Document:

Registration Rights Agreement

 Exhibit 4.2 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT dated
August 14, 2013 (this “Agreement”) is entered into by and among Murphy Oil USA, Inc., a Delaware corporation (the “Company”), Murphy USA Inc., a Delaware corporation which, upon completion of the Separation (as
defined in the Purchase Agreement (as defined in below)) will become the parent of the Company (“Holdings”), the subsidiaries of the Company listed in Schedule 1 hereto (together with Holdings, the “Initial
Guarantors”) and J.P. Morgan Securities LLC, as representative (the “Representative”) of the initial purchasers listed in Schedule 1 to the Purchase Agreement (as defined below) (the “Initial Purchasers”).

 The Company, the Guarantors and the Representative, for itself and on behalf of the several Initial Purchasers, are parties
to the Purchase Agreement dated August 9, 2013 (the “Purchase Agreement”), which provides for the sale by the Company to the Initial Purchasers of $500,000,000 aggregate principal amount of the Company’s 6.000% Senior
Notes due 2023 (the “Securities”) which will be guaranteed on an unsecured senior basis by each of the Guarantors. As an inducement to the Initial Purchasers to enter into the Purchase Agreement, the Company and the Guarantors have
agreed to provide to the Initial Purchasers and their direct and indirect transferees the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the closing under the Purchase Agreement.

 In consideration of the foregoing, the parties hereto agree as follows: 

1. Definitions. As used in this Agreement, the following terms shall have the following meanings: 

“Additional Guarantor” shall mean any subsidiary of the Company that executes a supplemental indenture to the Indenture
pursuant to which such subsidiary becomes a Guarantor of the Securities after the date of this Agreement. 
 “Business
Day” shall mean any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed. 
 “Company” shall have the meaning set forth in the preamble and shall also include the Company’s successors. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 
 “Exchange Dates” shall have the meaning set forth in Section 2(a)(ii) hereof. 

 “Exchange Offer” shall mean the exchange offer by the Company and the
Guarantors of Exchange Securities for Registrable Securities pursuant to Section 2(a) hereof. 
 “Exchange Offer
Registration” shall mean a registration under the Securities Act effected pursuant to Section 2(a) hereof. 

“Exchange Offer Registration Statement” shall mean an exchange offer registration statement on Form S-4 (or, if
applicable, on another appropriate form) and all amendments and supplements to such registration statement, in each case including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by
reference therein. 
 “Exchange Securities” shall mean senior notes issued by the Company and guaranteed by the
Guarantors under the Indenture containing terms identical to the Securities (except that the Exchange Securities will not be subject to restrictions on transfer or to any increase in annual interest rate for failure to comply with this Agreement,
and may have a different first interest payment date) and to be offered to Holders of Securities in exchange for Securities pursuant to the Exchange Offer. 
 “FINRA” means the Financial Industry Regulatory Authority, Inc. 

“Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405 under the Securities Act) prepared
by or on behalf of the Company or used or referred to by the Company in connection with the sale of the Securities or the Exchange Securities. 
 “Guarantees” shall mean the guarantees of the Securities and guarantees of the Exchange Securities by the Guarantors under the Indenture. 

“Guarantors” shall mean the Initial Guarantors, any Additional Guarantors and any Guarantor’s successor that
Guarantees the Securities. 
 “Holders” shall mean the Initial Purchasers, for so long as they own any
Registrable Securities, and each of their successors, assigns and direct and indirect transferees who become owners of Registrable Securities under the Indenture; provided that, for purposes of Section 4 and Section 5 hereof, the
term “Holders” shall include Participating Broker-Dealers. 
 “Indemnified Person” shall have the
meaning set forth in Section 5(c) hereof. 
 “Indemnifying Person” shall have the meaning set forth in
Section 5(c) hereof. 
 “Indenture” shall mean the Indenture relating to the Securities dated as of
August 14, 2013 among the Company, the Guarantors and U.S. Bank National Association, as trustee, and as the same may be amended from time to time in accordance with the terms thereof. 

  
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 “Initial Purchasers” shall have the meaning set forth in the preamble.

 “Inspector” shall have the meaning set forth in Section 3(a)(xiv) hereof. 

“Issuer Information” shall have the meaning set forth in Section 5(a) hereof. 

“J.P. Morgan” shall have the meaning set forth in the preamble. 

“Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of the outstanding Registrable
Securities; provided that whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, any Registrable Securities owned directly or indirectly by the Company or any of its affiliates
shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage or amount; and provided, further, that if the Company shall issue any additional Securities under the Indenture
prior to consummation of the Exchange Offer or, if applicable, the effectiveness of any Shelf Registration Statement, such additional Securities and the Registrable Securities to which this Agreement relates shall be treated together as one class
for purposes of determining whether the consent or approval of Holders of a specified percentage of Registrable Securities has been obtained. 
 “Notice and Questionnaire” shall mean a notice of registration statement and selling security holder questionnaire distributed to a Holder by the Company upon receipt of a Shelf Request
from such Holder. 
 “Participating Broker-Dealers” shall have the meaning set forth in Section 4(a)
hereof. 
 “Participating Holder” shall mean any Holder of Registrable Securities that has returned a completed
and signed Notice and Questionnaire to the Company in accordance with Section 2(b) hereof. 
 “Person”
shall mean an individual, partnership, limited liability company, corporation, trust or unincorporated organization, or a government or agency or political subdivision thereof. 

“Prospectus” shall mean the prospectus included in, or, pursuant to the rules and regulations of the Securities Act,
deemed a part of, a Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus supplement, including a prospectus supplement with respect to the terms of the offering of any
portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and supplements to such prospectus, and in each case including any document incorporated by reference therein. 

“Purchase Agreement” shall have the meaning set forth in the preamble. 

  
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 “Registrable Securities” shall mean the Securities; provided that
the Securities shall cease to be Registrable Securities (i) when a Registration Statement with respect to such Securities has become effective under the Securities Act and such Securities have been exchanged or disposed of pursuant to such
Registration Statement, (ii) when such Securities cease to be outstanding or (iii) when the Exchange Offer is consummated, whether or not such notes are tendered for exchange in the Exchange Offer, except for Securities whose beneficial
interests are held by an Initial Purchaser and that are ineligible to be exchanged in the Exchange Offer,. 

“Registration Default” shall mean the occurrence of any of the following: (i) the Exchange Offer is not completed
on or prior to the Target Registration Date, (ii) the Shelf Registration Statement, if required pursuant to Section 2(b)(i) or Section 2(b)(ii) hereof, has not become effective on or prior to the Target Registration Date,
(iii) if the Company receives a Shelf Request pursuant to Section 2(b)(iii), the Shelf Registration Statement required to be filed thereby has not become effective by the later of (a) the Target Registration Date and (b) 90 days
after delivery of such Shelf Request, (iv) the Shelf Registration Statement, if required by this Agreement, has become effective and thereafter ceases to be effective or the Prospectus contained therein ceases to be usable, in each case whether
or not permitted by this Agreement, at any time during the Shelf Effectiveness Period, and such failure to remain effective or usable exists for more than 60 days (whether or not consecutive) in any 12-month period or (v) the Shelf Registration
Statement, if required by this Agreement, has become effective and thereafter, on more than two occasions in any 12-month period during the Shelf Effectiveness Period, the Shelf Registration Statement ceases to be effective or the Prospectus
contained therein ceases to be usable, in each case whether or not permitted by this Agreement. 
 “Registration
Expenses” shall mean any and all expenses incident to performance of or compliance by the Company and the Guarantors with this Agreement, including without limitation: (i) all SEC, stock exchange or FINRA registration and filing fees,
(ii) all fees and expenses incurred in connection with compliance with state securities or blue sky laws (including reasonable fees and disbursements of counsel for any Underwriters or Holders in connection with blue sky qualification of any
Exchange Securities or Registrable Securities), (iii) all expenses of any Persons in preparing or assisting in preparing, word processing, printing and distributing any Registration Statement, any Prospectus, any Free Writing Prospectus and any
amendments or supplements thereto, any underwriting agreements, securities sales agreements or other similar agreements and any other documents relating to the performance of and compliance with this Agreement, (iv) all rating agency fees,
(v) all fees and disbursements relating to the qualification of the Indenture under applicable securities laws, (vi) the fees and disbursements of the Trustee and its counsel, (vii) the fees and disbursements of counsel for the
Company and the Guarantors and, in the case of a Shelf Registration Statement, the fees and disbursements of one counsel for the Participating Holders (which counsel shall be selected by the Participating Holders holding a majority of the aggregate
principal amount of Registrable Securities held by such Participating Holders and which counsel may also be counsel for the Initial Purchasers) and (viii) the fees and disbursements of the independent registered public accountants of the
Company and the Guarantors, including the expenses of any special audits or “comfort” letters required by or incident to the performance of and compliance with this Agreement, but excluding fees and expenses of counsel to the Underwriters
(other than fees and expenses set forth in clause 

  
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(ii) above) or the Holders and underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder.

 “Registration Statement” shall mean any registration statement of the Company and the Guarantors that covers
any of the Exchange Securities or Registrable Securities pursuant to the provisions of this Agreement and all amendments and supplements to any such registration statement, including post-effective amendments, in each case including the Prospectus
contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein. 

“Representative” shall have the meaning set forth in the preamble. 

“SEC” shall mean the United States Securities and Exchange Commission. 

“Securities” shall have the meaning set forth in the preamble. 

“Securities Act” shall mean the Securities Act of 1933, as amended from time to time. 

“Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof. 

“Shelf Registration” shall mean a registration effected pursuant to Section 2(b) hereof. 

“Shelf Registration Statement” shall mean a “shelf” registration statement of the Company and the Guarantors
that covers all or a portion of the Registrable Securities (but no other securities unless approved by a majority in aggregate principal amount of the Securities held by the Participating Holders) on an appropriate form under Rule 415 under the
Securities Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such registration statement, including post-effective amendments, in each case including the Prospectus contained therein or deemed a part
thereof, all exhibits thereto and any document incorporated by reference therein. 
 “Shelf Request” shall have
the meaning set forth in Section 2(b) hereof. 
 “Staff” shall mean the staff of the SEC. 

“Target Registration Date” shall mean August 9, 2014. 

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from time to time. 

“Trustee” shall mean the trustee with respect to the Securities under the Indenture. 

“Underwriter” shall have the meaning set forth in Section 3(e) hereof. 

  
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 “Underwritten Offering” shall mean an offering in which Registrable
Securities are sold to an Underwriter for reoffering to the public. 
 2. Registration Under the Securities Act.
(a) To the extent not prohibited by any applicable law or applicable interpretations of the Staff, the Company and the Guarantors shall use their reasonable best efforts to (x) cause to be filed an Exchange Offer Registration Statement
covering an offer to the Holders to exchange all the Registrable Securities for Exchange Securities and (y) have such Registration Statement become and remain effective after the last Exchange Date for use by one or more Participating
Broker-Dealers and other Persons, if any, with similar prospectus delivery requirements for the period of time required under the Securities Act for the delivery of a prospectus by Participating Broker-Dealers or such other Persons. The Company and
the Guarantors shall commence the Exchange Offer promptly after the Exchange Offer Registration Statement is declared effective by the SEC and use their reasonable best efforts to complete the Exchange Offer not later than 60 days after such
effective date. 
 The Company and the Guarantors shall commence the Exchange Offer by mailing the related Prospectus,
appropriate letters of transmittal and other accompanying documents to each Holder stating, in addition to such other disclosures as are required by applicable law, substantially the following: 

 

	 	(i)	that the Exchange Offer is being made pursuant to this Agreement and that all Registrable Securities validly tendered and not properly withdrawn will be accepted for
exchange; 

  

	 	(ii)	the dates of acceptance for exchange (which shall be a period of at least 20 Business Days from the date such notice is mailed) (the “Exchange Dates”);

  

	 	(iii)	that any Registrable Security not tendered will remain outstanding and continue to accrue interest but will not retain any rights under this Agreement, except as
otherwise specified herein; 

  

	 	(iv)	that any Holder electing to have a Registrable Security exchanged pursuant to the Exchange Offer will be required to (A) surrender such Registrable Security,
together with the appropriate letters of transmittal, to the institution and at the address and in the manner specified in the notice, or (B) effect such exchange otherwise in compliance with the applicable procedures of the depositary for such
Registrable Security, in each case prior to the close of business on the last Exchange Date; and 

  

	 	(v)	that any Holder will be entitled to withdraw its election, not later than the close of business on the last Exchange Date, by (A) sending to the institution and at
the address specified in the notice, a telegram, facsimile transmission or letter setting forth the name of such Holder, the principal amount of Registrable Securities delivered for exchange and a statement that such Holder is withdrawing its
election to have such Securities exchanged or (B) effecting such withdrawal in compliance with the applicable procedures of the depositary for the Registrable Securities. 

  
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 As a condition to participating in the Exchange Offer, a Holder will be required to
represent to the Company and the Guarantors that (1) any Exchange Securities to be received by it will be acquired in the ordinary course of its business, (2) at the time of the commencement of the Exchange Offer it has no arrangement or
understanding with any Person to participate in the distribution (within the meaning of the Securities Act) of the Exchange Securities in violation of the provisions of the Securities Act, (3) it is not an “affiliate” (within the
meaning of Rule 405 under the Securities Act) of the Company or any Guarantor and (4) if such Holder is a broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable Securities that were acquired as a
result of market-making or other trading activities, then such Holder will deliver a Prospectus (or, to the extent permitted by law, make available a Prospectus to purchasers) in connection with any resale of such Exchange Securities. 

As soon as practicable after the last Exchange Date, the Company and the Guarantors shall: 

 

	 	(I)	accept for exchange Registrable Securities or portions thereof validly tendered and not properly withdrawn pursuant to the Exchange Offer; and 

 

	 	(II)	deliver, or cause to be delivered, to the Trustee for cancellation all Registrable Securities or portions thereof so accepted for exchange by the Company and issue, and
cause the Trustee to promptly authenticate and deliver to each Holder, Exchange Securities equal in principal amount to the principal amount of the Registrable Securities tendered by such Holder. 

The Company and the Guarantors shall use their reasonable best efforts to complete the Exchange Offer as provided above and shall comply
with the applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in connection with the Exchange Offer. The Exchange Offer shall not be subject to any conditions, other than that the Exchange Offer
does not violate any applicable law or applicable interpretations of the Staff. 
 (b) In the event that (i) the Company
and the Guarantors determine that the Exchange Offer Registration provided for in Section 2(a) hereof is not available or the Exchange Offer may not be completed as soon as practicable after the last Exchange Date because it would violate any
applicable law or applicable interpretations of the Staff, (ii) the Exchange Offer is not for any other reason completed by the Target Registration Date or (iii) upon receipt of a written request (a “Shelf Request”) from
any Initial Purchaser representing that it holds Registrable Securities that are or were ineligible to be exchanged in the Exchange Offer, the Company and the Guarantors shall use their reasonable best efforts to cause to be filed as soon as
practicable after such determination, date or Shelf Request, as the case may be, a Shelf Registration Statement providing for the sale of all the Registrable Securities by the Holders thereof and to have such Shelf Registration Statement become
effective; provided that no Holder will be entitled to have 

  
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any Registrable Securities included in any Shelf Registration Statement, or entitled to use the prospectus forming a part of such Shelf Registration Statement, until such Holder shall have
delivered a completed and signed Notice and Questionnaire and provided such other information regarding such Holder to the Company as is contemplated by Section 3(b) hereof. 

In the event that the Company and the Guarantors are required to file a Shelf Registration Statement pursuant to clause (iii) of the
preceding sentence, the Company and the Guarantors shall use their reasonable best efforts to file and have become effective both an Exchange Offer Registration Statement pursuant to Section 2(a) hereof with respect to all Registrable
Securities and a Shelf Registration Statement (which may be a combined Registration Statement with the Exchange Offer Registration Statement) with respect to offers and sales of Registrable Securities held by the Initial Purchasers after completion
of the Exchange Offer. 
 The Company and the Guarantors agree to use their reasonable best efforts to keep the Shelf
Registration Statement, if required, continuously effective for a period of two years from its effectiveness or such shorter period that will terminate when all the Securities cease to be Registrable Securities (the “Shelf Effectiveness
Period”). The Company and the Guarantors further agree to supplement or amend the Shelf Registration Statement, the related Prospectus and any Free Writing Prospectus if required by the rules, regulations or instructions applicable to the
registration form used by the Company for such Shelf Registration Statement or by the Securities Act or by any other rules and regulations thereunder or if reasonably requested by a Holder of Registrable Securities with respect to information
relating to such Holder, and to use their reasonable best efforts to cause any such amendment to become effective, if required, and such Shelf Registration Statement, Prospectus or Free Writing Prospectus, as the case may be, to become usable as
soon as thereafter practicable, subject to Section 3(d) below. The Company and the Guarantors agree to furnish to the Participating Holders copies of any such supplement or amendment promptly after its being used or filed with the SEC.

 (c) The Company and the Guarantors shall pay all Registration Expenses in connection with any registration pursuant to
Section 2(a) or Section 2(b) hereof. Each Holder shall pay all underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of such Holder’s Registrable Securities
pursuant to the Shelf Registration Statement. 
 (d) An Exchange Offer Registration Statement pursuant to Section 2(a)
hereof will not be deemed to have become effective unless it has been declared effective by the SEC. A Shelf Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become effective unless it has been declared
effective by the SEC or is automatically effective upon filing with the SEC as provided by Rule 462 under the Securities Act. 

