EX-99.(D)(5) 12 d760929dex99d5.htm EXHIBIT (D)(5) Exhibit (d)(5)

Exhibit (d)(5)

CLEAN TEAM CONFIDENTIALITY AGREEMENT

This Clean Team Confidentiality Agreement (the “Agreement”) is entered into this 31st day of May, 2019, between, on the one hand, Tower International, Inc., a Delaware corporation (“Tower”), and, on the other hand, Autokiniton Global Group, Inc. (“Potential Purchaser”), (together with Tower, the “Parties” and each, a “Party”), in connection with a potential transaction between Tower and Potential Purchaser (the “Transaction”).

Effective on the 19th day of September, 2018, Tower entered into that certain Confidentiality Agreement with Potential Purchaser (the “NDA”) related to the Transaction. Capitalized terms used herein but not otherwise defined shall have the meanings assigned to them in the NDA.

Pursuant to and subject to the terms of the NDA and as otherwise provided herein, certain representatives of Potential Purchaser, as described in Paragraph 2 below, may need to receive competitively sensitive information on a range of financial, management and operational issues related to Tower’s business. This information is proprietary, secret and confidential and will be disclosed only on the following terms and conditions:

 

1.

“Clean Team Material” shall mean all information that Tower determines to be competitively sensitive, including without limitation, pricing information, customer contracts and scope of work, purchase orders or other similar agreements, future strategic plans and product/service developments, including all amendments, exhibits, and annexes and any other information that Tower and Potential Purchaser may agree in good faith are relevant to the evaluation and consideration of the potential Transaction, in each case placed in a folder within a data room maintained by Tower for purposes of the Transaction (the “Data Room”) labeled as “Clean Team Material”. Nothing in this Agreement shall require Tower to disclose any Clean Team Material. All material within such folder shall be treated as Clean Team Material, unless such materials are posted in other Data Room folders not labeled as “Clean Team Material” or are otherwise provided to Potential Purchaser or any of its Representatives outside of the Data Room folder labeled as “Clean Team Material”.

 

2.

For purposes of this Agreement, “Clean Team Members” shall mean employees and other Representatives of Potential Purchaser or KPS listed in Exhibit A. Exhibit A may be amended from time to time by written agreement of Tower and Potential Purchaser.

 

3.

For each Clean Team Member added to Exhibit A, Potential Purchaser shall also list such Clean Team Member’s title and, if not apparent from the title and requested by Tower, such Clean Team Member’s function within Potential Purchaser’s or KPS’s organization.

Potential Purchaser agrees that it will be responsible for any breach of this Clean Team Agreement by Clean Team Members.

 

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4.

Potential Purchaser shall, and shall direct its Representatives and the respective Clean Team Members to, limit the use of the Clean Team Material to such uses permitted by this Agreement. Potential Purchaser agrees to keep confidential, and to direct the Clean Team Members to refrain from disclosing (a) such information to Potential Purchaser’s Representatives, consultants, managers, agents, advisors or employees who are not Clean Team Members except as permitted by this Agreement, and (b) with respect to Clean Team Members who are employees of Potential Purchaser, direct them to read this Agreement and agree to comply with its terms. Furthermore, Potential Purchaser shall direct all Clean Team Members to refrain from reproducing or distributing documents, data, or oral information to the extent containing Clean Team Material other than the reproduction by Clean Team Members for purposes of the evaluation, negotiation and consummation of the Transaction or distribution to other Clean Team Members, in each case as permitted hereunder.

 

5.

Potential Purchaser shall take such reasonable measures as may be appropriate to ensure that all obligations of nonuse and nondisclosure of the Clean Team Material set forth herein shall be known to its outside legal, financial or other advisors who are Clean Team Members and who may receive the Clean Team Material, and shall direct that Clean Team Members preserve the confidential nature of the Clean Team Material they receive pursuant to this Agreement. Potential Purchaser shall direct all Clean Team Members to refrain from disclosing any of the Clean Team Material they receive from Tower to any third party, other than under the circumstances described in, and only as permitted by, this Agreement and Section 7 of the NDA. Potential Purchaser will be responsible for any breach or damages associated with the failure of the Clean Team Members to comply with this Agreement, as though it directly breached this Agreement.

