Document:

Prepared by R.R. Donnelley Financial -- Amendment 11 to Credit Agreement with Mellon Bank

 EXHIBIT 10.25 
  
 ELEVENTH
AMENDMENT TO CREDIT AGREEMENT 
  
 THIS ELEVENTH AMENDMENT TO CREDIT AGREEMENT (the “Amendment”), dated as of
January 30, 2002, is entered into between MELLON BANK, N.A. (the “Bank”), with a place of business at 400 South Hope Street, 5th Floor, Los Angeles, California 90071, and KEYSTONE AUTOMOTIVE INDUSTRIES, INC., a California corporation
(“Borrower”), with its chief executive office located at 700 East Bonita Avenue, Pomona, California 91767. 
  
 RECITALS

  
 A.    Borrower and the Bank have previously entered into that certain Credit Agreement dated as of
March 25, 1997, as amended by that certain First Amendment to Credit Agreement dated as of August 25, 1997, that certain Second Amendment to Credit Agreement dated as of March 17, 1998, that certain Third Amendment to Credit Agreement dated as of
June 29, 1998, that certain Fourth Amendment to Credit Agreement dated as of September 18, 1998, that certain Fifth Amendment to Credit Agreement dated as of September 17, 1999, that certain Sixth Amendment to Credit Agreement dated as of September
6, 2000, that certain Seventh Amendment to Credit Agreement dated as of October 30, 2000, that certain Eighth Amendment to Credit Agreement dated as of June 28, 2001, that certain Ninth Amendment to Credit Agreement dated as of October 30, 2001 and
that certain Tenth Amendment to Credit Agreement dated as of November 1, 2001 (collectively, the “Credit Agreement”), pursuant to which the Bank has made certain loans and other financial accommodations available to Borrower. Terms
used herein without definition shall have the meanings ascribed to them in the Credit Agreement. 
  
 B.    Borrower and the Bank wish to further amend the Credit Agreement under the terms and conditions set forth in this Amendment. Borrower is entering into this Amendment with the understanding and agreement that,
except as specifically provided herein, none of the Bank’s rights or remedies as set forth in the Credit Agreement is being waived or modified by the terms of this Amendment. 
  
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereby agree as follows: 
  
 1.    Amendments to Credit Agreement

  
 (a) The definition of “Maturity Date” set forth in Section 1.1 of the Credit Agreement is hereby
amended and restated in its entirety to read as follows: 
  
 “‘Maturity Date’ : February
15, 2002.” 
  
 2.    Effectiveness of this Amendment.    Each of the following
is a condition precedent to the effectiveness of this Amendment and to the Bank’s obligation to extend any credit to Borrower as provided for by this Amendment: 
 

 1 

  
 (a)    Amendment.    The Bank
shall have received, in form and substance satisfactory to the Bank, this Amendment and the attached Guarantor’s Consent fully executed in a sufficient number of counterparts for distribution to the Bank and Borrower. 
  
 (b)    Authorizations.    The Bank shall have received evidence, in form and substance
satisfactory to the Bank, that the execution, delivery and performance by Borrower and each Guarantor and any instrument or agreement required under this Amendment have been duly authorized. 
  
 (c)    Representations and Warranties.    The Representations and Warranties set forth in the Credit Agreement must be
true and correct as of the date of this Amendment as if made as of such date. 
  
 (d)    No Event of Default.    As of the date hereof, no Event of Default, or event which with notice or passage of time or both would constitute an Event of Default, exists or has occurred and
is continuing. 
  
 (e)    Other Required Documentation.    All
other documents and legal matters in connection with the transactions contemplated by this Agreement shall have been delivered or executed or recorded and shall be in form and substance satisfactory to the Bank. 
  
 3.    Representations and Warranties.    The Borrower represents and warrants as follows:

  
 (a)    Authority.    Borrower has the requisite corporate
power and authority to execute and deliver this Amendment, and to perform its obligations hereunder and under the Loan Documents (as amended or modified hereby). The execution, delivery and performance by the Borrower of this Amendment and each Loan
Document (as amended or modified hereby) have been duly approved by all necessary corporate action of Borrower and no other corporate proceedings on the part of Borrower are necessary to consummate such transactions. 
  
 (b)    Enforceability.    This Amendment has been duly executed and delivered by
Borrower. This Amendment and each Loan Document (as amended or modified hereby) is the legal, valid and binding obligation of Borrower, enforceable against Borrower in accordance with its terms, and is in full force and effect. 

