Document:

EXHIBIT 4.1

                         REGISTRATION RIGHTS AGREEMENT

This Registration Rights Agreement ("Agreement") is entered into as of the 19th
day of October, 2007, by and among GREATER CHINA ACQUISITION CORP., a Delaware
corporation (the "Company"), and the undersigned parties listed under Investor
on the signature page hereto (each, an "Investor" and collectively, the
"Investors").

The Investors currently hold all (31,340,000 shares of common stock, par value
$.0001 per share) of the issued and outstanding securities of the Company; and

The Investors and the Company desire to enter into this Agreement to provide
the Investors with certain rights relating to the registration of shares of
Common Stock (as defined below) held by them.

NOW, THEREFORE, in consideration of the mutual covenants and agreements set
forth herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

1.    DEFINITIONS. The following capitalized terms used herein have the
following meanings:

"Agreement" means this Agreement, as amended, restated, supplemented, or
otherwise modified from time to time.

"Commission" means the U.S. Securities and Exchange Commission, or any other
federal agency then administering the Securities Act or the Exchange Act.

"Common Stock" means the common stock, par value $0.0001 per share, of the
Company.

"Company" is defined in the preamble to this Agreement.

"Demand Registration" is defined in Section 2.1.1.

"Demanding Holder" is defined in Section 2.1.1.

"Exchange Act" means the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the Commission promulgated thereunder, all as the same
shall be in effect at the time.

"Form S-3" is defined in Section 2.3.

"Indemnified Party" is defined in Section 4.3.

"Indemnifying Party" is defined in Section 4.3.

"Investor" is defined in the preamble to this Agreement.

"Investor Indemnified Party" is defined in Section 4.1.

"IPO" is defined as the Company's initial public offering (if any) of its
securities pursuant to a Registration Statement on Form SB-2, as amended.

"Maximum Number of Shares" is defined in Section 2.1.4.

"Notices" is defined in Section 6.3.

"Piggy-Back Registration" is defined in Section 2.2.1.

"Prospectus" means the Company's prospectus relating to the IPO.

"Register," "registered" and "registration" mean a registration effected by
preparing and filing a registration statement or similar document in compliance
with the requirements of the Securities Act, and the applicable rules and
regulations promulgated thereunder, and such registration statement becoming
effective.

"Registrable Securities" means all of the shares of Common Stock held by
Investors. Registrable Securities includes shares of capital stock or other
securities of the Company issued as a dividend or other distribution with
respect to or in exchange for or in replacement of such shares of Common Stock.
As to any particular Registrable Securities, such securities shall cease to be
Registrable Securities when: (a) a Registration Statement with respect to the
sale of such securities shall have become effective under the Securities Act
and such securities shall have been sold, transferred, disposed of or exchanged
in accordance with such Registration Statement; (b) such securities shall have

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been otherwise transferred, new certificates for them not bearing a legend
restricting further transfer shall have been delivered by the Company and
subsequent public distribution of them shall not require registration under the
Securities Act; (c) such securities shall have ceased to be outstanding; or (d)
the Securities and Exchange Commission makes a definitive determination to the
Company that the Registrable Securities are salable under Rule 144(k).

"Registration Statement" means a registration statement filed by the Company
with the Commission in compliance with the Securities Act and the rules and
regulations promulgated thereunder for a public offering and sale of Common
Stock (other than a registration statement on Form S-4 or Form S-8, or its
successor, or any registration statement covering only securities proposed to
be issued in exchange for securities or assets of another entity).

"Release Date" means the date upon which the Company consummates a "business
combination" with a "target business."

"Securities Act" means the Securities Act of 1933, as amended, and the rules
and regulations of the Commission promulgated thereunder, all as the same shall
be in effect at the time.

"Underwriter" means a securities dealer who purchases any Registrable
Securities as principal in an underwritten offering and not as part of such
dealer's market-making activities.

2.    REGISTRATION RIGHTS.

2.1 Demand Registration.

2.1.1 Request for Registration. At any time and from time to time on or after
the Release Date, the holders of a majority-in-interest of the Registrable
Securities held by the Investors (other than the transferees of the Investors),
may make a written demand for registration under the Securities Act of all or
part of their Registrable Securities (a "Demand Registration"). Any demand for
a Demand Registration shall specify the number of shares of Registrable
Securities proposed to be sold and the intended method(s) of distribution
thereof. The Company will notify all holders of Registrable Securities of the
demand, and each holder of Registrable Securities who wishes to include all or
a portion of such holder's Registrable Securities in the Demand Registration
(each such holder including shares of Registrable Securities in such
registration, a "Demanding Holder") shall so notify the Company within fifteen
(15) days after the receipt by the holder of the notice from the Company. Upon
any such request, the Demanding Holders shall be entitled to have their
Registrable Securities included in the Demand Registration, subject to Section
2.1.4 and the provisions set forth in Section 3.1.1. The Company shall not be
obligated to effect more than an aggregate of two (2) Demand Registrations
under this Section 2.1.1 in respect of Registrable Securities.

2.1.2 Effective Registration. A registration will not count as a Demand
Registration until the Registration Statement filed with the Commission with
respect to such Demand Registration has been declared effective and the Company
has complied with all of its obligations under this Agreement with respect
thereto; provided, however, that if, after such Registration Statement has been
declared effective, the offering of Registrable Securities pursuant to a Demand
Registration is interfered with by any stop order or injunction of the
Commission or any other governmental agency or court, the Registration
Statement with respect to such Demand Registration will be deemed not to have
been declared effective, unless and until, (i) such stop order or injunction is
removed, rescinded or otherwise terminated, and (ii) a majority-in-interest of
the Demanding Holders thereafter elect to continue the offering; provided,
further, that the Company shall not be obligated to file a second Registration
Statement until a Registration Statement that has been filed is counted as a
Demand Registration or is terminated.

2.1.3 Underwritten Offering. If a majority-in-interest of the Demanding Holders
so elect and such holders so advise the Company as part of their written demand
for a Demand Registration, the offering of such Registrable Securities pursuant
to such Demand Registration shall be in the form of an underwritten offering.
In such event, the right of any holder to include its Registrable Securities in
such registration shall be conditioned upon such holder's participation in such
underwriting and the inclusion of such holder's Registrable Securities in the
underwriting to the extent provided herein. All Demanding Holders proposing to
distribute their securities through such underwriting shall enter into an
underwriting agreement in customary form with the Underwriter or Underwriters
selected for such underwriting by a majority-in-interest of the holders
initiating the Demand Registration.

