Document:

EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 9 
 This
Amendment No. 9, dated as of December 31, 2013 (this “Amendment”), to that certain Credit Agreement, dated as of August 7, 2007 (as amended by Amendment No. 1, dated as of November 21, 2008, Amendment
No. 2 and Consent, dated as of May 13, 2011, Amendment No. 3, dated as of March 9, 2012, Amendment No. 4, dated as of August 23, 2012, Amendment No. 5, dated as of October 4, 2012, Amendment No. 6, dated
as of February 6, 2013, Amendment No. 7, dated as of February 6, 2013 and Amendment No. 8, dated as of August 26, 2013, the “Credit Agreement”), among ALLISON TRANSMISSION HOLDINGS, INC., a Delaware
corporation (“Holdings”), ALLISON TRANSMISSION, INC., a Delaware corporation (the “Borrower”), the several banks and other financial institutions or entities from time to time parties thereto (the
“Lenders”), CITICORP NORTH AMERICA, INC., as Administrative Agent, and the other agents and arrangers parties thereto, is entered into by and among Holdings, the Borrower, the Agents, the New Term B-3 Lenders (as defined below), the
Revolving Lenders, the Issuing Lender and the Swingline Lender. Capitalized terms used herein but not defined herein are used as defined in the Credit Agreement. 

W I T N E S S E T
H: 
 WHEREAS, the Borrower has hereby notified the Administrative Agent and each Term Lender that it intends
to incur Specified Refinancing Debt pursuant to Section 2.26(b) of the Credit Agreement in order to refinance $650,000,000 of the outstanding principal amount of the Term B-2 Loans outstanding under the Credit Agreement immediately prior to the
Ninth Amendment Effective Date (as defined below) (the “Existing Term B-2 Loans”); 
 WHEREAS, pursuant to
Section 2.26(c) of the Credit Agreement, the Borrower may incur Specified Refinancing Debt by, among other things, entering into this Amendment pursuant to the terms and conditions of the Credit Agreement with Term Lenders agreeing to provide
such Specified Refinancing Debt; 
 WHEREAS, the Borrower has requested that (i) the new term Lenders party hereto
(each, a “New Term B-3 Lender”) and (ii) the Lenders holding Existing Term B-2 Loans that have executed and delivered a consent to this Amendment substantially in the form of Exhibit A hereto (a “Lender
Consent”) indicating the Rollover Settlement Option (each, a “Rollover Term B-3 Lender”) extend credit to the Borrower in the form of Term Loans in an aggregate principal amount of $650,000,000 (the “Additional Term
B-3 Loans”), the proceeds of which shall repay the Existing Term B-2 Loans; 
 WHEREAS, each New Term B-3 Lender has
indicated its willingness to lend such Additional Term B-3 Loans in the aggregate amount specified on its signature page to this Amendment on the terms and subject to the conditions herein; 

WHEREAS, each Rollover Term B-3 Lender has agreed to make Additional Term B-3 Loans on the Ninth Amendment Effective Date, in
an aggregate amount equal to such Rollover Term B-3 Lender’s Existing Term B-2 Loans (or such lesser amount as may be allocated to such Rollover Term B-3 Lender by the Administrative Agent), the proceeds of which shall be used to repay such
Lender’s Existing Term B-2 Loans, and has authorized the Administrative Agent to execute this Amendment on its behalf; 

WHEREAS, each Lender holding an Existing Term B-2 Loan that shall have executed and delivered a Lender Consent indicating the
“Assignment Settlement Option” (each, an “Assignment Term B-3 Lender”) has indicated its willingness to accept an Assignment and Assumption of Additional Term B-3 Loans from Citibank, N.A., as a New Term B-3 Lender, in an
aggregate amount equal to such Assignment Term B-3 Lender’s Existing Term B-2 Loans (or such lesser amount as may be allocated to such Assignment Term B-3 Lender by the Administrative Agent), and has authorized the Administrative Agent to
execute this Amendment on its behalf; 

 WHEREAS, the Borrower has requested that (i) the Revolving Lenders (including
the New Revolving Lenders (as defined below)) extend credit to the Borrower in the form of additional Revolving Commitments in an aggregate principal amount of up to $100,000,000 and (ii) the Required Lenders, the Revolving Lenders, the Issuing
Banks and the Swingline Lender amend the Credit Agreement to increase the aggregate amount of Revolving Commitments to $500,000,000 and to extend the Revolving Termination Date; 

WHEREAS, in the event this Amendment is approved by the Required Lenders but not all of the Revolving Lenders, the Borrower
desires to replace those Revolving Lenders that have not approved this Amendment (“Non-Consenting Lenders”) by causing such Non-Consenting Lenders to assign their Revolving Commitments to certain Assignees (each, a “New
Revolving Lender”) in accordance with Sections 2.24 and 10.6 of the Credit Agreement; 
 WHEREAS, (i) each New
Revolving Lender has indicated its willingness to purchase the Revolving Commitments of the Non-Consenting Lenders and (ii) each Revolving Lender (including each New Revolving Lender) has indicated its willingness to provide Revolving
Commitments in the aggregate amount set forth next to such Revolving Lender’s name on Schedule I hereto (which schedule shall reflect the purchases described in clause (i) above) on the terms and subject to the conditions herein;

 WHEREAS, the Borrower has requested that the Required Lenders and the Issuing Lender amend the Credit Agreement to
increase the L/C Commitment to $75,000,000 and that the Required Lenders amend the Credit Agreement in certain other respects as set forth in Section 3 below; and 

WHEREAS, each New Term B-3 Lender, each Rollover Term B-3 Lender, each Revolving Lender (including each New Revolving Lender),
the Issuing Lender, the Swingline Lender and each Term Lender that shall have executed and delivered a Lender Consent indicating its “Consent Only” (which Lenders collectively constitute the Required Lenders) have agreed subject to the
terms and conditions set forth herein to amend the Credit Agreement as set forth in Section 3 below and have authorized the Administrative Agent to execute this Amendment on its behalf, 

NOW, THEREFORE, in consideration of the premises and agreements, provisions and covenants herein contained, the
parties hereto agree as follows: 
 SECTION 1. ADDITIONAL TERM B-3 LOANS. 

