Document:

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                                                                 EXHIBIT 4.1(d)

         OPEN-END MORTGAGE, SECURITY AGREEMENT, FINANCING STATEMENT AND
                         ASSIGNMENT OF LEASES AND RENTS

                                       by

                                IRONTON IRON INC.
                                  as Mortgagor

                                       to

                             THE BANK OF NOVA SCOTIA
                                    as Agent

               for the benefit of the Lenders (as defined herein)

                                Property Known as

                       2520 S. 3rd Street, Ironton, Ohio

                     This Mortgage Was Prepared By And After
                Recordation This Mortgage Should Be Returned To:

                              Jack Edelbrock, Esq.
                            c/o Mayer, Brown & Platt
                            190 South LaSalle Street
                          Chicago, Illinois 60603-3441

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                     OPEN-END MORTGAGE, SECURITY AGREEMENT,
                            FINANCING STATEMENT AND
                         ASSIGNMENT OF LEASES AND RENTS

         THIS OPEN-END MORTGAGE, SECURITY AGREEMENT, FINANCING STATEMENT AND
ASSIGNMENT OF LEASES AND RENTS (this "Mortgage") is entered into as of the
______ day of August, 2001 by IRONTON IRON INC., an Ohio corporation
(hereinafter called "Mortgagor"), having its principal place of business at 5445
Corporate Drive, Suite 200, Troy, Michigan 48098, to THE BANK OF NOVA SCOTIA (in
its individual capacity, "Scotia Capital"), having an office at 800 Peachtree
Street N.E., Suite 2700, Atlanta, Georgia 30308 as collateral agent under each
of the Term Loan Agreement and the Revolving Credit Agreement (each as defined
below; collectively the "Credit Agreements") (together with its successor(s)
thereto in such, capacities, the "Collateral Agent") for the benefit of itself
and each of the Secured Parties. Except as otherwise provided herein, all
capitalized terms used but not otherwise defined herein shall have the
respective meanings given to them in the Revolving Credit Agreement.

                              W I T N E S S E T H :

         WHEREAS, pursuant to the First Amended and Restated Term Loan Agreement
dated as of July 17, 2001, as amended (as amended, supplemented, amended and
restated or otherwise modified or refinanced or replaced in whole or in part
from time to time, the "Term Loan Agreement"), among Intermet Corporation, a
Georgia corporation (the "Borrower"), the "Lenders" thereunder, Scotia Capital,
as administrative and collateral agent, and the other agents thereunder, such
Lenders and the Borrower have agreed to refinance a portion of the outstanding
term loans made by such Lenders to the Borrower;

         WHEREAS, the Mortgagor has guaranteed the Obligations of the Borrower
under the Term Loan Agreement pursuant to a First Amended and Restated Guaranty
Agreement dated as of July 17, 2001 (the "Term Loan Guaranty Agreement");

         WHEREAS, pursuant to the Fourth Amendment dated as of July 17, 2001
(the "Revolving Credit Amendment") to the Five-Year Credit Agreement dated as of
November 5, 1999, as amended (as amended, supplemented, amended and restated or
otherwise modified from time to time, the "Revolving Credit Agreement"), among
the Borrower, the "Lenders" thereunder, Scotia Capital, as administrative and
collateral agent, and the other agents thereunder, such Lenders and the Borrower
have agreed to refinance the outstanding revolving loans, swingline loans,
letters of credit and available credit thereunder extended by such Lenders to
the Borrower:

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         WHEREAS, the Mortgagor has guaranteed the Obligations of the Borrower
under the Revolving Credit Agreement pursuant to a First Amended and Restated
Guaranty Agreement dated as of July 17, 2001 (the "Revolving Credit Guaranty
Agreement");

         WHEREAS, as a condition to the effectiveness of the Term Loan Agreement
and the Revolving Credit Amendment, the Secured Parties have required that
Mortgagor grant the Mortgage and grant to Collateral Agent, for the benefit of
the Secured Parties, the liens and security interests referred to herein to
secure: (i) prompt and complete payment and performance of the "Guaranteed
Obligations" (as defined in the Term Loan Guaranty Agreement); (ii) prompt and
complete payment and performance of the "Guaranteed Obligations" (as defined in
the Revolving Credit Guaranty Agreement); (iii) all other payment and
performance obligations provided by this Mortgage; (iv) the Obligations (as
defined in the Credit Agreements); and (v) any future advances made by any of
the Secured Parties in connection with the property mortgaged hereby or in
connection with advances under the Credit Agreements, whenever incurred
including all interest (including interest at a post-default rate) and late
charges and prepayment charges (all of the aforesaid obligations of Mortgagor to
any of the Secured Parties, together with the other payment and performance
obligations and liabilities described herein, being hereinafter referred to
collectively as the "Obligations Secured"); and

         WHEREAS, the parties hereto intend that this Mortgage shall secure
unpaid balances of loan advances made both before and after this Mortgage is
delivered to be recorded, which loan advances constitute the Obligations
Secured. The maximum amount of unpaid Obligations Secured which may be
outstanding at any time, exclusive of interest thereon, and exclusive of taxes,
assessments, insurance premiums, costs incurred for the protection of the
Mortgaged Property, Other Advances, Secured Parties' Costs, Fees and Expenses
(as defined in Section 9 below), which amounts are also secured hereby is
$482,750,000.00. Notwithstanding, the foregoing limitation shall apply only to
the lien upon the real property created by this Mortgage, and it shall not in
any manner limit, affect or impair any grant of a security interest or other
right in favor of the Collateral Agent under the provisions of the Credit
Agreements or under any other security agreement at any time executed by
Mortgagor;

         NOW, THEREFORE, in consideration of the foregoing Recitals and to
secure payment of the Obligations Secured and in consideration of One Dollar
($1.00) in hand paid, the receipt and sufficiency whereof are hereby
acknowledged, Mortgagor does hereby grant, remise, release, alien, convey,
mortgage and warrant to the Collateral Agent, its successors and assigns, for
the benefit of the Secured Parties that certain real estate legally described in
Exhibit A hereto (the "Land") in Lawrence County, State of Ohio (the "State");
together with all right, title and interest, if any, which Mortgagor may now
have or hereafter acquire in and to all improvements, buildings and structures
now or hereafter located thereon of every nature whatsoever (which, together
with the Land, is herein called the "Premises").

         TOGETHER WITH all right, title and interest, if any, including any
after-acquired right, title and interest, and including any right of use or
occupancy, which Mortgagor may now have or hereafter acquire in and to (a) all
easements, rights of way, gores of land or any lands

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occupied by streets, ways, alleys, passages, sewer rights, water courses, water
rights and powers, and public places adjoining said Land, and any other
interests in property constituting appurtenances to the Premises, or which
hereafter shall in any way belong, relate or be appurtenant thereto, and (b) all
hereditaments, gas, oil, minerals (with the right to extract, sever and remove
such gas, oil and minerals), and easements, of every nature whatsoever, located
in or on the Premises and all other rights and privileges thereunto belonging or
appertaining and all extensions, additions, improvements, betterments, renewals,
substitutions and replacements to or of any of the rights and interests
described in subparagraphs (a) and (b) above (hereinafter the "Property
Rights").

         TOGETHER WITH all right, title and interest, if any, including any
after-acquired right, title and interest, and including any right of use or
occupancy, which Mortgagor may now or hereafter acquire in and to all fixtures
and appurtenances of every nature whatsoever now or hereafter located in, on or
attached to, or used or intended to be used in connection with, or with the
operation of, the Premises, including, but not limited to (a) all apparatus,
inventory, machinery and equipment of Mortgagor (the "Equipment"); and (b) all
extensions, additions, improvements, betterments, renewals, substitutions and
replacements to or of any of the foregoing (the "Fixtures"). It is mutually
agreed, intended and declared that the Premises and all of the Property Rights,
Equipment and Fixtures owned by Mortgagor (referred to collectively herein as
the "Real Property") shall, so far as permitted by law, be deemed to form a
part and parcel of the Land and for the purpose of this Mortgage to be real
estate and covered by this Mortgage.

         TOGETHER WITH all the estate, right, title and interest of the
Mortgagor in and to (i) all judgments, insurance proceeds, awards of damages and
settlements resulting from condemnation proceedings or the taking of the Real
Property, or any part thereof, under the power of eminent domain or for any
damage (whether caused by such taking or otherwise) to the, Real Property, or
any part thereof, or to any rights appurtenant thereto, and all proceeds of any
sales or other dispositions of the Real Property or any part thereof; and
(except as otherwise provided herein) the Collateral Agent is hereby authorized
to collect and receive said awards and proceeds and to give proper receipts and
acquittance therefor, and to apply the same as provided in Section 9 hereof; and
(ii) all contract rights, general intangibles, actions and rights in action
relating to the Real Property including, without limitation, all rights to
insurance proceeds and unearned premiums arising from or relating to damage to
the Real Property; and (iii) all proceeds, products, replacements, additions,
substitutions, renewals and accessions of and to the Real Property. (The rights
and interests described in this paragraph shall hereinafter be called the
"Intangibles.")

         Mortgagor (i) does hereby pledge and assign to the Collateral Agent
from and after the date hereof (including any period of redemption), primarily
and on a parity with the Real Property, and not secondarily, all the rents,
issues and profits of the Real Property and all rents, issues, profits,
revenues, royalties, bonuses, rights and benefits due, payable or accruing
(including all deposits of money as advance rent, for security or as earnest
money or as down payment for the purchase of all or any part of the Real
Property) (the "Rents") under any and all

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present and future leases, contracts or other agreements relative to the
ownership or occupancy of all or any portion of the Real Property, and (ii)
except to the extent such a transfer or assignment is not permitted by the terms
thereof (provided that Mortgagor shall use all commercially reasonable efforts
to obtain all required consents to such transfer or assignment), does hereby
transfer and assign to the Collateral Agent all such leases and agreements
(including all Mortgagor's rights under any contracts for the sale of any
portion of the Mortgaged Property and all revenues and royalties under any oil,
gas and mineral leases relating to the Real Property) (the "Leases").

         All of the property described above, and each item of property therein
described, not limited to but including the Land, the Premises, the Property
Rights, the Equipment, the Fixtures, the Real Property, the Intangibles, the
Rents and the Leases, is herein referred to as the "Mortgaged Property."

         Nothing herein contained shall be construed as constituting the
Collateral Agent a mortgagee-in-possession in the absence of the taking of
actual possession of the Mortgaged Property by the Agent. Nothing contained in
this Mortgage shall be construed as imposing on Collateral Agent any of the
obligations of the lessor under any Lease of the Mortgaged Property in the
absence of an explicit assumption thereof by the Collateral Agent. In the
exercise of the powers herein granted the Collateral Agent, no liability shall
be asserted or enforced against the Collateral Agent, all such liability being
expressly waived and released by Mortgagor.

         TO HAVE AND TO HOLD the Mortgaged Property, properties, rights and
privileges hereby conveyed or assigned, or intended so to be, unto the
Collateral Agent, its beneficiaries, successors and assigns, forever for the
uses and purposes herein set forth. Mortgagor hereby releases and waives the
equity of redemption under and by virtue of any of the laws, if any, of the
State, and Mortgagor hereby covenants, represents and warrants that, at the time
of the execution and delivery of these presents, Mortgagor is well seized of the
Mortgaged Property in fee simple and with lawful authority to sell, assign,
convey and mortgage the Mortgaged Property, and that the title to the Mortgaged
Property is free and clear of all encumbrances, except those permitted by
Sections 7.02 of the Term Loan Agreement and the Revolving Credit Agreement
("Permitted Encumbrances"), and that, except for the Permitted Encumbrances,
Mortgagor will forever defend the same against all claims in derogation of the
foregoing.

         It is also agreed that if any of the property herein mortgaged is of a
nature so that a security interest therein can be perfected under the Uniform
Commercial Code in effect in the State (the "Code"), this instrument shall
constitute a security agreement, fixture filing and financing statement, and for
that purpose, the following information is set forth:

         (a) In addition to the foregoing grant of mortgage, Mortgagor hereby
grants a continuing security interest to the Collateral Agent for the benefit of
the Secured Parties in that portion of the Mortgaged Property with respect to
which the creation and perfection of a security interest is governed by the
Code;

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         (b) The "Debtor" is the Mortgagor and "Secured Party" is the Collateral
Agent for the benefit of itself and the other Secured Parties.

         (c) Name and address of Debtor are as set forth in the Preamble to this
instrument.

         (d) Name and address of Secured Party are as set forth in the Preamble
to this instrument.

         (e) Description of the types (or items) of property covered by this
financing statement: all of the Mortgaged Property described or referred herein
to which a security interest may be perfected pursuant to the Code.

         (f) Description of real estate to which collateral is attached or upon
which it is located: Described in Exhibit A.

         (g) The taxpayer identification number of the Debtor is: 31-1117407.

         (h) The Collateral Agent may file this instrument or a reproduction
thereof, in the real estate records or other appropriate index, as a financing
statement for any of the items specified herein as part of the Mortgaged
Property. Any reproduction of this Mortgage or of any other security agreement
or financing statement is sufficient as a financing statement.

         Mortgagor agrees to execute, deliver and file or refile any financing
statement, continuation statement, or other instruments Collateral Agent may
reasonably require from time to time to perfect or renew such security interest
under the Code. To the extent permitted by law, (i) all of the Fixtures are or
are to become fixtures on the Land and (ii) this instrument, upon recording or
registration in the real estate records of the proper office, shall constitute a
"fixture-filing" within the meaning of Sections 9-334 and 9-502 of the Code.
Subject to the terms and conditions of the Credit Agreements, the remedies for
any violation of the covenants, terms and conditions of the agreements herein
contained shall be as prescribed herein or by general law, or, as to that part
of the security in which a security interest may be perfected under the Code, by
the specific statutory consequences now or hereafter enacted and specified in
the Code, all at the Collateral Agent's sole election.

