Document:

Form of Indemnification Agreement

 Exhibit 10.24 

INDEMNITY AGREEMENT 

This Indemnity Agreement (“Agreement”) is made as of
            , 2010 by and between Tower International, Inc., a Delaware corporation (the “Company”), and
                     (“Indemnitee”). 

RECITALS 

WHEREAS, highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or in other
capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the corporation.

 WHEREAS, the Board of Directors of the Company (the “Board”) has determined that, in order to attract and
retain qualified individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving the Company and its subsidiaries from certain liabilities. The Certificate of Incorporation
(the “Charter”) of the Company and the Bylaws (the “Bylaws”) of the Company provide for indemnification of the officers and directors of the Company. Indemnitee may also be entitled to indemnification pursuant to
the General Corporation Law of the State of Delaware (“DGCL”). The Charter, Bylaws and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts may be
entered into between the Company and members of the board of directors, officers and other persons with respect to indemnification. 

WHEREAS, the uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining
such persons. 
 WHEREAS, the Board has determined that the increased difficulty in attracting and retaining such persons is
detrimental to the best interests of the Company and its stockholders and that the Company should act to assure such persons that there will be increased certainty of such protection in the future. 

WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses
on behalf of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue concern that they will not be so indemnified. 

WHEREAS, this Agreement is a supplement to and in furtherance of the Charter and Bylaws and any resolutions adopted pursuant thereto, and
shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder. 

 NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the
Company and Indemnitee do hereby covenant and agree as follows: 
 1. Services to the Company. Indemnitee will serve as a
director and/or officer of the Company and any Enterprise for so long as Indemnitee is duly elected or appointed or until Indemnitee tenders his resignation or is terminated. Indemnitee may at any time and for any reason resign from such position
(subject to any other contractual obligation or any obligation imposed by operation of law), in which event (but in all cases subject to the last sentence of this Section 1 and Section 18 hereof) the Company shall have no obligation under
this Agreement to continue Indemnitee in such position. This Agreement shall not be deemed an employment contract between the Company (or any Enterprise) and Indemnitee. Indemnitee specifically acknowledges that Indemnitee’s employment with the
Company (or any Enterprise), if any, is at will, and the Indemnitee may be discharged at any time for any reason, with or without cause, except as may be otherwise provided in any written employment contract between Indemnitee and the Company (or
any Enterprise), other applicable formal severance policies duly adopted by the Board, or, with respect to service as a director or officer of the Company, by the Charter, the Bylaws and the DGCL. The foregoing notwithstanding, this Agreement shall
continue in force after Indemnitee has ceased to serve as an officer or director of the Company, as provided in Section 18 hereof. 

2. Definitions. For purposes of this Agreement, the following terms shall have the following meanings: 

(a) “Beneficial Owner” shall have the meaning given to such term in Rule 13d-3 under the Exchange Act (as defined below);
provided, however, that Beneficial Owner shall exclude any Person otherwise becoming a Beneficial Owner by reason of the stockholders of the Company approving a merger of the Company with another entity. 

(b) A “Change in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of the
following events: 
 i. Acquisition of Stock by Third Party. Any Person (as defined below), other than Tower
International Holdings, LLC, is or becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of the Company representing thirty percent (30%) or more of the combined voting power of the Company’s then
outstanding securities unless the change in relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the
election of directors; 
 ii. Change in Board. During any period of two (2) consecutive years (not including any
period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board, and any new director (other than a director designated by a person who has entered into an agreement with the Company to effect a
transaction described in Sections 2(b)(i), 2(b)(iii) or 2(b)(iv)) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who
either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute at least a majority of the members of the Board; 

iii. Corporate Transactions. The effective date of a merger or consolidation of the Company with any other entity, other than a
merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such 

 

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merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 51% of the combined voting power
of the voting securities of the surviving entity outstanding immediately after such merger or consolidation and with the power to elect at least a majority of the board of directors or other governing body of such surviving entity; 

iv. Liquidation. The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement for the
sale or disposition by the Company of all or substantially all of the Company’s assets; and 
 v. Other Events.
There occurs any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated under the Exchange Act,
whether or not the Company is then subject to such reporting requirement. 
 (c) “Corporate Status” describes the
status of a person who is or was a director, officer, trustee, partner, managing member, fiduciary, employee or agent of the Company or of any other Enterprise which such person is or was serving at the request of the Company. 

(d) “Disinterested Director” shall mean a director of the Company who is not and was not a party to the Proceeding in respect
of which indemnification is sought by Indemnitee. 
 (e) “Enterprise” shall mean any Subsidiary of the Company and any
other corporation, limited liability company, partnership, limited partnership, limited liability partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a
director, officer, employee, trustee, partner, managing member, fiduciary, employee or agent. 
 (f) “Exchange Act”
shall mean the Securities Exchange Act of 1934, as amended. 
 (g) “Expenses” shall include all reasonable
attorneys’ fees and costs, retainers, court costs, transcript costs, fees of experts and other professionals, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, fax
transmission charges, secretarial services, any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, ERISA excise taxes and penalties, and all other
disbursements or expenses of all types customarily incurred in connection with, or as a result of, prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a
Proceeding. Expenses also shall include (i) Expenses incurred in connection with any appeal resulting from any Proceeding, including without limitation, the premium, security for, and other costs relating to any cost bond, supersedeas bond, or
other appeal bond or its equivalent, (ii) expenses incurred in connection with recovery under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether the Indemnitee is ultimately
determined to be entitled to such indemnification, 
  

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advancement or Expenses or insurance recovery, as the case may be and (iii) for purposes of Section 14(d) only, Expenses incurred by or on behalf of Indemnitee in connection with the
interpretation, enforcement or defense of Indemnitee’s rights under this Agreement, by litigation or otherwise. 
 (h)
“Independent Counsel” shall mean a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent: (i) the Company or
Indemnitee in any matter material to either such party (other than with respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the
Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would
have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 

(i) “Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act; provided, however, that
Person shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company in
substantially the same proportions as their ownership of stock of the Company. 
 (j) The term “Proceeding” shall
include any threatened, pending or completed action, suit, claim, counterclaim, cross claim, arbitration, mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed
proceeding, whether brought in the right of the Company or otherwise and whether of a civil (including intentional or unintentional tort claims), criminal, administrative, regulatory, legislative or investigative nature, including any appeal from
therefrom, in which Indemnitee was, is or will be involved as a party, potential party, non-party witness or otherwise by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any action taken by him or of
any inaction on his part while acting as director or officer of the Company, or by reason of the fact that he is or was serving at the request of the Company as a director, officer, trustee, general partner, managing member, fiduciary, employee or
agent of any other Enterprise, in each case whether or not serving in such capacity at the time any liability or Expense is incurred for which indemnification, reimbursement, or advancement of Expenses can be provided under this Agreement. If the
Indemnitee believes in good faith that a given situation may lead to or culminate in the institution of a Proceeding, this shall be considered a Proceeding under this paragraph. 

