<SEC-DOCUMENT>0001140361-18-043483.txt : 20181120
<SEC-HEADER>0001140361-18-043483.hdr.sgml : 20181120
<ACCEPTANCE-DATETIME>20181120161300
ACCESSION NUMBER:		0001140361-18-043483
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20181114
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181120
DATE AS OF CHANGE:		20181120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MOTORCAR PARTS AMERICA INC
		CENTRAL INDEX KEY:			0000918251
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				112153962
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33861
		FILM NUMBER:		181195711

	BUSINESS ADDRESS:	
		STREET 1:		2929 CALIFORNIA STREET
		CITY:			TORRANCE
		STATE:			CA
		ZIP:			90503
		BUSINESS PHONE:		3109724015

	MAIL ADDRESS:	
		STREET 1:		2929 CALIFORNIA STREET
		CITY:			TORRANCE
		STATE:			CA
		ZIP:			90503

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MOTORCAR PARTS  AMERICA INC
		DATE OF NAME CHANGE:	20040112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MOTORCAR PARTS & ACCESSORIES INC
		DATE OF NAME CHANGE:	19940128
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
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<FILENAME>form8k.htm
<DESCRIPTION>8-K
<TEXT>
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    <div style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
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    <div style="text-align: center; font-size: 14pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
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    <div style="text-align: center; font-size: 12pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">Washington, D.C. 20549</font></div>
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    <div style="text-align: center; font-size: 18pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">Form 8-K</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">CURRENT REPORT</font></div>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Date of Report (Date of earliest event reported): <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>November 14, 2018</u></font></font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
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    <div style="text-align: center; font-size: 24pt;"><font style="font-family: &quot;Times New Roman&quot;; font-weight: bold;">Motorcar Parts of America, Inc.</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Exact name of registrant as specified in its charter)</font></div>
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            <div style="text-align: center;"><u><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">New York</font></font></u></div>
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            <div style="text-align: center;"><u><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">001-33861</font></font></u></div>
          </td>
          <td style="width: 33%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;"><u><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">11-2153962</font></font></u></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(State or other jurisdiction of incorporation)</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Commission File Number)</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(IRS Employer Identification No.)</font></div>
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            <div style="text-align: center;"><u><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">2929 California Street, Torrance CA</font></font></u></div>
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          <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 49%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;"><u><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';">90503</font></font></u></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Address of principal executive offices)</font></div>
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          <td style="width: 2%; vertical-align: top; background-color: #FFFFFF;">&#160;</td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(Zip Code)</font></div>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Registrant&#8217;s telephone number, including area code: <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>(310) 212-7910</u></font></font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
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    <div style="text-align: left; text-indent: 18pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
        any of the following provisions:</font></div>
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              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif;">&#9633;</font></font></div>
            </td>
            <td style="vertical-align: middle; width: auto; text-align: left;">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
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              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif;">&#9633;</font></font></div>
            </td>
            <td style="vertical-align: middle; width: auto; text-align: left;">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
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              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif;">&#9633;</font></font></div>
            </td>
            <td style="vertical-align: middle; width: auto; text-align: left;">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
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              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif;">&#9633;</font></font></div>
            </td>
            <td style="vertical-align: middle; width: auto; text-align: left;">
              <div><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405) or Rule
        12b-2 of the Securities Exchange Act of 1934 (17 CFR &#167;240.12b-2).</font></div>
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      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
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      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Emerging growth company <font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif;">&#9633;</font></font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
          revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif;">&#9633;</font></font></div>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item&#160;1.01.</font></div>
