Exhibit 10.1
FIFTH AMENDMENT TO CREDIT AGREEMENT

FIFTH AMENDMENT TO CREDIT AGREEMENT (this “Fifth Amendment”), dated as of June
13, 2012, by and among ALLIANCE ONE INTERNATIONAL, INC., a Virginia corporation
(the “Company”), INTABEX NETHERLANDS B.V., a company formed under the laws of
The Netherlands and a Subsidiary of the Company (the “Dutch Borrower”; together
with the Company, collectively the “Borrowers,” and each individually, a
“Borrower”), ALLIANCE ONE INTERNATIONAL AG, a Swiss corporation (“Alliance AG”),
the Lenders (as defined below) party hereto and DEUTSCHE BANK TRUST COMPANY
AMERICAS, as administrative agent (together with any successor administrative
agent, the “Administrative Agent”). Unless otherwise indicated, all capitalized
terms used herein and not otherwise defined shall have the respective meanings
provided such terms in the Credit Agreement referred to below or the Credit
Agreement referred to below after giving effect to this Fifth Amendment (the
“Amended Credit Agreement”).
W I T N E S S E T H:
WHEREAS, the Borrowers, Alliance AG, the lenders party thereto (the “Lenders”),
the Administrative Agent and others are parties to a Credit Agreement dated as
of July 2, 2009, (as amended by that certain First Amendment to Credit Agreement
dated as of August 24, 2009, that certain Second Amendment to Credit Agreement
dated as of June 9, 2010, that certain Third Amendment to Credit Agreement dated
as of June 6, 2011 and that certain Fourth Amendment to Credit Agreement dated
as of November 3, 2011, the “Credit Agreement”);
WHEREAS, the Company has requested that the Lenders approve certain amendments
to the Credit Agreement, in each case as herein provided; and
WHEREAS, the Lenders party hereto have consented to amend certain provisions of
the Credit Agreement on the terms and conditions contained herein.
NOW, THEREFORE, it is agreed:
I.Amendments and Agreements with respect to the Credit Agreement.
1.    On the Fifth Amendment Effective Date, immediately prior to giving effect
to this Fifth Amendment, $40,000,000 of the Revolving Committed Amount shall be
permanently terminated pursuant to Section 2.5 of the Credit Agreement (and the
Lenders hereby waive any notice requirements with respect to such permanent
termination) with such termination to apply to each of the Revolving Lender’s
Revolving Commitments pro rata based on such Revolving Lender’s respective
Revolving Commitment Percentage.
2.    The Credit Agreement is hereby amended as set forth in Annex I hereto.
II.    Miscellaneous Provisions.
1.    In order to induce the Administrative Agent and the Lenders to enter into
this Fifth Amendment, each Credit Party hereby represents and warrants that (i)
no Default or

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Event of Default exists as of the Fifth Amendment Effective Date (as defined
below), both immediately before and after giving effect to this Fifth Amendment
on such date, (ii) all of the representations and warranties contained in the
Credit Agreement and in the other Credit Documents are true and correct in all
material respects on the Fifth Amendment Effective Date, both immediately before
and after giving effect to this Fifth Amendment on such date, with the same
effect as though such representations and warranties had been made on and as of
the Fifth Amendment Effective Date or, to the extent such representations and
warranties expressly relate to an earlier date, on and as of such earlier date,
(iii) the execution, delivery and performance of this Fifth Amendment has been
duly authorized by all necessary action on the part of each Credit Party, has
been duly executed and delivered by each Credit Party and constitutes a legal,
valid and binding obligation of each Credit Party, enforceable against each of
them in accordance with its terms, except to the extent that the enforceability
hereof may be subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting creditors’ rights generally and
subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law and (iv) the execution and delivery hereof by
each Credit Party and the performance and observance by each Credit Party of the
provisions hereof do not violate or conflict with (A) any organizational
document of any Credit Party or (B) any Requirement of Law applicable to such
Credit Party or result in a breach of any provision of or constitute a default
under any Contractual Obligation of any Credit Party.
2.    The Credit Parties acknowledge and agree and hereby represent and warrant
that (x) the Credit Agreement (as modified hereby) and each other Credit
Document, and all Credit Party Obligations and Liens thereunder, are valid and
enforceable against the Credit Parties in every respect and all of the terms and
conditions thereof are legally binding upon the Credit Parties, in each case all
without offset, counterclaims or defenses of any kind and (y) the perfected
status and priority of each Lien and security interest created under any Credit
Document remains in full force and effect in accordance with the requirements of
the Credit Agreement and the other Credit Documents on a continuous basis,
unimpaired, uninterrupted and undischarged, in each case as of the Fifth
Amendment Effective Date, both immediately before and immediately after giving
effect to this Fifth Amendment on such date.
3.    This Fifth Amendment is limited precisely as written and, except as
expressly set forth herein (including in the Annex and Schedules hereto), shall
not constitute or be deemed to constitute a modification, acceptance or waiver
of any other provision of the Credit Agreement or any other Credit Document and
shall not prejudice any right or rights that the Administrative Agent or the
Lenders may have now or in the future under or in connection with the Credit
Agreement or any other Credit Document.
4.    This Fifth Amendment may be executed in any number of counterparts and by
the different parties hereto on separate counterparts, each of which
counterparts when executed and delivered shall be an original, but all of which
shall together constitute one and the same instrument. A complete set of
counterparts shall be lodged with the Company and the Administrative Agent.
5.    THIS FIFTH AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE CONSTRUED IN

