Document:

EX10.1

Exhibit 10.1

SECOND AMENDMENT TO SECOND AMENDED AND RESTATED
CREDIT AGREEMENT
This Second Amendment to Second Amended and Restated Credit Agreement (this "Amendment Agreement") is dated as of April 29, 2014 by and among Coast Crane Company, Coast Crane Ltd., CC Acquisition Holding Corp., the other Credit Parties signatory hereto, the other Lenders signatory hereto and General Electric Capital Corporation, as Agent.
W I T N E S S E T H :
WHEREAS, the Credit Parties, the lenders party thereto, and the Agent entered into that certain Second Amended and Restated Credit Agreement dated as of March 12, 2013 and amended as of February 21, 2014 (the "Credit Agreement"); and
WHEREAS, the Lenders and the Agent have agreed to further amend the Credit Agreement to effect certain changes thereto requested by the Credit Parties as set forth herein.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
		
	1.
	Defined Terms. Capitalized terms used herein and not otherwise defined herein shall have the meanings attributed to such terms in the Credit Agreement, as amended hereby.

		
	2.
	Amendments to Credit Agreement.

2.1.   Section 6.1 of the Credit Agreement is hereby amended by deleting the first paragraph thereof in its entirety and replacing it with the following:
The Credit Parties shall not permit the Fixed Charge Coverage Ratio as of the last day of (a) April 2014 for the twelve fiscal month period then ended to be less than 0.88 to 1.00, (b) May 2014 for the twelve fiscal month period then ended to be less than 1.00 to 1.00, (c) June 2014 for the twelve fiscal month period then ended to be less than 1.10 to 1.00 or (d) any fiscal month thereafter for the twelve fiscal month period then ended to be less than 1.20 to 1.00.  “Fixed Charge Coverage Ratio” shall be calculated in the manner set forth in Exhibit 4.2(b).
2.2.   Section 6.4 is hereby added to the Credit Agreement as follows:
6.4   Minimum EBITDA.  The Credit Parties shall not permit their Consolidated EBITDA as of the last day of any month below for the twelve fiscal month period then ended to be less than the amount set forth below for such month.  “Consolidated EBITDA” shall be calculated in the manner set forth in Exhibit 4.2(b).
	
			
	Month
	 
	Minimum EBITDA

	March, April, May, June, July and August 2014
	 
	$7,700,000

	September, October and November 2014
	 
	$7,850,000

	December 2014, January and February 2015
	 
	$8,000,000

	March, April and May 2015
	 
	$8,150,000

	June 2015 and thereafter
	 
	$8,300,000

		
	3.
	Waiver.  The undersigned Lenders hereby waive any Event of Default arising under Section 7.1(c) of the Credit Agreement as a result of the Borrowers’ breach of Section 6.1(b) of the Credit Agreement for the twelve fiscal month period ending March 31, 2014, so long as the Borrowers’ Fixed Charge Coverage Ratio for such period is at least equal to 1.00 to 1.00.

		
	4.
	Conditions to Effectiveness.  The effectiveness of this Amendment Agreement is expressly conditioned upon the execution of this Amendment Agreement by the Credit Parties, the Agent and each of the Lenders and the satisfaction of the following conditions:

Exhibit 10.1

		
	(a)
	Consent and Reaffirmation.  Each Credit Party shall have executed and delivered a Consent and Reaffirmation in the form of Exhibit A attached hereto.

		
	(b)
	Payment of Fees and Expenses.  The Credit Parties shall have paid (i) an amendment fee in an amount equal to 25 basis points times the aggregate outstanding principal amount of the Term Loans and the aggregate Revolving Loan Commitments, in immediately available funds to the Agent, for the ratable benefit of the Lenders, based on their shares of the aggregate outstanding principal amount of the Term Loans and the aggregate Revolving Loan Commitments, and (ii) all other fees, costs and expenses owing to the Agent and the Lenders on the date hereof in connection with the transactions contemplated hereby.

