Document:

Ex-10.1 Fourth Amended and Restated Loan Agreement

 

Exhibit 10.1

FOURTH AMENDED AND RESTATED LOAN AGREEMENT

Wachovia Bank, National Association

225 Water Street

Jacksonville, Florida 32202

(Hereinafter referred to as the “Bank”)

HOME DIAGNOSTICS, INC., a Delaware corporation

2400 NW 55th Court

Fort Lauderdale, Florida 32202

(Hereinafter referred to as “Borrower”)

This Fourth Amended and Restated Loan Agreement (“Agreement”) is entered into December 18, 2006, by
and between Bank and Borrower.

This Agreement applies to the loan (the “Loan”) evidenced by that certain Fourth Amended and
Restated Promissory Note dated of even date herewith (as the same my be amended, modified, restated
or replaced from time to time, the “Note”) and all Loan Documents. The terms “Loan Documents” and
“Obligations,” as used in this Agreement, are defined in the Note.

Relying upon the covenants, agreements, representations and warranties contained in this Agreement,
Bank is willing to extend credit to Borrower upon the terms and subject to the conditions set forth
herein, and Bank and Borrower agree as follows:

LINE OF CREDIT. The purpose of the Loan is to provide for the general corporate purposes of
Borrower. To the extent the making of Advances (as defined in the Note) is not governed by a sweep
agreement with the Bank, Bank may require a signed written request for an Advance in form
satisfactory to Bank, in which event such request shall be delivered to Bank no later than 12:00
noon (local time in Fort Lauderdale, Florida) on the date of the requested Advance, and shall
specify the date (which shall be a Business Day) and the amount of the proposed Advance and provide
such other information as Bank may require. Bank’s acceptance of such a request shall be indicated
by its making the Advance requested. Such an Advance shall be made available to Borrower in
immediately available funds at Bank’s address as set forth on the front of this document. In no
event shall Bank be obligated to make any Advances under the Loan after November 30, 2008 (as same
may be renewed or extended by Bank in writing, the “Termination Date”).

Bank shall have no obligation to make an Advance under this Section if a Default has occurred or if
any event or condition exists, which but for the giving of notice or the passage of time, or both,
would constitute a Default under any Loan Document.

REPRESENTATIONS. Borrower represents that from the date of this Agreement and until final
payment in full of the Obligations: Accurate Information. All information now and hereafter
furnished to Bank is and will be true, correct and complete in all material respects. Any such
information relating to Borrower’s financial condition will accurately reflect Borrower’s financial
condition as of the date(s) thereof, (including all contingent liabilities of every type), and
Borrower further represents that its financial condition has not changed materially or adversely
since the date(s) of such documents. Authorization; Non-Contravention. The execution, delivery
and performance by Borrower and any guarantor, as applicable, of this Agreement and other Loan
Documents to which it is a party are within its power, have been duly authorized as may be required
and, if necessary, by making appropriate filings with any governmental agency or unit and are the
legal, binding, valid and enforceable obligations of Borrower and any guarantors; and do not (i)
contravene, or constitute (with or without the giving of notice or lapse of time or both) a
violation of any provision of applicable law, a violation of the organizational documents of
Borrower or any guarantor, or a default under any agreement, judgment, injunction, order, decree or
other instrument binding upon or affecting Borrower or any guarantor, (ii) result in the creation
or imposition of any lien (other than the lien(s) created by the Loan Documents) on any of
Borrower’s or any guarantor’s assets, or (iii) give cause for the acceleration of any obligations
of Borrower or any guarantor to any other

 

 

creditor. Asset Ownership. Borrower has good and marketable title to all of the properties and
assets reflected on the balance sheets and financial statements supplied Bank by Borrower, and all
such properties and assets are free and clear of mortgages, security deeds, pledges, liens,
charges, and all other encumbrances, except Permitted Liens and except as otherwise disclosed to
Bank by Borrower in writing and approved by Bank. “Permitted Liens” means (a) liens for taxes and
other statutory liens, landlord’s liens and similar liens arising out of operation of law so long
as the obligations secured thereby are not past due or are being contested and the proceedings
contesting such obligations have the effect of preventing the forfeiture or sale of the property
subject to such lien, and (b) liens described on Exhibit A hereto, provided, however, that no debt
not now secured by such liens shall become secured by such liens hereafter and such liens shall not
encumber any other assets. To Borrower’s knowledge, no default has occurred under any Permitted
Liens and no claims or interests adverse to Borrower’s present rights in its properties and assets
have arisen. Discharge of Liens and Taxes. Borrower has duly filed, paid and/or discharged all
taxes or other claims that may become a lien on any of its property or assets, except to the extent
that such items are being appropriately contested in good faith and an adequate reserve for the
payment thereof is being maintained. Sufficiency of Capital. Borrower is not, and after
consummation of this Agreement and after giving effect to all indebtedness incurred and liens
created by Borrower in connection with the Note and any other Loan Documents, will not be,
insolvent within the meaning of 11 U.S.C. § 101, as in effect from time to time. Compliance with
Laws. Borrower and any subsidiary and affiliate of Borrower and any guarantor are in compliance in
all material respects with all federal, state and local laws, rules and regulations applicable to
its properties, operations, business, and finances, including, without limitation, any federal or
state laws relating to liquor (including 18 U.S.C. § 3617, et seq.) or narcotics (including 21
U.S.C. § 801, et seq.) and/or any commercial crimes; all applicable federal, state and local laws
and regulations intended to protect the environment; and the Employee Retirement Income Security
Act of 1974, as amended (“ERISA”), if applicable. None of Borrower, or any subsidiary or affiliate
of Borrower or any guarantor is a Sanctioned Person or has any of its assets in a Sanctioned
Country or does business in or with, or derives any of its operating income from investments in or
transactions with, Sanctioned Persons or Sanctioned Countries in violation of economic sanctions
administered by OFAC. The proceeds from the Loan will not be used to fund any operations in,
finance any investments or activities in, or make any payments to, a Sanctioned Person or a
Sanctioned Country. “OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets
Control. “Sanctioned Country” means a country subject to a sanctions program identified on the list
maintained by OFAC and available at http://www.treas.gov/offices/enforcement/ofac/sanctions/, or as
otherwise published from time to time. “Sanctioned Person” means (i) a person named on the list of
Specially Designated Nationals or Blocked Persons maintained by OFAC available at
http://www.treas.gov/offices/enforcement/ofac/sdn/, or as otherwise published from time to time, or
(ii) (A) an agency of the government of a Sanctioned Country, (B) an organization controlled by a
Sanctioned Country, or (C) a person resident in a Sanctioned Country to the extent subject to a
sanctions program administered by OFAC. Organization and Authority. Borrower is a corporation,
duly created, validly existing and in good standing under the laws of the State of Delaware, and
has all powers, governmental licenses, authorizations, consents and approvals required to operate
its business as now conducted. Borrower is duly qualified, licensed and in good standing in each
jurisdiction where qualification or licensing is required by the nature of its business or the
character and location of its property, business or customers, and in which the failure to so
qualify or be licensed, as the case may be, in the aggregate, could have a material adverse effect
on the business, financial position, results of operations, properties or prospects of Borrower.
No Litigation. There are no pending suits, claims or demands against Borrower or any guarantor
that have not been disclosed to Bank by Borrower in writing, and approved by Bank. To the best of
Borrower’s knowledge, there are no threatened suits, claims or demands against Borrower or any
guarantor that have not been disclosed to Bank by Borrower in writing, and approved by Bank.
ERISA. Each employee pension benefit plan, as defined in ERISA, maintained by Borrower meets, as
of the date hereof, the minimum funding standards of ERISA and all applicable regulations thereto
and requirements thereof, and of the Internal Revenue Code of 1986, as amended. No “Prohibited
Transaction” or “Reportable Event” (as both terms are defined by ERISA) has occurred with respect
to any such plan. Indemnity. Borrower will indemnify Bank and its affiliates from and against any
losses, liabilities, claims, damages, penalties or fines imposed upon, asserted or assessed against
or incurred by Bank arising out of the inaccuracy or breach of any of the representations contained
in this Agreement or any other Loan Documents.

