Document:

Exhibit 10.12

SUBSIDIARY GUARANTEE AGREEMENT

                SUBSIDIARY GUARANTEE AGREEMENT, dated as of February 11, 2005, made by each direct and indirect subsidiary
(other than KINRO, INC., an Ohio corporation, and LIPPERT COMPONENTS, INC., a Delaware corporation
(the “Co-Issuers”)) of DREW INDUSTRIES INCORPORATED, a Delaware corporation (the “Parent”), listed on Schedule A hereof and each other Person which from time to time becomes a Guarantor pursuant to Section 4.07(b)
hereof (each a “Guarantor” and collectively the “Guarantors”) in favor of Prudential Investment Management, Inc. (“Prudential”) and each of the holders of Notes (as defined below) which may be issued pursuant to the Note
Agreement (as defined below) from time to time (Prudential and the holders of the Notes, together
with their respective successors and assigns, each being referred to herein as a “Noteholder” and collectively as the “Noteholders”).

                Reference is hereby made to that certain Note Purchase and Private Shelf Agreement, dated as of February
11, 2005 (as the same from time to time may be amended, restated, supplemented or otherwise modified,
the “Note Agreement”), by and among the Co-Issuers and the Parent, on the one hand, and Prudential and each of the
holders from time to time of the Notes, on the other hand, pursuant to which, subject to the terms
and conditions set forth therein, certain affiliates of Prudential are willing to consider, in their
sole discretion and within limits which may be authorized for purchase by them from time to time,
the purchase of senior secured promissory notes issued by the Co-Issuers in an aggregate principal
amount of up to $60,000,000 (the “Notes”). Terms used herein as defined terms and not otherwise defined herein shall have the meanings
given thereto in the Note Agreement. 

                Each Guarantor is a direct or indirect Subsidiary of the Parent. Each Guarantor acknowledges that the
issuance of the Notes by the Co-Issuers pursuant to the Note Agreement will benefit each such Guarantor
by making funds available to such Guarantor through the Co-Issuers and by enhancing the financial
strength of the consolidated group of which each Guarantor and the Co-Issuers are members. The execution
and delivery of this Agreement by each existing Subsidiary of the Co-Issuers is a condition precedent
to the execution and delivery by Prudential of the Note Agreement and the Co-Issuers have covenanted
in the Note Agreement that Subsidiary Joinders (as defined below) shall be duly executed by each
Additional Guarantor.

                NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration the
receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

                Section 1.01.    Definitions; Terms.  References to this “Agreement” shall be to this Subsidiary Guarantee Agreement as amended, supplemented, or otherwise modified
from time to time. The term “Obligations” shall mean, collectively, (a) the due and punctual payment of (i) the principal of, Yield-Maintenance
Amount or other premium, if any, and interest (including interest accruing during the pendency of
any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed
or allowable in such proceeding) on the Notes when and as due, whether at maturity, by acceleration,
upon one or more dates on which repayment or 

	

	
prepayment is required, or otherwise, and (ii) all other monetary obligations, including fees, costs,
expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including
monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or
other similar proceeding, regardless of whether allowed or allowable in such proceeding), of the
Co-Issuers to one or more of the Noteholders or the Security Trustee (collectively, the “Secured Parties”) under the Note Agreement or any of the other Transaction Documents, and (b) the due and punctual
performance of all covenants, agreements, obligations and liabilities of the Co-Issuers under or
pursuant to the Note Agreement and the other Transaction Documents. References to a “guarantor” shall include each Guarantor hereunder, the Company, and any other Person that is a guarantor
of any or all of the Obligations, and references to a “guarantee” shall include this Agreement, the Parent Guaranty and any other guarantee of any or all of the
Obligations by any other Person.

                Section
2.01.    Guarantee.

                                          (a)     The
Guarantors hereby, jointly and severally, unconditionally, absolutely, and irrevocably guarantee,
each as a primary obligor and not merely as a surety, the due and punctual payment and performance
in full of the Obligations, in each case strictly in accordance with the terms thereof. In furtherance
of the foregoing and not in limitation of any other right that any Secured Party may have at law
or in equity against any Guarantor by virtue hereof, the Guarantors jointly and severally agree that
upon failure of the Co-Issuers to pay any Obligations when and as the same shall become due, whether
at maturity, by acceleration, on one or more dates on which prepayment or repayment is required,
or otherwise, the Guarantors will, without any demand or notice whatsoever, forthwith pay or cause
to be paid to the Noteholders or the Security Trustee, as the case may be, in cash in immediately
available funds, an amount equal to the unpaid amount of such Obligations. Each Guarantor further
agrees that the Obligations guaranteed by it hereunder may be increased in amount, extended or renewed,
or otherwise amended or modified in any respect, including, without limitation, as to principal,
scheduled repayment, prepayment, interest, fees, indemnification, compensation, and in any other
respect whatsoever, in whole or in part, without notice or further assent from it, and that it will
remain bound upon this guarantee in respect of such Obligations as so increased, extended, renewed,
amended or modified. Payments by each Guarantor hereunder may be required on any number of occasions.

                                          (b)     Each
Guarantor waives presentation to, demand for payment from and protest to the Co-Issuers or any other
guarantor, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.
The obligations of each Guarantor hereunder shall not be affected by (i) the failure of any
Secured Party to assert any claim or demand or to enforce any right or remedy against any Credit
Party or any other Person under the provisions of any Transaction Document or any other agreement
or otherwise; (ii) any rescission, waiver, forbearance, compromise, acceleration, amendment
or modification of, or any release of any party from any of the terms or provisions of, this Agreement,
any other Transaction Document, any Obligation or any other guarantee or any security interest in
respect of the Obligations (including, without limitation, in respect of any other guarantor, or
any obligor in respect of the Obligations); (iii) any change in respect of any Credit Party,
including, without limitation, as a 

	

	
result of any merger, consolidation, dissolution, liquidation, recapitalization, or other change of
legal form or status, whether or not permitted under the Transaction Documents; (iv) the release,
exchange, waiver or foreclosure of any security held by any Secured Party for any Obligations or
the invalidity or nonperfection of any security interest securing the Obligations or the guarantee
hereunder, or any other defect of any kind pertaining to any Obligations or any guarantee or collateral
security in respect thereof; (v) the failure of any Secured Party to exercise any right or remedy
in respect of any collateral security for any Obligations or against any Credit Party, or against
any other guarantor of any Obligations; or (vi) the release or substitution of one or more of
the Co-Issuers or any guarantor; (vii) the failure of any Person to become a Guarantor hereunder,
whether or not required under the Note Agreement; or (viii) any other circumstance that might
otherwise, but for this specific agreement of each Guarantor to the contrary, result in a discharge
of or the exoneration of such Guarantor hereunder, it being the intent of the parties hereto that
the obligations of the Guarantors hereunder shall be absolute and unconditional under any and all circumstances.

