Document:

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                                                                    Exhibit 4.14

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                                CREDIT AGREEMENT

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                                     between

                           CASTING TECHNOLOGY COMPANY

                                       and

                               THE PROVIDENT BANK

                         DATED AS OF SEPTEMBER 15, 2003

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                                TABLE OF CONTENTS
<TABLE>
<S>     <C>    <C>    <C>    <C>    <C>    <C>

                                                                      Page

Article 1.        Definitions       1

Section 1.1 Defined Terms. 1

Section 1.2 Rules of Construction.  11

Section 1.3 Accounting Terms.       11

Article 2.        Credit   11

Section 2.1 Line of Credit Commitment.      11

Section 2.2 Term Loan.     11

Section 2.3 Interest Rate. 11

2.3.1. Line of Credit. 11

2.3.2. Term Loan. 11

2.3.3. General. 11

Section 2.4 Payments of Principal and Interest.      12

2.4.1. Line of Credit. 12

2.4.2. Term Loan. 12

2.4.3. Method of Payment. 12

2.4.4. Banking Day. 12

2.4.5. Mandatory Prepayments and Reductions. 12

Section 2.5 Prepayment.    13

2.5.1. Line of Credit. 13

2.5.2. Term Loan. 13

Section 2.6 Fees. 13

2.6.1. Closing Fee. 13

2.6.2. Unused Fee. 13

2.6.3. Monitoring Fee. 14

2.6.4. General. 14

Section 2.7 Use of Proceeds.        14

Section 2.8 Interest Rate Selection - LIBOR Option.  14

Section 2.9 Method of Advance.      14

2.9.1. Line of Credit. 14

2.9.2. General. 15

Section 2.10 Taxes.        15

2.10.1. General. 15

2.10.2. Tax Indemnity. 15

Section 2.11 Yield Protection.      15

Section 2.12 Changes in Capital Adequacy Regulations.         16

Section 2.13 Availability of Types of Advances.      16

Section 2.14 Funding Indemnification.       17

Section 2.15 Lender Statements; Survival of Indemnity.        17

Article 3.        Security and Guaranty     17

Section 3.1 Security.      17

Section 3.2 Additional Collateral/Setoff.   17

Article 4.        Representations and Warranties     18

Section 4.1 Due Organization.       18

</TABLE>

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Section 4.2 Due Qualification.      18

Section 4.3 Power.         18

Section 4.4 Authority.     18

Section 4.5 Financial Statements.   18

Section 4.6 No Material Adverse Change.     18

Section 4.7 Subsidiaries.  18

Section 4.8 Binding Obligations.    18

Section 4.9 Marketable Title.       18

Section 4.10 Indebtedness. 19

Section 4.11 Default.      19

Section 4.12 Tax Returns.  19

Section 4.13 Litigation.   19

                             Section 4.14 ERISA. 19

Section 4.15 Full Disclosure.       19

Section 4.16 Contracts of Surety.   19

Section 4.17 Licenses.     20

Section 4.18 Compliance with Law.   20

                         Section 4.19 Force Majeure. 20

Section 4.20 Margin Stock. 20

Section 4.21 Approvals.    20

Section 4.22 Insolvency.   20

Section 4.23 Regulation.   20

Section 4.24 Environmental Compliance.      20

Section 4.25 Conditions Precedent.  21

Section 4.26 General.      21

Article 5.        Covenants         21

Section 5.1 Negative Covenants.     21

5.1.1. Dispose of Property. 21

5.1.2. Further Encumber. 21

5.1.3. Conduct of Business; Subsidiaries; Acquisitions. 21

5.1.4. Purchase Partnership Interests. 21

5.1.5. Sell and Leaseback. 21

5.1.6. Borrowings. 21

5.1.7. Investments. 21

5.1.8. Guarantees. 21

5.1.9. Change Name or Place of Business. 22

5.1.10. Special Corporate Transactions. 22

5.1.11. Accounting Policies. 22

5.1.12. Change of Business. 22

5.1.13. Benefit Plans. 22

5.1.14. Adversity. 22

5.1.15. Dividends. 22

5.1.16. Restrictive Agreements. 22

5.1.17. Transactions with Partners and Affiliates. 22

5.1.18. Capital Expenditures. 23

Section 5.2 Affirmative Covenants.  23

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5.2.1. Financial Reporting. 23

5.2.2. Good Standing. 24

5.2.3. Taxes, Etc. 24

5.2.4. Maintain Properties. 24

5.2.5. Insurance. 25

5.2.6. Books and Records. 25

5.2.7. Reports. 25

5.2.8. Licenses. 25 5.2.9. Notice of Material Adverse Change. 25

5.2.10. Compliance with Law. 25

5.2.11. Trade Accounts. 25

5.2.12. Use of Proceeds. 25

5.2.13. Loan Payments. 25

5.2.14. Environmental Matters. 25

5.2.15. Banking Relationship. 26

5.2.16. Required Rate Hedging Agreements. 26

5.2.17. Inventory Appraisals. 26

5.2.18. Foreign Credit Insurance. 26

Section 5.3 Financial Covenants.    26

5.3.1. Senior Funded Debt to EBITDA Ratio.26

5.3.2. Fixed Charge Coverage Ratio. 26

Article 6.        Conditions Precedent      27

Section 6.1 Conditions to Initial Advance.  27

6.1.1. Authorization. 27

6.1.2. Insurance. 27

6.1.3. Loan Documents. 27

6.1.4. Real Estate Appraisal. 27

6.1.5. Survey. 27

6.1.6. Title Insurance. 27

6.1.7. Environmental. 27

6.1.8. Incumbency. 28

6.1.9. Legal Matters. 28

6.1.10. Borrowing Base, Etc. 28

6.1.11. Opinions of Counsel. 28

6.1.12. UCC Searches. 28

6.1.13. Fees. 28

6.1.14. Regulation U. 28

6.1.15. No Default. 28

6.1.16. Consents. 28

6.1.17. Equipment and Inventory Appraisal. 28

6.1.18. Projected Balance Sheet and Income Statement. 28

6.1.19. Availability on Line of Credit. 28

6.1.20. Field Audit/Due Diligence. 29

6.1.21. Additional Documentation. 29

Section 6.2 Conditions to Subsequent Advances.       29

6.2.1. No Default. 29

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  6.2.2.       Representations and Warranties  ..........................  29
  6.2.3.       Legal Matters  ...........................................  29
  6.2.4.       Expenses  ................................................  29
Section 6.3    General  .................................................  29
Article 7.     Default ..................................................  29
Article 8.     Remedy ...................................................  31
Section 8.1    Acceleration  ............................................  31
Section 8.2    Remedy  .................................................   31
Section 8.3    Preservation of Rights  ..................................  31
Article 9.     General Provisions .......................................  31
Section 9.1    Benefit of Agreement  ....................................  31
Section 9.2    Survival of Representations  .............................  31
Section 9.3    Governmental Regulation  .................................  31
Section 9.4    Conflict  ................................................  32
Section 9.5    Choice of Law  ...........................................  32
Section 9.6    Headings  ................................................  32
Section 9.7    Entire Agreement  ........................................  32
Section 9.8    Expenses  ................................................  32
Section 9.9    Indemnification  .........................................  32
Section 9.10   Confidentiality  .........................................  32
Section 9.11   Giving Notice  ...........................................  33
Section 9.12   Counterparts  ............................................  33
Section 9.13   Incorporation by Reference  ..............................  33
Section 9.14   Time of Essence  .........................................  33
Section 9.15   No Joint Venture  ........................................  33
Section 9.16   Relationship of Parties; Release of Consequential Damages.  33
Section 9.17   Severability. ............................................  34
Section 9.18   Gender  ..................................................  34
Section 9.19   Waiver and Amendment  ....................................  34
Section 9.20   Bank Not in Control  .....................................  34
Section 9.21   Conflict  ................................................  34
Section 9.22   Waiver Of Jury Trial  ....................................  34

Schedule 1     Permitted Encumbrances
Schedule 4.7   Subsidiaries
Schedule 4.10  Other Indebtedness

Schedule 4.13  Material Pending or Threatened Litigation

Exhibit A      Credit Note
Exhibit B      Term Note

Exhibit C      General Security Agreement

Exhibit D      Real Estate Mortgage, Security Agreement and Fixture Filing

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                                       iv

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                                CREDIT AGREEMENT

         THIS CREDIT AGREEMENT, dated as of September 15, 2003, is between
CASTING TECHNOLOGY COMPANY and THE PROVIDENT BANK. The parties agree as follows:

ARTICLE 1.        DEFINITIONS
Section 1.1       Defined Terms.  As used herein:

         "Accounts", "Chattel Paper", "Deposit Accounts", "Documents",
"Equipment", "Fixtures", "General Intangibles", "Goods", "Instruments",
"Inventory" and "Proceeds" shall have the meanings ascribed in the Security
Agreements.

         "Acquisition" means any transaction, or any series of related
transactions, consummated on or after the date of this Agreement, by which
Borrower or any of its Subsidiaries (a) acquires any going business or all or
substantially all of the assets of any firm, corporation or division thereof,
whether through purchase of assets, merger or otherwise or (b) directly or
indirectly acquires (in one transaction or as the most recent transaction in a
series of transactions) at least a majority (in number of votes) of the
securities of a corporation which have ordinary voting power for the election of
directors (other than securities having such power only by reason of the
happening of a contingency) or a majority (by percentage of voting power) of the
outstanding equity interests of another Person.

         "Advance" means a disbursement of proceeds of the Facilities.

         "Affiliate" means, with respect to any Person, any other Person (a)
directly or indirectly through one or more intermediaries, controlling,
controlled by, or under common control with, such Person, or (b) that directly
or indirectly owns more than Ten Percent (10%) of any class of the voting
securities or capital stock of or equity interests in such Person. A Person
shall be deemed to control another Person if such Person possesses, directly or
indirectly, the power to direct or cause the direction of the management and
policies of such other Person, whether through the ownership of voting
securities, by contract or otherwise.

         "Agreement" means this Credit Agreement, as amended from time to time.

         "Amcast" means Amcast Industrial Corporation, an Ohio corporation.

         "Amcast Guaranty" means the Guaranty of Payment of Debt dated July 24,
2001, executed by Borrower in favor of KeyBank National Association, as agent,
including any amendment or modification thereof.

         "Amcast Security Agreement" means the Security Agreement, dated as of
July 24, 2001, executed by Borrower in favor of KeyBank National Association, as
collateral agent, including any amendment or modification thereof.

         "Amcast LIFO Security Agreement" means the Security Agreement, dated as
of July 24, 2001, executed by Borrower in favor of KeyBank National Association,
as agent, including any amendment or modification thereof.

         "Amcast Subordination Agreement" means the Lien Subordination
Agreement, in the form prescribed by Bank, duly executed by KeyBank National
Association, as Agent for the

<PAGE>

          lenders providing financial accommodations to Amcast, including any
          amendment or modification thereof.

         "Applicable Margin" and "Applicable Fee" is determined be reference to
the following table:
<TABLE>

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        Senior Funded Debt               Applicable Margin for         Applicable Margin for         Applicable Fee
          to EBITDA Ratio                   LIBOR Advances           Prime Rate Advance Loans
<S>                                  <C>                           <C>                            <C>
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Greater than 3.00 to 1.00                       3.25%                          1.25%                      .75%
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Less than or equal to 3.00 to 1.00              3.00%                          1.00%                     .625%
but greater than 2.75 to 1.00
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Less than or equal to 2.75 to 1.00              2.75%                          .75%                       .50%
but greater than or equal to 2.25
to 1.00
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Less than 2.25 to 1.00 but greater              2.50%                          .50%                      .375%
than or equal to 1.75 to 1.00
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Less than 1.75 to 1.00                          2.25%                          .25%                       .25%
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</TABLE>

     The Applicable Margin and the Applicable Fee shall initially be determined
based on a Senior Funded Debt to EBITDA Ratio of 1.9 to 1.0. The Applicable
Margin and the Applicable Fee shall be adjusted quarterly (upwards or downwards,
as appropriate) based upon the Senior Funded Debt to EBITDA Ratio determined
from the Financial Statements for the immediately preceding fiscal quarter. The
adjustment (upwards or downwards, as appropriate), if any, to the Applicable
Margin or the Applicable Fee shall be effective on the fifth (5th) Banking Day
after delivery of the Financial Statements. In the event Bank has not received
the required Financial Statements pursuant to Section 5.2.1 hereof within the
time periods provided therein, the highest Senior Funded Debt to EBITDA Ratio
set forth in the foregoing table shall be conclusively presumed to be correct
until the fifth (5th) Banking Day after Bank receives such Financial Statements,
at which time the Applicable Margin and the Applicable Fee shall be adjusted
based upon the Senior Funded Debt to EBIDTA Ratio determined from such Financial
Statements. In no event shall the Applicable Margin or the Applicable Fee be
adjusted downward if there exists a Default on the date on which such downward
adjustment would otherwise become effective until such time as the Default has
been cured, waived or ceases to exist. The provisions of this definition are not
intended to, and shall not be construed to, authorize any violation by Borrower
of any financial covenant contained in Section 5.3 hereof or to constitute a
waiver thereof or any commitment by Bank to waive any violation by Borrower of
any financial covenant contained in Section 5.3 hereof.

     "Bank" means The Provident Bank, its successors and assigns.

     "Banking Day" means a day on which the principal domestic office of Bank is
open for the purpose of conducting substantially all of its business activities
and, if the applicable day relates to a LIBOR Advance, or notice with respect to
a LIBOR Advance, a day on which dealings in U.S. dollar deposits are carried on
in the London interbank market and banks are open for business in London.

     "Borrower" means Casting Technology Company, an Indiana general
partnership.

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Credit Agreement                      Page  2

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         "Borrowing Base" means, on any date of determination, an amount equal
to (a) Eighty-Five Percent (85%) of Borrower's Eligible Accounts, plus (b)
Thirty-Five Percent (35%) of Borrower's Eligible Inventory, plus (c) One Million
Dollars ($1,000,000).

         "Capitalized Expenditures" means, without duplication, any expenditures
for any purchase or other acquisition of any asset which would be classified as
a fixed or capital asset on a balance sheet of Borrower prepared in accordance
with GAAP.

         "Capitalized Lease" means any lease of property which would be
capitalized on a financial statement of a Person prepared in accordance with
GAAP.

         "Capitalized Lease Obligations" means the amount of the obligations of
a Person under Capitalized Leases which are shown as liabilities on a balance
sheet of such Person prepared in accordance with GAAP.

         "CERCLA" means the Comprehensive Environmental Response, Compensation
and Liability Act of 1980, as amended.

         "CERCLIS" means the Comprehensive Environmental Response Compensation
Liability Information System List under CERCLA.

         "Change in Control" means (a) with respect to any corporate general
partner of Borrower, (i) the acquisition by any Person or two or more Persons
acting in concert (other than current owners as of the date of this Agreement),
of beneficial ownership (within the meaning of Rule 13d-3 of the Securities and
Exchange Commission under the Securities Exchange Act of 1934) of fifty percent
(50%) or more of the outstanding shares of voting stock of Borrower; or (ii) the
occurrence during any period of twelve (12) consecutive months, commencing
before or after the date of this Agreement, pursuant to which individuals who on
the first day of such period were directors of such corporate general partner of
Borrower (together with any replacement or additional directors who were
nominated or elected by a majority of directors then in office) cease to
constitute a majority of the Board of Directors of such corporate general
partner of Borrower, or (ii) with respect to Borrower, if Amcast fails to own
One Hundred Percent (100%) of the ownership interest of Borrower.

         "Code" means the Internal Revenue Code of 1986, as amended, reformed or
otherwise modified from time to time.

         "Compliance Certificate" means a Compliance Certificate, in the form
prescribed by Bank, duly executed by the chief executive or chief financial
officer of Borrower.

         "Credit Note" means the Credit Note, in substantially the form of
Exhibit A hereto, duly executed by Borrower to Bank to evidence Advances under
the Line of Credit, including any amendment, modification, renewal, extension or
replacement thereof.

         "Default" means any of the events specified in Section 7 hereof.

         "EBITDA" means, as of any date of determination, the sum of (a) net
income, plus (b) to the extent deducted in determining net income, income taxes
paid or accrued, plus (c) depreciation, amortization and other non-cash charges
shown as a charge against earnings for such period, minus (plus) (d) to the
extent included (deducted) in determining net income, any gain (loss) which may
be treated as an extraordinary item under GAAP or realized upon the sale or
other disposition of any Property that is not sold in the ordinary course of
business, plus (e) interest expense, minus (f) interest income, in each instance
determined for the trailing four (4)

Credit Agreement  Page  3

<PAGE>

         quarter period ending on the date of determination. EBITDA shall be
calculated in accordance with GAAP and determined from the Financial Statements.

         "Eligible Accounts" means, on any date of determination, all Accounts
then owned by Borrower which conform with the representations and warranties set
forth in the Security Agreement and which are not subject to any prior Lien,
except (a) Accounts outstanding more than sixty (60) days from the due date for
Accounts billed net forty-five (45) days or less, (b) Accounts outstanding more
than thirty (30) days from the due date for Accounts billed net forty-six (46)
days or more; (c) all Accounts of any account debtor if Twenty-Five Percent
(25%) or more of the amount owing by such account debtor is more than sixty (60)
days past due from the due date for Accounts billed net forty-five (45) days or
less or thirty (30) days past due from the due date for Accounts billed net
forty-six (46) days or more; (d) all Accounts of the account debtor which Bank
reasonably deems unacceptable because of the credit-worthiness of the account
debtor; (e) Accounts of account debtors who are also creditors of Borrower to
the extent of the amount owed to such account debtors; (f) Accounts owed by
account debtors who are Affiliates of Borrower; (g) Accounts owed by account
debtor who are employees of Borrower or any Subsidiary; (h) Accounts of account
debtors who are Governmental Authorities, unless proper assignments to Bank have
been completed; (i) Accounts not denominated in U.S. Dollars; (j) Accounts of
account debtors who are non-residents of the United States, unless such Account
qualifies as an Insured Eligible Foreign Account; (k) Accounts with respect to
which the account debtor is located in Minnesota (or any other jurisdiction
which adopts a statute or other requirement with respect to which any Person
that obtains business from within such jurisdiction or is otherwise subject to
such jurisdiction's tax law requiring such Person to file a Business Activity
Report or make any other required filings in a timely manner in order to enforce
its claims in such jurisdiction's courts or arising under such jurisdiction's
laws); provided, however, such receivables shall nonetheless be eligible if
Borrower has filed a Business Activity Report (or other applicable report or
filing) with the applicable state office by the time required or is qualified to
do business in such jurisdiction and, at the time the receivable was created,
was qualified to do business in such jurisdiction or had on file with the
applicable state office a current Business Activity Report (or other applicable
report or filing); (l) Accounts to such extent such Accounts are subject to
known payments, adjustments or credits; (m) Accounts, or any portion thereof,
which are considered uncollectible for any reason, including, without
limitation, materials or work returned, rejected, repossessed, lost or damaged;
(n) non-trade Accounts; (o) Accounts representing retainage or similar
conditional holdbacks of payment; and (p) Accounts, or any portion thereof,
which are considered unacceptable by Bank.

         "Eligible Inventory" means, on any date of determination, that portion
of raw material, finished goods and parts Inventory owned by Borrower, valued at
the lower of cost (based on the FIFO method) or market, less reserves (a) on
which Bank has a first (1st) and prior lien, (b) which conforms with the
representations and warranties set forth in the Security Agreement, (c) which is
not obsolete or slow moving, (d) which is not in transit, (e) which is not
placed on consignment, (f) which is not stored with any bailee, warehouseman or
other party, (g) which does not constitute labor, overhead, freight or
miscellaneous charges, (h) which is not work-in-process or supplies Inventory,
and (i) which Bank has not otherwise reasonably determined unacceptable.

         "Environmental Laws" means all provisions of laws, statutes,
ordinances, rules, regulations, permits, licenses, judgments, writs,
injunctions, decrees, orders, awards and

Credit Agreement  Page  4

<PAGE>

standards promulgated by any Governmental Authority concerning the protection
of, or regulation of the discharge of substances into, the environment or
concerning the health or safety of persons with respect to environmental
hazards, and includes, without limitation, the Hazardous Materials
Transportation Act, 42 U.S.C.ss.1801 et seq., the Comprehensive Environmental
Response, Compensation and Liability Act of 1980, as amended by the Superfund
Amendments and Reauthorization Act of 1986, 42 U.S.C.ss.ss.9601 et seq., the
Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery
Act of 1976 and the Solid and Hazardous Waste Amendments of 1984, 42
U.S.C.ss.ss.6901 et seq., the Federal Water Pollution Control Act, as amended by
the Clean Water Act of 1977, 33 U.S.C.ss.ss.1251 et seq., the Clean Air Act of
1966, as amended, 42 U.S.C.ss.ss.7401 et seq., the Toxic Substances Control Act
of 1976, 15 U.S.C.ss.ss.2601 et seq., the Federal Insecticide, Fungicide, and
Rodenticide Act, 7 U.S.C.ss.7401 et seq., the Occupational Safety and Health Act
of 1970, as amended, 29 U.S.C.ss.ss.651 et seq., the Emergency Planning and
Community Right-to-Know Act of 1986, 42 U.S.C.ss.ss.11001 et seq., the National
Environmental Policy Act of 1975, 42 U.S.C.ss.ss.4321 et seq., the Safe Drinking
Water Act of 1974, as amended, 42 U.S.C.ss.ss.300(f) et seq., and any similar or
implementing state law, and all amendments, rules, and regulations promulgated
thereunder.

         "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended from time-to-time.

         "ERISA Affiliate" means any trade or business, whether or not
incorporated, which together with the subject Person would be treated as a
single employer under ERISA.

         "Facilities" means, collectively, the Line of Credit, the Term Loan and
any other credit facility provided by Bank to Borrower from time to time
pursuant to this Agreement.

         "Financial Contract" of a Person means (a) any exchange-traded or
over-the-counter futures, forward, swap or option contract or other financial
instrument with similar characteristics, (b) any agreements, devices or
arrangements providing for payments related to fluctuations of interest rates,
exchange rates or forward rates, including, but not limited to, interest rate
exchange agreements, forward currency exchange agreements, interest rate cap or
collar protection agreements, forward rate currency or interest rate options, or
(c) to the extent not otherwise included in the foregoing, any Rate Hedging
Agreement.

         "Financial Statements" means, as the context may require, (a) the
financial statements of Borrower as of June 1, 2003, and/or (b) the similar
financial statements of Borrower furnished from time to time pursuant to Section
5.2.1 hereof; in all cases together with any accompanying notes or other
disclosures to such financial statements, and any other documents or data
furnished to Bank in connection therewith.

         "Fixed Charge Coverage Ratio" means, the ratio of (a) the sum of (i)
EBITDA, minus (ii) Unfunded Capital Expenditures, minus (iii) taxes paid, minus
(iv) dividends and other distributions in respect of ownership paid or payable,
divided by (b) the sum of (i) interest expense, plus (ii) principal payments of
all long term Indebtedness; in each instance determined for the trailing four
(4) quarter period ending on the date of determination; provided that for
purposes of determining the Fixed Charge Coverage Ratio for the fiscal quarters
ending August 31, 2003, November 30, 2003, February 29, 2004 and May 31, 2004,
item (b) (ii) above shall be determined on the projected principal payments of
long-term Indebtedness scheduled to be made for the period from the date hereof
through August 31, 2004. The Fixed Charge Coverage Ratio

Credit Agreement  Page  5

<PAGE>

shall otherwise be determined in accordance with GAAP and as shown in the
Financial Statements.

         "GAAP" means generally accepted accounting principles in the United
States of America in effect from time to time as promulgated by the Financial
Accounting Standards Board and recognized and interpreted by the American
Institute of Certified Public Accountants.

         "Governmental Authority" means any nation or government, any state or
other political subdivision thereof, and any entity exercising executive,
legislative, judicial, regulatory or administrative functions of or pertaining
to any government, including, without limiting the generality of the foregoing,
any agency, body, commission, court or department thereof whether federal,
state, local or foreign.

         "Hazardous Materials" mean (a) any "hazardous substance," as defined by
CERCLA, (b) any "hazardous waste," as defined by the Resource Conservation and
Recovery Act, as amended, (c) any petroleum product, or (d) any pollutant or
contaminant or hazardous, dangerous or toxic chemical, material or substance
within the meaning of any other federal, state or local law, regulation,
ordinance or requirement (including consent decrees and administrative orders)
relating to, or imposing liability or standards of conduct concerning, any
hazardous, toxic or dangerous waste, substance or material, all as amended or
hereafter amended.

         "Indebtedness" of a Person means such Person's (a) obligations for
borrowed money, (b) obligations representing the deferred purchase price of
Property or services (other than payable arising in the ordinary course of such
Person's business payable on terms customary in the trade), (c) obligations,
whether or not assumed, secured by any Lien upon or in Property owned by the
subject Person or payable out of the proceeds or production from Property now or
hereafter owned or acquired by such Person, (d) obligations which are evidenced
by notes, acceptances, or other instruments, (e) Capitalized Lease Obligations,
(f) indebtedness or other obligations of any other Person for borrowed money or
for the deferred purchase price of property or services, the payment or
collection of which the subject Person has guaranteed (except by reason of
endorsement for collection in the ordinary course of business) or in respect of
which the subject Person is liable, contingently or otherwise, including,
without limitation, liability by way of agreement to purchase, to provide funds
for payment, to supply funds to or otherwise to invest in such other Person, or
otherwise to assure a creditor against loss, (g) reimbursement or other
obligations in connection with letters of credit, (h) obligations in connection
with Sale and Leaseback Transactions, (i) any Net Mark-To-Market Exposure of
Rate Hedging Agreements or other Financial Contracts, and (j) any other
transaction which is the functional equivalent of, or takes the place of
borrowing, but which would not constitute a liability on a balance sheet of such
Person prepared in accordance with GAAP.

         "Insured Eligible Foreign Account" means (a) an Account of an account
debtor that is not a resident of the United States, but (i) is named in an
effective policy of credit insurance acceptable to Bank naming Bank as loss
payee and providing coverage exceeding Eighty-Five Percent (85%) of the insured
account, or (ii) is guaranteed by an irrevocable letter of credit advised or
confirmed by Bank, and (b) an Account that otherwise constitutes an Eligible
Account other than the account debtor is a non-resident of the United States.

         "Investments" of a Person means any loan, advance (other than
commission, travel and similar advances to officers and employees made in the
ordinary course of business), extension of credit (other than accounts
receivable arising in the ordinary course of business on terms

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Credit Agreement                    Page  6

<PAGE>

         customary in the trade) or contribution of capital by such Person;
stocks, bonds, mutual funds, partnership interests, notes, debentures or other
securities owned by such Person; any deposit accounts and certificates of
deposit owned by such Person; and structured notes, derivative financial
instruments and other similar instruments or contracts owned by such Person.

         "LIBO Base Rate" means, with respect to each LIBOR Advance for the
relevant LIBOR Interest Period, the applicable British Bankers' Association
Interest Settlement Rate for deposits in U.S. dollars appearing on Reuters
Screen FRBD as of 11:00 a.m. (London time) two (2) Banking Days prior to the
first day of such LIBOR Interest Period, and having a maturity equal to such
LIBOR Interest Period, provided that, (a) if Reuters Screen FRBD is not
available to Bank for any reason, the applicable LIBO Base Rate for the relevant
Interest Period shall instead be the applicable British Bankers' Association
Interest Settlement Rate for deposits in U.S. dollars as reported by any other
generally recognized financial information service as of 11:00 a.m. (London
time) two (2) Banking Days prior to the first day of such LIBOR Interest Period,
and (b) if no such British Bankers' Association Interest Settlement Rate is
available to Bank, the applicable LIBO Base Rate for the relevant LIBOR Interest
Period shall instead be the rate determined by Bank to be the rate at which Bank
or one of its affiliate banks offers to place deposits in U.S. dollars with
first-class lenders in the London interbank market at approximately 11:00 a.m.
(London time) two (2) Banking Days prior to the first day of such LIBOR Interest
Period, in the appropriate amount of Bank's relevant LIBOR Advance and having a
maturity approximately equal to such LIBOR Interest Period.

         "LIBOR" means, with respect to a LIBOR Advance for the relevant LIBOR
Interest Period, the quotient of (a) the LIBO Base Rate applicable to such LIBOR
Interest Period, divided by (b) one minus the Reserve Requirement (expressed as
a decimal) applicable to such LIBOR Interest Period. The LIBOR shall be rounded
to the next higher multiple of 1/16 of 1% if the foregoing sum is not such a
multiple.

         "LIBOR Advance" means an Advance which bears interest by reference to
the LIBOR.

         "LIBOR Interest Period" means, with respect to a LIBOR Advance, a
period of one (1), two (2) or three (3) months commencing on a Banking Day
selected by Borrower pursuant to this Agreement. Such LIBOR Interest Period
shall end on the day which corresponds numerically to such date one (1), two (2)
or three (3) months thereafter, provided, however, that if there is no such
numerically corresponding day in such next, second or third succeeding month,
such LIBOR Interest Period shall end on the last Banking Day of such next,
second or third succeeding month. If a LIBOR Interest Period would otherwise end
on a day which is not a Banking Day, such LIBOR Interest Period shall end on the
next succeeding Banking Day, provided, however, that if said next succeeding
Banking Day falls in a new calendar month, such LIBOR Interest Period shall end
on the immediately preceding Banking Day.

         "LIBOR Option" means a rate selected by Borrower equal to the LIBOR
plus the Applicable Margin.

         "Lien" means any lien (statutory or other), security interest,
mortgage, pledge, hypothecation, assignment for the purpose of security, deposit
arrangement for the purpose of security, encumbrance or preference, priority or
other security agreement of any kind or nature whatsoever (including, without
limitation, the interest of a vendor or lessor under any conditional sale,
Capitalized Lease or other title retention agreement).

Credit Agreement  Page  7

<PAGE>

         "Line of Credit" means the secured revolving line of credit to Borrower
in the maximum principal amount of Five Million Dollars ($5,000,000), governed
by this Agreement, including any renewal or extension thereof.

         "Line of Credit Maturity Date" means September 30, 2006 unless earlier
terminated pursuant to the terms of this Agreement.

         "Loan Documents" means this Agreement, the Credit Note, the Term Note,
the Security Agreement, the Mortgage, any UCC Financing Statements and all other
documents executed and delivered by Borrower or any guarantor to govern,
evidence or secure the Facilities.

         "Loss" shall have the meaning ascribed in Section 9.9 hereof.

         "Material Adverse Effect" means any event, circumstance or condition
that could reasonably be expected to have a material adverse effect on (a) the
business, operations, financial condition, Property or prospects of Borrower,
(b) the ability of Borrower to perform the Obligations, (c) the validity or
enforceability of any of the Loan Documents, or any material provision thereof
or any material transaction contemplated thereby, or (d) the rights and remedies
of Bank under any of the Loan Documents.

         "Moody's" means Moody's Investors Service, Inc.

         "Mortgage" means the Real Estate Mortgage, Security Agreement and
Fixture Filing in substantially the form of Exhibit D duly executed by Borrower
to Bank to secure the Obligations, including any amendment or modification
thereof.

         "Net Mark-to-Market Exposure" of a Person means, as of any date of
determination, the excess (if any) of all unrealized losses over all unrealized
profits of such Person arising from Rate Hedging Agreements, where "unrealized
losses" means the fair market value of the cost to such Person of replacing such
Rate Hedging Agreement as of the date of determination (assuming the Rate
Hedging Agreement were to be terminated as of that date), and "unrealized
profits" means the fair market value of the gain to such Person of replacing
such Rate Hedging Agreement as of the date of determination (assuming such Rate
Hedging Agreement were to be terminated as of that date).

         "Notes" means the Credit Note and the Term Note.

         "Obligations" means all unpaid principal and accrued and unpaid
interest on the Notes, all accrued and unpaid fees thereunder and hereunder,
obligations of Borrower to Bank or an affiliate of Bank in respect of any Rate
Hedging Obligations, and all other obligations, indemnities and liabilities of
Borrower to Bank of every type and description, direct or indirect, joint,
several or joint and several, absolute or contingent, whether or not arising in
connection with the Facilities, due or to become due, now existing or hereafter
arising and whether or not contemplated by Borrower or Bank as of the date
hereof, including, without limitation, any Advances pursuant to any amendment of
this Agreement, all reasonable costs of collection and enforcement of any and
all thereof, including reasonable attorney fees.

         "Operating Lease" of a Person means any lease of Property (other than a
Capitalized Lease) by such Person as lessee.

         "PBGC" means the Pension Benefit Guaranty Corporation established
pursuant to ERISA, or any successor entity.

Credit Agreement  Page  8

<PAGE>

         "Permissible Increment" means (a) with respect to LIBOR Advances, Five
Hundred Thousand Dollars ($500,000) and minimum increments of One Hundred
Thousand Dollars ($100,000) and (b) with respect to Prime Rate Advances, Fifty
Thousand Dollars ($50,000) and minimum increments of Ten Thousand Dollars
($10,000).

         "Permitted Encumbrances" means (a) Liens for taxes or assessments which
are not yet due, Liens for taxes or assessments or Liens of judgments which are
being contested, appealed or reviewed in good faith by appropriate proceedings
which prevent foreclosure of any such Lien or levy of execution thereunder and
against which Liens, if any, adequate insurance or reserves have been provided;
(b) pledges or deposits to secure payment of workers' compensation obligations
and deposits or indemnities to secure public or statutory obligations or for
similar purposes; (c) those minor defects which in the opinion of Bank's counsel
do not materially affect title to the collateral for the Obligations; (d) Liens
in favor of Bank; (e) Liens imposed by law, such as carrier's, warehousemen's
and mechanic's liens and other similar Liens arising in the ordinary course of
business which secure payment of obligations not more than sixty (60) days past
due; (f) utility easements, building restrictions, zoning ordinances and such
other encumbrances or charges against real Property as are of a nature generally
existing with respect to real Properties of a similar character and which do not
in any material way affect the marketability of the same or interfere with the
use thereof in the business of Borrower; (g) lessors' interests under
Capitalized Leases now existing; (h) permitted liens expressly described in the
Mortgage; (i) subject to the Amcast Subordination Agreement, the Liens
encumbering Borrower's personal Property securing the Obligations (as defined in
the Amcast Security Agreement) and the Debt (as defined in the Amcast LIFO
Security Agreement); and (j) those further encumbrances (if any) shown on
Schedule 1 attached hereto.

         "Person" means and includes an individual, a partnership, a joint
venture, a corporation, a limited liability company, a trust, an unincorporated
association and a Governmental Authority.

         "Plan" means an employee pension benefit plan which is covered by Title
IV of ERISA or subject to the minimum funding standards under Section 412 of the
Code as to which Borrower may have any liability.

         "Prime Rate" means the rate of interest quoted and announced as its
prime rate by Bank, through its usual and customary procedures as established
from time to time by Bank in its sole discretion with no responsibility to
consult with or notify Borrower in connection with any changes in such
procedures or rate, and for any specific time shall mean the prime rate then
most recently announced as the prime rate of Bank, changing when and as such
prime rate changes.

         "Prime Rate Advance Loan" means an Advance when and to the extent that
the interest rate thereof is determined by reference to the Prime Rate.

         "Property" of a Person means any and all property, whether real,
personal, tangible, intangible, or mixed, of such Person, or other assets owned,
leased or operated by such Person.

         "Qualified Investments" means (a) short term obligations of, or fully
guaranteed by, the United States of America, (b) commercial paper rated A-1 or
better by Standard & Poor's Corporation or P-1 or better by Moody's Investors
Service, Inc., (c) demand deposit accounts maintained in the ordinary course of
business, and (d) certificates of deposit issued by commercial banks having
capital and surplus in excess of One Hundred Million Dollars ($100,000,000).

Credit Agreement  Page  9

<PAGE>

         "Rate Hedging Agreement" means an agreement, device or arrangement
providing for payments which are related to fluctuations of interest rates,
exchange rates or forward rates, including, but not limited to,
dollar-denominated or cross-currency interest rate exchange agreements, forward
currency exchange agreements, interest rate cap or collar protection agreements,
forward rate currency or interest rate options, puts and warrants.

         "Rate Hedging Obligations" of a Person means any and all obligations of
such Person, whether absolute or contingent and howsoever and whensoever
created, arising, evidenced or acquired (including all renewals, extensions and
modifications thereof and substitutions therefor), under (a) any and all Rate
Hedging Agreements, and (b) any and all cancellations, buy backs, reversals,
terminations or assignments of any Rate Hedging Agreement.

         "Real Estate" means Borrower's real estate located at 1450 Musicland
Drive, Franklin, Indiana, and as more particularly described in the Mortgage.

         "Sale and Leaseback Transaction" means any sale or other transfer of
any property by any Person with the intent to lease such property as lessee.

         "Security Agreement" means the General Security Agreement, in
substantially the form of Exhibit C hereto, duly executed by Borrower in favor
of Bank to secure the Obligations, including any amendment or modification
thereof.

         "Senior Funded Debt to EBITDA Ratio" means the ratio of (a) interest
bearing Indebtedness, minus to the extent included in interest bearing
Indebtedness, Subordinated Debt, to (b) EBITDA. The Senior Funded Debt to EBITDA
Ratio shall be determined from the Financial Statements.

         "Subordinated Debt" means Indebtedness of Borrower that is subordinated
in writing to the full, final and irrevocable payment of the Obligations, in
form and substance acceptable to Bank.

         "Subsidiaries" means, as to any Person, (a) a corporation of which
shares of stock having ordinary voting power (other than stock having such power
only by reason of the happening of a contingency) to elect a majority of the
Board of Directors or other managers of such corporation are at the time owned,
or the management of which is otherwise controlled, directly or indirectly
through one or more intermediaries, or both, by such Person, and (b) any
partnership, association, joint venture or other entity in which such Person
and/or one or more Subsidiaries of such Person has more than a Fifty Percent
(50%) equity interest.

         "Taxes" shall have the meaning ascribed in Section 2.11 hereof.

         "Term Loan" means the term loan to Borrower in the maximum principal
amount of Three Million Dollars ($3,000,000), governed by this Agreement,
including any renewal or extension thereof.

         "Term Loan Maturity Date" means September 30, 2008.

         "Term Note" means the Term Note, in substantially the form of Exhibit B
hereto, duly executed by Borrower to Bank to evidence the Term Loan, including
any amendment, modification, renewal, extension of replacement thereof.

Credit Agreement  Page  10

<PAGE>

         "Unfunded Capital Expenditures" means capital expenditures not funded
by long term Indebtedness, as shown on the balance sheet furnished to Bank from
time to time pursuant to Section 5.2.1 hereof.

         "Unmatured Default" means any event which with notice, or lapse of
time, or both, would constitute a Default.

Section 1.2 Rules of Construction. The foregoing definitions shall be equally
applicable to both the singular and plural forms of the defined terms. Use of
the terms "herein" "hereof", and "hereunder" shall be deemed references to this
Agreement in its entirety and not to the Section clause in which such term
appears.

Section 1.3 Accounting Terms. All accounting terms not specifically defined
herein shall be construed in accordance with GAAP consistent with those applied
in the preparation of the Financial Statements.

ARTICLE 2.        CREDIT

Section 2.1 Line of Credit Commitment. Subject to the terms and conditions of
this Agreement, Bank shall make Advances under the Line of Credit available to
Borrower in an aggregate maximum principal amount equal to the lesser of: (a)
Five Million Dollars ($5,000,000), or (b) the Borrowing Base. Advances under the
Line of Credit shall be evidenced by the Credit Note.

Section 2.2 Term Loan. Subject to the terms and conditions of this Agreement,
Bank shall make the Term Loan to Borrower in a maximum principal amount of Three
Million Dollars ($3,000,000). The Term Loan shall be evidenced by the Term Note.

Section 2.3       Interest Rate.

2.3.1.   Line of Credit. Prior to maturity or Default, the outstanding principal
         balance of Advances under the Line of Credit shall each bear interest
         at a per annum rate equal to the Prime Rate plus the Applicable Margin,
         except that at the option of Borrower, exercised as provided in Section
         2.8 hereof, interest may accrue prior to maturity on any Permissible
         Increment of outstanding Advances at a per annum rate equal to the
         LIBOR Option. At the expiration of each LIBOR Interest Period on such
         Permissible Increment, unless, in each case, Borrower selects a LIBOR
         Option as provided in Section 2.8 hereof, interest on such Permissible
         Increment shall again accrue at the Prime Rate plus the Applicable
         Margin.

2.3.2.   Term Loan. Prior to maturity or Default, the outstanding principal
         balance of the Term Loan shall each bear interest at a per annum rate
         equal to the Prime Rate plus the Applicable Margin, except that at the
         option of Borrower, exercised as provided in Section 2.8 hereof,
         interest may accrue prior to maturity on any Permissible Increment of
         outstanding principal balance at a per annum rate equal to the LIBOR
         Option. At the expiration of each LIBOR Interest Period on such
         Permissible Increment, unless, in each case, Borrower selects a LIBOR
         Option as provided in Section 2.8 hereof, interest on such Permissible
         Increment shall again accrue at the Prime Rate plus the Applicable
         Margin.

2.3.3.   General. Interest shall be due and payable for the exact number of days
         principal is outstanding and shall be calculated on the basis of a
         three hundred sixty (360)

Credit Agreement  Page  11

<PAGE>

                  day year. Any change in the interest rates occasioned by a
         change in the Prime Rate shall be effective on the same day as the
         change in the Prime Rate. After the maturity of any Facility, whether
         by acceleration or otherwise, and while and so long as there shall
         exist any uncured Default, the Facilities shall bear interest at a per
         annum rate equal to Two Percent (2%) above the otherwise applicable
         rates.

Section 2.4       Payments of Principal and Interest.

2.4.1.   Line of Credit. Interest only on the outstanding Advances from time to
         time shall be due and payable (a) on the last Banking Day of each
         calendar month with respect to each Prime Rate Advance, and (b) on the
         last day of an applicable LIBOR Interest Period with respect to each
         LIBOR Advance. The entire principal balance of Advances under the Line
         of Credit, together with all accrued and unpaid interest thereon, and
         all fees and charges payable in connection therewith, shall be due and
         payable on the Line of Credit Maturity Date.

     2.4.2. Term Loan. Interest on the outstanding principal balance from time
          to time shall be due and payable throughout the term of the Term Loan
          (a) on the last Banking Day of each calendar month with respect to
          each Prime Rate Advance, and (b) on the last day of an applicable
          LIBOR Interest Period with respect to each LIBOR Advance. Commencing
          on December 31, 2003 and continuing on each March 31, June 30,
          September 30, and December 31 thereafter, Borrower shall pay quarterly
          installments of principal in the amount of One Hundred Fifty Thousand
          Dollars ($150,000). A final installment representing the entire unpaid
          principal balance of the Term Loan, together with all accrued and
          unpaid interest thereon and all fees and charges payable in connection
          therewith, shall be due and payable on the earlier of the Term Loan
          Maturity Date or the Line of Credit Maturity Date.

2.4.3.   Method of Payment. All payments of principal and interest hereunder
         shall be made in immediately available funds to Bank at Bank's address
         set forth on the signature page hereof or at any other place specified
         in writing by Bank to Borrower, by Noon (Indianapolis time) on the date
         when due. Borrower authorizes Bank to charge the account of Borrower
         maintained with Bank for each payment of principal, interest and fees
         as it becomes due hereunder.

2.4.4.   Banking Day. If any installment of principal or interest provided
         herein becomes due and payable on a date other than a Banking Day, the
         maturity of the installment of principal or interest shall be extended
         to the next succeeding Banking Day, and interest shall be payable
         during such extension of maturity.

2.4.5.   Mandatory Prepayments and Reductions. In addition to the principal
         payments required pursuant to Section 2.4.2 hereof, and without
         limiting the other provisions of the Loan Documents, Borrower shall
         make the following additional principal payments to be applied as
         mandatory prepayments:

                  (a) Within 120 days after Borrower's receipt of the proceeds
         (net of any tax liability and net of reasonable expenses incurred in
         connection therewith) from the disposition of any assets sold other
         than in the ordinary course of business, Borrower shall make a
         principal payment in respect of the Term Loan (subject to Section
         2.4.5(d)

Credit Agreement  Page  12

<PAGE>

         hereof) in the amount of such proceeds to the extent such proceeds have
not been reinvested into replacement assets.

(b)      Within 120 days after Borrower's receipt of the proceeds (net of any
         tax liability and net of reasonable expenses incurred in connection
         therewith) from any insurance, condemnation award, litigation award or
         settlement or other compensation arising from any loss of or damage to,
         or any condemnation or other taking of, any property of Borrower,
         Borrower shall make a principal payment in respect of the Term Loan
         (subject to Section 2.4.5(d) hereof) in the amount of such proceeds to
         the extent such proceeds have not been used within 120 days to replace
         or repair the subject property lost, damaged or taken.

(c)      Upon Borrower's receipt of the proceeds from the issuance of any debt
         or from any equity offerings (whether private or public) or capital
         calls, Borrower shall make a principal payment in respect of the Term
         Loan (subject to Section 2.4.5(d) hereof) in an amount equal to One
         Hundred Percent (100%) of such proceeds.

(d)      All such mandatory prepayments shall be applied to reduce the
         outstanding balance under the Term Loan. After the Term Loan has been
         paid in full, then the amount of such mandatory prepayment, to the
         extent it exceeds the aggregate amount to be applied to the Term Loan,
         shall be applied to reduce the outstanding Line of Credit Advances and
         such amount such permanently reduce Bank's commitment under the Line of
         Credit. Partial prepayments of the Term Loan pursuant to this Section
         shall be applied against installments of principal in the inverse order
         of their maturity and shall not otherwise affect the next regularly
         scheduled principal payments due thereunder.

Section 2.5       Prepayment.

2.5.1.   Line of Credit. Subject to the provisions of this Agreement, Borrower
         may borrow, pay, reborrow and repay the available principal amount of
         the Line of Credit at any time, and from time to time, in Permissible
         Increments, without premium or penalty; provided, however, LIBOR
         Advances may only be prepaid on the expiration of a LIBOR Interest
         Period therefor.

2.5.2.   Term Loan. Subject to the provisions of this Agreement, Borrower may
         pay and repay the outstanding principal balance of the Term Loan at any
         time, and from time to time, in Permissible Increments, without premium
         or penalty; provided, however, LIBOR Advances may only be prepaid on
         the expiration of a LIBOR Interest Period therefor. Amounts prepaid may
         not be reborrowed. Partial prepayments shall be applied against
         installments of principal in the inverse order of their maturity and
         shall not otherwise affect the next regularly scheduled principal
         payment due thereunder.

Section 2.6       Fees.

2.6.1.   Closing Fee. In consideration of Bank's undertaking to provide the
         Facilities pursuant to this Agreement, Borrower shall pay Bank a
         closing fee equal to Twenty Thousand Dollars ($20,000), due and payable
         on the date hereof. Bank acknowledges receipt of the Ten Thousand
         Dollar ($10,000) structuring fee and the Fifteen Thousand Dollar
         ($15,000) commitment fee paid by Borrower.

2.6.2.   Unused Fee. Borrower shall pay to Bank from and after the date hereof
         until the date on which Bank's commitment under the Line of Credit is
         terminated in

Credit Agreement  Page  13

<PAGE>

          whole, an unused fee equal to the Applicable Fee on the average daily
          unborrowed portion of the Line of Credit. All such unused fees payable
          under this clause shall be payable quarterly in arrears on the last
          Banking Day of each fiscal quarter of Borrower occurring after the
          date hereof.

               2.6.3. Monitoring Fee. Borrower shall pay Bank a monthly
          collateral monitoring fee of Seven Hundred Fifty Dollars ($750), due
          and payable on the last Banking Day of each calendar month, commencing
          on the last Banking Day of September, 2003.

               2.6.4. General. The compensation provided in this Section shall
          be in consideration of the services of Bank in connection with the
          Facilities and shall be in addition to any other fee, charge, payment
          or expense required to be borne by Borrower under the Loan Documents.

     Section 2.7 Use of Proceeds. The proceeds of Advances under the Line of
Credit shall be used to refinance existing Indebtedness of Borrower and for
working capital purposes of Borrower. The proceeds of the Term Loan shall be
used to refinance existing Indebtedness of Borrower.

     Section 2.8 Interest Rate Selection - LIBOR Option. The LIBOR Option may be
elected only in accordance with the following procedures and subject to the
other conditions contained in this Agreement:

          2.8.1. No LIBOR Option may be elected at any time a Default or
     Unmatured Default exists.

          2.8.2. Borrower shall notify the Bank of its election or renewal of a
     LIBOR Option prior to 11:00 a.m. (Indianapolis, Indiana time) not less than
     three (3) Banking Days prior to the commencement of a LIBOR Interest Period
     specifying (i) the election or renewal date, (ii) the amount of the Loan
     (or Loans taken together) elected or renewed which amount shall be in a
     Permissible Increment, and (iii) the duration of the LIBOR Interest Period
     selected to apply thereto.

          2.8.3. An election of a LIBOR Option may be communicated by telephone
     or by telex, facsimile machine or other form of written electronic
     communication, or by a writing delivered to the Bank. Borrower shall
     confirm in writing any election communicated by telephone. The Bank shall
     be entitled to rely on any verbal communication of the election of a LIBOR
     Option which is received by a designated employee of the Bank from anyone
     reasonably believed in good faith by such employee to be authorized.

          2.8.4. Not more than a total of five (5) LIBOR Options may be
     outstanding at any one time.

          Section 2.9 Method of Advance.

          2.9.1. Line of Credit. Borrower shall give Bank telephonic, telex or
     telegraphic notice of its intention to borrow under the Line of Credit by
     not later than 11:00 o'clock a.m. (Indianapolis time) on the proposed
     borrowing date, which shall be a Banking Day. Each request once received by
     Bank shall be irrevocable. Borrower agrees that Bank may rely on any such
     telephonic, telex, or telegraphic notices made by any Person whom

--------------------------------------------------------------------------------
Credit Agreement                       Page  14

<PAGE>

                  Bank in good faith believes to be authorized. If Bank
         requests, each requested Advance based on telephonic notice shall be
         confirmed in writing by Borrower. In the event any notice by such means
         shall conflict with the written confirmation, such notice shall govern
         if Bank has acted in good faith in reliance thereon. Each request shall
         in and of itself constitute a representation and warranty on behalf of
         Borrower that no Default or Unmatured Default has occurred and is
         continuing or would result from the making of the requested Advance and
         that the requested Advance shall not cause the principal balance of the
         Line of Credit to exceed the maximum amount available under the Line of
         Credit from time to time. Other than autoline Advances, the principal
         amount of Advances under the Line of Credit made on any borrowing date
         shall be in Permissible Increments.

2.9.2.   General. All Advances by Bank under the Facilities and payments by
         Borrower on the Facilities shall be recorded by Bank on its books and
         records, and the principal amount outstanding from time to time, plus
         interest payable thereon, shall be determined from the books and
         records of Bank. The books and records of Bank shall be presumed prima
         facie correct as to such matters.

Section 2.10      Taxes.

2.10.1.  General. All payments by Borrower under this Agreement or the Credit
         Note shall be made free and clear of, and without deduction or
         withholding for, any present or future income, stamp or other taxes,
         levies, duties, imposts, charges or fees or any related penalties,
         interest or other liabilities ("Taxes"). If any Taxes are required to
         be deducted or withheld from any amount payable to Bank under this
         Agreement or the Credit Note, Borrower shall pay additional amounts so
         that the amount received by Bank after the deduction of such Taxes
         (including Taxes on such additional amounts) equals the amount that
         Bank would have received if no Taxes had been deducted. Borrower shall
         pay to the appropriate taxing authority all Taxes required to be
         deducted or withheld. Within thirty (30) days after paying any such
         Taxes, Borrower shall deliver to Bank the original or a certified copy
         of the receipt for such payment. Borrower shall not be required to pay
         additional amounts to Bank on account of any Taxes, including, but not
         limited to, income taxes, imposed solely by reason of a present or past
         connection between Bank and the jurisdiction imposing such Taxes
         (except a connection arising solely from the execution, delivery,
         performance, enforcement of or the receipt of payments under this
         Agreement or the Notes).

2.10.2.  Tax Indemnity. Borrower shall indemnify Bank against any Taxes imposed
         on (and any related expenses reasonably incurred by) Bank on account of
         the execution, delivery, performance or enforcement of or the receipt
         of payments under this Agreement or the Credit Note other than Taxes
         imposed solely by reason of the cause specified in the last sentence of
         Section 2.10.1 hereof. Borrower also shall pay and indemnify Bank
         against any stamp or other documentary, excise or property taxes or
         similar levies, imposts, or charges (or any related liability) arising
         from the execution, delivery, registration, performance or enforcement
         of this Agreement or the Notes.

Section 2.11 Yield Protection. If, on or after the date of this Agreement, the
adoption of any law or any governmental or quasi-governmental rule, regulation,
policy, guideline or directive (whether or not having the force of law), or any
change in the interpretation or administration thereof by any governmental or
quasi-governmental authority, central bank or

Credit Agreement  Page  15

<PAGE>

         comparable agency charged with the interpretation or administration
thereof, or compliance Bank with any request or directive (whether or not having
the force of law) of any such authority, central bank or comparable agency:

(a)      subjects Bank to any Taxes, or changes the basis of taxation of
         payments (other than with respect to Taxes imposed only by reason of
         the cause specified in the last sentence of 2.10.1 hereof) to Bank in
         respect of its LIBOR Advances, or

(b)      imposes or increases or deems applicable any reserve, assessment,
         insurance charge, special deposit or similar requirement against assets
         of, deposits with or for the account of, or credit extended by, Bank
         (other than reserves and assessments taken into account in determining
         the interest rate applicable to LIBOR Advances), or

(c)      imposes any other condition the result of which is to increase the cost
         to Bank of making, funding or maintaining its LIBOR Advances or reduces
         any amount receivable by Bank in connection with its LIBOR Advances, or
         requires Bank to make any payment calculated by reference to the amount
         of LIBOR Advances held or interest received by it, by an amount deemed
         material by Bank,

and the result of any of the foregoing is to increase the cost to Bank of making
or maintaining its LIBOR Advances or commitment or to reduce the return received
by Bank in connection with such LIBOR Advances or commitment, then, within
fifteen (15) days of demand by Bank, Borrower shall pay Bank such additional
amount or amounts as will compensate Bank for such increased cost or reduction
in amount received.

Section 2.12 Changes in Capital Adequacy Regulations. If Bank determines the
amount of capital required or expected to be maintained by Bank or any
corporation controlling Bank is increased as a result of a Change, then, within
thirty (30) days of demand by Bank, Borrower shall pay Bank the amount necessary
to compensate for any shortfall in the rate of return on the portion of such
increased capital which Bank determines is attributable to this Agreement, the
Facilities or its commitment to make Advances hereunder (after taking into
account Bank's policies as to capital adequacy). "Change" means (a) any change
after the date of this Agreement in the Risk-Based Capital Guidelines, or (b)
any adoption of or change in any other law, governmental or quasi-governmental
rule, regulation, policy, guideline, interpretation, or directive (whether or
not having the force of law) after the date of this Agreement which affects the
amount of capital required or expected to be maintained by Bank or any
corporation controlling Bank. "Risk-Based Capital Guidelines" means (i) the
risk-based capital guidelines in effect in the United States on the date of this
Agreement, including transition rules, and (ii) the corresponding capital
regulations promulgated by regulatory authorities outside the United States
implementing the July 1988 report of the Basle Committee on Banking Regulation
and Supervisory Practices Entitled "International Convergence of Capital
Measurements and Capital Standards," including transition rules, and any
amendments to such regulations adopted prior to the date of this Agreement.

Section 2.13 Availability of Types of Advances. If Bank determines that
maintenance of its LIBOR Advances at a suitable lending installation would
violate any applicable law, rule, regulation, or directive, whether or not
having the force of law, or if Bank determines that (a) deposits of a type and
maturity appropriate to match fund its LIBOR Advances are not available, or (b)
the interest rate applicable to a type of LIBOR Advance does not accurately
reflect the cost of making or maintaining such LIBOR Advance, then Bank shall
suspend the availability of the

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affected type of LIBOR Advance and require any affected LIBOR Advances to be
repaid or converted to Prime Rate Advances, subject to the payment of any
funding indemnification amounts required by Section 2.14 hereof.

     Section 2.14 Funding Indemnification. If (a) any payment of a LIBOR Advance
occurs on a date which is not the last day of the applicable LIBOR Interest
Period, whether because of acceleration, prepayment or otherwise, (b) a LIBOR
Advance is not made on the date specified by Borrower for any reason other than
default by Bank, or (c) Borrower attempts to revoke (expressly, by later
inconsistent notices or otherwise) in whole or in part any notice stated herein
to be irrevocable (Bank having in its sole discretion the option (i) to give
effect to such attempted revocation and obtain indemnity under this Section, or
(ii) to treat such attempted revocation as having no force or effect, as if
never made), then Borrower will indemnify Bank for any loss or cost incurred by
it resulting therefrom, including, without limitation, any loss or cost in
liquidating or employing deposits acquired to fund or maintain such LIBOR
Advance.

     Section 2.15 Lender Statements; Survival of Indemnity. To the extent
reasonably possible, Bank shall designate an alternate lending installation with
respect to its LIBOR Advances to reduce any liability of Borrower to Bank under
Section 2.10, Section 2.11 and Section 2.12, or to avoid the unavailability of
LIBOR Advances under Section 2.13, so long as such designation is not, in the
judgment of Bank, disadvantageous to Bank. Bank shall deliver a written
statement to Borrower as to the amount due, if any, under Section 2.10, Section
2.11, Section 2.12 and Section 2.14. Such written statement shall set forth in
reasonable detail the calculations upon which Bank determined such amount and
shall be final, conclusive and binding on Borrower in the absence of manifest
error. Determination of amounts payable under such Sections in connection with a
LIBOR Advance shall be calculated as though Bank funded its LIBOR Advance
through the purchase of a deposit of the type and maturity corresponding to the
deposit used as a reference in determining the LIBOR applicable to such LIBOR
Advance, whether in fact that is the case or not as Bank may fund each of its
LIBOR Advances in any manner it sees fit, and the foregoing assumption shall be
utilized only for the calculation of amounts payable under this Section. Unless
otherwise provided herein, the amount specified in the written statement of Bank
shall be payable on demand after receipt by Borrower of such written statement.
The obligations of Borrower under Section 2.10, Section 2.11, Section 2.12 and
Section 2.14 shall survive payment of the Obligations and termination of this
Agreement.

ARTICLE 3. SECURITY AND GUARANTY

          Section 3.1 Security. The Obligations shall be secured and supported
     by the following:

          3.1.1. the Security Agreement constituting a first priority security
     interest in all Accounts, Inventory, Equipment, General Intangibles,
     Chattel Paper, Goods, Deposit Accounts, Instruments, Investment Property,
     Documents, Fixtures and all other personal property of Borrower now owned
     or hereafter acquired and all Proceeds thereof;

          3.1.2. the Mortgage constituting a first mortgage lien upon the Real
     Estate; and

          3.1.3. such other security interests as may be described in the Loan
     Documents.

          Section 3.2 Additional Collateral/Setoff. Borrower hereby grants to
     Bank (and any participant of the Facilities), as additional security for
     the Obligations, a continuing lien upon all monies, securities and other
     property of Borrower now or hereafter held or received by, or in

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transit to, Bank from or for Borrower. Bank (and any such participant of the
Facilities) is authorized at any time and from time to time, without notice to
Borrower, to setoff, appropriate and apply its own debt or liability to
Borrower, or to any other Person liable for the Obligations, in whole or partial
payment of any Obligation in such order or manner as Bank may reasonably
determine, without any requirements of mutual maturity.

ARTICLE 4. REPRESENTATIONS AND WARRANTIES

     Borrower represents, covenants and warrants to Bank as follows:

     Section 4.1 Due Organization. Borrower is a general partnership duly
organized and validly existing under the laws of the State of Indiana.

     Section 4.2 Due Qualification. Borrower is qualified, in good standing and
authorized to do business as a foreign partnership in such other states wherein
the failure to so qualify would have a Material Adverse Effect.

     Section 4.3 Power. Borrower possesses the requisite power to enter into the
Loan Documents to borrow thereunder, to execute and deliver the Loan Documents
and to perform its respective obligations thereunder.

     Section 4.4 Authority. Borrower has taken the necessary partnership action
to authorize the execution and delivery of the Loan Documents, as applicable,
and the borrowings thereunder and the granting of the security interests
therein, and none of the provisions of the Loan Documents violate, breach,
contravene, conflict with, or cause a default under any provision of its
partnership agreement, or any provision of any existing note, bond, mortgage,
debenture, indenture, trust, license, lease, instrument, decree, order,
judgment, or agreement to which Borrower is a party or by which it or its assets
may be bound or affected.

     Section 4.5 Financial Statements. The Financial Statements were prepared in
accordance with GAAP consistent with prior years, unless specifically otherwise
noted thereon, and fairly present the financial condition of Borrower as of the
date thereof and the results of its operations for the period then ended, and no
material adverse change in the financial condition of Borrower has occurred
since the date of the Financial Statements.

     Section 4.6 No Material Adverse Change. The information submitted by
Borrower to Bank discloses all known or anticipated material liabilities, direct
or contingent, of Borrower as of the dates thereof, and, to the best knowledge
of Borrower, since such dates, there has been no material adverse change in
Borrower's financial condition.

Section 4.7 Subsidiaries. Borrower has no Subsidiaries.

     Section 4.8 Binding Obligations. Each of the Loan Documents, when issued
for value, will constitute a legal, valid and binding obligation of Borrower,
enforceable against Borrower in accordance with its terms, except as the same
may be limited by reorganization, bankruptcy, insolvency, moratorium or other
laws affecting generally the enforcement of creditors' rights.

     Section 4.9 Marketable Title. Borrower has good title to all of its
Property shown on the Financial Statements, except such Property as has been
disposed of since the date of the Financial Statements in the ordinary course of
business. Except for Permitted Encumbrances, (a) the assets of Borrower are not
subject to any Lien and the security interests in favor of Bank under the Loan
Documents will constitute first, senior and prior perfected security interests
in the

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<PAGE>

         collateral therein described, and (b) no financing statement or similar
instrument which names Borrower as debtor or relates to any of its Property, has
been filed in any state or other jurisdiction and remains unreleased, and
Borrower has not authorized any financing statement or similar instrument or
signed any security agreement authorizing the secured party thereunder to file
any such financing statement or similar instrument.

Section 4.10 Indebtedness. Except as shown on the Financial Statements and on
Schedule 4.10 hereto, and except for trade debt incurred in the ordinary course
of business since the date of the Financial Statements, Borrower has no
outstanding Indebtedness.

Section 4.11 Default. Borrower has not committed or suffered to exist any
default or any circumstance which with notice, lapse of time, or both, would
constitute a material default under the terms and conditions of any trust,
debenture, indenture, note, bond, instrument, mortgage, lease, agreement, order,
decree, or judgment to which it is a party or by which it or its assets may be
bound or affected.

Section 4.12 Tax Returns. All tax returns or reports of Borrower required by law
have been filed, and all taxes, assessments, contributions, fees and other
governmental charges (other than those presently payable without penalty or
interest and those currently being contested in good faith and against which
adequate reserves have been established) upon Borrower or its assets, properties
or income, which are payable, have been paid.

Section 4.13 Litigation. Except as set forth on any Schedule 4.13 hereto, no
litigation or proceeding of any Governmental Authority or other Person is
presently pending or threatened, nor has any claim been asserted, against
Borrower which, if adversely determined, could have a Material Adverse Effect.

Section 4.14 ERISA. Borrower and each ERISA Affiliate are in compliance in all
material respects with all applicable provisions of ERISA, and neither Borrower
nor any ERISA Affiliate has incurred any liability to the PBGC. Neither a
"reportable event", nor a "prohibited transaction", has occurred under, nor has
there occurred any complete or partial withdrawal from, nor has there occurred
any other event which would constitute grounds for termination of or the
appointment of a trustee to administer any "employee benefit plan" (including
any "multi-employer plan") maintained for employees of Borrower or any ERISA
Affiliate, all within the meanings ascribed by ERISA.

Section 4.15 Full Disclosure. No information, exhibit, memorandum, or report
(excluding estimated future operating results) furnished by Borrower to Bank in
connection with the negotiation of the Facilities contains any material
misstatement of fact, or omits to state any fact necessary to make the
statements contained therein not materially misleading in light of the
circumstances when made, and all estimated future operating results, if
furnished, were prepared on the basis of assumptions, data, information, tests
or other conditions believed to be valid or accurate or to exist at the time
such estimates were prepared and furnished. To Borrower's knowledge, there
presently exists no fact or circumstance relative to Borrower whether or not
disclosed, which is presently anticipated to have a Material Adverse Effect.

Section 4.16 Contracts of Surety. Except for the endorsements of Borrower of
negotiable instruments for deposit or collection in the ordinary course of
business and except for the Amcast Guaranty, Borrower is not a party to any
contract of guaranty or surety.

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<PAGE>

Licenses. Borrower possesses such franchises, licenses, permits, patents,
copyrights, trademarks, and consents of appropriate Governmental Authorities to
own its property and as are necessary to carry on its business, except where the
failure to obtain any of the foregoing, singularly or in aggregate, could not
have a Material Adverse Effect.

Section 4.18 Compliance with Law. Borrower is in compliance with all applicable
requirements of law and of all Governmental Authorities noncompliance with which
could have a Material Adverse Effect.

Section 4.19 Force Majeure. Neither the business nor the properties of Borrower
are presently affected by any fire, explosion, accident, strike, lockout or
other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of
the public enemy or other casualty that could have a Material Adverse Effect.

Section 4.20 Margin Stock. Borrower is not engaged in the business of extending
credit for the purpose of purchasing or carrying margin stock (within the
meaning of Regulation U of the Board of Governors of the Federal Reserve
System), and no part of the proceeds of the Facilities will be used, either
directly or indirectly, for the purpose, whether immediate, incidental or
remote, of purchasing or carrying any margin stock or of extending credit to
others for the purpose of purchasing or carrying any margin stock, and Borrower
shall furnish to Bank, upon its request, a statement in conformity with the
requirements of Federal Reserve Board Form U-1 referred to in Regulation U.
Further, no part of the proceeds of the Facilities will be used for any purpose
that violates, or which is inconsistent with, the provisions of Regulations T, U
or X of the Board of Governors.

Section 4.21 Approvals. No authorization, consent, approval or any form of
exemption of any Governmental Authority is required in connection with the
execution and delivery by Borrower of the Loan Documents, the borrowings and
performance by Borrower thereunder or the issuance of the Notes.

Section 4.22 Insolvency. Borrower is not "insolvent" within the meaning of that
term as defined in the Federal Bankruptcy Code and is able to pay its debts as
they mature.

Section 4.23 Regulation. Borrower is not an "investment company" within the
meaning of the Investment Company Act of 1940, as amended, or a "holding
company" or an "affiliate of a holding company" or a "subsidiary of a holding
company" within the meanings of the Public Utility Holding Company Act of 1935,
as amended.

Section 4.24 Environmental Compliance. After the exercise of all requisite
diligence, Borrower is in substantial compliance with all applicable
Environmental Laws, including, without limitation, all Environmental Laws in
jurisdictions in which Borrower owns or operates, or has owned or operated, a
facility or site, arranges or has arranged for disposal or treatment of
hazardous substances, solid waste or other waste, accepts or has accepted for
transport any hazardous substances, solid waste or other wastes or holds or has
held any interest in real property or otherwise. No litigation or proceeding
arising under, relating to or in connection with any Environmental Law is
pending or, to the knowledge of Borrower, threatened against Borrower, any real
property which Borrower holds or has held an interest, or any past or present
operation of Borrower. To the best of Borrower's knowledge, no release,
threatened release or disposal or hazardous waste, solid waste or other wastes
is occurring, or has occurred, on, under or to any real property in which
Borrower holds any interest or perform any of their operations,

Credit Agreement  Page  20

<PAGE>

in violation of any Environmental Law. As used in this Section, "litigation or
proceeding" means any demand, claim, notice, suit, suit in equity, action,
administrative action, investigation or inquiry whether brought by a
Governmental Authority or other Person.

Section 4.25 Conditions Precedent. Each item furnished to Bank pursuant to
Section 6.1 hereof is a true and correct copy thereof, has not been modified or
amended and is in full force and effect on the date hereof.

Section 4.26 General. All statements contained in any certificate or financial
statement delivered by or on behalf of Borrower to Bank under any Loan Document
shall constitute representations and warranties made by Borrower hereunder.

ARTICLE 5.        COVENANTS

Section 5.1 Negative Covenants. Until the Obligations shall have been fully and
finally paid and performed, and so long as any commitment of Bank is
outstanding, without the prior written consent of Bank, Borrower shall not:

5.1.1.   Dispose of Property. Sell, transfer, lease or otherwise dispose of any
         of its Property, or discount, with or without recourse, any Accounts,
         except for sales from Inventory in the ordinary course of business and
         except as otherwise provided in the Security Agreement.

5.1.2.   Further Encumber. Except for Permitted Encumbrances, create or suffer
         to exist any Lien upon any of its Property, whether now owned or
         hereafter acquired.

5.1.3.   Conduct of Business; Subsidiaries; Acquisitions.

(a)      Engage in any business other than the businesses engaged in by Borrower
         on the date hereof and any business or activities which are
         substantially similar, related or incidental thereto.

(b)      create, acquire or capitalize any Subsidiary after the date hereof; or

(c)      make any Acquisitions.

5.1.4.   Purchase Partnership Interests. Purchase, redeem, retire or otherwise
         acquire any of its outstanding partnership interests.

5.1.5.   Sell and Leaseback. Enter into any Sale and Leaseback Transaction.

5.1.6.   Borrowings. Create, incur, assume or suffer to exist any Indebtedness,
         except (a) trade accounts and normal business accruals payable in the
         ordinary course of business, (b) Indebtedness to Bank, and (c) subject
         to the Amcast Subordination Agreement, the Amcast Guaranty, and (d)
         Indebtedness to Amcast provided it is subordinated in writing to the
         Obligations in form and substance acceptable to Bank.

5.1.7.   Investments. Make any Investment, except (a) advances to trade debtors
         in the ordinary course of business and (b) Qualified Investments.

5.1.8.   Guarantees. Assume, guarantee or otherwise become liable as a guarantor
         or surety for the obligations of any Person, except (a) the
         endorsements by Borrower of negotiable instruments for deposit or
         collection in the ordinary course of

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<PAGE>

business, (b) those in favor of Bank, and (c) subject to the Amcast
Subordination Agreement, the Amcast Guaranty.

     5.1.9. Change Name or Place of Business. Change its name or principal place
of business, except on not less than thirty (30) days prior written notice to
Bank.

     5.1.10. Special Corporate Transactions. Engage in any transaction with any
Person other than in the ordinary course of business.

     5.1.11. Accounting Policies. Change its fiscal year or any of its
significant accounting policies, except to the extent necessary to comply with
GAAP.

     5.1.12. Change of Business. Make any material change in the nature of its
business as carried on as of the date of this Agreement.

     5.1.13. Benefit Plans. Permit any condition to exist in connection with any
employee benefit plan which might constitute grounds for the PBGC to institute
proceedings to have the employee benefit plan terminated or a trustee appointed
to administer the employee benefit plan; or engage in, or permit to exist or
occur any other condition, event or transaction with respect to any employee
benefit plan which could result in Borrower incurring any material liability,
fine or penalty.

     5.1.14. Adversity. Permit within its control any event to occur or
condition to exist which has a Material Adverse Effect.

     5.1.15. Dividends. Declare or pay any dividend or make any distribution on
account of its ownership interests, provided, however, if there exists no
Default, (a) Borrower may make distributions quarterly in an amount not
exceeding the individual state and federal income tax liability of Borrower's
partners (determined at the highest effective income tax rate applicable to any
partner with respect to the current fiscal year) with respect to the taxable
income of Borrower reasonably expected for the current fiscal year, and (b)
Borrower may make distributions annually in an amount not exceeding the
individual state and federal income tax liability of Borrower's partners
(determined at the highest effective income tax rate applicable to any partner
with respect to the immediately preceding fiscal year) with respect to the
taxable income of Borrower for the immediately preceding fiscal year less any
quarterly distributions paid in the immediately preceding fiscal year pursuant
to (a) above.

     5.1.16. Restrictive Agreements. Enter into any agreement (excluding any
restrictions existing under the Loan Documents and excluding the documents
listed on Schedule 5.1.6 hereto) prohibiting (a) the creation or assumption of
any Lien upon any of its Property, (b) the ability of Borrower to amend or
otherwise modify this Agreement or any other Loan Document, or (c) the ability
of any Subsidiary to make any payment, directly or indirectly, to Borrower by
way of advances, repayments of loans or advances or otherwise.

     5.1.17. Transactions with Partners and Affiliates. Directly or indirectly
enter into or permit to exist any transaction (including, without limitation,
the purchase, sale, lease or exchange of any property or the rendering of any
service) with any holder or holders of any of the ownership interests in
Borrower, or with any Affiliate of Borrower, on terms that are less favorable to
Borrower than those that might be obtained in an arm's length transaction at the
time from Persons who are not such a holder or Affiliate.

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Capital  Expenditures. Make any expenditures for fixed asset acquisition,
         including Capitalized Lease Obligations, exceeding (a) One Million One
         Hundred Thousand Dollars ($1,100,000) during the fiscal year ending
         2004, and (b) for the fiscal years ending 2005 and 2006, an amount to
         be agreed upon in writing by Borrower and Bank based generally on
         Borrower's business plan submitted to Bank; provided that no such
         expenditures shall be permitted if there exists a Default or if a
         Default would be occasioned thereby.

Section 5.2 Affirmative Covenants. Until the Obligations shall have been fully
and finally paid and performed, and so long as any commitment of Bank is
outstanding, unless expressly waived in writing by Bank, Borrower shall:

5.2.1.   Financial Reporting. Furnish or caused to be furnished to Bank:

(a)       as soon as practicable, but in any event within one hundred twenty
          (120) days after the end of each fiscal year, consolidated and
          consolidating financial statements of Amcast (clearly identifying the
          financial results of Borrower) certified after audit by independent
          certified public accountants acceptable to Bank, including a balance
          sheet, statement of income and retained earnings and a statement of
          cash flows, with accompanying notes to financial statements, all
          prepared on a consolidated and consolidating basis in accordance with
          GAAP on a basis consistent with prior years unless specifically noted
          thereon, accompanied by the unqualified opinion of such accountants,
          and further accompanied by the certificate of the chief financial
          officer of Borrower that there exists no Default or Unmatured Default
          under the Loan Documents, or if any Default or Unmatured Default
          exists, stating the nature and status thereof;

(b)      as soon as possible, but in any event within forty-five (45) days after
         the end of each fiscal quarter of Amcast, similar consolidated and
         consolidating financial statements of Amcast (clearly identifying the
         financial results of Borrower) reviewed by independent certified public
         accountants acceptable to Bank, all prepared on a consolidated and
         consolidating basis in accordance with GAAP on a basis consistent with
         prior periods unless specifically noted thereon, and accompanied by the
         review report of such accountants;

(c)      as soon as possible, but in any event within forty-five (45) days after
         the end of each calendar month, similar financial statements of
         Borrower as of the end of such calendar month, prepared and signed by
         the chief financial officer of Borrower, all prepared in accordance
         with GAAP on a basis consistent with prior periods, unless specifically
         otherwise noted thereon, and accompanied by the certificate of the
         chief financial officer of Borrower that there exists no Default or
         Unmatured Default under the Loan Documents or if any Default or
         Unmatured Default exists, stating the nature and status thereof;

(d)      as soon as possible, but in any event within five (5) days after
         Borrower becomes aware thereof, a written statement signed by the chief
         executive or chief financial officer of Borrower as to the occurrence
         of any Default or Unmatured Default stating the specific nature
         thereof, Borrower's intended action to cure the same and the time
         period in which such cure is to occur;

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<PAGE>

(e)      as soon as possible, but in any event within thirty (30) days after the
         commencement thereof, a written statement describing any litigation
         instituted by or against Borrower or any Affiliate which, if adversely
         determined, may have a Material Adverse Effect;

(f)      as needed to support outstanding or requested Advances under the Line
         of Credit, and, in any event, within ten (10) days after the end of
         each calendar month, a Borrowing Base Certificate, in the form
         prescribed by Bank, executed by the chief financial officer of
         Borrower, evidencing the Borrowing Base as of the date submitted,
         showing the calculation thereof, the outstanding principal amount of
         the Facilities and such other information as Bank may reasonably
         request;

(g)      as requested by Bank, a certificate setting forth, an accounts
         receivable aging statement, an accounts payable aging statement, an
         inventory perpectual report, and a sales backlog report of Borrower;

(h)      within forty-five (45) days after the end of each fiscal quarter of
         Borrower, a Compliance Certificate, in form and substance acceptable to
         Bank, showing Borrower's compliance with the financial covenants set
         forth in Section 5.3 hereof as of the end of such fiscal quarter;

(i)      as soon as possible, but in any event within ten (10) days after
         Borrower becomes aware thereof, a written statement describing any
         reportable event or prohibited transaction which has occurred with
         respect to any employee benefit plan and the action which Borrower
         proposes to take with respect thereto;

(j)      as soon as practicable, but any event within ten (10) days after
         receipt by Borrower, a copy of any notice, compliant, Lien, inquiry or
         claim (i) to the effect that Borrower is or may be liable to any Person
         as a result of the release by Borrower, or any other Person of any
         Hazardous Substance into the environment, or (ii) alleging any
         violation of any Environmental Law by Borrower, which, in either case,
         could reasonably be expect to have a Material Adverse Effect;

(k)      such other information as Bank may from time to time reasonably
         request.

5.2.2.   Good Standing. Maintain its partnership existence and right to do
         business in the State of Indiana and in such other states wherein
         non-qualification could have a Material Adverse Effect.

5.2.3.   Taxes, Etc. Pay and discharge, all taxes, assessments, judgments,
         orders, and governmental charges or levies imposed upon it or on its
         income or profits or upon its property prior to the date on which
         penalties attach thereto and all lawful claims which, if unpaid, may
         become a Lien or charge upon its Property, provided that Borrower shall
         not be required to pay any tax, assessment, charge, judgment, order,
         levy or claim, if such payment is being contested diligently, in good
         faith, and by appropriate proceedings which will prevent foreclosure or
         levy upon its Property and adequate reserves against such liability
         have been established.

5.2.4.   Maintain Properties. Maintain all Property and assets used by, or
         useful to, it in the ordinary course of its business in good working
         order and condition and suitable for the purpose for which it is
         intended, and from time to time, make any necessary repairs and
         replacements.

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<PAGE>

Insurance. Maintain in full force and effect public liability insurance,
         business interruption insurance, worker's compensation insurance and
         casualty insurance policies with coverages and with such companies as
         are reasonably acceptable to Bank. Each such policy covering Property
         pledged as collateral to Bank shall have a lender's loss payable clause
         in favor of Bank, and a copy of each policy, accompanied by a
         certificate of coverage issued by the insurance carrier, shall be
         delivered to Bank. Each such policy providing liability coverage shall
         name Bank as an additional insured. All such policies shall stipulate
         that the insurance cannot be cancelled or materially modified without
         thirty (30) days' prior written notice to Bank and shall insure Bank
         notwithstanding the act or neglect of Borrower.

5.2.6.    Books and Records. Keep proper books of account in which full, true
          and correct entries will be made of all dealings and transactions of
          and in relation to the business and affairs of Borrower, and, at all
          reasonable times, and as often as Bank may request, permit authorized
          representatives of Bank to (a) have access to the premises and
          Properties of Borrower and to the records relating to the operations
          of Borrower; (b) make copies of or excerpts from such records; (c)
          discuss the affairs, finances and accounts of Borrower with and be
          advised as to the same by the chief executive and financial officers
          of Borrower; and (d) audit and inspect such books, records, accounts,
          memoranda and correspondence at all reasonable times, to make such
          abstracts and copies thereof as Bank may deem necessary, and to
          furnish copies of all such information to any proposed purchaser of or
          participant in the Facilities.

5.2.7.   Reports. File on a timely basis, annual reports, operating records and
         any other reports or filings required to be made with any Governmental
         Authority.

5.2.8.   Licenses. Maintain in full force and effect all operating permits,
         licenses, franchises, and rights used by it in the ordinary course of
         business.

5.2.9.   Notice of Material Adverse Change. To the extent not covered by Section
         5.2.1, give prompt notice in writing to Bank of the occurrence of any
         development, financial or otherwise, including pending or threatened
         litigation which might have a Material Adverse Effect.

5.2.10.  Compliance with Law. Comply with all material laws, ordinances, rules,
         regulations and other legal requirements applicable to it, including,
         without limitation, all Environmental Laws and ERISA.

5.2.11.  Trade Accounts. Pay all trade accounts in accordance with standard
         industry practices.

5.2.12.  Use of Proceeds. Use the proceeds of the Facilities solely for the
         purposes herein described.

5.2.13.  Loan Payments. Duly and punctually pay or cause to be paid principal
         and interest on the Facilities in lawful money of the United States at
         the time and places and in the manner specified herein according to the
         stated terms and the true intent and meaning hereof.

5.2.14.  Environmental Matters. (a) Use, operate and maintain all of its
         Properties in material compliance with all applicable Environmental
         Laws, keep or acquire all necessary permits, approvals, certificates,
         licenses and other authorizations

Credit Agreement  Page  25

<PAGE>

     relating to environmental matters in effect and remain in material
     compliance therewith, and handle all Hazardous Substances in material
     compliance with all applicable Environmental Laws, (b) within ninety (90)
     days after filing thereof, have dismissed with prejudice any actions or
     proceedings against Borrower relating to compliance with Environmental Laws
     which could in the reasonable opinion of Bank have a Material Adverse
     Effect, and (c) diligently pursue cure of any material underlying
     environmental problem which forms the basis of any claim, complaint,
     notice, Lien, inquiry, proceeding or action referred to in Section 5.2.1(j)
     hereof. If Borrower is notified of any event described in Section 5.2.1(j)
     hereof, Borrower shall, upon the request of Bank, establish appropriate
     reserves against such potential liabilities and engage a firm or firms of
     engineers or environmental consultants appropriately qualified to determine
     as quickly as practical the extent of contamination and the potential
     financial liability of Borrower with respect thereto, and Bank shall be
     provided with a copy of any report prepared by such firm or by any
     Governmental Authority as to such matters as soon as any such report
     becomes available to Borrower. The selection of any engineers or
     environmental consultants engaged pursuant to the requirements of this
     Section shall be subject to the approval of Bank, which approval shall not
     be unreasonably withheld or delayed.

          5.2.15. Banking Relationship. Maintain its primary banking accounts
     with Bank, including, without limitation, all demand deposit, lockbox, cash
     collateral and autoline accounts. Borrower will maintain a minimum
     aggregate balance on account with Bank at all times of not less than Fifty
     Thousand Dollars ($50,000).

          5.2.16. Required Rate Hedging Agreements. Within thirty (30) days of
     the date hereof, Borrower will establish and thereafter maintain one or
     more Rate Hedging Agreements through Bank or Bank's Affiliate providing for
     a fixed rate of interest on Indebtedness of Borrower of not less than One
     Million Five Hundred Thousand Dollars ($1,500,000) for a two (2) year
     period.

          5.2.17. Inventory Appraisals. Furnish Bank with acceptable updated
     Inventory appraisals prepared by an independent appraiser acceptable to
     Bank at least every two (2) years to validate the Inventory advance rate
     provided in the Borrowing Base.

          5.2.18. Foreign Credit Insurance. Prior to September 30, 2003, furnish
     Bank with evidence of foreign credit insurance for any account intended to
     qualify as an Insured Eligible Foreign Account, in form and substance
     acceptable to Bank.

     Section 5.3 Financial Covenants. Until the Obligations shall have been
fully and finally paid and performed and so long as any commitment of Bank is
outstanding, unless expressly waived in writing by Bank, Borrower shall:

          5.3.1. Senior Funded Debt to EBITDA Ratio. Maintain its Senior Funded
     Debt to EBITDA Ratio at not greater than 3.25 to 1.0 as of each fiscal
     quarter end.

          5.3.2. Fixed Charge Coverage Ratio. Maintain a Fixed Charge Coverage
     Ratio of not less than 1.60 to 1.00 as of each fiscal quarter end.

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Credit Agreement                       Page  26

<PAGE>

ARTICLE 6.        CONDITIONS PRECEDENT

Section 6.1 Conditions to Initial Advance. The obligation of Bank to make the
initial Advance under the Facilities is subject to satisfaction of each of the
following conditions precedent:

6.1.1.   Authorization. Bank shall have received and approved certified copies
         of Borrower's partnership agreement, as amended, and Bank shall have
         received and approved certified copies of Borrower's corporate general
         partner's articles of incorporation and by-laws, as amended,
         accompanied by a recent certificate of existence or good standing
         issued by the appropriate officials of its place of organization and
         those states in which such corporate general partner owns property or
         maintains an office and a certified copy of resolutions adopted by such
         corporate general partner's Board of Directors authorizing the
         Facilities and specifying the names and capacities of those persons
         authorized to execute and deliver the Loan Documents.

6.1.2.   Insurance. Borrower shall have furnished to Bank evidence of the
         insurance required by this Agreement.

6.1.3.   Loan Documents. Each of the Loan Documents, in the form prescribed by
         Bank, shall have been executed and delivered by Borrower to Bank, and
         the other documents required by this Agreement, in the form prescribed
         by Bank, including the Amcast Subordination Agreement, shall have been
         executed and delivered by the appropriate parties thereto.

6.1.4.   Real Estate Appraisal. Bank shall have received a satisfactory
         appraisal of the Real Estate completed by an independent appraiser
         acceptable to Bank, reflecting a fair market value of not less than
         Five Million Dollars ($5,000,000).

6.1.5.   Survey. Bank shall have received ALTA minimum standard survey of the
         Real Estate with the signature and seal of a registered engineer or
         surveyor affixed showing all easements and other matters affecting the
         Real Estate or apparent thereon, the relation of the Real Estate to
         public thoroughfares for access purposes, the location of all
         improvements and such other matters as Bank may reasonably request.
         Such survey shall further certify that the Real Estate is not located
         within a special flood hazard area as defined by the Flood Disaster
         Protection Act of 1973, shall include the number of a Flood Insurance
         Rate Map on which the Real Estate is shown and the date of such map and
         shall specify the flood hazard zone in which the Real Estate is
         situated.

6.1.6.   Title Insurance. Bank shall have received an ALTA standard mortgagee's
         policy of title insurance issued by a reputable title insurer in an
         amount equal to the appraised value of the Real Estate with respect to
         the Mortgage containing the agreement of the title insurer to insure
         the first priority of Bank's Mortgage, and free of standard policy
         exceptions and containing a 3.0 zoning endorsement, a comprehensive
         endorsement, a last dollar endorsement, a creditor's rights endorsement
         and such other endorsements as Bank may require.

6.1.7.   Environmental. Bank shall have received a satisfactory environmental
         phase I audit of the Real Estate, and Bank shall have received such
         further evidence as it may reasonably require that Borrower's plants
         and operations are in compliance with the

Credit Agreement  Page  27

<PAGE>

         applicable Environmental Protection Agency standards and regulations of
         similar state and local laws, ordinances and regulations.

6.1.8.   Incumbency. Bank shall have received an Incumbency Certificate,
         executed by the Secretary or Assistant Secretary of the corporate
         general partner which shall identify the name and title and bear the
         signature of the officers of the corporate general partner authorized
         to sign the Loan Documents, and Bank shall be entitled to rely upon
         such certificate until informed of any change in writing.

6.1.9.   Legal Matters. All legal matters incident to the Loan Documents and the
         making of Advances shall be reasonably satisfactory to Bank and its
         counsel.

6.1.10.  Borrowing Base, Etc. Satisfactory certificates as to Borrowing Base,
         and such other certificates as Bank may reasonably require, shall have
         been executed by the appropriate officers of Borrower and delivered to
         Bank.

6.1.11.  Opinions of Counsel. Bank shall have received the favorable written
         opinion(s) of counsel to Borrower, dated of even date herewith, as to
         those matters which Bank may reasonably require.

6.1.12.  UCC Searches. Bank shall have received satisfactory return after search
         in accordance with the Uniform Commercial Code in such governmental
         offices as Bank shall have deemed appropriate.

6.1.13.  Fees. Borrower shall have paid the fees now due under Section 2.6
         hereof, and Borrower shall have reimbursed Bank for all reasonable
         legal fees and other reasonable out-of-pocket expenses of Bank in
         connection with the Facilities.

6.1.14.  Regulation U. Bank shall have received such certificates and other
         documents as it shall have deemed reasonably appropriate as to
         compliance with Regulations U, T and X of the Board of Governors of the
         Federal Reserve System.

6.1.15.  No Default. As of the date hereof, and after giving effect to the
         initial funding of the Facilities, there shall not exist a Default or
         Unmatured Default, and Bank shall have received evidence satisfactory
         to Bank that the transactions contemplated by this Agreement do not
         create a default under any agreement to which Borrower is a party.

6.1.16.  Consents. All consents necessary for the secured financing transaction
         contemplated by this Agreement pursuant to the Loan Documents shall
         have been obtained.

6.1.17.  Equipment and Inventory Appraisal. Bank shall have received an
         acceptable appraisal of Borrower's Equipment and Inventory, prepared by
         an independent appraiser acceptable to Bank, reflecting values
         acceptable to Bank.

6.1.18.  Projected Balance Sheet and Income Statement. Bank shall have received
         and approved Borrower's fiscal year 2004 projected balance sheet and
         income statement.

6.1.19.  Availability on Line of Credit. After giving effect to the initial
         funding of the Facilities, Borrower shall have not less than One
         Million Dollars ($1,000,000) of borrowing availability under the Line
         of Credit.

Credit Agreement  Page  28

<PAGE>

          6.1.20. Field Audit/Due Diligence. Bank shall have completed, to its
     satisfaction, a field audit of Borrower's financial and accounting records,
     books, journals, orders and receipts, and Bank shall be satisfied in all
     respects with its due diligence review of Borrower's material contracts,
     including, without limitation, the GM Access and Security Agreement,
     compliance with applicable law, and other matters.

          6.1.21. Additional Documentation. Bank shall have received such other
     documents, instruments, financing statements, waivers, certificates,
     reaffirmations, consents and opinions as it may request.

     Section 6.2 Conditions to Subsequent Advances. Prior to each subsequent
Advance under the Line of Credit:

          6.2.1. No Default. No Default or Unmatured Default shall have occurred
     and be continuing.

          6.2.2. Representations and Warranties. Each representation and
     warranty contained in Section 4 shall be true and correct as of the date of
     such Advance, except to the extent any such representation or warranty
     relates solely to an earlier date and except changes reflecting
     transactions permitted by this Agreement.

          6.2.3. Legal Matters. All legal matters incident to the making of such
     Advance shall be reasonably satisfactory to Bank and its counsel.

          6.2.4. Expenses. Borrower shall have reimbursed Bank for all
     reasonable legal fees and other reasonable expenses incurred by Bank in
     connection with the Facilities in accordance with Section 9.8 hereof.

     Section 6.3 General. Each request for an Advance shall constitute a
representation and warranty by Borrower that the applicable conditions contained
in this Section 6 have been satisfied.

ARTICLE 7. DEFAULT

     The occurrence of any of the following events shall be deemed a Default
hereunder:

          (a) any representation or warranty made by or on behalf of Borrower,
     or any Affiliate to Bank under or in connection with any Loan Document or
     any subordination agreement shall be false in any material respect as of
     the date on which made;

          (b) Borrower fails to make any payment of principal of or interest on
     the Facilities or any fee or other payment Obligation in connection with
     the Facilities when due;

          (c) the breach of any of the covenants contained in Sections 5.2.2,
     5.2.4, 5.2.7, 5.2.8, 5.2.10, 5.2.11, 5.2.14 or 5.2.17 which breach remains
     uncured for a period of thirty (30) days after written notice to Borrower;
     or the breach of any other covenant contained in Article 5 hereof;

          (d) the breach of any other terms or provisions of the Loan Documents
     (other than a breach which constitutes a Default under Section 7.1(a), (b)
     or (c) above) not cured within thirty (30) days after written notice from
     Bank to Borrower specifying such breach;

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Credit Agreement                       Page  29

<PAGE>

     (e)  the failure of Borrower or any general partner of Borrower to pay any
          other Indebtedness having an outstanding principal balance, singly or
          in the aggregate, in excess of One Hundred Fifty Thousand Dollars
          ($150,000) when due or within any applicable grace or cure period, or
          the breach by Borrower or such general partner of any term, provision
          or condition contained in any agreement under which any such
          Indebtedness was created or is governed, which constitutes a default
          thereunder, or any other event shall occur or condition exist, if any
          of the foregoing causes, or permits the holder or holders of such
          Indebtedness to cause, such Indebtedness to become due prior to its
          stated maturity, or any such Indebtedness shall be declared to be due
          and payable or required to be prepaid or repurchased (other than by a
          regularly scheduled payment) prior to the stated maturity thereof;

     (f)  Borrower or any general partner of Borrower shall (i) have an order
          for relief entered with respect to it under the Federal Bankruptcy
          Code, (ii) not pay, or admit in writing its inability to pay, its
          debts generally as they become due, (iii) make an assignment for the
          benefit of creditors, (iv) apply for, seek, consent to, or acquiesce
          in, the appointment of a receiver, custodian, trustee, examiner,
          liquidator or similar official for it or any substantial part of its
          property, (v) institute any proceeding seeking an order for relief
          under the Federal Bankruptcy Code or seeking to adjudicate it a
          bankrupt or insolvent, or seeking dissolution, winding up,
          liquidation, reorganization, arrangement, adjustment or composition of
          it or its debts under any law relating to bankruptcy, insolvency or
          reorganization or relief of debtors or fail to file an answer or other
          pleading denying the material allegations of any such proceeding filed
          against it, or (vi) suspend operations as presently conducted or
          discontinue doing business as an ongoing concern;

(g)      without the application, approval or consent of Borrower or a general
         partner of Borrower, a receiver, trustee, examiner, liquidator or
         similar official shall be appointed for Borrower, or such general
         partner or any substantial part of its Property, or a proceeding
         described in item (f) above shall be instituted against Borrower or a
         general partner of Borrower and such appointment continues undischarged
         or such proceeding continues undismissed or unstayed for a period of
         sixty (60) consecutive days;

(h)      any Governmental Authority shall condemn, seize or otherwise
         appropriate, or take custody or control of all or any substantial
         portion of the Property of Borrower;

(i)      Borrower shall fail within thirty (30) days to pay, bond or otherwise
         discharge any judgment or order for the payment of money which is not
         stayed on appeal or otherwise appropriately contested in good faith, or
         any attachment, levy or garnishment is issued against any Property of
         Borrower;

(j)      if there occurs a Change in Control;

(k)      there occurs a "reportable event" or a "prohibited transaction" under,
         or any complete or partial withdrawal from, or any other event which
         would constitute grounds for termination of or the appointment of a
         trustee to administer, any "plan" maintained by Borrower or any ERISA
         Affiliate for the benefit of its "employees" (as such terms are defined
         in ERISA) which will have a Material Adverse Effect; or

(l)      any Loan Document shall for any reason fail to create a valid and
         perfected first priority security interest in any collateral purported
         to be covered thereby (except as

Credit Agreement  Page  30

<PAGE>

         permitted by the terms of any Loan Document), or any Loan Document
         shall fail to remain in full force or effect or any action shall be
         taken to discontinue or to assert the invalidity or unenforceability
         of, or the security interest created under, any Loan Document.

ARTICLE 8.        REMEDY

Section 8.1 Acceleration. If any Default described in Section 7 item (f) or (g)
occurs, the Facilities and the commitment of Bank to make Advances under the
Facilities shall automatically terminate and the Obligations shall immediately
become due and payable without any election or action on the part of Bank. If
any other Default occurs, Bank may terminate its commitments hereunder and
declare the Obligations to be due and payable, whereupon the Obligations shall
become immediately due and payable, without presentment, demand, protest or
notice of any kind, all of which Borrower hereby expressly waives.

Section 8.2 Remedy. Upon the occurrence of a Default, Bank may immediately
proceed to exercise all remedies available to it under the Loan Documents or
otherwise under applicable law. No right or remedy conferred upon or reserved to
Bank under the Loan Documents is intended to be exclusive of any other available
remedy or right, but each and every remedy shall be cumulative and concurrent
and shall be in addition to every other remedy now or hereafter existing at law
or in equity. No single or partial exercise of any power or right shall preclude
any further or other exercise of any power or right.

Section 8.3 Preservation of Rights. No delay or omission of Bank to exercise any
power or right under the Loan Documents shall impair such power or right or be
construed to be a waiver of any Default or an acquiescence therein, and any
single or partial exercise of any power or right shall not preclude other or
further exercise thereof or the exercise of any other power or right. No Advance
hereunder shall constitute a waiver of any of the conditions of Bank's
obligation to make further Advances, nor, in the event Borrower is unable to
satisfy any such condition, shall a waiver of such condition in any one instance
have the effect of precluding Bank from thereafter declaring such inability to
be a Default hereunder. No course of dealing shall be binding upon Bank.

ARTICLE 9.        GENERAL PROVISIONS

Section 9.1 Benefit of Agreement. Bank will accept the Notes as evidence of
loans made in the ordinary course of its commercial banking business. The terms
and provisions of this Agreement, the Notes and the other Loan Documents shall
be binding upon and inure to the benefit of Borrower and Bank and their
respective successors and assigns of their entire interests, except that
Borrower shall not have the right to assign this Agreement.

Section 9.2 Survival of Representations. All representations, warranties and
agreements of Borrower contained in the Loan Documents shall survive delivery of
the Notes and the making of the Facilities.

Section 9.3 Governmental Regulation. Anything contained in this Agreement to the
contrary notwithstanding, Bank shall not be obligated to extend credit to
Borrower in violation of any limitation or prohibition provided by any
applicable statute or regulation.

Credit Agreement  Page  31

<PAGE>

Conflict. This Agreement and the other Loan Documents shall be interpreted,
wherever possible, in a manner consistent with one another, but in the event of
any irreconcilable inconsistency, this Agreement shall control.

Section 9.5 Choice of Law. The Loan Documents (other than those containing a
contrary express choice of law provision) and the rights and obligations of the
parties thereunder and hereunder shall be governed by, and construed and
interpreted in accordance with the laws of the State of Indiana, notwithstanding
the fact that Indiana conflict of law rules might otherwise require the
substantive rules of law of another jurisdiction to apply. Borrower and Bank
hereby consent to the jurisdiction of any state or federal court located within
Marion County, Indiana. All service of process may be made by messenger,
certified mail, return receipt requested or by registered mail directed to
Borrower at the address indicated aside its signature to this Agreement, and
Borrower otherwise waive personal service of any and all process made upon
Borrower. Borrower and Bank waive any objection which they may have to any
proceeding commenced in a federal or state court located within Marion County,
Indiana, based upon improper venue or forum non conveniens. Nothing contained in
this Section shall affect the right of Bank to serve legal process in any other
manner permitted by law or to bring any action or proceeding against Borrower or
their property in the courts of any other jurisdiction having subject matter
jurisdiction if required to do so by applicable law.

Section 9.6 Headings. Section headings in the Loan Documents are for convenience
of reference only and shall not govern the interpretation of any of the
provisions of the Loan Documents.

Section 9.7 Entire Agreement. The Loan Documents embody the entire agreement and
understanding between Borrower and Bank and supersede all prior agreements and
understandings between Borrower and Bank relating to the subject matter thereof.

Section 9.8 Expenses. Borrower shall reimburse Bank for any and all reasonable
costs, charges and out-of-pocket expenses (including reasonable attorneys' fees
and time charges of attorneys for Bank), paid or incurred by Bank in connection
with the preparation, review, execution, delivery, amendment, modification,
administration, collection and enforcement of the Facilities and/or the Loan
Documents and in connection with the conduct by Bank's internal auditors of
periodic field and servicing audits of Borrower. Bank may pay or deduct from the
loan proceeds any of such expenses, and any proceeds so applied shall be deemed
to be Advances under this Agreement evidenced by the Credit Note and secured by
the Loan Documents, and shall bear interest at the rate of interest provided in
the Credit Note.

Section 9.9 Indemnification. Borrower agrees to indemnify Bank, and its
successors and assigns (including any purchaser of a participation in the
Facilities), and their directors, officers and employees, against all losses,
claims, costs, damages, liabilities and expenses, including, without limitation,
all expenses of litigation or preparation therefor (a "Loss"), which they may
pay or incur in connection with or arising out of the direct or indirect
application of the proceeds of the Facilities hereunder. The indemnity set forth
herein shall be in addition to any other Obligations of Borrower to Bank
hereunder or at common law or otherwise, and shall survive any termination of
this Agreement, the expiration of the obligation of Bank to make the Facilities
and the payment of all Obligations.

Section 9.10 Confidentiality. Bank agrees to treat all information received by
it in connection with the Loan Documents (except such information which is
generally available or

Credit Agreement  Page  32

<PAGE>

has been made available to the public) as confidential, provided, however, that
nothing in this Section 9.10 shall prohibit Bank from, or subject Bank to
liability for, disclosing any such information to any Governmental Authority to
whose jurisdiction Bank is subject, and provided further that Bank may provide
such information to proposed purchasers of or participants in the Facilities
from time to time.

     Section 9.11 Giving Notice. Any notice required or permitted to be given
under this Agreement may be, and shall be deemed effective if made in writing
and delivered to the recipient's address, telex number or facsimile number
addressed to Borrower or Bank at the addresses indicated aside their signatures
to this Agreement by any of the following means: (a) hand delivery, (b) United
States first class mail, postage prepaid, (c) registered or certified mail,
postage prepaid, with return receipt requested, (d) by a reputable rapid
delivery service, or (e) by telegraph or telex when delivered to the appropriate
office for transmission, charges prepaid, with request for assurance of receipt
in a manner typical with respect to communication of that type. Notice made in
accordance with this Section shall be deemed given upon receipt if delivered by
hand or wire transmission, three (3) Banking Days after mailing if mailed by
first class, registered or certified mail, or one (1) Banking Day after deposit
with an overnight courier service if delivered by overnight courier. Borrower
and Bank may each change the address for service of notice upon it by a notice
in writing to the other parties hereto.

     Section 9.12 Counterparts. This Agreement may be executed in any number of
counterparts, all of which taken together shall constitute one agreement, and
any of the parties hereto may execute this Agreement by signing any such
counterpart. This Agreement shall be effective when it has been executed by
Borrower and Bank.

     Section 9.13 Incorporation by Reference. All Exhibits hereto are
incorporated herein by this reference. Each of the other Loan Documents shall be
made subject to all of the terms, covenants, conditions, obligations,
stipulations and agreements contained in this Agreement to the same extent and
effect as if fully set forth therein, and this Agreement is made subject to all
of the terms, covenants, conditions, obligations, stipulations and agreements
contained in the other Loan Documents to the same extent and effect as if fully
set forth therein. The provisions of this Agreement, including, without
limitation, provisions relating to maintenance of insurance, are in addition to,
and not a limitation upon, the requirements of any other Loan Document or any
subordination agreement.

     Section 9.14 Time of Essence. Time is of the essence under the Loan
Documents.

     Section 9.15 No Joint Venture. Notwithstanding anything to the contrary
herein contained or implied, Bank, by this Agreement, or by any action pursuant
hereto, shall not be deemed to be a partner of, or a joint venturer with,
Borrower, and Borrower hereby indemnifies and agrees to defend and hold Bank
harmless, including the payment of reasonable attorneys' fees, from any Loss
resulting from any judicial construction of the parties' relationship as such.

     Section 9.16 Relationship of Parties; Release of Consequential Damages. The
relationship between Borrower and Bank shall be solely that of borrower and
lender. Bank shall not have any fiduciary responsibilities to Borrower. Bank
undertakes no responsibility to Borrower to review or inform Borrower of any
matter in connection with any phase of Borrower's business or operations. Bank
shall not have any liability with respect to, and Borrower hereby waives,
releases and agrees not to sue for, any special or consequential

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Credit Agreement                     Page  33

<PAGE>

damages suffered by it in connection with, arising out of, or in any way related
to the Loan Documents or the transactions contemplated thereby.

Section 9.17 Severability. In the event any provision of this Agreement or any
of the Loan Documents shall be held invalid or unenforceable by any court of
competent jurisdiction, such holding shall not affect the validity,
enforceability or legality of the remaining provisions hereof or thereof, all of
which shall continue unaffected and unimpaired thereby.

Section 9.18 Gender. As used herein, the masculine gender shall be deemed to
include the feminine and the neuter and the singular number shall also include
the plural.

Section 9.19 Waiver and Amendment. Borrower and Bank may enter into agreements
supplemental hereto for the purpose of adding or modifying provisions of this
Agreement or changing the respective rights, powers, privileges, duties,
liabilities, covenants or obligations of Bank or Borrower or waiving any Default
hereunder, provided, however, that no such agreements supplemental shall be
binding unless in writing and duly signed by the parties hereto, and then only
to the extent specifically set forth therein.

Section 9.20 Bank Not in Control. None of the covenants or other provisions
contained in the Loan Documents shall, or shall be deemed to, give Bank the
right or power to exercise control over the affairs and/or management of
Borrower, the power of Bank being limited to the right to exercise the remedies
provided in the Loan Documents, provided, however, that if Bank becomes the
owner of any stock or other equity interest in any Person, whether through
foreclosure or otherwise, Bank shall be entitled (subject to requirements of
law) to exercise such legal rights as it may have by virtue of being the owner
of such stock or other equity interest in such Person.

Section 9.21 Conflict. This Agreement and the other Loan Documents shall be
interpreted, wherever possible, in a manner consistent with one another, but in
the event of any irreconcilable inconsistency, this Agreement shall control.

SECTION 9.22 WAIVER OF JURY TRIAL. BANK AND BORROWER, AFTER CONSULTING OR HAVING
HAD THE OPPORTUNITY TO CONSULT WITH COUNSEL, KNOWINGLY, VOLUNTARILY,
INTENTIONALLY, UNCONDITIONALLY AND IRREVOCABLY WAIVE ANY RIGHT EITHER OF THEM
MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED UPON OR ARISING OUT OF THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY
THIS AGREEMENT OR ANY COURSE OF CONDUCT, DEALING, STATEMENTS (WHETHER ORAL OR
WRITTEN), OR ACTIONS OF EITHER OF THEM. NEITHER BANK NOR BORROWER SHALL SEEK TO
CONSOLIDATE, BY COUNTERCLAIM OR OTHERWISE, ANY ACTION IN WHICH A JURY TRIAL HAS
BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT
BEEN WAIVED. THESE PROVISIONS SHALL NOT BE DEEMED TO HAVE BEEN MODIFIED IN ANY
RESPECT OR RELINQUISHED BY EITHER BANK OR BORROWER EXCEPT BY A WRITTEN
INSTRUMENT EXECUTED BY BOTH OF THEM.

                      [THIS SPACE INTENTIONALLY LEFT BLANK]

Credit Agreement  Page  34

<PAGE>

         IN WITNESS WHEREOF, Borrower and Bank have caused this Agreement to be
executed by their respective officers duly authorized as of the date first above
written.

                                        "BORROWER"

                                        CASTING TECHNOLOGY COMPANY, an

                                        Indiana general partnership

                                        By AMCAST CASTING TECHNOLOGIES, INC.,

                                        its general partner
                                        By:_________________________________
                                              Name:
                                              Title:

                                        By IZUMI, INC.,

                                        its general partner
                                        By:_________________________________
                                              Name:
                                              Title:

Address:

==============
--------------

                                        "BANK"

                                        THE PROVIDENT BANK

                                        By:____________________________________

                                        Printed:_______________________________

                                        Title:_________________________________

Address:

The Guaranty Building, Suite 400
20 N. Meridian St.
Indianapolis, Indiana  46204
Attention:  Stephanie Guisinger
Facsimile:  317-822-9800

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Credit Agreement                         Page  35

<PAGE>

                                   SCHEDULE 1

                             PERMITTED ENCUMBRANCES

                               Liens in favor of Bank One, NA to be satisfied
with the initial Advance.

<PAGE>

                                  SCHEDULE 4.10

                               OTHER INDEBTEDNESS

                                        Obligations in the amount of $5,436,406
owed to Amcast.

<PAGE>

                                  SCHEDULE 4.13

                    MATERIAL PENDING OR THREATENED LITIGATION

Minerva Aluminum Company, Inc. v. Amcast Industrial Corporation

Case No. 02CVH23210, Carroll County Ohio Common Pleas Court

Minerva Aluminum, a supplier to Amcast, Borrower and other subsidiaries of
Amcast, brought a legal action against Amcast to collect approximately $175,000
which Minerva alleged it was owed for aluminum (of which approximately $60,000
was for aluminum ordered by Amcast for the Company). Amcast counterclaimed for
approximately $600,000, alleging that Minerva breached its obligations to
Amcast, and also that Minerva provided defective materials (including
approximately $60,000 of materials delivered to the Company). These actions were
stayed when Minerva entered state court receivership proceedings. The Company
currently anticipates that the receivership will terminate in the near future
(at which time the stay on this litigation will be lifted), and that Minerva's
secured creditor will have a claim to all of Minerva's assets. The Company is
unable to predict whether the proceeding by Minerva against Borrower will
continue following the lifting of the stay.

<PAGE>

                                 SCHEDULE 5.1.16

                             RESTRICTIVE AGREEMENTS

The Amcast Security Agreement and the Amcast LIFO Security Agreement.<PAGE>
                                                                    Exhibit 4.16

                           GENERAL SECURITY AGREEMENT

         THIS GENERAL SECURITY AGREEMENT ("Security Agreement") is made as of
the 15th day of September, 2003, by CASTING TECHNOLOGY COMPANY, an Indiana
general partnership, having its chief executive offices at 1450 Musicland Drive,
Franklin, Indiana 46131 (Taxpayer I.D. No. ____________) (the "Borrower"), in
favor of THE PROVIDENT BANK, having a notice address of One East Fourth Street,
Cincinnati, Ohio 45202 (the "Bank").

SECTION 1.  DEFINITIONS.

         1.1  Defined Terms. As used herein:

         "Accounts", "Inventory", "Equipment", "Fixtures", "General
Intangibles", "Chattel Paper", "Documents", "Goods", "Deposit Accounts",
"Instruments", "Investment Property" and "Proceeds" shall mean all of Borrower's
such property within the meanings ascribed in the Indiana Uniform Commercial
Code, as in effect from time to time.

         "Account Debtor" shall have the meaning ascribed in the Indiana Uniform
Commercial Code, as in effect from time to time.

         "Collateral" shall mean all of the Borrower's property or rights in
which a security interest is granted hereunder.

         "Collateral Account" shall mean the Deposit Account more fully
described in Section 4.5.

         "Control" shall have the meaning ascribed in the Indiana Uniform
Commercial Code, as in effect from time to time.

         "Credit Agreement" shall mean the Credit Agreement executed between the
Borrower and the Bank dated as of even date herewith and as amended from time to
time.

         "Intellectual Property" shall mean all intellectual property of the
Borrower, including, without limitation, (a) all patents, patent applications,
patent disclosures and inventions (whether or not patentable and whether or not
reduced to practice); (b) all trademarks, service marks, trade dress, trade
names, and corporate names and all the goodwill and quality control standards
associated therewith; (c) all registered and unregistered statutory and common
law copyrights; (d) all registrations, applications and renewals for any of the
foregoing; (e) all trade secrets, confidential information, ideas, formulae,
compositions, know-how, manufacturing and production processes and techniques,
research and development information, drawings, specifications, designs, plans,
improvements, proposals, technical and computer data, financial, business and
marketing plans, and customer and supplier lists and related information; (f)
all other proprietary rights (including, without limitation, all computer
software and documentation and all license agreements and sublicense agreements
to and from third parties relating to any of the foregoing); (g) all copies and
tangible embodiments of the foregoing in whatever form or medium; (h) all
damages and payments for past, present and future infringements of the

<PAGE>

foregoing; (i) all royalties and income due with respect to the
foregoing; and (j) the right to sue and recover for past, present and future
infringements of the foregoing.

         "Liabilities" shall mean (a) all Obligations including all future
advances; (b) all other time to time obligations of the Borrower to the Bank of
every type and description, direct or indirect, absolute or contingent, due or
to become due, now existing or hereafter arising, and whether or not
contemplated by the Borrower or the Bank as of the date of this Security
Agreement, including, without limitation, any modification, extension, or
addition to or of the Obligations or the Credit Agreement and any overlying
advances, out of formula advances and overdrafts made or permitted in connection
with the Obligations or other Liabilities; and (c) any duty of the Borrower to
act or to refrain from acting in connection with any Liability.

         "Obligations" shall have the meaning ascribed in the Credit Agreement.

         "Schedule of Accounts" shall have the meaning ascribed in Section 4.3.

         "Stock Rights" means any securities, dividends or other distributions
and any other right or property which the Borrower shall receive or shall become
entitled to receive for any reason whatsoever with respect to, in substitution
for or in exchange for any securities or other ownership interests in a
corporation, partnership, joint venture or limited liability company
constituting Collateral and any securities, any right to receive securities and
any right to receive earnings, in which the Borrower now has or hereafter
acquires any right, issued by an issuer of such securities.

         1.2 Incorporation of Credit Agreement Definitions. Other capitalized
terms used herein and not specifically herein defined shall have the meanings
ascribed to them in the Credit Agreement.

         1.3 Terms Defined in the Indiana Uniform Commercial Code. Terms defined
in the Indiana Uniform Commercial Code which are not otherwise defined in this
Security Agreement are used herein as defined in the Indiana Uniform Commercial
Code, as in effect from time to time.

SECTION 2.  SECURITY INTEREST IN COLLATERAL.

         As security for the payment and performance of the Liabilities, the
Bank shall have, and the Borrower does hereby grant to the Bank, a continuing
security interest in the following Collateral:

         (a) All Accounts, Deposit Accounts, General Intangibles, Documents,
Instruments, Investment Property, Chattel Paper and any other similar rights of
the Borrower however created or evidenced, whether now existing or hereafter
owned, acquired, created, used, or arising, specifically including, without
limitation, claims, leases, agreements, license agreements, licensing fees,
royalties, policies, credit insurance, guaranties, letters of credit, advices of
credit, binders or certificates of insurance, deposits, documents of title,
securities, security interests, licenses, goodwill, tax refunds (federal, state
or local), customer lists, franchises, franchise rights, drawings, designs,
marketing rights, computer programs, artwork, databases and other like business
property rights, all applications to acquire such rights, for which application
may at any time be made by the Borrower, together with any and all books and
records pertaining thereto and any right, title or interest in any Inventory
which gave rise to an Account, and all Intellectual Property throughout the
world;

General Security Agreement Page 2

<PAGE>

         (b) All Inventory, whether now existing or hereafter acquired and
wherever located, specifically including, without limitation, all merchandise,
personal property, raw materials, work in process, finished Goods, materials and
supplies of every nature usable or useful in connection with the manufacturing,
packing, shipping, advertising, selling, leasing or furnishing of any of such
Inventory and all materials of the Borrower used or consumed or to be used or
consumed in the Borrower's business, together with any and all books and records
pertaining thereto;

         (c) All Equipment, Fixtures, Goods and all other tangible personal
property of the Borrower of every kind or nature, whether now owned or hereafter
acquired, wherever located, specifically including, without limitation, all
machinery, trucks, boats, barges, on and off the road vehicles, forklifts,
tools, dies, jigs, presses, appliances, implements, improvements, accessories,
attachments, parts, components, partitions, systems, carpeting, draperies and
apparatus;

         (d) All products and Proceeds of each of the foregoing, specifically
including, without limitation, (i) any and all Proceeds of any insurance,
indemnity, warranty or guaranty payable to the Borrower from time to time, (ii)
any and all payments of any form whatsoever made or due and payable to the
Borrower from time to time in connection with any requisition, confiscation,
condemnation, seizure or forfeiture of all or any part of the foregoing by any
Governmental Authority or any Person acting under color of Governmental
Authority, (iii) to the extent of the value of Collateral, claims arising out of
the loss, nonconformity, or interference with the use of, defects or
infringement of rights in, or damage to, the Collateral, (iv) any Stock Rights,
and (v) any and all other amounts from time to time paid or payable under or in
connection with any of the foregoing, whether or not in lieu thereof;

         (e) All renewals, extensions, replacements, modifications, additions,
improvements, accretions, accessions, betterments, substitutions, replacements,
annexations, tools, accessories, parts and the like now in, attached to or which
may hereafter at any time be placed in or added to any Collateral, whether or
not of like kind; and

         (f) All rights, remedies, claims and demands under or in connection
with each of the foregoing.

SECTION 3.  REPRESENTATIONS AND WARRANTIES.

         To induce the Bank to enter into the Credit Agreement and to make each
and every loan and other financial accommodation thereunder, the Borrower
represents and warrants to the Bank that, except as may otherwise be provided in
the Credit Agreement:

         3.1 Names of Borrower. The exact corporate name of the Borrower and its
state of organization are each correctly stated in the preamble to this Security
Agreement. Set forth on Schedule 1 hereto is a true, accurate and complete list
of all previous legal names of the Borrower and all past and present assumed (or
fictitious) names and tradenames of the Borrower for the past six (6) years.

         3.2 Prior Combinations. Except as set forth on Schedule 1 hereto, the
Borrower has not ever been conducted as a proprietorship, no entity has merged
into the Borrower or has been consolidated with the Borrower, and no entity has
sold substantially all of its assets to the Borrower or sold assets to the
Borrower outside the ordinary course of such entity's business.

General Security Agreement Page 3

<PAGE>

         3.3 Chief Executive Office, etc. The Borrower's chief executive office
and taxpayer identification number are set forth in the preamble to this
Security Agreement. Subject to Section 4.1 hereof, Borrower maintains all of its
records with respect to its Accounts at such address. Borrower has not at any
time within the past four (4) months maintained its chief executive office or
its records with respect to Accounts at any other location.

         3.4 Title to Collateral. Except for Intellectual Property, which is
separately addressed in Section 3.6 below, all Collateral is lawfully owned by
the Borrower, free and clear of any prior security interest, pledge, sale,
assignment, transfer or other encumbrance other than Permitted Encumbrances; the
Borrower has the unencumbered right to pledge, sell, assign or transfer the
Collateral subject to the Permitted Encumbrances and to subject the Collateral
to the security interest in favor of the Bank herein; except in respect of
Permitted Encumbrances, no financing statement covering all or any portion of
the Collateral is on file in any public office other than in favor of the Bank;
and the security interest herein constitutes a legal and valid, first priority
security interest in the Collateral.

         3.5 Representations Regarding Accounts. Except for Permitted
Encumbrances, each Account (a) is a valid Account representing an undisputed,
bona fide right to payment from the Account Debtor named therein for Goods sold
or leased, Intellectual Property licensed, or for services rendered, whether or
not such right to payment has been earned by performance; (b) is free and clear
of any agreement wherein the Account Debtor may claim a deduction or discount;
and (c) is free and clear of all set-offs or counterclaims.

         3.6 Representations Regarding Intellectual Property. Schedule 2 hereto
contains a complete and accurate list as of the date hereof of all patented and
registered Intellectual Property owned by the Borrower and of all pending
applications for the registration of other Intellectual Property owned or filed
by the Borrower. Schedule 2 also contains a complete and accurate list of all
licenses and other rights granted by the Borrower to any third party with
respect to the Intellectual Property and licenses and other rights granted by
any third party to the Borrower. Except for Permitted Encumbrances and except as
may be set forth in Schedule 2 (a) the Borrower owns and possesses all right,
title and interest in and to, or has a valid and enforceable license to use, all
of the Intellectual Property necessary for the operation of the Borrower's
business as presently conducted or proposed to be conducted; (b) no claim by any
third party contesting the validity, enforceability, use or ownership of any
Intellectual Property has been made, is currently outstanding or, to the
Borrower's knowledge, is threatened, and, to the Borrower's knowledge, there are
no grounds for any such claim; (c) the Borrower has not received any notice of,
nor is the Borrower aware of any facts which indicate the likelihood of, any
material infringement or misappropriation by, or conflict with, any third party
with respect to any Intellectual Property, nor has the Borrower received any
claim of infringement or misappropriation of, or other conflict with, any
intellectual property rights of any third party; (d) the Borrower has not
materially infringed, misappropriated or otherwise conflicted with any
intellectual property rights of any third party, nor is Borrower aware of any
material infringement, misappropriation or conflict which will occur as a result
of the continued operation of the business of the Borrower as presently
conducted or proposed to be conducted; (e) the Borrower has made or will timely
make all necessary filings and recordations (except user filings) and has paid
or will pay all required fees and taxes to record and maintain its ownership in
its Intellectual Property throughout the world to the extent necessary to
conduct Borrower's business as currently being conducted or proposed to be
conducted; and (f) no consents are

General Security Agreement Page 4

<PAGE>

required on any licenses listed on Schedule 2 hereto, except as set forth on
Schedule 2, to the grant of the security interests to, and the exercise of the
rights and remedies of, the Bank.

         3.7 Representations Regarding Contracts and Leases. All leases of real
or personal property and all contracts to which the Borrower is a party are in
full force and effect. To the best of Borrower's knowledge, no Person is
challenging or disputing the validity or enforceability of any such leases or
contracts, and the Borrower is not in material default under any such leases or
contracts.

         3.8 Representations Regarding Equipment and Inventory. Schedule 3 is a
true and correct list of all locations where Equipment and Inventory of the
Borrower is located (except Inventory in transit) and all locations where
Equipment and Inventory of the Borrower has been located in the four (4) months
immediately preceding the date of this Agreement. Borrower has not purchased any
Inventory in a transaction subject to the bulk transfer laws of any state or
otherwise outside the ordinary course of the Inventory seller's business.

         3.9 Representations Regarding Investment Property. The Borrower is the
direct and beneficial owner of each type of Investment Property listed on
Schedule 4 hereto as being owned by it, free and clear of any liens,
encumbrances or security interests except for the security interest granted to
the Bank. The Borrower further represents and warrants that (i) all such
Investment Property which are shares of stock in a corporation or ownership
interests in a partnership or limited liability company have been (to the extent
such concepts are relevant with respect to such Investment Property) duly and
validly issued, are fully paid and non-assessable, (ii) this pledge of such
Investment Property will not violate the proscriptions or require the consent,
license, filing, report, permit, exemption, regulation or approval, of any
Governmental Authority or other Person or violate any provision of law, (iii)
such ownership of pledged Investment Property represent One Hundred Percent
(100%) of the issued and outstanding ownership of the Borrower's Subsidiaries,
(iv) such Investment Property has not been materially altered and all signatures
thereon are genuine, (v) there exists no default by an issuer under any of such
Investment Property with respect thereto, (vi) no insolvency proceedings have
been instituted with respect to the issuer of such Investment Property (vii) the
Borrower has executed no instrument of any kind assigning any of such Investment
Property or the liability of any issuer thereon, or with respect thereto, which
remains in effect, (viii) none of the issuers of such Investment Property have
any obligation, commitment, subscription, option, warrant or other rights
outstanding entitling the holder thereof to purchase or otherwise acquire any
capital stock of such issuer, and (ix) with respect to any certificates
delivered to the Bank representing an ownership interest in a partnership or
limited liability company, either such certificates are Securities as defined in
Article 8 or 8.1 (as applicable) of the Uniform Commercial Code of the
applicable jurisdiction as a result of actions by the issuer or otherwise, or,
if such certificates are not Securities, the Borrower has so informed the Bank
so that the Bank may take steps to perfect its security interest therein as a
General Intangible.

SECTION 4.  AGREEMENTS CONCERNING ACCOUNTS

         4.1 Location. The Borrower will give the Bank written notice of each
office of the Borrower at which records of the Borrower relative to Accounts are
kept. Except where such notice is given, all records of the Borrower relative to
Accounts are and will be kept at the chief executive office of the Borrower.

General Security Agreement Page 5

<PAGE>

         4.2 Returns and Repossessions. Prior to the occurrence of a Default or
Unmatured Default, the Borrower may grant, in the ordinary course of business,
to any Account Debtor, any rebate, refund or adjustment to which such Account
Debtor may be lawfully entitled and may accept, in connection therewith, the
return of Goods, the sale or lease of which shall have given rise to the
obligation of the Account Debtor, subject, however, to the Bank's security
interest therein and in any Proceeds arising from the disposition thereof. After
the occurrence of a Default or an Unmatured Default, no discount, credit or
allowance shall be granted by the Borrower to any Account Debtor, and no return
of Goods shall be accepted by the Borrower without the Bank's prior written
consent.

         4.3 Schedule of Accounts. From time to time as the Bank may require,
the Borrower will, from time to time, deliver to the Bank a schedule identifying
each Account ("Schedule of Accounts"), together with such schedules and
certificates and reports relative to all or any of the Collateral and the items
or amounts received by the Borrower in full or partial payment or otherwise, as
Proceeds of any of the Collateral. Each Schedule of Accounts or other schedule,
certificate or report shall be executed by its duly authorized officer and shall
be in the form reasonably specified by the Bank. Any Schedule of Accounts
identifying any Account shall be accompanied, (a) by a true and correct copy of
the invoice evidencing such Account, (b) by evidence of shipment, delivery or
performance, (c) by such other schedules and information as the Bank may
reasonably request, and (d) if such request shall be made after the occurrence
of a Default or an Unmatured Default, by a duly executed assignment of such
Account from the Borrower to the Bank; provided, however, that the Borrower's
failure to execute and deliver any such Schedule of Account and/or assignment
shall not affect or limit the Bank's security interest or other rights in and to
Accounts, and provided, further, that a proper assignment of any Account wherein
the United States Government is the Account Debtor may be requested by the Bank
at any time whether or not there shall have occurred a Default or Unmatured
Default.

         4.4 Verification of Accounts. The Bank, its officers, agents,
attorneys, and accountants, may verify Accounts and returned and repossessed
Goods and, under reasonable procedures, directly with the Account Debtor or by
other methods, and the Borrower shall furnish to the Bank upon request
additional Schedules of Accounts, together with all notes or other papers
evidencing the same and any guaranty, securities or other information relating
thereto, and shall do, make and deliver all such additional and further acts,
things, deeds, assurances and instruments as the Bank may reasonably require.
The Bank shall have no obligation to disclose or discuss with Borrower the names
or identities of any Account Debtors from whom the Bank obtains or requests
information as to Accounts. Borrower agrees to cooperate with the Bank in the
confirmation and verification of any Accounts, or reconciling any discrepancy
between those amounts verified by the Bank and information provided to the Bank
by Borrower.

         4.5 Collateral Account. So long as the Bank does not request that the
Account Debtors on the Collateral be notified of the assignment thereof to Bank
or that all collections be directed to a lock box at Bank, Borrower may make
collections on the Collateral. The Borrower (a) will deposit all checks, drafts,
cash remittances and other Proceeds in payment of Accounts in a special
collateral account ("Collateral Account") maintained with the Bank and
thereafter keep segregated any such checks, drafts, cash remittances or other
Proceeds in trust for the benefit of the Bank until deposited in the Collateral
Account with the Bank; (b) will, upon the written request of the Bank at any
time, note the security interest of the Bank on all records relative to

General Security Agreement Page 6

<PAGE>

the Collateral including, without limitation, any invoice which evidences an
Account; (c) will, upon the written request of the Bank at any time there exists
a Default, give notice of the Bank's security interest to Account Debtor and
other obligors to the Borrower; (d) agrees that all checks and other Instruments
received by the Bank as Proceeds of Accounts while there exists a Default will
be credited upon receipt to the Liabilities in such order as the Bank may
determine, subject to final payment; and (e) will, whenever the Borrower obtains
possession (by return, repossession or otherwise) of any Goods while there
exists a Default, the sale or lease of which shall have given rise to any of the
Collateral, upon the Bank's written request, segregate, label and hold such
Goods as subject to the security interest of the Bank hereunder, and will, at
its own expense, dispose of such Goods in such manner as the Bank may from time
to time direct. The Bank alone shall have sole power of withdrawal from the
Collateral Account. On a daily basis, the Bank will apply all or part of the
collected balance of the Collateral Account against the Obligations, the amount,
order and method of such application to be in the sole discretion of the Bank.
In no event shall the Bank be obligated to apply any funds deposited in the
Collateral Account before the second business day after the day of deposit. Any
part of the collected balance in the Collateral Account which the Bank elects
not to apply to the Obligations may be paid over and deposited by the Bank to
Borrower's commercial account. The crediting of items in the Collateral Account
to the reduction of the Obligations shall be conditioned upon final payment of
the item and if any item is not so paid, the amount of any credit given for it
may be charged to the Obligations or to any other deposit account of Borrower,
whether or not the item is returned.

         4.6 Notification of Assignment. At any time there exists a Default, the
Bank may notify any Account Debtor of its security interest in the Accounts and
to require payment to be made directly to the Bank. At any time there exists a
Default, the Bank may enforce the collection of any Accounts by suit or
otherwise and surrender, release or exchange all or any part thereof, or
compromise or extend or renew for a period (whether or not longer than the
original period) any indebtedness thereunder or evidenced thereby. Such notice
may require the Account Debtor or other obligor to pay the Account or other
obligation directly to the Bank. Any Proceeds shall be deposited in the form
received except for the endorsement of the Borrower where required, which
endorsement the Bank is authorized to make on the Borrower's behalf and shall be
held by the Bank as security for all Liabilities.

         4.7 Accounts Owed by the Federal Government. If any Account shall arise
out of a contract with the United States of America, or any department, agency,
subdivision, or instrumentality thereof, the Borrower shall promptly notify the
Bank thereof in writing and shall take all other action reasonably requested by
the Bank to protect the Bank's security interest in such Account under the
provisions of the federal Assignment of Claims Act, as amended.

         4.8 Assignment of Security Interests. If, at any time the Borrower
shall take and perfect a security interest in any property of an Account Debtor
or any other Person to secure payment or performance of an Account, the Borrower
shall promptly assign such security interest to the Bank.

General Security Agreement Page 7

<PAGE>

SECTION 5.  AGREEMENTS CONCERNING CERTAIN COLLATERAL.

         5.1 Maintenance of Intellectual Property. Unless otherwise agreed in
writing by the Bank, Borrower shall have the duty to do any and all acts which
are necessary to preserve and maintain all material rights in the Intellectual
Property. Borrower will give proper statutory notice in connection with the use
of its Intellectual Property. Borrower has used, and will continue to use for
the duration of this Agreement, consistent standards of quality in its
manufacture or creation of products sold under its trademarks. The Borrower
shall not abandon any of the Intellectual Property nor permit the expiration of
any material Intellectual Property registrations, except where occasioned by
non-use, without the written consent of the Bank, which consent shall not be
unreasonably withheld or delayed. Borrower shall do any and all acts reasonably
required by the Bank to ensure Borrower's compliance with this Section 5.1. Any
reasonable expenses incurred in connection with the Intellectual Property shall
be borne by Borrower.

         5.2 After-Acquired Intellectual Property. If the Borrower obtains
rights to any new Intellectual Property, the provisions of this Security
Agreement shall automatically apply thereto. With respect to any new
applications for Intellectual Property, the issuance of any new registration for
Intellectual Property, and renewals or extensions of any of the foregoing, the
Borrower shall give the Bank prompt written notice thereof in writing.

         5.3 Opposition Proceedings. Unless and until there shall have occurred
and be continuing a Default, Borrower shall retain the legal and equitable title
to the Intellectual Property and shall have the right to bring any opposition
proceedings, cancellation proceedings or lawsuit in its own name to enforce,
protect and use the Intellectual Property in the ordinary course of its
business, but shall not be permitted, except with the prior written consent of
the Bank, which consent shall not be unreasonably withheld or delayed, to sell,
assign, transfer or otherwise encumber the Intellectual Property, other than
licensings or other dispositions in the ordinary course of business or to
resolve litigation or disputed claims brought or made by unrelated parties.

         5.4 Verification of Intellectual Property. The Bank, its officers,
agents, attorneys and accountants, may verify the Intellectual Property and all
licenses and other agreements with respect thereto, under reasonable procedures,
directly with licensees or by other methods, and the Borrower shall furnish to
the Bank upon request schedules of Intellectual Property and licenses, together
with other information relating thereto, and shall do, make and deliver all such
additional and further acts, things, deeds, assurances and instruments as the
Bank may reasonably require with respect to the Intellectual Property,
including, without limitation, the licenses. The Borrower shall promptly notify
the Bank, if it knows that any material application or registration relating to
Intellectual Property may become abandoned or dedicated to the public, or of any
material adverse determination or development (including any claim) regarding
the Intellectual Property or any material license with respect thereto, or
regarding its right to register, keep and maintain the same, or if it knows that
a material item of Intellectual Property is materially infringed or
misappropriated by a third party, and, in any such event, unless (a) the Bank,
or (b) the members of the Borrower in the exercise of its reasonable business
judgment after having considered the advice of reputable intellectual property
counsel shall have determined that litigation is inappropriate or unadvisable,
promptly sue for infringement or misappropriation.

General Security Agreement Page 8

<PAGE>

         5.5 Supplemental Documentation. Concurrently with the execution of this
Security Agreement, and from time to time hereafter upon reasonable request of
the Bank, the Borrower shall execute and deliver to the Bank supplemental
security agreements relating to any or all registered patents, trademarks,
tradenames, copyrights and applications for any of the foregoing, in a form
reasonably satisfactory to the Bank and suitable for recording in the records of
the registering Governmental Authority.

         5.6 Contracts and Leases. The Borrower shall perform, when due, each of
its obligation under all contracts, leases and other agreements (including,
without limitation, all license agreements) to which the Borrower is a party,
and, immediately upon learning of any material default by any party under any
such contract, lease or other agreement, the Borrower shall give written notice
thereof to the Bank, together with a description as to the nature and status
thereof. After the occurrence of any Default or Unmatured Default, the Borrower
shall not amend, modify, supplement or otherwise agree to any change in any
contract, lease or other agreement or waive any provision thereof, without the
prior written consent of the Bank.

         5.7 Deposit Accounts. The Borrower will (i) upon the Bank's request,
cause each bank or other financial institution in which it maintains (a) a
Deposit Account to enter into a control agreement with the Bank, in form and
substance reasonably satisfactory to the Bank in order to give the Bank Control
of the Deposit Account or (b) other deposits (general or special, time or
demand, provisional or final) to be notified of the security interest granted to
the Bank hereunder and cause each such bank or other financial institution to
acknowledge such notification in writing, and (ii) upon the Bank's request after
the occurrence and during the continuance of a Default, deliver to each such
bank or other financial institution a letter, in form and substance reasonably
acceptable to the Bank, transferring ownership of the Deposit Account to the
Bank or transferring dominion and control over each such other deposit to the
Bank until such time as no Default exists.

         5.8 Letter-of-Credit Rights. The Borrower will, upon the Bank's
reasonable request, cause each issuer of a letter of credit to consent to the
assignment of proceeds of the letter of credit in order to give the Bank Control
of the letter-of-credit rights to such letter of credit.

         5.9 Uncertificated Securities. The Borrower will permit the Bank from
time to time to cause the appropriate issuers (and, if held with a securities
intermediary, such securities intermediary) of uncertificated securities which
are Collateral to mark their books and records with the numbers and face amounts
of all such uncertificated securities and all rollovers and replacements
therefor to reflect the Lien of the Bank granted pursuant to this Security
Agreement. The Borrower will take any actions necessary to cause the issuers of
uncertificated securities which are Collateral and which are Securities to cause
the Bank to have and retain Control over such Securities.

         5.10     Stock and Other Ownership Interests.

                  5.10.1. Changes in Capital Structure of Issuers. The Borrower
         will not (i) permit or suffer any issuer of privately held corporate
         securities or other ownership interests in a corporation, partnership,
         joint venture or limited liability company constituting Collateral
         controlled by the Borrower to dissolve, liquidate, retire any of its
         capital stock or other Instruments or Securities evidencing ownership,
         reduce its capital or merge or consolidate with any other entity, or
         (ii) vote any of the Instruments or Securities in favor of any of the
         foregoing.

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                  5.10.2. Issuance of Additional Securities. The Borrower will
         not permit or suffer the issuer of privately held corporate securities
         or other ownership interests in a corporation, partnership, joint
         venture or limited liability company constituting Collateral controlled
         by the Borrower to issue any such securities or other ownership
         interests, any right to receive the same or any right to receive
         earnings, except to the Borrower.

                  5.10.3. Registration of Pledged Securities. After and during
         the continuance of a Default, the Borrower will permit any registerable
         Collateral to be registered in the name of the Bank or its nominee at
         any time at the option of the Bank.

                  5.10.4. Exercise of Rights in Pledged Securities. The Borrower
         will permit the Bank or its nominee at any time after the occurrence of
         a Default, without notice, to exercise all voting and corporate rights
         relating to the Collateral, including, without limitation, exchange,
         subscription or any other rights, privileges, or options pertaining to
         any corporate securities or other ownership interests in or of a
         corporation, partnership, joint venture or limited liability company
         constituting Collateral and the Stock Rights as if it were the absolute
         owner thereof.

         5.11. Commercial Tort Claims. If Borrower shall at any time hold or
acquire a commercial tort claim (as defined in the Indiana Uniform Commercial
Code, as amended from time to time), immediately notify the Bank in a writing
signed by Borrower of the brief details thereof and grant to the Bank in such
writing a security interest therein and in the Proceeds thereof, all upon the
terms of this Agreement, with such writing to be in form and substance
satisfactory to the Bank.

SECTION 6.  AGREEMENTS CONCERNING INVENTORY.

         6.1 Locations. Borrower will give the Bank written notice of each
location at which Inventory is or will be kept at all times. Except where such
notice is given and except for Inventory sold in the ordinary course of
business, all Inventory is and shall be kept at the locations set forth on
Schedule 3 hereto.

         6.2 Sales of Inventory. The Borrower may, in the ordinary course of
business, at its own expense, sell, lease or furnish under contracts of sale or
service, any of the Inventory normally held by the Borrower for such purpose (a
sale in the ordinary course of business does not include a transfer in total or
partial satisfaction of a debt), and use and consume, in the ordinary course of
business, any raw materials, work-in-process or materials normally held by it
for such purpose.

         6.3 Condition of Inventory; Books and Records. Borrower shall keep all
Inventory in good order and condition and shall maintain full, accurate and
complete books and records with respect to Inventory at all times.

         6.4 Warehousemen and Landlords. Borrower shall not store any material
portion of its Inventory with any bailee, warehouseman, or similar party without
the Bank's prior written consent, which consent shall not be unreasonably
withheld or delayed. If Inventory is so stored, Borrower will, concurrently with
storing such Inventory, cause such bailee, warehouseman, or similar party to
issue and deliver to the Bank, in a form acceptable to the Bank, warehouse
receipts in the Bank's name evidencing the storage of the Inventory. The
Borrower shall provide the Bank with copies of all agreements between the
Borrower and any bailee, warehouseman, or

General Security Agreement Page 10

<PAGE>

similar party and shall deliver to the Bank a landlord's or warehouseman's lien
waiver in a form reasonably acceptable to the Bank, prior to entering into any
material lease for warehouse storage or business facilities.

         6.5 Consigned Inventory. If at any time any of the Inventory is placed
by the Borrower on consignment with any consignee, Borrower shall, prior to
delivery of such consigned Inventory, (a) provide Bank with all consignment
agreements and other instruments and documentation to be used in connection with
such consignment (all of which shall be in a form reasonably acceptable to the
Bank); (b) prepare, execute and file appropriate financing statements with
respect to any consigned Inventory showing the consignee as debtor, the Borrower
as secured party, and the Bank as assignee of the secured party; (c) prepare,
execute and file appropriate financing statements with respect to any consigned
Inventory showing the Borrower, as debtor, and the Bank, as secured party; (d)
conduct a search of all UCC filings made against the consignee and all
jurisdictions in which Inventory to be consigned is to be located while on
consignment, and furnish copies of such results to the Bank; and (e) notify in
writing all creditors of the consignee that are or may be holders of security
interests in the Inventory to be consigned that the Borrower expects to deliver
certain Inventory to the consignee.

         6.6 Compliance with Law. Borrower shall substantially comply in all
material respects with all federal, state and local laws, regulations, rulings
and orders applicable to the Borrower for its assets or business in all
respects. Without limiting the generality of the foregoing, Borrower shall
comply with all requirements of the federal Fair Labor Standards Act, as
amended, in the conduct of its business and the production of Inventory.
Borrower shall notify the Bank immediately of any violation by Borrower of the
Fair Labor Standards Act, and the absence of such notice shall constitute
Borrower's continuing representation that all Inventory then existing has been
produced in compliance with the Fair Labor Standards Act.

SECTION 7.  AGREEMENTS CONCERNING EQUIPMENT AND FIXTURES.

         7.1 Locations. Borrower will give the Bank written notice of each
location at which Equipment is or will be kept at all times, except where such
notice is given, the Equipment will be kept at locations set forth on Schedule 3
hereto. Schedule 3 sets forth all locations at which Equipment and Fixtures of
the Borrower are located and the name and owner of record of the real estate at
each location if the Borrower is not the owner of record.

         7.2 Condition. The Borrower will keep the Equipment in good order and
repair, ordinary wear and tear excepted, and will not waste or destroy the
Equipment or any portion thereof, except in the case of obsolete Equipment which
is no longer used or useful in Borrower's business.

         7.3 Titled Equipment. If Borrower now or hereafter has any vehicles,
aircraft, watercraft, or other Equipment for which a certificate of title has
been issued by a Governmental Authority, the Borrower shall immediately deliver
to the Bank, properly endorsed, each certificate of title or application for
title or other evidence of ownership for each such item of Equipment, and the
Borrower shall take all actions necessary to have the Bank's security interest
properly recorded on each such certificate of title and shall take all other
steps necessary to perfect the Bank's security interest in such Equipment.

General Security Agreement Page 11

<PAGE>

         7.4 Compliance with Laws. The Borrower will not use the Equipment in
violation of any statute, rule, regulation or ordinance or any policy of
insurance thereon. Borrower will neither use the Equipment nor permit the
Equipment to be used, for any unlawful purpose or contrary to any statute, law,
ordinance or regulation relating to the registration, use, operation or control
of the Equipment.

         7.5 Transfers of Equipment. Borrower may from time to time substitute
Equipment, provided that (a) the substituted Equipment is not subject to any
lien or other encumbrance and has a fair market value at least equal to the fair
market of the Equipment for which it is substituted; (b) the marketability and
operating integrity of Borrower's Equipment after such substitution is not
impaired; (c) the Equipment substituted for is no longer used or useful in the
operation of Borrower's business and is sold in arm's length transaction in
exchange for money or monies' worth at least equal to the fair market value of
such Equipment substituted for; and (d) no Default or Unmatured Default has
occurred and is continuing.

