CONSIGNMENT AGREEMENT, DATED OCTOBER 22, 2006



 Exhibit 10.26 
 CONSIGNMENT AGREEMENT 
 CONSIGNMENT AGREEMENT, dated as of October 22, 2006 (the
“Agreement”), by and between HSBC BANK USA, NATIONAL ASSOCIATION, a bank organized under the laws of the United States with offices located at 452 Fifth Avenue, New York, New York 10018 (“HSBC”) and SENSATA
TECHNOLOGIES, INC., a Delaware corporation with offices located at 529 Pleasant Street, Attleboro, Massachusetts 02703 (the “Company”). 
 W I T N E S S E T H: 
 WHEREAS, the
Company utilizes certain Precious Metal (as hereinafter defined) in its operations; and 
 WHEREAS, the Company has requested that HSBC, in
its discretion, consign certain of such Precious Metal to the Company for disposition by the Company as hereinafter provided. 
 NOW,
THEREFORE, in consideration of these premises and of the mutual promises hereinafter contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows:

 1. DEFINITIONS. 
 When used herein, the
terms set forth below shall be defined as follows: 
 1.1. “Authorized Representatives” means all person(s) who are
authorized by and on behalf of the Company under this Agreement, including, without limitation, (a) to transact consignment and purchase and sale transactions with HSBC under the Consignment Facility; and (b) to request that a consignment
under the Consignment Facility be continued as such or converted to a consignment of another Type. 
 1.2. “Business Day”
means a day on which commercial banks settle payments in New York. 
 1.3. “Company” means Sensata Technologies, Inc., a
Delaware corporation. 
 1.4. “Company’s Account” means the demand deposit account of the Company at HSBC, which shall
be charged for payments to be made by the Company in accordance with the provisions of this Agreement, or any other account of the Company at HSBC designated by HSBC from time to time. 
 1.5. “Company’s Address” means 529 Pleasant Street, Attleboro, Massachusetts 02703. 
 1.6. “Consigned Precious Metal” means Precious Metal which has been consigned to the Company pursuant to the Consignment Facility.








 1.7. “Consignment Facility” means the facility under Paragraph 2 hereof, whereby the
Company way request consignments of Precious Metal from HSBC. 
 1.8. “Consignment Facility Indebtedness” means the Value of
all outstanding Consigned Precious Metal consigned to the Company under the Consignment Facility (it being understood that all Precious Metal consigned to the Company by HSBC shall be deemed to be outstanding on consignment until returned or paid in
full in accordance herewith). 
 1.9. “Consignment Limit” means the lesser of: 
 (a) Twenty-Five Million Dollars ($25,000,000); or 
 (b) Ninety percent (90%) of the aggregate undrawn face amount of the Letters of Credit. 
 1.10. “Consignment
Period” means: 
 (a) with respect to the consignment of Precious Metal based upon a Variable Consignment Fee, the period beginning
on the Drawdown Date and ending one (1) Business Day after such Drawdown Date; and 
 (b) with respect to the consignment of Precious
Metal based upon a Fixed Consignment Fee, the period beginning on the Drawdown Date and ending one (1) month, two (2) months, or three (3) months after such Drawdown Date (or such other period as HSBC and the Company shall agree upon
from time to time thereafter), as the Company may select in its relevant notice pursuant to Paragraph 2.2 or 2.6; 
 provided, however, in the
case of Variable Consignment Fees and Fixed Consignment Fees, if such Consignment Period would otherwise end on a day which is not a London Banking Day, such Consignment Period shall end on the next following London Banking Day. 
 1.11. “Consignment Request” shall have the meaning assigned by Paragraph 2.2(a) hereof. 
 1.12. “Conversion Request” means a notice given by an Authorized Representative to HSBC of the Company’s election to convert or
continue a consignment under the Consignment Facility in accordance with Paragraph 2.6 hereof. 
 1.13. “Drawdown Date”
means the date on which any consignment under the Consignment Facility is made or is to be made and the date on which any consignment under the Consignment Facility is converted or continued in accordance with Paragraph 2.6 hereof. 
 1.14. “Event of Default” means each and every event specified in Paragraph 8.1 of this Agreement. 
 1.15. “Fiscal Year” means the year ending December 31st. 
  

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 1.16. “Fixed Consignment Fee” means a consignment fee set forth in Paragraph 2.5 hereof.

 1.17. “Fixed Rate Consignment” means a consignment of Precious Metal by HSBC to the Company under the Consignment
Facility bearing a Fixed Consignment Fee. 
 1.18. “GAAP” means generally accepted accounting principles consistently
applied. 
 1.19. “Guarantors” means Sensata Technologies B.V., a corporation organized under the laws of The Netherlands,
and Sensata Technologies Holding Company U.S. B.V., a corporation organized under the laws of The Netherlands. 
 1.20. “Guaranty
Agreements” means those certain Guaranty Agreements of the Guarantors in favor of HSBC dated on or about the date hereof, whereby the Guarantors have guaranteed the payment and performance of the Obligations. 
 1.21. “Indebtedness” means, as to the Company, all items of indebtedness, obligation or liability, whether matured or unmatured,
liquidated or unliquidated, direct or contingent, joint or several, including, without limitation: 
 (a) All indebtedness guaranteed,
directly or indirectly, in any manner or endorsed (other than for collection or deposit in the ordinary course of business) or discounted with recourse; 
 (b) All indebtedness in effect guaranteed, directly or indirectly, through agreements, contingent or otherwise: (i) to purchase such indebtedness; or (ii) to purchase, sell or lease (as lessee or lessor)
property, products, materials or supplies or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such indebtedness or to assure the owner of the indebtedness against loss; or (iii) to supply funds
to or in any other manner invest in the debtor; 
 (c) All indebtedness secured by (or for which the holder of such indebtedness has a right,
contingent or otherwise, to be secured by) any mortgage, deed of trust, pledge, lien, security interest or other charge or encumbrance upon property owned or acquired subject thereto, whether or not the liabilities secured thereby have been assumed;

 (d) All indebtedness incurred as the consignee of goods under consignment facilities whether or not, in accordance with GAAP, such
consignment facilities should be reflected on the Company’s balance sheet; and 
 (e) All indebtedness of any partnership or joint
venture in which the Company or any of its Subsidiaries is a general partner or joint venturer. 
 1.22. “Inventory” means
all inventory (as defined in Section 9-102(48) of the Uniform Commercial Code), goods, merchandise and other personal property, wherever located, now owned a hereafter acquired or acquired on consignment which are held for sale or lease, or

  

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 furnished or to be furnished under any contract of service or are raw materials, work in process, supplies or materials
used or consumed in business, and all products thereof, and substitutions, replacements, additions or accessions thereto, all cash or non-cash proceeds of all of the foregoing including insurance proceeds. 
 1.23. “Letters of Credit” those certain irrevocable Letters of Credit issued by Morgan Stanley Bank, or other financial institution
acceptable to HSBC, in its sole discretion, which are acceptable to HSBC in its sole discretion in form and substance and which shall be in the form of Exhibit C attached hereto. 
 1.24. “London Banking Day” means any day on which commercial banks are open for international business (including dealings in dollar
deposits) in London. 
 1.25. “Metal Payment” means, for any Precious Metal, (a) the Company’s payment at the
office of HSBC herein set forth or such other place as HSBC may from time to time specify in writing in the form of immediately available United States dollars in an amount equal to the Value of such Precious Metal on the date of such payment (or,
if the Company had previously provided notice to HSBC of its intention to purchase or settle such Precious Metal on a particular date and HSBC had fixed the Value of such Precious Metal or otherwise acted in reliance on such notice, and at
HSBC’s election, the Value of such Precious Metal on the date of fix of Value or other action), plus any applicable premium, or any other purchase price to which the parties have agreed in writing, or (b) after notice to and agreement to
the same by HSBC, delivery of like Precious Metal delivered to HSBC’s designated pool accounts, loco London. 
 1.26.
“Obligations” means any and all Indebtedness, obligations and liabilities of the Company to HSBC of every kind and description, direct or indirect, joint or several, absolute or contingent, due or to become due, whether for payment
of performance, now existing or hereafter arising under this Agreement including, without limitation, all indebtedness and obligations of the Company under the Consignment Facility; and all interest, taxes, fees, charges, expenses and
attorneys’ fees chargeable to the Company or incurred by HSBC hereunder, or any other document or instrument delivered pursuant to or as a supplement hereto. 
 1.27. “Permitted Liens” means, so long as execution thereon has been stayed: 
  

	 	(a)	Liens for taxes, assessments, or similar charges, incurred in the ordinary course of business, which either are not yet due and owing or are being contested in good faith by
appropriate proceedings, and as to which the Company shall have set aside adequate reserves; 

  

	 	(b)	Pledges or deposits made in the ordinary course of business to secure payment of worker’s compensation, or to participate in any fund in connection with worker’s
compensation, unemployment insurance, old-age pensions or other social security programs; 

  

	 	(c)	Liens of mechanics, materialmen, warehousemen, carriers, or other like liens, securing obligations incurred in the ordinary course of business that are not yet due and payable;


  

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	 	(d)	Good faith pledges or deposits made in the ordinary course of business to secure performance of bids, tenders, contracts (other than for the repayment of borrowed money) or leases,
not in excess of ten percent (10%) of the aggregate amount due thereunder, or to secure statutory obligations, or surety, appeal, indemnity, performance or other similar bonds required in the ordinary course of business;


  

	 	(e)	Encumbrances consisting of zoning restrictions, easements, or other restrictions on the use of real property, none of which materially impairs the use of such property by the
Company or any Subsidiary in the operation of its business, and none of which is violated in any material respect by existing or proposed structures or land use; 

  

	 	(f)	Restrictions, easements and minor irregularities in title which do not and will not interfere with the occupation, use and enjoyment by the Company of such properties and assets in
the normal course of its business as presently conducted or materially impair the value of such properties and assets for the purpose of such business; 

  

	 	(g)	Liens in favor of HSBC; 

  

	 	(h)	Liens consented to by HSBC in writing; and 

  

	 	(i)	Existing liens set forth or described on Exhibit B attached hereto and made a part hereof. 