1.1 Additional Term B-3 Loans. Each Rollover Term B-3 Lender hereby agrees to make Additional Term B-3 Loans up to the aggregate
amount of the aggregate principal amount of such Lender’s Existing Term B-2 Loans on the Ninth Amendment Effective Date (as defined in Section 4 below). Each New Term B-3 Lender hereby agrees to make Additional Term B-3 Loans up to the
aggregate amount specified on such New Term B-3 Lender’s signature page to this Amendment on the Ninth Amendment Effective Date. Pursuant to Section 2.26 of the Credit Agreement, the Additional Term B-3 Loans shall have the terms set forth
in this Amendment and in the Credit Agreement (as amended by this Amendment). 
 1.2 Use of Proceeds. The proceeds of the
Additional Term B-3 Loans shall be applied toward the payment of (a) the aggregate outstanding principal amount of the Existing Term B-2 Loans and (b) fees, expenses and original issue discount payable in connection with the Additional
Term B-3 Loans. 

  
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 1.3 Credit Agreement Governs. Effective as of the Ninth Amendment Effective Date,
except as set forth in this Amendment, (a) the Additional Term B-3 Loans shall have identical terms as the Term B-3 Loans made pursuant to the Eighth Amendment and shall otherwise be subject to the provisions, including any provisions
restricting the rights, or regarding the obligations, of the Loan Parties or any provisions regarding the rights of the Term Lenders, of the Credit Agreement and the other Loan Documents, (b) the Additional Term B-3 Loans shall be Specified
Refinancing Debt and Specified Refinancing Term Loans under the Credit Agreement, (c) this Amendment (other than Sections 2 and 3 hereof) shall be a Refinancing Amendment under the Credit Agreement, (d) all references to the Term B-3 Loans
shall be deemed to refer to the existing Term B-3 Loans and the Additional Term B-3 Loans, (e) the definitions of “Additional Term B-3 Loans” and “Term B-3 Loans” in the Credit Agreement are hereby amended and restated in
its entirety to read as follows below and (f) the definition of, “Ninth Amendment” and “Ninth Amendment Effective Date”, shall hereby be inserted into Section 1.1 of the Credit Agreement in the correct alphabetical
order: 
 “Additional Term B-3 Loans”: the term loans made pursuant to the Ninth Amendment on the Ninth Amendment Effective
Date. 
 “Ninth Amendment”: Amendment No. 9 to the Credit Agreement, dated as of December 31, 2013, among
Holdings, the Borrower, the Administrative Agent, the Collateral Agent and the Lenders party thereto. 
 “Ninth Amendment Effective
Date”: as defined in the Ninth Amendment. 
 “Term B-3 Loans”: the Term B-3 Loans issued on the Eighth Amendment
Effective Date and the Additional Term B-3 Loans. 
 SECTION 2. ADDITIONAL REVOLVING LOANS 

Effective as of the Ninth Amendment Effective Date upon satisfaction of the conditions precedent set forth in Section 4.2; 

2.1 Additional Revolving Commitments. Subject to the terms and conditions of the Credit Agreement (as amended hereby), each New
Revolving Lender severally agrees to make Revolving Loans in Dollars to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s
Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. 

2.2 Credit Agreement Governs. (a) the Revolving Commitments of each New Revolving Lender shall have identical terms as the
existing Revolving Commitments and shall otherwise be subject to the provisions, including any provisions restricting the rights, or regarding the obligations, of the Loan Parties or any provisions regarding the rights of the Revolving Lenders, of
the Credit Agreement (as amended hereby) and the other Loan Documents and (b) each New Revolving Lender agrees that it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of its Revolving
Commitment, shall have the obligations of a Lender thereunder. To the extent not already a Lender, each New Revolving Credit Lender shall become Lenders under the Credit Agreement. 

  
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 SECTION 3. ADDITIONAL AMENDMENTS TO THE LOAN DOCUMENTS 

Effective as of the Ninth Amendment Effective Date (as defined in Section 4 below) and subject to the satisfaction of the conditions 4.2;

 3.1 Part A of Schedule I to the Credit Agreement is hereby amended and restated in its entirety an replaced with Schedule I
attached hereto. 
 3.2 The definition of “Pricing Grid” in Section 1.1 of the Credit Agreement is hereby amended by
(i) replacing the table with respect to the Revolving Credit Facility in such definition with the following: 
  

													
	 Total

Leverage Ratio
	  	Applicable
Interest Margin
for LIBO Rate
Loans	 	 	Applicable
Margin for
Base Rate Loans	 	 	Applicable
Commitment
Fee Rate	 
	 >4.00:1.00
	  	 	2.25	% 	 	 	1.25	% 	 	 	0.375	% 
	 £4.00:1.00 and

>3.50:1.00
	  	 	2.00	% 	 	 	1.00	% 	 	 	0.375	% 
	 £3.50:1.00
	  	 	1.75	% 	 	 	0.75	% 	 	 	0.25	% 

 and (ii) replacing each occurrence of the phrase “Total Senior Secured Leverage Ratio” in the last paragraph of
such definition with “Total Leverage Ratio”. 
 3.3 Section 1.1 of the Credit Agreement is hereby amended by (i) deleting
in whole the definition of “Scheduled Revolving Termination Date” and replacing every occurrence of such definition in the Credit Agreement with “Revolving Termination Date” and (ii) amending the following definitions to be
replaced in their entirety as follows: 
 “L/C Commitment”: $75,000,000. 

“Revolving Commitments”: as to any Lender, the obligation of such Lender, if any, to make Revolving Loans and participate in
Swingline Loans and Letters of Credit in an aggregate principal and/or face amount not to exceed the amount set forth under the heading “Revolving Commitment” on Schedule I, or, as the case may be, in the Assignment and Assumption pursuant
to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. As of the Ninth Amendment Effective Date, the aggregate amount of the Revolving Commitments is $410,000,000, provided that, at the
request of the Borrower, on or prior to February 15th, 2014, up to $90,000,000 of additional Revolving Commitments may be provided by one or more Persons identified by the Borrower and agreeing to provide such Revolving Commitments so long as no
Revolving Loans are outstanding at the time of such increase and, following such request, the Administrative Agent may approve such Persons (with the consent of each Issuing Lender and the Swingline Lender and following receipt of any information
from such Persons requested by the Administrative Agent, including an administrative questionnaire) to provide such additional Revolving Commitments; provided, further that such Persons deliver executed signature pages to this Agreement upon which
such Persons shall be Revolving Lenders and Schedule I shall be updated by the administrative Agent to reflect such additional Revolving Commitments. 

“Revolving Termination Date”: January 27, 2019. 

