Document:

exv10w1

 

EXHIBIT 10.1

 

THIRD AMENDED AND RESTATED

STOCKHOLDERS AGREEMENT

BETWEEN

TRW AUTOMOTIVE HOLDINGS CORP.

AND

AUTOMOTIVE INVESTORS L.L.C.

 

Dated: May 29, 2007

 

 

 

 

Table of Contents

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	ARTICLE I DEFINITIONS	 	 	1	 
	 
	 	 	 	 	 	 	 	 
	 
	 	1.1	 	Definitions	 	 	1	 
	 
	 	1.2	 	Other Defined Terms	 	 	3	 
	 
	 	1.3	 	Rules of Construction	 	 	3	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE II REGISTRATION RIGHTS	 	 	3	 
	 
	 	 	 	 	 	 	 	 
	 
	 	2.1	 	Demand Registration Rights	 	 	3	 
	 
	 	2.2	 	Incidental Registration	 	 	5	 
	 
	 	2.3	 	Registration Procedures	 	 	6	 
	 
	 	2.4	 	Expenses	 	 	7	 
	 
	 	2.5	 	Indemnification	 	 	8	 
	 
	 	2.6	 	Lock-up Agreement	 	 	9	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE III COVENANTS	 	 	10	 
	 
	 	 	 	 	 	 	 	 
	 
	 	3.1	 	Books and Records	 	 	10	 
	 
	 	3.2	 	Periodic Reporting.	 	 	10	 
	 
	 	3.3	 	Confidentiality	 	 	10	 
	 
	 	3.4	 	Dissolution of AI LLC	 	 	11	 
	 
	 	3.5	 	Rule 144	 	 	11	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE IV MISCELLANEOUS	 	 	11	 
	 
	 	 	 	 	 	 	 	 
	 
	 	4.1	 	After-Acquired Securities	 	 	11	 
	 
	 	4.2	 	Recapitalization, Exchange, Etc	 	 	12	 
	 
	 	4.3	 	Notices	 	 	12	 
	 
	 	4.4	 	Successors and Assigns; Third Party Beneficiaries	 	 	12	 
	 
	 	4.5	 	Amendment and Waiver	 	 	13	 
	 
	 	4.6	 	Counterparts	 	 	13	 
	 
	 	4.7	 	Specific Performance	 	 	13	 
	 
	 	4.8	 	Headings	 	 	13	 
	 
	 	4.9	 	Severability	 	 	14	 
	 
	 	4.10	 	Entire Agreement	 	 	14	 
	 
	 	4.11	 	Term of Agreement	 	 	14	 
	 
	 	4.12	 	Further Assurances	 	 	14	 
	 
	 	4.13	 	Governing Law	 	 	14	 
	 
	 	4.14	 	Other Registration Rights	 	 	14	 
	 
	 	4.15	 	Consent to Jurisdiction; No Jury Trial	 	 	15	 

Exhibits

	 	 	 
	Exhibit A

	 	Form of Transfer Agreement

 

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	Exhibit B

	 	Form of Management Rights Letter Agreement

 

 

THIRD AMENDED AND RESTATED STOCKHOLDERS AGREEMENT

          This THIRD AMENDED AND RESTATED STOCKHOLDERS AGREEMENT (this “Agreement”), dated as of
May 29, 2007, is between TRW Automotive Holdings Corp., a Delaware corporation (including any
successor thereto, “Parent”), and Automotive Investors L.L.C., a Delaware limited liability
company (together with any successor thereto and any Permitted Transferee thereof that becomes a
party to this Agreement pursuant hereto, “AI LLC”). Unless otherwise provided in this
Agreement, capitalized terms used herein have the respective meanings given to them in Section 1.1.
Capitalized terms used herein and not otherwise defined herein have the respective meanings given
to them in the Master Purchase Agreement referred to below.

          WHEREAS, on February 28, 2003, the parties hereto and Northrop Grumman Corporation
(“Northrop Grumman”) entered into that certain Stockholders Agreement (as amended and
restated on January 21, 2004 and January 28, 2004, the “Original Stockholders Agreement”)
in connection with the Master Purchase Agreement, dated as of November 18, 2002, between BCP
Acquisition Company L.L.C., a Delaware limited liability company (“BCP LLC”), and Northrop
Grumman, as amended by Amendment No. 1 thereto, dated as of December 20, 2002, and Amendment No. 2
thereto, dated as of February 28, 2003 (as amended, the “Master Purchase Agreement”), among
BCP LLC, Northrop Grumman, TRW Inc. and TRW Automotive Inc.;

          WHEREAS, Northrop Grumman no longer owns any shares of the Parent;

          WHEREAS, the remaining parties to the Original Stockholders Agreement wish to set forth
certain understandings regarding the relationship among Parent and its shareholders and to amend
and restate the Original Stockholders Agreement.

          NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and
for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto agree to amend and restate the Original Stockholders Agreement as follows:

ARTICLE I

DEFINITIONS

          1.1 Definitions. As used in this Agreement, and unless the context requires a
different meaning, the following terms have the meanings indicated:

          “Affiliate” means with respect to any Person, any other Person directly or indirectly
controlling, controlled by or under common control with such Person.

          “Agreement” means this Agreement as the same may be amended, supplemented or modified
in accordance with the terms hereof.

 

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          “Commission” means the U.S. Securities and Exchange Commission or any similar agency
then having jurisdiction to enforce the Securities Act.

          “Common Stock” means the shares of common stock, par value $0.01 per share, of Parent
or any other capital stock of Parent into which such stock is reclassified or reconstituted and any
other common stock of Parent.

          “Common Stock Equivalents” means any security or obligation which is by its terms
convertible, exchangeable or exercisable into or for shares of Common Stock, whether at the time of
issuance or upon the passage of time or the occurrence of some future event.

          “Permitted Transferee” means, with respect to any Stockholder, any Affiliate thereof
to which Shares are Transferred provided that such Permitted Transferee agrees that it will
transfer its Shares back to the transferor Stockholder or to another Permitted Transferee thereof
prior to its ceasing to be an Affiliate of such transferor Stockholder.

          “Public Offering” means any firm commitment underwritten public offering of Common
Stock pursuant to an effective registration statement under the Securities Act, other than pursuant
to a registration statement on Form S-4 or Form S-8 or other limited purpose form.

