EXHIBIT 10.13
EXECUTION COPY
INTERCREDITOR AGREEMENT
THIS INTERCREDITOR AGREEMENT (which, together with all extensions and
renewals hereof, all modifications and amendments hereto, and all substitutions
and replacements herefor, is hereinafter referred to as the "Agreement"), is
dated as of May 20, 2004, and is made and entered into by and among THE DIRECTOR
OF THE DEPARTMENT OF DEVELOPMENT OF THE STATE OF OHIO, acting for and on behalf
of the State of Ohio (the "Director"), whose mailing address is 00 Xxxxx Xxxx
Xxxxxx, X.X. Xxx 0000, Xxxxxxxx. Xxxx 00000-0000 (Attention: Loan Servicing),
and whose Telecopier number is (000) 000-0000, PERRY PRINCIPALS INVESTMENTS,
L.L.C., acting in its capacity as a holder of the Senior Subordinated Notes (as
hereinafter defined), whose mailing address is 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx,
Xxx Xxxx 00000, (Attention: Xxxx Xxxxx), and whose telecopier number is (212)
583-4125, PERRY PRINCIPALS INVESTMENTS, L.L.C. acting in its capacity as the
initial Collateral Agent (as hereinafter defined) for the Senior Notes (as
hereinafter defined), whose mailing address is 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx,
Xxx Xxxx 00000, (Attention: Xxxx Xxxxx), and whose telecopier number is (212)
583-4125, REPUBLIC ENGINEERED PRODUCTS, INC., a Delaware corporation (the
"Borrower"), whose mailing address is 0000 Xxxxxxx Xxxxxxx, Xxxxx, Xxxx 00000
(Attention: Chief Executive Officer), and whose telecopier number is (330)
670-3020, PAV REPUBLIC, INC., a Delaware corporation (the "Parent") whose
mailing address is 0000 Xxxxxxx Xxxxxxx, Xxxxx, Xxxx 00000 (Attention: Chief
Executive Officer), and whose telecopier number is (000) 000-0000, PAV RAILROAD,
INC., a Delaware corporation ("Railroad") whose mailing address is 0000 Xxxxxxx
Xxxxxxx, Xxxxx, Xxxx 00000 (Attention: Chief Executive Officer), and whose
telecopier number is (000) 000-0000, and PAV MACHINE. LLC, a Delaware limited
liability company ("Machine") whose mailing address is 0000 Xxxxxxx Xxxxxxx,
Xxxxx, Xxxx 00000 (Attention: Chief Executive Officer), and whose telecopier
number is (000) 000-0000 (the Borrower, Parent, Railroad and Machine are
collectively referred to herein as the "Companies").
RECITALS:
WHEREAS, the Director has made a loan to the Borrower in the original
principal amount of $5,000,000 (the "State Loan"), which loan is secured by a
security interest in the property described in Exhibit A hereto (the "Shared
Collateral") and is evidenced by a Loan Agreement dated as of March 20, 2003
between the Director and the Borrower (the "Director Loan Agreement"; and
together with all other documents or instruments evidencing or securing the
State Loan hereinafter collectively referred to as the "State Loan Documents");
and
WHEREAS, the Borrower has issued (i) to Perry Principals Investments.
L.L.C. (in such capacity, the "Subordinated Noteholder") a $10,000,000 Senior
Subordinated Promissory Note due August 20, 2009 (as from time to time amended
or supplemented, the "Subordinated Note") pursuant to that certain Senior
Subordinated Note Purchase Agreement dated as of May 20, 2004 (as from time to
time amended or supplemented, the "Subordinated Note Agreement") among the
Subordinated Noteholder and the Companies, and (ii) to Perry Principals
Investments, L.L.C., as collateral agent (in such capacity, the "Collateral
Agent") a $60,000,000 Senior Secured Promissory Note due August 20, 2009 (as
from time to time amended or supplemented, the "Senior Note" and collectively
with the Subordinated Note, the "Notes") pursuant to that certain Senior Note
Purchase Agreement dated as of May 20, 2004 (as from time to time amended or
supplemented, the "Senior Note Agreement" and collectively with the Subordinated
Note Agreement, the "Note Agreements") among the Subordinated Noteholder and the
Companies.
WHEREAS, the Note Agreements together with all other documents or
instruments evidencing or securing the Notes are hereinafter collectively
referred to as the "Note Documents";
WHEREAS, the obligations of the Companies under the Note Documents are
secured by, among other things, a lien upon and a security interest in the
Shared Collateral;
WHEREAS, the Director, the Subordinated Noteholder and the Collateral
Agent wish to enter into this Agreement for the purpose of setting forth certain
agreements between themselves with respect to the matters set forth herein..
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and intending to be legally bound
hereby, the Director, the Subordinated Noteholder and the Collateral Agent
hereby covenant and agree as follows:
1. Incorporation of Recitals. The Recitals to this Agreement are
incorporated herein by this reference.
2. Definitions. (a)(a) "Hereof," "herein, "hereunder" and "hereto" and
words of similar import when used in this Agreement shall refer to this
Agreement as a whole and not to any particular provision of this Agreement, and
article, section, subsection, paragraph, item, exhibit, and schedule references
are to this Agreement unless otherwise specified. All terms defined in this
Agreement in the singular shall have comparable meanings when used in the plural
and vice versa unless other specified.
(b) As used herein the following terms shall have the meanings set forth
below:
"First Priority Notes" shall mean Notes issued in the principal
amount of $11,479,000.
"Noteholders" shall mean the holders of the Notes.
"Second Priority Notes" shall mean all Notes other than the First
Priority Notes issued in the initial principal amount of $58,521,000.
"Security Documents" shall mean the State Loan Documents and the
Note Documents.
3. Shared Lien and Security Interest. Irrespective of (a) the time,
order or method of attachment or perfection of the respective security interests
and/or other liens granted to the Director, the Subordinated Noteholder or the
Collateral Agent in or on any or all of the property or assets of any of the
Companies, including the Shared Collateral, (b) the time or manner of the filing
of their respective financing statements, (c) the possession of any portion of
the Shared Collateral, (d) the dating, execution or delivery of any agreement
granting to the Director, the Subordinated Noteholder or the Collateral Agent
any security interests and/or other liens in or on any or all of the assets
and/or property of any of the Companies, including the Shared Collateral, (e)
the giving of notice or the failing to give notice of any of the above, and (f)
any provision of law to the contrary, the Director and the Subordinated
Noteholder or the Collateral Agent with respect to the First Priority Notes.
shall share a first lien priority position concerning the Shared Collateral, and
their respective, security interests in the Shared Collateral shall rank pari
passu with respect thereto. The Subordinated Noteholder and the Collateral Agent
shall share a second lien priority position of the Shared Collateral with
respect to the Second Priority Notes. For purposes of this Agreement, all
payments made on the Notes shall be applied on a pro rata basis between
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the First Priority Notes and Second Priority Notes. Any funds advanced by the
Director in excess of the State Loan (which is limited to $5 million in
principal amount) shall be subordinate to the Notes and all other amounts due
under and in connection with the Note Documents. Any Notes issued after the date
hereof in connection with the Note Documents shall be considered Second Priority
Notes for the purposes of this Agreement.