                                          (c)     Each
Guarantor agrees that this guarantee constitutes a guarantee of performance and of payment when due
and not just of collection, that it is a primary obligation of such Guarantor, and that such Guarantor
waives any right to require that any resort be had by any Secured Party to any security held for
this guarantee or for payment of any Obligations, or to any balance of any deposit, account, or credit
on the books of any Secured Party in favor of any Credit Party, or to any other Person or property.
To the fullest extent permitted by law, each Guarantor hereby expressly waives any and all rights
or defenses arising by reason of (i) any “one action” or “anti-deficiency”
law that would otherwise prevent any Secured Party from bringing any action, including any claim
for a deficiency, or exercising any right or remedy (including any right of set-off) against such
Guarantor before or after the commencement or completion of any foreclosure action or sale of collateral,
whether judicially, by exercise of power of sale or otherwise, or (ii) any other law that in
any other way would otherwise require any election of remedies by any Secured Party.

                                          (d)     No
demand hereunder or enforcement hereof against any Guarantor shall require any demand or enforcement
against any other Credit Party.

                                          (e)     Each
Guarantor agrees that it shall not make any payment on or in respect of any guaranty securing any
amount owing under the Bank Credit Agreement unless concurrently therewith it shall make a payment
hereunder to the Secured Parties on the Obligations on a pari passu basis with respect to any such payment on or in respect of any such guaranty securing any amount owing
under the Bank Credit Agreement.

                Section
2.02.   No Impairment of Guarantee. The obligations of the Guarantors hereunder shall remain absolute and unconditional and shall not
be subject to any reduction, limitation, impairment or termination for any reason, including without
limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject
to any defense or set-off, counterclaim, recoupment or termination whatsoever, by reason of the invalidity,
illegality or unenforceability of the Obligations or of this guarantee (or any portion or provision
thereof or hereof) or otherwise. Without limiting the generality of the foregoing, each Guarantor 

	

	
specifically agrees that it shall not be discharged or exonerated, nor shall its obligations hereunder
be limited or otherwise affected by the failure of any Secured Party to exercise any right, remedy,
power, or privilege or to assert any claim or demand or to enforce any remedy under any Transaction
Document or applicable law, including, without limitation, any failure by any Secured Party to setoff
or release in whole or in part any balance of any deposit account or credit on its books in favor
of any Credit Party, or by any waiver, consent, extension, indulgence, modification, or other action
or inaction in respect of any thereof, or by any default, failure or delay, willful or otherwise,
in the performance of any Obligations, or by any other act or thing or omission or delay to do any
other act or thing, by any Person, that might in any manner or to any extent vary the risk of such
Guarantor or that might but for the specific provisions hereof to the contrary otherwise operate
as a discharge or exoneration of such Guarantor, unless and until the Obligations are fully, finally
and indefeasibly paid in cash.

                Section
2.03.   Security; Waiver.  Each of the Guarantors authorizes each of the other Secured Parties to (i) take and hold security
for the payment of this guarantee and/or the Obligations and exchange, enforce, waive and release
any such security, (ii) apply such security and direct the order or manner of sale thereof as the
Required Holders in their sole discretion may determine and (iii) release or substitute any one or
more endorsees, other guarantors or other obligors or any collateral. The Required Holders may, at
their election, foreclose on any security held by one or more of them by one or more judicial or
non-judicial sales, or exercise any other right or remedy available to them against the Co-Issuers
or any Guarantor, or any security, without affecting or impairing in any way the liability of the
Guarantors hereunder except to the extent that the Obligations have been fully, finally and indefeasibly
paid in cash. Each of the Guarantors waives any defense arising out of any such election even though
such election operates to impair or to extinguish any right of reimbursement or subrogation or other
right or remedy of such Guarantor against the Co-Issuers or any other Guarantor, as the case may be, or any security.

                Section
2.04.   Continuation and Reinstatement, etc.  The Guarantors jointly and severally agree that the guarantee hereunder shall continue to be
effective or shall be reinstated, as the case may be, if at any time payment, or any part thereof,
in respect of any Obligation is rescinded or must otherwise be restored by any Secured Party upon
the bankruptcy or reorganization of any Credit Party, or otherwise. 

                Section
2.05.   Subrogation.  The Guarantors jointly and severally agree that throughout the period referred to in clause (ii)
of Section 4.02(a) hereof no Guarantor shall (i) exercise, and each hereby waives, any rights
against the Co-Issuers and any other guarantor arising as a result of payment by such Guarantor hereunder,
by way of subrogation, reimbursement, restitution, contribution or otherwise, (ii) prove any
claim in competition with any Secured Party in respect of any payment hereunder in any bankruptcy,
insolvency or reorganization case or proceeding of any nature, or (iii) have any benefit of
or any right to participate in any collateral security that may be held by any Secured Party for
the Obligations.

                Section
2.06.   Subordination.  The payment of any amounts due with respect to any indebtedness of any Credit Party now or hereafter
owed to any Guarantor (including, without 

	

	
limitation, any such indebtedness arising by way of subrogation, reimbursement, restitution, contribution
or otherwise in respect of performance by such Guarantor hereunder) is hereby subordinated to the
prior full, final, and indefeasible payment in cash of all Obligations. If, notwithstanding the foregoing
sentence, any Guarantor shall collect, enforce or receive any amounts in respect of such indebtedness,
such amounts shall be collected, enforced and received by such Guarantor as trustee for the Secured
Parties and be paid over to the Security Trustee on account of and to be applied against the Obligations,
without affecting in any manner the liability of such Guarantor under the other provisions of this
Agreement.

                Section
2.07.   Remedies.  The Guarantors jointly and severally agree that, as between the Guarantors and the Secured Parties,
the obligations of the Co-Issuers under the Note Agreement may be declared to be forthwith due and
payable as provided in Paragraph 7A of the Note Agreement (and shall be deemed to have become automatically
due and payable in the circumstances provided in clause (viii), (ix) or (x) of said Paragraph 7A)
for purposes of the guarantee hereunder notwithstanding any stay, injunction or other prohibition
preventing such declaration (or such obligations from becoming automatically due and payable) as
against the Co-Issuers and that, in the event of such declaration (or such obligations’ being
deemed to have become automatically due and payable), such obligations (whether or not due and payable
by the Co-Issuers) shall forthwith become due and payable by the Guarantors for purposes hereof.

                Section
2.08.   Payment.  Each Guarantor hereby agrees that any Secured Party, at its sole option, in the event of a dispute
by such Guarantor in the payment of any moneys due hereunder, shall have the right to proceed under
New York CPLR Section 3213.

                Section
2.09.   Continuing Guarantee.  The guarantee hereunder is a continuing guarantee, and shall apply to all Obligations whenever arising.

