Document:

Floorplan and Security Agreement

 Exhibit 10.1 
 FLOORPLAN AND SECURITY AGREEMENT (“Agreement”) 
 December 15, 2008
(DATED) 
 This Floorplan and Security Agreement is entered into by and between: 
  

			
		  	BORROWER:
		
		  	MANITEX INTERNATIONAL, INC.
		  	7402 W. 100th Place
		  	Bridgeview, IL 60455
		  	(“Borrower”)
		
	And	  	
		
		  	SECURED PARTY:
		
		  	HCA EQUIPMENT FINANCE LLC
		  	800 Connecticut Avenue
		  	Norwalk, CT 06854
		  	(“Secured Party”)

 1. Extensions of Credit. 
 (a) Borrower hereby requests Secured Party, and Secured Party hereby agrees pursuant to the terms and conditions hereof, to extend credit to Borrower from time to time (each an “Extension of Credit”
and collectively “Extensions of Credit”), the proceeds of which will be used by Borrower to acquire a portion of the Borrower’s inventory. Any Extensions of Credit shall be made in amounts to be determined by Secured Party, in
Secured Party’s sole discretion, and shall be conditioned upon Borrower’s delivery of such documents, agreements and instruments that Secured Party may require in its sole discretion, all in the form and substance satisfactory to Secured
Party. Borrower acknowledges that no Extension of Credit previously made shall require Secured Party to make any future Extensions of Credit. 
 (b) Upon submission by Borrower of a Request for Extension of Credit in the form attached hereto as Exhibit A, Secured Party is hereby authorized and requested to pay on Borrower’s behalf, the cost of the item(s) of Borrower’s
inventory set forth in such Request for Extension of Credit upon receipt by Secured Party of such notes, purchase orders, invoices, and other sale, lease or consignment agreements, documents, and other instruments (“Underlying
Agreement”) required by Secured Party to evidence the Extension of Credit and the Collateral (as defined below) securing such Extension of Credit. NOTWITHSTANDING ANYTHING CONTAINED HEREIN TO THE CONTRARY, SECURED PARTY, IN ITS SOLE
DISCRETION, SHALL DETERMINE THE 

  

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ELIGIBILITY OF ANY SUCH UNDERLYING AGREEMENT FOR ADVANCES PURSUANT TO THIS AGREEMENT, AND SHALL BE ENTITLED TO ASSUME THAT ALL SUCH UNDERLYING AGREEMENTS ARE
GENUINE AND CORRECT, AND THAT ALL INVENTORY HAS BEEN DELIVERED TO BORROWER IN SATISFACTORY CONDITION. Payments, when so made by Secured Party for an item of Borrower’s Inventory, shall be deemed to be an Extension of Credit to Borrower and
shall become due and payable by Borrower pursuant to the terms of this Agreement or the Underlying Agreement. 
 2. Collateral. 
 (a) The term “Collateral” as used herein shall include all of the following: 
 (1) All motor vehicles, machinery and equipment of the Borrower, of any kind or nature, financed by or leased from the Secured Party,
wherever located, now or hereafter existing, and all parts thereof and all accessions and additions thereto and all replacements and substitutions therefor financed by or leased from the Secured Party (collectively, the
“Equipment”); 
 (2) All inventory of the Borrower in all of its forms, financed by or leased from the
Secured Party, wherever located, now or hereafter existing, including, but not limited to, (i) goods in which the Borrower has any right or interest of any kind, and (ii) goods which are returned to or repossessed by the Borrower and all
accessions to, products of, and documents relating to any of the foregoing (collectively, “Inventory”); 
 (3) All of the Borrower’s accounts, contract rights, chattel paper, instruments, general intangibles, payment intangibles and other obligations of any kind, now or hereafter existing, arising out of or in connection with the use, sale
or lease of Equipment or Inventory or the rendering of services related thereto, and all rights now or hereafter existing in and to all security agreements, leases and other contract rights, chattel paper, instruments, general intangibles and
obligations (“Related Contracts”); 
 (4) All choses in action, causes of action and all other intangible
personal property, now or hereafter existing, arising out of or in connection with Equipment or Inventory, including, but not limited to, all contract rights, corporate or other business records, customer lists, tax refund claims on personal
property, rights and claims against carriers and shippers, and rights to indemnification. 
 (5) All proceeds, products and
profits of any and all of the foregoing Collateral and, to the extent not otherwise included, all payments under insurance, including returned or unearned premiums (whether or not the secured party is the loss payee thereof), or any indemnity,
warranty or guaranty, payable by reason of loss or damage to or otherwise with respect to any of the foregoing Collateral. 
 (b) The
Borrower hereby grants to the Secured Party, a continuing security interest, first in time and priority, in all of the Collateral specified in paragraph 2(a) above. The security interest granted herein shall secure the payment and performance of all

  

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Extensions of Credit and all other outstanding debts, liabilities, and obligations of the Borrower to the Secured Party of any kind or nature including such
as may be evidenced by the Underlying Agreements (“Secured Obligations”). 
 (c) The Collateral shall be security for the
Secured Obligations. Until all of the Secured Obligations have been paid in full, the Secured Party’s security interest in the Collateral shall continue in full force and effect, except for those individual units of Equipment and Inventory that
have been paid for by the Borrower in full. 
 The creation of any other security interest by Borrower in the Collateral violates the rights of the Secured
Party. 
 3. Payment. 
 (a) Borrower shall
repay, and does hereby promise to pay to the order of Secured Party, all Secured Obligations, together with interest thereon, in accordance with the terms set forth in this Agreement and the Underlying Agreement. Except as otherwise specified in any
Underlying Agreement, interest shall accrue on any Secured Obligation from the date of disbursement by Secured Party and shall be computed on the basis of the actual days elapsed over a year of 365 days. All payments of principal and interest on any
Secured Obligation shall be due and payable in lawful money of the United States on the date stated in the Underlying Agreement applicable to such Secured Obligation, and the term of such Secured Obligation shall additionally be stated in any such
Underlying Agreement. All payments shall be applied first to interest and then to principal. The acceptance by Secured Party of any payment which is less than payment in full of all amounts due and owing at time shall not constitute a waiver of
Secured Party’s right to receive payment in full at such time or any prior or subsequent time. 
 (b) Borrower’s obligation to pay
Secured Party the entire amount of each Secured Obligation, together with any and all Interest thereon, shall be absolute and unconditional and shall not be subject to any offset, recoupment or other reduction. All amounts payable pursuant hereto
are payable at Secured Party’s address set forth above or at such other address as Secured Party may specify from time to time in writing. 
 (c) Any payment of a Secured Obligation not made when due shall, at the option of Secured Party, bear late charges thereon calculated at the rate of 1-1/2% per month, but in no event greater than the highest rate permitted by
applicable law; provided however if the Underlying Agreement contains a late charge that is different from the late charge contained in this paragraph 3(c), the late charge contained in such Agreement shall control. 
 4. Representations, Agreements and Covenants of Borrower. 
 (a) The Borrower hereby represents and warrants as of the date hereof that except for the security interest created by this Agreement, the Borrower is the owner of the Collateral free and clear of any lien, security interest or encumbrance,
and that the Borrower will defend the Collateral against all claims and demands of all persons at any time claiming any interest therein. 
  