         7.6 Fixtures. The Borrower shall not permit any item of Equipment to
become a Fixture to real estate or an accession to any other property not
subject to the Bank's security interest herein without the prior written consent
of the Bank. If any Equipment is or will be attached to real estate in such a
manner as to become a fixture, such real estate is encumbered, the Borrower will
obtain from the holder of such real estate encumbrance a written consent and
subordination to the security interest hereby granted, or a written disclaimer
of any interest in such Collateral, in a form reasonably acceptable to the Bank.

SECTION 8.  GENERAL PROVISIONS CONCERNING COLLATERAL.

         8.1 Title to After-Acquired Collateral. All Collateral acquired after
the date hereof will be acquired by the Borrower free of any lien, security
interest or encumbrance, except Permitted Encumbrances.

         8.2 Further Assurances. The Borrower agrees to do such reasonable acts
and things and deliver or cause to be delivered such other documents as the Bank
may reasonably deem necessary to establish and maintain a valid security
interest in the Collateral (free of all other liens and claims except Permitted
Encumbrances) to secure the payment and performance of the Liabilities and to
defend title to the Collateral against any Person claiming any interest therein
adverse to the Bank. The Borrower authorizes the Bank, at the expense of the
Borrower, to execute and file a financing statement or statements on its behalf
in those public offices deemed advisable or necessary by the Bank to protect the
security interests of the Bank herein granted. If permitted by law, the Borrower
agrees that a carbon, photographic or other reproduction of this Security
Agreement or of a financing statement may be filed as a financing statement.

         8.3      Insurance.

                  (a) The Borrower shall have and maintain at all times, with
         respect to Inventory and Equipment, insurance written by companies
         reasonably acceptable to the Bank covering risks customarily insured
         against by companies engaged in business similar to that of the
         Borrower in reasonable amounts, containing such terms, in such form,
         and for such periods customarily maintained by companies engaged in
         business similar to that of the Borrower. Such insurance shall be
         payable to the Borrower and the Bank as their interests may appear.

General Security Agreement Page 12

<PAGE>

                  (b) In addition to the insurance requirements set forth in
         Section 8.3(a), the Borrower will carry any other insurance and amounts
         for periods as may be reasonably required by the Bank, and will deliver
         to the Bank, not less than five (5) days prior to the expiration of any
         such policy of insurance, renewals or new policies in like amounts
         covering the same risks.

                  (c) All such insurance policies shall carry standard,
         non-contributory lender's loss payable clauses and breach of warranty
         endorsements, in favor of the Bank. The insurance certificates
         evidencing the Borrower's compliance with the above shall be deposited
         with the Bank, and in the event the Borrower fails to file and maintain
         such insurance, the Bank may, at its option, purchase such insurance
         and the cost of such insurance shall become a Liability secured by
         these presents and all sums expended shall bear interest at the highest
         Default rate of interest set forth in the Credit Agreement until paid.
         If requested by the Bank, the Borrower shall deliver certified copies
         of such policies to the Bank. The Borrower shall pay all insurance
         premiums promptly when due and shall provide substitute policies of
         insurance should the Bank at any time reject, for reasonable cause, any
         such policies of insurance furnished by the Borrower. The Borrower
         hereby assigns to the Bank the proceeds of all such insurance,
         including, without limitation, any premium refunds, to the extent of
         the Liabilities, shall direct the insurer to make payment of any losses
         or refunds directly to the Bank, and appoints the Bank its
         attorney-in-fact to endorse any draft, check or other form of payment
         made by such insurer.

         8.4 Collection of Collateral. The Borrower will, at its own expense,
endeavor to collect, as and when due, all amounts due with respect to any
Collateral including the taking of such action with respect to such collection
as the Bank may reasonably request or, in the absence of such request, as the
Borrower may deem advisable.

         8.5 Bank May Defend Title. In the event the Borrower fails to pay any
taxes, assessments, premiums, or fees, or fails to discharge any liens or claims
against the Collateral required to be paid or discharged by the Borrower, or
fails to purchase, maintain and file with the Bank any insurance required by
this Security Agreement, or if any such insurance is inappropriate to the
situation, in the Bank's reasonable discretion, the Bank may, without demand or
notice, pay any such taxes, assessments, premiums or fees, or pay, acquire,
satisfy or discharge any liens or claims asserted against the Collateral
(without any obligation to determine the validity thereof), or purchase any such
insurance. All sums so expended by the Bank shall become a Liability secured by
these presents and shall bear interest at the highest Default rate of interest
set forth in the Credit Agreement until paid.

         8.6 Negotiable Collateral. If any Collateral, including Proceeds,
consists of a letter of credit, advice of credit, Instrument, money,
certificates of deposit, negotiable Documents, chattel paper or similar
property, the Borrower shall, immediately upon receipt thereof, endorse and
assign such Collateral, and deliver actual physical possession thereof, to the
Bank, and prior to such delivery, shall hold such property in trust for the
Bank. Schedule 5 hereto is a true and correct list of all such negotiable
Collateral owned by the Borrower. The Borrower will give the Bank written notice
each time it acquires such additional negotiable Collateral.

         8.7 Contracts. The Borrower shall remain liable to perform its
obligations under any contracts included in the Collateral to the extent as
though this Security Agreement had not been

General Security Agreement Page 13

<PAGE>

entered into, and the Bank shall not have any obligation under any such
contracts by reason of this Agreement.

         8.8 Accounting System. Borrower shall maintain a standard and modern
system of accounting in accordance with GAAP which contain information
pertaining to the Collateral that may from time to time be requested by the
Bank.

         8.9 Inspection of Collateral and Records. During Borrower's usual
business hours with prior reasonable notice, the Bank may inspect and examine
the Collateral and check and test the same as to quality, quantity, value, and
condition. The Bank shall also have the right at any time or times hereafter,
during Borrower's usual business hours or during the usual business hours of any
third party having control over the records of the Borrower with prior
reasonable notice, to inspect Borrower's books and records in order to verify
the amount or condition of, or any other matter relating to, the Collateral and
Borrower's financial condition and to copy and make extracts from such books and
records. Borrower waives the right to assert a confidential relationship, if
any, it may have with any accounting firm in connection with any information
requested by the Bank pursuant to this Security Agreement and agrees that the
Bank may directly contact any such accounting firm in order to obtain such
information.

         8.10 Transfer of Collateral. Borrower shall not sell, lease, license,
transfer or otherwise dispose of any interest in any Collateral except (a) sales
of Inventory in the ordinary course of business pursuant to Section 6.2, (b)
licensings and other dispositions of Intellectual Property in the ordinary
course of business pursuant to Section 5.3, and (c) dispositions of Equipment in
accordance with Section 7.5.

SECTION 9.  REMEDY.

         9.1 Remedies Generally; Power of Sale. Upon the occurrence of any
Default and at any time thereafter, the Bank shall have all rights and remedies
available at law or in equity including, without limitation, the rights and
remedies of a secured party under the Indiana Uniform Commercial Code, as in
effect from time to time (regardless of whether the Code has been enacted in the
jurisdiction where rights or remedies are asserted), including, without
limitation, the right to take possession of the Collateral, and for that purpose
the Bank may, so far as the Borrower can give authority therefor, enter upon any
premises on which the Collateral may be situated and remove the same therefrom.
The Bank shall give to the Borrower at least ten (10) days' prior written notice
of the time and place of any public sale of Collateral or of the time after
which any private sale or any other intended disposition is to be made. The Bank
may in its discretion transfer any securities or other property constituting
Collateral into its own name or that of its nominee and receive the income
thereon and hold the same as security for Liabilities or apply it on principal
or interest due on Liabilities. In the event that the Bank takes possession of
any Intellectual Property, the goodwill associated with any trademarks,
tradenames, trade dress, and service marks of the Borrower shall be transferred
to the Bank.

         9.2 Deposits. Any and all Deposit Accounts, deposits or other sums at
any time credited by or due from the Bank to the Borrower shall at all times
constitute security for any and all Liabilities, and the Bank may apply or set
off such deposits or other sums against Liabilities at any time in Default
whether or not the Liabilities are then due or other Collateral is considered by
the Bank to be adequate.

General Security Agreement Page 14

<PAGE>

         9.3 Waiver and Amendment. Except as otherwise expressly set forth
herein, to the extent permitted by law, the Borrower waives demand, notice,
protest, notice of acceptance of this Security Agreement, notice of loans made,
credit extended, Collateral received or delivered or other action taken in
reliance hereon and all other demands and notices of any description. With
respect to both Liabilities and Collateral, the Borrower assents to any
extension or postponement of the time of payment or any other indulgence, to any
substitution, exchange, or release of Collateral, to the addition or release of
any party or person primarily or secondarily liable, to the acceptance of
partial payments thereon and the settlement, compromise or adjustment of any
thereof, all in such manner and at such time or times as the Bank may deem
advisable. Except as otherwise provided by law, the Bank shall have no duty as
to the collection or protection of the Collateral, or any income therefrom, nor
as to the preservation of rights against prior parties nor as the preservation
of any rights pertaining thereto beyond the safe custody thereof. The Bank may
exercise its rights with respect to Collateral without resorting or regard to
other Collateral or sources of reimbursement for any Liability. The Bank shall
not be deemed to have waived any of these rights upon or under Liabilities or
Collateral unless such waiver be in writing and signed by the Bank. No delay or
omission on the part of the Bank in exercising any right shall operate as a
waiver of such right or any other right. A waiver on any one occasion shall not
be construed as a bar to the exercise of any right on any future occasion. All
rights and remedies of the Bank as to the Liabilities or Collateral whether
evidenced hereby or by any other instrument or papers shall be cumulative and
may be exercised singly, successively or together. The Bank may, from time to
time, without notice to the Borrower (a) retain or obtain a security interest in
any property of any other Person, in addition to the Collateral, to secure any
of the Liabilities; (b) retain or obtain the primary or secondary liability of
any party or parties, in addition to the Borrower with respect to any of the
Liabilities; (c) extend or renew for any period (whether or not longer than the
original period) or release or compromise any liability of any party or parties
primarily or secondarily liable to the Bank under the Credit Agreement; (d)
release its security interest in any of the property securing any of the
Liabilities and permit any substitution or exchange for any such property; and
(e) resort to the Collateral for the payment of any of the Liabilities whether
or not it shall have resorted to any other property or shall have proceeded
against any party primarily or secondarily liable for any of the Liabilities.
The Bank shall not, under any circumstances, or in any event whatsoever, have
any liability for any error or omission or delay of any kind occurring in the
liquidation of any Collateral, including the settlement, collection of any
Account or for any damage resulting therefrom except liability resulting from
any act or omission by the Bank which constitutes willful misconduct. This
Security Agreement may be amended only by a writing duly signed by the Bank and
the Borrower.

         9.4 Expenses; Proceeds of Collateral. The Borrower shall pay to the
Bank on demand any and all reasonable out-of-pocket expenses, including
reasonable attorneys' fees, incurred or paid by the Bank in protecting the
Collateral or the existence, perfection or priority of the Bank's security
interest therein. After deducting all of such expenses, the residue of any
Proceeds of collection or sale of the Collateral shall be applied to the payment
of principal or interest on Liabilities in such order of preference as the Bank
may determine, proper allowance for interest on Liabilities not then due being
made, and any excess shall be returned to the Borrower.

         9.5 Power of Attorney. The Borrower hereby irrevocably appoints the
Bank and the Bank's designees from time to time its true and lawful
attorneys-in-fact, with full power of

General Security Agreement Page 15

<PAGE>

substitution in the premises (a) upon the occurrence of a Default, to demand,
collect, receipt for, settle, compromise, adjust, sue for, foreclose or realize
upon the Collateral in such manner as the Bank may determine, whether or not the
Collateral is then due; (b) to receive, open, and dispose of mail addressed to
the Borrower and take therefrom any payments on or proceeds of Accounts; (c) to
endorse notes, checks, drafts, money orders, Documents or other evidences of
payment, shipment or storage or any form of Collateral on behalf of and in the
name of the Borrower; (d) to sign and send on behalf of the Borrower any invoice
or bill of lading relating to any Account, on drafts against customers, on
schedules and assignments of Accounts, on notices of assignment, financing
statements and other public records, on verifications of Accounts and on notices
to customers; (e) to sign the Borrower's name to the proofs of claim against any
Account Debtor on behalf of the Borrower; (f) to notify the post office
authorities to change the address for delivery of the Borrower's mail to an
address designated by the Bank; (g) upon the occurrence of a Default, to endorse
Borrower's name on all applications, documents, papers, certificates and
instruments necessary or expedient for the Bank to use the Intellectual
Property, or necessary or expedient to grant or issue any exclusive or
nonexclusive license under the Intellectual Property to anyone else, or
necessary or expedient for the Bank to assign, pledge, convey or otherwise
transfer title in, or dispose of, the Intellectual Property to anyone else, for
the purpose of recording, registering, filing or accomplishing any other formula
with respect to the Intellectual Property; and (h) to do all things necessary to
carry out this Security Agreement. The Borrower hereby ratifies and approves all
acts of such attorneys. Neither the Bank nor any attorney will be liable for any
acts or omissions nor for any error of judgment or mistake of fact or law,
absent gross negligence, bad faith or willful misconduct. This power, being
coupled with an interest, is irrevocable until the Liabilities have been fully
satisfied. Notwithstanding anything herein to the contrary, no attorney acting
pursuant to this Section 9.5 shall have any authority to confess judgment on
behalf of the Borrower.

         9.6 License. Borrower hereby grants to the Bank a license to use,
without charge, Borrower's Intellectual Property and other Collateral in
completing production of, advertising for sale, or selling any Collateral after
any Default, and all of the Borrower's rights under all licenses and franchise
agreements shall, in such event, inure to the Bank's benefit. In addition, the
Borrower shall, upon request by the Bank, make available such personnel in
Borrower's employ on the date of any Default as the Bank may reasonably
designate to permit the Bank to continue, directly or indirectly, to produce,
advertise and sell the Collateral sold by the Borrower under any Intellectual
Property or license. The license herein shall include the right of the Bank to
use, assign, license or sublicense any of the Borrower's Intellectual Property,
including in such license reasonable access as to all media in which any of the
licensed items may be recorded or stored; provided that the Bank shall comply
with all pre-existing quality control standards and trademark use requirements
of the Borrower. No agreements hereafter entered into by the Borrower shall
prohibit, restrict or impair the rights of the Bank granted hereunder.

         9.7 Reinstatement. If, at any time after payment in full by the
Borrower of all Liabilities and termination of the Bank's security interest, any
payments on the Liabilities previously made by the Borrower or any other Person
must be disgorged by the Bank for any reason whatsoever, including, without
limitation, the insolvency, bankruptcy or reorganization of the Borrower or such
Person, this Security Agreement and the Bank's security interests herein shall
be reinstated as to all disgorged payments as though such payments had not been
made, and the Borrower shall sign and deliver to the Bank all documents, and
shall do such other acts and things, as may be necessary to re-perfect the
Bank's security interest.

General Security Agreement Page 16

<PAGE>

         9.8 No Marshaling. The Borrower, on its own behalf and on behalf of its
successors and assigns, hereby expressly waives all rights, if any, to require a
marshaling of assets by the Bank or to require the Bank's first resort to some
or any portion of the Collateral before foreclosing upon, selling or otherwise
realizing on any other portion thereof.

SECTION 10.  MISCELLANEOUS PROVISIONS.

         10.1 Priority. Unless otherwise expressly provided, the security
interest hereby created shall be pro rata on par with any prior security
interests in the Collateral now or hereafter existing in favor of the Bank.

         10.2 Governing Law. This Security Agreement and all rights and
obligations hereunder, including matters of construction, validity and
performance, shall be governed by the Uniform Commercial Code and other
applicable laws of the State of Indiana, without regard to conflict of law
principles.

         10.3 Severability. Whenever possible each provision of this Security
Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law, but if any provision of this Security Agreement shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective only to the extent of such prohibition without invalidating the
remainder of such provision or the remaining provisions of this Security
Agreement. The Borrower recognizes that the Bank has relied on this Security
Agreement in extending credit to the Borrower and agrees that such reliance by
the Bank shall be sufficient consideration for this Security Agreement.

         10.4 Binding on Successors. The rights and privileges of the Bank shall
inure to the benefit of its respective successors and assigns.

         10.5     Chattel Mortgage.  This Security Agreement shall also
constitute a chattel mortgage and an assignment of rents.

         10.6     WAIVER OF JURY TRIAL. BANK AND BORROWER, AFTER CONSULTING OR
HAVING HAD THE OPPORTUNITY TO CONSULT WITH COUNSEL, KNOWINGLY, VOLUNTARILY,
INTENTIONALLY, IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT EITHER OF THEM
MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED UPON OR ARISING OUT OF THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY
THIS AGREEMENT OR ANY COURSE OF CONDUCT, DEALING, STATEMENTS (WHETHER ORAL OR
WRITTEN), OR ACTIONS OF EITHER OF THEM. NEITHER BANK NOR BORROWER SHALL SEEK TO
CONSOLIDATE, BY COUNTERCLAIM OR OTHERWISE, ANY ACTION IN WHICH A JURY TRIAL HAS
BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT
BEEN WAIVED. THESE PROVISIONS SHALL NOT BE DEEMED TO HAVE BEEN MODIFIED IN ANY
RESPECT OR RELINQUISHED BY EITHER BANK OR BORROWER EXCEPT BY A WRITTEN
INSTRUMENT EXECUTED BY BOTH OF THEM.

General Security Agreement Page 17

<PAGE>

         IN WITNESS WHEREOF, the Borrower and the Bank have caused this Security
Agreement to be executed by their respective officers duly authorized as of the
date first above written.

                                           CASTING TECHNOLOGY COMPANY,
                                           an Indiana general partnership

                                           By AMCAST CASTING TECHNOLOGIES, INC.,
                                           its general partner

                                           By:_________________________________
                                                 Name:
                                                 Title:

                                           By IZUMI, INC.,
                                           its general partner

                                           By:_________________________________
                                                 Name:
                                                 Title:

ACCEPTED:

                                           THE PROVIDENT BANK

                                           By:_________________________________

                                           Printed:____________________________

                                           Title:______________________________

STATE OF INDIANA  )
                  ) SS:
COUNTY OF MARION  )

         Before me, a Notary Public in and for said County and State, personally
appeared ___________________________, known to me to be the ____________ of
Casting Technology Company and acknowledged the execution of the foregoing for
and on behalf of said partnership.

         Witness my hand and Notarial Seal, this _____ day of September, 2003.

                                                     --------------------------
                                                     Notary Public - Signature

                                                     --------------------------
                                                     Notary Public - Printed

My Commission Expires:                               My County of Residence:
--------------------                                 -----------------------

General Security Agreement Page 18

<PAGE>

                                   SCHEDULE 1

                           Former Names, Assumed Names
                           and Tradenames of Borrower

    Casting Technology Company is considered an assumed name of the general
                                  partnership

                               Prior Combinations

                                      None

General Security Agreement Page 19

<PAGE>

                                   SCHEDULE 2

                              Intellectual Property

                                      None

General Security Agreement Page 20

<PAGE>

                                   SCHEDULE 3

                             Location of Collateral

Equipment and Inventory Locations:

1450 Musicland Drive, Franklin, Indiana  46131
(obsolete machinery and equipment not in a material amount is stored at 5151
Bellevue St., Detroit, Michigan  48211)

Fixture Locations:

1450 Musicland Drive, Franklin, Indiana  46131

General Security Agreement Page 21

<PAGE>

                                   SCHEDULE 4

                               Investment Property

                           A. CERTIFICATED SECURITIES:

                                      None
<TABLE>
<CAPTION>
                                                                                Percentage
         Issuer's          Certificate     Number of           Number of         of Shares
Issuer   Organization      Number        Shares Owned        Shares Pledged      Pledged
<S>      <C>               <C>           <C>                 <C>                <C>
                                      None
</TABLE>

                          B. UNCERTIFICATED SECURITIES:

           Issuer's
Issuer   Organization    Description of Collateral Percentage Ownership Interest

                                      None

                            C. SECURITY ENTITLEMENTS:

                                      None

                              D. SECURITY ACCOUNTS:

                                      None

                             E. COMMODITY CONTRACTS:

                                      None

                             F. COMMODITY ACCOUNTS:

                                      None

General Security Agreement Page 22

<PAGE>

                                   SCHEDULE 5

                              Negotiable Collateral

                                      None

General Security Agreement Page 23

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