Document:

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                                                               EXECUTION VERSION

EXHIBIT 10.4

                FOURTH AMENDMENT TO AMENDED AND RESTATED BINDING

                                   TERM SHEET

            This FOURTH AMENDMENT TO AMENDED AND RESTATED BINDING TERM SHEET
(this "AMENDMENT") is made effective as of May 13, 2005 by and between NORTHWEST
BIOTHERAPEUTICS, INC., a Delaware corporation (the "COMPANY"), and TOUCAN
CAPITAL FUND II, L.P., a Delaware limited partnership ("TOUCAN").

                                    RECITALS

            WHEREAS, the Company and Toucan are party to that certain Binding
Convertible Preferred Stock Term Sheet originally dated April 26, 2004 and
amended and restated on October 22, 2004 as further amended on December 27,
2004, January 26, 2005 and April 12, 2005 (the "CONVERTIBLE PREFERRED STOCK TERM
SHEET").

            WHEREAS, concurrently herewith, the Company and its affiliates, if
any, and Toucan and its designees, are entering into Amendment No. 6 (the "SIXTH
AMENDMENT") to that certain Amended and Restated Recapitalization Agreement by
and between the parties thereto; and

            WHEREAS, in connection with the Sixth Amendment, the Company and
Toucan desire to amend the Convertible Preferred Stock Term Sheet as provided
herein.

                                    AGREEMENT

            NOW, THEREFORE, for and in consideration of good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Company and Toucan agree as follows:

            1. The paragraph of the Convertible Preferred Stock Term Sheet
entitled "Warrants:" is hereby amended and restated in its entirety as follows:

           "The Company shall issue $5.85 million in warrant coverage on the
           first $5.85 million Convertible Preferred Stock purchased for cash
           (the "Preferred Stock Warrants"). Preferred Stock Warrants shall not
           be issued upon conversion of notes, exercise of warrants, or other
           conversion or exercise. The number of warrants to be so issued shall
           be determined on the basis of $0.10 per share. If the total of $5.85
           million is invested in Convertible Preferred Stock, the number of
           warrants issued shall be exercisable for 58.5 million shares of
           Convertible Preferred Stock. The exercise price of such Preferred
           Stock Warrants shall be $.04 per share (subject to adjustment for
           stock splits, stock dividends and the like). The exercise period
           shall commence upon issuance of the Preferred Stock Warrants, and
           shall continue for a period of seven (7) years after their respective
           issuance dates."

            2. Unless specifically modified or changed by the terms of this
Amendment, all terms and conditions of the Convertible Preferred Stock Term
Sheet shall remain in effect and shall apply fully as described and set forth in
the Convertible Preferred Stock Term Sheet.

            3. This Amendment may be executed in two or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

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                                                               EXECUTION VERSION

            The Company and Toucan have executed this FOURTH AMENDMENT TO
AMENDED AND RESTATED BINDING TERM SHEET as of the day and year first written
above.

TOUCAN CAPITAL FUND II, L.P.             NORTHWEST BIOTHERAPEUTICS, INC.

By:                                      By:
   ---------------------------------        ----------------------------------
Name:      Linda Powers                  Name:  Alton L. Boynton
Title:     Managing Director             Title:  Presidentexv10w1

 

EXHIBIT 10.1

Summary of Agreement

between

Satiz Srl and the Trade Union Organizations

Slc/Cgil, Fistel/Cisl and Uilcom/Uil of the Province of Turin

The Agreement was entered into on January 15, 2005, by and among Satiz Srl, an indirect
wholly-owned subsidiary of MSX International, Inc. (“Satiz”) on one side, and the Trade Union
Organizations Slc/Cgil, Fistel/Cisl and Uilcom/Uil of the Province of Turin and the Internal Union
Representatives of the Company on the other side.

The Agreement sets forth proposals by Satiz with regards to the treatment of employees during the
course of downsizing at certain locations run by Satiz. Due to decreased customer demand for some
of the products and services offered by Satiz, Satiz has less of a need for the number of employees
that are working at certain locations.

Pursuant to the Agreement, Satiz agrees, after receiving verification and agreement from interested
parties and the appropriate authorities, to request permission from the Labor Ministry to implement
a special layoff procedure in accordance with Art. 1 of Labor Ministry and Social Politics
Provision, dated December 18, 2002 (Official Gazette no. 32, February 8, 2003) that would commence
on January 24, 2005, and extend for twelve months. Pursuant to the special layoff procedure, Satiz
would gradually implement its downsizing and offer incentives to some of its employees to encourage
them to terminate their employment with Satiz, as well as facilitate the placement (“mobilità”)of
former employees and assist former employees in taking advantage of possible employment
opportunities with other employers. The incentives to terminate employment with Satiz include the
following:

     1. if an employee becomes qualified to retire during the time of the downsizing, the employee
could receive 500 Euros gross upon termination of employment with Satiz;

     2. if an employee becomes qualified to retire during the time of the placement period, the
employee could receive 250 Euros gross per month for the first year of placement and 350 Euros per
month for the second and third year of placement upon termination of employment with Satiz; and

     3. if an employee is not qualified to retire during the downsizing or placement periods, the
employee could receive six times his or her final gross salary relevant to the month of December
2004 upon termination of employment with Satiz.

All of the abovementioned severance payments are required to be paid by the end of the month
following the month in which the employee’s employment was terminated.

Satiz also agreed to implement placement procedures for former employees by February 15, 2005, in
addition to searching for parties who are interested in purchasing the Document Systems division of
Satiz. Satiz will also consider part-time employment of and replacement of employees who
voluntarily leave with employees who were scheduled to be laid off where the skills and needs
required by the position being vacated overlap with the employee who was scheduled to be laid off.

The plan presented to the unions also anticipates, among other things, (i) the reorganization of
activities in various locations to streamline operations, (ii) the recruitment of highly
specialized professionals, (iii) the creation of a network of sales people and (iv) the
implementation of new marketing strategies. In addition, the plan contemplates a rationalization
of the Document Systems division, a refocusing of the Publishing Products division on pre-press
activities, and a strengthening of the relationships with existing customers in the Technical
Publishing division.

Pursuant to the Agreement, Satiz agrees that it will attempt to enter into consulting and other
similar arrangements only when the skills and technologies contracted for are not already available
within Satiz.

Reviews of the downsizing plans of Satiz and the status of employees involved in the special layoff
procedure will be evaluated quarterly, in addition to a special review taking place 90 days before
the special layoff procedure is terminated.exv10w2

 

EXHIBIT 10.2

INTERCREDITOR AGREEMENT

               THIS INTERCREDITOR AGREEMENT (this “Agreement”), dated as of August 1, 2003, is among COURT
SQUARE CAPITAL LIMITED, a Delaware corporation, solely in its capacity as the lender under that
certain Third Secured Term Loan Agreement described below (“CSCL”), CITICORP MEZZANINE III, L.P., a
Delaware limited partnership (“CMP”), BNY MIDWEST TRUST COMPANY, in its capacity as collateral
agent and trustee for the holders of the Second Secured Notes described below (the “Second Lien
Agent”) and BANK ONE, NA, in its capacity as agent for the lenders party to the Credit Agreement
described below (the “First Lien Agent”).

