<SEC-DOCUMENT>0001144204-16-084058.txt : 20160224
<SEC-HEADER>0001144204-16-084058.hdr.sgml : 20160224
<ACCEPTANCE-DATETIME>20160224163939
ACCESSION NUMBER:		0001144204-16-084058
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160223
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160224
DATE AS OF CHANGE:		20160224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STONERIDGE INC
		CENTRAL INDEX KEY:			0001043337
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				341598949
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13337
		FILM NUMBER:		161452523

	BUSINESS ADDRESS:	
		STREET 1:		9400 EAST MARKET ST
		CITY:			WARREN
		STATE:			OH
		ZIP:			44484
		BUSINESS PHONE:		3308562443

	MAIL ADDRESS:	
		STREET 1:		9400 EAST MARKET ST
		CITY:			WARREN
		STATE:			OH
		ZIP:			44484
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v432633_8k.htm
<DESCRIPTION>8-K
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">FORM 8-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Date of Report (Date of earliest event reported):
February 23, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Commission file number: 001</B>-<B>13337</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><U>STONERIDGE, INC.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>(Exact name of registrant as specified
in its charter)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><I></I></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0; text-align: center"><B><U>Ohio</U></B></TD>
    <TD STYLE="width: 50%; padding: 0; text-align: center"><B><U>34-1598949</U></B></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: center"><I>(State or other jurisdiction of</I></TD>
    <TD STYLE="padding: 0; text-align: center"><I>(I.R.S. Employer</I></TD>
    </TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: center"><I>incorporation or organization)</I></TD>
    <TD STYLE="padding: 0; text-align: center"><I>Identification No.)</I></TD>
    </TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0; text-align: center"><B><U>9400 East Market Street, Warren, Ohio&nbsp;</U></B></TD>
    <TD STYLE="width: 50%; padding: 0; text-align: center"><B><U>44484</U></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: center"><I>(Address of principal executive offices)</I></TD>
    <TD STYLE="padding: 0; text-align: center"><I>(Zip Code)</I></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><U>(330) 856-2443</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Registrant&rsquo;s telephone number, including
area code</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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 (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; font-size: 10pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="width: 93%; font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; font-size: 10pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="width: 93%; font-size: 10pt; text-align: justify">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; font-size: 10pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="width: 93%; font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; font-size: 10pt"><FONT STYLE="font-family: Wingdings">o</FONT></TD>
    <TD STYLE="width: 93%; font-size: 10pt; text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: blue"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 1in; text-align: left"><B>ITEM 1.01</B></TD><TD STYLE="text-align: justify"><B>Entry into a Material Definitive Agreement</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On February 23, 2016, Stoneridge, Inc. (the &ldquo;Company&rdquo;)
entered into Amendment No. 2 and Waiver (the &ldquo;Amendment&rdquo;) to the Third Amended and Restated Credit Agreement (the &ldquo;Agreement&rdquo;)
by and among the Company and certain of its subsidiaries as Borrowers, PNC Bank, National Association, as Administrative Agent
and Collateral Agent; and PNC Bank, National Association, JPMorgan Chase Bank, N.A., Compass Bank, Citizens Bank, National Association,
The Huntington National Bank, U.S. Bank National Association, BMO Harris Bank, N.A., First Niagara Bank, N.A. and First Commonwealth
Bank, as Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Amendment modifies, and waives any default or potential
defaults arising from the disclosure schedules included in the Agreement and the ancillary agreements thereto with respect to additional
shares issued by the Company&rsquo;s wholly owned, Mauritius-based affiliate Stoneridge Asia Holdings Ltd. and shares of the Company&rsquo;s
wholly owned, Mexico-based affiliate TED de Mexico Servicios S.A. de C.V. In connection with the Amendment and as called for by
the Agreement, the Company is pledging shares held in these two foreign affiliates as collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The above summary of the Amendment is qualified in its entirety
by reference to the full text of the Amendment which is filed as Exhibit 10.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: -1in">&nbsp;</P>

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<TD STYLE="width: 0%"></TD><TD STYLE="width: 1in; text-align: left"><B>ITEM 9.01</B></TD><TD STYLE="text-align: justify"><B>Financial Statements and Exhibits.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.75in; text-align: left">(d)</TD><TD STYLE="text-align: justify">Exhibits.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 18%; padding: 0; font-size: 10pt; text-indent: 0">Exhibit No.</TD>
    <TD STYLE="width: 82%; padding: 0; font-size: 10pt; text-indent: 0">Description</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 0; font-size: 10pt; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; font-size: 10pt; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; font-size: 10pt; text-indent: 0">10.1</TD>
    <TD STYLE="padding: 0; font-size: 10pt; text-indent: 0">Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-indent: 45pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0.05in"><B>Stoneridge, Inc.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0; text-indent: 0">Date: February 24, 2016</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 0.05in">/s/ George E. Strickler</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.05in">George E. Strickler, Executive Vice President,</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.05in">Chief Financial Officer and Treasurer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.05in">(Principal Financial and Accounting Officer)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Exhibit Index</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; padding-right: 17.1pt; padding-bottom: 12pt">10.1</TD>
    <TD STYLE="width: 90%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt">Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: -0.5in">&nbsp;</P>



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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v432633_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMENDMENT NO. 2 AND WAIVER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Amendment No.
