Document:

EX-10.1

 

EXHIBIT 10.1

	 	 	 	 	 
	 

	 	OFFER OF LOAN
	 	Page 1 of 12

	 	 	 
	BY:

	 	INVESTISSEMENT QUÉBEC, a legal person constituted pursuant to the
Act respecting Investissement Québec and La Financière du Québec
(R.S.Q., c. I-16.1), having its head office at 1200 Route de
l’Église, Suite 500, Sainte-Foy (Québec), G1V 5A3 and having a
place of business at 393 Rue Saint-Jacques, Suite 500, Montréal
(Québec), H2Y 1N9, hereinafter referred to as IQ.
	 
	 	 
	TO:

	 	RTI-CLARO, INC., a legally constituted legal person having its
principal place of business at 8140 Rue Lafrenaie, Saint-Léonard
(Québec) H1P 2A9, hereinafter referred to as the Company.

THIS OFFER CANCELS AND REPLACES THE ONE ISSUED TO THE COMPANY AS OF JUNE 26, 2006.

1. LOAN

	 	1.1	 	IQ offers the Company a loan of five million one hundred and seventy-five thousand dollars
($5,175,000), hereinafter referred to as the Loan, on the terms and conditions set out herein
and in Schedules 1 and 2.

2. CONTRACT

	 	2.1	 	The acceptance of this Offer of Loan by the Company constitutes a binding contract for IQ and
the Company.

3. PROJECT

	 	3.1	 	The Loan is offered only for the new equipment acquisition project for implementation of a
new production line for large aircraft parts. Moreover, the aim of the project is the
acquisition of land and construction of a building to install the existing production line,
dedicated to small aircraft parts, and to install the new production line contemplated by the
project. The project will be carried out on Rue Ernest-Cormier in Laval, hereinafter referred
to as the Project, which, accompanied by its financing, is established as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Total	 	Eligible	 	 
	PROJECT	 	Expenditures	 	Expenditures	 	FINANCING
	Equipment
	 	$	25,500,000	 	 	$	25,500,000	 	 	IQ interest-free loan	 	$	5,175,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Equipment
contingencies
	 	$	2,550,000	 	 	$	2,550,000	 	 	Internal funds	 	$	22,875,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Land and building
	 	$	16,750,000	 	 	 	 	 	 	Bank loan for land and building	 	$	16,750,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	$	44,800,000	 	 	$	28,050,000	 	 	 	 	$	44,800,000	 

	 	3.2	 	The Company declares that it began the Project on April 7, 2006 and
undertakes to complete it no later than April 6, 2009. For the purposes of this Offer,
the Project completion date will be the latter date or any other previous date
confirmed in writing by the Company to IQ as the date when the Project was completed.

	 	 	 	 	 
	 
	 	 
	 	 
	Initials of the IQ 

Representative
	 	Initials of the Company

representative
	 	Initials of the Surety

 

 

	 	 	 	 	 
	 

	 	OFFER OF LOAN
	 	Page 2 of 12

4. DISBURSEMENT

	 	4.1	 	IQ shall disburse the Loan a maximum of five (5) disbursements, over the period of
implementation of the Project, if the Company is not in default of any of the terms and
conditions of this Offer. Each disbursement shall be equal to eighteen point forty-five
percent (18.45%) of the Eligible Expenditures contemplated in the request for disbursement, up
to a maximum of five million one hundred and seventy-five thousand dollars ($5,175,000), so as
to comply with the proportion of the Loan regarding the Project’s Eligible Expenditures.
However, for the last disbursement, IQ may withhold up to twenty percent (20%) of the amount
of the Loan until all of its terms and conditions are met.

5. COMMITMENTS TO FULFILL BEFORE DISBURSEMENT OF THE FUNDS

	 	5.1	 	The first disbursement of the Loan shall be made only once IQ has obtained, to its
satisfaction:

	 	5.1.1	 	a written confirmation from the parent company, RTI
International Metals, Inc., to the effect that it will make the necessary funds
available to the Company to implement the Project, at its new Laval plant;
	 
	 	5.1.2	 	a copy of the loan agreement concerning the financing of the
land and building, accompanied by a firm turnkey contract, duly signed, for the
construction of the building in Laval;recent certificates of attestation;
	 
	 	5.1.3	 	the legal opinions of the Company’s external counsel on the
Company’s corporate status and its capacity to borrow and that the agreement
constitutes valid commitments that bind the Company in accordance with its
provisions, on the validity of the Suretyship, the capacity of the Surety to
grant the Suretyship, their enforceability and any other matter that IQ may
require;
	 
	 	5.1.4	 	the Suretyship of RTI International Metals, Inc., according to
the terms and conditions of Schedule 2.

	 	5.2	 	Prior to each disbursement of the Loan, including the first one, the Company shall have
remitted to IQ, in a form that will be satisfactory to it, a request for disbursement
accompanied by a report on the degree of implementation of the Project, and on the new Jobs
created, its most recent internal financial statements accompanied by the most recent publicly
available financial statements of RTI International Metals, Inc., and a certificate of its
external auditors certifying the Eligible Expenditures contemplated in the request for
disbursement and showing how these expenditures have been financed.

	 	5.3	 	Prior to the last disbursement of the Loan, the Enterprise shall have provided IQ with a
report conforming the complete implementation of the Project and confirming that all the
equipment which is the object of disbursements by IQ has been installed at its Laval plant,
and a certificate of its external auditors attesting to the Eligible Expenditures made
regarding the Project.

6. OTHER COMMITMENTS

	 	6.1	 	Effective from the date of acceptance of this Offer and for the entire term of the Loan, the
Company undertakes to:

	 	6.1.1	 	maintain a minimum working capital ratio of one point five to one point zero
(1.5 : 1.0); the “working capital ratio” being obtained by dividing the total short
term assets by the total short term liabilities;

	 	 	 	 	 
	 
	 	 
	 	 
	Initials of the IQ 

Representative
	 	Initials of the Company

representative
	 	Initials of the Surety

 

 

	 	 	 	 	 
	 

	 	OFFER OF LOAN
	 	Page 3 of 12

	 	6.1.2	 	make Eligible Expenditures for a minimum amount of five million
dollars ($5,000,000);
	 
	 	6.1.3	 	disclose promptly any other financial assistance granted for the
purposes of the Project, it being understood that the cumulative financial
contributions obtained for the Project, including the participating interests in
the form of share capital and loan guarantees, coming from government
departments or bodies (federal and provincial) shall not exceed fifty percent
(50%) of the total cost of the Project;
	 
	 	6.1.4	 	provide any authorized representative of IQ, on reasonable
advance notice and during normal business hours, with reasonable access to its
premises where any document related to the Project is found and to the Company’s
premises, its relevant books related to this Offer and other documents related
to the Project in order to inspect and evaluate the progress and results of the
Project;
	 
	 	6.1.5	 	honour the other commitments stipulated in Section 8 of Schedule 1.

7. INTEREST RATE

	 	7.1	 	The Loan shall not bear interest.
	 
	 	7.2	 	Notwithstanding subsection 7.1, in the event of the Company’s default under the
terms hereof, any amount then due and payable by the Company shall thereupon bear
interest effective from the date of receipt of a request from IQ to this effect, up to
and including the date of repayment of the total amount owed to IQ, the whole at the
annual rate equal to IQ’s weekly variable rate, which is currently established, for
reference purposes only, at seven point five percent (7.5%) per year. For the purposes
hereof, the weekly variable rate prevailing at IQ is equal to the average prime rate of
six (6) Canadian chartered banks selected by IQ, expressed on an annual basis and
increased by one and a half percent (1.5%). This rate is reviewed once a week and is
thus subject to weekly variation.
	 
	 	7.3	 	The Company hereby accepts any variation of the weekly variable rate that IQ may
determine from time to time and that IQ will take into account in the calculation of the
interest on the Loan. Any statement of account sent to the Company by IQ shall
constitute incontestable proof of the accuracy of this calculation, should the Company
fail to notify IQ of the contrary within ten (10) days of receipt of any such statement
of account.

