Document:

Exhibit 10.6

 

THIS PROMISSORY NOTE (“NOTE”) HAS
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT
ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN
OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

PROMISSORY NOTE

 

	Principal Amount: Up to $500,000	
    

    Effective as of June 25, 2021

    New York, New York

 

Super Plus Acquisition Corporation,
a Delaware corporation and blank check company (the “Maker”), promises to pay to the order of Super Plus Management LLC or
his registered assigns or successors in interest (the “Payee”), or order, the principal sum of up to Five Hundred Thousand
Dollars ($500,000) in lawful money of the United States of America, on the terms and conditions described below. All payments on this
Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to such account as
the Payee may from time to time designate by written notice in accordance with the provisions of this Note.

 

1. Principal. The principal
balance of this Note shall be payable by the Maker on the earlier of: (i) March 31, 2022 or (ii) the date on which Maker consummates an
initial public offering of its securities. The principal balance may be prepaid at any time. Under no circumstances shall any individual,
including but not limited to any officer, director, employee or shareholder of the Maker, be obligated personally for any obligations
or liabilities of the Maker hereunder.

 

2. Interest. No interest shall accrue on the unpaid
principal balance of this Note.

 

3. Drawdown Requests. Maker
and Payee agree that Maker may request up to Five Hundred Thousand Dollars $500,000 for costs reasonably related to Maker’s initial
public offering of its securities. The principal of this Note may be drawn down from time to time prior to the earlier of: (i) March 31,
2022 or (ii) the date on which Maker consummates an initial public offering of its securities, upon written request from Maker to Payee
(each, a “Drawdown Request”). Each Drawdown Request must state the amount to be drawn down. Payee shall fund each Drawdown
Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns
collectively under this Note is Five Hundred Thousand Dollars $500,000. Once an amount is drawn down under this Note, it shall not be
available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection with, or
as a result of, any Drawdown Request by Maker. Notwithstanding the foregoing, all payments shall be applied first to payment in full of
any costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorneys’ fees,
and then to the reduction of the unpaid principal balance of this Note.

 

4. Application of Payments.
All payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including
(without limitation) reasonable attorney’s fees, then to the payment in full of any late charges and finally to the reduction of
the unpaid principal balance of this Note.

 

     

     

    

 

5. Events of Default. The
following shall constitute an event of default (“Event of Default”):

 

(a) Failure to Make Required
Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of the date specified above.

 

(b) Voluntary Bankruptcy,
Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other
similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian,
sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for
the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action
by Maker in furtherance of any of the foregoing.

 

(c) Involuntary Bankruptcy,
Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an involuntary case
under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee,
sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of
its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days.

 

6. Remedies.

 

(a) Upon the occurrence of
an Event of Default specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and
payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become immediately due and
payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained
herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b) Upon the occurrence of
an Event of Default specified in Sections 5(b) and 5(c), the unpaid principal balance of this Note, and all other sums payable with regard
to this Note, shall automatically and immediately become due and payable, in all cases without any action on the part of Payee.

 

7. Waivers. Maker and all
endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and notice
of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this
Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real or personal, or
any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any
stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate that may be levied
upon pursuant to a judgment obtained by virtue hereof or any writ of execution issued hereon, may be sold upon any such writ in whole
or in part in any order desired by Payee.

 

8. Unconditional Liability.
Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this
Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected
in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to
any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other
provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice
to Maker or affecting Maker’s liability hereunder.

 

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9. Notices. All notices, statements
or other documents which are required or contemplated by this Note shall be made in writing and delivered: (i) personally or sent by first
class registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing,
(ii) by facsimile to the number most recently provided to such party or such other address or fax number as may be designated in writing
by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic
mail address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed to have been
given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation, if sent by facsimile
or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if sent
by mail.

 

10. Construction. THIS NOTE
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF DELAWARE, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

 

11. Severability. Any provision
contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

12. Trust Waiver. Notwithstanding
anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”)
in or to any distribution of or from the trust account to be established in which the proceeds of the initial public offering (the “IPO”)
to be conducted by the Maker (including the deferred underwriters discounts and commissions) and the proceeds of the sale of the warrants
to be issued in a private placement to occur prior to the closing of the IPO are to be deposited, as described in greater detail in the
registration statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees
not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever.