2 and Waiver to Third Amended and Restated Credit Agreement (this &ldquo;<B>Amendment</B>&rdquo;), dated as of February 23, 2016,
is made by and among STONERIDGE, INC., an Ohio corporation (the &ldquo;<B>Parent</B>&rdquo;),<B> </B>STONERIDGE ELECTRONICS, INC.,
a Texas corporation (&ldquo;<B>Electronics</B>&rdquo;), STONERIDGE CONTROL DEVICES, INC., a Massachusetts corporation (&ldquo;<B>Controls</B>&rdquo;,
and together with the Parent and Electronics, the &ldquo;<B>Domestic Borrowers</B>&rdquo;), STONERIDGE ELECTRONICS AB, a Swedish
corporation (&ldquo;<B>Stoneridge Sweden</B>&rdquo;, and together with the Domestic Borrowers, the &ldquo;<B>Borrowers</B>&rdquo;),
the various Lenders (as hereinafter defined) which are a party to this Amendment and PNC <FONT STYLE="text-transform: uppercase">Bank,
National Association,</FONT> a national banking association, as the administrative agent (in such capacity, the &ldquo;<B>Administrative
Agent</B>&rdquo;) and the collateral agent (in such capacity, the &ldquo;<B>Collateral Agent</B>&rdquo;, and together with the
Administrative Agent, the &ldquo;<B>Agents</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WITNESSETH:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>WHEREAS</B>, the Borrowers
have been extended certain financial accommodations pursuant to that certain Third Amended and Restated Credit Agreement, dated
as of September&nbsp;12, 2014 (as amended, supplemented, amended and restated or otherwise modified from time to time, the &ldquo;<B>Credit
Agreement</B>&rdquo;), among the Borrowers, the guarantors party thereto from time to time, the financial institutions party thereto
from time to time, as lenders (the &ldquo;<B>Lenders</B>&rdquo;) and the Administrative Agent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>WHEREAS</B>, in connection
with the Credit Agreement, the Parent agreed, among other things, to pledge certain Equity Interests in its Subsidiaries pursuant
to (i) that certain Pledge and Security Agreement, dated as of September 12, 2014 (as amended, supplemented, amended and restated
or otherwise modified from time to time, the &ldquo;<B>Security Agreement</B>&rdquo;), among the grantors party thereto (including
the Domestic Borrowers) and the Collateral Agent and (ii) that certain Share Pledge Agreement, dated as of October 24, 2014 (as
amended, supplemented, amended and restated or otherwise modified from time to time, the &ldquo;<B>Mauritius Pledge Agreement</B>&rdquo;)
among the Parent, Stoneridge Asia Holdings Ltd. (&ldquo;<B>Stoneridge Mauritius</B>&rdquo;) and the Collateral Agent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>WHEREAS</B>, subsequent
to the Closing Date, Stoneridge Mauritius has issued to the Parent two (2) additional Equity Interests in Stoneridge Mauritius,
represented by share certificate numbers 17 and 18 (the &ldquo;<B>Mauritius Shares</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>WHEREAS</B>, subsequent
to the Closing Date, Stoneridge effected the TED Transaction, including the organization of TED de Mexico Servicios, S.A. de C.V.,
an indirect wholly owned Subsidiary of Parent organized under the laws of Mexico, including the issuance of 30 ordinary shares,
pesos 100 par value (the &ldquo;<B>TED Servicios Shares</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>WHEREAS</B>, one or
more Potential Defaults or Events of Default now exist (i) under Section 9.1.4 of the Credit Agreement arising from the Parent&rsquo;s
failure to comply with Section 8.2.12 of the Credit Agreement in connection with the pledge of certain of the Mauritius Shares
to the Collateral Agent, (ii) under Section 9.1.2 of the Credit Agreement arising from the Parent&rsquo;s representation under
Section 6.1.2 of the Credit Agreement and (iii) under Section 9.1.5 of the Credit Agreement arising from Parent&rsquo;s failure
to comply with each of (a) Section 3.1(e)(cc) of the Mauritius Pledge Agreement in connection with the issuance of the Mauritius
Shares, (b) Section 4.3 of the Mauritius Pledge Agreement in connection with the pledge of certain of the Mauritius Shares to the
Collateral Agent, and (c) Section 4.3 of the Security Agreement in connection with the pledge of certain of the Mauritius Shares
and TED Servicios Shares to the Collateral Agent (collectively, the &ldquo;<B>Existing Defaults</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>WHEREAS</B>, the Borrowers
have requested that the Lenders and the Administrative Agent waive the Existing Defaults; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>WHEREAS</B>, the parties
hereto desire to amend<B> </B>certain schedules and exhibits of the Credit Agreement and the Security Agreement as more fully set
forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>NOW THEREFORE</B>,
in consideration of the mutual promises and agreements contained herein and other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, each of the parties hereto hereby agrees as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Section 1<B>&#9;DEFINED TERMS.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each defined term used
herein and not otherwise defined herein shall have the meaning ascribed to such term in the Credit Agreement, as amended by this
Amendment.&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Section 2&#9;<B>AMENDMENT TO THE LOAN DOCUMENTS.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Credit Agreement and the
Security Agreement are hereby amended as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.1<B>&#9;Amendment
to Schedule 1.1(S) (Excluded Foreign Subsidiaries) of the Credit Agreement.</B> Schedule 1.1(S)<B> </B>of the Credit Agreement
shall be amended and restated in its entirety on the Amendment Effective Date (as hereinafter defined) as set forth on <U>Annex
I </U>hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.2<B>&#9;Amendment
to Schedule 6.1.2 (Subsidiaries and Owners) of the Credit Agreement.</B> Schedule 6.1.2<B> </B>of the Credit Agreement shall be
amended and restated in its entirety on the Amendment Effective Date as set forth on <U>Annex II</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.3<B>&#9;Amendment
to Exhibit C (List of Pledged Collateral, Securities and Other Investment Property) of the Security Agreement.</B> Exhibit C of
the Security Agreement shall be amended and restated in its entirety on the Amendment Effective Date as set forth on <U>Annex III</U>
hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0">Section 3<B>&#9;WAIVER OF EXISTING DEFAULTS.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Upon satisfaction of