 
 (c)    No Default.    As of the date hereof, no event has occurred and is
continuing that constitutes, or would with notice or passage of time or both would constitute, an Event of Default. 
  
 4.    Choice of Law.    The validity of this Amendment, its construction, interpretation and enforcement, the rights of the parties hereunder, shall be determined under, governed by, and
construed in accordance with the internal laws of the State of California governing contracts only to be performed in that State. 
  
 5.    Counterparts.    This Amendment may be executed in any number of counterparts and by different parties and separate counterparts, each of which when so executed 
 

 2 

 and delivered, shall be deemed an original, and all of which, when taken together, shall constitute one and the same instrument.
Delivery of an executed counterpart of a signature page to this Amendment by telefacsimile shall be effective as delivery of a manually executed counterpart of this Amendment. 
  
 6.    Due Execution.    The execution, delivery and performance of this Amendment are within the power of Borrower, have been duly
authorized by all necessary corporate action, have received all necessary governmental approval, if any, and do not contravene any law or any contractual restrictions binding on Borrower. 
  
 7.    Reference to and Effect on the Loan Documents. 
  
 (a)    Upon and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereof” or words of like import referring to the
Credit Agreement, shall mean and be a reference to the Credit Agreement as modified and amended hereby. 
  
 (b)    Except as specifically amended above, the Credit Agreement and all other Loan Documents, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed and shall
constitute the legal, valid, binding and enforceable obligations of Borrower to the Bank. 
  
 (c)    The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any the Bank or the Agent under any of the Loan
Documents, nor constitute a waiver of any provision of any of the Loan Documents. 
  
 (d)    To the extent that any terms and conditions in any of the Loan Documents shall contradict or be in conflict with any terms or conditions of the Credit Agreement, after giving effect to this Amendment, such terms
and conditions are hereby deemed modified or amended accordingly to reflect the terms and conditions of the Credit Agreement as modified or amended hereby. 
  
 8.    Ratification.    Borrower hereby restates, ratifies and reaffirms each and every term and condition set forth in
the Credit Agreement, as amended hereby, and the Loan Documents effective as of the date hereof. 
  
 9.    Estoppel.    To induce the Bank to enter into this Amendment and to continue to make advances to Borrower under the Credit Agreement, Borrower hereby acknowledges and agrees that, after
giving effect to this Amendment, as of the date hereof, there exists no Event of Default and no right of offset, defense, counterclaim or objection in favor of Borrower as against the Bank with respect to the Obligations. 
 

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 IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above
written. 
  
 
	 KEYSTONE AUTOMOTIVE INDUSTRIES, INC.,
 a California corporation
 
	 
	 By:
 	 	 /s/    John M. Palumbo        
 

	 Name:
 	 	 John M. Palumbo
 

	 Title:
 	 	 CFO
 

 
  
 
	 MELLON BANK, N.A.,
 a
national association
 
	 By:
 	 	 /s/    F.D. Hare        
 

	 Name:
 	 	 F.D. Hare
 

	 Title:
 	 	 EVP
 

 
 

 4 

  
 GUARANTORS’ CONSENT 
  
 Each of the undersigned hereby acknowledges and consents to the terms, conditions and provisions of the Eleventh Amendment to Credit Agreement dated as of February
            , 2002 entered into by and among Keystone Automotive Industries, Inc. (“Borrower”) and Mellon Bank, N.A. (the “Bank”), and to the transactions
contemplated by such amendment. In addition, each of the undersigned hereby reaffirms its obligations under its respective Continuing Guaranty delivered to Lender in connection with the Credit Agreement as of the date noted beside each such
Guarantor’s signature block, and agrees that it is and shall remain responsible for the obligations of Borrower under such Credit Agreement as amended by the Eleventh Amendment to Credit Agreement. 
  
