Document:

exv10w15

 

EXHIBIT
10.15

VISTEON CORPORATION RABBI TRUST

     This Trust Agreement made this 7th day of February, 2003 by and between Visteon Corporation
(“Visteon”) and The Northern Trust Company (“Trustee”);

     WHEREAS, Visteon has adopted the non-qualified employee benefit arrangements as listed in
Appendix A (individually referred to as the “Plan” or collectively referred to as the “Plans”)
which Visteon may revise from time to time to add more Plans by delivering to Trustee a new
Appendix A without requiring an amendment of this Trust Agreement.

     WHEREAS, Visteon has incurred or expects to incur liability under the terms of such the Plans
with respect to the individuals participating in the Plans;

     WHEREAS, Visteon wishes to establish a trust (hereinafter called “Trust”) and to contribute
to the Trust assets that shall be held therein, subject to the claims of Visteon’s creditors in
the event of Visteon’s Insolvency, as herein defined, until paid to Plan participants and their
beneficiaries in such manner and at such times as specified in the Plans;

     WHEREAS, it is the intention of the parties that this Trust shall constitute an unfunded
arrangement and shall not affect the status of the Plans as unfunded maintained for the purpose of
providing deferred compensation for a select group of management or highly compensated employees
for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended;

     WHEREAS, it is the intention of Visteon to contribute to the Trust to provide itself with a
source of funds to assist it in the meeting of its liabilities under the Plans;

     NOW, THEREFORE, the parties do hereby establish the Trust and agree that the Trust shall be
comprised, held and disposed of as follows:

     Section 1. Establishment of Trust

     (a) Visteon hereby establishes with the Trustee a grantor trust and deposits with Trustee in
trust $100, which shall become the principal of the Trust, to which shall be added such sums of
money and such property acceptable to the Trustee as shall from time to time be paid or delivered
to the Trustee and the earnings and profits thereon to be held, administered and disposed of by
the Trustee as provided in this Trust Agreement.

     (b) The Trust hereby established is revocable by Visteon; it shall become irrevocable upon a
Change of Control, as defined herein.

     (c) The Trust is intended to be a grantor trust, of which Visteon is the grantor, within the
meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Internal Revenue Code of
1986, as amended (the “Code”), and shall be construed accordingly.

     (d) The principal of the Trust, and any earnings thereon shall be held separate and apart
from other funds of Visteon and shall be used exclusively for the uses and purposes of Plan
participants and general creditors as herein set forth. Plan participants and their beneficiaries
shall have no preferred claim on, or any beneficial ownership interest in, any assets of the
Trust. Any rights created under the Plans and this Trust Agreement shall be mere unsecured
contractual rights of Plan participants and their beneficiaries against Visteon. Any assets held
by the Trustee will be subject to the claims of Visteon’s general creditors under federal and
state law in the event of Insolvency as defined in Section 3(a) herein.

 

 

     (e) Upon a Change of Control, Visteon shall, as soon as possible, but in no event longer
than
30 days following the Change of Control, as defined herein, make an irrevocable contribution to the
Trust in an amount that is sufficient to pay each Plan participant or beneficiary the benefits to
which Plan participants or their beneficiaries would be entitled pursuant to the terms of the Plans
as of the date on which the Change of Control occurred. Trustee shall have no duty to enforce any
funding obligations of Visteon, and the duties of Trustee shall be governed solely by the terms of
the Trust without reference to the terms of the Plans.

     Section 2. Payments to Plan Participants and Their Beneficiaries.

     (a) Visteon shall deliver to Trustee a schedule (the “Payment Schedule”) that indicates the
amounts payable in respect to each Plan participant (and his or her beneficiaries), directions to
Trustee regarding the amounts so payable, the form in which such amount is to be paid (as provided
for or available under the Plans), and the time of commencement for payment of such amounts.
Except as otherwise provided herein, Trustee shall make payments to the Plan participants and
their beneficiaries in accordance with such Payment Schedule. Visteon shall have the sole
responsibility for all tax withholding filings and reports. Trustee shall withhold such amounts
from distributions as Visteon directs and shall follow the instructions of Visteon with respect to
remission of such withheld amounts to appropriate governmental authorities and related reporting
and filings.

     (b) The entitlement of a Plan participant or his or her beneficiaries to benefits under the
Plans shall be determined by Visteon or such party as it shall designate under the Plans, and any
claim for such benefits shall be considered and reviewed under the procedures set out in the
Plans.

     (c) Visteon may make payment of benefits directly to Plan participants or their beneficiaries
as they become due under the terms of the Plans. Visteon shall notify Trustee of its decision to
make payment of benefits directly prior to the time amounts are payable to participants or their
beneficiaries. In addition, if the principal of the Trust, and any earnings thereon, are not
sufficient to make payments of benefits in accordance with the terms of the Plans, Visteon shall
make the balance of each such payment as it falls due. Trustee shall notify Visteon where
principal and earnings are not sufficient to make a payment then due under the Payment Schedule.

     Section 3. Trustee Responsibility Regarding Payments to Trust Beneficiary when Visteon is
Insolvent.

     (a) Trustee shall cease payment of benefits to Plan participants and their beneficiaries if
the Visteon is Insolvent, subject to the provisions of Section 3(b) below. Visteon shall be
considered “Insolvent” for purposes of this Trust Agreement if (i) Visteon is unable to pay its
debts as they become due, or (ii) Visteon is subject to a pending proceeding as a debtor under the
United States Bankruptcy Code.

     (b) At all times during the continuance of this Trust, as provided in Section 1(d) hereof,
the principal and income of the Trust shall be subject to claims of general creditors of Visteon
under federal and state law as set forth below.

          (1) The Treasurer of Visteon shall have the duty to inform Trustee in writing of Visteon’s
Insolvency. If a person claiming to be a creditor of Visteon alleges in writing to Trustee that
Visteon has become Insolvent, Trustee shall determine whether Visteon is Insolvent and, pending
such determination, Trustee shall discontinue payment of benefits to Plan participants or their
beneficiaries.