 1.28. “Person” means an individual, corporation, partnership, limited liability company, joint venture, trust, or unincorporated
organization. 
 1.29. “Precious Metal” means silver, having a minimum degree of fineness of ninety-nine and 90/100 percent
(99.90%). 
 1.30. “Premises” means any real estate owned, used or leased by the Company. 
 1.31. “Prime Rate” means the variable per annum rate of interest so designated from time to time by HSBC as its prime rate. The Prime
Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Changes in the rate of interest resulting from changes in the Prime Rate shall take place immediately without notice or demand of any
kind. 
 1.32. “Proposal Letter” means that certain letter of HSBC and agreed to by the Company dated September 28,
2006. 
 1.33. “Regulatory Change” after the date hereof, the introduction of any new, or any change in existing, applicable
laws, rules or regulations or in the interpretation or administration thereof by any court or governmental authority charged with the interpretation or administration thereof, or compliance by HSBC with any new request or directive by any such court
or authority (whether or not having the force of law). 
  

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 1.34. “Security Documents” means the Letters of Credit, the Guaranty Agreements, any and
all UCC financing statements evidencing present or future security interests which are collateral for the Obligations, all as same may be amended, such agreements and documents being dated on or about the date hereof, and any and all other
documents, instruments or agreements now or hereafter securing or providing collateral for the Obligations and all agreements and instruments delivered in connection therewith. 
 1.35. “Subsidiary” means any corporation of which more than fifty (50%) percent of the outstanding voting securities shall, at the
time of determination, be owned by a corporation directly or indirectly through one or more Subsidiaries. 
 1.36. “Transaction
Documents” means the following this Agreement and the Security Documents. 
 1.37. “Type” means, as to any
consignment under the Consignment Facility, its nature as a Fixed Rate Consignment or a Variable Rate Consignment. 
 1.38.
“Value” means the value of all Consigned Precious Metal, determined at any date, by the London Silver Market fixing price on such date; provided, however, that (x) if no such reference price is set on such date,
the last such set price shall be deemed to apply; and (y) if the setting of such reference price is discontinued or for any reason not available to HSBC for reference as to any Precious Metal, HSBC at its option may utilize any other recognized
reference price or mechanism to determine the value of such Precious Metal on such date and shall notify the Company of the same. 
 1.39.
“Variable Consignment Fee” means a consignment fee set forth in Paragraph 2.5(c) hereof. 
 1.40. “Variable Rate
Consignment” means a consignment of Precious Metal by HSBC to the Company under the Consignment Facility bearing a Variable Consignment Fee. 
 To the extent not defined in this Agreement, unless the context otherwise requires, accounting and financial terms used in this Agreement shall have the meanings attributed to them by GAAP, and all other terms
contained in this Agreement shall have the meanings attributed to them by Article 9 of the Uniform Commercial Code in force in the State of New York, as of the date hereof to the extent the same are used or defined therein. 
 2. CONSIGNMENT FACILITY. 
 2.1. Consigned Precious
Metal; Title. 
 (a) Subject to the terms and conditions herein set forth and provided that no Event of Default has occurred and is then
continuing, on any Business Day during the period from the date hereof until the termination of this Agreement, the Company may from time to time request consignments of Precious Metal with an aggregate Value at any time not to exceed the
Consignment Limit, and HSBC shall provide consignments of Precious Metal to the Company on such terms as provided hereunder or as otherwise may be agreed in writing by HSBC and the Company. 
  

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 (b) The commodities to be consigned to the Company by HSBC under the Consignment Facility shall consist
of Precious Metal as defined herein. EXCEPT FOR THE FINENESS OF THE PRECIOUS METAL AS SPECIFIED HEREIN, HSBC MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, WITH RESPECT TO THE GOODS CONSIGNED OR TO BE SOLD HEREUNDER, WHETHER AS
TO MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR ANY OTHER MATTER, AND HSBC HEREBY DISCLAIMS ALL SUCH WARRANTIES. 
 (c) Title to
Consigned Precious Metal shall remain in HSBC until Metals Payment has been made for such Consigned Precious Metal, whereupon title to such purchased Consigned Precious Metal shall pass to the Company. Upon request by HSBC, the Company shall
authorize the filing of such financing statements and other documents as may be reasonably requested by HSBC to evidence HSBC’s interests as HSBC and secured party under the Uniform Commercial Code. 
 (d) The Company shall timely pay all license fees, assessments and sales, use, excise, property and other taxes now or hereafter imposed by any
governmental body or authority with respect to the possession, use, sale, transfer, consignment, delivery or ownership of the Consigned Precious Metal. 
 (e) HSBC shall not be liable for any delay in delivery or inability to deliver Precious Metal hereunder resulting directly or indirectly from any unavailability or scarcity of Precious Metal, foreign or domestic
embargoes, seizure, acts of God, insurrections, strikes, war, the adoption or enactment of any law, ordinance, regulation, ruling or order directly or indirectly interfering with the production, sale, consignment or delivery of Precious Metal
hereunder, lack of transportation, fire, flood, explosions or other accidents, events or contingencies beyond the reasonable control of HSBC. 
 (f) The Precious Metal consigned pursuant to the Consignment Facility and governed by this Agreement shall be such quantity and form of Precious Metal as HSBC may confirm to the Company from time to time. Precious Metal in the possession or
control of the Company, or Precious Metal held by a third party for the account of the Company, shall constitute Consigned Precious Metal notwithstanding that (i) such Precious Metal is in alloyed form or is contained in raw materials,
work-in-process or finished goods, (ii) such Precious Metal was delivered to, or credited to the account of, the Company, by a third party in exchange for or in consideration of Precious Metal delivered by HSBC to such third party,
(iii) such Precious Metal was sold by the Company to HSBC and then consigned back to the Company pursuant to this Agreement, (iv) such Precious Metal is demonstrably not the Precious Metal physically delivered by HSBC or its designee, or
(v) such Precious Metal is in the possession of or under the control of any person other than the Company, including any refiner, customer of the Company or bailee. 
 (g) Following the release or book entry delivery of Consigned Precious Metal to, or for the account of, the Company, the Company shall, as between HSBC and the Company, accept all risk of loss to the Consigned
Precious Metal in accordance with the provisions hereof until Metals Payments as hereinafter provided. 
  

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 2.2. Requests for Consignments. 
 (a) Requests for delivery of Precious Metal to be held for consignment hereunder shall be made by an Authorized Representative to an authorized officer of
HSBC by telephone of fax. Each request shall indicate: 
  

	 	(i)	the quantity and quality of the Precious Metal to be delivered; 

  

	 	(ii)	the date on which the delivery is requested to be made; 

  

	 	(iii)	the term of the consignment (up to three (3) months or any other terms which is mutually acceptable); and 

  

	 	(iv)	the specific entity and location to which delivery of Precious Metal is to be made (the “Consignment Request”). 

 (b) Upon acceptance by HSBC of a Consignment Request, it may elect to issue a written confirmation to the Company confirming the consignment of Precious
Metal to the Company in accordance with the terms of such Consignment Request or as otherwise indicated on the confirmation, which may state the Fixed Consignment Rate or Floating Consignment Rate to apply to such consignment. If HSBC elects to
issue a confirmation, the consignment rate and other information set forth in the same shall be binding on the parties. Notwithstanding HSBC’s acceptance of the terms of any Consignment Request, HSBC may condition its delivery and consignment
of Precious Metal to the Company on HSBC’s receipt, at an address provided from time to time by HSBC to the Company, of a corresponding confirmation signed by the Company and such other documentation as HSBC may deem necessary or appropriate.

 (c) Requests for Fixed Rate Consignments of Precious Metal shall be for not less than 10,000 fine troy ounces or integral multiples of
1,000 fine troy ounces in excess thereof. 
 (d) There shall be no minimum ounce requirements for requests for, and repayments of, Variable
Rate Consignments. 
 (e) There shall be no more than ten (10) Fixed Rate Consignments outstanding for Consigned Precious Metal at any
one time. 
 (f) Requests for any Variable Rate Consignments shall be delivered to HSBC no later than 12:00 noon (New York time) one
(1) Business Day prior to the proposed Drawdown Date. Each such notice shall specify (i) the amount and form of Precious Metal requested, (ii) the proposed Drawndown Date of such consignment, and (iii) whether such request is a
standing order. 
  