 

6.

Potential Purchaser shall direct Clean Team Members to refrain from using the Clean Team Material for any purpose other than evaluating, negotiating and consummating the Transaction. Potential Purchaser shall, and shall direct Clean Team Members to, refrain from disclosing or using Clean Team Materials other than as permitted by this Agreement. Subject to the requirements of this Agreement, the Parties agree that Clean Team Members shall be permitted to share Clean Team Material with other Clean Team Members. Except as provided for in this Agreement or as agreed to by the Parties, no other use will be made by Potential Purchaser or by Clean Team Members, of the Clean Team Material.

 

7.

After receiving the Clean Team Material, Clean Team Members may prepare reports containing any summaries or analyses based on the Clean Team Material or drawn from Clean Team Material which is summarized, aggregated, redacted or cleaned to remove any competitive sensitivity (each a “Report”), which shall not constitute “Clean Team Material” hereunder, but shall constitute “Evaluation Material” subject to the terms of the NDA. Subject to the last sentence of this paragraph, Potential Purchaser may disclose such Report to any of its employees, agents and other Representatives in its reasonable discretion solely for the purposes of evaluation, negotiation and consummation of the Transaction. Any such Report may include only aggregated information from the Clean Team Material, and any such Report shall not: disclose or reveal any specific,

 

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  competitively sensitive non-aggregated data, figures, or details contained or derived from the Clean Team Material, including, without limitation, any non-aggregated or non-anonymized data, figures, or details that would reasonably be expected to permit persons who are not members of the Clean Team to disaggregate the summary data, figures, or details to determine non-anonymized customer-specific information; provided, however, that such Report may disclose the name and the total revenue (as a single number) from any customer counterparty. Any such Report prepared by Clean Team Members shall be reviewed in good faith and approved for distribution by Potential Purchaser’s outside antitrust counsel prior to distribution to Potential Purchaser and/or its Representatives.

 

8.

All Clean Team Material shall remain the property of Tower. Upon Tower’s request, including any such request pursuant to Section 8 of the NDA, Potential Purchaser, its Representatives, and Clean Team Members shall, at Potential Purchaser’s expense and its election, either promptly return to Tower or promptly destroy (and provide a confirmatory email thereof to Tower) all documents containing Tower’s Clean Team Material and all Reports; provided, that nothing contained herein shall require any Person to destroy Clean Team Material in electronic form (including any computer systems, back-up and archive tapes or other electronic backup systems) to the extent that such destruction is not commercially practicable and any retained Clean Team Material is not accessed by Potential Purchaser or its Representatives’ personnel except by any legal, compliance or information technology personnel in the course of their respective duties.

 

9.

This Agreement shall be effective as of the date hereof and shall terminate and be of no further force or effect on the same date that the NDA terminates. The obligations of confidentiality and nonuse related to the Clean Team Material received under this Agreement shall be binding, and, in the event the Transaction does not take place, they shall continue in force for so long as the NDA remains in force.

 

10.

In the event the Transaction does not take place, Potential Purchaser shall not allow any Clean Team Member who has received Clean Team Material pursuant to this Agreement to directly participate in, sales, pricing or marketing with respect to products, services or inputs substantially similar and competitive with the products, services or inputs offered or purchased by Tower, for a period of twelve (12) months from the last date on which such Clean Team Member has had access to Clean Team Material, and all Clean Team Members shall remain subject to the terms of the NDA; provided, that if Tower and Potential Purchaser or any of their respective affiliates consummate the potential Transaction, all of the obligations hereunder (but not under the NDA) shall terminate effective as of the date of the consummation thereof solely with respect to the assets acquired in the potential Transaction.

 

11.