(k) “Subsidiary” shall mean, in respect of any Person, any corporation, association, limited liability company, partnership or
other business entity of which more than 50% of the total voting power of shares of capital stock or other interests (including partnership or membership or limited liability company interests) entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by (i) such Person, (ii) such Person and one or more Subsidiaries of such Person or (iii) one
or more Subsidiaries of such Person. 
  

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 (l) References to “fines” shall include any excise tax assessed with respect to
any employee benefit plan; references to “serving at the request of the Company” shall include any service as a director, officer, trustee, partner, managing member, fiduciary, employee or agent of the Company or which imposes duties on,
or involves services by, such director, officer, trustee, partner, managing member, fiduciary, employee or agent with respect to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner he
reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as such terms are referred to in
this Agreement and used in the DGCL. 
 3. Indemnity in Third-Party Proceedings. The Company shall indemnify and hold
harmless Indemnitee in accordance with the provisions of this Section 3 if Indemnitee was, is made, or is threatened to be made, a party to or a participant in (as a witness or otherwise) any Proceeding, other than a Proceeding by or in
the right of the Company to procure a judgment in its favor. Pursuant to this Section 3, Indemnitee shall be indemnified to the fullest extent permitted by law against all Expenses, judgments, liabilities, fines, penalties and amounts
paid in settlement (including, without limitation, all interest, assessments and other charges paid or payable in connection with or in respect of any of the foregoing) (collectively, “Losses”) actually and reasonably incurred by
Indemnitee or on his or her behalf in connection with such Proceeding or any action, discovery event, claim, issue or matter therein or related thereto, if Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed
to the best interests of the Company and, in the case of a criminal Proceeding, in addition, had no reasonable cause to believe that his or her conduct was unlawful. The parties hereto intend that this Agreement shall provide to the fullest extent
permitted by law for indemnification in excess of that expressly permitted by statute, including, without limitation, any indemnification provided by the Charter, the Bylaws, vote of its stockholders or disinterested directors or applicable law.

 4. Indemnity in Proceedings by or in the Right of the Company. The Company shall indemnify and hold harmless
Indemnitee in accordance with the provisions of this Section 4 if Indemnitee was, is, or is threatened to be made, a party to or a participant (as a witness or otherwise) in any Proceeding by or in the right of the Company to procure a
judgment in its favor. Pursuant to this Section 4, Indemnitee shall be indemnified to the fullest extent permitted by law against all Expenses actually and reasonably incurred by him or on his behalf in connection with such Proceeding or
any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company. If applicable law so provides, no indemnification for Expenses shall be made
under this Section 4 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, unless and only to the extent that any court in which the Proceeding was
brought or the Delaware Court (as defined below) shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification.

 5. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of
this Agreement, to the fullest extent permitted by law and to the extent that Indemnitee is a party to (or a participant in) and is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in

  

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whole or in part, the Company shall indemnify and hold harmless Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. If Indemnitee is
not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify and hold harmless Indemnitee against all Expenses
actually and reasonably incurred by him or on his behalf in connection with each successfully resolved claim, issue or matter to the fullest extent permitted by law. For purposes of this Section 5 and without limitation, the termination
of any claim, issue or matter in such a Proceeding by withdrawal or dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 

6. Indemnification For Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the fullest extent
permitted by law and to the extent that Indemnitee is, by reason of his or her Corporate Status, a witness or otherwise asked to participate in any Proceeding to which Indemnitee is not a party, he shall be indemnified and held harmless against all
Expenses actually and reasonably incurred by him or on his behalf in connection therewith. 
 7. Additional
Indemnification. 
 (a) Notwithstanding any limitation in Sections 3, 4 or 5 hereof, the Company shall
indemnify Indemnitee to the fullest extent permitted by law if Indemnitee is made, or is threatened to be made, a party to or a participant in any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its
favor) against all Losses actually and reasonably incurred by or on behalf of Indemnitee in connection with the Proceeding. No indemnification shall be made under this Section 7(a) on account of Indemnitee’s conduct which
constitutes a breach of Indemnitee’s duty of loyalty to the Company or its stockholders or is an act or omission not in good faith or which involves intentional misconduct or a knowing violation of the law. 

(b) For purposes of Sections 3, 4, 5, 6 and 7(a) hereof, the meaning of the phrase “to the fullest extent permitted by
law” shall include, but not be limited to: 
 i. to the fullest extent authorized or permitted by the provisions of
the DGCL as in effect as of the date of this Agreement that authorize or contemplate indemnification by agreement; and 
 ii.
to the fullest extent authorized or permitted by any amendments to or replacements of the DGCL adopted after the date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors. 

8. Contribution in the Event of Joint Liability. 

(a) Whether or not any of the indemnification and hold harmless rights provided in Sections 3, 4, 5 and 7
hereof are available in respect of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), to the fullest extent permitted by law, the Company shall pay, in the first instance, the entire
amount of any judgment or settlement of such Proceeding without requiring Indemnitee to contribute to 
  

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such payment, and the Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. The Company shall not enter into any settlement of any Proceeding in which
the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee. 

(b) Without diminishing or impairing the obligations of the Company set forth in the preceding subparagraph, if, for any reason,
Indemnitee shall elect or be required to pay all or any portion of any judgment or settlement in any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), to the fullest extent permitted by
law, the Company shall contribute to the amount of Expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually incurred and paid or payable by Indemnitee in proportion to the relative benefits received by the
Company and all officers, directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction from
which such Proceeding arose; provided, however, that the proportion determined on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all officers,
directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such Proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such
expenses, judgments, fines or amounts paid in settlement, as well as any other equitable considerations. The relative fault of the Company and all officers, directors or employees of the Company other than Indemnitee who are jointly liable with
Indemnitee (or would be if joined in such Proceeding), on the one hand, and Indemnitee, on the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or
advantage, the degree to which their liability is primary or secondary, and the degree to which their conduct is active or passive. 

(c) The Company hereby agrees to fully indemnify and hold harmless Indemnitee from any claims for contribution which may be brought by
officers, directors or employees of the Company other than Indemnitee who may be jointly liable with Indemnitee. 
 9.
Exclusions. Notwithstanding any other provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnification payment in connection with any claim made against Indemnitee: 

(a) for which payment actually has been received by or on behalf of Indemnitee under any insurance policy or other indemnity provision,
except with respect to any excess beyond the amount actually received under any insurance policy or other indemnity provision; or 

(b) for (i) an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the
Company within the meaning of Section 16(b) of the Exchange Act or similar provisions of state statutory law or common law, or (ii) any reimbursement of the Company by the Indemnitee of any bonus or other incentive-based or equity-based
compensation or of any profits realized by the Indemnitee from the sale of 
  

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securities of the Company, as required in each case under the Exchange Act (including any such reimbursements that arise from an accounting restatement of the Company pursuant to Section 304
of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act); or

 (c) except as otherwise provided in Sections 14(d)-(e) hereof, in connection with any Proceeding (or any part of
any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, unless (i) the Board authorized the
Proceeding (or any part of any Proceeding) prior to its initiation, (ii) such payment arises in connection with any mandatory counterclaim or cross-claim or affirmative defense brought or raised by Indemnitee in any Proceeding (or any part of
any Proceeding), or (iii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law; or 

(d) to the extent such payment would violate Section 402 of the Sarbanes-Oxley Act. 

