Exhibit 10.1

EXECUTION COPY

AMENDMENT NO. 4 TO THIRD AMENDED AND RESTATED

RECEIVABLES PURCHASE AGREEMENT

THIS AMENDMENT NO. 4 TO THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE
AGREEMENT, dated as of March 21, 2014 (this “Amendment”), is by and among:

(a) Tenneco Automotive RSA Company, a Delaware corporation (“Seller”),

(b) Tenneco Automotive Operating Company Inc., a Delaware corporation (“Tenneco
Operating”), as Servicer (the “Servicer” and, together with Seller, the “Seller
Parties”),

(c) Chariot Funding LLC (as successor by merger to Falcon Asset Securitization
Company LLC), a Delaware limited liability company (“Chariot”), and Liberty
Street Funding LLC, a Delaware limited liability company, as Conduits (each, a
“Conduit”),

(d) The entities party hereto as “Committed Purchasers” (the “Committed
Purchasers” and together with the Conduits, the “Purchasers”),

(e) The Bank of Nova Scotia (“Scotiabank”), Wells Fargo Bank, N.A. (“Wells
Fargo”) and JPMorgan Chase Bank, N.A. (“JPMorgan”), as Co-Agents (each a
“Co-Agent”), and

(f) JPMorgan, in its capacity as administrative agent under the Receivables
Purchase Agreement (as defined below) (in such capacity, together with its
successors and assigns, the “Administrative Agent” and, together with each of
the Co-Agents, the “Agents”),

and consented to by Wells Fargo, as Second Lien Agent under the Intercreditor
Agreement (as defined below) (in such capacity, together with its successors and
assigns, the “Second Lien Agent”).

W I T N E S S E T H :

WHEREAS, Seller, Servicer, the Purchasers, the Co-Agents and the Administrative
Agent are parties to that certain Third Amended and Restated Receivables
Purchase Agreement dated as of March 26, 2010 (as heretofore amended, the
“Receivables Purchase Agreement”);

WHEREAS, Seller, Servicer, the Administrative Agent, as First Lien Agent, and
the Second Lien Agent are parties to that certain Intercreditor Agreement dated
as of March 26, 2010 (as heretofore amended, the “Intercreditor Agreement”);

WHEREAS, the parties wish to amend the Receivables Purchase Agreement and extend
the facility evidenced thereby on the terms and subject to the conditions set
forth herein; and

WHEREAS, the Purchasers and Agents are willing to agree to, and the Second Lien
Agent is willing to consent to, such amendments and extension subject to the
terms and conditions set forth herein.

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NOW, THEREFORE, in consideration of the premises herein contained, and for other
good and valuable consideration, the receipt of which is hereby acknowledged,
the parties hereto hereby agree as follows:

1. Defined Terms. Capitalized terms used herein and not otherwise defined shall
have their meanings as attributed to such terms in the Receivables Purchase
Agreement.

2. Amendments. Upon satisfaction of the conditions precedent set forth in
Section 3 hereof, the Receivables Purchase Agreement is hereby amended as of the
Effective Date as follows:

(a) Clause (d) of the preamble to the Receivables Purchase Agreement is amended
and restated in its entirety to read as follows:

“(d) Chariot Funding LLC, a Delaware limited liability company, and its assigns
hereunder (collectively, the “Chariot Committed Purchasers” and, together with
Chariot in its capacity as Conduit, the “Chariot Group”), The Bank of Nova
Scotia, a Canadian chartered bank (“Scotiabank”), and its assigns hereunder
(collectively, the “Liberty Street Committed Purchasers” and, together with
Liberty Street, the “Liberty Street Group”) and Wells Fargo Bank, N.A., a
national banking association (“Wells Fargo”), and its assigns hereunder
(collectively, the “Wells Fargo Committed Purchasers” or the “Wells Fargo
Group”),

(b) Section 3.1 of the Receivables Purchase Agreement is hereby amended and
restated in its entirety to read as follows:

“Section 3.1 CP Costs. Seller shall pay CP Costs with respect to the Capital
funded by any Conduit or Committed Purchaser through issuing Commercial Paper
for each day that any such Capital is outstanding. Capital funded by a Conduit
substantially with Pooled Commercial Paper will accrue CP Costs each day on a
pro rata basis, based upon the percentage share such Capital represents in
relation to all assets held by such Conduit and funded substantially with
related Pooled Commercial Paper.”

(c) Section 4.1 of the Receivables Purchase Agreement is hereby amended and
restated in its entirety to read as follows:

“Section 4.1 Committed Purchaser Funding. Any portion of the Capital funded by
the Committed Purchasers in a Group that has not been funded through the
issuance of Commercial Paper, shall accrue Yield for each day during each
Tranche Period at either the LIBO Rate, the Transaction Rate or the Prime Rate
in accordance with the terms and conditions hereof. Until Seller gives notice to
the applicable Co-Agent of another Discount Rate in accordance with Section 4.4,
the initial Discount Rate for any interest in a Purchaser Interest transferred
to the Committed Purchasers in a Group by the applicable Conduit pursuant to the
terms and conditions of any Liquidity Agreement shall be (i) with respect to any
Group other than the Chariot Group, the Prime Rate; provided that, the
applicable Co-Agent for such Group has provided the Seller with written notice
of such transfer as of the date of such transfer; and (ii) with respect to the
Chariot Group or any other Group that fails to provide written notice of such
transfer in accordance with the preceding clause (i), the LIBO Rate. If the
Committed Purchasers in a Group acquire by assignment from the applicable
Conduit any interest in a Purchaser Interest pursuant to a Liquidity Agreement,
Capital allocable to each interest so assigned shall each be deemed to have a
new Tranche Period commencing on the date of any such assignment.”

