Document:

EX-10.1

 Exhibit 10.1 
 Execution Version 
 AMENDMENT NO. 4 TO SLOT RECEIVABLES PURCHASE
AGREEMENT 
 THIS AMENDMENT NO. 4 TO SLOT RECEIVABLES PURCHASE AGREEMENT, dated as of May 22, 2013
(this “Amendment”), is entered into by and among: (a) Tenneco Automotive RSA Company, a Delaware corporation (“Seller”), (b) Tenneco Automotive Operating Company Inc., a Delaware corporation
(“Tenneco Operating”), as initial Servicer (the “Servicer”, and together with Seller, the “Seller Parties”), (c) Wells Fargo Bank, National Association, a national banking
association, individually (“Wells Fargo” and, together with its successors and permitted assigns, the “SLOT Purchaser”), and as agent for the SLOT Purchaser (in such capacity, together with its
successors and assigns in such capacity, the “SLOT Agent”), and is consented to by JPMorgan Chase Bank, N.A., as First Lien Agent under the Intercreditor Agreement (as defined below) (in such capacity, together with its
successors and assigns, the “First Lien Agent”). Capitalized terms used and not otherwise defined herein shall have the meanings attributed thereto in the Agreement (hereinafter defined). 

PRELIMINARY STATEMENTS 
 The parties hereto are parties to that certain SLOT Receivables Purchase Agreement dated as of March 26, 2010 (as amended or otherwise modified from time to time, the
“Agreement”). Seller, Servicer, the SLOT Agent, as Second Lien Agent, and the First Lien Agent are parties to that certain Intercreditor Agreement dated as of March 26, 2010 (as heretofore amended, the
“Intercreditor Agreement”). 
 Subject to the terms and conditions hereof,
the parties hereto agree to amend the Agreement as hereinafter set forth. 
 1. Amendments. The definitions on
Exhibit I to the Agreement of the terms set forth below are hereby amended and restated in their entirety to read, respectively, as follows: 
 “Adjusted Concentration Limit” means, at any time, (a) for General Motors Company and its Affiliates at any time their Extra Special Concentration Limit remains in effect,
13.0% of the aggregate Outstanding Balance of all Eligible Receivables after subtracting the Pass Through Reserve, the Warranty Reserve, the Sales-Promotion Reserve and the Price Give Back Accrual, (b) for Ford Motor Company and its Affiliates
at any time their Extra Special Concentration Limit remains in effect, 14.0% of the aggregate Outstanding Balance of all Eligible Receivables after subtracting the Pass Through Reserve, the Warranty Reserve, the Sales-Promotion Reserve and the Price
Give Back Accrual, and (c) (i) at all other times for General Motors Company and its Affiliates, and Ford Motor Company and its Affiliates and (ii) for any other Obligor and its Affiliates at any time, 10.0% of the aggregate
Outstanding Balance of all Eligible Receivables after subtracting the Pass Through Reserve, the Warranty Reserve, the Sales-Promotion Reserve and the Price Give Back Accrual. 

“Extra Special Concentration Amount” means, on any date of determination, for each of the Obligors
specified in the table below, the excess, if any, of (a) the product of (i) the percentage for such Obligor and its Affiliates set forth in the table below (the “Extra Special Concentration Limit”),
times (ii) the aggregate Outstanding Balance of all Eligible Receivables, over (b) the “Overconcentration Amount” under (and as 

  

 
defined in) the First Lien Receivables Purchase Agreement for such Obligor as determined under the First Lien Receivables Purchase Agreement: 

 

					
	 OBLIGOR
	  	EXTRA SPECIAL
CONCENTRATION LIMIT	 
	 General Motors Company and Affiliates
	  	 	13.0	% 
	 Ford Motor Company and Affiliates
	  	 	14.0	% 

 In the event the SLOT Agent changes its view of the credit risk of any such Obligor as a result of events
or developments occurring after the date of this Agreement, the SLOT Agent may, upon not less than 10 Business Days’ notice to Seller, reduce any Extra Special Concentration Limit but not to a limit lower than the applicable “Special
Concentration Limit” under (and as defined in) the First Lien Receivables Purchase Agreement. 
 2.
Representations and Warranties. In order to induce the SLOT Agent and the Purchasers to enter into this Amendment, each of the Seller Parties hereby represents and warrants to them as follows: (a) The execution and delivery by it of
this Amendment and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder, are within its organizational powers and authority and have been duly authorized by all necessary
organizational action on its part, (b) this Amendment has been duly executed and delivered by it, (c) each of its representations and warranties set forth in Article V of the Agreement is true and correct as of the date hereof in all
material respects as though made on and as of such date, it being understood that the foregoing materiality qualifier shall not apply to any representation that itself contains a materiality threshold, and (d) as of the date hereof, no event
has occurred and is continuing that would constitute a Amortization Event or a Potential Amortization Event. 
 3.
Conditions Precedent. Effectiveness of this Amendment is subject to the prior or contemporaneous satisfaction of each of the following conditions precedent: (a) The SLOT Agent shall have received counterparts hereof, duly executed by
each of the parties hereto and consented to by the First Lien Agent, (b) the SLOT Agent’s counsel shall have received payment in full of its legal fees and disbursements; and (c) each of the representations and warranties contained in
Section 2 of this Amendment shall be true and correct in all material respects, it being understood that the foregoing materiality qualifier shall not apply to any representation that itself contains a materiality threshold. 

4. Miscellaneous. 
 4.1. CHOICE OF LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF ILLINOIS. 

4.2. Integration; Binding Effect; Survival of Terms. This Amendment contains the final and complete integration of all prior
expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings. This
Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns (including any trustee in bankruptcy). 

