PNC BANK, NATIONAL ASSOCIATION

TECUMSEH PRODUCTS COMPANY,
TECUMSEH COMPRESSOR COMPANY,
TECUMSEH PRODUCTS OF CANADA, LIMITED
AND
EVERGY, INC.
AMENDMENT NO. 3 CLOSING CHECKLIST
I.    Parties
A.
PNC Bank, National Association (“Agent”)

Todd Milenius
PNC Business Credit
1900 East 9th Street, 9th Floor
Cleveland, OH 44114
(216) 222-9761
E-Mail Address: todd.milenius@pnc.com
Borrowers:
B.
Tecumseh Products Company ("Tecumseh Products”)

5683 Hines Drive
Ann Arbor, Michigan 48108
Tecumseh Products TIN #: 38-1093240
Tecumseh Products State of Organization: Michigan
Tecumseh Products State Org. #: 096612
Janice Stipp
Chief Financial Officer
Tecumseh Products
734-585-9586
248-346-4277 (cell)
E-Mail Address: janice.stipp@tecumseh.com

--------------------------------------------------------------------------------

Christine Saurini
Director of Treasury
Tecumseh Products
(734) 585-9441
(586) 491-5806 (cell)
(734) 352-3741 (fax)
E-Mail: christine.saurini@tecumseh.com
C.
    Tecumseh Products of Canada, Limited ("Tecumseh Products Canada”)

5683 Hines Drive
Ann Arbor, Michigan 48108
Tecumseh Products Canada Tax Identification Number: 10 515 9834 C0001
Tecumseh Products Canada Province of Organization: Tecumseh Products Canada is a
Federal Corporation under the Canada Business Corporations Act, and is
registered in the Province of Ontario.
Tecumseh Products Canada Org. #: 061165-4
D.
Tecumseh Compressor Company ("Tecumseh Compressor”)

5683 Hines Drive
Ann Arbor, Michigan 48108
Tecumseh Compressor’s TIN #: 32-0043184
Tecumseh Compressor’s State of Organization: Delaware
Tecumseh Compressor’s State Org. #: 3585297
E.
Evergy, Inc. ("Evergy”)

5683 Hines Drive
Ann Arbor, Michigan 48108
Evergy’s TIN #: 32-0043183
Evergy’s State of Organization: Delaware
Evergy’s State Org. #: 3585288
Tecumseh Products, Tecumseh Products Canada, Tecumseh Compressor, and Evergy are
collectively the “Borrowers” and each individually a “Borrower”

--------------------------------------------------------------------------------

II.    Counsel to Parties
A.
PNC Business Credit

Theodore B. Sylwestrzak, Esq.
Dickinson Wright PLLC (“DW”)
500 Woodward Avenue, Suite 4000
Detroit, Michigan 48226
(313) 223-3036
(313) 223-3598 (Fax)
E-Mail Address: TSylwestrzak@dickinsonwright.com
and
Rachel L. Wolock, Esq.
Dickinson Wright PLLC (“DW”)
500 Woodward Avenue, Suite 4000
Detroit, Michigan 48226
(313) 223-3009
(313) 223-3598 (Fax)
E-Mail Address: RWolock@dickinsonwright.com
Borrowers:
Kimberly Dudek
Honigman Miller Schwartz and Cohn LLP
2290 First National Building
660 Woodward Avenue
Detroit, MI 48226
(313) 465- 7592
(313) 465-7593 (Fax)
E-Mail Address: kdudek@honigman.com

--------------------------------------------------------------------------------

NAME OF DOCUMENT
DRAFT
OBTAIN
DOC ID
COMMENTS

1.    Amendment No. 3 to Revolving Credit and Security Agreement
DW
Borrowers
1300043
 Tecumseh Products
 Tecumseh Products Canada
 Tecumseh Compressor
 Evergy
 Agent
Exhibit:
 
A Term Note
DW
 
1301220
 Done
B Specified Updated Schedules
 
Borrowers
 
 Received
C Closing Checklist
DW
 
1300667
 Done
D Revolving Credit Note
DW
 
1301232
 Done
 
2.    Revolving Credit Note ($34,000,000)
DW
Borrowers
1301232
 Tecumseh Products
 Tecumseh Products Canada
 Tecumseh Compressor
 Evergy
 
3.    Term Note ($15,000,000)
DW
Borrowers
1301220
 Tecumseh Products
 Tecumseh Products Canada
 Tecumseh Compressor
 Evergy
 
4.    IP Security Agreement
DW
Borrowers
1302260
 Tecumseh Products
 Tecumseh Products Canada
 Tecumseh Compressor
 Evergy
 Agent
Schedule 1 – Patents
 
Borrowers
 
 Done
Schedule 2 – Trademarks
 
Borrowers
 
 Done
Schedule 3 – Copyrights
 
Borrowers
 
 Done
 

1

--------------------------------------------------------------------------------

NAME OF DOCUMENT
DRAFT
OBTAIN
DOC ID
COMMENTS

5.    Evidence of Filing with USPTO
DW
 
 
 Received
 
6.    USPTO Searches
DW
 
 
 Received
 
7.    Resolutions for Extension of Credit and Incumbency Certificates:
Borrowers’ counsel confirmed no change to Bylaws since delivered in 2011closing
(a) Tecumseh Products
DW
Borrowers
1301264
 J. Stipp
 J. Connor
Exhibits to Tecumseh Products’ Resolutions:
 
