Document:

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                                                                    EXHIBIT 4.2

                          SECURITIES PURCHASE AGREEMENT

         This SECURITIES PURCHASE AGREEMENT (this "Agreement"), dated as of
August 29, 2001 is made by and among TOWER AUTOMOTIVE, INC., a Delaware
corporation, with headquarters located at 4508 IDS Center, Minneapolis, MN 55402
(the "Company"), and the investors named on the signature pages hereto (each of
whom is hereinafter referred to as the "Investor" and all of whom collectively
are hereinafter referred to as the "Investors"). Capitalized terms used herein
and not otherwise defined have the meanings given them in Article VIII hereof.

                                    RECITALS:

         A. The Company and the Investors are executing and delivering this
Agreement in reliance upon the exemption from securities registration afforded
by Section 4(2) of the Securities Act and Rule 506 under Regulation D.

         B. The Investors desire, upon the terms and conditions stated in this
Agreement, to purchase shares of Common Stock for an aggregate purchase price of
$39,910,400. The purchase price per share of the Common Stock is $11.00.

         C. Contemporaneously with the execution and delivery of this Agreement,
the parties hereto are executing and delivering a Registration Rights Agreement
under which the Company has agreed to provide certain registration rights under
the Securities Act and the rules and regulations promulgated thereunder to the
Investors.

         In consideration of the premises and the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Company and the Investors hereby agree as
follows:

                                    ARTICLE I
                         PURCHASE AND SALE OF SECURITIES

         1.1 Purchase and Sale of Securities. At the Closing, subject to the
terms of this Agreement and the satisfaction or waiver of the conditions set
forth in Articles VI and VII hereof, the Company will issue and sell to each
Investor, and each Investor will (on a several and not a joint basis) purchase
from the Company, the number of Securities set forth beneath such Investor's
name on the signature pages hereof.

         1.2 Payment at Closing. On the Closing Date, each Investor will pay the
aggregate purchase price for the Securities as set forth beneath its name on the
signature pages hereof, by wire transfer of immediately available funds in
accordance with the written wire instructions set forth on the signature page
hereto of the Company, and the Company will deliver to each Investor a
certificate

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representing the Securities so purchased by such Investor against delivery of
the purchase price therefor as described above.

         1.3 Closing Date. Subject to the satisfaction or waiver of the
conditions set forth in Articles VI and VII hereof, the Closing will take place
at 10:00 a.m. Central Time on August 30, 2001, or at another date or time agreed
upon by each of the parties to this Agreement (the "Closing Date"). The Closing
will be held at the offices of the Company or at such other place as the parties
agree.

                                   ARTICLE II
                    INVESTOR'S REPRESENTATIONS AND WARRANTIES

         Each Investor represents and warrants to the Company, severally and
solely with respect to itself and its purchase hereunder and not with respect to
any other Investor, that:

         2.1 Investment Purpose. The Investor is purchasing the Securities for
its own account and not with a view to the distribution thereof; provided,
however, that by making the representation herein, the Investor reserves the
right to dispose of the Securities in accordance with or pursuant to an
effective registration statement or an exemption from registration under the
Securities Act. The Investor understands that the Investor must bear the
economic risk of this investment indefinitely, unless the Securities are
registered pursuant to the Securities Act and any applicable state securities or
blue sky laws or an exemption from such registration is available, and that the
Company has no present intention of registering the Securities other than as
contemplated by the Registration Rights Agreement. The Investor further
represents that it does not have any contract, undertaking, agreement or
arrangement with any person or entity to sell, transfer or grant participation
to any third person or entity with respect to any of the Shares.

         2.2 Investor Status. The Investor is either: (i) a "qualified
institutional buyer" as defined in Rule 144A under the Securities Act; or (ii)
an "institutional accredited investor" as defined in Rule 501(a)(1), (2), (3) or
(7) of Regulation D. The Investor is not registered as a broker or dealer under
Section 15(a) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), affiliated with any broker or dealer registered under Section 15(a) of
the Exchange Act (except in the case of Heartland Value Fund, a series of
Heartland Group, Inc., Deephaven Private Placement Trading, Ltd. and Putnam
Investment Management, LLC) or a member of the National Association of
Securities Dealers, Inc. (the "NASD"). If an Investor is subject to the Employee
Retirement Income Security Act of 1974, as amended, and is acquiring the
Securities as a fiduciary or agent for another investor's account, the Investor
will have sole investment and voting discretion with respect to such account and
will have full power to make the acknowledgments, representations and agreements
contained herein on behalf of such account.

         2.3 Reliance on Exemptions. The Investor understands that the
Securities are being offered and sold to it in reliance upon specific exemptions
from the registration requirements of United States federal and state securities
laws and that the Company is relying upon the truth and

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accuracy of, and the Investor's compliance with, the representations,
warranties, agreements, acknowledgments and understandings of the Investor set
forth herein in order to determine the availability of such exemptions and the
eligibility of the Investor to acquire the Securities.

         2.4 Information. The Investor and its advisors, if any, have been
furnished with all materials relating to the business, finances and operations
of the Company, and materials relating to the offer and sale of the Securities,
that have been requested by the Investor or its advisors, if any. The Investor
and its advisors, if any, have been afforded the opportunity to ask questions of
the Company and has received what the Investor and its advisors, if any, believe
to be satisfactory answers to any such inquiries. The Investor acknowledges and
understands that its investment in the Securities involves a significant degree
of risk, including the risks reflected in the SEC Documents.

         2.5 Experience. The Investor is experienced in evaluating companies
such as the Company, is able to fend for itself in transactions such as the one
contemplated by this Agreement, has such knowledge and experience in financial
and business matters that such Investor is capable of evaluating the merits and
risks of such Investor's prospective investment in the Company, and has the
ability to bear the economic risks of the investment in the Securities.

         2.6 Governmental Review. The Investor understands that no United States
federal or state agency or any other government or governmental agency has
passed upon or made any recommendation or endorsement of the Securities or an
investment therein.

         2.7 Transfer or Resale.  The Investor understands that:

             (a) the issuance of the Securities has not been registered under
the Securities Act or any applicable state securities laws and, consequently,
the Investor may have to bear the risk of owning the Securities for an
indefinite period of time because the Securities may not be transferred unless
(i) the resale of the Securities is registered pursuant to an effective
registration statement under the Securities Act; (ii) if requested by the
Company, the Investor has delivered to the Company an opinion of counsel (in
form, substance and scope customary for opinions of counsel in comparable
transactions) to the effect that the Securities to be sold or transferred may be
sold or transferred pursuant to an exemption from such registration; (iii) the
Securities are sold or transferred pursuant to Rule 144; or (iv) the Securities
are sold or transferred to an affiliate (as defined in Rule 144) of the
Investor;

             (b) any sale of the Securities made in reliance on Rule 144 may be
made only in accordance with the terms of Rule 144 (including the holding period
requirement, the volume limitations and the manner of sale restrictions, if
applicable), and if Rule 144 is not applicable the seller (or the person through
whom the sale is made) might be deemed to be an underwriter (as that term is
defined in the Securities Act) under the Securities Act or the rules and
regulations of the SEC thereunder; and

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             (c) except as set forth in the Registration Rights Agreement,
neither the Company nor any other person is under any obligation to register the
Securities under the Securities Act or any state securities laws or to comply
with the terms and conditions of any exemption thereunder.

         2.8 Legends. The Investor understands that until (a) the Securities may
be sold under Rule 144(k) or (b) such time as the Securities have been sold
pursuant to an effective registration statement under the Securities Act or in
compliance with Rule 144, the certificates representing the Securities will bear
a restrictive legend in substantially the following form (and a stop-transfer
order may be placed against transfer of the certificates for such Securities):

         THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED IN
RELIANCE UPON AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"). THE SECURITIES MAY NOT BE OFFERED, SOLD, TRANSFERRED OR
ASSIGNED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT FOR THE
SECURITIES UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM,
OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

         The legend set forth above will be removed and the Company will issue a
certificate without the legend to the holder of any certificate upon which it is
stamped, in accordance with the terms of Article V hereof.

         2.9 Organization and Existence. To the extent indicated on the
signature pages hereto, each Investor is either (i) a limited partnership duly
organized and validly existing under the laws of its respective state of
formation, (ii) a limited liability company duly organized and validly existing
under the laws of its respective state of formation, (iii) a corporation duly
organized and validly existing under the laws of its respective state of
incorporation, (iv) a series of a registered investment company, (v) a trust
fund whose trustee is a bank or trust company or (vi) an individual. Such
Investor represents that it was not organized solely for the purpose of making
an investment in the Company.

         2.10 Authorization; Enforcement. This Agreement, the Registration
Rights Agreement and all other agreements, documents and instruments
contemplated hereby and thereby have been duly and validly authorized, executed
and delivered on behalf of the Investor and are valid and binding agreements of
the Investor enforceable against Investor in accordance with their respective
terms, subject to the effect of any applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the rights of creditors
generally and the application of general principles of equity (regardless of
whether such enforceability is considered in a proceeding in equity or at law).

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         2.11 No Conflicts; No Violation.

              (a) The execution, delivery and performance of this Agreement by
the Investor will not (i) conflict with or result in a violation of any
provision of its charter documents or (ii) to the knowledge of Investor, result
in a violation of any law, rule, regulation, order, judgment or decree
applicable to the Investor.

              (b) The Investor is not required to obtain any consent,
authorization or order of, or make any filing or registration with, any court or
governmental agency or any regulatory or self regulatory agency in order for it
to execute, deliver or perform any of its obligations under this Agreement.

         2.12 Acknowledgments Regarding Placement Agent. Investor acknowledges
that Robert W. Baird & Co. Incorporated is acting as placement agent (the
"Placement Agent") for the Securities being offered hereby and will be
compensated by the Company for acting in such capacity. Investor further
acknowledges that the Placement Agent has acted solely as placement agent for
the Company in connection with the offering of the Securities by the Company,
that certain of the information and data provided to Investor in connection with
the transactions contemplated hereby have not been subjected to independent
verification by the Placement Agent, and that the Placement Agent makes no
representation or warranty with respect to the accuracy or completeness of such
information, data or other related disclosure material. Investor further
acknowledges that in making its decision to enter into this Agreement and
purchase the Securities it has relied on its own examination of the Company and
the terms of, and consequences, of holding the Securities. Investor further
acknowledges that the provisions of this Section 2.13 are also for the benefit
of, and may also be enforced by, the Placement Agent.

         2.13 No Public Offering. Investor has not received any information
relating to the Securities or the Company, and is not purchasing the Securities
as a result of, any form of general solicitation or general advertising,
including but not limited to, any advertisement, article, notice or other
communication published in any newspaper, magazine or similar media or broadcast
over television or radio or pursuant to any seminar or meeting whose attendees
were invited by any general solicitation or general advertising.

         2.14 Representation.  The Investor has had an opportunity to consult
with an attorney in connection with the Investor's investment in the Company.

                                   ARTICLE III
                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

The Company represents and warrants to the Investors that:

         3.1  Organization and Qualification.  The Company is duly incorporated,
validly existing and in good standing under the laws of the jurisdiction in
which it is incorporated, with full corporate

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power and authority to own, lease, use and operate its properties and to carry
on its business as and where now owned, leased, used, operated and conducted.
The Company is duly qualified to do business and is in good standing in every
jurisdiction in which the nature of the business conducted by it makes such
qualification necessary, except where the failure to be so qualified or in good
standing in each such jurisdiction would not have a Material Adverse Effect.

         3.2 Authorization; Enforcement. (a) The Company has all requisite
corporate power and authority to enter into and to perform its obligations under
this Agreement, the Registration Rights Agreement and all other agreements,
documents and instruments contemplated hereby and thereby, to consummate the
transactions contemplated hereby and thereby and to issue the Securities in
accordance with the terms hereof; (b) the execution, delivery and performance of
this Agreement, the Registration Rights Agreement and all other agreements,
documents and instruments contemplated hereby and thereby by the Company and the
consummation by it of the transactions contemplated hereby and thereby
(including without limitation the issuance of the Securities) have been duly
authorized by the Company's Board of Directors and no further consent or
authorization of the Company, its Board or Directors or its stockholders is
required; (c) this Agreement, the Registration Rights Agreement and all other
agreements, documents and instruments contemplated hereby and thereby have been
or will be duly executed by the Company; and (d) each of this Agreement, the
Registration Rights Agreement and all other agreements, documents and
instruments contemplated hereby and thereby constitutes a legal, valid and
binding obligation of the Company enforceable against the Company in accordance
with its terms, subject to the effect of any applicable bankruptcy, insolvency,
reorganization, or moratorium or similar laws affecting the rights of creditors
generally and the application of general principles of equity except as the
indemnification agreements of the Company in the Registration Rights Agreement
may be legally unenforceable.

