----

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|   | **GLOBE SPECIALTY METALS, INC.** |                         |
|--------|----------------------------------|------------------------------|
|   |                             |                         |   |
|   | By:                              | /s/ Joseph Ragan        |   |
|   |                             | Name:  Joseph Ragan     |   |
|   |                             | Title:    CFO |   |
|   |                             |                         |   |

----

|   | ALABAMA SAND AND GRAVEL, INC., a Delaware corporation  |                         |
|--------|--------------------------------------------------------|------------------------------|
|   | GLOBE METALLURGICAL INC., a Delaware corporation       |                         |
|   | GLOBE METALS ENTERPRISES, INC., a Delaware corporation |                         |
|   | GSM ALLOYS I INC., a Delaware corporation              |                         |
|   | GSM ALLOYS II INC., a Delaware corporation             |                         |
|   | GSM FINANCIAL, INC., a Delaware corporation            |                         |
|   | GSM SALES, INC., a Delaware corporation                |                         |
|   | L F RESOURCES, INC., a Delaware corporation            |                         |
|   | SOLSIL, INC., a Delaware corporation                   |                         |
|   | GSM ENTERPRISES HOLDINGS INC., a Delaware corporation  |                         |
|   |                                                   |                         |   |
|   | By:                                                    | /s/ Joseph Ragan        |   |
|   |                                                   | Name:  Joseph Ragan     |   |
|   |                                                   | Title:    CFO |   |
|   |                                                   |                         |   |

----

|   | CORE METALS GROUP HOLDINGS LLC, a Delaware limited liability company |                                                    |
|--------|----------------------------------------------------------------------|---------------------------------------------------------|
|   | By:                                                                  | **GLOBE METALS ENTERPRISES, INC.,**as sole member  |   |
|   |                                                                 |                                                    |   |
|   | By:                                                                  | /s/ Joseph Ragan                                   |   |
|   |                                                                 | Name:  Joseph Ragan                                |   |
|   |                                                                 | Title:    CFO                            |   |
|   |                                                                 |                                                    |   |

|   | CORE METALS GROUP LLC, a Delaware limited liability company |                                           |
|--------|-------------------------------------------------------------|------------------------------------------------|
|   | By:                                                         | CORE METALS GROUP HOLDINGS LLC, as sole member |   |
|   |                                                        | By:                                            | GLOBE METALS ENTERPRISES, INC., as sole member |   |
|   |                                                        |                                           |   |
|   |                                                        |                                           |   |
|   | By:                                                    | /s/ Joseph Ragan                          |   |
|   |                                                        | Name:  Joseph Ragan                       |   |
|   |                                                        | Title:    CFO                   |   |
|   |                                                        |                                           |   |

|   | GBG FINANCIAL, LLC, a Delaware limited liability company |                                         |
|--------|----------------------------------------------------------|----------------------------------------------|
|   | GBG HOLDINGS, LLC, a Delaware limited liability company  |                                         |
|   | By:                                                      | GSM ENTERPRISES LLC, as sole member     |   |
|   | By:                                                 | GLOBE SPECIALTY METALS, INC., as sole member |   |
|   |                                                     |                                         |   |
|   | By:                                                      | /s/ Joseph Ragan                        |   |
|   |                                                     | Name:  Joseph Ragan                     |   |
|   |                                                     | Title:    CFO                 |   |
|   |                                                     |                                         |   |

|   | GLOBE ARGENTINA HOLDCO LLC, a Delaware limited liability company |                                         |
|--------|------------------------------------------------------------------|----------------------------------------------|
|   | By:                                                              | GLOBE SPECIALTY METALS, INC., as sole member |   |
|   |                                                                  |                                         |   |
|   | By:                                                              | /s/ Joseph Ragan                        |   |
|   |                                                             | Name:  Joseph Ragan                     |   |
|   |                                                             | Title:    CFO                 |   |
|   |                                                             |                                         |   |

