Document:

exv10w2

Exhibit 10.2

EXECUTION VERSION

AMENDMENT NO. 6 TO REVOLVING DIP CREDIT AGREEMENT

     This AMENDMENT NO. 6, dated as of June 23, 2008 (this “Amendment”), is entered into by and
among DURA OPERATING CORP., a Delaware corporation, a debtor and debtor in possession under Chapter
11 of the Bankruptcy Code (the “Company”), DURA AUTOMOTIVE SYSTEMS, INC., a Delaware corporation, a
debtor and debtor in possession under Chapter 11 of the Bankruptcy Code (“Holdings”), certain
SUBSIDIARIES OF HOLDINGS AND COMPANY, each a debtor and debtor in possession under Chapter 11 of
the Bankruptcy Code, as Guarantors, the lenders from time to time party to the Revolving DIP Credit
Agreement (as defined below) (the “Lenders”), GENERAL ELECTRIC CAPITAL CORPORATION, as
Administrative Agent (together with its permitted successors in such capacity, the “Administrative
Agent”) and as Collateral Agent, and BARCLAYS CAPITAL, the investment banking division of Barclays
Bank PLC, as Joint Lead Arranger and Documentation Agent, and BANK OF AMERICA, N.A., as Issuing
Bank.

RECITALS:

     WHEREAS, the Company, Holdings, the Lenders, the Administrative Agent and the other parties
thereto have entered into that certain Senior Secured Super-Priority Debtor in Possession Revolving
Credit and Guaranty Agreement, dated as of November 30, 2006 (as amended hereby and as further
amended, modified or restated from time to time, the “Revolving DIP Credit Agreement”).
Capitalized terms used but not defined in this Amendment shall have the meanings that are set forth
in the Revolving DIP Credit Agreement; and

     WHEREAS, the Company desires to amend the Revolving DIP Credit Agreement as and to the extent
set forth herein; and

     WHEREAS, the Administrative Agent and the Lenders have agreed, subject to the limitations and
conditions set forth herein, to amend or otherwise modify the Revolving DIP Credit Agreement as set
forth herein.

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

SECTION 1. AMENDMENT. Section 6.1(l) of the Revolving DIP Credit Agreement is amended by deleting
the dollar figure “$20,000,000” and replacing it with “€74,000,000”.

SECTION 2. CONDITION PRECEDENT TO EFFECTIVENESS. The effectiveness of this Amendment is subject to
the satisfaction, or waiver, of the following condition:

     (a) the Administrative Agent shall have received this Amendment, duly executed by each of the
Credit Parties, the Administrative Agent and Requisite Lenders;

SECTION 3. MISCELLANEOUS

     (a) Binding Effect. 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.

 

 

     (b) Severability. In case any provision in or obligation hereunder shall be invalid,
illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the
remaining provisions or obligations, or of such provision or obligation in any other jurisdiction,
shall not in any way be affected or impaired thereby.

     (c) Reference to Revolving DIP Credit Agreement. On and after the Effective Date,
each reference in the Revolving DIP Credit Agreement to “this Agreement”, “hereunder”, “hereof”,
“herein” or words of like import referring to the Revolving DIP Credit Agreement, and each
reference in the other Credit Documents to the “Revolving DIP Credit Agreement”, “thereunder”,
“thereof” or words of like import referring to the Revolving DIP Credit Agreement shall mean and be
a reference to the Revolving DIP Credit Agreement as amended by this Amendment.

     (d) Effect on Credit Agreement. Except as specifically amended by this Amendment, the
Revolving DIP Credit Agreement and the other Credit Documents shall remain in full force and effect
and are hereby ratified and confirmed.

     (e) Execution. The execution, delivery and performance of this Amendment shall not,
except as expressly provided herein, constitute a waiver of any provision of, or operate as a
waiver of any right, power or remedy of any Agent or Lender under, the Revolving DIP Credit
Agreement or any of the other Credit Documents.