 

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(d) Section 4.6 of the Receivables Purchase Agreement is hereby amended and
restated in its entirety to read as follows:

“Section 4.6 Liquidity Agreement Fundings.

(a) The parties hereto acknowledge that each Conduit may assign all or any
portion of its Purchaser Interests to the Committed Purchasers in its Group at
any time pursuant to its Liquidity Agreement to finance or refinance the
necessary portion of its Purchaser Interests through a funding under such
Liquidity Agreement to the extent available. The fundings under each Liquidity
Agreement will accrue Yield in accordance with this Article IV. Regardless of
whether a funding of Purchaser Interests by Committed Purchasers constitutes the
direct purchase of an interest in Purchaser Interests hereunder, an assignment
under the applicable Liquidity Agreement of an interest in Purchaser Interests
originally funded by a Conduit or the sale of one or more participations or
other interests under such Liquidity Agreement of an interest in a Purchaser
Interest originally funded by a Conduit, each Committed Purchaser participating
in a funding of an interest in Purchaser Interests shall have the rights and
obligations of a “Purchaser” hereunder with the same force and effect as if it
had directly purchased such interest from Seller hereunder.

(b) The Chariot Group Committed Purchaser and the Chariot Agent, represent and
warrant that they are parties to the Chariot Liquidity Agreement relating to the
Purchaser Interests, under which JPMorgan Chase as an “APA Bank” under the
Chariot Liquidity Agreement has issued a “Commitment” to the Committed Purchaser
to purchase the Purchaser Interest (or any portion thereof or interests
therein), or make limited recourse loans in respect of the Purchaser Interest in
at least all circumstances in which the Chariot Committed Purchaser is required
to make any purchase hereunder. Each of the Chariot Conduit and Chariot
Committed Purchaser agrees that, to the extent the Chariot Committed Purchaser
is unable to purchase all or any portion of the Chariot Group’s Percentage of a
Purchase Price specified in a Purchase Notice delivered in accordance with
Section 1.2 (the “Purchase Deficit”) through the issuance of Commercial Paper,
it will enforce its rights under the Chariot Liquidity Agreement against the APA
Bank in order to fund such Purchase Deficit. The Chariot Agent agrees that
(A) to the extent the Chariot Committed Purchaser is unable to purchase such
Purchase Deficit through the issuance of Commercial Paper, it will cause the
Chariot Conduit and the Chariot Committed Purchaser to enforce their rights
under the Chariot Liquidity Agreement against the APA Bank in order to fund such
Purchase Deficit, (B) it will ensure that all times that its Commitment will be
supported in full by a “Commitment” from the APA Bank under the Chariot
Liquidity Agreement and (C) it will ensure that Chariot will not enter into an
asset purchase agreement with another APA Bank without the consent of the Seller
(which consent will not be unreasonably withheld). The Chariot Agent agrees to
notify the Seller at least thirty (30) days prior to the effective date of any
proposed amendment, supplement or modification to the Chariot Liquidity
Agreement that would adversely affect the interests of the Seller.”

(e) Section 5.1(p) of the Receivables Purchase Agreement is hereby amended and
restated in its entirety to read as follows:

“(p) Not an Investment Company. Such Seller Party is not and, will not as a
result of the transactions contemplated hereby be, required to register as an
“investment company” under the Investment Company Act of 1940, as amended,
without reliance on the exceptions contained in Sections 3(c)(1) or 3(c)(7)
thereunder unless such Seller Party is entitled to the benefit of the exclusion
for loan securitizations in the Volcker Rule under C.F.R. 75.10(c)(8).”

 

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(f) Section 5.1(y)(ii) of the Receivables Purchase Agreement is hereby amended
and restated in its entirety to read as follows:

“(ii) Such Seller Party has implemented and maintains in effect policies and
procedures designed to reasonably ensure compliance by such Seller Party and its
Subsidiaries, directors, officers, employees and agents with Anti-Corruption
Laws and applicable Sanctions, and such Seller Party, its Subsidiaries and, to
the knowledge of such Seller Party, such Seller Party’s directors, officers,
employees and agents, are in compliance with Anti-Corruption Laws and applicable
Sanctions in all material respects. None of (a) such Seller Party, its
Subsidiaries or, to the knowledge of such Seller Party, any of such Seller
Party’s directors, officers or employees, or (b) to the knowledge of such Seller
Party, any agent of such Seller Party or any Subsidiary that will act in any
capacity in connection with or benefit from the facility established hereby, is
a Sanctioned Person. No Incremental Purchase, use of proceeds or other
transaction by such Seller Party contemplated by this Agreement will, to such
Seller Party’s knowledge, violate Anti-Corruption Laws or applicable Sanctions.”