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ACCORDANCE WITH AND GOVERNED BY THE INTERNAL LAW OF THE STATE OF NEW YORK
WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES.
6.    This Fifth Amendment shall become effective on the date (the “Fifth
Amendment Effective Date”) when each of the following conditions shall have been
satisfied:
(i)    the Company shall have paid to the Administrative Agent for the benefit
of each Lender an amendment fee in an amount equal to 1.00% of the Revolving
Commitment of such Lender as in effect at 5:00 p.m. on June 13, 2012 (but after
giving effect to the reduction of the Revolving Committed Amount on such date
pursuant to Section 1 of Part I above), and such amendment fee will be deemed
due and payable on the first date that each of the conditions set forth in
clauses (ii) through (viii) below are satisfied;
(ii)    the Administrative Agent shall have received a certificate or
certificates executed by a Responsible Officer of the Company dated the Fifth
Amendment Effective Date stating that both before and immediately after giving
effect to this Fifth Amendment and all amendments to the Credit Agreement and
other Credit Documents, and other transactions contemplated to occur on the
Fifth Amendment Effective Date, (A) each of the Credit Parties is Solvent, (B)
no Default or Event of Default exists, (C) all representations and warranties
contained herein and in the other Credit Documents are true and correct in all
material respects, and (D) the Credit Parties are in compliance with each of the
financial covenants set forth in Section 5.9 of the Credit Agreement;
(iii)    the Administrative Agent shall have received (A) true and complete
copies of resolutions of the board of directors of each of the Borrowers and
Alliance AG approving and authorizing the execution, delivery and performance of
the Credit Agreement and the Credit Documents, in each case as modified by this
Fifth Amendment, certified as of the Fifth Amendment Effective Date by a
Responsible Officer, secretary or assistant secretary of each such party as
being in full force and effect without modification or amendment and (B) good
standing certificates (or the equivalent thereof) for each of the Borrowers and
Alliance AG from each jurisdiction in which such Borrower or Alliance AG, as the
case may be, is organized;
(iv)    the Administrative Agent shall have received (A) an opinion (including
an opinion as to no conflict with the Senior Notes Documents and the Credit
Agreement (as in effect immediately prior to giving effect to the Fifth
Amendment)) from Robinson, Bradshaw & Hinson, P.A., U.S. counsel to the Credit
Parties, (B) an opinion of Clifford Chance LLP, special Dutch legal advisor to
the Dutch Borrower, (C) an opinion of Bär & Karrer, special Swiss legal advisor
to Alliance AG, in each case addressed to the Administrative Agent and each of
the Lenders party to the Credit Agreement on the Fifth Amendment Effective Date
and dated the Fifth Amendment Effective Date covering such matters incidental to
this Fifth Amendment and the transactions contemplated hereby as the
Administrative Agent may reasonably request;
(v)    the Borrowers, Alliance AG, each Lender and the Administrative Agent
shall have signed a counterpart hereof (whether the same or different
counterparts) and

