Document:

Employment Agreement dated as of February 20, 2006 - Edward H. Orzetti

 Exhibit 10.142 
 [Execution Copy] 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this “Agreement”), dated as of March 3, 2006, is made by and between Keystone Automotive Holdings, Inc.,
a Delaware corporation (the “Company”), and Edward Orzetti (“Executive”). 
 WHEREAS, the Company has
offered, and Executive has accepted, a position of employment with the Company as the Company’s president and chief executive officer. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions. In this Agreement: 
 “Base Salary” has the meaning given to that term in Section 3(a). 
 “Benefits” means,
collectively, all of the employee benefit programs, including, without limitation, medical and dental plans and retirement plans, for which senior executive employees of the Company and its Subsidiaries are generally eligible. 
 “Board” means the Board of Directors of the Company. 
 “Cause” means Executive (i) commits, or is charged with, a felony or other crime involving moral turpitude; (ii) engages in willful misconduct or fraud with respect to the Company or any of
its Subsidiaries or any of their customers or suppliers or an intentional act of dishonesty or disloyalty in the course of his employment; (iii) engages in the abuse of alcohol or illegal drugs causing the Company or any of its Subsidiaries
material disrepute or economic harm or materially adversely affecting Executive’s ability to perform his duties, responsibilities and functions hereunder; (iv) refuses to perform his material obligations under this Agreement (except in
connection with a Disability) as reasonably directed by the Board, which failure is not cured within 15 days after written notice thereof to Executive; (v) misappropriates one or more of the Company’s assets or business opportunities; or
(vi) breaches Section 5, 6 or 7 hereof which breach, if capable of being cured, is not cured within 10 days after written notice thereof has been delivered to Executive. 
 “Disability” means Executive’s inability to perform the essential duties, responsibilities and functions of his position with the
Company and its Subsidiaries for a continuous period of 180 days as a result of any mental or physical disability or incapacity, as determined under the definition of disability in the Company’s long-term disability plan so as to qualify
Executive for benefits under the terms of that plan or as determined by an independent physician to the extent no such plan is then in effect. Executive shall cooperate in all respects with the Company if a question arises as to whether he has
become disabled (including, without limitation, submitting to an examination by a medical doctor or other health care specialists selected by the Company and authorizing such medical doctor or such other health care specialist to discuss
Executive’s condition with the Company). 

 “Employment Period” means the period commencing on the date hereof and ending on the
Expiration Date or such earlier date as contemplated in the proviso to Section 4(a). 
 “Expiration Date” means
the third anniversary of the date hereof; provided, that if a written notice is not given by the Company or Executive at least 90 days prior to such anniversary (or any subsequent anniversary if this Agreement is extended) stating that such
party is electing to terminate the Employment Period, then the Expiration Date will automatically be extended to the next anniversary of the date hereof. 
 “Expiration Year” means the calendar year in which the Employment Period expires. 
 “Good Reason” means: (i) Executive’s compensation is reduced in a manner not in accordance with the provisions for any such reduction provided by this Agreement; (ii) Executive’s duties or authority are
changed, without his permission, in a manner materially inconsistent with his role as president and chief executive officer or they are adversely changed or reduced; or (iii) there is otherwise a material breach of this Agreement by the
Company. 
 “Non-Compete Period” means the period commencing on the date hereof and ending 24 months after termination of
Executive’s employment with the Company; provided, that if Executive is terminated without Cause or terminates his employment for Good Reason, then “Non-Compete Period” means the period commencing on the date hereof and ending
12 months after Executive’s termination of employment. 
 “Termination Year” means the calendar year in which the
Employment Period is terminated. 
 “Subsidiaries” means any corporation or other entity of which the securities or other
ownership interests having the voting power to elect a majority of the board of directors or other governing body are, at the time of determination, owned by the Company, directly or through one of more Subsidiaries. 
 2. Employment, Position and Duties. 
 (a) The Company shall employ Executive and Executive hereby accepts employment with the Company, upon the terms and conditions set forth in this Agreement, for the Employment Period. 
 (b) During the Employment Period, Executive shall serve as the president and chief executive officer of the Company and shall perform the
normal duties, responsibilities and functions of the president and chief executive officer of a company of a similar size and type and shall have such power and authority as shall reasonably be required to enable him to perform his duties hereunder,
subject to the power and authority of the Board to expand or limit such duties, responsibilities, functions, power and authority and to overrule actions of officers of the Company in a manner consistent with the traditional responsibilities of such
office. 
  

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 (c) During the Employment Period, Executive shall (i) render such administrative,
financial and other executive and managerial services to the Company and its Subsidiaries which are consistent with Executive’s position as the Board may from time to time direct, (ii) report to the Board and devote his best efforts and
his full business time and attention (except for permitted vacation periods and reasonable periods of illness or other incapacity and except that Executive may, with the consent of the Board (which consent shall not be unreasonably withheld) serve
as a director of an unrelated Person that is not engaged in a Competing Business (as defined below)) to the business and affairs of the Company and its Subsidiaries and (iii) submit to the Board all business, commercial and investment
opportunities presented to Executive or of which Executive becomes aware which relate to the business of the Company and its subsidiaries and unless approved by the Board in writing, Executive shall not pursue, directly or indirectly, any such
opportunities on Executive’s own behalf. Executive shall perform his duties, responsibilities and functions to the Company and its Subsidiaries hereunder to the best of his abilities in a diligent, trustworthy and professional manner.

 3. Compensation and Benefits. 
 (a) During the Employment Period, Executive’s base salary shall be a minimum of $550,000 per annum (as increased or decreased in accordance with this Agreement from time to time, the “Base
Salary”), which salary shall be payable by the Company in regular installments in accordance with the Company’s general payroll practices in effect from time to time. Executive’s Base Salary will be subject to review and increase
or decrease (but not below the Base Salary in effect on the date of this Agreement) by the Board on or about January 1 of each fiscal year during the Employment Period. In addition, during the Employment Period, Executive shall be entitled to
participate in all of the Benefits. 
 (b) Executive shall be entitled to twenty (20) days of paid vacation each calendar
year, which will accrue in accordance with the Company’s vacation policies in effect from time to time. Any vacation not taken in any year may not be carried forward to any subsequent calendar year and no compensation shall be payable in lieu
thereof. 
 (c) During the Employment Period, the Company shall reimburse Executive for all reasonable business expenses
incurred by him in the course of performing his duties, responsibilities and functions under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business
expenses, subject to the Company’s requirements with respect to reporting and documentation of such expenses. 
 (d) In
addition to the Base Salary, following the end of each fiscal year during the Employment Period, the Board shall award a bonus to Executive in an amount equal to up to 100% of Executive’s Base Salary in effect at the end of such fiscal year,
based upon Executive’s performance and the Company’s achievement of operating targets established by the Board (or any compensation committee thereof) in consultation with Executive at the beginning of such fiscal year. 
 (e) Executive will be indemnified and defended for acts performed (or omissions made) in his capacity as an officer or director of the
Company to the fullest extent 

  

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specified in the Company’s certificate of incorporation and bylaws and as permitted under Delaware law. 
 4. Termination and Payment Terms. 
 (a) The Employment Period shall end on the Expiration Date; provided, that (i) the Employment Period shall terminate prior to such date immediately upon Executive’s resignation, death or Disability
and (ii) the Employment Period may be terminated by resolution of the Board, with or without Cause at any time prior to such date. Except as otherwise provided herein, any termination of the Employment Period by the Company shall be effective
as specified in a written notice from the Company to Executive. 
 (b) If the Employment Period is terminated prior to the
Expiration Date: 
 (i) (A) by resolution of the Board (other than for Cause) or by Executive resigning for Good Reason,
(B) as a result of Executive’s death or Disability, or (C) if the Employment Period expires on the Expiration Date, Executive shall be entitled to receive (1) all previously earned and accrued but unpaid Base Salary and vacation
and unpaid business expenses up to the date of such termination or the Expiration Date, as applicable, (2) any bonus (if any) earned by Executive for the fiscal year prior to the Termination Year or the Expiration Year, as applicable, but then
unpaid, (3) the pro rata portion of Executive’s target bonus during the Termination Year or the Expiration Year, as applicable, to the extent targets thereunder are achieved for such year after such termination or expiration, pro rated
based on the number of days of the Termination Year or the Expiration Year, as applicable, prior to the date of termination or the Expiration Date, as applicable, which payment shall be made when the bonus payments for such Termination Year or the
Expiration Year, as applicable, are otherwise due; (4) severance pay in the full amount of Base Salary at the time of termination or expiration from the date of termination or the Expiration Date, as applicable, through the period ending on the
first anniversary of the date of termination or the Expiration Date, as applicable, payable by the Company in regular installments in accordance with the Company’s general payroll practices in effect from time to time, (5) additional
severance pay equal to the Bonus earned in the year prior to the Termination Year or the Expiration Year, as applicable, payable on the first anniversary of the date of termination or the Expiration Date, as applicable; and (6) full
continuation of Executive’s health, disability and life insurance Benefits during the one year severance period (to the extent any of those Benefits cannot be provided by Company during the one year severance period, the Company will provide
Executive with a sum of money calculated to permit Executive to obtain the same benefits individually, grossed up for tax purposes so that Executive remains whole); or 
 (ii) for any other reason, including as a result of Executive’s voluntary resignation for other than Good Reason or by resolution of
the Board for Cause, Executive’s sole entitlement shall be to receive all previously earned and accrued but unpaid Base Salary, vacation and unpaid business expenses up to the date of such termination or expiration and Executive shall not be
entitled to any further Base Salary, bonus payments or Benefits for that year or any future year, except as required by law, or to any other severance compensation of any kind. 
  

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 (c) Executive agrees that: (i) Executive shall be entitled to the payments and
services provided for in Sections 4(b)(i)(3), 4(b)(i)(4), 4(b)(i)(5) and 4(b)(i)(6), if any, if and only if Executive has executed and delivered the Release attached hereto as Exhibit A (the “Release”) and seven (7) days
have elapsed since such execution without any revocation thereof by Executive and Executive has not breached as of the date of termination of the Employment Period the provisions of Sections 5, 6 and 7 hereof and does not
breach such sections or such covenants or any representation or warranty or covenant in the Release at any time during the period for which such payments or services are to be made; and (ii) the Company’s obligation to make such payments
and services will terminate upon the occurrence of any such breach during such period. 
 (d) Except as stated above, any
payments pursuant to Section 4(b) shall be paid by the Company in regular installments in accordance with the Company’s general payroll practices, and following such payments the Company shall have no further obligation to Executive
pursuant to this Section 4 except as provided by law. All amounts payable to Executive as compensation hereunder shall be subject to all customary withholding, payroll and other taxes. The Company shall be entitled to deduct or withhold
from any amounts payable to Executive any federal, state, local or foreign withholding taxes, excise tax, or employment taxes imposed with respect to Executive’s compensation or other payments or Executive’s ownership interest in the
Company (including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). 
 (e) Executive hereby agrees that except as expressly provided herein, no severance compensation of any kind, nature or amount shall be
payable to Executive and except as expressly provided herein, Executive hereby irrevocably waives any claim for severance compensation. 
 (f) Except as provided in Sections 4(b)(i) and 4(b)(ii) above, all of Executive’s rights to Benefits hereunder (if any) shall cease upon the termination or expiration of the Employment Period.