         3.3 Capitalization. As of August 23, 2001, the authorized capital stock
of the Company consists of (a) 200,000,000 shares of Common Stock, par value
$.01 per share, of which 44,401,568 shares are issued and outstanding and
5,177,600 shares are reserved for issuance under the Company's stock option
plans; (b) 5,000,000 shares of preferred stock, par value $1.00 per share, none
of which are issued and outstanding. All of such outstanding shares of common
stock are duly authorized, validly issued, fully paid and nonassessable. No
shares of capital stock of the Company, including the Securities issuable
pursuant to this Agreement, are subject to preemptive rights or any other
similar rights of the stockholders of the Company or any liens or encumbrances
imposed through the actions or failure to act of the Company. Except for: (i)
stock options and other awards under the Option Plans, (ii) rights to acquire
stock under the 423 Plan, (iii) conversion rights with respect to the Seven Year
Notes, (iv) conversion rights with respect to the Trust Preferred Securities,
(v) conversion rights with respect to the Edgewood Notes and (vi) the
transactions contemplated hereby, there are no outstanding options, warrants,
scrip, rights to subscribe for, puts, calls, rights of first refusal,
agreements, understandings, claims or other commitments or rights of any
character whatsoever that could require the Company to issue additional shares
of capital stock of the Company. Except for the Registration Agreement dated as
of April 15, 1993, as amended on May 14, 1994, by and among the Company and the
Persons listed on Schedule A attached thereto, there are no agreements or
arrangements (other than the Registration Rights Agreement) under which the

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Company is obligated to register the sale of any of its securities under the
Securities Act. There are no anti-dilution or price adjustment provisions
contained in any security issued by the Company (or in any agreement providing
rights to security holders) that will be triggered by the issuance of the
Securities.

         3.4 Issuance of Securities. The Securities are duly authorized and,
upon issuance in accordance with the terms of this Agreement, will be validly
issued, fully paid and non-assessable, free from all taxes, liens, claims,
encumbrances and charges with respect to the issue thereof (other than those
imposed through acts or omissions of the Investor), and will not be subject to
preemptive rights of stockholders of the Company.

         3.5 No Conflicts; No Violation.

             (a) The execution, delivery and performance of this Agreement, the
Registration Rights Agreement and all other agreements, documents and
instruments contemplated hereby and thereby by the Company and the consummation
by the Company of the transactions contemplated hereby and thereby (including,
without limitation, the issuance of the Securities) will not (i) conflict with
or result in a violation of any provision of the Amended and Restated
Certificate of Incorporation or By-laws of the Company or (ii) violate or
conflict with, or result in a breach of any provision of, or constitute a
default (or an event which with notice or lapse of time or both could become a
default) under, or give to others any rights of termination, amendment
(including without limitation, the triggering of any anti-dilution provision),
acceleration or cancellation of, any agreement, indenture, patent, patent
license or instrument to which the Company is a party, or (iii) result in a
violation of any law, rule, regulation, order, judgment or decree (including
U.S. federal and state securities laws and regulations and regulations of any
self-regulatory organizations to which the Company or its securities are
subject), applicable to the Company or by which any property or asset of the
Company is bound or affected, except in the case of clause (ii) for such
conflicts, breaches, defaults, terminations, amendments, accelerations,
cancellations and violations as would not, individually or in the aggregate,
have a Material Adverse Effect.

             (b) The Company is not in violation of its Amended and Restated
Certificate of Incorporation or By-laws and the Company is not in default (and
no event has occurred which with notice or lapse of time or both could put the
Company in default) under any agreement, indenture or instrument to which the
Company is a party or by which any property or assets of the Company is bound or
affected, except for such defaults as would not, individually or in the
aggregate, have a Material Adverse Effect.

             (c) The Company is not conducting its business in violation of any
law, ordinance or regulation of any governmental entity, except for actual or
possible violations as would not, individually or in the aggregate, have a
Material Adverse Effect.

             (d) Except as specifically contemplated by this Agreement and as
required under the Securities Act and any applicable state securities laws and
any listing agreement with any

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securities exchange or automated quotation system, the Company is not required
to obtain any consent, authorization or order of, or make any filing or
registration with, any court or governmental agency or any regulatory or self
regulatory agency in order for it to execute, deliver or perform any of its
obligations under this Agreement or the Registration Rights Agreement, in each
case in accordance with the terms hereof or thereof, or to issue and sell the
Securities in accordance with the terms hereof. All consents, authorizations,
orders, filings and registrations which the Company is required to obtain
pursuant to the preceding sentence have been obtained or effected on or prior to
the date hereof. The Company is not in violation of the listing requirements of
the NYSE.

         3.6 SEC Documents; Financial Statements; Liabilities. Since December
31, 2000, the Company has timely filed all reports, schedules, forms, statements
and other documents required to be filed by it with the SEC pursuant to the
Securities Act or reporting requirements of the Exchange Act (all of the
foregoing filed prior to the date hereof and all exhibits included therein and
financial statements and schedules thereto and documents (other than exhibits)
incorporated by reference therein, being hereinafter referred to herein as the
"SEC Documents"). The Company has delivered to each Investor, or each Investor
has had access to, true and complete copies of the SEC Documents, except for
such exhibits and incorporated documents. As of their respective dates, the SEC
Documents complied in all material respects with the requirements of the
Exchange Act or the Securities Act, as the case may be, and the rules and
regulations of the SEC promulgated thereunder applicable to the SEC Documents,
and none of the SEC Documents, at the time they were filed with the SEC,
contained any untrue statement of a material fact or omitted to state a material
fact required to be stated therein or necessary in order to make the statements
therein, in light of the circumstances under which they were made, not
misleading. The financial statements of the Company included in the SEC
Documents have been prepared in accordance with U.S. generally accepted
accounting principles, consistently applied, during the periods involved (except
(i) as may be otherwise indicated in such financial statements or the notes
thereto or (ii) in the case of unaudited interim statements, to the extent they
may not include footnotes or may be condensed or summary statements) and fairly
present in all material respects the financial position of the Company as of the
dates thereof and the results of its operations and cash flows for the periods
then ended (subject, in the case of unaudited statements, to normal year-end
audit adjustments). Except as set forth in the financial statements included in
the SEC Documents, the Company has no liabilities, contingent or otherwise,
other than (A) liabilities incurred in the ordinary course of business
subsequent to December 31, 2000, (B) liabilities of the type not required under
generally accepted accounting principles to be reflected in such financial
statements or described in the notes thereto, or (C) other liabilities which
would not, individually or in the aggregate, have Material Adverse Effect.

         3.7 Absence of Certain Changes. Except as disclosed in the SEC
Documents, since December 31, 2000, there has been no material adverse change in
the assets, liabilities, business, properties, operations, financial condition
or results of operations of the Company and its subsidiaries, taken as a whole.

         3.8 Absence of Litigation.  Except as disclosed in the SEC Documents,
there is no action, suit, claim, proceeding, inquiry or investigation before or
by any court, public board, government

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agency, self-regulatory organization or body pending or, to the knowledge of the
Company, threatened against or affecting the Company or any of its officers or
directors acting as such that could, individually or in the aggregate, have a
Material Adverse Effect.

         3.9 Intellectual Property Rights. The Company owns or possesses the
licenses or rights to use all patents, patent applications, patent rights,
inventions, know-how, trade secrets, trademarks, trademark applications, service
marks, service names, trade names and copyrights necessary to enable it to
conduct its business as now operated (the "Intellectual Property"), except where
the failure to possess such licenses or rights to use would not have,
individually or in the aggregate, a Material Adverse Effect. There is no claim
or action or proceeding pending or, to the Company's knowledge, threatened that
challenges the right of the Company with respect to any Intellectual Property.

         3.10 Tax Status. The Company has made or filed all federal, state and
foreign income and all other tax returns, reports and declarations required by
any jurisdiction to which it is subject (unless and only to the extent that the
Company has set aside on its books provisions reasonably adequate for the
payment of all unpaid and unreported taxes) and has paid all taxes and other
governmental assessments and charges that are material in amount, shown or
determined to be due on such returns, reports and declarations, except those
being contested in good faith. To the knowledge of the Company, there are no
unpaid taxes in any material amount claimed to be due by the taxing authority of
any jurisdiction, and the officers of the Company know of no basis for any such
claim. The Company has not executed a waiver with respect to the statute of
limitations relating to the assessment or collection of any foreign, federal,
state or local tax.

         3.11 Environmental Laws. The Company (i) is in compliance with all
applicable foreign, federal, state and local laws and regulations relating to
the protection of human health and safety, the environment or hazardous or toxic
substances or wastes, pollutants or contaminants ("Environmental Laws"), (ii)
has received all permits, licenses or other approvals required of it under
applicable Environmental Laws to conduct its business as presently conducted and
(iii) is in compliance with all terms and conditions of any such permit, license
or approval, except where, in each of the three foregoing clauses, the failure
to so comply would not have, individually or in the aggregate, a Material
Adverse Effect.

         3.12 No Integrated Offering. Neither the Company, nor any of its
affiliates, nor any person acting on its or their behalf, has directly or
indirectly made any offers or sales of any security or solicited any offers to
buy any security under circumstances within the prior six months that would
require registration under the Securities Act of the issuance of the Securities
to the Investors.

         3.13 No Brokers. The Company has taken no action which would give rise
to any claim by any person for brokerage commissions, finder's fees or similar
payments relating to this Agreement or the transactions contemplated hereby,
except with respect to Robert Baird & Co. Incorporated whose commissions and
fees will be paid for by the Company.

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         3.14 Insurance. The Company is insured by insurers of recognized
financial responsibility against such losses and risks and in such amounts as
management of the Company believes to be prudent and customary in the businesses
in which the Company is engaged.

         3.15 Employment Matters. To the Company's knowledge, the Company is in
compliance with all federal, state, local and foreign laws and regulations
respecting employment and employment practices, terms and conditions of
employment and wages and hours except where failure to be in compliance would
not, individually or in the aggregate, have a Material Adverse Effect.

         3.16 Investment Company Status. The Company is not and upon
consummation of the sale of the Securities will not be an "investment company,"
a company controlled by an "investment company" or an "affiliated person" of, or
"promoter" or "principal underwriter" for, an "investment company" as such terms
are defined in the Investment Company Act of 1940, as amended.

                                   ARTICLE IV
                                    COVENANTS

         4.1 Best Efforts.  Each party will use its best efforts to satisfy in
a timely fashion each of the conditions to be satisfied by it under Articles VI
and VII of this Agreement.

         4.2 Form D; Blue Sky Laws. The Company will file a Notice of Sale of
Securities on Form D with respect to the Securities, if required under
Regulation D, and to provide a copy thereof to each Investor promptly after such
filing. The Company will take such action as it reasonably determines to be
necessary, if any, to qualify the Securities for sale to the Investors under
this Agreement under applicable securities (or "blue sky") laws of the states of
the United States (or to obtain an exemption from such qualification), and will
provide evidence of any such action so taken to the Investors on or prior to the
date of the Closing. The Company will file with the SEC a Current Report on Form
8-K disclosing this Agreement and the transactions contemplated hereby within 10
business days after the Closing Date.

         4.3 Reporting Status; Eligibility to Use Form S-3. The Company's Common
Stock is registered under Section 12 of the Exchange Act. Throughout the
Registration Period (as defined in the Registration Rights Agreement), the
Company will timely file all reports, schedules, forms, statements and other
documents required to be filed by it with the SEC under the reporting
requirements of the Exchange Act, and the Company will not terminate its status
as an issuer required to file reports under the Exchange Act even if the
Exchange Act or the rules and regulations thereunder would permit such
termination. The Company currently meets, and will use its reasonable best
efforts to continue to meet, the "registrant eligibility" requirements for a
secondary offering set forth in the general instructions to Form S-3 to enable
the registration of the Registrable Securities (as defined in the Registration
Rights Agreement).

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         4.4 Expenses.  The Company and each Investor is liable for, and will
pay, its own expenses incurred in connection with the negotiation, preparation,
execution and delivery of this Agreement and the other agreements to be executed
in connection herewith, including, without limitation, attorneys' and
consultants' fees and expenses.

         4.5 Financial Information. The financial statements of the Company will
be prepared in accordance with United States generally accepted accounting
principles, and will fairly present in all material respects the consolidated
financial position of the Company and results of its operations and cash flows
as of, and for the periods covered by, such financial statements (subject, in
the case of unaudited statements, to normal year-end audit adjustments).

