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Joinder Agreement

This is an actual contract by Bandag.

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Sectors: Manufacturing
Governing Law: Iowa, View Iowa State Laws
Effective Date: May 30, 2007
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This JOINDER AGREEMENT is made and entered into as of the 30th day of May, 2007, by and among GRIP ACQUISITION CORPORATION , an Iowa corporation (" MergerCo" ), International Wrestling Institute & Museum an Iowa not-for-profit corporation (the " Joining Stockholder" ), and ROY J. CARVER, JR. (the " Shareholder" ) and relates to that certain Voting Agreement (the " Voting Agreement" ) dated as of December 5, 2006, between MergerCo and the Shareholder.

WHEREAS , simultaneously with the execution of the Agreement and Plan of Merger, dated as of December 5, 2006, by and among MergerCo, Bridgestone Americas Holding, Inc. and Bandag, Incorporated (the " Merger Agreement" ), MergerCo and the Shareholder entered into the Voting Agreement pursuant to which the Shareholder agreed to, among other things, vote his Owned Shares in favor of the adoption of the Merger Agreement and approval of the Merger (as defined in the Merger Agreement) at the Shareholder Meeting; and

WHEREAS , the Shareholder wishes to assign 2,000 shares of Class A Common Stock, par value $1.00 per share, of Bandag, Incorporated (the " Assigned Shares" ) to the Joining Stockholder; and

WHEREAS , MergerCo is willing to consent to such transfer of the Assigned Shares as a Transfer to a Permitted Transferee pursuant to Section 2.3 of the Voting Agreement, provided that the Joining Stockholder becomes a party to the Voting Agreement, and the Joining Stockholder desires to do so in accordance with the terms hereof.

NOW , THEREFORE , in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Joinder Agreement agree as follows:

1. Agreement to be Bound . The Joining Stockholder acknowledges and agrees that, upon the execution of this Joinder Agreement, it shall (a) join and become a party to the Voting Agreement and shall be fully bound by, and subject to, all of the covenants, terms and conditions of the Voting Agreement as though an original party
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