Document:

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Exhibit 10.2

TEXAS CAPITAL BANCSHARES, INC.

AMENDED AND RESTATED DEFERRED COMPENSATION AGREEMENT

IRREVOCABLE TRUST

     THIS AMENDED AND RESTATED IRREVOCABLE TRUST AGREEMENT is made this 2nd day of
November 2004 by and between Texas Capital Bancshares, Inc. (“Bancshares”) and Texas Capital Bank,
National Association (the “Trustee”).

     WHEREAS, Bancshares has adopted a nonqualified deferred compensation agreement (the “Deferred
Compensation Agreement”) by and between Bancshares and Joseph M. Grant (the “Employee”); and

     WHEREAS, Bancshares has incurred or expects to incur liability under the terms of such
Deferred Compensation Agreement with respect to the Employee; and

     WHEREAS, Bancshares has granted Employee 90,000 restricted stock units (the “Restricted Stock
Units”) pursuant to the Amended and Restated Texas Capital Bancshares, Inc. 1999 Omnibus Stock Plan
(the “Stock Plan”, and collectively with the Deferred Compensation Agreement, the “Compensation
Agreements”); and

     WHEREAS, Bancshares has established this trust (hereinafter called the “Trust”) and has
contributed to the Trust, assets that shall be held herein, subject to the claims of Bancshares’
creditors in the event of Bancshares’ Insolvency (as herein defined) until paid to the Employee and
his beneficiaries in such manner and at such times as specified in the Compensation Agreements; and

     WHEREAS, Bancshares desires to amend and restate the Trust for the purpose of (i) amending and
restating that certain Deferred Compensation Trust by and between Bancshares and Northern Trust
Bank of Texas, N.A. (“Northern Trust”), dated December 20, 1999, (ii) replacing Northern Trust as
the trustee, and (iii) including the Restricted Stock Units as assets held by the Trust; and

     WHEREAS, it is the intention of the parties that this Trust shall constitute an unfunded
arrangement and shall not affect the status of either of the Compensation Agreements as an unfunded
arrangement; and

     WHEREAS, it is the intention of Bancshares to make contributions to the Trust to provide
itself with a source of funds to assist it in the meeting of its liabilities under the Deferred
Compensation Agreement.

     NOW, THEREFORE, the parties do hereby establish the Trust and agree that the Trust shall be
comprised, held and disposed of as follows:

 

 

Section 1. ESTABLISHMENT OF TRUST

1.1 Bancshares has previously deposited with Trustee, in trust, the sum of $100 that became the
initial principal of the Trust to be held, administered and disposed of by Trustee as provided in
this Trust Agreement. Subsequent to such initial deposit, Bancshares has deposited with Trustee
certain shares of Bancshares common stock to be held by the Trustee. Concurrently with the
amendment and restatement of this Trust Agreement, Bancshares will deposit certain additional
shares of Bancshares common stock which underlie issued and vested Restricted Stock Units.

1.2 The Trust hereby established shall be irrevocable.

1.3 The Trust is intended to be a grantor trust, of which Bancshares is the grantor, within the
meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Internal Revenue Code of
1986, as amended, and shall be construed accordingly.

1.4 The principal of the Trust, and any earnings thereon shall be held separate and apart from
other funds of Bancshares and shall be used exclusively for the uses and purposes of the Employee
and general creditors as herein set forth. The Employee and his beneficiaries shall have no
preferred claim on, or any beneficial ownership interest in, any assets of the Trust. Any rights
created under the Compensation Agreements and this Trust Agreement shall be mere unsecured
contractual rights of the Employee and his beneficiaries against Bancshares. Any assets held by
the Trust will be subject to the claims of Bancshares’ general creditors under federal and state
law in the event of Insolvency.

1.5 Bancshares may, in its sole discretion, at any time, or from time to time, make additional
deposits with the Trustee to augment the principal to be held, administered, or disposed of by
Trustee as provided in this Trust Agreement. Neither Trustee nor the Employee nor any beneficiary
shall have any right to compel such additional deposits.

Section 2. PAYMENTS TO EMPLOYEE AND HIS BENEFICIARIES.

2.1 Bancshares shall deliver to Trustee a schedule (the “Payment Schedule”) that indicates the
amounts payable in respect of the Employee (and his beneficiaries), that provides directions to
Trustee regarding the amounts so payable, the form in which such amount is to be paid (as provided
for or available under the Compensation Agreements), and the time of commencement for payment of
such amounts. Except as otherwise provided herein, Trustee shall make payments to the Employee and
his beneficiaries in accordance with such Payment Schedule. Bancshares shall have the sole
responsibility for all tax withholding filings and reports. Trustee shall withhold such amounts
from distributions as Bancshares directs and shall follow the instructions of Bancshares with
respect to remission of such withheld amounts to appropriate governmental authorities.

2.2 The entitlement of the Employee or his beneficiaries to benefits under the Compensation
Agreements shall be determined by Bancshares or such party as it shall designate under the
Compensation Agreements, and any claim for such benefits shall be considered and reviewed under the
procedures set out in the Compensation Agreements.

2.3 Bancshares may make payment of benefits directly to the Employee or his beneficiaries as they
become due under the terms of the Compensation Agreements. Bancshares shall notify

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Trustee of its decision to make payment of benefits directly prior to the time amounts are payable
to the Employee or his beneficiaries. In addition, if the principal of the Trust, and any earnings
thereon, are not sufficient to make payments of benefits in accordance with the terms of the
Compensation Agreements, Bancshares shall make the balance of each such payment as it falls due.
Trustee shall notify Bancshares where principal and earnings are not sufficient to make a payment
then due under the Payment Schedule.

