Document:

First Lien Foreign Subsidiary Guarantee

 Exhibit 10.17 
 EXECUTION COPY 
 FIRST LIEN FOREIGN SUBSIDIARY GUARANTEE

 dated as of 
 July 31, 2007 
 among 
 TOWER AUTOMOTIVE HOLDINGS EUROPE B.V., 
 the European Guarantors from time to time
party hereto 
 and 
 JPMORGAN CHASE BANK, N.A., 
 as Agent 

 TABLE OF CONTENTS 
 Page 
  

			
	ARTICLE 1	  	
	DEFINITIONS	  	
		
	Section 1.01. Loan Agreement	  	1
	Section 1.02. Other Defined Terms	  	1
		
	ARTICLE 2	  	
	GUARANTEE	  	
		
	Section 2.01. Guarantee	  	3
	Section 2.02. Guarantee of Payment	  	3
	Section 2.03. No Limitations, Etc.	  	3
	Section 2.04. Reinstatement	  	4
	Section 2.05. Payments; Subrogation	  	5
	Section 2.06. Information.	  	5
		
	ARTICLE 3	  	
	INDEMNITY, SUBROGATION AND SUBORDINATION	  	
		
	Section 3.01. Indemnity and Subrogation	  	5
	Section 3.02. Contribution and Subrogation	  	5
	Section 3.03. Subordination	  	6
		
	ARTICLE 4	  	
	MISCELLANEOUS	  	
		
	Section 4.01. Notices	  	6
	Section 4.02. Survival of Agreement	  	6
	Section 4.03. Integration; Binding Effect; Several Agreement	  	7
	Section 4.04. Successors and Assigns	  	7
	Section 4.05. Agent’s Fees and Expenses	  	7
	Section 4.06. Applicable Law	  	7
	Section 4.07. Waivers; Amendment	  	7
	Section 4.08. WAIVER OF JURY TRIAL	  	8
	Section 4.09. Severability	  	8
	Section 4.10. Counterparts	  	8
	Section 4.11. Headings	  	8
	Section 4.12. Jurisdiction; Consent to Service of Process	  	9
	Section 4.13. Termination or Release	  	9
	Section 4.14. Additional Subsidiaries	  	10
	Section 4.15. Right of Setoff	  	10
	Section 4.16. Loan Agreement Provisions Binding	  	10
	Section 4.17. Limitation In Respect Of German Guarantors.	  	10

  

			
	 Section 4.18. Limitation In Respect Of Polish Guarantors.
	  	13
	 Section 4.19. Limitation In Respect of Certain Negative Covenants
	  	13
	 Section 4.20. Abstract Debt Acknowledgement
	  	14
	 Section 4.21. Agent As Joint and Several Creditor.
	  	14
	 Section 4.22. Dutch Collateral Debt Covenant
	  	15

  

			
	 Exhibits
	  	 
		
	Exhibit A	  	Form of Supplement

  

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 FOREIGN SUBSIDIARY GUARANTEE dated as of July 31, 2007 (this
“Agreement”), among TOWER AUTOMOTIVE HOLDINGS EUROPE B.V. (the “European Borrower”), the other Foreign Subsidiaries from time to time party hereto (collectively, the “European Guarantors”) and
JPMORGAN CHASE BANK, N.A. (“JPMCB”), as Agent. 
 PRELIMINARY STATEMENT 
 Reference is made to the First Lien Term Loan and Guaranty Agreement dated as of July 31, 2007 (as amended, supplemented or otherwise
modified from time to time, the “Loan Agreement”), among Tower Automotive Holdings USA, LLC, the European Borrower, the Guarantors (such term and each other capitalized term used but not defined in this preliminary statement having
the meaning given or ascribed to it in Article I) party thereto, the Lenders from time to time party thereto and JPMCB, as Issuing Lender and as administrative agent (in such capacity, the “Agent”) for the Lenders. 
 The Euro Lenders and the Issuing Lender have agreed to extend credit to the European Borrower pursuant to, and upon the terms and conditions
specified in, the Loan Agreement. The obligations of the Euro Lenders and the Issuing Lender to extend credit to the European Borrower are conditioned upon, among other things, the execution and delivery of this Agreement by each European Guarantor
listed on the signature pages hereof. Each European Guarantor is an affiliate of the European Borrower, will derive substantial benefits from the extension of credit to the European Borrower pursuant to the Loan Agreement and is willing to execute
and deliver this Agreement in order to induce the Euro Lenders and the Issuing Lender to extend such credit. Accordingly, the parties hereto agree as follows: 
 ARTICLE 1 
 DEFINITIONS 
 Section 1.01. Loan Agreement. (a) Capitalized terms used in this Agreement and not otherwise defined herein have the
meanings set forth in the Loan Agreement. 
 (b) The rules of construction specified in Section 1.02 of the Loan Agreement
also apply to this Agreement. 
 Section 1.02. Other Defined Terms. As used in this Agreement, the following terms
have the meanings specified below: 
 “Agent” shall have the meaning assigned to such term in the preliminary
statement. 
 “Agreement” shall have the meaning assigned to such term in the preamble. 
 “Dutch Guarantors” shall mean those European Guarantors incorporated or organized under the laws of the Netherlands listed
on the signature page hereto, and those Foreign Subsidiaries incorporated or organized under the laws of the Netherlands that become European Guarantors by executing a supplement in the form of Exhibit A hereto. 

 Dutch Obligors” shall mean the European Borrower and the Dutch Guarantors.

 “European Borrower” shall have the meaning assigned to such term in the preamble. 
 “European Guarantors” shall have the meaning assigned to such term in the preamble. 
 “European Loan Parties” shall mean the European Borrower and the European Guarantors. 
 “German GmbH & Co. KG Guarantor” shall have the meaning assigned to such term in Section 4.17. 
 “German GmbH Guarantor” shall have the meaning assigned to such term in Section 4.17. 
 “German Guarantor” shall mean any German GmbH Guarantor or German GmbH & Co. KG Guarantor. 
 “JPMCB” shall have the meaning assigned to such term in the preamble. 
 “LC Exposure” shall mean, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of
Credit issued for the account of the European Borrower at such time plus (b) the aggregate amount of all LC Disbursements in respect of Letters of Credit issued for the account of the European Borrower that have not yet been reimbursed by or on
behalf of the European Borrower at such time. 
 “Loan Agreement” shall have the meaning assigned to such term
in the preliminary statement. 
 “Secured Obligations” shall mean all unpaid principal of and accrued and
unpaid interest on (including interest accruing during the pendency of any bankruptcy, insolvency, receivership, or other similar proceeding, regardless of whether allowed or allowable in such proceeding) the Euro Loans, all LC Exposure and all
accrued and unpaid fees and all expenses, reimbursements, indemnities and other obligations of the European Loan Parties to the Secured Parties. 
 “Secured Parties” shall mean, collectively, (a) the Euro Lenders, (b) the Issuing Lender, (c) the Agent, (d) the beneficiaries of each indemnification obligation
undertaken by any European Loan Party under the Loan Documents and (e) any permitted successors, indorsees, transferees and assigns of each of the foregoing. 
  

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 ARTICLE 2 
 GUARANTEE 
 Section 2.01. Guarantee. (a) Each of
the European Guarantors unconditionally and irrevocably guarantees the due and punctual payment by the European Borrower of the Secured Obligations. Each of the European Guarantors further agrees that the Secured Obligations may be extended or
renewed, in whole or in part, without notice to or further assent from it, and it will remain bound upon this guaranty notwithstanding any extension or renewal of any of the Secured Obligations. The obligations of the European Guarantors hereunder
shall be joint and several. 
 (b) Each of the European Guarantors waives presentment to, demand of payment from and protest to
the European Borrower or any other Loan Party of any Secured Obligation, and also waives notice of protest for nonpayment. The obligations of the European Guarantors hereunder shall not be affected by (i) the failure of the Agent or a Euro
Lender or any other Secured Party to assert any claim or demand or to enforce any right or remedy against the European Borrower or any other Loan Party under the provisions of this Agreement or any other Loan Document or otherwise; (ii) any
extension or renewal of any provision hereof or thereof; (iii) any rescission, waiver, compromise, acceleration, amendment or modification of any of the terms or provisions of any of the Loan Documents; (iv) the release, exchange, waiver,
foreclosure, invalidity or nonperfection of any security held by the Agent for the Secured Obligations or any of them; (v) the failure of the Agent or a Euro Lender to exercise any right or remedy against any other Loan Party; or (vi) the
release or substitution of any Loan Party or any other Person under any Loan Document. 
 Section 2.02. Guarantee of
Payment. Each of the European Guarantors further agrees that its guarantee hereunder constitutes a guarantee of payment when due and not of collection, and waives any right to require that any resort be had by the Agent or any other Secured
Party to any security held for the payment of the Secured Obligations or to any balance of any deposit account or credit on the books of the Agent or any other Secured Party in favor of the European Borrower or any other Person. 
 Section 2.03. No Limitations, Etc. (a) Except for termination of a European Guarantor’s obligations hereunder as
expressly provided in Section 4.13 or as expressly provided in this Section 2.03 or in Sections 4.17 or 4.18, the obligations of each European Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination
for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity,
illegality or unenforceability of the Secured Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of each European Guarantor hereunder shall not be discharged or impaired or otherwise affected by (i) the
failure of the Agent or any other Secured Party to assert any claim or demand or to enforce any right or remedy under the provisions of any Loan Document or otherwise, (ii) any rescission, waiver, amendment or modification of, or any release
from any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any

  

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other European Guarantor under this Agreement, (iii) the release, exchange, waiver, foreclosure or invalidity of, or any impairment of or failure to perfect any Lien on or security interest
in, any security held by the Agent or any other Secured Party for the Secured Obligations or any of them, (iv) any default, failure or delay, willful or otherwise, in the performance of the Secured Obligations, (v) the release or
substitution of any Loan Party or any other Person under any Loan Document or (vi) any other act or omission that may or might in any manner or to any extent vary the risk of any European Guarantor or otherwise operate as a discharge of any
European Guarantor as a matter of law or equity, unless and until the Secured Obligations are paid in full. 
 (b) To the
fullest extent permitted by applicable law, each European Guarantor waives any defense based on or arising out of (i) any defense of the European Borrower or any other Loan Party or the unenforceability of the Secured Obligations or any part
thereof or any other instrument evidencing the Secured Obligations from any cause, or the cessation from any cause of the liability of the European Borrower or any other Loan Party, other than the payment in full in cash of all the Secured
Obligations and (ii) a failure to remain informed of the financial condition of the European Borrower and of any other Loan Party and any circumstances affecting the ability of the European Borrower or any other Loan Party to perform under the
Loan Documents. 
 The Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more
of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Secured Obligations, make any other accommodation with the European Borrower or any other
Loan Party or exercise any other right or remedy available to them against the European Borrower or any other Loan Party, without affecting or impairing in any way the liability of any European Guarantor hereunder except to the extent the Secured
Obligations have been paid in full in cash. To the fullest extent permitted by applicable law, each European Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or
to extinguish any right of reimbursement or subrogation or other right or remedy of such European Guarantor against the European Borrower or any other Loan Party, as the case may be, or any security. 
 (c) To the extent applicable and notwithstanding any other provision of this Article 2, the obligations of any Dutch Guarantor expressed to
be assumed in this Agreement shall be deemed not to be assumed by such Dutch Guarantor to the extent that the same would constitute unlawful financial assistance within the meaning of Articles 2:207(c) or 2:98(c) of the Dutch Civil Code and the
provisions of this Agreement and the other Loan Documents shall be construed accordingly. 
 Section 2.04.
Reinstatement. Each European Guarantor agrees that its guarantee hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Secured Obligation is rescinded or must otherwise
be restored by the Agent or any other Secured Party upon the bankruptcy or reorganization of the European Borrower, any other Loan Party or otherwise. 
  