the conditions set forth in <U>Section&nbsp;5</U> hereof, the Required Lenders hereby waive the Existing Defaults and agree not
to enforce their rights and remedies under the Credit Agreement with respect to the Existing Defaults. In all other respects, each
of the Borrowers shall be and remain in full compliance with the Credit Agreement as amended by the provisions of this Amendment
and the foregoing waiver shall not extend to prejudice any rights of the Administrative Agent or the Lenders in respect of any
other breach, if any, by any Borrower of any other provisions of the Credit Agreement. The execution of this Amendment by each
of the Borrowers shall serve as an acknowledgment (i) that the foregoing waiver shall not affect the continued legality, validity
and binding effect of the Credit Agreement in its entirety and (ii) that the Credit Agreement continues to be fully enforceable
in each case, except as otherwise waived herein or as amended by the provisions of this Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt; text-align: center"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">Section 4<B>&#9;REPRESENTATIONS AND WARRANTIES.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each Borrower hereby
represents and warrants to the Lenders and the Agents as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.1&#9;<B>The Amendment</B>.
This Amendment has been duly and validly executed by an authorized executive officer of such Borrower and constitutes the legal,
valid and binding obligation of such Borrower enforceable against such Borrower in accordance with its terms. The Credit Agreement
and Security Agreement, in each case, as amended by this Amendment, remains in full force and effect and remains the valid and
binding obligation of such Borrower party thereto enforceable against such Borrower in accordance with its terms, except as such
enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditor&rsquo;s
rights generally and by general principles of equity,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.2&#9;<B>No Potential
Default or Event of Default. </B>Except for the Existing Defaults, no Potential Default or Event of Default exists under the Credit
Agreement as of the date hereof and no Potential Default or Event of Default will occur as a result of the effectiveness of this
Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.3&#9;<B>Restatement
of Representations and Warranties. </B>The representations and warranties of such Borrower contained in the Credit Agreement and
the Security Agreement, each as amended by this Amendment, and the other Loan Documents are true and correct on and as of the Amendment
Effective Date as though made on the Amendment Effective Date, unless and to the extent that any such representation and warranty
is stated to relate solely to an earlier date, in which case such representation and warranty shall be true and correct as of such
earlier date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">Section 5&#9;<B>CONDITIONS TO EFFECTIVENESS.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The date and time of
the effectiveness of this Amendment (the &ldquo;<B>Amendment Effective Date</B>&rdquo;) is subject to the satisfaction of the following
conditions precedent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.1&#9;<B>Execution.</B>
The Administrative Agent shall have received counterparts to this Amendment duly executed and delivered by an authorized officer
of each other party hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.2&#9;<B>Updated Schedules
and Exhibits.</B> The Agents shall have received from the Borrowers the updated schedules and exhibits as set forth in and required
under <U>Section 2</U> hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.3&#9;<B>Payment of
Costs and Expenses</B>. The Borrowers shall have paid all outstanding and reasonable costs, expenses and the disbursements of the
Administrative Agent and its advisors, service providers and legal counsels incurred in connection with the documentation of this
Amendment, to the extent invoiced, as well as any other fees payable on or before the Amendment Effective Date pursuant to any
fee letter or agreement, if any, with the Administrative Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.4&#9;<B>Other.</B>
All corporate and other proceedings, and all documents, instruments and other legal matters in connection with the transactions
contemplated by this Amendment shall be reasonably satisfactory in form and substance to the Administrative Agent and its counsel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">Section 6&#9;<B>COVENANT</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Borrowers shall
have executed and delivered to the Collateral Agent within the time periods specified below the following, each in form and substance
satisfactory to the Collateral Agent:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)&#9;No later than
March 18, 2016 (or such later date as shall be consented to by the Collateral Agent in its sole discretion), all original certificates
evidencing the TED Servicios Shares required to be pledged pursuant to the Loan Documents, together with duly executed in blank,
undated stock powers attached thereto; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&#9;No later than
May 6, 2016 (or such later date as shall be consented to by the Collateral Agent in its sole discretion), all original certificates
evidencing the Mauritius Shares required to be pledged pursuant to the Loan Documents, together with duly executed in blank, undated
stock powers attached thereto and all documents and deliverables required to be delivered pursuant to the Mauritius Pledge Agreement
and any other documents in connection with the pledge of the Mauritius Shares, as the Collateral Agent may reasonably request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The failure of the
Borrowers to satisfy the requirements in this <U>Section 6</U> on or before the time period applicable thereto as set forth herein
(or such later date as shall be consented to by the Collateral Agent in its sole discretion) shall constitute an immediate &ldquo;Event
of Default&rdquo; under the Credit Agreement, without the need for demand or notice of any kind.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">Section 7<B>&#9;MISCELLANEOUS</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">7.1&#9;<B>Governing Law</B>.