 5. Confidential Information. 
 (a) Executive acknowledges that the information, observations and data (including trade secrets) that will be obtained by him while employed by the Company concerning the business or affairs of the Company and its
Subsidiaries (“Confidential Information”) are the property of the Company or such Subsidiary. Therefore, Executive agrees that, except as required by law or court order, including, but not limited to, depositions, interrogatories,
court testimony, and the like, he shall not disclose to any unauthorized person or use for his own purposes any Confidential Information without the prior written consent of the Board, unless and to the extent that the Confidential Information
becomes generally known to and available for use by the public other than as a result of Executive’s acts or omissions. Executive shall deliver to the Company at the termination or expiration of the Employment Period, or at any other time the
Company may request, all memoranda, notes, plans, records, reports, computer tapes, printouts and software and other documents and data (and copies thereof) embodying or relating to the Confidential Information, Work Product (as defined below)

  

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or the business of the Company and its Subsidiaries which he may then possess or have under his control. 
 (b) Executive shall be prohibited from using or disclosing any confidential information or trade secrets that Executive may have learned
through any prior employment. If at any time during this employment with the Company or any Subsidiary, Executive believes he is being asked to engage in work that will, or will be likely to, jeopardize any confidentiality or other obligations
Executive may have to former employers, Executive shall immediately advise the Board so that Executive’s duties can be modified appropriately. 
 (c) Executive represents and warrants to the Company that Executive took nothing with him which belonged to any former employer when Executive left his prior position and that Executive has nothing that contains any
information which belongs to any former employer. If at any time Executive discovers this is incorrect, Executive shall promptly return any such materials to Executive’s former employer. The Company does not want any such materials, and
Executive shall not be permitted to use or refer to any such materials in the performance of Executive’s duties hereunder. 
 6.
Intellectual Property, Inventions and Patents. Executive acknowledges that all discoveries, concepts, ideas, inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports, patent applications,
copyrightable work and mask work (whether or not including any confidential information) and all registrations or applications related thereto, all other proprietary information and all similar or related information (whether or not patentable)
which relate to the Company’s or any of its Subsidiaries’ actual or anticipated business, research and development or existing or future products or services and which are conceived, developed or made by Executive (whether above or jointly
with others) while employed by the Company (“Work Product”), belong to the Company or such Subsidiary. Executive shall promptly disclose such Work Product to the Board and, at the Company’s expense, perform all actions
reasonably requested by the Board (whether during or after the Employment Period) to establish and confirm such ownership (including, without limitation, assignments, consents, powers of attorney and other instruments). 
 7. Non-Compete, Non-Solicitation. 
 (a) In further consideration of the compensation to be paid to Executive hereunder, Executive acknowledges that during the course of his employment with the Company he shall become familiar with the Company’s and
its Subsidiaries’ trade secrets and with other Confidential Information concerning the Company and its Subsidiaries (and their respective predecessor companies) and that his services have been and shall be of special, unique and extraordinary
value to the Company and its Subsidiaries, and therefore, Executive agrees that, during the Employment Period and thereafter until the end of the Noncompete Period, he shall not directly or indirectly own any interest in, manage, control,
participate in, consult with, render services for, or in any manner engage in any Competing Business within any geographical area in which the Company or its Subsidiaries engage or plan to engage in such businesses. Nothing herein shall prohibit
Executive from being a passive owner of not more than 2% of the outstanding stock of any class of a corporation which is publicly traded, so long as Executive has no active participation in the business of such corporation. For purposes of this
paragraph, 

  

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“Competing Business” means any business that is substantially the same as, or competitive with, the business of the Company, including,
without limitation, any business involving the distribution or marketing of after market specialty automobile parts. 
 (b)
During the Noncompete Period, Executive shall not directly or indirectly through another person or entity (i) induce or attempt to induce any executive of the Company or any Subsidiary to leave the employ of the Company or such Subsidiary, or
in any way interfere with the relationship between the Company or any Subsidiary and any executive thereof, (ii) hire any person who was an executive of the Company or any Subsidiary at any time within the one year period before Employee’s
termination from employment or (iii) induce or attempt to induce any customer, supplier, licensee, licensor, franchisee or other business relation of the Company or any Subsidiary to cease doing business with the Company or such Subsidiary, or
in any way interfere with the relationship between any such customer, supplier, licensee or business relation and the Company or any Subsidiary. 
 (c) If, at the time of enforcement of this Section 7, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable under circumstances then existing, the parties agree
that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to revise the restrictions contained herein to cover the maximum period,
scope and area permitted by law. Executive acknowledges that the restrictions contained in this Section 7 are reasonable and that he has reviewed the provisions of this Agreement with his legal counsel. 
 (d) In the event of the breach or a threatened breach by Executive of any of the provisions of this Section 7, the Company
would suffer irreparable harm, and in addition and supplementary to other rights and remedies existing in its favor, the Company shall be entitled to specific performance and/or injunctive or other equitable relief from a court of competent
jurisdiction in order to enforce or prevent any violations of the provisions hereof (without posting a bond or other security). 
 8.
Company’s Obligations. Notwithstanding anything in this Agreement to the contrary, the Company shall have the right to satisfy any obligation owing to Executive hereunder (including, without limitation, any payment obligation) by causing
Keystone Automotive Operations, Inc. or any other Subsidiary of the Company to satisfy such obligation on behalf of the Company. In the event the Company fails to, or elects not to, satisfy any obligation owing hereunder to Executive, Executive
shall have the right to seek satisfaction of such right against Keystone Automotive Operations, Inc. or any other Subsidiary of the Company. 
 9. Executive’s Representations. Executive hereby represents and warrants to the Company that (i) the execution, delivery and performance of this Agreement by Executive do not and shall not conflict with, breach, violate or
cause a default under any contract, agreement, instrument, order, judgment or decree to which Executive is a party or by which he is bound, (ii) Executive is not a party to or bound by any employment agreement, noncompete agreement or
confidentiality agreement with any other person or entity and (iii) upon the execution and delivery of this Agreement by the Company, this Agreement shall be the valid and binding obligation of Executive, enforceable in accordance with its
terms. EXECUTIVE HEREBY 

  

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ACKNOWLEDGES AND REPRESENTS THAT HE HAS CONSULTED WITH INDEPENDENT LEGAL COUNSEL REGARDING HIS RIGHTS AND OBLIGATIONS UNDER THIS AGREEMENT AND THE TERMS
OF THE RELEASE ATTACHED HERETO AS EXHIBIT A AND THAT HE FULLY UNDERSTANDS THE TERMS AND CONDITIONS CONTAINED HEREIN AND THEREIN. 
 10. Survival. This Agreement survives and continues in full force in accordance with its terms notwithstanding the expiration or termination of the Employment Period. 
 11. Notices. Any notice provided for in this Agreement shall be in writing and shall be either personally delivered, sent by reputable overnight
courier service or mailed by first class mail, return receipt requested, to the recipient at the address below indicated: 
 Notice to
Executive: 
 Mr. Edward Orzetti 
 136 Glenwood Road 
 Ridgewood, NJ 07450 
 Notice to the Company: 
 Keystone Automotive Holdings, Inc. 
 44 Tunkhannock Avenue 
 Exeter, PA 18643

 Attention: Board of Directors 
 Fax: (570) 655-8203 
 With copies (which shall not constitute notice to the Company): 
 Bain Capital NY, LLC 
 745 Fifth Avenue

 New York, NY 10151 
 Attention:
Stephen Zide 
 Fax: (212) 421-2225 
 Kirkland& Ellis, LLP 
 153 East 53rd Street 
 New York, NY 10022 
 Attention: Eunu Chun 
 Fax: (212) 446-4900 
 or such other address or to the
attention of such other person as the recipient party shall have specified by prior written notice to the sending party. Any notice under this Agreement shall be deemed to have been given when so delivered, one business day after being so sent or
five business days after being so mailed. 
  

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 12. Complete Agreement. This Agreement and the Equity Documents (as defined below) embody the
complete agreement and understanding between the parties hereto and supersede and preempt any prior understandings, agreements (including, without limitation, the letter agreement, dated February 1, 2006, by and between Executive and Keystone
Automotive Operations, Inc.), or representations by or among the parties hereto, written or oral, which may have related to the subject matter hereof in any way. For purposes of this Agreement, “Equity Documents” means,
collectively, upon the granting to Executive of stock options in the Company as contemplated by the letter agreement referenced above, (i) Company’s 2003 Executive Stock Option Plan, (ii) any Option Agreement, executed by and between
the Company and Executive, and if options are so great(iii) the Stockholders Agreement, dated October 30, 2003, by and among the Company and the Company’s stockholders from time to time parties thereto and (iv) the Registration Rights
Agreement, dated October 30, 2003, by and among the Company and the Company’s stockholders from time to time parties thereto, in each case, as such document may be amended, restated or otherwise modified from time to time in accordance
with its terms. 
 13. Counterparts. This Agreement may be executed in separate counterparts, each of which is deemed to be an
original and all of which taken together constitute one and the same agreement. 
 14. Successors and Assigns. This Agreement is
intended to bind and inure to the benefit of and be enforceable by Executive, the Company and their respective heirs, successors and assigns; provided, that the services provided by Executive under this Agreement are of a personal nature and
rights and obligations of Executive under this Agreement shall not be assignable. 
 15. Choice Of Law; Jurisdiction. ALL ISSUES AND
QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS AGREEMENT AND THE EXHIBITS AND SCHEDULES HERETO SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT
TO ANY CHOICE OF LAW OR CONFLICT OF LAW RULES OR PROVISIONS, WHETHER OF THE STATE OF DELAWARE OR OTHERWISE, AND THE PARTIES HERETO HEREBY IRREVOCABLY SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF DELAWARE. 
 16. Amendment and Waiver. The provisions of this Agreement may be amended or waived only with the prior written consent of the Company (as
approved by the Board) and Executive, and no course of conduct or course of dealing or failure or delay by any party hereto in enforcing or exercising any of the provisions of this Agreement (including, without limitation, the Company’s right
to terminate the Employment Period for Cause) shall affect the validity, binding effect or enforceability of this Agreement or be deemed to be an implied waiver of any provision of this Agreement. 
 17. Key Man Life Insurance. The Company may apply for and obtain and maintain a key man life insurance policy in the name of Executive together
with other executives of the Company in an amount deemed sufficient by the Board, the beneficiary of which shall be 

  

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the Company. Executive shall submit to physical examinations and answer reasonable questions in connection with the application and, if obtained, the
maintenance of, as may be required, such insurance policy. 
 18. Executive’s Cooperation. During the Employment Period and
thereafter, Executive shall cooperate with the Company and its Subsidiaries in any internal investigation or administrative, regulatory or judicial proceeding as reasonably requested by the Company (including, without limitation, Executive being
available to the Company upon reasonable notice for interviews and factual investigations, appearing at the Company’s request to give testimony without requiring service of a subpoena or other legal process, volunteering to the Company all
pertinent information and turning over to the Company all relevant documents which are or may come into Executive’s possession, all at times and on schedules that are reasonably consistent with Executive’s other permitted activities and
commitments). In the event the Company requires Executive’s cooperation in accordance with this section after the termination of the Employment Period, the Company shall reimburse Executive for all of his reasonable costs and expenses incurred,
in connection therewith, plus pay Executive a reasonable amount per day for his time spent. 
 * * * * * 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement as of the date first
written above. 
  

			
	KEYSTONE AUTOMOTIVE HOLDINGS, INC.
		
	By:	 	/s/ Bryant P. Bynum
		 	Name: Bryant P. Bynum
		 	Title: Chief Financial Officer

  

	
	
	 /s/ Edward Orzetti

	EDWARD ORZETTI

 EXHIBIT A 
 Form of Release 
 THIS RELEASE (this “Release”) is made as of this
                     day of
                    , 20    , by and between Keystone Automotive Operations, Inc., a Delaware corporation (the
“Company”), and Edward Orzetti (“Executive”). 
 PRELIMINARY RECITALS 
 A. Executive’s employment with the Company has terminated. 
 B. Executive and the Company are parties to an Employment Agreement, dated as of [            ], 2006 (the “Agreement”).

 AGREEMENT 
 In
consideration of the payments due Executive under the Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Executive, intending to be legally bound, does hereby, on behalf of himself and his agents, representatives, attorneys, assigns, heirs, executors and
administrators (collectively, the “Executive Parties”) REMISE, RELEASE AND FOREVER DISCHARGE the Company, its affiliates, subsidiaries, parents, joint ventures, and its and their officers, directors, shareholders, members, managers
and employees, and its and their respective successors and assigns, heirs, executors, and administrators (collectively, the “Company Parties”) from all causes of action, suits, debts, claims and demands whatsoever in law or in
equity, which Executive or any of the Executive Parties ever had, now has, or hereafter may have, by reason of any matter, cause or thing whatsoever, from the beginning of Executive’s initial dealings with the Company to the date of this
Release, and particularly, but without limitation of the foregoing general terms, any claims arising from or relating in any way to Executive’s employment relationship with Company, the terms and conditions of that employment relationship, and
the termination of that employment relationship, including, but not limited to, any claims arising under the Age Discrimination in Employment Act, as amended, 29 U.S.C. § 621 et seq., Title VII of The Civil Rights Act of 1964, as amended, 42
U.S.C. § 2000e et seq., the Civil Rights Act of 1966, 42 U.S.C. §1981, the Civil Rights Act of 1991, Pub. L. No. 102-166, the Americans with Disabilities Act, 42 U.S.C. §12101 et seq., the Age Discrimination in Employment Act, as
amended, 29 U.S.C. §621 et seq., the Fair Labor Standards Act, 29 U.S.C. §201 et seq., the National Labor Relations Act, 29 U.S.C. §151 et seq., and any other claims under any federal, state or local common law, statutory, or
regulatory provision, now or hereafter recognized, but not including such claims to payments and other rights provided Executive under the Agreement. This Release is effective without regard to the legal nature of the claims raised and without
regard to whether any such claims are based upon tort, equity, implied or express contract or discrimination of any sort. Except as specifically provided herein, it is expressly understood and agreed that this Release shall operate as a clear and
unequivocal waiver by Executive of any claim for accrued or unpaid wages, benefits or any other type of payment. 
  

