<PAGE>
EXHIBIT 10-6
WAIVER AND CONSENT
Dated as of: August 2, 2005
Reference is hereby made to the Loan and Security Agreement,
dated
as of December 18, 2003 (as heretofore
amended or otherwise modified and as
further amended, modified, supplemented,
extended, renewed, restated or
replaced, the "Loan Agreement"), by and
among Lexington Precision Corporation
("LPC") and Lexington Rubber Group, Inc.
("LRG"), as Borrowers (LPC and LRG,
each a "Borrower" and, collectively, the
"Borrowers"), the lenders from time to
time party thereto (the "Lenders"), and
Ableco Finance LLC, in its capacity as
agent for the Lenders (in such capacity,
the "Agent"), and other agreements,
documents and instruments at any time
executed and/or delivered in connection
therewith (all of the foregoing, including
the Loan Agreement, as the same now
exist or may hereafter be amended,
modified, supplemented, extended, renewed,
restated or replaced, being collectively
referred to herein as the "Financing
Agreements"). Capitalized terms used but
not otherwise defined herein shall have
the meanings given to them in the Loan
Agreement.
LPC is entering into an Equipment Purchase Agreement with
Premier
Tool & Die Cast Corp. or an affiliate
thereof ("Buyer"), dated as of August 2,
2005 (the "Purchase Agreement") providing
for the sale of certain assets
(collectively, the "Purchased Assets")
consisting of all inventory of LPC's
Lexington Die Casting Division for a
purchase price of approximately $92,000
(the "Inventory Purchase Price") and the
equipment listed on Schedule I attached
hereto, located at LPC's Lexington Die
Casting Division in Lakewood, New York,
for an aggregate purchase price of
$2,560,000 (the "Equipment Purchase Price"),
of which $2,360,000 ("Initial Payment")
shall be paid in cash at closing and
$200,000 shall be paid by Buyer's delivery
of a promissory note (the "Note")
which shall be payable on April 30,
2008
For good and valuable consideration, the receipt and sufficiency
of
which is hereby acknowledged, the Agent,
the Lenders and the Borrowers hereby
agree as follows:
1. Consents. Subject to the terms and conditions contained
herein and
notwithstanding anything to the contrary set forth in the Loan
Agreement
or any other Financing Agreement, the Agent and the Lenders
hereby
consent to:
(a) the sale of the Purchased Assets to Buyer in
accordance
with the terms and conditions of the Purchase Agreement as in
effect on
the date hereof;
(b) the execution by the Borrowers of the Waiver and
Consent,
dated of even date herewith, among the Borrowers, the Working
Capital
Agent and the Working Capital Lenders (the "Working Capital
Consent");
and
(c) the sale or disposition of the Real Property located
on Redding
Drive in LaGrange, Georgia (the "LaGrange Property"); provided,
that, (A)
the net cash proceeds of such sale or disposition shall be at
least
$1,500,000, (B) all of the net cash proceeds of such sale or
disposition shall be paid to Agent for application to the
Obligations in
accordance
with Section 2.4(c)(ii) of the Loan Agreement, (C) such sale or
disposition and application of proceeds shall occur on or before
December
31, 2005,
and (D) except as Agent may otherwise agree in writing, as of
the date of such
sale or disposition and after giving effect thereto, no
Default or
Event of Default shall have occurred and be continuing.
<PAGE>
2. Release. The Agent, with the consent of the Lenders, agrees
to execute
and deliver to LPC, simultaneously with this Waiver and
Consent, a
release of liens in the form attached hereto as Exhibit A (the
"Release"). The Borrowers hereby acknowledge and consent to the
Release.