         4.6 Listing. The Company will use its best efforts to obtain and, so
long as any Investor owns any of the Securities, maintain the listing and
trading of its Common Stock (including the Securities) on the NYSE and will
comply in all respects with the Company's reporting, filing and other
obligations under the bylaws or rules of the National Association of Securities
Dealers, Inc. and such exchanges, as applicable. Until an Investor transfers,
assigns or sells all of the Securities owned by it, the Company will promptly
provide to each Investor copies of any notices it receives regarding the
continued eligibility of the Securities for listing on the NYSE or other
principal exchange or quotation system on which the Securities are listed.

         4.7 Compliance with Law. As long as an Investor owns any of the
Securities, the Company will use its reasonable best efforts to conduct its
business in compliance with all applicable laws, rules and regulations of the
jurisdictions in which it is conducting business, including, without limitation,
all applicable local, state and federal environmental laws and regulations, the
failure to comply with which would have a Material Adverse Effect.

         4.8 No Integration. The Company will not make any offers or sales of
any security (other than the Securities) under circumstances that would cause
the offering of the Securities to be integrated with any other offering of
securities by the Company (i) for the purpose of any stockholder approval
provision applicable to the Company or its securities or (ii) for purposes of
any registration requirement under the Securities Act.

         4.9 Sales by Investors. Each Investor will sell any Securities sold by
it in compliance with applicable prospectus delivery requirements, if any, or
otherwise in compliance with the requirements for an exemption from registration
under the Securities Act and the rules and regulations promulgated thereunder.
No Investor will make any sale, transfer or other disposition of the Securities
in violation of federal or state securities laws.

                                    ARTICLE V
                 TRANSFER AGENT INSTRUCTIONS; REMOVAL OF LEGENDS

         5.1 Issuance of Certificates. The Company will instruct its transfer
agent to issue a certificate, registered in the name of each Investor or its
nominee, for the respective Securities. All

                                      -11-

<PAGE>   12

such certificates will bear the restrictive legend described in Section 2.7,
except as otherwise specified in this Article V. In addition, the Company will
issue irrevocable Transfer Agent Instructions to the transfer agent in the form
of Exhibit A hereto. The Company will not give to its transfer agent any
instruction with respect to the Securities other than as contemplated by Article
V and stop transfer instructions to give effect to Section 2.7 hereof (prior to
registration of the Securities under the Securities Act). Nothing in this
Section will affect in any way the Investors' obligations and agreements set
forth in Section 2.7 hereof to comply with all applicable prospectus delivery
requirements, if any, upon resale of the Securities.

         5.2 Unrestricted Securities. If, unless otherwise required by
applicable state securities laws, (a) the Securities represented by a
certificate have been sold under an effective registration statement filed under
the Securities Act, (b) a holder of Securities provides the Company with an
opinion of counsel, if requested by the Company, in form, substance and scope
customary for opinions of counsel in comparable transactions, which counsel and
opinion shall be reasonably satisfactory to the Company, to the effect that a
public sale or transfer of such Securities may be made without registration
under the Securities Act and such sale may occur without restriction on the
timing or manner of such sale or transfer or (c) the Securities represented by a
certificate can be sold without restriction as to the number of securities sold
under Rule 144(k), the Company will permit the transfer of the Securities, and
the transfer agent will issue one or more certificates, free from any
restrictive legend, in such name and in such denominations as specified by such
holder in accordance with the Transfer Agent Instructions. Notwithstanding
anything herein to the contrary, the Securities may be pledged as collateral in
connection with a bona fide margin account or other lending arrangement;
provided that such pledge will not alter the provisions of this Article V with
respect to the removal of restrictive legends.

         5.3 Enforcement of Provision. The Company acknowledges that a breach by
it of its obligations hereunder will cause irreparable harm to the Investor by
invalidating the intent and purpose of the transaction contemplated hereby.
Accordingly, the Company acknowledges that the remedy at law for a breach of its
obligations under this Article V will be inadequate and agrees, in the event of
a breach or threatened breach by the Company of the provisions of this Section,
that the Investor will be entitled, in addition to all other available remedies,
to an injunction restraining any breach and requiring immediate transfer,
without the necessity of showing economic loss and without any bond or other
security being required.

         5.4 Delivery of Proxy Statements. The Company agrees to furnish to each
Investor (as well as to any proxy consultant of an Investor identified in
writing to the Company by such Investor) copies of its definitive proxy
statements as filed with the SEC.

                                   ARTICLE VI
                 CONDITIONS TO THE COMPANY'S OBLIGATION TO SELL

         The obligation of the Company to issue and sell the Securities to each
Investor at the Closing is subject to the satisfaction by such Investor, on or
before the Closing Date, of each of the following

                                      -12-

<PAGE>   13

conditions. These conditions are for the Company's sole benefit and may be
waived by the Company at any time in its sole discretion:

         6.1 The Investor will have executed the Registration Rights Agreement
and will have delivered such Agreement to the Company.

         6.2 The Investor will have delivered the purchase price for the
Securities to the Company in accordance with this Agreement.

         6.3 The representations and warranties of the Investor must be true and
correct as of the Closing Date as though made at that time (except for
representations and warranties that speak as of a specific date, which
representations and warranties must be correct as of such date), and the
Investor will have performed and complied with the covenants and conditions
required by this Agreement to be performed or complied with by the Investor at
or prior to the Closing.

         6.4 No litigation, statute, rule, regulation, executive order, decree,
ruling or injunction will have been enacted, entered, promulgated or endorsed by
or in any court or governmental authority of competent jurisdiction or any
self-regulatory organization having authority over the matters contemplated
hereby which prohibits the consummation of any of the transactions contemplated
by this Agreement.

                                   ARTICLE VII
              CONDITIONS TO EACH INVESTOR'S OBLIGATION TO PURCHASE

         The obligation of each Investor hereunder to purchase the Securities
from the Company at the Closing is subject to the satisfaction, on or before the
Closing Date, of each of the following conditions. These conditions are for each
Investor's respective benefit and may be waived by such Investor at any time in
its sole discretion:

         7.1 The Company will have executed the Registration Rights Agreement
and will have delivered such Agreement to the Investor.

         7.2 The Company will have delivered to such Investor a duly executed
certificate, against payment therefor, representing the Securities as specified
in Section 1.1 hereof.

         7.3 The representations and warranties of the Company must be true and
correct in all material respects as of the Closing as though made at that time
(except for representations and warranties that speak as of a specific date,
which representations and warranties must be true and correct as of such date)
and the Company must have performed and complied with the covenants and
conditions required by this Agreement to be performed or complied with by the
Company at or prior to the Closing.

         7.4 No litigation, statute, rule, regulation, executive order, decree,
ruling or injunction will have been enacted, entered, promulgated or endorsed by
or in any court or governmental authority of competent jurisdiction or any
self-regulatory organization having authority over the

                                      -13-

<PAGE>   14

matters contemplated hereby which prohibits the consummation of any of the
transactions contemplated by this Agreement.

         7.5 Trading and listing of the Common Stock on the NYSE must not have
been suspended by the SEC or the NYSE.

         7.6 Such Investor will have received an opinion of the Company's
counsel, dated as of the Closing Date in form, scope and substance reasonably
satisfactory to the Investors and in substantially the form attached hereto as
Exhibit B.

         7.7 The irrevocable Transfer Agent Instructions, in substantially the
form attached hereto as Exhibit A will have been delivered to the Company's
transfer agent and acknowledged in writing by such transfer agent.

                                  ARTICLE VIII
                                   DEFINITIONS

         8.1 "423 Plan" means the Tower Automotive, Inc. Employee Stock Purchase
Plan.

         8.2 "Closing" means the closing of the purchase and sale of the
Securities under this Agreement.

         8.3 "Closing Date" has the meaning set forth in Section 1.3.

         8.4 "Common Stock" means the common stock, par value $0.01 per share,
of the Company.

         8.5 "Company" means Tower Automotive, Inc.

         8.6 "Edgewood Notes" means the 5.75% convertible Edgewood notes due
May 2003.

         8.7 "Exchange Act" means the Securities Exchange Act of 1934, as
amended.

         8.8 "Indemnified Liabilities" has the meaning set forth in Article
VIII.

         8.9 "Indemnitees" has the meaning set forth in Article VIII.

         8.10 "Intellectual Property" has the meaning set forth in Section 3.9.

         8.11 "Investors" means the investors whose names are set forth on the
signature pages of this Agreement, and their permitted transferees.

         8.12 "Knowledge" means the actual knowledge of the executive officers
of the Company, without independent investigation.

                                      -14-

<PAGE>   15

         8.13 "Material Adverse Effect" means (a) a material adverse effect on
the assets, liabilities, financial condition, prospects or results of operation
of the Company's business, taken as a whole or (b) any affect on the ability of
the Company to perform its obligations pursuant to the transactions contemplated
by this Agreement or under the agreements or instruments to be entered into or
filed in connection herewith.

         8.14 "NYSE" means the New York Stock Exchange.

         8.15 "Option Plans" means the 1994 Key Employee Stock Option Plan, the
Tower Automotive, Inc. Independent Director Stock Option Plan and the Tower
Automotive, Inc. Long- Term Incentive Plan.

         8.16 "Placement Agent" has the meaning set forth in Section 2.11.

         8.17 "Registration Rights Agreement" means the Registration Rights
Agreement, dated as of the Closing Date, by and among the parties to this
Agreement, in the form attached hereto as Exhibit C.

         8.18 "Regulation D" means Regulation D as promulgated by the SEC under
the Securities Act.

         8.19 "Rule 144" and "Rule 144(k)" mean Rule 144 and Rule 144(k),
respectively, promulgated under the Securities Act, or any successor rule.

         8.20 "SEC" means the United States Securities and Exchange Commission.

         8.21 "SEC Documents" has the meaning set forth in Section 3.6.

         8.22 "Securities" means the Common Stock sold pursuant to this
Agreement.

         8.23 "Securities Act" means the Securities Act of 1933, as amended,
and the rules and regulations thereunder.

         8.24 "Seven Year Notes" means the Company's 5% Convertible Subordinated
Notes due August 2004.

         8.25 "Transfer Agent Instructions" means the transfer agent
instructions as defined in Exhibit A.

         8.26 "Trust Preferred Securities"means the 6 3/4% Trust Convertible
Preferred Securities of Tower Automotive Capital Trust, a wholly owned statutory
business trust of the Company.

                                      -15-

<PAGE>   16

                                   ARTICLE IX
                          GOVERNING LAW; MISCELLANEOUS

         9.1 Governing Law; Jurisdiction. This Agreement will be governed by and
interpreted in accordance with the laws of the State of New York without regard
to the principles of conflict of laws. The parties hereto hereby submit to the
exclusive jurisdiction of the United States federal and state courts located in
the State of New York with respect to any dispute arising under this Agreement,
the agreements entered into in connection herewith or the transactions
contemplated hereby or thereby.

         9.2 Counterparts; Signatures by Facsimile. This Agreement may be
executed in two or more counterparts, all of which are considered one and the
same agreement and will become effective when counterparts have been signed by
each party and delivered to the other parties. This Agreement, once executed by
a party, may be delivered to the other parties hereto by facsimile transmission
of a copy of this Agreement bearing the signature of the party so delivering
this Agreement.

         9.3 Headings. The headings of this Agreement are for convenience of
reference only, are not part of this Agreement and do not affect its
interpretation.

         9.4 Severability. If any provision of this Agreement is invalid or
unenforceable under any applicable statute or rule of law, then such provision
will be deemed modified in order to conform with such statute or rule of law.
Any provision hereof that may prove invalid or unenforceable under any law will
not affect the validity or enforceability of any other provision hereof.

         9.5 Entire Agreement; Amendments. This Agreement and the Registration
Rights Agreement (including all schedules and exhibits thereto) constitute the
entire agreement among the parties hereto with respect to the subject matter
hereof and thereof. There are no restrictions, promises, representations,
warranties or undertakings, other than those set forth or referred to herein or
therein. This Agreement supersedes all prior agreements and understandings among
the parties hereto with respect to the subject matter hereof. No provision of
this Agreement may be waived or amended other than by an instrument in writing
signed by the party to be charged with enforcement.

         9.6 Notices. Any notices required or permitted to be given under the
terms of this Agreement must be sent by certified or registered mail (return
receipt requested) or delivered personally or by courier (including a recognized
overnight delivery service) or by facsimile and will be effective five days
after being placed in the mail, if mailed by regular U.S. mail, or upon receipt,
if delivered personally or by facsimile, in each case addressed to a party. Any
notice sent by courier (including a recognized overnight delivery service) will
be deemed received one business day after being sent. The addresses for such
communications are:

                                      -16-

<PAGE>   17

         If to the Company:         Tower Automotive, Inc.
                                    4508 IDS Center
                                    Minneapolis, MN 55402
                                    Attention: Assistant Secretary
                                    (612) 342-2310

                                    With a copy to:

                                    Kirkland & Ellis
                                    200 East Randolph Drive
                                    Chicago, IL 60601
                                    Attention: Dennis M. Myers, Esq.
                                    (312) 861-2000

If to an Investor: To the address set forth immediately below such Investor's
name on the signature pages hereto.

