Document:

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                                                                    EXHIBIT 10.1

                                EIGHTH AMENDMENT
                             TO DEBTOR-IN-POSSESSION
                                CREDIT AGREEMENT

                  This EIGHTH AMENDMENT TO DEBTOR-IN-POSSESSION CREDIT AGREEMENT
(this "AMENDMENT") is dated as of June 24, 2005 and entered into by and among
INTERMET CORPORATION, a Georgia corporation ("COMPANY"), THE SUBSIDIARIES OF
COMPANY LISTED ON THE SIGNATURE PAGES HEREOF AS BORROWERS (collectively, Company
and such Subsidiaries of Company are "BORROWERS" and each a "BORROWER"), THE
BANK OF NOVA SCOTIA, as Administrative Agent for the Lenders ("ADMINISTRATIVE
AGENT") and as a Lead Lender, DEUTSCHE BANK TRUST COMPANY AMERICAS, as
Collateral Agent and Co-Agent for the Lenders ("COLLATERAL AGENT") and as a Lead
Lender, and the undersigned Lenders, and is made with reference to that certain
Debtor-In-Possession Credit Agreement dated as of October 22, 2004 (as amended,
supplemented or otherwise modified to the date hereof, the "CREDIT AGREEMENT"),
by and among Borrowers, the Lenders, Administrative Agent and Collateral Agent.
Capitalized terms used herein without definition shall have the same meanings
herein as set forth in the Credit Agreement.

                                    RECITALS

                  WHEREAS, Borrowers and the undersigned Lenders desire to amend
the Credit Agreement on the terms and conditions set forth below;

                  NOW, THEREFORE, in consideration of the premises and
agreements, provisions and covenants herein contained, the parties hereto agree
as follows:

SECTION 1.        AMENDMENTS TO THE CREDIT AGREEMENT

              1.1 AMENDMENTS TO SUBSECTION 1.1.

                  Subsection 1.1 of the Credit Agreement is hereby amended by
inserting the following definitions in appropriate alphabetical order:

                            "EQUITY COMMITMENT AGREEMENT" means the commitment
                  letter agreement (and related term sheet) among Stanfield
                  Capital Partners, LLC (on behalf of certain of its related or
                  associated entities), R2 Investments, LDC (on behalf of
                  certain of its related or associated entities) and Company, in
                  the form delivered to Agents pursuant to Section 3.3 of the
                  Eighth Amendment, with amendments, supplements or other
                  modifications thereto that are not adverse to Lenders (in the
                  judgment of Agents).

                           "EIGHTH AMENDMENT" means that certain Eighth
                  Amendment to Debtor-In-Possession Credit Agreement dated as of
                  June 24, 2005 by and among Borrowers, Agents, Lead Lenders and
                  the Lenders party thereto.

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                           "EIGHTH AMENDMENT EFFECTIVE DATE" has the meaning
                  assigned to that term in the Eighth Amendment.

              1.2 AMENDMENT TO SUBSECTION 2.10.

                  Subsection 2.10 of the Credit Agreement is hereby amended by
deleting the last sentence thereof in its entirety and substituting therefor the
following new sentence:

                  "Notwithstanding anything to the contrary in this subsection
                  2.10, Borrowers, with the approval of the Bankruptcy Court,
                  may make the Exit Lender Work Fee Payments and enter into the
                  Lazard Agreements, the CMD Agreements and the Equity
                  Commitment Agreement.".

              1.3 AMENDMENT TO SUBSECTION 4.3A.

                  Subsection 4.3A of the Credit Agreement is hereby amended by
adding immediately before the "."at the end thereof the following proviso:

                  "; provided, that certifications made on and after the Eighth
                  Amendment Effective Date pursuant to subsections 4.3A(ii)(a)
                  and 4.3A(ii)(b) shall be made without regard to payments made
                  and to be made pursuant to and in accordance with Borrowers'
                  obligations under the Equity Commitment Agreement".