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 Section 2.05. Payments; Subrogation. Any and all payments by or on account of
any obligation of any European Guarantor hereunder shall be made free and clear of and without deduction for any taxes. Upon payment by any European Guarantor of any sums to the Agent or any other Secured Party as provided above, all rights of such
European Guarantor against the European Borrower or any other European Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article 3.

 Section 2.06. Information. Each European Guarantor assumes all responsibility for being and keeping itself
informed of the European Borrower’s and each other Loan Party’s financial condition and assets and of all other circumstances bearing upon the risk of nonpayment of the Secured Obligations and the nature, scope and extent of the risks that
such European Guarantor assumes and incurs hereunder, and agrees that neither the Agent nor any other Secured Party will have any duty to advise such European Guarantor of information known to it or any of them regarding such circumstances or risks.

 ARTICLE 3 
 INDEMNITY, SUBROGATION AND SUBORDINATION 
 Section 3.01. Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the European Guarantors may have under applicable law (but subject to
Section 3.03), the European Borrower agrees that (a) in the event a payment shall be made by any European Guarantor under this Agreement, the European Borrower shall indemnify such European Guarantor for the full amount of such payment and
such European Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment and (b) in the event any assets of any European Guarantor shall be sold pursuant to this Agreement
or any Security Document to satisfy in whole or in part a claim of any Secured Party, the European Borrower shall indemnify such European Guarantor in an amount equal to the greater of the book value or the fair market value of the assets so sold.

 Section 3.02. Contribution and Subrogation. Each European Guarantor (a “Contributing Guarantor”)
agrees (subject to Section 3.03) that, in the event a payment shall be made by any other European Guarantor hereunder in respect of any Secured Obligation, or assets of any other European Guarantor shall be sold pursuant to this Agreement or
any Security Document to satisfy any Secured Obligation owed to any Secured Party, and such other European Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the European Borrower as provided in
Section 3.01, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to (i) the amount of such payment or (ii) the greater of the book value or the fair market value of such assets, as the case may be, in
each case multiplied by a fraction of which the numerator shall be the net worth of the Contributing Guarantor on the date hereof and the denominator shall be the aggregate net worth of all the European Guarantors on the date hereof (or, in the case
of any European Guarantor becoming a party hereto pursuant to Section 4.14, the date of the supplement hereto executed and delivered by such European Guarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to
this Section 3.02 shall be subrogated to the rights of such Claiming Guarantor under Section 3.01 to the extent of such payment. 
  

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 Section 3.03. Subordination. (a) Notwithstanding any provision of this
Agreement to the contrary, all rights of the European Guarantors under Sections 3.01 and 3.02 and all other rights of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated and junior in right of payment
to the prior final and indefeasible payment in full of all the Secured Obligations. No failure on the part of the European Borrower or any European Guarantor to make the payments required by Sections 3.01 and 3.02 (or any other payments required
under applicable law or otherwise) shall in any respect limit the obligations and liabilities of any other European Guarantor with respect to its obligations hereunder, and each other European Guarantor shall remain liable for the full amount of its
obligations hereunder. 
 (b) The European Borrower and each European Guarantor hereby agree that all Indebtedness and other
monetary obligations owed by it to the European Borrower or any Subsidiary shall be fully subordinated to the payment in full in cash of the Secured Obligations. 
 ARTICLE 4 
 MISCELLANEOUS 
 Section 4.01. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in
writing and given as provided in Section 10.01 of the Loan Agreement. All communications and notices hereunder to any Loan Party shall be given to it in care of Tower Automotive, LLC as provided in Section 10.01 of the Loan Agreement. All
communications and notices hereunder to any other party hereto shall be given to it as provided in Section 10.01 of the Loan Agreement. 
 Section 4.02. Survival of Agreement. All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments
prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Euro Lenders and the Issuing Lender and shall survive the execution and delivery of the Loan
Documents and the making of any Euro Loans and issuance of any Letters of Credit for the account of the European Borrower, regardless of any investigation made by any Euro Lender or the Issuing Lender or on its behalf and notwithstanding that the
Agent, any Euro Lender or the Issuing Lender may have had notice or knowledge of any Default, Event of Default or incorrect representation or warranty at the time any credit is extended under the Loan Agreement, and shall continue in full force and
effect as long as the principal of or any accrued interest on any Euro Loan or any fee or any other amount payable by the European Loan Parties under any Loan Document is outstanding and unpaid or any Letter of Credit issued for the account of the
European Borrower is outstanding and so long as the Euro Commitments have not expired or terminated. 
  

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 Section 4.03. Integration; Binding Effect; Several Agreement. This Agreement and
any separate letter agreements with respect to fees payable to the Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written,
relating to the subject matter hereof. This Agreement shall become effective as to any European Guarantor when a counterpart hereof executed on behalf of such European Guarantor shall have been delivered to the Agent and a counterpart hereof shall
have been executed on behalf of the Agent, and thereafter shall be binding upon such European Guarantor and the Agent and their respective permitted successors and assigns, and shall inure to the benefit of such European Guarantor, the Agent and the
other Secured Parties and their respective successors and assigns, except that no European Guarantor shall have the right to assign or transfer its rights or obligations hereunder (and any such assignment or transfer shall be void) except as
expressly contemplated or permitted by this Agreement. This Agreement shall be construed as a separate agreement with respect to each European Guarantor and may be amended, modified, supplemented, waived or released with respect to any European
Guarantor without the approval of any other European Guarantor and without affecting the obligations of any other European Guarantor hereunder. 
 Section 4.04. Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of
such party; and all covenants, promises and agreements by or on behalf of any European Guarantor or the Agent that are contained in this Agreement shall bind and inure to the benefit of their respective successors and assigns. 
 Section 4.05. Agent’s Fees and Expenses. The parties hereto agree that the Agent shall be entitled to reimbursement of its
expenses incurred hereunder as provided in Section 10.05 of the Loan Agreement. 
 Section 4.06. Applicable
Law. EXCEPT AS EXPRESSLY SET FORTH IN SECTION 4.22, THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 Section 4.07. Waivers; Amendment. (a) No failure or delay by the Agent or any other Secured Party in exercising any right or power hereunder or under any other Loan Document shall operate
as a waiver hereof or thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any
other right or power. The rights and remedies of the Agent and the other Secured Parties hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any
provision of any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 4.07, and then such waiver or consent shall be
effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Euro Loan or issuance of a Letter of Credit for the account of the European Borrower shall not be
construed as a waiver of any

  

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Default or any Event of Default, regardless of whether the Agent, any Issuing Lender or any Euro Lender may have had notice or knowledge of such Default or any Event of Default at the time. No
notice or demand on any Loan Party in any case shall entitle any Loan Party to any other or further notice or demand in similar or other circumstances. 
 (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Agent and the European Guarantor or
European Guarantors with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 10.09 of the Loan Agreement. 
 Section 4.08. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED THEREBY. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN
INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 4.08. 
 Section 4.09. Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such
provision in any other jurisdiction. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of
the invalid, illegal or unenforceable provisions. 
 Section 4.10. Counterparts. This Agreement may be executed in
counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as provided in
Section 4.03. Delivery of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 
 Section 4.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference
only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 
  

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 Section 4.12. Jurisdiction; Consent to Service of Process. (a) Each party
hereto hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern
District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document, or for recognition or enforcement of any judgment, and each party hereto hereby
irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each party hereto agrees that a
final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any Secured Party
may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party or its properties in the courts of any jurisdiction. 
 (b) Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any
objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or, except to the extent expressly provided therein, any other Loan Document in any court referred to
in paragraph (a) of this Section 4.12. Each party hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c) Each party hereto hereby irrevocably consents to service of process in the manner provided for notices in Section 4.01. Nothing
in this Agreement or any other Loan Document will affect the right of any party hereto to serve process in any other manner permitted by law. 
 Section 4.13. Termination or Release. The Secured Parties agree that a European Guarantor shall be released from its guarantee of the Secured Obligations made herein (and shall cease to be a
Guarantor) upon consummation of any transaction permitted under the Loan Agreement that results in it ceasing to be a direct or indirect subsidiary of Tower Automotive Holdings III Coöperatie U.A. The Secured Parties also agree that the Liens
granted to the Agent on any Collateral pursuant to the Foreign Collateral Documents shall be automatically released (i) to the extent the property constituting such Collateral is owned by any European Guarantor, upon the release of such
European Guarantor from its guarantee of the Secured Obligations in accordance with the preceding sentence, (ii) upon the sale or other disposition of such Collateral to any Person that is not (and is not required to be) a Loan Party, to the
extent such sale or other disposition is made in compliance with the terms of the Loan Agreement (and the Agent may rely conclusively on a certificate to that effect provided to it by any Loan Party upon its reasonable request without further
inquiry) and (iii) as is in the judgment of the Agent required to effect any sale or other disposition of Collateral in connection with any exercise of remedies of the Agent pursuant to the Security Documents. 
  