3. Conditions Precedent. The consents contained herein shall
only be
effective upon the satisfaction of each of the following
conditions
precedent in a manner reasonably satisfactory to the Agent:
(a) the Working Capital Agent shall have received in
cash or
other immediately available funds, the sum of $2,452,000 in
respect of
the Initial Payment and the Inventory Purchase Price, from or
on behalf
of Buyer, for application by the Working Capital Agent to the
Working
Capital Debt as set forth in Section 5 of the Working Capital
Consent;
(b) the Agent shall have received counterparts of this
letter
agreement, duly authorized, executed and delivered by the
Borrowers;
(c) the Agent shall have received, in form and substance
reasonably
satisfactory to the Agent, true, correct and complete copies of
the
following documents, each duly authorized, executed and delivered
by
the
parties thereto: the Purchase Agreement and the Note, together
with
all
schedules and exhibits to each of the foregoing (such
documents,
collectively, the "Purchase Documents"); and
(d) the Agent shall have received a fully executed copy
of the
Working Capital Consent.
4. Covenants.
(a) The Borrowers shall deliver to the Working Capital
Agent (or
its counsel), within five (5) Business Days of the closing of
the
transactions pursuant to the Purchase Agreement, the original
Note,
together
with an allonge, or other appropriate instrument of transfer,
undated
and executed in blank.
(b) The Borrowers shall cause all amounts at any time
payable to
any Borrower pursuant to the Note to be paid by Buyer directly
to the
Working Capital Agent for application to the Working Capital
Debt
and the
Obligations as follows: first, to the outstanding principal
amount
of the WC
Term Loans, until paid in full, and thereafter, in accordance
with
Section 2.4(c) of the Loan Agreement.
(c) The Borrowers shall not effect or consent to any
amendment
or other modification of any Purchase Document without the
prior
written
consent of the Agent.
(d) The Borrowers shall sell or otherwise dispose of the
LaGrange
Property (i) on or before December 31, 2005, (ii) the net cash
proceeds
of such sale or disposition shall be at least $1,500,000, and
(iii) all
of the net cash proceeds of such sale or disposition shall be
paid to
Agent for application to the Obligations in accordance with
Section
2.4(c)(ii) of the Loan Agreement.
<PAGE>
(e) Borrowers shall pay to the Agent, for the account of
the
Lenders, a consent fee in the amount of $15,000, which fee shall
be
fully
earned and payable on the date hereof.
5. Additional Representations and Warranties. Each Borrower,
hereby
jointly and severally represents, warrants and covenants to the
Agent and
the Lenders as follows, which representations, warranties and
covenants
are continuing and shall survive the execution and delivery
hereof:
(a) this letter agreement and the Purchase Documents
have been
duly authorized, executed and delivered by all necessary
corporate
action on the part of such Borrower which is a party hereto and
thereto,
including any required stockholders action, are in full force
and
effect as
of the date hereof, and constitute valid and binding
obligations
of such
Borrower enforceable against it in accordance with their terms,
except as
limited by bankruptcy, insolvency, reorganization and similar
laws
affecting the enforcement of creditors' rights or contractual
obligations generally and subject to general principles of
equity.
6. Effect of this Consent.
(a) Except as provided above, the Loan Agreement and the
other
Financing Agreements shall remain in full force and effect, and
the
foregoing
waivers and consents shall be limited to the matters set forth
herein and
shall not extend to any other transaction. The foregoing
waivers
and consents do not allow any other or further departure from
the
terms of
the Loan Agreement or any other Financing Agreement.
(b) Each Borrower hereby acknowledges and agrees that
this
Waiver and Consent constitutes a "Financing Agreement" under the
Loan
Agreement.
Accordingly, it shall be an immediate Event of Default under
the Loan
Agreement if (i) any representation or warranty made by a
Borrower
under or in connection with this Waiver and Consent shall have
been
untrue, false or misleading in any material respect when made,
or
(ii) a
Borrower shall fail to perform or observe any term, covenant or
agreement
contained in this Waiver and Consent.
7. Further Assurances. The parties hereto shall execute and
deliver
such additional documents and take such additional actions as
may
be
necessary to effectuate the provisions and purposes of this
Agreement.
8. Governing Law. The rights and obligations hereunder of each
of the
parties hereto shall be governed by and interpreted and
determined
in
accordance with the laws of the State of New York (without regard
to
principles
of conflict of laws).
9. Waiver, Modification, Etc. No provision or term hereof may
be
modified, altered, waived, discharged or terminated orally, but
only by
an
instrument in writing executed by the party against whom such
modification, alteration, waiver, discharge or termination is
sought.
