CREDIT AGREEMENT


     THIS AGREEMENT is entered into as of September 1, 1995, by and between
Baja Pacific Light Metals Inc., a California corporation ("Borrower"), and
WELLS FARGO BANK, NATIONAL ASSOCIATION ("Bank").

                                    RECITAL
                                    -------

     Borrower has requested from Bank the credit accommodation described below,
and Bank has agreed to provide said credit accommodation to Borrower on the
terms and conditions contained herein.

     NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Bank and Borrower hereby agree as follows:

                                   ARTICLE I
                                   ---------

                                  THE CREDIT
                                  ----------

     SECTION 1.1.   LINE OF CREDIT.

     (a)  LINE OF CREDIT.  Subject to the terms and conditions of this
Agreement, Bank hereby agrees to make advances to Borrower from time to time up
to and including September 1, 1996, not to exceed at any time the aggregate
principal amount of ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000.00)
("Line of Credit"), the proceeds of which shall be used working capital. 
Borrower's obligation to repay advances under the Line of Credit shall be
evidenced by a promissory note substantially in the form of 

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Exhibit A attached hereto ("Line of Credit Note"), all terms of which are
incorporated herein by this reference.

     (b)  LIMITATION ON BORROWINGS.  Outstanding borrowings under the Line of
Credit, to a maximum of the principal amount set forth above, shall not at any
time exceed an aggregate of eighty percent (80%) of Borrower's assigned
eligible accounts receivable. All of the foregoing shall be determined by Bank
upon receipt and review of all collateral reports required hereunder and such
other documents and collateral information as Bank may from time to time
require.  Borrower acknowledges that said borrowing base was established by
Bank with the understanding that, among other items, the aggregate of all
returns, rebates, discounts, credits and allowances for the immediately
preceding three (3) months at all times shall be less than five percent (5%) of
Borrower's gross sales for said period.  If such dilution of Borrower's
accounts for the immediately preceding three (3) months at any time exceeds
five percent (5%) of Borrower's gross sales for said period, or if there at any
time exists any other matters, events, conditions or contingencies which Bank
reasonably believes may affect payment of any portion of Borrower's accounts,
Bank, in its sole discretion, may reduce the foregoing advance rate against
eligible accounts receivable to a percentage appropriate to reflect such
additional dilution and/or establish additional reserves against Borrower's
eligible accounts receivable.

     As used herein, "eligible accounts receivable" shall consist solely of
trade accounts created in the ordinary course of

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Borrower's business, upon which Borrower's right to receive payment is absolute
and not contingent upon the fulfillment of any condition whatsoever, and in
which Bank has a perfected security interest of first priority, and shall not
include:

     (i)  any account which is past due more than twice Borrower's standard
selling terms;

    (ii)  that portion of any account for which there exists any right of set
off, defense or discount (except regular discounts allowed in the ordinary
course of business to promote prompt payment) or for which any defense or
counterclaim has been asserted;

   (iii)  any account which represents an obligation of any state or municipal
government or of the United States government or any political subdivision
thereof (except accounts which represent obligations of the United States
government and for which Bank's forms N-138 and N-139 have been duly executed
and acknowledged);

    (iv)  any account which represents an obligation of an account debtor
located in a foreign country except to the any such account, in Bank's
determination, is supported by a letter of credit or insured under a policy of
foreign credit insurance, in each case in form, substance and issued by a party
acceptable to Bank;

     (v)  any account which arises from the sale or lease to or performance of
services for, or represents an obligation of, an employee, affiliate, partner,
member, parent or subsidiary of Borrower;

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    (vi)  that portion of any account which represents interim or progress
billings or retention rights on the part of the account debtor;

   (vii)  any account which represents an obligation of any account debtor
when twenty percent (20%) or more of Borrower's accounts from such account
debtor are not eligible pursuant to (i) above;

  (viii)  that portion of any account from an account debtor which represents
the amount by which Borrower's total accounts from said account debtor exceeds
twenty-five percent (25%) of Borrower's total accounts;

    (ix)  any account deemed ineligible by Bank when Bank, in its sole
discretion, deems the creditworthiness or financial condition of the account
debtor, or the industry in which the account debtor is engaged, to be
unsatisfactory.

     SECTION 1.2.   INTEREST/FEES.