RECITALS

               A. Contemporaneously herewith, MSX International, Inc. (the “Company”), each of the Foreign
Borrowing Subsidiaries of the Company party thereto from time to time (the “Foreign Borrowing
Subsidiaries”, and the Company and the Foreign Borrowing Subsidiaries, the “Borrowers”), the
lenders party thereto from time to time (the “First Secured Lenders”) and Bank One, NA, as agent,
are parties to an Amended and Restated Credit Agreement dated as of the date hereof (as amended,
restated, refinanced, replaced or otherwise modified from time to time, and including without
limitation any agreement executed in substitution or replacement thereof or otherwise refinancing
such Amended and Restated Credit Agreement, the “First Secured Credit Agreement”).

               B. Contemporaneously herewith, the Company, each domestic restricted subsidiary of the
Company, MSX International Limited (the “UK Borrower”) and the Second Lien Agent have entered into
a certain indenture, dated as of the date hereof (as amended, restated, refinanced, replaced or
otherwise modified from time to time, and including without limitation any agreement executed in
substitution or replacement thereof or otherwise refinancing such indenture, the “Second Secured
Indenture”), pursuant to which the Company has issued 75,500 units consisting of its senior secured
notes due October 15, 2007 (including any Additional Notes (defined therein) or Exchange Notes
(defined therein) the “Second Secured Notes”) in the original principal amount of $75,500,000 on
the date hereof.

               C. Contemporaneously herewith, the Company, the UK Borrower and CMP have entered into a Third
Secured Term Loan Agreement dated as of the date hereof (as amended, restated, refinanced, replaced
or otherwise modified from time to time, and including without limitation any agreement executed in
substitution or replacement thereof or otherwise refinancing such Third Secured Term Loan
Agreement, the “Third Secured Term Loan Agreement”).

               D. The Company, the UK Borrower and CSCL are parties to an Amended and Restated Fourth Secured
Term Loan Agreement dated as of the date hereof (as so amended and as further amended, restated,
refinanced, replaced or otherwise modified from time to time, and including without limitation any
agreement executed in substitution or replacement thereof or otherwise refinancing such Amended and
Restated Fourth Secured Term Loan Agreement, the “Fourth Secured Term Loan Agreement”).

               E. The parties to the First Secured Credit Agreement, the Second Secured Indenture and the
Third Secured Term Loan Agreement are willing to enter into those agreements only if this Agreement
is executed by all parties hereto specifying the relative lien priorities, rights and other terms
described herein.

AGREEMENT

               In consideration of the mutual agreements herein contained, the parties agree as follows:

                         1. Definitions. The following terms shall have the following respective meanings:

                                   “Assets” means all present and future assets of the Company and each of its Subsidiaries,
including without limitation all accounts, inventory, equipment, general intangibles, chattel
paper, capital stock and other investment property, instruments, deposit accounts, fixtures,
supporting obligations, real property and any other asset of any type, whether real, personal or
otherwise, and wherever located.

                                   “Borrowers” is defined in the recitals hereto.

                                   “Company” is defined in the recitals hereto.

                                   “Collateral” means all Assets on which any First Lien, Second Lien, Third Lien or Fourth Lien
exists at any time.

 

 

                                   “CMP” is defined in the preamble hereto.

                                   “CSCL” is defined in the preamble hereto.

                                   “First Lien Agent” is defined in the preamble hereto.

                                   “First Liens” means all Liens in favor of the First Lien Agent, for the benefit of the First
Secured Creditors, on any Assets, whether such Liens are now in existence or arise hereafter, up to
the amount of the permitted First Secured Obligations.

                                   “First Secured Collateral” means all Assets of the Company and each of its Subsidiaries on
which any First Lien exists.

                                   “First Secured Credit Agreement” is defined in the recitals hereto.

                                   “First Secured Creditors” means the First Lien Agent and the First Secured Lenders.

                                   “First Secured Lenders” is defined in the recitals hereto.

                                   “First Secured Loan Documents” means the First Secured Credit Agreement and all other
agreements, instruments and documents executed in connection therewith at any time, as amended or
modified form time to time.

                                   “First Secured Obligations” means all Obligations outstanding at any time under any of the
First Secured Loan Documents (provided that the principal amount of such Obligations shall not
exceed the amount permitted under the Second Secured Indenture as in effect on the date hereof
without any modification) and all Obligations of the Company or it Subsidiaries to any of the First
Secured Creditors or any of their Affiliates with respect to any overdrafts, returned items and
other liabilities that arises from treasury, depository, foreign exchange (including without
limitation foreign currency hedging obligations) or cash management services, including without
limitation in connection with any automated clearing house transfers of funds, wire transfer
services, controlled disbursement accounts or similar transactions, and all Obligations in
connection with any commercial credit cards or stored value cards.

                                   “Foreign Borrowing Subsidiaries” is defined in the recitals hereto.

                                   “Foreign Subsidiary” means any present and future Subsidiary of the Company that is not
organized under the laws of the United States of America or any state thereof.

                                   “Fourth Liens” means all Liens in favor of the Fourth Secured Creditors with respect to any
Assets, whether such Liens are now in existence or arise hereafter, up to the amount of the
permitted Fourth Secured Obligations.

                                   “Fourth Secured Collateral” means all Assets of the Company and each of its Subsidiaries on
which any Fourth Lien exists, provided that (a) no Fourth Lien may exist on any such Asset on which
an enforceable, perfected First Lien (if the First Secured Obligations have not been Paid in Full),
Second Lien (if the Second Secured Obligations have not been Paid in Full) and Third Lien (if the
Third Secured Obligations have not been Paid in Full) does not exist and (b) all Assets of any
Foreign Subsidiary (other than the accounts receivable of the UK Borrower) and all Capital Stock
held by a Foreign Subsidiary shall be excluded from Fourth Secured Collateral.

                                   “Fourth Secured Creditors” means CSCL and any other holders of the Fourth Secured Obligations.

                                   “Fourth Secured Loan Documents” means the Fourth Secured Term Loan Agreement and all other
agreements, instruments and documents executed in connection therewith at any time, as amended or
modified form time to time.

                                   “Fourth Secured Obligations” means all Obligations outstanding at any time under any of the
Fourth Secured Loan Documents.

                                   “Fourth Secured Term Loan Agreement” is defined in the recitals hereto.

                                   “Fourth Secured Term Loan” means the loans made under the Fourth Secured Term Loan Agreement.

                                   “Insolvency Proceeding” is defined in Section 5(a).

 

 

                                   “Junior Liens” means the Second Liens, the Third Liens and the Fourth Liens, until the First
Secured Obligations are Paid in Full, and thereafter means the Third Liens and the Fourth Liens
until the Second Secured Obligations are Paid in Full, and thereafter means the Fourth Liens.

                                   “Junior Secured Creditors” means the Second Secured Creditors, the Third Secured Creditors and
the Fourth Secured Creditors until the First Secured Obligations are Paid in Full, and thereafter
means the Third Secured Creditors and the Fourth Secured Creditors until the Second Secured
Obligations are Paid in Full, and thereafter means the Fourth Secured Creditors.

                                   “Junior Secured Obligations” means the Second Secured Obligations and the Third Secured
Obligations, until the First Secured Obligations are Paid in Full, and thereafter means the Third
Secured Obligations and Fourth Secured Obligations until the Second Secured Obligations are Paid in
Full, and thereafter means the Fourth Secured Obligations.