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AFFIRMATIVE COVENANTS. Borrower agrees that from the date hereof and until final payment in full
of the Obligations, unless Bank shall otherwise consent in writing, Borrower will: Access to Books
and Records. Allow Bank, or its agents, during normal business hours, access to the books, records
and such other documents of Borrower as Bank shall reasonably require, and allow Bank, at
Borrower’s expense, to inspect, audit and examine the same and to make extracts therefrom and to
make copies thereof. Business Continuity. Conduct its business in substantially the same manner
and locations as such business is now and has previously been conducted. Certificate of Full
Compliance From Accountant. Deliver to Bank, with the annual financial statements required herein,
a certification by Borrower’s independent certified public accountant that Borrower is in full
compliance with the Loan Documents. Compliance with Other Agreements. Comply with all terms and
conditions contained in this Agreement, and any other Loan Documents, and swap agreements, if
applicable, as defined in the 11 U.S.C. § 101, as in effect from time to time. Estoppel
Certificate. Furnish, within 15 days after request by Bank, a written statement duly acknowledged
of the amount due under the Loan and whether offsets or defenses exist against the Obligations.
Insurance. Maintain adequate insurance coverage with respect to its properties and business
against loss or damage of the kinds and in the amounts customarily insured against by companies of
established reputation engaged in the same or similar businesses including, without limitation,
commercial general liability insurance, workers compensation insurance, and business interruption
insurance; all acquired in such amounts and from such companies as Bank may reasonably require.
Maintain Properties. Maintain, preserve and keep its property in good repair, working order and
condition, making all replacements, additions and improvements thereto necessary for the proper
conduct of its business, unless prohibited by the Loan Documents. Non-Default Certificate From
Borrower. Deliver to Bank, with the Financial Statements required below, a certificate signed by
Borrower, by a principal financial officer of Borrower warranting that no “Default” as specified in
the Loan Documents nor any event which, upon the giving of notice or lapse of time or both, would
constitute such a Default, has occurred and demonstrating Borrower’s compliance with the financial
covenants contained herein. Notice of Default and Other Notices. (a) Notice of Default. Furnish
to Bank immediately upon becoming aware of the existence of any condition or event which
constitutes a Default (as defined in the Loan Documents) or any event which, upon the giving of
notice or lapse of time or both, may become a Default, written notice specifying the nature and
period of existence thereof and the action which Borrower is taking or proposes to take with
respect thereto. (b) Other Notices. Promptly notify Bank in writing of (i) any material adverse
change in its financial condition or its business; (ii) any default under any material agreement,
contract or other instrument to which it is a party or by which any of its properties are bound, or
any acceleration of the maturity of any indebtedness owing by Borrower; (iii) any material adverse
claim against or affecting Borrower or any part of its properties; (iv) the commencement of, and
any material determination in, any material litigation with any third party or any material
proceeding before any governmental agency or unit affecting Borrower; and (v) at least 30 days
prior thereto, any change in Borrower’s name or address as shown above, and/or any change in
Borrower’s structure. Other Financial Information. Deliver promptly such other information
regarding the operation, business affairs, and financial condition of Borrower which Bank may
reasonably request. Payment of Debts. Pay and discharge when due, and before subject to penalty
or further charge, and otherwise satisfy before maturity or delinquency, all obligations, debts,
taxes, and liabilities of whatever nature or amount, except those which Borrower in good faith
disputes. Reports and Proxies. Deliver to Bank, promptly, a copy of all financial statements,
reports, notices, and proxy statements, sent by Borrower to stockholders, and all regular or
periodic reports required to be filed by Borrower with any governmental agency or authority.

NEGATIVE COVENANTS. Borrower agrees that from the date hereof and until final payment in full of
the Obligations, unless Bank shall otherwise consent in writing, Borrower will not: Change in
Fiscal Year. Change its fiscal year. Change of Ownership. Issue, sell or otherwise dispose of
any of its equity interests or other securities, or rights, warrants or options to purchase or
acquire any such equity interests or securities that effectively changes control of Borrower or
otherwise participate in any change in the ownership of its equity interests that effectively
changes control of Borrower, without the prior written consent of Bank. Encumbrances. Create,
assume, or permit to exist any mortgage, security deed, deed of trust, pledge, lien, charge or
other encumbrance on any of its assets, whether now owned or hereafter acquired, other than
Permitted Liens. Guarantees. Guarantee or otherwise become responsible for obligations of any
other person or persons, other than the endorsement of checks and drafts for collection

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in the ordinary course of business. Cross Default. Default in payment or performance of any
obligation under any other loans, contracts or agreements of Borrower, any Subsidiary or Affiliate
of Borrower (“Affiliate” shall have the meaning as defined in 11 U.S.C. § 101, as in effect from
time to time, except that the term “Borrower” shall be substituted for the term “Debtor” therein;
“Subsidiary” shall mean any corporation of which more than 50% of the issued and outstanding voting
stock is owned directly or indirectly by Borrower), any general partner of or the holder(s) of the
majority ownership interests of Borrower with Bank or its affiliates. Default on Other Contracts
or Obligations. Default on any material contract with or obligation when due to a third party or
default in the performance of any obligation to a third party incurred for money borrowed.
Government Intervention. Permit the assertion or making of any seizure, vesting or intervention by
or under authority of any governmental entity, as a result of which the management of Borrower or
any guarantor is displaced of its authority in the conduct of its respective business or such
business is curtailed or materially impaired. Judgment Entered. Permit the entry of any monetary
judgment or the assessment against, the filing of any tax lien against, or the issuance of any writ
of garnishment or attachment against any property of or debts due. Prepayment of Other Debt.
Retire any long-term debt entered into prior to the date of this Agreement at a date in advance of
its legal obligation to do so. Retire or Repurchase Capital Stock. Retire or otherwise acquire
any of its capital stock, other than pursuant to employee compensation plans.

ANNUAL FINANCIAL STATEMENTS. Borrower shall deliver to Bank, within 90 days after the close of
each fiscal year, audited financial statements reflecting its operations during such fiscal year,
including, without limitation, a balance sheet, profit and loss statement and statement of cash
flows, with supporting schedules and in reasonable detail, prepared in conformity with generally
accepted accounting principles, applied on a basis consistent with that of the preceding year. All
such statements shall be examined by an independent certified public accountant acceptable to Bank.
The opinion of such independent certified public accountant shall not be acceptable to Bank if
qualified due to any limitations in scope imposed by Borrower or any other person or entity. Any
other qualification of the opinion by the accountant shall render the acceptability of the
financial statements subject to Bank’s approval.