4. Action to Be Taken upon Occurrence of Event of Default. The
Subordinated Noteholder, the Collateral Agent and the Director agree that, upon
the occurrence of an event of default under either the State Loan Documents or
the Note Documents, the Director, the Subordinated Noteholder and the Collateral
Agent shall immediately consult in good faith with one another in an attempt to
agree upon a mutually acceptable course of conduct including, but not limited
to, actions to be taken with respect to the Shared Collateral. In the event that
the Director, the Subordinated Noteholder and the Collateral Agent are unable to
so agree, then the Director, the Subordinated Noteholder or the Collateral Agent
may proceed to take action in accordance with the remedies available to them in
the State Loan Documents and the Note Documents, respectively, for the mutual
benefit of each in accordance with Section 5 hereof; provided, however, that the
Director shall not permit or cause payment of the State Loan to be accelerated
unless and until the earlier of (a) payment of the Notes has been accelerated,
or (b) one hundred eighty (180) days after the occurrence of any event of
default under any of the State Loan Documents.
5. Pro Rata Sharing. If, following the occurrence and during the
continuance of an event of default under the State Loan Documents or the Note
Documents, amounts owing or to become owing under the State Loan Documents or
the Note Documents are accelerated (subject in the case of the State Loan
Documents to the promise contained in paragraph 4 above), or any foreclosure,
sale, or other disposition or liquidation proceedings concerning the Shared
Collateral are commenced by either the Director, the Subordinated Noteholder or
the Collateral Agent, all payments or amounts realized or received thereafter by
the Director, the Subordinated Noteholder or the Collateral Agent, which
payments or amounts are derived from the Shared Collateral, shall be shared by
the Director, the Subordinated Noteholder and the Collateral Agent on a pro rata
basis in accordance with the respective principal amounts of their obligations
then outstanding under the State Loan and First Priority Notes.
6. Insurance and Eminent Domain Proceeds. All insurance and eminent
domain proceeds, if any, with respect to the Shared Collateral shall be made
payable to the Subordinated Noteholder and/or the Collateral Agent, but if
payment shall be made to one of the parties to this Agreement, such party will
hold the proceeds in trust for the mutual benefit of the other party pending
application in accordance with this Agreement, the State Loan Documents and the
Note Documents. Whenever pursuant to the State Loan Documents, the Note
Documents or this Agreement a procedure for the Director the Subordinated
Noteholder or the Collateral Agent to disburse such proceeds is required, the
Director, the Subordinated Noteholder and the Collateral Agent agree to
cooperate with each other in good faith in establishing a mutually acceptable
procedure consistent with the provisions thereof and hereof. The Director, the
Subordinated Noteholder and the Collateral Agent each acknowledge that under the
State Loan Documents and the Note Documents, respectively, they have, under
certain circumstances, the right to determine whether such proceeds should be
applied to reduce the obligations owing to them. If any such proceeds are so
applied, such proceeds will be subject to sharing in the same manner as other
proceeds of the Shared Collateral.
7. Notices. The Director, the Subordinated Noteholder and the
Collateral Agent shall deliver to the other (a) as soon as practicable after
receipt thereof: any notice which it receives in connection with the loan
obligations owed to it by the Companies, (b) prompt notice of any fact or
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occurrence, excluding lapse of time but including such things as any purported
transfer or removal from the State of Ohio of all or any part of the Shared
Collateral which may impair the priority of the parties shared lien or the
perfection of their respective security interests in the Shared Collateral, and
(c) at least ten (10) days' prior written notice of any action either of them
proposes to undertake under the last sentence of Section 4 hereof or otherwise
with respect to the Shared Collateral.
8. Method of Notification. All notices made or required to be given to any
party hereto pursuant to this Agreement shall be in writing and shall be sent to
the address appearing in the preamble to this Agreement by regular U.S. mail,
telecopier or overnight courier service. Each of the parties hereto may change
its address for service of notice by giving a notice complying with this Section
8 to the other parties hereto.
9. Termination of Obligations. This Agreement shall automatically
terminate upon payment in full of all obligations of the Companies to either the
Director under the State Loan Documents or the Subordinated Noteholder and the
Collateral Agent under the Note Documents; provided, however, that if all or any
part of any payment by any of the Companies to the Director, the Subordinated
Noteholder or the Collateral Agent is thereafter invalidated or set aside or
required to be repaid to any person in any bankruptcy or other proceeding, then
this Agreement shall be renewed as of such date and shall thereafter continue in
full force and effect to the extent of the obligations so invalidated, set aside
or repaid. Upon any such termination, all financing statements and liens
applicable to the satisfied obligations shall be terminated by the appropriate
party (and this obligation shall survive any termination of this Agreement).
10. Consents Amendments and Waivers. No amendment, waiver, or consent of
any provision of this Agreement shall be effective unless in writing and signed
by the Director, the Subordinated Noteholder and the Collateral Agent. Each
waiver, if any, shall be a waiver only with respect to the specific instance
involved and shall in no way impair the rights of the waiving party or the
obligations of the Borrower to any party in any other respect at any other time.
11. Assignment and Parties in Interest. This Agreement may not be assigned
by any party without the advance written consent of the other parties hereto.
All terms of this Agreement shall be binding upon and shall inure to the benefit
of and be enforceable by the respective successors and permitted assigns of the
Director, the Subordinated Noteholder and the Collateral Agent.
12. No Third-Party Beneficiaries. This Agreement is solely for the benefit
of the Director, the Subordinated Noteholder and the Collateral Agent and is not
intended to grant any rights, benefits or defenses to or for the benefit of any
other person whatsoever. The parties agree that the Companies are signing this
Agreement solely for the purpose of consenting to and acknowledging the rights
and obligations of the Director, the Subordinated Noteholder and the Collateral
Agent. The Companies shall have no rights hereunder.
13. Reservation of Security Interests as Against Third Parties. Nothing
contained herein is intended to affect or limit in any way the security
interests and/or other liens each of the parties hereto has in any and/or all of
the property and assets of the Companies, whether tangible or intangible,
insofar as the Companies and third parties are concerned. The parties hereto
specifically reserve all respective security interests and/or other liens and
rights to assert such security interests and/or other liens as against the
Companies and third parties.
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14. Headings. The headings of the Sections of this Agreement are inserted
for convenience only and shall not be deemed to constitute a part hereof.