3.4 Section 1.1 of the Credit Agreement is hereby amended by inserting, it is proper alphabetical order, the following new definitions:

 “Financial Covenant”: the covenant contained in Section 7.1(a). 

“Financial Covenant Event of Default”: as defined in Section 8(k). 

  
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 3.5 Section 6.2(c) is hereby amended and restated in its entirety as follows: 

as soon as available, but in any event not later than 60 days after the end of each fiscal year of the Borrower, a detailed consolidated budget
for the following fiscal year (including a projected consolidated balance sheet of the Borrower and its Subsidiaries as of the end of the following fiscal year and the related consolidated statements of projected cash flow and projected income
(collectively, the “Annual Operating Budget”)); provided, that delivery of such Annual Operating Budget shall not be required so long as Holdings or the Borrower is required to make public filings to the holders of any class
of its debt or public equity securities with the SEC; 
 3.6 Section 7.1(a) of the Credit Agreement is hereby amended and restated in
its entirety as follows: 
 As of the end of each fiscal quarter of the Borrower for so long as any Revolving Commitment remains outstanding
or any Obligations remain outstanding to any Revolving Lender, except with the written consent of the Majority Revolving Facility Lenders, permit the Total Senior Secured Leverage Ratio of the Borrower for any period of four consecutive fiscal
quarters of the Borrower ending as of the last day of such fiscal quarter to exceed 5.50:1.00. 
 Notwithstanding the foregoing, if on the
last day of any fiscal quarter for which the Total Senior Secured Leverage Ratio is tested pursuant to the prior sentence, the Total Senior Secured Leverage Ratio exceeds the applicable ratio set forth above by not more than 0.50:1.00 (after giving
effect to the application of any Specified Equity Contribution for such fiscal quarter, if applicable), the Borrower may elect by written notice to the Administrative Agent to be delivered any time on or after the first day and prior to the day that
is ten Business Days after the day on which financial statements are required to be delivered for such fiscal quarter pursuant to Section 6.1 to increase the Applicable Margin by 0.25% for the next fiscal quarter (retroactive to the first day
of such fiscal quarter) and upon such election the Borrower shall be deemed to be in compliance with this Section 7.1(a) (the “Rate-Based Cure”); provided that the Rate-Based Cure shall only be available for any four
separate fiscal quarter periods (but no more than two consecutive fiscal quarter periods) during the term of the Facilities. The Rate-Based Cure shall be separate and apart from a Specified Equity Contribution made pursuant to clause (b) below
and both may be applied in the same fiscal quarter. 
 3.7 Section 8(c) of the Credit Agreement is hereby amended and restated in its
entirety as follows: 
 Any Loan Party shall default in the observance or performance of any agreement contained in Section 6.7(a) or
Section 7 (other than the Financial Covenant); or 
 3.8 Section 8 of the Credit Agreement is hereby amended by deleting the word
“or” after the end of clause (j) thereof and adding the following new clauses (k) and (l) in the correct alphabetical order: 

(k) Solely with respect to the Revolving Loans, Swingline Loans and the Letters of Credit, the Borrower shall fail to observe or perform the
Financial Covenant (“Financial Covenant Event of Default”); provided that notwithstanding anything to the contrary in this Agreement or the other Loan Documents, a Financial Covenant Event of Default shall not constitute an
Event of Default with respect to any Term Loans except as set forth in clause (l) below; or 

  
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 (l) With respect to the Term Loans, any Financial Covenant Event of Default shall have occurred
and the Majority Revolving Facility Lenders shall, as a result of such event, (i) terminate the Revolving Commitments or (ii) declare the Revolving Loans then outstanding to be due and payable prior to the Revolving Termination Date, in
whole or in part; provided that no Event of Default shall remain continuing under this clause upon the Majority Revolving Facility Lenders rescinding such acceleration and/or waiving such Financial Covenant Cross Default with respect to the
Revolving Loans. 
 3.9 Section 8 of the Credit Agreement is hereby amended by amending and restating the last paragraph thereof to read
in its entirety as follows: 
 then, and in any such event, (A) if such event is an Event of Default specified in
clause (i) or (ii) of paragraph (f) above with respect to the Borrower, automatically the Commitments shall immediately terminate and the Loans hereunder (with accrued interest thereon) and all other Obligations owing under this
Agreement and the other Loan Documents shall immediately become due and payable, and (B) if such event is any other Event of Default, either or both of the following actions may be taken: (i) the Administrative Agent may, with the consent
of, and shall, upon the request of, the Required Lenders (or, with respect to a Financial Covenant Event of Default, the consent of the Majority Revolving Facility Lenders only, and in such case, without limiting Section 8(l)), by notice to the
Borrower declare the Revolving Commitments to be terminated forthwith and declare the Revolving Loans hereunder (with accrued interest thereon) and all other Obligations owing to any Revolving Lender, Swingline Lender or Issuing Lender under this
Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable and the Revolving Commitments shall immediately terminate; and (ii) except with respect to an Event of Default
specified in Section 8(k), the Administrative Agent may, with the consent of, and shall, upon the request of, the Required Lenders declare the Loans hereunder (with accrued interest thereon) and all other Obligations owing under this Agreement
and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable. In the case of all Letters of Credit with respect to which presentment for honor shall not have occurred at the time of an
acceleration pursuant to this paragraph, the Borrower shall at such time deposit in a cash collateral account opened by the Administrative Agent an amount equal to the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts
held in such cash collateral account shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been backstopped or
been fully drawn upon, if any, shall be applied to repay other obligations of the Borrower hereunder and under the other Loan Documents. After all such Letters of Credit shall have expired or been fully drawn upon, all Reimbursement Obligations
shall have been satisfied and all other obligations of the Borrower then due and owing hereunder and under the other Loan Documents shall have been paid in full, the balance, if any, in such cash collateral account shall be returned to the Borrower
(or such other Person as may be lawfully entitled thereto). Except as expressly provided above in this Section or otherwise in any Loan Document, presentment, demand and protest of any kind are hereby expressly waived by the Borrower. 

3.10 Section 1.1 of the Guarantee and Collateral Agreement is hereby amended by deleting the definition of “Guarantors” therein,
so that such term shall have the meaning given to it in the Credit Agreement pursuant to Section 1.1(a) of the Guarantee and Collateral Agreement. 