                                   “Lien” means any pledge, assignment, hypothecation, mortgage, security interest, deposit
arrangement, option, conditional sale or title retaining contract, sale and leaseback transaction,
financing statement filing, lessor’s or lessee’s interest under any lease, or any other type of
lien, charge, encumbrance, preferential arrangement or other claim or right.

                                   “Obligations” means all present and future obligations for principal, premium, interest, make
whole payments, penalties, fees, indemnifications (other than wholly contingent indemnification
obligations that are not due or payable), reimbursements (under letters of credit or otherwise, and
contingent or otherwise), termination payments, damages and other indebtedness, liabilities and
obligations of any kind (including without limitation all interest and fees and other amounts
accruing after commencement of any case, proceeding or other action relating to the bankruptcy,
insolvency or reorganization, whether or not an allowed claim).

                                   “Paid in Full” means, with respect to any Secured Obligations, the irrevocable payment in full
in cash of such Secured Obligations (including without limitation providing cash collateral for any
outstanding letters of credit included in such Secured Obligations) and the expiry or termination
of any commitment to lend or make other advances under the agreements relating to such Secured
Obligations.

                                   “Person” shall include an individual, a corporation, an association, a partnership, a trust or
estate, a joint stock company, an unincorporated organization, a joint venture, a trade or business
(whether or not incorporated), a government (foreign or domestic) and any agency or political
subdivision thereof, or any other entity.

                                   “Pledged Collateral” shall mean any tangible property in the possession of any Secured
Creditor (or its agents or bailees) in which a security interest is perfected by such possession.

                                   “Priority Secured Creditors” means the First Secured Creditors until the First Secured
Obligations are Paid in Full, and thereafter means the Second Secured Creditors until the Second
Secured Obligations are Paid in Full, and thereafter means the Third Secured Creditors.

                                   “Priority Secured Obligations” means the First Secured Obligations until the First Secured
Obligations are Paid in Full, and thereafter means the Second Secured Obligations until the Second
Secured Obligations are Paid in Full, and thereafter means the Third Secured Obligations.

                                   “Second Lien Agent” is defined in the preamble hereto.

                                   “Second Liens” means all Liens in favor of the Second Lien Agent, for the benefit of the
Second Secured Creditors, on any Assets, whether such Liens are now in existence or arise
hereafter, up to the amount of the permitted Second Secured Obligations.

                                   “Second Secured Collateral” means all Assets of the Company and each of its Subsidiaries on
which any Second Lien exists, provided that (a) no Second Lien may exist on any such Asset on which
an enforceable, perfected First Lien (if the First Secured Obligations have not been Paid in Full)
does not exist and (b) all Assets of any Foreign Subsidiary (other than the accounts receivable of
the UK Borrower) and all Capital Stock held by a Foreign Subsidiary shall be excluded from Second
Secured Collateral.

                                   “Second Secured Creditors” means the Second Lien Agent and all present and future holders of
the Second Secured Notes.

                                   “Second Secured Indenture” is defined in the recitals hereto.

 

 

                                   “Second Secured Loan Documents” means the Second Secured Indenture, the Second Secured Notes
and all other agreements, instruments and documents executed in connection therewith at any time,
as amended or modified form time to time.

                                   “Second Secured Notes” is defined in the recitals hereto.

                                   “Second Secured Obligations” means all Obligations outstanding at any time under any of the
Second Secured Loan Documents.

                                   “Secured Creditors” means the First Secured Creditors, the Second Secured Creditors and the
Third Secured Creditors.

                                   “Secured Loan Documents” means the First Secured Loan Documents, the Second Secured Loan
Documents and the Third Secured Loan Documents.

                                   “Secured Obligations” means the First Secured Obligations, the Second Secured Obligations and
the Third Secured Obligations.

                                   “Senior Subordinated Note Indenture” means the Senior Subordinated Indenture between the
Company, the UK Borrower, the subsidiary guarantors named therein and IBJ Schroder Bank & Trust
Company, as trustee, dated as of January 15, 1998, as amended or modified from time to time.

                                   “Subsidiary” of a Person means, any corporation, partnership, limited liability company,
association, joint venture or similar business organization more than 50% of the outstanding
capital stock, membership interest, partnership interest or other ownership interest having
ordinary voting power (other than securities or other ownership interests which have such power or
right only by reason of the happening of a contingency) of which shall at the time be owned
beneficially and of record, by such Person or by one or more of the other Subsidiaries of such
Person or by any combination thereof. Any reference in this Agreement to a Subsidiary shall be
deemed reference to a Subsidiary of the Company unless otherwise indicated.

                                   “Third Liens” means all Liens in favor of the Third Secured Creditors with respect to any
Assets, whether such Liens are now in existence or arise hereafter, up to the amount of the
permitted Third Secured Obligations.

                                   “Third Secured Collateral” means all Assets of the Company and each of its Subsidiaries on
which any Third Lien exists, provided that (a) no Third Lien may exist on any such Asset on which
an enforceable, perfected First Lien (if the First Secured Obligations have not been Paid in Full)
and Second Lien (if the Second Secured Obligations have not been Paid in Full) does not exist and
(b) all Assets of any Foreign Subsidiary (other than the accounts receivable of the UK Borrower)
and all Capital Stock held by a Foreign Subsidiary shall be excluded from Third Secured Collateral.

                                   “Third Secured Creditors” means CMP and any other holders of the Third Secured Obligations.

                                   “Third Secured Loan Documents” means the Third Secured Term Loan Agreement and all other
agreements, instruments and documents executed in connection therewith at any time, as amended or
modified form time to time.

                                   “Third Secured Term Loan Agreement” is defined in the recitals hereto.

                                   “Third Secured Term Loan” means the loans made under the Third Secured Term Loan Agreement.

                                   “Third Secured Obligations” means all Obligations outstanding at any time under any of the
Third Secured Loan Documents.

                                   “UK Borrower” is defined in the recitals hereto.

                                   All defined terms shall include both the singular and the plural forms thereof and shall be
construed accordingly. Use of the terms “herein”, “hereof”, and “hereunder” shall be deemed
references to this Agreement in its entirety and not to the Section or clause in which such term
appears.

                         2. Lien Priority.

                         (a) The Fourth Secured Creditors shall be allowed to be granted Fourth Liens only on the
Fourth Secured Collateral and any Liens in favor of the Fourth Secured Creditors on any other
Assets shall be null and void. All Fourth Liens are hereby made junior and inferior in priority,
operation and effect to the priority, operation and effect of all First Liens, Second Liens and

 

 

Third Liens, and all First Liens, Second Liens and Third Liens are superior and prior in priority,
operation and effect to the priority, operation and effect of all Fourth Liens. The Fourth Secured
Creditors hereby agree to note on all financing statements naming the Company or any of its
Subsidiaries as debtor, in the Fourth Secured Term Loan Agreement and in such other Fourth Secured
Loan Documents that grant a Lien as requested by the First Lien Agent, that all Fourth Liens are
subject to this Agreement, in form and substance reasonably satisfactory to the First Lien Agent
and the Second Lien Agent and the Third Secured Creditors, and authorize the First Lien Agent, the
Second Lien Agent and the Third Secured Creditors to amend any financing statements filed by or on
behalf of the Fourth Secured Creditors to note that they are subject to this Agreement.

