Document:

Form of First Amended and Restated Investor Rights Agreement

 Exhibit 10.50 
  
  
 FIRST AMENDED AND RESTATED 
 INVESTOR RIGHTS AGREEMENT 
 among 
 Sensata
Management Company S.A., 
 Sensata Investment Company S.C.A., 
 Sensata Technologies Holding N.V., 
 Funds managed by Bain
Capital Partners, LLC or its Affiliates, 
 and 
 certain other Persons 
 Dated as of March [    ], 2010

  
  

 TABLE OF CONTENTS 
  

			
	 	  	Page
	 1.        LUXCO DEMAND REGISTRATIONS
	  	2
	 1.1.     Requests for Registration
	  	2
	 1.2.     Demand Notice
	  	2
	 1.3.     Demand Registration Expenses
	  	2
	 1.4.     Short-Form Registrations
	  	2
	 1.5.     Priority on Demand Registrations
	  	3
	 1.6.     Restrictions on Demand Registrations
	  	3
	 1.7.     Selection of Underwriters
	  	3
	 1.8.     Other Registration Rights
	  	3
		
	 2.        DUTCHCO DEMAND REGISTRATIONS
	  	4
	 2.1.     Requests for Registration
	  	4
	 2.2.     Demand Notice
	  	4
	 2.3.     Demand Registration Expenses
	  	4
	 2.4.     Short-Form Registrations
	  	4
	 2.5.     Priority on Demand Registrations
	  	4
	 2.6.     Restrictions on Demand Registrations
	  	5
	 2.7.     Selection of Underwriters
	  	5
	 2.8.     Other Registration Rights
	  	5
		
	 3.        PIGGYBACK REGISTRATIONS
	  	6
	 3.1.     Right to Piggyback
	  	6
	 3.2.     Piggyback Expenses
	  	6
	 3.3.     Priority on Primary Registrations
	  	6
	 3.4.     Priority on Secondary Registrations
	  	6
		
	 4.        REGISTRATION GENERALLY
	  	6
	 4.1.     Registration Procedures
	  	6
	 4.2.     Registration Expenses
	  	10
	 4.3.     Participation in Underwritten Offerings
	  	11
	 4.4.     Holdback Agreements
	  	12
	 4.4.1. Securityholder Holdback
	  	12
	 4.4.2. Issuer Holdback
	  	12
	 4.5.     Current Public Information
	  	12
		
	 5.        INDEMNIFICATION
	  	13
	 5.1.     Indemnification by the Issuer
	  	13
	 5.2.     Indemnification by Holders of Registrable Securities
	  	13
	 5.3.     Procedure
	  	14
	 5.4.     Entry of Judgment; Settlement
	  	14
	 5.5.     Contribution
	  	14
	 5.6.     Other Rights
	  	15

  

 i 

			
	 6.        OTHER RIGHTS
	  	16
	 6.1.     Information Rights
	  	16
	 6.1.1. Historical Financial Information
	  	16
	 6.1.2. Tax Information
	  	16
	 6.1.3. Access
	  	17
	 6.2.     Expenses; Indemnity
	  	18
	 6.3.     Parent as Manager of Luxco; Election of Bain Directors
	  	19
	 6.3.1. Actions
	  	19
	 6.3.2. Board Size; Bain Directors
	  	19
	 6.3.3. Removal
	  	20
	 6.3.4. Expenses; Etc
	  	20
		
	 7.        DEFINITIONS
	  	20
		
	 8.        MISCELLANEOUS
	  	25
	 8.1.     No Inconsistent Agreements; Foreign Registration
	  	25
	 8.2.     Adjustments Affecting Luxco Registrable Securities
	  	25
	 8.3.     Remedies
	  	26
	 8.4.     Amendment and Waiver
	  	26
	 8.5.     Successors and Assigns; Transferees
	  	26
	 8.6.     Severability
	  	26
	 8.7.     Counterparts
	  	26
	 8.8.     Descriptive Headings
	  	26
	 8.9.     Notices
	  	26
	 8.10.   Delivery by Facsimile
	  	29
	 8.11.   Governing Law
	  	30

  

 ii 

 FIRST AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT 
 This First Amended and Restated Investor Rights Agreement (this “Agreement”) is made as of March
[    ], 2010 by and among: 
  

	 	(i)	Sensata Management Company S.A., a société anonyme organized under the laws of the Grand Duchy of Luxembourg (“Parent”);

  

	 	(ii)	Sensata Investment Company S.C.A., a société en commandite par actions organized under the laws of the Grand Duchy of Luxembourg
(“Luxco”); 

  

	 	(iii)	Sensata Technologies Holding N.V. (f/k/a Sensata Technology Holding B.V.), a public limited liability company incorporated under the laws of the Netherlands
(“Dutchco”); 

  

	 	(iv)	Funds managed by Bain Capital Partners, LLC or its Affiliates (together with their respective Affiliates, “Bain”); 

  

	 	(v)	each Person executing this Agreement and listed as an Other Investor on the signature pages hereto (collectively, the “Other Investors” and together
with Bain, the “Investors”); and 

  

	 	(vi)	such other Persons, if any, that from time to time become parties hereto (collectively, together with the Investors, the “Securityholders”).

 RECITALS 
 1. In connection with the prior sale by Texas Instruments Incorporated, a Delaware corporation (“Seller”), and purchase by Sensata Technologies B.V., a private limited liability company
organized under the laws of the Netherlands (“Buyer”), of the sensors and control business of Seller pursuant to that certain Asset and Stock Purchase Agreement, dated as of January 8, 2006, Parent, Luxco, Dutchco and the
Securityholders entered into that certain Investor Rights Agreement, dated as of April 27, 2006 (the “Prior Agreement”). 
 2. Dutchco intends to make an initial public offering of its ordinary shares (the “Dutchco IPO”) pursuant to a registration statement on Form S-1 filed November 25, 2009, as amended.

 3. Prior to the Dutchco IPO, Luxco owns 99.99% of the outstanding securities of Dutchco (with the remainder held by certain
employees of Luxco and its Subsidiaries), which in turn owns 100% of the outstanding securities of Sensata Intermediate Holding Company, B.V., which in turn owns 100% of the outstanding securities of Buyer. 
 3. Luxco, as of the date hereof, is authorized by the Articles (as defined below) to issue securities consisting of 790,909 Ordinary Shares,
par value €1.25 per ordinary share, 493,527,216 Series 1 Preferred Equity Certificates, par value €1.25 per certificate (“Series 1 PECs”), 138,409,075 convertible preferred equity certificates, par value
€1.25 per certificate (“CPECs”). 

 4. Luxco and the Investors are parties to that certain Investor Equity Subscription
Agreement, dated as of April 27, 2006 (the “Subscription Agreement”), pursuant to which the Investors subscribed for Ordinary Shares of the Luxco, Series 1 PECs, and CPECs. Each of the Investors owns the number and class of
securities set forth opposite its name on the “Schedule of Holders” attached hereto in its capacity as a limited securityholder of Luxco. Parent is the manager and unlimited securityholder of Luxco 
 5. In connection with the Dutchco IPO, Parent, Luxco, Dutchco and the Securityholders desire to amend and restate the Prior Agreement, and
have so approved an amendment and restatement by executing this Agreement. Unless otherwise noted in this Agreement, capitalized terms used herein shall have the meanings set forth in Section 7. 
 AGREEMENT 
 NOW, THEREFORE, the parties to this Agreement hereby agree as follows: 
  

	1.	LUXCO DEMAND REGISTRATIONS. 

 1.1. Requests for Registration. At any time prior to Luxco’s Initial Public Offering, Bain may initiate the registration of Luxco securities in Luxco’s Initial Public Offering. Subject to
the other provisions of Section 1, Bain may initiate an unlimited number of registrations of all or part of their Luxco Registrable Securities on Form S-1 or any successor or similar long-form registration (“Long-Form
Registrations”) and, if available, an unlimited number of registrations of all or part of their Luxco Registrable Securities on Form S-2 or S-3 or any successor or similar short-form registration (“Short-Form
Registrations” and, collectively with Long Form Registrations, “Demand Registrations”). 
 1.2.
Demand Notice. All requests for Demand Registrations shall be made by giving written notice (a “Demand Notice”) to Luxco. Each Demand Notice shall specify the approximate number of Luxco Registrable Securities requested to be
registered. Within ten days after receipt of any such Demand Notice, Luxco will give written notice of such requested registration to all other holders of Luxco Registrable Securities and, subject to Section 1.5, will include in such
registration (and in all related registrations and qualifications under securities laws or in compliance with other registration requirements and in any related underwriting) all Luxco Registrable Securities with respect to which Luxco has received
written requests for inclusion therein within 15 days after the delivery of Luxco’s notice. 
 1.3. Demand Registration
Expenses. Luxco will pay all Registration Expenses in connection with any registration initiated as a Demand Registration, whether or not it has become effective. 
 1.4. Short-Form Registrations. Demand Registrations will be Short-Form Registrations whenever Luxco is permitted to use any applicable short-form (unless the managing underwriter(s) of such
offering requests Luxco to use a Long-Form Registration in order to sell all of the Luxco Registrable Securities requested to be sold). After Luxco has become subject to the reporting requirements of the Securities Exchange Act, Luxco will use its
best efforts to make Short-Form Registrations available for the sale of Luxco Registrable Securities. Bain may, in connection with any Demand Registration requested by such holders

  

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that is a Short-Form Registration, require Luxco to file such Short-Form Registration with the Securities and Exchange Commission in accordance with and pursuant to Rule 415 under the Securities
Act (or any successor or similar rule then in effect) (a “Shelf Registration”). 
 1.5. Priority on Demand
Registrations. Luxco shall not include in any Demand Registration any securities which are not Luxco Registrable Securities without the prior written consent of the holders of a majority of the Luxco Registrable Securities included in such
registration. If a Demand Registration is an underwritten offering and the managing underwriter(s) advises Luxco in writing that in its opinion the number of Luxco Registrable Securities and, if permitted hereunder, other securities requested to be
included in such offering exceeds the number of Luxco Registrable Securities and other securities, if any, which can be sold therein without adversely affecting the marketability of the offering, then Luxco shall include in such registration, prior
to the inclusion of any securities that are not Luxco Registrable Securities, the number of Luxco Registrable Securities requested to be included in such offering that, in the opinion of such underwriter(s), can be sold without adversely affecting
the marketability of the offering, pro rata among the respective holders thereof on the basis of the number of Luxco Registrable Securities owned by each such holder, and only then securities that are not Luxco Registrable Securities if the managing
underwriter(s) has advised that such securities may be included. 
 1.6. Restrictions on Demand Registrations. Luxco will
not be obligated to effect any Demand Registration within 90 days after the closing of a Public Offering (other than on Form S-4 or Form S-8 or any successor or similar form, but including the closing of an underwritten distribution pursuant to a
Shelf Registration). Luxco may postpone for up to 30 days (from the date of the request) the filing or the effectiveness of a registration statement for a Demand Registration if and so long as Luxco determines that such Demand Registration would
reasonably be expected to have an adverse effect on any proposal or plan by Luxco or any of the Subsidiaries to engage in any acquisition of assets (other than in the ordinary course of business) or any merger, consolidation, tender offer,
registration or issuance of securities, financing or other material transaction; provided, however, that in such event, Luxco will pay all Registration Expenses in connection with such registration. Luxco may not postpone a Demand
Registration more than two (2) times in any twelve-month period. 
 1.7. Selection of Underwriters. Bain will have
the right to select the underwriter or underwriters to administer the offering, provided that such selection will be subject to the approval of the Parent Board, which approval will not be unreasonably withheld or delayed. 
 1.8. Other Registration Rights. Luxco represents and warrants that it is not a party to, or otherwise subject to, any other agreement
granting registration rights to any other Person with respect to any securities of Luxco, other than the Securityholders Agreement and the Luxco Management Plan. Except as provided in this Agreement, Luxco shall not grant to any Persons the right to
request Luxco to register any equity securities of Luxco, or any securities convertible or exchangeable into or exercisable for such securities, without the prior written consent of Bain; provided that without such written consent,
(a) Luxco may grant rights to other Persons to participate in Piggyback Registrations so long as such rights are subordinate to the rights of the holders of Luxco Registrable Securities with respect to such Piggyback Registrations; and
(b) Luxco may grant rights to other Persons to request registrations so long as the holders of Luxco Registrable Securities are entitled to participate in any such registrations with such Persons pro rata on the basis of the number of
securities owned by each such holder. 
  

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	2.	DUTCHCO DEMAND REGISTRATIONS. 

 2.1. Requests for Registration. Subject to the other provisions of Section 2, Luxco, at the request of Bain, may initiate an unlimited number of Long-Form Registrations and, if available,
Short-Form Registrations of Dutchco securities. 
 2.2. Demand Notice. All requests for Demand Registrations shall be
made by Bain giving a Demand Notice to Luxco and Luxco delivering such Demand Notice to Dutchco. Each Demand Notice shall specify the approximate number of Dutchco Registrable Securities requested to be registered. Within ten days after receipt of
any such Demand Notice, Dutchco will give written notice of such requested registration to all other holders of Dutchco Registrable Securities and, subject to Section 2.5, will include in such registration (and in all related registrations and
qualifications under securities laws or in compliance with other registration requirements and in any related underwriting) all Dutchco Registrable Securities with respect to which Dutchco has received written requests for inclusion therein within
15 days after the delivery of Dutchco’s notice. 
 2.3. Demand Registration Expenses. Dutchco will pay all
Registration Expenses in connection with any registration initiated as a Demand Registration, whether or not it has become effective. 
 2.4. Short-Form Registrations. Demand Registrations will be Short-Form Registrations whenever Dutchco is permitted to use any applicable short-form (unless the underwriter of such offering requests Dutchco to use a Long-Form
Registration in order to sell all of the Dutchco Registrable Securities requested to be sold). After Dutchco has become subject to the reporting requirements of the Securities Exchange Act, Dutchco will use its best efforts to make Short-Form
Registrations available for the sale of Dutchco Registrable Securities. Luxco may, at Bain’s request, in connection with any Demand Registration requested by Luxco that is a Short-Form Registration, require Dutchco to file such Short-Form
Registration with the Securities and Exchange Commission as a Shelf Registration. 
 2.5. Priority on Demand
Registrations. Dutchco shall not include in any Demand Registration any securities which are not Dutchco Registrable Securities without the prior written consent of the holders of a majority of the Dutchco Registrable Securities included in such
registration. If a Demand Registration is an underwritten offering and the managing underwriter(s) advises Dutchco in writing that in its opinion the number of Dutchco Registrable Securities and, if permitted hereunder, other securities requested to
be included in such offering exceeds the number of Dutchco Registrable Securities and other securities, if any, which can be sold therein without adversely affecting the marketability of the offering, then Dutchco shall include in such registration,
prior to the inclusion of any securities that are not Dutchco Registrable Securities, the number of Dutchco Registrable Securities requested to be included in such offering that, in the opinion of such underwriter(s), can be sold without adversely
affecting the marketability of the offering, pro rata among the respective holders thereof on the basis of the number of Dutchco Registrable Securities owned by each such holder, and only then securities that are not Dutchco Registrable Securities
if the managing underwriter(s) has advised that such securities may be included. 
  