If a Registration Default occurs, the interest rate on the Registrable Securities will be increased by (i) 0.25% per annum for
the first 90-day period beginning on the day immediately following such Registration Default and (ii) an additional 0.25% per annum 

  
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with respect to each subsequent 90-day period, in each case until and including the date such Registration Default ends, up to a maximum increase of 1.00% per annum. A Registration Default
ends when the Securities cease to be Registrable Securities or, if earlier, (1) in the case of a Registration Default under clause (i) of the definition thereof, when the Exchange Offer is completed, (2) in the case of a Registration
Default under clause (ii) or clause (iii) of the definition thereof, when the Shelf Registration Statement becomes effective or (3) in the case of a Registration Default under clause (iv) or clause (v) of the definition
thereof, when the Shelf Registration Statement again becomes effective or the Prospectus again becomes usable. If at any time more than one Registration Default has occurred and is continuing, then, until the next date that there is no Registration
Default, the increase in interest rate provided for by this paragraph shall apply as if there occurred a single Registration Default that begins on the date that the earliest such Registration Default occurred and ends on such next date that there
is no Registration Default. 
 (e) Without limiting the remedies available to the Initial Purchasers and the Holders, the
Company and the Guarantors acknowledge that any failure by the Company or the Guarantors to comply with their obligations under Section 2(a) and Section 2(b) hereof may result in material irreparable injury to the Initial Purchasers or the
Holders for which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of any such failure, the Initial Purchasers or any Holder may obtain such relief as may be
required to specifically enforce the Company’s and the Guarantors’ obligations under Section 2(a) and Section 2(b) hereof. 
 3. Registration Procedures. (a) In connection with their obligations pursuant to Section 2(a) and Section 2(b) hereof, the Company and the Guarantors shall promptly: 

(i) prepare and file with the SEC a Registration Statement on the appropriate form under the Securities Act, which form (A) shall be
selected by the Company and the Guarantors, (B) shall, in the case of a Shelf Registration, be available for the sale of the Registrable Securities by the Holders thereof and (C) shall comply as to form in all material respects with the
requirements of the applicable form and include or incorporate by reference all financial statements required by the SEC to be filed therewith; and use their reasonable best efforts to cause such Registration Statement to become effective and remain
effective for the applicable period in accordance with Section 2 hereof; 
 (ii) subject to Section 3(d) below,
prepare and file with the SEC such amendments and post-effective amendments to each Registration Statement as may be necessary to keep such Registration Statement effective for the applicable period in accordance with Section 2 hereof and cause
each Prospectus to be supplemented by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act; and keep each Prospectus current during the period described in Section 4(a)(3) of and
Rule 174 under the Securities Act that is applicable to transactions by brokers or dealers with respect to the Registrable Securities or Exchange Securities; 
 (iii) to the extent any Free Writing Prospectus is used, file with the SEC any Free Writing Prospectus that is required to be filed by the Company or the Guarantors with the SEC in accordance with the
Securities Act and to retain any Free Writing Prospectus not required to be filed; 

  
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 (iv) in the case of a Shelf Registration, furnish to each Participating Holder, to counsel
for the Initial Purchasers, to counsel for such Participating Holders and to each Underwriter of an Underwritten Offering of Registrable Securities, if any, without charge, as many copies of each Prospectus, preliminary prospectus or Free Writing
Prospectus, and any amendment or supplement thereto, as such Participating Holder, counsel or Underwriter may reasonably request in order to facilitate the sale or other disposition of the Registrable Securities thereunder; and, subject to
Section 3(c) hereof, the Company and the Guarantors consent to the use of such Prospectus, preliminary prospectus or such Free Writing Prospectus and any amendment or supplement thereto in accordance with applicable law by each of the
Participating Holders and any such Underwriters in connection with the offering and sale of the Registrable Securities covered by and in the manner described in such Prospectus, preliminary prospectus or such Free Writing Prospectus or any amendment
or supplement thereto in accordance with applicable law; 
 (v) use their reasonable best efforts to register or qualify the
Registrable Securities under all applicable state securities or blue sky laws of such jurisdictions as any Participating Holder shall reasonably request in writing by the time the applicable Registration Statement becomes effective; cooperate with
such Participating Holders in connection with any filings required to be made with FINRA; and do any and all other acts and things that may be reasonably necessary or advisable to enable each Participating Holder to complete the disposition in each
such jurisdiction of the Registrable Securities owned by such Participating Holder; provided that neither the Company nor any Guarantor shall be required to (1) qualify as a foreign corporation or other entity or as a dealer in
securities in any such jurisdiction where it would not otherwise be required to so qualify, (2) file any general consent to service of process in any such jurisdiction or (3) subject itself to taxation in any such jurisdiction if it is not
so subject; 
 (vi) notify counsel for the Initial Purchasers and, in the case of a Shelf Registration, notify each
Participating Holder and counsel for such Participating Holders promptly and, if requested by any such Participating Holder or counsel, confirm such advice in writing (1) when a Registration Statement has become effective, when any
post-effective amendment thereto has been filed and becomes effective, when any Free Writing Prospectus has been filed or any amendment or supplement to the Prospectus or any Free Writing Prospectus has been filed, (2) of any request by the SEC
or any state securities authority for amendments and supplements to a Registration Statement, Prospectus or any Free Writing Prospectus or for additional information after the Registration Statement has become effective, (3) of the issuance by
the SEC or any state securities authority of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, including the receipt by the Company of any notice of objection of the SEC to
the use of a Shelf Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act, (4) if, between the applicable effective date of a Shelf Registration

  
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Statement and the closing of any sale of Registrable Securities covered thereby, the representations and warranties of the Company or any Guarantor contained in any underwriting agreement,
securities sales agreement or other similar agreement, if any, relating to an offering of such Registrable Securities cease to be true and correct in all material respects or if the Company or any Guarantor receives any notification with respect to
the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose, (5) of the happening of any event during the period a Registration Statement is effective that
makes any statement made in such Registration Statement or the related Prospectus or any Free Writing Prospectus untrue in any material respect or that requires the making of any changes in such Registration Statement or Prospectus or any Free
Writing Prospectus in order to make the statements therein not misleading, (6) of any determination by the Company or any Guarantor that a post-effective amendment to a Registration Statement or any amendment or supplement to the Prospectus or
any Free Writing Prospectus would be appropriate and (7) of any good faith determination by the Company that effecting a Shelf Registration (or maintaining the effectiveness or usability of a Shelf Registration Statement) would materially and
adversely affect an offering of securities of the Company or of the fact that the Company is in possession of material non-public information the disclosure of which would not be in the best interest of the Company; 

(vii) subject to Section 3(d) below, use their reasonable best efforts to obtain the withdrawal of any order suspending the
effectiveness of a Registration Statement or, in the case of a Shelf Registration, the resolution of any objection of the SEC pursuant to Rule 401(g)(2) under the Securities Act, including by filing an amendment to such Registration Statement on the
proper form, at the earliest possible moment and provide immediate notice to each Holder or Participating Holder of the withdrawal of any such order or such resolution; 
 (viii) in the case of a Shelf Registration, furnish to each Participating Holder upon request, without charge, at least one conformed copy of each Registration Statement and any post-effective amendment
thereto (without any documents incorporated therein by reference or exhibits thereto, unless requested); 
 (ix) in the case of
a Shelf Registration, cooperate with the Participating Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends and enable such Registrable
Securities to be issued in such denominations and registered in such names (consistent with the provisions of the Indenture) as such Participating Holders may reasonably request at least one Business Day prior to the closing of any sale of
Registrable Securities; 
 (x) upon the occurrence of any event contemplated by Section 3(a)(vi)(5) hereof, subject to
Section 3(d) below, use their reasonable best efforts to prepare and file with the SEC a supplement or post-effective amendment to the applicable Exchange Offer Registration Statement or Shelf Registration Statement or the related Prospectus or
any Free Writing Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered (or, to the extent permitted by 

  
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law, made available) to purchasers of the Registrable Securities, such Prospectus or Free Writing Prospectus, as the case may be, will not contain any untrue statement of a material fact or omit
to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and the Company shall notify the Participating Holders (in the case of a Shelf Registration Statement)
and the Initial Purchasers and any Participating Broker-Dealers known to the Company (in the case of an Exchange Offer Registration Statement) to suspend use of the Prospectus or any Free Writing Prospectus as promptly as practicable after the
occurrence of such an event, and such Participating Holders, such Participating Broker-Dealers and the Initial Purchasers, as applicable, hereby agree to suspend use of the Prospectus or any Free Writing Prospectus, as the case may be, upon receipt
of such notice from the Company until the Company and the Guarantors have amended or supplemented the Prospectus or the Free Writing Prospectus, as the case may be, to correct such misstatement or omission; 

(xi) a reasonable time prior to the filing of any Registration Statement, any Prospectus, any Free Writing Prospectus, any amendment to a
Registration Statement or amendment or supplement to a Prospectus or a Free Writing Prospectus or of any document that is to be incorporated by reference into a Registration Statement, a Prospectus or a Free Writing Prospectus after initial filing
of a Registration Statement, provide copies of such document to the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, to the Participating Holders and their counsel); and the Company and the Guarantors shall
not, at any time after initial filing of a Registration Statement, use or file any Prospectus, any Free Writing Prospectus, any amendment of or supplement to a Registration Statement or a Prospectus or a Free Writing Prospectus, or any document that
is to be incorporated by reference into a Registration Statement, a Prospectus or a Free Writing Prospectus, of which the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, the Participating Holders and their
counsel) shall not have previously been advised, furnished a copy and given the reasonable opportunity to provide comments, if any; 
 (xii) obtain a CUSIP number for all Exchange Securities or Registrable Securities, as the case may be, not later than the initial effective date of a Registration Statement; 

(xiii) cause the Indenture to be qualified under the Trust Indenture Act in connection with the registration of the Exchange Securities
or Registrable Securities, as the case may be; cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be required for the Indenture to be so qualified in accordance with the terms of the Trust Indenture Act; and
execute, and use their reasonable best efforts to cause the Trustee to execute, all documents as may be required to effect such changes and all other forms and documents required to be filed with the SEC to enable the Indenture to be so qualified in
a timely manner; 
 (xiv) in the case of a Shelf Registration, make available for inspection by a representative of the
Participating Holders (an “Inspector”), any Underwriter participating in any disposition pursuant to such Shelf Registration Statement, any 

  
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attorneys and accountants designated by a majority in aggregate principal amount of the Securities held by the Participating Holders and any attorneys and accountants designated by such
Underwriter, at reasonable times and in a reasonable manner, all pertinent financial and other records, documents and properties of the Company and its subsidiaries, and cause the respective officers, directors and employees of the Company and the
Guarantors to supply all information reasonably requested by any such Inspector, Underwriter, attorney or accountant in connection with a Shelf Registration Statement; provided that if any such information is identified by the Company or any
Guarantor as being confidential or proprietary, each Person receiving such information shall take such actions as are reasonably necessary to protect the confidentiality of such information to the extent such action is otherwise not inconsistent
with, an impairment of or in derogation of the rights and interests of any Inspector, Holder or Underwriter; 
 (xv) in the case
of a Shelf Registration, if (i) requested by the Majority Holders and (ii) the Company or any Guarantor has similar debt securities listed on any securities exchange or any automated quotation system, use their reasonable best efforts to
cause all Registrable Securities to be listed on such securities exchange or such automated quotation system on which such similar debt securities issued or guaranteed by the Company or any Guarantor are then listed, to the extent such Registrable
Securities satisfy applicable listing requirements; 
 (xvi) if reasonably requested by any Participating Holder, promptly
include or incorporate by reference in a Prospectus supplement or post-effective amendment such information with respect to such Participating Holder as such Participating Holder reasonably requests to be included therein and make all required
filings of such Prospectus supplement or such post-effective amendment as soon as the Company has received notification of the matters to be so included in such filing; 
 (xvii) in the case of a Shelf Registration, enter into such customary agreements and take all such other actions in connection therewith (including those requested by the Holders of a majority in
principal amount of the Registrable Securities covered by the Shelf Registration Statement) in order to expedite or facilitate the disposition of such Registrable Securities including, but not limited to, an Underwritten Offering and in such
connection, (1) to the extent possible, make such representations and warranties to the Participating Holders and any Underwriters of such Registrable Securities with respect to the business of the Company and its subsidiaries and the
Registration Statement, Prospectus, any Free Writing Prospectus and documents incorporated by reference or deemed incorporated by reference, if any, in each case, in form, substance and scope as are customarily made by issuers to underwriters in
underwritten offerings and confirm the same if and when requested, (2) obtain opinions of counsel to the Company and the Guarantors (which counsel and opinions, in form, scope and substance, shall be reasonably satisfactory to the Participating
Holders and such Underwriters and their respective counsel) addressed to each Participating Holder and Underwriter of Registrable Securities, covering the matters customarily covered in opinions requested in underwritten offerings, (3) obtain
“comfort” letters from the independent registered public accountants of the Company and the Guarantors (and, if necessary, any other registered public accountant of any subsidiary of the Company or any Guarantor, or of

  
 13 

 
any business acquired by the Company or any Guarantor for which financial statements and financial data are or are required to be included in the Registration Statement) addressed to each
Participating Holder (to the extent permitted by applicable professional standards) and Underwriter of Registrable Securities, such letters to be in customary form and covering matters of the type customarily covered in “comfort” letters
in connection with underwritten offerings, including but not limited to financial information contained in any preliminary prospectus, Prospectus or Free Writing Prospectus and (4) deliver such documents and certificates as may be reasonably
requested by the Holders of a majority in principal amount of the Registrable Securities being sold or the Underwriters, and which are customarily delivered in underwritten offerings, to evidence the continued validity of the representations and
warranties of the Company and the Guarantors made pursuant to clause (1) above and to evidence compliance with any customary conditions contained in an underwriting agreement; and 

(xviii) so long as any Registrable Securities remain outstanding, cause each Additional Guarantor upon the creation or acquisition by the
Company of such Additional Guarantor, to execute a counterpart to this Agreement in the form attached hereto as Annex A and to deliver such counterpart, together with an opinion of counsel as to the enforceability thereof against such entity, to the
Initial Purchasers no later than five Business Days following the execution thereof. 
 (b) In the case of a Shelf Registration
Statement, the Company may require each Holder of Registrable Securities to furnish to the Company a Notice and Questionnaire and such other information regarding such Holder and the proposed disposition by such Holder of such Registrable Securities
as the Company and the Guarantors may from time to time reasonably request in writing, and the Company and the Guarantors may exclude from such Shelf Registration Statement the Registrable Securities of any Holder that fails to furnish a Notice and
Questionnaire or such other information. 
 (c) Each Participating Holder agrees that, upon receipt of any notice from the
Company and the Guarantors of the happening of any event of the kind described in Section 3(a)(vi)(3), Section 3(a)(vi)(5) or Section 3(a)(vi)(7) hereof or any notice pursuant to Section 3(d) hereof, such Participating Holder
will forthwith discontinue disposition of Registrable Securities pursuant to the Shelf Registration Statement until such Participating Holder’s receipt of the copies of the supplemented or amended Prospectus and any Free Writing Prospectus
contemplated by Section 3(a)(x) or notice that the suspension period referred to in Section 3(d) has ended and, if so directed by the Company and the Guarantors, such Participating Holder will deliver to the Company and the Guarantors all
copies in its possession, other than permanent file copies then in such Participating Holder’s possession, of the Prospectus and any Free Writing Prospectus covering such Registrable Securities that is current at the time of receipt of such
notice. 
 (d) If the Company and the Guarantors shall give any notice to suspend the disposition of Registrable Securities
pursuant to a Registration Statement, the Company and the Guarantors shall extend the period during which such Registration Statement shall be maintained effective pursuant to this Agreement by the number of days during

  
 14 

 
the period from and including the date of the giving of such notice to and including the date when the Holders of such Registrable Securities shall have received copies of the supplemented or
amended Prospectus or any Free Writing Prospectus necessary to resume such dispositions. The Company and the Guarantors may give any such notice only twice during any 365-day period and any such suspensions shall not exceed 60 days in the aggregate
and there shall not be more than two suspensions in effect during any 365-day period. 
 (e) The Participating Holders who
desire to do so may sell such Registrable Securities in an Underwritten Offering. In any such Underwritten Offering, the investment bank or investment banks and manager or managers (each an “Underwriter”) that will administer the
offering will be selected by the Holders of a majority in principal amount of the Registrable Securities included in such offering. 
 4. Participation of Broker-Dealers in Exchange Offer. (a) The Staff has taken the position that any broker-dealer that receives Exchange Securities for its own account in the Exchange Offer in
exchange for Securities that were acquired by such broker-dealer as a result of market-making or other trading activities (a “Participating Broker-Dealer”) may be deemed to be an “underwriter” within the meaning of the
Securities Act and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Securities. 
 The Company and the Guarantors understand that it is the Staff’s position that if the Prospectus contained in the Exchange Offer Registration Statement includes a plan of distribution containing a
statement to the above effect and the means by which Participating Broker-Dealers may resell the Exchange Securities, without naming the Participating Broker-Dealers or specifying the amount of Exchange Securities owned by them, such Prospectus may
be delivered by Participating Broker-Dealers (or, to the extent permitted by law, made available to purchasers) to satisfy their prospectus delivery obligation under the Securities Act in connection with resales of Exchange Securities for their own
accounts, so long as the Prospectus otherwise meets the requirements of the Securities Act. 
 (b) In light of the above, and
notwithstanding the other provisions of this Agreement, the Company and the Guarantors agree to amend or supplement the Prospectus contained in the Exchange Offer Registration Statement for such period after the last Exchange Date (as such period
may be extended pursuant to Section 3(d) hereof), as may be necessary in order to expedite or facilitate the disposition of any Exchange Securities by Participating Broker-Dealers consistent with the positions of the Staff recited in
Section 4(a) above. The Company and the Guarantors further agree that Participating Broker-Dealers shall be authorized, subject to Section 3(d) hereof, to deliver (or, to the extent permitted by law, make available) such Prospectus during
such period in connection with the resales contemplated by this Section 4. 
 (c) The Initial Purchasers shall have no
liability to the Company, any Guarantor or any Holder with respect to any request that they may make pursuant to Section 4(b) hereof. 

  
 15 

 5. Indemnification and Contribution. (a) The Company and each Guarantor, jointly
and severally, agree to indemnify and hold harmless each Initial Purchaser and each Holder, their respective affiliates, directors and officers and each Person, if any, who controls any Initial Purchaser or any Holder within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any and all losses, claims, damages and liabilities (including, without limitation, reasonable legal fees and other expenses incurred in connection with
any suit, action or proceeding or any claim asserted, as such fees and expenses are incurred), joint or several, that arise out of, or are based upon, (1) any untrue statement or alleged untrue statement of a material fact contained in any
Registration Statement or any omission or alleged omission to state therein a material fact required to be stated therein or necessary in order to make the statements therein not misleading, or (2) any untrue statement or alleged untrue
statement of a material fact contained in any Prospectus, any Free Writing Prospectus or any “issuer information” (“Issuer Information”) filed or required to be filed pursuant to Rule 433(d) under the Securities Act, or
any omission or alleged omission to state therein a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, in each case except insofar as such losses, claims,
damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to any Initial Purchaser or information relating
to any Holder furnished to the Company in writing through the Representative or any selling Holder, respectively, expressly for use therein. In connection with any Underwritten Offering permitted by Section 3, the Company and the Guarantors,
jointly and severally, will also indemnify the Underwriters, if any, selling brokers, dealers and similar securities industry professionals participating in the distribution, their respective affiliates and each Person who controls such Persons
(within the meaning of the Securities Act and the Exchange Act) to the same extent as provided above with respect to the indemnification of the Holders, if requested in connection with any Registration Statement, any Prospectus, any Free Writing
Prospectus or any Issuer Information. 
 (b) Each Holder agrees, severally and not jointly, to indemnify and hold harmless the
Company, the Guarantors, the Initial Purchasers and the other selling Holders, the directors of the Company and the Guarantors, each officer of the Company and the Guarantors who signed the Registration Statement and each Person, if any, who
controls the Company, the Guarantors, any Initial Purchaser and any other selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the indemnity set forth in paragraph
(a) above, but only with respect to any losses, claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any
information relating to such Holder furnished to the Company in writing by such Holder expressly for use in any Registration Statement, any Prospectus and any Free Writing Prospectus. 

(c) If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or
asserted against any Person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such Person (the “Indemnified Person”) shall promptly notify the Person against whom

  
 16 

 
such indemnification may be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any
liability that it may have under paragraph (a) or (b) above except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that
the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have to an Indemnified Person otherwise than under paragraph (a) or (b) above. If any such proceeding shall be brought or asserted against an
Indemnified Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to
indemnification pursuant to this Section 5 that the Indemnifying Person may designate in such proceeding and shall pay the fees and expenses of such proceeding and shall pay the fees and expenses of such counsel related to such proceeding, as
incurred. In any such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the
Indemnified Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person shall have
reasonably concluded that there may be legal defenses available to it that are different from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded parties)
include both the Indemnifying Person and the Indemnified Person and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood and agreed that the
Indemnifying Person shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons, and
that all such fees and expenses shall be reimbursed as they are incurred. Any such separate firm (x) for any Initial Purchaser, its affiliates, directors and officers and any control Persons of such Initial Purchaser shall be designated in
writing by the Representative, (y) for any Holder, its directors and officers and any control Persons of such Holder shall be designated in writing by the Majority Holders and (z) in all other cases shall be designated in writing by the
Company. The Indemnifying Person shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to
indemnify each Indemnified Person from and against any loss or liability by reason of such settlement or judgment. No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any settlement of any pending or
threatened proceeding in respect of which any Indemnified Person is or could have been a party and indemnification could have been sought hereunder by such Indemnified Person, unless such settlement (A) includes an unconditional release of such
Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims that are the subject matter of such proceeding and (B) does not include any statement as to or any admission of fault,
culpability or a failure to act by or on behalf of any Indemnified Person. 

