Document:

Exhibit

EXHIBIT 4.8

DESCRIPTION OF REGISTERED SECURITIES

General

The authorized capital stock of Drive Shack Inc. (the “Company”) consists of 1,000,000,000 shares of common stock, par value $0.01 per share (“Common Stock”), and 100,000,000 shares of preferred stock, par value $0.01 per share (“Preferred Stock”).

875,000 shares of Preferred Stock have been designated as shares of 9.75% Series B Cumulative Redeemable Preferred Stock (“Series B Stock”), 1,800,000 shares of Preferred Stock have been designated as shares of 8.05% Series C Cumulative Redeemable Preferred Stock (“Series C Stock”), 2,300,000 shares of Preferred Stock have been designated as shares of 8.375% Series D Cumulative Redeemable Preferred Stock (“Series D Stock”) and 1,000,000 shares of Preferred Stock have been designated as shares of Series E Junior Participating Preferred Stock (“Series E Stock”).
Common Stock
Our Common Stock has no sinking fund or redemption provisions or preemptive, conversion or exchange rights.  
Voting Rights
Holders of Common Stock are entitled to one vote per share on all matters voted on by the stockholders, including the election of directors. Our Common Stock does not have cumulative voting rights. Holders of Common Stock may act by unanimous written consent.
Dividend Rights
Subject to the rights of holders of outstanding shares of Preferred Stock, if any, the holders of Common Stock are entitled to receive dividends, if any, as may be declared from time to time by the Board of Directors in its discretion out of funds legally available for the payment of dividends.
Holders of Issued Preferred Stock are entitled to receive cumulative, preferred dividends but are not entitled to participate in dividends paid on the Common Stock. 
Liquidation Rights
Subject to any preferential rights of outstanding shares of Preferred Stock, holders of Common Stock will share ratably in all assets legally available for distribution to our stockholders in the event of dissolution.
Preferred Stock
Our Preferred Stock has no sinking fund provisions or preemptive, conversion or exchange rights.  
Ranking
Each series of Preferred Stock, other than Series E Stock (the “Issued Preferred Stock”), ranks senior to Common Stock and pari passu with each other series of Issued Preferred Stock.
Liquidation Rights
In the event of a liquidation, dissolution or winding up of the Company, holders of Issued Preferred Stock would receive $25 per share, plus any accumulated and unpaid dividends but would not participate in any amounts received thereafter by the shares of Common Stock.

Voting
Each series of Issued Preferred Stock does not have voting rights. However, if dividends on any series of Issued Preferred Stock are in arrears for six or more quarterly periods, whether or not consecutive, holders of Issued Preferred Stock shall have the right to elect two additional members of the Board (“Preferred Stock Directors”).
Issued Preferred Stock has veto rights on (i) the authorization and issuance of any senior ranking class or series of equity securities and (ii) any amendment to the Charter that would materially and adversely affect any right, preference or voting power of the Issued Preferred Stock.
Redemption
The Company may redeem the Issued Preferred Stock in whole or from time to time in part, for cash, at a redemption price of $25.00 per share, plus all accumulated and unpaid distributions on such Preferred Stock to the date of redemption, whether or not authorized.Exhibit

Exhibit 10.30

A G R E E M E N T
between

BRISTOL METALS, L.L.C.
and

UNITED STEELWORKERS
LOCAL 4586

August 1, 2019

Printed in the U.S.A.

Exhibit 10.30

TABLE OF CONTENTS

	
			
	401(k) PLAN
	68
	

	ABSENTEEISM
	51
	

	BEREAVEMENT LEAVE
	70
	

	CHECK OFF PROVISIONS    
	6
	

	GENERAL    
	60
	

	GRIEVANCE PROCEDURE
	54
	

	GROUP INSURANCE
	67
	

	HOLIDAYS    
	39
	

	HOURS OF WORK    
	34
	

	JURY DUTY
	69
	

	LEAVE OF ABSENCE
	58
	

	MANAGEMENT
	5
	

	NO DISCRIMINATION
	12
	

	PAC CHECK OFF PROVISION
	10
	

	PROFIT SHARING PLAN
	20
	

	RECOGNITION
	3
	

	SAFETY AND HEALTH
	52
	

	SENIORITY
	41
	

	SHIFT ASSIGNMENTS & SHIFT PREFERENCE
	18
	

	SHOP COMMITTEE
	54
	

	SUPERVISORY EMPLOYEES
	59
	

	TERMINATION
	71
	

	VACATIONS
	23
	

	VOCATIONAL TRAINING    
	68
	

	WAGES
	13
	

Exhibit 10.30

P R E A M B L E
THIS AGREEMENT, dated August 1, 2019, is entered into between BRISTOL METALS, L.L.C., Bristol, Tennessee (hereinafter referred to as the Company), and the UNITED STEELWORKERS on behalf of Local 4586 (hereinafter referred to as the Union).
It is the intent and purpose of the parties hereto that this agreement will promote and improve industrial and economic relationships between the employees and the Company, and to set forth herein the basic agreement covering rates of pay, hours of work and conditions of employment to be observed between the parties hereto.

ARTICLE 1 - Recognition
1.As a result of the election, supervised by the National Labor Relations Board of April 5, 1951 and May 5, 1954, and the Decision in Case No. 10-UC- 23, January 10, 1969, the Company recognizes the United Steelworkers, as the sole exclusive bargaining agency for all fabrication, production and maintenance
employees at the Company’s Bristol, Tennessee Plant, excluding all office, clerical, technical, professional, supervisory and custodial employees, as defined in the National Labor Relations Act.
2.The Company and the Union agree to attempt the settlement of all grievances at lowest levels possible, and the Union agrees to conserve as much of the Company’s time as possible, in the disposition of complaints.
3.It is understood that all provisions of this Agreement are subject to existing Federal, State and Local Laws.
4.In order to insure maximum, uninterrupted production during the term of this contract, the Company will not lock out its employees on account of labor differences and the Union on its behalf and on behalf of its agents, representatives, employees and members, individually and collectively, agrees there will be no strikes of any kind or nature, including sympathy strikes, during the term of this contract.
In the event of such a strike or threat thereof, the Company, while hereby preserving all the rights and remedies it may have at law or equity, will notify the Union promptly, which in turn, will exert all maximum efforts to prevent or terminate any such strike activity or conduct.
Any employee who engages in such prohibited conduct may be disciplined or discharged at the sole discretion of the Company, and such decision will not be reviewable under the grievance-arbitration procedures of the contract, except on the question of whether the grieving employee actually participated, actively or passively, in such conduct; or whether such employee was irrationally disciplined or discharged.

ARTICLE 2 - Management
1.The Union agrees that, subject to the other provisions of this agreement, the function of Management belongs solely to the Company, and that it will not interfere with the Company’s free exercise of this function.
2.The function of Management includes, among other things: The right to select and to hire new employees; the right to direct the work forces; the right to formulate reasonable plant rules; the right to discipline, suspend, discharge for cause, transfer, demote or promote, and the right to relieve employees of their duty because of lack of work, lack of skill or inefficiency, in such manner as to promote the efficient operation of the plant; and the right to assign work to employees; to decide the number and location of its plants; to determine the products to be manufactured, including the means  and  processes of manufacturing and to introduce new or improved production 

Exhibit 10.30

methods or facilities and except to the extent provided for in this agreement, the Company reserves and retains, solely and exclusively, all of its inherent rights to manage the business as such rights existed prior to the execution of this agreement.