 

13. Amendment; Waiver. Any
amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee.

 

14. Assignment. No assignment
or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise) without
the prior written consent of the other party hereto and any attempted assignment without the required consent shall be void.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has
caused this Note to be duly executed by the undersigned as of the day and year first above written.

 

 

	 	SUPER PLUS ACQUISITION CORPORATION
	 	 	 
	 	By:	/s/ Long Yi
	 	 	Name:	 Long Yi
	 	 	
    Title:
	 CEO

 

[Signature Page to Promissory Note]

 

    4

     

    

 

Acknowledgement

 

July 26, 2022

 

WHEREAS Super Plus Acquisition
Corporation (the “Maker”) and Super Plus Management LLC (the “Payee”) would like to extend
the Promissory Note, executed on June 25, 2021 (the “Note”) from the maturity date “the earlier of: (i) March
31, 2022 or (ii) the date on which Maker consummates an initial public offering of its securities” to “the earlier of: (i)
June 30, 2023 or (ii) the date on which Maker consummates an initial public offering of its securities” and;

WHEREAS the Maker and the Payee
agree that the all other terms of the Note will remain unchanged.

 

NOW, THEREFORE, the Maker and
Payee have caused this agreement to be duly executed by their respective authorized signatories as of the date below and extend the maturity
date of the Note to the earlier of (i) June 30, 2023 or (ii) the date on which Maker consummates an initial public offering of its securities.

 

	/s/ Long Yi	 
	Maker:	Super Plus Acquisition Corporation	 
	By:	Long Yi	 
	Title:	Chief Executive Officer	 
	 	 	 
	/s/ Wei He	 
	Payee:	Super Plus Management LLC	 
	Name:	Wei He	 
	Title:	ManagerDocument

Exhibit 10.1

TENNECO 
EXCESS BENEFIT PLAN

(As Amended and Restated Effective as of July 1, 2022)
SECTION 1

GENERAL

1.1    History, Purpose and Effective Date. Tenneco Inc. previously adopted the Tenneco Inc. Excess Benefit Plan, effective as of January 1, 2007, to provide benefits to eligible employees of Tenneco Inc. and certain other employers whose benefits under the Tenneco 401(k) Retirement Savings Plan were limited as the result of certain limitations of the Internal Revenue Code of 1986, as amended (the “Code”). The Tenneco Inc. Excess Benefit Plan was amended and restated effective as of January 1, 2013. Thereafter effective as of January 1, 2020, the plan was further amended to change the name of the Tenneco Inc. Excess Benefit Plan to  the Tenneco Excess Benefit Plan (the "Tenneco Plan") and certain liabilities under the Tenneco Plan were transferred to the DRiV Incorporated Excess Benefit Plan, (the “DRiV Plan”), which was established and maintained as a separate plan sponsored by DRiV Incorporated to provide benefits to eligible employees of DRiV Incorporated and certain other employers whose benefits under the DRiV 401(k) Retirement Savings Plan (the “DRiV 401(k) Plan”) were limited as the result of certain limitations of the Code. At the same time the Tenneco Plan continued to exist to provide benefits to eligible employees of Tenneco Automotive Operating Company Inc. and certain other employers whose benefits were limited as a result of certain limitations of the Code.  Now, Tenneco Inc. and DRiV Incorporated and Tenneco Automotive Operating Company Inc. have taken action effective as of July 1, 2022, to merge the DRiV 401(k) Retirement Savings Plan with and into the Tenneco 401(k) Investment Plan and at the same time have taken action to merge the DRiV Plan with and into the Tenneco Plan (such merged plan hereafter referred to as the “Plan”), so that going forward the Plan will provide benefits to eligible employees of Tenneco Inc., DRiV Incorporated, Tenneco Automotive Operating Company Inc. and certain other employers whose benefits under the Tenneco 401(k) Investment Plan are limited as a result of certain limitations of the Code, and be set forth in the Plan as set forth herein.  The Plan is intended to constitute an unfunded plan maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees. The Plan is intended to comply with section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and will be interpreted and administered in accordance therewith.