          “Registrable Shares” means the Shares, provided that such Shares shall cease
to be Registrable Shares if and when (i) a registration statement with respect to the disposition
of such Shares shall have become effective under the Securities Act and such Shares shall have been
disposed of pursuant to such effective registration statement, (ii) such Shares shall have been
sold under circumstances in which all of the applicable conditions of Rule 144 (or any similar
provisions then in force) under the Securities Act are met, (iii) such Shares shall have been
otherwise transferred, new certificates not bearing restrictive legends shall have been delivered
by Parent in lieu thereof and further disposition thereof shall not require registration or
qualification of them under the Securities Act or any state securities or Blue Sky laws, (iv) such
Shares may be sold pursuant to Rule 144(k) under the Securities Act (unless such Shares are held by
a holder owning over 5% of all the then-outstanding shares of Common Stock) or (v) such Shares
shall have ceased to be outstanding.

          “Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and
regulations promulgated by the Commission thereunder.

          “Shares” means, with respect to each Stockholder, all shares, whether now owned or
hereafter acquired, of Common Stock, and any other Common Stock Equivalents owned thereby.

          “Stockholders” means each of AI LLC and any Permitted Transferee thereof to whom
Shares are transferred, and the term “Stockholder” shall mean any such person.

 

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          1.2 Other Defined Terms. The following capitalized terms are defined in this
Agreement in the Section indicated below:

	 	 	 
	Defined Term	 	Section
	Agreement
	 	Preamble
	AI LLC
	 	Preamble
	BCP LLC
	 	Recitals
	Blackstone Members
	 	3.4
	Demand Date
	 	2.1(a)
	Exchange Act
	 	3.5
	Initiating Stockholder
	 	2.1(a)
	Master Purchase Agreement
	 	Recitals
	Maximum Number
	 	2.1(c)
	Original Stockholders Agreement
	 	Recitals
	Parent
	 	Preamble
	Request
	 	2.1(a)
	Shelf Registration
	 	2.1(e)

          1.3 Rules of Construction. Unless the context otherwise requires, references to
sections or subsections refer to sections or subsections of this Agreement.

ARTICLE II

REGISTRATION RIGHTS

          2.1 Demand Registration Rights.

          (a) If at any time (the “Demand Date”), Parent shall receive a written request (a
“Request”) from one or more Stockholder(s) to register Registrable Shares owned by such
Stockholder(s) totaling at least 5% of the then-outstanding shares of Common Stock, which request
shall specify the intended method of disposition thereof, Parent shall promptly give notice of such
request to the other Stockholders and thereupon shall (i) prepare and file a registration statement
under the Securities Act covering (A) the number of the Registrable Shares which are the subject of
such request, (B) all unissued shares of Common Stock which Parent has elected to register for
itself and (C) all other Registrable Shares which the Stockholders shall have requested Parent to
register pursuant to Section 2.2 and (ii) use its commercially reasonable efforts to cause such
registration statement to become effective. The managing underwriter of an offering pursuant
to this subparagraph (a) shall be selected by the Stockholders initiating the Request (the
“Initiating Stockholders”) and shall be reasonably acceptable to Parent.

          (b) A registration requested pursuant to this Section 2.1 shall not be deemed to have been
effected for purposes of Section 2.1(d): (i) if it has become effective and remains effective in
compliance with the provisions of the Securities Act but less than 50% of all Registrable Shares
listed in the Request to be included in such registration statement have been disposed of in
accordance with the intended methods of

 

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disposition thereof set forth in such registration
statement (other than primarily as a result of acts or omissions of the Initiating Stockholders or
any authorized agent thereof); (ii) if, before the registration statement has been declared
effective by the Commission, such registration statement has theretofore been filed with the
Commission, and is withdrawn at the request of the Initiating Stockholder(s), and the Initiating
Stockholder(s) elect to bear their own expenses and reimburse Parent for all out-of-pocket expenses
incurred by it attributable to the attempted registration of such Registrable Shares; or (iii) if,
after it has become effective, the offering of the Registrable Shares pursuant to such registration
is interfered with by any stop order, injunction or other order or requirement of the Commission or
other Governmental Body (for any reason not attributable to Parent or any of its Affiliates). If a
registration statement filed by Parent at the request of the Initiating Stockholder(s) pursuant to
this Section 2.1 is withdrawn at the initiative of Parent, then the Initiating Stockholder(s) shall
not be deemed to have exercised a right to require Parent to register Registrable Shares pursuant
to this Section 2.1.

          (c) If a demand registration pursuant to this Section 2.1 involves an underwritten offering
and the managing underwriter advises Parent in writing that, in its opinion, the number of
securities requested to be included in such registration (including securities of Parent which are
not Registrable Shares) exceeds the maximum number of securities which can be sold in such offering
without having an adverse effect on the offering of securities (including the price at which such
securities could be offered) (the “Maximum Number”), Parent will include in such
registration shares of Common Stock as follows: (i) first, the number of Registrable Shares
requested to be registered by the Initiating Stockholder(s) pursuant to this Section 2.1 and the
number of Registrable Shares requested to be registered by any other Stockholder(s) pursuant to
Section 2.2, provided that if such amounts exceed the Maximum Number, such Registrable
Shares shall be allocated amongst the Initiating Stockholder(s) and such other Stockholder(s) in
proportion to their respective holdings of Shares at such time (up to the maximum amount requested
by each); (ii) second, the number of shares requested to be registered by any other holders of
capital stock of Parent having equivalent rights under similar agreements, pro rata in accordance
with the number of shares so requested to be registered; and (iii) third, the number of shares
proposed to be sold by Parent.

          (d) Subject to subparagraph (b) of this Section 2.1, the obligation of Parent under this
Section 2.1 shall be limited to five registration statements for any Initiating Stockholder and its
Affiliates. Subject to the election of the Initiating Stockholder to pay certain expenses pursuant
to Section 2.1(b), Parent shall pay the
expenses described in Section 2.4 in connection with any registration statement filed pursuant
to this Section 2.1.

          (e) Initiating Stockholders shall be permitted to request that any registration under this
Section 2.1 be made under Rule 415 under the Securities Act (the “Shelf Registration”).
Parent shall use its commercially reasonable efforts to keep the Shelf Registration continuously
effective for two years or until such date on which there are no Registrable Securities covered by
such registration. During the period during which the Shelf Registration is effective, Parent
shall supplement or make amendments to the Shelf Registration, if required by the Securities Act or
if reasonably requested by the

 

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Initiating Stockholders or an underwriter of Registrable Securities,
including to reflect any specific plan of distribution or method of sale, and shall use its
reasonable best efforts to have such supplements and amendments declared effective, if required, as
soon as practicable after filing.

          (f) Notwithstanding the foregoing provisions of this Section 2.1, if the managing underwriter,
the Commission, the Securities Act or the form on which the registration statement is to be filed
with respect to a requested registration would require the conduct of an audit other than the
regular audit conducted by Parent at the end of its fiscal year, the filing of the registration
statement requested pursuant to this Section may be delayed until the completion of such regular
audit.

