SEC Contract Filing

Filing Date: 2016-07-21

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a16-15024_1ex10d1.htm
<DESCRIPTION>EX-10.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;10.1</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Execution Version</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ABL AMENDMENT</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This ABL AMENDMENT, dated as of July&nbsp;15, 2016 (this <b>&#147;Amendment&#148;</b>), by and among Douglas Dynamics,&nbsp;Inc. (<b>&#147;Holdings&#148;</b>), Douglas Dynamics, L.L.C. (the <b>&#147;Company&#148;</b>), Douglas Dynamics Finance Company (<b>&#147;DD Finance&#148;</b>), Fisher, LLC (<b>&#147;Fisher&#148;</b>), Trynex International LLC (<b>&#147;Trynex&#148;</b>), Henderson Enterprises Group,&nbsp;Inc. (the survivor of a merger with DDIZ Acquisition,&nbsp;Inc.) (<b>&#147;HEG&#148;</b>, and together with the Company, DD Finance, Fisher and Trynex, the &#147;<b>Borrowers</b>&#148;), Henderson Products,&nbsp;Inc. (<b>&#147;HPI&#148;</b>) and Acquisition Delta LLC (<b>&#147;Delta&#148;</b> and, together with Holdings and HPI, each a <b>&#147;Guarantor&#148;</b> and collectively, the &#147;<b>Guarantors</b>&#148; and, the Guarantors together with the Borrowers, the <b>&#147;Loan Parties&#148;</b>), the Lenders (as defined below) and JPMorgan Chase Bank, N.A. (<b>&#147;JPMorgan&#148;</b>), as administrative agent for the Lenders (in such capacity, the <b>&#147;Administrative Agent&#148;</b>) and as collateral agent for the Lenders (in such capacity, the <b>&#147;Collateral Agent&#148;</b>).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">W</font></u> <u>I</u> <u>T</u> <u>N</u> <u>E</u> <u>S</u> <u>S</u> <u>E</u> <u>T</u> <u>H</u>:</p>
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<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Loan Parties are party to that certain Second Amended and Restated Credit and Guaranty Agreement (as amended, amended and restated, supplemented or otherwise modified from time to time, the <b>&#147;ABL Credit Agreement&#148;</b>), dated as of December&nbsp;31, 2014, among the Loan Parties, the lenders from time to time party thereto (the <b>&#147;Lenders&#148;</b>), the Administrative Agent, the Collateral Agent and the certain other parties from time to time party thereto;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Borrowers have requested that certain amendments be made to the ABL Credit Agreement;</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Lenders, on the terms and conditions set forth herein, are willing to agree to the amendments set forth herein;</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I. DEFINED TERMS</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Terms defined in the ABL Credit Agreement and not defined herein are used herein as defined therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II. AMENDMENTS</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:74.15pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Lenders hereby agree that the ABL Credit Agreement is hereby amended as of the Amendmen