Document:

Coke Purchase Agreement - October 28, 2003

 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL

 TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS 

BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE 

TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 

COKE PURCHASE AGREEMENT 
 By and Between 
 HAVERHILL NORTH COKE COMPANY, 

And 

ISG CLEVELAND INC., ISG INDIANA HARBOR INC., AND 
 ISG SPARROWS POINT INC. 
 DATED OCTOBER 28, 2003 

 Exhibit 10.22 
 COKE PURCHASE AGREEMENT 
 THIS COKE PURCHASE AGREEMENT
dated as of October 28, 2003, is made by and between Haverhill North Coke Company, a Delaware corporation (“Seller”), on the one hand, and ISG Cleveland Inc., a Delaware corporation, ISG Indiana Harbor, Inc., a Delaware corporation,
and ISG Sparrows Point, Inc., on the other (each, a “Purchaser” and, collectively, the “Purchasers”). 
 For good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Parties, intending to be legally bound, agree as follows: 

ARTICLE I 

DEFINITIONS; BASIC OBLIGATIONS OF THE PARTIES 

Section 1.1 Definitions. The definitions of certain capitalized terms used in this Agreement are contained in the
attached Appendix A. 
 Section 1.2  Basic Obligations of the Parties. Subject to the terms and
conditions of this Agreement: 
 (a) Following the Commencement of Coke Production at the Coke Plant and
continuing until the Full Production Date, Seller shall, subject to the terms, conditions and requirements of this Agreement, sell to Purchasers, and Purchasers shall accept and pay for, all Coke produced from ovens at the Coke Plant for the
Contract Price, 
 (b) Commencing on the Full Production Date and throughout the Take or Pay Term, Seller shall,
subject to the terms, conditions and requirements of this Agreement, sell to each Purchaser, and each Purchaser shall accept from Seller on a take or pay basis, Coke in accordance with the Coke Supply and Purchase Obligation applicable to such
Purchaser for the Contract Price. 
 (c) Following the Take or Pay Term and throughout the Requirements Term,
Seller shall, subject to the terms, conditions and requirements of this Agreement, sell to each Purchaser, and each Purchaser shall accept from Seller, Coke in accordance with such Purchaser’s Requirements for the Contract Price. 

Section 1.3 Seller’s Notice. Within three (3) business days of commencement of construction of the Coke
Plant, Seller shall provide Purchasers Written notice of same. Thereafter, Seller shall provide Purchasers with Written progress reports not less than once per quarter until the construction of the Coke Plant is completed and Commencement of Coke
Production has been achieved. Furthermore, Seller will provide Purchasers with at least five (5) months advance Written notice regarding the date on which initial production of Coke at the Coke Plant is estimated to commence. 

  
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 ARTICLE II 
 TERM 
 Section 2.1 This Agreement shall become
effective as of the date of execution hereof and, subject to earlier termination in accordance with this Agreement, shall continue in effect until the conclusion of the Requirements Term. 

Section 2.2 Take or Pay Term. The Take or Pay Term of this Agreement shall commence as of the Full Production Date
and subject to earlier termination in accordance with this Agreement, shall continue in effect until the last day of the month immediately following the date which is seven (7) years from the Full Production Date. 

Section 2.3 Requirements Term. The Requirements Term of this Agreement shall commence immediately following the
conclusion of the Take or Pay Term and, subject to earlier termination in accordance with this Agreement, shall continue in effect until the last day of the month immediately following the date which is eight (8) years thereafter. 

ARTICLE III 
 CONTRACT PRICE AND PAYMENT TERMS 
 Section 3.1 Contract
Price. The Contract Price is an amount equal to the sum of (i) the Fixed Cost per Ton of Coke, (ii) the Variable Cost per Ton of Coke, (iii) the Coal Cost per Ton of Coke, (iv) applicable Transportation Costs; and
(v) applicable Taxes. 
 Section 3.2 Determination of Coke Tonnage. All Coke Tonnage shall be
weighed by certified scales of Norfolk Southern Railway Company and its subsidiary railroads (“Norfolk Southern”). Provided, however, if for any reason weights for the entirety or any portion of any Coke shipment are not made available by
Norfolk Southern to Seller, then the weight of such Coke shipment or, as applicable, portion thereof shall be reasonably determined in accordance with relevant scale data provided by Norfolk Southern to Seller in connection with prior Coke
shipments. All Coke Tonnage shall be adjusted to the required moisture content in accordance with the following formula: 
 Tons
Sold = Total Tons x (1 – actual percentage moisture content) 
 ***** 

The actual moisture percentage content of Coke shall be determined in accordance with Section 5.1. 

Section 3.3 Fixed Cost per Ton of Coke. The Fixed Cost per Ton of Coke is $***** . 

Section 3.4 Variable Cost per Ton of Coke. The Variable Cost per Ton of Coke is $***** from the Commencement of
Coke Production at the Coke Plant through the first Contract Year. Thereafter, the Variable Cost per Ton of Coke is subject to increase or decrease annually on the anniversary date of Commencement of Coke Production at the Coke Plant based upon the
Variable Cost Index. 

  
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 Section 3.5 Coal Cost Per Ton of Coke. 

(a) The Coal Cost per Ton of Coke is: (i) the actual monthly weighted average Coal Costs divided by (ii) the
product of: (x) the Moisture Adjusted Coal Blend Tonnage charged to the coke ovens at the Coke Plant set forth in each applicable invoice, taking into account Coal Handling Losses, and (y) the Guaranteed Coke Yield Percentage. 

The Moisture Adjusted Coal Blend Tonnage shall be the weighted average thereof for each applicable calendar month, and shall account for
Coal Blend moisture on a fixed ***** percent***** (***** %) basis to be determined in accordance with the following formula: 
 Moisture Adjusted Coal Blend Tonnage = actual Coal Blend Tonnage (as determined in accordance with Section 3.5(b)) x [(1 — the actual moisture content of the such Coal Blend Tonnage) ÷
***** ] 
 Such actual moisture shall be determined based on sampling of the actual Coal Blend Tonnage immediately prior to
coking thereof, and the testing and analysis on a composite basis, all of which shall be performed in accordance with ASTM Standards. 
 The Coal Handling Losses shall be fixed at ***** %, and shall be accounted in accordance with the following formula: 
 Moisture Adjusted Coal Blend Tonnage for each Coke Shipment 
 *****

 (b) Seller’s static scale shall weigh Coal Blend Tonnages immediately prior to coking. Such scale shall
have an accuracy of not less than plus or minus (+/-) one quarter of one percent (0.25%), and shall be calibrated in accordance with the manufacturer’s instructions at Seller’s sole cost and expense. Absent Manifest Error, such weight
determinations shall be conclusive and binding on the Parties. 
 (c) The Guaranteed Coke Yield Percentage is
determined in accordance with the following formula: 
 Blast furnace coke “dry” yield equals 100%
less the sum of (i) the percentage of dry basis volatile matter in the Coal Blend (described as the typical dry basis volatile matter in the Coal contracts pertaining to the Coal Blend); (ii) ***** percent (***** %) allowance for Breeze;
and (iii) a ***** percent (***** %) allowance for net operating losses in the coking process. 
 Seller will
re-determine the Guaranteed Coke Yield Percentage whenever the Coal Committee directs Seller to change any of the coals included in any Coal Blend, such that the proportionate share of such coals within such Coal Blend is increased or decreased by
***** percent***** (***** %) or more. 
 Section 3.6 Transportation Costs. The Transportation Costs
include the actual costs incurred by Seller to transport Coke to each respective Delivery Point, namely (i) costs and charges payable by Seller to Norfolk Southern or, as applicable, other railroad carriers, in accordance with the
transportation agreements between them; (ii) demurrage charges actually 

  
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incurred by Seller in connection with delays caused by any of the Purchasers in the placement or unloading of Coke at, any Delivery Point; and (iii) the actual costs of freeze conditioning
agents that are applied to Coke shipments during periods of cold weather at the express, written request of any of the Purchasers, provided, however, that during the Requirements Term, Purchasers shall not be liable for any “Deficit
Charges” imposed by Norfolk Southern in accordance with such transportation agreements where such Deficit Charges arise from Seller’s failure to meet the Volume Commitment, to the extent such Volume Commitment exceeds Purchasers
Requirements. Such transportation agreements shall be subject to Written approval by Purchasers prior to the execution thereof by Seller. 
 Section 3.7 Taxes. Taxes related to Coke and Third Party Supplied Coke shall be paid by Purchasers. 
 Section 3.8 Inventories. Coal inventory will be accounted for on a first-in, first-out basis in accordance with GAAP. 

Section 3.9 Terms of Payment/Invoicing. 

(a) Subject to Section 7.3, promptly following the delivery to Norfolk Southern of each Coke shipment, Seller shall
deliver by facsimile transfer or electronic mail, or by such other method agreed upon by the Parties in Writing, a provisional invoice for each such shipment to the Purchaser to which such shipment is delivered. The provisionally invoiced amount
shall be (i) the product of (A) the Coke Tonnage for such shipment as determined in accordance with Section 3.2, and (B) the Contract Price then in effect (based upon Seller’s good faith estimate of the Coal Costs), less
(ii) (subject to Section 3.9(b)) any price adjustments to the Contract Price as determined in accordance with Section 5.2. 
 (b) Properly invoiced amounts under this Agreement shall become due and payable in immediately available federally insured wired funds fifteen (15) calendar days after Purchaser’s receipt of the
provisional invoice; provided, however, that in the event of a conflict between the provisional invoice and the confirming manifest, the confirming manifest shall govern amounts due. Such payment obligation shall not be subject to any right of set
off. The Purchaser may withhold payment of any invoice until such time as the applicable Coke shipment has been delivered or Constructively Placed for delivery at the Delivery Point. Purchasers shall be jointly and severally liable for the payment
of invoices. Any late payment shall accrue interest at the Interest Rate from the date such amount becomes due through (but excluding) the date such payment is made. 

(c) Revisions to the provisional invoice will be made on a monthly final invoice delivered to each Purchaser to reflect
actual adjustments to the Coal Costs for Coke delivered to such Purchaser during the preceding month and, as applicable any amounts payable in accordance with Section 5.1(d). That invoice will be submitted to each Purchaser within fifteen
(15) calendar days following the end of each applicable calendar month. The final invoice shall incorporate, as applicable, credits due to such Purchaser or any additional amounts due from such Purchaser. In the case of any credits, such
credits will be deducted, on a pro rata basis, from the next succeeding invoice(s) submitted to such Purchaser. 

  
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 Section 3.10 By-Products; Option to Purchase Breeze. Seller shall
retain all By-Products for its own account, and Seller shall retain all proceeds from the sale or other disposition of By-Products. Provided, however, during each complete calendar year transpiring during the Term, each Purchaser may, at its option,
purchase Breeze for the market price therefore FOB the Coke Plant in effect as of the date such Purchaser exercises that option. In order to exercise that option, a Purchaser must notify Seller, in Writing, of its exercise thereof at least one
hundred eighty (180) calendar days prior to the commencement of the applicable calendar year. 
 Section
3.11 Section 29 and Similar Credits. If any Coke qualifies for a non-conventional fuels tax credit under Section 29 of the Internal Revenue Code of 1986, as amended, or any similar or successor provision (“Section 29
Credits”), then the Contract Price shall be reduced (as such Section 29 Credits are earned) by an amount equal to ***** percent***** (***** %) of the net economic value realized by Seller from such Section 29 Credits, if and when the
transactions which cause Seller to realize and monetize such Section 29 Credits are finalized. If such Section 29 Credits become available, then the parties will negotiate in good faith an addendum to this Agreement to implement such *****
% discount. Subject to the foregoing, in the event that any new program providing for credits, rebates or similar economic benefits are enacted or authorized by any Governmental Authority subsequent to December 31, 2003 for which the Coke is
eligible (“New Governmental Credits”), Seller and Purchasers shall share in such New Governmental Credits pursuant to a formula to be negotiated in good faith by the Parties at such time as the New Governmental Credits become available.

 Section 3.12 Audit Rights. Purchasers shall have the right during normal working hours of Seller, to
review and inspect such books and records of Seller and its Affiliates as Purchasers deem reasonably necessary to verify any amounts payable by Purchasers under this Agreement Purchasers shall provide Seller with at least two (2) business days
Written notice prior to their commencement of any such review and inspection. Such review and inspection shall take place at the place in which such books and records are customarily maintained. 

ARTICLE IV 

THE COAL COMMITTEE AND COAL BLEND SELECTION 

Section 4.1 Authority. The Coal Committee shall select, by majority vote, Coal Blends that conform to the Coal
Blend Standards, and may make recommendations to Seller regarding Seller’s acquisition of coals and related testing, blending, handling and delivery procedures. A single representative of Purchasers shall be the chairman of the Coal Committee.
Purchasers shall be entitled, on a collective basis, to exercise one vote, and Seller shall be entitled to one vote with respect to Coal Committee matters. Meetings of the Coal Committee shall be scheduled at intervals and at locations to be
mutually agreed upon by the Parties. 
 Section 4.2 Selection of Coal Blends. 

(a) The Coal Committee shall select the initial Coal Blend at least three months prior to the Commencement of Coke
Production at the Coke Plant. Thereafter, on an annual basis, Seller will perform analysis and testing with respect to Coal Blends recommended by the Coal 

  
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Committee for the purpose of selecting the Coal Blend for the succeeding (approximate) twelve-month period. 

(b) Coal Committee Disputes. 

(i) Coal Committee disputes are to be resolved by a third party consultant (the “Third Party
Consultant”), within seven (7) days of a Party giving Written notice to the other Party requesting referral of an issue to a Third Party Consultant. The selection of such Third Party Consultant shall be made from a list to be approved by
the Coal Committee prior to its selection of the initial Coal Blend. The Coal Committee may, in it sole discretion, supplement or otherwise modify that list from time to time. The Third Party Consultant shall be designated from such list not later
than the third (3rd) Business Day following the expiration of the seven (7) day notice period. Within two (2) Business Days of the effectiveness of the designation of a Third Party Consultant, each of the Parties shall submit to the
Third Party Consultant a notice (a “Position Notice”) setting forth in detail such Party’s position in respect of the issues in dispute. Such Position Notice shall include supporting documentation, if appropriate. 

(ii) The Third Party Consultant shall issue its decision as promptly as reasonably possible, but in any
event within ten (10) Business Days of the date on which both Position Notices are submitted. In resolving a dispute, the Third Party Consultant shall consider all facts and circumstances it deems reasonable given the nature of the dispute. The
decision of the Third Party Consultant shall be final. 
 (iii) The list of Third Party
Consultants and consultants shall contain qualified consultants with experience in the design, operation and maintenance of coke batteries and coal testing, analysis, processing, shipping and carbonization. A Party may at any time remove. a
particular ‘Consultant or consultant from the list by obtaining the other Party’s reasonable consent to such removal. However, neither Party may remove a name or names from the list if such removal would leave the list without at least
three (3) names. During January of each year, the Parties shall review the current list of Third Party Consultants and give notice to the other of any proposed additions to the list and any intended deletions. Proposed additions or deletions
shall become effective thirty (30) days after notice is received by the other Party unless written objection is made by such other Party within such thirty (30) days. 

Section 4.3 Seller’s Responsibilities. Seller shall develop good faith estimates of Coal Costs for each Coal
Blend evaluated by the Coal Committee, including such costs on a per Ton of Coke basis. Seller shall exercise reasonable commercial efforts to purchase Coal Blends selected by the Coal Committee at the market price for the Coals constituting such
Coal Blends, to cause each actual Coal Blend used in the production of Coke to conform to the selected Coal Blend, and to implement the recommendations of the Coal Committee. Unless otherwise authorized in Writing by the Coal Committee, Seller shall
not purchase Coal from an Affiliate of Seller, and Coal purchase agreements shall have a term not less than one (1) year each, Seller shall retain the responsibility and authority for daily operating matters involving the Coal Blends and
compliance with the Guaranteed Quality Standards, without any requirement to consult with or obtain the approval of the Coal Committee. 

  
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 Section 4.4 Sampling and Testing. Prior to purchasing any of the
Coals comprising any Coal Blend selected by the Coal Committee (except for purchases made for the purpose of sampling and testing thereof), sampling and testing of all such Coals shall be performed in a manner reasonably acceptable to the Parties,
and each Party shall be provided with a reasonable opportunity to review and, if appropriate, object to such test results. Such sampling and testing shall include the collection of representative samples of meaningful quantities of each potential
Coal to be prepared and tested in a laboratory approved by the Coal Committee for moisture, ash, sulfur, volatile matter, PSI (free swelling index), oxidation (via petrographic techniques and US Steel method), ash mineral analysis (including P205,
Na20, K20 and chlorine) and other parameters as agreed to from time to time. The Seller and Purchasers will use their best commercial efforts to have the cost of such analysis be to the account of the potential Coal supplier(s). Seller shall arrange
for similar sampling and testing to be carried out with respect to Coals actually purchased by Seller for the production of coke and each Party shall be provided a reasonable opportunity to review and, if appropriate, object to such test results.
Upon the reasonable request of Purchasers, Seller shall process blends of Coals for trial purposes at the Plant. 
 Section 4.5 Good Faith Review. If Seller determines that any selected Coal Blend will not conform to the Coal Blend Standards, then it shall promptly notify the chairman of the Coal Committee in
Writing of that opinion, and shall provide evidence in support of that opinion that is reasonably satisfactory to Purchasers. Should the Coal Committee not promptly select a new Coal Blend following such notification by Seller, then the Coal
Committee shall appoint, as soon as reasonably possible, a qualified independent laboratory to sample and test the Coals constituting the Coal Blend to determine whether the Coal Blend will conform to the Coal Blend Standards The cost of such
independent laboratory and testing procedures shall be borne equally by the Parties. Such sampling and testing shall be performed in accordance with ASTM Standards. If, following such sampling and testing, Seller reasonably determines that the Coal
Blend will not conform to the Coal Blend Standards, and promptly provides Written notice of such determination to the chairman of the Coal Committee, then the Coal Committee shall select another Coal Blend that complies with the Coal Blend
Standards. The Parties shall cooperate in good faith to efficiently implement each changeover of the Coal Blend. 
 Section 4.6 Unsuitability of Selected Coal Blend. If the Coal Blend selected by the Coal Committee does not in practice conform to the Coal Blend Standards, or if sufficient quantities thereof
become unavailable, then Seller shall promptly inform Purchasers in Writing of such nonconformity or unavailability and the Coal Committee shall thereafter select, as soon as reasonably possible, a new Coal Blend that conforms to the Coal Blend
Standards. If, pending selection of any such Coal Blend by the Coal Committee, the use by Seller of the Coal Blend originally selected by the Coal Committee materially affects the Coke Plant or Seller’s ability to comply with its obligations
under this Agreement, then, pending Coal Committee selection of a new Coal Blend, Seller shall have the authority to direct the Coal Committee to utilize another Coal Blend that incorporates the Coals at the Coke Plant or Coals that are otherwise
reasonably available to Seller and which, in Sellers’ reasonable judgment, meets or reasonably approximates the Coal Blend Standards. 

  
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 ARTICLE V 
 GUARANTEED QUALITY STANDARDS; WARRANTY OF GOOD TITLE 

Section 5.1 Coke Sampling, Testing and Analysis. 

(a) Subject to Section 5.1(d), one (1) representative Coke sample increment will be taken from the loading belt
during the loading of each railcar. Each such increment will be a complete cross section cut as taken from the loading belt by the mechanical sampling system. All such samples shall be stored in an open container situated within a controlled, indoor
environment prior to the testing and analysis thereof as required in Section 5.1(c). Seller shall retain splits of such Coke samples for not less than thirty (30) calendar days. Upon reasonable notice to Seller, each Purchaser shall be
entitled to be present during the sampling, preparation, analysis, and loading of Coke shipments. 
 (b) Coke
samples will be prepared on a daily basis by an independent laboratory in accordance with ASTM Standards, or alternative procedures approved in Writing by Seller and Purchasers. 

(c) Moisture, sulfur, ash, volatile matter and stability will be tested and analyzed on a daily basis, and the results
thereof shall be arithmetically averaged, on a shipment basis, to determine conformity with the Guaranteed Quality Standards applicable thereto. Size will be tested and analyzed based upon composite sampling of two (2) consecutive shipments,
and the results thereof shall determine conformity with the Guaranteed Quality Standards applicable thereto. CSR and ash mineral analysis shall be determined based upon testing and analysis of monthly composite samples. Such testing and analysis
shall be performed in accordance with ASTM Standards or other procedures approved by the Parties in Writing, and shall govern for the purposes of determining conformity with the Guaranteed Quality Standards applicable thereto. Except for size and
CSR, all daily results (prior to any averaging thereof), and all consolidated results utilized to determine compliance with the Guaranteed Quality Standards, will be provided by Seller to Purchasers promptly in Writing, and prior to the delivery of
the applicable shipment. Purchasers shall have the right to conduct an audit of all results of such sampling, preparation, testing and analysis for the purpose of auditing Seller’s compliance with such sampling, preparation, testing and
analysis procedures. 
 (d) If, based upon a six (6) month “rolling” average of the moisture
content of Coke shipments, a material discrepancy arises between the measurement thereof as determined by Seller, and the measurement thereof by Purchasers, then the Parties shall promptly meet for the purpose of resolving such discrepancy in good
faith, If the Parties are unable to resolve such discrepancy, then available sample splits from such Coke shipments shall be provided to an independent laboratory (to be mutually agreed upon by the Parties in good faith) for the purpose of
determining the basis of any such discrepancy and, as applicable, recommendations for materially improving the measurement of Coke moisture content by Seller or Purchasers. Where appropriate, the Parties shall promptly implement such
recommendations, unless otherwise agreed upon by them in Writing. Provided, however, the (i) preparation, testing and analysis of Coke shipments by Purchasers that give rise to any such material discrepancy shall be in accordance with ASTM
Standards, or other procedures approved by the Parties in Writing, and 

  
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shall not arise from Manifest Error; and (ii) in the event the implementation of any such recommendations results in increased direct cost to Seller, then ***** percent (***** %) of that
increased direct cost shall be reimbursed by Purchasers to Seller a monthly basis as an itemized charge incorporated into the special monthly final invoice set forth in Section 3.9(b). 

Section 5.2 Guaranteed Quality Standards. 

(a) Subject to Article IV, Coke shall conform to the Guaranteed Quality Standards set forth in Schedule 5.2. Subject to
Section 5.2(b), if Coke quality exceeds or, as applicable, is less than the “threshold” Guaranteed Quality Standards (excepting moisture) based upon sampling, preparation, testing and analysis set forth in Section 5.1, then the
Contract Price shall be adjusted as set forth in Schedule 5.2. In addition, Seller shall take prompt corrective measures to correct any nonconformity, and shall promptly inform Purchasers in Writing of such corrective measures. 

