Document:

Letter Agreement Amendment to Employment Agreement - James Gouin

 Exhibit 10.52 

June 1, 2010 
 Mr. James C.
Gouin 
 Dear Jim: 
 Reference is
hereby made to the Employment Agreement, as amended, between Tower Automotive Operations USA I, LLC (the “Company”) and you dated as of November 1, 2007 (the “Employment Agreement”). Capitalized terms used in
this letter and not specifically defined in this letter shall have the meanings set forth in the Employment Agreement. The purpose of this letter is to memorialize the extension of the employment relationship under the Employment Agreement (as
contemplated by Section 2 of the Employment Agreement) and our mutual agreement with respect to the “Severance Amount” (under Section 5.2(b) of the Employment Agreement). 

Subject to your acceptance of the terms set forth in this letter (by signing the enclosed copy of this letter and returning it to me within the time
frame provided): 
  

	1.	Extension Notice. This letter shall serve as the Company’s written notice to you of its intention to extend the Term of the Employment Agreement and shall
be deemed the Extension Notice contemplated under Section 2 of the Employment Agreement. 

  

	2.	Term. Section 2 of your Employment Agreement is hereby amended to permit the Company to extend your Employment Agreement for periods of either one or two
years (rather than just one-year extension periods). To effect this change, the second sentence of Section 2 is hereby amended and restated to read: 

“Effective upon the expiration of the Initial Term and of each Additional Term (as defined below), if any, this Agreement and the
employment relationship hereunder may be extended for an additional period of one (1) or, if you agree, two (2) years, subject to earlier termination pursuant to Section 5, (each, an “Additional Term”), in each such case
commencing upon the expiration of the Initial Term or the then-current Additional Term, as the case may be, but only if, at least sixty (60) calendar days prior to the expiration of the Initial Term or the then-current Additional Term, as the
case may be, the Company shall have given written notice to the Employee of its intention to extend the Term of this Agreement and the time period (one or, if you agree, two years) of the extension (the “Extension Notice”).”

 Upon expiration of the first Additional Term (i.e., October 31, 2010), the employment relationship
shall be extended for a second Additional Term, which shall be for a period of two (2) years commencing on November 1, 2010, subject to earlier termination pursuant to Section 5 of the Employment Agreement (the “Second
Additional Term”). 

	3.	Base Salary. During the course of the Second Additional Term, and pursuant to Section 4.1 of your Employment Agreement, on an annual basis the Compensation
Committee shall consider whether to increase your base salary, and such increases, if any, shall take effect on January 1, 2011 and January 1, 2012 respectively. 

 

	4.	Severance Amount. Effective as of November 1, 2010, the Severance Amount shall include not only an amount equal to one (1) times your annualized rate
of Base Salary in effect as of the effective date of the termination, but also a pro-rated bonus for the year of your termination based on the actual awards for the plan year of your termination to the extent determinable by the due date for payment
of this bonus amount (or, if the actual awards are not then determinable, based on a reasonable good faith determination by the Company of the expected amount of the actual awards). Accordingly, effective as of November 1, 2010,
Section 5.2(b)(i) of the Employment Agreement is hereby deleted and replaced with the following: 

 “(i)
an aggregate amount (the “Severance Amount”) equal to: 
 (A) one times Employee’s annualized rate of Base Salary
as of the effective date of termination (the “Base Severance Amount”); and 
 (B) a pro-rated bonus for the year of
Employee’s termination based on the actual awards for the plan year of Employee’s termination (to the extent determinable by March 15 of the year following the year to which the bonus relates). The amount will be pro-rated based on
the number of days in the calendar year up to and including the date of termination in relation to the total number of days in the calendar year. If the actual awards are not determinable by March 15 of the year following the year to which the
bonus relates, the Company shall instead determine the amount of the pro-rated bonus based on a reasonable good faith determination of the expected amount of the actual awards (the “Bonus Severance Amount”). 

The Base Severance Amount, less standard income and payroll tax withholdings and other authorized deductions, shall be payable in twelve
(12) equal monthly installments, commencing within seventy-five (75) days following the Employee’s date of termination, but not later than March 15 of the year following the year in which the Employee’s date of termination
occurs; provided, however, that payment of the Base Severance Amount shall not commence unless the Release becomes effective. Each installment of the Base Severance Amount shall be treated as a separate payment for purposes of Section 409A of
the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the “Code”). 
 The Bonus
Severance Amount, less standard income and payroll tax withholdings and other authorized deductions, shall be payable in a single lump sum between January 1 and March 15 of the year following the year in which the Employee’s date of
termination occurs; provided, however, that payment of the Bonus Severance Amount shall not be made unless the Release becomes effective; and” 

 Except as specifically set forth in this letter, all terms of the Employment Agreement shall remain
unmodified and in full force and effect. 
 Please acknowledge your understanding and agreement with the terms set forth in this letter by
signing the enclosed copy of this letter and returning it to me on or before June 30, 2010. If you do not sign and return this letter within the time frame provided, this letter (including, without limitation, the Extension Notice) shall be
void and of no force and effect. 
 We look forward to your continued service to the Company 

TOWER AUTOMOTIVE, LLC. 
  

