Document:

kl04017_ex10-41.htm

    
      

    

     

    Exhibit 10.41

     

     

    

    PURCHASE
AGREEMENT – PLASMA CONVERTER SYSTEM

    

    This sales agreement is for the sale of
goods and services for a 10 TPD (rated) Plasma Converter Systems (PCS) to
process Municipal Sold Waste type material. The agreement is made between
STARTECH Environmental Corporation, (hereinafter “Company”) a corporation
organized and existing under the laws of the State of Colorado, U.S.A. with its
principal office at 88 Danbury Road, Wilton Connecticut and waste2greenenergy
Ltd (w2ge) a limited company incorporated in England and Wales with registered
number 6027878
(hereinafter, “Customer”), a, having its principal
place of business at 15 Stratton Street, London W1J 8LQ, United
Kingdom.

    

    Goods and
Services

    

    
      	
              §  

            	
              Company
      will design, furnish and deliver (FOB, Bristol, CT); a 10 TPD PCS
      integrated Startech Environmental Corporation Plasma Converter System
      (PCS). Equipment for the use and disposal of the Plasma Converted Gas
      (PCG) has not been included in this sales
  agreement.

            

    

    
      	
              §  

            	
              Company
      shall furnish Startech parts and accessories required for integration of
      the Plasma Converter System equipment and skids specified in Exhibit
      D.

            

    

    
      	
              §  

            	
              The
      Company will provide on-site startup and systemization training services
      at Customers site location to coordinate the PCS installation after the
      Plasma Converter Systems arrive on site. The scope of this service
      includes up to 10 man weeks of a Company engineer/technician at Customer’s
      location, travel and living expenses
included.

            

    

    
      	
              §  

            	
              The
      Company will provide the customer’s operators training and operator
      certification.

            

    

    
      	
              §  

            	
              The
      Company will provide a two (2) year
warranty.

            

    

    
      	
              §  

            	
              The
      Company will provide a comprehensive spare parts
  kit.

            

    

    
      	
              §  

            	
              List
      of the comprehensive spare parts kit to be provided within six months of
      signing this Agreement.

            

    

    

    

    Shipment, Delivery and
Startup

    

    
      	
              §  

            	
              Company
      shall deliver FOB, Bristol, CT the 10 TPD PCS System, targeted for release
      from its Bristol, CT plant on or about 12 months from the executed date of
      this Purchase Agreement or sooner, provided that notice is given 60 days
      from the date of this Order, however not to be sooner than ten months from
      the date of signing of this Agreement and payment of the initial down
      payment specified in Exhibit C. The company will also provide at a cost
      pass thru service the management of the packing, shipping, transportation
      and insurance from our Bristol, CT facility to the site
      destination.

            

    

    
      	
              §  

            	
              Customer
      shall receive, provide support to Company to unload, and store each
      shipment of components of the System, as may be required, at the Customer
      Premises. However, Customer shall not uncrate or unpack such components
      without prior permission and/or supervision from
  Company.

            

    

    
      	
              §  

            	
              Upon
      final delivery of the system to the site location by the Customer, it will
      take approximately 2 months for system installation, training and startup
      with Company coordination and
support.

            

    

    
      	
              §  

            	
              Startech
      shall provide control documents (“ICD”) that specify various systems
      support - utility requirements.

            

    

    

    Training and
Documentation

    

    
      	
              §  

            	
              Company
      shall provide Customer with four (4) sets [two (2) in English; and two (2)
      in Polish] of training course materials and operating documentation
      materials for each of the Plasma Converter Systems. The training consists
      of the following items:

            

    

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	
              1)  

            	
              System
      Installation Manual and Operating and Maintenance
  Manuals.

            

    

    
      	
              2)  

            	
              Training
      for operating and maintenance personnel for up to four (4) operators for
      the PCS. The specific training to be conducted by the Company includes the
      following major areas:

            

    

    

    
      	
              ·  

            	
              PCS
      Operations and maintenance

            

    

    
      	
              ·  

            	
              Troubleshooting
      (What if Analysis)

            

    

    
      	
              ·  

            	
              Control
      System Procedures (System Start-up, Processing & Shutdown
      Protocols)

            

    

    

    
      	
              §  

            	
              One
      (1) week of equipment familiarization orientation and training will be
      conducted at the Company facility in Bristol, CT for the Customer
      personnel indicated above. This orientation excludes all
      travel and living expenses for the Customer’s personnel which are the
      responsibility of the Customer.

