Document:

Exhibit
10.2

THE AMENDED AND RESTATED
1999 LONG TERM INCENTIVE
PLAN

The Alamosa Holdings, Inc. 1999 Long-Term Incentive Plan
was adopted by the Board of Directors of Alamosa PCS Holdings, Inc., a
Delaware corporation, effective as of November 12, 1999, and was
approved by the Alamosa PCS Holding's stockholders on February 1,
2000. On February 14, 2001, the Plan and all obligations thereunder
were assumed by Alamosa Holdings, Inc. The Plan has been further
amended from time to time and this document incorporates all amendments
hereto as of April 4, 2005.

ARTICLE 1
PURPOSE

The
purpose of the Plan is to attract and retain the services of key
management employees, Outside Directors and consultants of the Company
and its Subsidiaries and to provide such persons with a proprietary
interest in the Company through the granting of incentive stock
options, non-qualified stock options, stock appreciation rights, or
restricted stock, whether granted singly, or in combination, or in
tandem, that will

(a) increase the interest of such persons in
the Company's welfare;

(b) furnish an incentive to such
persons to continue their services for the Company; and

(c)
provide a means through which the Company may attract able persons as
employees, Outside Directors and consultants.

With respect to
Reporting Participants, the Plan and all transactions under the Plan
are intended to comply with all applicable conditions of Rule 16b-3
promulgated under the Securities Exchange Act of 1934 (the
"1934 Act"). To the extent any provision of
the Plan or action by the Committee fails to so comply, it shall be
deemed null and void ab initio, to the extent permitted by law and
deemed advisable by the Committee.

ARTICLE
2
DEFINITIONS

For the purpose of the Plan, unless the
context requires otherwise, the following terms shall have the meanings
indicated:

2.1 "Affiliate" shall have
the meaning set forth in Rule 12b-2 promulgated under Section 12 of the
Securities Exchange Act of 1934.

2.2
"Award" means the grant of any Incentive
Stock Option, Non-qualified Stock Option, Restricted Stock or SAR
whether granted singly, in combination or in tandem (each individually
referred to herein as an "Incentive").

2.3 "Award Agreement" means a written
agreement between a Participant and the Company which sets out the
terms of the grant of an Award.

2.4 "Award
Period" means the period during which one or more
Incentives granted under an Award may be exercised.

2.5
"Beneficial Owner" shall have the meaning set
forth in Rule 13d 3 under the Securities Exchange Act of 1934, as
amended.

2.6 "Board" means the board
of directors of the Company.

2.7 "Change of
Control" shall be deemed to have occurred if the event set
forth in any one of the following paragraphs shall have occurred:

(i) any Person is or becomes the Beneficial Owner, directly or
indirectly, of securities of the Company (not including in the
securities beneficially owned by such Person any securities acquired
directly from the 

Company or its Affiliates) representing
25% or more of the combined voting power of the Company's
then outstanding securities, excluding any Person who becomes such a
Beneficial Owner in connection with a transaction described in clause
(A) of paragraph (iii) below; or

(ii) the following individuals
cease for any reason to constitute a majority of the number of
directors then serving: individuals who, on the date hereof, constitute
the Board and any new director (other than a director whose initial
assumption of office is in connection with an actual or threatened
election contest, including but not limited to a consent solicitation,
relating to the election of directors of the Company) whose appointment
or election by the Board or nomination for election by the
Company's stockholders was approved or recommended by a vote of
at least two-thirds (2/3) of the directors then still in office who
either were directors on the date hereof or whose appointment, election
or nomination for election was previously so approved or recommended;
or

(iii) there is consummated a merger or consolidation of the
Company or any direct or indirect subsidiary of the Company with any
other corporation or other entity, other than (A) a merger or
consolidation (1) which results in the voting securities of the Company
outstanding immediately prior to such merger or consolidation
continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity or any parent
thereof) at least 60% of the combined voting power of the
securities of the Company or such surviving entity or any parent
thereof outstanding immediately after such merger or consolidation and
(2) after which the individuals who comprise the Board immediately
prior thereto constitute at least a majority of the board of directors
of the Company, the entity surviving such merger or consolidation or,
if the Company or the entity surviving such merger is then a
subsidiary, the ultimate parent thereof, or (B) a merger or
consolidation effected to implement a recapitalization of the Company
(or similar transaction) in which no Person is or becomes the
Beneficial Owner, directly or indirectly, of securities of the Company
(not including in the securities Beneficially Owned by such Person any
securities acquired directly from the Company or its Affiliates)
representing 25% or more of the combined voting power of the
Company's then outstanding securities; or

(iv) the
stockholders of the Company approve a plan of complete liquidation or
dissolution of the Company or there is consummated an agreement for the
sale or disposition by the Company of all or substantially all of the
Company's assets, other than a sale or disposition by the Company
of all or substantially all of the Company 's assets immediately
following which the individuals who comprise the Board immediately
prior thereto constitute at least a majority of the board of directors
of the entity to which such assets are sold or disposed or any parent
thereof.

Notwithstanding the foregoing, a
"Change of Control" shall not be deemed to
have occurred by virtue of the consummation of any transaction or
series of integrated transactions immediately following which the
record holders of the common stock of the Company immediately prior to
such transaction or series of transactions continue to have
substantially the same proportionate ownership in an entity which owns
all or substantially all of the assets of the Company immediately
following such transaction or series of transactions.

2.8
"Code" means the Internal Revenue Code of
1986, as amended.

2.9 "Committee"
means the committee appointed or designated by the Board to administer
the Plan in accordance with Article 3 of this Plan.

2.10
"Common Stock" means the common stock, par
value $0.01 per share, which the Company is currently authorized to
issue or may in the future be authorized to issue.

2.11
"Company" means Alamosa Holdings, Inc., a
Delaware corporation, and any successor entity.

2.12
"Date of Grant" means the effective date on
which an Award is made to a Participant as set forth in the applicable
Award Agreement; provided, however, that solely for purposes of Section
16 of the 1934 Act and the rules and regulations promulgated
thereunder, the Date of Grant of an Award shall be the date of
stockholder approval of the Plan if such date is later than the
effective date of such Award as set forth in the Award Agreement.

2.13 "Employee" means common law employee
(as defined in accordance with the Regulations and Revenue Rulings then
applicable under Section 3401(c) of the Code) of the Company or any
Subsidiary of the Company.

2.14 "Fair Market
Value" means, as of a particular date, (a) if the shares
of Common Stock are listed on a national securities exchange, the
closing sales price per share of Common Stock on the consolidated
transaction reporting system for the principal securities exchange for
the Common Stock on that date, or, if there shall have been no such
sale so reported on that date, on the last preceding date on which such
a sale was so reported, (b) if the shares of Common Stock are not so
listed but are quoted on the Nasdaq National Market System, the closing
sales price per share of Common Stock on the Nasdaq National Market
System on that date, or, if there shall have been no such sale so
reported on that date, on the last preceding date on which such a sale
was so reported, (c) if the Common Stock is not so listed or quoted,
the mean between the closing bid and asked price on that date, or, if
there are no quotations available for such date, on the last preceding
date on which such quotations shall be available, as reported by
Nasdaq, or, if not reported by Nasdaq, by the National Quotation
Bureau, Inc., or (d) if none of the above is applicable, such amount as
may be determined by the Committee (acting on the advice of an
Independent Third Party, should the Committee elect in its sole
discretion to utilize an Independent Third Party for this purpose), in
good faith, to be the fair market value per share of Common Stock.

2.15 "Independent Third Party" means an
individual or entity independent of the Company having experience in
providing investment banking or similar appraisal or valuation services
and with expertise generally in the valuation of securities or other
property for purposes of this Plan. The Committee may utilize one or
more Independent Third Parties.

2.16 "Incentive
Stock Option" or "ISO" means an
incentive stock option within the meaning of Section 422 of the Code,
granted pursuant to this Plan.

2.17 "Non-qualified
Stock Option" or "NQSO" means a
non-qualified stock option, granted pursuant to this Plan.

2.18
"Option Price" means the price which must be
paid by a Participant upon exercise of a Stock Option to purchase a
share of Common Stock.

2.19 "Outside
Director" means a director of the Company who is not an
Employee.

2.20 "Participant" shall
mean an Employee or Outside Director of, or a consultant to, the
Company or a Subsidiary to whom an Award is granted under this
Plan.

2.21 "Performance Goals" means
any one or combination of the following:

(i) Earnings before or
after interest, taxes, depreciation, amortization, or extraordinary or
special items;

(ii) Earnings or book value per share (basic or
diluted);

(iii) Earnings from continuing operations;

(iv)
Economic Value Added;

(v) Net subscriber additions or gross
additions per covered population;

(vi) Annual revenue per
user;

(vii) Cash cost per user;

(viii) Churn;

(ix)
Net adds;

(x) Number of subscribers;

(xi) Revenue or net
sales;

(xii) Pre-tax income or after-tax income;

(xiii) Net
income or net income excluding amortization or impairment of intangible
assets, or goodwill;

(xiv) Return on assets (gross or net),
return on investment, return on capital, return on sales, or return on
equity;

(xv) Cash flow, pre-financing cash flow,
free cash flow, cash flow return on investment (discounted or
otherwise), net cash provided by operations, or cash flow in excess of
cost of capital;

(xvi) Gross margin, operating margin or profit
margin;

(xvii) Operating expenses;

(xviii) Stock price or
total stockholder return;

(xix) Cost targets, reductions and
savings, productivity and efficiencies;

(xx) Completion or
implementation of critical processes; or

(xxi) Strategic business
criteria, consisting of one or more objectives based on meeting
specified market penetration or market share, geographic business
expansion, customer satisfaction, information technologies and goals
relating to divestitures, joint ventures and similar transactions.