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shall have delivered (including by way of facsimile or other electronic
transmission) the same to White & Case LLP, 1155 Avenue of the Americas, New
York, NY 10036 Attention: Patrice Antoine (facsimile number:  212-354-8113 /
e-mail address: pantoine@whitecase.com);
(vi)    each Credit Party shall have delivered such documents and agreements,
and taken such other actions, as the Administrative Agent may reasonably request
in order to create, continue or maintain the effectiveness of each Guaranty and
the security interests of the Administrative Agent in the Collateral and the
perfection thereof;
(vii)    the Borrower shall have paid to the Administrative Agent all fees,
costs and expenses (including, without limitation, legal fees and expenses of
White and Case LLP) payable to the Administrative Agent to the extent due under
the Credit Agreement; and
(viii)    after giving effect to the Fifth Amendment Effective Date (including
the reduction of the Revolving Committed Amount on such date pursuant to Section
1 of Part I above), and to any prepayments of the Revolving Loans made on the
Fifth Amendment Effective Date, the sum of the aggregate principal amount of
outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding
LOC Obligations shall not exceed the lesser of (i) the Revolving Committed
Amount or (ii) the Working Capital Amount.
7.    This Fifth Amendment constitutes a “Credit Document” for purposes of the
Credit Agreement and the other Credit Documents. No provision of this Fifth
Amendment may be amended, modified, waived or supplemented, except as provided
in Section 9.1 of the Credit Agreement.
8.    By executing and delivering a copy hereof, each Credit Party (a) consents
to the terms of this Fifth Amendment and the Credit Documents (as modified by
this Fifth Amendment), (b) reaffirms all of its obligations and liabilities
under each Credit Document (as such Credit Documents are modified by this Fifth
Amendment), all of which obligations and liabilities shall remain in full force
and effect and (c) hereby agrees that all Credit Party Obligations of the Credit
Parties shall be fully guaranteed pursuant to the Guarantees and shall be fully
secured pursuant to the Credit Documents, in each case in accordance with the
respective terms and provisions thereof and that this Fifth Amendment does not
in any manner constitute a novation of any Credit Party Obligations under any of
the Credit Documents.
9.    The Parties hereby confirm and agree that, at the time of the entering
into the deed of share pledge between Intabex Netherlands B.V. as pledgor,
Alliance One International Tabak B.V. as company and Deutsche Bank Trust Company
Americas as pledgee and the deed of share pledge between International Tobacco
Funding, S.L.U. as pledgor, Intabex Netherlands B.V. as company and Deutsche
Bank Trust Company Americas as pledgee (the “Deeds”), it was their intention
(and it is still their intention and agreement) that:
(i)    the security rights created pursuant to the Deeds secure the Secured
Obligations (as defined in the Deeds) corresponding to any obligations of a
Debtor (as

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defined in the Deeds) to a Secured Party (as defined in the Deeds) under any
Finance Document (as defined in the Deeds) as they may be so varied, amended,
modified or restated from time to time (however fundamentally and whether or not
more onerously, including any change in the purpose of, extension of, or any
increase in any facility or the addition of any facility under them) including
but not limited to any obligations of a Debtor to a Secured Party under the
Credit Agreement as amended by this Fifth Amendment; and
(ii)    the validity and enforceability of the security rights created under the
Deeds will not be affected by this Fifth Amendment and that those security
rights are and remain valid and in full force and effect in respect of the
Secured Obligations (which include, but are not limited to, the corresponding
obligations to any obligations of a Debtor to a Secured Party under the Credit
Agreement as amended by this Fifth Amendment).
10.    The Company agrees that it shall deliver to the Administrative Agent, not
later than 10th Business Day after the Fifth Amendment Effective Date (as such
period may be extended in the sole discretion of the Administrative Agent), in
connection with the Fifth Amendment, (i) the second amendment to the Quota
Pledge Agreement by and among Intabex Netherlands B.V., Alliance One
International Tabak B.V. and Deutsche Bank Trust Company Americas and Alliance
One Brasil Exportadora de Tabacos Ltda. as consenting intervening party, (ii)
deed of confirmation by and between Alliance One International AG and Deutsche
Bank Trust Company Americas, and (iii) deed of confirmation by and between
Standard Commercial Tobacco Company (UK) Limited and Deutsche Bank Trust Company
Americas, and any other documents or legal opinions relating thereto reasonably
requested by the Administrative Agent, in each case in form and substance
satisfactory to the Administrative Agent.
11.    From and after the Fifth Amendment Effective Date, all references in the
Credit Agreement and each of the other Credit Documents to the Credit Agreement
shall be deemed to be references to the Credit Agreement as modified hereby.