(g) Section 7.1 of the Receivables Purchase Agreement is hereby amended by
adding the following clause (m) immediately following clause (l) thereof:

“(m) Anti-Corruption Laws. Such Seller Party will maintain in effect and enforce
policies and procedures designed to reasonably ensure compliance by such Seller
Party and each of its Subsidiaries, directors, officers, employees and agents
with Anti-Corruption Laws and applicable Sanctions.”

(h) Section 7.2 of the Receivables Purchase Agreement is hereby amended by
adding the following clause (k) immediately following clause (j) thereof:

“(k) Anti-Corruption Laws. The Seller will not request any Incremental Purchase,
and none of the Seller Parties shall use, and shall use commercially reasonable
efforts to procure that its Subsidiaries and its or their respective directors,
officers, employees and agents shall not use, the proceeds of any Incremental
Purchase (A) in furtherance of an offer, payment, promise to pay, or
authorization of the payment or giving of money, or anything else of value, to
any Person in violation of any Anti-Corruption Laws, (B) to any Seller Party’s
knowledge for the purpose of funding, financing or facilitating any activities,
business or transaction of or with any Sanctioned Person, or in any Sanctioned
Country, or (C) in any manner that, to the knowledge of any Seller Party, would
result in the violation of any Sanctions applicable to any party hereto.”

(i) The first sentence of Section 10.1 of the Receivables Purchase Agreement is
hereby amended by replacing the word “taxes” with the defined term “Taxes”.

(j) Section 10.1(c) of the Receivables Purchase Agreement is hereby amended and
restated in its entirety to read as follows:

“(c) Excluded Taxes;”

(k) The first sentence of Section 10.2 of the Receivables Purchase Agreement is
hereby amended and restated in its entirety to read as follows:

“If any Regulatory Change, except for (a) changes in the rate of tax on the
overall net income of a Purchaser or Affected Entity or (b) taxes excluded by
Section 10.1, (i) subjects any Purchaser or any Affected Entity to any charge or
withholding on or with respect to this

 

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Agreement or any other Funding Agreement or a Purchaser’s or Affected Entity’s
obligations under this Agreement or any other Funding Agreement, or on or with
respect to the Receivables or (ii) imposes, modifies or deems applicable any
reserve, assessment, fee, insurance charge, special deposit or similar
requirement against assets of, deposits with or for the account of, or
liabilities of an Affected Entity or a Purchaser, or credit extended by an
Affected Entity or a Purchaser pursuant to this Agreement or any other Funding
Agreement (except the reserve requirement reflected in the LIBO Rate) or
(iii) imposes any other condition affecting this Agreement or any Funding
Agreement and the result of any of the foregoing is to increase the cost to an
Affected Entity or a Purchaser of performing its obligations under this
Agreement or any other Funding Agreement, or to reduce the rate of return on an
Affected Entity’s or Purchaser’s capital as a consequence of its obligations
under this Agreement or any other Funding Agreement, or to reduce the amount of
any sum received or receivable by an Affected Entity or a Purchaser under this
Agreement or any other Funding Agreement, or to require any payment calculated
by reference to the amount of interests or loans held or interest received by it
then, on the forty-fifth (45th) day after demand by the related Co-Agent, Seller
shall pay to such Co-Agent, for the benefit of the relevant Affected Entity or
Purchaser, such amounts charged to such Affected Entity or Purchaser or such
amounts to otherwise compensate such Affected Entity or such Purchaser for such
increased cost or such reduction; provided, that solely in the case of a
Regulatory Change of the type described in clause (iii) of the definition
thereof, Seller shall only be liable for amounts in respect of increased costs
or reduced returns for the period of up to ninety (90) days prior to the date on
which such demand was made.”

(l) The Receivables Purchase Agreement is hereby amended by adding the following
Section 10.4 immediately following Section 10.3 thereof:

“Section 10.4 Taxes

(a) Any and all payments by or on account of any obligation of the Seller under
any Transaction Document shall be made without deduction or withholding for any
Taxes, except as required by applicable law. If any applicable law (as
determined in the good faith discretion of the Seller) requires the deduction or
withholding of any Tax from any such payment by the Seller, then the Seller
shall be entitled to make such deduction or withholding and shall timely pay the
full amount deducted or withheld to the relevant Governmental Authority in
accordance with applicable law and, if such Tax is an Indemnified Tax, then the
sum payable by the Seller shall be increased as necessary so that after such
deduction or withholding has been made (including such deductions and
withholdings applicable to additional sums payable under this Section 10.4) the
applicable Indemnified Party receives an amount equal to the sum it would have
received had no such deduction or withholding been made.

(b) The Seller shall timely pay to the relevant Governmental Authority in
accordance with applicable law, or at the written request of the applicable
Indemnified Party timely reimburse it for the payment of, any Other Taxes.