     (a)  INTEREST.  The outstanding principal balance of the Line of Credit
shall bear interest at the rate of interest set forth in the Line of Credit
Note.

     (b)  COMPUTATION AND PAYMENT.  Interest shall be computed on the basis of
a 360-day year, actual days elapsed.  Interest shall be payable at the times
and place set forth in the 

     (c)  COMMITMENT FEE.  Borrower shall pay to Bank a non-refundable
commitment fee for the Line of Credit equal to $1,500.00, which commitment fee
shall be due and payable in full on upon execution of this Agreement.

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     SECTION 1.3.   COLLECTION OF PAYMENTS.  Borrower authorizes Bank to
collect all interest and fees due under the Line of Credit by charging
Borrower's demand deposit account number 4888015138 with Bank, or any other
demand deposit account maintained by Borrower with Bank, for the full amount
thereof.  Should there be insufficient funds in any such demand deposit account
to pay all such sums when due, the full amount of such deficiency shall be
immediately due and payable by Borrower.

     SECTION 1.4.   COLLATERAL.

     As security for all indebtedness of Borrower to Bank pursuant to this
Agreement, Borrower grants to Bank security interests of first priority in all
Borrower's account receivable, rights to payments, general intangibles,
inventory and equipment.

     SECTION 1.5.   GUARANTIES.  All indebtedness of Borrower to Bank pursuant
to this Agreement shall be guaranteed by Pacific Baja Light Metals Holding Inc.
in the principal amount of One Million Five Hundred Thousand Dollars
($1,500,000.00), and by Naresh Saxena, S. K. Durairaj, Mugurdich Balabanian,
Lennart Renberg and Michael Joyce in the principal amount of Three Hundred
Thousand ($300,000.00) each as evidence by and subject to the terms of
guaranties in form and substance satisfactory to Bank.

     SECTION 2.1.   LEGAL STATUS.  Borrower is a corporation, duly organized
and existing and in good standing under the laws of the State of California,
and is qualified or licensed to do business (and is in good standing as a
foreign corporation, if applicable) in all jurisdictions in which such
qualification or

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licensing is required or in which the failure to so qualify or to be so
licensed could have a material adverse effect on Borrower.

     SECTION 2.2.   AUTHORIZATION AND VALIDITY.  This Agreement, the Line of
Credit Note, and each other document, contract and instrument required hereby
or at any time hereafter delivered to Bank in connection herewith
(collectively, the "Loan Documents") have been duly authorized, and upon their
execution and delivery in accordance with the provisions hereof will constitute
legal, valid and binding agreements and obligations of Borrower or the party
which executes the same, enforceable in accordance with their respective terms.

     SECTION 2.3.   NO VIOLATION.  The execution, delivery and performance by
Borrower of each of the Loan Documents do not violate any provision of any law
or regulation, or contravene any provision of the Articles of Incorporation or
By-Laws of Borrower's or result in any breach of or default under any contract,
obligation, indenture or other instrument to which Borrower is a party or by
which Borrower may be bound.

     SECTION 2.4.   LITIGATION.  There are no pending, or to the best of
Borrower's knowledge threatened, actions, claims, investigations, suits or
proceedings by or before any governmental authority, arbitrator, court or
administrative agency which could have a material adverse effect on the
financial condition or operation of Borrower other than those disclosed by
Borrower to Bank in writing prior to the date hereof.

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     SECTION 2.5.   CORRECTNESS OF FINANCIAL STATEMENT.  The financial
statement of Borrower dated, June 30, 1995, a true copy of which has been
delivered by Borrower to Bank prior to the date hereof, (a) is complete and
correct and presents fairly the financial condition of Borrower, (b) discloses
all liabilities of Borrower that are required to be reflected or reserved
against under generally accepted accounting principles, whether liquidated or
unliquidated, fixed or contingent, and (c) has been prepared in accordance with
generally accepted accounting principles consistently applied.  Since the date
of such financial statement there has been no material adverse change in the
financial condition of Borrower, nor has Borrower mortgaged, pledged, granted a
security interest in or otherwise encumbered any of its assets or properties
except in favor of Bank or as otherwise permitted by Bank in writing.

     SECTION 2.6.   INCOME TAX RETURNS.  Borrower has no knowledge of any
pending assessments or adjustments of its income tax payable with respect to
any year.