     (f) Headings. Section headings herein are included herein for convenience of
reference only and shall not constitute a part hereof for any other purpose or be given any
substantive effect.

     (g) APPLICABLE LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD REQUIRE THE
APPLICATION OF LAWS OTHER THAN THOSE OF THE STATE OF NEW YORK.

     (h) Counterparts; Telecopied Signatures. This Amendment may be executed in any number
of counterparts, each of which when so executed and delivered shall be deemed an original, but all
such counterparts together shall constitute but one and the same instrument. Any signature
delivered by a party by facsimile or other electronic transmission shall be deemed to be an
original signature hereto.

     (i) Credit Document. This Amendment is a Credit Document.

[The remainder of this page is intentionally left blank.]

2

 

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

DURA AUTOMOTIVE SYSTEMS, INC.

DURA OPERATING CORP.

DURA SPICEBRIGHT, INC.

ADWEST ELECTRONICS, INC.

ATWOOD AUTOMOTIVE, INC.

ATWOOD MOBILE PRODUCTS, INC.

CREATION GROUP HOLDINGS, INC

CREATION GROUP, INC.

CREATION GROUP TRANSPORTATION, INC.

CREATION WINDOWS, INC.

DURA AUTOMOTIVE SYSTEMS CABLE OPERATIONS, INC.

DURA AUTOMOTIVE SYSTEMS OF INDIANA, INC.

DURA GLOBAL TECHNOLOGIES, INC.

KEMBERLY, INC.

MARK I MOLDED PLASTICS OF TENNESSEE, INC.

SPEC-TEMP., INC.

UNIVERSAL TOOL & STAMPING COMPANY, INC.

	 	 	 	 	 	 	 
	 

	 	By: 	 
	 	 
	 

	 	Name:
	 
	 	 
	 

	 	Title:	 	 	 

[ SIGNATURE PAGE TO AMENDMENT No. 6]

 

 

	 	 	 	 	 	 	 
	 	 	DURA SHIFTER L.L.C.	 	 
	 
	 	 	 	 	 	 
	 	 	By: DURA OPERATING CORP.,	 	 
	 	 	Its: SOLE MEMBER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 
	 	 
	 

	 	Name:
	 
	 	 
	 

	 	Title:	 	 	 
	 
	 	 	 	 	 	 
	 	 	DURA AIRCRAFT OPERATING COMPANY, LLC	 	 
	 
	 	 	 	 	 	 
	 	 	By: DURA OPERATING CORP.,	 	 
	 	 	Its: SOLE MEMBER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 
	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 
	 

	 	Title:	 	 	 
	 
	 	 	 	 	 	 
	 	 	DURA BRAKE SYSTEMS, L.L.C.	 	 
	 
	 	 	 	 	 	 
	 	 	By: DURA OPERATING CORP.,	 	 
	 	 	Its: SOLE MEMBER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 
	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 
	 

	 	Title:	 	 	 
	 
	 	 	 	 	 	 
	 	 	DURA CABLES NORTH LLC	 	 
	 
	 	 	 	 	 	 
	 	 	By: ATWOOD AUTOMOTIVE, INC.,	 	 
	 	 	Its: SOLE MEMBER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 

[ SIGNATURE PAGE TO AMENDMENT No. 6]

 

 

	 	 	 	 	 	 	 
	 	 	DURA CABLES SOUTH LLC	 	 
	 
	 	 	 	 	 	 
	 	 	By: ATWOOD AUTOMOTIVE, INC.,	 	 
	 	 	Its: SOLE MEMBER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 
	 	 
	 

	 	Name:
	 
	 	 
	 

	 	Title:	 	 	 
	 
	 	 	 	 	 	 
	 	 	DURA FREMONT L.L.C.	 	 
	 	 	DURA GLADWIN L.L.C.	 	 
	 	 	DURA MANCELONA L.L.C.	 	 
	 	 	DURA SERVICES L.L.C.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 
	 	 
	 

	 	Name:
	 
	 	 
	 

	 	Title:	 	 	 
	 
	 	 	 	 	 	 
	 	 	CREATION WINDOWS, LLC	 	 
	 	 	KEMBERLY, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 
	 	 
	 

	 	Name:
	 
	 	 
	 

	 	Title:	 	 	 
	 
	 	 	 	 	 	 
	 	 	DURA G.P.	 	 
	 