2.1.4 Reduction of Offering. If the managing Underwriter or Underwriters for a
Demand Registration that is to be an underwritten offering advises the Company
and the Demanding Holders in writing that the dollar amount or number of shares
of Registrable Securities which the Demanding Holders desire to sell, taken
together with all other shares of Common Stock or other securities which the
Company desires to sell and the shares of Common Stock, if any, as to which
registration has been requested pursuant to written contractual piggy-back
registration rights held by other stockholders of the Company who desire to
sell, exceeds the maximum dollar amount or maximum number of shares that can be
sold in such offering without adversely affecting the proposed offering price,
the timing, the distribution method, or the probability of success of such
offering (such maximum dollar amount or maximum number of shares, as
applicable, the "Maximum Number of Shares"), then the Company shall include in
such registration: (i) first, the Registrable Securities as to which Demand
Registration has been requested by the Demanding Holders (pro rata in
accordance with the number of shares of Registrable Securities which such
Demanding Holder has requested be included in such registration, regardless of
the number of shares of Registrable Securities held by each Demanding Holder)
that can be sold without exceeding the Maximum Number of Shares; (ii) second,
to the extent that the Maximum Number of Shares has not been reached under the

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foregoing clause (i), the shares of Common Stock or other securities that the
Company desires to sell that can be sold without exceeding the Maximum Number
of Shares; (iii) third, to the extent that the Maximum Number of Shares has not
been reached under the foregoing clauses (i) and (ii), the shares of Common
Stock for the account of other persons that the Company is obligated to
register pursuant to written contractual arrangements with such persons and
that can be sold without exceeding the Maximum Number of Shares; and (v)
fourth, to the extent that the Maximum Number of Shares have not been reached
under the foregoing clauses (i), (ii), and (iii), the shares of Common Stock
that other stockholders desire to sell that can be sold without exceeding the
Maximum Number of Shares.

2.1.5 Withdrawal. If a majority-in-interest of the Demanding Holders disapprove
of the terms of any underwriting or are not entitled to include all of their
Registrable Securities in any offering, such majority-in-interest of the
Demanding Holders may elect to withdraw from such offering by giving written
notice to the Company and the Underwriter or Underwriters of their request to
withdraw prior to the effectiveness of the Registration Statement filed with
the Commission with respect to such Demand Registration. If the majority-in-
interest of the Demanding Holders withdraws from a proposed offering relating
to a Demand Registration, then such registration shall not count as a Demand
Registration provided for in Section 2.1.1.

2.2 Piggy-Back Registration.

2.2.1 Piggy-Back Rights. If at any time on or after the Release Date the
Company proposes to file a Registration Statement under the Securities Act with
respect to an offering of equity securities, or securities or other obligations
exercisable or exchangeable for, or convertible into, equity securities, by the
Company for its own account or for stockholders of the Company for their
account (or by the Company and by stockholders of the Company including,
without limitation, pursuant to Section 2.1), other than a Registration
Statement (i) filed in connection with any employee stock option or other
benefit plan, (ii) for an exchange offer or offering of securities solely to
the Company's existing stockholders, (iii) for an offering of debt that is
convertible into equity securities of the Company or (iv) for a dividend
reinvestment plan, then the Company shall (x) give written notice of such
proposed filing to the holders of Registrable Securities as soon as practicable
but in no event less than ten (10) days before the anticipated filing date,
which notice shall describe the amount and type of securities to be included in
such offering, the intended method(s) of distribution, and the name of the
proposed managing Underwriter or Underwriters, if any, of the offering, and (y)
offer to the holders of Registrable Securities in such notice the opportunity
to register the sale of such number of shares of Registrable Securities as such
holders may request in writing within five (5) days following receipt of such
notice (a "Piggy-Back Registration"). The Company shall cause such Registrable
Securities to be included in such registration and shall use its best efforts
to cause the managing Underwriter or Underwriters of a proposed underwritten
offering to permit the Registrable Securities requested to be included in a
Piggy-Back Registration to be included on the same terms and conditions as any
similar securities of the Company and to permit the sale or other disposition
of such Registrable Securities in accordance with the intended method(s) of
distribution thereof. All holders of Registrable Securities proposing to
distribute their securities through a Piggy-Back Registration that involves an
Underwriter or Underwriters shall enter into an underwriting agreement in
customary Form with the Underwriter or Underwriters selected for such Piggy-
Back Registration.

2.2.2 Reduction of Offering. If the managing Underwriter or Underwriters for a
Piggy-Back Registration that is to be an underwritten offering advises the
Company and the holders of Registrable Securities in writing that the dollar
amount or number of shares of Common Stock which the Company desires to sell,
taken together with shares of Common Stock, if any, as to which registration
has been demanded pursuant to written contractual arrangements with persons
other than the holders of Registrable Securities hereunder, the Registrable
Securities as to which registration has been requested under this Section 2.2,
and the shares of Common Stock, if any, as to which registration has been
requested pursuant to the written contractual piggy-back registration rights of
other stockholders of the Company, exceeds the Maximum Number of Shares, then
the Company shall include in any such registration:

(i) If the registration is undertaken for the Company's account: (A) first, the
shares of Common Stock or other securities that the Company desires to sell
that can be sold without exceeding the Maximum Number of Shares; (B) second, to
the extent that the Maximum Number of Shares has not been reached under the
foregoing clause (A), the shares of Common Stock, if any, including the
Registrable Securities, as to which registration has been requested pursuant to
written contractual piggy-back registration rights of security holders (pro
rata in accordance with the number of shares of Common Stock which each such
person has actually requested to be included in such registration, regardless
of the number of shares of Common Stock with respect to which such persons have
the right to request such inclusion) that can be sold without exceeding the
Maximum Number of Shares; and

(ii) If the registration is a "demand" registration undertaken at the demand of
persons other than the holders of Registrable Securities pursuant to written
contractual arrangements with such persons, (A) first, the shares of Common
Stock for the account of the demanding persons that can be sold without
exceeding the Maximum Number of Shares; (B) second, to the extent that the
Maximum Number of Shares has not been reached under the foregoing clause (A),
the shares of Common Stock or other securities that the Company desires to sell
that can be sold without exceeding the Maximum Number of Shares; and (C) third,
to the extent that the Maximum Number of Shares has not been reached under the
foregoing clauses (A) and (B), the Registrable Securities as to which
registration has been requested under this Section 2.2 (pro rata in accordance
with the number of shares of Registrable Securities held by each such holder);
and (D) fourth, to the extent that the Maximum Number of Shares has not been
reached under the foregoing clauses (A), (B) and (C), the shares of Common
Stock, if any, as to which registration has been requested pursuant to written
contractual piggy-back registration rights which such other stockholders desire
to sell that can be sold without exceeding the Maximum Number of Shares.

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2.2.3 Withdrawal. Any holder of Registrable Securities may elect to withdraw
such holder's request for inclusion of Registrable Securities in any Piggy-Back
Registration by giving written notice to the Company of such request to
withdraw prior to the effectiveness of the Registration Statement. The Company
may also elect to withdraw a registration statement at any time prior to the
effectiveness of the Registration Statement. Notwithstanding any such
withdrawal, the Company shall pay all expenses incurred by the holders of
Registrable Securities in connection with such Piggy-Back Registration as
provided in Section 3.3.

2.3 Registrations on Form S-3. The holders of Registrable Securities may at any
time and from time to time, request in writing that the Company register the
resale of any or all of such Registrable Securities on Form S-3 or any similar
short-Form registration which may be available at such time ("Form S-3");
provided, however, that the Company shall not be obligated to effect such
request through an underwritten offering. Upon receipt of such written request,
the Company will promptly give written notice of the proposed registration to
all other holders of Registrable Securities, and, as soon as practicable
thereafter, effect the registration of all or such portion of such holder's or
holders' Registrable Securities as are specified in such request, together with
all or such portion of the Registrable Securities of any other holder or
holders joining in such request as are specified in a written request given
within fifteen (15) days after receipt of such written notice from the Company;
provided, however, that the Company shall not be obligated to effect any such
registration pursuant to this Section 2.3: (i) if Form S-3 is not available for
such offering; or (ii) if the holders of the Registrable Securities, together
with the holders of any other securities of the Company entitled to inclusion
in such registration, propose to sell Registrable Securities and such other
securities (if any) at any aggregate price to the public of less than $100,000.
Registrations effected pursuant to this Section 2.3 shall not be counted as
Demand Registrations effected pursuant to Section 2.1.

