0000899751-11-000001 Sample Contracts

EXCHANGE AGREEMENT
Exchange Agreement • January 7th, 2011 • Titan International Inc • Steel works, blast furnaces & rolling mills (coke ovens)

This Exchange Agreement (this “Agreement”) is made and entered into on January 7, 2011, by and between Titan International, Inc., an Illinois corporation (the “Company”) and the undersigned holder of the Company’s 5.625% Convertible Senior Subordinated Notes due 2017 (the “Holder”).

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