Document:

Shareholders Agreement, dated as of June 10, 2009

 Exhibit 10.13 
 Execution Version 
 SHAREHOLDERS AGREEMENT 

BY AND AMONG 
 FIAT NORTH AMERICA LLC, 
 THE UNITED STATES DEPARTMENT OF THE TREASURY, 

UAW RETIREE MEDICAL BENEFITS TRUST, 
 THE VEBA HOLDCOS SIGNATORY HERETO, 
 AND 

7169931 CANADA INC. 
  

 
 Dated as of June 10, 2009

  
  

 Table of Contents 

 

							
	 	 	 	  	Page	 
			
	ARTICLE I	 	CERTAIN DEFINITIONS	  	 	1	  
	 Section 1.1
	 	Specific Definitions	  	 	1	  
	ARTICLE II	 	CERTAIN COVENANTS AND RESTRICTIONS	  	 	1	  
	 Section 2.1
	 	[Reserved.]	  	 	1	  
	 Section 2.2
	 	Fiat Voting Trust	  	 	1	  
	 Section 2.3
	 	Cooperation	  	 	1	  
	 Section 2.4
	 	VEBA Voting Restriction	  	 	2	  
	 Section 2.5
	 	ERISA	  	 	2	  
	ARTICLE III	 	REGISTRATION RIGHTS	  	 	2	  
	 Section 3.1
	 	Shelf Registration	  	 	2	  
	 Section 3.2
	 	Demand Registration	  	 	4	  
	 Section 3.3
	 	Piggyback Registration	  	 	6	  
	 Section 3.4
	 	Postponement of Registration	  	 	7	  
	 Section 3.5
	 	Lock-Up Period	  	 	7	  
	 Section 3.6
	 	No Inconsistent Agreements	  	 	9	  
	 Section 3.7
	 	Registration Procedures	  	 	9	  
	 Section 3.8
	 	Participation in Underwritten Transfers	  	 	13	  
	 Section 3.9
	 	Cooperation by Management	  	 	14	  
	 Section 3.10
	 	Registration Expenses and Legal Counsel	  	 	14	  
	 Section 3.11
	 	Rule 144, Rule 144A and Regulation S, etc	  	 	14	  
	 Section 3.12
	 	Selection of Counsel	  	 	15	  
	ARTICLE IV	 	INDEMNIFICATION	  	 	15	  
	 Section 4.1
	 	Indemnification by the Company	  	 	15	  
	 Section 4.2
	 	Indemnification by Certain Holders of Registrable Securities	  	 	16	  
	 Section 4.3
	 	Indemnification Procedures	  	 	16	  
	 Section 4.4
	 	Survival	  	 	17	  
	ARTICLE V	 	REPRESENTATIONS AND WARRANTIES	  	 	17	  
	 Section 5.1
	 	Representations and Warranties of the Shareholders	  	 	17	  
	 Section 5.2
	 	Representations and Warranties of the Company	  	 	18	  
	ARTICLE VI	 	MISCELLANEOUS	  	 	18	  
	 Section 6.1
	 	Binding Effect; Assignment	  	 	18	  
	 Section 6.2
	 	Termination	  	 	19	  
	 Section 6.3
	 	Amendments and Waivers	  	 	19	  
	 Section 6.4
	 	Attorneys’ Fees	  	 	19	  
	 Section 6.5
	 	Notices	  	 	19	  
	 Section 6.6
	 	No Third Party Beneficiaries	  	 	21	  
	 Section 6.7
	 	Cooperation	  	 	21	  
	 Section 6.8
	 	Counterparts	  	 	21	  
	 Section 6.9
	 	Remedies.	  	 	21	  
	 Section 6.10
	 	GOVERNING LAW	  	 	22	  
	 Section 6.11
	 	WAIVER OF JURY TRIAL	  	 	22	  
	 Section 6.12
	 	Severability	  	 	22	  
	 Section 6.13
	 	Acknowledgments	  	 	22	  
	 Section 6.14
	 	After Acquired Securities	  	 	22	  
	 Section 6.15
	 	Strict Construction	  	 	22	  
		
	 DEFINITIONS ADDENDUM
	  			
		
	 EXHIBIT A: FIAT VOTING TRUST
	  			

 SHAREHOLDERS AGREEMENT 

This SHAREHOLDERS AGREEMENT, dated as of June 10, 2009 (this “Agreement”), by and among FIAT NORTH AMERICA LLC, a
Delaware limited liability company (“Fiat”), THE UNITED STATES DEPARTMENT OF THE TREASURY (“US Treasury”), 7169931 CANADA INC., a corporation organized under the laws of Canada (“Canada”), UAW
RETIREE MEDICAL BENEFITS TRUST, a voluntary employees’ beneficiary association trust (the “VEBA”), the VEBA Holdcos identified in the signature pages hereto who qualify as a VEBA Holdco under the Company LLC Agreement (as
defined herein) (each a “VEBA Holdco”, and collectively the “VEBA Holdcos”) and NEW CARCO ACQUISITION LLC, a Delaware limited liability company (the “Company”). 

RECITALS: 

WHEREAS, concurrently with the execution of this Agreement, each Member has executed a copy of the Company LLC Agreement, and has become
a member of the Company; and 
 WHEREAS, the Company and each of the other parties hereto (each such other party, a
“Shareholder”) desire to enter into this Agreement to provide for certain matters with respect to the ownership of the Company Equity Securities. 
 NOW, THEREFORE, in consideration of the premises and the representations, warranties, covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto hereby agree as follows: 

ARTICLE I 

CERTAIN DEFINITIONS 
 Section 1.1 Specific Definitions. As used in this Agreement, and unless the context requires a different meaning, the terms defined in the Definitions Addendum have the meanings specified or
referred to therein. 
 ARTICLE II 
 CERTAIN COVENANTS AND RESTRICTIONS 
 Section 2.1 [Reserved.]

 Section 2.2 Fiat Voting Trust. Prior to the Government Loan Termination Date, any Company Equity Securities held
by Fiat in excess of 35% of the fully diluted Company Equity Securities, by vote and value, shall be placed in a voting trust organized pursuant to a voting trust agreement in the form of Exhibit A, whose sole trustee has been approved by the
US Treasury. 
 Section 2.3 Cooperation. (a) The Company agrees that it will use its reasonable best efforts to
facilitate any exercise by Fiat or its successor or permitted assigns of (i) the call option (the “VEBA Call Option”) under the Call Option Agreement and (ii) the Alternative Call Option and the Incremental Equity Call
Option (each as defined in the Company LLC Agreement) and will use reasonable best efforts to avoid or eliminate any impediment and obtain all consents or waivers under any antitrust or competition law that may be asserted by any antitrust or
competition Governmental Entity, so as to enable the holder thereof to exercise any such call option. In addition, the Company agrees to use its reasonable best efforts to obtain any consent or to vacate or lift any order relating to antitrust or
competition law matters that would (or in the case of a consent, the absence of which would) have the effect of making any such call option illegal or otherwise prohibiting or materially delaying the exercise of any such call option. 

  
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 (b) The Company agrees that it will give any notices to third parties, and use commercially
reasonable efforts to obtain any third party consents, necessary, proper or advisable to consummate the call option, in whole or in part and will furnish to Fiat any necessary information and reasonable assistance as Fiat may request in connection
with any required governmental filings or submissions and will cooperate in responding to any inquiry from a Governmental Entity, including immediately informing Fiat of such inquiry, consulting with Fiat in advance before making any presentations
or submissions to a Governmental Entity, and supplying Fiat with copies of all material correspondence, filings or communications between any party and any Governmental Entity with respect to the call option. 

Section 2.4 VEBA Voting Restriction. For so long as any VEBA Entity owns any Membership Interests, each such VEBA Entity
agrees to vote its Membership Interests (except with respect to Major Decisions set forth in Section 10.7 in the event that Section 10.7 of the Company LLC Agreement is applicable) in accordance with the recommendations of the Independent
Directors of the Company in proportion to such recommendations. 
 Section 2.5 ERISA. Each Shareholder agrees to be
bound by the provisions of Section 13.1(d) and Section 13.1(i) of the Company LLC Agreement. 
 ARTICLE III

 REGISTRATION RIGHTS 
 Section 3.1 Shelf Registration. 
 (a) Subject to
Section 3.4, upon request of one or more Demand Members on the date that is the earlier of (i) six months following the consummation of an IPO and (ii) January 1, 2013 (such date, the “Registration
Trigger”), the Company (x) shall file with the SEC a Shelf Registration Statement relating to the offer and sale of all of the Registrable Securities held by the Demand Members from time to time in accordance with the methods of
distribution elected by such Demand Members and set forth in the Shelf Registration Statement and (y) shall use its reasonable best efforts to cause such Shelf Registration Statement to be declared effective under the Securities Act as promptly
as practicable after the filing thereof. 
 (b) Subject to Section 3.4, the Company shall use its reasonable best
efforts to keep such Shelf Registration Statement continuously effective under the Securities Act in order to permit the Prospectus forming a part thereof to be usable by the Demand Members until the earlier of (i) the date as of which all
Registrable Securities have been sold pursuant to the Shelf Registration Statement or another registration statement filed under the Securities Act (but in no event prior to the applicable period referred to in Section 4(3) of the Securities
Act and Rule 174 thereunder) and (ii) the date as of which all of such Demand Members are permitted to sell their Registrable Securities without registration pursuant to Rule 144 under the Securities Act without volume limitation or other
restrictions on transfer thereunder (such period of effectiveness, the “Shelf Period”). 
 (c) At any time
that a Shelf Registration Statement covering Registrable Securities pursuant to this Section 3.1 is effective, if any Demand Member hereto delivers a notice to the Company (a “Shelf Take-Down Notice”) stating that such
Shareholder intends to effect an offering of all or part of the Registrable Securities included by such Shareholder on the Shelf Registration Statement (a “Shelf Offering”) and stating the dollar amount of the Registrable Securities
to be included in such Shelf Offering, then the Company shall amend or supplement the Shelf Registration Statement as may be 

  
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necessary in order to enable such Registrable Securities and Other Securities, as the case may be, to be distributed pursuant to the Shelf Offering as contemplated by the Shelf Take-Down Notice
(taking into account, in the case of any underwritten public Shelf Offering, the inclusion of Other Securities by any other Persons). 
 (d) The number of Shelf Offerings with respect to any Demand Member in any 12-month period shall not exceed one and the number of Shelf Offerings together with any Demand Registrations with
respect to any Demand Member in any 12-month period shall not exceed two. A Demand Member shall not be entitled to initiate a Shelf Offering unless such Demand Member has requested to offer in such Shelf Offering either (i) together
with all other Persons, Registrable Securities having an aggregate principal amount of at least $50,000,000 or (ii) all of the Registrable Securities then held by such Demand Member. The aggregate number of Shelf Registration Statements and
Demand Registration Statements the Company shall be obligated to file under this Agreement shall not exceed ten (10), it being understood that the number of takedowns under any such Shelf Registration Statement shall be unlimited. No Shelf Offering
shall be required to be made by the Company for any Demand Member if it is within six (6) months of another registration that included such Demand Member’s Registrable Securities. 

(e) A Demand Member may withdraw its Registrable Securities from a Shelf Offering at any time by providing the Company with written
notice. Upon receipt of such written notice, the Company shall cease all efforts to secure registration, so long as all other Demand Members have similarly withdrawn their Registrable Securities from the Shelf Offering; provided,
however, that such a withdrawn registration shall nonetheless be deemed a Shelf Offering for all purposes hereunder unless (i) the withdrawal is made following the occurrence of a Material Adverse Change not known to such Demand Member
at the time of the Shelf-Take Down Notice, (ii) the withdrawal is made because the registration would require the Company to make an Adverse Disclosure or (iii) the Demand Member requesting the withdrawal has paid or reimbursed the Company
for all of the reasonable out-of-pocket fees and expenses incurred by the Company in the preparation, filing and processing of the registration withdrawn with respect to such withdrawing Demand Member. 

(f) The Company shall, from time to time, supplement and amend the Shelf Registration Statement if required by the Securities Act,
including the rules, regulations or instructions applicable to the registration form used by the Company for such Shelf Registration Statement. 
 (g) If an underwritten public Shelf Offering is subject to an Offering Limitation, then there shall be included in such offering: (i) first, the dollar amount of Registrable Securities
requested to be included in such registration by the one or more Demand Members, and such dollar amount of securities shall be allocated for inclusion pro rata and without priority among the Demand Members on the basis of the dollar amount of such
securities of the Company owned by each such Demand Member, (ii) second, the dollar amount of Registrable Securities requested to be included in such registration by the Company that in the opinion of the managing or lead underwriter(s)
selected by the Company can be sold without adversely affecting the size, price, timing, distribution or marketability of such offering of the securities referred to in clause (i) above or the price, timing, distribution or marketability of
such offering of the securities referred to in this clause (ii), and (iii) third, the dollar amount of any Other Securities requested to be included therein by the holders thereof that in the opinion of the managing or lead
underwriter(s) selected by the Company can be sold without adversely affecting the size, price, timing, distribution or marketability of such offering of the securities referred to in clauses (i) or (ii) above or the price, timing,
distribution or marketability of such offering of the securities referred to in this clause (iii), and such dollar amount of securities shall be allocated for inclusion pro rata and without priority among the holders of
all such securities on the basis of the dollar amount of such securities of the Company owned by each such holder. 

  
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 (h) In connection with an underwritten public Shelf Offering, the Company shall have the
right to select one or more nationally recognized underwriters as the lead or managing underwriters of such Shelf Offering, who shall be reasonably acceptable to the Demand Members, and the Demand Members shall have the right to select one or more
nationally recognized co-managers (which, for avoidance of doubt, shall not be named or function as lead underwriters or as bookrunners, or otherwise appear on the left-hand side of the cover of any prospectus, prospectus supplement, offering
circular or other similar document, with respect to such Shelf Offering) of such Shelf Offering, who shall be reasonably acceptable to the Company. In connection with any such underwritten public Shelf Offering, the Demand Members and the Company
agree that they will each enter into a customary underwriting agreement with the underwriters selected pursuant to the preceding sentence, such underwriting agreement to be reasonably satisfactory in form and substance to the Company, the Demand
Members and the underwriters (it being understood that no Demand Member shall be required to make any representations and warranties other than with respect to itself, its ownership of the Registrable Securities and its intended method of
distribution thereof and shall not be required to provide an indemnity other than with respect to information it provides to the Company in writing expressly for use in such underwritten Shelf Offering, and any such indemnity shall be limited in
amount to the net proceeds of such Shelf Offering actually received by such Demand Member). The Demand Members and the Company agree that all decisions under this Section 3.1 regarding whether an Offering Limitation is necessary (and any
related determinations pursuant to clause (ii) or (iii) of Section 3.1(g)) shall be made in the sole discretion of the managing or lead underwriter(s) selected by the Company. 

Section 3.2 Demand Registration. 
 (a) At any time on or after the Registration Trigger, one or more Demand Members (the “Requesting Demand Members”) shall have the right by delivering a written notice to the Company (a
“Demand Notice”) to require the Company to, pursuant to the terms of this Agreement, register under and in accordance with the provisions of the Securities Act the number of Registrable Securities Beneficially Owned by each such
Requesting Demand Member and requested by such Demand Notice to be so registered (a “Demand Registration”); provided, however, that (i) until six months following the consummation of an IPO, a Demand Notice will
be effective only if delivered by either (x) one or more Demand Members (other than Fiat) holding 10% or more of the Equity Securities in the Company or (y) both of US Treasury and Canada; (ii) the number of Demand Registrations with
respect to any Demand Member in any 12-month period shall not exceed one and (iii) the number of Demand Registrations together with any Shelf Offerings with respect to any Demand Member in any 12-month period shall not exceed two. The Company
shall not be required to register the Registrable Securities requested by the Demand Notice unless a Requesting Demand Member has requested to include in such Demand Registration either (i) together with all other Requesting Demand Members,
Registrable Securities having an aggregate principal amount of at least $50,000,000 or (ii) all of the Registrable Securities then held by such Requesting Demand Member. The aggregate number of Demand Registrations that may be requested by
(i) the VEBA shall not exceed five (5) and (ii) the other Demand Members (excluding the VEBA) under this Agreement, combined, shall not exceed five (5). No Shelf Offering or Demand Registration shall be required to be made by the
Company if it is within six (6) months of another registration that included such Requesting Demand Member’s Registrable Securities. The Demand Notice shall also specify the expected method or methods of disposition of the applicable
Registrable Securities. 
 (b) Subject to Section 3.4, following receipt of a Demand Notice, the Company shall use
its reasonable best efforts to file, as promptly as reasonably practicable, a Registration Statement relating to the offer and sale of the Registrable Securities requested to be included therein by the Requesting Demand Members (and any Other
Securities requested to be included therein by the holders thereof) in accordance with the methods of distribution elected by the Requesting Demand Members in the Demand Notice (a “Demand Registration Statement”) and shall use its
reasonable best efforts to cause such Registration Statement to be declared effective under the Securities Act as promptly as practicable after the filing thereof. 

  
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 (c) Each Requesting Demand Member may withdraw its Registrable Securities from a Demand
Registration at any time by providing the Company with written notice. Upon receipt of such written notice, the Company shall cease all efforts to secure registration, so long as all other Demand Members have similarly withdrawn their Registrable
Securities from the Demand Registration; provided, however, any such withdrawal from a Demand Registration shall nonetheless be deemed a Demand Registration for all purposes hereunder unless (i) the withdrawal is made following
the occurrence of a Material Adverse Change not known to the Requesting Demand Member at the time of the Demand Notice, (ii) the withdrawal is made because the registration would require the Company to make an Adverse Disclosure or
(iii) the Requesting Demand Member requesting such withdrawal has paid or reimbursed the Company for all of the reasonable out-of-pocket fees and expenses incurred by the Company in the preparation, filing and processing of the withdrawn
registration with respect to such withdrawing Requesting Demand Member. 
 (d) If any of the Registrable Securities to be
registered pursuant to a Demand Registration Statement are to be sold in an underwritten public offering, and such offering is subject to an Offering Limitation, then there shall be included in such offering: (i) first, the dollar amount
of the Registrable Securities requested to be included in such registration by the Requesting Demand Members, and such dollar amount of Registrable Securities shall be allocated for inclusion pro rata and without priority among the Requesting Demand
Members on the basis of the dollar amount of such Registrable Securities owned by each such Requesting Demand Member, (ii) second, the dollar amount of the Registrable Securities requested to be included in such registration by the
Company that in the mutual opinion of one underwriter selected by the Company and one underwriter selected by the Requesting Demand Members can be sold without adversely affecting the price, timing, distribution or marketability of such offering of
the securities referred to in clause (i) above and (iii) third, the dollar amount of any Other Securities requested to be included therein by the holders thereof that in the opinion of the managing or lead underwriter(s) selected by
the Company can be sold without adversely affecting the size, price, timing, distribution or marketability of such offering of the securities referred to in clauses (i) or (ii) above or the price, timing, distribution or marketability of
such offering of the securities referred to in this clause (iii), and such dollar amount of securities shall be allocated for inclusion pro rata and without priority among the holders of all such securities on the basis
of the dollar amount of such securities of the Company owned by each such holder. 
 (e) In connection with any underwritten
public offering pursuant to a Demand Registration, the Company shall have the right to select one or more nationally recognized underwriters as the lead or managing underwriters of such Demand Registration, who shall be reasonably acceptable to the
Requesting Demand Members, and the Requesting Demand Members shall have the right to select one or more nationally recognized co-managers (which, for avoidance of doubt, shall not be named or function as lead underwriters or as bookrunners, or
otherwise appear on the left-hand side of the cover of any prospectus, prospectus supplement, offering circular or other similar document, with respect to such Demand Registration) of such Demand Registration, who shall be reasonably acceptable to
the Company. In connection with any such underwritten public offering, the Requesting Demand Members and the Company agree that they will each enter into a customary underwriting agreement with the underwriters selected pursuant to the preceding
sentence, such underwriting agreement to be reasonably satisfactory in form and substance to the Company, the Requesting Demand Members and the underwriters (it being understood that each Requesting Demand Member shall not be required to make any
representations and warranties other than with respect to itself, its ownership of the Registrable Securities and its intended method of distribution thereof and shall not be required to provide an indemnity other than with respect to information it
provides to the Company in writing expressly for use in such underwritten public offering pursuant to a Demand Registration, and any such indemnity shall be 

  
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limited in amount to the net proceeds of such underwritten public offering pursuant to a Demand Registration actually received by such Requesting Demand Member). The Requesting Demand Members and
the Company agree that all decisions under this Section 3.2 regarding whether an Offering Limitation is necessary (and any related determinations pursuant to clause (iii) of Section 3.2(d), other than any determination
under clause (ii) of Section 3.2(d), which shall be made in the sole discretion of one underwriter selected by the Requesting Demand Members and one underwriter selected by the Company). 

Section 3.3 Piggyback Registration. 
 (a) If, following the occurrence of the Registration Trigger, the Company proposes or is required to file a registration statement under the Securities Act with respect to an offering of Equity Securities
solely for its own account (other than (i) a registration statement filed pursuant to Section 3.1, (ii) a registration statement filed pursuant to Section 3.2, (iii) a registration statement on Form S-4 or any
successor thereto, (iv) a registration statement covering securities convertible into or exercisable or exchangeable for Equity Securities or (v) a registration statement covering an offering of securities solely to the existing holders of
Company Equity Securities or otherwise in connection with any offer to exchange securities), then the Company shall give prompt written notice of such proposed filing at least 20 days before the anticipated filing date (the “Piggyback
Notice”) to each Shareholder. The Piggyback Notice shall offer each Shareholder the opportunity to include in such registration statement the number of Registrable Securities (for purposes of Section 3.3, “Registrable
Securities” shall be deemed to mean solely securities substantially similar to those proposed to be offered by the Company for its own account) as they may request (a “Piggyback Registration”). Subject to
Section 3.3(b), the Company shall include in each such Piggyback Registration all Registrable Securities with respect to which the Company has received written requests for inclusion therein within 15 days after notice has been given to
each Shareholder. 
 (b) If any of the Registrable Securities to be registered pursuant to the registration giving rise to each
Shareholder’s rights under this Section 3.3 are to be sold in an underwritten public offering, each Shareholder shall be permitted to include all Registrable Securities requested to be included in such registration in such offering
on the same terms and conditions as any other Registrable Securities, if any, of the Company included therein; provided that if such offering is subject to an Offering Limitation, then there shall be included in such offering:
(i) first, the dollar amount of securities of any holder of Other Securities who has initiated the Piggyback Registration pursuant to any contractual registration rights with the Company, (ii) second, the dollar amount of
securities the Company proposes to sell that in the opinion of the managing or lead underwriter(s) selected by the Company can be sold without adversely affecting the size, price, timing, distribution or marketability of such offering of the
securities referred to in clause (i) above or the price, timing, distribution or marketability of such offering of the securities referred to in this clause (ii), and (iii) third, the dollar amount of Registrable Securities
requested to be included in such registration by each participating Demand Member (and any Other Securities requested to be included therein by the holders thereof) that in the opinion of the managing or lead underwriter(s) selected by the Company
can be sold without adversely affecting the size, price, timing, distribution or marketability of such offering of the securities referred to in clauses (i) or (ii) above or the price, timing, distribution or marketability of such offering
of the securities referred to in this clause (iii), and such dollar amount of securities shall be allocated for inclusion pro rata and without priority among the holders of all such securities (including the Registrable
Securities of each Demand Member) on the basis of the dollar amount of such securities of the Company owned by each such holder. 
 (c) The Company may select, in its sole discretion, one or more underwriters to administer any offering of Registrable Securities pursuant to a Piggyback Registration. In connection with any underwritten
public offering pursuant to a Piggyback Registration, each participating Shareholder agrees to enter into a customary underwriting agreement with the Company and the 

  
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underwriters selected pursuant to the preceding sentence, such underwriting agreement to be reasonably satisfactory in form and substance to the Company, the participating Shareholders and the
underwriters (it being understood that each participating Shareholder shall not be required to make any representations and warranties other than with respect to itself, its ownership of the Registrable Securities and its intended method of
distribution thereof and shall not be required to provide an indemnity other than with respect to information it provides to the Company in writing expressly for use in such Piggyback Registration, and any such indemnity shall be limited in amount
to the net proceeds of such Piggyback Registration actually received by such participating Shareholder). Each participating Shareholder and the Company agree that all decisions under this Section 3.3 regarding whether an Offering
Limitation is necessary (and any related determinations pursuant to clause (ii) or (iii) of Section 3.3(b)) shall be made in the sole discretion of the managing or lead underwriter(s) selected by the Company. 