ARTICLE 3 - Check Off Provisions
Upon receipt of voluntary written authorization from any employee in the form to be provided by the Union, the Company will deduct from the earnings of said employee his weekly membership dues in the Union under the following procedure:
The greater amount of Five Dollars or an amount equal to .6461% of the employee’s total earnings in the immediately prior week not to exceed 2.8 times an employee’s average hourly earnings in the immediate prior month and .02 cents per hour for all full hours included in total earnings. Such authorization may be in the following form:

Pursuant to this authorization and assignment, please deduct from my pay each month, while I am in employment within the collective bargaining unit in the Company, monthly dues, assessments and (if owing by me) an initiation fee each as designated   by the Treasurer of the International Union, as my membership dues in said Union.
The afore said membership dues shall be remitted promptly by you to the International Treasurer of the United Steelworkers, or its lawful successor at the address which he authorizes, in writing, for that purpose.
The assignment and authorization shall be effective and cannot be canceled for a period of one (1) year from the date appearing above or until the termination date of the current collective bargaining agreement between the Company and the Union, whichever occurs sooner.
I hereby voluntarily authorize you to continue the above authorization and assignment in effect after the expiration of the shorter of the periods above specified, for further successive periods of one (1) year from such date. I agree that this authorization and assignment shall become effective and cannot  be canceled by me during any such years, but that I may cancel and revoke by giving to the Local Union President and appropriate management representative 

Exhibit 10.30

of the plant in which I am then employed, an individual written notice signed by me and which shall be postmarked or received by the Union and the Company within fifteen days following the expiration of any such year or within the fifteen days following the termination date of any collective bargaining agreement between the Company and the Union covering my employment if such date shall occur within one of such annual periods. Such notice of revocation shall become effective respecting the dues for the month following the month in which such written notice is given; a copy of any such notice will be given by me to the Financial Secretary of the Local Union.

Local Union No. __________________________________________________________________________ 
United Steelworkers Signature ______________________________________________________________     
Witness ________________________________________________________________________________     
Check No. ______________________________________________________________________________     
Ledger No. _____________________________________________________________________________    

The Union shall indemnify and save the Company harmless against any and all claims, demands, suits or other form of liabilities that rise out of or by reason of action taken by the Company in reliance on the aforementioned written assignment or for the purpose of complying with any of the provisions of this section.
The Union shall submit to the Company at its request a list of its members; such list shall not be required more often than three month intervals. The Company will furnish a designated officer or individual of the Local Union each month as expeditiously as reasonably practicable, two (2) copies of the names of the employees from whose earnings such deductions have been made, along with the amounts of money so deducted.

ARTICLE 4 - PAC Check-off Authorization
The Company agrees that it will check-off and transmit to the Treasurer of the United Steelworkers Political Action Committee (USW PAC) voluntary contributions to the USW Political Action Fund from the earnings of those employees who voluntarily authorize such contributions on forms provided for that purpose by the USW PAC.  The amount   and timing of such check-off deductions and the transmittal of such voluntary contributions shall be as specified in such forms and in conformance with any applicable state or federal statue.
The signing of such USW PAC check-off form and the making of such voluntary annual contributions are not conditions of membership in the Union or of employment with the Company.
The Union shall indemnify and save the Company harmless against any and all claims, demands, suits or other forms of liability that shall arise out of or by reason of action taken or not taken by the Company for the purpose complying with any of the provisions of this Section.
The United Steelworkers Political Action Committee supports various candidates for federal and other elective office, is connected with the United Steelworkers, a labor organization, and solicits and accepts only voluntary contributions, which are deposited in an account separate and segregated from the dues fund of the Union, in its own fund raising efforts and in joint fund raising efforts with the AFL- CIO and its Committee on Political Education.
In cases where a deduction is made which duplicates a payment already made to the union by an employee, or where a deduction is not in conformity with the provisions of the Union Constitution and Bylaws or the National 

Exhibit 10.30

Labor Relations Act, refunds to the employee will be made by the local Union.

ARTICLE 5 - No Discrimination
It is agreed that there shall be no discrimination as provided in applicable State and Federal Statutes, against any employee by the Union or the Company because of race, color, religion, national origin, sex, age, or memberships or non membership in a labor organization.
The parties recognize that the individuals covered by this Agreement are likewise covered by the Family and Medical Leave Act of 1993, and that the Company will abide the Act which provides for up to twelve (12) weeks of unpaid leave per year for employees in appropriate circumstances.

ARTICLE 6 - Wages
The various jobs within the following classifications shall be:
JOB             JOBS IN
CLASSIFICATION        CLASSIFICATION
		
	1
	General Helper *

* to include: Pipe Press Helper, 7 1⁄2 Ton Overhead Crane, 10 Ton Overhead Crane, X-Ray Helper, 533 Helper, Ajax Helper, and all other small Machine Operators.

		
	2
	Tractor Driver 

Fork Lift Operator 
Mobile Crane Hook-up
Batch Tack-on Helper
Batch Tack-on Operator
Pickling Helper
Saw Operator 
Storekeeper
Shipping & Receiving Warehouse Helper 
Sand Belt Operator
Continuous Mill Helper

		
	3
	Press Brake Helper 

Shear Helper
QA Inspector
Ajax Furnace Operator
Gas Furnace Operator 
Car Furnace Operator 
533 Sizing Operator
Pipe Press Operator 
Pipe Burner Operator
Rotary Straightener Operator Neutralizing Operator 
PM Helper
Planish Operator
Beveler Operator
Pickling Tank Operator 
Pipe Marker Operator Warehouse Operator 
Hydro Tester Operator
Edge Prep Operator

Exhibit 10.30

Maintenance Apprentice (Step 1) *
*Any Maintenance Apprentice at a higher class as of 8/1/2019 will maintain their higher class.

		
	4
	Press Brake Operator 

Shear Operator 
Roll Operator 
Mobile Crane Operator
Batch Operator
Boom Operator
X-Ray Technician
Neutralizing Technician
Material Receiving Technician
Shipping Technician
Plasma Table Operator
Seamer Operator
Car Box Welder Operator
Sub-Arc Operator

		
	5
	Continuous Mill Operator

    Roll Room Technician

		
	6
	QA Sr Lab Technician 

    Hand Welder
X-Ray Technician Level 3
PM Technician

		
	7
	Maintenance Mechanic Maintenance Electrician 

    Special Projects Mechanic

RATES
Rates of pay for the foregoing classifications are set forth in Appendix “A”. Rates shown in the various Columns of Appendix “A”  shall  become  effective  as follows:  Column 1, February 3, 2020; Column 2, February 1, 2021; Column 3, February 7, 2022; Column 4, February 6, 2023; Column 5, February 5, 2024.
All job classifications deleted will be restored to the classification where located at the time of deletion, if the Company brings the job back. Employees in Classifications 2 and 4 can bid on job vacancies in Classifications 2+ and 4+. Cross bids are permitted for + classifications, bids and test bids. Classification 6 and 7 are excluded from this provision.

RATES FOR NEW JOBS & CHANGED JOBS
When the Company establishes a  new  job  in the bargaining unit, it shall temporarily place it in a classification in line with the wage scale of similar work in jobs covered by this Agreement.
After  a  reasonable  period  of   time  allowed for perfecting the procedures and the machine or equipment involved, and when the job becomes fully operational, that is, is functioning normally in the production process, the Company will provisionally place it in a classification in line with the wage rate for similar work in jobs covered by this Agreement.

Exhibit 10.30

If no one in the classification is available to fill the job, it shall be posted for bids in the normal manner. The provisional classification for such a job will remain in effect for sixty days from the time the provisional           classification is made. If, after the sixty day period, the Company deems the classification   to be proper and accurate and the Company notifies the Union in writing, and no grievance is filed by the Union within five calendar days after the end of the sixty day period, the provisional classification will be considered the permanent classification for the job.
If during the term of this Agreement a significant and substantial change in job content in a job has been effected by the Company to the extent that the wage rate has become inappropriate as compared to the wage rate for similar jobs covered by this Agreement, and the Company fails to reclassify the job, the Union may request the Company to review the circumstances in conference with the Union.
Retroactive pay will be paid, including agreed to amounts, where jointly decided between the Company and Union. The Union has the right to grieve and arbitrate per the CBA.

