Document:

Exhibit 10.61

 

CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED AS TO CERTAIN PORTIONS OF THIS DOCUMENT. EACH SUCH PORTION, WHICH HAS BEEN OMITTED HEREIN AND REPLACED WITH AN ASTERISK
[*], HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

FOURTH AMENDMENT TO LEASE AGREEMENT

 

THIS
FOURTH AMENDMENT TO LEASE AGREEMENT (this “Amendment”) is dated October 3, 2011, and is by and among
CHASSIS (DE) LIMITED PARTNERSHIP, a Delaware limited partnership (“Landlord”), with an address at c/o W.
P. Carey & Co. LLC, 50 Rockefeller Plaza, 2nd Floor, New York, New York, 10020, and TOWER AUTOMOTIVE
OPERATIONS USA I, LLC, a Delaware limited liability company and TOWER AUTOMOTIVE OPERATIONS USA II, LLC, a Delaware limited
liability company (successors-in-interest to Tower Automotive Products Company, Inc. and Tower Automotive Tool, LLC;
collectively, “Tenant”), with an address at 17672 North Laurel Park Drive, Suite 400E, Livonia, Michigan,
48152. All capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to them in the
Lease (hereinafter defined).

 

WITNESSETH:

 

WHEREAS, Landlord
and Tenant entered into that certain Lease Agreement dated April 10, 2002 (the “Original Lease”), pursuant to
which Landlord leased to Tenant and Tenant leased from Landlord the Granite City Premises, the Kendallville Premises, the Clinton
Premises and the Upper Sandusky Premises, as more specifically described in the Original Lease, which Original Lease was amended
by that certain First Amendment to Lease Agreement dated October 9, 2002 (the “First Amendment”), that certain
Second Amendment to Lease Agreement dated July 31, 2007 (the “Second Amendment”), and that certain Third Amendment
to Lease Agreement dated January 24, 2011 (the “Third Amendment”; collectively with the Original Lease, the
First Amendment and the Second Amendment, the “Lease”);

 

WHEREAS, Locus
Realty, LLC, an Indiana limited liability company (“Purchaser”), shall purchase on October 3, 2011, the Kendallville
Premises from Landlord pursuant to that certain Agreement of Purchase and Sale dated June 29, 2011, as amended by that certain
First Amendment to Agreement of Purchase and Sale dated August 8, 2011 (collectively, the “Purchase Agreement”),
by and among Landlord, as seller, Purchaser, as buyer, and Tenant;

 

NOW, THEREFORE,
in consideration of the mutual promises herein contained and other good and valuable consideration, the receipt and sufficiency
of which hereby are acknowledged and agreed to by the parties, Landlord and Tenant hereby agree as follows:

 

		1.	Definitions. Paragraph 2 of the Lease (“Definitions”) hereby is amended by deleting
the definition of “Lease” and inserting the following in lieu thereof:

 

““Lease”
shall mean the Original Lease as amended by that certain First Amendment to Lease Agreement dated October 9, 2002, that certain
Second Amendment to Lease Agreement dated July 31, 2007, that certain Third Amendment to Lease Agreement dated January 24, 2011,
and that certain Fourth Amendment to Lease Agreement dated October 3, 2011.”

 

		2.	Premises. Exhibits “A-2” and “A-3” of the Lease hereby are deleted
in their entirety and the following is inserted in lieu thereof:

 

“Intentionally
omitted.”

 

    	 

    	 

    

 

		3.	Permitted Encumbrances. Exhibits “C-l”, “C-2”,
                                                           “C-3” and “C-4” of the Lease hereby are deleted in their entirety and the following is inserted in
                                                           lieu thereof:

 

“Intentionally omitted.”

 

		4.	Basic Rent. Pursuant to Paragraph l(a)(iii)(A) of Exhibit “D” of the Lease (as
set forth in the Second Amendment), commencing as of the date of this Amendment, Basic Rent per annum shall be [*], subject
to the adjustments set forth in Exhibit “D” of the Lease.

 

		5.	Acquisition Cost. Exhibit “E” of the Lease (“Acquisition Cost”)
hereby is deleted in its entirety and is replaced with Exhibit “E” attached hereto.

 

		6.	Percentage Allocation. Exhibit “F” of the Lease (“Premise Percentage Allocation
of Basic Rent”) hereby is deleted in its entirety and is replaced with Exhibit “F” attached hereto.

 

		7.	Floor Net Sales Prices. Exhibit “H” of the Lease (“Floor Net Sales Prices”)
hereby is deleted in its entirety and is replaced with Exhibit “H” attached hereto.

 

		8.	Purchase. The parties hereto agree that, notwithstanding any other provision of the Lease,
the sale of the Kendallville Premises to Purchaser in accordance with the Purchase Agreement is affirmed, and the Kendallville
Premises no longer shall be subject to the Lease, provided that Tenant shall continue to be liable for any Surviving Obligations
with respect to the Kendallville Premises. For avoidance of doubt, and without limiting the foregoing, the parties hereby agree
that all costs and expenses associated with and incident to the sale of the Kendallville Premises, including in connection with
the negotiation, execution and delivery of this Amendment, shall be subject to the provisions of Section 6(c) of the Purchase Agreement.