[SIGNATURE PAGES TO FOLLOW]

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IN WITNESS WHEREOF, the parties hereto have caused their duly authorized
officers to execute and deliver this Fifth Amendment as of the date first
written above.

COMPANY:
ALLIANCE ONE INTERNATIONAL, INC.

/s/ Joel Thomas
By:    ____________________________________
Joel Thomas
Vice President and Treasurer

/s/ B. Lynne Finney
By:    ____________________________________
B. Lynne Finney
Assistant Treasurer

DUTCH BORROWER:
INTABEX NETHERLANDS B.V.

/s/ Joel Thomas
By:    ____________________________________
Joel Thomas
Authorized Signor

/s/ B. Lynne Finney
By:    ____________________________________
B. Lynne Finney
Authorized Signor

FOREIGN GUARANTOR:
ALLIANCE ONE INTERNATIONAL AG

/s/ Joel Thomas
By:    ____________________________________
Joel Thomas
Authorized Signor

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/s/ B. Lynne Finney
By:    ____________________________________
B. Lynne Finney
Authorized Signor

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INTABEX NETHERLANDS B.V., as a pledgor

/s/ Joel Thomas
By:    ____________________________________
Joel Thomas
Authorized Signor

/s/ B. Lynne Finney
By:    ____________________________________
B. Lynne Finney
Authorized Signor

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ALLIANCE ONE INTERNATIONAL, AG, as a pledgor

/s/ Joel Thomas
By:    ____________________________________
Joel Thomas
Authorized Signor

/s/ B. Lynne Finney
By:    ____________________________________
B. Lynne Finney
Authorized Signor

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ALLIANCE ONE INTERNATIONAL, INC., as a pledgor

/s/ Joel Thomas
By:    ____________________________________
Joel Thomas
Vice President and Treasurer

/s/ B. Lynne Finney
By:    ____________________________________
B. Lynne Finney
Assistant Treasurer

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STANDARD COMMERCIAL TOBACCO COMPANY (UK) LIMITED, as a pledgor

/s/ Jose Maria Costa
By:    ____________________________________
Jose Maria Costa
Director

/s/ Luis Azua
By:    ____________________________________
Luis Azua
Director

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ALLIANCE ONE INTERNATIONAL TABAK B.V., as a pledgor

/s/ Jose Maria Costa
By:    ____________________________________
Jose Maria Costa
ITF Director

/s/ Luis Azua
By:    ____________________________________
Luis Azua
ITF Director

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ALLIANCE ONE INTERNATIONAL TABAK B.V., as a pledgor

/s/ T. van Hooven
By:    ____________________________________
T. van Hooven
Managing Director
    

/s/ R. Arendsen
By:    ____________________________________
R. Arendsen
Managing Director

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INTERNATIONAL TOBACCO FUNDING, S.L., as a pledgor

/s/ Jose Maria Costa
By:    ____________________________________
Jose Maria Costa
Director

/s/ Luis Azua
By:    ____________________________________
Luis Azua
Director

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STANDARD COMMERCIAL, AG, as a pledgor

/s/ S. J. P. Green
By:    ____________________________________
S. J. P. Green
Managing Director

/s/ Carl W. Reitz
By:    ____________________________________
Carl W. Reitz
Member of the Board

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DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Administrative Agent, as Swingline Lender, as Issuing Lender and as a Lender

/s/ Dusan Lazarov
By:    ____________________________________
Dusan Lazarov
Director

/s/ Erin Morrissey
By:    ____________________________________
Erin Morrissey
Director

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SIGNATURE PAGE TO THE FIFTH AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE
FIRST REFERENCED ABOVE, AMONG ALLIANCE ONE INTERNATIONAL, INC., INTABEX
NETHERLANDS B.V., ALLIANCE ONE INTERNATIONAL AG, VARIOUS LENDERS AND DEUTSCHE
BANK TRUST COMPANY AMERICAS, AS ADMINISTRATIVE AGENT

Name of Institution:

AgFirst Farm Credit Bank

/s/ John W. Burnside, Jr.
By:    ____________________________________
John W. Burnside, Jr.
Vice President