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 (b) Borrower shall not sell, encumber, grant a security interest in or dispose of or permit the sale,
encumbrance or disposal of any of the Collateral without the Secured Party’s prior written consent, except for sales of the Collateral financed by the Secured Party in the ordinary course of Borrower’s Business. The Borrower shall not
transfer or create chattel paper without placing a legend thereon indicating Secured Party’s security interest therein. 
 (c) Borrower
shall notify the Secured Party within ten (10) days of any change in location of the Collateral from its location as of the date of this Agreement. 
 (d) Borrower shall perform any and all steps requested or required by the Secured Party to perfect the Secured Party’s security interest in the Collateral, such as executing financing or continuation statements
in form and substance satisfactory to the Secured Party. Borrower authorizes Secured Party, in its discretion, to file financing statements and any other documents executed by Borrower or to take other action required by the Uniform Commercial Code
to perfect or maintain the Secured Party’s security interest in the Collateral. Borrower shall permit the Secured Party to inspect the Collateral during normal business hours with or without notice. Borrower hereby irrevocably appoints Secured
Party its attorney-in-fact or agent to execute any financing statements or documents in Borrower’s name, in respect of this Security Agreement, to correct or render acceptable for filing or recording such financing statements or documents.

 (e) Borrower hereby covenants that (1) the Borrower will promptly pay any and all taxes, assessments and governmental charges upon
the Collateral prior to the date penalties are attached thereto, except to the extent that a protest of such taxes, assessments and charges shall be instituted and diligently prosecuted in good faith by the Borrower and (i) Borrower establishes
a reserve with respect to such obligation on the books of Borrower in an amount that is reasonably satisfactory to the Secured Party, (ii) Borrower has given Secured Party notice of any such contest, and (iii) Secured Party is satisfied
that while any such protest is pending there will be no impairment of the enforceability, validity, or priority of any of the Secured Party’s liens in and to the Collateral; (2) the Borrower will immediately notify the Secured Party of any
event causing a substantial loss or diminution in the value of all or any material part of the Collateral and an estimate of the amount of such loss or diminution; and (3) the Borrower will endeavor to collect or cause to be collected from its
customers all amounts owing under or on account of any customer receivable. 
 5. Default. Upon the occurrence of any default in respect of the
Secured Obligations, unless such default has been waived in writing by the Secured Party, or upon the failure of Borrower to observe or perform any of the provisions of this Agreement, which default is not cured within ten (10) days of written
notice in the event of a monetary default and twenty (20) days of written notice in the event of a non-monetary default from the Secured Party to the Borrower, Borrower shall be in default hereunder. In the event of such default, the Secured
Party may exercise any and all rights and remedies of a secured party available under the Uniform Commercial Code and all other applicable law. The Secured Party and/or the holder of a Secured Obligation may be the purchaser of any or all of 

  

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the Collateral sold at any public sale, and thereafter hold the same absolutely free from any right or claim of any kind. At any such sale or other
disposition, the Collateral may be sold in one lot as an entirety or in separate lots, as the Secured Party may, in its sole discretion, determine. The Secured Party shall not be obligated to make any such sale pursuant to any such Notice. The
Secured Party may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for the sale and such may be made at any time or place to which the
same may be adjourned. In case of any sale of all or any part of the Collateral on credit or for future delivery, the Collateral so sold may be retained by the Secured Party until the selling price is paid by the purchaser thereof, but the Secured
Party shall not incur any liability in case of any such failure, such Collateral may again be sold upon like Notice. The Secured Party, instead of exercising the power of sale herein conferred upon it, may proceed by a suit or suits at law or in
equity to foreclose any or all of the Collateral under judgment or decree of a court or courts of competent jurisdiction. 
 (b) The proceeds
of any sale of or other realization upon all or any part of the Collateral shall be applied in the following order of priorities; first, to pay all expenses of such sale or other realization, including reasonable legal fees and costs and all other
expenses, liabilities and advances incurred or made by the Secured Party in connection therewith; second, to the payment of the Secured Obligations, including applicable interest as set forth in the financing arrangement as evidenced by notes,
invoices and other documents entered into by and between the Borrower and the Secured Party; and finally, to pay to the Borrower or its successors or assigns or as a court of competent jurisdiction may direct, any surplus then remaining from such
proceeds. If, in the event of the sale of or any realization upon the Collateral, the proceeds thereof are insufficient to pay all amounts to which the Secured Party is legally entitled, Borrower will be liable for the deficiency, together with
interest thereon at the maximum rate allowed by law. 
 6. Risk of Loss. The Collateral shall at all times be held at Borrower’s risk of loss or
damage. In the event that any Item of Inventory suffers reparable damage, then Borrower shall promptly repair and restore such item to good condition and good working order. In the event that any Item of Inventory is lost, stolen, confiscated,
destroyed, irreparably damaged or otherwise rendered unfit for its originally intended use, then the amount of the Secured Obligation attributable to such item, together with any and all accrued and unpaid interest thereon, shall be accelerated and
become immediately due and payable, without notice or demand by Secured Party. 
 7. Sale of Inventory. So long as Borrower is not in default under
this Agreement, Borrower may sell any Item of Inventory in the regular course of Borrower’s business. All such sales of Inventory shall be for cash, for cash with trade-in, with an irrevocable Letter of Credit for transactions outside the
United States or its territories or on such other terms and conditions as Secured Party may approve in writing. Unless otherwise agreed in writing by Secured Party, in the event of any sale or other disposition of any item of Inventory (with or
without the consent of Secured Party), the amount of the Secured Obligation attributable to such Item of Inventory, together with any and all accrued and unpaid interest thereon, shall be accelerated and become due and payable, without notice or
demand by Secured Party, immediately upon receipt of payment from the respective purchaser or three (3) days from the date of sale, 