15. Applicable Law and Venue. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York.
16. Severability. If any provision of this Agreement, or any term,
condition, covenant, obligation or agreement contained herein is determined by a
court to be invalid or unenforceable, such determination shall not affect any
other provision, term, condition, covenant, obligation or agreement, each of
which shall be construed and enforced as if such invalid or unenforceable
portion were not contained herein. Such invalidity or enforceability shall not
affect any valid and enforceable application thereof, and each such provision,
term, condition, covenant, obligation or agreement, shall be deemed to be
effective, operative, made, entered into or taken in the manner and to the full
extent permitted by law.
17. Integration and Controlling Effect. This Agreement sets forth the
entire agreement between the parties hereto relating to the matters set forth
herein and supersedes all prior understandings and agreements, whether written
or oral, between the parties hereto and the Companies relating to such matters.
If any of the terms or provisions of this Agreement are determined to be in
conflict with any of the provisions of the State Loan Documents or Note
Documents, the terms of this Agreement shall control.
18. Interpretation. This Agreement shall be deemed to have been prepared
jointly by the parties hereto and any uncertainty or ambiguity existing herein
shall not be interpreted against any party but shall be interpreted according to
the rules for the interpretation of arm's-length agreements.
19. Covenants of the Director. All covenants, obligations and agreements
of the Director contained in this Agreement shall be effective to the extent
authorized and permitted by applicable law. No such covenant, obligation or
agreement shall be deemed to be a covenant, obligation or agreement of any
present or future Director in other than his official capacity acting pursuant
to applicable law.
20. Counterparts. This Agreement and any amendment hereto may be executed
in several counterparts and by each party on a separate counterpart, each of
which, when so executed and delivered shall be an original, but all of which
together shall constitute but one and the same instrument.
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IN WITNESS WHEREOF, the parties hereto have caused this Intercreditor
Agreement to be executed, and delivered by their respective duly authorized
officers as of the date first hereinabove written.
THE DIRECTOR OF THE DEPARTMENT OF
DEVELOPMENT OF THE STATE OF OHIO, acting
for and on behalf of the State of Ohio
By: /s/ Xxxxx X. Xxxxxxx
-----------------------------
Name: Xxxxx X. Xxxxxxx
Title: Chief Legal Counsel
PERRY PRINCIPALS INVESTMENTS, L.L.C., as
Subordinated Noteholder
By:
-----------------------------
Name:
-----------------------
Title:
----------------------
PERRY PRINCIPALS INVESTMENTS, L.L.C., as
Collateral Agent for the Senior Notes
By:
-----------------------------
Name:
-----------------------
Title:
----------------------
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IN WITNESS WHEREOF, the parties hereto have caused this Intercreditor
Agreement to be executed, and delivered by their respective duly authorized
officers as of the date first hereinabove written.
THE DIRECTOR OF THE DEPARTMENT OF DEVELOPMENT OF THE
STATE OF OHIO, acting for and on behalf of the State of
Ohio
By:
-----------------------------
Name:
-----------------------
Title:
----------------------
PERRY PRINCIPALS INVESTMENTS, L.L.C., as
Term 1 Noteholder
By: /s/ Xxxxxxx Xxxxxxxxxxx
-----------------------------
Name: Xxxxxxx Xxxxxxxxxxx
Title: Authorized Person
PERRY PRINCIPALS INVESTMENTS, L.L.C., as
Collateral Agent for the Senior Notes
By: /s/ Xxxxxxx Xxxxxxxxxxx
-----------------------------
Name: Xxxxxxx Xxxxxxxxxxx
Title: Authorized Person
[SIGNATURE PAGE TO PERRY INTERCREDITOR AND ACCESS AGREEMENT -- OHIO STATE]
Each of the undersigned hereby (i) acknowledges and consents to the terms
and conditions of the foregoing Agreement, as such Agreement maybe amended,
modified, supplemented, restated or replaced from time to time, (ii) agrees to
execute and deliver such other documents and instruments in connection herewith
as may be requested by the Director, the Subordinated Noteholder or the
Collateral Agent, in form and substance satisfactory to the Director, the
Subordinated Noteholder and the Collateral Agent, and (iii) agrees to take such
other action as any of the Director, the Subordinated Noteholder or the
Collateral Agent may request to effectuate and carry our the provisions of the
foregoing Agreement. Each of the undersigned further acknowledges and agrees
that the provisions of the foregoing Agreement are intended to establish and
define the relative rights and obligations as among the Director, the
Subordinated Noteholder and the Collateral Agent and shall not be deemed to
extend or modify the obligations of the undersigned (or any of them) to the
Director, the Subordinated Noteholder of the Collateral Agent.
By countersigning this Agreement, each of the undersigned agrees (i) to
reimburse each of the Director, the Subordinated Noteholder and the Collateral
Agent, on demand, for any reasonable expenses incurred by such person, including
(1) counsel fees, (2) other charges and (3) disbursements and compensation of
agents, arising out of, in any way connected with, or as a result of, the
execution and delivery of the foregoing Agreement or any of the Security
Documents (as defined in the foregoing Agreement) or any agreement or instrument
contemplated thereby or the performance by the parties to the foregoing
Agreement or thereto of their respective obligations under the foregoing
Agreement or thereunder or in connection with the enforcement or protection of
the rights of the Director, the Subordinated Noteholder and the Collateral Agent
(as defined in the foregoing Agreement) under the foregoing Agreement and the
Security Documents and (ii) to indemnify and bold harmless the Director, the
Subordinated Noteholder and the Collateral Agent and each of their respective
directors, officers, employees and agents (each such person being called an
"Indemnitee"'), on demand, from and against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever which may be imposed
on, incurred by or asserted against any Indemnitee in their respective
capacities or any of them in any way relating to or arising out of the foregoing
Agreement or the Security Documents; provided, however, that the undersigned
shall not be liable to any Indemnitee for any such liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements to the extent they have resulted from the gross negligence or
willful misconduct of such Indemnitee.
REPUBLIC ENGINEERED PRODUCTS, INC.
By: /s/ Xxxxxx Xxxxxxxxx
-----------------------------
Name: Xxxxxx Xxxxxxxxx
Title: Chief Financial Officer
[SIGNATURE PAGE TO PERRY INTERCREDITOR AND ACCESS AGREEMENT -- OHIO STATE]
PAV REPUBLIC, INC.
By: /s/ X. X. Xxxxxxx III
---------------------------------
Name: X.X. Antonio III
Title: Vice President
REPUBLIC N&T RAILROAD, INC.