              1.4 AMENDMENT TO SUBSECTION 6.16.

                  Subsection 6.16 of the Credit Agreement is hereby amended by
deleting the reference to "$1,000,000" contained in clause (b) of the second
sentence therein and substituting therefor "$1,500,000".

              1.5 AMENDMENT TO SUBSECTION 7.5.

                  Subsection 7.5(ii) of the Credit Agreement is hereby amended
by deleting it in its entirety and substituting therefor the following:

                           "(ii) payments permitted under subsection 2.10, Exit
                  Lender Work Fee Payments, payments made pursuant to and in
                  accordance with the terms of the Lazard Agreements, the CMD
                  Agreements and payments made pursuant to and in accordance
                  with the Equity Commitment Agreement;".

              1.6 AMENDMENT TO SUBSECTION 7.6A(i).

                  Subsection 7.6A(i) of the Credit Agreement is hereby amended
by adding immediately after the reference to "Cash disbursements or
expenditures" contained therein the parenthetical phrase "(other than payments
made pursuant to and in accordance with Borrowers' obligations under the Equity
Commitment Agreement)".

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              1.7 AMENDMENT TO SUBSECTION 8.6.

                  A. Subsection 8.6(a)(vii) of the Credit Agreement is hereby
amended by deleting the proviso contained therein and substituting therefor the
following proviso:

                  ", provided, however, that entry by the Bankruptcy Court of an
                  order approving any of the Exit Lender Work Fee Payments, the
                  Lazard Agreements, the CMD Agreements and the Equity
                  Commitment Agreement shall not be an Event of Default under
                  this clause (vii)".

                  B. Subsection 8.6(b) of the Credit Agreement is hereby amended
by deleting the proviso contained therein and substituting therefor the
following proviso:

                  ", provided, however, that the filing by Borrowers of a motion
                  or motions with the Bankruptcy Court for authority to make the
                  Exit Lender Work Fee Payments and/or authority to enter into
                  the Lazard Agreements, the CMD Agreements and the Equity
                  Commitment Agreement shall not be an Event of Default under
                  this clause (b)".

SECTION 2.        BORROWER'S REPRESENTATIONS AND WARRANTIES

                  In order to induce the Lead Lenders and the Lenders to enter
into this Amendment and to amend the Credit Agreement in the manner provided
herein, Borrowers represent and warrant to each Lead Lender and Lender that the
following statements are true, correct and complete:

              2.1 CORPORATE POWER AND AUTHORITY. Each Borrower has all requisite
corporate power and authority to enter into this Amendment and to carry out the
transactions contemplated by, and perform its obligations under, the Credit
Agreement as amended by this Amendment (the "AMENDED AGREEMENT").

              2.2 AUTHORIZATION OF AGREEMENTS. The execution and delivery of
this Amendment has been duly authorized by all necessary action on the part of
each Borrower and the performance of the Amended Agreement has been duly
authorized by all necessary action on the part of each Borrower.

              2.3 NO CONFLICT. The execution and delivery by each Borrower of
this Amendment and the performance by each Borrower of the Amended Agreement do
not and will not (i) violate any provision of any law or any governmental rule
or regulation applicable to any Borrower or any of its Subsidiaries, or the
Organizational Documents of any Borrower or any of its Subsidiaries or any
order, judgment or decree of the Bankruptcy Court of any other Government
Authority binding on any Borrower or any of its Subsidiaries, (ii) conflict
with, result in a breach of or constitute (with due notice or lapse of time or
both) a default under any Contractual Obligation of any Borrower or any of its
Subsidiaries or any applicable order of the Bankruptcy Court, (iii) result in or
require the creation or imposition of any Lien upon any of the properties or
assets of any Borrower or any of its Subsidiaries (other than Liens created
under any of the Loan Documents in favor of Collateral Agent on behalf of the
Lenders), or (iv) require any

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approval of stockholders or any approval or consent of any Person under any
Contractual Obligation of any Borrower or any of its Subsidiaries.