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 (g) Requests for any Fixed Rate Consignments shall be delivered to HSBC by 12:00 noon (New York time) two
(2) London Banking Days prior to the proposed Drawdown Date. Each such notice shall specify (i) the amount and form of Precious Metal requested, (ii) the proposed Drawdown Date of such consignment, and (iii) the Consignment
Period for such consignment. 
 (h) The Company irrevocably authorizes HSBC to make or cause to be made, at or about the time of the Drawdown
Date of any consignment of Precious Metal or at the time of receipt of any payment of purchase price for Consigned Precious Metal or any redelivery of Consigned Precious Metal, an appropriate notation on HSBC’s books and records reflecting the
making of such consignment of Precious Metal or (as the case may be) the receipt of such purchase price for Consigned Precious Metal, or any redelivery of Consigned Precious Metal. The amount of the Consignment Facility Indebtedness set forth in
HSBC’s books and records shall be prima facie evidence of the Consignment Facility Indebtedness owing and unpaid to HSBC, but the failure to record, or any error in so recording, any such amount on HSBC’s books and records
shall not limit or otherwise affect the obligations of the Company hereunder to make pay and perform its obligation under the Consignment Facility when due. 
 2.3. Deliveries 
 (a) For the purposes of this Agreement, “deliver” or ‘delivery’ shall mean either
(i) actual physical shipment of Precious Metal by a reputable carrier of HSBC’s choice, at the Company’s sole risk and expense, or (ii) crediting of the Precious Metal by one party to an account of the other party with the first
party or one or more third parties when no physical movement thereof is contemplated by the parties. 
 (b) If HSBC has agreed to make, or
have its designee make, a requested delivery of Precious Metal for consignment hereunder, HSBC will arrange for the delivery of the Precious Metal to a location acceptable to HSBC, or its designee, and the Company on the date agreed upon for
delivery by customary shipment means selected by HSBC or its designee (and reasonably acceptable to the Company). The Company shall bear all risk of loss, theft, destruction or damage to the Precious Metal requested to be delivered hereunder in all
circumstances. A delivery statement provided by HSBC or its designee setting out the quantity and quality of Precious Metal delivered shall accompany such delivery. Delivery shall take place F.O.B. HSBC’s or its desginee’s vault. All
charges incurred for transport, cartage, packaging, insurance or otherwise for the delivery of Precious Metal to the Company shall be for the account of the Company. 
 (c) All deliveries of Precious Metal to be made hereunder by the Company to HSBC will be made to a location directed by HSBC on the date agreed upon for delivery by a customary shipment means and a shipper selected by
the Company (and reasonably acceptable to HSBC). The Company shall bear the cost of such delivery in all circumstances, including without limitation in connection with a re-delivery of Precious Metal following an Event of Default, and the Company
shall bear the risk of loss or damage to such Precious Metal until delivery is made by it to HSBC. For the purpose of this Agreement, Precious Metal shall be deemed re-delivered to HSBC at such time and date that HSBC or its agents shall sign a
delivery receipt or other acknowledgement of safe delivery of the Precious Metal. 
  

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 (d) If upon receipt it is determined that Precious Metal delivered by a party hereunder are of a
different quantity and/or quality than set out in the delivery statement, the receiving party shall immediately give notice in writing of such discrepancy to the other. In that event the party that made delivery shall be entitled to conduct such
tests and make such examination of the Precious Metal as it considers necessary or desirable. If such tests or examinations determine that the Precious Metal delivered are of a different quantity and/or quality than was set out in the said delivery
statement, then HSBC or the Company, as the case may be, shall make the appropriate adjustments. 
 (e) The Company shall pay to HSBC a
market premium on all delivered or returned Precious Metal at rates quoted at the time of delivery by or return to HSBC based on prevailing market conditions and the form and quality of the particular Precious Metal delivered to or returned by the
Company. Any such market premium will be payable within five (5) Business Days of the date of delivery or return by debiting the Company’s Account. 
 (f) On the date hereof, the market premium referred to herein is $0.0175 per fine troy ounce for silver of 0.9999 fineness in 1,000 ounce bars. HSBC may from time to time and without prior notice increase or decrease
the market premium payable hereunder in response to market conditions. 
 2.4. Purchases and Sales of Precious Metal; Payment  
 (a) Provided that no Event of Default (or condition with which the passage of time and/or the giving of notice may become an Event of Default) has
occurred and is continuing, the Company may elect to purchase Consigned Precious Metal at any time by notifying HSBC of its intention to do so at a reasonable time before (which shall be not less than thirty (30) minutes) the fix at which such
Precious Metal is to be purchased. The Company shall make a Metals Payment within two (2) Business Days for all Consigned Precious Metal so purchased (but HSBC may permit the Company to pay prior to such time without premium or discount).

 (b) All Metals Payments shall be made without counterclaim or setoff and free and clear of, and without any deduction or withholding for,
any taxes or other payments. All Metals Payments shall be applied to the obligations of the Company of HSBC as it determines in its sole discretion. The Company hereby authorizes HSBC to charge the Company’s Account at any time and from time to
time for the purpose of making any Metals Payment which is at any time payable hereunder by the Company. 
 (c) Notwithstanding anything
contained herein to the contrary, the Company shall immediately make a Metals Payment for Consigned Precious Metal at the time the Consigned Precious Metal is lost or stolen. 
 (d) Provided that no Event of Default (or condition with which the passage of time and/or the giving of notice may become an Event of Default) has
occurred and is continuing, the Company may elect at any time, to sell Precious Metal by notifying HSBC of its intention to do so within a reasonable time before the fix at which such sale will occur. HSBC shall pay for such purchased Precious Metal
within two (2) Business Days of purchase by federal 
  

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 wire transfer, other customary form of cash payment acceptable to the parties or by credit to the Company’s account
at approved intermediaries. HSBC may make early payment if requested by the Company and practicable at such market discount for early payment as quoted from time to time by HSBC. HSBC’s purchase price shall be at the applicable Value for such
purchased Precious Metal less such market discounts as quoted from time to time by HSBC. The Company shall timely pay and hold HSBC harmless for all third party charges in connection with all such sales. Sales of Precious Metal by the Company shall
be of not less than 1,000 fine troy ounces. 
 (e) Notwithstanding anything contained herein to the contrary, the Company shall only be
permitted to make a physical delivery of Precious Metal in payment of the Obligations with the prior written consent of HSBC. Any such physical delivery of Precious Metal to HSBC shall be (i) to a vault designated by HSBC, (ii) at the
Company’s expense and risk, (iii) in a form acceptable to HSBC at a location acceptable to HSBC subject to such market discounts as may be provided in Paragraph 2.4(d), and (iv) credited to the Company’s account only upon
HSBC’s assaying the Value thereof. 
 2.5. Consignment Fees. 
 (a) During such time as Precious Metal is consigned to the Company hereunder and until the same is withdrawn from consignment and paid for in full by the
Company or returned as hereinafter provided, the Company shall pay to HSBC a fee as follows: (i) in the case of Variable Rate Consignments, the fee shall be computed daily as a percentage of the outstanding Value of such Consigned Precious
Metal on such day; and (ii) in the case of Fixed Rate Consignments, the fee shall be computed as a percentage of the outstanding Value of such Consigned Precious Metal on the first day of the applicable Consignment Period. Such fees shall be
accrued on a daily basis and shall be paid by debiting the Company’s Account as follows: (x) in the case of Variable Rate Consignments, consignment fees shall be paid monthly, on the fifth Business Day of each month; and (y) in the
case of Fixed Rate Consignments, consignment fees shall be paid on the last day of the Consignment Period with respect thereto. 
 (b) The
Company may elect to pay either a Variable Consignment Fee or, provided that no Event of Default has occurred and is then continuing, a Fixed Consignment Fee with respect to each consignment of Precious Metal under the Consignment Facility, subject
to the terms and conditions hereinafter set forth. Consignment fees shall be calculated on the basis of a 360-day year counting the actual number of days elapsed. 
 (c) Each Variable Consignment Fee shall be calculated for one Business Day commencing with the Drawdown Date and shall be set by HSBC each Business Day. The Variable Consignment Fee in effect on the date hereof is one
and one-half per cent (1  1/2 %) per annum and is subject to change each Business Day in accordance with the
terms hereof. 
 (d) Each Fixed Consignment Fee shall be calculated for a certain specific quantity and form of Precious Metal
consigned to the Company for a certain specific Consignment Period and shall be as quoted by HSBC to the Company. The quantity and form of Precious Metal and the Consignment Period shall be selected by the Company, subject to acceptance by HSBC.
Once the specific quantity and form of Precious Metal and the specific Consignment Period have been selected and the consignment fee determined, such selections 
  


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 shall be irrevocable and binding on the Company and shall obligate the Company to accept the consignment requested from
HSBC in the amount, in the form and for the Consignment Period specified. 
 (e) At such time as the Company requests the consignment and
delivery of Precious Metal under the Consignment Facility, it shall become obligated to pay to HSBC a market premium per fine troy ounce announced by HSBC at the time of such consignment. Such payment is to be make within five (5) Business Days
of the date of the invoice for the same. 
 2.6. Conversion Options. 
 (a) Subject to the provision hereof, the Company may elect from time to time to convert an outstanding Variable Rate Consignment to a Fixed Rate
Consignment and to convert an outstanding Fixed Rate Consignment to a Variable Rate Consignment, provided that (i) with respect to any such conversion of a Fixed Rate Consignment into a Variable Rate Consignment, such conversion shall
only be made on the last day of the Consignment Period with respect thereto; (ii) with respect to any such conversion of a Variable Rate Consignment to a Fixed Rate Consignment, the Company shall give HSBC at least two (2) London Banking
Days’ prior written notice of the day on which such election is effective; and (iii) no consignment may be converted into a Fixed Rate Consignment when there has occurred an Event of Default hereunder which is continuing at the time. The
Company shall give to HSBC notice sent by telecopier of its decision to convert an outstanding consignment. All or any part of outstanding consignments under the Consignment Facility may be converted as provided herein. Each such request shall be
irrevocable by the Company. 
 (b) Subject to the provisions hereof, Fixed Rate Consignments may be continued as such upon the expiration of
a Consignment Period with respect thereto by giving to HSBC notice by telecopier of the Company’s decision to continue an outstanding consignment as such at least two (2) London Banking Day’s prior to the day on which such election is
effective; provided that no Fixed Rate Consignment may be continued as such when there has occurred an Event of Default hereunder, but shall be automatically converted to a Variable Rate Consignment on the last day of the first Consignment
Period relating thereto ending during the continuance of such Event of Default. In the event that the Company does not notify HSBC of its election hereunder with respect to any consignment, such consignment shall be automatically converted to, or
continued as, a Variable Rate Consignment at the end of the applicable Consignment Period. 
 2.7. Illegality. 
 If (i) by reason of any Regulatory Change, HSBC determines that adequate and fair means do not or will not exist for determining Fixed Consignment
Fees, (ii) by reason of any Regulatory Change, HSBC becomes restricted in the amount which it may hold of a category of liabilities which includes liabilities which are determined in part by reference to the Fixed Rate Consignments or a
category of assets which includes obligations which are determined in part by reference to Fixed Rate Consignments, (iii) by reason of any Regulatory Change, it shall be unlawful for HSBC to maintain a Fixed Rate Consignment, (iii) in the
exclusive judgment of HSBC, Fixed Consignments Fees do not adequately reflect the cost to HSBC of making or 
  