		
	Section 3. 	TRUSTEE RESPONSIBILITY REGARDING PAYMENTS TO TRUST BENEFICIARY WHEN BANCSHARES IS INSOLVENT.

3.1 Trustee shall cease payment of benefits to the Employee and his beneficiaries if Bancshares is
Insolvent. Bancshares shall be considered “Insolvent” for purposes of this Trust Agreement if (i)
Bancshares is unable to pay its debts as they become due, (ii) Bancshares is subject to a pending
proceeding as a debtor under the United States Bankruptcy Code; or (iii) Bancshares is determined
to be Insolvent by a state or federal regulatory banking authority exercising jurisdiction over
Bancshares.

3.2 At all times during the continuance of this Trust, as provided in Section 1 hereof, the
principal and income of the Trust shall be subject to claims of general creditors of Bancshares
under federal and state law as set forth below.

          (a.) The board of directors and the Chief Executive Officer of Bancshares shall have the duty
to inform Trustee in writing of Bancshares’ Insolvency. If a person claiming to be a creditor of
Bancshares alleges in writing to Trustee that Bancshares has become Insolvent, Trustee shall
determine whether Bancshares is Insolvent and, pending such determination, Trustee shall
discontinue payment of benefits to the Employee or his beneficiaries.

          (b.) Unless Trustee has actual knowledge of Bancshares’ Insolvency, or has received notice
from Bancshares or a person claiming to be a creditor alleging that Bancshares is Insolvent,
Trustee shall have no duty to inquire whether Bancshares is Insolvent. Trustee may in all events
rely on such evidence concerning Bancshares’ solvency as may be furnished to Trustee and that
provides Trustee with a reasonable basis for making a determination concerning Bancshares’
solvency. In no event shall “actual knowledge” be deemed to include knowledge of Bancshares’
credit status held by banking officers or banking employees of Trustee that has not been
communicated to the trust department of Trustee. Trustee may appoint an independent accounting,
consulting or law firm to make any determination of solvency required by Trustee under this Section
3. In such event, Trustee may conclusively rely upon the determination by such firm and shall be
responsible only for the prudent selection of such firm.

          (c.) If at any time the board of directors or the Chief Executive Officer of Bancshares
notifies the Trustee or Trustee has determined that Bancshares is Insolvent, Trustee shall
discontinue payments to the Employee or his beneficiaries and shall hold the assets of the Trust
for the benefit of Bancshares’ general creditors. Nothing in this Trust Agreement shall in any way
diminish any rights of Employee or his beneficiaries to pursue their rights as general creditors of
Bancshares with respect to benefits due under the Compensation Agreements or otherwise.

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     (d.) Trustee shall resume the payment of benefits to Employee or his beneficiaries in
accordance with Section 2 of this Trust Agreement only after Trustee has determined that Bancshares
is not Insolvent (or is no longer Insolvent).

3.3 Provided that there are sufficient assets, if Trustee discontinues the payment of benefits from
the Trust pursuant to Section 3 hereof and subsequently resumes such payments, the first payment
following such discontinuance shall include the aggregate amount of all payments due to Employee or
his beneficiaries under the terms of the Compensation Agreements for the period of such
discontinuance, less the aggregate amount of any payments made to the Employee or his beneficiaries
by Bancshares in lieu of the payments provided for hereunder during any such period of
discontinuance, all in accordance with the Payment Schedule, which shall be modified by Bancshares
as necessary to comply with the provisions of this subparagraph 3.3.

Section 4. AUTHORITY.

4.1 Bancshares shall have sole investment responsibility for the assets of the Trust, and the
Trustee shall act with respect to such assets only as directed by Bancshares and shall have no
investment review responsibility therefor; provided, that subject to written investment
guidelines issued by Bancshares to the Trustee from time to time, the Trustee shall have
responsibility for the short-term investment of any cash balances held in the Trust. Upon a cash
contribution to the Trust by Bancshares pursuant to Section 1.5, Bancshares shall direct the
Trustee to, as soon as practicable, purchase on behalf of the Trust, Bancshares common stock at a
price solely determined by Bancshares. All rights associated with Bancshares common stock held by
the Trustee shall be exercised by the Trustee only as directed by Bancshares and in no event shall
be exercisable by the Employee.

4.2 The Trustee shall have sole responsibility for exercising all voting rights associated with
Bancshares common stock held by Trustee. The Trustee shall cast all votes, with respect to all
matters, in accordance with the recommendation of Bancshares’ board of directors, as set forth in
any proxy statement filed by Bancshares’ board of directors with the Securities and Exchange
Commission.

Section 5. DISPOSITION OF INCOME.

5.1 During the term of this Trust, all income received by the Trust, net of expenses and taxes,
shall be accumulated and reinvested in accordance with Section 4 hereof.

Section 6. ACCOUNTING BY TRUSTEE.

6.1 Trustee shall keep accurate and detailed records of all investments, receipts, disbursements,
and all other transactions required to be made, including such specific records as shall be agreed
upon in writing between Bancshares and Trustee. Within 30 days following the close of each
calendar year and within 30 days after the removal or resignation of Trustee, Trustee shall deliver
to Bancshares a written account of its administration of the Trust during such year or during the
period from the close of the last preceding year to the date of such removal or resignation,
setting forth all investments, receipts, disbursements and other transactions effected by it,
including a description of

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all securities and investments purchased and sold with the cost or net proceeds of such purchases
or sales (accrued interest paid or receivable being shown separately), and showing all cash,
securities and other property held in the trust at the end of such year or as of the date of such
removal or resignation, as the case may be. In the absence of the filing in writing with Trustee
by Bancshares of exceptions or objections to any such account within 90 days, Bancshares shall be
deemed to have approved such account; in such case, or upon the written approval by Bancshares of
any such account, Trustee shall be released, relieved and discharged with respect to all matters
and things set forth in such account as though such account had been settled by the decree of a
court of competent jurisdiction. Trustee may conclusively rely on determinations of Bancshares of
valuations for the assets of the Trust for which Trustee deems there to be no readily determinable
fair market value.