This Amendment shall be governed by and construed in accordance with the laws of the State of New York without giving effect to
the conflict of laws rules thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">7.2&#9;<B>Severability</B>.
Any provision of this Amendment which is prohibited or unenforceable shall be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions of this Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">7.3&#9;<B>Counterparts</B>.
This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of
which when so executed and delivered shall be deemed to be an original, and all of which taken together shall constitute but one
and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">7.4&#9;<B>Headings</B>.
Section headings used in this Amendment are for the convenience of reference only and are not a part of this Amendment for any
other purpose.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">7.5&#9;<B>Negotiations</B>.
Each Borrower acknowledges and agrees that all of the provisions contained herein were negotiated and agreed to in good faith after
discussion with the Agents and the Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">7.6&#9;<B>Nonwaiver.</B>
The execution, delivery, performance and effectiveness of this Amendment shall not, except as set forth in <U>Section&nbsp;3</U>
of this Amendment with respect to the Existing Defaults, operate as, or be deemed or construed to be, a waiver: (i) of any right,
power or remedy of the Lenders or the Agents under the Credit Agreement or the other Loan Documents, or (ii) of any term, provision,
representation, warranty or covenant contained in the Credit Agreement or any other Loan Document. Further, other than as set forth
in <U>Section&nbsp;3</U> of this Amendment with respect to the Existing Defaults, none of the provisions of this Amendment shall
constitute, be deemed to be or construed as, a waiver of any Potential Default or Event of Default under the Credit Agreement as
amended by this Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">7.7&#9;<B>Reaffirmation</B>.
Each Borrower hereby (i) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under
the Credit Agreement and each of the other Loan Documents to which it is a party and (ii) ratifies and reaffirms its grant of security
interests and Liens under such documents and confirms and agrees that such security interests and Liens hereafter secure all of
the Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">7.8 &#9;<B>Release of
Claims.</B> In consideration of the Lenders&rsquo; and the Agents&rsquo; agreements contained in this Amendment, each Borrower
hereby irrevocably releases and forever discharge the Lenders and the Agents and their Affiliates, subsidiaries, successors, assigns,
directors, officers, employees, agents, consultants and attorneys (each, a &ldquo;<B>Released Person</B>&rdquo;) of and from any
and all claims, suits, actions, investigations, proceedings or demands, whether based in contract, tort, implied or express warranty,
strict liability, criminal or civil statute or common law of any kind or character, known or unknown, which such Borrower ever
had or now has against the Agents, any Lender or any other Released Person which relates, directly or indirectly, to any acts or
omissions of the Agents, any Lender or any other Released Person relating to the Credit Agreement or any other Loan Document on
or prior to the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">7.9&#9;<B>Reference to
and Effect on the Credit Agreement and the Security Agreement</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) Upon
the effectiveness of this Amendment, each reference in the Credit Agreement to &ldquo;this Agreement,&rdquo; &ldquo;hereunder,&rdquo;
&ldquo;hereof,&rdquo; &ldquo;herein,&rdquo; or words of like import shall mean and be a reference to the Credit Agreement as amended
by this Amendment and each reference to the Credit Agreement in any other document, instrument or agreement executed and/or delivered
in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement, as amended by this Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt; text-align: center"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) Upon
the effectiveness of this Amendment, each reference in the Security Agreement to &ldquo;this Security Agreement,&rdquo; &ldquo;hereunder,&rdquo;
&ldquo;hereof,&rdquo; &ldquo;herein,&rdquo; or words of like import shall mean and be a reference to the Security Agreement as
amended by this Amendment and each reference to the Security Agreement in any other document, instrument or agreement executed
and/or delivered in connection with the Security Agreement shall mean and be a reference to the Security Agreement, as amended
by this Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[SIGNATURES FOLLOW]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">IN WITNESS WHEREOF, the
parties hereto, by their officers thereunto duly authorized, have executed this Amendment as of the day and year first above written.<B>&#9;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><B>BORROWERS:</B></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><B>STONERIDGE, INC.</B></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ George E. Strickler</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Name:</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;George E. Strickler</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Title:&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Executive Vice President, Chief Financial</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Officer and Treasurer</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><B>STONERIDGE CONTROL DEVICES, INC.</B></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">&nbsp;/s/ George E. Strickler</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Name:&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">George E. Strickler</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Vice President and Treasurer</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><B>STONERIDGE ELECTRONICS, INC.</B></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">&nbsp;/s/ George E. Strickler</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Name:</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">George E. Strickler</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Title:&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Vice President and Treasurer</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><B>STONERIDGE ELECTRONICS AB</B></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ Peter Kruk<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Name:</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Peter Kruk</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Title:&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Managing Director</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#9;</B></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement]</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><B>AGENTS:</B></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><B>PNC BANK, NATIONAL ASSOCIATION</B>, as the Administrative Agent and the Collateral Agent</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">By: </TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ Joseph G. Moran</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Name:&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Joseph G. Moran</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Title:&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;Senior Vice President</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement]</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><B>LENDERS:</B></TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><B>PNC BANK, NATIONAL ASSOCIATION</B>, as a Lender</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ Joseph G. Moran</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Name:&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Joseph G. Moran</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Title:&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">Senior Vice President</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement]</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: left; text-indent: 0"><B>JPMORGAN CHASE BANK, N.A., </B>as a Lender</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; border-bottom: Black 1pt solid">/s/ Andrea A. Booth</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Name:</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Andrea A. Booth</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Title: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Vice President</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement]</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: left; text-indent: 0"><B>COMPASS BANK</B>, as a Lender</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">By: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; border-bottom: Black 1pt solid">/s/ Sandra Centa</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Name: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Sandra