By-Laws
 
Borrowers
 
Received
Articles of Incorporation
 
Borrowers
 
Received
(b) Tecumseh Products Canada
DW
Borrowers
 
 J. Stipp
 J. Connor
 R. Jackson
Exhibits to Tecumseh Products Canada’s Resolutions:
 
By-Laws
 
Borrowers
 
Received
Articles of Incorporation
 
Borrowers
 
Received
(c) Tecumseh Compressor
DW
Borrowers
 
 J. Stipp
 J. Connor
 R. Jackson
Exhibits to Tecumseh Compressor’s Resolutions:
 
By-Laws
 
Borrowers
 
Received
Articles of Incorporation
 
Borrowers
 
Received
(d) Evergy
DW
Borrowers
 
 J. Stipp
 J. Connor
 R. Jackson
Exhibits to Evergy’s Resolutions:
 
By-Laws
 
Borrowers
 
Received
Articles of Incorporation
 
Borrowers
 
Received
 
8.    Certificates of Good Standing
 
(a) Tecumseh Products
Michigan
 
Borrowers
 
Received

2

--------------------------------------------------------------------------------

NAME OF DOCUMENT
DRAFT
OBTAIN
DOC ID
COMMENTS

(b) Tecumseh Products Canada, Canada
 
Borrowers
 
Received
(c) Tecumseh Compressor
Delaware
 
Borrowers
 
Received
(d) Evergy
Delaware
 
Borrowers
 
Received
 
9.    UCC-3 Amendments and PPSA Amendment:
 
(a) Tecumseh Products
Michigan
 
DW
 
Filed Copy Received
(b) Tecumseh Products Canada, Ontario
 
DW
 
Filed Copy Received
(c) Tecumseh Compressor
Delaware
 
DW
 
Filed Copy Received
(d) Evergy
Delaware
 
DW
 
Filed Copy Received
 
10.    UCC and PPSA Searches
 
(a) Tecumseh Products
Michigan
 
DW
 
Received
(b) Tecumseh Products Canada Ontario
 
DW
 
Received
(c) Tecumseh Compressor
Delaware
 
DW
 
Received
(d) Evergy
Delaware
 
DW
 
Received
(e) Tecumseh do Brasil USA, LLC
Delaware
 
DW
 
Received
(f) Tecumseh Technologies, Inc. Delaware
 
DW
 
Received
 
11.    Legal Opinion(s):
 
(a) U.S. Opinion (HMS&C)
 
Borrowers
1301274
Received
(b) Canadian Opinion
(Norton Rose Fulbright)
 
Borrowers
 
Received
 
12.    Mortgage
5683 Hines Drive
Ann Arbor, Michigan
DW
Borrowers
1301302
 Tecumseh Products
 Notary sig
 Sent for recording
 Filed copy rec’d

3

--------------------------------------------------------------------------------

NAME OF DOCUMENT
DRAFT
OBTAIN
DOC ID
COMMENTS

Exhibit A – Legal Description
 
Borrowers
 
Received
Exhibit B – Permitted Title Encumbrances
DW
Borrowers
 
Done
 
13.    Mortgage 
420 S. Maumee Street 
Tecumseh, Michigan
DW
Borrowers
 
 Tecumseh Products
 Notary sig
 Sent for recording
 Filed copy rec’d
Exhibit A – Legal Description
 
Borrowers
 
Received
Exhibit B – Permitted Title Encumbrances
DW
Borrowers
 
Done
 
14.    First Amendment to Deed of Trust
2700 West Wood Street
Paris, Tennessee
DW
Borrowers
 
 Evergy
 Notary
 Agent
 Notary
 Sent for recording
 Filed copy rec’d
Exhibit A – Legal Description
 
Borrowers
 
Received
 
15.    Tennessee Recording Tax Worksheet and Affidavit
DW
Borrowers
 
 J. Stipp for Evergy
 
16.    [Reserved]
 
 
17.    Evidence of Insurance on Mortgaged Real Properties (of at least the
Appraised Values) and PNC’s Mortgagee Endorsement on the Insurance Policies
 
Borrowers
 
 Received
 
18.    Title Commitments:
 
(a) 5683 Hines Drive
Ann Arbor, Michigan
 
DW
Ordered
 Received
 Mark up
(b) 420 S. Maumee Street
Tecumseh, Michigan
 
DW
Ordered
 Received
 Mark up
(c) 2700 West Wood Street
Paris, Tennessee
 
DW
Ordered
 Received
 Mark up
(d) 200 Elm Street
Aylmer, Ontario, Canada
 
DW
Ordered
 Received
 Mark up
 

4

--------------------------------------------------------------------------------

NAME OF DOCUMENT
DRAFT
OBTAIN
DOC ID
COMMENTS

19.    Title Policies:
 
(a) 5683 Hines Drive
Ann Arbor, Michigan
 
DW
 
 Received
 Approved
(b) 420 S. Maumee Street
Tecumseh, Michigan
 
DW
 
 Received
 Approved
(c) 2700 West Wood Street
Paris, Tennessee
 
DW
 
 Received
 Approved
(d) 200 Elm Street
Aylmer, Ontario, Canada
 
DW
 
 Received
 Approved
 
20.    Surveys:
 
(a) 5683 Hines Drive
Ann Arbor, Michigan
 
Borrowers
To be re-certified/issued to Agent and title co. as of recent date.
 Received
 Approved
(b) 420 S. Maumee Street
Tecumseh, Michigan
 