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SIGNATURE PAGE TO THE FIFTH AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE
FIRST REFERENCED ABOVE, AMONG ALLIANCE ONE INTERNATIONAL, INC., INTABEX
NETHERLANDS B.V., ALLIANCE ONE INTERNATIONAL AG, VARIOUS LENDERS AND DEUTSCHE
BANK TRUST COMPANY AMERICAS, AS ADMINISTRATIVE AGENT

Name of Institution:

BADGERLAND FINANCIAL, FLCA

/s/ Kenneth H. Rue
By:    ____________________________________
Kenneth H. Rue
Vice President - Capital Markets

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SIGNATURE PAGE TO THE FIFTH AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE
FIRST REFERENCED ABOVE, AMONG ALLIANCE ONE INTERNATIONAL, INC., INTABEX
NETHERLANDS B.V., ALLIANCE ONE INTERNATIONAL AG, VARIOUS LENDERS AND DEUTSCHE
BANK TRUST COMPANY AMERICAS, AS ADMINISTRATIVE AGENT

Name of Institution:

BNP Paribas

/s/ Cristina Roberts
By:    ____________________________________
Cristina Roberts
Managing Director

/s/ Karlien Zumpolle
By:    ____________________________________
Karlien Zumpolle
Vice President

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SIGNATURE PAGE TO THE FIFTH AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE
FIRST REFERENCED ABOVE, AMONG ALLIANCE ONE INTERNATIONAL, INC., INTABEX
NETHERLANDS B.V., ALLIANCE ONE INTERNATIONAL AG, VARIOUS LENDERS AND DEUTSCHE
BANK TRUST COMPANY AMERICAS, AS ADMINISTRATIVE AGENT

Name of Institution:

CREDIT SUISSE AG. CAYMAN ISLANDS BRANCH

/s/ Bill O'Daly
By:    ____________________________________
Bill O'Daly
Director

/s/ Tyler R. Smith
By:    ____________________________________
Tyler R. Smith
Associate

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SIGNATURE PAGE TO THE FIFTH AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE
FIRST REFERENCED ABOVE, AMONG ALLIANCE ONE INTERNATIONAL, INC., INTABEX
NETHERLANDS B.V., ALLIANCE ONE INTERNATIONAL AG, VARIOUS LENDERS AND DEUTSCHE
BANK TRUST COMPANY AMERICAS, AS ADMINISTRATIVE AGENT

Name of Institution:

Goldman Sachs Bank USA

/s/ Michelle Latzoni
By:    ____________________________________
Michelle Latzoni
Authorized Signatory

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SIGNATURE PAGE TO THE FIFTH AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE
FIRST REFERENCED ABOVE, AMONG ALLIANCE ONE INTERNATIONAL, INC., INTABEX
NETHERLANDS B.V., ALLIANCE ONE INTERNATIONAL AG, VARIOUS LENDERS AND DEUTSCHE
BANK TRUST COMPANY AMERICAS, AS ADMINISTRATIVE AGENT

Name of Institution:

ING Bank N.V.

/s/ Paul Van Heerde
By:    ____________________________________
Paul Van Heerde
Managing Director

/s/ Lars Vriens
By:    ____________________________________
Lars Vriens
Managing Director

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SIGNATURE PAGE TO THE FIFTH AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE
FIRST REFERENCED ABOVE, AMONG ALLIANCE ONE INTERNATIONAL, INC., INTABEX
NETHERLANDS B.V., ALLIANCE ONE INTERNATIONAL AG, VARIOUS LENDERS AND DEUTSCHE
BANK TRUST COMPANY AMERICAS, AS ADMINISTRATIVE AGENT

Name of Institution:

NATIXIS, New York Branch

/s/ Stephen A. Jendras
By:    ____________________________________
Stephen A. Jendras
Managing Director

/s/ Arnaud Stevens
By:    ____________________________________
Arnaud Stevens
Managing Director & Group Head

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SIGNATURE PAGE TO THE FIFTH AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE
FIRST REFERENCED ABOVE, AMONG ALLIANCE ONE INTERNATIONAL, INC., INTABEX
NETHERLANDS B.V., ALLIANCE ONE INTERNATIONAL AG, VARIOUS LENDERS AND DEUTSCHE
BANK TRUST COMPANY AMERICAS, AS ADMINISTRATIVE AGENT

Name of Institution:

Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. "Rabobank Nederland", New
York Branch