            

    

     

    Customer
Requirements

     

    
      	
              §  

            	
              Provide
      a Customer Facility (building) for installation of the Plasma Converter
      System with required utility hookups at the Plasma Converter System skid
      locations (i.e. appropriate electrical power, water
  etc.).

            

    

    
      	
              §  

            	
              Customer
      is responsible for packing, shipping and transportation from our Bristol,
      CT factory to the final site
location.

            

    

    
      	
              §  

            	
              The
      Company will provide technical supervision for the installation and
      commissioning of the Plasma Converter System (PCS) equipment installation.
      The Customer shall provide on-site contractor and craft labor and
      construction equipment in support of Startech field personnel during
      installation.

            

    

    
      	
              §  

            	
              Grant
      to Company Personnel access to the Customer Premises, including the
      System, Customer Facilities, and Customer Equipment, as may be necessary
      or appropriate for Company to perform its responsibilities under this
      Agreement.

            

    

    
      	
              §  

            	
              Customer
      to provide all language translation for all
  documentation.

            

    

    
      	
              §  

            	
              Customer
      will be responsible for permits, if
any.

            

    

    

    Price and Terms of Goods and
Services

    

    
      	
              §  

            	
              In
      consideration of Company's obligations as recited herein, the Customer
      shall pay the Total Price of five million four hundred thousand dollars
      ($5,400,000) for the 10 TPD Plasma Converter System specified in Exhibit
      D. The required payment milestone schedule is included in Exhibit
      C.

            

    

    

    
      	
              §  

            	
              In
      addition to the Total Price, Customer shall duly report and pay all
      international, federal, state, local, and other taxes, value added tax
      (VAT), customs duties or other charges (other than income or franchise
      taxes payable by Company) directly applicable to the sale, installation,
      maintenance, or use of the System.

            

    

    

    
      	
              §  

            	
              Where
      in any payment, of which the company has received payment, the value of
      unfixed materials and or goods has been included and materials and or
      goods have been intended for and placed on or adjacent to the
      manufacturing facility, the materials and or goods shall be delivered to
      the Customer ‘constitum
      possessorium’ and shall thereby become property and ownership of
      the Customer. The company shall be responsible for any loss or damage, and
      the materials or goods shall not be removed, except for the use in the
      manufacture of the equipment, without the written authority of the
      Customer.

            

    

    

    
      	
              §  

            	
              All
      amounts, other than the down payment, not paid by Customer within thirty
      (30) days after such amounts become due and payable to Company shall bear
      interest at the maximum rate of interest allowed by applicable
      law.

            

    

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    Other Terms and
Conditions

    

    Warranties

    

    
      	
              §  

            	
              Company
      provides a two year product warranty for each Plasma Converter System
      (PCS) which initiates upon the scheduled startup date. The specific
      warranty provisions are included as Exhibits A and B of this
      contract.

            

    

     

    Limitation
of Liability

     

    
      	
              §  

            	
              In
      no event shall Company be liable for any consequential, incidental,
      indirect or special damages of any kind whatsoever (including, but not
      limited to, lost profits, plant down time, loss of use of the equipment
      and claims of third parties) in connection with this agreement, the
      equipment or the subject matter of this agreement. notwithstanding
      anything to the contrary set forth elsewhere in this agreement, in no
      event shall Company be liable for any damages, costs or expenses
      (including, but not limited to, reasonable attorneys fees) of any kind in
      connection with the sale or use of any equipment sold hereunder in an
      amount greater than the amount of the purchase price actually received by
      company for such equipment.

            

    

     

    Force
Majeure

    

    
      	
              §  

            	
              Neither
      party shall be liable for any costs or damages attributable to
      nonperformance (including delays on the part of Company in making
      deliveries hereunder) arising out of any "Event of Force Majeure," which
      shall consist of any cause not within its reasonable control and not due
      to its fault or negligence.

            

    

    

    
      	
              §  

            	
              Each
      party shall give the other party prompt notice of the occurrence of any
      Event of Force Majeure that is expected to cause delay hereunder, and the
      date of performance by any such party shall be extended for a period not
      exceeding the period of delay caused by the Event of Force Majeure
      identified in such notice.