              2.4 GOVERNMENTAL CONSENTS. The execution and delivery by each
Borrower of this Amendment and the performance by each Borrower of the Amended
Agreement do not and will not require any Governmental Authorization.

              2.5 BINDING OBLIGATION. This Amendment has been duly executed and
delivered by each Borrower, and each of this Amendment and the Amended Agreement
is the legally valid and binding obligations of each Borrower enforceable
against each Borrower in accordance with its respective terms.

              2.6 INCORPORATION OF REPRESENTATIONS AND WARRANTIES FROM CREDIT
AGREEMENT. The representations and warranties contained in Section 5 of the
Credit Agreement are and will be true, correct and complete in all material
respects on and as of the Eighth Amendment Effective Date (as hereinafter
defined) to the same extent as though made on and as of that date, except to the
extent such representations and warranties specifically relate to an earlier
date, in which case they were true, correct and complete in all material
respects on and as of such earlier date.

              2.7 ABSENCE OF DEFAULT. As of the date hereof after giving effect
hereto, there exists no Event of Default or Potential Event of Default under the
Credit Agreement.

              2.8 FINAL BORROWING ORDER. The Final Borrowing Order is in full
force and effect and has not been stayed by the Bankruptcy Court or any other
court of competent jurisdiction and has not been reversed, vacated or otherwise
modified after the entry thereof.

SECTION 3.        CONDITIONS TO EFFECTIVENESS

                  This Amendment shall become effective on the first date (such
date being referred to herein as the "EIGHTH AMENDMENT EFFECTIVE DATE") on which
(i) Borrowers shall have delivered to Agents a correct and complete copy of the
commitment letter and related term sheet to be entered into by Stanfield Capital
Partners, LLC (on behalf of certain of its related or associated entities), R2
Investments, LDC (on behalf of certain of its related or associated entities)
and Company, which commitment letter and term sheet shall be satisfactory in
form and substance to Agents, and (ii) Borrowers, Requisite Lenders and each
Lead Lender shall have each executed a counterpart hereof, and Company and
Agents shall have received written or telephonic notification of such execution
and authorization of delivery of such counterparts; provided, however, that
notwithstanding anything contained in this Amendment or any of the Loan
Documents to the contrary, (a) it shall be a condition subsequent to the
effectiveness of this Amendment that (1) on or prior to July 21, 2005, Borrowers
shall have paid in full all outstanding statements for fees and expenses of each
of Collateral Agent and Administrative Agent and their respective experts and
counsel (including, but not limited to, O'Melveny & Myers LLP, Wachtell, Lipton,
Rosen & Katz, Pepper Hamilton LLP and Capstone Corporate Recovery LLC) to the
extent submitted to Company prior to 12:00 Noon (New York City time) on July 14,
2005, (2) Borrowers shall have paid, in immediately available funds, not later
than two Business Days after either (x) the entry of an order by the Bankruptcy
Court approving the

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Equity Commitment Agreement or (y) if such order is stayed, the date, if any,
when such order ceases to be subject to such stay (the date of such entry or
cessation, as the case may be, the "EQUITY COMMITMENT AGREEMENT APPROVAL DATE"),
a nonrefundable amendment fee in the aggregate amount of $150,000 to
Administrative Agent, for distribution to each Lender that has executed and
delivered to Agents a counterpart of this Amendment prior to 12:00 Noon (New
York City time) on June 30, 2005 according to the relative Revolving Commitments
of all such Lenders, and (3) on or prior to the Equity Commitment Agreement
Approval Date, the Bankruptcy Court shall have approved this Amendment and the
payment of the fees described in clause (a)(2) of this proviso pursuant to an
order in form and substance satisfactory to Agents, and (b) all amendments
contained in or effected by this Amendment shall be immediately null and void,
ab initio, and of no force and effect whatsoever, if any of the conditions
subsequent set forth in clauses (a)(1) through (a)(3) of this proviso is not
satisfied by the relevant date set forth in such clause.