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              <div style="text-align: left; text-indent: 9pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Entry into a Material Definitive Agreement.</font></div>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On November 14, 2018, Motorcar Parts of America, Inc. (the &#8220;Company&#8221;) amended its Amended and Restated Revolving Credit, Term Loan and
        Security Agreement (as amended to date, the &#8220;Loan Agreement&#8221;) by entering into the First Amendment to Loan Agreement (the &#8220;First Amendment&#8221;) with D &amp; V Electronics Ltd., as the Canadian borrower, PNC Bank, National Association, as agent, and
        the financial institutions party thereto.&#160; The First Amendment, among other things, extends the due date for (a) the quarterly financial statements required to be delivered under the Loan Agreement for the quarter ended September 30, 2018 and (b)
        the monthly financial statements required to be delivered under the Loan Agreement for the month ended October 31, 2018 and the month ending November 30, 2018.</font></div>
    <div><br>
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    <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The foregoing summary of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the terms
        of the First Amendment, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.</font></div>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item&#160;3.01</font><font style="font-size: 10pt; font-family: 'Times New Roman';">.</font></div>
            </td>
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              <div style="text-align: left; text-indent: 9pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing</font></div>
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    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
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    <div style="text-align: justify; text-indent: 27pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">On November 20, 2018, the Company issued a press release relating to the receipt of a notice on November 15, 2018 from The Nasdaq Stock
        Market (&#8220;Nasdaq&#8221;) indicating that the Company is not in compliance with Nasdaq listing rules because the Company&#8217;s Form 10-Q for the quarter ended September 30, 2018 was not timely filed. The notice was issued in accordance with standard Nasdaq
        procedures as a result of the delayed filing.&#160; The Company is working diligently to complete its Form 10-Q and is also finalizing a plan for compliance to submit to Nasdaq no later than 60 calendar days from the date of the notice (or January 14,
        2019). A copy of the press release relating to the notice is attached as Exhibit 99.1 and is incorporated herein by reference.</font></div>
    <div style="text-align: justify; text-indent: 27pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: justify; text-indent: 27pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The Private Securities Litigation Reform Act of 1995 provides a &#8220;safe harbor&#8221; for certain forward-looking statements. The
        statements contained in this Form 8-K that are not historical facts, including but not limited to, statements regarding the time for the </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt;
          font-family: &quot;Times New Roman&quot;;">Company</font> to regain compliance with the Nasdaq listing rules, are forward-looking statements based on the Company&#8217;s current expectations and beliefs concerning future developments and their
        potential effects on the </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Company</font>. These forward-looking statements involve significant
        risks and uncertainties (some of which are beyond the control of the </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Company</font>) and are
        subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New
          Roman&quot;;">Company</font>&#8217;s Form 10-K Annual Report filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) in June 14, 2018 for additional risks and uncertainties facing the </font><font style="font-size: 10pt; font-family: &quot;Times
        New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Company</font>. The </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times
          New Roman&quot;;">Company</font> undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.</font></div>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Item&#160;9.01.</font></div>
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              <div style="text-align: left; text-indent: 9pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Financial Statements and Exhibits</font></div>
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              <div style="text-align: left; text-indent: 9pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">&#160;Exhibits</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Exhibit</font></div>
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">No.</font></div>
          </td>
          <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Description</font></div>
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          <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
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          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left; text-indent: 9pt;"><a href="ex10_1.htm"><font style="font-size: 10pt; font-family: &quot;Times New
                  Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">10.1</font></font></a></div>
          </td>
          <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">First Amendment to Amended and Restated Loan Agreement, dated as of November 14, 2018, among Motorcar Parts of America, Inc., D &amp; V Electronics
                Ltd., each lender from time to time party thereto, and PNC Bank, National Association, as administrative agent.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left; text-indent: 9pt;"><a href="ex99_1.htm"><font style="font-size: 10pt; font-family: &quot;Times New
                  Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">99.1</font></font></a></div>
          </td>
          <td style="width: 2%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
          <td style="width: 90%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Press Release dated November 20, 2018.</font></div>
          </td>
        </tr>