            

    

    

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    Settlement
of Disputes

    

    Trial by
Jury; Waiver.  THE CUSTOMER HEREBY WAIVES ITS RIGHT
TO CLAIM A TRIAL BY JURY WITH RESPECT TO ANY ACTION BY OR AGAINST COMPANY
ARISING HEREUNDER.  CUSTOMER ACKNOWLEDGES THAT THE TRANSACTION
EVIDENCED BY THIS NOTE IS A "COMMERCIAL TRANSACTION" WITHIN THE MEANING OF
C.G.S. CHAPTER 903a, AS AMENDED. FOR THE CONSIDERATION AFORESAID, CUSTOMER
HEREBY WAIVES ANY RIGHT WHICH CUSTOMER MIGHT HAVE TO A NOTICE AND A HEARING OR A
PRIOR COURT ORDER, UNDER SAID CHAPTER 903a OR AS OTHERWISE PROVIDED UNDER ANY
APPLICABLE FEDERAL OR STATE LAW, IN THE EVENT THE COMPANY SEEKS ANY PREJUDGMENT
REMEDY AND/OR "EX PARTE" ATTACHMENT OF REAL OR PERSONAL PROPERTY IN CONNECTION
WITH ANY SUIT ON THIS SALES AGREEMENT.  CUSTOMER ACKNOWLEDGES THAT BUT
FOR THE ACKNOWLEDGMENT AND WAIVER CONTAINED IN THIS PARAGRAPH, THE COMPANY MIGHT
OTHERWISE HAVE TO ESTABLISH PROBABLE CAUSE AND/OR POST A BOND OR OTHER SECURITY
IN CONNECTION WITH SUCH AN ACTION UNDER THE "DUE PROCESS" CONSIDERATIONS OR
OTHERWISE OF ANY APPLICABLE FEDERAL OR STATE LAW, AND CUSTOMER SPECIFICALLY
WAIVES ANY OF SUCH REQUIREMENTS IMPOSED ON THE COMPANY.

    

    No Strict
Construction.  The parties have hereto participated jointly in
the negotiation and drafting of this Sales Agreement.  In the event an
ambiguity or questions of intent or interpretation arises under any provision of
this Sales Agreement, it shall be construed as if drafted jointly by the parties
thereto, and no presumption or burden of proof shall arise favoring or
disfavoring any party by virtue of the authorship of any of the provisions of
this Sales Agreement.

    

    Connecticut
Law and Jurisdiction.  This Sales Agreement shall be governed
by and be construed in accordance with the laws of the State of Connecticut
without regard to the conflicts of law rules of such state.  THE
CUSTOMER HEREBY CONSENTS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE
STATE OF CONNECTICUT FOR THE PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR
RELATING TO THIS SALES AGREEMENT, THE OTHER AGREEMENTS, AND THE TRANSACTIONS
CONTEMPLATED HEREBY.  IF THE CUSTOMER DOES NOT MAINTAIN A REGISTERED
AGENT IN CONNECTICUT, THE COMPANY MAY SERVE THE CUSTOMER BY REGISTERED OR
CERTIFIED MAIL, RETURN RECEIPT REQUESTED, ADDRESSED TO THE CUSTOMER AT THE
ADDRESS SET FORTH HEREIN.  THE CUSTOMER IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, (a) ANY OBJECTION TO THE LAYING OF
VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT; AND (b) ANY CLAIM THAT ANY
SUCH PROCEEDING BROUGHT IN SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT
FORUM.

    

    Miscellaneous

    

    
      	
              §  

            	
              This
      Agreement shall be binding upon the successors and assignees of both
      parties; provided, however, that no assignment shall be made by either
      party without the prior consent of the other. Any attempt by either party
      to assign this Agreement or any of the rights or duties hereunder contrary
      to the foregoing provision shall be
void.

            

    

    

    
      	
              §  

            	
              Except
      for any maintenance agreement that may be entered into by the parties,
      this Agreement constitutes the entire agreement between Company and
      Customer with respect to Company’s Goods and Services to be supplied to
      the Customer in this Sales
Agreement.

            

    

    

    

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
 

    IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in
duplicate by their duly authorized corporate officers as of the day and year
first above written.