By: /s/ Xxxxxx Xxxxxxxxx
---------------------------------
Name: Xxxxxx Xxxxxxxxx
Title: Chief Financial Officer
REPUBLIC MACHINE, LLC
By: /s/ Xxxxxx Xxxxxxxxx
---------------------------------
Name: Xxxxxx Xxxxxxxxx
Title: Chief Financial Officer
[SIGNATURE PAGE TO PERRY INTERCREDITOR AND ACCESS AGREEMENT -- OHIO STATE]
Exhibit A
CEA OVER/ CURRENT
PO CAPITAL DATE VENDOR AMOUNT (UNDER) AMOUNT
--------- ---------------------------------------- -------- ------------- ---------- --------- ----------
N-53315-T ROLLING MILL EQUIP 5/10/02 QUAD 5,038,000 (763,000) 4,275,000
N-53316-T COOLING BED EQUIP 5/10/02 SES 4,593,000 (101,200) 4,491,800
N-54101-T ENGMODIFY-TRUSS 6/12/02 MIDDOUGH - 64,273 64,273
N-54194-T ABRASIVE SAW (2) 6/17/02 TRI-CAM INC. 1,500,000 (185,650) 1,314,350
N-55340-T LAP GAGE 7/25/02 LAP LASER LLC 200,000 48,737 248,737
N-01206-C XXXX XXXXX FAB & INSTALL 9/23/02 SPC 694,000 80,832 774,832
X-00000-X XXXX-XXXXX-XXXX, XX, XXXX, XXXX SAW LINE 10/18/02 SPC 781,420 235,629 1,017,045
N-02291-C ELECTRICAL INSTALL PARTIAL 10/28/02 ECA 267,643 - 267,643
N-03031-C CIVIL INSTALL PH II 11/18/02 XXXXXX CORP 571,106 - 571,106
N-03032-C MECHANICAL INSTALLATION 11/21/02 SPC 892,000 250,000 1,142,000
JOBORD01 MACHINE CRANK SHEAR ARMS 11/25/02 REF FAB SHOP - - -
N-03076-C PIPING INSTALLATION 11/25/02 SUBURBAN 440,087 21,226 461,313
N-03209-C RIGGING PCR ROOMS FIND 12/3/02 SPC 26,185 - 26,185
N-03341-C LAP GAUGE INTERFACE 12/5/02 AURELIAN - 15,660 15,660
X-00000-X XXX 0X & 0X XXXXXXX & CHUTES 12/11/02 QUAD ENGR - 7,500 7,500
N-03524-C DRILLING ON MILL STANDS 12/16/02 TESARINC - 14,000 14,000
N-03630-C MACHINE SHOP SERVICES 12/16/02 DORAY MACHINE - 5,000 5,000
N-03607-C ELECTRICAL PHASE II 12/19/02 ECA 1,005,267 513,679 1,518,946
N-03868-C MECHANICAL SPARES 1/18/03 SES - 68,665 68,665
N-04120-C MECHANICAL SPARES 1/22/03 QUAD - 53,878 53,878
999999 JOB ORDERS JANUARY 1/31/03 REF FAB SHOP - 32,845 32,845
N-04604-C CONCRETE FLOOR SLABS 2/20/03 SPC - 40,000 40,000
----------
TOTAL COMMITTED 16,410,782
CONTINGENCY BALANCE 470,292 (402,074) 68,218
TOTAL PROJECT 16,479,000 - 16,479,000
Page 2 RTI
May 23, 2002 4 Stand Revamp
REPUBLIC TECHNOLOGIES INTERNATIONAL
4 STAND REVAMP
TECHNICAL SPECIFICATIONS
SES Proposal No. 12916-E
May 23, 2002
1.0 4 STAND MILL SHEAR DELIVERY TABLES
1.1. SES will supply twenty-six (26) rolls from parting shear to the
cooling bed. See SES Drawing No. 12916A-04.
1.2. Table will consist of twenty-six (26) case iron rolls total.
1.3. Each roll will be 12" diameter, supported on 3 7/16" steel pillow
blocks.
1.4. Each roll will be driven by one (1) 7-1/2 HP gearmotor designed to
propel product at 60 to 600 FPM.
1.5. Table will consist of complete roll with drive assembly and table
frame to concrete.
1.6. Tables will be provided with aprons and iron side guides.
1.7. Table will require approximately fifty two (52) lubricated points.
1.8. Total table weight is 83,000#.
2.0 COOLING BED ENTRY TABLE
2.1. SES will supply a twenty-four (24) roll cooling bed entry table. See
Drawing No. 12916A-01 and -06.
2.2. Each roll will be 12" diameter and will be cast iron.
2.3. Roll will be cantilevered on 3 7/16" steel pillow blocks.
2.4. Each roll will be driven by one (1) 5 HP gear motor designed to
propel product at 60 to 600 FPM.
2.5. Table will have cast iron guiding.
2.6. Table will require approximately forty-eight (48) lubrication
points.
2.7. Total table weight is 125,000#.
3.0 BAR KICK-IN DEVICE
3.1. SES will furnish one (1) bar kick-in device similar to that shown on
Drawing Xx. 00000X-00, -00, -00, -00.
3.2. The bar kick-in device will be an iron type kick-in assembly with an
articulating pivot pin lift arrangement.
3.3. This kick-in device will be activated via an electro-mechanical
drive assembly.
3.4. An electro-mechanical bar transfer is provided at the first notch of
the cooling bed. This device will transfer the bar to the second
notch.
3.5. Bar transfer device will be powered by 7-1/2 HP AC motor on each
bed.
3.6. Approximately 120 lubrication points will be required.
3.7. Total weight of bar kick-in system is 60,000#.
4.0 COOLING BED
4.1. Cooling bed will be similar to SES Reference Drawing Nos. 12916A-01
and -02.
4.2. Cooling bed will be an electro-mechanical type bed consisting of two
(2) independent halves with individual lift and traverse. Each half
will be 52'-0" wide.
Page 3 RTI
May 23, 2002 4 Stand Revamp
4.3. Life till be accomplished via two (2) 250 HP DC electric motors
coupled to a parallel shaft gear reducer with double output shafts.
Gear reducer will have a 96:1 ratio.
4.4. The lift gearbox will be coupled to eccentrics, which will be
supported on both sides by anti-friction bearings and connected to
the lifting pull rod.
4.5. The traverse assembly will consist of two (2) 30 HP DC motors
coupled to 97:1 gear ratio, parallel shaft reducers. These reducers
will have double extended output shafts.
4.6. DC motors will be supplied with air-over blowers.
4.7. Output shafts will be connected to eccentric cranks, which in turn,
connect to the pull rods for rolling the bed in a North-South
direction.
4.8. Bed will be counter weighted. Billets for counterweight to be
supplied by RTL.
4.9. Bed will roll round product with each walk.
4.10. Bed will be designed for 3"-7" rounds.
4.11. Total number of lubrication points required is approximately 320.
4.12. Total weight of cooling bed is 1,460,000#. The weight of each half
is 730,000#.
Total weight is 1,460,000 for both halves.
5.0 SAW TABLE
5.1. SES will supply fifty-five (55) rolls in the saw table line.
5.2. Rolls will be similar to that shown on SES Drawing No. 12916A-05.
5.3. Each roll will be 12" diameter supported bon 3 7/16" steel pillow
blocks.
5.4. Each roll will be driven by one (1) 7-1/2 HP gear motor designed to
propel product at 250 FPM.
5.5. Table will consist of complete roll with drive assembly, and table
frame to concrete.