  
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 SECTION 4. CONDITIONS PRECEDENT  

4.1 Additional Term B-3 Loans. The making of the Additional Term B-3 Loans on the date hereof (the “Ninth Amendment
Effective Date”) shall be subject to the following conditions precedent having been satisfied or duly waived: 
 (a) Certain
Documents. The Administrative Agent shall have received each of the following, in form and substance satisfactory to the Administrative Agent: 

(i) this Amendment, duly executed by each of the Borrower, Holdings, the Administrative Agent and each New Term B-3 Lender;

 (ii) Lender Consents duly executed by each Rollover Term B-3 Lender and each Assignment Term B-3 Lender; 

(iii) a solvency certificate signed by the chief financial officer on behalf of the Borrower, substantially in the form of
Exhibit G of the Credit Agreement; 
 (iv) a closing certificate of each Loan Party, substantially in the form of
Exhibit B hereto, with appropriate insertions and attachments; and 
 (v) an executed legal opinion of Latham
& Watkins LLP, counsel to the Loan Parties, in form and substance reasonably acceptable to the Administrative Agent. 
 (b) Fees and
Expenses. The Borrower have paid in full on the Ninth Amendment Effective Date: 
 (i) all fees and reimbursable expenses that
have been invoiced as of the Ninth Amendment Effective Date that are due and payable to any Person under any engagement letter entered into in connection with this Amendment; 

(ii) to each Term Lender that shall have executed and delivered a Lender Consent, an amendment fee in the amount of 0.125% of the aggregate
outstanding amount of such Lender’s Term Loans (other than (x) Existing Term B-2 Loans of any Rollover Term B-3 Lender that are converted to Term B-3 Loans on the Ninth Amendment Effective Date and (y) Existing Term B-2 Loans of any
Assignment Term B-3 Lender that repaid on the Ninth Amendment Effective Date). 
 (c) Representations and Warranties. Each of
the representations and warranties contained in Section 5 below shall be true and correct. 
 (d) USA Patriot Act. The Additional
Term B-3 Lenders shall have received from each of the Loan Parties documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including,
without limitation, the USA Patriot Act, to the extent such documentation or other information has been requested in writing at least five (5) Business Days prior to the Ninth Amendment Effective Date. 

4.2 Additional Revolving Commitments and other Amendments to Loan Documents. Notwithstanding the occurrence
of the Ninth Amendment Effective Date, the amendments to the Credit Agreement contained in Sections 2 and 3 above shall be subject to the following conditions precedent having been satisfied or waivered on the Ninth Amendment Effective Date:

  
 7 

 (a) The Ninth Amendment Effective Date shall have occurred and the conditions precedent set forth
in Section 4.1 shall have been satisfied; 
 (b) Certain Documents. The Administrative Agent shall have received each of the
following, in form and substance satisfactory to the Administrative Agent: 
 (i) this Amendment, duly executed by each of
the Borrower, Holdings, the Administrative Agent, each New Term B-3 Lender, each Revolving Lender (including each New Revolving Lender), the Swingline Lender and the Issuing Lender; and 

(ii) Lender Consents duly executed by Rollover Term B-3 Lenders and other Term Lenders indicating “Consent Only”
that, collectively with the Revolving Lenders (other than the New Revolving Lenders) and the New Term B-3 Lenders that have duly executed this Amendment, constitute the Required Lenders. 

(c) Interest and other Amounts. The Borrower shall have paid in full in cash to the Administrative Agent (i) for the benefit of the
Revolving Lenders, all accrued and unpaid interest and commitment fees owing to the Lenders that are Revolving Lenders under the Credit Agreement immediately prior to giving effect to the Ninth Amendment Effective Date and (ii) for the benefit
of the Non-Consenting Lenders, all amounts owing to any Non-Consenting Lender under Section 2.19, 2.20 or 2.21 of the Credit Agreement. 

(d) Fees. The Borrower shall have paid in full on the Ninth Amendment Effective Date to each Revolving Lender party hereto a fee in the
amount equal to 0.50% of such Revolving Lender’s Revolving Commitment set forth on Schedule I hereto. 
 (e) USA Patriot
Act. The New Revolving Lenders shall have received from each of the Loan Parties documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and
regulations, including, without limitation, the USA Patriot Act, to the extent such documentation or other information has been requested in writing at least five (5) Business Days prior to the Ninth Amendment Effective Date. 

4.3 Notwithstanding anything herein to the contrary, the Term B-3 Loans shall be made on the Ninth Amendment Effective Date as contemplated by
Section 1 of this Amendment, irrespective of whether the conditions precedent set forth in Section 4.2 have been satisfied. 
 SECTION 5.
REPRESENTATIONS AND WARRANTIES 
 Each of Holdings and the Borrower, on behalf of itself and each Loan Party, hereby represents and
warrants to the Agents and each Lender, with respect to all Loan Parties, as follows: 
 5.1 Incorporation of Representations
and Warranties from Loan Documents. After giving effect to this Amendment, each of the representations and warranties in the Credit Agreement and in the other Loan Documents are true and correct in all material respects (except to the extent
that such representation or warranty is qualified as to materiality, in which case it shall be true and correct in all respects) on and as of the date hereof as though made on and as of such date, except to the extent that any such representation or
warranty expressly relates to an earlier date; 
 5.2 Corporate Power and Authority. Each of Holdings and the Borrower
has taken all necessary action to authorize the execution, delivery and performance of this Amendment, this Amendment has been duly executed and delivered by each of Holdings and the Borrower, and this

  
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Amendment is the legal, valid and binding obligation of each of Holdings and the Borrower, enforceable against it in accordance with its terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles; and 

5.3 Absence of Default. Neither Holdings, the Borrower nor any of its Restricted Subsidiaries is in violation of any
Requirement of Law or Contractual Obligation that could reasonably be expected to have a Material Adverse Effect. At the time of and immediately after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.

 SECTION 6. LENDER ASSIGNMENT AND ASSUMPTION, CONSENTS AND WAIVERS 

6.1 Rollover of Term B-2 Loans. Each Rollover Term B-3 Lender agrees that, upon the Ninth Amendment Effective Date, all
(or such lesser amount as the Administrative Agent may allocate to such Lender) of its Existing Term B-2 Loans shall be converted to Term B-3 Loans under the Credit Agreement, and such Existing Term B-2 Loans shall be deemed repaid in full on the
Ninth Amendment Effective Date, including for all accrued and unpaid interest, fees, expenses and other compensation owed to such Rollover Term B-3 Lender and due and payable by the Borrower pursuant to the Credit Agreement and this Amendment.