    

    ACCEPTED
BY PURCHASER (Customer):

     

    Waste2greenenergy
Limited

     

    

     

    By:
__________________________                                                                                     Date:
________________________

     

    Harvinderpal
S Hungin

    Chairman
and CEO

     

     

    

     

     

    SELLER:

     

    Startech
Environmental Corporation

     

    

     

    BY:
___________________________                                                                           DATE:
________________________

     

           
Joseph F. Longo, CEO

           
Startech Environmental CorporationEX-10.1

Exhibit 10.1

TWENTY-SEVENTH AMENDMENT TO CREDIT AGREEMENT

          TWENTY-SEVENTH AMENDMENT, dated as of April 21, 2009 (this “Amendment”), to the Credit
and Guaranty Agreement, dated as of July 19, 2007, as amended by the First Amendment and Waiver to
Credit Agreement, dated as of November 9, 2007, the Second Amendment to Credit Agreement, dated as
of March 12, 2008, the Third Amendment to Credit Agreement, dated as of March 26, 2008, the Fourth
Amendment to Credit Agreement, dated as of July 18, 2008, the Fifth Amendment to Credit Agreement,
dated as of July 24, 2008, the Sixth Amendment to Credit Agreement, dated as of August 25, 2008,
the Seventh Amendment to Credit Agreement, dated as of September 30, 2008, the Eighth Amendment to
Credit Agreement, dated as of October 2, 2008, the Ninth Amendment to Credit Agreement, dated as of
October 29, 2008, the Tenth Amendment to Credit Agreement, dated as of November 6, 2008, the
Eleventh Amendment to Credit Agreement, dated as of November 14, 2008, the Twelfth Amendment to
Credit Agreement, dated as of November 21, 2008, the Thirteenth Amendment to Credit Agreement,
dated as of December 4, 2008, the Fourteenth Amendment to Credit Agreement, dated as of December
19, 2008, the Fifteenth Amendment to Credit Agreement, dated as of January 5, 2009, the Sixteenth
Amendment to Credit Agreement, dated as of January 16, 2009, the Seventeenth Amendment to Credit
Agreement, dated as of February 5, 2009, the Eighteenth Amendment to Credit Agreement, dated as of
February 17, 2009, the Nineteenth Amendment to Credit Agreement, dated as of February 23, 2009, the
Twentieth Amendment to Credit Agreement, dated as of March 3, 2009, the Twenty-First Amendment to
Credit Agreement, dated as of March 10, 2009, the Twenty-Second Amendment to Credit Agreement,
dated as of March 17, 2009, the Twenty-Third Amendment to Credit Agreement, dated as of March 24,
2009, the Twenty-Fourth Amendment to Credit Agreement, dated as of March 25, 2009, the Twenty-Fifth
Amendment to Credit Agreement, dated as of March 31, 2009, the Twenty-Sixth Amendment to Credit
Agreement, dated as of April 7, 2009 and that certain letter agreement dated February 26, 2008 (as
further amended, restated or otherwise modified from time to time, the “Credit Agreement”),
by and among Proliance International Inc., a Delaware corporation (“Holdings” and the
“Borrower”), certain domestic subsidiaries of the Borrower listed as a “Guarantor” on the
signature pages thereto (together with each other Person (as defined in the Credit Agreement) that
guarantees all or any portion of the Obligations (as defined in the Credit Agreement) from time to
time, each a “Guarantor” and collectively, the “Guarantors”), the lenders from time
to time party thereto (each a “Lender” and collectively, the “Lenders”), Silver
Point Finance, LLC, a Delaware limited liability company (“Silver Point”), as collateral
agent for the Agents (as hereinafter defined) and the Lenders (in such capacity, together with its
successors and assigns in such capacity, if any, the “Collateral Agent”), and as
administrative agent for the Agents and the Lenders (in such capacity, together with its successors
and assigns in such capacity, if any, the “Administrative Agent” and together with the
Collateral Agent, each an “Agent” and collectively, the “Agents”) and Silver Point
as lead arranger (in such capacity, together with its successors and assigns in such capacity, if
any, the “Lead Arranger”).

          WHEREAS, capitalized terms used in these recitals shall have the respective meanings set forth
in the Credit Agreement unless otherwise defined herein.

 

 

          WHEREAS, the Credit Parties have requested that the Agents and the Lenders amend certain
provisions of the Credit Agreement, subject to the terms and conditions set forth in this
Amendment.