PERIODIC FINANCIAL STATEMENTS. Borrower shall deliver to Bank, within 45 days after the close of
each of the first three fiscal quarters in each fiscal year, quarterly financial statements
reflecting its operations during such fiscal quarter, including, without limitation, a balance
sheet, profit and loss statement and statement of cash flows, with supporting schedules; all on a
consolidated basis with respect to Borrower and its subsidiaries and holding company, as
applicable, and in reasonable detail, prepared in conformity with generally accepted accounting
principles (excluding footnotes and subject to year-end adjustments), applied on a basis consistent
with that of the preceding year (except as otherwise noted).

FINANCIAL COVENANTS. Borrower agrees to the following provisions from the date hereof until final
payment in full of the Obligations, unless Bank shall otherwise consent in writing, using the
financial information for Borrower, its subsidiaries, affiliates and its holding or parent company,
as applicable: Total Liabilities to Tangible Net Worth Ratio. Borrower shall, at all times,
maintain a ratio of Total Liabilities to Tangible Net Worth of not more than 1.00 to 1.00. This
covenant shall be tested annually. “Total Liabilities” shall mean all liabilities of Borrower,
including capitalized leases and all reserves for deferred taxes, debt fully subordinated to Bank
on terms and conditions acceptable to Bank, and other deferred sums appearing on the liabilities
side of a balance sheet and all obligations as lessee under off-balance sheet synthetic leases of
Borrower, all in accordance with generally accepted accounting principles applied on a consistent
basis. “Tangible Net Worth” shall mean Total Assets minus Total Liabilities. For purposes of this
computation, the aggregate amount of any intangible assets of Borrower including, without
limitation, goodwill, franchises, licenses, patents, trademarks, trade names, copyrights, service
marks, and brand names, shall be subtracted from total assets. “Total Assets” shall mean all assets
appearing on the Borrower’s balance sheet, less the aggregate amount of any intangible assets of
Borrower including, without limitation, goodwill, franchises, licenses, patents, trademarks, trade
names, copyrights, service marks, and brand names. Deposit Relationship. Borrower shall maintain
its primary depository account and cash management account with Bank.

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UNUSED FEE. From Closing until April 15, 2007, Borrower shall pay to Bank a fee for each day equal
to the product of (i) 17.5 basis points per annum (“Unused Fee Determinant”) multiplied by (ii) the
difference between (A) the amount available under the Note and (B) the aggregate amount of all
Advances outstanding under the Note on such day, payable quarterly in arrears. Commencing on April
15, 2007, and continuing on each July 15, October 15, and January 15 thereafter, Borrower shall pay
to Bank a fee for each day the Loan is outstanding equal to the product of (i) the Unused Fee
Determinant pursuant to the Funded Debt to EBITDA Ratio as set forth below, multiplied by (ii) the
difference between (A) the amount available under the Note and (B) the aggregate amount of all
Advances outstanding under the Note on such day, payable quarterly in arrears.

	 	 	 
	Funded Debt/EBITDA

	 	Unused Fee Determinant
	 

	 	 
	(as of the end of the most

recently completed fiscal quarter)
	 	 
	 
	 	 
	greater than or equal to

2.25 to 1.00

	 	27.5 basis points
	 
	 	 
	greater than or equal to

1.50 to 1.00 but less than

2.25 to 1.00

	 	25 basis points
	 
	 	 
	greater than or equal to

0.75 to 1.00 but less than

1.50 to 1.00

	 	20 basis points
	 
	 	 
	less than 0.75 to 1.00

	 	17.5 basis points

The Unused Fee for each quarter shall be calculated on a quarterly basis, at the time Bank receives
the previous quarter’s financial statements from Borrower and shall be calculated, based on such
quarterly financial statements, for the succeeding quarter.

CONDITIONS PRECEDENT. The obligations of Bank to make the loan and any advances pursuant to this
Agreement are subject to the following conditions precedent: Additional Documents. Receipt by
Bank of such additional supporting documents as Bank or its counsel may reasonably request.

IN WITNESS WHEREOF, Borrower and Bank, on the day and year first written above, have caused this
Agreement to be executed under seal.

	 	 	 	 	 
	 	HOME DIAGNOSTICS, INC., a Delaware corporation

 	 
	 	By:  	/s/ Gregg Johnson
 	 
	 	 	Name:  	Gregg Johnson 	 
	 	 	Title:  	Vice President 	 
	 
	 
	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Aly Heimovics
 	 
	 	 	Aly Heimovics, Vice President 	 
	 	 	 	 

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EXHIBIT A

PERMITTED LIENS

The following shall be additional Permitted Liens:

	1.	 	Deposits made in the ordinary course of business in connection with workers’ compensation,
unemployment insurance, social security and similar laws.
	 
	2.	 	Attachment, judgment and other similar non-tax liens arising in connection with court
proceedings but only if and for so long as (a) the execution or enforcement of such liens is and
continues to be effectively stayed and bonded on appeal, (b) the validity and/or amount of the
claims secured thereby are being actively contested in good faith by appropriate legal proceedings
and (c) such liens do not, in the aggregate, materially detract from the value of the assets of the
person whose assets are subject to such lien or materially impair the use thereof in the operation
of such person’s business.
	 
	3.	 	Liens securing debt incurred solely for the purpose of financing the acquisition of equipment,
provided that such lien does not secure more than the purchase price of such equipment and does not
encumber property other than the purchased property.
	 
	4.	 	Purchase money security interests and capitalized leases on fixed asset purchases (not to exceed
$250,000.00 in the aggregate).
	 
	5.	 	Liens imposed for taxes, assessments or charges of any governmental authority for nonpayment of
taxes, assessments or charges being actively contested in accordance with law (provided that Bank
may require reasonable bonding or other assurances, such as reserving.)
	 
	6.	 	Statutory liens of landlords and of carriers, warehousemen, mechanics and materialmen.
	 
	7.	 	The following other supplier and bank agreements are secured by specific liens on the assets
identified:

       International Commercial Bank of China (ASC’s Line of Credit secured by time deposit in the
amount of approximately $22,000.00 subject to foreign currency valuation)

       CPI Technologies (Supplier Agreement/Machine on HDI’s premises but title and risk of loss is
held by CPI) — Cartoning Machine

       US Postage Meter (Rental Agreement) — Postage Meter

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FOURTH AMENDED AND RESTATED

REVOLVING PROMISSORY NOTE

[DEMAND]

			
	$7,000,000.00
	 	December 18, 2006

Home Diagnostics, Inc., a Delaware corporation

2400 NW 55th Court

Fort Lauderdale, Florida 33301

(Hereinafter referred to as “Borrower”)

Wachovia Bank, National Association

225 Water Street

Jacksonville, Florida 32202

(Hereinafter referred to as “Bank”)

Borrower promises to pay to the order of Bank, in lawful money of the United States of America, at
its office indicated above or wherever else Bank may specify, the sum of Seven Million and No/100
Dollars ($7,000,000.00) or such sum as may be advanced and outstanding from time to time, with
interest on the unpaid principal balance at the rate and on the terms provided in this Fourth
Amended and Restated Revolving Promissory Note (including all renewals, extensions or modifications
hereof, this “Note”).

LOAN AGREEMENT. This Note is subject to the provisions of that certain Fourth Amended and Restated
Loan Agreement between Bank and Borrower dated of even date herewith (as the same shall be amended
or modified from time to time, the “Loan Agreement”).