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 maintaining the consignment of Precious Metal then, in any such case, any Fixed Rate Consignment shall be converted
automatically to Variable Rate Consignments. If HSBC determines that because of a change in circumstances Fixed Rate Consignments are again available to the Company hereunder, HSBC will so advise the Company, and the Company may convert the Variable
Rate Consignments to a Fixed Rate Consignment at any time (provided that Fixed Rate Consignments are otherwise available hereunder) by making such election in accordance with, and subject to the conditions hereof. The Company shall promptly pay
HSBC, any additional amounts necessary to compensate HSBC for any costs incurred by HSBC in making any conversion in accordance with this Paragraph, including any interest or fees payable by HSBC to lenders of funds obtained by them in order to make
or maintain their Fixed Rate Consignments hereunder. 
 2.8. Indemnity. 
 The Company shall indemnify HSBC and hold HSBC harmless from and against any loss, cost or expense (including loss of anticipated profits) that HSBC have
sustained or incurred as a consequence of (a) default by the Company in payment of any Fixed Rate Consignments as and when due and payable (including, without limitation, as a result of prepayment or late payment of the purchase price for the
Consigned Precious Metal or the acceleration of the Consignment Facility Indebtedness pursuant to the terms of this Agreement), which expenses shall include any such loss or expense arising from interest or fees payable by HSBC to lenders of funds
obtained by them in order to maintain their Fixed Rate Consignments; (b) default by the Company in taking a consignment or conversion after the Company had given (or is deemed to have given) its request therefore; and (c) the purchase of
Consigned Precious Metal bearing a Fixed Consignment Fee or the making of any conversion of any such consignment to a Variable Rate Consignment on a day that is not the last day of the applicable Consignment Period with respect thereto, including
interest or fees payable by HSBC to lenders of funds obtained by them in order to maintain any such consignments. 
 2.9. Maintenance of
Consignment Limits. 
 (a) If the Consignment Facility Indebtedness at any time exceeds the Consignment Limit, the Company shall promptly,
without further notice or demand by HSBC, either: 
  

	 	(i)	make payment to HSBC, as provided in Paragraph 2.4 hereof, for Consigned Precious Metal having an aggregate Value sufficient to result in the remaining Consignment Facility
Indebtedness being not more than the Consignment Limit, or 

  

	 	(ii)	deliver to HSBC, either loco London or through a recognized third party acceptable to HSBC, Consigned Precious Metal having an aggregate Value sufficient to result in the remaining
Consignment Facility Indebtedness being not more than the Consignment Limit. 

  

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 2.10. True Consignment; Grant of Security Interest. 
 (a) The parties hereto intend that this Agreement shall provide for a true consignment and that all transactions hereunder shall constitute true
consignments of the Consigned Precious Metal. 
 (b) As security for the prompt and unconditional payment and performance of any and all
Obligations, whether now existing or hereafter incurred, the Company hereby grants to HSBC a continuing lien upon the security interest in, and does hereby pledge, assign and transfer to HSBC, a continuing security interest in the Consigned Precious
Metal from time to time delivered hereunder by HSBC, whether now existing or hereafter arising. Nothing contained in the foregoing grant is intended to conflict with the true consignment nature of this Agreement with respect to the Consigned
Precious Metal. The foregoing grant is supplementary to, and not in replacement of, any other lien or security interest securing the Obligations. 
 2.11. Late Payments. 
 If the entire amount of any required purchase price payment or any other payment under the Consignment
Facility is not paid in full within ten (10) Business Days after the same is due, the Company shall pay to HSBC, the greater of (a) a late fee equal to five percent (5%) of the required payment, or (b) to the extent permitted by
law, late charges on the required payment not paid when due at a consignment fee equal to four percent (4%) in excess of the consignment fee that would otherwise be payable hereunder, from the date of delinquency until payment in full.

 2.12. Termination; Return of Consigned Precious Metal. 
 (a) HSBC may terminate the Consignment Facility at any time by sending thirty (30) days prior written notice thereof to the Company. ALL CONSIGNED
PRECIOUS METAL AND SUMS OUTSTANDING UNDER THE CONSIGNMENT FACILITY SHALL BE DUE AND PAYABLE UPON THE EARLIER OF (I) THE OCCURRENCE OF AN EVENT OF DEFAULT AND ACCELERATION OF THE OBLIGATIONS BY HSBC, OF (B) THIRTY (30) DAYS AFTER
DEMAND BY HSBC HEREUNDER. Upon giving of such notice or at any time thereafter, HSBC may, at its option, suspend or terminate its obligation to consign or deliver Precious Metal hereunder. 
 (b) The Company may terminate this Consignment Facility by giving thirty (30) days’ prior written notice of such termination to HSBC. Upon
receipt of such notice, HSBC may, in its sole discretion, continue to consign or deliver Precious Metal hereunder, provided, however, no consignment of Precious Metal shall have a Consignment Period later than thirty (30) days after receipt by
HSBC of the Company’s termination notice. ALL SUMS OUTSTANDING UNDER THIS CONSIGNMENT FACILITY WILL BE DUE AND PAYBALE THIRTY (30) DAYS AFTER RECEIPT OF WRITTEN NOTICE FROM THE COMPANY HEREUNDER. 
 (c) Upon termination of the Consignment Facility, HSBC may credit any amounts then held by it to reduce the Obligations in accordance with the provisions
hereof. Termination of the Consignment Facility shall not affect the Company’s duty to pay and perform its obligations to HSBC under the Consignment Facility in full. Notwithstanding termination, 
  

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 until all Obligations have been indefeasibly paid in full, HSBC shall retain the security granted under the Security
Documents and, except for those specific covenants and conditions dealing with the consigning of Precious Metal, all terms and conditions of this Agreement shall remain in full force and effect. 
 (d) Upon termination of the Consignment Facility for any reason, the Company shall immediately upon the effective date of termination (i) make
Metals Payment for all Consigned Precious Metal theretofore consigned but for which Metals Payment in full has not been made, the purchase price thereof to be determined in accordance with Paragraph 2.4 hereof; or (ii) deliver to HSBC, loco
London or through a recognized third party acceptable to HSBC, any Consigned Precious Metal theretofore consigned to but for which Metals Payment in full has not been made. 
 3. AUTHORIZED REPRESENTATIVES. 
 The Company shall deliver to HSBC a certificate or letter certifying
to HSBC the name(s) of all Authorized Representatives, in the form attached hereto as Exhibit A. HSBC may conclusively rely on such certificate or letter until it shall receive a further certificate from the Company in form acceptable to HSBC
canceling or amending the prior list of Authorized Representatives. Any person identifying himself or herself as an Authorized Representative of the Company shall have the right to effect transactions under the Consignment Facility and this
Agreement. HSBC shall have no responsibility or obligation to ascertain whether the person is in fact the Authorized Representative of the Company which he or she claims to be or is, in fact, authorized to effect the transaction. At its option, HSBC
may verify any telephonic or telegraphic request for a transaction by calling an Authorized Representative, and where more than one Authorized Representative is so authorized, by calling an Authorized Representative or other individual other than
the caller or the individual initiating the transaction. The Company authorizes HSBC at its option to record electronically all telephonic requests for transactions that HSBC may receive from the Company or any other person purporting to act on
behalf of the Company. 
 4. CONDITIONS. 
 4.1. Conditions to Consignment. 
 The obligation of HSBC to perform hereunder is subject to the following conditions
precedent: 
 (a) The representations and warranties set forth in Paragraph 6 hereof shall be true and correct on and as of the date hereof
and the date each consignment is requested and is to occur or be issued. 
 (b) The Company shall have executed and delivered to HSBC, or
shall have caused to be executed and delivered to HSBC in form and substance acceptable to HSBC, upon the execution of this Agreement, all agreements required by HSBC for the purpose of securing 
  

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 payment and performance of the Company’s obligations under this Agreement, together with any other documents
required by the terms hereof or thereof, including, without limitation: 
  

	 	(i)	the Guaranty Agreement; and 

  

	 	(ii)	the Letters of Credit. 

 (c) HSBC shall have received on
the date hereof (i) the favorable written opinion of counsel for the Company, dated the date hereof, satisfactory to HSBC and its counsel in scope and substance; and (ii) such other supporting documents and certificates as HSBC or its
special counsel may request. 
 (d) There shall have been no material adverse change in the Company’s or any Gurantor’s financial
condition or their financial or business prospects, from those represented in any financial statement or other information submitted to HSBC or upon which HSBC has relied. 
 (e) All legal matters incident to the transactions hereby contemplated shall be satisfactory to counsel for HSBC. 
 (f) No Event of Default as specified in Paragraph 8.1 hereof, nor any event which upon notice or lapse of time or both would constitute such an Event of
Default, shall have occurred and be continuing. 
 (g) All of the conditions of set forth in HSBC’s Proposal Letter shall have been
satisfied to HSBC’s satisfaction or waived by HSBC. 
 4.2. Company’s Confirmation. 
 The Company’s request to HSBC for the delivery of Precious Metal under the Consignment Facility shall be deemed to be a representation and warranty
to HSBC that the conditions specified in Paragraph 4 for such consignment have been satisfied. 
 5. SECURITY. 
 5.1. Security Documents and Guaranty Agreements. The Obligations of the Company under this Agreement shall be secured by, and entitled to the
benefits of, the Security Documents and shall be guaranteed by, and entitled to the benefits of, the Guaranty Agreements. 
 5.2. Letters
of Credit. The Obligations of the Company hereunder shall at all times be subject to its prior receipt and the continued effectiveness of the Letters of Credit, in form and substance satisfactory to HSBC, and in any case in an aggregate amount
such that the Consignment Facility Indebtedness is equal to not more than ninety percent (90%) percent of the aggregate undrawn stated amount of the Letters of Credit. The Letters of Credit shall by their terms be payable to HSBC upon
presentation of HSBC’s draft accompanied by a signed statement by HSBC, certifying that (a) the amount of the draft represents indebtedness owning to HSBC by the Company as reflected in HSBC’s books and records; and/or (b) the
amount of the draft represents 
  