Section 7. RESPONSIBILITY OF TRUSTEE.

7.1 Trustee shall act with the care, skill, prudence and diligence under the circumstances then
prevailing that a prudent person acting in like capacity and familiar with such matters would use
in the conduct of an enterprise of a like character and with like aims; provided,
however, that Trustee shall incur no liability to any person for any action taken pursuant
to a direction, request or approval given in writing by Bancshares. In the event of a dispute
between Bancshares and a party, Trustee may apply to a court of competent jurisdiction to resolve
the dispute.

7.2 If Trustee undertakes or defends any litigation arising in connection with this Trust,
Bancshares agrees to indemnify trustee against trustee’s costs, expenses and liabilities
(including, without limitation, attorneys’ fees and expenses) relating thereto and to be primarily
liable for such payments if Bancshares does not pay such costs, expenses and liabilities in a
reasonably timely manner, trustee may obtain payment from the trust.

7.3 Trustee may hire agents, accountants, actuaries, investment advisors, financial consultants or
other professionals to assist it in performing any of its duties or obligations hereunder.

7.4 Notwithstanding any powers granted to Trustee pursuant to this Trust Agreement or applicable
law, Trustee shall not have any power that could give this Trust the objective of carrying on a
business and dividing the gains therefrom, within the meaning of Treasury Regulation Section
301.7701-2.

7.5 The duties of Trustee shall be governed solely by the terms of the Trust without reference to
the terms of the Compensation Agreements.

7.6 Bancshares (which has authority to do so under the laws of its state of incorporation) shall
indemnify Trustee and defend it and hold it harmless from and against any and all liabilities,
losses, claims, suits or expenses (including attorneys’ fees) of whatsoever kind and nature which
may be imposed upon, asserted against or incurred by Trustee at any time by reason of its carrying
out its responsibilities or providing services under this Trust Agreement, or its status as
Trustee, or by reason of the breach by Bancshares of any representation or warranty made under this
Trust Agreement, or by reason of any act or failure to act under the Trust Agreement, except to the
extent that any such liability, loss, claim, suit or expense arises directly from Trustee’s
negligence or willful misconduct in the performance of responsibilities specifically allocated to
it under the Trust Agreement. This paragraph shall survive the termination of this Trust
Agreement.

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7.7 Trustee shall not be liable for any delay in performance, or non-performance, or any obligation
hereunder to the extent that such obligation is due to forces beyond Trustee’s reasonable control,
including but not limited to delays, errors or interruptions caused by third parties; any
industrial, juridical, governmental, civil or military action; acts of terrorism, insurrection or
revolution; nuclear fusion, fission or radiation; failure or fluctuation in electrical power, heat,
light, air conditioning or telecommunications equipment; or acts of God.

Section 8. COMPENSATION AND EXPENSES OF TRUSTEE.

8.1 Bancshares shall pay all of Trustee’s fees, expenses and administrative costs. If not so paid,
the fees and expenses shall be paid from the Trust.

Section 9. RESIGNATION AND REMOVAL OF TRUSTEE.

9.1 Trustee may resign at any time by written notice to Bancshares, which shall be effective 30
days after receipt of such notice unless Bancshares and Trustee agree otherwise.

9.2 Trustee may be removed by Bancshares on 30 days notice or upon shorter notice accepted by
Trustee.

9.3 Upon resignation or removal of Trustee and appointment of a successor Trustee, all assets shall
subsequently be transferred to the successor Trustee. The resigning or removed Trustee is
authorized, however, to reserve the amount as necessary for the payment of fees and expenses
incurred prior to resignation or removal. The transfer shall be completed within 30 days after
receipt of notice of resignation, removal or transfer, unless Bancshares extends the time limit.
Bancshares’s consent to extension of such time limit shall not be unreasonably withheld.

9.4 If Trustee resigns or is removed, a successor shall be appointed, in accordance with Section 10
hereof, by the effective date of resignation or removal under this Section. If no such appointment
has been made, Trustee may apply to a court of competent jurisdiction for appointment of a
successor or for instructions. All expenses of Trustee in connection with the proceeding shall be
allowed as administrative expenses of the Trust.

Section 10. APPOINTMENT OF SUCCESSOR.

10.1 If Trustee resigns or is removed in accordance with section 9 hereof, Bancshares may appoint
any independent third party, such as a bank trust department or other party that may be granted
corporate trustee powers under state law, as a successor to replace trustee upon resignation or
removal. The appointment shall be effective when accepted in writing by the new Trustee, who shall
have all of the rights and powers of the former Trustee, including ownership rights in the Trust
assets. The former Trustee shall execute any instrument necessary or reasonably requested by
Bancshares or the successor Trustee to evidence the transfer.

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Section 11. AMENDMENT OR TERMINATION.

11.1 This Trust Agreement may be amended by a written instrument executed by Trustee and
Bancshares. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the
Compensation Agreements, as certified to by Bancshares (upon which certification Trustee may
conclusively rely), or shall make the Trust revocable.

11.2 The Trust shall not terminate until the date on which there are no longer any assets held in
the Trust or Employee and his beneficiaries are no longer entitled to benefits pursuant to the
terms of the Compensation Agreements, as certified to by Bancshares (upon which certification
Trustee may conclusively rely), and Trustee shall bear no responsibility therefor. Upon
termination of the Trust any assets remaining in the Trust shall be returned to Bancshares.

