COMMITMENT AGREEMENT AMONG A.M. CASTLE & CO., TOTAL PLASTICS, INC., HY-ALLOY STEELS COMPANY, KEYSTONE TUBE COMPANY, LLC, KEYSTONE SERVICE, INC. AND THE COMMITMENT PARTIES HERETO Dated as of June 16, 2017Commitment Agreement • June 19th, 2017 • Castle a M & Co • Wholesale-metals service centers & offices
Page ARTICLE I DEFINITIONS 1 Section 1.1 Definitions 1 Section 1.2 Construction 10 ARTICLE II COMMITMENTS 11 Section 2.1 New Money Notes Commitments 11 Section 2.2 Opening Liquidity Amount 11 Section 2.3 Escrow Account Funding 11 Section 2.4 Commitment Party Default 11 Section 2.5 Closing 13 ARTICLE III PUT OPTION PAYMENT AND TRANSACTION EXPENSES 13 Section 3.1 Put Option Payment 13 Section 3.2 Transaction Expenses 14 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE A.M. CASTLE PARTIES 15 Section 4.1 Organization of the A.M. Castle Parties 15 Section 4.2 Organization and Capitalization of the A.M. Castle Parties 15 Section 4.3 Authority; No Conflict 16 Section 4.4 Proceedings 17 Section 4.5 Brokers or Finders 17 Section 4.6 Exemption from Registration 17 Section 4.7 Issuance 17 Section 4.8 No Violation or Default 18 Section 4.9 Intellectual Property 18 Section 4.10 Licenses and Permits 19 Section 4.11 Compliance With Environmental Laws 19
