EX-10.(i)(1)






EXHIBIT 10(i)(1)




KEYBANK NATIONAL ASSOCIATION




CONFIRMATION




	 	 	 
	To:

	 	CORE MOLDING TECHNOLOGIES, INC.
	 
	 	 
	 

	 	800 MANOR PARK DR.
	 

	 	COLUMBUS, OH 43228






	 	 	 
	Attn:

	 	HERMAN DICK
	Fax:

	 	hfdjr@coremt.com
	 
	 	 
	Duplicate
	 	 
	Confirm to:

	 	614-870-4027 MICHAEL DEL REGNO
	Client ID:

	 	1000351556~BOWEN
	 
	 	 
	From:

	 	KEYBANK NATIONAL ASSOCIATION
	Date:

	 	18-Dec-08
	Our Ref:

	 	225536/225536





The purpose of this letter agreement is to set forth the terms and conditions of the Swap
Transaction entered into between KEYBANK NATIONAL ASSOCIATION and CORE MOLDING TECHNOLOGIES, INC.
on the Trade Date Specified below (the “Swap Transaction”). This letter agreement constitutes a
“Confirmation” as referred to in the Swap Agreement specified below.





	 	1.	 	The definitions and provisions contained in the 2000 ISDA Definitions (the
“Definition”) as published by the International Swaps and Derivatives Association,
Inc. (“ISDA”) and amended from time to time, are incorporated into this Confirmation.






     If you and we are parties to an ISDA Master Agreement as published by ISDA and the
Schedule to such agreement that sets forth the general terms and conditions applicable
to Swap Transactions between us (a “Swap Agreement”), this Confirmation supplements,
forms a part of, and is subject to, such Swap Agreement. If you and we are not yet
parties to a Swap Agreement, this Confirmation will be a complete valid legal binding
agreement between us as supplemented by the general terms and conditions set forth in
the standard form ISDA Master Agreement copyright 1992 by ISDA (“standard ISDA form”).
All provisions contained or incorporated by reference in such Swap Agreement shall
govern this Confirmation except as expressly modified below. In the event of any
inconsistency between this Confirmation and the Definitions or the Swap Agreement or
the standard ISDA form if a Swap Agreement has not been entered into between us, this
Confirmation will govern.




     This Confirmation will be governed by and construed in accordance with the laws of
the State of New York, without reference to choice of law doctrine, provided that this
provision will be superseded by any choice of law provision in the Swap Agreement.




	 	2.	 	This Confirmation constitutes a Rate Swap Transaction under the Swap
Agreement and the terms of the Rate Swap Transaction to which this Confirmation
relates are as follows:




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CORE MOLDING TECHNOLOGIES, INC.

Our Ref: 225536/225536




	 	 	 
	Notional Amount:
	 	$12,000,000.00 USD Amortizing by $142,857.14 per month
	 
	 	 
	Trade Date:
	 	18-Dec-08
	 
	 	 
	Effective Date:
	 	01-May-09
	 
	 	 
	Termination Date:
	 	01-May-16
	 
	 	 
	Fixed Amounts:
	 	 
	Fixed Rate Payer:
	 	CORE MOLDING TECHNOLOGIES, INC.
	 
	 	 
	Fixed Rate Payer

Payment Dates:
	 	Commencing 01-Jun-09 and monthly thereafter on the 1st
calendar day of the month up to and including the Termination Date, subject to adjustment in accordance with Following Business Day Convention.
	 
	 	 
	Period End Dates:
	 	Monthly on the
1st commencing 01-Jun-09 subject to the No Adjustment.
	 
	 
	Fixed Rate:
	 	 2.29500%
	 
	 	 
	Fixed Rate Day
	 	 
	Count Fraction:
	 	Act/360
	 
	 	 
	Floating Amounts:
	 	 
	Floating Rate Payer:
	 	KEYBANK NATIONAL ASSOCIATION
	 
	 	 
	Floating Rate Payer
	 	 
	Payment Dates:
	 	Commencing 01-Jun-09 and monthly thereafter on the 1st
	 
	 	Calendar day of the month up to and including the
	 
	 	Termination Date, subject to adjustment in accordance with
	 
	 	Following Business Day Convention.
	 
	 	 
	Period End Dates:
	 	Monthly on the 1st commencing 01-Jun-09 subject to the No
	 
	 	Adjustment.
	 
	 	 
	Floating Rate for
Initial Calculation
Period Including
Spread:
	 	To Be Determined
	 
	 	 
	Floating Rate Option:
	 	USD-LIBOR-BBA
	 
	 	 
	Designated Maturity:
	 	1-Month
	 
	 	 
	Spread:
	 	None
	 
	 	 
	Floating Rate Day
	 	 
	Count Fraction:
	 	Act/360
	 
	 	 
	Reset Dates:
	 	The first day of each Floating Rate Payer Calculation Period.






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CORE MOLDING TECHNOLOGIS, INC.

Our Ref: 225536/225536




	 	 	 
	Calculation Agent:
	 	KEYBANK NATIONAL ASSOCIATION
	 
	 	 
	Business Days:
	 	London and New York
	 
	 	 
	Other Terms
	 	 
	And Conditions:
	 	None
	 
	 	 
	Payment Method:
	 	CHECKING ACCOUNT
	 
	 	 
	Please pay us at:
	 	KEYBANK NATIONAL ASSOCIATION
	 
	 	WE DEBIT YOUR CHECKING A/C #014511004013
	 
	 	 
	We will pay you at:
	 	KEYBANK NATIONAL ASSOCIATION
	 
	 	WE CREDIT YOUR CHECKING A/C #014511004013





Please confirm the forgoing correctly sets forth the terms of our Agreement by executing the copy
of this Confirmation enclosed for that purpose and returning it to us.




Regards,




KEYBANK NATIONAL ASSOCIATION




/s/ Margaret A. Valencik

Name: Margaret A. Valencik

Title:




Accepted and Confirmed as

of the Trade Date




CORE MOLDING TECHNOLOGIES, INC.




	 	 	 
	/s/ Herman F. Dick, Jr.
 

Name: Herman F. Dick, Jr.

	 	 
	Title: Vice President, Secretary, Treasurer and CFO
	 	 







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