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EXHIBIT 10.20
GENEVA STEEL LLC
00 XXXXX XXXXXX XXXX
XXXXXXXX, XXXX
August 14, 2001
VIA FACSIMILE
Ferrostaal Incorporated
00000 Xxxxxxxxxx Xxxxx
Xxxxxxx, Xxxxx 00000
Attention: Xxxx Xxxxxx
Re: Product Sales Agreement dated as of August 1, 2001 (the
"Agreement") between Geneva Steel LLC and Ferrostaal Incorporated.
Dear Xxxx:
In connection with the above-referenced Agreement, I am writing to
clarify the date on which the parties intend to commence operations under the
Agreement.
The Agreement sets forth the effective date of the Agreement as August
1, 2001. Due to unavoidable circumstances, however, the Agreement was not
actually signed by both parties until August 15, 2001. Accordingly, the parties
have agreed that they will commence operations under the Agreement as of August
15, 2001.
This letter of agreement may be executed in counterparts, each of which
shall be deemed an original but all of which shall constitute one and the same
instrument. A facsimile copy of this letter of agreement shall be valid as an
original. If this letter accurately reflects our understanding with respect to
the matters discussed herein, please sign this document below and return it to
me.
Sincerely,
Xxxxxx Xxxxxxxx
ACKNOWLEDGED AND AGREED TO:
Ferrostaal Incorporated
By /s/ XXXX XXXXXX
-------------------
Xxxx Xxxxxx