ARTICLE 7 - Shift Assignments & Shift Preference
The Company will staff all shifts on the basis of the employee’s preference of shifts, taking into account his classification, skills and experience and plant seniority as vacancies occur. However, the junior qualified employee may be assigned to a particular shift when in the judgment of the Company, his skills and experience are needed to provide a balance of skills and experience between the shifts, and such will promote the efficient operation of the plant.
When such an assignment takes place, however, and the employee who was assigned possesses sufficient plant seniority to work on a different shift of his preference, after a period of thirty days on such assignment he may apply for a shift of his preference within his department based on his plant seniority, classification, skill and experience, provided that such application may be made by the  employee  only once in any six (6) calendar month period and provided that an employee with the necessary skill and experience, who possesses less plant seniority, is available to replace him. Under such circumstances, the Company will train the junior employee. Subject to the foregoing conditions but in addition to the above applications, application for shift preference may be made throughout the plant once each year during a period of two consecutive calendar weeks to be designated by the Company.
The parties hereto agree it is not the intention of the parties to abuse the assignment of employees between shifts, and that the company agrees to confer with the Union, upon request, concerning alleged abuse. The Company will make a reasonable effort to train employees who wish to exercise shift preference. A premium rate of $.30 per hour will be paid for workers assigned to second shift. A premium rate of $.35 per hour will be paid for workers assigned to third shift.

ARTICLE 8 - Profit Sharing Plan
Reason for the Profit Sharing Plan
The manufacture and sale of stainless steel pipe and fittings is a highly competitive business with many domestic as well as foreign producers. Because worldwide productive capacity is much greater than demand, prices for these 

Exhibit 10.30

products will continue to  be under pressure. Under these conditions, the only way we can produce profits is by working together to control costs and operate efficiently. It is hoped that this profit sharing plan (“plan”), which is effective only during the term of this agreement, will:
1.Motivate every employee eligible under the plan to improve his or her performance and help in every way they can to produce profits.
2.Reward employees for their efforts  by  paying them a share of Brismet profits as additional remuneration over and above their wages and salaries.

Who Participates
Every production, maintenance and supervisory employee who is assigned to pipe manufacturing, hereinafter called “BRISMET”, and who:
1.Is a full-time employee that has completed 90 days of full-time employment
2.Is employed at the end of any quarter for which a distribution is paid
3.Is employed by the Company or on layoff at the time any distribution is paid for the first, second, third and fourth quarter unless termination was due to retirement or disability for which the employee received benefits under the Company’s corresponding benefit plan; and
4.Is employed by the Company at the end of the fiscal year in question unless termination was due to retirement or disability for which the employee received benefits under the Company’s corresponding benefit plan

Source of Pool
Six percent (6%) of Brismet’s operating earnings before income taxes as reflected in the corporate accounting records and financial statements will form a pool to be distributed to eligible employees. Such earnings are to be the sole source of contributions to the pool. Revenues and expenses will be allocated  to Brismet using accounting methods which the Company believes, at its sole discretion, most accurately reflect Brismet’s profits.

Allocation of Pool to Employees
The pool will be divided so that every eligible employee gets the same percent of his or her straight- time pay (excluding all overtime) that all other eligible employees receive. Only wages earned after 90 days of full-time employment will be included for purposes of calculating the distribution made to an employee.

When Distribution Will Be Paid
Profits for each fiscal year and any related distribution will not be finally determined until completion of the annual audit by the Company’s outside certified public accountants. However, in order to give employees the opportunity to receive their distributions sooner, any distributions will be made according to the following schedule:
1.Approximately 45 days after the end of the Company’s fiscal first, second and third quarters for each fiscal year, the Company will pay 75% of any estimated distributions for each quarter based on Brismet’s cumulative earnings.
2.Approximately 75 days after the Company’s fiscal year-end, but in no event sooner than the completion of 

Exhibit 10.30

the Company’s audit, distributions will be made for the year less any previous quarterly payments. Should the actual distributions for the year be less than the previous payments, employees will not be asked to return the overpayment.
3.Profit Sharing payment will be on a separate direct deposit.

Qualifying as a Bona Fide Profit Sharing Plan
It  is  agreed  that  the  inclusion  of  this  plan   in the collective bargaining agreement and its implementation is conditioned upon the plan being qualified as a bona fide “profit sharing plan” under 29 C.F.R. Part 549.

ARTICLE 9 - Vacations/Paid Time Off
All eligible employees on the payroll of the Company on June 1st of a Vacation Year who have been in the Company’s employ for twelve (12) consecutive months or more on June 1st of the Vacation Year shall be entitled to a vacation with pay in accordance with the following:

	
		
	Accumulated Seniority
	Days of Vacation

	Less than a year
	Partial

	1 year but less than 3 years
	1 week (40 hours)

	3 years but less than 10 years
	2 weeks (80 hours)

	10 years but less than 20 years
	3 weeks (120 hours)

	20 years or more
	4 weeks (160 hours)

Employees continuously on the payroll on June 1 with less than 1 year of seniority and who have satisfactorily completed the 90 day probationary period shall receive partial vacation pay equal to one- twelfth (1/12) of forty hours pay at his regular rate for each full month of uninterrupted service prior to the initial June 1 eligibility date or receive the equivalent vacation time off. This partial vacation will be paid on the first pay day after the initial eligibility date. Vacation shall count towards the 40 hour work week.
Employees who have not completed the  90-day  probationary  period  prior  to  the  initial  June 1 eligibility date must satisfactorily complete the probationary period prior to receiving any partial vacation pay. Upon successful completion of the probationary period, such employees shall receive partial vacation pay equal to one-twelfth (1/12) of forty hours pay at his regular rate for each full month of uninterrupted service prior to the initial eligibility date. This partial vacation pay will be paid on the first day after the employee has satisfactorily completed the probationary period. Each of the forgoing elections  is conditioned upon the employee being otherwise eligible for  the  vacation benefits described   herein.  Thereafter, the normal eligibility rules will apply.
Where an employee otherwise would be eligible for an additional week (40 hours) of vacation benefit under the above schedule for the June 1 eligibility date, such employee shall receive vacation with pay for the amount of vacation benefit for which he is eligible plus partial vacation pay equal to one-twelfth (1/12th) of forty (40) hours pay at his regular hourly rate for each full month of uninterrupted service between the employee’s anniversary 

Exhibit 10.30

date of hire and June 1 of the current year or receive the equivalent vacation benefit time off.
The above vacation table was changed during December 9, 2004 contract negotiations. The change to the vacation benefit is not retroactive and shall be implemented beginning June 1, 2005.
All vacations will be allowed and must be taken during the twelve (12) months or vacation year after an employee becomes eligible. EXAMPLE: An employee who is eligible for one (1) week on June 1, 2010, will be given and must take his week’s vacation prior to June 1, 2011.
Vacations are not cumulative. Vacation period may be designated by the Company to meet the operating needs of the Plant and may be designated during a one or two week period in which the plant may be closed for vacation. Notice to this effect shall be posted each year during the last seven days of March. Provided, the Company agrees not to close the plant for vacation period during a week in which July 4 is observed as a holiday under the terms of this Agreement.
In the event a decision is made not to close down the plant for vacation, employees will be granted vacations on the basis of seniority as far as possible, subject to the efficient operating requirements of the plant. Employees with more than two weeks vacation will have priority over junior employees for two week’s vacation period.
All requests for choice of vacation period shall be made by employees, in writing, and to which they shall be bound, between the 15th and 20th day of April, and the Company, after consultation with the Union, will announce by May 1, whether the request will be honored or not. Employees will be reminded of this requirement during the last seven days of March.
An employee may elect to waive his vacation time off and receive vacation pay in lieu thereof, by requesting such between the 15th and 20th day of April. Under such circumstances, vacation pay will be paid at the end of the first full week in June.
Upon retirement, a retiring employee shall be entitled to receive a pro-rated portion of his or her vacation allotment for the coming year, based upon the observed vacation year (June 1 to  May  31).  The amount of such payment shall be computed by determining the amount of vacation time that the employee would have received had he remained on the payroll until June 1 and pro-rating such amount based upon the number of months of active employment on the employee’s part between June 1 in one calendar year and May 31 of the next calendar year. Such amount shall be paid after the next vacation year commences on June 1. EXAMPLE: Employee A retires December 1, 2009. Had he remained on the payroll until June 1, 2010, he would have received four weeks of vacation which he could have taken between June 1, 2010 and May 31, 2011.  Upon retirement  on June 1, 2010, he would receive payment for two weeks of vacation computed as follows: 6 months of active employment (June 1, 2009 - December 1, 2009) divided by 12 potential months of employment (June 1, 2009 - May 31, 2010) = 1⁄2; 1⁄2 x 4 weeks vacation = 2 weeks vacation.