                Section
2.10.   Rights of Contribution.  The Guarantors hereby agree, as among themselves, that if any Guarantor shall become an Excess Funding
Guarantor (as defined below) by reason of the payment by such Guarantor of any Obligations, each
other Guarantor shall, on demand of such Excess Funding Guarantor, pay to such Excess Funding Guarantor
an amount equal to such Guarantor’s Pro Rata Share (as defined below and determined, for this
purpose, without reference to the properties, debts and liabilities of such Excess Funding Guarantor)
of the Excess Payment (as defined below) in respect of such Obligations; provided, however, that
the payment obligation of a Guarantor to any Excess Funding Guarantor under this Section 2.10 shall
be subordinate and subject in right of payment to the Obligations in accordance with Section 2.06
hereof. For purposes of this Section 2.10, (i) “Excess Funding Guarantor” shall mean, in
respect of any Obligations, a Guarantor that has paid an amount in excess of its Pro Rata Share of
such Obligations, (ii) “Excess Payment” shall mean, in respect of any Obligations, the
amount paid by an Excess Funding Guarantor in excess of its Pro Rata Share of such Obligations and
(iii) “Pro Rata Share” shall mean, for any Guarantor, the fraction the numerator of which
is (x) the amount by which the aggregate fair saleable value of all properties of such Guarantor
(excluding any shares of stock of any other Guarantor) exceeds the amount of all the debts and liabilities
of such Guarantor (including contingent, subordinated, unmatured and unliquidated liabilities, but
excluding the obligations of such Guarantor hereunder and any obligations of any other 

	

	
Guarantor that have been guaranteed by such Guarantor) and the denominator of which is (y) the amount
by which the aggregate fair saleable value of all properties of all of the Guarantors exceeds the
amount of all the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated
liabilities, but excluding the obligations of the Guarantors hereunder) of all the Guarantors, determined
(A) with respect to any Guarantor that is a party hereto on the date hereof, as of the date hereof,
and (B) with respect to any other Guarantor, as of the date such Guarantor becomes a Guarantor.

                Section
2.11.   General Limitation on Guarantee.  In any action or proceeding involving any state corporate law, or any state or Federal bankruptcy,
insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations
of any Guarantor under Section 2.01 hereof would otherwise, taking into account the provisions of
Section 2.10 hereof, be held or determined to be void, invalid or unenforceable, or subordinated
to the claims of any other creditors, on account of the amount of its liability under said Section
2.01, then, notwithstanding any other provision hereof to the contrary, the amount of such liability
shall, without any further action by such Guarantor, any Secured Party, or any other Person, be automatically
limited and reduced to the highest amount that is valid and enforceable and not subordinated to the
claims of other creditors as determined in such action or proceeding.

                Section
2.12.   Other Guarantors.  This Agreement shall remain the unconditional, absolute, and irrevocable obligation of each Guarantor
signatory hereto regardless of whether any other Person (i) becomes a party hereto obligated as a
Guarantor hereunder or otherwise as a guarantor in respect of the Obligations (whether or not the
Note Agreement requires that such Person be or become a Guarantor) or (ii) fails to become or ceases
to be a party hereto or otherwise fails to become or ceases to be a Guarantor of the Obligations
(whether or not the Note Agreement requires that such Person be or become a Guarantor).

                Section
2.13.   Information.  Each Guarantor assumes all responsibility for being and keeping itself informed of the financial
condition and assets of the Co-Issuers, and of all other circumstances bearing upon the risk of nonpayment
of the Obligations and the nature, scope and extent of the risks that such Guarantor assumes and
incurs hereunder, and agrees that no Secured Party has or will have any duty to advise any of the
Guarantors of information regarding such circumstances or risks.

                Section
3.01.   Representation and Warranties   Each Guarantor represents and warrants that all representations and warranties relating to it
in the Note Agreement are true and correct.

                Section
4.01.   Amendment; Waiver.  No amendment or waiver of any provision of this Agreement, nor consent to any departure by any Guarantor
therefrom, shall in any event be effective unless the same shall be in writing and signed by the
Required Holders. Any such waiver, consent or approval shall be effective only in the specific instance
and for the purpose for which given. No notice to or demand on any Guarantor in any case shall entitle
any Guarantor to any other or further notice or demand in the same, similar or other circumstances.
No waiver by any Secured Party of any breach or default of or by any Guarantor under this Agreement
shall be deemed a waiver of any other previous breach or default or any thereafter occurring.

	

	
                Section
4.02.     Survival; Severability. 

                                          (a)     All
covenants, agreements, representations and warranties made by the Guarantors herein and in the certificates
or other instruments prepared or delivered in connection with or pursuant to this Agreement or any
other Transaction Document (i) shall be considered to have been relied upon by the Secured Parties
and shall survive the making by the Co-Issuers of the Notes, and the execution and delivery of the
Notes to the Noteholders, regardless of any investigation made by the Secured Parties or on their
behalf, and (ii) shall continue in full force and effect as long as any of the Obligations is outstanding
and unpaid and as long as the Facility has not been terminated. 

                                          (b)     Any
provision of this Agreement that is illegal, invalid or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such illegality, invalidity or unenforceability
without invalidating the remaining provisions hereof or affecting the legality, validity or enforceability
of such provisions in any other jurisdiction. The parties hereto agree to negotiate in good faith
to replace any illegal, invalid or unenforceable provision of this Agreement with a legal, valid
and enforceable provision that, to the extent possible, will preserve the economic bargain of this
Agreement, or to otherwise amend this Agreement to achieve such result.

                Section
4.03.   Successors and Assigns.  Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed
to include the successors and assigns of such party; and all covenants, promises and agreements by
or on behalf of any Credit Party that are contained in this Agreement shall bind and inure to the
benefit of each party hereto and their respective successors and assigns. No Credit Party may assign
or transfer any of its rights or obligations hereunder except as expressly contemplated by this Agreement
or the other Transaction Documents (and any such attempted assignment shall be void).

                Section
4.04.   GOVERNING LAW.  THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW
YORK, EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAWS OF SUCH STATE THAT WOULD REQUIRE THE APPLICATION
OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE.

                Section
4.05.   Headings;.  The Article and Section headings in this Agreement are for convenience only and shall not affect
the construction hereof.

                Section
4.06.   Notices.   Notices, consents and other communications provided for herein shall (except as otherwise expressly
permitted herein) be in writing and given as provided in Paragraph 12I of the Note Agreement. Communications
and notices to any Guarantor shall be given to it at its address set forth in Schedule B hereto.

                Section
4.07.   Counterparts;  Additional Guarantors.  (a)  This Agreement may be executed in separate counterparts (a telecopy of any executed counterpart
having the same effect 

	

	
as manual delivery thereof), each of which shall constitute an original, but all of which, when taken
together, shall constitute but one Agreement.

                                (b)     The
initial Guarantors hereunder shall be such Subsidiaries of the Parent as are signatories on the date
hereof. From time to time subsequent to the date hereof, additional Persons may become parties hereto
as additional Guarantors (each an “Additional Guarantor”) in accordance with Paragraph 5K of the Note Agreement, by executing a Subsidiary Joinder in
the form of Attachment I hereto. Upon delivery of any such executed counterpart, notice of which is hereby waived by the Guarantors,
each such Additional Guarantor shall be a Guarantor under this Agreement with the same force and
effect, and subject to the same agreements, representations, guarantees, indemnities, liabilities
and obligations as if such Additional Guarantor were an original signatory hereof. Each Guarantor
expressly agrees that its obligations arising hereunder shall not be affected or diminished by the
addition or release of any other Guarantor hereunder, nor by any election of the Noteholders not
to cause any Person otherwise obligated to become a Guarantor hereunder pursuant to the terms of
the Note Agreement to become an Additional Guarantor hereunder. This Agreement shall be fully effective
as to any Guarantor that is or becomes a party hereto regardless of whether any other Person becomes
or fails to become or ceases to be a Guarantor hereunder. The execution of a Subsidiary Joinder to
this Agreement by any Person shall not require the consent of any other Guarantor and all of the
obligations of each Guarantor under this Agreement shall remain in full force and effect notwithstanding
the addition of any Additional Guarantor to this Agreement.

