Document:

QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 4.7  

 
 

FIRST AMENDMENT TO AMENDED AND RESTATED FOUR YEAR
  REVOLVING TERM CREDIT AGREEMENT    
    

MADE
as of October 31, 2003 

BETWEEN:

CELESTICA INC., a corporation incorporated under the laws of the Province of Ontario, and CELESTICA
INTERNATIONAL INC., a corporation incorporated under the laws of the Province of Ontario, as Borrowers, 

— and — 

THE FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY TO THE CREDIT AGREEMENT, as Lenders, 

— and — 

THE BANK OF NOVA SCOTIA, as Administrative Agent. 

RECITALS:  

        A.    Celestica Inc. ("Celestica"), Celestica International Inc. ("International"), The Bank of Nova Scotia, as
Administrative Agent, and the financial institutions named therein as Lenders are parties to the Amended and Restated Four Year Revolving Term Credit Agreement dated as of December 17, 2002
(together with all schedules attached thereto, the "Credit Agreement"); and 

        B.    The parties to the Credit Agreement wish to amend the Credit Agreement on the terms and conditions set forth herein. 

        THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the premises, the covenants herein contained and other good and valuable
consideration, the parties hereto agree as follows: 

ARTICLE 1

INTERPRETATION  

1.1   Definitions  

        Capitalized terms used in this Agreement and not otherwise defined herein shall have the respective meanings attributed to them in the Credit Agreement, and: 

        "Agreement" means this agreement, as the same may be amended, restated, replaced or superseded from time to time; 

        "Closing" means the time at which the terms of this Agreement shall become effective, including, without limitation, the satisfaction of
the conditions precedent set out in Section 3.1; and 

        "Credit Agreement" has the meaning specified in the first recital hereof. 

1.2   Headings  

        The division of this Agreement into Articles and Sections and the insertion of headings is for convenience of reference only and shall not affect the construction
or interpretation hereof. The terms "this Agreement", "hereof",  "hereunder" and similar expressions refer to
this Agreement and not to any particular Article, Section, paragraph or other portion hereof and include
any agreement supplemental hereto. 

 

1.3   Extended Meanings  

        Words importing the singular number only shall include the plural and vice versa, and words importing any gender
shall include all genders. 

1.4   Cross References  

        Unless otherwise specified, references in this Agreement to any Article or Section are references to such Article or Section of this Agreement, and unless
otherwise specified, references in the Article, Section or definition to any Clause are references to such Clause of such Article, Section or definition. 

1.5   Reference to Administrative Agent or Lenders  

        Any reference in this Agreement to the Administrative Agent or a Lender shall be construed so as to include its permitted successors, transferees or assigns under
the Credit Agreement in accordance with their respective interests. 

1.6   Severability  

        In the event that one or more of the provisions contained in this Agreement shall be invalid, illegal or unenforceable in any respect under any Applicable Law,
the validity, legality or enforceability of the remaining provisions hereof shall not be affected or impaired thereby. 

1.7   Currency  

        All monetary amounts in this Agreement refer to United States Dollars unless otherwise specified. 

1.8   References to Agreements  

        Except as otherwise provided herein, any reference herein to this Agreement, the Credit Agreement and any other Loan Document or any other agreement or document
shall be construed to be a reference to this Agreement, the Credit Agreement or such Loan Document or such other agreement or document, as the case may be, as the same may have been, or may from time
to time be, amended, restated, extended, supplemented or replaced. 

1.9   Effect on the Credit Agreement  

        On and after the date of this Agreement, each reference in the Credit Agreement to "this Agreement" and each reference to the Credit Agreement in the Loan
Documents and any and all other agreements, documents and instruments delivered by any of the Lenders, the Administrative Agent, the Borrowers, the Guarantors or any other Person shall mean and be a
reference to the Credit Agreement as amended by this Agreement. Except as specifically amended by this amending agreement, the Credit Agreement shall remain in full force and effect and is hereby
ratified and confirmed. 