3.    REGISTRATION PROCEDURES.

3.1 Filings; Information. Whenever the Company is required to effect the
registration of any Registrable Securities pursuant to Section 2, the Company
shall use its best efforts to effect the registration and sale of such
Registrable Securities in accordance with the intended method(s) of
distribution thereof as expeditiously as practicable, and in connection with
any such request:

3.1.1 Filing Registration Statement. The Company shall, as expeditiously as
possible and in any event within sixty (60) days after receipt of a request for
a Demand Registration pursuant to Section 2.1, prepare and file with the
Commission a Registration Statement on any form for which the Company then
qualifies or which counsel for the Company shall deem appropriate and which
form shall be available for the sale of all Registrable Securities to be
registered thereunder in accordance with the intended method(s) of distribution
thereof, and shall use its best efforts to cause such Registration Statement to
become and remain effective for the period required by Section 3.1.3; provided,
however, that the Company shall have the right to defer any Demand Registration
for up to thirty (30) days, and any Piggy-Back Registration for such period as
may be applicable to deferment of any demand registration to which such Piggy-
Back Registration relates, in each case if the Company shall furnish to the
holders a certificate signed by the Chief Executive Officer of the Company
stating that, in the good faith judgment of the Board of Directors of the
Company, it would be materially detrimental to the Company and its stockholders
for such Registration Statement to be effected at such time; provided further,
however, that the Company shall not have the right to exercise the right set
forth in the immediately preceding proviso more than once in any 365-day period
in respect of a Demand Registration hereunder.

3.1.2 Copies. The Company shall, prior to filing a Registration Statement or
prospectus, or any amendment or supplement thereto, furnish without charge to
the holders of Registrable Securities included in such registration, and such
holders' legal counsel, copies of such Registration Statement as proposed to be
filed, each amendment and supplement to such Registration Statement (in each
case including all exhibits thereto and documents incorporated by reference
therein), the prospectus included in such Registration Statement (including
each preliminary prospectus), and such other documents as the holders of
Registrable Securities included in such registration or legal counsel for any
such holders may request in order to facilitate the disposition of the
Registrable Securities owned by such holders.

3.1.3 Amendments and Supplements. The Company shall prepare and file with the
Commission such amendments, including post-effective amendments, and
supplements to such Registration Statement and the prospectus used in
connection therewith as may be necessary to keep such Registration Statement
effective and in compliance with the provisions of the Securities Act until all
Registrable Securities and other securities covered by such Registration
Statement have been disposed of in accordance with the intended method(s) of
distribution set forth in such Registration Statement (which period shall not
exceed the sum of one hundred eighty (180) days plus any period during which
any such disposition is interfered with by any stop order or injunction of the
Commission or any governmental agency or court) or such securities have been
withdrawn.

3.1.4 Notification. After the filing of a Registration Statement, the Company
shall promptly, and in no event more than two (2) business days after such
filing, notify the holders of Registrable Securities included in such
Registration Statement of such filing, and shall further notify such holders
promptly and confirm such advice in writing in all events within two (2)
business days of the occurrence of any of the following: (i) when such
Registration Statement becomes effective; (ii) when any post-effective
amendment to such Registration Statement becomes effective; (iii) the issuance
or threatened issuance by the Commission of any stop order (and the Company
shall take all actions required to prevent the entry of such stop order or to
remove it if entered); and (iv) any request by the Commission for any amendment
or supplement to such Registration Statement or any prospectus relating thereto
or for additional information or of the occurrence of an event requiring the
preparation of a supplement or amendment to such prospectus so that, as
thereafter delivered to the purchasers of the securities covered by such
Registration Statement, such prospectus will not contain an untrue statement of
a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein not misleading, and
promptly make available to the holders of Registrable Securities included in

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such Registration Statement any such supplement or amendment; except that
before filing with the Commission a Registration Statement or prospectus or any
amendment or supplement thereto, including documents incorporated by reference,
the Company shall furnish to the holders of Registrable Securities included in
such Registration Statement and to the legal counsel for any such holders,
copies of all such documents proposed to be filed sufficiently in advance of
filing to provide such holders and legal counsel with a reasonable opportunity
to review such documents and comment thereon, and the Company shall not file
any Registration Statement or prospectus or amendment or supplement thereto,
including documents incorporated by reference, to which such holders or their
legal counsel shall object.

3.1.5 State Securities Laws Compliance. The Company shall use its best efforts
to (i) register or qualify the Registrable Securities covered by the
Registration Statement under such securities or "blue sky" laws of such
jurisdictions in the United States as the holders of Registrable Securities
included in such Registration Statement (in light of their intended plan of
distribution) may request and (ii) take such action necessary to cause such
Registrable Securities covered by the Registration Statement to be registered
with or approved by such other governmental authorities as may be necessary by
virtue of the business and operations of the Company and do any and all other
acts and things that may be necessary or advisable to enable the holders of
Registrable Securities included in such Registration Statement to consummate
the disposition of such Registrable Securities in such jurisdictions; provided,
however, that the Company shall not be required to qualify generally to do
business in any jurisdiction where it would not otherwise be required to
qualify but for this paragraph (e) or subject itself to taxation in any such
jurisdiction.

3.1.6 Agreements for Disposition. The Company shall enter into customary
agreements (including, if applicable, an underwriting agreement in customary
form) and take such other actions as are reasonably required in order to
expedite or facilitate the disposition of such Registrable Securities. The
representations, warranties and covenants of the Company in any underwriting
agreement which are made to or for the benefit of any Underwriters, to the
extent applicable, shall also be made to and for the benefit of the holders of
Registrable Securities included in such registration statement. No holder of
Registrable Securities included in such registration statement shall be
required to make any representations or warranties in the underwriting
agreement except, if applicable, with respect to such holder's organization,
good standing, authority, title to Registrable Securities, lack of conflict of
such sale with such holder's material agreements and organizational documents,
and with respect to written information relating to such holder that such
holder has furnished in writing expressly for inclusion in such Registration
Statement.

3.1.7 Cooperation. The principal executive officer of the Company, the
principal financial officer of the Company, the principal accounting officer of
the Company and all other officers and members of the management of the Company
shall cooperate fully in any offering of Registrable Securities hereunder,
which cooperation shall include, without limitation, the preparation of the
Registration Statement with respect to such offering and all other offering
materials and related documents, and participation in meetings with
Underwriters, attorneys, accountants and potential investors.

3.1.8 Records. The Company shall make available for inspection by the holders
of Registrable Securities included in such Registration Statement, any
Underwriter participating in any disposition pursuant to such registration
statement and any attorney, accountant or other professional retained by any
holder of Registrable Securities included in such Registration Statement or any
Underwriter, all financial and other records, pertinent corporate documents and
properties of the Company, as shall be necessary to enable them to exercise
their due diligence responsibility, and cause the Company's officers, directors
and employees to supply all information requested by any of them in connection
with such Registration Statement.