	 	 	 	 	 	 
	 	 	By: DURA OPERATING CORP.,	 	 
	 	 	Its: MANAGING GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 

[ SIGNATURE PAGE TO AMENDMENT No. 6]

 

 

	 	 	 	 	 	 	 
	 	 	TRIDENT AUTOMOTIVE, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	By: TRIDENT AUTOMOTIVE LIMITED,	 	 
	 	 	Its: GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 

	 	By: 	 
	 	 
	 

	 	Name:
	 
	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	TRIDENT AUTOMOTIVE, L.L.C.	 	 
	 
	 	 	 	 	 	 
	 	 	By: TRIDENT AUTOMOTIVE CANADA, CO.,	 	 
	 	 	Its: MANAGING MEMBER	 	 
	 
	 	 	 	 	 	 
	 

	 	By: 	 
	 	 
	 

	 	Name:
	 
	 	 
	 

	 	Title:	 	 	 
	 
	 	 	 	 	 	 
	 	 	PATENT LICENSING CLEARINGHOUSE L.L.C.	 	 
	 
	 	 	 	 	 	 
	 	 	By: MARK I MOLDED PLASTICS OF TENNESSEE, INC.,	 	 
	 	 	Its: SOLE MEMBER	 	 
	 
	 	 	 	 	 	 
	 

	 	By: 	 
	 	 
	 

	 	Name:
	 
	 	 
	 

	 	Title:	 	 	 

[ SIGNATURE PAGE TO AMENDMENT No. 6]

 

 

	 	 	 	 	 
	 	GENERAL ELECTRIC CAPITAL CORPORATION, 

as Administrative Agent, Collateral Agent, and a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[ SIGNATURE PAGE TO AMENDMENT No. 6]

 

 

	 	 	 	 	 
	 	BARCLAYS BANK PLC, 

as a Lender under the Revolving DIP Credit Agreement

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

[ SIGNATURE PAGE TO AMENDMENT No. 6]

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	GE BUSINESS FINANCIAL SERVICES INC. 

as a Lender under the Revolving DIP Credit Agreement

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[ SIGNATURE PAGE TO AMENDMENT No. 6]

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., 

as a Lender under the Revolving DIP Credit Agreement

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[ SIGNATURE PAGE TO AMENDMENT No. 6]

 

 

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION 

as a Lender under the Revolving DIP Credit Agreement

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[ SIGNATURE PAGE TO AMENDMENT No. 6]exv10w3

 Exhibit 10.3

EXECUTION VERSION

WAIVER

          This
WAIVER dated as of June 20, 2008 (this “Waiver”), is entered into by and among DURA
OPERATING CORP., a Delaware corporation, a debtor and debtor in possession under Chapter 11 of the
Bankruptcy Code (the “Company”), DURA AUTOMOTIVE SYSTEMS, INC., a Delaware corporation, a debtor
and debtor in possession under Chapter 11 of the Bankruptcy Code (“Holdings”), certain SUBSIDIARIES
OF HOLDINGS AND COMPANY, each a debtor and debtor in possession under Chapter 11 of the Bankruptcy
Code, as Guarantors, the lenders from time to time party to the Revolving DIP Credit Agreement (as
defined below) (the “Lenders”), GENERAL ELECTRIC CAPITAL CORPORATION, as Administrative Agent
(together with its permitted successors in such capacity, the “Administrative Agent”) and as
Collateral Agent, and BARCLAYS CAPITAL, the investment banking division of Barclays Bank PLC, as
Joint Lead Arranger and Documentation Agent, and BANK OF AMERICA, N.A., as Issuing Bank.