Each party will provide written notice to the other parties of any change in its
address.

         9.7 Successors and Assigns. This Agreement is binding upon and inures
to the benefit of the parties and their successors and permitted assigns. The
Company will not assign this Agreement or any rights or obligations hereunder
without the prior written consent of the Investors, and no Investor may assign
this Agreement or any rights or obligations hereunder without the prior written
consent of the Company. Notwithstanding the foregoing, an Investor may assign
all or part of its rights and obligations hereunder to any of its "affiliates,"
as that term is defined under the Securities Act, without the consent of the
Company so long as the affiliate is an accredited investor (within the meaning
of Regulation D under the Securities Act) and agrees in writing to be bound by
this Agreement. This provision does not limit the Investor's right to transfer
the Securities pursuant to the terms of this Agreement or to assign the
Investor's rights hereunder to any such affiliate transferee pursuant to the
terms of this Agreement. Notwithstanding any assignment as provided herein to an
affiliate of an Investor, each Investor shall thereafter remain fully
responsible and liable for performance of all of its obligations under this
Agreement. Notwithstanding the foregoing, any transferee who purchases the
Securities in a public sale shall not have any rights under this Agreement.

         9.8 Third Party Beneficiaries. This Agreement is intended for the
benefit of the parties hereto and their respective permitted successors and
assigns, and is not for the benefit of, nor may any provision hereof be enforced
by, any other person or entity; provided, however, that the provisions in
Section 2.11 relating to acknowledgments regarding the Placement Agent are
intended for the benefit of the Placement Agent.

         9.9 Survival. The representations and warranties of the Company and the
agreements and covenants set forth herein will survive for two (2) years
following the Closing hereunder. The Company makes no representations or
warranties in any oral or written information provided to Investors, other than
the representations and warranties included herein.

                                      -17-

<PAGE>   18

         9.10 Further Assurances. Each party will do and perform, or cause to be
done and performed, all such further acts and things, and will execute and
deliver all other agreements, certificates, instruments and documents, as
another party may reasonably request in order to carry out the intent and
accomplish the purposes of this Agreement and the consummation of the
transactions contemplated hereby.

         9.11     No Strict Construction.  The language used in this Agreement
is deemed to be the language chosen by the parties to express their mutual
intent, and no rules of strict construction will be applied against any party.

         9.12 Equitable Relief. The Company recognizes that, if it fails to
perform or discharge any of its obligations under this Agreement, any remedy at
law may prove to be inadequate relief to the Investors. The Company therefore
agrees that the Investors are entitled to temporary and permanent injunctive
relief in any such case without the necessity of proving actual damages.

         9.13 Limitation on Liability. The Company understands and agrees that
each of Heartland Group, Inc. and Putnam Investment Management, LLC is entering
into this Agreement and the Registration Rights Agreement solely for the benefit
of the Heartland Value Fund series, and Putnam Variable Trust -- Putnam VT Small
Cap Value Fund and Putnam Investment Funds -- Putnam Small Cap Value Fund (the
"Putnam Funds"), respectively, and that any claims that the Company may have
against Heartland Group, Inc. or Putnam Investment Management, LLC (including
claims against accounts it advises or its affiliates) under this Agreement or
the Registration Rights Agreement or otherwise in connection with the
transactions contemplated hereby or thereby shall only be made against the
assets of the Heartland Value Fund or the Putnam Funds, as applicable.

         9.14 Public Statements. The Company shall not issue any public
statement or press release, or otherwise disclose in any manner the identity of
Wellington Management Company, LLP or its client accounts, or Putnam Investment
Management, LLC or the Putnam Funds or that Wellington Management Company, LLP
on behalf of certain client accounts, or Putnam Investment Management, LLC on
behalf of the Putnam Funds have purchased any Securities without the prior
written consent of Wellington Management Company, LLP or Putnam Investment
Management, LLC, as applicable; provided, however, that the Company may disclose
such information in any registration statement filed with the SEC pursuant to
the Registration Rights Agreement or as required by applicable law or the rules
and regulations of the NYSE.

                                    * * * * *

                                      -18-

<PAGE>   19

IN WITNESS WHEREOF, the undersigned Investors and the Company have caused this
Agreement to be duly executed as of the date first above written.

                                      COMPANY:

                                      TOWER AUTOMOTIVE, INC.

                                      By: /s/ DANIEL H. WEBBER
                                          ------------------------------------

                                      Name: Daniel H. Webber
                                          ------------------------------------

                                      Title: V.P.
                                             ---------------------------------

                                      WIRE TRANSFER INSTRUCTIONS:

                                      Bank Name: Bank One Michigan

                                      ABA Number: 0720-00326

                                      Account Number: 361263674

                                      Reference: Tower Automotive

<PAGE>   20

                            OMNIBUS SIGNATURE PAGE TO
                             TOWER AUTOMOTIVE, INC.
                          SECURITIES PURCHASE AGREEMENT

The undersigned hereby executes and delivers the Securities Purchase Agreement
to which this Signature Page is attached, which, together with all counterparts
of the Agreement and Signature Pages of the other Investors and the Company to
said Agreement, shall constitute one and the same document in accordance with
the terms of the Agreement.

                             Sign Name:  /s/ JULIE A. JENKINS
                                        --------------------------------------

                             Print Name: Julie A. Jenkins
                                        --------------------------------------
                                        For accounts detailed on Schedule A
                             Address:   c/o Wellington Management
                                        --------------------------------------
                                        Company, LLP as Investment Advisor or
                                        --------------------------------------
                                        Investment Sub-Advisor
                                        --------------------------------------
                                        75 State Street
                                        --------------------------------------
                                        Boston, MA  02109
                                        --------------------------------------

                             Telephone: 617-951-5000
                                        --------------------------------------
                             Facsimile: 617-790-7760
                                        --------------------------------------

                             Number of Shares:  2,454,545
                                              -------------------

                             Name in which Shares Are to Be Held (please print):

                             Please see attached Schedule A
                             ---------------------------------------------

                             Aggregate Purchase Price:  $26,999,995.00
                                                       ------------------------

                             Social Security or Tax ID Number: See attached
                                                               Schedule A
                                                               ----------------

<PAGE>   21
                                   SCHEDULE A

<Table>
<Caption>

ACCOUNT NAME                                  # OF SHARES     NET AMOUNT          NOMINEE NAME                   TAX ID
<S>                                         <C>           <C>                   <C>                            <C>
Hartford Capital Appreciation Fund              2,429,045   $26,719,495.00        Luxurylines & Co               ###-##-####
The Hartford U.S. Capital Appreciation Fund        20,500   $   225,500.00        Royal Trust Corp of Canada         n/a
WTC-CIF Specialty Growth Equity Portfolio           5,000   $    55,000.00        Finwell & Co.                  041-37-104
                                                2,454,545   $26,999,995.00
                                              ===========   ==============
</Table>
<PAGE>   22
                           OMNIBUS SIGNATURE PAGE TO
                             TOWER AUTOMOTIVE, INC.
                         SECURITIES PURCHASE AGREEMENT

The undersigned hereby executes and delivers the Securities Purchase Agreement
to which this Signature Page is attached, which, together with all counterparts
of the Agreement and Signature Pages of the other Investors and the Company to
said Agreement, shall constitute one and the same document in accordance with
the terms of the Agreement.

                             LUTHER KING CAPITAL MANAGEMENT

                             Sign Name: /s/ Steven R. Purvis
                                        ------------------------------
                             Print Name: Steven Purvis, Vice President

                             Address:  Luther King Capital Management
                                       301 Commerce Street
                                       Suite 1600
                                       Forth Worth, Texas  76102

                             Telephone:  (817) 877-3061
                             Facsimile:   (817) 332-5634

                             Number of Shares: 75,000
                             Aggregate Purchase Price: $825,000
                             Name in which Shares Are to Be Held:
                             Firstar Bank N.A. fbo LKCM Small Cap Equity Fund

                             Social Security or Tax ID Number: ###-##-####

                             Number of Shares: 15,000
                             Aggregate Purchase Price $165,000
                             Name in which Shares Are to Be Held:
                             U.S. Bank N.A., as Custodian of the Combined Master
                             Retirement Trust -- Luther King Capital Management

                             Social Security or Tax ID Number: 752832229

<PAGE>   23
                           OMNIBUS SIGNATURE PAGE TO
                             TOWER AUTOMOTIVE, INC.
                         SECURITIES PURCHASE AGREEMENT

The undersigned hereby executes and delivers the Securities Purchase Agreement
to which this Signature Page is attached, which, together with all counterparts
of the Agreement and Signature Pages of the other Investors and the Company to
said Agreement, shall constitute one and the same document in accordance with
the terms of the Agreement.

                             BROADVIEW ADVISORS, LLC

                             Sign Name: /s/ Richard Lane
                                        ------------------------------
                             Print Name: Richard Lane, President

                             Address:  Broadview Advisors, LLC
                                       Suite 2500
                                       100 East Wisconsin Avenue
                                       Milwaukee, Wisconsin 53202

                             Telephone:  (414) 270-2250
                             Facsimile:  (414) 270-2242

                             Number of Shares: 46,400
                             Aggregate Purchase Price: $510,400
                             Name in which Shares Are to Be Held:
                             Firstar Bank N.A., Custodian for FMI Focus Fund

                             Social Security or Tax ID Number: 39-1861095
<PAGE>   24
                           OMNIBUS SIGNATURE PAGE TO
                             TOWER AUTOMOTIVE, INC.
                         SECURITIES PURCHASE AGREEMENT

The undersigned hereby executes and delivers the Securities Purchase Agreement
to which this Signature Page is attached, which, together with all counterparts
of the Agreement and Signature Pages of the other Investors and the Company to
said Agreement, shall constitute one and the same document in accordance with
the terms of the Agreement.

                PUTNAM VARIABLE TRUST - PUTNAM VT SMALL CAP VALUE FUND
                PUTNAM INVESTMENT FUNDS - PUTNAM SMALL CAP VALUE FUND

                By Putnam Investment Management, LLC

                By: /s/ Karen R. Kay
                   ------------------------------------
                Name:  Karen R. Kay
                Title: Senior Vice President

                A copy of the Agreement and Declaration of Trust of each Putnam
                fund or series investment company (each, a "Fund") that is a
                Massachusetts business trust is on file with the Secretary of
                State of The Commonwealth of Massachusetts and notice is hereby
                given that this Agreement is executed on behalf of the Trustees
                of the relevant Fund as Trustees and not individually and that
                the obligations of this Agreement are not binding upon any of
                the Trustees, officers or shareholders of the Fund individually
                but are binding only upon the assets and property of such Fund.
<PAGE>   25

        Address:

        Putnam Investment Management, LLC.
        Equity Trading
        One Post Office Square
        7th Floor
        Mail Stop A7
        Boston, MA 02109
        Attention: Julie Lee
        Telephone: 617-760-1685
        Facsimile: 617-760-8250

        Number of Shares

        Putnam Variable Trust - Putnam VT Small Cap Value Fund:
        One certificate for 70,800 shares to be held in the name of Muico & Co.

        Putnam Investment Funds - Putnam Small Cap Value Fund:
        One certificate for 229,200 shares to be held in the name of Muico & Co.

        Aggregate Purchase Price:

        One wire of $3,300,000

        Tax ID Number:

        Putnam Variable Trust - Putnam VT Small Cap Value Fund: 04-6888382
        Putnam Investment Funds - Putnam Small Cap Value Fund: 04-3453122
<PAGE>   26

                           OMNIBUS SIGNATURE PAGE TO
                             TOWER AUTOMOTIVE, INC.
                         SECURITIES PURCHASE AGREEMENT

The undersigned hereby executes and delivers the Securities Purchase Agreement
to which this Signature Page is attached, which, together with all counterparts
of the Agreement and Signature Pages of the other Investors and the Company to
said Agreement, shall constitute one and the same document in accordance with
the terms of the Agreement.

                           DEEPHAVEN PRIVATE PLACEMENT TRADING
                           LTD.

