Exhibit 10.27
Confidential portions of this document have been omitted and filed separately
with the Commission.
ALUMAX 0000 Xxxxxxxxxxxxx Xxxxx
XXXXXXXXXXXXXX XXXXXXXX Xxxxx 000
Xxxx Xxxxxxx, XX 00000
VIA FACSIMILE 319/000-0000 000/584-1000
November 27, 1996 Fax 630/000-0000
Xx. Xxxx Xxxxx
Vice President, Operations
Featherlite Manufacturing, Inc.
Box 320
Cresco, IA 52136
Dear Xxxx:
This letter will confirm that Alumax Transportation Products agrees to supply
and you agree to purchase ********** pounds of aluminum extrusions for delivery
January, 1997 through December, 1997 via our assigned contract number ATP0078.
Pricing during this contract period will be firm at $********** per pound.
Based upon your commitment, Alumax Transportation Products has taken the
necessary actions, via an established metal position, to provide a firm price
for the duration of this agreement. It is expected that shipments of finished
product will occur in a timely manner, which in this case equates to
approximately ********** pounds on a monthly basis.
In the event you do not fulfill the volume commitment during the contract
period, you will be invoiced for and expected to pay an amount equal to any
financial loss we incurred on the metal position we established in order to
provide you with this firm price contract. The amount you would be invoiced
would be calculated in accordance with the attached Alumax Extrusions, Inc.
terms and conditions regarding firm priced contracts.
We believe the above establishes the essence of our agreement and we request
that you acknowledge receipt and forward a signed copy of this contract for our
files.
We appreciate your confidence in Alumax Transportation Products and look forward
to the successful completion of this contract.
Best regards,
/s/ Xxx X. Xxxxxxxx ACKNOWLEDGED AND ACCEPTED:
Xxx X. Xxxxxxxx /s/ Xxxx Xxxxx 12/2/96
Vice President, Sales & Marketing Xxxx Xxxxx
Vice President, Operations
Featherlite Manufacturing, Inc.
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