                         (b) The Third Secured Creditors shall be allowed to be granted Third Liens only on the Third
Secured Collateral and any Liens in favor of the Third Secured Creditors on any other Assets shall
be null and void. All Third Liens are hereby made junior and inferior in priority, operation and
effect to the priority, operation and effect of all First Liens and Second Liens, and all First
Liens and Second Liens are superior and prior in priority, operation and effect to the priority,
operation and effect of all Third Liens. The Third Secured Creditors hereby agree to note on all
financing statements naming the Company or any of its Subsidiaries as debtor, in the Third Secured
Term Loan Agreement, the Third Secured Term Loan Agreement and in such other Third Secured Loan
Documents that grant a Lien as requested by the First Lien Agent, that all Third Liens are subject
to this Agreement, in form and substance reasonably satisfactory to the First Lien Agent and the
Second Lien Agent, and authorize the First Lien Agent and the Second Lien Agent to amend any
financing statements filed by or on behalf of the Third Secured Creditors to note that they are
subject to this Agreement.

                         (c) The Second Secured Creditors shall be allowed to be granted Second Liens only on the
Second Lien Collateral and any Liens in favor of the Second Secured Creditors on any other Assets
shall be null and void. All Second Liens are hereby made junior and inferior in priority,
operation and effect to the priority, operation and effect of all First Liens up to the amount of
the First Secured Obligations, and all First Liens (up to the amount of the First Secured
Obligations) are superior and prior in priority, operation and effect to the priority, operation
and effect of all Second Liens. The Second Secured Creditors hereby agree to note on all financing
statements naming the Company or any of its Subsidiaries as debtor, in the Second Secured Indenture
and in such other Second Secured Loan Documents that grant a Lien as requested by the First Lien
Agent, that all Second Liens are subject to this Agreement, in form and substance reasonably
satisfactory to the First Lien Agent, and authorize the First Lien Agent to amend any financing
statements filed by or on behalf of the Second Secured Creditors to note that they are subject to
this Agreement.

                         (d) Any distribution of any Collateral and all proceeds thereof, whether upon any sale,
dissolution, winding up, bankruptcy, foreclosure, repossession or other Insolvency Proceeding or
otherwise, shall be applied first to the First Secured Obligations until the First Secured
Obligations are Paid in Full, second to the Second Secured Obligations until the Second Secured
Obligations are Paid in Full, third to the Third Secured Obligations until the Third Secured
Obligations are Paid in Full and fourth, to the Fourth Secured Obligations, until the Fourth
Secured Obligations are Paid in Full.

                         (e) Each Junior Secured Creditor agrees that it will not take a Lien on any Assets unless the
First Secured Creditors (if the First Secured Obligations have not been Paid in Full) and the
Second Secured Creditors (if the Second Secured Obligations have not been Paid in Full) have an
enforceable, perfected Lien on such Assets and, in the case of the Fourth Secured Creditors only,
the Third Secured Creditors have an enforceable, perfected Lien on such Assets. If any Junior
Secured Creditor wants to obtain, and by the terms of its own Secured Loan Documents to which it is
a party is entitled to obtain, a Lien on any Asset on which the First Secured Creditors (if the
First Secured Obligations have not been Paid in Full), the Second Secured Creditors (if the Second
Secured Obligations have not been Paid in Full) and, in the case of the Fourth Secured Creditors
only, the Third Secured Creditors do not have an enforceable, perfected Lien, such Junior Secured
Creditor shall cause the Company and its Subsidiaries to grant an enforceable, perfected Lien on
such Assets to the First Secured Creditors (if the First Secured Obligations have not been Paid in
Full), the Second Secured Creditors (if the Second Secured Obligations have not been Paid in Full)
and, in the case of the Fourth Secured Creditors only, the Third Secured Creditors before such
Junior Secured Creditor obtains a Lien on such Assets. The First Secured Creditors (if the First
Secured Obligations have not been Paid in Full), the Second Secured Creditors (if the Second
Secured Obligations have not been Paid in Full) and, if applicable, the Third Secured Creditors
shall accept such Liens, provided that the First Secured Creditors, the Second Secured Creditors
and, if applicable, the Third Secured Creditors shall not be responsible for obtaining an
enforceable, perfected Lien on such Assets or be liable to any Junior Secured Creditors for any
failure to obtain an enforceable, perfected Lien on such Assets, and such Liens of the Junior
Secured Creditors on such Assets shall be null and void if the First Secured Creditors (if the
First Secured Obligations have not been Paid in Full), the Second Secured Creditors (if the Second
Secured Obligations have not been Paid in Full) and, if applicable, the Third Secured Creditors do
not have an enforceable, perfected Lien on such Assets.

                         (f) The priorities of the Liens specified in this Agreement are applicable regardless of the
time or order of attachment or perfection of the Liens. The First Liens have first priority, the
Second Liens have second priority, the Third Liens have third priority and the Fourth Liens have
fourth priority, all as described in this Agreement.

                         3. Rights and Remedies. The parties hereto agrees as follows:

 

 

                         (a) until the earlier of (i) January 15, 2008 or (ii) the date the Priority Secured
Obligations become due and payable, by acceleration or otherwise, and after the earlier of such
dates so long as any Priority Secured Creditors are enforcing or otherwise exercising in good faith
and in a reasonably diligent manner any of their rights or remedies (but not after the earlier of
such dates if no Priority Secured Creditor is enforcing or otherwise exercising in good faith and
in a reasonably diligent manner any of their rights or remedies), (1) the Junior Secured Creditors
shall not exercise any right or remedy to which they may be entitled with respect to any Lien in
favor of such Secured Creditors, including without limitation collecting or repossessing any
Collateral or notifying any account debtors or other obligors with respect thereto; and (2) the
Priority Secured Creditors shall have the sole and exclusive right to take possession of, commence
and conduct foreclosure proceedings with respect to, or otherwise dispose of and realize on or
otherwise exercise any rights with respect to, the Collateral, and shall direct and control any
sale or other disposition of the Collateral, whether pursuant to any foreclosure, repossession or
other judicial proceedings or otherwise without the consent or approval of any Junior Secured
Creditor;

                         (b) until such time as this Agreement is terminated, the Junior Secured Creditors’ rights in
the event of any sale of any Collateral shall be limited to the rights to receive any excess
proceeds thereof, after all Priority Secured Obligations have been Paid in Full and, without
limiting the foregoing, upon any distribution of any Collateral or any proceeds thereof upon any
dissolution, winding-up, bankruptcy, foreclosure, repossession or other Insolvency Proceeding or
exercise of other enforcement remedies, total or partial liquidation or reorganization of the
Company, any of its Subsidiaries or any of their assets, the First Secured Creditors will be
entitled to receive all such distributions and other proceeds in respect to the Collateral until
the First Secured Obligations are Paid in Full before the Junior Secured Creditors shall be
entitled to receive any payment from the Collateral and, after the First Secured Obligations are
Paid in Full, the Second Secured Creditors will be entitled to receive all such distributions and
other proceeds in respect to the Collateral until the Second Secured Obligations are paid in full
before the Third Secured Creditors shall be entitled to receive any payment from the Collateral,
and, after the Second Secured Obligations are Paid in Full, the Third Secured Creditors will be
entitled to receive all such distributions and other proceeds in respect to the Collateral until
the Third Secured Obligations are paid in full before the Fourth Secured Creditors shall be
entitled to receive any payment from the Collateral;