5.6. Tables will be provided with steel side guides.
5.7. Two (2) fixed end stops will be provided.
5.8. One (1) disappearing stop will be provided.
5.9. Table will require approximately 106 lubrication points.
5.10. Total table weight is 151,000#.
6.0 COOLING BED SURGE TABLE AND LETDOWNS
6.1. SES will provide two (2) cooling bed surge tables and letdowns
similar to that shown on SES Drawing No. 12916-B.
6.2. Cooling bed discharge table will be heavy steel gravity ramps
connecting the bed to the saw line table.
6.3. Each cooling bed will have one (1) pneumatic singulator and one (1)
pneumatic hold back device for accumulating up to two (2) layers of
product ahead of the saw line conveyor table.
6.4. Once product has been advanced to the saw line conveyor table, a
hydraulic operated butterfly letdown device will allow the products
to be lowered onto the saw line table.
6.5. The butterfly letdown arms will be mounted on iron pillow blocks and
will be pull rod activated via hydraulic cylinder.
6.6. Total lubrication points will be approximately 60.
7.0 SLOW COOLED BUCKS
7.1. One (1) 52' wide section of slow cooled bucks will be provided on
one (1) of the cooling beds.
7.2. This slow cooled buck will be designed to hold 7-1/2 ton of product.
7.3. Slow cooled buck will be provided with a pneumatic holdback
assembly, which will hold product at the saw line table or allow the
product to be placed into the buck.
Page 4 RTI
May 23, 2002 4 Stand Revamp
7.4. Total lubrication points will be approximately fifteen (15).
8.0 SAWLINE SHIPPING CRADLES
8.1. SES will provide two (2) 40' section of saw line shipping cradles
similar to that shown on SES Drawing NO. 12916-C.
8.2. Product on the saw line table will be raised off of the table by a
butterfly assembly.
8.3. Butterfly assembly will pivot on steel pillow blocks with bushings
via hydraulic cylinders.
8.4. After product exists the table, two (2) sets of pneumatic holdback
assemblies will be provided for holding two (2) layouts of product
ahead of the shipping cradles.
8.5. Each shipping cradle will be designed for 14' to 40' of product
length.
8.6. Each shipping cradle will be designed for a maximum of 22" diameter
bundle and 7-1/2 ton capacity.
8.7. One (1) hydraulic power unit will be supplied for operation of the
butterfly systems for the saw line and the slow cool bucks.
8.8. Total lubrication points will be approximately twenty-four (24).
9.0 ELECTRICAL SENSOR MOUNTING
9.1. SES will provide electrical sensor mounting for the entire 4 stand
project on equipment supplied by SES.
9.2. SES will work with Quad Engineering on sensor device location and
mounting.
9.3. All sensors are provided in Quad's scope of supply.
9.4. All wiring of sensors will be pre-wired where possible.
10.0 LUBRICATION
10.1. SES has provided all hoses, fittings, and lot length of lubrication
lines for lubrication system required on the cooling bed.
10.2. Because of the method that the cooling bed is disassembled and
shipped, all lubrication labor will be provided by the field
installation contractor.
10.3. All roller tables will be pre-plumbed to central blocks for hook up
by installation contractor.
10.4. Any other, parts, which cannot be shipped as assemblies, win be
provided will lubrication line and hoses and fittings, but labor
will be provided by installation contractor.
10.5. SBS has not provided the main lubrication header lines, or the
automatic lubrication pumps for any equipment on this project
11.0 PAINTING
11.1. All machined surfaces will be free of paint and covered with a
removable protective coating (oil film or equal).
11.2. All non-machined surfaces will be free of loose scale/rust and
painted with one (1) coat or red oxide primer and one (1) coat of
machinery enamel -- color to be advised.
12.0 DOCUMENTATION
12.1. Manuals
12.1.1. Three (3) sets of operating and maintenance manuals will be
supplied with the equipment.
12.1.2. Standard product brochures will be included where readily
available
12.2. Drawings
Page 5 RTI
May 23, 2002 4 Stand Revamp
12.2.1. All general arrangement and assembly drawing(s) complete
with itemized parts list will be provided.
12.2.2. Drawings will be prepared on AutoCAD R14 -- electronic file
will be provided on compact disk.
12.2.3. Drawings will generally be "D" size.
Page 6 RTI
May 23, 2002 4 Stand Revamp
MOTOR LIST
EQUIPMENT
NO. DESCRIPTION MOTORS
------------------------------------------------------------------------------------------------------
1.0 Shear Run-Out -- 26 Rolls Table speed = shear table speed
(26) 7 1/2 @ 1750 RPM AC VF
Table speed = 700 FPM max.
2.0 Cooling Bed Entry Roll Table -- (24) 5 HP @ 1750 RPM AC VF
24 Rolls Table speed = 700 FPM max.
3.0 Cooling Bed Eatry Kick-In Device (2) 60 HP @ 1750 RPM AC FVNR
4.0 Bar Transfer Device (2) 7 1/2 @ 1750 HP AC @ 1750 RPM
5.0 Cooling Bed Lift (2) MD 814 250 HP @ 1020 RPM 460VDC
Max load = 200% base rating
5.1 Motor Blower (2) 5 HP 230/460/3/60
5.2 Brake (2) 19" DC type shoe brake.
6.0 Cooling Bed Traverse (2) MD 804 30 HP @ 1530 RPM 460VDC04
Max load = 200% base rating
6.1 Motor Blower (2) 1 HP 230/460/3/60
6.2 Brake (2) 10" DC type shoe brake
7.0 Hydraulic Power Unit 15 HP @ 1200 RPM AC
8.0 Saw Tables (55) 7 1/2 HP AC @ 1750 RPM
QUAD ENGINEERING SCOPE OF WORK
REPUBLIC TECHNOLOGIES INTERNATIONAL Section: 04
4 STAND MILL UPGRADE NEW EQUIPMENT
Specification: 2862MS001 Rev. 1 Page No. 9
4. MECHANICAL EQUIPMENT
4.1. MILL ENTRY PINCH ROLL
Detail design and supply only of one (1) pinch roll assembly.
The pinch roll unit will be located directly in front of the first
vertical stand and will be used to assist in entering the feedstock
into the rolls.
The unit will consist of a bottom roller mounted in pillow blocks on
vertically, manually adjustable base frame. The top roll mounted in
antifriction bearings on a pivoting arm that is attached to the main
frame. The top roll is raised and lowered by hydraulic cylinders to
provide grip to the billet for mill entry. Top and bottom rolls are
driven and water cooled.
The rolls will be designed to accept rounds.
Foundation outline drawings and loading information will be
provided.
If possible, lubrication points will be prepiped with stainless
steel tubing to distribution blocks for connection to centralized
lubrication system. Supply of lubrication system and interconnection
to block by others.
4.2. NEW SCREWDOWN DRIVES
Detail design and supply only of four (4) screwdown drive
assemblies.