  
 17 

 (d) If the indemnification provided for in paragraphs (a) and (b) above is
unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall
contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits received by the Company and the Guarantors
from the offering of the Securities and the Exchange Securities, on the one hand, and by the Holders from receiving Securities or Exchange Securities registered under the Securities Act, on the other hand, or (ii) if the allocation provided by
clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Company and the Guarantors on the one hand and the
Holders on the other in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Company and the Guarantors on the one
hand and the Holders on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied
by the Company and the Guarantors or by the Holders and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

(e) The Company, the Guarantors and the Holders agree that it would not be just and equitable if contribution pursuant to this
Section 5 were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in
paragraph (d) above. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in paragraph (d) above shall be deemed to include, subject to the limitations set forth above,
any legal or other expenses incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of this Section 5, in no event shall a Holder be required to contribute any amount in excess of the
amount by which the total price at which the Securities or Exchange Securities sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission
or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The
Holders’ obligations to contribute pursuant to this Section 5 are several and not joint. 
 (f) The remedies provided
for in this Section 5 are not exclusive and shall not limit any rights or remedies that may otherwise be available to any Indemnified Person at law or in equity. 
 (g) The indemnity and contribution provisions contained in this Section 5 shall remain operative and in full force and effect regardless of (i) any termination of this Agreement, (ii) any
investigation made by or on behalf of the Initial Purchasers or any Holder or any Person controlling any Initial Purchaser or any Holder, or by or on behalf of the Company or the Guarantors or the officers or directors of or any Person controlling
the Company or the Guarantors, (iii) acceptance of any of the Exchange Securities and (iv) any sale of Registrable Securities pursuant to a Shelf Registration Statement. 

  
 18 

 6. General. 
 (a) No Inconsistent Agreements. The Company and the Guarantors represent, warrant and agree that (i) the rights granted to the Holders hereunder do not in any way conflict with and are not
inconsistent with the rights granted to the holders of any other outstanding securities issued or guaranteed by the Company or any Guarantor under any other agreement and (ii) neither the Company nor any Guarantor has entered into, or on or
after the date of this Agreement will enter into, any agreement that is inconsistent with the rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts with the provisions hereof. 

(b) Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Company and the Guarantors have obtained the written consent of Holders of at least a majority in aggregate principal amount of
the outstanding Registrable Securities affected by such amendment, modification, supplement, waiver or consent; provided that no amendment, modification, supplement, waiver or consent to any departure from the provisions of Section 5
hereof shall be effective as against any Holder of Registrable Securities consented to in writing by such Holder. Any amendments, modifications, supplements, waivers or consents pursuant to this Section 6(b) shall be by a writing executed by
each of the parties hereto. 
 (c) Notices. All notices and other communications provided for or permitted hereunder
shall be made in writing by hand-delivery, registered first-class mail, telecopier, or any courier guaranteeing overnight delivery (i) if to a Holder, at the most current address given by such Holder to the Company by means of a notice given in
accordance with the provisions of this Section 6(c), which address initially is, with respect to the Initial Purchasers, the address set forth in the Purchase Agreement; (ii) if to the Company and the Guarantors, initially at the
Company’s address set forth in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c); and (iii) to such other persons at their respective addresses
as provided in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c). All such notices and communications shall be deemed to have been duly given: at the
time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged, if telecopied; and on the next Business Day if timely delivered to an air courier
guaranteeing overnight delivery. Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee, at the address specified in the Indenture. 

  
 19 

 (d) Successors and Assigns. This Agreement shall inure to the benefit of and be
binding upon the successors, assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided that nothing herein shall be deemed to permit any
assignment, transfer or other disposition of Registrable Securities in violation of the terms of the Purchase Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable Securities in any manner, whether by operation of law
or otherwise, such Registrable Securities shall be held subject to all the terms of this Agreement, and by taking and holding such Registrable Securities such Person shall be conclusively deemed to have agreed to be bound by and to perform all of
the terms and provisions of this Agreement and such Person shall be entitled to receive the benefits hereof. The Initial Purchasers (in their capacity as Initial Purchasers) shall have no liability or obligation to the Company or the Guarantors with
respect to any failure by a Holder to comply with, or any breach by any Holder of, any of the obligations of such Holder under this Agreement. 
 (e) Third Party Beneficiaries. Each Holder shall be a third party beneficiary to the agreements made hereunder between the Company and the Guarantors, on the one hand, and the Initial Purchasers,
on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary or advisable to protect its rights or the rights of other Holders hereunder. 

(f) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 (g) Headings. The headings in this Agreement are for convenience of reference only, are not a part of this Agreement and shall not limit or otherwise affect the meaning hereof. 

(h) Governing Law. This Agreement, and any claim, controversy or dispute arising under or related to this Agreement, shall be
governed by and construed in accordance with the laws of the State of New York. 
 (i) Entire Agreement; Severability.
This Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes all oral statements and prior writings with respect thereto. If any term, provision, covenant or restriction contained in this
Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable or against public policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall remain in full force and effect and shall
in no way be affected, impaired or invalidated. The Company, the Guarantors and the Initial Purchasers shall endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with valid provisions the economic effect of
which comes as close as possible to that of the invalid, void or unenforceable provisions. 

  
 20 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above. 
  

							
		  		  	MURPHY OIL USA, INC.
				
		  		  	By	  	 /s/ John A. Moore

		  		  	Name:	  	John A. Moore
		  		  	Title:	  	 Senior Vice President, General
 Counsel and Secretary

			
		  		  	MURPHY USA INC.
				
		  		  	By	  	 /s/ John A. Moore

		  		  	Name:	  	John A. Moore
		  		  	Title:	  	 Senior Vice President, General
 Counsel and Secretary

			
		  		  	591 BEVERAGE, INC.
		  		  	864 HOLDINGS, INC.
		  		  	864 BEVERAGE, INC.
		  		  	MURPHY OIL TRADING COMPANY (EASTERN)
		  		  	SPUR OIL CORPORATION
		  		  	 SUPERIOR CRUDE TRADING
 COMPANY

				
		  		  	By	  	 /s/ John A. Moore

		  		  	Name:	  	John A. Moore
		  		  	Title:	  	Secretary

  
 21 

							
		  		  	Confirmed and accepted as of the date first above written:
			
		  		  	J.P. MORGAN SECURITIES LLC
			
		  		  	 For itself and on behalf of the
 several Initial Purchasers

				
		  		  	By	  	 /s/ Brian Tramontozzi

				
	 Authorized Signatory
	  		  		  	

  
 22 

 Schedule 1 
 Initial Guarantors 
  

	
	Murphy USA Inc.
	591 Beverage, Inc.
	864 Holdings, Inc.
	864 Beverage, Inc.
	Murphy Oil Trading Company (Eastern)
	Spur Oil Corporation
	Superior Crude Trading Company

  
 23 

 Annex A 
 Counterpart to Registration Rights Agreement 
 The undersigned hereby
absolutely, unconditionally and irrevocably agrees as a Guarantor (as defined in the Registration Rights Agreement, dated August 14, 2013 by and among Murphy Oil USA, Inc., a Delaware corporation, the guarantors party thereto and J.P. Morgan
Securities LLC, on behalf of itself and the other Initial Purchasers) to be bound by the terms and provisions of such Registration Rights Agreement. 
 IN WITNESS WHEREOF, the undersigned has executed this counterpart as of             , 201    . 

 

			
	 [GUARANTOR]

		
	 By
	 	  

	 Name:
	 	
	 Title:
	 	

  
 24EX-10.1

 Exhibit 10.1 

 
  

 
 MASTER AGREEMENT

  
  

by and among 

VIHI, LLC 
 HUAYU
AUTOMOTIVE SYSTEMS COMPANY LIMITED 
 YANFENG VISTEON AUTOMOTIVE TRIM SYSTEMS CO., LTD. 

and 
 YANFENG
VISTEON AUTOMOTIVE ELECTRONICS CO., LTD. 
 dated as of August 12, 2013 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	ARTICLE I	  
	DEFINITIONS	  
			
	1.01	 	 Definitions
	  	 	2	  
	1.02	 	 Other Definitional Provisions
	  	 	9	  
	
	ARTICLE II	  
	TRANSACTIONS	  
			
	2.01	 	 Transactions and Deliveries
	  	 	10	  
	2.02	 	 Execution and Delivery of Certain Transaction Documents
	  	 	21	  
	2.03	 	 Closing
	  	 	22	  
	
	ARTICLE III	  
	REPRESENTATIONS AND WARRANTIES	  
			
	3.01	 	 Representations and Warranties of Visteon
	  	 	22	  
	3.02	 	 Representations and Warranties of HASCO
	  	 	24	  
	3.03	 	 Representations and Warranties of YFV
	  	 	25	  
	
	ARTICLE IV	  
	SPECIAL DISTRIBUTIONS; ADDITIONAL AGREEMENTS	  
			
	4.01	 	 Distributions
	  	 	26	  
	4.02	 	 No Right to Other Earnings
	  	 	28	  
	4.03	 	 Jinqiao Distributions
	  	 	28	  
	4.04	 	 Further Assurances
	  	 	28	  
	4.05	 	 Approvals
	  	 	28	  
	4.06	 	 Liabilities of YFVE
	  	 	29	  
	4.07	 	 Agreements Related to Jinqiao, Tooling and Halol
	  	 	29	  
	4.08	 	 Conditions
	  	 	30	  
	4.09	 	 Payment of Transaction Expenses
	  	 	30	  
	4.10	 	 Cooperation Prior to or Following YFV Closing
	  	 	31	  
	4.11	 	 Bidding Cooperation and Qualifications
	  	 	31	  
	4.12	 	 Appraisals
	  	 	31	  
	4.13	 	 Obligation Not to Compete; Non-Solicitation.
	  	 	32	  
	4.14	 	 Use of Corporate Name of “VISTEON”.
	  	 	33	  
	4.15	 	 Dongfeng Visteon (Shiyan) Equity Transfer.
	  	 	33	  
	4.16	 	Restrictive Covenants of Seller in Each Closing (except YFVE Capital Increase Closing and the HoldCo Capital Contribution Closing, collectively the “Equity Transfer
Closings”)	  	 	33	  

  
 i 

							
	
	ARTICLE V	  
	CONDITIONS TO CLOSING	  
			
	5.01	 	 Conditions to All Closings
	  	 	34	  
	5.02	 	 Additional Condition to the HoldCo Capital Contribution Closing
	  	 	34	  
	5.03	 	 Additional Condition to the Toppower Closing (YFVE to YFV and Visteon to YFV)
	  	 	35	  
	5.04	 	 Additional Conditions to the Toppower Closing (YFVE to HoldCo)
	  	 	35	  
	5.05	 	 Additional Conditions to the YFVE Closing
	  	 	35	  
	5.06	 	 Additional Conditions to the Chang’an Closing
	  	 	35	  
	5.07	 	 Additional Conditions to the FAW Closing
	  	 	36	  
	5.08	 	 Additional Conditions to the Yidong Closing
	  	 	36	  
	5.09	 	 Additional Conditions to the Shaohong Closing
	  	 	36	  
	5.10	 	 Additional Conditions to the TechCo Closing
	  	 	37	  
	5.11	 	 Additional Conditions to the Jinqiao Closing
	  	 	37	  
	5.12	 	 Additional Conditions to the Tooling Closing
	  	 	37	  
	5.13	 	 Additional Condition to the Halol Closing
	  	 	37	  
	
	ARTICLE VI	  
	TERMINATION	  
			
	6.01	 	 Termination
	  	 	38	  
	6.02	 	 Effect of Termination
	  	 	38	  
	
	ARTICLE VII	  
	MISCELLANEOUS	  
			
	7.01	 	 Press Releases and Communications
	  	 	39	  
	7.02	 	 Prevailing Party
	  	 	39	  
	7.03	 	 Notices
	  	 	39	  
	7.04	 	 Assignment
	  	 	40	  
	7.05	 	 Confidentiality
	  	 	41	  
	7.06	 	 Severability
	  	 	41	  
	7.07	 	 No Strict Construction
	  	 	41	  
	7.08	 	 Amendment and Waiver
	  	 	41	  
	7.09	 	 Complete Agreement
	  	 	42	  
	7.10	 	 Counterparts
	  	 	42	  
	7.11	 	 Governing Law
	  	 	42	  
	7.12	 	 Dispute Resolution
	  	 	42	  
	7.13	 	 No Third Party Beneficiaries
	  	 	42	  
	7.14	 	 No Additional Representations; Disclaimer
	  	 	42	  
	7.15	 	 Conflict Between Transaction Document
	  	 	43	  
	7.16	 	 Specific Performance
	  	 	43	  
	7.17	 	 Language
	  	 	43	  

  
 ii 

 MASTER AGREEMENT 

This MASTER AGREEMENT (this “Agreement”) is made as of August 12, 2013, by and among VIHI, LLC, a Delaware limited
liability company having its place of business along with its management and control at Aszalvolgyi ut 9-11, 8000 Szekesfehervar, Hungary (“Visteon”), HUAYU Automotive Systems Company Limited (“HASCO”), Yanfeng
Visteon Automotive Trim Systems Co., Ltd. (“YFV” or “YF”) and Yanfeng Visteon Automotive Electronics Co., Ltd. (“YFVE”). Capitalized terms used and not otherwise defined herein have the meanings
given to them in Article I below. Unless otherwise indicated, all parties hereto are organized under the Laws of the PRC. 
 WHEREAS, a schedule illustrating HASCO’s and Visteon’s current respective interests in the outstanding equity of YFV, YFVE and Jiangsu Toppower Automotive Electronics Co., Ltd.
(“Toppower”) and certain of their direct and indirect Subsidiaries is attached as Schedule 1 hereto. 

WHEREAS, a schedule illustrating HASCO’s and Visteon’s agreed respective interests in the outstanding equity of YFV, YFVE and
Toppower and certain of their direct and indirect Subsidiaries following the transactions contemplated by this Agreement is attached as Schedule 2 hereto. 
 WHEREAS, Visteon currently owns 50% of the outstanding equity of YFV, and HASCO currently owns 50% of the outstanding equity of YFV, and HASCO desires to acquire from Visteon, and Visteon desires to sell
to HASCO, the 50% of the outstanding equity of YFV owned by Visteon. 
 WHEREAS, Visteon currently owns 40% of the
outstanding equity of YFVE, and YFV currently owns 60% of the outstanding equity of YFVE, and YFVE desires to issue to Visteon, and Visteon desires to subscribe for additional equity interests of YVFE such that, following such capital increase (the
“YFVE Capital Increase”), Visteon shall own 51% of the outstanding equity of YFVE, and YFV shall own 49% of the outstanding equity of YFVE. 
 WHEREAS, YFV and Visteon intend to form a Sino-foreign joint venture investment-oriented company with the proposed name of Yanfeng Visteon Electronics (China) Investment Co., Ltd.
(“HoldCo”) with each of YFV and Visteon owning 50% of the outstanding equity of HoldCo, and in connection with such formation to provide capital to HoldCo. 

WHEREAS, Visteon currently owns 29.092% of the outstanding equity of Toppower, YFVE currently owns 58.44% of the outstanding
equity of Toppower and Sky Captain Developments Limited (“Sky Captain”) currently owns 12.468% of the outstanding equity of Toppower and YFV desires to acquire (i) from Visteon, and Visteon desires to sell to YFV, the 29.092%
of the outstanding equity of Toppower owned by Visteon, (ii) from YFVE, and YFVE desires to sell to YFV, 9.44% of the outstanding equity of Toppower owned by YFVE and (iii) from Sky Captain, the 12.468% of the outstanding equity of
Toppower owned by Sky Captain, and the parties hereto desire to cause HoldCo to acquire from YFVE, and YFVE desires to sell to HoldCo, the 49% of the outstanding equity of Toppower owned by YFVE that YFVE did not sell to YFV. 

 WHEREAS, following completion of the YFVE Capital Increase, the parties hereto desire to
cause HoldCo to acquire from YFV, and YFV desires to sell to HoldCo, the 49% of the outstanding equity of YFVE owned by YFV. 

WHEREAS, YFVE currently owns 70% of the outstanding equity of Chongqing Xugang Electronics Co., Ltd.
(“Chang’an”), 65% of the outstanding equity of Changchun FAW Yanfeng Visteon Electronics Co., Ltd. (“FAW”), 81.85% of the outstanding equity of Yanfeng Betung Automotive Instrumentation Co., Ltd.
(“Yidong”), 81.85% of the outstanding equity of Zhejiang Shaohong Instrument Co., Ltd. (“Shaohong”) and 100% of the outstanding equity of Yanfeng Visteon Electronics Technology (Shanghai) Co., Ltd.
(“TechCo”), and YFVE desires to sell to HoldCo, and the parties hereto desire to cause HoldCo to acquire from YFVE, (i) the 70% of the outstanding equity of Chang’an owned by YFVE, (ii) the 65% of the outstanding
equity of FAW owned by YFVE, (iii) the 81.85% of the outstanding equity of Yidong owned by YFVE, (iv) the 81.85% of the outstanding equity of Shaohong owned by YFVE and (v) the 100% of the outstanding equity of TechCo owned by
YFVE. 
 WHEREAS, Visteon currently owns 12.5% of the outstanding equity of Yanfeng Visteon Jinqiao Automotive
Trim Systems Co., Ltd. (“Jinqiao”), 25% of the outstanding equity of Yanfeng Visteon Automotive Tooling Co., Ltd. (“Tooling”), and 50% of the outstanding equity of Yanfeng Visteon India Automotive Trim Systems Pvt.,
Ltd. (“Halol”), and YFV desires to acquire from Visteon, and Visteon desires to sell to YFV, (i) the 12.5% of the outstanding equity of Jinqiao owned by Visteon, (ii) the 25% of the outstanding equity of Tooling owned by
Visteon, and (iii) the 50% of the outstanding equity of Halol owned by Visteon. 
 NOW, THEREFORE, in consideration
of the promises, representations and warranties, mutual covenants and mutual agreements contained herein and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound,
the parties agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 1.01 Definitions. For purposes hereof, the following
terms, when used herein with initial capital letters, shall have the respective meanings set forth herein: 

“Affiliate” of any particular Person means any other Person controlling, controlled by or under common control
with such particular Person. For the purposes of this definition, “controlling,” “controlled” and “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person
whether through the ownership of voting securities, Contract or otherwise. 
 “Agreement” has the
meaning set forth in the preamble, including all Schedules hereto, as it may be amended from time to time in accordance with its terms. 

  
 2 

 “Ancillary Agreements” means each agreement or document that is a closing
delivery for any Closing under this Agreement and the agreements and documents referred to in Section 2.02. 

“Amended and Restated Joint Venture Contract of YFVE” has the meaning set forth in Section 2.01(b)(ii)(2).

 “Amended and Restated Joint Venture Contract of Toppower” has the meaning set forth in
Section 2.01(e)(ii)(2). 
 “Approvals” means any approval, consent, authorization, waiver, permit,
grant, franchise, concession, agreement, license, exemption or order of, registration, certificate, declaration or filing with, or report or notice to, any Person, including but not limited to any Governmental Authority. For the avoidance of doubt,
Approvals shall include the business license issued by the State Administration for Industry and Commerce or its local counterpart in respect of each Closing. 
 “Articles of Association of HoldCo” shall have the meaning set forth in Section 2.01(c)(i). 
 “Chang’an” has the meaning set forth in the recitals. 

“Chang’an Closing” has the meaning set forth in Section 2.01(g)(ii). 

“Chang’an Closing Date” has the meaning set forth in Section 2.03(a). 

“Chang’an Purchase Price (HoldCo to YFVE)” has the meaning set forth in Section 2.01(g)(i). 

“Closing” has the meaning set forth in Section 2.03(a). 

“Closing Date” has the meaning set forth in Section 2.03(a). 

“Closing Party” means, with respect to any Closing, a party hereto that is participating in such Closing, whether by
purchasing equity, selling or issuing equity, making a capital contribution or receiving a capital contribution. 