RECITALS:

          WHEREAS, Company, Holdings, the Lenders, the Administrative Agent and the other parties
thereto have entered into that certain Senior Secured Super-Priority Debtor in Possession Revolving
Credit and Guaranty Agreement, dated as of November 30, 2006 (as modified hereby and as further
amended, modified or restated from time to time, the “Revolving DIP Credit Agreement”).
Capitalized terms used but not defined in this Waiver shall have the meanings that are set forth in
the Revolving DIP Credit Agreement; and

          WHEREAS, Company has requested that the Administrative Agent and Lenders waive the requirement
under Section 5.16(f) of the Revolving DIP Credit Agreement that the effective date of the New Plan
shall have occurred and the transactions contemplated as part of the New Plan shall have closed on
or before June 20, 2008; and

          WHEREAS, the Administrative Agent and the Lenders have agreed, subject to the limitations and
conditions set forth herein, to consent to such waiver as set forth herein.

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

SECTION 1. WAIVER

     1.1. The Administrative Agent and Lenders hereby waive the requirement under Section 5.16(f)
of the Revolving DIP Credit Agreement that the effective date of the New Plan shall have occurred
and the transactions contemplated as part of the New Plan shall have closed on or before June 20,
2008.

SECTION 2. CONDITIONS PRECEDENT TO EFFECTIVENESS

     2.1. Effectiveness of Waiver. The effectiveness of this Waiver is subject to the
Administrative Agent receiving this Waiver, duly executed by each of the Credit Parties, the
Administrative Agent and Requisite Lenders.

 

 

SECTION 3. MISCELLANEOUS

     3.1. Binding Effect. This Waiver 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.

     3.2. Severability. In case any provision in or obligation hereunder shall be invalid,
illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the
remaining provisions or obligations, or of such provision or obligation in any other jurisdiction,
shall not in any way be affected or impaired thereby.

     3.3. Reference to Revolving DIP Credit Agreement. On and after the date on which the
conditions in Section 2.1 hereof are satisfied, each reference in the Revolving DIP Credit
Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to
the Revolving DIP Credit Agreement, and each reference in the other Credit Documents to the
“Revolving DIP Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the
Revolving DIP Credit Agreement shall mean and be a reference to the Revolving DIP Credit Agreement
as modified by this Waiver.

     3.4. Effect on Revolving DIP Credit Agreement. Except as specifically modified by
this Waiver, the Revolving DIP Credit Agreement and the other Credit Documents shall remain in full
force and effect and are hereby ratified and confirmed.

     3.5. Execution. The execution, delivery and performance of this Waiver shall not,
except as expressly provided herein, constitute a waiver of any provision of, or operate as a
waiver of any right, power or remedy of any Agent or Lender under, the Revolving DIP Credit
Agreement or any of the other Credit Documents.

     3.6. Headings. Section headings herein are included herein for convenience of
reference only and shall not constitute a part hereof for any other purpose or be given any
substantive effect.

     3.7. APPLICABLE LAW. THIS WAIVER AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD REQUIRE THE
APPLICATION OF LAWS OTHER THAN THOSE OF THE STATE OF NEW YORK.

     3.8. Counterparts; Telecopied Signatures. This Waiver may be executed in any number
of counterparts, each of which when so executed and delivered shall be deemed an original, but all
such counterparts together shall constitute but one and the same instrument. Any signature
delivered by a party by facsimile or other electronic transmission shall be deemed to be an
original signature hereto.

     3.9. Credit Document. This Waiver is a Credit Document.

[The remainder of this page is intentionally left blank.]

2

 

          IN WITNESS WHEREOF, the parties hereto have caused this Waiver to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written
above.

	 	 	 	 	 
	 	DURA AUTOMOTIVE SYSTEMS, INC.