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 2.6. Restrictions on Demand Registrations. Dutchco will not be obligated to effect
any Demand Registration within 90 days after the closing of a Public Offering (other than on Form S-4 or Form S-8 or any successor or similar form, but including the closing of an underwritten distribution pursuant to a Shelf Registration). Dutchco
may postpone for up to 30 days (from the date of the request) the filing or the effectiveness of a registration statement for a Demand Registration if and so long as Dutchco determines that such Demand Registration would reasonably be expected to
have an adverse effect on any proposal or plan by Dutchco or any of the Subsidiaries to engage in any acquisition of assets (other than in the ordinary course of business) or any merger, consolidation, tender offer, registration or issuance of
securities, financing or other material transaction; provided, however, that in such event, Dutchco will pay all Registration Expenses in connection with such registration. Dutchco may not postpone a Demand Registration more than two
(2) times in any twelve-month period. 
 2.7. Selection of Underwriters. Luxco will have the right to select the
underwriter or underwriters to administer the offering, provided that such selection will be subject to the approval of the Dutchco Board, which approval will not be unreasonably withheld or delayed. 
 2.8. Other Registration Rights. Dutchco represents and warrants that it is not a party to, or otherwise subject to, any other
agreement granting registration rights to any other Person with respect to any securities of Dutchco, other than the Securityholders Agreement and the Dutchco Management Plans. Except as provided in this Agreement, Dutchco shall not grant to any
Persons the right to request Dutchco to register any equity securities of Dutchco, or any securities convertible or exchangeable into or exercisable for such securities, without the prior written consent of Luxco; provided that without such
written consent, (a) Dutchco may grant rights to other Persons to participate in Piggyback Registrations so long as such rights are subordinate to the rights of the holders of Dutchco Registrable Securities with respect to such Piggyback
Registrations; and (b) Dutchco may grant rights to other Persons to request registrations so long as the holders of Dutchco Registrable Securities are entitled to participate in any such registrations with such Persons pro rata on the basis of
the number of securities owned by each such holder. 
  

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	3.	PIGGYBACK REGISTRATIONS. 

 3.1. Right to Piggyback. Whenever Luxco or the Dutchco proposes to register any of its securities under the Securities Act (other than (a) in an Initial Public Offering, (b) pursuant to a
Demand Registration to which Section 1 is applicable or (c) in connection with registration on Form S-4 or Form S-8 or any successor or similar form) and the registration form to be used may be used for the registration of
Registrable Securities (a “Piggyback Registration”), the Issuer will give prompt written notice to all holders of Registrable Securities of its intention to effect such a registration and, subject to Sections 3.3 and 3.4 below,
will include in such registration all Registrable Securities with respect to which the Issuer has received written requests for inclusion therein within 30 days after the delivery of the Issuer’s notice. Each such Company notice shall specify
the approximate number of Company equity securities to be registered. 
 3.2. Piggyback Expenses. The Registration
Expenses of the holders of Registrable Securities will be paid by the Issuer in all Piggyback Registrations, whether or not any such registration becomes effective. 
 3.3. Priority on Primary Registrations. If a Piggyback Registration is an underwritten primary registration on behalf of the Issuer and the managing underwriter(s) advises the Issuer in writing
(with a copy to each party hereto requesting registration of Registrable Securities) that in its opinion the number of securities requested to be included in such registration exceeds the number which can be sold in such offering without adversely
affecting the marketability of such offering, the Issuer will include in such registration: (a) first, the securities the Issuer proposes to sell, (b) second, the Registrable Securities requested to be included in such registration, pro
rata among the holders of such Registrable Securities on the basis of the number of shares owned by each such holder, and (c) third, other securities requested to be included in such registration. 
 3.4. Priority on Secondary Registrations. If a Piggyback Registration is an underwritten secondary registration on behalf of holders
of Registrable Securities (other than the Issuer or Bain, as applicable), and the managing underwriter(s) advises the Issuer in writing that in its opinion the number of securities requested to be included in such registration exceeds the number
which can be sold in such offering without adversely affecting the marketability of the offering, the Issuer will include in such registration: (a) first, the securities requested to be included therein by the holders requesting registration,
and the Registrable Securities requested to be included in such registration, pro rata among the holders of such securities and Registrable Securities on the basis of the number of shares owned by each such holder, and (b) second, other such
securities requested to be included in such registration. 
  

	4.	REGISTRATION GENERALLY. 

 4.1. Registration Procedures. Whenever the holders of Registrable Securities have requested that any Registrable Securities be registered pursuant to this Agreement, the Issuer will use its best
efforts to effect the registration and the sale of such Registrable Securities in accordance with the intended method of disposition thereof and pursuant thereto the Issuer will as expeditiously as possible: 
 (a) prepare and (within 60 days after the end of the period within which requests for inclusion in such registration may be
given to the Issuer) file with the Securities and Exchange Commission a registration statement with respect to such Registrable Securities and thereafter use its best efforts to cause such registration statement to become effective (provided that
before filing a registration statement or prospectus or any amendments or supplements thereto, the Issuer will furnish to the counsel selected by the Bain to be included in any Demand Registration copies of all such documents proposed to be filed,
which documents will be subject to review by such counsel); 
  

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 (b) prepare and file with the Securities and Exchange Commission such
amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary (i) to keep such registration statement effective for a period (A) of not less than 180 days (subject to
extension pursuant to Section 4.3(b)) or, if such registration statement relates to an underwritten offering, such longer period as in the opinion of counsel for the underwriters a prospectus is required by law to be delivered in connection
with sales of Registrable Securities by an underwriter or dealer, (B) of less than 180 days, which period will terminate when all of the securities covered by such registration statement have been disposed of in accordance with the intended
methods of disposition by the seller or sellers thereof set forth in such registration statement (but in any event not before the expiration of any longer period required under the Securities Act), or (C) in the case of a Shelf Registration,
ending on the earlier of (I) the date on which all Registrable Securities have been sold pursuant to the Shelf Registration or have otherwise ceased to be Registrable Securities, (II) the second anniversary of the effective date of such
Shelf Registration and (III) such other date determined by Bain, and (ii) to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement until such time as all
of such securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such registration statement; 
 (c) furnish to each seller of Registrable Securities such number of copies of such registration statement, each amendment and
supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus) and such other documents as such seller may reasonably request in order to facilitate the disposition of the Registrable Securities
owned by such seller; 
 (d) use its best efforts to register or qualify such Registrable Securities under such
other securities laws of such jurisdictions as any seller reasonably requests and do any and all other acts and things which may be reasonably necessary or advisable to enable such seller to consummate the disposition in such jurisdictions of the
Registrable Securities owned by such seller (provided that the Issuer will not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this subsection,
(ii) subject itself to taxation in respect of doing business in any such jurisdiction or (iii) consent to general service of process in any such jurisdiction); 
  

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 (e) promptly notify each seller of such Registrable Securities, at any time
when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the discovery of the happening of any event as a result of which, the prospectus included in such registration statement contains
an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading in the light of the circumstances under which they were made, and, at the request of any such seller, the Issuer will prepare and
furnish to such seller a reasonable number of copies of a supplement or amendment to such prospectus so that, as thereafter delivered to the prospective purchasers of such Registrable Securities, such prospectus will not contain an untrue statement
of a material fact or omit to state any fact necessary to make the statements therein not misleading in the light of the circumstances under which they were made; 
 (f) cause all such Registrable Securities to be listed on each securities exchange on which similar securities issued by the
Issuer are then listed and, if not so listed, to be listed on the NASD automated quotation system and, if listed on the NASD automated quotation system, use its best efforts to secure designation of all such Registrable Securities covered by such
registration statement as a NASDAQ “national market system security” within the meaning of Rule 11Aa2-1 of the Securities and Exchange Commission or, failing that, to secure NASDAQ authorization for such Registrable Securities and, without
limiting the generality of the foregoing, to arrange for at least two market makers to register as such with respect to such Registrable Securities with the NASD; 
 (g) provide a transfer agent and registrar for all such Registrable Securities not later than the effective date of such
registration statement; 
 (h) enter into such customary agreements (including underwriting agreements in
customary form) and take all such other actions as the holders of a majority of the Registrable Securities being sold or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities
(including, without limitation, effecting a stock split or a combination of shares); 
 (i) make available for
inspection by any seller of Registrable Securities, any underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other agent retained by any such seller or underwriter, all financial and
other records, pertinent corporate documents and properties of the Issuer, and cause the Issuer’s officers, directors, employees and independent accountants to supply all information reasonably requested by any such seller, underwriter,
attorney, accountant or agent in connection with such registration statement; 
  

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 (j) otherwise use its best efforts to comply with all applicable rules and
regulations of the Securities and Exchange Commission, and make available to its security holders, as soon as reasonably practicable, but not later than 18 months after the effective date of the registration statement, an earnings statement covering
the period of at least twelve months beginning with the first day of the Issuer’s first full calendar quarter after the effective date of the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of
the Securities Act and Rule 158 thereunder; 
 (k) in the event of the issuance of any stop order suspending
the effectiveness of a registration statement, or of any order suspending or preventing the use of any related prospectus or suspending the qualification of any securities included in such registration statement for sale in any jurisdiction, the
Issuer will use its reasonable best efforts promptly to obtain the withdrawal of such order; 
 (l) obtain one or
more comfort letters, dated the effective date of such registration statement (and, if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), signed by the Issuer’s
independent public accountants in the then-current customary form and covering such matters of the type customarily covered from time to time by comfort letters as the holders of a majority of the Registrable Securities being sold reasonably
request; 
 (m) provide a legal opinion of the Issuer’s outside counsel, dated the effective date of such
registration statement (and, if such registration includes an underwritten public offering, dated the date of the closing under the underwriting agreement), with respect to the registration statement, each amendment and supplement thereto, the
prospectus included therein (including the preliminary prospectus) and such other documents relating thereto in the then-current customary form and covering such matters of the type customarily covered from time to time by legal opinions of such
nature (in a form reasonably acceptable to the holders of a majority of the Registrable Securities included in the registration); 
 (n) cooperate with the sellers of Registrable Securities covered by the registration statement and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of
certificates (not bearing any restrictive legends) representing securities to be sold under the registration statement, and enable such securities to be in such denominations and registered in such names as the managing underwriter or agent, if any,
or such holders may request; 
 (o) notify counsel for the sellers of Registrable Securities included in such
registration statement and the managing underwriter or agent, immediately, and confirm the notice in writing (i) when the registration statement, or any post-effective amendment to the registration statement, shall have become

  

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effective, or any supplement to the prospectus or any amendment prospectus shall have been filed, (ii) of the receipt of any comments from the Securities and Exchange Commission,
(iii) of any request of the Securities and Exchange Commission to amend the registration statement or amend or supplement the prospectus or for additional information, and (iv) of the issuance by the Securities and Exchange Commission of
any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus, or of the suspension of the qualification of the registration statement for offering or sale in
any jurisdiction, or of the institution or threatening of any proceedings for any of such purposes; 
 (p) make
every reasonable effort to prevent the issuance of any stop order suspending the effectiveness of the registration statement or of any order preventing or suspending the use of any preliminary prospectus and, if any such order is issued, to obtain
the withdrawal of any such order at the earliest possible moment; 
 (q) if requested by the managing underwriter
or agent or any holder of Registrable Securities covered by the registration statement, promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or agent or such holder reasonably
requests to be included therein, including, without limitation, with respect to the number of Registrable Securities being sold by such holder to such underwriter or agent, the purchase price being paid therefor by such underwriter or agent and with
respect to any other terms of the underwritten offering of the Registrable Securities to be sold in such offering; and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after being notified of
the matters incorporated in such prospectus supplement or post-effective amendment; and 
 (r) cooperate with
each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with the National Association of
Securities Dealers, Inc. or any similar Person. 
 The Issuer may require each seller of Registrable Securities as to which any registration is
being effected to furnish to the Issuer such information relating to the sale or registration of such securities regarding such seller and the distribution of such securities as the Issuer may from time to time reasonably request in writing.

 4.2. Registration Expenses. 
 (a) All expenses incident to the Issuer’s performance of or compliance with this Agreement, including, without
limitation, all registration, qualification and filing fees, fees and expenses of compliance with securities laws, printing expenses, messenger and delivery expenses, and fees and

  

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disbursements of counsel for the Issuer and all independent certified public accountants, underwriters (excluding discounts and commissions) and other Persons retained by the Issuer (all such
expenses being herein called “Registration Expenses”), will be paid by the Issuer in respect of each Demand Registration and each Piggyback Registration, whether or not it has become effective, including that the Issuer will pay its
internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit or quarterly review, the expense of any liability insurance and the
expenses and fees for listing the securities to be registered on each securities exchange on which similar securities issued by the Issuer are then listed or on the NASD automated quotation system. 
 (b) In connection with each Demand Registration and each Piggyback Registration, whether or not it has become effective, the
Issuer will pay, and reimburse the holders of Registrable Securities covered by such registration for the payment of, the reasonable fees and disbursements of one counsel chosen by the holders of a majority of the Registrable Securities included in
such registration, and such expenses shall be considered Registration Expenses hereunder. 
 4.3. Participation in
Underwritten Offerings. 
 (a) No Person may participate in any registration hereunder which is underwritten
unless such Person (i) agrees to sell such Person’s securities on the basis provided in any underwriting arrangements approved by the Person or Persons entitled hereunder to approve such arrangements (including, without limitation,
pursuant to the terms of any over-allotment or “green shoe” option requested by the managing underwriter(s), provided that no holder of Registrable Securities will be required to sell more than the number of Registrable Securities that
such holder has requested the Issuer to include in any registration) and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such
underwriting arrangements. 
 (b) Each Person that is participating in any registration hereunder agrees that,
upon receipt of any notice from the Issuer of the happening of any event of the kind described in Section 4.1(e) above, such Person will forthwith discontinue the disposition of its Registrable Securities pursuant to the registration statement
until such Person’s receipt of the copies of a supplemented or amended prospectus as contemplated by such Section 4.1(e). In the event the Issuer shall give any such notice, the applicable time period mentioned in Section 4.1(b)
during which a Registration Statement is to remain effective shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to this paragraph to and including the date when each seller of
a Registrable Security covered by such registration statement shall have received the copies of the supplemented or amended prospectus contemplated by Section 4.1(e). 
  

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 4.4. Holdback Agreements. 
 4.4.1. Securityholder Holdback. To the extent not inconsistent with applicable law, each holder of Registrable
Securities shall not effect any public sale or distribution (including sales pursuant to Rule 144) of equity securities of the Issuer, or any securities, options or rights convertible into or exchangeable or exercisable for such securities,
during (a) with respect to the Issuer’s Initial Public Offering, the seven days prior to and the 180-day period beginning on the effective date of such Initial Public Offering, (b) with respect to any other underwritten Demand
Registration or any underwritten Piggyback Registration in which Registrable Securities are included, the seven days prior to and the 90-day period beginning on the effective date of such registration, and (c) upon notice from the Issuer of the
commencement of an underwritten distribution in connection with any Shelf Registration, the seven days prior to and the 90-day period beginning on the date of commencement of such distribution, in each case except as part of such underwritten
registration, and in each case unless the underwriters managing the registered public offering otherwise agree. 
 4.4.2. Issuer Holdback. The Issuer shall not effect any public sale or distribution of its equity securities, or any securities convertible into or exchangeable or exercisable for such securities, during (a) with respect to the
Issuer’s Initial Public Offering, the seven days prior to and the 180-day period beginning on the effective date of such Initial Public Offering, (b) with respect to any other underwritten Demand Registration or any underwritten Piggyback
Registration in which Registrable Securities are included, the seven days prior to and the 90-day period beginning on the effective date of such registration, and (c) upon notice from any holder(s) of Registrable Securities subject to a Shelf
Registration that such holder(s) intend to effect an underwritten distribution of Registrable Securities pursuant to such Shelf Registration (upon receipt of which, the Issuer will promptly notify all other holders of Registrable Securities of the
date of the commencement of such distribution), the seven days prior to and the 90-day period beginning on the date of the commencement of such distribution, in each case except as part of such underwritten registration or pursuant to registrations
on Form S-4 or Form S-8, and in each case unless the underwriters managing the registered public offering otherwise agree. 
 4.5. Current Public Information. At all times after the Issuer has filed a registration statement with the Securities and Exchange Commission pursuant to the requirements of either the Securities Act or the Securities Exchange Act,
the Issuer will timely file all reports required to be filed by it under the Securities Act and the Securities Exchange Act and the rules and regulations adopted by the Securities and Exchange Commission thereunder, and will take such further action
as any holder or holders of Registrable Securities may reasonably request, all to the extent required to enable such holders to sell Registrable Securities pursuant to Rule 144 adopted by the Securities and Exchange Commission under the Securities
Act (as such rule may be amended from time to time) or any similar rule or regulation hereafter adopted by the Securities and Exchange Commission. 
  