          (2) Unless Trustee has actual knowledge of Visteon’s Insolvency, or has received notice from
Visteon or a person claiming to be a creditor alleging that Visteon is Insolvent, Trustee shall
have no duty to inquire whether Visteon is Insolvent. Trustee may in all events rely on such
evidence concerning Visteon’s solvency as may be furnished to Trustee and that provides Trustee
with a reasonable basis for making a determination concerning Visteon’s solvency. In no event
shall “actual knowledge” be deemed to include knowledge of Visteon’s credit status held by banking
officers or banking employees of

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The Northern Trust Company which has not been communicated to the trust department of Trustee.
Trustee may appoint an independent accounting, consulting or law firm to make any determination
of solvency required by Trustee under this Section 3. In such event, Trustee may conclusively
rely upon the determination by such firm and shall be responsible only for the prudent selection
of such firm.

          (3) If at any time the Treasurer of Visteon notifies Trustee or Trustee has determined that
Visteon is Insolvent, Trustee shall discontinue payments to Plan participants or their
beneficiaries and shall hold the assets of the Trust for the benefit of Visteon’s general
creditors. Nothing in this Trust Agreement shall in any way diminish any rights of Plan
participants or their beneficiaries to pursue their rights as general creditors of Visteon with
respect to benefits due under the Plans or otherwise.

          (4) Trustee shall resume the payment of benefits to Plan participants or their beneficiaries
in accordance with Section 2 of this Trust Agreement only after Trustee has determined that
Visteon is not Insolvent (or is no longer Insolvent) or pursuant to an order from the U.S.
Bankruptcy Court or other court of competent jurisdiction.

     (c) Provided that there are sufficient assets, if Trustee discontinues the payment of
benefits

from the Trust pursuant to Section 3(b) hereof and subsequently resumes such payments, the first
payment following such discontinuance, to the extent not inconsistent with an order from the U.S.
Bankruptcy Court or other court of competent jurisdiction, shall include the aggregate amount of
all payments due to Plan participants or their beneficiaries under the terms of the Plans for the
period of such discontinuance, less the aggregate amount of any payments made to Plan
participants or their beneficiaries by Visteon in lieu of the payments provided for hereunder
during any such period of discontinuance, all in accordance with the Payment Schedule, which
Visteon shall modify as necessary to comply with the provisions of this paragraph (c).

     Section 4. Payments to Visteon.

     Except as provided in Section 3, hereof, after the Trust has become irrevocable, Visteon
shall have no right or power to direct Trustee to return to Visteon or to divert to others any of
the Trust assets before all payments of benefits have been made to Plan participants and their
beneficiaries pursuant to the terms of the Plans. Trustee shall be entitled to rely conclusively
upon Visteon’s written certification that all such payments have been made.

     Section 5. Investment Authority.

     (a) Subject to such written investment guidelines as may be issued to Trustee from time to
 time by Visteon and subject further to paragraphs (b) and (c) hereof, Trustee may invest and
reinvest Trust assets in property of any kind, provided, however, that in no event may Trustee, in the exercise
of any discretionary investment authority granted to it under this Section 5, invest in
securities (including stock or rights to acquire stock) or obligations issued by Visteon, other
than a de minimis amount held in common investment vehicles in which Trustee invests. Subject to
paragraphs (b) and (c) hereof, all rights associated with assets of the Trust shall be exercised
by Trustee or the person designated by Trustee, and shall in no event be exercisable by or rest
with Plan participants.

     (b) Visteon shall have the right, at anytime, and from time to time in its sole discretion,
to substitute assets of equal fair market value for any asset held by the Trust; Trustee shall
have no responsibility for determining whether such right has been properly exercised or for any
investment losses that may result from its exercise.

     (c) Visteon may, by written notice to Trustee, assume investment responsibility for any
portion or all of the Trust assets (and shall be deemed to have assumed such responsibility with
respect to any shares of Visteon stock, insurance policies or contracts, or other agreed upon
assets held in the Trust for which Trustee does not accept investment responsibility), in which
event, Trustee shall act with respect to such assets only as directed by Visteon and shall have
no investment review responsibility therefor.

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     (d) Trustee shall not make any investment review of, consider the propriety of holding or
selling, or vote other than as directed by Visteon, any assets of the Trust Fund for which Visteon
shall have investment responsibility in accordance with this Section 5, except that if Trustee
shall not have received contrary instructions from Visteon, Trustee shall invest for short term
purposes any cash in its custody in bonds, notes and other evidences of indebtedness having a
maturity date not beyond five years from the date of purchase, United States Treasury bills,
commercial paper, bankers’ acceptances and certificates of deposit, and undivided interests or
participations therein, and participations in regulated investment companies for which the Trustee
or its affiliate is the adviser.

     Section 6. Disposition of Income.

     During the term of this Trust, all income received by the Trust, net of expenses and taxes,
shall be accumulated and reinvested.

     Section 7. Accounting by Trustee.

     Trustee shall keep accurate and detailed records of all investments, receipts, disbursements,
and all other transactions required to be made, including such specific records as shall be agreed
upon in writing between Visteon and Trustee. Within 90 days following the close of each calendar
year and within 45 days after the removal or resignation of Trustee, Trustee shall deliver to
Visteon a written account of its administration of the Trust during such year or during the period
from the close of the last preceding year to the date of such removal or resignation, setting
forth all investments, receipts, disbursements and other transactions effected by it, including a
description of all securities and investments purchased and sold with the cost or net proceeds of
such purchases or sales (accrued interest paid or receivable being shown separately), and showing
all cash, securities and other property held in the Trust at the end of such year or as of the
date of such removal or resignation, as the case may be. In the absence of the filing in writing
with Trustee by Visteon of exceptions or objections to any such account within 90 days, Visteon
shall be deemed to have approved such account; in such case, or upon the written approval by
Visteon of any such account, Trustee shall be released, relieved and discharged with respect to
all matters and things set forth in such account as though such account had been settled by the
decree of a court of competent jurisdiction. Trustee may conclusively rely on determinations of
Visteon of valuations for assets of the Trust for which Trustee deems there to be no readily
determinable fair market value and on determinations of the issuing insurance company of
valuations for insurance contracts/policies.

