Amendment No. 1 to Corporate Services Agreement between UCAR Carbon Company Inc. and UCAR Graph-Tech Inc.

Summary

This amendment updates the Corporate Services Agreement between UCAR Carbon Company Inc. and UCAR Graph-Tech Inc. It specifies how directors and officers insurance premiums and other insurance costs are allocated between the companies. It also requires Graftech to provide consulting services from Scott Mason to both companies, with each company responsible for half of his annual salary. The amendment clarifies reimbursement procedures depending on which company pays his salary. The changes are effective as of July 14, 2000.

EX-10.2.1 4 ex10-2_1.txt AMENDMENT #1 TO CORPORATE SERVICES AGREEMENT 1 EXHIBIT 10.2.1 AMENDMENT 1 TO THE CORPORATE SERVICES AGREEMENT BETWEEN UCAR CARBON COMPANY INC. AND UCAR GRAPH-TECH INC. The Corporate Services Agreement is hereby amended, in accordance with the following. 1. The following section is hereby added to the end of Schedule 1.2: "Pursuant to the above, the directors and officers insurance premiums have been allocated by UCAR to Graftech Inc. at a rate of $100,000 per year for coverage under the existing directors and officers insurance program. The allocation of other insurance costs is determined by asset value for property insurance and a combination of payroll and the number of vehicles for general liability and other insurance policies." 2. The following section is hereby added to the end of Schedule 3: "CONSULTING Graftech shall cause Scott Mason to provide general consulting services to both UCAR and Graftech. As the fee for such services, UCAR shall bear one-half of his annual salary. Currently, his salary is being paid by UCAR, with Graftech reimbursing UCAR an amount equal to one-half of his salary. At such time as he ceases to be on UCAR's payroll, UCAR will reimburse Graftech an amount equal to one-half of his salary." Date: July 14, 2000