Document:

Exhibit 10.1

 

Exhibit 10.1

NATIONAL CITY CREDIT CARD MASTER TRUST

AGREEMENT OF RESIGNATION, APPOINTMENT

AND ACCEPTANCE OF TRUSTEE

     THIS AGREEMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE OF TRUSTEE, dated as of August 3,
2005 (this “Agreement”), is by and among NATIONAL CITY BANK, a national banking association
(the “Bank”), as seller (in such capacity, the “Seller”) and as servicer (in such
capacity, the “Servicer”), THE BANK OF NEW YORK, a New York banking corporation (“BNY
NY” and, in its capacities as resigning Trustee (as defined below), Transfer Agent and
Registrar and Paying Agent, the “Resigning Trustee”), and THE BANK OF NEW YORK (DELAWARE),
a Delaware banking corporation (“BNY DE” and, in its capacities as successor Trustee,
Transfer Agent and Registrar and Paying Agent, the “Successor Trustee”).

RECITALS:

     WHEREAS, heretofore there was authorized and issued by National City Credit Card Master Trust
(the “Trust”) one or more Series of Investor Certificates (the “Securities”) which
remain outstanding as of the date hereof, a complete list of which is set forth in Exhibit A
annexed hereto, under a Pooling and Servicing Agreement, dated as of June 1, 1995, as amended and
restated as of July 1, 2000 (as previously amended and as further amended, restated or otherwise
modified from time to time, the “Base Pooling and Servicing Agreement”), as supplemented by
each Assignment of Receivables in Additional Accounts and Reassignment of Receivables in Removed
Accounts executed and delivered prior to the date hereof (collectively, the “Assignments and
Reassignments”), and as further supplemented, with respect to each such outstanding Series, by
a supplement to the Base Pooling and Servicing Agreement (each, a “Supplement” and each
such Supplement, together with the Base Pooling and Servicing

 

 

Agreement and the Assignments and Reassignments, the “Pooling and Servicing
Agreement”) executed in connection with the issuance of the Securities of such Series, in each
case, by and among the Seller, the Servicer, and BNY NY, as trustee of the Trust (in such capacity,
together with any successors thereto, the “Trustee”);

     WHEREAS, Section 11.07 of the Pooling and Servicing Agreement provides that the Trustee may at
any time resign and be discharged from the trust created by the Pooling and Servicing Agreement by
giving written notice of such resignation to the Servicer, effective upon the acceptance by a
successor Trustee of its appointment as a successor Trustee;

     WHEREAS, Section 11.07 of the Pooling and Servicing Agreement further provides that, if the
Trustee shall resign, the Seller shall promptly appoint a successor Trustee by written instrument;

     WHEREAS, Section 11.08 of the Pooling and Servicing Agreement provides that any successor
Trustee appointed in accordance with the Pooling and Servicing Agreement shall execute, acknowledge
and deliver to the Seller, to the Servicer and to its predecessor Trustee an instrument accepting
such appointment under the Pooling and Servicing Agreement, and thereupon the resignation of the
predecessor Trustee shall become effective and such successor Trustee, without any further act,
deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations
of the predecessor Trustee;

     WHEREAS, pursuant to Section 11.07 of the Pooling and Servicing Agreement, BNY NY desires to
resign as Trustee, and the Seller desires to appoint BNY DE as Trustee under the Pooling and
Servicing Agreement to succeed the Resigning Trustee in such capacity under the Pooling and
Servicing Agreement;

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     WHEREAS, pursuant to Sections 6.04 and 6.07 of the Pooling and Servicing Agreement, BNY NY was
appointed Transfer Agent and Registrar and Paying Agent;

     WHEREAS, pursuant to Sections 6.04 and 6.07 of the Pooling and Servicing Agreement, BNY NY
desires to resign as Transfer Agent and Registrar and as Paying Agent, and the Trustee desires to
appoint BNY DE as Transfer Agent and Registrar and as Paying Agent under the Pooling and Servicing
Agreement to succeed the Resigning Trustee in such capacities under the Pooling and Servicing
Agreement; and

     WHEREAS, BNY DE is willing to accept such appointment as successor Trustee under the Pooling
and Servicing Agreement and as successor Transfer Agent and Registrar and Paying Agent under the
Pooling and Servicing Agreement.

     NOW, THEREFORE, the Servicer, the Seller, the Resigning Trustee and the Successor Trustee, for
and in consideration of the premises and of other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, hereby consent and agree as follows:

ARTICLE 1

THE RESIGNING TRUSTEE

     1.1. The Resigning Trustee hereby acknowledges and confirms, in accordance with its prior
written notice to the Servicer and the Seller, that the Resigning Trustee is resigning as Trustee,
Transfer Agent and Registrar and as Paying Agent under the Pooling and Servicing Agreement.

     1.2. The Resigning Trustee hereby represents and warrants to the Successor Trustee and to the
Seller and the Servicer, as of the date hereof or as of such other date as is expressly referenced
hereunder, that:

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     (a) The Resigning Trustee is a corporation organized, existing and authorized to engage
in the business of banking under the laws of the State of New York, and its principal
corporate trust office is located in New York, New York.

     (b) The Base Pooling and Servicing Agreement, each of the Assignments and Reassignments
and each Supplement, each as of its respective date, was validly and lawfully executed and
delivered by the Resigning Trustee.

     (c) The Resigning Trustee has performed or fulfilled prior to the date hereof its
duties and obligations under the Pooling and Servicing Agreement.

     (d) No covenant or condition contained in the Pooling and Servicing Agreement has been
waived by the Resigning Trustee or, to the best knowledge of responsible officers of the
Resigning Trustee’s corporate trust department, by the Holders of Investor Certificates
evidencing not less than the percentage in aggregate principal amount required by the
Pooling and Servicing Agreement to effect any such waiver, that would be materially adverse
to the interests of the Holders of any Series of Investor Certificates, the Trust or the
parties hereto.

     (e) There is no action, suit or proceeding pending or, to the best knowledge of
responsible officers of the Resigning Trustee’s corporate trust department, threatened
against the Resigning Trustee before any court or any governmental authority arising out of
any act or omission of the Resigning Trustee as Trustee, Transfer Agent and Registrar or
Paying Agent under the Pooling and Servicing Agreement.

     (f) As of the effective date of this Agreement, the Resigning Trustee will hold no
moneys or property under the Pooling and Servicing Agreement.

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     (g) The Resigning Trustee has full power, authority and right to execute, deliver and
perform this Agreement, and has taken all necessary action to authorize the execution,
delivery and performance by it of this Agreement.

     (h) This Agreement has been duly authorized, executed and delivered by the Resigning
Trustee and constitutes the legal, valid and binding obligation of the Resigning Trustee,
enforceable in accordance with its terms against the Resigning Trustee, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws now or hereinafter in effect, affecting the enforceability
of creditors’ rights in general and as such enforceability may be limited by general
principles of equity (whether considered in a proceeding at law or in equity).

     (i) To the best knowledge of responsible officers of the Resigning Trustee’s corporate
trust department without any independent investigation, no event has occurred and is
continuing which is, or after notice or lapse of time would become, a Pay Out Event under
Section 9.01 of the Pooling and Servicing Agreement or under any Supplement.

     1.3. The Resigning Trustee hereby assigns, transfers, delivers and confirms to the Successor
Trustee all right, title and interest of the Resigning Trustee in and to the Trust, under the
Pooling and Servicing Agreement, and all the rights, powers and trusts of the Trustee under the
Pooling and Servicing Agreement, including all right, title and interest of the Resigning Trustee
in and to all Trust Assets (as defined in the Pooling and Servicing Agreement, the “Trust
Assets”), including, without limitation, the Receivables and all moneys on deposit in the
Collection Account, the Special Funding Account and the Series Accounts. The Resigning Trustee
shall execute and deliver such further instruments as shall be provided to it and shall do

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such other things as the Successor Trustee may reasonably require so as to (a) more fully and
certainly vest and confirm in the Successor Trustee all the rights, powers and trusts hereby
assigned, transferred, delivered and confirmed to the Successor Trustee and (b) more fully enable
the Successor Trustee to perform all of its duties and obligations under the Pooling and Servicing
Agreement as Trustee, Transfer Agent and Registrar and Paying Agent.

     1.4. The Resigning Trustee shall deliver to the Successor Trustee, as of or immediately after
the effective date hereof, all of the documents listed in Exhibit B annexed hereto.

     1.5. The Resigning Trustee hereby appoints the Successor Trustee as Transfer Agent and
Registrar and as Paying Agent under the Pooling and Servicing Agreement to succeed to, and hereby
vests the Successor Trustee with, all the rights, powers, trusts, properties, duties and
obligations of the Resigning Trustee under the Pooling and Servicing Agreement from and after the
effective date of this Agreement.

ARTICLE 2

THE SERVICER

     2.1. The Servicer hereby acknowledges the resignation of the Resigning Trustee as Trustee and
as Transfer Agent and Registrar and Paying Agent under the Pooling and Servicing Agreement.

     2.2. Promptly after the effective date of this Agreement, the Servicer shall cause a notice,
substantially in the form of Exhibit C annexed hereto, to be sent to each Rating Agency and any
Series Enhancer entitled thereto pursuant to the relevant Supplement in accordance with the
provisions of Section 11.08(c) of the Pooling and Servicing Agreement.

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     2.3. The Servicer hereby represents and warrants to the Resigning Trustee, to the Successor
Trustee and to the Seller, as of the date hereof or as of such other date as is expressly
referenced hereunder, that:

     (a) The Servicer is a national banking association duly organized, validly existing and
in good standing under the laws of the United States of America.

     (b) The Base Pooling and Servicing Agreement, each of the Assignments and Reassignments
and each Supplement, each as of its respective date, was validly and lawfully executed and
delivered by the Servicer.

     (c) The Servicer has performed or fulfilled prior to the date hereof, and will continue
to perform and fulfill after the date hereof, each covenant, agreement, condition,
obligation and responsibility of the Servicer under the Pooling and Servicing Agreement.

     (d) No event has occurred and is continuing which is, or after notice or lapse of time
would become, a Pay Out Event under Section 9.01 of the Pooling and Servicing Agreement or
under any Supplement.

     (e) No covenant or condition contained in the Pooling and Servicing Agreement has been
waived by the Servicer or, to the best of the Servicer’s knowledge, by the Holders of
Investor Certificates evidencing not less than the percentage in aggregate principal amount
required by the Pooling and Servicing Agreement to effect any such waiver, that would be
materially adverse to the interests of the Holders of any Series of Investor Certificates,
the Trust or the parties hereto.

     (f) There is no action, suit or proceeding pending or, to the best of the Servicer’s
knowledge, threatened against the Servicer before any Governmental Authority

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arising out of any act or omission of the Servicer under the Pooling and Servicing
Agreement.

     (g) This Agreement has been duly authorized, executed and delivered on behalf of the
Servicer and constitutes its legal, valid and binding obligation, enforceable against the
Servicer in accordance with its terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereinafter
in effect, affecting the enforceability of creditors’ rights in general and as such
enforceability may be limited by general principles of equity (whether considered in a
proceeding at law or in equity).

ARTICLE 3

THE SELLER

     3.1. The Seller hereby accepts the resignation of the Resigning Trustee as Trustee under the
Pooling and Servicing Agreement and acknowledges the resignation of the Resigning Trustee as the
Transfer Agent and Registrar and Paying Agent under the Pooling and Servicing Agreement.

     3.2. The Seller hereby appoints the Successor Trustee as Trustee under the Pooling and
Servicing Agreement to succeed to, and hereby vests the Successor Trustee with, all the rights,
powers, trusts, properties, duties and obligations of the Resigning Trustee under the Pooling and
Servicing Agreement from and after the effective date of this Agreement with like effect as if the
Successor Trustee was originally named as Trustee in the Pooling and Servicing Agreement.

     3.3. The Seller hereby acknowledges and consents to the Successor Trustee’s succession to all
rights and property of the Resigning Trustee under the Pooling and Servicing

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Agreement and to the Resigning Trustee’s assignment to the Successor Trustee of all right,
title and interest in and to the Trust Assets. The Seller hereby confirms and acknowledges its
conveyance and grant of a security interest in the Trust Assets under the Pooling and Servicing
Agreement to the Successor Trustee, and the Seller hereby authorizes and agrees to file, or cause
to be filed, any UCC financing statements or amendments thereof necessitated by such succession.

