EX-10.55



 Exhibit 10.55 

May 10, 2013 
 The Coast
Distribution System, Inc. 
 350 Woodview Avenue 
 Morgan Hill, California 95037 
  

	Re:	Fifteenth Amendment 

 Ladies and Gentlemen:

 The Coast Distribution System, Inc., a Delaware corporation (“Coast Delaware”), United Sales &
Warehouse of Texas, Inc., a Texas corporation (“United Sales”), C/P Products Corp., an Indiana corporation (“C/P”), Mohawk Trailer Supply, Inc., a New York corporation (“Mohawk”), and Les Systemes
De Distribution Coast (Canada) Inc. The Coast Distribution System (Canada) Inc., a corporation organized under the laws of the Province of Quebec (“Coast Canada”) (Coast Delaware, United Sales, C/P, Mohawk, and Coast Canada are
referred to individually as “Borrower” and collectively as “Borrowers”), and Bank of America, N.A. (in its individual capacity, “US Lender”), acting by and through Bank of America, N.A., a national
banking association, as agent for US Lender (in such capacity, “Agent”) and Bank of America, N.A. (acting through its Canada branch) (“Canadian Lender”), (US Lender, acting through Agent, and Canadian Lender are
referred to collectively as “Lender”), have entered into that certain Third Amended and Restated Loan and Security Agreement dated August 30, 2005 (the “Security Agreement”). From time to time thereafter,
Borrowers and Lender may have executed various amendments (each an “Amendment” and collectively the “Amendments”) to the Security Agreement (the Security Agreement and the Amendments hereinafter are referred to,
collectively, as the “Agreement”). Borrowers and Lender now desire to further amend the Agreement as provided herein, subject to the terms and conditions hereinafter set forth. 

NOW, THEREFORE, in consideration of the foregoing recitals, the mutual covenants and agreements set forth herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1. The Agreement hereby is amended as follows: 
 (a) Subsection 4(c)(v) is hereby
amended and restated in its entirety as follows: 
 (c)(v) Amendment Fee. Borrowers shall pay to Lender a one-time
fee of Ten Thousand and No/100 Dollars ($10,000.00), which shall be fully earned and payable on the date hereof. 







 (b) Subsection 14(a) of the Agreement is hereby amended and restated in its entirety as
follows: 
 (a) Fixed Charge Coverage Ratio. 

Borrowers shall not permit their Fixed Charge Coverage Ratio for each period set forth below to be less than the ratio set forth below for
the corresponding period set forth below (it being understood that the Fixed Charge Coverage Ratio is not being measured for the fiscal quarter ending December 31, 2012): 

 

					
	 Period
	  	Ratio	 
	 For the 12 month period ending on September 30, 2013 and for each twelve (12) month period ending on the last day of each
fiscal quarter thereafter.
	  	 	1.10:1.0	  

 (c) Subsection 14 is hereby amended to add the following at the end thereof: 

(d) Pre Tax Profit 
 Borrowers shall maintain, on a consolidated basis, a Pre-Tax Profit of at least $1.00 for the six (6) month period ending June 30, 2013. 

2. Borrowers represent and warrant to Lender that this Amendment has been approved by all necessary corporate action, and each individual
signing below represents and warrants that he or she is fully authorized to do so. 
 3. Except as expressly amended hereby and
by any other supplemental documents or instruments executed by either party hereto in order to effectuate the transactions contemplated by this Amendment, the Agreement and all Exhibits thereto are ratified and confirmed by Borrowers and Lender and
remain in full force and effect in accordance with their terms. 
 4. This Amendment may be executed in any number of
counterparts, each of which shall be an original, but all of which, taken together, shall constitute one and the same agreement. This Amendment may be delivered by facsimile, and when so delivered will have the same force and effect as delivery of
an original signature. 
 5. Borrowers shall reimburse Lender for all reasonable attorney’s fees (whether for internal or
outside counsel) incurred by Lender in connection with the documentation and consummation of this Fifteenth Amendment to the Agreement. 
 (Remainder of page intentionally blank; signatures follow) 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their proper and duly authorized officers as of the date first set forth above. 
  

			
	LENDER:
	
	BANK OF AMERICA, N.A., as Agent
		
	By:	 	  /s/ JOHN W. MUNDSTOCK

	Title: Senior Vice President
	
	BANK OF AMERICA, N.A., as US Lender
		
	By:	 	  /s/ JOHN W. MUNDSTOCK

	Title: Senior Vice President
	
	BANK OF AMERICA, N.A., acting through its Canada branch, as Canadian Lender
		
	By:	 	  /s/ MEDINA SALES De ANDRADE

	Title: Vice President



  
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	BORROWERS:
	
	THE COAST DISTRIBUTION SYSTEM, INC.
		
	By:	 	  /s/ SANDRA A. KNELL

	Title: Executive Vice President & Chief Financial Officer
	
	UNITED SALES & WAREHOUSE OF TEXAS, INC.
		
	By:	 	  /s/ SANDRA A. KNELL

	Title: Executive Vice President & Chief Financial Officer
	
	C/P PRODUCTS, CORP.
		
	By:	 	  /s/ SANDRA A. KNELL

	Title: Executive Vice President & Chief Financial Officer
	
	MOHAWK TRAILER SUPPLY, INC.
		
	By:	 	  /s/ SANDRA A. KNELL

	Title: Executive Vice President & Chief Financial Officer
	
	LES SYSTEMES DE DISTRIBUTION COAST (CANADA) INC. THE COAST DISTRIBUTION SYSTEM (CANADA) INC.
		
	By:	 	  /s/ SANDRA A. KNELL

	Title: Executive Vice President & Chief Financial Officer



  
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 GUARANTOR’S ACKNOWLEDGMENT 

The undersigned guarantor acknowledges that Bank of America, N.A., (in its individual capacity, “US Lender”), acting by and through Bank of
America, N.A., as agent for US Lender (in such capacity, “Agent”) and Bank of America, N.A. (acting through its Canada branch), (“Canadian Lender”) (US Lender, acting through Agent, and Canadian Lender are referred to
collectively as “Lender”) have no obligation to provide it with notice of, or to obtain its consent to, the terms of the foregoing Thirteenth Amendment (the “Thirteenth Amendment”) to the Third Amended and Restated Loan and
Security Agreement dated August 30, 2005, as amended, modified or supplemented from time to time. The undersigned guarantor nevertheless: (i) acknowledges and agrees to the terms and conditions of the Thirteenth Amendment; and
(ii) acknowledges that its guaranty remains fully valid, binding, and enforceable. 
  

			
	9002-1288 QUEBEC INC.
		
	By:	 	  /s/ SANDRA A. KNELL

		 	Sandra A. Knell
	Title: Executive Vice President & Chief Financial Officer