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 Section 4.14. Additional Subsidiaries. Any Foreign Subsidiary that after the
Closing Date is required to become a party hereto pursuant to Section 5.13 of the Loan Agreement (each a “Required Additional European Guarantor”) shall execute and deliver a supplement in the form of Exhibit A hereto;
provided that if the provisions of this Agreement do not contain enforcement limitations with respect to the guarantee being made hereunder sufficient to accommodate the capital maintenance or any comparable regimes existing under the laws of
the jurisdiction of formation of such Required Additional European Guarantor, the supplement executed by such Required Additional European Guarantor shall be modified to include sufficient guarantee limitation language, as agreed by the Agent and
such Required Additional European Guarantor. Upon execution and delivery by the Agent and such Required Additional European Guarantor of such supplement, such Required Additional European Guarantor shall become a European Guarantor hereunder with
the same force and effect as if originally named as a European Guarantor herein. The execution and delivery of any such instrument shall not require the consent of any other European Guarantor hereunder. The rights and obligations of each European
Guarantor hereunder shall remain in full force and effect notwithstanding the addition of any new Loan Party as a party to this Agreement. 
 Section 4.15. Right of Setoff. If an Event of Default shall have occurred and is continuing, each Secured Party is hereby authorized at any time and from time to time, to the fullest extent
permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Secured Party to or for the credit or the account of any European
Guarantor against any and all of the obligations of such European Guarantor now or hereafter existing under this Agreement and the other Loan Documents held by such Secured Party, irrespective of whether or not such Secured Party shall have made any
demand under this Agreement or any other Loan Document and although such obligations may be unmatured. The rights of each Secured Party under this Section 4.15 are in addition to other rights and remedies (including other rights of setoff)
which such Secured Party may have. 
 Section 4.16. Loan Agreement Provisions Binding. Subject to Section 4.19,
to the extent permitted by law each European Guarantor hereby agrees to be bound by all of the provisions of the Loan Agreement applicable to such European Guarantor. 
 Section 4.17. Limitation In Respect Of German Guarantors. 
 (a) The
Agent, on behalf of itself and each of the other Secured Parties, agrees that it will not to enforce the Guarantee made under this Agreement against any Guarantor incorporated in Germany, irrespective of whether such Guarantor is at the time of
enforcement organized as (i) a limited liability company (Gesellschaft mit beschränkter Haftung) (a “German GmbH Guarantor”) or (ii) a limited partnership (Kommanditgesellschaft) of which the general
partner (Komplementär) is a limited liability company (a “German GmbH & Co. KG Guarantor”), if and to the extent such guarantee secures obligations of a shareholder of any German Guarantor and/or any of its
Affiliates (as defined below), in each case other than any direct or indirect subsidiary of such German Guarantor, and if and to the extent the enforcement of such guarantee would cause: 
 (i) such German GmbH Guarantor’s (or in the case of a German GmbH & Co. KG Guarantor, its general
partner’s) assets (the calculation of which shall take into account the captions reflected in § 266 (2) A, B and C of the German Commercial Code (Handelsgesetzbuch)) less such German GmbH Guarantor’s (or in the case of a
German GmbH & Co. KG Guarantor, its general partner’s) liabilities, provisions and liability reserves (the calculation of which shall take into account the captions reflected in § 266 (3) B, C and D of the German Commercial
Code) (the “Net Assets”) to be less than the registered share capital (Stammkapital) of such German GmbH Guarantor (or in the case of a German GmbH & Co. KG Guarantor, the registered share capital of its general
partner (Begründung einer Unterbilanz)); or 
  

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 (ii) an increase of a shortfall, if the Net Assets of such German GmbH
Guarantor (or, in the case of a German GmbH & Co. KG Guarantor, the Net Assets of its general partner), already fall short of the amount of the registered share capital (Vertiefung einer Unterbilanz). 
 For purposes of this Section 4.17(a), the term “Affiliate” refers to an affiliated company (verbundenes
Unternehmen) of a shareholder of the Guarantor within the meaning of §§ 15 et. seq. of the German Stock Corporation Act (Aktiengesetz). 
 (b) For the purposes of the calculation of Net Assets in this Section 4.17(a), the following items shall be adjusted as follows: 
 (i) the amount of an increase in the registered share capital of the German GmbH Guarantor (or, in the case of a German
GmbH & Co. KG Guarantor, of its general partner), 
 (A) that has been effected out of retained earnings
(Kapitalerhöhung aus Gesellschaftsmitteln) without the prior written consent of the Agent after the date of this Agreement; or 
 (B) any amount of an increase in the registered share capital that has not been fully paid, 
 shall be deducted from the registered share capital; 
 (ii) any
loans and other contractual liabilities incurred in violation of a any Loan Document shall be disregarded; and 
 (c) If after
the enforcement of the Guarantee made under this Agreement a German GmbH Guarantor (or, in the case of a German GmbH & Co. KG Guarantor, its general partner) would not have Net Assets in excess of its respective registered share capital,
such German Guarantor shall realize, to the extent legally permitted, any and all of its assets that are shown in the balance sheet with a book value (Buchwert) that is significantly lower than the market value of the asset if such asset is
not necessary for such German Guarantor's business (betriebsnotwendig). 
  

 11 

 (d) Notwithstanding the foregoing, the limitations set forth in this Section 4.17 shall
not apply to such a Guarantee made by the relevant German Guarantor in relation to any amounts borrowed under the Loan Agreement to the extent the proceeds of such borrowing are lent to it or any of its subsidiaries from time to time and have not
been repaid. 
 (e) The limitations set forth in this Section 4.17 shall cease to apply on the date on which a profit and
loss sharing agreement (Gewinnabführungsvertrag) and/or a domination agreement (Beherrschungsvertrag) is entered into between the applicable German Guarantor on one side and the Affiliate (as defined above) the obligations of
which are guaranteed and of which the German Guarantor is a subsidiary on the other, unless the applicable German Guarantor demonstrates to the satisfaction of the Agent (by way of providing an opinion by a reputable law and/or accounting firm) that
any requested payment to be made under this Agreement would result in (i) a civil or (ii) criminal personal liability of any of the respective German Guarantor's managing directors or of any of the respective German Guarantor's
shareholders. 
 (f) Enforcement of the Guarantee made under this Agreement shall initially be excluded pursuant to
Section 4.17(a) if, no later than 10 (ten) Business Days following a demand by the Agent to make a payment under this Guarantee, the managing directors on behalf of the relevant German Guarantor have confirmed in writing to the Agent (such
confirmation, the “Management Determination”) to what extent: 
 (i) the Guarantee granted
hereunder is an up-stream or cross-stream guarantee as described in Section 4.17(a); and 
 (ii) the amount
of such cross-stream and/or up-stream guarantee cannot be enforced as it would cause the Net Assets of the relevant German Guarantor (or in the case of a German GmbH & Co. KG Guarantor, the Net Assets of its general partner), being less
than its respective registered share capital (taking into account the adjustments set out in Section 4.17(b) and the realization obligations set out in Section 4.17(c)), 
 and such Management Determination is supported by a calculation reasonably satisfactory to the Agent; provided, that the Agent shall
be entitled to enforce this Guarantee for any amounts where such enforcement would, in accordance with the Management Determination, not cause the relevant German Guarantor’s Net Assets (or, in the case of a German GmbH & Co. KG
Guarantor, the Net Assets of its general partner) being less than (or to fall further below) the amount of its respective registered share capital (in each case as calculated and adjusted in accordance with Sections 4.17(a) and 4.17(b)). 

(g) Following receipt of a Management Determination, the Agent shall be prohibited from enforcing the Guarantee made under this Agreement
pursuant to Section

  

 12 

 
4.17(a) above for a period not to exceed 30 days. If within such 30 day period the Agent receives (i) an up-to date balance sheet together with (ii) a determination in each case
prepared by auditors of international standard and reputation appointed by the relevant German Guarantor either confirming the Management Determination or setting out deviations from the Management Determination (the “Auditor’s
Determination”) the enforcement of this Guarantee shall be limited if and to the extent such enforcement would, in accordance with the Auditor's Determination, cause the Net Assets of the applicable German Guarantor (or, in the case of a
German GmbH & Co. KG Guarantor, the Net Assets of its general partner) being less than (or to fall further below) the amount of its respective registered share capital, in each case as calculated and adjusted in accordance with Sections
4.17(a) and 4.17(b). If the applicable German Guarantor fails to deliver an Auditor's Determination within 30 days after receipt of the Management Determination, the Agent shall be entitled to enforce this Guarantee without any limitation or
restriction. 
 (h) For the avoidance of doubt, any balance sheet to be prepared pursuant to paragraphs (f) or
(g) above shall be prepared in accordance with the relevant accounting principles. 
 (i) Nothing in this Agreement shall
be interpreted as a restriction or limitation of the enforcement of the Guarantee made under this Agreement if and to the extent it secures the primary obligations of the relevant German Guarantor or obligations of any of its direct or indirect
subsidiaries. 
 Section 4.18. Limitation In Respect Of Polish Guarantors.  
 (a) The obligations of any European Guarantor which is incorporated or organized under the laws of the Republic of Poland (a “Polish
Guarantor”) expressed to be assumed in this Agreement shall be deemed not to be assumed by such Polish Guarantor to the extent that (i) they include any liability to the extent it would result in a reduction of its assets necessary to
cover in full its share capital pursuant to article 189 par. 2 of the Polish Commercial Companies Code of 15th September 2000 (Journal of Laws no 94, item 1037, as amended); and (ii) such obligations, liability or payment would render such
Polish Guarantor insolvent within the meaning of Article 11 sec. 2 of the Polish Bankruptcy and Restructuring Law dated February 28, 2003 (Journal of Laws no 60, item 535, as amended) provided that the foregoing limitation shall not apply in
case and for so long as an Event of Default has occurred and is continuing. 
 Section 4.19. Limitation In Respect of
Certain Negative Covenants. (a) Notwithstanding anything contained in Article 6 of the Loan Agreement or Section 4.16 of this Agreement to the contrary, the provisions of Sections 6.02, 6.04, 6.05, 6.06 and 6.08 (the “Relevant
Restrictive Covenants”) shall not be binding upon any Loan Party incorporated under the laws of Germany (a “German Group Member”) or any subsidiary of a German Group Member whose jurisdiction of incorporation or
establishment is Germany; provided, however, that each European Loan Party that is not a German Group Member hereby agrees that it will not cause any of its subsidiaries that is a German Group Member to carry out any act or take any step
which would be prohibited by any of the Relevant Restrictive Covenants. 
  