“Competition/Investment Law” means any Law that is designed or intended to prohibit, restrict or regulate
(a) foreign investment or (b) antitrust, monopolization, restraint of trade or competition, including the PRC Anti-Monopoly Law and Regulations. 
 “Contract” means any loan or credit agreement, bond, debenture, note, mortgage, indenture, lease, sublease, supply agreement, license agreement, development agreement or other contract,
agreement, obligation, commitment or instrument, including all amendments thereto. 
 “Debt Payment Trigger
Date” has the meaning set forth in Section 4.06. 
 “Dongfeng Visteon (Shiyan)” has the
meaning set forth in Section 4.14. 

  
 3 

 “Equity Transfer Closings” has the meaning set forth in Section
4.16. 
 “FAW” has the meaning set forth in the recitals. 

“FAW Closing” has the meaning set forth in Section 2.01(h)(ii). 

“FAW Closing Date” has the meaning set forth in Section 2.03(a). 

“FAW Purchase Price (HoldCo to YFVE)” has the meaning set forth in Section 2.01(h)(i). 

“Given Month” has the meaning set forth in Section 4.01(c). 

“Governmental Authority” means any federal, state, local, municipal, foreign, governmental tax, governmental revenue or
other governmental or quasi-governmental authority or any department, agency, commission, board, subdivision, bureau, agency, instrumentality, court or other tribunal of any of the foregoing. 

“Halol” has the meaning set forth in the recitals. 

“Halol Closing” has the meaning set forth in Section 2.01(n)(ii). 

“Halol Closing Date” has the meaning set forth in Section 2.03(a). 

“Halol Purchase Price (YFV to Visteon)” has the meaning set forth in Section 2.01(n)(i). 

“HASCO” has the meaning set forth in the preamble. 

“HoldCo” has the meaning set forth in the recitals. 

“HoldCo Capital Contribution Closing” has the meaning set forth in Section 2.01(c)(ii). 

“HoldCo Capital Contribution Closing Date” has the meaning set forth in Section 2.01(c)(ii). 

“HoldCo Debt Financing” has the meaning set forth in Section 2.01(c)(ii). 

“Interim Period for Use” has the meaning set forth in Section 4.14. 

“Issued YFVE Equity” has the meaning set forth Section 2.01(b)(i). 

“Jinqiao” has the meaning set forth in the recitals. 

“Jinqiao Closing” has the meaning set forth in Section 2.01(l)(ii). 

“Jinqiao Closing Date” has the meaning set forth in Section 2.03(a). 

  
 4 

 “Jinqiao Purchase Price (YFV to Visteon)” has the meaning set forth in
Section 2.01(l)(i). 
 “Joint Venture Contract of HoldCo” shall have the meaning set forth in
Section 2.01(c)(i). 
 “Law” means any transnational, domestic or foreign federal, state or local
statute, law, ordinance, regulation, rule, code, order or other requirement or rule of law, including the common law, and any rules and regulations of any self-regulatory organization (including stock exchange) applicable to the parties hereto or
the transactions contemplated hereby. 
 “Liabilities” means any debt, liability, claim, demand, expense,
commitment or obligation (whether direct or indirect, absolute or contingent, known or unknown, determined or determinable, accrued or unaccrued, liquidated or unliquidated, or due or to become due) of every kind and description and including all
costs and expenses related thereto. 
 “Liens” means any lien, mortgage, security interest, pledge deposit,
encumbrance, or other similar restriction, other than any restrictions on transfer under applicable securities Laws. 

“MOFCOM” shall mean the Ministry of Commerce of the PRC or its local counterparts of competent jurisdiction in the PRC.

 “Other Closing Parties” means, with respect to any Closing, the parties hereto other than the Closing Party
that are participating in such Closing, whether by purchasing equity, selling or issuing equity, making a capital contribution or receiving a capital contribution. 
 “Person” means any individual, partnership, corporation, limited liability company, association, joint stock company, trust, joint venture, unincorporated organization or governmental
entity or any department, agency or political subdivision thereof. 
 “PRC” means the People’s Republic of
China, excluding (i) the Special Administrative Regions of Hong Kong and Macau, and (ii) Taiwan. 
 “PRC
Anti-Monopoly Law and Regulations” means the PRC Anti-Monopoly Law, which became effective on August 1, 2008, and the related rules, regulations and guidelines issued by various PRC Governmental Authority, including but not limited to
the Measures for Declaration of Concentration of Business Operators and the Provisions of Declaration Standards of Concentration of Business Operators. 
 “Restricted Period” has the meaning set forth in Section 4.13(a). 
 “SAFE” means the PRC State Administration for Foreign Exchange. 

“Shaohong” has the meaning set forth in the recitals. 

“Shaohong Closing” has the meaning set forth in Section 2.01(j)(ii). 

  
 5 

 “Shaohong Closing Date” has the meaning set forth in
Section 2.03(a). 
 “Shaohong Purchase Price (HoldCo to YFVE)” has the meaning set forth in
Section 2.01(j)(i). 
 “SIAC” has the meaning set forth in Section 7.12. 

“SIAC Rules” has the meaning set forth in Section 7.12. 

“Sky Captain” has the meaning set forth in the recitals. 

“Subsequent Transferred Equity” has the meaning set forth in Section 4.09(b). 

“Subsidiary” means, with respect to any Person, any corporation, partnership, association or other business entity of
which (a) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or
controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (b) if a partnership, association or other business entity, a majority of the partnership or other similar
ownership interests thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority
ownership interest in a partnership, association or other business entity if such Person or Persons shall be allocated a majority of partnership, association or other business entity gains or losses or shall be or control the managing director,
managing member, general partner or other managing Person of such partnership, association or other business entity. 

“Target Company” shall have the meaning set forth in Section 4.16(b)(i). 

“Tax” or “Taxes” means any federal, state, local or foreign income, local levies or surcharges, gross
receipts, capital stock, franchise, profits, withholding, social security, unemployment, disability, real property, ad valorem/personal property, stamp, excise, occupation, sales, use, transfer, value added, alternative minimum, estimated or other
tax, including any interest, penalty or addition thereto. 
 “TechCo” has the meaning set forth in the
preamble. 
 “TechCo Closing” has the meaning set forth in Section 2.01(k)(ii). 

“TechCo Closing Date” has the meaning set forth in Section 2.03(a). 

“TechCo Purchase Price (HoldCo to YFVE)” has the meaning set forth in Section 2.01(k)(i). 

“Third Party” means any Person that is neither a party to this Agreement nor an Affiliate of any party to this
Agreement. 
 “Tooling” has the meaning set forth in the recitals. 

  
 6 

 ‘Tooling Closing” has the meaning set forth in
Section 2.01(m)(ii). 
 “Tooling Closing Date” has the meaning set forth in
Section 2.03(a). 
 “Tooling Purchase Price (YFV to Visteon)” has the meaning set forth in
Section 2.01(m)(i). 
 “Toppower” has the meaning set forth in the recitals. 

“Toppower Closing (YFVE to YFV and Visteon to YFV)” has the meaning set forth in Section 2.01(d)(iii).

 “Toppower Closing (YFVE to HoldCo)” has the meaning set forth in Section 2.01(e)(ii). 

“Toppower Closing Date (YFVE to YFV and Visteon to YFV)” has the meaning set forth in Section 2.03(a).

 “Toppower Closing Date (YFVE to HoldCo)” has the meaning set forth in Section 2.03(a).

 “Toppower Purchase Price (HoldCo to YFVE)” has the meaning set forth in Section 2.01(e)(i).

 “Toppower Purchase Price (YFV to Visteon)” has the meaning set forth in Section 2.01(d)(ii).

 “Toppower Purchase Price (YFV to YFVE)” has the meaning set forth in Section 2.01(d)(i).

 “Transferred Chang’an Equity (YFVE to HoldCo)” has the meaning set forth in
Section 2.01(g)(i). 
 “Transferred FAW Equity (YFVE to HoldCo)” has the meaning set forth in
Section 2.01(h)(i). 
 “Transferred Halol Equity (Visteon to YFV)” has the meaning set forth in
Section 2.01(n)(i). 
 “Transferred Jinqiao Equity (Visteon to YFV)” has the meaning set forth in
Section 2.01(l)(i). 
 “Transferred Shaohong Equity (YFVE to HoldCo)” has the meaning set forth in
Section 2.01(j)(i). 
 “Transferred TechCo Equity (YFVE to HoldCo)” has the meaning set forth in
Section 2.01(k)(i). 

  
 7 

 “Transferred Tooling Equity (Visteon to YFV)” has the meaning set forth in
Section 2.01(m)(i). 
 “Transferred Toppower Equity (Visteon to YFV)” has the meaning set forth in
Section 2.01(d)(ii). 
 “Transferred Toppower Equity (YFVE to HoldCo)” has the meaning set forth in
Section 2.01(e)(i). 
 “Transferred Toppower Equity (YFVE to YFV)” has the meaning set forth in
Section 2.01(d)(i). 
 “Transferred YFVE Equity (YFV to HoldCo)” has the meaning set forth in
Section 2.01(f)(i). 
 “Transferred YFV Equity (Visteon to HASCO)” has the meaning set forth in
Section 2.01(a)(i). 
 “Transferred Yidong Equity (YFVE to HoldCo)” has the meaning set forth in
Section 2.01(i)(i). 
 “Visteon” has the meaning set forth in the preamble. 

“YFV” has the meaning set forth in the preamble. 

“YFV Closing” has the meaning set forth in Section 2.01(a)(i). 

“YFV Closing Date” has the meaning set forth in Section 2.03(a). 

“YFV Purchase Price (HASCO to Visteon)” has the meaning set forth in Section 2.01(a)(i). 

“YFV Tax Payment Date” means the date on which HASCO pays the withholding Taxes for the YFV Purchase Price (HASCO to
Visteon). 
 “YFVE” has the meaning set forth in the preamble. 

“YFVE Capital Increase” has the meaning set forth in the recitals. 

“YFVE Capital Increase Closing” has the meaning set forth in Section 2.01(b)(ii). 

“YFVE Capital Increase Closing Date” has the meaning set forth in Section 2.03(a). 

“YFVE Capital Injection Amount” has the meaning set forth in Section 2.01(b)(i). 

“YFVE Closing” has the meaning set forth in Section 2.01(f)(ii). 

  
 8 

 “YFVE Closing Date” has the meaning set forth in
Section 2.03(a). 
 “YFVE Purchase Price (HoldCo to YFV)” has the meaning set forth in
Section 2.01(f)(i). 
 “Yidong” has the meaning set forth in the recitals. 

“Yidong Closing” has the meaning set forth in Section 2.01(i)(ii). 

“Yidong Closing Date” has the meaning set forth in Section 2.03(a). 

“Yidong Purchase Price (HoldCo to YFVE)” has the meaning set forth in Section 2.01(i)(i). 

1.02 Other Definitional Provisions. (a) All references in this Agreement to Exhibits, Schedules, Articles, Sections,
subsections and other subdivisions refer to the corresponding Exhibits, Schedules, Articles, Sections, subsections and other subdivisions of or to this Agreement unless expressly provided otherwise. Titles appearing at the beginning of any Articles,
Sections, subsections or other subdivisions of this Agreement are for convenience only, do not constitute any part of this Agreement and shall be disregarded in construing the language hereof. 

(b) Exhibits and Schedules to this Agreement are attached hereto and by this reference incorporated herein for all purposes. 

(c) The words “this Agreement”, “herein,” “hereby,” “hereunder” and “hereof,” and words
of similar import, refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The words “this Article,” “this Section” and “this subsection,” and words of similar import, refer
only to the Article, Section or subsection hereof in which such words occur. The word “or” is exclusive, and the word “including” (in its various forms) means including without limitation. 

(d) All references to “equity” shall include any and all options, warrants or other securities convertible into, exchangeable
or exercisable for equity. 
 (e) All references to “US$” and US dollars shall be deemed to refer to United States
currency unless otherwise specifically provided. 
 (f) All references to RMB shall be deemed to refer to PRC currency.

 (g) Pronouns in masculine, feminine or neuter genders shall be construed to state and include any other gender, and words,
terms and titles (including terms defined herein) in the singular form shall be construed to include the plural and vice versa, unless the context otherwise requires. 
 (h) The steps described in the Schedules to this Agreement are indicative only and shall be adjusted according to the latest Laws and practice then prevailing. 

  
 9 

 ARTICLE II 
 TRANSACTIONS 
 2.01 Transactions and Deliveries. Upon the terms and
subject to satisfaction of the conditions set forth in this Agreement (unless waived in writing by the relevant parties to the specific transaction), each of the parties agrees to undertake and complete the following transactions on the applicable
Closing Date. 
 (a) YFV Equity Sale and Transfer; Deliveries. 

(i) YFV Sale and Transfer. Visteon shall sell and transfer to HASCO, and HASCO shall purchase and accept from
Visteon, 50% of the outstanding equity of YFV (the “Transferred YFV Equity (Visteon to HASCO)”) for total consideration of US$928.4 million (the “YFV Purchase Price (HASCO to Visteon)”), payable in cash immediately
upon YFV Closing, free and clear of all Liens and with all rights attaching from the YFV Closing. The resulting corporate structure of YFV following the consummation of the sale and transfer of the Transferred YFV Equity (Visteon to HASCO) is
illustrated in Schedule: YFV Structure attached hereto. Schedule: YFV Steps attached hereto contains a list of steps for the consummation of the sale and transfer of the Transferred YFV Equity (Visteon to HASCO) and identifies required
Approvals related thereto. 
 (ii) Deliveries. At or prior to the closing of the transaction described in
Section 2.01(a)(i) (the “YFV Closing”): 
 (1) HASCO and Visteon shall each deliver
to each other the short-form purchase agreement for the Transferred YFV Equity (Visteon to HASCO) in the form attached hereto as Exhibit A duly executed by the party making such delivery; and 

(2) HASCO shall pay the withholding Taxes for the YFV Purchase Price (HASCO to Visteon) and initiate the process to
obtain SAFE clearence for the payment of the YFV Purchase Price (HASCO to Visteon). 
 (iii) Payment of YFV
Purchase Price (HASCO to Visteon). 
 HASCO shall, or shall cause its applicable Affiliates to, deliver to Visteon, the YFV
Purchase Price (HASCO to Visteon) (after deduction of withholding Tax paid for the YFV Purchase Price (HASCO to Visteon)) by wire transfer in immediately available funds to an account or accounts designated in writing by Visteon not fewer than three
(3) business days prior to the YFV Closing. HASCO shall submit the application for remittance of the YFV Purchase Price (HASCO to Visteon) to the local counterpart of SAFE and the remitting bank immediately after it receives evidence of Tax
payment of the YFV Purchase Price (HASCO to Visteon) from the competent Governmental Authorities. 

  
 10 

 (b) YFVE Capital Increase; Deliveries. 

(i) YFVE Capital Increase. YFVE shall issue to Visteon, and Visteon shall subscribe for, purchase and accept from
YFVE, additional equity interests in YFVE for total consideration of US$58.30 million (the “YFVE Capital Injection Amount”), payable in cash within three (3) business days after (i) obtaining the MOFCOM approval for the
consummation of the YFVE Capital Increase Closing and (ii) after YFVE’s capital account has been opened or updated (which shall be completed as soon as practicable after obtaining the MOFCOM approval), free and clear of all Liens and with
all rights attaching from the YFVE Capital Increase Closing, such that immediately following such capital increase, Visteon shall own 51% of the outstanding equity of YFVE, and YFV shall own 49% of the outstanding equity in YFVE (the amount of
equity issued, the “Issued YFVE Equity”). The resulting corporate structure of YFVE following the consummation of the issuance and subscription of the Issued YFVE Equity is illustrated in Schedule: YFVE Capital Increase
Structure attached hereto. Schedule: YFVE Capital Increase Steps attached hereto contains a list of steps for the consummation of the sale and transfer of the Issued YFVE Equity and identifies required Approvals related thereto.

 (ii) Deliveries. At or prior to the closing of the transaction described in
Section 2.01(b)(i) (the “YFVE Capital Increase Closing”): 
 (1) YFVE and Visteon
shall each deliver, or cause their respective Affiliates to deliver, to each other the capital increase agreement for the Issued YFVE Equity in the form attached hereto as Exhibit B. 

(2) YFV and Visteon shall each deliver, or cause their respective Affiliates to deliver, to each other the amended and
restated joint venture contract of YFVE in the form attached hereto as Exhibit C (the “Amended and Restated Joint Venture Contract of YFVE”) duly executed by the party making such delivery or its Affiliates. 

(3) YFV and Visteon shall each deliver, or cause their respective Affiliates to deliver, to each other the amended and
restated articles of association of YFVE, in a form consistent with Amended and Restated Joint Venture Contract of YFVE, duly executed by the party making such delivery or its Affiliates. 

(4) Visteon shall, or shall cause its applicable Affiliates to, deliver to YFVE the YFVE Capital Injection Amount by wire
transfer in immediately available funds to an account or accounts designated in writing by YFVE within three (3) business days after obtaining the MOFCOM Approval for the consummation of the YFVE Capital Increase Closing. 

(5) YFVE shall, or shall cause its applicable Affiliates to, deliver to Visteon, an updated register of shareholders
representing Visteon’s ownership of the Issued YFVE Equity. 

  
 11 

 (c) HoldCo Formation; Capitalization. 