1.2    Employers and Related Companies. Tenneco Automotive Operating Company Inc. (the “Company”) and any Related Company which, with the consent of the Company, adopts the Plan are referred to below collectively as the “Employers” and individually as an “Employer”. The term “Related Company” means any corporation or trade or business during any period that it is, along with the Company, a member of a controlled group of trades or businesses within the meaning of sections 414(b) and (c) of the Code.  For purposes of clarity, effective as of the Effective Date DRiV Incorporated shall be Employers under the Plan.   Other Employers, if applicable, are set forth on Schedule 1 hereof.

1.3    Plan Administration. The authority to control and manage the operation and administration of the Plan will be vested in the committee or committees established by the Company with the authority to take administrative actions under and with respect to the Plan (the “Administrative Committee”). In controlling and managing the operation and administration of the Plan, the Administrative Committee will have full and discretionary power and authority to conclusively interpret and construe the provisions of the Plan, to determine the amount of benefits and the rights or eligibility of employees or Participants under the Plan and to establish a claims procedure, and will have such other powers and authorities as may be necessary to discharge its duties hereunder. Any interpretation of the Plan and any decision made by the Administrative Committee on any matter within the discretion of the Administrative Committee shall be binding on all persons. A misstatement or other mistake of fact shall be corrected when it becomes known, and the Administrative Committee shall make such adjustment on account thereof as it considers equitable and practicable. The Administrative Committee may delegate such of its ministerial or discretionary duties and functions as it may deem appropriate to any employee or group of employees of any Employer. Notwithstanding the foregoing, no member of the Administrative Committee may decide any matter relating to his or her own benefits under the Plan.

1.4    Source of Benefit Payments. Benefits payable under the Plan by any Employer will be paid from the general revenues and assets of such Employer and no Employer will be required to set up a funded reserve or otherwise set aside specific funds for the payment of its obligations under the Plan. None of the individuals entitled to benefits under the Plan will have any claim on, or any beneficial ownership interest in, any assets of any Employer, and any rights of such individuals under the Plan will constitute unsecured contractual rights only.

1.5    Applicable Laws. The Plan will be construed and administered in accordance with the internal laws of the State of Michigan to the extent that such laws are not preempted by the laws of the United States of America.

1.6    Gender and Number. Where the context admits, words in any gender will include any other gender, words in the singular will include the plural and the plural will include the singular.

1.7    Plan Year. The Plan Year shall be the calendar year.

1.8    Supplements. The provisions of the Plan as applied to any Employer, to any group of employees of any Employer may, with the consent of the Company, be modified or supplemented from time to time by the adoption of one or more Supplements. Each Supplement shall form a part of the Plan as of the Supplement’s effective date. In the event of any inconsistency between a Supplement and the Plan document, the terms of the Supplement shall govern.

SECTION 2

PARTICIPATION

2.1    Eligibility for Participation. The Compensation Committee of the Board of Directors of Tenneco Inc. (the “Compensation Committee”) shall determine those employees of the Employers who will be eligible to participate in the Plan for a Plan Year; provided, however, that unless otherwise provided by the Compensation Committee, an employee of an Employer with a designation of EICP 1 or higher (other than any such employee who is specifically excluded from participation by the Compensation Committee) shall be eligible to participate in the Plan (each an “Eligible Employee”). Once an individual has been designated as an Eligible Employee, he shall remain as an Eligible Employee as long as he continues to be employed by the Employers or, if earlier, the first day of the first Plan Year following the date as of which he is no longer designated EICP 1 or higher.
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2.2    Effective Date of Participation; Reemployment. Each person who is an Eligible Employee as of the first day of a Plan Year shall become a “Participant” in the Plan as of the first day of the Plan Year. If a person becomes an Eligible Employee after the first day of a Plan Year, he shall become a “Participant” in the Plan as of the first day on which he is an Eligible Employee. Once an individual becomes a Participant in the Plan for a Plan Year, he shall remain a Participant for the entire Plan Year (or portion thereof); provided, however, that an individual’s participation in the Plan for a Plan Year shall end as of his Termination Date (as defined in subsection 5.1(a)) except as provided in Section 3. Notwithstanding the foregoing, if a Participant’s Termination Date occurs during a Plan Year and he is employed or reemployed by an Employer or Related Company prior to the last day of the Plan Year, he shall immediately become a Participant upon his reemployment. Transferred Participants (as defined in Section 4) shall become Participants in the Plan as of the Effective Date with respect to their Transferred Benefits (as defined in Section 4). For the avoidance of doubt, a Transferred Participant shall be a Participant in the Plan other than with respect to his or her Transferred Benefits only if he or she otherwise satisfies the requirements for participation in the Plan.

