Exhibit 99.2 TERMINATION AGREEMENT TERMINATION AGREEMENT (this "Agreement"), dated as of May 9, 2001, terminating the Lock-Up Agreement, dated as of March 31, 1999 (the "Lock-Up Agreement"), by and among Allis-Chalmers Corporation, a Delaware...Termination Agreement • May 15th, 2001 • Allis Chalmers Corp • Misc industrial & commercial machinery & equipment • New York
BY AND AMONGMerger Agreement • May 15th, 2001 • Allis Chalmers Corp • Misc industrial & commercial machinery & equipment • Delaware
May 9, 2001 Pension Benefit Guaranty Corporation c/o Pacholder Associates, Inc. 8044 Montgomery Road, Suite 382 Cincinnati, OH 45236 Re: Allis-Chalmers Corporation Ladies and Gentlemen: Reference is made to (i) the Agreement (the "Agreement") dated...Agreement • May 15th, 2001 • Allis Chalmers Corp • Misc industrial & commercial machinery & equipment