10. Advances of Expenses; Defense of Claim. 

(a) Notwithstanding any provision of this Agreement to the contrary (other than Sections 14(d) and (e)), the Company shall advance the
Expenses incurred by or on behalf of Indemnitee to the fullest extent permitted by law in connection with any Proceeding (or any part of any Proceeding) not initiated by such Indemnitee within thirty (30) days after the receipt by the Company
of a statement or statements (including, at the request of the Company, reasonable detail underlying the expenses for which payment is requested) requesting such advances from time to time, whether prior to or after final disposition of any
Proceeding. Advances shall be unsecured, interest free and shall be made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of
this Agreement. In accordance with Sections 14(d) and (e), advances shall include any and all reasonable Expenses incurred pursuing a Proceeding to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to
the Company to support the advances claimed. The Indemnitee shall qualify for advances solely upon the execution and delivery to the Company of this Agreement, which shall constitute an undertaking providing that the Indemnitee undertakes to repay
the amounts advanced (without interest) to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company. This Section 10(a) shall not apply to any claim made by Indemnitee for which
indemnity is excluded pursuant to Section 9 hereof. 
 (b) The Company will be entitled to participate in the
Proceeding at its own cost and expense. 
 (c) In the event the Company shall be obligated under this Section 10
hereof to pay the expenses of any Proceeding against Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, which approval shall not be unreasonably withheld, upon
the delivery to Indemnitee of written notice of 
  

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its election so to do. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under
this Agreement for any fees of counsel subsequently paid or incurred by Indemnitee with respect to the same Proceeding, provided that (a) Indemnitee shall have the right to employ his counsel in any such Proceeding at Indemnitee’s expense;
and (b) if (1) the employment of counsel by Indemnitee has been authorized by the Company, (2) (i) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company (or any other person or
persons included in a joint defense) and Indemnitee in the conduct of any such defense or (ii) representation by such counsel retained by the Company would be precluded under the applicable standards of professional conduct, or (3) the
Company shall not, in fact, have employed counsel to assume the defense of such Proceeding, then the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. The Company shall not be entitled to assume the defense of
any Proceeding brought by or on behalf of the Company or as to which Indemnitee shall have reasonably made the conclusion provided for in (2) above. 

11. Procedure for Notification and Application for Indemnification. 

(a) Indemnitee agrees to notify promptly the Company in writing upon being served with any summons, citation, subpoena, complaint,
indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification or advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of
any obligation which it may have to the Indemnitee under this Agreement or otherwise unless the Company is materially prejudiced by such failure. 

(b) Indemnitee shall thereafter deliver to the Company a written application to indemnify and hold harmless Indemnitee in accordance with
this Agreement. Such application(s) may be delivered from time to time and at such time(s) as reasonably appropriate. Following such a written application for indemnification by Indemnitee, the Indemnitee’s entitlement to indemnification shall
be determined according to Section 12(a) hereof. 
 12. Procedure Upon Application for Indemnification.

 (a) Upon written request by Indemnitee for indemnification pursuant to Section 11(b) hereof, a determination, if
required by applicable law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (i) if a Change in Control shall have occurred, by Independent Counsel in a written opinion to the Board, a copy of which
shall be delivered to Indemnitee; or (ii) if a Change in Control shall not have occurred, (A) by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (B) by a committee of Disinterested
Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (C) if there are no such Disinterested Directors or, if such Disinterested Directors so direct, by Independent Counsel in a
written opinion to the Board, a copy of which shall be delivered to Indemnitee or (D) if so directed by the Board, by the stockholders of the Company. If it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee
shall be made within ten (10) business days after such determination. Indemnitee shall reasonably cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including
providing to such person, persons or entity upon reasonable advance request any documentation 
  

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or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or Expenses
(including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s
entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. The Company promptly will advise Indemnitee in writing with respect to any determination that Indemnitee is or is not entitled to
indemnification, including a description of any reason or basis for which indemnification has been denied. 
 (b) In the event
the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 12(a) hereof, the Independent Counsel shall be selected as provided in this Section 12(b). If a Change in Control
shall not have occurred, the Independent Counsel shall be selected by the Board. If a Change in Control shall have occurred, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the
Board), and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. If the Independent Counsel is selected by the Board, the Company shall give written notice to Indemnitee advising him
of the identity of the Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within ten (10) business days after such written notice of selection shall have been received, deliver to the Company
or to Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of
“Independent Counsel” as defined in Section 2 hereof, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as
Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court of competent jurisdiction has determined
that such objection is without merit. If, within twenty (20) business days after submission by Indemnitee of a written request for indemnification pursuant to Section 11(b) hereof, no Independent Counsel shall have been selected and
not objected to, either the Company or Indemnitee may petition the Delaware Court (as defined below) for resolution of any objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or
for the appointment as Independent Counsel of a person selected by the Delaware Court, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 12(a)
hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 14(a) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the
applicable standards of professional conduct then prevailing). 
 (c) The Company agrees to pay the reasonable fees and expenses
of Independent Counsel and to fully indemnify and hold harmless such Independent Counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 

(d) If the Company disputes a portion of the amounts for which indemnification is requested, the undisputed portion shall be paid and
only the disputed portion withheld pending resolution of any such dispute. 
  

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 13. Presumptions and Effect of Certain Proceedings. 

(a) In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such
determination shall, to the fullest extent not prohibited by law, presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 11(a) of this
Agreement, and the Company shall, to the fullest extent not prohibited by law, have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption.
Neither the failure of the Company (including by its directors or Independent Counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because
Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including by its directors or Independent Counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action
or create a presumption that Indemnitee has not met the applicable standard of conduct. 
 (b) If the person, persons or entity
empowered or selected under Section 12 of this Agreement to determine whether Indemnitee is entitled to indemnification shall not have made a determination within thirty (30) days after receipt by the Company of the request
therefor, the requisite determination of entitlement to indemnification shall be made in accordance with Section 14; provided, however, that such thirty (30) day period may be extended for a reasonable time if the
person, persons or entity making the determination with respect to entitlement to indemnification in good faith requires such additional time (not to exceed 30 days) for the obtaining or evaluating of documentation and/or information relating
thereto or for compliance with applicable advance notice provisions or delivery of meeting materials in connection with any stockholder or board meeting; and provided, further, that the foregoing provisions of this Section 13(b) shall not apply
(i) if the determination of entitlement to indemnification is to be made by the stockholders pursuant to Section 12(a) of this Agreement and if (A) within fifteen (15) days after receipt by the Company of the request for such
determination the Board has resolved to submit such determination to the stockholders for their consideration at a meeting thereof to be held within seventy-five (75) days after such receipt and such determination is made thereat, or (B) a
special meeting of stockholders is called within fifteen (15) days after such receipt for the purpose of making such determination, such meeting is held for such purpose within sixty (60) days after having been so called and such
determination is made thereat, or (ii) if the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 12(a) of this Agreement. 