ELIGIBILITY
An employee must have been employed twelve (12) consecutive months and worked a minimum of 1,200 hours during those twelve (12) months prior to June 1st in order to be eligible for a vacation 1 week (40 hours).
An employee must have been employed thirty- six (36) consecutive months and worked a minimum of 1,200 hours during the twelve (12) month period prior to June 1st in order to be eligible for a vacation of two (2) weeks 

Exhibit 10.30

(40 hours/week). This may consist of two separate periods one (1) week (40 hours) as designated by the Company.
An employee must have been employed one hundred twenty (120) consecutive months and worked a minimum of 1,200 hours during the twelve (12) month period prior to June 1st in order to be eligible for a vacation  of three (3) weeks  (40 hours/week). This may consist of three separate periods one (1) week (40 hours) as designated by the Company.
An employee must have been employed two hundred forty (240) consecutive months and worked a minimum of 1,200 hours during the twelve (12) month period prior to June 1st in order to be eligible for a vacation of four (4) weeks (40 hours/week). This may consist of four separate periods one (1) week (40 hours) as designated by the Company.
For the purpose of  determining  whether  1,200 or more hours have been worked, time lost due to an injury arising out of Company employment, jury duty or due to absence from work while on vacation under the agreement, shall be added to the actual hours the employee worked, at the rate of eight (8) , ten (10) or twelve (12) hours per day but not less than forty (40) or more than forty-eight (48) hours per week (if his job has operated at 48 hours per week during his absence.)
An employee who is laid off, quits or is discharged,  and who meets the eligibility requirements for vacation and has not had a vacation after becoming eligible therefore shall receive his vacation pay at the time of such layoff, quit or discharge.
Time lost by an employee for a period of at least an entire payroll week, due to a bona fide sickness supported by a physician’s certificate or other unusual hardship, acceptable to the Company, may be applied to any vacation time to which such employee is entitled if the employee so requests.
Employees will receive pay for holidays as defined in this agreement occurring during vacation period, unless an election has been made under the paragraph following immediately.
Holidays, legal or otherwise, which may occur during the time an employee is on vacation shall not extend the employee’s vacation period. Provided, however, that any employee who elects to receive time off for a holiday, as defined in this Agreement, which occurs during his vacation period, may at the time of this election prior to his/her vacation designate another day, more than thirty (30) days after his vacation period, and be entitled to time off on that day, having already received holiday pay. Provided, further, that no more than five (5) percent of the employees shall be permitted to elect any one alternate day, and that no premium shall attach, in any manner, to such holiday.
The vacation pay for a vacation of one or more weeks shall be forty (40) hours pay per week at the employee’s regular hourly rate.
The vacation pay will be paid on the regular payday for the period of the employee’s vacation. However, an employee may receive vacation pay (40 hours) before he leaves for vacation time off provided such request is made in writing to the Company at least fourteen (14) days prior to the date his vacation is scheduled to start.
For the employee who requests that vacation be applied because of time lost due to bona fide sickness as described above, the vacation shall be paid on the first regular payday occurring not less than ten (10) days following the date this employee makes such request.

Exhibit 10.30

In the event of death of an employee after becoming eligible for a vacation but before taking a vacation, the amount of vacation pay to which he would have been entitled shall be paid to his proper legal representative.
Employees can reserve vacation time to be used one day at a time. Employees with a total of four (4) weeks of vacation time can reserve two (2) weeks (80 hours) of vacation and employees with less than four (4) weeks of vacation time can reserve one (1) week (40 hours) of vacation. These days of vacation have to be taken in whole days depending on the employee’s regular work schedule. For example: If an employee’s regular work schedule is for an eight (8) hour work day, then his day at a time vacation will be eight (8) hours. If an employee’s regular work schedule is for ten (10) hour work day, then his day at a time vacation will be ten (10) hours. If an employee’s regular work schedule is for twelve (12) hour work day, then his day at a time vacation will be twelve (12) hours. Days at a time vacation are not subject to being paid prior to the employee taking the vacation time off. Employees requesting a day at a time vacation have to schedule the vacation day prior to the day requested. Two weeks’ notice is preferred. Employees who have completed the 90 day probationary period are eligible for personal days. One personal day is allowed every six (6) months. The six (6) month periods are June 1st - November 30th and December 1st - May 31st. Personal days cannot be carried over into the next six (6) month period. Un-used personal days will be paid at the end of each six (6) month period at the employee’s regular hourly rate. Personal days are intended to help employees with scheduled activities such as doctor and dentist appointments, school activities, etc...... Prior notice of absence is expected when possible. The employee will receive time off depending on his regular work day schedule. For example: If the employee’s regular work day is (8) hours the employee will receive eights (8) hours pay. If the employee’s regular work day is ten (10) hours  the  employee  will  receive  ten (10) hours pay. If the employee’s regular work day is twelve (12) hours the employee will receive twelve (12) hours pay. Personal Days do not count as hours worked, therefore personal days do not count toward the 40 hours required before overtime starts to accumulate.

ARTICLE 10 - Hours of Work
1.Eight (8), ten (10), or twelve (12) consecutive hours (exclusive of lunch period) shall constitute a standard day’s work and forty (40) hours shall constitute a standard week’s work. The Company shall determine the starting and quitting time and the number of hours to be worked. However, before the starting time is changed, the Company will confer with the Union. Eight (8), ten (10), twelve (12) consecutive hours plus lunch periods, within any period of twenty- four (24) hours, shall constitute a shift.
2.All time worked over forty (40) hours in any one week, shall be paid for at the rate of time and one- half.  Reference overtime language in Article 19, Item 19.
3.The opportunity for overtime work assignments shall be based on seniority among qualified employees in the classification in which overtime work is being performed.
An employee absent from work for any reason on the day that daily overtime is assigned will be deemed to have had an opportunity to perform overtime work.
Equalization of overtime work shall be based on a calendar month-to-month cycle. Any employee believing he has been unreasonably denied an equal opportunity for overtime work during any calendar month may raise the 

Exhibit 10.30

question under Article 16. The “date of origin” under Paragraph 1 (a) of that Article shall be the last day of the calendar month in which the alleged unequal treatment took place.
If it is decided that the employee’s allegation has merit, the employee will be placed in a preferential position to perform overtime turns sufficient to remedy the unequal treatment.
When notice is given concerning casual overtime worked one (1) hour before the end of an employee’s shift, on any day the Company may require employees to perform overtime work to the extent of securing the number of employees for which overtime work is assigned, based on the inverse order of seniority among qualified employees plant wide in the classification in which overtime work is being performed. For weekend overtime the Company will give a one and one-half (11⁄2) days notice for 1st shift employees and give a two (2) days notice for 2nd and 3rd shift employees. For example: Weekend overtime work for 8 hour shifts (Monday through Friday) will require a notification by noon on Thursday for 1st and 2nd shift and on Wednesday for 3rd shift. Overtime work for 10 hour shifts (Monday through Thursday) will require a notification by lunch break of 1st shift on Wednesday for 1st and 2nd shifts. If the Company does not notify the affected employee as required above, the affected employee will be considered not scheduled to work weekend overtime. Weekend overtime greater than six hours will include paid lunch.
However, first choice for casual overtime work shall be given to the employee or employees actually performing the work on the day on which the overtime is necessary.
Employees refusing under such circumstances to perform overtime work will be subject to discharge.
Casual overtime, or daily overtime, is that work outside regular working hours, which occurs from time to time, and which is not pre-scheduled. Scheduled overtime is that work which is pre- scheduled no later than the previous day, generally by department or larger entities, and becomes a part of the scheduled workday.
4.Employees  who  have   not   been   notified at quitting time and are called in for work after completion of their regular scheduled workday shall receive a minimum of four (4) hours’ pay at his regular hourly rate.
5.When it becomes necessary, the Company will make every effort to notify the employees of reduced working schedules by posted or individual notices on or before the close of the previous day’s shift. Should the Company not so notify and an employee reports for work the next morning, he shall be allowed to work at least four (4) hours at his regular hourly rate or be paid for four (4) hours if work is not available which he can do. Employees who were not at work the preceding day may not claim this benefit. In cases of emergency beyond the control of the employer, or absence of an employee at time of notice, it may not be possible to give advance notice of lack of work. In such cases, there will be no “call-in” pay for employees reporting to work.
6.All payroll will be made via direct deposit. Direct deposits of employee’s pay shall be weekly and paid every Friday. Direct deposits will be computed Monday through Sunday inclusive of hours worked of the preceding week.
7.Double time will be paid for hours worked  on Sunday, except for hours worked on Sunday by an employee whose regular shift begins on Saturday and ends on Sunday or begins on Sunday and ends on Monday. There will be no duplication of pay under this provision and any other provision.