 

		9.	Modification. Except as expressly set forth herein, nothing herein is intended to or shall
be deemed to amend or modify any of the other provisions or terms of the Lease.

 

		10.	Counterparts. This Amendment may be executed in any number of counterparts and by the different
parties hereto on separate counterparts, each of which, when so executed, shall be deemed an original, but all counterparts shall
constitute but one (1) and the same instrument.

 

		11.	Entire Agreement. This Amendment and the Lease together contain the entire understanding
of the parties hereto and supersedes all prior agreements and understandings, if any, relating to the subject matter hereof or
thereof. Any guarantees, promises, representations or warranties not herein or therein contained and hereinafter made shall have
no force and effect unless in writing, and executed by the party or parties making such guarantees, promises, representations or
warranties. Neither this Amendment nor the Lease nor any portion or provisions hereof or thereof may be amended, cancelled, changed,
discharged, modified, supplemented, terminated or waived orally or by any course of dealing or in any manner other than by an agreement
in writing, signed by the party to be charged.

 

		12.	Binding Agreement. This Amendment shall not be binding upon Landlord and Tenant until executed
and delivered by both Landlord and Tenant and until Guarantor and Lender have executed their respective consents, which are attached
hereto.

 

    	- 2 -

    	 

    

 

		13.	Enforceability. If any provision of this Amendment or its application to any circumstance
or person is invalid or unenforceable to any extent, the remainder of this Amendment, or the applicability of such provision to
other circumstances or persons, shall be valid and enforceable to the fullest extent permitted by law and shall be deemed to be
separate from such invalid or unenforceable provisions and shall continue in full force and effect.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

    	- 3 -

    	 

    

 

IN WITNESS WHEREOF, Landlord and Tenant have
caused this Agreement to be duly executed as of the day and year first above written.

 

	 	LANDLORD:
	 	 
	 	CHASSIS (DE) LIMITED PARTNERSHIP, a
	 	Delaware limited partnership

 

	 	By: TOWER (DE) QRS 14-89, INC., a
	 	Delaware corporation, its general partner

 

	 	By:	/s/ Donna M. Neiley
	 	Name: Donna M. Neiley
	 	Title:  Senior Vice President

 

	 	TENANT:
	 	 
	 	Tower Automotive Operations USA I, LLC, a
	 	Delaware limited liability company

 

	 	By:	/s/ Nanette Dudek
	 	Name: 	Nanette Dudek
	 	Title: 	Secretary

 

	 	Tower Automotive Operations USA II, LLC, a
	 	Delaware limited liability company

  

	 	By:	/s/ Nanette Dudek
	 	Name: 	 Nanette Dudek 
	 	Title: 	 Secretary 

 

    	- 4 -

    	 

    

 

GUARANTOR’S CONSENT

 

TOWER AUTOMOTIVE
HOLDINGS I, LLC, a Delaware limited liability company (“Guarantor”), Guarantor of the obligations of TOWER
AUTOMOTIVE OPERATIONS USA I, LLC, a Delaware limited liability company, and TOWER AUTOMOTIVE OPERATIONS USA II, LLC, a Delaware
limited liability company (collectively, “Tenant”), under that certain Lease Agreement by and between Tenant,
as tenant, and CHASSIS (DE) LIMITED PARTNERSHIP, a Delaware limited partnership (“Landlord”), as landlord,
dated April 10, 2002, as amended by that certain First Amendment to Lease Agreement dated October 9, 2002, that certain Second
Amendment to Lease Agreement dated July 31, 2007, and that certain Third Amendment to Lease Agreement dated January 24, 2011,
pursuant to that certain Guaranty and Suretyship Agreement dated July 31, 2007, made by Guarantor in favor of Landlord, hereby
consents to the terms and conditions of this Fourth Amendment to Lease Agreement dated October 3,
2011, by and between Landlord and Tenant.

 

Consent given
and effective as of this 3rd day of October, 2011.

 

	 	TOWER AUTOMOTIVE HOLDINGS I,
	 	LLC, a Delaware limited liability company

 

	 	By: TOWER INTERNATIONAL, INC., a
	 	Delaware corporation, its sole member

 

	 	By:	/s/ Nanette Dudek
	 	Name: 	 Nanette Dudek 
	 	Title: 	 Secretary 

 

    	- 5 -

    	 

    

 

LENDER’S CONSENT

 

    	- 6 -

    	 

    

 

	 	 	
        Commercial
        Mortgage

        Servicing
	 	
        MAC
        A0227-020

        P.O. Box 31388, Oakland,
        CA 94604 

        1901 Harrison St., 2nd
        Floor 

        Oakland, CA 94612

         

        Tel:
        8009869711

 

October
11, 2011

 

	CHASSIS (DE) LP, A DE LP	via email: dneiley@wpcarey.com
	Attn: Donna Neiley
	C/O W.P. Carey & Co.
	50 ROCKEFELLER PLAZA, 2ND FLOOR
	NEW YORK, NY 01002-00000 