     Section 8. Responsibility of Trustee.

     (a) Trustee shall act with the care, skill, prudence and diligence under the circumstances
then prevailing that a prudent person acting in like capacity and familiar with such matters would
use in the conduct of an enterprise of a like character and with like aims, provided, however,
that Trustee shall incur no liability to any person for any action taken pursuant to a direction,
request or approval given in writing by Visteon. In the event of a dispute between Visteon and a
party, Trustee may apply to a court of competent jurisdiction to resolve the dispute.

     (b) If Trustee undertakes or defends any litigation brought by or against a third party and
arising in connection with this Trust, Visteon agrees to indemnify Trustee against Trustee’s
costs, expenses and liabilities (including, without limitation, attorneys’ fees and expenses)
relating thereto and to be primarily liable for such payments. If Visteon does not pay such costs,
expenses and liabilities in a reasonably timely manner, Trustee may obtain payment from the Trust.

     (c) Trustee may consult with legal counsel (who may also be counsel for Visteon generally)
with respect to any of its duties or obligations hereunder.

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     (d) Trustee may hire agents, accountants, actuaries, investment advisors, financial
consultants or other professionals to assist it in performing any of its duties or obligations
hereunder.

     (e) Trustee shall have, without exclusion, all powers conferred on Trustees by applicable law,
unless expressly provided otherwise herein, provided, however, that if an insurance policy is held
as an asset of the Trust, Trustee shall have no power to name a beneficiary of the policy other
than the Trust, to assign the policy (as distinct from conversion of the policy to a different
form) other than to a successor Trustee, or to loan to any person the proceeds of any borrowing
against such policy and shall act with respect to any such policy only as directed by Visteon.

     (f) However, notwithstanding the provisions of Section 8(e) above, where directed by Visteon,
Trustee may loan to Visteon the proceeds of any borrowing against an insurance policy held as an
asset of the Trust.

     (g) Notwithstanding any powers granted to Trustee pursuant to this Trust Agreement or to
applicable law, Trustee shall not have any power that could give this Trust the objective of
carrying on a business and dividing the gains therefrom, within the meaning of section 301.7701-2
of the Procedure and Administrative Regulations promulgated pursuant to the Code.

     (h) Visteon (which has the authority to do so under the laws of its state of incorporation) shall
indemnify The Northern Trust Company, and defend it and hold it harmless from and against any and
all liabilities, losses, claims, suits or expenses (including attorneys’ fees) of whatsoever kind
and nature which may be imposed upon, asserted against or incurred by The Northern Trust Company
at any time (1) by reason of its carrying out its responsibilities or providing services under
this Trust Agreement, or its status as Trustee, or by reason of any act or failure to act under
this Trust Agreement, except to the extent that any such liability, loss, claim, suit or expense
arises directly from Trustee’s negligence or willful misconduct in the performance of
responsibilities specifically allocated to it under the Trust Agreement, or (2) by reason of the
Trust’s failure to qualify as a grantor trust under the IRS grantor trust rules or the Plan’s
failure to qualify as an excess benefit or top-hat plan exempt from all or Parts 2, 3, and 4 of
Title 1 of the ERISA. This paragraph shall survive the termination of this Trust Agreement.

     (i) Trustee
shall not be liable for any delay in performance, or non-performance, of any
obligation hereunder to the extent that the same is due to forces beyond Trustee’s reasonable
control, including but not limited to any industrial, juridical, governmental, civil or military
action; acts of terrorism, insurrection or revolution; nuclear fusion, fission or radiation;
failure or fluctuation in electrical power, heat, light, air conditioning or telecommunications
equipment; or acts of God.

     Section 9. Compensation and Expenses of Trustee.

     Visteon shall pay all administrative and Trustee’s fees and expenses. If not so paid, the
fees and expenses shall be paid from the Trust.

     Section 10. Resignation and Removal of Trustee.

     (a) Trustee may resign at any time by written notice to Visteon, which shall be effective 60
days after receipt of such notice unless Visteon and Trustee agree otherwise.

     (b) Trustee may be removed by Visteon at any time by written notice to Trustee, which shall
be effective 60 days after receipt of such notice or upon shorter notice accepted by Trustee.

     (c) Upon a Change of Control, as defined herein, Trustee may not be removed by Visteon for
one (1) year.

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     (d) If Trustee resigns within 10 year(s) after a Change of Control, as defined herein,
Visteon shall apply to a court of competent jurisdiction for the appointment of a successor
Trustee or for instructions.

     (e) Upon resignation or removal of Trustee and appointment of a successor Trustee, all assets
shall subsequently be transferred to the successor Trustee. The resigning or removed Trustee is
authorized, however, to reserve such amount as may be necessary for the payment of its fees and
expenses incurred prior to resignation or removal. The transfer shall be completed within 180 days
after receipt of notice of resignation, removal or transfer, unless Visteon extends the time limit.
Visteon’s consent to extension of such time limit shall not be unreasonably withheld.

     (f) If Trustee resigns or is removed, a successor shall be appointed, in accordance with
Section 11 hereof, by the effective date of resignation or removal under paragraph(s) (a) or (b)
of this section. If no such appointment has been made, Trustee may apply to a court of competent
jurisdiction for appointment of a successor or for instructions. All expenses of Trustee in
connection with the proceeding shall be allowed as administrative expenses of the Trust.

     Section 11. Appointment of Successor.

     (a) If Trustee resigns or is removed in accordance with Section 10(a) or (b) hereof, Visteon
may appoint any third party, such as a bank trust department or other party that may be granted
corporate trustee powers under state law, as a successor replace Trustee upon resignation or
removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall
have all of the rights and powers of the former Trustee, including ownership rights in the Trust
assets. The former Trustee shall execute any instrument necessary or reasonably requested by
Visteon or the successor Trustee to evidence the transfer.