10. Entire Agreement. This Agreement contains the entire
agreement
of the parties hereto concerning the subject matter hereof and
supersedes
all prior oral or written
<PAGE>
discussions, proposals, negotiations or communications concerning
the
subject
matter hereof.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]
<PAGE>
11. Counterparts. This Waiver and Consent may be executed in
any number
of counterparts, each of which, when so executed and delivered,
shall be
deemed to be an original and all of which, taken together,
shall
constitute
one and the same Waiver and Consent. The delivery of an
executed
counterpart of this Waiver and Consent by facsimile or
electronic
mail shall
have the same force and effect as delivery of any original
executed
counterpart of this Waiver and Consent. Any party delivering an
executed
counterpart of this Waiver and Consent by facsimile or
electronic
mail also
shall deliver an original executed counterpart of this Waiver
and
Consent, but the failure to deliver an original executed
counterpart
shall not
affect the validity, enforceability, and binding effect of this
Waiver and
Consent as to such party or any other party.
LEXINGTON PRECISION CORPORATION,
Borrower
By: /s/ Michael A. Lubin
-----------------------------------
Name: Michael A. Lubin
Title: Chairman
LEXINGTON RUBBER GROUP, INC.,
Borrower
By: /s/ Michael A. Lubin
-----------------------------------
Name: Michael A. Lubin
Title: Chairman
ABLECO FINANCE LLC, on behalf of itself
and its affiliate assigns, as Agent and as a
Lender
By: /s/ Dan Wolf
-----------------------------------
Name: Dan Wolf
Title: SVP
<PAGE>
SCHEDULE I
PURCHASED ASSETS
1. All inventory of LPC's Lexington Die
Casting Division consisting of metals,
packaging and pallets located at LPC's
facility at 201 Winchester Road,
Lakewood, NY on the date hereof, to the
extent sold to Buyer pursuant to the
Purchase Agreement.
2. The following machinery and
equipment:
One (1) HPM Model D-1000-A 1,000-Ton
Aluminum Cold Chamber Die Cast Machine, S/N
R95356/64-088, including:
(1)
Rimrock
Multi-Link Auto Reciprocator/Die Sprayer
(1)
Advance Model
SL-1200 Automatic Ladler, S/N 31524-98, (1998)
(1)
Rimrock
Multi-Link Extractor
(1)
MPH 5,000-Lb.
Gas-Fired Holding Furnace, S/N 6094-82; with
Temperature Controls
One (1) HPM Model D-1000-A 1,000-Ton
Aluminum Cold Chamber Die Cast Machine, S/N
R98176/65-151, including
(1)
Rimrock
Multi-Link Auto Reciprocator/Die Sprayer
(1)
Rimrock Model
305 Multi-Link Automatic Ladler
(1)
Rimrock
Multi-Link Extractor
(1)
Firebrand
3,500-Lb. Gas-Fired Holding Furnace, S/N 9038, with
Temperature Controls
One (1) Prince Model 836 CCA 800-Ton
Aluminum Cold Chamber Die Cast Machine,
DA0008 including:
(1)
Advance Model
SR-1150 Automatic Reciprocator/Die Sprayers
(1)
Advance Model
SL-1500 Automatic Ladler, S/N 32070-99
(1)
ABB Type
IRB4400-M98 Industrial Robot, S/N 44-12809
(1)
O'Brien/Gere
Model PD512-00 3,500-Lb. Gas-Fired Holding Furnace, S/N
20006-01
One (1) Prince Model 836 CCA 800-Ton
Aluminum Cold Chamber Die Cast Machine,
DA0011, including:
Advance
