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American Axle & Manufacturing Holdings Inc – IPO: ‘S-1/A’ on 6/5/98 – EX-10.05(A)

As of:  Friday, 6/5/98   ·   Accession #:  889812-98-1427   ·   File #:  333-53491

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 6/05/98  American Axle & Mfg Holdings Inc  S-1/A                 23:1.5M                                   Global Fin’l Press/NY/FA

Initial Public Offering (IPO):  Pre-Effective Amendment to Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1/A       Amendment No. 1 to Registration Statement              6     50K 
 2: EX-10.02    Component Supply Agreement                           209    615K 
 3: EX-10.02(A)  Amend. No. 1 to Component Supply Agreement            2     11K 
 4: EX-10.02(B)  Amend. No. 2 to Component Supply Agreement            2     11K 
 5: EX-10.02(C)  Letter of Intent Dated Feb. 21, 1996 by G.M.T.G.      5     19K 
 6: EX-10.02(D)  Letter of Intent Dated Feb. 21, 1996 by G.M.T.G.      3     18K 
 7: EX-10.02(E)  Letter Agreement                                     13     71K 
 8: EX-10.02(F)  Amended and Restated Memorandum of Understanding     39    261K 
 9: EX-10.02(G)  Mou Extension Agreement                               1     11K 
10: EX-10.03    Gmcl Purchase Order Agreement                         29     80K 
11: EX-10.04    Am/Gmcl Supply Agreement                              24     70K 
12: EX-10.04(A)  Amending Agreement Dated as of September 5, 1996,     1     10K 
                          Between Aam, Inc. and Gmcl                             
13: EX-10.04(B)  Amending Agreement Dated as of October 7, 1996,       1     11K 
                          Between Aam, Inc. and Gmcl                             
14: EX-10.04(C)  Amendment No. 1 to Aam/Gmcl Supply Agreement          1     10K 
                          Dated February 17, 1994, Between Aam,                  
                          Inc. and Gmcl                                          
15: EX-10.05    Agreement                                              1     10K 
16: EX-10.05(A)  Letter Dated December 13, 1996, by Aam, Inc.          4     24K 
17: EX-10.08    Management Stock Option Plan                          14     56K 
18: EX-10.10    Indemnification Agreement                             11     29K 
19: EX-10.16    Aam Master Trust Pooling Agreement                   130    425K 
20: EX-10.16(A)  Aam Master Trust Series 1997-A Supplement to        108    326K 
                          Pooling Agreement                                      
21: EX-10.17    Receivables Sale Agreement                            72    317K 
22: EX-10.18    Servicing Agreement                                   40    131K 
23: EX-10.19    Agreement for Information Technology Services        106    330K 


EX-10.05(A)   —   Letter Dated December 13, 1996, by Aam, Inc.

