Document:

exv10w1

EXHIBIT 10.1

FOURTH AMENDMENT

TO REVOLVING CREDIT AND TERM LOAN AGREEMENT

     THIS FOURTH AMENDMENT TO REVOLVING CREDIT AND TERM LOAN AGREEMENT (“Fourth Amendment”), dated
as of March 31, 2011, is made and entered into by and among MOTORCAR PARTS OF AMERICA, INC., a New
York corporation (“Borrower”), UNION BANK, N.A., a national banking association, in its capacity as
Administrative Agent (“Administrative Agent”), UNION BANK, N.A., a national banking association, in
its capacity as a Lender (“Union Bank”), and BRANCH BANKING & TRUST COMPANY, a North Carolina
banking corporation, in its capacity as a Lender (“BB&T”) (Union Bank and BB&T herein called
“Lenders”).

RECITALS:

     A. Borrower, Administrative Agent and Lenders are parties to that certain Revolving Credit
and Term Loan Agreement dated as of October 28, 2009, as amended by (i) that certain First
Amendment dated as of May 12, 2010, (ii) that certain consent letter dated October 26, 2010, (iii)
that certain Second Amendment dated as of November 3, 2010 and (iv) that certain Third Amendment
dated as of December 6, 2010 (as so amended, the “Agreement”), pursuant to which each Lender
severally agreed to extend credit to Borrower in the amounts provided for therein.

     B. Borrower, Administrative Agent and Lenders desire to (i) increase the Revolving Credit
Commitments (as such term is defined in Section 1.1 of the Agreement) of Revolving Loan Lenders
from Thirty-Five Million Dollars ($35,000,000) to Fifty Million Dollars ($50,000,000) and (ii)
amend the definition of “Permitted Acquisition” appearing in Section 1.1 of the Agreement in
certain respects, subject, however, to the terms and conditions of this Fourth Amendment.

AGREEMENT:

     In consideration of the above recitals and of the mutual covenants and conditions contained
herein, Borrower, Administrative Agent and Lenders agree as follows:

1. Defined Terms. Initially capitalized terms used herein which are not otherwise defined
shall have the meanings assigned thereto in the Agreement.

2. Amendment To Definition Of “Permitted Acquisition”. Subparagraphs (iv) and (v) of the
definition of “Permitted Acquisition” appearing in Section 1.1 of the Agreement are hereby amended
to read in full as follows:

          “...(iv) the aggregate consideration paid by acquirer in connection with any such single
Acquisition shall not exceed Five Hundred Thousand Dollars ($500,000); and (v) the aggregate
consideration paid by acquirer in connection with all such Acquisitions made
after the effective date of the Fourth Amendment to this Agreement shall not exceed One Million
Dollars ($1,000,000).”

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3. Replacement Of Schedule 1.1C To The Agreement. Schedule 1.1C to the Agreement is hereby
replaced with Schedule 1.1C to this Fourth Amendment. As set forth in replacement Schedule 1.1C,
the Revolving Loan Lenders’ Revolving Credit Commitments are increased from Thirty-Five Million
Dollars ($35,000,000) to Fifty Million Dollars ($50,000,000) and each Revolving Loan Lender’s
Revolving Credit Commitment is hereby increased to the amount indicated next to such Revolving Loan
Lender’s name in Schedule 1.1C under the heading “Revolving Credit Commitments.”

4. Effectiveness Of This Fourth Amendment. This Fourth Amendment shall become effective as
of the date hereof when, and only when, Administrative Agent shall have received all of the
following, in form and substance satisfactory to Administrative Agent:

     (a) A counterpart of this Fourth Amendment, duly executed by Borrower;

     (b) A replacement Revolving Note, duly executed by Borrower in favor of Union Bank;

     (c) A replacement Revolving Note, duly executed by Borrower in favor of BB&T;

     (d) A commitment fee in connection with the increase of the Revolving Credit Commitments
provided for herein, in the aggregate amount of Seventy-Five Thousand Dollars ($75,000), payable to
the Administrative Agent for the ratable account of the Revolving Loan Lenders, which commitment
fee shall be non-refundable;

     (e) A reasonable legal documentation fee, for the sole account of the Administrative Agent,
which reasonable legal documentation fee shall be non-refundable; and

     (f) Such other documents, instruments or agreements as Administrative Agent may reasonably
deem necessary in order to effect fully this Fourth Amendment.

