Document:

Amended and Restated Employment Agreement, Howard G. Ervin

 Exhibit 10.3 
 [CERUS LETTERHEAD] 
 December 22, 2008 
 Howard Ervin 
 [Home address omitted] 
 Dear Howard: 
 As we discussed, this amended and restated letter agreement (the “Agreement”) sets forth the terms and conditions of your
continued employment with Cerus Corporation (“Cerus” or the “Company”) as Vice President, Legal Affairs. This Agreement supersedes and replaces the letter agreement dated May 28, 1999, which shall have no further force or
effect. 
 As Vice President, Legal Affairs, you report directly to Claes Glassell, President and Chief Executive Officer of Cerus and you have
responsibilities including, but not limited to, those listed on the attached Schedule 1. You work at our facility located in Concord. Of course, Cerus may change your responsibilities and duties and your work location from time to time as it deems
necessary, provided that the responsibilities and duties are consistent with the position of Vice President, Legal Affairs and the work location is within the counties of Alameda, Contra Costa or San Francisco. 
 Your annual base salary is currently $311,531, less standard payroll deductions and withholdings and paid semi-monthly in accordance with the Company’s normal
payroll schedule. In addition, you are eligible for the standard Cerus employee benefit plan which includes employer subsidized medical, dental and vision premiums, long term disability, life insurance, a 401(k) plan, and Employee Stock Purchase
Plan. The Employee Stock Purchase Plan gives employees an opportunity to obtain an equity position in Cerus Corporation at a favorable price. You should also note that Cerus may modify salaries and benefits from time to time as it deems necessary.
You are eligible for 20 days of vacation per year. Finally, you are eligible to participate in Bonus Plan for Senior Management of Cerus (the “Bonus Plan”). Annual bonuses are not guaranteed and such bonuses, if any, are awarded at the
sole discretion of the Board based on its assessment of your performance and the Company’s performance with respect to corporate and personal objectives. As provided in the Bonus Plan, you must remain employed through the date the bonus is paid
in order to earn and be eligible to receive a bonus; no pro rata or partial bonuses will be provided. The Board shall have the sole discretion to change or eliminate the annual bonus program at any time, and to determine the amount of bonus earned,
if any. 
 As a Cerus employee you are expected to abide by company rules and regulations. You are specifically required to sign an acknowledgment that you
have read and understand the company rules of conduct included in the Cerus Employee Handbook. You are 
  

 
expected to sign and comply with a proprietary information and nondisclosure agreement that requires, among other provisions, the assignment of patent rights
to any invention made during your employment at Cerus and nondisclosure of proprietary information. Such agreements will not preclude you from providing occasional legal or business advice to third parties, so long as the interests of such third
parties in no way conflict with the interests of Cerus and such activity does not interfere with the performance of you responsibilities and duties to Cerus. Normal working hours are from 8 a.m. to 5 p.m., Monday through Friday. 
 In addition to any equity awards you have previously received, you shall be eligible to receive additional equity awards under the Company’s 2008 Equity Incentive
Plan and various equity incentive and bonus programs that may be approved from time to time by the Board in its sole discretion. 
 As an employee you may
terminate employment at any time and for any reason whatsoever with notice to Cerus. We request that, in the event of resignation, you give the company at least two weeks notice. Similarly, Cerus may terminate your employment at any time and for any
reason whatsoever, with or without cause (involuntary termination). In the event your employment is terminated by the Company without “Cause” (as defined on Schedule 2) or by you as a “Good Reason Resignation” (and in either case
other than as a result of your death or disability), and provided your termination constitutes a “separation from service” (as defined under Treasury Regulation Section 1.409A-1(h)) (any such qualifying termination, a “Covered
Termination”), and subject to your execution of a fully effective release of claims, Cerus agrees to provide you with a cash severance payment in an aggregate amount equal to nine months of your base salary. See Schedule 2 for the additional
terms and conditions of this severance package. A “Good Reason Resignation” means your resignation from all positions you then-hold with the Company following any of the following changes that is not consented to by you in writing:
(a) material reduction in your base salary, (b) a material adverse change in your job responsibilities in a manner inconsistent with the position of Vice President, Legal Affairs, (c) a material adverse change in your job location
including relocation to a location to outside of the counties stated above or (d) a material adverse change in your line of reporting, including requiring you to report to an officer other than the Chief Executive Officer or Chief Operating
Officer of the Company. Notwithstanding the foregoing, a “Good Reason Resignation” shall only occur if: (a) you notify the Company in writing, within sixty (60) days after the occurrence of one of the foregoing events, specifying
the event(s) constituting “good reason” and that you intend to terminate your employment no earlier than thirty (30) days after providing such notice; (b) the Company does not cure such condition within thirty (30) days
following its receipt of such notice or states unequivocally in writing that it does not intend to attempt to cure such condition; and (c) you resign from employment within thirty (30) days following the end of the period within which the
Company was entitled to remedy the condition constituting “good reason” but failed to do so. 
 If a Covered Termination occurs immediately prior
to, on or within 12 months following a “change of control” (as defined below), and subject to your execution of a fully effective release of claims, then in addition to the severance provided above, any stock 