Centa</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Title: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Senior Vice President</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement]</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: left; text-indent: 0"><B>CITIZENS BANK, NATIONAL ASSOCIATION</B>, as a Lender</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; border-bottom: Black 1pt solid">/s/ Stephen A. Maenhout&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Name:</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Stephen A. Maenhout</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Title: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Senior Vice President</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement]</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: left; text-indent: 0"><B>THE HUNTINGTON NATIONAL BANK</B>, as a Lender</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; border-bottom: Black 1pt solid">/s/ Brian H. Gallagher&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Name:</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Brian H. Gallagher</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Title: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Senior Vice President</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement]</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: left; text-indent: 0"><B>U.S. BANK NATIONAL ASSOCIATION</B>, as a Lender</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">By: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; border-bottom: Black 1pt solid">/s/ Michael E. Temnick&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Name: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Michael E. Temnick</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Title: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Vice President</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<!-- Field: Page; Sequence: 14 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement]</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: left; text-indent: 0"><B>BMO HARRIS BANK, N.A.</B>, as a Lender</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; border-bottom: Black 1pt solid">/s/ Betsy Phillips&nbsp;&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Name: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Betsy Phillips</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Title: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Senior Vice President</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement]</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: left; text-indent: 0"><B>FIRST NIAGARA BANK, N.A.</B>, as a Lender</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">By: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; border-bottom: Black 1pt solid">/s/ Philip L. Rice </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Name: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Philip L. Rice</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Title: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Senior Vice President</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement]</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: left; text-indent: 0"><B>FIRST COMMONWEALTH BANK</B>, as a Lender</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 35%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">By: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0; border-bottom: Black 1pt solid">/s/ Stephen J. Orban&nbsp;<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Name: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Stephen J. Orban</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Title: </TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">Senior Vice President</TD>
    <TD STYLE="padding: 0; text-align: left; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page to Amendment No. 2 and Waiver to Third Amended and Restated Credit Agreement]</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Annex I</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><U>Schedule 1.1(S)</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Excluded Foreign Subsidiaries</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: bottom; background-color: #FFFF99">
    <td style="width: 62%; border: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 10pt">Subsidiary/Issuer</FONT></td>
    <td style="width: 38%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-decoration: underline; text-align: left"><FONT STYLE="font-size: 10pt">Jurisdiction
    of Organization/ Formation of Issuer</FONT></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: left">&nbsp;</td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: left">&nbsp;</td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">SRI Holdings CV</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Netherlands</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge European Holdings B.V.</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Netherlands</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge AB</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Sweden</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Nordic AB</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Sweden</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge GmbH</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Germany</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Electronics Limited</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Scotland</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Electronics SrL</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Italy</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Electronics AS</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Estonia</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Pollak (Holdings) Limited</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">UK</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Aftermarket GmbH</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Germany</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge OOO</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Russia</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge do Brasil Participa&ccedil;&otilde;es&nbsp;&nbsp;Ltda.</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Brazil</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">PST Eletronica Ltda.</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Brazil</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">PST Teleatendimento Ltda. (f/k/a PST Industrial Ltda.)</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Brazil</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Positron Rastreadores Argentina S.A. </font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Argentina</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">TED de Mexico SA de CV</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Mexico</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">TED de Mexico Servicios S.A. de C.V.</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Mexico</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Asia Holdings Ltd.</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Mauritius</font></td></tr>
<tr>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Asia Pacific Electronics (Suzhou) Co. Ltd.</font></td>
    <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">China</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 18 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Annex II</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Schedule 6.1.2</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Subsidiaries and Owners</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: #FFFF99">
    <TD STYLE="vertical-align: bottom; width: 38%; border-top: black 1pt solid; border-right: Black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 38.35pt; padding-bottom: 2.45pt; text-decoration: underline; text-align: center"><font style="font-size: 10pt"><u>Subsidiary/Issuer</u> </font></td>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-right: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><u>Jurisdiction of</u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><u>Organization/</u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><u>Formation of</u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><u>Issuer</u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></td>
    <TD STYLE="vertical-align: bottom; width: 22%; border-top: black 1pt solid; border-right: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><u>Authorized and</u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><u>Outstanding Equity</u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><u>Interests of Issuer</u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></td>