         THE FOLLOWING PROVISIONS SHALL ALSO CONSTITUTE AN INTEGRAL PART OF THIS
         MORTGAGE:

         SECTION 1. Payment of Taxes on the Mortgage. Mortgagor agrees that, if
the government of the United States or any department, agency or bureau thereof
or if the State or any of its subdivisions having jurisdiction shall at any time
require documentary stamps to be affixed to this Mortgage or shall levy, assess,
or charge any tax, assessment or imposition upon this Mortgage or the credit or
indebtedness secured hereby or the interest of any Secured Party in the Premises
or upon any Secured Party by reason of or as holder of any of the foregoing
then, Mortgagor shall pay for such documentary stamps in the required amount and
deliver them to the

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Collateral Agent or pay (or reimburse the Collateral Agent for) such taxes,
assessments or impositions. Mortgagor agrees to exhibit to the Collateral Agent,
at any time upon request, official receipts showing payment of all taxes,
assessments and charges which Mortgagor is required or elects to pay under this
paragraph. Mortgagor agrees to indemnify each Secured Party against liability on
account of such documentary stamps, taxes, assessments or impositions, whether
such liability arises before or after payment of the Obligations Secured and
regardless of whether this Mortgage shall have been released.

         SECTION 2. Leases Affecting the Real Property. Mortgagor agrees
faithfully to perform all of its obligations under all present and future Leases
as additional security and refrain from any action or inaction which would
result in termination of any such Leases or in the diminution of the value
thereof or of the Rents due thereunder. All future lessees under any Lease made
after the date of recording of this Mortgage shall, at the Collateral Agent's
option and without any further documentation, attorn to the Collateral Agent as
lessor if for any reason the Collateral Agent becomes lessor thereunder, and,
upon demand, pay rent to the Collateral Agent, and the Collateral Agent shall
not be responsible under such Lease for matters arising prior to the Collateral
Agent becoming lessor thereunder; provided, however, the Collateral Agent shall
not become lessor or obligated as lessor under any such Leases unless or until
it shall elect in writing to do so.

         SECTION 3. Use of the Real Property. Mortgagor agrees that it shall not
permit the public to use the Real Property in any manner that might tend, in the
Collateral Agent's reasonable judgment, to impair Mortgagor's title to such
property or any portion thereof, or to make possible any claim of easement by
prescription. Mortgagor further covenants that it shall not record or permit to
be recorded a subdivision plat involving the Land without the prior written
consent of the Collateral Agent, which shall not be unreasonably withheld.

         Mortgagor represents and warrants to the Collateral Agent as of the
date hereof, and covenants to the Collateral Agent so long as this Mortgage
shall be in effect, that (i) all permits and licenses required for the use and
operation of the Mortgaged Property have been obtained and are in full force and
effect, (ii) all utility services necessary for the use and operation of the
Mortgaged Property are in place, (iii) there is vehicular and pedestrian access
to the Mortgaged Property from public thoroughfares appropriate to the use of
the Mortgaged Property and (iv) except as disclosed to the Collateral Agent in
writing, the Mortgaged Property is free from loss or damage due to the effect of
casualty or condemnation. The Mortgagor shall not permit any legal or economic
waste to occur with respect to the Mortgaged Property.

         SECTION 4. Indemnification. Mortgagor shall not use or permit the use
of any part of the Real Property for an illegal purpose, including, without
limitation, the violation of any environmental laws, statutes, codes,
regulations or practices. Without limiting, but in addition to and in
furtherance of, any indemnification Mortgagor has granted in any Credit
Document,

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Mortgagor agrees to indemnify, defend (with counsel reasonably acceptable to
the Collateral Agent) and hold harmless each Secured Party from and against any
and all losses, suits, fines, damages, judgments, penalties, claims, charges,
costs and expenses (including reasonable attorneys' and paralegals' fees, court
costs and disbursements) which may be imposed on, incurred or paid by or
asserted against the Real Property by reason or on account of or in connection
with any of the following events which occur prior to the date upon which the
Collateral Agent causes Mortgagor to be removed from possession of the Real
Property and (a) the Collateral Agent takes possession of the Real Property for
the account of the Secured Parties or (b) the Collateral Agent causes possession
of the Real Property to be delivered to a third party, either through a mortgage
foreclosure action or otherwise: (i) the construction, reconstruction or
alteration of the Real Property, (ii) any negligence or misconduct of Mortgagor,
any lessee of the Real Property, or any of their respective agents, contractors,
subcontractors, servants, employees, licensees or invitees, (iii) any accident,
injury, death or damage to any person or property occurring in, on or about the
Real Property or any street, drive, sidewalk, curb or passageway adjacent
thereto, or (iv) any other transaction arising out of or in any way connected
with the Mortgaged Property.

         SECTION 5. Insurance. Mortgagor shall, at its sole expense, maintain
for the benefit of the Collateral Agent, until the Obligations Secured are paid
in full, insurance policies (a) in such amounts, with such coverage and with
such insurers as are typically maintained by prudent owners of property such as
the Mortgaged Property or (b) as the Collateral Agent shall otherwise reasonably
require. All liability insurance policies so maintained shall name the
Collateral Agent as an additional insured. All casualty and similar policies so
maintained shall name the Collateral Agent as loss payee. So long as no Event of
Default exists, Mortgagor may adjust any casualty loss and receive and retain
any proceeds of any such loss. At any time an Event of Default exists, the
Collateral Agent shall have the sole and exclusive right to adjust any casualty
loss and proceeds of any such loss shall be paid directly to the Collateral
Agent to be applied as provided in Section 9 of this Mortgage.

         SECTION 6. Real Property Taxes. Mortgagor covenants and agrees to pay
before due all real property taxes, assessments, ground rent, if any, water and
sewer rents, fees and charges, levies, permit, inspection and license fees and
other dues, charges or impositions, including all charges and license fees for
the use of vaults, chutes and similar areas adjoining the Land, maintenance and
similar charges and charges for utility services, in each instance whether now
or in the future, directly or indirectly, levied, assessed or imposed on the
Mortgaged Property or Mortgagor and whether levied, assessed or imposed as
excise, privilege or property taxes ("Property Taxes"). Notwithstanding the
foregoing, in connection with the protest or appeal of Property Taxes, Mortgagor
may defer the payment of Property Taxes during the pendency of any such protest
or appeal so long as (a) reserves or a bond adequate for the payment of such
Property Taxes together with possible penalties and interest is maintained and
(b) there shall at no time be any possibility of a tax sale of any portion of
the Mortgaged Property or a forfeiture thereof. Mortgagor shall inform the
Collateral Agent in writing of any delay in the payment of Property Taxes in
connection with such protest or appeal and, in the event that the Collateral
Agent shall reasonably determine that the lien created by the Mortgage is
insecure, Mortgagor

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shall take such steps (including payment of Property Taxes under protest) as the
Collateral Agent shall reasonably require.

         SECTION 7. Condemnation Awards. Mortgagor hereby assigns to the
Collateral Agent, as additional security, all awards of damage resulting from
condemnation proceedings or the taking of or injury to the Real Property for
public use. So long as no Event of Default exists, Mortgagor may control any
condemnation proceedings and receive and retain any proceeds of any such
proceedings. At any time an Event of Default exists, the Collateral Agent shall
have the sole and exclusive right to control any such proceedings and proceeds
of any such proceedings shall be paid directly to the Collateral Agent to be
applied as provided in Section 9 of this Mortgage.

         SECTION 8. Remedies. Subject to the provisions of the Credit Agreements
upon the occurrence of an Event of Default under the terms of either the Term
Loan Guaranty Agreement or the Revolving Credit Guaranty Agreement, including,
without limitation, a failure to perform or observe any of the covenants set
forth in this Mortgage that is not cured within any applicable cure period (any
such occurrence or failure being referred to herein as an "Event of Default"),
in addition to any rights and remedies provided for in the Term Loan Guaranty
Agreement or the Revolving Credit Guaranty Agreement, and to the extent
permitted by applicable law, the following provisions shall apply:

                  (a) Collateral Agent's Power of Enforcement. It shall be
         lawful for the Collateral Agent to immediately foreclose this Mortgage
         by judicial action. The court in which any proceeding is pending for
         the purpose of foreclosure of this Mortgage may, at once or at any time
         thereafter, either before or after sale, without notice and without
         requiring bond, and without regard to the solvency or insolvency of any
         person liable for payment of the Obligations Secured hereby, and
         without regard to the then value of the Mortgaged Property or the
         occupancy thereof as a homestead, appoint a receiver (the provisions
         for the appointment of a receiver and assignment of rents being an
         express condition upon which the Obligations Secured hereby were
         created) for the benefit of the Secured Parties, with power to collect
         the Rents, due and to become due, during such foreclosure suit and the
         full statutory period of redemption notwithstanding any redemption. The
         receiver, out of the Rents when collected, may pay costs incurred in
         the management and operation of the Real Property, prior and
         subordinate liens, if any, and taxes, assessments, water and other
         utilities and insurance, then due or thereafter accruing, and may make
         and pay for any necessary repairs to the Real Property, and may pay all
         or any part of the Obligations Secured or other sums secured hereby or
         any deficiency decree entered in such foreclosure proceedings. Upon or
         at any time after the filing of a suit to foreclose this Mortgage, the
         court in which such suit is filed shall have full power to enter an
         order placing the Collateral Agent in possession of the Real Property
         with the same power granted to a receiver pursuant to this subparagraph
         and with all other rights and privileges of a mortgagee-in possession
         under applicable law.

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                  (b) Mortgagee's Right to Enter and Take Possession, Operate
         and Apply Income. The Collateral Agent shall, at its option, have the
         right, acting through its agents or attorneys or a receiver, to the
         extent permitted by and in accordance with applicable law, to enter
         upon and take possession of the Real Property, expel and remove any
         persons, goods, or chattels occupying or upon the same, to collect or
         receive all the Rents, and to manage and control the same, and to lease
         the same or any part thereof, from time to time, and, after deducting
         all reasonable attorneys' fees and expenses, and all reasonable
         expenses incurred in the protection, care, maintenance, management and
         operation of the Real Property, distribute and apply the remaining net
         income in such order and to such of the Obligations Secured as the
         Collateral Agent may determine in its sole discretion or in accordance
         with any deficiency decree entered in any foreclosure proceedings.

         SECTION 9. Application of the Rents or Proceeds from Foreclosure or
Sale. In any foreclosure of this Mortgage by judicial action, in addition to any
of the terms and provisions of the Credit Agreement, there shall be allowed (and
included in the decree for sale in the event of a foreclosure by judicial
action) to be paid out of the Rents or the proceeds of such foreclosure
proceeding and/or sale:

                  (a) Obligations Secured. All of the Obligations Secured and
         other sums secured hereby which then remain unpaid; and

                  (b) Other Advances. All other items advanced or paid by the
         Collateral Agent pursuant to this Mortgage (collectively, "Other
         Advances"); and

                  (c) Costs, Fees and Other Expenses. All court costs,
         reasonable attorneys' and paralegals' fees and expenses, appraiser's
         fees, environmental audit, testing and survey fees, advertising costs,
         filing fees and transfer taxes, notice expenses, expenditures for
         documentary and expert evidence, stenographer's charges, publication
         costs, and costs (which may be estimated as to items to be expended
         after entry of the decree) of procuring all abstracts of title, title
         searches and examinations, title guarantees, title insurance policies,
         Torrens certificates and similar data with respect to title which the
         Collateral Agent in the reasonable exercise of its judgment may deem
         necessary (collectively, "Costs, Fees and Expenses") shall become
         additional Obligations Secured hereby when paid or incurred by the
         Collateral Agent in connection with any proceedings, including but not
         limited to probate and bankruptcy proceedings, to which any Secured
         Party shall be a party, either as plaintiff, claimant or defendant, by
         reason of this Mortgage or any indebtedness hereby secured or in
         connection with the preparations for the commencement of any suit for
         the foreclosure, whether or not actually commenced, or sale by
         advertisement. The proceeds of any sale shall be distributed and
         applied in the following order unless a court of competent jurisdiction
         shall otherwise direct:

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                        (1) FIRST, to payment of all Costs, Fees and Expenses,
               Other Advances and other reasonable costs and expenses of the
               Collateral Agent incurred in connection with the collection and
               enforcement of the Obligations Secured or of the lien granted to
               the Collateral Agent pursuant to this Mortgage;

                        (2) SECOND, to payment of that portion of the
               Obligations Secured constituting accrued and unpaid interest and
               fees, pro rata among the Secured Parties in accordance with the
               amount of such accrued and unpaid interest and fees owing to each
               of them;

                        (3) THIRD, to payment of the principal of the
               Obligations Secured, pro rata among the Secured Parties in
               accordance with the amount of such principal owing to each of
               them;

                        (4) FOURTH, to payment of any Obligations Secured (other
               than those listed above) pro rata among the Secured Parties in
               accordance with the amounts owing to them; and

                        (5) FIFTH, the balance if any, after all of the
               Obligations Secured have been satisfied to Mortgagor or to
               whosoever may be lawfully entitled to receive them; provided that
               prior to the Termination Date (as defined herein) such balance
               may, in the sole discretion of the Collateral Agent, be held by
               the Collateral Agent as additional collateral security for the
               Obligations Secured to be applied at any time thereafter pursuant
               to this Section 9.