          WHEREAS, the Agent and the Lenders are willing to agree to this requested Amendment, but only
upon the terms and subject to the conditions set forth herein.

          NOW, THEREFORE, in consideration of the foregoing and the mutual promises contained herein,
and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Credit Parties, the Agents and the Lenders hereby agree as follows:

          1. Definitions. All capitalized terms used herein and not otherwise defined herein
are used herein as defined in the Credit Agreement.

          2. Defined Terms in the Credit Agreement. Section 1.1 of the Credit Agreement is
hereby amended, as follows:

               (a) New Definitions. Section 1.1 of the Credit Agreement is hereby amended by adding
the definitions of the following terms thereto, in alphabetical order, to read in their entirety as
follows:

               “‘Twenty-Seventh Amendment’ means the Twenty-Seventh Amendment to the Credit Agreement, dated
as of April 21, 2009, by and among the Credit Parties, the Requisite Lenders and the Agents.”

               “‘Twenty-Seventh Amendment Effective Date’ has the meaning ascribed to the term
“Twenty-Seventh Amendment Effective Date” in the Twenty-Seventh Amendment.”

          3. Section 2.23 — Waiver Reserve. Section 2.23 of the Credit Agreement is hereby
amended by replacing the reference therein to “April 21, 2009” with “April 28, 2009”.

          4. Conditions to Effectiveness. This Amendment shall become effective (the
“Twenty-Seventh Amendment Effective Date”) only upon satisfaction in full of the following
conditions precedent:

          (a) Collateral Agent shall have received counterparts of this Amendment that bear the
signatures of each Credit Party, each Agent and the Requisite Lenders.

          (b) Except as set forth in the Second Amendment, the Third Amendment, the Fourth Amendment,
the Fifth Amendment, the Sixth Amendment, the Seventh Amendment, the Eighth Amendment, the Ninth
Amendment, the Tenth Amendment, the Eleventh Amendment, the Twelfth Amendment, the Thirteenth
Amendment, the Fourteenth Amendment, the Fifteenth Amendment, the Sixteenth Amendment, the
Seventeenth Amendment, the Eighteenth Amendment, the Nineteenth Amendment, the Twentieth Amendment,
the Twenty-First Amendment, the Twenty-Second Amendment, the Twenty-Third Amendment, the
Twenty-Fourth Amendment, the Twenty-Fifth Amendment, the Twenty-Sixth Amendment and this

-2-

 

Amendment, the representations and warranties contained herein, in Section IV of the Credit
Agreement and in each other Credit Document are true and correct in all material respects on and as
of the Twenty-Seventh Amendment Effective Date as though made on and as of such date, except to the
extent that any such representation or warranty expressly relates solely to an earlier date (in
which case such representation or warranty shall be true and correct in all material respects on
and as of such earlier date).

          (c) Borrower shall have paid to Administrative Agent all amounts due and owing to any Agent or
any Lender in connection with this Amendment and the Credit Documents.

          (d) Except as expressly waived herein, no Default or Event of Default shall have occurred and
be continuing on the Twenty-Seventh Amendment Effective Date or would result from this Amendment
becoming effective in accordance with its terms.

          (e) All legal matters incident to this Amendment shall be reasonably satisfactory to the
Agents and their respective counsel.

          5. Representations and Warranties. Each Credit Party represents and warrants as
follows:

          (a) Organization, Good Standing, Etc. Each Credit Party (i) is a corporation, limited
liability company or limited partnership, duly organized, validly existing and in good standing
under the laws of the state or jurisdiction of its organization, (ii) has all requisite power and
authority to execute and deliver this Amendment, consummate the transactions contemplated hereby
and perform the Credit Agreement, as amended and modified hereby and (iii) is duly qualified to do
business and is in good standing in each jurisdiction in which the character of the properties
owned or leased by it or in which the transaction of its business makes such qualification
necessary other than in such jurisdictions where the failure to be so qualified and in good
standing could not reasonably be expected to have a Material Adverse Effect.