ARTICLE 2

AMENDMENTS  

2.1   Financial Covenants  

	(a)
	Section 7.3(a)
of the Credit Agreement is hereby deleted and replaced with the following: 

"(a)
Minimum Tangible Net Worth. Celestica shall maintain, at all times, a minimum Tangible Net Worth in an amount that shall not be less than an amount
equal to the sum of U.S.$ 1,600,000,000, plus 50% of cumulative annual positive Net Income commencing with the fiscal year ending December 31, 2003 and in each subsequent fiscal year,
subject to the 

2

 

following
sentence. The minimum Tangible Net Worth that must be maintained by Celestica shall be reduced by an amount equal to the aggregate purchase price paid for subordinate voting shares in the
capital of Celestica purchased at Arm's Length by Celestica commencing October 1, 2003, subject to an aggregate limit on such amount deducted on account of such share purchases since
October 1, 2003, of U.S.$ 250,000,000. For clarity, the foregoing limit of U.S.$ 250,000,000 shall not in any way be interpreted as limiting or restricting Celestica's ability to
spend more than U.S.$ 250,000,000 to purchase subordinate voting shares in the capital of Celestica at Arm's Length."; and 

	(b)
	Exhibit 1
to Schedule D to the Credit Agreement is hereby deleted and replaced with Exhibit 1 to this Agreement. 

ARTICLE 3

CONDITIONS PRECEDENT  

3.1   Conditions for Closing  

        The following conditions shall be satisfied by the Borrowers contemporaneously with their execution and delivery of this Agreement: 

	(a)
	each
Borrower shall have duly authorized, executed and delivered to the Administrative Agent each of the Loan Documents to which it is a party and which is required to be delivered
pursuant to this Agreement, and each such Loan Document shall constitute a legal, valid and binding obligation of such Borrower, enforceable against such Borrower in accordance with its terms;

	(b)
	each
Borrower shall have delivered to the Administrative Agent:

	(i)
	a
certified copy of its Organic Documents;

	(ii)
	a
certified copy of the resolutions authorizing it to enter into, execute and deliver the Loan Documents to which it is a party and to perform its obligations
thereunder;

	(iii)
	a
certificate as to the incumbency of its officers signing the Loan Documents to which it is a party; and

	(iv)
	a
certificate of status, good standing or like certificate with respect to such Borrower issued by the appropriate government officials of the jurisdiction of its
incorporation;

	(c)
	there
shall have been no Material Adverse Change since September 30, 2003;

	(d)
	no
Default or Event of Default shall have occurred and be continuing;

	(e)
	opinions
of Borrowers' Counsel, in form and substance satisfactory to the Lenders' counsel and the Administrative Agent, acting reasonably, shall have been delivered to the
Administrative Agent;

	(f)
	the
Borrowers shall have paid all fees and expenses that are due to the Administrative Agent or the Lenders and related to the Facility and this Agreement; and

	(g)
	Celestica,
on behalf of itself and International, shall pay to the Administrative Agent for the account of the Lenders who have consented to this Agreement an amendment fee of 10
basis points on the aggregate Commitments. 

3

 

3.2   Conditions for Material Restricted Subsidiaries  

        The following conditions shall be satisfied by the Material Restricted Subsidiaries within forty-five (45) days of the date of this Agreement,
or such later date as Celestica and the Administrative Agent, for and on behalf of the Lenders, may agree: 

	(a)
	opinions
of local counsel to each Material Restricted Subsidiary, in form and substance satisfactory to the Lenders' Counsel and the Administrative Agent, acting reasonably, shall
have been delivered to the Administrative Agent; and

	(b)
	each
Material Restricted Subsidiary shall have delivered to the Administrative Agent all documents, agreements, instruments and certificates requested by the Administrative Agent or
the Lenders' Counsel, acting reasonably. 

        The
conditions set forth in this Article 3 are inserted for the sole benefit of the Lenders and may be waived by the Administrative Agent on behalf of the Lenders in whole or in
part, with or without terms or conditions. 