5. Ratification.

     (a) Except as specifically amended hereinabove, the Agreement shall remain in full force and
effect and is hereby ratified and confirmed; and

     (b) Upon the effectiveness of this Fourth Amendment, each reference in the Agreement to “this
Agreement”, “hereunder”, “herein”, “hereof” or words of like import referring to the Agreement
shall mean and be a reference to the Agreement as amended by this Fourth Amendment, and each
reference in the Agreement to the “Revolving Notes” or words of like import referring to the
Revolving Notes shall mean the replacement Revolving Notes issued by Borrower in favor of Lenders
pursuant to this Fourth Amendment.

6. Representations and Warranties. Borrower represents and warrants as follows:

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     (a) Each of the representations and warranties contained in Article 5 of the Agreement, as
amended hereby, is hereby reaffirmed as of the date hereof, each as if set forth herein;

     (b) The execution, delivery and performance of this Fourth Amendment and the execution and
delivery of the replacement Revolving Notes are within Borrower’s corporate powers, have been duly
authorized by all necessary corporate action, have received all necessary approvals, if any, and do
not contravene any law or any contractual restriction binding on Borrower; and

     (c) No event has occurred and is continuing or would result from this Fourth Amendment which
constitutes an Event of Default under the Agreement, or would constitute an Event of Default under
the Agreement, but for the requirement that notice be given or time elapse or both.

7. Date Corrections.

     (a) Each reference that appears in all prior amendments to the Agreement to the First
Amendment to the Agreement (or words of like import referring to the First Amendment to the
Agreement) shall henceforth mean and refer to the First Amendment dated as of May 12, 2010.

     (b) Reference is hereby made to (i) that certain consent letter dated August 24, 2010,
executed by Union Bank, as Administrative Agent and Lender, and by BB&T, as Lender, and
acknowledged by Borrower, and (ii) that certain consent letter dated October 26, 2010, executed by
Union Bank, as Administrative Agent and Lender, and by BB&T, as Lender, and acknowledged by
Borrower (collectively, the “Consent Letters”). Each of the Consent Letters incorrectly states, in
paragraph one thereof, that the First Amendment to the Agreement was dated as of April 2, 2010.
The correct date of the First Amendment to the Agreement was as of May 12, 2010, and therefore each
reference in the Consent Letters to the First Amendment to the Agreement shall henceforth mean and
refer to the First Amendment dated as of May 12, 2010.

8. Governing Law. This Fourth Amendment shall be deemed a contract under and subject to,
and shall be construed for all purposes and in accordance with, the laws of the State of
California.

9. Counterparts. This Fourth Amendment may be executed in two or more counterparts, each
of which shall be deemed an original and all of which together shall constitute one and the same
instrument.

[SIGNATURES BEGIN ON THE FOLLOWING PAGE]

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     IN WITNESS WHEREOF, the parties hereto have executed this Fourth Amendment as of the date and
year first above written.

	 	 	 	 	 
	MOTORCAR PARTS OF AMERICA, INC.,

as Borrower

 	 
	By:  	/s/ Selwyn Joffe
 	 
	 	 	Selwyn Joffe 	 
	 	 	Chief Executive Officer 	 
	 
	UNION BANK, N.A.,

in its capacity as Administrative Agent and as a Lender

 	 
	By:  	/s/ Cary L. Moore
 	 
	 	 	Cary L. Moore 	 
	 	 	Senior Vice President 	 
	 
	BRANCH BANKING & TRUST COMPANY,

in its capacity as a Lender

 	 
	By:  	/s/ Matthew Grau
 	 
	 	 	Matthew Grau 	 
	 	 	Banking Officer 	 

4exv10w2

	 	 	 	 	 

EXHIBIT 10.2

REVOLVING NOTE

	 	 	 
	$33,333,333.34
	 	March 31, 2011

          FOR VALUE RECEIVED, the undersigned, MOTORCAR PARTS OF AMERICA, INC., a New York corporation
(“Borrower”), hereby promises to pay to the order of UNION BANK, N.A., a national banking
association (“Payee”), on or before the Revolving Loans Maturity Date, in lawful money of
the United States of America and in immediately available funds, the principal sum of THIRTY-THREE
MILLION THREE HUNDRED THIRTY-THREE THOUSAND THREE HUNDRED THIRTY-THREE AND 34/100THS DOLLARS
($33,333,333.34), or such lesser sum as shall equal the aggregate outstanding principal amount of
the Revolving Loans made by Payee to Borrower pursuant to the Credit Agreement (as defined below).