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 2. Executive expressly waives all rights afforded by any statute which limits the effect of a release
with respect to unknown claims. Executive understands the significance of his release of unknown claims and his waiver of statutory protection against a release of unknown claims. 
 3. Executive agrees that he will not be entitled to or accept any benefit from any claim or proceeding within the scope of this Release that is filed or
instigated by him or on his behalf with any agency, court or other government entity. 
 4. Executive further agrees and recognizes that he
has permanently and irrevocably severed his employment relationship with the Company, effective as of the date hereof, that he shall not seek employment with the Company or any affiliated entity at any time in the future, and that the Company has no
obligation to employ him in the future. 
 5. The parties agree and acknowledge that the Agreement, and the settlement and termination of any
asserted or unasserted claims against the Company and the Company Parties pursuant to this Release, are not and shall not be construed to be an admission of any violation of any federal, state or local statute or regulation, or of any duty owed by
the Company or any of the Company Parties to Executive. 
 6. Executive certifies and acknowledges as follows: 
 (a) That he has read the terms of this Release, and that he understands its terms and effects, including the fact that he has agreed to
RELEASE AND FOREVER DISCHARGE the Company and all Company Parties from any legal action or other liability of any type related in any way to the matters released pursuant to this Release other than as provided in the Agreement and in this Release;

 (b) That he has signed this Release voluntarily and knowingly in exchange for the consideration described herein, which he
acknowledges is adequate and satisfactory to him and which he acknowledges is in addition to any other benefits to which he is otherwise entitled; 
 (c) That he has been and is hereby advised in writing to consult with an attorney prior to signing this Release; 
 (d) That he does not waive rights or claims that may arise after the date this Release is executed or those claims arising under the Agreement with respect to payments and other rights due Executive on the date of, or
during the period following, the termination of his Employment; 
 (e) That the Company has provided him with adequate
opportunity, including a period of twenty-one (21) days from the initial receipt of this Agreement and all other time periods required by applicable law, within which to consider this Release (it being understood by Executive that Executive may
execute this Release less than 21 days from its receipt from the Company, but agrees that such execution will represent his knowing waiver of such 21-day consideration period), and he has been advised by the Company to consult with counsel in
respect thereof; 
  

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 (f) That he has seven (7) calendar days after signing this Release within which to
rescind this Release, in writing and delivered to the Company; and 
 (g) That at no time prior to or contemporaneous with his
execution of this Release has he filed or caused or knowingly permitted the filing or maintenance, in any state, federal or foreign court, or before any local, state, federal or foreign administrative agency or other tribunal, any charge, claim or
action of any kind, nature and character whatsoever (“Claim”), known or unknown, suspected or unsuspected, which he may now have or has ever had against the Company Parties which is based in whole or in part on any matter referred
to in Section 1 above; and, subject to the Company’s performance under this Release, to the maximum extent permitted by law, Executive is prohibited from filing or maintaining, or causing or knowingly permitting the filing or maintaining,
of any such Claim in any such forum. Executive hereby grants the Company his perpetual and irrevocable power of attorney with full right, power and authority to take all actions necessary to dismiss or discharge any such Claim. Executive further
covenants and agrees that he will not encourage any person or entity, including but not limited to any current or former employee, officer, director or stockholder of the Company, to institute any Claim against the Company Parties or any of them,
and that except as expressly permitted by law or administrative policy or as required by legally enforceable order he will not aid or assist any such person or entity in prosecuting such Claim. 
 7. The Company (meaning, solely for this purpose, the Company’s directors and executive officers and other individuals authorized to make official
communications on the Company’s behalf) will not disparage Executive or Executive’s performance or otherwise take any action which could reasonably be expected to adversely affect Executive’s personal or professional reputation.
Similarly, Executive will not disparage the Company, any of its Subsidiaries or any of their respective directors and executives, officers and other individuals authorized to make official communications on the Company’s behalf or otherwise
take any action which could reasonably be expected to adversely affect the personal or professional reputation of the Company, its Subsidiaries or any of their respective directors, executive officers or other individuals authorized to make official
communications on the Company’s behalf. 
 8. This Release is mutual, and the Company hereby releases Executive from all claims and to
the same extent as described above in this Release, effective as of the seventh day following the date hereof, if Executive has not rescinded this Release in accordance with Section 6(f) hereof. Executive hereby represents and warrants to the
Company and each of the Company Parties that at no time prior to or contemporaneous with his execution of this Release has he knowingly engaged in any wrongful conduct against, on behalf of or as the representative or agent of the Company or any of
its Subsidiaries (as defined in the Agreement). 
 9. Miscellaneous 
 (a) This Release and the Agreement, and any other documents expressly referenced therein, constitute the complete and entire agreement and
understanding of Executive and the Company with respect to the subject matter hereof, and supersedes in its entirety any and all prior understandings, commitments, obligations and/or agreements, whether written or oral, with respect thereto; it
being understood and agreed that this Release 

  

 3 

 
and including the mutual covenants, agreements, acknowledgments and affirmations contained herein, is intended to constitute a complete settlement and
resolution of all matters set forth in Section 1 hereof. 
 (b) The Company Parties are intended third-party
beneficiaries of this Release, and this Release may be enforced by each of them in accordance with the terms hereof in respect of the rights granted to such Company Parties hereunder. Except and to the extent set forth in the preceding two
sentences, this Release is not intended for the benefit of any Person other than the parties hereto, and no such other person or entity shall be deemed to be a third party beneficiary hereof. Without limiting the generality of the foregoing, it is
not the intention of the Company to establish any policy, procedure, course of dealing or plan of general application for the benefit of or otherwise in respect of any other employee, officer, director or stockholder, irrespective of any similarity
between any contract, agreement, commitment or understanding between the Company and such other employee, officer, director or stockholder, on the one hand, and any contract, agreement, commitment or understanding between the Company and Executive,
on the other hand, and irrespective of any similarity in facts or circumstances involving such other employee, officer, director or stockholder, on the one hand, and Executive, on the other hand. 
 (c) The invalidity or unenforceability of any provision of this Release shall not affect the validity or enforceability of any other
provision of this Release, which shall otherwise remain in full force and effect. 
 (d) This Release may be executed in
separate counterparts, each of which shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 (e) The obligations of each of the Company and Executive hereunder shall be binding upon their respective successors and assigns. The rights of each of the Company and Executive and the rights of the Company Parties
shall inure to the benefit of, and be enforceable by, any of the Company’s, Executive’s and the Company Parties’ respective successors and assigns. The Company may assign all rights and obligations of this Release to any successor in
interest to the assets of the Company. 
 (f) No amendment to or waiver of this Release or any of its terms shall be binding
upon any party hereto unless consented to in writing by such party. 
 (g) ALL ISSUES AND QUESTIONS CONCERNING THE
CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS RELEASE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICT OF LAW RULES OR PROVISIONS
(WHETHER OF THE STATE OF DELAWARE OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION HERETO OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE. 
 * * * * * 
  

 4 

 Intending to be legally bound hereby, Executive and the Company have executed this Release as of the date
first written above. 
  

			
	 KEYSTONE AUTOMOTIVE HOLDINGS, INC.

		
	 By:
	 	  
		 	 Name:

		 	 Title:

 READ CAREFULLY BEFORE SIGNING 
 I have read this Release and have been given adequate opportunity, including 21 days from my initial receipt of this Release, to review this Release and to consult legal
counsel prior to my signing of this Release. I understand that by executing this Release I will relinquish certain rights or demands I may have against the Company Parties or any of them. 
  

	
	
	   
	[Executive]

  

	
	 Witness:

	
	   

  

 5Amendment No. 2 to the Credit Agreement

 Exhibit 10.23 
 AMENDMENT NO. 2 TO CREDIT AGREEMENT 
 AND 
 AMENDMENT NO. 1 TO GUARANTEE AND SECURITY AGREEMENT 
 AMENDMENT NO. 2 TO CREDIT AGREEMENT AND AMENDMENT NO. 1 TO SECURITY AGREEMENT (this “Amendment”) dated as of December 23, 2005 to (i) the Credit Agreement dated as of October 30, 2003
(as amended by Amendment No. 1 to Credit Agreement dated as of March 14, 2005, the “Credit Agreement”) among KEYSTONE AUTOMOTIVE HOLDINGS, INC. (“Holdings”), KEYSTONE AUTOMOTIVE OPERATIONS, INC. (the
“Borrower”), the LENDERS party thereto (the “Lenders”), and BANK OF AMERICA, N.A., as Administrative Agent (the “Administrative Agent”), Swing Line Lender and L/C Issuer and (ii) the Guarantee
and Security Agreement dated as of October 30, 2003 (the “Security Agreement”) among the Borrower, Holdings, the other guarantors party thereto and the Administrative Agent. 
 W I T N E S S E T H : 
 WHEREAS, the
Borrower has advised the Lenders that the Borrower desires to make the Reliable Acquisition (as defined below) and that in connection with the Reliable Acquisition, the Reliable Companies (as defined below) will become wholly-owned Subsidiaries of
the Borrower. 
 WHEREAS, in order to consummate the Reliable Acquisition, the Borrower desires to amend the Credit Agreement and the
Security Agreement in the manner described herein, including by (i) adding a new tranche of term loans under the Credit Agreement in an aggregate principal amount of $90,000,000 to finance the Reliable Acquisition and for the other purposes
described herein, (ii) adding the Reliable Companies as “Guarantors” under the Credit Agreement and (iii) amending the financial covenants in the Credit Agreement. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration, the sufficiency
and receipt of which is hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Defined Terms; References.
Unless otherwise specifically defined herein, each term used herein that is defined in the Credit Agreement or the Security Agreement has the meaning assigned to such term in the Credit Agreement or the Security Agreement, as applicable. Each
reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Agreement” and each other similar reference contained in the Credit Agreement
and the Security Agreement shall, on and after the Second Amendment Effective Date, refer to the Credit Agreement as amended hereby or the Security Agreement as amended hereby, as applicable. 