          2.2 Incidental Registration.

          (a) If, at any time after the Demand Date, Parent, for its own account or upon the request of
any Initiating Stockholder(s), determines to proceed with the preparation and filing of a
registration statement under the Securities Act in connection with the proposed registration or
offer and sale of Common Stock (other than a registration statement on Form S-4, S-8, or other
limited purpose form), Parent will give written notice of such determination to the Stockholders.
Upon written request of any Stockholder given within 10 business days after receipt of any such
notice from Parent, Parent will, except as herein provided, cause all Registrable Shares held by
such Stockholder which have been requested to be included in the registration to be included in
such registration statement; provided, however, that nothing herein shall prevent
Parent from, at any time, abandoning or delaying any registration.

          (b) If any Public Offering pursuant to this Section 2.2 shall be underwritten on a firm
commitment basis, in whole or in part, Parent may require that the Common Stock requested for
inclusion pursuant to this Section 2.2 be included in such Public Offering on the same terms and
conditions as the securities otherwise being sold through the underwriters. If, upon the written
advice of the managing underwriter of such Public Offering, the number of securities requested to
be included in such registration (including securities of Parent which are not Registrable Shares)
exceeds the Maximum Number, Parent will include in such registration such maximum number of shares
of Common Stock as follows: (i) if such registration has been initiated by one or
more Initiating Stockholders in the manner provided in Section 2.1(c); or (ii) if such
registration has been initiated by Parent, then (A) first, the shares of Common Stock Parent
proposes to sell for its own account, (B) second, the number of Registrable Shares requested to be
included in such registration by the Stockholders and shares requested to be included in such
registration by any other holders of capital stock having equivalent rights under similar
agreements, and if such amounts, when taken together with the amounts referred to in clause (ii)(A)
above, exceed the Maximum Amount, then the requests referred to in this clause (B) shall be
allocated in proportion to all such holders’ respective holdings of shares of Common Stock at such
time (up to the maximum amount requested by each).

 

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          2.3 Registration Procedures. If and whenever Parent is required by the provisions of
Section 2.1 or 2.2 to effect the registration of Registrable Shares under the Securities Act,
Parent will:

          (a) prepare and file with the Commission a registration statement with respect to such
Registrable Shares, and use its commercially reasonable efforts to cause such registration
statement to become and remain effective for such period as may be reasonably necessary to effect
the sale of such Registrable Shares, which, except in the case of a Shelf Registration, shall not
exceed 180 days; provided, however, that Parent may discontinue any registration of
its securities that is being effected pursuant to Section 2.2 at any time;

          (b) prepare and file with the Commission such amendments to such registration statement and
supplements to the prospectus contained therein as may be necessary to keep such registration
statement effective for such period as may be reasonably necessary to effect the sale of such
Registrable Shares, which, except in the case of a Shelf Registration, shall not exceed 180 days;
provided, however, that Parent may discontinue any registration of its securities
that is being effected pursuant to Section 2.2 at any time;

          (c) furnish to the Stockholders participating in such registration and to the underwriters of
the securities being registered such reasonable number of copies of the registration statement,
preliminary prospectus, final prospectus and such other documents as such underwriters may
reasonably request in order to facilitate the public offering of such Registrable Shares;

          (d) use its commercially reasonable efforts to register or qualify the securities covered by
such registration statement under such state securities or Blue Sky laws of such jurisdictions as
such participating Stockholders may reasonably request within 20 days following the original filing
of such registration statement, except that Parent shall not for any purpose be required to execute
a general consent to service of process or to qualify to do business as a foreign corporation in
any jurisdiction wherein it is not so qualified;

          (e) notify such participating Stockholders, promptly after it shall receive notice thereof, of
the time when such registration statement has become effective or a supplement to any prospectus
forming a part of such registration statement has been filed;

          (f) notify the participating Stockholders in the event that Parent becomes aware that any
prospectus required to be delivered by Stockholders pursuant to the Securities Act contains an
untrue statement of a material fact or fails to state a material fact necessary to make the
statements therein, in the light of the circumstances in which they were made, not misleading and,
at the request of any such Stockholder, prepare, promptly file with the Commission and deliver to
such Stockholder such amendments or supplements to the prospectus as may be necessary so that the
prospectus, as so amended or supplemented, shall not contain an untrue statement of a material fact

 

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or fail to state a material fact necessary to make the statements therein, in the light of the
circumstances in which they were made, not misleading;

          (g) advise such Stockholders, promptly after it shall receive notice or obtain knowledge
thereof, of the issuance of any stop order by the Commission suspending the effectiveness of such
registration statement or the initiation or threatening of any proceeding for that purpose and
promptly use its best efforts to prevent the issuance of any stop order or to obtain its
withdrawal, if such stop order should be issued;

          (h) if such registration statement includes an underwritten public offering, enter into a
customary underwriting agreement and, at the closing provided for in such underwriting agreement
provide such of the following documents as are required thereunder: (i) an opinion or opinions of
counsel to Parent; and (ii) a cold comfort letter or letters from the independent certified public
accountants of Parent covering such matters as are customarily covered by such letters; and

          (i) provide, and cause management of Parent to provide, reasonable and customary assistance to
the Stockholders in connection with the marketing of such Public Offering.

          It shall be a condition precedent to the obligation of Parent to take any action pursuant to
this Agreement in respect of the Registrable Shares which are to be registered at the request of
any Stockholder that such Stockholder shall furnish to Parent such information regarding the
Registrable Shares held by such Stockholder and the intended method of disposition thereof as
Parent shall reasonably request in connection with such registration.

          Each Stockholder agrees that, upon receipt of any notice from Parent of the happening of any
event of the kind described in Section 2.3(f), such Stockholder will forthwith discontinue
disposition of Registrable Shares pursuant to the registration statement covering such Registrable
Shares until such Stockholder receives the copies of the prospectus supplement or amendment
contemplated by Section 2.3(f), and, if so directed by Parent, such Stockholder will deliver to
Parent all copies, other than permanent file copies, then in such Stockholder’s possession, of the
prospectus covering
such Registrable Shares current at the time of receipt of such notice. In the event Parent
shall give any such notice, the period mentioned in Section 2.3(b) shall be extended by the greater
of (i) 30 days or (ii) the number of days during the period from and including the date of the
giving of such notice pursuant to Section 2.3(f) to and including the date when such Stockholder
shall have received the copies of the prospectus supplement or amendment contemplated by Section
2.3(f).