          Borrower further promises to make principal reduction payments on the outstanding principal amount
of this Revolving Note (this “Note”) in the amounts and on the dates specified in the
Credit Agreement.

          Borrower further promises to pay interest on the outstanding principal amount of this Note at such
rates of interest, including the Default Rate, if applicable, and at such dates as are specified in
the Credit Agreement.

          Except as otherwise provided in the Credit Agreement, if any payment or prepayment on this Note
becomes due and payable on a day other than a Business Day, the due date thereof shall be extended
to the next succeeding Business Day and, with respect to payments of principal, interest thereon
shall be payable at the then applicable rate during such extension.

          Borrower shall make all payments due hereunder to Administrative Agent for the account of Payee in
immediately available Dollars, not later than 12:00 p.m., Pacific time, on the day of payment, by
wire transfer pursuant to the wire instructions set forth below or pursuant to such other wire
instructions as Administrative Agent may from time to time specify by notice to Borrower:

Union Bank, N.A.

ABA#: 122-000-496

Account#: 77070196431

Account: Wire Transfer Clearing

Attn: Commercial Loan Operations

          Upon the occurrence and during the continuance of an Event of Default, this Note may, without
demand, notice, or legal process of any kind, except as otherwise provided by Section 8.2
of the Credit Agreement, be declared, and upon such declaration immediately shall become, or upon
certain circumstances set forth in the Credit Agreement may become without declaration, due and
payable.

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          Capitalized terms or matters of construction defined or established in Article 1 of the Revolving
Credit and Term Loan Agreement dated as of October 28, 2009, by and among the Lenders, Union Bank,
N.A., as Administrative Agent for the Lenders, and
Borrower (including all annexes, exhibits and schedules thereto, and as the same may be
subsequently amended, restated, supplemented, or otherwise modified from time to time, the
“Credit Agreement”), shall be applied herein as defined or established therein. This Note
is issued pursuant to the Credit Agreement, is one of the “Revolving Notes” referred to therein,
and is entitled to the benefit and security of the Loan Documents provided for therein, to which a
reference is hereby made for a statement of all of the terms and conditions under which the
Revolving Loans are made and are to be repaid. All of the terms, covenants, and conditions of the
Credit Agreement and all other instruments evidencing or securing the Obligations hereunder,
including the Loan Documents, are hereby made a part of this Note and are deemed incorporated
herein in full. The principal balance of the Revolving Loans owing to Payee, the rates of interest
applicable thereto and the date and amount of each payment made on account of the principal thereof
shall be recorded by Payee and Administrative Agent on their respective books and records;
provided, that the failure by Payee or Administrative Agent to make any such recordation
shall not affect the obligations of Borrower to make payment when due of any amount owing under the
Loan Documents in respect of the Revolving Loans owed to Payee.

          This Note is secured by the liens and security interests granted to Administrative Agent for the
benefit of Lenders and Bank Product Providers pursuant to the Loan Documents.

          Time is of the essence of this Note. To the fullest extent permitted by applicable law, Borrower
waives presentment for payment, notice of dishonor, protest and notice of protest.

          THIS NOTE IS SUBJECT TO THE TERMS OF ANY ALTERNATIVE DISPUTE RESOLUTION AGREEMENT NOW OR HEREAFTER
ENTERED INTO PURSUANT TO OR IN CONNECTION WITH THE CREDIT AGREEMENT.

          THIS NOTE SHALL BE GOVERNED BY, AND INTERPRETED AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF CALIFORNIA, WITHOUT REGARD FOR PRINCIPLES OF CONFLICT OF LAWS, AND ANY APPLICABLE LAWS OF
THE UNITED STATES OF AMERICA.

[remainder of page intentionally left blank]

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	 	MOTORCAR PARTS OF AMERICA, INC., 

a New York corporation

 	 
	 	By:  	/s/ Selwyn Joffe
 	 
	 	 	Name:  	Selwyn Joffe 	 
	 	 	Title:  	CEO 	 
	 

Revolving Note-Union Bank

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