Each screwdown for stands V1/H2/V3/H4 will be upgraded to be driven
by one (1) new 5 hp. gearmotor. New brackets as required to mount
new drive units to existing screwdown mechanisms are also being
supplied.
4.3. ROLL CHANGE RIG ASSEMBLIES
Detail design and supply only of two (2) roll change rig assemblies
for stands H2 and H4.
A roll change rig will consist of a fabricated steel sled to support
the roll and chock package for insertion into and extraction from of
the mill housing. The sled will slide on and be guided by a
fabricated steel frame, permanently mounted to the mill floor, and
will be actuated by a hydraulic cylinder.
Detail design and supply of components only for required
modifications to the existing roll chocks for accommodation by the
new sleds are included.
One (1) sliding and one (1) fixed floor plate, per roll change rig,
are included.
Hydraulic valving for each roll change rig is included.
Foundation outline drawings and loading information will be
provided.
4.4. ENTRY AND DELIVERY GUIDES
Detail design and supply only of one (1) complete fill of entry and
delivery guides to roll rounds 3" diameter to 6-1/2" diameter for
stands V1/H2/V3/H4.
QUAD ENGINEERING SCOPE OF WORK
REPUBLIC TECHNOLOGIES INTERNATIONAL Section: 04
4 STAND MILL UPGRADE NEW EQUIPMENT
Specification: 2862MS001 Rev. 1 Page No. 10
Center adjust roller entries are provided for stands V1/H2/V3/H4.
The rollers are AISI 4140 and the profiled inserts are 416 stainless
steel.
Static nodular iron delivery guides are provided for stands
V1/H2/V3/H4.
4.5. REST BARS
Detail design and supply only of eight (8) adjustable rest bars for
stands V1/H2/V3/H4.
4.6. AXIAL ADJUST MECHANISM
Detail design and supply only of two (2) new axial adjustment
mechanisms for . stands H2 and H4.
Detail design and supply only of components to mount new axial
adjustment mechanisms on existing chocks and mill stand housing is
included.
Detail design only of modifications to existing chocks and mill
stand housing to accommodate new components for mounting of now
axial adjustment mechanisms.
Axial adjustment is provided for one bottom roll only - the top roll
is fixed.
4.7. INTER STAND TROUGHS AND FLOOR PLATES
Detail design and supply only of three (3) inter stand troughs
between V1, H2 and X0, X0 xxx X0, X0.
Detail design and supply only floor plates for H2 and H4 for roll
change rig.
4.8. LAP GAUGE SUPPORT
Detail design and supply only of one (1) fabricated steel support to
mount the new LAP gauge (supplied by RTI)
Foundation outline drawings and loading information will be provided
4.9. GAUGE BEAMS
Detail design and supply only two (2) gauge beams.
Two (2) gage beam assemblies are required for the tow (2) fixed saw
system. The gage beam after the first fixed saw will gage product
from 14' to 40'. The gage beam after the second fixed saw will gage
product from 14' to 40'.
The gauge beam consists of a long fabricated beam bolted to the mill
foundations to which is fitted a traveling measuring head. The
measuring head is designed to minimize cut length variation and has
the following functions built into the design:
- Supported by four (4) wheels on the beam with two (2) wheels
driven by electronic gearmotor for cut length variation.
- Head clamping to gage beam.
- Raising lowering stop head by air cylinder for shock
absorption due to moving bars.
- Lifting/lowering stop plate in case of stop plate resting on
roller.
10
QUAD ENGINEERING SCOPE OF WORK
REPUBLIC TECHNOLOGIES INTERNATIONAL Section: 04
4 STAND MILL UPGRADE NEW EQUIPMENT
Specification: 2862MS001 Rev. 1 Page No. 11
4.9.1 Gage Beam
The beam will be fabricated from heavy steel plate and
machined to accept the traveling gage head with wheels. The
beam will be supported with two gooseneck supports from one
side of the beam. The supports will be bolted to the mill
foundations and fabricated from heavy steel plate. The gauge
beam will be bolted to the gooseneck supports.
The beam. will be of sufficient length for the gage head to
measure 14' to 40' long bars.
The gauge beam will be provided with a painted-on scale or
other means of visually determining the approximate gauge head
position.
4.9.2 Gage Head
Main Frame:
Fabricated from heavy steel plate, the frame will be machined
and drilled for the following sub items:
- Wheels and drive:
Four (4) fabricated brackets are supplied with each
holding one wheel. The wheel brackets are bolted to the
main frame and support the frame on the beam.
Two (2) wheels are driven by a chain sprocket system
from a gear motor fastened to the main frame.
Stop head.
A pivoting stop head is located to the main frame. A
large bore air cylinder achieves raising and lowering of
the head. In the down position, the cylinder also
absorbs shock loads caused by moving bars.
Foundation outline drawings and loading information will be
provided.
4.10. COLD SAW ENCLOSURES
Design and supply only of two (2) fabricated steel saw enclosures.
Environmental enclosure over each saw approximately 15' x 20' to
contain fumes and sound.
One (1) fume extraction system per cold saw will be supplied.
Enclosures will be designed to mount on the travel frame of the cold
saws (supplied by RTI).
The enclosures would have a lift out roof panel. As much equipment
as possible win be located outside the enclosures.
11
QUAD ENGINEERING SCOPE OF WORK
REPUBLIC TECHNOLOGIES INTERNATIONAL Section: 04
4 STAND MILL UPGRADE NEW EQUIPMENT
Specification: 2862MS001 Rev. 1 Page No. 12
Design will incorporate access door to permit operations and blade
changing as necessary.
4.11. COLD SAW BLADE CHANGES JIB CRANES
Design and supply only of two (2) jib cranes.
Each jib crane will consist of a one (1) ton electric hoist and
manual trolley suitability mounted for the purposes on blade change
operations.
Detail design and supply only of one (1) saw blade storage rack per
cold saw is also included.
4.12. SWARF AND SCRAP REMOVAL
Design and supply only of four (4) 10 ton capacity scrap boxes to
permit the collection and removal of swarf and scrap.
Chutes required to direct scrap and swarf into the scrap boxes will
be provided
Foundation outline drawings and loading information will be provided
4.13. SWARF WATER SYSTEM
Design and equipment supply only for a swarf system for each saw as
required by saw manufacturer.
Process water from existing scale water system (tie-in-point(s) and
interconnecting piping to be provided by RTI) will be sprayed to
wash down scarf from tunder saws Pump(s) will be provided to
recirculate swarf water back to the existing plant scale water
system (tie-in-point(s) and interconnecting piping to be provided by
RTI)
Note: All lubrication points will typically be manual unless noted
otherwise.