3.1.9 Opinions and Comfort Letters. The Company shall furnish to each holder of
Registrable Securities included in any Registration Statement a signed
counterpart, addressed to such holder, of (i) any opinion of counsel to the
Company delivered to any Underwriter and (ii) any comfort letter from the
Company's independent public accountants delivered to any Underwriter. In the
event no legal opinion is delivered to any Underwriter, the Company shall
furnish to each holder of Registrable Securities included in such Registration
Statement, at any time that such holder elects to use a prospectus, an opinion
of counsel to the Company to the effect that the Registration Statement
containing such prospectus has been declared effective and that no stop order
is in effect.

3.1.10 Earnings Statement. The Company shall comply with all applicable rules
and regulations of the Commission and the Securities Act, and make available to
its stockholders, as soon as practicable, an earnings statement covering a
period of twelve (12) months, beginning within three (3) months after the
effective date of the registration statement, which earnings statement shall
satisfy the provisions of Section 11(a) of the Securities Act and Rule 158
thereunder.

3.1.11 Listing. The Company shall use its best efforts to cause all Registrable
Securities included in any registration to be listed on such exchanges or
otherwise designated for trading in the same manner as similar securities
issued by the Company are then listed or designated or, if no such similar
securities are then listed or designated, in a manner satisfactory to the
holders of a majority of the Registrable Securities included in such
registration.

3.2 Obligation to Suspend Distribution. Upon receipt of any notice from the
Company of the happening of any event of the kind described in Section
3.1.4(iv), or, in the case of a resale registration on Form S-3 pursuant to
Section 2.3 hereof, upon any suspension by the Company, pursuant to a written
insider trading compliance program adopted by the Company's Board of Directors,
of the ability of all "insiders" covered by such program to transact in the
Company's securities because of the existence of material non-public
information, each holder of Registrable Securities included in any registration
shall immediately discontinue disposition of such Registrable Securities

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pursuant to the Registration Statement covering such Registrable Securities
until such holder receives the supplemented or amended prospectus contemplated
by Section 3.1.4(iv) or the restriction on the ability of "insiders" to
transact in the Company's securities is removed, as applicable, and, if so
directed by the Company, each such holder will deliver to the Company all
copies, other than permanent file copies then in such holder's possession, of
the most recent prospectus covering such Registrable Securities at the time of
receipt of such notice.

3.3 Registration Expenses. The Company shall bear all costs and expenses
incurred in connection with any Demand Registration pursuant to Section 2.1,
any Piggy-Back Registration pursuant to Section 2.2, and any registration on
Form S-3 effected pursuant to Section 2.3, and all expenses incurred in
performing or complying with its other obligations under this Agreement,
whether or not the Registration Statement becomes effective, including, without
limitation: (i) all registration and filing fees; (ii) fees and expenses of
compliance with securities or "blue sky" laws (including fees and disbursements
of counsel in connection with blue sky qualifications of the Registrable
Securities); (iii) printing expenses; (iv) the Company's internal expenses
(including, without limitation, all salaries and expenses of its officers and
employees); (v) the fees and expenses incurred in connection with the listing
of the Registrable Securities as required by Section 3.1.11; (vi) National
Association of Securities Dealers, Inc. fees; (vii) fees and disbursements of
counsel for the Company and fees and expenses for independent certified public
accountants retained by the Company (including the expenses or costs associated
with the delivery of any opinions or comfort letters requested pursuant to
Section 3.1.9); (viii) the fees and expenses of any special experts retained by
the Company in connection with such registration and (ix) the fees and expenses
of one legal counsel selected by the holders of a majority-in-interest of the
Registrable Securities included in such registration. The Company shall have no
obligation to pay any underwriting discounts or selling commissions
attributable to the Registrable Securities being sold by the holders thereof,
which underwriting discounts or selling commissions shall be borne by such
holders. Additionally, in an underwritten offering, all selling stockholders
and the Company shall bear the expenses of the underwriter pro rata in
proportion to the respective amount of shares each is selling in such offering.

3.4 Information. The holders of Registrable Securities shall provide such
information as may reasonably be requested by the Company, or the managing
Underwriter, if any, in connection with the preparation of any Registration
Statement, including amendments and supplements thereto, in order to effect the
registration of any Registrable Securities under the Securities Act pursuant to
Section 2 and in connection with the Company's obligation to comply with
federal and applicable state securities laws.

4.    INDEMNIFICATION AND CONTRIBUTION.

4.1 Indemnification by the Company. The Company agrees to indemnify and hold
harmless each Investor and each other holder of Registrable Securities, and
each of their respective officers, employees, affiliates, directors, partners,
members, attorneys and agents, and each person, if any, who controls an
Investor and each other holder of Registrable Securities (within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act) (each, an
"Investor Indemnified Party"), from and against any expenses, losses,
judgments, claims, damages or liabilities, whether joint or several, arising
out of or based upon any untrue statement (or allegedly untrue statement) of a
material fact contained in any Registration Statement under which the sale of
such Registrable Securities was registered under the Securities Act, any
preliminary prospectus, final prospectus or summary prospectus contained in the
Registration Statement, or any amendment or supplement to such Registration
Statement, or arising out of or based upon any omission (or alleged omission)
to state a material fact required to be stated therein or necessary to make the
statements therein not misleading, or any violation by the Company of the
Securities Act or any rule or regulation promulgated thereunder applicable to
the Company and relating to action or inaction required of the Company in
connection with any such registration; and the Company shall promptly reimburse
the Investor Indemnified Party for any legal and any other expenses reasonably
incurred by such Investor Indemnified Party in connection with investigating
and defending any such expense, loss, judgment, claim, damage, liability or
action; provided, however, that the Company will not be liable in any such case
to the extent that any such expense, loss, claim, damage or liability arises
out of or is based upon any untrue statement or allegedly untrue statement or
omission or alleged omission made in such Registration Statement, preliminary
prospectus, final prospectus, or summary prospectus, or any such amendment or
supplement, in reliance upon and in conformity with information furnished to
the Company, in writing, by such selling holder expressly for use therein. The
Company also shall indemnify any Underwriter of the Registrable Securities,
their officers, affiliates, directors, partners, members and agents and each
person who controls such Underwriter on substantially the same basis as that of
the indemnification provided above in this Section 4.1.

4.2 Indemnification by Holders of Registrable Securities. Each selling holder
of Registrable Securities will, in the event that any registration is being
effected under the Securities Act pursuant to this Agreement of any Registrable
Securities held by such selling holder, indemnify and hold harmless the
Company, each of its directors and officers and each underwriter (if any), and
each other person, if any, who controls such selling holder or such underwriter
within the meaning of the Securities Act, against any losses, claims,
judgments, damages or liabilities, whether joint or several, insofar as such
losses, claims, judgments, damages or liabilities (or actions in respect
thereof) arise out of or are based upon any untrue statement or allegedly
untrue statement of a material fact contained in any Registration Statement
under which the sale of such Registrable Securities was registered under the
Securities Act, any preliminary prospectus, final prospectus or summary
prospectus contained in the Registration Statement, or any amendment or
supplement to the Registration Statement, or arise out of or are based upon any
omission or the alleged omission to state a material fact required to be stated
therein or necessary to make the statement therein not misleading, if the
statement or omission was made in reliance upon and in conformity with
information furnished in writing to the Company by such selling holder
expressly for use therein, and shall reimburse the Company, its directors and
officers, and each such controlling person for any legal or other expenses
reasonably incurred by any of them in connection with investigation or
defending any such loss, claim, damage, liability or action. Each selling
holder's indemnification obligations hereunder shall be several and not joint
and shall be limited to the amount of any net proceeds actually received by
such selling holder.