2.3    Restricted Participation. During any period that a Participant continues in the employ of an Employer or a Related Company but is not an Eligible Employee and during any period for which no Employer Deferred Contributions (as defined in subsection 3.2) are made with respect to the Participant, the Participant, or in the event of his death, his beneficiary, will be considered and treated as a Participant for all purposes of the Plan except for purposes of Section 3.

2.4    Plan Not Contract of Employment. The Plan does not constitute a contract of employment or continued service, and nothing in the Plan will give any Participant the right to be retained in the employ of any Employer, nor any right or claim to any benefit under the Plan, except to the extent specifically provided under the terms of the Plan.

SECTION 3

ACCOUNTS AND CONTRIBUTIONS

3.1    Participant Accounts. The Administrative Committee shall maintain a bookkeeping “Account” in the name of each Participant to reflect such Participant’s interest under the Plan.

3.2    Contributions.

(a)    Participant Contributions. Participants are not required or permitted to make any contributions under the Plan.

(b)    Employer Bonus Contributions. Each Employer shall make contributions to the Plan for each Plan Year (“Employer Bonus Contributions”) on behalf of each of its employees who is a Participant for such Plan Year who was paid a bonus (or who would have been paid a bonus but for a deferral election related to such bonus) under the Company’s annual performance bonus plan (currently known as the Tenneco Inc. Annual Incentive Plan) (the “Bonus”) from an Employer for such Plan Year. The amount of the Employer Bonus Contribution made by an Employer for any Plan Year on behalf of any Participant shall be equal to (i) the Company Retirement Contribution percentage that applies to such Participant for such Plan Year under the Tenneco 401(k) Investment Plan (the “401(k) Plan”) (determined as of the first day of the Plan Year (or the date on which the Participant was first eligible to participate in the 401(k) Plan for such Plan Year, if later), without regard to any changes in such 
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percentage during the Plan Year), multiplied by (ii) the Bonus. Employer Bonus Contributions shall be credited to the applicable Participants’ Accounts in accordance with subsection 5.1.

(c)    Employer Retirement Contributions. Each Employer shall make contributions to the Plan for each Plan Year (“Employer Retirement Contributions”) on behalf of each of its employees who is a Participant in the Plan for such Plan Year and whose Company Retirement Contributions under the 401(k) Plan for such Plan Year are limited for such Plan Year by the limitations of section 401(a)(17) of the Code. The amount of Employer Retirement Contributions made by any Employer for any Plan Year on behalf of any Participant shall be equal to (i) the Company Retirement Contribution percentage that applies to such Participant for such Plan Year under the 401(k) Plan (determined as of the first day of the Plan Year (or the date on which the Participant was first eligible to participate in the 401(k) Plan for such Plan Year, if later) without regard to any changes in such percentage during the Plan Year), multiplied by (ii) the Participant’s Compensation (as defined in the 401(k) Plan for purposes of Company Retirement Contributions thereunder, but without regard to the limitations of section 401(a)(17) of the Code) for such Plan Year in excess of the limitations of section 401(a)(17) of the Code for such Plan Year. Employer Retirement Contributions shall be credited to the applicable Participants’ Accounts in accordance with subsection 5.1.