/s/ Theodore W. Cox
By:    ____________________________________
Theodore W. Cox
Executive Director

/s/ Sue Chen-Holmes
By:    ____________________________________
Sue Chen-Holmes
Vice President

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SIGNATURE PAGE TO THE FIFTH AMENDMENT TO CREDIT AGREEMENT, DATED AS OF THE DATE
FIRST REFERENCED ABOVE, AMONG ALLIANCE ONE INTERNATIONAL, INC., INTABEX
NETHERLANDS B.V., ALLIANCE ONE INTERNATIONAL AG, VARIOUS LENDERS AND DEUTSCHE
BANK TRUST COMPANY AMERICAS, AS ADMINISTRATIVE AGENT

Name of Institution:

Standard Chartered Bank

/s/ James P. Hughes
By:    ____________________________________
James P. Hughes
Director

/s/ Robert K. Reddington
By:    ____________________________________
Robert K. Reddington
Credit Document Manager
Credit Documention Unit
WB Legal-Americas

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ANNEX I

Amendments to the Credit Agreement

1.    Section 1.1 of the Credit Agreement is hereby amended by inserting the
following definitions in the appropriate alphabetical order:
“Fifth Amendment” shall mean the Fifth Amendment to Credit Agreement, dated as
of June 13, 2012, by and among the Borrowers, Alliance AG, the Lenders party
thereto and the Administrative Agent.

“Fifth Amendment Effective Date” shall have the meaning provided in the Fifth
Amendment.
    
2.    The definition of “Consolidated Net Income” appearing in Section 1.1 of
the Credit Agreement is hereby amended by inserting the text “, minus, (e) any
amounts exceeding $10,000,000 with respect to each fiscal year, commencing with
the fiscal year ending March 31, 2013, to the extent added in determining such
net income as a result of the sale by the Company and its Subsidiaries of
property, plant, equipment and growers' contracts” immediately after the text
“(other than any amounts described in clause (c) above)” appearing therein.
3.    The definition of “Credit Documents” appearing in Section 1.1 of the
Credit Agreement is hereby amended by inserting the text “, the Fourth
Amendment, the Fifth Amendment” immediately after the text “the Third Amendment”
appearing therein.
4.    The definition of “Extended Maturity Date” appearing in Section 1.1 of the
Credit Agreement is hereby amended by deleting the text “March 31, 2013”
appearing therein and inserting the text “April 15, 2014” in lieu thereof.
5.    The definition of “Extended Revolving Committed Amount” appearing in
Section 1.1 of the Credit Agreement is hereby amended by deleting the text
“Third Amendment Effective Date, $290,000,000” appearing therein and inserting
the text “Fifth Amendment Effective Date (after giving effect to the Fifth
Amendment), $250,000,000” in lieu thereof.
6.    The definition of “Incremental Revolving Commitment” appearing in Section
1.1 of the Credit Agreement is hereby amended by deleting the text “Third
Amendment Effective Date” appearing therein and inserting the text “Fifth
Amendment Effective Date” in lieu thereof.
7.    The definition of “Non-Extended Revolving Committed Amount” appearing in
Section 1.1 of the Credit Agreement is hereby amended by deleting the text
“Third Amendment Effective Date” appearing therein and inserting the text “Fifth
Amendment Effective Date (after giving effect to the Fifth Amendment)” in lieu
thereof.
8.     Section 2.15 of the Credit Agreement is hereby amended by inserting the
following new clause (c) at the end thereof:
“(c) Notwithstanding anything in this Agreement to the contrary, (x) the
Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests,
rules, guidelines, requirements and directives thereunder, issued in connection
therewith or in implementation thereof and (y) all requests rules, guidelines or
directives promulgated by

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the Bank for International Settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States
regulatory authorities, in each case pursuant to Basel III, shall be deemed to
be a change after the date hereof in a requirement of law or government rule,
regulation or order, regardless of the date enacted, adopted, issued or
implemented (including for purposes of this Section 2.15).”

9.    Section 2.23(a) of the Credit Agreement is hereby amended by deleting the
text “Third Amendment Effective Date” appearing therein and inserting the text
“Fifth Amendment Effective Date” in lieu thereof.