 6.2 Assignment of Term B-2 Loans. The Existing Term B-2 Loans of each Lender (other than the Loans converted to Term B-3
Loans pursuant to clause (a) above) shall be repaid in full on the Ninth Amendment Effective Date, including for all accrued and unpaid interest, fees, expenses and other compensation owed to such Lender and due and payable by the Borrower
pursuant to the Credit Agreement and this Amendment. Each Assignment Term B-3 Lender agrees to purchase pursuant to an Assignment and Assumption in accordance with Section 10.06 of the Credit Agreement on or immediately after the Ninth
Amendment Effective Date and assume from a Lender designated by the Administrative Agent Term B-3 Loans in an amount equal to the principal amount of such repayment (or such lesser amount as the Administrative Agent may allocate to such Lender).

 6.3 Omnibus Assignment and Assumption. On the Ninth Amendment Effective Date upon satisfaction of the conditions
precedent in Section 4.2, each New Revolving Lender (each, an “Assignee”) hereby purchases and assumes from each existing Revolving Lender having Revolving Commitments outstanding immediately prior to the Ninth Amendment
Effective Date (including each Non-Consenting Lender) (each an “Assignor”), and each Assignor hereby sells and assigns, or is deemed to sell and assignee pursuant to Section 2.24 of the Credit Agreement, to each Assignee,
without recourse or warranty, all of such Assignor’s rights and obligations under the Credit Agreement with respect to Revolving Commitments, any Revolving Loans and participations in Letters of Credit and any Swingline Loans, to be allocated
among Assignees as set forth on Schedule I hereto, to the extent that such Assignor’s Revolving Commitments will be reduced by giving effect to this Amendment and such Assignee’s Revolving Commitments will be increased by giving
effect to this Amendment. 
 6.4 New Revolving Lenders. Each Assignee, (a) agrees that it will, independently and
without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit
Agreement, (b) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the
terms thereof, together with such powers as are reasonably incidental thereto, (c) agrees that it will perform in accordance with their terms all of the obligations that, by the terms of the Credit Agreement, are required to be performed by it
as a Lender, (d) represents and warrants that it (i) is an Assignee (as defined in the Credit Agreement), (ii) 

  
 9 

 
has full power and authority, and has taken all actions necessary, to execute and deliver this Amendment and to consummate the transactions contemplated hereby and (iii) is sophisticated
with respect to decisions to acquire assets of the type represented by the Commitments and either it or the Person exercising discretion in making the decision to acquire the Commitments of such New Revolving Lender is experienced in acquiring
assets of such type, (e) confirms it has received or has been given the opportunity to receive such documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Amendment and become a
party to the Credit Agreement and to assume its Commitments independently and without reliance upon the Administrative Agent or any Lender, (f) has specified its Domestic Lending Office (and address for notices) and Eurodollar Lending Office in
writing to the Administrative Agent and (g) if applicable, has delivered to the Administrative Agent two properly completed Forms W-8BEN, W-8ECI or successor or form prescribed by the Internal Revenue Service of the United States, certifying
that such New Revolving Lender is entitled to receive all payments under the Credit Agreement and the Notes payable to it without deduction or withholding of any United States federal income taxes. 

6.5 Existing Revolving Lenders. Each Assignor party hereto (a) represents and warrants that (i) it is the legal
and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim and (ii) it has full power and authority, and has taken all actions necessary, to execute and deliver this
Amendment and to consummate the transactions contemplated hereby, (b) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Credit
Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other Loan Document, any other
instrument or document furnished pursuant thereto or any collateral thereunder, and (c) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower and any other Loan Party or the
performance or observance by the Borrower and any other Loan Party of any of its obligations under the Credit Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto. 

6.6 Waivers. Each Assignor party hereto and each Assignee hereby waive the requirements and benefits of
Section 10.6(b)(ii)(A) and (B) of the Credit Agreement solely with respect to the assignments made pursuant to this Section 6. Notwithstanding anything herein to the contrary, each Assignor, Rollover Term B-3 Lender and Assignment
Term B-3 Lender hereby waives the payment of any breakage loss or expense under Section 2.21 of the Credit Agreement in connection with the repayment of Existing Term B-2 Loans or the assignments made pursuant to this Section 6 on the
Ninth Amendment Effective Date. Each Rollover Term B-3 Lender and Assignment Term B-3 Lender hereby waives the notice provisions of Section 2.11(a) of the Credit Agreement with respect to the repayment of its Existing Term B-2 Loans
contemplated by Sections 6.1 and 6.2, as applicable. 
 6.7 Consent. The Borrower, Administrative Agent, each Issuing
Lender and the Swingline Lender hereby consent to the assignments made pursuant to this Section 6. 
 SECTION 7. MISCELLANEOUS 

7.1 Reference to and Effect on the Loan Documents.  

(a) As of the Ninth Amendment Effective Date, each reference in the Credit Agreement to “this Agreement,”
“hereunder,” “hereof,” “herein,” or words of like import, and each reference in the other Loan Documents to the Credit Agreement (including, without limitation, by means of words like
“thereunder”, “thereof” and words of like import), shall mean and be a reference to the Credit Agreement as amended by this Amendment. 

  
 10 

 (b) Except as expressly amended hereby, all of the terms and provisions of the Credit Agreement
and all other Loan Documents are and shall remain in full force and effect and are hereby ratified and confirmed. 
 (c) The execution,
delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Administrative Agent, any Lender or any Issuing Lender under the Credit Agreement or any Loan
Document, or constitute a waiver or amendment of any other provision of the Credit Agreement or any Loan Document (as amended hereby) except as and to the extent expressly set forth herein. 

7.2 Costs and Expenses. The Borrower agrees to reimburse the Administrative Agent for its costs and expenses in connection
with this Amendment (and the other Loan Documents delivered in connection herewith) as provided in Section 10.5 of the Credit Agreement.  

7.3 Reaffirmation. Each of Holdings and the Borrower hereby confirms that the guaranties, security interests and liens
granted pursuant to the Loan Documents continue to guarantee and secure the Obligations as set forth in the Loan Documents and that such guaranties, security interests and liens remain in full force and effect. Each of Holdings and the Borrower
confirms and ratifies its obligations under each of the Loan Documents executed by it after giving effect to this Amendment.  