          (b) Authorization, Etc. The execution, delivery and performance by each Credit Party
of this Amendment and the performance by each Credit Party of the Credit Agreement, as amended and
modified hereby (i) have been duly authorized by all necessary action, (ii) do not and will not
contravene its charter or by-laws, its limited liability company or operating agreement or its
certificate of partnership or partnership agreement, as applicable, or any applicable law, or any
contractual restriction binding on or otherwise affecting it or any of its properties, (iii) do not
and will not result in or require the creation of any Lien (other than pursuant to any Credit
Document) upon or with respect to any of its properties, and (iv) do not and will not result in any
default, noncompliance, suspension, revocation, impairment, forfeiture or nonrenewal of any
material permit, license, authorization or approval applicable to its operations or any of its
properties.

          (c) Governmental Approvals. No authorization or approval or other action by, and no
notice to or filing with, any Governmental Authority is required in connection with the due
execution, delivery and performance by any Credit Party of this Amendment or the performance by any
Credit Party of the Credit Agreement, as amended and modified hereby.

-3-

 

          (d) Enforceability of Credit Documents. Each of this Amendment and the Credit
Agreement, as amended and modified hereby, is a legal, valid and binding obligation of the Credit
Parties which are party hereto or thereto, enforceable against such Credit Parties in accordance
with its terms, except as enforceability may be limited by equitable principles and by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’
rights generally.

          (e) Representations and Warranties; No Default. Except as set forth in the Second
Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth Amendment, the
Seventh Amendment, the Eighth Amendment, the Ninth Amendment, the Tenth Amendment, the Eleventh
Amendment, the Twelfth Amendment, the Thirteenth Amendment, the Fourteenth Amendment, the Fifteenth
Amendment, the Sixteenth Amendment, the Seventeenth Amendment, the Eighteenth Amendment, the
Nineteenth Amendment, the Twentieth Amendment, the Twenty-First Amendment, the Twenty-Second
Amendment, the Twenty-Third Amendment, the Twenty-Fourth Amendment, the Twenty-Fifth Amendment, the
Twenty-Sixth Amendment and this Amendment, the representations and warranties contained herein, in
Section IV of the Credit Agreement and in each other Credit Document are true and correct in all
material respects on and as of the Twenty-Seventh Amendment Effective Date as though made on and as
of such date, except to the extent that any such representation or warranty expressly relates
solely to an earlier date (in which case such representation or warranty shall be true and correct
in all material respects on and as of such earlier date); and, except as expressly waived herein,
no Default or Event of Default shall have occurred and be continuing on the Twenty-Seventh
Amendment Effective Date or would result from this Amendment becoming effective in accordance with
its terms.

          6. Effect of Amendment; Continued Effectiveness of the Credit Agreement.

          (a) Ratifications. Except as otherwise expressly provided herein, (i) the Credit
Agreement and the other Credit Documents are, and shall continue to be, in full force and effect
and are hereby ratified and confirmed in all respects, except that on and after the Twenty-Seventh
Amendment Effective Date (A) all references in the Credit Agreement to “this Agreement”, “hereto”,
“hereof”, “hereunder” or words of like import referring to the Credit Agreement shall mean the
Credit Agreement as amended and modified by this Amendment, and (B) all references in the other
Credit Documents to the “Credit Agreement”, “thereto”, “thereof”, “thereunder” or words of like
import referring to the Credit Agreement shall mean the Credit Agreement as amended and modified by
this Amendment, (ii) to the extent that the Credit Agreement or any other Credit Document purports
to pledge to the Collateral Agent, or to grant to the Collateral Agent a security interest in or
lien on, any collateral as security for the Obligations or the Guaranteed Obligations, such pledge
or grant of a security interest or lien is hereby ratified and confirmed in all respects, and (iii)
the execution, delivery and effectiveness of this Amendment shall not operate as an amendment of
any right, power or remedy of the Agents or the Lenders under the Credit Agreement or any other
Credit Document, nor constitute an amendment of any provision of the Credit Agreement or any other
Credit Document. This Amendment shall be effective only in the specific instances and for the
specific purposes set forth herein and does not allow for any other or further departure from the
terms and conditions of the Credit Agreement or any other Credit Document, which terms and
conditions shall remain in full force and effect.