Where applicable, the Performance Goals may be expressed in
terms of attaining a specified level of the particular criterion or the
attainment of an increase or decrease (expressed as absolute numbers or
a percentage) in the particular criterion, and may be applied to one or
more of the Company or a Subsidiary of the Company, or a division or
strategic business unit of the Company, all as determined by the
Committee. The Performance Goals may include a threshold level of
performance below which no payment will be made (or no vesting will
occur), levels of performance at which specified payments will be paid
(or specified vesting will occur), and a maximum level of performance
above which no additional payment will be made (or at which full
vesting will occur). Each of the foregoing Performance Goals shall be
evaluated in accordance with generally accepted accounting principles,
where applicable, and shall be subject to certification by the
Committee. The Committee shall have the authority to make equitable
adjustments to the Performance Goals in recognition of unusual or
non-recurring events affecting the Company or any Subsidiary of the
Company or the financial statements of the Company or any Subsidiary of
the Company, in response to changes in applicable laws or regulations,
or to account for items of gain, loss or expense determined to be
extraordinary or unusual in nature or infrequent in occurrence or
related to the disposal of a segment of a business or related to a
change in accounting principles.

2.22
"Person" shall have the meaning given in
Section 3(a)(9) of the Exchange Act, as modified and used in Sections
13(d) and 14(d) thereof, except that such term shall not include (i)
the Company or any of its subsidiaries, (ii) a trustee or other
fiduciary holding securities under an employee benefit plan of the
Company or any of its Affiliates, (iii) an underwriter temporarily
holding securities pursuant to an offering of such securities, or (iv)
a corporation owned, directly or indirectly, by the stockholders of the
Company in substantially the same proportions as their ownership of
stock of the Company.

2.23 "Plan"
means this Alamosa PCS Holdings, Inc. 1999 Long-Term Incentive Plan, as
amended and restated from time to time.

2.24
"Reporting Participant" means a Participant
who is subject to the reporting requirements of Section 16 of the 1934
Act.

2.25 "Restricted Stock" means
shares of Common Stock issued or transferred to a Participant pursuant
to Section 6.4 of this Plan which are subject to restrictions or
limitations set forth in this Plan and in the related Award
Agreement.

2.26 "Retirement" means any
Termination of Service solely due to retirement upon attainment of age
sixty-five (65), or permitted early retirement as determined by the
Committee.

2.27 "SAR" or
"stock appreciation right" means the right to
receive a payment, in cash and/or Common Stock, equal to the excess of
the Fair Market Value of a specified number of shares of Common Stock
on the date the SAR is exercised over the SAR Price for such
shares.

2.28 "SAR Price" means the
exercise price of each share of Common Stock covered by a SAR,
determined on the Date of Grant of the SAR.

2.29
"Stock Option" means a Non-qualified Stock
Option or an Incentive Stock Option.

2.30
"Subsidiary" means (i) any corporation in an
unbroken chain of corporations beginning with the Company, if each of
the corporations other than the last corporation in the unbroken chain
owns stock 

possessing a majority of the total combined
voting power of all classes of stock in one of the other corporations
in the chain, (ii) any limited partnership, if the Company or any
corporation described in item (i) above owns a majority of the general
partnership interest and a majority of the limited partnership
interests entitled to vote on the removal and replacement of the
general partner, and (iii) any partnership or limited liability
company, if the partners or members thereof are composed only of the
Company, any corporation listed in item (i) above or any limited
partnership listed in item (ii) above.
"Subsidiaries" means more than one of any
such corporations, limited partnerships, partnerships or limited
liability companies.

2.31 "Termination of
Service" occurs when: a Participant who is an Employee of
the Company or any Subsidiary shall cease to serve as an Employee of
the Company and its Subsidiaries, for any reason; or, a Participant who
is an Outside Director of the Company shall cease to serve as a
director of the Company for any reason.

2.32 "Total
and Permanent Disability" means a Participant is qualified
for long-term disability benefits under the Company's disability
plan or insurance policy; or, if no such plan or policy is then in
existence, that the Participant, because of ill health, physical or
mental disability or any other reason beyond his or her control, is
unable to perform his or her duties of employment for a period of six
(6) continuous months, as determined in good faith by the Committee;
provided that, with respect to any Incentive Stock Option, Total and
Permanent Disability shall have the meaning given it under the rules
governing Incentive Stock Options under the Code.

ARTICLE
3
ADMINISTRATION

The Plan shall be administered by a
committee appointed by the Board (the
"Committee"). The Committee shall consist of
not fewer than three persons. Any member of the Committee may be
removed at any time, with or without cause, by resolution of the Board.
Any vacancy occurring in the membership of the Committee may be filled
by appointment by the Board.

Membership on the Committee shall
be limited to those members of the Board who are "outside
directors" under Section 162(m) of the Code. The Committee
shall select one of its members to act as its Chairman. A majority of
the Committee shall constitute a quorum, and the act of a majority of
the members of the Committee present at a meeting at which a quorum is
present shall be the act of the Committee.

The Committee shall
determine and designate from time to time the eligible persons to whom
Awards will be granted and shall set forth in each related Award
Agreement the Award Period, the Date of Grant, and such other terms,
provisions, limitations, and performance requirements, as are approved
by the Committee, but not inconsistent with the Plan. The Committee
shall determine whether an Award shall include one type of Incentive,
two or more Incentives granted in combination, or two or more
Incentives granted in tandem (that is, a joint grant where exercise of
one Incentive results in cancellation of all or a portion of the other
Incentive).

The Committee, in its discretion, shall (i)
interpret the Plan, (ii) prescribe, amend, and rescind any rules and
regulations necessary or appropriate for the administration of the
Plan, and (iii) make such other determinations and take such other
action as it deems necessary or advisable in the administration of the
Plan. Any interpretation, determination, or other action made or taken
by the Committee shall be final, binding, and conclusive on all
interested parties.

With respect to restrictions in the Plan
that are based on the requirements of Rule 16b-3 promulgated under the
1934 Act, Section 422 of the Code, Section 162(m) of the Code, the
rules of any exchange or inter-dealer quotation system upon which the
Company's securities are listed or quoted, or any other
applicable law, rule or restriction (collectively,
"applicable law"), to the extent that any
such restrictions are no longer required by applicable law, the
Committee shall have the sole discretion and authority to grant Awards
that are not subject to such mandated restrictions and/or to waive any
such mandated restrictions with respect to outstanding Awards.

ARTICLE 4
ELIGIBILITY

Any
Employee (including an Employee who is also a director or an officer),
Outside Director, or consultant of the Company whose judgment,
initiative, and efforts contributed or may be expected to contribute to
the successful performance of the Company is eligible to participate in
the Plan; provided that only Employees shall be eligible to receive
Incentive Stock Options. The Committee, upon its own action, may grant,
but shall not be required to grant, an Award to any Employee, Outside
Director, or consultant of the Company or any Subsidiary. Awards may be
granted by the Committee at any time and from time to time to new
Participants, or to then Participants, or to a greater or lesser number
of Participants, and may include or exclude previous Participants, as
the Committee shall determine. Except as required by this Plan, Awards
granted at different times need not contain similar provisions. The
Committee's determinations under the Plan (including without
limitation determinations of which Employees, Outside Directors, or
consultants, if any, are to receive Awards, the form, amount and timing
of such Awards, the terms and provisions of such Awards and the
agreements evidencing same) need not be uniform and may be made by it
selectively among Participants who receive, or are eligible to receive,
Awards under the Plan.

ARTICLE 5
SHARES SUBJECT TO
PLAN

Subject to adjustment as provided in Articles 13 and 14,
the maximum number of shares of Common Stock that may be delivered
pursuant to Awards granted under the Plan is thirteen million
(13,000,000) shares as increased on each December 31 from and including
December 31, 2001 by a number of shares equal to 800,000 shares or such
lesser amount determined by the Committee. Shares of Common Stock
previously subject to Awards which are forfeited, terminated, settled
in cash in lieu of Common Stock, or exchanged for Awards that do not
involve Common Stock, or expired unexercised and any shares of Common
Stock surrendered to the Company in payment of the exercise price of
Stock Options issued under the Plan shall again be available for awards
under the Plan.

Shares to be issued may be made available from
authorized but unissued Common Stock, Common Stock held by the Company
in its treasury, or Common Stock purchased by the Company on the open
market or otherwise. During the term of this Plan, the Company will at
all times reserve and keep available the number of shares of Common
Stock that shall be sufficient to satisfy the requirements of this
Plan.

ARTICLE 6
GRANT OF AWARDS

6.1 In
General.    The grant of an Award shall be authorized by the
Committee and shall be evidenced by an Award Agreement setting forth
the Award or Awards being granted, the total number of shares of Common
Stock subject to the Award(s), the Option Price (if applicable), the
Award Period, the Date of Grant, and such other terms, provisions,
limitations and performance criteria (which may or may not include
Performance Goals) as are approved by the Committee in its sole
discretion, but not inconsistent with the Plan. The Company shall
execute an Award Agreement with a Participant after the Committee
approves the issuance of an Award. Any Award granted pursuant to this
Plan must be granted within ten (10) years of the date of adoption of
this Plan. The grant of an Award to a Participant shall not be deemed
either to entitle the Participant to, or to disqualify the Participant
from, receipt of any other Award under the Plan.

If the
Committee establishes a purchase price for an Award, the Participant
must accept such Award within a period of thirty (30) days (or such
shorter period as the Committee may specify) after the Date of Grant by
executing the applicable Award Agreement and paying such purchase
price.

To the extent that the Committee determines that one or
more Performance Goals shall apply to the vesting, exercisability
and/or payment of an Award issued to a Participant who is an executive
officer of the Company, such vesting, exercisability and/or payment
shall be subject to the Committee's certification of the extent
to which the applicable Performance Goal(s) have been achieved.