                Section
4.08.   Right of Setoff.   Each Guarantor hereby agrees that if an Event of Default shall have occurred and be continuing,
each Noteholder and each of its Affiliates is hereby authorized at any time and from time to time,
to the fullest extent permitted by law, to set off and apply any and all deposits (general or special,
time or demand, provisional or final) at any time held and other obligations at any time owing by
such Noteholder or Affiliate to or for the credit or the account of any Guarantor against any of
and all the obligations of such Guarantor now or hereafter existing under this Agreement or any other
Transaction Document held by such Noteholder, irrespective of whether or not such Noteholder shall
have made any demand under this Agreement or such other Transaction Document and although such obligations
may be unmatured. The rights of each Noteholder under this Section are in addition to other rights
and remedies (including other rights of setoff) that such Noteholder may have.

                Section
4.09.   Jurisdiction; Consent to Service of Process.

                                          (a)     Each
Guarantor hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive
jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the
United States District Court of the Southern District of New York, and any appellate court from any
thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition
or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally
agrees that all claims in respect of any such action or proceeding may be heard and determined in
such New York State or, to the extent permitted by law, in such Federal court. Each of the parties
hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may
be enforced in other jurisdictions by 

	

	
suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect
any right that any Secured Party may otherwise have to bring any action or proceeding relating to
this Agreement against any Guarantor or its properties in the courts of any jurisdiction.

                                          (b)     Each
Guarantor hereby irrevocably and unconditionally waives, to the fullest extent it may legally and
effectively do so, any objection which it may now or hereafter have to the laying of venue of any
suit, action or proceeding arising out of or relating to this Agreement in any court referred to
in the preceding paragraph. Each of the parties hereto hereby irrevocably waives, to the fullest
extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or
proceeding in any such court.

                                          (c)     Each
party to this Agreement irrevocably consents to service of process in the manner provided for notices
in Section 4.06. Nothing in this Agreement will affect the right of any party to this Agreement to
serve process in any other manner permitted by law.

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

[BALANCE OF PAGE INTENTIONALLY LEFT BLANK.]

	

	
                IN WITNESS WHEREOF, the parties hereto have caused this Subsidiary Guarantee Agreement to be duly executed
and delivered by their respective officers or representatives as of the day and year first above
written.

	 
	 

	 	LIPPERT TIRE & AXLE, INC.
	  	  
	  	  
	 	By: /s/ Fredric M. Zinn
		      —————————————— 
	 	      Name: Fredric M. Zinn
		      Title:   Vice President
	 	 
	 	 
	 	KINRO HOLDING, INC.
	  	  
	 	 
	 	By: /s/ Fredric M. Zinn
		      ——————————————
	 	      Name: Fredric M. Zinn
		      Title:   Chief Financial Officer
	 	 
	 	 
	 	LIPPERT TIRE & AXLE HOLDING, INC.
	 	 
	 	 
	 	By: /s/ Fredric M. Zinn
		      ——————————————
	 	      Name: Fredric M. Zinn
		      Title:   Chief Financial Officer
	 	 
	 	 
	 	LIPPERT COMPONENTS HOLDING, INC.
	 	 
	 	 
	 	By: /s/ Fredric M. Zinn
		      ——————————————
	 	      Name: Fredric M. Zinn
		      Title:   Chief Financial Officer
	   	 
	  	 
	 	KINRO MANUFACTURING, INC.
	 	 
	 	 
	 	By: /s/ Fredric M. Zinn
		      ——————————————
	 	      Name: Fredric M. Zinn
		      Title:   Vice President

	

	 	LIPPERT COMPONENTS MANUFACTURING, INC.
	 	 
	 	 
	 	By: /s/ Fredric M. Zinn
		      ——————————————
	 	      Name: Fredric M. Zinn
		      Title:   Vice President
	 	 
	 	 
	 	KINRO TEXAS LIMITED PARTNERSHIP
	 	 
	 	  
		        By:  KINRO MANUFACTURING, INC., 
		                its general partner
	 	 
	 	 
		                By: /s/ Fredric M. Zinn
		                      ——————————————
		                      Name: Fredric M. Zinn
		                      Title:   Vice President
	 	 
	 	 
		KINRO TENNESSEE LIMITED PARTNERSHIP
	  	  
	  	  
		        By:  KINRO MANUFACTURING, INC.,
		                 its general partner
	 	 
	 	 
		                By: /s/ Fredric M. Zinn
		                      ——————————————
		                      Name: Fredric M. Zinn
		                      Title:   Vice President
	 	 
	 	 
		LIPPERT TIRE & AXLE TEXAS LIMITED 

    PARTNERSHIP
	 	 
	 	 
		        By:  LIPPERT COMPONENTS MANUFACTURING, 

                    INC., its general partner
	 	 
	 	 
		                By: /s/ Fredric M. Zinn
		                      ——————————————
		                       Name: Fredric M. Zinn
		                       Title:   Vice President

	

	 	LIPPERT COMPONENTS TEXAS LIMITED

    PARTNERSHIP
	 	 
	 	 
	 	        By:  LIPPERT COMPONENTS MANUFACTURING, 

                   INC., its general partner
	 	 
	 	 
	 	                By: /s/ Fredric M. Zinn
	 	                      ——————————————
	 	                      Name: Fredric M. Zinn
	 	                      Title:   Vice President
	 	 
	 	 
	 	BBD REALTY TEXAS LIMITED PARTNERSHIP
	 	 
	 	 
	 	        By:  KINRO MANUFACTURING, INC.,
	 	                its general partner
	 	 
	 	 
	 	                By: /s/ Fredric M. Zinn
	 	                      ——————————————
	 	                      Name: Fredric M. Zinn
	 	                      Title:   Vice President
	 	 
	 	 

	 	LD REALTY, INC.
		 
	 	By: /s/ Fredric M. Zinn
		      ——————————————
	 	      Name: Fredric M. Zinn
		      Title:   Vice President
	 	 
	 	 
	 	LTM MANUFACTURING, L.L.C.
	 	 
	 	 
	 	By: /s/ Fredric M. Zinn
		      ——————————————
	 	      Name: Fredric M. Zinn
		      Title:   Vice President
	 	 
	 	 
	 	COIL CLIP, INC.
		 
	 	By: /s/ Fredric M. Zinn
		      ——————————————
	 	      Name: Fredric M. Zinn
		      Title:   Vice President

	

	 	ZIEMAN MANUFACTURING COMPANY
	 	 
	 	 
	 	By: /s/ Fredric M. Zinn
		      ——————————————
	 	      Name: Fredric M. Zinn
		      Title:   Vice PresidentExhibit 10.13

Execution Version

INTERCREDITOR AGREEMENT

                                INTERCREDITOR AGREEMENT, made this 11th day of February, 2005, by and among:

                                PRUDENTIAL INVESTMENT MANAGEMENT, INC., having an office at c/o Prudential Capital Group, 1114 Avenue of the Americas, 30th Floor, New York, New York 10036 (“Prudential”) and each Prudential Affiliate (as hereinafter defined) that hereafter purchases any Senior
Notes (as hereinafter defined) and has executed a joinder hereto in accordance with Section 12(e)
hereof (together with Prudential, their respective successors and assigns that execute a joinder
hereto and future holders from time to time of the Senior Notes , collectively, the “Holders”) (provided, however that any such Prudential Affiliate shall in any event be deemed for the
purposes hereof to have executed such joinder upon becoming such a holder and shall be subject to
and entitled to the benefits of the terms hereof); 