 
options held by you shall, as of the date of the Covered Termination will immediately vest and become exercisable. As used in this agreement, “change of
control” means (x) the sale by Cerus of all or substantially all of its assets, or (y) any merger, consolidation or other transaction (or series of related transactions) where the stockholders of Cerus immediately prior to such
transaction(s) do not have the collective ability, immediately following such transaction(s), to elect a majority of the directors of Cerus or the surviving corporation, as the case may be. 
 It is intended that each installment of the severance payments and benefits provided under this Agreement (the “Severance Benefits”) is a separate
“payment” for purposes Section 1.409A-2(b)(2)(i) of the Treasury Regulations. For the avoidance of doubt, it is intended that payments of the Severance Benefits satisfy, to the greatest extent possible, the exemptions from the
application of Section 409A of the Code and the Treasury Regulations and other guidance thereunder and any state law of similar effect (collectively “Section 409A”) provided under Sections 1.409A-1(b)(4), 1.409A-1(b)(5) and
1.409A-1(b)(9) of the Treasury Regulations. However, if the Company determines that the Severance Benefits constitute “deferred compensation” under Section 409A and you are, on your separation from service, a “specified
employee” of the Company (as such term is defined in Section 409A(a)(2)(B)(i) of the Code) then, solely to the extent necessary to avoid the incurrence of the adverse personal tax consequences under Section 409A, the timing of the
payment of the Severance Benefits shall be delayed so that on the earlier to occur of: (i) the date that is six months and one day after your separation from service and (ii) the date of your death (such applicable date, the
“Specified Employee Initial Payment Date”), the Company shall (A) pay to you a lump sum amount equal to the sum of the Severance Benefits that you would otherwise have received through the Specified Employee Initial Payment Date if
the commencement of the payment of the Severance Benefits had not been so delayed pursuant to this paragraph and (B) commence paying the balance of the Severance Benefits in accordance with the applicable payment schedules set forth in this
Agreement. 
 This Agreement, including the Schedules attached hereto, form the entire agreement between the Company and you on these subjects and supersede
all our prior written and oral communication with you, including but not limited to the May 28, 1999 letter agreement and can only be modified by written agreement signed by you and Cerus. 
 Please sign and date this letter, and return it to me by December 22, 2008. We look forward to your favorable reply and to a productive and exciting work
relationship. 
 Sincerely, 
 /s/ Claes Glassell 
 Claes Glassell 
 President and Chief Executive Officer 
  

					
	Approved and Accepted	 	 /s/ Howard Ervin
	 	Date December 22, 2008
		 	Howard Ervin	 	

 Schedule 1 
 Responsibilities of Vice President, Legal Affairs 
 Contract Management 
 Business Negotiations 
 Strategic Planning and Guidance 
  

	•	 	 organization, partnerships, growth, positioning, new opportunities 

 Leadership and Mentoring 
  

	•	 	 play an active leadership role in organization 

 Trademark and Tradename Development 
  

	•	 	 registration, maintenance and prosecution 

 Public
Relations Team Member 
  

	•	 	 develop and implement plan to communicate to customers, regulators, patients, payors, hospital administrators 

 Investor Relations 
  

	•	 	 monitor for legal compliance 

 Corporate
Communications Team Member 
  

	•	 	 press releases, annual report, fact sheets 

 Intellectual Property 
  

	•	 	 provide oversight to patent and other intellectual property activity 

 Management of External Legal Support 
  

	•	 	 usage, billing and payment, disputes 

 Market
Intelligence 
  

	•	 	 monitor activities of competitors and industry trends 

 Schedule 2 
 Cerus Corporation 
 Severance Pay Agreement 
 Effective on December 22, 2008, I, Howard Ervin, hereby agree to the following terms and conditions with respect to the payment of severance to me
by Cerus Corporation (“Cerus” or the “Company”) upon a Covered Termination (all capitalized terms not defined herein have the meaning set forth in the letter to me dated December 22, 2008): 
  

	1.	In the event I suffer a Covered Termination, and subject to my delivery to the Company of an executed release and waiver of claims in the form as the Company may require (the
“Release”), within the time period set forth therein, but in no event later than forty-five days following my termination, and permitting such Release to become effective in accordance with its terms, then I will receive the following
severance benefits, as my sole severance benefits (collectively, the “Severance Benefits”): 

  

	 	a.	nine (9) months of my base salary in effect as of the termination date (ignoring, however, any reduction in my base salary that forms the basis for my Resignation for Good
Reason, as applicable), less required deductions and withholdings, paid in the form of salary continuation on the Company’s standard payroll dates following termination; provided, however, no such payments will be made prior to the effective
date of the Release, and on the first regular payroll date following the effective date of the Release, the Company will pay me in a lump sum the amount of the salary continuation I would have otherwise received on and prior to such date but for the
delay due to the Release, with the balance paid thereafter on the original schedule. 

  

	2.	In the event that I suffer a Covered Termination immediately prior to, on or within 12 months following a “change of control” (as defined above), and subject to my
delivery to the Company of an executed Release within the time period set forth therein, but in no event later than forty-five days following my termination, and permitting such Release to become effective in accordance with its terms, then I will
receive the Severance Benefits paid in the form of a lump sum on the first regular payroll date following the effective date of the Release. 

  

	3.	I understand that Cerus may terminate my employment for “Cause” if, in the reasonable determination of the Company’s Board of Directors, I am convicted of any felony
or of any crime involving moral turpitude, or participate in any fraud against the Company, or willfully breach my duties to the Company, or wrongfully disclose any trade secrets or other confidential information of the Company, or maternally breach
the proprietary information and nondisclosure agreement between me and the Company. In the event that my employment is terminated For Cause, Cerus shall have no obligation to pay any severance to me. 

	4.	I understand that for purposes of this Agreement, “Disability” shall mean my inability to perform my duties under this Agreement, even with reasonable accommodation,
because I have become permanently disabled within the meaning of any policy of disability income insurance covering employees of the Company then in force. In the event the Company has no policy of disability income insurance covering employees of
the Company in force when I become disabled, the term “Disability” shall mean my inability to perform my duties under this Agreement, whether with or without reasonable accommodation, by reason of any incapacity, physical or mental, which
the Board, based upon medical advice or an opinion provided by a licensed physician acceptable to the Board, determines to have incapacitated me from satisfactorily performing all of my usual services for the Company, with or without reasonable
accommodation, for a period of at least nine (9) consecutive months during any twelve (12) month period. Based upon such medical advice or opinion, the determination of the Board shall be final and binding and the date such determination
is made shall be the date of such Disability for purposes of this Agreement. 

  

	5.	I understand that other than as set forth in this Severance Pay Agreement, Cerus shall have no obligation to compensate me for anything other than my accrued salary and my accrued
and unused vacation time earned through my termination date upon the termination of my employment with the Company. 