(b) Subject to Article IV, if the quality of Coke or Third Party Supplied Coke exceeds or, as applicable, is less than
the “reject” Guaranteed Quality Standards set forth in Schedule 5.2 based upon sampling, preparation, testing and analysis set forth in Section 5.1 (“Nonconforming Coke”), then Seller shall take immediate corrective measures
prior to the delivery of any further Coke shipments to Purchasers, and shall promptly notify Purchasers in Writing of such corrective measures. If Nonconforming Coke is consumed or commingled with any other coke acquired by Purchasers, then
Purchaser shall pay an amount per Ton for such coke equal to the sum of (i) Contract Price (as adjusted for quality pursuant to Schedule 5.2) minus (ii) ***** percent (***** %) of such adjusted Contract Price (the “Discounted Coke
Price”), and payment for such Nonconforming Coke shall be made in accordance with Section 3.9. However where Nonconforming Coke is not commingled with other coke acquired by any Purchaser, it may be rejected by Purchasers by means of
prompt written notification thereof by Purchasers to Seller or, at Purchasers’ option, may be purchased by any of them for the Discounted Coke Price. Upon rejection of such Coke, title to such Coke shall revert to Seller and Seller shall accept
all risk of loss, damage, or destruction therefore. 
 (c) Seller shall be required to remove from
Purchasers’ facilities any Nonconforming Coke that is properly rejected by Purchasers. Seller will be responsible for all removal costs. Purchasers may require Seller to make up the corresponding shortfall pursuant to a reasonable shipment
schedule to be specified by Purchasers. 
 Section 5.3 Changes to Quality Standards. In conjunction with
the annual review of the Coal Blends by the Coal Committee, Purchasers may collectively request revisions to the Guaranteed Quality Standards. Promptly after receipt of Purchasers’ request, Seller shall enter into good faith discussions with
Purchasers regarding such changes; provided, however, Seller shall not be required to make any adjustment that would have a material adverse effect on (i) Coal Blend Standards; (ii) Seller’s economic returns (including, without
limitation, the operating or capital costs associated with the Coke Plant, or the “threshold” or “reject” Guaranteed Quality Standards) and/or, (iii) contracts between Seller and third parties including, without limitation,
Coal purchase contracts. Any increase or decrease in costs and charges associated with any such change shall be for the account of Purchasers. 

  
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 Section 5.4 Title. Seller warrants that at the time of delivery of
Coke or Third Party Supplied Coke to each respective Delivery Point, it shall have good title and full right and authority to transfer such Coke or Third Party Supplied Coke to Purchasers, and that the title conveyed shall be good and its transfer
shall be rightful and that such Coke or Third Party Supplied Coke shall be delivered free from any security interest or other lien or encumbrance. 
 Section 5.5 Exclusivity. THE WARRANTIES AND REMEDIES EXPRESSLY SET FORTH IN THIS ARTICLE V ARE EXCLUSIVE AND ARE IN LIEU OF ALL OTHER WARRANTIES AND REMEDIES, WHETHER WRITTEN OR ORAL, IMPLIED IN
FACT OR IN LAW, AND WHETHER BASED ON STATUTE, CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE. THE WARRANTY OF MERCHANTABILITY AND WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE ARE EXPRESSLY EXCLUDED AND DISCLAIMED. 

ARTICLE VI 

OBLIGATIONS RELATED TO COKE SUPPLY 
 Section 6.1 Coke Supply and Purchase Obligation. 
 (a) For
periods prior to the Take or Pay Term, Seller shall sell, and Purchasers shall purchase all Coke production of the Coke Plant, subject to the terms, conditions and requirements of this Agreement. 

(b) Take or Pay Term. For each Contract Year transpiring during the Take or Pay Term, the Coke Supply and Purchase
Obligation for the Base Case Coal Blend shall be not less than ninety eight percent (98%), nor more than one hundred two percent (102%), of five hundred fifty thousand (550,000) Tons of Coke. The Coke Supply and Purchase Obligation for Coal
Blends containing volatile matter content percentages that differ from the Base Case Coal Blend shall be not less than ninety eight percent (98%) nor more than one hundred two percent (102%) of the Coke Tonnage set forth in the attached
and incorporated Schedule 6.1(b). 
 (c) Requirements Term. For each Contract Year transpiring during the
Requirements Term, Seller shall supply, and each Purchaser shall accept and pay for, Coke Tonnage in accordance with each Purchasers’ Requirements. Purchasers shall notify Seller, collectively in Writing, of each Purchasers’ Requirements
on an annual basis, and at least one hundred eighty (180) calendar days prior to the commencement of the applicable Contract Year. Following such Written notification, Purchasers’ Requirements for that Contract Year shall be fixed.
Provided, however, if Purchasers fail to deliver such Written notice to Seller on a timely basis, then it shall be presumed that Purchasers’ Requirements is five hundred fifty thousand (550,000) Tons of Coke. 

(d) Expansion of Coke Plant. If, subsequent to the Initial Completion Date, Seller determines to expand the capacity of
the Coke Plant, then Seller shall provide Purchasers Written notice of Seller’s proposed expansion, and Purchasers shall have ninety (90) calendar days following receipt of such notice to exercise a right of first refusal to purchase all
or any portion of the Coke production associated with such expanded capacity up to two hundred twenty 

  
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thousand (220,000) Tons of Coke (“Baseline Increased Capacity”), at the pricing, terms and conditions set forth in this Agreement. For any increase of Coke production capacity in
excess of such Baseline Increased Capacity, Purchasers shall have ninety (90) calendar days following their receipt of such Written notice to exercise an option to purchase all or any portion of such additional production upon pricing, terms,
and conditions to be negotiated in good faith by Seller to Purchasers. 
 Section 6.2 Third Party Supplied
Coke. If Seller is unable to produce sufficient Coke at the Coke Plant to meet the Coke Supply and Purchase Obligation during the Take or Pay Term, or Purchasers’ Requirements during the Requirements Term, then Seller shall promptly provide
Written notice of same to Purchasers and Seller shall exercise commercially reasonable efforts to obtain Third Party Supplied Coke. Third Party Supplied Coke shall comply with the Guaranteed Quality Standards. The price Purchaser shall pay for Third
Party Supplied Coke Tonnage shall be the lesser of (i) the current Contract Price for equivalent Coke Tonnage, subject to adjustment pursuant to Section 5.2; or (ii) in the case of Third Party Supplied Coke Tonnage obtained from a
person other than an Affiliate of Seller at a delivered price which is less than the applicable current Contract Price for equivalent Coke Tonnage (as adjusted pursuant to Section 5.2), actual delivered price to the applicable Delivery Point.
Seller shall arrange for the delivery of Third Party Supplied Coke to each Delivery Point designated by Purchasers in Writing, and shall exercise reasonable, good faith efforts to arrange for such deliveries in accordance with Purchasers’
requested Written delivery schedule. Promptly following the delivery to the appropriate Delivery Point of any Third Party Supplied Coke shipment, Seller shall deliver by facsimile transfer or electronic mail, or by such other method agreed upon by
the Parties in Writing, an invoice for each such shipment to the Purchaser to which such shipment is delivered. Payment therefore shall be made in accordance with Section 3.9(b). 

Section 6.3 Purchaser Obtained Coke. Seller shall promptly notify Purchasers in Writing in the event Seller
reasonably believes it cannot deliver Third Party Supplied Coke pursuant to Section 6.3 hereof and the amount of projected shortfall between Third Party Supplied Coke and the Coke Supply and Purchase Obligation. If Seller does not deliver Coke
or Third Party Supplied Coke to Purchasers (i) in an amount sufficient to conform to the Coke Supply and Purchase Obligation or, as applicable, Purchasers’ Requirements, then Purchasers may make commercially reasonable arrangements to
acquire Purchaser Obtained Coke. If the commercially reasonable price of Purchaser Obtained Coke plus the actual, direct costs incurred by Purchasers to deliver such Purchaser Obtained Coke to each respective Delivery Point is greater than the
Contract Price for equivalent Coke Tonnage, then Seller shall reimburse Purchasers for the amount of such excess. Provided however, if Commencement of Coke Production at the Coke Plant has not commenced by the Initial Completion Deadline, and
production is not delayed by a Seller Force Majeure Event, then the cover price per Ton shall be based upon what the Contract Price would have been at the time of cover if the Coke Plant had commenced production, until the Commencement of Coke
Production at the Coke Plant. In the event Purchasers secure Purchaser Obtained Coke, then Purchasers shall use commercially reasonable efforts to limit its use of Purchaser Obtained Coke to the time period for which Purchasers reasonably believe,
based on facts and circumstances disclosed in Writing to Purchasers by Seller, that Seller will not be able to provide Coke or Third Party Supplied Coke 

  
 11 

 
sufficient to comply with the Coke Supply and Purchase Obligation or, as applicable, Purchasers’ Requirements. 
 ARTICLE VII 
 DELIVERY OF COKE AND THIRD PARTY SUPPLIED COKE

 Section 7.1 Shipments. Subject to Section 7.3, Coke and Third Party Supplied Coke shipments
shall be by rail carrier in full train shipments. Coke shall be loaded onto railcars as it is produced. Each Coke shipment shall be deemed delivered, and title to, and risk of loss of, such Coke shall, be transferred from Seller to the applicable
Purchaser when the railcars transporting that Coke shipment are actually or Constructively Placed by the rail carrier at the applicable Delivery Point. Upon transfer of title of Coke and Third Party Supplied Coke to Purchasers, Purchasers shall have
the right to use, resell, redirect or otherwise dispose of Coke in Purchasers’ sole discretion. 
 Section
7.2 Delivery Point Selection. Purchasers shall designate a representative to select the appropriate Delivery Point for each Coke shipment. Delivery Point designations shall be made on a monthly basis pursuant to a common Written delivery
schedule prepared by Purchasers and delivered to Seller at least two (2) weeks prior to commencement of such month. Purchasers shall have the right to add Delivery Points under this Agreement, provided than any new Delivery Point not located at
existing plant locations of Purchasers as of the date of execution of this Agreement shall not result in the displacement of any of Seller’s then-existing obligations to supply coke supplies at such Delivery Point. Provided, however, if an
additional Delivery Point is selected by Purchasers, then Purchasers must approve in Writing the corresponding transportation agreement for shipments from the Coke Plant to such Delivery Point, and the addition of any such Delivery Point as provided
for herein shall be subject to such Written approval by Purchasers. 
 Section 7.3 Stockpiling. Seller
will provide Purchasers with appropriate storage at the Coke Plant for up to ten thousand (10,000) Tons of Coke. In the event any Purchaser directs Seller to stockpile Coke, such Purchaser shall pay the Contract Price for such stockpiled Coke
Tonnage, which shall be assessable following the stockpiling of such Coke, plus (i) a stocking fee of $***** per Ton of stockpiled Coke, which shall also be assessable following the stockpiling of such Coke; and (ii) a de-stocking fee
equal to $***** per Ton of de-stocked Coke, which shall be assessable following Seller’s receipt of a Written directive to de-stock such stockpiled Coke and Seller’s completion of such de-stocking. Payment of such invoiced amounts shall be
in accordance with Section 3.9(c). Title to Coke stockpiled under this provision shall pass to such Purchaser upon stockpiling. 
 Section 7.4 Seller’s Rights When Purchaser Wrongfully Refuses Delivery of Coke. 
 (a) If any Purchaser refuses or fails to accept any delivery of Coke or Third Party Supplied Coke and such refusal or failure is a breach of such Purchaser’s obligations under this Agreement, then
(i) the moisture content of such Coke or Third Party Supplied Coke shall not be required to conform to the moisture specification set forth in the Guaranteed Quality Standards; 

  
 12 

 
and (ii) the risk of loss for such Coke or Third Party Supplied Coke shall pass to Purchasers upon such wrongful refusal or failure. 

(b) Where any Purchaser refuses or fails to accept delivery of Coke or Third Party Supplied Coke, and such refusal or
failure is a breach of such Purchaser’s obligations under this Agreement, Seller may resell the same upon Written notification by Seller to Purchaser of its intention to resell. Where such resale is made in good faith and in a commercially
reasonable manner, Seller shall recover the difference between the resale price and the Contract Price together with Incidental Damages, but less expenses saved as a consequence of Purchaser’s breach. Provided, however, if (i) that
Purchaser subsequently accepts such Coke or Third Party Supplied Coke for delivery prior to any resale; or (ii) Seller is unable after commercially reasonable efforts to resell such Coke or Third Party Supplied Coke, then Purchasers shall pay
to Seller the Contract Price therefore. 
 ARTICLE VIII 

CHANGES IN GOVERNMENTAL REQUIREMENTS 
 Section 8.1 Government Mandated Additional Expenditures. 

(a) If, following the date of this Agreement, Seller determines that a change in Government Requirements may materially
burden Seller’s performance of its obligations under this Agreement, Seller shall so notify Purchasers in Writing. Seller’s performance shall be materially burdened where any such Government Requirement has a material adverse impact on
(i) the Guaranteed Quality Standards; (ii) the Coal Blend Standards, (iii) the Guaranteed Coke Yield Percentage; (iv) the cost of operating or maintaining the Coke Plant (including capital costs); (v) the production capacity
of the Coke Plant; or (vi) Seller’s performance obligations to third parties related to coal purchasing, transportation, handling and blending contracts. Such notice shall incorporate Seller’s good faith proposals for complying with
those changes in Government Requirements, including the estimated cost thereof. 
 (b) During the sixty
(60) day calendar day period following delivery of any such notice, Seller and Purchasers shall negotiate in good faith to reach agreement as to (i) whether any such change in Government Requirements should be challenged, including the
scope and manner of such challenge; and (ii) the most economical and commercially prudent methods for complying with the change in Government Requirements. 

(c) If such negotiations result in agreement as to whether to challenge the Government Requirements or as to the methods
for complying with the change in Government Requirements, then Seller shall promptly implement such challenge or methods as appropriate. Costs and charges associated with any such challenge (including, without limitation, attorneys’ and
consultants’ fees, and fines and penalties) shall be borne equally by Seller and Purchasers. If no such agreement is reached or if such challenge is unsuccessful, then Seller shall implement commercially reasonable methods for complying with
the change in Government Requirements. In connection therewith, any associated Government Mandated Additional Capital Expenditures or Government Mandated Additional Expenses shall be performed at the lowest practicable cost at the time each such
cost is incurred. 

  
 13 

 Section 8.2 Government Mandated Additional Capital Expenditures.
Government Mandated Additional Capital Expenditures shall have an assumed useful life equal to the greater of seven (7) years or the remainder of the Term following completion of the Government Mandated Additional Capital Expenditures. As soon
as the Government Mandated Additional Capital Expenditures have been completed, the monthly cost thereof for the remaining months of the Term will be calculated in accordance with Schedule 8.2, and ***** percent (***** %) of such costs shall be
payable by Purchasers to Seller. Provided, however, if Seller incurs a Government Mandated Additional Capital Expenditure, and if the remainder of the Tern is less than seven (7) years, then Purchaser shall not be obligated to pay to Seller the
unamortized balance of such Government Mandated Additional Capital Expenditure as calculated in accordance with Schedule 8.2. 
 Section 8.3 Payment for Government Mandated Additional Expenses. ***** percent***** (***** %) of the actual cost of the Government Mandated Additional Expenses shall be invoiced to Purchasers on a
monthly basis. 
 ARTICLE IX 
 FORCE MAJEURE 
 Section 9.1 Seller Force Majeure
Event(s). 
 (a) Seller Force Majeure Event(s) are: 

(i) acts of God, acts of the public enemy, insurrections, riots, strikes, lockouts, boycotts, picketing or
other disputes or differences with workers, floods, interruptions to transportation, embargoes, acts of military authorities or other causes of a similar nature which wholly or partly prevent the production, transportation or delivery of Coke;

 (ii) an outage at the Coke Plant that causes a complete or a material partial shutdown of the
Coke Plant that (x) lasts longer than twenty (20) consecutive days, and (y) is due to fire, explosion or other accident not resulting from the misconduct of Seller, or urgent and unforeseen safety requirements. In the event of such a
complete or material partial shutdown of the Coke Plant, the Seller Force Majeure Event shall commence on the twenty-first day following the complete or material partial shutdown of the Coke Plant; or 

(iii) unavailability of sufficient quantities of Coals (including transportation therefore) utilized in
any Coal Blend. 
 (b) Seller will provide Purchasers with prompt Written notice of the nature and probable
duration of each Seller Force Majeure Event and of the extent of its effects on Seller’s performance hereunder, including, without limitation, the amount of Coke, if any, Seller will be able to deliver to Purchasers during such Seller Force
Majeure Event. Seller shall be obligated to deliver to Purchaser the amount of Coke that Seller notifies Purchaser it will be able to deliver during each Seller Force Majeure Event. 

  
 14 

 (c) Seller shall use commercially reasonable efforts to attempt to limit the
effects and duration of each Seller Force Majeure Event, including (as appropriate) restoring any damaged property necessary to reinstate the obligations of Seller under this Agreement, selecting alternate Coals for a Coal Blend that, in
Seller’s reasonable judgment, conforms to or reasonably approximates the Coal Blend Standards, and supporting Purchasers in locating alternate sources of substitute coke Tonnage for the duration of such Seller Force Majeure Event (as set forth
herein); provided nothing in this Section shall be deemed to require Seller ‘to resolve any strike or other labor dispute except on terms that are satisfactory to Seller in its sole discretion. As long as deliveries of Coke are suspended in
whole or in part due to a Seller Force Majeure Event, Seller shall use commercially reasonable efforts to assist Purchasers in obtaining alternate supplies of coke up to the Coke Supply and Purchase Obligation or, as applicable, Purchasers’
Requirements. Purchasers’ obligation to purchase Coke shall be limited to that portion of the Coke Supply and Purchase Obligation or, as applicable, Purchasers’ Requirements that Seller is able to deliver to Purchasers, but in any event
not in excess of that which Seller indicated that it could supply to Purchasers in Seller’s notice of Seller Force Majeure Event given pursuant to Section 9.1(b). When Seller’s ability to deliver Coke is no longer suspended as a
result of the applicable Seller Force Majeure Event, Seller’s and Purchasers’ obligations under this Agreement will be reinstated with a prorated portion of the Coke Supply and Purchase Obligation or, as applicable, Purchaser’s
Requirements, while Seller was subject to the applicable Seller Force Majeure Event. 
 Section 9.2 Purchaser
Force Majeure Event(s). 
 (a) Purchaser Force Majeure Event(s) are: 

(i) acts of God, acts of the public enemy, insurrections, strikes, lockouts, boycotts, picketing or other
disputes or differences with workers floods, interruptions, to transportation, embargoes, acts of military authorities or other causes of a similar nature which in whole or in part prevent Purchaser from being able to accept Coke from Seller; or

 (ii) an outage of steel or iron making facilities that causes a complete or a material partial
shutdown of one or more of the Blast Furnace(s) that (x) lasts longer than twenty (20) consecutive days, and (y) is due to fire, explosion or other accident not resulting from the misconduct of Purchaser, or urgent and unforeseen
safety requirements. In the event of such a complete or material partial shutdown, the Purchaser Force Major Event shall commence on the twenty-first day following the complete or material partial shutdown thereof. 

(b) The affected Purchaser will provide Seller with prompt Written notice of the nature and probable duration of each
Purchaser Force Majeure Event and of the extent of its effects on such Purchaser’s performance hereunder. Provided that, during such Purchaser Force Majeure Event, the affected Purchaser shall be obligated to purchase from Seller, at the
Contract Price, all Coke Tonnage that meets its requirements in excess of coke Tonnage supplied to it from coke plants operated by Purchasers or their Affiliates, and from Jewell Coke Company, L.P., so long as such purchases shall not cause
Purchasers to be in default of purchase 

  
 15 

 
obligations under any coke supply agreement in existence as of the date of execution of this Agreement. 
 (c) The affected Purchaser shall use commercially reasonable efforts to attempt to limit the effects and duration of such Purchaser Force Majeure Event, including restoring any damaged property necessary
to fully reinstate the obligations of Purchaser under this Agreement, provided that, nothing in this Section shall be deemed to require a Purchaser to resolve any strike or other labor dispute except on terms that are satisfactory to such Purchaser
in its sole discretion. When the affected Purchaser’s ability to perform is no longer suspended as a result of Purchaser Force Majeure Event(s), such Purchasers’ and Seller’s obligations under this Agreement will be reinstated with a
prorated Coke Supply and Purchase Obligation or, as applicable, Purchasers’ Requirements while such Purchaser was subject to the applicable Purchaser Force Majeure Event. 
 ARTICLE X 
 DISPUTE RESOLUTION 

Section 10.1 Attempt at Resolution. Other than a claim for equitable relief, which may be brought directly to any
court of proper jurisdiction, should any claim or dispute arise out of any of the provisions of this Agreement, the Parties shall first attempt in good faith to resolve such claim or dispute within thirty (30) calendar days after either Party
notifies the other that a claim or dispute exists. If the Parties can not resolve any such dispute within such thirty (30) day period, either Party may invoke the provisions of Section 10.2. This provision will not limit any Party from
exercising any remedy it may have under this Agreement. 
 Section 10.2 Interpretation and Dispute
Resolution. 
 (a) Other than a claim for equitable relief, which may be brought to any court of competent
jurisdiction, any claim or controversy between the Parties hereto arising out of or relating to this Agreement or the breach thereof which the Parties are unable to resolve pursuant to Section 10.1, shall be settled by arbitration pursuant to
the terms of the United States Arbitration Act, whether or not federal jurisdiction is obtained. Notwithstanding the foregoing, the parties agree to preserve, without diminution, those remedies that any Party hereto may employ or exercise freely,
independently or in connection with an arbitration proceeding or after an arbitration action is started. The Parties shall have the right to proceed in any court of appropriate jurisdiction to exercise or prosecute the following remedies, as
applicable: (i) procedures for immediate relief such as a Seller’s remedies to stop goods in transit, withhold or refuse delivery, reclaim or replevy goods and resell goods, and Purchasers’ remedy of cover, or other remedy deemed
reasonably appropriate by Purchasers to obtain coke supply; and (ii) procedures for obtaining equitable relief. 
 (b) The Parties shall attempt to agree on the selection of an arbitrator within forty-five (45) days from receipt of notice of intent to arbitrate. If the Parties cannot agree on an arbitrator then
either Party may move to have the arbitrator appointed by the United States District Court for the Southern District of Ohio, Western Division. Time shall be of the essence in nomination of the arbitrator. The arbitration award by the arbitrator
shall be final and binding, 

  
 16 

 
shall include reasonable interest at the Interest Rate, and, unless the arbitrator expressly determines them not to be appropriate, shall include costs, including reasonable attorney’s fees,
together with interest at the Interest Rate. A judgment to enforce the arbitration award may be entered in any court of appropriate jurisdiction. 
 (c) Any arbitration hereunder shall be conducted in Cincinnati, Ohio in accordance with the Commercial Arbitration Rules of the American Arbitration Association. 

(d) Upon the date of an arbitration award, if it is determined that an amount is due from one Party to the other, then
such amount will be paid to the Party to whom it is due within ten (10) days from the final settlement, or written determination of the arbitrator, as the case may be. A Party’s failure to pay any amount due or otherwise take the required
actions within the required time shall be an Event of Default by such Party. 
 ARTICLE XI 

MUTUAL UNDERTAKINGS; REPRESENTATIONS AND WARRANTIES 

Section 11.1 Cooperation. The Parties each warrant that this Agreement is not inconsistent with any existing
respective legal or contractual obligations of such Party, including, without limitation, any agreements between such Party and that Party’s employees or third parties (such as any collective bargaining agreement(s) by which such Party may be
bound). 
 Section 11.2 Further Assurances. From time to time after the date hereof and without further
consideration, the Parties shall each take such other action, and execute such other documents and instruments, as any Party to this Agreement may reasonably request to more effectively carry out the transactions contemplated by this Agreement.

 Section 11.3 Compliance with Laws. Each of the Parties to this Agreement represents and warrants to
the other that no federal or state court of competent jurisdiction or any governmental authority or agency has enacted or issued a law, rule, regulation, order, decree or ruling, or taken any other action which, in the reasonable opinion of
respective counsel to each Party, restrains, joins or otherwise prohibits any of the actions contemplated hereby. 
 ARTICLE
XII 
 DEFAULT AND REMEDIES 
 Section 12.1 Purchasers’ Events of Default. Purchasers shall be in default upon the occurrence of one or more of the following events (each a “Purchaser Default”): 

(i) A Payment Default by any Purchaser, which Payment Default remains uncured for ten (10) calendar
days following receipt of Written notice by Seller to the Purchasers; 
 (ii) If the Purchasers
become Bankrupt; or 

  
 17 

 (iii) Except as provided in Sections 12.1(i) and
(ii) hereof, if Purchaser otherwise fails to perform, observe, or comply with any other agreement, covenant or provision of this Agreement, and such breach (x) has not been corrected, cured or remedied within sixty (60) calendar days
after Written notice of such breach has been provided by Purchasers, or (y) if such cure cannot reasonably be completed within such 60 (sixty) day period, Purchaser commences actions to effect a cure within such 60 (sixty) day period and
continues to prosecute such cure with reasonable diligence thereafter, provided that any cure commenced hereunder must be completed within one hundred and twenty (120) days following the commencement of such cure. 