          2.4 Expenses. With respect to a registration requested pursuant to Section 2.1
(except as otherwise provided in such Section with respect to registrations voluntarily terminated
at the request of the Stockholders that elect to pay certain expenses) and with respect to each
inclusion of Registrable Shares in a registration statement pursuant to Section 2.2, Parent shall
bear the following fees, costs and expenses: all registration, filing and listing fees, printing
expenses, fees and

 

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disbursements of counsel, fees and disbursements of accountants, all legal fees
and disbursements and other expenses of complying with state securities or Blue Sky laws of any
jurisdictions in which the securities to be offered are to be registered or qualified, and the
reasonable fees and disbursements of the transferring Stockholders; provided that such
Stockholders shall bear their own underwriting discounts and commissions and transfer taxes.

          2.5 Indemnification.

          (a) Parent will indemnify and hold harmless each Stockholder whose Registrable Shares are
included in a registration statement pursuant to the provisions of Section 2.1 or 2.2, each
officer, director and Affiliate of each such Stockholder, any underwriter (as defined in the
Securities Act) for such Stockholder and each Person, if any, who controls such Stockholder or such
underwriter within the meaning of the Securities Act, from and against any and all loss, damage,
liability, cost and expense to which such Stockholder, director, officer, Affiliate, underwriter or
controlling Person may become subject under the Securities Act or otherwise, insofar as such
losses, damages, liabilities, costs or expenses are caused by any untrue statement or alleged
untrue statement of any material fact contained in such registration statement, any final
prospectus relating thereto or any amendment or supplement thereto, or arise out of or are based
upon the omission or alleged omission to state therein a material fact required to be stated
therein or necessary to make the statements therein, in light of the circumstances in which they
were made, not misleading; provided, however, that Parent will not be liable in any
such case to the extent that any such loss, damage, liability, cost or expense arises out of or is
based upon an untrue statement or alleged untrue statement or omission or alleged omission so made
in reliance upon and in strict conformity with written information furnished by such Stockholder,
such underwriter or such controlling person in writing specifically for use in the preparation
thereof.

          (b) Each Stockholder whose Shares are included in a registration pursuant to Section 2.1 or
2.2 will indemnify and hold harmless Parent, any director or
officer thereof, any underwriter and any controlling Person (within the meaning of the
Securities Act) of Parent or any such underwriter from and against any and all loss, damage,
liability, cost or expense to which Parent or such director, officer, underwriter or controlling
Person may become subject under the Securities Act or otherwise, insofar as such losses, damages,
liabilities, costs or expenses are caused by any untrue or alleged untrue statement of any material
fact contained in such registration statement, any final prospectus relating thereto or any
amendment or supplement thereto, or arise out of or are based upon the omission or the alleged
omission to state therein a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances in which they were made, not misleading, in each
case to the extent, but only to the extent, that such untrue statement or alleged untrue statement
or omission or alleged omission was so made in reliance upon and in strict conformity with written
information furnished by such Stockholder specifically for use in the preparation thereof.

          (c) Promptly after receipt by an indemnified party pursuant to the provisions of subparagraph
(a) or (b) of this Section 2.5 of notice of the commencement

 

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of any action involving the subject
matter of the foregoing indemnity provisions, such indemnified party will, if a claim thereof is to
be made against the indemnifying party pursuant to the provisions of said subparagraphs (a) or (b),
promptly notify the indemnifying party of the commencement thereof; but the omission to so notify
the indemnifying party will not relieve it from any liability which it may have to any indemnified
party under this Section 2.5, except to the extent the indemnifying party was prejudiced by such
omission. In case such action is brought against any indemnified party and it notifies the
indemnifying party of the commencement thereof, the indemnifying party shall have the right to
participate in, and, to the extent that it may wish, jointly with any other indemnifying party
similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such
indemnified party; provided, however, that if the defendants in any action include
both the indemnified party and the indemnifying party and there is a conflict of interest which
would prevent counsel for the indemnifying party from also representing the indemnified party, the
indemnified party or parties shall have the right to select one firm of separate counsel
satisfactory to the indemnifying party to participate in the defense of such action on behalf of
all indemnified parties. After notice from the indemnifying party to such indemnified party of its
election so to assume the defense thereof, the indemnifying party will not be liable to such
indemnified party pursuant to the provisions of said subparagraphs (a) or (b) for any legal or
other expense subsequently incurred by such indemnified party in connection with the defense
thereof, other than reasonable costs of investigation, unless (i) the indemnified party shall have
employed counsel in accordance with the proviso of the preceding sentence, in which case only the
reasonable fees and expenses of such single firm shall be indemnifiable; (ii) the indemnifying
party shall not have employed counsel reasonably satisfactory to the indemnified party to represent
the indemnified party within a reasonable time after the notice of the commencement of the action;
or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party
at the expense of the indemnifying party.

          (d) The obligations of the parties under this Section 2.5 shall be in addition to any
liability, which any party may otherwise have to any other party.

          (e) The indemnification required by this Section 2.5 shall be made by periodic payments of the
amount thereof during the course of the investigation or defense, as and when bills are received or
loss, damage, liability, cost or expense is incurred.

          2.6 Lock-up Agreement. If any registration of Registrable Shares shall be in
connection with an underwritten public offering, each Stockholder agrees not to, and shall use its
best efforts to cause its Affiliates not to, effect any transfer, sale or distribution (except as a
participant in such underwritten public offering or from one party (or its Affiliate) to another
party (or its Affiliate)), including any sale pursuant to Rule 144 under the Securities Act, of any
equity securities of Parent, or of any security convertible into or exchangeable or exercisable for
any equity security of Parent (in each case, except as a participant in such underwritten public
offering or from one party (or its Affiliate) to another party (or its Affiliate)), during the
seven days prior to, and during the 180-day period (or such shorter period as the managing
underwriters may require or

 

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permit) beginning on, the effective date of such registration, and
Parent hereby also so agrees and agrees to use reasonable efforts to cause each other holder (other
than employees who are not executive officers of Parent) of any equity security, or of any security
convertible into or exchangeable or exercisable for any equity security, of Parent purchased from
Parent (at any time other than in a public offering) to so agree. Parent agrees that any agreement
entered into after the date of this Agreement pursuant to which Parent issues or agrees to issue
any privately placed Common Stock, Common Stock Equivalent or other securities shall contain a
provision under which holders of such securities agree not to effect any transfer, sale or
distribution of any such securities during the period referred to in the preceding sentence,
including any sale pursuant to Rule 144 under the Securities Act (except as part of such
registration, if permitted).

ARTICLE III

COVENANTS

          3.1 Books and Records. Parent shall, and shall cause its Subsidiaries to, keep proper
books or records and account, in which full and correct entries shall be made of all financial
transactions and the assets and business of Parent and each of its Subsidiaries in accordance with
generally accepted accounting principles.