8. REPAYMENT OF THE LOAN

	 	8.1	 	The Company shall benefit from a moratorium on the principal repayment of the Loan for a
period of twenty-four (24) months effective from the first disbursement of the Loan.

	 	8.2	 	At the end of the moratorium stipulated in subsection 8.1, to the extent that the Loan has be
disbursed in full, the Company shall repay the principal of the Loan in sixty (60) monthly,
equal and consecutive payments of eighty-six thousand two hundred and fifty dollars ($86,250)
each, payable on the last day of each month. If the Loan has not been disbursed in full, the
Company shall repay the balance of the principal disbursed in sixty (60) monthly, equal and
consecutive payments, payable on the last day of each month.

	 	8.3	 	For the purposes of repayment of the Loan by means of manual or electronic debits from the
Company’s bank account, as explained in section 9 of Schedule 1 entitled “GENERAL TERMS AND
CONDITIONS OF THE LOAN”, the Company confirms that, on the date of acceptance of this Offer,
it

	 	 	 	 	 
	 
	 	 
	 	 
	Initials of the IQ 

Representative
	 	Initials of the Company

representative
	 	Initials of the Surety

 

 

	 	 	 	 	 
	 

	 	OFFER OF LOAN
	 	Page 4 of 12

does business with the bank or financial institution, which name appears on the cheque.

9. COMMITMENT FEE

	 	9.1	 	This Offer is subject to the payment of management fees, hereinafter referred to as the
Commitment Fee, of one point twenty-five percent (1.25%) of the amount of the Loan, namely
sixty-four thousand six hundred and eighty-seven dollars and fifty cents ($64,687.50).

	 	9.2	 	IQ acknowledges that it has received the amount of thirty-seven thousand five hundred dollars
($37,500) in partial payment of the Commitment Fee. This Commitment Fee, the balance of which
shall be paid to IQ upon acceptance of this Offer, is not refundable under any circumstances,
in whole or in part.

	 	9.3	 	This Commitment Fee, which shall be paid to IQ upon acceptance of this Offer, is not
refundable in any circumstances, in whole or in part.

	 	9.4	 	The mere cashing of the Commitment Fee shall not create any right in favour of the Company
and shall in no way oblige IQ to make any disbursement on the Loan, since these rights and
obligations can be generated only provided that the terms and conditions mentioned in this
Offer are met.

10. OTHER PROVISIONS

	 	10.1	 	Schedule 1 and Schedule 2, respectively entitled “GENERAL TERMS AND
CONDITIONS OF THE LOAN” and “SURETYSHIP”, are an integral part of this Offer.
	 
	 	10.2	 	Only the French version of this Offer shall be considered official and, in
all cases, it shall prevail over any translation that might accompany it.
	 
	 	10.3	 	The Company and the Surety acknowledge that the stipulations contained in
this Offer and in its schedules entitled “GENERAL TERMS AND CONDITIONS OF THE LOAN”
and “SURETYSHIP” have been discussed freely between them and IQ and that they have
received adequate explanations of their nature and extent.

INVESTISSEMENT QUÉBEC

Per:
          
                                                                       
 Date:                                         

Hélène Guay

Director, Major Accounts

Specialized Financing Division

Per:
        
                                                                         
 Date:                                         

Claude B. Proulx

Director of Specialized Financing

	 	 	 	 	 
	 
	 	 
	 	 
	Initials of the IQ 

Representative
	 	Initials of the Company

representative
	 	Initials of the Surety

 

 

	 	 	 	 	 
	 

	 	OFFER OF LOAN
	 	Page 5 of 12

ACCEPTANCE BY THE COMPANY

After studying the terms and conditions set out in this Offer and in the schedules entitled
“GENERAL TERMS AND CONDITIONS OF THE LOAN” and “SURETYSHIP”, we accept this Offer of Loan and
attach a cheque for twenty-seven thousand one hundred and eighty-seven dollars and fifty cents
($27,187.50) in payment of the Commitment Fee amounting to sixty-four thousand six hundred and
eighty-seven dollars and fifty cents ($64,687.50).

This cheque bears all the necessary information to enable IQ, as the case may be, to repay any
amount owed under this Offer, by electronic debits.

RTI-CLARO, INC.

	 	 	 	 	 	 	 	 	 
	Per:

	 	 	 	Date:	 	 	 	 
	 

	 	 

Signature
	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Name of authorized signatory	 	 	 	 	 	 

SURETY

RTI INTERNATIONAL METALS, INC.

	 	 	 	 	 	 	 	 	 
	Per:

	 	 	 	Date:	 	 	 	 
	 

	 	 

Signature
	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Name of authorized signatory	 	 	 	 	 	 

	 	 	 	 	 
	 
	 	 
	 	 
	Initials of the IQ 

Representative
	 	Initials of the Company

representative
	 	Initials of the Surety

 

 

	 	 	 	 	 
	 

	 	OFFER OF LOAN
	 	Page 6 of 12

SCHEDULE 1

GENERAL TERMS AND CONDITIONS OF THE LOAN

	1.	 	This contract shall be governed by the laws of Québec and, in the event of contestation, the
courts of Québec shall have sole jurisdiction. Moreover, this Offer is subject to the
application of the terms and conditions set out in the Act respecting Investissement Québec
and La Financière du Québec (R.S.Q., c. I-16.1) and its programs.
	 
	2.	 	By its acceptance of this Offer, the Company declares that all the information it has
furnished to IQ is true.
	 
	3.	 	For the purposes of this Offer, the following terms have the meaning given to them
hereinafter unless the context requires a different meaning:
	 
	 	 	“Equity” means the amount, according to the Company’s balance sheet, (a) of its paid-up
capital, including all new capital investments by shareholders in the form of subscriptions
in the Company’s share capital, (b) its contributed surplus, (c) its retained earnings, (d)
loans granted to the Company and not involving any principal repayment for the next 5 years,
(e) advances extended by the shareholders, (f) subsidies from the federal, Québec or
municipal governments that have been carried over, and (g) any other item of a similar
nature; however, Equity excludes deferred expenses, unpaid goodwill, appraisal surpluses,
loans granted or guaranteed by government bodies and other items of a similar nature, and
research expenses and other intangibles that will have been capitalized and that will not
have been paid in cash by the Company;
	 
	 	 	“Case of Default” means any of the defaults under the terms of Section 9;
	 
	 	 	“Material Change” means any change, as the case may be, that risks having a material adverse
affect on the implementation of the Project or a Major element thereof;
	 
	 	 	“Eligible Expenditures” means the expenditures indicated in Section 3 of this Offer, provided
that they have been incurred, paid and capitalized by the Company, and, as the case may be,
the Eligible Capital Expenditures indicated in Section 3 of this Offer; excluded are Eligible
Expenditures for which the Company is entitled to receive refundable tax credits from the
Government of Québec and those that benefit from any financial assistance from the Government
of Québec;
	 
	 	 	“Eligible Capital Expenditures” means the capital expenditures indicated in Section 3 of this
Offer, provided that they have been incurred and paid by the Company; excluded are Eligible
Expenditures for which the Company is entitled to receive refundable tax credits from the
Government of Québec and those that benefit from any financial assistance from the Government
of Québec;
	 
	 	 	“Long-Term Debt” means the sum of the financial obligations the Company is not normally bound
to discharge during the current fiscal year and which appear under “Long-Term Liabilities” in
its balance sheet;
	 
	 	 	“Major Element” means the legal existence of the Company, its financial position, its
operating results, its capacity to carry on its business, to hold its property or to fulfill
its general obligations or its obligations under the terms of any credit or security
agreement to which it may be party;

	 	 	 	 	 
	 
	 	 
	 	 
	Initials of the IQ 

Representative
	 	Initials of the Company

representative
	 	Initials of the Surety

 

 

	 	 	 	 	 
	 

	 	OFFER OF LOAN
	 	Page 7 of 12

	 	 	“Job” means any permanent job held on a basis of no less than 40 weeks per year, including
vacation weeks, and including a minimum of 30 hours per week.
	 