11.3 Upon written approval of the Employee or his beneficiaries entitled to payment of benefits
pursuant to the terms of the Compensation Agreements, Bancshares may terminate this Trust prior to
the time all benefit payments under the Compensation Agreements have been made. All assets in the
Trust at termination shall be returned to Bancshares. Such approval shall be obtained and
certified to by Bancshares (upon which certification Trustee may conclusively rely), and Trustee
shall have no responsibility therefor.

Section 12. MISCELLANEOUS.

12.1 Any provision of this Trust Agreement prohibited by law shall be ineffective to the extent of
any such prohibition, without invalidating the remaining provisions hereof.

12.2 Benefits payable to the Employee and his beneficiaries under this Trust Agreement may not be
anticipated, assigned (either at law or in equity), alienated, pledged, encumbered or subjected to
attachment, garnishment, levy, execution or other legal or equitable process.

12.3 This Trust Agreement shall be governed by and construed in accordance with the laws of the
State of Texas; provided, however, that the Uniform Prudent Investor Act, as
effective in the State of Texas, shall not govern Trustee’s actions under the Trust.

12.4 Any action required to be taken by the Bancshares shall be by resolution of its board of
directors or by written direction of one or more of its president, any vice president or treasurer.
The Trustee may rely upon a resolution or direction filed with the Trustee and shall have no
responsibility for any action taken by the Trustee in accordance with any such resolution or
direction.

12.5 Bancshares represents and warrants that the Compensation Agreements are an unfunded deferred
compensation arrangement that is not a pension plan subject to the Employee Retirement Income
Security Act of 1974.

12.6 In making payments to service providers pursuant to authorized directions, Bancshares
acknowledges that the Trustee is acting as paying agent, and not as the payor, for tax information
reporting and withholding purposes.

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12.7 This Agreement shall inure to the benefit of, and be binding upon, each of the parties and
their respective successors and assigns.

Section 13. EFFECTIVE DATE.

13.1 The effective date of this Trust Agreement shall be the 2nd day of November 2004.

In WITNESS WHEREOF, Bancshares and Trustee have caused this Trust Agreement to be executed by its
duly authorized officers as of the date first above written.

	 	 	 
	Texas Capital Bancshares, Inc.

	 	Texas Capital Bank, National

Association, as Trustee
	 
	 	 
	By: /s/ Peter B. Bartholow

	 	By: /s/ David A. Folz
	 

	 	 
	Peter B. Bartholow

	 	Name: David A. Folz
	Chief Financial Officer

	 	Title: Executive Vice President

(CORPORATE SEAL)

The undersigned, Larry A. Makel, does hereby certify that he/she is the duly elected, qualified and
acting Secretary of Texas Capital Bancshares, Inc. (“Bancshares”) and further certifies that the
person whose signature appears above is a duly elected, qualified and acting officer of Bancshares
with full power and authority to execute this Trust Agreement on behalf of Bancshares and to take
such other actions and execute such other documents as may be necessary to effectuate this
Agreement.

/s/ Larry A. Makel                    

Larry A. Makel

Secretary

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EXHIBIT 10.10

FIRST AMENDMENT TO REVOLVING CREDIT

AND TERM LOAN AGREEMENT

     THIS FIRST AMENDMENT TO REVOLVING CREDIT AND TERM LOAN AGREEMENT (this “Amendment”) dated as
of September 16, 2004, is by and among COMMERCIAL VEHICLE GROUP, INC., a Delaware corporation (the
“Company”), the SUBSIDIARY BORROWERS parties hereto, the FOREIGN CURRENCY BORROWERS parties
hereto, the BANKS parties hereto, U.S. BANK NATIONAL ASSOCIATION, a national banking association,
one of the Banks, as administrative agent for the Banks (in such capacity, the “Agent”) and
COMERICA BANK, a Michigan banking corporation, one of the Banks, as syndication agent for the Banks
(in such capacity, the “Syndication Agent”).

     WHEREAS, the Company, the Subsidiary Borrowers, the Foreign Currency Borrowers, certain Banks,
the Agent and the Syndication Agent are parties to a Revolving Credit and Term Loan Agreement dated
as of August 10, 2004 (the “Loan Agreement”);

     WHEREAS, certain lenders, namely Associated Bank, N.A., Citizens Bank of Pennsylvania,
National City Bank of the Midwest, SunTrust Bank and PNC Bank, National Association (collectively,
the “New Banks”) are to be added as “Banks” under the Loan Agreement, thereby reallocating the
Commitments as provided in this Amendment; and

     WHEREAS, certain revisions are to be made to the mechanics of Foreign Currency borrowing under
the Loan Agreement.

     NOW, THEREFORE, for value received, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     1. Certain Defined Terms. Each capitalized term used herein without being defined
herein that is defined in the Loan Agreement shall have the meaning given to it therein.

     2. Concerning the New Banks.

     (a) Addition of New Banks. Subject to Section 5(d) hereof, upon and after the
Effective Date (defined below), each of the New Banks hereby becomes a party, as a Bank, to
the Loan Agreement with Commitments as stated in the amended Schedule 1.1(b) to the Loan
Agreement attached hereto as Exhibit A, and the parties hereto, other than the New Banks,
each acknowledge and consent to such actions by the New Banks. Upon and after the Effective
Date, the New Banks shall each be a Bank under the Loan Agreement and the other Loan
Documents to which the Banks are parties and shall have all of the rights, privileges and
benefits of a Bank under the Loan Agreement and the other Loan Documents, and all of the
duties of a Bank thereunder, in each case as if such New Bank had been initially a party to
the Loan Agreement. Upon the Effective Date (defined below), the New Banks shall make
Advances as calculated by the Agent so that their outstanding Advances are equal to their
ratable shares of all Advances outstanding on such date and the Agent shall distribute the
proceeds of such Advances to Comerica Bank and U.S. Bank as applicable in accordance with
their ratable share of all Advances outstanding on the Effective Date, in each case after
giving effect to this Amendment, but

 

 

prior to any additional Advances requested by the Borrowers to be made (if any) on the
Effective Date.