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10.    Section 5.2 of the Credit Agreement is hereby amended by (i) deleting the
word “and” appearing at the end of clause (i) thereof, (ii) deleting the period
at the end of clause (j) thereto and inserting the text “; and” in lieu thereof,
(iii) inserting the following new clause (k) at the end thereof:
“(k) on or prior to September 1, 2012, a collateral review in form and substance
reasonably satisfactory to the Administrative Agent, which review shall include
a summary of (i) the Collateral, (ii) the further assurance requirements under
this Agreement, (iii) the restrictions under the Convertible Notes Indenture and
Senior Indenture on (x) Subsidiaries (other than WLT) of the Company
guaranteeing the obligations under this Agreement and (y) Liens being granted by
the Company and its Subsidiaries (other than WLT) over their respective assets
in favor of the Administrative Agent for the benefit of the Secured Parties,
(iv) which Subsidiaries of the Company can guarantee the obligations under this
Agreement without causing adverse tax consequences or a breach of any provision
of a material agreement of the Company or any of its Subsidiaries and (v) the
assets of the Company, the other Credit Parties and the Subsidiaries of the
Company described in clause (iv) above on which Liens can be granted in favor of
the Administrative Agent for the benefit of the Secured Parties without causing
adverse tax consequences or a breach of any provision of a material agreement of
the Company or any of its Subsidiaries.”

11.    Section 5.2(b) of the Credit Agreement is hereby amended and restated in
its entirety as follows:
“(b)    concurrently with the delivery of the financial statements referred to
in Sections 5.1(a)(i) and Section 5.1(b) above, a certificate of a Responsible
Officer of the Company (a “Compliance Certificate”) stating that, to the best of
such Responsible Officer's knowledge, each of the Company and its Subsidiaries
during such period observed or performed in all material respects all of its
covenants and other agreements, and satisfied in all material respects every
condition, contained in this Agreement to be observed, performed or satisfied by
it, and that such Responsible Officer has obtained no knowledge of any Default
or Event of Default except as specified in such certificate and such certificate
shall (t) include the calculations in reasonable detail required to indicate
compliance with Section 5.9 and 5.10(b) as of the last day of such period, (u)
without limiting the preceding clause (t), if during the respective period there
have existed any Zimbabwe Subsidiaries, include calculations in reasonable
detail showing the adjustments to the calculations as a result of the treatment
of the Zimbabwe Subsidiaries as consolidated Subsidiaries of the Company in
accordance with the proviso to the first sentence of Section 1.3 (together with
such supporting detail as may be reasonably requested by the Administrative
Agent), (v) include related financial statements (which may be in summary form)
reflecting adjustments necessary to eliminate the accounts of WLT (if any)
(together with supporting detail as may be requested by the Administrative
Agent), (w) include a description of the Indebtedness for borrowed money of
WLT,  a description of the facilities under which such Indebtedness is
outstanding and the outstanding principal amount, in each case as of the last
day of such period for which financial statements were delivered pursuant to
Section 5.1(a)(i) or 5.1(b), as applicable, (x) include a description of the
Indebtedness for borrowed money of Foreign Subsidiaries

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(other than Indebtedness under this Agreement), a description of the facilities
under which such Indebtedness is outstanding and the outstanding principal
amount, in each case as of the last day of such period for which financial
statements were delivered pursuant to Section 5.1(a)(i) or 5.1(b), as
applicable, (y) include a description (including the owner) and book value of
(solely to the extent constituting Collateral in which the Administrative Agent
has been granted a first priority perfected Lien to secure the Credit Party
Obligations of the Company) (I) all accounts receivable owned by the Company or
any Domestic Guarantor, (II) all inventory (other than Excluded Inventory) owned
by the Company or any Domestic Guarantor, (III) all intercompany loans and
advances made by the Company or any Domestic Guarantor to the extent evidenced
by the Intercompany Note or a promissory note, (IV) the Capital Stock of each
Domestic Subsidiary owned by the Company or any Domestic Guarantor and (V) the
Capital Stock of (A) the Dutch Borrower, (B) Alliance AG, (C) the Foreign
Subsidiaries listed on Schedule 1.1(b), (D) each of their respective Material
Foreign Subsidiaries and (E) WLT (together with the value of 100% of the
non-Voting Stock and 65% of Voting Stock of each such Person listed in this
clause (V)), in each case as of the last day of such period for which financial
statements were delivered pursuant to Section 5.1(a)(i) or 5.1(b), as
applicable, and (z) certify that there have been no changes to Schedule 3.12
since the Effective Date or, if later, since the date of the most recent
certificate delivered pursuant to this Section 5.2(b), or if there have been any
such changes, a list in reasonable detail of such changes;”.