	4.	 	No significant change shall be made to the Project without IQ’s prior written consent. If the
actual cost of the Project exceeds the forecast total, the Company shall provide or ensure
that its shareholders provide the amounts necessary to cover any amount in excess of the
forecasts, in a manner that IQ shall deem satisfactory, before the balance of the Loan is
disbursed. If the Eligible Capital Expenditures (OR the Capital Expenditures) actually
incurred by the Company in respect of the Project turn out to be less than the total Eligible
Capital Expenditures (OR the total Capital Expenditures) forecast under “PROJECT”, IQ
reserves the right to reduce the amount of the Loan proportionally.
	 
	5.	 	For each disbursement of the Loan, the Company shall submit an application in writing. In
support of each request, it shall submit any voucher required by IQ.
	 
	6.	 	The Loan may be disbursed directly by IQ to the Company’s bank account, by written notice
issued by the bank or the financial institution with which IQ does business. However, IQ
reserves the right to disburse the Loan by means of cheques if it considers this disbursement
mode preferable under the circumstances.
	 
	7.	 	The Company hereby authorizes IQ to make any payment, by manual or electronic debits, that
the Company must make to IQ in respect of this Agreement. For this purpose, the Company hereby
authorizes the bank or the financial institution with which it does business to honour the
debits made by IQ.
	 
	 	 	IQ shall send in advance a monthly debit note to the Company containing all the information
relating to the repayment to be made by the Company.
	 
	 	 	The Company undertakes to renew the authorization appearing above if it changes banks or
financial institutions before the Loan is repaid in full and to inform IQ of this change by
providing it with a cheque specimen from its new bank or financial institution marked “VOID”
and containing all the necessary information.
	 
	 	 	The Company accepts that the repayment of any amount owing pursuant to this Offer be made by
means of cheques if IQ considers this payment mode preferable under the circumstances.
	 
	8.	 	Effective from the date of acceptance of this Offer and for the entire term of the Loan, the
Company undertakes to:

	 	8.1	 	furnish its internal annual financial statements, as presented for tax purposes,
within one hundred and twenty (120) days of the end of any fiscal year and its audited
consolidated financial statements (when the Company must have them prepared according to
generally accepted accounting practices recognized by the Canadian Institute of
Chartered Accountants); also furnish, on request, its financial statements, those of its
subsidiaries and its consolidated financial statements, as the case may be, for any
period determined by IQ within the time limit prescribed in such request;
	 
	 	8.2	 	furnish the audited consolidated annual financial statements of RTI International
Metals, Inc., when made available to the public;

	 	 	 	 	 
	 
	 	 
	 	 
	Initials of the IQ 

Representative
	 	Initials of the Company

representative
	 	Initials of the Surety

 

 

	 	 	 	 	 
	 

	 	OFFER OF LOAN
	 	Page 8 of 12

	 	8.3	 	furnish a written confirmation of the renewal and the conditions of its bank line
of credit on an annual basis or a written confirmation by the Company to the effect that
it benefits from adequate financing from RTI International Metals, Inc., allowing it to
carry on its operations suitably, including the implementation of the Project,
throughout the term of this financial intervention, within a time limit of forty-five
(45) days of publication of the Company’s annual financial statements;
	 
	 	8.4	 	not amend its articles of incorporation constituting documents or its authorized
and issued share capital, including not issuing new shares of its share capital or
purchasing, redeeming, converting or exchanging any shares of its share capital without
the prior written agreement of IQ;
	 
	 	8.5	 	not merge, wind up or dissolve itself without the prior written agreement of IQ;
	 
	 	8.6	 	not grant any loan or advance to its shareholders, directors or officers outside
the normal course of its operations, without having obtained IQ’s written agreement in
advance;
	 
	 	8.7	 	transact on a business basis and at “arm’s length” in its commercial relations
with any person;
	 
	 	8.8	 	obtain the prior written agreement of IQ before declaring or paying any dividend
to one or more classes of shareholders;
	 
	 	8.9	 	not grant loans or advances to affiliated or related companies, not make
investments or grant security, except in the normal course of its operations, and
notably, except for the securities granted pursuant to a loan agreement financing the
land and building as indicated in section 3.1 of this Offer;
	 
	 	8.10	 	not move a substantial portion of its assets out of Québec without having
obtained the prior written authorization of IQ;
	 
	 	8.11	 	ensure that there is no change not authorized in advance by IQ in the control of
the Company;
	 
	 	 	 	control means holding of shares entailing a sufficient number of voting rights to
allow the election of the majority of the directors of the Company.
	 
	 	8.12	 	insure and keep insured against all risks the assets included in the Project, up
to their replacement value, or take out and maintain in force any insurance policy
required by IQ and furnish to IQ, on request, with a copy of the insurance policies thus
taken out and their renewal. In the event that the Company is in default of compliance
with this commitment, IQ may remedy it, at the Company’s expense, without prejudice to
any other right in its favour;
	 
	 	8.13	 	not dispose of its assets except as permitted by IQ, as the case may be;
	 
	 	8.14	 	disclose promptly to IQ any litigation or proceedings before a law court, a
commission or a government agency to which it is a party;
	 
	 	8.15	 	maintain its operations related to the Project for a minimum period of 5 years effective from
the date when it will have completed the Project, except as concerns the periods necessary to
permit the Company to proceed with maintenance or replacement of equipment that is obsolete or
can no longer be used in the normal course of its operations

	 	 	 	 	 
	 
	 	 
	 	 
	Initials of the IQ 

Representative
	 	Initials of the Company

representative
	 	Initials of the Surety

 

 

	 	 	 	 	 
	 

	 	OFFER OF LOAN
	 	Page 9 of 12

	9.	 	Notwithstanding any contrary provision contained in this Offer and even if the conditions
have been honoured, IQ reserves the right, at its discretion, to cancel the Loan or any
undisbursed portion thereof, defer disbursement and cancel the interest moratorium, as the
case may be, and the Company undertakes to repay, on demand, all or part of the amounts
disbursed on the Loan, with interest, fees and accessories, in the following Cases of
Default:

	 	9.1	 	if the Project is not completed by the date stipulated in this Offer;
	 
	 	9.2	 	if the Company has not submitted any request for disbursement within six (6)
months of acceptance of this Offer;
	 
	 	9.3	 	if the Loan is not disbursed in full by July 6, 2009;
	 
	 	9.4	 	if the total amount of the financial assistance granted, in any form whatsoever,
by the Government of Québec and its departments and bodies, including the refundable tax
credits, exceeds fifty percent (50%) of the Eligible Expenditures of the Project;
	 
	 	9.5	 	if a minimum of five million dollars ($5,000,000) of Eligible Capital
Expenditures are not realized by the Company under the Project if the Company interrupts
or abandons the Project in whole or in part;
	 
	 	9.6	 	if the Company assigns its property, is under a receivership order pursuant to
the Bankruptcy and Insolvency Act (R.S.C. (1985) c. B-3), makes a proposal to its
creditors or commits an act of bankruptcy pursuant to the said Act, avails itself of the
provisions of the Act to facilitate compromises and arrangements between companies and
their creditors (R.S.C. (1985), c. C-36) or if it is under a winding-up order pursuant
to the Winding-Up Act (R.S.Q., c. L-4) or any other law to the same effect, or if its is
insolvent or on the verge of becoming insolvent, or if it does not maintain its legal
existence or if its financial position, in the opinion if IQ, deteriorates so as to
jeopardize its survival;
	 
	 	9.7	 	if the Company losses the benefit of term in respect of any loan that has been
granted to it or has been the object of a demand for repayment of any loan payable on
demand;
	 