SECTION 4.        ACKNOWLEDGEMENT AND CONSENT

                  Each Borrower hereby acknowledges that such Borrower has read
this Amendment and consents to the terms hereof and further hereby confirms and
agrees that, notwithstanding the effectiveness of this Amendment, the
obligations of such Borrower under each of the Loan Documents to which such
Borrower is a party shall not be impaired and each of the Loan Documents to
which such Borrower is a party are, and shall continue to be, in full force and
effect and are hereby confirmed and ratified in all respects.

SECTION 5.        MISCELLANEOUS

              5.1 REFERENCE TO AND EFFECT ON THE CREDIT AGREEMENT AND THE OTHER
                  LOAN DOCUMENTS.

                  A. On and after the Eighth Amendment Effective Date, each
reference in the Credit Agreement to "this Agreement", "hereunder", "hereof",
"herein" or words of like import referring to the Credit Agreement, and each
reference in the other Loan Documents to the "Credit Agreement", "thereunder",
"thereof" or words of like import referring to the Credit Agreement shall mean
and be a reference to the Amended Agreement.

                  B. Except as specifically amended by this Amendment, the
Credit Agreement and the other Loan Documents shall remain in full force and
effect and are hereby ratified and confirmed.

                  C. The execution, delivery and performance of this Amendment
shall not constitute a waiver of any provision of, or operate as a waiver of (or
otherwise prejudice) any right, power or remedy of any Agent or any Lender
under, the Credit Agreement or any of the other Loan Documents.

              5.2 FEES AND EXPENSES. Each Borrower acknowledges that all costs,
fees and expenses as described in subsection 10.2 of the Credit Agreement
incurred by Administrative Agent and Collateral Agent and their respective
counsel (including, without limitation, O'Melveny & Myers LLP, Wachtell, Lipton,
Rosen & Katz, Pepper Hamilton LLP and Capstone

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Corporate Recovery LLC) with respect to this Amendment and the documents and
transactions contemplated hereby shall be for the account of Borrowers.

              5.3 HEADINGS. Section and subsection headings in this Amendment
are included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose or be given any substantive effect.

              5.4 APPLICABLE LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS
OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK
(INCLUDING WITHOUT LIMITATION SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF
THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES.

              5.5 COUNTERPARTS. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed an original, but all such
counterparts together shall constitute but one and the same instrument;
signature pages may be detached from multiple separate counterparts and attached
to a single counterpart so that all signature pages are physically attached to
the same document.

                  [Remainder of page intentionally left blank]

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                  IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their respective officers
thereunto duly authorized as of the date first written above.

                  BORROWERS:

                                           INTERMET CORPORATION

                                           By:  /s/ Alan J. Miller
                                                --------------------------------
                                                Name: Alan J. Miller
                                                Title:  Vice President

                                           ALEXANDER CITY CASTING COMPANY, INC.

                                           By:  /s/ Alan J. Miller
                                                --------------------------------
                                           Name: Alan J. Miller
                                           Title:  Vice President

                                           CAST-MATIC CORPORATION

                                           By:  /s/ Alan J. Miller
                                                --------------------------------
                                           Name: Alan J. Miller
                                           Title:  Vice President

                                           COLUMBUS FOUNDRY, L.P.

                                           By:  /s/ Alan J. Miller
                                                --------------------------------
                                           Name: Alan J. Miller
                                           Title:  Vice President

                                           DIVERSIFIED DIEMAKERS, INC.

                                           By:  /s/ Alan J. Miller
                                                --------------------------------
                                           Name: Alan J. Miller
                                           Title:  Vice President

                                      S-1
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                                          GANTON TECHNOLOGIES INC.

                                          By:  /s/ Alan J. Miller
                                               ---------------------------------
                                          Name: Alan J. Miller
                                          Title:  Vice President

                                          INTERMET HOLDING COMPANY

                                          By:  /s/ Alan J. Miller
                                               ---------------------------------
                                          Name: Alan J. Miller
                                          Title:  Vice President

                                          INTERMET ILLINOIS, INC.