     3.4. The Seller hereby acknowledges as acceptable to it, and consents to, the appointment of
the Successor Trustee as Transfer Agent and Registrar and as Paying Agent under the Pooling and
Servicing Agreement.

     3.5. The Seller shall execute and deliver such further instruments as shall be provided to it
and shall do such other things as the Successor Trustee may reasonably require so as to (a) more
fully and certainly vest and confirm in the Successor Trustee all the rights, powers and trusts
hereby assigned, transferred, delivered and confirmed to the Successor Trustee and (b) more fully
enable the Successor Trustee to perform all of its duties and obligations under the Pooling and
Servicing Agreement as Trustee, Transfer Agent and Registrar and Paying Agent.

     3.6. The Seller hereby represents and warrants to the Resigning Trustee, to the Successor
Trustee and to the Servicer, as of the date hereof or as of such other date as is expressly
referenced hereunder, that:

     (a) The Seller is a national banking association duly organized, validly existing and
in good standing under the laws of the United States of America, and its main office is
located in Cleveland, Ohio.

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     (b) The Base Pooling and Servicing Agreement, each of the Assignments and Reassignments
and each Supplement, each as of its respective date, was validly and lawfully executed and
delivered by the Seller.

     (c) The Seller has performed or fulfilled prior to the date hereof, and will continue
to perform and fulfill after the date hereof, each covenant, agreement, condition,
obligation and responsibility of the Seller under the Pooling and Servicing Agreement.

     (d) No event has occurred and is continuing which is, or after notice or lapse of time
would become, a Pay Out Event under Section 9.01 of the Pooling and Servicing Agreement or
under any Supplement.

     (e) No covenant or condition contained in the Pooling and Servicing Agreement has been
waived by the Seller or, to the best of the Seller’s knowledge, by the Holders of Investor
Certificates evidencing not less than the percentage in aggregate principal amount required
by the Pooling and Servicing Agreement to effect any such waiver, that would be materially
adverse to the interests of the Holders of any Series of Investor Certificates, the Trust or
the parties hereto.

     (f) There is no action, suit or proceeding pending or, to the best of the Seller’s
knowledge, threatened against the Seller before any Governmental Authority arising out of
any act or omission of the Seller under the Pooling and Servicing Agreement.

     (g) This Agreement has been duly authorized, executed and delivered on behalf of the
Seller and constitutes its legal, valid and binding obligation, enforceable against the
Seller in accordance with its terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws now

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or hereinafter in effect, affecting the enforceability of creditors’ rights in general
and as such enforceability may be limited by general principles of equity (whether
considered in a proceeding at law or in equity).

     (h) All conditions precedent relating to the appointment of BNY DE as Successor Trustee
under the Pooling and Servicing Agreement have been complied with by the Seller.

ARTICLE 4

THE SUCCESSOR TRUSTEE

     4.1. The Successor Trustee hereby represents and warrants to the Resigning Trustee, to the
Servicer and to the Seller, as of the date hereof or as of such other date as is expressly
referenced hereunder, that:

     (a) The Successor Trustee is a corporation organized, existing and authorized to engage
in the business of banking under the laws of the State of Delaware, and its principal
corporate trust office is located in Newark, Delaware.

     (b) The Successor Trustee is an entity that satisfies the eligibility requirements of
Section 11.06 of the Pooling and Servicing Agreement.

     (c) The Successor Trustee has full power, authority and right to execute, deliver and
perform this Agreement, and has taken all necessary action to authorize the execution,
delivery and performance by it of this Agreement.

     (d) This Agreement constitutes the legal, valid and binding obligation of the Successor
Trustee, enforceable in accordance with its terms against the Successor Trustee, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws now or hereinafter in effect, affecting

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the enforceability of creditors’ rights in general and as such enforceability may be
limited by general principles of equity (whether in a proceeding at law or in equity).

     4.2. The Successor Trustee hereby accepts its appointment as successor Trustee, Transfer Agent
and Registrar and Paying Agent under the Pooling and Servicing Agreement and accepts the rights,
powers, trusts, properties, duties and obligations of the Resigning Trustee as Trustee, Transfer
Agent and Registrar and Paying Agent under the Pooling and Servicing Agreement, upon the terms and
conditions set forth therein, from and after the date hereof or such other date as is expressly
referenced hereunder with like effect as if originally named as Trustee under the Pooling and
Servicing Agreement. The Successor Trustee shall execute and deliver such further instruments as
shall be provided to it and shall do such other things as the parties hereto may reasonably require
so as to (a) more fully and certainly vest and confirm in the Successor Trustee all the rights,
powers and trusts hereby assigned, transferred, delivered and confirmed to the Successor Trustee
and (b) more fully enable the Successor Trustee to perform all of its duties and obligations under
the Pooling and Servicing Agreement as Trustee, Transfer Agent and Registrar and Paying Agent.

     4.3. Promptly on or after the effective date as provided in Section 5.2 of this Agreement, the
Successor Trustee shall cause a notice, substantially in the form of Exhibit C annexed hereto, to
be sent to all Investor Certificateholders in accordance with the provisions of Section 11.08(c) of
the Pooling and Servicing Agreement.

     4.4. The Successor Trustee maintains its corporate trust office at White Clay Center, Route
273, Newark, Delaware 19711, which shall be the Corporate Trust Office for purposes of the Pooling
and Servicing Agreement and Section 11.16 thereof.

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     4.5. The Successor Trustee, in its capacity as successor Paying Agent under the Pooling and
Servicing Agreement, agrees that it will hold all sums, if any, held by it for payment to the
Investor Certificateholders in trust for the benefit of the Investor Certificateholders entitled
thereto until such sums shall be paid to such Investor Certificateholders, or as otherwise
expressly provided in the Pooling and Servicing Agreement.

     4.6. Under Section 11.02(f) of the Pooling and Servicing Agreement, the Successor Trustee may
exercise its powers and perform its duties by or through such attorneys, agents or custodians,
either Affiliates or non-affiliates, as it shall appoint (including, without limitation, The Bank
of New York).

ARTICLE 5

MISCELLANEOUS

     5.1. Except as otherwise expressly provided herein or unless the context otherwise requires,
all terms used herein which are defined in the Pooling and Servicing Agreement shall have the
meanings assigned to them in the Pooling and Servicing Agreement.

     5.2. This Agreement and the resignation, appointment and acceptance effected hereby shall be
effective as of the opening of business on August 3, 2005.

     5.3. The Resigning Trustee hereby acknowledges payment or provision for payment in full by the
Servicer of compensation for all services rendered by the Resigning Trustee under Section 11.05 of
the Pooling and Servicing Agreement and reimbursement in full by the Servicer of the expenses,
disbursements and advances incurred or made by the Resigning Trustee in accordance with the
provisions of Section 11.05 of the Pooling and Servicing Agreement or any Enhancement Agreement.
The Servicer acknowledges its obligation set forth in Section 11.05 of

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the Pooling and Servicing Agreement to pay to the Resigning Trustee compensation for all
services rendered by the Resigning Trustee under Section 11.05 of the Pooling and Servicing
Agreement and reimbursement in full by the Servicer of the expenses, disbursements and advances
incurred or made by the Resigning Trustee in accordance with the provisions of Section 11.05 of the
Pooling and Servicing Agreement. The Servicer acknowledges its obligation set forth in Section
8.04 of the Pooling and Servicing Agreement to indemnify the Resigning Trustee for, and to hold the
Resigning Trustee harmless against, any loss, liability and expense incurred on the part of the
Resigning Trustee and suffered or sustained by reason of any acts or omissions of the Servicer with
respect to the Trust pursuant to the Pooling and Servicing Agreement. The Resigning Trustee
acknowledges its obligation set forth in Section 11.07(c) of the Pooling and Servicing Agreement
that any liability of the Resigning Trustee arising under the Pooling and Servicing Agreement shall
survive the appointment of the Successor Trustee.

     5.4. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF
THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

     5.5. The Seller, the Servicer and the Resigning Trustee hereby waive the 30 days’ notice
requirement in Sections 6.04 and 6.07 of the Pooling and Servicing Agreement with respect to the
resignation of the Transfer Agent and Registrar and the Paying Agent.

     5.6. This Agreement may be executed in any number of counterparts each of which shall be an
original, but such counterparts shall together constitute but one and the same instrument.

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     5.7. The Servicer, the Seller, the Resigning Trustee and the Successor Trustee hereby
acknowledge receipt of an executed and acknowledged counterpart of this Agreement and the
effectiveness thereof.

     5.8. As supplemented by this Agreement, the Pooling and Servicing Agreement is in all respects
ratified and confirmed and the Pooling and Servicing Agreement as so supplemented by this Agreement
shall be read, taken, and construed as one and the same instrument. It is the intent of the
parties hereto that all references in the Pooling and Servicing Agreement to the “Pooling and
Servicing Agreement,” to “this Agreement” and “herein” shall be deemed from and after the date of
this Agreement to be a dual reference to the Pooling and Servicing Agreement as supplemented by
this Agreement.

[SIGNATURE PAGES FOLLOW]

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     IN WITNESS WHEREOF, the parties hereto have caused this Agreement of Resignation, Appointment
and Acceptance of Trustee to be duly executed and acknowledged and their respective seals to be
affixed hereunto and duly attested all as of the date and year first above written.

	 	 	 	 	 
	 	NATIONAL CITY BANK,
 	 
	 	 	as Seller and Servicer

 	 
	 	By:  	/s/ Russell A. Cronin, Jr.	 
	 	 	Name:  	Russell A. Cronin, Jr. 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	THE BANK OF NEW YORK,
 	 
	 	 	
as Resigning Trustee

 	 
	 	By:  	/s/ Michael Palladino
 	 
	 	 	Name:  	Michael Palladino 	 
	 	 	Title:  	Assistant Treasurer 	 
	 
	 	THE BANK OF NEW YORK (DELAWARE),
 	 
	 	 	
not in its individual capacity but solely as Successor Trustee

 	 
	 	By:  	/s/ Kristine K. Gullo
 	 
	 	 	Name:  	Kristine K. Gullo 	 
	 	 	Title:  	Vice President 	 

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EXHIBIT A

List of Outstanding Series of Investor Certificates for National City Credit Card Master Trust

	1.	 	Series 2000-1 (issued on August 24, 2000)
	 
	2.	 	Series 2001-1 (issued on January 31, 2001)
	 
	3.	 	Series 2002-1 (issued on January 31, 2002)

 A-1 

 

 

EXHIBIT B

Documents to be Delivered to the Successor Trustee

1. Executed copy of Base Pooling and Servicing Agreement and each Supplement.

2. Executed copy of each agreement or arrangement for Series Enhancement and related agreements.

3. Each Investor Certificate (as such term is defined in the Base Pooling and Servicing Agreement)
executed by the Bank and authenticated by or on behalf of the Resigning Trustee (in each case, with
original signatures) for which the Resigning Trustee is charged with custodial or other possession.

4. File containing executed copies of closing documents from each issuance of Investor
Certificates.

5. File containing executed copies of closing documents from each Assignment of Receivables in
Additional Accounts and each Reassignment of Receivables in Removed Accounts.

6. Copies of the most recent of each of the monthly Servicer’s reports and payment instructions
delivered by the Servicer.

7. Certificate Register and certified list of the Investor Certificateholders as of August 3, 2005,
including certificate detail and all “stop transfers” and the reason for such “stop transfers” (or,
alternatively, if there are a substantial number of registered Investor Certificateholders, the
computer tape reflecting the identity of such Investor Certificateholders).

8. Copies of any official notices sent by the Resigning Trustee to all the Investor
Certificateholders pursuant to the terms of the Pooling and Servicing Agreement during the past
twelve months and a copy of the most recent annual Servicer’s certificate and annual independent
accountants’ agreed upon procedures letters delivered pursuant to Sections 3.05 and 3.06 of the
Pooling and Servicing Agreement.

9. List of any documents which, to the knowledge of the Resigning Trustee, are required to be
furnished but have not been furnished to the Resigning Trustee, or if none, a statement from the
Resigning Trustee to that effect.

