NEWYORK 7140707 (2K)
White & Case serves as counsel to the Chrysler Non-TARP Lenders,consisting of certain unaffiliated lenders under that certain First Lien Credit Agreement, dated asof August 3, 2007 (as may have been amended or supplemented, the “Senior Credit Agreement”)among Chrysler and certain of its affiliates, as borrowers, JPMorgan Chase, as administrativeagent, and certain lenders party thereto from time to time (the “Senior Lenders”), under whichthe Senior Lenders are owed $6.9 billion (the “Senior Debt”). The names and addresses of eachof the Chrysler Non-TARP Lenders are set forth on Exhibit A attached hereto.3.
White & Case has represented, at various times prior to today, otherSenior Lenders who have elected for various reasons to withdraw from the Chrysler Non-TARPLenders, and is aware of other Senior Lenders who have not consented to the current proposalmade by the Debtors to the Senior Lenders but who have declined to join the Chrysler Non-TARP Lenders, as a consequence of concerns stemming from publicity of these chapter 11 cases.Each of the Chrysler Non-TARP Lenders will lose money for their investors based on the currentproposal made by the Debtors to the Senior Lenders.4.
None of the Chrysler Non-TARP Lenders hold any credit default swaps orhedges with respect to their holdings of Senior Debt.5.
As of the date hereof, each of the Chrysler Non-TARP Lenders is a holder,or investment advisor to a holder, of the Senior Debt. White & Case has been advised by theChrysler Non-TARP Lenders that, as of the date hereof, they collectively are the beneficialowner of, or the holder or manager of, various accounts with investment authority, contractualauthority or voting authority for more than $295,000,000 principal amount of the Senior Debt.The terms of White & Case’s engagement by the Chrysler Non-TARP Lenders are set forth inthe Agreement of the Chrysler CarCo Lenders Group, which is attached as Exhibit B.