SECONDAMENDMENT TO THE RESTRUCTURINGAND LOCK UP AGREEMENT

WHEREAS, the Parties entered into that certain Restructuring and Lock Up Agreement, dated as of September 3, 2009 and amended on September 14, 2009 (the “Agreement”) for the purpose of mutually agreeing to the terms of a pre-packaged bankruptcy filing of the Nortek Parties;

WHEREAS, the Agreement provides that (a) no later than October 20, 2009, the Nortek Parties shall file voluntary petitions for relief under chapter 11 of the Bankruptcy Code, (b) the Agreement may be terminated by a specified vote of the Consenting Debtholders on October 20, 2009, unless the Nortek Parties have commenced chapter 11 cases and (c) the Forbearance Period shall terminate on the earlier of (i) the Commencement Date, (ii) the date of an occurrence of a Forbearance Default or (iii) October 20, 2009;

WHEREAS, in entering into the Agreement, it was the intention of the Parties thereto that the Nortek Parties would commence their chapter 11 cases no later than October 20, 2009;

WHEREAS, the Agreement provides that once effective, it may be amended in accordance with Section 8 of the Agreement; and

 
 

WHEREAS, the Nortek Parties and the Consenting Debtholders constituting the Requisite Debtholder Consent have agreed to enter into this amendment of the Agreement (this “Second Amendment”) to amend the Agreement, effective as of October 19, 2009, to extend the date by which the Nortek Parties shall be required to commence the chapter 11 cases.

NOW, THEREFORE, in consideration of the foregoing, the mutual agreements and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.           In Section 2.01 of the Agreement, “October 20, 2009” shall be deleted, and “11:59 PM, prevailing Eastern time, on October 27, 2009” shall be inserted in lieu thereof.

2.           In Section 3.03(a)(iii) of the Agreement, “October 20, 2009” shall be deleted, and “11:59 PM, prevailing Eastern time, on October 27, 2009” shall be inserted in lieu thereof.

3.           In Section 7.01(g) of the Agreement, “October 20, 2009” shall be deleted, and “11:59 PM, prevailing Eastern time, on October 27, 2009” shall be inserted in lieu thereof.

4.           The Parties also clarify and confirm their agreement that Section 11.6 of the Prepackaged Plan is intended to provide that each Person who is entitled to receive a distribution under the Prepackaged Plan shall release all “Released Parties” (as defined in the Prepackaged Plan) in respect of any and all applicable Claims, demands, causes of action and the like that such Person may have (including, without limitation, any NTK 10-3/4% Notes Claims or NTK Holdings Senior Secured Loan Claims (each as defined in the Prepackaged Plan) such Person may hold), without regard to whether or not the Prepackaged Plan is confirmed with respect to NTK Holdings and/or Nortek Holdings.

5.           This Second Amendment may be executed in one or more counterparts, each of which, when so executed, shall constitute an original and all of which shall constitute one instrument.  The counterparts may be delivered by facsimile transmission or by electronic mail in portable document format (.pdf).

6.           This Second Amendment shall be effective as of October 19, 2009, upon the execution of the Nortek Parties and the Consenting Debtholders constituting the Requisite Debtholder Consent, and shall only be amended in accordance with Section 8 of the Agreement.

7.           Except as specifically amended or consented to herein, there are no other amendments, modifications, or other alterations to the Agreement.

8.           Capitalized terms not defined herein shall have the meanings given to them in the Agreement, and in the event of any inconsistency between the two, the Agreement shall control.

IN WITNESS WHEREOF, the Parties have executed this Second Amendment on the day and year first above written.

 

NTK HOLDINGS, INC.   By:  /s/Kevin W. Donnelly Name:  Kevin W. Donnelly Title:    Vice President, General Counsel   NORTEK HOLDINGS, INC.   By:  /s/Kevin W. Donnelly Name:  Kevin W. Donnelly Title:    Vice President, General Counsel   NORTEK, INC.   By:  /s/Kevin W. Donnelly Name:  Kevin W. Donnelly Title:    Vice President, General Counsel

 

 