  

	6.	I understand that nothing in this Severance Pay Agreement assures me of a continuing position with the Company, or in any way changes the Company’s right to terminate my
employment at any time and for any reason, with or without advance notice or cause. 

  

			
	 /s/ Howard G. Ervin
	    	 December 22, 2008

	Howard G. Ervin	    	 DateThird Amendment to Credit Agreement

 Exhibit 10.1 
 THIRD AMENDMENT AND WAIVER TO CREDIT AGREEMENT 
 THIRD AMENDMENT AND WAIVER, dated as of
December 18, 2008 (this “Third Amendment”), among COOPER-STANDARD HOLDINGS INC., a Delaware corporation (f/k/a CSA Acquisition Corp.) (“Holdings”), COOPER-STANDARD AUTOMOTIVE INC., an Ohio corporation (the
“U.S. Borrower”), COOPER-STANDARD AUTOMOTIVE CANADA LIMITED, a corporation organized under the laws of Ontario (the “Canadian Borrower”), COOPER-STANDARD AUTOMOTIVE INTERNATIONAL HOLDINGS B.V. (f/k/a STEFFENS BEHEER
BV), a company incorporated under the laws of The Netherlands (the “Dutch Borrower”), various Lenders party to the Credit Agreement referred to below, and DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent (in such
capacity, the “Administrative Agent”). 
 WITNESSETH: 
 WHEREAS, Holdings, the U.S. Borrower, the Canadian Borrower, the Dutch Borrower, various Lenders, the Administrative Agent and certain other Agents have
entered into a Credit Agreement, dated as of December 23, 2004 (as amended, modified and/or supplemented to, but not including, the date hereof, the “Credit Agreement”); 
 WHEREAS, pursuant to the Credit Agreement, the Lenders have extended credit to the Borrowers on the terms and conditions set forth in the Credit
Agreement; 
 WHEREAS, Holdings and the Borrowers have requested certain amendments, consents and waivers to the Credit Agreement in
connection with the prepayment of Tender Term Loans (as defined below) pursuant to the Discounted Voluntary Prepayment Transaction (as defined below); 
 WHEREAS, Deutsche Bank Trust Company Americas has agreed to act as prepayment agent for the Discounted Voluntary Prepayment Transaction (in such capacity, the “Prepayment Agent”); and 
 WHEREAS, Holdings, the Borrowers and the Lenders have agreed to amend, and the Lenders have agreed to waive, certain provisions of the Credit Agreement
on the terms and conditions contained herein; 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 
 ARTICLE 1 
 Definitions 
 Section 1.1 Defined Terms. (a) Terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement, unless otherwise defined herein or the context otherwise requires. 
 (b) In addition, the following terms shall have the
following meanings as used herein: 
  

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 “Equity Contribution” shall mean, collectively, (i) a cash
contribution to the equity of Holdings made on or after the Third Amendment Effective Date by one or more shareholders of Holdings in exchange for common stock of Holdings, (ii) a cash contribution by Holdings to the equity of the U.S. Borrower
with the proceeds of a contribution described in preceding clause (i) in exchange for common stock of the U.S. Borrower and (iii) in the case of a Discounted Voluntary Prepayment by the Canadian Borrower, a cash contribution by the U.S.
Borrower, directly or indirectly through one or more Wholly-Owned Subsidiaries, to the equity of the Canadian Borrower with the proceeds of a contribution described in preceding clause (ii). 
 “Tendering Borrower” shall mean (x) with respect to Discounted Voluntary Prepayments of Tranche B Term Loans, the
Canadian Borrower and (y) with respect to Discounted Voluntary Prepayments of Tranche C Term Loans, Tranche D Term Loans and/or Tranche E Term Loans, the U.S. Borrower. 
 “Tender Term Loans” shall mean, collectively, the Tranche B Term Loans, the Tranche C Term Loans, the Tranche D Term
Loans and the Tranche E Term Loans. 
 “Tender TL Lender” shall mean, with respect to any Discounted
Voluntary Prepayment of any Tranche of Tender Term Loans, each Lender with outstanding Tender Term Loans under such Tranche. 
 “Tranche D Term Loans” shall mean the Incremental Term Loans in an initial aggregate principal amount of U.S.$190,000,000 incurred by the U.S. Borrower (and designated as “D” Term Loans) pursuant to
Section 2.01(d) of the Credit Agreement and that certain Incremental Term Loan Commitment Agreement, dated as of dated as of February 6, 2006, among Deutsche Bank AG New York Branch, as Incremental Term Loan Lender thereunder, Holdings,
the U.S. Borrower, each U.S. Subsidiary Guarantor and the Administrative Agent. 
 “Tranche E Term Loans”
shall mean (i) the Incremental Term Loans in an initial aggregate principal amount of €20,725,000 incurred by the U.S. Borrower (and designated as “E” Term Loans) pursuant to Section 2.01(d) of the Credit Agreement and that
certain Incremental Term Loan Commitment Agreement, dated as of February 6, 2006, among Deutsche Bank AG New York Branch, as Incremental Term Loan Lender, Holdings, the U.S. Borrower, each U.S. Subsidiary Guarantor and the Administrative Agent
and (ii) the Incremental Term Loans in the initial aggregate principal amount of €44,000,000 incurred by the U.S. Borrower in Euros (and initially designated as “E-1” Term Loans) pursuant to Section 2.01(d) of the Credit
Agreement and that certain Incremental Term Loan Commitment Agreement, dated as of August 15, 2007, among Export Development Canada, ING Capital LLC, Citibank, N.A., General Electric Capital Corporation, Deutsche Bank AG New York Branch, and
Goldman Sachs Credit Partners L.P., as Incremental Term Loan Lenders, Holdings, the U.S. Borrower, each U.S. Subsidiary Guarantor and the Administrative Agent. 
  