	 	9.8	 	if the Company is in default under the terms of an agreement or a warranty deed
in respect of its borrowing;
	 
	 	9.9	 	if, in the opinion of IQ and without its consent, a material change occurs in the
Project or in its financing, in the nature of the Company’s operations or, in general,
in the risk level;
	 
	 	9.10	 	if the assets constituting the Project are liquidated;
	 
	 	9.11	 	if the Company has paid Eligible Capital Expenditures (OR Eligible Expenditures)
for the implementation of the Project before the date of receipt by IQ of the Company’s
request for financing;
	 
	 	9.12	 	in the event of an error or omission in a representation, reticence,
misrepresentation, fraud or falsification of documents on the part of the Company;
	 
	 	9.13	 	if the Company encumbers or disposes in any manner of its capitalized assets
included in the Project without the prior written consent of IQ, except for the purpose
of carrying on its business or enterprise and in the normal course of its business, and
notably, except for the securities granted pursuant to a loan agreement financing the
land and building as indicated in section 3.1 of this Offer;

	 	 	 	 	 
	 
	 	 
	 	 
	Initials of the IQ 

Representative
	 	Initials of the Company

representative
	 	Initials of the Surety

 

 

	 	 	 	 	 
	 

	 	OFFER OF LOAN
	 	Page 10 of 12

	 	9.14 if the Company is in default of performance of any of the conditions and clauses
of this Offer.

	10.	 	IQ reserves the right, during the term of the Loan, to require any document that it may
consider useful or relevant.
	 
	11.	 	The Company shall furnish, at IQ’s request, the certificates or documents required in
accordance with the laws of Québec.
	 
	12.	 	The Company may not assign or transfer the rights conferred to it under the terms of this
Offer without the prior written consent of IQ.
	 
	13.	 	The Company shall sign a term note or an acknowledgment of debt in the amount of each of the
disbursements of the Loan.
	 
	14.	 	Any interest not paid at maturity shall bear interest itself effective from that date at the
rate stipulated in this Offer, without notice or warning.
	 
	15.	 	If the amount of the Loan is not disbursed in full by October 6, 2009, IQ shall require
payment of an indemnity, calculated on a daily basis, effective from the aforementioned date,
at one percent (1%) per year, on the undisbursed balance of the Loan, so as to maintain this
balance at the Company’s disposal (hereinafter referred to as the Standby Fee) and payable on
the last day of each month effective from the last day of the month following the
aforementioned date.
	 
	 	 	The Company may request the cancellation of any undisbursed balance and the Standby Fees
shall cease to accrue effective from the date of receipt by IQ of such written request.
	 
	16.	 	By accepting this Offer, the Company consents that a public announcement be made by IQ or by
its responsible Minister, communicating the following information: the name and address of the
Company, the type of business, the nature and budget of the Project, the amount of the Loan
and the number of Jobs involved Any such announcement shall receive the prior approval of the
Company which shall not withhold or delay its approval without justification.
	 
	17.	 	If the Company wishes to announce the Project officially or proceed with an official
inauguration, it shall advise IQ fifteen (15) days in advance, so as to permit it or its
responsible Minister to participate.
	 
	18.	 	The Company undertakes to discharge all the expenses pertaining to the preparation and
registration, as the case may be, of the documents necessary to give legal effect to this
Offer and to any amendment thereto.
	 
	19.	 	The Company undertakes to pay all the costs incurred by IQ to exercise its rights under the
terms of this Offer, including those permitting it to obtain performance of all of the
Company’s obligations to protect, execute or preserve any security granted to guarantee the
Loan or proceed with an appraisal of the Company’s assets at IQ’s request, including, in
particular, all court costs, fees, charges or other legal expenses, and the costs and fees of
agents, trustees or others.
	 
	20.	 	IQ, on prior notice to the Company, may enter the Company’s premises during normal business
hours for the purposes of audits considered useful or necessary.
	 
	21.	 	For the purposes of this Offer and its schedules entitled “GENERAL TERMS AND CONDITIONS OF
THE LOAN” AND “SURETYSHIP”, all notices shall be sent in writing, by certified or registered
mail or by delivery in person. The notices coming from IQ shall be sent to the Company’s head
office, to the attention of the authorized representative who will sign the acceptance of this

	 	 	 	 	 
	 
	 	 
	 	 
	Initials of the IQ 

Representative
	 	Initials of the Company

representative
	 	Initials of the Surety

 

 

	 	 	 	 	 
	 

	 	OFFER OF LOAN
	 	Page 11 of 12

Offer for and on behalf of the Company. All notices from the Company or its shareholders
shall be sent to Investissement Québec, at its place of business at 393 Rue Saint-Jacques,
Suite 500, Montréal (Québec), H2Y 1N9, to the attention of its Secretary. All notices shall
be deemed received on the date of their delivery, if delivered in person, or on the third
business day following their mailing by their sender, if sent by certified or registered
mail.

	 	 	 	 	 
	 
	 	 
	 	 
	Initials of the IQ 

Representative
	 	Initials of the Company

representative
	 	Initials of the Surety

 

 

	 	 	 	 	 
	 

	 	OFFER OF LOAN
	 	Page 12 of 12

SCHEDULE 2

SURETYSHIP

Intervening in this Offer are:

RTI INTERNATIONAL METALS, INC., hereinafter referred to as the Surety.

A legally constituted legal person, having its head office at 1000 Warren Avenue, Niles, Ohio
44446, U.S.

	1.	 	The Surety declares that it is to its advantage that the Loan be granted to the Company; it
further adds that it has studied all the provisions contained in this Offer and declares that it is
satisfied therewith.

	2.	 	The Company and the Surety declare that the Surety is a shareholder of the Company or that it
maintains a close and constant business relationship with the Company.

	3.	 	The Surety, as undivided, joint and several surety, hereby guarantees to IQ the repayment of
what the Company will owe to IQ, up to the amount of the principal, interest, fees and
accessories of the Loan and any other amount payable under the terms of this Offer, as these
amounts become respectively due and payable, whether by the passage of time, by extension or
otherwise, in accordance with the provisions contained in this Offer, and also guarantees the
fulfillment by the Company of any other obligation mentioned in this Offer.

	4.	 	The Surety shall be considered and shall find itself in the same status as the Company, and
expressly waives any request for payment, presentation for payment, protest and notice thereof
respectively and any notice of default, and also waives the benefits of division and
discussion.

	5.	 	The Surety consents that IQ obtain and exchange all personal information concerning its
solvency, its financial capacity, its payment behaviour and any other information it considers
relevant with third parties, in particular, financial institutions, creditors and personal
information agents.

	 	 	 	 	 
	 
	 	 
	 	 
	Initials of the IQ 

Representative
	 	Initials of the Company

representative
	 	Initials of the SuretyEX-10.2

 

EXHIBIT 10.2

SECOND AMENDMENT TO

REVOLVING CREDIT AND LETTER OF CREDIT ISSUANCE AGREEMENT

By and Among

RTI INTERNATIONAL METALS, INC.,

as Borrower

and

THE FINANCIAL INSTITUTIONS PARTY HERETO,

as Lenders

and

NATIONAL CITY BANK OF PENNSYLVANIA

and

COMERICA BANK

as Documentation Agents

and

PNC BANK, NATIONAL ASSOCIATION,

as Agent

Dated as of July 25, 2006

and arranged by:

PNC CAPITAL MARKETS, INC.,

as sole arranger

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE I AMENDMENTS TO ORIGINAL CREDIT AGREEMENT
	 	 	1	 
	Section 1.01. Additional Definitions
	 	 	1	 
	Section 1.02. Amendment to Section 7.01
	 	 	2	 
	Section 1.03. Amendment to Section 7.14
	 	 	2	 
	Section 1.04. Addition of Schedule 1.01(d)
	 	 	2	 
	Section 1.05. Revision of Schedule 4.03
	 	 	2	 
	Section 1.06. Revision of Schedule 4.03
	 	 	2	 
	Section 1.07. Revision of Schedule 7.03
	 	 	2	 
	Section 1.08. No Other Amendments
	 	 	2	 
	 