 SECTION 2. Amendments to Defined Terms in Credit Agreement.  
 (a) New Defined Terms. Section 1.01 of the Credit Agreement is amended by adding the following definitions in appropriate alphabetical order:

 “Aggregate Term C Commitments” means the Term C Commitments of all Term C Lenders, which as of the Second
Amendment Effective Date shall equal $90,000,000. 
 “Aggregate Term C Exposures” means, at any time, the sum
of the Term C Exposures at such time. 
 “Base Rate Term B Loan” means a Term B Loan that bears interest at a
rate based on the Base Rate. 
 “Base Rate Term C Loan” means a Term C Loan that bears interest at a rate
based on the Base Rate. 
 “Eurodollar Rate Term B Loan” means a Term B Loan that bears interest at a rate
based on the Eurodollar Rate. 
 “Eurodollar Rate Term C Loan” means a Term C Loan that bears interest at a
rate based on the Eurodollar Rate. 
 “Lead Arranger” means Banc of America Securities LLC, in its capacity
as Lead Arranger of the Second Amendment. 
 “Pro Forma Financial Statements” means the pro forma
consolidated combined financial statements of the Borrower and its subsidiaries for the three fiscal quarters ending September 30, 2005, giving pro forma effect to the Reliable Acquisition, the acquisition of Blacksmith Distributing, Inc., an
Indiana corporation, by the Borrower and the borrowing of the Term C Loans and the other transactions contemplated hereby as if they had occurred on January 1, 2005. 
 “Reliable” means Reliable Investments, Inc., an Illinois corporation. 
 “Reliable Acquisition” means the acquisition of all of the issued and outstanding stock of Reliable by the Borrower for
an aggregate purchase price of $63,000,000 (without giving effect to any working capital or other adjustments provided in the Reliable Acquisition Agreement), on the terms and conditions set forth in the Reliable Acquisition Agreement and, after
giving effect to the Second Amendment, in compliance with the terms of the definition of “Permitted Acquisition”. For all purposes herein (including determinations of the Consolidated Interest Coverage Ratio, the Consolidated Fixed Charge
Coverage Ratio and Consolidated Adjusted EBITDA in accordance with Section 7.15(b)) 

  

 2 

 
except the definition of “Excess Cash Flow”, the Reliable Acquisition shall be deemed to be a Permitted Acquisition. 
 “Reliable Acquisition Agreement” means the Stock Purchase Agreement dated as of November 11, 2005 among the
Borrower, the sellers party thereto and Reliable, together with all schedules and exhibits thereto, as amended by the Reliable Acquisition Agreement Amendment, without giving effect to any further amendment thereof or waiver thereunder that is
materially adverse to the interests of the Lenders unless consented to by the Lead Arranger. 
 “Reliable Acquisition
Agreement Amendment” means the Amendment to Stock Purchase Agreement dated as of December 13, 2005, together with all schedules and exhibits thereto, without giving effect to any amendment thereof or waiver thereunder that is
materially adverse to the interests of the Lenders unless consented to by the Lead Arranger. 
 “Reliable Acquisition
Documents” means the Reliable Acquisition Agreement and all material agreements, instruments and documents relating to the Reliable Acquisition. 
 “Reliable Companies” means Reliable, Autovillage.com, Inc., a Minnesota corporation, Relco Corp., an Iowa corporation, Add-On Distributing, Inc., a Delaware corporation, Inter-Global Automotive Corp.,
a Texas corporation, Combined Enterprises, Inc., a Kansas corporation, and AWMi Corp., a Texas corporation. 
 “Reliable Financial Statements” means the audited consolidated balance sheet of Reliable and its Subsidiaries for the fiscal year ended September 30, 2005, and the related consolidated statements of income or
operations, shareholders’ equity and cash flows for such fiscal year of Reliable and its Subsidiaries, including the notes thereto. 
 “Reliable Seller Note” means one or more promissory notes of Holdings owed to the sellers of Reliable in the form of Exhibit A to the Reliable Acquisition Agreement Amendment. 
 “Required Term C Lenders” means, as of any date of determination, Term C Lenders having more than 50% of the Aggregate
Term C Exposures; provided that Term C Exposures held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term C Lenders. 
 “Second Amendment” means Amendment No. 2 to this Agreement, dated as of December 23, 2005, among Holdings, the
Borrower, the Administrative Agent, the Swing Line Lender, the L/C Issuer and the Lenders party thereto. 
  

 3 

 “Second Amendment Effective Date” has the meaning specified in
Section 9 of the Second Amendment. 
 “Term B Loan Maturity Date” means October 30, 2009.

 “Term C Commitment” means, as to each Term C Lender, its obligation to make a Term C Loan to the Borrower
pursuant to Section 2.01(c) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Term C Commitment”, or in the Assignment and Assumption pursuant to which such
Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. 
 “Term C Exposures” means, at any time, (i) the Aggregate Term C Commitments at such time if then in effect and (ii) otherwise, the Aggregate Term C Loans at such time. 
 “Term C Lender” means any Lender with a Term C Commitment or an outstanding Term C Loan. 
 “Term C Loan” means a Loan made pursuant to Section 2.01(c). 
 “Term C Loan Maturity Date” means October 30, 2010. 
 (b) Amended and Restated Defined Terms. Section 1.01 of the Credit Agreement is amended by amending and restating the following definitions
to read in their entirety as follows: 
 “Aggregate Commitments” means, at any time, the aggregate amount of
all Commitments outstanding under this Agreement. 
 “Aggregate Credit Exposures” means, at any time, the sum
of the Aggregate Revolving Exposures at such time, the Aggregate Term B Exposures at such time and the Aggregate Term C Exposures at such time. 
  

 4 

 “Applicable Rate” means (1) with respect to the Commitment Fee and
any Revolving Loans, the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(b): 
  

												
	 Pricing Level
	  	 Consolidated
Leverage Ratio
	  	Commitment
Fee	 	 	Eurodollar
Revolving
Loans	 	 	Base Rate
Revolving
Loans	 
	 1
	  	3 4.75	  	0.75	%	 	3.25	%	 	2.25	%
	 2
	  	3 4.25 and < 4.75	  	0.75	%	 	3.00	%	 	2.00	%
	 3
	  	3 3.75 and < 4.25	  	0.50	%	 	2.75	%	 	1.75	%
	 4
	  	< 3.75	  	0.50	%	 	2.50	%	 	1.50	%

 (2) with respect to any Eurodollar Rate Term B Loans, a rate per annum of 2.50%,
(3) with respect to any Base Rate Term B Loans, a rate per annum of 1.50%, (4) with respect to any Eurodollar Rate Term C Loans, a rate per annum of 2.50% and (5) with respect to any Base Rate Term C Loans, a rate per annum of 1.50%.

 Each change in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall be effective as of the
first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(b); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then
Pricing Level 1 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered until (but excluding) the date such Compliance Certificate is delivered. 
 “Class” (a) when used with respect to Lenders, refers to whether such Lenders are Revolving Lenders, Term B Lenders
or Term C Lenders, (b) when used with respect to Commitments, refers to whether such Commitments are Revolving Commitments, Term C Commitments or Incremental Term Commitments (if any) and (c) when used with respect to Loans or a Borrowing,
refers to whether such Loans, or the Loans comprising such Borrowing, are Revolving Loans, Term B Loans or Term C Loans. 
 “Commitment” means, at any time, the obligation of a Lender to make Revolving Loans and/or Term Loans hereunder, or any combination thereof, as the context may require. 
 “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of each Interest Period
applicable to such Loan and the Revolving Maturity Date, Term B Loan Maturity Date or Term C Loan Maturity Date, as the case may be; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months, the
respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan (including a Swing Line Loan), the last Business Day of each March, June, September
and December and the Revolving Maturity Date, Term B Loan Maturity Date or Term C Loan Maturity Date, as the case may be. 
  

 5 

 “Interest Period” means, as to each Eurodollar Rate Loan, the period
commencing on the date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its Committed Loan Notice;
provided that: 
 (a) any Interest Period that would otherwise end on a day that is not a Business Day shall be
extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 
 (b) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 
 (c) (i) no Interest Period as to any Revolving Loan shall extend beyond the Revolving Maturity Date, (ii) no Interest Period as
to any Term B Loan shall extend beyond the Term B Loan Maturity Date and (iii) no Interest Period as to any Term C Loan shall extend beyond the Term C Loan Maturity Date. 
 “Loan Documents” means this Agreement, the First Amendment, the Second Amendment, each document delivered pursuant to the
Second Amendment, each Note, the Fee Letter and the amended and restated fee letter dated December 13, 2005 executed by the Borrower in connection with the Term C Loans and the Security Documents. 
 “Pro Rata Share” means (a) with respect to each Revolving Lender at any time, a fraction (expressed as a percentage,
carried out to the ninth decimal place), the numerator of which is the amount of the Revolving Exposure of such Revolving Lender at such time and the denominator of which is the amount of the Aggregate Revolving Exposures at such time, (b) with
respect to each Term B Lender at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Term B Exposure of such Term B Lender at such time and the denominator of which is
the amount of the Aggregate Term B Exposures at such time and (c) with respect to each Term C Lender at any time, a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the amount of the Term C
Exposure of such Term C Lender at such time and the denominator of which is the amount of the Aggregate Term C Exposures at such time. The initial Pro Rata Shares of each Revolving Lender, Term B Lender and Term C Lender are set forth opposite the
name of such Lender on Schedule 2.01 or in the Assignment and 

  

 6 

 
Assumption pursuant to which such Lender becomes a party hereto, as applicable. 
 “Required Lenders” means, as of any date of determination, Lenders having more than 50% of the Aggregate Credit Exposures
(with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this definition); provided that Term B Exposure,
Term C Exposure or Revolving Exposure held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 
 “Restricted Payment” means (i) any dividend or other distribution (whether in cash, securities or other property)
with respect to any Equity Interest in Holdings, the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement,
acquisition, cancellation or termination of any such Equity Interest, (ii) any voluntary or optional payment of principal in respect of Indebtedness, (iii) any mandatory payment of principal, or offer of payment, in respect of Indebtedness
subordinated in right of payment to the Obligations or (iv) any payment in respect of the Reliable Seller Note. 
 “Term B Exposure” means, at any time, the Aggregate Term B Loans at such time. 
 “Term B
Lender” means any Lender with a Term B Loan. 
 “Term B Loan” has the meaning specified in
Section 2.01(b). 
 “Term Lender” means any Term B Lender or Term C Lender, in such capacity.

 “Term Loan” means a Term B Loan or a Term C Loan. 
 (c) Deleted Defined Terms. Section 1.01 of the Credit Agreement is amended by deleting the following defined terms in their entirety:

 “Additional Term B Commitment” 
 “Additional Term B Lender” 
 “Additional Term B Loan” 
 “Aggregate Term B Commitment” 
 “Aggregate Term Commitment” 
 “Aggregate Term Exposures” 
 “Aggregate Term Loans” 
 “Base Rate Term Loan” 
 “Eurodollar Rate Term Loan” 
  

 7 

 “Required Term Lenders” 
 “Term B Commitment” 
 “Term Exposures” 
 “Term Loan Maturity Date” 
 (d) Certain Conforming Changes. Set forth on Annex A to this Amendment are certain changes to the Credit Agreement to conform references therein
to reflect the foregoing provisions of this Section 2. 
 SECTION 3. Schedules to Credit Agreement. 
 (a) Schedule 2.01 to the Credit Agreement is amended by adding the Term C Commitments and Pro Rata Shares of the Term C Lenders set forth in Schedule
2.01 to this Amendment. 
 (b) Schedule 5.08 to the Credit Agreement is replaced by Schedule 5.08 to this Amendment. 
 (c) Schedule 7.01 to the Credit Agreement is replaced by Schedule 7.01 to this Amendment. 
 (d) Schedule 7.03 to the Credit Agreement is replaced by Schedule 7.03 to this Amendment. 
 SECTION 4 . Amendments to Article 2 of Credit Agreement. 
 (a) Section 2.01 of the Credit Agreement is hereby amended by deleting clauses (b) and (c) thereof, and replacing them with the following new clauses (b), (c) and (d), to read in their entirety as
follows: 
 “(b) Term B Loans. On the Closing Date, the Borrower borrowed term loans (then called “Term
Loans” hereunder) in an aggregate principal amount of $115,000,000. On the Term B Facility Effective Date, all such outstanding “Term Loans” were exchanged for an equal aggregate principal amount of a new class of term loans
(“Term B Loans”). Amounts repaid in respect of Term B Loans may not be reborrowed. Term B Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. 
 (c) Term C Loans. Subject to the terms and conditions hereof, each Term C Lender severally agrees to make a term loan in Dollars to
the Borrower on the Second Amendment Effective Date in a principal amount not to exceed such Term C Lender’s Term C Commitment. Amounts repaid in respect of Term C Loans may not be reborrowed. Term C Loans may be Base Rate Loans or Eurodollar
Rate Loans, as further provided herein. 
  