Notwithstanding any other provision of this Agreement or the NDA, Tower acknowledges and agrees that Potential Purchaser and its Representatives (including Clean Team Members) may retain and use “residuals” (as defined below) of the Clean Team Material. The term “residuals” shall mean any information, such as general knowledge, ideas, concepts, know-how, professional skills, work experience or techniques, that may be retained in the unaided memories of Potential Purchaser, its Representatives and Clean

 

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  Team Members who have had access to the Clean Team Material pursuant to the terms of this Agreement or the NDA. For purposes of this Agreement, a person’s memory is unaided if the person has not intentionally refreshed the person’s memory of the Clean Team Material or otherwise accessed the Clean Team Material at any time after Potential Purchaser’s compliance with a request contemplated by Paragraph 8.

 

12.

The Parties acknowledge and agree that any breach of this Agreement by Potential Purchaser may cause Tower to suffer irreparable damage that may not be adequately remedied by an action at law. Accordingly, the Parties agree that Tower is entitled to seek specific performance of the provisions of this Agreement in accordance with Section 10(b) of the NDA.

 

13.

This Agreement shall not be assigned by either Potential Purchaser or Tower without the prior written consent of the other Party. This Agreement shall be binding upon, inure to the benefit of, and be enforceable by the Parties and their respective successors and permitted assigns.

 

14.

In the event of conflict between this Agreement and any other agreements, excluding the NDA, between the Parties, this Agreement shall control unless a subsequent agreement explicitly states otherwise.

 

15.

The terms of the NDA will remain in full force and effect, and this Agreement supplements the NDA. In the event of any conflict or inconsistency between this Agreement and the NDA, the NDA shall control unless otherwise specified herein.

 

16.

This Agreement shall be governed by New York law without regard to its conflicts of law rules. All disputes under this Agreement shall be brought in the federal and state courts of the State of New York sitting in the Borough of Manhattan of the City of New York or of the United States of America for the Southern District of New York. This Agreement shall not be amended, modified or waived except by a writing signed by Tower and Potential Purchaser. This Agreement, together with the NDA, constitute the entire agreement of the Parties with respect to the subject matter hereof.

 

17.

This Agreement may be executed in several counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument.

[Signature Pages Follow]

 

 

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Privileged and Confidential

Counterpart Signature Page

To Clean Team Agreement

Between Tower and Potential Purchaser

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the date and year first above written.

 

Autokiniton Global Group, Inc.
By:  

/s/ George Thanopoulos

  Name: George Thanopoulos
  Title: CEO

 

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Privileged and Confidential

Counterpart Signature Page

To Clean Team Agreement

Between Tower and Potential Purchaser

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the date and year first above written.

 

Tower International, Inc.
By:  

/s/ Nanette Dudek

  Name: Nanette Dudek
 

Title: VP Legal Affairs & Compliance

          and Corporate Secretary

 

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Privileged and Confidential

EXHIBIT A

Clean Team Members

[See attached.]

 

7

Clean room access
    

Name

   

Email

   

Position

   