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 indebtedness which has been paid but which payment, or portion thereof, was paid within ninety (90) days of a
petition filed by or against the Company under the Bankruptcy Code. In the event that HSBC shall determine that the financial institution issuing the Letters of Credit is no longer acceptable to HSBC in its sole discretion, the Company shall within
ninety (90) days of receipt of notice of such determination from HSBC, cause new Letters of Credit to be issued to HSBC in compliance with the terms of this paragraph by a financial institution acceptable to HSBC. HSBC may draw on the Letters
of Credit without either granting notice to or receiving the consent of Company. The foregoing provisions is without prejudice to the right of HSBC to declare an Event of Default under Paragraph 8.1 (p) hereof. 
 6. REPRESENTATIONS AND WARRANTIES. 
 As a material
inducement to HSBC, the Company hereby represents and warrants to HSBC (which representations and warranties shall survive the execution of this Agreement and the consignment of Precious Metal that: 
 6.1. Corporate Authority. The Company (a) is duly organized, validly existing and in good standing under the laws of its state of
incorporation, (b) has the requisite corporate power and authority to own its properties and to carry on business as now being conducted, and holds all material permits, authorizations and licenses, without material restrictions or limitations,
which are necessary for such ownership or business activity, (c) is qualified to do business in every jurisdiction where such qualification is necessary except where the failure to so qualify does not have a material adverse effect on the
business or operations of the Company taken as a whole, and (d) has the requisite corporate power to execute, deliver and perform this Agreement and the Security Documents to which the Company is a party. The Company has no reason to believe
that any such material permits, authorizations or licenses will be revoked, canceled, rescinded, modified or lost. 
 6.2. No
Conflict. The execution, delivery and performance by the Company of the terms and provisions of this Agreement and the Security Documents to which the Company is a party have been duly authorized by all requisite corporate action and will not
violate any provision of law, any order of any court or other agency of government, the corporate charter, articles of incorporation or by-laws of the Company or any indenture, agreement or other instrument to which the Company is a party, or by
which the Company is bound, or be in conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under, or, except as may be provided by this Agreement, result in the creation or imposition of any lien,
charge or encumbrance of any nature whatsoever upon any of the property or assets of the Company pursuant to, any such indenture, agreement or other instrument. 
 6.3. Litigation. There is no action, suit or proceeding at law or in equity or by or before any governmental instrumentality or other agency now pending or, to the knowledge of the Company, threatened, against
or affecting the Company or any of the Guarantors which, if adversely determined, would have a material adverse effect on the business, operations, properties, assets or condition, financial or otherwise, of the Company or such Guarantor.

  

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 6.4. Default. The Company is not in default in the performance, observance or fulfillment of any
of the obligations, covenants or conditions contained in any agreement or instrument to which it is a party. 
 6.5. Financing
Statements. No financing statement or agreement is on file in any public office pertaining to or affecting the Consigned Precious Metal, now owned or hereafter acquired, except for financing statements in favor of HSBC. 
 6.6. Assets. The Company has good title to all of its properties and assets, free and clear of all mortgages, security interests, restrictions,
liens and encumbrances of any kind, except for Permitted Liens. 
 6.7. Representations. No statement of fact made by or on behalf of
the Company in this Agreement or in any certificate or schedule furnished to HSBC pursuant hereto, contains any untrue statement of a material fact or omits to state any material fact necessary to make statements contained therein or herein not
misleading. There is no fact presently known to the Company which has not been disclosed to HSBC which materially affects adversely, nor as far as the Company can reasonably foresee, will materially affect adversely the property, business,
operations or condition (financial or otherwise) of the Company. 
 6.8. Taxes. The Company has filed all federal, state and local tax
returns required to be filed and has paid or made adequate provision for the payment of all federal, state and local taxes, charges and assessments. 
 6.9. Binding Obligations. This Agreement, the Security Documents to which the Company is a party, and all other agreements executed by the Company in connection herewith have been duly executed and delivered by
the Company and constitute legal, valid and binding obligations of the Company, enforceable in accordance with their respective terms, subject to bankruptcy, insolvency, reorganization and other similar laws of general application affecting the
rights of creditors generally. 
 6.10. No Event of Default. No Event of Default as defined in Paragraph 8.1 hereof, and no event
which, with the passage of time or the giving of notice, or both, would become such an Event of Default, has occurred and is continuing. 
 6.11. Financial Statements. The Company has furnished to HSBC financial statements for the business of the Company and the audited financial statements for the Company and the Guarantors which have been prepared in accordance with
GAAP on a basis consistent with that of preceding periods and which are complete and correct and fairly present the financial condition of the Company and the Guarantors as at said dates, and the results of their operations for the year or other
period ended on said date. Since the date of the Financial Statements, there has been no material adverse change in the financial condition of the Company or the Guarantors. 
  

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 6.12. Solvency. 
 (a) The fair salable value of the assets of the Company exceeds as of the date hereof and will, immediately following each consignment and delivery of Consigned Precious Metal and after giving effect to the
application of the proceeds of the Consignment Facility exceed the amount that will be required to be paid on or in respect of its existing debts and other liabilities (including contingent liabilities) as they mature. 
 (b) The assets of the Company do not as of the date hereof and will not, immediately following each consignment and delivery of Consigned Precious Metal
and after giving effect to the application of the proceeds thereof constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted. 
 (c) The Company does not intend to, or believe that it will, incur debts beyond its ability to pay such debts as they mature, taking into account the
timing of and amounts of cash to be received by the Company and the timing of and amounts of cash to be payable on or in respect of Indebtedness of the Company. 
 6.13. Not a Tax Shelter Transaction. The Company does not intend to treat the consignments of Precious Metal and related transactions as being a “reportable transaction” (within the meaning of
Treasury Regulations Section 1.6011-4). In the event the Company determines to take any action inconsistent with such intention, it will promptly notify HSBC thereof. 
 7. AFFIRMATIVE AND NEGATIVE COVENANTS. 
 From the date hereof and until (a) the Obligations have
been paid in full, (b) the Consignment Facility has been terminated, and (c) HSBC has no obligation to consign Precious Metal, the Company shall: 
 7.1. Licenses and Permits. Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its corporate existence, rights, licenses, permits and franchises and comply with all
laws and regulations applicable to the Company; at all times maintain, preserve and protect all franchises and trade names and preserve all the remainder of its property used or useful in the conduct of its business and keep the same in good repair,
working order and condition, and from time to time, make, or cause to be made, all needful and proper repairs, renewals, replacements, betterments and improvements thereto, so that the business carried on in connection therewith may be properly and
advantageously conducted at all times. 
 7.2. Compliance with Law. Comply with all applicable laws and regulations, whether now in
effect or hereafter enacted or promulgated by any governmental authority having jurisdiction in the premises. 
 7.3. Taxes, Etc. Certain
Rights of HSBC. Pay and discharge or cause to be paid and discharged all taxes, assessments and governmental charges or levies imposed upon it or upon its 
  

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 income and profits of upon any of its property, real, personal or mixed, or upon any part thereof, before the same shall
become in default, as well as all lawful claims for labor, materials and supplies or otherwise, which, if unpaid, might become a lien or charge upon such properties or any part thereof; provided that the Company shall not be required to pay
and discharge or cause to be paid and discharged any such tax, assessment, charge, levy or claim so long as the validity thereof shall be contested in good faith by appropriate proceedings and it shall have set aside on its books adequate reserves
with respect to any such tax, assessment, charge, levy or claim, so contested, and provided, further, that payment with respect to any such tax, assessment, charge, levy or claim shall be made before any of its property shall be seized
and sold in satisfaction thereof. 
 7.4. Financial Statements. Unless otherwise explicitly waived by HSBC in writing, furnish to
HSBC: 
 (a) one hundred twenty (120) days after the end of each Fiscal Year of the Sensata Technologies B.V., a consolidated balance
sheet of Sensata Technologies B.V. and its Subsidiaries as at the end of such Fiscal Year, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such Fiscal Year, setting forth in each case in
comparative from the figures for the previous Fiscal Year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of Ernst & Young LLP or any other independent certified public
accountant of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any
qualification or exception as to the scope of such audit; 
 (b) as soon as available, but in any event within seventy-five (75) days
after the end of each fiscal quarter of Sensata Technologies B.V., excluding the fourth fiscal quarter, a consolidated balance sheet of Sensata Technologies B.V. and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated
statements of income or operations, shareholders’ equity and cash flows for such fiscal quarter and for the portion of the Fiscal Year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter
of the previous Fiscal Year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by an duly authorized officer of the Sensata Technologies B.V. as fairly presenting in all material respects the financial
condition, results of operations, shareholders’ equity and cash flows of Sensata Technologies B.V. and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; and 
 (c) promptly, from time to time, such other information regarding its operations, assets, business, affairs and financial condition. 
 7.5. Inspections; Field Exams. Permit HSBC, by its respective employees, representatives and agents, from time to time during normal business
hours to (a) and without disruption to the Company’s normal business operations, inspect any of the Consigned Precious Metal and the books and financial records of the Company; (b) examine, audit and make extracts or copies of the
books of accounts and other financial records of the Company; (c) have access to its properties, facilities and its advisors, officers, directors and employees to discuss the affairs, 
  

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 finances and accounts of the Company; and (d) on forty-eight (48) hours’ notice conduct field exams of the
Company. If an Event of Default has occurred and is continuing, (i) the Company shall provide such access to HSBC at all times and without notice or limitations and (ii) the Company shall pay the costs and expenses of such field exams.