 8 

 (d) Incremental Term Loan Facility. (i) In addition to Borrowings of Term B
Loans pursuant to Section 2.01(b), at any time and from time to time so long as, before and after giving effect to any Loans under this Section 2.01(d), no Default shall have occurred and be continuing, the Borrower may, by notice to the
Administrative Agent, request that one or more Persons (which may include any Lender) offer, in their sole discretion, to enter into commitments (“Incremental Term Commitments”) to make additional Term B Loans, which shall be used
only to fund Permitted Acquisitions permitted under Section 7.02(f), in an aggregate principal amount not to exceed $20,000,000 (“Incremental Term Loans”); it being understood that the consent of the Administrative Agent to
such Person becoming a Lender hereunder shall be required to the extent such consent would be required by Section 10.07(b) if such Person was an assignee of Term B Loans. 
 (ii) If any such Persons agree with the Borrower to provide such Incremental Term Commitments, the Borrower, such Persons (the
“Incremental Term Lenders”) and the Administrative Agent shall execute and deliver an appropriate amendment (the “Incremental Term Loan Amendment”), and thereafter the Incremental Term Lenders shall be obligated,
subject to the terms and conditions set forth herein, to make Incremental Term Loans to the Borrower under this Agreement in amounts equal to their respective Incremental Term Commitments as specified in the Incremental Term Loan Amendment.

 (iii) From and after the execution of the Incremental Term Loan Amendment, (A) for purposes of this Agreement, any
Incremental Term Commitments shall be commitments to make additional Term B Loans hereunder, any Incremental Term Lenders shall be “Term B Lenders” hereunder and any Incremental Term Loans shall be “Term B Loans” hereunder, in
each case subject to the terms of this Agreement, and (B) the amount of each scheduled prepayment of the Term B Loans to be made pursuant to Section 2.08(b)(i) after the date such Incremental Term Loans are made (the “Applicable
Incremental Term Loans”) shall be increased by an amount equal to the Applicable Percentage of the aggregate principal amount of the Applicable Incremental Term Loans. “Applicable Percentage” means, with respect to each
scheduled prepayment of Term B Loans to be made pursuant to Section 2.08(b)(i), the aggregate principal amount of the Term B Loans to be repaid on such prepayment date (without giving effect to any reduction thereof pursuant to
Section 2.08(c)) divided by the aggregate principal amount of the Term B Loans then outstanding, expressed as a percentage and calculated prior to giving effect to the making of the Applicable Incremental Term Loans. 
  

 9 

 (b) Section 2.02 of the Credit Agreement is hereby amended by adding the following new clause
(g) immediately after clause (f) thereof: 
 “(g) Notwithstanding anything to the contrary in this
Section 2.02, the Borrower may not select (i) the Eurodollar Rate for the Term C Loans made on the Second Amendment Effective Date or (ii) at any time prior to the date which is 90 days from the Second Amendment Effective Date (or
such earlier date as shall be specified by the Administrative Agent in its sole discretion in a written notice to the Borrower and the Lenders), Interest Periods for Eurodollar Rate Term C Loans that have a duration of more than one month.”

 (c) Section 2.06(f) of the Credit Agreement is amended by adding the following new sentence at the end thereof: 
 “The Borrower shall provide written notice to the Administrative Agent of any such prepayment under this clause (f) not later than 11:00 a.m.
three Business Days prior to the date of such prepayment.” 
 (d) Section 2.06(g) of the Credit Agreement is amended and restated
to read in its entirety as follows: 
 “(g) Except as set forth in the last sentence of Section 2.06(d), amounts
prepaid pursuant to Section 2.06(d), (e) and (f) shall be applied, first, to prepay principal and accrued interest on any outstanding Term B Loans and Term C Loans on a pro rata basis, until the Term B Loans and Term C Loans
have been prepaid in their entirety; and second, to reduce the Revolving Commitments, until the Revolving Commitments have been terminated.” 
 (e) Section 2.07(a) of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 
 “(a) Unless previously terminated, (i) the Term C Commitments will terminate on the earlier of (A) the Second Amendment Effective Date immediately after the closing hereunder and
(B) January 31, 2006 if the Second Amendment Effective Date has not occurred on or before such date, and (ii) the Revolving Commitments will terminate on the Revolving Maturity Date.” 
 (f) Section 2.08(b) of the Credit Agreement is hereby amended by adding a new clause (ii) immediately following clause (i) thereof, to
read in its entirety as follows: 
 “(ii) The Borrower shall repay to the Term C Lenders on the Term C Loan Maturity Date
the aggregate principal amount of Term C Loans outstanding on such date. Subject to adjustment pursuant to Section 

  

 10 

 
2.06(a) and 2.08(c), on the last Business Day of each fiscal quarter of the Borrower, the Borrower shall repay Term C Loans in an aggregate amount equal to
the amount set forth below opposite the last day of such fiscal quarter: 
  

				
	 Fiscal Quarter Ending
	  	Amount of
Repayment
	 April 1, 2006
	  	$	225,000
	 July 1, 2006
	  	$	225,000
	 September 30, 2006
	  	$	225,000
	 December 30, 2006
	  	$	225,000
	 March 31, 2007
	  	$	225,000
	 June 30, 2007
	  	$	225,000
	 September 29, 2007
	  	$	225,000
	 December 29, 2007
	  	$	225,000
	 March 29, 2008
	  	$	225,000
	 June 28, 2008
	  	$	225,000
	 September 27, 2008
	  	$	225,000
	 January 3, 2009
	  	$	225,000
	 April 4, 2009
	  	$	225,000
	 July 4, 2009
	  	$	225,000
	 October 3, 2009
	  	$	225,000
	 January 2, 2010
	  	$	225,000
	 April 3, 2010
	  	$	225,000
	 July 3, 2010
	  	$	225,000
	 October 2, 2010
	  	$	225,000
	 Term C Loan Maturity Date
	  	$	85,725,000

 (g) Section 2.08(c) of the Credit Agreement is hereby amended and restated to read in its
entirety as follows: 
 “(c) Any prepayment of Term B Loans or Term C Loans pursuant to Section 2.06(a), (d),
(e) or (f) shall be applied to the remaining installments of the Term B Loans or Term C Loans, as applicable, on a pro rata basis unless the Borrower elects that such prepayment be applied first to the next two quarterly installments of
Loans of such Class due within the next six months following the date of such prepayment in forward order of maturity in which case such prepayment will be applied as so elected.” 
 SECTION 5. Amendments to Credit Agreement Covenants. 
 (a) Intralinks; “Public” and “Private” Information. Section 6.02 of the Credit Agreement is amended by adding the following paragraph to the end of such Section: 
 “Holdings and the Borrower hereby acknowledge that (a) the Administrative Agent and/or the Lead Arranger will make available to
the Lenders and the L/C Issuer materials and/or information provided by or on behalf of Holdings and the Borrower hereunder (collectively, “Borrower 

  

 11 

 
Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the “Platform”) and
(b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to Holdings, the Borrower or their securities) (each, a “Public Lender”).
Holdings and the Borrower hereby agree that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC”
shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” Holdings and the Borrower shall be deemed to have authorized the Administrative Agent, the Lead Arranger, the L/C Issuer and the Lenders
to treat such Borrower Materials as not containing any material non-public information with respect to Holdings, the Borrower or their securities for purposes of United States Federal and state securities laws (provided, however, that to the extent
such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.08); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated
“Public Investor”; and (z) the Administrative Agent and the Lead Arranger shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not
designated “Public Investor”, it being understood that Holdings and the Borrower shall have no obligation to mark any Borrower Materials as “PUBLIC” (even if such Borrower Materials do not contain any material non-public
information) and, in the absence of any such marking, such Borrower Materials shall not be deemed to be “PUBLIC”.” 
 (b)
Use of Proceeds. Section 6.11 of the Credit Agreement is amended by adding the following sentence at the end thereof: 
 “Proceeds from the Term C Loans shall be used (i) to finance the Reliable Acquisition (including the payment of certain one-time expenses, capital expenditures or other payments made in connection with the Reliable Acquisition),
(ii) to pay fees and expenses incurred in connection with the Reliable Acquisition and the Second Amendment, (iii) to repay all or a portion of the outstanding Revolving Loans (without a corresponding reduction in the Aggregate Revolving
Commitments) and (iv) for general corporate purposes of the Borrower and its Subsidiaries, in each case not in contravention of any Law or any Loan Document.” 
 (c) Liens. Section 7.01(b) of the Credit Agreement is amended and restated to read in its entirety as follows: 
 “(b) Liens existing on the Closing Date and listed on Schedule 7.01, and Liens existing on the Second Amendment Effective Date and listed on Schedule 7.01, solely in respect of capital leases assumed as part of
the Reliable Acquisition (in each case including Liens securing 

  

 12 

 
Indebtedness permitted under Section 7.03(d)) and any renewals or extensions thereof, provided that the property covered thereby is not increased
and any renewal or extension of the obligations secured or benefited thereby is permitted by Section 7.03(d);” 
 (d)
Investments. Section 7.02(f) of the Credit Agreement is amended by adding the following new sentence to the end of such Section: “In addition to the foregoing, the Borrower may consummate the Reliable Acquisition.” 

(e) Reliable Indebtedness. Section 7.03(d) of the Credit Agreement is amended and restated to read in its entirety as follows: 

“(d) Indebtedness outstanding on the Closing Date and listed on Schedule 7.03, and Indebtedness outstanding on the Second
Amendment Effective Date and listed on Schedule 7.03 solely in respect of capital lease obligations assumed as part of the Reliable Acquisition, and in each case, any refinancings, refundings, renewals or extensions thereof; provided that
(i) the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred,
in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder and (ii) any Indebtedness that is subordinated to the Obligations shall not be refinanced except on subordination terms at least as
favorable to the Lenders and no more restrictive on the Borrower than the subordinated Indebtedness that is being refinanced;” 
 (f)
Reliable Seller Note. Section 7.03(h) of the Credit Agreement is amended by adding the following new clause (w) immediately before clause (x) thereof: 
 “(w) unsecured junior subordinated Indebtedness of Holdings under the Reliable Seller Note in an aggregate initial principal amount
not to exceed $12,600,000, plus any interest paid “in-kind” pursuant to the terms thereof;” 
 (g) Restricted Payments.
Section 7.06 of the Credit Agreement is amended by deleting the “and” after clause (g) thereof, replacing the period at the end of clause (h) thereof with a semicolon, and adding the following new clauses (i) and
(j) at the end thereof: 
 “(i) on or after the end of the first fiscal quarter of the Borrower ending after the
third anniversary of the issuance of the Seller Note, Holdings may, and the Borrower may declare or pay cash dividends to Holdings to, pay up to 50% of the then outstanding aggregate principal amount of the Reliable Seller Note, together with
accrued and unpaid interest on the amount so repaid, as provided in Section 3(a) of the 

  

 13 

 
Reliable Seller Note; provided that the Consolidated Leverage Ratio (determined for the four fiscal quarters most recently ended) is less than 3.00 to
1.00 both immediately before and immediately after giving pro forma effect to such payment; 
 (j) upon the consummation of an
Initial Public Offering, Holdings may pay, out of (and up to an amount equal to) the Holdings Share of IPO Proceeds (as defined below), up to the then outstanding aggregate principal amount of the Reliable Seller Note, together with accrued and
unpaid interest on the amount so repaid, as provided in Section 3(c) of the Reliable Seller Note; provided that the Consolidated Leverage Ratio (determined for the four fiscal quarters most recently ended) is less than 3.00 to 1.00 both
immediately before and immediately after giving pro forma effect to such payment. As used in this clause (j), “Holdings Share of IPO Proceeds” means the portion of Net Cash Proceeds from an Initial Public Offering that are not
required to be applied to prepay Term Loans and/or reduce the Aggregate Revolving Commitments pursuant to Section 2.06(e); 
 (k) Holdings, the Borrower and each Subsidiary may make voluntary or optional prepayments of Indebtedness under the Loan Documents; 
 (l) Holdings, the Borrower and each Subsidiary may make voluntary or optional prepayments in connection with a refinancing or replacement of Indebtedness of such Person otherwise permitted hereunder; and 

(m) so long as no Default or Event of Default exists or would result therefrom, the Borrower and each Subsidiary may make mandatory
payments of principal, or offers of payment, in respect of Indebtedness of such Person that is subordinated in right of payment to the Obligations.” 
 (h) Amendment of Material Documents. Section 7.11 of the Credit Agreement is amended by adding “(a)” at the beginning of such Section, and adding the following new clause (b) thereto:

 “(b) Amend or otherwise modify the subordination provisions of the Reliable Seller Note, shorten the maturity date thereof or other
date for payment thereunder or amend any provision thereof that would have the effect of shortening any such date (including the definitions of “Acceleration Event”, “Consolidated Leverage Ratio” therein or the other terms upon
which mandatory payments are required) or provide for the cash payment of interest thereunder, or otherwise amend or modify the Reliable Seller Note in a manner that is materially adverse to the Lenders (as determined by the Lead Arranger in its
sole discretion).” 
  