LINE OF CREDIT. Borrower may borrow, repay and reborrow, and, upon the request of Borrower, Bank
shall advance and readvance under this Note from time to time until the maturity hereof (each an
“Advance” and together the “Advances”), so long as the total principal balance outstanding under
this Note at any one time does not exceed the principal amount stated on the face of this Note,
subject to the limitations described in any loan agreement to which this Note is subject. Bank’s
obligation to make Advances under this Note shall terminate (i) if a Default (as defined in the
other Loan Documents) under any Loan Document occurs, (ii) on Bank’s demand or (iii) in any event,
on November 30, 2008, unless extended or renewed by Bank in writing. As of the date of each
proposed Advance, Borrower shall be deemed to represent that each representation made in the Loan
Documents is true as of such date.

USE OF PROCEEDS. Borrower shall use the proceeds of the loan(s) evidenced by this Note for general
corporate purposes.

INTEREST RATE. Interest shall accrue on the unpaid principal balance of this Note from the date
hereof at the LIBOR Market Index Rate as that rate may change from day to day in accordance with
changes in the LIBOR Market Index Rate plus the Applicable Margin (as set forth below), as that
rate may change from day to day in accordance with changes in the LIBOR Market Index Rate (the
“Interest Rate”). “LIBOR Market Index Rate”, for any day, means the rate for 1 month U.S. dollar
deposits as reported on Telerate page 3750 as of 11:00 a.m., London time, on such day, or if such
day is not a London business day, then the immediately preceding London business day (or if not so
reported, then as determined by Bank from another recognized source or interbank quotation).

For this Note, the “Applicable Margin” will be implemented and computed quarterly based on the
Funded Debt to EBITDA Ratio of the Borrower. The initial Interest Rate shall be based on the LIBOR
Market Index Rate plus an Applicable Margin of 50 basis points. Commencing on April 15, 2007, the
Interest Rate shall be adjusted quarterly upon receipt of Borrower’s periodic financial statements,
based on the ratio of Funded Debt to EBITDA (“Funded Debt/EBITDA”) as follows:

1

 

	 	 	 
	Funded Debt/EBITDA

	 	Applicable Margin
	 

	 	 
	greater than 2.25

	 	162.5 basis points
	 
	 	 
	greater than

1.50 but less than or equal to

2.25

	 	125 basis points
	 
	 	 
	greater than

0.75 but less than or equal to

1.50

	 	87.5 basis points
	 
	 	 
	less than or equal to 0.75

	 	50 basis points

For purposes hereof, “Funded Debt to EBITDA” shall mean the sum of all Funded Debt as of the end of
the most recent fiscal quarter divided by the sum of earnings before interest, taxes, depreciation
and amortization for the 12-month period ended as of the end of the most recent fiscal quarter.
“Funded Debt” shall mean, as applied to any person or entity, the sum of all indebtedness for
borrowed money, (including, without limitation, capital lease obligations and unreimbursed drawings
under letters of credit), or any other monetary obligation evidenced by a note, bond, debenture or
other agreement or similar instrument of that person or entity, excluding any debt subordinated to
Bank. “EBITDA” shall mean earnings before interest expense, income taxes, and depreciation and
amortization, except that for this purpose earnings shall not include the affect of any non-cash
stock-based compensation expense or any non-cash change in fair value of Albion Alliance Mezzanine
Fund II, L.P.’s put rights under that certain Class A Common Stock Purchase Warrant issued by the
Borrower on September 3, 2002.

DEFAULT RATE. In addition to all other rights contained in this Note, if a default in the payment
of Obligations occurs, all outstanding Obligations, other than Obligations under any swap
agreements (as defined in 11 U.S.C. § 101) between Borrower and Bank or its affiliates, shall bear
interest at the Interest Rate plus 3% (“Default Rate”). The Default Rate shall also apply from
acceleration until the Obligations or any judgment thereon is paid in full.

INTEREST AND FEE(S) COMPUTATION (ACTUAL/360). Interest and fees, if any, shall be computed on the
basis of a 360-day year for the actual number of days in the applicable period (“Actual/360
Computation”). The Actual/360 Computation determines the annual effective interest yield by taking
the stated (nominal) rate for a year’s period and then dividing said rate by 360 to determine the
daily periodic rate to be applied for each day in the applicable period. Application of the
Actual/360 Computation produces an annualized effective rate exceeding the nominal rate.

PREPAYMENT ALLOWED. This Note may be prepaid in whole or in part at any time. Any prepayment
shall include accrued interest and all other sums then due under any of the Loan Documents (as
defined below). No partial prepayment shall affect Borrower’s obligation to make any payment of
principal or interest due under this Note on the date specified below in the Repayment
Terms/Maturity paragraph of this Note until this Note has been paid in full.

REPAYMENT TERMS. This Note shall be due and payable in consecutive monthly payments of accrued
interest only, commencing on January 15, 2007, and continuing on the 15th day of each month
thereafter until fully paid. In any event, this Note shall be due and payable in full, including
all principal and accrued interest, on the earlier of (i) the Bank’s demand, or (ii) November 30,
2008, unless renewed or extended by Bank in writing on terms satisfactory to Bank in its sole
discretion.

DEMAND NOTE. This is a demand Note and all Obligations hereunder shall become immediately due and
payable upon demand. In addition, the Obligations hereunder shall automatically become immediately
due and payable if Borrower or any guarantor or endorser of this Note commences or has commenced
against it a bankruptcy or insolvency proceeding.

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APPLICATION OF PAYMENTS. Monies received by Bank from any source for application toward payment of
the Obligations shall be applied to accrued interest and then to principal. Upon the occurrence of
a default in the payment of the Obligations or a Default (as defined in the other Loan Documents)
under any other Loan Document, monies may be applied to the Obligations in any manner or order
deemed appropriate by Bank.

If any payment received by Bank under this Note or other Loan Documents is rescinded, avoided or
for any reason returned by Bank because of any adverse claim or threatened action, the returned
payment shall remain payable as an obligation of all persons liable under this Note or other Loan
Documents as though such payment had not been made.

DEFINITIONS. Loan Documents. The term “Loan Documents”, as used in this Note and the other Loan
Documents, refers to all documents executed in connection with or related to the loan evidenced by
this Note and any prior notes which evidence all or any portion of the loan evidenced by this Note,
and any letters of credit issued pursuant to any loan agreement to which this Note is subject, any
applications for such letters of credit and any other documents executed in connection therewith or
related thereto, and may include, without limitation, the Loan Agreement, this Note, security
agreements, security instruments, financing statements, any renewals or modifications, whenever any
of the foregoing are executed, but does not include swap agreements (as defined in 11 U.S.C. §
101). Obligations. The term “Obligations”, as used in this Note and the other Loan Documents,
refers to any and all indebtedness and other obligations under this Note, all other obligations
under any other Loan Document(s), and all obligations under any swap agreements (as defined in 11
U.S.C. § 101) between Borrower and Bank, or its affiliates, whenever executed. Certain Other
Terms. All terms that are used but not otherwise defined in any of the Loan Documents shall have
the definitions provided in the Uniform Commercial Code.

LATE CHARGE. If any payments are not timely made, Borrower shall also pay to Bank a late charge
equal to 5% of each payment past due for 10 or more days.

Acceptance by Bank of any late payment without an accompanying late charge shall not be deemed a
waiver of Bank’s right to collect such late charge or to collect a late charge for any subsequent
late payment received.

ATTORNEYS’ FEES AND OTHER COLLECTION COSTS. Borrower shall pay all of Bank’s reasonable expenses
incurred to enforce or collect any of the Obligations including, without limitation, reasonable
arbitration, paralegals’, attorneys’ and experts’ fees and expenses, whether incurred without the
commencement of a suit, in any trial, arbitration, or administrative proceeding, or in any
appellate or bankruptcy proceeding.