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	5.	INDEMNIFICATION. 

 5.1. Indemnification by the Issuer. The Issuer agrees to indemnify and hold harmless, to the fullest extent permitted by law, each holder of Registrable Securities and, as applicable, its officers, directors, trustees, employees,
stockholders, holders of beneficial interests, members, and general and limited partners (collectively, “Indemnitees”) and each Person who controls such holder (within the meaning of the Securities Act) against any and all losses,
claims, damages, liabilities, joint or several, to which such holder or any such Indemnitee may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings, whether
commenced or threatened, in respect thereof) arise out of or are based upon (a) any untrue or alleged untrue statement of material fact contained in any registration statement, prospectus or preliminary prospectus or any amendment thereof or
supplement thereto, together with any documents incorporated therein by reference or, (b) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, and the
Issuer will reimburse such holder and each of its Indemnitees for any legal or any other expenses, including any amounts paid in any settlement effected with the consent of the Issuer, which consent will not be unreasonably withheld or delayed,
incurred by them in connection with investigating or defending any such loss, claim, liability, action or proceeding; provided, however, that the Issuer shall not be liable in any such case to the extent that any such loss, claim,
damage, liability (or action or proceeding in respect thereof) or expense arises out of or is based upon an untrue statement or alleged untrue statement, or omission or alleged omission, made in such registration statement, any such prospectus or
preliminary prospectus or any amendment or supplement thereto, or in any application, in reliance upon, and in conformity with, written information prepared and furnished to the Issuer by such holder expressly for use therein. In connection with an
underwritten offering, the Issuer will indemnify such underwriters, their officers and directors and each Person who controls such underwriters (within the meaning of the Securities Act) to the same extent as provided above with respect to the
indemnification of the holders of Registrable Securities. 
 5.2. Indemnification by Holders of Registrable Securities.
In connection with any registration statement in which a holder of Registrable Securities is participating, each such holder will furnish to the Issuer in writing such information and affidavits as the Issuer reasonably requests for use in
connection with any such registration statement or prospectus and, to the extent permitted by law, will indemnify and hold harmless the Issuer and its Indemnitees against any losses, claims, damages, liabilities, joint or several, to which the
Issuer or any such Indemnitee may become subject under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based
upon (a) any untrue or alleged untrue statement of material fact contained in the registration statement, prospectus or preliminary prospectus or any amendment thereof or supplement thereto or in any application, together with any documents
incorporated therein by reference or (b) any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue statement (or alleged
untrue statement) or omission (or alleged omission) is made in such registration statement, any such prospectus or preliminary prospectus or any amendment or supplement thereto, or in any application, in reliance upon and in conformity with written
information prepared and furnished to the Issuer by such holder expressly for use therein, and such holder will reimburse the Issuer and each such Indemnitee for

  

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any legal or any other expenses including any amounts paid in any settlement effected with the consent of such holder, which consent will not be unreasonably withheld or delayed, incurred by them
in connection with investigating or defending any such loss, claim, liability, action or proceeding; provided, however, that the obligation to indemnify will be individual (and not joint and several) to each holder and will be limited
to the net amount of proceeds received by such holder from the sale of Registrable Securities pursuant to such registration statement, less any other amounts paid by such holder in respect of such untrue statement, alleged untrue statement, omission
or alleged omission. 
 5.3. Procedure. Any Person entitled to indemnification hereunder will (a) give prompt
written notice to the indemnifying party of any claim with respect to which it seeks indemnification (provided, however, that the failure of any indemnified party to give such notice shall not relieve the indemnifying party of its
obligations hereunder, except to the extent that the indemnifying party is actually prejudiced by such failure to give such notice), and (b) unless in such indemnified party’s reasonable judgment a conflict of interest between such
indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying
party will not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent will not be unreasonably withheld or delayed). An indemnifying party who is not entitled to, or elects not to, assume
the defense of a claim will not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party a
conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. 
 5.4. Entry of Judgment; Settlement. The indemnifying party shall not, except with the approval of each indemnified party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term
thereof the giving by the claimant or plaintiff to each indemnified party of a release from all liability in respect to such claim or litigation without any payment or consideration provided by such indemnified party. 
 5.5. Contribution. If the indemnification provided for in this Section 5 is unavailable to or is insufficient to hold harmless
an indemnified party under the provisions above in respect of any losses, claims, damages or liabilities referred to therein, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of such
losses, claims, damages or liabilities (a) in such proportion as is appropriate to reflect not only the relative benefits received by the Issuer on the one hand and the sellers of Registrable Securities and any other sellers participating in
the registration statement on the other hand from the sale of Registrable Securities pursuant to the registered offering of securities as to which indemnity is sought but also the relative fault of the indemnified party and the indemnifying party as
well as any other relevant equitable considerations or (b) if the allocation provided by clause (a) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in
clause (a) above but also the relative fault of the Issuer on the one hand and of the sellers of Registrable Securities and any other sellers participating in the registration statement on the other hand in connection with the statement or
omissions which resulted in such losses, claims, damages or liabilities, as well as any other

  

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relevant equitable considerations. The relative benefits received by the Issuer on the one hand and the sellers of Registrable Securities and any other sellers participating in the registration
statement on the other hand shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting expenses) to the Issuer bear to the total net proceeds from the offering (before deducting expenses) to the
sellers of Registrable Securities and any other sellers participating in the registration statement. The relative fault of the Issuer on the one hand and of the sellers of Registrable Securities and any other sellers participating in the
registration statement on the other hand shall be determined by reference to, among other things, whether the untrue or alleged omission to state a material fact relates to information supplied by the Issuer or by the sellers of Registrable
Securities or other sellers participating in the registration statement and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 
 The Issuer and the sellers of Registrable Securities agree that it would not be just and equitable if contribution pursuant to this Section 5 were
determined by pro rata allocation (even if the sellers of Registrable Securities were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in the
immediately preceding paragraph. The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations
set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 5, no seller of Registrable
Securities shall be required to contribute any amount in excess of the net proceeds received by such Seller from the sale of Registrable Securities covered by the registration statement filed pursuant hereto, less any other amounts paid by such
holder in respect of such untrue statement, alleged untrue statement, omission, or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act or any similar securities law)
shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 
 5.6. Other
Rights. The indemnification and contribution by any such party provided for under this Agreement shall be in addition to any other rights to indemnification or contribution which any indemnified party may have pursuant to law or contract and
will remain in full force and effect regardless of any investigation made or omitted by or on behalf of the indemnified party or any officer, director or controlling Person of such indemnified party and will survive the transfer of securities.

  

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	6.	OTHER RIGHTS. 

 6.1. Information Rights. 
 6.1.1. Historical Financial Information. To the extent
permitted by applicable laws, Luxco and/or Dutchco as Bain may request will furnish to Bain (including Fund IX and Fund IX Coinvestment) the following information so long as Bain owns securities of Luxco: 
 (a) As soon as available, and in any event within 120 days after the end of each fiscal year of Dutchco (or, if earlier, not
later than 15 days prior to the date by which Bain (or its controlling Affiliate(s)) reasonably believes it is required to file (including to maintain any relevant eligibility) with the Securities Commission financial statements that incorporate or
include the results of Dutchco and its Subsidiaries for such fiscal year-end), the audited consolidated balance sheet of Dutchco and its Subsidiaries as at the end of each such fiscal year and the audited consolidated statements of income, cash
flows and changes in securityholders’ equity for such year of Dutchco and its Subsidiaries, setting forth in each case in comparative form the figures for the next preceding fiscal year, accompanied by the report of independent certified public
accountants of recognized national standing, to the effect that, except as set forth therein, such consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles
(“GAAP”) applied on a basis consistent with prior years and fairly present in all material respects the financial condition of Dutchco and its Subsidiaries as of the dates thereof and the results of their operations and changes in
their cash flows and securityholders’ equity for the periods covered thereby. 
 (b) As soon as available,
and in any event within 60 days after the end of each fiscal quarter (other than the fourth fiscal quarter) of Dutchco (or, if earlier, not later than 15 days prior to the date by which Bain (or its controlling Affiliate(s)) reasonably believes it
is required to file (including to maintain any relevant eligibility) with the Securities Commission financial statements that incorporate or include the results of Dutchco and its Subsidiaries for such fiscal quarter), the consolidated balance sheet
of Dutchco and its Subsidiaries as at the end of such quarter and the consolidated statements of income, cash flows and changes in securityholders’ equity for such quarter and the portion of the fiscal year then ended of Dutchco and its
Subsidiaries, setting forth in each case the figures for the corresponding periods of the previous fiscal year in comparative form, all in reasonable detail and all prepared in accordance with GAAP consistently applied. 
 (c) As soon as available, and in any event within 30 days after the end of each month (other than the last month of a fiscal
quarter), the consolidated balance sheet of Dutchco and its Subsidiaries as at the end of such month and the consolidated statements of income, cash flows for such month and the portion of the fiscal year then ended of Dutchco and its Subsidiaries
(to the extent prepared by Dutchco or its operating Subsidiary), setting forth in each case the figures for the corresponding periods of the previous fiscal year in comparative form, all in reasonable detail. 
 6.1.2. Tax Information. Within 120 days after the end of each fiscal year, Luxco shall cause to be delivered to Bain
all information necessary for the preparation of Bain’s income tax returns (whether federal, state or foreign). 
  

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 6.1.3. Access. 
 (a) General. So long as Bain owns securities of Luxco, to the extent permitted by applicable laws, Bain (including
Fund IX and Fund IX Coinvestment) shall have the right to (i) inspect, during normal business hours upon reasonable advance notice to Luxco and its Subsidiaries, as applicable, and without unreasonably interfering with Luxco’s and the
Subsidiaries’, as applicable, normal business operations, such of Luxco’s and its Subsidiaries’ facilities, records, files and other information as it may reasonably request and (ii) meet with Luxco’s and its
Subsidiaries’ officers, other management personnel, and outside accountants to obtain such information regarding Luxco and its Subsidiaries and their respective businesses and prospects as it may reasonably request. 
 (b) VCOC Members. Each Affiliated Fund of Bain that directly or indirectly has an interest in Luxco, in each case that
is intended to qualify as a “venture capital operating company” as defined in the United States Department of Labor Regulations Section 2510.3-101 et.seq. (the “Plan Asset Regulations”), including for the avoidance of
doubt, each of Fund IX and Fund IX Coinvest (each, a “VCOC Member”), for so long as the VCOC Member, directly or through one or more conduit Subsidiaries, continues to hold any securities of Luxco (without limitation or prejudice of
any the rights provided to the Securityholders hereunder), Luxco shall, with respect to each such VCOC Member: 
 (i) To the extent not otherwise provided in this Agreement, provide such VCOC Member or its designated representative with: 
  

	 	(a)	the right to visit and inspect any of the offices and properties of Luxco and its Subsidiaries and inspect and copy the books and records of Luxco and its Subsidiaries,
as the VCOC Member shall reasonably request; 

  

	 	(b)	to the extent Luxco (or its Subsidiaries) is required by law or pursuant to the terms of any outstanding indebtedness of Luxco to prepare certain reports, any annual
reports, quarterly reports, and other periodic reports pursuant to Section 13 or 15(d) of the Exchange Act actually prepared by Luxco (or its Subsidiaries) as soon as available; and 

  

	 	(c)	copies of all materials provided to the Parent Board, provided that Luxco shall be entitled to exclude portions of such materials to the extent providing such portions
would be reasonably likely to result in the waiver of attorney-client privilege. 

  

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 (ii) Make appropriate officers of Luxco and its Subsidiaries available
periodically and at such times as reasonably requested by the VCOC Member for consultation with the VCOC Member or its designated representative with respect to matters relating to the business and affairs of Luxco and its Subsidiaries, including
significant changes in management personnel and compensation of employees, introduction of new lines of business, important acquisitions or dispositions of plants and equipment, significant research and development programs, the purchasing or
selling of important trademarks, licenses or concessions, or the proposed commencement or compromise of significant litigation; 
 (iii) To the extent consistent with applicable law (and with respect to events which require public disclosure, only following Luxco’s public disclosure thereof through applicable securities law
filings or otherwise), inform the VCOC Member or its designated representative in advance with respect to any significant corporate actions, including extraordinary dividends, mergers, acquisitions or dispositions of assets, issuances of significant
amounts of debt or equity and material amendments to the organizational documents of Luxco, and to provide the VCOC Member or its designated representative with the right to consult with Luxco with respect to such actions; and 
 (iv) Provide the VCOC Member or its designated representative with such other rights of consultation which the VCOC
Member’s counsel may determine to be reasonably necessary under applicable legal authorities to qualify its investment in Luxco as a “venture capital investment” for purposes of the Plan Asset Regulations. 
 Luxco agrees to consider the recommendations of the VCOC Member or its designated representative in connection with the matters on which it
is consulted as described above, recognizing that the ultimate discretion with respect to all such matters shall be retained by Luxco. 
 6.2. Expenses; Indemnity. Luxco and its Subsidiaries, jointly and severally, will pay, and will indemnify, exonerate and hold each holder of Registrable Securities and, as applicable, its Indemnitees free and harmless from and
against any and all liability for payment of, the out-of-pocket expenses (including reasonable attorneys’ fees and expenses) incurred by the Indemnitees or any of them before or after the date of this Agreement, in connection with:
(a) negotiation and execution of this Agreement and the other agreements entered into by the Indemnitees in connection with the Acquisition (the “Transaction Agreements”), (b) any

  

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amendments or waivers (whether or not the same become effective) under or in respect of this Agreement, the other Transaction Agreements, or the Articles, and (c) the interpretation of, and
enforcement of the rights granted under, this Agreement, the other Transaction Agreements, or the Articles. If and to the extent that the foregoing undertaking may be unavailable or unenforceable for any reason, Luxco and its Subsidiaries, jointly
and severally, hereby agree to make the maximum contribution to the payment and satisfaction of each of the foregoing indemnified liabilities that is permissible under applicable law. The rights of any Indemnitee to indemnification in this
Section 6.2 will be in addition to any other rights any such Person may have under this agreement, any other agreement or instrument referenced above or any other agreement or instrument to which such Indemnitee is or becomes a party or is or
otherwise becomes a beneficiary or under law or regulation. 
 6.3. Parent as Manager of Luxco; Election of Bain
Directors. 
 6.3.1. Actions. From and after the date of this Agreement and until the provisions of
this Section 6.3 cease to be effective, Bain shall vote any and all voting securities of the Parent or Luxco over which Bain has voting control and shall take all other necessary or desirable actions within its control (whether in its capacity
as a holder of securities, director or officer of Parent or Luxco or otherwise, and including, without limitation, attendance at meetings in person or by proxy for purposes of obtaining a quorum, execution of written consents in lieu of meetings,
and voting its ordinary shares, if any, of Dutchco), and each of Parent and Luxco shall take all necessary and desirable actions within its control (including, without limitation, calling special board and securityholder meetings, and voting their
shares in the Dutchco and its Subsidiaries), in order to give effect to the provisions of this Section 6.3. 
 6.3.2. Board Size; Bain Directors. So long as Bain (i) owns any Securities of Luxco and (ii) Luxco, Bain, the other non-employee shareholders of Luxco as of the date hereof, and their respective affiliates, when taken
together, continue to own at least 50% of the outstanding ordinary shares of Dutchco: 
 (a) Bain shall determine
the size of the Parent Board, the Dutchco Board, and the U.S. Company Board;; 
 (b) Bain shall have the right to
designate each director of the Parent Board, the Dutchco Board, and the U.S. Company Board, and any such designee of Bain shall be elected to the Parent Board, the Dutchco Board, or the U.S. Company Board, as applicable (each, a “Bain
Director”), subject to the rights of any other Person to designate directors to such boards pursuant to this Agreement (including, for the avoidance of doubt, the rights of Fund IX and Fund IX Coinvestment set forth immediately below), the
Securityholders Agreement, or applicable law; 
 (c) Fund IX shall have the right to designate one representative
to be elected to each of the Parent Board, the Dutchco Board, and the U.S. Company Board, which such designee(s) shall be elected to the Parent Board, the Dutchco Board, and the U.S. Company Board; and 
  