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 ARTICLE 2 
 Discounted Voluntary Prepayment Transaction 
 Section 2.1 Discounted Voluntary
Prepayment. (a) Each of the U.S. Borrower and the Canadian Borrower has notified the Lenders that it may wish to make voluntary prepayments of one or more Tranches of its Tender Term Loans (each, a “Discounted Voluntary
Prepayment”) during the period commencing on the Third Amendment Effective Date (as hereinafter defined) and ending on the date that is eighteen months following the Third Amendment Effective Date (the “Discounted Voluntary
Prepayment Period”) pursuant to the procedures and limitations described in this Section 2.1 (the transactions described in this Section 2.1, collectively, the “Discounted Voluntary Prepayment Transaction”). In
connection with any Discounted Voluntary Prepayment of a given Tranche of Tender Term Loans, the relevant Tendering Borrower will notify each Lender with such Tender Term Loans in writing (the “Prepayment Notice”) that such
Tendering Borrower desires to prepay such Tender Term Loans with proceeds in an aggregate amount specified by such Tendering Borrower (which amount shall be not less than the amount necessary to prepay U.S.$25,000,000 (or, €20,000,000, in the
case of Tranche E Term Loans) of par principal amount of Tender Term Loans in the aggregate in each case, determined using the lowest Discount (as defined below) in the range specified by such Tendering Borrower below) (each, a “Prepayment
Amount”) at a discount (which is expected to be within a range to be specified by such Tendering Borrower with respect to each Discounted Voluntary Prepayment; the “Discount”) equal to a percentage of par of the principal
amount of such Tender Term Loans being prepaid; provided that (i) the aggregate Prepayment Amounts for all Discounted Voluntary Prepayments undertaken by the Tendering Borrowers of all Tender Term Loans prepaid during the Discounted
Voluntary Prepayment Period shall not exceed U.S.$150,000,000 in the aggregate (for such purpose, taking the U.S. Dollar Equivalent of the Prepayment Amount with respect to any Tranche E Term Loans subject to a Discounted Voluntary Prepayment
(determined as of the date of such Discounted Voluntary Prepayment, and excluding any voluntary prepayments of any Tender Term Loans made in accordance with the Credit Agreement as in effect prior to the Third Amendment Effective Date), and
(ii) the Tendering Borrowers may issue no more than four Prepayment Notices that result in a Discounted Voluntary Prepayment (and make no more than four Discounted Voluntary Prepayments) in any twelve month period. Each Discounted Voluntary
Prepayment shall be financed exclusively with either (x) internally generated cash of the U.S. Borrower and its Subsidiaries (i.e., cash not representing proceeds of Indebtedness, asset sales, insurance recovery events or sales or
issuances of Equity Interests of, or equity contributions to, Holdings or any of its Subsidiaries), provided, however, that (I) no such internally generated cash of the U.S. Borrower and its Subsidiaries may be used to finance a
Discounted Voluntary Prepayment, unless (and only to the extent that) (1) after giving effect to the respective Discounted Voluntary Prepayment (and the application of all internally generated cash and the cash proceeds of all Equity
Contributions actually used to finance the same) the sum of (A) the Unrestricted cash and Permitted Investments of the U.S. Borrower and its Subsidiaries plus (B) the Total Unutilized Revolving Loan Commitment at such time shall
equal or exceed U.S.$125,000,000 and (2) the U.S. Borrower shall have delivered an officer’s certificate to the Prepayment Agent on the date of such Discounted Voluntary Prepayment demonstrating compliance with preceding subclause
(1) and/or (y) cash proceeds of Equity Contributions. Notwithstanding anything to the contrary contained herein, and for avoidance of doubt, any such internally generated cash of the U.S. 

  

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Borrower and its Domestic Subsidiaries used to finance a Discounted Voluntary Prepayment by the Canadian Borrower shall be permitted only to the extent such
cash is otherwise permitted to be invested in the Canadian Borrower pursuant to Section 10.04 of the Credit Agreement. 
 (b) In
connection with a Discounted Voluntary Prepayment of a given Tranche of Tender Term Loans, the relevant Tendering Borrower will allow each applicable Tender TL Lender to specify (a “Prepayment Offer”) a discount to par (the
“Acceptable Discount”) for a principal amount (subject to rounding requirements specified by the Prepayment Agent) of such Tender Term Loans at which such Tender TL Lender is willing to permit such Discounted Voluntary Prepayment
(and which shall be within any range specified by such Tendering Borrower with respect to such Discounted Voluntary Prepayment). Each Tendering Borrower will accept Prepayment Offers in the order of lowest to highest prepayment price specified by
the respective Tender TL Lenders in the Prepayment Offers so as to enable such Tendering Borrower to complete the Discounted Voluntary Prepayment for the Prepayment Amount. Based on the Acceptable Discounts and principal amounts of such Tender Term
Loans specified by the Tender TL Lenders, the applicable discount (the “Applicable Discount”) for the Discounted Voluntary Prepayment will be the highest Acceptable Discount (i.e., the lowest prepayment price) at which the
relevant Tendering Borrower can complete the Discounted Voluntary Prepayment for the full Prepayment Amount and which is within the range for the Discount specified by such Tendering Borrower. Each Tendering Borrower shall prepay such Tranche of
Tender Term Loans (or the respective portions thereof) offered by Tender TL Lenders at the Acceptable Discounts specified by each such Tender TL Lender that are equal to or greater than the Applicable Discount (“Qualifying Tender Term
Loans”) at the Applicable Discount; provided that if the aggregate proceeds required to prepay Qualifying Tender Term Loans (disregarding any interest payable under Section 2.1(c) hereof) would exceed the Prepayment Amount for
such Discounted Voluntary Prepayment, the relevant Tendering Borrower shall prepay such Qualifying Tender Term Loans at the Applicable Discount ratably based on the respective principal amounts of such Qualifying Tender Term Loans (subject to
rounding requirements specified by the Prepayment Agent). 
 (c) All Tender Term Loans prepaid by the Tendering Borrowers pursuant to this
Section 2.1 shall be accompanied by payment of accrued and unpaid interest on the par principal amount so prepaid to, but not including, the date of prepayment. 
 (d) The par principal amount of Tender Term Loans of a given Tranche prepaid pursuant to this Section 2.1 shall be applied to reduce the remaining Scheduled Repayments of such Tranche of Tender Term Loans in
indirect order of maturity. 
 (e) Each Discounted Voluntary Prepayment shall be consummated pursuant to procedures (including as to timing,
settlement, irrevocability of Prepayment Notices and acceptances of Prepayment Offers, rounding and minimum amounts, applicable Borrowings of accepted Tender Term Loans and other notices by the Tendering Borrowers and Tender TL Lenders and
determination of Applicable Discount) established by the Prepayment Agent in consultation with the Tendering Borrowers; it being understood and agreed that (x) each Tendering Borrower shall have the right to revoke its offer for a Discounted
Voluntary Prepayment and rescind its Prepayment Notice therefor at its discretion at any time prior to such Tendering Borrower’s delivery of a final notice of acceptance of the related Prepayment Offers, 