7.4 Counterparts. This Amendment may be executed in any number of counterparts and by different 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. Receipt by the Administrative Agent of a facsimile copy of an executed signature page hereof
shall constitute receipt by the Administrative Agent of an executed counterpart of this Amendment.  
 7.5 Governing
Law. This Amendment and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the law of the State of New York. 

7.6 Loan Document and Integration. This Amendment is a Loan Document, and together with the other Loan Documents,
incorporates all negotiations of the parties hereto with respect to the subject matter hereof and is the final expression and agreement of the parties hereto with respect to the subject matter hereof. 

7.7 Headings. Section headings contained in this Amendment are included herein for convenience of reference only and shall not
constitute a part of this Amendment for any other purposes. 
 7.8 Waiver of Jury Trial. EACH OF THE PARTIES HERETO IRREVOCABLY
WAIVES TRIAL BY JURY IN ANY ACTION OR PROCEEDING WITH RESPECT TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT. 
 [SIGNATURE
PAGES FOLLOW] 

  
 11 

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

					
	 ALLISON TRANSMISSION HOLDINGS, INC.

		
	By:	 	/s/ David S. Graziosi
		 	Name:	 	David S. Graziosi
		 	Title:	 	 Executive Vice President,
 Chief Financial
Officer,
 Treasurer and Assistant Secretary

	
	ALLISON TRANSMISSION, INC.
		
	By:	 	/s/ David S. Graziosi
		 	Name:	 	 David S. Graziosi

		 	Title:	 	 Executive Vice President,
 Chief Financial
Officer,
 Treasurer and Assistant Secretary

 [AMENDMENT NO. 9 TO CREDIT AGREEMENT] 

 
			
	CITICORP NORTH AMERICA, INC., as Administrative Agent, Collateral Agent and Swingline Lender
		
	By:	 	/s/ Matthew Burke
		 	Name: Matthew Burke
		 	Title:   Vice President

  

			
	CITIBANK, N.A., as Issuing Lender
		
	By:	 	/s/ Matthew Burke
		 	Name: Matthew Burke
		 	Title:   Vice President

  
 [AMENDMENT NO. 9 TO
CREDIT AGREEMENT] 

 Name of Lender: CITIBANK, N.A. 
  

			
	Executing as a New Term B-3 Lender:
		
	      by	 	/s/ Matthew Burke
		 	Name: Matthew Burke
		 	Title:   Vice President

  

			
	For any Institution requiring a second signature line:
		
	      by	 	 
		 	Name:
		 	Title:

  

					
	 Credit Agreement Reference
	  	 Aggregate Principal Amount
	  	 
			
	 Additional Term B-3 Loan
	  	$174,409,628.94	  	

  
 [AMENDMENT NO. 9 TO
CREDIT AGREEMENT] 

 Name of
Lender:                                        
  
  

			
	Executing as a Revolving Lender:
		
	      by	 	 
		 	Name:
		 	Title:

  

			
	For any Institution requiring a second signature line:
		
	      by	 	 
		 	Name:
		 	Title:

  
 [AMENDMENT NO. 9 TO
CREDIT AGREEMENT] 

 Schedule I 

Commitments 
 A. Revolving Commitments

  

					
	 Lender
	  	Revolving Commitment	 
	 Citicorp North America, Inc.
	  	$	76,000,000	  
	 Barclays Bank PLC
	  	$	60,000,000	  
	 Merrill Lynch Capital Corporation
	  	$	60,000,000	  
	 JPMorgan Chase Bank, N.A.
	  	$	60,000,000	  
	 Fifth Third Bank
	  	$	35,000,000	  
	 Sumitomo Mitsui Banking Corporation
	  	$	35,000,000	  
	 BMO Harris Bank
	  	$	25,000,000	  
	 Deutsche Bank AG New York Branch
	  	$	24,000,000	  
	 Credit Suisse
	  	$	24,000,000	  
	 Morgan Stanley Bank, N.A.
	  	$	24,000,000	  
	 Goldman Sachs Bank USA
	  	$	12,000,000	  

 Exhibit A 

Term Lender Consent to Amendment No. 9 
 This Lender
Consent (“Lender Consent”) to Amendment No. 9 (the “Amendment”) to that certain Credit Agreement, dated as of August 7, 2007 (as amended by Amendment No. 1, dated as of November 21, 2008,
Amendment No. 2 and Consent, dated as of May 13, 2011, Amendment No. 3, dated as of March 9, 2012, Amendment No. 4, dated as of August 23, 2012, Amendment No. 5, dated as of October 4, 2012, Amendment
No. 6, dated as of February 6, 2013, Amendment No. 7, dated as of February 6, 2013 and Amendment No. 8, dated as of August 26, 2013, the “Credit Agreement”), among Allison Transmission Holdings, Inc., a
Delaware corporation, Allison Transmission, Inc., a Delaware corporation (the “Borrower”), the several banks and other financial institutions or entities from time to time parties thereto, Citicorp North America, Inc., as
Administrative Agent, and the other agents and arrangers parties thereto. Capitalized terms used but not defined in this Lender Consent have the meanings assigned to such terms in the Credit Agreement (as amended by the Amendment). 

The undersigned hereby irrevocably and unconditionally agrees to the following (check only ONE option): 

Rollover Settlement Option 
  

	 ̈	to approve the Amendment and to deem prepaid 100% of the outstanding principal amount of the Existing Term B-2 Loans held by such Lender (or such lesser amount allocated to such Lender by the Administrative Agent) with
proceeds of a new Term B-3 Loan in a like principal amount. 

 Assignment Settlement Option 

 

	 ̈	to approve the Amendment and to have 100% of the outstanding principal amount of the Existing Term B-2 Loans held by such Lender prepaid on the Ninth Amendment Effective Date and to purchase by assignment new Term B-3
Loans in a like principal amount (or such lesser amount allocated to such Lender by the Administrative Agent). 

 Consent Only 

 

	 ̈	solely to approve the amendments to the Credit Agreement contained in Sections 2 and 3 of the Amendment. 

 IN
WITNESS WHEREOF, the undersigned has caused this Lender Consent to be executed and delivered by a duly authorized signatory as of the              of December, 2013. 

 
  

(insert name of the legal entity above and check one or both boxes below) 

as a        ̈ Term B-2 Lender        ̈ Term B-3 Lender 
  

			
		
	      by	 	 
		 	Name:
		 	Title:

  

			
	For any Institution requiring a second signature line:
		
	      by	 	 
		 	Name:
		 	Title:

 Name of Fund Manager (if
applicable):                                       
  

 Exhibit B 

FORM OF CLOSING CERTIFICATE 

CLOSING CERTIFICATE 
 OF

 ALLISON TRANSMISSION HOLDINGS, INC. 