6.2 Maximum ISO Grants.    The Committee
may not grant Incentive Stock Options under the Plan to any Employee
which would permit the aggregate Fair Market Value (determined on the
Date of Grant) of the Common Stock with respect to which Incentive
Stock Options (under this and any other plan of the Company and its
Subsidiaries) are exercisable for the first time by such Employee
during any calendar year to exceed $100,000. To the extent any Stock
Option granted under this Plan which is designated as an Incentive
Stock Option exceeds this limit or otherwise fails to qualify as an
Incentive Stock Option, such Stock Option (or any such portion thereof)
shall be a Non-qualified Stock Option.

6.3 Maximum Individual
Grants.    No Participant may receive during any fiscal year of the
Company Awards covering an aggregate of more than two million
(2,000,000) shares of Common Stock.

6.4 Restricted
Stock.    If Restricted Stock is granted to a Participant under an
Award, the Committee shall set forth in the related Award Agreement:
(i) the number of shares of Common Stock awarded, (ii) the price, if
any, to be paid by the Participant for such Restricted Stock, (iii) the
time or times within which such Award may be subject to forfeiture,
(iv) specified Performance Goals relating to the performance of the
Company, a Subsidiary, any division thereof or any group of Employees
of the Company, or any other criteria that the Committee determines
must be met in order to remove any restrictions (including but not
limited to vesting restrictions) on such Award, and (v) all other
terms, limitations, restrictions, and conditions of the Restricted
Stock, which shall be consistent with this Plan. The provisions of
Restricted Stock need not be the same with respect to each
Participant.

(a) Legend on Shares.    Each Participant who is
awarded Restricted Stock shall be issued a stock certificate or
certificates in respect of such shares of Common Stock. Such
certificate(s) shall be registered in the name of the Participant, and
shall bear an appropriate legend referring to the terms, conditions,
and restrictions applicable to such Restricted Stock, substantially as
provided in Section 17.9 of the Plan.

The Committee may require
that the stock certificates evidencing shares of Restricted Stock be
held in custody by the Company until the restrictions thereon shall
have lapsed, and that the Participant deliver to the Committee a stock
power or stock powers, endorsed in blank, relating to the shares of
Restricted Stock.

(b) Restrictions and Conditions.    Shares
of Restricted Stock shall be subject to the following restrictions and
conditions:

(i) Subject to the other provisions of this Plan and
the terms of the particular Award Agreements, during such period as may
be determined by the Committee commencing on the Date of Grant (the
"Restriction Period"), the Participant shall
not be permitted to sell, transfer, pledge or assign shares of
Restricted Stock. Except for these limitations, the Committee may in
its sole discretion, remove any or all of the restrictions on such
Restricted Stock whenever it may determine that, by reason of changes
in applicable laws or other changes in circumstances arising after the
date of the Award, such action is appropriate.

(ii) Except as
provided in sub-paragraph (i) above, the Participant shall have, with
respect to his or her Restricted Stock, all of the rights of a
stockholder of the Company, including the right to vote the shares, and
the right to receive any dividends thereon. Certificates for shares of
Common Stock free of restriction under this Plan shall be delivered to
the Participant promptly after, and only after, the Restriction Period
shall expire without forfeiture in respect of such shares of Common
Stock. Certificates for the shares of Common Stock forfeited under the
provisions of the Plan and the applicable Award Agreement shall be
promptly returned to the Company by the forfeiting Participant. Each
Award Agreement shall require that (x) each Participant, by his or her
acceptance of Restricted Stock, shall irrevocably grant to the Company
a power of attorney to transfer any shares so forfeited to the Company
and agrees to execute any documents requested by the Company in
connection with such forfeiture and transfer, and (y) such provisions
regarding returns and transfers of stock certificates with respect to
forfeited shares of Common Stock shall be specifically performable by
the Company in a court of equity or law.

(iii) The Restriction
Period of Restricted Stock shall commence on the Date of Grant and,
subject to Article 14 of the Plan, unless otherwise determined by the
Committee, shall expire upon satisfaction of the conditions (which may
include the satisfaction of Performance Goals) set forth in the Award
Agreement.

(iv) Subject to the provisions of the
particular Award Agreement, upon Termination of Service for any reason
during the Restriction Period, the nonvested shares of Restricted Stock
shall be forfeited by the Participant. In the event a Participant has
paid any consideration to the Company for such forfeited Restricted
Stock, the Company shall, as soon as practicable after the event
causing forfeiture (but in any event within five (5) business days),
pay to the Participant, in cash, an amount equal to the total
consideration paid by the Participant for such forfeited shares. Upon
any forfeiture, all rights of a Participant with respect to the
forfeited shares of the Restricted Stock shall cease and terminate,
without any further obligation on the part of the Company.

6.5
SAR.    A SAR shall entitle the Participant at his election to
surrender to the Company the SAR, or portion thereof, as the
Participant shall choose, and to receive from the Company in exchange
therefor cash in an amount equal to the excess (if any) of the Fair
Market Value (as of the date of the exercise of the SAR) per share over
the SAR Price per share specified in such SAR, multiplied by the total
number of shares of the SAR being surrendered. In the discretion of the
Committee, the Company may satisfy its obligation upon exercise of a
SAR by the distribution of that number of shares of Common Stock having
an aggregate Fair Market Value (as of the date of the exercise of the
SAR) equal to the amount of cash otherwise payable to the Participant,
with a cash settlement to be made for any fractional share interests,
or the Company may settle such obligation in part with shares of Common
Stock and in part with cash.

6.6 Tandem Awards.    The
Committee may grant two or more Incentives in one Award in the form of
a "tandem award," so that the right of the
Participant to exercise one Incentive shall be canceled if, and to the
extent, the other Incentive is exercised. For example, if a Stock
Option and a SAR are issued in a tandem Award, and the Participant
exercises the SAR with respect to 100 shares of Common Stock, the right
of the Participant to exercise the related Stock Option shall be
canceled to the extent of 100 shares of Common Stock.

ARTICLE
7
OPTION PRICE; SAR PRICE

The Option Price for any share of
Common Stock which may be purchased under a Non-qualified Stock Option
and the SAR Price for any share of Common Stock subject to a SAR may
not be less than the Fair Market Value of the share on the Date of
Grant. The Option Price for any share of Common Stock which may be
purchased under an Incentive Stock Option must be at least equal to the
Fair Market Value of the share on the Date of Grant; if an Incentive
Stock Option is granted to an Employee who owns or is deemed to own (by
reason of the attribution rules of Section 424(d) of the Code) more
than ten percent (10%) of the combined voting power of all
classes of stock of the Company (or any parent or Subsidiary), the
Option Price shall be at least 110% of the Fair Market Value of
the Common Stock on the Date of Grant.

ARTICLE 8
AWARD
PERIOD; VESTING

8.1 Award Period.    Subject to the other
provisions of this Plan, the Committee may, in its discretion, provide
that an Incentive may not be exercised in whole or in part for any
period or periods of time or beyond any date specified in the Award
Agreement. Except as provided in the Award Agreement, an Incentive may
be exercised in whole or in part at any time during its term. The Award
Period for an Incentive shall be reduced or terminated upon Termination
of Service in accordance with this Article 8 and Article 9. No
Incentive granted under the Plan may be exercised at any time after the
end of its Award Period. No portion of any Incentive may be exercised
after the expiration of ten (10) years from its Date of Grant. However,
if an Employee owns or is deemed to own (by reason of the attribution
rules of Section 424(d) of the Code) more than ten percent (10%)
of the combined voting power of all classes of stock of the Company (or
any parent or Subsidiary) and an Incentive Stock Option is granted to
such Employee, the term of such Incentive Stock Option (to the extent
required by the Code at the time of grant) shall be no more than five
(5) years from the Date of Grant.

8.2 Vesting.    The
Committee, in its sole discretion, may determine that an Award will be
immediately vested and/or exercisable, in whole or in part, or that the
vesting, exercisability and/or 

payment of all or any portion of an Award may
be subject to the occurrence of one or more specified events, subject
in any case to the terms of the Plan. If the Committee imposes
conditions upon the vesting, exercise or payment of an Award, the
Committee may in its sole discretion accelerate the date on which all
or any portion of the Award may vest or become exercisable or
payable.

ARTICLE 9
TERMINATION OF SERVICE

In the
event of Termination of Service of a Participant, an Incentive may only
be exercised as determined by the Committee and provided in the Award
Agreement.

ARTICLE 10
EXERCISE OF INCENTIVE

10.1 In
General.    A vested Incentive may be exercised during its Award
Period, subject to limitations and restrictions set forth in the Award
Agreement and in Article 9. A vested Incentive may be exercised at such
times and in such amounts as provided in this Plan and the applicable
Award Agreement, subject to the terms, conditions, and restrictions of
the Plan.

In no event may an Incentive be exercised or shares of
Common Stock be issued pursuant to an Award if a necessary listing or
quotation of the shares of Common Stock on a stock exchange or
inter-dealer quotation system or any registration under state or
federal securities laws required under the circumstances has not been
accomplished. No Incentive may be exercised for a fractional share of
Common Stock. The granting of an Incentive shall impose no obligation
upon the Participant to exercise that Incentive.