 

	Re:	Borrower:	CHASSIS (DE) LP, A DE LP
	 	Loan No.	70-0200793
	 	Property:	44850 Groesbeck Highway, Clinton Township, MI 48036
	 	Lender:	BSCM03TOP10
	 	Inv. No.	610

 

Dear
Ms. Neiley,

 

Wells
Fargo Bank, N.A. (“Wells Fargo”), as Master Servicer for the above-referenced lender (“Lender”), with respect
to the above-referenced loan (“Loan”), has received your request for Lender’s consent to the 4th Amendment to
Lease between Chassis (DE) LP, a LE LP (“Landlord”) and Tower Automotive Tool, LLC (“Tenant”). Wells Fargo
has reviewed your request and hereby consents, on behalf of the Lender, subject to satisfaction of all of the following conditions:

 

1. Lender’s receipt
of a fully executed copy of the4th Amendment to the Lease.

 

This
approval is valid for 90 days from the date hereof. In the event that the transaction does not close within this timeframe or if
there are any substantive changes from the approved case, including the above conditions, an amendment of the original case should
be submitted to Lender. If all the foregoing conditions are not satisfied, this consent shall be deemed automatically rescinded.
This consent is strictly limited to its terms and Wells Fargo has no obligation to consent to any similar requests in the future.
This consent is solely for the benefit of the above-referenced Borrower and should not be relied upon by any other person or entity.
If you have any questions or comments, please contact me via email at michael,mulligan@wellsfargo.com
or at (510) 446-4894.

 

Sincerely,

 

/s/ Michael Mulligan

Michael Mulligan

Wells Fargo Bank, N.A.,

as Master Servicer

 

Together
we’ll go far

 

 

    	- 7 -

    	 

    

 

EXHIBIT
E

 

ACQUISITION COST

 

	Clinton, MI	 	$	28,900,000.00	 
	Upper Sandusky, OH	 	$	2,088,218.00	 
	TOTAL:	 	$	30,988,218.00	 

 

    	- 8 -

    	 

    

 

EXHIBIT
F

 

PREMISES PERCENTAGE ALLOCATION OF BASIC
RENT

AND

ADDITIONAL BASIC RENT

 

	Clinton, MI	 	 	88.3	%
	Upper Sandusky, OH	 	 	11.7	%
	TOTAL:	 	 	100.00	%

 

If any Related Premises ceases to be
subject to this Lease, the percentage shown on this Exhibit F for each of the Related Premises that remains subject to this Lease
shall be adjusted proportionately so that the total of such percentages shall be 100%.

 

    	- 9 -

    	 

    

 

EXHIBIT
H

 

FLOOR NET SALES PRICE

 

	Upper Sandusky, OH	 		[*]	 

 

    	- 10 -Exhibit 10.62

 

 

 

	  
	17672 Laurel Park Drive N
	 	 
	November 29, 2011	Suite 400E
	 	 
	Mr. Rande Somma	Livonia, MI 48152
	794 Palms Rd.	 
	Bloomfield Hills, MI 48304	 

  

Dear Rande,

 

This is to confirm our offer of the position of Senior Adviser
to the Board of Directors of Tower International, Inc. ("Tower" or the "Company"). As Senior Adviser, your
intended role is to advise the Board. Subject to any applicable attorney-client privilege or privacy concerns, you will receive
all materials submitted to the Board and will be invited to attend all meetings of the Board. The term of this agreement will be
from January 3, 2012 through December 31, 2012 and any extension of the term must be mutually agreed by November 1, 2012. You,
as well as the Company, would be free to terminate the relationship at any time.

 

As Senior Adviser to the Board, your Annual Retainer Fee
will be $150,000, payable on a monthly basis. Of course, you will be reimbursed for all appropriate travel and business expenses
that you incur in the course of performing your duties, in accordance with Tower policy. In accepting this offer, you agree that
all disclosed matters remain confidential without the need for any additional formal written agreement.

 

To accept the position of Senior Adviser, please sign and
return the attached.

 

Simultaneously, this letter serves as timely written notice
to you that the Service Agreement between Tower Automotive, LLC and RANDE SOMMA & ASSOCIATES LLC, dated December 1, 2007 and
subsequently amended, will expire without offer of renewal, effective January 2, 2012.

 

Do not hesitate to contact me or Bill Cook with any questions.

 

Sincerely,

 

/s/ Mark Malcolm

Mark Malcolm

President & CEO

Tower International, Inc.

 

    	 

    	 

    

 

 

Acceptance
and Consent

 

To: Tower International, Inc. ("Tower")

 

I hereby
accept the position of Senior Adviser to Tower's Board of Directors and agree to be named and listed as such in Company documents
and public filings.

 

 

	 	Signature:	/s/
    Rande Somma
	 	 	 
	 	Name:	Rande Somma
	 	 	Rande Somma & Associates LLC
	 	 	 
	 	Date:	Dec/5/2011

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