Exhibit B-1 LOAN AGREEMENT This Agreement, dated as of the ___ day of ____, 1998, by and between ______________________________ ("Lender"), a_ _______ corporation, and IRON DYNAMICS, INC. ("IDI"), an Indiana corporation. W I T N E S S E T H: WHEREAS,...Loan Agreement • June 15th, 1998 • Indiana Michigan Power Co • Electric services • Indiana
Exhibit B-2 Form of Promissory Note PROMISSORY NOTE IRON DYNAMICS, INC., an Indiana corporation (the "Company"), for value received, hereby promises to pay to the order of _______________________ , a(n) _____________ corporation ("Lender") the...Indiana Michigan Power Co • June 15th, 1998 • Electric services
IRON DYNAMICS, INC., an Indiana corporation (the "Company"), for value received, hereby promises to pay to the order of _______________________ , a(n) _____________ corporation ("Lender") the principal amount of SIX MILLION FIVE HUNDRED THOUSAND DOLLARS ($6,500,000) or, if less, the unpaid principal amount of Lender's Loans under the Loan Agreement dated as of ______________________, 1998, between the Company and Lender (the "Loan Agreement"). Capitalized terms used herein but not otherwise defined shall have the meanings given to them in the Loan Agreement. The principal of the Loans must be paid to Lender in accordance with the Loan Agreement. The Company also promises to pay interest to Lender on the unpaid principal amount of the Loans at the Interest Rate set forth in the Loan Agreement, as adjusted from time to time as set forth therein. All such principal and interest shall be payable in lawful money of the United States of America in same day or immediate funds at _____________
Exhibit B-3 GUARANTYIndiana Michigan Power Co • June 15th, 1998 • Electric services • New York
FOR VALUE RECEIVED and AS AN INDUCEMENT to you to enter into a loan agreement, and otherwise extend financial credit and accommodation, to Iron Dynamics, Inc., an Indiana corporation, with its principal place of business at__________________________ (hereinafter, the "Customer") pursuant to the terms of (i) a Loan Agreement dated __________________, 199_, (ii) Promissory Note dated ____________________________, 199_ in the principal amount of $6,500,000 (the "Note") and (iii) Purchase Money Security Agreement dated _____________________, 199_, each made by Customer in favor of you (together with any documents related thereto, individually and collectively referred to as "Loan Agreements"), and in consideration of your so doing, but without in any way binding you to do so, the undersigned hereby guarantees to you, your successors and assigns, the due, regular and punctual payment of any sum or sums of money which Customer now owes you or which Customer shall at any time or from time to