----

|   | GLOBE REALTY LLC, a New York limited liability company |                                               |
|--------|--------------------------------------------------------|----------------------------------------------------|
|   | By:                                                    | GLOBE SPECIALTY METALS, INC., as sole member  |   |
|   |                                                   |                                               |   |
|   | By:                                                    | /s/ Joseph Ragan                              |   |
|   |                                                   | Name:  Joseph Ragan                           |   |
|   |                                                   | Title:    CFO                       |   |
|   |                                                   |                                               |   |

|   | GSM ENTERPRISES LLC, a Delaware limited liability company |                                         |
|--------|-----------------------------------------------------------|----------------------------------------------|
|   | By:                                                       | GLOBE SPECIALTY METALS, INC., as sole member |   |
|   |                                                      |                                         |   |
|   | By:                                                       | /s/ Joseph Ragan                        |   |
|   |                                                      | Name:  Joseph Ragan                     |   |
|   |                                                      | Title:    CFO                 |   |
|   |                                                      |                                         |   |

|   | METALLURGICAL PROCESS MATERIALS, LLC,a Delaware limited liability company |                         |
|--------|---------------------------------------------------------------------------|------------------------------|
|   |                                                                      |                         |   |
|   | By:                                                                       | /s/ Joseph Ragan        |   |
|   |                                                                      | Name:  Joseph Ragan     |   |
|   |                                                                      | Title:    CFO |   |
|   |                                                                      |                         |   |

|   | TENNESSEE ALLOYS COMPANY LLC,a Delaware limited liability company |                         |
|--------|-------------------------------------------------------------------|------------------------------|
|   |                                                              |                         |   |
|   | By:                                                               | /s/ Joseph Ragan        |   |
|   |                                                              | Name:  Joseph Ragan     |   |
|   |                                                              | Title:    CFO |   |
|   |                                                              |                         |   |

|   | ALDEN RESOURCES LLC, a Delaware limited liability company   |                         |
|--------|-------------------------------------------------------------|------------------------------|
|   | GATLIFF SERVICES, LLC, a Delaware limited liability company |                         |
|   |                                                        |                         |   |
|   | By:                                                         | /s/ Joseph Ragan        |   |
|   |                                                        | Name:  Joseph Ragan     |   |
|   |                                                        | Title:    CFO |   |
|   |                                                        |                         |   |

----

|   | ALDEN SALES CORP, LLC, a Delaware limited liability company |                                    |
|--------|-------------------------------------------------------------|-----------------------------------------|
|   | By:                                                         | GBG HOLDINGS, LLC, as sole member  |   |
|   |                                                        | By:                                     | GSM ENTERPRISES LLC, as sole member |   |
|   |                                                        |                                    | By: | GLOBE SPECIALTY METALS, INC., as sole member |   |
|   |                                                        |                                    |   |
|   | By:                                                         | /s/ Joseph Ragan                   |   |
|   |                                                        | Name:  Joseph Ragan                |   |
|   |                                                        | Title:    CFO            |   |
|   |                                                        |                                    |   |

|   | ALDEN RESOURCES LLC, a Delaware limited liability company |                                 |
|--------|-----------------------------------------------------------|--------------------------------------|
|   | By:                                                       | ALDEN RESOURCES, LLC, as sole member |   |
|   |                                                      |                                 |   |
|   | By:                                                       | /s/ Joseph Ragan                |   |
|   |                                                      | Name:  Joseph Ragan             |   |
|   |                                                      | Title:    CFO         |   |
|   |                                                      |                                 |   |

|   | NORCHEM, INC, a Florida corporation |                         |
|--------|-------------------------------------|------------------------------|
|   |                                |                         |   |
|   | By:                                 | /s/ Joseph Ragan        |   |
|   |                                | Name:  Joseph Ragan     |   |
|   |                                | Title:    CFO |   |
|   |                                |                         |   |

----

|   | **CITIZENS BANK OF PENNSYLVANIA,** |                          |
|--------|------------------------------------|-------------------------------|
|   | as Agent and a Lender              |                          |
|   |                               |                          |   |
|   | By:                                | /s/ David W. Stack       |   |
|   |                               | David W. Stack                |   |
|   |                               | Its Duly Authorized Signatory |   |
|   |                               |                          |   |