Entity

1    George Thanopoulos    GThanopoulos@agglp.com    CEO    AGG
2    Paul Suber    Psuber@agglp.com    SVP of Operations & Business Dev    AGG
3    Markus Knoerr    MKnoerr@agglp.com    VP of Technology    AGG
4    Ryan Baker    rbaker@kpsfund.com    Partner    KPS
5    Alison Beyer    abeyer@kpsfund.com    Vice President    KPS
6    Ryan Deane    rdeane@kpsfund.com    Senior Associate    KPS
7    Bryan Verbel    bverbel@kpsfund.com    Associate    KPS
8    William Carter    wcarter@kpsfund.com    Associate    KPS
9    Jose Alvarez    jalvarez@kpsfund.com    Managing Director, Operations    KPS
10    Stephen Schipani    sschipani@kpsfund.com    Director of Tax    KPS
11    Talia Campbell    tcampbell@kpsfund.com    Associate    KPS
12    Michael Psaros    mpsaros@kpsfund.com    Managing Partner    KPS
13    Keith McKinnish    kmckinnish@kpsfund.com    Managing Director, Operations    KPS
14    David Shapiro    dshapiro@kpsfund.com    Partner    KPS
15    Raquel Palmer    rpalmer@kpsfund.com    Partner    KPS
16    Jay Bernstein    jbernstein@kpsfund.com    Partner    KPS
17    Kyle Mumford    kmumford@kpsfund.com    Partner    KPS
18    Chris DiOrio    Chris.DiOrio@gs.com    Managing Director    Goldman Sachs
19    Will Wiltshire    Will.Wiltshire@gs.com    Managing Director    Goldman Sachs
20    Alex Mielke    Alexander.Mielke@gs.com    Vice President    Goldman Sachs
21    Arjun Khanna    Arjun.Khanna@gs.com    Associate    Goldman Sachs
22    Selina Parmar    Selina.Parmar@gs.com    Associate    Goldman Sachs
23    Colleen Coen    Colleen.Coen@gs.com    Analyst    Goldman Sachs
24    Ankit Patel    Ankit.y.Patel@gs.com    Analyst    Goldman Sachs
25    Daniel Behnke    daniel.s.behnke@baml.com    Associate    Bank of America Merrill Lynch
26    Hongfei Xia    hongfei.xia@baml.com    Analyst    Bank of America Merrill Lynch
27    Jasdeep Singh    jsingh41@baml.com    Associate    Bank of America Merrill Lynch
28    Tyler Triscari    tyler.triscari@baml.com    Analyst    Bank of America Merrill Lynch
29    Elizabeth Gretz    elizabeth.gretz@baml.com    Vice President    Bank of America Merrill Lynch
30    Sabrina Shingwani    sabrina.shingwani@baml.com    Associate    Bank of America Merrill Lynch
31    Alex Kozikowski    alex.kozikowski@baml.com    Analyst    Bank of America Merrill Lynch
32    Bryce Fisher    bryce.fisher@baml.com    Director    Bank of America Merrill Lynch
33    Angelo Bonvino    abonvino@paulweiss.com    Partner    Paul Weiss
34    Michael Vogel    mvogel@paulweiss.com    Partner    Paul Weiss
35    Cullen Sinclair    csinclair@paulweiss.com    Associate    Paul Weiss
36    Samantha Elliott    selliott@paulweiss.com    Associate    Paul Weiss
37    Andrew Goldman    agoldman@paulweiss.com    Associate    Paul Weiss
38    David Mayo    dmayo@paulweiss.com    Partner    Paul Weiss
39    Robert Killip    rkillip@paulweiss.com    Associate    Paul Weiss
40    Peter Fisch    pfisch@paulweiss.com    Partner    Paul Weiss
41    Brad Greenburg    bgreenburg@paulweiss.com    Associate    Paul Weiss
42    Andrew Gaines    againes@paulweiss.com    Partner    Paul Weiss
43    Lisa Eisenberg    leisenberg@paulweiss.com    Associate    Paul Weiss
44    Brian Wisotsky    bwisotsky@paulweiss.com    Associate    Paul Weiss
45    Charles Googe    cgooge@paulweiss.com    Partner    Paul Weiss
46    Marisa Seiss    mseiss@paulweiss.com    Associate    Paul Weiss
47    William O’Brien    wobrien@paulweiss.com    Counsel    Paul Weiss
48    Deepa Sarkar    dsarkar@paulweiss.com    Associate    Paul Weiss
49    Monica Thurmond    mthurmond@paulweiss.com    Partner    Paul Weiss
50    Nathaneel Ducena    nducena@paulweiss.com    Associate    Paul Weiss
51    Bruce Gruder    bgruder@paulweiss.com    Counsel    Paul Weiss
52    Aidan Synnott    asynnott@paulweiss.com    Partner    Paul Weiss
53    Marta Kelly    mkelly@paulweiss.com    Counsel    Paul Weiss
54    Rebekah Scherr    rscherr@paulweiss.com    Associate    Paul Weiss
55    Richard Elliott    relliott@paulweiss.com    Counsel    Paul Weiss
56    Joshua Thompson    jthompson@paulweiss.com    Associate    Paul Weiss
57    Davin S. MacKenzie    davin.mackenzie@pwc.com    Partner    PwC
58    Abraham K. Chenathara    abraham.k.chenathara@pwc.com    Director    PwC
59    Kristen Giarrusso    kristen.giarrusso@pwc.com    Associate    PwC
60    Carrie Leahy    CLeahy@BODMANLAW.COM    Member    Bodman
61    Robert Cambridge    RCambridge@BODMANLAW.COM    Member    Bodman
62    Jacob Simon    JSimon@BODMANLAW.COM    Associate    Bodman
63    Nick Scavone    NScavone@bodmanlaw.com       Bodman
64    Andy Spilkin    ASpilkin@bodmanlaw.com       Bodman
65    Ryan Olson    Rolson@bodmanlaw.com       Bodman
66    Whitney Silfen    Wsilfen@bodmanlaw.com       Bodman
67    Breighan Bullock    BBullock@bodmanlaw.com       Bodman
68    Pete Rich    PRich@spilmanlaw.com    Member    Spilman
69    David Robertson    drobertson@spilmanlaw.com    Counsel    Spilman
70    Carl Hellerstedt    chellerstedt@spilmanlaw.com    Counsel    Spilman
71    Lee Urgo    leurgo@deloitte.com    Partner    Deloitte
72    Brian Kunisch    bkunisch@deloitte.com    Partner    Deloitte
73    Jose Velaz    jvelaz@deloitte.com    Senior Manager    Deloitte
74    Nick Marsteller    nimarsteller@deloitte.com    Senior Consultant    Deloitte
75    Michael Leung    michleung@deloitte.com    Manager    Deloitte
76    Lucian Spatoliatore    lspatoliatore@deloitte.com    Partner    Deloitte
77    Michael Mariani    mmariani@deloitte.com    Senior Manager    Deloitte
78    Albert Brink    albrink@deloitte.com    Senior Manager    Deloitte
79    Matt Maggiacomo    mmaggiacomo@deloitte.com       Deloitte
80    Joe Kirpas    jkirpas@deloitte.com    Senior    Deloitte
81    Ken Reichel    kreichel@deloitte.com    Partner    Deloitte
82    Beth Meinhold    bemeinhold@deloitte.com    Manager    Deloitte
839    Mary Jo Brady    mabrady@deloitte.com    Senior Manager    Deloitte
84    Connie Duclos    Connie.duclos@woodplc.com    Senior Associate    Wood
85    Todd Coffin    Todd.coffin@woodplc.com    Environmental Engineer    Wood
86    Lori Stocker    Lori.stocker@woodplc.com    Principal Program Manager    Wood
87    Laura Funk    Laura.funk@woodplc.com    Senior Project Manager    Wood
88    Ben Iden    Ben.iden@woodplc.com    Senior Project Manager    Wood