	 	 	 	 
	ARTICLE
II BORROWER’S SUPPLEMENTAL REPRESENTATIONS
	 	 	3	 
	Section 2.01 Incorporation by Reference
	 	 	3	 
	Section 2.02. Corporate Authority
	 	 	3	 
	Section 2.03. Capitalization and Ownership
	 	 	3	 
	Section 2.04. Validity of this First Amendment
	 	 	3	 
	Section 2.05. No Conflict
	 	 	3	 
	Section 2.06. Consents and Approvals
	 	 	3	 
	Section 2.07. Financial Statements
	 	 	3	 
	Section 2.08. Absence of Litigation
	 	 	4	 
	Section 2.09. No Material Adverse Change
	 	 	4	 
	Section 2.10. Full Disclosure
	 	 	4	 
	 
	 	 	 	 
	ARTICLE III CONDITIONS PRECEDENT
	 	 	4	 
	Section 3.01. Conditions Precedent
	 	 	4	 
	 
	 	 	 	 
	ARTICLE IV GENERAL PROVISIONS
	 	 	5	 
	Section 4.01. Ratification of Terms
	 	 	5	 
	Section 4.02. References
	 	 	5	 
	Section 4.03. Incorporation Into Original Credit Agreement
	 	 	5	 
	Section 4.04. Counterparts
	 	 	6	 
	Section 4.05. Capitalized Terms
	 	 	6	 
	Section 4.06. Taxes
	 	 	6	 
	Section 4.07. Costs and Expenses
	 	 	6	 
	Section 4.08. Severability
	 	 	6	 
	Section 4.09. Governing Law
	 	 	6	 
	Section 4.10. Headings
	 	 	6	 

- i -

 

EXHIBITS

Exhibit A Consent to Second Amendment to Revolving Credit and Letter of Credit Issuance Agreement

SCHEDULES

Additional Schedule 1.01(d) — Location of RTI-Claro Facility

Revised Schedule 4.01 — Jurisdictions of Incorporation and Qualification of Borrower and Subsidiaries

Revised Schedule 4.03 — Interests in Subsidiaries and Other Entities

Revised Schedule 7.03 — Other Investments

- ii -

 

SECOND AMENDMENT TO

REVOLVING CREDIT AND LETTER OF CREDIT ISSUANCE AGREEMENT

THIS SECOND AMENDMENT TO REVOLVING CREDIT AND LETTER OF CREDIT ISSUANCE AGREEMENT (this
“Second Amendment”) dated as of July 25, 2006, by and among RTI INTERNATIONAL METALS, INC., an Ohio
corporation (as more fully defined below, the “Borrower”), the financial institutions a party
hereto as lenders, NATIONAL CITY BANK OF PENNSYLVANIA and COMERICA BANK, as documentation agents
(the “Documentation Agents”), and PNC BANK, NATIONAL ASSOCIATION, as agent for each L/C Issuer (as
hereinafter defined) and the Lenders under this Agreement (in such capacity, as more fully defined
below, the “Agent”), is made and entered into with respect to that certain Revolving Credit and
Letter of Credit Issuance Agreement dated as of April 12, 2002, as amended by that certain First
Amendment to Revolving Credit and Letter of Credit Issuance Agreement dated as of June 4, 2004
(such Revolving Credit Agreement, together with the exhibits and schedules thereto and all
amendments, modifications and supplements prior to the date hereof, the “Original Credit
Agreement”), is made by and among the Borrower, the financial institutions a party thereto as
lenders, the financial institutions a party thereto as the documentation agents, the L/C Issuer and
the Agent.

WITNESSETH:

WHEREAS, the Borrower has requested certain amendments to the terms of the Original Credit
Agreement to accommodate of an additional financing undertaken by the Borrower;

WHEREAS, the Borrower, the financial institutions a party hereto as lenders, the Documentation
Agents, the L/C Issuer and the Agent have agreed pursuant to the terms hereof to amend certain
additional provisions of the Original Credit Agreement on the terms set forth below; and

WHEREAS, the Borrower, the Documentation Agents, the Agent, the L/C Issuer and the financial
institutions a party hereto as lenders, acknowledge that PNC Capital Markets, Inc. (“PNC Capital”),
has acted as the lead arranger for this amendment; provided however, PNC Capital is not, and shall
not be, a party to this Second Amendment.

NOW THEREFORE, in consideration of the mutual premises contained herein and other good and
valuable consideration, the Borrower, the financial institutions a party hereto as lenders, the
Documentation Agents, the L/C Issuer and the Agent, with the intent to be legally bound hereby,
agree that the Original Credit Agreement shall be amended as follows:

ARTICLE I

AMENDMENTS TO ORIGINAL CREDIT AGREEMENT

Section 1.01. Additional Definitions. Section 1.1 of the Original Credit Agreement is
hereby amended such that the following definitions shall be added thereto in the appropriate
alphabetical order:

RTI-Claro means RTI Claro, Inc., a Canadian corporation, and its successors and
assigns.

RTI-Claro Facility means, collectively, those certain parcels of land described
in Schedule 1(d) attached hereto, and the buildings, improvements and fixtures attached
thereto or a part thereof or appurtenant thereto (whether now existing or hereafter created
or constructed), comprising a manufacturing facility which produces and integrates machined
components and complex mechanical and electrical assemblies for applications requiring a
high level of precision, together with the administrative offices of RTI-Claro all located
in Laval, Province of Quebec, Canada and owned or to be owned in fee by RTI-Claro, including
without limitation, any equipment and machinery purchased or leased by RTI-Claro and located
on those certain parcels of land described in Schedule 1(d) attached hereto.

Second Amendment means that certain Second Amendment to Credit Agreement among
the Borrower, the Lenders, the Documentation Agents and the Agent dated as of July 25, 2006.

 

 

Second Amendment Closing shall mean the date of execution and delivery of the
Second Amendment and the other Loan Documents by the parties thereto on the Second Amendment
Closing Date.

Second Amendment Closing Date shall mean August 1, 2006.

Second Amendment Effective Date means August 1, 2006.

Section 1.02. Amendment to Section 7.01. Section 7.01 of the Original Credit
Agreement is hereby amended to add a new Subsection 7.01(vii) and Subsection 7.01(viii) and to
amend and restate Subsection 7.01(vi) to read as follows:

               (vi) Indebtedness for borrowed money incurred with respect to the design, construction,
renovation, rehabilitation, repair, improvement and operation of the RTI-Claro Facility by
RTI-Claro; provided the aggregate amount of such Indebtedness outstanding does not exceed
$25,000,000 at any one time;

               (vii) a Guaranty by the Borrower of the Indebtedness of RTI-Claro described in item
(vi) of this Section 7.01; and

               (viii) Other Indebtedness of the Borrower not covered by items (i) through (vii) above,
provided that the aggregate amount of such Indebtedness permitted by this item (viii) shall not
exceed $50,000,000 at any one time outstanding.

Section 1.03. Amendment to Section 7.14. Section 7.14 of the Original Credit
Agreement is hereby amended and restated to read as follows:

          7.14. Limitation on Negative Pledge Clauses. Neither the Borrower nor any of
its Subsidiaries shall enter into any agreement with any Person (other than the Lenders
pursuant hereto) which prohibits or limits the ability of the Borrower or any of its
Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property,
assets or revenues, whether now owned or hereafter acquired; provided that, notwithstanding
the foregoing, RTI-Claro may covenant to any lender that has advanced funds to RTI-Claro for
the design, construction, renovation, rehabilitation, repair improvement or operation of the
RTI-Claro Facility not to create, incur, assume or suffer to exist a Lien upon the RTI-Claro
Facility.