(a) Stock
Options.    Subject to such administrative regulations as the
Committee may from time to time adopt, a Stock Option may be exercised
by the delivery of written notice to the Committee setting forth the
number of shares of Common Stock with respect to which the Stock Option
is to be exercised and the date of exercise thereof (the
"Exercise Date") which shall be at least
three (3) days after giving such notice unless an earlier time shall
have been mutually agreed upon. On the Exercise Date, the Participant
shall deliver to the Company consideration with a value equal to the
total Option Price of the shares to be purchased, payable as follows:
(a) cash, check, bank draft, or money order payable to the order of the
Company, (b) Common Stock (including Restricted Stock) owned by the
Participant on the Exercise Date, valued at its Fair Market Value on
the Exercise Date, (c) by delivery (including by FAX) to the Company or
its designated agent of an executed irrevocable option exercise form
together with irrevocable instructions from the Participant to a broker
or dealer, reasonably acceptable to the Company, to sell certain of the
shares of Common Stock purchased upon exercise of the Stock Option or
to pledge such shares as collateral for a loan and promptly deliver to
the Company the amount of sale or loan proceeds necessary to pay such
purchase price, and/or (d) in any other form of valid consideration
that is acceptable to the Committee in its sole discretion. In the
event that shares of Restricted Stock are tendered as consideration for
the exercise of a Stock Option, a number of shares of Common Stock
issued upon the exercise of the Stock Option equal to the number of
shares of Restricted Stock used as consideration therefor shall be
subject to the same restrictions and provisions as the Restricted Stock
so submitted.

Upon payment of all amounts due from the
Participant, the Company shall cause certificates for the Common Stock
then being purchased to be delivered as directed by the Participant (or
the person exercising the Participant's Stock Option in the event
of his death) at its principal business office promptly after the
Exercise Date; provided that if the Participant has exercised an
Incentive Stock Option, the Company may at its option retain physical
possession of the certificate evidencing the shares acquired upon
exercise until the expiration of the holding periods described in
Section 422(a)(1) of the Code. The obligation of the Company to deliver
shares of Common Stock shall, however, be subject to the condition that
if at any time the Committee shall determine in its discretion that the
listing, registration, or qualification of the Stock Option or the
Common Stock upon any securities exchange or inter-dealer quotation
system or under any state or federal law, or the consent or approval of
any governmental regulatory body, is necessary as a condition of, or in
connection with, the Stock Option or the issuance or 

purchase of shares of Common Stock
thereunder, the Stock Option may not be exercised in whole or in part
unless such listing, registration, qualification, consent, or approval
shall have been effected or obtained free of any conditions not
reasonably acceptable to the Committee.

If the Participant fails
to pay for any of the Common Stock specified in such notice or fails to
accept delivery thereof, the Participant's right to purchase such
Common Stock may be terminated by the Company.

(b)
SARs.    Subject to the conditions of this Section 10.1(b) and such
administrative regulations as the Committee may from time to time
adopt, a SAR may be exercised by the delivery (including by FAX) of
written notice to the Committee setting forth the number of shares of
Common Stock with respect to which the SAR is to be exercised and the
date of exercise thereof (the "Exercise
Date") which shall be at least three (3) days after giving
such notice unless an earlier time shall have been mutually agreed
upon. On the Exercise Date, the Participant shall receive from the
Company in exchange therefor cash in an amount equal to the excess (if
any) of the Fair Market Value (as of the date of the exercise of the
SAR) per share of Common Stock over the SAR Price per share specified
in such SAR, multiplied by the total number of shares of Common Stock
of the SAR being surrendered. In the discretion of the Committee, the
Company may satisfy its obligation upon exercise of a SAR by the
distribution of that number of shares of Common Stock having an
aggregate Fair Market Value (as of the date of the exercise of the SAR)
equal to the amount of cash otherwise payable to the Participant, with
a cash settlement to be made for any fractional share interests, or the
Company may settle such obligation in part with shares of Common Stock
and in part with cash.

10.2 Disqualifying Disposition of
ISO.    If shares of Common Stock acquired upon exercise of an
Incentive Stock Option are disposed of by a Participant prior to the
expiration of either two (2) years from the Date of Grant of such Stock
Option or one (1) year from the transfer of shares of Common Stock to
the Participant pursuant to the exercise of such Stock Option, or in
any other disqualifying disposition within the meaning of Section 422
of the Code, such Participant shall notify the Company in writing of
the date and terms of such disposition. A disqualifying disposition by
a Participant shall not affect the status of any other Stock Option
granted under the Plan as an Incentive Stock Option within the meaning
of Section 422 of the Code.

ARTICLE 11
AMENDMENT OR
DISCONTINUANCE

Subject to the limitations set forth in this
Article 11, the Board may at any time and from time to time, without
the consent of the Participants, alter, amend, revise, suspend, or
discontinue the Plan in whole or in part; provided, however, that no
amendment which requires stockholder approval in order for the Plan and
Incentives awarded under the Plan to continue to comply with Sections
162(m), 421, and 422 of the Code, including any successors to such
Sections, shall be effective unless such amendment shall be approved by
the requisite vote of the stockholders of the Company entitled to vote
thereon. Any such amendment shall, to the extent deemed necessary or
advisable by the committee, be applicable to any outstanding Incentives
theretofore granted under the Plan, notwithstanding any contrary
provisions contained in any stock option agreement. In the event of any
such amendment to the Plan, the holder of any Incentive outstanding
under the Plan shall, upon request of the Committee and as a condition
to the exercisability thereof, execute a conforming amendment in the
form prescribed by the Committee to any Award Agreement relating
thereto. Notwithstanding anything contained in this Plan to the
contrary, unless required by law, no action contemplated or permitted
by this Article 11 shall adversely affect any rights of Participants or
obligations of the Company to Participants with respect to any
Incentive theretofore granted under the Plan without the consent of the
affected Participant.

ARTICLE 12
TERM

The Plan
shall be effective from the date that this Plan is approved by the
Board. Unless sooner terminated by action of the Board, the Plan will
terminate on November 11, 2009, but Incentives granted before that date
will continue to be effective in accordance with their terms and
conditions.

ARTICLE 13
CAPITAL ADJUSTMENTS

If at any time while the Plan is in effect, or Incentives are
outstanding, there shall be any increase or decrease in the number of
issued and outstanding shares of Common Stock resulting from (1) the
declaration or payment of a stock dividend, (2) any recapitalization
resulting in a stock split-up, combination, or exchange of shares of
Common Stock, or (3) other increase or decrease in such shares of
Common Stock effected without receipt of consideration by the Company,
then and in such event:

(i) An appropriate adjustment shall be
made in the maximum number of shares of Common Stock then subject to
being awarded under the Plan and in the maximum number of shares of
Common Stock that may be awarded to a Participant to the end that the
same proportion of the Company's issued and outstanding shares of
Common Stock shall continue to be subject to being so awarded.

(ii) Appropriate adjustments shall be made in the number of shares
of Common Stock and the Option Price thereof then subject to purchase
pursuant to each such Stock Option previously granted and unexercised,
to the end that the same proportion of the Company's issued and
outstanding shares of Common Stock in each such instance shall remain
subject to purchase at the same aggregate Option Price.

(iii)
Appropriate adjustments shall be made in the number of SARs and the SAR
Price thereof then subject to exercise pursuant to each such SAR
previously granted and unexercised, to the end that the same proportion
of the Company's issued and outstanding shares of Common Stock in
each instance shall remain subject to exercise at the same aggregate
SAR Price.

(iv) Appropriate adjustments shall be made in the
number of outstanding shares of Restricted Stock with respect to which
restrictions have not yet lapsed prior to any such change. Except as
otherwise expressly provided herein, the issuance by the Company of
shares of its capital stock of any class, or securities convertible
into shares of capital stock of any class, either in connection with
direct sale or upon the exercise of rights or warrants to subscribe
therefor, or upon conversion of shares or obligations of the Company
convertible into such shares or other securities, shall not affect, and
no adjustment by reason thereof shall be made with respect to (i) the
number of or Option Price of shares of Common Stock then subject to
outstanding Stock Options granted under the Plan, (ii) the number of or
SAR Price or SARs then subject to outstanding SARs granted under the
Plan, or (iii) the number of outstanding shares of Restricted
Stock.

(v) If the Committee determines that an adjustment is
necessary or desirable to carry out the purposes of the Plan, the
Committee may make adjustments to the Performance Goals applicable to
any Award.

Upon the occurrence of each event requiring an
adjustment with respect to any Incentive, the Company shall mail to
each affected Participant its computation of such adjustment which
shall be conclusive and shall be binding upon each such
Participant.

ARTICLE 14
RECAPITALIZATION, MERGER AND
CONSOLIDATION; CHANGE IN CONTROL

(a) The existence of this Plan
and Incentives granted hereunder shall not affect in any way the right
or power of the Company or its stockholders to make or authorize any or
all adjustments, recapitalizations, reorganizations, or other changes
in the Company's capital structure and its business, or any
merger or consolidation of the Company, or any issue of bonds,
debentures, preferred or preference stocks ranking prior to or
otherwise affecting the Common Stock or the rights thereof (or any
rights, options, or warrants to purchase same), or the dissolution or
liquidation of the Company, or any sale or transfer of all or any part
of its assets or business, or any other corporate act or proceeding,
whether of a similar character or otherwise.

(b) Subject to any
required action by the stockholders, if the Company shall be the
surviving or resulting corporation in any merger, consolidation or
share exchange, any Incentive granted hereunder shall pertain to and
apply to the securities or rights (including cash, property, or assets)
to which a holder of the number of shares of Common Stock subject to
the Incentive would have been entitled.

(c) In the event of any merger,
consolidation or share exchange pursuant to which the Company is not
the surviving or resulting corporation, there shall be substituted for
each share of Common Stock subject to the unexercised portions of such
outstanding Incentives, that number of shares of each class of stock or
other securities or that amount of cash, property, or assets of the
surviving, resulting or consolidated company which were distributed or
distributable to the stockholders of the Company in respect to each
share of Common Stock held by them, such outstanding Incentives to be
thereafter exercisable for such stock, securities, cash, or property in
accordance with their terms. Notwithstanding the foregoing, however,
all such Incentives may be canceled by the Company as of the effective
date of any such reorganization, merger, consolidation, share exchange
or any dissolution or liquidation of the Company by giving notice to
each holder thereof or his personal representative of its intention to
do so and by permitting the purchase during the thirty (30) day period
next preceding such effective date of all of the shares of Common Stock
subject to such outstanding Incentives.