                                JPMORGAN CHASE BANK, N.A., in its capacity as a lender under the Credit Agreement (as hereinafter defined),
having an office at 106 Corporate Park Drive, White Plains, New York 10604, Attention: Florence Reap,
KEYBANK, NATIONAL ASSOCIATION, having an office at 711 Westchester Avenue, White Plains, New York
10604, HSBC BANK USA, NATIONAL ASSOCIATION, having an office at 250 North Aveneu, 2nd Floor, New
Rochelle, NY 10801, Attn: Robert H. Rogers, Jr., and each other financial institution which from
time to time may become a lender under the Credit Agreement (as hereinafter defined) and has executed
a joinder hereto in accordance with Section 12(e) hereof (collectively, together with their respective
successors and assigns that execute a joinder hereto, the “Lenders”) (provided, however that any such financial institution shall in any event be deemed for the
purposes hereof to have executed such joinder upon becoming such a lender and shall be subject to
and entitled to the benefits of the terms hereof); and

JPMORGAN CHASE BANK, N.A. having an office at JPMorgan Chase Bank, N.A., 4 New York Plaza, 15th Floor,
New York, New York 10004, Attn: Institutional Trust Services, (i) in its capacity as administrative
agent for each of the Lenders (in such capacity, together with its successors and assigns in such
capacity, the “Administrative Agent”), (ii) in its capacity as collateral agent (in such capacity, together with its successors and
assigns in such capacity, the “Collateral Agent”) for the benefit of the Secured Parties (as defined in the Credit Agreement referred to below)
and (iii) in its capacity as security trustee for the benefit of the Holders (in such capacity, together
with its successors and assigns in such capacity, the “Trustee”; the Trustee and the Collateral Agent are hereinafter collectively referred to as the “Creditors”).

WITNESSETH

                                WHEREAS:

                                A.             Kinro, Inc., an Ohio corporation (“Kinro”), and Lippert Components, Inc., a Delaware corporation (“Lippert Components” and together with Kinro, collectively, the 

	

	
“Borrowers”), have entered into an Amended and Restated Credit Agreement, dated as of February 11, 2005
(the “Credit Agreement”), with the Lenders and the Administrative Agent, pursuant to which the Lenders have agreed to
make loans and issue letters of credit to the Borrowers in an aggregate principal amount not to exceed
$60,000,000 (subject, however, to further increase in an amount of up to $30,000,000 pursuant to
Section 2.06A of the Credit Agreement) (the outstanding loans and the amount drawn under the letters
of credit and not reimbursed are hereinafter referred to collectively as the “Loans”);

                                B.             The Borrowers’ parent, Drew Industries Incorporated (“Drew”), and certain subsidiaries of Drew and the Borrowers (collectively, the “Subsidiary Guarantors”) have agreed to jointly and severally guarantee the obligations of the Borrowers under the Credit
Agreement;

                                C.             All of the indebtedness, liabilities and obligations of the Borrowers under the Credit Agreement and
the other Loan Documents (as defined in the Credit Agreement) and of Drew and the Subsidiary Guarantors
under each of the Loan Documents to which they are parties, whether now existing or hereafter arising
(“Lender Indebtedness”), is secured by the grant by each of Drew, the Borrowers, Kinro Holding, Inc., Lippert Components
Holding, Inc., Lippert Tire & Axle Holding, Inc., and Lippert Tire & Axle, Inc. (collectively,
the “Pledgors”) to the Collateral Agent, for the ratable benefit of the Secured Parties, of liens on and security
interests in all of the capital stock, partnership interests, membership interests and other equity
ownership interests in each of its Subsidiaries owned by it and all proceeds thereof (all such collateral
is more specifically described on Exhibit A hereto and is hereinafter referred to as the “Common Collateral”);

                                D.            Pursuant to a Note Purchase and Private Shelf Agreement, dated as of February 11, 2005 (the “Note Purchase Agreement”), by and among Drew and the Borrowers, on the one hand, and Prudential and each of the holders
from time to time of the Senior Notes, on the other hand, certain affiliates of Prudential (collectively,
the “Prudential Affiliates”) may, in their sole discretion and within limits which may be prescribed for purchase by Prudential
and the Prudential Affiliates from time to time, purchase senior secured promissory notes issued
by the Borrowers in an aggregate principal amount of up to $60,000,000 (the “Senior Notes”), upon the terms and subject to the conditions set forth therein;

                                E.             Drew and certain of the Subsidiary Guarantors have agreed to jointly and severally guarantee the obligations
of the Borrowers under the Note Purchase Agreement and the Senior Notes;

                                F.              All of the indebtedness, liabilities and obligations (including, without limitation, any Yield-Maintenance
Amount (as defined in the Note Purchase Agreement)) of the Borrowers to the Holders and the Trustee
under the Note Purchase Agreement, the Senior Notes and the other Transaction Documents (as defined
in the Note Purchase Agreement) and of Drew and the Subsidiary Guarantors under each of the Transaction
Documents to which they are parties, whether now existing or hereafter arising (the “Senior Note Obligations”), are or will be secured by the grant by each of the Pledgors to the Trustee, for the ratable
benefit of the Holders, of liens on and security interests in the Common Collateral; and

                                G.            The parties desire to confirm, as among themselves, their relative rights and priorities with respect
to the Common Collateral.

	

2

	
                                NOW, THEREFORE, in consideration for the mutual covenants set forth herein and intending to be legally
bound hereby the parties hereto agree as follows:

	 

	                                 1                Priorities Regarding Common Collateral.

	 
	
                                Notwithstanding anything to the contrary contained in or arising from any note, agreement, instrument
or document now or hereafter executed and delivered by the Lenders, the Administrative Agent, the
Collateral Agent, the Trustee, the Holders or the Pledgors in connection with any of the Credit Agreement,
the Loans, the Lender Indebtedness, the Senior Note Obligations, the Note Purchase Agreement or the
Senior Notes, including, without limitation, the terms and conditions of any promissory note, security
agreement or pledge agreements executed and delivered by the Pledgors to the Lenders, the Administrative
Agent, the Collateral Agent, the Trustee or the Holders, or any instrument or document executed and
delivered in connection therewith, or otherwise, and irrespective of (a) the time, order or method
of any attachment, perfection, filing or recording of any security interest in, or lien upon, the
Common Collateral, including, without limitation, any prior perfection of a security interest or
lien by the Lenders, the Collateral Agent or the Administrative Agent or the existence of any present
or future filing of financing statements under the Uniform Commercial Code or other filings or recordings
under any other law of any jurisdictions which is applicable or in which such filing or recording
has been made, or (b) the provisions of the Uniform Commercial Code or any other law of any jurisdiction
which is applicable:

                                (a)            the priorities of the liens and security interests of the Collateral Agent and the Trustee in the
Common Collateral shall rank first and equal to each other, and shall be senior and prior to any
other liens and security interests in the Common Collateral; and

                                (b)            Until (i) payment in full in cash of all of the Lender Indebtedness (and the termination of the Revolving
Credit Commitments (as defined in the Credit Agreement) and the LC Exposure (as defined in the Credit
Agreement) being zero) or (ii) payment in full in cash of all of the Senior Note Obligations (and
the termination of the Facility (as defined in the Note Purchase Agreement)), whichever of (i) or
(ii) shall occur first, all of the Common Collateral shall be held for the mutual benefit of the
Collateral Agent, for the benefit of the Secured Parties, and the Trustee, for the benefit of the
Holders, and all of the proceeds of the Common Collateral (including, without limitation, any net
proceeds received by any Creditor in connection with any sale, exchange, foreclosure or other disposition
of the Common Collateral) shall be allocated to the Collateral Agent and the Trustee and applied
against the Lender Indebtedness and the Senior Note Obligations on a pro rata basis based upon the
aggregate principal amount of the then outstanding Loans and the aggregate principal amount of the
then outstanding indebtedness evidenced by the Senior Notes (such proportionate allocation is
hereafter referred to as the “Pro Rata Allocation”). The Trustee shall then allocate such proceeds to the Holders on a pro rata basis based upon
the aggregate principal amount of outstanding Senior Notes held by the Holders.

