Exhibit 10.02(b)
AMENDMENT NO. 2 TO
COMPONENT SUPPLY AGREEMENT*
THIS AMENDMENT NO. 2 TO COMPONENT SUPPLY AGREEMENT (the
"Amendment"), is entered into as of this 7th day of February, 1996, by AMERICAN
AXLE & MANUFACTURING, INC. ("AAM"), a corporation organized under the laws of
the State of Delaware, and GENERAL MOTORS CORPORATION ("GM"), a corporation
organized under the laws of the State of Delaware.
1. Section 2.3 of the Supply Agreement is hereby deleted in
its entirety and substituted therefor is the following:
2.3 ***
2. Section 3.4 of the Supply Agreement is hereby deleted in
its entirety and substituted therefor is the following:
3.4 Payment Terms.
(a) GM will pay for all Existing Components and New Components
shipped from the GM plants which will be owned by AAM after the Closing, which
are located in Detroit, Michigan; Three Rivers, Michigan; Buffalo, New York; and
Tonawanda, New York (the "AAM Plants") as follows:
(i) All AAM sales of Existing Components or
New Components to GM ***, shall be paid *** in immediately
available funds *** shipment of the product from the AAM
Plants.
(ii) All AAM sales of Existing Components or
New Components to GM ***, shall be paid *** in immediately
available funds *** following shipment of the product from the
AAM Plants.
(iii) All AAM sales of Existing Components or
New Components to GM ***, shall be paid *** in immediately
available funds *** following shipment of the product from the
AAM Plants.
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* Portions of this Exhibit 10.02(b) were omitted and filed separately with the
Secretary of the Securities and Exchange Commission (the "Commission")
pursuant to an application for confidential treatment filed with the
Commission pursuant to Rule 406 under the Securities Act of 1933, as amended.
Such portions are marked by the symbol "***".
2
(iv) All AAM sales of Existing Components or
New Components to GM ***, shall be paid on the *** following
GM's receipt of shipments ***.
AAM and GM will meet no less frequently than every two (2)
years to discuss payment terms and may modify the above schedule by
joint agreement.
(b) GM will pay for all shipments of Existing Components and
New Components shipped from locations other than the AAM Plants, as that term is
defined in Paragraph 3.4(a), on a ***.
3. Except as specifically set forth above, the Supply
Agreement shall remain in full force and effect and unmodified hereby.
IN WITNESS WHEREOF, GM and AAM have caused this Agreement to
be executed by their duly authorized representatives as of the day and year
first above written.
AMERICAN AXLE &
MANUFACTURING, INC.
By: /s/ Xxxxxxx X. Xxxxx
------------------------
Title: President and CEO
GENERAL MOTORS CORPORATION
By: /s/ Xxxx Xxxxxx
----------------------------
Title: Executive Director - WWP