(d) In the event of a
Change of Control, then, notwithstanding any other provision in this
Plan to the contrary, all unmatured installments of Incentives
outstanding shall thereupon automatically be accelerated and
exercisable in full and all Restriction Periods applicable to Awards of
Restricted Stock shall automatically expire. The determination of the
Committee that any of the foregoing conditions has been met shall be
binding and conclusive on all parties.

ARTICLE
15
LIQUIDATION OR DISSOLUTION

In case the Company shall, at
any time while any Incentive under this Plan shall be in force and
remain unexpired, (i) sell all or substantially all of its property, or
(ii) dissolve, liquidate, or wind up its affairs, then each Participant
shall be thereafter entitled to receive, in lieu of each share of
Common Stock of the Company which such Participant would have been
entitled to receive under the Incentive, the same kind and amount of
any securities or assets as may be issuable, distributable, or payable
upon any such sale, dissolution, liquidation, or winding up with
respect to each share of Common Stock of the Company. If the Company
shall, at any time prior to the expiration of any Incentive, make any
partial distribution of its assets, in the nature of a partial
liquidation, whether payable in cash or in kind (but excluding the
distribution of a cash dividend payable out of earned surplus and
designated as such) then in such event the Option Prices or SAR Prices
then in effect with respect to each Stock Option or SAR shall be
reduced, on the payment date of such distribution, in proportion to the
percentage reduction in the tangible book value of the shares of the
Company's Common Stock (determined in accordance with generally
accepted accounting principles) resulting by reason of such
distribution.

ARTICLE 16
INCENTIVES IN SUBSTITUTION FOR
INCENTIVES GRANTED BY OTHER ENTITIES

Incentives may be granted
under the Plan from time to time in substitution for similar
instruments held by employees or directors of a corporation,
partnership, or limited liability company who become or are about to
become management Employees or Outside Directors of the Company or any
Subsidiary as a result of a merger or consolidation of the employing
corporation with the Company, the acquisition by the Company of equity
of the employing entity, or any other similar transaction pursuant to
which the Company becomes the successor employer. The terms and
conditions of the substitute Incentives so granted may vary from the
terms and conditions set forth in this Plan to such extent as the Board
at the time of grant may deem appropriate to conform, in whole or in
part, to the provisions of the Incentives in substitution for which
they are granted.

ARTICLE 17
MISCELLANEOUS PROVISIONS

17.1 Investment Intent.    The Company may require that there be
presented to and filed with it by any Participant under the Plan, such
evidence as it may deem necessary to establish that the Incentives
granted or the shares of Common Stock to be purchased or transferred
are being acquired for investment and not with a view to their
distribution.

17.2 No Right to Continued
Employment.    Neither the Plan nor any Incentive granted under the
Plan shall confer upon any Participant any right with respect to
continuance of employment by the Company or any Subsidiary.

17.3
Indemnification of Board and Committee.    No member of the Board or
the Committee, nor any officer or Employee of the Company acting on
behalf of the Board or the Committee, shall be personally liable for
any action, determination, or interpretation taken or made in good
faith with respect to the Plan, and all members of the Board or the
Committee and each and any officer or employee of the Company acting on
their behalf shall, to the extent permitted by law, be fully
indemnified and protected by the Company in respect of any such action,
determination, or interpretation.

17.4 Effect of the
Plan.    Neither the adoption of this Plan nor any action of the
Board or the Committee shall be deemed to give any person any right to
be granted an Award or any other rights except as may be evidenced by
an Award Agreement, or any amendment thereto, duly authorized by the
Committee and executed on behalf of the Company, and then only to the
extent and upon the terms and conditions expressly set forth
therein.

17.5 Compliance with Other Laws and
Regulations.    Notwithstanding anything contained herein to the
contrary, the Company shall not be required to sell or issue shares of
Common Stock under any Incentive if the issuance thereof would
constitute a violation by the Participant or the Company of any
provisions of any law or regulation of any governmental authority or
any national securities exchange or inter-dealer quotation system or
other forum in which shares of Common Stock are quoted or traded
(including without limitation Section 16 of the 1934 Act and Section
162(m) of the Code); and, as a condition of any sale or issuance of
shares of Common Stock under an Incentive, the Committee may require
such agreements or undertakings, if any, as the Committee may deem
necessary or advisable to assure compliance with any such law or
regulation. The Plan, the grant and exercise of Incentives hereunder,
and the obligation of the Company to sell and deliver shares of Common
Stock, shall be subject to all applicable federal and state laws, rules
and regulations and to such approvals by any government or regulatory
agency as may be required.

17.6 The Company shall have the right
to deduct from all amounts hereunder paid in cash or other form, any
Federal, state, or local taxes required by law to be withheld with
respect to such payments. The Participant receiving shares of Common
Stock issued under the Plan shall be required to pay the Company the
amount of any taxes which the Company is required to withhold with
respect to such shares of Common Stock. Such payments shall be required
to be made prior to the delivery of any certificate representing such
shares of Common Stock. Such payment may be made in cash, by check,
through the delivery of shares of Common Stock owned by the Participant
(but not acquired from the Company within six (6) months prior to such
payment, unless otherwise determined by the Committee), by the
Participant electing to have the Company withhold a number of shares
from the Award (such shares shall have an aggregate Fair Market Value
equal to or less than the minimum statutorily required withholding), or
any combination thereof. Notwithstanding the foregoing, in the event of
an assignment of a Non-qualified Stock Option or SAR pursuant to
Section 17.7, the Participant who assigns the Non-qualified Stock
Option or SAR shall remain subject to withholding taxes upon exercise
of the Non-qualified Stock Option or SAR by the transferee to the
extent required by the Code or the rules and regulations promulgated
thereunder.

17.7 Assignability.    Incentive Stock Options may
not be transferred or assigned other than by will or the laws of
descent and distribution and may be exercised during the lifetime of
the Participant only by the Participant or the Participant's
legally authorized representative, and each Award Agreement in respect
of an Incentive Stock Option shall so provide. The designation by a
Participant of a beneficiary will not constitute a transfer of the
Stock Option. The Committee may waive or modify any limitation
contained in the preceding sentences of this Section 17.7 that is not
required for compliance with Section 422 of the Code.

The
Committee may, in its discretion, authorize all or a portion of a
Non-qualified Stock Option or SAR to be granted to a Participant to be
on terms which permit transfer by such Participant to (i) the spouse,
children or grandchildren of the Participant ("Immediate
Family Members"), (ii) a trust or trusts for the exclusive
benefit of such Immediate Family Members, (iii) a partnership in which
such Immediate Family Members are the only partners, (iv) an entity
exempt from federal income tax pursuant to Section 501(c)(3) of the
Code or any successor provision, or (v) a split interest trust or
pooled income fund 

described in Section 2522(c)(2) of the Code
or any successor provision, provided that (x) there shall be no
consideration for any such transfer, (y) the Award Agreement pursuant
to which such Non-qualified Stock Option or SAR is granted must be
approved by the Committee and must expressly provide for
transferability in a manner consistent with this Section, and (z)
subsequent transfers of transferred Non-qualified Stock Options or SARs
shall be prohibited except those by will or the laws of descent and
distribution. In addition, the Committee may, in its discretion,
authorize all or a portion of a Non-qualified Stock Option or SAR to be
granted to an Outside Director to be on terms which permit transfer by
such Outside Director of a portion or all of such an Award to his or
her employer, provided that (x) the Award Agreement pursuant to which
such Nonqualified Stock Option or SAR is granted must be approved by
the Committee and must expressly provide for transferability in a
manner consistent with this Section, and (y) unless specifically
authorized in the Award Agreement, subsequent transfers of transferred
Non-qualified Stock Options or SARs shall be prohibited except those by
will or the laws of descent and distribution.

Following any
transfer, any such Non-qualified Stock Option and SAR shall continue to
be subject to the same terms and conditions as were applicable
immediately prior to transfer, provided that for purposes of Articles
10, 11, 13, 15 and 17 hereof the term
"Participant" shall be deemed to include the
transferee. The events of Termination of Service shall continue to be
applied with respect to the original Participant, following which the
Non-qualified Stock Options and SARs shall be exercisable by the
transferee only to the extent and for the periods specified in the
Award Agreement. The Committee and the Company shall have no obligation
to inform any transferee of a Non-qualified Stock Option or SAR of any
expiration, termination, lapse or acceleration of such Option. The
Company shall have no obligation to register with any federal or state
securities commission or agency any Common Stock issuable or issued
under a Non-qualified Stock Option or SAR that has been transferred by
a Participant under this Section 17.7.

17.8 Use of
Proceeds.    Proceeds from the sale of shares of Common Stock
pursuant to Incentives granted under this Plan shall constitute general
funds of the Company.

17.9 Legend.    Each certificate
representing shares of Restricted Stock issued to a Participant shall
bear the following legend, or a similar legend deemed by the Company to
constitute an appropriate notice of the provisions hereof (any such
certificate not having such legend shall be surrendered upon demand by
the Company and so endorsed):

On the face of the
certificate:

"Transfer of this stock is restricted
in accordance with conditions printed on the reverse of this
certificate."

On the reverse:

"The shares of stock evidenced by this certificate are
subject to and transferable only in accordance with that certain
Alamosa Holdings, Inc. 1999 Long-Term Incentive Plan, a copy of which
is on file at the principal office of the Company in Lubbock, Texas. No
transfer or pledge of the shares evidenced hereby may be made except in
accordance with and subject to the provisions of said Plan. By
acceptance of this certificate, any holder, transferee or pledgee
hereof agrees to be bound by all of the provisions of said
Plan."