         SECTION 10. Cumulative Remedies; Delay or Omission Not a Waiver. Each
remedy or right of the Collateral Agent shall not be exclusive of but shall be
in addition to every other remedy or right now or hereafter existing at law or
in equity. No delay or postponement in the exercise or omission to exercise any
remedy or right accruing on the occurrence or existence of any Event of Default
shall impair any such remedy or right or be construed to be a waiver of any such
Event of Default or acquiescence therein, nor shall it affect any subsequent
Event of Default of the same or different nature. Every such remedy or right may
be exercised concurrently or independently and when and as often as may be
deemed expedient by the Collateral Agent.

         SECTION 11. Collateral Agent's Remedies against Multiple Parcels. If
more than one property, lot or parcel is covered by this Mortgage, and if this
Mortgage is foreclosed upon, or judgment is entered upon any Obligations Secured
hereby, or if Collateral Agent exercises its power of sale, execution may be
made upon or the Collateral Agent may exercise its power of sale against any one
or more of the properties, lots or parcels and not upon the others, or upon all
of such properties or parcels, either together or separately, and at different
times or at the same time, and execution sales or sales by advertisement may
likewise be conducted separately or concurrently, in each case at the Collateral
Agent's election.

                                       11

<PAGE>

         SECTION 12. No Merger. In the event of a foreclosure of this Mortgage
or any other mortgage or trust deed securing the Obligations Secured, the
Obligations Secured then due the Collateral Agent shall, at the Collateral
Agent's option, not be merged into any decree of foreclosure entered by the
court, and the Collateral Agent may concurrently or subsequently seek to
foreclose one or more mortgages or deeds of trust which also secure said
Obligations Secured.

         SECTION 13. Notices. All notices and other communications provided to
any party hereto under this Mortgage shall be in writing and shall be given in
the manner, within the time periods and to the addressees identified in the
Revolving Credit Guaranty Agreement.

         SECTION 14. Extension of Payments. Mortgagor agrees that, without
affecting the liability of any person for payment of the Obligations Secured
hereby or affecting the lien of this Mortgage upon the Mortgaged Property or any
part thereof (other than persons or property explicitly released as a result of
the exercise by the Collateral Agent of its rights and privileges hereunder),
the Collateral Agent may at any time and from time to time, on request of the
Mortgagor, without notice to any person liable for payment of any Obligations
Secured, but otherwise subject to the provisions of the Term Loan Guaranty
Agreement and the Revolving Credit Guaranty Agreement, extend the time, or agree
to alter or amend the terms of payment of such Obligations Secured. Mortgagor
further agrees that any part of the security herein described may be released
with or without consideration without affecting the remainder of the Obligations
Secured or the remainder of the security.

         SECTION 15. Governing Law. Mortgagor agrees that this Mortgage is to be
construed, governed and enforced in accordance with the laws of the State.
Wherever possible, each provision of this Mortgage shall be interpreted in such
manner as to be effective and valid under applicable law, but if any provision
of this Mortgage shall be prohibited by or invalid under applicable law, such
provision shall be ineffective only to the extent of such prohibition or
invalidity, without invalidating the remainder of such provision or the
remaining provisions of this Mortgage.

         SECTION 16. Satisfaction of Mortgage. Upon (a) the date on which all
the Obligations Secured have been paid in full and all commitments to make
loans, issue letters of credit or otherwise extend credit pursuant to the Term
Loan Agreement or the Revolving Credit Agreement have been terminated (the
"Termination Date"), or (b) a Permitted Asset Sale with respect to the Mortgaged
Property then, upon demand therefor following the Termination Date or such
Permitted Asset Sale, a satisfaction of mortgage or reconveyance of the
Mortgaged Property shall promptly be provided by the Collateral Agent to
Mortgagor.

         SECTION 17. Successors and Assigns Included in Parties. This Mortgage
shall be binding upon the Mortgagor and upon the successors, assigns and vendees
of Mortgagor and shall inure to the benefit of the Secured Parties and their
respective successors, transferees and assigns; all references herein to the
Mortgagor and to the Collateral Agent shall be deemed to include their
respective successors, transferees and assigns. Without limiting the foregoing,
any Secured Party may assign or otherwise transfer all or any portion of the
Obligations Secured held

                                       12

<PAGE>

by it to any other Person, and such other Person shall thereupon become vested
with all of the rights and benefits thereof granted to such Secured Party under
this Mortgage or otherwise, subject, however, to any contrary provisions in such
assignment or transfer, and to the applicable provisions of the Term Loan
Agreement or the Revolving Credit Agreement. Mortgagor's successors and assigns
shall include, without limitation, a receiver, trustee or debtor in possession
of or for Mortgagor. Wherever used, the singular number shall include the
plural, the plural shall include the singular, and the use of any gender shall
be applicable to all genders.

         SECTION 18. WAIVER OF APPRAISEMENT, VALUATION, STAY, EXTENSION AND
REDEMPTION LAWS. Mortgagor agrees, to the full extent permitted by law, that at
all times following an Event of Default, neither Mortgagor nor anyone claiming
through or under it shall or will set up, claim or seek to take advantage of any
appraisement, valuation, stay, homestead or extension laws now or hereafter in
force, in order to prevent or hinder the enforcement or foreclosure of this
Mortgage or the absolute sale of the Mortgaged Property or the final and
absolute putting into possession thereof, immediately after such sale, of the
purchaser thereat; and Mortgagor, for itself and all who may at any time claim
through or under it, hereby waives, to the full extent that it may lawfully so
do, the benefit of all such laws and any and all right to have the assets
comprising the Mortgaged Property marshaled upon any foreclosure of the lien
hereof and agrees that the Collateral Agent or any court having jurisdiction to
foreclose such lien may sell the Mortgaged Property in part or as an entirety.
To the full extent permitted by law, Mortgagor hereby irrevocably waives any and
all statutory or other rights of reinstatement or redemption from sale under any
order or decree of foreclosure of this Mortgage, on its own behalf and on behalf
of each and every person acquiring any interest in or title to the Mortgaged
Property subsequent to the date hereof. Mortgagor further waives, to the full
extent it may lawfully do so, all statutory or other rights in its favor,
limiting concurrent actions to foreclose this Mortgage and exercising other
rights with respect to the Obligations Secured, including, without limitation,
any right vested in Mortgagor or any affiliate to limit the right of the
Collateral Agent to pursue or commence concurrent actions against Mortgagor or
any such affiliate or any property owned by any one or more of them.

         SECTION 19. Interpretation with Other Documents. Notwithstanding
anything in this Mortgage to the contrary, in the event of a conflict or
inconsistency between the Mortgage and the Term Loan Guaranty Agreement or the
Revolving Credit Guaranty Agreement, the provisions of the Term Loan Guaranty
Agreement or the Revolving Credit Guaranty Agreement shall govern.

         SECTION 20. Future Advances. This Mortgage is given for the purpose of
securing loan advances and other extensions of credit which the Secured Parties
have made and may make to or for the benefit of the Borrower pursuant and
subject to the terms and provisions of the Credit Agreements. The parties hereto
intend that, in addition to any other debt or obligation secured hereby, this
Mortgage shall secure unpaid balances of loan advances and other extensions of
credit made after this Mortgage is recorded in Lawrence County, Ohio, whether
made pursuant to an obligation of the Secured Parties or otherwise, and in such
event, such advances shall be secured to the same extent as if such future
advances were made on the date hereof, although

                                       13

<PAGE>
there may be no advance made at the time of execution hereof, although there may
be no indebtedness outstanding at the time any advance is made and although such
advances may from time to time be repaid to a zero balance and thereafter
readvanced. Such loan advances may or may not be evidenced by guarantees or
notes executed pursuant to the Term Loan Agreement or the Revolving Credit
Agreement.

         SECTION 21. Invalid Provisions to Affect No Others. In the event that
any of the covenants, agreements, terms or provisions contained in this Mortgage
shall be invalid, illegal or unenforceable in any respect, the validity of the
remaining covenants, agreements, terms or provisions contained herein or in the
Term Loan Guaranty Agreement or the Revolving Credit Guaranty Agreement shall
not be in any way affected, prejudiced or disturbed thereby. In the event that
the application of any of the covenants, agreements, terms or provisions of this
Mortgage is held to be invalid, illegal or unenforceable, those covenants,
agreements, terms and provisions shall not be in any way affected, prejudiced or
disturbed when otherwise applied.

         SECTION 22. Changes. Neither this Mortgage nor any term hereof may be
changed, waived, discharged or terminated orally, or by any action or inaction,
but only by an instrument in writing signed by the party against which
enforcement of the change, waiver, discharge or termination is sought. To the
extent permitted by law, any agreement hereafter made by Mortgagor and the
Collateral Agent relating to this Mortgage shall be superior to the rights of
the holder of any intervening lien or encumbrance.

         SECTION 23. CONSENT TO JURISDICTION; WAIVER OF IMMUNITIES. THE
Mortgagor hereby acknowledges and agrees that:

         (a) It irrevocably submits to the jurisdiction of any state or federal
court sitting in the State, in any action or proceeding arising out of or
relating to this Mortgage, and the Mortgagor hereby irrevocably agrees that all
claims in respect of such action or proceeding may be heard and determined in
such State's state or federal court. The Mortgagor hereby irrevocably waives, to
the fullest extent it may effectively do so, the defense of an inconvenient
forum to the maintenance of such action or proceeding. The Mortgagor hereby
irrevocably consents to the service of any and all process in any such action or
proceeding by the mailing of copies of such process to the Mortgagor at its
address provided in Section 13 of this Mortgage along with a copy to the
addressees provided in such Section (if any). The Mortgagor agrees that a final
judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law.

         (b) Nothing in this Section shall affect the right of the Collateral
Agent to serve legal process in any other manner permitted by law or affect the
right of the Collateral Agent to bring any action or proceeding against the
Mortgagor or its property in the courts of any other jurisdiction.

         (c) To the extent that the Mortgagor has or hereafter may acquire any
immunity from the jurisdiction of any court or from any legal process (whether
through service or notice,

                                       14
<PAGE>

attachment prior to judgment, attachment in aid of execution, execution or
otherwise) with respect to itself or its property, the Mortgagor hereby
irrevocably waives such immunity in respect of its obligations under this
Mortgage.

         (d) To the extent required by law, for effectiveness, to the extent
that any provision of either Credit Agreement is referred to in this instrument,
such provision of such Credit Agreement is hereby incorporated by reference.

         SECTION 24. Time of Essence. Time is of the essence with respect to the
provisions of this Mortgage.

         SECTION 25. No Strict Construction. The parties hereto have
participated jointly in the negotiation and drafting of this Mortgage. In the
event an ambiguity or question of intent or interpretation arises, this Mortgage
shall be construed as if drafted jointly by the parties hereto and no
presumption or burden of proof shall arise favoring or disfavoring any party by
virtue of the authorship of any provisions of this Mortgage.

         SECTION 26. Collateral Agent's Right to Appear. The Collateral Agent
shall have the right to appear in and defend any legal proceeding brought
regarding the Mortgaged Property and to bring any legal proceeding, in the name
and on behalf of Mortgagor or in the Collateral Agent's name, that the
Collateral Agent, in its sole discretion, determines should be brought to
protect the Collateral Agent's or the Secured Parties' interest in the Mortgaged
Property.

         SECTION 27. Savings Clause. Any provision of this Mortgage which is
prohibited or unenforceable in any jurisdiction, will, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction will not invalidate or render unenforceable
such provision in any other jurisdiction.

         SECTION 28. Fraudulent Conveyance Limitation. Anything else in this
Mortgage notwithstanding, the grant by the Mortgagor hereunder of a mortgage,
security interest or other Lien in the Mortgaged Property shall secure the
Obligations Secured only for the maximum amount that can be incurred without
rendering this Mortgage void or voidable under applicable laws relating to
fraudulent obligations, fraudulent conveyance or fraudulent transfer, and not
for any greater amount.

                     BALANCE OF PAGE IS INTENTIONALLY BLANK

                                       15

<PAGE>

         IN WITNESS WHEREOF, this instrument is executed as of the day and year
first above written by the person or persons identified below on behalf of
Mortgagor (and said person or persons hereby represent that they possess full
power and authority to execute this instrument).

         THE MORTGAGOR HEREBY DECLARES AND ACKNOWLEDGES THAT THE MORTGAGOR HAS
RECEIVED, WITHOUT CHARGE, A TRUE COPY OF THIS MORTGAGE.

                                     MORTGAGOR:

                                     IRONTON IRON INC.,
                                       an Ohio corporation

                                     By  /s/ Doretha Christoph
                                        ----------------------------
                                     Name: Doretha Christoph
                                          --------------------------
                                     Title: Vice President
                                           -------------------------

                                     By /s/ Michael Skrzypczak
                                        ----------------------------
                                     Name: Michael Skrzypczak
                                          --------------------------
                                     Title: Treasurer
                                           -------------------------

                                          [SEAL]

                                     Signed and acknowledged in the presence of

                                     Witness: /s/ Ronald C. Ryninger, Jr.
                                             -----------------------------
This document was prepared by        Print Name: Ronald C. Ryninger, Jr.
and after recording should be                   --------------------------
returned to:

Jack Edelbrock                       Witness: /s/ Raphael F. Macioce
Mayer, Brown & Platt                         -----------------------------
190 South LaSalle Street
Chicago, Illinois 60603-3441         Print Name: Raphael F. Macioce
                                                --------------------------

                                       16
<PAGE>

STATE OF    ) MICHIGAN
            ) SS.
COUNTY OF   ) OAKLAND

         On this 15th day of August 2001, before me appeared Doretha Christoph
to me personally known, who, being by me duly sworn, did say thats she is the
Vice President of Ironton Iron, Inc., a Ohio Corp., and that said instrument was
signed in behalf of said corporation, by authority of its Board of Directors;
and said officer acknowledged said instrument to be the free act and deed of
said corporation.

         IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my
official seal in the County and State aforesaid, the day and year first above
written.

                                        Mary Karjala
                                        ---------------------------
                                        Notary Public

My term expires:  3-12-05
                -------------------

                                       17
<PAGE>

STATE OF    )
            ) SS.
COUNTY OF   )

         On this_______ day of August 2001, before me appeared_____________ to
me personally known, who, being by me duly sworn, did say that he is
the___________________ of____________________, a________________, and that said
instrument was signed in behalf of said corporation, by authority of its Board
of Directors; and said_______________________ acknowledged said instrument to be
the free act and deed of said corporation.

         IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my
official seal in the County and State aforesaid, the day and year first above
written.

                                               --------------------------
                                               Notary Public

 My term expires:
                  ---------------------

                                       18
<PAGE>

                                    EXHIBIT A

                       Legal Description of the Premises

                                       19
<PAGE>
                                   EXHIBIT A
                              (Legal Description)

TRACT 1 - IRONTON IRON COMPANY (Part of Exhibit A, D.B. 516, PG. 299)

         Situate in Section 29, Township 1 North, Range 18 West, City of
         Ironton, Lawrence County, Ohio and being part of the Dayton Malleable
         Iron Company's 4.66 acre tract as recorded in Volume 201, Page 492 of
         the Lawrence County Dead Records and being more particularly bounded
         and described as follows:

         Beginning at an iron pin (set March, 1986) at the intersection of the
         Southerly Right-of-Way Line of Dayton Street and the Easterly
         Right-of-way Line of the Norfolk and Western Railroad.

         Thence, along said Southerly Right-of-way Line of Dayton Street, South
         72 deg. 51' 34" East a distance of 201.32 feet to an iron pin (set
         March, 1986) on the Southeast Line of the aforementioned 4.66 acre
         tract,

         Thence, along said Southeast Line, Southeast Line, South 57 deg. 45'
         26" West, a distance of 170.11 feet to an iron pin (found March, 1986)
         on the aforementioned Easterly Right-of-way Line of the Norfolk and
         Western Railroad,

         Thence, along said right-of-way of the railroad with the are of a curve
         to the right having a radius of 1462.69 feet, delta angle of 6 deg. 10'
         53", tangent length of 78.98 feet, are length of 157.81 feet, and a
         long chord of North 17 deg. 54' 20" West, 157.73 feet to the ORIGINAL
         PLACE OF BEGINNING containing 0.304 acres more or less and subject to
         all legal easements or rights-of-way.

         Being the same premises as described in Exhibit A, Tract 1, Volume 516,
         Page 299 of the Lawrence County Deed Records.

         The above described tract consists of the following;

                  Part of Lawrence County Auditor's Parcel Number 36-026-0100
                  (0.304 acres of 3.64 total acres)

TRACT 2 - IRONTON IRON COMPANY (Part of Exhibit A, D.B. 516, Pg. 299)

         Situate in Section 27, Township 1 North, Range 18 West, City of
         Ironton, Lawrence County, Ohio and being all of Lot 4 and 5 in the
         Second National Bank Addition to the town of Etna as recorded in Volume
         1, Page 254 of the Lawrence County Plat Records and being more
         particularly bounded and described as follows:

         Beginning at a point at the intersection of the Northeasterly
         Right-of-way Line of Third Street and Northeasterly Right-of-way Line
         of Poplar Alley,

         Thence, along said right-of-way of Third Street, North 30 deg. 59' 10"
         West, a distance of

<PAGE>
                               EXHIBIT A (cont'd)
                              (Legal Description)

         50.08 feet (50 feet by plat) to an iron pin (found March, 1986).

         Thence, North 59 deg. 59' 57" East, a distance of 147.48 feet (145.85
         feet by plat) to a P.K. Nail (found March, 1986) on the Southwesterly
         Right-of-way Line of Cedar Alley.

         Thence, along said right-of-way of Cedar Alley, South 29 deg. 07' 26"
         East, a distance of 50.15 feet (50 feet by plat) to a P.K. Nail (found
         March, 1986) at the intersection of said Right-of-way Line of Cedar
         Alley and the aforementioned Right-of-way Line of Poplar Alley.

         Thence, along said right-of-way of Polar Alley, South 60 deg. 01' 38"
         West, a distance of 145.85 feet (144.95 feet by plat) to the ORIGINAL
         PLACE OF BEGINNING containing 0.169 acres more or less and subject to
         all legal easements or right-of-way.

         Being the same premises as described in Exhibit A, Tract 2, Volume 516,
         Page 299 of the Lawrence County Deed Records.

         The above described tract consists of the following:

         The above described tract consists of the following:

         All of Lawrence County Auditor's Parcel Number 36-069-1800

TRACT 3 - IRONTON IRON COMPANY (PART OF EXHIBIT A, D.B. 516 Pg. 299)

         Situate in Section 27 and Section 29, Township 1 North, Range 18 West,
         City of Ironton, Lawrence County, Ohio and being the remainder of the
         Dayton Malleable Ironton Company's tracts as recorded in Volume 312,
         Page 615, Volume 201. Page 492; Volume 222,  Page 526; Volume 395, Page
         594; Volume 168, Page 486; Volume 222. Page 9; Volume 99, Page 614;
         Volume 101, Page 15; Volume 130, Page 141; Volume 269, Page 191; Volume
         294, Page 34; Volume 307, Page 146; and Volume 417, Page 93 of the
         Lawrence County Deed Records and part of the Dayton Malleable Iron
         Company's tract as recorded in Volume 323, Page 606 of the Lawrence
         County Deed Records and being more particularly bounded and described
         as follows:

         Beginning at a "X" chisled in concerts (set March, 1986) at the
         intersection of the Northwesterly Right-of-way Line of Dayton Street
         and the Southwesterly Right-of-way Line of Third Street,

         Thence, along said right-of-way of Dayton Street, South 57 deg. 45' 26"
         West, a distance of 455.89 feet to an iron pin (set March, 1986),
         thence continuing along said right-of-way, North 72 deg. 51' 34" West,
         a distance of 207.16 feet to an iron pin (set March, 1986) on the
         Easterly Right-of-way Line of the Northfolk and Western Railroad,

         Thence, along said railroad right-of-way, North 13 deg. 45' 19" west,
         (North 13 51' West by deed) a distance of 135.26 feet,

         Thence, continuing along said railroad right-of-way with the arc of a
         curve to the left having a radius of 814.37 feet, delta angle of 5 deg.
         12' 00", tangent length of 36.98 feet, are length 73.91 feet, and a
         long chord of North 16 deg. 21' 19" West, 73.89 feet to an iron

<PAGE>
                               EXHIBIT A (cont'd)
                              (Legal Description)

         pin (found March, 1986)

         Thence, continuing along said railroad of right-of-way with the arc of
         a curve to the left having a radius of 1071.50 feet, delta angle of
         10 deg. 59'19", tangent length of 103.07 feet, arc length of 205.50
         feet, and a long chord of North 24 deg. 26'59" West, 205.19 feet to an
         iron pin (found March, 1986).

         Thence, continuing along said railroad right-of-way, North 29 deg.
         26'27" West, (North 31 deg. 15' West by deed) a distance of 229.69 feet
         to a railroad spike (set March, 1986),

         Thence, continuing along said railroad right-of-way, South 59 deg.
         59'06" West, (South 58 deg. 41' West by Deed) a distance of 22.76 feet
         to an iron pin (set March, 1986),

         Thence, continuing along said railroad right-of-way, North 30 deg.
         00'12" West, (North 31 deg. 18'20" West by deed) a distance of 509.46
         feet to an iron pin (Set March, 1986),

         Thence continuing along said railroad right-of-way, North 28 deg.
         17'52" West, (North 29 deg. 36' west by deed) a distance of 198.48 feet
         to a T. Rail (found March, 1986),

         Thence continuing along said railroad right-of-way, North 61 deg.
         56'03" East, (North 60 deg. 37'55" East by deed) a distance of 30.91
         feet,

         Thence, continuing along said railroad right-of-way, North 18 deg.
         57'52" West, (North 20 deg. 16' West by deed) a distance of 222.92 feet
         to an iron pin, (set March, 1986),

         Thence, continuing along said railroad right-of-way, North 59 deg.
         59'08" East, (North 58 deg. 41' East by deed) a distance of 6.10 feet,

         Thence, continuing along said railroad right-of-way, North 30 deg.
         10'52" West, (North 31 deg. 29' West by deed) a distance of 73.05 feet
         to an iron pin (set March, 1986),

         Thence, continuing along said railroad right-of-way, North 30 deg.
         26'00" West, (North 30 deg. 34' West by deed) a distance of 64.20 feet
         to an iron pin (set March, 1986),

         Thence, North 59 deg. 45'49" East, a distance of 162.26 feet to a P.K.
         Nail (found March, 1986),

         Thence, North 30 deg. 36'22" west, a distance of 58.03 feet to a Rail
         road spike (set March, 1986) on the face of the Southeasterly wall
         (extended) of Building Number 57,

         Thence, along the face of said wall North 59 deg. 18'32" East, a
         distance of 199.00 feet to the corner of said building,

         Thence along the face of the Northeasterly wall of said building North
         30 deg. 41'28" West, a distance of 48.82 feet to the corner of said
         building,

         Thence, along the face of the Northwesterly wall of said building South
         59 deg. 18'32" West, a distance of 170.39 feet,

         Thence, North 32 deg. 18'47" West, a distance of 47.08 feet to a metal
         fence post,
<PAGE>
                               EXHIBIT A (cont'd)
                              (Legal Description)

         Thence, North 65 deg. 19' 16" West, a distance of 47.64 feet to a P.K.
         Nail (found March, 1986),

         Thence, North 75 deg. 52' 45" West, a distance of 37.92 feet to a metal
         post filled with concrete,

         Thence, South 58 deg. 05' 37" West, a distance of 95.90 feet to an iron
         pin (found March, 1986), on the aforementioned Easterly Right-of-way
         Line of the Norfolk and Western Railroad,
         Thence, along said railroad right-of-way, North 31 deg. 07' 49" West
         (North 30 deg. 39" West by deed), a distance of 496.49 feet to an iron
         pin (found March, 1986),

         Thence, North 58 deg. 40' 50" East (North 58 deg. 51' East by deed), a
         distance of 167.71 feet to an iron pin (set March, 1986),

         Thence, South 30 deg. 59' 10" East (South 30 deg. 49' East by deed), a
         distance of 200.00 feet to an iron pin (set March, 1986),

         Thence, North 59 deg. 00' 50" East (North 59 deg. 11' East by deed), a
         distance of 10.00 feet to an iron pin (set March, 1986),

         Thence, South 30 deg. 59' 10" East (South 30 deg. 49' East by deed), a
         distance of 60.00 feet to an iron pin (set March, 1986),

         Thence, North 59 deg. 00' 50" East (North 59 deg. 11' East by deed), a
         distance of 171.72 feet to an "X" chisled in a concrete sidewalk (set
         March, 1986) on the aforementioned Southwesterly Right-of-way Line of
         Third Street,

         Thence, long said right-of-way, South 30 deg. 59' 10" East (South 30
         deg. 49' East by deed), a distance of 1008.85 feet to an "X" chisled in
         a concrete sidewalk (set March, 1986),

         Thence, continuing along said right-of-way, South 32 deg. 38' 38" East
         (South 33 deg. 15' East by deed), a distance of 748.32 feet to a
         railroad spike (set March, 1986) on the Northwesterly Right-of-way Line
         of Dayton Lane,

         Thence, along said Right-of-way of Dayton Lane, South 56 deg. 49' 41"
         West, a distance of 192.02 feet,

         Thence, South 29 deg. 07' 29" East, a distance of 24.06 feet to a point
         on the Southeasterly Right-of-way Line of Dayton Lane,

         Thence, along said right-of-way of Dayton Lane, North 56 deg. 49' 41"
         East, a distance of 193.50 feet to an iron pin (found March, 1986) on
         the aforementioned right-of-way of Third Street,

         Thence, along said right-of-way of Third Street, South 32 deg. 38' 38"
         East (South 33 deg. 15' East by deed), a distance of 333.02 feet to an
         iron pin (set March, 1986),

         Thence, continuing along said right-of-way, South 32 deg. 15' 32" East
         (South 32 deg. 14'
<PAGE>
                               EXHIBIT A (cont'd)
                              (Legal Description)

     34" East by deed), a distance of 180.11 feet to the ORIGINAL PLACE OF
     BEGINNING and passing an iron pin (found March, 1986) at 66.77 feet and a
     stone (found March, 1986) at 80.04 feet, containing 24,299 acres more or
     less and subject to all legal easements or rights-of-way.

     Being the same premises as described Exhibit A, Tract 3, Volume 516, Page
     299 of the Lawrence County Deed Records.