  

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whichever occurs earlier. All proceeds resulting from any sale or other disposition of any Inventory or other collateral shall be held by Borrower in trust
for Secured Party, and accounted for on a basis which is separate from all other funds and assets of Borrower. 
 8. Insurance. Borrower agrees to
keep all the Collateral insured in amounts no less than those required by the Secured Party with the Secured Party named as “loss payee”. All premiums on such insurance shall be paid by Borrower and copies of the policies delivered to the
Secured Party. Borrower shall direct, or Secured Party on Borrower’s behalf may direct if Borrower refuses to do so, each insurance company issuing any such policy to make payment of such sums directly to the Secured Party. 
 9. Continuation of Borrower’s Liability. Borrower’s liability hereunder and on the Secured Obligations shall not be affected by (a) the taking and
holding of additional security, other than the Collateral herein described for the payment of the Secured Obligations or any part thereof, or the exchange, enforcement, waiver or release of the Collateral herein described or any part thereof or any
other security for the Secured Obligations; or (b) the release or substitution of any endorser or guarantor of the Secured Obligations or any part thereof or any other parties thereto. 
 10. Remedies. The Secured Party shall have the right to enforce any remedies hereunder alternatively, successively or concurrently. A waiver of any default of
Borrower shall not be a waiver of any subsequent, similar or other default. No delay in the exercise of any of the Secured Party’s rights or remedies hereunder shall constitute a waiver of such right or remedy. 
 11. Construction of Agreement. This Agreement shall not be construed to be in limitation of or in substitution for any other grant of security interest from
Borrower to the Secured Party made prior to or contemporaneously herewith, and no other such grant of a security interest made subsequent to or contemporaneously herewith shall be construed to be in limitation of or in substitution for this
Agreement unless expressly and specifically provided therein. 
 12. Termination. Either the Secured Party or the Borrower upon thirty (30) days
prior written notice to the other party may terminate this Agreement, at any time. Provided, however, Secured Party may terminate this Agreement immediately (subject only to the “cure” periods set forth in Section 5 hereof) upon the
occurrence of: (i) any actual or attempted transfer or assignment of the Agreement or any right or obligation thereunder by Borrower or any sale or transfer of the ownership of (only to the extent it results in a change of control) or material
change in the active management of Borrower without the prior written consent of Secured Party; (ii) the insolvency of Borrower or the filing of a bankruptcy petition which is not dismissed within ninety (90) days of filing by or against
Borrower or if Borrower makes an assignment for the benefit of creditors or a receiver is appointed for Borrower, or its property; (iii) If Borrower defaults in the payment of its Secured Obligations or any obligations owed to Secured Party; or
(iv) Borrower makes any materially false statement or representation or defaults under any term or condition of this Agreement. Said termination shall not effect the rights or obligations of either Secured Party or Borrower arising prior to the
effective date of termination. 
  

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 13. Choice of Law. This Agreement shall be interpreted under and governed by the laws of the State of Connecticut,
without regard to conflicts of laws principles. Borrower agrees that the negotiation and acceptance of this Agreement has taken place in the State of Connecticut. The parties consent and agree that all actions or proceedings arising out of, relating
to or pertaining to this Agreement may be tried and litigated in the state and federal courts located in the State of Connecticut provided, however, that any suit seeking enforcement against the Collateral may be brought, at Secured
Party’s option, in the courts of any jurisdiction where such Collateral may be found. 
 14. Arbitration; Alternative Dispute Resolution and Waiver
of Jury Trial. Nothing herein contained shall preclude Secured Party from commencing any action in any court having jurisdiction thereof with respect to any matter arising out of, relating to or pertaining to this Agreement. However, at the sole
option of Secured Party, any controversy, claim or dispute arising out of, relating to or pertaining to this Agreement or the interpretation, breach, enforcement or subject matter thereof, that cannot be settled by mutual agreement of the parties
may at the sole option of the Secured Party: (i) Be submitted to arbitration by one (1) arbitrator (unless the Secured Party determines to have multiple arbitrators) Norwalk, Connecticut, or such other location in the State of Connecticut
chosen by the Secured Party, conducted by the American Arbitration Association, in accordance with its Commercial Arbitration Rules then in effect or conducted by any other recognized arbitration association or entity in accordance with similar
rules (“Arbitration”); or (ii) shall be determined through any alternative dispute resolution (“ADR”) procedure provided for under the Laws of the State of Connecticut or the Borrower’s state of incorporation or
formation; with said governing law and ADR procedure to be selected by the Secured Party. Judgment upon any arbitration award or ADR determination may be entered in any court of any state or county or application may be made to such court through
judicial acceptance of the award or determination and on order of enforcement, as the law of the jurisdiction may require or allow. The arbitration award or ADR determination shall be final and no appeal shall be taken by either party. The costs of
any such arbitration or ADR shall be borne equally by the Borrower and the Secured Party, unless the arbitrator(s) or ADR decision-maker deems such division of costs to be inequitable, in which event the arbitrator(s) or ADR decision-maker may
allocate the costs of arbitration or ADR among the parties thereto as s/he deems just and equitable under the circumstances. THE SECURED PARTY AND THE BORROWER HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY OR
AGAINST EACH OTHER ON, OR IN RESPECT OF, ANY MATTER ARISING OUT OF, RELATING TO OR PERTAINING TO THIS AGREEMENT OR THE INTERPRETATION, BREACH, ENFORCEMENT OR SUBJECT MATTER HEREOF, THE RELATIONSHIP BETWEEN THE BORROWER AND THE SECURED PARTY AND/OR
ANY CLAIM OF INJURY OR DAMAGE FROM ANY OTHER RELATIONSHIP BETWEEN THE PARTIES HERETO. 
 15. Notice. Any notice or consent required to be given by
or on behalf of any party hereto to any other party shall be in writing and (a) mailed by certified mail, return receipt requested and postage pre-paid, and (b) sent via a nationally recognized overnight service that regularly obtains a
signature upon delivery, or (c) delivered personally, addressed to the parties as set forth above, or at such other address as may be specified from time to time in writing. All such notices hereunder shall be deemed to have been given on the