(d)    Employer Matching Contributions. Each Employer shall make contributions to the Plan for each Plan Year (“Employer Matching Contributions”) on behalf of each of its employees who is a Participant in the Plan for such Plan Year, who has made the maximum permitted salary deferrals to the 401(k) Plan for such Plan Year, who is employed by the Employer on the last day of the Plan Year and whose Enhanced Company Match Contributions under the 401(k) Plan for such Plan Year are limited for such Plan Year by the limitations of section 401(a)(17) of the Code. The amount of Employer Matching Contribution made by any Employer for any Plan Year on behalf of any Participant shall be equal to the difference (but not less than zero) between (i) the maximum Enhanced Company Match Contributions that could have been made on behalf of the Participant under the 401(k) Plan for that year had the limitations of section 401(a)(17) of the Code had not applied minus (ii) the maximum Enhanced Company Match Contributions that could have been made on behalf of the Participant under the 401(k) Plan for that year taking into account the limitations of section 401(a)(17) of the Code. Employer Matching Contributions shall be credited to the applicable Participants’ Accounts in accordance with subsection 5.1.

Employer Bonus Contributions, Employer Retirement Contributions and Employer Matching Contributions are sometimes collectively referred to herein as “Employer Deferred Contributions”.

SECTION 4

TRANSFERRED PARTICIPANTS
AND TRANSFERRED BENEFITS

Effective as of the Effective Date, the account balances of all individuals (the “Transferred Participants”) who, immediately prior the Effective Date, (a) had accrued benefits under the DRiV Plan or had benefits transferred to the DRiV Plan and (b) were in any of the Transferred Categories (defined below) shall be transferred to the Plan. The amount of the benefits transferred from the DRiV Plan to the Plan are referred to herein as “Transferred Benefits”. The amount of the Transferred Benefits shall be determined after all adjustments required under the DRiV Plan as of (or prior to) June 30, 2022 are completed. For purposes of the Plan, the “Transferred Categories” shall mean:

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(a)    employees who are employed by DRiV Incorporated or any Related Company immediately prior to the Effective Date (“Active Employees”) in connection with the Motorparts business;

(b)    Active Employees who are employed in connection with the Performance Solutions (formerly known as Ride Performance) business and all participants in the DRiV Plan who are not active employees immediately prior to the Effective Date (“Former Employees”) and who are designated by DRiV Incorporated and the Company as former Performance Solutions employees; and

(c)    Active Employees who are designated by the Company and DRiV Incorporated as DRiV Corporate Staff and DRiV Global Services employees.

SECTION 5

PLAN ACCOUNTING

5.1    Adjustment of Accounts. Each Participant’s Account shall be adjusted in accordance with this Section 5, in a uniform, nondiscriminatory manner, as of each business day on which the New York Stock Exchange is open for business (each an “Accounting Date”). As of each Accounting Date, the balance of each Participant’s Account shall be adjusted as follows:

(a)    first, charge to the Account balance the amount of any distributions under the Plan with respect to that Account that have not previously been charged;

(b)    next, credit to the Account balance the amount of Employer Deferred Contributions made on behalf of the Participant in accordance with Section 3 since the preceding Accounting Date; and

(c)    finally, adjust the Account balance for the applicable investment return in accordance with subsection 5.2.

5.2    Investment Return. The following shall apply with respect to amounts credited to a Participant’s Account:

(a)    Amounts credited to a Participant’s Account in accordance with subsection 5.1 shall be adjusted as of each Accounting Date to reflect the value of an investment equal to the Participant’s Account balance in one or more assumed investments that the Administrative Committee offers from time to time and communicated to Participants (the “Investment Funds”), and which the Participant directs the Administrative Committee to use for purposes of adjusting his Account. Such amount shall be determined without regard to taxes that would be payable with respect to any such Investment Fund, but will be adjusted for any investment management or similar fee that is customarily paid with respect to the Investment Fund.