(i) Formation. As soon as practicable following the date hereof, YFV and Visteon shall cause HoldCo to be formed as
a limited liability company and a Sino-foreign joint venture investment-oriented company under the Laws of the PRC by (i) reserving the name Yanfeng Visteon Electronics (China) Investment Co., Ltd. (or, if the same is not permitted, any similar
alternative name mutually acceptable to HASCO and Visteon) with the appropriate Governmental Authorities, (ii) obtaining the MOFCOM Approval for the formation of HoldCo, (iii) after obtaining MOFCOM Approval for the formation of HoldCo,
filing the joint venture contract of HoldCo in the form attached hereto as Exhibit D (the “Joint Venture Contract of HoldCo”), the articles of association of HoldCo in a form consistent with the Joint Venture Contract of
HoldCo (the “Articles of Association of HoldCo”), and other required application documents with the appropriate Governmental Authorities, and (iv) taking whatever other actions may be necessary to form HoldCo as a limited
liability company and a Sino-foreign joint venture investment-oriented company under the Laws of the PRC. The Articles of Association of HoldCo and the Joint Venture Contract of HoldCo shall be the articles of association of HoldCo and the joint
venture contract of HoldCo, respectively, until amended in accordance with the terms thereof. Schedule: HoldCo Formation Steps attached hereto contains a list of steps for the formation of HoldCo and identifies required Approvals related
thereto. 
 (ii) Capitalization. On a date no later than twenty (20) days following the formation of
HoldCo (the “HoldCo Capital Contribution Closing Date”), (A) YFV shall contribute RMB294.80 million (approximately US$47.6 million) to HoldCo, payable in cash immediately upon the HoldCo Capital Contribution Closing Date, free
and clear of all Liens and with all rights attaching from the HoldCo Capital Contribution Closing Date and (B) Visteon shall contribute RMB294.80 million (or equivalent in U.S. dollars, approximately US$47.6 million) to HoldCo, payable in cash
immediately upon the HoldCo Capital Contribution Closing Date, free and clear of all Liens and with all rights attaching from the HoldCo Capital Contribution Closing Date (the actions in the preceding clauses (i) and (ii), the “HoldCo
Capital Contribution Closing”). Schedule: HoldCo Capital Contributions Steps attached hereto contains a list of steps for the capital contributions described in the foregoing sentence and identifies required Approvals related
thereto. On or before the YFVE Closing Date, either (x) HoldCo shall obtain third-party debt financing on terms acceptable to both YFV and Visteon in the amount of no less than US$100 million, or (y) if HoldCo is not able to obtain such
third-party debt by the YFVE Closing Date after using commercially reasonable efforts, YFV shall provide a shareholder loan to HoldCo in the amount of US$50 million (or equivalent RMB), and Visteon shall provide guarantee for HoldCo to obtain a loan
in the amount of US$50 million (or equivalent RMB) (either of actions in the preceding clause (x) or (y), the “HoldCo Debt Financing”). If YFV provides a shareholder loan to HoldCo and Visteon provides a guarantee for HoldCo to
obtain a loan as contemplated by clause (y) of the preceding sentence, as soon as commercially 

  
 12 

 
practicable following the YFVE Closing Date, HoldCo shall use commercially reasonable efforts to obtain third-party debt financing on terms acceptable to both YFV and Visteon and, upon obtaining
such financing, HoldCo shall apply the proceeds of such financing to (A) the repayment of the loans provided by YFV and (B) the release of the guarantees provided by Visteon, in the same amount and at the same time. Notwithstanding the
foregoing, if the proceeds of the HoldCo Debt Financing cannot be used to acquire the Transferred YFVE Equity (YFV to HoldCo), the Transferred Chang’an Equity (YFVE to HoldCo), the Transferred FAW Equity (YFVE to HoldCo), the Transferred Yidong
Equity (YFVE to HoldCo), the Transferred Shanhong Equity (YFVE to HoldCo) or the Transferred TechCo Equity (YFVE to HoldCo) due to regulatory restrictions, YFV and Visteon shall explore other alternatives other than a capital contribution to raise
US$100 million that can be used to make such acquisitions and, failing an acceptable alternative, YFV and Visteon shall make further capital contributions of no less than US$100 million to HoldCo in proportion to their respective equity ratios in
HoldCo for the purpose of enabling HoldCo to make such acquisitions. 
 (d) Toppower Equity Sales and Transfers (YFVE to YFV
and Visteon to YFV); Deliveries. 
 (i) Toppower Equity Sale and Transfer (YFVE to YFV). YFVE shall
sell and transfer to YFV, and YFV shall purchase and accept from YFVE, 9.44% of the outstanding equity of Toppower (the “Transferred Toppower Equity (YFVE to YFV)”) for total consideration of RMB21.0 million (the “Toppower
Purchase Price (YFV to YFVE)”), payable in cash immediately upon the Toppower Closing (YFVE to YFV and Visteon to YFV), free and clear of all Liens and with all rights attaching from the Toppower Closing (YFVE to YFV and Visteon to YFV).
Schedule: Toppower Steps (YFVE to YFV) attached hereto contains a list of steps for the consummation of the sale and transfer of the Transferred Toppower Equity (YFVE to YFV) and identifies required Approvals related thereto. YFVE and YFV
shall seek MOFCOM approval after completion of the public bidding procedure with respect to the Transferred Toppower Equity (YFVE to YFV). 
 (ii) Toppower Sale and Transfer (Visteon to YFV). Visteon shall sell and transfer to YFV, and YFV shall purchase and accept from Visteon, 29.092% of the outstanding equity of Toppower (the
“Transferred Toppower Equity (Visteon to YFV)”) for total consideration of US$10.4 million (the “Toppower Purchase Price (YFV to Visteon)”), payable in cash immediately upon the Toppower Closing (YFVE to YFV and
Visteon to YFV), free and clear of all Liens and with all rights attaching from the Toppower Closing (YFVE to YFV and Visteon to YFV). The resulting corporate structure of Toppower following the consummation of the sale and transfer of the
Transferred Toppower Equity (YFVE to YFV) and the sale and transfer of the Transferred Toppower Equity (Visteon to YFV) is illustrated in Schedule: Toppower Structure (YFVE to YFV and Visteon to YFV) attached hereto. Schedule: Toppower
Steps (Visteon to YFV) attached hereto contains a list of 

  
 13 

 
steps for the consummation of the sale and transfer of the Transferred Toppower Equity (Visteon to YFV) and identifies required Approvals related thereto. Visteon and YFV shall seek MOFCOM
approval after completion of the public bidding procedure with respect to the Transferred Toppower Equity (YFVE to YFV). 
 (iii) Deliveries. At or prior to the closing of the transactions described in Sections 2.01(d)(i) and Section 2.01(d)(i) (the “Toppower Closing (YFVE to YFV and Visteon
to YFV)”): 
 (1) YFVE, Visteon and YFV shall each deliver, or cause their respective Affiliates to
deliver, to each other the short-form purchase agreement for the Transferred Toppower Equity (YFVE to YFV and Visteon to YFV) in the form attached hereto as Exhibit E duly executed by the party making such delivery or its Affiliates.

 (2) YFV shall, or shall cause its applicable Affiliates to, deliver to YFVE, the Toppower Purchase Price (YFV
to YFVE) by wire transfer in immediately available funds to an account or accounts designated in writing by YFVE not fewer than three (3) business days prior to the Toppower Closing Date (YFVE to YFV and Visteon to YFV). 

(3) YFV shall, or shall cause its applicable Affiliates to, deliver to Visteon, the Toppower Purchase Price (YFV to
Visteon) by wire transfer in immediately available funds to an account or accounts designated in writing by Visteon not fewer than three (3) business days prior to the Toppower Closing Date (YFVE to YFV and Visteon to YFV). 

(e) Toppower Equity Sale and Transfer (YFVE to HoldCo); Deliveries. 

(i) Toppower Equity Sale and Transfer (YFVE to HoldCo). YFVE shall sell and transfer to HoldCo, and HoldCo shall
purchase and accept from YFVE, 49% of the outstanding equity of Toppower (the “Transferred Toppower Equity (YFVE to HoldCo)”) for total consideration of RMB108.9 million (the “Toppower Purchase Price (HoldCo to
YFVE)”), payable in cash immediately upon the Toppower Closing (YFVE to HoldCo), free and clear of all Liens and with all rights attaching from the Toppower Closing (YFVE to HoldCo). The resulting corporate structure of Toppower following
the consummation of the sale and transfer of the Transferred Toppower Equity (YFVE to HoldCo) is illustrated in Schedule: Toppower Structure (YFVE to HoldCo) attached hereto. Schedule: Toppower Steps (YFVE to HoldCo) attached hereto
contains a list of steps for the consummation of the sale and transfer of the Transferred Toppower Equity (YFVE to HoldCo) and identifies required Approvals related thereto. Visteon and YFVE acknowledge and agree that Sky Captain may sell and
transfer to YFV, and YFV may purchase and accept from Sky Captain, 12.468% of the outstanding equity of Toppower. 

  
 14 

 (ii) Deliveries. At or prior to the closing of the transaction
described in Section 2.01(e)(i) (the “Toppower Closing (YFVE to HoldCo)”): 
 (1)
YFVE and HoldCo shall each deliver, or cause their respective Affiliates to deliver, to each other the short-form purchase agreement for the Transferred Toppower Equity (YFVE to HoldCo) in the form attached hereto as Exhibit F duly executed
by the party making such delivery or its Affiliates. 
 (2) HoldCo and YFV shall each deliver, or cause their
respective Affiliates to deliver, to each other the amended and restated joint venture contract of Toppower in the form attached hereto as Exhibit G (the “Amended and Restated Joint Venture Contract of Toppower”) duly
executed by the party making such delivery or its Affiliates. 
 (3) HoldCo and YFV shall each deliver, or cause
their respective Affiliates to deliver, to each other the amended and restated articles of association of Toppower, in a form consistent with Amended and Restated Joint Venture Contract of Toppower, duly executed by the party making such delivery or
its Affiliates. 
 (4) HoldCo shall, or shall cause its applicable Affiliates to, deliver to YFVE, the Toppower
Purchase Price (HoldCo to YFVE) by wire transfer in immediately available funds to an account or accounts designated in writing by YFVE not fewer than three (3) business days prior to the Toppower Closing Date (YFVE to HoldCo). 

(f) YFVE Equity Sale and Transfer; Deliveries. 

(i) YFVE Equity Sale and Transfer. Immediately after the YFVE Capital Increase Closing and the declaration of YFVE
dividends referred to in Section 4.01(d) of this Agreement, YFV shall sell and transfer to HoldCo, and HoldCo shall purchase and accept from YFV, 49% of the outstanding equity of YFVE (the “Transferred YFVE Equity (YFV to
HoldCo)”) for total consideration of RMB796.9 million (the “YFVE Purchase Price (HoldCo to YFV)”), payable in cash immediately upon the YFVE Closing, free and clear of all Liens and with all rights attaching from the YFVE
Closing. The resulting corporate structure of YFVE following the consummation of the sale and transfer of the Transferred YFVE Equity (YFV to HoldCo) is illustrated in Schedule: YFVE Equity Sale Structure attached hereto. Schedule: YFVE
Equity Sale Steps attached hereto contains a list of steps for the consummation of the sale and transfer of the Transferred YFVE Equity (YFV to HoldCo) and identifies required Approvals related thereto. 

  
 15 

 (ii) Deliveries. At or prior to the closing of the transaction
described in Section 2.01(f)(i) (the “YFVE Closing”): 
 (1) YFV and HoldCo shall
each deliver, or cause their respective Affiliates to deliver, to each other the short-form purchase agreement for the Transferred YFVE Equity (YFV to HoldCo) in the form attached hereto as Exhibit H duly executed by the party making
such delivery or its Affiliates. 
 (2) HoldCo shall, or shall cause its applicable Affiliates to, deliver to
YFV, the YFVE Purchase Price (HoldCo to YFV) by wire transfer in immediately available funds to an account or accounts designated in writing by YFV not fewer than three (3) business days prior to the YFVE Closing Date. 

(g) Chang’an Equity Sale and Transfer; Deliveries. 

(i) Chang’an Equity Sale and Transfer. YFVE shall sell and transfer to HoldCo, and HoldCo shall purchase and
accept from YFVE, 70% of the outstanding equity of Chang’an (the “Transferred Chang’an Equity (YFVE to HoldCo)”) for total consideration of RMB47.6 million (the “Chang’an Purchase Price (HoldCo to
YFVE)”), payable in cash immediately upon the Chang’an Closing, free and clear of all Liens and with all rights attaching from the Chang’an Closing. The resulting corporate structure of Chang’an following the consummation of
the sale and transfer of the Transferred Chang’an Equity (YFVE to HoldCo) is illustrated in Schedule: Chang’an Structure attached hereto. Schedule: Chang’an Steps attached hereto contains a list of steps for the
consummation of the sale and transfer of the Transferred Chang’an Equity (YFVE to HoldCo) and identifies required Approvals related thereto. 
 (ii) Deliveries. At or prior to the closing of the transaction described in Section 2.01(g)(i) (the “Chang’an Closing”): 

(1) YFVE and HoldCo shall each deliver, or cause their respective Affiliates to deliver, to each other the short-form
purchase agreement for the Transferred Chang’an Equity (YFVE to HoldCo) in the form attached hereto as Exhibit I duly executed by the party making such delivery or its Affiliates. 

(2) HoldCo shall, or shall cause its applicable Affiliates to, deliver to YFVE, the Chang’an Purchase Price (HoldCo
to YFVE) by wire transfer in immediately available funds to an account or accounts designated in writing by YFVE not fewer than three (3) business days prior to the Chang’an Closing Date. 

(h) FAW Equity Sale and Transfer; Deliveries. 

(i) FAW Equity Sale and Transfer. YFVE shall sell and transfer to HoldCo, and HoldCo shall purchase and accept from
YFVE, 65% of 

  
 16 

 
the outstanding equity of FAW (the “Transferred FAW Equity (YFVE to HoldCo)”) for total consideration of RMB100 (the “FAW Purchase Price (HoldCo to YFVE)”),
payable in cash immediately upon the FAW Closing, free and clear of all Liens and with all rights attaching from the FAW Closing. The resulting corporate structure of FAW following the consummation of the sale and transfer of the Transferred FAW
Equity (YFVE to HoldCo) is illustrated in Schedule: FAW Structure attached hereto. Schedule: FAW Steps attached hereto contains a list of steps for the consummation of the sale and transfer of the Transferred FAW Equity (YFVE to
HoldCo) and identifies required Approvals related thereto. 
 (ii) Deliveries. At or prior to the closing
of the transaction described in Section 2.01(h)(i) (the “FAW Closing”): 
 (1) YFVE
and HoldCo shall each deliver, or cause their respective Affiliates to deliver, to each other the short-form purchase agreement for the Transferred FAW Equity (YFVE to HoldCo) in the form attached hereto as Exhibit J duly executed by the
party making such delivery or its Affiliates. 
 (2) HoldCo shall, or shall cause its applicable Affiliates to,
deliver to YFVE, the FAW Purchase Price (HoldCo to YFVE) by wire transfer in immediately available funds to an account or accounts designated in writing by YFVE not fewer than three (3) business days prior to the FAW Closing Date. 

(i) Yidong Equity Sale and Transfer; Deliveries. 

(i) Yidong Equity Sale and Transfer. YFVE shall sell and transfer to HoldCo, and HoldCo shall purchase and accept
from YFVE, 81.85% of the outstanding equity of Yidong (the “Transferred Yidong Equity (YFVE to HoldCo)”) for total consideration of RMB10.6 million (the “Yidong Purchase Price (HoldCo to YFVE)”), payable in cash
immediately upon the Yidong Closing, free and clear of all Liens and with all rights attaching from the Yidong Closing. The resulting corporate structure of Yidong following the consummation of the sale and transfer of the Transferred Yidong Equity
(YFVE to HoldCo) is illustrated in Schedule: Yidong Structure attached hereto. Schedule: Yidong Steps attached hereto contains a list of steps for the consummation of the sale and transfer of the Transferred FAW Equity (YFVE to HoldCo)
and identifies required Approvals related thereto. 
 (ii) Deliveries. At or prior to the closing of the
transaction described in Section 2.01(i)(i) (the “Yidong Closing”): 
 (1) YFVE and
HoldCo shall each deliver, or cause their respective Affiliates to deliver, to each other the short-form purchase agreement for the Transferred Yidong Equity (YFVE to HoldCo) in the form attached hereto as Exhibit K duly executed by the
party making such delivery or its Affiliates. 

  
 17 

 (2) HoldCo shall, or shall cause its applicable Affiliates to, deliver to
YFVE, the Yidong Purchase Price (HoldCo to YFVE) by wire transfer in immediately available funds to an account or accounts designated in writing by YFVE not fewer than three (3) business days prior to the Yidong Closing Date. 

(j) Shaohong Equity Sale and Transfer; Deliveries. 

(i) Shaohong Equity Sale and Transfer. Unless the Board of Directors of YFVE decides by unanimous approval before
December 31, 2014 that the Transferred Shaohong Equity (YFVE to HoldCo) be transferred to a third party, YFVE shall sell and transfer to HoldCo, and HoldCo shall purchase and accept from YFVE, 81.85% of the outstanding equity of Shaohong (the
“Transferred Shaohong Equity (YFVE to HoldCo)”) for total consideration of RMB13.9 million (the “Shaohong Purchase Price (HoldCo to YFVE)”), payable in cash immediately upon the Shaohong Closing, free and clear of
all Liens and with all rights attaching from the Shaohong Closing. The resulting corporate structure of Shaohong following the consummation of the sale and transfer of the Transferred Shaohong Equity (YFVE to HoldCo) is illustrated in Schedule:
Shaohong Structure attached hereto. Schedule: Shaohong Steps attached hereto contains a list of steps for the consummation of the sale and transfer of the Transferred Shaohong Equity (YFVE to HoldCo) and identifies required Approvals
related thereto. 
 (ii) Deliveries. At or prior to the closing of the transaction described in
Section 2.01(j)(i) (the “Shaohong Closing”): 
 (1) YFVE and HoldCo shall each
deliver, or cause their respective Affiliates to deliver, to each other the short-form purchase agreement for the Transferred Shaohong Equity (YFVE to HoldCo) in the form attached hereto as Exhibit L duly executed by the party making
such delivery or its Affiliates. 
 (2) HoldCo shall, or shall cause its applicable Affiliates to, deliver to
YFVE, the Shaohong Purchase Price (HoldCo to YFVE) by wire transfer in immediately available funds to an account or accounts designated in writing by YFVE not fewer than three (3) business days prior to the Shaohong Closing Date. 

(k) TechCo Equity Sale and Transfer; Deliveries. 

(i) TechCo Equity Sale and Transfer. YFVE shall sell and transfer to HoldCo, and HoldCo shall purchase and accept
from YFVE, 100% of the outstanding equity of TechCo (the “Transferred TechCo Equity (YFVE 

  
 18 

 
to HoldCo)”) for total consideration of RMB45.0 million (the “TechCo Purchase Price (HoldCo to YFVE)”), payable in cash immediately upon the TechCo Closing, free and
clear of all Liens and with all rights attaching from the TechCo Closing. The resulting corporate structure of TechCo following the consummation of the sale and transfer of the Transferred TechCo Equity (YFVE to HoldCo) is illustrated in
Schedule: TechCo Structure attached hereto. Schedule: TechCo Steps attached hereto contains a list of steps for the consummation of the sale and transfer of the Transferred TechCo Equity (YFVE to HoldCo) and identifies required
Approvals related thereto. If HoldCo is not established within six (6) months after the date of this Agreement, YFVE shall sell and transfer to YFV and Visteon, and YFV and Visteon shall purchase and accept from YFVE, 100% of the outstanding
equity of TechCo, for the same price as the TechCo Purchase Price (HoldCo to YFVE) and on substantively the same terms and conditions as those agreed in this Agreement and the relevant Ancilliary Agreements for the sale and transfer of the
Transferred TechCo Equity (YFVE to HoldCo). YFV and Visteon shall each pay RMB22.5 million to YFVE as the purchase price and shall each hold a 50% equity interest in TechCo upon completion of the transfer. YFV and Visteon shall enter into a joint
venture contract of TechCo which is substantively the same as the form of Joint Venture Contract of HoldCo except for those provisions not applicable to TechCo due to the fact that TechCo is not an investment-oriented company. 

(ii) Deliveries. At or prior to the closing of the transaction described in Section 2.01(k)(i) (the
“TechCo Closing”): 
 (1) YFVE and HoldCo shall each deliver, or cause their respective
Affiliates to deliver, to each other the short-form purchase agreement for the Transferred TechCo Equity (YFVE to HoldCo) in the form attached hereto as Exhibit M duly executed by the party making such delivery or its Affiliates.

 (2) HoldCo shall, or shall cause its applicable Affiliates to, deliver to YFVE, the TechCo Purchase Price
(HoldCo to YFVE) by wire transfer in immediately available funds to an account or accounts designated in writing by YFVE not fewer than three (3) business days prior to the TechCo Closing Date. 

(l) Jinqiao Equity Sale and Transfer; Deliveries. 

(i) Jinqiao Equity Sale and Transfer. Visteon shall sell and transfer to YFV, and YFV shall purchase and accept
from Visteon, 12.5% of the outstanding equity of Jinqiao (the “Transferred Jinqiao Equity (Visteon to YFV)”) for total consideration of US$94.3 million (as adjusted as set forth in the last sentence of this
Section 2.01(l)(i) or in Section 4.09(b), if applicable, the “Jinqiao Purchase Price (YFV to Visteon)”), payable in cash immediately upon the Jinqiao Closing, free and clear of all Liens and with all rights
attaching from the Jinqiao Closing. The resulting corporate structure of Jinqiao following the 

  
 19 

 
consummation of the sale and transfer of the Transferred Jinqiao Equity (Visteon to YFV) is illustrated in Schedule: Jinqiao Structure attached hereto. Schedule: Jinqiao Steps
attached hereto contains a list of steps for the consummation of the sale and transfer of the Transferred Jinqiao Equity (Visteon to YFV) and identifies required Approvals related thereto. Notwithstanding anything to the contrary herein, to the
extent the Jinqiao Closing has not occurred by June 30, 2015, thereafter interest shall accrue on the Jinqiao Purchase Price (YFV to Visteon) each month at a rate of 6.0% per annum and, to the extent the Jinqiao Closing has not occurred by
June 30, 2016, Visteon shall be eligible for its pro rata share of dividends of Jinqiao for the period between July 1, 2016 and the Jinqiao Closing Date (both inclusive), provided that Visteon shall not be entitled to any interest accrued
on the Jinqiao Purchase Price (YFV to Visteon) after June 30, 2016. 
 (ii) Deliveries. At or prior
to the closing of the transaction described in Section 2.01(l)(i) (the “Jinqiao Closing”): 
 (1) Visteon and YFV shall each deliver, or cause their respective Affiliates to deliver, to each other the short-form purchase agreement for the Transferred Jinqiao Equity (Visteon to YFV) in the form
attached hereto as Exhibit N duly executed by the party making such delivery or its Affiliates. 

