Exhibit 10.60 


CONFIDENTIAL TREATMENT HAS BEEN REQUESTED AS TO CERTAIN
PORTIONS OF THIS DOCUMENT. EACH SUCH PORTION, WHICH HAS BEEN OMITTED HEREIN AND REPLACED WITH AN ASTERISK [*], HAS BEEN FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.


 


THIRD AMENDMENT TO LEASE AGREEMENT


 


THIS THIRD AMENDMENT
TO LEASE AGREEMENT (this “Amendment”) dated January 24, 2011, effective as of December 3, 2010, by and
between CHASSIS (DE) LIMITED PARTNERSHIP, a Delaware limited partnership (“Landlord”), with an address c/o
W. P. Carey & Co. LLC, 50 Rockefeller Plaza, 2nd Floor, New York, New York 10020, and TOWER AUTOMOTIVE OPERATIONS USA I, LLC,
a Delaware limited liability company and TOWER AUTOMOTIVE OPERATIONS USA II, LLC, a Delaware limited liability company (successors
in interest to Tower Automotive Products Company, Inc. and Tower Automotive Tool, LLC) (collectively, “Tenant”),
with its principal address at 17672 N. Laurel Park Drive, Suite 400E, Livonia, MI 48152.


 


WITNESSETH:


 


WHEREAS, Landlord
and Tenant entered into that certain Lease Agreement, dated as of April 10, 2002, (the “Original Lease”) pursuant
to which Landlord leased to Tenant and Tenant leased from Landlord the Granite City Premises, the Kendallville Premises, the Clinton
Premises and the Upper Sandusky Premises, as more specifically described in the Original Lease, which Original Lease was amended
by that certain First Amendment to Lease Agreement, dated as of October 9, 2002 (the “First Amendment”), and
that certain Second Amendment to Lease Agreement, dated as of July 31, 2007 (the “Second Amendment”, collectively
with the Original Lease and the First Amendment, the “Lease”);


 


WHEREAS, Totall
Metal Recycling, Inc., an Illinois corporation (“Purchaser”) purchased the Granite City Premises from Landlord
pursuant to that certain Agreement of Purchase and Sale, dated as of July 28, 2010, as amended by that certain First Amendment
to Agreement of Purchase and Sale, dated as of October 21, 2010 (collectively, the “Purchase Agreement”), by
and between Landlord, as seller, Purchaser, as buyer and Tenant;


 


NOW, THEREFORE, in
consideration of the mutual promises herein contained and other good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged by the parties, Landlord and Tenant hereby agree as follows:


 


		1.	Change of Premises. Exhibit “A-1” of the Lease is hereby deleted in its entirety
and the following is hereby inserted in lieu thereof:



 


“Intentionally deleted.”


 


		2.	Percentage Allocation. Exhibit “F” of the Lease (“Premise Percentage Allocation
of Basic Rent”) shall be replaced with Exhibit “F” attached hereto.



 


		3.	Basic Rent. Pursuant to Paragraph 1(a)(iii)(A) of Exhibit “D” of the Lease (as
set forth in the Second Amendment), commencing as of the date of this Amendment which date is the First Purchase Option Closing
Date, Basic Rent per annum shall be [*], subject to the adjustments set forth in Exhibit “D” of the Lease.



 



    	 



    	 



    

 


		4.	Security Deposit. Within ten (10) business days from the date of this Agreement, Tenant
shall deliver to Landlord a Letter of Credit or Cash Security Deposit in the amount of [*] which Landlord shall hold in accordance
with the terms of the Lease. Within five (5) business days after the later to occur of (i) and (ii) above, Landlord shall use commercially
reasonable efforts to cause the Letter of Credit in the amount of [*] currently being held by Lender to be returned to Tenant.
For the avoidance of doubt and pursuant to Paragraph 5 of the Second Amendment, on the first anniversary of the First Purchase
Option Closing Date, Landlord may draw on the full amount of the Letter of Credit or withdraw the full Cash Security Deposit being
held which amount Landlord may use towards the reimbursement of defeasance Costs incurred in connection with the release of the
Granite City Premises.



 


		5.	Purchase. The parties hereto agree that, notwithstanding any other provision of the Lease,
the sale of the Granite City Premises to Purchaser in accordance with the Purchase Agreement is affirmed, and the Granite City
Premises shall no longer be subject to the Lease provided that Tenant shall continue to be liable for any Surviving Obligations
with respect to the Granite City Premises. For purposes of clarity, and without limiting the foregoing, the parties agree that
all costs and expenses associated with and incident to the sale of the Granite City Premises, including in connection with the
negotiation, execution and delivery of this Amendment, shall be subject to the provisions of Section 6(c) of the Purchase Agreement.



 


		6.	Modification. Except as expressly set forth herein, nothing herein is intended to or shall
be deemed to modify or amend any of the other terms or provisions of the Lease.



 


		7.	Counterparts. This Amendment may be executed in any number of counterparts and by the different
parties thereto on separate counterparts, each of which, when so executed, shall be deemed an original, but all counterparts shall
constitute but one and the same instrument.



