Document:

Exhibit

EXCHANGE AGREEMENT

THIS EXCHANGE AGREEMENT (the “Agreement”) is dated as of October 1, 2015 by and between Minerco Resources, Inc., a Nevada corporation, with its principal place of business at 800 Bering Drive, Suite #201, Houston, Texas 77057 (the “Company”), and Eco Processing, with an address of 64 Oak Street, Milford, NH 03055 (the “Shareholder”).
WHEREAS:
A.     The Shareholder currently owns 15 shares of common stock of Athena Brands, Inc. (the “Athena Shares”), formerly Level 5 Beverage Company, Inc., representing 1.5% of the outstanding equity of Athena Brands, Inc. , a Nevada corporation (“Athena”); and
B.     The Company currently owns 753 shares of common stock of Athena Brands, Inc. (formerly Level 5 Beverage Company, Inc.) representing 74.55% of the outstanding equity of Athena Brands, Inc. , a Nevada corporation; and
C.    The Company desires to acquire and the Shareholder desires to divest of 15 shares of the Athena Shares representing approximately 1.5% of the outstanding equity of Athena Brands, Inc. in exchange for 150,000 shares with restrictive legend of Series B Preferred Stock of the Company (the “Series B Shares”).
NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants hereinafter contained, the parties hereto agree as follows:
1.    EXCHANGE.
 (a)     Closing. The Exchange (the “Closing”) shall occur at the offices of Gracin & Marlow, LLP. The date and time of the Closing shall be 10:00 a.m., New York time, on the first (1st) Business Day on which the conditions to the Closing set forth in Sections 5 and 6 below are satisfied or waived (or such later date as is mutually agreed to by the Company and the  Shareholder).
(b)     Consideration. At the Closing: (i) the restricted Series B Shares shall be issued to the Shareholder; (ii) the Athena Shares shall be transferred and assigned to the Company. 

2.     COMPANY REPRESENTATIONS AND WARRANTIES.
2.1     Authorization and Binding Obligation. The Company has the requisite power and authority to enter into and perform its obligations under this Agreement, to issue the Series B Shares in accordance with the terms hereof and thereof. The execution and delivery of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby and thereby, including, without limitation, the issuance of the Series B Shares, have been duly authorized by the Company's Board of Directors and no further filing, consent, or authorization is required by the Company, its Board of Directors or its stockholders. This Agreement has been duly executed and delivered by the Company, and constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their  terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable creditors' rights and remedies and except as rights to indemnification and to contribution may be limited by federal or state securities laws.
2.2     No Conflict. The execution, delivery and performance of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby (including, without limitation, the issuance of the Series B Shares will not (i) result in a violation of the articles of incorporation or other organizational documents of the Company or any of its subsidiaries, any capital stock of the Company or any of its subsidiaries or bylaws of the Company or any of its subsidiaries, (ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Company or any of its subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including foreign, federal and state securities laws and applicable to the Company or any of its 

subsidiaries or by which any property or asset of the Company or any of its subsidiaries is bound or affected except, in the case of clause (ii) or (iii) above, to the extent such violations that could not reasonably be expected to have a material adviser effect on the Company or its subsidiaries.
2.3     Securities Law Exemptions. Assuming the accuracy of the representations and warranties of the Shareholder contained herein, the offer and issuance by the Company of the Securities is exempt from registration pursuant to the exemption provided by Section 4(a)(2) of the Securities Act.
2.4     Issuance of Securities. The issuance of the Series B Shares is duly authorized and upon issuance in accordance with the terms of this Agreement and the Certificate of Incorporation of the Company shall be validly issued, fully paid and non-assessable and free from all taxes, liens, charges and other encumbrances with respect to the issue thereof.
 
3.     SHAREHOLDER’S REPRESENTATIONS AND WARRANTIES.
As a material inducement to the Company to enter into this Agreement and consummate the Exchange, Shareholder represents, warrants and covenants with and to the Company as follows:
3.1    Authorization and Binding Obligation. The Shareholder has the requisite, power and authority to enter into, and perform under, this Agreement and to transfer and assign the Athena Shares, to purchase the Series B Shares being issued to such Shareholder hereunder. The execution, delivery and performance of this Agreement and performance under the other documents required in connection herewith (the “Exchange Documents”) by the Shareholder and the consummation by the Shareholder of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate, partnership or similar action on the part of such Shareholder and no further consent or authorization is required. This Agreement has been duly authorized, executed and delivered. This Agreement constitute the legal, valid and binding obligations of the Shareholder, enforceable against the Shareholder in accordance with their terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable creditors' rights and remedies and except as rights to indemnification and to contribution may be limited by federal or state securities laws.
3.2     Beneficial Owner. With respect to the Athena Shares: (i) the Shareholder owns, good and marketable title to the Athena Shares, free and clear of any liens or encumbrances and the Athena Shares have not been pledged to any third party; (ii) the Athena Shares are not subject to any transfer restriction, other than the restriction that the Athena Shares have not been registered under the 1933 Act and, therefore, cannot be resold unless registered under the 1933 Act or in a transaction exempt from or not subject to the registration requirements of the 1933 Act; (iii) the Shareholder has not entered into any agreement or understanding with any person or entity to dispose of the Athena Shares; and (iv) at the Closing, the Shareholder will convey to the Company good and marketable title to the Athena Shares, free and clear of any security interests, liens, adverse claims, encumbrances, taxes or encumbrances.
3.3    Liens.  There are no outstanding liens, claims, offset rights, or other encumbrances relating to the Athena Shares.  The Exchange and the consummation of the transactions herein, does not by itself or with the passage of time violate or infringe upon the rights of any third parties or result or could reasonably result in any claims against the Shareholder or the Company.
3.4    Sale or Transfer.  The Shareholder has not sold, assigned, conveyed, transferred, mortgaged, hypothecated, pledged or encumbered or otherwise permitted any lien to be incurred with respect to the Athena Shares or any portion thereof.
3.5    Proceedings.  No proceedings relating to the Athena Shares are pending or, to the knowledge of the Shareholder, threatened before any court, arbitrator or administrative or governmental body that would adversely affect the Shareholder’s right and ability to surrender and transfer the Athena Shares.
3.6    Conveyance.  The Shareholder has full legal and equitable title to the Athena Shares, free and clear of all liens, pledges or encumbrances of any kind, nature or description, with full and unrestricted legal power, authority and 