(b)    To the extent permitted by the Administrative Committee, the Participant may elect to have different portions of his Account balance for any period adjusted on the basis of different Investment Funds and any election by a Participant with respect to an Investment Fund shall be subject to such rules and regulations established from time to time by the Administrative Committee.

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(c)    Notwithstanding the election by Participants of certain investments in specified Investment Funds and the adjustment of their Accounts based on such investment elections, the Plan does not require, and no trust or other instrument that may be maintained in connection with the Plan shall require, that any assets or amounts that are set aside in trust or otherwise for the purpose of paying Plan benefits shall actually be invested in the investment alternatives selected by Participants.

(d)    Any change in the Participant’s investment direction shall be made in accordance with rules established by the Administrative Committee, shall apply prospectively only and shall be implemented as soon as practicable after the direction is received by the Administrative Committee.

The Administrative Committee may eliminate any Investment Fund at any time; provided, however, that the Administrative Committee may not retroactively eliminate any Investment Fund.

5.3    No Actual Investment. Notwithstanding any other provision of the Plan that may be interpreted to the contrary, the Investment Funds are to be used for measurement purposes only and Participants’ election of any such Investment Fund, the allocation of amounts to Participants’ Accounts, the calculation of any additional amounts and the crediting or debiting of amounts to Participants’ Accounts shall not be considered or construed in any manner as an actual investment of Participants’ Accounts in any investment alternative. In the event that the Company or any other Employer, in its own discretion, decides to invest funds in any or all of the investment funds that correspond to the Investment Funds under the Plan, no Participant shall have any rights in or to such actual investments themselves. Without limiting the generality of the foregoing, a Participant’s Account balance shall at all times be a bookkeeping entry only and shall not represent any investment made on his behalf by the Employers and the Participant shall at all times remain an unsecured creditor of the Employers.

5.4    Statement of Plan Account. The Administrative Committee will cause to be delivered to each Plan Participant a statement of the balances of his Account as required by law.

SECTION 6

PAYMENT OF PLAN BENEFITS

6.1    Certain Definitions. For purposes of the Plan:

(a)    A Participant’s “Termination Date” shall mean the date on which his employment with the Employers and Related Companies terminates for any reason. Whether a Participant has had a termination of employment shall be interpreted and administered in all respects in accordance with section 409A of the Code and applicable regulations issued thereunder.

(b)    A Participant’s Years of Service shall be equal to the number of Vesting Service Years credited to him under the 401(k) Plan for purposes of vesting (and prior to the Effective Date, the Years of Service as determined under the applicable defined contribution retirement plan as determined by the applicable plan document); provided, however, that if a Participant is not a participant in the 401(k) Plan, his Years of Service shall be determined in accordance with the foregoing, as if he were a participant in the 401(k) Plan.

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6.2    Vesting. A Participant shall become vested in his Employer Deferred Contributions, and income, losses, appreciation and depreciation attributable thereto, when he completes three Years of Service. If a Participant’s Termination Date occurs prior to the date on which he completes three Years of Service, he shall forfeit the balance in his Account and he shall have no further rights to any portion of such balance.  The amount of the Transferred Balances transferred to the Plan shall be vested to the same extent as of the Effective Date as such Transferred Balances were vested under the DRiV Plan immediately prior to the Effective Date.

6.3    Time and Form of Payment. The vested balance of a Participant’s Account shall be distributed in a lump sum cash payment within 30 days following his Termination Date. Notwithstanding the foregoing or any other provision of the Plan to the contrary, if the Participant is a specified employee (within the meaning of section 409A of the Code) on his Termination Date, the amount credited to his Account under the Plan shall be paid in a lump sum cash payment on the first business day of the seventh month following his Termination Date (or if earlier, the date of his death).  Without limiting the generality of the foregoing, any Transferred Balances shall be paid at the same time and in the same form as applied to such Transferred Balances immediately prior to the Effective Date.

6.4    Withholding for Tax Liability. Any Employer may withhold or cause to be withheld from any Employer Deferred Contributions or any other amounts otherwise due to the Participant or any payment of benefits made pursuant to the Plan any taxes required to be withheld and such sum as the Employer may reasonably estimate to be necessary to cover any taxes for which the Employer may be liable and that may be assessed with regard to such deferrals or payments under the Plan.

