SEC Contract Filing

Filing Date: 2016-09-06

Document Content:
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<TYPE>EX-10.7
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<FILENAME>d242623dex107.htm
<DESCRIPTION>EX-10.7
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.7 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 2 TO THE MHR SETTLEMENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Amendment to the MHR Settlement Agreement (the &#147;<U>Amendment No.&nbsp;2</U>&#148;) is made and entered into as of September&nbsp;5,
2016, by and among the persons and entities listed on <U>Schedule A</U> hereto (collectively, the &#147;<U>MHR Group</U>&#148;, and individually a &#147;member&#148; of the MHR Group) and Navistar International Corporation, a Delaware corporation
(the &#147;<U>Company</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the MHR Group and the Company are parties to that certain Settlement Agreement, effective as
of October&nbsp;5, 2012, by and among the persons and entities listed on <U>Schedule A</U> thereto and the Company, as amended by Amendment No.&nbsp;1 to the Settlement Agreement, effective as of July&nbsp;14, 2013 (the &#147;<U>MHR Settlement
Agreement</U>&#148;). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the MHR Settlement Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as
follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. The parties hereto hereby agree to amend and restate the last sentence of Section&nbsp;1(c)(v) of the MHR Settlement
Agreement as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;The Company agrees that, from and after September&nbsp;5, 2016, so long as an MHR Nominee is a member of the
Board, the Company shall not take any action, or support any person who is seeking, to increase the size of the Board above twelve (12)&nbsp;directors, each having one vote on all matters; and&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. The parties hereto hereby agree to amend and restate the notice address of the MHR Group in Section&nbsp;14 of the MHR Settlement Agreement
as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">MHR Fund Management LLC </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">1345 Avenue of the Americas, 42<SUP STYLE="font-size:85%; vertical-align:top">nd</SUP> Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">New York, NY 10105 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Telephone:
(212)&nbsp;262-0005 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Facsimile: (212)&nbsp;262-9356 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Janet Yeung, Esq. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. Other than as expressly described in this Amendment, the MHR Settlement Agreement shall remain
in full force and effect. All references in and to the MHR Settlement Agreement (including any annexes, exhibits or schedules thereto) shall be deemed to be references to the MHR Settlement Agreement as amended by this Amendment No.&nbsp;2. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. This Amendment No.&nbsp;2 constitutes an amendment in writing executed by the parties to the MHR Settlement Agreement for purposes of
Section&nbsp;13 of the MHR Settlement Agreement. The terms and provisions of Sections 11 through 20 of the MHR Settlement Agreement are incorporated herein <I>mutatis mutandis</I>. The Company acknowledges that the MHR Group intends to file this
Amendment No.&nbsp;2 as an exhibit to its Schedule 13D. This Amendment No.&nbsp;2 may be executed in two or more counterparts which together shall constitute a single agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I></I>[<I>Signature Pages Follow</I>] <I> </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-2- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, each of the parties hereto has executed this Amendment, or caused the same to
be executed by its duly authorized representative as of the date first above written. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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