Section 1.04. Addition of Schedule 1.01(d). The Schedule 1.01(d) attached hereto is
hereby deemed appended to the Original Credit Agreement, as amended hereby, as an additional
schedule thereto.

Section 1.05. Revision of Schedule 4.01. Schedule 4.01 to the Original Credit
Agreement is hereby deleted and there is substituted therefore the Schedule 4.01 attached hereto.

Section 1.06. Revision of Schedule 4.03. Schedule 4.03 to the Original Credit
Agreement is hereby deleted and there is substituted therefore the Schedule 4.03 attached hereto.

Section 1.07. Revision of Schedule 7.03 Schedule 7.03 to the Original Credit
Agreement is hereby deleted and there is substituted therefore the Schedule 7.03 attached hereto.

Section 1.08. No Other Amendments. The amendments to the Original Credit Agreement set
forth in Sections 1.01 through 1.07 inclusive above do not either implicitly or explicitly alter or
amend, except as expressly provided in this Second Amendment, the provisions of the Original Credit
Agreement. The amendments set forth in Sections 1.01 through 1.07 hereof do not waive, now or in
the
future, compliance with any other covenant, term or condition to be performed or complied with nor
do they impair any rights or remedies of the Lenders or the Agent under the Original Credit
Agreement with respect to any such violation. Nothing in this Second Amendment shall be deemed or
construed to be a release of, or a limitation upon, the Lenders’, Documentation Agents’ or the
Agent’s exercise of any of their respective rights and remedies under the Original Credit Agreement
and the other Loan Documents,

- 2 -

 

whether arising as a consequence of any Events of Default which may
now exist or otherwise, and all such rights and remedies are hereby expressly reserved.

ARTICLE II

BORROWER’S SUPPLEMENTAL REPRESENTATIONS

Section 2.01. Incorporation by Reference. As an inducement to the Lenders, the
Documentation Agents and the Agent to enter into this Second Amendment, (i) the Borrower hereby
repeats and remakes herein, for the benefit of the Lenders, the representations and warranties made
by the Borrower in Sections 4.01 through 4.26, inclusive, of the Original Credit Agreement, as
amended hereby, except that for purposes hereof such representations and warranties shall be deemed
to extend to and cover this Second Amendment and are remade as of the Second Amendment Effective
Date, and (ii) the Borrower hereby represents and warrants that on and as the Second Amendment
Effective Date that no Default or Event of Default has occurred and is continuing.

Section 2.02. Corporate Authority. As an inducement to the Lenders, the Documentation
Agents and the Agent to enter into this Second Amendment, the Borrower hereby represents and
warrants that the Borrower is duly authorized to execute and deliver this Second Amendment; all
necessary corporate action to authorize the execution and delivery of this Second Amendment has
been properly taken; and it is and will continue to be duly authorized to borrow under the Original
Credit Agreement, as amended hereby, and to perform all of the other terms and provisions of this
Second Amendment and the Original Credit Agreement, as amended hereby.

Section 2.03. Capitalization and Ownership. As of December 31, 2005, the authorized
capital stock of the Borrower consists of 50,000,000 shares of common stock of which 23,131,211
shares are issued and 22,687,139 shares are outstanding, and 5,000,000 shares of preferred stock,
of which no shares were issued and outstanding. All of the capital stock of the Borrower has been
validly issued and is fully paid and nonassessable.

Section 2.04. Validity of this Second Amendment. As an inducement to the Lenders, the
Documentation Agents and the Agent to enter into this Second Amendment, the Borrower hereby
represents and warrants that the execution and delivery of this Second Amendment does not, and the
borrowings contemplated by the Original Credit Agreement, as amended hereby, and the performance by
the Borrower of its obligations under this Second Amendment and the Original Credit Agreement, as
amended hereby, will not contravene any provision of law, of the Borrower’s Certificate of
Incorporation or Bylaws, or the provisions of any agreement to which the Borrower is a party or by
which the Borrower is bound; this Second Amendment constitutes the legal, valid and binding
obligation of the Borrower enforceable in accordance with its terms.

Section 2.05. No Conflict. Neither the execution and delivery by the Borrower of this
Second Amendment, nor the consummation of the transactions herein contemplated, nor compliance with
the terms and provisions hereof or of the other Loan Documents by the Borrower will (i) conflict
with, constitute a default under or result in any breach of (A) the terms and conditions of the
certificate of incorporation, by-laws or other organizational documents of the Borrower or (B) any
Law or any agreement or instrument or order, writ, judgment, injunction or decree to which the
Borrower is a party or by which it is bound or to which it is subject, which conflict, default or
breach would cause a Material Adverse Change, or (ii) result in the creation or enforcement of any
Lien upon any property (now or hereafter acquired) of the Borrower (other than the Permitted
Liens).

Section 2.06. Consents and Approvals. No consent, approval, exemption, order or
authorization of, or a registration or filing with any Official Body or any other Person
is required by any Law or any agreement in connection with the execution, delivery and
carrying out of this Second Amendment.

Section 2.07. Financial Statements.

(i) Financial Statements. The Borrower has delivered to the Agent the consolidated
annual audited financial statements of the Borrower and its Subsidiaries for the Fiscal Year ended
December 31, 2005. All such financial statements are complete and correct in all material respects
and fairly present the consolidated financial condition of the Borrower and its Subsidiaries in all
material respects and the results of their operations as of the dates and for the periods referred
to, and have been prepared in accordance with GAAP throughout the period included.

- 3 -

 

(ii) Accuracy of Financial Statements. The Borrower and its Subsidiaries have no
liabilities, contingent or otherwise, that are not disclosed in the financial statements referred
to in clause (i) above and that would be required to be disclosed in accordance with GAAP, except
for those incurred since the date of such financial statements in the ordinary course of business.

Section 2.08. Absence of Litigation. Except as set forth in the Forms 10-K, 10-Q, or
8-K most recently filed by the Borrower as of the Second Amendment Effective Date, respectively,
there are no actions, suits, investigations, litigation or governmental proceedings pending or, to
the Borrower’s knowledge, threatened against the Borrower or any Consolidated Subsidiary or any of
their respective properties, which would have a Material Adverse Effect on the Borrower and the
Consolidated Subsidiaries taken as a whole, or which purport to affect the legality, validity or
enforceability of this Second Amendment, the Agreement or the Notes.

Section 2.09. No Material Adverse Change. No event has occurred since December 31,
2005, and is continuing which has had or would reasonably be expected to have a Material Adverse
Change.

Section 2.10. Full Disclosure. Neither this Second Amendment nor any Loan Document,
nor any certificate, statement, agreement or other document furnished to the Agent, the L/C Issuer
or any Lender in connection herewith or therewith, contains any misstatement of a material fact or
omits to state a material fact necessary in order to make the statements contained herein and
therein, in light of the circumstances under which they were made, not misleading. There is no fact
known to the Borrower which materially adversely affects the business, property, assets, financial
condition, results of operations or prospects of the Borrower and its Subsidiaries, taken as a
whole, which has not been set forth in this Second Amendment or the Loan Documents or in the
certificates, statements, agreements or other documents furnished in writing to the Agent, the
Lenders or the L/C Issuer prior to or at the date hereof in connection with the transactions
contemplated hereby and thereby.

ARTICLE III

CONDITIONS PRECEDENT

Section 3.01. Conditions Precedent. Each of the following events or conditions shall
be a condition precedent to the effectiveness of this Second Amendment.