right to enter into this Agreement and to transfer and deliver the Athena Shares to the Company pursuant hereto, and upon delivery of the Athena Shares to Company, Company will be the owner of the Athena Shares, free and clear of all liens, claims, pledges or encumbrances of any kind, nature or description.
3.7    Action.   The Shareholder has taken no action that would impair its ability to transfer the Athena Shares.
3.8    Interest.   No person other than the Shareholder has any right or interest in the Athena Shares.
3.9    Tax Consequences.  The Shareholder acknowledges that the purchase of the Series B Shares may involve tax consequences to the Shareholder and that this Agreement does not contain tax advice. The Shareholder acknowledges that it has not relied and will not rely upon the Company with respect to any tax consequences related to the exchange of the Series B Shares.  The Shareholder assumes full responsibility for all such consequences and for the preparation and filing of any tax returns and elections which may or must be filed in connection with the Series B Shares.
3.10     Reliance on Exemptions. The Shareholder understands that the Series B Shares are  being offered and exchanged in reliance on specific exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying in part upon the truth and accuracy of, and the Shareholder’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of the Shareholder set forth herein in order to determine the availability of such exemptions and the eligibility of the Shareholder to acquire the Securities.
3.11     No Governmental Review. The Shareholder understands that no United States federal or state agency or any other government or governmental agency has passed on or made any recommendation or endorsement of the Series B Shares or the fairness or suitability of the investment in the Series B Shares nor have such authorities passed upon or endorsed the merits of the offering of the Series B Shares.
3.12     No Conflicts. The execution, delivery and performance by the Shareholder of this Agreement and the consummation by the Shareholder of the transactions contemplated hereby will not (i) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Shareholder is a party, or (ii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws) applicable to the Shareholder, except in the case of clause (i) or (ii) above, for such conflicts, defaults, rights or violations which would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the ability of the Shareholder to perform its obligations hereunder.
3.13     No Public Sale or Distribution.  The Shareholder is acquiring the Series B Shares for its own account and not with a view towards, or for resale in connection with, the public sale or distribution thereof in violation of applicable securities laws, except pursuant to sales registered or exempted under the Securities Act of 1933. The Shareholder does not presently have any agreement or understanding, directly or indirectly, with any person to distribute any of the Series B Shares issuable upon conversion thereof, for its own account and not with a view towards, or for resale in connection with, the public securities in violation of applicable securities laws.   
3.14    Information.  The Shareholder and its advisors, if any, have been furnished with all materials relating to the business, finances and operations of the Company and materials relating to the offer and sale of the Series B Shares which have been requested by the Shareholder.  The Shareholder has read the Company’s filings with the Securities and Exchange Commission.  The Shareholder and its advisors, if any, have been afforded the opportunity to ask questions of the Company. The Shareholder understands that its investment in the Series B Shares involves a high degree of risk. The Shareholder has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision with respect to its acquisition of the Series B Shares.  
3.15     Transfer or Resale.  .  The Shareholder understands that: (i) the Series B Shares have not been and are not being registered under the Securities Act of 1933 or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (A) subsequently registered thereunder, (B) the Shareholder shall have delivered to the Company (if requested by the Company) an opinion of counsel to the Shareholder, in a form reasonably acceptable to the Company, to the effect that Series B Shares to be sold, assigned or transferred may be sold, assigned or transferred pursuant to an exemption from such registration, or (C) the Shareholder provides the Company with reasonable assurance that the Series B Shares can 

be sold, assigned or transferred pursuant to Rule 144 or Rule 144A promulgated under the Securities Act of 1933 (or a successor rule thereto) (collectively, “Rule 144”); (ii) any sale of the Series B Shares made in reliance on Rule 144 may be made only in accordance with the terms of Rule 144. 
	
			
	 
	4.
	COVENANTS.

4.1 Reasonable Best Efforts. Each party hereto agrees that it shall use its reasonable best efforts to timely satisfy each of the conditions to be satisfied by it as provided hereinabove in Section 5 and Section 6 of this Agreement, respectively.
5.     CONDITIONS TO COMPANY’S OBLIGATIONS HEREUNDER.
The obligations of the Company to the Shareholder hereunder are subject to the satisfaction of each of the following conditions (except to the extent such condition is expressly conditional to a specific closing, in which case such condition shall only apply to such specific closing), provided that these conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion by providing the Shareholder with prior written notice thereof:
5.1     The Shareholder shall have duly executed this Agreement and delivered the same to the Company.
5.2    The Shareholder shall have delivered to the Company the original certificates evidencing the Athena Shares together with stock powers in blank duly endorsed for transfer.
5.3     The representations and warranties of the Shareholder shall be true and correct in all material respects as of the date when made and as of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific date which shall be true and correct as of such specified date), and the Shareholder shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Shareholder at or prior to the Closing Date.
5.4    No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by any court or governmental authority of competent jurisdiction that prohibits the consummation of any of the transactions contemplated by this Agreement.
6.     CONDITIONS TO SHAREHOLDER’S OBLIGATIONS HEREUNDER.
The obligations of the Shareholder hereunder are subject to the satisfaction of each of the following conditions (except to the extent such condition is expressly conditional to a specific closing, in which case such condition shall only apply to such specific closing), provided that these conditions are for the Shareholder’s sole benefit and may be waived by the Shareholder at any time in its sole discretion by providing the Company with prior written notice thereof:
6.1     The Company shall have duly executed this Agreement and delivered the same to the Shareholder.
6.2    The Company shall have issued to Shareholder a certificate evidencing the Series B Shares.
6.3     Each and every representation and warranty of the Company shall be true and correct in all material respects as of the date when made and as of the Closing Date as though originally made at that time (except for representations and warranties that speak as of a specific date, which shall be true and correct as of such date) and the Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required to be performed, satisfied or complied with by the Company at or prior to the Closing Date.
6.4     No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by any court or governmental authority of competent jurisdiction that prohibits the consummation of any of the transactions contemplated by this Agreement.
7.     MISCELLANEOUS.

7.1     Legends. The Shareholder acknowledges that the certificate(s) representing the Series B Shares shall each conspicuously set forth on the face or back thereof a legend in substantially the following form:
“NEITHER THESE SHARES NOR THE UNDERLYING SHARES OF COMMON STOCK   HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE RULES AND REGULATIONS PROMULGATED THEREUNDER, OR UNDER THE SECURITIES LAWS, RULES OR REGULATIONS OF ANY STATE; AND MAY NOT BE PLEDGED, HYPOTHECATED, SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, RULES OR REGULATIONS OR AN EXEMPTION THEREFROM DEEMED ACCEPTABLE BY COUNSEL TO THE COMPANY.”
7.2     Governing Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of Texas, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Texas or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of Texas. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the County of Harris, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.
7.3     Counterparts. This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together will constitute one and the same Agreement.  This Agreement, to the extent delivered by means of a facsimile machine or electronic mail (any such delivery, an “Electronic Delivery”), shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person.  At the request of any party hereto, each other party hereto shall re‐execute original forms hereof and deliver them in person to all other parties.  No party hereto shall raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and each such party forever waives any such defense, except to the extent such defense related to lack of authenticity.
7.4     Headings. The headings of this Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this Agreement.
7.5    Severability. If any provision of this Agreement is prohibited by law or otherwise determined to be invalid or unenforceable by a court of competent jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed amended to apply to the broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such provision shall not affect the validity of the remaining provisions of this Agreement so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity or unenforceability of the provision(s) in question does not substantially impair the respective expectations or reciprocal obligations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. The parties will endeavor in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s).
7.6     Entire Agreement; Amendments. This Agreement and the other Transaction Documents supersede all other prior oral or written agreements between the Shareholder, the Company, their affiliates and persons acting on their behalf with respect to the matters discussed herein, and this Agreement, contains the entire understanding of the parties with respect to the matters covered herein and, except as specifically set forth herein, neither the Company nor the Shareholder makes any 

representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may be amended other than by an instrument in writing signed by the Company and the Shareholder, and any amendment to this Agreement made in conformity with the provisions of this Section shall be binding upon the Shareholder.  No provision hereof may be waived other than by an instrument in writing signed by the party against whom enforcement is sought. 
7.7    Notices. Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); or (iii) one business day after deposit with an overnight courier service, in each case properly addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be:
If to the Company:
Minerco Resources, Inc.
800 Bering Drive, Suite #201
Houston, Texas 77057
Attention: Sam J. Messina III

with a copy (for informational purposes only) to:

Gracin & Marlow, LLP
The Chrysler Building
405 Lexington Avenue, 26th Floor
New York, New York 10174
Telephone: (212) 907-6457
Facsimile: (212) 208-4657
Attention: Leslie Marlow, Esq.

If to Shareholder:

Eco Processing, LLC
64 Oak Street
Milford, NY 03055
Attention: Joshua Tannariello

with a copy (for informational purposes only) to:

to its address and facsimile number set forth above, or to such other address and/or facsimile number and/or to the attention of such other person as the recipient party has specified by written notice given to each other party five (5) days prior to the effectiveness of such change. Written confirmation of receipt (A) given by the recipient of such notice, consent, waiver or other communication, (B) mechanically or electronically generated by the sender's facsimile machine containing the time, date, recipient facsimile number and an image of the first page of such transmission or (C) provided by an overnight courier service shall be rebuttable evidence of personal service, receipt by facsimile or receipt from an overnight courier service in accordance with clause (i), (ii) or (iii) above, respectively.
7.8     Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns, including any purchasers of the New Note. The Company shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Shareholder. The Shareholder may assign some or all of its rights hereunder without the consent of the Company.

7.9    Construction.  The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against any party. No specific representation or warranty shall limit the generality or applicability of a more general representation or warranty.

[Intentionally Left Blank - Signature Page Follows]

IN WITNESS WHEREOF, the Shareholder and the Company have caused their respective signature pages to this Agreement to be duly executed as of the date first written above.

COMPANY:
MINERCO RESOURCES, INC.
 By: _/s/ V. Scott Vanis____________________
Name: V. Scott Vanis
Title: Chief Executive Officer

SHAREHOLDER:

ECO PROCESSING, LLC

By: ___/s/ Marco Mena___________________
Name: Joshua Tannariello                                                    Title: Managing Member8-K

Exhibit 10.1

EXECUTION VERSION

AMENDMENT NO. 7 TO CREDIT AGREEMENT

AMENDMENT NO. 7 TO CREDIT AGREEMENT, dated as of September 29, 2015 (this “Amendment”), is entered into by and among SENSATA TECHNOLOGIES B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (the “BV Borrower”), SENSATA TECHNOLOGIES FINANCE COMPANY, LLC, a Delaware limited liability company (the “US Borrower”, and together with the BV Borrower, the “Borrowers”), SENSATA TECHNOLOGIES INTERMEDIATE HOLDING B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (the “Parent”), the undersigned guarantors (together with the Parent, the “Guarantors”), MORGAN STANLEY SENIOR FUNDING, INC., as administrative agent on behalf of the lenders party to the Credit Agreement (as defined below) (in such capacity, the “Administrative Agent”) and the lenders party hereto. 
PRELIMINARY STATEMENTS:
WHEREAS, the Borrowers, the Parent, the Administrative Agent and certain lenders entered into that certain Credit Agreement, dated as of May 12, 2011 (as amended, amended and restated, supplemented, waived or otherwise modified prior to the date hereof, the “Credit Agreement”; capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement);

WHEREAS, the Borrowers have requested Additional Revolving Credit Commitments (the “Seventh Amendment Revolving Commitments”) pursuant to Section 2.14 of the Credit Agreement in the aggregate principal amount of $70 million on the terms set forth in this Amendment and the Credit Agreement;

WHEREAS, each Lender party hereto executing this Amendment (each a “Seventh Amendment Revolving Credit Lender”) has agreed, in its capacity as a Seventh Amendment Revolving Credit Lender, to make available to the Borrowers the Seventh Amendment Revolving Commitments as set forth under “Additional Revolving Credit Commitments” for such Lender on Schedule A to this Amendment commencing on the Seventh Amendment Effective Date (as defined below);

WHEREAS, the Borrowers have requested to make certain other amendments set forth in Section 1 hereof, as authorized by Section 10.01 of the Credit Agreement;

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto hereby agree as follows:

SECTION 1.Seventh Amendment Revolving Commitments.  Pursuant to Section 2.14 of the Credit Agreement, and subject to the satisfaction (or waiver by the Administrative Agent) of the conditions set forth in Section 4 of this Amendment, on and as of the Seventh Amendment Effective Date:
(a)Each Seventh Amendment Revolving Credit Lender hereby agrees that upon, and subject to, the occurrence of the Seventh Amendment Effective Date, such Seventh Amendment Revolving Credit Lender’s Revolving Credit Commitments shall be increased, as contemplated by Section 2.14 of the Credit Agreement, by the amount set forth opposite such Seventh Amendment Revolving Credit Lender’s name under the heading “Additional Revolving Credit Commitment” on Schedule A to this Amendment.  From and after the Seventh Amendment Effective Date, each reference in the Credit Agreement to any Seventh Amendment Revolving Credit Lender’s Revolving Credit Commitment shall mean its 

Amendment No. 7 to
Credit Agreement

Revolving Credit Commitment, as increased pursuant to this Amendment, and as set forth opposite its name on Schedule A to this Amendment under the heading “Total Revolving Credit Commitments”.
(a)Section 1.01 of the Credit Agreement shall be amended by adding the following new definitions thereto in proper alphabetical order:
“Seventh Amendment” means that certain Amendment No. 7 to Credit Agreement, dated as of September 29, 2015, among the BV Borrower, the US Borrower, the Parent, the other Guarantors party thereto, Morgan Stanley Senior Funding, Inc., as the Administrative Agent and each Revolving Credit Lender party thereto.
“Seventh Amendment Effective Date” means the date on which all of the conditions contained in Section 4 of the Seventh Amendment have been satisfied or waived by the Administrative Agent.