The following legend shall be inserted on a
certificate evidencing Common Stock issued under the Plan if the shares
were not issued in a transaction registered under the applicable
federal and state securities laws:

"Shares of stock
represented by this certificate have been acquired by the holder for
investment and not for resale, transfer or distribution, have been
issued pursuant to exemptions from the registration requirements of
applicable state and federal securities laws, and may not be offered
for sale, sold or transferred other than pursuant to effective
registration under such laws, or in transactions otherwise in
compliance with such laws, and upon evidence satisfactory to the
Company of compliance with such laws, as to which the Company may rely
upon an opinion of counsel satisfactory to the
Company."

A copy of this Plan shall be kept on file
in the principal office of the Company in Lubbock, Texas.<PAGE>

                                                                    EXHIBIT 10.1

                                                                     EXECUTION 2

                       THIRD AMENDMENT TO REVOLVING CREDIT
           AND TERM LOAN AGREEMENT AND AMENDMENT TO SECURITY AGREEMENT

         THIS THIRD AMENDMENT TO REVOLVING CREDIT AND TERM LOAN AGREEMENT AND
AMENDMENT TO SECURITY AGREEMENT (this "Amendment") dated as of June 3, 2005, 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 as amended
by a First Amendment to Revolving Credit and Term Loan Agreement dated as of
September 16, 2004 and by a Second Amendment to Revolving Credit and Term Loan
Agreement and Amendment to Security Agreement dated as of February 7, 2005 (as
amended, the "Loan Agreement");

         WHEREAS, the Company, the Subsidiary Borrowers, certain Banks, the
Agent and the Syndication Agent are parties to a Security Agreement dated as of
August 10, 2004 that secures the Obligations under the Loan Agreement, as
amended by a First Amendment to Revolving Credit and Term Loan Agreement dated
as of September 16, 2004 and by a Second Amendment to Revolving Credit and Term
Loan Agreement and Amendment to Security Agreement dated as of February 7, 2005
(as amended, the "Security Agreement"); and

         WHEREAS, the Company intends to acquire the outstanding stock of Monona
Corporation, a Delaware corporation, under that certain Stock Purchase Agreement
dated as of June 1, 2005 between Monona Holdings, LLC (the "Seller") and the
Company; and

         WHEREAS, the Company, the Subsidiary Borrowers and the Foreign Currency
Borrowers have requested that the Banks increase their Revolving Commitments
under the Loan Agreement to provide financing for the MWC Acquisition (defined
below) and the Banks have agreed to do so upon the terms and subject to the
conditions set forth in this Amendment; and

         WHEREAS, the Company intends that Monona Corporation and its U.S.
Subsidiaries will become Subsidiary Borrowers under the Loan Agreement pursuant
to the terms of the Loan Agreement and an Assumption Letter of even date
herewith to be executed by Monona Corporation, a Delaware corporation, Monona
Wire Corporation, an Iowa corporation, and Monona (Mexico) Holdings LLC, an
Illinois limited liability company, each as a New Subsidiary Borrower, and the
Agent; and

         WHEREAS, the assets of Monona Corporation, Monona Wire Corporation and
Monona (Mexico) Holdings LLC are to become a part of the Collateral under the
Loan Agreement and the Security Agreement; and

<PAGE>

         WHEREAS, the parties desire to amend certain other provisions of the
Loan Agreement and the Security 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. Amendments to Loan Agreement. The Loan Agreement is hereby amended
as follows:

                  (a) The following definitions of "MWC Acquisition", "MWC
         Acquisition Documents", "MWC Stock Purchase Agreement", "MWC Sellers"
         and "Secondary Offering" are added to Section 1.1 of the Loan Agreement
         in appropriate alphabetical order:

                           "MWC Acquisition": The acquisition by the Company of
                  all of the issued and outstanding stock of Monona Corporation,
                  a Delaware corporation, under the terms of the MWC Stock
                  Purchase Agreement.

                           "MWC Acquisition Documents": All documents executed
                  and delivered by the Company and the MWC Seller in connection
                  with the MWC Acquisition, including, without limitation the
                  MWC Stock Purchase Agreement.

                           "MWC Stock Purchase Agreement": That certain Stock
                  Purchase Agreement dated as of June 3, 2005 among the Company
                  and the MWC Seller.

                           "MWC Seller": Monona Holdings, LLC, a Delaware
                  limited liability company.

                           "Secondary Offering": A public offering of 1,500,000
                  of the common shares of the Company anticipated to occur in
                  the third or fourth calendar quarters of 2005.

                  The last sentence of the definition of "EBITDA" in Section 1.1
                  of the Loan Agreement is amended in its entirety to read as
                  follows:

                  For the three fiscal quarters ending on the following dates,
                  EBITDA shall be deemed to be the respective amounts indicated:
                  September 30, 2004, $23,041,000; December 31, 2004,
                  $24,548,000; March 31, 2005, $25,666,000; and for the
                  companies acquired in the MWC Acquisition for April, 2005
                  EBITDA shall be $1,306,000 and for May such EBITDA shall be
                  $1,300,000.

                  The definition of "Permitted Acquisition" in Section 1.1 of
                  the Loan Agreement is amended in its entirety to read as
                  follows:

                                       2
<PAGE>

                           "Permitted Acquisition": The Acquisition, the MWC
                  Acquisition and any other acquisition by the Company or any
                  Subsidiary of stock or assets of Persons conducting businesses
                  similar to those of the Company or such Subsidiary, as long as
                  (a) the Agent and the Banks have been notified of such
                  acquisition not less than 15 days prior to the consummation
                  thereof and have been provided with such information as the
                  Agent may reasonably request with respect to the acquired
                  business, (b) both before and after giving effect to such
                  acquisition, no Default or Event of Default shall have
                  occurred and be continuing, (c) the Company has demonstrated
                  pro forma compliance with Sections 6.18, 6.19, 6.20 and 6.21
                  for the first four fiscal quarters ending after the closing of
                  such acquisition, and (d) the total consideration paid by the
                  Company or any Subsidiary in connection with such acquisitions
                  does not exceed $20,000,000 in the aggregate in any fiscal
                  year of the Company. For purposes of the foregoing, "total
                  consideration" shall mean, without duplication, cash or other
                  consideration paid, the fair market value of property or stock
                  exchanged (or the face amount, if preferred stock), the total
                  amount of any deferred payments or purchase money debt, all
                  Indebtedness incurred to the seller, and the total amount of
                  any Indebtedness or other acquisition-related obligations
                  (including, without limitation, obligations pursuant to
                  non-compete or consulting arrangements) assumed or undertaken
                  in such transactions.

                  (b) The following sentence is added at the end of Section 2.1
         (a) of the Loan Agreement:

                           There shall be no more than nine Eurocurrency Rate
         Advances outstanding at any time (excluding the Foreign Currency
         Advances referred to in the immediately preceding sentence).

                  (c) The first three sentences of Section 2.2(a)(i) of the Loan
         Agreement are amended in their entireties to read as follows:

                           Any request by the Borrowers' Agent for Revolving
Loans or a Swingline Loan hereunder shall be in writing or, as to Advances in
U.S. Dollars, by telephone and must be given so as to be received by the Agent
(or, as to Foreign Currency Advances, to the Foreign Currency Funding Agent with
a copy to the Agent) (a) not later than 1:00 P.M. (local time of the Foreign
Currency Funding Agent) three Eurocurrency Business Days prior to the requested
Revolving Loan Date if the Revolving Loans (or any portion thereof) are
requested as Foreign Currency Advances, (b) not later than 1:00 P.M.
(Minneapolis time) three Eurocurrency Business Days prior to the requested
Revolving Loan Date if the Revolving Loans (or any portion thereof) are
requested as Eurocurrency Rate Advances in U.S. Dollars, (c) not later than 1:00
P.M. (Minneapolis time) on the requested Revolving Loan Date or if the Revolving
Loans are requested as Prime Rate Advances in U.S. Dollars, and (d) not later
than 4:00 P.M. (Minneapolis time) on the requested Revolving Loan Date or if the
Loans are requested as Swingline Loans. Each request for Revolving Loans and
Swingline Loans hereunder shall be irrevocable and shall be deemed a
representation by each Borrower that on the requested Revolving Loan Date or
Swingline Loan Date, as applicable, and after giving effect to the requested
Revolving Loans or Swingline Loans, the applicable conditions specified in
Article III

                                       3
<PAGE>

have been and will be satisfied. Each request for Revolving Loans and Swingline
Loans hereunder shall specify (i) the requested Revolving Loan Date or Swingline
Loan Date, (ii) the aggregate amount of Revolving Loans or Swingline Loans to be
made on such date which shall be in a minimum amount of $100,000.00 in the case
of Eurocurrency Rate Advances, $100,000.00 in the case of Prime Rate Advances,
or if more, an integral multiple thereof and Pound Sterling500,000 in the case
of Foreign Currency Advances or, if more, an integral multiple of Pound
Sterling250,000, (iii) whether such Revolving Loans are to be funded as Prime
Rate Advances or Eurocurrency Rate Advances and/or Foreign Currency Advances
(and, if such Revolving Loans are to be made with more than one applicable
interest rate choice, specifying the amount to which each interest rate choice
is applicable) and (iv) in the case of Eurocurrency Rate Advances, the duration
of the initial Interest Period applicable thereto.

                  (d) The second sentence of Section 2.5 of the Credit Agreement
         is amended in its entirety to read as follows:

                           Advances may be converted to, or continued as,
Eurocurrency Rate Advances only in a minimum amount, as to the aggregate amount
of the Advances of all Banks so converted or continued, of $3,000,000 and
multiples of $1,000,000 in excess thereof (or, as to Foreign Currency Advances,
Pound Sterling500,000 and multiples of Pound Sterling250,000 in excess thereof
(or, if less, in the full amount of the unpaid balance of the Foreign Currency
Advances)).