Model SR-1150 Automatic Reciprocator/Die Sprayers
Advance
Model SL-1500 Automatic Ladler, S/N 3019-00
(1)
ABB IRB4400
M2000 Industrial Robot, S/N 44-20742
(1)
Seco/Warwick
3,200-Lb. Gas-Fired Aluminum Holding Furnace, S/N
FSR-954-95
One (1) Idra Model OL-700 770-Ton Aluminum
Cold Chamber Die Cast Machine, S/N
7187 including:
(1)
Rimrock
Automatic Extractor/Die Sprayer
(1)
Rimrock Ladler
S/N C10113
(1)
Seco/Warwick
3,200-Lb. Gas-Fired Aluminum Holding Furnace, S/N
FSR-956-95
One (1) Idra Model OL-700 IDRP 770-Ton
Aluminum Cold Chamber Die Cast Machine,
S/N 6932, including:
(1)
Rimrock Automatic
Extractor/Sprayer
(1)
Rimrock Model 405
Automatic Ladler, S/N 6231
(1)
O'Brien &
Gere Model ND514-99 1,500-Lb. Gas Fired Aluminum Holding
Furnace, S/N 20017
One (1) Prince Model 836 CCA 800-Ton
Aluminum Cold Chamber Die Cast Machine, S/N
DA1038, including:
(1)
Advance Model
SR1150 Automatic Reciprocator/Die Sprayer, S/N 3018-00
(1)
Advance Model
SL-1500 Automatic Ladler, S/N 32101-00
(1)
ABB Type
IRB4400M2000 Industrial Robot, S/N 44-21383
(1)
Seco/Warwick
3,200-Lb. Gas-Fired Aluminum Holding Furnace, S/N
F-628-95
<PAGE>
MELT
ROOM
1- O'Brien & Gere
Model MD127-98 Melt Furnace, S/N 99004-1, Asset #3, (1999);
Vertical,
Stack Type; with 84" x 48" x 24" Deep Conveyor Shaker; Mayfran
36"W x
15"L Elevated Scrap Conveyor, with Stack Shaker; Gas-Fired
Stack-Type
Melting Furnace, 72"D x 60"H, with (3) Burners, Rotating Base,
Structural
Steel Supports, and Mezzanine; Operator Control Panel, with
Allen-Bradley Model PanelView 550 PLC Controls; and Digital
Temperature
Controllers
1- MPH Model ACM-2000
20,000-Lb. Capacity Reverberatory Furnace, S/N 3978-79,
Asset #2,
(1979); Aluminum, Melt, 5,000,000-Btus Input, 2,000(degree)F
Maximum
Temperature, Gas Fired; with Epic Burners; North American
Control
Panel,
with Digital Temperature Controllers; and Single Door, with
Pneumatic
Lift; (Refractory Brick Rebuilt 2001)
1- MPH Model ACM-2000
20,000-Lb. Reverberatory Furnace, S/N 856-74, Asset #1,
(1974);
Aluminum, Melt, 5,000,000-Btus Input; 2,000(degree)F Maximum
Temperature, Gas Fired; with Epic Burners; North American Control
Panel,
with
Digital Temperature Controllers; and Single-Swing Open Door;
(Refractory Brick Replaced 1994; Refractory Brick Rebuilt 2001)
1- Amcor Injecta Model II
Fluxing Machine, S/N 66-201, (1966); with Kozma
Gas-Fired
Charging Stand; Carts; and Tanks
DIE CAST
AREA
1- Miller-Moorehead
Machinery 60-Ton Trim Press, S/N 1169; Hydraulic, 4-Post,
90" x 32"
Between Posts
1- Manufacturer Unknown
35-Ton Hydraulic Trim Press; 4-Post, Downacting, 26"
x 42"
Between Posts; with Self-Contained Hydraulic Power Supply; and
Safety
Light Curtains; (Remanufactured By Keystone In 2000)
1- Roto-Finish 96"D
Vibratory Finisher, S/N Unknown; with Powered Cleated
Belt
Infeed Conveyor
1- K.R. Wilson Model
DCT-38 38-Ton Trim Press, S/N 10980-001, (1985);
Hydraulic,
4-Post, Downacting, 40" x 26" Between Posts; with
Self-Contained Hydraulic Power Supply
1- Roto-Finish 96"D
Vibratory Finisher, S/N Unknown, Asset #4
1- Manufacturer Unknown
35-Ton Hydraulic Trim Press, S/N Unknown; 4-Post,