AIGIS MECHTRONICS, INC. BROAN-MEXICO HOLDINGS, INC. BROAN-NUTONE LLC BROAN-NUTONE STORAGE SOLUTIONS LP CES GROUP, INC. CES INTERNATIONAL LTD. CLEANPAK INTERNATIONAL, INC. ELAN HOME SYSTEMS, L.L.C. GEFEN, INC. GOVERNAIR CORPORATION GTO, INC. HC INSTALLATIONS, INC. HUNTAIR, INC. INTERNATIONAL ELECTRONICS, INC. LINEAR H.K. LLC LINEAR LLC LITE TOUCH, INC. MAGENTA RESEARCH LTD. MAMMOTH-WEBCO, INC. NILES AUDIO CORPORATION NORDYNE INC. NORDYNE INTERNATIONAL, INC. NORTEK INTERNATIONAL, INC. NUTONE LLC OMNIMOUNT SYSTEMS, INC. OPERATOR SPECIALTY COMPANY, INC. PACIFIC ZEPHYR RANGE HOOD, INC. PANAMAX INC. RANGAIRE GP, INC. RANGAIRE LP, INC. SECURE WIRELESS, INC. SPEAKERCRAFT, INC. TEMTROL, INC. WDS LLC XANTECH CORPORATION ZEPHYR CORPORATION

By:        /s/ Kevin W. Donnelly Name:  Kevin W. Donnelly Title:     Vice President and Secretary   (of entity listed or as an officer of the managing member, sole member or general partner)

 
 

Capital Research and Management Company, for and on behalf of various funds it manages   By:  /s/ Michael J. Downer Name:  Michael J. Downer Title:   Senior Vice President   Address:   333 South Hope Street, 55th Floor      Los Angeles, CA 90071 Attn:            Kristine Nishiyama Tel:              ###-###-#### Fax:             ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes  ____________________

 

[CONSENTING DEBTHOLDER]   By:  ACOF Operating Manager III, LLC, its manager Name:  Jeffrey Schwartz Title:     Vice President   Address: Attn: Tel: Fax:   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

IN WITNESS WHEREOF, the Parties have executed this Agreement on the day and year first written above.

GOLDMAN SACHS ASSET MANAGEMENT, L.P.,  on behalf of its Advised clients listed on the Schedule attached hereto   By:  /s/ Roberta Goss Name:  Roberta Goss Title:     Managing Director   Address:   32 Old Slip 24th Floor New York, NY 10005 Attn:       Roberta Goss Tel:         ###-###-#### E-mail:    ***@***   with a copy to:   Jon Yoder 1 New York Plaza New York, NY 10004 Tel:         ###-###-#### Fax:        ###-###-#### E-mail     ***@***

Schedule to Goldman Sachs Asset Management, L.P. signature page

Advised Client	Aggregate Principal Amount of 8-1/2% Notes	Aggregate Principal Amount of 102% Notes	Aggregate Principal Amount of 10-3/4% Notes
Alaska Permanent Fund Corporation
Universal-Investment-GmbH re/Bayvk R2
California State Teachers' Retirement Systems
Goldman Sachs Collective Trust High Yield Implementation Vehicle
Daughters of Charity Fund P
Investeringsforeningen Laegernes Pensioninvesterings
Goldman Sachs High Yield Fund
Goldman Sachs Global High Yield Portfolio II
Lyondell Master Trust
Helaba Invest Kapitalanlagegesellschaft re/OSD
Blackrock Investment Management (UK) Limited
Cominvest Asset Management S.A.
Factory Mutual Insurance Company
State Street Bank & Trust Company, as trustee for First Plaza Group Trust II
Goldman Sachs Global High Yield Bond Sub-Trust
JPMorgan Chase 401(k) Savings Plan
Kern County Employees' Retirement Association (KCERA)
Goldman Sachs Liquidity Partners 2007, L.P.
Goldman Sachs Liquidity Partners 2007 Offshore, L.P.
Mediolanum Asset Management Ltd.
MeadWestvaco Corporation Master Retirement Trust
Goldman Sachs Global Opportunities Fund, LLC
Goldman Sachs Global Opportunities Fund Offshore, Ltd.
The Regents of the University of California Pioneer Austria Re. ORF
GuideStone Funds: Medium Duration Bond Fund
Goldman Sachs Collective Trust Core Plus Fixed Income Fund
Ford Motor Company Master Trust Fund
Universal Investment GmbH re/ Hewlett Packard Trust e.V.
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
Internationale Kapitalanlagegesellschaft GmbH re/TGV PB24
Orizaha, LP