 7.6. Prompt Notification. Immediately advise HSBC of (a) any material adverse change in the Company’s assets, liabilities,
financial condition, business or prospects, or of the occurrence of any default or Event of Default; (b) any proceedings instituted against the Company or any of the Guarantors or any entity with whom the Company is in partnership by or in any
Federal or state court or before any commission or other regulatory body, Federal, state or local, which, if adversely determined, would have a materially adverse effect upon its business, operations, properties, assets, or condition, financial or
otherwise; (c) any occurrence of any loss, theft or destruction of or damage to any of the Company’s inventory of Precious Metal (including, for such purpose, any Consigned Precious Metal); (d) any change in the Company’s
principal office or any address where Consigned Precious Metal or Precious Metal inventory of the Company is located; and (e) any change in the Company’s fiscal year-end or the Company’s independent certified public accountants.

 (a) Liens. Not create, incur, assume or suffer to exist any mortgage, pledge, lien, charge, ownership interest, or other
encumbrance of any nature whatsoever on (i) any of the Consigned Precious Metal, whether or not such customers have prepaid orders for the Consigned Precious Metal, or (ii) any products or property now or hereafter owned which does or will
include Consigned Precious Metal, whether or not such customers have prepaid orders for the Consigned Precious Metal. 
 7.7. Corporate
Status. 
 (a) Comply with the covenants of that certain Credit Agreement dated as of April 27, 2006 among Sensata Technologies B.V.,
Sensata Technologies Finance Company, LLC, Sensata Technologies Intermediate Holding B.V., Morgan Stanley Senior Funding, Inc., as Administrative Agent, the Initial L/C Issuer and Initial Swing Line Lender Named therein, and the other Lenders party
thereto, as in effect on the date hereof. 
 (b) Not change its name or place of incorporation unless it has provided HSBC with thirty
(30) days’ prior written notice thereof. 
 7.8. Precious Metal. At all times maintain Precious Metal in its Inventory equal
to or greater than the Consigned Precious Metal and defend the Consigned Precious Metal against any claims and demands of any persons (other than HSBC) at any time claiming the same or any interest therein. 
 7.9. Financing Statements. Promptly authorize HSBC from time to time to file one or more financing statements pursuant to the Uniform Commercial
Code in form satisfactory to HSBC, and execute such other instruments in form suitable for recording or filing as may be reasonably required by HSBC hereunder. The expense for the preparation and recording of any such financing statements shall be
paid by the Company. 
  

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	8.	EVENTS OF DEFAULT AND ACCELERATION. 

 8.1. Events
of Default. NOTWITHSTANDING ANYTHING ELSE HEREIN, IN ANY TRANSACTION DOCUMENTS, OR OTHERWISE TO THE CONTRARY, THE COMPANY ACKNOWLEDGES AND AGREES THAT THE CONSIGNMENT INDEBTEDNESS AND ALL OTHER OBLIGATIONS HEREUNDER ARE AND SHALL BE DUE AND
PAYABLE THIRTY (30) DAYS AFTER DEMAND BY HSBC AND THAT AS A NECESSARY INDUCEMENT TO THE MAKING OF THE CONSIGNMENT FACILITY, THE COMPANY HAS AGREED THAT HSBC SHALL HAVE THE ABSOLUTE AND UNCONDITIONAL RIGHT, IN HSBC’S SOLE DISCRETION, TO
MAKE DEMAND OF ALL OR A PORTION OF THE CONSIGNMENT INDEBTEDNESS AT ANY TIME AND FROM TIME REGARDLESS OF WHETHER THE COMPANY IS IN COMPLIANCE WITH THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS, AND REGARDLESS OF WHETHER OR NOT THERE HAS OCCURRED
DEFAULT, A MATERIAL CHANGE, OR AN EVENT OF DEFAULT, OR ANY OTHER EVENT. THE LIST OF EVENTS THAT GIVE RISE TO AN EVENT OF DEFAULT HEREUNDER IS AN ILLUSTRATIVE LIST OF EVENTS THAT MAY GIVE RISE TO A DEMAND BY HSBC, BUT SUCH LIST IS NOT EXCLUSIVE AND
SHALL NOT BE DEEMED TO LIMIT OR RESTRICT HSBC’S UNFETTERED RIGHT TO MAKE DEMAND HEREUNDER. Without limitation of the foregoing, thirty (30) days after demand by HSBC or in each case of the occurrence of any one or more of the following
events (each of which is herein called an “Event of Default”): 
 (a) default in the payment or performance of any of the
Obligations; or 
 (b) any representation or warranty made herein or in any certificate, statement or agreement furnished by the Company in
connection with this Agreement shall prove to be false or misleading in any material respect; or 
 (c) default in the payment or performance
of any obligation or indebtedness of the Company or any Guarantor to HSBC, or any or any affiliate of HSBC, whether now or hereafter existing and howsoever arising, incurred or evidenced; or 
 (d) the Company or any Guarantor shall (i) make an assignment for the benefit of creditors; or (ii) file or suffer the filing of any voluntary
or involuntary petition under any chapter of the Bankruptcy Act by or against the Company or any Guarantor; or (iii) apply for or permit the appointment of a receiver, trustee or custodian of any of the property or business of the Company or
any Guarantor; or (iv) become insolvent to suffer the entry of an order for relief under Title II of the United States Code; or (v) make an admission of its inability to pay its debts as they become due; or 
 (e) the occurrence of any attachment on any of the Consigned Precious Metal or any Precious Metal owned by the Company; or 
 (f) the determination by HSBC in good faith that the Company or any Guarantor has suffered a material adverse change in their business or financial
condition; or 
  

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 (g) the occurrence of any event of default (after the expiration of any applicable grace period) under
any agreement now or at any time hereafter securing or guaranteeing performance of this Agreement or inuring to the benefit of HSBC in connection with this Agreement, including, without limitation, the Security Documents; or 
 (h) the occurrence of any loss, theft, destruction of or damage to any of the Consigned Precious Metal; or 
 (i) default with respect to any evidence of indebtedness, obligations or liabilities of the Company (including, but not limited to, consignment
agreements and any agreements between the Company and any parent, affiliate or subsidiary of HSBC), if the effect of such default is to accelerate the maturity of such indebtedness or to permit the holder thereof to cause such indebtedness to become
due prior to the stated maturity thereof, or if any indebtedness of the Company is not paid, when due and payable, whether at the due date thereof or by acceleration or otherwise; or 
 (j) discontinuance of the operation of the Company’s business for any reason; or 
 (k) any of the Guaranty Agreements shall be terminated, or for any reason any Guarantor shall terminate or seek to terminate or limit, by written or
verbal notice, its respective Guaranty Agreement or shall be in default of Guarantor’s own obligations to HSBC; or 
 (l) occurrence of
any event of default under any dollar loan or precious metal consignment or lease agreements entered into by the Company; pr 
 (m) the
Company shall fail to renew the Letters of Credit, or any extensions or replacements therefor, at least ninety (90) days prior to their respective expiration dates; 
 (n) the financial condition of the financial institution issuing the Letters of Credit bank is no longer acceptable to HSBC in its sole discretion; 
 then in any such event, thirty (30) days after demand by HSBC or immediately upon the occurrence of an Event of Default set forth in subparagraph (d) above, and at the option of HSBC in all other cases:
(i) the Company shall promptly return to HSBC all Consigned Precious Metal theretofore consigned to but not purchased and paid for by the Company to a location designated by HSBC as provided herein, and (ii) all the Company’s
obligations to HSBC under the Consignment Facility shall become immediately due and payable without presentment, demand or notice, all of which are hereby expressly waived, notwithstanding any credit or time allowed to the Company or any instrument
evidencing the Company’s obligations to HSBC. The Company shall, at HSBC’s request, immediately assemble all such collateral and Consigned Precious Metal, and HSBC may go upon the Company’s Premises to take immediate possession
thereof. 
 8.2. Waiver. No failure or delay on HSBC’s part to exercise or to enforce any of HSBC’s rights hereunder or
under any other instruments or agreement evidencing the Company’s obligations to HSBC or to require strict compliance with the terms hereof or thereof 
  

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 in any one or more instances and no course of conduct on HSBC’s part shall constitute or be deemed to constitute a
waiver or relinquishment of any such rights hereunder unless it shall have signed a waiver thereof in writing and no such waiver, unless expressly stated therein, shall be effective as to any transaction which occurs after the date of such waiver or
as to any continuance of a breach after such waiver. HSBC’s rights hereunder shall continue unimpaired notwithstanding any extension of time, compromise or other indulgence granted by HSBC, to the Company with respect to the Company’s
obligations to HSBC or any instrument given HSBC in connection therewith, and the Company hereby waives notice of any such extension, compromise or other indulgence and consent to be bound thereby as if it had expressly agreed thereto in advance.