ARTICLE 4

GENERAL  

4.1   Survival  

        All covenants, agreements, representations and warranties made herein or in the Credit Agreement or in certificates delivered in connection with the Credit
Agreement by or on behalf of the Borrowers and each Guarantor shall survive the execution and delivery of this Agreement and shall continue in full force and effect so long as there is any obligation
of the Borrowers and each Guarantor to the Agents and the Lenders under the Credit Agreement. 

4.2   Benefit of the Agreement  

        This Agreement shall enure to the benefit of and be binding upon the successors and permitted assigns of the Borrowers and the successors and permitted assigns of
the Administrative Agent and the Lenders. 

4.3   Governing Law  

        This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and the laws of Canada applicable therein. The
Administrative Agent, Lenders and Borrowers agree that any legal suit, action or proceeding arising out of this Agreement, the Credit Agreement or any Loan Document may be instituted in the courts of
the Province of Ontario, and the Administrative Agent, Lenders and Borrowers hereby accept and irrevocably submit to the nonexclusive jurisdiction of said courts and acknowledge their competence and
agree to be bound by any judgment thereof. 

4.4   Further Assurances  

        Each Obligor shall promptly cure any default in its execution and delivery of this Agreement or in any of the other instruments referred to or contemplated herein
to which it is a party. Each Obligor, at its expense, will promptly execute and deliver, or cause to be executed and delivered, to the Administrative Agent, upon request, all such other and further
documents, agreements, certificates and instruments in compliance with, or accomplishment of the covenants and agreements of such Obligor hereunder or more fully to state the obligations of such
Obligor as set out herein or to make any recording, file any notice or obtain any consents, all as may be necessary or appropriate in connection therewith. 

4

 

4.5   No Waiver, etc.  

        The execution, delivery and effectiveness of this Agreement shall not, except as expressly provided, operate as a waiver of any right, power or remedy of the
Administrative Agent or any of the Lenders under any of the Loan Documents nor constitute a waiver of any provision of any of the Loan Documents. 

4.6   Execution in Counterparts  

        This Agreement may be executed in counterparts, each of which shall be considered an original and all of which taken together shall constitute a single agreement. 

5

 

        IN WITNESS WHEREOF the Borrowers, the Lenders and the Administrative Agent have executed this Agreement. 

	 	 	CELESTICA INC.
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  GRAHAM THOURET      
 Name: Graham Thouret

Title: Senior Vice President — Finance
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  PAUL NICOLETTI      
 Name: Paul Nicoletti

Title: Vice President and Corporate Treasurer

	 	 	 	 	 
	 	 	 	 	 
	 	 	CELESTICA INTERNATIONAL INC.
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  GRAHAM THOURET      
 Name: Graham Thouret

Title: Senior Vice President — Finance
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  PAUL NICOLETTI      
 Name: Paul Nicoletti

Title: Vice President and Corporate Treasurer

	 	 	 	 	 
	 	 	THE BANK OF NOVA SCOTIA,

as Administrative Agent
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  ANUJ DHAWAN      
 Name: Anuj Dhawan

Title: Associate Director
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  ALASTAIR BORTHWICK      
 Name: Alastair Borthwick

Title: Director

6

 

	 	 	THE BANK OF NOVA SCOTIA
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  STEVE TORRENS      
 Name: Steve Torrens

Title: Managing Director, Corporate Banking — Communications & Technology
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  DEREK ORANGE      
 Name: Derek Orange

Title: Associate Director, Corporate Banking — Communications & Technology
	 	 	 	 	 

	 	 	 	 	 
	 	 	BANK OF AMERICA, NATIONAL ASSOCIATION, CANADA BRANCH
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  NELSON LAM      
 Name: Nelson Lam

Title: Vice-President
	 	 	 	 	 

	 	 	 	 	 
	 	 	ROYAL BANK OF CANADA
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  STEPHANIE BABICH-ALLEGRA      
 Name: Stephanie Babich-Allegra

Title: Authorized Signatory
	 	 	 	 	 

7

 
Signature Page for Canadian Imperial Bank of Commerce, as Lender  

	 	 	 	 	 
	 	 	CANADIAN IMPERIAL BANK OF COMMERCE
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  STEVE NISHIMURA      
 Name: Steve Nishimura