(d) In the event that the Company gives each Shareholder notice of its intention to effect an offering pursuant to a Piggyback
Registration and subsequently declines to proceed with such offering, the participating Shareholders shall have no rights in connection with such offering; provided, however, that at the request of any Shareholder, the Company shall
proceed with such offering, subject to the other terms of this Agreement, with respect to the Registrable Securities, which registration shall be deemed to be a Demand Registration for all purposes hereunder. Each participating Shareholder shall
participate in any offering of Registrable Securities pursuant to a Piggyback Registration in accordance with the same plan of distribution for such Piggyback Registration as the Company or the holder or holders of Registrable Securities (or similar
Equity Securities) that proposed such Piggyback Registration, as the case may be. 
 (e) No registration of Registrable
Securities effected pursuant to a request under this Section 3.3 shall be deemed to have been effected pursuant to Section 3.1 and Section 3.2 or shall relieve the Company of its obligations under
Section 3.1 or Section 3.2. 
 Section 3.4 Postponement of Registration. Notwithstanding
anything to the contrary in Section 3.1, Section 3.2 or Section 3.3 , the Company may postpone the filing or effectiveness of any Demand Registration Statement, Shelf Registration Statement or Piggyback
Registration, or suspend the use of any Demand Registration Statement, Shelf Registration Statement or Piggyback Registration, at any time if the Company determines, in its sole discretion, that such action or proposed action (i) would
adversely affect or interfere with any proposal or plan by the Company or any of its Affiliates to engage in any material financing or in any material acquisition, merger, consolidation, tender offer, business combination, securities offering or
other material transaction or (ii) would require the Company to make an Adverse Disclosure; provided, however, that the Company will not exercise its rights of postponement with respect to a Demand Registration Statement or Shelf
Registration Statement pursuant to this Section 3.4 for more than 180 days (which need not be consecutive) in any consecutive 12-month period. The Company shall promptly notify all Shareholders of any postponement pursuant to this
Section 3.4 and the Company agrees that it will terminate any such postponement with respect to a Demand Registration Statement or Shelf Registration Statement as promptly as reasonably practicable and will promptly notify each
Shareholder of such termination. In making any such determination to initiate or terminate a postponement, the Company shall not be required to consult with or obtain the consent of any Shareholder or any investment manager therefor (including the
VEBA), and any such determination shall be in the sole discretion of the Company, and no Shareholder nor any investment manager for any Shareholder (including the VEBA) shall be responsible or have any liability therefor. 

Section 3.5 Lock-Up Period. 
 (a) Each Shareholder agrees, in connection with any underwritten public offering in which such Shareholder is eligible to and has elected to include Registrable Securities, or which underwritten public
offering of Equity Securities substantially similar to the Registrable Securities 

  
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is being effected by the Company for its own account, not to effect any public sale or distribution of any Registrable Securities (or similar Company Equity Securities) (or securities convertible
into or exchangeable or exercisable for Registrable Securities (or similar Company Equity Securities)) for its own account (except as part of such underwritten public offering) during the initial period commencing on, and continuing for not more
than 90 days (or such shorter period as the managing or lead underwriter(s) selected by the Company may permit) after the effective date of the registration statement of the Company under the Securities Act pursuant to which such underwritten
offering shall be made or, in the case of a registration statement of the Company under the Securities Act that contemplates an offering to be made on a continuous or delayed basis pursuant to Rule 415 thereunder, the period commencing on, and
continuing for not more than 90 days (or such shorter period as the managing or lead underwriter(s) selected by the Company may permit) after the Company’s notice of a distribution in connection with such offering (each such 90-day period, or
such shorter period as the managing or lead underwriter(s) selected by the Company may permit, the “Initial Lock-up Period”); provided, however, that such Initial Lock-Up Period may be extended at the discretion of the
managing or lead underwriter(s) selected by the Company if (i) during the last 17 days of the Initial Lock-Up Period, the Company releases earnings results or announces material news or a material event or (ii) prior to the expiration of
the Initial Lock-Up Period, the Company announces that it will release earnings results during the 15-day period following the last day of the Initial Lock-Up Period; and provided further, that in the case of either (i) or (ii),
the managing or lead underwriter may extend such Initial Lock-Up Period until the expiration of the 18-day period beginning on the date of release of the earnings results or the announcement of the material news or material event, as applicable. The
Company will provide written notice of any event that would result in an extension of the Initial Lock-Up Period pursuant to the previous sentence to each Shareholder. The sum of all lockup periods under this Section 3.5(a) shall not
exceed 220 days in any given 12-month period and any applicable lockup period shall terminate on such earlier date as the Company gives notice to such Shareholder that the Company declines to proceed with any such offering. 

(b) In connection with any underwritten public offering made pursuant to a Registration Statement filed pursuant to
Section 3.1 or Section 3.2, the Company will not effect any public sale or distribution of any Registrable Securities (or similar Company Equity Securities) (or securities convertible into or exchangeable or exercisable for
Registrable Securities (or similar Company Equity Securities)) for its own account (other than (x) a Registration Statement (i) on Form S-4 or any successor form thereto or (ii) filed solely in connection with an exchange offer or
(y) pursuant to such underwritten offering), during the period commencing on, and continuing for not more than 180 days (or such shorter period as the managing or lead underwriter(s) selected by the Company may permit) after the effective
date of the registration statement of the Company under the Securities Act pursuant to which such underwritten offering shall be made or, in the case of a registration statement of the Company under the Securities Act that contemplates an offering
to be made on a continuous or delayed basis pursuant to Rule 415 thereunder, the period commencing on, and continuing for not more than 180 days (or such shorter period as the managing or lead underwriter(s) selected by the Company may
permit) after the Company’s notice of a distribution in connection with such offering, or, in either case, on such earlier date as the Demand Member or the Requesting Demand Member, as applicable, gives notice to the Company that it declines to
proceed with any such offering, provided, however, that such 180-day period may be extended at the discretion of the managing or lead underwriter(s) selected by the Company if (i) during the last 17 days of the 180-day period, the
Company releases earnings results or announces material news or a material event or (ii) prior to the expiration of the 180-day period, the Company announces that it will release earnings results during the 15-day period following the last day
of the 180-day period; and provided further, that in the case of either (i) or (ii), the managing or lead underwriter may extend such period until the expiration of the 18-day period beginning on the date of release of the
earnings results or the announcement of the material news or material event, as applicable. The provisions of the prior sentence shall not apply to (i) the issuance of Registrable Securities (or similar Company Equity Securities) upon the
conversion, exercise or exchange, by the holder thereof, of options, warrants or other securities convertible into or exercisable or exchangeable for Registrable Securities (or 

  
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similar Company Equity Securities) pursuant to the terms of such options, warrants or other securities, and (ii) pursuant to the terms of any other agreement to issue Registrable Securities
(or similar Company Equity Securities) (or any securities convertible into or exchangeable or exercisable for Registrable Securities (or similar Company Equity Securities)) in effect on the date of the notice of a proposed Transfer. Notwithstanding
the foregoing, the provisions of this Section 3.5 shall be subject to the provisions of Section 3.4, and if the Company exercises its rights of postponement pursuant to Section 3.4 with respect to any proposed
underwritten public offering, the provisions of this Section 3.5 shall not apply unless and until such time as the Company notifies the Demand Member or the Requesting Demand Member, as applicable, of the termination of such postponement
and the Demand Member or the Requesting Demand Member, as applicable, notifies the Company of its intention to continue with such proposed offering. 
 Section 3.6 No Inconsistent Agreements. Nothing herein shall restrict the authority of the Company to grant to any Person rights to obtain registration under the Securities Act of any
securities of the Company, or any securities convertible into or exchangeable or exercisable for such securities; provided, however, that the Company shall not grant any such rights with respect to the Registrable Securities (or
similar Company Equity Securities) or securities convertible into or exchangeable or exercisable for Registrable Securities (or similar Company Equity Securities) that conflict with the rights of the Demand Members under this Agreement other than by
operation of the allocation provisions of Sections 3.1(g), 3.2(d) and 3.3(b). 
 Section 3.7
Registration Procedures. 
 (a) If and whenever the Company is required to effect the registration of any Registrable
Securities under the Securities Act as provided in this Article III, the Company shall effect such registration to permit the sale of such Registrable Securities in accordance with the intended method or methods of disposition thereof, and
pursuant thereto the Company shall cooperate in the sale of the securities and shall, as expeditiously as possible: 
 (i) Prepare and file with the SEC a Registration Statement or Registration Statements on such form which shall be available for the sale of the Registrable Securities covered thereby by the holders of
such Registrable Securities or the Company in accordance with the intended method or methods of distribution thereof, and use its reasonable best efforts to cause such Registration Statement to become effective and to remain effective as provided
herein; provided, however, that before filing a Registration Statement or Prospectus (including any Issuer Free Writing Prospectus related thereto) or any amendments or supplements thereto, the Company shall furnish or otherwise make
available to the Demand Members, the counsel representing the Demand Members, selected in accordance with Section 3.12 (the “Demand Members’ Counsel”), and the managing or lead underwriter(s), if any, copies of all
such documents proposed to be filed, which documents will be subject to the reasonable review and comment of the Demand Members’ Counsel (provided that any comments made on behalf of the Demand Members and the managing or lead underwriter(s),
if any, are provided to the Company promptly upon receipt of the documents but in no event later than 5 calendar days after receipt of such documents by the Demand Members), and such other documents reasonably requested by the Demand Members’
Counsel, including any comment letter from the SEC, and, if requested by the Demand Members’ Counsel, provide the Demand Members’ Counsel reasonable opportunity to participate in the preparation of such Registration Statement and each
Prospectus included therein (including any Issuer Free Writing Prospectus related thereto) and such other opportunities to conduct a reasonable investigation within the meaning of the Securities Act, including reasonable access to the Company’s
books and records, officers, accountants and other advisors. The Company shall not file any such Registration Statement or Prospectus (including any Issuer Free Writing Prospectus related thereto) or any amendments or supplements thereto

  
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with respect to any registration pursuant to Section 3.1 or Section 3.2 to which the Demand Members, Demand Members’ Counsel, or the managing or lead underwriter(s),
if any, shall reasonably object, in writing, on a timely basis, unless, in the Company’s judgment, such filing is necessary to comply with applicable Law. 
 (ii) Prepare and file with the SEC such amendments and post-effective amendments to each Registration Statement as may be reasonably requested by the Demand Members or Demand Members’ Counsel, or
necessary to keep such Registration Statement continuously effective during the period provided herein and comply in all material respects with the provisions of the Securities Act with respect to the disposition of all securities covered by such
Registration Statement, and cause the related Prospectus to be supplemented by any Prospectus supplement or Issuer Free Writing Prospectus as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of the
securities covered by such Registration Statement, and as so supplemented to be filed pursuant to Rule 424 or Rule 433, as applicable (or any similar provisions then in force) under the Securities Act. 

(iii) Notify each selling holder of Registrable Securities and the managing or lead underwriter(s), if any, promptly
(A) when a Prospectus or any Prospectus supplement, Issuer Free Writing Prospectus or post-effective amendment has been filed, and, with respect to a Registration Statement or any post-effective amendment, when the same has become effective,
(B) of any request by the SEC or any other Governmental Entity for amendments or supplements to a Registration Statement or related Prospectus or Issuer Free Writing Prospectus or for additional information, (C) of the issuance by the SEC
of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, (D) if at any time the representations and warranties of the Company contained in any agreement (including any
underwriting agreement contemplated by Section 3.7(a)(xii) below) cease to be true and correct, (E) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from
qualification for sale in any jurisdiction of any of the Registrable Securities covered by a Registration Statement, or the initiation or threatening of any proceeding for such purpose, and (F) of the happening of any event that makes any
statement made in such Registration Statement or related Prospectus or Issuer Free Writing Prospectus untrue in any material respect or that requires the making of any changes in such Registration Statement, Prospectus, or Issuer Free Writing
Prospectus so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading,
and that in the case of any Prospectus or Issuer Free Writing Prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading. 
 (iv) Use its reasonable best efforts to obtain the withdrawal of
any order suspending the effectiveness of a Registration Statement, or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities covered by such Registration Statement for sale in any
jurisdiction at the reasonably earliest practical date. 
 (v) If requested by the managing or lead
underwriter(s), if any, or the Demand Members’ Counsel, promptly include in a Prospectus supplement, post-effective amendment or Issuer Free Writing Prospectus such information as the managing or lead underwriter(s), if any, or the Demand
Members’ Counsel may reasonably request in order to permit the intended method of distribution of such securities and make all required filings of such Prospectus supplement, such post-effective amendment or Issuer Free Writing Prospectus as
soon as practicable after the Company has received such request. 

  
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 (vi) Furnish or make available to each selling holder of Registrable
Securities, and managing or lead underwriter(s), if any, without charge, such number of conformed copies of the Registration Statement and each post-effective amendment thereto, including financial statements (but excluding schedules, all documents
incorporated or deemed to be incorporated therein by reference, and all exhibits, unless requested in writing by a selling holder of Registrable Securities, the Demand Members’ Counsel or managing or lead underwriter(s)), and such other
documents, as any selling holder of Registrable Securities or such managing or lead underwriter(s) may reasonably request, and upon request a copy of any and all transmittal letters or other correspondence to or received from the SEC or any other
Governmental Entity relating to such offering. 
 (vii) Deliver to each selling holder of Registrable
Securities, and the managing or lead underwriter(s), if any, without charge, as many copies of the Prospectus or Prospectuses (including each form of Prospectus and any Issuer Free Writing Prospectus related to any such Prospectuses) and each
amendment or supplement thereto as such Persons may reasonably request in connection with the distribution of the Registrable Securities covered thereby; and the Company, subject to Section 3.7(b), hereby consents to the use of such
Prospectus and each amendment or supplement thereto by each of the selling holders of Registrable Securities and the managing or lead underwriter(s), if any, in connection with the offering and sale of the Registrable Securities covered by such
Prospectus and any such amendment or supplement thereto. 
 (viii) Prior to any public offering of Registrable
Securities covered by a Registration Statement, use its reasonable best efforts to register or qualify or cooperate with the selling holders of Registrable Securities, the managing or lead underwriter(s), if any, and their respective counsel in
connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or “Blue Sky” laws of such jurisdictions within the United
States as any seller or managing or lead underwriter(s) reasonably requests in writing and to keep each such registration or qualification (or exemption therefrom) effective during the period such Registration Statement is required to be kept
effective and to take any other action that may be necessary or advisable to enable the selling holders of Registrable Securities to consummate the disposition of such Registrable Securities in such jurisdiction; provided, however,
that the Company will not be required to (i) qualify generally to do business in any jurisdiction where it is not then so qualified or (ii) take any action that would subject it to general service of process in any such jurisdiction where
it is not then so subject. 
 (ix) Cooperate with the selling holders of Registrable Securities and the managing
or lead underwriter(s), if any, to facilitate the timely preparation and delivery of certificates (not bearing any legends) representing the Registrable Securities covered by a Registration Statement to be sold after receiving a written
representation from each selling holder of Registrable Securities that such Registrable Securities represented by such certificates so delivered by each selling holder of Registrable Securities will be transferred in accordance with such
Registration Statement, and enable such Registrable Securities to be in such denominations and registered in such names as the managing or lead underwriter(s), if any, or each such selling holder of Registrable Securities may request at least two
(2) Business Days prior to any sale of such Registrable Securities. 
 (x) Upon the occurrence of any event
contemplated by Section 3.7(a)(iii)(B) through Section 3.7(a)(iii)(F), at the request of any selling holder of Registrable Securities, prepare and file with the SEC a supplement or post-effective amendment to the Registration
Statement, Prospectus or Issuer Free Writing Prospectus so that, as thereafter 

  
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delivered to the purchasers of the Registrable Securities covered thereby, such Prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary to
make the statements therein, in light of the circumstances in which they are made, not misleading. 
 (xi)
Provide and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by a Registration Statement from and after a date not later than the effective date of such Registration Statement. 

(xii) Enter into such agreements (including an underwriting agreement in form, scope and substance as is customary in
underwritten offerings) and take all such other actions reasonably requested by any Demand Member or by the managing or lead underwriter(s), if any, to expedite or facilitate the disposition of the Registrable Securities covered by a Registration
Statement, and in connection therewith, whether or not an underwriting agreement is entered into and whether or not the registration is an underwritten registration, (i) make such representations and warranties to each Demand Member and the
managing or lead underwriter(s), if any, with respect to the business of the Company and its Subsidiaries, and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each
case, in form, substance and scope as are customarily made by issuers in underwritten offerings, and, if true, confirm the same if and when requested, (ii) use its reasonable best efforts to furnish to each Demand Member opinions of counsel to
the Company and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the managing or lead underwriter(s), if any, and the Demand Members’ Counsel), addressed to each Demand Member and
each of the managing or lead underwriter(s), if any, covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by the Demand Members’ Counsel and managing or
lead underwriter(s), (iii) use commercially reasonable efforts to obtain “cold comfort” letters and updates thereof from the independent registered public accounting firm of the Company (and, if necessary, any other independent
registered public accounting firm of any Subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the Registration Statement) who have certified
the financial statements included in such Registration Statement, addressed to each Demand Member (unless such firm shall be prohibited from so addressing such letters by applicable accounting standards or the policies of such firm) and each of the
managing or lead underwriter(s), if any, such letters to be in customary form and covering matters of the type customarily covered in “cold comfort” letters in connection with underwritten offerings, (iv) if an underwriting agreement
is entered into, the same shall contain indemnification provisions and procedures substantially to the effect set forth in Article IV hereof with respect to all parties to be indemnified pursuant to said Article except as otherwise
agreed by the Demand Members and the managing or lead underwriter(s) and (v) deliver such documents and certificates as may be reasonably requested by the Demand Members, the Demand Members’ Counsel and the managing or lead underwriter(s),
if any, to evidence the continued validity of the representations and warranties made pursuant to clause (i) above and to evidence compliance with any customary conditions contained in the underwriting agreement or other agreement entered into
by the Company. The above shall be done at each closing under such underwriting or similar agreement, or as and to the extent required thereunder. 
 (xiii) Upon execution of a customary confidentiality agreement, make available for inspection by a Representative of a Demand Member, the managing or lead underwriter(s), if any, and any attorneys,
accountants or other agents or Representatives retained by Demand Members or managing or lead underwriter(s), at the offices where normally kept, during reasonable business hours, financial and other records, pertinent corporate documents and
properties of the Company and its Subsidiaries, and cause the officers, directors and employees of the Company and its Subsidiaries to supply all information in each case reasonably requested by any such Representative, managing or lead
underwriter(s), attorney, accountant or Representatives in connection with such Registration Statement. 

  
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 (xiv) Otherwise use its reasonable best efforts to comply with all
applicable rules and regulations of the SEC and any applicable national securities exchange, and make available to each selling holder of Registrable Securities, as soon as reasonably practicable (but not more than 18 months) after the effective
date of the Registration Statement, an earnings statement which shall satisfy the provisions of Section 11(a) of the Securities Act. 
 (xv) Use its reasonable best efforts to have the Registrable Securities listed on the stock exchange(s) or inter-dealer quotation system on which the Company Equity Securities are listed. 

(b) Each of the parties hereto will treat all notices of proposed Transfers and registrations, and all information relating to any
blackout periods under Section 3.4 received from the other party with the strictest confidence (and in accordance with the terms of any applicable confidentiality agreement among the Company and each selling holder of Registrable
Securities) and will not disseminate such information. Nothing herein shall be construed to require the Company or any of its Affiliates to make any public disclosure of information at any time. In the event the Company has notified any selling
holder of Registrable Securities of any occurrence of any event contemplated by Section 3.7(a)(iii)(B) through Section 3.7(a)(iii)(F), then such selling holder of Registrable Securities shall not deliver such Prospectus or
Issuer Free Writing Prospectus to any purchaser and will forthwith discontinue disposition of any Registrable Securities covered by such Registration Statement, Prospectus or Issuer Free Writing Prospectus unless and until a supplement or
post-effective amendment to such Prospectus or Issuer Free Writing Prospectus has been prepared and filed as set forth in Section 3.7(a)(x) or until the Company advises such selling holder of Registrable Securities in writing that the
use of such Prospectus or Issuer Free Writing Prospectus may be resumed. 
 (c) Each selling holder of Registrable Securities
shall cooperate with the Company in the preparation and filing of any Registration Statement under the Securities Act pursuant to this Agreement and provide the Company with all information reasonably necessary to complete such preparation as the
Company may, from time to time, reasonably request in writing and the Company may exclude from such registration the Registrable Securities of any selling holder of Registrable Securities if such selling holder unreasonably fails to furnish such
information within a reasonable time after receiving such request. 
 Section 3.8 Participation in Underwritten
Transfers. 
 (a) In the case of an underwritten offering made pursuant to a Registration Statement filed pursuant to
Section 3.1 or Section 3.2, the price, underwriting discount and other financial terms for the Registrable Securities covered by the related underwriting agreement, and set forth therein, shall be determined by the Demand
Member or the Requesting Demand Member, as applicable. In the case of any underwritten offering registered pursuant to the registration giving rise to registration rights under Section 3.3, such price, underwriting discount and other
financial terms shall be determined by the Company, subject to the right of any selling holder of Registrable Securities to withdraw its request to participate in the registration pursuant to Section 3.3(a). 