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 (d) Fund IX Coinvestment shall have the right to designate one
representative to be elected to each of the Parent Board, the Dutchco Board, and the U.S. Company Board, which such designee(s) shall be elected to the Parent Board, the Dutchco Board, and the U.S. Company Board. 
 6.3.3. Removal. With respect to any Person entitled to designate a director pursuant to Section 6.3.3, the
directors appointed by such Person shall be removed from the Parent Board, the Dutchco Board, and/or the U.S. Company Board (with or without cause) at the written request of such Person and only upon such written request and under no other
circumstances (except as otherwise required by law). 
 6.3.4. Expenses; Etc. Parent or the Dutchco, as
applicable, shall pay (or cause to be paid) the reasonable out-of-pocket expenses incurred by any Bain Director in connection with attending meetings of the Parent Board, the Dutchco Board and the U.S. Company Board, as applicable, subject to
reasonable documentation of such expenses in accordance with the Parent’s, Dutchco’s, and the U.S. Company’s policies. The organizational documents of Parent, Dutchco, and the U.S. Company shall provide for indemnification of
directors to the fullest extent of the law. All Bain Directors will be entitled to the benefit of director and officer liability insurance and other director indemnification protections in quality and scope at least as favorable as those applicable
to the other members of the Parent Board, the Dutchco Board, and the U.S. Company Board. Without the prior written consent of Bain, none of the Parent, the Dutchco, or the U.S. Company shall alter, modify or amend such indemnification and
exculpatory provisions in any manner that would reasonably be expected to adversely affect the rights of any director nominated by Bain in his or her capacity as a director from and after the Closing. The parties acknowledge and agree that each of
the foregoing directors of Parent, Dutchco, and the U.S. Company shall be deemed to be a direct and irrevocable third party beneficiary of the agreements and covenants set forth in this Section 6.3.5, with the right to enforce such agreements
and covenants as fully as if each such director was a party to this Agreement. 
  

	7.	DEFINITIONS. 

 “Affiliate” means, (a) with respect to any Person, (i) any other Person which directly or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, such Person
(for the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”), as used with respect to any Person, means the
possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise); provided, however, that
neither Luxco nor any of its subsidiaries shall be deemed an Affiliate of any of the Securityholders (and vice versa) and none of the Securityholders shall be deemed Affiliates of each other solely as a result of their relationship with respect to
Luxco, (ii) if such Person is an investment fund, any other investment fund the primary investment advisor to which is the primary investment advisor to such Person or an Affiliate thereof and (iii) if such Person is a natural Person, any
Family Member of such natural Person. 
  

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 “Affiliated Fund” shall mean, with respect to any specified Person, an
investment fund that is an Affiliate of such Person or an entity that is directly or indirectly wholly-owned by such Person or one or more of such funds (other than a portfolio company of any such fund). 
 “Agreement” shall have the meaning set forth in the Preface. 
 “Articles” means Luxco’s Articles of Association and the terms of the PECs and the CPECs, each as amended from time to
time in accordance with the terms thereof. 
 “Bain” shall have the meaning set forth in the Preface.

 “CCMPA” means Asia Opportunity Fund II, L.P., an exempted limited partnership formed under the laws of the
Cayman Islands, and AOF II Employee Co-Invest Fund, L.P., an exempted limited partnership formed under the laws of the Cayman Islands. 
 “CPECs” shall have the meaning set forth in the Recitals. 
 “Demand Notice” shall
have the meaning set forth in Section 1.2. 
 “Demand Registrations” shall have the meaning set forth in
Section 1.1. 
 “Dutchco” shall have the meaning set forth in the Preface. 
 “Dutchco Board” means the managing board of Dutchco. 
 “Dutchco Management Plans” means the 2006 Dutchco Management Option Plan and the 2006 Dutchco Management Securities
Purchase, in each case, along with any attachments thereto and any award agreements entered into pursuant to the terms thereof. 
 “Dutchco Registrable Securities” means (i) any Ordinary Shares of Dutchco issued to or otherwise acquired by Luxco or the Investors, and (ii) any equity securities issued or issuable directly or indirectly with
respect to any of the foregoing securities referred to in clause (i) by way of stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization or upon conversion
thereof. As to any particular securities constituting Dutchco Registrable Securities, such shares will cease to be Dutchco Registrable Securities when they have been (x) effectively registered under the Securities Act and disposed of in
accordance with the registration statement covering them, or (y) sold to the public pursuant to Rule 144 under the Securities Act or any similar law of a country other than the United States. For purposes of this Agreement, a Person will be
deemed to be a holder of Dutchco Registrable Securities whenever such Person has the right to acquire directly or indirectly such Dutchco Registrable Securities (upon conversion or exercise in connection with a transfer of securities or otherwise,
but disregarding any restrictions or limitations upon the exercise of such right), whether or not such acquisition has actually been effected. For purposes of Section 2.5 only, Dutchco Registrable Securities shall also include any Management
Dutchco Securities. 
 “Exchange Act” means the Securities Exchange Act of 1934 or any similar law of any
country other than the United States, each as amended, or any successor law then in force. 
  

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 “Family Member” means, with respect to any natural Person, such
Person’s spouse and descendants (whether or not adopted) and any trust, family limited partnership or limited liability company that is and remains at all times solely for the benefit of such Person’s spouse and/or descendants. 

“Fund IX” means Bain Capital Fund IX, L.P., an exempted limited partnership formed under the laws of the Cayman Islands.

 “Fund IX Coinvestment” means Bain Capital IX Coinvestment Fund, L.P., an exempted limited partnership formed
under the laws of the Cayman Islands. 
 “Holdco” shall have the meaning set forth in Section 7.2.

 “Indemnitees” shall have the meaning set forth in Section 5.1. 
 “Initial Public Offering” means, with respect to Luxco or Dutchco, the initial firm underwritten Public Offering registered
under the Securities Act (other than a registration statement on From S-4 or S-8 (or any successor or similar form under the Securities Act)). 
 “Investor” shall have the meaning set forth in the Preface. 
 “Issuer” means Luxco, with respect to any Public Offering by Luxco, and Dutchco, with respect to any Public Offering by Dutchco. 
 “Long-Form Registrations” shall have the meaning set forth in Section 1.1. 
 “Luxco” shall have the meaning set forth in the Preface. 
 “Luxco Management Plan” means the 2006 Luxco Management Securities Purchase, along with any attachments thereto and any award agreements entered into pursuant to the terms thereof. 
 “Luxco Registrable Securities” means (i) any Ordinary Shares of Luxco issued to or otherwise acquired by the
Investors, and (ii) any equity securities issued or issuable directly or indirectly with respect to any of the foregoing securities referred to in clause (i) by way of stock dividend or stock split or in connection with a combination of
shares, recapitalization, merger, consolidation or other reorganization or upon conversion thereof. As to any particular securities constituting Luxco Registrable Securities, such shares will cease to be Luxco Registrable Securities when they have
been (x) effectively registered under the Securities Act and disposed of in accordance with the registration statement covering them, or (y) sold to the public pursuant to Rule 144 under the Securities Act or any similar law of a country
other than the United States. For purposes of this Agreement, a Person will be deemed to be a holder of Luxco Registrable Securities whenever such Person has the right to acquire directly or indirectly such Luxco Registrable Securities (upon
conversion or exercise in connection with a transfer of securities or otherwise, but disregarding any restrictions or limitations upon the exercise of such right), whether or not such acquisition has actually been effected. For purposes of
Section 1.5 only, Luxco Registrable Securities shall also include any Other Investor Securities and Management Luxco Securities. 
  

 - 22 - 

 “Management Dutchco Securities” means (i) any Ordinary Shares of
Dutchco issued to or otherwise acquired by employees of Subsidiaries of Dutchco pursuant to the Dutchco Management Plans, including, without limitation, upon conversion of Dutchco’s deferred payment certificates into Ordinary Shares of Dutchco,
and (ii) any equity securities issued or issuable directly or indirectly with respect to any of the foregoing securities referred to in clause (i) by way of stock dividend or stock split or in connection with a combination of shares,
recapitalization, merger, consolidation or other reorganization or upon conversion thereof. As to any particular securities constituting Management Dutchco Securities, such shares will cease to be Management Dutchco Securities when they have been
(x) effectively registered under the Securities Act and disposed of in accordance with the registration statement covering them, or (y) sold to the public pursuant to Rule 144 under the Securities Act or any similar law of a country other
than the United States. For purposes of this Agreement, a Person will be deemed to be a holder of Management Dutchco Securities whenever such Person has the right to acquire directly or indirectly such Management Dutchco Securities (upon conversion
or exercise in connection with a transfer of securities or otherwise, but disregarding any restrictions or limitations upon the exercise of such right), whether or not such acquisition has actually been effected. 
 “Management Luxco Securities” means (i) any Ordinary Shares of Luxco issued to or otherwise acquired by employees of
Subsidiaries of Luxco pursuant to the Luxco Management Plan, including, without limitation, upon conversion of CPECs into Ordinary Shares of Luxco, and (ii) any equity securities issued or issuable directly or indirectly with respect to any of
the foregoing securities referred to in clause (i) by way of stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization or upon conversion thereof. As to any
particular securities constituting Management Luxco Securities, such shares will cease to be Management Luxco Securities when they have been (x) effectively registered under the Securities Act and disposed of in accordance with the registration
statement covering them, or (y) sold to the public pursuant to Rule 144 under the Securities Act or any similar law of a country other than the United States. For purposes of this Agreement, a Person will be deemed to be a holder of Management
Luxco Securities whenever such Person has the right to acquire directly or indirectly such Management Luxco Securities (upon conversion or exercise in connection with a transfer of securities or otherwise, but disregarding any restrictions or
limitations upon the exercise of such right), whether or not such acquisition has actually been effected. 
 “Ordinary
Shares” means, as it relates to Luxco, the Ordinary Shares of Luxco, par value €1.25 per share, and, as it relates to Dutchco, the Ordinary Shares of Dutchco, par value €0.01 per share. 
 “Other Investor” shall have the meaning set forth in the Preface. 
 “Other Investor Securities” means (i) any Ordinary Shares of Luxco issued to or otherwise acquired by CCMPA and
K&E Investment Partners, LP, a Delaware limited partnership, pursuant to the Subscription Agreement, including, without limitation, upon conversion of CPECs into Ordinary Shares of Luxco, and (ii) any equity securities issued or issuable
directly or indirectly with respect to any of the foregoing securities referred to in clause (i) by way of stock dividend or stock split or in connection with a combination of shares,

  

 - 23 - 

 
recapitalization, merger, consolidation or other reorganization or upon conversion thereof. As to any particular securities constituting Other Investor Securities, such shares will cease to be
Other Investor Securities when they have been (x) effectively registered under the Securities Act and disposed of in accordance with the registration statement covering them, or (y) sold to the public pursuant to Rule 144 under the
Securities Act or any similar law of a country other than the United States. For purposes of this Agreement, a Person will be deemed to be a holder of Other Investor Securities whenever such Person has the right to acquire directly or indirectly
such Other Investor Securities (upon conversion or exercise in connection with a transfer of securities or otherwise, but disregarding any restrictions or limitations upon the exercise of such right), whether or not such acquisition has actually
been effected. 
 “Parent” shall have the meaning set forth in the Preface. 
 “Parent Board” means the board of directors of Parent. 
 “Person” means an individual, a partnership, a joint venture, a corporation, a limited liability company, a trust, an
unincorporated organization and a government or any department or agency thereof. 
 “Piggyback Registration”
shall have the meaning set forth in Section 3.1. 
 “Public Offering” means a public offering and sale of
Common Stock pursuant to an effective registration statement under the Securities Act. 
 “Purchase Agreement”
shall have the meaning set forth in the Recitals. 
 “Registrable Securities” means Luxco Registrable
Securities or Dutchco Registrable Securities, as applicable. 
 “Registration Expenses” shall have the meaning
set forth in Section 4.2. 
 “Securities Act” means the Securities Act of 1933 or any similar law of any
country other than the United States, each as amended, or any successor law then in force. 
 “Securities and Exchange
Commission” includes any governmental body or agency responsible for administering federal securities laws in the United States or the equivalent body of any other country. 
 “Securities Exchange Act” means the Securities Exchange Act of 1934 or any similar law of any country other than the United
States, each as amended, or any successor law then in force. 
 “Securityholders Agreement” means that certain
Securityholders Agreement, dated as of the date hereof, by and among Parent, Luxco, Dutchco, Bain, and CCMPA. 
 “Securityholders” shall have the meaning set forth in the Preface. 
 “Series 1 PECs”
shall have the meaning set forth in the Recitals. 
  

 - 24 - 

 “Shelf Registration” shall have the meaning set forth in Section 1.4.

 “Short-Form Registrations” shall have the meaning set forth in Section 1.1. 
 “Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association, or
other business entity of which (i) if a corporation, a majority of the total voting power of securities entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the
time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company, partnership, association or other business entity, a
majority of the limited liability company, partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof. For
purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such Person or Persons shall be allocated a majority of limited liability
company, partnership, association or other business entity gains or losses or shall be or control the managing director or general partner of such limited liability company, partnership, association or other business entity. 
 “Transaction Agreements” shall have the meaning set forth in Section 6.2. 
 “U.S. Company” means Sensata Technologies, Inc., a Delaware corporation. 
 “U.S. Company Board” means the board of directors of the U.S. Company. 
 “VCOC Member” shall have the meaning set forth in Section 6.1.3(b). 
  

	8.	MISCELLANEOUS. 

 8.1. No Inconsistent Agreements; Foreign Registration. Luxco will not hereafter enter into any agreement with respect to its securities which is inconsistent with or violates the rights granted to the holders of Registrable
Securities in this Agreement. In the event the Board and Bain approve a Public Offering or a sale of the securities of Luxco or Dutchco pursuant to the securities laws of a country other than the United States of America, the Board shall have the
power to amend this Agreement in such manner as it shall deem reasonably necessary to ensure that the provisions of this Agreement will apply in a substantial manner to any offering or sale under such foreign securities laws. 
 8.2. Adjustments Affecting Luxco Registrable Securities. Luxco will not take any action, or permit any change to occur, with respect
to its securities which would materially and adversely affect the ability of the holders of Luxco Registrable Securities to include such Luxco Registrable Securities in a registration undertaken pursuant to this Agreement or which would adversely
affect the marketability of such Luxco Registrable Securities in any such registration (including, without limitation, effecting a stock split or a combination of shares). If the holders of Luxco Registrable Securities create a new holding company
(“Holdco”), the result of which is that the stockholders of Luxco immediately before such event become all the stockholders of Holdco, then in each instance the provisions of this Agreement will, in addition to applying to Luxco,
also apply to Holdco in the same manner as if Holdco were substituted for Luxco throughout this Agreement. 
  