(c) The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a
plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good
faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful. 

 

 -11- 

 (d) For purposes of any determination of good faith, Indemnitee shall be deemed to have
acted in good faith if Indemnitee’s action is based on the records or books of account of the Company or any Enterprise, including financial statements, or on information supplied to Indemnitee by the directors or officers of the Company or any
Enterprise in the course of their duties, or on the advice of legal counsel for the Company or any Enterprise or on information or records given or reports made to the Company or any Enterprise by an independent certified public accountant or by an
appraiser or other expert selected with the reasonable care by the Company or any Enterprise. The provisions of this Section 13(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be
deemed to have met the applicable standard of conduct set forth in this Agreement. Whether or not the foregoing provisions of this Section 13(d) are satisfied, it shall in any event be presumed that Indemnitee has at all times acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company. 
 (e) The knowledge
and/or actions, or failure to act, of any director, officer, trustee, partner, managing members, fiduciary agent or employee of the Company or any Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification
under this Agreement. 
 14. Remedies of Indemnitee. 

(a) Subject to Section 14(f), in the event that (i) a determination is made pursuant to Section 12 hereof that
Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 10 of this Agreement, (iii) no determination of entitlement to indemnification shall have
been made pursuant to Section 12(a) of this Agreement within thirty (30) days after receipt by the Company of the request for indemnification (as such time period may extended in accordance with Section 13(b)),
(iv) payment of indemnification is not made pursuant to Section 5, 6 or the last sentence of Section 12(a) hereof within ten (10) business days after receipt by the Company of a written request therefor,
(v) payment of indemnification pursuant to Section 3, Section 4 or Section 7 hereof is not made within ten (10) business days after a determination has been made that Indemnitee is entitled to
indemnification, or (vi) in the event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or Proceeding designed to deny, or to
recover from, Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by the Delaware Court (as defined below) to such indemnification or advancement of Expenses.
Alternatively, Indemnitee, at his option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Except as set forth herein, the provisions of
Delaware law (without regard to its conflict of laws rules) shall apply to any such arbitration. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. 

(b) If a determination shall have been made pursuant to Section 12(a) hereof that Indemnitee is not entitled to
indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 14 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by
reason of that adverse 
  

 -12- 

 
determination. In any such judicial procedure or arbitration commenced pursuant to this Section 14, the Company shall have the burden of proving Indemnitee is not entitled to indemnification
or advancement of Expenses, as the case may be. If Indemnitee commences a judicial proceeding or arbitration pursuant to this Section 14, Indemnitee shall not be required to reimburse the Company for any advances pursuant to
Section 10 hereof until a final determination is made with respect to Indemnitee’s entitlement to indemnification (as to which all rights of appeal have been exhausted or lapsed). 

(c) If a determination shall have been made pursuant to Section 12(a) hereof that Indemnitee is entitled to indemnification,
the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 14, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact
necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

(d) The Company shall, to the fullest extent not prohibited by law, be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Section 14 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the
provisions of this Agreement. It is the intent of the Company that, to the fullest extent permitted by law, the Indemnitee not be required to incur legal fees or other Expenses associated with the interpretation, enforcement or defense of
Indemnitee’s rights under this Agreement by litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. 

(e) The Company shall indemnify and hold harmless Indemnitee to the fullest extent permitted by law against all Expenses and, if
requested by Indemnitee, shall (within ten (10) business days after the Company’s receipt of such written request) advance such Expenses to Indemnitee, which are incurred by or on behalf of Indemnitee in connection with any judicial
proceeding or arbitration brought by Indemnitee (i) to enforce his rights under, or to recover damages for breach of, this Agreement or any other indemnification, advancement or contribution agreement or provision of the Company’s Charter
or Bylaws now or hereafter in effect; or (ii) for recovery or advances under any insurance policy maintained by any person for the benefit of Indemnitee. If Indemnitee is not wholly successful on the underlying claims, then such indemnification
shall be only to the extent Indemnitee is successful on such underlying claims or otherwise as permitted by law, whichever is greater. 

(f) Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement of Indemnitee to indemnification under
this Agreement shall be required to be made prior to the final disposition of the Proceeding. 
 15. Non-exclusivity;
Survival of Rights; Subrogation. 
 (a) The rights of indemnification and to receive advancement of Expenses as provided by
this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Charter, Bylaws, any agreement, a vote of stockholders of the Company or a resolution of the Board, or
otherwise and 
  

 -13- 

 
shall be interpreted independently of, and without reference to, any other such rights to which Indemnitee may at any time be entitled. No amendment, alteration or repeal of this Agreement or of
any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the extent that a change
in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under the Charter, Bylaws or this Agreement, it is the intent of the parties hereto that Indemnitee
shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any
other right or remedy. 
 (b) The Company or its Subsidiaries shall be primarily liable for all indemnification, reimbursements,
advancements or similar payments (the “Indemnity Obligations”) afforded to Indemnitee acting on behalf or at the request of the Company or any of its Subsidiaries, whether the Indemnity Obligations are created by law, organizational
or constituent documents, contract (including this Agreement) or otherwise. Notwithstanding the fact that such Indemnitee’s employer, other than the Company (such persons, together with its and their heirs, successors and assigns, the
“Employer Parties”), may have concurrent liability to Indemnitee with respect to the Indemnity Obligations, the Company hereby agrees that in no event shall the Company or any of its Subsidiaries have any right or claim against any
of the Employer Parties for contribution or have rights of subrogation against any Employer Parties through Indemnitee for any payment made by the Company or any of its Subsidiaries with respect to any Indemnity Obligation. In addition, the Company
hereby agrees that in the event that any Employer Parties pay or advance to Indemnitee any amount with respect to an Indemnity Obligation, the Company will, or will cause its Subsidiaries to, as applicable, promptly reimburse such Employer Parties
for such payment or advance upon request. 
 (c) To the extent that the Company maintains an insurance policy or policies
providing liability insurance for directors, officers, employees, or agents of the Company or the Enterprise, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage
available for any such director, officer, employee or agent under such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director and officer liability insurance in effect, the
Company shall give prompt notice of such claim or of the commencement of a Proceeding, as the case may be, to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or
desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. 

(d) In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights
of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 

 

 -14- 

 (e) The Company shall not be liable under this Agreement to make any payment of amounts
otherwise indemnifiable (or for which advancement is provided hereunder) hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 

(f) The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the request of the
Company as a director, officer, trustee, partner, managing member, fiduciary, employee or agent of any other Enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of expenses from such
Enterprise. 
 16. Settlement. 