          3.2 Periodic Reporting.

          (a) Parent shall deliver to each Stockholder:

          (i) as soon as available, but not later than 90 days after the end of each fiscal year
of Parent, a copy of the audited consolidated balance sheet of Parent and its Subsidiaries
as of the end of such fiscal year and the related
statements of operations and cash flows for such fiscal year, setting forth in each
case in comparative form the figures for the previous year, all in reasonable detail;

          (ii) commencing with the fiscal period ending on March 31, 2003, as soon as available,
but in any event not later than 45 days after the end of each of the first three fiscal
quarters of each fiscal year, the unaudited consolidated balance sheet of Parent and its
subsidiaries, and the related statements of operations and cash flows for such quarter and
for the period commencing on the first day of the fiscal year and ending on the last day of
such quarter; and

          (b) Parent shall deliver to each Stockholder that, together with its Affiliates, owns at least
18% of the then-outstanding Shares of Common Stock such other reports and information as may be
reasonably requested by such Stockholder.

          3.3 Confidentiality. Except as required by law or other legal proceeding, each party
hereto will, and will cause each of their respective Subsidiaries, Affiliates and representatives
to, maintain in confidence, any nonpublic or confidential proprietary information furnished to them
by or on behalf of any other party or its representatives in connection with this Agreement or the
transactions contemplated

 

11

hereby. All information provided under this Agreement shall be deemed
confidential; provided, however, that information shall not be deemed confidential
if (a) at the time of disclosure, such information is generally available to and known by the
public (other than as a result of a disclosure directly by the recipient or any of its
representatives), (b) such information was available to the recipient on a non-confidential basis
from a source that is not and was not prohibited from disclosing such information to the recipient
by a contractual, legal or fiduciary obligation or (c) such information is known to the recipient
prior to or independently of its relationship with the party providing such information.

          3.4 Dissolution of AI LLC. In the event of a dissolution of AI LLC, each of Parent
and the Stockholders agrees (a) for the benefit of the members of AI LLC which are Affiliates of
Blackstone Management Associates IV L.L.C. (the “Blackstone Members”) that it will enter
into agreements with the Blackstone Members with respect to the Shares which are designed to
reflect the rights and obligations of the parties under this Agreement and the Amended and Restated
Limited Liability Company Agreement, dated as of February 26, 2003 (as the same may be amended,
supplemented or modified), and (b) that Parent shall enter into a management rights letter
agreement, in the form of Exhibit B hereto, with each member of AI LLC which becomes a
stockholder of Parent as a result of such dissolution and which is intended to qualify as a venture
capital operating company (as defined in Department of Labor Regulation 29 C.F.R. Section
2510.3-101(d)(3)(i).

          3.5 Rule 144. If Parent is subject to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), Parent covenants that it will file any
reports required to be filed by it under the Exchange Act, and it will take such further action as
any Stockholder may reasonably request, so as to enable such Stockholder, to the extent permitted
by this Agreement, to sell Registrable Shares without registration under the Securities Act within
the limitation of the exemptions provided by (a) Rule 144 under the Securities Act, as such Rule
may be amended from time to time, or (b) any similar rule or regulation hereafter adopted by the
Securities and Exchange Commission. Upon the request of any Stockholder, Parent will deliver to
such Stockholder a written statement as to whether it has complied with such requirements.

ARTICLE IV

MISCELLANEOUS

          4.1 After-Acquired Securities. All of the provisions of this Agreement shall apply to
all of the Shares and Common Stock Equivalents now owned or which may be issued or transferred
hereafter to a Stockholder in consequence of any additional issuance, purchase, exchange or
reclassification of any of such Shares or Common Stock Equivalents, corporate reorganization, or
any other form of recapitalization, consolidation, merger, share split or share dividend, or which
are acquired by a Stockholder in any other manner.

 

12

          4.2 Recapitalization, Exchange, Etc. The provisions of this Agreement shall apply, to
the full extent set forth herein with respect to the Shares and the Common Stock Equivalents, to
any and all shares of capital stock of Parent, Common Stock Equivalents or other securities of
Parent that may be issued in respect of, in exchange for, or in substitution of the Shares or
Common Stock Equivalents, and shall be appropriately adjusted for any stock dividends, splits,
reverse splits, combinations, reclassifications, recapitalizations and the like occurring after the
date of this Agreement. If, and as often as, there are any changes in the Shares or the Common
Stock Equivalents, by way of any stock dividends, splits, reverse splits, combinations, or
reclassifications, or through merger, consolidation, reorganization or recapitalization or by any
other means occurring after the date of this Agreement, appropriate adjustment shall be made to the
provisions of this Agreement, as may be required, so that the rights, privileges, duties and
obligations hereunder shall continue with respect to the Shares and Common Stock Equivalents as so
changed.

          4.3 Notices. All notices, demands or other communications provided for or permitted
hereunder shall be made in writing and shall be by registered or certified first class mail, return
receipt requested, telecopier, courier service, or personal delivery:

          (a) if to Parent:

TRW Automotive Holdings Corp.

12001 Tech Center Drive

Livonia, Michigan 48150

Telecopy:

Attention: David Bialosky

          (b) if to AI LLC:

c/o The Blackstone Group L.P.

345 Park Avenue, 31st Floor

New York, NY 10154

Telecopy: (212) 583-5258

Attention: Neil P. Simpkins

          (c) if to any Permitted Transferee, at its address as it appears on the record books of
Parent.

All such notices, demands and other communications shall be deemed to have been duly given when
delivered by hand, if personally delivered; when delivered by courier, if delivered by commercial
courier service; five business days after being deposited in the mail, postage prepaid, if mailed;
and when receipt is mechanically acknowledged, if telecopied. Any party may by notice given in
accordance with this Section 4.3 designate another address or Person for receipts of notices
hereunder.

          4.4 Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to
the benefit of and be binding upon successors and permitted

 

13

assigns of the parties hereto. This
Agreement is not assignable except in connection with a transfer of Shares in which (a) the
transferee has agreed in writing to be bound by the terms and conditions of this Agreement pursuant
to an instrument substantially in the form attached hereto as Exhibit A, (b) the transfer complies
in all respects with the applicable provisions of this Agreement and (c) the transfer complies in
all respects with applicable federal and state securities laws, including, without limitation, the
Securities Act. Upon becoming a party to this Agreement, the transferee of a Stockholder shall be
substituted for, and shall enjoy the same rights and be subject to the same obligations as, a
Stockholder hereunder with respect to the Shares transferred to such transferee; provided, however,
that AI LLC may assign its rights and obligations under this Agreement to a group consisting of the
members of AI LLC. Except as provided in Section 3.4, no Person other than the parties hereto and
their successors and permitted assigns is intended to be a beneficiary of this Agreement.