	 

	                                 2                Provisions Relating to Bankruptcy of Pledgors and Subsidiaries; 
	                                                   Foreclosure on Common Collateral and Set-Offs.

	 
	
                                (a)            In the event of (i) any insolvency, bankruptcy, receivership, liquidation, reorganization, assignment
for the benefit of creditors or other similar proceeding relative to any of 

	

3

	
the Pledgors or any of their respective Subsidiaries (as defined in the Note Purchase Agreement and
the Credit Agreement), whether voluntary or involuntary, under any law now or hereafter in effect
(ii) any proceeding for the voluntary liquidation, dissolution or other winding-up of any of the
Pledgors or any of their respective Subsidiaries and whether or not involving insolvency or bankruptcy
proceedings, or (iii) any foreclosure on or other similar action with respect to all or any portion
of the Common Collateral, then, and in any such event, any payment or other distribution of any character,
whether in cash, securities or other property out of or in respect of the Common Collateral or any
proceeds thereof shall be shared by the Collateral Agent, for the benefit of the Secured Parties,
and the Trustee, for the benefit of the Holders, and applied against the Lender Indebtedness and
the Senior Note Obligations in accordance with the Pro Rata Allocation. This Agreement shall continue
in full force and effect notwithstanding the commencement of any action, event or proceeding described
in clauses (i) or (ii) of the preceding sentence.

                                (b)            If either of the Creditors shall have received any payment or distribution out of any of the assets
of the Pledgors or their respective Subsidiaries constituting a part of the Common Collateral, whether
arising out of or as a result of any event described in subparagraph (a) above or otherwise, such
Creditor shall hold such payment or distribution in trust as trustee of an express trust, for the
benefit of itself and the other Creditor, shall not commingle such payment or distribution with its
other assets, and shall promptly take all action necessary to cause such payment or distribution
to be distributed (i) first, to the payment or reimbursement of any expenses and fees of the Creditors hereunder or under any
Loan Document (as defined in the Credit Agreement) or Transaction Document (as defined in the Note
Purchase Agreement), whether such amounts are payable to indemnify the Creditors, to pay the fees
of the Creditors, to reimburse the Creditors for any expenses incurred in connection with the maintenance,
protection, enforcement, sale or realization of any of the Common Collateral or otherwise, and (ii) second, in accordance with the Pro Rata Allocation as provided in subparagraph (a) above.

                                (c)            If any amounts received by any Creditor and distributed pursuant to Section 1 or 2(a) above subsequently
are required to be repaid by one or more, but less than all, of the Secured Parties or the Holders
which received such distribution to a trustee, receiver or any other party under any bankruptcy law,
state, provincial or Federal law, common law or in equity, then each other Secured Party and Holder
which received a distribution but was not required to repay the same shall, upon receipt of written
notice from any such Secured Party or Holder which was required to repay such amount, pay to such
party (or parties) a pro rata share of the distribution received by it and necessary to result in
the aggregate amount not repaid being distributed in the manner contemplated by Section 1 or Section
2(a) above, as applicable.

	 

	                                 3                Additional Provisions Regarding Common Collateral.

	 
	
                                The Trustee hereby appoints the Collateral Agent as its agent to perfect by possession, as the bailee
of the Trustee, its lien in any of the Collateral which is perfectible by possession and that is,
at any time, delivered to and in the possession of the Collateral Agent, subject always to the terms
of this Agreement, and the Collateral Agent hereby accepts such appointment. If either of the Creditors
shall, at any time have possession or control of any of the Common Collateral, such Creditor shall
hold or control such Common Collateral for the benefit of itself and the other Creditor, in accordance
with the Pro Rata Allocation, for so long as each Creditor shall have a security interest therein.
Upon (i) payment or other satisfaction in full of all 

	

4

	
the Lender Indebtedness (and the termination of the Revolving Credit Commitments and the LC Exposure
being zero), or (ii) payment or other satisfaction in full of all the Senior Note Obligations (and
the termination of the Facility), as the case may be, the Creditor acting on behalf of the holders
of the obligations that were paid in full (and who were obligated in respect of the Revolving Credit
Commitments (or the Letters of Credit (as defined in the Credit Agreement)) or the Facility, as the
case may be) shall assign and deliver to the other Creditor, as directed in writing by such other
creditor, without representation, warranty or recourse of any kind, all such Common Collateral then
in the possession of such Creditor, and in so doing, such Creditor shall thereupon be discharged
from further responsibility with respect thereto.

	 

	                                 4                Injunctive Relief.

	 
	
                                Each party hereto acknowledges that the breach by it of any of the provisions of this Agreement is
likely to cause irreparable damage to the other parties. Therefore, the relief to which any party
shall be entitled in the event of any such breach or threatened breach shall include, but not be
limited to, a mandatory injunction for specific performance, judicial relief to prevent a violation
of any of the provisions of this Agreement, damages and any other relief to which it may be entitled
at law or in equity.

	 

	                                 5                No Rights for Third Parties.

	 
	
                                This Agreement is intended to establish the relative priorities among the Creditors, the Administrative
Agent, the Lenders and the Holders and their respective successors and assigns and shall not be deemed
to create any rights or priorities in any other person or entity including, without limitation, the
Pledgors.

	 

	                                 6                Uniform Commercial Code .

	 
	
                                Except as otherwise provided herein, the respective rights and priorities of the Creditors shall be
governed by the Uniform Commercial Code as enacted in the State of New York or other applicable law.

	 

	                                 7                Notices.

	 
	
                                All notices, requests, consents and other communications required or permitted hereunder shall be in
writing and shall be delivered by hand or recognized overnight courier or mailed by first class registered
or certified mail, postage prepaid, to the parties hereto at their respective addresses set forth
in the heading of this Agreement or in the Joinder Agreement pursuant to which any such person or
entity became a party hereto, or to such other address as shall have been designated by notice duly
given hereunder, and shall be effective upon receipt.

	 

	                                 8                Amendment.

	 
	
                                Neither this Agreement nor any term hereof may be amended, waived, discharged or terminated except
by a writing signed by all of the parties hereto.

	 

	                                 9               Notice of Disposition and Removal of, or Resignation of Collateral Agent or 
	                                                  Trustee.