Title: Executive Director
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  DAVID J. COHEN      
 Name: David J. Cohen

Title: Director
	 	 	 	 	 

Signature Page for Citibank N.A., Canada Branch, as Lender  

	 	 	 	 	 
	 	 	CITIBANK N.A., CANADA BRANCH
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  DALJEET LAMBA      
 Name: Daljeet Lamba

Title: Authorized Signatory
	 	 	 	 	 

Signature Page for Credit Suisse First Boston, Toronto Branch, as Lender  

	 	 	 	 	 
	 	 	CREDIT SUISSE FIRST BOSTON, TORONTO BRANCH
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  ALAIN DAOUST      
 Name: Alain Daoust

Title: Director
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  PETER CHAUVIN      
 Name: Peter Chauvin

Title: Vice President

8

 
Signature Page for Deutsche Bank AG, Canada Branch, as Lender  

	 	 	 	 	 
	 	 	DEUTSCHE BANK AG, CANADA BRANCH
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  ROBERT A. JOHNSON      
 Name: Robert A. Johnson

Title: Vice President
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  MARIA GOZEN      
 Name: Maria Gozen

Title: Vice President
	 	 	 	 	 

Signature Page for Bank of Nova Scotia (on its own account),

as Lender in respect of the Commitment of The Royal Bank of Scotland Plc  

	 	 	 	 	 
	 	 	THE BANK OF NOVA SCOTIA (on its own account and not as agent), as Lender in respect of the Commitment of The Royal Bank of Scotland Plc
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  STEVE TORRENS      
 Name: Steve Torrens

Title: Managing Director, Corporate Banking — Communications & Technology
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  DEREK ORANGE      
 Name: Derek Orange

Title: Associate Director, Corporate Banking — Communications & Technology
	 	 	 	 	 

Signature Page for National Bank of Canada, as Lender  

	 	 	 	 	 
	 	 	NATIONAL BANK OF CANADA
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  ED SUSTAR      
 Name: Ed Sustar

Title: Vice President
	 	 	 	 	 
	

 	
 	

By:	
 	

/s/  IAN GILLESPIE      
 Name: Ian Gillespie

Title: Vice President

9

 
 

EXHIBIT 1 TO FIRST AMENDMENT TO AMENDED AND
  RESTATED FOUR YEAR REVOLVING TERM CREDIT AGREEMENT
  
    EXHIBIT 1
  
    Calculation of Tangible Net Worth  
    

	1.	 	Capital stock	 	$	 	 
	2.	 	Preferred stock	 	$	 	 
	3.	 	Paid-in capital	 	$	 	 
	4.	 	Retained earnings	 	$	 	 
	5.	 	Cumulative translation adjustment (positive or negative)	 	$	 	 
	6.	 	Patents, patent applications, trade-marks, service marks, industrial designs, copyright and trade-marks	 	($	 	)
	7.	 	Goodwill and other intangibles	 	($	 	)
	8.	 	Any equity in, loan to or other investment or interest in an Unrestricted Subsidiary whatsoever	 	($	 	)
	 	 	 	 	
	 
	 	 	    Tangible Net Worth	 	$	 	 
	
Calculation of Covenant Level	
 
	

9.	
 	

Opening Tangible Net Worth as set out in Section 9.3(a)	
 	
$	

 	
 
	10.	 	Plus 50% of cumulative annual consolidated positive Net Income, commencing with the fiscal year ending December 31, 2003	 	$	 	 
	11.	 	Less aggregate purchase price paid for subordinate voting shares in the capital of Celestica purchased at Arm's Length by Celestica, commencing October 1, 2003 (subject to an aggregate deduction limit of
U.S. $250,000,000), as set out in Annex A	 	($	 	)
	 	 	 	 	
	 
	 	 	    Total	 	$	 	 

 
 

ANNEX A
  TO EXHIBIT 1    
    

 
 

Aggregate Purchase Price for Subordinate Voting Shares in the Capital of Celestica
  Purchased at Arm's Length by Celestica    
    

	During all fiscal quarters commencing October 1, 2003, to and including the fiscal quarter commencing:	 	 	 
	 	    •    (1)	 	$	•
	Plus fiscal quarter commencing:	 	 	 
	 	    •    (2)	 	$	•
	Total	 	$	•

	(1)
	All
previous fiscal quarters, commencing on October 1, 2003, up to and including the fiscal quarter immediately prior to the most recently completed fiscal quarter. 
	(2)
	The
most recently completed fiscal quarter, which is the subject of the Quarterly Certificate on Covenants to which this Exhibit and Annex are attached. 