          4.5 Amendment and Waiver.

          (a) No failure or delay on the part of any party hereto in exercising any right, power or
remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any
such right, power or remedy preclude any other or further exercise thereof or the exercise of any
other right, power or remedy. The remedies provided for herein are cumulative and are not
exclusive of any remedies that may be available to the parties hereto at law, in equity or
otherwise.

          (b) Except as otherwise provided herein, any amendment, supplement or modification of or to
any provision of this Agreement shall be effective only if it is made or given in writing and
signed by each of Parent and AI LLC. Any waiver of any provision of this Agreement and any consent
to any departure by any party from the terms of any provision of this Agreement shall be effective
only if it is in writing and signed by the party waiving its right or consenting to such departure.
Any such amendment, supplement, modification, waiver or consent shall be binding upon Parent and
all of the Stockholders.

          4.6 Counterparts. This Agreement may be executed in any number of counterparts, each
of which when so executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement. Any counterpart or other signature hereupon delivered by
facsimile shall be deemed for all purposes as constituting good and valid execution and delivery of
this Agreement by such party.

          4.7 Specific Performance. The parties hereto intend that each of the parties have the
right to seek damages or specific performance in the event that any other party hereto fails to
perform such party’s obligations hereunder. Therefore, if any party shall institute any action or
proceeding to enforce the provisions hereof, any party against whom such action or proceeding is
brought hereby waives any claim or defense therein that the plaintiff party has an adequate remedy
at law.

          4.8 Headings. The headings in this Agreement are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.

 

14

          4.9 Severability. If any one or more of the provisions contained herein, or the
application thereof in any circumstance, is held invalid, illegal or unenforceable in any respect
for any reason, the validity, legality and enforceability of any such provision in every other
respect and of the remaining provisions hereof shall not be in any way impaired, unless the
provisions held invalid, illegal or unenforceable shall substantially impair the benefits of the
remaining provisions hereof.

          4.10 Entire Agreement. This Agreement, together with the exhibits hereto, is intended by the parties as a final
expression of their agreement and intended to be a complete and exclusive statement of the
agreement and understanding of the parties hereto in respect of the subject matter contained herein
and therein. There are no restrictions, promises, representations, warranties or undertakings,
other than those set forth or referred to herein or therein. This Agreement, together with the
exhibits hereto, supersedes all prior agreements and understandings among the parties with respect
to such subject matter.

          4.11 Term of Agreement. This Agreement shall become effective upon the execution
hereof and shall terminate upon the earlier of:

          (a) the tenth anniversary of the date of this Agreement; and

          (b) the written agreement of each of the parties hereto.

          4.12 Further Assurances. Each of the parties shall, and shall cause their respective
Affiliates to, execute such documents and perform such further acts as may be reasonably required
or desirable to carry out or to perform the provisions of this Agreement.

          4.13 Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware, without regard to its conflict of laws principles.

          4.14 Other Registration Rights.

          (a) Parent hereby agrees that it will not grant to any Person (other than the Stockholders)
any rights to demand registration under the Securities Act of any shares of its Common Stock,
Common Stock Equivalents or other equity securities.

          (b) If Parent at any time grants to any other holders of Common Stock, Common Stock
Equivalents or other equity securities of Parent any rights to request Parent to effect the
incidental registration under the Securities Act of any such securities on any terms more favorable
to such holders than the terms set forth in this Agreement, the terms of this Agreement shall, at
the request of any Stockholder, be deemed amended or supplemented to the extent necessary to
provide the Stockholders such more favorable rights and benefits.

 

15

          (c) Parent agrees that it will not enter into, or cause or permit any of its subsidiaries to
enter into, any agreement which conflicts with, limits or prohibits the exercise of the rights
granted to the Stockholders in this Agreement.

          4.15 Consent to Jurisdiction; No Jury Trial. Any legal action, suit or proceeding
arising out of or relating to this Agreement may be instituted in any federal court in the Southern
District of New York, or in any state court in which venue would otherwise be properly located in
the Southern District of New York, and each party waives any objection which such party may now or
hereafter have to the laying of the venue of any such action, suit or proceeding, and irrevocably
submits to the jurisdiction of any such court. Any and all service of process and any other notice
in any such action, suit or proceeding will be effective against any party if given as provided
herein. Nothing herein contained will be deemed to affect the right of any party to serve process
in any manner permitted by law or to commence legal proceedings or otherwise proceed against any
other party in any jurisdiction other than New York. THE PARTIES HEREBY WAIVE TRIAL BY JURY IN ANY
ACTION, SUIT PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF THEM AGAINST THE OTHER IN ANY MATTERS
ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT.

 

 

          IN WITNESS WHEREOF, the undersigned have executed, or have caused to be executed, this
Agreement on the date first written above.

	 	 	 	 	 	 	 
	 	 	TRW AUTOMOTIVE HOLDINGS CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David L. Bialosky
 

	 	 
	 

	 	 	 	Name: David L. Bialosky

Title: Executive Vice President, General Counsel and
Secretary	 	 

 

 

	 	 	 	 	 	 	 
	 	 	AUTOMOTIVE INVESTORS L.L.C.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Neil P. Simpkins
 

	 	 
	 

	 	 	 	Name: Neil P. Simpkins	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 

 

 

Exhibit A

ACKNOWLEDGMENT AND AGREEMENT

          The undersigned wishes to receive from
[                    ] (“Transferor”) [certain shares or
certain options, warrants or other rights to purchase] [                    ] shares, par value $0.01 per
share, of Common Stock (the “Shares”) of TRW Automotive Holdings Corp., a Delaware
corporation (“Parent”).

          The Shares are subject to the Third Amended and Restated Stockholders Agreement, dated as of
May [___], 2007 (the “Agreement”), among Parent and the other parties listed on the
signature pages thereto. The undersigned has been given a copy of the Agreement and afforded ample
opportunity to read and to have counsel review it, and the undersigned is thoroughly familiar with
its terms.

          Pursuant to the terms of the Agreement, the transferor is prohibited from transferring such
Shares and Parent is prohibited from registering the transfer of the Shares unless and until a
transfer is made in accordance with the terms and conditions of the Agreement and the recipient of
such Shares acknowledges the terms and conditions of the Agreement and agrees to be bound thereby.

          The undersigned wishes to receive such Shares and have Parent register the transfer of such
Shares.

          In consideration of the mutual promises contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce the
transferor to transfer such Shares to the undersigned and Parent to register such transfer, the
undersigned does hereby acknowledge and agree that (i) he/she has been given a copy of the
Agreement and afforded ample opportunity to read and to have counsel review it, and the undersigned
is thoroughly familiar with its terms, (ii) the Shares are subject to the terms and conditions set
forth in the Agreement, and (iii) the undersigned does hereby agree fully to be bound thereby as a
“Stockholder”.