Exhibit 10.30

REST PERIODS
Employees shall be granted two (2) rest periods per day not to exceed ten (10) minutes each, one during the earlier part of the shift and one during the later part of the shift. The times at which such rest periods are taken are to be determined by the employee’s foreman or other designated Management representatives. Employees who are required to work during their foregoing rest periods will receive additional pay for such periods equal to their regular straight time rate of pay.

ARTICLE 11 - Holidays
1.The following days shall be recognized as holidays for the purpose of this Agreement: New Year’s Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Day after Thanksgiving, Day before Christmas, Christmas Day.
When any of these holidays fall on a Saturday  or Sunday, Friday or the following Monday will be recognized as a holiday.
Employees shall be paid for the holidays provided they meet all of the following eligibility requirements:
a.If the holiday falls on a day on which the employee would  normally  have  been  scheduled  to work had a holiday not occurred, the Company shall not disqualify such employee by changing  such normal schedules for the purpose of avoiding payment for the holiday.
b.Except during his authorized vacation period, the employee’s working at least eight hours during the week in which the holiday occurs.
c.An employee who is scheduled  and  agrees to work on a holiday and is absent for any reason except sickness, death in the family, or some similar extraordinary circumstance is not eligible for holiday pay.
d.The holiday pay shall be at the employee’s regular hourly rate for eight (8) hours.  Employees assigned to the 10-hour/12-hour rotating schedule who work their regular scheduled 10-hour/12-hour shift on the assigned holiday will receive 10 hours/12 hours holiday pay at their regular rate. Employees assigned to the 10-hour/12-hour rotating schedule whose regularly scheduled working day does not fall on the holiday will receive 8 hours holiday pay at their regular rate.
e.It is the policy of the Company to avoid working on holidays covered by this contract. No work will be performed on these holidays unless absolutely necessary to meet customer delivery requirements. Two and one-half times will be paid for hours worked on these holidays. It is understood that this two and one-half times includes the regular holiday pay to which an employee would be entitled had he not worked and that there will be no duplication of pay under this provision and any other provision.

ARTICLE 12 - Seniority
1.For purposes of this Agreement, plant-wide seniority shall prevail for transfers, recalls, layoff, promotions, demotions, and shift preference as vacancies occur subject to giving consideration to the qualifications, which shall include experience, ability, physical fitness, and efficiency required by the job. A seniority list of all employees shall be supplied by the Company to the Union each three (3) months, which, if not questioned by the Union within 

Exhibit 10.30

seven (7) calendar days after receipt, shall be conclusive for the purposes of this Agreement. A seniority list and classifications will be posted on the first day of each month.
2.An employee shall lose his seniority under the following conditions:
a.If he resigns or voluntarily quits;
b.If he is terminated for just cause;
c.If he has less than two (2) years seniority at the time of layoff and remains in layoff status for more than one (1) year;
d.If he has two (2) or more years of seniority at the time of the layoff and remains in layoff status for more than three (3) years.
e.If he fails to return to work upon the expiration of an approved leave of absence or his vacation;
f.If he fails to return to work at the appropriate time upon being recalled from layoff;
g.If he has not been actively employed due to disability twenty-four (24) consecutive months.
3.All newly hired employees shall be considered to be on probation for a period of ninety (90) working days. The duration of the probationary period may be extended by mutual agreement of the Company and the Union. At the end of the probationary period, the employee’s seniority should be measured from his or her most recent hire date. Probationary employees may be discharged without recourse to the Grievance and Arbitration procedures. During the probationary period, the employee shall not be eligible to participate in employee benefit programs or the receive pay for any time not actually worked, such as vacation or holiday, as may be available to employees who have completed their probationary period.

LAYOFFS
1.When a reduction of forces is necessary, the Company will post the names of the employees to be laid off two (2) days, excluding Saturdays, Sundays, or holidays, prior to such reduction, unless cancellations of orders, changes in customer’s requirements, breakdown, accidents or other emergency makes such notice impossible. A copy of the posted list of employees to be laid off will be given to the local  Union at the time of posting. Any questions of grievance arising from such reduction of forces must, if possible, be presented within the two (2) day period of such notice.
2.During periods of layoff or cutback the Company will adjust the active work force by transferring employees, on the basis of seniority, to other classifications where needed, and for which they are qualified to immediately perform the full requirements of the job available; provided however that for available jobs in Classification 1 the employees affected need only have minimum qualifications which are defined as not requiring direct supervision, and requiring no more than familiarity instruction.  In either case, qualifications will be determined on the basis of the affected employee having previously bid on the classification and performed the available job; temporary transfers thereto; previous experience; individual knowledge, physical abilities; and skills.
Applying the foregoing provisions, such transfers shall be made within the department in which the layoff or cutback has occurred. Only in the event such transfers cannot be effected within the department are such transfers to take place outside the department, pursuant to the foregoing provisions. In the event an employee otherwise 

Exhibit 10.30

would transfer to a classification within his department which is more than three (3) job classifications below his present classification, such employee may elect to be transferred outside the department pursuant to the foregoing provisions, Classifications and incumbents of classifications within a particular department are determined solely by the Company on the basis of the type of product normally worked upon by the employees in their respective classification. If a job is eliminated, the employee shall be trained in that classification and not removed from that classification. Departments are to be pipe manufacturing and maintenance.

RECALL
When the work force is to be increased, qualified employees in a classification on layoff will be recalled before additional hiring is accomplished for that classification.
In recalling employees, the Company will notify employees to be recalled by telephone, if feasible, of the date on which they are expected to return to work. 
If personal contact is not made by telephone, the Company will notify employees to be recalled by Certified Mail, Return  Receipt Requested,  mailed to the last address given by the employee to the Company.
It will be the responsibility of the employee to notify the Company by telephone, if feasible, of his intention to return to work on the designated date before 4:00 p.m. of the second day following delivery of the Company’s certified letter.
If contact by telephone is not feasible, the employee shall notify the Company of his intention to return to work on the designated date by notifying the Company by Certified Mail, Return Receipt Requested, which shall be mailed prior to the end   of the second day following the delivery of the Company’s certified letter.
In the interim period, or in the event of an emergency, the Company may recall any employee for a period not to exceed three (3) days, provided efforts for the emergency recalls are made by seniority.
When recall is  complete,  it  is  the  sense  of  the parties that employees will be returned to the classifications they held prior to layoff, if sufficient work in their classification is available.