	

5

	
                                (a)            The Administrative Agent and/or the Collateral Agent, on behalf of the Lenders, agrees to give Prudential
and the Trustee, on behalf of the Holders, prompt written notice of the declaration of any default
under the Credit Agreement or any of the other Loan Documents together with a copy of any notice
given to the Borrowers or any of their respective Subsidiaries, relating to such default; provided,
however, that the failure to give such notice shall not prejudice the rights of the Administrative
Agent, the Collateral Agent or the Lenders.

                                (b)            The Trustee, on behalf of Holders, agrees to give the Administrative Agent and the Collateral Agent,
on behalf of the Lenders, prompt written notice of the declaration or decision by any of the Holders
to act with respect to any default under the Note Purchase Agreement or the Senior Notes, together
with a copy of any notice given to the Borrowers relating to such default; provided, however, that
the failure to give such notice shall not prejudice the rights of the Trustee or the Holders.

                                (c)            The Holders and the Lenders will give each other prior written notice of the removal or resignation
of the Collateral Agent or the Trustee (as appropriate).

                                (d)            Neither the Collateral Agent nor the Trustee can be removed unless consented to (i) in the case of
the Collateral Agent, by persons holding at least 66 2/3% of the aggregate amount of
outstanding Lender Indebtedness, and (ii) in the case of the Trustee, by the Required Holders (as
defined in the Note Purchase Agreement). Neither the Collateral Agent nor the Trustee may be removed
unless the other such Creditor shall be simultaneously removed.

	 

	                                 10             Amendment of Credit Documents; Assignment of Security Interest.

	 
	
                                Prior to (i) the payment in full of the Lender Indebtedness and the termination of the Revolving Credit
Commitments (and the LC Exposure being zero), or (ii) the payment in full of the Senior Note Obligations
and the termination of the Facility, and notwithstanding anything to the contrary contained in the
Credit Agreement, the other Loan Documents, the Note Purchase Agreement, the Senior Notes or the
other Transaction Documents, 

                                (a)            the Administrative Agent, the Collateral Agent and the Lenders shall not, without the prior written
consent of the Required Holders, do any of the following:

                                                (i)            Amend,
modify or supplement or agree to any amendment, modification or supplement of, or to, the Credit
Agreement or any of the Loan Documents, except as otherwise permitted by the Note Purchase Agreement;
or

                                                (ii)           Sell,
transfer, pledge, assign, grant a security interest in, or otherwise dispose of or encumber its interest
as a secured party with respect to, the Common Collateral, except for (aa) such assignments or transfers
to affiliates, and (bb) assignments and participations permitted under the Credit Agreement.

                                (b)            The Trustee and the Holders shall not, without the prior written consent of the Required Lenders (as
defined in the Credit Agreement), do any of the following:

                                                (i)            Amend,
modify or supplement or agree to any amendment, modification or supplement of, or to, the Senior
Notes, the Note Purchase Agreement or the other 

	

6

	
Transaction Documents, except as otherwise permitted by the Credit Agreement.

                                                (ii)           Sell,
transfer, pledge, assign, grant a security interest in, or otherwise dispose of or encumber its interest
as a secured party with respect to, the Common Collateral except for (x) such assignments or transfers
to affiliates, and (y) transfers permitted under the Note Purchase Agreement.

                                (c)            Notwithstanding subparagraphs (a) and (b) above, 

                                                (i)            without
the written consent of the Collateral Agent, the Trustee and each of the parties hereto (A) no amendment
shall be made to any provision of any Security Document (as hereinafter defined) that narrows the
description of the Common Collateral or modifies in any way the description of the obligations secured
by the Common Collateral (provided, however, that the consent of the Collateral Agent and the Trustee
shall not be required for increases or decreases in the amount of the Revolving Credit Commitments
or the Facility), and (B) there shall be no release of any security interest or lien on any of the
Common Collateral; and

                                                (ii)           any
amendment made to any of the Security Documents that changes the responsibilities of the Collateral
Agent and/or the Trustee shall require the prior written consent of the Collateral Agent and/or the
Trustee (as applicable).

	 

	                                 11             Action by Creditors.

	 
	
                                Prior to the payment in full of the Lender Indebtedness and the termination of the Revolving Credit
Commitments (and the LC Exposure being zero) or the payment in full of the Senior Note Obligations
and the termination of the Facility and notwithstanding anything to the contrary contained in the
Credit Agreement, the other Loan Documents, the Note Purchase Agreement, the Senior Notes or the
other Transaction Documents, neither of the Creditors may take any action with respect to the Common
Collateral or enforce or exercise any rights, powers or remedies under any security agreements, pledge
agreements or any other documents, instruments or agreements relating to the Common Collateral to
which it is a party (the “Security Documents”), or under applicable law (in respect of the Common Collateral), upon the occurrence of any
event of default under and as defined in the Credit Agreement or the Note Purchase Agreement or any
event which, with the passage of time, or giving of notice, or both, would constitute such an event
of default unless instructed to do so in writing by Lenders holding at least 66 2/3%
of the aggregate amount outstanding at such time of Lender Indebtedness and by Holders holding at
least 66 2/3% of the aggregate amount outstanding at such time of the Senior Note Obligations
(collectively, the “Requisite Holders”). Upon receipt by either Creditor of written instructions from the Requisite Holders, such Creditor
shall, subject to the provisions of Section 2.2(e) of the Trust Agreement (as defined in the Note
Purchase Agreement) and Article VIII of the Credit Agreement, make such demands and give such notices
under the Security Documents as may be set forth in such instructions, and take such actions to enforce
the Security Documents and to foreclose upon, collect and dispose of the Common Collateral or any
portion thereof as it may be directed to take pursuant to such instructions; provided that neither
the Collateral Agent nor the Trustee shall be required to take any such action that is, in its opinion,
contrary to law or the terms of this Agreement or any Security Document.

	

7

	                                 12             Miscellaneous.

	 
	
                                (a)            If either of the Creditors shall receive any monies on account of the Common Collateral and the receipt
thereof at such time is inconsistent with the provisions of Sections 1 and 2 of this Agreement, then
such Creditor will hold the monies in trust as trustee of an express trust for the benefit of the
other Creditor, shall not commingle such monies with any of its properties or assets, and shall promptly
remit such monies to the other Creditor as may be necessary in order to cause such monies to be shared
in accordance with the Pro Rata Allocation as provided in Section 1 or Section 2 hereof, as applicable. 

                                (b)            If either of the Creditors or any Secured Party or any Holder shall obtain or negotiate to obtain
any additional document confirming, perfecting or otherwise affecting any of the security interests
or liens on the Common Collateral, it shall;

                                                (i)            promptly
notify the other Creditor that such document has been obtained or that it is negotiating to obtain
such document; and

                                                (ii)           at
the request and direction of the Lenders or the Holders, execute any documents presented to such
Creditor to reflect the relative rights and priorities of the parties hereto (in accordance with
Sections 1 and 2(a) hereof) with respect to the Common Collateral covered by such document.

                                (c)            If any of the Common Collateral or any of the proceeds thereof shall come into the possession of any
Secured Party or any Holder and the receipt thereof at such time is inconsistent with the provisions
of Sections 1 and 2 (a) of this Agreement, the recipient thereof shall hold such proceeds in trust
as trustee of an express trust for the benefit of the Creditors and the other Secured Parties and
Holders, shall not commingle such monies with any of its properties or assets, and shall promptly
deliver such Common Collateral or proceeds to the Collateral Agent (in the event such Common Collateral
or proceeds are received by a Secured Party) or the Trustee (in the event such Common Collateral
or proceeds are received by a Holder), as the case may be, to be allocated in accordance with the
Pro Rata Allocation as provided by Section 1 or Section 2(a) hereof, as applicable.