  

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(y) the settlement date for payment of accepted Prepayment Offers shall not be later than 30 days after the applicable Tendering Borrower’s delivery of
a final notice of acceptance therefor, and (z) unless otherwise determined by the Prepayment Agent, all Discounted Voluntary Prepayments of a given Tranche of Tender Term Loans shall be applied to all then outstanding Borrowings of such Tender
Term Loans on a pro rata basis (based on the relative sizes of the various outstanding Borrowings of such Tranche of Tender Term Loans), so that all Lenders with outstanding Tender Term Loans under the applicable Tranche will continue
to participate in each then outstanding Borrowing of such Tranche of Tender Term Loans on a pro rata basis (based upon the then outstanding principal amount of all Tender Term Loans under such Tranche after giving effect to such
Discounted Voluntary Prepayment as if made at par). The Lenders hereby further agree that, following a Discounted Voluntary Prepayment of a given Tranche of Tender Term Loans and notwithstanding anything to the contrary contained in the Credit
Agreement, (i) interest in respect of such Tender Term Loans may be made on a non-pro rata basis among the Lenders holding such Tender Term Loans to reflect the payment of accrued interest to certain Tender TL Lenders as provided
in Section 2.1(c) hereof and (ii) all subsequent prepayments and repayments of such Tender Term Loans (other than a Discounted Voluntary Prepayment) shall be made on a pro rata basis among the Lenders holding such Tender Term
Loans (based upon the then outstanding principal amounts of such Tender Term Loans of such Lenders after giving effect to any Discounted Voluntary Prepayment as if made at par). 
 (f) Except (i) for purposes of the definition of “Adjusted Excess Cash Flow” appearing in Section 1 of the Credit Agreement (as to
which a Discounted Voluntary Prepayment shall be treated as specified in such definition as amended hereby) and (ii) as otherwise expressly provided herein, each Discounted Voluntary Prepayment of a given Tranche of Tender Term Loans shall
constitute a voluntary prepayment of such Tranche of Tender Term Loans for all purposes under the Credit Agreement (including clause (f)(ii) of the definition of “Excess Cash Flow” appearing in Section 1 of the Credit Agreement and
Sections 5.01(ii) and (iii) of the Credit Agreement). 
 (g) The Lenders hereby (i) consent to the transactions described in this
Section 2.1 notwithstanding anything to the contrary in the Credit Agreement, (ii) waive the requirements of any provision of the Credit Agreement (including, without limitation, Sections 5.01(iv) and 13.06) that might otherwise prohibit
the Discounted Voluntary Prepayment Transaction or result in a Default or an Event of Default as a result of the Discounted Voluntary Prepayment Transaction and (iii) agree that no Discounted Voluntary Prepayment shall give rise to an
obligation by any Tender TL Lender to purchase participations pursuant to Section 13.06 of the Credit Agreement with amounts received by it from such Discounted Voluntary Prepayment. 
 (h) This Third Amendment shall not (i) require any Tendering Borrower to undertake any Discounted Voluntary Prepayment during the Discounted
Voluntary Prepayment Period or (ii) limit or restrict any Tendering Borrower from making voluntary prepayments of the Loans in accordance with the provisions of the Credit Agreement as in effect prior to the Third Amendment Effective Date.

  

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 ARTICLE 3 
 Amendments 
 Section 3.1 Amendments to Section 1 of the Credit Agreement.
(a) Section 1 of the Credit Agreement is hereby amended by adding the following terms in proper alphabetical order: 
 “Back-Stop Arrangements” shall mean, collectively, Letter of Credit Back-Stop Arrangements and Swingline Back-Stop Arrangements. 
 “Discounted Voluntary Prepayment” shall have the meaning provided in the Third Amendment. 
 “Letter of Credit Back-Stop Arrangements” shall have the meaning provided in Section 3.01(b)(iii). 
 “Swingline Back-Stop Arrangements” shall have the meaning provided in Section 2.01(g). 
 “Third Amendment Effective Date” shall have the meaning provided in the Third Amendment. 
 “Third Amendment” shall mean the Third Amendment and Waiver to this Agreement, dated as of December 18, 2008. 
 (b) The definition of “Adjusted Excess Cash Flow” appearing in Section 1 of the Credit Agreement is hereby amended by deleting said definition in its entirety and inserting the following new
definition in lieu thereof: 
 “Adjusted Excess Cash Flow” shall mean, for any period, the remainder of
(i) Excess Cash Flow for such period minus (ii) the product of (I) the sum of (A) the aggregate amount of principal repayments of Term Loans made as a voluntary prepayment pursuant to Section 5.01 during such period
(except to the extent such prepayment was financed with other Indebtedness and excluding any Discounted Voluntary Prepayment made as contemplated by the Third Amendment) plus (B) solely for purposes of a determination of “Adjusted
Excess Cash Flow” as used in the definition of “Retained Excess Cash Flow Amount”, the aggregate amount of cash used to make a Discounted Voluntary Prepayment of Term Loans as contemplated by the Third Amendment with internally
generated cash flow of the Borrower and its Subsidiaries multiplied by (II) the quotient of (x) 100% divided by (y) the Applicable Prepayment Percentage in effect on the relevant Excess Cash Payment Date for such
period.”. 
 (c) The definition of “Lender Default” appearing in Section 1 of the Credit Agreement is hereby
amended by deleting said definition in its entirety and inserting the following new definition in lieu thereof: 
  