 
	 
	 CAR BODY CONCEPTS, INC.,
 a Florida corporation
 	 	  	 	 Date of Continuing Guaranty:
 March 17, 1997
 
	 
	 By:
 	 	 /s/     John M. Palumbo        
 
	 	  	 	  	 	  
	 Name:
 	 	 John M. Palumbo
 
	 	  	 	  	 	  
	 Title:
 	 	 CFO
 
	 	  	 	  	 	  
	 
	 INTEURO PARTS DISTRIBUTORS, INC.,
 a Florida
corporation
 	 	  	 	 Date of Continuing Guaranty:
 March 17, 1997
 
	 
	 By:
 	 	 /s/    John M. Palumbo        
 
	 	  	 	  	 	  
	 Name:
 	 	 John M. Palumbo
 
	 	  	 	  	 	  
	 Title:
 	 	 CFO
 
	 	  	 	  	 	  
	 
	 NORTH STAR PLATING COMPANY,
 a Minnesota corporation
 	 	  	 	 Date of Continuing Guaranty:
 March 28, 1997
 
	 
	 By:
 	 	 /s/    John M. Palumbo        
 
	 	  	 	  	 	  
	 Name:
 	 	 John M. Palumbo
 
	 	  	 	  	 	  
	 Title:
 	 	 CFO
 
	 	  	 	  	 	  
	 
	 REPUBLIC AUTOMOTIVE PARTS, INC.,
 a Delaware corporation
 	 	  	 	 Date of Continuing Guaranty:
 June 29, 1998
 
	 
	 By:
 	 	 /s/    John M. Palumbo        
 
	 	  	 	  	 	  
	 Name:
 	 	 John M. Palumbo
 
	 	  	 	  	 	  
	 Title:
 	 	 CFO
 
	 	  	 	  	 	  

 
 

 5 

 
	 
	 FENDERS & MORE, INC.,
 a Tennessee corporation
 	 	  	 	 Date of Continuing Guaranty:
 June 29, 1998
 
	 
	 By:
 	 	 /s/    John M. Palumbo        
 
	 	  	 	  	 	  
	 Name:
 	 	 John M. Palumbo
 
	 	  	 	  	 	  
	 Title:
 	 	 CFO
 
	 	  	 	  	 	  

 
 

 6<PAGE>

                                                                   EXHIBIT 10.68

                    Comprehensive Credit-extension Agreement

                                  [Translation]

Credit Giver:  UTSTARCOM (CHINA) LTD. (hereinafter referred to Party A)

Address:

Tel.: 65542030

Fax: 65542058

Creditor: China Everbright Bank, Chaoyang Branch, Beijing (hereinafter referred
to Party B)

Address:

Tel.:

Fax:

WHEREAS, In light of "Act on Commercial Bank of People's Republic of China",
through equal negotiation, both parties reach the Agreement as follows and agree
it is binding on them both:

                   Chapter One: Definition and Interpretation

Article One: The following terms set forth in the Agreement has the meaning as
such, except otherwise defined by the text of the Agreement:

Comprehensive credit extension: one or more kind(s) of conditional promise
------------------------------
mortgaged on credit extended by Party B to Party A.

Specific transaction: specific credit extension transaction as loan extension,
--------------------
bank's acceptance bill and trade financing provided by Party B in accordance
with Party B's comprehensive credit-extension to Party A.

Maximum credit extension margin: maximum balance of principals of the debts in
-------------------------------
all items of specific transactions, which Party A may use on application to
Party B during the term of comprehensive credit extension agreed on in this
Agreement and is determined on Party B's comprehensive credit extension to Party
A.

Specific credit extension margin: maximum balance of principal of the debt in
--------------------------------
one item of specific transaction, which Party A may use on application to Party
B during the term of comprehensive credit extension agreed on in this Agreement
and is determined within maximum credit extension margin.

Used credit extension margin: summation of balance of principal of the debt in
----------------------------
one item of specific transaction, which Party A hasn't repaid during the term of
comprehensive credit extension agreed on in this Agreement and is determined
within specific credit extension margin.

<PAGE>

Maximum stand-by credit-extension margin: balance between maximum credit
----------------------------------------
extension margin and all used credit extension margins.

Stand-by credit extension margin: balance between maximum credit extension
--------------------------------
margin regarding one specific transaction and used credit extension margin
regarding one specific transactions.

Contract regarding specific transactions: contract or agreement concluded by
----------------------------------------
Party A and Party B concerning usage of specific credit extension margin.