12
QUAD ENGINEERING SCOPE OF WORK
REPUBLIC TECHNOLOGIES INTERNATIONAL Section: 04
4 STAND MILL UPGRADE NEW EQUIPMENT
Specification: 2862MS001 Rev. 1 Page No. 13
5. EQUIPMENT UPGRADES
5.1. HORIZONTAL MILL STAND HOUSING
Detail design and supply only of components to upgrade the existing
horizontal mill stand housings H2 and H4 including:
- New mill housing liners
- New mill housing foot brassess
5.2. VERTICAL MILL STAND HOUSING
Detail design and supply of components only to upgrade the existing
vertical mill stand housings V1 and V3 including:
- New mill housing liners
5.3. "JOHNSTOWN" FLYING DIVIDE SHEAR
Detail design and supply only components to upgrade the existing
divide shear as follows:
- Top and bottom knife holder assemblies including bushings and
hardward.
- Design of knives (RTI supply).
- Head and tail and sampling system.
- Shear support frame.
- Crop chute components.
Foundation outline drawings and loadings will be provided.
5.4. ENTRY PINCH ROLL FOR "JOHNSTOWN" SHEAR
An analysis regarding the cut length accuracy and repeatability of
the final cut on any bar will be performed. From the result of the
analysis RTI will determine if the shear entry pinch roll will be
required.
If the pinch roll is required QEI will provide:
Detail design and supply one of support steel as required to
install the shear entry pinch roll (supplied by RTI) between
stand 4H and the "Johnstown" shear.
Detail design only of required modifications and supply of
miscellaneous support steel to modify the existing roller
table between stand 4H and existing divide shear.
Foundation outline and loading drawing will be provided
If the pinch roll not is required QHI will provide:
Detail design only of required modifications and supply of
miscellaneous support steel to modify the existing roller
table between stand 4H and existing divide shear.
Foundation outline and loading drawing will be provided
13
QUAD ENGINEERING SCOPE OF WORK
REPUBLIC TECHNOLOGIES INTERNATIONAL Section: 04
4 STAND MILL UPGRADE NEW EQUIPMENT
Specification: 2862MS001 Rev. 1 Page No. 14
6. ELECTRICAL EQUIPMENT
6.1. Four (4) Rockwell (Reliance) DC mill stand non-regenerative drives,
complete with:
- Reversible field regulators.
- Rated to power four (4) existing 1250 hp, 600V DC, 400/800RPM
Xxxxx-Xxxxxxxx Mill motors.
6.2. Two (2) 3,600 kVA, 13.8kV-575V mill drive isolation transformers.
- Dry type.
- One delta -- delta/wye and One delta -- delta/delta.
- Copper windings.
- Electrostatice shield.
- 150(degree)C temperature rise.
- Two (2) mill drives per transformer.
6.3. Two (2) 13.8kV, 600 Amp fused load break switches for the mill drive
isolation transformers.
6.4. Two (2) Rockwell (Reliance) DC shear drives complete with:
- Four (4) field regulators rated to power the existing four (4)
300 hp., 230V DC, 390RPM MD820 AEL series motors. (Johnstown
shear)
6.5. One (1) 1,900 kVA shear drive isolation transformer with dual
secondary
- One (1) for each shear drive
- Dry type, delta -- delta/wye
- Copper windings
- Electrostatic shield
- 150(degree)C temperature rise
6.6. One (1) 13.8kV, 600 Amp fused load break switches for the shear
drive isolation transformers.
6.7. One (1) GEC relay for the existing 13.8kV, 1,200 Amp breaker
6.8. One (1) 40 hp. DC and one (1) 30 hp. XX Xxxxxxxx drives for the mill
entry and shear pinch rolls. Drive will be supplied for modified
roller tables as required by mechanical equipment arrangement at the
"Johnstown" shear.
6.9. Four (4) Shp. V.F. AC drives to power the mill stand screwdown
motors.
6.10. Two (2) 100 hp. and two (2) 75 hp. V.F. AC drives for the cooling
bed run-in table
6.11. Two (2) 75 hp. V.F. AC drives for the cooling bed kick-off
6.12. Two (2) 10 hp. V.F. AC drives for the cooling bed transfer tables
6.13. Two (2) DC drives for two 250 hp. DC motors for the cooling bed rake
6.14. One (1) cooling bed rake drive isolation transformer with dual
secondary windings
- Copper windings
- Electrostatic shield
- 150(degree)C temperature rise
14
QUAD ENGINEERING SCOPE OF WORK
REPUBLIC TECHNOLOGIES INTERNATIONAL Section: 04
4 STAND MILL UPGRADE NEW EQUIPMENT
Specification: 2862MS001 Rev. 1 Page No. 15
- One (1) 13.8kV, 600 Amp fused load break.
6.15. Two (2) 30 hp. DC drives for the cooling bed rake traverse
mechanism.
6.16. Six (6) 75 hp. V.F. AC drives for the cooling bed run-out, saw and
cradles table motors.
6.17. Two (2) 10 hp. V.F. AC drives for the Gauge Beam heads
6.18. One (1) lot of MPP's (Motor Protection Panel) for the AC drives,
where multiple motors are fed from a single drive.
6.19. 480V Power Distribution
- One (1) MCC for the mill area equipment (Power obtained from
the existing mill MCC 11)
- One (1) 13.8kV, 600 Amp fused load break switches
- One (1) 1500 kVA 13.8 kV-480 V Dry type transformer, copper
windings, 150 (degree)C temperature rise
- One (1) MCC for the Saw area equipment, including two Saw
feeders
6.20. One (1) Mill Speed Control system, including:
- Controls for the screw downs, shear, pinch rolls, cooling bed,
run-in and run-out tables, and related auxiliary equipment
such as hydraulics, interface with the existing Mill Level 2
system.
- PLC - Xxxxx Xxxxxxx ControlLogix PLC, including Flex I/O
modules utilized in the remote I/O panel, consoles, et.
- HMI stations
& One (1) Mill Set Up
& One (1) Mill Control
& One (1) Engineering Work Station,
& One (1) Cooling Bed Bar Tracking station
& One (1) Saws station
6.21. One (1) lot sensors:
- HMD's,
- Resolvers/encoders, etc. (except sensors supplied with
machinery by others)
6.22. Operator Consoles:
- One (1) control console for mill and shear. (Location: Mill
pulpit)
- One (1) control console at the cooling bed.
- One (1) control console for saws and tables (Location: Saws
pulpit)
6.23. Pulpit:
- One (1) air-conditioned Mill Control Pulpit
- One (1) air-conditioned Saw Area Pulpit
6.24. One (1) Prefabricated Control Room (PCR) for the Cooling Bed and Saw
area equipment.
Note: Except for the Mill Stands, Shear and Cooling bed Drives all other
AC and DC drives will be equipped with the primary line reactors. AC
drives will also be equipped with the DB resistors.
15
PURCHASE ORDER
PAGE 1
INVOICE TO:
[REPUBLIC LOGO] Republic Technologies International
Attn: Accounts Payable
X.X. Xxx 0000
Xxxxxxxx, XX 00000-0000
DATE F.O.B. DUE DATE VIA PURCHASE ORDER NO.