DURA OPERATING CORP.

DURA SPICEBRIGHT, INC.

ADWEST ELECTRONICS, INC.

ATWOOD AUTOMOTIVE, INC.

ATWOOD MOBILE PRODUCTS, INC.

CREATION GROUP HOLDINGS, INC

CREATION GROUP, INC.

CREATION GROUP TRANSPORTATION, INC.

CREATION WINDOWS, INC.

DURA AUTOMOTIVE SYSTEMS CABLE OPERATIONS, INC.

DURA AUTOMOTIVE SYSTEMS OF INDIANA, INC.

DURA GLOBAL TECHNOLOGIES, INC.

KEMBERLY, INC.

MARK I MOLDED PLASTICS OF
TENNESSEE, INC.

SPEC-TEMP., INC.

UNIVERSAL TOOL & STAMPING COMPANY, INC.

 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[SIGNATURE PAGE TO WAIVER]

 

 

	 	 	 	 	 
	 	DURA SHIFTER L.L.C.

By: DURA OPERATING CORP.,

Its: SOLE MEMBER

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

	 	 	 	 	 
	 	DURA AIRCRAFT OPERATING COMPANY, LLC

By: DURA OPERATING CORP.,

Its: SOLE MEMBER

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

	 	 	 	 	 
	 	DURA BRAKE SYSTEMS, L.L.C.

By: DURA OPERATING CORP.,

Its: SOLE MEMBER

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

	 	 	 	 	 
	 	DURA CABLES NORTH LLC

By: ATWOOD AUTOMOTIVE, INC.,

Its: SOLE MEMBER

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[SIGNATURE PAGE TO WAIVER]

 

 

	 	 	 	 	 
	 	DURA CABLES SOUTH LLC

By: ATWOOD AUTOMOTIVE, INC.,

Its: SOLE MEMBER

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

	 	 	 	 	 
	 	DURA FREMONT L.L.C.

DURA GLADWIN L.L.C.

DURA MANCELONA L.L.C.

DURA SERVICES L.L.C.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

	 	 	 	 	 
	 	CREATION WINDOWS, LLC

KEMBERLY, LLC

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

	 	 	 	 	 
	 	DURA G.P.

By: DURA OPERATING CORP.,

Its: MANAGING GENERAL PARTNER

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[SIGNATURE PAGE TO WAIVER]

 

 

	 	 	 	 	 
	 	TRIDENT AUTOMOTIVE, L.P.

By: TRIDENT AUTOMOTIVE LIMITED, Its: GENERAL PARTNER

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

	 	 	 	 	 
	 	TRIDENT AUTOMOTIVE, L.L.C.

By: TRIDENT AUTOMOTIVE CANADA, CO.,

Its: MANAGING MEMBER

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

	 	 	 	 	 
	 	PATENT LICENSING CLEARINGHOUSE L.L.C.

By: MARK I MOLDED PLASTICS OF TENNESSEE, INC.,

Its: SOLE MEMBER

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[SIGNATURE PAGE TO WAIVER]

 

 

	 	 	 	 	 
	 	GENERAL ELECTRIC CAPITAL CORPORATION,

as Administrative Agent, Collateral Agent, and a Lender

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[SIGNATURE PAGE TO WAIVER]

 

 

	 	 	 	 	 
	 	BARCLAYS BANK PLC,

as a Lender under the Revolving DIP Credit Agreement

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[SIGNATURE PAGE TO WAIVER]

 

 

	 	 	 	 	 
	 	GE BUSINESS FINANCIAL SERVICES INC.

as a Lender under the Revolving DIP Credit Agreement

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[SIGNATURE PAGE TO WAIVER]

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as a Lender under the Revolving DIP Credit Agreement

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[SIGNATURE PAGE TO WAIVER]

 

 

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION

as a Lender under the Revolving DIP Credit Agreement

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[SIGNATURE PAGE TO WAIVER]

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