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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">SIGNATURES</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
    <div style="text-align: left; text-indent: 27pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
        by the undersigned hereunto duly authorized.</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><br>
    </div>
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        <tr>
          <td style="width: 50%; vertical-align: top; background-color: #FFFFFF;">&#160;</td>
          <td colspan="2" style="width: 50%; vertical-align: top; background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">MOTORCAR PARTS OF AMERICA, INC.</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; background-color: #FFFFFF;">&#160;</td>
          <td colspan="2" style="width: 50%; vertical-align: top; background-color: #FFFFFF;">&#160;</td>
        </tr>
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          <td style="width: 50%; vertical-align: top; background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Date: November 20, 2018</font></div>
          </td>
          <td style="width: 41%; vertical-align: top; background-color: #FFFFFF; border-bottom: #000000 2px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">/s/ Michael M. Umansky</font></div>
          </td>
          <td style="width: 9%; vertical-align: top; background-color: #FFFFFF;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; background-color: #FFFFFF;">&#160;</td>
          <td colspan="2" style="width: 50%; vertical-align: top; background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Michael M. Umansky</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; background-color: #FFFFFF;">&#160;</td>
          <td colspan="2" style="width: 50%; vertical-align: top; background-color: #FFFFFF;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Vice President and General Counsel</font></div>
          </td>
        </tr>

    </table>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10_1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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      <div style="text-align: center;">
        <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 10.1</font><br>
        </div>
        <div style="text-align: right;"><font style="font-weight: bold;"> <br>
          </font></div>
        <div style="text-align: right; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">EXECUTION VERSION</div>
      </div>
      <div style="text-align: center;"><font style="font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt;"><u> <br>
          </u></font></div>
      <div style="text-align: center;"><font style="font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt;"><u>FIRST AMENDMENT TO AMENDED AND RESTATED</u></font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>LOAN AGREEMENT</u></font></font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">This FIRST AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT, dated as of November 14, 2018 (this &#8220;<font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>First Amendment</u></font>&#8221;) to that certain Amended and Restated Revolving Credit, Term Loan and Security Agreement, dated as of June 5, 2018 (as amended, restated, amended and restated, refinanced,
          replaced, supplemented, modified or otherwise changed from time to time, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Loan Agreement</u></font>&#8221;), by and among Motorcar Parts of America, Inc., a corporation organized
          under the laws of the State of New York (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>MPA</u></font>&#8221;, and together with each Person organized under the laws of a State of the United States joined thereto as a borrower from
          time to time, collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>US Borrowers</u></font>&#8221;, and each, a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>US Borrower</u></font>&#8221;), D &amp; V
          Electronics Ltd., a corporation amalgamated and existing under the laws of the Province of British Columbia (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>D&amp;V</u></font>&#8221; and together with each Person organized under the
          laws of Canada joined thereto as a borrower from time to time, collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Canadian Borrowers</u></font>&#8221;, and each, a &#8220;<font style="font-size: 10pt; font-family: 'Times New
            Roman';"><u>Canadian Borrower</u></font>&#8221;; the Canadian Borrowers and the US Borrowers are referred to therein each as a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Borrower</u></font>&#8221; and collectively as &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Borrowers</u></font>&#8221;), each Person joined thereto as a guarantor from time to time, the financial institutions which are now or which thereafter become a party thereto (collectively,
          the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Lenders</u></font>&#8221; and each individually a &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Lender</u></font>&#8221;) and PNC BANK, NATIONAL ASSOCIATION (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>PNC</u></font>&#8221;), as agent for the Lenders (in such capacity, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Agent</u></font>&#8221;).</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">WHEREAS, Borrowers, Agent and the Required Lenders wish to amend certain terms and provisions of the Loan Agreement as hereafter set
          forth.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the parties hereto hereby agree as follows:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Defined