 - 25 - 

 8.3. Remedies. The parties hereto agree and acknowledge that money damages may not be
an adequate remedy for any breach of the provisions of this Agreement and that, in addition to any other rights and remedies at law or in equity existing in its favor, any party shall be entitled to specific performance and/or other injunctive
relief from any court of law or equity of competent jurisdiction (without posting any bond or other security) in order to enforce or prevent violation of the provisions of this Agreement. 
 8.4. Amendment and Waiver. Except as otherwise provided herein, the provisions of this Agreement may be amended or waived only upon
the prior written consent of Luxco and Bain Capital Partners, LLC, a Delaware limited liability company, on behalf of Bain; provided that Section 6.1.3(b) or Section 6.3.2(c) or (d) may not be amended without the prior written consent
of any VCOC Member adversely affected thereby. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce
each and every provision of this Agreement in accordance with its terms. 
 8.5. Successors and Assigns; Transferees.
This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns. In addition, and whether or not any express assignment shall have been made, the provisions of
this Agreement which are for the benefit of the holders of Registrable Securities (or any portion thereof) as such shall be for the benefit of and enforceable by any subsequent holder of any Registrable Securities (or of such portion thereof),
subject to the provisions respecting the minimum numbers or percentages of shares of Registrable Securities (or of such portion thereof) required in order to be entitled to certain rights, or take certain actions, contained herein. 
 8.6. Severability. 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 is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect
any other provision or the effectiveness or validity of any provision in any other jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been
contained herein. 
 8.7. Counterparts. This Agreement may be executed in separate counterparts, each of which shall be
an original and all of which taken together shall constitute one and the same Agreement. 
 8.8. Descriptive Headings.
The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. 
 8.9. Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall be deemed given, delivered, and effective on the earliest of (i) the date of
transmission, if such notice or communication is delivered via facsimile at the facsimile telephone number specified in this Section 8.9 prior to

  

 - 26 - 

 
5:00 p.m. (New York time) on a Business Day, (ii) the Business Day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile telephone
number specified in this Agreement later than 5:00 p.m. (New York time) on any Business Day and earlier than 11:59 p.m. (New York time) on such day, (iii) one (1) Business Day after when sent, if sent by nationally recognized overnight
courier service (charges prepaid), or (iv) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and communications shall be as follows: 
 To Luxco: 
 Sensata Investment Company S.C.A. 
 5, Parc d’Activité Syrdall 
 L-5365 Munsbach 
 Luxembourg 
 Attention:    Mrs. Ailbhe Jennings 
 Telephone No.: 352-0-2615-7232 
 Facsimile No.: 352-0-2615-7222 
 with a copy (which shall not constitute notice)
to Bain and to: 
 Kirkland & Ellis LLP 
 300 North LaSalle 
 Chicago, Illinois 60654 
 Attention:    Jeffrey C. Hammes, P.C. 
  Matthew E. Steinmetz, P.C. 
  Jeffrey W. Richards, P.C. 
 Telephone No.: 312-862-2000 
 Facsimile No.: 312-862-2200 
 To Dutchco: 
 Sensata Technologies Holding N.V. 
 c/o Sensata Technologies, Inc. 
 529 Pleasant Street 
 Attleboro, Massachusetts, 02703 
 Attention:    Chief Financial Officer 
 Telephone No.:
(508) 236-3800 
 Facsimile No.: [            ] 
 with a copy (which shall not constitute notice) to Bain and to: 
 Kirkland & Ellis LLP 
 300 North LaSalle 
 Chicago, Illinois 60654 
 Attention:    Jeffrey C. Hammes, P.C. 
  Matthew E. Steinmetz, P.C. 
  Jeffrey W. Richards, P.C. 
 Telephone No.: 312-862-2000 
 Facsimile No.: 312-862-2200 
  

 - 27 - 

 To Parent: 
 Sensata Management Company S.A. 
 5, Parc d’Activité Syrdall 
 L-5365 Munsbach 
 Luxembourg 
 Attention:    Mrs. Ailbhe Jennings 
 Telephone No.: 352-0-2615-7232 
 Facsimile No.: 352-0-2615-7222 
 with a copy (which shall not constitute notice) to Bain and to: 
 Kirkland & Ellis LLP 
 300 North LaSalle 
 Chicago, Illinois 60654 
 Attention:    Jeffrey C. Hammes, P.C. 
  Matthew E. Steinmetz, P.C. 
  Jeffrey W. Richards, P.C. 
 Telephone No.: 312-862-2000 
 Facsimile No.: 312-862-2200 
 To Bain: 
 c/o Bain Capital Partners, LLC 
 745 Fifth Avenue 
 New York, New York 10151 
 Attention:    Paul Edgerley 
  Stephen M. Zide 
 Telephone No.: 212-326-9420 
 Facsimile No.: 212-421-2225 
 and, if to Bain Capital Fund VIII-E, L.P., to: 
 Bain Capital Fund VIII-E, L.P. 
 Devonshire House 6th floor, Mayfair Place 
 London, England W1J 8AJ 
 Attention:    Walid Sarkis 
 Telephone No.: 44 (20) 7514-5252 
 Facsimile No.: 44 (20) 7514-5250

  

 - 28 - 

 and, if to any of Prospect Harbor Credit Partners, L.P., Sankaty Credit 
 Opportunities, L.P., Sankaty Credit Opportunities II, L.P., and Sankaty High 
 Yield Partners III, L.P., to: 
 c/o Sankaty Advisors, LLC 
 111 Huntington Avenue 
 Boston, MA 02119 
 Attention:    Jonathan Lavine 
 Telephone No.: 617-516-2000 
 Facsimile No.: 617-516-2010 
 and, if to Brookside Capital Partners Fund, L.P., to: 
 Brookside Capital Partners
Fund, L.P. 
 c/o Brookside Capital, LLC 
 111 Huntington Avenue 
 Boston, MA 02119 
 Attention:    Domenic Ferrante 
 Telephone No.: 617-516-2000 
 Facsimile No.: 617-516-2010 
 and, in any event, with a copy (which shall not constitute notice) to: 
 Kirkland & Ellis LLP 
 300 North LaSalle 
 Chicago, Illinois 60654 
 Attention:    Jeffrey C. Hammes, P.C. 
  Matthew E. Steinmetz, P.C. 
  Jeffrey W. Richards, P.C. 
 Telephone No.: 312-862-2000 
 Facsimile No.: 312-862-2200 
 To Other Investor: 
 K&E Investment Partners, LP 
 300 North LaSalle 
 Chicago, Illinois 60654 
 Attention:    Nuala Murray 
 Telephone No.: 312-862-2000 
 Facsimile No.: 312-862-2200 
 8.10. Delivery by Facsimile. This Agreement and any signed agreement or instrument entered into in connection herewith or
contemplated hereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine, shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the
same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each other party hereto or thereto shall re-execute original forms thereof
and deliver them to all other parties. No party

  

 - 29 - 

 
hereto or to any such agreement or instrument shall raise the use of a facsimile machine to deliver a signature or the fact that any signature or agreement or instrument was transmitted or
communicated through the use of a facsimile machine as a defense to the formation of a contract and each such party forever waives any such defense. 
 8.11. Governing Law. The corporate law of Delaware will govern all issues concerning the relative rights of Luxco and its Securityholders. All other issues concerning this agreement shall be
governed by and construed in accordance with the laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the
application of the law of any jurisdiction other than the State of New York. 
 *    *    *    * 
  

 - 30 - 

 IN WITNESS WHEREOF, the parties hereto have executed this First Amended and Restated
Investor Rights Agreement as of the day and year first above written. 
  

			
	PARENT:
	
	SENSATA MANAGEMENT COMPANY S.A.
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	LUXCO:
	
	SENSATA INVESTMENT COMPANY S.C.A.
		
	By:	 	Sensata Management Company S.A.
	Its:	 	Manager
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	DUTCHCO:
	
	SENSATA TECHNOLOGIES HOLDING N.V.
		
	By:	 	  

	Name:	 	
	Its:	 	

 Signature Page to the First Amended and Restated Investor Rights Agreement 

			
	BAIN:
	
	BAIN CAPITAL FUND VIII, L.P.
		
	By:	 	Bain Capital Partners VIII, L.P.
	Its:	 	General Partner
		
	By:	 	Bain Capital Investors, LLC
	Its:	 	General Partner
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	BAIN CAPITAL VIII COINVESTMENT FUND, L.P.
		
	By:	 	Bain Capital Partners VIII, L.P.
	Its:	 	General Partner
		
	By:	 	Bain Capital Investors, LLC
	Its:	 	General Partner
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	BAIN CAPITAL FUND VIII-E, L.P.
		
	By:	 	Bain Capital Partners VIII-E, L.P.
	Its:	 	General Partner
		
	By:	 	Bain Capital Investors, LLC
	Its:	 	General Partner
		
	By:	 	  

	Name:	 	
	Its:	 	

  

 Signature Page to the First Amended and Restated Investor Rights Agreement

			
	BAIN CAPITAL FUND IX, L.P.
		
	By:	 	Bain Capital Partners IX, L.P.
	Its:	 	General Partner
		
	By:	 	Bain Capital Investors, LLC
	Its:	 	General Partner
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	BAIN CAPITAL IX COINVESTMENT FUND, L.P.
		
	By:	 	Bain Capital Partners IX, L.P.
	Its:	 	General Partner
		
	By:	 	Bain Capital Investors, LLC
	Its:	 	General Partner
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	BROOKSIDE CAPITAL PARTNERS FUND, L.P.
		
	By:	 	  

	Name:	 	
	Its:	 	

  

 Signature Page to the First Amended and Restated Investor Rights Agreement

			
	PROSPECT HARBOR CREDIT PARTNERS, L.P.
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	SANKATY CREDIT OPPORTUNITIES, L.P.
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	SANKATY CREDIT OPPORTUNITIES II, L.P.
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	SANKATY HIGH YIELD PARTNERS III, L.P.
		
	By:	 	  

	Name:	 	
	Its:	 	

  

 Signature Page to the First Amended and Restated Investor Rights Agreement

			
	BCIP ASSOCIATES III
		
	By:	 	Bain Capital Investors, LLC
	Its:	 	Managing General Partner
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	BCIP ASSOCIATES III-B
		
	By:	 	Bain Capital Investors, LLC
	Its:	 	Managing General Partner
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	BCIP TRUST ASSOCIATES III
		
	By:	 	Bain Capital Investors, LLC
	Its:	 	Managing General Partner
		
	By:	 	  

	Name:	 	
	Its:	 	
	
	BCIP TRUST ASSOCIATES III-B
		
	By:	 	Bain Capital Investors, LLC
	Its:	 	Managing General Partner
		
	By:	 	  

	Name:	 	
	Its:	 	

  

 Signature Page to the First Amended and Restated Investor Rights Agreement

			
	BCIP ASSOCIATES-G
		
	By:	 	Bain Capital Investors, LLC
	Its:	 	Managing General Partner
		
	By:	 	  

	Name:	 	
	Its:	 	

  

 Signature Page to the First Amended and Restated Investor Rights Agreement

			
	OTHER INVESTORS:
	
	K&E INVESTMENT PARTNERS, LP
		
	By:	 	K&E Investment Management, LLC
	Its:	 	General Partner
		
	By:	 	  

	Name:	 	
	Its:	 	

  

 Signature Page to the First Amended and Restated Investor Rights Agreement

 Schedule of Holders 
 SENSATA INVESTMENT COMPANY S.C.A. 
  

							
	 Investor
	  	Series 1 PECs	  	CPECs	  	Ordinary Shares
				
	 Bain:
	  		  		  	
				
	 Bain Capital Fund VIII, L.P.
	  	108,963,504	  	30,558,675	  	174,621
				
	 Bain Capital VIII Coinvestment Fund, L.P.
	  	33,609,888	  	9,425,850	  	53,862
				
	 Bain Capital Fund VIII-E, L.P.
	  	50,911,536	  	14,278,075	  	81,589
				
	 Bain Capital Fund IX, L.P.
	  	180,178,128	  	50,530,725	  	288,747
				
	 Bain Capital IX Coinvestment Fund, L.P.
	  	12,218,544	  	3,426,675	  	19,581
				
	 Brookside Capital Partners Fund, L.P.
	  	39,257,088	  	11,009,600	  	62,912
				
	 Prospect Harbor Credit Partners, L.P.
	  	1,002,144	  	281,050	  	1,606
				
	 Sankaty Credit Opportunities, L.P.
	  	1,002,144	  	281,050	  	1,606
				
	 Sankaty Credit Opportunities II, L.P.
	  	2,755,584	  	772,800	  	4,416
				
	 Sankaty High Yield Partners III, L.P.
	  	250,224	  	70,175	  	401
				
	 BCIP Associates III
	  	9,640,800	  	2,703,750	  	15,450
				
	 BCIP Trust Associates III
	  	1,925,040	  	539,875	  	3,085
				
	 BCIP Associates III-B
	  	781,248	  	219,100	  	1,252
				
	 BCIP Trust Associates III-B
	  	91,104	  	25,550	  	146
				
	 BCIP Associates-G
	  	84,864	  	23,800	  	136
				
	 Other Investors:
	  		  		  	
				
	 K&E Investment Partners, L.P.
	  	751,296	  	210,700	  	1,204Joint Development and Exclusive Supply Agreement

 Exhibit 10.54 
 JOINT DEVELOPMENT AND EXCLUSIVE SUPPLY AGREEMENT 
 BETWEEN

 MEASUREMENT SPECIALTIES, INC. 
 AND 
 TEXAS INSTRUMENTS INCORPORATED 
 Parties and Effective Date 
 This agreement,
between Texas Instruments Incorporated, Automotive Sensors & Controls, of Attleboro MA (TI) and Measurement Specialties, Inc. of Fairfield NJ (MSI) shall have an effective date of 01 July 98. 
 Background 
 MSI is engaged in the design,
development, engineering, and manufacture of microfused strain gage sensor elements and completed pressure sensors used in the commercial and industrial markets. 
 TI is engaged in the design, development, engineering and manufacture of pressure sensors using solid state technology and processes for the automotive, commercial and industrial markets. 
 Purpose 
 TI and MSI desire to establish a
cooperative relationship to design and develop the next generation pressure sensors for high volume automotive applications, with the first focus being on the emerging small form factor brake pressure transducer (BPT) market. The commercial
relationship at the outset will be one of joint development, but it is expected to evolve to a larger more complementary strategic alliance as the efforts provide a return on investment and as each party becomes more familiar with the competencies
of the other. 
 Scope of Project 
 This Agreement shall be performed in phases. Projects include the creation of pre-prototype, prototype and production Products incorporating piezoresistive transducers glass bonded to metal diaphragms (“Subassemblies”).

 TI will provide developmental funding and other appropriate resources to MSI in support of the BPT project, with progress payments being made
at agreed upon milestones. Under such an arrangement TI will have the exclusive right to use this technology on all automotive (passenger, light truck and sport utility vehicles) brake and transmission applications, with the potential to extend this
exclusivity to other automotive market segments as the business potential is better understood. Notwithstanding the above, should TI and MSI not have developed an active transmission program by December 31,1999 or should TI become inactive in
its efforts to develop transmission programs for a period of more than twelve (12) months, MSI shall have the right to reassess TI’s exclusivity for the transmission market subject to good faith discussions with TI which will take into
account market conditions for the product. 
  