(b) A holder of Registrable Securities may not participate in any underwritten Transfers hereunder unless it (i) agrees to sell its
securities on the basis provided in any customary underwriting arrangements approved by the Person or Persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities,

  
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underwriting agreements, custodian agreements and other documents customarily required under the terms of such underwriting arrangements, it being understood that a selling holder of Registrable
Securities shall not be required to make any representations and warranties other than with respect to itself, its ownership of the Registrable Securities included in such Transfers and its intended method of distribution thereof and shall not be
required to provide an indemnity other than with respect to information it provides to the Company in writing expressly for use in such underwritten Transfer, and any such indemnity shall be limited in amount to the net proceeds of such underwritten
Transfer actually received by such selling holder of Registrable Securities. 
 Section 3.9 Cooperation by
Management. The Company shall make available members of the management of the Company or the applicable Company Subsidiaries for reasonable assistance in the selling efforts relating to any offering of Registrable Securities covered by a
Registration Statement filed pursuant to this Agreement, to the extent customary for such offering (including, without limitation, to the extent customary, senior management attendance at due diligence meetings with prospective investors or
underwriters and their counsel and road shows), and for such assistance as is reasonably requested by any Demand Member or Requesting Demand Member, as applicable, and its counsel in the selling efforts relating to any such offering;
provided, however, that management need only be made available for one such offering with respect to any Demand Member in any 12-month period. 
 Section 3.10 Registration Expenses and Legal Counsel. The Company shall pay all reasonable fees and expenses incident to the performance of or compliance with its obligations under this
Article III, including (i) all registration and filing fees (including fees and expenses (A) with respect to filings required to be made with all applicable securities exchanges and/or the Financial Industry Regulatory
Authority, Inc. and (B) of compliance with securities or Blue Sky laws including any fees and disbursements of counsel for the underwriter(s) in connection with Blue Sky qualifications of the Registrable Securities pursuant to
Section 3.7(a)(viii)), (ii) printing expenses (including expenses of printing certificates for Registrable Securities covered by a Registration Statement in a form eligible for deposit with The Depository Trust Company and of
printing Prospectuses if the printing of Prospectuses is requested by the managing or lead underwriter(s), if any), (iii) messenger, telephone and delivery expenses of the Company, (iv) fees and disbursements of counsel for the Company,
(v) expenses of the Company incurred in connection with any “road show”, (vi) fees and disbursements of the Company’s independent registered public accounting firm (including, without limitation, the expenses of any special
audit and “cold comfort” letters required by or incident to this Agreement) and any other persons, including special experts, retained by the Company, and (vii) fees up to $250,000 and reasonable disbursements of one legal counsel for
the Demand Members in connection with each registration of Registrable Securities or sale of Registrable Securities under a Shelf Registration Statement, provided that a registration or sale either is effected or is postponed pursuant to
Section 3.4. For the avoidance of doubt, the Company shall not be required to pay underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of Registrable Securities pursuant to any
Registration Statement, or any other expenses of the selling holders of Registrable Securities. In addition, the Company shall bear all of its internal expenses (including all salaries and expenses of its officers and employees performing legal or
accounting duties), the expense of any annual audit, the fees and expenses incurred in connection with the listing of the securities to be registered on any securities exchange or inter-dealer quotation system on which similar securities issued by
the Company are then listed and the rating agency fees and fees and expenses of any Person, including special experts, retained by the Company. 
 Section 3.11 Rule 144, Rule 144A and Regulation S, etc. The Company covenants that, following the consummation of an IPO, it will file the reports required to be filed by it under the
Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder (or, if the Company is not required to file such reports following the consummation of such IPO, it will, upon the reasonable request of any holder of
Registrable Securities, make publicly available such necessary 

  
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information for so long as necessary to permit sales pursuant to Rule 144, Rule 144A or Regulation S under the Securities Act) and take any such further action as any holder of Registrable
Securities may reasonably request, all to the extent required from time to time to enable holders of Registrable Securities to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided
by (i) Rule 144, Rule 144A or Regulation S under the Securities Act, as such Rules may be amended from time to time, or (ii) any similar rule or regulation hereafter adopted by the SEC. The Company agrees that, prior to the
consummation of an IPO, any holder of Registrable Securities may, to the extent necessary to permit sales of Registrable Securities to an actual or prospective purchaser pursuant to Rule 144, Rule 144A or Regulation S under the Securities Act,
provide copies of Company financial statements in its possession to such actual or prospective purchaser (but only if such purchaser is not a Competitor or Affiliate thereof), subject to the agreement of such purchaser to comply, as if it were a
holder of Registrable Securities, with any confidentiality obligations of such holder of Registrable Securities to the Company or any Affiliate thereof with respect to such financial statements. 

Section 3.12 Selection of Counsel. In connection with any registration of Registrable Securities pursuant to
Section 3.1 or Section 3.2 in which Fiat proposes to include Registrable Securities, Fiat shall have the right to select the Demand Members’ Counsel to represent all holders of the Registrable Securities covered by such
registration with the consent of the other holders of Registrable Securities covered by the Registration Statement (such consent not to be unreasonably withheld); otherwise, the holders of a majority of the Registrable Securities to be included in
any such registration may select the Demand Members’ Counsel to represent all holders of Registrable Securities to be included in any such registration. 
 ARTICLE IV 
 INDEMNIFICATION 

Section 4.1 Indemnification by the Company. The Company agrees to indemnify and hold harmless, to the fullest extent
permitted by law, each selling holder of Registrable Securities, the VEBA Holdcos, the investment manager or managers acting on behalf of the selling holders of Registrable Securities with respect to Registrable Securities covered by a Registration
Statement, each underwriter, Persons, if any, who Control any of them, and each of their respective Representatives (each an “Indemnitee”), from and against any and all losses, penalties, judgments, suits, costs, claims, damages,
liabilities and expenses, joint or several (including reasonable costs of investigation and legal expenses) (“Losses”) arising out of or caused by any untrue statement or alleged untrue statement of a material fact contained in any
Registration Statement described herein or any related Prospectus or Issuer Free Writing Prospectus relating to Registrable Securities (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto), or arising
out of or caused by any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein in the case of the Prospectus, in light of the circumstances in which they were made, not
misleading, except insofar as such Losses arise out of or are caused by any such untrue statement or omission included or omitted in conformity with information furnished to the Company in writing by such Indemnitee or any Person acting on behalf of
such Indemnitee expressly for use therein; provided, however, that the foregoing indemnity agreement with respect to any preliminary Prospectuses or Issuer Free Writing Prospectuses shall not inure to the benefit of such Indemnitee if
the Person asserting any Losses against such Indemnitee purchased Registrable Securities and (i) prior to the time of sale of the Registrable Securities to such Person (the “Initial Sale Time”) the Company shall have notified
such selling holder of Registrable Securities that the preliminary Prospectus or Issuer Free Writing Prospectus (as it existed prior to the Initial Sale Time) contained an untrue statement of material fact or omitted to state therein a material fact
required to be stated therein in order to make the statements therein not misleading, (ii) such untrue statement or omission of a material fact was corrected in a preliminary Prospectus or, where permitted by law, Issuer Free Writing Prospectus
and such corrected preliminary Prospectus or Issuer Free Writing Prospectus was provided to such selling holder of Registrable 

  
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Securities a reasonable amount of time in advance of the Initial Sale Time such that the corrected preliminary Prospectus or Issuer Free Writing Prospectus could have been provided to such Person
prior to the Initial Sale Time, (iii) such corrected preliminary Prospectus or Issuer Free Writing Prospectus (excluding any document then incorporated or deemed incorporated therein by reference) was not conveyed to such Person at or prior to
the Initial Sale Time and (iv) such Losses would not have occurred had the corrected preliminary Prospectus or Issuer Free Writing Prospectus (excluding any document then incorporated or deemed incorporated therein by reference) been conveyed
to such Person as provided for in clause (iii) above. This indemnity shall be in addition to any liability the Company may otherwise have under this Agreement or otherwise. Such indemnity shall remain in full force and effect regardless of any
investigation made by or on behalf of a selling holder of Registrable Securities or any indemnified party and shall survive the transfer of Registrable Securities by each selling holder of Registrable Securities. 

Section 4.2 Indemnification by Certain Holders of Registrable Securities. Each selling holder of Registrable Securities other
than US Treasury and Canada agrees, to the fullest extent permitted under applicable law, and each underwriter selected shall agree, severally and not jointly, to indemnify and hold harmless each of the Company, its directors, officers, employees
and agents, and each Person, if any, who Controls the Company, to the same extent as the foregoing indemnity from the Company, but only with respect to Losses arising out of or caused by an untrue statement or omission included or omitted in
conformity with information furnished in writing by or on behalf of such selling holder of Registrable Securities or such underwriter, as the case may be, expressly for use in any Registration Statement described herein or any related Prospectus or
Issuer Free Writing Prospectus relating to the Registrable Securities (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto). No claim against the assets of any selling holder of Registrable Securities
that is subject to the indemnification obligations under this Section 4.2 shall be created by this Section 4.2, except as and to the extent permitted by applicable law. Notwithstanding the foregoing, no selling holder of
Registrable Securities shall be liable to the Company or any such Person for any amount in excess of the net amount received by such selling holder of Registrable Securities from the sale of Registrable Securities in the offering giving rise to such
liability. 
 Section 4.3 Indemnification Procedures. 

(a) In case any claim is asserted or any proceeding (including any governmental investigation) shall be instituted where indemnity may be
sought by an Indemnitee pursuant to any of the preceding paragraphs of this Article IV, such Indemnitee shall promptly notify in writing the Person against whom such indemnity may be sought (the “Indemnitor”);
provided, however, that the omission to so notify the Indemnitor shall not relieve the Indemnitor of any liability which it may have to such Indemnitee except to the extent that the Indemnitor was prejudiced by such failure to notify.
The Indemnitor, upon request of the Indemnitee, shall retain counsel reasonably satisfactory to the Indemnitee to represent (subject to the following sentences of this Section 4.3(a)) the Indemnitee and any others the Indemnitor may
designate in such proceeding and shall pay the fees and disbursements of such counsel related to such proceeding. In any such proceeding, any Indemnitee shall have the right to retain its own counsel, but the fees and expenses of such counsel shall
be at the expense of such Indemnitee unless (i) the Indemnitor and the Indemnitee shall have mutually agreed to the retention of such counsel, (ii) the Indemnitor fails to take reasonable steps necessary to defend diligently any claim
within 10 calendar days after receiving written notice from the Indemnitee that the Indemnitee believes the Indemnitor has failed to take such steps, or (iii) the named parties to any such proceeding (including any impleaded parties) include
both the Indemnitor and the Indemnitee and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests or legal defenses between them and, in all such cases, the Indemnitor shall only be
responsible for the reasonable fees and expenses of such counsel. It is understood that the Indemnitor shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of
more than one 

  
 -16-

 
separate law firm (in addition to any local counsel) for all such Indemnitees not having actual or potential differing interests or legal defenses among them, and that all such fees and expenses
shall be reimbursed as they are incurred. In the case of any such firm for the VEBA Entities or any Control Person of any such VEBA Entity, such firm shall be designated in writing by the VEBA. The Indemnitor shall not be liable for any settlement
of any proceeding affected without its written consent. 
 (b) If the indemnification provided for in this Article IV is
unavailable to an Indemnitee in respect of any Losses referred to herein, then the Indemnitor, in lieu of indemnifying such Indemnitee hereunder, shall contribute to the amount paid or payable by such Indemnitee as a result of such Losses in such
proportion as is appropriate to reflect the relative fault of the Indemnitor and the Indemnitee and Persons acting on behalf of or Controlling the Indemnitor or the Indemnitee in connection with the statements or omissions or violations which
resulted in such Losses, as well as any other relevant equitable considerations. If the indemnification described in Section 4.1 or Section 4.2 is unavailable to an Indemnitee, the relative fault of the Company, the
Indemnitee and Persons acting on behalf of or Controlling the Company or the Indemnitee 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, the Indemnitee or by Persons acting on behalf of the Company or the Indemnitee and the parties’ relative intent, knowledge, access to information and opportunity to correct
or prevent such statement or omission. The Indemnitor shall not be required to contribute pursuant to this Section 4.3(b) if there has been a settlement of any proceeding affected without its written consent. No claim against the assets
of the Indemnitee shall be created by this Section 4.3(b), except as and to the extent permitted by applicable law. Notwithstanding the foregoing, the Indemnitee shall not be required to make a contribution in excess of the net amount
received by the Indemnitee from the sale of Registrable Securities in the offering giving rise to such liability. 

Section 4.4 Survival. The indemnification contained in this Article IV shall remain operative and in full force
and effect regardless of any termination of this Agreement. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 
 Section 5.1 Representations and Warranties of the Shareholders. Except as otherwise specified below, as of the date hereof, each of the Shareholders other than the U.S. Treasury hereto
represents and warrants solely with respect to itself to each of the other Shareholders hereto as follows: 
 (a) Due
Organization and Good Standing. Each Shareholder that is an Entity is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. 

(b) Authority Relative to This Agreement. Each Shareholder has all necessary power and authority to execute and deliver this
Agreement and to perform its obligations hereunder. Each Person executing and delivering this Agreement is duly authorized to execute and deliver this Agreement on behalf of such Shareholder. The execution and delivery of this Agreement by it has
been duly and validly authorized by all requisite action and no other proceedings on its part are necessary to authorize this Agreement. This Agreement has been duly and validly executed and delivered by it and, assuming the due authorization,
execution and delivery by the other Shareholders hereto and the Company, constitutes a legal, valid and binding obligation of it, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general
applicability relating to or affecting creditors’ rights and to general equity principles. 

  
 -17-

 (c) No Conflict. The execution, delivery, and performance by it of this Agreement do
not and shall not violate any applicable Law or conflict with or constitute a default, breach, or violation of the terms, conditions, or provisions of any contract, agreement or instrument to which such Shareholder is subject which would prevent
such Shareholder from performing any of its obligations hereunder or thereunder. 
 (d) Ownership of Equity Securities.
Each Shareholder is the sole record owner and a Beneficial Owner of the Company Equity Securities listed beside such Shareholder’s name on the Schedule of Members attached to the Company LLC Agreement and as of the Closing Date, such
Equity Securities are the only securities of the Company and any of its subsidiaries held of record or beneficially owned (as such term is used in Rule 13d-3 under the Exchange Act) by such Shareholder. 

Section 5.2 Representations and Warranties of the Company. Except as otherwise specified below, as of the date hereof, the
Company represents and warrants to each of the Shareholders as follows: 
 (a) Due Organization and Good Standing. The
Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. 
 (b)
Authority Relative to This Agreement. The Company has all necessary power and authority to execute and deliver this Agreement and to perform its obligations hereunder. Each Person executing and delivering this Agreement is duly authorized to
execute and deliver this Agreement on behalf of the Company. The execution and delivery of this Agreement by it has been duly and validly authorized by all requisite action and no other proceedings on its part are necessary to authorize this
Agreement. This Agreement has been duly and validly executed and delivered by it and, assuming the due authorization, execution and delivery by the Shareholders, constitutes a legal, valid and binding obligation of it, subject to bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 

(c) No Conflict. The execution, delivery, and performance by it of this Agreement do not and shall not violate any applicable Law
or conflict with or constitute a default, breach, or violation of the terms, conditions, or provisions of any contract, agreement or instrument to which the Company is subject which would prevent the Company from performing any of its obligations
hereunder or thereunder. 
 ARTICLE VI 
 MISCELLANEOUS 
 Section 6.1 Binding Effect; Assignment. This
Agreement shall be binding upon and shall inure to the benefit of and be enforceable by each of the Shareholders and their successors and permitted assigns. Except for an assignment to a successor trustee or to an investment manager as stated
herein, or to a Controlled Affiliate in connection with a permitted transfer of Membership Interests to such Person, none of the rights or obligations under this Agreement shall be assigned without the consent of the other parties hereto.
Notwithstanding anything in this Agreement to the contrary, each of the US Treasury and Canada shall only be bound by this agreement in its capacity as a Shareholder and nothing in this Agreement shall be binding on or create any obligation on the
part of the either US Treasury or Canada in any other capacity or any branch of the United States or Canadian Government, as applicable, or subdivision thereof. 

  
 -18-

 Section 6.2 Termination. This Agreement shall be terminated with respect to a
particular Shareholder (a “Terminated Shareholder”) in the following circumstances; provided, that ARTICLE IV and ARTICLE VI will survive any such termination and such Terminated Shareholder will continue to be
bound by such Sections: 
 (a) This Agreement may be terminated with the respect to all Shareholders with the written approval
of all of the Demand Members. 
 (b) This Agreement shall terminate with respect to Fiat upon a Fiat Resignation (as defined in
the Company LLC Agreement). 
 (c) This Agreement shall terminate with respect to any Shareholder if such Shareholder holds
less than one (1%) percent of the outstanding Company Equity Securities or with the written consent of such Shareholder. 

(d) This Agreement shall terminate with respect to all Shareholders upon a Compelled Sale pursuant to Section 14.4 of the
Company LLC Agreement. 
 (e) Any termination in accordance with this Section 6.2 shall not relieve any party
hereto of any liability for any breach of this Agreement or such provisions that occurred prior to such termination. 

Section 6.3 Amendments and Waivers. Except as otherwise provided herein, the provisions of this Agreement may not be amended,
modified or supplemented except by a writing signed by the Company and each Demand Member. Any obligation of, or restriction applicable to, the Company in respect of any Demand Member may be waived by a writing signed by such Demand Member.

 Section 6.4 Attorneys’ Fees. In any action or proceeding brought to enforce any provision of this Agreement
or where any provision hereof is validly asserted as a defense, the successful party shall, to the extent permitted by applicable law, be entitled to recover reasonable attorneys’ fees in addition to any other available remedy. 

Section 6.5 Notices. All notices and other communications provided for or permitted hereunder shall be in writing and, except
as specified herein, shall be made by hand delivery, by registered or certified first-class mail, return receipt requested, overnight courier or facsimile transmission: 
 if to the Company: 
 CHRYSLER GROUP LLC 

1000 Chrysler Drive 
 Auburn Hills, MI 48326 
 United States of America 

Attention: General Counsel 
 Tel: +1 (248) 512-3984 
 Fax: +1 (248) 512-1771 

if to Fiat: 

Fiat S.p.A. 

Via Nizza n. 250 

10125 Torino 

Italy 

  
 -19-

 Attention: Chief Executive Officer 

with a copy to: 

Sullivan & Cromwell LLP 
 125 Broad Street 
 New York, NY 10004 

United States of America 
 Attention: Scott D. Miller 
 Telecopy: +1 (650) 461-5777 

if to the US Treasury: 
 The United States Department of the Treasury 
 1500 Pennsylvania Avenue, NW

 Washington, D.C. 20220 
 Attention: Chief Counsel Office of Financial Stability 
 Telecopy:
(202) 927-9225 
 Email: OFSChiefCounselNotices@do.treas.gov 

with a copy to: 

Cadwalader, Wickersham & Taft LLP 
 One World Financial Center 
 New York, New York 10281 

Attention: John J. Rapisardi 
        R. Ronald Hopkinson 
 Facsimile:
(212) 504-6666 
 If to Canada: 
 7169931 Canada Inc. 
 Canada Development Investment Corporation 

1235 Bay Street, Suite 400 
 Toronto, ON M5R 3K4 
 Attention: Mr. Michael Carter 

Fax: (416) 934-5009 
 with a copy to: 
 Patrice S. Walch-Watson 

Torys LLP 
 79
Wellington Street West 
 Suite 3000 
 Toronto, ON M5K 1N2 
 Fax: (416) 865-7380 

If to any VEBA Entity: 
 UAW Retiree Medical Benefits Trust 
 P.O. Box 14309 

Detroit, MI 48214 

Attention: Bob Naftaly 
 Telecopy: (313) 926-4065 

  
 -20-

 with a copy to: 
 Cleary Gottlieb Steen & Hamilton LLP 
 One Liberty Plaza 

New York, NY 10006 
 Attention: Richard S. Lincer/ David I. Gottlieb 
 Tel: (212) 225-2000

 All notices and communications shall be deemed to have been duly given and received: when delivered by hand, if hand
delivered; the fifth Business Day after being deposited in the mail, registered or certified, return receipt requested, first class postage prepaid, or earlier Business Day actually received, if mailed; the first Business Day after being deposited
with an overnight courier, postage prepaid, if by overnight courier; upon oral confirmation of receipt, if by facsimile transmission. Each party agrees promptly to confirm receipt of all notices. 

Section 6.6 No Third Party Beneficiaries. This Agreement shall be for the sole and exclusive benefit of (i) the Company
and its successors and permitted assigns, (ii) each Shareholder hereto, any trustee of a Shareholder hereto and any other investment manager or managers acting on behalf of a Shareholder hereto with respect to the Registrable Securities and
their respective successors and permitted assigns and (iii) each of the Persons entitled to indemnification under Article IV hereof. Nothing in this Agreement shall be construed to give any other Person any legal or equitable right,
remedy or claim under this Agreement. 
 Section 6.7 Cooperation. Each Shareholder hereto shall take such further
action, and execute such additional documents, as may be reasonably requested by any other party hereto in order to carry out the purposes of this Agreement. 
 Section 6.8 Counterparts. This Agreement may be executed in counterparts, and shall be deemed to have been duly executed and delivered by all parties when each party has executed a counterpart
hereof and delivered an original or facsimile copy thereof to the other party. Each such counterpart hereof shall be deemed to be an original, and all of such counterparts together shall constitute one and the same instrument. 

Section 6.9 Remedies. 
 (a) Each party hereto acknowledges that monetary damages would not be an adequate remedy in the event that any of the covenants or agreements in this Agreement is not performed in accordance with its
terms, and it is therefore agreed that, in addition to and without limiting any other remedy or right it may have, the non-breaching party will have the right to an injunction, temporary restraining order or other equitable relief in any state court
sitting in the State of New York enjoining any such breach or threatened breach and enforcing specifically the terms and provisions hereof. Each party hereto agrees not to oppose the granting of such relief in the event such court determines that
such a breach has occurred, and to waive any requirement for the securing or posting of any bond in connection with such remedy. 
 (b) All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof at law or in equity shall be cumulative and not alternative, and the exercise or beginning of the
exercise of any thereof by any party shall not preclude the simultaneous or later exercise of any other such right, power or remedy by such party. 

  
 -21-

 Section 6.10 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICTS OF LAW PRINCIPLES THEREOF. 

Section 6.11 WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW
ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES HEREBY (A) CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN
INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 6.11. 