 B-1 

 

 

EXHIBIT C

SUCCESSOR TRUSTEE/SERVICER

NOTICE

To the Investor Certificateholders, Rating Agencies and Series Enhancers of the National City
Credit Card Master Trust:

     NOTICE IS HEREBY GIVEN, pursuant to Section 11.08(c) of the Pooling and Servicing Agreement,
dated as of June 1, 1995, as amended and restated as of July 1, 2000 (as amended and supplemented,
the “Pooling and Servicing Agreement”), between National City Bank, as Seller and Servicer,
and The Bank of New York, as Trustee, that The Bank of New York has resigned as Trustee, Transfer
Agent and Registrar and Paying Agent under the Pooling and Servicing Agreement.

     Pursuant to Sections 11.08, 6.04 and 6.07, respectively, of the Pooling and Servicing
Agreement, The Bank of New York (Delaware), a banking corporation duly organized and existing under
the laws of the State of Delaware, has accepted appointment as successor Trustee, Transfer Agent
and Registrar and Paying Agent under the Pooling and Servicing Agreement. The Bank of New York
(Delaware) maintains its corporate trust office at White Clay Center, Route 273, Newark, Delaware
19711.

     The resignation of The Bank of New York as Trustee, Transfer Agent and Registrar and Paying
Agent and the appointment of The Bank of New York (Delaware) as successor Trustee, Transfer Agent
and Registrar and Paying Agent were effective as of the opening of business on August 3, 2005.

Dated: August 3, 2005

	 	 	 	 	 
	 	Very truly yours,

THE BANK OF NEW YORK (DELAWARE),

not in its individual capacity but solely as

Successor Trustee

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	NATIONAL CITY BANK,

as Servicer

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 C-1<PAGE>

                                                                    EXHIBIT 10-1

                          EQUIPMENT PURCHASE AGREEMENT

                                     BETWEEN

                         LEXINGTON PRECISION CORPORATION

                                       AND

                          PREMIER TOOL & DIE CAST CORP.

                                 AUGUST 2, 2005

<PAGE>

                                TABLE OF CONTENTS
<TABLE>
<CAPTION>
                                                                                      Page
                                                                                      ----
<S>                                                                                   <C>
1.    Purchase and Sale of Assets...............................................        1

   1.1      Purchase and Sale of Assets.........................................        1
   1.2      Excluded Assets.....................................................        1
   1.3      Excluded Liabilities................................................        1

2.    Purchase Price............................................................        2

   2.1      Purchase Price......................................................        2
   2.2      Delivery by Seller..................................................        2
   2.3      Deliveries by Buyer.................................................        2

3.    Seller's Representations and Warranties...................................        2

   3.1      Organization and Good Standing......................................        2
   3.2      Due Authorization, etc..............................................        2
   3.3      Litigation..........................................................        2
   3.4      Purchased Assets....................................................        2
   3.5      Title to Tangible Personal Property.................................        3
   3.6      No Defaults; Consents...............................................        3
   3.7      Brokers.............................................................        3

4.    Buyer's Representations and Warranties....................................        3

   4.1      Organization and Good Standing......................................        3
   4.2      Due Authorization, etc..............................................        3
   4.3      Litigation..........................................................        3
   4.4      Brokers.............................................................        3

5.    Survival and Indemnification..............................................        3

   5.1      Survival............................................................        3
   5.2      Indemnification of Buyer............................................        4
   5.3      Indemnification of Seller...........................................        4
   5.4      Notice of Claims....................................................        4
   5.5      Defense of Third Party Claims.......................................        4
   5.6      Certain Limitations.................................................        5

6.    Miscellaneous.............................................................        5

   6.1      Benefit of Agreement................................................        5
   6.2      Expenses............................................................        5
   6.3      Entire Agreement; Amendments........................................        6
   6.4      Counterparts and Facsimile Signatures...............................        6
</TABLE>

                                      -i-
<PAGE>

<TABLE>
<CAPTION>
                                                                                        Page
                                                                                        ----
<S>                                                                                     <C>
   6.5      Section Headings....................................................        6
   6.6      Notices.............................................................        6
   6.7      Governing Law.......................................................        6
   6.8      Submission to Jurisdiction; Consent to Service of Process...........        7
   6.9      Interpretation......................................................        7
</TABLE>

EXHIBITS

Exhibit A         Promissory Note
Exhibit B         Bill of Sale

SCHEDULES

Schedule 1.1(a)(i)      Basic Equipment
Schedule 1.1(a)(ii)     Additional Equipment
Schedule 1.1(b)         Inventory

                                      -ii-
<PAGE>

                          EQUIPMENT PURCHASE AGREEMENT

      THIS EQUIPMENT PURCHASE AGREEMENT is made as of August 2, 2005 by and
between LEXINGTON PRECISION CORPORATION, a Delaware corporation ("Seller"), and
PREMIER TOOL & DIE CAST CORP., a Michigan corporation ("Buyer").

                              W I T N E S S E T H:

      WHEREAS, Seller desires to sell, and Buyer desires to purchase, certain
machinery, equipment and inventory of Seller, all on and subject to the terms
and conditions set forth herein.

      NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

      1.    Purchase and Sale of Assets

            1.1 Purchase and Sale of Assets. On the date hereof (the "Effective
Date"), upon and subject to the terms and conditions of this Agreement, Seller
shall sell, transfer, assign, convey and deliver to Buyer, and Buyer shall
purchase and acquire from Seller, free and clear of all security interests,
liens, charges and encumbrances ("Liens") all of Seller's right, title and
interest in and to the following assets (collectively, the "Purchased Assets"):

            (a) The machinery and equipment listed on Schedule 1.1(a)(i) ("Basic
Equipment") and the machinery and equipment listed on Schedule 1.1(a)(ii) hereto
(the "Additional Equipment"; the Basic Equipment and the Additional Equipment
are referred to collectively as the "Equipment"); and

            (b) Inventory. Inventory consisting of metals, packaging and pallets
listed on Schedule 1.1(b) including all supplies related thereto in the
possession of Seller at Seller's premises in Lakewood, New York (collectively,
the "Inventory").

            1.2 Excluded Assets. Notwithstanding any provision of this Agreement
to the contrary, Seller shall retain and shall not sell or deliver to Buyer, and
Buyer shall not purchase from Seller any assets other than the Purchased Assets
(collectively, the "Excluded Assets"). The Excluded Assets include, without
limitation, all cash and cash equivalents, all receivables, all claims and
causes of action, purchase orders, contracts and agreements, customer dies,
fixtures and all rights in and to the name "Lexington," "Lexington Precision,"
"Lexington Die Casting" or any logos or variations thereof.

            1.3 Excluded Liabilities. Buyer is not assuming any liabilities or
obligations of Seller of any kind whatsoever pursuant to this Agreement. Without
limiting the generality of the previous sentence, Buyer is not assuming pursuant
to this Agreement any liability or obligations whatsoever related to
environmental contamination or the generation, storage, management, release, or
disposal of hazardous substances or wastes at Seller's property .

<PAGE>

      2.    Purchase Price.

            2.1 Purchase Price(a) . (a) In consideration of the sale,
assignment, transfer and delivery of the Purchased Assets to Buyer, on the date
hereof Buyer is paying to Seller the sum of (a) $2,560,000 for the Equipment,
plus (b) $92,443 for the Inventory (collectively, the "Purchase Price").

            (b) The Purchase Price shall be paid on the date hereof as follows:
(i) $2,452,443 shall be paid in cash (the "Cash Purchase Price"); and (ii)
$200,000 shall be paid by Buyer's delivery of a promissory note in the form
attached hereto as Exhibit A (the "Note"). The Buyer will pay the Cash Purchase
Price by wire transfer of immediately available funds to the account specified
in writing by Seller.

            2.2 Delivery by Seller. On the date hereof, Seller shall deliver to
Buyer a Bill of Sale in the form of Exhibit B attached hereto conveying good and
marketable title to the Equipment and Inventory free and clear of all Liens.

            2.3 Deliveries by Buyer. On the date hereof, Buyer shall deliver to
Seller (a) the Cash Purchase Price in accordance with Section 2.1 hereof and (b)
the Note.

      3.    Seller's Representations and Warranties.

      Seller hereby represents and warrants to Buyer, as of the Effective Date,
      as follows:

            3.1 Organization and Good Standing. Seller is a corporation validly
existing and in good standing under the laws of the State of Delaware, and has
the requisite corporate power and authority to execute and deliver this
Agreement and the documents that are required to be executed and delivered
pursuant to this Agreement and to perform its obligations under this Agreement.

            3.2 Due Authorization, etc. The execution, delivery and performance
of this Agreement have been duly authorized by all requisite corporate action on
the part of Seller and this Agreement constitutes a valid and binding agreement
of Seller, enforceable in accordance with and subject to its terms, except as
limited by bankruptcy, insolvency, reorganization and similar laws affecting the
enforcement of creditors' rights or contractual obligations generally. The
execution, delivery and performance of this Agreement by Seller, and the
consummation of the transactions contemplated hereby, do not violate the
Certificate of Incorporation or By-Laws of Seller.

            3.3 Litigation. There are no judicial or administrative actions,
suits or proceedings pending or, to the knowledge of Seller, threatened against
Seller with respect to the Purchased Assets or the transactions contemplated by
this Agreement.

            3.4 Purchased Assets. SELLER MAKES NO REPRESENTATION OR WARRANTY,
EXPRESS OR IMPLIED, WITH RESPECT TO THE CONDITION OF THE PURCHASED ASSETS, ALL
OF WHICH ARE BEING SOLD TO, AND PURCHASED BY, BUYER AS IS, WHERE IS, AND SELLER
EXPRESSLY DISCLAIMS ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE.

                                      -2-
<PAGE>

            3.5 Title to Tangible Personal Property. Seller has good and
marketable title to the Inventory and the Equipment, in each case free and clear
of all Liens.

            3.6 No Defaults; Consents. The execution, delivery and performance
by Seller of this Agreement will not (a) constitute a violation of or default
under any material contract or agreement to which Seller is a party or by which
Seller is bound, or (b) violate any material law applicable to Seller. As of the
Effective Date, no consents or approvals of any third party are required to be
obtained by Seller in connection with the transfer of the Purchased Assets as
contemplated hereby, other than those consents that have been obtained.

            3.7 Brokers. No broker or other third party is entitled to any
commission or finder's fee in connection with the transactions contemplated by
this Agreement as a result of any agreement or action taken by Seller or its
affiliates.

      4.    Buyer's Representations and Warranties

      Buyer hereby represents and warrants to Seller, as of the Effective Date,
      as follows:

            4.1 Organization and Good Standing. Buyer is a corporation validly
existing and in good standing under the laws of the State of Michigan, and has
the requisite corporate power and authority to execute and deliver this
Agreement, the Note and the other documents that are required to be executed and
delivered pursuant to this Agreement (collectively, the "Buyer Transaction
Documents") and to perform its obligations under the Buyer Transaction
Documents.

            4.2 Due Authorization, etc. The execution, delivery and performance
of the Buyer Transaction Documents have been duly authorized by all requisite
corporate action on the part of Buyer and the Buyer Transaction Documents
constitute a valid and binding agreement of Buyer, enforceable in accordance
with and subject to its terms, except as limited by bankruptcy, insolvency,
reorganization and similar laws affecting the enforcement of creditors' rights
or contractual obligations generally. The execution, delivery and performance of
the Buyer Transaction Documents by Buyer, and the consummation of the
transactions contemplated hereby and thereby do not violate the Certificate of
Incorporation or By-Laws of Buyer.

            4.3 Litigation. There are no judicial or administrative actions,
suits or proceedings pending or, to the knowledge of Buyer, threatened against
Buyer with respect to the transactions contemplated by the Buyer Transaction
Documents.

            4.4 Brokers. No broker or other third party is entitled to any
commission or finder's fee in connection with the transactions contemplated by
the Buyer Transaction Documents as a result of any agreement or action taken by
Buyer or its affiliates.

      5.    Survival and Indemnification.

            5.1 Survival. The representations, warranties, covenants and
agreements of Seller and Buyer contained in or made pursuant to this Agreement,
shall survive the execution and delivery hereof and shall continue in full force
and effect until April 30, 2008, provided, however, that: (i) Seller's
representation and warranty in Section 3.5 shall survive indefinitely;

                                      -3-
<PAGE>

(ii) any covenants and agreements that by their terms are to be performed or
complied with after the Effective Date shall continue in full force and effect
until fully performed and discharged; and (iii) Buyer's obligation to pay,
perform and discharge the Note shall survive until such Note has been paid,
performed or discharged in full. No claim for indemnification may be asserted
after the expiration of the applicable period specified in the preceding
sentence; provided that any representation or warranty with respect to which a
claim has been asserted in writing prior to the expiration of the period set
forth above shall survive with respect to such claim until the final resolution
thereof.