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 “Lender Default” shall mean, as to any Lender, (i) the wrongful
refusal (which has not been retracted) of such Lender to make available its portion of any Borrowing (including any Mandatory Dollar Facility RL Borrowing) or to fund its portion of any unreimbursed payment under Section 3.04, (ii) such
Lender having been deemed insolvent or having become the subject of a bankruptcy or insolvency proceeding or a takeover by a regulatory authority or (iii) such Lender having notified the Administrative Agent, the Swingline Lender, any Issuing
Lender and/or any Credit Agreement Party (x) that it does not intend to comply with its obligations under Sections 2.01 or 3.04 in circumstances where such non-compliance would constitute a breach of such Lender’s obligations under the
respective Section or (y) of the events described in preceding clause (ii); provided that for purposes of the second sentence of Section 2.01(g), Section 3.01(b), Section 5.02(a)(iv) and any documentation entered into
pursuant to the Back-Stop Arrangements only, the term “Lender Default” shall also include, as to any Lender, (i) any Affiliate of such Lender that has Control of such Lender having been deemed insolvent or having become the subject of
a bankruptcy or insolvency proceeding or a takeover by a regulatory authority, (ii) any previously cured “Lender Default” of such Lender under this Agreement, unless such Lender Default has ceased to exist for a period of at least 90
consecutive days, and (iii) any default by such Lender with respect to its obligations under any other credit facility to which it is a party and which the Swingline Lender, any Issuing Lender or the Administrative Agent believes in good faith
has occurred and is continuing”. 
 (d) The definition of “Permitted Equity Issuance” appearing in Section 1 of
the Credit Agreement is hereby amended by inserting the following text immediately preceding the period (“.”) at the end of said Section: 
 “(excluding, for avoidance of doubt, any such sale or issuance the proceeds of which are used to finance a Discounted Voluntary Prepayment of Term Loans)”. 
 (e) The definition of “Security Document” appearing in Section 1 of the Credit Agreement is hereby amended by inserting the
following text immediately preceding the period (“.”) at the end of said definition: 
 “; provided, that cash
collateral or other agreements entered into pursuant to the Back-Stop Arrangements shall constitute “Security Documents” solely for purposes of (x) Section 12 and (y) the term “Credit Documents” as used in Sections
10.01(a)(i), 10.02(a)(i) and 12”. 
 Section 3.2 Amendments to Section 2 of the Credit Agreement. (a) The final
sentence of Section 2.01(g) of the Credit Agreement is hereby amended by inserting the text “(such arrangements, the “Swingline Back-Stop Arrangements”)” immediately preceding the text “and (y) the Swingline
Lender” appearing therein. 
 (b) Section 2.04 of the Credit Agreement is hereby amended by inserting the following text
immediately preceding the period (“.”) at the end of the second sentence appearing in said Section: 
  

 -7- 

 “; provided that, if, on the date of a Borrowing of Dollar Facility Revolving Loans (other
than a Mandatory Dollar Facility RL Borrowing) or Canadian Dollar Denominated Revolving Loans, there are Unpaid Drawings or Swingline Loans then outstanding, then the proceeds of such Borrowing shall be applied, first, to the payment in full
of any such Unpaid Drawings with respect to Dollar Facility Letters of Credit or Multicurrency Facility Letters of Credit, as applicable, second, in the case of any such Borrowing of Dollar Facility Revolving Loans, to the payment in full of
any such Swingline Loans, and third, to the applicable Borrower as otherwise provided above”. 
 Section 3.3 Amendments
to Section 3 of the Credit Agreement. (a) Section 3.01(b) of the Credit Agreement is amended by inserting the text “, renew, extend or amend” immediately following the text “under no obligation to issue”
appearing in said Section. 
 (b) Section 3.01(b) of the Credit Agreement is hereby further amended by deleting clause (iii) of the
proviso appearing in said Section and inserting the following new clause (iii) in lieu thereof: 
 “(iii) a Lender
Default exists with respect to any RL Lender, unless the Issuing Lender has entered into arrangements satisfactory to it and the respective Account Party to eliminate such Issuing Lender’s risk with respect to the Lender which is the subject of
the Lender Default, including by cash collateralizing (in U.S. Dollars or Canadian Dollars, as appropriate) such Lender’s Dollar Facility RL Percentage or Multicurrency Facility RL Percentage, as the case may be, or (if greater) RL Percentage,
of the Dollar Facility Letter of Credit Outstandings or Multicurrency Facility Letter of Credit Outstandings, as the case may be (such arrangements, the “Letter of Credit Back-Stop Arrangements”).”. 
 Section 3.4 Amendments to Section 5 of the Credit Agreement. (a) Section 5.02(a) of the Credit Agreement is hereby amended by
inserting the following new clause (iv) immediately following clause (iii) appearing in said Section: 
 “(iv)
If any RL Lender becomes a Defaulting Lender at any time that any Letter of Credit is outstanding, the Borrower shall enter into the applicable Letter of Credit Back-Stop Arrangements with the relevant Issuing Lender or Issuing Lenders no later than
10 Business Days after the date such RL Lender becomes a Defaulting Lender (or, in the case of Letters of Credit outstanding on the Third Amendment Effective Date at a time when a Lender Default exists, 30 days after the Third Amendment Effective
Date (or such later date as the relevant Issuing Lender shall agree in its sole discretion)).”. 
 (b) Section 5.02(i) of the
Credit Agreement is hereby amended by deleting the text “on the Swingline Expiry Date” appearing in said Section and inserting the text “on the earlier to occur of (x) the tenth Business Day following the date of the incurrence
of such Swingline Loans and (y) the Swingline Expiry Date”. 
 Section 3.5 Amendments of Section 9 of the Credit
Agreement. Section 9.11(a)(iii) of the Credit Agreement is hereby amended by inserting the text “; provided, 

  