                  (e) Section 2.8 of the Credit Agreement is amended by adding
         the following Section 2.8(h) at the end thereof:

                           (h) Net Proceeds of Secondary Offering. The net cash
proceeds of the Secondary Offering (which shall be the amount of cash raised by
the Company in the Secondary Offering, less the costs, expenses and fees paid or
incurred in connection with the Secondary Offering) shall be paid to the Agent
for the account of the Banks for application first to Prime Rate Advances under
the Revolving Loans and then to Eurocurrency Rate Advances under the Revolving
Loans in order starting with the Eurocurrency Rate Advances having the shortest
time to the end of the applicable Interest Period; provided, however, that there
shall not be any corresponding reduction in the Revolving Commitment as a result
of such mandatory prepayment.

                  (f) Section 5.10 of the Loan Agreement is amended in its
         entirety to read as follows:

         Section 5.10 Use of Proceeds. The Borrowers shall use the proceeds of
the Loans solely as follows: (a) to refinance certain Indebtedness, (b) to pay
costs and expenses of the Related Transaction and costs and expenses required to
be paid pursuant to Section 3.l(f), (c) to finance the Acquisition and the MWC
Acquisition and to pay costs and expenses related to each and (d) for working
capital and other general corporate purposes not in contravention of any
Requirement of Law and not in violation of this Agreement.

                  (g) Section 6.1(r) of the Loan Agreement is amended by
         deleting therefrom the dollar amount "$1,000,000" and inserting in its
         place the dollar amount "$1,500,000".

                                       4
<PAGE>

                  (h) Section 6.2(b) of the Loan Agreement is amended by
         deleting therefrom the dollar amount "$1,000,000" and inserting in its
         place the dollar amount "$1,500,000".

                  (i) Section 6.2(h) of the Loan Agreement is amended by
         deleting therefrom the dollar amount "$5,000,000" and inserting in its
         place the dollar amount "$20,000,000".

                  (j) Section 6.2 of the Loan Agreement is further amended by
         deleting the word "and" at the end of Section 6.2(i), changing the
         period at the end of Section 6.2(j) to a semi-colon, inserting the word
         "and" immediately thereafter and inserting the following new Sections
         6.2(k), 6.2(l) and 6.2(m) at the end thereof:

                           (k) the Secondary Offering.

                           (l) the sale of assets acquired in the MWC
Acquisition or the Acquisition and deemed by the Company in the exercise of its
reasonable business judgment not to be necessary or otherwise useful in the
conduct of the business of the Company, the Subsidiaries or the business so
acquired (so long as the Net Proceeds received in connection with any such
disposition are paid in reduction of the Revolving Loans, provided that such
payment on the Revolving Loans shall cause no corresponding reduction in the
Revolving Commitment).

                           (m) the sale of the real estate located at 1100 N.
Elm Street, Orrville, Ohio.

                  (k) Section 6.4(x) of the Loan Agreement is amended by
         deleting therefrom the dollar amount "$1,000,000" and inserting in its
         place the dollar amount "$1,500,000".

                  (l) Section 6.4 of the Loan Agreement is further amended by
         (i) deleting from Section 6.4(v) (ii) the dollar amount "$5,000,000"
         and inserting in its place the dollar amount "$20,000,000", and (ii) by
         deleting therefrom Section 6.4(y).

                  (m) Section 6.6(a) of the Loan Agreement is amended in its
         entirety to read as follows:

                           (a) as expressly permitted by this Agreement,
including, without limitation, sales of inventory by Foreign Subsidiaries to one
or more Borrowers;

                  (n) Sections 6.13 and 6.14 are amended by adding the following
         sentence at the end of each:

                           The provisions of this Section shall not prohibit (A)
the change in the fiscal year of fee entities acquired in the MWC Acquisition to
a calendar year end after consummation of the MWC Acquisition, (B) the amendment
and restatement of the charter of National Seating Company in connection with an
authorized reverse stock split and (C) the amendment and restatement of the
charter and bylaws of Monona Wire Corporation subsequent to the MWC Acquisition
to delete all preferred stock and to reduce authorized shares to one share of
class A, common stock.

                                       5
<PAGE>

                  (o) Section 6.15(a) of the Loan Agreement is amended by adding
         after the phrase "Related Agreement or Acquisition Document" the phrase
         "or MWC Acquisition Document" each time it appears.

                  (p) Section 6.18 of the Loan Agreement is amended in its
         entirety to read as follows:

         Section 6.18 Capital Expenditures. The Borrowers and their Subsidiaries
shall not make Capital Expenditures for any fiscal year in an aggregate amount
in excess of $25,000,000.

                  (q) On the Effective Date, each of Schedules 1.1(a), 1.1(b),
         4.2, 4.7, 4.10, 4.12, 6.01, 6.4, 6.5 and 6.6 to the Loan Agreement are
         hereby replaced in their entireties with Schedules 1.1(b), 4.2, 4.7,
         4.10, 6.01, 6.4, 6.5 and 6.6 that are attached to this Third Amendment
         and Exhibit 5.2(a) to the Loan Agreement is hereby replaced in its
         entirety with Exhibit 5.2(a) to this Third Amendment.

         3. Replaced Notes. Upon the Effective Date, the Agent, the Syndication
Agent and the Banks shall mark their existing Revolving Notes "cancelled" and
thereafter return them to the Company as soon as practicable.

         4. Amendments to Security Agreement. Upon execution and delivery of the
Assumption Letters by Monona Corporation, Monona Wire Corporation and Monona
(Mexico) Holdings LLC, the Security Agreement is amended as follows:

                  (a) To add each of Monona Corporation, Monona Wire Corporation
         and Monona (Mexico) Holdings LLC thereto as a Grantor.

                  (b) To add a pledge by the Company of the Equity Interest of
         Monona Corporation, a pledge by Monona Corporation of its Equity
         Interest in Monona Wire Corporation and a pledge by Monona Wire
         Corporation of its Equity Interest in Monona (Mexico) Holdings LLC. By
         its signature on this Amendment the Company hereby pledges to the
         Secured Parties the issued and outstanding Equity Interest of Monona
         Corporation and upon execution and delivery of the Assumption Letters
         by Monona Corporation, Monona Wire Corporation and Monona (Mexico)
         Holdings LLC, Schedule 1 to the Security Agreement is amended to add
         the following thereto:

                                       6

<PAGE>

<Table>
<Caption>
Holder of       Issuer of                      Stock         Equity        Equity
Equity          Equity          Interest      Certificate   Interest      Interest
Interest        Interest        Pledged       Number        Issued        Authorized       Par Value
---------       ---------       --------      -----------   --------      ----------       ---------

<S>             <C>             <C>           <C>           <C>           <C>              <C>
Commercial      Monona          Stock         R-2           100 shares    100 shares       $.001
Vehicle         Corporation                                 common
Group, Inc.

Monona          Monona          Stock         A 100         1 share       50,000           $1.00
Corporation     Wire                                        Class A       class A
                Corporation                                 common        common,
                                                                          50,000
                                                                          class B
                                                                          common,
                                                                          50,000
                                                                          series A
                                                                          preferred,
                                                                          4,000
                                                                          series B
                                                                          preferred,
                                                                          50,000
                                                                          series C
                                                                          preferred

Monona          Monona          Membership    1             100%
Wire            (Mexico)        Interest                    membership
Corporation     Holdings
                LLC
</Table>

                  (c) To add the phrase "As of the Closing Date" at the
         beginning of each of the first two sentences of Section 9 thereof (with
         appropriate changes in the capitalization of the prior first words in
         each of such sentences).

         5. Conditions to Effectiveness of this Amendment. This Amendment shall
be effective as of June 3, 2005 (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 following
conditions are satisfied or waived:

                                       7
<PAGE>

                  (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.

                  (b) 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
         February 7, 2005.

                  (d) No revisions shall have been made to the articles of
         incorporation or bylaws of any of the Borrowers since August 10, 2004
         (except (i) CVG Acquisition LLC, CVG Logistics, LLC, CVG Management
         Corporation, Commercial Vehicle Systems, Inc., (ii) for those made in
         conjunction with the merger of Trim Systems L.L.C. and Tempress, Inc.
         with and into Trim Systems Operating Corp., (iii) except those made to
         the organizational and operating documents of the entities acquired in
         the MWC Acquisition, and (iv) the amendment and restatement of the
         charter of National Seating Company in connection with the authorized
         reverse stock split).

                  (e) The Agent shall have received the following or shall
         receive the following substantially simultaneously with the execution
         and delivery of this Amendment, each duly executed or certified, as the
         case may be, and dated as of the date of delivery thereof:

                           (i) new Revolving Notes payable to each Bank (the
                  "New Notes") duly executed by the Borrowers;

                           (ii) an officer's certificate from the Company and
                  each Subsidiary Borrower certifying resolutions of the board
                  of directors, managers or member of each such Borrower
                  authorizing the increased borrowings under this Amendment, the
                  execution, delivery and performance of this Amendment and all
                  documents contemplated hereunder, and certifying the
                  designation of Authorized Officers to execute the Credit
                  Agreement, Loan Documents and amendments thereto;

                           (iii) true, correct and complete copies of the MWC
                  Acquisition Documents in form and substance reasonably
                  satisfactory to the Agent;

                           (iv) an opinion of counsel to the Borrowers covering
                  such matters as reasonably requested by the Agent and in form
                  and substance reasonably satisfactory to the Agent;

                           (v) an Assumption Letter in the required form duly
                  executed by Monona Corporation, an Assumption Letter in the
                  required form duly executed by Monona Wire Corporation and an
                  Assumption Letter in the required form duly executed by Monona
                  (Mexico) Holdings LLC;

                                       8
<PAGE>

                           (vi) ACORD 27 and ACORD 25 certificates of insurance
                  with respect to each of the businesses and real properties of
                  the Borrowers (including properties acquired in connection
                  with the MWC Acquisition) in such amounts and with such
                  carriers as shall be reasonably acceptable to the Agent;

                           (vii) A Trademark Security Agreement duly executed by
                  Monona Wire Corporation.