06/17/2002 SHIPPING POINT 11/25/2002 CARRIER BEST WAY NST-54194-C
15733200
TO:
TRI-CAM INC
XX XXX 0000
XXXXXXXX, XX 00000-0000 SHIP TO:
REPUBLIC TECHNOLOGIES ACQ. LLP
BAR MILL MAINT OFC STOP #701
0000 XXXX 00XX XXXXXX
XXXXXX, XX 00000 [AI]
CONTACT: XXXXXXX, XXX
LINE QUANTITY DESCRIPTION UNIT UNIT PRICE NET PRICE
--------- -------- ---------------------------------------------------------- ---- ---------- ------------
01 1306,450 ABRASIVE BATCH TYPE CUT-OFF SAWS (QTY = 2) MODEL $ 1.00 1,306,450.00
CMI STATIONARY CAH 1525-T ABRASIVE SAWS INCLUDING:
MAIN STAND AND FRAME
SWARF COLLECTION (EXCLUDING BOXES)
CARRIAGE WITH CUTTING BOOM
GEARDRIVEN SPINDLE ASSEMBLY
ELECTRO/HYDRAULIC SERVO CONTROLLED INFEED DEVICE
HYDRAULIC DOWN FEED DEVICE WITH ELECTRONIC POSITIONING
AUTOMATIC STROKE SETTING
WHEEL CHANGE INDICATOR
MATERIAL CLAMPING DEVICE WITH TOP CLAMPS, SIDE CLAMPS
AND MATERIAL LIFTING DEVICE.
CROP DUMPING DEVICE FOR FRONT AND TAIL CROPS
BLADE CHANGE PICKER (TO WORK WITH JIB CRANE)
MAIN DRIVE 500HP AC DRIVE
OPERATORS CONTROL PANEL
ALL NECESSARY ELECTRICAL EQUIP & CONTROLS
ALL NECESSARY HYDRAULIC EQUIPMENT & CONTROLS
**MUST MEET OR EXCEED ALL PERFORMANCE SPECS AS DESCRIBED
IN RTI "AS PURCHASED SPECIFICATION"
PRICE OF $653,225 EA TO BE PAID WITH 15%
DOWN (NET 30 TERMS) FOLLOWED WITH (10) BI-MONTHLY PAYMENTS
BEGINNING 7/1/02 THRU 11/15/02. 5% WILL WILL BE PAID
N15 DAYS AFTER ACCEPTANCE OF SAWS AT TRI-CAM. THE XXXXX 0%
WILL BE PAID UPON SUCCESSFUL PERFORMANCE OF SAWS AT
RTI (NO LATER THAN 60 DAYS AFTER DELIVERY) (N15).
A 1% FEE PER WEEK FOR MAX OF 2 WEEKS WILL BE
TERMS:
Commodity: 41-09
NEXT DAY 00-0000-0000 CONTINUED ON PAGE 2
[BB/RCB 07/19 13:19] Buyer:
Buyer: X.X. XXXXXXXX Approved: /s/ RCB
000-000-0000 -------
Freight Bills, Bills of Lading, Packing Slips, and
invoices must include:
- Purchase Order Number
- Requisition Number
- Item Number
- Description of Material
- Blanket Order Item Number
- Shipping Point
- Ship To Address
- Terms of Payment
- Freight Prepaid or Collect
PURCHASE ORDER
PAGE 2
INVOICE TO:
[REPUBLIC LOGO] Republic Technologies International
Attn: Accounts Payable
X.X. Xxx 0000
Xxxxxxxx, XX 00000-0000
DATE F.O.B. DUE DATE VIA PURCHASE ORDER NO.
06/17/2002 SHIPPING POINT 11/25/2002 CARRIER BEST WAY NST-54194-C
15733200
TO:
TRI-CAM INC
XX XXX 0000
XXXXXXXX, XX 00000-0000 SHIP TO:
REPUBLIC TECHNOLOGIES ACQ. LLP
BAR MILL MAINT OFC STOP #701
0000 XXXX 00XX XXXXXX
XXXXXX, XX 00000 [AI]
CONTACT: XXXXXXX, XXX
LINE QUANTITY DESCRIPTION UNIT UNIT PRICE NET PRICE
--------- -------- --------------------------------------------------------- ---- ---------- ------------
CHARGED FOR ANY DELIVERY BEYOND 11/25/02
(PENDING FINALIZATION). Late shipment fees will
not be invoked if due to unpaid invoices beyond
agreed to terms at time of shipment.
PRICE INCLUDES (3) DAYS OF SETUP AND
FINALIZATION OF ON-SITE ADJUSTMENTS AT RTI.
All materials used in product manufacturing
must satisfy current governmental and safety
requirements for restricted, toxic, and
hazardous materials. Material Safety Data
Sheets (MSDS) must accompany first shipment or
whenever a MSDS is revised. Please mail MSDS to
the shipping address on this order.
SUBTOTAL: 1,306,450.00
TAX: 0.00
TERMS:
Commodity: 41-09
NEXT DAY 00-0000-0000 TOTAL 1,306,450.00
[BB/RCB 07/19 13:19] Buyer:
Buyer: X.X. XXXXXXXX Approved:
000-000-000 -------
Freight Bills, Bills of Lading, Packing Slips, and
invoices must include:
- Purchase Order Number
- Requisition Number
- Item Number
- Description of Material
- Blanket Order Item Number
- Shipping Point
- Ship To Address
- Terms of Payment
- Freight Prepaid or Collect
10
[TRI-CAM, INC. LOGO]
0000 Xxxxxxxx Xxxxx
X.X. Xxx 0000
Xxxxxxxx, XX 00000-0000
Phone: 815/000-0000
Fax: 815/000-0000
Email: xxxxx@xxxxxxxxx.xxx
May 23, 2002
Republic Technologies
Attn: Xx. XX Xxxxxxxx
Subject: Abrasive Batch Type Cut-Off Saws Model CAH
CMI Budgetary Quotation No. Q-012-008
Project No. U2353
Dear Sir:
In response to your request, we are pleased to offer our quotation as follows:
ITEM A:
(1) One, CMI Stationery CAH 1525-T Abrasive Saw, including:
- Main stand and frame
- Swarf collection (excluding boxes)
- Carriage with cutting boom
- Gear driven spindle assembly
- Electro/hydraulic servo controlled infeed device
- Hydraulic down feed device with electronic positioning
- Automatic stoke setting
- Wheel change indicator
- Material clamping device with top clamps, side clamps and material lifting
device
- Crop dumping device for front and tail crops
- Crop stop adjustable
- Main drive with 500 HP AC drive
- Operator's control panel
- All necessary electrical equipment and controls
- All necessary hydraulic equipment and controls
- Excluding interconnecting wiring, piping and dutctwork.
As described in attached Technical Specification.
U.S. $653,225.00/ea(This Price based on Qty(2))
--------