“Seventh Amendment Revolving Commitments” has the meaning given in the recitals to the Seventh Amendment.

(b)Section 1.01 of the Credit Agreement shall be further amended as follows: 

(i)    The definition of “Dollar Revolving Credit Commitment” is amended by replacing the final sentence thereof with the following sentence:
“The aggregate Dollar Revolving Credit Commitments of all Dollar Revolving Credit Lenders shall be $420,000,000 on the Seventh Amendment Effective Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement.”

(ii)    The definition of “Euro Revolving Credit Commitment” is amended by replacing the final sentence thereof with the following sentence:

“The aggregate Dollar Amount of Euro Revolving Credit Commitments of all Euro Revolving Credit Lenders shall be $420,000,000 on the Seventh Amendment Effective Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement.”

(iii)    Clause (a) of the definition of “Euro Sublimit” is amended in its entirety to read as follows:

“$420,000,000 and”

(iv)    The definition of “Revolving Credit Commitment” is amended in its entirety to read as follows:

““Revolving Credit Commitment” means a Dollar Revolving Credit Commitment or a Euro Revolving Credit Commitment, in each case including, for the avoidance of doubt, each 

2    
Amendment No. 7 to 
Credit Agreement

Fifth Amendment Revolving Commitment and each Seventh Amendment Revolving Credit Commitment.”

(v)    The definition of “Revolving Credit Loan” is amended in its entirety to read as follows:

““Revolving Credit Loan” means the collective reference to the Dollar Revolving Credit Loans and the Euro Revolving Credit Loans, in each case including, for the avoidance of doubt, any Loans made pursuant to the Fifth Amendment Revolving Commitments and the Seventh Amendment Revolving Commitments.”

(c)Schedule 2.01 of the Credit Agreement is hereby amended by replacing the information thereon with respect to the Revolving Credit Lenders with the information shown on Schedule A to this Amendment.

(d)Article 6 of the Credit Agreement is hereby amended by adding a new Section 6.22 thereto, which reads as follows:

“SECTION 6.22.  Post- Seventh Amendment Effective Date Covenant.  Within the time periods as provided in Schedule D to the Seventh Amendment (or such later date as the Administrative Agent may agree in its reasonable discretion), deliver to the Administrative Agent each item specified in Schedule D to the Seventh Amendment and customary legal opinions addressed to the Administrative Agent and each Revolving Credit Lender related to such items, as specified in Schedule B-2 to the Seventh Amendment, in each case in form and substance reasonably satisfactory to the Administrative Agent and comply, to the extent applicable, with the obligations set out in Schedule D to the Seventh Amendment.”

SECTION 3.Reference to and Effect on the Loan Documents. 
(a)On and after the Seventh Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the “Credit Agreement”, shall mean and be a reference to the Credit Agreement, as amended by this Amendment.  For the avoidance of doubt, this Amendment shall also constitute a Loan Document under the Credit Agreement, as amended by the Amendment.
(b)The Credit Agreement, as specifically amended by this Amendment, and the other Loan Documents are, and shall continue to be, in full force and effect, and are hereby in all respects ratified and confirmed. 
(c)Except as expressly provided herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under the Credit Agreement or any other Loan Document, nor shall it constitute a waiver of any provision of the Credit Agreement or any Loan Document.

3    
Amendment No. 7 to 
Credit Agreement

SECTION 4.Conditions of Effectiveness for Amendment.  This Amendment shall become effective as of the date (the “Seventh Amendment Effective Date”) on which the following conditions shall have been satisfied (or waived by the Administrative Agent):
(a)     The Administrative Agent shall have received counterparts of this Amendment executed by the BV Borrower, the US Borrower, the Parent, the other Guarantors and each Seventh Amendment Revolving Credit Lender, on, or prior to, 5:00 p.m.;
(b)    The Administrative Agent shall have received a certificate of the BV Borrower dated as of the Seventh Amendment Effective Date signed on behalf of the BV Borrower by a Responsible Officer of the BV Borrower, certifying on behalf of the Borrowers that:
(i)  immediately before and after giving effect to this Amendment and the transactions contemplated hereby, the representations and warranties set forth in Article 5 of the Credit Agreement (as amended by this Amendment) and in the other Loan Documents are true and correct in all material respects as of the Seventh Amendment Effective Date, with the same effect as though made on and as of such date, except (A) to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, (B) that for purposes of this Section 4(b), the representations and warranties contained in Sections 5.05(a) and 5.05(b) of the Credit Agreement (as amended by this Amendment) shall be deemed to refer to the most recent financial statements furnished pursuant to Sections 6.01(a) and 6.01(b) of the Credit Agreement (as amended by this Amendment) and, in the case of the financial statements furnished pursuant to Section 6.01(b) of the Credit Agreement (as amended by this Amendment), the representations contained in Section 5.05(a) of the Credit Agreement (as amended by this Amendment), as modified by this clause (B), shall be qualified by the statement that such financial statements are subject to the absence of footnotes and year-end audit adjustments, (C) to the extent that such representations and warranties contain a materiality qualification, such representations and warranties shall be accurate in all respects and (D) to the extent a limited waiver of compliance with such representations and warranties was granted pursuant to Section 11 of the Sixth Amendment or Section 10 of this Amendment; and

(ii)  each of the Specified Representations (as defined below) shall be true and correct in all material respects as of the Seventh Amendment Effective Date.  “Specified Representations” means the representations and warranties of the Loan Parties set forth in the Patriot Act Representation (as defined below), the Sanctions Representation (as defined below) and the Anti-Corruption Representation (as defined below).  For purposes of this clause (ii), the following terms shall have the meanings given to them below:

“Patriot Act Representation” means the representation and warranty to the Administrative Agent by each Loan Party that, to the extent applicable, each of the Parent and its Subsidiaries is in compliance in all material respects with the Patriot Act and any enabling legislation or executive order relating thereto;

“Sanctions Representation” means the representation and warranty to the Administrative Agent by the Parent that no part of the proceeds of any Credit Extension will be used, directly or indirectly, for any purpose which would violate applicable Sanctions.

“OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury;

4    
Amendment No. 7 to 
Credit Agreement

“Sanction” means any sanction administered or enforced by the United States Government (including without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority; and 

“Anti-Corruption Representation” means the representation and warranty to the Administrative Agent by each Loan Party that no part of the proceeds of any Credit Extension will be used, directly or indirectly, for any purpose which would breach the US Foreign Corrupt Practices Act of 1977 (as amended).