     SECTION 2.7.   NO SUBORDINATION.  There is no agreement, indenture,
contract or instrument to which Borrower is a party or by which Borrower may be
bound that requires the subordination in right of payment of any of Borrower's
obligations subject to this Agreement to any other obligation of Borrower.

     SECTION 2.8.   PERMITS, FRANCHISES.  Borrower possesses, and will
hereafter possess, all permits, franchises and licenses required and rights to
all trademarks, trade names, patents, and fictitious names, if any, necessary
to enable it to conduct the 

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business in which it is now engaged in compliance with applicable law.

     SECTION 2.9.   ERISA.  Borrower is in compliance in all material respects
with all applicable provisions of the Employee Retirement Income Security Act
of 1974, as amended or recodified from time to time ("ERISA"); Borrower has not
violated any provision of any defined employee pension benefit plan (as defined
in ERISA) maintained or contributed to by Borrower (each, a "Plan"); no
Reportable Event as defined in ERISA has occurred and is continuing with
respect to any Plan initiated by Borrower; Borrower has met its minimum funding
requirements under ERISA with respect to each Plan; and each Plan will be able
to fulfill its benefit obligations as they come due in accordance with the Plan
documents and under generally accepted accounting principles.

     SECTION 2.10.  OTHER OBLIGATIONS.  Borrower is not in default on any
obligation for borrowed money, any purchase money obligation or any other
material lease, commitment, contract, instruments to obligation.

     SECTION 2.11.  ENVIRONMENTAL MATTERS.  Except as disclosed by Borrower to
Bank in writing prior to the date hereof, Borrower is in compliance in all
material respects with all applicable Federal or state environmental, hazardous
waste, health and safety statutes, and any rules or regulations adopted
pursuant thereto, which govern or affect any of Borrower's operations and/or
properties, including without limitation, the Comprehensive Environmental
Response, Compensation and Liability 

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Act of 1980, the Superfund Amendments and Reauthorization Act of 1986, the
Federal Resource Conservation and Recovery Act of 1976, the Federal Toxic
Substances Control Act and the California Health and Safety Code, as any of the
same may be amended, modified or supplemented from time to time.  None of the
operations of Borrower is the subject of any Federal or state investigation
evaluating whether any remedial action involving a material expenditure is
needed to respond to a release of any toxic or hazardous waste or substance
into the environment.  Borrower has no material contingent liability in
connection with any release of any toxic or hazardous waste or substance into
the environment.

                                  ARTICLE III
                                  -----------

                                  CONDITIONS
                                  ----------

     SECTION 3.1.   CONDITIONS OF INITIAL EXTENSION OF CREDIT.  The obligation
of Bank to extend any credit contemplated by this Agreement is subject to the
fulfillment to Bank's satisfaction of all of the following conditions:

     (a)  APPROVAL OF BANK COUNSEL.  All legal matters incidental to the
extension of credit by Bank shall be satisfactory to Bank's counsel.

     (b)  DOCUMENTATION.  Bank shall have received, in form and substance
satisfactory to Bank, each of the following, duly executed:

     (i)  This Agreement and the Note 

    (ii)  Corporate Borrowing Resolution

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   (iii)  Certificate of Incumbency

    (iv)  Articles Incorporation

     (v)  Security Agreement - Equipment, Rights to Payment and Inventory.

    (vi)  UCC Financial Statement

   (vii)  Continuing Guaranties

  (viii)  Such other documents as Bank may require under any other Section
          of this Agreement.

     (c)  FINANCIAL CONDITION.  There shall have been no material adverse
change, as determined by Bank, in the financial condition or business of
Borrower or any guarantor hereunder, nor any material decline, as determined by
Bank, in the market value of any collateral required hereunder or a substantial
or material portion of the assets of Borrower or any such guarantor.

     (d)  INSURANCE.  Borrower shall have delivered to Bank evidence of
insurance coverage on all Borrower's property, in form, substance, amounts,
covering risks and issued by companies satisfactory to Bank, and where required
by Bank, with loss payable endorsements in favor of Bank, including without
limitation, policies of fire and extended coverage insurance covering all real
property collateral required hereby, with replacement cost and mortgagee loss
payable endorsements, and such policies of insurance against specific hazards
affecting any such real property as may be required by governmental regulation
or Bank.