(c) The Seller shall indemnify each Indemnified Party, on the first Monthly
Payment Date which is at least 45 days after demand therefor, for the full
amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted
on or attributable to amounts payable under this Section 10.4) payable or paid
by such Indemnified Party or required to be withheld or deducted from a payment
to such Indemnified Party and any reasonable expenses arising therefrom or with
respect thereto, whether or not such Indemnified Taxes were correctly or

 

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legally imposed or asserted by the relevant Governmental Authority. The
Administrative Agent and each Co-Agent will promptly notify the Seller of any
event of which it has knowledge, which will entitle it or any Funding Source in
its Group to compensation pursuant to this Section 10.4; provided, however, that
failure of any Indemnified Party to demand indemnification for any Taxes shall
not constitute a waiver of such right to indemnification, except that the Seller
shall not be required to indemnify an Indemnified Party for Taxes under this
Section 10.4 unless such Indemnified Party notifies the Seller of such claim no
later than 45 days after such Indemnified Party has knowledge of such Taxes
being imposed or arising. Any notice claiming compensation under this
Section 10.4 shall set forth in reasonable detail the additional amount or
amounts to be paid to it hereunder and shall be conclusive in the absence of
manifest error. Absent manifest error, the Seller shall be obligated to any
claim for tax indemnity promptly upon receipt of such notice.

(d) Each Indemnified Party agrees that it will use reasonable efforts to reduce
or eliminate any claim for indemnity pursuant to this Section 10.4, including,
subject to applicable law, a change in the funding office of such Indemnified
Party; provided, however, that nothing contained herein shall obligate any
Indemnified Party to take any action that imposes on such Indemnified Party any
material additional costs or imposes material legal or regulatory burdens, nor
which, in such Indemnified Party’s reasonable opinion, would have a material
adverse effect on its business, operations or financial condition.

(e) If any Indemnified Party receives a refund of any Taxes as to which it has
been indemnified pursuant to this Section 10.4 (including by the payment of
additional amounts pursuant to this Section 10.4), it shall pay to the Seller an
amount equal to such refund (but only to the extent of indemnity payments made
under this Section with respect to the Taxes giving rise to such refund), net of
all out-of-pocket expenses (including Taxes) of such Indemnified Party and
without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund). The Seller, upon the request of such
Indemnified Party, shall repay to such Indemnified Party the amount paid over
pursuant to this clause (e) (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) in the event that such
Indemnified Party is required to repay such refund to such Governmental
Authority. Notwithstanding anything to the contrary in this clause (e), in no
event will the Indemnified Party be required to pay any amount to the Seller
pursuant to this clause (e) the payment of which would place the Indemnified
Party in a less favorable net after-Tax position than the Indemnified Party
would have been in if the Tax subject to indemnification and giving rise to such
refund had not been deducted, withheld or otherwise imposed and the
indemnification payments or additional amounts with respect to such Tax had
never been paid. This paragraph shall not be construed to require any
Indemnified Party to make available its Tax returns (or any other information
relating to its Taxes that it deems confidential) to the Seller or any other
Person.

(f) If the Administrative Agent or any Purchaser is entitled to an exemption
from or reduction of withholding or backup withholding tax (“Withholding Tax”)
with respect to any payments under this Agreement it shall deliver to the
Seller, Servicer or Administrative Agent, prior to the Monthly Payment Date and
as otherwise prescribed by applicable law, such valid, properly completed and
duly executed forms, certificates, and documentation (including Internal Revenue
Service Form W-8ECI, W-8BEN, W-8IMY, or W-9 or successor form of the foregoing)
prescribed by applicable law or reasonably requested by Seller, Servicer or
Administrative Agent as will permit such payments to be made without or at a
reduced rate of withholding. The Purchasers shall replace or update such forms
when necessary to maintain any applicable exemption and as requested by the
Administrative Agent or the Seller. The Purchasers agree to hold the
Administrative Agent and the Seller harmless from any Withholding Taxes relating
to payments by the Seller to the Purchaser or the Administrative Agent.

 

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(g) If a payment made to a Purchaser, Servicer or Administrative Agent hereunder
would be subject to U.S. federal Withholding Tax imposed by FATCA if such
Purchaser, Servicer or Administrative Agent were to fail to comply with the
applicable reporting requirements of FATCA (including those contained in
Section 1471(b) or 1472(b) of the Internal Revenue Service Code, as applicable),
such Purchaser, Servicer or Administrative Agent shall deliver to the Seller at
the time or times prescribed by law and at such time or times reasonably
requested by the Seller, such documentation prescribed by applicable law
(including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue
Service Code) and such additional documentation reasonably requested by the
Seller as may be necessary for the Seller to comply with its obligations under
FATCA and to determine that such Purchaser, Servicer or Administrative Agent has
complied with such Purchaser, Servicer or Administrative Agent’s obligations
under FATCA or to determine the amount to deduct and withhold from such
payment.”