     (b) The successor Trustee shall not be responsible for and Visteon shall indemnify and defend
the successor Trustee from any claim or liability resulting from any action or inaction of any
prior Trustee or from any other past event, or any condition existing at the time it becomes
successor Trustee.

     Section 12. Amendment or Termination.

     (a) This Trust Agreement may be amended by a written instrument executed by Trustee and
Visteon. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the
Plans, as certified to in writing by Visteon (upon which certification Trustee may conclusively
rely), or shall make the Trust revocable after it has become irrevocable in accordance with
Section 1(b) hereof.

     (b) Following a Change of Control, the Trust shall not terminate until the date on which
there are no longer any assets held in the Trust or Plan participants and their beneficiaries are
no longer entitled to benefits pursuant to the terms of the Plans, as certified to in writing by
Visteon (upon which certification Trustee may conclusively rely). Upon termination of the trust
any assets remaining in the Trust shall be returned to Visteon.

     (c) Upon written approval of Plan participants or beneficiaries entitled to payment of
benefits pursuant to the terms of the Plans, Visteon may terminate this Trust prior to the time
all benefit payments under the Plans have been made. Such approval shall be obtained and certified
to in writing by Visteon (upon which certification Trustee may conclusively rely), and Trustee
shall have no responsibility therefor. All assets in the Trust at termination shall be returned to
Visteon.

     (d) This Trust Agreement may not be amended by Visteon for 20 year(s) following a Change of
Control, as defined herein.

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     Section 13. Miscellaneous.

     (a) Any provision of this Trust Agreement prohibited by law shall be ineffective to the
extent of any such prohibition, without invalidating the remaining provisions hereof.

     (b) Benefits payable to Plan participants and their beneficiaries under this Trust Agreement
may not be anticipated, assigned (either at law or in equity), alienated, pledged, encumbered or
subjected to attachment, garnishment, levy, execution or other legal or equitable process.

     (c) This Trust Agreement shall be governed by and construed in accordance with the laws of
Illinois.

     (d) For purposes of this Trust, Change in Control shall be deemed to have occurred if the
event set forth in any one of the following paragraphs shall have occurred:

     (i) any Person is or becomes the Beneficial Owner, directly or indirectly, of
securities of Visteon (not including in the securities beneficially owned by such Person
any securities acquired directly from Visteon or its affiliates) representing 40% or more
of the combined voting power of Visteon’s then outstanding securities, excluding any Person
who becomes such a Beneficial Owner in connection with a transaction described in clause
(a) of paragraph (iii) below;

     (ii) within any twelve (12) month period, the following individuals cease for any
reason to constitute a majority of the number of directors then serving: individuals who,
on the effective date of this Trust Agreement, constitute the Board and any new director
(other than a director whose initial assumption of office is in connection with an actual
or threatened election contest, including but not limited to a consent solicitation,
relating to the election of directors of Visteon) whose appointment or election by the
Board or nomination for election by Visteon’s shareholders was approved or recommended by a
vote of at least two-thirds (2/3) of the directors then still in office who either were
directors on the date hereof or whose appointment, election or nomination for election was
previously so approved or recommended;

     (iii) there is consummated a merger or consolidation of Visteon or any direct or
indirect subsidiary of Visteon with any other corporation, other than (a) a merger or
consolidation which results in the directors of Visteon immediately prior to such merger or
consolidation continuing to constitute at least a majority of the board of directors of
Visteon, the surviving entity or any parent thereof or (b) a merger or consolidation
effected to implement a recapitalization of Visteon (or similar transaction) in which no
Person is or becomes the Beneficial Owner, directly or indirectly, of securities of Visteon
(not including in the securities Beneficially Owned by such Person any securities acquired
directly from Visteon or its Affiliates) representing 40% or more of the combined voting
power of Visteon’s then outstanding securities;

     (iv) the shareholders of Visteon approve a plan of complete liquidation or dissolution
of Visteon or there is consummated an agreement for the sale or disposition by Visteon of
more than 50% of Visteon’s assets, other than a sale or disposition by Visteon of more than
50% of Visteon’s assets to an entity, at least 50% of the combined voting power of the
voting securities of which are owned by shareholders of Visteon in substantially the same
proportions as their ownership of Visteon immediately prior to such sale; or

     (v) any other event that the Board, in its sole discretion, determines to be a Change
in Control for purposes of this Agreement.

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     (vi) For purposes of this subsection 13(d), the following terms shall have
the meanings indicated below:

     (A) “Affiliate(s)” shall have the meaning set forth in Rule 12b-2 promulgated
under Section 12 of the Exchange Act.

     (B) “Beneficial Owner” shall have the meaning set forth in Rule 13d-3 under
the Exchange Act.

     (C) “Board” shall mean the Board of Directors of Visteon.

     (D) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended
from time to time.

     (E) “Person” shall have the meaning given in Section 3(a)(9) of the
Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof,
except that such term shall not include (i) Visteon or any of its subsidiaries, (ii) a trustee
or other fiduciary holding securities under an employee benefit plan of Visteon or any of its
Affiliates, (iii) an underwriter temporarily holding securities pursuant to an offering of such
securities, or (iv) a corporation owned, directly or indirectly, by the stockholders of
Visteon in substantially the same proportions as their ownership of stock of Visteon.

     Notwithstanding the foregoing, a “Change in Control” shall not be deemed to have occurred by
virtue of the consummation of any transaction or series of integrated transactions immediately
following which the record holders of the common stock of Visteon immediately prior to such
transaction or series of transactions continue to have substantially the same proportionate
ownership in an entity which owns all or substantially all of the assets of Visteon immediately
following such transaction or series of transactions.

     Visteon shall immediately notify Trustee in writing of any Change of Control. Trustee may
conclusively rely upon such notice and shall have no duty to determine whether a Change of Control
has occurred.