     SECTION 3.2.   CONDITIONS OF EACH EXTENSION OF CREDIT.  The obligation of
Bank to make each extension of credit requested by Borrower hereunder shall be
subject to the fulfillment to Bank's satisfaction of each of the following
conditions:

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     (a)  COMPLIANCE.  The representations and warranties contained herein and
in each of the other Loan Documents shall be true on and as of the date of the
signing of this Agreement and on the date of each extension of credit by Bank
pursuant hereto, with the same effect as though such representations and
warranties had been made on and as of each such date, and on each such date, no
Event of Default as defined herein, and no condition, event or act which with
the giving of notice or the passage of time or both would constitute such an
Event of Default, shall have occurred and be continuing or shall exist.

     (b)  DOCUMENTATION.  Bank shall have received all additional documents
which may be required in connection with such extension of credit.

                                  ARTICLE IV
                                  ----------

                             AFFIRMATIVE COVENANTS
                             ---------------------

     Borrower covenants that so long as Bank remains committed to extend credit
to Borrower pursuant hereto, or any liabilities (whether direct or contingent,
liquidated or unliquidated) of Borrower to Bank under any of the Loan Documents
remain outstanding, and until payment in full of all obligations of Borrower
subject hereto, Borrower shall, unless Bank otherwise consents in writing:

     SECTION 4.1.   PUNCTUAL PAYMENTS.  Punctually pay all principal, interest,
fees or other liabilities due under any of the Loan Documents at the times and
place and in the manner specified therein, and immediately upon demand by Bank,
the

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amount by which the outstanding principal balance of the Line of Credit at any
time exceeds any limitation on borrowings applicable thereto.

     SECTION 4.2.   ACCOUNTING RECORDS.  Maintain adequate books and records in
accordance with generally accepted accounting principles consistently applied,
and permit any representative of Bank, at any reasonable time, to inspect,
audit and examine such books and records, to make copies of the same, and to
inspect the properties of Borrower.

     SECTION 4.3.   FINANCIAL STATEMENTS.  Provide to Bank all of the
following, in form and detail satisfactory to Bank:

     (a)  not later than 120 days after and as of the end of each fiscal year,
a reviewed consolidated and consolidating financial statement of Borrower,
Optima Wheel, Inc. and Pacific Baja Light Metals Holding Inc. prepared by a
certified public account and and acceptable to Bank, to include balance sheet
and income statement, statement of cash flow and all footnotes;

     (b)  not later than 45 days after and as of the end of each fiscal
quarter, a consolidated and consolidating financial statement of Borrower,
Optima Wheel, Inc. and Pacific Baja Light Metals Holding Inc. prepared by
Borrower, to include balance sheet and income statement;

     (c)  not later than 15 days after and as of the end of each month, a
borrowing base certificate, an inventory collateral report, an aged listing of
accounts receivable and accounts payable, and a reconciliation of accounts;

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     (d)  not later than 120 days after and as of the end of each calendar
year, a self-prepared financial statement of Naresh Saxene, S. K. Durairaj,
Mugurdich Balabanian, Lennart Renberg and Michael Joyce, to include balance
sheet and income statement , and within 30 days after filing, but in no event
later than each November 15th, copies of the filed Federal income tax returns
for such year for each individual listed above;

     (e)  from time to time such other information as Bank may reasonably
request.

     SECTION 4.4.   COMPLIANCE.  Preserve and maintain all licenses, permits,
governmental approvals, rights, privileges and franchises necessary for the
conduct of its business; and comply with the provisions of all documents
pursuant to which Borrower is organized and/or which govern Borrower's
continued existence and with the requirements of all laws, rules, regulations
and orders of any governmental authority applicable to Borrower and/or its
business.

     SECTION 4.5.   INSURANCE.  Maintain and keep in force insurance of the
types and in amounts customarily carried in lines of business similar to that
of Borrower, including but not limited to fire, extended coverage, public
liability, flood, property damage and workers' compensation, with all such
insurance carried with companies and in amounts satisfactory to Bank, and
deliver to Bank from time to time at Bank's request schedules setting forth all
insurance then in effect.

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     (a)  REPAYMENT.  The principal amount of the Term Loan shall be repaid in
accordance with the provisions of the Term Note.