                         (c) until such time as this Agreement is terminated, the Secured Creditors shall not have any
obligation to marshal any present or future security, guaranty or other support available to them
or to resort to such security in any particular order and each Secured Creditor entitled to dispose
of Collateral hereunder may dispose of the Collateral in such manner as such Secured Creditor shall
deem appropriate in their sole and absolute discretion;

                         (d) until such time as this Agreement is terminated, the Junior Secured Creditors agree that
in the event any Priority Secured Creditors release any Priority Liens, the Junior Secured
Creditors will, not later than simultaneously with the release or termination of any such Priority
Lien, terminate and release all Junior Liens on the Collateral for which any such Priority Secured
Creditors are releasing the Junior Secured Liens and take such other actions to effect the same,
provided that (i) such release by the Junior Secured Creditors and the Priority Secured Creditors
shall not affect the Liens they have in proceeds or other Collateral, (ii) such Lien of the Junior
Secured Creditors on proceeds shall not affect the rights of the Company and its Subsidiaries to
use such proceeds upon the terms and to the extent provided in the Secured Loan Documents,
including without limitation the use thereof to pay Priority Secured Obligations, and (iii) the use
of the proceeds shall not violate the terms of any Secured Loan Document, provided that the payment
of the First Secured Obligations and, if the First Secured Obligations have been Paid in Full, the
Second Secured Obligations, and, if the Second Secured Obligations have been Paid in Full, the
Third Secured Obligations, with such proceeds and a simultaneous reduction in the maximum amount
that may be borrowed thereunder by the amount of such payment shall not be a violation of any
Secured Loan Document regardless of any provision in any Secured Loan Document to the contrary;

                         (e) until such time as this Agreement is terminated, the Junior Secured Creditors shall not,
due to any rights it may have as a holder of the Junior Liens, interfere with or in any manner
oppose the Priority Secured Creditors in the exercise of any of their rights and remedies under
their Secured Loan Documents with respect to the Collateral (provided that such exercise is in good
faith and in a commercially reasonable manner), and shall not interfere with or in any manner
oppose a disposition of, or other realization on, the Collateral by the Priority Secured Creditors,
provided that the giving of any notice by it to any Person that has rights against the Company or
any Subsidiary who is a guarantor of Junior Secured Obligations, including, without limitation,
that it holds the Junior Liens, shall not be deemed to so interfere or oppose. In exercising their
exclusive right to control the manner and method of realization upon any of the Collateral, the
Priority Secured Creditors may, at any time and from time to time, in their sole and absolute
discretion, exercise any of their rights and remedies under their Secured Loan Documents. If the
Company or any of its Subsidiaries consents or fails to object to a proposed retention of
Collateral (or a portion thereof) by the Priority Secured Creditors in satisfaction of the Priority
Secured Obligations (or a portion thereof), the Junior Secured Creditors hereby consent to such
proposed retention regardless of whether they are provided with notice of such proposed retention;

 

 

                         (f) until such time as this Agreement is terminated, the Junior Secured Creditors shall not
elect or send any notice to effect a “Payment Blockage” under Section 10.3 of the Senior
Subordinated Note Indenture or any similar provisions thereunder or under any indenture or other
agreement issued in exchange or replacement therefor; and

                         (g) any Junior Secured Creditor may make such demands or file such claims as may be necessary
to prevent the waiver or bar of such claims under applicable statutes of limitations or other
statutes, court orders or rules of procedure, but except as provided in this Section no Junior
Secured Creditor shall take any actions restricted by this Agreement until, in the case of the
Second Secured Creditors, the First Secured Obligations are Paid in Full, in the case of the Third
Secured Creditors, the Second Secured Obligations are Paid in Full and, in the case of the Fourth
Secured Creditors, the Third Secured Obligations are Paid in Full.

                                   4. Junior Secured Creditors’ Waivers. (a) The Junior Secured Creditors hereby waive
any right they may have to require that the Priority Secured Creditors marshal the Collateral or
any other guaranty or support they may have in favor of the Junior Secured Creditors.

                         (b) Without notice to or the consent of the Junior Secured Creditors, the First Secured
Creditors (if the First Secured Obligations have not been Paid in Full), the Second Secured
Creditors (if the Second Secured Obligations have not been Paid in Full) and the Third Secured
Creditors may, at any time and from time to time and without impairing or releasing the priority of
Liens and other agreements herein made, do any one or more of the following: (i) change the
manner, place or terms of payment, or change or extend the time of payment, of their Secured
Obligations, or amend or supplement in any manner the documentation evidencing, securing or
relating to the Collateral or otherwise with respect to their Secured Obligations, or increase
without limit (subject to the terms of this Agreement) the amount of their Secured Obligations;
(ii) release any person or entity liable in any manner for the payment or collection of their
Secured Obligations; (iii) exercise or refrain from exercising any rights with respect to the
Collateral or otherwise with respect to their Secured Obligations, any guarantor of their Secured
Obligations or any other person or entity; (iv) apply any monies or other property paid by any
person or entity or otherwise available to their Secured Obligations; (v) accept or release, or
fail to perfect an interest in, any Collateral or other security for their Secured Obligations; or
(vi) take or omit to take any other action with respect to the Collateral or otherwise with respect
to their Secured Obligations which may impair or adversely affect the subordination of Liens and
other agreements herein made.

                         (c) The Junior Secured Creditors hereby waive notice of acceptance of the terms of this
Agreement, and notice of reliance by the Priority Secured Creditors on this Agreement in extending
any financial accommodation to the Company or any of its Subsidiaries.

                         (d) Each Secured Creditor acknowledges that the other Secured Creditors have made no
warranties or representations with respect to the due execution, legality, validity, completeness
or enforceability of any Secured Loan Documents, the collectability of the Secured Obligations, the
enforceability or perfection of any Liens or any matter whatsoever related to the Secured
Obligations or the Collateral.

                         (e) The Junior Secured Creditors agree that the Priority Secured Creditors shall have no
liability to the Junior Secured Creditors for, and the Junior Secured Creditors hereby waive any
claim which the Junior Secured Creditors may have at any time against the Priority Secured
Creditors arising out of, any and all actions which the Priority Secured Creditors, in good faith
and in a commercially reasonable manner, take or omit to take with respect to (i) the Secured Loan
Documents, (ii) collection of the Priority Secured Obligations or (iii) foreclosure upon and sale,
liquidation or other disposition, or valuation, use, protection or release, of the Collateral or
any guaranty or other support. Notwithstanding anything herein to the contrary, the Junior Secured
Creditors are not waiving any claims they may have if the Priority Secured Creditors do not
exercise their rights and remedies under the Priority Secured Loan Documents in good faith and in a
commercially reasonable manner.

                         (f) The Junior Secured Creditors waive any right that they may have, whether such right arises
under the Uniform Commercial Code or any other applicable law, to receive notice of the Priority
Creditors’ intended disposition of the Collateral (or a portion thereof) or of the Priority Secured
Creditors’ proposed retention of such assets in satisfaction of the Priority Secured Obligations
(or a portion thereof).