  
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 4.3. Counterparts; Severability. This Amendment may be executed in any number of
counterparts and by the different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same Agreement. Delivery of an executed
counterpart of a signature page to this Amendment by facsimile shall be effective as delivery of a manually executed counterpart of a signature page to this Amendment. Any provisions of this Amendment which are prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. 
 4.4. Ratification. Except as expressly
modified hereby, the Agreement is hereby ratified, approved and confirmed in all respects. 
 <Signature pages follow>

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered by their duly authorized officers or attorneys-in-fact as of the date hereof. 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as Second Lien Agent
		
	By:	 	 /s/ Michael J. Landry

	Name:	 	Michael J. Landry
	Title:	 	Vice President

  
 4 

 
			
	TENNECO AUTOMOTIVE RSA COMPANY, a Delaware corporation
		
	By:	 	 /s/ John E. Kunz

	Name:	 	John E. Kunz
	Title:	 	President and Treasurer
	
	TENNECO AUTOMOTIVE OPERATING COMPANY INC., a Delaware corporation
		
	By:	 	 /s/ Gary Silha

	Name:	 	Gary Silha
	Title:	 	Assistant Treasurer

 By its signature below, the undersigned hereby consents to the terms of the foregoing Amendment, confirms
that its Performance Undertaking remains unaltered and in full force and effect and hereby reaffirms, ratifies and confirms the terms and conditions of its Performance Undertaking: 

 

			
	TENNECO INC., a Delaware corporation
		
	By:	 	 /s/ John E. Kunz

	Name:	 	John E. Kunz
	Title:	 	Vice President Treasurer and Tax

  
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	ACKNOWLEDGED AND CONSENTED TO:
	
	JPMORGAN CHASE BANK, N.A., as First Lien Agent
		
	By:	 	 /s/ Corina Mills

	Name:	 	Corina Mills
	Title:	 	Executive Director

  
 6EX-10.1

 Exhibit 10.1 
 WILLIAM LYON HOMES 
 Amendment No. 1 

to 
 Warrant to
Purchase Shares of Class B Common Stock 
 THIS AMENDMENT NO. 1 TO WARRANT TO PURCHASE SHARES OF CLASS
B COMMON STOCK (this “Amendment”) is entered into as of this 21st day of May, 2013, by and between WILLIAM LYON HOMES, a Delaware corporation (the “Company”), and LYON SHAREHOLDER 2012, LLC, a Delaware limited liability company
(“Holder”). 
 RECITALS: 
 WHEREAS, the Company and the Holder have entered into a securities purchase agreement dated as of February 25, 2012, pursuant to which the Company has issued to the Holder a warrant to purchase up to
15,737,294 shares (subject to adjustment) of Class B Common Stock, par value $0.01 per share (the “Class B Common Stock”), of the Company (the “Original Warrant”); and 

WHEREAS, in connection with a proposed common stock recapitalization and public offering of Class A Common Stock, par value $0.01
per share (the “Class A Common Stock”), by the Company, the Company proposes to adopt a Third Amended and Restated Certificate of Incorporation (the “Amended Charter”), which Amended Charter, among other things,
will alter certain rights of holders of the Class B Common Stock; and 
 WHEREAS, in connection with the common stock
recapitalization and public offering of the Class A Common Stock and the adoption and effectiveness of the Amended Charter, the Company and the Holder desire to amend the terms of the Original Warrant solely to extend the expiration date of the
Original Warrant to February 24, 2022; and 
 WHEREAS, Section 9.4 of the Original Warrant provides that the Original
Warrant may be modified or amended with the written consent of the Company and the Majority Holders (as such term is defined in the Original Warrant); and 
 WHEREAS, as of the date hereof, the Holder is the holder of Warrants (as defined in the Original Warrant) exercisable for an amount in excess of 50% of the aggregate number of shares of Warrant Stock (as
defined in the Original Warrant) purchasable upon exercise of all such Warrants, thereby causing the Holder to be the Majority Holder for purposes of the Original Warrant; 
 AGREEMENT: 
 NOW, THEREFORE, in consideration of the foregoing recitals and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the Company and the Holder hereby consents and agrees as follows: 

  
 1 

 1. Defined Terms. Unless the context otherwise requires, and except as expressly
provided in Section 2 of this Amendment, below, all capitalized terms used in this Amendment without definition shall have the respective meanings given such terms in the Original Warrant. 

2. Amendment to Defined Term: “Expiration Date”. The definition of “Expiration Date” in the Original
Warrant is hereby amended and restated to read in its entirety and for all purposes of the Original Warrant as follows: 

‘ “Expiration Date” shall mean February 24, 2022. ’ 

3. Effect of Amendment. This Amendment shall not constitute or be deemed or construed to constitute an amendment to any provisions
of the Original Warrant other than as set forth in Section 2 of this Amendment. The provisions of the Original Warrant, as amended by this Amendment, shall otherwise continue in full force and effect. 

[Signature page on following page.] 

  
 2 

 IN WITNESS WHEREOF, the Company and the Holder have each caused this Amendment to be duly
executed and delivered as of the date first written above. 
  

			
	 “COMPANY”

	
	 WILLIAM LYON HOMES,

a Delaware corporation

		
	 By:
	 	 /s/ Colin T. Severn

		 	    Colin T. Severn
		 	     Vice President, Chief Financial Officer
      and Corporate Secretary

	
	 “HOLDER”

	
	 LYON SHAREHOLDER 2012, LLC

a Delaware limited liability company

		
	 By:
	 	 /s/ William H. Lyon

		 	    William H. Lyon
		 	    Manager

  
 [Signature Page to
Amendment to Class B Warrant]

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