 -8- 

 
however, that the proceeds of Swingline Loans shall not be used to refinance outstanding Swingline Loans” immediately preceding the period
appearing at the end of said Section. 
 Section 3.6 Amendments of Section 11 of the Credit Agreement. Section 11.01(d)
of the Credit Agreement is hereby amended by inserting the text “5.02(a)(iv),” immediately preceding the text “9.02(a)” appearing in said Section. 
 ARTICLE 4 
 Miscellaneous 
 Section 4.1 Conditions to Effectiveness. This Third Amendment shall become effective on the date (the “Third Amendment Effective
Date”) on which: 
 (a) Amendment. The Administrative Agent shall have received this Third Amendment, executed and delivered
by a duly authorized officer of each of Holdings, each Borrower and the Required Lenders. 
 (b) Acknowledgment and Confirmation. The
Administrative Agent shall have received the Acknowledgment and Confirmation, substantially in the form of Exhibit A hereto, executed and delivered by an authorized officer of Holdings, each Borrower and each other Credit Party. 

(c) No Default. No Default or Event of Default shall have occurred and be continuing under the Credit Agreement. 
 (d) Fees and Expenses. The U.S. Borrower shall have paid or caused to be paid to the Administrative Agent all fees, costs and expenses (including,
without limitation, legal fees and expenses) payable to the Administrative Agent to the extent then due in connection with the transactions contemplated by this Third Amendment. 
 Section 4.2 Representation and Warranties. On the Third Amendment Effective Date, each of Holdings and each Borrower hereby confirms that the
representations and warranties set forth in the Credit Agreement and the other Credit Documents are true and correct in all material respects on and as of the Third Amendment Effective Date with the same effect as though made on and as of the Third
Amendment Effective Date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties were true and correct in all material respects as of such earlier date).

 Section 4.3 Prepayment Agent. The Prepayment Agent shall be deemed an “Agent” for purposes of Section 12 of the
Credit Agreement and shall be entitled to the benefits thereof. 
 Section 4.4 Continuing Effect; No Other Waivers or Amendments.
This Third Amendment shall not constitute an amendment or waiver of or consent to any provision of the Credit Agreement and the other Credit Documents except as expressly stated herein and shall not be construed as an amendment, waiver or consent to
any action on the part of Holdings, any 

  

 -9- 

 
Borrower or any other Subsidiary of Holdings that would require an amendment, waiver or consent of the Administrative Agent or the Lenders except as
expressly stated herein. Except as expressly waived hereby, the provisions of the Credit Agreement and the other Credit Documents are and shall remain in full force and effect in accordance with their terms. 
 Section 4.5 Counterparts. This Third Amendment may be executed in any number of separate counterparts by the parties hereto (including by
telecopy or via electronic mail), each of which counterparts when so executed shall be an original, but all the counterparts shall together constitute one and the same instrument. 
 Section 4.6 Payment of Fees and Expenses. The Borrowers agree to pay or reimburse the Administrative Agent for all of its reasonable
out-of-pocket costs and reasonable expenses incurred in connection with this Third Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable fees, charges
and disbursements of counsel to the Administrative Agent. 
 Section 4.7 GOVERNING LAW. THIS THIRD AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES UNDER THIS THIRD AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 Section 4.8 Amendment Work Fee. The Canadian Borrower hereby covenants and agrees that, so long as the Third Amendment Effective Date occurs, it shall pay to each Canadian Lender which executes and
delivers to the Administrative Agent (or its designee) a counterpart hereof by 3:00 P.M. (New York City time) on December 18, 2008, a non-refundable cash fee (the “Canadian Amendment Work Fee”) in Dollars in an amount equal to 5 basis
points (i.e., 0.05%) on an amount equal to the sum of (i) the aggregate principal amount of all Tranche A Term Loans of such Lender outstanding on the Third Amendment Effective Date (immediately before giving effect thereto) plus (ii) the
Multicurrency Facility Revolving Loan Commitment of such Lender as in effect on the Third Amendment Effective Date (immediately before giving effect thereto). In addition, the U.S. Borrower hereby covenants and agrees that, so long as the Third
Amendment Effective Date occurs, it shall pay to each Lender which executes and delivers to the Administrative Agent (or its designee) a counterpart hereof by 3:00 P.M. (New York City time) on December 18, 2008, a non-refundable cash fee (the
“U.S. Amendment Work Fee” and, together with the Canadian Amendment Work Fee, collectively, the “Amendment Work Fees”) in Dollars in an amount equal to 5 basis points (i.e., 0.05%) on an amount equal to the sum of (i) the
aggregate principal amount of all Term Loans (other than Tranche A Term Loans) of such Lender outstanding on the Third Amendment Effective Date (immediately before giving effect thereto) plus (ii) the Dollar Facility Revolving Loan Commitment
of such Lender as in effect on the Third Amendment Effective Date (immediately before giving effect thereto) plus (iii) the U.S. Borrower Dual Currency Facility Revolving Loan Commitment of such Lender as in effect on the Third Amendment
Effective Date (immediately before giving effect thereto). The Amendment Work Fees shall not be subject to counterclaim or set-off, or be otherwise affected by, any claim or dispute relating to any other matter. The Amendment Work Fees shall be paid
by the Canadian Borrower and the U.S. Borrower to the Administrative Agent 

  

 -10- 

 
for distribution to the relevant Lenders not later than the third Business Day following the Third Amendment Effective Date. 
 *    *    * 
  

 -11- 

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

			
	COOPER-STANDARD HOLDINGS, INC.
	(f/k/a CSA Acquisition Corp.)
		
	By:	 	 /s/ Edward A. Hasler

	Name:	 	Edward A. Hasler
	Title:	 	President and Chief Executive Officer
	
	COOPER-STANDARD AUTOMOTIVE INC.
		
