Extension Agreement to Receivables Purchase Agreement among Meritor HVS AB, Viking Asset Purchaser No. 7 IC, and Citicorp Trustee Company Limited

Summary

Meritor HVS AB, Viking Asset Purchaser No. 7 IC, and Citicorp Trustee Company Limited have agreed to extend their existing Receivables Purchase Agreement. The new agreement changes the termination date so that the contract will now end on December 9, 2016. All other terms remain unchanged. The parties have confirmed their acceptance of this extension by signing the letter.

EX-10.L-8 7 exhibit10-l8.htm EXTENSION OF A RECEIVABLES PURCHASE AGREEMENT DATED AS OF OCTOBER 14, 2016 Exhibit

To:

Viking Asset Purchaser No. 7 IC (the “Purchaser”)
Citicorp Trustee Company Limited (the “Programme Trustee”)

14 October 2016

Dear Sirs,

Extension of a receivables purchase agreement between the Purchaser, the Programme Trustee and ourselves as Seller dated 28 June 2011 as amended, (the “Receivables Purchase Agreement”).

We refer to the Receivables Purchase Agreement. We write to record the terms and conditions upon which the parties have agreed to extend the Receivables Purchase Agreement.

In the definition of Termination Event, sub-clause (a) which appears in Clause 1 of the Receivables Purchase Agreement shall be replaced by “December 9, 2016, is reached;”, which, for the avoidance of doubt, means that the Receivables Purchase Agreement will terminate on 9 December 2016.

Please acknowledge your acceptance of the terms and conditions contained in this Letter of Agreement by signing and returning the enclosed duplicate.

Yours faithfully,

for and on behalf of
Meritor HVS AB

/s/ Carl D. Anderson II
Carl D. Anderson II

We accept the terms and conditions set out in the Letter of Agreement of which the foregoing is the duplicate.

/s/ Michael Lombardi
Michael Lombardi, Director
for and on behalf of
Viking Asset Purchaser No. 7 IC

/s/ David Mares
David Mares, Director
for and on behalf of
Citicorp Trustee Company Limited