Exhibit 10

Court Order on Trustee Compensation dated October 20, 2005

STATE OF MINNESOTA DISTRICT COURT COUNTY OF RAMSEY SECOND JUDICIAL COURT   Court
File No. C5-72-386008  
 
 
In the Matter of the Trust known as
Great Northern Iron Ore Properties ORDER
 
 

        This matter came on for hearing before Referee Dean Maus on October 19,
2005, upon the Petition for Instructions filed by Joseph S. Micallef, Roger W.
Staehle, Robert A. Stein and John H. Roe III, the duly appointed and acting
Trustees of the Trust known as Great Northern Iron Ore Properties.

        Sue Ann Nelson of Fredrikson & Byron, P.A., appeared on behalf of the
Trustees of the Trust known as Great Northern Iron Ore Properties.

        The Court, having heard the arguments of counsel, and based upon the
Petition, the affidavits filed in support of the Petition and the entire files
and record herein,

        IT IS HEREBY ORDERED:

        1.       Due, published and mailed notice of this hearing was given
pursuant to the Court’s Order dated August 24, 2005, as more fully appears from
the proof of publication and the Affidavits of Mailing contained in the file.

        2.       The requested increase in the compensation of the President of
the Trust from $150,000 per annum to $160,000 per year and an increase in the
bonus component from a maximum of $50,000 to a maximum of $60,000 per year
(computed as 1% of the excess of the gross income of the Trust over $5 million
for the year up to the maximum of $60,000), both effective as of July 1, 2005,
with the $60,000 bonus component payable in full for 2005 subject to the formula
calculation, is granted.

        3.       The requested increase in the compensation of the Trustees
other than the President from $50,000 to $60,000 per year, effective as of July
1, 2005, is granted.

Order Recommended by:     /s/   Dean Maus /s/   Margaret M. Marrinan

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Dean Maus Margaret M. Marrinan District Court Referee Judge of District Court
October 19, 2005 October 20, 2005

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