                                (d)            To the extent there is any conflict or inconsistency between the terms of this Agreement and any of
the Credit Agreement, the Loan Documents, the Note Purchase Agreement, the Senior Notes or the Transaction
Documents, or any document executed, delivered or issued pursuant thereto, with respect to the relative
rights and priorities of the parties with respect to the Common Collateral, the terms of this Agreement
shall control.

                                (e)            All the terms of this Agreement shall be binding upon and inure to the benefit of and be enforceable
by the respective successors and assigns of the parties hereto, whether so expressed or not. None
of the parties hereto shall assign or transfer any interest in the Credit Agreement, the Loans, the
other Loan Documents, the Note Purchase Agreement, the Senior Notes or the other Transaction Documents
to any third party unless such assignee or transferee shall have executed and delivered to each of
the other parties hereto, prior to the date of such assignment or transfer, a joinder hereto substantially
in the form attached hereto as Exhibit B (the “Joinder Agreement”), pursuant to which the assignee or transferee agrees to be bound by this 

	

8

	
Agreement.  In addition, Prudential shall cause any Prudential Affiliate that becomes an initial
holder of Senior Notes (if such Prudential Affiliate is not already a party to this Agreement) to
execute and deliver a Joinder Agreement concurrent with such Prudential Affiliate’s becoming
a holder of Senior Notes.

                                (f)             The headings in this Agreement are for purposes of reference only, and shall not limit or otherwise
affect any of the terms hereof.

                                (g)            This Agreement sets forth the entire agreement of the parties hereto with respect to the subject matter
hereof and supersedes all prior agreements, written or oral, relating thereto.

                                (h)            THIS AGREEMENT AND ALL RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO HEREUNDER SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO CONFLICTS
OF LAW RULES.

                                (i)              Nothing contained in this Agreement is intended to or shall affect or limit, in any way, the rights
that each of the parties hereto have with respect to third parties. The parties hereto specifically
reserve all of their respective rights against the Pledgors and all other third parties.

                                (j)             Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement shall be prohibited by or
invalid under applicable law, such provision shall be ineffective to the extent of such prohibition
or invalidity, without invalidating the remainder of such provision or the remaining provisions of
this Agreement.

                                (k)            Each of the parties hereto agrees to execute and deliver, upon the request of any other, such documents
and instruments (appropriate for filing, if requested) as may be necessary or appropriate to fully
implement or to fully evidence the understanding and agreements contained in this Agreement. Prior
to executing any document or instrument pursuant to this Section 12(k), the Collateral Agent or the
Trustee, as the case may be, shall be entitled to receive and shall be fully protected in relying
upon a written certification from the party requesting such action certifying that the execution
and delivery of such document or instrument is authorized or permitted hereunder and under the Trust
Agreement (as defined in the Note Purchase Agreement) and the Loan Documents, and that all conditions
precedent in all such documents have been satisfied.

                                (l)              This Agreement may be executed simultaneously in two or more counterparts, each of which shall be
deemed an original. Delivery of an executed counterpart by facsimile shall be deemed to be effective
as an original.

                                (m)           Promptly upon receipt by the Collateral Agent or the Trustee of any written notice or other written
communication relating to the taking of any enforcement action with respect to the Common Collateral,
the release of any of the Common Collateral, the valuation or change in valuation of any of the Common
Collateral or any other material written notice or communication from any Secured Party or any Holder
regarding the Common Collateral, such Creditor shall 

	

9

	
forward such notice or communication to (i) if received by the Collateral Agent, Prudential and the
Trustee, on behalf of the Holders, and (ii) if received by the Trustee, to the Administrative Agent
and the Collateral Agent, on behalf of the Lenders; provided, however, that the failure of the Collateral
Agent or the Trustee so to forward any such notice or communication shall not give rise to a cause
of action against it unless such failure is the result of the gross negligence or willful misconduct
of the Collateral Agent or the Trustee, as the case may be; and provided, further, that neither Creditor
shall be required to forward any notice or communication to any other person or entity that is also
an addressee or recipient of such notice or communication.

                                (n)            This Agreement is entered into solely for the purposes set forth herein, and, except as is expressly
provided otherwise herein, none of the Secured Parties, the Holders or the Creditors assumes any
responsibility to any other party hereto to advise such other parties of information known to such
party regarding the financial condition of any Pledgor or regarding the Common Collateral or of any
other circumstances bearing upon the risk of non-payment of the Lender Indebtedness or the Senior
Note Obligations. Each Secured Party and each Holder shall be separately responsible for managing
its relationship with the Pledgors and no Secured Party or Holder shall be deemed the agent of any
other party for any purpose. This Agreement shall not be construed to be, or to create, any partnership,
joint venture or other joint enterprise among the Secured Parties and the Holders or between or among
the Secured Parties, the Holders and the Creditors.

                                (o)           For purposes of this Agreement
and the agreements contemplated hereby, neither the Trustee or the Collateral Agent shall be deemed
to have knowledge or possession of any information or document that is in the possession of JPMorgan
Chase Bank, N.A. as a lender or in any other capacity unless such information is furnished directly
to the Trustee or the Collateral Agent, as the case may be, in writing at the address and in
the manner specifically required for notice to the Trustee or the Collateral Agent, as the case may
be, by the terms hereof or of any other agreement to which the Trustee or the Collateral Agent, as
the case may be, is a party.

	

10

	
Exhibit 10.13

                                IN WITNESS WHEREOF, each of the parties hereto has executed this Agreement on the day and year first
above written.

	 

	 	 
	 	JPMORGAN CHASE BANK, N.A.
	 	as Lender and Administrative Agent 
	                 	           
	         	            
	 	By: /s/ Florence M. Reap
	 	       ———————————————————— 
	 	       Name: Florence M. Reap
	 	       Title:   Vice President
	          	          
	         	           
	 	JPMORGAN CHASE BANK, N.A.
	 	as Trustee and Collateral Agent
	           	              
	            	            
	 	By: /s/ Larry O’Brien
	 	       ———————————————————— 
	 	      Name: Larry O’Brien      
	 	      Title:   Vice President
	              	           
	             	            
	 	PRUDENTIAL INVESTMENT MANAGEMENT, INC.
	                     	            
	            	         
	 	By: /s/ Christopher Carey
	 	       ———————————————————— 
	 	      Name: Christopher Carey
	 	      Title:   Vice President
	                  	              
	                 	             
	 	KEYBANK, NATIONAL ASSOCIATION
	                  	               
	                 	            
	 	By: /s/ Thomas J. Purcell

	 	       ———————————————————— 
	 	       Name: Thomas J. Purcell
	 	       Title:   Senior Vice President
	            	                     
	                  	               
	 	HSBC BANK USA, NATIONAL ASSOCIATION
	                      	                 
	                    	                     
	 	By: /s/ Robert H. Rogers
	 	       ———————————————————— 
	 	      Name: Robert H. Rogers
	 	      Title:   First Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]