Fidelity Management & Research Company on behalf of Fidelity Central Investment Portfolios LLC: Fidelity High Income Central Fund 2   By:  /s/ J. Gregory Wass Name:  J. Gregory Wass Title:    Assistant Treasurer   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Fidelity Management & Research Company on behalf of Variable Insurance Products Fund V: Strategic Income Portfolio   By:  /s/ J. Gregory Wass Name:  J. Gregory Wass Title:   Assistant Treasurer   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Fidelity Management & Research Company on behalf of Fidelity School Street Trust: Fidelity Strategic Income Fund   By:  /s/ J. Gregory Wass Name:  J. Gregory Wass Title:   Assistant Treasurer   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Fidelity Management & Research Company on behalf of Fidelity Advisor Series II:  Fidelity Advisor Strategic Income Fund   By:  /s/ J. Gregory Wass Name:  J. Gregory Wass Title:   Assistant Treasurer   Address:   Fidelity Investments     82 Devonshire Street, V13H      Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Fidelity Management & Research Company on behalf of Fidelity Summer Street Trust: Fidelity Capital & Income Fund   By:  /s/ J. Gregory Wass Name:  J. Gregory Wass Title:   Assistant Treasurer   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Fidelity Management & Research Company on behalf of Fidelity Summer Street Trust: Fidelity High Income Fund   By:  /s/ J. Gregory Wass Name:  J. Gregory Wass Title:   Assistant Treasurer   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Fidelity Management & Research Company on behalf of Fidelity Puritan Trust: Fidelity Puritan Fund   By:  /s/ J. Gregory Wass Name:  J. Gregory Wass Title:   Assistant Treasurer   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Fidelity Management & Research Company on behalf of Master Trust Bank of Japan Ltd. Re: Fidelity US High Yield   By:  /s/ J. Gregory Wass Name:  J. Gregory Wass Title:   Assistant Treasurer   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Fidelity Management & Research Company on behalf of Fidelity Funds – US High Income   By:  /s/ J. Gregory Wass Name:  J. Gregory Wass Title:   Assistant Treasurer   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

The Assets Management Committee of Coca-Cola Company Master Retirement Trust   By:  /s/ Dave Censorio Name:  Dave Censorio Title:   Vice President   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Pyramis High Yield Fund, LLC   By:  /s/ Dave Censorio Name:  Dave Censorio Title:   Vice President   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Illinois Municipal Retirement Fund   By:  /s/ Dave Censorio Name:  Dave Censorio Title:   Vice President   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

The Japan Trustee Service Bank LTD Re: MATB Fidelity High Yield Bond Open Mother   By:  /s/ Dave Censorio Name:  Dave Censorio Title:   Vice President   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Fidelity Global Bond Series-US Dollar Monthly Income-US High Yield Pool   By:  /s/ Dave Censorio Name:  Dave Censorio Title:   Vice President   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

IG CAA High Yield Sec   By:  /s/ Dave Censorio Name:  Dave Censorio Title:   Vice President   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

The Japan Trustee Services Bank LTD Re: STB Fidelity Strategic Income Fund Mother   By:  /s/ Dave Censorio Name:  Dave Censorio Title:   Vice President   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Fidelity Investments Canada ULC, As Trustee of The Fidelity Balanced High Income Fund   By:  /s/ Peter Bowen Name:  Peter Bowen Title:   VP & Fund Treasurer   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Fidelity Investments Canada ULC, As Trustee of The Fidelity American High Yield Fund   By:  /s/ Peter Bowen Name:  Peter Bowen Title:   VP & Fund Treasurer   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Fidelity Investments Canada ULC, As Trustee of The Fidelity Canadian Asset Allocation Fund   By:  /s/ Peter Bowen Name:  Peter Bowen Title:   VP & Fund Treasurer   Address:   Fidelity Investments     82 Devonshire Street, V13H     Boston, MA 02109 Attn:           Nate Van Duzer Tel:             ###-###-#### Fax:            ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________

Franklin Advisers, Inc.   By:  /s/ Edward D. Perks Name:  Edward D. Perks Title:     Senior Vice President   Franklin Templeton Investments One Franklin Parkway San Mateo, CA 94403   Attn:              Christine P. Villaluz Tel:                 ###-###-#### Fax:                ###-###-####   Aggregate principal amount of Notes beneficially owned or managed on behalf of accounts that hold or beneficially own such Notes:   8-1/2% Notes: _________________ 10% Notes:  ____________________ 10-3/4% Notes: ________________