 13 

 (b) Each German Group Member shall give the Agent no less than twenty five
(25) Business Days’ prior written notice of the intention of it or of its subsidiaries whose jurisdiction of incorporation or establishment is Germany to carry out any of the acts or take any of the steps which, but for
Section 4.19(a), would be prohibited by any of the Relevant Restrictive Covenants. 
 (c) Within ten (10) Business
Days of its receipt of notice from the relevant German Group Member under Section 4.19(b), the Agent shall be entitled to request that the relevant German Group Member supply to the Agent (in sufficient copies for the Lenders) any relevant
information in connection with the proposed action or steps referred to in such notice. The relevant German Group Member undertakes to provide such information within five (5) Business Days of receipt of the Agent's request under this
Section 4.19(c). 
 (d) The Agent shall notify the relevant German Group Member, (i) within fifteen (15) Business
Days of receipt of the relevant German Group Member’s notice under Section 4.19(b) or (ii) if additional information has been requested by the Agent under Section 4.19(c), within ten (10) Business Days of receipt of such
information, whether the proposed action or steps referred to in Section 4.19(b), in the reasonable opinion of the Agent or the Required Lenders, would reasonably be expected to have a Material Adverse Effect. 
 (e) If, in the reasonable opinion of the Agent or the Required Lenders, the proposed action or steps referred to in Section 4.19(b)
would reasonably be expected to have a Material Adverse Effect or if the relevant German Group Member fails to provide the Agent with any additional information requested pursuant to Section 4.19(c) within the time provided therefor, and the
relevant German Group Member nevertheless takes the proposed action or steps referred to in Section 4.19(b), an Event of Default shall be deemed to exist under Article 7 of the Loan Agreement. 
 Section 4.20. Abstract Debt Acknowledgement. The Agent, on behalf of itself and each of the other Secured Parties, hereby
irrevocably and unconditionally agrees, and each of the European Loan Parties hereby irrevocably and unconditionally acknowledges by way of an abstract acknowledgement of debt (abstraktes Schuldanerkenntnis) within the meaning of §§
780, 781 German Civil Code (Bürgerliches Gesetzbuch), that each European Loan Party shall be obliged, as a joint and several debtor, to pay an amount to the Agent (or its respective successors in that capacity) that corresponds to the
total of all of the European Loan Parties’ obligations under the Loan Documents (other than under German law governed share pledge agreements or land charges, if any), and that, accordingly, the Agent shall have an independent right to request
the fulfillment of said obligation from any European Loan Party. 
 Section 4.21. Agent As Joint and Several Creditor.
(a) Each European Loan Party and the Agent, on behalf of itself and each of the other Secured Parties, agrees that the

  

 14 

 
Agent shall be the joint creditor (together with the relevant Secured Party) and the several creditor of each and every payment obligation of any European Loan Party towards each and any Secured
Party under any Loan Document and that, accordingly, the Agent shall have and will have its own an independent right to demand performance of said obligations from that European Loan Party. The discharge of any such obligation to either of the Agent
or the relevant Secured Party shall, to the same extent, discharge the corresponding obligation owing to the other party. 
 (b)
Without limiting or affecting the Agent’s rights against any European Loan Party (under the preceding paragraph or any other provision of any Loan Document), the Agent agrees with each of the other Secured Parties that it shall not exercise its
rights as a joint creditor with a Secured Party without the consent of such Secured Party. Nothing in the preceding sentence (i) shall limit in any manner or to any extent the Agent’s right in any capacity to take any action to protect or
preserve any of its rights under any Security Document or to enforce any security interest created thereby, as stipulated in this Agreement and/or the relevant Security Document (or to perform any other act in that context) or (ii) shall create
any additional rights for any of the European Loan Parties, it being understood that (a) the provisions of this Section 4.21 relate solely to the relationship between the Agent and the other Secured Parties and (b) no European Loan
Party is an intended third party beneficiary of anything contained in this Section 4.21. 
 Section 4.22. Dutch
Collateral Debt Covenant. 
 (a) Parallel Debt Undertaking. Without prejudice to the other provisions of the Loan
Documents, each Dutch Obligor irrevocably and unconditionally undertakes (and to the extent necessary undertakes in advance (bij voorbaat)) to pay to the Agent amounts equal to any amounts owing by such Dutch Obligor to the Secured Parties in
respect of its obligations and liabilities (i) under the Loan Documents or (ii) in connection with any other indebtedness as the parties may agree from time to time should form part of the Parallel Debt (in each case, whether present or
future and whether actual or contingent) (such obligations under sub-clauses (i) and (ii) above for the purposes of this clause to be referred as “Corresponding Obligations”) as and when the same fall due for payment
thereunder. Such a payment undertaking and the obligations and liabilities resulting from it by a Dutch Obligor to the Agent are referred to as its “Parallel Debt”. 
 (b) Acknowledgment. Each party to this Agreement acknowledges that (i) the Parallel Debt of a Dutch Obligor constitutes,
undertakings, obligations and liabilities of such Dutch Obligor to the Agent separate and independent from, and without prejudice to its Corresponding Obligations (whether present or future and whether actual or contingent) to the Secured Parties,
and (ii) the Parallel Debt of a Dutch Obligor represents the Agent’s own separate and independent claim (eigen en zelfstandige vordering) to receive payment of the Parallel Debt from such Dutch Obligor; provided that in all
events the aggregate amount which may become due under a Parallel Debt of a Dutch Obligor shall never exceed the aggregate amount which may become due under its Corresponding Obligations. 
  

 15 

 (c) Decrease Parallel Debt. Each party to this Agreement agrees that the aggregate
amount due by a Dutch Obligor under its Parallel Debt will be decreased to the extent such Dutch Obligor has paid any amounts to the Secured Parties to reduce its outstanding Corresponding Obligations except to the extent such payment shall have
been subsequently avoided or reduced by virtue of provisions or enactments relating to bankruptcy, insolvency, preference, liquidation or similar laws of general application. 
 (d) Decrease Obligations. Each party to this Agreement agrees that to the extent a Dutch Obligor has paid any amounts to the Agent
under its Parallel Debt the aggregate amount due by such Dutch Obligor under its Corresponding Obligations will be decreased accordingly, except to the extent such payment shall have been subsequently avoided or reduced by virtue of provisions or
enactments relating to bankruptcy, insolvency, preference, liquidation or similar laws of general application. 
 (e)
Application Parallel Debt. To the extent the Agent receives any amount in payment of a Parallel Debt, the Agent shall distribute such amount among the Secured Parties in accordance with the terms of the Loan Documents. 
 (f) Default. For the avoidance of doubt, a Parallel Debt will become due and payable (opeisbaar) at the same time and to the
same extent as the related Corresponding Obligations become due and payable. 
 (g) No common property. Each party to
this Agreement confirms that, in accordance with this Section 4.22 the claim of the Agent against any Dutch Obligor in respect of its Parallel Debt does not constitute common property (een gemeenschap) within the meaning of Article 3:166
Dutch Civil Code and that the provisions relating to such common property shall not apply. If, however, it shall be held that such claim of the Agent does constitute such common property and such provisions do apply, the parties to this Agreement
agree that this Agreement shall constitute the administration agreement (beheersregeling) within the meaning of Article 3:168 Dutch Civil Code. 
 (h) No agent. For the purpose of this Section 4.22, the Agent acts in its own name and on behalf of itself and not as agent or representative of any other party to this Agreement, and any Lien
granted by a Dutch Obligor to the Agent to secure its Parallel Debt is granted to the Agent in its capacity as creditor of such Parallel Debt. 
 (i) Governing Law. Notwithstanding the provisions of Section 4.06, this Section 4.22 shall be governed by the law of the Netherlands. 
  

 16 

 IN WITNESS WHEREOF, the Foreign Subsidiaries party hereto have duly executed this Agreement
as of the day and year first above written. 
  

			
	European Borrower:
	
	 TOWER AUTOMOTIVE HOLDINGS EUROPE B.V.

		
	By:	 	 /s/ C.A van Beek

		 	Name: C.A van Beek
		 	Title: Managing Director
		
	By:	 	 /s/ B.S. Hummel

		 	Name: B.S. Hummel
		 	Title: Managing Director
		 	Address:
		 	Legal Name:
		 	Jurisdiction of Incorporation: The Netherlands

  

			
	European Guarantors:
	
	 TOWER AUTOMOTIVE HOLDINGS III COÖPERATIE U.A.

		
	By:	 	 /s/ B.S. Hummel

		 	Name: B.S. Hummel
		 	Title: Managing Director
		 	Address:
		 	Legal Name:
		 	Jurisdiction of Formation: The Netherlands
	
	TOWER AUTOMOTIVE HOLDINGS ASIA B.V.
		
	By:	 	 /s/ C.A van Beek

		 	Name: C.A van Beek
		 	Title: Managing Director
		
	By:	 	 /s/ B.S. Hummel

		 	Name: B.S. Hummel
		 	Title: Managing Director
		 	Address:
		 	Legal Name:
		 	Jurisdiction of Incorporation: The Netherlands

  

			
	TOWER AUTOMOTIVE HOLDING GMBH
		
	By:	 	 /s/ Vincent Pairet

		 	Name: Vincent Pairet
		 	Title: Managing Director
		 	Address:
		 	Legal Name:
		 	Jurisdiction of Incorporation: Germany
	
	TOWER AUTOMOTIVE UMFORMTECHNIK GMBH
		
	By:	 	 /s/ Vincent Pairet

		 	Name: Vincent Pairet
		 	Title: Managing Director
		 	Address:
		 	Legal Name:
		 	Jurisdiction of Incorporation: Germany
	
	 TOWER AUTOMOTIVE PRESSWERK ZWICKAU GMBH

		
	By:	 	 /s/ Hans Große

		 	Name: Hans Große
		 	Title: Managing Director
		 	Address:
		 	Legal Name:
		 	Jurisdiction of Incorporation: Germany
	
	TOWER AUTOMOTIVE DUISBURG GMBH
		
	By:	 	 /s/ Frank Walter

		 	Name: Frank Walter
		 	Title: Managing Director
		 	Address:
		 	Legal Name:
		 	Jurisdiction of Incorporation: Germany

  

 2 

			
	 TOWER AUTOMOTIVE AUSLANDSBETEILIGUNGEN GMBH

		
	By:	 	 /s/ Frank Walter

		 	Name: Frank Walter
		 	Title: Managing Director
		 	Address:
		 	Legal Name:
		 	Jurisdiction of Incorporation: Germany
	
	TOWER AUTOMOTIVE POLSKA SP. Z O.O.
		
	By:	 	 /s/ Frank Walter

		 	Name: Frank Walter
		 	Title: Managing Director
		 	Address:
		 	Legal Name:
		 	Jurisdiction of Incorporation: Poland
	
	 TOWER AUTOMOTIVE GESCHÄFTS FÜHRUNG

		
	By:	 	 /s/ Gyula Meleghy

		 	Name: Gyula Meleghy
		 	Title: Managing Director
		 	Address:
		 	Legal Name:
		 	Jurisdiction of Incorporation: Germany
	
	 FELISSA GRUNDSTÜCKSVERMIETUNGS-GESELLSCHAFT MBH & CO. OBJEKT DWSBURG
KG

		
	By:	 	 /s/ Gerrit Kotterman

		 	Name: Gerrit Kotterman
		 	Title: Managing Director
		 	Address:
		 	Legal Name:
		 	Jurisdiction of Formation: Germany

  

 3 

			
	 TOWER AUTOMOTIVE INTERNATIONAL B.V.