              Terms</u></font>.&#160;&#160;&#160; Any capitalized term used herein and not defined shall have the meaning assigned to it in the Loan Agreement.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2.</font>&#160;&#160;&#160;&#160; &#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Amendments</u></font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160;&#160;&#160;&#160; &#160; &#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>New Definitions</u></font>.&#160; The following new definitions are hereby added to the Loan Agreement in appropriate alphabetical order:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>First Amendment</u></font>&#8221; means that certain Fist Amendment to
          Amended and Restated Loan Agreement, dated as of November 14, 2018, by and among Borrowers, Agent and the Lenders party thereto.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>First Amendment Effective Date</u></font>&#8221; means the date on which
          the conditions precedent to the effectiveness of the First Amendment are fulfilled or waived.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Revised or Restated Monthly Financial Statements</u></font>&#8221; shall
          have the meaning set forth in Section 9.9 hereof.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Revised or Restated Quarterly Financial Statements</u></font>&#8221;
          shall have the meaning set forth in Section 9.8 hereof.</font></div>
      <div><br>
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      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Section 9.8 of the Loan Agreement
          is hereby amended by inserting the following sentence immediately following the last sentence of Section 9.8:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;Notwithstanding the forgoing, with respect to the deliverables under this Section 9.8 for the quarter ended on September 30, 2018
          and the related Compliance Certificate, the Company shall furnish Agent and Lenders such deliverables on or before January 14, 2019 or promptly after the same are available (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Revised



              or Restated Quarterly Financial Statements</u></font>&#8221;); <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided</u></font>, that, the Company shall continue to&#160; furnish Agent and Lenders with internally prepared
          deliverables under this Section 9.8 as required without giving effect to this sentence and without giving effect to any accounting adjustments which will be reflected in the Revised or Restated Quarterly Financial Statements until the Revised or
          Restated Quarterly Financial Statements are delivered to Agent and Lenders.&#8221;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Section 9.9 of the Loan Agreement
          is hereby amended by inserting the following sentence immediately following the last sentence of Section 9.9:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 108pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">&#8220;Notwithstanding the forgoing, with respect to the deliverables under this Section 9.9 for the month ended on October 31, 2018 and
          the month ending on November 30, 2018, the Company shall furnish Agent and Lenders such deliverables on or before January 14, 2019 or promptly after the same are available (&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Revised



              or Restated Monthly Financial Statements</u></font>&#8221;); <font style="font-size: 10pt; font-family: 'Times New Roman';"><u>provided</u></font>, that, the Company shall continue to furnish Agent and Lenders with internally prepared deliverables
          under this Section 9.9 as required without giving effect to this sentence and without giving effect to any accounting adjustments which will be reflected in the Revised or Restated Monthly Financial Statements until the Revised or Restated
          Monthly Financial Statements are delivered to Agent and Lenders.&#8221;</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">3.</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Conditions



              to Effectiveness</u></font>.&#160; The effectiveness of this First Amendment is subject to the fulfillment of each of the following conditions precedent (the date such conditions are fulfilled or are waived by Agent is hereinafter referred to as
          the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>First Amendment Effective Date</u></font>&#8221;):</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font> &#160;&#160; &#160; &#160;&#160; &#160;<u></u><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size:
            10pt; font-family: 'Times New Roman';"><u>Representations and Warranties; No Event of Default</u></font>.&#160; The following statements shall be true and correct: (i) the representations and warranties contained in this First Amendment, ARTICLE V
          of the Loan Agreement and in each other Loan Document, certificate, or other writing delivered to Agent or any Lender pursuant hereto or thereto on or prior to the First Amendment Effective Date are true and correct in all material respects (and
          in all respects if such representation and warranty is already qualified by materiality or by reference to a Material Adverse Effect) on and as of the First Amendment Effective Date as though made on and as of such date, except to the extent that
          any such representation or warranty expressly relates solely to an earlier date (in which case such representation or warranty shall be true and correct in all material respects (and in all respects if such representation and warranty is already
          qualified by materiality or by reference to a Material Adverse Effect) on and as of such earlier date) and (ii) no Default or Event of Default shall have occurred and be continuing on the First Amendment Effective Date or would result from this
          First Amendment becoming effective in accordance with its terms.</font></div>
      <div><br>
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        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
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      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>Execution of Amendment</u></font>.&#160; Agent and the Required Lenders shall have executed this First Amendment and shall have received a counterpart to this First Amendment, duly executed by each Loan Party.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>Payment of Fees, Etc</u></font>.&#160; Borrowers shall have paid, on or before the First Amendment Effective Date, all fees and invoiced costs and expenses then payable by Borrowers pursuant to the Loan Documents,
          including, without limitation, Section 16.9 of the Loan Agreement.&#160; All fees under this Section 3(c) shall be fully earned and payable as of the First Amendment Effective Date, and may be charged by Agent to the US Borrowers&#8217; Account.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Representations