    <TD STYLE="vertical-align: bottom; width: 24%; border-top: black 1pt solid; border-right: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><u>Holder of Outstanding</u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><u>Equity Interests </u></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-bottom: 81.5pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <TD STYLE="border-top: Black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 81.5pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Ohio</font></td>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.1in; text-align: left">5M Preferred Shares, none issued
        or outstanding</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0.1in; text-align: left">60M Common Shares, 27,911,948
        shares outstanding at October 30, 2015</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 9pt 0pt 0.1in; text-align: left">&nbsp;</P></td>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 81.5pt; padding-left: 5.25pt; text-align: left"><font style="font-size: 10pt">Public (NYSE: SRI)</font></td></tr>
<tr>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-bottom: 18.2pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge Electronics, Inc.</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 18.2pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Texas</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">100</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">100</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">&nbsp;</P></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 8.65pt; padding-bottom: 10.25pt; padding-left: 5.25pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td></tr>
<tr>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-bottom: 18.65pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge Control Devices, Inc.</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 18.65pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Massachusetts</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">100</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">100</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">&nbsp;</P></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 8.4pt; padding-bottom: 11pt; padding-left: 5.25pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.25pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">SRI CS LLC</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.25pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Michigan</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">1,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">1,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">&nbsp;</P></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 8.65pt; padding-bottom: 10.7pt; padding-left: 5.25pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 27.4pt; padding-bottom: 27pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">SRI Holdings CV</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 27.4pt; padding-bottom: 27pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Netherlands</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25.95pt; padding-right: 5.55pt; padding-bottom: 28.45pt; text-align: right"><font style="font-size: 10pt">Limited Partnership</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 16.2pt; padding-bottom: 3.25pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc. (99% limited partner) &amp; Stoneridge Control Devices, Inc. (1% general partner)</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9.5pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge European Holdings B.V.</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9.5pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Netherlands</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">100</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">20</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">&nbsp;</P></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3.2pt 0.3in 3.05pt 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Holdings CV</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9.3pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge AB</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9.3pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Sweden</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">5,745</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">5,745</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">&nbsp;</P></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.4pt; padding-bottom: 3.05pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge European Holdings B.V.</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9.25pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge Electronics AB</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9.25pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Sweden</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">5,745</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">5,745</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">&nbsp;</P></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9.25pt; padding-left: 5.25pt; text-align: left"><font style="font-size: 10pt">Stoneridge AB</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9.05pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge Nordic AB</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9.05pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Sweden</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">1,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">1,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">&nbsp;</P></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.4pt; padding-bottom: 2.8pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Electronics AB</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge GmbH</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Germany</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">100,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">100,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">&nbsp;</P></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.2pt; padding-bottom: 2.55pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Electronics AB</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9.5pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge Electronics Limited</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9.5pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Scotland</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">250,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">250,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">&nbsp;</P></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 9.85pt; padding-bottom: 9.5pt; padding-left: 5.25pt; text-align: left"><font style="font-size: 10pt">Stoneridge AB</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 9.85pt; padding-bottom: 8.8pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge Electronics SrL</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 9.85pt; padding-bottom: 8.8pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Italy</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">10,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">10,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">&nbsp;</P></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1.75pt; padding-bottom: 3.8pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Electronics Limited</font></td></tr>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 5.75pt; text-align: left; width: 38%; border-top: Black 1pt solid"><font style="font-size: 10pt">Stoneridge Electronics AS</font></td>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 4.8pt; text-align: left; width: 16%; border-top: Black 1pt solid"><font style="font-size: 10pt">Estonia</font></td>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; width: 22%; border-top: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">160</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">40</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">&nbsp;</P></td>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 3.65pt; padding-bottom: 3.05pt; padding-left: 5.4pt; text-align: left; width: 24%; border-top: Black 1pt solid"><font style="font-size: 10pt">Stoneridge European Holdings B.V.</font></td></tr>