     The above described tract consists of the following:

     Part of Lawrence County Auditor's Parcel Number 36-019-1200 (0.69 acres of
     1.35 total acres)

     Part of Lawrence County Auditor's Parcel Number 36-019-1300 (0.14 acres of
     0.28 total acres)

     All of Lawrence County Auditor's Parcel Number 36-019-1400
     All of Lawrence County Auditor's Parcel Number 36-019-1500
     All of Lawrence County Auditor's Parcel Number 36-019-1800
     All of Lawrence County Auditor's Parcel Number 36-019-1900
     All of Lawrence County Auditor's Parcel Number 36-020-0100
     All of Lawrence County Auditor's Parcel Number 36-020-0200
     All of Lawrence County Auditor's Parcel Number 36-020-0300
     All of Lawrence County Auditor's Parcel Number 36-020-0400
     All of Lawrence County Auditor's Parcel Number 36-020-0500
     All of Lawrence County Auditor's Parcel Number 36-020-0600
     All of Lawrence County Auditor's Parcel Number 36-020-0700
     All of Lawrence County Auditor's Parcel Number 36-020-0800
     All of Lawrence County Auditor's Parcel Number 36-020-0900
     All of Lawrence County Auditor's Parcel Number 36-020-1000
     All of Lawrence County Auditor's Parcel Number 36-020-1100
     All of Lawrence County Auditor's Parcel Number 36-020-1200

     Part of Lawrence County Auditor's Parcel Number 36-022-0900 (2.211 acres of
     2.238 total acres)

     All of Lawrence County Auditor's Parcel Number 36-022-1000
     All of Lawrence County Auditor's Parcel Number 36-022-1100
     All of Lawrence County Auditor's Parcel Number 36-025-1800

     Part of Lawrence County Auditor's Parcel Number 36-026-0100 (3.336 acres of
     3.64 total acres)

     All of Lawrence County Auditor's Parcel Number 36-026-0300
     All of Lawrence County Auditor's Parcel Number 36-026-0500
     All of Lawrence County Auditor's Parcel Number 36-026-0700
     All of Lawrence County Auditor's Parcel Number 36-037-0100
     All of Lawrence County Auditor's Parcel Number 36-043-0100
     All of Lawrence County Auditor's Parcel Number 36-043-0200
<PAGE>
                               EXHIBIT A (Cont'd)
                              (Legal Description)

TRACT 4 - AMCAST INDUSTRIAL CORPORATION - PEERLESS DIVISION

         Situate in Section 27, Township 1 North, range 18 West, City of
         Ironton, Lawrence County, Ohio and being the remainder of the Dayton
         Malleable Iron Company's 5.4 acre tract as recorded in Volume 323, Page
         606 of the Lawrence county Deed Records and being more particularly
         bounded and described as follows:

         Commencing at the intersection of the Southwesterly right-of-way line
         of Third Street and the Northwesterly right-of-way line of Dayton
         Street (Dedicated Ordinance #5173, 1965).

         Thence following along the southwesterly right-of-way line of Third
         Street, North 32 deg. 15' 32" West, 180.11 feet to a point,

         Thence continuing along the southwesterly right-of-way line of Third
         Street, North 32 deg. 38' 38" West, 1005.34 feet to a point,

         Thence, continuing along the Southwesterly right-of-way line of Third
         Street, North 30 deg. 59' 10" West, 678.63 feet to the intersection of
         said right-of-way line of Third Street and the centerline of a 40 feet
         wide casement.

         Thence, following along the centerline of said casement, South 59 deg.
         18' 32" West, 198.43 feet to the True Point of Beginning.

         Thence, South 32 deg. 18' 47" East, 20.01 feet to a point on the
         Northwesterly wall of Building Number 57,

         Thence, along the face of the Northwesterly wall of said building,
         North 58 deg. 18' 32" East, 170.39 feet to the corner of said building,

         Thence along the face of the Northeasterly wall of said building, South
         30 deg. 41' 28" East, 48.82 feet to the corner of said building,

         Thence, along the face of the Southeasterly wall of said building,
         South 59 deg. 18' 32" West, passing a Railroad spike (Set, March, 1986)
         at 197.22 feet, a total distance of 199.00 feet to a point on the
         extension of said wall.

         Thence, South 30 deg. 36' 22" East, 58.03 feet to a P.K. Nail (found
         March, 1986),

         Thence, South 59 deg. 45' 49" West, 162.26 feet to an Iron pin, (Set
         March, 1986) in the Easterly Right-of-way line of the Norfolk &
         Southern Railroad,

         Thence, along said railroad right-of-way, North 30 deg. 26' 00" West
         (North 30 deg. 34' West by deed) 134.79 feet,

<PAGE>
                               EXHIBIT A (cont'd)
                              (Legal Description)

         Thence, continuing along said railroad right-of-way, North 59 deg. 22'
         50" East, (North 59 deg. 41' East by deed) 40.00 feet to an Iron pin,
         (found March, 1986).

         Thence, continuing along said railroad right-of-way, North 30 deg. 58'
         52" West, (North 30 deg. 41' West by deed) 71.00 feet to an Iron Pin,
         (found March, 1986),

         Thence, continuing along said railroad right-of-way, North 31 deg. 07'
         49" West, (North 30 deg. 39' West by deed) 10.78 feet to an iron pin
         (found March, 1986) on the Easterly Right-of-way line of the Norfolk
         and Southern Railroad, Said iron pin being South 31 deg. 07' 49" East
         (South 30 deg. 39' East by deed) 496.49 feet from the Northwest corner
         of the Dayton malleable Iron Company's 5.4 acre tract as recorded in
         Volume 323, Page 606 of the Lawrence County Deed records.

         Thence, North 58 deg. 05' 37" East, 95.50 feet to a metal post filled
         with concrete,

         Thence, South 75 deg. 52' 45" East, 37.92 feet to a P.K. Nail (found
         March, 1986)

         Thence, South 65 deg. 19' 16" East, 47.64 feet to a metal fence corner
         post,

         Thence, South 32 deg. 18' 47" East, 27.07 feet to the ORIGINAL POINT OF
         BEGINNING containing 0.993 acres more or less and subject to all legal
         casements and rights-of-way.

         Being the same premises as described in Exhibit C, Volume 516, Page
         299 of the Lawrence County Deed Records.

         The above described tract consists of the following:

         Part of Lawrence County Auditor's Parcel Number 36-019-1200 (0.66 acres
         of 1.35 total acres)

         Part of Lawrence County Auditor's Parcel Number 36-019-1300 (0.14 acres
         of 0.28 total acres)

         Part of Lawrence County Auditor's Parcel Number 36-022-0900 (0.27 acres
         of 2.238 total acres)

         All of Lawrence County Auditor's Parcel Number 36-022-1200
<PAGE>
                               EXHIBIT A (cont'd)
                              (Legal Description)

          A 40 foot wide easement for ingress to and egress from the tract
          described on Exhibit C to this Deed, being more particularly described
          as follows:

          Commencing, at the intersection of the Southeasterly right-of-way line
          of Third Street and the Northwesterly right-of-way line of Dayton
          Street (Dedicated Ordinances #5173, 1965)

          Thence, following along the  Southwesterly right-of-way line of
          Third Street, North 32 deg. 15' 32" West, 180.11 feet to a point,

          Thence, continuing along the Southwesterly right-of-way line of Third
          Street, North 32 deg. 38' 38" West, 1105.34 feet to a point,

          Thence, continuing along the Southwesterly right-of-way line of Third
          Street, North 30 deg. 59' 10" West, 678.63 feet to the intersection of
          said right-of-way line of Third Street and the centerline of the
          herein described easement, and the TRUE PLACE OF BEGINNING of said
          easement,

          Thence, running 20 feet on each side of the following centerline,
          south 59 deg. 18' 32" West, a distance of 198.43 feet to a point on
          the tract described on Exhibit C to this Deed and the END OF BASEMENT.<PAGE>
                                                                  EXHIBIT 4.2(b)

                               GUARANTY AGREEMENT

         This FIRST AMENDED AND RESTATED GUARANTY AGREEMENT (this "Guaranty"),
dated as of July 17,2001, is made by ALEXANDER CITY CASTING COMPANY, INC., a
corporation organized and existing under the laws of the State of Alabama,
CAST-MATIC CORPORATION, a corporation organized and existing under the laws of
the State of Michigan, COLUMBUS FOUNDRY L.P., a limited partnership organized
and existing under the laws of the State of Delaware, DIVERSIFIED DIEMAKERS,
INC, a corporation organized and existing under the laws of the State of
Delaware, GANTON TECHNOLOGIES INC., a corporation organized and existing under
the laws of the State of Illinois, FRISBY P.M.C., INCORPORATED, a corporation
organized and existing under the laws of the State of Illinois, INTERMET HOLDING
COMPANY, a corporation organized and existing under the laws of the State of
Delaware, INTERMET INTERNATIONAL, INC., a corporation organized and existing
under the laws of the State of Georgia, IRONTON IRON INC., a corporation
organized and existing under the laws of the State of Ohio, LYNCHBURG FOUNDRY
COMPANY, a corporation organized and existing under the laws of the Commonwealth
of Virginia, NORTHERN CASTINGS CORPORATION, a corporation organized and existing
under the laws of the State of Georgia, SUDBURY, INC., a corporation organized
and existing under the laws of the State of Delaware, SUDM, INC., a corporation
organized and existing under the laws of the State of Michigan, TOOL PRODUCTS,
INC., a corporation organized and existing under the laws of the State of
Delaware, WAGNER CASTINGS COMPANY, a corporation organized and existing under
the laws of the State of Delaware and WAGNER HAVANA, INC., a corporation
organized and existing under the laws of the State of Delaware, and the other
subsidiaries of Intermet Corporation (the "Borrower") that execute and deliver a
supplement hereto from time to time (the foregoing Persons individually a
"Guarantor" and collectively the "Guarantors"), in favor of THE BANK OF NOVA
SCOTIA, a Canadian chartered bank acting through its Atlanta Agency (in such
capacity, the "Administrative Agent"), in its capacity as administrative and
collateral agent for the banks and other lending institutions parties to the
Term Loan Agreement (as hereinafter defined) and each assignee thereof becoming
a "Lender" as provided therein (the "Lenders"; the Lenders and the
Administrative Agent and their respective Affiliates being collectively referred
to herein as the "Guaranteed Parties").

                                                              Guaranty Agreement
<PAGE>
                              W I T N E S S E T H:

         WHEREAS, the Borrower, the Lenders, the Administrative Agent, Bank One,
Michigan, as Syndication Agent, and SunTrust Bank, as Documentation Agent have
entered into that certain First Amended and Restated Term Loan Agreement dated
as of July 17, 2001 (as the same may hereafter be amended, restated,
supplemented or otherwise modified from time to time, and including all
schedules, riders, and supplements thereto, the "Term Loan Agreement"; terms
defined therein and not otherwise defined herein being used herein as therein
defined);

         WHEREAS, the Borrower owns, directly or indirectly, all or a majority
of the outstanding Capital Securities of each of the Guarantors;

         WHEREAS, the Borrower and Guarantors share an identity of interest as
members of a consolidated group of companies engaged in substantially similar
businesses with the Borrower providing certain centralized financial, accounting
and/or management services to each of the Guarantors;

         WHEREAS, the Guarantors, the Lenders and the Administrative Agent are
parties to two Guaranty Agreements dated as of December 20, 1999 and March 3,
2000 with respect to the Existing Term Loan Agreements (the "Existing Guaranty
Agreements");

         WHEREAS, it is a condition precedent to the effectiveness of the Term
Loan Agreement that Guarantors execute and deliver this Guaranty, and Guarantors
desire to execute and deliver this Guaranty to satisfy such condition precedent;

         WHEREAS, the Guarantors, the Lenders and the Administrative Agent wish
to restate the Existing Guaranty Agreements in their entirety with the terms
contained herein; and

         WHEREAS, the Guarantors intend that this Guaranty not effect a
novation of their obligations under the Existing Guaranty Agreements, but merely
a restatement, and where applicable, an amendment to the terms governing such
obligations.

         NOW, THEREFORE, in consideration of the premises and in order to induce
the Guaranteed Parties to enter into and perform their obligations under the
Term Loan Agreement and the other Credit Documents, the Guarantors hereby
jointly and severally agree that the Existing Guaranty Agreements shall be
amended and restated in their entirety to read as follows:

         SECTION 1. GUARANTY. The Guarantors hereby jointly and severally,
irrevocably and unconditionally, guarantee the punctual payment when due,
whether at stated maturity, by acceleration or otherwise, of all Loans and all
other Obligations owing by the Borrower and its Subsidiaries to the Lenders or
the Administrative Agent or their respective Affiliates, or any of them, under
the Term Loan Agreement, the Notes and the other Credit Documents, including,
without limitation, all renewals, extensions, modifications and refinancings
thereof and all Cash Management Obligations, now or hereafter owing, whether for
principal, interest, fees, expenses

                                                              Guaranty Agreement
<PAGE>

or otherwise, and any and all reasonable out-of-pocket expenses (including
reasonable attorneys' fees actually incurred) and expenses incurred by the
Administrative Agent in enforcing any rights under this Guaranty (the
"Guaranteed Obligations"), including without limitation, all interest which, but
for the filing of a petition in bankruptcy with respect to the Borrower, would
accrue on any principal portion of the Guaranteed Obligations. Any and all
payments by the Guarantors hereunder shall be made free and clear of and without
deduction for any set-off, counterclaim, or withholding so that, in each case,
each Guaranteed Party will receive, after giving effect to any Taxes (as such
term is defined in the Term Loan Agreement, but excluding Taxes imposed on
overall net income of the Guaranteed Party to the same extent as excluded
pursuant to the Term Loan Agreement), the full amount that it would otherwise be
entitled to receive with respect to the Guaranteed Obligations (but without
duplication of amounts for Taxes already included in the Guaranteed
Obligations). The Guarantors acknowledge and agree that this is a guarantee of
payment when due, and not of collection, and that this Guaranty may be enforced
up to the full amount of the Guaranteed Obligations without proceeding against
the Borrower, against any security for the Guaranteed Obligations, against any
other Guarantor or under any other guaranty covering any portion of the
Guaranteed Obligations.