6.5    Beneficiary Designation. A Participant may, from time to time, designate in writing any legal or natural person or persons (who may be designated contingently or successively) to whom payments are to be made if the Participant dies before receiving payment of his entire Account balance. A beneficiary designation form will be effective only after it is filed in writing with the Administrative Committee while the Participant is alive and will cancel all beneficiary designation forms filed earlier. Unless otherwise provided by the Administrative Committee, the beneficiary designation in effect with respect to Transferred Benefits shall apply with respect to a Participant’s Account under the Plan unless it is changed on or after the Effective Date in accordance with the terms of the Plan.

6.6    Payment to Persons Under Legal Disability. In the event that any amount will be payable under this Plan to a Participant under legal or other disability who, in the opinion of the Administrative Committee, is unable to administer such payments, the payments will be made to the legal conservator of the estate of such Participant or, if no such legal conservator will have been appointed, then to any individual (for the benefit of such Participant) whom the Administrative Committee may from time to time approve.

6.7    Benefits May Not Be Assigned or Alienated. Benefits payable to Participants or beneficiaries under this Plan may not be anticipated, assigned (either at law or in equity), alienated, pledged, encumbered or subject to attachment, garnishment, levy, execution or other legal or equitable process.

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6.8    Special Section 409A Provisions. It is intended that the Plan comply with the provisions of section 409A of the Code and all provisions of the Plan shall be construed and interpreted in accordance with the requirements of section 409A of the Code and applicable guidance thereunder. Notwithstanding any other provision of this Plan to the contrary, if any payment or benefit hereunder is subject to section 409A of the Code, and if such payment or benefit is to be paid or provided on account of the Participant’s termination of employment (or other separation from service), the determination as to whether the Participant has had a termination of employment (or separation from service) shall be made in accordance with the provisions of section 409A of the Code and the guidance issued thereunder without application of any alternative levels of reductions of bona fide services permitted thereunder.

SECTION 7

AMENDMENT AND TERMINATION

Tenneco Inc. reserves the right to amend or terminate the Plan by action of the Compensation Committee, or the committee or person to which it delegates such authority, and each Employer reserves the right to terminate the Plan, as applied to it; provided, however, that no such amendment or termination of the Plan will reduce the amount credited to any Participant as of the date of such amendment or termination. Any termination of the Plan will comply with Section 409A of the Code, and applicable regulations.

IN WITNESS WHEREOF, the undersigned, on behalf of Tenneco Inc. hereby certifies that the foregoing is a true and correct copy of the Plan as in effect on the date hereof.

									
	TENNECO INC.
			
	BY:		/s/ Zhenfang (Jennifer) Lou

			Zhenfang (Jennifer) Lou

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SCHEDULE 1
EMPLOYERS

Tenneco Automotive Operating Company Inc.
Federal-Mogul Piston Rings LLC
Federal-Mogul Ignition LLC
Federal-Mogul Powertrain LLC
Federal-Mogul Risk Advisory Services LLC
Federal-Mogul Sevierville LLC
Federal-Mogul Valve Train International LLC
Tenneco Automotive Walker Inc.
DRiV Automotive Inc.

SUPPLEMENT A
BONUS BANK AMOUNTS

This Supplement A to the Tenneco Excess Benefit Plan (the “Plan”) shall apply to any Participant in the Plan who had a balance in his or her Bonus Reserve Account under the Tenneco Inc. Value Added (“TAVA”) Incentive Compensation Plan as of December 31, 2018. Unless otherwise specified, capitalized terms used in this Supplement shall have the meaning specified in the Plan.

The balance in the Participant’s Bonus Reserve Account shall be paid to the Participant in a lump sum as of March 15, 2024 or, if earlier, upon the Participant’s Termination Date. Notwithstanding any other provision of the Plan to the contrary, if any payment under this Supplement A is subject to section 409A of the Code, the provisions of subsection 6.8 of the Plan shall apply to the extent applicable.

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