  

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date of delivery or the date marked on the return receipt unless delivery is refused or cannot be made because of any incorrect address provided by the
addressee, in which case the date of postmark (or the date of delivery to the courier service, as the case may be) shall be deemed the date notice has been given. 
 16. Assignment. Borrower may not assign this Agreement without Secured Party’s prior written consent. This Agreement shall be binding upon the successors and permitted assigns of Borrower and shall inure to the benefit of the
successors and assigns of the Secured Party. 
 17. Captions. All captions contained in this Agreement are for convenience of reference only and shall
not be deemed to be a part of this Agreement or have any legal effect in construing or enforcing this Agreement. 
 18. Severability. The
provisions of this Agreement are severable. In the event that any provision of this Agreement shall be deemed to be illegal, void or unenforceable by any tribunal of competent jurisdiction, such determination shall have no effect upon the remaining
provisions hereof. 
  

			
	Secured Party:
	
	HCA EQUIPMENT FINANCE LLC
		
	By:	 	 /s/ R. C. DiNoia

	Title:	 	 V.P.

	
	Borrower:
	
	MANITEX INTERNATIONAL, INC.
		
	By:	 	 /s/ David H. Gransee

	Title:	 	 Chief Financial Officer

  

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 ADDENDUM TO FLOOR PLAN AND SECURITY AGREEMENT 
 This Addendum to Floor Plan and Security Agreement (this “Addendum”) is entered into between HCA EQUIPMENT FINANCE LLC (“Secured
Party”) and MANITEX INTERNATIONAL, INC. (“Borrower”). 
 Statement of Facts 
 1. Borrower and Secured Party entered into a Floor Plan Security Agreement dated as of Dec. 15, 2008 (the “Agreement”) pursuant to which
Secured Party agreed, under certain circumstances, to extend credit to Borrower for the purpose of purchase of certain equipment from time to time. 
 2. In order to expedite the processing of Extensions(s) of Credit, as that term is defined in the Agreement, Secured Party and Borrower are entering into this Addendum to eliminate the need to execute and deliver the form entitled
“Request(s) for Extensions of Credit” (“Request Form”) each time an Extension of Credit is requested by Borrower. All capitalized terms not otherwise defined herein shall have the meaning set forth in the Agreement. 

NOW, THEREFORE in consideration of the foregoing and the mutual covenants contained herein, and other good and valuable consideration, the
parties hereto agree as follows: 
 A. Borrower hereby authorizes Secured Party to process Extensions of Credit under the Agreement without
the receipt by Secured Party of the Request Form as required by paragraph 1(b) of the Agreement. For each such request for an Extension of Credit, the first sentence of paragraph 1(b) of the Agreement shall be replaced with the following:

 Borrower shall request an Extension of Credit by submitting to Secured Party such notes, purchase orders, invoices, and other sale, lease
or consignment agreements, documents and other instruments (the “Underlying Agreement”) which describe with specificity the equipment or inventory to be financed by Secured Party (“Financed Equipment”). Upon receipt of an
Underlying Agreement, Secured Party is hereby authorized and requested to pay on Borrower’s behalf, the cost of the Financed Equipment set forth in the Underlying Agreement. Secured Party is authorized to process the Underlying Agreement and
make all decisions as to interest rates, commencement date, maturity date and any other terms and conditions for the Extension of Credit. 
 B. The Extension of Credit for each Underlying Agreement shall be processed by Secured Party upon receipt of the Underlying Agreement from Borrower or a manufacturer or distributor known by Secured Party to have a continuing business
relationship with Borrower. 
 C. Each submission of an Underlying Agreement by Borrower to Secured Party shall constitute a certification by
Borrower that, to the best of its knowledge after due inquiry: (1) the statement contained in Section 4(a) of the Agreement is true on the date of the submission of the Underlying Agreement, and will be true on the dates of the requested
Extension of Credit, before and after giving effect thereto and to the application of proceeds there from; and (2) that each Underlying Agreement will be a true, correct and complete schedule of the Financed Equipment listed thereon, including
the cost of such Financed Equipment. 
 D. Notwithstanding anything contained herein to the contrary, Secured Party shall have the right, in
its sole discretion, to require the submission by Borrower of the Request Form for any Extensions of Credit. 
 E. The terms and conditions
set forth in any dealer approval letter from Secured Party to Borrower are incorporated herein by reference. 
 Except as specifically
modified herein, the terms and conditions of the Agreement shall remain in full force and effect. 
 IN WITNESS WHEREOF, the parties
have executed this Addendum as of the dates set forth below. 
  

							
	Secured Party:	 	
	HCA EQUIPMENT FINANCE LLC
		
	By:	 	 /s/ R. C. DiNoia

	Name:	 	 R. C. DiNoia

	Title	 	 V.P.
	 	Date	 	 1/20/09

			
	Borrower:	 		 	
	MANITEX INTERNATIONAL, INC.
		