(a) Notwithstanding anything in this Agreement to the contrary, the Company shall have no obligation to indemnify Indemnitee under this
Agreement for any amounts paid in settlement of any Proceeding effected without the Company’s prior written consent. 
 (b)
The Company shall not, without the prior written consent of Indemnitee, consent to the entry of any judgment against Indemnitee or enter into any settlement or compromise which (1) includes an admission of fault of Indemnitee, any non-monetary
remedy affecting or obligation of Indemnitee, or monetary loss for which Indemnitee is not wholly indemnified hereunder or (2) with respect to any Proceeding with respect to which Indemnitee may be or is made a party, witness or participant or
may be or is otherwise entitled to seek indemnification hereunder, does not include, as an unconditional term thereof, the full release of Indemnitee from all liability in respect of such Proceeding, which release shall be in form and substance
reasonably satisfactory to Indemnitee. Neither the Company nor Indemnitee shall unreasonably withhold its consent to any proposed settlement under this Section 16. 

17. Insurance. 

The Company shall obtain and maintain a policy or policies of director’s and officer’s liability insurance customary for
similarly situated companies in a sufficient amount as determined by the Board, with reputable insurance companies providing the Indemnitee, other officers of the Company and members of the Board with coverage for losses from wrongful acts, and to
ensure the Company’s performance of its indemnification obligations under this Agreement. In all policies of director and officer liability insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee at least
the same rights and benefits as are accorded to the most favorably insured of the Company’s officers and directors. The Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures
set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of
such policies. Notwithstanding anything to the contrary in this Agreement, the Company shall not indemnify the Indemnitee to the extent the Indemnitee is actually reimbursed from the proceeds of insurance, and in the event the Company makes any
indemnification payments to the Indemnitee and the Indemnitee is subsequently reimbursed from the proceeds of insurance, the Indemnitee shall promptly refund such indemnification payments to the Company to the extent of such insurance reimbursement.

  

 -15- 

 18. Duration of Agreement. This Agreement shall continue until and terminate upon the
later of: (a) six (6) years after the date that Indemnitee shall have ceased to serve as a director or officer of the Company or as a director, officer, trustee, partner, managing member, fiduciary, employee or agent of any other
corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise which Indemnitee served at the request of the Company; or (b) one (1) year after the final termination of any Proceeding (including any rights of
appeal thereto) then pending in respect of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder and of any proceeding commenced by Indemnitee pursuant to Section 14 hereof relating thereto (including
any rights of appeal of any Section 14 Proceeding). 
 19. Severability. If any provision or provisions of
this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any
Section, paragraph or sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain
enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and
(c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section, paragraph or sentence of this Agreement containing any such provision held to be invalid, illegal or
unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 

20. Enforcement and Binding Effect. 

(a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in
order to induce Indemnitee to serve as a director or officer of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director or officer of the Company. 

(b) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes
all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to and in furtherance of the Charter, the Bylaws, any
directors and officers insurance maintained by the Company and applicable law, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder. 

(c) The indemnification and advancement of expenses provided by, or granted pursuant to this Agreement shall be binding upon and be
enforceable by the parties hereto and their respective successors and assigns (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), shall
continue as to an Indemnitee who has ceased to be a director, officer, employee or agent of the Company or of any other Enterprise at the Company’s request, and shall inure to the benefit of Indemnitee and his or her spouse, assigns, heirs,
devisees, executors and administrators and other legal representatives. 
  

 -16- 

 (d) The Company shall require and cause any successor (whether direct or indirect by
purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to the Indemnitee, expressly to assume and agree to
perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. 

(e) The Company and Indemnitee agree herein that a monetary remedy for breach of this Agreement, at some later date, may be inadequate,
impracticable and difficult of proof, and further agree that such breach may cause Indemnitee irreparable harm. Accordingly, the parties hereto agree that Indemnitee may enforce this Agreement by seeking injunctive relief and/or specific performance
hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive relief and/or specific performance, Indemnitee shall not be precluded from seeking or obtaining any other relief to which he may be entitled.
The Company and Indemnitee further agree that Indemnitee shall be entitled to such specific performance and injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of
posting bonds or other undertakings in connection therewith. The Company acknowledges that in the absence of a waiver, a bond or undertaking may be required of Indemnitee by any court of competent jurisdiction, and the Company hereby waives any such
requirement of such a bond or undertaking. 
 21. Modification and Waiver. No supplement, modification or amendment of
this Agreement shall be binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver
constitute a continuing waiver. 
 22. Notices. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed to have been duly given (a) if delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (b) mailed by certified or registered
mail with postage prepaid, on the third business day after the date on which it is so mailed, or (c) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have been directed:

 (a) If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee
shall provide in writing to the Company. 
 (b) If to the Company to: 

Tower International, Inc. 

17672 Laurel Park Drive North, Suite 400E 

Livonia, MI 48152 

Attention: Board of Directors 

or to any other address as may have been furnished to Indemnitee in writing by the Company. 

 

 -17- 

 23. Contribution. To the fullest extent permissible under applicable law, if the
indemnification provided for in this Agreement is unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by or on behalf of Indemnitee,
whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and
reasonable in light of all of the circumstances of such indemnifiable event in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such
indemnifiable event; and (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s). 

24. Applicable Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and
construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except with respect to any arbitration commenced by Indemnitee pursuant to Section 14(a) hereof, the Company and
Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the Chancery Court of the State of Delaware (the “Court”),
and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Court for purposes of any action or proceeding arising out of or in
connection with this Agreement, (iii) appoint, to the extent such party is not otherwise subject to service of process in the State of Delaware, irrevocably The Corporation Trust Company as its agent in the State of Delaware as such
party’s agent for acceptance of legal process in connection with any such action or proceeding against such party with the same legal force and validity as if served upon such party personally within the State of Delaware, (iv) waive any
objection to the laying of venue of any such action or proceeding in the Court, and (v) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Court has been brought in an improper or inconvenient
forum. 
 25. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall for all
purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this
Agreement. 
 26. Miscellaneous. Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun
where appropriate. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 

[Remainder of this page intentionally left blank.] 

 

 -18- 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and
year first above written. 
  

									
	TOWER INTERNATIONAL, INC.	 		 	INDEMNITEE
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Address:	 	

  

 -19-Amended and Restated Value Creation Plan of Tower Automotive, LLC

 Exhibit 10.27 

AMENDED AND RESTATED VALUE CREATION PLAN 

OF 

TOWER AUTOMOTIVE, LLC 

This Amended and Restated Value Creation Plan (“Plan”) is maintained by Tower Automotive, LLC, a Delaware limited
liability company (the “Company”), for the purpose of rewarding Participants, under certain circumstances as described in this Plan, for increasing the value of the Company and its Affiliates. 

RECITALS 

A. The Plan was adopted by Tower Automotive Management, LLC, Delaware limited liability company (“Tower Management”), as
of January 1, 2008. 
 B. Tower Management assigned the Plan to the Company effective as of February 19, 2010 (the
“Assignment”). As a result of the Assignment, the Company assumed Tower Management’s obligations under the Plan. 

C. The Company has deemed it advisable and in the best interests of the Participants to amend the Plan to, among other things, change the
thresholds applicable to the Value Creation Pool (as defined herein) to reflect changes in the value of the Company that have occurred since the establishment of the Plan. 