----

|   | Compass Bank d/b/a  BBVA Compass, as a Lender |                                           |
|--------|----------------------------------------------------|------------------------------------------------|
|   |                                               |                                           |   |
|   | By:                                                | /s/ Cameron D. Gateman                    |   |
|   |                                               | Name:  Cameron D. Gateman                 |   |
|   |                                               | Title:    Senior Vice President |   |
|   |                                               |                                           |   |

----

|   | Branch Banking and Trust Company ________________, as a Lender |                                           |
|--------|----------------------------------------------------------------|------------------------------------------------|
|   |                                                           |                                           |   |
|   | By:                                                            | /s/ Max Greer                             |   |
|   |                                                           | Name:  Max Greer                          |   |
|   |                                                           | Title:    Senior Vice President |   |
|   |                                                           |                                           |   |

----

|   | PNC BANK, NATIONAL ASSOCIATION, as a Lender |                                              |
|--------|---------------------------------------------|---------------------------------------------------|
|   |                                        |                                              |   |
|   | By:                                         | /s/ Mahir J. Desai                           |   |
|   |                                        | Name:  Mahir J. Desai                        |   |
|   |                                        | Title:    Assistant Vice President |   |
|   |                                        |                                              |   |

----

|   | **WELLS FARGO BANK, NATIONAL ASSOCIATION,** |                                           |
|--------|---------------------------------------------|------------------------------------------------|
|   | as a Lender                                 |                                           |
|   |                                        |                                           |   |
|   | By:                                         | /s/ Harry E. Ellis                        |   |
|   |                                        | Name:  Harry E. Ellis                     |   |
|   |                                        | Title:    Senior Vice President |   |
|   |                                        |                                           |   |

----

|   | Fifth Third Bank, as a Lender |                                    |
|--------|-------------------------------|-----------------------------------------|
|   |                          |                                    |   |
|   | By:                           | /s/ Jim Schmalz                    |   |
|   |                          | Name:  Jim Schmalz                 |   |
|   |                          | Title:    Vice President |   |
|   |                          |                                    |   |

----

| Revolving Lender                   | Revolving Loan Commitment |
|------------------------------------|---------------------------|
| Citizens Bank of Pennsylvania      | $ 36,666,666.66           |
| PNC Bank, N.A.                     | $ 31,666,666.67           |
| Wells Fargo Bank, N.A.             | $ 31,666,666.67           |
| Compass Bank d/b/a BBVA Compass    | $ 23,333,333.33           |
| Branch Banking & Trust Company | $ 16,666,666.67           |
| Citibank, N.A.                     | $ 16,666,666.67           |
| Fifth Third Bank                   | $ 16,666,666.67           |
| Capital One, National Association  | $ 13,333,333.33           |
| HSBC Bank USA, N.A.                | $ 13,333,333.33           |
|                               |                      |
| Total                              | $200,000,000.00           |

----

| Plant                     | Location                                      |
|---------------------------|-----------------------------------------------|
| FerroAtlántica S.A.  |                                          |
| Castrelo                  | A Coruña (Castrelo) / Xallas river       |
| Sta. Eugenia I            | A Coruña (Ezaro) / Xallas river          |
| Sta. Eugenia II           | A Coruña (Ezaro) / Xallas river          |
| Nuevo Pindo               | A Coruña (Ezaro) / Xallas river          |
| Fervenza                  | A Coruña (A Reboira) / Xallas river      |
| Puente Olveira            | A Coruña (Castrelo) / Xallas river       |
| Carantoña            | A Coruña (Pasarela) / Rio Grande         |
| Hidro Nitro Española |                                          |
| S.A.                      |                                          |
| Barasona                  | Huesca (Graus) / Esera river                  |
| El Ciego                  | Huesca (Estada) / Cinca river                 |
| Arias I                   | Huesca (Somontano de Barbastro) / Cinca river |
| Arias II                  | Huesca (Somontano de Barbastro) / Cinca river |
| Ariéstolas           | Huesca (Somontano de Barbastro) / Cinca river |
| FerroPem S.A.S.*          |                                          |
| Saint-Béron          | Saint-Béron / Rhône-Alpes region    |
| Villelongue               | Pierrefite / Hautes-Pyrénées region |