(m) Clause (v) of the definition of “Eligible Receivable” appearing in Exhibit I
to the Receivables Purchase Agreement is amended and restated in its entirety to
read as follows:

“(v) which by its terms is due and payable within 70 days of the original
billing date therefor and has not had its payment terms extended, provided,
however, that not more than 10.0% of the aggregate Outstanding Balance of all
Receivables may have terms permitting payment to be made within 71-120 days of
the original billing date therefor and still be “Eligible Receivables” so long
as their payment terms have not been extended, provided, furthermore, that not
more than 5.0% of the aggregate Outstanding Balance of all Receivables may have
terms permitting payment to be made more than 120 days after the original
billing date therefor and still be “Eligible Receivables” so long as their
payment terms have not been extended,”

(n) The following definitions appearing in Exhibit I to the Receivables Purchase
Agreement are hereby amended and restated in their entireties to read,
respectively, as follows:

“Concentration Limit” means, at any time, for any Obligor, 3.6% of the aggregate
Outstanding Balance of all Eligible Receivables after subtracting the Pass
Through Reserve, the Warranty Reserve, the Sales-Promotion Reserve and the Price
Give Back Accrual, or such other higher amount (a “Special Concentration Limit”)
for such Obligor designated by the Administrative Agent; provided, that in the
case of an Obligor and any Affiliate of such Obligor, the Concentration Limit
shall be calculated as if such Obligor and such Affiliate are one Obligor;
provided, further, that any Agent may, upon not less than ten (10) Business
Days’ notice to Seller, cancel any Special Concentration Limit. As of March 21,
2014, and subject to cancellation as described above, (i) any Obligor and its
Affiliates shall have a Special Concentration Limit equal to 6% of aggregate
Outstanding Balance of all Eligible Receivables after subtracting the Pass
Through Reserve, the Warranty Reserve, the Sales-Promotion Reserve and the Price
Give Back Accrual, so long as such Obligor’s long term debt ratings equal or
exceed “BBB-” from Standard & Poor’s Ratings Services, a Standard & Poor’s
Financial Services LLC business (“S&P”) and “Baa3” from Moody’s Investors
Service, Inc. (“Moody’s”); and (ii) the Special Concentration Limits of (a) Ford
Motor Company and its Affiliates shall be equal to 6.0% of the aggregate
Outstanding Balance of all Non-Defaulted Receivables, (b) General Motors Company
and its Affiliates shall be equal to 6.0% of the aggregate Outstanding Balance
of all Non-Defaulted Receivables, and (c) Uni-Select Inc. and its Affiliates
shall be equal to 4.5% of the aggregate Outstanding Balance of all Eligible
Receivables after subtracting the Pass Through Reserve, the Warranty Reserve,
the Sales-Promotion Reserve and the Price Give Back Accrual.

 

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“CP Costs” means, for each day, (A) for Liberty Street, the cost (as determined
by the Liberty Street Agent and which shall include commissions of placement
agents and dealers, incremental carrying costs incurred with respect to Pooled
Commercial Paper maturing on dates other than those on which corresponding funds
are received by Liberty Street, other borrowings by Liberty Street (other than
under any commercial paper program support agreement) and any other costs
associated with the issuance of Pooled Commercial Paper) of or related to the
issuance of Pooled Commercial Paper, including, without limitation, all discount
or yield accrued thereon, that are allocated, in whole or in part, by Liberty
Street or the Liberty Street Agent to fund or maintain its Purchaser Interests
on such day and (B) for Chariot, an amount equal to (i) the product of (x) the
Daily/90 Day LIBOR Rate in respect of such day, and (y) the aggregate Capital
associated with each Purchaser Interest that shall have been funded by Chariot
with the issuance of Commercial Paper, divided by (ii) 360. If Seller shall
request any Incremental Purchase during any period of time determined by the
applicable Conduit Agent (other than the Conduit Agent for Chariot) in its sole
discretion to result in incrementally higher CP Costs applicable to such
Incremental Purchase, the Capital associated with any such Incremental Purchase
shall, during such period, be deemed to be funded by such Conduit in a special
pool (which may include capital associated with other receivable purchase
facilities) for purposes of determining the CP Costs applicable only to such
special pool and charged each day during such period against such Capital in
lieu of the CP Costs described in the previous sentence. All CP Costs shall be
allocated to the Capital of each Conduit under this Agreement in accordance with
the provisions of Section 3.1.

“LIBO Rate” means:

(A) with respect to the Chariot Group, for each day during the relevant Tranche
Period, the rate per annum equal to the sum of (i) the Daily/90 Day LIBOR Rate
for such day (or if such day is not a Business Day, then the immediately
preceding Business Day), plus (ii) 2.50% per annum;

