EXHIBIT 10.03 June 5, 2001 International Knife & Saw, Inc. ("IKS") ATTN: William Schult 1299 Cox Avenue Erlanger, KY 41018 Dear Sirs: By this letter the undersigned agree, upon their acquisition of all of the shares of IKS Klingelnberg GmbH ("IKSK"),...Trading Arrangement Agreement • June 19th, 2001 • International Knife & Saw Inc • Cutlery, handtools & general hardware