Borrowers
 
 Received
 Approved
(c) 2700 West Wood Street
Paris, Tennessee
 
Borrowers
 
 Received
 Approved
(d) 200 Elm Street
Aylmer, Ontario, Canada
 
Borrowers
 
 Received
 Approved
 
21.    Appraisals:
 
(a) 5683 Hines Drive
Ann Arbor, Michigan
 
Borrowers
 
 Received
 Approved
(b) 420 S. Maumee Street
Tecumseh, Michigan
 
Borrowers
 
 Received
 Approved
(c) 2700 West Wood Street
Paris, Tennessee
 
Borrowers
 
 Received
 Approved
(d) 200 Elm Street
Aylmer, Ontario, Canada
 
Borrowers
 
 Received
 Approved
 
22.    Phase I:
 
(a) 5683 Hines Drive
Ann Arbor, Michigan
 
Borrowers
 
 Received
 Approved
(b) 420 S. Maumee Street
Tecumseh, Michigan
 
Borrowers
 
 Received
 Approved
(c) 2700 West Wood Street
Paris, Tennessee
 
Borrowers
 
 Received
 Approved
(d) 200 Elm Street
Aylmer, Ontario, Canada
 
Borrowers
 
 Received
 Approved
 

5

--------------------------------------------------------------------------------

NAME OF DOCUMENT
DRAFT
OBTAIN
DOC ID
COMMENTS

23.    Flood Zone Certificates
 
(a) 5683 Hines Drive
Ann Arbor, Michigan
 
Agent
 
 Received
 Approved
(b) 420 S. Maumee Street
Tecumseh, Michigan
 
Agent
 
 Received
 Approved
(c) 2700 West Wood Street
Paris, Tennessee
 
Agent
 
 Received
 Approved
(d) [Reserved]
 
 
24.    Owner’s Affidavits:
 
(a) 5683 Hines Drive
Ann Arbor, Michigan
 
Borrowers
 
 Tecumseh Products
 Notary
(b) 420 S. Maumee Street
Tecumseh, Michigan
 
Borrowers
 
 Tecumseh Products
 Notary
(c) 2700 West Wood Street
Paris, Tennessee
 
Borrowers
 
 Evergy
 Notary
(d) 200 Elm Street
Aylmer, Ontario, Canada
 
Borrowers
 
 Tecumseh Products Canada
 Notary
 
25.    Survey Affidavits:
 
(a) 5683 Hines Drive
Ann Arbor, Michigan
 
Borrowers
 
 Tecumseh Products
 Notary
(b) 420 S. Maumee Street
Tecumseh, Michigan
 
Borrowers
 
 Tecumseh Notary
(c) 2700 West Wood Street
Paris, Tennessee
 
Borrowers
 
 Evergy
 Notary
(d) 200 Elm Street
Aylmer, Ontario, Canada
 
Borrowers
 
 Tecumseh Products Canada
 Notary
 
26.    Environmental Indemnity Agreement:
 
(a) 5683 Hines Drive
Ann Arbor, Michigan
 
Borrowers
1301301
 Tecumseh Products
 Notary
Exhibit A – Legal Description
 
 
1301301
 Done
(b) 420 S. Maumee Street
Tecumseh, Michigan
 
Borrowers
 
 Tecumseh Products
 Notary

6

--------------------------------------------------------------------------------

NAME OF DOCUMENT
DRAFT
OBTAIN
DOC ID
COMMENTS

Exhibit A – Legal Description
 
 
 
 Done
(c) 2700 West Wood Street
Paris, Tennessee
 
Borrowers
 
 Evergy
 Notary
Exhibit A – Legal Description
 
 
 
 Done
(d) 200 Elm Street
Aylmer, Ontario, Canada
 
Borrowers
 
 Tecumseh Products Canada
 Notary
Exhibit A – Legal Description
 
 
 
 Done
 
27. Deposit Account Control Agreement
 
Borrowers
1301931
 Tecumseh Products
 Tecumseh Products Canada
 Tecumseh Compressor
 Evergy
 Agent (2)
 
28.    Pledge Agreement
DW
Borrowers
1301930
 Tecumseh Products
 Tecumseh Products Canada
 Tecumseh Compressor
 Evergy
 
29.    Counsel's Memorandum
DW
 
1302438
 Drafted
 Sent
Attachment: Closing Checklist
DW
 
1300667
Done
 

Copy Signature
Original Signature

7