(c)     Immediately prior to and after giving effect to the Seventh Amendment Effective Date, no Default or Event of Default has occurred and is continuing; 

(d)    The Administrative Agent shall have received such certificates or resolutions or incumbency certificates of the Loan Parties as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment;

(e)    The Administrative Agent shall have received such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is validly existing and in good standing in its jurisdiction of organization (to the extent such concept exists in such jurisdiction);

(f)    The Administrative Agent shall have received a solvency certificate from a director of the BV Borrower substantially in the form of Exhibit Q to the Credit Agreement certifying that the Parent and its Subsidiaries on a consolidated basis as of the Seventh Amendment Effective Date (immediately after giving effect to this Amendment and the transactions contemplated hereby) are Solvent;

(g)    To the extent invoiced at least three Business Days prior to the Seventh Amendment Effective Date, all reasonable and documented fees and out-of-pocket expenses  payable to the Administrative Agent shall have been paid to the extent due and payable in accordance with Section 6 of this Amendment and Section 10.04 of the Credit Agreement; 

(h)            The Administrative Agent shall have received a customary legal opinion, addressed to the Administrative Agent and the Revolving Credit Lenders, in form, scope and substance reasonably acceptable to the Administrative Agent from each of (i) Kirkland & Ellis LLP, counsel to the Loan Parties and (ii) special foreign counsel referred to in Schedule B-1 hereto; and

(i)The Administrative Agent shall have received each of the deliverables set forth in Schedule C of this Amendment.

SECTION 5.Representations and Warranties.  Each of the Parent and the Borrowers hereby represents and warrants to the Administrative Agent that:

(a)    on and as of the date hereof (i) it has all requisite corporate or other power and authority to enter into and perform its obligations under this Amendment, the Credit Agreement as amended hereby and the other Loan Documents to which it is a party, and (ii) this Amendment has been duly authorized, executed and delivered by it; and

5    
Amendment No. 7 to 
Credit Agreement

(b)    this Amendment, and the Credit Agreement as amended hereby, constitute legal, valid and binding obligations of such party, enforceable against it in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other Laws affecting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in equity or at law).

SECTION 6.Costs and Expenses. The Borrowers agree that all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder or in connection herewith (including, without limitation, the Attorney Costs of one counsel for all Lenders and the Administrative Agent (which shall be Shearman & Sterling LLP)), are expenses that the Borrowers are required to pay or reimburse pursuant to Section 10.04 of the Credit Agreement. 

SECTION 7.Execution in Counterparts. This Amendment may be executed in one or more counterparts (and by different parties hereto in different counterparts), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  Delivery by telecopier or other electronic transmission of an executed counterpart of a signature page to this Amendment, including by email with a pdf copy hereof attached, shall be effective as delivery of an original executed counterpart of this Amendment.

SECTION 8.Governing Law and Waiver of Right of Trial by Jury. This Amendment is subject to the provisions of Sections 10.17 and 10.18 of the Credit Agreement relating to governing law, waiver of right to submission to jurisdiction, venue and waiver of trial by jury, the provisions which are by this reference incorporated herein in full.
SECTION 9.Guarantor Affirmation. Each Guarantor party hereto hereby (a) acknowledges and consents to this Amendment; (b) ratifies and confirms all of its respective obligations and liabilities under the Loan Documents (as amended by the Amendment) to which it is a party and ratifies and confirms that such obligations and liabilities remain in full force and effect and extend to and continue in effect with respect to, and continue to guarantee and secure, as applicable, the obligations of the Borrowers under the Credit Agreement; (c) subject to Section 10 below, acknowledges and confirms that the liens and security interests granted by it pursuant to the Collateral Documents to which it is a party are and continue to be valid and perfected (if and to the extent required to be perfected under the Collateral Documents to which it is a party) liens and security interests in the Collateral (subject only to Liens permitted under the Loan Documents) that secure all of the obligations of such Guarantor under the Loan Documents to which it is a party to the same extent that such liens and security interests in the Collateral were valid and perfected (if and to the extent required to be perfected under the Collateral Documents to which it is a party) immediately prior to giving effect to the execution and delivery of the Amendment; (d) acknowledges and agrees that such Guarantor does not have any claim or cause of action against the Administrative Agent or any Lender (or any of its respective directors, officers, employees, or agents) on or prior to the date hereof; and (e) acknowledges, affirms, and agrees that such Guarantor does not have any defense, claim, cause of action, counterclaim, offset or right of recoupment of any kind or nature against any of its obligations, indebtedness or liabilities to the Administrative Agent or any Lender on or prior to the date hereof.

6    
Amendment No. 7 to 
Credit Agreement

SECTION 10.Limited Waiver and Consent. The Administrative Agent and the Lenders parties hereto hereby agree to waive each of Sensata Technologies Bulgaria EOOD’s, Sensata Technologies Japan Limited’s, Sensata Finance Ireland Limited’s, Sensata Technologies de Mexico, S. de R.L. de C.V.’s, ST August Lux Company S.à r.l.’s, ST August Lux Intermediate Holdco S.à r.l.’s, August Lux Holding Company’s, August Brazil Holding Company’s and August LuxUK Holding Company’s (each, a “Subject Foreign Guarantor”) compliance with all covenants and/or representations and warranties in the Loan Documents relating to the perfection of any security interest under, or enforceability of, any Collateral Document governed by Bulgarian, Irish, Japanese, Luxembourg, and Mexican law, as applicable, on the Seventh Amendment Effective Date and for a period of 90 days after the Seventh Amendment Effective Date (as such time period may be extended in the reasonable discretion of the Administrative Agent), provided that the foregoing waiver shall only waive compliance with (i) perfection requirements in respect of any increase to the Secured Obligations pursuant to this Amendment and (ii) enforceability requirements relating to enforceability in respect of such increase to the Secured Obligations.  During this 90-day period (as such time period may be extended in the reasonable discretion of the Administrative Agent) each of the Subject Foreign Guarantor will amend or enter into such Collateral Documents to reflect the amendments hereunder and will take all requisite actions to ensure that it has granted in favor of the Administrative Agent, for the benefit of the Secured Parties, a valid and, to the extent required under the Collateral Documents to which it is a party, perfected security interest in its Collateral, as defined in such Collateral Documents.  The Administrative Agent and the Lenders party hereto agree that nothing herein shall abrogate the agreements made by the Administrative Agent and the Lenders party to the Sixth Amendment in Section 11 thereof.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

7    
Amendment No. 7 to 
Credit Agreement

IN WITNESS WHEREOF, the parties have caused this Amendment No. 7 to Credit Agreement to be executed by their respective authorized officers as of the date first above written. 