	By:	 	 /s/ David H. Gransee

	Name:	 	 David Gransee

	Title	 	 C.F.O.
	 	Date	 	 12/15/08

 EXHIBIT A 
 UNDERLYING AGREEMENT AND 
 REQUEST FOR EXTENSION OF CREDIT 
 Hitachi Capital America Corp. 
 800 Connecticut Avenue 
 Norwalk, Ct. 06854 
 Ladies and Gentlemen: 
 The undersigned Borrower Manitex International, Inc. hereby gives Hitachi Capital America Corp. (“Hitachi” HCA) notice,
irrevocably, pursuant to Section 1(a) of the Floor Plan & Security Agreement dated as of 12/15/08 that the Borrower hereby requests an Extension of Credit under the Floor Plan & Security Agreement, pursuant to
the terms and conditions set forth below relating to such an Extension of Credit as provided in the Floor Plan & Security Agreement: 
  

	 	(i)	The Date of the requested Extension of Credit shall be
                     

  

	 	(ii)	The aggregate amount of the requested Extension of Credit is
                     

  

	 	(iii)	Attached hereto are the following: 

 a true, correct and complete schedule
of all equipment which is to be acquired by the Borrower with the proceeds of the requested Extension of Credit (the “Financed Equipment”), the cost of each item of Financed Equipment, and/or true, correct and complete copies of any
applicable invoices, bills of sale, notes, purchase orders, invoices, and other sale, lease or consignment agreements related to the financed equipment. 
  

	 	(b)	Other (specify): 

 PAY:
                                        

  

	 	(a)	Rate to Dealer:
                                        

  

	 	(b)	Commencement Date                      Maturity Date
                     

 Terms:
                                         
                                       .

 The undersigned Borrower hereby certifies that, to the best of its knowledge after due inquiry, the statement contained in Section 4(a) of the Floor
Plan & Security Agreement is true on the date hereof, and will be true on the date of the requested Extension of Credit, before and after giving effect thereto and to the application of the proceeds there from. 
 Terms used in this Certificate have the meanings set forth for such terms in the Floor Plan & Security Agreement unless otherwise defined
herein. 
  

									
	Very truly yours,	 		 	Accepted and Agreed
				
	Borrower	 	MANITEX INTERNATIONAL, INC.	 		 	HITACHI CAPITAL AMERICA CORP.
					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:First Amendment to Credit Agreement

 Exhibit 10.1 
 FIRST AMENDMENT TO CREDIT AGREEMENT 
 This FIRST AMENDMENT TO CREDIT AGREEMENT, dated as of
January 22, 2009 (this “Amendment”), is by and among (a) VALASSIS COMMUNICATIONS, INC., a Delaware corporation (“Valassis” or the “Borrower”), (b) the Lenders signatory hereto, and
(c) BEAR STEARNS CORPORATE LENDING INC., as administrative agent (in such capacity, the “Administrative Agent”) and as collateral agent for the Lenders. 
 W I T N E S S E T H 
 WHEREAS, the Borrower, the Lenders and the Administrative Agent
are parties to that certain Credit Agreement, dated as of March 2, 2007 (including all annexes, exhibits and schedules thereto, and as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”); and

 WHEREAS, the Borrower has requested that the Administrative Agent and the Lenders amend the Credit Agreement, and the Administrative Agent
and the Lenders signatory hereto have agreed to amend the Credit Agreement, in the manner, and on the terms and conditions provided for herein. 
 NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. 
 2. Amendments to Credit Agreement. The Credit Agreement is hereby amended as of the First Amendment Effective Date (as defined below) as follows:

 (a) Section 1.1 of the Credit Agreement is hereby amended to add the following defined terms in appropriate
alphabetical order: 
 “Acceptable Discount”: as defined in Section 4.16(b). 
 “Applicable Discount”: as defined in Section 4.16(b). 
 “Discount Range”: as defined in Section 4.16(a). 
 “First Amendment”: the First Amendment to Credit Agreement dated as of January 22, 2009. 
 “First Amendment Effective Date”: as defined in Section 6 of the First Amendment. 
 “First Tier Foreign Subsidiary”: each Foreign Subsidiary which is owned directly by the Borrower or any
other Loan Party organized under the laws of any jurisdiction within the United States (including any Loan Party dually organized under a jurisdiction within the United States and a foreign country). 

 “Modified Dutch Auction”: as defined in Section 4.16(a).

 “Qualifying Term Loans”: as defined in Section 4.16(b). 
 “Repurchase Amount”: as defined in Section 4.16(a). 
 “Repurchase Notice”: as defined in Section 4.16(a). 
 “Repurchase Period”: as defined in Section 4.16(a). 
 “Term Loan Repurchase”: as defined in Section 4.16(a). 
 (b) The definition of “Consolidated EBITDA” in Section 1.1 of the Credit Agreement is hereby amended as follows:

  

	 	(i)	by amending and restating the initial clause (a) as follows: 

 “(a) income tax expense, including, without limitation, income tax expense as a result of any Modified Dutch Auction or any Term Loan Repurchase thereunder”; and 
  

	 	(ii)	by amending and restating the second clause (c) as follows: 

 “(c) any other non-cash income, including, without limitation, any net gains recognized as a result of any Modified Dutch Auction or any Term Loan Repurchase thereunder (excluding any items that represent the reversal of any accrual
of, or cash reserve for, anticipated cash charges in any prior period that are described in the parenthetical to clause (g) above), all as determined on a consolidated basis;” 
 (c) The definition of “Excess Cash Flow” in Section 1.1 of the Credit Agreement is hereby amended by inserting
“(other than Term Loan Repurchases pursuant to a Modified Dutch Auction)” immediately after “Term Loans” in clause (b)(iii) thereof. 
 (d) Section 1.1 of the Credit Agreement is hereby amended by amending and restating the following definitions each in their entirety as follows: 
 “Consolidated Interest Expense”: for any period, (a) total cash interest expense (including that attributable to
Capital Lease Obligations) of the Borrower and its Subsidiaries for such period with respect to all outstanding Indebtedness of the Borrower and its Subsidiaries (including all commissions, discounts and other fees and charges owed with respect to
letters of credit and bankers’ acceptance financing and net costs under Hedge Agreements in respect of interest rates to the extent such net costs are allocable to such period in accordance with GAAP), minus, (b) to the extent not
already deducted, (i) interest income and (ii) net costs under Hedge Agreements incurred in connection with the cancellation and/or termination of such Hedge Agreements in connection with or otherwise relating to any purchase, repurchase,
payment or prepayment of any Loan by Borrower. 
  

