EX-10.1



 Exhibit 10.1 

AMENDMENT NO. 5 TO CREDIT AGREEMENT 

This Amendment No. 5 to Credit Agreement (“Amendment”) is made as of December 19, 2014 (“Fifth Amendment
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 (each, individually a “US Borrower,” and collectively the “US Borrowers”) and MANITEX LIFTKING, ULC, an Alberta company (the “Canadian
Borrower” and, together with the US Borrowers, the “Borrowers” and each individually, a “Borrower”) and the other Credit Parties (as defined in the Credit Agreement, defined below) and COMERICA BANK,
a Texas banking association (in its individual capacity, “Comerica”), as US Agent, US Swing Line Lender, US Issuing Lender and a US Lender, COMERICA BANK, a Texas banking association and authorized foreign bank under the
Bank Act (Canada), through its Toronto branch (in its individual capacity, “Comerica Canada”) as Canadian Agent, Canadian Swing Line Lender, Canadian Issuing Lender and a Canadian Lender, FIFTH THIRD BANK, an Ohio
banking corporation, as a US Lender, (Canadian Lender, Canadian Swing Line Lender, US Lenders and US Swing Line Lender are sometimes referred to herein collectively as the “Lenders”). 

PRELIMINARY STATEMENT 
 The
Borrowers, the Credit Parties, US Agent, Canadian Agent and the Lenders entered into a Credit Agreement dated August 19, 2013, as amended by that First Amendment to Credit Agreement dated as of October 15, 2013, that Second Amendment to
Credit Agreement dated as of November 26, 2013, that Third Amendment to Credit Agreement dated as of April 22, 2014, and Amendment No. 4 to Credit Agreement dated as of July 21, 2014 (as amended the “Credit
Agreement”) providing terms and conditions governing certain loans and other credit accommodations extended by the US Agent, Canadian Agent and Lenders to Borrowers (“Obligations”). 

Borrowers, US Agent, Canadian Agent and the Lenders have agreed to amend the terms of the Credit 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) The
following terms and their respective definitions are hereby added to Section 1.1 of the Credit Agreement in their respective alphabetical order: 

“ASV Equity Investment” shall mean the investment by US Borrower, in an amount not in excess of Twenty Five
Million US Dollars (US$25,000,000), representing the purchase price for the ASV Joint Venture. 
 “ASV Joint
Venture” shall mean the purchase by US Borrower of 51% of the Equity Interest in A.S.V. Inc. from Terex Corporation. 

“Restricted Subsidiary” means, as to any Person, each Subsidiary of such Person that is not an Unrestricted
Subsidiary. 







 “Unrestricted Subsidiary” means (a) any Subsidiary of the
Parent that is designated by a Responsible Officer of the Parent as an Unrestricted Subsidiary which designation is consented to by Agent on behalf of Lenders, and such entity is listed on Schedule 6.18 hereto, but only to the extent that:
(i) except as permitted by Section 8, such Subsidiary is not party to any agreement, contract, arrangement or understanding with any Restricted Entity; (ii) except as permitted by Section 8.7, such Subsidiary is a Person with
respect to which neither the Parent nor any of its Restricted Subsidiaries has any direct or indirect obligation (A) to subscribe for additional Equity Interests other than those provided in Section 8.5, or (B) to maintain or preserve
such Person’s financial condition or to cause such Person to achieve any specified levels of operating results; and (iii) such Subsidiary has not been re-designated as a Restricted Subsidiary, and (b) any Subsidiary of a Subsidiary
that becomes an Unrestricted Subsidiary pursuant to the preceding clause (a); provided that such Subsidiary of the Unrestricted Subsidiary must also comply with the preceding conditions. 

(b) The following terms and their respective definitions contained in Section 1.1 of the Credit Agreement are hereby amended and restated
in their entirety as follows: 
 “Canadian Borrowing Base” shall mean, as of any date of determination
thereof, without duplication, an amount equal to the sum of: 
 (a) ninety percent (90%) of Canadian Borrowing Base
Obligors’ Eligible Insured Accounts; plus 
 (b) plus eighty-five percent (85%) of Canadian Borrowing Base
Obligors’ Eligible Accounts; plus 
 (c) eighty-five percent (85%) of Canadian Borrowing Base Obligors’
Eligible Government Accounts; plus 
 (d) the lesser of (i) 50% of Canadian Borrowing Base Obligors’ Eligible
Inventory, including work-in-process which is properly classified under GAAP as work-in-process inventory up to the maximum amount of the Canadian WIP Cap, or (ii) the Canadian Inventory Cap; minus 