89    Sandra Sroonian    Sandra.sroonian@woodplc.com    Senior Engineer    Wood
90    John Marsh    John.marsh2@woodplc.com       Wood
91    Surasi Gandara    Surasi.gandara@woodplc.com       Wood
92    Jamie Barnes    Jamie.barnes@woodplc.com    Principal    Wood
93    Lidia Fernandez    lasenf@asacon.com.br       Wood
94    Nigel Webber    nigel.webber@dentons.com    Partner    Dentons
95    Wei Wu    wei.wu@dentons.com    Senior Associate    Dentons
96    Sarah Beeby    sarah.beeby@dentons.com    Partner    Dentons
97    Rodrigo Vella    rodrigo.vella@vpbg.com.br    Partner    Dentons
98    Bruna Gobbi    bruna.gobbi@vpbg.com.br    Senior Associate    Dentons
99    Diego Casquel    diego.casquel@vpbg.com.br    Associate    Dentons
100101    Bernado Cortes    bernardo.cortes@dentons.com    Senior Associate    Dentons
101    Daniela Monroy    daniela.monroy@dentons.com    Partner    Dentons
102    Jorge Lopez    jorge.lopez@dentons.com    Associate    Dentons
   Luz Garcia    Luz.Garcia@dentons.com    Associate    Dentons
   Luis Leuchter    luis.leuchter@dentons.com    Associate    Dentons
   Gustavo Mendoza    gustavo.mendoza@dentons.com    Associate    Dentons
   David Moussali    David.Moussali@dentons.com    Associate    Dentons