Section 6.12 Severability. If any provision of this Agreement shall be held to be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 6.13 Acknowledgments. The VEBA agrees that it will obtain written acknowledgments, and provide a copy of such
acknowledgments to the Company and the other Demand Members, from each of its investment managers with respect to its Registrable Securities and from the valuation advisers of the VEBA, confirming that such entity has received and reviewed this
Agreement and will comply with the terms of this Agreement applicable to it. 
 Section 6.14 After Acquired
Securities. All of the provisions of this Agreement shall apply to all of the Company Equity Securities now owned or that may be issued or transferred hereafter to any Shareholder hereto in consequence of any additional issuance, purchase,
exchange or reclassification of any of the Company Equity Securities, corporate reorganization, or any other form of recapitalization, consolidation, merger, share split or share dividend, or that are acquired by a Shareholder hereto in any other
manner. 
 Section 6.15 Strict Construction. The parties hereto have participated collectively in the negotiation
and drafting of this Agreement; accordingly, if any ambiguity or question of intent or interpretation arises, then it is the intent of the parties hereto that this Agreement shall be construed as if drafted collectively by the parties hereto, and it
is the intent of the parties hereto that no presumption or burden of proof shall arise favoring or disfavoring any party hereto by virtue of the authorship of any provisions of this Agreement. 

[SIGNATURE PAGE FOLLOWS] 

  
 -22-

 IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, has duly executed
this Agreement as of the date first written above. 
  

			
	NEW CARCO ACQUISITION LLC
		
	By:	 	 /s/ Giorgio Fossati

	Name: Giorgio Fossati
	Title: Vice President and Secretary

 Signature Page to Shareholders Agreement 

 IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, has duly executed
this Agreement as of the date first written above. 
  

			
	FIAT NORTH AMERICA LLC
		
	By:	 	 /s/ Giorgio Fossati

	Name: Giorgio Fossati
	Title: Vice President

Signature Page to Shareholders Agreement 

 IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, has duly executed
this Agreement as of the date first written above. 
  

			
	UNITED STATES DEPARTMENT OF THE TREASURY
		
	By:	 	 /s/ Duane Morse

	Name: Duane Morse
	Title: Chief Risk and Compliance Officer

 Signature Page to Shareholders Agreement 

 IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, has duly executed
this Agreement as of the date first written above. 
  

			
	7169931 CANADA INC.
		
	By:	 	 /s/ N. William C. Ross

	N. William C. Ross
	Director
		
	By:	 	 /s/ Benita M. Warmbold

	Benita M. Warmbold
	Director

 Signature Page
to Shareholders Agreement 

 IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, has duly executed
this Agreement as of the date first written above. 
  

			
	UAW RETIREE MEDICAL BENEFITS TRUST
		
	By:	 	 /s/ Robert Naftaly

	Name: Robert Naftaly
	Title: Chair of the Committee of the UAW
	Retiree Medical Benefits Trust

 Signature Page to Shareholders Agreement 

 IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, has duly executed
this Agreement as of the date first written above. 
  

			
	UAW VEBA Holdco CH-00, LLC
	
	UAW VEBA Holdco CH-01, LLC
	
	UAW VEBA Holdco CH-02, LLC
	
	UAW VEBA Holdco CH-03, LLC
	
	UAW VEBA Holdco CH-04, LLC
	
	UAW VEBA Holdco CH-05, LLC
	
	UAW VEBA Holdco CH-06, LLC
	
	UAW VEBA Holdco CH-07, LLC
	
	UAW VEBA Holdco CH-08, LLC
	
	UAW VEBA Holdco CH-09, LLC
	
	UAW VEBA Holdco CH-10, LLC
	
	UAW VEBA Holdco CH-11, LLC
	
	UAW VEBA Holdco CH-12, LLC
	
	BY THE SOLE MEMBER OF EACH,
	UAW RETIREE MEDICAL BENEFITS
	TRUST
		
	By:	 	 /s/ Robert Naftaly

	Name: Robert Naftaly
	Title: Chairman of the Committee of the
	UAW Retiree Medical Benefits Trust

 Signature Page to Shareholders Agreement 

 DEFINITIONS ADDENDUM 

“Adverse Disclosure” means public disclosure of material non-public information that, in the Company’s good faith
judgment, after consultation with independent outside counsel to the Company, (i) would be required to be made in any Registration Statement or report filed with the SEC by the Company so that such Registration Statement or report would not be
materially misleading; (ii) would not be required to be made at such time but for the filing of such Registration Statement; and (iii) the Company has a bona fide business purpose for not disclosing publicly. 

“Affiliate” of any specified Person shall mean any other Person directly, or indirectly through one or more
intermediaries, controlling or controlled by or under direct or indirect common control with such specified Person. 

“Agreement” shall have the meaning set forth in the Preamble. 

“Beneficial Owner” or “Beneficially Own” have the meanings given to such terms in Rule 13d-3 under
the Exchange Act. 
 “Business Day” means any day that is not a Saturday, Sunday or any other day on which
banks are required or authorized by Law to be closed in Torino, Italy or New York City, New York. 
 “Call Option
Agreement” means the Call Option Agreement, dated June 10, 2009 between Fiat Parent, the VEBA and the VEBA Holdcos. 
 “Canada” shall have the meaning set forth in the preamble. 

“Closing Date” shall have the meaning set forth in the Master Transaction Agreement. 

“Code” means the United States Internal Revenue Code of 1986, as amended from time to time. 

“Company” shall have the meaning set forth in the Preamble. 

“Company Equity Securities” shall mean the Membership Interests of the Company issued under the Company LLC Agreement.

 “Company LLC Agreement” shall mean the Amended and Restated Limited Liability Company Operating Agreement of
the Company, dated and effective as of June 10, 2009, as amended, supplemented or otherwise modified from time to time. 

“Competitor” means a mass producer of automobiles and light trucks. 

“Consent” means any consent, approval, authorization, waiver, grant, franchise, concession, agreement, license,
exemption or other permit or order of, registration, declaration or filing with, or report or notice to, any Person. 

  
 DA-1

 “Control” when used with respect to any specified Person shall mean the
power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “Controlling” and “controlled” shall
have meanings correlative to the foregoing. 
 “Controlling Interest” means a “controlling interest”
within the meaning of Section 414(b) of the Code, as amended. 
 “Demand Member” means any of Fiat, the
VEBA Holdcos, the US Treasury and Canada; provided; however that all of the VEBA Holdcos acting together shall constitute one Demand Member. 
 “Demand Members’ Counsel” shall have the meaning set forth in Section 3.7. 
 “Demand Notice” shall have the meaning set forth in Section 3.2(a). 
 “Demand Registration” shall have the meaning set forth in Section 3.2(a). 
 “Demand Registration Statement” shall have the meaning set forth in Section 3.2(b). 
 “Entity” means any general partnership, limited partnership, corporation, association, cooperative, joint stock company, trust, limited liability company, business or statutory trust,
joint venture, unincorporated organization or Governmental Entity. 
 “ERISA” means the Employee Retirement
Income Security Act of 1974, as amended, and the rules and regulations thereunder. 
 “Equity Securities”
means, as applicable, (i) any capital stock, membership or limited liability company interests or other share capital, (ii) any securities directly or indirectly convertible into or exchangeable for any capital stock, membership or limited
liability company interests or other share capital or containing any profit participation features, (iii) any rights or options directly or indirectly to subscribe for or to purchase any capital stock, membership or limited liability company
interests, other share capital or securities containing any profit participation features or to subscribe for or to purchase any securities directly or indirectly convertible into or exchangeable for any capital stock, membership or limited
liability company interests, other share capital or securities containing any profit participation features, (iv) any share appreciation rights, phantom share rights or other similar rights, or (v) any Equity Securities issued or issuable
with respect to the securities referred to in clauses (i) through (iv) above in connection with a combination of shares, recapitalization, merger, consolidation, conversion or other reorganization. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Fiat” shall have the meaning set forth in the Preamble. 

“Fiat Group” means Fiat Parent and its Subsidiaries, excluding the Company and the Company’s Subsidiaries.

 “Fiat Parent” means Fiat S.p.A., a Sociéta per Azioni organized under the laws of Italy.

  
 DA-2

 “Governmental Entity” means any court, administrative agency or commission
or other governmental authority, arbitral body or instrumentality, whether federal, state, local or foreign and any applicable industry self-regulatory organization. 
 “Government Loan Termination Date” means the date on which the First Lien Working Capital Credit Facility, dated June 10, 2009, among the US Treasury and the other parties named
therein, and the acquisition funding facility made available to the Company pursuant to loans from the Government of Canada on the date hereof have been repaid in full, after giving effect to the contemporaneous application of any proceeds to the
Company from any exercise by Fiat of any call option, and all commitments thereunder have been terminated. 

“Indemnitee” shall have the meaning set forth in Section 4.1. 

“Indemnitor” shall have the meaning set forth in Section 4.2, but in all cases shall exclude the US Treasury
and Canada. 
 “Independent Director” means a member of the Company’s Board of Directors (as that term is
defined in the Company LLC Agreement) that is independent of the Company, as determined by reference to the list of enumerated relationships precluding independence under the listing rules of the New York Stock Exchange. 

“Initial Lock-Up Period” shall have the meaning set forth in Section 3.5. 

“Initial Sale Time” shall have the meaning set forth in Section 4.1. 

“IPO” means with respect to the Company, an initial public offering of the equity securities of the Company or any of
its Affiliates holding the majority of the Company’s assets used in automobile design, production, marketing, distribution and sales, whether such offering is primary or secondary, underwritten by a nationally recognized investment bank,
pursuant to a registration statement filed under the Securities Act and declared effective by the SEC (other than a registration effected solely to implement an employee benefit plan or a transaction to which Rule 145 under the Securities Act is
applicable, or a registration statement on Form S-4, Form S-8 or a successor to one of those forms). 
 “Issuer
Free Writing Prospectus” means an issuer free writing prospectus (as defined in Rule 433 under the Securities Act) relating to an offer of the Registrable Securities. 
 “Law” means any applicable United States or non-United States federal, provincial, state or local statute, common law, rule, regulation, ordinance, permit, order, writ, injunction,
judgment or decree of any Governmental Entity. 
 “LLC Act” means the Delaware Limited Liability Company Act,
as may be amended from time to time. 
 “Losses” shall have the meaning set forth in Section 4.1.

 “Master Transaction Agreement” means the Master Transaction Agreement, between Fiat S.p.A, New Carco
Acquisition LLC, Chrysler LLC and the other Sellers identified therein, dated as of April 30, 2009, as amended. 

  
 DA-3

 “Material Adverse Change” means (i) any general suspension of trading
in, or limitation on prices for, securities on any national securities exchange or the over-the-counter market in the United States of America; (ii) the declaration of a banking moratorium or any suspension of payments in respect of banks in
the United States of America; (iii) a material outbreak or escalation of armed hostilities or other international or national calamity involving the United States of America or the declaration by the United States of a national emergency or war
or a change in national or international financial, political or economic conditions; or (iv) any material adverse change in the Company’s business, condition (financial or otherwise) or prospects. 

“Member” means each Person who appears on the Schedule of Members attached to the Company LLC Agreement, as
amended from time to time, or is hereafter admitted as a member of the Company in accordance with the terms of this Agreement, the Company LLC Agreement and the Securities Act. The Members shall constitute the “members” (as such term is
defined in the Act) of the Company. Except as otherwise set forth herein or in the LLC Act, the Members shall constitute a single class or group of members of the Company for all purposes of the LLC Act and this Agreement. 

“Membership Interest” means the class or classes of limited liability company interests of a Member in the Company, as
provided for in the Company LLC Agreement , and also the right of such Member to any and all of the benefits to which such Member may be entitled as provided in this Agreement, the Company LLC Agreement and the LLC Act, together with the obligations
of such Member to comply with all the provisions of this Agreement, the Company LLC Agreement and the LLC Act. 

“Offering Limitation” means that the managing or lead underwriter(s) selected by the Company of any underwritten public
offering advises the Company in writing that in its opinion, the dollar amount of any class, series or other type of securities requested to be included in such offering (whether by any Shareholder, the Company or any other holders thereof permitted
(by contractual agreement with the Company or otherwise) to include such securities in such offering) exceeds the dollar amount of such class, series or type of securities which can be sold in such offering (whether by reason of the inclusion of
another class, series or type of securities in such offering (including Registrable Securities or other Equity Securities) or otherwise) without adversely affecting the price, timing, distribution or marketability of the securities of such class,
series or type requested to be included in such offering. 
 “Other Securities” means any Company Equity
Securities held by a third party which are contractually entitled to registration rights or which the Company is registering pursuant to a Registration Statement covered by this Agreement. 

“Person” means any individual, partnership, firm, corporation, limited liability company, association, trust,
unincorporated organization or other entity, as well as any syndicate or group that would be deemed to be a person under Section 13(d)(3) of the Exchange Act. 
 “Piggyback Notice” shall have the meaning set forth in Section 3.3. 
 “Piggyback Registration” shall have the meaning set forth in Section 3.3. 

  
 DA-4

 “Prospectus” means the prospectus included in any Registration Statement
(including a prospectus that discloses information previously omitted from a prospectus filed as part of an effective Registration Statement in reliance upon Rule 430A promulgated under the Securities Act), as amended or supplemented by any
prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration Statement, any Issuer Free Writing Prospectus related thereto, and all other amendments and supplements to such
prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such prospectus. 
 “Registrable Securities” means, at any time, (a) any Company Equity Securities held from time to time by any Shareholder, and (b) any securities issued in exchange for or in
respect of the foregoing, whether pursuant to a merger or consolidation, as a result of any stock split or reclassification of, or share dividend on, any of the foregoing or otherwise. For purposes of this Agreement, any Registrable Securities shall
cease to be Registrable Securities when (a) a registration statement covering such Registrable Securities has been declared effective and such Registrable Securities have been disposed of pursuant to such effective registration statement,
(b) all such Registrable Securities held by a Demand Member may disposed of pursuant to Rule 144 in a single transaction without volume limitation or other restrictions on transfer thereunder, (c) such Registrable Securities are sold by a
Person in a transaction in which the rights under the provisions of this Agreement are not assigned, or (d) such Registrable Securities shall cease to be outstanding. 
 “Registration Statement” means any registration statement of the Company under the Securities Act which permits the public offering of any of the Registrable Securities pursuant to the
provisions of this Agreement, including the Prospectus, amendments and supplements to such registration statement, including post-effective amendments, all exhibits and all material incorporated by reference or deemed to be incorporated by reference
in such registration statement. 
 “Registration Trigger” shall have the meaning set forth in
Section 3.1. 
 “Representatives” means, with respect to any Person, any of such Person’s
officers, directors, employees, agents, attorneys, accountants, actuaries, consultants, financial advisors or other Person acting on behalf of such Person. 
 “Requesting Demand Member” shall have the meaning set forth in Section 3.2(a). 
 “Rule 144” means Rule 144 under the Securities Act or any successor rule thereto. 
 “Rule 144A” means Rule 144A under the Securities Act or any successor rule thereto. 
 “SEC” means the United States Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Shareholder” shall have the meaning set forth in the Recitals. 

“Shelf Offering” shall have the meaning set forth in Section 3.1. 

“Shelf Period” shall have the meaning set forth in Section 3.1. 

  
 DA-5

 “Shelf Registration Statement” means a Registration Statement of the
Company on Form S-3 (or any successor form or other appropriate form under the Securities Act) filed with the SEC for an offering to be made on a continuous or delayed basis pursuant to Rule 415 under the Securities Act covering Registrable
Securities. To the extent the Company is a well-known seasoned issuer (as defined in Rule 405 under the Securities Act), a “Shelf Registration Statement” shall be deemed to refer to an automatic shelf registration statement (as defined in
Rule 405 under the Securities Act) on Form S-3. 
 “Shelf Take-Down Notice” shall have the meaning set forth in
Section 3.1. 
 “Subsidiary” means, with respect to any Person, any corporation, partnership,
limited liability company, or other organization, whether incorporated or unincorporated, which is Controlled by such Person. 

“Terminated Shareholder” shall have the meaning set forth in Section 6.2. 

“Transfer” means any sale, transfer, assignment (other than a contingent assignment for the benefit of creditors),
exchange, or other disposition of an interest (whether with or without consideration, whether voluntarily or involuntarily or by operation of Law). The terms “Transferee,” “Transferor,”
“Transferred,” and other forms of the word “Transfer” shall have the correlative meanings. A Transfer shall also include the entering into of any financial instrument or contract the value of which is determined by
reference to the Company’s Membership Interests (including the amount of the Company’s distributions, the value of the Company’s assets or the results of the Company’s operations). 

“Trust” shall have the meaning set forth in Section 2.1. 

“US Treasury” shall have the meaning set forth in the Preamble. 

“VEBA” shall have the meaning set forth in the Preamble. 

“VEBA Call Option” shall have the meaning set forth in Section 2.3(a). 

“VEBA Entity” shall mean the VEBA and each of the VEBA Holdcos. 

“VEBA Holdco” shall have the meaning set forth in the Preamble. 

“VEBA Proceeds Limit” means (x) prior to January 1, 2010, $4,250,000,000 and (y) on or after
January 1, 2010, $4,250,000,000 plus interest accrued at a rate equal to 9% per year. 
 “VEBA Recapture
Agreement” means the VEBA Recapture Agreement, dated June 10, 2009 between US Treasury, VEBA and the VEBA Holdcos. 

  
 DA-6UAW Retiree Settlement Agreement, dated June 10, 2009

 Exhibit 10.14 
 UAW RETIREE SETTLEMENT AGREEMENT 
 This settlement agreement, dated as
indicated below (together with the Exhibits hereto, the “Settlement Agreement”), is between New CarCo Acquisition LLC (“Newco”), by and through its attorneys, and the International Union, United Automobile,
Aerospace and Agricultural Implement Workers of America (“UAW”), by and through its attorneys. The UAW also enters into this Settlement Agreement as the authorized representative, as defined in Section 1114(c)(1) of Title 11 of
the United States Code (the “Bankruptcy Code”), of those persons receiving retiree benefits, as defined in Section 1114(a) of the Bankruptcy Code, pursuant to collectively bargained plans, programs and/or agreements between
Newco and the UAW and who are members of the Class or the Covered Group, as those terms are defined herein. Collectively, the UAW, Newco, the Class, and the Covered Group are referred to as the “Parties.” 

This Settlement Agreement shall cover and has application to: 
 (i) the Class; 
 (ii) the Covered Group; 

(iii) the UAW; 

(iv) Newco; and 

(v) the Newco Plan. 
 Chrysler, LLC (“Chrysler”) agreed to provide certain retiree medical benefits specified in the Memorandum of Understanding Post-Retirement Medical Care, dated October 12, 2007,
between Chrysler and the UAW and in the Memorandum of Understanding Post-Retirement Medical Care, dated April 29, 2009, between Chrysler and the UAW (together, the “MOUs”). 

Chrysler and the UAW, along with respective class representatives of the plaintiff class members in the case of UAW v. Chrysler,
LLC, Civ. Act. No. 2:07-cv-14310 (E.D. Mich. complaint filed October 11, 2007) (the “English Case”), entered into a settlement agreement that was approved by the Court on July 31, 2008 (the
“Chrysler Retiree Settlement”), which provides for Chrysler to make certain deposits and remittances to the UAW Retiree Medical Benefits Trust for the provision of retiree medical benefits. 

Subsequent to entering into the MOUs and the Chrysler Retiree Settlement, Chrysler filed a bankruptcy action known as In Re: Chrysler
LLC, et al., Case No. 09-B-50002-ajg (S.D.N.Y, bankruptcy petition filed April 30, 2009) pursuant to which Newco purchased certain assets of Chrysler. The UAW asserts, and Newco denies, that Newco is bound by the MOUs as a successor to
Chrysler and is, therefore, responsible for providing the retiree medical benefits contemplated in the MOUs and the Chrysler Retiree Settlement. After due consideration of the factual and legal arguments regarding this issue, as well as the costs,
risks, and delays associated with litigating the issue, Newco and the UAW have agreed to enter into this Settlement 

  
 - 1 -

 
Agreement, which will be presented to the Bankruptcy Court for approval after notice is provided to affected parties. 
 This Settlement Agreement recognizes and approves on the basis set forth herein: (i) the adoption of the Newco Plan as set forth in Exhibit F to this Settlement Agreement; (ii) the
amendment of the terms of the Newco Plan, as set forth in Exhibit G to this Settlement Agreement; (iii) the amendment of the Newco Plan to terminate coverage for and exclude from coverage the Class and the Covered Group; (iv) the amendment
of the New VEBA as set forth in Exhibit D to this Settlement Agreement; (v) the division of the Existing Internal VEBA into the UAW Related Account and Non-UAW Related Account and the transfer of the UAW Related Account to the New VEBA;
(vi) the termination of participation by the Class and the Covered Group under the Existing Internal VEBA; (vii) that all claims for Retiree Medical Benefits incurred on or after the Implementation Date by the Class and the Covered Group,
including but not limited to COBRA continuation coverage where such election is or had been made on or after retirement and any coverage provided on a self-paid basis in retirement, shall be solely the responsibility and liability of the New Plan
and the New VEBA; (viii) the Committee’s designation under the New Plan and New VEBA as named fiduciary and administrator of the New Plan; (ix) that the New Plan shall replace the Amended Plan regarding the provision of Retiree
Medical Benefits to the Class and the Covered Group; (x) that the New VEBA shall receive certain payments as described herein from the Existing Internal VEBA and Newco; (xi) that Newco’s obligation to pay into the New VEBA is fixed
and capped as described herein; and (xii) that the New VEBA shall serve as the exclusive funding mechanism for the New Plan. 
  

	 	1.	Definitions 

Adjustment Event. The term “Adjustment Event” is defined in Section 10.A of this Settlement Agreement. 

Administrative Changes. The term “Administrative Changes” shall mean those plan design changes set forth in Annex 2 to
Exhibit F to this Settlement Agreement. 
 Admissions. The term “Admissions” shall mean any statement,
whether written or oral, any act or conduct, or any failure to act, that could be used (whether pursuant to Rules 801(d)(2) or 804(b)(3) of the Federal Rules of Evidence, a similar rule or standard under other applicable law, the doctrines of waiver
or estoppel, other rule, law, doctrine or practice, or otherwise) as evidence in a proceeding of proof of agreement with another party’s position or proof of adoption of, or acquiescence to, a position that is contrary to the interest of the
party making such statement, taking such action, or failing to act. 
 Affiliate. The term “Affiliate” shall
mean, with respect to any specified person, any other person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with such specified person. 

Affordability Test. A Class Member who is a retiree or surviving spouse shall be deemed to meet the “Affordability Test”
and be considered a Protected Retiree if, based on the calculations and qualifications set forth in Section F.(i) of Exhibit F to this Settlement Agreement, such person is (a) entitled to an annual pension benefit income under the
Pension 

  
 - 2 -

 
Plan of $8,000 or less, and (b) receives a pension under the Pension Plan calculated based on a monthly Basic Pension Rate (as established in Appendix B of the Pension Plan as
applicable) of $33.33 or less per year of credited service, or, in the case of a surviving spouse, a Basic Pension Rate reduced as set forth in Section 9 of the Pension Plan. 