Section 12.2 Seller’s Events of Default. Seller shall be in default upon the occurrence of one or more of the
following events (each a “Seller Default”): 
 (i) If Seller does not, within ten
(10) business days following Purchaser’s delivery of Written notice to Seller regarding Seller’s failure to deliver Coke or Third Party Supplied Coke as required by this Agreement, commence corrective action reasonably acceptable to
Purchaser to cure or remedy such failure and cure or remedy such failure within sixty (60) days; 
 (ii) If Seller has not met the Initial Completion Deadline; 
 (iii) If Seller becomes Bankrupt; or 
 (iv) Except
as provided in Sections 12.2(i), (ii) and (iii) hereof, if Seller otherwise fails to perform, observe, or comply with any other agreement, covenant or provision of this Agreement, and such breach (x) has not been corrected, cured or
remedied within sixty (60) calendar days after Written notice of such breach has been provided by Purchasers, or (y) if such cure cannot reasonably be completed within such 60 (sixty) day period, Seller commences actions to effect a cure
within such 60 (sixty) day period and continues to prosecute such cure with reasonable diligence thereafter, provided that any cure commenced hereunder must be completed within. one hundred and twenty (120) days following the commencement of
such cure. 
 Section 12.3 Pursuit of Remedies. Upon the occurrence of an Event of Default, either Party
may pursue its corresponding legal remedies through the procedures set forth in Article X. 
 Section 12.4
Seller’s Termination for Breach. Upon the occurrence of (i) a Purchaser Default under Section 12.1(i) that is not cured by Purchasers with thirty (30) calendar days, (ii) the Purchasers become Bankrupt, or
(ii) such other Purchaser Default that is not cured prior to the expiration of the cure period set forth in Section 12.1(iii), then, in addition to pursuing its remedies pursuant to Section 12.3, Seller may terminate this Agreement
effective immediately upon the delivery of Written notice thereof to Purchasers. Seller’s damages upon such a termination, or upon a rejection of this Agreement by a trustee in bankruptcy, will be equal to the sum of the following (without
duplication): (x) any amounts due under this Agreement as of the effective date of termination for Coke delivered but not yet paid for; (y) all reasonable costs and expenses incurred by Seller as a result of terminating this Agreement that
would not have been incurred had the parties been able to continue to perform under this Agreement including, 

  
 18 

 
without limitation, the Fixed Cost per Ton of Coke multiplied by five hundred fifty thousand (550,000) Tons, for each Contract Year (or portion thereof) remaining in Term, less any
Mitigation Proceeds as such Mitigation Proceeds are realized by Seller. 
 Section 12.5 Purchasers’
Termination for Breach. Upon the occurrence of a Seller Default, then, in addition to pursuing their remedies pursuant to Section 12.3, Purchasers may collectively terminate this Agreement effective immediately upon the expiration of the
applicable cure period. Purchasers’ damages upon such a termination, or upon a rejection of this Agreement by a trustee in bankruptcy, will be equal to the purchase price for replacement coke for the balance of the Term, together with any
commercially reasonable purchase and transportation costs incurred by Purchasers in connection therewith, plus Incidental Costs incurred by Purchasers in obtaining replacement coke supplies. 

Section 12.6 Early Termination without Event of Default. Purchasers and Seller shall each have the right to
terminate this Agreement effective immediately on delivery of Written notice of termination if by December 31, 2003: 
 (i) Seller does not receive financial and/or tax incentives from Governmental Authorities that are acceptable to Seller in its sole discretion; 

(ii) Seller does not acquire the real property and related rail line easement from Norfolk Southern’s
and/or its affiliate(s) sufficient (in the judgment of Seller) to develop the Coke Plant; Seller and Norfolk Southern do not enter into transportation agreements for all coke shipments originating from the Coke Plant to Purchasers’ current
Delivery Points (following the approval thereof by Purchasers); Seller and Norfolk Southern do not enter into a coal handling agreement for the storage, handling and blending of Coals to be delivered to the Coke Plant; and Seller’s affiliate
(Jewell Smokeless Coal Corporation) and Norfolk Southern do not enter into transportation agreements for all coke shipments originating from the Vansant coke plant to Purchasers; and 

(iii) the board of directors of each of the Parties and, as required, the parent corporations of each
Party, hereto have not approved this Agreement and the “Amended and Restated Coke Supply Agreement” by and between Purchasers and Jewell Coke Company, L.P. 

Section 12.7 No Release of Accrued Obligations. No termination of this Agreement shall release either Party from
any obligations (including those arising out of a breach of this Agreement) that may have accrued under this Agreement prior to such termination. 
 ARTICLE XIII 
 MISCELLANEOUS PROVISIONS 

Section 13.1 Seller’s Indemnification of Purchaser for Infringement. Seller shall indemnify, defend and hold
Purchasers, their Affiliates and their successors and assigns, officers, directors, employees and agents harmless from any and all actions, causes of action, claims, demands, costs, liabilities, expenses and damages (including, without limitation,
reasonable 

  
 19 

 
attorney’s fees and costs) incurred by any of them as a result of the design, construction or operation of the Coke Plant infringing in whole or in part any copyright, patent, trade secret,
or other proprietary right held by any third party. 
 Section 13.2 Notices. All notices, requests and
demands to or upon the respective parties hereto to be effective shall be in Writing. Except for invoices, such communications shall be addressed and directed to the Parties listed below as follows, or to such other address or recipient for a Party
as may be hereafter notified by such Party hereunder: 
  

			
	 If to Seller to:
	  	 If to Purchasers, to:

		
	 SUN COKE COMPANY
 Landmark Center, Suite N-600
 1111 Northshore Drive

Knoxville, TN 37919
 Attention: Senior Vice President, Operations
 FAX: (865) 558-3280

Confirm: (865) 558-0300
	  	 Paul E. DeMarco
 ISG Cleveland Inc.
 Iron Producing Department

3430 Campbell Road

Cleveland, Ohio 44105
 FAX: (216) 429-6824
 Confirm: (216) 429-7564

		
	 with copies to:
	  	 with copies to:

		
	 SUN COKE COMPANY
 Landmark Center, Suite N-600
 1111 North Shore Drive

Knoxville, TN 37919
 Attention: General Counsel
 FAX: (865) 558-3280

Confirm: (865) 558-0300
	  	 Jack Finlayson
 ISG Indiana Harbor Inc.
 Iron Producing Department

3001 Dickey Road

East Chicago, Indiana 46312
 FAX: (219) 391-3349
 Confirm: (219) 391-2670

 
 Ted Youmans

ISG Sparrows Point Inc.
 Iron Producing Department
 5111 North Point Boulevard

Sparrows Point, MD 21219-1014
 FAX: (410) 388-4910
 Confirm (410) 388-4424

 Section 13.3 No Consequential or Exemplary Damages. NEITHER SELLER NOR PURCHASERS
NOR ANY OF THEIR RESPECTIVE AFFILIATES SHALL BE LIABLE FOR ANY SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES FOR BREACH OF ANY WARRANTY OR OTHERWISE. 
 Section 13.4 Governing Law. This Agreement shall be construed in accordance with and governed by, the laws of the State of Ohio without regard to its conflicts of law provisions, and the rights and
remedies of the Parties hereunder will be determined in accordance with such laws. 

  
 20 

 Section 13.5 Severability. If any provision of this Agreement is
found by a court of competent jurisdiction to be prohibited or unenforceable, it shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability, and such prohibition or unenforceability shall not invalidate
the balance of such provision to the extent it is not prohibited or unenforceable, nor invalidate the other provisions of this Agreement. 
 Section 13.6 Entire Agreement. This Agreement, including Appendix A, the Schedules attached hereto and the Confidentiality Agreement, constitutes the entire agreement among the Parties concerning
the subject matter hereof and supersedes and cancels any prior agreements, representations, warranties, or communications, whether oral or written, among the Parties regarding the transactions contemplated by, and the subject matter of, this
Agreement. The provisions of this Agreement shall not be reformed, altered, or modified in any way by any practice or course of dealing prior to or during the term of the Agreement, and can only be reformed, altered, or modified by a Writing signed
by authorized representatives of the Parties. The Parties specifically acknowledge that they have not been induced to enter into this Agreement by any representation, stipulation, warranty, agreement, or understanding of any kind other than as
expressed in this Agreement. 
 Section 13.7 Survival. The obligations of the Parties pursuant to Article
X, Sections 8.2, 12.3, 12.4, 12.5, 13.1, 13.2, 13.3, 13.4 and 13.5 shall survive the termination of this Agreement. 
 Section 13.8 Captions. The captions and headings in this Agreement are for convenience of reference purposes only and have no legal force or effect. Such captions and headings shall not be
considered a part of this Agreement for purposes of interpreting, construing or applying this Agreement and will not define, limit, extend, explain or describe the scope or extent of this Agreement or any of its terms and conditions. 

Section 13.9 Construction of Agreement. This Agreement shall be construed as a contract of purchase and sale of
goods. 
 Section 13.10 Independent Contractor. Neither Party to this Agreement is the partner,
legal representative or agent of the other, nor shall either Party have the right or authority to assume, create or incur any liability or any obligation of any kind implied, against or in the name or on behalf of the other. 

Section 13.11 Waivers and Remedies. The failure of either Party to insist in any one or more instances upon
strict performance of any of the provisions of this Agreement or to take advantage of any of its rights hereunder shall not be construed as a waiver of any such provisions or the relinquishment of any such rights, but the same shall continue and
remain in full force and effect. Except as otherwise expressly limited in this Agreement, all remedies under this Agreement shall be cumulative and in addition to every other remedy provided for herein or by law. 

Section 13.12 Assignability. Neither Purchasers nor Seller shall Assign any of its rights or obligations under
this Agreement without the prior Written consent of the other. Such consent shall not be unreasonably withheld or delayed. 

  
 21 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by
their respective duly authorized officers as of the date first above written. 
  

													
	 HAVERHILL COKE COMPANY, L.P.
	 	 ISG CLEVELAND

					
	 By:
	 	 /s/ Dale N. Walker
	 		 	 By:
	 	 /s/ V. John Goodwin

		 	 Name:
	 	 Dale N. Walker
	 		 		 	 Name:
	 	 V. John Goodwin

		 	 Title:
	 	 Vice President
	 		 		 	 Title:
	 	 Chief Operating Officer

			
	 ISG INDIANA HARBOR
	 		 	 ISG SPARROWS POINT

					
	 By:
	 	 /s/ V. John Goodwin
	 		 	 By:
	 	 /s/ V. John Goodwin

		 	 Name:
	 	 V. John Goodwin
	 		 		 	 Name:
	 	 V. John Goodwin

		 	 Title:
	 	 Chief Operating Officer
	 		 		 	 Title:
	 	 Chief Operating Officer

  
 22 

 APPENDIX A 
 Definitions 
 The definitions of certain capitalized terms
are as follows: 
 “Affiliate” means as to any Person, any other Person which, directly or indirectly,
controls, or is controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of
such Person whether by contract or otherwise. 
 “Agreement” is the Coke Purchase Agreement between
the Parties dated October 28, 2003, together with all Written amendments, revisions and modifications hereof made pursuant to Section 13.6. 
 “Assign/Assignment” means, as applicable, the sale, lease, transfer or voluntarily disposal of all or a substantial portion of the assets of Seller or Purchasers. 

“ASTM Standards” means procedures and standards adopted or approved by the American Society for Testing and
Materials. 
 “Bankrupt” means, with respect to any Person: 

(a) such Person applying for or consenting to the appointment of or the taking of possession by, a receiver, custodian,
trustee or liquidator of itself or of all or a substantial part of its property; 
 (b) such Person making a
general assignment for the benefit of its creditors; 
 (c) such Person commencing a voluntary case under the
Bankruptcy Code (as now or hereafter in effect); 
 (d) such Person filing a petition seeking to take advantage
of any other law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or readjustment of debts; 
 (e) such Person taking any action for the purpose of effecting any of the foregoing; or 
 (f) such Person is a defendant, respondent, alleged debtor, or has otherwise had commenced against it, in any court of competent jurisdiction, a proceeding or case under the Bankruptcy Code or a case
seeking 
 (i) its liquidation, reorganization, dissolution or winding-up, or the composition or
readjustment of its debts; 
 (ii) the appointment of a trustee, receiver, custodian, liquidator
or the like, of such Person or of all or any substantial part of its property; or 

  
 23 

 (iii) similar relief under any law relating to bankruptcy,
insolvency, reorganization, winding-up, or composition or adjustment of debts; and such proceeding or case shall continue undismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue unstayed
and in effect, for a period of sixty (60) or more calendar days; or an order for relief against such Person shall be entered in a case under the Bankruptcy Code. 

“Base Case Coal Blend” means a Coal Blend having a volatile matter content of ***** % and a moisture content of
***** %. 
 “Baseline Increased Capacity” has the meaning set forth in Section 6.1(d).

 “Breeze” means material that is screened when Seller screens for ***** Coke. 

“By-Products” means all output of the Coke Plant excluding blast furnace coke, but including breeze, nut coke,
waste heat, and products from such waste heat. 
 “Coal(s)” are metallurgical coking coals and/or
“green” petroleum coke that are reliable and readily available for use in the Coal Blend or any Interim Coal Blend. 
 “Coal Blend” means a particular blend of not more than ***** (***** ) Coals plus “green” petroleum coke (not to exceed ***** percent (***** %) of the total Coal Blend) that is being
used or may be used to produce Coke, including the original coal blend selected by the Coal Committee, each new coal blend selected by the Coal Committee, and as applicable, any coal blend utilized independently by Seller. In the case of coal blends
selected by the Coal Committee, the actual percentage of each Coal comprising such coal blend shall be blended to within ***** percent (***** %) of the Coal Blend composition selected by the Coal Committee. 

“Coal Blend Standards” are the standards for selecting the Coal Blends. Those standards require that Coal
Blends that (i) consist of coals having a minimum PSI of ***** that are reliable and readily available for use at the Coke Plant; (ii) actually produce Coke that will reasonably conform to existing or proposed (as applicable)
“typical” Guaranteed Quality Standards set forth in Schedule 5.2; (iii) have a volatile matter component of not less than ***** percent (***** %) and not more than ***** percent (***** %); and (iv) allow for safe, reliable and
efficient operation of the Coke Plant, 
 “Coal Costs” are costs, expenses and expenditures, including
taxes, related to (i) sampling, testing, selecting, purchasing, storing, handling, transporting, and delivering the Coals to the coal unloading facility at the Coke Plant, and (ii) the Third Party Consultant. Coal Costs do not include
overhead or administrative costs of Seller or its Affiliates. 
 “Coal Cost per Ton of Coke” has the
meaning set forth in Section 3.5. 
 “Coal Committee” is a committee having the authority set
forth in Section 4.1. 
 “Coal Handling Losses” are losses associated with the storage and
handling of the Coals, shall be deemed to equal ***** % (***** percent), and shall be determined in the manner set forth in Section 3.5(a). 

  
 24 

 “Coke” means blast furnace coke that is produced at the Coke Plant
or, as applicable, coke that is a blend of such coke with Third Party Supplied Coke, and that Seller delivers to Purchasers pursuant to this Agreement and that (i) conforms to the Guaranteed Quality Standards or (ii) that does not conform
to the Guaranteed Quality Standards, but in any case is not rejected or is accepted by Purchasers. Coke does not include any By-Products. 
 “Coke Plant” means the cokemaking plant and related facilities and equipment to be constructed at Haverhill, Ohio and to be owned and operated by Seller based upon heat recovery technology that
is proprietary to Seller and Seller’s Affiliates. 
 “Coke Supply and Purchase Obligation” is the
Tonnage of Coke or Third Party Supplied Coke that Seller is obligated to deliver to Purchasers, and the Tonnage of Coke and Third Party Supplied Coke that Purchasers are jointly and severally obligated to accept and purchase from Seller, or actually
accept from Seller, during the Take or Pay Term as set forth in Section 6.1(b). 
 “Commencement of
Coke Production” is the first date upon which Coke is produced at the Coke Plant consistent with the Guaranteed Quality Standards. For purposes of this Agreement, Commencement of Coke Production may, but need not, coincide with the Full
Production Date. 
 “Constructively Placed” refers the placement by Norfolk Southern or another rail
carrier (as applicable) of a Coke shipment or any portion thereof at a location other than a Delivery Point, which results from an inability or unwillingness by Purchasers to receive or unload such shipment or portion thereof at such Delivery Point.

 “Contract Price” has the meaning set forth in Section 3.1. 

“Contract Year(s)” means each complete year transpiring during the Term, commencing as of the Full Production
Date. 
 “Delivery Point” shall mean the physical plant location(s) designated by the Purchasers for
receipt of Coke from Norfolk Southern under this Agreement, as such Delivery Points may be revised from time to time. 
 “Discounted Coke Price” has the meaning set forth in Section 5.2(b). “Fixed Cost per Ton of Coke” has the meaning set forth in Section 3.3. 

“Full Production Date” means the first day of the calendar month following the date Seller notifies Purchaser
in Writing that the Coke Plant has demonstrated the commercial capability of producing Coke at an annual rate of five hundred fifty thousand (550,000) tons using the Base Coal Blend. 

“GAAP” means generally accepted accounting principles, consistently applied. 

“Government Mandated Additional Capital Expenditures” means capital expenditures affecting the Coke Plant for
which an equally reliable and safe non-capital expenditure alternative that by itself is not reasonably available and economically feasible and which are required due to changes in Governmental Requirements made after the date of this Agreement

  
 25 

 
(or with respect to compliance standards, not reasonably ascertainable as of the date of this Agreement). 
 “Government Mandated Additional Expenses” means operating or maintenance expenses affecting the Coke Plant, as well as all economic impacts other than those that require additional capital,
which are required due to changes in Governmental Requirements made after the date of this Agreement (or with respect to compliance standards, not reasonably ascertainable as of the date of this Agreement). 

“Government Mandated Additional Expenditures” means, collectively, Government Mandated Additional Capital
Expenditures and Government Mandated Additional Expenses. 
 “Governmental Authority(ies)” means any
nation or government(s), any state or other political subdivision(s) thereof and any entity(ies) exercising executive, legislative, judicial, regulatory or administrative functions having or pertaining to government. 

“Governmental Requirements” means any applicable law, regulation and regulatory order (and any official
interpretations thereof) of any applicable Governmental Authority, and any current, reasonably ascertainable future standard, relating to environmental compliance by Seller with respect to Coke Plant operations unless resulting from Seller’s
misconduct in the operation of the Coke Plant. 
 “Guaranteed Coke Yield Percentage” has the meaning
set forth in Section 3.5(c). 
 “Guaranteed Quality Standards” are the guaranteed quality
parameters for Coke and for Third Party Supplied Coke set forth in Schedule 5.2. 
 “Incidental
Damages” are incidental damages allowed under Ohio Revised Code Section 1302.84, or as allowed pursuant to any amendment or recodification thereof Such damages specifically include, without limitation, commercially reasonable storage and
rescreening costs, and degradation and handling losses, incurred by Seller in connection with stockpiling of Coke or Third Party Supplied Coke. 
 “Initial Completion Deadline” means the earlier of (i) the Full Production Date; or (ii) twenty-four (24) months following commencement of construction of the Coke Plant.

 “Interest Rate” means an interest rate equal to ***** percent (***** %) above the rate announced by
Chase Manhattan Bank as its prime rate at the date of accrual of the late payment. 
 “Manifest Error”
means an arithmetical error that is readily apparent. 
 “Mitigation Proceeds” means any (positive)
difference between (i) $***** per Ton of Coke sold to third parties plus the sum of (w) net sales proceeds arising from such third party sales and (x) any costs and expenses saved by Seller in connection therewith; less
(ii) Incidental Damages incurred by Seller in connection with such third party sales plus the sum of (y) the Contract Price multiplied by (z) Coke Tonnage sold to such third parties. 

  
 26 

 “Moisture Adjusted Coal Blend Tonnage” has the meaning set forth
in Section 3.5(a). “Nonconforming Coke” has the meaning set forth in Section 5.2(b). 

“Norfolk Southern” has the meaning set forth in Section 3.2. 

“Parties” means Purchasers and the Seller. 

“Party” means either Purchasers or Seller, depending upon the context in which the term is used. 

“Payment Default” means any failure by Purchaser to pay Seller in accordance with Sections 3.9, 5.1(d) or 7.3.

 “Person” means and includes any individual, firm, corporation, partnership, limited liability
corporation, association, trust or other enterprise or any government or political subdivision or agency, department or instrumentality thereof. 
 “Position Notice” has the meaning set forth in Section 4.2(b)(i). 
 “Purchaser” means as applicable, ISG Cleveland Inc., a Delaware corporation, ISG Indiana Harbor Inc., a Delaware corporation or ISG Sparrows Point Inc., a Delaware corporation. 

“Purchasers” means, collectively, ISG Cleveland Inc., a Delaware corporation, ISG Indiana Harbor Inc., a
Delaware corporation and ISG Sparrows Point Inc., a Delaware corporation. 
 “Purchaser Default” has
the meaning set forth in Section 12.1. 
 “Purchaser Force Majeure Event(s)” has the meaning set
forth in Section 9.2. 
 “Purchaser Obtained Coke” means coke obtained by Purchasers that is
required by Purchasers to operate the Blast Furnace(s) in the ordinary course of business up to any shortfall in Seller’s delivery of Coke and Third Party Supplied Coke relative to the Coke Supply and Purchase Obligation or, as applicable,
Purchasers’ Requirements. 
 “Purchasers’ Requirements” means, for each Contract Year
transpiring during the Requirements Term, the coke Tonnage requirements of Purchasers and their Affiliates in excess of the sum of 2.3 million Tons of coke, plus the coke supply from Jewell Coke Company, L.P. Provided, however, such
requirements under this Agreement shall not exceed five hundred fifty thousand (550,000) Tons of Coke (unless otherwise adjusted pursuant to Section 6.1(d)). 

“Requirements Term” has the meaning set forth in Section 2.2. 

“Section 29 Credits” has the meaning set forth in Section 3.11. 

“Section(s)” are the sections and subsections of the Articles contained in this Agreement. “Seller”
means Haverhill North Coke Company, a Delaware corporation. 
 “Seller Default” has the meaning set
forth in Section 12.1. 

  
 27 

 “Seller Force Majeure Event(s)” has the meaning set forth in
Section 9.1. 
 “Take or Pay Term” has the meaning set forth in Section 2.1. 

“Taxes” means any tax imposed by any Governmental Authority in the form of sales, use, excise, value added,
environmental, gross receipts or franchise tax (except for property taxes related to the Coke Plant or taxes based on or measured by the net income or net worth of Seller), state and local product tax, state and local inspection fees, or similar
taxes, assessments, or fees imposed with respect to the sale or purchase of coke pursuant to this Agreement. If the purchase of any Coke by any Purchaser is exempt from sales or use tax, that Purchaser shall furnish Seller with a valid exemption
certificate in form and content reasonably acceptable to Seller. In the event any exemption is subsequently denied by any Governmental Authority, and as a result Seller is assessed for such sales or use tax, then Purchasers shall reimburse Seller
for such taxes including all interest and penalties associated therewith. 
 “Term” refers,
collectively, to the Take or Pay Term and the Requirements Term. “Third Party Consultant” has the meaning set forth in Section 4.2(b)(i). 
 “Third Party Supplied Coke” means coke obtained from sources other than Seller, and includes coke obtained from Seller’s Affiliates. 