(i) The Agent shall have received duly executed counterpart originals of this Second Amendment
executed by the Borrower, the Lenders, the Documentation Agents and the Agent; and the Subsidiary
Guarantors shall have duly executed and delivered the attached Consent of Subsidiary Guarantors;

(ii) The Borrower shall deliver to the Agent a certificate of the secretary or assistant
secretary of the Borrower dated the Second Amendment Closing Date certifying:

(A) the corporate authority of the Borrower to execute, deliver and perform under this
Second Amendment;

(B) the names of the persons authorized on behalf of the Borrower to sign this Second
Amendment, together with the true signatures of such persons; and

(C) that the articles of incorporation and bylaws of the Borrower delivered to the
Agent on the Closing Date remain in full force and effect and have not been modified;

(iii) The Borrower shall deliver to the Agent a certificate of the secretary or assistant
secretary of each Subsidiary Guarantor dated the Second Amendment Closing Date certifying the names
of the persons authorized on behalf of each Subsidiary Guarantor to sign the Consent of Subsidiary
Guarantors, together with the true signatures of such persons;

(iv) The following statements shall be true and correct on the Second Amendment Effective Date
and on the date of the execution and delivery of this Second Amendment by the Borrower:

(A) except to the extent modified in writing by the Borrower heretofore delivered to
the Lenders, the representations and warranties made pursuant to Article II of this Second
Amendment and in the other

- 4 -

 

Loan Documents are true and correct on and as of the Second
Amendment Effective Date and as of the date of the execution and delivery of this Second
Amendment by the Borrower as though made on and as of such date in all material respects;

(B) no Event of Default or event which with the giving of notice or passage of time or
both would become an Event of Default has occurred and is continuing, or would result from
the execution of or performance under this Second Amendment; and

(C) the Borrower has in all material respects performed all agreements, covenants and
conditions required to be performed on or prior to the date hereof under the Original Credit
Agreement and the other Loan Documents;

(v) There shall be delivered to the Agent for the benefit of each Lender a written opinion of
Dawne S. Hickton, Esquire, Senior Vice President of Administration, Chief Administrative Officer
and General Counsel for the Borrower and the Subsidiary Guarantors, dated the Second Amendment
Closing Date and in form and substance reasonably satisfactory to the Agent and its counsel;

(vi) All legal details and proceedings in connection with the transactions contemplated by
this Second Amendment and the other Loan Documents shall be in form and substance satisfactory to
the Agent and its counsel, and the Agent shall have received all such other counterpart originals
or certified or other copies of such documents and proceedings in connection with such
transactions, in form and substance reasonably satisfactory to the Agent and said counsel, as the
Agent or said counsel may reasonably request;

(vii) No Material Adverse Change shall have occurred since December 31, 2005, and no material
litigation shall have been instituted by or against the Borrower or any Subsidiary or any of their
respective material properties or assets; and there shall be delivered to the Agent for the benefit
of each Lender, the L/C Issuer and the Agent a certificate of the Borrower dated the Second
Amendment Closing Date and signed by the Chief Executive Officer, President or Chief Financial
Officer of the Borrower to each such effect;

(viii) All material consents required to effectuate the transactions contemplated hereby shall
have been obtained; and

(ix) Receipt by the Agent of such other instruments, amendments, documents and opinions of
counsel as the Agent shall reasonably require, all of which shall be satisfactory in form and
content to the Agent and its counsel.

ARTICLE IV

GENERAL PROVISIONS

Section 4.01. Ratification of Terms. Except as expressly amended or waived by this
Second Amendment, the Original Credit Agreement and each and every representation, warranty,
covenant, term and condition contained therein is specifically ratified and confirmed in all
material respects. The Borrower expressly ratifies and confirms the waiver of jury trial
provisions contained in the Original Credit Agreement and the other Loan Documents.

Section 4.02. References. All notices, communications, agreements, certificates,
documents or other instruments executed and delivered after the execution and delivery of this
Second Amendment in connection with the Agreement, any of the other Loan Documents or the
transactions contemplated thereby may refer to the Original Credit Agreement without making
specific reference to this Second Amendment, but nevertheless all such references shall include
this Second Amendment unless the context requires otherwise. After the execution and delivery of
this Second Amendment by the Borrower and the effectiveness of this Second Amendment, all
references in the Original Credit Agreement and each of the other Loan Documents to the “Agreement”
shall be deemed to be references to the Original Credit Agreement as amended hereby.

Section 4.03. Incorporation Into Original Credit Agreement. This Second Amendment is
deemed incorporated into, is to be construed in connection with and is made a part of, the Original
Credit Agreement as of the Second Amendment Effective Date. To the extent that any term or
provision of this Second Amendment is or may be deemed expressly inconsistent with any term or
provision of the Original Credit Agreement, the terms and provisions hereof shall control. For
greater certainty, any calculations of the financial covenants under the Original

- 5 -

 

Credit Agreement
for periods ending prior to the Second Amendment Effective Date need only comply with the terms of
the Original Credit Agreement as of the date in question.

Section 4.04. Counterparts. This Second Amendment may be executed in different
counterparts, and by the different parties hereto on separate counterparts, each of which when so
executed shall be regarded as an original, and all such counterparts shall constitute one Second
Amendment. Delivery of an executed signature page of a counterpart of this Second Amendment by
telecopier shall be as effective as delivery of a manually executed counterpart of this Second
Amendment.

Section 4.05. Capitalized Terms. Except for proper nouns and as otherwise defined
herein, capitalized terms used herein as defined terms shall have the meanings ascribed to them in
the Original Credit Agreement, as amended hereby.

Section 4.06. Taxes. The Borrower hereby agrees (i) to pay any and all stamp and
other taxes and fees payable or determined to be payable in connection with the execution,
delivery, filing and recording of this Second Amendment and (ii) to save the Documentation Agents,
the Agent and the Lenders harmless from and against any and all liabilities with respect to or
resulting from any delay in paying or omission to pay such taxes and fees.

Section 4.07. Costs and Expenses. The Borrower hereby agrees to pay all costs and
expenses of the Agent (including, without limitation, the reasonable fees and the disbursements of
the Agent’s special counsel, Tucker Arensberg, P.C.) in connection with the preparation, execution
and delivery of this Second Amendment and the related documents.

Section 4.08. Severability. Any provision of this Second Amendment which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to
the extent of such prohibition or enforceability without invalidating the remaining portions hereof
or affecting the validity or enforceability of such provision in any other jurisdiction.

Section 4.09. Governing Law. THIS SECOND AMENDMENT AND THE RIGHTS AND OBLIGATIONS
HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH
AND GOVERNED BY THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA WITHOUT REGARD TO THE PROVISIONS
THEREOF REGARDING CONFLICTS OF LAW.

Section 4.10. Headings. The headings of the sections in this Second Amendment are for
purposes of reference only and shall not be deemed to be a part hereof.

[Remainder of Page Left Intentionally Blank]

- 6 -

 

IN WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby, have caused this
Second Amendment to Revolving Credit and Letter of Credit Issuance Agreement to be executed by
their respective duly authorized officers as of the date first written above

Borrower:

	 	 	 	 	 	 	 	 	 	 	 
	ATTEST/WITNESS:	 	 	 	RTI INTERNATIONAL METALS, INC., an Ohio	 	 
	 	 	 	 	 	 	corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Agent:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	PNC BANK, NATIONAL ASSOCIATION,	 	 
	 	 	 	 	 	 	as Agent	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	David B. Gookin	 	 
	 

	 	 	 	 	 	Title:
	 	Senior Vice President	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Documentation Agents:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	NATIONAL CITY BANK OF	 	 
	 	 	 	 	 	 	PENNSYLVANIA, as a Documentation Agent	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	COMERICA BANK, as a Documentation Agent	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Lenders:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	PNC BANK, NATIONAL ASSOCIATION	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 	 	 	 	 	Name:
	 	 

David B. Gookin
	 	 
	 

	 	 	 	 	 	Title:
	 	Senior Vice President	 	 

[SIGNATURES OF LENDERS CONTINUED ON NEXT PAGE]

 

[CONTINUATION OF SIGNATURES OF LENDERS TO SECOND AMENDMENT TO

CREDIT AGREEMENT DATED AS OF JULY 25, 2006]