Amended Plan. The term “Amended Plan” shall mean the Newco Plan as amended in accordance with Exhibit G to this
Settlement Agreement. 
 Approval Order or Judgment. The terms “Approval Order” or “Judgment” shall
mean an order obtained from the Bankruptcy Court approving and incorporating this Settlement Agreement in all respects, as set forth in Section 24 of this Settlement Agreement. 

Bankruptcy Court. The term “Bankruptcy Court” shall mean the United States Bankruptcy Court for the Southern District of
New York or such other United States federal court of competent jurisdiction with respect to In Re Chrysler LLC, et al., Case No. 09-B-50002-ajg (S.D.N.Y. bankruptcy petition filed April 30, 2009). 

Benefits. The term “Benefits” shall have the meaning given to such term in the Trust Agreement. 

Call Option Agreement. The term “Call Option Agreement” shall mean the Call Option Agreement substantially in the form
which is set forth in Exhibit B to this Settlement Agreement. 
 Catastrophic Plan. The term “Catastrophic
Plan” shall mean the health care plan for catastrophic health care expenses described in Annex 1 to Exhibit F to this Settlement Agreement and in Section B of Exhibit F to this Settlement Agreement. 

Chrysler. The term “Chrysler” is defined in the third paragraph of this Settlement Agreement. 

Chrysler Asset Management Guidelines. The term “Chrysler Asset Management Guidelines” shall mean Chrysler’s asset
management guidelines, copies of which have been provided to the UAW, as the same may be amended from time to time by Newco (which shall notify the UAW and the Committee about any such intended amendments in a timely manner). 

Chrysler Plan. The term “Chrysler Plan” shall mean the 2007 Chrysler-UAW Health Care Program as set forth in Exhibit B
of the 2007 and prior Chrysler-UAW National Agreements, as applicable to those Newco-UAW Represented Employees who had attained seniority prior to September 14, 2007. 
 Chrysler Retiree Settlement. The term “Chrysler Retiree Settlement” is defined in the fourth paragraph of this Settlement Agreement. 

Chrysler-UAW National Agreements. The term “Chrysler-UAW National Agreements” shall mean the agreement(s) negotiated on
a multi-facility basis and entered into between Chrysler and the UAW covering Chrysler employees represented by the UAW. The current Chrysler-UAW National Agreement is dated October 29, 2007. All references to the
Chrysler-

  
 - 3 -

 
UAW National Agreement shall be deemed to include the following agreements as the same may be amended, supplemented, or restated: (i) the Production, Maintenance and Parts National
Agreement, (ii) the Engineering Office & Clerical National Agreement, (iii) the Toledo Assembly Plant/Jeep Unit, Local 12 Agreement, (iv) Daimler Chrysler Financial Services North America, LLC (Farmington) and
(v) Daimler Chrysler Financial Services North America, LLC (Detroit). 
 Class or Class Members. The term
“Class” or “Class Members” shall mean all persons who are: 
 (i) Newco-UAW Represented Employees who, as of
October 29, 2007, were retired from Chrysler with eligibility for Retiree Medical Benefits under the Chrysler Plan, and their eligible spouses, surviving spouses and dependents; 

(ii) surviving spouses and dependents of any Newco-UAW Represented Employees who attained seniority and died on or prior to
October 29, 2007 under circumstances where such employee’s surviving spouse and/or dependents are eligible to receive Retiree Medical Benefits from Chrysler and/or the Chrysler Plan; 

(iii) former Newco-UAW Represented Employees or UAW-represented employees who, as of October 29, 2007, were retired from any
previously sold, closed, divested or spun-off Chrysler business unit with eligibility to receive Retiree Medical Benefits from Chrysler and/or the Chrysler Plan by virtue of any agreement(s) between Chrysler and the UAW, and their eligible spouses,
surviving spouses, and dependents; and 
 (iv) surviving spouses and dependents of any former Chrysler-UAW Represented Employee
or UAW-represented employee of a previously sold, closed, divested or spun-off Chrysler business unit, who attained seniority and died on or prior to October 29, 2007 under circumstances where such employee’s surviving spouse and/or
dependents are eligible to receive Retiree Medical Benefits from Chrysler and/or the Chrysler Plan. 
 Class A
Membership Interests. The term “Class A Membership Interests” shall have the meaning given to such term in the Newco LLC Agreement. 
 Class Counsel. The term “Class Counsel” shall mean the firm of Stember, Feinstein, Doyle & Payne, LLC and counsel with whom they associate, or a successor. 

Closing Date. The term “Closing Date” shall have the meaning given to the term in the Master Transaction Agreement,
dated as of April 30, 2008, among Fiat, S.p.A., Newco and Chrysler, and the other sellers identified therein. 

Code. The term “Code” shall mean the Internal Revenue Code of 1986, as amended. 

Co-insurance. The term “co-insurance” shall mean an amount that an enrollee is required to pay to a provider for a
covered service or supply when such amount is calculated as a percentage of the covered expense for the service or supply. 

  
 - 4 -

 Co-payment. The term “co-payment” shall mean a fixed-dollar amount that an
enrollee is required to pay to a provider for a covered service or supply at the time the service or supply is provided. 

Committee. The term “Committee” shall mean the governing body set forth in Section 4.A of this Settlement Agreement
that acts on behalf of the EBA and serves as the named fiduciary and administrator of the New Plan, as those terms are defined in ERISA and that is so described in the Trust Agreement. 

Contributions. The term “Contributions” is defined in Section A.(ii)(b) of Exhibit F to this Settlement
Agreement. 
 Court. The term “Court” shall mean the United States District Court for the Eastern District of
Michigan. 
 Covered Group. The term “Covered Group” shall mean: 

(i) all Newco Active Employees who had attained seniority as of September 14, 2007, and who retire after October 29, 2007 under
the Chrysler-UAW National Agreements, or any other agreement(s) between Chrysler and the UAW or Newco and the UAW, and who upon retirement are eligible for Retiree Medical Benefits under the Chrysler Plan or the New Plan, as applicable, and their
eligible spouses, surviving spouses and dependents; 
 (ii) all former Newco-UAW Represented Employees and all UAW-represented
employees who, as of October 29, 2007, remained employed in a previously sold, closed, divested, or spun-off Chrysler business unit, and upon retirement are eligible for Retiree Medical Benefits from Chrysler and/or the Chrysler Plan or the New
Plan by virtue of any other agreement(s) between Chrysler and the UAW or Newco and the UAW, and their eligible spouses, surviving spouses and dependents; and 
 (iii) all eligible surviving spouses and dependents of Newco Active Employees, or of former Newco-UAW Represented Employees or UAW-represented employees identified in (ii) above, who attained
seniority on or prior to September 14, 2007 and die after October 29, 2007 but prior to retirement under circumstances where such employee’s surviving spouse and/or dependents are eligible for Retiree Medical Benefits from Chrysler
and/or the Chrysler Plan or the New Plan, as applicable. 
 Determination Materials. The term “Determination
Materials” is defined in Section 10.B of this Settlement Agreement. 
 Dispute Party. The term “Dispute
Party” is defined in Section 23.B(i) of this Settlement Agreement. 
 DOL. The term “DOL” shall mean
the United States Department of Labor. 
 Due Date. The term “Due Date” is defined in Section D.(iii) of
Exhibit F to this Settlement Agreement. 

  
 - 5 -

 ED Drugs. The term “ED Drugs” shall mean Viagra, Levitra, Cialis and other
drugs prescribed for treatment of erectile dysfunction. 
 Employees Beneficiary Association or EBA. The term
“Employees Beneficiary Association” or “EBA” shall mean the employee organization, within the meaning of section 3(4) of ERISA, that is organized for the purpose of establishing and maintaining the New Plan, with a membership
consisting of the individuals who are members of the Class and the Covered Group, and on behalf of which the Committee acts. 

English Case. The term “English Case” is defined in the fourth paragraph of this Settlement
Agreement. 
 Equity Subscription Agreement. The term “Equity Subscription Agreement” shall mean the Equity
Subscription Agreement substantially in the form which is set forth in Exhibit C4 to this Settlement Agreement. 
 ERISA.
The term “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 
 Existing Internal
VEBA. The term “Existing Internal VEBA” shall mean the Chrysler VEBA Trust between Chrysler and State Street Bank and Trust Company, which will be maintained by Newco from the Closing Date. 

Fiat. The term “Fiat” shall mean [Fiat Newco] [i.e., the Fiat entity signing the Shareholders Agreement]. 

Final Due Date. The term “Final Due Date” is defined in Section D.(ii) of Exhibit F to this Settlement Agreement.

 Final Effective Date. The term “Final Effective Date” shall mean the date of the Closing Date. 

General Retirees. The term “General Retirees” shall mean retirees or surviving spouses in the Class or the Covered Group
who (i) do not meet the Affordability Test and (ii) are enrolled in, and continue to meet all eligibility requirements for, the Amended Plan. 
 Implementation Date. The term “Implementation Date” shall mean the later of January 1, 2010 or the Final Effective Date. 

Indemnification Liabilities. The term “Indemnification Liabilities” is defined in Section 20 of this Settlement
Agreement. 
 Indemnified Party. The term “Indemnified Party” is defined in Section 20 of this Settlement
Agreement. 
 Indemnity Expenses. The term “Indemnity Expenses” is defined in Section 20 of this
Settlement Agreement. 

  
 - 6 -

 Indenture. The term “Indenture” shall mean the Indenture, substantially in
the form which is set forth in Exhibit A to this Settlement Agreement. 
 Independent Attestation. The term
“Independent Attestation” shall mean an agreed-upon procedures engagement performed for Newco, the UAW and the Committee by a nationally recognized independent registered public accounting firm selected by Newco and conducted in accordance
with the attestation standards of the Public Company Accounting Oversight Board, the subject matter of which would be (i) in the case of an Adjustment Event under Section 10.A(i) of this Settlement Agreement, whether the balance of the
Existing Internal VEBA and/or specified assets therein have been valued in accordance with the Chrysler Asset Management Guidelines; or (ii) in the case of an Adjustment Event under Section 10.A(ii) or 10.A(iii) of this Settlement
Agreement, whether specified assets of the Existing Internal VEBA have been valued in accordance with the Chrysler Asset Management Guidelines. The agreed-upon procedures shall be mutually agreed among the accounting firm, Newco and the Committee in
connection with any such engagement. 
 Independent Audit. The term “Independent Audit” shall mean an audit of
the consolidated financial statements of Chrysler or Newco, as applicable, performed in accordance with the standards of the Public Company Accounting Oversight Board by the independent registered public accounting firm that has been designated by
Chrysler or Newco, whichever the case may be based on the context used herein. 
 Indexed Amounts. The term “Indexed
Amounts” is defined in Section A.(ii)(i) of Exhibit F to this Settlement Agreement. 
 Initial Accounting Period.
The term “Initial Accounting Period” shall mean the period before the date that Newco determines that its obligations, if any, with respect to the New Plan made available to the Class and the Covered Group are subject to settlement
accounting as contemplated by paragraphs 90-95 of FASB Statement No. 106, as amended, or its functional equivalent. 

Initial Effective Date. The term “Initial Effective Date” shall mean the date the Bankruptcy Court issues the Approval
Order. 
 Initial Plan Amendment Date. The term “Initial Plan Amendment Date” shall mean the later of
July 1, 2009 and the date the Bankruptcy Court issues the Approval Order. 
 Interest. The term “Interest”
shall mean, an interest rate of nine percent (9%) per annum computed on the basis of a 360-day year consisting of twelve 30-day months and the number of days elapsed in any partial month, credited and compounded annually, unless otherwise
specified in this Settlement Agreement. 
 Joint Insurance Committee. The term “Joint Insurance Committee”
shall mean the Committee identified in Exhibit B, Article I, Section 4 of the Newco Plan. 
 MOU. The term
“MOU” shall mean the Memorandum of Understanding Post-Retirement Medical Care, dated October 12, 2007, between Chrysler and the UAW, as well as 

  
 - 7 -

 
the Memorandum of Understanding Post-Retirement Medical Care, dated April 29, 2009, between Chrysler and the UAW, whichever the case may be based on the context used herein. 

National Institute for Health Care Reform or Institute. The term “National Institute for Health Care Reform” or
“Institute” is defined in Section 28 of this Settlement Agreement. 
 New Plan. The term “New
Plan” shall mean the new retiree welfare benefit plan that is the subject of this Settlement Agreement, and that is funded in part by the Newco Separate Retiree Account, which New Plan shall provide Retiree Medical Benefits to the Class and the
Covered Group. 
 New VEBA. The term “New VEBA” shall mean the UAW Retiree Medical Benefits Trust that was
established pursuant to the Chrysler Retiree Settlement and is further described in Section 4 of this Settlement Agreement. 
 Newco. The term “Newco” is defined in the first paragraph of this Settlement Agreement. 
 Newco Active Employees. The term “Newco Active Employees” shall mean those employees of Newco or, for periods prior to April 30, 2009, Chrysler who, as of September 14, 2007 or
any date thereafter, are covered by the 2007 Chrysler-UAW National Agreement or are covered by any subsequent Newco-UAW National Agreements. For purposes of this definition, “active employee” shall include employees on vacation, layoff,
protected status, medical or other leave of absence, and any other employees who have not broken seniority as of September 14, 2007. 
 Newco Equity. The term “Newco Equity” shall mean that number of Class A Membership Interests to be issued to the New VEBA pursuant to the terms and conditions of the Equity
Subscription Agreement. 
 Newco LLC Agreement. The term “Newco LLC Agreement” shall mean the Amended and
Restated Limited Liability Company Operating Agreement substantially in the form which is set forth in Exhibit C3 to this Settlement Agreement. 
 Newco LLC Interests. The term “Newco LLC Interests” shall mean the outstanding common limited liability company interests of Newco. 

Newco Note. The term “Newco Note” shall mean the $4,587 million aggregate principal amount Note Due 2023 issued under
the Indenture, a form of which is attached as Exhibit A to the Indenture. 
 Newco Plan. The term “Newco Plan”
shall mean the plan set forth in Exhibit F to this Settlement Agreement. 
 Newco Separate Retiree Account. The
term “Newco Separate Retiree Account” shall have the meaning given to the term in the Trust Agreement. 

  
 - 8 -

 Newco-UAW Represented Employees. The term “Newco-UAW Represented Employees”
shall mean those individuals represented by the UAW in their employment with Newco, including employees of Chrysler for periods prior to April 30, 2009 who were represented by the UAW in their employment with Chrysler. 

Non-Participating Retirees. The term “Non-Participating Retirees” shall mean retirees or surviving spouses in the Class
or the Covered Group who do not meet the Affordability Test and who (i) enroll in the Catastrophic Plan or (ii) default into the Catastrophic Plan by failing to pay the monthly Contributions by the Final Due Date as required under the
Amended Plan. 
 Non-UAW Related Account. The term “Non-UAW Related Account” is defined in Section 6.A of
this Settlement Agreement. 
 Parties. The term “Parties” is defined in the first paragraph of this Settlement
Agreement. 
 Pension Plan. The term “Pension Plan” shall mean the Newco-UAW Pension Agreement or the Newco
Financial-UAW Pension Agreements. 
 Plan Administrator. The term “Plan Administrator” shall mean the entity
defined as such in the Newco Plan. 
 Protected Retirees. The term “Protected Retirees” shall mean retirees or
surviving spouses in the Class or the Covered Group who meet the Affordability Test. 
 Registration Rights Agreement.
The term “Registration Rights Agreement” shall mean the Registration Rights Agreement substantially in the form which is set forth in Exhibit C1 to this Settlement Agreement. 

Relevant Newco Equity Agreements. The term “Relevant Newco Equity Agreements” means, collectively, the Equity
Subscription Agreement and the Shareholders Agreement. 
 Relevant New VEBA Equity Agreements. The term “Relevant
New VEBA Equity Agreements” means, collectively, the Call Option Agreement, the Equity Subscription Agreement, the Newco LLC Agreement and the Shareholders Agreement. 
 Retiree Medical Benefits. The term “Retiree Medical Benefits” shall mean all post retirement medical benefits, including but not limited to hospital surgical medical, prescription drug,
hearing aid and the $76.20 Special Benefit related to Medicare Part B Benefit, if applicable. 
 SEC. The term
“SEC” shall mean the U.S. Securities and Exchange Commission. 
 Settlement Actions. The term “Settlement
Actions” is defined in Section 26.A of this Settlement Agreement. 
 Settlement Agreement. The term
“Settlement Agreement” is defined in the first paragraph of this Settlement Agreement. 

  
 - 9 -

 Shareholders Agreement. The term “Shareholders Agreement” shall mean the
Shareholders Agreement substantially in the form which is set forth in Exhibit C2 to this Settlement Agreement. 

Subsidiary. The term “Subsidiary” shall mean any corporation or other entity of which at least a majority of the
outstanding stock or other beneficial interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other governing body of such corporation or other entity (irrespective of whether or not at the time
stock or other beneficial interests of any other class or classes of such corporation or other entity shall have or might have voting power by reason of the happening of any contingency) is at the time owned by Newco, or by one or more Subsidiaries,
or by Newco and one or more Subsidiaries. 
 Treasury Department. The term “Treasury Department” shall mean the
United States Department of the Treasury. 
 Trust Agreement. The term “Trust Agreement” shall mean the UAW
Retiree Medical Benefits Trust Agreement, as amended as set forth in Exhibit D to this Settlement Agreement. 
 2009
VEBA Term Sheet. The term “2009 VEBA Term Sheet” shall mean the term sheet dated April 16, 2009. 

UAW. The term “UAW” is defined in the first paragraph of this Settlement Agreement. 

UAW OPEB 12/31/07 Split. The term “UAW OPEB 12/31/07 Split” is defined in Section 6.A of this Settlement Agreement.

 UAW Related Account. The term “UAW Related Account” is defined in Section 6.A of this Settlement
Agreement. 
 UAW Related Amount. The term “UAW Related Amount” is defined in Section 6.A of this
Settlement Agreement. 
 UAW Releasees. The term “UAW Releasees” shall mean the UAW, the Class, the Covered
Group, Class Counsel and anyone claiming on behalf of, through or under them by way of subrogation or otherwise. 
  

	 	2.	Purpose of New Plan and New VEBA 

 The retiree benefits provided for in this Settlement Agreement have resulted from extensive negotiations and affect the rights of the Class and the Covered Group. Newco Active Employees are not members of
the Class. However, Newco Active Employees have ratified the MOU, which provides that, as of the Initial Effective Date, Newco Active Employees’ medical benefit coverage under the Newco Plan shall be modified by the Administrative Changes.

 Other than as described in the preceding paragraph, the medical benefit coverage for Newco Active Employees prior to their
retirement are not within the scope of this Settlement Agreement and shall continue to be provided in accordance with the terms of the applicable 

  
 - 10 -

 
collective bargaining agreement and health care benefit plan. Similarly, Retiree Medical Benefits for Newco-UAW Represented Employees who become seniority employees after September 14, 2007
are outside the scope of this Settlement Agreement and such benefits, if any, shall be provided in accordance with the applicable provisions of the Chrysler-UAW National Agreements. Nothing in this Settlement Agreement modifies the rights or
obligations of Newco or the UAW to negotiate over health care benefits for Newco Active Employees who are not members of the Covered Group and future retirees who are not members of the Covered Group upon the expiration of the Chrysler-UAW National
Agreements, or at any earlier time if Newco and the UAW mutually agree. Any changes resulting from subsequent negotiations shall be applied only to employees who retire after any such agreement is reached and shall not otherwise affect the rights of
Class Members or the Covered Group hereunder or Newco-UAW Represented Employees who become seniority employees after September 14, 2007 but who retire prior to the time any such agreement is reached. 

The ratified MOUs provide that the Covered Group shall receive their retiree health care benefits pursuant to the terms of this
Settlement Agreement and shall participate as Protected Retirees, General Retirees or Non-Participating Retirees, in the Newco Plan or the Amended Plan on the same basis as Class Members, subject to all the terms and conditions set forth in this
Settlement Agreement. With regard to participation in such plans, all references to Protected Retirees, General Retirees and Non-Participating Retirees in this Settlement Agreement shall be deemed to include the Covered Group. For purposes of this
Settlement Agreement, any reference to health care benefits to be provided hereunder to Class Members or the Covered Group shall be deemed to include such benefits provided to any of their respective spouses and dependents subject to all the terms
and conditions of the applicable plan, including but not limited to eligibility requirements. 
 The New Plan and the New VEBA
shall, as of the Implementation Date, be the employee welfare benefit plan and trust that are exclusively responsible for all Retiree Medical Benefits for which Newco, the Amended Plan and any other Newco entity or benefit plan formerly would have
been responsible with respect to the Class and the Covered Group. All assets paid or transferred by Newco to the New VEBA (including any investment returns thereon) shall be credited to a Newco Separate Retiree Account and must be used for the
exclusive purposes of (A) providing Retiree Medical Benefits to the participants of the New Plan and their eligible beneficiaries and (B) defraying the reasonable expenses of administering the New Plan, as set forth in the Trust Agreement.
All obligations of Newco, the Amended Plan and any other Newco entity or benefit plan for Retiree Medical Benefits for the Class and the Covered Group arising from any agreement(s) written, oral, or otherwise, between Newco and the UAW shall be
forever and irrevocably terminated as of the Implementation Date. Newco’s sole obligations to the New Plan and the New VEBA are those set forth in this Settlement Agreement. Eligibility rules for the New Plan shall be the same as those
currently included in the Amended Plan, and may not be expanded. 
  

	 	3.	Factual Investigation and Legal Inquiry and Decision to Settle 

 In 2007 and 2009, Chrysler agreed to provide certain retiree medical benefits specified in MOUs. Chrysler and the UAW, along with respective class representatives of the plaintiff class

  
 - 11 -

 
members in the English Case, entered into the Chrysler Retiree Settlement, which provided for Chrysler to make certain deposits and remittances to the UAW Retiree Medical Benefits for the
provision of retiree medical benefits. 
 In 2008, the news reports explained the financial difficulties faced by Chrysler. The
situation was caused by the severe economic recession which suddenly and dramatically reduced car sales in the second half of 2008. After several weeks of activity in Congress, the Treasury Department and the White House, the government ultimately
responded to this crisis by agreeing to provide short-term loans to Chrysler, on the condition that it very quickly engage in serious efforts to restructure its business operations, as well as its obligations to other parties, in order to restore
the business to financial health. Before the government took action, Chrysler faced an immediate risk of insolvency. Chrysler entered into the Loan and Security Agreement dated as of December 31, 2008 under which additional “VEBA
Modifications” were required by the Treasury Department. 
 Although the government loan allowed Chrysler to operate for
several months, Chrysler was unable to devise a plan that would allow it to operate as a sustainable enterprise in the future. As a consequence, Chrysler filed a bankruptcy action known as In Re Chrysler LLC, et al., Case
No. 09-B-50002-ajg (S.D.N.Y. bankruptcy petition filed April 30, 2009) pursuant to which Newco purchased certain assets of Chrysler. 
 The UAW asserts, and Newco denies, that Newco is bound by the MOUs as a successor to Chrysler and is therefore responsible for providing the retiree medical benefits contemplated in the MOUs and the
Chrysler Retiree Settlement. After due consideration of the factual and legal arguments regarding this issue as well as the costs, risks, and delays associated with litigating the issue, Newco and the UAW have agreed to enter into this Settlement
Agreement, which will be presented to the Bankruptcy Court for approval after notice is provided to affected parties. 