 August 20, 1998 
 -1- 

 MSI will remain open to granting exclusivity to TI in other automotive market segments during the term of
this agreement to the extent possible, subject to MSI’s obligations with other customers with which work was begun prior to exclusivity between TI and MSI. TI shall have the right of first refusal to obtain exclusivity in the diesel common
rail, and direct gasoline injection automotive market segments. TI will have 30 days to negotiate this right after being informed by MSI of its intention to grant such exclusivity (the parties agree that such negotiations shall take into account
prior and projected funding by TI). TI may negotiate for exclusivity in other automotive segments as the opportunity arises. MSI will consider TI as a preferred party and will work with TI preferentially whenever possible as new market opportunities
arise. 
 Exclusivity will be based on TI continuing to remain committed to the program, providing an agreed upon level of NRE and purchasing
product as described in Attachment A. 
 NRE will be disbursed in progress payments when to-be-determined mutually agreed upon milestones are
achieved. In the event TI does not deliver NRE funding it can lose its exclusive status, but it will retain access to MSI Subassemblies at a to be agreed upon pricing. 
 In the event TI does not deliver the product purchases, at its option it can make payments as mutually agreed upon to offset the shortfall to maintain its exclusive status. 
 MSI will develop and fulfill a resource staffing plan commensurate with TI funding commitments and the required developmental efforts to be accomplished,
and it is expected MSI will continue to make appropriate staffing decisions as TI/market success increases. MSI agrees to provide periodic updates regarding resource staffing plans and allocations. 
 MSI will support development of these sensors and will set up to manufacture Subassemblies in support of TI forecasted volumes and at quality levels
suitable for automotive sensors. It is anticipated that MSI will supply a gaged and pretested sensor Subassembly with an option for statistical compensation. 
 The team’s goal is to develop Subassemblies (strain gages bonded to the metal front end) which meets TI’s $1.25 target price in calendar year 2001 volumes of 1 M units. It is understood that
this price will be downward trending over time. In the event it becomes evident that the target price will not be met, NRE funding can be suspended at TI’s sole discretion, and the parties agree to mutually re-evaluate the price target and
negotiate a continued relationship. TI also reserves the right, in the event the target price, quality or performance is not met, to terminate the agreement with no requirements for compensation to MSI except for the royalty payment hereinafter
described in this Agreement. 
 Each party will contribute its expertise (TI in analog circuitry, channel to market, application expertise, high
volume manufacturing, automotive product development, etc, and MSI in strain gage sensing know-how, and strain gage bonding, etc,) to the effort. 
  

 August 20, 1998 
 -2- 

 With the expectation that MSI’s development effort results in a Subassembly which will meet or beat the
above target price, meet or exceed the performance requirements in TI specification EX3584-25 as finally agreed upon and customer mandated specifications (nominally, the +/- 2.3% accuracy) or any ensuing changes in these specifications to which both
parties have agreed, and demonstrate suitable process capability, then TI agrees during the term of this agreement, or in any event not later than July 1, 2008, to source all (subject to the next paragraph) of its Subassembly requirements from
MSI for piezoresistive transducers glass bonded to metal diaphragms. 
 Should customer requirements dictate North American or European
manufacture of some Subassemblies, TI may manufacture a maximum of twenty percent (20%) of its Subassemblies provided that it pays quarterly to MSI a royalty of the lower of nine cents ($0.09) or seven percent (7%) of the Net Sales Price
of the lowest Subassembly price per Subassembly charged to TI by MSI in the quarter. In the event twenty percent (20%) is insufficient to support customers requirements, MSI agrees to renegotiate this share to allow TI to meet its
customers’ needs. In the event of an interruption of supply due to political reasons or acts of God or MSI’s inability to supply Subassemblies, TI may manufacture up to one hundred percent (100%) of its Subassemblies during the period
of interruption provided it pays the royalty. 
 Notwithstanding anything to the contrary above, if the contract should terminate for any
reason, if applicable, a royalty of the lower of nine cents ($0.09) per Subassembly or seven percent (7%) of the Net Sales Price attributable to the Subassemblies will be paid by TI to MSI for a period of seven years from the effective date of
this agreement. 
 Forecasted volumes, based on present day knowledge, of brake and transmission pressure transducers covered by this agreement
for the initial years of the agreement are projected in Attachment B. 
 TI remains open to the idea of MSI, or a joint TI/MSI effort, providing
some percentage of the finished product (i.e., “Sensor”) requirements to the automotive marketplace from China at a to be determined time. Notwithstanding the above, MSI agrees during the term of this Agreement in which there is an
exclusivity arrangement between the two Parties not to make and/or sell any air conditioning pressure sensing products for automotive applications. 
 Product Development Framework, Milestones 
 The phases of the project will follow TI’s New Product Development process,
with the schedule as follows: 
  

			
	 Phase
	  	Calendar Year
	 Development
	  	1998
	 Pilot
	  	1999
	 Pre-Launch
	  	1999
	 Production
	  	2000

  

 August 20, 1998 
 -3- 

 Patents and Inventions 
 All inventions, copyrightable material, or proprietary information made or developed solely by employees of one of the parties in performance under this Agreement shall be the sole property of the party
and that party shall retain the rights to file applications for and obtain patents and copyrights thereon. 
 All jointly developed technology
shall be jointly owned by TI and MSI. In this event the parties shall jointly agree which party shall have the responsibility for preparing and filing any patent applications(s) on the invention in the US and foreign countries, and the parties agree
that each will bear one-half of the actual out-of-pocket expenses associated with obtaining and maintaining such patents. 
 TI and MSI will
retain rights to intellectual properties held by the respective party prior to the date of this agreement. 
 Independent Development 

 Nothing in this agreement shall prevent either party from continuing its independent development of its own technologies, including technology
that is subject of this agreement. 
 Confidential Information 
 Confidential Information Agreement of February 3, 1998 (attached hereto as Attachment C) is incorporated herein except the term of such agreement is extended, if required, to include the term of this
Agreement. 
 Indemnification 
 MSI agrees to provide TI with patent indemnity protection with regard to MSI supplied Subassemblies to be delivered pursuant to this agreement. 
 Termination 
 This Agreement shall have an initial term until July 1, 2008, unless
terminated as otherwise provided herein. Thereafter, the term of this Agreement shall run on a year-to-year basis unless either Party notifies the other in writing at least three (3) months prior to termination or its intention to terminate the
Agreement. 
  

 August 20, 1998 
 -4- 

 Either party shall have the right to terminate this Agreement forthwith by written notice if the other
party: 
  

	 	a.	files a petition in any bankruptcy, insolvency or similar proceeding seeking relief from creditors under any federal or state bankruptcy law or if such a petition is
filed against such other party; or 

  

	 	b.	fails to comply with any material obligation to be performed by such other party under this Agreement and subsequently fails to cure such non-compliance within sixty
(60) days after receipt of notice of such non-compliance. 

 Upon the termination of this Agreement for any reason
whatsoever, all rights of the parties under, or in any manner to any extent attributable to, this agreement shall cease and terminate unless otherwise set forth in this agreement. In no event or circumstance shall either party be liable to the other
for any loss or damage of any kind or character whatsoever on account, or by reason of, or which is attributable in any manner or to any extent to, the termination of this Agreement, but each party shall remain liable to the other for the payment of
any indebtedness then owing and for all damages, losses, costs and expenses suffered or incurred by either party as a result of the other party’s breach of any of its duties or obligations under this agreement. 
 Delegation and Assignment 
 Neither party
shall delegate any of its duties under this agreement nor assign any of its rights hereunder without the prior written approval of the other party except where the delegation/assignment occurs within the scope of a corporate reorganization or the
sale of any significant portion of the business activity of the delegating/assigning party of which this Agreement is a part. 
 Notices 

 Any notice required to be sent pursuant to this Agreement shall be deemed to have been given when delivered by certified mail, postage
prepaid, and addressed to the parties as follows: 
  

							
	If to:	 	 Measurement Specialties, Inc.
 80 Little Falls Rd.
 Fairfield, NJ 07004
 Attention: Chief Executive Officer
	  	 Copy to:
	  	  
  
  
 Attention: John Arnold, Esq.

	 	  	  
				
	If to:	 	 Texas Instruments Incorporated
 34 Forest Street, MS 23-01
 Attleboro, MA 02703
 Attention: Michael L. Downey
	  	Copy to:	  	 Texas Instruments Incorporated
 34 Forest Street, MS 20-21
 Attleboro, MA 02703
 Attention: M&C Legal Counsel

	 	  	  

  

 August 20, 1998 
 -5- 

 Governing Law and Arbitration 
 The parties will attempt to settle any claim or controversy arising out of this Agreement through consultation and negotiation in good faith and a spirit of mutual cooperation for a period of three
(3) months. If those attempts fail, then the dispute will be mediated by a mutually-acceptable mediator to be chosen by the parties within forty-five (45) days after written notice by either to the other demanding mediation. No party may
reasonably withhold consent to the selection of a mediator and the disputing parties will share the costs of the mediation equally. By mutual agreement, however, the parties may postpone mediation and engage in traditional litigation. 
 Unless otherwise agreed upon and as set forth above in this Agreement, any disputes relating to this Agreement, its breach or alleged breach, termination or
validity shall be governed by the laws of the Commonwealth of Massachusetts, except for its choice of law rules. 
 Modifications

 This Agreement shall not be changed or modified in any manner except by a written document signed by all parties. No oral agreement,
course of performance or other means other than a written document signed by all parties expressly providing for such waiver shall be deemed to waive the term of this section. 
 Miscellaneous Provisions 
 Neither Party shall, except as required by law, disclose the
terms of this Agreement without the prior consent of the other Party. 
 This Agreement shall be in English and may be signed in two or more
identical counterparts, either of which shall constitute the fully signed Agreement. 
 This Agreement, along with the Attachments hereto or
referred to thereof, is the entire Agreement between the Parties with respect to the subject matter hereof and supersedes all prior Agreements, understandings or representations between the Parties with respect to the subject matter hereof except
for any confidentiality or non-disclosure agreement. No alterations, modifications, interpretation or amendment of this Agreement shall be binding on the Parties unless in writing, designated as an amendment hereto and signed by each of the Parties.

 Neither Party in connection with the performance of this Agreement shall either directly or indirectly make, give or promise any payment or
other thing of value to any person for any purpose, or commit any other act which is unlawful under the laws of the United States, and, to the extent not inconsistent with the laws of the United States, the laws of any other applicable Jurisdiction.

 Neither Party is liable, either wholly or in part, for nonperformance or a delay in performance due to force majuere or contingencies or
causes beyond the reasonable control of either Party, including but not limited to, strikes, shortage of labor, fuel, raw material or machinery or technical or yield failure where either Party has exercised ordinary care in the prevention thereof.

  

 August 20, 1998 
 -6- 

 Neither Party shall be responsible to the other Party, in contract, tort or otherwise, for any special,
incidental or consequential damages whether or not caused by such Party’s negligence. 
 IN WITNESS WHEREOF, both Parties have caused this
Agreement to be duly executed effective as of the first date stated above. 
  

									
	 TEXAS INSTRUMENTS INCORPORATED
 MATERIALS AND CONTROLS
	 		 	MEASUREMENT SPECIALTIES, INC.
					
	By:	 	 /s/ Thomas K. Rowland
	 		 	By:	 	 /s/ Joseph R. Mallon, Jr.

	Name:	 	Thomas K. Rowland	 		 	Name:	 	Joseph R. Mallon, Jr.
	Title:	 	 Automotive Sensors & Controls
 North American Manager
	 		 	Title:	 	CEO
	Date:	 	8/20/98	 		 	Date:	 	8/20/98

  

 August 20, 1998 
 -7- 

 Attachment A - Minimum NRE and Product Purchases 
  

							
	 Calendar Year
	  	NRE Funding*	  	Product Purchase**
	 1998
	  	$	200,000	  		
	 1999
	  	$	250,000	  		
	 2000
	  	$	300,000	  		
	 2001
	  			  	$	1,000,000
	 2002
	  			  	$	2,000,000
	 2003
	  			  	$	3,000,000

 Then growth of 20% per year for three years, thereafter growth of 10% per year. 

 

	*	payable in progress payments upon to be determined milestones 

	**	includes amortized value of capital investments and purchase of samples 

  

 August 20, 1998 
 -8- 

 Attachment B - Anticipated Subassembly Volumes 
  

										
	 Volumes
	  	2000	  	2002	  	2004
	 Total Projected Global BPT Market, ku
	  	 	4800	  	 	9000	  	 	11700
	 Expected TI BPT volumes, ku
	  	 	100	  	 	2200	  	 	4500
	 Total Projected Global CVT Market, ku
	  	 	0	  	 	1000	  	 	5000
	 Expected TI CVT volumes, ku
	  	 	0	  	 	500	  	 	2500
	 Total Expected TI Volume
	  	 	100	  	 	2700	  	 	7,000
	 Subassembly Price Example
	  	$	1.25	  	$	1.10	  	$	1.00
	 Total Automotive Revenue
	  	$	0.1 M	  	$	2.9 M	  	$	7.0 M

  

 August 20, 1998 
 -9- 

 Attachment C - Confidential Information Agreement 
 Amendment to 
 Mutual
Nondisclosure Agreement 
 Between 
 Sensata Technologies, Inc. 
 And 
 Measurement Specialties, Inc. 
 WHEREAS, Sensata Technologies, Inc. and Measurement Specialties, Inc. have previously entered into a Non Disclosure Agreement effective 25th June 2007. 
 NOW THEREFORE, the parties wish to amend the Agreement as follows: 
  

	 	•	 	 To extend the term of the disclosure period in Section 5 for an additional two (2) years through 25th June 2011. 

 Except as hereinabove amended, all other provisions of the Agreement and previous Amendments remain unchanged and fully effective.

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their authorized officials.

  

											
	 SENSATA TECHNOLOGIES, INC.
	 	MEASUREMENT SPECIALTIES, INC.
						
	By:	 	 /s/ Eugene M. Golab
	 		 	By:	 	 /s/ Glen Mac Gibbon
	 	
						
	Name:	 	 Eugene M. Golab
	 		 	Name:	 	 Glen Mac Gibbon
	 	
						
	Title:	 	 Vice President Purchasing
	 		 	Title:	 	 Executive Vice President
	 	
						
	Date:	 	 December 7, 2009
	 		 	Date:	 	 November 24, 2009
	 	

 MEMORANDUM 
 June 12, 2007 
  

											
	 FORWARD TO:
	 	Anand Krishnamurthy	 	MS:    B-53	 		  		  	
		 	David Hatch	 	MS:    B-71	 		  		  	
		 	Mike Cavanaugh	 	MS:    B-35	 		  		  	
		 	George Verras	 	MS:    B-69	 		  		  	
		 	Russ Baumann	 	MS:    B-1	 		  		  	
						
	 FROM:
	 	Laurie Gagné	 	MS:    B-1	 		  		  	
		
	 SUBJECT:
	 	NON DISCLOSURE AGREEMENT MEASUREMENT SPECIALTIES, INC.-NDA 2007.101
		 		 	 1000 Lucas Way
 Hampton, VA
23666
	 		  		  	

 The attached Agreement is written to protect disclosure of Sensata’s and Measurement Specialties’
proprietary information. Sensata’s information is related to application of piezo film technology related to occupant weight sensing, test data, product attributes and business plan. Measurement Specialties’ information is related to
evaluation of piezo film technology to determine applicability for the application. 
 This Agreement obligates the parties to hold the
information disclosed during the period of two (2) years after the effective date of this Agreement in confidence for a period of five (5) years following receipt of the Proprietary Information. 
 The Agreement was prepared in Sensata’s standard format and is acceptable for Sensata signature. 
 If you approve, please sign below and forward for the additional approvals and signatures. 
  