                           (viii) such other documents, instruments and
                  approvals as the Agent may reasonably request, including,
                  without limitation, certified copies of the Articles or
                  Certificate of Incorporation or Organization of Monona
                  Corporation, Monona Wire Corporation and Monona (Mexico)
                  Holdings LLC, bylaws or operating agreement, if any, certified
                  by an officer of Monona Corporation, Monona Wire Corporation
                  and Monona (Mexico) Holdings LLC, certificate of good standing
                  for the same, officer's certificate regarding incumbency of
                  officers of the same and authorization resolutions for the
                  Company, Monona Corporation, Monona Wire Corporation and
                  Monona (Mexico) Holdings LLC, as applicable, to execute and
                  deliver the MWC Acquisition Documents, the Assumption Letter
                  and this Amendment; and

                           (ix) The following events shall have occurred or
                  shall occur substantially simultaneously with the execution
                  and delivery of this Amendment:

                           (i) the MWC Acquisition shall have been consummated;

         6. Covenant Regarding Collateral. The Company covenants that it shall
cause Monona Corporation, and Monona Wire Corporation to use their commercially
reasonable efforts to obtain by August 1, 2005 any landlord waivers regarding
leased premises of Monona Corporation and Monona Wire Corporation at which
Equipment and/or Inventory of a value in excess of $50,000 is located. The
Company further covenants that it shall cause Monona Wire Corporation to execute
and deliver a pledge (in form and substance reasonably satisfactory to the
Agent) of 65% of the stock of MWC de Mexico S. de R.L. de C.V. to the Agent on
behalf of the Banks no later than June 10, 2005.

         7. 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, 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

                                       9
<PAGE>

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 that have not been waived in writing in this Amendment.

         8. Waiver. CVG Acquisition LLC changed its name to Mayflower Vehicle
Systems, LLC without providing the prior written notice to the Agent as required
by the Loan Documents. The Company inadvertently failed to list T.S. Mexico S.
de R.L. de C.V. in the schedule of Dormant Subsidiaries attached as Schedule
1.1(a) or its capitalization on Schedule 4.2 to the Loan Agreement when
originally executed and delivered. The failure to give prior written notice of
the change of the same of CVG Acquisition LLC to Mayflower Vehicle Systems, LLC,
such name change without such notice and the failure to list T.S. Mexico S. de
R.L. de C.V. on Schedules 1.l(a) and 4.2 and the failure to provide notice of
such Default are, collectively, the "Existing Defaults". The Banks hereby waive
the Existing Defaults. This waiver is limited to the express terms hereof and
does not extend to any other Default or Event of Default. This waiver is not,
and shall not be deemed, a course of dealing or performance upon which the
Borrowers may rely with respect to any other Default, Event of Default or
request for a waiver and the Borrowers hereby waive any such claim.

         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 or electronic transmission) 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

                                       10
<PAGE>

         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 permitted successors and assigns, and shall inure to the
         benefit of the Borrowers, the Banks, the Agent, the Syndication Agent
         and the successors and permitted assigns of the Banks, the Agent and
         the Syndication Agent.

                  [remainder of page intentionally left blank]

                                       11

<PAGE>
         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 VP and CFO
                                         ---------------------------------------

Address:
6530 Campus Way
New Albany, Ohio 43054
Fax: (614) 289-5371
Attention: Jeff Vogel

                                    SPRAGUE DEVICES, INC. (formerly
                                    COMMERCIAL VEHICLE SYSTEMS, INC.)

                                    By /s/ Chad M. Utrup
                                      ------------------------------------------

                                    Title VP and CFO
                                         ---------------------------------------

                                    NATIONAL SEATING COMPANY

                                    By /s/ Chad M. Utrup
                                      ------------------------------------------

                                    Title VP and CFO
                                         ---------------------------------------

                                    TRIM SYSTEMS OPERATING CORP.

                                    By /s/ Chad M. Utrup
                                      ------------------------------------------

                                    Title VP and CFO
                                         ---------------------------------------

                                       S-1
                      [Signature Pages to Third Amendment]

<PAGE>

                                    CVS HOLDINGS, INC.

                                    By /s/ Chad M. Utrup
                                      ------------------------------------------

                                    Title VP and CFO
                                         ---------------------------------------

                                    TRIM SYSTEMS, INC.

                                    By /s/ Chad M. Utrup
                                      ------------------------------------------

                                    Title VP and CFO
                                         ---------------------------------------

                                    MAYFLOWER VEHICLE SYSTEMS, LLC

                                    By /s/ Chad M. Utrup
                                      ------------------------------------------

                                    Title VP and CFO
                                         ---------------------------------------

                                    CVG MANAGEMENT CORPORATION

                                    By /s/ Chad M. Utrup
                                      ------------------------------------------

                                    Title VP and CFO
                                         ---------------------------------------

                                      S-2
                      [Signature Pages to Third Amendment]
<PAGE>

                                    FOREIGN CURRENCY BORROWERS:

                                    COMMERCIAL VEHICLE SYSTEMS LIMITED

                                    By /s/ Chad M. Utrup
                                      ------------------------------------------

                                    Title DIRECTOR
                                         ---------------------------------------

                                    KAB SEATING LIMITED

                                    By /s/ Chad M. Utrup
                                      ------------------------------------------

                                    Title DIRECTOR
                                         ---------------------------------------

                                    BOSTROM LIMITED

                                    By /s/ Chad M. Utrup
                                      ------------------------------------------

                                    Title DIRECTOR
                                         ---------------------------------------

                                    BOSTROM INTERNATIONAL LIMITED

                                    By /s/ Chad M. Utrup
                                      ------------------------------------------

                                    Title DIRECTOR
                                         ---------------------------------------

                                    CVS HOLDINGS LIMITED

                                    By /s/ Chad M. Utrup
                                      ------------------------------------------

                                    Title DIRECTOR
                                         ---------------------------------------

                                      S-3
                      [Signature Pages to Third Amendment]

<PAGE>

                               U.S. BANK NATIONAL ASSOCIATION

                               By /s/ ROBERT A. ROSATI
                                 ------------------------------------------
                                     Robert A. Rosati

                               Title Senior 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

                                       4
<PAGE>

                                    COMERICA BANK

                                    By /s/ MATTHEW T. BREIGHT
                                      ------------------------------------------
                                        Matthew T. Breight

                                    Title Vice President
                                         ---------------------------------------

                                    Address:
                                    Comerica Tower
                                    500 Woodward Avenue
                                    Detroit, Michigan  48226
                                    Fax: 313-222-3389
                                    Attention: Matthew T. Breight

                                       5

<PAGE>

                                    ASSOCIATED BANK, N.A.

                                    By /s/ DANIEL HOLZHAUER
                                      ------------------------------------------

                                    Title (ILLEGIBLE)
                                         ---------------------------------------

                                    Address:
                                    401 E. Kilbourn Avenue
                                    Suite 400
                                    Milwaukee, WI  53202
                                    Fax: 414-283-2300
                                    Attention: Daniel Holzhauer
                                    E-mail: Daniel.holzhauer@associatedbank.com

                                       6

<PAGE>

                                    CITIZENS 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@citizensbank.com

                                       7

<PAGE>

                                    NATIONAL CITY BANK OF THE MIDWEST

                                    By /s/ OLIVER GLENN
                                      ------------------------------------------
                                           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

                                       8

<PAGE>

                                    SUNTRUST BANK

                                    By /s/ (ILLEGIBLE)
                                      ------------------------------------------

                                    Title 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

                                       9

<PAGE>

                                    PNC BANK, NATIONAL ASSOCIATION

                                    By /s/ JEFFREY L. STEIN
                                      ------------------------------------------
                                           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

                                       10

<PAGE>

                                    KEYBANK NATIONAL ASSOCIATION

                                    By /s/ ROGER D. CAMPBELL
                                      ------------------------------------------

                                    Title SVP
                                         ---------------------------------------

                                    Address:
                                    88 East Broad Street, 2nd Floor
                                    Columbus, Ohio 43215
                                    Fax: 614-460-3469
                                    Attention: Roger D. Campbell
                                    e-mail: Roger_campbell@keybank.com

                                       11

<PAGE>

                                    LASALLE BANK NATIONAL ASSOCIATION

                                    By /s/ STEVEN P. SHEPARD
                                      ------------------------------------------

                                    Title Senior Vice President
                                         ---------------------------------------

                                    Address:
                                    LaSalle Bank N.A.
                                    One Columbus
                                    10 W. Broad St., Suite 2250
                                    Columbus, OH 43215-3418
                                    Attention: Steven P. Shepard, Senior V.P.
                                    Fax: 614-225-1631

                                       12

<PAGE>

                                    CREDIT SUISSE, Cayman Islands Branch
                                    (Formerly known as CREDIT SUISSE FIRST
                                    BOSTON, acting through its Cayman Island
                                    Branch)

                                    By /s/ PHILLIP HO
                                      ------------------------------------------
                                           PHILLIP HO
                                    Title  DIRECTOR

                                    By /s/ DOREEN BARR
                                      ------------------------------------------
                                           DOREEN BARR
                                    Title  ASSOCIATE

                                    Address:
                                    Eleven Madison Avenue
                                    New York, New York 10010
                                    Fax: 212-538-6851
                                    Attention: Edward Markowski
                                    e-mail: Edward.markowski@csfb.com

                                       13

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