Document:

EX-10.1

 Exhibit 10.1 

AMENDATORY AGREEMENT 

AMENDATORY AGREEMENT (this “Amendment”), dated as of July 12, 2019, to the Second Amended and Restated Employment Agreement, dated
as of August 31, 2016, and as further amended (the “Employment Agreement”), between Tower Automotive Operations USA I, LLC, a Delaware limited liability company (the “Company”), and James C. Gouin (the “Employee”).
(The Company and the Employee are each a “Party” and, collectively, the “Parties”.) 
 RECITALS: 

WHEREAS, pursuant to that certain Agreement and Plan of Merger, dated July 12, 2019, by and among Tower International, Inc., a Delaware
corporation (“Tower”), Autokiniton US Holdings, Inc., a Delaware corporation (“Parent”), and (iii) Tiger Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”) (the “Merger
Agreement”), Merger Sub will commence a cash tender offer (the “Offer”) to purchase any and all of the outstanding shares of common stock of Tower, par value $0.01 per share on the terms set forth in the Merger Agreement and, if such
Offer is consummated, Merger Sub will merge with and into Tower (the “Merger”), with Tower surviving the Merger as a direct, wholly owned Subsidiary of Parent; 

WHEREAS, the Company desires to enter into this Amendatory Agreement in order to induce the Employee to remain employed with the Company and
to afford Employee peace of mind that he will be eligible to receive the full benefits of the Employment Agreement (i) following the Merger, or (ii) in the event that any other “Change in Control” (as defined in the Employment Agreement)
occurs as a result of a definitive transaction agreement entered into by Tower on or before December 31, 2019 (an “Alternative Change in Control Event”); 

WHEREAS, the Parties desire to amend the Employment Agreement to clarify that “Good Reason” thereunder will exist if, as a result of
a “Change in Control” (as defined therein), the Employee ceases to be the Chief Executive Officer of a company whose common stock is publicly traded; and 

WHEREAS, the Parties desire to further amend the Employment Agreement to provide for a gross-up of any
taxes that may be incurred by the Employee under Section 4999 of the Internal Revenue Code of 1986, as amended, and as a result of any such gross-up payment by virtue of any payments and benefits the
Employee becomes entitled to in connection with or as a result of the Merger or any Alternative Change in Control Event; 
 NOW, THEREFORE,
in consideration of the premises set forth in the above Recitals and other good and valuable consideration, the Parties hereby agree as follows: 

1.    The next to last paragraph of Section 5.1 of the Employment Agreement is hereby amended by adding the following
at the end thereof: 
 “Notwithstanding anything contained in this Agreement to the contrary, “Good Reason”
shall be deemed to exist if, in connection with or following a Change in Control, Tower’s common stock ceases to be publicly-traded on a national securities exchange (unless the Employee becomes (or continues as) the Chief Executive Officer of
the ultimate parent entity of, or successor to, Tower, and the common stock of such parent entity or successor, as applicable, is publicly traded on a national securities exchange).” 

  
 1 

 2.     Section 5.3(e) of the Employment Agreement is hereby amended
in its entirety, to read as set forth below; provided, however, that if (i) the Merger Agreement terminates without consummation of the Merger, and (ii) no Alternative Change in Control Event occurs, then the amendment set forth in this paragraph 2
shall be void ab initio and Section 5.3(e) of the Employment Agreement shall automatically revert to its terms as in effect immediately prior to the date hereof: 

“(e)    Notwithstanding any other provision of this Agreement or any other plan, arrangement or
agreement to the contrary, if any of the payments or benefits provided or to be provided by the Company or its affiliates to the Employee or for the Employee’s benefit pursuant to the terms of this Agreement or otherwise (“Covered
Payments”) constitute parachute payments (“Parachute Payments”) within the meaning of Section 280G of the Code and will be subject to the excise tax imposed under Section 4999 of the Code (or any successor provision thereto)
or any interest or penalties with respect to such excise tax (collectively, the “Excise Tax”), then the Company shall pay to the Employee, no later than the time the Excise Tax is required to be paid by the Employee or withheld by the
Company, an additional amount (the “Gross-up Payment”) equal to the sum of the Excise Tax payable by the Employee, plus the amount necessary to put the Employee in the same after-tax position (taking into account any and all applicable federal, state, local and foreign income, employment and excise taxes (including the Excise Tax and any income and employment taxes imposed on the Gross-up Payment)) that the Employee would have been in if the Employee had not incurred any tax liability under Section 4999 of the Code. 

The determination of whether a Gross-up Payment will be required, and of the amount of
such Gross-up Payment, shall initially be made (at the Company’s expense) by a nationally recognized registered public accounting firm reasonably acceptable to the Company and the Employee prior to the
time the Excise Tax is required to be paid by the Employee or withheld by the Company, and shall be made applying the assumptions that the Employee will pay federal income taxes at the highest marginal rate of federal income taxation applicable to
individuals for the calendar year in which the Gross-up Payment is to be made, and state and local income taxes at the highest marginal rates of individual taxation in the state and locality of
Executive’s residence at the time. In light of the uncertainty in applying Sections 280G and 4999 of the Code, if it is subsequently determined that the Gross-up Payment is not sufficient to put the
Employee in the same after-tax position (taking into account any and all applicable federal, state, local and foreign income, employment and excise taxes (including the Excise Tax and such taxes imposed on the
Gross-up Payment)) that the Employee would have been in if the Employee had not incurred the Excise Tax, then the Company shall promptly pay to or for the benefit of the Employee such additional amounts
necessary to put the Employee in the same after-tax position that the Employee would have been in if the Excise Tax had not been imposed. In the event that a written ruling of the Internal Revenue Service
(“IRS”) is obtained by or on behalf of the Company or the Employee, which provides that the Employee is not required to pay, or is entitled to a refund with respect to, all or a portion of the Excise Tax, then the Employee shall reimburse
the Company in an amount equal to the Gross-up Payment, less any amounts which remain payable by or are not refunded to the Employee, within thirty (30) days of the date of the IRS determination or