     (e) Any action required to be taken by Visteon shall be by resolution of its Board of
Directors or by written direction of one or more of its Treasurer, Executive Vice President and
Chief Financial Officer, Senior Vice President of Human Resources, Secretary, or Assistant
Secretary or anyone designated by such persons to act on behalf of Visteon. The Trustee may rely
upon a resolution or direction filed with the Trustee and shall have no responsibility for any
action taken by the Trustee in accordance with any such resolution or direction.

     (f) In making payments to service providers pursuant to authorized directions, Visteon
acknowledges that the Trustee is acting as paying agent, and not as the payor, for tax information
reporting and withholding purposes.

     (g) This Trust Agreement shall inure to the benefit of, and be binding upon, each of the
parties and their respective successors and assigns.

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     Section 14. Effective Date.

     The effective date of this Trust Agreement shall be December 11, 2002.

     IN WITNESS WHEREOF, Visteon and the Trustee have executed this Trust Agreement effective as
of the date set forth above.

	 	 	 	 	 	 	 
	 	 	VISTEON CORPORATION
	 
	 	 	 	 	 	 
	 

	 	By:

	 	/s/ Mary A. Winston
 

	 	 
	 

	 	
Name:
	 	

Mary A. Winston
	 	 
	 

	 	Title:
	 	Vice President and Treasurer	 	 

	 	 	 
	Attest:
	 	 
	 
	 	 
	/s/ Janet G. Witkowski
 

Janet G. Witkowski

	 	 

(CORPORATE SEAL)

     The undersigned, Heidi A. Diebol-Hoorn, does hereby certify that she is the duly elected,
qualified and acting Secretary of Visteon Corporation (“Visteon”) and further certifies that the
person whose signature appears above is a duly elected, qualified and acting officer of Visteon
with full power and authority to execute this Trust Agreement on behalf of Visteon and to take
such other actions and execute such other documents as may be necessary to effectuate this Trust
Agreement.

	 	 	 
	/s/ Heidi A. Diebol-Hoorn
 

Assistant Secretary

	 	 
	Visteon Corporation
	 	 

	 	 	 	 	 	 	 
	 	 	THE NORTHERN TRUST COMPANY
	 
	 	 	 	 	 	 
	 

	 	By:

	 	/s/ Linda L. Thurber 

	 	 
	 

	 	
Name:
	 	

Linda L. Thurber
	 	 
	 

	 	Title:
	 	Vice President	 	 

	 	 	 
	Attest:
	 	 
	 
	 	 
	/s/ Mark S. Fetters
 

	 	 

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APPENDIX
A 
TO VISTEON CORPORATION RABBI TRUST

	•	 	Visteon Corporation Deferred Compensation Plan, effective July 1, 2000
	 
	•	 	Visteon Corporation Pension Parity Plan, effective July 1, 2000
	 
	•	 	Visteon Corporation Savings Parity Plan, effective July 1, 2000
	 
	•	 	Visteon Corporation Supplemental Executive Retirement Plan, effective July 1, 2000
	 
	•	 	Visteon Corporation Executive Separation Allowance Plan, effective July 1, 2000
	 
	•	 	Visteon Corporation Deferred Compensation Plan for Non-Employee Directors, effective October 11, 2000
	 
	•	 	Change in Control Agreements with officers of Visteon Corporationexv10w16w3

 

EXHIBIT
10.16.3

THIRD AMENDMENT TO CREDIT AGREEMENT

     THIRD AMENDMENT TO CREDIT AGREEMENT, dated as of March 12, 2008 (this “Amendment”) among
VISTEON CORPORATION, a Delaware corporation (the “Company”), each subsidiary of the Company party
hereto (together with the Company, each a “Borrower” and, collectively, the “Borrowers”), the
Lenders party hereto, and JPMORGAN CHASE BANK, N.A. (“JPMorgan”), as Administrative Agent, Issuing
Bank and Swingline Lender.

W I T N E S S E T H:

     WHEREAS the Borrowers, the Lenders party thereto, and JPMorgan, as Administrative Agent,
Issuing Bank and Swingline Lender, have entered into that certain Credit Agreement, dated as of
August 14, 2006, as amended, supplemented or modified by that certain First Amendment to Credit
Agreement and Consent, dated as of November 27, 2006, and that certain Second Amendment to Credit
Agreement and Consent dated as of April 10, 2007 (as so amended, supplemented or modified, the
“Credit Agreement”; capitalized terms used herein but not otherwise defined herein shall have the
meanings given such terms in the Credit Agreement, or if not defined herein or therein, in the
Intercreditor Agreement referred to below);

     WHEREAS JPMorgan, as ABL Agent for the ABL Secured Parties (as successor to the original ABL
Agent), JPMorgan, as Term Loan Agent for the Term Loan Secured Parties and the Borrowers are party
to that certain Intercreditor Agreement, dated as of June 13, 2006 (as amended, supplemented or
modified, the “Intercreditor Agreement”), which Intercreditor Agreement, among other things, (a)
governs the relative rights and priorities of the ABL Agent and the Term Loan Agent with respect
to Collateral and the proceeds thereof, and (b) provides, among other things, that (i) all shares
of Pledged Stock of (A) any Foreign Subsidiary, (B) Visteon
International Holdings, Inc. (“VIHI”),
and (C) any Foreign Stock Holding Company and (ii) all Foreign Investments, each constitute Term
Loan Priority Collateral;

     WHEREAS as a result of asset sales, the amount included in the Borrowing Base on account of
the PP&E Component has decreased and the Borrowers have requested that additional assets be
eligible for inclusion in the Borrowing Base;