		
	By:	 	 /s/ Jeffrey L. Kersten

		 	Name: Jeffrey L. Kersten
		 	Title: Managing Director A
		 	Address: 2745 Lowell Road, Ann Arbor, MI 48103
		 	Legal Name: Jeffrey L. Kersten
		 	Jurisdiction of Incorporation: Germany
	
	 TOWER AUTOMOTIVE EUROPE B.V.
(to be renamed as Tower Automotive International Holdings
B.V.)

		
	By:	 	 /s/ Jeffrey L. Kersten

		 	Name: Jeffrey L. Kersten
		 	Title: Managing Director A
		 	Address: 2745 Lowell Road, Ann Arbor, MI 48103
		 	Legal Name: Jeffrey L. Kersten
		 	Jurisdiction of Incorporation: The Netherlands

  

 4Employment Agreement with James Gouin

 Exhibit 10.25 

 

 

  

					
	August 28, 2009	  		  	17672 Laurel Pork Drive N
		  		  	Suite 400E
	Mr. James C. Gouin	  		  	Livonia, MI 48152

 Dear Jim: 
 Reference is hereby made to the Employment Agreement between Tower Automotive Operations USA I, LLC (the “Company”) and you dated as of
November 1, 2007 (the “Employment Agreement”). Capitalized terms used in this letter and not specifically defined in this letter shall have the meanings set forth in the Employment Agreement. The purpose of this letter to is
memorialize the extension of the employment relationship under the Employment Agreement (as contemplated by Section 2 of the Employment Agreement) and our mutual agreement with respect to the “Severance Amount” (under
Section 5.2(b) of the Employment Agreement). 
 Subject to your acceptance of the terms set forth in this letter (by signing the enclosed
copy of this letter and returning it to me within the time frame provided): 
 1.Extension Notice. This letter shall serve as the
Company’s written notice to you of its intention to extend the Term of the Employment Agreement and shall be deemed the Extension Notice contemplated under Section 2 of the Employment Agreement. Accordingly, upon expiration of the Initial
Term (i.e., October 31, 2009), the employment relationship under the Employment Agreement shall be extended for an additional period of one (1) year commencing on November 1, 2009, subject to earlier termination pursuant to
Section 5 of the Employment Agreement. 
 2.Severance Amount. Effective as of November 1, 2009, the Severance Amount shall be
limited to one times your annualized rate of Base Salary in effect as of the effective date of termination. Accordingly, effective as of November 1, 2009, Section 5.2(b)(i) of the Employment Agreement is hereby deleted and replaced with
the following: 
 “(i) an aggregate amount (the “Severance Amount”) equal to one times Employee’s annualized
rate of Base Salary in effect as of the effective date of termination. 
 The Severance amount, less standard income and payroll
tax withholdings and other authorized deductions, shall be payable in twelve (12) equal monthly installments, commencing within seventy-five (75) days following the Employee’s date of termination, but not later than March 15 of
the year following the year in which the Employee’s date of termination occurs; provided, however, that payment of the Severance Amount shall not

 
commence unless the Release becomes effective. Each installment of the Severance Amount shall be treated as a separate payment for purposes of Section 409A of the Internal Revenue Code of
1986, as amended, and the regulations promulgated thereunder (the “Code”); and” 
 Except as specifically set forth in this
letter, all terms of the Employment Agreement shall remain unmodified and in full force and in effect. 
 Please acknowledge your understanding
and agreement with the terms set forth in this letter by signing the enclosed copy of this letter and returning it to me on or before September 30, 2009. If you do not sign and return this letter within the time frame provided, this letter
(including, without limitation, the Extension Notice) shall be void and of no force and effect. 
 We look forward to your continued service to
the Company. 
  

	
	 /s/ Mark M. Malcolm

	Mark M. Malcolm, President & CEO
	Tower Automotive, LLC

 Agreed and accepted this
             day of September, 2009. 
  

	
	 /s/ James Gouin

	James Gouin

  

 -2- 

 EMPLOYMENT AGREEMENT 
 EMPLOYMENT AGREEMENT (“Agreement”) dated as of November 1, 2007 between Tower Automotive Operations USA I, LLC, a Delaware
limited liability company (the “Company”), and James Gouin, an individual (the “Employee”). (Company and Employee, each a “Party” and, collectively, the “Parties”). 
 WHEREAS, the Parties wish to establish the terms of the Employee’s employment with the Company. 
 Accordingly, the Parties agree as follows: 
 1. Employment and Acceptance. The Company shall employ the Employee, and the Employee shall accept employment, subject to the terms of this Agreement, effective as of November 19, 2007 (the
“Effective Date”). 
 2. Term. Subject to earlier termination pursuant to Section 5 of this Agreement,
this Agreement and the employment relationship hereunder shall continue from the Effective Date until the second (2nd) yearly anniversary of the Effective Date (the “Initial Term”). Effective upon the expiration of the Initial Term
and of each Additional Term (as defined below), if any, this Agreement and the employment relationship hereunder may be extended for an additional period of one (1) year, subject to earlier termination pursuant to Section 5 of this
Agreement (each, an “Additional Term”), in each such case commencing upon the expiration of the Initial Term or the then-current Additional Term, as the case may be, but only if, at least sixty (60) calendar days prior to the
expiration of the Initial Term or the then-current Additional Term, as the case may be, the Company shall have given written notice to the Employee of its intention to extend the Term (as defined below) of this Agreement (the “Extension
Notice”). In the event that the Company does not provide an Extension Notice in the manner set forth in the preceding sentence, the Term automatically shall expire at the end of the Initial Term or the then-current Additional Term, as the case
may be. As used in this Agreement, the “Term” shall refer to the period beginning on the Effective Date and ending on the date the Employee’s employment terminates in accordance with this Section 2 or Section 5 of this
Agreement. Upon the expiration of the Term or earlier termination of this Agreement and the employment relationship hereunder, the Company shall have no further obligations to the Employee under this Agreement or otherwise, except as specifically
set forth in Section 5 of this Agreement. 
 3. Duties and Title. 
 3.1 Title. The Company shall employ the Employee to render exclusive and full-time services to the Company and the other members of
the Company Group (as defined below). The Employee shall serve in the capacity of Chief Financial Officer of the Company and in such other positions or capacities as may be requested by the Board of Managers of the Company (the “Board”)
and/or the Chief Executive Officer of the Company (the “CEO”) (including, without limitation, serving as an officer of, or in another other capacity for, one or more members of the Company Group), and shall report directly to the CEO. As
used in this Agreement: (a) “Company Group” means the Company and its Affiliates, as well as any predecessors, past and future successors or assigns (including, without limitation, the purchaser of all or any assets of the Company or
any of its Affiliates) of the Company or any of its

 
Affiliates; and (b) “Affiliate” of any individual or entity shall mean any other individual or entity that directly or indirectly controls, is controlled by, or is under common
control with, the individual or entity. For purposes of this Agreement, an Affiliate of the Company shall mean Tower Automotive, LLC and any entity that is owned or controlled by Tower Automotive, LLC. 
 3.2 Duties. During the Term, the Employee will have such authority and responsibilities and will perform such duties as are
customarily performed by a Chief Financial Officer of a company in similar lines of business as the Company and its Affiliates or as may be assigned to the Employee by the Board and/or the CEO, including, without limitation, performing services for
the other members of the Company Group. Additionally, Employee shall be responsible for the Company Group’s day to day financial and accounting matters. Notwithstanding anything contained herein to the contrary, the Employee’s authority
and responsibilities shall be limited to the extent determined by the Board and/or the CEO. During the Term, the Employee shall devote all of his full working-time and attention to the performance of such duties and to the promotion of the business
and interests of the Company Group. 
 3.3 Location. The Employee shall perform his full-time services to the Company
Group in the Company’s Novi, Michigan office; provided, however, the Employee shall be required to travel as necessary to perform his duties hereunder. 
 4. Compensation and Benefits by the Company. As compensation for all services rendered pursuant to this Agreement (including, without limitation, services as an officer, director or member of any
committee of any member of the Company Group or any division of a member of the Company Group), the Company shall provide the Employee with the following during the Term: 
 4.1 Base Salary. During the Term, the Company will pay to the Employee a base salary of Four Hundred Fifty Thousand and 00/100 Dollars ($450,000) on an annualized basis, payable in accordance with
the customary payroll practices of the Company (“Base Salary”). The Base Salary shall be subject to periodic review and such periodic adjustments as the Board and/or CEO deems appropriate in their discretion. 
 4.2 Annual Bonus. For each calendar year ending during the Term, the Employee shall be eligible to receive, under the Company’s
annual incentive plan, an annual variable bonus payment with a target gross amount of one hundred percent (100%) of the Employee’s annualized Base Salary (as in effect as of the end of the applicable year) (the “Annual Bonus”);
provided, however, the Annual Bonus for 2007 (if any) shall be prorated based upon the Effective Date (i.e., the target gross amount of Employee’s Annual Bonus for 2007 shall be one hundred percent (100%) of the Base
Salary actually earned by the Employee in 2007). The precise amount of the Annual Bonus shall be based on achievement of objectives set by the Board or a committee thereof at the beginning of the applicable year; provided, however,
that the objectives for 2007 shall be set by the Board within sixty (60) days of the Effective Date. The Annual Bonus payment shall be due and payable at such time or times as the Board determines, but not later than thirty (30) days
following approval by the Board (or committee thereof) of the audited financial statements of the Company Group for the applicable year (the “Annual Bonus Approval Date”). To be eligible to receive any Annual Bonus (or portion thereof),
the Employee must be employed by the Company on the Annual Bonus Approval Date. 
  