		
	(c)
	Other Documents.  The Borrowers shall provide such other documents, instruments and agreements as the Agent may reasonably request.

		
	5.
	Representations and Warranties of the Credit Parties.

		
	(a)
	Each Credit Party is in good standing in its jurisdiction of incorporation or formation and is duly qualified in each jurisdiction where, because of the nature of its activities or properties, such qualification is required, except for such jurisdictions where the failure to so qualify could not reasonably be expected to have a Material Adverse Effect, and has all requisite power and authority to execute, deliver and perform this Amendment Agreement.

		
	(b)
	The execution, delivery and performance of this Amendment Agreement (i) have been duly authorized by all requisite action of the Credit Parties and (ii) will not (A) contravene the terms of any Credit Party’s charter, by-laws or other organizational documents, (B) violate any provision of applicable law, or (C) conflict with or result in any material breach or contravention of, or the creation of any Lien under, any document evidencing any material contractual obligation to which any Credit Party is a party or any order, injunction, writ or decree of any governmental authority to which any Credit Party or its property is subject.

		
	(c)
	Each of the Credit Parties represents and warrants that the execution, delivery and performance by each of the Credit Parties of this Amendment Agreement and the documents and instruments delivered in connection therewith have been duly authorized by all necessary corporate action and that this Amendment Agreement is a legal, valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its terms, except as the enforcement thereof may be subject to (i) the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforcement is sought in a proceeding in equity or at law).

		
	(d)
	Each of the Credit Parties hereby certifies that each of the representations and warranties contained in the Credit Agreement and the other Loan Documents (as amended through the date hereof) is true and correct in all material respects on and as of the date hereof as if made on the date hereof, except to the extent that any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall be true and correct on and as of such earlier date.

		
	(e)
	After giving effect to this Amendment Agreement, no Default or Event of Default exists on the date hereof.

		
	6.
	Reference to and Effect on the Credit Agreement.

		
	(a)
	Upon the effectiveness of this Amendment Agreement, each reference in the Credit Agreement to "this Agreement," "hereunder," "hereof," "herein" or words of like import and each reference to the Credit Agreement in each Loan Document shall mean and be a reference to the Credit Agreement as amended hereby.

		
	(b)
	Except as specifically amended above, all of the terms, conditions and covenants of the Credit Agreement and the other Loan Documents shall remain unaltered and in full force and effect and shall be binding upon the Credit Parties in all respects and are hereby ratified and confirmed.

		
	(c)
	Except as specifically set forth above, the execution, delivery and effectiveness of this Amendment Agreement shall not operate as a waiver of (i) any right, power or remedy of any Lender or the Agent under the Credit Agreement or any of the other Loan Documents, or (ii) any Event of Default or Default under the Credit Agreement.

Exhibit 10.1

		
	7.
	CHOICE OF LAW.  THIS AMENDMENT AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK.

		
	8.
	Execution in Counterparts.  This Amendment Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

		
	9.
	Headings.  Section headings in this Amendment Agreement are included herein for convenience of reference only and shall not constitute a part of this Amendment Agreement for any other purposes.

[signature pages follow]

Exhibit 10.1

IN WITNESS WHEREOF, the Credit Parties, the Agent and the Lenders have executed this Amendment Agreement as of the date first above written.
	
			
	 
	 
	COAST CRANE COMPANY

	 
	 
	 

	 
	By:
	/s/ Kory M. Glen

	 
	Title:
	Chief Financial Officer

	 
	 
	 

	 
	 
	COAST CRANE LTD

	 
	 
	 

	 
	By:
	/s/ Kory M. Glen

	 
	Title:
	Chief Financial Officer

	 
	 
	 

	 
	 
	CC ACQUISITION HOLDING CORP.