     WHEREAS the Borrowers hereby inform the Administrative Agent and the Lenders that (i) each of
VIHI, Visteon Asia Holdings, Inc., Visteon European Holdings Corporation, Visteon Automotive
Holdings, LLC, and Visteon Holdings, LLC is a Foreign Stock Holding Company, (ii) the Intercreditor
Agreement prohibits Foreign Stock Holding Companies from guaranteeing any of the ABL Obligations in
order to effectuate the priority of the Term Loan Agent’s claims with respect to the Company’s
foreign operations, (iii) having any of VIHI, Visteon Asia Holdings, Inc., Visteon European
Holdings Corporation, Visteon Automotive Holdings, LLC, or Visteon Holdings, LLC as a Borrower and
Loan Guarantor under the Credit Agreement is inconsistent with the express provisions of, and the
intent of, the Intercreditor Agreement and (iv) in the event of any inconsistency between the terms
of the Intercreditor Agreement and the Credit Agreement, the terms of the Intercreditor Agreement
control;

     WHEREAS, to give effect to the Intercreditor Agreement, the Borrowers have requested that the
Administrative Agent and the Lenders execute documents confirming the release of each of VIHI,
Visteon Asia Holdings, Inc., Visteon European Holdings Corporation, Visteon Automotive Holdings,
LLC, and Visteon Holdings, LLC as a Borrower and Loan Guarantor.

 

 

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     NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained,
the parties hereto hereby agree as follows:

ARTICLE I 

AMENDMENTS

     Section 1.1 Amendment to Section 1.01. Section 1.01 of the Credit
Agreement is hereby amended as follows:

          (a) The defined term “PP&E Component” is hereby amended and restated in its entirety to
read as follows:

          “PP&E Component” shall mean, at the time of any determination, an
amount equal to the sum of (i) 75% of the fair market value of the Borrowers’
Eligible Real Estate (the “Real Estate Component”), plus (ii) 75% of the Net
Orderly Liquidation Value of the Borrowers’ Eligible Equipment (the “Equipment
Component”), plus (iii) the lesser of (A) 75% of the fair market value of the
Eligible Aircraft (the “Aircraft Component”) and (B) $15,000,000,
less (iv) Reserves established by the Administrative Agent in its
Permitted Discretion; provided, that the PP&E Component shall be reduced
on the first day of each fiscal quarter (other than any fiscal quarter in which
the Real Estate Component, the Equipment Component and the Aircraft Component are
reset pursuant to the proviso below) by an amount equal to the sum of (I) the
quotient of (1) the Real Estate Component, divided by (2) 40, plus (II)
the quotient of (1) the Equipment
Component, divided by (2) 20 plus (III) the quotient of (1) the
Aircraft Component, divided by (2) 30; provided, further, that the
Borrower Representative may elect (at its option) to have Eligible Equipment and
Eligible Real Estate and the Eligible Aircraft reappraised on an annual basis, in
which event the Real Estate Component and the Equipment Component and the Aircraft
Component shall be reset on the first day of the fiscal quarter immediately after
each such annual reappraisal to reflect such reappraisal.

          (b) The following new defined terms are hereby inserted in proper alphabetical order:

     “Cape Town Convention” means the Cape Town Convention on International
Interests in Mobile Equipment and the Cape Town Protocol to the Convention on
International Interests in Mobile Equipment on Matters Specific to Aircraft
Equipment prepared under the joint auspices of the International Institute for the
Unification of Private Law and the International Civil Aviation Organization.

     “Eligible Aircraft” means the aircraft and aircraft engines owned by
a Borrower (i) described in an appraisal in form and substance reasonably
satisfactory to the Administrative Agent and prepared by a firm of nationally
recognized, independent appraisers selected or approved by the Administrative
Agent and (ii) meeting each of the following requirements:

     (a) such Borrower has good title to such equipment;

     (b) such Borrower has the right to subject such equipment to a Lien in favor
of the Administrative Agent; such equipment is subject to the Security Document and
to a first priority perfected Lien in favor of the Administrative Agent (including
filings with

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the United States Federal Aviation Administration and with the international
registry pursuant to the Cape Town Convention) and is free and clear of all other
Liens of any nature whatsoever (except for (i) Permitted Encumbrances which do not
have priority over the Lien in favor of the Administrative Agent or (ii) Permitted
Encumbrances under Sections 6.02(a) or (b) that may have priority over the Lien in
favor of the Administrative Agent);

     (c) the full purchase price for such equipment has been paid by such Borrower;

     (d) such equipment is primarily hangared on premises with respect to which (x)
the lessor has delivered to the Administrative Agent a Collateral Access Agreement
or (y) a Reserve for rent, charges, and other amounts due or to become due with
respect to such premises has been established by the Administrative Agent in its
Permitted Discretion; provided, however, that if the Administrative Agent
determines that the appraisal of such equipment has already taken into account the
applicable Reserve for rent and other amounts or that such a Reserve is not
required, clause (y) shall be deemed satisfied;

     (e) such equipment is not subject to any agreement which restricts the ability
of such Borrower to use, sell, transport or dispose of such equipment or which
restricts the Administrative Agent’s ability to take possession of, sell or
otherwise dispose of such equipment; and

     (f) the representations and warranties with respect to such equipment
contained in any Security Document relating thereto are true and correct in all
material respects, and such Borrower has complied in all material respects with all
covenants and obligations with respect to such equipment contained in any Security
Document relating thereto, which Security Documents shall be in form and substance
reasonably satisfactory to the Administrative Agent.

     Section 1.2 Amendment to Article VI.

          (a) Section 6.0l(b) is hereby amended to replace each reference therein to “any Borrower”
with “any Borrower or Foreign Stock Holding Company”;

          (b) Section 6.02(k)(ii) is hereby amended to replace the reference therein to “Section 6.01(aa)” with “Section 6.01(bb)”;

          (c) Section 6.15(b) is hereby amended and restated in its entirety to read as follows:

(b) incur any Indebtedness (other than (i) Indebtedness permitted by Section
6.01(dd) and (ii) Indebtedness under 6.01(b));

          (d) Section 6.15(c) is hereby amended to replace the reference therein to “Section 6.04” with
“Section 6.02(j) or 6.04”.

     Section 1.3 Amendment to Security Agreement. The Security Agreement is hereby
amended as follows:

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          (a) The Preliminary Statement is hereby amended to replace the
reference in the first sentence to “The Grantors” with “The Borrowers (as defined therein)” and to
replace the reference in the second sentence to “the Grantors under the Credit Agreement “ with
“the Borrowers under the Credit Agreement”.

