TITAN INTERNATIONAL, INC. ‑ and ‑ TITAN LUXEMBOURG S.A.R.L. ‑ and ‑ OEP 11 COÖPERATIEF U.A. ‑ and ‑ RUBBER COÖPERATIEF U.A. ‑ and ‑ TITAN TIRE RUSSIA B.V.Shareholders' Agreement • November 2nd, 2018 • Titan International Inc • Steel works, blast furnaces & rolling mills (coke ovens)
Clause Headings Page 1. DEFINITIONS AND INTERPRETATION 3 2. CONDITIONS AND CLOSING 11 3. BUSINESS AND OBJECTIVES OF THE GROUP 12 4. GENERAL UNDERTAKINGS 12 5. SHAREHOLDERS AND SHAREHOLDER MEETINGS 14 6. MANAGEMENT BOARD 14 7. THE SUPERVISORY BOARD 15 8. CORPORATE GOVERNANCE OF THE GROUP 17 9. RESERVED MATTERS 18 10. DEADLOCK 20 11. FURTHER FINANCING 20 12. INFORMATION, REPORTING AND TAX MATTERS 20 13. PROTECTION OF THE BUSINESS 21 14. RELATIONSHIP BETWEEN THE GROUP AND THE SHAREHOLDER GROUP 23 15. TRANSFER OF SHARES 23 16. RIGHT OF FIRST REFUSAL 24 17. TAG ALONG RIGHTS 24 18. DRAG ALONG/SALE OF RUSSIAN OPERATING COMPANY 25 19. PUT OPTION 26 20. SETTLEMENT OPTIONS 27 21. ISSUES OF NEW SECURITIES 28 22. TRANSFER TERMS 29 23. ALLOCATION OF PROFITS AND DISTRIBUTIONS 31 24. AMENDMENTS 32 25. CONFLICT WITH CONSTITUTIONAL DOCUMENTS 32 26. DEFAULT 32 27. DURATION 35 28. GUARANTEE 35 29. MISCELLANEOUS 35 30. NOTICES 38 31. GOVERNING LA