	 
	 
	 

	 
	By:
	/s/ Kory M. Glen

	 
	Title:
	Chief Financial Officer

	 
	 
	 

	 
	 
	GENERAL ELECTRIC CAPITAL CORPORATION, as Administrative Agent, Swingline Lender and as a Term Lender, US Revolving Lender and Canadian Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Justin Grimm

	 
	Title:
	Duly Authorized Signatory

	 
	 
	 

	 
	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Documentation Agent and Lender

	 
	 
	 

	 
	By:
	/s/ Laura Nickas

	 
	Title:
	Vice President

	 
	 
	 

	 
	 
	PNC BANK, NATIONAL ASSOCIATION, as a Lender

	 
	 
	 

	 
	By:
	/s/ James Simpson

	 
	Title:
	Vice President

	 
	 
	 

	 
	 
	CAPITAL ONE BUSINESS CREDIT CORP. (f/k/a Capital One Leverage Finance Corp.), as a Lender

	 
	 
	 

	 
	By:
	/s/ Michael D. Gullo

	 
	Title:
	Vice President

	 
	 
	 

Exhibit 10.1

EXHIBIT A
CONSENT AND REAFFIRMATION
Each of the undersigned (“Guarantors”) hereby (i) acknowledges receipt of a copy of the Second Amendment to Second Amended and Restated Credit Agreement dated as of April 29, 2014 (the “Second Amendment”); (ii) consents to the execution and delivery thereof by the Credit Parties; (iii) agrees to be bound thereby; (iv) affirms that nothing contained therein shall modify in any respect whatsoever its guaranty of the obligations of the Credit Parties to Agent and Lenders pursuant to the terms of that certain Amended and Restated Guaranty and Security Agreement dated as of March 12, 2013 (the “Agreement”), and (v) reaffirms that the Agreement is and shall continue to remain in full force and effect.  Although each of the Guarantors has been informed of the matters set forth herein and in the Second Amendment and has acknowledged and agreed to same, such Guarantors understand that Agent and Lenders have no obligation to inform any of the Guarantors of such matters in the future or to seek any of the Guarantors’ acknowledgment or agreement to future amendments or waivers, and nothing herein shall create such a duty.
This Consent and Reaffirmation shall be governed by and construed in accordance with the laws of the State of New York, without reference to principles of conflicts of law.
[signature pages follow]

Exhibit 10.1

IN WITNESS WHEREOF, each of the undersigned has executed this Consent and Reaffirmation on and as of the date first above written.

	
			
	 
	 
	COAST CRANE COMPANY

	 
	 
	 

	 
	By:
	/s/ Kory M. Glen

	 
	Title:
	Chief Financial Officer

	 
	 
	 

	 
	 
	COAST CRANE LTD

	 
	 
	 

	 
	By:
	/s/ Kory M. Glen

	 
	Title:
	Chief Financial Officer

	 
	 
	 

	 
	 
	CC ACQUISITION HOLDING CORP.

	 
	 
	 