(e) Priority Payables; 

provided that (x) the Canadian Borrowing Base shall be determined on the basis of the most current Canadian Borrowing Base
Certificate required or permitted to be submitted hereunder, and (y) any reserves or other adjustments established by the Canadian Agent or the Majority Canadian Revolving Credit Lenders on the basis of any subsequent collateral audits
conducted hereunder, all in accordance with ordinary and customary asset-based lending standards, as reasonably determined by the Canadian Agent and the Majority Canadian Revolving Credit Lenders. For greater certainty, Canadian Borrowing Base
Obligors’ Eligible Accounts and Eligible Inventory shall not include inventory financed pursuant to the Specialized Equipment Export Facility and accounts derived therefrom and provided, further such inventory financed by the Specialized
Equipment Export Facility and accounts derived therefrom shall be detailed in a schedule to the Canadian Borrowing Base Certificate. 

“Canadian Inventory Cap” shall mean CDN$9,000,000 from the Fifth Amendment Effective Date and thereafter. 

“Canadian WIP Cap” shall mean CDN$3,000,000 from the Fifth Amendment Effective Date and thereafter. 

  
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 “US Borrowing Base” shall mean, as of any date of determination
thereof, an amount equal to the sum of: 
 (a) eighty-five percent (85%) of US Borrowing Base Obligors’ Eligible
Accounts, plus 
 (b) lesser of (i) eighty-five percent (85%) of US Borrowing Base Obligors’ Eligible Bill and
Hold Receivables, and (ii) US$10,000,000, plus 
 (c) the lesser of (i) fifty percent (50%) of US Borrowing
Base Obligors’ Eligible Inventory, or (ii) US$26,500,000, plus 
 (d) the lesser of (i) 80% of the cost of
Eligible Used Equipment Amount to be used for resale or rent, or (ii) US$2,000,000 in the aggregate for the term of the US Revolving Credit, 

provided that (x) the US Borrowing Base shall be determined on the basis of the most current US Borrowing Base Certificate required or
permitted to be submitted hereunder, and (y) the amount determined as the US Borrowing Base shall be subject to, without duplication, any reserves for contras/offsets, drop ship receivables, inventory-in-transit, potential offsets due to
customer deposits, discount arrangements, chargebacks, disputed accounts (or potential chargebacks or disputed accounts), and such other reserves as reasonably established by the US Agent, at the direction or with the concurrence of the Majority US
Revolving Lenders from time to time, including, without limitation any reserves or other adjustments established by the US Agent or the Majority US Revolving Credit Lenders on the basis of any subsequent collateral audits conducted hereunder, all in
accordance with ordinary and customary asset-based lending standards, as reasonably determined by the US Agent and the Majority US Revolving Credit Lenders. 

(c) Section 2.12 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“2.12 Use of Proceeds of Advances. Advances of the US Revolving Credit shall be used to (i) finance a portion
of the ASV Equity Investment up to the maximum amount of US$5,000,000, and (ii) the US Borrowers’ working capital and such other lawful corporate purposes.” 

(d) Paragraph (h) of Section 8.1 (Limitation on Debt) of the Credit Agreement is hereby amended and restated in its entirety as
follows: 
 “(h) the unsecured debt of Parent to Terex Corporation in the aggregate amount of US$1,4000,000 evidenced by a promissory
note dated on or about December 19, 2014, and additional unsecured Debt not otherwise described in paragraphs (a) through (g) above, provided that both at the time of and immediately after giving effect to the incurrence thereof
(i) no Default or Event of Default shall have occurred and be continuing or result therefrom and (ii) the aggregate amount of all such Debt shall not exceed US$500,000, or the Equivalent Amount in Canadian Dollars at any one time
outstanding;” 
 (e) Section 8.1 (Limitation on Debt) of the Credit Agreement is hereby amended by deleting the “.” at
end of paragraph (i) and replacing it with “; and” and the following paragraph (j) is hereby added to Section 8.1: 

  
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 “(j) Debt owing from Parent to Terex Corporation pursuant to an unsecured
convertible debenture in the maximum amount of US$7,500,000 to finance a portion of the purchase price of the ASV Joint Venture.” 