QuickLinks

FIRST AMENDMENT TO AMENDED AND RESTATED FOUR YEAR REVOLVING TERM CREDIT AGREEMENT

EXHIBIT 1 TO FIRST AMENDMENT TO AMENDED AND RESTATED FOUR YEAR REVOLVING TERM CREDIT AGREEMENT EXHIBIT 1 Calculation of Tangible Net Worth

ANNEX A TO EXHIBIT 1

Aggregate Purchase Price for Subordinate Voting Shares in the Capital of Celestica Purchased at Arm's Length by CelesticaQuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.1  

 
 

AMENDED AND RESTATED MANAGEMENT SERVICES AGREEMENT  
    

        MEMORANDUM OF AGREEMENT made as of the 1st day of July 2003. 

B
E T W E E N: 

	 
	 	 
	 	 

	 	 	CELESTICA INTERNATIONAL INC.,

a corporation existing under the laws of the

Province of Ontario,	 	 
	 	 	 	 	OF THE FIRST PART,
	

 	
 	

— and —	
 	

 
	

 	
 	
CELESTICA INC.,

a corporation existing under the laws of the

Province of Ontario,	
 	

 
	 	 	 	 	OF THE SECOND PART,
	

 	
 	

— and —	
 	

 
	

 	
 	
ONEX CORPORATION,

a corporation existing under the laws of the

Province of Ontario,	
 	

 
	

 	
 	

(hereinafter referred to as "Onex"),	
 	

 
	 	 	 	 	OF THE THIRD PART.

                                WHEREAS
Onex is a corporation with substantial experience in strategic planning, business planning, financial matters, raising capital, negotiating business arrangements
and other business management and administration matters; 

                                AND
WHEREAS each of Celestica International Inc. (formerly Celestica North America Inc.) and Celestica Inc. (collectively, "Celestica") desires to
avail itself of the experience, sources of information, advice, assistance and personnel of and available to Onex; 

                                AND
WHEREAS Celestica and Onex entered into this management services agreement dated as of July 7, 1998 (the "Original Agreement"); 

                                AND
WHEREAS Celestica and Onex desire to amend and restate the Original Agreement effective as of the date hereof; 

                                NOW
THEREFORE this agreement witnesses that in consideration of the respective covenants contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties covenant and agree as follows: 

1.    Scope of Services.    Onex hereby agrees to provide to Celestica on a continuing basis, through
personnel of Onex or, at Onex's discretion, the personnel of subsidiaries of Onex, management, administrative, strategic planning, financial and support services relating to Celestica and its
subsidiaries of such nature as Celestica may reasonably require from time to time having regard to Onex's experience, expertise and personnel or the personnel of its subsidiaries, as the case may be. 

2.    Sourcing of Services.    For greater certainty, under no circumstances shall Onex be obligated to
provide to Celestica or its subsidiaries the services of outside professionals or consultants in fulfilling the obligations of Onex set forth herein. In no circumstances shall Celestica be prevented
from seeking similar services from third parties, any such services to be paid for by Celestica. 

3.    Fees.    In consideration of the services to be rendered by Onex as described herein, Celestica
shall pay to Onex a base fee (the "Base Fee") and a performance incentive fee, if any (the "Incentive Fee"), in each case determined and paid as set out below. 