<tr>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3.2pt 37.8pt 3.55pt 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Pollak (Holdings) Limited</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 9.85pt; padding-bottom: 10pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">UK</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">7,004,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">7,004,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">&nbsp;</P></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.2pt; padding-bottom: 3.55pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge European Holdings B.V.</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge Aftermarket GmbH</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Germany</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">25,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">25,000</P></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.65pt; padding-bottom: 3.05pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge European Holdings B.V.</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge OOO</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Russia</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">10,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">10,000</P></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.65pt; padding-bottom: 3.05pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge European Holdings B.V. [(99.01%) &amp; Stoneridge Holdings CV (.99%)]</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge do Brasil Participa&ccedil;&otilde;es Ltda.</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Brazil</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: right"><font style="font-size: 10pt">8,200,844,065 Quotas 8,200,844,065 Quotas</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.65pt; padding-bottom: 3.05pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">PST Eletronica Ltda.</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Brazil</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: right"><font style="font-size: 10pt">9,428,904,801 Quotas 9,428,904,801 Quotas</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.65pt; padding-bottom: 3.05pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc. (3,541,077,580 Quotas) &amp; Stoneridge do Brasil Participa&ccedil;&otilde;es Ltda. (3,436,311,972 Quotas). 74% in Total</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">PST Teleatendimento Ltda. (f/k/a PST Industrial Ltda.)</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Brazil</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">1,000,000 Quotas</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">1,000,000 Quotas</P></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.65pt; padding-bottom: 3.05pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">PST Eletronica Ltda. (999,999 quotas) &amp; Stoneridge do Brasil Participa&ccedil;&otilde;es Ltda. (1 quota)</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Positron Rastreadores Argentina S.A.</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Argentina</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">100,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">100,000</P></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.4pt; text-align: left">PST Eletronica Ltda. 98,000 legal
        &amp;beneficial owner, 2,000 beneficially owned.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.4pt; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.4pt; text-align: left">Daniel Ricci owns 2,000 (bare legal
        title) which are beneficially owned by PST Eletronica Ltda.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.4pt; text-align: left">&nbsp;</P></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">TED de Mexico SA de CV</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Mexico</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">Series A 1,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">Series A 1,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">Series B 1,398,968 Series B 1,398,968</P></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.65pt; padding-bottom: 3.05pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc. (Series A 998 shares, Series B 1,398,968 shares) &amp; Stoneridge Electronics, Inc. (Series A 2 shares)</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">TED de Mexico Servicios S.A. de C.V.</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Mexico</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: right"><font style="font-size: 10pt">30</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.4pt; text-align: left">Stoneridge, Inc. (29)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.4pt; text-align: left">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.4pt; text-align: left">Stoneridge Electronics, Inc. (1)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.4pt; text-align: left">&nbsp;</P></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge Asia Holdings Ltd.</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">Mauritius</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">Unlimited</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: right">3,580,348</P></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.65pt; padding-bottom: 3.05pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td></tr>
<tr>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 5.75pt; text-align: left"><font style="font-size: 10pt">Stoneridge Asia Pacific Electronics (Suzhou) Co. Ltd.</font></td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 10.1pt; padding-bottom: 9.3pt; padding-left: 4.8pt; text-align: left"><font style="font-size: 10pt">China</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; text-align: right"><font style="font-size: 10pt">Permitted investment is US$13.5M, of which the minimum capital is 40% (US$5.4M), has been fully paid</font></td>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.65pt; padding-bottom: 3.05pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Asia Holdings Ltd.</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Annex III</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Exhibit C</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">LIST OF PLEDGED COLLATERAL, SECURITIES AND
OTHER INVESTMENT PROPERTY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">(i)&#9;<U>PLEDGED STOCK</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: #FFFF99">
    <td style="vertical-align: bottom; width: 21%; border: black 1pt solid; padding-top: 25.25pt; padding-left: 5.55pt; text-align: left"><font style="font-size: 10pt">Grantor</font></td>
    <td style="vertical-align: bottom; width: 15%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25.25pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">Issuer</font></td>
    <td style="vertical-align: bottom; width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25.25pt; padding-right: 17.25pt; text-align: right"><font style="font-size: 10pt">Legal Form</font></td>
    <td style="vertical-align: bottom; width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25.25pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">Jurisdiction</font></td>
    <td style="vertical-align: bottom; width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25.25pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">Grantor Held</font></td>
    <td style="vertical-align: bottom; width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25.25pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt"># Outstanding</font></td>
    <td style="vertical-align: top; width: 10%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.2in 0pt 0.05in; text-align: left">% Pledged of</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: left">Outstanding</P></td>
    <td style="vertical-align: bottom; width: 10%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25.25pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">Par</font></td></tr>
<tr>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12.75pt; padding-left: 5.55pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <td style="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: left">Stoneridge</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.05in; text-align: left">Electronics, Inc.</P></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-right: 17.25pt; text-align: right"><font style="font-size: 10pt">Corporation</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">Texas</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">100</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">100</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">100%</font></td>
    <td style="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">No par common</font></td></tr>
<tr>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12.75pt; padding-left: 5.55pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <td style="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Control Devices, Inc.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-right: 17.25pt; text-align: right"><font style="font-size: 10pt">Corporation</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">Massachusetts</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">100</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">100</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">100%</font></td>