12.    Section 5.9 of the Credit Agreement is hereby amended by (i) amending and
restating clause (a) of said Section as follows:
“(a)
Minimum Consolidated Interest Coverage Ratio. Maintain at all times a
Consolidated Interest Coverage Ratio of not less than (i) 1.65 to 1.00 for the
fiscal quarters ended June 30, 2011 and September 30, 2011, (ii) 1.80 to 1.00
for the fiscal quarter ended December 31, 2011, (iii) 1.90 to 1.00 for the
fiscal quarter ended March 31, 2012, (iv) 1.70 to 1.00 for the fiscal quarter
ended June 30, 2012 and (v) 1.90 to 1.00 at all other times.”

(ii) amending and restating the table appearing clause (b) of said Section as
follows:
Period
Ratio
Fiscal quarter ended June 30, 2009
5.25 to 1.00
July 1, 2009 through and including September 30, 2009
5.50 to 1.00
October 1, 2009 through and including December 31, 2009
5.75 to 1.00
January 1, 2010 through and including March 31, 2010
5.50 to 1.00
April 1, 2010 through and including June 30, 2010
5.00 to 1.00
July 1, 2010 through and including September 30, 2010
5.25 to 1.00

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Period
Ratio
October 1, 2010 through and including December 31, 2010
5.25 to 1.00
January 1, 2011 through and including March 31, 2011
5.85 to 1.00
April 1, 2011 through and including June 30, 2011
6.70 to 1.00
July 1, 2011 through and including September 30, 2011
7.50 to 1.00
October 1, 2011 through and including December 31, 2011
6.10 to 1.00
January 1, 2012 through and including March 31, 2012
5.50 to 1.00
April 1, 2012 through and including June 30, 2012
7.25 to 1.00
July 1, 2012 through and including September 30, 2012
7.40 to 1.00
October 1, 2012 through and including December 31, 2012
6.50 to 1.00
January 1, 2013 through and including March 31, 2013
5.90 to 1.00
April 1, 2013 through and including June 30, 2013
5.75 to 1.00
July 1, 2013 through and including September 30, 2013
6.40 to 1.00
October 1, 2013 through and including December 31, 2013
6.25 to 1.00
January 1, 2014 and thereafter
5.50 to 1.00

and (iii) inserting the following new clause (e) at the end of said Section:

“(e)    Minimum Consolidated EBITDA
. The Company will not permit Consolidated EBITDA for any Calculation Period
ending on the last day of a fiscal quarter of the Company set forth below to be
less than the amount set forth opposite such fiscal quarter below:

Fiscal quarter Ending
Amount (millions)
June 30, 2012
$166.0
September 30, 2012
$175.0
December 31, 2012
$195.0
March 31, 2013
$200.0
June 30, 2013
$200.0
September 30, 2013
$205.0
December 31, 2013
$210.0
March 31, 2014
$215.0

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13.    Section 6.1(c)(ii)(B) is hereby amended by deleting the text "the amount
of such Indebtedness shall not exceed in the aggregate $40,000,000 in connection
with the facility located in Santa Catarina, Brazil and" appearing therein.
14.    Section 6.1(l)(ii) is hereby amended by deleting the text “the aggregate
principal amount of $600,000,000 at any one time outstanding” appearing therein
and inserting the text “(x) an outstanding aggregate principal amount of
$675,000,000 for any 10 consecutive Business Day period or (y) notwithstanding
the foregoing clause (x), an outstanding aggregate principal amount of
$500,000,000 on March 31 of each fiscal year of the Company” in lieu thereof.
15.    Section 6.5(a), Section 6.5(k), Section 6.5(l) and Section 6.10 are each
hereby amended by (i) deleting the text “Section 5.9(a), (b) and (c)” appearing
therein and inserting the text “Section 5.9(a), (b), (c) and (e)” in lieu
thereof.
16.    Section 6.10 is hereby amended by (i) inserting the following text “prior
to the Fifth Amendment Effective Date,” at the beginning of clause (d) thereof,
and (ii) deleting clause (g) thereof in its entirety and replacing it with the
following new clause (g):
“(g)
[Intentionally Omitted]”.

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