  
 2 

 
the date the Employee receives the refund, as applicable. The Employee and the Company shall reasonably cooperate with each other in connection with any administrative or judicial proceedings
concerning the existence or amount of liability for the Excise Tax; provided that, if the Company decides to contest a claim by the IRS relating to the Excise Tax, then the Company shall bear and pay directly or indirectly all costs and expenses
(including any additional interest and penalties and any legal and accounting fees and expenses) incurred in connection with such action and shall indemnify and hold the Employee harmless, on an after-tax
basis, for any Excise Tax or income tax, including interest and penalties with respect thereto, imposed as a result of the Company’s action.” 

3.    Miscellaneous. This Amendment, together with the Employment Agreement, constitutes the entire agreement
between the Parties with respect to the subject matter hereof and supersedes any prior understandings, agreements, or representations by or between the Parties, written or oral, that may have related in any way to the subject matter hereof. This
Amendment shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns. No amendment or waiver of any provision of this Amendment shall be valid unless the same shall be in writing and signed by
each Party bound thereby. This Amendment may be executed by the Parties in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Delivery of
an executed counterpart of this Amendment by facsimile or pdf email transmission shall be effective as delivery of a manually executed counterpart hereof. 

[Signature page follows] 

  
 3 

 IN WITNESS WHEREOF, each of the Parties has executed this Amendment effective as of the day
and year first above written. 
  

			
	TOWER AUTOMOTIVE OPERATIONS USA I, LLC

 
			
		
	By:	 	 /s/ Mark Flynn

	Name:	 	Mark Flynn
	Title:	 	Sr. Vice President Global Human Resources

 
			
	
	 /s/ James C. Gouin

	James C. Gouin

  
 4EX-10.2

 Exhibit 10.2 

AMENDATORY AGREEMENT 

AMENDATORY AGREEMENT (this “Amendment”), dated as of July 12, 2019, to the Amended and Restated Employment Agreement, dated as
of August 31, 2016, and as further amended (the “Employment Agreement”), between Tower Automotive Operations USA I, LLC, a Delaware limited liability company (the “Company”), and Jeffrey Kersten (the “Employee”).
(The Company and the Employee are each a “Party” and, collectively, the “Parties”.) 
 RECITALS: 

WHEREAS, pursuant to that certain Agreement and Plan of Merger, dated July 12, 2019, by and among Tower International, Inc., a Delaware
corporation (“Tower”), Autokiniton US Holdings, Inc., a Delaware corporation (“Parent”), and (iii) Tiger Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”) ( the
“Merger Agreement”), Merger Sub will commence a cash tender offer (the “Offer”) to purchase any and all of the outstanding shares of common stock of Tower, par value $0.01 per share on the terms set forth in the Merger Agreement
and, if such Offer is consummated, Merger Sub will merge with and into Tower (the “Merger”), with Tower surviving the Merger as a direct, wholly owned Subsidiary of Parent; 

WHEREAS, the Company desires to enter into this Amendatory Agreement in order to induce the Employee to remain employed with the Company in
light of the Merger; and 
 WHEREAS, the Parties desire to amend the Employment Agreement to clarify that “Good Reason” thereunder
will exist if, as a result of a “Change in Control” (as defined therein), the Employee ceases to be the Chief Financial Officer of a company whose common stock is publicly traded; 

NOW, THEREFORE, in consideration of the premises set forth in the above Recitals and other good and valuable consideration, the Parties hereby
agree as follows: 
 1.    The next to last paragraph of Section 5.3(e) of the Employment Agreement is hereby
amended by adding the following at the end thereof: 
 “Notwithstanding anything contained in this Agreement to the
contrary, “Good Reason” shall be deemed to exist if, in connection with or following a Change in Control, Tower’s common stock ceases to be publicly traded on a national securities exchange (unless the Employee becomes (or continues
as) the Chief Financial Officer of the ultimate parent entity of, or successor to, Tower, and the common stock of such parent entity or successor, as applicable, is publicly traded on a national securities exchange).” 

  
 1 

 2.    Miscellaneous. This Amendment, together with the Employment
Agreement, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes any prior understandings, agreements, or representations by or between the Parties, written or oral, that may have related in
any way to the subject matter hereof. This Amendment shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns. No amendment or waiver of any provision of this Amendment shall be valid unless
the same shall be in writing and signed by each Party bound thereby. This Amendment may be executed by the Parties in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall
constitute one and the same agreement. Delivery of an executed counterpart of this Amendment by facsimile or pdf email transmission shall be effective as delivery of a manually executed counterpart hereof. 

[Signature page follows] 

  
 2 

 IN WITNESS WHEREOF, each of the Parties has executed this Amendment effective as of the day
and year first above written. 
  

			
	TOWER AUTOMOTIVE OPERATIONS USA I, LLC
		
	By:	 	 /s/ James C. Gouin

	Name:	 	 James C. Gouin

	Title:	 	 President and CEO

	
	 /s/ Jeffrey Kersten

	Jeffrey Kersten

  
 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}]]