              and Warranties</u></font>.&#160; Each Loan Party represents and warrants as follows:</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>Organization, Good Standing, Etc.</u></font>&#160; Each Loan Party (i) is a corporation, limited liability company or limited partnership duly organized, validly existing and in good standing under the laws of the
          state or jurisdiction of its organization, (ii) has all requisite power and authority to conduct its business as now conducted and as presently contemplated, and to execute and deliver this First Amendment, and to consummate the transactions
          contemplated hereby and by the Loan Agreement, as amended hereby, and (iii) is duly qualified to do business and is in good standing in each jurisdiction in which the character of the properties owned or leased by it or in which the transaction
          of its business makes such qualification necessary, except (solely for the purposes of this subclause (iii)) where the failure to be so qualified or in good standing could not reasonably be expected to result in a Material Adverse Effect.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>Authorization, Etc.</u></font>&#160; The execution, delivery and performance by each Loan Party of this First Amendment, and the performance of the Loan Agreement, as amended hereby, (i) have been duly authorized
          by all necessary action, (ii) do not and will not contravene any of its Organizational Documents or any Applicable Law in any material respect or any material Contractual Obligation binding on or otherwise affecting it or any of its properties,
          (iii) do not and will not result in or require the creation of any Lien (other than pursuant to any Loan Document) upon or with respect to any of its properties, and (iv) do not and will not result in any default, noncompliance, suspension,
          revocation, impairment, forfeiture or nonrenewal of any permit, license, authorization or approval applicable to its operations or any of its properties.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>Governmental Approvals</u></font>.&#160; No authorization or approval or other action by, and no notice to or filing with, any Governmental Body is required in connection with the due execution, delivery and
          performance of this First Amendment by the Loan Parties, and the performance of the Loan Agreement, as amended hereby.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font>&#160;&#160;&#160; &#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>Enforceability of this First Amendment</u></font>.&#160; This First Amendment and the Loan Agreement, as amended hereby, when delivered hereunder, will be a legal, valid and binding obligation of each Loan Party,
          enforceable against such Loan Party in accordance with the terms thereof, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors&#8217; rights generally.</font></div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
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      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font>&#160;&#160;&#160; &#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>Representations and Warranties; No Event of Default</u></font>.&#160; The statements in Section 3(a) of this First Amendment are true and correct.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">5.</font>&#160;&#160;&#160;&#160; &#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Release</u></font>.&#160;