 14 

 (i) Financial Covenants. Section 7.13 is amended and restated in its entirety to read as
follows: 
 “Section 7.13. Financial Covenants. 
 (a) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than the ratio set forth below opposite such fiscal
quarter: 
  

			
	 Fiscal Quarter Ending
	  	 Minimum
Consolidated Interest
Coverage
Ratio

	 October 1, 2005
	  	1.85 to 1.00
	 December 31, 2005
	  	1.95 to 1.00
	 April 1, 2006
	  	2.00 to 1.00
	 July 1, 2006
	  	2.00 to 1.00
	 September 30, 2006
	  	2.00 to 1.00
	 December 30, 2006
	  	2.00 to 1.00
	 March 31, 2007
	  	2.25 to 1.00
	 June 30, 2007
	  	2.25 to 1.00
	 September 29, 2007
	  	2.25 to 1.00
	 December 29, 2007
	  	2.25 to 1.00
	 March 29, 2008
	  	2.50 to 1.00
	 June 28, 2008
	  	2.50 to 1.00
	 September 27, 2008
	  	2.50 to 1.00
	 January 3, 2009
	  	2.50 to 1.00
	 April 4, 2009
	  	3.00 to 1.00
	 July 4, 2009
	  	3.00 to 1.00
	 October 3, 2009
	  	3.00 to 1.00
	 January 2, 2010
	  	3.00 to 1.00
	 April 3, 2010
	  	3.00 to 1.00
	 July 3, 2010
	  	3.00 to 1.00
	 October 2, 2010
	  	3.00 to 1.00

 (b) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio at any time during
any fiscal quarter of the Borrower set forth below to be greater than the ratio set forth below opposite such fiscal quarter: 
  

			
	 Fiscal Quarter Ending
	  	 Maximum
Consolidated Leverage Ratio

	 October 1, 2005
	  	5.50 to 1.00
	 December 31, 2005
	  	5.50 to 1.00
	 April 1, 2006
	  	5.50 to 1.00
	 July 1, 2006
	  	5.50 to 1.00
	 September 30, 2006
	  	5.50 to 1.00
	 December 30, 2006
	  	5.50 to 1.00
	 March 31, 2007
	  	5.00 to 1.00
	 June 30, 2007
	  	5.00 to 1.00
	 September 29, 2007
	  	5.00 to 1.00
	 December 29, 2007
	  	5.00 to 1.00
	 March 29, 2008
	  	4.50 to 1.00
	 June 28, 2008
	  	4.50 to 1.00
	 September 27, 2008
	  	4.50 to 1.00
	 January 3, 2009
	  	4.50 to 1.00
	 April 4, 2009
	  	4.00 to 1.00
	 July 4, 2009
	  	4.00 to 1.00
	 October 3, 2009
	  	4.00 to 1.00
	 January 2, 2010
	  	4.00 to 1.00
	 April 3, 2010
	  	3.75 to 1.00
	 July 3, 2010
	  	3.75 to 1.00
	 October 2, 2010
	  	3.75 to 1.00

  

 15 

 (c) Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio
as of the end of any fiscal quarter of Holdings to be less than 1.20 to 1.00. 
 SECTION 6. Amendment to Credit Agreement Amendments
Section. Section 10.01(h) of the Credit Agreement is hereby amended by adding a new clause (C) at the end thereof to read in its entirety as follows: 
 “or (C) impose any greater restriction on the ability of any Term C Lender to assign any of its rights or obligations hereunder without the written consent of Required Term C Lenders;” 
 SECTION 7. Amendment to Security Agreement. Section 10(a) of the Security Agreement is amended and restated to read in its entirety as
follows: 
 “(a) Within 60 days after the Closing Date (or, with respect to cash owned or held by the Reliable Companies,
within six months after the Second Amendment Effective Date), subject to Section 10(d), all cash owned or held by such Lien Grantor will be deposited, upon or promptly after the receipt thereof, in one or more Controlled Deposit Accounts. Each
Controlled Deposit Account will be operated as provided in Section 12.” 
 SECTION 8. Representations and Warranties. Each
of Holdings and the Borrower represents and warrants to the Administrative Agent and the Lenders, as of the date hereof and as of the Second Amendment Effective Date: 
 (a) Authorization; No Contravention. The execution, delivery and performance by each Loan Party party hereto has been duly authorized by all necessary corporate or other organizational action, and do not and
will not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, (i) any Contractual Obligation to which such
Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is
subject; or (c) violate any Law, except to the extent any contraventions, conflicts and violations described in clauses (b) or (c) (but excluding from this exception any such contraventions, 

  

 16 

 
conflicts or violations under any instrument or agreement relating to any public Indebtedness) individually or in the aggregate, could not reasonably be
expected to have a Material Adverse Effect. 
 (b) Binding Effect. This Amendment has been, and each other Loan Document, when
delivered hereunder, will have been, duly executed and delivered by each Loan Party that is party thereto. This Amendment constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan
Party, enforceable against each Loan Party that is party thereto in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws and equitable principles
relating to or limiting creditors’ rights generally. 
 (c) Financial Statements; No Material Adverse Effect. (i) The
Borrower has heretofore furnished to the Administrative Agent and the Lenders the Reliable Financial Statements. Such financial statements (1) were prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein; and (2) fairly present in all material respects the financial condition of Reliable and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in
accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein. 
 (ii) The Borrower has heretofore furnished to the Lenders the Pro Forma Financial Statements. Such financial statements have been prepared in good faith and are based on the information available to the Borrower through the Second Amendment
Effective Date. 
 (d) Subsidiaries. (i) Holdings has (1) no Subsidiaries other than the Borrower and (2) no Equity
Interests in any other corporation or entity, and (ii) as of the Second Amendment Effective Date, the Borrower will have (1) no Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.13 to this Amendment and
(2) no Equity Interests in any other corporation or entity other than those specifically disclosed in Part (b) of Schedule 5.13 to this Amendment. 
 (e) Solvency. Immediately after the Reliable Acquisition is consummated and after giving effect to the application of the proceeds of the Term C Loans and the other transactions contemplated hereby to be
consummated on the Second Amendment Effective Date, each Loan Party will be Solvent. 
 (f) Collateral. The security interests in or
mortgage Liens on the Collateral purported to be covered by the Security Documents are and will remain perfected security interests or mortgage liens in accordance with, to the extent and with the priority contemplated by the Security Documents, and
do and will continue to secure the Secured Obligations (including the Term C Loans). 
  

 17 

 SECTION 9. Conditions to Effectiveness. This Amendment shall become effective on the date (the
“Second Amendment Effective Date”) when, and only when, each of the following conditions shall have been satisfied: 
 (a)
Deliveries. The Administrative Agent’s receipt of the following, each of which shall be originals, or electronic copies or facsimile copies followed promptly by originals (unless otherwise specified), each properly executed by a
Responsible Officer of the signing Loan Party (as applicable), each in form and substance reasonably satisfactory to the Administrative Agent and its counsel: 
 (i) executed counterparts of this Amendment delivered on behalf of each of Holdings, the Borrower, the Guarantors (other than the Reliable
Companies), the Administrative Agent, the Required Lenders and each Term C Lender, or as to any of the foregoing parties, other written confirmation (in form reasonably satisfactory to the Administrative Agent) that such party has signed a
counterpart hereof; 
 (ii) executed counterparts of a Security Agreement Supplement (as defined in the Security Agreement)
and a Perfection Certificate from each of the Reliable Companies; 
 (iii) certificates representing all outstanding Equity
Interests in each of the Reliable Companies, together with stock powers endorsed in blank; 
 (iv) duly executed amendments to
each of the existing Mortgages, in proper form for recordation, together with “bring-down” or “modification” endorsements to the mortgagee’s title insurance policies previously delivered pursuant to the Credit Agreement, as
may be requested by the Administrative Agent and necessary or desirable to maintain the validity and perfection of the security interests thereunder with respect to all Secured Obligations; 
 (v) if requested by any Term C Lender at least three (3) Business Days prior to the Second Amendment Effective Date by any Term C
Lender, one or more Notes payable to the order of such Term C Lender duly executed by the Borrower in substantially the form of Exhibit C to the Credit Agreement, evidencing the Term C Loans; 
 (vi) a Committed Loan Notice with respect to the Borrowing of Term C Loans to be made on the Second Amendment Effective Date; 

(vii) favorable opinions of counsel to the Loan Parties, addressed to the Administrative Agent and each Lender and in form and
substance and with respect to such matters as shall be reasonably satisfactory to the Administrative Agent; provided that delivery of such opinions of counsel (other than the opinion of Kirkland & Ellis LLP, 

  

 18 

 
special counsel to the Loan Parties, and the opinion of Pepper Hamilton LLP, special Pennsylvania counsel to the Loan Parties) may be delivered within a
period after the Second Amendment Effective Date as may be agreed by the Lead Arranger in its sole discretion; 
 (viii)
satisfactory evidence that all existing Indebtedness of the Reliable Companies has been repaid (other than any such Indebtedness permitted pursuant to Section 7.03 of the Credit Agreement (as amended hereby)) and any related commitments
terminated, and all Liens on the Equity Interests, bank accounts or other assets of the Reliable Companies have been terminated, other than any Liens permitted under Section 7.01 of the Credit Agreement, as amended hereby; 
 (ix) certificate signed by the chief financial officer of each of the Loan Parties certifying as to the financial condition and Solvency
of such Loan Party (after giving effect to the Reliable Acquisition and the borrowing of the Term C Loans); 
 (x) a
certificate signed by a Responsible Officer of the Borrower certifying (A) that the conditions specified in Sections 9(e) and (f) of this Amendment have been satisfied; and (B) that there has been no event or circumstance since
January 2, 2005 that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect; 
 (xi) at least 5 Business Days prior to the consummation of the Reliable Acquisition, a Permitted Acquisition Certificate; 
 (xii) copies of the Reliable Acquisition Documents (which shall be consistent with the terms of the Reliable Acquisition Agreement and otherwise not materially adverse to the interests of the Lenders, unless consented
to by the Lead Arranger), certified as complete and correct by a Responsible Officer of the Borrower; 
 (xiii) such
certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each
Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party; 
 (xiv) such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly
organized or formed, and that each of the Borrower and the Guarantors is validly existing and in good standing and qualified to engage in business in each jurisdictions in which it does business, except for such failures to 

  

 19 

 
be so qualified as could not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect; and 
 (xv) such other assurances, certificates, documents or consents as the Administrative Agent or the Required Lenders may reasonably
require. 
 (b) Acquisition. The Administrative Agent shall have received satisfactory evidence that (i) the Reliable Acquisition
shall be consummated simultaneously with the funding of the Term C Loans in accordance with the Reliable Acquisition Agreement and in compliance with applicable law and (ii) immediately upon the consummation of the Reliable Acquisition,
Reliable will be a wholly-owned direct Subsidiary of the Borrower, and the other Reliable Companies will be wholly-owned Subsidiaries of Reliable. 
 (c) Pro Forma Financial Statements. The Administrative Agent and the Lenders shall have received the Pro Forma Financial Statements. 
 (d) Payment of Fees and Expenses. The Borrower shall be in compliance with the terms of the fee letter dated as of November 11, 2005 among the Borrower, the Administrative Agent and Bank of America
Securities LLC and shall have paid all fees required to be paid thereunder on or before the Second Amendment Effective Date in full in cash. The Borrower shall have paid all other fees and all costs and out-of-pocket expenses (including reasonable
fees, out-of-pocket expenses and disbursements of counsel to the Administrative Agent) incurred in connection with the preparation, negotiation and execution of this Amendment. 
 (e) Representations and Warranties. The representations and warranties of Holdings and the Borrower contained in Article 5 of the Credit Agreement
(after giving effect to this Amendment and including the Reliable Companies as Loan Parties) and the representations and warranties of Holdings, the Borrower and the other Loan Parties (including the Reliable Companies) in any other Loan Document
shall be true and correct in all material respects on and as of the Second Amendment Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in
all material respects as of such earlier date. 
 (f) No Default. No Default shall exist (after giving effect to this Amendment), or
would result from the consummation of the Reliable Acquisition, the borrowing of the Term C Loans or the other transactions contemplated hereby. 
 For purposes of determining satisfaction of the conditions specified in this Section 9 each Lender that has signed this Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or
other matter required hereunder to be consented to or approved by or acceptable or satisfactory to the Administrative Agent or a Lender unless the Administrative 

  

 20 

 
Agent shall have received notice from such Lender prior to the proposed Second Amendment Effective Date specifying its objection thereto. 
 SECTION 10. Post-closing Undertaking. No later than six months after the Second Amendment Effective Date, the Borrower will deliver to the
Administrative Agent either (i) a certificate of a Responsible Officer of the Borrower certifying that all properties of the Reliable Companies forming part of the Collateral are covered by insurance policies of the Borrower as to which the
Administrative Agent, on behalf of the Lenders, is already named as an additional insured or loss payee, as the case may be, attaching certificates of insurance or other evidence of the inclusion of such properties to the reasonable satisfaction of
the Administrative Agent or (ii) endorsements naming the Administrative Agent, on behalf of the Lenders, as an additional insured or loss payee, as the case may be, under all insurance policies to be maintained with respect to the properties of
the Reliable Companies forming part of the Collateral; provided that such deliveries with respect to the warehouse in Fresno, California and the call center in Anaheim, California may be made no later than nine months after the Second
Amendment Effective Date. 
 SECTION 11. Governing Law. This Amendment shall be governed by and construed in accordance with the laws
of the State of New York. 
 SECTION 12. Counterparts. This Amendment may be signed in any number of counterparts, each of which shall
be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Delivery by telecopier of an executed counterpart of a signature page to this Amendment shall be effective as delivery of an original
executed counterpart of this Amendment. 
 [Signature pages follow.] 
  