(f) Section 8.5 (Restricted Payments) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“8.5 Restricted Payments. Declare or make any distributions, dividend, payment or other distribution of assets,
properties, cash, rights, obligations or securities (collectively, “Distributions”) on account of any of its Equity Interests, as applicable, or purchase, redeem or otherwise acquire for value any of its Equity Interests, as applicable, or
any warrants, rights or options to acquire any of its Equity Interests, now or hereafter outstanding (collectively, “Purchases”), except that: 

(a) each Credit Party may pay cash Distributions to any Borrower; 

(b) US Borrower may issue Equity Interests, warrants and/or options in satisfaction of the convertible debenture issued by
Parent pursuant to the ASV Joint Venture; and 
 (c) each Credit Party may declare and make Distributions payable in the
Equity Interests of such Credit Party, provided that the issuance of such Equity Interests does not otherwise violate the terms of this Agreement and no Default or Event of Default has occurred and is continuing at the time of making such
Distribution or would result from the making of such Distribution.” 
 (g) Section 8.7 (Limitation on Investments, Loans and
Advances) of the Credit Agreement is hereby amended by deleting the “.” at end of paragraph (i) and replacing it with “; and” and the following paragraph (j) is hereby added to Section 8.7: 

“(j) the ASV Joint Venture.” 

(h) Following the completion of the ASV Joint Venture, A.S.V. Inc. (“ASV”) shall be a Subsidiary of Parent. Notwithstanding anything
to the contrary provided in the Credit Agreement, ASV shall be an Unrestricted Subsidiary and as such shall not be included as a Subsidiary for the purposes of the financial covenants, negative covenants or affirmative covenants, save and except to
the extent included in the financial reporting of Parent as provided in Section 7.1 of the Credit Agreement. 
 (i) Paragraph
(b) of Section 10.4 of the Credit Agreement is hereby amended to correct a scriveners error in section references, changing the reference to “Section 13.10” to “Section 13.11”. 

(j) Annex II (Percentage and Allocation) to the Credit Agreement is hereby deleted and replaced in its entirety with Annex II attached hereto.

 (k) Schedule 1.1 (Compliance Information) to the Credit Agreement is hereby deleted and replaced in its entirety with Schedule 1.1
attached hereto. 
 (l) Schedule 5.1(b) (Jurisdictions in which Credit Parties Do Business) to the Credit Agreement is hereby deleted and
replaced in its entirety with Schedule 5.1(b) attached hereto. 
 (m) Schedule 6.18 (Subsidiaries) to the Credit Agreement is hereby deleted
and replaced in its entirety with Schedule 6.18 attached hereto. 

  
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 (n) Schedule 6.20 (Capital Structure) to the Credit Agreement is hereby deleted and replaced in
its entirety with Schedule 6.20 attached hereto. 
 3. Covenant. The Borrowers hereby covenant and agree to reimburse Agents for
inventory appraisals on the US Borrowing Base Obligors and Canadian Borrower (excluding holding companies) with appraisal companies satisfactory to Agent, which appraisals are to be ordered within 15 Business Days of the Fifth Amendment Effective
Date. 
 4. Consent. Agents and the Majority Lenders hereby confirm, that notwithstanding Section 8.1 (Limitation on Debt),
Section 8.5 (Restricted Payments) or Section 8.7 (Limitation on Investments) of the Credit Agreement, the Majority Lenders consent to the ASV Joint Venture. This consent is not a waiver of or consent to any other event, condition,
transaction, act or omission whether related or unrelated to the ASV Joint Venture which would otherwise be a violation of the terms and conditions of the Credit Agreement. 

5. Representations and Warranties. The Borrowers represent, warrant, and agree that: 

(a) Except as expressly modified in this Amendment, the representations, warranties, and covenants set forth in the Credit 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, other than
those representations and warranties that expressly relate solely to a specific earlier date, which shall remain correct as of such earlier date. 

(b) 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. The Credit Agreement, as amended, along with each related document, agreement and instrument, is ratified and confirmed and shall remain in full force and effect and the Credit
Parties further represent and warrant that they have taken all actions necessary to authorize the execution and performance of such documents. 