                         5. Bankruptcy Issues. (a) This Agreement shall be applicable both before and after
the commencement, whether voluntary or involuntary, of any case or other proceeding of any kind
with respect to the Company or any of its Subsidiaries at any time under any bankruptcy,
insolvency, reorganization, liquidation, adjustment or composition of it or its debts under any
law, rule or regulation relating to bankruptcy, insolvency or reorganization or relief of debtors,
or any other similar proceeding relating to any bankruptcy, insolvency or similar actions, in any
case whether under any federal or state law, rule or regulation or other law, rule or regulation in
the United States or any non-United States law, rule or regulation or otherwise, or appointing a
receiver, trustee, examiner, liquidator or similar official for the Company or any of its
Subsidiaries or any material portion of any of their assets (any of the foregoing defined herein as
an “Insolvency Proceeding”), and all references herein shall be deemed to apply to the Company or
any of its Subsidiaries as a debtor-in-

 

 

possession or in any other capacity in any Insolvency Proceeding and to any receiver, trustee,
examiner, liquidator or similar official appointed for the Company, any of its Subsidiaries or any
of their assets.

                         (b) To the extent that the Secured Creditors receive payments on, or proceeds of, Collateral
which are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or
required to be repaid to a trustee, receiver or any other party under any Insolvency Proceeding,
then, to the extent of such payment or proceeds received, the Secured Obligations, or part thereof,
intended to be satisfied shall be revived (and this Agreement shall be revived if it has been
terminated) and continue in full force and effect as if such payments or proceeds had not been
received by such Secured Creditors.

                         (c) The Priority Secured Creditors may consent to the use of cash collateral by the Company
or any of its Subsidiaries on such terms and conditions and in such amounts as the Priority Secured
Creditors, in their sole discretion, may decide and, in connection with such cash collateral usage,
the Company or any of its Subsidiaries (or a trustee, receiver or any other party appointed for the
estate thereof) may grant to the Priority Secured Creditors replacement liens and security
interests upon any Assets, which liens and security interests shall be superior in priority to the
Junior Liens. All allocations of payments made with respect to Collateral between the Priority
Secured Creditors and the Junior Secured Creditors shall, subject to any court order, continue to
be made after the filing of any Insolvency Proceeding on the same basis that such payments were to
be allocated prior to the date of such filing. The Junior Secured Creditors will not object to or
oppose a sale or other disposition of any Collateral (or any portion thereof) free and clear of
security interests, liens or other claims of the Junior Secured Creditors in any Insolvency
Proceeding if the Priority Secured Creditors have consented to such sale or disposition thereof,
provided that such release by the Junior Secured Creditors and the Priority Secured Creditors shall
not affect the Liens they have in proceeds or other Collateral, provided, further, that such Lien
of the Junior Secured Creditors on proceeds shall not affect the rights of the Company and its
Subsidiaries to use such proceeds upon the terms and to the extent provided in the Priority Secured
Loan Documents and the Junior Secured Loan Documents, including without limitation the use thereof
to pay Priority Secured Obligations. The Junior Secured Creditors shall not assert any right they
may have to “adequate protection” of their interest or similar right in the Collateral in any
Insolvency Proceeding and shall not seek to have the automatic stay or similar order or rule lifted
with respect to such Collateral, without the prior written consent of the First Secured Creditors,
until the First Secured Obligations have been Paid in Full, and thereafter without the prior
written consent of the Second Secured Creditors, until the Second Secured Obligations have been
Paid in Full, and thereafter without the prior written consent of the Third Secured Creditors. The
Junior Secured Creditors waive any claim or objection it may now or hereafter have, arising in any
proceeding instituted under Chapter 11 of the United States Bankruptcy Code and involving the
Priority Secured Creditors or any of them as debtor in possession lenders, to any borrowing or
grant of a security interest under Section 364 of the United States Bankruptcy Code by the Company
or any of its Subsidiaries, as a debtor in possession, or any similar action under any other
Insolvency Proceeding. The Fourth Secured Creditors shall not initiate or prosecute or encourage
any other person to initiate or prosecute any claim, action or other proceeding (i) challenging the
enforceability of the First Secured Creditors’, Second Secured Creditors’ or Third Secured
Creditors’ claims with respect to the Collateral, (ii) challenging the enforceability of the First
Liens, Second Liens or Third Liens, or (iii) asserting any claims which the Company or any of its
Subsidiaries may hold with respect to the First Secured Creditors in their capacity as holders of
the First Liens, with respect to the Second Secured Creditors in their capacity as holders of the
Second Liens or with respect to the Third Secured Creditors in their capacity as holders of the
Third Liens, unless, in all of the foregoing cases, such enforceability is contrary to the terms of
this Agreement. The Third Secured Creditors shall not initiate or prosecute or encourage any other
person to initiate or prosecute any claim, action or other proceeding (i) challenging the
enforceability of the First Secured Creditors’, Second Secured Creditors’ or Fourth Secured
Creditors’ claims with respect to the Collateral, (ii) challenging the enforceability of the First
Liens, Second Liens or Fourth Liens, or (iii) asserting any claims which the Company or any of its
Subsidiaries may hold with respect to the First Secured Creditors in their capacity as holders of
the First Liens, with respect to the Second Secured Creditors in their capacity as holders of the
Second Liens or with respect to the Fourth Secured Creditors in their capacity as holders of the
Fourth Liens, unless, in all of the foregoing cases, such enforceability is contrary to the terms
of this Agreement. The Second Secured Creditors shall not initiate or prosecute or encourage any
other person to initiate or prosecute any claim, action or other proceeding (i) challenging the
enforceability of the First Secured Creditors’, Third Secured Creditors’ or Fourth Secured
Creditors’ claim with respect to the Collateral, (ii) challenging the enforceability of the First
Liens, the Third Liens or Fourth Liens, or (iii) asserting any claims which the Company or any of
its Subsidiaries may hold with respect to the First Secured Creditors in their capacity as holders
of the First Liens, the Third Secured Creditors with respect to the Third Liens or the Fourth
Secured Creditors with respect to the Fourth Liens, unless, in all of the foregoing cases, such
enforceability is contrary to the terms of this Agreement. The First Secured Creditors shall not
initiate or prosecute or encourage any other person to initiate or prosecute any claim, action or
other proceeding (i) challenging the enforceability of the Second Secured Creditors’, Third Secured
Creditors’ or Fourth Secured Creditors’ claim with respect to the Collateral, (ii) challenging the
enforceability of the Second Liens, the Third Liens or Fourth Liens, or (iii) asserting any claims
which the Company or any of its Subsidiaries may hold with respect to the Second Secured Creditors
in their capacity as holders of the Second Liens, the Third Secured Creditors with respect to the
Third Liens or the Fourth Secured Creditors with respect to the Fourth Liens, unless, in all of the
foregoing cases, such enforceability is contrary to the terms of this Agreement.

 

 

                                   6. Bailee for Perfection.

                                   (a) Each Secured Creditor agrees to hold the Pledged Collateral in its possession or control
(or in the possession or control of its agents or bailees) as bailee for the other Secured
Creditors and any assignee solely for the purpose of perfecting the security interest granted in
such Pledged Collateral pursuant to the applicable Secured Loan Documents, subject to the terms and
conditions of this Section.

                                   (b) Until Payment in Full of their Secured Obligations, only the Priority Secured Creditors
shall be entitled to deal with the Pledged Collateral in accordance with the terms of their Secured
Loan Documents as if the Lien of the Junior Secured Creditors under their Secured Loan Documents
did not exist. The rights of the Junior Secured Creditors shall at all times be subject to the
terms of this Agreement.