(2) YFV shall, or shall cause its applicable Affiliates to, deliver to Visteon, the Jinqiao Purchase Price (YFV to
Visteon) by wire transfer in immediately available funds to an account or accounts designated in writing by Visteon not fewer than three (3) business days prior to the Jinqiao Closing Date. 

(m) Tooling Equity Sale and Transfer; Deliveries. 

(i) Tooling Equity Sale and Transfer. Visteon shall sell and transfer to YFV, and YFV shall purchase and accept
from Visteon, 25% of the outstanding equity of Tooling (the “Transferred Tooling Equity (Visteon to YFV)”) for total consideration of US$0.1 million (as adjusted as set forth in Section 4.09(b) below, if applicable, the
“Tooling Purchase Price (YFV to Visteon)”), payable in cash immediately upon the Tooling Closing, free and clear of all Liens and with all rights attaching from the Tooling Closing. The resulting corporate structure of Tooling
following the consummation of the sale and transfer of the Transferred Tooling Equity (Visteon to YFV) is illustrated in Schedule: Tooling Structure attached hereto. Schedule: Tooling Steps attached hereto contains a list of steps for
the consummation of the sale and transfer of the Transferred Tooling Equity (Visteon to YFV) and identifies required Approvals related thereto. 
 (ii) Deliveries. At or prior to the closing of the transaction described in Section 2.01(m)(i) (the “Tooling Closing”): 

  
 20 

 (1) Visteon and YFV shall each deliver, or cause their respective
Affiliates to deliver, to each other the short-form purchase agreement for the Transferred Tooling Equity (Visteon to YFV) in the form attached hereto as Exhibit O duly executed by the party making such delivery or its Affiliates. 

(2) YFV shall, or shall cause its applicable Affiliates to, deliver to Visteon, the Tooling Purchase Price (YFV to
Visteon) by wire transfer in immediately available funds to an account or accounts designated in writing by Visteon not fewer than three (3) business days prior to the Tooling Closing Date. 

(n) Halol Equity Sale and Transfer; Deliveries. 

(i) Halol Equity Sale and Transfer. Visteon shall transfer to YFV, and YFV shall accept from Visteon, 50% of the
outstanding equity of Halol then held by Visteon, or such lesser percentage as may be held by Visteon as of the Halol Closing Date (the “Transferred Halol Equity (Visteon to YFV)”) for total consideration of US$2.0 million (as
adjusted as set forth in Section 4.09(b) below, if applicable, the “Halol Purchase Price (YFV to Visteon)”), payable in cash by YFV immediately upon the Halol Closing, free and clear of all Liens and with all rights
attaching from the Halol Closing. The resulting corporate structure of Halol following the consummation of the sale and transfer of the Transferred Halol Equity (Visteon to YFV) is illustrated in Schedule: Halol Structure attached hereto.
Schedule: Halol Steps attached hereto contains a list of steps for the consummation of the sale and transfer of the Transferred Halol Equity (Visteon to YFV) and identifies required Approvals related thereto. 

(ii) Deliveries. At or prior to the closing of the transaction described in Section 2.01(n)(i) (the
“Halol Closing”): 
 (1) Visteon and YFV shall each deliver, or cause their respective
Affiliates to deliver, to each other the short-form purchase agreement for the Transferred Halol Equity (Visteon to YFV) in the form attached hereto as Exhibit P duly executed by the party making such delivery or its Affiliates.

 (2) YFV shall, or shall cause its applicable Affiliates to, deliver to Visteon, the Halol Purchase Price (YFV
to Visteon) by wire transfer in immediately available funds to an account or accounts designated in writing by Visteon not fewer than three (3) business days prior to the Halol Closing Date. 

2.02 Execution and Delivery of Certain Transaction Documents. The Ancillary Agreements listed on Schedule 2.02 shall each
be executed and delivered on the date as set forth opposite to such Ancillary Agreement. 

  
 21 

 2.03 Closing. 

(a) Unless otherwise provided herein, each of the YFV Closing, the YFVE Capital Increase Closing, the HoldCo Capital Contribution
Closing, the Toppower Closing (YFVE to YFV and Visteon to YFV), the Toppower Closing (YFVE to HoldCo), the YFVE Closing, the Chang’an Closing, the FAW Closing, the Yidong Closing, the Shaohong Closing, the TechCo Closing, the Jinqiao Closing,
the Tooling Closing and the Halol Closing (each of the foregoing individually, a “Closing” and collectively, the “Closings”) shall occur as soon as practicable following the satisfaction or waiver of the conditions
set forth in Article V applicable to such Closings (other than those conditions that by their terms cannot be satisfied until such Closing) but in no event later than the third business day following such satisfaction or waiver, or on such
other date and time as Visteon and HASCO shall mutually agree in writing (the date of the YFV Closing, the “YFV Closing Date”, the date of the YFVE Capital Increase Closing, the “YFVE Capital Increase Closing Date”,
the date of the Toppower Closing (YFVE to YFV and Visteon to YFV), the “Toppower Closing Date (YFVE to YFV and Visteon to YFV)”, the date of the Toppower Closing (YFVE to HoldCo), the “Toppower Closing Date (YFVE to
HoldCo)”, the date of the YFVE Closing, the “YFVE Closing Date”, the date of the Chang’an Closing, the “Chang’an Closing Date”, the date of the FAW Closing, the “FAW Closing
Date”, the date of the Yidong Closing, the “Yidong Closing Date”, the date of the Shaohong Closing, the “Shaohong Closing Date”, the date of the Jinqiao Closing, the “Jinqiao Closing Date”,
the date of the TechCo Closing, the “TechCo Closing Date”, the date of the Tooling Closing, the “Tooling Closing Date”, the date of the Halol Closing, the “Halol Closing Date”, and each of the
foregoing individually, plus the HoldCo Capital Contribution Closing Date, a “Closing Date” and collectively, the “Closing Dates”). In addition to each of the Closing deliveries explicitly set forth in
Section 2.01 above, each party hereto shall deliver to each other party hereto such other customary documents, instruments or certificates as shall be reasonably requested by such other party and as shall be reasonably consistent with
the terms of this Agreement, including any amendments to articles of association or other governing documents required by the transactions contemplated hereby. 
 (b) The Closings shall take place at the offices of Yanfeng Visteon Automotive Trim Systems Co., Ltd., located at No. 399 Liuzhou Road, Shanghai, PRC. Each Closing shall be deemed to occur at 12:01
a.m. on the applicable Closing Date. 
 (c) Time shall be of the essence with respect to the obligations of the parties hereto
under this Article II. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES 
 3.01 Representations and Warranties of
Visteon. Visteon represents and warrants as follows: 
 (a) Organization and Power. Visteon is a limited liability
company duly organized, validly existing and in good standing under the Laws of the State of Delaware, with full limited liability company power and authority to enter into this Agreement and the Ancillary Agreements and perform its obligations
hereunder and thereunder. 

  
 22 

 (c) Execution and Delivery; Valid and Binding Agreement. The execution, delivery and
performance of this Agreement and the Ancillary Agreements by Visteon and the consummation of the transactions contemplated hereby and thereby have been duly and validly authorized by all requisite action on the part of Visteon, and no other
proceedings on Visteon’s part are necessary to authorize the execution, delivery or performance of this Agreement or the Ancillary Agreements. Assuming that this Agreement and the Ancillary Agreements are valid and binding obligations of the
other parties hereto and thereto, this Agreement and the Ancillary Agreements constitute valid and binding obligations of Visteon, enforceable in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency,
fraudulent conveyance, reorganization, or moratorium Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies. 

(d) No Conflicts. The execution, delivery and performance of this Agreement and the Ancillary Agreements by Visteon and the
consummation of the transactions contemplated hereby and thereby do not conflict with or result in any material breach of, constitute a material default under, result in a material violation of, result in the creation of any Lien upon any assets of
Visteon, or require any Approval or other material action by or notice to any court, other Governmental Authority or other Third Party, under the provisions of any material indenture, mortgage, lease, loan agreement or other material Contract or
instrument to which Visteon is bound, or any Law, statute, rule or regulation or order, judgment or decree to which Visteon is subject other than any such breaches, defaults, violations or Liens that, individually or in the aggregate, would not have
a have a material adverse effect on the ability of Visteon to perform any of its material obligations under this Agreement or under the Ancillary Agreements, and other than any such Approvals or other actions required under applicable
Competition/Investment Laws or that may be required by reason of Visteon’s participation in the transactions contemplated hereby (including MOFCOM Approvals). 
 (e) Ownership. Visteon is the owner of record of the Transferred YFV Equity (Visteon to HASCO), the Transferred Toppower Equity (Visteon to YFV), the Transferred Jinqiao Equity (Visteon to YFV),
the Transferred Tooling Equity (Visteon to YFV), and the Transferred Halol Equity (Visteon to YFV), in each case, free and clear of all Liens. On the YFV Closing Date, Visteon shall transfer to HASCO in accordance with Section 2.01(a),
good and valid title to the Transferred YFV Equity (Visteon to HASCO), free and clear of all Liens, other than Liens created or suffered to exist by HASCO. On the Toppower Closing Date (Visteon to YFV), Visteon shall transfer to YFV, in accordance
with Section 2.01(d)(ii), good and valid title to the Transferred Toppower Equity (Visteon to YFV), free and clear of all Liens, other than Liens created or suffered to exist by YFV. On the Jinqiao Closing Date, Visteon shall transfer to
YFV in accordance with Section 2.01(l), good and valid title to the Transferred Jinqiao Equity (Visteon to YFV), free and clear of all Liens, other than Liens created or suffered to exist by YFV. On the Tooling Closing Date, Visteon
shall transfer to YFV in accordance with Section 2.01(m), good and valid title to the Transferred Tooling Equity (Visteon to YFV), free and clear of all Liens, other than Liens created or suffered to exist by YFV. On the Halol Closing
Date, Visteon shall transfer to YFV in accordance with Section 2.01(n), good and valid title to the Transferred Halol Equity (Visteon to YFV), free and clear of all Liens, other than Liens created or suffered to exist by YFV. 

  
 23 

 (f) Sufficient Funds. Visteon shall have sufficient funds on each Closing Date that
Visteon is a Closing Party to consummate such Closing on the terms and conditions herein. 
 (g) No Other Representations and
Warranties. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS SECTION 3.01 AND THE ANCILLARY AGREEMENTS, VISTEON DOES NOT MAKE ANY EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY AND VISTEON HEREBY DISCLAIMS ANY SUCH REPRESENTATION
OR WARRANTY WITH RESPECT TO THE EXECUTION AND DELIVERY OF THIS AGREEMENT AND THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 
 3.02 Representations and Warranties of HASCO. HASCO represents and warrants as follows: 
 (a) Organization and Power. HASCO is a company limited by shares duly organized, validly existing and in good standing under the Laws of the PRC, with full power and authority of a company limited
by shares to enter into this Agreement and the Ancillary Agreements and perform its obligations hereunder and thereunder. 
 (b)
Execution and Delivery; Valid and Binding Agreement. The execution, delivery and performance of this Agreement and the Ancillary Agreements by HASCO and the consummation of the transactions contemplated hereby and thereby have been duly and
validly authorized by all requisite action on the part of HASCO, and no other proceedings on HASCO’s part are necessary to authorize the execution, delivery or performance of this Agreement or the Ancillary Agreements. Assuming that this
Agreement and the Ancillary Agreements are valid and binding obligations of the other parties hereto and thereto, this Agreement and the Ancillary Agreements constitute a valid and binding obligation of HASCO, enforceable in accordance with their
terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, or moratorium Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of
specific performance and other equitable remedies. 
 (c) No Conflicts. The execution, delivery and performance of this
Agreement and the Ancillary Agreements by HASCO and the consummation of the transactions contemplated hereby and thereby do not conflict with or result in any material breach of, constitute a material default under, result in a material violation
of, result in the creation of any Lien upon any assets of HASCO, or require any Approval, exemption or other action by or notice to any court, other Governmental Authority or other Third Party, under the provisions of any indenture, mortgage, lease,
loan agreement or other material Contract or instrument to which HASCO is bound, or any Law, statute, rule or regulation or order, judgment or decree to which HASCO is subject other than any such breaches, defaults, violations or Liens that,
individually or in the aggregate, would not have a have a material adverse effect on the ability of HASCO to perform any of its material obligations under this Agreement or under the Ancillary Agreements, and other than any such Approvals or other
actions required under applicable Competition/Investment Laws or that may be required by reason of HASCO’s participation in the transactions contemplated hereby (including MOFCOM Approvals). 

  
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 (d) Sufficient Funds. HASCO shall have sufficient funds on the YFV Closing Date to
consummate the YFV Closing on the terms and conditions herein. 
 (e) No Other Representations and Warranties. EXCEPT FOR
THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS SECTION 3.02 AND THE ANCILLARY AGREEMENTS, HASCO DOES NOT MAKE ANY EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY AND HASCO HEREBY DISCLAIMS ANY SUCH REPRESENTATION OR WARRANTY WITH RESPECT TO THE
EXECUTION AND DELIVERY OF THIS AGREEMENT AND THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 
 3.03
Representations and Warranties of YFV. YFV represents and warrants as follows: 
 (a) Organization and Power. YFV
is a limited liability company duly organized, validly existing and in good standing under the Laws of the PRC, with full limited liability company power and authority to enter into this Agreement and the Ancillary Agreements and perform its
obligations hereunder and thereunder. 
 (c) Execution and Delivery; Valid and Binding Agreement. The execution, delivery
and performance of this Agreement and the Ancillary Agreements by YFV and the consummation of the transactions contemplated hereby and thereby have been duly and validly authorized by all requisite action on the part of YFV, and no other proceedings
on YFV’s part are necessary to authorize the execution, delivery or performance of this Agreement or the Ancillary Agreements. Assuming that this Agreement and the Ancillary Agreements are valid and binding obligations of the other parties
hereto and thereto, this Agreement and the Ancillary Agreements constitute valid and binding obligations of YFV, enforceable in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance,
reorganization, or moratorium Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies. 

(d) No Conflicts. The execution, delivery and performance of this Agreement and the Ancillary Agreements by YFV and the
consummation of the transactions contemplated hereby and thereby do not conflict with or result in any material breach of, constitute a material default under, result in a material violation of, result in the creation of any Lien upon any assets of
YFV, or require any Approval or other material action by or notice to any court, other Governmental Authority or other Third Party, under the provisions of any material indenture, mortgage, lease, loan agreement or other material Contract or
instrument to which YFV is bound, or any Law, statute, rule or regulation or order, judgment or decree to which YFV is subject other than any such breaches, defaults, violations or Liens that, individually or in the aggregate, would not have a have
a material adverse effect on the ability of YFV to perform any of its material obligations under this Agreement or the Ancillary Agreements, and other than any such Approvals or other actions required under applicable Competition/Investment Laws or
that may be required by reason of YFV’s participation in the transactions contemplated hereby (including MOFCOM Approvals). 

  
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 (e) Ownership. YFV is the owner of record of the Transferred YFVE Equity (YFV to
HoldCo), free and clear of all Liens. On the YFVE Closing Date, YFV shall transfer to HoldCo, in accordance with Section 2.01(f), good and valid title to the Transferred YFVE Equity (YFV to HoldCo), free and clear of all Liens, other
than Liens created or suffered to exist by HoldCo. 
 (f) Sufficient Funds. YFV shall have sufficient funds on each
Closing Date that YFV is a Closing Party to consummate such Closing on the terms and conditions herein. 
 (h) No Other
Representations and Warranties. EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS SECTION 3.03, YFV DOES NOT MAKE ANY EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY AND YFV HEREBY DISCLAIMS ANY SUCH REPRESENTATION OR WARRANTY
WITH RESPECT TO THE EXECUTION AND DELIVERY OF THIS AGREEMENT AND THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 
 ARTICLE IV 
 SPECIAL DISTRIBUTIONS; ADDITIONAL AGREEMENTS 

4.01 Distributions. 
 (a) Earnings Prior to 2012. Visteon agrees that, except for any distribution payable pursuant to Section 4.01(c)(ii) or 4.01(c)(iii), it is not and shall not be entitled to any
undistributed earnings of YFV, Toppower, Jinqiao, Tooling and Halol (if any) related to the period prior to January 1, 2012. 
 (b) 2012 Earnings. Within the earlier of (i) two (2) months after the date of this Agreement, and (ii) the YFV Closing: 

(i) YFV shall declare and distribute RMB1,123,443,460.00, which is 100% of its distributable earnings for the fiscal year
ending December 31, 2012, pro rata to the equity holders as of the date hereof in accordance with their ownership percentages as of the date hereof. 
 (ii) Jinqiao shall declare and distribute RMB444,402,579.02, which is 80% of its distributable earnings for the fiscal year ending December 31, 2012, pro rata to the equity holders as of the date
hereof in accordance with their ownership percentages as of the date hereof. 
 (iii) YFVE shall declare and
distribute RMB211,713,745.07, which is 100% of its distributable earnings for the fiscal year ending December 31, 2012, pro rata to the equity holders as of the date hereof in accordance with their ownership percentages as of the date hereof.

  
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 (iv) Toppower shall declare and distribute RMB30,000,000.00, which includes
100% of its distributable earnings for the fiscal year ending December 31, 2012 and part of its distributable earnings for the period prior to January 1, 2012, pro rata to the equity holders as of the date hereof in accordance with their
ownership percentages as of the date hereof. 
 (c) 2013-2014 Earnings. YFV shall declare and distribute the following
dividends for the fiscal year ending December 31, 2013 to Visteon in immediately available US dollars as soon as practicable following the 2013 annual audit (which is expected to be in March 2014): 

(i) US$69.0 million payable for the first half of 2013, plus  

(ii) US$9.0 million will be payable for each of the calendar months of October, November and December 2013 prior to the
occurrence of YFV Closing, (it being understood that such payment is not based on the actual earnings in these calendar months and can be made out of earnings accrued in any fiscal period prior to the YFV Closing Date), plus 

(iii) US$4.5 million will be payable for each subsequent calendar month beginning (and including) January 2014 prior to
the occurrence of YFV Closing (it being understood that such payment is not based on the actual earnings in these calendar months and can be made out of earnings accrued in any fiscal period prior to the YFV Closing Date). 

provided, however, that, in the case of the preceding clauses (c)(ii) and (iii), (a) if the YFV Closing occurs
prior to or on the 21st day of any calendar month (the
“Given Month”), there shall be no dividend payable for that Given Month, (b) if the YFV Closing occurs after the 21st of any Given Month up to and including the 5th day of the following calendar month, half the applicable dividend shall be payable for that Given Month, and
(c) if the YFV Closing occurs on the 6th day of the
calendar month after any Given Month, then full applicable dividend shall be payable for that Given Month. An illustration of the payment requirements of this proviso is included on Schedule 4.01 hereto. 

provided, further however, solely for purposes of this Section 4.01(c), the YFV Closing shall mean the YFV Tax Payment Date so long as the payment
of the balance of the YFV Purchase Price (HASCO to Visteon) is paid to Visteon within ten (10) business days after the YFV Tax Payment Date. For the avoidance of doubt, if HASCO has not made such payment within ten (10) business days after
YFV Tax Payment Date then the meaning of YFV Closing shall revert back its original meaning. 
 (d) Immediately after the YFVE
Capital Increase Closing and the distribution of YFVE dividends in accordance with this Agreement, YFVE shall distribute (i) a dividend of RMB161.6 million to YFV, and (ii) the after tax portion of a dividend of RMB168.2 million (such
after tax portion being approximately RMB151.4 million) to Visteon. 