JOB VACANCIES AND PROMOTIONS
New jobs, classifications or vacancies,  which are not filled by stand-by employees, other than additional general helpers and laborers will be posted (two copies) on the Bulletin Board for a period of three (3) workdays.  A job bid is active for 60 days.
Applications for such opportunities shall be made on both copies (one for the Company, one for the Union) during this three day period, and may be withdrawn only prior to the time the award is made. If the job is not a full-time job, it shall be posted in the same manner and called a stand-by job, and when the job becomes a full-time job, the employee who successfully bids the stand-by job for that operation shall automatically become the full-time operator. Standby operators shall be paid the same and considered on the same basis as full-time operators while they are performing the duties of the full-time operators. A stand-by operator shall be considered a full-time operator when the job becomes a full-time job or when he works over fifty percent (50%) of his time on the job 

Exhibit 10.30

for any six (6) month period.
An  employee  will  be  given  a  reasonable trial period on a new job or in a new classification. If retained therein at the end of thirty days (sixty days for welding operators), it will be presumed the employee is qualified. If deemed unsatisfactory prior thereto, he will be returned to the job he held prior to the bid. Other employees affected by a move of this type will likewise be returned to their previous job.
An employee may bid downward to a lower paying job, when biding on a new job, classification or vacancy, for health reasons only. In such downward bid, he must be presently fully qualified to perform the work without additional training. If successful in such bid, the employee will not be permitted to bid in either direction on any job a full 12 calendar month period from the time he began work on the lower paying job. An employee who has been cutback from an earlier classification during a cutback or layoff period may elect to remain in the classification to which he was cut back with withdrawal. Withdrawals are permitted in only two circumstances - withdrawal of a bid before an award is made; and the type withdrawal set forth in this paragraph.
At the beginning of this contract term, the Company will designate those employees who are presently stand-by operators, and may from time to time post other stand-by jobs for bid. When a job has no stand-by operator, or when a stand-by operator is not available, that is, not at work on the premises at the time, temporary vacancies may be filled without regard to seniority for a period of thirty (30) days in filling a temporary vacancy, and employee working regularly at a job in a lower classification, but who has previously worked regularly at the temporarily vacant job, will, if he has seniority over other employees similarly situated, be given preference over other employees in filling the temporary vacancy. However, if such vacancy continues beyond thirty (30) days because of illness, leave of absence, vacation or other cause of the employee regularly assigned to the job, then the Shop Committee and Management will meet in an effort to fill the vacancy either by continuing the employee temporarily selected or selecting another employee for such additional period of time as may be agreed upon. If such vacancy cannot be filled from among employees within the bargaining unit then the Company may employee a new employee to fill the job. Employees who are transferred from their regular job in order to fill a temporary vacancy as described above will be paid their regular rate or the rate of the job to which they are transferred, whichever is higher.
In lieu of actually moving the proper employee to the temporary vacancy, the Company, in its discretion, may elect to compensate the employee for the difference in compensation involved. Compensation will be limited to one employee.
A stand-by operator, or any employee, who takes the job of an operator, or any other employee, on a temporary basis--that is, when the operator or other employee is absent because of illness, leave of absence, vacation, or other such temporary absence-shall acquire no rights to such job over the operator or other employee, regardless of seniority.
In the event it is determined that no present employee with seniority is qualified to fill the position in question, then the Company may hire a new employee to fill the position.
An employee may bid on a posted job when absent from work, if not on extended disability, by contacting the Local Union President. The Company will supply the Local Union President the names of employees that are not present when a job is posted.

Exhibit 10.30

ARTICLE 13 - Absenteeism
1.To maintain efficient production schedules, the parties insist on regular, punctual attendance of
all employees.
2.Chronic absenteeism or chronic tardiness will be cause for discharge or other disciplinary action.
3.An employee who has previous knowledge  of an absence from work shall notify the Company 30 minutes prior to the beginning of their scheduled shift.
In emergency situations, or where unexpected events cause an absence from work, an employee must notify the Company as soon as possible on the day of such absence and provide the reason therefore. Employees who fail to provide notice, as provided above, for three successive workdays shall be considered as voluntary quits.

ARTICLE 14 - Safety and Health
1.Both parties to this Agreement will strive to improve the safety conditions for the protection of employees and to agree to police this provision so as to insure against unnecessary injury to the employee and costly interruption to operation. Neither party will uphold needless or careless acts calculated to injure an employee or his fellow workers.  The Company and Union agree to meet and review Safety concerns monthly. The Company and Union shall discuss the appointment of their respective committee members. The Local Union President will always be included in the meeting or shall designate his/her representative for each meeting.  Each party shall rotate the chair.
2.The Company will furnish without cost to the employees all protective equipment deemed necessary by the Company. All such items shall be checked  out to the employee who shall be responsible for its safekeeping and care. Failure of this responsibility by the employee shall result in the cost of the item being deducted from his next check. The Company will pay a differential of $150.00 per pair for Safety Shoes, purchased and worn regularly by employees while on duty. Employees who regularly work in the pickling operation will be eligible to receive this payment twice per year. Should employees be required by law to wear hard hats and ear plugs, they will be furnished by the Company. The Company will supply cold weather clothing to employees assigned to jobs that requires them to be outdoors on a daily basis.
3.The Union shall designate at least two (2) safety committeemen in the Plant. These committeemen shall be part of the Plant’s safety committee which shall meet monthly with the company’s representative in an effort to improve safety conditions and practices in the Plant.
4.An employee shall not be required to work on a job which will be dangerous to life or limb.
5.The Company agrees to equip a satisfactory First Aid Station.
6.Should an employee suffer a job-related, compensable injury, he shall be paid for the balance of the day on which the injury occurred.

ARTICLE 15 - Shop Committee
1.The Union Shop  Committee  shall  consist  of not more than four (4) members, one of whom shall be designated as Chairman. There may be one additional committeeman for the night shift.

Exhibit 10.30

2.The Union Shop Committee shall be recognized as the Plant Grievance Committee and  all disputes resulting from the application and/or interpretation of this agreement shall be handled by said Committee with the assistance of the Union International Representative in cases where such assistance is deemed necessary by the Committee.
3.The Union shall notify the Company in writing of the names of the Shop Committee, and the Company shall furnish in writing to the Union the names of its Supervisors.

ARTICLE 16 - Grievance Procedure
1.All grievance and/or disputes arising out of the application or interpretation of the provisions of the Agreement shall be handled in accordance with the following procedure. Employees may be discharged during their probationary period without recourse to the grievance and arbitration procedures.
a.The aggrieved employee shall register his grievance within two (2) workdays from the date of origin of his alleged grievance with his immediate foreman, or he may  request  his  foreman  to  call  the grievance committeeman in his area and the committeeman shall be called as soon as possible, but not later than the end of the shift in which the request is made.
b.Failing satisfactory adjustment within two
(1)workdays after being presented to the immediate foreman, the grievance shall be reduced to writing by the Shop Committee and appealed to the Superintendent within two (2) workdays thereafter and the Superintendent shall forthwith offer to meet with the Shop Committee within two (2) workdays for the purpose of adjusting said grievance. The Superintendent shall within two (2) workdays after such meeting has been held give a written acceptance to the grievance.
c.Failing satisfactory adjustment in Step  b.,  the President of the Company or his designated representative shall be notified in writing within five (5) days after the written answer provided for in Step a. has been received. The President of the Company or his designated representative shall meet with the Shop Committee and the International Representative on the 2nd and/or 4th Monday of each month to discuss grievances for which a formal appeal has been made. These meetings may be held on other dates which may be more convenient to the parties by mutual agreement. The President of the Company or his designated Representative shall, within five (5) days after such meeting has been held, give written answer to the Shop Committee with a copy to the International Representative.
a.Should a grievance fail to be settled as provided above, either party may submit the matter to arbitration by giving written notice of its desire   to do so to the other party. The Arbitrator shall be selected in the following manner: The Company and the Union shall jointly request the Federal Mediation and Conciliation Service to name seven (7) available Arbitrators. Chosen by a toss of a coin, the winner shall strike the name of one Arbitrator, and alternately each party shall strike another, the remaining last name to be the person to serve as the Arbitrator.
b.The Arbitrator shall promptly inquire into all matters affecting the complaint and shall within thirty
(30) days of his appointment render his decision in writing, and said decision shall be final and binding upon the parties to this Agreement. One half of the expense of the Arbitrator shall be paid by each party.
c.Arbitrated matters shall be confined to the meaning and application of the provisions of this Agreement.