 21 

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

					
	 KEYSTONE AUTOMOTIVE HOLDINGS, INC.

		
	 By:
	 	 /s/ Bryant P. Bynum

		 	 Name:
	 	 Bryant P. Bynum

		 	 Title:
	 	 Chief Financial Officer

	
	 KEYSTONE AUTOMOTIVE OPERATIONS, INC.

		
	 By:
	 	 /s/ Bryant P. Bynum

		 	 Name:
	 	 Bryant P. Bynum

		 	 Title:
	 	 Chief Financial Officer

					
	 BANK OF AMERICA, N.A.,
 as Administrative Agent

		
	 By:
	 	 /s/ Robert Klawinski

		 	 Name:
	 	 Robert Klawinski

		 	 Title:
	 	 Senior Vice President

	
	 BANK OF AMERICA, N.A., as a Lender

		
	 By:
	 	 /s/ Robert Klawinski

		 	 Name:
	 	 Robert Klawinski

		 	 Title:
	 	 Senior Vice President

					
	 Name of Lender:
  
 AIM Floating Rate Fund,

		
	By:	 	 INVESCO Senior Secured Management, Inc.,
 As Sub-Adviser

		
	 By:
	 	 /s/ Scott Baskind

		 	 Name:
	 	 Scott Baskind

		 	 Title:
	 	 Authorized Signatory

					
	 Name of Lender:
  
 AVALON CAPITAL LTD.

		
	By:	 	INVESCO Senior Secured Management, Inc., As Collateral Manager
		
	 By:
	 	 /s/ Scott Baskind

		 	 Name:
	 	 Scott Baskind

		 	 Title:
	 	 Authorized Signatory

					
	 Name of Lender:
  
 AVALON CAPITAL LTD. 3

		
	By:	 	 INVESCO Senior Secured Management, Inc.,
 As Asset Manager

		
	 By:
	 	 /s/ Scott Baskind

		 	 Name:
	 	 Scott Baskind

		 	 Title:
	 	 Authorized Signatory

					
	Name of Lender:
	
	Alliance Bernstein Global Strategic Income Trust
		
	By:	 	Alliance Capital Management Corp., As Advisor
		
	By:	 	Alliance Capital Management Corp., As General Partner
		
	 By:
	 	 /s/ Michael E. Sohr

		 	 Name:
	 	 Michael E. Sohr

		 	 Title:
	 	 Senior Vice President

					
	Name of Lender:
	
	Bayerische Hypo-und Vereinsbank AG New York Branch
		
	 By:
	 	 /s/ Sven Schuessler

		 	 Name:
	 	 Sven Schuessler

		 	 Title:
	 	 Associate Director

		
	 By:
	 	 /s/ Joshua Garver

		 	 Name:
	 	 Joshua Garver

		 	 Title:
	 	 Senior Associate

					
	Name of Lender:
	
	Centaurus Loan Trust
		
	By:	 	Nomura Corporate Research and Asset Management Inc., As Investment Advisor
		
	 By:
	 	 /s/ Elizabeth MacLean

		 	 Name:
	 	 Elizabeth MacLean

		 	 Title:
	 	

					
	Name of Lender:
	
	Citigroup Investment Corporate Loan Fund Inc.
		
	By:	 	Citigroup Alternative Investment LLC
		
	 By:
	 	 /s/ Roger Yee

		 	 Name:
	 	 Roger Yee

		 	 Title:
	 	 Vice President

					
	Name of Lender:
	
	CHARTER VIEW PORTFOLIO
		
	By:	 	INVESCO Senior Secured Management Inc., As Investment Advisor
		
	 By:
	 	 /s/ Scott Baskind

		 	 Name:
	 	 Scott Baskind

		 	 Title:
	 	 Authorized Signatory

					
	Name of Lender:
	
	Clydesdale CIO 2003, Ltd.
		
	BY:	 	Nomura Corporate Research and Asset Management Inc., As Collateral Manager
		
	 By:
	 	 /s/ Elizabeth MacLean

		 	 Name:
	 	 Elizabeth MacLean

		 	 Title:
	 	

					
	Name of Lender:
	
	Columbus Loan Funding Ltd.
		
	By:	 	Citigroup Alternative Investments LLC
		
	By:	 	/s/ Roger Yee
		 	Name:	 	Roger Yee
		 	Title:	 	Vice President

					
	Name of Lender:
	
	DIVERSIFIED CREDIT PORTFOLIO, LTD
		
	By:	 	INVESCO Senior Secured Management, Inc., As Investment Advisor
		
	By:	 	/s/ Scott Baskind
		 	Name:	 	Scott Baskind
		 	Title:	 	Authorized Signatory

					
	Name of Lender:
	
	STANTIUS EATON VANCE CDO V. LTD
		
	By:	 	Eaton Vance Management As Investment Advisor
		
	By:	 	/s/ Michael B. Botthof
		 	Name:	 	Michael B. Botthof
		 	Title:	 	Vice President

					
	Name of Lender:
	
	EATON VANCE FLOATING-RATE INCOME TRUST
		
	By:	 	EASTON VANCE MANAGEMENT As Advisor
		
	By:	 	/s/ Michael B. Botthof
		 	Name:	 	Michael B. Botthof
		 	Title:	 	Vice President

					
	Name of Lender:
	
	EATON VANCE SENIOR FLOATING RATE TRUST
		
	By:	 	EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR
		
	By:	 	/s/ Michael B. Botthof
		 	Name:	 	Michael B. Botthof
		 	Title:	 	Vice President

					
	Name of Lender:
	
	EASTON VANCE LIMITED DURATION INCOME FUND
		
	By	 	EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR
		
	By:	 	/s/ Michael B. Botthof
		 	Name:	 	Michael B. Botthof
		 	Title:	 	Vice President

					
	Name of Lender:
	
	EATON VANCE SENIOR INCOME TRUST
		
	By:	 	EATON VANCE MANAGEMENT
AS INVESTMENT ADVISOR
		
	 By:
	 	 /s/ Michael B. Botthof

		 	 Name:
	 	 Michael B. Botthof

		 	 Title:
	 	 Vice President

					
	Name of Lender:
	
	EATON VANCE INSTITUTIONAL SENIOR LOAN FUND
		
	By:	 	EATON VANCE MANAGEMENT
AS INVESTMENT ADVISOR
		
	 By:
	 	 /s/ Michael B. Botthof

		 	 Name:
	 	 Michael B. Botthof

		 	 Title:
	 	 Vice President

					
	Name of Lender:
	
	EATON VANCE CDO III, LTD
		
	By:	 	EATON VANCE MANAGEMENT
AS INVESTMENT ADVISOR
		
	 By:
	 	 /s/ Michael B. Botthof

		 	 Name:
	 	 Michael B. Botthof

		 	 Title:
	 	 Vice President

					
	Name of Lender:
	
	EATON VANCE CDO VI LTD
		
	By:	 	EATON VANCE MANAGEMENT
AS INVESTMENT ADVISOR
		
	 By:
	 	 /s/ Michael B. Botthof

		 	 Name:
	 	 Michael B. Botthof

		 	 Title:
	 	 Vice President

					
	Name of Lender:
	
	ECL Loan Funding LLC for itself or As Agent for ECL2 Loan Funding LLC
		
	 By:
	 	 /s/ Eugene Caraus

		 	 Name:
	 	 Eugene Caraus

		 	 Title:
	 	 Attorney-in-fact

					
	Name of Lender:
	
	Emerald Orchard Limited
		
	 By:
	 	 /s/ Lazina

		 	 Name:
	 	 Lazina

		 	 Title:
	 	 Loan Officer

					
	Name of Lender:
	
	Firstrust Bank
		
	 By:
	 	 /s/ Kent D. Nelson

		 	 Name:
	 	 Kent D. Nelson

		 	 Title:
	 	 Senior Vice President

					
	Name of Lender:
	
	GRAYSON & CO
		
	By:	 	 BOSTON MANAGEMENT AND RESEARCH AS INVESTMENT
 ADVISOR

		
	 By:
	 	 /s/ Michael B. Botthof

		 	 Name:
	 	 Michael B. Botthof

		 	 Title:
	 	 Vice President

					
	Name of Lender:
	
	HARBOUR TOWN FUNDING LLC
		
	 By:
	 	 /s/ M. Cristina Higgins

		 	 Name:
	 	 M. Cristina Higgins

		 	 Title:
	 	 Assistant Vice President

					
	Name of Lender:
	
	Highland Floating Rate LLC
		
	 By:
	 	 /s/ Joe Dougherty

		 	 Name:
	 	 Joe Dougherty

		 	 Title:
	 	 Senior Vice President

					
	Name of Lender:
	
	ING PRIME RATE TRUST
		
	By:	 	 ING Investment Management Co.
 As
its Investment Manager

		
	 By:
	 	 /s/ Mark F. Haak

		 	 Name:
	 	 Mark K. Haak, CFA

		 	 Title:
	 	 Vice President

					
	Name of Lender:
	
	ING SENIOR INCOME FUND
		
	By:	 	 ING Investment Management Co.
 As
its Investment Manager

		
	 By:
	 	 /s/ Mark F. Haak,

		 	 Name:
	 	 Mark F. Haak, CFA

		 	 Title:
	 	 Vice President

					
	Name of Lender:
	
	INVESCO EUROPEAN CDO ISA
		
	By:	 	INVESCO Senior Secured Management Inc., As Collateral Manager
		
	By:	 	/s/ Scott Baskind
		 	Name:	 	Scott Baskind
		 	Title:	 	Authorized Signatory

					
	Name of Lender:
	
	J.P. Morgan Trust Company (Cayman) Limited, as Trustee for TORAJI TRUST, as (Assignee/Participant)
		
	By:	 	Its Investment Manager, Citigroup Alternative Investments LLC
		
	By:	 	/s/ Roger Yee
		 	Name:	 	Roger Yee
		 	Title:	 	Vice President

					
	Name of Lender:
	
	KALDI FUNDING LLC
		
	By:	 	/s/ M. Cristina Higgins
		 	Name:	 	M. Cristina Higgins
		 	Title:	 	Assistant Vice President

					
	Name of Lender:
	
	Loan Funding IV LLC
		
	By:	 	Highland Capital Management L.P. As Collateral Manager
		
	By:	 	Strand Advisors Inc., Its General Partner
		
	By:	 	/s/ Chad Schramek
		 	Name:	 	Chad Schramek
		 	Title:	 	Assistant Treasurer, Strand Advisors, Inc., General Partner of Highland Capital Management, L.P.