“Ton” or “Tonnage” means a “short” ton of two thousand (2,000) pounds of Coal or Coke,
as the case may be. 
 “Transportation Costs” has the meaning set forth in Section 3.6.

 “Variable Cost Index” means the percentage increase or decrease in the “Iron and steel mills
and ferroalloy production: Average Weekly Earnings of Production Workers” during the proceeding Contract Year published by the Bureau of Labor Statistics, If that information is not available at the beginning of the subsequent Contract Year,
the Variable Cost per Ton for such Contract Year shall initially be based upon the rate of increase for the prior Contract Year and shall be reduced or increased, as the case may be, once that information becomes available. 

“Variable Cost per Ton of Coke” has the meaning set forth in Section 3.4. 

“Written” or “in Writing” means any form of written communication or a communication by means of
e-mail, telex, telecopier device, telegraph or cable, overnight courier, or registered or certified mail (postage prepaid and return receipt requested), and shall be deemed to have been duly given or made upon receipt, or in the case of any
electronic transmission, when confirmation of receipt is obtained. 

  
 28 

 Schedule 5.2 
 Guaranteed Quality Standards 
  

									
	 	  	Mean1	  	Threshold
for
Quality
Adjustment2	  	Price Adjustment	  	Reject Standards3
	 Moisture (%)
	  	*****%	  	*****%	  	*****	  	*****%
	 Sulfur (%) (dry basis)
	  	*****%	  	*****%	  	$*****%	  	*****%
	 Ash (%) (dry basis)
	  	*****%	  	*****%	  	$*****%	  	*****%
	 V.M.(%) (dry basis)
	  	*****%	  	*****%	  	$*****%	  	*****%
	 Stability
	  	*****	  	*****	  	$*****	  	*****
	 CSR
	  	*****	  	*****	  	*****	  	*****
	 Ash Mineral Analysis
	  	*****	  	*****	  	*****	  	*****
	 Size
	  	*****	  	*****%*****	  	$*****%	  	*****%*****

  

	 (1)
	 Following the end of the second Contract Year, the “Mean” for sulfur, ash, V.M., stability and CSR shall be the arithmetic mean analysis
therefor based upon the sampling, preparation, testing and analysis therefore performed during the first two (2) Contract Years. 

	 (2)
	 Following the end of the second Contract Year, the “Threshold for Quality Adjustment” for moisture, sulfur, ash, V.M. and stability shall
be ***** Standard Deviations. Each “Standard Deviation” is one standard deviation from the arithmetic mean analysis for moisture, sulfur, ash, V.M. and stability based upon the testing, preparation, and analysis therefor performed during
the first two (2) Contract Years. Seller shall promptly deliver a revised Schedule 5.2 to Purchasers upon the determination of the revised “threshold” and “reject” standards (described below), at which point the revised
schedule shall take effect absent Manifest Error. Provided, however, in no event shall and “Threshold for Quality Adjustment” standards be increased or, as applicable, be decreased to the detriment of Purchasers. For purpose of the
foregoing calculations, the Coke shipment database shall be used to determine the Standard Deviations. 

	 (3)
	 Following the end of the second Contract Year, the “Reject” standards for moisture, sulfur, ash, V.M. and stability shall be *****
Standard Deviations. Provided, however, in no event shall the “Reject” standards be increased or, as applicable, be decreased to the detriment of Purchasers. For purpose of the foregoing calculations, the Coke shipment database shall be
used to determine the Standard Deviations. 

 Schedule 6.1(b) 

Coke Supply and Purchase Obligation 
  

																																					
	 Coal Blend Volatile Matter (dry basis)
	  	 	*	**** 	 	 	*	**** 	 	 	*	**** 	 	 	*	**** 	 	 	*	**** 	 	 	*	**** 	 	 	*	**** 	 	 	*	**** 	 	 	*	**** 
	 Coke Tonnage
	  	 	*	**** 	 	 	*	**** 	 	 	*	**** 	 	 	*	**** 	 	 	*	**** 	 	 	*	**** 	 	 	*	**** 	 	 	*	**** 	 	 	*	**** 

 Schedule 8.2 
 Government Mandated Additional Capital Expenditures (Example) 
  

					
	 Full Production Date
	  	 	05/31/05	  
		
	 End of Term
	  	 	05/31/20	  
		
	 Completion Date for Government Mandated Additional Capital Expenditures
	  	 	05/31/14	  
		
	 Number of Years Remaining the Term
	  	 	6.00	  
		
	 Amortization Period (***** )
	  	 	*****	  
		
	 Interest Rate (pre-tax)
	  	 	*****	% 
		
	 Cost of Applicable Government Mandated Additional Capital Expenditure Monthly Amortization Payable by Purchasers
to Seller (based on 50% of the total expenditure)
	  	$	*****	  
		
	 Unamortized Balance at End of Initial Term (not payable by Purchasers)
	  	$	*****Coke Purchase Agreement - August 31,2009

 Execution Version 

Exhibit 10.27 
 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 
 COKE PURCHASE
AGREEMENT 
 by and between 
 Haverhill North Coke Company 
 and 

AK Steel Corporation 
 Dated August 31, 2009 

 TABLE OF CONTENTS 

 

							
	ARTICLE I Definitions; Acknowledgement; Basic Obligations of the Parties	  	 	1	  
	 1.1
	  	 Definitions
	  	 	1	  
	 1.2
	  	 Phase I and Phase II Plants
	  	 	1	  
	 1.3
	  	 Basic Obligations of the Parties
	  	 	1	  
	 1.4
	  	 Guarantee of Seller’s Obligations
	  	 	2	  
	 1.5
	  	 Transfer Restrictions
	  	 	2	  
	 1.6
	  	 Holding Guaranty
	  	 	2	  
	ARTICLE II Term	  	 	3	  
	 2.1
	  	 Term
	  	 	3	  
	ARTICLE III COKE PRICE AND PAYMENT TERMS	  	 	3	  
	 3.1
	  	 Coke Price
	  	 	3	  
	 3.2
	  	 Section 45 Credits
	  	 	8	  
	 3.3
	  	 Terms of Payment/Invoicing
	  	 	10	  
	 3.4
	  	 Production Turndown Adjustment Fee
	  	 	12	  
	 3.5
	  	 By-Products; Option to Purchase Breeze
	  	 	12	  
	 3.6
	  	 Audit Rights
	  	 	12	  
	ARTICLE IV Coal Blends	  	 	12	  
	 4.1
	  	 Selection
	  	 	12	  
	 4.2
	  	 Sampling and Testing
	  	 	13	  
	 4.3
	  	 Unsuitability or Insufficiency of Coal Blends
	  	 	13	  
	 4.4
	  	 Authority of Seller
	  	 	13	  
	ARTICLE V Coke Sampling, Analysis and Quality	  	 	13	  
	 5.1
	  	 Coke Moisture and Coke Quality
	  	 	13	  
	 5.2
	  	 Title
	  	 	15	  
	 5.3
	  	 Exclusivity
	  	 	15	  
	ARTICLE VI Obligations Related to Coke Supply and Deliveries	  	 	16	  
	 6.1
	  	 [Intentionally omitted]
	  	 	16	  
	 6.2
	  	 Coke Supply and Purchase Obligation
	  	 	16	  
	 6.3
	  	 Coke Deliveries
	  	 	16	  
	 6.4
	  	 Third Party Supplied Coke
	  	 	17	  
	 6.5
	  	 Purchaser Obtained Coke
	  	 	18	  
	 6.6
	  	 Production Turndown
	  	 	18	  
	ARTICLE VII Changes in Governmental Requirements	  	 	19	  
	 7.1
	  	 Government Mandated Additional Expenditures
	  	 	19	  
	 7.2
	  	 Government Mandated Additional Capital Expenditures
	  	 	20	  
	ARTICLE VIII Force Majeure Event(s)	  	 	20	  
	 8.1
	  	 Seller Force Majeure Event(s)
	  	 	20	  
	 8.2
	  	 Purchaser Force Majeure Event(s)
	  	 	21	  
	ARTICLE IX Dispute Resolution	  	 	22	  
	 9.1
	  	 Attempt at Resolution
	  	 	22	  
	 9.2
	  	 Interpretation and Dispute Resolution
	  	 	22	  
	 9.3
	  	 Consolidation
	  	 	23	  
	ARTICLE X Representations and Warranties	  	 	23	  
	 10.1
	  	 Seller’s Representations and Warranties
	  	 	23	  
	 10.2
	  	 Purchaser’s Representations and Warranties
	  	 	24	  

  
 1 

							
	 10.3
	  	 Holding’s Representations and Warranties
	  	 	24	  
	ARTICLE XI Default and Remedies	  	 	25	  
	 11.1
	  	 Purchaser’s Events of Default
	  	 	25	  
	 11.2
	  	 Seller’s Events of Default
	  	 	25	  
	 11.3
	  	 Pursuit of Remedies
	  	 	26	  
	 11.4
	  	 Termination by Seller for Breach by Purchaser
	  	 	26	  
	 11.5
	  	 Termination by Purchaser for Breach by Seller
	  	 	26	  
	 11.6
	  	 Termination by Purchaser Resulting From Shutdown of Iron Producing Portion of Ashland Plant
	  	 	26	  
	 11.7
	  	 Termination by Seller Due to Coke Production Shortfall
	  	 	27	  
	 11.8
	  	 Waiver of Right to Terminate
	  	 	27	  
	 11.9
	  	 Automatic Termination
	  	 	27	  
	 11.10
	  	 No Release of Accrued Obligations
	  	 	27	  
	ARTICLE XII Miscellaneous Provisions	  	 	27	  
	 12.1
	  	 Seller’s Indemnification of Purchaser for Infringement
	  	 	27	  
	 12.2
	  	 Notices
	  	 	27	  
	 12.3
	  	 Limitation of Liability; Exclusive Remedies
	  	 	28	  
	 12.4
	  	 Rules of Interpretation
	  	 	28	  
	 12.5
	  	 Governing Law
	  	 	28	  
	 12.6
	  	 Severability
	  	 	28	  
	 12.7
	  	 Confidentiality
	  	 	29	  
	 12.8
	  	 Entire Agreement
	  	 	29	  
	 12.9
	  	 Survival
	  	 	29	  
	 12.10
	  	 Captions
	  	 	29	  
	 12.11
	  	 Construction of Agreement
	  	 	30	  
	 12.12
	  	 Independent Contractor
	  	 	30	  
	 12.13
	  	 Waivers and Remedies
	  	 	30	  
	 12.14
	  	 Assignability
	  	 	30	  
	 12.15
	  	 Further Assurances
	  	 	30	  
	 12.16
	  	 Cooperation with Financing Efforts
	  	 	30	  
	 12.17
	  	 Binding Effect
	  	 	31	  
	 12.18
	  	 No Third Party Beneficiaries
	  	 	31	  
	 12.19
	  	 Mutuality of Drafting
	  	 	31	  
	 12.20
	  	 Counterparts Facsimile Signatures
	  	 	31	  
	 12.21
	  	 No Setoff
	  	 	31	  
	 12.22
	  	 Audits
	  	 	32	  

  

			
	APPENDICES:	  	
		
	Appendix A	  	Definitions
		
	SCHEDULES:	  	
		
	Schedule 1.4	  	Guarantee of Seller’s Obligations
		
	Schedule 1.5	  	Guarantee of Purchaser’s Obligations

  
 2 

			
	Schedule 4.1	  	Committed Coal Specifications
		
	Schedule 5.1	  	Coke Quality Standards
		
	Schedule 6.2(a)	  	Coke Supply and Purchase Obligation
		
	Schedule 7.2	  	Government Mandated Additional Capital Expenditures (Example)
		
	Schedule A-1	  	Lost Energy Charge
		
	ATTACHMENTS:	  	
		
	Attachment A	  	Fuel Surcharge

  
 3 

 COKE PURCHASE AGREEMENT 

THIS COKE PURCHASE AGREEMENT dated as of August 31, 2009 (the “Effective Date”), is made by and
between Haverhill North Coke Company, a Delaware corporation (“Seller”) and AK Steel Corporation, a Delaware corporation (“Purchaser”). This Agreement is a companion accord to the Energy Sales Agreement between Seller and
Purchaser dated concurrently with this Agreement (the “Related Energy Sales Agreement”). 
 For good
and valuable consideration, including the Related Energy Sales Agreement, the Parties, intending to be legally bound, agree as follows: 
 ARTICLE I 
 DEFINITIONS; ACKNOWLEDGEMENT; BASIC OBLIGATIONS OF THE
PARTIES 
 1.1 Definitions. The definitions of certain capitalized terms used in this Agreement
are contained in the attached Appendix A. 
 1.2 Phase I and Phase II Plants. 

(a) Seller has constructed a one hundred (100) oven metallurgical coke making plant and related facilities and
equipment located at Haverhill (Franklin Furnace), Ohio (the “Site”) owned and operated by Seller based upon heat recovery technology that is proprietary to Seller and its Affiliates (hereinafter referred to as the “Phase I
Plant”). The Phase I Plant is designed to produce approximately five hundred fifty thousand (550,000) Tons of Coke based upon the processing of the Base Case Coal Blend into Coke. The Phase I Plant does not produce electrical energy.

 (b) Seller has constructed an additional one hundred (100) oven metallurgical coke making plant and
related facilities and equipment located at the Site utilizing the heat recovery technology that is proprietary to Seller and its Affiliates (the “Phase II Plant”) and an associated cogeneration plant also located at the Site
(“Cogeneration Plant”). The Phase II Plant is designed to produce approximately five hundred fifty thousand (550,000) Tons of Coke based upon the processing of the Base Case Coal Blend into Coke. The Cogeneration Plant will produce
electrical energy by utilizing flue gas from the Phase II Plant. 
 1.3 Basic Obligations of the Parties.
Subject to the terms, conditions and requirements of this Agreement: 
 (a) Delivery and Acceptance
Obligations. 
 (i) From September 1, 2009 through December 31, 2009, Seller shall
deliver to Purchaser and Purchaser shall accept approximately thirteen thousand five hundred (13,500) Tons of Coke per Month, except for Nonconforming Coke Tonnage that is rejected by Purchaser pursuant to Section 5.1(b)(iii). 

  
 1 

 (ii) From January 1, 2010 throughout the balance of the
Term, Seller shall deliver to Purchaser and Purchaser shall accept all Coke Tonnage pursuant to Section 6.2, except for Nonconforming Coke Tonnage that is rejected by Purchaser pursuant to Section 5.1(b)(iii). 

(b) Pricing and Payment. During the Term, the purchase price payable by Purchaser to Seller in respect of Coke
Tonnage is the Coke Price (except for Nonconforming Coke Tonnage that is rejected by Purchaser pursuant to Section 5.1(b)(iii)), and for Nonconforming Coke Tonnage that is not rejected by Purchaser is the applicable price set forth in
Section 5.1(b)(iii). Such amounts shall be payable in accordance with Section 3.3. 
 (c)
Integrated Transaction. The Parties acknowledge that (i) they are entering into this Agreement and the Related Energy Sales Agreement as a single integrated transaction, (ii) they would not enter into the Related Energy Sales
Agreement without also entering into this Agreement, and (iii) this Agreement and the Related Energy Sales Agreement are inextricably linked technically and economically, that neither would be feasible without the other, and they constitute a
single integrated transaction and agreement. 
 1.4 Guarantee of Seller’s Obligations. The
obligations of Seller under this Agreement shall be guaranteed by SunCoke and Sun Coal & Coke Company, a Delaware corporation, pursuant to a guaranty in the form of Schedule 1.4 that Seller shall cause to be executed and delivered to
Purchaser at the time of the execution and delivery of this Agreement. 
 1.5 Transfer Restrictions.
Purchaser shall not transfer or otherwise dispose of the Middletown Plant without the prior Written consent of Seller. If Purchaser wishes to sell, lease, transfer or otherwise dispose of all or a substantial portion of its assets (other than the
Middletown Plant), whether in a single transaction or series of transactions, then it shall cause to be delivered to Seller at least forty-five (45) days prior to such sale, lease, transfer or other disposition (i) a Written notice of such
sale, lease, transfer or other disposition, (ii) a guaranty executed by AK Steel Holding Corporation, a Delaware corporation (“Holding”) in the form of Schedule 1.5, and (iii) an opinion of independent legal counsel to Holding,
which legal counsel shall be reasonably satisfactory to Seller and which opinion shall be in form and substance reasonably satisfactory to Seller, to the effect that such guaranty is the legal, valid and binding obligation of, and enforceable
against Holding, subject to customary exceptions. The Parties acknowledge that in the event any of the foregoing obligations are breached by Purchaser or Holding, Seller shall be entitled to both interim and permanent injunctive relief in respect of
such obligations, including (as applicable) injunctive relief and specific enforcement against Purchaser and Holding. Notwithstanding the foregoing, Purchaser shall not be restricted from creating or permitting to exist (and the foregoing provisions
shall not apply to) any lien, security interest or other encumbrance on any of its assets. 
 1.6 Holding
Guaranty. Following the expiration, cancellation or termination of the Indenture, Holding shall promptly (i) notify Seller of such circumstance in Writing, and (ii) execute and deliver to Seller a guaranty of Holding in favor of Seller
in the form of Schedule 1.5. Such guaranty obligation shall be specifically enforceable by Seller against Holding. 

  
 2 

 ARTICLE II 
 TERM 
 2.1 Term. 

(a) Subject to Section 2.1(b), the term of this Agreement (“Term”) shall commence on the Effective Date
and, subject to earlier termination in accordance with this Agreement, shall continue in effect for twelve (12) Contract Years. Upon the conclusion of such twelve (12) Contract Years, this Agreement shall automatically renew for two
(2) successive five (5) year terms each unless notice of termination is given by either Party at least one (1) year prior to the end of the Term. 

(b) Notwithstanding anything to the contrary in this Agreement, neither Party shall have any obligations under this
Agreement unless Seller, Severstal Warren, Inc. (“Severstal Warren”) and Severstal Dearborn, Inc. (“Severstal Dearborn”) have, on or before August 31, 2009, entered into a termination agreement, in form and substance
satisfactory to Seller in its sole discretion, pursuant to which (i) Seller and Severstal Warren agree to terminate that certain Coke Purchase Agreement, dated as of November 21, 2006, between Seller and Severstal Warren, effective as of
September 1, 2009, and (ii) Seller and Severstal Dearborn agree to terminate that certain Coke Purchase Agreement, dated as of November 21, 2006, between Seller and Severstal Dearborn, effective as of January 1, 2010 (the
“Severstal Termination Agreement”). 
 (c) Seller shall notify Purchaser promptly following
August 31, 2009 regarding whether Seller, Severstal Warren and Severstal Dearborn have entered into the Severstal Termination Agreement on or before August 31, 2009. 
 ARTICLE III 
 COKE PRICE AND PAYMENT TERMS 

3.1 Coke Price. 
 (a) Components. 
 (i) During the period of
September 1, 2009 through December 31, 2009, the Coke Price is the sum of (A) $ ***** per Ton of Coke, and (B) any Per Ton Fuel Surcharge; and 

(ii) During the period of January 1, 2010 through December 31, 2010, the Coke Price is the sum
of (A) $ ***** per Ton of Coke, (B) the Per Ton Railroad Rate Index Charge and (C) any Per Ton Fuel Surcharge; and 
 (iii) During each Contract Year commencing January 1, 2011, the Coke Price is the sum of (A) the Adjusted Fixed Price Component, (B) subject to Section 3.1(c)(vi), the Forecasted
O&M Component, and (C) the Coal Cost Component. 

  
 3 

 (b) Adjusted Fixed Price Component. 

(i) The Fixed Price Component is $ ***** per Ton of Coke. 

(ii) The Parties acknowledge that Coke production depends upon the moisture content of each Coal Blend.
Accordingly, the Fixed Price Component shall be adjusted (increased or decreased) based upon the Weighted Average moisture content of the Coals comprising each Coal Blend for the applicable Month. Accordingly, if the actual Weighted Average moisture
content of such Coal Blend Tonnage exceeds ***** %, then for each ***** % increment thereof in excess of ***** %, the Fixed Price Component shall be correspondingly increased by ***** %. Conversely, if the actual Weighted Average moisture content of
such Coal Blend Tonnage is less than ***** %, then for each ***** % increment thereof less than ***** %, the Fixed Price Component shall be correspondingly reduced by ***** %. By way of example, if the actual Weighted Average moisture content of the
Coal Blend is ***** %, then such adjusted Fixed Price Component (the “Adjusted Fixed Price Component”) is $ ***** (namely, the sum of the (i) Fixed Price Component plus the (ii) product of the Fixed Price Component multiplied by
***** %). Conversely, and by way of example, if the actual Weighted Average moisture content of the Coal Blend is ***** %, then such Adjusted Fixed Price Component is $ ***** (namely, the sum of (i) Fixed Price Component minus the
(ii) product of the Fixed Price Component multiplied by ***** %). 
 (c) Forecasted O&M Component,
Actual O&M Component and Annual True-Up. 
 (i) [Intentionally omitted] 

(ii) At least sixty (60) days prior to January 1, 2011 and the commencement of each subsequent
Contract Year, Seller will prepare a good faith forecast (the “Forecast”) that sets forth in reasonable detail its good faith estimate of the O&M Expenses in respect of the Coke Plants for the next ensuing Contract Year. For the
avoidance of doubt, such O&M Expenses include operating and maintenance costs in respect of the Cogeneration Plant notwithstanding the circumstance that payments in respect of electrical energy produced by such Cogeneration Plant are made
pursuant to the Related Energy Sales Agreement. 
 (iii) Without duplication or double-counting
in respect of O&M Expenses, such Forecast shall be based upon (i) subject to any applicable confidentiality restrictions in respect of other customers of Seller’s Affiliates, typical historic operations and maintenance history at other
domestic coke making facilities that utilize SunCoke’s proprietary heat recovery coke making technology as such history applies to the Coke Plants; (ii) historic operations and maintenance history at the Coke Plants; (iii) subject to
Article VII, compliance with Governmental Requirements in respect of the Coke Plants, including Government Mandated Additional Expenses; (iv) property taxes in respect of the Coke Plants; (v) Targeted Coke Production in respect of the Coal
Blend(s) to be utilized during such Contract Year; (vi) labor expenses in respect of the Coke Plants; (vii) Prudent Operating and Maintenance Practices; (viii) the reasonable cost of all premiums

  
 4 

 
or, as applicable, allocations, in respect of required and commercially reasonable insurance coverages for the Coke Plants, Coke Plant operations, and employees of Seller (provided such
allocations or premiums constitute O&M Expenses), and (ix) other reasonable conditions specific to the Coke Plants and Seller’s performance hereunder (the “Guidelines”); provided, however, but subject to Section 7.1(c),
such other reasonable conditions shall not include fines or penalties in respect of violations of Governmental Requirements including Governmental Requirements pertaining to the environment, and employee health and safety. Such Forecast shall be
delivered to the Purchaser for approval by it, which approval shall not be unreasonably withheld, conditioned or delayed. 
 (iv) Within fifteen (15) days following Seller’s delivery of each such Forecast to Purchaser, Seller and Purchaser shall confer in good faith for the purpose of reviewing and approving such
Forecast. If, within thirty (30) days thereafter, the Parties do not agree upon such Forecast, then Purchaser shall promptly deliver to Seller (no later than ten (10) days following the expiration of such thirty (30) day period)
Written notice of its disapproval of such Forecast that sets forth the specific grounds therefor including any alleged inconsistency thereof with the Guidelines. The Parties may thereafter submit such dispute to arbitration in accordance with
Section 9.2; provided, however, pending such resolution, (i) the O&M Expenses in respect of the preceding Contract Year, as adjusted in accordance with the Index Formula (the “Presumed O&M Expenses”), shall be the basis
for the O&M Expenses for the period during which such dispute is pending, and (ii) if, following any such arbitration, it is determined that the allowable O&M Expenses are greater or less than the Presumed O&M Expenses, then
Purchaser or, as applicable, Seller shall pay to the prevailing Party the product of the difference between (i) the (y) Forecasted O&M Component based upon the Presumed O&M Expenses for the applicable Contract Year, and
(z) the Forecasted O&M Component based upon the O&M Expenses approved pursuant to such arbitration, multiplied by (ii) the Coke Tonnage sold by Seller to Purchaser based upon such Presumed O&M Expenses, plus interest thereon
accrued thereon at the Interest Rate. Such payment shall be, as applicable, added to or credited against the amount otherwise payable by Purchaser to Seller in accordance with the Monthly invoice immediately following any such award. 

(v) The Forecasted O&M Component for each Contract Year will be determined in accordance with the
following formula: 
 Forecasted O&M Component = [Forecast O&M Expenses (or if such Forecast is
subject to a dispute, the Presumed O&M Expenses, until such time as the dispute is resolved) in respect of the Coke Plants set forth in the approved Forecast for the applicable Contract Year ÷ Coke Plants Targeted Coke Production in
respect of the Coal Blend(s) to be utilized during such Contract Year] + [Forecast O&M Expenses (or if such Forecast is subject to a dispute, the Presumed O&M Expenses, until such time as the dispute is resolved) in respect of the
Cogeneration Plant set forth in the approved Forecast for the applicable Contract Year ÷ *****% of the Coke Plants Targeted Coke Production in respect of the Coal Blend(s) to be utilized during such Contract Year]. 

  
 5 

 (vi) Seller shall endeavor in good faith to operate and
maintain the Coke Plants in accordance with the Forecasted O&M Component for the applicable Contract Year in accordance with Prudent Operating and Maintenance Practices. Subject to the foregoing, within thirty (30) days following the
conclusion of each Contract Year, Seller will submit to Purchaser a Written report that summarizes the actual O&M Component for such Contract Year (the “Actual O&M Component”) as determined in accordance with the following formula:

 Actual O&M Component = actual O&M Expenses in respect of the Coke Plants for the applicable
Contract Year ÷ actual Coke Tonnage produced at the Coke Plants during such Contract Year (including Nonconforming Coke Tonnage rejected by Purchaser) + [actual O&M Expenses in respect of the Cogeneration Plant for the applicable Contract
Year ÷ ***** % ***** of the actual Coke Tonnage produced at the Coke Plants during such Contract Year (including Nonconforming Coke Tonnage rejected by Purchaser)]. 
 Where applicable, but subject to Article VII, Purchaser shall pay Seller an amount equal to ***** % ***** of the product of (i) any positive difference between the (y) Actual O&M Component
for the applicable Contract Year and (z) Forecasted O&M Component as set forth in the Forecast for such Contract Year, multiplied by (ii) actual Coke production delivered to Purchaser during such Contract Year (excluding, in each case,
Nonconforming Coke Tonnage rejected by Purchaser). Where applicable, but subject to Article VII, Seller shall credit Purchaser an amount equal to ***** % of any (i) negative difference between the (y) Actual O&M Component for the
applicable Contract Year and (z) Forecasted O&M Component for such Contract Year, multiplied by (ii) actual Coke production delivered to Purchaser during such Contract Year; provided, however, in no event shall the actual Coke
production amount utilized in the denominators to the foregoing formulas be less than ***** % of the Targeted Coke Production for the applicable Contract Year; provided, further, that such ***** % limitation shall not apply to any Month during such
Contract Year when a Production Turndown is in effect. Such payment or credit shall, as applicable, be added to or deducted from the amounts otherwise payable in accordance with the invoice in respect of the Month during which such credit or payment
is determined, and shall be subject to reasonable verification by Purchaser. 
 (d) Coal Cost Component.

 (i) Coal Costs are all costs, expenses and expenditures, including Taxes, related to sampling,
testing, selecting, purchasing, storing, handling of Coals, and in respect of transporting, and delivering the Coals to the Coke Plants, but excluding overhead or administrative costs of Seller or its Affiliates in respect thereof. Unless otherwise
approved by Purchaser, each Coal comprising the selected Coal Blend shall be purchased by Seller for a commercially reasonable price, and in accordance with commercially reasonable standards, terms and conditions based upon thirty (30) day
payment terms. Coal Costs do not include penalties, assessments and damages recovered by Seller in respect of Coal contracts with Coal suppliers to the extent such penalties, assessments and/or damages result in Coke Price reductions as set forth in
Schedule 5.1 or any successor schedule (in which case such penalties, assessments and/or damages 

  
 6 

 
shall be for the account of Seller); provided, however, if such penalties, assessments and/or damages exceed such Coke Price reductions, or such penalties, assessments and/or damages do not
result in a Coke Price reduction, then any such excess amount(s) or such penalties, assessments and/or damages not resulting in a Coke Price reduction will be deducted from the Coal Costs. 

(ii) The Coal Cost Component is (i) the actual Monthly Weighted Average Coal Costs, divided by
(ii) the product of (y) the Moisture Adjusted Coal Blend Tonnage charged to the coke ovens at the Coke Plants set forth in each applicable invoice, taking into account Coal Handling Losses, and (z) the Guaranteed Coke Yield
Percentage. 
 (iii) The Moisture Adjusted Coal Blend Tonnage is the Weighted Average thereof for
each applicable Month, and accounts for Coal Blend moisture on a fixed ***** % basis to be determined in accordance with the following formula: 
 Moisture Adjusted Coal Blend Tonnage = actual Coal Blend Tonnage (as determined in accordance with Section 3.1(d)(v)) x [(1 – the actual moisture content of such Coal Blend Tonnage) ÷
***** ]. 
 Such actual moisture shall be determined based on sampling of the actual Coal Blend Tonnage
immediately prior to coking thereof, and the testing and analysis on a composite basis, all of which shall be performed in accordance with ASTM Standards. 

(iv) Coal Handling Losses shall be fixed at ***** %, and shall be accounted in accordance with the
following formula: 
 Moisture Adjusted Coal Blend Tonnage for each Coke Shipment x (1 – ***** )

 (v) Seller’s static scale shall weigh Coal Blend Tonnages immediately prior to
coking. Such scale shall have an accuracy of not less than plus or minus (+/-) 0.25%, and shall be calibrated in accordance with the manufacturer’s instructions at Seller’s sole cost and expense. Absent Manifest Error, such weight
determinations shall be conclusive and binding on the Parties. 
 (vi) The Guaranteed Coke Yield
Percentage is determined in accordance with the following formula: 
 Blast furnace coke “dry” yield
equals ***** % less the sum of the percentage of dry basis volatile matter in the Coal Blend (described as the “typical” dry basis volatile matter in the Coal contracts pertaining to the Coal Blend), plus a ***** % allowance for net
operating losses in the coking process, plus a ***** % allowance for Breeze; provided, however, if the Weighted Average actual moisture content of such Coal Blend Tonnage exceeds ***** %, then for each increment of ***** % in excess of ***** %, such
***** % allowance shall be correspondingly increased by ***** %. By way of example, if the actual Weighted Average moisture 

  
 7 

 
content of the Coal Blend is ***** %, then the corresponding allowance for net operating losses in the coking process would be ***** %. 

Seller will re-determine the Guaranteed Coke Yield Percentage whenever the proportionate share of Coals within any Coal
Blend is increased or decreased by ***** % or more. 
 (e) Determination of Coke Tonnage. All Coke
Tonnage shall be weighed by track scales operated by Seller. Such scales shall have an accuracy of not less than 0.25% and shall be calibrated by an independent third party at a minimum of once per year or more often as required by the
manufacturer’s instructions or Prudent Operating and Maintenance Practices, the cost of which calibration shall be an O&M Expense. Absent Manifest Error, such weight determinations shall be conclusive and binding on the Parties. All Coke
Tonnage shall be adjusted to a ***** % moisture content in accordance with the following formula: 
 Tons
Sold    =    Total Tons x (1 – actual percentage moisture content) 
                                   
                                  ***** 

The actual moisture percentage content of Coke shall be determined in accordance with Section 5.1. 

3.2 Section 45 Credits. 

(a) In General. Provided Purchaser is not in default of this Agreement, starting in the Contract Year commencing
January 1, 2010, if any Coke qualifies for a credit under Section 45 of the Internal Revenue Code of 1986, or any similar or successor provision (“Section 45 Credits”) during any year during which Coke is produced during the
Term, then Seller shall provide Purchaser with a credit in respect of Coke Tonnage sold by Seller to Purchaser during such year, provided that in any Production Turndown Period the credit provided to Purchaser shall be reduced proportionately based
on the Coke Purchase Shortfall. 
 (b) Sunoco Realized Value. Where Sunoco or its Affiliates are the sole
investors in Seller, such credit shall be equal to ***** % of the Sunoco Realized Value of such Section 45 Credits. Such Sunoco Realized Value is the pre-tax value realized by Sunoco in respect of such Section 45 Credits, which shall be
determined by dividing the amount of such Section 45 Credits by one (1) minus the sum of (x), where (x) is the highest marginal federal income tax rate applicable to corporations, minus, in respect of section 199 of the Internal
Revenue Code of 1986, (i) two (2) percentage points in respect of year 2009, or (ii) three percentage points for each subsequent year during which such Section 45 Credits may be available; provided, however, such Sunoco Realized
Value shall also take into account any change in law, phase out, the ability of Sunoco to utilize the Section 45 Credits, or other circumstances relevant to such Sunoco Realized Value determination. The ability of Sunoco to utilize such
Section 45 Credits shall be determined by comparing Sunoco’s current federal consolidated tax liability with and without the Section 45 Credits attributable to Coke sales to Purchaser in respect of each such year. The determination of
such Sunoco Realized Value in respect of each year during which Section 45 Credits may be available shall be made on or before October 1st of the subsequent year and shall be credited on the invoice for such Month;

  
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provided, however, that if there is any change in law that repeals or reduces the amount of the section 199 deduction of the Code, or that limits the benefit or availability of such deduction, in
either case with respect to income arising from the sale of Coke under this Agreement, then the amounts subtracted pursuant to subparts (i) and (ii) of this Section 3.2(b) shall be reduced to reflect such change. 

(c) Other Realized Value. Where Sunoco or its Affiliates, and any third party or parties (the “Third Party
Investor(s)”), are the investors in Seller, such credit shall be equal to ***** % of the Other Realized Value of such Section 45 Credits. Such Other Realized Value is the product of (i) the percentage interest of Sunoco or its
Affiliates and such Third Party Investor(s) in respect of the revenue derived from the sale of Coke multiplied by, as applicable, (ii) the pre-tax value realized by (y) Sunoco in respect of such Section 45 Credits (as determined in
accordance with Section 3.2(b)) and (z) the Third Party Investor(s) as determined in a manner consistent with Section 3.2(b); provided, however, (i) such Other Realized Value in respect of any year shall not be less than the
Sunoco Realized Value for such year had such Third Party Investor(s) not been investors in Seller; and (ii) such Other Realized Value shall also take into account any change in law, phase out, the ability of Sunoco or, as applicable, the Third
Party Investor(s) to utilize the Section 45 Credits, or other circumstances relevant to such Other Realized Value determination. The determination of such Other Realized Value in respect of each year during which Section 45 Credits may be
available shall be made on or before the last Month of subsequent year and shall be credited on the invoice for such Month. 
 (d) Increases or Reductions. If the Sunoco Realized Value or Other Realized Value of any Section 45 Credits on Coke sales to Purchaser is thereafter reduced by the carry back of a net
operating loss in respect of an amended return, disallowance of all or a portion of the Section 45 Credits, or the inability of Sunoco or (as applicable) the Third Party Investor(s) to utilize the Section 45 Credits after final resolution
of an IRS audit, then Purchaser shall pay to Seller, within thirty (30) days following Seller’s Written notification to Purchaser of such reduction, an amount equal to (i) ***** % of the Sunoco Realized Value and (as applicable) the
Other Realized Value that would otherwise would have been realized but for such reduction plus ***** % of any fines and/or penalties arising from such disallowance, plus (ii) interest thereon, computed from the date of filing of the
consolidated income tax return of Sunoco or, as applicable, Third Party Investor(s) through the date on which such amount is paid by Purchaser to Seller. Such interest shall be equal to the additional interest owed by Sunoco or (as applicable) Third
Party Investor(s), or the reduction in interest due to Sunoco or (as applicable) Third Party Investor(s) if Sunoco or (as applicable) Third Party Investor(s) is in an overpayment position, determined by computing Sunoco’s or (as applicable)
Third Party Investor(s)’ federal income tax liability for the year with and without ***** % of the disallowed or reduced Section 45 credits. If the Sunoco Realized Value and (as applicable) the Other Realized Value of any Section 45
Credits from Coke sales to Purchaser is thereafter increased as a result of the ability of Sunoco or (as applicable) Third Party Investor(s) to utilize the carryover of any unused Section 45 Credits in later taxable years, or the ability of
Sunoco or (as applicable) Third Party Investor(s) to utilize additional Section 45 Credits after final resolution of an IRS audit, then Seller will credit Purchaser with an amount equal to (i) ***** % of the Sunoco Realized Value and (as
applicable) the Other Realized Value in respect of such increase, plus (ii) interest thereon at the overpayment rate of section 6621 of the Code or the successor provision, computed from the date of filing of the consolidated income tax return
of Sunoco or (as applicable) Third Party 

  
 9 

 
Investor(s) for the year in which the credit is utilized through the date on which such amount is credited by Seller to Purchaser. Any such credit shall be applied to the invoice for such Month
during which such Section 45 Credits are utilized. 
 (e) Schedules. Seller shall prepare
schedule(s) showing the calculation of the Section 45 Credits with respect to Coke sold to Purchaser during a year, not later than thirty (30) days before Seller files its federal income tax return for such year. 

(f) Recomputation. If Seller, and if applicable, any Third Party Investor(s), is claiming more Section 45
Credits than the amount that Purchaser determines to be appropriate, then for purposes of this Section 3.2, Purchaser may elect to have the Sunoco Realized Value, and if applicable, the Other Realized Value, determined based on such lower
amount of Section 45 Credits (such lower amount referred to as the “Recomputed Section 45 Credit Amount”). If there is a later reduction in any Section 45 Credits claimed by Seller or any Third Party Investor, then
Purchaser’s liability under Section 3.3(d) shall be determined only with respect to such reduction below the Recomputed Section 45 Credit Amount. Seller has no obligation to Purchaser under this Section 3.2 to the extent the
amount of Section 45 Credits actually allowed exceed the Recomputed Section 45 Credit Amount. 
 3.3
Terms of Payment/Invoicing. 
 (a) Provisional Shipment Invoices. On or promptly following the
date of each Shipment during the Term and any renewal thereof, Seller will submit to Purchaser in Writing a provisional invoice in respect of each such Shipment. The invoiced amount for such Shipment shall be the sum of (i) the product of
(x) the applicable Coke Price (based on Seller’s good faith estimate of Coal costs) multiplied by (y) the Coke Tonnage in respect of such Shipment, plus (ii) amounts payable by Purchaser to Seller in respect of any Third Party
Supplied Coke, as set forth in Section 6.4, plus (iii) Taxes thereon, plus or minus, as applicable, and (iv) the applicable adjustments set forth in Section 3.3(c). 

(b) Final Invoice. Revisions to the provisional invoice set forth in Section 3.3(a) will be made on a special
Monthly final invoice delivered to Purchaser to reflect actual adjustments to the Coal costs for Coke delivered to Purchaser during the preceding Month and, as applicable, any amounts payable in accordance with Section 3.3(c). That invoice will
be submitted to Purchaser within fifteen (15) days following the end of each applicable Month. The final invoice shall incorporate, as applicable, credits due to Purchaser or any additional amounts due from Purchaser. In the case of any
credits, such credits will be deducted from the next succeeding invoice(s) submitted to Purchaser. 
 (c)
Invoice Adjustments. 
 (i) Throughout the Term, amounts payable by Purchaser to Seller
pursuant to Section 3.3(b) shall be subject to the following Monthly adjustments (as applicable): 
 (A) Section 45 Credits as set forth in Section 3.2 (including any reductions or increases thereto as set forth in Section 3.2(d)); 

  
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 (B) Amounts payable pursuant to Article VII; 

(C) Adjustment(s) to the Coke Price as set forth in Section 5.1(b)(ii) and Schedule 5.1; 

(D) The Coke Price Discount in respect of any Nonconforming Coke Tonnage accepted or commingled by
Purchaser as set forth in Section 5.1(b)(iii); 
 (E) Direct costs that are creditable by
Purchaser to Seller or, as applicable, reimbursable by Purchaser to Seller pursuant to Section 6.3; 
 (F) The Production Turndown Adjustment Fee; 
 (G)
The Railroad Deficit Charge; 
 (H) Any credit or payment, as the case may be, as determined in
accordance with Section 3.1(c)(iv); and 
 (I) Any credit or payment, as the case may be,
in respect of any positive or negative difference between the Actual O&M Component and the Forecasted O&M Component, as determined in accordance with Section 3.1(c)(vi). 

(d) Payment. Subject to Section 3.3(e), invoiced amounts as set forth herein shall be due and payable in
immediately available funds by wire transfer to accounts identified by Seller or its designee (i) for the period from September 1, 2009 through December 31, 2010, on or within twenty-three (23) days after each applicable invoice
is delivered by Seller or its designee to Purchaser, and (ii) for the period commencing January 1, 2011 through the end of the Term, as set forth in the last sentence of this Section 3.3(d) (clause (i) or (ii) of this
paragraph, as applicable, the “Due Date”), and such payments shall not be subject to any right of set off or other condition. Overdue amounts shall accrue interest at the Interest Rate from the applicable Due Date. Commencing
January 1, 2011, the Due Date shall be set annually based on the payment terms set forth in Seller’s Coal purchase contracts based upon the weighted average, in Tons, of the Coal to be delivered under such Coal purchase contracts, provided
that the Due Date will be seven (7) fewer days than the due date for payment as set forth in such Coal purchase contracts. 
 (e) Manifest Error Exception. If, based upon Manifest Error, Purchaser reasonably believes that any invoice incorporates overcharged amounts in respect of amounts properly payable under this
Agreement, then it shall notify Seller in Writing of such overcharge, including the amount and the basis of its belief, prior to the Due Date. Subject to the foregoing, undisputed amounts shall be paid as set forth in Section 3.3(d), and the
Parties shall attempt, in good faith, to agree upon the disputed amounts within fifteen (15) days after such Written notice is delivered by Purchaser. If the Parties cannot resolve any such dispute within such fifteen (15) day period, then
either Party may invoke the provisions of Section 9.2. Disputed amounts confirmed to be actually due by Purchaser shall be payable within five (5) Business Days, and shall accrue interest at the Interest Rate from the applicable Due Date.
If it is determined in 

  
 11 

 
accordance with Section 9.2 that Purchaser has overpaid Seller under this Agreement, then Seller shall promptly reimburse Purchaser for the full amount of such overpayment, with interest in
respect of such overpayment accruing at the Interest Rate from the date of such overpayment by Purchaser through the date of reimbursement by Seller. 
 3.4 Production Turndown Adjustment Fee. In the event Purchaser requests a Production Turndown, in addition to the amounts payable by Purchaser pursuant to Section 3.1(a)(iii), Purchaser shall
pay Seller an amount equal to the sum of ***** (the “Production Turndown Adjustment Fee”). 
 3.5
By-Products; Option to Purchase Breeze. Seller shall retain all By-Products for its own account, and Seller shall retain all proceeds from the sale or other disposition of By-Products; provided, however, during each Calendar Year starting in
2010, Purchaser may, at its option, purchase ***** % of the available Breeze for the market price therefore FOB the Coke Plants in effect as of the date Purchaser exercises that option. In order to exercise that option, Purchaser must notify Seller,
in Writing, of its exercise thereof at least ninety (90) days prior to the commencement of the applicable Calendar Year. In the event that Purchaser exercises its option to purchase Breeze, Seller shall deliver Breeze to Purchaser at the Breeze
Delivery Point and Seller and Purchaser shall reasonably cooperate in scheduling Breeze deliveries. 
 3.6
Audit Rights. Purchaser or its designee shall have the right, during normal working hours of Seller, to review and inspect such books and records of Seller and, as applicable, SunCoke as Purchaser deems reasonably necessary to verify any
amounts payable by Purchaser under this Agreement. Purchaser shall provide Seller with at least two (2) Business Days Written notice prior to its commencement of any such review and inspection. Such review and inspection shall take place at the
place in which such books and records are customarily maintained. 
 ARTICLE IV 

COAL BLENDS 
 4.1 Selection. Starting Contract Year 2011, the Coal Committee shall select, by majority vote, Coal Blends that conform to the Coal Blend Standards, and may make recommendations to Seller regarding
the acquisition of Coals in respect of this Agreement and related testing, blending, handling and delivery procedures. The Parties acknowledge that a portion of the Coals have been committed to be purchased through March 31, 2012 (the
“Committed Coal”) and, therefore, the Coal Committee will select the remaining Coals required for the Coal Blend taking into account these prior commitments. The quantity, price and specifications of the Committed Coal are set forth on
Schedule 4.1. Purchaser and Seller shall each be entitled to exercise one vote in respect of Coal Committee matters. Meetings of the Coal Committee shall be scheduled at intervals and at locations to be mutually agreed upon by the Parties. In the
event of a tie, Purchaser shall have the final and deciding vote; provided, however, Purchaser shall not utilize such final and deciding vote to select a Coal Blend that does not conform to the Coal Blend Standards. 

  
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 4.2 Sampling and Testing. A qualified independent laboratory,
reasonably acceptable to both Parties, shall perform sampling, proximate analysis (including moisture analysis), total sulfur analysis, oxidation analysis, plastic behavior analysis, and petrography of each Coal shipment. Such sampling, analysis and
petrography shall be performed in accordance with ASTM Standards. The results of such analysis and petrography shall be promptly provided to each member of the Coal Committee in Writing, and shall be used for determining compliance with the Coal
Blend Standards in respect of each Coal Blend. 
 4.3 Unsuitability or Insufficiency of Coal Blends. If
any Coal Blend does not in practice conform to the Coal Blend Standards or if sufficient quantities thereof become unavailable, then Seller shall promptly inform Purchaser in Writing of such (applicable) nonconformity or unavailability. If, pending
selection of any new Coal Blend, the use by Seller of the Coal Blend originally selected by for use at the Coke Plants adversely affects the Coke Plants or Seller’s ability to comply with its obligations under this Agreement then, pending the
selection of a new Coal Blend, Seller shall have the authority to utilize another Coal Blend that incorporates the Coals available at the Coke Plants or Coals that are otherwise reasonably available to Seller and which, in Seller’s reasonable
judgment, meet or reasonably approximate the Coal Blend Standards. If such a Coal Blend is not available to Seller, then the Coke Quality Standards and the Coke Supply and Purchase Obligation shall be, as appropriate, adjusted at the reasonable
discretion of Seller; provided, however, Seller shall provide Purchaser with Written notice of such circumstance, and the basis for any corresponding adjustment to, as applicable, the Coke Quality Standards and/or the Coke Supply and Purchase
Obligation. 
 4.4 Authority of Seller. Subject to Seller’s obligations in respect of Sections 4.1,
4.2 and 4.3, Seller shall retain the responsibility and authority for daily operating matters involving the Coal Blends and compliance with the Coke Quality Standards, without any requirement to consult with or obtain the approval of Purchaser.