     SECTION 4.9.   FINANCIAL CONDITION.  Maintain Borrower's Optima Wheel,
Inc.'s and Pacific Baja Light Metals Holding Inc.'s financial condition on a
consolidated basis as follows usi ng generally accepted accounting principles
consistently applied and used consistently with prior practices, except to the
extent modified by the following definitions:

     (a)  Working Capital not at any time less than $250,000.00, with "Working
Capital" defined as total current assets minus total current liabilities.

     (b)  Tangible Net Worth not at any time less than $5,000,000.00, with
"Tangible Net Worth" defined as the aggregate of total stockholders' equity
plus subordinated debt less any intangible assets.

     (c)  Total Liabilities divided by Tangible Net Worth not at any time
greater than 2.0 to 1.0, with "Total Liabilities" defined as the aggregate of
current liabilities and non-current liabilities less subordinated debt, and
with "Tangible Net Worth" as defined above.

     (d)  Pre-tax profit not less than $1.00 on a quarterly basis, determined
as of each fiscal quarter end.

     (e)  EBITDA Coverage Ratio not less than 2.0 to 1.0 as of each fiscal year
end, with "EBITDA" defined as net profit before tax plus interest expense (net
of capitalized interest expense), depreciation expense and amortization
expense, and with "EBITDA Coverage Ratio" defined as EBITDA divided by the
aggregate of

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total interest expense plus the prior period current maturity of long-term debt
and the prior period current maturity of subordinated debt.

     SECTION 4.10.  FINANCIAL CONDITION.  Maintain Borrower's financial
condition as follows using generally accepted accounting principles
consistently applied and used consistently with prior practices, except to the
extent modified by the

     (a)  Tangible Net Worth not at any time less than $2,000,000.00, with
"Tangible Net Worth" defined as the aggregate of total stockholders' equity
plus subordinated debt less any intangible assets.

     (b)  Total Liabilities divided by Tangible Net Worth not at any time
greater than 2.5 to 1.0, with "Total Liabilities" defined as the aggregate of
current liabilities and non-current liabilities less subordinated debt, and
with "Tangible Net Worth" as defined above.

     (c)  Pre-tax profit not less than $1.00 on a quarterly basis, determined
as of each fiscal quarter end.

     SECTION 4.11.  NOTICE TO BANK.  Promptly (but in no event more than five
(5) days after the occurrence of each such event or matter) give written notice
to Bank in reasonable detail of:
(a) the occurrence of any Event of Default, or any condition, event or act
which with the giving of notice or the passage of time or both would constitute
an Event of Default; (b) any change in the name or the organizational structure
of Borrower, or any action, claim, investigation, suit or proceeding pending or
asserted by or before any governmental authority, arbitrator,

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court or administrative agency challenging or denying Borrower's qualification
for tax treatment as if it were a partnership for income tax purposes; (c) the
occurrence and nature of any Reportable Event or Prohibited Transaction, each
as defined in ERISA, or any funding deficiency with respect to any Plan; or
(d) any termination or cancellation of any insurance policy which Borrower is
required to maintain, or any uninsured or partially uninsured loss through
liability or property damage, or through fire, theft or any other cause
affecting Borrower's property.

                                   ARTICLE V
                                   ---------

                              NEGATIVE COVENANTS
                              ------------------

     Borrower further covenants that so long as Bank remains committed to
extend credit to Borrower pursuant hereto, or any liabilities (whether direct
or contingent, liquidated or unliquidated) of Borrower to Bank under any of the
Loan Documents remain outstanding, and until payment in full of all obligations
of Borrower subject hereto, Borrower will not without Bank's prior written
consent:

     SECTION 5.1.   USE OF FUNDS.  Use any of the proceeds of any credit
extended hereunder except for the purposes stated in Article I hereof.

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                                  ARTICLE VI
                                  ----------

                               EVENTS OF DEFAULT
                               -----------------

     SECTION 6.1.   The occurrence of any of the following shall constitute an
"Event of Default" under this Agreement:

     (a)  Borrower shall fail to pay when due any principal, interest, fees or
other amounts payable under any of the Loan Documents.

     (b)  Any financial statement or certificate furnished to Bank in
connection with, or any representation or warranty made by Borrower or any
other party under this Agreement or any other Loan Document shall prove to be
incorrect, false or misleading in any material respect when furnished or made.

     (c)  Any default in the performance of or compliance with any obligation,
agreement or other provision contained herein or in any other Loan Document
(other than those referred to in subsections (a) and (b) above), and with
respect to any such default which by its nature can be cured, such default
shall continue for a period of twenty (20) days from its occurrence.