USURY. If at any time the effective interest rate under this Note would, but for this paragraph,
exceed the maximum lawful rate, the effective interest rate under this Note shall be the maximum
lawful rate, and any amount received by Bank in excess of such rate shall be applied to principal
and then to fees and expenses, or, if no such amounts are owing, returned to Borrower.

GRACE PERIOD/CURE PERIOD. Grace Period. The failure of timely payment of the Obligations shall
not be a Default until 5 days after such payment is due. Cure Period. Except as provided below,
any Default, other than non-payment, may be cured within 10 days after written notice thereof is
mailed to Borrower by Bank. Borrower’s right to cure shall be applicable only to curable defaults
and shall not apply, without limitation, to Defaults based upon False Warranty or Cessation;
Bankruptcy. Bank shall not exercise its remedies to collect the Obligations except as Bank
reasonably deems necessary to protect its interest in collateral securing the Obligations during a
cure period.

DEFAULT. If any of the following occurs, a default (“Default”) under this Note shall exist:
Nonpayment; Nonperformance. The failure of timely payment or performance of the Obligations or
Default under this Note or any other Loan Documents. False Warranty. A warranty or representation
made or deemed made in the Loan Documents or furnished Bank in connection with the loan evidenced
by this Note

3

 

proves materially false, or if of a continuing nature, becomes materially false. Cross Default.
Any default in payment or performance of any obligation under any other loans, contracts or
agreements of Borrower, any Subsidiary or Affiliate of Borrower, with Bank or its affiliates
(“Affiliate” shall have the meaning as defined in 11 U.S.C. § 101, except that the term “Borrower”
shall be substituted for the term “Debtor” therein; “Subsidiary” shall mean any business in which
Borrower holds, directly or indirectly, a controlling interest). Cessation; Bankruptcy. The
dissolution of, termination of existence of, loss of good standing status by, appointment of a
receiver for, assignment for the benefit of creditors of, or commencement of any bankruptcy or
insolvency proceeding by or against Borrower, its Subsidiaries or Affiliates, if any, or any party
to the Loan Documents. Material Capital Structure or Business Alteration. Without prior written
consent of Bank, (i) a material alteration in the kind or type of Borrower’s business or that of
Borrower’s Subsidiaries or Affiliates, if any; (ii) the sale of substantially all of the business
or assets of Borrower, any of Borrower’s Subsidiaries or Affiliates or any guarantor, or a material
portion (10% or more) of such business or assets if such a sale is outside the ordinary course of
business of Borrower, or any of Borrower’s Subsidiaries or Affiliates or any guarantor, or more
than 50% of the outstanding stock or voting power of or in any such entity in a single transaction
or a series of transactions; (iii) the acquisition of substantially all of the business or assets
or more than 50% of the outstanding stock or voting power of any other entity (individually and
collectively, an “Acquisition”); provided, however, that so long as Borrower is not in Default,
Borrower may undertake an Acquisition without the prior written consent of Bank so long as such
Acquisition does not create a Default hereunder on a pro-forma basis after giving effect to such
Acquisition; or (iv) should any Borrower or any of Borrower’s Subsidiaries or Affiliates or any
guarantor merge or consolidate, unless the Borrower is the survivor of such merger or consolidation
or the parent of the survivor. Material Adverse Change. Bank determines in good faith, in its
sole discretion, there shall have occurred any event, condition or circumstance or sets of events,
conditions or circumstances or any change(s) occurs which is material and adverse to (A) the value
of the Collateral, (B) the EBITDA projected over an extended period of time of Borrower and its
Subsidiaries, taken as a whole, (C) the liabilities of Borrower and its Subsidiaries, taken as a
whole, or (D) the validity or enforceability of the Loan Documents.

REMEDIES UPON DEFAULT. If a Default occurs under this Note or any Loan Documents, Bank may at any
time thereafter, take the following actions: Bank Lien. Foreclose its security interest or lien
against Borrower’s accounts without notice. Acceleration Upon Default. Accelerate the maturity of
this Note and, at Bank’s option, any or all other Obligations, other than Obligations under any
swap agreements (as defined in 11 U.S.C. § 101) between Borrower and Bank, or its affiliates, which
shall be governed by the default and termination provisions of said swap agreements; whereupon this
Note and the accelerated Obligations shall be immediately due and payable; provided, however, if
the Default is based upon a bankruptcy or insolvency proceeding commenced by or against Borrower or
any guarantor or endorser of this Note, all Obligations (other than Obligations under any swap
agreement as referenced above) shall automatically and immediately be due and payable. Cumulative.
Exercise any rights and remedies as provided under the Note and other Loan Documents, or as
provided by law or equity.

FINANCIAL AND OTHER INFORMATION. Borrower shall deliver to Bank such information as required by
the Loan Agreement. Such information shall be true, complete, and accurate.

WAIVERS AND AMENDMENTS. No waivers, amendments or modifications of this Note and other Loan
Documents shall be valid unless in writing and signed by an officer of Bank. No waiver by Bank of
any Default (as defined in the other Loan Documents) shall operate as a waiver of any other Default
or the same Default on a future occasion. Neither the failure nor any delay on the part of Bank in
exercising any right, power, or remedy under this Note and other Loan Documents shall operate as a
waiver thereof, nor shall a single or partial exercise thereof preclude any other or further
exercise thereof or the exercise of any other right, power or remedy.

Each Borrower or any person liable under this Note waives presentment, protest, notice of dishonor,
notice of intention to accelerate maturity, notice of acceleration of maturity, notice of sale and
all other notices of any kind. Further, each agrees that Bank may extend, modify or renew this
Note or make a novation of the loan evidenced by this Note for any period, and grant any releases,
compromises or indulgences with respect to any collateral securing this Note, or with respect to
any other Borrower or any

4

 

other person liable under this Note or other Loan Documents, all without notice to or consent of
each Borrower or each person who may be liable under this Note or any other Loan Document and
without affecting the liability of Borrower or any person who may be liable under this Note or any
other Loan Document.