  
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 4.02 No Right to Other Earnings. Visteon agrees that, except for the earnings to be
distributed pursuant to Sections 2.01(l), 4.01(b), 4.01(c) and 4.03, it is not and shall not be entitled to any other earnings of YFV, Toppower, Jinqiao, Tooling and Halol (if any). 

4.03 Jinqiao Distributions. 
 (a) HASCO shall cause Jinqiao to declare and distribute to Visteon total dividend of US$14.0 million on or before June 30, 2014, payable in cash. 

(b) HASCO shall cause Jinqiao to declare and distribute to Visteon total dividend of US$14.0 million on or before June 30, 2015,
payable in cash. 
 4.04 Further Assurances. From time to time, as and when requested by Visteon or HASCO and at such
requesting party’s expense, the other party shall execute and deliver, or cause its controlled Affiliates to execute and deliver, all such documents and instruments and shall take, or cause to be taken, all such further or other actions as may
be reasonably necessary or desirable to evidence and effectuate the transactions contemplated by this Agreement and the Ancillary Agreements. 
 4.05 Approvals. 
 (a) Subject to the terms and conditions set forth in this
Agreement, each of the parties hereto shall use its reasonable best efforts (subject to, and in accordance with, applicable Law) to take promptly, or cause to be taken, all actions, and to do promptly, or cause to be done, and to assist and
cooperate with the other parties in doing, all things necessary, proper or advisable under applicable Laws to consummate and make effective the transactions contemplated by this Agreement, including by cooperating with each other in:
(i) determining what filings and Approvals are required to be made with and obtained from, any third parties (including joint venture partners) or Governmental Authorities in connection with the execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby, (ii) timely making all such filings and timely seeking all such Approvals (or seeking to avoid an action or proceeding by any Governmental Authority), (iii) defending any lawsuits or
other legal proceedings, whether judicial or administrative, challenging this Agreement or the consummation of the transactions contemplated by this Agreement, (iv) executing and delivering any additional instruments necessary to consummate the
transactions contemplated by this Agreement, (v) subject to applicable legal limitations, keeping each other apprised of the status of matters relating to the completion of the transactions contemplated hereby, including promptly furnishing the
other with copies of notices or other communications received by HASCO or Visteon, as the case may be, or any of their respective Subsidiaries, from any third party and/or any Governmental Authority with respect to such transactions and (vi) if
requested by HASCO or Visteon, re-submitting filings and continuing to seek an Approval in the event a request for an Approval is denied or indefinitely delayed. 
 (b) Neither HASCO nor Visteon shall knowingly enter into any acquisition or other agreement, make any announcement with respect to any transaction or take any other action that could reasonably be
expected to have the effect of materially delaying, impairing or impeding the receipt of any Approval of a Governmental Authority under any 

  
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Competition/Investment Law. Without limiting Section 4.05(a), HASCO and Visteon each agree to make, or to cause to be made, if required, an appropriate filing of a notification and
report form pursuant to applicable Competition/Investment Law, in each case, with respect to the transactions contemplated by this Agreement as promptly as reasonably practicable after the date of this Agreement, and to supply promptly any
additional information and documentary material that may be requested pursuant to any applicable Competition/Investment Laws. If any objections are asserted with respect to the transactions contemplated hereby under any Competition/Investment Law or
if any suit or proceeding is instituted or threatened by any Governmental Authority or any private party challenging any of the transactions contemplated hereby as violative of any Competition/Investment Law, each of HASCO and Visteon shall use its
reasonable best efforts to promptly resolve such objections. Notwithstanding anything to the contrary contained in this Agreement, in connection with obtaining any Approval of a Governmental Authority under any Competition/Investment Law, neither
HASCO, Visteon nor any of their respective Affiliates shall be required to (i) divest or hold separate or otherwise take or commit to take any action that limits its freedom of action with respect to, or its ability to retain any material
assets or businesses, (ii) alter or restrict in any material way their business or commercial practices or (iii) commence legal or administrative proceedings against any Governmental Authority. 

4.06 Liabilities of YFVE. Promptly after the last to occur of the Chang’an Closing, the FAW Closing, the TechCo Closing and
the Toppower Closing (the “Debt Payment Trigger Date”), YFVE shall repay, redeem, repurchase, retire or otherwise payoff up to US$40.0 million of Liabilities for borrowed money of YFVE outstanding. If, on the Debt Payment Trigger
Date, more than US$40.0 million of Liabilities for borrowed money of YFVE is outstanding, YFVE shall be entitled to repay, redeem, repurchase, retire or otherwise payoff up to an additional US$2.9 million of Liabilities for borrowed money of YFVE to
the extent such redemption, repurchase, retirement or payoff would not cause the cash balance of YFVE to be insufficient for its current operations. 
 4.07 Agreements Related to Jinqiao, Tooling and Halol. 
 (a)
Notwithstanding anything to the contrary contained in any joint venture agreement, articles of association, or other understanding or arrangement between or among parties hereto, from and after the date hereof, Visteon shall not be required to
contribute additional capital to or provide any loans, advances or other funding, or participate in any capital infusion or capital call in respect of, or any loan advance or other funding, to Jinqiao, Tooling and/or Halol, and any such failure to
contribute or participate will not be considered a breach or violation of any such joint venture agreement, articles of association or other understanding or arrangement, as applicable. Visteon shall execute and deliver, or instruct the directors
and senior management personnel appointed or nominated by it to Jinqiao, Tooling or Halol to execute and deliver, all such documents and instruments and shall take, or cause to be taken, all such further action as may be reasonably necessary or
desirable to approve and implement the operational and management plans proposed by HASCO or YFV in connection with Jinqiao, Tooling and Halol, including, without limitation, any capital injection into Jinqiao, Tooling and Halol, and any
corresponding changes to the corporate governance structure of Jinqiao, Tooling and Halol, provided in each such case, that (i) any such execution, delivery, instruction or other action, or the intended consequences of any such execution,
delivery, instruction or other action, shall not 

  
 29 

 
cause Visteon, any of its Subsidiaries or any of the directors and senior management personnel appointed or nominated by it to Jinqiao, Tooling or Halol to violate any applicable law and
(ii) upon Visteon’s request, HASCO and YFV shall indemnify and hold harmless Visteon, any of its Subsidiaries and any of the directors and senior management personnel appointed or nominated by it to Jinqiao, Tooling or Halol from any and
all direct losses (exclusive of any Taxes payable pursuant to Section 4.09) that any such Person may incur as a result of any such execution, delivery, instruction or other action, or the intended consequences of any such execution,
delivery, instruction or other action. 
 (b) Notwithstanding anything to the contrary contained in any joint venture agreement,
articles of association, or other understanding or arrangement between or among parties hereto, the parties agree (and any such relevant joint venture agreement, articles of association, or other understanding or arrangement shall be amended to so
reflect) that until the consummation of the Jinqiao Closing, YFV agrees to appoint one director designated by Visteon to Jinqiao’s board of directors. 
 4.08 Conditions. The parties shall use reasonable best efforts to cause the conditions set forth in Article V hereof to be satisfied and to consummate each Closing as soon as reasonably
possible after the satisfaction of the conditions set forth in Article V (other than those to be satisfied at such Closing). 
 4.09 Payment of Transaction Expenses. 
 (a) Each party shall pay the costs
and expenses incurred by it in connection with the negotiation, entering into and completion of this Agreement in respect of the transactions contemplated hereby. Costs of any appraisals required by the transactions contemplated by the YFV Closing,
the Jinqiao Closing, the Tooling Closing and the Halol Closing shall be paid by HASCO and Visteon equally; and costs of any appraisals and equity exchange charges and fees required by other transactions contemplated hereby shall be paid by YFVE.

 (b) To the extent that the results of any appraisals required to be conducted in connection with each of the Transferred
Jinqiao Equity (Visteon to YFV), the Transferred Tooling Equity (Visteon to YFV) and/or the Transferred Halol Equity (Visteon to YFV) differ materially from the Jinqiao Purchase Price (YFV to Visteon), the Tooling Purchase Price (YFV to Visteon) or
the Halol Purchase Price (Visteon to YFV), respectively, (i) the parties shall cooperate in good faith to reallocate the purchase prices allocated to the Transferred Jinqiao Equity (Visteon to YFV), the Transferred Tooling Equity (Visteon to
YFV) and the Transferred Halol Equity (Visteon to YFV) (collectively, the “Subsequent Transferred Equity”) accordingly, provided, however, that the total net consideration payable for the Subsequent Transferred Equity
shall remain unchanged, and (ii) to the extent any PRC Taxes that are in excess of the PRC Taxes that would be payable based on appraisals that equal the Jinqiao Purchase Price (YFV to Visteon), the Tooling Purchase Price (YFV to Visteon) or
the Halol Purchase Price (YFV to Visteon), become due and payable as a result of any such appraisal, (x) YFV shall be responsible for the payment of such Taxes to the extent such difference is due to a capital injection, merger, acquisition,
consolidation or reorganization of the applicable entity undertaken by YFV and (y) in all other cases, YFV and Visteon shall share the 

  
 30 

 
increased taxes equally. If such appraisals differ so materially from the Jinqiao Purchase Price (YFV to Visteon), the Tooling Purchase Price (YFV to Visteon) or the Halol Purchase Price (YFV to
Visteon) such that the parties would not be able to obtain any regulatory approval necessary to transfer the relevant Subsequent Transferred Equity, the parties agree to cooperate and negotiate in good faith amendments to this Agreement that most
closely as reasonably possible provide each party with the same economic benefits with respect to the transfer of the Subsequent Transferred Equity as are provided for in this Agreement; provided that no party shall be bound to accept or agree to
any such amendments. 
 4.10 Cooperation Prior to or Following YFV Closing. 

(a) If, following the YFV Closing, any Governmental Authority has affirmatively indicated that any Approval necessary for the
consummation of any Closing (other than the YFV Closing) shall not be granted, or if any Closing (other than the YFV Closing) has not been consummated in accordance with the terms hereunder within six months of the date on which such Closing would
have reasonably been expected to occur, then the parties hereto shall cooperate in good faith to agree on an arrangement that shall result in each party hereto obtaining substantially the same economic benefits as if each Closing contemplated
hereunder had been consummated. For the avoidance of doubt, and without limiting the generality of the foregoing sentence, the parties agree that the consummation of the YFVE Capital Increase Closing is integral to Visteon receiving its full
economic benefits under this Agreement, and the consummation of the Toppower Closing (YFVE to YFV), the Toppower Closing (Visteon to YFV), the Toppower Closing (YFVE to HoldCo) and the TechCo Closing are integral to HASCO receiving its full economic
benefits under this Agreement. 
 (b) HASCO and YFV shall provide the financial and other information of YFV and its Affiliates
as requested in writing by Visteon to the extent required to enable Visteon and its Affiliates to comply with generally accepted accounting principle, stock exchange rules and securities laws applicable to them, including, without limitation, such
information and support to permit the Visteon and its Affiliates to prepare, in a timely manner, audit consolidated financial statements of YFV required pursuant to Rule 3-09 of Regulation S-X under the Securities Exchange Act of 1934, as amended,
for any fiscal periods required prior to the YFV Closing Date. 
 4.11 Bidding Cooperation and Qualifications. To the
extent permitted under applicable Law, the parties agree to cooperate in good faith to formulate criteria and requirements for the implementation of the bid procedures required by Governmental Authorities as a result of the transactions contemplated
hereby. 
 4.12 Appraisals. The parties agree to share all appraisal reports made in connection with the transactions
contemplated hereby and the parties will jointly participate, cooperate and assist (i) in the appraisal process to the extent any appraisals are required after the date hereof in connection with any of the transactions contemplated hereby (the
“New Appraisals”) and (ii) in the formulation of business plan(s) and/or projection(s) that may be used or referenced in connection with the New Appraisals. Each of HASCO, YFV and YFVE hereby confirm that it has provided
Visteon with appraisal reports completed before or on the date hereof in connection with the transactions contemplated hereby. 

  
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 4.13 Obligation Not to Compete; Non-Solicitation. 

(a) For a period of (3) years from the YFV Closing Date (the “Restricted Period”) and within the territory of the
PRC, Visteon and its Affiliates will not directly or indirectly own, manage, operate, control or participate in the ownership, management, operation or control of any business, which undertakes the Business of Automotive Interior Parts, or competing
with such business. For purpose of this provision, the “Business of Automotive Interior Parts” includes the designing, developing, manufacturing and selling of the instrument panels, cockpit systems, consoles, door panels, pillars, glove
boxes, carpets, headliners, side panels, shelving panels, sun visors and other automotive interior parts, and the after-market services (excluding cockpit electronics or climate-related parts included in any of the foregoing). Nothing in this
Section 4.13(a) shall be deemed to prevent or limit, during the Restricted Period or anytime thereafter: 
 (i) the joint-operation by Visteon and YFV of Jinqiao and YFV Tooling; 
 (ii) any company, business entity or asset that are no longer directly or indirectly controlled by Visteon or its Affiliates; 

(iii) the right of Visteon or any of its Affiliates from acquiring, owning or holding five percent (5%) or less of
the outstanding interests in or securities of any publicly traded entity (it being agreed that interests in or securities of any Person acquired or held by any pension fund or any other benefit plan of Visteon shall not be subject to any limitation
hereunder and shall not be considered a violation of Section 4.13(a)); and 
 (iv) the right of
Visteon or any of its Affiliates to acquire control of a company, business entity or asset that is in the Business of Automotive Interior Parts; provided that, the portion of the business of the acquired company, business entity or asset that
constitutes operations related to the Business of Automotive Interior Parts within the territory of the PRC does not constitute twenty percent (20%) or more of the total revenues or earnings of such acquired business, business entity or asset
within the territory of the PRC in the last fiscal year. 
 (b) During the Restricted Period, Visteon shall not directly or
indirectly (i) solicit the employment or services of any employee of YFV or any of its Affiliates, or (ii) otherwise encourage any employee of YFV or any of its Affiliates to terminate his or her employment with YFV or any of its
Affiliates in each case, during the period of employment or the 90-day period following such employment; provided that the foregoing shall not preclude Visteon from soliciting any employee through a general solicitation for employment or through a
recruitment agency or executive search firm for employees provided that such advertisements are not targeted or focused on the YFV’s or any of its Affiliates’ employees; and provided further that Visteon will not be restricted from hiring
any such officer or employee who contacts Visteon primarily in response to such solicitation. 

  
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 (c) Visteon agrees, and it shall cause its Affiliates, not to knowingly or maliciously
disparage, or make any disparaging remark or send any disparaging communications concerning YFV, YFV’s reputation and/or YFV’s business. Visteon shall not, and it shall cause its Affiliates not to, knowingly communicate with the customers
of YFV or its Affiliates for the purpose of causing any such customers to cease doing business with YFV or its Affiliates. 

(d) Visteon agrees that it will perform, observe and comply with its obligations as set forth in this Section 4.13. In
addition, Visteon agrees that it shall cause all of its Affiliates to undertake the same obligations as set forth in this Section 4.13. 
 4.14 Use of Corporate Name of “VISTEON”. Visteon hereby undertakes that all the rights relating to the English name “VISTEON” and the Chinese name “

” are owned by and belong to it. Within one (1) year from the consummation of each of the YFV Closing, the Jinqiao Closing, the Tooling Closing and the Halol Closing (each the “Interim Period for
Use”), each of YFV, Jinqiao, Tooling, Halol and its Affiliates shall be permitted and authorized to continue to use “VISTEON” or “

” in its corporate name, activities or products in manner and scope consistent with its usage as of the date hereof during its respective Interim Period for Use, free from any fees. In addition, from the YFV Closing
until June 30, 2016, Dongfeng Visteon Automotive Trim Systems Co., Ltd and Dongfeng Visteon (Shiyan) Automotive Trim Systems Co., Ltd. (“Dongfeng Visteon (Shiyan)”) shall be permitted and authorized to use
“VISTEON” or “

” in its corporate name, activities or products in manner and scope consistent with its usage as of the date hereof, free from any fees. 
 4.15 Dongfeng Visteon (Shiyan) Equity Transfer. Visteon hereby acknowledges and agrees that YFV may sell and transfer to any of its Affiliates all or part of the equity interest of Dongfeng Visteon
(Shiyan) before YFV Closing. 
 4.16 Restrictive Covenants of Seller in Each Closing (except YFVE Capital Increase Closing
and the HoldCo Capital Contribution Closing, collectively the “Equity Transfer Closings”). 
 (a) During
the period between the date of this Agreement and the date of the applicable Equity Transfer Closing, except as agreed by the purchasing parties to such equity transfer in writing, the parties hereto undertake that they shall not, and shall cause
their Affiliates which are selling parties to such equity transfer not to, directly or indirectly, sell or transfer the equity that is to be transferred pursuant to such Equity Transfer Closings, create a Lien on such equity or otherwise dispose of
any such equity. 
 (b) During the period between the date of this Agreement and the date of the applicable Equity Transfer
Closing, except as agreed by the purchasing parties to such equity transfer in writing, the parties hereto undertake that they shall, and shall cause their Affiliates which are selling parties to such equity transfer to, instruct the directors and
senior management personnel they appoint to: 
 (i) not agree to any actions by the target company whose equity
is being transferred (“Target Company”) that are outside the ordinary course of the Target Company’s business; 

  
 33 

 (ii) comply with all applicable Laws in all material respects related to
their positions in or duties to the Target Company, and not agree to any actions by the Target Company that would materially violate any Law or breach any contract or commitment; and 

(iii) comply with the corporate governance rules of the Target Company, including, in all material respects, without
limitation, the joint venture contract and articles of association of the Target Company. 
 ARTICLE V 

CONDITIONS TO CLOSING 
 5.01 Conditions to All Closings. 
 (a) Conditions to All Parties’
Obligations. The obligations of all Closing Parties to consummate each Closing are subject to the satisfaction or waiver of the following conditions as of the applicable Closing Date. 

(i) All Approvals set forth on the applicable Schedules related to each Closing shall have been obtained and remain in
full force and effect. 
 (ii) There shall be no governmental order restricting or prohibiting the consummation
of the transactions to be consummated at the applicable Closing. 
 (iii) Each of the deliveries set forth in
Article II applicable to such Closing shall have been made in accordance with the term of such Article. 
 (b)
Conditions to Each Parties’ Obligations. The obligations of each Closing Party to consummate each Closing are subject to the satisfaction or waiver of the following conditions as of the applicable Closing Date. 

(i) The representations and warranties of each Other Closing Party in Article III hereof shall have been true and
correct in all material respects as of the applicable Closing Date (other than those representations and warranties that are not true and correct solely as a result of a prior Closing). 

(ii) Each Other Closing Party shall have complied with or performed in all material respects each of its covenants and
agreements set forth in this Agreement required to be complied with or performed by it prior to the applicable Closing (other than those covenants and agreements related solely to another Closing). 

5.02 Additional Condition to the HoldCo Capital Contribution Closing. The obligations of YFV and Visteon to consummate the HoldCo
Capital Contribution Closing are subject to the satisfaction or waiver of the following condition as of the HoldCo Capital Contribution Closing Date. 

  
 34 

 (a) HoldCo shall have been formed in accordance with Section 2.01(c)(i) hereof.

 5.03 Additional Condition to the Toppower Closing (YFVE to YFV and Visteon to YFV). The obligations of YFV, YFVE and
Visteon to consummate the Toppower Closing (YFVE to YFV and Visteon to YFV) are subject to the satisfaction or waiver of the following condition as of the Toppower Closing Date (YFVE to YFV and Visteon to YFV). 