<PAGE>

4.3 Conduct of Indemnification Proceedings. Promptly after receipt by any
person of any notice of any loss, claim, damage or liability or any action in
respect of which indemnity may be sought pursuant to Section 4.1 or 4.2, such
person (the "Indemnified Party") shall, if a claim in respect thereof is to be
made against any other person for indemnification hereunder, notify such other
person (the "Indemnifying Party") in writing of the loss, claim, judgment,
damage, liability or action; provided, however, that the failure by the
Indemnified Party to notify the Indemnifying Party shall not relieve the
Indemnifying Party from any liability which the Indemnifying Party may have to
such Indemnified Party hereunder, except and solely to the extent the
Indemnifying Party is actually prejudiced by such failure. If the Indemnified
Party is seeking indemnification with respect to any claim or action brought
against the Indemnified Party, then the Indemnifying Party shall be entitled to
participate in such claim or action, and, to the extent that it wishes, jointly
with all other Indemnifying Parties, to assume control of the defense thereof
with counsel satisfactory to the Indemnified Party. After notice from the
Indemnifying Party to the Indemnified Party of its election to assume control
of the defense of such claim or action, the Indemnifying Party shall not be
liable to the Indemnified Party for any legal or other expenses subsequently
incurred by the Indemnified Party in connection with the defense thereof other
than reasonable costs of investigation; provided, however, that in any action
in which both the Indemnified Party and the Indemnifying Party are named as
defendants, the Indemnified Party shall have the right to employ separate
counsel (but no more than one such separate counsel) to represent the
Indemnified Party and its controlling persons who may be subject to liability
arising out of any claim in respect of which indemnity may be sought by the
Indemnified Party against the Indemnifying Party, with the fees and expenses of
such counsel to be paid by such Indemnifying Party if, based upon the written
opinion of counsel of such Indemnified Party, representation of both parties by
the same counsel would be inappropriate due to actual or potential differing
interests between them. No Indemnifying Party shall, without the prior written
consent of the Indemnified Party, consent to entry of judgment or effect any
settlement of any claim or pending or threatened proceeding in respect of which
the Indemnified Party is or could have been a party and indemnity could have
been sought hereunder by such Indemnified Party, unless such judgment or
settlement includes an unconditional release of such Indemnified Party from all
liability arising out of such claim or proceeding.

4.4 Contribution.

4.4.1 If the indemnification provided for in the foregoing Sections 4.1, 4.2
and 4.3 is unavailable to any Indemnified Party in respect of any loss, claim,
damage, liability or action referred to herein, then each such Indemnifying
Party, in lieu of indemnifying such Indemnified Party, shall contribute to the
amount paid or payable by such Indemnified Party as a result of such loss,
claim, damage, liability or action in such proportion as is appropriate to
reflect the relative fault of the Indemnified Parties and the Indemnifying
Parties in connection with the actions or omissions which resulted in such
loss, claim, damage, liability or action, as well as any other relevant
equitable considerations. The relative fault of any Indemnified Party and any
Indemnifying Party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information
supplied by such Indemnified Party or such Indemnifying Party and the parties'
relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission.

4.4.2 The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 4.4 were determined by pro rata
allocation or by any other method of allocation which does not take account of
the equitable considerations referred to in the immediately preceding Section
4.4.1. The amount paid or payable by an Indemnified Party as a result of any
loss, claim, damage, liability or action referred to in the immediately
preceding paragraph shall be deemed to include, subject to the limitations set
forth above, any legal or other expenses incurred by such Indemnified Party in
connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this Section 4.4, no holder of Registrable
Securities shall be required to contribute any amount in excess of the dollar
amount of the net proceeds (after payment of any underwriting fees, discounts,
commissions or taxes) actually received by such holder from the sale of
Registrable Securities which gave rise to such contribution obligation. No
person guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Securities Act) shall be entitled to contribution from any person
who was not guilty of such fraudulent misrepresentation.

5.    UNDERWRITING AND DISTRIBUTION.

5.1 Rule 144. The Company covenants that it shall file any reports required to
be filed by it under the Securities Act and the Exchange Act and shall take
such further action as the holders of Registrable Securities may reasonably
request, all to the extent required from time to time to enable such holders to
sell Registrable Securities without registration under the Securities Act
within the limitation of the exemptions provided by Rule 144 under the
Securities Act, as such Rules may be amended from time to time, or any similar
rule or regulation hereafter adopted by the Commission.

6.    MISCELLANEOUS.

6.1 Other Registration Rights. The Company represents and warrants that no
person, other than a holder of the Registrable Securities, has any right to
require the Company to register any shares of the Company's capital stock for
sale or to include shares of the Company's capital stock in any registration
filed by the Company for the sale of shares of capital stock for its own
account or for the account of any other person.

6.2 Assignment; No Third Party Beneficiaries. This Agreement and the rights,
duties and obligations of the Company hereunder may not be assigned or
delegated by the Company in whole or in part. This Agreement and the rights,
duties and obligations of the holders of Registrable Securities hereunder may

<PAGE>

be freely assigned or delegated by such holder of Registrable Securities in
conjunction with and to the extent of any transfer of Registrable Securities by
any such holder. This Agreement and the provisions hereof shall be binding upon
and shall inure to the benefit of each of the parties and their respective
successors and the permitted assigns of the Investor or holder of Registrable
Securities or of any assignee of the Investor or holder of Registrable
Securities. This Agreement is not intended to confer any rights or benefits on
any persons that are not party hereto other than as expressly set forth in
Article 4 and this Section 6.2.

6.3 Notices. All notices, demands, requests, consents, approvals or other
communications (collectively, "Notices") required or permitted to be given
hereunder or which are given with respect to this Agreement shall be in writing
and shall be personally served, delivered by reputable air courier service with
charges prepaid, or transmitted by hand delivery, telegram, telex or facsimile,
addressed as set forth below, or to such other address as such party shall have
specified most recently by written notice. Notice shall be deemed given on the
date of service or transmission if personally served or transmitted by
telegram, telex or facsimile; provided, that if such service or transmission is
not on a business day or is after normal business hours, then such notice shall
be deemed given on the next business day. Notice otherwise sent as provided
herein shall be deemed given on the next business day following timely delivery
of such notice to a reputable air courier service with an order for next-day
delivery.