 9. INDEMNIFICATION. 
 The Company
agrees to indemnify and hold harmless HSBC from and against any and all claims, actions and suits whether groundless or otherwise, and from and against any and all liabilities, losses, damages and expenses of every nature and character arising out
of this Agreement, the Security Documents, the Guaranty Agreements, or any other documents or agreements executed or delivered in connection herewith and any related documents or the transactions contemplated hereby other than to the extent that
such liability, claim, action, suit, loss, damages or expense is the result of gross negligence or willful misconduct of HSBC, or any of them, and excluding any of the foregoing which arise out of claims, actions, and suits brought by the Company,
the Guarantors or any of the Company’s affiliates including, without limitation, (a) any actual or proposed use by the Company of the proceeds of the Consignment Facility, (b) the Company or any of the Guarantors or any the
Company’s affiliates entering into or performing this Agreement or any of the other documents or agreements executed or delivered in connection herewith and any related documents, or (c) with respect to the Company and the Guarantors and
the Company’s affiliates and their respective properties and assets, in each case including, without limitation, the reasonable fees and disbursements of counsel and allocated costs of internal counsel incurred in connection with any such
investigation, litigation or other proceeding. In litigation, or the preparation therefor, HSBC shall be entitled to select its own counsel and, in addition to the foregoing indemnity, the Company agrees to pay promptly the reasonable fees and
expenses of such counsel. If, and to the extent that the obligations of the Company under this Paragraph are unenforceable for any reason, the Company hereby agrees to make the maximum contribution to the payment in satisfaction of such obligations
which is permissible under applicable law. The provisions of this Paragraph shall survive the repayment of the Obligations and the termination of the obligations of HSBC hereunder. 
 10. SETOFF. 
 The Company hereby grants to HSBC, a lien, security interest and right of set off as
security for all liabilities and obligations to HSBC, whether now existing or hereafter arising, upon and against all deposits, credits, collateral and property, now or hereafter in the possession, custody, safekeeping or control of HSBC, or in
transit to any of them. At any time, without demand or notice, HSBC may set off the same or any part thereof and apply the same to any liability or obligation of the Company even though unmatured and regardless of the adequacy of 
  

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 any other collateral securing the Obligations. ANY AND ALL RIGHTS TO REQUIRE HSBC TO EXERCISE ITS RIGHTS OR REMEDIES WITH
RESPECT TO ANY OTHER COLLATERAL WHICH SECURES THE OBLIGATIONS, PRIOR TO EXERCISING THEIR RIGHT OF SET OFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF THE COMPANY, ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED. 

11. ASSIGNMENTS. 
 11.1. Assignment by the
Company. 
 The rights of the Company under this Agreement may not be assigned to any third party without the prior written consent of
HSBC. All covenants and agreements of the Company contained herein shall bind the Company and its successors and assigns, and shall inure to the benefit of HSBC, its successors and assigns. 
 11.2. Assignments by HSBC. 
 HSBC may
assign to one or more assignees all or a portion of its rights and obligations under this Agreement. 
 12. EXPENSES. 
 The Company shall pay on demand all expenses of HSBC in connection with the preparation, administration, default, collection, waiver or amendment of loan
terms, or in connection with HSBC’s exercise, preservation or enforcement of any of its rights, remedies or options hereunder, including, without limitation, reasonable fees of outside legal counsel or the reasonable allocated costs of in-house
legal counsel, accounting, consulting, brokerage or other costs relating to any appraisals or examinations conducted in connection with the Consignment or any collateral therefor, and the amount of all such expenses shall, until paid, bear interest
at the rate applicable to principal hereunder (including any default rate) and be an obligation secured by any collateral. 
 13. GOVERNING LAW;
MISCELLANEOUS. 
 13.1. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State
of New York applicable to instruments made and to be performed wholly within that state. If any provision of this Agreement is held to be illegal or unenforceable for any reason whatsoever, such illegality or unenforceability shall not affect the
validity of any other provision hereof. 
 13.2. Arbitration. THE COMPANY AGREES THAT ANY ACTION, DISPUTE, PROCEEDING, CLAIM OR
CONTROVERSY BETWEEN THE COMPANY AND HSBC WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE (“DISPUTE” OR “DISPUTES”) SHALL, AT HSBC’S ELECTION, WHICH ELECTION MAY BE MADE AT ANY TIME PRIOR TO THE COMMENCEMENT OF A JUDICIAL
PROCEEDING BY 
  

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 HSBC, OR IN THE EVENT OF A JUDICIAL PROCEEDING INSTITUTED BY THE COMPANY AT ANY TIME PRIOR TO THE LAST DAY TO ANSWER
AND/OR RESPOND TO A SUMMONS AND/OR COMPLAINT MADE BY THE COMPANY, BE RESOLVED BY ARBITRATION IN ACCORDANCE WITH THE PROVISIONS OF THIS PARAGRAPH AND SHALL, AT THE ELECTION OF HSBC, INCLUDE ALL DISPUTES ARISING OUT OF OR IN CONNECTION WITH
(1) THIS AGREEMENT OR ANY RELATED AGREEMENTS, NOTES OR INSTRUMENTS, (2) ALL PAST, PRESENT AND FUTURE AGREEMENTS INVOLVING THE COMPANY AND HSBC, (3) ANY TRANSACTION RELATED TO THIS AGREEMENT AND ALL PAST, PRESENT AND FUTURE
TRANSACTIONS INVOLVING THE COMPANY, HSBC, AND (4) ANY ASPECT OF THE PAST, PRESENT OR FUTURE RELATIONSHIP OF THE COMPANY, HSBC. HSBC may elect to require arbitration of any Dispute with the Company without thereby being required to arbitrate all
Disputes between HSBC and the Company. Any such Dispute shall be resolved by binding arbitration in accordance with Article 75 of the New York Civil Practice Law and Rules and the Commercial Arbitration Rules of the American Arbitration Association
(“AAA”). In the event of any inconsistency between such Rules and these arbitration provisions, these provisions shall supersede such Rules. All statutes of limitations which would otherwise be applicable shall apply to any arbitration
proceeding under this Paragraph. In any arbitration proceeding subject to this Paragraph, the arbitration panel (the “arbitrator”) is specifically empowered to decide (by documents only, or with a hearing, at the arbitrator’s sole
discretion) pre-hearing motions which are substantially similar to pre-hearing motions to dismiss and motions for summary adjudication. In any such arbitration proceeding, the arbitrator shall not have the power or authority to award punitive
damages to any party. Judgment upon the award rendered may be entered in any court having jurisdiction. Whenever an arbitration is required, the parties shall select an arbitrator in the manner provided in this Paragraph. No provision of, nor the
exercise of any rights under, this Paragraph shall limit the right of HSBC (1) to foreclose against any real or personal property collateral through judicial foreclosure, by the exercise of the power of sale under a deed of trust, mortgage or
other security agreement or instrument, pursuant to applicable provisions of the Uniform Commercial Code, or otherwise herein pursuant to applicable law, (2) to exercise self-help remedies including but not limited to setoff and repossession,
or (3) to request and obtain from a court having jurisdiction before, during or after the pendency of any arbitration, provisional or ancillary remedies and relief including but not limited to injunctive or mandatory relief or the appointment
of a receiver. The institution and maintenance of an action or judicial proceeding for, or pursuit of, provisional or ancillary remedies or exercise of self-help remedies shall not constitute a waiver of the right of HSBC and, even if HSBC is the
plaintiff, to submit the Dispute to arbitration if HSBC would otherwise have such right. Whenever an arbitration is required under this Paragraph, the arbitrator shall be selected, except as otherwise herein provided, in accordance with the
Commercial Arbitration Rules of the AAA. A single arbitrator shall decide any claim of $l00,000 or less and he or she shall be an attorney with at least five years’ experience. Where the claim of any party exceeds $100,000, the Dispute shall be
decided by a majority of three arbitrators, at least two of whom shall be attorneys (at least one of whom shall have not less than five years’ experience representing commercial banks). The arbitrator shall have the power to award recovery of
all costs and fees (including attorneys’ fees, administrative fees, arbitrator’s fees, and court costs) to the prevailing party. In the event of any Dispute governed by this Paragraph, each of the parties shall, subject to the award of the
arbitrator, pay an equal share of the arbitrator’s fees. 
  

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 13.3. Personal Jurisdiction. THE COMPANY AGREES THAT ANY ACTION, SUIT OR PROCEEDING IN RESPECT OF
OR ARISING OUT OF THIS AGREEMENT MAY BE INITIATED AND PROSECUTED IN THE STATE OR FEDERAL COURTS, AS THE CASE MAY BE, LOCATED IN NEW YORK COUNTY, NEW YORK AND ANY ARBITRATION PROCEEDING PURSUANT HERETO SHALL BE CONDUCTED IN NEW YORK, NEW YORK. THE
COMPANY CONSENTS TO AND SUBMITS TO THE EXERCISE OF JURISDICTION OVER ITS PERSON BY ANY SUCH COURT HAVING JURISDICTION OVER THE SUBJECT MATTER, WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON IT AND CONSENTS THAT ALL SUCH SERVICE OF PROCESS BE
MADE BY REGISTERED MAIL DIRECTED TO THE COMPANY AT ITS ADDRESS SET FORTH BELOW OR TO ANY OTHER ADDRESS AS MAY APPEAR IN HSBC’S RECORDS AS THE ADDRESS OF THE COMPANY. THE COMPANY AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING
SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. 
 13.4.
Set-Off. IN ANY ACTION, SUIT OR PROCEEDING IN RESPECT OF OR ARISING OUT OF THIS AGREEMENT, THE COMPANY WAIVES (I) THE RIGHT TO INTERPOSE ANY SET-OFF OR COUNTERCLAIM OF ANY NATURE OR DESCRIPTION, (II) ANY OBJECTION BASED ON FORUM NON
CONVENIENS OR VENUE AND (III) ANY CLAIM FOR CONSEQUENTIAL, PUNITIVE OR SPECIAL DAMAGES. 
 13.5. Waiver of Jury. THE COMPANY AND HSBC
MUTUALLY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM BASED HEREON, ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER TRANSACTION DOCUMENTS CONTEMPLATED TO BE
EXECUTED IN CONNECTION HEREWITH OR ANY COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PART, INCLUDING, WITHOUT LIMITATION, ANY COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS OR ACTIONS OF HSBC
RELATING TO THE ADMINISTRATION OF THIS TRANSACTION AND THE TRANSACTION DOCUMENTS, AND AGREE THAT NEITHER PARTY WILL SEEK TO CONSOLIDATE ANY SUCH ACTION WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. EXCEPT AS
PROHIBITED BY LAW, THE COMPANY HEREBY WAIVES ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES OTHER THAN, OR TN ADDITION TO, ACTUAL DAMAGES. THE COMPANY CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF HSBC HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT HSBC WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER. THIS WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR HSBC TO ACCEPT THIS
AGREEMENT AND EXTEND THE CREDIT FACILITIES HEREUNDER. 
  