 


		8.	Entire Agreement. This Amendment and the Lease together contain the entire understanding
between the parties hereto and supersedes all prior agreements and understandings, if any, relating to the subject matter hereof
or thereof. Any promises, representations, warranties or guarantees not herein or therein contained and hereinafter made shall
have no force and effect unless in writing, and executed by the party or parties making such representations, warranties or guarantees.
Neither this Amendment nor the Lease nor any portion or provisions hereof or thereof may be changed, modified, amended, waived,
supplemented, discharged, cancelled or terminated orally or by any course of dealing, or in any manner other than by an agreement
in writing, signed by the party to be charged.



 


		9.	Binding Agreement. This Amendment shall not be binding upon Landlord and Tenant until executed
and delivered by both Landlord and Tenant and Lender has executed the Lender’s Consent attached hereto.



 


		10.	Enforceability. If any provision of this Amendment or its application to any person or circumstances
is invalid or unenforceable to any extent, the remainder of this Amendment, or the applicability of such provision to other persons
or circumstances, shall be valid and enforceable to the fullest extent permitted by law and shall be deemed to be separate from
such invalid or unenforceable provisions and shall continue in full force and effect.



 


		11.	Definitions. All capitalized terms used herein and not otherwise defined shall have the
respective meanings ascribed thereto in the Lease.



 



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IN WITNESS WHEREOF, Landlord and Tenant have
caused this Agreement to be duly executed as of the day and year first above written.


 


	 	LANDLORD:
	 	 
	 	CHASSIS (DE) LIMITED PARTNERSHIP, a Delaware limited partnership
	 	 
	 	 	By: TOWER (DE) QRS 14-89, INC., its general partner
	 	 
	 	By:	/s/ Donna M. Neiley	 
	 	Name: Donna M. Neiley
	 	Title: Senior Vice President
	 	 
	 	TENANT:
	 	 
	 	Tower Automotive Operations USA I, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/ James C. Gouin	 
	 	Name:	James C. Gouin	 
	 	Title:	Vice President & CFO	 
	 	 
	 	Tower Automotive Operations USA II, LLC, a Delaware limited liability company
	 	 
	 	By:	/s/ James C. Gouin	 
	 	Name:	James C. Gouin	 
	 	Title:	Vice President & CFO	 


 



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GUARANTOR’S CONSENT


 


TOWER AUTOMOTIVE HOLDINGS
I, LLC, a Delaware limited liability company (“Guarantor”), the Guarantor of TOWER AUTOMOTIVE OPERATIONS USA
I, LLC’s, a Delaware limited liability company and TOWER AUTOMOTIVE OPERATIONS USA II, LLC’s, a Delaware limited liability
company (singly and collectively “Tenant”) obligations under that certain Lease Agreement by and between Tenant,
as tenant, and CHASSIS (DE) LIMITED PARTNERSHIP, a Delaware limited partnership (“Landlord”), as landlord,
dated as of April 10, 2002, as amended by that certain First Amendment to Lease Agreement, dated as of October 9, 2002, and as
amended by that certain Second Amendment to Lease Agreement, dated as of July 31, 2007, pursuant to that certain Guaranty and
Suretyship Agreement, dated as of the July 31, 2007, made by the Guarantor in favor of Landlord, does hereby consent to the terms
and conditions of the Third Amendment to Lease Agreement, dated as of January 24, 2011, by and between Landlord and Tenant.


 


Consent given and effective as of this 24 day of January,
2011.


 


	 	TOWER AUTOMOTIVE HOLDINGS I, LLC, a Delaware limited liability company
	 	 
	 	 	By: TOWER INTERNATIONAL INC., its sole member
	 	 
	 	By:	/s/ James C. Gouin	 
	 	Name:	James C. Gouin	 
	 	Title:	Executive Vice President & CFO	 


 



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LENDER’S CONSENT


 


The undersigned, the servicer
of that certain loan made on April 10, 2002 in the original principal amount of $19,878,130 made by Morgan Stanley Bank to Chassis
(DE) Limited Partnership, hereby consents to the execution and delivery of this Third Amendment to Lease Agreement.


 


Consent given and effective as of this 24th
day of January, 2011.


 


	 	BANK OF AMERICA, NATIONAL ASSOCIATION, successor-by-merger to LaSalle Bank National Association, as Trustee for the Registered Holders of Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-TOP10
	 	 
	 	By: Wells Fargo Bank, National Association, as Master Servicer pursuant to the Pooling and Servicing Agreement
	 	 
	 	By:	/s/ Eric H. Johnson	 
	 	Name: Eric H. Johnson
	 	Title: Assistant Vice President


 



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EXHIBIT F


 


PREMISES PERCENTAGE ALLOCATION OF BASIC RENT


AND


ADDITIONAL BASIC RENT


 


	Kendallville, IN	 	 	22.26	%
	Clinton, MI	 	 	68.61	%
	Upper Sandusky, OH	 	 	9.13	%
	TOTAL:	 	 	100.00	%



 


If any Related Premises ceases to be subject
to this Lease, the percentage shown on this Exhibit F for each of the Related Premises which remains subject to this Lease shall
be adjusted proportionately so that the total of such percentages shall be 100%.


 






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