-4-

 

          (b) No Waivers. Except as expressly set forth herein, this Amendment is not a waiver
of, or consent to, any Default or Event of Default now existing or hereafter arising under the
Credit Agreement or any other Credit Document and the Agents and the Lenders expressly reserve all
of their rights and remedies under the Credit Agreement and the other Credit Documents in respect
of all such Defaults or Events of Default not waived or consented to hereby, by the Second
Amendment, by the Third Amendment, by the Fourth Amendment, by the Fifth Amendment, by the Sixth
Amendment, the Seventh Amendment, the Eighth Amendment, the Ninth Amendment, the Tenth Amendment,
the Eleventh Amendment, the Twelfth Amendment, the Thirteenth Amendment, the Fourteenth Amendment,
the Fifteenth Amendment, the Sixteenth Amendment, Seventeenth Amendment, the Eighteenth Amendment,
the Nineteenth Amendment, the Twentieth Amendment, the Twenty-First Amendment, the Twenty-Second
Amendment, the Twenty-Third Amendment, the Twenty-Fourth Amendment, the Twenty-Fifth Amendment or
the Twenty-Sixth Amendment, under applicable law or otherwise.

          (c) Amendment as Credit Document. Each Credit Party confirms and agrees that this
Amendment shall constitute a Credit Document under the Credit Agreement. Accordingly, it shall be
an Event of Default under the Credit Agreement if any representation or warranty made or deemed
made by any Credit Party under or in connection with this Amendment shall have been incorrect in
any material respect when made or deemed made or if any Credit Party fails to perform or comply
with any covenant or agreement contained herein.

          7. Release. Each Credit Party hereby acknowledges and agrees that: (a) neither it
nor any of its Affiliates has any claim or cause of action against any Agent, the Borrowing Base
Agent or any Lender (or any of their respective Affiliates, officers, directors, employees,
attorneys, consultants or agents) and (b) each Agent, the Borrowing Base Agent, and each Lender has
heretofore properly performed and satisfied in a timely manner all of its obligations to the Credit
Parties and their Affiliates under the Credit Agreement and the other Credit Documents.
Notwithstanding the foregoing, the Agents, the Borrowing Base Agent and the Lenders wish (and the
Credit Parties agree) to eliminate any possibility that any past conditions, acts, omissions,
events or circumstances would impair or otherwise adversely affect any of the Agents’, the
Borrowing Base Agent’s and the Lenders’ rights, interests, security and/or remedies under the
Credit Agreement and the other Credit Documents. Accordingly, for and in consideration of the
agreements contained in this Amendment and other good and valuable consideration, each Credit Party
(for itself and its Affiliates and the successors, assigns, heirs and representatives of each of
the foregoing) (collectively, the “Releasors”) does hereby fully, finally, unconditionally
and irrevocably release and forever discharge each Agent, the Borrowing Base Agent, each Lender and
each of their respective Affiliates, officers, directors, employees, attorneys, consultants and
agents (collectively, the “Released Parties”) from any and all debts, claims, obligations,
damages, costs, attorneys’ fees, suits, demands, liabilities, actions, proceedings and causes of
action, in each case, whether known or unknown, contingent or fixed, direct or indirect, and of
whatever nature or description, and whether in law or in equity, under contract, tort, statute or
otherwise (collectively, “Claims”), which any Releasor has heretofore had or now or
hereafter can, shall or may have against any Released Party by reason of any act, omission or thing
whatsoever done or omitted to be done (collectively, “Actions”) on or prior to the
Twenty-Seventh Amendment Effective Date arising out of, connected with or related in any way to
this Amendment, the Credit Agreement or any other Credit Document, or any act, event or transaction
related or attendant thereto done or omitted to be done on or prior to the Twenty-

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Seventh Amendment Effective Date, or the agreements of any Agent, the Borrowing Base Agent or
any Lender contained therein, or the possession, use, operation or control of any of the assets of
any Credit Party, or the making of any Loans or other advances, or the management of such Loans or
advances or the Collateral on or prior to the Twenty-Seventh Amendment Effective Date. For the
avoidance of doubt, nothing contained in this Amendment shall be deemed to release or discharge any
Released Party from any Claims arising out of, in connection with or related in any way to Actions
occurring after the date of this Amendment.

          8. Miscellaneous.

          (a) Counterparts. This Amendment may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which shall be deemed to be an original,
but all of which taken together shall constitute one and the same agreement. Delivery of an
executed counterpart of this Amendment by telefacsimile or electronic mail shall be equally
effective as delivery of an original executed counterpart of this Amendment.

