SEC Contract Filing

Filing Date: 2024-02-29

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<DIV><FONT size="1" style="font-size:1pt;color:white">EXECUTION VERSION 4874-7262-122514874-7262-1225 MEMBERSHIP INTEREST PURCHASE AGREEMENT by and among TITAN INTERNATIONAL, INC., TITAN TIRE HOLDINGS, INC. CARLSTAR INTERMEDIATE HOLDINGS I LLC, THE CARLSTAR GROUP LLC, AIPCF V FEEDER C (CAYMAN), LP and AIPCF V FEEDER CTP TIRE LLC dated February 29, 2024 4889-2802-6525v.15 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">TABLE OF CONTENTS Page i ARTICLE I DEFINITIONS; INTERPRETATION ...................................................................... 1 Section 1.1 Certain Terms Defined .......................................................................... 1 Section 1.2 Other Definitional and Interpretive Matters ........................................ 18 ARTICLE II CLOSING ............................................................................................................... 21 Section 2.1 Purchase and Exchange ....................................................................... 21 Section 2.2 Closing ................................................................................................ 21 Section 2.3 Deliveries at the Closing ..................................................................... 21 Section 2.4 Purchase Price Adjustment ................................................................. 24 Section 2.5 Purchase Price Allocation ................................................................... 26 Section 2.6 Mechanics of Exchange and Surrender ............................................... 27 Section 2.7 No Fractional Shares ........................................................................... 27 Section 2.8 Withholding ........................................................................................ 28 Section 2.9 Payment of Indebtedness..................................................................... 28 ARTICLE III REPRESENTATIONS AND WARRANTIES REGARDING THE COMPANY MEMBERS AND THE BLOCKERS ........................................ 29 Section 3.1 Due Organization; No Prior Activities ................................................ 29 Section 3.2 Power and Authority of the Company Members ................................ 29 Section 3.3 Capitalization ...................................................................................... 30 Section 3.4 Subsidiaries; Investments .................................................................... 30 Section 3.5 Non-Contravention; Governmental Consents ..................................... 31 Section 3.6 Financial Statements; Undisclosed Liabilities .................................... 32 Section 3.7 Absence of Changes ............................................................................ 33 Section 3.8 Litigation ............................................................................................. 35 Section 3.9 Compliance With Laws; Permits ........................................................ 35 Section 3.10 Material Contracts ............................................................................... 36 Section 3.11 Real Property ....................................................................................... 38 Section 3.12 Employee Benefits .............................................................................. 39 Section 3.13 Labor and Employment Matters.......................................................... 42 Section 3.14 Environmental Matters ........................................................................ 43 Section 3.15 Insurance ............................................................................................. 45 Section 3.16 Taxes ................................................................................................... 46 Section 3.17 Intellectual Property ............................................................................ 49 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">TABLE OF CONTENTS (continued) ii 24874-7262-1225 Section 3.18 Brokers ................................................................................................ 50 Section 3.19 Related Party Transactions .................................................................. 50 Section 3.20 Customers and Suppliers ..................................................................... 51 Section 3.21 Title to Assets ...................................................................................... 51 Section 3.22 Product and Service Warranty ............................................................ 52 Section 3.23 Product Liability ................................................................................. 52 Section 3.24 Directors and Officers; Powers of Attorney ....................................... 52 Section 3.25 Anti-Bribery; Anti-Corruption ............................................................ 52 Section 3.26 Privacy and Data Security Compliance............................................... 52 Section 3.27 No Other Representations or Warranties; Non-Relia