 -2- 

 4.3 Participation in Employee Benefit Plans. The Employee shall be entitled during
the Term, if and to the extent eligible, to participate in all of the applicable benefit plans (excluding severance plans, if any) of the Company, which may be available to other senior executives of the Company. The Company may at any time, or from
time to time, amend, modify, suspend or terminate any employee benefit plan, program or arrangement for any reason without the Employee’s consent if such amendment, modification, suspension or termination is consistent with the amendment,
modification, suspension or termination for other executives of the Company. 
 4.4 Expense Reimbursement. During the
Term, the Employee shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time 

4.5 Management Incentive Plan. The Employee shall be eligible to participate in the Tower Automotive Management, LLC 2007
Management Incentive Plan (the “MIP”). Employee’s participation in the MIP and rights thereunder shall be subject to the terms of the MIP and any applicable grant or other agreements under the MIP as determined by the Board or
committee thereof. Subject to the Employee’s execution of the Unit Award Agreement attached hereto as Exhibit A, the Employee shall be awarded Nonvoting Units of Tower Automotive Management, LLC pursuant to the MIP and the terms and
conditions of such Nonvoting Units shall be subject to the terms of the MIP and such Unit Award Agreement. 
 5. Termination
of Employment. 
 5.1 By the Company for Cause or by the Employee without Good Reason, If: (i) the Company
terminates the Employee’s employment with the Company for Cause; or (ii) the Employee terminates his employment with the Company without Good Reason (as defined below), provided that the Employee shall be required to give the Company at
least sixty (60) days prior written notice of such termination (subject to the Company’s right to accept Employee’s notice of termination and to accelerate such notice and make the Employee’s termination effective immediately, or
on any other date prior to Employee’s intended last day of work as the Company deems appropriate, which acceleration shall in no event be deemed a termination by the Company without Cause), then the Employee shall be entitled to receive, and
the Company’s sole obligation under this Agreement or otherwise shall be to pay or provide to the Employee, the following (collectively, the “Accrued Benefits”): 
 (a) the Employee’s earned, but unpaid, Base Salary through the effective date of termination (payable in accordance with
Section 4.1 of this Agreement) and any amounts or benefits (if any) that are vested amounts or vested benefits or that the Employee is otherwise entitled to receive under the express provision of any plan, program, policy or practice on the
effective date of termination (excluding, without limitation, severance pay plans (if any) and any amounts or benefits that are forfeited in the event of a termination for Cause, termination by the Employee for any reason or no reason or other
termination in accordance with the terms of the applicable plan, programs, policy, or practice), which amounts and/or benefits shall be payable or provided in accordance with the terms of such plan, program policy, or practice; 
 (b) any Annual Bonus (or portion thereof), if any, relating to the calendar year prior to the calendar year in which the effective date of
the Employee’s

  

 -3- 

 
termination occurs that was earned on the applicable Annual Bonus Approval Date, but unpaid, as of the date of termination, which unpaid Annual Bonus (or portion thereof) shall be payable within
thirty (30) days of the date of termination; and 
 (c) expenses reimbursable under Section 4.4 of this Agreement
incurred, but not yet reimbursed to the Employee, to the date of termination. 
 For the purposes of this Agreement,
“Cause” means, as determined by a majority of the Board, in the Board’s reasonable business judgment acting in good faith and engaging in fair dealing with the Employee, with respect to conduct during the Employee’s employment
with the Company, whether or not committed during the Term: (i) commission of a felony by the Employee; (ii) acts of dishonesty by the Employee resulting or intending to result in personal gain or enrichment at the expense of any member of
the Company Group or any of their respective Affiliates; (iii) the Employee’s appropriation (or attempted appropriation) of any business opportunity of any member of the Company Group or any of their respective 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 any member of the Company Group or any of their respective Affiliates; (iv) the
Employee’s material breach of any of his duties, representations, warranties, covenants or other obligations under this Agreement; (v) conduct by the Employee in connection with his duties hereunder that is fraudulent or grossly negligent
or that the Employee knew to be unlawful, provided that any action taken by the Employee on the advice of the Company’s General Counsel (or his/her designee) shall not be treated as unlawful for purposes of this clause (v); (vi) engaging
in personal conduct by the Employee (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 any member of the Company Group or
any of their respective Affiliates; (vii) contravention of specific lawful direction of the Board and/or CEO, failure to adhere to any applicable policy or procedure of the Company of which the Employee has knowledge or which has been provided
to the Employee in writing, or inattention to or failure to attempt, in good faith, to perform the duties to be performed by the Employee under the terms of this Agreement; or (viii) breach of the Employee’s covenants set forth in
Section 6 of this Agreement before termination of employment; provided, that, with respect to clauses (iv) and (vii) only, the Employee shall have fifteen (15) days after notice from the Company, which notice shall set forth in
reasonable detail a description of the deficiency determined by the Board and/or CEO 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). 
 For purposes of this Agreement, “Good Reason” means, without the
Employee’s consent, (i) a material adverse reduction in Employee’s authority, responsibilities or duties as Chief Financial Officer of the Company; or (ii) the Company’s material breach of its obligations under this
Agreement; provided that a suspension of the Employee and the requirement that the Employee not report to work shall not constitute “Good Reason” if Employee continues to receive compensation and benefits required by this Agreement.
Employee shall be deemed to have consented to any act or event that would otherwise give rise to “Good Reason,” unless Employee provides written notice to the Company specifying the act or event within thirty (30) days following the
occurrence of the act or event. The Company shall have thirty (30) days after receipt of notice from the Employee specifying the act or event otherwise constituting Good Reason to cure the act or event that otherwise would constitute Good
Reason. 
  

 -4- 

 5.2 By the Company Without Cause or By the Employee for Good Reason or Due to Death or
Disability or Expiration of the Term. If: (i) the Employee’s employment terminates due to his death; (ii) the Company terminates the Employee’s employment without Cause (which may be done at any time with or without prior
notice); (iii) the Company terminates the Employee’s employment due to the Employee’s Disability (as defined below); (iv) the Employee terminates his employment for Good Reason, upon at least thirty (30) days prior written
notice and opportunity to cure; or (v) this Agreement and the employment relationship hereunder is terminated as a result of the expiration of the Term (arising out of the Company’s determination not to deliver an Extension Notice and
regardless of whether the expiration of the Term occurs at the end of the Initial Term or an Additional Term), then the Employee (or, in the event of the Employee’s death or incapacity, the Employee’s legal representative) shall be
entitled to receive, and the Company’s sole obligation under this Agreement or otherwise shall be to pay or provide: 
 (a)
the Accrued Benefits; and 
 (b) subject to the Employee’s (or, in the event of the Employee’s death or incapacity,
the Employee’s legal representative’s) execution, delivery and non-revocation of a general release in a form satisfactory to the Company (the “Release”), which Release, among other things, shall include a general release of the
members of the Company Group, each of their respective direct and indirect parent entities and direct and indirect subsidiaries and each their respective Affiliates, and each of their respective officers, directors, employees, shareholders, members,
managers, partners, plan administrators, and agents, as well as the predecessors, past and future successors and assigns or estates of any of the foregoing, from all liability: 
 (i) an amount (the “Severance Amount”) equal to: 
 (A) if the effective date of termination occurs prior to the expiration of the Initial Term, an amount equal to the larger of (X) the cumulative Base Salary payments that Employee would have received
for the remainder of the Initial term (determined based on the rate of Base Salary in effect as of the effective date of termination) or (Y) one (1) times the Employee’s annualized Base Salary (determined based on the rate of Base
Salary in effect as of the effective date of termination); or 
 (B) if the effective date of termination occurs on the last
day of the Initial Term or during an Additional Term, one (1) times Employee’s annualized Base Salary (determined based on the rate of Base Salary in effect as of the effective date of termination). 
 The Severance Amount, less standard income and payroll tax withholding and other authorized deductions, shall be payable in twelve
(12) equal monthly installments, commencing within seventy-five (75) days following the Employee’s date of termination, but not later than March 15 of the year following the year in which the Employee’s date of termination
occurs; provided, however, that payment of the Severance Amount shall not commence unless the Release is executed and delivered to the Company and has not been revoked. Each installment of the Severance Amount shall be treated as a
separate payment for purposes of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (collectively, the “Code”); and 
  

 -5- 

 (ii) if the Employee (or, if eligible for continuation coverage under the terms of such
plans and applicable law, the Employee’s legal representatives) elects continuing group coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall waive the cost of such
coverage to the extent that such cost exceeds the cost that the Company charges active employees for similar coverage until the earlier of (x) the first twelve (12) months of COBRA coverage (the “Subsidized COBRA Coverage
Period”), or (y) the date that the Employee (or the Employee’s legal representatives, if applicable) are covered under another group health plan, subject to the terms of the plans and applicable law; provided, however,
if the effective date of termination occurs prior to the date that the Initial Term would have expired, then the Subsidized COBRA Coverage Period will be equal to the greater of (X) twelve (12) full calendar months or (Y) the number
of full calendar months from the effective date of termination to the expiration of the Initial Term (e.g., if the effective date of termination is sixteen (16) full calendar months prior to the date that the Initial Term would have
expired, the Subsidized COBRA Coverage Period shall be equal to the first sixteen (16) months of COBRA coverage). 
 The
Company shall have no obligation to provide the payments and benefits (other than Accrued Benefits) set forth above in the event that Employee breaches the provisions of Section 6 of this Agreement. 
 For the purposes of this Agreement, “Disability” means a determination by the Company in accordance with applicable law that, as a
result of a physical or mental injury or illness, the Employee is unable to perform the essential functions of his job (with or without reasonable accommodation) for a period of (i) ninety (90) consecutive days, or (ii) one hundred
twenty (12) days in any twelve (12) month period. 
 5.3 No Mitigation; No Offset. The Employee shall be under
no obligation to seek other employment after his termination of employment with the Company and the obligations of the Company to the Employee which arise upon the termination of his employment pursuant to this Section 5 shall not be subject to
mitigation or offset. 
 5.4 Removal from any Boards and Position. If the Employee’s employment is terminated for
any reason under this Agreement, he shall be deemed to resign (i) if a member, from the board of directors of any member of the Company Group or any other board to which he has been appointed or nominated by, or on behalf of the Company, or any
other member of the Company Group, and (ii) from any position with any member of the Company Group, including but not limited to, as an officer of any member of the Company Group; provided, however, the Employee agrees to take all
further actions that are deemed reasonably necessary by the Company to effectuate or evidence such resignations. 
  