This                      day of
                    , 20___.

 

 

Exhibit B

FORM OF

MANAGEMENT RIGHTS LETTER AGREEMENT

TRW Automotive Holdings Corp.

                     ___, 20___1

[List each VCOC investor in AI LLC which becomes a shareholder in TRW Automotive Holdings Corp.
upon the dissolution of AI LLC]

Attention:

Dear Sir/Madam:

          Reference is made to the Third Amended and Restated Stockholders Agreement by and among TRW
Automotive Holdings Corp. (the “Parent”) and the other parties named therein dated as of
May [___], 2007 (the “Stockholders Agreement”). Capitalized terms used herein without
definition have the meanings specified in the Stockholders Agreement.

          The Parent hereby agrees that until, with respect to any of the addressees of this letter
(each, a “VCOC Investor”), such time as such VCOC Investor (together with its affiliates)
ceases to own a number of Shares equal to or in excess of 50% of the number of Shares for which
such VCOC Investor’s initial membership interest in AI LLC as of February 28, 2003 would have been
converted or exchanged upon the dissolution of AI LLC (or the securities into which such Shares may
have been converted or for which they may have been exchanged) (as equitably adjusted to reflect
any stock splits, reverse stock splits or other corporate reorganizations), without limitation or
prejudice of any the rights provided to the VCOC Investors under the Stockholders Agreement, the
Parent shall:

	•	 	Provide each VCOC Investor or its designated representative with:

          (i) the right to visit and inspect any of the offices and properties of the Parent and
its subsidiaries and inspect and copy the books and records of the Parent and its
subsidiaries, at such times as the VCOC Investor shall reasonably request;

          (ii) as soon as available and in any event within 45 days after the end of each of the
first three quarters of each fiscal year of the Parent, consolidated balance sheets of the
Parent and its subsidiaries as of the end of such period, and consolidated statements of
income and cash flows of the Parent and its subsidiaries for the period then ended

 

			
	1	 	To be dated the date of the dissolution of
Automotive Investors L.L.C.

 

 

prepared in conformity with generally accepted accounting principles in the United States
applied on a consistent basis, except as otherwise noted therein, and subject to the absence
of footnotes and to year-end adjustments;

          (iii) as soon as available and in any event within 120 days after the end of each
fiscal year of the Parent, a consolidated balance sheet of the Parent and its subsidiaries
as of the end of such year, and consolidated statements of income and cash flows of the
Parent and its subsidiaries for the year then ended prepared in conformity with generally
accepted accounting principles in the United States applied on a consistent basis, except as
otherwise noted therein, together with an auditor’s report thereon of a firm of established
national reputation; and

          (iv) to the extent the Parent is required by law or pursuant to the terms of any
outstanding indebtedness of the Parent to prepare such reports, any annual reports,
quarterly reports and other periodic reports pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934, actually prepared by the Parent as soon as available.

	•	 	Make appropriate officers and/or directors of the Parent available
periodically and at such times as reasonably requested by the VCOC
Investor for consultation with the VCOC Investor or its designated
representative with respect to matters relating to the business
and affairs of the Parent and its subsidiaries, including, without
limitation, significant changes in management personnel and
compensation of employees, introduction of new products or new
lines of business, important acquisitions or dispositions of
plants and equipment, significant research and development
programs, the purchasing or selling of important trademarks,
licenses or concessions or the proposed commencement or compromise
of significant litigation;
	 
	•	 	Inform the VCOC Investor or its designated representative in
advance with respect to any significant corporate actions,
including, without limitation, extraordinary dividends, mergers,
acquisitions or dispositions of assets, issuances of significant
amounts of debt or equity and material amendments to the
certificate of incorporation or by laws of the Parent, and to
provide the VCOC Investor or its designated representative with
the right to consult with the Parent with respect to such actions;
and
	 
	•	 	Provide the VCOC Investor or its designated representative with
such other rights of consultation, if any, as may reasonably be
mutually agreed by the VCOC Investor and the Parent as a result of
change in law or issuance of additional interpretive guidance by
the Department of Labor after the date hereof to be necessary to
qualify its investment in the Parent as a “venture capital
investment” for purposes of the United States Department of Labor
Regulation published at 29 C.F.R. Section 2510.3-101(d)(3)(i) (the
“Plan Asset Regulation”).

          The Parent agrees to consider, in good faith, the recommendations of the VCOC Investor or its
designated representative in connection with the matters on which it is consulted as described
above, recognizing that the ultimate discretion with respect to all such matters shall be retained
by the Parent.

 

 

          In the event the VCOC Investor transfers all or any portion of their investment in the Parent
to an affiliated entity that is intended to qualify as a venture capital operating company under
the Plan Asset Regulation, such transferee shall be afforded the same rights with respect to the
Parent afforded to the VCOC Investor hereunder and shall be treated, for such purposes, as a third
party beneficiary hereunder.

          This letter agreement and the rights and the duties of the parties hereto shall be governed
by, and construed in accordance with, the laws of the State of New York and may be executed in
counterparts, each of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same instrument.

	 	 	 	 	 	 	 
	 	 	TRW AUTOMOTIVE HOLDINGS CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

Agreed and acknowledged as of the

date first above written:

[VCOC FUND]

	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

[VCOC FUND]

	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

[VCOC FUND]

	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:	 	 
	 	 	Title:exv4w1

 

EXHIBIT 4.1

SECOND SUPPLEMENTAL INDENTURE

     This SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), is made as of May
25, 2007, by HLI OPERATING COMPANY, INC. (the “Company”), each of the Guarantors listed on
the signature pages hereto, and U.S. BANK NATIONAL ASSOCIATION, as Trustee (the “Trustee”).

R E C I T A L S

     WHEREAS, the Company, the Guarantors, and the Trustee have entered into the Indenture, dated
as of June 3, 2003, as amended as of June 9, 2003 (as so amended, the “Indenture”)
providing for the issuance by the Company of $250,000,000 of 10 1/2% Senior Notes due 2010 (the
“Notes”); and

     WHEREAS, Section 9.02 of the Indenture provides that the Indenture may be amended or
supplemented with the consent of the Holders of at least a majority in aggregate principal amount
of the Notes; and

     WHEREAS, the Holders of at least a majority in aggregate principal amount of the Notes have
consented to amend certain provisions of the Indenture as provided herein (the
“Amendments”);

     NOW, THEREFORE, in consideration of the foregoing premises and other good and valuable
consideration the sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

     1. Defined Terms. Capitalized terms used herein without definition shall have the respective
meanings provided therefor in the Indenture.