    
	
				
	 
	SENSATA TECHNOLOGIES B.V.,
	 

	 
	as BV Borrower
	 

	 
	 
	 
	 

	 
	By:
	/s/ Geert Braaksma
	 

	 
	 
	Name:  Geert Braaksma
	 

	 
	 
	Title:    Director
	 

	
				
	 
	SENSATA TECHNOLOGIES FINANCE COMPANY, LLC,
	 

	 
	as US Borrower
	 

	 
	 
	 
	 

	 
	By:
	/s/ Jeffrey Cote
	 

	 
	 
	Name:  Jeffrey Cote
	 

	 
	 
	Title:    Chief Operating Officer
	 

	
				
	 
	SENSATA TECHNOLOGIES INTERMEDIATE HOLDING B.V.,
	 

	 
	as Parent
	 

	 
	 
	 
	 

	 
	By:
	/s/ Geert Braaksma
	 

	 
	 
	Name:  Geert Braaksma
	 

	 
	 
	Title:    Director
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	SENSATA TECHNOLOGIES, INC.,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Jeffrey Cote
	 

	 
	 
	Name:  Jeffrey Cote
	 

	 
	 
	Title:   Chief Operating Officer 
	 

	
				
	 
	SENSATA TECHNOLOGIES MASSACHUSETTS, INC.,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Jeffrey Cote
	 

	 
	 
	Name:  Jeffrey Cote
	 

	 
	 
	Title:   Chief Operating Officer 
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	SENSATA TECHNOLOGIES HOLDING COMPANY US B.V.,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Geert Braaksma
	 

	 
	 
	Name:  Geert Braaksma
	 

	 
	 
	Title:    Director
	 

	
				
	 
	SENSATA TECHNOLOGIES HOLDING  
COMPANY MEXICO B.V.,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Geert Braaksma
	 

	 
	 
	Name:  Geert Braaksma
	 

	 
	 
	Title:    Director
	 

	
				
	 
	SENSATA TECHNOLOGIES HOLLAND, B.V.,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Geert Braaksma
	 

	 
	 
	Name:  Geert Braaksma
	 

	 
	 
	Title:    Director
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	SENSATA TECHNOLOGIES DE MÉXICO, S. DE R.L. DE C.V.,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Santiago Sepulveda
	 

	 
	 
	Name:  Santiago Sepulveda
	 

	 
	 
	Title:    Attorney-in -Fact
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	SENSATA TECHNOLOGIES JAPAN LIMITED,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Xiaodong Ye
	 

	 
	 
	Name:  Xiaodong Ye
	 

	 
	 
	Title:    Representative Director
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	SENSATA TECHNOLOGIES MALAYSIA SDN. BHD.,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Jeffrey Cote
	 

	 
	 
	Name:  Jeffrey Cote
	 

	 
	 
	Title:    Director
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	SENSATA TECHNOLOGIES BULGARIA EOOD,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Geert Braaksma
	 

	 
	 
	Name:  Geert Braaksma
	 

	 
	 
	Title:   Manager
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	SENSOR-NITE NV,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Geert Braaksma
	 

	 
	 
	Name:  Geert Braaksma
	 

	 
	 
	Title:    Authorized Representative
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	SENSATA TECHNOLOGIES US COÖPERATIEF U.A.,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Geert Braaksma
	 

	 
	 
	Name:  Geert Braaksma
	 

	 
	 
	Title:    Director
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	SENSATA TECHNOLOGIES BERMUDA LTD.,
	 

	 
	Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Steven P. Reynolds
	 

	 
	 
	Name: Steven P. Reynolds
	 

	 
	 
	Title: Director
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	SENSATA TECHNOLOGIES US, LLC,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Jeffrey Cote
	 

	 
	 
	Name:  Jeffrey Cote
	 

	 
	 
	Title:    Manager
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	SENSATA TECHNOLOGIES US II, LLC,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Jeffrey Cote
	 

	 
	 
	Name:  Jeffrey Cote
	 

	 
	 
	Title:    Manager
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	STI HOLDCO, INC.,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Martha Sullivan
	 

	 
	 
	Name:  Martha Sullivan
	 

	 
	 
	Title:    President
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
					
	Signed by Martha Sullivan (name of director)
	 
	 

	for and on behalf of
	/s/ Martha Sullivan
	 

	ST SCHRADER HOLDING COMPANY UK LIMITED
	     Director
	 

	as Guarantor
	 
	 

	
					
	Signed by Martha Sullivan (name of director)
	 
	 

	for and on behalf of
	/s/ Martha Sullivan
	 

	AUGUST UK HOLDCO LIMITED
	     Director
	 

	as Guarantor
	 
	 

Signature Page to
Amendment No. 7 to Credit Agreement

ST AUGUST LUX COMPANY S.À R.L.,
Société à responsabilité limitée
Registered office: 6D, route de Trèves, L-2633 Senningerberg 
Share capital: USD 25,000
Luxembourg R.C.S.: B 192229
as Guarantor

		
	By:
	/s/ Dylan Davies_________________ 
Name: Dylan Davies
Title: Manager

		
	By:
	/s/ Cedric Bradfer________________ 
Name: Cedric Bradfer
Title: Manager

ST AUGUST LUX INTERMEDIATE HOLDCO S.À R.L.,
Société à responsabilité limitée
Registered office: 6D, route de Trèves, L-2633 Senningerberg 
Share capital: USD 25,000
Luxembourg R.C.S.: B 192214
as Guarantor

		
	By:
	/s/ Dylan Davies_________________ 
Name: Dylan Davies
Title: Manager

		
	By:
	/s/ Cedric Bradfer________________ 
Name: Cedric Bradfer
Title: Manager

AUGUST LUX HOLDING COMPANY, 
Société à responsabilité limitée
Registered office: 6D, route de Trèves, L-2633 Senningerberg 
Share capital: USD 16,376
Luxembourg R.C.S.: B 167704
as Guarantor

		
	By:
	/s/ Dylan Davies_________________ 
Name: Dylan Davies
Title: Manager

		
	By:
	/s/ Cedric Bradfer________________ 
Name: Cedric Bradfer
Title: Manager

Signature Page to
Amendment No. 7 to Credit Agreement

AUGUST BRAZIL HOLDING COMPANY, 
Société à responsabilité limitée
Registered office: 6D, route de Trèves, L-2633 Senningerberg 
Share capital: USD 16,375
Luxembourg R.C.S.: B 168084
as Guarantor

		
	By:
	/s/ Dylan Davies_________________ 
Name: Dylan Davies
Title: Manager

		
	By:
	/s/ Cedric Bradfer________________ 
Name: Cedric Bradfer
Title: Manager

AUGUST LUXUK HOLDING COMPANY, 
Société à responsabilité limitée
Registered office: 6D, route de Trèves, L-2633 Senningerberg 
Share capital: USD 16,375
Luxembourg R.C.S.: B 167757
as Guarantor

		
	By:
	/s/ Dylan Davies_________________ 
Name: Dylan Davies
Title: Manager

		
	By:
	/s/ Cedric Bradfer________________ 
Name: Cedric Bradfer
Title: Manager

Signature Page to 
Amendment No. 7 to Credit Agreement

	
				