         SECTION 2. GUARANTY ABSOLUTE. The Guarantors guarantee that the
Guaranteed Obligations will be paid strictly in accordance with the terms of the
Credit Documents, regardless of any law, regulation or order now or hereafter in
effect in any jurisdiction affecting any of such terms or the rights of any
Guaranteed Party with respect thereto: The liability of each Guarantor under
this Guaranty shall be absolute and unconditional in accordance with its terms
and shall remain in full force and effect without regard to, and shall not be
released, suspended, discharged, terminated or otherwise affected by, any
circumstance or occurrence whatsoever, including, without limitation, the
following (whether or not such Guarantor consents thereto or has notice
thereof):

                  (a) any change in the time, place or manner of payment of, or
         in any other term of, all or any of the Guaranteed Obligations, any
         waiver, indulgence, renewal, extension, amendment or modification of,
         or addition, consent or supplement to, or deletion from, or any other
         action or inaction under or in respect of, the Term Loan Agreement, the
         other Credit Documents, or any other documents, instruments or
         agreements relating to the Guaranteed Obligations or any other
         instrument or agreement referred to therein or any assignment or
         transfer of any thereof;

                  (b) any lack of validity or enforceability of the Term Loan
         Agreement, the other Credit Documents, or any other document,
         instrument or agreement referred to therein or any assignment or
         transfer of any thereof;

                  (c) any furnishing to the Guaranteed Parties of any additional
         security for the Guaranteed Obligations, or any sale, exchange, release
         or surrender of, or realization on, any security for the Guaranteed
         Obligations;

                                                              Guaranty Agreement
<PAGE>

                  (d) any settlement or compromise of any of the Guaranteed
         Obligations, any security therefor, or any liability of any other party
         with respect to the Guaranteed Obligations, or any subordination of the
         payment of the Guaranteed Obligations to the payment of any other
         liability of the Borrower;

                  (e) any bankruptcy, insolvency, reorganization, composition,
         adjustment, dissolution, liquidation or other like proceeding relating
         to any Guarantor or the Borrower, or any action taken with respect to
         this Guaranty by any trustee or receiver, or by any court, in any such
         proceeding;

                  (f) any nonperfection of any security interest or lien on any
         collateral, or any amendment or waiver of, consent to, or departure
         from, any guaranty or security for all or any of the Guaranteed
         Obligations;

                  (g) any application of sums paid by the Borrower or any other
         Person with respect to the Obligations of the Borrower to the
         Guaranteed Parties, regardless of what Obligations of the Borrower
         remain unpaid;

                  (h) any act or failure to act by any Guaranteed Party which
         may adversely affect a Guarantor's subrogation rights, if any, against
         the Borrower to recover payments made under this Guaranty; and

                  (i) any other circumstance which might otherwise constitute a
         defense available to, or a discharge of, any Guarantor.

If claim is ever made upon any Guaranteed Party for repayment or recovery of any
amount or amounts received in payment or on account of any of the Guaranteed
Obligations, and any Guaranteed Party repays all or part of said amount by
reason of (a) any judgment, decree or order of any court or administrative body
having jurisdiction over such Guaranteed Party or any of its property, or (b)
any settlement or compromise of any such claim effected by such Guaranteed Party
with any such claimant (including the Borrower or a trustee in bankruptcy for
the Borrower), then and in such event the Guarantors agree that any such
judgment, decree, order, settlement or compromise shall be binding on it,
notwithstanding any revocation hereof or the cancellation of the Term Loan
Agreement, the other Credit Documents, or any other instrument evidencing any
liability of the Borrower, and the Guarantors shall be and remain liable to such
Guaranteed Party for the amounts so repaid or recovered to the same extent as if
such amount had never originally been paid to such Guaranteed Party.

         SECTION 3. WAIVER. The Guarantors hereby waive notice of acceptance of
this Guaranty, notice of any Obligations to which it may apply, and further
waive presentment, demand of payment, protest, notice of dishonor or nonpayment
of any such Obligations, suit or taking of other action by the Guaranteed
Parties against, and any other notice to, the Borrower or any other party liable
with respect to the Guaranteed Obligations (including the Guarantors or any
other Person executing a guaranty of the obligations of the Borrower).

                                                              Guaranty Agreement
<PAGE>

         SECTION 4. WAIVER OF SUBROGATION CONTRIBUTION. NO Guarantor will
exercise any rights against the Borrower which it may acquire by way of
subrogation or contribution, by any payment made hereunder or otherwise and each
of the Guarantors hereby expressly waives any claim, right or remedy which the
Guarantors may now have or hereafter acquire against the Borrower that arises
hereunder and/or from the performance by the Guarantors hereunder, including,
without limitation, any claim, right or remedy of any Guaranteed Party against
the Borrower or any security which any Guaranteed Party now has or hereafter
acquires, whether or not such claim, right or remedy arises in equity, under
contract, by statute, under color of law or otherwise unless and until the
Guaranteed Obligations have been indefeasibly paid in full.

         In the event that any Guarantor (the "Funding Guarantor") shall make
any payment or payments under this Guaranty or shall suffer any loss as a
result of any realization upon any collateral granted by it to secure its
obligations hereunder, each other Guarantor (each, a "Contributing Guarantor")
hereby agrees to contribute to the Funding Guarantor an amount equal to such
Contributing Guarantor's pro rata share of such payment or payments made, or
losses suffered, by such Funding Guarantor determined by reference to the ratio
of (a) the dollar amount of the percentage of each such Contributing Guarantor's
Net Assets (without giving effect to any right to receive any contribution or
subrogation or obligation to make any contribution hereunder), to (b) the sum of
the Net Assets of all Guarantors (including the Funding Guarantor) hereunder
(without giving effect to any right to receive contribution or subrogation
hereunder or any obligation to make any contribution hereunder); provided, that
the Contributing Guarantor shall not be obligated to make any such payment to
the Funding Guarantor if the Contributing Guarantor is not solvent at the time
of such contribution or if the Contributing Guarantor would be rendered not
solvent as a result thereof. Nothing in this Section shall affect each
Guarantor's several liability for the entire amount of the Guaranteed
Obligations, subject only to the limitations set forth in Section 15. For the
purposes of this Section 4, (x) the "Net Assets" of any Guarantor shall mean the
highest amount, as of any Determination Date, by which (A) the aggregate present
fair saleable value of the assets of such Guarantor exceeds (B) the amount of
all the debts and liabilities of such Guarantor (including contingent,
subordinated, unmatured and unliquidated liabilities, but excluding the
obligations of such Guarantor hereunder), and (y) "Determination Date" shall
mean each of (1) the First Restatement Date, (2) the date of commencement of a
case under the Bankruptcy Code in which a Guarantor is a debtor, and (3) the
date enforcement hereunder is sought with respect to such Guarantor. Each
Funding Guarantor covenants and AGREES that its right to receive any
contribution from any Contributing Guarantor hereunder shall be subordinated and
junior in right of payment in full of all of the Guaranteed Obligations.

         SECTION 5. SEVERABILITY. Any provision of this Guaranty which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

                                                              Guaranty Agreement
<PAGE>

         SECTION 6. AMENDMENTS. ETC. No amendment or waiver of any provision of
this Guaranty nor consent to any departure by a Guarantor therefrom shall in any
event be effective unless the same shall be in writing executed by the
Administrative Agent.

         SECTION 7. NOTICES. All notices and other communications provided for
hereunder shall be given in the manner specified in the Term Loan Agreement (i)
in the case of the Administrative Agent, at the address specified for the
Administrative Agent in the Term Loan Agreement, and (ii) in the case of the
Guarantors, at the respective addresses specified for such Guarantors in this
Guaranty.

         SECTION 8. NO WAIVER: REMEDIES. No failure on the part of the
Administrative Agent or other Guaranteed Parties to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof; nor shall any
single or partial exercise of any right hereunder preclude any other or further
exercise thereof or the exercise of any other right. No notice to or demand on
any Guarantor in any case shall entitle such Guarantor to any other further
notice or demand in any similar or other circumstances or constitute a waiver of
the rights of the Administrative Agent or other Guaranteed Parties to any other
or further action in any circumstances without notice or demand. The remedies
herein provided are cumulative and not exclusive of any remedies provided by
law.

         SECTION 9. RIGHT OF SET OFF. In addition to and not in limitation of
all rights of offset that the Administrative Agent or other Guaranteed Parties
may have under applicable law, the Administrative Agent and the other Guaranteed
Parties shall, upon the occurrence of any Event of Default and whether or not
the Administrative Agent or other Guaranteed Parties have made any demand or
the Guaranteed Obligations are matured, have the right to appropriate and apply
to the payment of the Guaranteed Obligations, all deposits of any Guarantor
(general or special, time or demand, provisional or final) then or thereafter
held by and other indebtedness or property, then or thereafter owing by the
Administrative Agent or other Guaranteed Parties to any Guarantor, whether or
not related to this Guaranty or any transaction hereunder. The Guaranteed
Parties shall promptly notify the relevant Guarantor of any offset hereunder.

         SECTION 10. CONTINUING GUARANTY; TRANSFER OF OBLIGATIONS. This Guaranty
is a continuing guaranty and shall (i) remain in full force and effect until
payment in full of the Guaranteed Obligations and all other amounts payable
under this Guaranty and the termination of the Commitments, (ii) be binding upon
each Guarantor, its successors and assigns, and (iii) inure to the benefit of
and be enforceable by the Administrative Agent, its successors, transferees and
assigns, for the benefit of the Guaranteed Parties.

         SECTION 11. GOVERNING LAW: APPOINTMENT OF AGENT FOR SERVICE OF PROCESS;
SUBMISSION TO JURISDICTION: WAIVER OF JURY TRIAL.

         (a) THIS GUARANTY WILL BE DEEMED TO BE A CONTRACT MADE UNDER AND
GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK

                                                              Guaranty Agreement
<PAGE>
(INCLUDING FOR SUCH PURPOSE SECTION 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS
LAW OF THE STATE OF NEW YORK).

         (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS GUARANTY OR
OTHERWISE RELATED HERETO MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK
OR OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND,
BY EXECUTION AND DELIVERY OF THIS GUARANTY, EACH GUARANTOR HEREBY CONSENTS, FOR
ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE JURISDICTION OF THE AFORESAID
COURTS SOLELY FOR THE PURPOSE OF ADJUDICATING ITS RIGHTS OR THE RIGHTS OF THE
ADMINISTRATIVE AGENT AND OTHER GUARANTEED PARTIES WITH RESPECT TO THIS GUARANTY
OR ANY DOCUMENT RELATED HERETO. EACH GUARANTOR HEREBY IRREVOCABLY DESIGNATES
UNITED STATES CORPORATION COMPANY AS THE DESIGNEE, APPOINTEE AND AGENT OF SUCH
GUARANTOR TO RECEIVE, FOR AND ON BEHALF OF SUCH GUARANTOR, SERVICE OR PROCESS IN
SUCH JURISDICTION IN ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS
GUARANTY, OR ANY DOCUMENT RELATED HERETO AND SUCH SERVICE SHALL BE DEEMED
COMPLETED THIRTY DAYS AFTER MAILING THEREOF TO SAID AGENT. IT IS UNDERSTOOD THAT
A COPY OF SUCH PROCESS SERVED ON SUCH AGENT WILL BE PROMPTLY FORWARDED BY SUCH
LOCAL AGENT AND BY THE SERVER OF PROCESS BY MAIL TO THE RESPECTIVE GUARANTOR AT
ITS ADDRESS SET FORTH HEREIN, BUT THE FAILURE OF SUCH GUARANTOR TO RECEIVE SUCH
COPY SHALL NOT, TO THE EXTENT PERMITTED BY APPLICABLE LAW, AFFECT IN ANY WAY THE
SERVICE OF SUCH PROCESS. EACH GUARANTOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION,
INCLUDING, WITHOUT LIMITATION. ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON
THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE
BRINGING OF ANY ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS IN RESPECT
OF THIS GUARANTY OR ANY DOCUMENT RELATED THERETO. NOTHING HEREIN SHALL AFFECT
THE RIGHT OF THE ADMINISTRATIVE AGENT TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST
ANY GUARANTOR IN ANY OTHER JURISDICTION. TO THE EXTENT THAT ANY GUARANTOR HAS OR
HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY
LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT,
ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS
PROPERTY, SUCH GUARANTOR HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT
PERMITTED BY LAW SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THIS GUARANTY
AND THE OTHER CREDIT DOCUMENTS TO WHICH IT IS A PARTY.

         (c) TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH GUARANTOR HEREBY
IRREVOCABLY WAIVES ALL RIGHT OF TRIAL BY JURY IN

                                                              Guaranty Agreement
<PAGE>

ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN CONNECTION WITH THIS
GUARANTY OR ANY OTHER CREDIT DOCUMENT OR ANY MATTER ARISING IN CONNECTION
HEREUNDER OR THEREUNDER. EACH GUARANTOR ACKNOWLEDGES AND AGREES THAT IT HAS
RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION (AND EACH OTHER
PROVISION OF EACH OTHER CREDIT DOCUMENT TO WHICH IT IS A PARTY) AND THAT THIS
PROVISION IS A MATERIAL INDUCEMENT FOR SUCH GUARANTOR ENTERING INTO THE CREDIT
DOCUMENTS.

         SECTION 12. SUBORDINATION OF THE BORROWER'S OBLIGATIONS TO THE
GUARANTORS. As an independent covenant, each Guarantor hereby expressly
covenants and agrees for the benefit of the Administrative Agent and other
Guaranteed Parties that all obligations and liabilities of the Borrower to such
Guarantor of whatsoever description including, without limitation, all
intercompany receivables of such Guarantor from the Borrower ("Junior Claims")
shall be subordinate and junior in right of payment to all Obligations of the
Borrower to the Administrative Agent and other Guaranteed Parties under the
terms of the Term Loan Agreement and the other Credit Documents and the
"Obligations" of the Borrower to the "Administrative Agent" and other
"Guaranteed Parties" under the terms of the Revolving Credit Agreement and the
other "Credit Documents" (all as defined in the Revolving Credit Agreement),
which are pari passu ("Senior Claims").

         If an Event of Default shall occur, then, unless and until such Event
of Default shall have been cured, waived, or shall have ceased to exist, no
direct or indirect payment (in cash, property, securities, by setoff or
otherwise) shall be made by the Borrower to any Guarantor on account of or in
any manner in respect of any Junior Claim except such payments and distributions
the proceeds of which shall be applied to the payment of Senior Claims on a pro
rata basis.

         In the event of a Proceeding (as hereinafter defined), all Senior
Claims shall first be paid in full before any direct or indirect payment or
distribution (in cash, property, securities, by setoff or otherwise) shall be
made to any Guarantor on account of or in any manner in respect of any Junior
Claim except such payments and distributions the proceeds of which shall be
applied to the payment of Senior Claims. For the purposes of the previous
sentence, "Proceeding" means the Borrower or any Guarantor shall commence a
voluntary case concerning itself under the Bankruptcy Code or any other
applicable bankruptcy laws; or any involuntary case is commenced against the
Borrower or any Guarantor: or a custodian (as defined in the Bankruptcy Code or
any other applicable bankruptcy laws) is appointed for, or takes charge of, all
or any substantial part of the property of the Borrower or any Guarantor, or the
Borrower or any Guarantor commences any other proceedings under any
reorganization arrangement, adjustment of debt, relief of debtor, dissolution,
insolvency or liquidation or similar law of any jurisdiction whether now or
hereafter in effect relating to the Borrower or any Guarantor, or any such
proceeding is commenced against the Borrower or any Guarantor, or the Borrower
or any Guarantor is adjudicated insolvent or bankrupt; or any order of relief or
other order approving any such case or proceeding is entered; or the Borrower or
any Guarantor suffers any

                                                              Guaranty Agreement
<PAGE>
appointment of any custodian or the like for it or any substantial part of its
property; or the Borrower or any Guarantor makes a general assignment for the
benefit of creditors; or the Borrower or any Guarantor shall fail to pay, or
shall state that it is unable to pay, or shall be unable to pay, its debts
generally as they become due; or the Borrower or any Guarantor shall call a
meeting of its creditors with a view to arranging a composition or adjustment of
its debts; or the Borrower or any Guarantor shall by any act or failure to act
indicate its consent to, approval of or acquiescence in any of the foregoing; or
any corporate action shall be taken by the Borrower or any Guarantor for the
purpose of effecting any of the foregoing.

         In the event any direct or indirect payment or distribution is made to
a Guarantor in contravention of this Section 12, such payment or distribution
shall be deemed received in trust for the benefit of the Administrative Agent
and other Guaranteed Parties and shall be immediately paid over to the
Administrative Agent for application against the Guaranteed Obligations in
accordance with the terms of the Term Loan Agreement.

         Each Guarantor agrees to execute such additional documents as the
Administrative Agent may reasonably request to evidence the subordination
provided for in this Section 12.

         SECTION 13. JUDGMENT CURRENCY. (a) The Guarantors' obligations
hereunder to make payments in a particular currency (the "Obligation Currency")
shall not be discharged or satisfied by any tender or recovery pursuant to any
judgment expressed in or converted into any currency other than the Obligation
Currency, except to the extent that such tender or recovery results in the
effective receipt by the Guaranteed Parties of the full amount of the Obligation
Currency expressed to be payable under this Guaranty or the Term Loan Agreement.
If for the purpose of obtaining or enforcing judgment against any Guarantor in
any court or in any jurisdiction, it becomes necessary to convert into or from
any currency other than the Obligation Currency (such other currency being
hereinafter referred to as the "Judgment Currency") an amount due in the
Obligation Currency, the conversion shall be made, at the currency equivalent
determined, in each case, as on the Business Day immediately preceding the day
on which the judgment is given (such Business Day being hereafter referred to as
the "Judgment Currency Conversion Date").

         (b) If there is a change in the rate of exchange prevailing between the
Judgment Currency Conversion Date and the date of actual payment of the amount
due, the Guarantors covenant and agree to pay, or cause to be paid, such
additional amounts, if any (but in any event not a lesser amount), as may be
necessary to ensure that the amount paid in the Judgment Currency, when
converted at the rate of exchange prevailing on the date of payment, will
produce the amount of the Obligation Currency which could have been purchased
with the amount of Judgment Currency stipulated in the judgment or judicial
award at the rate of exchange prevailing on the Judgment Currency Conversion
Date.

         (c) For purposes of determining the currency equivalent for this
Section, such amounts shall include any premium and costs payable in connection
with the purchase of the Obligation Currency.

                                                              Guaranty Agreement
<PAGE>
         SECTION 14. AUTOMATIC ACCELERATION IN CERTAIN EVENTS. Upon the
occurrence of an Event of Default specified in Section 8.07 of the Term Loan
Agreement, all Guaranteed Obligations shall automatically become immediately due
and payable by the Guarantors, without notice or other action on the part of the
Administrative Agent or other Guaranteed Parties, and regardless of whether
payment of the Guaranteed Obligations by the Borrower has then been accelerated.
In addition, if any event of the types described in Section 8.07 of the Term
Loan Agreement should occur with respect to any Guarantor, then the Guaranteed
Obligations shall automatically become immediately due and payable by such
Guarantor, without notice or other action on the part of the Administrative
Agent or other Guaranteed Parties, and regardless of whether payment of the
Guaranteed Obligations by the Borrower has then been accelerated.

         SECTION 15. SAVINGS CLAUSE. (a) It is the intent of each Guarantor and
the Guaranteed Parties that each Guarantor's maximum obligations hereunder shall
be, but not in excess of

                  (i) in a case or proceeding commenced by or against such
         Guarantor under the Bankruptcy Code on or within the year from the date
         on which any of the Guaranteed Obligations are incurred, the maximum
         amount which would not otherwise cause the Guaranteed Obligations (or
         any other obligations of such Guarantor to the Guaranteed Parties) to
         be avoidable or unenforceable against such Guarantor under (A) Section
         548 of the Bankruptcy Code or (B) any state fraudulent transfer or
         fraudulent conveyance act or statute applied in such case or proceeding
         by virtue of Section 544 of the Bankruptcy Code: or

                  (ii) in a case or proceeding commenced by or against such
         Guarantor under the Bankruptcy Code subsequent to one year from the
         date on which any of the Guaranteed Obligations are incurred, the
         maximum amount which would not otherwise cause the Guaranteed
         Obligations (or any other obligations of the Guarantor to the
         Guaranteed Parties) to be avoidable or unenforceable against such
         Guarantor under any state fraudulent transfer or fraudulent conveyance
         act or statute applied in any such case or proceeding by virtue of
         Section 544 of the Bankruptcy Code; or

                  (iii) in a case or proceeding commenced by or against such
         Guarantor under any law, statute or regulation other than the
         Bankruptcy Code (including, without limitation, any other bankruptcy,
         reorganization, arrangement, moratorium, readjustment of debt,
         dissolution, liquidation or similar debtor relief laws), the maximum
         amount which would not otherwise cause the Guaranteed Obligations (or
         any other obligations of such Guarantor to the Guaranteed Parties) to
         be avoidable or unenforceable against such Guarantor under such law,
         statute or regulation including, without limitation, any state
         fraudulent transfer or fraudulent conveyance act or statute applied in
         any such case or proceeding.

(The substantive laws under which the possible avoidance or unenforceability of
the Guaranteed Obligations (or any other obligations of such Guarantor to the
Guaranteed Parties) shall be

                                                              Guaranty Agreement
<PAGE>
determined in any such case or proceeding shall hereinafter be referred to as
the "Avoidance Provisions").

                  (b) To the end set forth in Section 15(a), but only to the
         extent that the Guaranteed Obligations would otherwise be subject to
         avoidance under the Avoidance Provisions, if such Guarantor is not
         deemed to have received valuable consideration, fair value or
         reasonably equivalent value for the Guaranteed Obligations, or if the
         Guaranteed Obligations would render the Guarantor insolvent, or leave
         the Guarantor with an unreasonably small capital to conduct its
         business, or cause the Guarantor to have incurred debts (or to have
         intended to have incurred debts) beyond its ability to pay such debts
         as they mature, in each case as of the time any of the Guaranteed
         Obligations are deemed to have been incurred under the Avoidance
         Provisions and after giving effect to contribution as among Guarantors,
         the maximum Guaranteed Obligations for which such Guarantor shall be
         liable hereunder shall be reduced to that amount which, after giving
         effect thereto, would not cause the Guaranteed Obligations (or any
         other obligations of such Guarantor to the Guaranteed Parties), as so
         reduced, to be subject to avoidance under the Avoidance Provisions.
         This Section 15(b) is intended solely to preserve the rights of the
         Guaranteed Parties hereunder to the maximum extent that would not cause
         the Guaranteed Obligations of any Guarantor to be subject to avoidance
         under the Avoidance Provisions, and neither such Guarantor nor any
         other Person shall have any right or claim under this Section 15 as
         against the Guaranteed Parties that would not otherwise be available to
         such Person under the Avoidance Provisions.

         (c) None of the provisions of this Section 15 are intended in any
manner to alter the obligations of any holder of Subordinated Debt or the rights
of the holders of "senior indebtedness" as provided by the terms of the
Subordinated Debt. Accordingly, it is the intent of each of the Guarantors that
in the event that any payment or distribution is made with respect to the
Subordinated Debt prior to the payment in full of the Guaranteed Obligations by
virtue of the provisions of this Section 15, in any case or proceeding of the
kinds described in clauses (i)-(iii) of Section 15(a), the holders of the
Subordinated Debt shall be obligated to pay or deliver such payment or
distribution to or for the benefit of the Guaranteed Parties. Furthermore, in
respect of the Avoidance Provisions, it is the intent of each Guarantor that the
subrogation rights of the holders of Subordinated Debt with respect to the
obligations of the Guarantor under this Guaranty, be subject in all respects to
the provisions of Section 15(b).

         SECTION 16. INFORMATION. Each of the Guarantors assumes all
responsibility for being and keeping itself informed of the Borrower's financial
condition and assets, and of all other circumstances bearing upon the risk of
nonpayment of the Guaranteed Obligations and the nature, scope and extent of the
risk that such Guarantor assumes and incurs hereunder, and agrees that none of
the Guaranteed Parties will have any duty to advise any of the Guarantors of
information known to it or any of them regarding such circumstances or risks.

                                                              Guaranty Agreement

<PAGE>
         SECTION 17. REPRESENTATIONS AND WARRANTIES. Each Guarantor represents
and warrants as to itself that all representations and warranties relating to it
contained in Sections 5.01 through 5.06 of the Term Loan Agreement are true and
correct.

         SECTION 18. SURVIVAL OF AGREEMENT. All agreements, representations and
warranties made herein shall survive the execution and delivery of this Guaranty
and the Term Loan Agreement, the making of the Loans and the execution and
delivery of the Notes and the other Credit Documents.

         SECTION 19. COUNTERPARTS. This Guaranty and any amendments, waivers,
consents or supplements hereto may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts
together shall constitute but one and the same instrument.

         SECTION 20. CURRENCY OF PAYMENT. All payments to be made by the
Guarantors hereunder shall be made in the relevant currency or currencies in
which the Guaranteed Obligations are denominated in immediately available funds.
If any Guarantor is unable for any reason to effect payment of any of the
Guaranteed Obligations in the currency in which such Guaranteed Obligations are
denominated, the Guaranteed Parties may, at their option, require such payment
to be made in the Dollar Equivalent of such currency. If in any case where any
of the Guarantors shall make any such payment in the Dollar Equivalent, the
Guarantors agree to hold the Guaranteed Parties harmless from any loss incurred
by the Lenders arising from any change in the value of Dollars in relation to
such currency between the date such payment became due and the date of payment
thereof.

         SECTION 21. ADDITIONAL GUARANTORS: Upon execution and delivery by any
Subsidiary of the Borrower of an instrument in the form of Annex 1, such
Subsidiary of the Borrower shall become a Guarantor hereunder with the same
force and effect as if originally named a Guarantor herein (each an "Additional
Guarantor"). The execution and delivery of any such instrument shall not require
the consent of any Guarantor hereunder. The rights and obligations of each
Guarantor hereunder shall remain in full force and effect notwithstanding the
addition of any Additional Guarantor as a party to this Guaranty.