          Each Loan Party hereby acknowledges and agrees that:&#160; (a) neither it nor any of its Affiliates has any claim or cause of action against Agent or any Lender (or any of their respective Affiliates, officers, directors, employees, attorneys,
          consultants or agents) and (b) Agent and each Lender has heretofore properly performed and satisfied in a timely manner all of its obligations to the Loan Parties and their Affiliates under the Loan Agreement and the other Loan Documents that are
          required to have been performed on or prior to the date hereof.&#160; Notwithstanding the foregoing, Agent and the Lenders wish (and the Loan Parties agree) to eliminate any possibility that any past conditions, acts, omissions, events or
          circumstances would impair or otherwise adversely affect any of Agent and the Lenders&#8217; rights, interests, security and/or remedies under the Loan Agreement and the other Loan Documents.&#160; Accordingly, for and in consideration of the agreements
          contained in this First Amendment and other good and valuable consideration, each Loan Party (for itself and its Affiliates and the successors, assigns, heirs and representatives of each of the foregoing) (collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Releasors</u></font>&#8221;) does hereby fully, finally, unconditionally and irrevocably release and forever discharge Agent, each Lender and each of their respective Affiliates, officers,
          directors, employees, attorneys, consultants and agents (collectively, the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Released Parties</u></font>&#8221;) from any and all debts, claims, obligations, damages, costs, attorneys&#8217;
          fees, suits, demands, liabilities, actions, proceedings and causes of action, in each case, whether known or unknown, contingent or fixed, direct or indirect, and of whatever nature or description, and whether in law or in equity, under contract,
          tort, statute or otherwise, which any Releasor has heretofore had or now or hereafter can, shall or may have against any Released Party by reason of any act, omission or thing whatsoever done or omitted to be done on or prior to the First
          Amendment Effective Date directly arising out of, connected with or related to this First Amendment, the Loan Agreement or any other Loan Document, or any act, event or transaction related or attendant thereto, or the agreements of Agent or any
          Lender contained therein, or the possession, use, operation or control of any of the assets of any Loan Party, or the making of any Loans or other advances, or the management of such Loans or advances or the Collateral.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">6.</font>&#160;&#160;&#160; &#160; &#160; &#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>No
              Novation; Reaffirmation and Confirmation</u></font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: 'Times New Roman';">This First Amendment does not
          extinguish the obligations for the payment of money outstanding under the Loan Agreement or discharge or release the lien or priority of any mortgage, security agreement, pledge agreement or any other security therefore.&#160; Nothing herein contained
          shall be construed as a substitution or novation of the Obligations outstanding under the Loan Agreement or instruments securing the same, which shall remain in full force and effect, except as modified hereby or by instruments executed
          concurrently herewith.&#160; Nothing expressed or implied in this First Amendment shall be construed as a release or other discharge of Borrowers under the Loan Agreement, or the other Loan Documents, as amended hereby, from any of its obligations and
          liabilities as &#8220;Borrowers&#8221; thereunder.</font></div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
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      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font>&#160;&#160; &#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Borrowers hereby (i) acknowledge
          and reaffirm its obligations as set forth in each Loan Document, as amended hereby, (ii) agree to continue to comply with, and be subject to, all of the terms, provisions, conditions, covenants, agreements and obligations applicable to it set
          forth in each Loan Document, as amended hereby, which remain in full force and effect, and (iii) confirm, ratify and reaffirm that the security interest granted to Agent, for the benefit of Agent and the Lenders, pursuant to the Loan Documents,
          as amended hereby, in all of its right, title, and interest in all then existing and thereafter acquired or arising Collateral in order to secure prompt payment and performance of the Obligations, is continuing and is and shall remain unimpaired
          and continue to constitute a first priority security interest (subject to Permitted Liens) in favor of Agent, for the benefit of Agent and the Lenders, with the same force, effect and priority in effect both immediately prior to and after
          entering into this First Amendment.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">7.</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman';"><u>Miscellaneous</u></font>.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(a)</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;<u></u><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size:
            10pt; font-family: 'Times New Roman';"><u>Continued Effectiveness of the Loan Agreement and the Other Loan Documents</u></font>.&#160; Except as otherwise expressly provided herein, the Loan Agreement and the other Loan Documents are, and shall
          continue to be, in full force and effect and are hereby ratified and confirmed in all respects, except that on and after the First Amendment Effective Date (i) all references in the Loan Agreement to &#8220;this Agreement&#8221;, &#8220;hereto&#8221;, &#8220;hereof&#8221;,
          &#8220;hereunder&#8221; or words of like import referring to the Loan Agreement shall mean the Loan Agreement as amended by this First Amendment and (ii) all references in the other Loan Documents to the &#8220;Loan Agreement&#8221;, &#8220;thereto&#8221;, &#8220;thereof&#8221;, &#8220;thereunder&#8221;
          or words of like import referring to the Loan Agreement shall mean the Loan Agreement as amended by this First Amendment.&#160; To the extent that the Loan Agreement or any other Loan Document purports to pledge to Agent, or to grant to Agent, a
          security interest or lien, such pledge or grant is hereby ratified and confirmed in all respects.&#160; Except as expressly provided herein, the execution, delivery and effectiveness of this First Amendment shall not operate as an amendment of any
          right, power or remedy of Agent and the Lenders under the Loan Agreement or any other Loan Document, nor constitute an amendment of any provision of the Loan Agreement or any other Loan Document.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(b)</font> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>Counterparts</u></font>.&#160; This First Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which shall be deemed to be an original, but all
          of which taken together shall constitute one and the same agreement.&#160; Delivery of an executed counterpart of this First Amendment by fax or electronic mail shall be equally as effective as delivery of an original executed counterpart of this
          First Amendment. Original signature pages shall promptly be provided to Agent.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(c)</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>Headings</u></font>.&#160; Section headings herein are included for convenience of reference only and shall not constitute a part of this First Amendment for any other purpose.</font></div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
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      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(d)</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>Costs and Expenses</u></font>.&#160; Borrowers agree to pay on demand all fees, costs and expenses of Agent and the Lenders in connection with the preparation, execution and delivery of this First Amendment.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(e)</font>&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>First Amendment as Other Document</u></font>.&#160; Each Loan Party hereby acknowledges and agrees that this First Amendment constitutes an &#8220;Other Document&#8221; under the Loan Agreement.&#160; Accordingly, it shall be an
          Event of Default under the Loan Agreement if (i) any representation or warranty made by any Loan Party under or in connection with this First Amendment, which representation or warranty is (A) subject to a materiality or a Material Adverse Effect
          qualification, shall have been incorrect in any respect when made or deemed made, or (B) not subject to a materiality or a Material Adverse Effect qualification, shall have been incorrect in any material respect when made or deemed made or (ii)
          any Loan Party shall fail to perform or observe any term, covenant or agreement contained in this First Amendment (subject to any applicable notice or grace periods under the Loan Agreement).</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>Severability</u></font>.&#160; Any provision of this First Amendment that is 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 portions hereof or affecting the validity or enforceability of such provision in any other jurisdiction.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(g)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman';"><u>Governing Law</u></font>.&#160; This First Amendment shall be governed by and construed in accordance with, the laws of the State of New York.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(h)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt;
            font-family: 'Times New Roman'; font-weight: bold;"><u>Waiver of Jury Trial</u></font><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">.&#160; THE PARTIES HERETO HEREBY IRREVOCABLY WAIVE THEIR RESPECTIVE RIGHTS TO A
            JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS FIRST AMENDMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY
            CLAIMS.</font></font></div>
      <div><br>
      </div>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> <br>
        </font></div>
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        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman'; font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">IN WITNESS WHEREOF</font>, the parties hereto have
          caused this First Amendment to be executed and delivered by their respective duly authorized officers as of the date first written above.</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z135bec8aea9d4259be86ec0861c51595">