          Chapter Two: Maximum Credit Margin and Specific Credit Margin

Article Two: Maximum credit extension margin (if counted in both home currency
and foreign currency, foreign currency shall be accounted into home currency at
the base rate of exchange on the concluding date of the Agreement) is RMB Three
                                                                      ---------
Hundred Million Yuan
--------------------

Article Three: Within maximum credit extension margin and specific credit margin
regarding specific transaction is as such:

1.  Common loan: RMB 50,000,000

    Among which, home currency loan as: RMB 50,000,000

    Foreign currency loan as:  None
                             ------
2.  Others(Name to be expressed): Discount of commercial invoice: RMB 10,000,000

                 Comprehensive factoring: RMB 10,000,000

                     Chapter Three Term of Credit Extension

Article Four: Validity term of maximum credit extension margin is: from
September 30 of 2001 to September 30 of 2002.

                      Chapter Four: Usage of Maximum Credit
                        Margin and Specific Credit Margin

Article Five: During the term of credit extension agreed on in the Agreement and
within the maximum credit margin and specific credit margin, Party A may apply
to Party B in writing for usage of specific credit extension on one lump sum or
by items on different occasions and this written application shall carry on
name, usage period and sum of specific transaction. Party B shall

<PAGE>

determine name, usage period and sum of specific transaction upon Party A's
written application and credit record, Party B's policy concerning unsecured
loan and conditions of the Agreement.

Article Six: Summation of credit margin already used by Party A shall not exceed
the maximum credit margin. During the term of credit extension, Party A may use
the specific credit margin on roll-over, that is, once the debt under any
specific transaction is paid up, the specific credit margin previously used on
this specific transaction can be re-used on new specific transaction of the same
kind.

Party A shall apply for using specific credit margin within the term of credit
extension and stand-by credit margin shall be automatically cancelled on
expiration of the term of credit extension.

Article Seven: Party A and Party B shall conclude contracts of specific
transaction regarding specific transaction and contracts of specific transaction
shall prevail if this Agreement conflicts with contracts of specific
transaction.

Article Eight: Usage period of any specific transaction shall not be later than
the last day of the term of credit extension and shall not exceed one year.

                               Chapter Five: Rate

Article Nine: Interest rate, exchange rate or any rate waiting to be determined
in each specific transaction under this Comprehensive Credit-extension Agreement
shall be stipulated by both parties when concluding contracts of specific
transaction. Contract of each specific transaction signed by both parties shall
predominate.

                    Chapter Six: Adjustment of Maximum Credit
                        Margin and Specific Credit Margin

Article Ten: Party B may adjust maximum credit margin and term of credit
extension and terminate the comprehensive credit extension to Party A in the
event of the following:

1.    The State's monetary policies undergo a material change;

2.    There is occurrence or threatening occurrence of grave financial risks;

3.    The market relevant to Party A's transaction undergoes a material change;

<PAGE>

4.  Party A is being or to be exposed to grave transactional difficulties or
    risks;

5.  Party A undergoes material system changes such as separation, amalgamation
    or dismissal;

6.  Party A uses the fund under credit extension in the manner contradicting
    with the provision concerned;

7.  Party A has such acts as property transfer, flight of capital and debt
    evasion;

8.  Party A breaks the promises agreed on in this Agreement;

9.  The guarantor in this Agreement undergoes severe lack of capital or
    transactional difficulties to such extent as to substantially affect his
    guaranty ability;

10. The estate under the mortgage or the pledge is destroyed or lost to the
    extent of threatening Party B's credit;

11. The occurrence of any other event or situation, at Party B's sole analysis
    or judgment, has already caused or is immediate to cause the deterioration
    of Party A's ability to pay debts or damage to Party B's interest.

Article Eleven: In spite of the foregoing, if Party A makes a written request
for adjusting each specific credit margin after the conclusion of this
Agreement, Party A shall obtain Party B's permission in writing. Party A's
written request and Party B's response letter are both taken as the amendment to
Article Three of this Agreement and have equal legal effect to this Agreement.

                             Chapter Seven Security

Article Twelve: To ensure the prompt repayment of the debt under this Agreement,
the following means of security are adopted:

1.  Surety: UTStarcom (Hangzhou) Communication Co., Ltd.; which signed the
    Maximum Margin Guarantee Contract with the contract no. as "CEB Chao Max
    Surety"

Article Thirteen: Notwithstanding the means of security agreed on in this
Agreement as the foregoing, when conducting specific transaction, Party B has
the authority to request Party A to provide other security if Party B thinks
necessary and Party A shall not refuse affording other security on the ground
that it is settled on security in this Agreement.

                      Chapter Eight: Party B's Undertaking

Article Fourteen: Party B shall without any unreasonable delay take up and
examine and approve

<PAGE>

Party A's application on the ground that Party A applies for usage of specific
credit margin in terms of this Agreement.