MISCELLANEOUS PROVISIONS. Assignment. This Note and the other Loan Documents shall inure to the
benefit of and be binding upon the parties and their respective heirs, legal representatives,
successors and assigns. Bank’s interests in and rights under this Note and the other Loan
Documents are freely assignable, in whole or in part, by Bank. In addition, nothing in this Note
or any of the other Loan Documents shall prohibit Bank from pledging or assigning this Note or any
of the other Loan Documents or any interest therein to any Federal Reserve Bank. Borrower shall
not assign its rights and interest hereunder without the prior written consent of Bank, and any
attempt by Borrower to assign without Bank’s prior written consent is null and void. Any
assignment shall not release Borrower from the Obligations. Applicable Law; Conflict Between
Documents. This Note and, unless otherwise provided in any other Loan Document, the other Loan
Documents shall be governed by and construed under the laws of the state named in Bank’s address on
the first page hereof without regard to that state’s conflict of laws principles. If the terms of
this Note should conflict with the terms of any loan agreement or any commitment letter that
survives closing, the terms of this Note shall control. Borrower’s Accounts. Except as prohibited
by law, Borrower grants Bank a security interest in all of Borrower’s accounts with Bank and any of
its affiliates. Jurisdiction. Borrower irrevocably agrees to non-exclusive personal jurisdiction
in the state named in Bank’s address on the first page hereof. Severability. If any provision of
this Note or of the other Loan Documents shall be prohibited or invalid under applicable law, such
provision shall be ineffective but only to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this Note or other such
document. Notices. Any notices to Borrower shall be sufficiently given, if in writing and mailed
or delivered to the Borrower’s address shown above or such other address as provided hereunder, and
to Bank, if in writing and mailed or delivered to Wachovia Bank, National Association, Mail Code
VA7391, P. O. Box 13327, Roanoke, VA 24040 or Wachovia Bank, National Association, Mail Code
VA7391, 10 South Jefferson Street, Roanoke, VA 24011 or such other address as Bank may specify in
writing from time to time. Notices to Bank must include the mail code. In the event that Borrower
changes Borrower’s address at any time prior to the date the Obligations are paid in full, Borrower
agrees to promptly give written notice of said change of address by registered or certified mail,
return receipt requested, all charges prepaid. Plural; Captions. All references in the Loan
Documents to Borrower, guarantor, person, document or other nouns of reference mean both the
singular and plural form, as the case may be, and the term “person” shall mean any individual,
person or entity. The captions contained in the Loan Documents are inserted for convenience only
and shall not affect the meaning or interpretation of the Loan Documents. Advances. Bank may, in
its sole discretion, make other advances which shall be deemed to be advances under this Note, even
though the stated principal amount of this Note may be exceeded as a result thereof. Posting of
Payments. All payments received during normal banking hours after 2:00 p.m. local time at the
office of Bank first shown above shall be deemed received at the opening of the next banking day.
Joint and Several Obligations. Each person who signs this Note as a Borrower (as defined herein)
is jointly and severally obligated. Fees and Taxes. Borrower shall promptly pay all documentary,
intangible recordation and/or similar taxes on this transaction whether assessed at closing or
arising from time to time. LIMITATION ON LIABILITY; WAIVER OF PUNITIVE DAMAGES. EACH OF THE
PARTIES HERETO, INCLUDING BANK BY ACCEPTANCE HEREOF, AGREES THAT IN ANY JUDICIAL, MEDIATION OR
ARBITRATION PROCEEDING OR ANY CLAIM OR CONTROVERSY BETWEEN OR AMONG THEM THAT MAY ARISE OUT OF OR
BE IN ANY WAY CONNECTED WITH THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY OTHER AGREEMENT OR DOCUMENT
BETWEEN OR AMONG THEM OR THE OBLIGATIONS EVIDENCED HEREBY OR RELATED HERETO, IN NO EVENT SHALL ANY
PARTY HAVE A REMEDY OF, OR BE LIABLE TO THE OTHER FOR, (1) INDIRECT, SPECIAL OR CONSEQUENTIAL
DAMAGES OR (2) PUNITIVE OR EXEMPLARY DAMAGES. EACH OF THE PARTIES HEREBY EXPRESSLY WAIVES ANY
RIGHT OR CLAIM TO PUNITIVE OR EXEMPLARY DAMAGES THEY MAY HAVE OR WHICH MAY ARISE IN THE FUTURE IN
CONNECTION WITH ANY SUCH PROCEEDING, CLAIM OR CONTROVERSY, WHETHER THE SAME IS RESOLVED BY
ARBITRATION, MEDIATION, JUDICIALLY OR OTHERWISE. Patriot Act Notice. To help fight the funding of
terrorism and money laundering activities, Federal law requires all financial

5

 

institutions to obtain, verify, and record information that identifies each person who opens an
account. For purposes of this section, account shall be understood to include loan accounts.

FOURTH AMENDED AND RESTATED REVOLVING PROMISSORY NOTE. This Fourth Amended and Restated Revolving
Promissory Note amends, replaces and supersedes in its entirety that certain Third Amended and
Restated Revolving Promissory dated as of March 7, 2006 in the original principal amount of
$7,000,000.00, executed by Borrower and made payable to the order of Bank (the “Original Note”).
The current outstanding principal balance of the Original Note is $0.00. It is the intention of
Borrower and the Bank that while this Note amends, replaces, renews and supersedes the Original
Note in its entirety, it is not in payment of or satisfaction of the Original Note, but is rather
the substitute of one evidence of debt for another without any intent to extinguish the old.
Should there be any conflict between any of the terms of the Original Note or this Note, the terms
of this Note shall control. The Original Note is attached hereto and shall only be negotiated with
this Note.

WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF BORROWER BY EXECUTION
HEREOF AND BANK BY ACCEPTANCE HEREOF, KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT
EACH MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON, OR ARISING OUT OF, UNDER OR
IN CONNECTION WITH THIS NOTE, THE LOAN DOCUMENTS OR ANY AGREEMENT CONTEMPLATED TO BE EXECUTED IN
CONNECTION WITH THIS NOTE, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL
OR WRITTEN) OR ACTIONS OF ANY PARTY WITH RESPECT HERETO. THIS PROVISION IS A MATERIAL INDUCEMENT
TO BANK TO ACCEPT THIS NOTE. EACH OF THE PARTIES AGREES THAT THE TERMS HEREOF SHALL SUPERSEDE AND
REPLACE ANY PRIOR AGREEMENT RELATED TO ARBITRATION OF DISPUTES BETWEEN THE PARTIES CONTAINED IN ANY
LOAN DOCUMENT OR ANY OTHER DOCUMENT OR AGREEMENT HERETOFORE EXECUTED IN CONNECTION WITH, RELATED TO
OR BEING REPLACED, SUPPLEMENTED, EXTENDED OR MODIFIED BY, THIS NOTE.

IN WITNESS WHEREOF, Borrower, on the day and year first above written, has caused this Note to be
executed under seal.

	 	 	 	 	 
	 	Home Diagnostics, Inc., a Delaware corporation

 	 
	 	By:  	/s/ Gregg Johnson                                    (SEAL)
 	 
	 	 	Name:  	Gregg Johnson 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 	 	 
	STATE OF ILLINOIS

	 	 	)

)	 	 	SS.:
	COUNTY OF LAKE

	 	 	)	 	 	 

     The foregoing instrument was acknowledged before me December ___, 2006, by Gregg Johnson, as
Vice President of Home Diagnostics, Inc., a Delaware corporation, on behalf of the corporation. He
is personally known to me or who has/have produced a driver’s license as identification and did
(not) take an oath.

	 	 	 	 	 
	 	 	 
	 	     /s/ Douglas F. Challos
 	 
	 	Name:  	Douglas F. Challos 	 
	 	Notary Public, State of Illinois

My commission expires: 10/05/09 	 
	 

6EX-10.1

 

Exhibit 10.1

THIRD AMENDMENT

TO

AMENDED & RESTATED CREDIT AGREEMENT

          THIS THIRD AMENDMENT TO AMENDED & RESTATED CREDIT AGREEMENT (this “Third Amendment”)
dated as of December 15, 2006, relates to that certain Amended and Restated Credit Agreement dated
as of December 19, 2005 (as amended by that certain First Amendment, dated as of March 22, 2006,
that certain Second Amendment dated as of July 21, 2006 and as further amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among NMHG Holding Co., a
Delaware corporation (“NMHG Holding”), NACCO Materials Handling Group, Inc., a Delaware
corporation (“NMHG”), NACCO Materials Handling Limited (company number 02636775),
incorporated under the laws of England and Wales (the “UK Borrower”), NACCO Materials
Handling B.V., a private company with limited liability incorporated under the laws of the
Netherlands having its corporate seat in Nijmegen (together with NMHG Holding, NMHG and the UK
Borrower, the “Borrowers”), the financial institutions from time to time a party thereto as
Lenders, whether by execution of the Credit Agreement or an Assignment and Acceptance (as defined
therein), the financial institutions from time to time party thereto as Issuing Bank, whether by
execution of the Credit Agreement or an Assignment and Acceptance or otherwise, Citicorp North
America, Inc., a Delaware corporation, in its capacity as administrative agent for the Lenders and
the Issuing Bank thereunder (with its successors and permitted assigns in such capacity, the
“Administrative Agent”), and Citigroup Global Markets Inc. as sole lead arranger and sole
bookrunner.