									
	 /s/ Russ Baumann
	 		 	Date:	 	 6/12/07
	 	
	BUSINESS SERVICES	 		 		 		 	
	Russ Baumann for Laurie Gagné	 		 		 		 	
					
	 /s/ Anand Krishnamurthy
	 		 	Date:	 	 06/14/07
	 	
	Anand Krishnamurthy	 		 		 		 	
					
	 /s/ David Haten
	 		 	Date:	 	 6/12/07
	 	
	David Haten	 		 		 		 	
					
	 /s/ Mike Cavanaugh
	 		 	Date:	 	 6/12/07
	 	
	Mike Cavanaugh	 		 		 		 	
					
	 /s/ Steve Beringhouse
	 		 	Date:	 	 6/13/07
	 	
	Steve Beringhouse	 		 		 		 	
					
	 /s/ Russ Baumann
	 		 	Date:	 	 6/14/07
	 	
	Russ Baumann	 		 		 		 	

 PLEASE RETAIN COVER SHEET UNTIL ONE SIGNED ORIGINAL IS RECEIVED BY SENSATA AND THEN RETURN COVER SHEET AND THE
SIGNED ORIGINAL AGREEMENT TO: Debbie Hawes, Business Services, M/S B-1. Thank you. 
 ANY EMPLOYEE WHO ACCESSES THE INTERNET MUST NOT SEND
SENSATA PROPRIETARY INFORMATION-STRICTLY PRIVATE THROUGH E-MAIL UNLESS PROPERLY PROTECTED. 
 2q07. l35a 

 MUTUAL NONDISCLOSURE AGREEMENT 
 This Agreement is effective as of the 25th day of June 2007, by and between Measurement Specialties, Inc., a New Jersey Corporation (“MEAS”) and
Sensata Technologies, Inc. with offices located at 529 Pleasant Street, Attleboro, MA 02703 (hereinafter “The Company”). 
  

	1.	Definition. “Propietary Information” means any information, technical data, or know-how, including, but not limited to, that which relates to research,
products, services, customers, markets, software, developments, inventions, processes, designs, drawings, engineering, marketing or finances, whether in tangible, machine readable, or electronic form, disclosed by either of the parties to the other,
which the disclosing party at the time of disclosure identifies electronically or in written or other tangible form of expression as confidential and/or proprietary by means of a legend, marking, stamp or other notice identifying the information to
be confidential and/or proprietary, or information disclosed orally or visually by a party to this Agreement, where the disclosing party identifies such information as confidential and/or proprietary at the time of disclosure and, within thirty
(30) days after such oral or visual disclosure, reduces the subject matter of the disclosure to a tangible or electronic form properly identified in the manner described above and submits it to the receiving party. 

  

	2.	Use of Proprietary Information. Proprietary Information disclosed hereunder shall only be used during the term of this Agreement for: 

MEAS: Evaluation of the piezo film technology to determine applicability for the application 
 Sensata Technologies: Application of piezo film technology related to occupant weight sensing, test data, product attributes and business
plan 
 Each disclosing party represents that it has the right to disclose Proprietary Information to the receiving party
for the purpose(s) stated above. 
  

	3.	Protection of Proprietary Information. It is agreed that for a period of five (5) years following the receipt of the Proprietary Information, the receiving
party shall make reasonable efforts to preserve in confidence such Proprietary Information and prevent disclosure thereof to third parties. Each of the parties agrees that it will use the same degree of care to protect the other party’ s
Proprietary Information as is used to protect its own and such degree of care shall be at least use of reasonable care. Disclosures of Proprietary Information shall be restricted to those employees and/or other individuals associated with the
receiving party who are directly participating in the efforts set out in Paragraph 2 above, who have a need to know the Proprietary Information, and who have been made aware of and consent in writing to abide by restrictions at least as restrictive
as those contained herein concerning the use of the Proprietary Information. 

  

	4.	Exceptions. The obligation to protect Proprietary Information, and the liability for unauthorized disclosure or use of Proprietary Information, shall not apply
with respect to Proprietary Information which is: 

  

 -1- 

	 	(1)	published or otherwise is or becomes available to the public other than by breach of this Agreement; or 

	 	(2)	rightly received by one party hereunder from a third party without restriction on disclosure; or 

	 	(3)	independently known by or independently developed by the receiving party without the use of Proprietary Information disclosed by the disclosing party; or

	 	(4)	approved in writing by the disclosing party for public release or disclosure by the receiving party; or 

	 	(5)	inherently disclosed by public sale or other release of products or services authorized by the disclosing party; or 

	 	(6)	required to be disclosed pursuant to any applicable law, regulation, or legal order, provided that the receiving party has notified the disclosing party immediately
upon learning of the possibility that disclosure could be required pursuant to any such law, regulation, or legal order and has given the disclosing party a reasonable opportunity to contest or limit the scope of such required disclosure and has
cooperated with the disclosing party toward this end. 

  

	5.	Term and Termination. This Agreement shall terminate two (2) years after the effective date of this Agreement, but it may be terminated by either party
giving thirty (30) days notice in writing to the other party of its intention to terminate. Termination shall not, however, affect the rights and obligations included herein with respect to Proprietary Information disclosed hereunder prior to
termination. Upon termination of this Agreement, each party will, upon request of the disclosing party, and within a reasonable period of time thereafter, return all Proprietary Information received from the receiving party and copies made thereof
by the receiving party, or, if acceptable to the disclosing party, certify by written memorandum that all such Proprietary Information has been destroyed. Each party may retain one archival copy to be used only in resolving a dispute concerning this
Agreement. 

  

	6.	No Transfer or License of Intellectual Property. Except as otherwise provided herein, neither the execution and delivery of this Agreement, nor the furnishing of
any Proprietary Information hereunder shall be construed as granting any ownership rights or rights by license or otherwise under any invention, improvement, discovery or patent, trade secret, know-how, work of authorship, software program, or other
intellectual property now or hereafter owned or under the control of either party. 

  

	7.	Transfer/Assignment. This Agreement and the rights and obligations hereunder may not be transferred or assigned by one party without the prior written approval
of the other party hereto. 

  

	8.	Export Control Laws and Regulations. Neither party shall export, directly or indirectly, any Proprietary Information disclosed under this Agreement to any
country for which the U.S. Government at the time of export requires an export license or other Government approval without first obtaining such license or approval. The receiving party shall first obtain the written consent of the disclosing party
prior to submitting any request for authority to export any such Proprietary Information. 

  

 -2- 

	9.	Applicable Law. This Agreement shall be governed by and construed under the laws of the State of New Jersey. 

  

	10.	No Formal Business Relationship. This Agreement shall not be construed as a teaming, joint venture or other such arrangement; rather, the parties hereto
expressly agree that this Agreement is for the purpose of protecting Proprietary Information only. 

  

	11.	No Obligation to Disclose. Neither party has an obligation to supply Proprietary Information hereunder. 

  

	12.	Binding Effect. This Agreement shall be binding upon each party, its affiliates, respective employees, agents, representatives, successors, and assigns. No
change, modification, alteration, or addition to any provision hereof shall be binding unless in writing and signed by authorized representatives of both parties. Each party agrees that its obligations here-under are necessary and reasonable in
order to protect the other party and the other party’s business, and expressly agrees that monetary damages may be inadequate to compensate the other party for any breach of any covenant or agreement set forth herein. Accordingly, each party
agrees and acknowledges that any such violation or threatened violation may cause irreparable injury to the other party and that, in addition to any other remedies that may be available, in law, in equity or otherwise, the other party may be
entitled to obtain injunctive relief against the threatened breach of this Agreement or the continuation of any such breach, without the necessity of proving actual damages. 

  

	13.	Construction. This Agreement is the result of negotiation between the parties and, accordingly, shall not be construed for or against either party regardless of
which party drafted this Agreement or any portion thereof. 

  

	14.	Entire Agreement. This Agreement contains the entire understanding between the parties relative to the protection of Proprietary Information and supersedes all
prior and collateral communications, reports, and understandings between the parties in respect thereto. 

 AGREED AND ACCEPTED
BY: 
  

									
	 MEASUREMENT SPECIALTIES, INC.
	 		 	SENSATA TECHNOLOGIES, INC.
					
	 Typed
 Name:
	 	 Donald Halvorsen
	 		 	 Typed
 Name:
	 	 Russell E. Baumann

					
	By:	 	 /s/ Donald Halvorsen
	 		 	By:	 	 /s/ Russell E. Baumann

					
	Title:	 	 Piezo Product Line Mgr
	 		 	Title:	 	 Chief Patent Counsel &
 Assistant General Counsel

					
	Date:	 	 June 25, 2007
	 		 	Date:	 	 June 14, 2007

 AMENDMENT AND RESTATEMENT OF THE 1998 JOINT DEVELOPMENT AND 
 EXCLUSIVE SUPPLY AGREEMENT 
 BETWEEN 
 MEASUREMENT SPECIALTIES, INC. 
 AND 
 TEXAS INSTRUMENTS INCORPORATED 
 This Agreement between Texas Instruments Incorporated, Sensors and Controls business, having a place of business in Attleboro, MA (“TI”) and
Measurement Specialties, Inc. of Fairfield, NJ (“MSI”) has an effective date of May 10, 2002. 
 Purpose

 It is intended by the parties that they herein clarify certain items from their Joint Development and Exclusive Supply Agreement,
effective 1 July 1998, (“the 98 Agreement”) and provide amendments reflecting agreements and practices since 1 July 1998. 
 Scope of Project 
 This Section is expanded to include the following new paragraphs: 
 License Grant – MSI has granted to TI exclusive licenses to the following automotive (passenger, light truck and sport utility
vehicles) application markets: braking, transmission, common rail diesel and gasoline direct injection. These licenses are irrevocable, during the term of the agreement, except in the event of an uncured material breach by TI, and terminate upon
termination of the 98 Agreement and this Amendment, but may be subject to royalty payments as described in the 98 Agreement. TI will, per the terms of the 98 Agreement, purchase its SEA requirements for sensors sold in the licensed fields above from
MSI (except for those volumes internally produced per the provision found in Second Source below) for piezoresistive transducers glass bonded to metal diaphragms during the term of this term of the 98 Agreement. MSI agrees to supply SEAs to TI to
meet TI’s requirements during the term of the 98 Agreement and to sell SEAs exclusively to TI within the above licensed fields. TI will incorporate those SEAs into its sensor products and sell these products in all the above licensed fields. TI
will only use the licenses to make the SEAs in the event of an uncured material breach of MSI, MSI’s termination of the 98 Agreement for a reason other then an uncured material breach by TI, or pursuant to the Second Source as described below.
MSI confirms that TI has, to date, met the conditions called for in the 98 Agreement to maintain the exclusive status of the grants listed above. 

 MSI will sell SEA’s to TI nonexclusively for any market application. The pricing is
based on the cost variables of aggregate annual volume and port geometry for each SEA and then applying a not-to-exceed gross margin percentage as follows: 
  

				
	 Annual Volume
	  	Gross Margin*	 
	 <1KU
	  	60	% 
	 1KU to 10KU
	  	50	% 
	 10KU to 100KU
	  	45	% 
	 100KU to 500KU
	  	40	% 
	 >500KU
	  	35	% 

  

	*	Gross margin is defined as MSI standard cost (material, dir labor, labor OH, yield, QA) which does not include engineering, SG&A, and R&D.

 Excluded from the price table above are; 1) Domestic applications in stationary and transport refrigeration, the
gross margin is not-to-exceed 70% and 2) Domestic applications in paint sprayers, the gross margin is not-to-exceed 90%. 
 MSI
and TI agree to have discussions in the future regarding a potential joint venture for industrial applications, regarding MSI private labeling TI MSG product for low volume/nonstrategic applications to TI, and regarding TI potential interest in
converting a nonexclusive market segment into an exclusive segment. TI’s current intent is to use MSI SEA’s with our automotive ASIC’s for the next couple years but does reserve the right to use other signal conditioning as needed.

 Second Source – Although TI has no immediate intention to second source and expects to buy all of its requires for
SEA’s from MSI indefinitely, MSI recognizes that TI may require a second source of production to satisfy its customers. Accordingly, MSI grants to TI an “Option”; granting TI a license to produce internally (“Second Sourced
Production”) SEAs. TI agrees to purchase SEAs from MSI at volumes in support of an MSI automotive business share of not less than 60% annually or 7M units (i.e. whichever is greater). By this agreement TI purchases an “Option” which
grants TI the right to produce second sourced SEAs to cover all or a portion of volumes above this 60% minimum share level annually or 7M units (i.e. whichever is greater). TI shall be required to pay for exclusivity the higher of $.05 or
5% per SEA to MSI for such Second Sourced Production. Unless unusual circumstances make it commercially unreasonable, TI will provide MSI with notice eighteen (18) months in advance or as soon as the decision has been made, whichever is
greater, prior to commencing Second Sourced Production. 
 In the event that MSI “Like” SEA’s surface
competitively in the exclusive markets we serve, the above exclusivity payments would be subject to re-evaluation. 
 Option
Price: 
  

	 	1)	Purchase of the Second Source Option   $25,000 ** 

  

	 	2)	Exercise of the Second Source Option   $250,000.** ($250,000.00 to be paid $100,000.00 at time of Exercise and then in increments of $50,000.00 for each
1 million SEA’s of TI manufacture until total of $250,000.00 is achieved) 

  
  

	**	Payment terms for Option above, 

 Purchase of Option: payable upon signing of this agreement, 

 Exercising of Option: payable 30 days after exercise 
 Pricing – The parties acknowledge that product pricing remains critical to marketplace success. Sense Element Assembly
(“SEA”) (formerly referred to as “Subassemblies” in the 98 Agreement) design and volume projections must remain the drivers to future pricing with continuous improvement strategies in place. Attachment “A” to this
amendment contains the agreed to pricing for calendar years 2003 and 2004. Pricing for 2005 and beyond will decline with increasing annual production and expected efficient asset/capacity utilization, annually (each year lower then the year before)
from the agreed levels for 2004. Declining SEA Pricing for 2005 and beyond would be required to target expected TI end Market/Customer Driven Product cost reductions (i.e. estimated as between 2 to 8% annually) as the minimum objective. 

It is understood that the port pricing has to date achieved substantial reduction, and that both parties will need to work together to
further develop cost reduction potential and consequently the pricing target may need to be separated between the port content and non-port content of the total price. 
 Status of the Joint Development Project 
  

	 	•	 	 Product purchases outlined in 98 Agreement have been exceeded. The parties acknowledge that process and quality development are proceeding at
acceptable levels and continue to improve. Teamwork and trust have been excellent. 

  

	 	•	 	 Notwithstanding that the original $1.25 price target for the “BPT” sensor for the first one (1) million units has not been met, and
acknowledging that the changes in the port configuration and material cost were significant factors in not meeting the original price target, all terms of the 98 Agreement remain in full force, except as modified herein, and TI agrees not to
terminate the 98 Agreement on this basis. 

  

	 	•	 	 Based on progress to date, it is agreed that the parties will convene by July 1st annually to decide on extending the agreement by an additional 1 year. The first such meeting will take place before
July 1, 2003. 

 Other 
 The other provisions of the 98 Agreement remain in effect.  
 Supply Agreement

 The parties intend to negotiate a Supply Agreement for SEAs to replace and expand upon the supply terms provided for in the 98
Agreement and this amendment, but in a manner not inconsistent with the intent of the 98 Agreement and subsequent course of conduct between the parties. 
  

 - 2 - 

									
	 TEXAS INSTRUMENTS INCORPORATED
 Sensors & Controls
	 		 	MEASUREMENT SPECIALTIES, INC.
					