	(a)
	Base
Fee.    The Base Fee payable to Onex in respect of each of the following periods shall be as set out opposite such period below: 

	Period
 
	 	Amount

	Six months ending December 31, 2003	 	U.S.$250,000
	Year ending December 31, 2004	 	U.S.$500,000
	Year ending December 31, 2005	 	U.S.$1,000,000
	Year ending December 31, 2006	 	U.S.$1,000,000
	Year ending December 31, 2007	 	U.S.$1,000,000
	Year ending December 31, 2008	 	U.S.$1,000,000

The
Base Fee shall be payable in equal quarterly instalments in arrears on the last business day of March, June, September and December each year. 

	(b)
	Incentive
Fee.    The Incentive Fee payable to Onex in respect of any calendar year will be determined in accordance with the following formula: 

	 
	 	 
	 	 
	 	 

	Incentive Fee =	 	A

B	 	×	 	C
	where:	 	 	 	 	 	 

	 
	 	 

	A =	 	the aggregate amount (the "Bonus Amount") of the annual bonuses (excluding any personal performance factor adjustments) in respect of such calendar year paid to the five executive officers of Celestica (including
subsidiaries) who are most highly compensated under its regular compensation plans (the "Executive Officers");
	B =	 	the aggregate amount (the "Target Amount") of the target bonus amounts in respect of such calendar year for the Executive Officers determined by the Compensation Committee of Celestica Inc.; and
	C =	 	the aggregate Base Fee payable in respect of such calendar year, which, for greater certainty, shall be U.S.$250,000 for the year ending December 31, 2003.

The
Incentive Fee shall be payable on the date when annual bonuses are generally paid to the Executive Officers in accordance with Celestica's then-current policies. 

No
Incentive Fee shall be payable in respect of the year ending December 31, 2003 if the Bonus Amount for such year is less than the Target Amount for such year. No Incentive Fee shall be
payable in respect of any period if the cumulative aggregate of the Base Fees and Incentive Fees paid to Onex in respect of prior periods ending after June 30, 2003 exceeds U.S.$10,000,000. 

	(c)
	Interest
on any payable and unpaid amounts shall be payable at the annual rate of interest announced from time to time by Bank of Nova Scotia as being its prime rate of interest used
by it as a reference rate for commercial loans made in Canadian dollars within Canada adjusted on a daily basis for changes in that rate (such interest to be payable on demand by Onex).

	(d)
	The
Base Fee and the Incentive Fee shall be allocated between and payable by Celestica International Inc. and Celestica Inc. in such proportion as they determine, having
regard to the benefits that each of them receives from the provision of the services contemplated herein. 

4.    Change in Control.    In the event of a Change in Control, Celestica shall pay to Onex an amount
(the "Change in Control Amount") equal to U.S.$10,000,000 minus the aggregate amount of the Base 

Fees
and the Incentive Fees paid to Onex under this Agreement after July 1, 2003 and before the date of the Change in Control (the "Change in Control Date"). 

        No
further Base Fees or Incentive Fees shall be payable to Onex under this Agreement after the Change in Control Date. The Change in Control Amount shall be payable to Onex on the date
that is 30 calendar days after the Change in Control Date. This agreement shall automatically terminate upon the payment of the Change in Control Amount. 

        For
the purposes of this section 4, "Change in Control" means the acquisition by any person (other than Onex or an affiliate of Onex) of beneficial ownership of more than 50% of
the outstanding equity securities of Celestica Inc. or any successor company pursuant to an offer to acquire all of the equity securities of such company. 

5.    Expenses.    Celestica shall pay to Onex, as and when invoiced from time to time, the reasonable
out-of-pocket expenses incurred in connection with any services provided by Onex to Celestica pursuant to this agreement, including the fees and disbursements of Onex's legal
counsel to the extent that legal services are provided to Onex in connection with Onex's performance
of its obligations to Celestica under this Agreement and provided such fees are reasonable in the circumstances. 

6.    Additional Services.    From time to time hereafter, Celestica may request that Onex provide to
Celestica or any of Celestica's subsidiaries services in addition to those contemplated in section 1 above. Onex may agree or not agree to provide such services in its sole discretion and may
elect to provide such services without charging additional consideration therefor or may charge such fees in connection therewith as may be agreed to between Onex and Celestica. If Celestica uses Onex
management personnel to provide investment banking or financial advice in connection with any acquisition, Onex will be entitled to receive fees consistent, in the determination of the board of
directors of Celestica Inc., with fees typically paid for financial advice in such circumstances to investment bankers or other expert advisors at arm's-length to Celestica. 