     (d)  Any default in the payment or performance of any obligation, or any
defined event of default, under the terms of any contract or instrument (other
than any of the Loan Documents) pursuant to which Borrower or any guarantor
hereunder has incurred any debt or other liability to any person or entity,
including Bank.

     (e)  The filing of a notice of judgment lien against Borrower or any
guarantor hereunder; or the recording of any abstract of judgment against
Borrower or any guarantor hereunder

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in any county in which Borrower or such guarantor has an interest in real
property; or the service of a notice of levy and/or of a writ of attachment or
execution, or other like process, against the assets of Borrower or any
guarantor hereunder; or the entry of a judgment against Borrower or any
guarantor hereunder.

     (f)  Borrower or any guarantor hereunder shall become insolvent, or shall
suffer or consent to or apply for the appointment of a receiver, trustee,
custodian or liquidator of itself or any of its property, or shall generally
fail to pay its debts as they become due, or shall make a general assignment
for the benefit of creditors; Borrower or any guarantor hereunder shall file a
voluntary petition in bankruptcy, or seeking reorganization, in order to effect
a plan or other arrangement with creditors or any other relief under the
Bankruptcy Reform Act, Title 11 of the United States Code, as amended or
recodified from time to time ("Bankruptcy Code"), or under any state or Federal
law granting relief to debtors, whether now or hereafter in effect; or any
involuntary petition or proceeding pursuant to the Bankruptcy Code or any other
applicable state or Federal law relating to bankruptcy, reorganization or other
relief for debtors is filed or commenced against Borrower or any guarantor
hereunder, or Borrower or any such guarantor shall file an answer admitting the
jurisdiction of the court and the material allegations of any involuntary
petition; or Borrower or any such guarantor shall be adjudicated a bankrupt, or
an order for relief shall be entered against Borrower or any such guarantor by
any court of competent jurisdiction under the Bankruptcy Code or any

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other applicable state or Federal law relating to bankruptcy, reorganization or
other relief for debtors.

     (g)  There shall exist or occur any event or condition which Bank in good
faith believes impairs, or is substantially likely to impair, the prospect of
payment or performance by Borrower of its obligations under any of the Loan
Documents.

     (h)  The death or incapacity of any guarantor who is an individual
hereunder The dissolution or liquidation of Borrower or any guarantor
hereunder; or Borrower or any such guarantor, or any of its directors,
stockholders or members, shall take action seeking to effect the dissolution or
liquidation of Borrower or such guarantor.

     (i)  Any change in ownership during the term of this Agreement of an
aggregate of twenty-five percent (25%) or more of the common stock of Borrower.

     SECTION 6.2.   REMEDIES.  Upon the occurrence of any Event of Default: (a)
all indebtedness of Borrower under each of the Loan Documents, any term thereof
to the contrary notwithstanding, shall at Bank's option and without notice
become immediately due and payable without presentment, demand, protest or
notice of dishonor, all of which are hereby expressly waived by Borrower; (b)
the obligation, if any, of Bank to extend any further credit under any of the
Loan Documents shall immediately cease and terminate; and (c) Bank shall have
all rights, powers and remedies available under each of the Loan Documents, or
accorded by law, including without limitation the right to resort to any or all
security for any credit accommodation from Bank subject

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hereto and to exercise any or all of the rights of a beneficiary or secured
party pursuant to applicable law.  All rights, powers and remedies of Bank may
be exercised at any time by Bank and from time to time after the occurrence of
an Event of Default, are cumulative and not exclusive, and shall be in addition
to any other rights, powers or remedies provided by law or equity.

                                  ARTICLE VII
                                  -----------

                                 MISCELLANEOUS
                                 -------------

     SECTION 7.1.   NO WAIVER.  No delay, failure or discontinuance of Bank in
exercising any right, power or remedy under any of the Loan Documents shall
affect or operate as a waiver of such right, power or remedy; nor shall any
single or partial exercise of any such right, power or remedy preclude, waive
or otherwise affect any other or further exercise thereof or the exercise of
any other right, power or remedy.  Any waiver, permit, consent or approval Of
any kind by Bank of any breach of or default under any of the Loan Documents
must be in writing and shall be effective only to the extent set forth in such
writing.