 -6- 

 6. Restrictions and Obligations of the Employee. 
 6.1 Confidentiality. (a) During the course of the Employee’s employment by the Company (prior to and during the Term) or
otherwise, the Employee has had and will have access to certain trade secrets and confidential information relating to the Company and its Affiliates, its and their respective direct and indirect parent entities and direct and indirect subsidiaries
and each of their respective Affiliates, as well as their respective predecessors, successors and assigns (collectively, the “Protected Parties”) which is not readily available from sources outside the Protected Parties. The confidential
and proprietary information and trade secrets of the Protected Parties are among their most valuable assets, including but not limited to, their customer, supplier and vendor lists, databases, competitive strategies, computer programs, frameworks,
or models, their marketing programs, their sales, financial, marketing, training and technical information, their product development (and proprietary product data) and any other information, whether communicated orally, electronically, in writing
or in other tangible forms concerning how the Protected Parties create, develop, acquire or maintain their products and marketing plans, target their potential customers and operate their businesses. The Protected Parties invested, and continue to
invest, considerable amounts of time and money in their process, technology, know-how, obtaining and developing the goodwill of their customers, their other external relationships, their data systems and databases, and all the information described
above (hereinafter collectively referred to as “Confidential Information”), and any misappropriation or unauthorized disclosure of Confidential Information in any form would irreparably harm the Protected Parties. The Employee acknowledges
that such Confidential Information constitutes valuable, highly confidential, special and unique property of the Protected Parties. The Employee shall hold in a fiduciary capacity for the benefit of the Protected Parties all Confidential Information
relating to the Protected Parties and their businesses, which shall have been obtained by the Employee during the Employee’s employment by the Company or its Affiliates or otherwise and which shall not be or become public knowledge (other than
by acts by the Employee or representatives of the Employee in violation of this Agreement). Except as required by law or an order of a court or governmental agency with jurisdiction, the Employee shall not, during the period the Employee is employed
by the Company or its Affiliates or at any time thereafter, disclose any Confidential Information, directly or indirectly, to any person or entity for any reason or purpose whatsoever, nor shall the Employee use it in any way, except in the course
of the Employee’s employment with, and for the benefit of, the Protected Parties or to enforce any rights or defend any claims hereunder or under any other agreement to which the Employee is a party, provided that such disclosure is relevant to
the enforcement of such rights or defense of such claims and is only disclosed to the extent necessary in the formal proceedings related thereto. The Employee shall take all reasonable steps to safeguard the Confidential Information and to protect
it against disclosure, misuse, espionage, loss and theft. The Employee understands and agrees that the Employee shall acquire no rights to any such Confidential Information. 
 (b) All files, records, documents, drawings, specifications, data, computer programs, evaluation mechanisms and analytics and similar items
relating thereto or to the Business (for the purposes of this Agreement, “Business” shall be as defined in Section 6.3 hereof), as well as all customer lists, specific customer information, compilations of product research and
marketing techniques of the Protected Parties, whether prepared by the Employee or otherwise coming into the Employee’s possession, shall remain the exclusive property of the

  

 -7- 

 
Company or other Protected Parties, as applicable, and the Employee shall not remove any such items from the premises of the Company or other Protected Parties, except in furtherance of the
Employee’s duties under this Agreement. 
 (c) It is understood that while employed by the Company or any of its
Affiliates, the Employee will promptly disclose to the Company and to no one else, any idea, invention, technique, modification, process, or improvement (whether patentable or not), any industrial design (whether registrable or not), any mask work,
however fixed or encoded, that is suitable to be fixed, embedded or programmed in a product (whether recordable or not) and any work of authorship (whether or not copyright protection may be obtained for it) created, conceived, or developed by the
Employee or the Employee’s Affiliate (collectively, the “Inventions”), either solely or in conjunction with others, during Employee’s employment with the Company or any of its Affiliates, that relates in any way to, or is useful
in any manner to, the business then being conducted or proposed to be conducted by any member of the Company Group or any of their respective Affiliates and any such item created by the Employee or the Employee’s Affiliate, either solely or in
conjunction with others, that is based upon or uses Confidential Information. Employee agrees that (i) each Invention belongs, or shall belong, exclusively to the Company from conception, (ii) all of the Employee’s writings, works of
authorship, specially commissioned works, and other Inventions are works made for hire and are the exclusive property of the Company, including any copyrights, patents, or other intellectual property rights pertaining thereto, and (iii) if it
is determined that any such Inventions are not works made for hire, the Employee hereby irrevocably assigns to the Company all of the Employee’s right, title and interest, including rights of copyright, patent, and other intellectual property
rights, to or in such Inventions. The Employee covenants that the Employee shall promptly (i) provide a separate written irrevocable assignment to the Company, or to an individual or entity designated by the Company, at the Company’s
request and without additional compensation, all of the Employee’s right to any Inventions in the United States and all foreign jurisdictions, (ii) at the Company’s expense, execute and deliver to the Company such applications,
assignments, and other documents as the Company may request in order to apply for and obtain patents or other registrations with respect to any Invention in the United States and any foreign jurisdictions, (iii) at the Company’s expense,
execute and deliver all other papers deemed necessary by the Company to carry out the above obligations, and (iv) give testimony and render any other assistance in support of the Company’s rights to any Invention (with the Company paying
the Employee a reasonable fee for the Employee’s time if the Employee’s employment with the Company or any of its Affiliates has ended at the time of such testimony or assistance). In the event that the Company is unable to secure the
Employee’s signature after reasonable effort in connection with any patent, trademark, copyright or other similar protection relation to an Invention, the Employee irrevocably designates and appoints the Company and its respective officers and
agents as the Employee’s agent and attorney-in-fact, to act for and on the Employee’s behalf and stead to execute and file any such application and to do all other lawfully permitted acts to further the prosecution and issuance of patents,
trademarks, copyrights or similar protection thereon with the same legal force and effect as if executed by the Employee. At all times during and after the Employee’s employment by the Company, the Employee shall assist the Company in
obtaining, maintaining, and renewing patent, copyright, trademark and other appropriate protection for any Invention, in the United States and in any foreign jurisdictions, at the Company’s expense. 
 (d) As requested by the Company, from time to time and upon the termination of the Employee’s employment with the Company for any
reason or no reason, the

  

 -8- 

 
Employee will promptly deliver to the Company all copies and embodiments, in whatever form, of all Confidential Information in the Employee’s possession or within his control (including but
not limited to, memoranda, records, notes, plans, photographs, manuals, notebooks, documentation, program listings, flow charts, magnetic media, disks, diskettes, tapes and all other materials containing any Confidential Information) irrespective of
the location or form of such material. If requested by the Company, the Employee will provide the Company with written confirmation that all such materials have been delivered to the Company as provided herein. 
 6.2 Non-Solicitation or Hire. During the Term and for a period of twelve (12) months following the termination of the
Employee’s employment for any reason or no reason (the “Non-Solicit Period”), the Employee shall not, directly or indirectly, solicit or attempt to solicit or induce or attempt to induce, directly or indirectly, (a) any
individual or entity who or which is a customer of the Company or any of the other Protected Parties, or who or which was a customer of the Company or any of the other Protected Parties at any time during the twelve (12) month period
immediately prior to the date the Employee’s employment terminates, for the purpose of marketing, selling or providing to any such individual or entity any services or products offered by or available from the Company or any of the other
Protected Parties (provided that if the Employee intends to solicit any such party for any other purpose, he shall notify the Company of such intention and receive prior written approval from the Company), (b) any supplier to or customer or
client of the Company or any of the other Protected Parties to terminate, reduce or alter negatively its relationship with the Company or any of the other Protected Parties or in any manner interfere with any agreement or contract between the
Company and/or any of the other Protected Parties and such supplier, customer or client, or (c) any employee or agent of the Company or any of the other Protected Parties or any individual or entity who or which was an employee or agent of the
Company or any of the other Protected Parties during the twelve (12) month period immediately prior to the date the Employee’s employment terminates, to terminate such individual’s or entity’s employment relationship with, or
engagement to perform services for, the Protected Parties in order, in either case, to enter into a similar relationship with the Employee, or any other person or entity in competition with the Business of the Company or any of the other Protected
Parties. Employee further agrees that, during the Non-Solicit Period, he shall not, directly or indirectly, (a) hire or engage (or assist in the hiring or engaging of) any employee or agent of the Company or any of the other Protected Parties
or any individual or entity who or which was an employee or agent of the Company or any of the other Protected Parties during the twelve (12) month period immediately prior to the date the Employee’s employment terminates to enter into a
similar relationship with the Employee or any other person or entity in competition with the Business of the Company or any of the other Protected Parties, (b) solicit, divert with the intention to take away, or attempt to divert with the
intention to take away, any investment opportunity considered by Employer or any other Protected Party, or (c) interfere with, disrupt, or attempt to interfere with or disrupt, or assist others to disrupt or interfere with, the relationship,
contractual or otherwise, between the Company or of the other Protected Parties and any of their respective customers, clients, accounts, investors, suppliers, lessors, consultants, independent contractors, agents, or employees. 
 6.3 Non-Competition. During the Term and for a period of twelve (12) months following the termination of the Employee’s
employment by the Company or any of its Affiliates (for any reason or no reason) (the “Non-Compete Period”), the Employee shall not, directly or indirectly, whether individually, as a director, manager, member, shareholder, partner,

  

 -9- 

 
owner, employee, consultant or agent of any business, or in any other capacity, other than on behalf of the Company or its Affiliates, organize, establish, own, operate, manage, control, engage
in, participate in, invest in, permit his name to be used by, act as a consultant or advisor to, render services for (alone or in association with any person, firm, corporation or business organization), or otherwise assist any person or entity that
engages in or owns, invests in, operates, manages or controls any venture or enterprise which engages or proposes to engage in (a) the sale, distribution, manufacturing and/or design of structural metal components and assemblies for the
automotive industry (excluding an automobile manufacturer that is the original equipment manufacturer of such components and assemblies, but does not sell or distribute or intend to sell or distribute such components or assemblies other than as part
of the complete automobiles that it manufactures and does not manufacture or design or intend to manufacture or design such components or assemblies other than for use in the complete automobiles that it manufactures), or (b) any other business
conducted by the Company, any other member of the Company Group or any of their respective Affiliates on the date of the Employee’s termination of employment or within twelve (12) months of the Employee’s termination of employment in
the geographic locations where the Company, the other members of the Company Group and/or their respective Affiliates engage or propose to engage in such business (the “Business”). Notwithstanding the foregoing, nothing in this Agreement
shall prevent the Employee from owning for passive investment purposes not intended to circumvent this Agreement, less than five percent (5%) of the publicly traded common equity securities of any company engaged in the Business (so long as the
Employee has no power to manage, operate, advise, consult with or control the competing enterprise and no power, alone or in conjunction with other affiliated parties, to select a director, manager, general partner, or similar governing official of
the competing enterprise other than in connection with the normal and customary voting powers afforded the Employee in connection with any permissible equity ownership). 
 6.4 Nondisparagement. The Employee agrees that he will not at any time (whether during or after the Term) publish or communicate to any person or entity any Disparaging (as defined below) remarks,
comments or statements concerning the Company, any of the other Protected Parties or any of their present or former respective members, partners, directors, officers, shareholders, employees, agents, attorneys, successors and assigns.
“Disparaging” remarks, comments or statements are those that impugn the character, honesty, integrity or morality or business acumen or abilities in connection with any aspect of the operation of business of the individual or entity being
disparaged. 
 6.5 Property. The Employee acknowledges that all originals and copies of materials, records and documents
generated by him or coming into his possession or control during his employment by the Company or its Affiliates are the sole property of the Company and/or the other Protected Parties, as applicable (“Company Property”). During the Term,
and at all times thereafter, the Employee shall not remove, or cause to be removed, from the premises of the Company or any of the other Protected Parties, copies of any record, file, memorandum, document, computer related information or equipment,
or any other item relating to the business of the Company or any of the other Protected Parties, except in furtherance of his duties under the Agreement. When the Employee’s employment with the Company terminates, or upon request of the Company
at any time, the Employee shall promptly deliver to the Company all copies of Company Property in his possession or control. 
  

