Amendment No.1 to Lease Agreement - Module (DE) Limited Partnership



 Exhibit 10.38 
 FIRST AMENDMENT TO LEASE 
 THIS FIRST
AMENDMENT TO LEASE (the “Amendment”) made as of November 15, 2002 by and among MODULE (DE) LIMITED PARTNERSHIP, a Delaware limited partnership “Landlord”) with an address at c/o W.P. Carey &
Co. LLC, 50 Rockefeller Plaza, 2nd Floor, New York, New York 10020 and TOWER AUTOMOTIVE PRODUCTS COMPANY, INC., a Delaware corporation and TOWER AUTOMOTIVE TOOL LLC, a Michigan limited liability company (jointly and severally,
“Tenant”) each with an address at 5211 Cascade Road, Grand Rapids, Michigan 49546. 
 RECITALS

 WHEREAS, Landlord and Tenant entered into a Lease Agreement (the “Lease”) dated as of
April 10, 2002 for property situate in Auburn, IN, Bluffton, OH (the “Bluffton Premises”), and Milan, TN. 
 WHEREAS, Tenant wishes to construct an addition to the improvements located at the Bluffton Premises as described in the documents (the “Plans”) attached hereto as Exhibit “H” (the
“Project”); 
 WHEREAS, pursuant to Paragraph 13 of the Lease, Tenant is required to obtain the consent
of the Landlord prior to constructing the Project. 
 WHEREAS, Landlord is willing to consent to Tenant constructing the
Project provided Tenant complies with the terms and conditions of this Amendment. 
 NOW THEREFORE, for good and valuable
consideration, the receipt of which is hereby acknowledged by each party hereto, Landlord and Tenant hereby agree as follows: 
 1. The Lease is hereby amended by inserting a new Paragraph 13(c) as follows: 
 “(c) Landlord
hereby gives its consent to the construction of an addition (the “Project”) to the Bluffton Premises as described in the plans and specifications (the “Plans”) attached hereto as Exhibit “H” subject to the
following terms and conditions: 
 (i) Prior to commencement of construction of the Project, but no later than
December 15, 2002, Tenant shall provide Landlord a certificate (the “Pre-Commencement Certificate”) from Tenant in form and substance reasonably acceptable to Landlord and Lender, certifying to Landlord and Lender that all
necessary permits and approvals have been obtained and all requirements of all laws, statutes and ordinances applicable to the Project (collectively, the “Laws”) have been satisfied. 
 (ii) Within thirty (30) days of the delivery by Tenant to Landlord of the Pre-Commencement Certificate, Tenant shall
commence construction of the Project and diligently cause the Project to be completed, including all punch-list items, in a good and workmanlike manner in accordance with the Plans no later than June 30, 2003. 







 (iii) Within fifteen (15) days after completion of the Project,
including completion of all punch-list items, Tenant shall deliver to Landlord the following items, each in form and substance acceptable to Landlord and Lender: 
 (A) A certificate of each Tenant certifying that (1) the Project has been completed substantially in accordance with
the Plans, in a good and workmanlike manner and in accordance with all Laws and (2) the Bluffton Premises is lien-free; 
 (B) Evidence of title insurance insuring Lender that the lien of the Lender’s deed of trust remains a first lien upon the Bluffton Premises prior and superior to all encumbrances except those shown
in Lender’s original title insurance policy or subsequently approved by Lender in writing; 
 (C) Evidence
of hazard insurance covering the entire Leased Premises, including, without limitation, the Project, naming Landlord and Lender as loss payee and otherwise in amount, form and content satisfactory to Landlord and Lender; 
 (D) A complete release of liens for the Bluffton Premises signed by the Tenant’s general contractor and all
subcontractors; 
 (E) Evidence of approval (including permanent occupancy permits or comparable instruments,
and/or other permits if required) by all official governmental bodies whose approval is required of the completed Project, the permanent occupancy thereof and the intended uses thereof; 
 (F) A volume containing all warranties and indemnities for the Project (which shall include a roof warranty or bond of not
less than 10 years), each of which shall be enforceable by Landlord; 
 (G) The as-built Plans for the Project;

 (H) An as-built ALTA survey of the Bluffton Premises certified to Landlord and Lender; and 
 (I) An updated zoning report prepared by an independent third party confirming that the Project has been constructed in
accordance with applicable zoning and land use laws. 
 (iv) Promptly upon demand by Landlord, Tenant shall
reimburse Landlord for all reasonable costs and expenses paid or incurred by Lender, Lender’s servicer or Landlord in connection with the review and approval of the requested consent for the Project and the satisfaction of the conditions set
forth in this Paragraph 13(c), including, without limitation, all inspection fees paid or incurred by Lender’s servicer or Landlord in connection with the Project. Such costs to date include, without limitation, a $750.00 processing fee payable
to Lender’s servicer. 
  

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 (v) The Project shall be (A) constructed in accordance with Paragraph
13(b) of this Lease, (B) deemed “Work” for the purposes of Paragraph 13(b) of the Lease and (C) deemed a part of the Improvements subject to the Lease.” 
 2. The Lease is hereby further amended by adding a new Exhibit “H” in the form attached hereto. 
 3. Except as expressly stated herein, nothing herein is intended to or shall be deemed to modify or amend any of the terms or provisions of
the Lease. 
 4. All undefined capitalized terms used herein shall have the same meanings as set forth in the Lease. 

5. This Amendment may be executed in any number of and by different parties hereto on separate counterparts, all of which, when so
executed, shall be deemed an original, but all such counterparts shall constitute one and the same agreement. 
 6. 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. 
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 IN WITNESS WHEREOF, Landlord and each Tenant has caused this Amendment to be duly
executed as of the day and year first above written. 
  

									
	WITNESSES:	 		 	LANDLORD:
			
		 		 	MODULE (DE) LIMITED PARTNERSHIP,
a Delaware limited partnership
				
		 		 	By:	 	SUSPENSION (DE) QRS 51-1, INC.,
general partner
					
	 /s/ Holly C. Mauro
	 		 		 	By:	 	 /s/ Donna M. Neiley

					
	 /s/ Tom Lewis
	 		 		 	Title:	 	Senior Vice President
			
	WITNESSES:	 		 	TENANT:
			
		 		 	TOWER AUTOMOTIVE PRODUCTS COMPANY, INC.,
a Delaware corporation
				
	 /s/ Sally J. Baxter
	 		 	By:	 	 /s/ Daniel Webber

					
	 /s/ Alicia Brokoff
	 		 		 	Title:	 	Vice President
			
	WITNESSES:	 		 	TOWER AUTOMOTIVE TOOL LLC,
a Michigan limited liability company
				
		 		 	By:	 	 Tower Automotive Michigan Limited
 Partnership, a Michigan limited partnership,
 Its sole member and manager

					
	 /s/ Sally J. Baxter
	 		 		 	By:	 	Tower Automotive Services and Technology, Inc.
	 /s/ Alicia Brokoff
	 		 		 		 	a Delaware corporation,
its general partner
				
		 		 	By:	 	 /s/ Daniel Webber

				
		 		 	Title:	 	Vice President

  

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 EXHIBIT “H” 
 [Plans and Specs and description of Project to be Attached] 
  

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