     SECTION 7.2.   NOTICES.  All notices, requests and demands which any party
is required or may desire to give to any other party under any provision of
this Agreement must be in writing delivered to each party at the following
address:

     BORROWER: BAJA PACIFIC LIGHT METALS INC.
               15300 VALLEY VIEW
               LA MIRADA, CA 90638 - 522800

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     BANK:     WELLS FARGO BANK, NATIONAL ASSOCIATION
               NORTH ORANGE COUNTY RCBO
               100 NORTH HARBOR BLVD., SUITE 200
               ANAHEIM, CA 92805

or to such other address as any party may designate by written notice to all
other parties.  Each such notice, request and demand shall be deemed given or
made as follows:  (a) if sent by hand delivery, upon delivery; (b) if sent by
mail, upon the earlier of the date of receipt or three (3) days after deposit
in the U.S.  mail, first class and postage prepaid; and (c) if sent by
telecopy, upon receipt.

     SECTION 7.3.   COSTS, EXPENSES AND ATTORNEYS' FEES.  Borrower shall pay to
Bank immediately upon demand the full amount of all payments, advances,
charges, costs and expenses, including reasonable attorneys' fees (to include
outside counsel fees and all allocated costs of Bank's in-house counsel),
incurred by Bank in connection with (a) the negotiation and preparation of this
Agreement and the other Loan Documents, Bank's continued administration hereof
and thereof, and the preparation of any amendments and waivers hereto and
thereto, (b) the enforcement of Bank's rights and/or the collection of any
amounts which become due to Bank under any of the Loan Documents, and (c) the
prosecution or defense of any action in any way related to any of the Loan
Documents, including without limitation, any action for declaratory relief, and
including any of the foregoing incurred in connection with any bankruptcy
proceeding relating to Borrower.

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     SECTION 7.4.   SUCCESSORS, ASSIGNMENT.  This Agreement shall be binding
upon and inure to the benefit of the heirs, executors, administrators, legal
representatives, successors and assigns of the parties; provided however, that
Borrower may not assign or transfer its interest hereunder without Bank's prior
written consent.  Bank reserves the right to sell, assign, transfer, negotiate
or grant participations in all or any part of, or any interest in, Bank's
rights and benefits under each of the Loan Documents.  In connection therewith,
Bank may disclose all documents and information which Bank now has or may
hereafter acquire relating to any credit extended by Bank to Borrower, Borrower
or its business, any guarantor hereunder or the business of such guarantor, or
any collateral required hereunder.

     SECTION 7.5.   ENTIRE AGREEMENT; AMENDMENT.  This Agreement and the other
Loan Documents constitute the entire agreement between Borrower and Bank with
respect to any extension of credit by Bank subject hereto and supersede all
prior negotiations, communications, discussions and correspondence concerning
the subject matter hereof.  This Agreement may be amended or modified only by a
written instrument executed by each party hereto.

     SECTION 7.6.   NO THIRD PARTY BENEFICIARIES.  This Agreement is made and
entered into for the sole protection and benefit of the parties hereto and
their respective permitted successors and assigns, and no other person or
entity shall be a third party beneficiary of, or have any direct or indirect
cause of action or claim in connection with, this Agreement or any other of the
Loan Documents to which it is not a party.

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     SECTION 7.7.   TIME.  Time is of the essence of each and every provision
of this Agreement and each other of the Loan Documents.

     SECTION 7.8.   SEVERABILITY OF PROVISIONS.  If any provision of this
Agreement shall be prohibited by or invalid under applicable law, such
provision shall be ineffective only to the extent of such prohibition or
invalidity without invalidating the remainder of such provision or any
remaining provisions of this Agreement.

     SECTION 7.9.   GOVERNING LAW.  This Agreement shall be governed by and
construed in accordance with the laws of the State of California, except to the
extent Bank has greater rights or remedies under Federal law, whether as a
national bank or otherwise, in which case such choice of California law shall
not be deemed to deprive Bank of any such rights and remedies as may be
available under Federal law.

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the day and year first written above.

                                        WELLS FARGO BANK,
BAJA PACIFIC LIGHT METALS, INC.         NATIONAL ASSOCIATION


By:  /S/ MICHAEL J. JOYCE PRES          By:  /S/ FRANK J. WEBER  
   ----------------------------            ----------------------
     Michael J. Joyce                        Frank J. Weber
     President                               Vice President

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