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 13.6. Usury. All agreements between the Company and HSBC are hereby expressly limited so that in
no contingency or event whatsoever, whether by reason of acceleration of maturity of the indebtedness evidenced hereby or otherwise, shall the amount paid or agreed to be paid to HSBC for the use or the forbearance of the indebtedness evidenced
hereby exceed the maximum permissible under applicable law. As used herein, the term “applicable law” shall mean the law in effect as of the date hereof provided, however that in the event there is a change in the law which results in a
higher permissible rate of interest, then this Agreement shall be governed by such new law as of its effective date. In this regard, it is expressly agreed that it is the intent of the Company and HSBC in the execution, delivery and acceptance of
this Agreement to contract in strict compliance with the laws of the State of New York from time to time in effect. If, under or from any circumstances whatsoever, fulfillment of any provision hereof or of any of the Consignment documents or the
Security Documents at the time of performance of such provision shall be due, shall involve transcending the limit of such validity prescribed by applicable law, then the obligation to be fulfilled shall automatically be reduced to the limits of
such validity, and if under or from circumstances whatsoever HSBC should ever receive as interest and amount which would exceed the highest lawful rate, such amount which would be excessive interest shall be applied to the reduction of the principal
balance evidenced hereby and not to the payment of interest. This provision shall control every other provision of all agreements between the Company and HSBC. 
 13.7. Additional Costs (Metals Cost). If, at any time, any Regulatory Change: (i) shall subject HSBC to any tax, duty or other charge with respect to this Agreement, except an income tax, based upon the
charging and collecting of interest hereunder by or at a rate calculated by reference to Metals Cost Rate, shall change the basis of taxation or payments to HSBC of the principal of or interest on the Obligations (ii) shall result in the
imposition, modification or deemed applicability of any reserve, special deposit or similar requirements against assets of, deposits with or for the account of, or credit extended by, HSBC; or (iii) shall, because of the existence of this
Agreement, affect the amount of capital required or expected to be maintained by HSBC, or any corporation controlling HSBC, upon demand then, by HSBC, the Company agrees to pay to HSBC such additional amount or amounts as will compensate HSBC for
such increased cost or reduction. Such payments shall be made on the first date for payment of interest hereunder following the date of the demand by HSBC and on each such payment date thereafter or shall be paid promptly on demand if the Company is
not advised of the amount of such payment prior to any such payment date. Determinations by HSBC for purposes of this Paragraph of the effect of any Regulatory Change on its costs of making or maintaining the consignment and of the additional
amounts required to compensate HSBC in respect thereof, shall be conclusive absent manifest error in calculation, provided that such determinations are made in good faith. 
 13.8. Certificate. A certificate setting forth any additional amounts payable pursuant to Paragraphs 13.6 and 13.7 and a brief explanation of such
amounts which are due, submitted by HSBC to the Company, shall be prima facie evidence that such amounts are due and owing. 
 13.9.
Survival of Representations and Covenants. This Agreement and all covenants, agreements, representations and warranties made herein and in the certificates delivered pursuant hereto, shall survive the consigning of Consigned Precious Metal by
HSBC to the Company and the execution and delivery to HSBC of this Agreement, and shall continue in full force and effect 
  

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 so long as any indebtedness or obligation of the Company to HSBC is outstanding and unpaid. Whenever in this Agreement
any of the parties hereto is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements contained in this Agreement by or on behalf of the Company shall inure to the
benefit of the successors and assigns of HSBC. 
 13.10. Notices. All notices and other communications hereunder shall be in writing,
except as otherwise provided in this Agreement; and shall be sent by any one of the following: certified mail, return receipt requested; overnight courier; confirmed telecopier; or by hand and shall be addressed (a) if to the Company, to the
Company at the Company’s Address and (b) if to HSBC, to HSBC at HSBC’s address. Notices shall be deemed effective two (2) days after deposit in the mail, if sent by certified mail; the next Business Day, if sent by overnight
courier; upon confirmation, if sent by confirmed telecopier; and upon delivery, if sent by hand. The address of any party hereto for such demands, notices and other communications may be changed by giving notice in writing at any time to the other
party hereto. 
 13.11 Amendments. This Agreement is intended by the parties as the final, complete and exclusive statement of the
transactions evidenced by this Agreement. All prior or contemporaneous promises, agreements sand understandings, whether oral or written, are deemed to be superseded by this Agreement, and no party is relying on any promise, agreement or
understanding not set forth in this Agreement. No modification or waiver of any provision of this Agreement, nor consent to any departure by the Company therefrom, shall in any event be effective unless the same shall be in writing, and then such
waiver or consent shall be effective only in the specific instance, and for the purpose, for which given. No notice to, or demand, on the Company, in any case, shall entitle the Company to any other or future notice or demand in the same, similar or
other circumstances. 
 13.12. Waiver. Neither any failure or any delay on the part of HSBC in exercising any right, power or
privilege hereunder or under any other instrument given as security therefor, shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or future exercise, or the exercise of any right, power or privilege.

 13.13. Following Business Day Convention. All payments hereunder shall be adjusted in accordance with the Following Business Day
Convention’ so that if any payment hereunder becomes due on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day (subject to the definition of Consignment Period), and such
extension of time shall be included in computing interest and fees in connection with such payment. 
 *The next page is a signature page*

  

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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

  

							
	WITNESS:	 		 	SENSATA TECHNOLOGIES, INC.
				
	 [ILLEGIBLE]
	 		 	By:	 	 [ILLEGIBLE]

		 		 	Title:	 	CFO
			
	WITNESS:	 		 	HSBC BANK USA, NATIONAL ASSOCIATION
				
	  
	 		 	By:	 	  

		 		 	Title:	 	

  

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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

  

							
	WITNESS:	 		 	SENSATA TECHNOLOGIES, INC.
				
	  
	 		 	By:	 	  

		 		 	Title:	 	
			
	WITNESS:	 		 	HSBC BANK USA, NATIONAL ASSOCIATION
				
	  
	 		 	By:	 	  

		 		 	Title:	 	

  

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 EXHIBIT A 
 529 Pleasant Street 
 Attleboro, Massachusetts 02703 
                           , 2006 
  

	To:	HSBC Bank USA, National Association 

 452 Fifth Avenue

 New York, New York 10018 
 Dear Sir or Madam:

 In accordance with that certain Consignment Agreement dated the date hereof by and between the undersigned and HSBC Bank USA, National
Association (“HSBC”), the undersigned hereby designate the following persons as Authorized Representatives who are authorized by and on behalf of the undersigned to transact consignment transactions with HSBC under the Consignment
Facility, to effect purchase and sale transactions with HSBC (either as purchaser or seller) under the Consignment Facility, to direct HSBC to ship or transfer Precious Metal under the Consignment Facility, to authorize payment of Precious Metal
obligations under the Consignment Facility by means of debiting the undersigned’s account(s) with HSBC, to settle purchase transactions under the Consignment Facility and generally to bind the undersigned in any and all transactions by and
between HSBC and the undersigned under the Consignment Facility: 
  

			
	Name	  	Title
		  	President
		  	Vice President
		  	Secretary, Treasurer

 HSBC is hereby authorized to rely on this authorization until HSBC receives further written notice canceling or
amending the foregoing. 
  

			
	Very truly yours,
	
	SENSATA TECHNOLOGIES, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	


  







 EXHIBIT B 
 Permitted Liens 
 Liens in favor of Morgan Stanley & Co. Incorporated, as Collateral Agent








 EXHIBIT C 
 LETTER OF CREDIT 
 NAME AND ADDRESS OF OPENING BANK 
 PLEASE NOTE: ISSUING BANK SHOULD TRANSCRIBE THIS FORMAT ONTO BANK STATIONARY WHEN ISSUING A LETTER OR CREDIT. DO NOT TYPE ON THIS FORM!! THIS IS A SAMPLE FORMAT ONLY.

 IRREVOCABLE STANDBY LETTER OR CREDIT 
 HSBC
Bank USA, National Association 
 452 Fifth Avenue 
 New York, New
York 10018 
 Irrevocable Standby Letter of Credit No.
                     
 Gentlemen: 
 We hereby establish our Irrevocable Standby Letter of Credit No.              in your favor, for
account of                              (Name of Customer) (hereinafter “Applicant”) to the
extent of US $                      available by your sight draft(s) drawn on us, accompanied by any one or both of the following signed
statements by you: 
 a) The amount of the draft represents indebtedness owing to you by the Applicant as reflected on our books and records;
and/or 
 b) The amount of the draft represents indebtedness which has been paid but which payment, or a portion thereof, was paid within
ninety (90) days of a petition tiled by or against Applicant under the Bankruptcy Code. 
 All draft under this Letter of Credit must be
marked “Drawn under              Letter of Credit No.              dated
                    .” 
 This Letter of Credit may be transferred by you in whole or in part provided that you deliver to us your written notice of transfer of this credit in the form attached hereto to Exhibit
             
 We hereby engage with you that drafts drawn under and in
compliance with the terms of this Letter of Credit will be duly honored if drawn and negotiated on or before
                         (hereinafter ‘Expiration Date”). 
 Partial drawings and partial shipments are permitted. 







 Notwithstanding the Expiration Date, if you receive payment from Applicant on or before the Expiration
Date and within 90 days immediately preceding the filing of petition under the Bankruptcy Code by or against Applicant, then in that event our obligation under this letter of credit shall be extended (or be reinstated) and the Expiration Date shall
be extended for a period of one hundred and twenty (120) days beyond the date of the filing of such petition and our obligations to you hereunder shall remain in full force and effect during such additional period. 
 This Letter of Credit is subject to the Uniform Customs and Practice of Documentary Credits, 1993 Revisions, International Chamber of Commerce
Publication No. 500. 
  

			
	(NAME OF OPENING BANK)
		
	 By:
	 	  

		 	 Authorized Signature

	 Name:
	 	  

	 Title: