Document:

exv10w20

Exhibit 10.20

SEVENTH AMENDMENT TO CREDIT AGREEMENT

     THIS SEVENTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made and entered into
as of December 13, 2010, by and among BUCKEYE PARTNERS, L.P., a Delaware limited
partnership (the “Borrower”), the Subsidiaries of the Borrower that are parties hereto (the
“Guarantors”), the Lenders (as defined below) that are parties hereto, and SUNTRUST BANK,
in its capacity as administrative agent for the Lenders (the “Administrative Agent”).

W I T N E S S E T H:

     WHEREAS, the Borrower, the several banks and other financial institutions party
thereto (collectively, the “Lenders”) and the Administrative Agent are parties to that
certain Credit Agreement, dated as of November 13, 2006 (as amended, supplemented and
modified from time to time and in effect immediately prior to the date hereof, the “Credit
Agreement”; capitalized terms used herein and not otherwise defined shall have the meanings
assigned to such terms in the Credit Agreement as amended hereby), pursuant to which the
Lenders have made certain financial accommodations available to the Borrower; and

     WHEREAS, the Borrower has requested that the Lenders and the Administrative Agent
amend certain provisions of the Credit Agreement, and subject to the terms and conditions
hereof, the Lenders executing this Amendment are willing to do so;

     NOW, THEREFORE, for good and valuable consideration, the sufficiency and receipt of
all of which are acknowledged, the Borrower, the Guarantors, the Lenders executing this
Amendment and the Administrative Agent agree as follows:

     1. Amendment to SECTION 1.01 (“Certain Defined Terms”). Section
1.01 is hereby amended by replacing the following defined term and accompanying definition:

     “Plan” shall mean any employee pension benefit plan, as defined in Section 3(2)
of ERISA, that (i) is currently or hereafter sponsored, maintained or contributed to
by the Borrower, any Subsidiary of the Borrower or an ERISA Affiliate or (ii) was at
any time during the preceding six calendar years sponsored, maintained or
contributed to by the Borrower, any Subsidiary of the Borrower or an ERISA
Affiliate, provided, however, that Shell Chemical Yabucoa, Inc. (“SCYI”) and its
ERISA Affiliates shall be deemed to have never sponsored, maintained or contributed
to any Plan subject to Title IV of ERISA prior to SCYI becoming a Subsidiary of the
Borrower so long as the Borrower or any of its ERISA Affiliates has a right to
indemnification with respect to such Plan from Shell Overseas Holdings Limited
pursuant to an agreement in form and substance satisfactory to the Administrative
Agent.

     2. Effectiveness of Amendment. Notwithstanding any other provision
of this Amendment and without affecting in any manner the rights of the Lenders hereunder,
it is understood and agreed that this Amendment shall not become effective, and the
Borrower shall have no rights under this Amendment until the Administrative Agent shall
have received (i) reimbursement or payment of its costs and expenses incurred in connection
with the preparation, execution and delivery of this Amendment, including, without
limitation, the reasonable fees and out-of-pocket expenses of outside counsel for the
Administrative Agent with respect thereto and (ii) executed counterparts of this
Amendment from the Borrower, the Guarantors and the Required Lenders;

 

 

     3. Representations and Warranties. To induce the Lenders and the
Administrative Agent to enter into this Amendment, each of the Borrower, the General
Partner and the Guarantors (collectively, the “Loan Parties”) hereby represents and
warrants to the Lenders and the Administrative Agent that:

     (a) The execution and delivery by such Loan Party of this Amendment and the
performance of this Amendment and the Credit Agreement as amended hereby (i) are within
such Loan Party’s power and authority; (ii) have been duly authorized by all necessary
partnership, limited liability company, partner and/or member action; (iii) are not in
contravention of any provision of such Loan Party’s certificate of formation, certificate
of partnership, partnership agreement, operating agreement or other organizational
documents; (iv) do not violate any law or regulation, or any order or decree of any
Governmental Authority; (v) do not conflict with or result in the breach or termination of,
constitute a default under or accelerate any performance required by, any indenture,
mortgage, deed of trust, lease, agreement or other instrument to which such Loan Party or
any of its Subsidiaries is a party or by which such Loan Party or any such Subsidiary or
any of their respective property is bound; (vi) do not result in the creation or imposition
of any Lien upon any of the property of such Loan Party or any of its Subsidiaries; and
(vii) do not require the consent or approval of any Governmental Authority or any other
Person;

     (b) This Amendment has been duly executed and delivered for the benefit of or on
behalf of each Loan Party and constitutes a legal, valid and binding obligation of each
Loan Party, enforceable against such Loan Party in accordance with its terms except as the
enforceability hereof may be limited by bankruptcy, insolvency, reorganization, fraudulent
conveyance, moratorium and other similar laws of general application relating to or
affecting creditors’ rights and general principles of equity; and

     (c) After giving effect to this Amendment, the representations and warranties
contained in the Credit Agreement and the other Loan Documents are true and correct in all
material respects, and no Default or Event of Default has occurred and is continuing as of
the date hereof.

     4. Reaffirmations and Acknowledgments.

     Each Guarantor consents to the execution and delivery by the Borrower of this
Amendment and jointly and severally ratifies and confirms the terms of its Guaranty with
respect to the Debt now or hereafter outstanding under the Credit Agreement as amended
hereby and all promissory notes issued thereunder. Each Guarantor acknowledges that,
notwithstanding anything to the contrary contained herein or in any other document
evidencing any Debt of the Borrower to the Lenders or any other obligation of the Borrower,
or any actions now or hereafter taken by the Lenders with respect to any obligation of the
Borrower, its Guaranty (i) is and shall continue to be a primary obligation of such
Guarantor, (ii) is and shall continue to be an absolute, unconditional, joint and several,
continuing and irrevocable guaranty of payment, and (iii) is and shall continue to be in
full force and effect in accordance with its terms. Nothing contained herein to the
contrary shall release, discharge, modify, change or affect the original liability of the
Guarantors under the Guaranties.

     5. Effect of Amendment. Except as set forth expressly herein, all
terms of the Credit Agreement, as amended hereby, and the other Loan Documents shall be and
remain in full force and effect and shall constitute the legal, valid, binding and
enforceable obligations of the Borrower to the Lenders and the Administrative Agent. The
execution, delivery and effectiveness of this Amendment shall not, except as expressly
provided herein, operate as a waiver of any right, power or remedy of the
Lenders under the Credit Agreement, nor constitute a waiver of any provision of the
Credit Agreement. This Amendment shall constitute a Loan Document for all purposes of the
Credit Agreement.

2

 

     6. Governing Law. This Amendment shall be governed by, and
construed in accordance with, the internal laws of the State of New York and all applicable
federal laws of the United States of America.

     7. No Novation. This Amendment is not intended by the parties to
be, and shall not be construed to be, a novation of the Credit Agreement or an accord and
satisfaction in regard thereto.

     8. Counterparts. This Amendment may be executed by one or more of
the parties hereto in any number of separate counterparts, each of which shall be deemed an
original and all of which, taken together, shall be deemed to constitute one and the same
instrument. Delivery of an executed counterpart of this Amendment by facsimile
transmission or by electronic mail in pdf form shall be as effective as delivery of a
manually executed counterpart hereof.

     9. Costs and Expenses. The Borrower agrees to pay on demand all
reasonable costs and expenses of the Administrative Agent in connection with the
preparation, execution and delivery of this Amendment, including, without limitation, the
reasonable fees and out-of-pocket expenses of outside counsel for the Administrative Agent
with respect thereto.

     10. Binding Nature. This Amendment shall be binding upon and inure
to the benefit of the parties hereto, their respective successors, successors-in-titles,
and assigns.

     11. Entire Understanding. This Amendment sets forth the entire
understanding of the parties with respect to the matters set forth herein, and shall
supersede any prior negotiations or agreements, whether written or oral, with respect
thereto.

[Signature Pages Follow]

3

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their
respective authorized officers as of the day and year first above written.

	 	 	 	 	 
	 	BORROWER:

BUCKEYE PARTNERS, L.P.

By:   Buckeye GP LLC, its general partner

 	 
	 	By:  	/s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 
	 

	 	 	 	 	 	 	 

	 	 	GUARANTORS: 

BUCKEYE PIPE LINE COMPANY, L.P.
	 
	 	 	 	 	 	 
	 	 	By:	 	MAINLINE L.P.

its General Partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	MAINLINE GP, INC. 

its General Partner

	 	 	 	 	 

	 	By:  	/s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 
	 

	 	 	 	 	 	 	 

	 	 	BUCKEYE PIPE LINE HOLDINGS, L.P.
	 
	 	 	 	 	 	 
	 	 	By:	 	MAINLINE L.P.

its General Partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	MAINLINE GP, INC. 

its General Partner

	 	 	 	 	 

	 	By:  	/s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 
	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 
	 	BUCKEYE GULF COAST HOLDINGS I, LLC

 	 
	 	By:  	/s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 
	 
	 	BUCKEYE GULF COAST HOLDINGS II, LLC

 	 
	 	By:  	/s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 
	 
	 	BUCKEYE GULF COAST PIPE LINES, L.P.

By:   BUCKEYE GULF COAST HOLDINGS I, LLC

          its General Partner

 	 
	 	By:  	/s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 
	 
	 	BUCKEYE TERMINALS, LLC

 	 
	 	By:  	/s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 
	 
	 	NORCO PIPE LINE COMPANY, LLC

 	 
	 	By:  	/s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 	 	 

	 	 	EVERGLADES PIPE LINE COMPANY, L.P.
	 
	 	 	 	 	 	 
	 	 	By:	 	MAINLINE L.P.

its General Partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	MAINLINE GP, INC.

its General Partner

	 	 	 	 	 
	 	By:  	/s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 
	 

	 	 	 	 	 
	 	WOOD RIVER PIPE LINES LLC

 	 
	 	By:  	/s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 
	 

	 	 	 	 	 
	 	BUCKEYE PIPE LINE TRANSPORTATION LLC

 	 
	 	By:  	/s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 
	 

	 	 	 	 	 
	 	BUCKEYE TEXAS PIPE LINE COMPANY, L.P.

By:    BUCKEYE GULF COAST HOLDINGS I, LLC

          its General Partner

 	 

	 	 	 	 	 
	 	 	 
	 	By:  	     /s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 
	 

	 	 	 	 	 
	 	FERRYSBURG TERMINAL, LLC

 	 
	 	By:  	/s/  William H. Schmidt, Jr.
 	 
	 	 	Name:  	William H. Schmidt, Jr. 	 
	 	 	Title:  	Vice President and General Counsel 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 

	 	 	 	 	 
	 	LENDERS:

SUNTRUST BANK

as Administrative Agent and Lender

 	 
	 	By:  	/s/  Carmen Malizia
 	 
	 	 	Name:  	Carmen Malizia 	 
	 	 	Title:  	Vice President 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., SUCCESSOR BY MERGER TO MERRILL LYNCH BANK USA

 	 
	 	By:  	/s/  William W. Stevenson
 	 
	 	 	Name:  	William W. Stevenson 	 
	 	 	Title:  	Vice President 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 

	 	 	 	 	 
	 	CITIBANK, N.A.

 	 
	 	By:  	/s/  John F. Miller
 	 
	 	 	Name:  	John F. Miller 	 
	 	 	Title:  	Attorney-in-Fact 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 

	 	 	 	 	 
	 	BNP PARIBAS

 	 
	 	By:  	/s/  Richard Hawthorne
 	 
	 	 	Name:  	Richard Hawthorne 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                                              /s/  Juan Carlos Sandoval
 	 
	 	 	Name:  	Juan Carlos Sandoval 	 
	 	 	Title:  	Vice President 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

 	 
	 	By:  	/s/  Thomas Okamoto
 	 
	 	 	Name:  	Thomas Okamoto 	 
	 	 	Title:  	Senior Underwriter 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 

	 	 	 	 	 
	 	DEUTSCHE BANK AG NEW YORK BRANCH

 	 
	 	By:  	/s/  Philippe Sandmeier
 	 
	 	 	Name:  	Philippe Sandmeier 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                                              /s/  Oliver Schwarz
 	 
	 	 	Name:  	Oliver Schwarz 	 
	 	 	Title:  	Director 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE ROYAL BANK OF SCOTLAND plc

 	 
	 	By:  	/s/  Brian D. Williams
 	 
	 	 	Name:  	Brian D. Williams 	 
	 	 	Title:  	Vice President 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

 	 
	 	By:  	/s/ Linda Terry
 	 
	 	 	Name:  	Linda Terry 	 
	 	 	Title:  	Authorized Signatory 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 

	 	 	 	 	 
	 	MORGAN STANLEY BANK

 	 
	 	By:  	/s/ Scott Taylor
 	 
	 	 	Name:  	Scott Taylor 	 
	 	 	Title:  	Authorized Signatory 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A.

 	 
	 	By:  	/s/  Christina Faith
 	 
	 	 	Name:  	Christina Faith 	 
	 	 	Title:  	Director 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 

	 	 	 	 	 
	 	UBS AG, STAMFORD BRANCH

 	 
	 	By:  	/s/  Mary E. Evans
 	 
	 	 	Name:  	Mary E. Evans 	 
	 	 	Title:  	Associate Director, Banking Products
Services, US 	 
	 
	 	 	 
	 	By:  	                                              /s/ Irja R. Otsa
 	 
	 	 	Name:  	Irja R. Otsa 	 
	 	 	Title:  	Associate Director, Banking Products
Services, US 	 

[Signature Page to Seventh Amendment to Credit Agreement]

 

	 	 	 	 	 

	 	 	 	 	 
	 	WILLIAM STREET CREDIT CORPORATION

 	 
	 	By:  	/s/ Barbara Fabbri
 	 
	 	 	Name:  	Barbara Fabbri 	 
	 	 	Title:  	Authorized Signatory 	 
	 

[Signature Page to Seventh Amendment to Credit Agreement]exv10w30

Exhibit 10.30

CONSULTING AND NONCOMPETITION AGREEMENT

     THIS AGREEMENT is made as of this day of 25th January, 2011 by and between
ALLEGHENY TECHNOLOGIES INCORPORATED (hereinafter “ATI”), a Delaware corporation, having its
principal offices at 1000 Six PPG Place, Pittsburgh, PA 15222- 5479, and Lynn D. Davis
(hereinafter, the “CONSULTANT”), residing at [home address omitted].

     WHEREAS, ATI is a manufacturer of specialty metals and has developed and possesses certain
information, data, and experience, relating to the manufacture and sale of such products and which
information, data, and experience (hereinafter referred to and further defined below as
“INFORMATION”) are confidential, proprietary, and valuable commercial asset to ATI; and

     WHEREAS, CONSULTANT is Group President of ATI Primary Metals (“Group President”); and

     WHEREAS, CONSULTANT and ATI have agreed that CONSULTANT is voluntarily retiring his active
employment with ATI effective as of the close of business on February 1, 2011.

     WHEREAS, CONSULTANT and ATI are entering into a subsequent consulting and noncompetition
arrangement whereby ATI would compensate CONSULTANT and ATI would have the benefit of CONSULTANT’S
SERVICES (as defined below) and covenants that CONSULTANT would not compete with ATI during the
period of the consulting arrangement; and

     WHEREAS, ATI now desires to obtain exclusivity of such SERVICES and CONSULTANT desires to
undertake the performance of such SERVICES and agrees to certain noncompetition covenants to
survive the termination of the consulting arrangement.

     NOW, THEREFORE, in consideration of the mutual covenants, terms and conditions herein and
intending to be legally bound, the parties agree as follows:

     SECTION I. EXCLUSIVE SERVICES 

     (a) As used herein, CONSULTANT’S SERVICES means consulting services, as reasonably requested
by the Chief Executive Officer of ATI or his designee (the “CEO”) from time to time, to be rendered
by CONSULTANT exclusively to ATI in connection with being responsible for the project management of
ATI’s Rowley, Utah premium grade titanium sponge facility (“Rowley”). Generally, CONSULTANT’S
duties are to include, (i) ensuring the successful and timely completion of Rowley, (ii)
standardization of the Rowley process, (iii) improving the Rowley production yields as part of an
orderly ramp up to full design capacity, and (iv) ensuring that Rowley consistently produces the
highest quality and most competitive premium grade titanium products needed to satisfy ATI and its
customers in accordance with industry standards.

-1-

 

CONSULTANT“S SERVICES also will include special projects which may arise from time to time,
including, in the near term, continuing to act as the key liaison person between the management of
US Magnesium and ATI. On a longer term basis, CONSULTANT’S SERVICES will include helping to provide
an orderly and timely transition between ATI management responsible for Rowley on an ongoing basis
and US Magnesium. Additionally, on an interim basis and pursuant to the CEO’s request, CONSULTANT
will serve as the coordinator of ATI’s quarterly titanium strategy meetings.

     (b) It is understood and agreed that SERVICES shall not include confidential or proprietary
information of any third party.

     (c) CONSULTANT shall devote the time necessary to perform SERVICES; however, the parties
expect that in the range of one-half of a normal-work month should be sufficient for CONSULTANT to
perform SERVICES.

     (d) CONSULTANT shall provide SERVICES to ATI during the term of this Agreement with the title
of “ATI Rowley Project Manager” until his duties relating to Rowley are completed. Thereafter,
CONSULTANT shall perform duties without specific title. The SERVICES are expected to be performed
primarily at Rowley or at another ATI facility as reasonably appropriate under the circumstances.

     (e) CONSULTANT is expected to attend the ATI 2011 Corrosion Conference and general contracting
courses in Salt Lake City, UT in order to maintain CONSULTANT’S Professional Engineering License
and General Contractor’s License in the state of Utah until the completion of SERVICES, It is
understood that CONSULTANT shall not incur any “errors and omissions liability” to ATI for SERVICES
rendered hereunder.

     (f) CONSULTANT
may be requested by ATI to participate (as author, co-author, or editor) in the
creation of written reports, speeches, and collateral materials pertinent to the subject matter of
the consultation.

     (g) CONSULTANT agrees, during the term of this Agreement, not to enter into any agreement or
arrangement, consulting or otherwise, with third parties in any way related to specialty metals and
materials and processes which are the same or similar to those produced, sold or used by ATI or
which are the subject of any SERVICES under this Agreement. In the event CONSULTANT wishes to
render services to other business organizations, CONSULTANT will notify ATI in writing and request
a determination of whether or not ATI objects to CONSULTANT’S rendering such services, and ATI will
promptly respond with its determination. Nothing in this agreement is intended to prevent
CONSULTANT from providing services to charitable or nonprofit organizations.

     SECTION 2. COMPENSATION

     (a) ATI shall pay CONSULTANT starting on February 2, 2011 a fee for SERVICES rendered to ATI
at the rate of $30,000 per month for the remainder of 2011.

-2-

 

For calendar year 2012, CONSULTANT’s fee shall be $15,000 per month. Such payments to be made
promptly after receipt by ATI of the documentation described in Section 2(c) below.

     (b) In addition, so long as CONSULTANT performs SERVICES in accordance with this Agreement
throughout 2011, CONSULTANT will be eligible to fully participate, without pro ration, in the
2009-2011 TSRP and KEPP long term incentive programs (“2009 Plans”). In the event CONSULTANT does
not perform SERVICES, for any reason, throughout 2011, CONSULTANT will only be eligible to
participate in the 2009 Plans on a pro rata basis.

     (c) For the 2010 TSRP and KEPP long term incentive plans (“2010 Plans”), CONSULTANT will be
eligible to receive a pro rata share of 13/36 based on the 13 months CONSULTANT worked as a
full-time employee during the 36 month performance period for the 2010 Plans.

     (d) CONSULTANT’S participation in the 2009 and 2010 PRSP’s will continue to vest as if
CONSULTANT’S employment had continued.

     (e) CONSULTANT will not be eligible to participate in any short or long term incentive plans
that are adopted by the Company in 2011.

     (f) ATI will reimburse CONSULTANT for all reasonable and authorized outof-pocket travel and
living expenses (including lodging, food, transportation, parking and telephone and Internet
connection tolls) incurred by CONSULTANT in connection with performing SERVICES. ATI expects to
provide CONSULTANT with office space and reasonable clerical support relating to performing
SERVICES. Reimbursement for expenses will be made only upon presentation of reasonable evidence
showing the date, nature and amount of the expense incurred and submitted in such a manner as ATI
may require, which requirements shall generally follow the ATI expense reimbursement policies in
effect from time to time.

     (g) CONSULTANT will submit an invoice, with supporting documentation, to ATI as soon as
feasible after the end of each month during the Term of this Agreement describing SERVICES
rendered, the number of days expended and containing sufficient detail of expenses for which
reimbursement is requested.

     (h) ATI will provide the CONSULTANT with a laptop computer and Blackberry or similar device as
ATI deems to be appropriate under the circumstances.

     (i) It is understood that all benefits, including coverage under ATI’s medical plan, to which
CONSULTANT is entitled as a full-time employee of ATI will terminate and be in accordance with
CONSULTANT’S retirement benefits as a former ATI employee.

     (j) Subscriptions to newspapers, periodicals, trade journals, and the like which are provided
by the Company may continue through their current expiration dates, but thereafter the cost thereof
will be the responsibility of the CONSULTANT.

-3-

 

     SECTION 3. TERM

     (a) This Agreement is effective as of February 2, 2011 and, unless earlier terminated as set
forth in Subsection (b) below, shall continue for a period of twenty three (23) months thereafter
until December 31, 2012. Thereafter, this Agreement may be extended for additional monthly periods
upon the mutual agreement of the parties.

     (b) This Agreement may be terminated by either party prior to December 31, 2012 only upon (i)
by ATI, as described in Subsection 6(b) below, failure of the CONSULTANT to timely and
professionally provide SERVICES as reasonably requested by the CEO or the breach by the CONSULTANT
of any of the several covenants in this Agreement or (ii) by the CONSULTANT, the failure by ATI to
pay when due the fees and reimbursements under Section 2, except for failures which are cured
within 30 days of written notice of such failure. The parties specifically agree that,
notwithstanding an early termination of this Agreement, the obligations under Sections 7, 8, 9, 10,
and 11 shall continue and remain in full force and effect.

     SECTION 4. ABSENCE OF THIRD-PARTY RESTRICTIONS 

     CONSULTANT represents that he has the right to enter into this Agreement and to perform
SERVICES exclusively for ATI, and that there are no restrictions whatsoever imposed on CONSULTANT
by virtue of services to others, nor under any third-party agreement or otherwise which would
prevent him from performing SERVICES for ATI or observing or complying with all the provisions of
this Agreement.

     SECTION 5. INDEPENDENT CONTRACTOR STATUS 

     (a) CONSULTANT shall be an independent contractor and not an employee or agent of ATI. ATI
disclaims the right to control the manner of performance by CONSULTANT. CONSULTANT shall not be
considered, under this Agreement or otherwise, to be entitled to ATI benefits or coverage or
benefits under ATI employee plans, qualified or non-qualified.

     (b) CONSULTANT agrees to indemnify ATI for any personal injury or property damage sustained by
CONSULTANT, other individuals, or any entity while performing SERVICES for or on behalf of ATI.
CONSULTANT will provide proof of liability insurance coverage acceptable to ATI for said
indemnification, including but not limited to Automobile Liability insurance with minimum limits of
$100,000 single limit or $100,000/$300,000 bodily injury and $100,000 property damage for use of a
personal automobile while performing services for or on behalf of ATI.

     (c) Any tax, license fees, permits, or regulatory filings, or other conditions imposed upon or
required to render SERVICES shall be satisfied by CONSULTANT.

     SECTION 6. NO RIGHT TO SUBCONTRACT 

     (a) The provision of SERVICES under this Agreement is personal to the CONSULTANT. CONSULTANT
may not subcontract any portion of his SERVICES

-4-

 

hereunder to others without the prior written consent of ATI and ATI’s written approval of the
terms and conditions of each such subcontract. Subcontracting any part of the SERVICES under this
Agreement, if approved by ATI, shall not relieve CONSULTANT of any of his obligations with respect
thereto.

     (b) CONSULTANT represents himself to possess skills and professional ability requisite to
performance of SERVICES. Health and stamina of CONSULTANT adequate to permit efficient rendering of
SERVICES, including travel, is a condition to the continued effectiveness of this Consulting
Agreement. Upon total disability or death of CONSULTANT, this Agreement shall terminate immediately
and no further payments shall become due from ATI.

     SECTION 7. PATENT RIGHTS AND COPYRIGHTS 

     (a) CONSULTANT shall promptly disclose to ATI all discoveries, inventions, and improvements,
patentable or non-patentable, conceived, made or developed by CONSULTANT after the date of this
Agreement arising out of the performance of SERVICES under this Agreement. All such discoveries,
inventions, and improvements shall be the sole and exclusive property of ATI in respect to any and
all countries, their territories and possessions. CONSULTANT shall perform at the request of ATI
all lawful acts and execute, acknowledge, and deliver all such instruments deemed necessary by ATI
to vest in ATI the entire right, title and interest in and to such discoveries, inventions, and
improvements, and to enable ATI properly to prepare, file, and prosecute applications for and
obtain patents (including all kinds of intellectual property) thereon in any and all countries
selected by ATI as well as reissues, renewals, and extensions thereof, and to obtain and record
title to such applications and patents so that ATI shall be the sole and absolute owner thereto in
any and all countries in which it may desire patent or like protection. The obligations of
CONSULTANT under this Section 7 shall survive termination of this Agreement.

     (b) The parties intend that any and all works by CONSULTANT are a work for hire under the
copyright laws such that ATI is the copyright owner of any and all works made by CONSULTANT in
performance of SERVICES. In the event the works are not works for hire by operation of law,
CONSULTANT hereby transfers ownership to ATI of all such copyrights and assigns to ATI all
exclusive rights, and specifically waives all CONSULTANT’S special rights in such copyrights.

     SECTION 8. NONCOMPETE 

     (a) For good consideration and as an inducement for ATI to enter into this Agreement,
CONSULTANT agrees not to directly or indirectly compete with the business of ATI and its successors
and assigns during the term of this Agreement.

     (b) The term “compete” as used herein shall mean that the CONSULTANT’S owning, managing,
operating, consulting with or being employed in a business (whether or not incorporated)
substantially similar to, or competitive with, any of the present or

-5-

 

future businesses of ATI or such other business activity in which ATI may substantially engage or
had substantially engaged during the Term of CONSULTANT’S employment with ATI or during the term of
this Agreement.

     (c) The obligation of CONSULTANT under this Section 8 shall extend to any market and each
geographical area in which ATI conducts its business and/or in which ATI products are sold.

     SECTION 9. NONSOLICITATION 

     During the term, CONSULTANT agrees that CONSULTANT shall not, without the prior written
consent of ATI, directly or indirectly:

     (a) hire, employ or engage any person who is an employee, consultant, sales representative or
sales agent of ATI during the Term of this Agreement;

     (b) induce or attempt to induce any person who is an employee, sales representative or
independent sales agent of ATI to terminate or materially reduce his or her employment or other
relationship with ATI; or

     (c) induce or attempt to induce any person who is a customer (direct or indirect) of ATI to
terminate or fail to renew or not extend or to change the terms of any written or oral agreement or
understanding, course of dealing or other relationship with ATI or to reduce the amount of business
it conducts with ATI or any subsidiary of ATI.

     SECTION 10. CONFIDENTIALITY

     (a) The term “INFORMATION” means all technical data and other information of every kind,
written and unwritten, including information of a technical, engineering, operational, or economic
nature discovered or learned by the CONSULTANT during his employment with ATI prior to February 1,
2011 and/or thereafter becoming known to CONSULTANT by ATI, whether by disclosure by ATI, by the
CONSULTANT by observing ATI’s facilities, methods and processes, or conceived, made, or developed
by CONSULTANT in the course of performing SERVICES for ATI under this Agreement.

     (b) Without the express written consent of ATI to the contrary, all INFORMATION shall be:

	 	(i)	 	received and maintained in confidence by CONSULTANT and shall not
be disclosed, directly or indirectly, by CONSULTANT to any related or unrelated
party whatsoever; and
	 
	 	(ii)	 	used by CONSULTANT only and exclusively for the performance of
SERVICES for ATI.

     (c) The foregoing obligations of confidentiality use and nondisclosure shall not apply to any
INFORMATION which:

-6-

 

	 	(i)	 	was known to CONSULTANT prior to the date CONSULTANT became an
employee of ATI as can be shown by documentary evidence; or
	 
	 	(ii)	 	is or becomes available in issued patents, published patent
applications, or printed publications of general public circulation other than
by acts or omissions of CONSULTANT; or
	 
	 	(iii)	 	is rightfully obtained by CONSULTANT without restriction from
sources other than ATI who are rightfully in possession of such INFORMATION and
who are not under any obligation of confidentiality to ATI.

     (d) CONSULTANT shall not publish findings obtained in the course of SERVICES without the prior
written approval of ATI.

     (e) CONSULTANT agrees that all tangible embodiments of INFORMATION, including reports,
memoranda, e-mail, computer software, drawings, designs, and worksheets, made or obtained by
CONSULTANT in performance hereof, shall be and remain the property of ATI, may not be reproduced by
CONSULTANT without written consent of ATI, and shall be returned to ATI promptly upon written
request made by ATI or upon termination of this Agreement.

     (f) The obligation of CONSULTANT under this Section 10(a) through (e) shall continue in effect
for a period of five (5) years from the date on which the last SERVICES are performed by CONSULTANT
for ATI and shall survive such termination of this Agreement.

     SECTION 11. EQUITABLE REMEDIES

     The parties hereto agree that irreparable harm would occur in the event that any of the
agreements, covenants and provisions of this Agreement were not performed fully by the parties in
accordance with their specific terms and that money damages would not be an adequate remedy because
of, among other reasons, the difficulty of ascertaining and quantifying the amount of damages that
will be suffered by a party in the event of nonperformance and the additional damages inflicted by
allowing the behavior of the breaching party to continue. It is hereby agreed that a party hereto
shall be entitled to an injunction or injunctions or other equitable relief to restrain, enjoin and
prevent breaches of this Agreement, particularly breaches of the covenants set forth in Section 7,
8, 9 and 10 above, in addition to and not in lieu of any damages that may be or become payable at
law. Each party hereto consents to the jurisdiction of the courts of Pennsylvania and to the
exercise by those courts of equity principles as if sitting in equity at common law.