	 
	AUGUST FRANCE HOLDING COMPANY S.A.S.,
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Jean-Michel Bolmont
	 

	 
	 
	Name:  Jean-Michel Bolmont
	 

	 
	 
	Title:    Chairman/President
	 

	
				
	 
	

SENSATA TECHNOLOGIES FRANCE S.A.S.,  
	 

	 
	as Guarantor
	 

	 
	 
	 
	 

	 
	By:
	/s/ Geert Braaksma
	 

	 
	 
	Name:  Geert Braaksma
	 

	 
	 
	Title:    Director
	 

Signature Page to
Amendment No. 7 to Credit Agreement

SIGNED AND DELIVERED as a DEED 
 for and on behalf  of
SENSATA FINANCE IRELAND LIMITED
by its lawfully appointed attorney:
/s/ Graeme Thompson
Name: Graeme Thompson
Title:  Attorney

in the presence of: Eoin Traynor

Eoin Traynor                               
Signature of Witness

Trainee Solicitor                         
Occupation of Witness

25-28 North Wall Quay, Dublin 1
Address of Witness

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	MORGAN STANLEY SENIOR FUNDING, INC.,
	 

	 
	as Administrative Agent
	 

	 
	 
	 
	 

	 
	By:
	/s/  Stephen B. King
	 

	 
	 
	Name: Stephen B. King
	 

	 
	 
	Title: Vice President
	 

Signature Page to
Amendment No. 7 to Credit Agreement

	
				
	 
	BANK OF AMERICA, N.A.,
	 

	 
	 as a Revolving Credit Lender
	 

	 
	 
	 
	 

	 
	By:
	/s/  Robert C. Megan
	 

	 
	 
	Name: Robert C. Megan
	 

	 
	 
	Title: Senior Vice President
	 

Signature Page to
Amendment No. 7 to Credit Agreement

Schedule A

Revolving Credit Commitments

	
				
	Revolving Credit Lender
	Existing Revolving Credit Commitments
	Additional Revolving Credit Commitments
	Total Revolving Credit Commitments

	Morgan Stanley Bank, N.A.
	$84,500,000
	$0
	$84,500,000

	Morgan Stanley Senior Funding, Inc.
	$5,500,000
	$0
	$5,500,000

	Barclays Bank PLC
	$90,000,000
	$0
	$90,000,000

	Goldman Sachs Bank USA
	$50,000,000
	$0
	$50,000,000

	Mizuho Bank Ltd.
	$50,000,000
	$0
	$50,000,000

	Royal Bank of Canada
	$50,000,000
	$0
	$50,000,000

	Bank of America, N.A.
	$20,000,000
	$70,000,000
	$90,000,000

	

Total
	

$350,000,000
	 
	

$420,000,000

NYDOCS01/1625180.5A

Schedule B -1

Seventh Amendment Effective Date Legal Opinions

	
		
	

JURISDICTION
	

COUNSEL

	Belgium
	ALTIUS CVBA – Collateral Opinion 
Loyens & Loeff CVBA/SCRL – Capacity Opinion

	Bermuda
	Conyers Dill & Pearman Limited

	Bulgaria
	Gugushev & Partners – Capacity Opinion

	France
	Skadden, Arps, Slate, Meagher & Flom LLP 

	England & Wales (UK)
	Shearman & Sterling (London) LLP

	Ireland
	A&L Goodbody

	Japan
	Morrison & Foerster LLP – Capacity Opinion 

	Luxembourg
	Loyens & Loeff Luxembourg S.à r.l. – Capacity Opinion

	Malaysia
	Azim Tunku Farik & Wong & Partners – Capacity
Opinion
Wong & Partners – Collateral Opinion

	Mexico
	Creel, Garcia-Cuellar, Aiza y Enriquez, S.C. – Capacity Opinion

	Netherlands
	Van Doorne N.V. – Collateral Opinion 
Loyens & Loeff N.V. – Capacity Opinion

	United States
	Kirkland & Ellis LLP

NYDOCS01/1625180.5A

Schedule B -2

Post- Seventh Amendment Effective Date Legal Opinions

	
		
	

JURISDICTION
	

COUNSEL

	Bulgaria
	Gugushev & Partners – Collateral Opinion

	Japan
	Morrison & Foerster LLP – Collateral Opinion 

	Luxembourg
	M Partners S.à r.l. – Enforceability Opinion

	Mexico
	Creel, Garcia-Cuellar, Aiza y Enriquez, S.C. – Collateral Opinion

NYDOCS01/1625180.5A

Schedule C

Seventh Amendment Effective Date Deliverables

England & Wales (UK)

		
	1.
	Confirmation in respect of English Law Debenture.

Ireland

		
	1.
	Declaration re financial assistance.

		
	2.
	Confirmation in respect of the Irish law Debenture executed by Sensata Finance Ireland Limited.

		
	3.
	Confirmation in respect of Irish law Share Charge executed by August LuxUK Holding Company.

Luxembourg

		
	1.
	Confirmation agreement, governed by Luxembourg law, to be entered into by and between ST Schrader Holding Company UK Limited, Sensor-Nite NV, ST August Lux Company S.à r.l., ST August Lux Intermediate Holdco S.à r.l., August Lux Holding Company, August Brazil Holding Company. August LuxUK Holding Company and Morgan Stanley (the “Confirmation Agreement”) in relation to:

		
	a.
	a share pledge agreement, governed by Luxembourg law, dated December January 8, 2015, entered into by and between ST Schrader Holding Company UK Limited as pledgor, Morgan Stanley as pledgee and ST August Lux Company S.à r.l. as company;

		
	b.
	a share pledge agreement, governed by Luxembourg law, dated December January 8, 2015, entered into by and between ST August Lux Company S.à r.l. as pledgor, Morgan Stanley as pledgee and ST August Lux Intermediate Holdco S.à r.l. as company

		
	c.
	a share pledge agreement, governed by Luxembourg law, dated January 8, 2015, entered into by and between ST August Lux Intermediate Holdco S.à r.l. and Sensor-Nite NV as pledgors, Morgan Stanley as pledgee and August Lux Holding Company as company,

		
	d.
	a share pledge agreement, governed by Luxembourg law, dated January 8, 2015, entered into by and between August Lux Holding Company as pledgor, Morgan Stanley as pledgee and August LuxUK Holding Company as company, and

		
	e.
	a share pledge agreement, governed by Luxembourg law, dated January 8, 2015, entered into by and between August Lux Holding Company as pledgor, Morgan Stanley as pledgee and August Brazil Holding Company as company.

Malaysia

		
	1.
	Debenture Confirmation.

		
	2.
	Share Charge Confirmation.

3.     Form 40B – Notice of Variation in Terms of Charge.

France

		
	1.
	Financial securities account pledge agreement of August France Holding Company S.A.S. over Schrader S.A.S. (and the related executed (i) statement of pledge and (ii) certificate of pledge).

