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Exhibit 10.1
 
AMENDMENT NO. 4
TO
THIRD AMENDED AND RESTATED CREDIT AGREEMENT
 
This AMENDMENT NO. 4 TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT  (this
“Amendment”) is entered into as of this 12th day of June, 2015 by and among
STANDARD MOTOR PRODUCTS, INC., a New York corporation (“Borrower”), SMP MOTOR
PRODUCTS, LTD., a corporation amalgamated under the laws of Canada (“SMP Canada”
and together with Borrower, each a “Credit Party”, and collectively, “Credit
Parties”),  the lenders who are party to the Credit Agreement (defined below)
(“Lenders”), GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation, for
itself, as Lender, and in its capacity as Agent for Lenders (“Agent”), BANK OF
AMERICA, N.A., for itself, as Lender and as a Co-Syndication Agent, WELLS FARGO
CAPITAL FINANCE, LLC, for itself, as Lender and as a Co-Syndication Agent, and
JPMORGAN CHASE BANK, N. A., for itself, as a Lender and as Documentation Agent.

WHEREAS, Credit Parties, Agent and Lenders are parties to a Third Amended and
Restated Credit Agreement dated as of November 10, 2010 (as amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”),
pursuant to which Agent and Lenders provide Borrower with certain financial
accommodations.

WHEREAS, Borrower has requested that Agent and Lenders make certain amendments
to the Credit Agreement, and Agent and Lenders are willing to do so on the terms
and conditions hereafter set forth.

NOW, THEREFORE, in consideration of any loan or advance or grant of credit
heretofore or hereafter made to or for the account of Borrower by Agent and
Lenders, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

1.            Definitions.  All capitalized terms not otherwise defined herein
shall have the meanings given to them in the Credit Agreement.
 
2.            Amendment.  Subject to satisfaction of the conditions precedent
set forth in Section 3 below, Section 6.14 of the Credit Agreement is hereby
amended as follows:
 
(a)            The reference to “$15,000,000” set forth in clause (e)(i) thereof
is deleted and “$20,000,000” is inserted in lieu thereof.
 
(b)           The reference to “$20,000,000” set forth in clause (e)(i)(x)
thereof is deleted and “$25,000,000” is inserted in lieu thereof.
 
(c)           The reference to “$10,000,000” set forth in clause (e)(ii)(x)
thereof is deleted and “$20,000,000” is inserted in lieu thereof.
 
(d)            The reference to “$30,000,000” set forth in clause (e)(ii)(y)
thereof is deleted and “$35,000,000” is inserted in lieu thereof.
 

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3.            Conditions of Effectiveness.  This Amendment shall become
effective on the date (the “Amendment No. 4 Effective Date”) on which Agent
shall have received four (4) copies (or such fewer copies as Agent may require)
of this Amendment executed by Credit Parties and Lenders and consented to by the
Guarantors.
 
4.            Representations and Warranties.  Credit Parties hereby represent
and warrant as follows:
 
(a)            this Amendment and the Credit Agreement, as amended hereby,
constitute legal, valid and binding obligations of Credit Parties and are
enforceable against Credit Parties in accordance with their respective terms;
 
(b)            the representations and warranties contained in the Credit
Agreement are true, correct and complete in all material respects on and as of
the date hereof to the same extent as though made on and as of the date hereof,
except to the extent such representations and warranties specifically relate to
an earlier date, in which case such representations and warranties were true,
correct and complete in all material respects on and as of such earlier date;
provided that, if a representation and warranty is qualified as to materiality,
the materiality qualifier set forth above shall be disregarded with respect to
such representation and warranty for purposes of this certification;
 
(c)            no Event of Default or Default has occurred and is continuing or
would exist after giving effect to this Amendment; and
 
(d)            no Credit Party has any defense, counterclaim or offset with
respect to the Credit Agreement.
 
5.            No Waiver.  The execution, delivery and effectiveness of this
Amendment shall not operate as a waiver of any right, power or remedy of Agent
or any Lender, nor constitute a waiver of any provision of the Credit Agreement,
or any other documents, instruments or agreements executed and/or delivered
under or in connection therewith.
 
6.            Effect on the Credit Agreement.  On and after the Amendment No. 4
Effective Date, all references in the Credit Agreement and the other Loan
Documents to the Credit Agreement shall be deemed to refer to the Credit
Agreement as amended hereby.  The provisions of the Credit Agreement shall, save
as modified by this Amendment, continue in full force and effect.
 
7.            Governing Law.  THIS AMENDMENT SHALL BE GOVERNED BY THE LAWS OF
THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO ITS CONFLICTS OF LAW RULES).
 
8.            Headings.  Section headings in this Amendment are included herein
for convenience of reference only and shall not constitute a part of this
Amendment for any other purpose.
 
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9.            Counterparts; Facsimile.  This Amendment may be executed in any
number of several counterparts, each of which shall be deemed an original but
all of which together shall constitute one and the same instrument.  Any
signature delivered by a party by pdf or facsimile transmission shall be deemed
to be an original signature hereto.
 
[remainder of page intentionally left blank]
 
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IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be
executed and delivered by its duly authorized officer as of the date first set
forth above.

 
CREDIT PARTIES:
           
STANDARD MOTOR PRODUCTS, INC.
           
By:
     
Name:
     
Title:
             
SMP MOTOR PRODUCTS, LTD.
           
By:
     
Name:
     
Title:
   

 
Signature page to Amendment No. 4 to Third Amended and Restated Credit Agreement
 

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CONSENTED AND AGREED TO BY:

MOTORTRONICS, INC.,
as a Guarantor

By:
   
Name:
   
Title:
   

 
Signature page to Amendment No. 4 to Third Amended and Restated Credit Agreement
 

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LENDERS:
           
GENERAL ELECTRIC CAPITAL
   
CORPORATION,
   
as Agent and a Lender
           
By:
     
Name:
     
Title :
                     
BANK OF AMERICA, N.A.,
   
as Co-Syndication Agent and a Lender
           
By:
     
Name:
     
Title:
                     
WELLS FARGO CAPITAL FINANCE, LLC, as Co-Syndication Agent and a Lender
           
By:
     
Name:
     
Title:
                     
JPMORGAN CHASE BANK, N.A.,
   
as Documentation Agent and a Lender
           
By:
     
Name:
     
Title:
   

(Signatures continued on next page)
 
Signature page to Amendment No. 4 to Third Amended and Restated Credit Agreement
 

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HSBC BANK USA, NATIONAL ASSOCIATION,
   
as a Lender
           
By:
   
Name:
   
Title:
           
GE BUSINESS FINANCIAL SERVICES INC.,
   
as a Lender
           
By:
   
Name:
   
Title:
 

 
Signature page to Amendment No. 4 to Third Amended and Restated Credit Agreement
 
 

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