          1. Definitions. Capitalized terms defined in the Credit Agreement and not otherwise
defined or redefined herein have the meanings assigned to them in the Credit Agreement.

          2. Third Amendment Effective Date Amendments to Credit Agreement. Upon the “Third
Amendment Effective Date” (as defined in Section 4 below), the Credit Agreement is hereby
amended as follows:

          2.1 Amendments to Section 6.01(p) (ERISA Matters). Section 6.01(p) of the Credit
Agreement is hereby amended as follows:

     (a) By deleting the sixth sentence of Section 6.01(p) in its entirety and substituting
the following in its stead:

No Borrower or any ERISA Affiliate nor any fiduciary of any Plan
which is not a Multiemployer Plan (i) has engaged in a nonexempt
prohibited transaction described in Sections 406 of ERISA or 4975 of
the Internal Revenue Code or (ii) has taken or failed to take any
action which would constitute or result in a Termination Event other
than (a) a merger permitted under Section 9.09(b)
(Restrictions on Fundamental Changes), (b) the Reportable Events

 

 

described on Schedule 6.01-P(A) attached hereto, (c) a
Reportable Event described in Section 4043(c)(3) of ERISA (decline
in number of participants); (d) a Reportable Event described in
Section 4039(c)(9) of ERISA (change in the members of the controlled
group) to the extent that the Reportable Event relates to an ERISA
Affiliate other than the Borrowers and their Subsidiaries; (e) a
Reportable Event described in Section 4043(c)(10) to the extent that
the Reportable Event result from a liquidation of an ERISA Affiliate
other than the Borrowers and their Subsidiaries; (f) a Reportable
Event described in Section 4043(c)(11) to the extent that the
Reportable Event results from the declaration of an extraordinary
dividend payable to, or an extraordinary stock redemption of, an
ERISA Affiliate other than the Borrowers and their Subsidiaries; or
(g) any other Reportable Event, in each case to the extent such
Reportable Events are not reasonably expected to result in a
liability in excess of $2,000,000 to any Borrower or any ERISA
Affiliate.

     (b) By deleting the final sentence of Section 6.01(p) in its entirety and substituting
the following in its stead:

As of the Third Amendment Effective Date, each Borrower has given to
the Administrative Agent copies of all of the following: each
Benefit Plan and related trust agreement (including all amendments
to such Plan and trust) in existence or committed to as of the Third
Amendment Effective Date and in respect of which any Borrower or any
ERISA Affiliate is currently an “employer” as defined in section
3(5) of ERISA, and the most recent actuarial report, determination
letter issued by the IRS and Form 5500 filed in respect of each such
Benefit Plan in existence; a listing of all of the Multiemployer
Plans currently contributed to by any Borrower or any ERISA
Affiliate with the aggregate amount of the most recent annual
contributions required to be made by the Borrowers and all ERISA
Affiliates to each such Multiemployer Plan, any information which
has been provided to any Borrower or an ERISA Affiliate regarding
withdrawal liability under any Multiemployer Plan and the collective
bargaining agreement pursuant to which such contribution is required
to be made; and as to each employee welfare benefit plan within the
meaning of Section 3(1) of ERISA which provides benefits to
employees of any Borrower or any Borrower Subsidiary after
termination of employment other than as required by Section 601 of
ERISA, the plan document (or, if no plan document is available, a
written description of the benefits provided under such plan), the
actuarial report for such plan (if any), the aggregate amount of the
most recent annual payments made to, or on behalf of, terminated

2

 

employees under each such plan, and any information about funding to
provide for such welfare benefits.

          2.2 Amendments to Section 6.01(q) (Foreign Employee Benefit Plan Matters). Section
6.01(q) of the Credit Agreement is hereby amended by deleting the fourth sentence thereof and
substituting the following in its stead:

Contributions to such Foreign Pension Plan are being made at the
rate recommended by actuarial advice to eliminate any funding
deficits disclosed in such valuation over no more than a 14 year
period. No Borrower or Borrower Subsidiary, or trustee has taken nor
will take any action which would materially increase any such
deficit, unless compelled to do so in compliance with applicable
legislation.

          2.3 Amendments to Section 7.06 (ERISA and Analogous Notices). Section 7.06 of the
Credit Agreement is hereby amended by adding the following new Subsections to the end thereof:

	 	(m)	 	within ten (10) Business Days after any Borrower or any
Borrower Subsidiary knows or has reason to know of the adoption of any new
employee welfare benefit plan within the meaning of Section 3(1) of ERISA which
provides benefits to employees after termination of employment other than as
required by Section 601 of ERISA, a copy of such plan and a description of the
projected benefit obligations thereunder;
	 
	 	(n)	 	within three (3) Business Days after receipt by any Borrower or
Borrower Subsidiary of any valuation report for any Foreign Pension Plan with
a defined benefit element not wholly covered by insurance maintained or
contributed to by any Borrower or Borrower Subsidiary, a copy of such report;
	 
	 	(o)	 	within three (3) Business Days after the adoption of a new
collective bargaining agreement covering any employees of any Borrower or
Borrower Subsidiary, a copy thereof;
	 
	 	(p)	 	within three (3) Business Days after any Borrower or any
Borrower Subsidiary knows or has reason to know of the adoption of any new
agreement listed in Section 6.01(r)(ii), a copy thereof and a
description of the projected liabilities thereunder.”

          2.4 Addition of Section 7.16. Article VII of the Credit Agreement is hereby amended
to add the following new Section 7.16 thereto:

3

 

     7.16. Update of Certain Schedules. If any of the
information or disclosures provided on any of Schedules 6.01-A,
6.01-C, 6.01-P, 6.01-R, 6.01-V, 6.01-W, 6.01-Y, 6.01-Z or
6.01-CC, attached hereto as of the Closing Date become outdated
or incorrect in any material respect, the Borrowers shall deliver to
the Administrative Agent and the Lenders as part of the Compliance
Certificate required pursuant to Section 7.01(e)(ii) (or
more frequently in the Borrowers’ reasonable judgment or upon the
request of the Administrative Agent) such revision or updates to
such Schedule(s) as may be necessary or appropriate to update or
correct such Schedule(s), which revisions shall be effective from
the date accepted in writing by the Administrative Agent, such
acceptance not to be unreasonably withheld; provided, that
(i) no such revisions or updates to any such Schedule(s) shall be
deemed to have cured any breach of warranty or misrepresentation
occurring prior to the delivery of such revision or update by reason
of the inaccuracy or incompleteness of any such Schedule(s) at the
time such warranty or representation previously was made or deemed
to be made and (ii) such Schedule(s) may only be updated to the
extent that such related actions disclosed are otherwise not
prohibited by the Credit Agreement and other Loan Documents prior to
such Schedule being revised or updated (for example, without
limitation, Schedule 6.01-A may only be modified to reflect
events not prohibited by Section 9.13, Schedule
6.01-Z may only be modified as permitted by Section
3.06).