 2 

 “Revolving Commitment”: as to any Lender, the obligation of such Lender,
if any, to make Revolving Loans and participate in Swingline Loans and Letters of Credit in an aggregate principal and/or face amount not to exceed the amount set forth under the heading “Revolving Commitment” under such Lender’s name
on such Lender’s Addendum or as set forth in the Register or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as such amount may be adjusted, if at all, from time to time in accordance with this Agreement.
The aggregate amount of the Total Revolving Commitments as of the First Amendment Effective Date is $100,000,000. 
 (e)
Section 4.2(b) of the Credit Agreement is hereby amended by deleting the reference to “Section 4.2(e)” and substituting “Section 4.2(d)” in lieu thereof. 
 (f) Section 4.2(e) of the Credit Agreement is hereby amended by amending and restating such Section 4.2(e) in its
entirety as follows: 
 “(e) Notwithstanding anything to the contrary in Section 4.2 or 4.8, with
respect to mandatory prepayments and the amount of any mandatory prepayment described in Section 4.2 that is allocated to Term Loans (such amount, the “Term Loan Prepayment Amount”), the Borrower will, in lieu of
applying such amount to the prepayment of Term Loans, as provided in paragraph (d) above, on the date specified in Section 4.2 for such prepayment, give the Administrative Agent telephonic notice (promptly confirmed in writing)
requesting that the Administrative Agent prepare and provide to each Tranche B Term Lender and Delayed Draw Term Lender a notice (each, a “Prepayment Option Notice”) as described below. As promptly as practicable after
receiving such notice from the Borrower, the Administrative Agent will send to each Tranche B Term Lender and Delayed Draw Term Lender a Prepayment Option Notice, which shall be in the form of Exhibit E, and shall include an offer
by the Borrower to prepay the relevant Term Loans of such Lender by an amount equal to the portion of the Term Loan Prepayment Amount indicated in such Lender’s Prepayment Option Notice as being applicable to such Lender’s Term Loans. Each
Tranche B Term Lender and Delayed Draw Term Lender shall have 10 Business Days after the date of the Prepayment Option Notice (a “Mandatory Prepayment Date”) to elect, as more fully set forth in the Prepayment Option Notice as
provided by the Administrative Agent, to receive or refuse such prepayment. On the Mandatory Prepayment Date, (i) the Borrower shall pay to the relevant Tranche B Term Lenders and Delayed Draw Term Lenders the aggregate amount necessary to
prepay that portion of the outstanding relevant Term Loans in respect of which such Tranche B Term Lenders and/or Delayed Draw Term Lenders have accepted prepayment as described above, and (ii) the Borrower shall use an amount equal to the
portion of the Term Loan Prepayment Amount not accepted by the relevant Tranche B Term Lenders and/or Delayed Draw Term Lenders to refinance or repay any Existing Valassis Indebtedness; provided, that in the event a Tranche B Term Lender or
Delayed Draw Term Lender does not return a completed Prepayment Option Notice accepting or declining (as the case may be) prepayment on or prior to 

  

 3 

 
the Mandatory Prepayment Date, then such Tranche B Term Lender or Delayed Draw Term Lender shall either, as more fully set forth in the Prepayment Option
Notice as provided by the Administrative Agent, not receive or receive (as the case may be) its pro rata share of the Term Loan Prepayment Amount.” 
 (g) Section 4 of the Credit Agreement is hereby amended by inserting the following new Section 4.16 at the end thereof: 
 “4.16 Term Loan Repurchase. 
 (a) During the period commencing on the First Amendment Effective Date and ending on December 31, 2009 (the “Repurchase Period”), the Borrower may purchase, on one or more occasions, any and all
of the Tranche B Term Loans and/or the Delayed Draw Term Loans (each, a “Term Loan Repurchase”) pursuant to the procedures described in this Section 4.16 (the transactions described in this Section 4.16,
collectively, the “Modified Dutch Auctions” and each individually, a “Modified Dutch Auction”). In connection with any Term Loan Repurchase, the Borrower will notify the Administrative Agent and, upon receipt of
such notice, the Administrative Agent shall promptly notify each of the Term Lenders and/or the Delayed Draw Term Lenders, as applicable (the “Repurchase Notice”), that the Borrower desires to purchase Tranche B Term Loans and/or
Delayed Draw Term Loans, as applicable, with proceeds in an aggregate amount specified by the Borrower (such amount or the proceeds necessary to repurchase such lesser amount of Term Loans as are actually offered by Lenders in such Modified Dutch
Auction, each, a “Repurchase Amount”) at a discount (which is expected to be within a range to be specified by the Borrower with respect to each Term Loan Repurchase; the “Discount Range”) equal to a percentage of
par of the principal amount of such Tranche B Term Loans or Delayed Draw Term Loans; provided that the par principal amount of the Tranche B Term Loans and/or Delayed Draw Term Loans desired to be repurchased by the Borrower in each Modified
Dutch Auction shall be not less than $10,000,000 in the aggregate (it being understood that the par principal amount of the Term Loans actually repurchased may be less than $10,000,000 in the event that the aggregate par principal amount of Term
Loans actually offered by Lenders in such Modified Dutch Auction is less than $10,000,000). 
 (b) In connection with a Term
Loan Repurchase, the Borrower will allow each Lender of Tranche B Term Loans and Delayed Draw Term Loans to specify a discount to par (the “Acceptable Discount”) within the Discount Range for a principal amount (subject to rounding
requirements specified by the Administrative Agent) of Tranche B Term Loans or Delayed Draw Term Loans, as applicable, at which such Lender is willing to permit such Term Loan Repurchase. Based on the Acceptable Discounts and principal amounts of
Tranche B Term Loans or Delayed Draw Term Loans, as applicable, specified by Lenders, the Administrative Agent, in consultation with the Borrower, will determine the applicable discount (the “Applicable Discount”) for any Term Loan
Repurchase, which Applicable Discount represents the greatest Acceptable Discount at which the Borrower can complete the Term Loan Repurchase for the Repurchase Amount that is within the Discount Range specified by the Borrower. The Borrower shall
repurchase Tranche B Term Loans and Delayed Draw Term Loans (or the respective portions thereof) offered by Lenders that specify an Acceptable Discount that is equal to or greater than the Applicable Discount (“Qualifying Term
Loans”) at the Applicable Discount; provided that if the aggregate proceeds required to repurchase Qualifying Term Loans (disregarding any interest payable under Section 4.16(d)) would exceed the Repurchase Amount for
such Term Loan Repurchase, the Borrower shall repurchase such Qualifying Term Loans at the Applicable Discount ratably based on the respective principal amounts of such Qualifying Term Loans (subject to rounding requirements specified by the
Administrative Agent). 
  