            5.2 Indemnification of Buyer. Seller agrees that it shall indemnify
and hold Buyer harmless from and against any and all damages, claims, losses,
expenses, costs, obligations, and liabilities, including, without limiting the
generality of the foregoing, reasonable attorneys' fees and expenses
(collectively, "Loss and Expense"), suffered by Buyer by reason of, or arising
out of, any material breach of any representation or warranty made by Seller in
this Agreement (subject to Section 5.1); provided, however, that (x) Seller
shall not have any liability for indemnity hereunder in respect of any Loss and
Expense arising out of or relating to the condition of the Purchased Assets, and
(y) Seller's aggregate obligation for indemnity under this Section 5.2 shall not
exceed the Purchase Price.

            5.3 Indemnification of Seller. Buyer agrees that it shall indemnify
and hold Seller harmless from and against any and all Loss and Expense suffered
by Seller by reason of, or arising out of, (i) any material breach of any
representation or warranty made by Buyer in this Agreement (subject to Section
5.1), and (ii) any failure of Buyer to perform or fulfill any of its covenants
or agreements set forth in this Agreement or the Note; provided, however, that
Buyer's aggregate obligation for indemnity under clause (i) of this Section 5.3
shall not exceed the Purchase Price.

            5.4 Notice of Claims. If Buyer or Seller believes that it has
suffered or incurred any Loss and Expense for which it may seek indemnification
under this Section 5, such party shall notify the other promptly in writing, and
in any event within the applicable time period specified in Section 5.1,
describing such Loss and Expense, the amount thereof, if known, and the method
of computation of such Loss and Expense, all with reasonable specificity and
containing a reference to the provision of this Agreement in respect of which
such Loss and Expense shall have occurred. If any action at law or suit in
equity is instituted by a third party with respect to which any of the parties
intends to claim any liability or expense as Loss and Expense under this Section
5, such party shall promptly notify the indemnifying party of such action or
suit. The failure of the indemnified party to notify the indemnifying party as
provided in this Section 5.4 shall not relieve the indemnifying party from
obligations to indemnify with respect thereto except to the extent that the
indemnifying party suffers actual loss or material prejudice as a result of such
failure.

            5.5 Defense of Third Party Claims. The indemnifying party under
Section 6.2 or 6.3, as applicable, shall have the right to conduct and control,
through counsel of its own choosing, any third party claim, action, or suit (a
"Third Party Claim"), but the indemnified party may, at its election,
participate in the defense of any such Third Party Claim at its sole cost and
expense; provided, however, that if (i) the indemnifying party shall fail to
defend any such Third Party Claim or shall fail to notify the indemnified party
of its election to defend, or elects not to

                                      -4-
<PAGE>

defend, within 30 days of its receipt of notice thereof from the indemnified
party, any such Third Party Claim, or (ii) the indemnifying party and the
indemnified party mutually agree, then the indemnified party may defend, through
counsel of its own choosing, such Third Party Claim. No settlement of a Third
Party Claim by an indemnified party shall be effected without the consent of the
indemnifying party, unless the indemnified party waives any right to
indemnification therefor. The indemnifying party may settle any Third Party
Claim if it pays the costs of such settlement and such settlement includes a
release of the indemnified party by the third party asserting the Third Party
Claim from all liability with respect to such Third Party Claim. If the
indemnifying party chooses to defend any Third Party Claim, the indemnified
party shall cooperate with the indemnifying party and shall make available to
the indemnifying party any books, records or other documents within its control
that are necessary or appropriate for such defense.

            5.6 Certain Limitations(a) . NEITHER SELLER NOR BUYER SHALL BE
LIABLE FOR, NOR SHALL SELLER OR BUYER BE ENTITLED TO INDEMNIFICATION FOR, ANY
INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR EXEMPLARY DAMAGES OR LOST
PROFITS, OR FOR PUNITIVE DAMAGES, PURSUANT TO OR ARISING OUT OF THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY, EVEN IF INFORMED OF THE POSSIBILITY
THEREOF IN ADVANCE. THIS LIMITATION APPLIES TO ALL CAUSES OF ACTION, INCLUDING,
WITHOUT LIMITATION, BREACH OF CONTRACT, NEGLIGENCE, STRICT LIABILITY, FRAUD,
MISREPRESENTATION AND OTHER TORTS. NOTWITHSTANDING THE FOREGOING, THE
LIMITATIONS SET FORTH IN THIS SECTION 6.6 SHALL NOT BE APPLICABLE TO ANY
INDIRECT, INCIDENTIAL, CONSEQUENTIAL, SPECIAL OR EXEMPLARY DAMAGES THAT SELLER
OR BUYER, AS APPLICABLE, IS REQUIRED TO PAY TO AN UNAFFILIATED THIRD PARTY
PURSUANT TO A FINAL NONAPPEALABLE COURT ORDER OR JUDGMENT IN RESPECT OF ANY
CLAIM FOR WHICH SUCH PARTY WOULD BE ENTITLED TO INDEMNIFICATION PURSUANT TO
SECTION 5.2 OR 5.3 OF THIS AGREEMENT BUT FOR THE LIMITATIONS SET FORTH IN THIS
SECTION 5.6.

      6.    Miscellaneous

            6.1 Benefit of Agreement. This Agreement shall be binding upon and
inure to the benefit of Buyer, Seller and their respective successors and
assigns and shall not confer any rights upon any third persons. Neither Seller
nor Buyer may assign its rights or obligations under this Agreement without the
prior written consent of the other party, except that each of Seller and Buyer
may collaterally assign its rights under this Agreement to any financial
institution financing the transactions contemplated hereby or otherwise
extending credit to Seller or Buyer, as applicable, provided that no such
assignment shall limit or affect the assignor's obligations under this Agreement
or impose any additional obligations on the other party to this Agreement.

            6.2 Expenses. Each party hereto shall be responsible for its own
expenses incurred in connection with the transactions contemplated by this
Agreement, including, without limitation, the fees and expenses of its counsel.

                                      -5-
<PAGE>

            6.3 Entire Agreement; Amendments. This Agreement and the Schedules
and Exhibits hereto constitute the entire agreement between the parties
pertaining to the subject matter contained herein and therein, and supersede all
prior agreements, arrangements and understandings of the parties with respect to
the subject matter of this Agreement but shall not supersede any contemporaneous
agreements between the parties. No supplement, modification or amendment of or
to this Agreement shall be binding unless executed in writing by the parties
hereto. No waiver of any of the provisions of this Agreement shall be deemed, or
shall constitute, a waiver of any other provision, whether or not similar, nor
shall any waiver constitute a continuing waiver. No waiver shall be binding
unless executed in writing by the party granting the waiver.

            6.4 Counterparts and Facsimile Signatures. This Agreement may be
executed in two or more counterparts, each of which shall be deemed an original,
and all of which shall constitute one and the same instrument. Signatures sent
by facsimile shall constitute and be binding to the same extent as originals.

            6.5 Section Headings. The section headings in this Agreement are
included for purposes of convenience only and shall not affect in any way the
construction or interpretation of any of the provisions of this Agreement.

            6.6 Notices. All notices, requests, demands and other communications
under this Agreement shall be in writing and shall be deemed to have been given
on the date when delivered personally, the next business day after delivery to a
nationally recognized overnight delivery service for next business day delivery,
or on the fifth day after mailing if mailed by first class mail, registered or
certified, postage prepaid, and properly addressed as follows or to such other
address as either party may designate by notice to the other party in accordance
with this Section:

            (a) If to Seller:

                                    Lexington Precision Corporation
                                    40 East 52nd Street
                                    New York, New York 10022
                                    Attention: Michael A. Lubin
                                               Chairman of the Board

            (b) If to Buyer:

                                    Premier Tool & Die Cast Corp.
                                    9886 North Tudor Road
                                    Berrien Springs, MI 49103
                                    Attn: Paul Brancaleon,
                                          President

            6.7 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
EXCLUSIVELY IN ACCORDANCE WITH THE INTERNAL LAWS OF

                                      -6-
<PAGE>

THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICTS OF LAW PRINCIPLES.

            6.8 Submission to Jurisdiction; Consent to Service of Process

            (a) The parties hereto hereby irrevocably submit to the exclusive
jurisdiction of any federal or state court located within the State of New York
in connection with any dispute arising out of or relating to this Agreement or
any of the transactions contemplated hereby and each party hereby irrevocably
agrees that all claims in respect of such dispute or any suit, action or
proceeding related thereto may be heard and determined in such courts. The
parties hereby irrevocably waive, to the fullest extent permitted by applicable
law, any objection that they may now or hereafter have to the laying of venue of
any such dispute brought in such court or any defense of inconvenient forum for
the maintenance of such dispute. Each of the parties hereto agrees that a
judgment in any such dispute may be enforced in other jurisdictions by suit on
the judgment or in any other manner provided by law.

            (b) Each of the parties hereto hereby consents to process being
served by any party to this Agreement in any suit, action or proceeding by the
mailing of a copy thereof in accordance with the provisions of Section 7.6
hereof.

            6.9 Interpretation. The parties acknowledge and agree that: (i) each
party and its counsel have reviewed and negotiated the terms and provisions of
this Agreement and have contributed to its revision; (ii) the rule of
construction to the effect that any ambiguities are resolved against the
drafting party shall not be employed in the interpretation of this Agreement;
and (iii) the terms and provisions of this Agreement shall be construed fairly
as to all parties hereto, regardless of which party was generally responsible
for the preparation of this Agreement.

                                      -7-
<PAGE>

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

                                 LEXINGTON PRECISION CORPORATION

                                 By: /s/ Michael A. Lubin
                                     -----------------------------
                                 Name: Michael A. Lubin
                                 Title: Chairman

                                 PREMIER TOOL & DIE CAST CORP.

                                 By: /s/ Paul Brancaleon
                                     -----------------------------
                                 Name: Paul Brancaleon
                                 Title: President

                                      -8-
<PAGE>

                               SCHEDULE 1.1(a)(i)

                                 BASIC EQUIPMENT

ONE (1) HPM Model D-1000-A 1,000-Ton Aluminum Cold Chamber Die Cast Machine, S/N
R95356/64-088, including:

      (1)   Rimrock Multi-Link Auto Reciprocator/Die Sprayer

      (1)   Advance Model SL-1200 Automatic Ladler, S/N 31524-98, (1998)

      (1)   Rimrock Multi-Link Extractor

      (1)   MPH 5,000-Lb. Gas-Fired Holding Furnace, S/N 6094-82; with
            Temperature Controls

One (1) HPM Model D-1000-A 1,000-Ton Aluminum Cold Chamber Die Cast Machine, S/N
R98176/65-151, including

      (1)   Rimrock Multi-Link Auto Reciprocator/Die Sprayer

      (1)   Rimrock Model 305 Multi-Link Automatic Ladler

      (1)   Rimrock Multi-Link Extractor

      (1)   Firebrand 3,500-Lb. Gas-Fired Holding Furnace, S/N 9038, with
            Temperature Controls

One (1) Prince Model 836 CCA 800-Ton Aluminum Cold Chamber Die Cast Machine,
DA0008 including:

      (1)   Advance Model SR-1150 Automatic Reciprocator/Die Sprayers

      (1)   Advance Model SL-1500 Automatic Ladler, S/N 32070-99

      (1)   ABB Type IRB4400-M98 Industrial Robot, S/N 44-12809

      (1)   O'Brien/Gere Model PD512-00 3,500-Lb. Gas-Fired Holding Furnace, S/N
            20006-01

One (1) Prince Model 836 CCA 800-Ton Aluminum Cold Chamber Die Cast Machine,
DA0011, including:

            Advance Model SR-1150 Automatic Reciprocator/Die Sprayers

            Advance Model SL-1500 Automatic Ladler, S/N 3019-00

      (1)   ABB IRB4400 M2000 Industrial Robot, S/N 44-20742

      (1)   Seco/Warwick 3,200-Lb. Gas-Fired Aluminum Holding Furnace, S/N
            FSR-954-95

One (1) Idra Model OL-700 770-Ton Aluminum Cold Chamber Die Cast Machine, S/N
7187 including:

      (1)   Rimrock Automatic Extractor/Die Sprayer

      (1)   Rimrock Ladler S/N C10113

      (1)   Seco/Warwick 3,200-Lb. Gas-Fired Aluminum Holding Furnace, S/N
            FSR-956-95

One (1) Idra Model OL-700 IDRP 770-Ton Aluminum Cold Chamber Die Cast Machine,
S/N 6932, including:

      (1)   Rimrock Automatic Extractor/Sprayer

      (1)   Rimrock Model 405 Automatic Ladler, S/N 6231

      (1)   O'Brien & Gere Model ND514-99 1,500-Lb. Gas Fired Aluminum Holding
            Furnace, S/N 20017

One (1) Prince Model 836 CCA 800-Ton Aluminum Cold Chamber Die Cast Machine, S/N
DA1038, including:

      (1)   Advance Model SR1150 Automatic Reciprocator/Die Sprayer, S/N 3018-00

      (1)   Advance Model SL-1500 Automatic Ladler, S/N 32101-00

      (1)   ABB Type IRB4400M2000 Industrial Robot, S/N 44-21383

      (1)   Seco/Warwick 3,200-Lb. Gas-Fired Aluminum Holding Furnace, S/N
            F-628-95

<PAGE>

                               SCHEDULE 1.1(a)(ii)

                              ADDITIONAL EQUIPMENT

      MELT ROOM

1-    O'Brien & Gere Model MD127-98 Melt Furnace, S/N 99004-1, Asset #3, (1999);
      Vertical, Stack Type; with 84" x 48" x 24" Deep Conveyor Shaker; Mayfran
      36"W x 15"L Elevated Scrap Conveyor, with Stack Shaker; Gas-Fired
      Stack-Type Melting Furnace, 72"D x 60"H, with (3) Burners, Rotating Base,
      Structural Steel Supports, and Mezzanine; Operator Control Panel, with
      Allen-Bradley Model PanelView 550 PLC Controls; and Digital Temperature
      Controllers

1-    MPH Model ACM-2000 20,000-Lb. Capacity Reverberatory Furnace, S/N 3978-79,
      Asset #2, (1979); Aluminum, Melt, 5,000,000-Btus Input, 2,000(degree)F
      Maximum Temperature, Gas Fired; with Epic Burners; North American Control
      Panel, with Digital Temperature Controllers; and Single Door, with
      Pneumatic Lift; (Refractory Brick Rebuilt 2001)

1-    MPH Model ACM-2000 20,000-Lb. Reverberatory Furnace, S/N 856-74, Asset #1,
      (1974); Aluminum, Melt, 5,000,000-Btus Input; 2,000(degree)F Maximum
      Temperature, Gas Fired; with Epic Burners; North American Control Panel,
      with Digital Temperature Controllers; and Single-Swing Open Door;
      (Refractory Brick Replaced 1994; Refractory Brick Rebuilt 2001)

1-    Amcor Injecta Model II Fluxing Machine, S/N 66-201, (1966); with Kozma
      Gas-Fired Charging Stand; Carts; and Tanks

      DIE CAST AREA

1-    Miller-Moorehead Machinery 60-Ton Trim Press, S/N 1169; Hydraulic, 4-Post,
      90" x 32" Between Posts

1-    Manufacturer Unknown 35-Ton Hydraulic Trim Press; 4-Post, Downacting, 26"
      x 42" Between Posts; with Self-Contained Hydraulic Power Supply; and
      Safety Light Curtains; (Remanufactured By Keystone In 2000)

1-    Roto-Finish 96"D Vibratory Finisher, S/N Unknown; with Powered Cleated
      Belt Infeed Conveyor

1-    K.R. Wilson Model DCT-38 38-Ton Trim Press, S/N 10980-001, (1985);
      Hydraulic, 4-Post, Downacting, 40" x 26" Between Posts; with
      Self-Contained Hydraulic Power Supply

1-    Roto-Finish 96"D Vibratory Finisher, S/N Unknown, Asset #4

1-    Manufacturer Unknown 35-Ton Hydraulic Trim Press, S/N Unknown; 4-Post,
      Downacting, Estimated 26" x 42" Between Posts; with Self-Contained
      Hydraulic

<PAGE>

      Power Unit; and Safety Light Curtain

1-    Roto-Finish Model Multi-Pass 96"D Vibratory Finisher, S/N Unknown

1-    Roto-Finish Model Multi-Pass 96"D Vibratory Finisher, S/N MP-94-5-4-96-A2,
      (1996); Job #3822

1-    Lester 700-Ton Aluminum Cold Chamber Die Cast Machine, S/N 8583, Asset #7,
      (1983); (Remanufactured By EPCO In 1994); Epco S.O. #9429, T-Slot Platen,
      Interface Shot End, Solid Frame Shot End Connection; with Safety Ratchets;
      Hydraulic Ejector; Allen-Bradley Model PanelView 550 PLC Controls; Visi
      Trak True Trak 2020 Monitor; and Analysis System, To Include:

            (1)   Rimrock Extractor/Sprayer

            (1)   Rimrock Multi-Link Ladler

            (1)   Onex

            (1)   Mesh Belt Air Cooling Conveyor

            (1)   Manufacturer Unknown 1,500-Lb. Gas-Fired Holding Furnace

1-    Roto-Finish Model Spiratron 72"D Vibratory Finisher, S/N ER-1822S-96-C8,
      (1996); Job #3814

1-    Lester 700-Ton Aluminum Cold Chamber Die Cast Machine, S/N 8760, Asset #8;
      (Estimated 1960s); Epco S.O. # 9056; (Remanufactured by EPCO 1990); T-Slot
      Platens, Interface Shot End, Solid Frame Shot End Connection; with Safety
      Ratchets; Solid Frame Tie Bar Pullers; Hydraulic Ejector; and Vickers
      SCS-2000 Shot Control System; To Include:

            (1)   Rimrock Extractor/Sprayer

            (1)   Rimrock Model 305 Multi-Link Automatic Ladler

            (1)   Manufacturer Unknown 500-Lb. Gas Fired Holding Furnace

            (1)   Steel Mesh Belt Air Cooling Conveyor

1-    Roto-Finish Model Spiratron 72"D Vibratory Finisher, S/N Unknown

1-    Lester 800-Ton Aluminum Cold Chamber Die Cast Machine, S/N 808, Asset #9,
      (1964); (Remanufactured By EPCO In 1991); Epco S.O. #9137, 50"V x 50"TH
      T-Slot Platen, 35"H x 36"V Die Clearance, 18" Minimum Daylight, 36"
      Maximum Daylight, 0-10-Shot Position, 28" Stroke, Motorized Die Height
      Adjustment, Closed Loop Shot End, 3-Bar Shot End Connection; with Safety
      Ratchets; Hydraulic Ejector; Allen-Bradley Model PanelView 550 PLC
      Controls; and Vickers SCS-2000 Shot Control System, To Include:

            (1)   Rimrock Model 195 Extractor/Sprayer

            (1)   Rimrock Model 465 Multi-Link Automatic Ladler

            (1)   Manufacturer Unknown 1,000-Lb. Gas-Fired Holding Furnace

            (1)   Steel Mesh Belt Air Cooling Conveyor

1-    E. A. Doyle Model DVP-30-3042 30-Ton Trim Press, S/N 3042-779-236, (1979);
      Hydraulic, 4-Post, Downacting, 30" x 42" Between Posts; with
      Self-Contained Hydraulic Power Supply

<PAGE>

1-    Roto-Finish 96"D Vibratory Finisher, S/N Unknown

1-    Lester 600-Ton Aluminum Cold Chamber Die Cast Machine, S/N 8096, Asset
      #11; (Remanufactured By EPCO In 1991); Epco S.O. #9136, 47"V x 40"TH
      T-Slot Platen, 28.5"H x 28.5"V Die Clearance, 18" Minimum Daylight, 28"
      Maximum Daylight, 0-6-Shot Position, 17.5" Stroke, Motorized Die Height
      Adjustment, Interface Shot End, Solid Frame Shot End Connection; with
      Safety Ratchets; Hydraulic Ejector; Visi-Track True Trak 2020 Monitor, and
      Analysis System, To Include:

            (1)   Shotbeads Sprayer

            (1)   Rimrock Automatic Extractor

            (1)   Snair Automatic Ladler

            (1)   Manufacturer Unknown 800-Lb. Gas-Fired Holding Furnace;
                  (FURNACE CURRENTLY IN MAINTENANCE; CURRENTLY NOT IN SERVICE;
                  OPERABLE)

            (1)   B.C. Fabricators Steel Mesh Belt Air Cooling Conveyor

1-    Lester 1,200-Ton Aluminum Cold Chamber Die Cast Machine, S/N 15966, Asset
      #12, (1964); (Shot End Rebuilt In 2000); 65"V x 65"TH T-Slot Platen, 42"H
      x 42"V Die Clearance, 10.2" Minimum Daylight, 30" Maximum Daylight,
      2-12-Shot Position, 30" Stroke, Interface Shot End, 2-Bar Shot End
      Connection; with Safety Ratchets; Visi Trak True Trak 2020SX Monitor, and
      Analysis System, To Include:

            (1)   Rimrock Model 195 Extractor/Sprayer

            (1)   Rimrock Multi-Link Ladler (MAINTENANCE SHOP)

            (1)   Seco/Warwick 3200-Lb. Gas-Fired Aluminum Holding Furnace, S/N
                  FSR-955-95; 47"W x 81-1/2"L x 18"H, 2,000(degree)F Maximum
                  Temperature; with Digital Temperature Controller

            (1)   Steel Mesh Belt Air Cooling Conveyor (SCRAP)
      (CURRENTLY NOT IN SERVICE; INOPERABLE)

1-    Sweco 60"D Vibratory Finisher, S/N Unknown; with Soundproof Lid

1-    New Holland Chip Wringer, S/N Not Available; 24" Diameter x 16" Depth

1-    Platnick Bridge Crane, S/N 98025, (1998); 7-1/2 Ton x 60' Span, Single
      Girder, Top Running, Overhead, Electric, Traveling; with Konecranes Model
      XL400 Electric Cable Hoist; and Pendant Control

1-    Platnick 5-Ton Bridge Crane, S/N 95037, (1995); 60' Span, Single Girder,
      Top Running, Overhead, Electric, Traveling; with Konecranes Model XL300
      Electric Cable Hoist; and Pendant Control

1-    Kitamura Model Mycenter-0 Vertical Machining Center, S/N 75257, Asset
      #5104, (1997); Dual, 12" x 18", 1" Tables, 130-Lb. Table Load Capacity,
      12" X-, 10" Y-, and 12" Z-Axis Travel, 5.3" to 17.3" Distance From Table
      Surface to Spindle Nose, 7.8" to 17.8" Distance From Column to Table
      Center Line, #30 Taper, 80 to 8,000-rpm Spindle Speeds, 3 hp Spindle
      Drive; with Spare Changer Automatic Pallet Changer; 16-Position Automatic
      Tool Changer, with Asst. #30 Taper Tool Holders; Kitamura

<PAGE>

      Yasnac CNC Controls; and (2) Model 10 HC Custom Designed and Fabricated
      10-Cell Multi Collet Work Hold Fixtures

3-    3-Ton Jib Cranes; Each with 3-Ton Capacity Chain Hoist, Pendant Controlled

1-    Spanco 5-Ton Jib Crane, S/N 0208205; with Shaw-Box 5-Ton Capacity Cable
      Hoist, Pendant Controlled

1-    5-Ton Jib Crane; with Wright 5-Ton Capacity Chain Hoist, Manual

1-    Pangborn Model RG Rotoblast Shot Blast Machine, S/N 140-2RG1-681; 22" x
      30", Tumblast; with Reclaim Elevator; and Hammond Model DK-1055
      (Duskolector) Bag-Type Dust Collector, 4-Bag; (Overhauled In June 2003)

1-    BAC Model VTO-065-J Cooling Tower, (2003); Rooftop Mounted

      MACHINING

1-    Jet Model JDP-20MF 20" Single-Spindle Floor-Type Drill, S/N 7030560

1-    Mfr. Unknown 16" Single-Spindle Floor-Type Drill; with Multi-Spindle Drill
      Head

1-    Delta Rockwell 16" Single-Spindle Floor-Type Drill

1-    8" Single-End Wire Wheel Buffer

1-    Clausing Model 1667 16" 2-Spindle Production Drill, S/N 517856

1-    Lincoln Model DPF1658-2 16" Single-Spindle Floor-Type Drill, S/N 522795,
      (1992)