 ARTICLE V 
 COKE SAMPLING, ANALYSIS AND QUALITY 
 5.1 Coke
Moisture and Coke Quality. 
 (a) One (1) representative Coke sample increment will be taken from the
loading belt during the loading of each railcar. Each such increment will be a complete cross section cut as taken from the loading belt by the mechanical sampling system. All such samples shall be stored in a closed container situated within a
controlled, indoor environment prior to the testing and analysis thereof as required in Section 5.1(c). Upon twenty-four (24) hour notice to Seller, Purchaser shall be entitled to be present during the sampling, preparation, analysis, and
loading of Coke shipments. 
 Coke samples will be prepared on a daily basis by an independent laboratory in
accordance with ASTM Standards or, where no ASTM Standards apply, in accordance with generally accepted industry standards. Seller shall notify such independent laboratory to retain such samples for no less than thirty (30) days from the date
the samples are prepared. 

  
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 Moisture, size, sulfur, ash, volatile matter and stability of Coke will be
tested and analyzed on a daily basis, and the results thereof shall be arithmetically averaged, on a Shipment basis, to determine conformity with the Coke Quality Standards applicable thereto. Such testing and analysis shall be performed in
accordance with ASTM Standards or other procedures approved by the Parties in Writing, and shall govern for the purposes of determining conformity with the Coke Quality Standards. All daily results (prior to any averaging thereof), and all
consolidated results utilized to determine compliance with the Coke Quality Standards, will be provided by Seller to Purchaser promptly in Writing prior to the delivery of the applicable Shipment. Absent Manifest Error, those results shall be
conclusive and binding on the Parties for the purposes of determining conformity with the Coke Quality Standards and any adjustments to the Coke Price as set forth in Section 5.1(b) and Schedule 5.1. Purchaser shall have the right to conduct an
audit of all results of such sampling, preparation, testing and analysis for the purpose of auditing Seller’s compliance with such sampling, preparation, testing and analysis procedures. 

(b) Coke Quality Standards. 

(i) Subject to the availability of Coals that conform to the Coal Blend Standards, Coke shall conform to
the Coke Quality Standards set forth in the Schedule 5.1 and Seller will implement commercially reasonable measures to achieve conformity with the “mean” Coke Quality Standards set forth in Schedule 5.1. 

(ii) Subject to the availability of Coals that conform to the Coal Blend Standards and
Section 5.1(c), if Coke or Third Party Supplied Coke Tonnage does not conform to the “threshold” limits provided for in the Coke Quality Standards set forth in Schedule 5.1, then the Coke Price in respect of such Coke Tonnage will be
adjusted as set forth in Schedule 5.1 as respects each such nonconformity. In addition, Seller will implement prompt corrective measures to correct any such nonconformity in respect of further Coke shipments and will promptly inform Purchaser in
Writing of such corrective measures. 
 (iii) If Coke is delivered to Purchaser and is
subsequently determined to be Nonconforming Coke based upon sampling, preparation, testing and analysis set forth in Section 5.1(a), and such Nonconforming Coke is consumed or commingled with any other coke acquired by Purchaser, then Seller
shall be credited an amount equal to (i) the product of the (y) Coke Price multiplied by (z) the product of the Coke Tonnage from which such Nonconforming Coke Tonnage is derived (as adjusted for quality pursuant to the Schedule 5.1),
minus (ii) $ ***** per Ton in respect of such Nonconforming Coke Tonnage (the “Coke Price Discount”). Payment for such Nonconforming Coke shall be made in accordance with Section 3.3. However, where Nonconforming Coke is not
consumed or is not commingled with other coke acquired by Purchaser, Purchaser may either (y) reject such Nonconforming Coke by means of prompt Written notification thereof delivered by Purchaser to Seller (provided such Written notice is
delivered within three (3) Business Days following Seller’s notification to Purchaser of such Nonconforming Coke Tonnage), or (z) purchase such Nonconforming Coke Tonnage for the Coke Price less the Coke Price Discount. Upon rejection
of such Nonconforming 

  
 14 

 
Coke, title to such Nonconforming Coke shall revert to Seller and Seller shall accept all risk of loss, damage, or destruction therefore. 

(iv) Seller may blend up to ***** % Nonconforming Coke into other Coke Shipments such that (A) such
Nonconforming Coke is added onto the coke conveyor only with new, unscreened coke production, (B) such blended Coke does not exceed or, as applicable, is not less than the “reject” limits set forth in the Coke Quality Standards,
(C) the ash content, volatile matter content, sulfur content, moisture content and size of such Nonconforming Coke, are not less than ***** % or do not exceed ***** %, as applicable, of the “reject” limits set forth in the Coke
Quality Standards and (D) the stability of such Nonconforming Coke is not less than the “reject” limit set forth in the Coke Quality Standards. Purchaser may waive the requirements set forth in clauses (C) and (D) of this
Section 5.1(b)(iv) from time to time in its sole discretion. 
 (v) As applicable, Seller
shall be required to remove from Purchaser’s facilities any Nonconforming Coke that is properly rejected by Purchaser. Seller will be responsible for all removal costs. Purchaser may require Seller to make up the corresponding shortfall
pursuant to a reasonable shipment schedule to be specified by Purchaser. In addition, Seller shall implement appropriate corrective measures prior to further Coke deliveries, and shall promptly notify Purchaser in Writing of such corrective
measures. 
 (c) Changes to Coke Quality Standards. In conjunction with the annual review of the Coal
Blends by the Coal Committee, or as reasonably required based on prevailing market conditions in respect of Coal availability and price, Purchaser may request reasonable revisions to the Coke Quality Standards. Promptly after receipt of
Purchaser’s request, Seller will enter into good faith discussions with Purchaser regarding such changes; provided, however, Seller will not be required to make any adjustment that would have a detrimental effect on (i) Coal Blend
Standards; (ii) Seller’s economic returns (including the operating or capital costs associated with the Coke Plants, the “threshold” or “reject” Coke Quality Standards), and/or (iii) contracts between Seller and
third parties including Coal purchase contracts. Any increase or decrease in costs and charges associated with any such change shall be for the account of Purchaser. If the Parties are unable to reach agreement as respects any such proposed
revisions, then such dispute shall be subject to the dispute resolution procedures set forth in Article IX. 

5.2 Title. Seller warrants that at the time of delivery of Coke or Third Party Supplied Coke to Purchaser it shall
have good title and full right and authority to transfer such Coke or Third Party Supplied Coke to Purchaser, and that the title conveyed shall be good and its transfer shall be rightful and that such Coke or Third Party Supplied Coke shall be
delivered free from any security interest or other lien or encumbrance. 
 5.3 Exclusivity. THE
WARRANTIES EXPRESSLY SET FORTH IN THIS ARTICLE V ARE EXCLUSIVE AND ARE IN LIEU OF ALL OTHER WARRANTIES, WHETHER WRITTEN OR ORAL, IMPLIED IN FACT OR IN LAW, AND WHETHER BASED ON STATUTE, CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE. THE WARRANTY OF
MERCHANTABILITY AND WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE ARE EXPRESSLY EXCLUDED AND DISCLAIMED. 

  
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 ARTICLE VI 
 OBLIGATIONS RELATED TO COKE SUPPLY AND DELIVERIES 

6.1 [Intentionally omitted] 
 6.2 Coke Supply and Purchase Obligation. 
 (a)
Seller’s Supply Obligation. Subject to Section 6.6, beginning January 1, 2010 and for each subsequent Contract Year Seller’s obligation (“Coke Supply Obligation”) in respect of the Coke Supply and Purchase
Obligation is: 
 (i) as respects the Base Case Coal Blend, not less than 90% of five hundred
fifty thousand (550,000) Tons of Coke or, as applicable, Third Party Supplied Coke; 
 (ii)
as respects each Coal Blend that contains a volatile matter content percentage which varies from the Base Case Coal Blend, not less than 90% of the Coke and Third Party Supplied Coke Tonnage provided for in the corresponding volatile matter content
percentage set forth in the attached and incorporated Schedule 6.2(a). 
 (b) Purchaser’s Purchasing
Obligation. Subject to Section 6.6 and Purchaser’s rejection rights in respect of Nonconforming Coke, Purchaser’s obligation in respect of the Coke Supply and Purchase Obligation is to purchase all Coke conforming to the Coke
Quality Standards produced by Seller delivered by Seller to the Coke Rail Delivery Point, not to exceed 105% of the Purchaser’s Targeted Coke Production. 
 (c) Ratability of Coke Production. In accordance with Prudent Operating and Maintenance Practices, but subject to Seller Force Majeure Event(s), Coke deliveries pursuant to Section 6.3 shall
be made on a commercially reasonable ratable basis at intervals such that (subject to Seller’s Coke Supply Obligation) for any consecutive four (4) Week period, on a rolling basis, Seller shall deliver to the Coke Rail Delivery Point not
less than ***** % ( ***** %, in the case of the Contract Year commencing January 1, 2010) of the Targeted Coke Production (the “Minimum Ratability Standard”). 

6.3 Coke Deliveries. 
 (a) Coke Delivery Points. All Coke deliveries by Seller to Purchaser shall be made at the Coke Rail Delivery Point. In the case of such deliveries, Purchaser shall supply all railcars reasonably
required to receive such Coke from Purchaser at the rail yard located at the Site. The Parties shall reasonably cooperate in scheduling such Coke deliveries. 
 (b) Seller’s Rights When Purchaser Wrongfully Refuses Delivery of Coke. If Purchaser refuses or, except as set forth in Section 8.2, below, is unable to accept any delivery of Coke
Tonnage, and such refusal or failure is a breach of Purchaser’s obligations under this Agreement, then without in any way limiting Seller’s remedies in respect this Agreement, (i) Purchaser shall pay Seller an amount equal to the
product of the Coke Price in respect of such Coke Tonnage; (ii) Purchaser will reimburse Seller for Seller’s actual handling costs associated 

  
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therewith, including reasonable storage, incurred by Seller in connection with the stockpiling of such Coke Tonnage; and (iii) the moisture content of such Coke Tonnage, or any blending of
such Coke Tonnage with other Coke Tonnage performed at Purchaser’s request, shall not be required to conform to the moisture specification set forth in the Coke Quality Standards; provided, however, Seller shall not be obligated to store more
than fifteen thousand (15,000) Tons of Coke at the Coke Plants (“Stored Coke”) on behalf of the Purchaser at any point during the Term or any renewal thereof. Where Seller is entitled to such reimbursement from Purchaser, it shall
promptly notify Purchaser in Writing of the amount and basis for determining Seller’s direct costs, which Written notice will include reasonable support for such direct costs; provided, however, if either (i) Purchaser fails to pay for
such wrongfully refused Coke Tonnage, (ii) Coke stored at the Coke Plants exceeds the allocated storage amount of fifteen thousand (15,000) Tons, or (iii) Purchaser does not remove from the Coke Plants the Stored Coke within six
(6) months of the first Coke Tonnage entering the stockpile, then in any such case Seller may resell the same upon Written notice to Purchaser of its intention to do so. Where such resale is made in good faith and in a commercially reasonable
manner, Seller shall recover the positive difference (if any), less any amount paid to Seller by Purchaser for such Coke Tonnage, between (i) the sum of (x) the product of the applicable (A) Coke Price multiplied by (B) such Coke
Tonnage, plus (y) reasonable storage and re-screening costs and degradation and handling losses in respect thereof, plus (z) any Incidental Damages in respect thereof, and (ii) the sum of the (y) resale proceeds in respect of
such Coke Tonnage, plus (z) expenses saved (if any) as a consequence of Purchaser’s breach. 
 (c)
Title and Risk of Loss. Title and all risk of loss, damage or destruction in respect of (i) Coke Tonnage will pass to and be assumed by Purchaser upon its delivery to the Coke Delivery Point, and (ii) any Breeze purchased will pass
to and be assumed by Purchaser upon its loading into trucks supplied by Purchaser at the Breeze Delivery Point; provided, however, title and risk of loss of Nonconforming Coke shall not pass to Purchaser if it is rejected by Purchaser. 

6.4 Third Party Supplied Coke. If, at any point during any Contract Year, Seller has reason to believe that it
will be unable to produce and deliver sufficient Coke to meet the minimum range set forth in Section 6.2(a) of the Coke Supply and Purchase Obligation or the Minimum Ratability Standard, then Seller shall promptly provide Written notice of the
same to Purchaser and Seller shall exercise commercially reasonable efforts to obtain Third Party Supplied Coke in respect of the product of either such shortfall (measured in Tons) (each, as applicable, a “Coke Production Shortfall”).
Furthermore, if Purchaser has a reasonable basis to conclude that Seller will be unable to deliver sufficient Coke meet such minimum range of the Coke Supply and Purchase Obligation or the Minimum Ratability Standard, then Purchaser shall provide
Written notice thereof to Seller (including the basis of such conclusion), and following Seller’s receipt of such Written notice Seller shall, within a reasonable time under the circumstances, provide Purchaser with Written reasonable
assurances that it will comply with the minimum range of the Coke Supply and Purchase Obligation or, as applicable, the Minimum Ratability Standard (collectively, “Seller’s Reasonable Assurance Obligations”). If Seller does not comply
with Seller’s Reasonable Assurance Obligations then, subject to Section 6.5, it shall exercise commercially reasonable efforts to obtain Third Party Supplied Coke in respect of such Coke Production Shortfall. The quality of such Third
Party Supplied Coke shall not exceed or, as applicable, be less than the “reject” limits set forth in Schedule 5.1. The price Purchaser shall 

  
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pay for such Third Party Supplied Coke shall be the lesser of (i) the price of such Third Party Supplied Coke (as adjusted in accordance with Schedule 5.1) delivered to the Middletown Plant
or the Ashland Plant, or (ii) the current Coke Price (as adjusted in accordance with Schedule 5.1). Seller shall arrange for the shipment and delivery of Third Party Supplied Coke and shall exercise reasonable, good faith efforts to arrange for
such deliveries in accordance with Purchaser’s requested delivery schedule. Promptly following the delivery to the Middletown Plant or the Ashland Plant of any Third Party Supplied Coke shipment, Seller shall deliver by facsimile transfer or
electronic mail, or by such other method agreed upon by the Parties in Writing, an invoice for each such shipment to the Purchaser. Payment by Purchaser to Seller for such Third Party Supplied Coke in respect of the Month during which it is supplied
to Purchaser shall be made in accordance with Section 3.3(d). Notwithstanding anything to the contrary set forth in this Agreement, except as respects the occurrence of Seller Force Majeure Event(s), if Seller reasonably determines that the
Coke production capacity of the Coke Plants is or will be less than ***** % of Targeted Coke Production, and Seller is unable to establish or restore such production capacity notwithstanding its good faith and commercially reasonable efforts to do
so, then Seller’s obligation to cover such Coke Production Shortfall (either in respect of Third Party Supplied Coke or Purchaser Obtained Coke) shall not exceed twelve (12) months in duration (the “Production Capacity Liability
Limitation”). 
 6.5 Purchaser Obtained Coke. In the event Seller (i) fails to comply with its
obligations in respect of Section 6.4 (including Seller’s Reasonable Assurances Obligations and its obligation to obtain Third Party Supplied Coke sufficient to satisfy the Minimum Ratability Standard), or (ii) notifies Purchaser that
it has reason to believe that it will be unable to cover any applicable Coke Production Shortfall with Third Party Supplied Coke, then Purchaser may make commercially reasonable arrangements to acquire Purchaser Obtained Coke sufficient to cover
such Coke Production Shortfall, and Purchaser shall so notify Seller in Writing of such arrangements. Subject to the Production Capacity Liability Limitation, if the commercially reasonable price of Purchaser Obtained Coke Tonnage plus the actual,
direct costs incurred by Purchaser to deliver such Purchaser Obtained Coke Tonnage to the Middletown Plant or the Ashland Plant is greater than the sum of (i) the product of (y) the current Coke Price for Coke (as adjusted in accordance
with Schedule 5.1) multiplied (z) by such Coke Tonnage, and (ii) the applicable Purchaser freight cost, then Seller shall reimburse Purchaser for the amount of such excess. In the event Purchaser secures Purchaser Obtained Coke, then it
shall use commercially reasonable efforts to limit its use of Purchaser Obtained Coke to the time period for which Purchaser reasonably believes, based on facts and circumstances disclosed in Writing to Purchaser by Seller, that a Coke Production
Shortfall will not be covered by Coke or Third Party Supplied Coke Tonnage. 
 6.6 Production Turndown.

 (a) To assist Purchaser in its preservation of working capital during periods when it experiences a
significant reduction in the demand for steel, AK will have the right, exercisable on or after January 1, 2011, to nominate a Production Turndown, provided that the Production Turndown Conditions are satisfied. 

(b) Purchaser must provide Seller at least forty-five (45) days (but not more than sixty (60) days) prior
Written notice (the “Production Turndown Notice”) of its desire to 

  
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nominate a Production Turndown. The Production Turndown Notice shall specify the Production Turndown Period and the quantity of Coke to be taken during the Production Turndown Period. 

(c) Purchaser may increase the amount of Coke it desires to purchase during a Production Turndown Period (a
“Production Turndown Increase”) upon at least forty-five (45) days prior Written notice to Seller (the “Production Turndown Increase Notice”), provided that (i) the Coal Committee is able to procure Coal in sufficient
quantity and meeting the Coal Blend Standards to satisfy such increased Coke demand, and (ii) Purchaser and Seller are able to agree upon a revised Forecast of O&M Expenses for the remainder of the Production Turndown Period. 

(d) Within fifteen (15) days following its receipt of a Production Turndown Notice or a Production Turndown Increase
Notice, Seller shall prepare and provide to Purchaser a revised Forecast that sets forth in reasonable detail its good faith estimate of the O&M Expenses in respect of the Coke Plants for the Production Turndown Period. For the avoidance of
doubt, such O&M Expenses include operating and maintenance costs in respect of the Cogeneration Plant notwithstanding the circumstance that payments in respect of electrical energy produced by such Cogeneration Plant are made pursuant to the
Related Energy Sales Agreement. Such Forecast shall be based on the criteria set forth in Section 3.1(c)(iii) as adjusted to take into account the effect of the Production Turndown or Production Turndown Increase. Such Forecast shall further be
adjusted to reflect the deferment of costs related to the Production Turndown or Production Turndown Increase, to the extent that such costs can reasonably be deferred without adversely impacting the integrity, performance or safe operation of the
Coke Plants, as determined in Seller’s sole discretion. Within fifteen (15) days following Seller’s delivery of such Forecast to Purchaser, Seller and Purchaser shall confer in good faith for the purpose of reviewing and approving
such Forecast. If, within fifteen (15) days thereafter, the Parties do not agree upon such Forecast, then the Production Turndown or Production Turndown Increase, as applicable, shall not become effective. Neither Party shall have the right to
submit a dispute regarding the Forecast to arbitration in accordance with Section 9.2. If the Parties agree upon such Forecast, it shall be the Forecast used to determine the Forecasted O&M Component pursuant to Section 3.1(c).

 ARTICLE VII 
 CHANGES IN GOVERNMENTAL REQUIREMENTS 
 7.1
Government Mandated Additional Expenditures. 
 (a) Notification. If, following the date of this
Agreement, Seller determines that a change in Governmental Requirements may materially burden its performance of its obligations under this Agreement, then Seller shall so notify Purchaser in Writing. Seller’s performance shall be materially
burdened where any such Governmental Requirement has a material adverse economic impact on Seller, including such impacts in respect of (i) the Coke Quality Standards; (ii) the Coal Blend Standards, (iii) the Guaranteed Coke Yield
Percentage; (iv) the cost of operating or maintaining the Coke Plants (including associated capital costs); (v) the production capacity of the Coke Plants and Cogeneration Plant (including Coke and electrical

  
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energy); or (vi) Seller’s performance obligations to third parties related to Coal purchasing, transportation or handling contracts. Such notice shall incorporate Seller’s good
faith proposals for complying with those changes in Governmental Requirements, including the estimated cost thereof. 
 (b) Good Faith Negotiations. During the sixty (60) day period following delivery of any such notice, Seller and Purchaser shall negotiate in good faith to reach agreement as to
(i) whether any such change in Governmental Requirements should be challenged, including the scope and manner of such challenge; and (ii) the most economical and commercially prudent methods for complying with such change in Governmental
Requirements. 
 (c) Implementation. If such negotiations result in agreement as to whether to challenge
the change in Governmental Requirements or the methods for complying with the change in Governmental Requirements, then Seller shall promptly implement such challenge or methods as appropriate. Costs and charges associated with any such challenge
(including attorneys’ and consultants’ fees, and fines and penalties) shall be borne equally by Seller and Purchaser. If no such agreement is reached or if such challenge is unsuccessful, then Seller will implement commercially reasonable
methods for complying with the change in Governmental Requirements. In connection therewith, any associated Government Mandated Additional Capital Expenditures or Government Mandated Additional Expenses shall be performed at the lowest practicable
cost at the time each such cost is incurred. 
 7.2 Government Mandated Additional Capital Expenditures.
Government Mandated Additional Capital Expenditures shall have an assumed useful life equal to the greater of seven (7) Contract Years or the remainder of the Term following completion of the Government Mandated Additional Capital Expenditures.
As soon as the Government Mandated Additional Capital Expenditures have been completed, the monthly amortized cost thereof for the remaining months of the Term will be calculated based on the applicable examples set forth in Schedule 7.2, and such
allocated monthly amortized cost shall be payable by Purchaser to Seller in accordance with Section 3.3; provided, however, if Seller incurs a Government Mandated Additional Capital Expenditure and if the remainder of the Term is less than
seven (7) Contract Years, then Purchaser shall not be obligated to pay to Seller the unamortized balance of such Government Mandated Additional Capital Expenditure. 
 ARTICLE VIII 
 FORCE MAJEURE EVENT(S) 

8.1 Seller Force Majeure Event(s). 

(a) Seller Force Majeure Event(s) are: 

(i) acts of God, acts of the public enemy, insurrections, riots, strikes, lockouts, boycotts, floods,
interruptions to transportation, actions or inactions of a Governmental Authority, embargoes, acts of military authorities or other causes of a similar nature which wholly or partly prevent the production, transportation or delivery of Coke; or

  
 20 

 (ii) the unavailability of sufficient quantities of Coals
utilized for any Coal Blend, or transportation services in respect thereof; 
 provided, that no event shall constitute a Seller
Force Majeure Event unless such event is beyond the reasonable control of and without the fault or negligence of Seller and which by the exercise of due foresight Seller could not reasonably have been expected to avoid and which Seller is unable to
overcome by the exercise of due diligence and reasonable care. 
 (b) Seller will provide Purchaser with prompt
Written notice of the nature and probable duration of each Seller Force Majeure Event and of the extent of its effects on Seller’s performance hereunder, including its good faith estimate of the amount of Coke, if any, Seller will be able to
deliver to Purchaser during such Seller Force Majeure Event. Seller will exercise commercially reasonable efforts to deliver to Purchaser the amount of Coke Tonnage that Seller notifies Purchaser it will be able to deliver during each Seller Force
Majeure Event. 
 (c) Seller will use commercially reasonable efforts to limit the effects and duration of each
Seller Force Majeure Event, including (as applicable) restoring any damaged property necessary to reinstate the obligations of Seller under this Agreement, selecting alternate Coals for a Coal Blend that, in Seller’s reasonable judgment,
conforms to or reasonably approximates the Coal Blend Standards and, to the extent reasonably possible, that is calculated to produce Coke that conforms to or approximates the Coke Quality Standards, and supporting Purchaser in locating alternate
sources of substitute coke Tonnage for the duration of such Seller Force Majeure Event; provided, however, nothing in this Section shall be deemed to require Seller to resolve any strike or other labor dispute except on terms that are satisfactory
to Seller in its sole discretion. Purchaser’s obligation to purchase Coke shall be limited to that portion of the Coke Tonnage (excluding Nonconforming Coke Tonnage) that Seller is able to deliver to Purchaser, but in any event not in excess of
that which Seller indicated that it could supply to Purchaser in Seller’s notice of Seller Force Majeure Event provided pursuant to Section 8.1(b). Once Seller’s ability to deliver Coke is no longer suspended as a result of the
applicable Seller Force Majeure Event, the obligations of Seller and Purchaser under this Agreement will be reinstated with a prorated portion of the remaining of the Coke Supply and Purchase Obligation in respect of the Contract Year during which
Seller’s ability to perform hereunder is no longer suspended as a result of such Seller Force Majeure Event. 
 8.2 Purchaser Force Majeure Event(s). 
 (a) Purchaser Force
Majeure Event(s) are acts of God, acts of the public enemy, insurrections, riots, strikes, lockouts, boycotts, floods, interruptions to transportation, actions or inactions of a Governmental Authority, embargoes, acts of military authorities or
other causes of a similar nature which in whole or in part prevent Purchaser from being able to accept Coke from Seller; provided, that no event shall constitute a Purchaser Force Majeure Event unless such event is beyond the reasonable control of
and without the fault or negligence of Purchaser and which by the exercise of due foresight Purchaser could not reasonably have been expected to avoid and which Purchaser is unable to overcome by the exercise of due diligence and reasonable care.

