Cooper Tire & Rubber Company announced the merger agreement by and among the Company, The Goodyear Tire & Rubber Company and Vulcan Merger Sub Inc., a wholly owned subsidiary of Goodyear, on June 7, 2021, Merger Sub merged with and into Cooper Tire, with Cooper Tire surviving the merger and becoming a wholly owned subsidiary of Goodyear. As a result of the Merger, Cooper Tire, along with its subsidiaries, became subsidiaries of Goodyear. In connection with the completion of the Merger, on the Closing Date, the Company terminated the Credit Agreement, dated as of May 27, 2015 among the Company, the foreign subsidiary borrowers party thereto from time to time, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. In connection with the termination, the company repaid all of the outstanding obligations in respect of principal, interest and fees under the Credit Agreement. Early termination of the Credit Agreement did not require payment of any early termination penalties.