1-    Clausing Model 1635 16" 4-Spindle Production Drill, S/N 118087

1-    Enshu Model Type DT-CL Vertical CNC Tapping Center, S/N 345, Asset #5,
      (1994); 16" x 27-1/2" Table, 23" X-, 16" Y-, and 16" Z-Axis Travel, 120 to
      12,000-rpm Spindle Speeds, 7.3 hp, #30 Taper; with ENAC-1 CNC Control

1-    Denison Model R065LC26ID266C218A59S220 6-Ton C-Frame Press, S/N 21063,
      (1968)

1-    Enshu Model Type DT-CL Vertical CNC Tapping Center, S/N 439, Asset #4,
      (1994); 16" x 27-1/2" Table, 23" X-, 16" Y-, and 16" Z- Axis Travel, 120
      to 12,000 rpm Spindle Speeds, 7.3 hp, #30 Taper; with ENAC-1 CNC Control;
      and Haas Rotary Indexer

1-    Starrett Granite Surface Plate; 18" x 24" x 4" Table Size

1-    Starrett 12" x 18" x 4" Granite Surface Plate

<PAGE>

1-    Manufacturer Unknown Aluminum Belt Sander; 3" Belt; with Dust Collector

1-    Mid-West Tool Custom Designed and Fabricated Brushing Press, S/N 246

1-    Clausing Model 2224 20" Single-Spindle Production Drill, S/N 106932

1-    Custom Designed & Fabricated Horizontal and Vertical Drilling Machine;
      with Production Table

1-    Duracraft Model 45161 16" Single-Spindle Floor-Type Drill, S/N G03599,
      (1987)

1-    Enco Model DS-20 20"D Disc Sander, S/N 8160, (1984), 2 hp; (Currently Not
      in Service; Operable)

1-    Bridgeport Vertical Milling Machine, S/N J107727, (1967), 1 hp; 80 to
      2,720-rpm Spindle Speeds, 9" x 42" Table

1-    Gorton Drill Grinder, S/N Unknown

1-    Specially Manufactured Horizontal Drilling Machine

1-    Specially Manufactured Horizontal Drilling Machine

1-    Bridgeport Vertical Milling Machine, S/N J15328, 1 hp; 80 to 2,720-rpm
      Spindle Speeds, 9" x 42" Table; with Specially Manufactured Work Fixture

1-    Clausing Model 1667 16" Single-Spindle Production Drill, S/N 516547

1-    Takisawa Model TC-2 CNC Lathe, S/N THRMU5947, (1985); 7.37 hp, 20" Swing;
      with 8-Position Turret; and Fanuc CNC Controls

1-    Seibu Model SNC-200UP Horizontal CNC Chucker, S/N 4-71840-5; 8" Swing, 5"
      x 12" T-Slot Worktable; with Collet Chuck; Fanuc Series O-T CNC Control;
      and Oilmatic Model KTVM-5C-HM1 Automatic Oil Temperature Regulator

1-    Seibu Model SNC-200UP Horizontal CNC Chucker, S/N 4-71729-3; 8" Swing, 5"
      x 12" T-Slot Worktable; with Collet Chuck; Fanuc Series O-T CNC Control;
      and Oilmatic Model KTVM-5C-HM1 Automatic Oil Temperature Regulator

1-    Mitutoyo 48" x 72" x 10" Granite Surface Plate, S/N 2505-1

1-    Lot of Factory and Support Equipment For BOTH MACHINING AND TOOL ROOM

1-    Hitachi Seiki Model HT20SII CNC Turning Center, S/N 2843, Asset #785,
      (1995), 15 hp; CNC, 2-Axis, 5,000-rpm Spindle Speeds, 15" Maximum Swing,
      8-1/4" Maximum Turning Diameter, 15" Maximum Turning Length, 2" Bar
      Capacity; with 10-Position Turret; Collet Chuck; Aercology Mist Collector;
      Elevated Chip Conveyor; and Seiki Multi CNC Control

<PAGE>

1-    Sugino Model ES2-2-3060 Self Feeder, S/N J11DA301219, (2004); with Collet
      Chuck; and Level Clamp

1-    Ultraline 6" W x 6' L Inclined Nose Over Conveyor, (2004); Variable Speed

1-    Powermatic Model 1100 Drill Press, S/N 0-1186-1

      TOOLROOM

1-    Wellsaw Model 1118 Horizontal Band Saw, S/N 2599; 30" Part Width Capacity,
      12" Throat

1-    Carlton 3' x 10"D Radial Arm Drill, S/N Unknown; 36 to 1,500-rpm Spindle
      Speeds; with 18" x 24" Drill Box Table; and 36" x 42" T-Slot Platform, 30"
      Vertical Travel

1-    Coffing 3-Ton Chain Hoist; Pendant Controlled

1-    Dake Model 75H 75-Ton Capacity Hydraulic H-Frame Press, S/N 140208,
      (1960); 44" Between Posts

1-    Lincoln Model Tig 300/300 300-Amp. Welder, S/N AC-586982, (1984); with
      Dyna-Flux Chiller

1-    Lincoln Model Square Wave Tig 175 175-Amp. Welder, S/N 01330-41980612459,
      (1988)

1-    Bridgeport Variable-Speed Vertical Milling Machine, S/N 133804, (1951); 60
      to 4,200-rpm Variable Spindle Speeds, 9" x 48" Table; with Bausch & Lomb
      Acu-Rite II 3-Axis Digital Readout; and Machinists Vise

1-    Bridgeport Vertical Milling Machine, S/N 58781, (1962), 1 hp; 80 to
      2,720-rpm Spindle Speeds, 9" x 48" Table; with Teledyne Gurley Pathfinder
      2-Axis Digital Readout

1-    Bridgeport Vertical Milling Machine, S/N 105568, (1967), 1 hp; 80 to
      2,720-rpm Spindle Speeds, 9" x 48" Table

1-    South Bend Model CL8117C Toolroom Lathe, S/N 8668HKX12; 16" Swing, 52"
      Bed, 38" Between Centers, 1-1/2" Hole Through Spindle; with Threading
      Attachment

1-    Millport Model SJ-1760G Engine Lathe, S/N 840517, (1984); 17" Swing, 80"
      Bed, 60" Between Centers, 2" Hole Through Spindle; with Threading
      Attachment

1-    Standard-Modern Model Utilathe Series 2000 Toolroom Lathe, S/N 3873; 50 to
      1,500-rpm Spindle Speeds, 13" Swing, 42" Bed, 30" Between Centers, 1-1/2"
      Hole Through Spindle

<PAGE>

1-    Cincinnati Bickford Model Super Service 28" Single-Spindle Production
      Drill, S/N 3L414; 14" Throat, 18" x 28" T-Slot Worktable; with Machinists
      Vise

1-    Motor-Avey Model MA6 Single-Spindle Production Drill, S/N MA581; 12"
      Throat, 21" x 22" Worktable

1-    Grob Model NS18 18" Vertical Band Saw, S/N 7311, (1953); 24" x 24"
      Worktable; with Blade Welding and Grinding Attachment

1-    Supermax Model YC-2VA Vertical Milling Machine, S/N 061165, (1983), 2 hp;
      75 to 3,600-rpm Spindle Speeds, 8" x 42" T-Slot Worktable, Belt-Driven
      Head; with Yeong Chin Control

1-    Wilson Rockwell Model 40UR Hardness Tester, S/N 2233-1285

1-    Parts Washer; 22" x 32"

1-    Starrett 16" x 24" x 4" Granite Surface Plate, S/N 619755

1-    Johnson Model 142L Gas-Fired Furnace, S/N 2846; 180-BTU Maximum Input

1-    Chevalier Model FSG-618 Surface Grinder, S/N A277A040, 1 hp; Hand Feed, 8"
      Grinding Wheel; with 6" x 18" Permanent Magnetic Chuck

1-    Baldor 6" Double-End Carbide Tool Grinder

1-    Gorton Model 375 Drill Grinder

1-    Abrasive Machine Tool 6" x 18" Surface Grinder, S/N 317; Hand Feed, 12"
      Grinding Wheel; with 6" x 18" Permanent Magnetic Chuck

1-    Covel 10" x 16" Surface Grinder, S/N 17H-5022; Hydraulic Feed, 12"
      Grinding Wheel; with 10" x 16" Permanent Magnetic Chuck

1-    Lincoln Model DS-20 20"D Disc Sander, S/N 402000, (1994), 2 hp; 1,720
      Maximum rpm

1-    Grieve Model B1-650 Bake Oven, S/N 14188; Drive-In, 64"W x 80"D x 82"H

1-    Zero Model BNP55-6 2-Hole Spin Blast Cabinet, S/N 22535; 42"L x 24"D x
      30"H; with Dust Collector

1-    Atlas Copco Model GAU707 Rotary Screw Air Compressor, S/N ARP878018,
      (1987), 75 hp; with Vertical Air Receiver Tank; and Arrow Pneumatics
      Compressed Air Dryer

1-    Ingersoll-Rand Model SSR Rotary Screw Air Compressor, S/N N0293, (1993),
      50 hp; 44,514 Hours Indicated; with Vertical Air Receiver Tank

<PAGE>

1-    Atlas Copco Model GA55 Rotary Screw Air Compressor, S/N Unknown, 75 hp;
      Approximately 50 hp; 181 Maximum psig, 57,650 Hours Indicated

1-    Hankison Model HPRP500 Air Dryer, S/N WH500A4600006110; 200 Maximum psig

1-    Van Air Model EMD400-A 400 CFM Air Dryer, S/N 97-7948K-4, (1997), 2 hp;
      350 Maximum psig

1-    Sullair Model LS20-100SL/W/SUL Rotary Screw Air Compressor, S/N
      003-122520, (2000), 100 hp; 110 Maximum psig

1-    Manufacturer Unknown 30"D x 48"L x 7"H Granite Surface Plate, S/N 1129

1-    Harig Model Super 612 6" x 12" Surface Grinder, S/N 47019, (2003);
      w/Accu-Rite Qwick Count DRO

1-    Milwaukee Model MWK-4210-1 Magnetic Drill, (2000)

      MATERIAL HANDLING

1-    Yale Model GLC030BFNUAE076 3,000-Lb. LP Gas Lift Truck, S/N A809N05573V,
      (1998); 171" Lift Height, 3-Stage Mast, Solid Tire, 5,310 Hours Indicated;
      with Side Shift

1-    Hyster Model J35B 3,500-Lb. Electric Lift Truck, S/N BI60V02518N, (1992);
      118" Lift Height, 2-Stage Mast, Solid Tire, 6,975 Hours Indicated; with
      Side Shift

1-    Yale Model ESC020ABN24SV083 2,000-Lb. Stand-Up Rider-Type Electric Lift
      Truck, S/N A824N06364U, (1997); 126" Lift Height, Single Mast, Solid Tire,
      1,945 Hours Indicated

1-    Clark Model GCX25 5,000-Lb. LP Gas Lift Truck, S/N CX2300588-8805KOF,
      (1992); 205" Lift Height, Solid Tire, 4,401 Hours Indicated; with Side
      Shift

1-    Hyster Model S120E 12,000-Lb. Capacity LP Gas Lift Truck, S/N C004D08624G,
      (1986); 182" Lift Height, 3-Stage Mast, Solid Tire, 5,477 Hours Indicated

2-    Big Joe Model 52A Die Lifts, S/N 1120; and S/N Unknown

1-    Big Joe Model 29727S 1,000-Lb. Capacity Electric Die Lift

5-    Lexco Die Lift Tables; 30" x 30"

1-    Presto Model M366 1,000-Lb. Capacity Die Lift, S/N 70552; 18" Load Center

1-    Factory Cat Model 34 Walk-Behind Electric Floor Scrubber, S/N 34-11309

1-    Nissan Model GYM02L258 5,000-Lb. Electric Lift Truck, S/N JYM02-001644,

<PAGE>

      (1998); 187" Lift Height, Solid Tire

      MISCELLANEOUS

1-    Denison Model R065LC261D266C218A59 6-Ton Trim Press, S/N 21108, Asset #22,
      (1969); Hydraulic, Gap Frame; (Out of Service)

1-    Denison Model S065MC261D267C221A59S206 6-Ton Trim Press, S/N 20642, Asset
      #18, (1967); Hydraulic, Gap Frame; (Out of Service)

1-    Lot of Miscellaneous Machine Accessories and Factory Equipment, To
      Include: Jib Cranes; Wire Tainers; Pallet Jacks; Work Benches; Shop
      Furniture; Pallet Rack; Dump Hoppers; Bench Vises; Miscellaneous Hand and
      Power Tools; Miscellaneous Spare and Repair Parts; Miscellaneous Not in
      Use Equipment; Storage Cabinets; Fans; Pipe Threader; Oxy Acetylene Torch
      Sets; Floor Sweeper; Miscellaneous Maintenance Equipment; QPC Mold
      Temperature Controllers; QPC Water Cooling Towers; Cooling Carousel;
      Ladders; Miscellaneous Inspection Equipment; Miscellaneous Secondary
      Equipment; Rotary Shrink Wrapper; Battery Chargers; Miscellaneous
      Perishable Tooling; Lockers; Cafeteria Furniture; etc.