	By:	 	 /s/ Edward A. Hasler

	Name:	 	Edward A. Hasler
	Title:	 	President and Chief Executive Officer
	
	 COOPER-STANDARD AUTOMOTIVE
 CANADA LIMITED

		
	By:	 	 /s/ Allen J. Campbell

	Name:	 	Allen J. Campbell
	Title:	 	vice President
	
	COOPER-STANDARD AUTOMOTIVE INTERNATIONAL HOLDINGS B.V. (f/k/a STEFFENS BEHEER BV)
		
	By:	 	 /s/ Robert C. Johnson

	Name:	 	Robert C. Johnson
	Title:	 	Authorized Representative - Director

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as a Lender
		
	By:	 	 /s/ Omayra Laucella

	Name:	 	Omayra Laucella
	Title:	 	Vice President
		
	By:	 	 /s/ Erin Morrissey

	Name:	 	Erin Morrissey
	Title:	 	Vice President

 EXHIBIT A 
 FORM OF ACKNOWLEDGMENT AND CONFIRMATION 
 1. Reference is made to the Third Amendment and Waiver,
dated as of December 18, 2008 (the “Third Amendment”), to the Credit Agreement, dated as of December 23, 2004, among COOPER-STANDARD HOLDINGS INC., a Delaware corporation (f/k/a CSA Acquisition Corp.), COOPER-STANDARD
AUTOMOTIVE INC., an Ohio corporation, COOPER-STANDARD AUTOMOTIVE CANADA LIMITED, a corporation organized under the laws of Ontario, COOPER-STANDARD AUTOMOTIVE INTERNATIONAL HOLDINGS B.V. (f/k/a STEFFENS BEHEER BV), a company incorporated under the
laws of The Netherlands, various Lenders party thereto, DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent, and the other agents parties thereto. 
 2. Certain provisions of the Credit Agreement are being waived pursuant to the Third Amendment. Each of the parties hereto hereby agrees, with respect to each Credit Document to which it is a party: 
 (a) all of its obligations, liabilities and indebtedness under such Credit Document, including guarantee obligations, shall remain in full
force and effect on a continuous basis after giving effect to the Third Amendment; and 
 (b) all of the Liens and security
interests created and arising under such Credit Documents remain in full force and effect on a continuous basis, and the perfected status and priority of each such Lien and security interest continues in full force and effect on a continuous basis,
unimpaired, uninterrupted and undischarged, after giving effect to the Third Amendment as collateral security for its obligations, liabilities and indebtedness under the Credit Agreement and under its guarantees in the Credit Documents, all as
provided in such Credit Documents. 
 3. THIS ACKNOWLEDGMENT AND CONFIRMATION SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 4. This Acknowledgment and Confirmation may be executed by one or more of the parties
hereto on any number of separate counterparts (including by telecopy or electronic mail), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
 [rest of page intentionally left blank] 

 IN WITNESS WHEREOF, the parties hereto have caused this Acknowledgment and Confirmation to be duly
executed and delivered by their proper and duly authorized officers as of the day and year first above written. 
  

			
	COOPER-STANDARD HOLDINGS INC. (f/k/a CSA ACQUISITION CORP.)
		
	By:	 	 /s/ Edward A. Hasler

	Name:	 	Edward A. Hasler
	Title:	 	President and Chief Executive Officer
	
	COOPER-STANDARD AUTOMOTIVE INC.
		
	By:	 	 /s/ Edward A. Hasler

	Name:	 	Edward A. Hasler
	Title:	 	President and Chief Executive Officer
	
	COOPER-STANDARD AUTOMOTIVE FLUID SYSTEMS MEXICO HOLDING LLC
		
	By:	 	 COOPER-STANDARD AUTOMOTIVE INC.,
 as Sole
Member

		
	By:	 	 /s/ Timothy W. Hefferon

	Name:	 	Timothy W. Hefferon
	Title:	 	Secretary
	
	COOPER-STANDARD AUTOMOTIVE OH, LLC
		
	By:	 	 COOPER-STANDARD AUTOMOTIVE INC.,
 as Sole
Member

		
	By:	 	 /s/ Timothy W. Hefferon

	Name:	 	Timothy W. Hefferon
	Title:	 	Secretary

			
	COOPER-STANDARD AUTOMOTIVE NC L.L.C.
		
	By:	 	 COOPER-STANDARD AUTOMOTIVE INC.,
 as Sole
Member

		
	By:	 	 /s/ Timothy W. Hefferon

	Name:	 	Timothy W. Hefferon
	Title:	 	Secretary
	
	CSA SERVICES INC.
		
	By:	 	 /s/ Timothy W. Hefferon

	Name:	 	Timothy W. Hefferon
	Title:	 	Secretary
	
	NISCO HOLDING COMPANY
		
	By:	 	 /s/ Timothy W. Hefferon

	Name:	 	Timothy W. Hefferon
	Title:	 	Secretary
	
	NORTH AMERICAN RUBBER, INCORPORATED
		
	By:	 	 /s/ Timothy W. Hefferon

	Name:	 	Timothy W. Hefferon
	Title:	 	Secretary
	
	STANTECH, INC.
		
	By:	 	 /s/ Timothy W. Hefferon

	Name:	 	Timothy W. Hefferon
	Title:	 	Secretary

			
	STERLING INVESTMENTS COMPANY
		
	By:	 	 /s/ Timothy W. Hefferon

	Name:	 	Timothy W. Hefferon
	Title:	 	Secretary
	
	WESTBORN SERVICE CENTER, INC.
		
	By:	 	 /s/ Timothy W. Hefferon

	Name:	 	Timothy W. Hefferon
	Title:	 	Secretary
	
	COOPER-STANDARD AUTOMOTIVE FHS, INC.
		
	By:	 	 /s/ Timothy W. Hefferon

	Name:	 	Timothy W. Hefferon
	Title:	 	Secretary
	
	COOPER-STANDARD AUTOMOTIVE CANADA LIMITED
		
	By:	 	 /s/ Allen J. Campbell

	Name:	 	Allen J. Campbell
	Title:	 	Vice President
	
	 CS AUTOMOTIVE LLC, by its member,
 COOPER-STANDARD AUTOMOTIVE CANADA LIMITED

		
	By:	 	 /s/ Allen J. Campbell

	Name:	 	Allen J. Campbell
	Title:	 	Vice President

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