     (b) Interest and Fees. From and after the Effective Date, all interest and all
Revolving Commitment Fees and Letter of Credit Fees accrued under Section 2.16 of the Loan
Agreement for the billing period in which the Effective Date falls shall be paid to the
Agent as provided in the Loan Agreement, and distributed by the Agent (i) with respect to
amounts accrued before the Effective Date, to the Banks (other than the New Banks) and (ii)
with respect to amounts accrued on or after the Effective Date, to the New Banks and the
other Banks in accordance with the terms of the Loan Agreement.

     (c) Copies of Loan Documents. The Agent represents and warrants to the New
Banks that the copies of the Loan Documents and the related agreements, certificates, and
opinion letters previously delivered to the New Banks are true and correct copies of the
Loan Documents and related agreements, certificates, and opinion letters executed by and/or
delivered in connection with the closing of the credit facilities contemplated by the Loan
Agreement, other than the Fee Letter.

     (d) No Representation or Warranty by Banks. The New Banks agree and
acknowledge that no Bank nor the Agent nor the Syndication Agent (i) makes any
representation or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with the Loan Documents or the
execution, legality, validity, enforceability, genuineness, sufficiency or value of any of
the Loan Documents or any other instrument or document furnished pursuant thereto or (ii)
makes any representation or warranty and assume any responsibility with respect to the
financial condition of the Borrowers, or the performance or observance by the Borrowers or
any other Person of any of their respective obligations under the Loan Documents or any
other instrument or document furnished pursuant thereto.

     (e) No Reliance By New Banks. Each of the New Banks (i) confirms to each other
New Bank, each other Bank, the Agent and the Syndication Agent that it has received a copy
of the Loan Documents together with such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this Amendment; and
(ii) acknowledges that it has, independently and without reliance upon the Agent, the
Syndication Agent or any other Bank or New Bank and instead in reliance upon its own review
of such documents and information as the New Bank deems appropriate, made its own credit
analysis and decision to enter into this Amendment and the Loan Documents and agrees that it
will, independently and without reliance upon the Agent, the Syndication Agent or any other
Bank or New Bank, and based on such documents and information as each New Bank shall deem
appropriate at the time, continue to make its own credit decision in taking or not taking
action under the Loan Documents.

     3. Amendments to Loan Agreement. The Loan Agreement is hereby amended as follows:

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     (a) All references to the “Banks” in the Loan Agreement shall include each of the New
Banks.

     (b) The definition of “Borrowing Base” is revised by deleting “Subsidiary” therefrom.

     (c) The definition of “Foreign Currency Advance” is replaced with the following:

     “Foreign Currency Advance”: The Term Loans (Foreign Currency) and any
portion of the outstanding Revolving Loans that is made in the Foreign Currency. A
Foreign Currency Advance shall be a Eurocurrency Rate Advance.

     (d) A new definition is added which provides:

     “Foreign Currency Funding Agent”: U.S. Bank National Association.

     (e) New definitions are added in the appropriate alphabetical order as follows:

     “Related Agreement”: Any document or instrument executed and delivered
by the Borrower or any Subsidiary to effect the Merger or the IPO.

     “U.S. Bank”: U.S. Bank National Association.

     (f) Section 2.1(c) is replaced with the following:

     “Term Loans (Foreign Currency)”: A term loan from each Bank (each
being a “Term Loan (Foreign Currency)” and, collectively, the “Term
Loans (Foreign Currency)”) to the Borrowers on the Closing Date in an amount
from each Bank equal to its Term Loan Commitment Amount (Foreign Currency). The
Term Loans (Foreign Currency) and any portion of the balance thereof (in minimum
amounts of £1,500,000.00) shall be made and maintained in Foreign Currency and shall
constitute Foreign Currency Advances.

     (g) Section 2.5 is revised by replacing the third sentence thereof with the following:

The Borrower’s Agent shall give the Agent (or, as to Foreign Currency Advances, the
Foreign Currency Funding Agent with a copy thereof to the Agent) written notice of
any continuation or conversion of any Advances and such notice must be given so as
to be received by the Agent (or, as to Foreign Currency Advances, the Foreign
Currency Funding Agent) (a) not later than 1:00 p.m. (Minneapolis time) three
Eurocurrency Business Days prior to the requested date of conversion or continuation
in the case of the continuation of, or the conversion to, Eurocurrency Rate Advances
denominated in U.S. Dollars and (b) not later than 1:00 p.m. (local time of the
Foreign Currency Funding Agent) four Eurocurrency Business Days prior to the
requested date of confirmation of Eurocurrency Rate Advances denominated in Foreign
Currency.

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     (h) Section 2.6(c) is replaced with the following:

     The Term Loans (Foreign Currency)

     (i) Subject to paragraph (ii) below, each Eurocurrency Rate Advance shall bear
interest on the unpaid principal amount thereof during the Interest Period
applicable thereto at a rate per annum equal to the sum of (A) the Adjusted
Eurocurrency Rate for such Interest Period, plus (B) the Applicable Margin.

     (ii) Upon the occurrence and during the continuance of any Event of Default,
each Advance shall, at the option of the Agent or the Required Banks after written
notice thereof to the Borrower’s Agent (or, upon the occurrence and during the
continuance of any Event of Default under Section 7.1(f) or (g), each Advance shall
automatically), bear interest until paid in full during the balance of any Interest
Period applicable to such Advance, at a rate per annum equal to the sum of the rate
applicable to such Advance during such Interest Period plus 2.0%.