1-    Tennant Model 6080 Walk-Behind Electric Floor Scrubber, S/N Unknown; 1,091
      Hours Indicated

1-    Kard Model TP-30-4 30-Ton Press, S/N TK-1064; (Currently Not In Service)

1-    Denison Model GC10C09C23A68A61A46 10-Ton Press, S/N 6484-A54S05, 7-1/2 hp

1-    Denison 8-Ton Press, S/N Unknown; Estimated 8 Ton Capacity

1-    Denison 6-Ton Press

1-    Ridgid Model 500 Pipe Threader, S/N Unknown

1-    Weldotron Model 7121 7-kW Shrink Tunnel, S/N EL84471; Electric, 14"; (Not
      In Service)

1-    Sioux Model 180C Steam Cleaner, S/N 9907031, (1999); 30,000 Btus

1-    Delta 2,200-psi Pressure Washer, S/N Unknown; with 4.5 hp Honda Model
      GCV135 Gasoline Engine

1-    Clausing Model 1637 Drill Press, S/N 115789; 8" Throat

1-    Lot of Machinery and Equipment Stored in Warehouse, To Include: Drill
      Presses; Disc Sanders; Arbor Presses; Dust Collectors; etc.

1-    Lot of Office Furniture and Business Machines

<PAGE>

1-    Genie Model Z25-8 25' Aerial Lift, S/N 188, (2000); 500-Lb. Capacity

1-    Tiocco Model T-3000-FRS Hydraulic Fluid Filter, (2003)

1-    Ingersoll-Rand Model 2545E10VFP 35-CFM Reciprocating Air Compressor, S/N
      0308080102, (2003), 10 hp; with Air Cooled Aftercooler

      MAINTENANCE

1-    Demco Model KE Floor-Type Drill, S/N 43063; 9" Throat, 16" x 16" Worktable

1-    Manufacturer Unknown H-Frame Press, S/N Unknown; 28" Between Posts; with
      Enerpac Hydraulic Press

1-    Lincoln Model Power Mig 200 200-Amp. Welder, S/N K1766-1 10564
      M1011020568; 200 Amps @ 30% Duty Cycle; with Cart

1-    Milwaukee Model 6175 Cut-Off Saw, S/N 99111774; 16"D Grinding Wheel

1-    Manhattan Model 951230 Floor-Type Drill, S/N 58289, 1/2 hp; 8" Throat,
      14"D Worktable

1-    Lincoln Model Idealarc 250 250-Amp. Welder, S/N AC-307876, (1973); 140
      Amps @ 100% Duty Cycle

1-    Apex 16"D Disc Sander, 3 hp; Model and S/N Unknown;

1-    Lot of Factory and Support Equipment

      QC LAB

1-    Starrett 36"D x 48"L x 8"H Granite Surface Plate

1-    Arun Technologies Model Series 2000 Spectrometer; with Monitor; and
      Printer

1-    Phillips Model PRS-150 X-Ray Machine; with X-Ray Booth; Power Supply;
      Model MGC-23 Controls; and Ikegami Monitor

1-    Gauge Master Model Series 80-89/GMX 22" Optical Comparator, S/N 3772590,
      (1993); with Gage Master GMX 2-Axis Digital Readout

1-    Brown & Sharpe Model MicroXcel UHA Coordinate Measuring Machine, S/N
      1196-3431, (1996); 28" X-, 45" Y-, and 25" Z-Axis Travel, 33" x 53" x 4"
      Granite Worktable; with Renishaw PH9A Probe; PC Controls; and Brown &
      Sharpe Software

1-    Manufacturer Unknown 48"D x 60"L x 8"H Granite Surface Plate

1-    Sheffield Model Cordax 1808 Coordinate Measuring Machine, S/N 249671085;
      27"

<PAGE>

      X-, 25" Y-, and 17" Z-Axis Travel, 30"D x 54"L x 8"H Granite Surface
      Plate; with Renishaw TP1S Probe; Digital Readout; and Smart Terminal
      Software, Version 2

1-    Lot of Miscellaneous QC Lab Equipment, To Include: Edmunds Air Gauges; Pin
      Gauge Sets; Gauge Block Sets; Height Gauges; Laser Mike; Video Camera;
      Furnishings; PC's; Micrometers; Plotter; Blue Print Copier; Plug Gauges;
      etc.

1-    Hewlett Packard Model 7595A Draftmaster I Plotter, S/N 2644A00891

1-    Visi-Trak Model True Trak 2020/M91-6002 Monitor and Analysis System, S/N
      95002

1-    3M Model 500 Microfilm Reader/Printer

      OFFICE

1-    Lot of Office Furniture and Business Machines, To Include, But Not Limited
      To: Desks; Chairs; File Cabinets; Tables; Televisions; Overhead
      Projectors; Calculators; Typewriters; Teleconferencing Equipment;
      Cabinets; Partitions; Breakroom Furniture; etc.

1-    Lot of Computer and Peripheral Equipment, To Include: Personal Computers;
      File Servers; Monitors; Printers; Facsimile Machines; Photocopiers;
      Network Communications Equipment; etc.

      WAREHOUSE

1-    K.R. Wilson Model DCT-28 28-Ton Trim Press, S/N 2494, (1968);
      (Remanufactured By EPCO In 2000), with Light Curtain

1-    Keystone 30-Ton Trim Press, S/N 3904, (1995); Hydraulic, 4-Post, Upacting,
      24" x 36" Between Posts; with Self-Contained Hydraulic Power Supply (Not
      in Service; Operable)

1-    Keystone 35-Ton Trim Press, S/N 005, (1987); Hydraulic, 4-Post, Upacting,
      24" x 36" Between Posts

1-    Denison Model S065MC281C221C224 6-Ton Trim Press, S/N 15884-A72A59,
      (1960), 5 hp; Hydraulic, Gap Frame, 18" Daylight, 7" Throat, 12" Stroke,
      3.25" Cylinder Bore

1-    Denison Model GC10C09C23A68A61A46 10-Ton Trim Press, S/N 6483-A54S05,
      (1951); Hydraulic, Gap Frame (Currently Not in Service; Operable)

1-    Denison Model 6484 10-Ton Trim Press; Hydraulic, Gap Frame

1-    Denison Model GC10C61D15A68 10-Ton Trim Press, S/N 13825; Hydraulic, Gap
      Frame

<PAGE>

2-    Mid-West Tool 6-Station Indexing Machining Centers, S/N 273; Each Station
      with (2) Sugino Drill Heads; and Allen-Bradley Model PanelView 550 PLC
      Controls; (1 Located Off Site)

1-    K.R. Wilson Model DCT-28 28-Ton Trim Press, S/N 2629, (1970); Hydraulic,
      4-Post, 24" x 36" Between Posts; (Remanufactured 2000)

1-    Duracraft Model 45161 16" Single-Spindle Floor-Type Drill, S/N Not
      Available

1-    Lincoln Model DPF1658-2 16" Single-Spindle Floor-Type Drill, S/N 522805,
      (1992)

1-    Clausing Floor-Type Drill; (Tags Painted)

1-    Bridgeport Vertical Milling Machine, S/N J97046, (1955); 80 to 2,720-rpm
      Spindle Speeds, 9" x 42" Table; with Specially Manufactured Work Fixture

1-    Spin Blast Shot Blast Machine; Spinner Hanger Type, 60" x 48" x 72", 6,428
      Hours Indicated; with Reclaim and Outside Dust Collector; (Currently Not
      in Service; Operable)

1-    Clark Model GCS20MB 4,000-Lb. LP Gas Lift Truck, S/N G138MB-1127-6920KOF,
      (1987); 188" Lift Height, Solid Tire; (CURRENTLY NOT IN SERVICE; NOT
      OPERABLE)

1-    Dayton Model 6H011B 1,400-psi Steam Cleaner, S/N C24015;
      2.2-Gallons/Minute, 229,000-Btus/Hour

<PAGE>

                                 SCHEDULE 1.1(b)

Inventory of Seller's Lexington Die Casting Division consisting of metals,
packaging and pallets, including all supplies related thereto, that is located
at Seller's facility at 201 Winchester Road, Lakewood, New York on the Effective
Date.

<PAGE>

                                    EXHIBIT A

                                 PROMISSORY NOTE

$200,000.00                                                  New York, New York
                                                                 August 2, 2005

      FOR VALUE RECEIVED, the undersigned, PREMIER TOOL & DIE CAST CORP., a
Michigan corporation having an office at 9886 North Tudor Road, Berrien Springs,
MI 49103 ("Obligor"), hereby unconditionally promises to pay to the order of
LEXINGTON PRECISION CORPORATION, a Delaware corporation ("Payee"), having an
office at 40 East 52nd Street, New York, New York 10022, at said office or at
such other place as Payee may designate in writing, in lawful money of the
United States of America and in immediately available funds, the principal
amount of TWO HUNDRED THOUSAND DOLLARS ($200,000.00), together with interest
thereon, in like money, on the unpaid principal amount of this Note, all as
provided herein.

      FOR VALUE RECEIVED, the undersigned, PREMIER TOOL & DIE CAST CORP., a
Michigan corporation having an office at 9886 North Tudor Road, Berrien Springs,
MI 49103 ("Obligor"), hereby unconditionally promises to pay to the order of
LEXINGTON PRECISION CORPORATION, a Delaware corporation ("Payee"), having an
office at 40 East 52nd Street, New York, New York 10022, at said office or at
such other place as Payee may designate in writing, in lawful money of the
United States of America and in immediately available funds, the principal
amount of TWO HUNDRED THOUSAND DOLLARS ($200,000.00), together with interest
thereon, in like money, on the unpaid principal amount of this Note, all as
provided herein.

Section 1. Payment Terms; Interest; Prepayment; Late Charges.

            The principal amount of this Note shall be payable on April 30, 2008
("Maturity Date").

            Interest on the principal amount of this Note outstanding from time
to time on and after August 2, 2005, shall accrue at the rate of ten percent
(10%) per annum and shall be computed on the basis of a 360-day year. Interest
shall be due and payable in arrears on the last day of each month, commencing
August 31, 2005, and continuing until the principal amount of this Note is paid
in full.

            If any payment on this Note becomes due and payable on a Saturday,
Sunday or other day on which banking institutions in New York City, New York,
are authorized or required by law to close, the maturity thereof shall be
extended to the next succeeding business day and, with respect to payments of
principal, interest thereon shall be payable at the then applicable rate during
such extension.

            Obligor may prepay this Note in whole at any time or in part from
time to time without penalty or premium provided that any prepayment under this
Note shall be accompanied by the payment of the interest accrued on the amount
of such prepayment to the date of

<PAGE>

prepayment. Any prepayment in whole shall be accompanied by the payment of any
other amounts payable under this Note.

            Upon the occurrence of an Event of Default (as defined in Section 3
hereof), the entire outstanding principal amount of this Note shall bear
interest at the rate of 14% per annum until this Note is paid in full.

Section 2. Purchase Agreement; Covenant.

            This Note is the promissory note referred to in and given pursuant
to that certain Equipment Purchase Agreement dated as of August 2, 2005 between
Obligor and Payee (the "Purchase Agreement").

Section 3. Events of Default.