(c) There is no Default or Event of Default existing under the Credit Agreement, or any related document, agreement, or instrument, and no
event has occurred or condition exists that is or, with the giving of notice or lapse of time or both, would be such a default. 
 (d) As
applicable to each such Credit Party, the articles of incorporation, articles of formation, articles of amalgamation, bylaws, operating agreements and resolutions and incumbency certificates of the Borrowers and the Guarantors delivered to US Agent
and Canadian Agent in connection with the Credit Agreement on or about August 19, 2013, have not been repealed, amended or modified since the date of delivery thereof and that same remain in full force and effect. 

6. Successors and Assigns. This Amendment shall inure to the benefit of and be binding upon the parties and their respective successors
and assigns. 
 7. Governing Law. The parties agree that the terms and provisions of this Amendment shall be governed by and
construed in accordance with the laws of the State of Michigan without regard to principles of conflicts of law. 
 8. No Defenses.
The Credit Parties acknowledge, confirm, and warrant to US Agent, Canadian Agent and the Lenders that as of the date hereof the Credit Parties have absolutely no defenses, claims, rights of set-off, or counterclaims against US Agent, Canadian Agent
and the Lenders under, arising out of, or in connection with, this Amendment, the Credit Agreement, the Loan Documents and/or the individual advances under the Obligations, or against any of the indebtedness evidenced or secured thereby. 

  
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 9. Ratification. Except for the modifications under this Amendment, the parties ratify and
confirm the Credit Agreement and the Loan Documents and agree that they remain in full force and effect. 
 10. Further Modification; No
Reliance. This Amendment may be altered or modified only by written instrument duly executed by the Credit Parties and the Lenders. In executing this Amendment, the Credit Parties are not relying on any promise or commitment of US Agent,
Canadian Agent and/or the Lenders that is not in writing signed by the applicable Agent and/or the Lenders. 
 11. Acknowledgment and
Consent of Guarantors. Each of the US Credit Parties has guaranteed the payment and performance of the Obligations by Borrowers pursuant to Guaranty dated August 19, 2013 (the “Guaranty”) and with respect to North American
Distribution, Inc. and North American Equipment, Inc. by way of joinder dated as of even date herewith (“Joinder Agreement”). Each of the Guarantors, by signing below, acknowledges and consents to the execution, delivery and performance of
this Amendment, and agrees that the Guaranty and Joinder Agreement, as applicable, remains in full force and effect. Each of the Guarantors further represents that it is in compliance with all of the terms and conditions of its Guaranty or as
applicable its Joinder Agreement. 
 12. Expenses. Borrowers shall promptly pay all out-of-pocket fees, costs, charges, expenses, and
disbursements of US Agent, Canadian Agent and the Lenders incurred in connection with the preparation, execution, and delivery of this Amendment, and the other documents contemplated by this Amendment. 

13. Effectiveness and Counterparts. This Amendment may be executed in as many counterparts as US Agent, Canadian Agent, the Lenders and
the Borrowers deem convenient, and shall become effective upon delivery to US Agent and Canadian Agent of: (i) all executed counterparts hereof from the Lenders and from Borrowers and each of the Guarantors; (ii) the documents listed on
the Closing Checklist attached hereto as Exhibit A; and (iii) any other documents or items which US Agent or Canadian Agent may require to carry out the terms hereof. 

[Signature Pages Follow] 

  
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 This Amendment No. 5 to Credit Agreement is executed and delivered on the Fifth Amendment
Effective Date. 
  

			
	COMERICA BANK, as US Agent
		
	By:	 	 /s/ James Q. Goudie, III

		 	James Q. Goudie, III
	Its:	 	Vice President

  

			
	COMERICA BANK, as US Lender, as US Issuing Lender, and as US Swing Line Lender
		
	By:	 	 /s/ James Q. Goudie, III

		 	James Q. Goudie, III
	Its:	 	Vice President

  

			
	COMERICA BANK, as Canadian Agent
		
	By:	 	 /s/ Prashant Prakash

		 	Prashant Prakash
	Its:	 	Portfolio Risk Manager

  

			
	COMERICA BANK, as Canadian Lender, as Canadian Issuing Lender, and as Canadian Swing Line Lender
		
	By:	 	 /s/ Prashant Prakash

		 	Prashant Prakash
	Its:	 	Portfolio Risk Manager


  
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 [Signature Page – US Lender] 

 

			
	FIFTH THIRD BANK, as US Lender
		
	By:	 	 /s/ Matthew Berman

		 	Matthew Berman
	Its:	 	Assistant Vice President


  
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 [Signature Page US Borrowers] 

 

			
	MANITEX INTERNATIONAL, INC.
		
