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Exhibit 10
 

 
FIFTH AMENDMENT
 
TO
 
ASSET PURCHASE AGREEMENT
 
DATED AS OF FEBRUARY 28, 2005
 
BY AND AMONG
 

 
THE GOODYEAR TIRE & RUBBER COMPANY,
 
GOODYEAR CANADA INC.,
 
GOODYEAR SERVICIOS COMERCIALES, S. DE R.L. DE C.V.,
 
THE KELLY-SPRINGFIELD TIRE CORPORATION
 
AND
 
TITAN TIRE CORPORATION
 
________________________________________
 
DATED AS OF DECEMBER 1, 2005
 
 
 

 

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FIFTH AMENDMENT
 
TO
 
ASSET PURCHASE AGREEMENT
 
THIS FIFTH AMENDMENT (this “Fifth Amendment”), dated as of December 1, 2005, to
the Asset Purchase Agreement, dated as of February 28, 2005, by and among the
parties hereto, as amended by the First Amendment thereto, dated as of June 29,
2005, the Second Amendment thereto, dated as of August 31, 2005, the Third
Amendment thereto, dated as of September 30, 2005, and the Fourth Amendment
thereto, dated as of October 31, 2005 (the “Agreement”), is made by and among
Titan Tire Corporation, a corporation organized under the laws of the State of
Illinois (“Purchaser”), The Goodyear Tire & Rubber Company (“Goodyear”), a
corporation organized under the laws of the State of Ohio, Goodyear Canada Inc.,
an Ontario corporation (“Goodyear Canada”), Goodyear Servicios Comerciales, S.
de R.L. de C.V., a Mexican sociedad de responsabilidad limitada (“Goodyear
Mexico”) and The Kelly-Springfield Tire Corporation, a Delaware corporation
(collectively with Goodyear, Goodyear Canada and Goodyear Mexico, “Sellers”, and
each individually, a “Seller”). Capitalized terms not defined herein shall have
the meanings ascribed to them in the Agreement.
 
 
RECITALS
 
A. Under Article 11 of the Agreement, Purchaser or Sellers may terminate the
Agreement (i) if the Closing has not occurred by the close of business on
December 1, 2005 or (ii) if Purchaser has not executed an agreement with the
Local Union meeting the description set forth in Section 9.3(h) of the Agreement
on or before December 1, 2005.
 
B. Sellers and Purchaser wish to amend the Agreement to extend the foregoing
deadlines.
 
NOW, THEREFORE, the parties, intending to be legally bound, hereby amend the
Agreement, effective immediately, as follows:
 
I.  Sections 11.1(b) and 11.1(e) of the Agreement are hereby amended to replace
“December 1, 2005”, in each such Section, with “December 31, 2005”.
 
II. In all other respects, the Agreement shall remain in full force and effect,
as amended by this Fifth Amendment. For avoidance of doubt, this Fifth Amendment
may be executed in counterparts as provided in Section 12.10 of the Agreement.