                                          By:  /s/ Alan J. Miller
                                               ---------------------------------
                                          Name: Alan J. Miller
                                          Title:  Vice President

                                          INTERMET INTERNATIONAL, INC.

                                          By:  /s/ Alan J. Miller
                                               ---------------------------------
                                          Name: Alan J. Miller
                                          Title:  Vice President

                                          INTERMET U.S. HOLDING, INC.

                                          By:  /s/ Alan J. Miller
                                               ---------------------------------
                                          Name: Alan J. Miller
                                          Title:  Vice President

                                      S-2

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                                         IRONTON IRON, INC.

                                         By:  /s/ Alan J. Miller
                                              ----------------------------------
                                         Name: Alan J. Miller
                                         Title:  Vice President

                                         LYNCHBURG FOUNDRY COMPANY

                                         By:  /s/ Alan J. Miller
                                              ----------------------------------
                                         Name: Alan J. Miller
                                         Title:  Vice President

                                         NORTHERN CASTINGS CORPORATION

                                         By:  /s/ Alan J. Miller
                                              ----------------------------------
                                         Name: Alan J. Miller
                                         Title:  Vice President

                                         SUDBURY, INC.

                                         By:  /s/ Alan J. Miller
                                              ----------------------------------
                                         Name: Alan J. Miller
                                         Title:  Vice President

                                         SUDM, INC.

                                         By:  /s/ Alan J. Miller
                                              ----------------------------------
                                         Name: Alan J. Miller
                                         Title:  Vice President

                                         TOOL PRODUCTS, INC.

                                         By:  /s/ Alan J. Miller
                                              ----------------------------------
                                         Name: Alan J. Miller
                                         Title:  Vice President

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                                         WAGNER CASTINGS COMPANY

                                         By:  /s/ Alan J. Miller
                                              ----------------------------------
                                         Name: Alan J. Miller
                                         Title:  Vice President

                                         WAGNER HAVANA, INC.

                                         By:  /s/ Alan J. Miller
                                              ----------------------------------
                                         Name: Alan J. Miller
                                         Title:  Vice President

                                      S-4
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AGENTS AND LENDERS:

                                      THE BANK OF NOVA SCOTIA,
                                      as Administrative Agent and as a Lead
                                      Lender and a Lender

                                      By: /s/ Ronald Dooley
                                         --------------------------------------
                                           Name: Ronald Dooley
                                           Title: Director

                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      as Collateral Agent and as a Lead Lender
                                      and a Lender

                                      By: /s/ Frank Fazio
                                         --------------------------------------
                                           Name: Frank Fazio
                                           Title: Director

                                      DK ACQUISITION PARTNERS, LP,
                                      as a Lender

                                      By:
                                         --------------------------------------
                                           Name:
                                           Title:

                                      TRS CALLISTO LLC,
                                      as a Lender

                                      By:
                                         --------------------------------------
                                           Name:
                                           Title:

                                       S-5exv10w1

 

Exhibit 10.1

[DTE ENERGY COMPANY LETTERHEAD]

To:                                         

This Agreement is made pursuant and subject to the provisions of the DTE Energy Company (“Company”)
2001 Stock Incentive Plan (“Plan”). Effective XXXXXXXX the Company hereby grants to XXXXXXXXXX a
long-term grant consisting of XXXXX Restricted Shares.

The shares of Restricted Stock shall be original issue shares or shares of Common Stock purchased
by the Company in the open market. A certificate registered in your name, and held by the Company
or its duly authorized representative, shall represent such shares. The certificate shall be
endorsed with an appropriate legend referring to the applicable restrictions. Your right to
receive Restricted Stock vests 3 years from the effective date of the grant and the certificates
will be issued to you shortly thereafter.