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 (c) The aggregate Repurchase Amounts (as opposed to the par principal amount of Tranche B
Term Loans or Delayed Draw Term Loans) for all Term Loan Repurchases undertaken by the Borrower of Tranche B Term Loans and/or Delayed Draw Term Loans repurchased during the Repurchase Period shall not exceed $125,000,000. 
 (d) At no point during the period beginning immediately prior to the launch of a Modified Dutch Auction and ending with the consummation
of such Modified Dutch Auction and any Term Loan Repurchases thereunder, shall the aggregate principal amount of Revolving Loans then outstanding exceed $20,000,000. All Tranche B Term Loans and Delayed Draw Term Loans purchased by the Borrower
pursuant to this Section 4.16 shall be accompanied by payment of accrued and unpaid interest on the par principal amount so purchased to, but not including, the date of purchase. 
 (e) The par principal amount of each Lender’s Tranche B Term Loan and Delayed Draw Term Loan repurchased by the Borrower pursuant to
this Section 4.16, shall be allocated across the remaining installments of such Lender’s Tranche B Term Loans and/or Delayed Draw Term Loans, as applicable, that remain outstanding, in order to ratably reduce such remaining
installments. 
 (f) Each Term Loan Repurchase shall be consummated pursuant to procedures (including as to timing of any
issuance of a Repurchase Notice, response deadlines, rounding amounts, type and Interest Period of accepted Loans, irrevocability of any Repurchase Notice and other notices by the Borrower and Lenders and calculation of Applicable Discount in
accordance with Section 4.16(b) above) established by the Administrative Agent and agreed to by the Borrower. 
 (g) The Administrative Agent and the Lenders signatory to the First Amendment hereby consent to the transactions described in this Section 4.16 notwithstanding anything to the contrary in this Agreement and hereby waive the
requirements of any provision of this Agreement (including, without limitation, Sections 4.2, 4.8, 8.8 (it being understood that the Term Loan Repurchases shall not constitute Investments under this Agreement) and 11.7) and any other
Loan Document that might otherwise result in a breach of this Agreement, a Default or Event of Default as a result of or in connection with the Modified Dutch Auctions. 
  

 5 

 (h) The provisions of this Section 4.16 shall not (i) require the
Borrower to undertake any Term Loan Repurchase during the Repurchase Period or (ii) limit or restrict the Borrower from making voluntary prepayments of the Loans in accordance with the provisions of this Agreement as in effect prior to the
First Amendment Effective Date. 
 (i) The Borrower hereby covenants and agrees that immediately upon each Term Loan
Repurchase, the Tranche B Term Loan and/or Delayed Draw Term Loan repurchased as part of such Term Loan Repurchase shall be cancelled in an amount equal to the par principal amount of such Tranche B Term Loan and/or Delayed Draw
Term Loan and the parties hereto hereby agree that thereafter each such Tranche B Term Loan and/or Delayed Draw Term Loan shall not be considered to be outstanding (and may not be resold by the Borrower) for any purposes under this
Agreement and all other Loan Documents. In addition, neither the Borrower nor any Loan Party shall be deemed to be, for any purposes whatsoever, a “Lender” hereunder or under any other Loan Document as a result of any Modified Dutch
Auction or Term Loan Repurchase thereunder.” 
 (h) Section 8.4(g) of the Credit Agreement is hereby amended
by deleting the phrase “if necessary and” found therein. 
 (i) Section 8.6(a) of the Credit Agreement
is hereby amended by amending and restating such Section 8.6(a) in its entirety as follows: 
 “(a)(i) any
Subsidiary may make Restricted Payments to the Borrower or any Loan Party and (ii) any Foreign Subsidiary that is not a First Tier Foreign Subsidiary may make Restricted Payments to any other Foreign Subsidiary; provided that, a First
Tier Foreign Subsidiary may make Restricted Payments to any other Foreign Subsidiary with the Administrative Agent’s prior written consent.” 
 (j) Section 8.8 of the Credit Agreement is hereby amended by, 
 (i) inserting in
the lead-in thereto “the following (each of which is exclusive and independent of the others)” immediately after “except”; and 
 (ii) deleting from clauses (n) and (p) thereof the phrase “in addition to Investments otherwise expressly permitted by this Section,”. 
 (k) Section 11.6(b)(i)(B) of the Credit Agreement is hereby amended by inserting a new clause (w) immediately before
clause (x) as follows: 
 “(w) an assignment to the Borrower or any Wholly-Owned Subsidiary of the Borrower, as an
Assignee, as a Term Loan Repurchase pursuant to any Modified Dutch Auction,” 
  