                           Sign Name:  /s/ Bruce Lieberman
                                       ------------------------------------

                           Print Name: Bruce Lieberman, Director of Private
                                       Placement Trading

                           Address:    Deephaven Private Placement Trading Ltd.
                                       130 Cheshire Lane
                                       Minnetonka, Minnesota 53305

                           Telephone:  (952) 249-5543
                                       (952) 249-5320

                           Number of Shares: 245,455
                           Aggregate Purchase Price: $2,700,005

                           Name in which Shares Are to Be Held:

                           Deephaven Private Placement Trading Ltd.

                           Social Security or Tax ID Number: N/A
<PAGE>   27

                           OMNIBUS SIGNATURE PAGE TO
                             TOWER AUTOMOTIVE, INC.
                         SECURITIES PURCHASE AGREEMENT

The undersigned hereby executes and delivers the Securities Purchase Agreement
to which this Signature Page is attached, which, together with all counterparts
of the Agreement and Signature Pages of the other Investors and the Company to
said Agreement, shall constitute one and the same document in accordance with
the terms of the Agreement.

                                        HEARTLAND GROUP, INC. FBO HEARTLAND
                                        VALUE FUND

                                        Sign Name:  /s/ Paul Beste
                                                    --------------------------
                                        Print Name: Paul Beste, Vice President

                                        Address:    Heartland Group, Inc.
                                                    789 N. Water Street
                                                    Milwaukee, WI 53202

                                        Telephone:  (414) 347-7777
                                        Facsimile:  (414) 347-0364

                                        Number of Shares: 500,000
                                        Aggregate Purchase Price: $5,500,000
                                        Name in which Shares Are to Be Held:
                                        Firstar Bank N.A., Custodian for
                                           Heartland Value Fund

                                        Social Security or Tax ID Number: N/A
<PAGE>   28

                                    Exhibit A

                           Transfer Agent Instructions

<PAGE>   29

                                    Exhibit B

                              Form of Legal Opinion

<PAGE>   30

                                    Exhibit C

                          Registration Rights Agreement<PAGE>   1
                                                                    EXHIBIT 4.3

                          REGISTRATION RIGHTS AGREEMENT

         This REGISTRATION RIGHTS AGREEMENT, dated as of August 29, 2001 (this
"Agreement"), is made by and among Tower Automotive, Inc., a Delaware
corporation, with headquarters located at 4508 IDS Center, Minneapolis, MN 55402
(the "Company"), and the investors named on the signature pages hereto (each of
whom is hereinafter referred to as an "Initial Investor" and all of whom
collectively are hereinafter referred to as the "Initial Investors").

                                    RECITALS:

         A. In connection with the Securities Purchase Agreement dated August
29, 2001 by and among the Initial Investors and the Company (the "Purchase
Agreement"), the Company has agreed, upon the terms and subject to the
conditions of the Purchase Agreement, to issue and sell to the Initial Investors
3,636,400 shares of the Company's Common Stock, par value $.01 per share (the
"Common Shares" or the "Securities").

         B. In order to induce the Initial Investors to execute and deliver the
Purchase Agreement, the Company has agreed to provide certain registration
rights under the Securities Act and applicable state securities laws with
respect to the Common Shares.

         In consideration of the premises and the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Company and the Initial Investors hereby
agree as follows:

                                    ARTICLE I
                                   DEFINITIONS

         Capitalized terms used and not otherwise defined herein have the
respective meanings given them in the Purchase Agreement. In addition, as used
in this Agreement, the following terms have the following meanings:

         1.1 "Investors" means the Initial Investors and any of their
transferees or assignees who receive or acquire Registrable Securities and who
are entitled to the benefit of this Agreement as provided in Article IX hereof,
provided that neither such person nor any affiliate of such person, except in
the case of Heartland Group, Inc., Deephaven Private Placement Ltd. and Putnam
Investment Management, LLC, is registered as a broker or dealer under Section
15(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
or a member of the National Association of Securities Dealers, Inc. (the
"NASD").

         1.2 The terms "register," "registered," and "registration" refer to a
registration effected by preparing and filing a Registration Statement or
statements in compliance with the Securities Act and pursuant to Rule 415
promulgated thereunder and the declaration or ordering of effectiveness of such
Registration Statement by the SEC.

<PAGE>   2

         1.3 "Registrable Securities" means the Securities sold pursuant to the
Purchase Agreement and any shares of capital stock issued or issuable from time
to time (with any adjustments) in exchange for or otherwise with respect to the
Securities; provided that Securities will cease to be Registrable Securities at
such time as they have been sold under a Registration Statement or pursuant to
Rule 144 under the Securities Act of 1933, as amended (the "Securities Act").

         1.4 "Registration Period" means the period between the date of this
Agreement and the earliest of (i) the second anniversary of the date of this
Agreement, (ii) the date on which all of the Registrable Securities have been
sold by the Investors under the Registration Statement or pursuant to Rule 144
or (iii) the date on which all the Registrable Securities may be immediately
sold by the Investors without registration and without restriction as to the
number of Registrable Securities to be sold, pursuant to Rule 144 or otherwise.

         1.5 "Registration Statement" means a Registration Statement of the
Company filed under the Securities Act.

         1.6 "Rule 415" means Rule 415 under the Securities Act, or any
successor rule providing for offering securities on a continuous basis, and
applicable rules and regulations thereunder.

                                   ARTICLE II
                                  REGISTRATION

         2.1 Mandatory Registration. The Company will use its reasonable best
efforts to file with the SEC within 30 days after the Closing Date of the
purchase of the Common Shares under the Purchase Agreement a Registration
Statement on Form S-3 registering only the Registrable Securities for resale in
accordance with the intended methods of resale or distribution described by the
Investors. If Form S-3 is not available at that time, then the Company will use
its reasonable best efforts to file a Registration Statement on such form as is
then available to effect a registration of the Registrable Securities within
such 30-day period.

         2.2 Effectiveness of the Registration Statement. The Company will use
its reasonable best efforts to cause the Registration Statement contemplated by
the previous Section to be declared effective by the SEC as soon as practicable
after filing, and in any event no later than the 90th day after the Closing Date
(the "Required Effective Date"). However, so long as the Company filed the
Registration Statement within 30 days after the Closing Date, if the
Registration Statement receives any SEC review, then the Required Effective Date
will be the 120th day after the Closing Date. The Company's best efforts will
include, but are not be limited to, promptly responding to all comments received
from the staff of the SEC. If the Company receives notification from the SEC
that the Registration Statement will receive no action or review from the SEC,
then the Company will request that the Registration Statement become effective
within five business days after such SEC notification.

                                       -2-

<PAGE>   3

         2.3 Payments by the Company. If (i) at any time after effectiveness of
the Registration Statement, sales cannot be made thereunder during the
Registration Period for any reason, other than by reason of the operation of
Section 3.6, for a period of more than 10 consecutive business days, or 30
business days in the aggregate, during any 12-month period or (ii) the Common
Stock is not listed or included for quotation on the NYSE for more than an
aggregate of 10 business days in any 12-month period, then the Company will
thereafter make a payment (by wire transfer or check) to each Investor as
partial compensation for such delay. The amount of the payment made to each
Investor will be equal to 1% of the purchase price paid for the Common Shares
purchased by the Investor and not previously sold by the Investor for each 30
business days that sales cannot be made under the effective Registration
Statement or the Common Stock is not listed or included for quotation on the
NYSE (but in no event to exceed 8% in the aggregate) beyond the allowed period.
The number of shares not previously sold as specified in the previous sentence
shall be determined as of the end of the respective 30 day period. These
payments will be prorated on a daily basis during the 30 business day period and
will be paid to each Investor in check within five business days following the
end of each month as to which payment is due hereunder, assuming that the
respective Investor delivered to the Company at least 2 business days prior
thereto information with respect to the number of Common Shares not previously
sold by such Investor (together with reasonable supporting documentation). The
Investors may make a claim for additional damages as a remedy for the Company's
failure to comply with the timelines set forth in this section. Notwithstanding
the foregoing, in the event the Company's failure to comply with the timelines
set forth in this section is unintentional, the damages described above shall be
the Investors' sole and exclusive remedy for such failure.

         2.4 Effect of Late Registration. If the Registration Statement has not
been declared effective by the Required Effective Date, then the Company will
make a payment (by wire transfer or check) to each Investor as partial
compensation for such delay (the "Late Registration Payments"). The Late
Registration Payments will be equal to 1% of the purchase price paid for the
Common Shares purchased by such Investor and not previously sold by such
Investor for each 30 business days after the Required Effective Date (but in no
event to exceed 8% in the aggregate). The Late Registration Payments will be
prorated on a daily basis during the 30 business day period and will be paid to
the Initial Investors in check within five business days after the earlier of
(i) the end of the 30 business days following the Required Effective Date or
(ii) the effective date of the Registration Statement. The Investors may make a
claim for additional damages as a remedy for the Company's failure to comply
with the timelines set forth in this section. Notwithstanding the foregoing, in
the event the Company's failure to comply with the timelines set forth in this
section is unintentional, the damages described above shall be the Investors'
sole and exclusive remedy for such failure (it being understood that a failure
to comply with the timelines set forth in this section as a result of comments
raised by the SEC in its review of the Registration Statement shall be deemed
unintentional).

         2.5 Piggyback Registrations.

             (a) If, at any time prior to the expiration of the Registration
Period, a Registration Statement is not effective with respect to all of the
Registrable Securities and the Company decides to register any of its securities
for its own account or for the account of others, then the Company

                                       -3-

<PAGE>   4

will promptly give the Investors written notice thereof and will use its best
efforts to include in such registration all or any part of the Registrable
Securities requested by such Investors to be included therein (excluding any
Registrable Securities previously included in a Registration Statement). This
requirement does not apply to Company registrations on Form S-4 or S-8 or their
equivalents (relating to equity securities to be issued in connection with an
acquisition of any entity or business or equity securities issuable in
connection with stock option or other employee benefit plans) or to registration
statements that would otherwise not permit the registration of resales of
previously issued securities. Each Investor must give its request for
registration under this paragraph to the Company in writing within 15 days after
receipt from the Company of notice of such pending registration. If the
registration for which the Company gives notice is a public offering involving
an underwriting, the Company will so advise the Investors as part of the
above-described written notice. In that event, if the managing underwriter(s) of
the public offering impose a limitation on the number of shares of Common Stock
that may be included in the Registration Statement because, in such
underwriter(s)' judgment, such limitation would be necessary to effect an
orderly public distribution, then the Company shall include in such registration
(i) first, the securities the Company proposes to sell, (ii) second, the
securities desired to be sold pursuant to such Registration Statement by the
stockholder or stockholders which are requiring the Company pursuant to a
contractual registration right to file such Registration Statement and (iii)
third, the Registrable Securities requested by the Investors to be included in
such offering, pro rata among the holders of such Registrable Securities on the
basis of the number of shares requested to be included by each such holder.

         (b) No right to registration of Registrable Securities under this
Section 2.5 limits in any way the registration required under Section 2.1 above.
The obligations of the Company under this Section 2.5 expire upon the earliest
of (i) the effectiveness of the Registration Statement filed pursuant to Section
2.1 above with respect to the Registrable Securities or the respective portion
thereof, (ii) after the Company has afforded the opportunity for the Investors
to exercise registration rights under this Section 2.5 for two registrations
(provided, however, that any Investor that has had any Registrable Securities
excluded from any Registration Statement in accordance with this Section 2.5 may
include in any additional Registration Statement filed by the Company the
Registrable Securities so excluded), or (iii) expiration of the Registration
Period.

         2.6 Eligibility to use Form S-3. The Company represents and warrants
that, as of the date of this Agreement, it meets the requirements for the use of
Form S-3 for registration of the resale by the Investors of the Registrable
Securities, and it will use its reasonable best efforts to continue to meet such
requirements during the Registration Period.

                                   ARTICLE III
                      ADDITIONAL OBLIGATIONS OF THE COMPANY

         3.1 Continued Effectiveness of Registration Statement. Subject to the
limitations set forth in Section 3.6, the Company will use its best efforts to
keep the Registration Statement covering the Registrable Securities effective
under Rule 415 at all times during the Registration Period. In the event that
the number of shares available under a Registration Statement filed

                                       -4-

<PAGE>   5

pursuant to this Agreement is insufficient to cover all of the Registrable
Securities issued, the Company will (if permitted) amend the Registration
Statement or file a new Registration Statement (on the short form available
therefor, if applicable), or both, so as to cover all of the Registrable
Securities. The Company will file such amendment or new Registration Statement
as soon as practicable, but in no event later than 30 business days after the
necessity therefor arises. The Company will use its best efforts to cause such
amendment or new Registration Statement to become effective as soon as is
practicable after the filing thereof.