     2. Amendments to Indenture.

(a) The following sections of the Indenture, and any corresponding provisions in the
Notes, are hereby deleted in their entirety and replaced with “Intentionally Omitted”:

	 	 	 	 	 
	Existing	 	 
	Section Number	 	Caption
	4.08	 	Payments for Consent

	4.09	 	Incurrence of Debt

	4.10	 	Restricted Payments

	4.11	 	Liens

	4.12	 	Issuance or Sale of Stock of Restricted Subsidiaries

	4.13	 	Asset Sales

	4.14	 	Restrictions on Distributions from Restricted Subsidiaries

	4.15	 	Transactions with Affiliates

 

 

	 	 	 	 	 
	4.16	 	Sale and Leaseback Transactions

	4.17	 	Designation of Restricted and Unrestricted Subsidiaries

	4.19	 	Future Guarantors

	5.01	 	Merger, Consolidation or Sale of Assets of HLI
and Guarantors

(b) The following sub-sections of the Indenture, and any corresponding provisions in the
Notes, are hereby deleted in their entirety and replaced with “Intentionally Omitted”:

	 	 	 	 	 
	Existing	 	 
	Section Number	 	Caption
	6.01(a)(iv)	 	Events of Default

	6.01(a)(v)	 	Events of Default

	6.01(a)(vi)	 	Events of Default

	6.01(a)(vii)	 	Events of Default

	8.04(b)	 	Conditions to Legal or Covenant Defeasance

	8.04(c)	 	Conditions to Legal or Covenant Defeasance

	8.04(d)	 	Conditions to Legal or Covenant Defeasance

	8.04(e)	 	Conditions to Legal or Covenant Defeasance

	8.04(f)	 	Conditions to Legal or Covenant Defeasance

	8.04(g)	 	Conditions to Legal or Covenant Defeasance

	8.04(h)	 	Conditions to Legal or Covenant Defeasance

	8.04(i)	 	Conditions to Legal or Covenant Defeasance

(c) Section 3.03 of the Indenture is hereby amended as follows:

(i) The words “At least 30 days but not more than 60 days prior to a redemption
date,” in the first paragraph thereof are deleted and replaced with “On or prior to
a redemption date,”.

(ii) The last sentence of clause (b) thereof is deleted and replaced with “The
actual redemption price, calculated as described above, shall be set forth in an
Officer’s Certificate delivered to the Trustee on or prior to the redemption date.”

          3. Indenture Ratified. Except as expressly modified hereby, the Indenture is in all respects
ratified and confirmed and all the terms, conditions, and provisions thereof shall remain in full
force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes,
and every Holder shall be bound hereby and entitled to the benefits hereof.

          4. Operation of Amendments. This Supplemental Indenture will become effective upon the
execution and delivery of this Supplemental Indenture by the Company, the Guarantors, and the
Trustee; provided, however, that the Amendments contained herein will become
operative only upon delivery by the Company to the

 

 

Trustee of an Officers’ Certificate confirming the payment of the Notes tendered on or prior to
5:00 p.m., New York City time, on May 21, 2007, in response to the Company’s Offer to Purchase and
Consent Solicitation Statement dated May 8, 2007.

          5. Governing Law. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO
CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF
LAWS TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED
THEREBY.

          6. Severability. Should any provision of this Supplemental Indenture for any reason be
declared invalid or unenforceable, such decision shall not affect the validity or enforceability of
any of the other provisions of this Supplemental Indenture, which other provisions shall remain in
full force and effect and the application of such invalid or unenforceable provision to persons or
circumstances other than those as to which it is held invalid or unenforceable shall be valid and
be enforced to the fullest extent permitted by law.

          7. Counterparts. This Supplemental Indenture may be executed simultaneously in counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument. Facsimile copies of any of the pages of this Supplemental Indenture shall have
the same effect as originals.

          8. Effect of Headings. The headings of sections herein are for convenience only and shall not
affect the construction of this Supplemental Indenture.

          9. Trustee Not Responsible for Recitals. The recitals in this Supplemental Indenture shall be
taken as the statements solely of the Company and the Guarantors, and the Trustee assumes no
responsibility for the correctness thereof.

[Signature pages follow.]

 

 

     IN WITNESS WHEREOF, this Supplemental Indenture has been duly executed and delivered by the
parties hereto as of the date first written above.

	 	 	 	 	 
	 	HLI OPERATING COMPANY, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President, General Counsel
and Secretary 	 
	 

GUARANTORS:

	 	 	 	 	 
	 	HAYES LEMMERZ INTERNATIONAL, INC

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President, General
Counsel and Secretary 	 
	 
	 	HLI PARENT COMPANY, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley      	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HLI WHEELS HOLDING COMPANY, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	HLI POWERTRAIN HOLDING COMPANY, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HLI COMMERCIAL HIGHWAY HOLDING
COMPANY, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HLI BRAKES HOLDING COMPANY INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HLI SERVICES HOLDING COMPANY, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HAYES LEMMERZ INTERNATIONAL—SEDALIA, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 

 

 

	 	 	 	 	 
	 	HAYES LEMMERZ
INTERNATIONAL—COMMERCIAL
HIGHWAY, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HAYES LEMMERZ INTERNATIONAL—CALIFORNIA, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HAYES LEMMERZ INTERNATIONAL—GEORGIA, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HAYES LEMMERZ INTERNATIONAL—

HOMER, INC

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 

 

 

	 	 	 	 	 
	 	HAYES LEMMERZ INTERNATIONAL—HOWELL, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HAYES LEMMERZ INTERNATIONAL—

HUNTINGTON, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HAYES LEMMERZ INTERNATIONAL—

KENTUCKY, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HLI SUSPENSION HOLDING COMPANY, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HAYES LEMMERZ INTERNATIONAL—

LAREDO, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 

 

 

	 	 	 	 	 
	 	HAYES LEMMERZ INTERNATIONAL—

TECHNICAL CENTER, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HAYES LEMMERZ INTERNATIONAL—

WABASH, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HLI REALTY, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 
	 	HLI NETHERLANDS HOLDINGS, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 

 

 

	 	 	 	 	 
	 	HAYES LEMMERZ INTERNATIONAL IMPORT, INC.

 	 
	 	By:  	/s/ Patrick C. Cauley
 	 
	 	 	Name:  	Patrick C. Cauley 	 
	 	 	Title:  	Vice President and Secretary 	 
	 

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, as 

Trustee

 	 
	 	By:  	/s/ James Kowalski
 	 
	 	 	Name:  	James Kowalski 	 
	 	 	Title:  	Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00124-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00124-of-00352.parquet"}]]