(B) with respect to the Liberty Street Group, the rate per annum equal to the
sum of (i) (a) the London interbank offered rate administered by ICE Benchmark
Administration Limited (or any other Person that takes over the administration
of such rate) for deposits in U.S. dollars appearing on Reuters Screen LIBOR01
as of 11:00 a.m. (London time) two (2) Business Days prior to the first day of
the relevant Tranche Period, and having a maturity equal to such Tranche Period,
provided that, (I) if Reuters Screen LIBOR01 is not available to a Co-Agent for
any reason, the applicable LIBO Rate for the relevant Tranche Period shall
instead be the applicable London interbank offered rate for deposits in U.S.
dollars as reported by any other generally recognized financial information
service as of 11:00 a.m. (London time) two (2) Business Days prior to the first
day of such Tranche Period, and having a maturity equal to such Tranche Period,
and (II) if no such London interbank offered rate is available to a Co-Agent,
the applicable LIBO Rate for the relevant Tranche Period shall instead be the
rate determined by such Co-Agent to be the rate at which such Co-Agent offers to
place deposits in U.S. dollars with first-class banks in the London interbank
market at approximately 11:00 a.m. (London time) two (2) Business Days prior to
the first day of such Tranche Period, in the approximate amount to be funded at
the LIBO Rate and having a maturity equal to such Tranche Period, divided by
(b) one minus the maximum aggregate reserve requirement (including all basic,
supplemental, marginal or other reserves) which is imposed against such Co-Agent
in respect of Eurocurrency liabilities, as defined in Regulation D of the Board
of Governors of the Federal Reserve System as in effect from time to time
(expressed as a decimal), applicable to such Tranche Period plus (ii) 2.50% per
annum; or

 

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(C) with respect to the Wells Fargo Group, for each day during the relevant
Tranche Period, the rate per annum equal to the sum of (i) LMIR as of 11:00 a.m.
(London time) on such day (or if such day is not a Business Day, on the
immediately preceding Business Day) plus (ii) the Wells Fargo Margin.

The LIBO Rate shall be rounded, if necessary, to the next higher 1/16 of 1%.

“Liquidity Termination Date” means March 20, 2015.

“LMIR” means, for any day, the three-month “Eurodollar Rate” for U.S. Dollar
deposits as reported on the Reuters Screen LIBOR01 Page (or such page as may
replace Reuters Screen LIBOR01 Page).

“Overconcentration Amount” means, at any time, the aggregate for all Obligors of
the sum, with respect to each Obligor, of the excess, if any, of (a) the
aggregate Outstanding Balance of all Eligible Receivables of such Obligor and
its Affiliates, after subtracting the Pass-Through Reserve, the Warranty Reserve
and the Price Give-Back Accrual, in each case, allocated to the Receivables of
such Obligor and its Affiliates, if any, over (b) the Concentration Limit for
such Obligor and its Affiliates.

“Sanctioned Person” means, at any time, (a) any Person listed in any publicly
available Sanctions-related list of designated Persons maintained by the Office
of Foreign Assets Control of the U.S. Department of the Treasury or the U.S.
Department of State, (b) any Person operating, organized or resident in a
Sanctioned Country or (c) any Person controlled by any such Person.

(o) Exhibit I to the Receivables Purchase Agreement is hereby amended by
inserting the following new defined terms, in appropriate alphabetical order,
therein:

“Anti-Corruption Laws” means the United States Foreign Corrupt Practices Act of
1977, as amended, the UK Bribery Act and any similar foreign law, rule or
regulation of any jurisdiction applicable to the Seller Parties or their
respective Subsidiaries from time to time concerning or relating to bribery or
corruption.

“Daily/90 Day LIBOR Rate” shall mean, for any day, a rate per annum equal to the
three month London-Interbank Offered Rate administered by ICE Benchmark
Administration (or any other Person that takes over the administration of such
rate) appearing on Reuters Screen LIBOR01 Page (or on any successor or
substitute page of such service, providing rate quotations comparable to those
currently provided on such page of such service, as determined by the
Administrative Agent from time to time in accordance with its customary
practices for purposes of providing quotations of interest rates applicable to
U.S. Dollar deposits in the London interbank market) at approximately 11:00 a.m.
(London time) on such day or, if such day is not a Business Day in London, the
immediately preceding Business Day in London. In the event that such rate is not
available on any day at such time for any reason, then the “Daily/90 Day LIBOR
Rate” for such day shall be the rate at which three month U.S. Dollar deposits
of $5,000,000 are offered by the principal London office of the Administrative
Agent in immediately available funds in the London interbank market at
approximately 11:00 a.m. (London time) on such day; and if the Administrative
Agent is for any reason unable to determine the Daily/90 Day LIBOR

 

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Rate in the foregoing manner or has determined in good faith that the Daily/90
Day LIBOR Rate determined in such manner does not accurately reflect the cost of
acquiring, funding or maintaining a Purchaser Interest, then the “Daily/90 Day
LIBOR Rate” for such day shall be the Prime Rate.

“Excluded Taxes” means (i) net income taxes, franchise taxes (imposed in lieu of
net income taxes) and backup withholding taxes, in each case imposed on any
Purchaser or the Administrative Agent as a result of a present or former
connection between such Purchaser (including any applicable lending office or by
virtue of principal office, organization or incorporation) or the Administrative
Agent and the jurisdiction of the Governmental Authority imposing such tax or
any political subdivision or taxing authority thereof or therein (other than any
such connection arising solely from such Purchaser’s or the Administrative
Agent’s having executed, delivered or performed its obligations or received a
payment under, or enforced, this Agreement), (ii) any branch profits taxes
imposed by the United States or any similar tax imposed by any other
jurisdiction described in clause (i) above, (iii) any Taxes that result from a
Purchaser’s failure to comply with the requirements of Section 10.4(f), (iv) in
the case of any Non-U.S. Purchaser, any withholding Taxes that are imposed on
amounts payable to such Non-U.S. Purchaser pursuant to a law in effect at the
time such Non-U.S. Purchaser becomes a party to this Agreement or such Non-U.S.
Purchaser changes the applicable lending office with respect to this Agreement
and (v) any Taxes under FATCA.