Throughout the 2009 negotiations over the terms of the Settlement Agreement, the parties engaged in extended discussions concerning the
impact of rising health care costs on Newco’s financial viability. Newco provided the UAW with extensive information as to its financial condition and health care expenditures. On behalf of the UAW, a team of investment bankers, actuaries, and
legal experts have reviewed Newco’s information, and provided the UAW with an assessment as to the state of Newco’s financial condition and analyzed the benefits of entering into the MOU. Newco officials also met with representatives of
the UAW and its team of experts and answered questions and provided further detail, as requested. The UAW and its team of experts have now analyzed, inter alia, the funds necessary to provide ongoing Retiree Medical Benefits through
the New Plan and the New VEBA. 
 The UAW has completed due diligence utilizing professional financial and legal advisors with
respect to the Settlement Agreement and determined that it is fair, reasonable and in the best interest of the Class and Covered Group. Class Counsel has also reviewed this Settlement Agreement and concurs that it is fair, reasonable and in the best
interest of the Class. 

  
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	 	4.	New Plan and New VEBA 

 A. Committee. The New Plan and New VEBA, both subject to ERISA, are to be administered by the Committee. The Committee consists of 11 members, 5 of whom have been appointed by the UAW and 6 of whom
are independent members who have been appointed pursuant to the Court’s July 31, 2008 order approving and implementing the Chrysler Retiree Settlement. It is anticipated by the Parties that these independent members of the Committee will
remain. In the event that any member of the Committee resigns, dies, becomes incapacitated or otherwise ceases to be a member, a replacement member shall be appointed as described in the Trust Agreement. 

Chrysler offered an early retirement/separation incentive program (the “Window Program”) from April 28, 2009
through May 25, 2009 (the “Window”). To be eligible to participate in the Window Program a Newco-UAW Represented Employee must have: (i) been a member of the Covered Group, (ii) been retirement eligible under the
Amended Plan, (iii) voluntarily terminated his or her employment with Chrysler during the Window, and (iv) met such other reasonable administrative terms and conditions as were adopted under the Window Program. Newco-UAW Represented
Employees who were eligible for and elected to participate in the Window Program shall receive, in addition to any other benefit offered under the Window Program, if any, Retiree Medical Benefits at levels that are equivalent to those provided to
Class Members and Covered Group members who are receiving Retiree Medical Benefits outside of the Window Program. Window Program participants’ Retiree Medical Benefits shall be provided by Newco until the expiration of the 24-month period that
began upon the Newco-UAW Represented Employee’s participation in the Window Program, as determined pursuant to administrative procedures adopted thereunder. Thereafter, the Window Program participant’s Retiree Medical Benefits shall be
provided exclusively by the New Plan and the New VEBA. Neither Newco nor the Newco Plan nor the Amended Plan shall have any responsibility to provide Retiree Medical Benefits to eligible Window Program participants beyond the twenty-four month
period described herein. 
 B. Establish and Maintain. The EBA, acting through the Committee, shall
establish and maintain the New Plan for the purpose of providing Retiree Medical Benefits to the Class and the Covered Group as set forth in this Settlement Agreement. The Committee shall begin administering the New Plan so as to be able to provide
Retiree Medical Benefits for the Class and the Covered Group with respect to claims incurred on or after the Implementation Date. The Committee established the New VEBA on October 16, 2008. The Approval Order shall provide for the amendment of
the New VEBA as provided in Exhibit D attached to this Settlement Agreement, such amendment to be effective as soon as administratively practicable after the issuance of the Approval Order. The New Plan shall be ERISA-covered and the New VEBA
shall meet the requirements of Section 501(c)(9) of the Code. All payments to the New Plan and the New VEBA made or caused to be made by Newco under the Settlement Agreement are payments pursuant to section 302(c)(2) of the Labor Management
Relations Act, 1947, as amended (“LMRA”), 29 U.S.C. 186(c)(2). 
 C. Limitation on Newco
Role. No member of the Committee shall be a current or former officer, director or employee of Newco or any member of the Newco 

  
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controlled group; provided, however, that a retiree who was represented by the UAW in his/her employment with Newco or an employee of Newco who is on leave from Newco and who is represented by
the UAW is not precluded by this provision from serving on the Committee. No member of the Committee shall be authorized to act for Newco or shall be an agent or representative of Newco for any purpose. Furthermore, Newco shall not be a fiduciary
with respect to the New Plan or New VEBA, and shall have no rights, obligations or responsibilities with respect to the New Plan or New VEBA other than as specifically set forth in this Settlement Agreement. 

 

	 	5.	Provision and Scope of Retiree Medical Benefits 

 A. Amended Plan. The terms and conditions of the Newco Plan shall remain in full force and effect until the Initial Plan Amendment Date. On the Initial Plan Amendment Date, the terms of the Newco
Plan shall be amended as set forth in Exhibit G. Such amendments become effective as of the Initial Plan Amendment Date and shall remain effective until otherwise amended or modified as provided under this Settlement Agreement. 

B. Before Initial Plan Amendment Date. With respect to claims incurred prior to the Initial Plan Amendment Date,
Retiree Medical Benefits for the Class and the Covered Group shall be provided in accordance with the Newco Plan. The payment by Newco and/or the Newco Plan of Retiree Medical Benefits for claims incurred prior to the Initial Plan Amendment Date
shall not reduce Newco’s payment obligations to the New Plan and the New VEBA under this Settlement Agreement. 
 C. On and After Initial Plan Amendment Date but Before Implementation Date. With respect to claims incurred on or after the Initial Plan Amendment Date up until the Implementation Date, Retiree
Medical Benefits for the Class and the Covered Group shall be provided by Newco pursuant to the terms of the Amended Plan. The payment by Newco and/or the Newco Plan and/or the Amended Plan for claims incurred prior to the Implementation Date shall
not reduce Newco’s payment obligations to the New Plan and the New VEBA under this Settlement Agreement; provided, however, if the Implementation Date occurs after January 1, 2010, any payments by Newco and/or the Amended Plan for claims
incurred by the Class and Covered Group from January 1, 2010 until the Implementation Date plus Interest accrued on such amount from and including the dates such claims were paid to the Implementation Date shall reduce dollar-for-dollar
Newco’s first fixed payment due July 15, 2010 under the Newco Note. 
 D. On and After
Implementation Date. With respect to claims incurred on and after the Implementation Date, the New Plan and the New VEBA shall have sole responsibility for and be the exclusive source of funds to provide Retiree Medical Benefits for the Class
and the Covered Group, including but not limited to COBRA continuation coverage where such election is made after retirement. Neither Newco, the Amended Plan, nor any other Newco person, entity, or benefit plan shall have any responsibility or
liability for Retiree Medical Benefits for individuals in the Class or the Covered Group for claims incurred on or after the Implementation Date. Newco’s sole obligations to the New Plan and the New VEBA are those set forth in this Settlement
Agreement. 

  
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 E. Amendment of New Plan. On and after January 1, 2010, the
Committee shall have such authority to establish Benefits as described in the Trust Agreement, including raising or lowering benefits. However, in no event may the Committee amend the New Plan or New VEBA to provide benefits other than Retiree
Medical Benefits until the expiration of the Initial Accounting Period. The ability of the New Plan and the New VEBA to pay for Retiree Medical Benefits will depend on numerous factors, many of which are outside of the control of UAW, the Committee,
the New Plan and the New VEBA, including, without limitation, the investment returns, actuarial experience and other factors. 
 F. Termination of the Newco Plan and Reimbursement of Newco. The Approval Order shall provide that all obligations of Newco and all provisions of the Newco Plan in any way related to Retiree
Medical Benefits for the Class and the Covered Group, and all provisions of applicable collective bargaining agreements, contracts, letters and understandings in any way related to Retiree Medical Benefits for the Class and the Covered Group are
forever and irrevocably terminated on the Implementation Date, or otherwise amended so as to be consistent with this Settlement Agreement and the fundamental understanding that all Newco obligations regarding Retiree Medical Benefits for the Class
and the Covered Group are terminated as set forth in this Settlement Agreement. The Approval Order will further provide that Summary Plan Descriptions of the Newco Plan are amended to reflect the termination of Newco and the Newco Plan
responsibilities for Retiree Medical Benefits for the Class and the Covered Group for claims incurred on or after the Implementation Date as set forth herein. 
 The New Plan and New VEBA shall reimburse Newco or the Amended Plan, as applicable, for any Retiree Medical Benefits advanced or provided by Newco or the Newco Plan with regard to claims incurred by
members of the Class and the Covered Group on or after the earlier of (a) the Implementation Date and (b) January 1, 2010, including, but not limited to situations where a retirement is made retroactive and the medical claims were
incurred on or after the Implementation Date or where Newco is notified of an intent by a member of the Class and the Covered Group to retire under circumstances where there is insufficient time to transfer responsibility for Retiree Medical
Benefits to the New Plan and Newco or the Amended Plan provides interim coverage for Retiree Medical Benefits. To the extent such reimbursement may not be permitted by law, the UAW, acting on its own behalf and as the authorized representative of
the Class and Covered Group, and the Committee shall fully cooperate with Newco in securing any legal or regulatory approvals that are necessary to permit such reimbursement. 

 

	 	6.	Division of Existing Internal VEBA 

 A. UAW Related Account. Pursuant to the terms of the Chrysler Retiree Settlement, effective January 1, 2008, for bookkeeping purposes only, Chrysler took the necessary steps to divide the
Existing Internal VEBA into two bookkeeping accounts. One account consists of the percentage of the Existing Internal VEBA’s assets as of January 1, 2008 that was equal to the estimated percentage of Chrysler’s OPEB liability covered
by the Existing Internal VEBA attributable to Non-UAW represented employees and retirees and their eligible spouses, surviving spouses and dependents (“Non-UAW Related Account”). The second account consists of the remaining
percentage of the assets in the Existing Internal VEBA as of January 1, 2008 less $500 million that Chrysler withdrew from the Existing Internal VEBA for 

  
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reimbursement of claims incurred under the Chrysler Plan (“UAW Related Account”). Chrysler used the same actuarial assumptions, generally consistent with past practice, in
respect of both the Non-UAW Related Account and the UAW Related Account, for estimating the percentage of Chrysler’s OPEB liability attributable to the Non-UAW Related Account and the UAW Related Account. 

The value of the UAW Related Account as of January 1, 2008 was determined to be equal to: (i) the percentage of Chrysler’s
OPEB liability as of December 31, 2007 attributable to UAW associated employees and retirees and their eligible spouses, surviving spouses and dependents (“UAW OPEB 12/31/07 Split”), multiplied by (ii) the Existing
Internal VEBA balance as of December 31, 2007. The UAW OPEB 12/31/07 Split was determined based on the percentage of (i) the discounted actuarial cash flows for health care and life insurance of OPEB obligations attributable to UAW
associated employees and retirees and their eligible spouses, surviving spouses and dependents, over (ii) the discounted actuarial cash flows for health care and life insurance of the entire Chrysler OPEB liability covered by the Existing
Internal VEBA. Both calculations were made as of December 31, 2007 using the valuation discount rate of the health care obligation of 6.5%. 
 The Existing Internal VEBA balance as of December 31, 2007 was determined using the December 31, 2007 valuation from State Street Bank and Trust Company, which was based on the existing Chrysler
Asset Management Guidelines. Chrysler’s OPEB obligation as of December 31, 2007 was determined in accordance with generally accepted accounting principles in the United States, including Statement of Financial Accounting Standards 106 and
158. 
 Both the determination of the Existing Internal VEBA balance as of December 31, 2007 and the Chrysler OPEB
obligation as of December 31, 2007 were subject to an Independent Audit and are final and binding on Chrysler, the UAW, the Committee, the Class and the Covered Group for purposes of this Settlement Agreement. The determination of the Existing
Internal VEBA balance as of December 31 of each succeeding year shall also be final and binding on Chrysler, the UAW, the Committee, the Class and the Covered Group for purposes of this Settlement Agreement upon an Independent Audit of each
respective succeeding year. 
 Utilizing the process referenced above, Chrysler determined that the UAW OPEB 12/31/07 Split was
98.51% percent. Chrysler provided the UAW with background information and work papers used to determine the UAW OPEB 12/31/07 Split. Thereafter, the UAW and Chrysler discussed Chrysler’s calculation, and agreed that such calculation shall be
final and binding on Chrysler, the UAW, the Committee, the Class and the Covered Group for purposes of this Settlement Agreement. 
 Based on the foregoing process, the amount in the UAW Related Account as of January 1, 2008, after giving effect to the $500 million withdrawal from the Existing Internal VEBA made by Chrysler for
reimbursement of claims incurred under the Chrysler Plan, was $2,177,930,400 (the “UAW Related Amount”). The UAW Related Amount was subsequently valued at $1,589,500,000 as of March 31, 2009. 

B. Investment of Assets. Newco shall oversee the investment of the assets in the Existing Internal VEBA with
respect to the UAW Related Account until such time as the 

  
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assets attributable to the UAW Related Account are transferred to the New VEBA pursuant to Section 9.A of this Settlement Agreement. All such assets shall continue to be invested under the
existing investment policy (as may be amended from time to time by Newco who shall notify the UAW and the Committee about intended amendments in a timely manner) applicable to the Existing Internal VEBA. Investment returns, net of Existing Internal
VEBA trust expenses (this shall only include expenses to the extent permitted by ERISA), on all assets of the Existing Internal VEBA on and after January 1, 2008 shall be applied to these accounts proportionally in relation to the value of the
assets in the UAW Related Account in relation to the total amount of assets in the Existing Internal VEBA. In other words, investment returns (i.e., the percentage return on the total Existing Internal VEBA), net of Existing Internal VEBA trust
expenses (this shall only include expenses to the extent permitted by ERISA), shall be applied to the value of the UAW Related Account and separately to the value of the Non-UAW Account (as adjusted to reflect any withdrawals by Chrysler or Newco).
However, neither Chrysler nor Newco guarantee or warrant the investment returns on the assets in the Existing Internal VEBA. 

Newco agrees to periodically inform and hold discussions with the UAW and the Committee about the investment results of and decisions
regarding the assets in the Existing Internal VEBA. Newco shall, with respect to the performance of its duties in managing the Existing Internal VEBA, participate in the following meetings and provide the following reports to the UAW and the
Committee: (i) quarterly reports of Existing Internal VEBA asset class and benchmark performance for relevant time periods; and (ii) semi-annual or quarterly meetings with UAW and/or Committee representatives to report on Existing Internal
VEBA returns and analysis of performance, and to review significant activities affecting investments. Any input from the UAW and/or the Committee shall not be a basis of Newco’s investment decisions within the meaning of the DOL regulations set
forth at 29 CFR § 2510-3.21(c). 
 C. Disposition of Assets. No amounts shall be withdrawn by Newco
from the UAW Related Account, including its net investment returns, until transfer to the New VEBA under Section 9, other than as provided for in Section 5.C. Newco shall retain any and all rights to withdraw amounts from the Non-UAW
Related Account, subject to the rights of the UAW and the Committee pursuant to Section 10 of this Settlement Agreement. If the Final Effective Date occurs, Newco shall cause the pro rata share attributable to the UAW Related Account of all
assets in the Existing Internal VEBA, including investment returns thereon, net of a pro rata share of trust expenses (this shall only include expenses to the extent permitted by ERISA) not previously taken into account in determining investment
returns, to be transferred from the Existing Internal VEBA to the New VEBA as set forth in Section 7.A of this Settlement Agreement. Newco and the Committee shall enter into discussions in advance of such transfer with regard to the method of
allocating, transferring and/or otherwise handling any illiquid or otherwise non-transferable investments in the Existing Internal VEBA so as to preserve as much as possible the economic value of such investments and minimize any losses due to the
liquidation of assets. Such discussions shall be completed by June 30, 2009 (or such later date as may be agreed to between Newco and the Committee). The determinations made by Newco as a product of these discussions with the Committee
regarding the way to transfer illiquid or otherwise non-transferable investments in the Existing Internal VEBA shall be final and binding on Newco, the UAW, the Committee, the Class and the Covered Group. 

  
 - 17 -

	 	7.	Newco Payments to New Plan and New VEBA 

 Newco’s financial obligation and payments to the New Plan and New VEBA are fixed and capped by the terms of this Settlement Agreement. The timing of all payments to the New VEBA shall be as set forth
in Section 9 of this Settlement Agreement; it being agreed and acknowledged that, as set forth in this Settlement Agreement: (i) the New Plan, funded by the New VEBA, shall provide Retiree Medical Benefits for the Class and the Covered
Group on and after the Implementation Date; (ii) all obligations of Newco and the Amended Plan for Retiree Medical Benefits for the Class and the Covered Group shall terminate as of the Implementation Date; and (iii) any payments made by
Newco, the Newco Plan and/or the Amended Plan on and after January 1, 2010 up to the Implementation Date to pay Retiree Medical Benefit claims of members of the Class and the Covered Group incurred on or after January 1, 2010 and prior to
the Implementation Date shall reduce dollar-for-dollar Newco’s first fixed payment due July 15, 2010 under the Newco Note. All assets shall be transferred or paid by Newco free and clear of any liens, claims or other encumbrances. Pursuant
to this Settlement Agreement, Newco shall have the following, and only the following, obligations to the New VEBA and the New Plan, and all payments and transfers in this Section 7 of this Settlement Agreement shall be credited to the Newco
Separate Retiree Account of the New VEBA: 
 A. UAW Related Account. Newco shall cause the transfer to the
New VEBA of the assets (or, with regard to any illiquid or otherwise non-transferable investments, equivalent alternatives determined in discussions between Newco and the Committee pursuant to Section 6.C of this Settlement Agreement) of the
UAW Related Account in the Existing Internal VEBA, net of Existing Internal VEBA trust expenses (this shall only include expenses to the extent permitted by ERISA), as described in Section 9.A of this Settlement Agreement. 

B. Newco Note. In accordance with Section 9.A of this Settlement Agreement, Newco shall (i) execute and
deliver to The Bank of New York Trust Company, as trustee under the Indenture (the “Indenture Trustee”), a counterpart signature page to the Indenture (and issue the Newco Note to the New VEBA pursuant to the terms and conditions
thereof) and (ii) execute and deliver to the New VEBA the Registration Rights Agreement. Newco shall pay any and all documentary, stamp or similar issue taxes that may be payable with respect to its execution and delivery of counterpart
signature pages to the Indenture and the Registration Rights Agreement (or the issuance of the Newco Note to the New VEBA pursuant to the terms and conditions of the Indenture). Newco represents and warrants that its execution and delivery of
counterpart signature pages to the Indenture and the Registration Rights Agreement (and the issuance of the Newco Note to the New VEBA pursuant to the terms and conditions of the Indenture) in accordance with this Settlement Agreement will not
conflict with or constitute a breach or default under any law or contractual obligation by which Newco is bound or to which it or its property is subject; and Newco will not take any action prior to its execution and delivery of counterpart
signature pages to the Indenture and the Registration Rights Agreement (or the issuance of the Newco Note to the New VEBA pursuant to the terms and conditions of the Indenture) that would render Newco unable to so execute and deliver such agreements
(or issue the Newco Note to the New VEBA pursuant to the terms and conditions of the Indenture), or result in any such breach or default occurring as a result of such execution and delivery of such agreements (or such issuance of the Newco Note to
the New VEBA). 

  
 - 18 -

 C. Newco Equity. In accordance with Section 9.C of this
Settlement Agreement, Newco shall execute and deliver to the New VEBA counterpart signature pages to the Relevant Newco Equity Agreements, except the Equity Subscription Agreement, which was previously executed by the parties thereto (and issue, or
caused to be transferred, the Newco Equity to the New VEBA pursuant to the terms and conditions of the Equity Subscription Agreement). Newco shall pay any and all documentary, stamp or similar issue taxes that may be payable with respect to its
execution and delivery of counterpart signature pages to the Relevant Newco Equity Agreements (or the issuance or transfer of the Newco Equity to the New VEBA pursuant to the terms and conditions of the Equity Subscription Agreement). Newco
represents and warrants that its execution and delivery of counterpart signature pages to the Relevant Newco Equity Agreements (and the issuance or transfer of the Newco Equity to the New VEBA pursuant to the terms and conditions of the Equity
Subscription Agreement) in accordance with this Settlement Agreement will not conflict with or constitute a breach or default under any law or contractual obligation by which Newco is bound or to which it or its property is subject; and Newco will
not take any action prior to its execution and delivery of counterpart signature pages to the Relevant Newco Equity Agreements (or the issuance or transfer of the Newco Equity to the New VEBA pursuant to the terms and conditions of the Equity
Subscription Agreement) that would render Newco unable to so execute and deliver such agreements (or issue, or caused to be transferred, the Newco Equity to the New VEBA pursuant to the terms and conditions of the Equity Subscription Agreement), or
result in any such breach or default occurring as a result of such execution and delivery of such agreements (or such issuance or transfer of the Newco Equity to the New VEBA). 