          (b) Headings. Section and paragraph headings herein are included for convenience of
reference only and shall not constitute a part of this Amendment for any other purpose.

          (c) Governing Law. This Amendment shall be governed by, and construed in accordance
with, the laws of the State of New York.

          (d) Expenses. The Borrower will pay on demand all reasonable fees, costs and expenses
of the Agents, the Borrowing Base Agent and the Lenders in connection with the preparation,
execution and delivery of this Amendment and all documents incidental hereto, including, without
limitation, the reasonable fees, disbursements and other charges of Schulte Roth & Zabel LLP,
counsel to Administrative Agent and Collateral Agent, and of McGuireWoods LLP, counsel to Borrowing
Base Agent. In addition, the Borrower will pay all costs and expenses, including attorneys’ fees
(including allocated costs of internal counsel) and costs of settlement, incurred by any Agent,
Borrowing Base Agent and Lenders in enforcing any Obligations of or in collecting any payments due
from any Credit Party hereunder or under the other Credit Documents by reason of any Default or
Event of Default (including in connection with the sale of, collection from, or other realization
upon any of the Collateral or the enforcement of the Guaranty) or in connection with any
refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work
out” or pursuant to any insolvency or bankruptcy cases or proceedings (including, without
limitation, the costs and expenses of any advisers retained by Agents, the Borrowing Base Agent and
Lenders; provided, that so long as no Event of Default has occurred and is continuing the
Borrower shall not be responsible for costs and expenses of CRS in excess of $25,000).

[Remainder of this page intentionally left blank]

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

	 	 	 	 	 
	 	BORROWER:

PROLIANCE INTERNATIONAL, INC.

 	 
	 	By:  	/s/ Arlen F. Henock
 	 
	 	 	Name:  	Arlen F. Henock 	 
	 	 	Title:  	Executive Vice President, Chief

Financial Officer 	 
	 
	 	GUARANTORS:

AFTERMARKET LLC

 	 
	 	By:  	/s/ Arlen F. Henock
 	 
	 	 	Name:  	Arlen F. Henock 	 
	 	 	Title:  	Vice President 	 
	 
	 	AFTERMARKET DELAWARE CORPORATION

 	 
	 	By:  	/s/ Arlen F. Henock
 	 
	 	 	Name:  	Arlen F. Henock 	 
	 	 	Title:  	Vice President 	 
	 
	 	PROLIANCE INTERNATIONAL HOLDING CORPORATION

 	 
	 	By:  	/s/ Arlen F. Henock
 	 
	 	 	Name:  	Arlen F. Henock 	 
	 	 	Title:  	President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	AGENTS AND LEAD ARRANGER:

SILVER POINT FINANCE, LLC, as 

Administrative Agent, Lead Arranger and 

Collateral Agent

 	 
	 	By:  	/s/ Zachary M. Zeitlin
 	 
	 	 	Name:  	Zachary M. Zeitlin 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	LENDERS:

SPF CDO I, LTD., as a Lender

 	 
	 	By:  	/s/ Zachary M. Zeitlin
 	 
	 	 	Name:  	Zachary M. Zeitlin 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	FIELD POINT I, LTD. as a Lender

 	 
	 	By:  	/s/ Zachary M. Zeitlin
 	 
	 	 	Name:  	Zachary M. Zeitlin 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	FIELD POINT II, LTD. as a Lender

 	 
	 	By:  	/s/ Zachary M. Zeitlin
 	 
	 	 	Name:  	Zachary M. Zeitlin 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	FIELD POINT III, LTD. as a Lender

 	 
	 	By:  	/s/ Zachary M. Zeitlin
 	 
	 	 	Name:  	Zachary M. Zeitlin 	 
	 	 	Title:  	Authorized Signatory 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	FIELD POINT IV, LTD. as a Lender

 	 
	 	By:  	/s/ Zachary M. Zeitlin
 	 
	 	 	Name:  	Zachary M. Zeitlin 	 
	 	 	Title:  	Authorized Signatory 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BORROWING BASE AGENT AND LENDER:

WELLS FARGO FOOTHILL, LLC, as 

Borrowing Base Agent and a Lender

 	 
	 	By:  	

/s/ Jonathan Boynton
 	 
	 	 	Name:  	Jonathan Boynton 	 
	 	 	Title:  	VP

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