EX-10.05(A)1st Page of 4TOCTopPreviousNextBottomJust 1st
 

Exhibit 10.05(a) [LETTERHEAD OF AMERICAN AXLE & MANUFACTURING, INC.]* December 13, 1996 Mr. Thomas Liem Purchasing Manager GMTG 2000 Centerpoint Parkway Pontiac, MI 48341-3147 Dear Tom: Re: 96-01 and 97-01 Capacity/Mix Programs As you know, we have had several meetings as part of our Core Team activity regarding the financial impact the above referenced programs will have on AAM and how our two organizations can work together to address the challenges of the capacity and mix change requirements. It is worth restating several key points contained in the original 95-03T submission letter to you dated August 9, 1996. Please be assured that AAM is committed to fully support 96-01 and 97-01. However, several factors impact AAM's business case for each of the programs. As previously stated, AAM existing component prices were fixed at the *** levels, except for engineering changes. Productivity/throughput improvements have been applied, along with Upside I and Upside II capacity increases, in order to meet GMTG's increased schedule requirements. Capacity to accommodate 96-01 and 97-01 does not exist. Therefore, capital expenditures will be required to provide such capacity. Further, the capacity plans have been requested of AAM in an incremental fashion, driving investment inefficiencies when compared to what may have been a consolidated, single program approach with the GMT800 investment. The last paragraph of Section 3.3 of the Component Supply Agreement provides among other things for a review of AAM's financial position as it relates to capital expenditures and that GM and AAM agree to consider in good faith Existing Component price increases. We feel an acceptable method to provide a reasonable pay back on such investment would be a price increase on affected products. Any such increase could of course be of a temporary nature sufficient to accomplish this objective. A suggested pricing arrangement is enclosed for your -------------------- * Portions of this Exhibit 10.05(a) were omitted and filed separately with the Secretary of the Securities and Exchange Commission (the "Commission") pursuant to an application for confidential treatment filed with the Commission pursuant to Rule 406 under the Securities Act of 1933, as amended. Such portions are marked by the symbol "***".
EX-10.05(A)2nd Page of 4TOC1stPreviousNextBottomJust 2nd
Mr. Thomas Liem Page 2 December 13, 1996 consideration. If you are willing to consider such an approach, we will be prepared to discuss this matter in more detail at your convenience. AAM requests the rebillable tooling for 96-01 and 97-01 be paid in quarterly payments consistent with our GMT800 February 20, 1996 agreement. Rebillable tooling amounts are based on supplier estimates and will be updated as firm pricing is received. As you know, the required bridge banking for 96-01 has been converted from a Lean Capacity Rate basis to a Maximum Capacity Rate basis. Modifications to all premium charges to accomplish this will be detailed in a separate correspondence. The 96-01 investment continues to be made by AAM under the 120 day cancellation charge acknowledgment letter from you dated December 8, 1996. In order to facilitate the implementation of these program, AAM needs written concurrence on the following on or before December 20, 1996: o Rebillable tooling with quarterly payments. o Bridge banking and selected component sourcing at MCR levels as GM responsibility as evidenced by a letter of intent. o An acceptable pricing arrangement to cover pay back of capital expenditures. Please contact me if you have any questions. We look forward to supporting the ever increasing importance of light trucks and sport utilities in GM's vehicle product portfolio. Sincerely, /s/ David C. Dauch David C. Dauch Director, GM FST Programs Enclosure cc: L. Chissus - GM D. Demos - AAM
EX-10.05(A)3rd Page of 4TOC1stPreviousNextBottomJust 3rd
AMERICAN AXLE & MANUFACTURING 96-01 AAM CAPACITY PLAN TO SUPPORT GM [Enlarge/Download Table] =========================================================================================================================== Daily Volume Daily GMT 800 Volume Baseline 95-03T Volume Expected GM-NAO GM-NAO Price Over Price Price Estimated Products (LCR) (LCR) Increase* Increase* Increase* Tooling $ Lead Time Affected 11-03-95 12-13-96 Per Unit Duration Duration (millions) Weeks --------------------------------------------------------------------------------------------------------------------------- 8 1/4 Front 2132 2571 *** 2,387,024 1/1/98- *** 72 Axle 12/31/01 ---------------------------------------------------------------------------------------------------------------------------- 9 1/4 Front 405 530 *** 485,332 1/1/98- *** 72 Axle 12/31/01 ---------------------------------------------------------------------------------------------------------------------------- K-Aux 2454 3101 *** 2,873,064 1/1/98- *** 68 Propshaft 12/31/01 ---------------------------------------------------------------------------------------------------------------------------- C/K Strg 2500 3338 *** 3,341,288 7/1/99- *** 68 Linkage 6/30/03 ============================================================================================================================ * Price increase subject to change based on actual volumes attained in order to provide a ***, and assumes GMT 800 Program timing remains on schedule per GM-NAO LCR 2-13-96. Volume attainment to be mutually tracked and agreed to by AAM and GM.
EX-10.05(A)Last Page of 4TOC1stPreviousNextBottomJust 4th
AMERICAN AXLE & MANUFACTURING 97-01 AAM CAPACITY PLAN TO SUPPORT GM [Enlarge/Download Table] ================================================================================================================================== Daily Price Volume Expected Volume Daily Increase Over Price Price Estimated Products 96-01 Volume Per Increase Increase Tooling $ Lead Time Affected Baseline 97-01 Unit Duration Duration (millions) Weeks ---------------------------------------------------------------------------------------------------------------------------------- 7.25 1636 2014 *** 1,901,216 8/01/00- *** 80 Frt Axle 7/31/04 ---------------------------------------------------------------------------------------------------------------------------------- 8.25 2571 2795 *** 2,638,480 8/01/00- *** 80 Frt Axle 7/31/04 ---------------------------------------------------------------------------------------------------------------------------------- 9.25 534 749 *** 707,056 8/01/00- *** 80 Frt Axle 7/31/04 ---------------------------------------------------------------------------------------------------------------------------------- 7.625 4065 3923 *** N/A N/A *** N/A Rear Axle ---------------------------------------------------------------------------------------------------------------------------------- 8.6 Rear Axle 4504 4980 *** 4,701,120 8/01/00- *** 80 7/31/04 ---------------------------------------------------------------------------------------------------------------------------------- 9.5 Rear Axle 501 676 *** 638,144 8/01/00- *** 80 7/31/04 ---------------------------------------------------------------------------------------------------------------------------------- 10.5 794 591 *** N/A N/A *** N/A Rear Axle ---------------------------------------------------------------------------------------------------------------------------------- 11.5* 0 513 *** N/A N/A *** N/A Rear Axle ---------------------------------------------------------------------------------------------------------------------------------- Linkage Various Various *** N/A N/A *** N/A ---------------------------------------------------------------------------------------------------------------------------------- Propshaft Various Various *** 9,484,368 8/01/00- *** 80 7/31/04 ---------------------------------------------------------------------------------------------------------------------------------- Supplier Various Various *** Various N/A *** 80 ================================================================================================================================== Note: Price increase subject to change based on actual volumes attained in order to provide a ***, and assumes GMT-800 program timing remains on schedule per GM NAO LCR 9/25/96. Volume attainment to be mutually tracked and agreed to by AAM and GM. * Not included in 97-01 capacity/mix program - separate business case to be provided.

Dates Referenced Herein

Referenced-On Page
This ‘S-1/A’ Filing    Date First  Last      Other Filings
Filed on:6/5/98None on these Dates
12/20/962
12/13/9612
12/8/962
8/9/961
2/20/962
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Filing Submission 0000889812-98-001427   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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