          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><u>US BORROWER</u></font>:</font></div>
            </td>
          </tr>
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            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">MOTORCAR PARTS OF AMERICA, INC.</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;"><br>
              </div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By: /s/ Selwyn Joffe</font></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font>&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Selwyn Joffe</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font>&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Chairman, President and Chief Executive Officer</font></div>
            </td>
          </tr>

      </table>
      <div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
        </div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Signature Page to First Amendment to A&amp;R Loan Agreement</div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
        </div>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
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      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zfa8115fb548b412f96a0c9b42e737d9c">

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            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><u>CANADIAN BORROWER</u></font>:</font></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">D &amp; V ELECTRONICS LTD.</font></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By: /s/ Selwyn Joffe</font></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font>&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Selwyn Joffe</font></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title:</font>&#160;&#160;&#160; <font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Chairman, President and Chief Executive Officer</font></div>
            </td>
          </tr>

      </table>
      <div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
        </div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Signature Page to First Amendment to A&amp;R Loan Agreement</div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
        </div>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
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      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z98938b82e85a4ae4a8cc76bdc4d788bb">

          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><u>AGENT AND LENDER</u></font>:</font></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          </tr>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 50%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">PNC BANK, NATIONAL ASSOCIATION</font></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">
              <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman';">By: /s/ Albert Sarkis</font></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Name:</font>&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Albert Sarkis</font></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 50%; vertical-align: top;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Title:</font>&#160;&#160;&#160; <font style="font-size: 10pt; font-family: 'Times New Roman';">Senior Vice President</font></div>
            </td>
          </tr>

      </table>
      <div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
        </div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;">Signature Page to First Amendment to A&amp;R Loan Agreement</div>
        <div style="text-align: left; font-family: 'Times New Roman'; font-size: 10pt;"> <br>
        </div>
      </div>
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<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit 99.1</font><br>
    </div>
    <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;"> <br>
    </div>
    <div style="text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">
      <div style="text-align: left;"><img src="image00001.jpg">
        <div><br>
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      <div style="text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-weight: bold;">NEWS RELEASE</div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">CONTACT:</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">Gary S. Maier</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">(310) 471-1288</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">MOTORCAR PARTS OF AMERICA RECEIVES NOTICE FROM NASDAQ DUE TO DELAYED FILING OF FORM 10-Q</font></div>
      <div><br>
      </div>
      <div style="text-align: center; text-indent: 36pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">LOS ANGELES, CA &#8211; November 20,
            2018 &#8211;</font> Motorcar Parts of America, Inc.</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">(Nasdaq: MPAA) today announced it received a notice from the NASDAQ Stock Market on November 15, 2018 indicating that the company is not in
          compliance with NASDAQ listing rules because its Form 10-Q for its fiscal 2019 second quarter ended September 30, 2018 was not timely filed. The notice, which the company expected, was issued in accordance with standard NASDAQ procedures as a
          result of the delayed filing. Timely filing of periodic reports is a requirement for continued listing under NASDAQ Marketplace Rule 5250(c)(1).</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The delay in filing is due to the company&#8217;s inability to timely process the financial information for its fiscal 2019 second
          quarter, which is primarily related to a review of accounting practices associated with the timing of recognizing certain expenses incurred in connection with new business. These expenses are primarily allowances for core inventory purchase
          obligations at the start of a new business relationship.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="background-color: rgb(255, 255, 255); font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The company
            does not believe this review of the accounting for new business contracts will affect its liquidity, operations or strong growth momentum.</font></font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The company continues to focus significant efforts on completing the processing of this information and expects to file its
          Form 10-Q for the fiscal 2019 second quarter ended</font></div>
      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">September 30, 2018 as soon as practicable. Upon completion of these filings, Motorcar Parts of America will be current in its financial
          reporting.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">The NASDAQ notice directs the company to submit a plan by January 14, 2019.&#160; The company expects to address the notice by
          filing its Form 10-Q and submitting a required updated compliance plan within such timeframe.</font></div>
      <div><br>
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      <div style="text-align: justify;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">About Motorcar Parts of America</font></div>
      <div><br>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Motorcar Parts of America, Inc.</font>
          is a remanufacturer, manufacturer and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearing and hub assemblies, brake master cylinders, brake power boosters, rotors, brake pads and turbochargers utilized in
          imported and domestic passenger vehicles, light trucks and heavy-duty applications.&#160; In addition, the company designs and manufactures test equipment for performance, endurance and production testing of alternators, starters, electric motors,
          inverters and belt starter generators for both the OE and aftermarket. Motorcar Parts of America&#8217;s products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada, with facilities located
          in California, Canada, Mexico, Malaysia and China, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia and Canada. Additional information is available at <u>www.motorcarparts.com</u></font></div>
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      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman';">2-2-2</font></div>
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      <div style="text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">The Private Securities Litigation Reform Act of 1995 provides a &#8220;safe harbor&#8221; for certain forward-looking
          statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company&#8217;s current expectations and beliefs concerning future developments and their potential effects on the
          company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors.&#160; Reference is also made to the Risk Factors set
          forth in the company&#8217;s Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2018 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no
          obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.</font></div>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman';">#&#160; &#160; &#160; #&#160; &#160; &#160; #</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