By accepting this grant you consent to any action taken under the Plan by the Company’s Board of
Directors and agree to be bound by the terms of this Agreement and the enclosed booklet “DTE Energy
Company Board of Directors Restricted Stock Agreement” which is an integral part of this document.
You will be deemed to have accepted this grant unless you notify the Corporate Secretary in writing
to the contrary.

                                                                                

Anthony F. Earley, Jr.

Chairman & Chief Executive Officer

 

 

 

DTE Energy Company

Board of Directors

Restricted Stock Agreement

DTE Energy Company

Restricted Stock

As a new member of the DTE Energy Company (the
“Company”) Board of Directors, (the “Board”) you
have been granted 1,000 shares of Restricted Stock.

The shares of Restricted Stock are shares of DTE
Energy common stock that were purchased in the open
market or are original issue shares. Such shares are
represented by a certificate or certificates
registered in your name, that are endorsed with an
appropriate legend referring to the restrictions set
forth below and held by the Company or its duly
authorized representative.

Shareholder Rights

Upon the Grant Date, you have all of the rights
of a shareholder with respect to the shares of
Restricted Stock covered by your Grant Agreement;
including the right to vote the shares of Restricted
Stock and receive the amount of any dividends that
may be paid thereon. Such shares may not be
transferred prior to vesting. Any additional shares
of Common Stock or other securities that you may
become entitled to receive pursuant to a stock
dividend, stock split, combination of shares,
recapitalization, merger, consolidation, separation
or reorganization, or any other change in the capital
structure of the Company shall be subject to the same
vesting and transferability restrictions as the
shares of Restricted Stock covered by your Grant
Agreement.

Grant Term and Vesting

Your right to receive Restricted Stock will vest
3 years from the Grant Date. If your service as a
Board member ends before your Restricted Stock vest,
generally, your rights to any Restricted Stock will
be forfeited. However, in the case of death or
disability, you or your designated beneficiary will
retain the rights to a prorated number of shares of
Restricted Stock based on the number of months
served as a Board member divided by the total number
of months in the vesting period. Restrictions are
lifted and Restricted Stock distributed after death
or disability.

Other Information

Beneficiary Designation

You may name any beneficiary to inherit the right
to these grants according to the applicable terms.
Each designation will revoke all prior designations
and will be effective only when filed with the
Corporate Secretary.

Transferability

Except as provided for separately, these grants
are nontransferable and are subject to risk of
forfeiture. You may not sell, transfer, pledge,
exchange, or otherwise dispose of these grants or the
right to receive cash or Common Stock thereunder
except in the event of your death or disability. If
you have a valid beneficiary designation on file with
the Corporate Secretary, your rights under these
grants will pass to your designated beneficiary.
Otherwise, your rights under these grants will pass
to your estate or beneficiary in accordance with your
will or, if you do not have a will, your rights under
these grants will pass in accordance with the laws of
descent and distribution. The Board, in its sole
discretion, may waive the restrictions on
transferability with respect to all or a portion of
the shares subject to these grants.

Participant Bound by Plan

You acknowledge that a copy of the DTE Energy
Company 2001 Stock Incentive Plan (the “Plan”) has
been made available to you and you agree to be bound
by all the terms and provisions thereof. All
references herein to the Plan shall mean the Plan as
in effect on the Grant Date.

Taxes

You are responsible for paying any applicable
federal, state, local or foreign tax in
connection with dividends received from the
Restricted Stock or the value of Restricted Stock
on the vesting date. Under the current tax laws,
this compensation considered ordinary income.

 

 

This booklet provides an overview of DTE Energy’s Restricted Share
Agreement. It does not contain all of the rules and governing terms
included in the Plan. If there are any differences between the
information in this booklet and the Plan documents, the Plan documents
will govern. You are entitled to a copy of the Plan document that
governs this grant and may require a copy by contacting the Corporate
Secretary.

This document constitutes part of a prospectus covering shares that
have been registered under the Securities Act of 1933.

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