                                   (c) No Secured Creditor shall have any obligation whatsoever to any other Secured Creditor to
assure that the Pledged Collateral is genuine or owned by the Company or any of its Subsidiaries or
to preserve rights or benefits of any Person except as expressly set forth in this Section. The
duties or responsibilities of any Secured Creditor under this Section shall be limited solely to
holding the Pledged Collateral as bailee for the other Secured Creditors for purposes of perfecting
the Lien held by the other Secured Creditors.

                                   (d) No Secured Creditor shall have by reason of this Agreement or any other document any
fiduciary relationship in respect of any other Secured Creditor.

                                   (e) Once Payment in Full of the First Secured Obligations has occurred, the First Lien Agent
shall deliver to the Second Lien Agent the Pledged Collateral held by it together with any
necessary endorsements (without recourse or warranty) or as a court of competent jurisdiction may
otherwise direct. Once Payment in Full of the Second Secured Obligations has occurred, the Second
Lien Agent shall deliver to the CMP the Pledged Collateral held by it together with any necessary
endorsements (without recourse or warranty) or as a court of competent jurisdiction may otherwise
direct. Once Payment in Full of the Third Secured Obligations has occurred, CMP shall deliver to
CSCL the Pledged Collateral held by it together with any necessary endorsements (without recourse
or warranty) or as a court of competent jurisdiction may otherwise direct.

                                   7. Representations and Warranties. Each of the parties hereto represents and warrants
to the other as follows: (a) it has the corporate and other power and authority to execute, deliver
and perform this Agreement and has taken all necessary corporate and other action to authorize the
execution, delivery and performance by it of this Agreement; (b) no consent or authorization of, or
filing with, any person (including, without limitation, any governmental body, agency or official)
is required in connection with the execution, delivery or performance by it, or the validity or
enforceability against it, of this Agreement, and (c) this Agreement has been duly executed and
delivered by it and constitutes a legal, valid and binding obligation, enforceable against it in
accordance with its terms, except as may be limited by applicable bankruptcy, insolvency and
similar laws, rules or regulations affecting creditors’ rights generally and subject, as to
enforceability, to general principles of equity (regardless of whether enforcement is sought in a
proceeding in equity or at law).

                                   8. Continuing Agreement; Reinstatement. This Agreement shall constitute a continuing
agreement which shall remain in effect until all Priority Secured Obligations shall have been Pain
in Full, at which time this Agreement shall terminate. Each party to this Agreement agrees that
this Agreement shall continue to be effective or be reinstated, as the case may be, if at any time
any payment (in whole or in part) of any of the proceeds of an Collateral is rescinded or must
otherwise be restored by any party hereto, in any Insolvency Proceeding of the Company, the UK
Borrower, any other Borrower, any guarantor of any of the Secured Obligations or otherwise, as
though such payment had not been made.

                                   9. Integration and Severability. This Agreement embodies the entire agreement and
understanding among the parties hereto with respect to the subject matter hereof and supersedes all
prior agreements and understandings relating to the subject matter hereof. If there is any
conflict between the terms and provisions of this Agreement and the Secured Loan Documents, the
terms of this Agreement shall control. In case any one or more of the provisions of this Agreement
shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and
enforceability of the remaining provisions of this Agreement shall not in any way be affected or
impaired thereby, and such invalidity, illegality or unenforceability in one jurisdiction shall not
affect the validity, legality or enforceability of the other provisions of this Agreement in any
other jurisdiction.

                                   10. Successors and Assigns. This Agreement shall bind the Secured Creditors and their
respective successors and assigns, and shall inure to the benefit of their respective successors
and assigns, subject to the restrictions on transfers by the Junior Secured Creditors contained in
this Section 10. The Fourth Secured Creditors shall have the right at any time, subject to the
prior written consent of the First Lien Agent, which consent from the First Lien Agent shall not be
unreasonably withheld or delayed and shall not be required if such assignment is to an Affiliate of
the Fourth Secured Creditors, to sell, assign, transfer, or negotiate, or grant a participation in,
all or any part of the Fourth Secured Obligations and

 

 

the rights related thereto to one or more Persons; provided that CSCL shall at all times
retain and control at least 51% of the aggregate principal amount of the Fourth Secured Term Loan
and the rights related thereto; provided, further, that in all such cases any such sale,
assignment, transfer, negotiation or participation shall be subject to this Agreement and any such
purchaser, assignee, transferee, participant or other recipient shall automatically be subject to
the same obligations to which the Fourth Secured Creditors are subject hereunder (without releasing
the Junior Secured Creditors) and shall execute such agreements and documents in form and substance
satisfactory to the First Lien Agent assuming such obligations. Any provisions under the Third
Secured Loan Documents or Fourth Secured Loan Documents relating to obtaining the requisite
percentage of holders of the Third Secured Obligations or Fourth Secured Obligations, as the case
may be, to amend, waive or otherwise modify any provision of the Third Secured Loan Documents or
Fourth Secured Loan Documents or take any action under the Third Secured Loan Documents or Fourth
Secured Loan Documents shall not be amended, waived or otherwise modified, directly or indirectly,
without the prior written consent of the First Lien Agent. Any sale, assignment, transfer,
negotiation or participation of the Second Secured Obligations shall be subject to this Agreement
and any such purchaser, assignee, transferee, participant or other recipient shall automatically be
subject to the terms of this Agreement. Any sale, assignment, transfer, negotiation or
participation of the Third Secured Obligations shall be subject to this Agreement and any such
purchaser, assignee, transferee, participant or other recipient shall automatically be subject to
the terms of this Agreement (without releasing the Junior Secured Creditors) and shall execute such
agreements and documents in form and substance satisfactory to the First Lien Agent assuming such
obligations.

     11. Miscellaneous. No provision of this Agreement may be modified or waived except by
an instrument or instruments signed by each party hereto. This Agreement shall be governed by and
construed in accordance with the laws of the State of Michigan, without giving effect to the choice
of law principles of such State. All the understandings, agreements, representations and
warranties contained herein are solely for the benefit of the Secured Creditors and there are no
other parties who are intended to be benefited in any way whatsoever by this Agreement. The First
Secured Creditors, the Second Secured Creditors, the Third Secured Creditors and the Borrowers
acknowledge that CSCL’s obligations hereunder are entered into in its capacity as a lender under
the Fourth Secured Term Loan Agreement and not in any other capacity, including, without
limitation, as a stockholder of the Company. The First Secured Creditors, the Second Secured
Creditors, the Fourth Secured Creditors and the Borrowers acknowledge that CMP’s obligations
hereunder are entered into in its capacity as a lender under the Third Secured Term Loan Agreement
and not in any other capacity, including, without limitation, as a stockholder of the Company. All
parties hereto acknowledge and agree that this is an enforceable agreement to establish the
priorities of the Liens of the Secured Parties and other rights of the parties hereto, including
without limitation under UCC 9-339. This Agreement may be executed in any number of counterparts,
all of which taken together shall constitute one in the same instrument and any of the parties
hereto may execute this Agreement by signing any such counterpart and telecopied signatures shall
be enforceable as originals. The Third Secured Creditors agree to pay to First Lien Agent and the
Second Lien Agent on demand all expenses of every kind, including without limitation reasonable
attorney fees and expenses, that the First Lien Agent or the Second Lien Agent may incur in
enforcing any of their respective rights and the First Secured Creditors’ and Second Secured
Creditors’ rights under this Agreement if it is determined in a final non-appealable judgment by a
court of competent jurisdiction that such enforcement was due to a breach of this Agreement by the
Third Secured Creditors. The Fourth Secured Creditors agree to pay to First Lien Agent, the Second
Lien Agent and CMP on demand all expenses of every kind, including without limitation reasonable
attorney fees and expenses, that the First Lien Agent, the Second Lien Agent or CMP may incur in
enforcing any of their respective rights and the First Secured Creditors’, the Second Secured
Creditors’ and the Third Secured Creditors’ rights under this Agreement if it is determined in a
final non-appealable judgment by a court of competent jurisdiction that such enforcement was due to
a breach of this Agreement by the Fourth Secured Creditors. All parties hereto, and the parties to
the Consent and Agreement hereto, agree that all expenses of every kind, including without
limitation reasonable attorney fees and expenses, that the First Lien Agent may incur in enforcing
any of its rights and the First Secured Creditors’ rights under this Agreement if it is determined
in a final non-appealable judgment by a court of competent jurisdiction that such enforcement was
due to a breach of this Agreement by the Second Secured Creditors shall be added to the First
Secured Obligations (except to the extent such breach is determined in a final non-appealable
judgment by a court of competent jurisdiction to be a result of the Second Secured Creditor’s gross
negligence or willful misconduct, in which case the Second Secured Creditor shall be liable for
such expenses).