ARTICLE II

AUTHORIZATION

     The Lenders party hereto hereby direct and authorize the Administrative Agent to execute and
deliver such documents and agreements, and to take such other actions as the Administrative Agent
may deem necessary or appropriate, to (i) obtain a first priority perfected security interest in
any aircraft of any Loan Party, including any aircraft engines and other related assets and (ii)
release any Foreign Stock Holding Company (including each of VIHI, Visteon Asia Holdings, Inc.,
Visteon European Holdings Corporation, Visteon Automotive Holdings, LLC, and Visteon Holdings,
LLC) from any and all of its obligations as a Borrower and Loan Guarantor under the Credit
Agreement and the other Loan Documents in conformity with the provisions of the Intercreditor
Agreement.

ARTICLE III

CONDITIONS TO CLOSING

     The effectiveness of the provisions of this Amendment are subject to the satisfaction of the
following conditions:

          (a) Third Amendment. The Borrowers, the Administrative Agent and the Required
Lenders shall have delivered a duly executed counterpart of this Amendment to the Administrative
Agent; provided that to the extent that any provision of Article I or II hereof requires the
consent of Lenders having a greater percentage of the Credit Exposure under the terms of the Credit
Agreement, Lenders having such greater percentage of the Credit Exposure shall be required to
give effect to such provision.

          (b) Administrative Agent Fees and Expenses. The Borrowers shall have paid all costs
and expenses then payable pursuant to Section 4.8 hereof or any other Loan Document with
respect to this Amendment.

          (c) Representations and Warranties. The representations and warranties of
the Borrowers set forth in Section 4.3 hereof are true and correct on the date hereof.

          (d) Amendment Fee. The Borrowers shall
have paid (i) the amendment fee referred to in Section 4.9 hereof to the Administrative Agent for the account
of each Lender theretofore entitled thereto, and (ii) any other fee then due and payable pursuant
to any Loan Document.

ARTICLE IV 

MISCELLANEOUS

     Section 4.1 Effect of Amendment. Except as expressly set forth herein, this
Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or

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otherwise affect the rights and remedies of the Administrative Agent or any Lender under the Loan
Documents, and shall not alter, modify, amend or in any way affect any of the terms, conditions,
obligations, covenants or agreements contained in the Loan Documents, all of which are ratified
and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be
deemed to entitle the Borrowers to a consent to, or a waiver, amendment, modification or other
change of, any of the terms, conditions, obligations, covenants or agreements contained in the
Loan Documents in similar or different circumstances. This Amendment is a Loan Document executed
pursuant to the Credit Agreement and shall be construed, administered and applied in accordance
with the terms and provisions thereof.

     Section 4.2 No Representations by Lenders or Administrative Agent. The Borrowers
hereby acknowledge that they have not relied on any representation, written or oral, express or
implied, by any Lender or the Administrative Agent, other than those expressly contained herein,
in entering into this Amendment.

     Section 4.3 Representations of the Borrowers. Each Borrower represents and warrants
to the Administrative Agent and the Lenders that (a) the representations and warranties set forth
in the Loan Documents (including with respect to this Agreement and the Credit Agreement as
amended hereby) are true and correct in all material respects on and as of the date hereof with
the same effect as though made on the date hereof, except to the extent that such representations
and warranties expressly relate to an earlier date, in which event such representations and
warranties were true and correct in all material respects as of such date, (b) no Default or Event
of Default has
occurred and is continuing, (c) no assets currently are, and since the Effective Date, no
assets of VIHI, Visteon Asia Holdings, Inc., Visteon European Holdings Corporation, Visteon
Automotive Holdings, LLC, or Visteon Holdings, LLC have been, included in the Borrowing Base, (d)
each of VHI, Visteon Asia Holdings, Inc., Visteon European Holdings Corporation, Visteon
Automotive Holdings, LLC, and Visteon Holdings, LLC is a Foreign Stock Holding Company and (e) it
is necessary to release each of VIHI, Visteon Asia Holdings, Inc., Visteon European Holdings
Corporation, Visteon Automotive Holdings, LLC, and Visteon Holdings, LLC from its obligations as a
Borrower and Loan Guarantor to give effect to the Intercreditor Agreement.

     Section 4.4 Successors and Assigns. This Amendment shall be binding upon the parties
hereto and their respective successors and assigns and shall inure to the benefit of the parties
hereto and the successors and assigns of the Lenders and the Administrative Agent.

     Section 4.5
Headings; Entire Agreement. The headings and captions hereunder are for
convenience only and shall not affect the interpretation or construction of this Amendment. This
Agreement contains the entire understanding of the parties hereto with regard to the subject
matter contained herein.

     Section 4.6 Severability. The provisions of this Amendment are intended to be
severable. If for any reason any provision of this Amendment shall be held invalid or unenforceable
in whole or in part in any jurisdiction, such provision shall, as to such jurisdiction, be
ineffective to the extent of such invalidity or unenforceability without in any manner affecting
the validity or enforceability thereof in any other jurisdiction or the remaining provisions hereof
in any jurisdiction.

     Section 4.7 Counterparts. This Amendment may be executed in any number of
counterparts, all of which taken together shall constitute one and the same instrument, and any
party hereto may execute this Amendment by signing any such counterpart. Delivery of an

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executed counterpart of a signature page to this Amendment by facsimile shall be effective as
delivery of a manually executed counterpart of this Amendment.

     Section 4.8 Costs and Expenses. Subject to the terms set forth in Section 9.03 of the
Credit Agreement, the Borrowers agree, jointly and severally, to reimburse the Administrative Agent
for reasonable, documented out of pocket expenses incurred by the Administrative Agent and its
Affiliates, including the reasonable documented fees and other reasonable charges and disbursements
of one counsel for the Administrative Agent (and such other local and foreign counsel as shall be
reasonably required), in connection with this Amendment.