NYDOCS01/1625180.5A

		
	2.
	Financial securities account pledge agreement of Sensata Technologies France S.A.S. over August France Holding Company S.A.S. (and the related executed (i) statement of pledge and (ii) certificate of pledge).

    
NYDOCS01/1625180.5A

Schedule D

Post- Seventh Amendment Effective Date Deliverables 

Unless otherwise noted below, to be delivered within 90 days following the Seventh Amendment Effective Date (or such later date as the Administrative Agent may agree in its reasonable discretion):

Bulgaria

		
	1.
	Notarized copy of Annex No. 8 to the Going Concern Pledge Agreement relating to the going concern of Sensata Technologies Bulgaria EOOD ("Going Concern Pledge Agreement").

		
	2.
	Notarized copy of Annex No. 6 to the Share and Dividends Pledge Agreement relating to the quotas in Sensata Technologies Bulgaria EOOD ("Share and Dividends Pledge Agreement").

		
	3.
	Current legal status certificate of Sensata Technologies Bulgaria EOOD issued by the Commercial Registry evidencing that the modifications in the security interest created by Annex No. 6 to the Share and Dividends Pledge Agreement have been duly registered. 

		
	4.
	Certificate issued by the Central Pledges Registry evidencing that the modifications in the security interests created by Annex No. 6 to the Share and Dividends Pledge Agreement have been duly registered in respect of the pledged Rights (as defined in the Share and Dividends Pledge Agreement).

		
	5.
	Current status certificate of Sensata Technologies Bulgaria EOOD issued by the Commercial Registry evidencing that the modifications in the security interest created by Annex No. 8 to the Going Concern Pledge Agreement have been duly registered. 

		
	6.
	Certificate issued by the Central Pledges Registry evidencing that the modifications in the security interest created by Annex No. 8 to the Going Concern Pledge Agreement have been duly registered in respect of movables and receivables representing specified assets, owned by the Sensata Technologies Bulgaria EOOD (as defined in the Going Concern Pledge Agreement).

		
	7.
	Certificates issued by the Land Registry - Botevgrad and the Land Registry - Plovdiv evidencing that the modifications in the security interest created by Annex No. 8 to the Going Concern Pledge Agreement have been duly registered in respect of land plots representing specified assets, owned by Sensata Technologies Bulgaria EOOD (as defined in the Going Concern Pledge Agreement). 

		
	8.
	Notification to the Patent Office regarding registration of the modifications in the security interest created by Annex No. 8 to the Going Concern Pledge Agreement in respect of the utility model representing specified asset, owned by Sensata Technologies Bulgaria EOOD (as defined in the Going Concern Pledge Agreement).

Ireland

		
	1.
	Confirmation declaration filed with the Irish CRO within 21 days of execution of the Amendment.

		
	2.
	Confirmation shareholder resolution filed with the Irish CRO  within 15 days of the passing thereof.

Japan

		
	1.
	Japanese Security Agreement - Assignment of Personal Property as Security (Johtotampo-ken).

		
	2.
	Japanese Security Agreement - Assignment of Inventory as Security (Johtotampo-ken).

NYDOCS01/1625180.5A

		
	3.
	Japanese Security Agreement - Assignment of Accounts Receivable as Security (Johtotampo-ken).

		
	4.
	Japanese Security Agreement - Pledge (Shichi-ken) of Patents and Trademark.

		
	5.
	Japanese Security Agreement - Pledge (Shichi-ken) of Shares of Sensata Technologies Japan Limited.

		
	6.
	Notice of Certificate of Date of Reflection (kakutei-hizuke). 

		
	7.
	Copy of Shareholder Register.

		
	8.
	Promissory Note No. 6 (Acknowledgment of Debt) from BV Borrower to Collateral Agent. 

Luxembourg

Within two Business Days of the Seventh Amendment Effective Date, each of ST Schrader Holding Company UK Limited, ST August Lux Company S.à r.l, ST August Lux Intermediate Holdco S.à r.l., Sensor-Nite NV and August Lux Holding Company (each a “Pledgor” and together the “Pledgors”) shall register or procure the registration of the following phrase (as adjusted mutatis mutandis) in the respective share registers of ST August Lux Company S.à r.l., ST August Lux Intermediate Holdco S.à r.l., August Lux Holding Company, August LuxUK Holding Company and August Brazil Holding Company immediately after the last inscription appearing therein in respect of the confirmation agreement entered into by the Pledgors and the Administrative Agent on 26 March 2015:

“Pursuant to the Seventh Amendment to the Credit Agreement dated September 29, 2015 entered into, inter alios, by and between [ST Schrader Holding Company UK Limited / ST August Lux Company S.à r.l. / ST August Lux Intermediate Holdco S.à r.l. / Sensor-Nite NV /  August Lux Holding Company] as pledgor[s], Morgan Stanley Senior Funding, INC., as pledgee (the “Pledgee”) and [ST August Lux Company S.à r.l. / ST August Lux Intermediate Holdco S.à r.l. / August Lux Holding Company / August LuxUK Holding Company / August Brazil Holding Company]  as company, the share pledge agreement, governed by Luxembourg law, dated January 8, 2015, by and between [ST Schrader Holding Company UK Limited / ST August Lux Company S.à r.l. / ST August Lux Intermediate Holdco S.à r.l. / Sensor-Nite NV /  August Lux Holding Company] as pledgor[s], the Pledgee and [ST August Lux Company S.à r.l. / ST August Lux Intermediate Holdco S.à r.l. / August Lux Holding Company / August LuxUK Holding Company / August Brazil Holding Company]  as company (the “Share Pledge Agreement”), and the security interests (gage de premier rang) created thereunder (i) continue in full force and effect, (ii) are preserved for the benefit of the Pledgee, (iii) are (and will be) maintained and preserved for the benefit of the Pledgee (iv) are (and will be) held and administered by the Pledgee in accordance with the Share Pledge Agreement and (v) are not and will not be reduced, discharged or otherwise adversely affected by any amendment, variation, novation, replacement or supplement of or to any of the Secured Obligations (as defined in the Share Pledge Agreement) including without limitation any increase in or extension of the Secured Obligations and any addition of Secured Obligations.”

Immediately following such inscription, each Pledgor shall provide to the Administrative Agent a true copy of its share register, including the inscription.

Mexico

		
	1.
	Amendment to Mexican Mortgage (Hipoteca) on Aguascalientes Real Estate.

		
	2.
	Amendment to Floating Lien Pledge Agreement (Contrato de Prenda sin Transmision de Posesion).

    
NYDOCS01/1625180.5A

		
	3.
	Amendment to Equity Interest Pledge Agreement (Contrato de Prenda sobre Partes Sociales).

		
	4.
	Power of Attorney for the amendments listed above. 

    
NYDOCS01/1625180.5A

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