Confidential portions of this document indicated by ***** have been omitted and
filed

separately with the Commission

 

Exhibit 10.35

 

INDALEX

FIXED PRICE PURCHASE AND SALE AGREEMENT

 

This Agreement (“Agreement”) dated this 14th day of November, 2003, is between
Indalex, Inc. (“Seller”) and (“Buyer”) Featherlite Manufacturing.

 

Seller desires to sell certain goods to Buyer and Buyer desires to purchase
certain goods from Seller.

 

NOW THEREFORE, in consideration of these premises and the following mutual
agreements, the parties agree as follows:

 

  1. Seller will sell to Buyer, and Buyer will purchase from Seller, the
aluminum extrusions identified on Schedule A attached hereto (“Product”),
subject to the terms contained in this Agreement and the attached Schedule A.
The quantity, delivery dates, terms, and prices for product are also set forth
on Schedule A.

 

  2. This Agreement shall have a term from the date hereof to December 31, 2003.
This Agreement may not be cancelled by either party prior to the termination
date without the prior written consent of the other. Buyer acknowledges that
Seller intends to rely on this Agreement in fixing the prices and delivery dates
of its raw material purchases necessary to fulfill this Agreement and as such,
Buyer agrees to pay for the quantity specified on Schedule A. If Buyer cancels
this agreement, or otherwise refuses shipments hereunder, Seller is entitled to
recover any loss sustained from liquidating a metal position taken by the Seller
on behalf of Buyer.

 

  3. The pricing in this proposal is subject to Seller’s ability to hedge the
transaction. Seller will provide confirmation of the hedge immediately upon
execution.

 

  4. Seller’s obligations are subject to Seller’s credit approval with respect
to each shipment to Buyer. Payment terms for the Product shall be as set forth
in Schedule A. Seller’s obligation to continue shipments of product is
conditioned upon Buyer satisfying its payment obligations in full within the
time period specified.

 

  5. Either party’s failure, at any time or times hereafter, to require strict
performance by the other party of any provision of this Agreement shall not
constitute a waiver, or affect or diminish the right thereafter to demand strict
compliance and performance of this Agreement.

 

Price for the month prior to shipment subtracting the base Midwest metal price
of this Fixed Price Purchase and Sale Agreement.

 

A5. PAYMENT TERMS: Payment in full within thirty (30) days from date of
shipment.

 

A6. TOTAL DOLLAR VALUE OF CONTRACT: Approximately: $*****

 

A7. GOOD TO CALL (“GTC”) CONTRACT: No ¨ Yes x. Expiration Date: 12/31/03

 

If this is a GTC, and if the metal cannot be secured at the price indicated in
A3 by the expiration date, this contract becomes null and void. If the metal can
be secured by the expiration date, the customer will be notified in writing that
the metal has been secured.

 

A8. CONFIRMATION OF HEDGE:

 

Buyer:

Featherlite Manufacturing

Gary Ihrke

Vice-President of Operations

11/14/03

 

Seller:

Indalex, Inc

Valerie Valter

Metals Group

11/17/03

 

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Confidential portions of this document indicated by ***** have been omitted and
filed

separately with the Commission

 

Exhibit 10.35

 

SCHEDULE A

FIXED PRICE PURCHASE AND SALE AGREEMENT

 

A1. MATERIAL DESCRIPTION: This agreement covers standard extrusions currently
being supplied or quoted to Featherlite Manufacturing (“Buyer”) by Indalex, Inc.
(“Seller”) with specific pounds / pieces / feet by specific shape to be supplied
by Buyer.

 

A2. DELIVERY PERIOD: Start Date: January 1st, 2004 Finish Date: Dec. 31, 2004

 

A3. PRICE: $***** per pound of aluminum extrusion plus an additional $***** per
pound for solids. For a total of: $***** per pound for Solids. $***** per pound
for Hollows for a total of $***** per pound for Hollows.

 

A4. QUANTITY: Table A: Monthly Quantities (***** lbs)

 

1

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  2

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  3

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  4

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  5

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  6

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  7

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  8

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  9

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  10

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  11

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  12

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  Total

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Jan.
2004   Feb.
2004   Mar.
2004   Apr.
2004   May
2004   June
2004   July
2004   Aug.
2004   Sept
2004   Oct.
2004   Nov.
2004   Dec.
2004   12 *****
Lbs   *****
Lbs   *****
Lbs   *****
Lbs   *****
Lbs   *****
Lbs   *****
Lbs   *****
Lbs   *****
Lbs   *****
Lbs   *****
Lbs   *****
Lbs   *****
Lbs

 

The quantity of aluminum extrusion to be sold under the agreement, as set forth
in Table A above, may not be altered without the express written consent of
Seller and Buyer. Buyer expressly acknowledges that this is a firm,
non-cancelable take or pay agreement.

 

In the event that Buyer does not take the commitment each month as defined in
Table A, Buyer will reimburse Seller for any losses incurred. All monthly losses
will be settled by the end of the following month unless alternative
arrangements are mutually agreed upon by Seller and Buyer in writing.

 

The purchase price for extrusions purchased I excess of the pounds each month as
defined in Schedule A are to be based on the contract price adjusted up or down
for the change in published average Mid-West Transaction price for P1020. The
difference will be calculated by taking the difference between the average
Mid-West Transaction.

 

  6. This Agreement (including Schedule A) shall constitute the entire agreement
between the parties with respect to the Fixed Price Purchase and Sale Agreement.
Except as specified in this Agreement, the terms of sale and rights of the
parties with respect to any specific order shall be as set forth in Seller’s
order acknowledgement as provided from time to time.

 

  7. Seller shall not be liable for any defaults, damages, or delays in filling
any order caused by conditions beyond Seller’s control; including, but not
limited to, acts of God, strike, lockout, boycott, or other labor troubles, war,
riot, flood, new government regulation, terrorist acts or delays of Seller’s
supplies or subcontractors in furnishing materials or supplies due to one or
more of the foregoing or like causes.

 

  8. This Agreement is extended to subsidiaries and affiliates of the parties.

 

  9. All of the terms of this Agreement will be binding upon, to the benefit of
and be enforceable by and against the successors and authorized assigns of Buyer
and Seller.

 

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Confidential portions of this document indicated by ***** have been omitted and
filed

separately with the Commission

 

Exhibit 10.35

 

  10. Except as otherwise expressly provided in this Agreement, nothing in this
Agreement, express or implied is intended to confer upon any other person or
rights or remedies under or by reason of this Agreement, this Agreement being
for the exclusive benefit of the parties and their respective successors and
assigns.

 

  11. Neither party will assign any of its respective rights or obligations
under this Agreement to any other person without prior written consent of the
other party, which consent will not be unreasonably withheld.

 

  12. This Agreement shall be interpreted in accordance with the laws of the
State or the Province where the address of Seller is located as stated on the
face of this Agreement.

 

Buyer

Featherlite Manufacturing

     

Seller

Indalex, Inc

/s/ Gary Ihrke

     

/s/ Patrick Wooley

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Vice President of Operations

11/14/03

     

Regional VP

11/14/03