Jason Industries, Inc. announced the fourth amended and restated forbearance agreement, dated as of June 3, 2020, is entered into by and among Jason Incorporated, a Wisconsin corporation (the “Borrower”), the Guarantors identified on the signature pages hereto, and the Lenders appearing on the signature pages hereto. Each of the foregoing shall be referred to herein as a “Party” and collectively as the “Parties.” Capitalized terms used in this Agreement and not defined herein shall have the meanings ascribed thereto in the Credit Agreement. Whereas, the Loan Parties, the Lenders, The Bank of New York Mellon, as administrative agent and certain other parties are party to that certain First Lien Credit Agreement, dated as of June 30, 2014; WHEREAS, the Borrower has informed the Administrative Agent and the Forbearing Lenders that it may fail to pay interest with respect to certain of the loans under the Second Lien Credit Agreement (as defined in the Credit Agreement) due on March 31, 2020, which failure, if it occurs, will constitute an Event of Default under Section 8.01(e) of the Credit Agreement after the grace period there for under the Second Lien Credit Agreement; Whereas, the Borrower has informed the Administrative Agent and the Forbearing Lenders that it may fail to deliver the consolidated budget (as required pursuant to Section 6.01(c) of the Credit Agreement) due on April 29, 2020, which failure, if it occurs, after giving effect to any grace period applicable thereto, will constitute an Event of Default under Section 8.01(c) and, to the extent the applicable lenders under the Second Lien Credit Agreement do not waive any corresponding Event of Default under the Second Lien Credit Agreement, an Event of Default under Section 8.01(e); Whereas, the Loan Parties have requested that the Forbearing Lenders temporarily forbear, notwithstanding the occurrence of the Designated Defaults from accelerating the unpaid principal amount of the outstanding Loans and otherwise exercising remedies pursuant to Section 8.02 of the Credit Agreement and corresponding provisions of any other Loan Document or applicable Laws; Whereas, pursuant to the terms of the Second A&R Agreement (as defined below), the “Scheduled Forbearance Period End Date” was May 31, 2020, at 11:59 pm New York time; Whereas, on May 31, 2020, the Borrower requested that the Required Lenders agree to extend the Forbearance Period through June 3, 2020 and, on such date, the Required Lenders confirmed the effectiveness of the Initial Extension; Whereas, on June 3, 2020, the Borrower and Required Lenders agreed to extend the Forbearance Period through June 5, 2020. Whereas, the Borrower requests to formally document the Second Extension through an amendment and restatement of the Third A&R Agreement; and Whereas, the Forbearing Lenders (which constitute the Required Lenders) agree to accommodate such requests of the Loan Parties on the terms and subject to the conditions set forth herein.