     (iii) Interest shall be payable (A) with respect to each Eurocurrency Rate
Advance having an Interest Period of three months or less on the last day of the
Interest Period applicable thereto; (B) with respect to any Eurocurrency Rate
Advance having an Interest Period greater than three months, on the last day of the
Interest Period applicable thereto and on each day that would have been the last day
of the Interest Period for such Advance had successive Interest Periods of three
months duration been applicable to such Advance; and (C) with respect to all Term
Loans (Foreign Currency), on the Term Loan Termination Date; provided that
interest under Section 2.6(b)(ii) shall be payable on demand.

     (i) Section 2.8(g) is revised by deleting therefrom: “(or, as to Foreign Currency
Advances, £500,000)” and “(or, as to Foreign Currency Advances, £50,000)”.

     (j) Sections 6.4(k) and 6.4(v) are amended by deleting the clause “Section 5.12” as it
appears therein and by substituting in lieu thereof the clause “Section 5.15”.

     (k) Section 6.5(d) is amended by deleting the clause “subsection 6.1(i)” as it appears
therein and by substituting in lieu thereof the clause “subsection 6.1(h)”.

     (l) Section 6.9 is amended by deleting the clause “Section 5.13” as it appears therein
and by substituting in lieu thereof the clause “Section 5.12(c)”.

     (m) Section 6.13 is amended by deleting the clause “Sections 5.3 and 6.4” as it appears
therein and by substituting in lieu thereof the clause “Sections 6.3 and 6.4”.

     (n) Section 9.1(d) is amended by deleting the clause “provided in any of the other Loan
Documents” and by substituting in lieu thereof the clause “permitted under Section 6.2”.

     (o) Section 9.6(c) is amended by deleting the first sentence thereof and replacing it
with the following:

4

 

Each Bank may, from time to time, with the consent of the Agent and the
Borrowers’ Agent (neither of which consents shall be unreasonably withheld
or delayed; and if an Event of Default shall have occurred and be
continuing, then consent of the Borrowers’ Agent shall not be required),
assign to other lenders (“Assignees”) all or part of its rights or
obligations hereunder or under any Loan Document in a minimum amount of
$5,000,000 then held by that Bank, pursuant to written agreements executed
by such assigning Bank, such Assignee(s), the Borrowers and the Agent in
substantially the form of Exhibit 9.6, which agreements shall
specify in each instance the portion of the Obligations evidenced by the
Revolving Notes and Term Notes and Term Notes (Foreign Currency) which is to
be assigned to each Assignee and the portion of the Revolving Commitment and
Term Loan Commitment and Term Loan Commitment (Foreign Currency) of such
Bank to be assumed by each Assignee (each, an “Assignment
Agreement”); provided, however, that the assigning Bank
must pay to the Agent a processing and recordation fee of $5,000 per
assignment.

     (p) Schedule 1.1(b) to the Loan Agreement is hereby amended in its entirety to read as
set forth on Exhibit A to this Amendment, which Exhibit A is hereby made a part of the Loan
Agreement as Schedule 1.1(b) thereto.

     (q) The addresses for notices for the New Banks and their Applicable Lending Offices
shall be as set forth on the signature pages to this Amendment until changed in accordance
with the terms of the Loan Agreement.

     4. Replaced Notes. Upon the Effective Date, the Agent and the Syndication Agent shall
mark their existing Revolving Notes, Term Notes and Term Notes (Foreign Currency) (but not the
Swingline Note) “cancelled” and return them to the Company on request.

     5. Security Agreement. Section 5 of the Security Agreement is amended to provide:

Disposition of Collateral. The Grantors will not sell, lease or
otherwise dispose of, or discount or factor with or without recourse, any
Collateral, except as permitted by the Credit Agreement.

     6. Conditions to Effectiveness of this Amendment. This Amendment shall be effective
as of September 17, 2004 (the “Effective Date”), provided the Agent shall have received sufficient
counterparts of this Amendment as required by the Agent, duly executed by the Borrowers and all of
the Banks and the New Banks, and the following conditions are satisfied:

     (a) Before and after giving effect to this Amendment, the representations and
warranties of the Borrowers in Article IV of the Loan Agreement and Section 7 of the
Security Agreement shall be true and correct as though made on the date hereof, except to
the extent such representations and warranties by their terms are made as of a specific date
and except for changes that are permitted by the terms of the Loan Agreement.

5

 

     (b) Before and after giving effect to this Amendment, no Event of Default and no
Default shall have occurred and be continuing.

     (c) No Material Adverse Effect shall have occurred since August 10, 2004.

     (d) No revisions shall have been made to the articles of incorporation or bylaws of any
of the Borrowers since August 10, 2004.

     (e) The Agent shall have received the following, each duly executed or certified, as
the case may be, and dated as of the date of delivery thereof:

     (i) new Revolving Notes, Term Notes and Term Notes (Foreign Currency) payable
to each Bank (the “New Notes”) duly executed by the Borrowers; and

     (ii) such other documents, instruments and approvals as the Agent may
reasonably request.

     7. Covenant Regarding Collateral. The Borrowers covenant that (a) they shall supply
the Agent not later than March 16, 2005: the mortgages (or deeds of trust), title insurance
commitments and Phase I environmental reports as well as agreed forms of security agreements with
respect to patents, trademarks and copyrights that have been requested by the Agent prior to the
date of this Amendment; and (b) they shall use their commercially reasonable efforts (i) to obtain
by such date the landlord waivers and (ii) to complete and file by such date the security
agreements based upon the forms agreed upon as described in clause (a) above with respect to
patents, trademarks and copyrights, that have been requested by the Agent prior to the date of this
Amendment. Failure by the Borrowers to comply in all material respects with this covenant shall
constitute an Event of Default under the Loan Agreement.