 

	 	8.	[RESERVED] 

  

	 	9.	Deposits to the New VEBA 

Until the Implementation Date, within 30 days of any request by the Committee, Newco shall cause the transfer to the New VEBA of such
amounts as the Committee shall request, provided that there shall be no more than five such requests prior to the Implementation Date and the aggregate of all such transfers, including the initial payment, shall not exceed $19,950,000. Such amounts
shall represent an advance to the New VEBA to cover reasonable and necessary preparatory expenses incurred by the New Plan or New VEBA in anticipation of the transition of responsibility for Retiree Medical Benefits as of the Implementation Date as
set forth in Section 5 of this Settlement Agreement. These advance payments shall not increase or add to the amounts Newco has agreed to pay under this Settlement Agreement. The additional deposits to the New VEBA shall be made and credited to
the New VEBA as provided below: 
 A. Deposit of UAW Related Account Amount. Within 10 business days after
the Implementation Date, Newco shall direct the trustee of the Existing Internal VEBA to transfer to the New VEBA the UAW Related Account’s share of assets in the Existing Internal VEBA, the amount of which shall be determined as provided in
Section 6 of this Settlement Agreement. The Approval Order shall provide that, upon such transfer, the Existing Internal VEBA shall be deemed to be amended to terminate participation and coverage regarding Retiree Medical Benefits for the Class
and the Covered Group, effective as of the Implementation Date. Accruals for trust expenses (this shall only include expenses to the extent permitted by ERISA) 

  
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through the date of transfer shall be made and an amount equal to the UAW Related Account’s share of such accruals shall be retained within the Existing Internal VEBA to pay such expenses.
After payment of these trust expenses is completed, a reconciliation of the accruals and the actual expenses (this shall only include expenses to the extent permitted by ERISA) shall be performed. Newco agrees to cause the payment to the New VEBA by
the Existing Internal VEBA of any overaccruals for the UAW Related Account’s share of such expenses. Similarly, in the event of an underaccrual the New VEBA shall return to the Existing Internal VEBA the amount of the underaccrual of expenses
for the UAW Related Account 
 B. Issuance of Newco Note. On the Closing Date, Newco shall
(i) execute and deliver to the Indenture Trustee a counterpart signature page to the Indenture and issue the Newco Note to the New VEBA pursuant to the terms and conditions thereof and (ii) execute and deliver to the New VEBA the
Registration Rights Agreement. Such execution and delivery of the Indenture and the Registration Rights Agreement (and the issuance of the Newco Note to the New VEBA pursuant to the terms and conditions of the Indenture) shall only occur as
permitted by law. Newco and/or the New Plan, as applicable, shall apply for any necessary legal or regulatory approvals, including but not limited to the prohibited transaction exemptions described in Section 19 of this Settlement Agreement and
any required federal or state bank regulatory approvals. The UAW, the Class, and the Covered Group shall support and cooperate with any such requests for legal or regulatory approvals. If Newco and the New VEBA cannot timely obtain necessary legal
or regulatory approvals, the parties shall meet and discuss appropriate alternatives to the issuance of the Newco Note to the New VEBA that provide equivalent economic value to the New VEBA. Notwithstanding the foregoing, the obligations of Newco to
execute and deliver to (i) the Indenture Trustee a counterpart signature page to the Indenture (and to issue the Newco Equity to the New VEBA pursuant to the terms and conditions thereof) and (ii) execute and deliver to the New VEBA the
Registration Rights Agreement pursuant to this Settlement Agreement shall be subject to the execution and delivery by (x) the Indenture Trustee of the Indenture and (y) the New VEBA of the Registration Rights Agreement. 

C. Issuance of Newco Equity. On the Closing Date, Newco shall execute and deliver to the New VEBA counterpart
signature pages to the Relevant Newco Equity Agreements (except the Equity Subscription Agreement, which was previously executed by the parties thereto) and issue, or cause to be transferred, the Newco Equity to the New VEBA pursuant to the terms
and conditions of the Equity Subscription Agreement. Such execution and delivery of the Relevant Newco Equity Agreements (and the issuance of the Newco Equity to the New VEBA pursuant to the terms and conditions of the Equity Subscription Agreement)
shall only occur as permitted by law. Newco and/or the New Plan, as applicable, shall apply for any necessary legal or regulatory approvals, including but not limited to the prohibited transaction exemptions described in Section 19 of this
Settlement Agreement and any required federal or state bank regulatory approvals. The UAW, the Class, and Class Counsel shall support and cooperate with any such requests for legal or regulatory approvals. If Newco and the New VEBA cannot timely
obtain necessary legal or regulatory approvals, the parties shall meet and discuss appropriate alternatives to the issuance or transfer of the Newco Equity to the New VEBA that provide equivalent economic value to the New VEBA. Notwithstanding the
foregoing, the obligations of Newco to execute and deliver to the New VEBA the Relevant Newco Equity Agreements (and to issue, or cause to be transferred, the Newco Equity to the 

  
 - 20 -

 
New VEBA pursuant to the terms and conditions of the Equity Subscription Agreement) pursuant to this Settlement Agreement shall be subject to the execution and delivery by the New VEBA of the
Relevant New VEBA Equity Agreements to the relevant counterparties of each such agreement. 
 If a deposit or
payment or any portion thereof is made by Newco to the New VEBA by mistake under any provision of this Settlement Agreement, the Committee shall, upon written direction of Newco, return such amounts as may be permitted by law to Newco (plus earnings
thereon from the date of payment to but excluding the date of return) within 30 days of notification by Newco that such payment was made by mistake. If a dispute arises with regard to such payment, the dispute will be resolved pursuant to
Section 23 of this Settlement Agreement. 
  

	 	10.	Adjustment Events 

 A. Adjustment Event. “Adjustment Event” shall mean: 
 (i) the determination of the Existing Internal VEBA balance as of any day on which amounts are withdrawn by Newco from the Non-UAW Related Account as set forth in Section 6 of this Settlement
Agreement and the determination of the value of any assets transferred to Newco or liquidated to effect the withdrawal by Newco, other than a withdrawal on December 31 of any year after January 1, 2008; 

(ii) the determination of the value of any assets in lieu of which Newco elects to transfer cash to the New VEBA pursuant
to Sections 7 and 9 of this Settlement Agreement; or 
 (iii) the determination of the value of any illiquid or
otherwise non-transferable investments in the Existing Internal VEBA in case that the discussions between Newco and the Committee as set forth in Section 6.C of this Settlement Agreement result in transferring something other than a pro rata
share of such investment. 
 B. Due Diligence and Adjustment Mechanism. 

In connection with any Adjustment Event, Newco shall deliver, as soon as practicable, to the Committee (or the UAW prior to establishment
of the Committee) information in reasonable detail about the determinations made by Newco with regard to such Adjustment Event and the work papers, underlying calculations and other documents and materials on which such determinations are based,
including non-privileged materials from Newco’s advisors, if any (collectively, the “Determination Materials”). 
 The Committee shall have 30 days from receipt of the Determination Materials from Newco to submit to Newco a written request for an Independent Attestation of a determination(s) by Newco listed in
Section 10.A(i), A(ii), and A(iii) of this Settlement Agreement. As a part of this review process, the Committee may ask for additional information regarding the calculations, and the data and information provided by Newco. Newco shall as
promptly as practicable, respond to all reasonable requests from the Committee for such additional information. However, a request for additional information shall not extend the 30-day review

  
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period, unless an extension is reasonably necessary to allow the Committee to review such additional information, but in no event longer than 45 days from receipt of the Determination Materials.

 All determinations made by Newco with regard to a determination(s) listed in Section 10A(i), A(ii), and A(iii) of this
Settlement Agreement shall be final and binding on Newco, the UAW, the Class, the Covered Group, the Committee and the New Plan and New VEBA, unless the Committee timely submits a request for an Independent Attestation. If the Committee timely
submits such a request, Newco shall engage a nationally recognized independent registered public accounting firm to conduct an Independent Attestation regarding a determination(s) by Newco listed in Section 10.A(i) and A(iii) of this Settlement
Agreement. The Independent Attestation shall be final and binding on Newco, the UAW, the Class, the Covered Group, the Committee and the New Plan and New VEBA. 
 Nothing in the foregoing paragraphs shall prevent the division, deposit, withdrawal or transfer of any assets the valuation of which is not in dispute pending resolution of the disputed amounts.

 C. Confidentiality. All information and data provided by Newco to the UAW, Class Counsel, and/or the
Committee under this Settlement Agreement and as a part of this due diligence and adjustment process shall be considered confidential. The UAW, Class Counsel, and the Committee shall use such information and data solely for the purpose set forth in
this Section 10 of the Settlement Agreement. The UAW, Class Counsel, and the Committee shall not disclose such information or data to any other person without Newco’s written consent, provided that the UAW, Class Counsel, and the Committee
may disclose such information and data to their attorneys and professional advisors subject to the agreement of such attorneys and advisors to the confidentiality restrictions set forth herein. 

 

	 	11.	Future Contributions 

 The
UAW, the Class, and the Covered Group may not negotiate any increase of Newco’s funding or payment obligations set out herein. The UAW on its behalf, acting as the authorized representative of the Class and the Covered Group also agrees not to
seek to obligate Newco to: (i) provide any additional payments to the New VEBA other than those specifically required by this Settlement Agreement; (ii) make any other payments for the purpose of providing Retiree Medical Benefits to the
Class or the Covered Group; or (iii) provide or assume the cost of Retiree Medical Benefits for the Class or the Covered Group through any other means. Provided, that, the UAW may propose that Newco Active Employees be permitted to make
contributions to the New VEBA of amounts otherwise payable in profit sharing, COLA, wages and/or signing bonuses, if not prohibited by law. 

  
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	 	12.	[Reserved] 

  

	 	13.	Administrative Costs 

 The
New VEBA shall be responsible for all costs to administer the New Plan and the New VEBA commencing on the Implementation Date and continuing thereafter. The New Plan and the Trust Agreement shall be drafted consistent with this requirement.

  

	 	14.	Trust Agreement; Segregated Account; Indemnification 

 Assets paid or transferred to the New VEBA by or at the direction of Newco, including all investment returns thereon, shall be used solely to provide Retiree Medical Benefits to the Class and the Covered
Group as defined in this Settlement Agreement until expiration of the Initial Accounting Period. Thereafter, Retiree Medical Benefits shall be provided to the Class and the Covered Group as described in the Trust Agreement. The Trust Agreement shall
provide: (i) for the Newco Separate Retiree Account to be credited with the assets deposited or transferred to the New VEBA by Newco, or at Newco’s direction, under this Settlement Agreement; (ii) that the assets in the Newco Separate
Retiree Account may be used only to provide Benefits for such Class and for such Covered Group; and (iii) that under no circumstances shall Newco or the Newco Separate Retiree Account be liable or responsible for the obligations of any other
employer or for the provision of Retiree Medical Benefits or any other benefits for the employees or retirees of any other employer. 
 Further, the Trust Agreement shall provide that the Committee, on behalf of the New VEBA, shall take all such reasonable action as may be needed to rebut any presumption of control that would limit the
New VEBA’s ability to own the Newco Equity or as may be required to comply with all applicable laws and regulations, including but not limited to federal and state banking laws and regulations. 

To the extent permitted by law, the New VEBA shall indemnify and hold the Committee, the UAW, Newco, the Amended Plan, and the current or
former employees, officers and agents of each of them harmless from and against any liability that they may incur in connection with the New Plan and New VEBA, unless such liability arises from their gross negligence or intentional misconduct, or
breach of this Settlement Agreement. The Committee shall not be required to give any bond or any other security for the faithful performance of its duties under the Trust Agreement, except as such may be required by law. 

 

	 	15.	Subsidies 

 With regard to
claims incurred on or after the Implementation Date, the New VEBA shall be entitled to receive any Medicare Part D subsidies and other health care related subsidies regarding benefits actually paid by the New VEBA which may result from future
legislative changes, and Newco shall not be entitled to receive any such subsidies related to prescription drug benefits and other health care related benefits provided to the Class and the Covered Group by the New Plan and New VEBA. 

  
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	 	16.	Failure to Pay and Cure 

 A. General. The Committee will have the right to require immediate payment of some or all of the payment obligations of Newco under this Settlement Agreement if Newco fails to pay any payment
obligations under this Settlement Agreement and such failure is not cured within 15 business days after the Committee gives Newco notice of such failure. To cure such failure, Newco shall pay the amount otherwise owed plus accrued Interest on such
amount. The Committee may demand such immediate payment of amounts due under the Newco Note only to the extent that the Newco Note is then held by the New VEBA. 
 B. Anti-Layering. 
 (i) Limitations Relating to Newco
Note Prior to its Issuance. For the period from the date of the Settlement Agreement until the issuance of the Newco Note, except as may otherwise be agreed by the Committee in its sole discretion, Newco shall not permit any Subsidiary to incur
Debt unless such Subsidiary fully and unconditionally guarantees on an unsecured basis the Newco Note prior to incurring such Debt; provided that this section shall not be applicable unless the aggregate outstanding principal amount of Debt of
Subsidiaries exceeds $750,000,000 at the time of incurrence, and provided further that notwithstanding anything in this section to the contrary, Foreign Subsidiaries may incur Debt in currencies other than US dollars to finance their working capital
requirements and refinancing thereof without complying with the first clause of this section. 
 (ii)
Anti-layering. Newco shall not, directly or indirectly, incur, create, issue, assume, guarantee or otherwise become liable for any Debt that is senior in any respect in right of payment to the Newco Note. Newco may, directly or indirectly,
incur, create, issue, assume, guarantee or otherwise become liable for any Debt pari passu with, or subordinate to, the Newco Note. 
 For the purpose of this Section 9.B, the term “Debt” shall mean notes, bonds, debentures or other similar evidences of indebtedness for money borrowed; and the term “Foreign
Subsidiary” shall mean any Subsidiary of Newco organized under the laws of any jurisdiction other than the United States, any state thereof or the District of Columbia. 

C. Dispute Resolution. The dispute resolution process set forth in Section 23 of this Settlement Agreement
shall apply in the event of a dispute over whether Newco has failed to pay any payment obligation under this Settlement Agreement. In this regard, the time limit applicable to Newco’s right to cure a failure to pay shall be 15 business days
after agreement by the parties that Newco has failed to pay, or entry by the Court of a final ruling determining that Newco has failed to meet its payment obligations. Application of the dispute resolution process set forth in Section 23 of
this Settlement Agreement does not relieve Newco of the obligation to pay accrued Interest for the period of time that the dispute resolution process is in effect in order to cure a failure to pay. 

  
 - 24 -

	 	17.	Cooperation 

 A. Cooperation by Newco. Newco shall cooperate with the UAW and the Committee and at the Committee’s request undertake such reasonable actions as will assist the Committee in the transition of
responsibility for administration of the Retiree Medical Benefits by the Committee for the New Plan and the New VEBA. Such cooperation shall include assisting the Committee in educational efforts and communications with respect to the Class and the
Covered Group so that they understand the terms of the New Plan, the New VEBA and the transition, and understand the claims submission process and any other initial administrative changes undertaken by the Committee. Before and after the
Implementation Date, at the Committee’s request and as permitted by law, Newco shall furnish to the Committee such information and shall provide such cooperation as may be reasonably necessary to permit the Committee to effectively administer
the New Plan and the New VEBA, including, without limitation, the retrieval of data in a form and to the extent maintained by Newco regarding age, amounts of pension benefits, service, pension and medical benefit eligibility, marital status,
mortality, claims history, births, deaths, dependent status and enrollment information of the Class and the Covered Group. At the request of the Committee, Newco shall continue to perform the necessary eligibility work for a reasonable period of
time, not to exceed 90 days after the Implementation Date in order to allow the Committee to establish and test the eligibility database, and for which Newco shall be entitled to reimbursement for reasonable costs. Newco shall also assist the
Committee in transitioning benefit provider contracts to the New VEBA. Newco shall also cooperate with the UAW and the Committee and undertake such reasonable actions as will enable the Committee to perform its administrative functions with respect
to the New Plan and the New VEBA, including ensuring an orderly transition from Newco administration of Retiree Medical Benefits to the New Plan and the New VEBA. 
 To the extent permitted by law, and if applicable, Newco shall also cooperate with the Committee to make provision for the New VEBA payments of the $76.20 Special Benefit to be incorporated into monthly
Newco pension checks for eligible retirees and surviving spouses. It shall be the responsibility of the Committee and the New VEBA to advise Newco’s pension administrator in a timely manner of eligibility changes with regard to the Special
Benefit payment. The timing of the information provided to Newco’s pension administrator shall determine the timing for the incorporation into the monthly pension check. It shall be the responsibility of the Committee and the New VEBA to
establish a bank account for the funding of the Special Benefit payments, and Newco’s pension administrator shall be provided with the approval to draw on that account for the payment of the benefit. The Committee and the New VEBA shall assure
that the bank account is adequately funded for any and all such payments. If adequate funds do not exist for the payments, then Newco’s pension administrator shall not make such payments until the required funding is established in the account.
It shall be the responsibility of the Committee and the New VEBA to audit the eligibility for, and payment of, the Special Benefit. Additionally, the Committee and the New VEBA shall be responsible for the payment of reasonable costs associated with
Newco’s administration of the payment of this Special Benefit and the pension withholdings, including development of administrative and recordkeeping processes, monthly payment processing, audit and reconciliation functions and the like.

  
 - 25 -

 To the extent permitted by law, Newco shall also allow retiree participants to voluntarily
have required Contributions withheld from pension benefits and to the extent reasonably practical, credited to the Newco Separate Retiree Account of the New VEBA on a monthly basis. A retiree participant may elect or withdraw consent for pension
withholdings at any time by providing 45 days written notice to the Pension Plan administrator or such shorter period that may be required by law. 
 Newco shall be financially responsible for reasonable costs associated with the transition of coverage for the Class and the Covered Group to the New Plan and New VEBA. This shall include the cost of
educational efforts and communications with respect to retirees, the New Plan’s initial creation of administrative procedures, initial development of record sharing procedures, the testing of computer systems, the Committee’s initial
vendor selection and contracting, and other activities incurred on or before the Implementation Date, including but not limited to costs associated with drafting the Trust Agreement, seeking from the Internal Revenue Service a determination of the
tax-exempt status of the New VEBA, plan design and actuarial and other professional work necessary for initiation of the New Plan and New VEBA and the benefits to be provided thereunder. Payments made by Newco described in this Section shall not
reduce its payment obligations under this Settlement Agreement, and if the New VEBA is a multi-employer welfare trust, the costs described in this Section, to the extent not allocable to a specific employer, shall be pro-rated among the
participating companies based on the ratio of required funding for each company. Payment of these costs shall be set forth explicitly in the Approval Order. 
 B. Cooperation with Newco. The UAW and the Committee shall cooperate and shall timely furnish Newco with such information related to the New Plan and New VEBA, in a form and to the extent
maintained by the UAW and the Committee, as may be reasonably necessary to permit Newco to comply with requirements of the SEC, including, but not limited to, Generally Accepted Accounting Principles, including, but not limited to, SFAS 87, SFAS
106, SFAS 132R, SFAS 157, and SFAS 158 (as amended), for disclosure in Newco’s financial statements and any filings with the SEC. 
 Newco has maintained that a necessary element in its decision to enter into this Settlement Agreement is securing accounting treatment that is reasonably satisfactory to Newco regarding the transactions
contemplated by this Settlement Agreement. As soon as practicable, Newco shall discuss the accounting for the New Plan and the New VEBA with Newco’s outside independent auditors. If as a result of these discussions, Newco believes that the
accounting for the New Plan and the New VEBA may not be a “settlement,” as contemplated by paragraphs 90 to 95 of FASB Statement No. 106, as amended, then the Parties shall meet in an effort to restructure the transaction to achieve
such accounting, which provides equivalent economic value to the New VEBA. 
  

	 	18.	[Reserved.] 

  
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	 	19.	Prohibited Transaction Exemptions 

 Since the Newco Note and the Newco Equity are not qualifying employer securities, Newco and the New VEBA timely shall apply for a prohibited transaction exemption from the DOL to permit the New VEBA to
acquire and hold such Newco Note and Newco Equity. Similarly, if qualifying employer securities and employer real property would exceed 10 percent (10%) of the total assets in the New VEBA immediately after transfer of the Newco Note and the
Newco Equity to the New VEBA, then Newco and the New VEBA timely shall apply for a prohibited transaction exemption to permit the New VEBA to acquire and hold such Newco Note and Newco Equity. An exemption may also be necessary for the grant and
exercise of Fiat’s call option in connection with the Call Option Agreement, in which case Newco and the New VEBA timely shall apply for a prohibited transaction exemption. 

The UAW, the Class, and the Covered Group shall fully cooperate with Newco and the New VEBA in securing any such legal or regulatory
approvals. If Newco and the New VEBA cannot timely obtain any necessary exemptions and the DOL cannot otherwise assure the VEBA and the Company, to the reasonable satisfaction of each, that the necessary exemptions will be granted, the parties shall
meet and discuss an appropriate alternative which provides equivalent economic value to the New VEBA. 
  

	 	20.	Indemnification 

 Subject
to approval by the Bankruptcy Court as part of the Judgment, Newco hereby agrees to indemnify and hold harmless the UAW and its current or former officers, directors, employees and expert advisors (each, an “Indemnified Party”), to
the fullest extent permitted by law, from and against any and all losses, claims, damages, obligations, assessments, penalties, judgments, awards, and other liabilities related to any decision, recommendations or other actions taken prior to the
date of this Settlement Agreement, including, without limitation, acting as the authorized representative of the Class and the Covered Group (collectively, “Indemnification Liabilities”), and shall fully reimburse any Indemnified
Party for any and all reasonable and documented attorney fees and expenses (collectively, “Indemnity Expenses”), as and when incurred, of investigating, preparing or defending any claim, action, suit, proceeding or investigation,
arising out of or in connection with any Indemnification Liabilities incurred as a result of an Indemnified Party’s entering into, or participation in the negotiations for, this Settlement Agreement, the MOU and the 2009 VEBA Term Sheet and the
transactions contemplated in connection herewith; provided, however, that such indemnity shall not apply to any portion of any such Indemnification Liability or Indemnity Expense that resulted from the gross negligence or willful misconduct by an
Indemnified Party; provided, further, that such indemnity shall not apply to any Indemnification Liabilities to a Newco Active Employee for breach of the duty of fair representation. 

Nothing in this Section 20 or any provision of this Settlement Agreement shall be construed to provide an indemnity for any member
or any actions of the Committee; provided however, that an Indemnified Party who becomes a member of the Committee shall remain entitled to any indemnity to which the Indemnified Party would otherwise be entitled pursuant to this Section 20 for
actions taken, or for a failure to take actions, in any capacity other than as a member of the Committee; and provided further, that nothing in this Section 20 or any other 

  
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provision of this Settlement Agreement shall be construed to provide an indemnity for any Indemnification Liabilities or Indemnity Expenses relating to (i) management of the assets of the
New VEBA or (ii) for any action, amendment or omission of the Committee with respect to the provision and administration of Retiree Medical Benefits. 
 If an Indemnified Party receives notice of any action, proceeding or claim as to which the Indemnified Party proposes to demand indemnification hereunder, it shall provide Newco prompt written notice
thereof. Failure by an Indemnified Party to so notify Newco shall relieve Newco from the obligation to indemnify the Indemnified Party hereunder only to the extent that Newco suffers actual prejudice as a result of such failure, but Newco shall not
be obligated to provide reimbursement for any Indemnity Expenses incurred for work performed prior to its receipt of written notice of the claim. If an Indemnified Party is entitled to indemnification hereunder, Newco shall have the right to
participate in such proceeding or elect to assume the defense of such action or proceeding at its own expense and through counsel chosen by Newco (such counsel being reasonably satisfactory to the Indemnified Party). The Indemnified Party shall
cooperate in good faith in such defense. Upon the assumption by Newco of the defense of any such action or proceeding, the Indemnified Party shall have the right to participate in, but not control the defense of, such action and retain its own
counsel but the expenses and fees shall be at its expense unless (a) Newco has agreed to pay such Indemnity Expenses, (b) Newco shall have failed to employ counsel reasonably satisfactory to an Indemnified Party in a timely manner, or
(c) the Indemnified Party shall have been advised by counsel that there are actual or potential conflicting interests between Newco and the Indemnified Party that require separate representation, and Newco has agreed that such actual or
potential conflict exists (such agreement not to be unreasonably withheld); provided, however, that Newco shall not, in connection with any such action or proceeding arising out of the same general allegations, be liable for the reasonable fees and
expenses of more than one separate law firm at any time for all Indemnified Parties not having actual or potential conflicts among them, except to the extent that local counsel, in addition to its regular counsel, is required in order to effectively
defend against such action or proceeding. All such fees and expenses shall be invoiced to Newco, with such detail and supporting information as Newco may reasonably require, in such intervals as Newco shall require under its standard billing
processes. 
 If the Indemnified Party receives notice from Newco that Newco has elected to assume the defense of the action or
proceeding, Newco shall not be liable for any attorney fees or other legal expenses subsequently incurred by the Indemnified Party in connection with the matter. 
 Newco shall not be liable for any settlement of any claim against an Indemnified Party made without Newco’s written consent, which consent shall not be unreasonably withheld or delayed. Newco shall
not, without the prior written consent of an Indemnified Party, which consent shall not be unreasonably withheld or delayed, settle or compromise any claim, or permit a default or consent to the entry of any judgment, that would create any financial
obligation on the part of the Indemnified Party not otherwise within the scope of the indemnified liabilities. 
 The
termination of this Settlement Agreement shall not affect the indemnity provided hereunder, which shall remain operative and in full force and effect. Notwithstanding anything in this Section 20 to the contrary, this Section 20 shall not
be applicable with respect to any of 

  
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the matters covered by Article VI of Exhibit C1 to this Settlement Agreement or Article IV of Exhibit C2 to this Settlement Agreement, whichever the case may be. 