     12. Addresses for Notices. All demands, notices and other communications provided for
hereunder shall be in writing and mailed or sent by telecopy or delivered, addressed as follows:

If to the First Lien Agent or the First Secured Creditors:

Bank One , NA

611 Woodward Avenue

Detroit, Michigan 48226

Attention: Ric Huttenlocher

Telephone: (313) 225-2259

Facsimile: (313) 226-0855

 

 

With copies to:

Bank One , NA

50 South Main Street

Mail Code: OH2-5167

Akron, Ohio 44308

Attention: Roger F. Reeder

Telephone: (330) 972-1588

Facsimile: (330) 972-1456

If to the Second Lien Agent or the Second Secured Creditors:

BNY Midwest Trust Company

2 North LaSalle Street, Suite 1020

Chicago, Illinois 60602

Attention: Corporate Trust Division/MSX International, Inc.

Telephone: (312) 815-8500

Facsimile: (312) 815-8542

If to CMP:

c/o Citicorp Capital Investors, Ltd.

399 Park Avenue

14th Floor, Zone 4

New York, New York 10043

Attention: Byron Knief

Facsimile: 212-888-2940

With copies to:

Kirkland & Ellis LLP

Citigroup Center

153 East 53rd Street

New York, New York 10022-4675

Attention: J. Andrew Lindholm

Facsimile: 212-446-4900

If to CSCL:

Court Square Capital Limited

399 Park Avenue

14th Floor, Zone 4

New York, New York 10043

Attention: Michael Delaney

Facsimile: (212) 888-2940

With copies to:

Dechert LLP

4000 Bell Atlantic Tower

1717 Arch Street

Philadelphia, PA 19103

Attention: Craig L. Godshall and Sarah B. Gelb

Facsimile: (215) 994-2222

All such demands, notices and other communications shall be effective, when mailed, two business
days after deposit in the mails, postage prepaid, when sent by telecopy, when receipt is
acknowledged by the receiving telecopy equipment (or at the opening of the next business day if
receipt is after normal business hours), or when delivered, as the case may be, addressed as
aforesaid.

 

 

     WITNESS the due execution of this Agreement as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	COURT SQUARE CAPITAL LIMITED
	 
	 	 	 	 	 	 
	

	 	By:	 	 	 	 
	 	 	 	 	

	 
	 	 	 	 	 	 
	

	 	Title:	 	 	 	 
	 	 	 	 	

	 
	 	 	 	 	 	 
	 	 	CITICORP MEZZANINE III, L.P.
	 
	 	 	 	 	 	 
	

	 	By:	 	 	 	 
	 	 	 	 	

	 	 	 	 	its general partner
	 
	 	 	 	 	 	 
	

	 	 	 	By:	 	 
	

	 	 	 	 	 	

	 
	 	 	 	 	 	 
	

	 	 	 	Title:	 	 
	

	 	 	 	 	 	

	 
	 	 	 	 	 	 
	 	 	BNY MIDWEST TRUST COMPANY, as Second Lien Agent

and on behalf of the Second Secured Creditors
	 
	 	 	 	 	 	 
	

	 	By:	 	 	 	 
	 	 	 	 	

	 
	 	 	 	 	 	 
	

	 	Title:	 	 	 	 
	 	 	 	 	

	 
	 	 	 	 	 	 
	 	 	BANK ONE, NA, as First Lien Agent and

on behalf of the First Secured Creditors
	 
	 	 	 	 	 	 
	

	 	By:	 	 	 	 
	 	 	 	 	

	 
	 	 	 	 	 	 
	

	 	Title:	 	 	 	 
	 	 	 	 	

	 
	 	 	 	 	 	 

 

 

CONSENT AND AGREEMENT

     Each of the undersigned hereby consents to the provisions of the foregoing Intercreditor
Agreement and the transactions contemplated thereby and agrees to be bound by any terms or
provisions applicable to it. Without limiting the foregoing, each of the undersigned further
agrees (i) that any payments or distributions received by any party to the foregoing Intercreditor
Agreement which must be and are paid over to the other party thereto shall reduce the Secured
Obligations of the undersigned to the party to whom such payments and distributions must be and are
paid over to and shall not reduce the Secured Obligations of such party which must and does pay
over such payments or distributions, and (ii) to recognize all priorities and other rights granted
by the foregoing Agreement to the parties thereto, and to do no act nor perform any obligation
which is not in accordance with the priorities and agreements set forth in the foregoing
Intercreditor Agreement.

	 	 	 	 	 	 	 	 	 
	MSX International, Inc.	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 
	

	 	
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 	 	 
	

	 	
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	MSX International Netherlands B.V.	 	MSX International Australia Pty Ltd.
	 
	 	 	 	 	 	 	 	 
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	MSX International Limited	 	MSX International Holdings Limited
	 
	 	 	 	 	 	 	 	 
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	Title:

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	MSX International (Holdings), Inc.	 	MSX International Services (Holdings), Inc.
	 
	 	 	 	 	 	 	 	 
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	MSX International European (Holdings), L.L.C.	 	MSX International Business Services, Inc.
	 
	 	 	 	 	 	 	 	 
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	Creative Technology Services, L.L.C.	 	MSX International Engineering Services, Inc.
	 
	 	 	 	 	 	 	 	 
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	Pilot Computer Services, Incorporated	 	MegaTech Engineering, Inc.
	 
	 	 	 	 	 	 	 	 
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	MSX International Technology Services, Inc.	 	Chelsea Computer Consultants, Inc.
	 
	 	 	 	 	 	 	 	 
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	Millennium Computer Systems, Inc.	 	 	 	Management Resources International, Inc.
	 
	 	 	 	 	 	 	 	 
	By:

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	MSX International Platform Services, LLC	 	Intranational Computer Consultants
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 
	

	 	

	 	 	 	 	 	

	 
	 	 	 	 	 	 	 	 
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	Programming Management & Systems, Inc	 	 	 	MSX International Strategic Technology, Inc.
	 
	 	 	 	 	 	 	 	 
	By:

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	MSX International Netherlands (Holdings), C.V.	 	 	 	MSX International Dealernet Services, Inc.
	 
	 	 	 	 	 	 	 	 
	By:

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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]