Exhibit 10.30

2.The Union International Representative may be requested to, and shall have the right to; assist in the adjustment of any and all grievances after Step b. of the grievance procedure has been invoked.
3.The Union International Representative shall have access to the Company’s property during working hours for the purpose of ascertaining if the provisions of the Agreement are being complied with. The Union International Representative shall obtain from the Company, specific authorization for each visit and such visits shall be subject to such regulations as may be made from time to time by the Company.
4.The Company will not impose regulations which will exclude the Union International Representative from its property, nor render ineffective the intent of the foregoing paragraph.
5.Grievances not reduced to writing by the Shop Committee and not appealed to the superintendent within six (6) workdays from the date of origin of the alleged grievance shall not be considered under this grievance procedure.
When a negative answer is given to a grievance at any step, or when no answer is given to a grievance at any step, the appeal to the next step must be accomplished within the time limits set forth. Otherwise, the appeal shall be deemed to have been waived.
The aggrieved employee may be present at all steps of the grievance procedure. In group grievances, the group may be represented by not more than two employees.

ARTICLE 17 - Leave of Absence
1. Upon written request of the Union, a leave of absence without pay will be granted to any employee to serve as a full-time representative of the Union. Leave of absence shall be for a period of one (1) year, subject to annual renewal by mutual agreement. In no event will the number of employees so serving exceed one. Employees serving as full-time representatives of the Union shall maintain and accumulate seniority. The Company will not arbitrarily withhold leaves of absence without pay to not more than five (5) employees to attend Union, State or National Conventions and Conferences. 
An employee may request up to 30 day personal leave of absence per Company policy.

ARTICLE 18 - Supervisory Employees
Supervisory employees shall not perform work on any hourly rated job classification if the result would be to displace an employee in the bargaining unit, but this will not prevent such work: (1) in emergency; (2) when regular employees are not available, including such times as when employees are being called in;
(1)in the instruction or training of employees; (4)
in testing materials and production; and (5) in the performance of necessary work when production difficulties are encountered. Lead persons shall be appointed by, and serve at, the discretion of management. Lead persons are the point of contact only when their supervisor is absent from the plant or away from the work area, including his office, for an extended period of time. An employee has the right to refuse a Leadman position.

Exhibit 10.30

ARTICLE 19 - General
1.The Company will provide a Union Bulletin Board in a suitable location in the Plant and will post thereon notices of Union Meetings and Union activities as may be submitted by the Union for such posting.
2.The parties hereto agree that there shall be no Union activities on Company time, except that which is specifically provided for in this Agreement.
3.The Company agrees that it will furnish all present and new employees with a copy of the current contract between the Company and the Union. And the Union will be included in the new hire orientation. They will also be furnished with copies of the Insurance Program. The Company will pay the cost of printing these booklets which shall have the Union Label.
4.The Company agrees that all employees will be furnished a copy of the current Shop and Safety Rules for which they will acknowledge receipt by their signature.
5.The Company agrees to furnish the Secretary of the Local Union with a list of separations from employment and new hires on a monthly basis.
6.When circumstances permit, deductions will be made from payments to employees for Virginia State Income Tax.
7.No contract or agreement affecting the employees of this Company to whom this Agreement applies shall be entered into between the Company and any employee or group of employees other than their certified representative, that will in any way conflict with or supersede this Agreement or any extension thereof.
8.When the Company adopts a plant rule or changes a plant rule, the Company will inform the Union prior to posting and immediately furnish a copy to the Local Union President. The rule will be presumed to be valid and in force when posted. If the Union desires to challenge the rule because it is deemed in conflict with the terms of this Agreement, it must do so in writing within five (5) calendar days of the time a copy was furnished to the Union. Otherwise, the rule shall, in fact, be valid.
9.Employees who have been continuously employed for one year at the time of entering the Armed Forces of the United States under the Universal Military Training and Service act shall receive two (2) weeks pay, based on the employee’s average earnings for the preceding six months. The Company and the Union agree  to follow the provisions of the Universal Military  Training and Service Act, as amended, in connection with the reinstatement of employees of the Company who have been discharged from the military and naval  services of the United States.
10.A Labor-Management Participation Team Program will be implemented as soon as practicable.
11.The Union may review any new test developed in-house by the Company after the effective date of the Agreement and make suggestions regarding such tests.
12.Written warning letters are to be removed from an employee’s record eighteen (18) months after the issuance of the said letter, provided that the offense involved has not been repeated within the 18-month period.
13.The Company agrees that if during the life of this agreement the facility covered by this agreement is sold, leased, transferred or assigned, the Company shall inform the purchaser, lessee, transferee or assignee of the exact terms of this agreement. Bristol Metals, LLC shall not assign this collective bargaining agreement to another party without the prior written consent of the Union, which consent shall not be unreasonably withheld, conditioned of 

Exhibit 10.30

delayed.
14.Up to three (3) representatives of the Local Union may address hourly new hires during the new employee orientation process.
15.A total of up to $200.00 will be paid annually (on a calendar basis) as a Tool allowance for eligible Class 7 Maintenance and Class 6 PM Techs.  There will be no carry over amounts with regard to this program.  In other words, if an employee submits receipts of less than $200.00 in the current calendar year period, that amount will not be added to the next year. Employees will receive payment, on a quarterly basis for submitted Supervisor authorized receipts through the Payroll Department in the form of direct deposit. To be eligible, a new employee must have completed the 90-day probationary period.  For new employees in the first year of eligibility, the total amount paid will be subject to a pro-rated monthly calculation.
16.Class 7 Maintenance Technician Testing Procedure - The class 7 Maintenance Technician is a tested position.  A bid will be posted as per the normal posting procedures.  Interested candidates that sign the bid will be given a test.  The contents of the test are at the discretion of the company.  The tests will be graded, and the bargaining unit is welcome to review the tests for the grading accuracy.  For safety reasons only, those that score 85% will be eligible.  If more than one person achieves 85% then seniority will determine the candidate.  If no one passes the job will be posted to the outside.  The same test will be required with the same grade as the internal test.  The bargaining unit will again have the right to review the test of an outside candidate.
17.Preventative Maintenance Tests/Score (PM Tests) - The Company and Union agree to an 80% passing score on the Preventative Maintenance test with seniority prevailing over the 80% passing grade.
18.Snow Removal: When snow removal is required it shall be given to the incoming shift by seniority for their respective area.  Respective areas shall include all areas within the fence including but not limited to entry ways and sidewalks.  Snow removal of the parking lot shall be contracted out.  If employees are called in to perform snow removal, seniority shall prevail for that area and classification.
19.To clarify the contractual language on overtime the following shall prevail for the remainder of the current CBA. Overtime shall be awarded on a daily basis to the employee assigned and doing the job on which the overtime is needed (daily/casual overtime).  All other overtime shall be considered scheduled overtime.  It shall be noted that if an employee is asked the day before if they wish to work overtime, this is considered scheduled overtime. The Classification for which the overtime is occurring shall be awarded the overtime by seniority to the employees in that Classification first, those qualified to perform the work per the contract.  If an employee is absent or is on vacation, this shall be counted as if they were asked to perform overtime and shall be counted as such in the equalization hours of overtime.  If no employee wished to take such overtime, the least senior qualified shall be forced to work such overtime. A list of overtime will be provided on a monthly basis to the Local Union President.  All hours refused by employees for overtime shall be included on this list and will be kept track of by the Company. Equalization of overtime will be utilized as per the contract when situations arise that an employee believes he has been unreasonably denied an equal opportunity for overtime. This agreement is to clarify existing contractual language.
20.It is not the intent of the Company to displace work currently performed by bargaining unit employees.  The 

Exhibit 10.30

Company will consider such factors as economics, availability of specific expertise, equipment, warranty or guarantees involved, and deadlines in making the decision to subcontract.  The Company agrees to inform the Union when situations exist that call for outside contractors.

