Exhibit 10.16

FOURTH AMENDMENT TO LOAN AGREEMENT

This FOURTH AMENDMENT TO LOAN AGREEMENT (this "Amendment"), dated as of October 3, 2007, is entered into by
and among CASCADE CORPORATION, an Oregon corporation, (the "Borrower"), the several financial institutions party as of the date hereof to the Loan
Amendment referred to below (collectively called the "Lenders" and individually called a "Lender"), and BANK OF AMERICA, N.A., as agent for itself and
the Lenders (in such capacity, the "Agent").

RECITALS

A.    The
Borrower, the Lenders and the Agent are parties to a Loan Agreement, dated as of February 28, 2003 (as amended from time to time, the
"Loan Agreement").

B.    Pursuant
to the Loan Agreement, the Lenders have extended and are continuing to extend certain credit facilities to the Borrower.

C.    The
Borrower has requested an amendment to the Loan Agreement increasing the amount of permitted capital stock repurchases.

D.    The
Agent and Lenders are willing to amend the Loan Agreement, but only as provided, and subject to the terms and conditions contained, in this Amendment.

THEREFORE,
for valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:



---





2

---





3

---





IN
WITNESS WHEREOF, the parties have caused this Amendment to be duly executed and delivered as of the date first written above.

|CASCADE CORPORATION, as the Borrower |  | BANK OF AMERICA, N.A., as Agent            
|------------------------------------ |  | -------------------------------------------
|By:                                  |  | /s/JOHN CUSHING                            
|Name:                                |  | John Cushing                               
|Title:                               |  | Treasurer                                  
|                                     |  | October 3, 2007                            
|BANK OF AMERICA, N.A., as a Lender   |  | UNION BANK OF CALIFORNIA, N.A., as a Lender
|By:                                  |  | /s/ERIC EIDLER                             
|Name:                                |  | Eric Eidler                                
|Title:                               |  | Senior Vice President                      
|                                     |  | October 3, 2007                            

4

---



GUARANTOR ACKNOWLEDGMENT AND CONSENT

The
undersigned Guarantor hereby: (i) acknowledges and consents to the terms, and the execution, delivery and performance, of the foregoing Amendment (the
"Amendment") (without implying the need for any such acknowledgment or consent); and (ii) represents and warrants to the Agent and the Lenders
that, both before and after giving effect to the Amendment: (A) its Guaranty remains in full force and effect as an enforceable obligation of such Guarantor (except as enforceability may be
limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general applicability affecting the enforceability of creditors' rights), without defense, counterclaim or offset; and
(B) it is in compliance with all of its covenants contained in its Guaranty and in each other Loan Document applicable to it. The undersigned further represents and warrants to the Agent and
the Lenders that the execution and delivery by such Guarantor of, and the performance by such Guarantor of its obligations under, this Guarantor Acknowledgment and Consent, have been duly authorized
by all necessary corporate and other action and do not and will not require any registration with, consent or approval of, or notice to or action by any Person (including, without limitation, any
Governmental Person) in order to be effective and/or enforceable. The undersigned remakes as of the Effective Date (as defined in the Amendment) all of the representations and warranties made by it
under its Guaranty. Capitalized terms used herein and not otherwise defined have the respective meanings assigned to them in the Loan Agreement (as defined in the Amendment).

IN
WITNESS WHEREOF, the undersigned Guarantor has executed this Guarantor Acknowledgment and Consent by its duly authorized officer as of October     , 2007.

| |  | PSM LLC
| |  | -------
| |  | By:    
| |  | Name:  
| |  | Title: 
| |  |        

5

---



QuickLinks