Ancillary Purchase AgreementAncillary Purchase Agreement • July 1st, 2005 • Stevermer Dennis J • Miscellaneous primary metal products
Concurrent with this letter (the "Agreement"), Dennis J. Stevermer ("Buyer") is entering into a Stock Purchase Agreement ("Stock Agreement") with J. Russell Duncan and Mimi G. Duncan. In connection therewith, Buyer offers this Agreement to purchase all of your outstanding shares of Class A common stock (6,666 shares, the "Shares"), coupled with and conditioned on a mandatory surrender of your stock options to purchase Class A common stock (exercisable to purchase 107,500 shares total, the "Options"), in Milastar Corporation ("Milastar"). By executing this Agreement and returning a copy to Buyer, you agree to the sale of your Shares and to surrender your Options as further described in and subject to the terms and conditions set forth herein.