  
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 (b) Purchaser will provide Seller with prompt Written notice of the nature
and probable duration of each Purchaser Force Majeure Event and of the extent of its effects on Purchaser’s performance hereunder; provided, however, during such Purchaser Force Majeure Event, Purchaser shall be obligated to purchase from
Seller all Coke Tonnage that meets its requirements in respect of any blast furnaces that may continue to be operated by Purchaser and its Affiliates during the Purchaser Force Majeure Event (such Tonnage to be priced at the applicable Coke Price
f.o.b. the Coke Plants). 
 (c) Purchaser will use commercially reasonable efforts to limit the effects and
duration of each Purchaser Force Majeure Event, including (as applicable) restoring any damaged property necessary to fully reinstate the obligations of Purchaser under this Agreement; provided, however, nothing in this Section shall be deemed to
require Purchaser to resolve any strike or other labor dispute except on terms that are satisfactory to such Purchaser in its sole discretion. Once Purchaser’s ability to perform is no longer suspended as a result of the applicable Purchaser
Force Majeure Event, the obligations of Purchaser and Seller under this Agreement will be reinstated with a prorated portion of the remaining Coke Supply and Purchase Obligation in respect of the Contract Year during which Purchaser’s ability
to perform hereunder is no longer suspended as a result of such Purchaser Force Majeure Event. 
 ARTICLE IX 

DISPUTE RESOLUTION 
 9.1 Attempt at Resolution. Except for claims or causes of action in respect of Equitable Relief, and subject to Sections 3.1(c)(iv) and 7.1(b), should any claim, cause of action or dispute
(collectively, a “Dispute”) arise out of any of the provisions of this Agreement, the Parties shall first attempt in good faith to resolve such Dispute within thirty (30) days after either Party notifies the other that a Dispute
exists. No Party may commence an arbitration under Section 9.2 below until after the passage of such thirty (30) day period. 
 9.2 Interpretation and Dispute Resolution. 
 (a) Except as
respects the exercise or prosecution of claims or causes of action for Equitable Relief, for which the Parties shall have the right to proceed in any court of appropriate jurisdiction, any Dispute not resolved pursuant to (as applicable) Sections
3.1(c)(iv), 7.1(b) or 9.1 between the Parties arising out of or relating to this Agreement, the Related Energy Sales Agreement, the relationship of the Parties created by those agreements, or the breach, validity or enforceability of those
agreements shall be resolved by binding arbitration pursuant to the terms of the United States Arbitration Act, whether or not federal jurisdiction is obtained. Any and all arbitration(s) hereunder shall be conducted in Cincinnati, Ohio in
accordance with the Commercial Arbitration Rules (the “Rules”) of the American Arbitration Association. 
 (b) Any and all such arbitration(s) shall be conducted by a panel of three (3) neutral arbitrators. The claimant shall appoint an arbitrator when it serves its demand for arbitration, the respondent
shall submit an answering statement within thirty (30) days of service of the demand for arbitration and shall at that time appoint an arbitrator, and the two Party-appointed arbitrators shall select a third arbitrator to chair the arbitration
within fifteen (15) days 

  
 22 

 
after service of the answering statement. If the Party-appointed arbitrators are unable to agree upon a third arbitrator, then the third arbitrator shall be appointed in accordance with the
Rules. 
 (c) The arbitration award by the arbitration panel shall be final and binding, shall include interest
at the Interest Rate and, unless the arbitrator panel expressly determines them not to be appropriate, shall include costs, including reasonable attorneys’ fees, together with interest at the Interest Rate. Any arbitration award may be enforced
by the state or federal courts sitting in Cincinnati, Ohio or any other court of competent jurisdiction (including any jurisdiction in which the Party against whom the award is sought to be enforced holds or keeps assets). 

(d) Upon the date of an arbitration award pursuant to this Section 9.2, if it is determined that an amount is due
from one Party to the other Party, then such amount will be paid to the Party to whom it is due within ten (10) days from the Written determination of the arbitration panel. Overdue payments shall bear interest at the Interest Rate. The failure
by such Party to pay any amount due or otherwise take the required actions within the required time hereunder shall be a Purchaser Event of Default or Seller Event of Default, as applicable. 

9.3 Consolidation. If the Parties initiate multiple arbitration proceedings (i) relating to this Agreement
and the Related Energy Sales Agreement, or (ii) for which the subject matters are related by common questions of law or fact, then all such proceedings shall be consolidated into a single arbitral proceeding heard by the same arbitral panel.
The arbitral panel shall be authorized to establish procedures which it deems appropriate in its discretion to adjudicate consolidated Disputes, including bifurcating the issues or issuing interim awards. 

ARTICLE X 

REPRESENTATIONS AND WARRANTIES 
 10.1 Seller’s Representations and Warranties. Seller hereby represents and warrants, as of the Effective Date, to Purchaser as follows: 

(a) Due Organization. Seller is a corporation duly organized and validly existing and in good standing under the
laws of the State of Delaware and has all requisite corporate power and authority to own and operate its business and properties and to carry on its business as such business is now being conducted and is duly qualified to do business in Ohio.

 (b) Due Authorization; Enforceability. Seller has full corporate power and authority to execute and
deliver this Agreement and to perform its obligations hereunder. This Agreement is the valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, except as the enforceability thereof may be limited by applicable
bankruptcy laws affecting creditors’ right generally, and by general equitable principles regardless of whether the issue of enforceability is considered in a proceeding in equity or at law. 

(c) Non-Contravention. The execution, delivery and performance of this Agreement by Seller and the consummation of
the transactions contemplated hereby do not contravene the certificate of incorporation or by-laws of Seller and do not conflict with or result in a breach of or default under any indenture, mortgage, lease, agreement, instrument, judgment,

  
 23 

 
decree, order or ruling to which Seller is a party or by which it or any of its properties is bound or affected. 

(d) Regulatory Approvals. All governmental or other authorizations, approvals, orders or consents required in
connection with the execution, delivery and performance of this Agreement by Seller have been obtained or can reasonably be expected to be obtained in due course. 

10.2 Purchaser’s Representations and Warranties. Purchaser hereby represents and warrants, as of the
Effective Date, to Seller as follows: 
 (a) Due Organization. Purchaser is a corporation duly organized
and validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to own and operate its business and properties and to carry on its business as such business is now being conducted
and is duly qualified to do business in Ohio. 
 (b) Due Authorization; Enforceability. Purchaser has
full corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement is the valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, except as
the enforceability thereof may be limited by applicable bankruptcy laws affecting creditors’ right generally, and by general equitable principles regardless of whether the issue of enforceability is considered in a proceeding in equity or at
law. 
 (c) Non-Contravention. The execution, delivery and performance of this Agreement by Purchaser and
the consummation of the transactions contemplated hereby do not contravene the certificate of incorporation or by-laws of Purchaser and do not conflict with or result in a breach of or default under any indenture, mortgage, lease, agreement,
instrument, judgment, decree, order or ruling to which Purchaser is a party or by which it or any of its properties is bound or affected. 
 (d) Regulatory Approvals. All governmental or other authorizations, approvals, orders or consents required in connection with the execution, delivery and performance of this Agreement by Purchaser
have been obtained or can reasonably be expected to be obtained in due course. 
 10.3 Holding’s
Representations and Warranties. Holding hereby represents and warrants, as of the Effective Date, to Seller as follows: 
 (a) Due Organization. Holding is a corporation duly organized and validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority
to own and operate its business and properties and to carry on its business as such business is now being conducted and is duly qualified to do business in Ohio. 

(b) Due Authorization; Enforceability. Holding has full corporate power and authority to execute and deliver this
Agreement and to perform its obligations hereunder. This Agreement is the valid and binding obligation of Holding, enforceable against Holding in accordance with its terms, except as the enforceability thereof may be limited by applicable

  
 24 

 
bankruptcy laws affecting creditors’ right generally, and by general equitable principles regardless of whether the issue of enforceability is considered in a proceeding in equity or at law.

 (c) Non-Contravention. The execution, delivery and performance of this Agreement by Holding and the
consummation of the transactions contemplated hereby do not contravene the certificate of incorporation or by-laws of Holding and do not conflict with or result in a breach of or default under any indenture, mortgage, lease, agreement, instrument,
judgment, decree, order or ruling to which Holding is a party or by which it or any of its properties is bound or affected. 
 (d) Regulatory Approvals. All governmental or other authorizations, approvals, orders or consents required in connection with the execution, delivery and performance of this Agreement by Holding
have been obtained or can reasonably be expected to be obtained in due course. 
 ARTICLE XI 

DEFAULT AND REMEDIES 
 11.1 Purchaser’s Events of Default. Purchaser shall be in default upon the occurrence of one or more of the following events (each a “Purchaser Default”): 

(a) A Payment Default by Purchaser, which Payment Default remains uncured for ten (10) days following receipt of
Written notice by Seller to Purchaser; 
 (b) If Purchaser becomes Bankrupt; 

(c) Except as provided in Section 11.1(a) hereof, if Purchaser otherwise fails to perform, observe or comply with
any other material term, condition, obligation, covenant or provision of this Agreement, and such breach has not been corrected, cured or remedied within sixty (60) days after Written notice of such breach has been delivered to Purchaser,
provided, that if such cure cannot reasonably be completed within such sixty (60) day period, then provided Purchaser promptly commences action(s) to effect a cure and continues to prosecute such cure with reasonable diligence thereafter, such
cure period shall be extended for an additional sixty (60) days; or 
 (d) If an AK Event of Default (as
such term is defined in the Related Energy Sales Agreement) exists under the Related Energy Sales Agreement. 

11.2 Seller’s Events of Default. Seller shall be in default upon the occurrence of one or more of the
following events (each a “Seller Default”): 
 (a) If Seller becomes Bankrupt; or 

(b) If Seller fails to perform, observe or comply with any other material term, condition, obligation, covenant or
provision of this Agreement, and such breach has not been corrected, cured or remedied within sixty (60) days after Written notice of such breach has been delivered to Seller, provided, that if such cure cannot reasonably be completed within
such sixty 

  
 25 

 
(60) day period, then provided Seller promptly commences action(s) to effect a cure and continues to prosecute such cure with reasonable diligence thereafter, such cure period shall be extended
for an additional sixty (60) days; or 
 (c) If a Haverhill Event of Default (as such term is defined in
the Related Energy Sales Agreement) exists under the Related Energy Sales Agreement. 
 11.3 Pursuit of
Remedies. Upon the occurrence of such an event of default, either Party may pursue its corresponding legal remedies through the procedures set forth in Article IX. 

11.4 Termination by Seller for Breach by Purchaser. Upon the occurrence of (w) a Payment Default that is not
cured by Purchaser with ten (10) days following receipt of Written notice by Seller to Purchaser, (x) Purchaser becoming Bankrupt, (y) an AK Event of Default, or (z) such other Purchaser Default that is not cured prior to the
expiration of the cure period set forth in Section 11.1(c), then, in addition to pursuing its remedies pursuant to Section 11.3, Seller may terminate this Agreement effective immediately upon the delivery of Written notice thereof to
Purchaser. Except for claims or causes of action in respect of Equitable Relief, any Dispute in respect of such termination right shall be subject to Article IX. Upon any such termination, Seller shall be relieved of its obligations under this
Agreement including its obligations in respect of the Coke Purchase and Supply Obligation. Furthermore, within thirty (30) days following the effective date of such termination Purchaser shall pay to Seller the Seller’s Damages, less
Mitigation Proceeds as such Mitigation Proceeds are realized by Seller pursuant to Seller’s duty to mitigate Seller’s Damages. 
 11.5 Termination by Purchaser for Breach by Seller. Upon the occurrence of (i) Seller becoming Bankrupt, (ii) a Haverhill Event of Default, or (iii) such other Seller Default that is
not cured prior to the expiration of the cure period set forth in Section 11.2(b), then, in addition to pursuing its remedies pursuant to Section 11.3, Purchaser may terminate this Agreement effective immediately upon the delivery of
Written notice thereof to Seller. Except for claims or causes of action in respect of Equitable Relief, any Dispute in respect of such termination right shall be subject to Article IX. Upon such termination, Purchaser shall be relieved of its
obligations under this Agreement including its obligations in respect of the Coke Purchase and Supply Obligation and its obligation (if any) to pay Government Mandated Additional Expenditures. In addition, subject to the Production Capacity
Liability Limitation, Seller shall be liable to Purchaser for the difference (if any) between the (y) price of Purchaser Obtained Coke, and (z) the Coke Price that would have been payable by Purchaser to Seller for Coke Tonnage for the
minimum range of the Coke Supply and Purchase Obligation (collectively, “Purchaser’s Damages”). Such Coke Price will be determined based upon the assumed utilization of the Base Coal Blend, and a reasonable market value estimation of
the Coal Cost Component in respect of such Base Coal Blend. 
 11.6 Termination by Purchaser Resulting From
Shutdown of Iron Producing Portion of Ashland Plant. Purchaser may, upon two years prior Written notice to Seller and payment to Seller of a termination fee in the amount of $ ***** , terminate this Agreement at any time on or after
January 1, 2014, if Purchaser has permanently shut down operations of the iron producing portion of the Ashland Plant and has not acquired or begun construction of a new blast furnace in the United States to replace, in whole or in part, the
Ashland Plant iron production capacity; 

  
 26 

 
provided that if the termination occurs at any time following December 31, 2017, the termination fee shall not be payable. 

11.7 Termination by Seller Due to Coke Production Shortfall. Seller may, upon two years prior Written notice to
Purchaser and payment to Purchaser of a termination fee in the amount of $ ***** , terminate this Agreement at any time on or after January 1, 2014, if Seller is unable to meet Seller’s Coke Supply Obligation due to a significant event
occurring at the Coke Plants that limits the Coke production capability of the Coke Plants and that Seller is unable to overcome through the exercise of commercially reasonable efforts; provided that if the termination occurs at any time following
December 31, 2017, the termination fee shall not be payable. 
 11.8 Waiver of Right to Terminate.
Purchaser may waive its right to terminate this Agreement pursuant to Section 11.6 at any time prior to exercising such right, by providing Written notice thereof to Seller. Upon Seller’s receipt of such Written notice from Purchaser and
provided that Seller has not exercised its right to terminate this Agreement pursuant to Section 11.7, Seller’s right to terminate this Agreement pursuant to Section 11.7 shall be deemed waived by Seller. 

11.9 Automatic Termination. This Agreement shall terminate automatically, without any further action by either
Party, if Seller, Severstal Warren and Severstal Dearborn have not entered into the Severstal Termination Agreement on or before August 31, 2009. 
 11.10 No Release of Accrued Obligations. No termination of this Agreement shall release either Party from any obligations (including those arising out of a breach of this Agreement) that may have
accrued under this Agreement prior to such termination. 
 ARTICLE XII 

MISCELLANEOUS PROVISIONS 
 12.1 Seller’s Indemnification of Purchaser for Infringement. Seller shall indemnify, defend and hold Purchaser, its Affiliates and their successors and assigns, officers, directors, employees
and agents harmless from any and all actions, causes of action, claims, demands, costs, liabilities, expenses and damages (including reasonable attorneys’ fees and costs) incurred by any of them as a result of the design, construction or
operation of the Coke Plants infringing in whole or in part any copyright, patent, trade secret, or other proprietary right held by any third party. 
 12.2 Notices. All notices, requests and demands to or upon the Parties to be effective shall be in Writing. Except for invoices, such communications shall be addressed and directed to the Parties
listed below as follows, or to such other address or recipient as either Party may designate in Writing: 

  
 27 

							
	 If to Seller to:

 
 Haverhill North Coke Company

c/o SunCoke Energy, Inc.
 Parkside Plaza
	  	 If to Purchaser to:

 
 AK Steel Corporation

9227 Centre Pointe Drive
 West Chester, OH 45069

	 11400 Parkside Drive
	  	 Attention:
	 	 General Counsel

	 Knoxville, TN 37934
	  	 Fax:
	 	 (513) 425-5607

	 Attention:
	 	 Senior Vice President and
 General Counsel
	  	 Confirm:
	 	 (513) 425-2690

	 Fax:
 Confirm:
	 	 (865) 288-5280
 (865) 288-5213
	  		 	

 12.3 Limitation of Liability; Exclusive Remedies. EXCEPT TO THE EXTENT
SELLER’S DAMAGES (AS DEFINED IN APPENDIX A) OR PURCHASER’S DAMAGES (AS SET FORTH IN SECTION 11.5 ABOVE) MAY BE CONSTRUED TO INCLUDE CONSEQUENTIAL DAMAGES, NEITHER SELLER NOR PURCHASER NOR ANY OF THEIR RESPECTIVE AFFILIATES OR ASSIGNEES
SHALL BE LIABLE, WHETHER BASED IN CONTRACT, TORT (INCLUDING NEGLIGENCE), WARRANTY, STRICT LIABILITY OR ANY OTHER LEGAL THEORY FOR ANY CONSEQUENTIAL, INCIDENTAL OR INDIRECT DAMAGES (INCLUDING DAMAGES IN RESPECT OF EXISTING OR FUTURE LOST PROFITS), OR
FOR SPECIAL, EXEMPLARY OR PUNITIVE DAMAGES OF ANY KIND IN RESPECT OF ANY BREACH(ES) OF THIS AGREEMENT OR OTHERWISE. EXCEPT WHERE THIS AGREEMENT EXPRESSLY PROVIDES FOR EQUITABLE RELIEF, THE REMEDIES OF THE PARTIES SET FORTH IN THIS AGREEMENT ARE
EXCLUSIVE. 
 12.4 Rules of Interpretation. Defined terms in this Agreement shall include in the singular
number the plural and in the plural number the singular. Unless otherwise expressly specified, any agreement, contract or document defined or referred to herein shall mean such agreement, contract or document as the same may hereafter be amended,
supplemented or otherwise modified from time to time. The words “include”, “includes”, and “including” shall not be limiting and shall be deemed in all instances to be followed by the phrase “without
limitation”. References to “days” shall mean calendar days unless otherwise indicated. The Schedules to this Agreement shall form part of this Agreement for all purposes. References herein to Articles, Sections or Schedules shall mean
such Articles, Sections or Schedules of or to this Agreement. 
 12.5 Governing Law. This Agreement shall
be governed by, and construed in accordance with, the laws of the State of Ohio without regard to its conflicts of law provisions, and the rights and remedies of the Parties hereunder will be determined in accordance with such laws. 

12.6 Severability. If any provision of this Agreement is found by a court of competent jurisdiction to be
prohibited or unenforceable, it shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability, and such prohibition or unenforceability 

  
 28 

 
shall not invalidate the balance of such provision to the extent it is not prohibited or unenforceable, nor invalidate the other provisions of this Agreement. 

12.7 Confidentiality. Each Party and its Affiliates shall keep all information provided by one Party to the other,
including this Agreement and the Related Energy Sales Agreement, and the terms thereof (including the Coke Price and charges payable pursuant to the Related Energy Sales Agreement) strictly confidential and will not disclose any such information to
any third party; provided, however, (i) Seller may disclose this Agreement to prospective investors in, and Lenders to, Seller subject to Purchaser’s approval of terms and conditions in respect of the confidentiality of such disclosure,
which approval shall not be unreasonably withheld, conditioned or delayed by Purchaser; (ii) if either Party becomes legally required (by oral questions, interrogatories, request for information or documents, orders issued by any Governmental
Authority, or any other process) to disclose such information, such Party will give prior notice to the other Party of the requirement and the terms thereof and shall cooperate with the other Party to minimize the disclosure of the information, seek
a protective order or other appropriate remedy, and if such protective order or other remedy is not obtained, then such Party will furnish only that portion of such information that it is legally required to furnish; and (iii) either Party may
disclose this Agreement and the terms hereof to the extent that such disclosure is required under the Securities Act of 1933, the Securities Exchange Act of 1934 or the rules and regulations promulgated thereunder, or by the rules of any applicable
securities exchange. Notwithstanding the foregoing, this Section 12.7 shall not apply to such information that was (x) previously known by the Party receiving such information without obligation of confidentiality, (y) in the public
domain (either prior to or after the furnishing of such documents or information hereunder) through no fault of such receiving Party, or (z) later acquired by such receiving Party, without obligation of confidentiality, from another source not
having an obligation of confidentiality to the disclosing Party. 
 12.8 Entire Agreement. This Agreement
(including Appendix A, the Schedules attached hereto and Attachment A) and the Related Energy Sales Agreement, as a single integrated transaction, constitute the entire agreement among the Parties concerning the subject matter thereof and supersede
and cancel any prior agreements, representations, warranties, or communications, whether oral or written, among the Parties regarding the transactions contemplated by, and the subject matter of, this Agreement. The provisions of this Agreement shall
not be amended, reformed, altered, or modified in any way by any practice or course of dealing prior to or during the term of this Agreement, and can only be amended, reformed, altered, or modified by a Writing signed by an authorized representative
of each of the Parties. The Parties specifically acknowledge that they have not been induced to enter into this Agreement by any representation, stipulation, warranty, agreement, or understanding of any kind other than as expressed in this Agreement
and the Related Energy Sales Agreement. 
 12.9 Survival. The obligations of the Parties pursuant to
Article IX, Sections 7.2, 11.3, 11.4, 11.5, 11.10, 12.1, 12.2, 12.3, 12.5 12.6, 12.7, 12.8, 12.9, 12.12, 12.18 and 12.19 shall survive the termination of this Agreement. 

12.10 Captions. The captions and headings in this Agreement are for convenience of reference purposes only and
have no legal force or effect. Such captions and headings shall not be considered a part of this Agreement for purposes of interpreting, construing or applying this 

  
 29 

 
Agreement and will not define, limit, extend, explain or describe the scope or extent of this Agreement or any of its terms and conditions. 

12.11 Construction of Agreement. This Agreement shall be construed as a contract of purchase and sale of goods.

 12.12 Independent Contractor. Neither Party to this Agreement is the partner, legal representative or
agent of the other, nor shall either Party have the right or authority to assume, create or incur any liability or any obligation of any kind implied, against or in the name or on behalf of the other Party. 

12.13 Waivers and Remedies. The failure of either Party to insist in any one or more instances upon strict
performance of any of the provisions of this Agreement or to take advantage of any of its rights hereunder shall not be construed as a waiver of any such provisions or the relinquishment of any such rights, but the same shall continue and remain in
full force and effect. Except as otherwise expressly limited in this Agreement, all remedies under this Agreement shall be cumulative and in addition to every other remedy provided for herein or by law. 