    <td style="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">No par common</font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12.75pt; padding-bottom: 0.15pt; padding-left: 5.55pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-bottom: 0.15pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">SRI Holdings CV</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 0.15pt; padding-left: 0.05in; text-align: left"><font style="font-size: 10pt">Limited Partnership</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-bottom: 0.15pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">Netherlands</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 0.15pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">99% limited partner</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-bottom: 0.15pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">65%</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-bottom: 0.15pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">N/A</font></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-bottom: 0.15pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Control Devices, Inc.</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-bottom: 0.15pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">SRI Holdings CV</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 0.15pt; padding-left: 0.05in; text-align: left"><font style="font-size: 10pt">Limited Partnership</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-bottom: 0.15pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">Netherlands</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-bottom: 0.15pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">1% general partner</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: left"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-bottom: 0.15pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">65%</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-bottom: 0.15pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">N/A</font></td></tr>
<tr>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12.75pt; padding-left: 5.55pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <td style="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge do Brasil Participa&ccedil;&otilde;es Ltda.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-right: 17.25pt; text-align: right"><font style="font-size: 10pt">Corporation</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">Brazil</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">8,200,844,064</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">8,200,844,065</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">99.99%</font></td>
    <td style="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">BRL $.01 Quotas</font></td></tr>
<tr>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12.75pt; padding-left: 5.55pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">PST Eletronica Ltda.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-right: 17.25pt; text-align: right"><font style="font-size: 10pt">Corporation</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">Brazil</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">3,541,077,580</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">9,428,904,801</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">28.555556%</font></td>
    <td style="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">BRL $.01 Quotas</font></td></tr>
<tr>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 25pt; padding-left: 5.55pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-right: 0.15in; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">TED de Mexico SA de CV</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-right: 17.25pt; text-align: right"><font style="font-size: 10pt">Corporation</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">Mexico</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">998</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">1,000</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">65%</font></td>
    <td style="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Peso 1 par Series A Ordinary</font></td></tr>
<tr>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 25pt; padding-left: 5.55pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-right: 0.15in; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">TED de Mexico SA de CV</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-right: 17.25pt; text-align: right"><font style="font-size: 10pt">Corporation</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">Mexico</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">1,398,968</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">1,398,968</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">65%</font></td>
    <td style="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Peso 1 par Series B Ordinary</font></td></tr>
<tr>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 25pt; padding-left: 5.55pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.75pt; padding-right: 0.15in; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">TED de Mexico Servicios S.A. de C.V.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-right: 17.25pt; text-align: right"><font style="font-size: 10pt">Corporation</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">Mexico</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">29</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">30</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 25pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">65%</font></td>
    <td style="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.4pt; text-align: left">Peso 100 par</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.4pt; text-align: left">Ordinary</P></td></tr>
<tr style="vertical-align: top">
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12.5pt; padding-left: 5.55pt; text-align: left"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">Stoneridge Asia Holdings Ltd.</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.5pt; padding-right: 17.25pt; text-align: right"><font style="font-size: 10pt">Corporation</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.5pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">Mauritius</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.5pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">3,580,348</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.5pt; padding-left: 5.3pt; text-align: left"><font style="font-size: 10pt">3,580,348</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 12.5pt; padding-left: 5.05pt; text-align: left"><font style="font-size: 10pt">65%</font></td>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt">No par Ordinary</font></td></tr>
</table>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">(ii) <U>PLEDGED NOTES</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="background-color: #FFFF99">
    <td style="width: 42%; border: black 1pt solid; padding-top: 2.7pt; padding-right: 94.25pt; text-align: right"><font style="font-size: 10pt">Name of Issuer</font></td>
    <td style="width: 19%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 2.7pt; padding-right: 26.4pt; text-align: right"><font style="font-size: 10pt">Name of Holder</font></td>
    <td style="width: 29%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 2.7pt; padding-right: 68.85pt; text-align: right"><font style="font-size: 10pt">Description</font></td>
    <td style="width: 10%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 2.7pt; padding-right: 19.3pt; text-align: right"><font style="font-size: 10pt">Value</font></td></tr>
<tr>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 12.3pt; padding-bottom: 8.5pt; padding-left: 6pt; text-align: left"><font style="font-size: 10pt">Stoneridge European Holdings B.V.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 21.2pt; padding-right: 48.9pt; text-align: right"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 21.2pt; padding-right: 95.85pt; text-align: right"><font style="font-size: 10pt">Intercompany Loan</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 21.2pt; padding-right: 5.8pt; text-align: right"><font style="font-size: 10pt">US$ 3.6M</font></td></tr>
<tr>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 9.2pt; padding-bottom: 8.95pt; padding-left: 6pt; text-align: left"><font style="font-size: 10pt">Stoneridge Pollak Holdings Limited</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 18.05pt; padding-right: 48.9pt; padding-bottom: 0.1pt; text-align: right"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 18.05pt; padding-right: 95.85pt; padding-bottom: 0.1pt; text-align: right"><font style="font-size: 10pt">Intercompany Loan</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 18.05pt; padding-right: 5.8pt; padding-bottom: 0.1pt; text-align: right"><font style="font-size: 10pt">US$ 4.9M</font></td></tr>
<tr>
    <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 9.4pt; padding-bottom: 8.5pt; padding-left: 6pt; text-align: left"><font style="font-size: 10pt">Stoneridge Asia Pacific Electronics (Suzhou) Co. Ltd.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 18.05pt; padding-right: 48.9pt; text-align: right"><font style="font-size: 10pt">Stoneridge, Inc.</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 18.05pt; padding-right: 95.85pt; text-align: right"><font style="font-size: 10pt">Intercompany Loan</font></td>
    <td style="vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 18.05pt; padding-right: 5.8pt; text-align: right"><font style="font-size: 10pt">US$ 5.9M</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><U>BONDS:</U> - NONE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><U>GOVERNMENT SECURITIES:</U> - NONE</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

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