     8. Acknowledgments. The Borrowers and the Banks acknowledge that, as amended hereby,
the Loan Agreement remains in full force and effect with respect to the Borrowers and the Banks
(including the New Banks), and that each reference to the Loan Agreement in the Loan Documents
shall refer to the Loan Agreement, as amended hereby. The Borrowers confirm and acknowledge that
they will continue to comply with the covenants set out in the Loan Agreement and the other Loan
Documents, as amended hereby, and that their representations and warranties set out in the Loan
Agreement and the other Loan Documents, as amended hereby, are true and correct in all material
respects as of the date of this Amendment, except to the extent such representations and warranties
by their terms are made as of a specific date and except for changes that are permitted by the
terms of the Loan Agreement. The Borrowers represent and warrant that (i) the execution, delivery
and performance of this Amendment and the New Notes are within their corporate powers and have been
duly authorized by all necessary corporate action; (ii) this Amendment and the New Notes have been
duly executed and delivered by the Borrowers and constitute the legal, valid and binding
obligations of the Borrowers, enforceable against the Borrowers in accordance with their terms
(subject to limitations as to enforceability which might result from bankruptcy, insolvency, or
other similar laws affecting creditors’ rights generally and general principles of equity) and
(iii) no Events of Default or Default exist and are continuing.

6

 

9. General.

     (a) The Company agrees to reimburse the Agent and the Syndication Agent within 10 days
of demand for all reasonable out-of-pocket expenses paid or incurred by the Agent and the
Syndication Agent including filing and recording costs and fees and expenses of outside
counsel to the Agent and outside counsel to the Syndication Agent (determined on the basis
of such counsels’ generally applicable rates, which may be higher than the rates such
counsel charges the Agent or the Syndication Agent in certain matters) in the preparation,
negotiation and execution of this Amendment and the New Notes and any other document
required to be furnished herewith, and to pay and save the Banks harmless from all liability
for any stamp or other taxes which may be payable with respect to the execution or delivery
of this Amendment and the New Notes, which obligations of the Company shall survive any
termination of the Loan Agreement.

     (b) This Amendment may be executed in as many counterparts (including via facsimile) as
may be deemed necessary or convenient, and by the different parties hereto on separate
counterparts, each of which, when so executed, shall be deemed an original but all such
counterparts shall constitute but one and the same instrument.

     (c) Any provision of this Amendment which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining portions hereof or
affecting the validity or enforceability of such provisions in any other jurisdiction.

     (d) The validity, construction and enforceability of this Amendment and the New Notes
shall be governed by the internal laws of the State of New York, without giving effect to
conflict of laws principles thereof, but giving effect to federal laws of the United States
applicable to national banks.

     (e) This Amendment and the New Notes shall be binding upon the Borrowers, the Banks,
the Agent, the Syndication Agent and their respective successors and assigns, and shall
inure to the benefit of the Borrowers, the Banks, the Agent, the Syndication Agent and the
successors and assigns of the Banks, the Agent and the Syndication Agent.

[remainder of page intentionally left blank]

7

 

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of the day and year first above written.

	 	 	 	 	 
	COMMERCIAL VEHICLE GROUP, INC.  

	 
	 	 	 	 
	By:

	 	/s/ CHAD M. UTRUP	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CFO	 	 
	

	 	 	 	 

Address:

6530 Campus Way

New Albany, Ohio 43054

Fax: (614) 289-5371

Attention: Jeff Vogel

	 	 	 	 	 
	COMMERCIAL VEHICLE SYSTEMS, INC.  

	 
	 	 	 	 
	By:

	 	/s/ CHAD M. UTRUP	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CFO	 	 
	

	 	 	 	 
	 
	 	 	 	 
	NATIONAL SEATING COMPANY

	 
	 	 	 	 
	By:

	 	/s/ CHAD M. UTRUP	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CFO	 	 
	

	 	 	 	 
	 
	 	 	 	 
	TRIM SYSTEMS OPERATING CORP.

	 
	 	 	 	 
	By:

	 	/s/ CHAD M. UTRUP	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CFO	 	 
	

	 	 	 	 

[Signature Page to First Amendment to Loan Agreement]

S-1

 

 

	 	 	 	 	 
	CVS HOLDINGS, INC.  

	 
	 	 	 	 
	By:

	 	/s/ CHAD M. UTRUP	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CFO	 	 
	

	 	 	 	 
	 
	 	 	 	 
	TRIM SYSTEMS, INC.

	 
	 	 	 	 
	By:

	 	/s/ CHAD M. UTRUP	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CFO	 	 
	

	 	 	 	 
	 
	 	 	 	 
	FOREIGN CURRENCY BORROWERS:

	 
	 	 	 	 
	COMMERCIAL VEHICLE SYSTEMS LIMITED

	 
	 	 	 	 
	By:

	 	/s/ CHAD M. UTRUP	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CFO	 	 
	

	 	 	 	 
	 
	 	 	 	 
	By:

	 	/s/ MERVIN DUNN	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CEO	 	 
	

	 	 	 	 

[Signature Page to First Amendment to Loan Agreement]

S-2

 

 

	 	 	 	 	 
	KAB SEATING LIMITED  

	 
	 	 	 	 
	By:

	 	/s/ CHAD M. UTRUP	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CFO	 	 
	

	 	 	 	 
	 
	 	 	 	 
	By:

	 	/s/ MERVIN DUNN	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CEO	 	 
	

	 	 	 	 
	 
	 	 	 	 
	BOSTROM LIMITED

	 
	 	 	 	 
	By:

	 	/s/ CHAD M. UTRUP	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CFO	 	 
	

	 	 	 	 
	 
	 	 	 	 
	By:

	 	/s/ MERVIN DUNN	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CEO	 	 
	

	 	 	 	 
	 
	 	 	 	 
	BOSTROM INTERNATIONAL LIMITED

	 
	 	 	 	 
	By:

	 	/s/ CHAD M. UTRUP	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CFO	 	 
	

	 	 	 	 
	 
	 	 	 	 
	By:

	 	/s/ MERVIN DUNN	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CEO	 	 
	

	 	 	 	 
	 
	 	 	 	 
	CVS HOLDINGS LIMITED

	 
	 	 	 	 
	By:

	 	/s/ CHAD M. UTRUP	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CFO	 	 
	

	 	 	 	 
	 
	 	 	 	 
	By:

	 	/s/ MERVIN DUNN	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	CEO	 	 
	

	 	 	 	 

[Signature Page to First Amendment to Loan Agreement]

S-3

 

 

	 	 	 	 	 
	U.S. BANK NATIONAL ASSOCIATION  

	 
	 	 	 	 
	By:

	 	/s/ ROBERT A. ROSATI	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	Vice President	 	 
	

	 	 	 	 
	 
	 	 	 	 
	In its individual corporate capacity and as Agent Address:

	800 Nicollet Mall

	Minneapolis, MN 55402

	Fax: 612-303-2258

	Attention: Robert A. Rosati

[Signature Page to First Amendment to Loan Agreement]

S-4

 

 

	 	 	 	 	 
	COMERICA BANK  

	 
	 	 	 	 
	By:

	 	/s/ MATTHEW T. BREIGHT	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	Vice President	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Address:

	Comerica Tower

	500 Woodward Avenue

	Detroit, Michigan 48226

	Fax: 313-222-3389

	Attention: Matthew T. Breight

[Signature Page to First Amendment to Loan Agreement]

S-5

 

 

	 	 	 	 	 
	ASSOCIATED BANK, N.A.  

	 
	 	 	 	 
	By:

	 	/s/ DANIEL HOLZHAUER	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	AVP	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Address:

	401 E. Kilbourn Avenue

	Suite 400

	Milwaukee, WI 53202

	Fax: 414-283-2300

	Attention: Daniel Holzhauer

	E-mail: Daniel.holzhauer@associatedbank.com

[Signature Page to First Amendment to Loan Agreement]

S-6

 

 

	 	 	 	 	 
	CITIZEN BANK OF PENNSYLVANIA

	 
	 	 	 	 
	By:

	 	/s/ JOHN J. LIGDAY, JR.
	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	Vice President	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Address:

	525 William Penn Place

	Room 2910

	Pittsburgh, PA 15219-1729

	Fax: 412-552-6307

	Attention: John J. Ligday Jr.

	E-mail: john.ligday@citzensbank.com

[Signature Page to First Amendment to Loan Agreement]

S-7

 

 

	 	 	 	 	 
	NATIONAL CITY BANK OF THE MIDWEST  

	 
	 	 	 	 
	By

	 	/s/ OLIVER GLENN	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	Vice President	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Address:

	1001 S. Worth; Locator R-J40-4D

	Birmingham, Michigan 48009

	Fax: 248-901-2097

	Attention: Oliver Glenn

	E-mail: oliver.glenn@nationalcity.com

[Signature Page to First Amendment to Loan Agreement]

S-8

 

 

	 	 	 	 	 
	SUNTRUST BANK  

	 
	 	 	 	 
	By

	 	/s/ WILLIAM C. HUMPHRIES	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	Managing Director	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Address:

	303 Peachtree Street

	10th Floor, MC 1928

	Atlanta, GA 30308

	Fax: 404-658-5989

	Attention: William Humphries, Managing Director

	E-mail: William.Humphries@suntrust.com

[Signature Page to First Amendment to Loan Agreement]

S-9

 

 

	 	 	 	 	 
	PNC BANK, NATIONAL ASSOCIATION  

	 
	 	 	 	 
	By:

	 	/s/ JEFFREY L. STEIN	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Title

	 	Vice President	 	 
	

	 	 	 	 
	 
	 	 	 	 
	Address:

	201 East Fifth Street

	Cincinnati, OH 45202

	Fax: 513-651-8951

	Attention: Jeff Stein

	E-Mail: jeffrey.stein@pncbank.com

[Signature Page to First Amendment to Loan Agreement]

S-10

 

 

EXHIBIT A TO

FIRST AMENDMENT TO

REVOLVING CREDIT AND

TERM LOAN AGREEMENT

Schedule 1.1(b)

to Revolving Credit and

Term Loan Agreement

COMMITMENT AMOUNTS

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Term Loan	 
	 	 	 	 	 	 	Term Loan	 	 	Commitment	 
	 	 	Revolving	 	 	Commitment	 	 	Amount (Foreign	 
	Bank	 	Commitment Amount	 	 	Amount	 	 	Currency)	 
	U.S. Bank National Association
	 	$	10,600,000	 	 	$	13,780,000	 	 	£	1,869,235.01	 
	Comerica Bank
	 	$	8,700,000	 	 	$	11,310,000	 	 	£	1,534,183.45	 
	Associated Bank, N.A.
	 	$	4,200,000	 	 	$	5,460,000	 	 	£	740,640.29	 
	Citizens Bank of Pennsylvania
	 	$	4,200,000	 	 	$	5,460,000	 	 	£	740,640.29	 
	National City Bank of the Midwest
	 	$	4,200,000	 	 	$	5,460,000	 	 	£	740,640.29	 
	Sun Trust Bank
	 	$	4,200,000	 	 	$	5,460.000	 	 	£	740,640.29	 
	PNC Bank, National Association
	 	$	3,900,000	 	 	$	5,070,000	 	 	£	687,737.41	 

Ex A-1

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