         SECTION 22. Application of Proceeds. All cash proceeds received by the
Administrative Agent from the Guarantors shall be applied by the Administrative
Agent to payment of the Guaranteed Obligations in the following order unless a
court of competent jurisdiction shall otherwise direct:

                  FIRST, to payment of all reasonable costs and expenses of the
         Administrative Agent incurred in connection with the collection and
         enforcement of the Guaranteed Obligations;

                  SECOND, to payment of that portion of the Guaranteed
         Obligations constituting accrued and unpaid interest and fees, pro rata
         among the Guaranteed Parties in

                                                              Guaranty Agreement
<PAGE>
         accordance with the amount of such accrued and unpaid interest and fees
         owing to each of them;

                  THIRD, to payment of the principal of the Guaranteed
         Obligations, pro rata among the Guaranteed Parties in accordance with
         the amount of such principal owing to each of them;

                  FOURTH, to payment of any other Guaranteed Obligations (other
         than those listed above) pro rata among the Guaranteed Parties in
         accordance with the amounts owing to each of them; and

                  FIFTH, the balance, if any, after all of the Guaranteed
         Obligations have been satisfied, to the applicable Guarantor or to
         whosoever may be lawfully entitled to receive them; provided, that
         prior to the date on which all Guaranteed Obligations have been paid in
         full, such balance may, in the discretion of the Administrative Agent,
         be held by the Administrative Agent as collateral to be applied at any
         time thereafter pursuant to this Section 22.

                        [Signatures Follow on Next Page]

                                                              Guaranty Agreement

<PAGE>
         IN WITNESS WHEREOF, each Guarantor and the Administrative Agent have
caused this Guaranty to be duly executed and delivered by their respective duly
authorized officers as of the date first above written.

Address for Notices:                          ALEXANDER CITY CASTING COMPANY,
                                              INC. ("Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

Address for Notices:                          CAST-MATIC CORPORATION
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

Address for Notices:                          COLUMBUS FOUNDRY, L.P.
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

                                                              Guaranty Agreement
<PAGE>

Address for Notices:                          DIVERSIFIED DIEMAKERS, INC.
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

Address for Notices:                          FRISBY P.M.C., INCORPORATED
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

Address for Notices:                          GANTON TECHNOLOGIES INC.
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

                                                              Guaranty Agreement
<PAGE>

Address for Notices:                          INTERMET HOLDING COMPANY
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

Address for Notices:                          INTERMET INTERNATIONAL, INC.
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

Address for Notices:                          IRONTON IRON INC.
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

                                                              Guaranty Agreement
<PAGE>

Address for Notices:                          LYNCHBURG FOUNDRY COMPANY
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

Address for Notices:                          NORTHERN CASTINGS CORPORATION
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

Address for Notices:                          SUDBURY, INC.
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

                                                              Guaranty Agreement
<PAGE>

Address for Notices:                          SUDM, INC.
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

Address for Notices:                          TOOL PRODUCTS, INC.
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

Address for Notices:                          WAGNER CASTINGS COMPANY
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

                                                              Guaranty Agreement
<PAGE>

Address for Notices:                          WAGNER HAVANA, INC.
                                              (a "Guarantor")

c/o Intermet Corporation
5445 Corporate Drive
Suite 200                                     By:  /s/ Alan J. Miller
Troy, Michigan 48098                             -------------------------------
                                                   Name Printed: Alan J. Miller
                                                   Title: Secretary

Attn: Doretha J. Christoph

                                                              Guaranty Agreement
<PAGE>

                                              THE. BANK OF NOVA SCOTIA, AS
                                              ADMINISTRATIVE AGENT

                                          By:  /s/ F.C.H. Ashby
                                             ----------------------------------
                                          Name Printed: F.C.H. Ashby
                                                       ------------------------
                                          Title: Senior Manager Loan Operations
                                                -------------------------------

SECTION 12 OF THE
FOREGOING GUARANTY
IS HEREBY ACKNOWLEDGED
AND AGREED TO:

INTERMET CORPORATION

BY:
   -----------------------------
Name Printed: Alan J. Miller
Title: Vice President and Secretary

                                                              Guaranty Agreement
<PAGE>

                                              THE BANK OF NOVA SCOTIA, as
                                              Administrative Agent

                                              By:
                                                 -------------------------------
                                                  Name Printed:
                                                               -----------------
                                                  Title:
                                                        ------------------------

SECTION 12 OF THE
FOREGOING GUARANTY
IS HEREBY ACKNOWLEDGED
AND AGREED TO:

INTERMET CORPORATION

By: /s/ Alan J. Miller
   --------------------------------
Name Printed: Alan J. Miller
             ----------------------
Title: Vice President and Secretary
      -----------------------------

                                                              Guaranty Agreement
<PAGE>
                                                                         ANNEX 1

                                    FORM OF
                                   SUPPLEMENT
                              TO GUARANTY AGREEMENT

         THIS SUPPLEMENT TO GUARANTY AGREEMENT (this "Supplement to Guaranty
Agreement"), dated as of _________________________, made by
_______________________, a _______________ corporation (the "Additional
Guarantor"), in favor of THE BANK OF NOVA SCOTIA, a Canadian chartered
bank acting through its Atlanta Agency (in such capacity, the "Administrative
Agent"), in its capacity as administrative agent for the banks and other lending
institutions parties to the Term Loan Agreement (as hereinafter defined) and
each assignee thereof becoming a "Lender" as provided therein (the "Lenders";
the Lenders and the Administrative Agent and their respective Affiliates, being
collectively referred to herein as the "Guaranteed Parties").

                              W I T N E S S E T H:

         WHEREAS, Intermet Corporation (the "Borrower"), the Lenders, the
Administrative Agent, Bank One, Michigan, as Syndication Agent, (the
"Syndication Agent") and SunTrust Bank, as Documentation Agent (the
"Documentation Agent") are parties to that certain First Amended and Restated
Term Loan Agreement, dated as of July 17, 2001 (as the same may hereafter be
amended, restated, supplemented or otherwise modified from time to time, the
"Term Loan Agreement");

         WHEREAS, certain Subsidiaries (the "Subsidiary Guarantors") of the
Borrower have executed and delivered that certain First Amended and Restated
Guaranty Agreement dated as of July 17, 2001 (the "Subsidiary Guaranty")
pursuant to which the Subsidiary Guarantors have agreed to guarantee all of the
obligations of the Borrower and its Subsidiaries under the Term Loan Agreement
and the other Credit Documents (as defined in the Term Loan Agreement);

         WHEREAS, the Borrower, the Subsidiary Guarantors and the Additional
Guarantor share an identity of interests as members of a consolidated group of
companies engaged in substantially similar businesses; the Borrower provides
certain centralized financial, accounting and/or management services to the
Additional Guarantor; and the making of the loans has enhanced the overall
financial strength and stability of the Borrower's corporate group, including
the Additional Guarantor:

                                                              Guaranty Agreement
<PAGE>

         WHEREAS, it is a condition subsequent to the Lenders' obligation to
the effectiveness of the Term Loan Agreement that the Additional Guarantor
execute and deliver to the Administrative Agent this Supplement to Guaranty
Agreement, and the Additional Guarantor desires to execute and deliver this
Supplement to Guaranty Agreement to satisfy such condition subsequent;

         NOW, THEREFORE, in consideration of the premises and in order to induce
the Guaranteed Parties to enter into and perform their obligations under the
Term Loan Agreement, the Additional Guarantor hereby agrees as follows:

1. DEFINED TERMS. Capitalized terms not otherwise defined herein are used herein
with the meanings specified for such terms in the Term Loan Agreement.

2. ADDITIONAL GUARANTOR. The Additional Guarantor agrees that it shall be and
become a Guarantor for all purposes of the Subsidiary Guaranty and shall be
fully liable thereunder to the Administrative Agent and other Guaranteed Parties
to the same extent and with the same effect as though the Additional Guarantor
had been one of the Guarantors originally executing and delivering the
Subsidiary Guaranty. Without limiting the foregoing, the Additional Guarantor
hereby jointly and severally (with respect to the guaranties made by the
Subsidiary Guarantors under the Subsidiary Guaranty), irrevocably and
unconditionally, guarantees punctual payment when due, whether at stated
maturity by acceleration or otherwise, of all Loans and all other Obligations
(as defined in the Term Loan Agreement), owing by the Borrower and its
Subsidiaries to the Lenders or the Administrative Agent or their respective
Affiliates, or any of them, under the Term Loan Agreement, the Notes and the
other Credit Documents including, without limitation, all renewals, extensions,
modifications and refinancings thereof, now or hereafter owing, whether for
principal, interest, fees, expenses or otherwise, and any and all reasonable
out-of-pocket expenses (including reasonable attorneys' fees actually incurred)
and expenses incurred by the Administrative Agent in enforcing any rights under
the Subsidiary Guaranty (as supplemented hereby), subject, however, to the
limitations expressly provided in the Subsidiary Guaranty in Section 15 thereof.
All references in the Subsidiary Guaranty to "Guarantors" or any "Guarantor"
shall be deemed to include and to refer to the Additional Guarantor.

3.   GOVERNING LAW: APPOINTMENT OF AGENT FOR SERVICE OF PROCESS: SUBMISSION TO
     JURISDICTION: WAIVER OF JURY TRIAL.

         (a) THIS SUPPLEMENT TO GUARANTY AGREEMENT WILL BE DEEMED TO BE A
CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK
(INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
OBLIGATIONS LAW OF THE STATE OF NEW YORK).

         (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS SUPPLEMENT TO
GUARANTY AGREEMENT RELATED HERETO MAY BE BROUGHT IN THE COURTS OF THE STATE OF
NEW YORK OR OF THE UNITED STATES OF

                                                              Guaranty Agreement
<PAGE>

AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF
THIS SUPPLEMENT TO GUARANTY AGREEMENT, THE ADDITIONAL GUARANTOR HEREBY CONSENTS,
FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE JURISDICTION OF THE AFORESAID
COURTS SOLELY FOR THE PURPOSE OF ADJUDICATING ITS RIGHTS OR THE RIGHTS OF THE
ADMINISTRATIVE AGENT AND OTHER GUARANTEED PARTIES WITH RESPECT TO THIS
SUPPLEMENT TO GUARANTY AGREEMENT OR ANY DOCUMENT RELATED HERETO. THE ADDITIONAL
GUARANTOR HEREBY IRREVOCABLY DESIGNATES UNITED STATES CORPORATION COMPANY AS THE
DESIGNEE, APPOINTEE AND AGENT OF THE ADDITIONAL GUARANTOR TO RECEIVE, FOR AND ON
BEHALF OF THE ADDITIONAL GUARANTOR, SERVICE OF PROCESS IN SUCH JURISDICTION IN
ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS SUPPLEMENT TO GUARANTY
AGREEMENT OR ANY DOCUMENT RELATED HERETO AND SUCH SERVICE SHALL BE DEEMED
COMPLETED THIRTY (30) DAYS AFTER MAILING THEREOF TO SAID AGENT. IT IS UNDERSTOOD
THAT A COPY OF SUCH PROCESS SERVED ON SUCH AGENT WILL BE PROMPTLY FORWARDED BY
SUCH LOCAL AGENT AND BY THE SERVER OF PROCESS BY MAIL TO THE ADDITIONAL
GUARANTOR AT ITS ADDRESS SET FORTH HEREIN, BUT THE FAILURE OF THE ADDITIONAL
GUARANTOR TO RECEIVE SUCH COPY SHALL NOT, TO THE EXTENT PERMITTED BY APPLICABLE
LAW, AFFECT IN ANY WAY THE SERVICE OF SUCH PROCESS. THE ADDITIONAL GUARANTOR
HEREBY IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY
OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON
CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR
PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS IN RESPECT OF THIS SUPPLEMENT TO
GUARANTY AGREEMENT OR ANY DOCUMENT RELATED THERETO. NOTHING HEREIN SHALL AFFECT
THE RIGHT OF THE ADMINISTRATIVE AGENT TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST
THE ADDITIONAL GUARANTOR IN ANY OTHER JURISDICTION. TO THE EXTENT THAT THE
ADDITIONAL GUARANTOR HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION
OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE,
ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH
RESPECT TO ITSELF OR ITS PROPERTY, THE ADDITIONAL GUARANTOR HEREBY IRREVOCABLY
WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW SUCH IMMUNITY IN RESPECT OF ITS
OBLIGATIONS UNDER THIS SUPPLEMENT TO GUARANTY AGREEMENT AND THE OTHER CREDIT
DOCUMENTS TO WHICH IT IS A PARTY.

         (c) TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE ADDITIONAL GUARANTOR
HEREBY IRREVOCABLY WAIVES ALL RIGHT OF TRIAL BY JURY IN ANY ACTION. PROCEEDING
OR COUNTERCLAIM ARISING OUT OF OR IN CONNECTION WITH THIS SUPPLEMENT TO
GUARANTY AGREEMENT OR ANY

                                                              Guaranty Agreement
<PAGE>

OTHER CREDIT DOCUMENT OR ANY MATTER ARISING IN CONNECTION HEREUNDER OR
THEREUNDER. THE ADDITIONAL GUARANTOR ACKNOWLEDGES AND AGREES THAT IT HAS
RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION (AND EACH OTHER
PROVISION OF EACH OTHER CREDIT DOCUMENT TO WHICH IT IS A PARTY) AND THAT THIS
PROVISION IS A MATERIAL INDUCEMENT FOR THE GUARANTEED PARTIES ENTERING INTO THE
CREDIT DOCUMENTS.

         IN WITNESS WHEREOF, the Additional Guarantor has caused this Supplement
to Guaranty to be duly executed and delivered under seal by its duly authorized
officers as of the date first above written.

Address for Notices:                          ADDITIONAL GUARANTOR:

                                              ----------------------------------

                                              By: ______________________________

                                              Title: ___________________________

                                                              Guaranty Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00037-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00037-of-00352.parquet"}]]