Downacting, Estimated 26" x 42" Between Posts; with
Self-Contained
Hydraulic
Power Unit; and Safety Light Curtain
1- Roto-Finish Model
Multi-Pass 96"D Vibratory Finisher, S/N Unknown
<PAGE>
1- Roto-Finish Model
Multi-Pass 96"D Vibratory Finisher, S/N MP-94-5-4-96-A2,
(1996);
Job #3822
1- Lester 700-Ton
Aluminum Cold Chamber Die Cast Machine, S/N 8583, Asset #7,
(1983);
(Remanufactured By EPCO In 1994); Epco S.O. #9429, T-Slot
Platen,
Interface
Shot End, Solid Frame Shot End Connection; with Safety
Ratchets;
Hydraulic
Ejector; Allen-Bradley Model PanelView 550 PLC Controls; Visi
Trak True
Trak 2020 Monitor; and Analysis System, To Include:
(1) Rimrock
Extractor/Sprayer
(1) Rimrock
Multi-Link Ladler
(1) Onex
(1) Mesh Belt
Air Cooling Conveyor
(1) Manufacturer
Unknown 1,500-Lb. Gas-Fired Holding Furnace
1- Roto-Finish Model
Spiratron 72"D Vibratory Finisher, S/N ER-1822S-96-C8,
(1996);
Job #3814
1- Lester 700-Ton
Aluminum Cold Chamber Die Cast Machine, S/N 8760, Asset #8;
(Estimated
1960s); Epco S.O. # 9056; (Remanufactured by EPCO 1990); T-Slot
Platens,
Interface Shot End, Solid Frame Shot End Connection; with
Safety
Ratchets;
Solid Frame Tie Bar Pullers; Hydraulic Ejector; and Vickers
SCS-2000
Shot Control System; To Include:
(1) Rimrock
Extractor/Sprayer
(1) Rimrock
Model 305 Multi-Link Automatic Ladler
(1) Manufacturer
Unknown 500-Lb. Gas Fired Holding Furnace
(1) Steel Mesh
Belt Air Cooling Conveyor
1- Roto-Finish Model
Spiratron 72"D Vibratory Finisher, S/N Unknown
1- Lester 800-Ton
Aluminum Cold Chamber Die Cast Machine, S/N 808, Asset #9,
(1964);
(Remanufactured By EPCO In 1991); Epco S.O. #9137, 50"V x 50"TH
T-Slot
Platen, 35"H x 36"V Die Clearance, 18" Minimum Daylight, 36"
Maximum
Daylight, 0-10-Shot Position, 28" Stroke, Motorized Die Height
Adjustment, Closed Loop Shot End, 3-Bar Shot End Connection; with
Safety
Ratchets;
Hydraulic Ejector; Allen-Bradley Model PanelView 550 PLC
Controls;
and Vickers SCS-2000 Shot Control System, To Include:
(1) Rimrock
Model 195 Extractor/Sprayer
(1) Rimrock
Model 465 Multi-Link Automatic Ladler
(1) Manufacturer
Unknown 1,000-Lb. Gas-Fired Holding Furnace
(1) Steel Mesh
Belt Air Cooling Conveyor
1- E. A. Doyle Model
DVP-30-3042 30-Ton Trim Press, S/N 3042-779-236, (1979);
Hydraulic,
4-Post, Downacting, 30" x 42" Between Posts; with
Self-Contained Hydraulic Power Supply
1- Roto-Finish 96"D
Vibratory Finisher, S/N Unknown
1- Lester 600-Ton
Aluminum Cold Chamber Die Cast Machine, S/N 8096, Asset
#11;
(Remanufactured By EPCO In 1991); Epco S.O. #9136, 47"V x 40"TH
T-Slot
Platen, 28.5"H x 28.5"V Die Clearance, 18" Minimum Daylight,
28"
Maximum
Daylight, 0-
<PAGE>
6-Shot
Position, 17.5" Stroke, Motorized Die Height
Adjustment, Interface Shot End, Solid Frame Shot End Connection;
with
Safety
Ratchets; Hydraulic Ejector; Visi-Track True Trak 2020 Monitor,
and
Analysis
System, To Include:
(1) Shotbeads
Sprayer
(1) Rimrock
Automatic Extractor
(1) Snair
Automatic Ladler
(1) Manufacturer
Unknown 800-Lb. Gas-Fired Holding Furnace;
(Furnace Currently in Maintenance; Currently Not in Service;
Operable)
(1) B.C.
Fabricators Steel Mesh Belt Air Cooling Conveyor
1- Lester 1,200-Ton
Aluminum Cold Chamber Die Cast Machine, S/N 15966, Asset
#12,
(1964); (Shot End Rebuilt In 2000); 65"V x 65"TH T-Slot Platen,
42"H
x 42"V Die
Clearance, 10.2" Minimum Daylight, 30" Maximum Daylight,
2-12-Shot
Position, 30" Stroke, Interface Shot End, 2-Bar Shot End
Connection; with
Safety Ratchets; Visi Trak True Trak 2020SX Monitor, and
Analysis
System, To Include:
(1) Rimrock
Model 195 Extractor/Sprayer
(1) Rimrock
Multi-Link Ladler (Maintenance Shop)
(1) Seco/Warwick
3200-Lb. Gas-Fired Aluminum Holding Furnace, S/N
FSR-955-95; 47"W x 81-1/2"L x 18"H, 2,000(degree)F Maximum
Temperature; with Digital Temperature Controller
(1) Steel Mesh
Belt Air Cooling Conveyor (Scrap)
(Currently
Not in Service; Inoperable)
1- Sweco 60"D Vibratory
Finisher, S/N Unknown; with Soundproof Lid
1- New Holland Chip
Wringer, S/N Not Available; 24" Diameter x 16" Depth
1- Platnick Bridge Crane,
S/N 98025, (1998); 7-1/2 Ton x 60' Span, Single
Girder,
Top Running, Overhead, Electric, Traveling; with Konecranes
Model
XL400
Electric Cable Hoist; and Pendant Control
1- Platnick 5-Ton Bridge
Crane, S/N 95037, (1995); 60' Span, Single Girder,
Top
Running, Overhead, Electric, Traveling; with Konecranes Model
XL300
Electric
Cable Hoist; and Pendant Control
1- Kitamura Model
Mycenter-0 Vertical Machining Center, S/N 75257, Asset
#5104,
(1997); Dual, 12" x 18", 1" Tables, 130-Lb. Table Load
Capacity,
12" X-,
10" Y-, and 12" Z-Axis Travel, 5.3" to 17.3" Distance From
Table
Surface to
Spindle Nose, 7.8" to 17.8" Distance From Column to Table
Center
Line, #30 Taper, 80 to 8,000-rpm Spindle Speeds, 3 hp Spindle
Drive;
with Spare Changer Automatic Pallet Changer; 16-Position
Automatic
Tool
Changer, with Asst. #30 Taper Tool Holders; Kitamura Yasnac CNC
Controls;
and (2) Model 10 HC Custom Designed and Fabricated 10-Cell
Multi
Collet
Work Hold Fixtures
3- 3-Ton Jib Cranes; Each
with 3-Ton Capacity Chain Hoist, Pendant Controlled
1- Spanco 5-Ton Jib
Crane, S/N 0208205; with Shaw-Box 5-Ton Capacity Cable
Hoist,
<PAGE>
Pendant
Controlled
1- 5-Ton Jib Crane; with
Wright 5-Ton Capacity Chain Hoist, Manual
1- Pangborn Model RG
Rotoblast Shot Blast Machine, S/N 140-2RG1-681; 22" x
30",
Tumblast; with Reclaim Elevator; and Hammond Model DK-1055
(Duskolector) Bag-Type Dust Collector, 4-Bag; (Overhauled In June
2003)
1- BAC Model VTO-065-J
Cooling Tower, (2003); Rooftop Mounted
MACHINING
1- Jet Model JDP-20MF 20"
Single-Spindle Floor-Type Drill, S/N 7030560
1- Mfr. Unknown 16"
Single-Spindle Floor-Type Drill; with Multi-Spindle Drill
Head
1- Delta Rockwell 16"
Single-Spindle Floor-Type Drill
1- 8" Single-End Wire
Wheel Buffer
1- Clausing Model 1667
16" 2-Spindle Production Drill, S/N 517856
1- Lincoln Model
DPF1658-2 16" Single-Spindle Floor-Type Drill, S/N 522795,