         3.2 Accuracy of Registration Statement. Assuming the accuracy of
information furnished by or on behalf of the Investors, any Registration
Statement (including any amendments or supplements thereto and prospectuses
contained therein) filed by the Company covering Registrable Securities will not
contain any untrue statement of a material fact or omit to state a material fact
required to be stated therein, or necessary to make the statements therein, in
light of the circumstances in which they were made, not misleading. The Company
will promptly prepare and file with the SEC such amendments (including
post-effective amendments) and supplements to the Registration Statement and the
prospectus used in connection with the Registration Statement as may be
necessary to permit sales pursuant to the Registration Statement at all times
during the Registration Period (but subject to Section 3.6), and, during such
period, will comply with the provisions of the Securities Act with respect to
the disposition of all Registrable Securities of the Company covered by the
Registration Statement until the termination of the Registration Period, or if
earlier, until such time as all of such Registrable Securities have been
disposed of in accordance with the intended methods of disposition by the seller
or sellers thereof as set forth in the Registration Statement.

         3.3 Furnishing Documentation. The Company will furnish to each Investor
whose Registrable Securities are included in a Registration Statement, and legal
counsel, if any, representing Investors holding at least a majority of the
Registrable Securities, (a) promptly after each document is filed with the SEC,
one copy of any Registration Statement filed pursuant to this Agreement and any
amendments thereto, each preliminary prospectus (if any) and final prospectus
and each amendment or supplement thereto; and (b) a number of copies of a
prospectus, including a preliminary prospectus (if any), and all amendments and
supplements thereto, and such other documents as the Investor may reasonably
request in order to facilitate the disposition of the Registrable Securities
owned by the Investor. The Company will notify by facsimile each Investor whose
Registrable Securities are included in any Registration Statement of the filing
and the effectiveness of the Registration Statement and any post-effective
amendment on the date of filing of the Registration Statement, effectiveness of
the Registration Statement or any post-effective amendment, as applicable. Any
such notice to Putnam Investment Management, LLC (together with its assignees,
"Putnam Management"), Putnam Variable Trust - Putnam VT Small Cap Value Fund
(together with its assignees, the "Variable Trust Fund"), Putnam Investment
Funds - Putnam Small Cap Value Fund (together with its assignees, the
"Investment Fund" and, together with Putnam Management and the Variable Trust
Fund, the "Putnam Investing Entities") shall be delivered to the addresses set
forth on Exhibit A hereto on the date of filing, the date of effectiveness or
the date of any post-effective amendment, as applicable.

                                       -5-

<PAGE>   6

         3.4 Additional Obligations. The Company will use its reasonable best
efforts to (a) register and qualify the Registrable Securities covered by a
Registration Statement under such other securities or blue sky laws of such
jurisdictions as each Investor who holds (or has the right to hold) Registrable
Securities being offered reasonably requests, (b) prepare and file in those
jurisdictions any amendments (including post-effective amendments) and
supplements to such registrations and qualifications as may be necessary to
maintain their effectiveness during the Registration Period, (c) take any other
actions necessary to maintain such registrations and qualifications in effect at
all times during the Registration Period, and (d) take any other actions
reasonably necessary or advisable to qualify the Registrable Securities for sale
in such jurisdictions. Notwithstanding the foregoing, the Company is not
required, in connection with such obligations, to (i) qualify to do business in
any jurisdiction where it would not otherwise be required to qualify but for
this Section 3.4, (ii) subject itself to general taxation in any such
jurisdiction, (iii) file a general consent to service of process in any such
jurisdiction, (iv) provide any undertakings that cause material expense or
burden to the Company, or (v) make any change in its charter or bylaws, which in
each case the Company determines to be contrary to the best interests of the
Company and its stockholders.

         3.5 Underwritten Offerings. The Investors may offer and sell the
Registrable Securities pursuant to a Registration Statement filed in accordance
with Section 2.1 in an underwritten offering in accordance with this Section
3.5. If the Investors who hold a majority in interest of the Registrable
Securities being offered in an offering pursuant to a Registration Statement or
any amendment or supplement thereto under this Agreement select underwriters
reasonably acceptable to the Company for such offering, the Company will enter
into and perform its obligations under an underwriting agreement in usual and
customary form including, without limitation, customary indemnification and
contribution obligations, with the managing underwriter of such offering and
will take all other actions that such Investors reasonably request, including
without limitation using its best efforts to cause members of the management of
the Company to participate on a reasonable basis in customary "road show"
activities to the extent required by the underwriters with a view to maximizing
the price of the Registrable Securities being offered. In the event that any
Investors elect not to participate in such underwritten offering, the
Registration Statement covering all of the Registrable Securities shall contain
appropriate other plans of distribution reasonably satisfactory to the Investors
electing not to participate in such underwritten offering (including, without
limitation, the ability of nonparticipating Investors to sell from time to time
and at any time during the effectiveness of such Registration Statement). In the
event the Investors elect to offer and sell the Registrable Securities pursuant
to a Registration Statement filed in accordance with Section 2.1 in an
underwritten offering, the provisions of Sections 2.3 and 2.4 shall be
inapplicable to such Registration Statement.

         3.6 Suspension of Resale Rights.

             (a) The Company will notify (by telephone and also by facsimile)
each Investor who holds Registrable Securities being sold pursuant to a
Registration Statement of the happening of any event of which the Company has
knowledge as a result of which the prospectus included in the Registration
Statement as then in effect includes an untrue statement of a material fact or
omits

                                       -6-

<PAGE>   7

to state a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made,
not misleading. The Company will make such notification on the same date as the
Company becomes aware of the event (but in no event will the Company disclose to
any Investor any of the facts or circumstances regarding the event), will
promptly prepare a supplement or amendment to the Registration Statement to
correct such untrue statement or omission, and will deliver a number of copies
of such supplement or amendment to each Investor as such Investor may reasonably
request. Any such notice to a Putnam Investing Entity shall be delivered to the
addresses set forth on Exhibit A hereto.

             (b) Notwithstanding the obligations under Section 3.6(a), if in the
good faith judgment of the Company, following consultation with legal counsel,
it would be detrimental to the Company and its stockholders for resales of
Registrable Securities to be made pursuant to the Registration Statement due to
(i) the existence of a material development or potential material development
involving the Company which the Company would be obligated to disclose in the
Registration Statement, which disclosure would be premature or otherwise
inadvisable at such time or would have a Material Adverse Effect upon the
Company and its stockholders, or (ii) in the good faith judgment of the Company,
it would adversely affect or require premature disclosure of the filing of a
Company-initiated registration of any class of its equity securities, the
Company will have the right to suspend the use of the Registration Statement for
a period of not more than fifteen days, provided, however, that the Company may
so defer or suspend the use of the Registration Statement no more than 60 days
in a calendar year, and provided, further, that, after deferring or suspending
the use of the Registration Statement, the Company may not again defer or
suspend the use of the Registration Statement until a period of thirty days has
elapsed after resumption of the use of the Registration Statement.

             (c) Subject to the Company's rights under this Section 3, the
Company will use its best efforts to prevent the issuance of any stop order or
other suspension of effectiveness of a Registration Statement and, if such an
order is issued, will use its best efforts to obtain the withdrawal of such
order at the earliest possible time (including in each case by amending or
supplementing such Registration Statement) and the Company will notify each
Investor that holds Registrable Securities being sold (or, in the event of an
underwritten offering, the managing underwriters) of the issuance of such order
on the date thereof and the resolution thereof (and if such Registration
Statement is supplemented or amended, deliver such number of copies of such
supplement or amendment to each Investor as such Investor may reasonably
request). Any such notice to a Putnam Investing Entity shall be delivered to the
addresses set forth on Exhibit A hereto.

             (d) Notwithstanding anything to the contrary contained herein or in
the Purchase Agreement, if the use of the Registration Statement is suspended by
the Company, the Company will give notice of the suspension to all Investors
whose securities are covered by the Registration Statement on the date of such
suspension, and will notify each such Investor on the date that the use of the
Registration Statement may be resumed. Any such notice to a Putnam Investing
Entity shall be delivered to the addresses set forth on Exhibit A hereto.

                                       -7-

<PAGE>   8

         3.7 Review by the Investors. The Company will permit a single firm of
legal counsel, designated by the Investors who hold a majority in interest of
the Registrable Securities being sold pursuant to a Registration Statement, to
review the Registration Statement and all amendments and supplements thereto (as
well as all requests for acceleration or effectiveness thereof) a reasonable
period of time prior to their filing with the SEC, and will not file any
document in a form to which such counsel reasonably objects, unless otherwise
required by law in the opinion of the Company's counsel; provided that the time
periods set forth in Section 2.2 shall be tolled to the extent that such legal
counsel does not deliver its final comments relating to such Registration
Statement to the Company within 3 business days after receipt of such
Registration Statement. The sections of any such Registration Statement
including information with respect to the Investors, the Investors' beneficial
ownership of securities of the Company or the Investors' intended method of
disposition of Registrable Securities must conform to the information provided
to the Company by each of the Investors.

         3.8 Comfort Letter; Legal Opinion. At the request of the Investors who
hold a majority in interest of the Registrable Securities being sold pursuant to
a Registration Statement, and on the date that Registrable Securities are
delivered to an underwriter for sale in connection with the Registration
Statement, the Company will furnish to the Investors and the underwriters (i) a
letter, dated such date, from the Company's independent certified public
accountants, in form and substance as is customarily given by independent
certified public accountants to underwriters in an underwritten public offering,
addressed to the underwriters; and (ii) an opinion, dated such date, from
counsel representing the Company for purposes of the Registration Statement, in
form and substance as is customarily given in an underwritten public offering,
in each case addressed to the underwriters and such Investors.

         3.9 Due Diligence; Confidentiality.

             (a) The Company will make available upon reasonable advance notice
during normal business hours for inspection by any Investor who holds at least
20% of the Common Shares initially purchased by that Investor and whose
Registrable Securities are being sold pursuant to a Registration Statement, any
underwriter participating in any disposition pursuant to the Registration
Statement, and any attorney, accountant or other agent retained by any such
Investor or underwriter (collectively, the "Inspectors"), all pertinent
financial and other records, pertinent corporate documents and properties of the
Company (collectively, the "Records"), as reasonably necessary to enable each
Inspector to exercise its due diligence responsibility in connection with or
related to the contemplated offering. The Company will cause its officers,
directors and employees to supply all information that any Inspector may
reasonably request for purposes of performing such due diligence.

             (b) Each Inspector will hold in confidence, use only in connection
with the contemplated offering, and will not make any disclosure (except to an
Investor) of, all Records and other information that the Company determines in
good faith to be confidential, and of which determination the Inspectors are so
notified, unless (i) the disclosure of such Records is necessary to avoid or
correct a misstatement or omission in any Registration Statement, (ii) the
release of such

                                       -8-

<PAGE>   9

Records is ordered pursuant to a subpoena or other order from a court or
government body of competent jurisdiction, (iii) the information in such Records
has been made generally available to the public other than by disclosure in
violation of this or any other agreement (to the knowledge of the relevant
Inspector), (iv) the Records or other information was developed independently by
an Inspector without breach of this Agreement, (v) the information was known to
the Inspector before receipt of such information from the Company, or (vi) the
information was disclosed to the Inspector by a third party not under an
obligation of confidentiality. The Company is not required to disclose any
confidential information in the Records to any Inspector unless and until such
Inspector has entered into a confidentiality agreement (in form and substance
satisfactory to the Company) with the Company with respect thereto,
substantially in the form of this Section 3.9. Each Investor will, upon learning
that disclosure of Records containing confidential information is sought in or
by a court or governmental body of competent jurisdiction or through other
means, give prompt notice to the Company and allow the Company, at the Company's
expense, to undertake appropriate action to prevent disclosure of, or to obtain
a protective order for, the Records deemed confidential. Nothing herein will be
deemed to limit the Investor's ability to sell Registrable Securities in a
manner that is otherwise consistent with applicable laws and regulations.

             (c) The Company will hold in confidence, and will not make any
disclosure of, information concerning an Investor provided to the Company under
this Agreement unless (i) disclosure of such information is necessary to comply
with federal or state securities laws, or any exchange listing or similar rules
and regulations, (ii) the disclosure of such information is necessary to avoid
or correct a misstatement or omission in any Registration Statement, (iii) the
release of such information is ordered pursuant to a subpoena or other order
from a court or governmental body of competent jurisdiction, (iv) such
information has been made generally available to the public other than by
disclosure in violation of this Agreement or any other agreement, (v) the
information was disclosed to the Company by a third party not under an
obligation of confidentiality or (vi) such Investor consents to the form and
content of any such disclosure. If the Company learns that disclosure of such
information concerning an Investor is sought in or by a court or governmental
body of competent jurisdiction or through other means, the Company will give
prompt notice to such Investor prior to making such disclosure and allow such
Investor, at its expense, to undertake appropriate action to prevent disclosure
of, or to obtain a protective order for, such information.