Pursuant to Section 2.1(d) of Amendment No. 9, dated as of December [    ], 2013 (the
“Amendment”; unless otherwise defined herein, terms defined in the Amendment and used herein shall have the meanings given to them in the Amendment), to that certain Credit Agreement, dated as of August 7, 2007 (as amended,
restated, supplemented or otherwise modified from time to time, including but not limited to, the Amendment, the “Credit Agreement”), among Allison Transmission Holdings, Inc. (“Holdings”), Allison Transmission,
Inc. (the “Borrower”), the several banks and other financial institutions or entities from time to time parties to the Credit Agreement as lenders (the “Lenders”), Citicorp North America, Inc., as Administrative
Agent, and the other agents and arrangers parties thereto, the undersigned Assistant Secretary of Allison Transmission Holdings, Inc. (the “Company”), hereby certifies on behalf of the Company as follows: 

 

	 	1.	Eric C. Scroggins is the duly elected and qualified Secretary of the Company and the signature set forth for such officer below is such officer’s true and genuine signature. 

 

	 	    	The undersigned Secretary of the Company hereby certifies as follows: 

  

	 	1.	Attached hereto as Annex 1 is a true and complete copy of a Certificate of Good Standing or the equivalent from the Company’s jurisdiction of organization dated as of a recent date prior to the date hereof.

  

	 	2.	Attached hereto as Annex 2 is a true and complete copy of resolutions duly adopted by the Board of Directors of the Company on [            ]. Such
resolutions have not in any way been amended, modified, revoked or rescinded, have been in full force and effect since their adoption to and including the date hereof and are now in full force and effect and are the only corporate proceedings of the
Company now in force relating to or affecting the matters referred to therein. 

  

	 	3.	Attached hereto as Annex 3 is a true and complete copy of the Bylaws of the Company as in effect on the date hereof. 

  

	 	4.	Attached hereto as Annex 4 is a true and complete certified copy of the Articles of Incorporation of the Company as in effect on the date hereof, and such Articles of Incorporation have not been amended,
repealed, modified or restated. 

  

	 	5.	The persons listed on Schedule I hereto are now duly elected and qualified officers of the Company holding the offices indicated next to their respective names on Schedule I hereto, and the signatures appearing opposite
their respective names on Schedule I hereto are the true and genuine signatures of such officers, and each of such officers is duly authorized to execute and deliver on behalf of the Company each of the Loan Documents to which it is a party and any
certificate or other document to be delivered by the Company pursuant to the Loan Documents to which it is a party. 

  

	 	6.	Latham & Watkins LLP may rely on this certificate in rendering its opinion. 

 IN WITNESS WHEREOF, the undersigned have hereunto set our names as of the date set forth below.

  

					
		 		 	ALLISON TRANSMISSION HOLDINGS, INC.
			
	 	 		 	 
	Name:  Eric C. Scroggins	 		 	Name: David S. Graziosi
	Title:    Vice President, General Counsel and Secretary	 		 	 Title:   Executive Vice President, Chief

            Financial Officer, Treasurer and

            Assistant Secretary

 Date: [            ], 2013 

[HOLDINGS SIGNATURE PAGE TO AMENDMENT NO. 4 CLOSING CERTIFICATE] 

 Schedule I 

to Closing Certificate 
  

					
	 NAME
	  	 OFFICE
	  	 SIGNATURE

	David S. Graziosi	  	Executive Vice President, Chief Financial Officer, Treasurer and Assistant Secretary	  	  

     

			
	Eric C. Scroggins	  	Vice President, General Counsel and Secretary	  	  

     

 Annex 1 

 Annex 2 

 Annex 3 

 Annex 4EX-10.1

 Exhibit 10.1 

CONSULTING AGREEMENT 
 This
Consulting Agreement (the “Agreement”) is made and entered into as of December 31, 2013 (the “Effective Date”), by and among Kennedy-Wilson, Inc., a Delaware corporation (the “Company”), Barry
S. Schlesinger (the “Professional”) and CV I R.E. Services, LLC, a Nevada limited liability company (“CV I” and together with the Professional, the “Consultant”). 

RECITALS 
 WHEREAS, the
Professional is the managing member of CV I; 
 WHEREAS, the Company wishes to engage the Consultant to provide consulting services as of the
Effective Date, on the terms and conditions herein provided; and 
 WHEREAS, the Consultant has agreed to be engaged by the Company to provide
consulting services as of the Effective Date, on the terms and conditions herein provided. 
 NOW, THEREFORE, in consideration of these recitals and
the respective covenants and agreements of the parties contained herein, and intending to be legally bound hereby, the parties hereto agree as follows: 

AGREEMENT 
  

	 	1.	Engagement; Retention as a Consultant. The Company shall retain the Consultant and the Consultant shall serve the Company as an independent consultant, on the terms and conditions set forth herein. CV I shall
direct and supervise the Professional in performing his duties. 

  

	 	2.	Term. Subject to each party’s right to terminate this Agreement as set forth below, the term of this Agreement (the “Initial Term”) shall commence on the Effective Date and shall expire on
the third annual anniversary of the Effective Date, unless earlier terminated in accordance with this Section 2. Upon expiration of the Initial Term, this Agreement shall automatically renew for successive one-year terms (each a
“Renewal Term”), unless a party provides written notice of non-renewal at least 30 days prior to expiration of the then-current (Initial or Renewal) Term. Notwithstanding anything to the contrary herein, either the Company or the
Consultant may terminate this Agreement with or without cause, at any time, by providing the other party with thirty days prior written notice of termination. Upon termination of this Agreement, the Consultant hereby agrees that if the Company
requests, the Consultant shall provide consulting services for a period of 30 days after termination of this Agreement upon the same terms set forth in this Agreement. The Initial and Renewal Term(s) shall be collectively referred to as the
“Term.” 

  

	 	3.	Consulting Services. During the Term, the Consultant shall, at the Company’s request, provide consulting services to the Company with respect to matters involving the operations of the Company, including,
without limitation, insurance, construction, environmental and risk management-related matters. The scope of the Consultant’s services shall be mutually agreed to between the Company and the Consultant from time-to-time. The Consultant shall
perform such services at times mutually agreeable to the Company and the Consultant. The services being provided by the Consultant are on a non-exclusive basis, and the Consultant shall be entitled to perform or engage in any activity for the
benefit of third parties not inconsistent with or otherwise prohibited by this Agreement, provided that the Consultant is able to continue to provide the requested services to the Company’s satisfaction. 

