalized terms used without separate definition shall have the meanings given them in the Credit Agreement. 

2. Amendment. 
 a. All
references to “Indebtedness” in the Security Agreement shall be replaced with and deemed to be references to “Obligations” (as defined in the Credit Agreement). 

3. Representations and Warranties. The Debtors represent, warrant, and agree that: 

a. This Amendment may be executed in as many counterparts as Agent and the Debtors deem convenient, and shall become effective upon delivery to
Agent of all executed counterparts hereof from the Debtors. 







 b. Except as expressly modified in this Amendment, the representations, warranties, and covenants
set forth in the Security Agreement and in each related document, agreement, and instrument remain true and correct, continue to be satisfied in all respects, and are legal, valid and binding obligations with the same force and effect as if entirely
restated in this Amendment. 
 c. When executed, the Agreement, as amended by this Amendment will continue to constitute a duly authorized,
legal, valid, and binding obligation of the Borrowers enforceable in accordance with its terms. 
 4. Successors and Assigns. This
Amendment shall inure to the benefit of and be binding upon the parties and their respective successors and assigns. 
 5. Other
Modification. In executing this Amendment, the Debtors are not relying on any promise or commitment of Agent that is not in writing signed by Agent. 

[Signature Page Follows] 

  
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 This First Amendment to Security Agreement is executed and delivered on the Effective Date. 

 

									
	DEBTORS:	 		 		 	
			
	MANITEX INTERNATIONAL, INC.	 		 	MANITEX, INC.
					
	By:	 	/s/ Andrew M. Rooke	 		 	By:	 	/s/ Andrew M. Rooke
		 	Andrew M. Rooke	 		 		 	Andrew M. Rooke
	Its:	 	President	 		 	Its:	 	President
			
	MANITEX SABRE, INC.	 		 	BADGER EQUIPMENT COMPANY
					
	By:	 	/s/ Andrew M. Rooke	 		 	By:	 	/s/ Andrew M. Rooke
		 	Andrew M. Rooke	 		 		 	Andrew M. Rooke
	Its:	 	Vice President	 		 	Its:	 	Vice President
			
	MANITEX LOAD KING, INC.	 		 	LIFTKING, INC.
					
	By:	 	/s/ Andrew M. Rooke	 		 	By:	 	/s/ Andrew M. Rooke
		 	Andrew M. Rooke	 		 		 	Andrew M. Rooke
	Its:	 	Vice President	 		 	Its:	 	President
				
	MANITEX, LLC	 		 		 	
					
	By:	 	/s/ Andrew M. Rooke	 		 		 	
		 	Andrew M. Rooke	 		 		 	
	Its:	 	Vice President	 		 		 	

 [Signatures Continued on Following Page] 

  
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 [Con’t Signature Page – First Amendment to Security Agreement – US Credit
Parties)] 
  

			
	AGENT:
	
	COMERICA BANK, as Agent
		
	By:	 	/s/ James Q. Goudie
	Name:	 	James Q. Goudie
	Title	 	VP & AGM


  
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