	By:	 	/s/ Martha Sullivan	 		 	By:	 	/s/ Joseph R. Mallon, Jr.
	Name:	 	Martha Sullivan	 		 	Name:	 	Joseph R. Mallon, Jr.
	Title:	 	Vice President & Global	 		 	Title:	 	Chief Executive Officer
		 	Business Manager	 		 		 	
		 	Sensor Products	 		 		 	
	Date:	 	5/16/02	 		 	Date:	 	5/10/02

  

 - 3 - 

 EXCLUSIVE SUPPLY AGREEMENT 
 BETWEEN 
 MEASUREMENT SPECIALTIES, INC. 
 AND 
 TEXAS
INSTRUMENTS INCORPORATED 
 ATTACHMENT A 
 TABLE OF CONTENTS 
 Attachment A - 100% Forecast 
 Attachment A - 115% Forecast 
 Attachment A - 85%
Forecast 
  

 - 4 - 

			
	MSI/TI Pricing Agreement 2003-2004	  	ATTACHMENT A -100% forecast

  

																																					
	Last Update:     May 9, 2002	 	 	 	M. Cavanaugh	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Volumes	 	SEA Pricing	 	PORT Pricing Matrix
	 	 	 	 	SEA #	 	Port #	 	User #1	 	2001	 	2002	 	2003	 	2004	 	2003	 	2004	 	2003	 	2004
	 	 	

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Spindex	 	JL
elimination
of heat
treatment	 	Spindex	 	JL
elimination
of heat
treatment	 	Spindex
Port Price	 	JL Port
Price Assumption	 	Spindex
Port Price	 	JL Port
Price
Assumption
	 Current
	 	 	37735	 	37736	 	CT PS60	 	1230	 	2122	 	2745	 	2830	 	$	1.32	 	$	1.24	 	$	1.18	 	$	1.10	 	0.631	 	0.581	 	0.618	 	0.568
	 Production
	 	 	37766	 	37729	 	TRW430 (SFF)	 	54	 	300	 	622	 	724	 	$	1.27	 	$	1.19	 	$	1.14	 	$	1.06	 	0.572	 	0.522	 	0.561	 	0.511
	 Program
	 	 	37844	 	37842	 	Honda (SFF)	 	10	 	302	 	411	 	587	 	$	1.43	 	$	1.35	 	$	1.31	 	$	1.23	 	0.689	 	0.639	 	0.675	 	0.625
		 	 	37860	 	37859	 	Sumitomo (SFF)	 	5	 	49	 	67	 	130	 	$	1.44	 	$	1.36	 	$	1.33	 	$	1.25	 	0.699	 	0.649	 	0.685	 	0.635
		 		 		 		 		 	 	 	 	 	 	 	 	 			 			 			 			 		 		 		 	
	 Subtotal
	 		 		 		 		 	1299	 	2773	 	3845	 	4271	 			 			 			 			 		 		 		 	
	 PS60SI
	 	

	 	37876	 	37875	 	PS60si 190 bar	 	10	 	19	 	700	 	2000	 	$	1.44	 	$	1.36	 	$	1.31	 	$	1.23	 	0.706	 	0.656	 	0.691	 	0.641
	 (SFF)
	 	 		 		 		 		 		 		 		 			 			 			 			 		 		 		 	
		 	 	37876	 	37875	 	PS60si 70 bar	 	2	 	0	 	15	 	350	 	$	1.44	 	$	1.36	 	$	1.31	 	$	1.23	 	0.706	 	0.656	 	0.691	 	0.641
		 		 		 		 		 	 	 	 	 	 	 	 	 			 			 			 			 		 		 		 	
	 Subtotal
	 		 		 		 		 	12	 	19	 	715	 	2350	 			 			 			 			 		 		 		 	
	 Common
	 	

	 	T-604956-01	 	T-604965-01	 	LFF2 Common R.	 	10	 	125	 	1439	 	2683	 	$	1.55	 	$	1.47	 	$	1.32	 	$	1.24	 	0.706	 	0.656	 	0.691	 	0.641
	 Rail
	 	 	T-604956-01	 	T-604965-01	 	LFF2 Common R.	 	0	 	0	 	300	 	900	 	$	1.55	 	$	1.47	 	$	1.32	 	$	1.24	 	0.706	 	0.656	 	0.691	 	0.641
		 		 		 		 		 	 	 	 	 	 	 	 	 			 			 			 			 		 		 		 	
	 Subtotal
	 		 		 		 		 	10	 	125	 	1739	 	3583	 			 			 			 			 		 		 		 	
		 	

	 		 		 		 		 		 		 		 	 	All to be quted	 	 	All to be quted	 		 		 		 	
	 Misc.
	 	 		 	37885	 	Cat Rail (LFF1)	 	5	 	10	 	75	 	80	 	 	TBD	 			 	 	TBD	 			 		 		 		 	
		 	 	37927	 	37928	 	Delphi Bk.(LFF1)	 	0	 	0	 	1	 	105	 	 	"	 			 	 	"	 			 	0.853	 		 	0.836	 	
		 	 	37788	 	37787	 	Siem CVT	 	12	 	1	 	5	 	180	 	 	"	 			 	 	"	 			 	0.882	 		 	0.864	 	
		 	 		 		 	Siem GDI	 	5	 	0	 	20	 	431	 	 	"	 			 	 	"	 			 		 		 		 	
		 		 		 		 		 	 	 	 	 	 	 	 	 			 			 			 			 		 		 		 	
	 Subtotal
	 		 		 		 		 	22	 	11	 	101	 	796	 			 			 			 			 		 		 		 	
		 		 		 		 		 	 	 	 	 	 	 	 	 			 			 			 			 		 		 		 	
	 Total
	 		 		 		 		 	1343	 	2928	 	6400	 	11000	 			 			 			 			 		 		 		 	
		 		 		 		 		 	 	 	 	 	 	 	 	 			 			 			 			 		 		 		 	
	 Development Agreement Expected Volume
	 		 		 		 		 	n/a	 	2700	 	n/a	 	7000	 			 			 			 			 		 		 		 	

  

	1.	Open Items to be negotiated and mutually agreed upon: 

 Port Cost Reductions Sharing on improvements beyond above Port Matrix (CR can be H.T. elim.; Raw Mat’l; Productivity, Bippus, etc.) 
 Payment timing and trigger levels to be agreed upon should volumes reach either 85% or 115% levels 

	2.	Per Glen MacGibbon 3/27/02 - Annual Volume; As you can see our price is dependant upon volume, and we have provided prices based upon; 100%, 115%, and 85% respectively
of the TI forecast as we agreed during our meeting on March 14, 2002. 

	3.	Per Glen MacGibbon 3/27/02 - Heat Treatment: by eliminating the heat treatment process, the price will be reduced by $0.03 per unit. This reduction is already assumed
in the price column for “JL elimination of heat treatment” machined ports 

	4.	Per Glen MacGibbon 3/27/02 - JL Machining Ports: For every port JL machines, it is estimated that TI would save on average of $0.05 per port. This is our best estimate
based upon machine times quoted from the machine tool supplier. As soon as the machine is up and running in JL, we will immediately confirm the price savings. This option will be capacity limited based upon the total amount of machines to be located
at JL. 

  

 Page 1 

 ATTACHMENT A -115% forecast 
  

																																			
	Last Update:     March 1, 2002	 	 	 	 	 	Volumes	 	Port Suppliers	 	 	 	 	 	 	 	 
	 	 	 	 	SEA #	 	Port #	 	User #1	 	Additional Users	 	2001	 	2002	 	2003	 	2004	 	2003	 	 	 	2004	 	2005
	 	 	

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Spindex	 	JL
elimination of
heat
treatment	 	Spindex	 	JL
elimination
of heat
treatment	 	Spindex	 	JL/
Seamax
	 Current
	 	 	37735	 	37736	 	CT PS60	 	PS60RD, Tokico	 	1230	 	2122	 	3156.8	 	3254.5	 	$	1.29	 	$	1.21	 	$	1.165	 	$	1.09	 		 	
	 Production
	 	 	37766	 	37729	 	TRW430 (SFF)	 		 	54	 	300	 	715.3	 	832.6	 	$	1.24	 	$	1.16	 	$	1.12	 	$	1.04	 		 	
	 Program
	 	 	37844	 	37842	 	Honda (SFF)	 		 	10	 	302	 	472.65	 	675.05	 	$	1.40	 	$	1.32	 	$	1.28	 	$	1.20	 		 	
		 	 	37860	 	37859	 	Sumitomo (SFF)	 		 	5	 	49	 	77.05	 	149.5	 	$	1.41	 	$	1.33	 	$	1.29	 	$	1.21	 		 	
	 Subtotal
	 		 		 		 		 		 	1299	 	2773	 	4421.8	 	4911.7	 			 			 			 			 		 	
	 PS60SI
	 	

	 	37876	 	37875	 	PS60si 190 bar (SFF)	 	220 Bar, 170 Bar	 	10	 	19	 	805	 	2300	 	$	1.41	 	$	1.33	 	$	1.29	 	$	1.21	 		 	
	 (SFF)
	 	 		 		 		 		 		 		 	0	 	0	 			 			 			 			 		 	
		 	 	37876	 	37875	 	PS60si 70 bar (SFF)	 		 	2	 	0	 	17.25	 	402.5	 	$	1.41	 	$	1.33	 	$	1.29	 	$	1.21	 		 	
	 Subtotal
	 		 		 		 		 		 	12	 	19	 	822.25	 	2702.5	 			 			 			 			 		 	
	 Common
	 	

	 	T-604956-01	 	T-604965-01	 	LFF2 Common Rail	 	Siemens and Delphi	 	10	 	125	 	1654.9	 	3085.5	 	$	1.51	 	$	1.43	 	$	1.37	 	$	1.29	 		 	
		 	 	 	 	 	 		 		 		 		 	0	 	0	 			 			 			 			 		 	
	 Rail
	 	 	T-604956-01	 	T-604965-01	 	LFF2 Common Rail	 	Bosch	 	0	 	0	 	345	 	1035	 	$	1.51	 	$	1.43	 	$	1.37	 	$	1.29	 		 	
	 Subtotal
	 		 		 		 		 		 	10	 	125	 	1999.9	 	4120.5	 			 			 			 			 		 	
		 	

	 		 		 		 		 		 		 		 		 	 	All to be quted	 			 	 	All to be quted	 			 		 	
	 Misc.
	 	 		 	37885	 	Cat Rail (LFF1)	 	Husco Rail, PHS LFF	 	5	 	10	 	86.25	 	92	 	 	TBD	 			 	 	TBD	 			 		 	
		 	 	37927	 	37928	 	Delphi Brake(LFF1)	 	TRW LFF	 	0	 	0	 	1.15	 	120.75	 	 	"	 			 	 	"	 			 		 	
		 	 	37788	 	37787	 	Siem CVT	 		 	12	 	1	 	5.75	 	207	 	 	"	 			 	 	"	 			 		 	
		 	 		 		 	Siem GDI	 	Nissan GDI, Hitach	 	5	 	0	 	23	 	495.65	 	 	"	 			 	 	"	 			 		 	
	 Subtotal
	 		 		 		 		 		 	22	 	11	 	116.15	 	915.4	 			 			 			 			 		 	
		 		 		 		 		 		 	 	 	 	 	 	 	 	 			 			 			 			 		 	
	 Total
	 		 		 		 		 		 	1343	 	2928	 	7360	 	12650	 			 			 			 			 		 	
		 		 		 		 		 		 	 	 	 	 	 	 	 	 			 			 			 			 		 	
	 Development Agreement Expected Volume
	 	BPT & CVT	 	n/a	 	2700	 	n/a	 	7000	 			 			 			 			 		 	

  

 Page 2 

 ATTACHMENT A -85% forecast 
  

																																			
	Last Update: March 1, 2002	 	 	 	 	 	Volumes	 	Port Suppliers	 	 	 	 	 	 	 	 
	 	 	 	 	SEA #	 	Port #	 	User #1	 	Additional Users	 	2001	 	2002	 	2003	 	2004	 	2003	 	2004	 	2005
	 	 	

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Spindex	 	JL
elimination
of heat
treatment	 	Spindex	 	JL
elimination
of heat
treatment	 	Spindex	 	JL/
Seamax
	 Current
	 	 	37735	 	37736	 	CT PS60	 	PS60RD, Tokico	 	1230	 	2122	 	2333.3	 	2405.5	 	$	1.35	 	$	1.27	 	$	1.22	 	$	1.14	 		 	
	 Production
	 	 	37766	 	37729	 	TRW430 (SFF)	 		 	54	 	300	 	528.7	 	615.4	 	$	1.30	 	$	1.22	 	$	1.17	 	$	1.09	 		 	
		 	 		 		 		 		 		 		 	0	 		 			 			 			 			 		 	
	 Program
	 	 	37844	 	37842	 	Honda (SFF)	 		 	10	 	302	 	349.35	 	498.95	 	$	1.47	 	$	1.39	 	$	1.33	 	$	1.25	 		 	
		 	 		 		 		 		 		 		 	0	 		 			 			 			 			 		 	
		 	 	37860	 	37859	 	Sumitomo (SFF)	 		 	5	 	49	 	56.95	 	110.5	 	$	1.48	 	$	1.40	 	$	1.35	 	$	1.27	 		 	
	 Subtotal
	 		 		 		 		 		 	1299	 	2773	 	3268.3	 	3630.4	 			 			 			 			 		 	
	 PS60SI
	 	

	 	37876	 	37875	 	PS60si 190 bar (SFF)	 	220 Bar, 170 Bar	 	10	 	19	 	595	 	1700	 	$	1.48	 	$	1.40	 	$	1.35	 	$	1.27	 		 	
	 (SFF)
	 	 		 		 		 		 		 		 		 		 			 			 			 			 		 	
		 	 	37876	 	37875	 	PS60si 70 bar (SFF)	 		 	2	 	0	 	12.75	 	297.5	 	$	1.48	 	$	1.40	 	$	1.35	 	$	1.27	 		 	
	 Subtotal
	 		 		 		 		 		 	12	 	19	 	607.75	 	1997.5	 			 			 			 			 		 	
	 Common
	 	

	 	T-604956-01	 	T-604965-01	 	LFF2 Common Rail	 	Siemens and Delphi	 	10	 	125	 	1223.2	 	2280.6	 	$	1.58	 	$	1.50	 	$	1.43	 	$	1.35	 		 	
		 	 	 	 	 	 		 		 		 		 		 		 			 			 			 			 		 	
	 Rail
	 	 	T-604956-01	 	T-604965-01	 	LFF2 Common Rail	 	Bosch	 	0	 	0	 	255	 	765	 	$	1.58	 	$	1.50	 	$	1.43	 	$	1.35	 		 	
	 Subtotal
	 		 		 		 		 		 	10	 	125	 	1478.2	 	3045.6	 			 			 			 			 		 	
		 	

	 		 		 		 		 		 		 		 		 	 	All to be quted	 			 	 	All to be quted	 			 		 	
	 Misc.
	 	 		 	37885	 	Cat Rail (LFF1)	 	Husco Rail, PHS LFF	 	5	 	10	 	63.75	 	68	 	 	TBD	 			 	 	TBD	 			 		 	
		 	 	37927	 	37928	 	Delphi Brake (LFF1)	 	TRW LFF	 	0	 	0	 	0.85	 	89.25	 	 	"	 			 	 	"	 			 		 	
		 	 	37788	 	37787	 	Siem CVT	 		 	12	 	1	 	4.25	 	153	 	 	"	 			 	 	"	 			 		 	
		 	 		 		 	Siem GDI	 	Nissan GDI, Hitach	 	5	 	0	 	17	 	366.35	 	 	"	 			 	 	"	 			 		 	
	 Subtotal
	 		 		 		 		 		 	22	 	11	 	85.85	 	676.6	 			 			 			 			 		 	
		 		 		 		 		 		 	 	 	 	 	 	 	 	 			 			 			 			 		 	
	 Total
	 		 		 		 		 		 	1343	 	2928	 	5440	 	9350	 			 			 			 			 		 	
		 		 		 		 		 		 	 	 	 	 	 	 	 	 			 			 			 			 		 	
	 Development Agreement Expected Volume
	 	BPT & CVT	 	n/a	 	2700	 	n/a	 	7000	 			 			 			 			 		 	

  

 Page 3

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