Summary of MANITEX INTERNATIONAL, INC.

Item 1.01. Entry into a Material Definitive Agreement.

Company and Comerica Bank Amend Credit Agreements to Extend Maturity Date:

Manitex International, Inc. (the "Company") currently has U.S. and Canadian revolving lines of credit as well as a term loan (the "Loan Agreements")with Comerica Bank ("Comerica"). On July 9, 2009, the Company and certain of its subsidiaries entered into amendments to the Loan Agreements with Comerica which, among other things, extended the maturity date of the Loan Agreements from April 1, 2010 to April 1, 2012. The specific Loan Agreements that were amended are as follows:

Х the Second Amended and Restated Credit Agreement dated April 11, 2007, as amended, and Revolving Credit Note (U.S. revolving line of credit);

Х the Master Revolving Note dated December 29, 2006, as amended (Canadian revolving line of credit); and

Х the Variable Rate-Single Payment Note dated March 10, 2005, as amended (term loan).

Additional on July 9, 2009, Comerica, Quantum Value Management LLC, Manitex International, Inc. and Manitex, Inc. entered into an Assignment and Assumption Agreement ("Assumption Agreement"). Under the Assumption Agreement Mantiex International, Inc. and Manitex, Inc. jointly assumed the Term Debt which had an outstanding balance of $1,483,299 as of July 9, 2009

Set forth below is a summary of each of these amendments, which is qualified in its entirety by reference to the copies of such amendments and notes attached as Exhibits 10.1, 10.2, 10.3, 10.4, 10.5 and 10.6 to this Current Report on Form 8-K and incorporated by reference herein.

Amendment No. 4 to Second Amended and Restated Credit Agreement and Amendment to Revolving Credit Note.

On July 9, 2009, the Company, Manitex, Inc., a subsidiary of the Company (together with the Company collectively referred to as the "Companies"), and Comerica entered into Amendment No.4 to the Second Amended and Restated Credit Agreement, dated April 11, 2007, as amended on August 9, 2007, October 18, 2007, and June 30, 2008 and an Amendment to the Revolving Credit Note issued pursuant to such Credit Agreement. This Amendment No. 4, among other things (i) extends the maturity date of the note from April 1, 2010 to April 1, 2012;
(ii) increases the Tangible Effective Net Worth required to be maintained by the Companies and their subsidiaries; (iii) lowers the Debt Service Coverage Ratio of not less than 1.2 to 1.0 to 1.1 to 1.0 through March 31, 2010 after March 31, 2010 the Debt Service Coverage Ratio increases to not less than 1.25 to 1.0,
(iv) revises certain definitions and amounts used in calculating the borrowing base under the Credit Agreement, and (v) increases the interest rate to U.S. Prime Rate plus 2.0%. The amendment also provides that Comerica is to receive an amendment fee of $102,500 upon execution of the amendment.

Amendment No. 4 to the Canadian Note.

On July 9, 2009, Manitex LiftKing, ULC ("Manitex LiftKing"), a subsidiary of the Company, and Comerica entered into Amendment No. 3 to the Master Revolving Note in the original principal amount of CDN $3.5 million (currently CDN $4.5 million), dated December 29, 2006, as amended on August 9, 2007, October 18, 2007 and June 30, 2008. (the "Canadian Note"), which extends the maturity date of such note from April 1, 2010 to April 1, 2012. The Canadian Note provides for an interest on Canadian dollar borrowings at the Canadian Prime Rate plus 3% and on U.S. dollar borrowings at the U.S. Prime Rate plus 2%. The amendment also provides that Comerica is to receive an amendment fee of U.S. $18,000 upon execution of the amendment.

Installment Note.

On July 9, 2009, the Company and Manitex, Inc., a subsidiary of the Company executed an installment note (Installment Note") for $1,483,299. The Installment Note replaces the Variable Rate-Single Payment Note in the original principal amount of $20.0 million dated March 10, 2005, as amended on September 11, 2006, December 20, 2006, August 9, 2007 and June 30, 2008. The Installment Notes extends the maturity date to April 1, 2012 from April 1, 2010, continues to provide for consecutive monthly principal payments of $50,000 each, plus interest on the unpaid principal balance of the note. The Installment Note bears interest at the U.S. Prime Rate plus 2.5%