(a) The public bidding procedure shall have been duly completed with respect to the Transferred Toppower Equity (YFVE to YFV) and YFV
shall have been chosen as the transferee for the consummation of the Toppower Closing (YFVE to YFV and Visteon to YFV), if required. 
 5.04 Additional Conditions to the Toppower Closing (YFVE to HoldCo). The obligations of YFVE and HoldCo to consummate the Toppower Closing (YFVE to HoldCo) are subject to the satisfaction or waiver
of the following conditions as of the Toppower Closing Date (YFVE to HoldCo). 
 (a) The YFV Closing shall have occurred in
accordance with the terms set forth herein. 
 (b) The HoldCo Capital Contribution Closing shall have occurred in accordance
with the terms set forth herein. 
 5.05 Additional Conditions to the YFVE Closing. The obligations of YFV and HoldCo to
consummate the YFVE Closing are subject to the satisfaction or waiver of the following conditions as of the YFVE Closing Date. 

(a) The YFV Closing shall have occurred in accordance with the terms set forth herein. 

(b) The HoldCo Capital Contribution Closing shall have occurred in accordance with the terms set forth herein. 

(c) The HoldCo Debt Financing shall have occurred in accordance with the terms set forth herein. 

(d) YFVE shall have made the distributions required by Section 4.01(d). 

(e) The public bidding procedure shall have been duly completed and HoldCo shall have been chosen as the transferee for the consummation
of the YFVE Closing. 
 5.06 Additional Conditions to the Chang’an Closing. The obligations of YFVE and HoldCo to
consummate the Chang’an Closing are subject to the satisfaction or waiver of the following conditions as of the Chang’an Closing Date. 
 (a) The YFV Closing shall have occurred in accordance with the terms set forth herein. 

  
 35 

 (b) The YFVE Capital Increase Closing shall have occurred in accordance with the terms set
forth herein. 
 (c) The HoldCo Capital Contribution Closing shall have occurred in accordance with the terms set forth herein.

 (d) The public bidding procedure shall have been duly completed and HoldCo shall have been chosen as the transferee for the
consummation of the Chang’an Closing. 
 5.07 Additional Conditions to the FAW Closing. The obligations of YFVE and
HoldCo to consummate the FAW Closing are subject to the satisfaction or waiver of the following conditions as of the FAW Closing Date. 
 (a) The YFV Closing shall have occurred in accordance with the terms set forth herein. 
 (b) The YFVE Capital Increase Closing shall have occurred in accordance with the terms set forth herein. 
 (c) The HoldCo Capital Contribution Closing shall have occurred in accordance with the terms set forth herein. 
 (d) The public bidding procedure shall have been duly completed and HoldCo shall have been chosen as the transferee for the consummation of the FAW Closing. 

5.08 Additional Conditions to the Yidong Closing. The obligations of YFVE and HoldCo to consummate the Yidong Closing are subject
to the satisfaction or waiver of the following conditions as of the Yidong Closing Date. 
 (a) The YFV Closing shall have
occurred in accordance with the terms set forth herein. 
 (b) The YFVE Capital Increase Closing shall have occurred in
accordance with the terms set forth herein. 
 (c) The HoldCo Capital Contribution Closing shall have occurred in accordance
with the terms set forth herein. 
 (d) The public bidding procedure shall have been duly completed and HoldCo shall have been
chosen as the transferee for the consummation of the Yidong Closing. 
 5.09 Additional Conditions to the Shaohong
Closing. The obligations of YFVE and HoldCo to consummate the Shaohong Closing are subject to the satisfaction or waiver of the following conditions as of the Shaohong Closing Date. 

(a) The YFV Closing shall have occurred in accordance with the terms set forth herein. 

  
 36 

 (b) The YFVE Capital Increase Closing shall have occurred in accordance with the terms set
forth herein. 
 (c) The HoldCo Capital Contribution Closing shall have occurred in accordance with the terms set forth herein.

 (d) The public bidding procedure shall have been duly completed and HoldCo shall have been chosen as the transferee for the
consummation of the Shaohong Closing. 
 5.10 Additional Conditions to the TechCo Closing. The obligations of YFVE and
HoldCo to consummate the TechCo Closing are subject to the satisfaction or waiver of the following conditions as of the TechCo Closing Date. 
 (a) The YFV Closing shall have occurred in accordance with the terms set forth herein. 
 (b) The YFVE Capital Increase Closing shall have occurred in accordance with the terms set forth herein. 
 (c) The HoldCo Capital Contribution Closing shall have occurred in accordance with the terms set forth herein. 
 (d) The public bidding procedure shall have been duly completed and HoldCo shall have been chosen as the transferee for the consummation of the TechCo Closing. 

5.11 Additional Conditions to the Jinqiao Closing. The obligations of Visteon and YFV to consummate the Jinqiao Closing are
subject to the satisfaction or waiver of the following conditions as of the Jinqiao Closing Date. 
 (a) The YFV Closing shall
have occurred in accordance with the terms set forth herein. 
 (b) The Jinqiao Closing shall not occur prior to January 1,
2015. 
 5.12 Additional Conditions to the Tooling Closing. The obligations of Visteon and YFV to consummate the Tooling
Closing are subject to the satisfaction or waiver of the following conditions as of the Tooling Closing Date. 
 (a) The YFV
Closing shall have occurred in accordance with the terms set forth herein. 
 (b) The Tooling Closing shall not occur prior to
January 1, 2017. 
 5.13 Additional Condition to the Halol Closing. The obligations of Visteon and YFV to consummate
the Halol Closing are subject to the satisfaction or waiver of the following condition as of the Halol Closing Date. 

  
 37 

 (a) The YFV Closing shall have occurred in accordance with the terms set forth herein.

 (b) The Halol Closing shall not occur prior to January 1, 2017. 

ARTICLE VI 

TERMINATION 
 6.01 Termination. This Agreement may be validly terminated only prior to the YFV Closing and only as follows (it being understood and hereby agreed that this Agreement may not be terminated for any
other reason or on any other basis): 
 (a) by the mutual written consent of HASCO and Visteon at any time prior to the YFV
Closing; 
 (b) by HASCO, if there has been a material violation or material breach by Visteon of any covenant, representation
or warranty contained in this Agreement which has prevented the satisfaction of any condition to the obligations of HASCO at the YFV Closing and such violation or breach has not been waived by HASCO or cured by Visteon within thirty (30) days
after written notice thereof from HASCO (it being understood that HASCO shall not be permitted to terminate this Agreement pursuant to this Section 6.01(b) in respect of the breach set forth in such written notice at any time during such
thirty (30) day period); 
 (c) by Visteon, if there has been a material violation or material breach by HASCO or any other
party of any covenant, representation or warranty contained in this Agreement which has prevented the satisfaction of any condition to the obligations of Visteon at the YFV Closing and such violation or breach has not been waived by Visteon or cured
by HASCO or such other party within thirty (30) days after written notice thereof by Visteon (it being understood that Visteon shall not be permitted to terminate this Agreement pursuant to this Section 6.01(c) in respect of the
breach set forth in such written notice at any time during such thirty (30) day period); 
 (d) by either HASCO or Visteon
by written notice to the other in the event that any order of any Governmental Authority enjoining or otherwise prohibiting the YFV Closing shall have become final and non-appealable; or 

(e) by either HASCO or Visteon by written notice to the other if the YFV Closing has not been consummated by 5:00 p.m., Beijing time on
the date that is nine months following execution hereof; provided, however, that neither HASCO nor Visteon shall be entitled to terminate this Agreement pursuant to this Section 6.01(e) if such Person’s breach of this
Agreement has prevented the consummation of the transactions contemplated hereby. 
 6.02 Effect of Termination.

 (a) In the event of the termination of this Agreement by either HASCO or Visteon as provided above, the provisions of this
Agreement shall immediately become void and of no further force or effect (other than Section 4.09, this Section 6.02 and Article VII which shall survive the termination of this Agreement in accordance with their
terms), and there 

  
 38 

 
shall be no liability on the part of any of the parties to one another, except for breaches of covenants (including the failure of a party to timely consummate the transactions contemplated by
this Agreement following the satisfaction of all the conditions to such party’s obligations under Article III) and knowing or willful breaches of the representations and warranties contained in this Agreement in each case occurring at or
prior to the time of such termination. Nothing in this Article VI shall be deemed to impair the right of any party to compel specific performance by another party of its obligations under this Agreement. 

(b) For the avoidance of doubt, following the YFV Closing, neither this Agreement nor any covenant, representation or warranty contained
herein may be terminated. No party shall be permitted to rescind or unwind any Closing that has been consummated. 
 ARTICLE VII

 MISCELLANEOUS 
 7.01 Press Releases and Communications. No press release or public announcement related to this Agreement or the transactions contemplated herein or announcement or communication to the employees,
clients or suppliers of any party shall be issued or made by any other party hereto without the joint approval of HASCO and Visteon, unless required by Law (in the reasonable opinion of counsel) in which case HASCO and Visteon shall, to the extent
reasonably practicable, have the right to review such press release, announcement or communication prior to its issuance, distribution or publication. 
 7.02 Prevailing Party. In the event of a dispute between any of the parties hereto with respect to obligations under this Agreement, the prevailing party in any action or proceeding in any court or
arbitration in connection therewith shall be entitled to recover from such other party or parties (who shall be jointly and severally liable) its costs and expenses, including reasonable legal fees and associated court and arbitration costs.

 7.03 Notices. All notices, demands and other communications to be given or delivered under or by reason of the
provisions of this Agreement shall be in writing and shall be deemed to have been given (a) when personally delivered, (b) when transmitted via telecopy (or other electronic or facsimile device) to the number set out below if the sender on
the same day sends a confirming copy of such notice by a recognized overnight delivery service (charges prepaid), (c) the day following the day (except if not a business day then the next business day) on which the same has been delivered
prepaid to a reputable national overnight air courier service or (d) the third business day following the day on which the same is sent by certified or registered mail, postage prepaid. Notices, demands and communications, in each case to the
respective parties, shall be sent to the applicable address set forth below, unless another address has been previously specified in writing: 
  

			
	Notices to HASCO:
	
	HUAYU AUTOMOTIVE SYSTEMS COMPANY LIMITED
	489 Weihai Road
	Shanghai, 200041, PRC
	Attention:	  	Liang Jia
	Telephone:	  	(86) 21-22016888
	Facsimile:	  	(86) 21-22016999

  
 39 

			
	
	with a copy to:
	
	King and Wood Mallesons
	One ICC, Shanghai International Commerce Center
	999 Middle Huai Hai Road
	Shanghai, 200031, PRC
	Attention:	  	Richard Nie
	Telephone:	  	(86) 21-24126000
	Facsimile:	  	(86) 021-24126150
	
	Notices to Visteon:
	
	VIHI, LLC
	One Village Center Drive
	Van Buren Twp., MI 48111
	Attention:	  	Michael Sharnas
	Telephone:	  	(734) 710-7121
	Facsimile:	  	(734) 736-5560
	
	with copies to:
	
	Skadden, Arps, Slate, Meagher & Flom LLP
	155 North Wacker Dr.
	Chicago, IL 60606
	Attention:	  	Shilpi Gupta
	Telephone:	  	(312) 407-0700
	Facsimile:	  	(312) 407-8522
		
	and	  	
	
	Skadden, Arps, Slate, Meagher & Flom LLP
	42/F Edinburgh Tower
	The Landmark
	15 Queen’s Road Central
	Hong Kong
	Attention:	  	Jonathan B. Stone
	Telephone:	  	+852-3740-4700
	Facsimile:	  	+852-3740-4727

 7.04 Assignment. This Agreement and all of the provisions hereof shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and permitted assigns, except that neither this Agreement nor any of the rights, interests or obligations hereunder may be assigned or delegated by any party hereto without the
prior written consent of the other parties hereto. 

  
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 7.05 Confidentiality. 

(a) Prior to the last Closing Date and after any termination of this Agreement, the parties shall and shall cause their Affiliates,
officers, directors, employees, accountants, counsel, consultants, advisors and agents to hold, in confidence, all confidential documents and information concerning this Agreement or the transactions contemplated hereby. 

(b) Notwithstanding anything to the contrary above, any party may disclose the related confidential information (i) to the extent
required by applicable Law or any court or arbitration panel properly exercising jurisdiction over the relevant party, provided, however, that such party shall have used reasonable best efforts to obtain confidential treatment of the
confidential information so disclosed, (ii) to its officers, directors, employees and professional advisors as necessary to the performance of its obligations in connection herewith so long as such party advises each Person to whom the
confidential information is so disclosed as to the confidential nature thereof and the recipient of such confidential information is similarly bound by confidentiality obligations; and (iii) where such disclosure is made in connection with any
claim or potential claim arising from or in any way in connection with this Agreement and/or any transactions contemplated hereunder. For the avoidance of doubt, confidential information does not include information that (x) is or becomes
available to the public other than as a result of disclosure by the receiving party or its representatives in violation of this Section 7.05 or another obligation of confidentiality or (y) is or becomes available to the receiving
party from a Third Party not known by the receiving party to be in breach of any legal or contractual obligation not to disclose such information to it. 
 7.06 Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable Law, but if any provision of this Agreement
is held to be prohibited by or invalid under applicable Law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this
Agreement, and the parties shall amend or otherwise modify this Agreement to replace any prohibited or invalid provision with an effective and valid provision that gives effect to the intent of the parties to the maximum extent permitted by
applicable Law. 
 7.07 No Strict Construction. The language used in this Agreement shall be deemed to be the language
chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any Person. 
 7.08 Amendment and Waiver. Any provision of this Agreement or the Schedules or Exhibits hereto may be amended or waived only in a writing signed by HASCO and Visteon. No waiver of any provision
hereunder or any breach or default thereof shall extend to or affect in any way any other provision or prior or subsequent breach or default. 

  
 41 

 7.09 Complete Agreement. Except in the case of fraud or fraudulent misrepresentation,
this Agreement and the documents referred to herein and attached hereto, including the Schedules and Exhibits, contain the complete agreement between the parties hereto and supersede any prior understandings, agreements or representations by or
between the parties, written or oral, which may have related to the subject matter hereof in any way. 
 7.10
Counterparts. This Agreement may be executed in multiple counterparts (including by means of telecopied signature pages or electronic transmission as PDF), any one of which need not contain the signatures of more than one party, but all such
counterparts taken together shall constitute one and the same instrument. 
 7.11 Governing Law. This Agreement and any
claim, controversy or dispute arising under or related in any way to this Agreement shall be governed by and construed in accordance with the Laws of the PRC, without regard to its rules of conflict of laws thereof. 

7.12 Dispute Resolution. Unless otherwise provided by Law or in an Ancillary Agreement, any dispute, controversy or claim arising
out of, relating to or in connection with this Agreement or any Ancillary Agreement, including a dispute regarding the existence, validity, formation, effect, interpretation, performance or termination of this Agreement or any Ancillary Agreement,
shall be referred to and finally settled by arbitration. The arbitration shall be administered by the Singapore International Arbitration Centre (the “SIAC”) in accordance with its arbitration rules as then in force (the
“SIAC Rules”) when the Notice of Arbitration is submitted in accordance with the SIAC Rules, which Rules are deemed to be incorporated by reference into this clause. The place of arbitration shall be Singapore. The number of
arbitrators shall be three, whose appointment shall be in accordance with the SIAC Rules. Any award rendered by the arbitration tribunal shall be final and binding upon each party hereto and thereto, and judgment upon any award may be entered and
enforced in any court having jurisdiction. 
 7.13 No Third Party Beneficiaries. No Person other than the parties hereto
and their affiliates shall have any rights, remedies, obligations or benefits under any provision of this Agreement. 
 7.14
No Additional Representations; Disclaimer. Each of HASCO and Visteon acknowledge that it has conducted to its satisfaction an independent investigation and verification of the financial condition, results of operations, assets, liabilities,
properties and projected operations of the businesses and investments that are the subject of this Agreement. OTHER THAN AS EXPRESSLY SET FORTH HEREIN, NEITHER HASCO NOR VISTEON NOR ANY OTHER PARTY MAKES OR PROVIDES, AND HASCO AND VISTEON AND THE
OTHER PARTIES HEREBY WAIVE, ANY WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, AS TO THE QUALITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR CONDITION OF THE ASSETS OR ANY PART THEREOF OR THE INVESTMENTS THAT ARE BEING TRANSFERRED
HEREIN. HASCO AND VISTEON SPECIFICALLY ACKNOWLEDGE AND AGREE THAT, EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES OF THE PARTIES EXPRESSLY SET FORTH HEREIN, (I) HASCO AND VISTEON ARE ACQUIRING THE RESPECTIVE EQUITY INTERESTS HEREUNDER ON AN
“AS IS, WHERE IS” BASIS AND (II) NONE OF HASCO, VISTEON OR ANY OTHER PERSON (INCLUDING, ANY STOCKHOLDER, MEMBER, OFFICER, DIRECTOR, EMPLOYEE OR AGENT OF ANY OF THE FOREGOING, WHETHER IN ANY INDIVIDUAL, CORPORATE OR ANY OTHER CAPACITY) IS

  
 42 

 
MAKING, AND HASCO AND VISTEON ARE NOT RELYING ON, ANY REPRESENTATIONS, WARRANTIES, OR OTHER STATEMENTS OF ANY KIND WHATSOEVER, WHETHER ORAL OR WRITTEN, EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE,
AS TO ANY MATTER CONCERNING THE PARTIES, THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, OR THE ACCURACY OR COMPLETENESS OF ANY INFORMATION PROVIDED TO (OR OTHERWISE ACQUIRED BY) HASCO OR VISTEON OR ANY OF THEIR RESPECTIVE REPRESENTATIVES.

 7.15 Conflict Between Transaction Document. The parties hereto agree and acknowledge that to the extent any terms and
provisions of this Agreement are in any way inconsistent with or in conflict with any term, condition or provision of any other agreement, document or instrument contemplated hereby (including any Ancillary Agreement), this Agreement shall govern
and control. 
 7.16 Specific Performance. Without prejudice to any other rights or remedies that any of the parties
hereto may have, the parties hereto acknowledge and agree that damages alone would not be an adequate remedy for any breach of the terms of this Agreement and that irreparable damage would occur in the event that any of the provisions of this
Agreement were not performed and it is accordingly agreed that in the event of any breach or threatened breach by any party, any other party shall be entitled to the remedies of injunction, specific performance or other equitable relief for any
threatened or actual breach of the terms of this Agreement and to specifically enforce the terms and provisions of this Agreement to prevent breaches or threatened breaches of, or to enforce compliance with, the covenants and obligations of the
parties under this Agreement in any court or arbitral tribunal having jurisdiction, this being in addition to any other remedy to which any party is entitled at law or in equity. 

7.17 Language. This Agreement, all subsequent amendments or supplements hereto, and all dispute resolution pertaining hereto,
shall be in both the Chinese and English languages. Both language versions shall have equal effect. 
 * * * * * 

  
 43 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year
first above written. 
  

			
	VIHI, LLC
		
	 By:
	 	/s/ Michael K. Sharnas
	Name: Michael K. Sharnas
	Title: Vice President
	
	HUAYU AUTOMOTIVE SYSTEMS COMPANY LIMITED
		
	 By:
	 	/s/ Zhang Haitao
	Name: Zhang Haitao
	Title: General Manager
	
	YANFENG VISTEON AUTOMOTIVE TRIM SYSTEMS CO., LTD.
		
	 By:
	 	/s/ Shen Jianhua
	Name: Shen Jianhua
	Title: Chairman of the Board of Directors
	
	YANFENG VISTEON AUTOMOTIVE ELECTRONICS CO., LTD.
		
	 By:
	 	/s/ Daniel Alan Linder
	Name: Daniel Alan Linder
	Title: Chairman of the Board of Directors

  
  

  
 [Signature
Page to Master Agreement]

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