“FATCA” means Section 1471 through 1474 of the Code and any regulations or
official interpretations thereof (including any revenue ruling, revenue
procedure, notice or similar guidance issued by the IRS thereunder as a
precondition to relief or exemption from taxes under such Sections, regulations
and interpretations) any agreements entered into pursuant to section 1471(b)(1)
of the Code and any fiscal or regulatory legislation, rules or official
practices adopted pursuant to any published intergovernmental agreement entered
into in connection with the implementation of such sections of the Code.

“Governmental Authority” means the government of the United States of America or
any other nation, or of any political subdivision thereof, whether state or
local, and any agency, authority, instrumentality, regulatory body, court,
central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to
government (including any supra-national bodies such as the European Union or
the European Central Bank).

“Indemnified Taxes” shall mean (a) Taxes, other than Excluded Taxes, imposed on
or with respect to any payment made by or on account of any obligation of the
Seller under any Transaction Document and (b) to the extent not otherwise
described in (a), Other Taxes.

“Non-Defaulted Receivable” means a Receivable which remains unpaid for less than
91 days after the original due date for such payment and which is not a
Charged-Off Receivable.

“Other Connection Taxes” shall mean with respect to any Indemnified Party, Taxes
imposed as a result of a present or former connection between such Indemnified
Party and the jurisdiction imposing such Tax (other than connections arising
from such Indemnified Party having executed, delivered, become a party to,
performed its obligations under, received payments under, received or perfected
a security interest under, engaged in any other transaction pursuant to or
enforced any Transaction Document, or assigned any portion of its Purchaser
Interests).

 

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“Other Taxes” shall mean all present or future stamp, court or documentary,
intangible, recording, filing or similar Taxes that arise from any payment made
under, from the execution, delivery, performance, enforcement or registration
of, from the receipt or perfection of a security interest under, or otherwise
with respect to, any Transaction Document, except any such Taxes that are Other
Connection Taxes imposed with respect to an assignment.

“Purchase Deficit” has the meaning set forth in Section 4.6.

“Sanctioned Country” means, at any time, a country or territory which is the
subject or target of any Sanctions.

“Sanctions” means economic or financial sanctions or trade embargoes imposed,
administered or enforced from time to time by the U.S. government, including
those administered by the Office of Foreign Assets Control of the U.S.
Department of the Treasury or the U.S. Department of State.

“Taxes” means all taxes, charges, fees, levies or other assessments (including
income, gross receipts, profits, withholding, excise, property, sales, use,
license, occupation and franchise taxes and including any related interest,
penalties or other additions) imposed by any jurisdiction or taxing authority
(whether foreign or domestic).

(p) Exhibit I to the Receivables Purchase Agreement is hereby amended by
deleting in its entirety the defined terms “Daily/30 Day LIBOR Rate” and
“Advance Ineligibles”.

(q) Schedule A to the Receivables Purchase Agreement is amended and restated in
its entirety as set forth on Schedule A hereto. From and after the date hereof,
each reference to “Schedule A” in the Receivables Purchase Agreement shall mean
and be a reference to Schedule A attached hereto.

3. Certain Representations. In order to induce the Agents and the Purchasers to
enter into this Amendment, each of the Seller Parties hereby represents and
warrants to the Agents and the Purchasers that (a) both immediately before and
immediately after giving effect to the amendments contained in Section 2 hereof,
no Amortization Event or Potential Amortization Event exists and is continuing
as of the date hereof, (b) the Receivables Purchase Agreement, as amended
hereby, constitutes the legal, valid and binding obligation of such Seller Party
enforceable against it in accordance with its terms, except as such enforcement
may be limited by applicable bankruptcy, insolvency, reorganization or other
similar laws relating to or limiting creditors’ rights generally and by general
principles of equity (regardless of whether enforcement is sought in a
proceeding in equity or at law and (c) each of such Seller Party’s
representations and warranties contained in the Receivables Purchase Agreement
is true and correct as of the date hereof as though made on such date (except
for such representations and warranties that speak only as of an earlier date).

4. Effective Date. This Amendment shall become effective as of the date first
above written (the “Effective Date”) upon (a) receipt by the Administrative
Agent of counterparts of this Amendment, duly executed by each of the parties
hereto, and consented to by the Performance Guarantor in the space provided
below, (b) receipt by the Administrative Agent of counterparts to the Thirteenth
Amended and Restated Fee Letter of even date herewith (the “Fee Letter”), duly
executed by the Agents and the Seller and (c) receipt by each of Chariot, the
Liberty Street Agent and Wells Fargo of the Amendment Fee payable to it under
(and as defined in) the Fee Letter.