(1992)
1- Clausing Model 1635
16" 4-Spindle Production Drill, S/N 118087
1- Enshu Model Type DT-CL
Vertical CNC Tapping Center, S/N 345, Asset #5,
(1994);
16" x 27-1/2" Table, 23" X-, 16" Y-, and 16" Z-Axis Travel, 120
to
12,000-rpm
Spindle Speeds, 7.3 hp, #30 Taper; with ENAC-1 CNC Control
1- Denison Model
R065LC26ID266C218A59S220 6-Ton C-Frame Press, S/N 21063,
(1968)
1- Enshu Model Type DT-CL
Vertical CNC Tapping Center, S/N 439, Asset #4,
(1994);
16" x 27-1/2" Table, 23" X-, 16" Y-, and 16" Z- Axis Travel,
120
to 12,000
rpm Spindle Speeds, 7.3 hp, #30 Taper; with ENAC-1 CNC Control;
and Haas
Rotary Indexer
1- Starrett Granite
Surface Plate; 18" x 24" x 4" Table Size
1- Starrett 12" x 18" x
4" Granite Surface Plate
1- Manufacturer Unknown Aluminum Belt
Sander; 3" Belt; with Dust Collector
1- Mid-West Tool Custom
Designed and Fabricated Brushing Press, S/N 246
1- Clausing Model 2224
20" Single-Spindle Production Drill, S/N 106932
1- Custom Designed &
Fabricated Horizontal and Vertical Drilling Machine;
with
<PAGE>
Production
Table
1- Duracraft Model 45161
16" Single-Spindle Floor-Type Drill, S/N G03599,
(1987)
1- Enco Model DS-20 20"D
Disc Sander, S/N 8160, (1984), 2 hp; (Currently Not
in
Service; Operable)
1- Bridgeport Vertical
Milling Machine, S/N J107727, (1967), 1 hp; 80 to
2,720-rpm
Spindle Speeds, 9" x 42" Table
1- Gorton Drill Grinder,
S/N Unknown
1- Specially Manufactured
Horizontal Drilling Machine
1- Specially Manufactured
Horizontal Drilling Machine
1- Bridgeport Vertical
Milling Machine, S/N J15328, 1 hp; 80 to 2,720-rpm
Spindle
Speeds, 9" x 42" Table; with Specially Manufactured Work
Fixture
1- Clausing Model 1667
16" Single-Spindle Production Drill, S/N 516547
1- Takisawa Model TC-2
CNC Lathe, S/N THRMU5947, (1985); 7.37 hp, 20" Swing;
with
8-Position Turret; and Fanuc CNC Controls
1- Seibu Model SNC-200UP
Horizontal CNC Chucker, S/N 4-71840-5; 8" Swing, 5"
x 12"
T-Slot Worktable; with Collet Chuck; Fanuc Series O-T CNC
Control;
and
Oilmatic Model KTVM-5C-HM1 Automatic Oil Temperature Regulator
1- Seibu Model SNC-200UP
Horizontal CNC Chucker, S/N 4-71729-3; 8" Swing, 5"
x 12"
T-Slot Worktable; with Collet Chuck; Fanuc Series O-T CNC
Control;
and
Oilmatic Model KTVM-5C-HM1 Automatic Oil Temperature Regulator
1- Mitutoyo 48" x 72" x
10" Granite Surface Plate, S/N 2505-1
1- Lot of Factory and
Support Equipment For Both Machining and Tool Room
1- Hitachi Seiki Model
HT20SII CNC Turning Center, S/N 2843, Asset #785,
(1995), 15
hp; CNC, 2-Axis, 5,000-rpm Spindle Speeds, 15" Maximum Swing,
8-1/4"
Maximum Turning Diameter, 15" Maximum Turning Length, 2" Bar
Capacity;
with 10-Position Turret; Collet Chuck; Aercology Mist
Collector;
Elevated
Chip Conveyor; and Seiki Multi CNC Control
1- Sugino Model
ES2-2-3060 Self Feeder, S/N J11DA301219, (2004); with Collet