 

	 	4.	Access to Company Materials. During the Term, and subject to the provisions of Section 9 below, the Company shall grant the Consultant access on a confidential basis to records, files, equipment, employees
and consultants as reasonably required for the Consultant to perform the services contemplated herein. 

  

	 	5.	 Independent Contractor Status. The parties acknowledge and agree that the Consultant shall serve as an independent contractor and not as an
employee of the Company. The Company and CV I and the 

  
 1 

	 	
Professional hereby covenant with one another to treat and report the engagement of the Consultant as that of an independent contractor, and not an employee, for all purposes, including
(i) Federal, state and local income and employment taxes in any jurisdiction, (ii) benefits and (iii) insurance. 

  

	 	6.	Compensation; Benefits; Expenses. In exchange for the Consultant providing consulting services during the Term, the Company shall pay the Consultant in the aggregate: (i) a fee of fifty thousand dollars
($50,000) per calendar month during the Term; and (ii) reimbursement of reasonable and necessary costs and expenses incurred by the Consultant in the performance of consulting services pursuant to this Agreement and approved by the Company,
which shall be limited to amounts, and paid in accordance with the policies established by the Company from time to time. The fees paid to the Consultant under this Agreement may be modified or supplemented from time-to-time upon the mutual
agreement of the parties hereto. 

  

	 	7.	Taxes. The Consultant hereby agrees and understands that each of the Professional and CV I shall fully assume and be liable for any and all tax obligations on any payment or consideration paid directly or
indirectly to the Consultant or the Professional pursuant to this Agreement or otherwise with respect to services provided by the Consultant or the Professional to the Company at any time, and that the Professional and CV I shall be exclusively
liable for the payment of any and all Federal, state, and local taxes which may be determined to be due as a result of any such payment or consideration paid, including all required withholding and other related employer’s payroll taxes. The
Professional and CV I, jointly and severally, agree to indemnify and defend, and hold the Company and its directors, officers and employees harmless from and against any and all claims, damages, liabilities, judgments, losses, costs, penalties,
interest and expenses, including reasonable attorneys’ fees and costs, suffered or incurred as a result of any breach of this Agreement or any applicable tax statutes, regulations or rules by the Consultant or the Professional.

  

	 	8.	Business to be the Property of the Company. The Consultant agrees that any and all pre-existing Company businesses and all business development by it or by any of its employees or by any other employees of the
Company, including without limitation all sales contracts, property management contracts, fees, compensation records, client lists and agreements are and shall be the exclusive property of the Company for its sole use. Any and all work product
prepared by the Consultant pursuant to this Agreement shall be the sole and exclusive property of the Company. 

  

	 	9.	Confidentiality. The Consultant shall not use for its own benefit, or disclose to, or use for the benefit of any person outside the Company, any information not already lawfully available to the public concerning
any confidential information, including client lists, whether such information is embodied in writing or in any other tangible form or is in the memory of any member of the Consultant (“Confidential Information”). All Confidential
Information and all originals and copies of all Confidential Information, and any other written material relating to the business of the Company, shall be the sole property of the Company. Upon termination of this Agreement, the Consultant shall
promptly surrender to the Company all originals and copies of any Confidential Information. The Consultant agrees to take no action prejudicial to the interests of the Company during the term of this Agreement. 

 

	 	10.	Use of Name, Likeness and Biography. The Company shall have the right to use and grant to others the right to use the name, likeness and biography of the Consultant in connection with advertising, publicizing and
other exploitation of the Consultant’s services hereunder. 

  

	 	11.	Amendments. This Agreement may not be amended, nor shall any change, modification, consent or discharge be effective except by written instrument executed by all of the parties hereto. 

 

	 	12.	Assignment; Transfer. This Agreement may not be assigned by the Consultant except with the prior written consent of the Company. 

 

	 	13.	Indemnification. The Company agrees that, except as provided in Sections 7 and 8 hereof, it shall indemnify and hold harmless the Consultant to the same extent that the Company provides such indemnification to
its officers and directors under the Company’s Certificate of Incorporation and By-laws and subject to such limitations as are contained in the corporation law of the State of California. 

  
 2 

	 	14.	Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of California. The parties hereto hereby consent to the jurisdiction of any state or federal
court located within southern California, do not waive personal service or process, and assent that service of process may be made by registered mail to the parties; even if the Consultant is a resident of a State other than California.

  

	 	15.	No Membership; No Agency. The Consultant shall not hold itself out as an agent of the Company and shall have no power to bind the Company except as provided herein or otherwise granted to the Consultant by the
Company from time to time. 

  

	 	16.	Entire Agreement. This Agreement contains the entire Agreement and understanding between the parties hereto with respect to the subject matter hereof and supersedes any and all agreements that may have existed
between such parties. 

  

	 	17.	Notice. All notices or other communications required or permitted by this Agreement: (i) must be in writing; (ii) must be delivered to other parties at the addresses set forth below, or any other
address that a party may designate by notice to the other parties; and (iii) are considered delivered on the earlier of: (a) actual receipt of delivered personally or by an overnight delivery service; or (b) the end of the third
business day after the date of deposit in the United States mail, postage pre-paid, certified, return receipt requested. 

 If
to the Company: 
 Kennedy-Wilson, Inc. 

9701 Wilshire Boulevard Suite 700 

Beverly Hills, CA 90212 

Attention: General Counsel 
 If
to CV I: 
 CV I R.E. Services, LLC 

10100 Rossbury Place 
 Los
Angeles, CA 90064 
 If to Consultant: 

Barry Schlesinger 
 c/o CV I R.E.
Services, LLC 
 10100 Rossbury Place 

Los Angeles, CA 90064 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGES FOLLOWS] 

  
 3 

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

  

	
	KENNEDY-WILSON, INC.:
	
	 By: /s/ KENT
MOUTON                                       
 

	
	 Title: GENERAL COUNSEL
                          

	
	 PROFESSIONAL:

	
	 /s/ BARRY
SCHLESINGER                                      

	 Barry Schlesinger

	
	 CV I R.E. SERVICES, LLC:

	
	 Managing Member:

	
	 /s/ BARRY
SCHLESINGER                                      

	 Barry Schlesinger

  
 4

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