            The occurrence of any of the following events shall constitute an
"Event of Default" hereunder:

            (a) Obligor shall fail to make any payment of principal on this Note
when due; or

            (b) Obligor shall fail to make any payment of interest under this
Note when due (whether at its stated maturity, upon acceleration or otherwise);
and such failure shall continue for ten (10) days; or

            (c) Any representation or warranty made by Obligor in the Purchase
Agreement shall have been incorrect in any material respect on or as of the date
made or deemed made and the same is not cured, if curable, within thirty (30)
days after written notice by Payee to Obligor; or

            (d) Obligor shall default in the observance or performance of any
covenant, agreement or provision contained in this Note or the Purchase
Agreement and any such default by Obligor shall continue unremedied for a period
of thirty (30) days after written notice from Payee; or

            (e) (i) Obligor shall commence any case, proceeding or other action
(A) under any existing or future law of any jurisdiction, domestic or foreign,
relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking
to have an order for relief entered with respect to it, or seeking to adjudicate
it bankrupt or insolvent, or seeking reorganization, arrangement, adjustment,
winding-up, liquidation, dissolution, composition or other relief with respect
to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian
or other similar official for it or for all or any substantial part of its
assets, or Obligor shall make a general assignment for the benefit of its
creditors; or (ii) there shall be commenced against Obligor any case, proceeding
or other action of a nature referred to in clause (i) above which (A) results in
the entry of an order for such relief or any such adjudication or appointment or
(B) remains undismissed, undischarged or unbonded for a period of sixty (60)
days; or (iii) there shall be commenced against Obligor any case, proceeding or
other action seeking issuance of a warrant of attachment, execution, distraint
or similar process against all or any substantial part of its
<PAGE>
assets which results in the entry of an order for any such relief which shall
not have been vacated, discharged, or stayed or bonded pending appeal within
sixty (60) days from the entry thereof; or (iv) Obligor shall take any action in
furtherance of, or indicating its consent to, approval of, or acquiescence in,
any of the acts set forth in clause (i), (ii) or (iii) above; or (v) Obligor
shall generally not, shall be unable to, or shall admit in writing its inability
to, pay its debts as they become due; or

            (f) the dissolution or liquidation of Obligor.

            Upon the occurrence of an Event of Default, (i) if such event is an
Event of Default specified in paragraph (d) or (e) above, all amounts owing
under this Note shall automatically become due and payable immediately, and (ii)
if such event is any other Event of Default, Payee may, by notice of default to
Obligor, declare all amounts owing under this Note to be due and payable
forthwith, whereupon the same shall immediately become due and payable. Except
as expressly provided in this Section 3, presentment, demand, protest and all
other notices of any kind are hereby expressly waived by Obligor. Upon and after
an Event of Default, Payee shall have all of the rights and remedies provided in
this Note and the Purchase Agreement and, in addition, all of the rights and
remedies available under all other applicable laws, all of which rights and
remedies shall be cumulative and non-exclusive, except as otherwise provided by
law.

Section 4. Miscellaneous.

            (a) Entire Agreement. This Note and the Purchase Agreement
constitute the entire agreement between Obligor and Payee with respect to the
subject matter hereof. No amendment, modification or waiver of the terms hereof
shall be effective unless it is in a writing executed by Payee and Obligor.

            (b) No Waiver. No failure to exercise and no delay in exercising, on
the part of Payee, any right, remedy, power or privilege hereunder, shall
operate as a waiver thereof; nor shall any single or partial exercise of any
right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege.
The rights, remedies, powers and privileges herein provided are cumulative and
not exclusive of any rights, remedies, powers and privileges provided by law.

            (c) Certain Waivers. Unless otherwise specifically provided in this
Note, the undersigned hereby waives presentment, demand for payment, notice of
dishonor, and any and all other notices or demands in connection with the
delivery, acceptance, performance, default or enforcement of each of this Note
and the Purchase Agreement.

            (d) Expenses. Obligor agrees to pay or reimburse Payee for all its
reasonable out-of-pocket costs and expenses incurred after the date of this Note
in connection with the enforcement or preservation of, and its reasonable
out-of-pocket costs and expenses incurred after the date of this Note in the
administration of any of Payee's rights under this Note, including, without
limitation, the reasonable fees and disbursements of counsel to Payee. Obligor
further agrees to pay, indemnify Payee, and hold Payee harmless from, any and
all recording and filing fees and any and all liabilities with respect to, or
resulting from any delay in

<PAGE>

paying, stamp, excise and other taxes, if any, that may be payable or determined
to be payable in connection with the execution and delivery of, or consummation
of any of the transactions contemplated by, or any amendment, supplement or
modification of, or any waiver or consent under or in respect of, this Note. The
covenants and agreements in this paragraph shall survive repayment of this Note
and all other amounts payable hereunder.

            (e) Set-off. Obligor shall be set-off against amounts due under this
Note any monetary obligations that are determined to be due and payable to
Obligor by Payee pursuant to the Purchase Agreement if Payee fails to pay such
obligations when due and such failure continue for more than 30 days after
written notice from Obligor. Obligor shall give Payee written notice of any
exercise of its right of set-off set forth in this Section 4(e), specifying the
basis for such set-off. Nothing in this Section 4(e) shall limit or restrict the
right of Payee to object to or otherwise contest any such set-off by Obligor.

            (f) Successors and Assigns. This Note shall be binding upon and
inure to the benefit of Obligor and Payee, all future holders of this Note and
their respective heirs, successors and assigns, except that Obligor may not
assign or transfer any of his rights under this Note without the prior written
consent of Payee.

            (g) GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO ANY CHOICE OF LAW RULES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANY
OTHER JURISDICTION.

            (h) SUBMISSION TO JURISDICTION. IN THE EVENT OF ANY ACTION OR
PROCEEDING WITH RESPECT TO ANY MATTER CONNECTED WITH THIS NOTE OR ANY DOCUMENT
OR INSTRUMENT DELIVERED IN CONNECTION WITH THIS NOTE, OBLIGOR HEREBY WAIVES
RIGHTS TO INTERPOSE COUNTERCLAIMS OF ANY NATURE, EXCEPT FOR COMPULSORY OR
MANDATORY COUNTERCLAIMS. OBLIGOR HEREBY IRREVOCABLY CONSENTS TO THE NONEXCLUSIVE
JURISDICTION AND VENUE OF THE COURTS OF THE STATE OF NEW YORK AND OF ANY FEDERAL
COURT LOCATED IN NEW YORK COUNTY, NEW YORK, IN CONNECTION WITH ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE OR ANY DOCUMENT OR INSTRUMENT
DELIVERED IN CONNECTION HEREWITH. OBLIGOR HEREBY WAIVES PERSONAL SERVICE OF ANY
PROCESS IN CONNECTION WITH ANY SUCH ACTION OR PROCEEDING AND AGREES THAT THE
SERVICE THEREOF MAY BE MADE BY CERTIFIED OR REGISTERED MAIL DIRECTED TO OBLIGOR
AT THE ADDRESS OF OBLIGOR SET FORTH BELOW IN THIS NOTE. IN THE ALTERNATIVE,
PAYEE MAY, IN ITS DISCRETION, EFFECT SERVICE UPON OBLIGOR IN ANY OTHER FORM OR
MANNER PERMITTED BY LAW.

<PAGE>

            (i) WAIVER OF JURY TRIAL. OBLIGOR HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE OR THE TRANSACTIONS
CONTEMPLATED HEREBY, WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE.

            (j) Severability of Provisions. If any provision of this Note is
held to be invalid, illegal or unenforceable in any jurisdiction, then the other
provisions hereof shall, to the fullest extent permitted by law, remain in full
force and effect in such jurisdiction and the invalidity or unenforceability of
any provision hereof in any such jurisdiction shall not affect the validity or
enforceability of such provision in any other jurisdiction.

            (k) Usury Limitations. It is the intention of Obligor and Payee to
conform strictly to applicable usury laws. Accordingly, notwithstanding anything
to the contrary in this Note, any late charges constituting interest under
applicable law and contracted for, chargeable or receivable hereunder shall
under no circumstances, when taken together with any other interest contracted
for, chargeable or receivable hereunder, exceed the maximum amount of interest
permitted by law, and in the event any such late charges were to exceed the
maximum amount of interest permitted by law, such excess late charges shall be
deemed a mistake and shall either be reduced immediately and automatically to
the maximum amount permitted by law or, if required to comply with applicable
law, be cancelled automatically and, if theretofore paid, at the option of the
holder of this Note, be refunded to Obligor or credited on the principal amount
then outstanding hereunder.

            (l) Notices. All notices, communications, requests and demands to or
upon the respective parties hereto must be in writing in order to be effective
and, unless otherwise expressly provided herein, shall be deemed to have been
duly given or made when delivered by hand, five (5) days after being sent by
certified or registered mail, postage prepaid, the next business day after
delivery to a nationally recognized overnight courier service for next business
day delivery, or when sent by facsimile and addressed or faxed as follows or to
such other address or facsimile number as may be hereafter notified by the
respective parties hereto and any future holder of this Note:

      If to Payee:     Lexington Precision Corporation.
                       40 East 52nd Street
                       New York, New York 10022
                       Attention: Michael A. Lubin, Chairman of the Board
                       Facsimile: (212) 319-4659

      If to Obligor:   Premier Tool & Die Cast Corp.
                       9886 North Tudor Road
                       Berrien Springs, MI 49103
                       Attention: Paul Brancaleon, President
                       Facsimile: (269) 471-3855

<PAGE>

            (m) Interpretation and Construction. The parties hereto acknowledge
and agree that (i) each party and its counsel reviewed and negotiated the terms
and provisions of this Note and the Purchase Agreement and have been contributed
to their revision; (ii) the rule of construction to the effect that any
ambiguities are resolved against the drafting party shall not be employed in the
interpretation of this Note and the Purchase Agreement; and (iii) the terms and
provisions of this Note and the Purchase Agreement shall be construed fairly as
to all parties hereto and thereof, regardless of which party was generally
responsible for the preparation of this Note and the Purchase Agreement.

            (n) Captions. The captions and headings appearing in this Note are
included solely for convenience of reference and are not intended to affect the
interpretation of any provision of this Note.

<PAGE>

            IN WITNESS WHEREOF, the undersigned has caused this Note to be duly
executed and delivered by its duly authorized officer as of the day and year
first above written.

                                                  PREMIER TOOL & DIE CAST CORP.

                                                  Name: ________________________
                                                  Title:________________________

STATE OF _________                  )
                                    :ss.
COUNTY OF __________                )

      On the ____ day of August, 2005 before me personally came
________________, the ___________ of Premier Tool & Die Cast Corp. to me known,
who, being by me duly sworn did depose and say that he resides in
________________________________; that he is the ________ of Premier Tool & Die
Cast Corp., the corporation described in and which executed the above
instrument; and that he signed his name thereto by as authorized by the Board of
Directors of such corporation.

                                                ________________________________
                                                       Notary Public

<PAGE>

                                    EXHIBIT B

                                  BILL OF SALE

      KNOW ALL MEN BY THESE PRESENTS, that Lexington Precision Corporation, a
Delaware corporation ("Seller"), for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, and pursuant to that
certain Equipment Purchase Agreement dated as of August 2, 2005 (the
"Agreement"), by and between Seller and Premier Tool & Die Cast Corp., a
Michigan corporation ("Buyer"), does hereby sell, assign, convey, transfer, set
over and deliver to Buyer, free and clear of any and all security interests,
liens, claims, charges and encumbrances, and Buyer hereby acquires from Seller,
all of Seller's right, title and interest in and to the Purchased Assets (as
defined in the Agreement).

      This Bill of Sale is being delivered pursuant to, and is subject to the
terms of, the Agreement.

      Notwithstanding anything to the contrary herein, specifically excluded
from this Bill of Sale are the Excluded Assets (as defined in the Agreement).

      Nothing contained in this Bill of Sale is intended to, nor shall it be
deemed or construed to modify, amend or supercede the Agreement or impose any
additional obligation or liability on the parties thereto, and to the extent
there is any inconsistency between this Bill of Sale and the Agreement, the
Agreement shall govern. This Bill of Sale shall be binding upon Seller and its
successors and assigns, and shall inure to the benefit of Buyer and its
successors and assigns. Capitalized terms not otherwise defined herein shall be
as defined in the Agreement.

      TO HAVE AND TO HOLD all of the Purchased Assets hereby conveyed unto
Buyer, its successors and assigns, to and for its and their own use and benefit
forever.

      IN WITNESS WHEREOF, Seller has duly executed this Bill of Sale effective
as of August 2, 2005.

                                         LEXINGTON PRECISION CORPORATION

                                         By:____________________________________
                                         Name:
                                         Title:

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