	By:	 	 /s/ Andrew M. Rooke

		 	Andrew M. Rooke
	Its:	 	President


  

			
	MANITEX, INC.
		
	By:	 	 /s/ Andrew M. Rooke

		 	Andrew M. Rooke
	Its:	 	President


  

			
	MANITEX SABRE, INC.
		
	By:	 	 /s/ Andrew M. Rooke

		 	Andrew M. Rooke
	Its:	 	Vice President


  

			
	BADGER EQUIPMENT COMPANY
		
	By:	 	 /s/ Andrew M. Rooke

		 	Andrew M. Rooke
	Its:	 	Vice President


  

			
	MANITEX LOAD KING, INC.
		
	By:	 	 /s/ Andrew M. Rooke

		 	Andrew M. Rooke
	Its:	 	Vice President



  
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 [Signature Page Canadian Borrower] 

 

			
	MANITEX LIFTKING, ULC
		
	By:	 	 /s/ Andrew M. Rooke

		 	Andrew M. Rooke
	Its:	 	Vice President



  
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 [Signature Page US Guarantors] 

 

									
	GUARANTORS:	 		 		 	
			
	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	 		 	NORTH AMERICAN EQUIPMENT, INC.
					
	By:	 	 /s/ Andrew M. Rooke
	 		 	By:	 	 /s/ Andrew M. Rooke

		 	Andrew M. Rooke	 		 		 	Andrew M. Rooke
	Its:	 	Vice President	 		 	Its:	 	Vice President
			
	NORTH AMERICAN DISTRIBUTION, INC.	 		 	
					
	By:	 	 /s/ Andrew M. Rooke
	 		 		 	
		 	Andrew M. Rooke	 		 		 	
	Its:	 	Vice President	 		 		 	


  
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 ANNEX II 

PERCENTAGES AND ALLOCATIONS 

REVOLVING CREDIT FACILITIES 
  

																									
	 Lenders
	  	US
Revolving
Credit
Percentage	 	 	US Revolving
Credit
Allocations	 	  	Canadian
Revolving
Credit
Percentage	 	 	Canadian
Revolving
Credit
Allocations	 	  	Total
Allocations	 	  	Weighted
Percentage	 
	 Comerica Bank
	  	 	75	% 	 	US$	30,000,000.00	  	  	 	100	% 	 	US$	9,000,000.00	  	  	US$	39,000,000.00	  	  	 	79.59	% 
	 Fifth Third Bank
	  	 	25	% 	 	US$	10,000,000.00	  	  	 	0.0	% 	 	 	US$0.00	  	  	US$	10,000,000.00	  	  	 	20.41	% 
	 TOTALS
	  	 	100	% 	 	US$	40,000,000.00	  	  	 	100	% 	 	US$	9,000,000.00	  	  	US$	49,000,000.00	  	  	 	100	% 


  
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 Schedule 1.1 

Compliance Information 
  

									
	 Correct Legal
Name
	  	Address	  	Type of
Organization	  	Jurisdiction
of
Organization	  	 Tax identification number
and other
identification
numbers

	Manitex International, Inc.	  	9725 Industrial
Drive Bridgeview,
Illinois 60455	  	Corporation	  	Michigan	  	 Tax: 
  

Organizational: 

					
	Manitex, Inc.	  	9725 Industrial
Drive Bridgeview,
Illinois 60455	  	Corporation	  	Texas	  	 Tax: 
  

Organizational: 

					
	Manitex Sabre, Inc.	  	9725 Industrial
Drive Bridgeview,
Illinois 60455	  	Corporation	  	Michigan	  	 Tax: 
  

Organizational: 

					
	Badger Equipment Company	  	9725 Industrial
Drive Bridgeview,
Illinois 60455	  	Corporation	  	Minnesota	  	 Tax: 
  

Organizational: 

					
	Manitex Load King, Inc.	  	9725 Industrial
Drive Bridgeview,
Illinois 60455	  	Corporation	  	Michigan	  	 Tax: 
  

Organizational: 

					
	Manitex Liftking, ULC	  	9725 Industrial
Drive Bridgeview,
Illinois 60455	  	Unlimited
Liability
Company	  	Alberta	  	Organizational: 
					