D. The provisions of this Plan apply to all Participants, except where a specific provision of this Plan is contradicted by the terms of
a national/local law or a collective bargaining agreement. In such a case, all other provisions of this Plan remain in full force and effect. The Plan document and Participation Agreements shall only be in English. 

Section 1. Definitions. 

(1) “Affiliate” means, with respect to any Person, any Person that controls, is controlled by or is under common control
with such Person or an Affiliate of such Person. The term “control” (including the terms “controlled by” and “under common control with”) means the possession, directly or indirectly, of the actual
power to direct or cause the direction of the management policies of a Person, whether through the ownership of stock, by contract, credit arrangement or otherwise. For this purpose a “controlling interest” shall have the same
meaning as provided under Treasury Regulation Section 1.414(c)-2(b)(2)(i), except that “at least 50%” shall be substituted for “at least 80%”. 

(2) “Cause” has the meaning ascribed to that term in a Participant’s employment agreement with the Company or its
Affiliate, if the Participant is a party to such an agreement (or the comparable agreement governing the terms of a Participant’s service to the Company or its Affiliate), and otherwise means: (i) commission of a felony by such
Participant; (ii) acts of dishonesty by such Participant resulting or intending to result in personal gain or enrichment at the expense of the Company or any of its Affiliates; (iii) appropriation (or attempted appropriation) by such
Participant of any business opportunity of the Company or any of its 

 
Affiliates, including, without limitation, attempting to secure or securing any personal profit or benefit in connection with any transaction entered into by or on behalf of the Company or any of
its Affiliates; (iv) conduct by such Participant in connection with the Participant’s duties as an employee or service provider that is fraudulent or grossly negligent or that the Participant knew or reasonably should have known to be
unlawful, provided that any action taken by the Participant on the advice of the Company’s General Counsel (or his/her designee) shall not be treated as unlawful for purposes of this clause (iv); (v) personal conduct by such Participant
(including but not limited to, employee harassment or discrimination, or the use or possession at work of any illegal controlled substance) which seriously discredits or damages the Company or any of its Affiliates; or (vi) contravention by
such Participant of a specific lawful direction of the Board of Managers or the Company’s Chief Executive Officer, failure by such Participant to adhere to any applicable policy or procedure of the Company or its applicable Affiliate of which
the Participant has knowledge or which has been provided to the Participant in writing, or (vii) inattention to or failure to perform such Participant’s material duties for the Company or its Affiliate, or performance of such
Participant’s material duties for the Company or its Affiliate that is sub-standard or unsatisfactory; provided, that, with respect to clauses (iv), (vi) and (vii) only, a Participant shall have thirty (30) days after notice from
the Company, which notice shall set forth in reasonable detail a description of the deficiency determined to constitute Cause, to cure the deficiency leading to the Cause determination, if curable. A termination for “Cause” shall be
effective immediately (or on such other date set forth by the Company). 
 (3) “CIC Contract” has the meaning
set forth in Section 6 of the Plan. 
 (4) “Common Units” has the meaning ascribed to such term in the LLC
Agreement. 
 (5) “Company” means Tower Automotive, LLC, or any successor that by operation of law or contract
assumes the Company’s obligations under the Plan. 
 (6) “Effective Date” means February 19, 2010.

 (7) “Final Award” has the meaning set forth in Section 5 of the Plan. 

(8) “Funding Event” shall mean the occurrence of either (i) the conversion of the Company into a corporation (the
“IPO Entity”) and consummation of an offering of its shares in an underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended (“IPO”) or (ii) a
Liquidation Event. 
 (9) “HoldCo” means any entity to which the Shareholders contribute their Common Units and
Preferred Units in connection with an IPO. 
 (10) “Initial IPO Anniversary Date” means the later to occur of
(i) nine-months after the date of the IPO and (ii) March 15 of the first calendar year following the calendar year in which the IPO occurs. 

(11) “IPO” has the meaning set forth in the definition of Funding Event. 

 

 -2- 

 (12) “IPO Entity” has the meaning set forth in the definition of Funding
Event. 
 (13) “Liquidation Event” shall have the meaning assigned to such term under the LLC Agreement;
provided, however, that the contribution by the Shareholders of Common Units and Preferred Units to HoldCo in connection with an IPO shall not constitute a Liquidation Event. 

(14) “LLC Agreement” means the Third Amended and Restated Limited Liability Company Agreement of the Company, dated as
of July 31, 2007, as amended from time to time. 
 (15) “Manager” means the Board of Managers of the
Company or any duly authorized committee thereof. 
 (16) “Net Value Gained” means the net profit realized as a
result of a Funding Event by the Shareholders in respect of their investment in Common Units. In the case of a Funding Event that is an IPO, Net Value Gained shall be determined by the Manager in good faith on the basis of the fair market value of
the shares of IPO Entity stock attributable to the Common Units held by the Shareholders (calculating such fair market value on the basis of the initial public offering price of the IPO Entity stock in the IPO). In the case of a Funding Event that
is a Liquidation Event, Net Value Gained means the net profit realized by the Shareholders in respect of their Common Units as a result of such Liquidation Event, as determined by the Manager in good faith on the basis of the Shareholders’
aggregate investment in Common Units. For the avoidance of doubt, no profit realized by the Shareholders in respect of any interest in the Company other than the Common Units shall be taken into account in the computation of Net Value Gained.

 (17) “Participant” means a colleague who satisfies each of the requirements described in Section 2 of
the Plan. 
 (18) “Payment Date” has the meaning set forth in Section 5 of the Plan. 

(19) “Percentage” has the meaning set forth in Section 4 of the Plan. 

(20) “Person” means a person or entity of any nature whatsoever, specifically including an individual, a firm, a
company, a corporation, a partnership, a limited liability company, a trust or other entity; a Person, together with that Person’s affiliates and associates (as those terms are defined in Rule 12b-2 under the Exchange Act), and any Persons
acting as a partnership, limited partnership, joint venture, association, syndicate or other group (whether or not formally organized), or otherwise acting jointly or in concert or in a coordinated or consciously parallel manner (whether or not
pursuant to any express agreement), for the purpose of acquiring, holding, voting or disposing of securities of the Company or an Affiliate with such Person, shall be deemed a single “Person.” 

(21) “Presumptive Award” has the meaning set forth in Section 5 of the Plan. 

 

 -3- 

 (22) “Shareholder Liquidation Event” means, following the occurrence of an
IPO, the consummation by the Shareholders or HoldCo of the direct or indirect sale, transfer or other disposition (in one or more transactions) of shares of common stock of the IPO Entity resulting in proceeds which, together with the proceeds of
all direct and indirect prior sales, transfers and dispositions of shares of common stock by the Shareholders and/or HoldCo, are equal to the full amount of the Shareholders’ investment in Preferred Units (as defined in the LLC Agreement) plus
an amount accruing at the rate of 10% per year on the amount of such investment through the date of consummation of such sale, transfer or other disposition, as determined by the Manager in good faith. 