 -10- 

 6.6 Remedies; Specific Performance; Calculation of Time Period. The Parties
acknowledge and agree that the Employee’s breach or threatened breach of any of the restrictions set forth this Section 6 will result in irreparable and continuing damage to the Protected Parties for which there may be no adequate remedy
at law and that the Protected Parties shall be entitled to equitable relief, including specific performance and temporary, preliminary and permanent injunctive relief (without being obligated to post a bond or other collateral) and to an equitable
accounting of all earnings, profits and other benefits arising, directly or indirectly, from such violation, as remedies for any such breach or threatened or attempted breach. The Employee also agrees that such remedies shall be in addition to any
and all remedies, including damages, available to the Protected Parties against him for such breaches or threatened or attempted breaches. In addition, without limiting the Protected Parties’ remedies for any breach of any restriction on the
Employee set forth in this Section 6, except as required by law, the Employee shall not be entitled to any payments set forth in Section 5.2 of this Agreement hereof if the Employee has breached the covenants applicable to the Employee
contained in this Section 6, the Employee will immediately return to the Company any such payments previously received under Section 5.2 of this Agreement upon such a breach, and, in the event of such breach, the Company will have no
obligation to pay any of the amounts that remain payable by the Company under Section 5.2 of this Agreement. Employee also agrees that, without limiting the Protected Parties’ remedies for any breach or threatened breach of his obligations
under this Section 6, Employee shall be responsible for payment of the attorneys’ and experts’ fees and expenses of the Protected Parties, as well as court or other forum costs, pertaining to any suit, arbitration, mediation, action
or other proceeding (including the costs of any investigation related thereto) arising directly or indirectly out of the Employee’s violation or threatened violation (as determined by a court of competent jurisdiction or arbitrator, as the case
may be), of any of the provisions of this Section 6. Further, without limiting the Protected Parties’ remedies for any breach of any restriction on the Employee set forth in this Section 6, Employee agrees that if he breaches any of
restrictions set forth in Section 6.2 or 6.3 of this Agreement, the running of the time period of such provision(s) shall be extended from the end of the original Non-Solicitation Period or Non-Compete Period, as applicable, for the period of
time the Employee was in breach of the provision(s). 
 7. Other Provisions. 
 7.1 Notices. Any notice or other communication required or which may be given hereunder shall be in writing and shall be delivered
personally, telegraphed, telexed, or sent by certified, registered or express mail, postage prepaid or overnight mail and shall be deemed given when so delivered personally, telegraphed, telexed, or, if mailed, four (4) days after the date of
mailing or one (1) day after overnight mail, as follows: 
 (a) If the Company, to: 
  

					
		 	Tower Automotive Operations USA I, LLC
		 	27175 Haggerty Road
		 	Novi, Michigan 48377
		 	Attention:	 	Mark Malcolm
		 		 	Chief Executive Officer

  

 -11- 

					
		 	With copies to (which shall not constitute notice):
		
		 	Cerberus Capital Management, L.P.
		 	299 Park Avenue
		 	New York, New York 10171
		 	Attention:	 	Mark A. Neporent, Senior Managing Director
		 	Telephone:	 	(212) 891-2100

  

					
		 	 And

		
		 	 Lowenstein Sandler PC

		 	 1251 Avenue of the Americas

		 	 New York, New York 10020

		 	 Attention:
	 	 Robert G. Minion, Esq.

 (b) If the Employee, to the Employee’s home address reflected in the Company’s records. 
 7.2 Entire Agreement. This Agreement contains the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, written or
oral, with respect thereto. 
 7.3 Representations and Warranties by Employee. The Employee represents and warrants to
the Company that: (a) he has the legal authority to execute and perform this Agreement; (b) this Agreement is a valid and binding agreement enforceable against him according to its terms; (c) he has consulted his attorneys and
financial advisors with respect to the terms of this Agreement (specifically, including, without limitation, the provisions of Sections 6.2 and 6.3 of this Agreement); and (d) he is not a party to or subject to any restrictive covenants, legal
restrictions or other agreements in favor of any entity or person which would in any way preclude, inhibit, impair or limit the Employee’s ability to perform his obligations under this Agreement, including but not limited to, non-competition
agreements, non-solicitation agreements or confidentiality agreements. The Employee shall not disclose to the Company or to any of the other Protected Parties, or induce the Company or any of the other Protected Parties to use, any proprietary,
secret, or confidential information or material belonging to any other individual or entity, including, without limitation, any former employers. 
 7.4 Waiver and Amendments. This Agreement may be amended, modified, superseded, canceled, renewed or extended, and the terms and conditions hereof may be waived, only by a written instrument signed
by the Parties or, in the case of a waiver, by the Party waiving compliance. No delay on the part of any Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any right,
power or privilege hereunder, nor any single or partial exercise of any right, power or privilege hereunder, preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder. 
 7.5 Governing Law, Dispute Resolution and Venue. 
 (a) Any and all actions or controversies arising out of this Agreement or the termination thereof, including, without limitation, tort claims, shall be governed and construed in accordance with the laws
of the State of New York applicable to agreements made and not to be performed entirely within such state, without regard to conflict of laws principles. 
  

 -12- 

 (b) The Parties agree irrevocably to submit to the exclusive jurisdiction of the federal
courts or, if no federal jurisdiction exists, the state courts, located in the City of New York, Borough of Manhattan, for the purposes of any suit, action or other proceeding brought by any Party arising out of any breach of any of the provisions
of this Agreement and hereby waive, and agree not to assert by way of motion, as a defense or otherwise, in any such suit, action, or proceeding, any claim that it is not personally subject to the jurisdiction of the above-named courts, that the
suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper, or that the provisions of this Agreement may not be enforced in or by such courts. IN ADDITION, THE PARTIES IRREVOCABLY
WAIVE ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY SUCH ACTIONS OR CONTROVERSIES AND REPRESENT THAT SUCH PARTY HAS CONSULTED WITH COUNSEL SPECIFICALLY WITH RESPECT TO THIS WAIVER. 
 7.6 Benefit of Agreement; Delegation of Duties Prohibited. This Agreement shall inure to the benefit of, and shall be binding upon,
the Parties and their respective successors, assigns, heirs, and legal representatives, including any entity with which the Company may merge or consolidate or to which all or substantially all of its assets may be transferred. This Agreement also
shall inure to the benefit of the Protected Parties, as well as their respective successors and assigns, including any entity with which any Protected Party may merge or consolidate or to which all or substantially all of its or their assets may be
transferred. The duties and covenants of the Employee under this Agreement, being personal, may not be delegated. 
 7.7
Counterparts. This Agreement may be executed in counterparts and by facsimile, each of which shall be deemed an original but all of which shall constitute one and the same instrument. 
 7.8 Headings; Construction. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise
affect the meaning of terms contained herein. All references to “Section” or “Sections” refer to the corresponding Section or Sections of this Agreement unless otherwise specified. All words used in this Agreement shall be
construed to be of such gender or number as the circumstances require. Unless otherwise expressly provided, the work “including” does not limit the preceding words or terms. Given the full and fair opportunity provided to each Party to
consult with their respective counsel with respect to the terms of this Agreement, ambiguities shall not be construed against either Party by virtue of such Party having drafted the subject provision. 
 7.9 Severability. If any term, provision, covenant or restriction of this Agreement, or any part thereof, is held by a court of
competent jurisdiction of any foreign, federal, state, county or local government or any other governmental, regulatory or administrative agency or authority to be invalid, void, unenforceable or against public policy for any reason, the remainder
of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected or impaired or invalidated. The Employee acknowledges that the restrictive covenants contained in
Section 6 of this Agreement are a condition of this Agreement and that the restrictions on the activities in which he may engage that are set forth in Section 6 of this Agreement and the location and period of time for which such
restrictions apply are reasonable and necessary to protect the legitimate business interests of the Company and the other Protected Parties. 
  

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 7.10 Judicial Modification. If any court of competent jurisdiction determines that
any of the covenants in Section 6 of this Agreement, or any part of any of them, is invalid or unenforceable, the remainder of such covenants and parts thereof shall not thereby be affected and shall be given full effect, without regard to the
invalid portion. If any court of competent jurisdiction determines that any of such covenants, or any part thereof, is invalid or unenforceable because of the geographic or temporal scope of such provision, such court shall reduce such scope to the
minimum extent necessary to make such covenants valid and enforceable. 
 7.11 Compliance with Law. This Agreement is
intended to comply with the requirements of Section 409A of the Code and the regulations promulgated thereunder. To the extent that any provision in this Agreement is ambiguous as to its compliance with Section 409A, the provision shall be
read in such a manner so that all payments under Sections 4 and 5 of this Agreement shall comply with Section 409A. 
 7.12 Tax Withholding. The Company or other payor is authorized to withhold from any benefit provided or payment due hereunder, the amount of withholding taxes due any federal, state or local authority in respect of such benefit or
payment and to take such other action as may be necessary in the opinion of the Board to satisfy all obligations for the payment of such withholding taxes. 
 7.13 Notice of New Employment or Engagement. The Employee shall, during the Non-Compete Period and Non-Solicit Period, give written notice to the Company, within ten (10) calendar days after
accepting any employment or other engagement to perform services, of the identity of the individual or entity by whom or which the Employee has been employed or engaged. The Company may notify such individual or entity that the Employee is bound by
this Agreement and, at the Company’s election, furnish such individual or entity with a copy or summary of this Agreement (in whole or in part). 
 7.14 Survival. The provisions of Sections 5, 6, and 7 of this Agreement shall survive the termination of this Agreement and the employment relationship hereunder. 
 [signatures follow on the next page] 
  

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 IN WITNESS WHEREOF, the Parties hereto, intending to be legally bound hereby, have executed
this Agreement as of the day and year first above mentioned. 
  

			
	EMPLOYEE:
	
	 /s/ James Gouin

	James Gouin
	
	TOWER AUTOMOTIVE OPERATIONS USA I, LLC
		
	By:	 	 /s/ Mark M. Malcolm

		 	Mark M. Malcolm
		 	President and Chief Executive Officer

  

 -15-

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