EXHIBIT 10.32
Confidential portions of this document indicated by ***** have been omitted and
filed separately with the Commission
ALPCO
Aluminum Line Products Co.
00000 Xxxxxx Xxxxxx
Xxxxxxxx, Xxxx 00000
440.835.8880
Fax: 000.000.0000
July 29, 2002
Xxxx Xxxxxx
Featherlite Trailers
P O Box 000
Xxx 00 & 0
Xxxxxx, Xxxx
Dear Shar
This letter is to confirm our agreement to supply Featherlite with roof coil for
the 1st half of calendar 2003. Aluminum Line has purchased a total of *****/lbs
of metal on a firm basis for the program. Below are the details of the contract.
QUANTITY
#/lbs
DESCRIPTION
3003-H16 Roof Coil
***** x ***** x Coil
***** x ***** x Coil
***** x ***** x Coil
***** x ***** x Coil
***** x ***** x Coil
20" ID W/Fiber Cores -- #/lbs max coils -- Standard mill pack; eye horizontal
DURATION
Contract beginning 1/1/2003 through 6/30/2003
PRICING
_*****/ lb metal base + *****/ conv & *****/ conv for 2 coil releases
NARROW WIDTH (71.5 - 88.375) WIDE WIDTH
1 Coil Release 2 Coil Release 1 Coil Release 2 Coil Release
-------------- -------------- -------------- --------------
***** / Lb *****/ lb *****/ lb *****/ lb
TERMS AND CONDITIONS
1. FOB: Cresco, Iowa
2. Terms: Net 7 days. Featherlite will FedEx a check to ALPCO every
Monday for all invoices from the previous week.
. In contracting this business, ALPCO will make substantial
commitments to the xxxxx on behalf of Featherlite Trailers
through inventory and futures contracts. Early termination of the
agreement, movement of hedged metal units outside of the agreed
upon contract timeframe or finished goods that are unshipped at
the end of the contract period would result in the potential
following charges:
EARLY TERMINATION OF THE AGREEMENT
A. Featherlite Trailers would be responsible for the price
differential in the contracted hedged metal units and the
market price at the time of cancellation.
B. Contract administration fee of *****/ lb on all unused
hedged metal units
C. Featherlite would be responsible for any unshipped finished
goods due to early termination. ALPCO would hold finished
goods no longer than 30 days from the date of cancellation.
UNSHIPPED FINISHED GOODS AT CONTRACT EXPIRATION
X. XXXXX will ship or invoice all unshipped finished goods within 30
days of contract expiration.
B. If finished goods are invoiced and warehoused at ALPCO, a charge
of ***** / lb per month will apply.
Thank you for the continued support on your roof coil requirements. Everyone at
ALPCO values and appreciates your business.
Sincerely
Xxx Xxxxxx
Sales & Marketing Manager
ACKNOWLEDGEMENT:
I hereby acknowledge and accept the terms of the contract outlined above. Please
accept my signature as a contractual agreement between Featherlite Trailers and
Aluminum Line Products Co.
Xxxx Xxxxx -VP of Operations signed 7/29/02
Cc: Xxxxx Xxxxxxxxxx
Xx Xxxxxx
Xxxx Xxxxxxx
Xxxxx Xxxxxxx
