Document:

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                                                                    EXHIBIT 10.2

                         CONSENT AND AMENDMENT NO. 2 TO
                DEBTOR-IN-POSSESSION LOAN AND SECURITY AGREEMENT

                                                  August 6, 2003

Weirton Steel Corporation
400 Three Springs Drive
Weirton, West Virginia 26062
Attention: Mark E. Kaplan

Ladies and Gentlemen:

            Reference is made to the Debtor-In-Possession Loan and Security
Agreement dated as of May 20, 2003 by and among Weirton Steel Corporation,
Chapter 11 Debtor and Debtor-in-Possession ("Borrower"), the lenders from time
to time party thereto (the "Lenders"), Fleet Capital Corporation, individually
as a Lender, and as agent for the Lenders (the "Agent"; as amended, supplemented
or otherwise modified from time to time, the "Loan Agreement"). Unless otherwise
defined herein, capitalized terms used herein shall have the meanings provided
to such terms in the Loan Agreement.

            Borrower has requested that (a) as required by subsection 10.1.23 of
the Loan Agreement, Agent and Majority Lenders consent to Leonard Wise being
appointed as chef executive officer of Borrower and (b) Majority Lenders agree
to amend subsection 10.1.23 of the Loan Agreement in certain respects. Agent and
Majority Lenders have agreed to the foregoing, on the terms and conditions set
forth herein. Therefore, Agent and Majority Lenders hereby agree as follows:

            1. Consent. In reliance upon the representations and warranties set
forth in Section 3 and subject to the conditions to effectiveness set forth in
Section 4 below, Agent and Majority Lenders hereby consent to Leonard Wise
functioning as chief executive officer of Borrower. This consent is a limited
consent and shall not be deemed to constitute a consent to any other existing or
future departure from the terms of the Loan Agreement or any other Loan
Documents.

            2. Amendment. Subsection 10.1.23 of the Loan Agreement is hereby
amended and restated in its entirety as follows:

            "10.1.23. Changes in Senior Management. The failure of (a) one of
      Leonard Wise or Mark Kaplan to function as chief executive officer of
      Borrower, unless replaced within 10 days thereafter with a chief executive
      officer or chief restructuring officer acceptable to Agent and Majority
      Lenders or (b) any Bankruptcy Plan proposed by Borrower to provide that
      Mark
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      Kaplan shall function as chief executive officer of Borrower upon and
      after confirmation of such Bankruptcy Plan."

            3. Representations and Warranties. Borrower hereby represents and
warrants to Lenders that after giving effect to the transactions contemplated
hereby:

            (a) there is no Default or Event of Default currently in existence;
      and

            (b) the representations and warranties of Borrower contained in the
      Loan Agreement, as amended hereby, and the other Loan Documents, are true
      and correct in all material respects as of the date hereof, with the same
      effect as though made on the date hereof, except to the extent that such
      representations and warranties expressly relate to an earlier date, in
      which case such representations and warranties are true and correct in all
      material respects as of such earlier date.

            4. Condition to Effectiveness. This Consent and Amendment No. 2 to
Debtor-in-Possession Loan and Security Agreement (the "Amendment") shall be
effective upon the execution hereof by Agent and Majority Lenders, acceptance
hereof by Borrower, and delivery hereof to Agent on or before August __, 2003.

            5. Scope. Except as expressly amended by this Amendment, the terms
of the Loan Agreement shall remain in full force and effect as executed.

            6. Counterparts. This Amendment and all other documents and
agreements provided for herein or delivered or to be delivered hereunder or in
connection herewith may be executed in any number of counterparts, and by the
parties hereto and/or thereto on the same or separate counterparts, and each
such counterpart, when executed and delivered, shall be deemed an original, but
all such counterparts shall together constitute but one and the same agreement
or document, as applicable.

                            [SIGNATURE PAGE FOLLOWS]

                                       -2-
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                                   Very truly yours,

                                   FLEET CAPITAL CORPORATION,
                                    as Agent and as a Revolving Lender

                                   By  /s/ Tom Karlov
                                       ----------------------------------
                                   Title  S.V.P.
                                          -------------------------------

                                   Revolving Loan Commitment: $50,000,000

                                   FOOTHILL CAPITAL CORPORATION,
                                    as a Revolving Lender

                                   By  /s/ Lan Wong
                                       ----------------------------------
                                   Title  Assistant Vice-President
                                          -------------------------------

                                   Revolving Loan Commitment: $50,000,000

                                   THE CIT GROUP BUSINESS CREDIT, INC.,
                                    as a Revolving Lender

                                   By  /s/ Glenn Bartley
                                       ----------------------------------
                                   Title  Vice President
                                          -------------------------------

                                   Revolving Loan Commitment: $50,000,000

                                       -3-
<PAGE>
                                   GMAC COMMERCIAL FINANCE LLC,
                                    as a Revolving Lender

                                   By  /s/ Dianna Guzzo
                                       ----------------------------------
                                   Title  VP
                                          -------------------------------

                                   Revolving Loan Commitment: $35,000,000

                                   TRANSAMERICA BUSINESS CAPITAL
                                    CORPORATION, as a Revolving Lender

                                   By  /s/ Ari Kaplan
                                       ----------------------------------
                                   Title  Vice President
                                          -------------------------------

                                   Revolving Loan Commitment: $15,000,000

                                   MANCHESTER SECURITIES COW.,
                                    as a Term Lender

                                   By  /s/ Elliot Greenberg
                                       -----------------------------------
                                   Title  Elliot Greenberg, Vice-President
                                          --------------------------------

                                   Term Loan Commitment: $25,000,000

Acknowledged and agreed to as of
this 6th day of August, 2003.
WEIRTON STEEL CORPORATION, Chapter 11
Debtor and Debtor-in-Possession

By  /s/ David B Bordo
    --------------------------------
Its Treasurer
    --------------------------------

                                       -4-<PAGE>

                                                                    Exhibit 10-1

                                    AGREEMENT
                         (14% Junior Subordinated Notes)

        This Agreement dated as of July 31, 2003 (the "Agreement"), between
Lexington Precision Corporation, a Delaware corporation (the "Company"), and
Michael A. Lubin ("Holder").