7.    Responsibility.    Onex assumes no responsibility to Celestica hereunder other than as expressly
set forth herein. Onex shall not be liable to Celestica hereunder except where Onex has acted in bad faith or has been grossly negligent in the performance of its obligations hereunder. 

8.    Goods and Services Tax ("GST") Elections.    Celestica agrees to cooperate with Onex in making
any election in connection with GST that would otherwise be exigible in respect of the services provided hereunder and the consideration paid therefor, provided such election is made in accordance
with applicable law. 

9.    Term.    This agreement shall terminate on December 31, 2008. 

10.    Automatic Termination.    Subject to section 4 above, this agreement shall terminate
automatically and the rights of Onex to receive fees (other than accrued and unpaid fees) will terminate 30 days after the first day on which Onex ceases to hold at least one multiple voting
share in the capital of Celestica Inc. or any successor company. 

11.    Notice.    Any notice required or permitted to be given under this agreement and shall be given
by delivering the same or by sending it by facsimile transmission, in the case of Onex, to 161 Bay Street, 49th Floor, Canada Trust Tower, Toronto, Ontario, M5J 2S1, Attention: Anthony Melman
or Donald Lewtas, fax: (416) 362-5765 and in the case of either Celestica International Inc. or Celestica Inc. to 1150 Eglinton Avenue East, Toronto, Ontario,
M3C 1H7, Attention: Chairman and Chief Executive Officer, fax: (416) 448-4758. A notice so given shall be deemed to have been given and received on the business day on which
it is delivered or sent by facsimile transmission. Either party may change its address for service from time to time by notice given in accordance with the foregoing. 

12.    Entire Agreement.    This agreement constitutes the entire agreement between the parties hereto
relating to the subject matter hereof. This agreement may not be amended or modified in any way except by the written consent of the parties hereto. 

13.    Enurement.    The provisions of this agreement shall enure to the benefit of and be binding on
the parties hereto and their respective successors and permitted assigns. This agreement may not be assigned by Celestica without the prior written consent of Onex. Onex may, without the consent of
Celestica, assign all or some part of the benefit and its obligations under this agreement to one or more affiliates of Onex. 

14.    Further Assurance.    Each party shall from time to time and at all times hereafter do such
further acts and things and execute such further documents and instruments as shall be reasonably required in order to perform fully and carry out the terms of this agreement. 

15.    Time of the Essence.    Time shall be of the essence of this agreement. 

16.    Governing Law.    This agreement shall be governed by and construed in accordance with the laws
of the Province of Ontario and the federal laws of Canada applicable therein, and the parties hereto hereby irrevocably attorn to the non-exclusive jurisdiction of the courts of the
Province of Ontario. 

17.    Execution in Counterparts.    This agreement may be executed in counterparts, each of which
shall constitute an original, and all of which taken together shall constitute one and the same instrument. 

                                IN
WITNESS WHEREOF this agreement has been executed by the parties hereto as of the date first above written. 

	

 	
 	
CELESTICA INTERNATIONAL INC.
	

 	
 	

By:	
 	

/s/  EUGENE V. POLISTUK      
 Name: Eugene V. Polistuk

Title: Chief Executive Office
	

 	
 	
CELESTICA INC.
	

 	
 	

By:	
 	

/s/  EUGENE V. POLISTUK      
 Name: Eugene V. Polistuk

Title: Chief Executive Officer
	

 	
 	
ONEX CORPORATION
	

 	
 	

By:	
 	

/s/  ANTHONY R. MELMAN      
 Name: Anthony R. Melman

Title: Managing Director
	

 	
 	

By:	
 	

/s/  DONALD LEWTAS      
 Name: Donald Lewtas

Title: Vice President

QuickLinks

AMENDED AND RESTATED MANAGEMENT SERVICES AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]