         3.10 Listing. The Company shall use reasonable best efforts to (i)
cause all of the Registrable Securities covered by each Registration Statement
to be listed on each national securities exchange on which securities of the
same class or series issued by the Company are then listed, if any, if the
listing of such Registrable Securities is then permitted under the rules of such
exchange, or (ii) to the extent the securities of the same class or series are
not then listed on a national securities exchange, secure the designation and
quotation of all of the Registrable Securities covered by each Registration
Statement on Nasdaq. In addition, the Company shall deliver to the NYSE copies
of prospectuses that constitute a part of a Registration Statement pursuant to
which Registrable Securities are being offered, in satisfaction of Rule 153
under the Securities Act.

         3.11 Share Certificates. The Company will cooperate with the Investors
who hold Registrable Securities being sold and with the managing underwriter(s),
if any, to facilitate the

                                       -9-

<PAGE>   10

timely preparation and delivery of certificates (not bearing any restrictive
legends) representing Registrable Securities to be offered pursuant to a
Registration Statement and will enable such certificates to be in such
denominations or amounts as the case may be, and registered in such names as the
Investors or the managing underwriter(s), if any, may reasonably request, all in
accordance with Article V of the Purchase Agreement.

         3.12 Plan of Distribution. At the request of the Investors holding a
majority in interest of the Registrable Securities registered pursuant to a
Registration Statement, the Company will promptly prepare and file with the SEC
such amendments (including post-effective amendments) and supplements to the
Registration Statement, and the prospectus used in connection with the
Registration Statement, as may be necessary in order to change the plan of
distribution set forth in such Registration Statement.

         3.13 Securities Laws Compliance. The Company will comply with all
applicable laws related to any Registration Statement relating to the sale of
Registrable Securities and to offering and sale of securities and with all
applicable rules and regulations of governmental authorities in connection
therewith (including, without limitation, the Securities Act, the Exchange Act
and the rules and regulations promulgated by the SEC).

         3.14 Further Assurances. The Company will take all other reasonable
actions as any Investor or the underwriters, if any, may reasonably request to
expedite and facilitate disposition by such Investor of the Registrable
Securities pursuant to the Registration Statement.

         3.15 No Additional Selling Shareholders. The Company will not, and will
not agree to, allow the holders of any securities of the Company to include any
of their securities in any Registration Statement under Section 2.1 hereof, or
any amendment or supplement thereto under Section 3.2 hereof, without the
consent of the holders of a majority in interest of the Registrable Securities.

                                   ARTICLE IV
                          OBLIGATIONS OF THE INVESTORS

         4.1 Investor Information. As a condition to the obligations of the
Company to complete any registration pursuant to this Agreement with respect to
the Registrable Securities of each Investor, such Investor will furnish to the
Company such information regarding itself, the Registrable Securities held by it
and the intended methods of disposition of the Registrable Securities held by it
as is reasonably required by the Company to effect the registration of the
Registrable Securities. At least ten days prior to the first anticipated filing
date of a Registration Statement for any registration under this Agreement, the
Company will notify each Investor of the information the Company requires from
that Investor whether or not such Investor has elected to have any of its
Registrable Securities included in the Registration Statement. If, within three
days prior to the anticipated filing date, the Company has not received the
requested information from an Investor, then the Company may file the
Registration Statement without including Registrable Securities of that
Investor.

                                      -10-

<PAGE>   11

         4.2 Further Assurances. Each Investor will cooperate with the Company,
as reasonably requested by the Company, in connection with the preparation and
filing of any Registration Statement hereunder, unless such Investor has
notified the Company in writing of such Investor's irrevocable election to
exclude all of such Investor's Registrable Securities from such Registration
Statement.

         4.3 Suspension of Sales. Upon receipt of any notice from the Company
under Section 3.6, each Investor will immediately discontinue disposition of
Registrable Securities pursuant to the Registration Statement covering such
Registrable Securities until (i) it receives copies of a supplemented or amended
prospectus contemplated by Section 3.6(a) or (ii) the Company advises the
Investor that a suspension of sales under Section 3.6(b) has terminated. If so
directed by the Company, each Investor will deliver to the Company (at the
expense of the Company) or destroy (and deliver to the Company a certificate of
destruction) all copies in the Investor's possession (other than a limited
number of file copies) of the prospectus covering such Registrable Securities
that is current at the time of receipt of such notice.

         4.4 Underwritten Offerings.

             (a) If Investors holding a majority in interest of the Registrable
Securities being registered (with the approval of a majority in interest of the
Initial Investors) determine to engage the services of an underwriter, each such
Investor will enter into and perform such Investor's obligations under an
underwriting agreement, in usual and customary form, including, without
limitation, customary indemnification and contribution obligations, with the
managing underwriter of such offering, and will take such other actions as are
reasonably required in order to expedite or facilitate the disposition of the
Registrable Securities, unless such Investor subsequently notifies the Company
in writing of such Investor's election not to participate in the underwriting.
Investors determining not to participate in the underwritten offering shall
nonetheless have the right to include all of their Registrable Securities in the
Registration Statement as set forth in Section 3.5.

             (b) Without limiting any Investor's rights under Section 2.1
hereof, no Investor may participate in any underwritten distribution hereunder
unless such Investor (a) agrees to sell such Investor's Registrable Securities
on the basis provided in any underwriting arrangements approved by the Investors
entitled hereunder to approve such arrangements, (b) completes and executes all
questionnaires, powers of attorney, indemnities, underwriting agreements and
other documents reasonably required under the terms of such underwriting
arrangements, and (c) agrees to pay its pro rata share of all underwriting
discounts and commissions and other fees and expenses of investment bankers and
any manager or managers of such underwriting, and legal expenses of the
underwriter, applicable with respect to its Registrable Securities, in each case
to the extent not payable by the Company under the terms of this Agreement.

                                      -11-

<PAGE>   12
                                    ARTICLE V
                            EXPENSES OF REGISTRATION

         The Company will bear all reasonable expenses, other than underwriting
discounts and commissions, and transfer taxes, if any, incurred in connection
with registrations, filings or qualifications pursuant to Articles II and III of
this Agreement, including, without limitation, all registration, listing and
qualifications fees, printers and accounting fees, the fees and disbursements of
counsel for the Company, and the reasonable fees and disbursements of one firm
of legal counsel selected by the Initial Investors pursuant to Section 3.7
hereof (not to exceed $5,000). The Investors shall reimburse the Company for any
out-of-pocket expenses the Company incurs in an underwritten offering initiated
by the Investors.

                                   ARTICLE VI
                                 INDEMNIFICATION

         In the event that any Registrable Securities are included in a
Registration Statement under this Agreement:

         6.1 Indemnification of the Investors and Any Underwriters. To the
extent permitted by law, the Company will indemnify and hold harmless each
Investor that holds such Registrable Securities, any underwriter (as defined in
the Securities Act) for the Investors, any directors or officers of such
Investor or such underwriter and any person who controls such Investor or such
underwriter within the meaning of the Securities Act or the Exchange Act (each,
an "Indemnified Person") against any losses, claims, damages, expenses or
liabilities (joint or several) (collectively, and together with actions,
proceedings or inquiries by any regulatory or self-regulatory organization,
whether commenced or threatened in respect thereof, "Claims") to which any of
them become subject under the Securities Act, the Exchange Act or otherwise,
insofar as such Claims arise out of or are based upon any of the following
statements, omissions or violations in a Registration Statement filed pursuant
to this Agreement, any post-effective amendment thereof or any prospectus
included therein: (a) any untrue statement or alleged untrue statement of a
material fact contained in the Registration Statement or any post-effective
amendment thereof or the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not
misleading, (b) any untrue statement or alleged untrue statement of a material
fact contained in the prospectus related to the Registration Statement (as it
may be amended or supplemented) or the omission or alleged omission to state
therein any material fact necessary to make the statements made therein, in
light of the circumstances under which the statements therein were made, not
misleading, or (c) any violation or alleged violation by the Company of the
Securities Act, the Exchange Act or any other law related to the Registration
Statement, including without limitation any state securities law or any rule or
regulation thereunder (the matters in the foregoing clauses (a) through (c)
being, collectively, "Violations"). Subject to the restrictions set forth in
Section 6.3 with respect to the number of legal counsel, the Company will
reimburse the Investors and each such underwriter or controlling person and each
such other Indemnified Person, promptly as such expenses are incurred and are
due and payable, for any legal fees or other reasonable expenses incurred by
them in

                                      -12-

<PAGE>   13

connection with investigating or defending any Claim. Notwithstanding anything
to the contrary contained herein, the indemnification agreement contained in
this Section 6.1: (i) does not apply to Claims arising out of or based upon a
Violation that occurs in reliance upon and in conformity with information
furnished in writing to the Company by an Indemnified Person expressly for use
in connection with the preparation of the Registration Statement or any such
amendment thereof or supplement thereto, if such prospectus was timely made
available by the Company pursuant to Section 3.3 hereof; (ii) does not apply to
a Claim arising out of or based on any failure by any Indemnified Person to
comply with prospectus delivery requirements (or the Securities Act, the
Exchange Act or any other law or legal requirement applicable to them) or any
covenant or agreement contained in the Purchase Agreement or this Agreement; and
(iii) does not apply to amounts paid in settlement of any Claim if such
settlement is made without the prior written consent of the Company, which
consent will not be unreasonably withheld. This indemnity obligation will remain
in full force and effect regardless of any investigation made by or on behalf of
the Indemnified Persons and will survive the transfer of the Registrable
Securities by the Investors under Article IX of this Agreement.

         6.2 Indemnification of the Company and Certain Stockholders. In
connection with any Registration Statement in which an Investor is
participating, each such Investor will indemnify and hold harmless, severally
and not jointly, to the same extent and in the same manner set forth in Section
6.1 above, the Company, each of its directors, each of its officers who signs
the Registration Statement, each person, if any, who controls the Company within
the meaning of the Securities Act or the Exchange Act, and any other stockholder
selling securities pursuant to the Registration Statement and any of its
directors and officers and any person who controls such stockholder within the
meaning of the Securities Act or the Exchange Act (each an "Indemnified Person")
against any Claim to which any of them may become subject under the Securities
Act, the Exchange Act or otherwise, insofar as such Claim arises out of or is
based upon any of the following: (a) any matter of the type referred to clause
(a) or (b) in Section 6.1 above in each case to the extent (and only to the
extent) that such violation occurs in reliance upon and in conformity with
written information furnished to the Company by such Investor expressly for use
in connection with such Registration Statement or (b) any failure by such
Investor to comply with prospectus delivery requirements (or the Securities Act,
the Exchange Act or any other law or legal requirement applicable to sales under
the Registration Statement) or any covenant or agreement contained in the
Purchase Agreement or this Agreement with respect to sales under the
Registration Statement. Subject to the restrictions set forth in Section 6.3,
such Investor will promptly reimburse any legal or other expenses, promptly as
such expenses are incurred and due and payable, reasonably incurred by them in
connection with investigating or defending any such Claim. However, the
indemnity agreement contained in this Section 6.2 does not apply to amounts paid
in settlement of any Claim if such settlement is effected without the prior
written consent of such Investor, which consent will not be unreasonably
withheld, and no Investor will be liable under this Agreement (including this
Section 6.2 and Article VII) for the amount of any Claim that exceeds the net
proceeds actually received by such Investor as a result of the sale of
Registrable Securities pursuant to such Registration Statement. This indemnity
will remain in full force and effect regardless of any investigation made by or
on behalf of an Indemnified Party and will survive the transfer of the
Registrable Securities by the Investors under Article IX of this Agreement.