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	NATIONAL CITY BANK OF PENNSYLVANIA	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	COMERICA BANK	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	LaSALLE BANK NATIONAL ASSOCIATION	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	CITIZENS BANK OF PENNSYLVANIA	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 	 	 	 	 	Name:
	 	 

	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	FIFTH THIRD BANK	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 

 

EXHIBIT “A” TO

SECOND AMENDMENT TO REVOLVING CREDIT AND LETTER OF CREDIT ISSUANCE AGREEMENT

DATED AS OF JULY 25, 2006

CONSENT OF SUBSIDIARY GUARANTORS

     The undersigned parties, each a guarantor of the obligations, liabilities and indebtedness of
RTI International Metals, Inc., an Ohio corporation (the “Borrower”), under and pursuant to that
certain Revolving Credit and Letter of Credit Issuance Agreement dated as of April 12, 2002, as
amended (the “Credit Agreement”), by and among the Borrower, the financial institutions a party
thereto as lenders, National City Bank of Pennsylvania and Comerica Bank, as documentation agents,
and PNC Bank, National Association, as agent, hereby consents to the terms, provisions and
conditions of the foregoing Second Amendment to Revolving Credit and Letter of Credit Issuance
Agreement dated as of July 25, 2006 (the “Amendment”); and each of the undersigned does hereby
further acknowledge, confirm and agree that: (a) the undersigned’s obligations under its Guaranty
Agreement dated as of April 12, 2002 or June 4, 2004 (each such Guaranty Agreement, as amended,
modified or supplemented from time to time herein referred to collectively as the “Guaranty”),
relating to the obligations, liabilities and indebtedness of the Borrower guaranteed pursuant to
the terms of the Guaranty, shall be unimpaired by the Amendment or any other prior amendment to the
Credit Agreement; (b) the term “Lender Obligations” as used in the Guaranty includes (as
obligations, liabilities and indebtedness of the Borrower to the Bank absolutely, irrevocably and
unconditionally guaranteed by each of the undersigned), without limiting the definition of the term
“Lender Obligations” as defined in the Guaranty, the due, complete and punctual payment,
performance and observance by Borrower and its successors and assigns of all of the terms,
covenants, conditions, agreements and undertakings on the part of the Borrower to be performed or
observed under (i) the Credit Agreement as amended by the Amendment; (ii) the related loan
documents, and (iii) the reimbursement obligations of the Borrower arising, from time to time, from
the issuance of one or more letters of credit for the account of the Borrower under the terms of
the Credit Agreement; (c) none of the undersigned have any defenses, setoffs, counterclaims,
discounts or charges of any kind against the Bank, its officers, directors, employees, agents or
attorneys with respect to the Guaranty; and (d) all of the terms, conditions and covenants in the
Guaranty remain unaltered and in full force and effect and are hereby ratified and confirmed and
apply to secure the payment of the Lender Obligations (as defined in the Guaranty), as modified by
the Amendment. Each of the undersigned hereby certifies that all representations and warranties
made by the undersigned in the Guaranty are true and correct and remade for the benefit of the
Lenders and agents as of the date of.

     Each of the undersigned hereby ratifies and confirms any and all indemnification and waiver of
jury trial provisions contained in the Guaranty. This Consent shall be construed in connection
with and as part of the Guaranty, and the Guaranty is hereby modified to include this Consent. Any
initially capitalized terms used in this Consent without definition shall have the meanings
assigned to those terms in the Amendment including those definitions from the various Loan
Documents incorporated by reference into the Amendment.

     This Consent of Subsidiary Guarantors is to be attached to, and is to form an integral part
of, the Second Amendment to Revolving Credit and Letter of Credit Issuance Agreement dated July 25,
2006.

     This Consent of Subsidiary Guarantors may be signed in any number of counterpart copies and by
the parties to this Consent of Subsidiary Guarantors on separate counterparts, but all such copies
shall constitute one and the same instrument. Delivery of an executed counterpart of a signature
page to this Consent of Subsidiary Guarantors by facsimile transmission shall be as effective as
delivery of a manually executed counterpart. Any party so executing this Consent of Subsidiary
Guarantors by facsimile transmission shall promptly deliver a manually executed counterpart,
provided that any failure to do so shall not affect the validity of the counterpart executed by
facsimile transmission.

This Consent of Subsidiary Guarantors has been delivered to and accepted by the Bank and will
be deemed to be made in the Commonwealth of Pennsylvania. This Consent of Subsidiary Guarantors
will be interpreted and the rights and liabilities of the parties hereto determined in accordance
with the laws of the Commonwealth of Pennsylvania, excluding its conflict of laws rules.

     WITNESS the due execution hereof as a document under seal, as of July 25, 2006,

 

intending to be legally bound hereby.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	GUARANTORS:	 	 
	WITNESS/ATTEST:	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	BOW STEEL CORPORATION, a Delaware	 	 
	 	 	 	 	 	 	corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	BOW STEEL OF TEXAS CORPORATION, a	 	 
	 	 	 	 	 	 	Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	EARTHLINE TECHNOLOGIES, INC., an	 	 
	 	 	 	 	 	 	Ohio corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 

[Signatures Continued on Next Page]

[Continuation of Signatures to Consent to Second Amendment to Revolving Credit

and Letter of Credit Issuance Agreement]

	 	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	ETCA GP, L.L.C., a Texas limited liability company	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	ETCA LP, INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	EXTRUSION TECHNOLOGY	 	 
	 	 	 	 	 	 	CORPORATION OF AMERICA, an Ohio corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	NATI GAS CO., an Ohio corporation	 	 

- 10 -

 

	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	NEW CENTURY METALS, INC., an Ohio corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	NEW CENTURY METALS SOUTHEAST,	 	 
	 	 	 	 	 	 	INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 

[Signatures Continued on Next Page]

[Continuation of Signatures to Consent to Second Amendment to Revolving Credit

and Letter of Credit Issuance Agreement]

	 	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	PIERCE-SPAFFORD METALS COMPANY,	 	 
	 	 	 	 	 	 	INC., a California corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	RMI DELAWARE, INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	RMI METALS, INC., a Utah corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	RMI TITANIUM COMPANY, an Ohio corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	RTI HERMITAGE, INC., an Ohio corporation, f/k/a	 	 
	 	 	 	 	 	 	RTI COMMERCIAL PRODUCTS, INC.	 	 

- 11 -

 

	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	RTI ENERGY SYSTEMS, INC., an Ohio corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 

[Signatures Continued on Next Page]

[Continuation of Signatures to Consent to Second Amendment to Revolving Credit

and Letter of Credit Issuance Agreement]

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	RTI FABRICATION AND DISTRIBUTION,	 	 
	 	 	 	 	 	 	INC., an Ohio corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	 	 	 	 	(SEAL)
	 	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	RTI FABRICATIONS, L.P., a Texas limited partnership	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	By:	 	ETCA GP, L.L.C., a Texas limited	 	 
	 	 	 	 	 	 	 	 	 	 	liability company, its general partner	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	RTI-ST. LOUIS, INC., a Missouri corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	 	 	 	 	(SEAL)
	 	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	TRADCO, INC., a Missouri corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	 	 	 	 	(SEAL)
	 	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	WELD-TECH ENGINEERING SERVICES,	 	 
	 	 	 	 	 	 	L.P., a Texas limited partnership	 	 

- 12 -

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	By:	 	WELD-TECH GP, INC., a Texas	 	 
	 	 	 	 	 	 	 	 	 	 	corporation, it’s general partner	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	 	 	 	 	(SEAL)
	 	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 	 	 	 	 

[Signatures Continued on Next Page]

[Continuation of Signatures to Consent to Second Amendment to Revolving Credit

and Letter of Credit Issuance Agreement]

	 	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	WELD-TECH GP, INC., a Texas corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS/ATTEST:	 	 	 	WELD-TECH LP, INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:
	 	 	 	(SEAL)
	 

	 

	 	 	 	 	 

	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 

- 13 -

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