Confidential portions of this document indicted by "*****" have been omitted
                    and filed separately with the Commission


                                 EASCO ALUMINUM
                                  DOLTON WORKS
                           14200 COTTAGE GROVE AVENUE
                             DOLTON, ILLINOIS 60419


                     FIXED-PRICE PURCHASE AND SALE AGREEMENT


This Agreement ("Agreement") dated May 1, 1998 is between EASCO ALUMINUM, DOLTON
WORKS. ("SELLER") FEATHERLITE MANUFACTURING ("BUYER"):

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,
1999.  This  Agreement  may  not  be  canceled  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 whether or not BUYER places  specific orders with SELLER as specified
in Item 3 below. 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. BUYER agrees to place  specific  firm orders with SELLER for the Product
at least twenty-eight (28) days prior to the requested shipment date which shall
specify the number of  pounds/feet/pieces of specific aluminum extrusion shapes.
SELLER  will  attempt  to  respond  to  BUYER's  order  requests  with less than
twenty-eight  (28) days lead time,  but shall be under no  obligation  to do so.
SELLER is required to  manufacture  and ship only  product for which  SELLER has
timely received firm orders.

     4. SELLER's  obligations  hereunder are subject to SELLER's credit approval
with respect to each shipment and to the  availability of financial  information
on BUYER, which, in the SELLER'S opinion, is adequate to demonstrate the BUYER's
financial  condition,  ability to pay for  shipments in  accordance  with agreed
terms of payment,  and  ability to support the volume of credit  extended by the
SELLER.

     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  under  this  Item 4 in full  within  the time  period
specified.

<PAGE>

     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.

     6. This  Agreement  (including  Schedule  A) shall  constitute  the  entire
agreement  between the parties  with  respect to the subject  matter  hereof and
shall not apply to any purchases by BUYER in excess of the  quantities set forth
in  Schedule  A. The terms of any such  excess  purchases  will be  governed  by
separate  agreement of the parties.  Except as specified in this Agreement,  the
term 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.

By:      Gary Ihrke                              By:      Joe Byers
Title:   Vice President Corporate Production     Title:   VP Sales and Marketing

Signature:                                       Signature:
FEATHERLITE MANUFACTURING                        EASCO ALUMINUM, DOLTON WORKS
            (BUYER)                              (SELLER)

Dated:   5/1/98                                  Dated:    5/1/98



<PAGE>


                                    EXHIBIT A

                                EASCO CORPORATION
                                  Dolton Works
                             14200 Cottage Grove Ave
                             Dolton, Illinois 60419
                               Phone: 708-861-8613
                                Fax: 708-841-8675

                                   SCHEDULE A
                     FIXED-PRICE PURCHASE AND SALE AGREEMENT

MATERIAL DESCRIPTION:
This  agreement   covers  standard   extrusions   currently  being  supplied  to
Featherlite  Manufacturing  ("Buyer")  by  Easco  Corporation  -  Dolton  Works,
("Seller") with specific  pounds/pieces/feet by specific shape to be supplied by
the Buyer.

DELIVERY
PERIOD:  January 1, 1999 through December 31, 1999.

QUANTITY:         ***** pounds per calendar month for a total of
                  ***** pounds.

PRICE:            $***** per pound of aluminum extrusion plus an additional
                  $***** per pound for hollows.

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

Packaging:        Standard - Bare Bundle.

Tolerance:        Aluminum Association standards to apply.

FOB:              Cresco, IA

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

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

FEATHERLITE MANUFACTURING (BUYER)                 EASCO CORPORATION (SELLER)

BY:      Gary Ihrke                               BY:      Joe Byers
TITLE:   Vice President Corporate Production      TITLE:   Vice President Sales
                                                           & Marketing

SIGNATURE:                                        SIGNATURE:

DATED:   5/1/98                                   DATED:   5/1/98