			
	By:	 	 /s/ Mark Malcolm

		 	Mark Malcolm, President & CEO

 Agreed and
accepted this 7th day of June, 2010 
  

	
	 /s/ James C. Gouin

	James C. GouinSeries A Senior Note Supplemental Indenture

 Exhibit 4.3 

SERIES A SENIOR NOTE SUPPLEMENTAL INDENTURE 

SERIES A SENIOR NOTE SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as of June 30, 2010, among Clear
Channel Worldwide Holdings, Inc., a Nevada corporation (the “Issuer”), the guarantors listed on Schedule I hereto (the “Guarantors”) and U.S. Bank National Association, a national banking association, as trustee
under the indenture referred to below (the “Trustee”). 
 WITNESSETH: 

WHEREAS, the Issuer and the Guarantors have heretofore executed and delivered to the Trustee an indenture (the
“Indenture”), dated as of December 23, 2009, providing for the issuance of 9.25% Series A Senior Notes due 2017 (the “2017 A Notes”); 

WHEREAS, Section 9.01 of the Indenture provides that the Issuer, any Guarantor (with respect to a Guarantee to which it is a
party or the Indenture) and the Trustee may, at any time and from time to time, amend the Indenture to cure any ambiguity, omission, mistake, defect or inconsistency without the consent of any Holder; and 

WHEREAS, the Issuer, the Guarantors and the Trustee wish to amend the Indenture as set forth herein. 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby
acknowledged, the Issuer, the Guarantors and the Trustee hereto agree as follows: 
 1. Capitalized Terms. Capitalized
terms used herein without definition shall have the meanings assigned to them in the Indenture. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to
this Supplemental Indenture as a whole and not to any particular section hereof. 
 2. Ratification of Indenture;
Supplemental Indenture Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every Holder of 2017 A Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 

3. Amendment to Indenture. Pursuant to Section 9.01(1) of the Indenture, Section 4.07 of the Indenture is
hereby amended, effective as of the Issue Date, as follows: 
 The words “other than” before the colons in clauses
(1) and (3) of Section 4.07(a) of the Indenture shall be deleted and replaced with the word “including”. 

4. Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 

 5. Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 6. Effect of
Headings. The section headings herein are for convenience only and shall not affect the construction hereof. 
 7. The
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein. 

8. Successors. All agreements of the Issuer and the Guarantors in this Supplemental Indenture shall bind their respective
successors, except as otherwise provided in the Indenture or in this Supplemental Indenture. All agreements of the Trustee in this Supplemental Indenture shall bind its successors. 

 

 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the date first above written. 
 ISSUER: 

 

			
	Clear Channel Worldwide Holdings, Inc.
		
	By:	 	 /s/     THOMAS W.
CASEY        

	Name:	 	Thomas W. Casey
	Title:	 	EVP and Chief Financial Officer

 GUARANTORS: 

  

			
	Clear Channel Outdoor Holdings, Inc.
		
	By:	 	 /s/     THOMAS W.
CASEY        

	Name:	 	Thomas W. Casey
	Title:	 	EVP and Chief Financial Officer
	
	Clear Channel Outdoor, Inc.
		
	By:	 	 /s/     THOMAS W.
CASEY        

	Name:	 	Thomas W. Casey
	Title:	 	EVP and Chief Financial Officer

  

 3 

			
	Clear Channel Adshel, Inc.
		
	By:	 	 /s/     THOMAS W.
CASEY        

	Name:	 	Thomas W. Casey
	Title:	 	EVP and Chief Financial Officer
	
	1567 Media LLC
		
	By:	 	 /s/     THOMAS W.
CASEY        

	Name:	 	Thomas W. Casey
	Title:	 	EVP and Chief Financial Officer
	
	Clear Channel Spectacolor, LLC
		
	By:	 	 /s/     THOMAS W.
CASEY        

	Name:	 	Thomas W. Casey
	Title:	 	EVP and Chief Financial Officer
	
	Clear Channel Outdoor Holdings Company Canada
		
	By:	 	 /s/     THOMAS W.
CASEY        

	Name:	 	Thomas W. Casey
	Title:	 	EVP and Chief Financial Officer
	
	Outdoor Management Services, Inc.
		
	By:	 	 /s/     THOMAS W.
CASEY        

	Name:	 	Thomas W. Casey
	Title:	 	EVP and Chief Financial Officer

  

 4 

			
	In-ter-space Services, Inc.
		
	By:	 	 /s/     THOMAS W.
CASEY        

	Name:	 	Thomas W. Casey
	Title:	 	EVP and Chief Financial Officer

  

 5 

 TRUSTEE: 

 

			
	U.S. Bank National Association
		
	By:	 	 /s/     BRAD
HOUNSEL        

	Name:	 	Brad Hounsel
	Title:	 	Vice President

  

 6 

 Schedule I to Supplemental Indenture 

Guarantors 
 Clear
Channel Outdoor Holdings, Inc. 
 Clear Channel Outdoor, Inc. 

Clear Channel Adshel, Inc. 
 1567 Media LLC

 Clear Channel Spectacolor, LLC 

Clear Channel Outdoor Holdings Company Canada 

Outdoor Management Services, Inc. 
 In-ter-space
Services, Inc. 
  

 7

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