	Liftking, Inc.	  	9725 Industrial
Drive Bridgeview,
Illinois 60455	  	Corporation	  	Michigan	  	 Tax: 
  

Organizational: 

					
	Manitex, LLC	  	9725 Industrial
Drive Bridgeview,
Illinois 60455	  	Limited
Liability
Company	  	Delaware	  	 Tax: 
  

Organizational: 

					
	North American Equipment, Inc.	  	9725 Industrial
Drive Bridgeview,
Illinois 60455	  	Corporation	  	Illinois	  	 Tax: 
  

Organizational: 

					
	North American Distribution, Inc.	  	9725 Industrial
Drive Bridgeview,
Illinois 60455	  	Corporation	  	Illinois	  	 Tax: 
  

Organizational: 



  
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 Schedule 5.1(b) 

Jurisdictions in Which Credit Parties Do Business 
  

			
	 Credit Party
	  	Jurisdiction
	 Manitex International, Inc.
	  	Michigan, Illinois
	 Manitex, Inc.
	  	Texas, Louisiana
	 Manitex Sabre, Inc.
	  	Michigan
	 Badger Equipment Company
	  	Minnesota
	 Manitex Load King, Inc.
	  	Michigan, Louisiana and South
Dakota
	 Liftking, Inc.
	  	Michigan
	 Manitex, LLC
	  	Delaware
	 North American Equipment, Inc.
	  	Illinois
	 North American Distribution, Inc.
	  	Illinois


  
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 SCHEDULE 6.18 

RESTRICTED SUBSIDIARIES 
  

			
	 Credit Party
	  	 Restricted Subsidiaries

		
	Manitex International, Inc.	  	 Manitex Load King, Inc.
  

Manitex Sabre, Inc.
  

Badger Equipment Company
  

Quantum Value Management
  

CVS Farrari S.R.L.
  

Liftking, Inc.
  

Manitex, LLC
  

North American Equipment, Inc.
  

North American Distribution, Inc.

		
	Manitex, Inc.	  	None
		
	Manitex Sabre, Inc.	  	None
		
	Badger Equipment Company	  	None
		
	Manitex Load King, Inc.	  	None
		
	Manitex Liftking, ULC	  	None
		
	Liftking, Inc.	  	Manitex Liftking, ULC
		
	Manitex, LLC	  	Manitex, Inc.
		
	North American Equipment, Inc.	  	None
		
	North American Distribution, Inc.	  	None

  

			
	 Credit Party
	  	 Unrestricted Subsidiaries

		
	Manitex International, Inc.	  	A.S.V. Inc.


  
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 Schedule 6.20 

Capital Structure 
  

							
	 Credit Party
	  	 Authorized
Capital
(including par value)
	  	 Issued Capital
	  	 Registered
Holder(s)

				
	 Manitex International, Inc.
  

(As of August 5, 2013)
	  		  		  	
				
	Preferred	  	150,000 (No par)	  	0	  	Not applicable
				
	Common	  	20,000,000 (No par)	  	12,295,879	  	Public traded
				
	Manitex, Inc.	  	1,000 (No par)	  	1,000	  	Manitex, LLC
				
	Manitex Sabre, Inc.	  	1,000 (No par)	  	100	  	Manitex International, Inc.
				
	Badger Equipment Company	  	1,000 (No par)	  	1,000	  	Manitex International, Inc.
				
	Manitex Load King, Inc.	  	1,000 (No par)	  	100	  	Manitex International, Inc.
				
	Manitex Liftking, ULC	  	N/A	  	N/A	  	Liftking, Inc.
				
	Liftking, Inc.	  	60,000 (0.001 Par)	  	5,000	  	Manitex International, Inc.
				
	Manitex, LLC	  	N/A	  	N/A	  	Manitex International, Inc.
				
	North American Equipment, Inc.	  	1,000 (No par)	  	100	  	Manitex International, Inc.
				
	North American Distribution, Inc.	  	1,000 (No par)	  	100	  	Manitex International, Inc.