     Section 4.9 Amendment Fee. The Borrowers agree, jointly and severally, to pay to the Administrative Agent for the benefit
of each Lender who delivers a duly executed counterpart of this Agreement to the Administrative
Agent on or before 5:00 PM New York time, March 12, 2008, a nonrefundable amendment fee of 0.10% of
each such Lender’s existing Revolving Commitment.

     Section 4.10 Governing Law. The whole of this Amendment and the rights and
obligations of the parties hereto shall be governed, construed and interpreted in accordance with
the laws of the State of New York, but giving effect to federal laws applicable to national banks.

[Remainder of this page is intentionally left blank.]

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          IN WITNESS WHEREOF, the undersigned have caused this Amendment to be
duly executed and delivered as of the date first above written.

	 	 	 	 	 	 	 
	 

	 	BORROWERS:	 	 
	 
	 	 	 	 	 	 
	 	 	VISTEON CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 

Name: Brian Casey
	 	 
	 

	 	 	 	Title: Vice-President & Treasurer	 	 
	 
	 	 	 	 	 	 
	 

	 	ARS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 

Name: Brian Casey
	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	FAIRLANE HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 

Name: Brian Casey
	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	HALLA CLIMATE SYSTEMS ALABAMA CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 

Name: Brian Casey
	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	INFINITIVE SPEECH SYSTEMS CORP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 

Name: Brian Casey
	 	 
	 

	 	 	 	Title: Treasurer	 	 

 

Third Amendment 

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	 	 	VISTEON REMANUFACTURING,	 	 
	 	 	INCORPORATED, ( FKA LTD PARTS,	 	 
	 	 	INCORPORATED)	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 

Name: Brian Casey
	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	SUNGLAS, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 

Name: Brian Casey
	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	VCAVIATION SERVICES, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 

Name: Brian Casey
	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	VC REGIONAL ASSEMBLY &	 	 
	 	 	MANUFACTURING, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 

Name: Brian Casey
	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	VISTEON AC-HOLDINGS CORP	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 

Name: Brian Casey
	 	 
	 

	 	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	VISTEON ASIA HOLDINGS, INC	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 

Name: Brian Casey
	 	 
	 

	 	 	 	Title: Treasurer	 	 

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	 	 	VISTEON AUTOMOTIVE HOLDINGS, LLC.
	 
	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 
 Name:
Brian Casey
	 

	 	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	VISTEON CLIMATE CONTROL SYSTEMS LIMITED
	 
	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 
 Name:
Brian Casey
	 

	 	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	VISTEON DOMESTIC HOLDINGS, LLC
	 
	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 
 Name:
Brian Casey
	 

	 	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	VISTEON EUROPEAN HOLDINGS
	 	 	CORPORATION
	 
	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 
 Name:
Brian Casey
	 

	 	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	VISTEON GLOBAL TECHNOLOGIES, INC.
	 
	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 
 Name:
Brian Casey
	 

	 	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	VISTEON GLOBAL TREASURY, INC
	 
	 	 	 	 
	 

	 	By
	 	/s/ Brian Casey
 
 Name:
Brian Casey
	 

	 	 	 	Title: Treasurer

3

 

Third Amendment 

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	 	VISTEON HOLDINGS, LLC

 	 
	 	By:  	/s/ Brian Casey
 	 
	 	 	Name:  	Brian Casey 	 
	 	 	Title:  	Treasurer 	 
	 
	 	VISTEON INTERNATIONAL BUSINESS
DEVELOPMENT, INC.

 	 
	 	By:  	/s/ Brian Casey
 	 
	 	 	Name:  	Brian Casey 	 
	 	 	Title:  	Treasurer 	 
	 
	 	VISTEON INTERNATIONAL HOLDINGS, INC.

 	 
	 	By:  	/s/ Brian Casey
 	 
	 	 	Name:  	Brian Casey 	 
	 	 	Title:  	Treasurer 	 
	 
	 	VISTEON LA HOLDINGS CORP.

 	 
	 	By:  	/s/ Brian Casey
 	 
	 	 	Name:  	Brian Casey  	 
	 	 	Title:  	Treasurer 	 
	 
	 	VISTEON SYSTEMS, LLC

 	 
	 	By:  	/s/ Brian Casey
 	 
	 	 	Name:  	Brian Casey  	 
	 	 	Title:  	Treasurer 	 
	 
	 	VISTEON TECHNOLOGIES, LLC

 	 
	 	By:  	/s/ Brian Casey
 	 
	 	 	Name:  	Brian Casey  	 
	 	 	Title:  	Treasurer 	 

4

 

	 	 	 	 	 

Third Amendment 

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	 	TYLER ROAD INVESTMENTS, LLC

 	 
	 	By:  	/s/ Brian Casey
 	 
	 	 	Name:  	Brian Casey  	 
	 	 	Title:  	Treasurer 	 

5

 

	 	 	 	 	 

Third Amendment 

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	 	VISTEON FINANCIAL CORPORATION

 	 
	 	By:  	/s/ Brian Casey
 	 
	 	 	Name:  	Brian Casey 	 
	 	 	Title:  	Treasurer 	 
	 
	 	GCM / VISTEON AUTOMOTIVE SYSTEMS, LLC

 	 
	 	By:  	/s/ Brian Casey
 	 
	 	 	Name:  	Brian Casey 	 
	 	 	Title:  	Treasurer 	 
	 
	 	GCM / VISTEON AUTOMOTIVE LEASING SYSTEMS, LLC

 	 
	 	By:  	/s/ Brian Casey
 	 
	 	 	Name:  	Brian Casey 	 
	 	 	Title:  	Treasurer 	 
	 

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	 	 	JPMORGAN CHASE BANK,
N.A.

as Administrative Agent. Swingline Lender. Issuing
Bank, and Lender  
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert P. Kellas	 	 
	 

	 	 	 	 	 	 
	 	 	Name: Robert P. Kellas	 	 
	 	 	Title: Executive Director

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