Exhibit 10.02(g)
MOU EXTENSION AGREEMENT
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THIS EXTENSION AGREEMENT, dated this 22nd of September, 1997, by and
between American Axle & Manufacturing, Inc. ("AAM") and General Motors
Corporation ("GM").
WHEREAS, AAM and GM have entered into that certain Amended and Restated
Memorandum of Understanding, dated September 2, 1997 ("MOU"), which becomes null
and void unless there is a closing of the RSP Agreement with Blackstone on or
before September 30, 1997; and
WHEREAS, the parties wish to extend the period within which such
closing may occur.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties, intending to be
legally bound, hereby mutually agree as follows:
1. The third sentence of paragraph 7 of the MOU shall be amended to
extend the date from September 30, 1997 to October 31, 1997, such that the
sentence shall now read as follows:
"If there is not a closing on or before October 31, 1997, of the RSP
Agreement with Blackstone pursuant to the provisions of said RSP Agreement, this
MOU shall never become effective or operative and shall be null and void;
furthermore; the CSA shall continue as the same is now in effect and AAM shall
be under no obligation whatsoever to end the CSA."
2. Defined terms not defined herein shall have the meanings ascribed to
them in the MOU.
IN WITNESS WHEREOF, and intending to be legally bound, the parties
hereto have caused this Extension Agreement to be executed on the date first set
forth above.
AMERICAN AXLE & MANUFACTURING, INC. GENERAL MOTORS CORPORATION
By: /s/ Xxxxxxx X. Xxxxx By: Xxxx Xxxxxx
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Title: President & C.E.O. Title: Exec. Dir. WW Purchasing
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