ARTICLE 20 - Group Insurance
Bargaining Unit employees will be eligible for whatever insurance programs the Company’s hourly non-bargaining unit employees are eligible, subject to applicable provisions of the parties Supplemental Agreement dated December 9, 2004 (details shall be contained in booklets to be published and distributed to employees following the execution of this Agreement.)  The Company provides short term disability insurance. See APPENDIX “B” for how the weekly medical/ dental rates will be calculated.

ARTICLE 21 - 401(k) Plan
The Company is authorized to make required changes to the 401(k) Plan now in effect to comply with current law.  The Company’s contribution will change from 3% to 4% in year 2 of this contract.

ARTICLE 22 - Vocational Training
The Company agrees to pay the entire cost of vocational training for any employee who successfully completes a related course of study in any bona fide vocational or correspondence school provided that such employee gives advance notice to the Company of his desire to take a course of study and both the course of study and the school are approved by the Company in advance. Any employee taking such a course of study must furnish to the Company satisfactory evidence of having successfully completed it in order to receive reimbursement from the Company for the cost of the course. In addition to vocational training, the Company will maintain an apprenticeship program for maintenance to be utilized to advance employees into maintenance as deemed necessary.

ARTICLE 23 - Jury Duty
An employee who is called to serve on  jury duty during a regularly  scheduled  workday  shall  be paid by the Company for such time lost from work thereby, the difference between the amount received by him for such service and the amount he would have earned at work, it being the intent of the parties that this sentence provides no more or no less than that required by the current laws of the State   of Tennessee. In the event such laws are changed, modified, or become invalid during the term of this Agreement, the parties agree to meet for the purpose of discussing the effect of such change, modification, or invalidation.
It shall be a condition of the foregoing that an employee notify the Company at the time he is called to such duty; that an employee so serving secure from the Clerk of Court and submit to the Company certification of the days he served, the amount he was paid, and the time he was released.
Any employee who is released from jury duty, after having served less than three (3) hours, will be required to report for the remainder of first shift or at their regularly scheduled starting time if working 2nd or 3rd shift. Third 

Exhibit 10.30

shift employees will be excused without pay from work for the shift immediately preceding any day of jury service unless the employee elects to work.

ARTICLE 24 - Bereavement Leave
In the event an employee is absent on a scheduled work day as a result of a death in the immediate family
i.e. the employee’s wife, husband, parents, or children (including those legally adopted and stepchildren), grandparents, brothers, sisters, mother-in-law or father-in-law, he shall be paid one (1) day pay at his regular straight - time rate for each day lost up to a maximum of three (3) days. In addition, employees will be paid one (1) day bereavement at their regular straight time rate with regard to a death of a brother in-law, sister in-law, daughter-in-law or son-in-law.
Unpaid leaves to attend the funeral of relatives not members of the immediate family will be considered on a case-by-case basis.
ARTICLE 25 - Termination
All provisions of this Agreement  shall  remain in full force and effect through July 31, 2024, and at midnight on said date this contract shall expire.
IN WITNESS WHEREOF, the Company and the Union affix their signatures to this Agreement on the __ day of ______.

Exhibit 10.30

Exhibit 10.30

APPENDIX “A”

	
								
	Classification
	2019
	2020
	2021
	2022
	2023
	2024

	1
	14.55
	14.99
	15.36
	15.74
	16.13
	16.53

	2
	16.26
	16.75
	17.17
	17.60
	18.04
	18.49

	2+
	16.94
	17.45
	17.89
	18.34
	18.80
	19.27

	3
	18.49
	19.04
	19.52
	20.01
	20.51
	21.02

	3+
	19.26
	19.84
	20.34
	20.85
	21.37
	21.90

	4
	20.13
	20.73
	21.25
	21.78
	22.32
	22.88

	4+
	20.97
	21.60
	22.14
	22.69
	23.26
	23.84

	5+
	21.11
	21.74
	22.28
	22.84
	23.41
	24.00

	6
	21.19
	21.83
	22.38
	22.94
	23.51
	24.10

	7
	21.71
	22.36
	22.92
	23.49
	24.08
	24.68

	Lead persons will receive an additional $1.50 per hour.

Exhibit 10.30

APPENDIX “B”
Changes in Synalloy Corporation’s Health Benefits Effective January 1, 2019
Starting in 2010 whereby the employee contributions will be based on the total cost of our group medical per employee. Each of the four tiers of employee contributions will be based on a percentage of the total cost per employee of the health plan. This cost-sharing concept will be a partnership between employees and the company to continue to provide excellent healthcare coverage and to work together to control healthcare costs.

The cost per employee per year (PEPY)  in  2018 was $12,537. Going forward, the plan will call for employees to pay a percentage of the PEPY cost as follows: Employee only - 20%; Employee + Child(ren) - 20%; Employee + Spouse - 20% and Employee + Full Family - 20%. Our company will transition into this by doing a step-up model that increases the percentages over a five year period to get to the final percentages that are listed above.

For 2019, the employee contributions will be as follows:

Employee Contributions based on Tier % of $12,537
	
				
	2019 CDHP Plan
	Annual
	 Monthly
	Weekly

	EE Only 18%
	$1,131.00
	  $94.25
	$21.75

	EE + Child(ren) 18%
	$1,979.40
	$164.95
	$38.07

	EE + Spouse 18%
	$2,262.12
	$188.51
	$43.50

	EE + Family 18%
	$2,827.68
	$235.64
	$54.38

	
				
	2019 Buy-Up Plan
	Annual
	Monthly
	Weekly

	EE Only 18%
	$1,413.96
	$117.83
	$27.19

	EE + Child(ren) 18%
	$2,474.52
	$206.21
	$47.59

	EE + Spouse 18%
	$2,828.04
	$235.67
	$54.39

	EE + Family 18%
	$3,535.08
	$294.59
	$67.98

For years 2020 through 2024, the percentages are listed below. The employee contribution  is  based  on a percentage of the actual  medical  costs  from the previous year. That number will be calculated annually and can go up or down.

	
						
	 
	2020
	2021
	2022
	2023
	2024

	EE Only
	19%
	19%
	20%
	20%
	20%

	EE + Child(ren)
	19%
	19%
	20%
	20%
	20%

	EE + Spouse
	19%
	19%
	20%
	20%
	20%

	EE + Family
	19%
	19%
	20%
	20%
	20%

Exhibit 10.30

INDEX BY PAGE & ARTICLE NUMBER

Cover Page ....................................................... Pg. 1
Table of Contents ............................................. Pg. 2
Preamble .......................................................... Pg. 3 
Article  1 - Recognition................................... Pg. 3
Article  2 - Management.................................. Pg. 5
Article  3 - Check Off Provisions.................... Pg. 6
Article  4 - Check Off Authorization..............  Pg. 10
Article 5 - No Discrimination......................... Pg. 12 
Article 6 - Wages ............................................ Pg. 13
Article 7 - Shift Assignments & Preference ... Pg. 18 
Article 8 - Profit Sharing ................................ Pg. 20 
Article 9 - Vacations/Paid Time Off ............... Pg. 23 
Article 10 - Hours of Work.............................. Pg. 34
Article 11 - Holidays ....................................... Pg. 39
Article 12 - Seniority....................................... Pg. 41
Article 13 - Absenteeism ................................. Pg. 51
Article 14 - Safety and Health......................... Pg. 52
Article 15 - Shop Committee .......................... Pg. 54
Article 16 - Grievance ..................................... Pg. 54
Article 17 - Leave Of Absence........................ Pg. 58 
Article 18 - Supervisory Employees ............... Pg. 59
Article 19 - General........................................  Pg. 60
Article 20 - Group Insurance............................Pg. 67
Article 21 - 401(k) Plan.......... ...................... Pg. 68
Article 22 - Vocational Training ...................... Pg. 68 
Article 23 - Jury Duty...................................... Pg. 69
Article 24 - Bereavement ................................ Pg. 70
Article 25 - Contract Termination ................... Pg. 71 
Contract Signatures.......................................... Pg. 72
Appendix “A”, Wage Rate Table ..................... Pg. 73
Appendix “B”,  Health Benefits....................... Pg. 74

Exhibit 10.30

Unity and Strength for Workers

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