       To the Company:

       Greater China Acquisition Corp.
       c/o TBM Investments, Inc.
       305 Madison Ave.
       Suite 1166
       New York, New York 10165
       Attention: President

       To an Investor, to:

       William Tay
       P.O. Box 42198
       Philadelphia, Pennsylvania 19101

6.4 Severability. This Agreement shall be deemed severable, and the invalidity
or unenforceability of any term or provision hereof shall not affect the
validity or enforceability of this Agreement or of any other term or provision
hereof. Furthermore, in lieu of any such invalid or unenforceable term or
provision, the parties hereto intend that there shall be added as a part of
this Agreement a provision as similar in terms to such invalid or unenforceable
provision as may be possible and be valid and enforceable.

6.5 Counterparts. This Agreement may be executed in multiple counterparts, each
of which shall be deemed an original, and all of which taken together shall
constitute one (1) and the same instrument.

6.6 Entire Agreement. This Agreement (including all agreements entered into
pursuant hereto and all certificates and instruments delivered pursuant hereto
and thereto) constitute the entire agreement of the parties with respect to the
subject matter hereof and supersede all prior and contemporaneous agreements,
representations, understandings, negotiations and discussions between the
parties, whether oral or written.

6.7 Modifications and Amendments. No amendment, modification or termination of
this Agreement shall be binding upon any party unless executed in writing by
such party.

6.8 Titles and Headings. Titles and headings of sections of this Agreement are
for convenience only and shall not affect the construction of any provision of
this Agreement.

6.9 Waivers and Extensions. Any party to this Agreement may waive any right,
breach or default which such party has the right to waive, provided that such
waiver will not be effective against the waiving party unless it is in writing,
is signed by such party, and specifically refers to this Agreement. Waivers may
be made in advance or after the right waived has arisen or the breach or
default waived has occurred. Any waiver may be conditional. No waiver of any
breach of any agreement or provision herein contained shall be deemed a waiver
of any preceding or succeeding breach thereof nor of any other agreement or
provision herein contained. No waiver or extension of time for performance of
any obligations or acts shall be deemed a waiver or extension of the time for
performance of any other obligations or acts.

6.10 Remedies Cumulative. In the event that the Company fails to observe or
perform any covenant or agreement to be observed or performed under this
Agreement, the Investor or any other holder of Registrable Securities may
proceed to protect and enforce its rights by suit in equity or action at law,
whether for specific performance of any term contained in this Agreement or for
an injunction against the breach of any such term or in aid of the exercise of
any power granted in this Agreement or to enforce any other legal or equitable

<PAGE>

right, or to take any one or more of such actions, without being required to
post a bond. None of the rights, powers or remedies conferred under this
Agreement shall be mutually exclusive, and each such right, power or remedy
shall be cumulative and in addition to any other right, power or remedy,
whether conferred by this Agreement or now or hereafter available at law, in
equity, by statute or otherwise.

6.11 Governing Law. This Agreement shall be governed by, interpreted under, and
construed in accordance with the internal laws of the State of Delaware
applicable to agreements made and to be performed within the State of Delaware,
without giving effect to any choice-of-law provisions thereof that would compel
the application of the substantive laws of any other jurisdiction.

6.12 Waiver of Trial by Jury. Each party hereby irrevocably and unconditionally
waives the right to a trial by jury in any action, suit, counterclaim or other
proceeding (whether based on contract, tort or otherwise) arising out of,
connected with or relating to this Agreement, the transactions contemplated
hereby, or the actions of the Investor in the negotiation, administration,
performance or enforcement hereof.

IN WITNESS WHEREOF, the parties have caused this Registration Rights Agreement
to be executed and delivered by their duly authorized representatives as of the
date first written above.

                                        Greater China Acquisition Corp.
                                        A Delaware corporation

                                        By: /s/ William Tay
                                        -----------------------------
                                        Name: William Tay
                                        Title: President and CEO

INVESTORS:

/s/ William Tay
-----------------------------
William Tayexhibit10_1.htm

     

    Dated
      as
      of October 23, 2007

    EXHIBIT
      A

    

    SECOND
      AMENDMENT AND FOURTH WAIVER

     

    SECOND
      AMENDMENT AND FOURTH WAIVER, dated as of October 23, 2007 (this
“Amendment”), to the Amended and Restated Credit Agreement, dated as of
      July 1, 2005 (as heretofore amended, supplemented or otherwise modified, the
      “Credit Agreement”), among NAVISTAR FINANCIAL CORPORATION, a Delaware
      corporation, ARRENDADORA FINANCIERA NAVISTAR, S.A. DE C.V., ORGANIZACIÓN
      AUXILIAR DEL CRÉDITO, a Mexican corporation, SERVICIOS FINANCIEROS NAVISTAR,
      S.A. DE C.V., SOCIEDAD FINANCIERA DE OBJETO LIMITADO, a Mexican corporation,
      and
      NAVISTAR COMERCIAL, S.A. DE C.V., a Mexican corporation (each, a
“Borrower” and collectively, the “Borrowers”), the several lenders
      from time to time parties thereto (the “Lenders”), JPMORGAN CHASE BANK,
      N.A., as administrative agent for the Lenders (in such capacity, the
“Administrative Agent”), BANK OF AMERICA, N.A., as syndication agent (in
      such capacity, the “Syndication Agent”), and THE BANK OF NOVA SCOTIA, as
      documentation agent (in such capacity, the “Documentation
      Agent”).

     

    WITNESSETH
      :

     

    WHEREAS,
      the Borrowers, the Administrative Agent, the Syndication Agent, the
      Documentation Agent and the Lenders are parties to the Credit
      Agreement;

     

    WHEREAS,
      the Borrowers have requested that the Administrative Agent and the Required
      Lenders agree to amend and waive compliance with certain provisions of the
      Credit Agreement; and

     

    WHEREAS,
      the Administrative Agent has obtained the consent of the Required Lenders to
      execute this Amendment, but only upon the terms and conditions set forth
      herein;

     

    NOW,
      THEREFORE, for valuable consideration, the receipt and sufficiency of which
      are
      hereby acknowledged, and in consideration of the premises contained herein,
      the
      parties hereto agree as follows:

     

    1.  Defined
      Terms.  (a) Unless otherwise defined herein, capitalized terms
      which are defined in the Credit Agreement are used herein as defined
      therein.

     

    (b)           For
      purposes of this Amendment, “Financial Officer” shall mean the chief
      financial officer or the treasurer of the Parent or the treasurer or controller
      of the US Borrower, as applicable.

     

    (c)           For
      purposes of this Amendment, the “2007 NIC Credit Agreement” shall mean
      the Credit Agreement, dated as of January 19, 2007, among Navistar International
      Corporation, the subsidiary guarantors party thereto, the lenders party thereto,
      JPMorgan Chase Bank N.A., Credit Suisse, Banc of America Securities LLC and
      Citigroup Capital Markets Inc.