                                      -13-

<PAGE>   14

         6.3 Notification and Other Indemnification Procedures. Promptly after
receipt by an Indemnified Person under this Article VI of notice of the
commencement of any action (including any governmental action), such Indemnified
Person will, if a Claim in respect thereof is to be made against any
indemnifying party under this Article VI, deliver to the indemnifying party a
written notice of the commencement thereof. The indemnifying party may
participate in, and, to the extent the indemnifying party so desires, jointly
with any other indemnifying party similarly given notice, assume control of the
defense thereof with counsel mutually satisfactory to the indemnifying parties
and the Indemnified Person. In that case, the indemnifying party will diligently
pursue such defense. If, in the reasonable opinion of counsel retained by the
indemnifying party, the representation by such counsel of the Indemnified Person
and the indemnifying party would be inappropriate due to actual or potential
conflicts of interest between the Indemnified Person and any other party
represented by such counsel in such proceeding or the actual or potential
defendants in, or targets of, any such action including the Indemnified Person
and such Indemnified Person reasonably determines that there may be legal
defenses available to such Indemnified Person that are different from or in
addition to those available to the indemnifying party, then the Indemnified
Person is entitled to assume such defense and may retain its own counsel, with
the fees and expenses to be paid by the indemnifying party (subject to the
restrictions on settlement under Section 6.1 or 6.2, as applicable). The Company
will pay for only one separate legal counsel for the Investors collectively, and
such legal counsel will be selected by the Investors holding a majority in
interest of the Registrable Securities. The failure to deliver written notice to
the indemnifying party within a reasonable time of the commencement of any such
action does not relieve an indemnifying party of any liability to an Indemnified
Person under this Article VI, except to the extent that the indemnifying party
is prejudiced in its ability to defend such action. The indemnification required
by this Article VI will be made by periodic payments of the amount thereof
during the course of the investigation or defense, as such expense, loss, damage
or liability is incurred and is due and payable.

                                   ARTICLE VII
                                  CONTRIBUTION

         To the extent that any indemnification provided for herein is
prohibited or limited by law, the indemnifying party will make the maximum
contribution with respect to any amounts for which it would otherwise be liable
under Article VI to the fullest extent permitted by law. However, (a) no
contribution will be made under circumstances where the maker would not have
been liable for indemnification under the fault standards set forth in Article
VI, (b) no seller of Registrable Securities guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
will be entitled to contribution from any seller of Registrable Securities who
was not guilty of such fraudulent misrepresentation, and (c) contribution
(together with any indemnification or other obligations under this Agreement) by
any seller of Registrable Securities will be limited in amount to the net amount
of proceeds received by such seller from the sale of such Registrable
Securities.

                                      -14-

<PAGE>   15

                                  ARTICLE VIII
                             EXCHANGE ACT REPORTING

         In order to make available to the Investors the benefits of Rule 144 or
any similar rule or regulation of the SEC that may at any time permit the
Investors to sell securities of the Company to the public without registration,
the Company will, until the end of the Registration Period:

         (a) File with the SEC in a timely manner, and make and keep available,
all reports and other documents required of the Company under the Securities Act
and the Exchange Act so long as the Company remains subject to such requirements
(it being understood that nothing herein limits the Company's obligations under
Section 4.3 of the Purchase Agreement) and the filing and availability of such
reports and other documents is required for the applicable provisions of Rule
144; and

         (b) Furnish to each Investor, so long as such Investor holds
Registrable Securities, promptly upon request, (i) a written statement by the
Company that it has complied with the reporting requirements of the Securities
Act and the Exchange Act, (ii) a copy of the most recent annual or quarterly
report of the Company and such other reports and documents filed by the Company
with the SEC and (iii) such other information as may be reasonably requested to
permit the Investors to sell such securities pursuant to Rule 144 without
registration.

                                   ARTICLE IX
                        ASSIGNMENT OF REGISTRATION RIGHTS

         The rights of the Investors hereunder, including the right to have the
Company register Registrable Securities pursuant to this Agreement, shall be
assignable by each Investor to any permitted transferee or assignee of the
Registrable Securities (i) in the case of either an assignment of Registrable
Securities to an affiliate of such Investor or an assignment of all Registrable
Securities held by such Investor without the consent of the Company and (ii) in
the case of an assignment of less than all of the Registrable Securities held by
such Investor with the consent of the Company (which consent shall not be
unreasonably withheld), if (a) the Investor agrees in writing with the
transferee or assignee to assign such rights, and a copy of such agreement is
furnished to the Company within a reasonable time after such assignment, (b) the
Company is, within a reasonable time after such transfer or assignment,
furnished with written notice of the name and address of such transferee or
assignee and the securities with respect to which such registration rights are
being transferred or assigned, (c) such transfer or assignment was not made
under the Registration Statement or Rule 144, (d) at or before the time the
Company received the written notice contemplated by clause (b) of this sentence,
the transferee or assignee agrees in writing with the Company to be bound by all
of the provisions contained herein, (e) such transfer is made in accordance with
the applicable requirements of the Purchase Agreement and (f) the transferee is
an "accredited investor" as that term is defined in Rule 501 of Regulation D.
Any transferee or assignee of an Investor under Article IX shall be deemed an
"Investor" for all purposes of this Agreement, and shall be entitled to all
rights of, and subject to all obligations (including indemnification
obligations) of, an Investor hereunder.

                                      -15-

<PAGE>   16

                                    ARTICLE X
                        AMENDMENT OF REGISTRATION RIGHTS

         This Agreement may be amended and the obligations hereunder may be
waived (either generally or in a particular instance, and either retroactively
or prospectively) only with the written consent of the Company and of the
Investors who then hold a majority in interest of the Registrable Securities
(but not including any Investor who is not affected by such amendment or
waiver). Any amendment or waiver effected in accordance with this Article X is
binding upon each Investor and the Company. Notwithstanding the foregoing, no
amendment or waiver will retroactively affect any Investor without its consent,
or will prospectively adversely affect any Investor who no longer owns any
Registrable Securities without its consent. Neither Article II, Article VI nor
Article VII hereof may be amended or waived in a manner adverse to an Investor
without its consent.

                                   ARTICLE XI
                                  MISCELLANEOUS

         11.1 Conflicting Instructions. A person or entity is deemed to be a
holder of Registrable Securities whenever such person or entity owns of record
such Registrable Securities. If the Company receives conflicting instructions,
notices or elections from two or more persons or entities with respect to the
same Registrable Securities, the Company will act upon the basis of
instructions, notice or election received from the registered owner of such
Registrable Securities.

         11.2 Notices. Except as set forth in Sections 3.3 and 3.6 hereof, any
notices required or permitted to be given under the terms of this Agreement will
be given and deemed received as set forth in the Purchase Agreement.

         11.3 Waiver. Failure of any party to exercise any right or remedy under
this Agreement or otherwise, or delay by a party in exercising such right or
remedy, does not operate as a waiver thereof.

         11.4 Governing Law. This Agreement will be governed by and interpreted
in accordance with the laws of the State of New York without regard to the
principles of conflict of laws. The parties hereto hereby submit to the
exclusive jurisdiction of the United States federal and state courts located in
the State of New York with respect to any dispute arising under this Agreement,
the agreements entered into in connection herewith or the transactions
contemplated hereby or thereby.

         11.5 Severability. If any provision of this Agreement is invalid or
unenforceable under any applicable statute or rule of law, then such provision
will be deemed modified in order to conform with such statute or rule of law.
Any provision hereof that may prove invalid or unenforceable under any law will
not affect the validity or enforceability of any other provision hereof.

                                      -16-

<PAGE>   17

         11.6 Entire Agreement. This Agreement and the Purchase Agreement
(including all schedules and exhibits thereto) constitute the entire agreement
among the parties hereto with respect to the subject matter hereof and thereof.
There are no restrictions, promises, warranties or undertakings, other than
those set forth or referred to herein or therein. This Agreement supersedes all
prior agreements and understandings among the parties hereto with respect to the
subject matter hereof.

         11.7 Successors and Assigns. Subject to the requirements of Article IX
hereof, this Agreement inures to the benefit of and is binding upon the
successors and assigns of each of the parties hereto. Notwithstanding anything
to the contrary herein, including, without limitation, Article IX, the rights of
an Investor hereunder are assignable to and exercisable by a bona fide pledgee
of the Registrable Securities in connection with an Investor's margin or
brokerage accounts.

         11.8 Use of Pronouns. All pronouns refer to the masculine, feminine or
neuter, singular or plural, as the context may require.

         11.9 Headings. The headings of this Agreement are for convenience of
reference only, are not part of this Agreement and do not affect its
interpretation.

         11.10 Counterparts. This Agreement may be executed in two or more
counterparts, each of which is deemed an original but all of which constitute
one and the same agreement. This Agreement, once executed by a party, may be
delivered to the other party hereto by facsimile transmission, and facsimile
signatures are binding on the parties hereto.

         11.11 Further Assurances. Each party will do and perform, or cause to
be done and performed, all such further acts and things, and will execute and
deliver all other agreements, certificates, instruments and documents, as
another party may reasonably request in order to carry out the intent and
accomplish the purposes of this Agreement and the consummation of the
transactions contemplated hereby.

         11.12 Consents. All consents and other determinations to be made by the
Investors pursuant to this Agreement will be made by the Initial Investors or
the Investors holding a majority in interest of the Registrable Securities.

         11.13 No Strict Construction. The language used in this Agreement is
deemed to be the language chosen by the parties to express their mutual intent,
and no rules of strict construction will be applied against any party.

         11.14 Termination. Notwithstanding anything to the contrary herein, the
Company's obligations shall terminate as of the date which is five years from
the date hereof.

                                     * * * *

                                      -17-

<PAGE>   18
         IN WITNESS WHEREOF, the undersigned Investors and the Company have
caused this Agreement to be duly executed as of the date first above written.

                                     COMPANY:

                                     TOWER AUTOMOTIVE, INC.

                                     By:  /s/ DANIEL H. WEBBER
                                          -------------------------------
                                           Name:  Daniel H. Webber
                                           Title: Vice President

                                     INVESTORS:

                                     WTC-CIF SPECIALTY GROWTH EQUITY
                                     PORTFOLIO

                                     By: Wellington Management Company, LLP
                                     Its: Investment Advisor

                                           By: /s/ JULIE JENKINS
                                              ---------------------------
                                           Name:    Julie Jenkins
                                           Title:   Vice President

                                     HARTFORD CAPITAL APPRECIATION
                                     FUND

                                     By: Wellington Management Company, LLP
                                     Its: Investment Sub-Advisor

                                           By: /s/ JULIE JENKINS
                                              ----------------------------
                                           Name:    Julie Jenkins
                                           Title:   Vice President

<PAGE>   19

                                     THE HARTFORD U.S. CAPITAL
                                     APPRECIATION FUND

                                     By: Wellington Management Company, LLP
                                     Its: Investment Sub-Advisor

                                           By: /s/ JULIE JENKINS
                                              ----------------------------
                                           Name:    Julie Jenkins
                                           Title:   Vice President

                                     HEARTLAND GROUP, INC. FBO
                                     HEARTLAND VALUE FUND

                                     By: /s/ PAUL BESTE
                                        -----------------------------------
                                           Name:    Paul Beste
                                           Title:   Vice President

                                     BROADVIEW ADVISORS, LLC

                                     By: /s/ RICHARD LANE
                                        ----------------------------------
                                           Name:    Richard Lane
                                           Title:   President

                                     LUTHER KING CAPITAL MANAGMENT

                                     By: /s/ STEVEN PURVIS
                                        ---------------------------------
                                           Name:  Steven Purvis
                                           Title: Vice President

<PAGE>   20

                                    DEEPHAVEN PRIVATE PLACEMENT
                                    TRADING LTD.

                                    By: /s/ BRUCE LIEBERMAN
                                       -----------------------------------------
                                    Name: Bruce Lieberman
                                    Title: Director of Private Placement Trading

                                    PUTNAM VARIABLE TRUST - PUTNAM VT
                                    SMALL CAP VALUE FUND
                                    PUTNAM INVESTMENT FUNDS - PUTNAM
                                    SMALL CAP VALUE FUND

                                    By Putnam Investment Management, LLC

                                    By: /s/ KAREN R. KAY
                                       -----------------------------------------
                                    Name: Karen R. Kay
                                    Title: Senior Vice President

A copy of the Agreement and Declaration of Trust of each Putnam fund or series
investment company (each, a "Fund") that is a Massachusetts business trust is on
file with the Secretary of State of The Commonwealth of Massachusetts and notice
is hereby given that this Agreement is executed on behalf of the Trustees of the
relevant Fund as Trustees and not individually and that the obligations of this
Agreement are not binding upon any of the Trustees, officers or shareholders of
the Fund individually but are binding only upon the assets and property of such
Fund.

<PAGE>   21
                                    EXHIBIT A

         Notices described in Sections 3.3 (filing and effectiveness of
Registration Statements and post-effective amendments) and 3.6 (blackout
periods) to Putnam Investing Entities should be sent to:

         Putnam Investment Management, LLC
         Legal Department
         2 Liberty Square, 5th Floor
         Boston, MA 02109
         Attention: Michael DeFao, Vice President
         Telephone: 617-760-7634
         Facsimile: 617-292-1625

         With a copy to:
         Putnam Investment Management, LLC
         Legal Department
         2 Liberty Square, 5th Floor
         Boston, MA 02109
         Attention: Donna Allouise, Compliance Legal Assistance
         Telephone: 617-292-1458
         Facsimile: 617-292-1625

                                      -21-

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