(23) “Shareholders” means the holders of the Common Units and the Preferred Units (as such terms are defined in the LLC
Agreement) as of the date hereof. 
 (24) “Value Creation Pool” means the pool available for distribution to
Participants in accordance with the terms of Section 3 of the Plan. The amount of the Value Creation Pool available for distribution shall be determined in accordance with Section 3 of the Plan. 

Section 2. Eligibility and Participation 

A colleague will become a Participant in the Plan only if each of the following has been satisfied: 

(1) The colleague is classified by the Company or an Affiliate as a full time employee. Colleagues who are classified by the Company or
an Affiliate as other than full time employees are not eligible for the Plan; 
 (2) The colleague has been designated for
participation by the Company. Colleagues who have not been specifically identified for Plan participation are not eligible for the Plan; and 

(3) The colleague, within 30 days of having been notified of his or her eligibility for participation in the Plan (or within such other
period as the Company, in its discretion, may prescribe) has executed a Participation Agreement pursuant to which the colleague agrees to be bound by all of the terms and conditions of the Plan and which contains the colleague’s written
agreement (a) to the employment contract modifications or change in control treatment as set forth in Section 6 of the Plan, (b) that, for Participants, the Plan replaces all long-term incentive plans and arrangements, if any, of the
Company, (c) that the Plan document and the Participation Agreement will be written in English, (d) that the Company may interpret, modify, amend or terminate the Plan at any time, and (e) to such other matters as the Company may
determine. 
 Section 3. Establishment of Value Creation Pool 

The Value Creation Pool shall be created upon the occurrence of a Funding Event. The Value Creation Pool consists of a pool in an amount based on the Net
Value Gained as a result of such Funding Event, determined as set forth in this Section 3, which is available for distribution to Participants in connection with a subsequent Payment Date. 

 

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 The amount of the Value Creation Pool available for distribution to Participants following the occurrence of
a Funding Event shall be determined as follows: 
 — The Value Creation Pool shall be an amount equal to 3.75% of Net Value
Gained if Net Value Gained is less than $1 billion. 
 — The Value Creation Pool shall be an amount equal to 4.00% of Net
Value Gained if Net Value Gained is $1 billion or more but less than $1.2 billion. 
 — The Value Creation Pool shall be an
amount equal to 4.2% of Net Value Gained if Net Value Gained is $1.2 billion or more. 
 When it becomes distributable pursuant to the Plan, the
Value Creation Pool shall be distributed to Participants in accordance with each Participant’s Percentage; provided such Participant is in compliance with the terms of the Plan. 

Section 4. Participant Percentage of the Value Creation Pool 

At the time that a colleague is designated for participation in the Plan, the colleague will be assigned a “percentage” of the Value Creation
Pool (the “Percentage”), e.g., 1% of the Value Creation Pool. The assignment of a “Percentage” is made at the sole discretion of the Company, and the “Percentage” may vary from Participant to Participant.

 Section 5. Distributions Following Payment Date 

If a Funding Event occurs and the Net Value Gained is such that there is an amount available to create the Value Creation Pool, then, upon the occurrence
of a Payment Date following the Funding Event, each Participant shall receive a cash payment as described below, determined in accordance with the provisions of the Plan, less applicable withholdings for taxes, social/national insurance and other
customary reductions. Notwithstanding the foregoing, in the event the Funding Event is a Liquidation Event, the Company specifically reserves the right to make payment under the Plan in a form other than cash in the event the Funding Event giving
rise to the payment results in the distribution of non-cash consideration to the Shareholders. 
 The Value Creation Pool shall be paid out as
follows (the date on which payment is made is referred to as a “Payment Date”): 
  

	 	•	 	 In the case of a Funding Event that is an IPO, the Final Award shall be paid out on or within thirty (30) days after the occurrence of a
Shareholder Liquidation Event; and 

  

	 	•	 	 In the case of a Funding Event that is a Liquidation Event, the Final Award shall be paid on or within thirty (30) days after the occurrence of
such Liquidation Event. 

 Awards under the Plan are intended to be exempt from the requirements of Section 409A of the
Internal Revenue Code of 1986, as amended. In no event may a Participant designate the calendar year of payment. 
  

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 The presumptive award for each Participant shall equal the product obtained by multiplying the
Participant’s Percentage by the amount of the Value Creation Pool that is available for distribution on such Payment Date, if any (the “Presumptive Award”). 

The Company shall determine a Participant’s final award for payment on a Payment Date by taking into account the Participant’s Presumptive
Award and other factors considered relevant by the Company, in its sole discretion (the “Final Award”). No Participant has a right to a Final Award unless and until declared by the Company. 

In order to receive a payout under the Plan, a Participant must remain continuously employed from the date on which the Participant’s participation
in the Plan commences through the date of the Funding Event, and from the date of the Funding Event through the applicable Payment Date. However, in certain cases, Participants who are terminated by the Company or its Affiliate other than for Cause
prior to a Payment Date shall also be eligible to receive a payout under the Plan, as described below: 
  

	 	•	 	 In the case of a Funding Event that is a Liquidation Event, Participants who are terminated by the Company or its Affiliate other than for Cause shall
be entitled to a payout on the Payment Date corresponding to such Liquidation Event equal to the payout made to other Participants with the same or similar “percentages” if the Payment Date occurs on or before March 15 of the calendar
year following the year of the Participant’s termination of employment; and 

  

	 	•	 	 In the case of a Funding Event that is an IPO: 

  

	 	•	 	 Participants who are terminated by the Company or its Affiliate other than for Cause prior to a Shareholder Liquidation Event shall be entitled to a
payout on the Payment Date equal to the payout made to other Participants with the same or similar “percentages” if both a Shareholder Liquidation Event and such Payment Date occur on or before March 15 of the calendar year following
the year of the Participant’s termination of employment; and 

  

	 	•	 	 Participants who are terminated by the Company or its Affiliate other than for Cause after a Shareholder Liquidation Event but before the corresponding
Payment Date shall be entitled to a payout on the earlier to occur of (i) such Payment Date and (ii) March 15 of the calendar year following the year of the Participant’s termination of employment, and such payout shall be equal
to the payout that will be made to other Participants with the same or similar “percentages” on such Payment Date. 

Section 6. Certain Required Contractual Modifications 

An otherwise eligible colleague who has been notified of his or her eligibility for participation in the Plan shall become a Participant only if the
colleague voluntarily agrees, in the form and manner specified by the Company, to modify or eliminate certain employment contracts (or employment contract provisions) or the terms of the colleague’s participation in certain employment-based
programs, as follows: 
  

	 	(1)	For any colleague who is covered under a bonus plan or program other than the 2008 Bonus Plan, the colleague agrees to convert to the 2008 Bonus Plan, or its successor.

  

 -6- 

	 	(2)	For any colleague who is covered under an employment contract, the colleague agrees that the provisions (whether express or implied) of any such contract will
automatically be amended to eliminate any provisions that conflict or are otherwise inconsistent with the provisions of this Plan. 