    

    2.  Amendment.  Effective
      on and as of the Effective Date (as defined in Section 6 below), the Credit
      Agreement is hereby amended as follows:

     

    
                  (a)  Amendment
        to Section 1.01 of the Credit Agreement.  The definition of
“Applicable Rate” shall be amended by deleting the pricing grid appearing in the
        seventh line of such section and inserting in its place the pricing grid
        set
        forth below:

    

     

    
      	
              Level

            	
              Rating

              S&P/Moody’s

            	
              Revolving
                Credit Loans

            	
              Tranche
                A Term Loans

            	
              Facility
                Fee Rate

            
	
              Applicable
                Rate for

              ABR
                Loans

            	
              Applicable
                Rate for

              Eurodollar
                Loans

            	
              Applicable
                Rate for

              ABR
                Loans

            	
              Applicable
                Rate for

              Eurodollar
                Loans

            
	
              1

            	
              BBB-/Baa3
                or higher

            	
              0.00%

            	
              0.50%

            	
              0.00%

            	
              0.75%

            	
              0.25%

            
	
              2

            	
              BB+/Ba1

            	
              0.00%

            	
              0.70%

            	
              0.00%

            	
              1.00%

            	
              0.30%

            
	
              3

            	
              BB/Ba2

            	
              0.00%

            	
              0.90%

            	
              0.25%

            	
              1.25%

            	
              0.35%

            
	
              4

            	
              BB-/Ba3

            	
              0.625%

            	
              1.625%

            	
              1.00%

            	
              2.00%

            	
              0.375%

            
	
              5

            	
              Less
                than BB-/Ba3

            	
              0.75%

            	
              1.75%

            	
              1.25%

            	
              2.25%

            	
              0.50%

            

    

    

    3.  Waivers.
      The Lenders hereby waive, until December 31, 2007, any Default or Event of
      Default under:

     

    (a)  Clause
      (e) of Article IX of the Credit Agreement that would result solely from the
      Parent’s or the Borrowers’ failure to deliver by such date as may be required
      under the Credit Agreement, the report on Form 10-K and financial statements
      for
      each of the fiscal years ended October 31, 2005, October 31, 2006 and October
      31, 2007 and other information and documents required under Sections 7.01(a),
      (c), (d) and (f) of the Credit Agreement that were to be delivered in connection
      with such report or such financial statements;

     

    (b)  Clause
      (e) of Article IX of the Credit Agreement that would result solely from the
      Parent’s or the Borrowers’ failure to deliver by such date as may be required
      under the Credit Agreement, the report on Form 10-Q and financial statements
      (other than as required by Section 5 hereof) for each of the fiscal quarters
      ended January 31, 2006, April 30, 2006, July 31, 2006, January 31, 2007, April
      30, 2007 and July 31, 2007 and other information and documents required under
      Sections 7.01(b), (d) and (f) of the Credit Agreement to be delivered in
      connection with such report or such financial statements; and

     

    (c)  (i)
      Any
      condition or required representation or warranty that could not be satisfied
      or
      made or deemed made, and (ii) any Default or Event of Default arising, in each
      case as a result of the breach of any representation or warranty in Section
      5.04
      or 5.14(b) of the Credit Agreement as a result of or arising out of any revision
      or restatement in connection with the audit conducted for the fiscal year ended
      October 31, 2005, October 31, 2006 or October 31, 2007 of any financial
      statements of the US Borrower or any of its affiliates for any period ending
      on
      or before the end of the Waiver Period (as defined below), or in any reports,
      financial statements, certificates, or other information containing similar
      information with respect to such periods.

     

    4.  Additional
      Waiver.  The Lenders hereby waive each covenant, requirement or
      agreement under the Loan Documents for the Parent or the US Borrower to provide,
      in the event of any change in generally accepted accounting principles used
      in
      the preparation of its financial statements for any period ending on or prior
      to
      December 31, 2007 from those previously used, a reconciliation of such financial
      statements to GAAP; provided that, in the event a reconciliation from
      past practices to generally accepted accounting principles in the preparation
      of
      such financial statements is available, the Parent or the US Borrower, as
      appropriate, shall also provide such reconciliation.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    5.  Agreements
      by the US Borrower.  Notwithstanding anything to the contrary in
      the Credit Agreement, to induce the Required Lenders to consent to the execution
      by the Administrative Agent of this Amendment, until the expiration of the
      waiver provided in Section 3 (the “Waiver Period”):

     

    (
      i
      )   The US Borrower agrees to deliver to the Administrative
      Agent, for prompt distribution to each Lender:

    

    (a)  As
      soon
      as available, after the end of each of the fiscal years of the Parent ended
      October 31, 2005, October 31, 2006 and October 31, 2007, a copy of the annual
      report for such fiscal year for the Parent and its Subsidiaries, including
      therein (i) a consolidated balance sheet of the Parent and its Subsidiaries
      as
      of the end of such fiscal year and (ii) a consolidated statement of income
      and a
      consolidated statement of cash flows of the Parent and its Subsidiaries for
      such
      fiscal year, in each case prepared in accordance with Rule 3-10 of Regulation
      S-X, consistent with the Parent’s past practice (unless otherwise required to
      conform with the results of the audit or changes in GAAP), on the basis of
      management’s good faith calculations and fairly presenting in all material
      respects the consolidated financial condition of the Parent and its Subsidiaries
      as at such date and the consolidated results of operations of the Parent and
      its
      Subsidiaries for the period ended on such date; provided that, in the
      event a reconciliation from past practices to generally accepted accounting
      principles in the preparation of such financial statements is available, the
      Parent shall also provide such reconciliation.

     

    (b)  As
      soon
      as available, after the end of each of the fiscal quarters of the Parent ended
      January 31, 2006, April 30, 2006, July 31, 2006, January 31, 2007, April 30,
      2007 and July 31, 2007 (i) a consolidated balance sheet of the Parent and its
      Subsidiaries as of the end of such quarter, (ii) a consolidated statement of
      income and a consolidated statement of cash flows of the Parent and its
      Subsidiaries for the period commencing at the end of the previous fiscal quarter
      and ending with the end of such fiscal quarter, and (iii) a consolidated
      statement of income and a consolidated statement of cash flows of the Parent
      and
      its Subsidiaries for the period commencing at the end of the previous fiscal
      year and ending with the end of such quarter, all prepared in accordance with
      Rule 3-10 of Regulation S-X, consistent with the Parent’s past practice (unless
      otherwise required to conform with the results of the audit or changes in GAAP),
      on the basis of management’s good faith calculations and fairly presenting in
      all material respects, subject to year end audit adjustments and the absence
      of
      footnotes, the consolidated financial condition of the Parent and its
      Subsidiaries as at such dates and the consolidated results of operations of
      the
      Parent and its Subsidiaries for the periods ended on such dates, setting forth
      in each case in comparative form the corresponding figures for the corresponding
      date or period of the preceding fiscal year, all in reasonable detail and duly
      certified (subject to normal year-end audit adjustments and the absence of
      footnotes) by a Financial Officer of the Parent, consistent with the Parent’s
      past practice; provided that, in the event a reconciliation from past
      practices to generally accepted accounting principles in the preparation of
      such
      financial statements is available, the Parent shall also provide such
      reconciliation.

     

    (c)  As
      soon
      as available, and in any event within 60 days after the end of each fiscal
      quarter (other than the last fiscal quarter of a fiscal year) or 90 days after
      the end of the last fiscal quarter of a fiscal year of the US Borrower, ended
      on
      or after October 31, 2007, management financial reports of the US Borrower
      setting forth (i) a preliminary consolidated statement of financial condition
      and consolidated statement of income in a management format, (ii) serviced
      portfolio information, (iii) funding availability under its contractual
      arrangements with Truck Retail Instalment Paper Corp. and under the Credit
      Agreement and (iv) calculations demonstrating compliance with Section 8.01
      of
      the Credit Agreement, in each case prepared in a manner materially consistent
      with the US Borrower’s past practices (unless otherwise required to conform with
      the results of the audit or changes in GAAP) and, to the extent relevant, on
      the
      basis of management’s good faith efforts, in such form and detail reasonably
      satisfactory to the Administrative Agent; provided, however, that such
      reporting shall not be required so long as the US Borrower has filed all reports
      with the Securities and Exchange Commission required pursuant to Section 13
      of
      the Exchange Act.