     SECTION 12. ASSIGNMENT OF RIGHTS

     This Agreement shall inure to the benefit of and be binding upon ATI, its successors and
assigns. This Agreement shall not be assigned by CONSULTANT

-7-

 

without the prior written consent of ATI. Nothing in this Agreement, express or implied, is
intended or shall be construed to confer upon any person other than the parties hereto, any right,
remedy or claim, under or by reason of this Agreement.

     SECTION 13. WAIVER OF RIGHTS 

     Neither party shall be deemed to have waived any right, power or privilege under this
Agreement or any provision hereof unless such waiver shall have been duly executed in writing and
acknowledged by the party to be charged with such waiver. The failure of any party to enforce at
any time any of the provisions of this Agreement shall in no way be construed to be a waiver of
this Agreement or any parts thereof or the right of any party to thereafter enforce each and every
such provision. No waiver of any breach of this Agreement shall be held to be a waiver of any other
or subsequent breach. All remedies permitted under this Agreement shall be taken and construed as
cumulative.

     SECTION 14. CORRESPONDENCE 

     All notices, approvals, consents, requests, or demands required or permitted to be given under
this Agreement shall be in writing and shall be deemed sufficiently given when deposited in the
mail, registered or certified, postage prepaid, and addressed to the party entitled to receive such
notice at the address shown below:

	 	 	 	 	 

	If to ATI:	 	Allegheny Technologies Incorporated
	 

	 	Address:
	 	1000 Six PPG Place
	 

	 	 	 	Pittsburgh, PA 15222-5479
	 	 	Attention: General Counsel
	 
	 	 	 	 
	If to CONSULTANT:	 	Lynn D. Davis
	 	 	[home address omitted]

     Any party may subsequently designate another address by notice given in accordance with this
Section 14. If notice is given by any other method than that stated herein, it shall be deemed
effective only when the written notice is actually received.

     SECTION 15. MISCELLANEOUS 

     (a) This Agreement sets forth the entire agreement and understanding between the parties as to
the subject matter of this Agreement and merges and supersedes all prior agreements, commitments,
representations, writings, and discussions between them, whether written or oral. It is expressly
understood that no representations, promises, warranties, or agreements have been made by either
party except as the same are set forth herein. This Agreement may not be amended or

-8-

 

terminated except in writing and signed by the proper and duly authorized representative of the
party intended to be bound thereby.

     (b) No other rights or obligations other than those expressly recited herein are to be implied
by this Agreement with respect to patents, inventions, and INFORMATION specifically, nothing
contained in this Agreement shall be construed to grant CONSULTANT, directly or indirectly, any
license or other right under any patent or patent application or other intellectual property owned
or controlled by ATI.

     (c) If any provisions of this Agreement or its application to any person or circumstance is
invalid or unenforceable, then the remainder of this Agreement or the application of such provision
to other persons or circumstances shall not be affected thereby; provided, however, that if any
provision or application thereof is invalid or unenforceable, then a suitable and equitable
provision shall be substituted therefore in order to carry out, so far as may be valid and
enforceable, the intent and purpose of the invalid or unenforceable provision.

     (d) The captions of the sections of this Agreement are for convenience only and shall not
control or affect the meaning or construction of any provisions of this Agreement.

     (g) This Agreement shall be governed by and interpreted in accordance with the laws of the
Commonwealth of Pennsylvania, excluding its conflict of law provisions.

     IN WITNESS WHEREOF, the parties have duly executed this Agreement in triplicate on the dates
hereinafter shown.

	 	 	 	 	 	 	 	 	 
	ALLEGHENY TECHNOLOGIES	 	 	 	 
	INCORPORATED	 	 	 	CONSULTANT
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Jon D. Walton
	 	 	 	By:
	 	/s/ Lynn D. Davis
	 

	 	 
	 	 	 	 	 	 
	 

	 	Jon D. Walton
	 	 	 	 	 	Lynn D. Davis
	 
	 	 	 	 	 	 	 	 
	Date:
January 25, 2011

	 	 	 	Date:
January 10, 2011
	 

	 	 
	 	 	 	 	 	 

-9-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}]]