  

	 	(3)	For any colleague who is covered under a change in control or similar contract (a “CIC Contract”), such colleague agrees that (a) he or she cannot
receive benefits both under the CIC Contract and under this Plan, (b) if he or she becomes entitled for benefits under the CIC Contract prior to the occurrence of a Payment Date under this Plan, his or her participation under this Plan will
terminate and he or she will not be eligible for any benefits under this Plan, and (c) if a Payment Date under this Plan occurs prior to his or her becoming entitled for benefits under the CIC Contract, he or she understands and agrees,
effective immediately prior to such Payment Date, to give up any and all rights or benefits under the CIC Contract, and the CIC Contract shall be terminated at that time. 

The colleague, by executing the Participation Agreement, also agrees to take such actions or execute such additional documents as the Company may request
in order to implement the requirements of paragraphs (1), (2) and (3) above. 
 A colleague, even if otherwise eligible and notified
of his or her eligibility for participation in the Plan, will not become a Participant (or will not remain a Participant) unless the requirements of paragraphs (1), (2) and (3) above are satisfied. 

Section 7. No Rights to an Accounting 

No Person will, because of participation in this Plan, acquire any right to an accounting or to examine the financial records or affairs of the Company.

 Section 8. Acceptable Performance 

In addition to all other applicable requirements for receiving a distribution under the Plan, the Company reserves the right to require a Participant to
be performing at a level that is deemed to be acceptable (i.e., not undergoing performance or disciplinary counseling, or who has committed a breach of his or her employment contract) in order to receive a distribution. 

Section 9. Approved Leaves of Absence or Layoff 

If a Participant whose employment has not terminated is not actively employed on the date of the Payment Date due to an Approved Leave of Absence or
Layoff, and if the Participant otherwise would have been eligible to receive a distribution resulting from a Payment Date, the Participant will receive such payment only if and when he or she returns to active employment status. 

 

 -7- 

 Section 10. Termination of Employment 

Except as set forth in Section 5 with respect to a termination by the Company or an Affiliate without Cause, a Participant will not be eligible to
receive a Plan distribution if his or her employment terminates for any reason prior to the Payment Date (including without limitation death, disability, resignation or retirement), unless otherwise contradicted by the terms of a national/local law
or a collective bargaining agreement. The Company reserves the right, in its sole discretion, however, to pay all or a portion of the amount that would otherwise have been the Participant’s share of the Value Creation Pool in the event that the
Participant otherwise eligible to receive a payout under the Plan dies before the receipt of the Plan payout. Any amount paid after the date of death shall be paid to the Participant’s legal representative. 

Section 11. Assignment 
 No
funds, assets, or other property of the Company, and no obligation or liability of the Company under this Plan, shall be subject to any claim of any Participant, nor will any Participant have any right or power to pledge, encumber, or assign a right
to a cash payment under the Plan. 
 Section 12. Impact on Other Benefits 

Any distributions made pursuant to this Plan will not be considered in calculating a Participant’s eligibility for (or the amount of) any other
compensation or benefits, including, without limitation, bonuses, disability, life insurance, retirement benefits or contributions, severance or any other benefit or coverage. 

Section 13. Amendment, Termination, Administration and Exercise of Discretionary Authority 

The Company reserves the right, in its sole discretion, to terminate and/or change all or any portion of the Plan at any time. Without in any way limiting
the foregoing, the Company specifically reserves the right to adjust the manner in which the Value Creation Pool is determined, or to adjust (including to decrease) a Participant’s Percentage to reflect the impact of acquisitions, mergers or
similar transactions that do not constitute Funding Events but that change the value or other relevant characteristics of the Company and its Affiliates, or for any other reason. No Participant has a right to participate (or to continue to
participate) in the Plan at a particular “percentage”. 
 The Manager shall determine whether or not a Funding Event has occurred and
if a Funding Event has occurred, the Net Value Gained as a result of such Funding Event. Any such determination shall be final and binding on all Participants. 
  

 -8- 

 The Senior Vice President of Human Resources or the President & CEO of the Company
(“Authorized Representatives”) shall be the only persons with the authority to enter into a written agreement with any Participant or any other Person concerning an award under this Plan, or to make any representation or warranty
with respect to any award under this Plan. Oral agreements, representations, warranties or other statements will not be recognized for purposes of the Plan. 

The Authorized Representatives will have the discretionary authority to interpret, construe, make exceptions to, or resolve any conflict or dispute as to
the administration and/or interpretation of this Plan. Any such determination shall be final and binding on all Participants. 
 Day-to-day
administration of the Plan shall be vested with the Vice President of Global Compensation and Benefits of the Company, acting pursuant to the guidelines, interpretation and other rules and regulations established by the Authorized Representatives.
The Vice President of Global Compensation and Benefits of the Company shall have the authority to adopt administrative procedures in connection with the Plan with respect to areas and functions not expressly assigned to other persons or
representatives, and shall have discretion to provide for situations or conditions not specifically provided for herein consistent with the guidelines, interpretations and other rules and regulations established by the Authorized Representatives and
consistent with the overall purposes of the Plan. 
 Nothing in this Plan document or any other communication, verbal or written, may be
interpreted as a guarantee of any bonus or other payment whatsoever to any Person. 
 The Plan is reviewed periodically by the Company and
revisions may occur in order to support current business plans. 
 The Plan shall automatically terminate on the date on which the Shareholders
cease to have an ownership interest in the Company or any Affiliate; provided that amounts awarded under the Plan with respect to the Payment Date that causes the Shareholders to cease to have an ownership interest in the Company or any Affiliate
will continue to be paid in accordance with the Plan terms. 
 Section 14. “At Will” Provision 

This Plan does not constitute a contract of employment and cannot be relied upon as such. Except as required by law, employment with the Company is and
remains “at will.” 
 Section 15. Tax Related Liabilities 

Except as otherwise required under applicable law, Participants are responsible for determining the tax consequences of Plan payments and arranging for
appropriate withholding. The Company will not be responsible for and will be held harmless from liability for payments, interest, penalties, costs or expenses incurred as a result of not arranging for sufficient withholding or deductions from Plan
payments. 
  

 -9- 

 Section 16. Waiver of Jury Trial 

By accepting participation under the Plan, each Participant waives any right to a trial by jury in any action, proceeding or counterclaim concerning any
rights under the Plan and any award, or under any amendment, waiver, consent, instrument, document or other agreement delivered or which in the future may be delivered in connection therewith, and agrees that any such action, proceedings or
counterclaim shall be tried before a court and not before a jury. By accepting participation under the Plan, each Participant certifies that no officer, representative or attorney of the Company or any Affiliate has represented, expressly or
otherwise, that the Company or any such Affiliate would not, in the event of any action, proceeding or counterclaim, seek to enforce the foregoing waivers. 

Section 17. Governing Law 

All questions arising with respect to the provisions of the Plan and any awards under the Plan shall be determined by application of the laws of the State
of Delaware, without giving effect to any conflict of law provisions thereof. 
  

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