     

    (d)  As
      soon
      as available, and in any event within 30 days after the end of each month,
      commencing with the month of October 2007, monthly management financial reports
      of the Parent in respect of the sales and income by segment and cash balances,
      Indebtedness, capital expenditures and depreciation and amortization of the
      Parent and its consolidated Subsidiaries prepared in a manner consistent with
      the Parent’s past practices (unless otherwise required to conform with the
      results of the audit or changes in GAAP) and on the basis of management’s good
      faith calculations, in such form and detail reasonably satisfactory to the
      Administrative Agent (including, without limitation, any financial information
      prepared in accordance with generally accepted accounting principles to
      determine compliance with the covenants under the 2007 NIC Credit Agreement);
      provided, however, that such reporting shall not be required so long as
      the US Borrower has filed all reports with the Securities and Exchange
      Commission required pursuant to Section 13 of the Exchange Act.

     

    (e)  As
      soon
      as available, and in any event within 60 days after the end of each fiscal
      quarter (other than the last fiscal quarter of a fiscal year) or 90 days after
      the end of the last fiscal quarter of a fiscal year of the Parent, commencing
      with the fiscal quarter ended October 31, 2007, quarterly condensed
      manufacturing balance sheet and income statement of the Parent and its
      consolidated subsidiaries, with its finance subsidiaries included on an equity
      basis, prepared in a manner consistent with the Parent’s past practices (unless
      otherwise required to conform with the results of the audit or changes in GAAP)
      and on the basis of management’s good faith calculations.

     

    The
      Lenders acknowledge that the financial information delivered pursuant to
      subsections (c), (d) and (e) above will be preliminary and unaudited and will
      be
      prepared by management based on current data in a manner consistent with past
      practices (unless otherwise required to conform with the results of the audit
      or
      changes in the GAAP), will not have been reviewed by the Parent’s or the US
      Borrower’s independent accountants, and when the accounting review in connection
      with the audit of the fiscal 2005, 2006 and 2007 financial statements is
      complete, the information provided may differ from the audited financial
      statements.

     

    6.  Conditions
      to Effectiveness of this Amendment.  The amendment and waivers set
      forth herein shall become effective on the date upon receipt by the
      Administrative Agent of (the “Effective Date”):

     

    (a)           counterparts
      of this Amendment duly executed by each of the Borrowers and the Administrative
      Agent; and

     

    (b)           for
      the account of each Lender that executes and delivers a Lender Consent Letter
      with respect to this Amendment on or before 12 p.m. (noon), Eastern time, on
      October [23], 2007, an amendment fee equal to 0.20% of the sum of the
      outstanding principal amount of such Lender’s Tranche A Term Loans and its US
      Revolving Commitment.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    7.  Representations
      and Warranties.  On and as of the date hereof and after giving
      effect to this Amendment, each Borrower hereby confirms, reaffirms and restates
      the representations and warranties set forth in Article V of the Credit
      Agreement mutatismutandis, except to the extent that such
      representations and warranties expressly relate to a specific earlier date,
      in
      which case each Borrower hereby confirms, reaffirms and restates such
      representations and warranties as of such earlier date, and represents and
      warrants that, except to the extent waived hereby, no Default or Event of
      Default has occurred and is continuing.

     

    8.  Continuing
      Effect; No Other Waiver.  Except as expressly amended, waived or
      provided for above, and subject to any existing amendment and waiver, all of
      the
      terms and provisions of the Credit Agreement are and shall remain in full force
      and effect and each Borrower shall continue to be bound by all of such terms
      and
      provisions.  The amendment and waivers provided for herein are limited
      to the specific sections of the Credit Agreement specified herein and shall
      not
      constitute an amendment or waiver of, or an indication of the Administrative
      Agent’s or the Lenders’ willingness to amend or waive, any other provisions of
      the Credit Agreement or the same section for any other date or
      purpose.  For the avoidance of doubt, the amendments set forth in the
      First Amendment, dated as of March 28, 2007, to the Credit Agreement remain
      in
      effect in accordance with the terms thereof.  Further, for the
      avoidance of doubt, the change to the definition of Applicable Rate effected
      by
      the Third Waiver and Consent, dated as of November 10, 2006, is hereby
      rescinded.

     

    9.  Expenses.  The
      Borrowers agree to pay and reimburse the Administrative Agent for all its
      reasonable out-of-pocket costs and expenses incurred in connection with the
      preparation and delivery of this Amendment, including, without limitation,
      the
      reasonable fees and disbursements of counsel to the Administrative
      Agent.

     

    10.  Counterparts.  This
      Amendment may be executed by one or more of the parties to this Amendment on
      any
      number of separate counterparts (including by telecopy), and all of said
      counterparts taken together shall be deemed to constitute one and the same
      instrument.  A set of the copies of this Amendment signed by the
      parties hereto shall be delivered to the Borrowers and the Administrative
      Agent.  The execution and delivery of this Amendment by the
      Administrative Agent with the consent of any Lender shall be binding upon such
      Lender’s successors and assigns (including transferees of its commitments and
      Loans in whole or in part prior to effectiveness hereof) and binding in respect
      of all of its commitments and Loans, including any acquired subsequent to its
      execution and delivery hereof and prior to the effectiveness
      hereof.

     

    11.  GOVERNING
      LAW.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
      UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
      ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     

    *   *   *   *   *

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

     

    NAVISTAR
      FINANCIAL CORPORATION

                                     By:
      /s/  John V. Mulvaney Sr.

                                     Name: 
      John V. Mulvaney Sr.

                               
       Title:    V.P., CFO and Treasurer

     

     

     ARRENDADORA
      FINANCIERA NAVISTAR, S.A. 

     DE
      C.V., ORGANIZACIÓN AUXILIAR DEL CRÉDITO

                                     By:
/s/   
Jose
      A.
      Charon

     Name:   
      Jose A. Charon

     Title:    
      Attorney in Fact

                                    

     

                                    SERVICIOS
      FINANCIEROS
      NAVISTAR, S.A. 

                                    DE
      C.V., SOCIEDAD
      FINANCIERA DE OBJETO LIMITADO

                                    By:
      /s/   Jose A. Charon

                                    Name:   
      Jose A. Charon

                        Title:    
      Attorney in Fact

     

     

                                    NAVISTAR
      COMERCIAL,
      S.A. DE C.V.

                            
      By: /s/    Jose A. Charon

     Name:   
      Jose A. Charon

                                    
Title:
      Attorney in
      Fact

     

    JPMORGAN
      CHASE BANK, N.A. as Administrative Agent

                                    By:  /s/
      Richard W. Duker

    Name:
      Richard W. Duker

    Title:
      Managing Director

    

    
      
        [Signature
          Page to
          Waiver]

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