					
	Name of Lender:
	
	Loan Star State Trust
		
	By:	 	Highland Capital Management, L.P., As Collateral Manager
		
	By:	 	Strand Advisors Inc., Its Investment Advisor
		
	By:	 	/s/ Chad Schramek
		 	Name:	 	Chad Schramek
		 	Title:	 	Assistant Treasurer Strand Advisors, Inc., General Partner of Highland Capital Management, L.P.

					
	Name of Lender:
	
	Longhorn CDO III, LTD.
	
	By: Merrill Lynch Investment Managers, L.P. as Collateral Manager
		
	By:	 	/s/ Neal Desai
		 	Name:	 	Neal Desai
		 	Title:	 	Vice President

  

					
	Floating Rate Income-Strategies Fund, Inc.
		
	By:	 	/s/ Neal Desai
		 	Name:	 	Neal Desai
		 	Title:	 	Vice President

					
	Name of Lender:
	
	Magnetite IV CLO, Limited
	
	Magnetite V CLO, Limited
		
	By:	 	/s/ T. Colwell
		 	Name:	 	T. Colwell
		 	Title:	 	Authorized Signatory

					
	Name of Lender:
	
	MAPLEWOOD (CAYMAN) LIMITED
		
	By:	 	 Babson Capital Management LLC
as Investment Manager

		
	By:	 	 /s/ David P. Wells

		 	 Name:
	 	 David P. Wells, CFA

		 	 Title:
	 	 Managing Director

  

					
	Name of Lender:
	
	BABSON CLO LTD, 2005 II
	
	BABSON CLO LTD, 2005 iii
		
	By:	 	Babson Capital Management LLC
as Collateral Manager
		
	By:	 	 /s/ David P. Wells

		 	 Name:
	 	 David P. Wells, CFA

		 	 Title:
	 	 Managing Director

					
	Name of Lender:
	
	Monument Park CDO LTD
		
	By:	 	Blackstone Debt Advisors L.P. 
As Collateral Manager
		
	By:	 	 /s/ Dean T. Criares

		 	 Name:
	 	 Dean T. Criares

		 	 Title:
	 	 Managing Director

					
	Name of Lender:
	
	Normura Bond & Loan Fund
		
	By:	 	UFJ Trust Bank Limited as Trustee
		
	 By:
	 	Normura Corporate Research and Asset Management Inc., Attorney in Fact
		
	By:	 	 /s/ Elizabeth MacLean

		 	 Name:
	 	 Elizabeth MacLean

		 	 Title:
	 	

					
	Name of Lender:
	
	NCRAM Loan Trust
	
	NOMURA CORPORATE RESEARCH AND ASSET MANAGEMENT INC.,
AS INVESTMENT ADVISER
		
	By:	 	 /s/ Elizabeth MacLean

		 	 Name:
	 	 Elizabeth MacLean

		 	 Title:
	 	

					
	Name of Lender:
	
	New Alliance Global CDO, Limited
		
	By:	 	Alliance Capital Management L.P.,
as Advisor
		
	By:	 	Alliance Capital Management Corp.,
as General Partner
		
	By:	 	 /s/ Michael E. Sohr

		 	 Name:
	 	 Michael E. Sohr

		 	 Title:
	 	 Senior Vice President

					
	Name of Lender:
	
	OCTAGON INVESTMENT PARTNERS, LTD.
		
	By:	 	Octagon Credit Investors, LLC
as Collateral Manager
		
	By:	 	 /s/ James Ferguson

		 	 Name:
	 	 James Ferguson

		 	 Title:
	 	 SR. Portfolio Manager

					
	Name of Lender:
	
	PNC Bank, N.A.
		
	 By:
	 	/s/ Cheryl L. Sokolsky
		 	 Name:
	 	 Cheryl L. Sokolsky

		 	 Title:
	 	 Vice President

					
	Name of Lender:
	
	Oligra 43
		
	 By:
	 	 /s/ Karen Thompson

		 	 Name:
	 	 Karen Thompson

		 	 Title:
	 	 Loan Officer

					
	Name of Lender:
	
	Sankaty Advisors, LLC, as Collateral Manager for AVERY POINT CLO, LTD, as Term Lender
		
	 By:
	 	 /s/ Diane J. Exter

		 	 Name:
	 	 Diane J. Exter

		 	 Title:
	 	 Managing Director/Portfolio Manager

					
	Name of Lender:
	
	Sankaty Advisors, LLC as Collateral Manager for Castle Hill II – INGOTS, Ltd., as Term Lender
		
	 By:
	 	 /s/ Diane J. Exter

		 	 Name:
	 	 Diane J. Exter

		 	 Title:
	 	 Managing Director/Portfolio Manager

					
	Name of Lender:
	
	Sankaty Advisors, LLC as Collateral Manager for Castle Hill I – INGOTS, Ltd., as Term Lender
		
	 By:
	 	 /s/ Diane J. Exter

		 	 Name:
	 	 Diane J. Exter

		 	 Title:
	 	 Managing Director/Portfolio Manager

					
	Name of Lender:
	
	Sankaty High Yield Parnters, III, L.P.
		
	 By:
	 	 /s/ Diane J. Exter

		 	 Name:
	 	 Diane J. Exter

		 	 Title:
	 	 Managing Director/Portfolio Manager

					
	Name of Lender:
	
	Sankaty Advisors, LLC as Collateral Manager for Race Point CLO, Limited, as Term Lender
		
	By:	 	/s/ Diane J. Exter
		 	Name:	 	Diane J. Exter
		 	Title:	 	Managing Director/Portfolio Manager

					
	Name of Lender:
	
	Sankaty Advisors, LLC as Collateral Manager for Race Point II CLO, Limited as Term Lender
		
	By:	 	/s/ Diane J. Exter
		 	Name:	 	Diane J. Exter
		 	Title:	 	Managing Director/Portfolio Manager

					
	Name of Lender:
	
	 SAGAMORE CLO LTD

		
	 By:
	 	INVESCO Senior Secured Management, Inc., As Collateral Manager
		
	By:	 	/s/ Scott Baskind
		 	Name:	 	Scott Baskind
		 	Title:	 	Authorized Signatory

					
	Name of Lender:
	
	 SARATOGA CLO, LIMITED

		
	 By:
	 	INVESCO Senior Secured Management, Inc., As Asset Manager
		
	By:	 	/s/ Scott Baskind
		 	Name:	 	Scott Baskind
		 	Title:	 	Authorized Signatory

					
	Name of Lender:
	
	 SENIOR DEBT PORTFOLIO

		
	 By:
	 	Boston Management and Research as Investment Advisor
		
	By:	 	/s/ Michael B. Botthof
		 	Name:	 	Michael B. Botthof
		 	Title:	 	Vice President

					
	Name of Lender:
	
	 SEQUILS-LIBERTY, LTD.

		
	 By:
	 	INVESCO Senior Secured Management, Inc., As Collateral Manager
		
	By:	 	/s/ Scott Baskind
		 	Name:	 	Scott Baskind
		 	Title:	 	Authorized Signatory

					
	Name of Lender:
	
	 TOLLI & CO

		
	 By:
	 	EATON VANCE MANAGEMENT AS INVESTMENT ADVISOR
		
	By:	 	/s/ Michael B. Botthof
		 	Name:	 	Michael B. Botthof
		 	Title:	 	Vice President

					
	Name of Lender:
	
	 UBS Loan Finacial LLC

		
	By:	 	/s/ Richard L. Tavrow
		 	Name:	 	Richard L. Tavrow
		 	Title:	 	Director Banking Products Services, US
		
	By:	 	/s/ Irja R. Otsa
		 	Name:	 	Irja R. Otsa
		 	Title:	 	Associate Director Bank Products Services, US

					
	Name of Lender:
	
	 Union Square CDO Ltd

		
	 By:
	 	Blackstone Debt Advisors, L.P. As Collateral Manager
		
	By:	 	/s/ Dean T. Criares
		 	Name:	 	Dean T. Criares
		 	Title:	 	Managing Director

					
	Name of Lender:
	
	Western Asset Floating Rate High Income Fund, LLC
		
	By:	 	/s/ Timothy Settel
		 	Name:	 	Timothy Settel
		 	Title:	 	

 GUARANTOR ACKNOWLEDGMENT: 
 Each of the undersigned hereby consents to the foregoing Amendment and hereby confirms and agrees that (a) notwithstanding the effectiveness of such Amendment, each Loan Document to which it is party is, and
shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, except that, on and after the effectiveness of such Amendment, each reference in the Loan Documents to the “Credit Agreement”,
“thereunder”, “thereof” or words of like import shall mean and be a reference to the Credit Agreement as amended by such Amendment and (b) the Collateral Documents to which each of the undersigned is a party and all of the
Collateral described therein do, and shall continue to, secure the payment of all of the Secured Obligations (in each case, as defined therein) except to the extent limited by the terms of the Loan Documents. 
  

					
	KEYSTONE AUTOMOTIVE HOLDINGS, INC.
		
	By:	 	/s/ Bryant P. Bynum
		 	Name:	 	Bryant P. Bynum
		 	Title:	 	Chief Financial Officer
	
	KEYSTONE AUTOMOTIVE OPERATIONS MIDWEST, INC.
		
	By:	 	/s/ Bryant P. Bynum
		 	Name:	 	Bryant P. Bynum
		 	Title:	 	Treasurer
	
	KEY COMP, INC.
		
	By:	 	/s/ Bryant P. Bynum
		 	Name:	 	Bryant P. Bynum
		 	Title:	 	Treasurer

					
	A&A AUTO PARTS STORES, INC.
		
	By:	 	/s/ Bryant P. Bynum
		 	Name:	 	Bryant P. Bynum
		 	Title:	 	Chief Financial Officer
	
	KEYSTONE AUTOMOTIVE DISTRIBUTORS, INC.
		
	By:	 	/s/ Bryant P. Bynum
		 	Name:	 	Bryant P. Bynum
		 	Title:	 	Treasurer
	
	AMERICAN SPECIALTY EQUIPMENT CORP.
		
	By:	 	/s/ Bryant P. Bynum
		 	Name:	 	Bryant P. Bynum
		 	Title:	 	Treasurer
	
	KAO MANAGEMENT SERVICES, INC.
		
	By:	 	/s/ Bryant P. Bynum
		 	Name:	 	Bryant P. Bynum
		 	Title:	 	Treasurer
	
	KEYSTONE MARKETING SERVICES, INC.
		
	By:	 	/s/ Bryant P. Bynum
		 	Name:	 	Bryant P. Bynum
		 	Title:	 	Treasurer

					
	DRIVERFX.COM, INC.
		
	By:	 	/s/ Bryant P. Bynum
		 	Name:	 	Bryant P. Bynum
		 	Title:	 	Treasurer
	
	KEYSTONE AUTOMOTIVE OPERATIONS OF CANADA, INC.
		
	By:	 	/s/ Bryant P. Bynum
		 	Name:	 	Bryant P. Bynum
		 	Title:	 	Treasurer
	
	BLACKSMITH DISTRIBUTING, INC.
		
	By:	 	/s/ Bryant P. Bynum
		 	Name:	 	Bryant P. Bynum
		 	Title:	 	Chief Financial Officer

 ANNEX A 
 CERTAIN CONFORMING REFERENCES 
 The Credit Agreement is amended by replacing each item of text listed
in the “Initial Text” column below, as it appears in the “Section” column opposite such Initial Text, with the item of text listed in the “Amended Text” column opposite such Initial Text. 
  

					
	 Initial Text
	 	 Section
	 	 Amended Text

			
	Section 2.01(c)	 	 The following defined terms:
 “Incremental Term
Commitment”
 “Incremental Term Lender”
 “Incremental Term Loan”
 “Incremental Term Loan Amendment”
	 	Section 2.01(d)
			
	Senior Subordinated Notes	 	The definition of “Change of Control”	 	Senior Subordinated Notes or Reliable Seller Note
			
	Term B Loans	 	 Section 2.06(d)
 Section 2.06(e)
 Section 2.06(f)
 Section 7.02(f)
 Section 10.07(b)(i)
	 	Term Loans
			
	Term Loan Maturity Date	 	The definition of “Net Cash Proceeds” Section 7.03(b)(ii)	 	Term C Loan Maturity Date
			
	Term Loan Maturity Date	 	Section 2.08(b)(i) (text and amortization chart)	 	Term B Loan Maturity Date

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