 

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5. Ratification. Except as expressly modified hereby, the Receivables Purchase
Agreement is hereby ratified, approved and confirmed in all respects.

6. References to Receivables Purchase Agreement. From and after the Effective
Date, each reference in the Receivables Purchase Agreement to “this Agreement”,
“hereof”, or “hereunder” or words of like import, and all references to the
Receivables Purchase Agreement in any and all agreements, instruments,
documents, notes, certificates and other writings of every kind and nature shall
be deemed to mean the Receivables Purchase Agreement, as amended by this
Amendment.

7. Costs and Expenses. The Seller agrees to pay all reasonable costs, fees, and
out-of-pocket expenses (including reasonable attorneys’ fees and time charges of
attorneys for the Agents, including Sidley Austin LLP) incurred by the Agents in
connection with the preparation, execution and enforcement of this Amendment.

8. CHOICE OF LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE
INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF ILLINOIS.

9. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement. Delivery by facsimile or
other electronic transmission of an executed counterpart of a signature page to
this Amendment shall be effective as delivery of a manually executed counterpart
of this Amendment.

10. Amendment of Second Lien Receivables Purchase Agreement. The Purchasers and
Co-Agents hereby authorize and direct JPMorgan, in its capacity as First Lien
Agent under the Intercreditor Agreement, to execute and consent to the amendment
of the Second Lien Receivables Purchase Agreement in the form attached as
Schedule I hereto. The parties hereto acknowledge and agree that JPMorgan, as
First Lien Agent, shall be entitled to the rights and benefits of Article XI of
the Receivables Purchase Agreement in connection with the execution of such
amendment.

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first above written.

 

CHARIOT FUNDING LLC (as successor by merger to Falcon Asset Securitization
Company LLC) as Conduit and a Committed Purchaser By: JPMorgan Chase Bank, N.A.,
Its Attorney-in-Fact By:   /s/ JOHN KUHNS Name:   John Kuhns Title:   Executive
Director JPMORGAN CHASE BANK, N.A., as Chariot Agent and as Administrative Agent
By:   /s/ JOHN KUHNS Name:   John Kuhns Title:   Executive Director

Signature Page to

Amendment No. 4 to Third Amended and Restated Receivables Purchase Agreement

(Tenneco Automotive RSA Company)

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THE BANK OF NOVA SCOTIA, as a Committed Purchaser and as Liberty Street Agent
By:   /s/ KIMBERLY SNYDER Name:   Kimberly Snyder Title:   Director

 

Signature Page to

Amendment No. 4 to Third Amended and Restated Receivables Purchase Agreement

(Tenneco Automotive RSA Company)

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LIBERTY STREET FUNDING LLC By:   /s/ FRANK B. BILOTTA Name:   Frank B. Bilotta
Title:   Vice President

 

Signature Page to

Amendment No. 4 to Third Amended and Restated Receivables Purchase Agreement

(Tenneco Automotive RSA Company)

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WELLS FARGO BANK, N.A., as a Committed Purchaser and as Wells Fargo Agent By:  
/s/ MICHAEL J. LANDRY Name:   Michael J. Landry Title:   Vice President

 

ACKNOWLEDGED AND CONSENTED TO: WELLS FARGO BANK, N.A.,as Second Lien Agent By:  
/s/ MICHAEL J. LANDRY Name:   Michael J. Landry Title:   Vice President

 

Signature Page to

Amendment No. 4 to Third Amended and Restated Receivables Purchase Agreement

(Tenneco Automotive RSA Company)

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TENNECO AUTOMOTIVE RSA COMPANY, a Delaware corporation By:   /s/ JOHN E. KUNZ
Name:   John E. Kunz Title:   President and Treasurer TENNECO AUTOMOTIVE
OPERATING COMPANY INC., a Delaware corporation By:   /s/ GARY SILHA Name:   Gary
Silha Title:   Assistant Treasurer

By its signature below, the undersigned hereby consents to the terms of the
foregoing Amendment, confirms that its Performance Undertaking remains unaltered
and in full force and effect and hereby reaffirms, ratifies and confirms the
terms and conditions of its Performance Undertaking:

 

TENNECO INC., a Delaware corporation By:   /s/ JOHN E. KUNZ Name:   John E. Kunz
Title:   Vice President, Treasurer and Tax

 

Signature Page to

Amendment No. 4 to Third Amended and Restated Receivables Purchase Agreement

(Tenneco Automotive RSA Company)

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SCHEDULE A

COMMITMENTS OF COMMITTED PURCHASERS

 

GROUP

  

COMMITTED PURCHASER

   COMMITMENT  

Chariot Group

   Chariot Funding LLC    $ 57,120,000   

Liberty Street Group

   The Bank of Nova Scotia, New York Agency    $ 44,880,000   

Wells Fargo Group

   Wells Fargo Bank, N.A.    $ 10,000,000   

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SCHEDULE I

SECOND LIEN RECEIVABLES PURCHASE AGREEMENT

(See Slot Amendment)