        WHEREAS, Holder is the holder of certain 14% Junior Subordinated Notes
due November 1, 2000, of the Company in the aggregate original principal amount
of the U.S. $346,666.67 (individually, a "Note" and collectively, the "Notes");

        WHEREAS, the Company and Holder desire to, among other things, extend
the maturity date of the Notes, defer the payment of certain interest on the
Notes, and provide for the waiver of certain events of default, all on and
subject to the terms hereof;

        NOW, THEREFORE, in consideration of the mutual covenants contained
herein and for other good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, the parties hereto intending to be legally
bound, hereby agree as follows:

        1.      Waiver. Subject to paragraph 2 hereof, the Holder hereby waives
any Event of Default under the Notes resulting solely from the failure of the
Company to pay any principal or interest due on (a) the Company's 12 3/4% Senior
Subordinated Notes due February 1, 2000, or (b) the Company's 10 1/2% Senior
Note due April 30, 2002 (the indebtedness referred to in clauses (a) and (b) is
referred to herein as the "Other Indebtedness").

        2.      Rescission of Waivers. The waivers in paragraph 1 hereof shall
be automatically rescinded, without notice to the Company, in the event that the
holders of the Other Indebtedness, or the trustee in respect thereof, seeks to
enforce or exercise any remedies in respect thereof.

        3.      Modification of Notes.

                Notwithstanding anything to the contrary in the Notes, the
Company and the Holder hereby agree that (a) the maturity date of the Notes is
extended to November 1, 2003, and (b) the interest on the Notes that is due and
payable on August 1, 2003 (the "August 2003 Interest Payment"), will be deemed
to be Defaulted Interest but will be payable on November 1, 2003.

        4.      Effective Date; Applicability; Legend.

                This Agreement shall be deemed effective as of July 31, 2003.
This Agreement shall modify each Note and any replacement note issued upon
transfer of, in exchange for, or in lieu of any Note or any replacement note.
Holder agrees that Holder will cause the following legend to be placed
prominently on each Note and that any replacement note or notes issued by the
Company upon transfer of, in exchange for, or in lieu of the Note or any
replacement note shall have such legend placed thereon:

                THIS NOTE HAS BEEN MODIFIED PURSUANT TO THOSE CERTAIN AGREEMENTS
        DATED AS OF JANUARY 31, 2000, APRIL 30, 2000, JULY 31, 2000, OCTOBER 31,
        2000, JANUARY 31, 2001, APRIL 30, 2001, JULY 31, 2001, OCTOBER 31, 2001,
        JANUARY 31, 2002, APRIL 30, 2002, JUNE 30, 2002, OCTOBER 31, 2002,
        JANUARY 31, 2003, APRIL 30, 2003, AND JULY 31, 2003, COPIES OF WHICH ARE
        AVAILABLE FOR INSPECTION AT THE OFFICES OF THE COMPANY AT 767 THIRD

                                       1
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        AVENUE, 29TH FLOOR, NEW YORK, NEW YORK, AND REFERENCE SHOULD BE MADE
        THERETO FOR THE TERMS THEREOF.

        5.      Representations and Warranties. Each of the parties represents
and warrants that: (a) the execution, delivery and performance of this Agreement
have been duly authorized by all requisite action on his or its part; and (b)
this Agreement has been duly executed and delivered by him or it and constitutes
his or its legal, valid, and binding agreement, enforceable against him or it in
accordance with its terms, except as such enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws
affecting the enforceability of creditors' rights generally or general equitable
principles.

        6.      No Other Amendments.

                Except as expressly amended, waived, modified, and supplemented
hereby, each Note shall remain in full force and effect in accordance with its
terms. Without limiting the generality of the foregoing, except as set forth in
Section 1, 2 or 3 of this Agreement, nothing herein shall constitute a waiver of
any rights or remedies of the Holder upon the occurrence of any Event of
Default.

        7.      General Provisions.

                (a)     Defined Terms. Capitalized terms used herein, unless
otherwise defined herein, shall have the meaning ascribed thereto in the Notes.

                (b)     Counterparts. This Agreement may be executed by the
parties in any number of counterparts and all of said counterparts taken
together shall be deemed to constitute one and the same instrument. This
Amendment may be signed by facsimile transmission of the relevant signature
pages hereof.

                (c)     Governing Law. This Agreement shall be governed by, and
construed and interpreted in accordance with, the internal laws of the State of
New York.

                (d)     Successors and Assigns. This Agreement shall be binding
upon and inure to the benefit of the heirs, successors, and assigns of the
parties hereto and any and all transferees and holders of the Notes or any
replacement note.

                (e)     Headings. The paragraph headings of this Agreement are
for convenience of reference only and are not to be considered in construing
this Agreement.

                IN WITNESS WHEREOF, the Company and Holder have caused this
Agreement to be duly executed and delivered as of the date first written above.

                                      LEXINGTON PRECISION CORPORATION

                                      By:    /s/  Warren Delano
                                             -----------------------------------
                                      Name:  Warren Delano
                                             -----------------------------------
                                      Title: President
                                             -----------------------------------

                                               /s/  Michael A. Lubin
                                      ------------------------------------------
                                                  Michael A. Lubin

                                       2

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