  
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 EXHIBIT “A” 

[ATTACH CLOSING CHECKLIST] 

DOCUMENTATION CHECKLIST 
  

			
	 US Borrowers:
	    	 Manitex International, Inc., a Michigan corporation

Manitex, Inc. a Texas corporation
 Manitex Sabre, Inc., a Michigan
corporation
 Badger Equipment Company, a Minnesota corporation

Manitex Load King, Inc., a Michigan corporation

		
	 Canadian Borrower:
	    	Manitex Liftking, ULC, an Alberta corporation
		
	 Agent:
	    	 Comerica Bank, as US Agent for all Lenders

Comerica Bank, as Canadian Agent for all Canadian Lenders

		
	 Guarantors:
	    	 Liftking, Inc. (with respect to debt of US Borrowers and Canadian Borrower)

Manitex, LLC (with respect to debt of Canadian Borrower)
 All US
Borrowers (with respect to debt of Canadian Borrower)
 North American Distribution, Inc. (New – add by Joinder) (“Distribution”)

North American Equipment, Inc. (New – add by Joinder) (“Equipment”)

		
	 Subordinate Creditor:
	    	Terex Corporation
		
	 Transaction:
	    	Amendment No. 5 and Add new guarantors
		
	 Closing Date:
	    	December 19, 2014

  
  

	I.	LOAN DOCUMENTATION 

  

	 	A.	Loan Documents 

  

	 	1.	Amendment No. 5 to Credit Agreement 

  

	 	2.	Closing Certificate 

  

	 	B.	Guaranties / Collateral Instruments/Agreements 

  

	 	3.	Subordination Agreement 

  

	 	4.	Joinder Agreement (Guaranty) – North American Equipment, Inc. 

  

	 	5.	Joinder Agreement (Security Agreement) – North American Equipment, Inc. 

  

	 	6.	Joinder Agreement (Guaranty) – North American Distribution, Inc. 


  
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	 	7.	Joinder Agreement (Security Agreement) – North American Distribution, Inc. 

  

	 	8.	UCC-1 Financing Statement 

  

	 	(a)	North American Distribution, Inc. 

  

	 	(b)	North American Equipment, Inc. 

  

	 	9.	Assignment separate from Stock in Blank 

  

	 	(a)	North American Distribution, Inc. 

  

	 	(b)	North American Equipment, Inc. 

  

	 	10.	Original Stock Certificates to be delivered to Agent 

  

	 	(a)	North American Distribution, Inc. 

  

	 	(b)	North American Equipment, Inc. 

  

	II.	DUE DILIGENCE DOCUMENTATION 

  

	 	11.	UCC and Tax Lien Search 

  

	 	(a)	Manitex International, Inc. (Michigan) 

  

	 	(b)	Manitex, Inc. (Texas) 

  

	 	(c)	Manitex Sabre, Inc. (Michigan) 

  

	 	(d)	Badger Equipment Company (Minnesota) 

  

	 	(e)	Manitex Load King, Inc. (Michigan) 

  

	 	(f)	Liftking, Inc. (Michigan) 

  

	 	(g)	Manitex, LLC (Delaware) 

  

	 	(h)	North American Distribution, Inc. (Illinois) 

  

	 	(i)	North American Equipment, Inc. Illinois) 

  

	 	12.	Certificates of Insurance listing all credit parties adding the following: 

  

	 	(a)	Distribution 

  

	 	(b)	Equipment 

  

	 	13.	W-9’s for Distribution and Equipment 


  
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	III.	ORGANIZATION DOCUMENTATION 

  

	 	A.	NORTH AMERICAN DISTRIBUTION, INC., an Illinois corporation 


	 	 	NORTH AMERICAN EQUIPMENT, INC., an Illinois corporation 

  

	 	14.	Omnibus Certificate of Secretary 

  

	 	(a)	Exhibit A-1 Articles of Incorporation – North American Equipment, Inc. 

  

	 	(b)	Exhibit A-2 Articles of Incorporation – North America Distribution, Inc. 

  

	 	(c)	Exhibit B-1 Bylaws – North American Equipment, Inc. 

  

	 	(d)	Exhibit B-2 Bylaws – North American Distribution, Inc. 

  

	 	(e)	Exhibit C-1 Resolutions – North American Equipment, Inc. 

  

	 	(f)	Exhibit C-2 Resolutions – North American Distribution, Inc. 

  

	 	15.	Certificate of Good Standing (IL) – North American Distribution, Inc., an Illinois corporation 

  

	 	16.	Certificate of Good Standing (IL) – North American Equipment, Inc., an Illinois corporation 


  
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