	 
	By:
	/s/ Kory M. Glen

	 
	Title:
	Chief Financial OfficerFIG-EX4.3_2014.3.31-Q1

EXHIBIT 4.3
AMENDMENT NO. 1 TO 
SHAREHOLDERS AGREEMENT
This AMENDMENT NO. 1 TO SHAREHOLDERS AGREEMENT, is made as of July 16, 2010 (this "Amendment"), by and among Fortress Investment Group LLC, a Delaware limited liability company ("Fortress"), and Peter L. Briger, Jr., Wesley R. Edens, Robert I. Kauffman, Randal A. Nardone and Michael E. Novogratz (the "Initial Shareholders").  Capitalized terms used, but not otherwise defined herein, shall have the respective meanings ascribed thereto in the Shareholders Agreement, dated as of February 13, 2007 (the "Agreement"), by and among Fortress and the Initial Shareholders. 
WHEREAS, the parties hereto desire to amend the Agreement as set forth herein.
NOW, THEREFORE, in consideration of the mutual covenants and undertakings contained herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
1.Amendment to the Definition of "Permitted Transferee."  The definition of "Permitted Transferee" contained in Section 1.1 of the Agreement is hereby amended to read in its entirety as follows:
"PERMITTED TRANSFEREE" shall mean with respect to each Principal and his Permitted Transferees (a) such Principal's spouse, (b) a lineal descendant of the maternal or paternal grandparents of such Principal, the spouse of any such descendant or a lineal descendant of any such spouse, (c) a lineal descendant of the maternal or paternal grandparents of such Principal's spouse, the spouse of any such descendant or a lineal descendant of any such spouse, (d) a Charitable Institution (as defined below), (e) a trustee of a trust (whether inter vivos or testamentary), all of the current beneficiaries and presumptive remaindermen of which are one or more of such Principal and persons described in clauses (a) through (d) of this definition, (f) a corporation, limited liability company or partnership, of which all of the outstanding shares of capital stock or interests therein are owned by one or more of such Principal and Persons described in clauses (a) through (e) of this definition; provided, however, that any subsequent transfer of any portion of the Beneficial Ownership of the entity such that it is Beneficially Owned in any part by a Person other than an Principal and/or a Person described in clauses (a) through (e) of this definition, will not be deemed to be to a transfer to a Permitted Transferee, (g) an individual mandated under a qualified domestic relations order, (h) a legal or personal representative of such Principal in the event of his death or Disability (as defined below), (i) any other Principal with respect to transactions contemplated by the Principals Agreement, (j) any other Principal who is then employed by Fortress or any of its Affiliates or any Permitted Transferee of such Principal in respect to any transaction not contemplated by the Principals Agreement and (k) in the case of Mr. Novogratz, MN1 LLC, a Delaware limited liability company.  For purpose of this definition: (i) "lineal descendants" shall not include individuals adopted after attaining the age of eighteen (18) years and such adopted Person's descendants; (ii) 

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"Charitable Institution" shall refer to an organization described in section 501(c)(3) of the Code (or any corresponding provision of a future United State Internal Revenue law) which is exempt from income taxation under section 501(a) thereof; (iii) "presumptive remaindermen" shall refer to those Persons entitled to a share of a trust's assets if it were then to terminate; and (iv) "Disability" shall refer to any physical or mental incapacity which prevents a Principal from carrying out all or substantially all of his duties under his employment agreement with Fortress in such capacity for any period of one hundred twenty (120) consecutive days or any aggregate period of six (6) months in any 12-month period, as determined by a majority of the members of the Board, including a majority of the Principals who are then members of the Board (but for the sake of clarity not including the Principal in respect of which the determination is being made).
2.    Permitted Transferees.  To the extent any Initial Shareholder has transferred Equity Interests to one or more Permitted Transferees, such Initial Shareholder hereby agrees to the foregoing amendment on behalf of such Permitted Transferee, in his capacity as trustee, managing member or other authorized representative of such Permitted Transferee.  
3.    No Other Amendments; Ratification.  Except as otherwise expressly modified hereby, the Agreement shall remain in full force and effect, and all of the terms and provisions of the Agreement, as herein modified, are hereby ratified and reaffirmed. 
4.    Effect of Headings.  The Section headings of this Amendment have been inserted for convenience of reference only and shall not be deemed a part of this Amendment. 
5.    Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE (WITHOUT GIVING EFFECT TO CONFLICT OF LAWS PRINCIPLES THEREOF). 
6.    Counterparts.  This Amendment may be executed in one or more counterparts, each of which shall be deemed an original and all of which shall, taken together, be considered one and the same agreement, it being understood that all parties need not sign the same counterpart. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or other electronic image scan shall be effective as delivery of a manually executed counterpart of this Agreement.
[Signature page follows]

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IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed and delivered, all as of the date first set forth above.
FORTRESS INVESTMENT GROUP LLC
By:     /s/ Randal A. Nardone                  
Name: Randal A. Nardone 
Title:   Principal
/s/ Peter L. Briger, Jr.                                 
Peter L. Briger, Jr.
/s/ Wesley R. Edens                                  
Wesley R. Edens  
/s/ Robert I. Kauffman                              
Robert I. Kauffman
/s/ Randal A. Nardone                              
Randal A. Nardone
/s/ Michael E. Novogratz                          
Michael E. Novogratz

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