          3. Representations and Warranties. The Borrowers hereby represent and warrant to each
Lender, each Issuing Bank and the Administrative Agent that (a) all of the representations and
warranties of the Borrowers and the Borrower Subsidiaries in the Credit Agreement and in any other
Loan Document are true and correct in all material respects on and as of the Third Amendment
Effective Date as though made to each Lender, each Issuing Bank and the Administrative Agent on and
as of such date (other than representations and warranties which expressly speak as of a different
date, which representations shall be made only on such date) and (b) as of the Third Amendment
Effective Date, no Event of Default or Default has occurred and is continuing.

          4. Third Amendment Effective Date. This Third Amendment shall become effective as of
the date first above written (the “Third Amendment Effective Date”) upon the satisfaction
of the following conditions:

          4.1 The Administrative Agent shall have received counterparts hereof executed by the
Borrowers, the Administrative Agent and each Lender;

          4.2 Each of the representations and warranties contained in this Third Amendment shall be true
and correct in all material respects on and as of the Third Amendment Effective Date;

4

 

          4.3 As of the Third Amendment Effective Date, no Event of Default or Default shall have
occurred and be continuing; and

          4.4 The Borrowers shall have reimbursed the Administrative Agent for the reasonable fees,
costs and expenses incurred by or owing to it in connection with this Third Amendment, and all
other outstanding fees and expenses incurred prior to the Third Amendment Effective Date, in each
case which are payable under Section 14.02 of the Credit Agreement.

          5. Miscellaneous.

          5.1 This Third Amendment is a Loan Document. The headings herein are for convenience of
reference only and shall not alter or otherwise affect the meaning hereof.

          5.2 On and after the Third Amendment Effective Date, each reference in the Credit Agreement to
“this Agreement”, “hereunder”, “hereof” or words of like import, and each reference in the other
Loan Documents to the Credit Agreement, shall mean and be a reference to the Credit Agreement as
amended hereby. Except to the extent specifically amended or modified hereby, all of the terms of
the Credit Agreement and the other Loan Documents shall remain unchanged and in full force and
effect and are hereby ratified and confirmed in all respects.

          5.3 The execution, delivery and effectiveness of this Third Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of any Lender, the
Issuing Bank or the Administrative Agent under the Credit Agreement or any of the Loan Documents,
nor obligate any Lender, the Issuing Bank or the Administrative Agent to agree to similar
amendments in the future.

          6. Counterparts; Facsimile Delivery. This Third Amendment may be executed in
counterparts, each of which when so executed and delivered shall be deemed an original, but all
such counterparts together shall constitute but one and the same instrument. Delivery of an
executed counterpart of this Third Amendment by facsimile transmission shall be effective as
delivery of a manually executed counterpart hereof.

          7. GOVERNING LAW. THIS THIRD AMENDMENT, AND ALL ISSUES RELATING TO THIS THIRD
AMENDMENT, INCLUDING THE VALIDITY, ENFORCEABILITY, INTERPRETATION OR CONSTRUCTION OF THIS THIRD
AMENDMENT OR ANY PROVISION HEREOF, SHALL BE GOVERNED BY, AND SHALL BE DETERMINED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

[Signature pages follow]

5

 

     IN WITNESS WHEREOF, the Administrative Agent, the Issuing Bank, the Requisite Lenders and the
Borrowers have caused this Third Amendment to be executed by their respective officers thereunto
duly authorized as of the date first above written.

	 	 	 	 	 
	NMHG HOLDING CO.
	 
	 	 	 	 
	By:

	 	
/s/ Jeffrey C. Mattern	 	 
	 

	 	 	 	 
	 

	 	Name: Jeffrey C. Mattern	 	 
	 

	 	Title: Treasurer	 	 
	 
	 	 	 	 
	NACCO MATERIALS HANDLING GROUP, INC.
	 
	 	 	 	 
	By:
	 	
/s/ Jeffrey C. Mattern	 	 
	 

	 	 	 	 
	 

	 	Name:
Jeffrey C. Mattern	 	 
	 

	 	Title: Treasurer	 	 
	 
	 	 	 	 
	NACCO MATERIALS HANDLING LIMITED
	 
	 	 	 	 
	By:
	 	
/s/ Carolyn M. Vogt	 	 
	 

	 	 	 	 
	 

	 	Name:
Carolyn M. Vogt	 	 
	 

	 	Title: Vice President and Secretary	 	 
	 
	 	 	 	 
	NACCO MATERIALS HANDLING B.V.
	 
	 	 	 	 
	By: NACCO MATERIALS HANDLING GROUP, LTD.,
             its Managing Director
	 
	 	 	 	 
	By:
	 	
/s/ Jeffrey C. Mattern	 	 
	 

	 	 	 	 
	 

	 	Name:
Jeffrey C. Mattern	 	 
	 

	 	Title: Director	 	 

 

 

	 	 	 	 	 
	CITICORP NORTH AMERICA, INC., as Administrative Agent, as
Issuing Bank, as Swing Loan Bank and as a Domestic Lender
	 
	 	 	 	 
	By:
	 	/s/ Miles D. McManus	 	 
	 

	 	 	 	 
	 

	 	Name: Miles D. McManus	 	 
	 

	 	Title: Vice President and Director	 	 
	 
	 	 	 	 
	CITIBANK INTERNATIONAL PLC, as Multicurrency Lender and as
Overdraft Line Bank
	 
	 	 	 	 
	By:
	 	/s/ Miles D. McManus	 	 
	 

	 	 	 	 
	 

	 	Name Miles D. McManus	 	 
	 

	 	Title: Vice President and Director	 	 

 

 

	 	 	 	 	 
	GENERAL ELECTRIC CAPITAL CORPORATION, 

as a Domestic Lender
	 
	 	 	 	 
	By:
	 	/s/ Robert M. Rzzo	 	 
	 

	 	 	 	 
	 

	 	Name: Robert M. Rzzo	 	 
	 

	 	Title: Duly Authorized Signatory	 	 

 

 

	 	 	 	 	 
	WELLS FARGO FOOTHILL, INC., as a Domestic Lender
	 
	 	 	 	 
	By:
	 	/s/ Jim Futong	 	 
	 

	 	 	 	 
	 

	 	Name: Jim Futong	 	 
	 

	 	Title: AVP	 	 

 

 

	 	 	 	 	 
	U.S. BANK NATIONAL ASSOCIATION, as a Domestic Lender
	 
	 	 	 	 
	By:
	 	/s/ Scott J. Bell	 	 
	 

	 	 	 	 
	 

	 	Name: Scott J. Bell	 	 
	 

	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 
	KEY CORPORATE CAPITAL INC., as a Domestic Lender
	 
	 	 	 	 
	By:
	 	/s/ Roger F. Reeder	 	 
	 

	 	 	 	 
	 

	 	Name: Roger F. Reeder	 	 
	 

	 	Title: Vice President	 	 

 

 

	 	 	 	 	 
	ING Capital LLC, as a Domestic Lender
	 
	 	 	 	 
	By: 
	 	/s/ W. C. Berging	 	 
	 

	 	 	 	 
	 

	 	Name: W. C. Berging	 	 
	 

	 	Title: Managing Director	 	 

 

 

	 	 	 	 	 
	BANK OF AMERICA, N.A., as a Domestic Lender
	 
	 	 	 	 
	By:
	 	/s/ Daryl K. Hogge	 	 
	 

	 	 	 	 
	 

	 	Name: Daryl K. Hogge	 	 
	 

	 	Title: Senior Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]