 

	 	21.	Costs and Attorneys Fees 

 A. Fees and Expenses. Newco agrees to reimburse UAW and Class Counsel, at or prior to the consummation of the transactions set forth in Section 7, for reasonable attorney and professional fees
and expenses based on hours worked and determined in accordance with the current market rates (not to include any upward adjustments such as any lodestar multipliers, risk enhancements, success fee, completion bonus or rate premiums) incurred in
connection with the negotiation of the Relevant New VEBA Equity Agreements, the Indenture and the Newco Note, the Registration Rights Agreement, and related transaction agreements court proceedings to obtain the Approval Order and any appeals
therefrom. Approval of these fee requests shall be included in the Judgment. 
 B. Fees After The Final
Effective Date. Each party to this Settlement Agreement agrees not to seek any other future fees or expenses from any other party in connection with the English Case or the bankruptcy proceeding, except that each party to this Settlement
Agreement may seek such fees and costs as may be allowed by law. 
  

	 	22.	Releases and Certain Related Matters 

 A. Consent to Entry of the Judgment. In consideration of Newco’s entry into this Settlement Agreement, and the other obligations of Newco contained herein, the UAW, acting on its behalf and as
the authorized representative of the Class and the Covered Group, hereby consents to the entry of the Judgment, which shall be binding upon all Class Members and the Covered Group. 

B. UAW Releasees. As of the Final Effective Date, each UAW Releasee releases and forever discharges each other UAW
Releasee and each other Indemnified Party and shall be forever released and discharged with respect to any and all rights, claims or causes of action that such UAW Releasee had, has or hereafter may have, whether known or unknown, suspected or
unsuspected, concealed or hidden, arising out of or based upon or otherwise related to (i) any of the claims arising, or which could have been raised, in connection with the English Case concerning the provision of Retiree Medical
Benefits and the terms of this Settlement Agreement, (ii) any claims that this Settlement Agreement, any document referred to or contemplated herein is not in compliance with applicable laws and regulations and (iii) any action taken to
carry out this Settlement Agreement in accordance with this Settlement Agreement and applicable law. 
 C.
Newco. As of the Final Effective Date, the UAW Releasees release and forever discharge Newco, and its current or former officers, directors, employees, agents, Subsidiaries, Affiliates and the Newco Plan and its fiduciaries, with respect to
any and all rights, claims or causes of action that any UAW Releasee had, has or hereafter may have, whether known or unknown, suspected or unsuspected, concealed or hidden, arising out of, based upon or otherwise related to (i) any of the
claims arising, or which could have been raised, in connection with the English Case concerning the provision of Retiree Medical Benefits and the terms of this 

  
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Settlement Agreement, (ii) any claims that this Settlement Agreement, any document referred to or contemplated herein is not in compliance with applicable laws and regulations and
(iii) any action taken to carry out this Settlement Agreement in accordance with this Settlement Agreement and applicable law. 
 D. No Admission. Neither the entry into this Settlement Agreement nor the consent to the Judgment is, may be construed as, or may be used as, an Admission by or against Newco or any UAW Releasee of
any fault, wrongdoing or liability whatsoever. 
  

	 	23.	Dispute Resolution 

 A. Coverage. Any controversy or dispute arising out of or relating to, or involving the enforcement, implementation, application or interpretation of this Settlement Agreement shall be enforceable
only by Newco, the Committee, and the UAW, and the Approval Order shall provide that the Bankruptcy Court will retain exclusive jurisdiction to resolve any such disputes, or, in the event that the bankruptcy proceeding has been closed or dismissed,
in the Court. Notwithstanding the foregoing, any disputes relating solely to eligibility for participation or entitlement to benefits under the New Plan shall be resolved in accordance with the applicable procedures such Plan shall establish, and
nothing in this Settlement Agreement precludes Class Members or members of the Covered Group from pursuing appropriate judicial review regarding such disputes; provided however, that no claims incurred after the Implementation Date related to
Retiree Medical Benefits may be brought against Newco, any of its affiliates, or the Newco Plan. 
 B. Attempt
at Resolution. Although the Bankruptcy Court retains exclusive jurisdiction to resolve disputes arising out of or relating to the enforcement, implementation, application or interpretation of this Settlement Agreement, the parties agree that
prior to seeking recourse to the Court, the parties shall attempt to resolve the dispute through the following process: 
 (i) The aggrieved party shall provide the party alleged to have violated this Settlement Agreement (“Dispute Party”) with written notice of such dispute, which shall include a description
of the alleged violation and identification of the Section(s) of the Settlement Agreement allegedly violated. Such notice shall be provided so that it is received by the Dispute Party no later than 180 calendar days from the date of the alleged
violation or the date on which the aggrieved party knew or should have known of the facts that give rise to the alleged violation, whichever is later, but in no event longer than 3 years from the date of the alleged violation. 

(ii) If the Dispute Party fails to respond within 21 calendar days from its receipt of notice, the aggrieved party may
seek recourse with the Bankruptcy Court; provided, however, that the aggrieved party waives all claims related to a particular dispute against the Dispute Party if the aggrieved party fails to bring the dispute before the Bankruptcy Court within 180
calendar days from the date of sending the notice. 
 All the time periods in this Section 23 may be
extended by agreement of the parties to the particular dispute. 

  
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 C. Alternate Means of Resolution. Nothing in this Section shall
preclude Newco, the UAW, or the Committee from agreeing on any other form of alternative dispute resolution or from agreeing to any extensions of the time periods specified in this Section 23. 

 

	 	24.	Submission of the Settlement Agreement 

 The parties shall submit this Settlement Agreement to the Bankruptcy Court and jointly work diligently to have this Settlement Agreement approved by the Bankruptcy Court as soon as possible. The parties
shall give notice to all affected individuals as required by the Court. The parties shall seek from the Bankruptcy Court any order necessary to comply with the Federal Rules of Bankruptcy Procedures or any other applicable rule of procedure or
statutory requirement that must be met in order to give the Settlement Agreement full force and effect. 
  

	 	25.	Conditions 

 This
Settlement Agreement is conditioned upon the occurrence or resolution of the conditions described in this Section 25. 
 A. Judgment/Approval Order. The Bankruptcy Court shall have entered a Judgment approving and accepting this Settlement Agreement in all respects and as to all parties, including Newco, the UAW, the
Class and the Covered Group. Such Approval Order shall be reasonably acceptable in form and substance to Newco and the UAW, and shall, inter alia, contain the conditions set forth in this Settlement Agreement. This condition shall be deemed
to have failed upon issuance of an order disapproving this Settlement Agreement, or upon the issuance of an order approving only a portion of this Settlement Agreement but disapproving other portions, unless Newco and the UAW acting on its own
behalf and as the authorized representative of the Class and the Covered Group agree otherwise in writing. The failure of this subparagraph A shall render this Settlement Agreement void. 

B. Existing Internal VEBA Sponsorship. Newco, or one of its Subsidiaries, shall sponsor the Existing Internal VEBA.
In connection therewith, Newco will (i) have all of the rights, title and interest (including the rights as plan sponsor, plan administrator or employer) under the Existing Internal VEBA, (ii) have any responsibility, obligation or
liability relating to, the Existing Internal VEBA and each contract, agreement or arrangement established thereunder or relating thereto, and (iii) operate the Existing Internal VEBA in accordance with, and to otherwise comply with the
Newco’s obligations under, this Settlement Agreement, effective as of the Closing Date and subject to approval by the Bankruptcy Court, including, without limitation, the obligation to direct the trustee of the Existing Internal VEBA to
transfer the UAW’s share of assets in the Existing Internal VEBA to the New VEBA. The failure of this subparagraph B shall render this Settlement Agreement void. 
  

	 	26.	No Admission; No Prejudice 

Notwithstanding anything to the contrary, whether set forth in this Settlement Agreement, the MOUs, the Judgment, any documents filed with
the Court in the English Case, any documents filed in the bankruptcy proceeding, any documents, whether provided in the course of or in any manner whatsoever relating to the discussions between Newco and UAW with respect

  
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to health care benefits or relating to the MOUs, the Chrysler Retiree Settlement, the 2009 VEBA Term Sheet, this Settlement Agreement, whether distributed, otherwise made available to or obtained
by any person or organization, including without limitation, Newco Active Employees, Class Members or their spouses, surviving spouses or dependents, or to the UAW or Newco in the course of the negotiations that led to entry into this Settlement
Agreement, or otherwise: 
 A. Newco. Newco has denied and continues to deny that it is bound by the MOUs
and is, therefore, responsible for providing medical benefits to retirees. Neither the Chrysler Retiree Settlement nor this Settlement Agreement nor any document referred to or contemplated herein may be construed as, or may be viewed or used as, an
Admission by or against the Newco of any fault, wrongdoing or liability whatsoever, or as an Admission by Newco of any claim or argument made by or on behalf of the UAW, Newco Active Employees, the Class or the Covered Group, that it is the
successor in interest of Chrysler. Without limiting in any manner whatsoever the generality of the foregoing, the performance of any settlement actions by Newco may not be construed, viewed or used as an Admission by or against Newco. 

B. UAW, Class Members. The UAW, acting on its own behalf and as the authorized representative of the Class Members,
claims and continues to claim that the allegations, claims and contentions made against Newco have merit. Neither the Chrysler Retiree Settlement nor this Settlement Agreement nor any document referred to or contemplated herein nor any Settlement
Actions may be construed as, or may be viewed or used as, an Admission by or against the UAW or the Class Members of any fault, wrongdoing or liability whatsoever or of the validity of any claim or argument made by or on behalf of Newco that Newco
has a unilateral right to modify or terminate retiree health care benefits or that retiree health care benefits are not vested. Without limiting in any manner whatsoever the generality of the foregoing, the performance of any Settlement Actions by
the UAW or the Class Members, including without limitation, the acceptance of any retiree health care benefits under any of the Newco health care plans set forth in this Settlement Agreement, may not be construed, viewed or used as an Admission by
or against the UAW or the Class Members that Newco has the unilateral right to modify or terminate retiree health care benefits. 
 There has been no determination by any court as to the factual allegations made against Newco in the English Case. Entering into this Settlement Agreement and performance of any of the Settlement
Actions shall not be construed as, or deemed to be evidence of, an Admission by any of the parties hereto, and shall not be offered or received in evidence in any action or proceeding against any party hereto in any court, administrative agency or
other tribunal or forum for any purpose whatsoever other than to enforce the provisions of this Settlement Agreement or to obtain or seek approval of this Settlement Agreement. 

For the purposes of this Section 26, Newco and the UAW refer to “New CarCo Acquisition LLC” and the “International
Union, United Automobile, Aerospace and Agricultural Implement Workers of America”, respectively, as organizations, as well as any and all of their respective current or former directors, officers, employees, and agents. 

C. No Prejudice. This Settlement Agreement and anything occurring in connection with reaching this Settlement
Agreement are without prejudice to Newco, the UAW and the Class. The parties may use this Settlement Agreement to assist in securing the Judgment 

  
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approving the settlement. It is intended that Newco, the UAW, the Committee, the Class and the Covered Group shall not use this Settlement Agreement, or anything occurring in connection with
reaching this Agreement, as evidence against Newco, the UAW, the Class or the Covered Group in any circumstance except where the parties are operating under or enforcing this Settlement Agreement or the Judgment approving this Settlement Agreement.

  

	 	27.	Duration and Termination of Settlement Agreement 

 This Settlement Agreement shall remain in effect unless and until terminated in accordance with this Section 27 or as provided for in Section 25 of this Settlement Agreement. If this Settlement
Agreement is terminated, the parties shall be restored to their respective positions immediately before execution of this Settlement Agreement except as specifically noted herein. 

Termination of this Settlement Agreement may occur as follows: 

A. If the Judgment is denied in whole or in material part, either Newco or the UAW acting on its own behalf and as the
authorized representative of the Class and the Covered Group may terminate this Settlement Agreement by 30 days’ written notice to the other parties. 
 B. If an Approval Order satisfactory to the parties, as described in Section 25.A of this Settlement Agreement, is entered by the Court, but overturned in whole or in part on appeal or otherwise,
either Newco or the UAW, acting on its own behalf and as the authorized representative of the Class and the Covered Group, may terminate this Settlement Agreement upon 30 days’ written notice to the other parties. 

C. [Reserved.] 
 D. If any court, agency or other tribunal of competent jurisdiction issues a determination that any part of this Settlement Agreement is prohibited or unenforceable, either Newco or the UAW acting on its
own behalf and as the authorized representative of the Class and the Covered Group may terminate this Settlement Agreement by 30 days’ written notice to the other party. 

E. The Final Effective Date does not occur by December 31, 2011 and Newco and the UAW acting on its own behalf and as
the authorized representative of the Class and the Covered Group do not agree to an extension of time to reach the Final Effective Date. 

Notwithstanding the foregoing, Sections 19, 20, 23 and 26 shall survive the termination of this Settlement Agreement. 

 

	 	28.	National Institute for Health Care Reform 

 In recognition of the interest of Newco, the UAW, the Class, and the Covered Group in improving the quality, affordability, and accountability of health care in the United States, the parties agree that
as a part of this settlement Newco and the UAW shall establish a National Institute for Health Care Reform (“Institute”). The Institute shall be established and receive its 

  
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first annual funding payment as soon as practicable after the Initial Effective Date on the basis set forth in the term sheet attached as Exhibit E to this Settlement Agreement. The annual
funding payment shall be payable in four equal quarterly installments. The funding and operation of the Institute shall be separate, independent and distinct from the New Plan and the New VEBA. Any payments by Newco to the Institute shall be
governed exclusively by the term sheet attached as Exhibit E to this Settlement Agreement and are not in any way related to Newco’s payment obligations as described in Sections 7 and 9 of this Settlement Agreement. Additionally,
Section 16 of this Settlement Agreement shall not apply to any obligation Newco may have to make payments with regard to the Institute. 
  

	 	29.	Other Provisions 

 A. References in this Settlement Agreement to “Sections,” “Paragraphs” and “Exhibits” refer to the Sections, Paragraphs, and Exhibits of this Settlement Agreement unless
otherwise specified. 
 B. The Bankruptcy Court or, in the event that the bankruptcy proceeding has been closed
or dismissed, the Court shall, subject to Section 23 of this Settlement Agreement, retain exclusive jurisdiction to resolve any disputes relating to or arising out of or in connection with the enforcement, interpretation or implementation of
this Settlement Agreement. Each of the parties hereto expressly and irrevocably submits to the jurisdiction of the Bankruptcy Court and expressly waives any argument it may have with respect to venue or forum non conveniens. 

C. This Settlement Agreement constitutes the entire agreement between the parties regarding the matters set forth herein,
and no representations, warranties or inducements have been made to any party concerning this Settlement Agreement, other than representations, warranties and covenants contained and memorialized in this Settlement Agreement. This Settlement
Agreement supersedes any prior understandings, agreements or representations by or between the parties, written or oral, regarding the matters set forth in this Settlement Agreement. 

D. The captions used in this Settlement Agreement are for convenience of reference only and do not constitute a part of
this Settlement Agreement and will not be deemed to limit, characterize or in any way affect any provision of this Settlement Agreement, and all provisions of this Settlement Agreement will be enforced and construed as if no captions had been used
in this Settlement Agreement. 
 E. This Settlement Agreement may be executed in two or more counterparts. All
executed counterparts and each of them shall be deemed to be one and the same instrument, provided that counsel for the parties to this Settlement Agreement shall exchange among themselves original signed counterparts. 

F. No party to this Settlement Agreement may assign any of its rights hereunder without the prior written consent of the
other parties, and any purported assignment in violation of this sentence shall be void. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

  
 - 34 -

 G. Each of Newco, the UAW, the Committee, the Class Members and the Covered
Group shall do any and all acts and things, and shall execute and deliver any and all documents, as may be necessary or appropriate to effect the purposes of this Settlement Agreement. 

H. This Settlement Agreement shall be construed in accordance with applicable federal laws of the United States of
America. 
 I. Any provision of this Settlement Agreement which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. To the extent any provision of this Settlement Agreement is invalid or unenforceable as provided for in this Section 29.I, it shall be replaced by a valid and
enforceable provision agreed to by Newco and the UAW acting on its own behalf and as the authorized representative of the Class and the Covered Group (which agreement shall not be unreasonably withheld) that preserves the same economic effect for
the parties under this Settlement Agreement; provided however, that to the extent that such prohibited or unenforceable provision cannot be replaced as contemplated and the consequences of such prohibited or unenforceable provision causes this
Settlement Agreement to fail of its essential purpose then this Settlement Agreement may be voided at the sole discretion of the party seeking the benefit of the prohibited or unenforceable provision. 

J. In the event that any payment referenced in this Settlement Agreement is due to be made on a weekend or a holiday, the
payment shall be made on the first business day following such weekend or holiday. 
 K. In the event that any
legal or regulatory approvals are required to effectuate the provisions of this Settlement Agreement, Newco, the UAW, the Class, and the Committee shall fully cooperate in securing any such legal or regulatory approvals. 

L. Any notice, request, information or other document to be given under this Settlement Agreement to any of the parties by
any other party shall be in writing and delivered personally, or sent by Federal Express or other carrier which guarantees next-day delivery, transmitted by facsimile, transmitted by email if in an Adobe Acrobat PDF file, or sent by registered or
certified mail, postage prepaid, at the following addresses. All such notices and communication shall be effective when delivered by hand, or, in the case of registered or certified mail, Federal Express or other carrier, upon receipt, or, in the
case of facsimile or email transmission, when transmitted (provided, however, that any notice or communication transmitted by facsimile or email shall be immediately confirmed by a telephone call to the recipient): 

If to Newco, addressed to: 
 Giorgio Fossati 
 Vice President and Secretary 

  
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 New CarCo Acquisition LLC 

1000 Chrysler Drive 
 Auburn Hills, MI 48326 
 Tel: (412) 492-8797 

in each case with copies to: 
 Julie A. Kozlowski 
 Office of the General Counsel 

New CarCo Acquisition LLC 
 1000 Chrysler Drive 
 Auburn Hills, MI 48326 

Tel: (248) 512-3982 
 Paul M. Hamburger 
 James R. Napoli 

McDermott Will & Emery LLP 
 600 Thirteenth Street, N.W. 
 Washington, D.C. 20005-3096 

Tel: (202) 756-8306 
 Tel: (202) 756-8279 
 If to UAW, addressed to: 

Daniel W. Sherrick 
 General Counsel 
 International Union, United Automobile, Aerospace and 

Agricultural Implement Workers of America 
 8000 East Jefferson Avenue 
 Detroit, MI 48214 

Tel: (313) 926-5216 
 with a copy to: 
 Cleary Gottlieb Steen & Hamilton LLP 

One Liberty Plaza 

New York, New York 10006 
 Attention: A. Richard Susko/Richard S. Lincer/David I. Gottlieb 
 Tel:
(212) 225-2000 
 Each party may substitute a designated recipient upon written notice to the other parties 

  
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 IN WITNESS THEREOF, the parties hereto have caused this Settlement Agreement to be executed
by themselves or their duly authorized attorneys. 
  

									
	AGREED:	 		 	
					
	By:	 	/s/ Giorgio Fossati	 		 	Date:	 	June 10, 2009
		 	 Giorgio Fossati
 Vice President
and Secretary
 New CarCo Acquisition LLC

1000 Chrysler Drive
 Auburn Hills, MI
48326
 Tel: (412) 492-8797
	 		 		 	
					
		 	NEW CARCO ACQUISITION LLC	 		 		 	

  

									
		 		 	
					
	By:	 	 	 		 	Date:	 	                 , 2009
		 	 Daniel W. Sherrick (P37171)

8000 East Jefferson Avenue
 Detroit, MI
48214
 Tel: (313) 926-5216
	 		 		 	
					
		 	INTERNATIONAL UNION, UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA	 		 		 	

  

									
	ACKNOWLEDGED AND CONFIRMED:	 		 	
					
	By:	 	 	 		 	Date:	 	                 , 2009
		 	 William T. Payne
 Stember
Feinstein Doyle & Payne, LLC
 1705 Allegheny Building
 429 Forbes Avenue
 Pittsburgh, PA 15219
 Tel: (412) 338-1445
	 		 		 	
					
		 	CLASS COUNSEL	 		 		 	

  
 - 37 -

 
			
	 INTERNATIONAL UNION,

UNITED AUTOMOBILE,
 AEROSPACE AND

AGRICULTURAL IMPLEMENT
 WORKERS OF
AMERICA

		
	By:	 	/s/ Daniel W. Sherrick
		 	 Name: Daniel W. Sherrick (P37171)
 Title: General Counsel International Union, United Automobile, Aerospace and Agricultural Implement Workers of America
 8000 East Jefferson Avenue
 Detroit, MI 48214

Tel: (313)926-5216

 UAW Retiree Settlement Agreement Signature Page 

  
 - 38 -

 
			
	CLASS COUNSEL
		
	By:	 	/s/ William T. Payne
		 	 Name: William T. Payne

Stember Feinstein Doyle & Payne, LLC
 1705
Allegheny Building
 429 Forbes Avenue

Pittsburgh, PA 15219
 Tel: (412)
338-1445

 UAW Retiree Settlement Agreement Signature Page 

  
 - 39 -

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