Chuck; and
Level Clamp
1- Ultraline 6" W x 6' L
Inclined Nose Over Conveyor, (2004); Variable Speed
1- Powermatic Model 1100
Drill Press, S/N 0-1186-1
<PAGE>
TOOLROOM
1- Wellsaw Model 1118
Horizontal Band Saw, S/N 2599; 30" Part Width Capacity,
12"
Throat
1- Carlton 3' x 10"D
Radial Arm Drill, S/N Unknown; 36 to 1,500-rpm Spindle
Speeds;
with 18" x 24" Drill Box Table; and 36" x 42" T-Slot Platform,
30"
Vertical
Travel
1- Coffing 3-Ton Chain
Hoist; Pendant Controlled
1- Dake Model 75H 75-Ton
Capacity Hydraulic H-Frame Press, S/N 140208,
(1960);
44" Between Posts
1- Lincoln Model Tig
300/300 300-Amp. Welder, S/N AC-586982, (1984); with
Dyna-Flux
Chiller
1- Lincoln Model Square
Wave Tig 175 175-Amp. Welder, S/N 01330-41980612459,
(1988)
1- Bridgeport
Variable-Speed Vertical Milling Machine, S/N 133804, (1951); 60
to
4,200-rpm Variable Spindle Speeds, 9" x 48" Table; with Bausch
& Lomb
Acu-Rite
II 3-Axis Digital Readout; and Machinists Vise
1- Bridgeport Vertical
Milling Machine, S/N 58781, (1962), 1 hp; 80 to
2,720-rpm
Spindle Speeds, 9" x 48" Table; with Teledyne Gurley Pathfinder
2-Axis
Digital Readout
1- Bridgeport Vertical
Milling Machine, S/N 105568, (1967), 1 hp; 80 to
2,720-rpm
Spindle Speeds, 9" x 48" Table
1- South Bend Model
CL8117C Toolroom Lathe, S/N 8668HKX12; 16" Swing, 52"
Bed, 38"
Between Centers, 1-1/2" Hole Through Spindle; with Threading
Attachment
1- Millport Model
SJ-1760G Engine Lathe, S/N 840517, (1984); 17" Swing, 80"
Bed, 60"
Between Centers, 2" Hole Through Spindle; with Threading
Attachment
1- Standard-Modern Model
Utilathe Series 2000 Toolroom Lathe, S/N 3873; 50 to
1,500-rpm
Spindle Speeds, 13" Swing, 42" Bed, 30" Between Centers, 1-1/2"
Hole
Through Spindle
1- Cincinnati Bickford
Model Super Service 28" Single-Spindle Production
Drill, S/N
3L414; 14" Throat, 18" x 28" T-Slot Worktable; with Machinists
Vise
1- Motor-Avey Model MA6
Single-Spindle Production Drill, S/N MA581; 12"
Throat,
21" x 22" Worktable
1- Grob Model NS18 18"
Vertical Band Saw, S/N 7311, (1953); 24" x 24"
Worktable;
with Blade Welding and Grinding Attachment
<PAGE>
1- Supermax Model YC-2VA
Vertical Milling Machine, S/N 061165, (1983), 2 hp;
75 to
3,600-rpm Spindle Speeds, 8" x 42" T-Slot Worktable,
Belt-Driven
Head; with
Yeong Chin Control
1- Wilson Rockwell Model
40UR Hardness Tester, S/N 2233-1285
1- Parts Washer; 22" x
32"
1- Starrett 16" x 24" x
4" Granite Surface Plate, S/N 619755
1- Johnson Model 142L
Gas-Fired Furnace, S/N 2846; 180-BTU Maximum Input
1- Chevalier Model
FSG-618 Surface Grinder, S/N A277A040, 1 hp; Hand Feed, 8"
Grinding
Wheel; with 6" x 18" Permanent Magnetic Chuck
1- Baldor 6" Double-End
Carbide Tool Grinder
1- Gorton Model 375 Drill
Grinder
1- Abrasive Machine Tool
6" x 18" Surface Grinder, S/N 317; Hand Feed, 12"
Grinding
Wheel; with