Article Fifteen: Party B shall not take the liberty to adjust maximum credit
margin and term of credit extension to the extent of being unfavorable to Party
A, unless otherwise set forth in this Agreement.

                       Chapter Nine: Party A's Undertaking

Article Sixteen: Party A shall repay all the debts under the contract of
specific transaction on schedule and pay all the expenses due on schedule.

Article Seventeen: Party A shall use the capital within the specific credit
margin in conformity with law, this Agreement and contracts of specific
transaction, subject to Party B's examination at any time.

Article Eighteen: During the term of credit extension, Party A shall provide
Party B true financial statements and afford to Party B actual material about
its main banks of deposit in China, accounts, balance held on deposits and
credits and other transactional data.

Article Nineteen: Party A shall open an account of settlement and average
balance of settlement of each day at this account of settlement shall not be
less than 5% of the summation of used credit margins.

Article Twenty: During the term of credit extension, Party A shall not tender
guarantee for the Third Party without prior notice to Party B and it shall not
affect its ability to repay debts to Party B on schedule.

Article Twenty-one: During the term of credit extension, Party A shall be liable
to make the following notices:

1.  Party A shall notify Party B and provide it relevant data within 15 days
    after change or modification in event of change of legal representatives
    (principals) or address or business place, alteration of the registered
    capital or fundamental change of shares or investment;

2.  During the term of credit extension, Party A shall notify Party B
    immediately in event of involvement of major action, arbitration or other
    legal process, or fundamental change of

<PAGE>

    operation or financial situation to the extent of affecting the realization
    of Party B's right of credit.

3.  During the term of credit extension, Party A shall give two week's notice to
    Party B and repay all the debts incurred by Party B or fix repayment
    liability in event that Party A conducts such capital-reconstructing
    activities as annex, purchase or separation, or such activities affecting
    management right as contracts or lease of any kind, or any activities
    changing corporate structure or mode of business, or such activities
    terminating business as petition for declaring bankruptcy or dissolution.

Article Twenty-two: Party A's breach of any provision of this Agreement or
contracts of specific transaction constitutes a breach to this Agreement, of
which in the event Party B may recall any financing funds under the credit
margin and terminate this Agreement immediately.

                   Chapter Ten Effectiveness of This Agreement

Article Twenty-three: This Agreement establishes as of the date when both
Parties' authorized representatives (principals) or their agents sign and seal
this Agreement and comes into effect when the Contract of Security in this
Agreement comes into effect or when both Parties' authorized representatives
(principles) or their agents sign and seal this Agreement in case of no Contract
of Security agreed on.

                      Chapter Eleven Settlement of Disputes

Article Twenty-four: Both Parties shall settle through friendly negotiation any
disputes arising out of or relating with the performance of this Agreement. If
negotiation fails, either party may file an action at the court at the site of
which Party B is located.

                         Chapter Twelve Entire Agreement

Article Twenty-five: Any contract of specific transaction (If the signing date
of any contract of specific transaction is within the term of comprehensive
credit extension or it is proved to be concluded according to this Agreement)
concluded between Party A and Party B is made a part of and subject to this
Agreement, together form a single integrated Agreement. Article Twenty-six: In
the event that Party A does not perform obligation stipulated in any specific
transaction subject to this Agreement, Party A will be treated as breach of this
Agreement, and Party

<PAGE>

B can terminate this Agreement and revoke in advance all undue credit rights.

Article Twenty-seven: Any term and conditions which are not stipulated in this
Agreement can be otherwise set forth in writing as an appendix of this
Agreement, and such appendix is the effective part of, and have the same
enforcement with this Agreement.

                         Chapter Thirteen Miscellaneous

Article Twenty-eight: This Agreement has two originals with same effectiveness
and each party has one.

Article Twenty-nine: This Agreement is signed in Beijing as of Nov. 30/th/,
2001.

Party A(stamp)              Party B(Stamp)
Legal representative:          Legal representative:
(or entrusted agent):          (or entrusted agent):

<PAGE>

                            Translation Certification
                            -------------------------

         I hereby certify that the foregoing represents a fair and accurate
English translation of the original Chinese document.

Dated:  February 5, 2002

                                    By: /s/ Michael J. Sophie
                                        ----------------------------------------
                                         Michael J. Sophie
                                         Chief Financial Officer

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