 6 

 (l) Section 11.6(b)(ii) of the Credit Agreement is hereby amended by
inserting in the lead-in thereto the parenthetical “(other than assignments to the Borrower or any Wholly-Owned Subsidiary of the Borrower in connection with any Modified Dutch Auction or any Term Loan Repurchase thereunder)” immediately
after “Assignments”. 
 3. Representations and Warranties. To induce the Administrative Agent and the Lenders signatory
hereto to enter into this Amendment, the Borrower represents and warrants that: 
 (a) The execution, delivery and performance
by the Borrower of this Amendment: (i) are within the Borrower’s corporate power; (ii) have been duly authorized by all necessary corporate action; (iii) will not violate any Requirement of Law or any Contractual Obligation of
the Borrower; and (iv) will not result in, or require, the creation or imposition of any Lien on any of the Borrower’s properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation. No consent or
authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the execution, delivery, performance, validity or enforceability of this Amendment except
(i) consents, authorizations, filings and notices described in Schedule 5.4 to the Credit Agreement which were obtained or made on or prior to the First Amendment Effective Date and are in full force and effect, (ii) consents,
authorizations, filings and notices which have been obtained or made and are in full force and effect (except where the failure to be so obtained or in effect could not reasonably be expected to have a Material Adverse Effect) and (iii) the
filings referred to in Section 5.19 of the Credit Agreement. 
 (b) This Amendment has been duly executed and
delivered by or on behalf of the Borrower. 
 (c) This Amendment constitutes a legal, valid and binding obligation of the
Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights
generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 
 (d) No
Default or Event of Default has occurred and is continuing both immediately prior to and after giving effect to this Amendment. 
 (e) No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened by or against any Group Member or against any of their respective properties or
revenues (a) with respect to any of the Loan Documents, including, without limitation, this Amendment, or any of the transactions contemplated hereby or thereby, or (b) that, if not cured or adversely determined, could reasonably be
expected to have a Material Adverse Effect. 
 (f) All representations and warranties contained in the Credit Agreement and
the other Loan Documents are true and correct in all material respects as of the date hereof with the same effect as though such representations and warranties had been made on and as of the date hereof, except to the extent that any such
representation or warranty expressly relates to an earlier date. 
  

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 4. No Other Amendments/Waivers. Except as set forth in Section 4.16(g) of the Credit
Agreement (as amended by this Amendment) or as expressly provided herein, (a) the Credit Agreement shall be unmodified and shall continue to be in full force and effect in accordance with its terms and (b) this Amendment shall not be
deemed a waiver of any term or condition of any Loan Document and shall not be deemed to prejudice any right or rights which the Administrative Agent or any Lender may now have or may have in the future under or in connection with any Loan Document
or any of the instruments or agreements referred to therein, as the same may be amended from time to time. 
 5. Fees and Expenses.
The Borrower hereby reconfirms its obligations pursuant to Section 11.5 of the Credit Agreement to pay and reimburse the Administrative Agent for all reasonable out-of-pocket expenses (including, without limitation, reasonable fees of
counsel) incurred in connection with the negotiation, preparation, execution and delivery of this Amendment and all other documents and instruments delivered in connection herewith. 
 6. Effectiveness. This Amendment shall become effective as of the date hereof (the “First Amendment Effective Date”) upon the
satisfaction in full of each of the following conditions: 
 (a) Delivery of Amendment. The Administrative Agent shall
have received signature pages to this Amendment duly executed and delivered by the Borrower and those Lenders required under the Credit Agreement to execute this Amendment in order to make this Amendment effective. 
 (b) Fees. (i) The Borrower shall have paid to the Administrative Agent all costs, fees and expenses due to the Administrative
Agent and/or its Affiliates (including, without limitation, reasonable legal fees and expenses) owing in connection with this Amendment and the transactions contemplated hereby and (ii) without duplication of any fees that shall have been
received by the Administrative Agent under any fee letter, the Administrative Agent shall have received, on behalf of each of the Lenders signatory hereto, a fee equal to 5 basis points on the aggregate amount of the outstanding Loans and unused
Commitments of the Lenders signatory hereto in connection with this Amendment and the transactions contemplated hereby. 
 7. Opinion
of Counsel. The Borrower hereby covenants and agrees to deliver to the Administrative Agent, on or prior to January 26, 2009, a duly executed copy of the opinion of McDermott Will & Emery LLP, as counsel to the Borrower, addressed
to the Administrative Agent and the Lenders, in form and substance reasonably satisfactory to the Administrative Agent. 
 8. Ratification
of Loan Documents. The Borrower hereby acknowledges and agrees that the Guarantee, Security and Collateral Agency Agreement shall remain in full force and effect after giving effect to this Amendment. The Borrower hereby reaffirms the pledge of
Capital Stock made by it pursuant to the Guarantee, Security and Collateral Agency Agreement and its obligations and agreements under the Guarantee, Security and Collateral Agency Agreement and each of the other Security Documents to which it is a
party. In addition, the Borrower confirms and agrees that the Liens granted pursuant to each of the Security Documents to which it is a party shall continue without any diminution thereof and shall remain in full force and effect after giving effect
to this Amendment. Further, the Borrower reaffirms and confirms its obligations under each of the other Loan Documents to which it is a party, and acknowledges and agrees that such Loan Documents shall remain in full force and effect after giving
effect to this Amendment. 
  

 8 

 9. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND INTERPRETED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK. 
 10. Counterparts. This Amendment may be executed by the parties hereto on any number of separate
counterparts and all of said counterparts taken together shall be deemed to constitute one and the same instrument. This Amendment may be executed and delivered by telecopier or other method of electronic transmission with the same force and effect
as if it were a manually executed and delivered counterpart. 
 (SIGNATURE PAGES FOLLOW) 
  

 9 

 IN WITNESS WHEREOF, this Amendment has been duly executed as of the date first written above. 

 

			
	 Borrower:
  
 VALASSIS COMMUNICATIONS, INC.

		
	 By:
	 	/s/ Robert L. Recchia
		 	 Name: Robert L. Recchia
 Title: Chief Financial
Officer

	
	 Administrative Agent and Lenders:

	
	BEAR STEARNS CORPORATE LENDING INC., as Administrative Agent and a Lender
		
	By:	 	JPMorgan Chase Bank, N.A., authorized signatory
		
	 By:
	 	/s/ Sabir Hashmy
		 	 Name: Sabir Hashmy
 Title: Vice
President

  

 10

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