12.14 Assignability. No Party shall Assign any of its rights or obligations under this Agreement, including to any
Affiliate of a Party, without also assigning the Related Energy Sales Agreement, and obtaining the prior Written consent of the other Party. Such consent shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing,
Purchaser and Holding hereby consent to the granting of a security interest in and a collateral assignment by Seller of this Agreement and its rights herein to any Person that provides debt, loans, credit or credit support, acts as counterparty on
any interest rate hedging arrangements, or provides other financing, or any successor, assign or designee thereof, to Seller in connection with any financing related to the Coke Plants and/or the Cogeneration Plant (collectively, the
“Lenders”). In furtherance of the foregoing, Purchaser and Holding acknowledge that the Lenders may under certain circumstances assume the interests and rights of Seller under this Agreement; provided, that if following such assumption the
Lenders seek to sell the Coke Plants and the Cogeneration Plant and assign this Agreement to the purchaser of the Coke Plants and the Cogeneration Plant, they will not sell the Coke Plants and the Cogeneration Plant to a Person that (i) has a
greater than 50% ownership interest in one or more Steel Making Facilities in North America, or (ii) is a direct supplier of iron ore to Purchaser pursuant to a contract with a term of greater than one year pursuant to which the quantity of
iron ore sold exceeds 25% of Purchaser’s annual iron ore requirements (an “Iron Ore Supplier”). Seller shall be relieved of and released from its obligations under this Agreement from and after such assumption. 

12.15 Further Assurances. From time to time after the Effective Date and without further consideration, the
Parties shall take such other action, and execute such other documents and instruments, as either Party may reasonably request to more effectively carry out the transactions contemplated by this Agreement. 

12.16 Cooperation with Financing Efforts. Purchaser and Holding shall reasonably cooperate with Seller’s
efforts in obtaining and maintaining financing on a non-recourse (or other) basis for the Coke Plants and/or the Cogeneration Plant. Without limiting the generality 

  
 30 

 
of the foregoing, Purchaser and Holding shall: (i) execute such documents (including consent agreements and legal opinions) as Seller or the Lenders will reasonably request in view of
obtaining and maintaining such financing whereby Purchaser and/or Holding (a) certify to the Lenders that this Agreement is in full force and effect and has not been modified or amended and that there are no defaults under this Agreement by
Purchaser or Holding or, to Purchaser’s or Holding’s knowledge, by Seller (except, in each case, as specifically stated in such certification), (b) represent and warrant to the Lenders that this Agreement is enforceable against
Purchaser and Holding, (c) consent to the collateral assignment of this Agreement to the Lenders as security for the debt relating to the Coke Plants and/or the Cogeneration Plant, (d) agree to make payments to accounts as notified by
Seller from time to time, (e) agree to give the Lenders notice of and a reasonable opportunity to cure any defaults of Seller under this Agreement, and (f) clarify provisions of this Agreement as reasonably requested by the Lenders or
Seller without increasing Purchaser’s or Holding’s liability hereunder; (ii) accompany Seller on a reasonable number of presentations to potential Lenders; and (iii) provide information (including financial information and, as
requested by the Lenders from time to time, the names of all Iron Ore Suppliers) about Purchaser and Holding as the Lenders may reasonably request. Seller shall reimburse each of Purchaser and Holding for its reasonable and documented out-of-pocket
costs and expenses incurred in connection with actions taken pursuant to this Section 12.16, including reasonable fees and expenses of outside counsel retained to provide a legal opinion as contemplated by clause (i) above. 

12.17 Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Parties and their
respective successors and permitted assigns. 
 12.18 No Third Party Beneficiaries. Except as otherwise
expressly set forth herein, the terms and conditions of this Agreement are solely for the benefit of the Parties and no other Person shall have any rights hereunder. 

12.19 Mutuality of Drafting. The Parties hereby stipulate and agree that each of them fully participated and was
adequately represented by counsel in the negotiation and preparation of this Agreement and the Parties further stipulate and agree that in the event of an ambiguity or other necessity for the interpretation to be made of the context of this
Agreement, this Agreement shall not be construed in favor of or against Seller or Purchaser as a consequence of one Party having had a greater role in the preparation of this Agreement, but shall be construed as if the language were mutually drafted
by both parties will full assistance of counsel. 
 12.20 Counterparts Facsimile Signatures. This
Agreement may be executed in one or more counterparts and by the different Parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and same
instrument. Any executed counterpart may be delivered by facsimile, and when so delivered, shall be legally enforceable in accordance with its terms. Any such facsimile shall be follows by delivery, as promptly as practicable, of a non-facsimile
original. 
 12.21 No Setoff. Each payment by Purchaser or by any other Person on its behalf to Seller
pursuant to this Agreement shall be made without offset, abatement, withholding or reduction of any kind. 

  
 31 

 12.22 Audits. Seller shall, upon reasonable prior notice and no more
than once per year, allow a firm of independent certified public accountants retained by, and at the sole cost and expense of, Purchaser to review aspects of Seller’s operations at the Coke Plants solely to enable such firm to advise Purchaser
regarding the proper accounting treatment of this Agreement. 

  
 32 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by
their respective duly authorized officers as of the date first above written. 
  

									
	 HAVERHILL NORTH COKE COMPANY
	 		 	 AK STEEL CORPORATION

					
	 By:
	 	 /s/ Michael J. Thomson
	 		 	 By:
	 	 /s/ John F. Kaloski

					
	 Name:
	 	 Michael J. Thomson
	 		 	 Name:
	 	 John F. Kaloski

					
	 Title
	 	 President
	 		 	 Title:
	 	 Sr. VP - Operations

 AK Steel Holding Corporation executes this Agreement solely for the purpose of affirming its obligation
pursuant to Sections 1.5, 1.6, 10.3, 12.14 and 12.16. 
  

			
	 AK STEEL HOLDING CORPORATION

		
	 By:
	 	 /s/ John F. Kaloski

		
	 Name:
	 	 John F. Kaloski

		
	 Title:
	 	 Sr. VP - Operations

  
 33 

 APPENDIX A 
 Definitions 
 The definitions of certain capitalized terms are as follows:

 “Actual O&M Component” has the meaning set forth in Section 3.1(c)(vi). 

“Adjusted Fixed Price Component” has the meaning set forth in Section 3.1(b)(ii). 

“Affiliate” means any Enterprise that directly or indirectly controls, or is controlled by, or is under
common control with any Party. For purposes of this definition, “control” of an Enterprise means the power, directly or indirectly, either (a) to vote 50% or more of the securities having ordinary voting power for the election of
directors of such Party or Enterprise; or (b) to direct or cause the direction of the management and policies of such Party or Enterprise, whether by ownership interest, contract or otherwise. 

“Agreement” means the Coke Purchase Agreement between the Parties dated August 31, 2009 together
with all Written amendments, revisions and modifications hereof made pursuant to Section 12.8. 

“Ashland Plant” means Purchaser’s steel plant works located in Ashland, Kentucky. 

“Assign” means assigning or delegating any of the rights or obligations of the Parties to any
enterprise, or either Party selling, leasing, transferring or voluntarily disposing of all or a substantial portion of its assets. 
 “ASTM Standards” means procedures and standards adopted or approved by the American Society for Testing and Materials. 

“Bankrupt” means, with respect to any Party or its permitted assignee: 

 

	 	(a)	 applying for or consenting to the appointment of, or the taking of possession by, a receiver, custodian, trustee or liquidator of itself or of all
or a substantial part of its property; 

  

	 	(b)	 making a general assignment for the benefit of its creditors; 

 

	 	(c)	 commencing a voluntary case under any bankruptcy code, as now or hereafter in effect (“Bankruptcy Code”); 

 

	 	(d)	 filing a petition seeking to take advantage of any other law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or
readjustment of debts; 

  

	 	(e)	 taking any action for the purpose of effecting any of the foregoing; or 

 

	 	(f)	 being a defendant, respondent, alleged debtor, or otherwise having commenced against it, in any court of competent jurisdiction, a proceeding or
case under the Bankruptcy Code or a case seeking: 

 (i) its liquidation, reorganization,
dissolution or winding-up, or the composition or readjustment of its debts; 

  
 34 

	 	(ii)	 the appointment of a trustee, receiver, custodian, liquidator or the like, of such Party or Enterprise or of all or any substantial part of its
property; or 

  

	 	(iii)	 similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts; and such
proceeding or case shall continue undismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue unstayed and in effect, for a period of sixty (60) or more days; or an order for relief
against such Party or Enterprise shall be entered in a case under the Bankruptcy Code. 

“Bankruptcy Code” has the meaning set forth in the definition of “Bankrupt”. 

“Base Case Coal Blend” means a Coal Blend having a volatile matter content of ***** % and a moisture
content of ***** %. 
 “Breeze” means ***** ( ***** ). 

“Breeze Delivery Point” means the delivery point in respect of Breeze reasonably designated by Seller
adjacent to the Breeze storage area located within the Coke Plants. 
 “Business Day” means any
day except Saturday, Sunday and any day which shall be in Cincinnati, Ohio a legal holiday or a day on which banking institutions are authorized or required by law or other government action to close. 

“By-Products” means all output of the Coke Plants excluding Coke, but specifically including waste heat,
steam and electrical energy. 
 “Coal(s)” means metallurgical coking coals that are reliable
and readily available for use in any actual or proposed Coal Blend. 
 “Coal Blend” means each
coal blend selected by the Coal Committee and, as applicable, any coal blend selected by Seller pursuant to Section 4.3. 
 “Coal Blend Standards” means the standards for selecting the Coal Blends. Those standards require that each Coal Blend consists of (i) not more than ***** ( ***** ) Coals;
(ii) Coals having a minimum FSI of ***** ; (iii) actually produce Coke that will reasonably conform to the “mean” Coke Quality Standards set forth in Schedule 5.1 or any successor standards; (iv) have a volatile matter
component of not less than ***** % and not more than ***** %; (v) allow for safe, reliable and efficient operation of the Coke Plants; and (vi) allow for the operation of the Coke Plants in accordance with Governmental Requirements.

 “Coal Committee” means the committee comprised of one (1) representative of Purchaser
and one (1) representative of Seller that selects, subject to Section 4.1, each Coal Blend for use in the production of Coke as particularly described in Section 4.1. 

“Coal Costs” has the meaning set forth in Section 3.1(d)(i). 

“Coal Cost Component” has the meaning set forth in Section 3.1(d)(ii). 

  
 35 

 “Coal Handling Losses” means losses associated with the
storage and handling of the Coals, and are accounted for in the manner set forth in Section 3.1(d)(iv). 

“Cogeneration Plant” has the meaning set forth in Section 1.2(b). 

“Coke” means blast furnace coke that is produced at the Coke Plants (approximately ***** with up to
***** % minus ***** material). Coke does not include any Breeze or any By-Products. 
 “Coke
Plants” means collectively to the Phase I Plant and Phase II Plant as defined in Section 1.2. 

“Coke Price” has the meaning set forth in Section 3.1(a). 

“Coke Price Discount” has the meaning set forth in Section 5.1(b)(iii). 

“Coke Production Shortfall” has the meaning set forth in Section 6.4. 

“Coke Purchase Shortfall” means the sum of the Monthly Coke Purchase Shortfall amounts during the
relevant Production Turndown Period. 
 “Coke Quality Standards” means the guaranteed quality
parameters for Coke set forth in Schedule 5.1, and as such Schedule is amended in accordance with Section 5.1(c). 
 “Coke Rail Delivery Point” means the rail car(s) arranged by Purchaser to receive Coke deliveries at the rail yard located at the Site. 

“Coke Supply Obligation” has the meaning set forth in Section 6.2(a). 

“Coke Supply and Purchase Obligation” has the meaning set forth in Section 6.2. 

“Committed Coal” has the meaning set forth in Section 4.1. 

“Contract Year” means each respective calendar year transpiring during the Term commencing
January 1, 2010. 
 “Dispute” has the meaning set forth in Section 9.1. 

“Due Date” has the meaning set forth in Section 3.3(d). 

“Effective Date” has the meaning set forth in the introductory paragraph to this Agreement. 

“Equitable Relief” means, in the context of the exercise or prosecution of claims or causes of actions,
any claim or cause of action for immediate relief (such as a Seller’s remedies to stop goods in transit, withhold or refuse delivery, reclaim or replevy goods and resell goods), or in respect of equitable relief (such as temporary and permanent
injunctive relief, and specific performance). 

  
 36 

 “Fixed Price Component” has the meaning set forth in
Section 3.1(b)(i). 
 “Forecast” has the meaning set forth in Section 3.1(c)(ii).

 “Forecasted O&M Component” has the meaning set forth in Section 3.1(c)(v).

 “Government Mandated Additional Capital Expenditures” means capital expenditures affecting
the Coke Plants for which an equally reliable and safe non-capital expenditure alternative that by itself is not reasonably available and economically feasible and which are required due to changes in Governmental Requirements made after the date of
this Agreement (or with respect to compliance standards not reasonably ascertainable as of the date of this Agreement). 
 “Government Mandated Additional Expenses” means the actual operating or maintenance expenses affecting the Coke Plants, as well as all economic impacts other than those that require
additional capital, which are required due to changes in Governmental Requirements made after the date of this Agreement (or with respect to compliance standards not reasonably ascertainable as of the date of this Agreement) including consideration
paid by Seller for emission offsets or credits in respect of greenhouse gases (including carbon dioxide). 

“Government Mandated Additional Expenditures” means, collectively, Government Mandated Additional
Capital Expenditures and Government Mandated Additional Expenses. 
 “Governmental
Authority(ies)” means any federal, state or local government, and political subdivision(s) thereof, and any entity(ies) exercising executive, legislative, judicial, regulatory or administrative functions having or pertaining to government.

 “Governmental Requirements” means any applicable law, regulation and regulatory order (and
any official interpretations thereof) of any Governmental Authority in respect of the operation of the Coke Plants, including any such law, regulation or regulatory order relating to environmental compliance by Seller with respect to the operation
of the Coke Plants. 
 “Guaranteed Coke Yield Percentage” has the meaning set forth in
Section 3.1(d)(vi). 
 “Guidelines” has the meaning set forth in Section 3.1(c)(iii).

 “Holding” has the meaning set forth in Section 1.5. 

“Incidental Damages” means incidental damages allowed under Ohio Revised Code Section 1302.84, or
as allowed pursuant to any amendment or re-codification thereof. Such damages specifically include commercially reasonable storage and re-screening costs, and degradation and handling losses, incurred by Seller in connection with stockpiling of Coke
or Third Party Coke. 
 “Indenture” means the “Indenture” dated as of June 11,
2002 by and among Purchaser, Holding, Douglass Dynamics, L.L.C. and Fifth Third Bank, including (as applicable) any amendment(s) thereto or extension(s) thereof. 

  
 37 

 “Index Formula” means the percentage increase or, as
applicable, decrease in the Employment Cost Index – Union Manufacturing (Series Id: CIU2013000000510I (B)) published by the United States Department of Labor, Bureau of Labor Statistics, or any inflation index that succeeds or replaces it for
the twelve (12) most recent months of available data preceding the commencement of the applicable Contract Year. 
 “Interest Rate” means an interest rate equal to ***** % above the rate announced by JPMorgan Chase Bank, N.A. as its prime rate at the date of accrual of the late payment (provided that
the prime rate may not be the lowest rate of interest charged by JPMorgan Chase Bank, N.A. to its customers) or at the highest interest rate permitted by applicable law, whichever interest rate is lower. 

“Iron Ore Supplier” has the meaning set forth in Section 12.14. 

“Lenders” has the meaning set forth in Section 12.14. 

“Lost Energy Charge” has the meaning set forth on Schedule A-1. 

“Manifest Error” means an arithmetical error. 

“Middletown Plant” means Purchaser’s steel plant works located in Middletown, Ohio. 

“Minimum Ratability Standard” has the meaning set forth in Section 6.2(c). 

“Mitigation Proceeds” means: 

In respect of Coke sales, any (positive) difference between: 

(i) The sum of the sales proceeds arising from third party Coke sales plus any costs and expenses saved by Seller in
connection therewith, minus 
 (ii) The sum of (i) the product of the (y) Coke Price multiplied by
(z) the Coke Tonnage that is sold to such third parties, plus (ii) any other Incidental Damages incurred by Seller. 
 “Moisture Adjusted Coal Blend Tonnage” has the meaning set forth in Section 3.1(d)(iii). 
 “Month(s)” or “Monthly”, as applicable, refers to each calendar Month, beginning at 12:00 midnight on the last day of the preceding Month and ending at 12:00 midnight on
the last day of such calendar Month, transpiring in whole or in part during the Term. 
 “Monthly Coke
Purchase Shortfall” means, for any Month during any Production Turndown Period, the difference between (a) forty-five thousand eight hundred thirty-three (45,833) Tons of Coke, and (b) the actual amount of Coke purchased by
Purchaser during such Month. 
 “Nonconforming Coke” means Coke that exceeds or, as applicable,
is less than the “reject” limits set forth in Schedule 5.1. 

  
 38 

 “O&M Expenses” means (i) all costs, expenses and
fees incurred by Seller in respect of operating and maintaining the Coke Plants and the Cogeneration Plant, and in complying with the Coke delivery and supply obligations of Seller under this Agreement (excluding extraordinary costs related to
actions or inactions of any purchaser of Coke produced by the Phase I Plant), all of which shall be consistent with accounting principles generally accepted in the United States of America, plus (ii) all Taxes in respect of all such costs,
expenses and fees, plus (iii) property taxes in respect of the Coke Plants and the Cogeneration Plant; provided, however, O&M Expenses include in any event Government Mandated Additional Expenses except where (subject to
Section 7.1(c)), such Government Mandated Additional Expenses are inclusive of fines or penalties in respect of violations of Governmental Requirements (including fines or penalties in respect of violations of Governmental Requirements
pertaining to the environment, and employee health and safety). 
 “Other Realized Value” has
the meaning set forth in Section 3.2(c). 
 “Parties” means Purchaser and the Seller.

 “Party” means either Purchaser or Seller, depending upon the context in which the term is
used. 
 “Payment Default” means any failure by Purchaser to pay Seller in accordance with
Article III (including the payments in respect of the Coke Price and the adjustments thereto), Section 9.2(c), or Article VII. 
 “Person” means any individual, corporation, limited liability company, association, partnership, joint venture, trust or other enterprise or unincorporated organization or any
Governmental Authority. 
 “Per Ton Fuel Surcharge” means the product of (i) the
fuel surcharge set forth on Attachment A payable by Seller under transportation contract C-9381 between Norfolk Southern Railway Company and Seller for Coal delivered to the Coke Plants, and (ii) ***** which represents an estimated *****
% coal to coke yield. 
 “Per Ton Railroad Rate Index Charge” means the product of (i) any
increase or decrease to the per Ton transportation rates in the transportation contract C-9381 between Norfolk Southern Railway Company and Seller for Coal delivered to the Coke Plants, and (ii) ***** , which represents an estimated ***** %
coal to coke yield. The “Base Rates”, as such term is defined in the transportation contract C-9381, are adjusted biannually by ***** % of the cumulative percentage change in the AAR’s “All-Inclusive AAR Index Less Fuel
Adjustment Factor” as approved by the Surface Transportation Board, but cannot be adjusted to below the “Base Rates”. 
 “Phase I Plant” has the meaning set forth in Section 1.2(a). 
 “Phase II Plant” has the meaning set forth in Section 1.2(a). 
 “Presumed O&M Expenses” has the meaning set forth in Section 3.1(c)(iv). 

  
 39 

 “Production Capacity Liability Limitation” has the meaning
set forth in Section 6.4. 
 “Production Turndown” means any reduction in the
purchase of Coke in an amount of up to ***** ( ***** ) Tons of Coke per month, which may not exceed twelve (12) consecutive Months and which Seller shall make commercially reasonable efforts to achieve if requested by Purchaser, provided that
any reduction in an amount greater than ***** ( ***** ) Tons of Coke per month shall be subject to operational and technical limitations at the Coke Plants, in each case as determined in Seller’s sole discretion. 

“Production Turndown Adjustment Fee” has the meaning set forth in Section 3.4. 

“Production Turndown Conditions” means each of the following conditions that must be satisfied for
Seller to nominate a Production Turndown: (i) Purchaser has experienced a sustained decrease in demand for steel that results in a significant decrease in blast furnace production at its steel plants, including temporary idling of one or more
of the blast furnaces at its steel plants, (ii) Purchaser has not procured other coke or, in the case of its blast furnace #3 at the Middletown Plant, injected pulverized coal, as a replacement or substitute for purchased Coke Tonnage under
this Agreement, (iii) Purchaser has turned down production at all coke facilities owned or leased by Purchaser or its Affiliates by at least ***** %, (iv) Purchaser has exercised commercially reasonable efforts to suspended all purchases
of coke from other Persons under existing contracts, and (v) prior Coal supply obligations committed or agreed to by the Coal Committee will not adversely affect Seller in connection with the Production Turndown. 

“Production Turndown Increase” has the meaning set forth in Section 6.6(c). 

“Production Turndown Increase Notice” has the meaning set forth in Section 6.6(c). 

“Production Turndown Notice” has the meaning set forth in Section 6.6(b). 

“Production Turndown Period” means any period during which a Production Turndown is in effect.

 “Prudent Operating and Maintenance Practices” means the practices, methods, standards and
procedures generally accepted and followed by a prudent, diligent, skilled and experienced manager and operator acting in accordance with standards generally utilized in the United States, with respect to the management, operation and maintenance of
manufacturing facilities having similar characteristics to the Coke Plants which, at the particular time in question, in the exercise of reasonable judgment and in light of facts then known or that reasonably should have been known at the time a
decision was made, would be expected to accomplish the desired results and goals, including such goals as efficiency, reliability, economy and profitability, in a manner consistent with Governmental Requirements. 

“Purchaser” has the meaning set forth in the introductory paragraph to this Agreement. 

“Purchaser’s Damages” has the meaning set forth in Section 11.5. 

“Purchaser Default” has the meaning set forth in Section 11.1. 

  
 40 

 “Purchaser Force Majeure Event(s)” has the meaning set
forth in Section 8.2. 
 “Purchaser Obtained Coke” means coke obtained by Purchaser, which
is (i) nominally sized between ***** , (ii) in respect of any shortfall in Seller’s delivery of Coke relative to the product of the minimum range of the Coke Supply and Purchase Obligation and (iii) not otherwise covered by
Seller through its supply of Third Party Supplied Coke to Purchaser. 
 “Railroad Deficit
Charge” means, during any Production Turndown Period, any “Deficit Charge”, as such term is defined in the transportation contract C-9381 between Norfolk Southern Railway Company and Seller for Coal delivered to the Coke Plants,
or any similar charge payable pursuant to any substitute or replacement railroad transportation contract. 
 “Recomputed Section 45 Credit Amount” has the meaning set forth in Section 3.2(f). 
 “Related Energy Sales Agreement” has the meaning set forth in the introductory paragraph to this Agreement. 

“Rules” has the meaning set forth in Section 9.2(a). 

“Section 45 Credits” has the meaning set forth in Section 3.2(a). 

“Section(s)” are the sections and subsections of the Articles contained in this Agreement. 

“Seller” has the meaning set forth in the introductory paragraph to this Agreement. 

“Seller Default” has the meaning set forth in Section 11.2. 

“Seller Force Majeure Event(s)” has the meaning set forth in Section 8.1. 

“Seller’s Damages” include, subject to Seller’s Mitigation Proceeds, (i) any amounts due
by Purchaser to Seller under this Agreement as of the effective date of termination; (ii) the present value, discounted at the rate of ***** %, of (w) the product of (A) the Fixed Price Component multiplied by (B) the Targeted
Coke Production in respect of the Base Coal Blend for each complete or partial Contract Year remaining in the Term (provided, for such Contract Years having less than 365 days, the foregoing amount is to be multiplied by a fraction, the
numerator of which is the number of days in such Contract Year, and the denominator of which is 365); and (iii) the balance of all of the remaining Government Mandated Additional Capital Expenditures that would be payable by Purchaser as of the
date of termination but for such termination. 
 “Seller’s Reasonable Assurance
Obligations” has the meaning set forth in Section 6.4. 
 “Severstal Dearborn”
has the meaning set forth in Section 2.1(b). 
 “Severstal Termination Agreement” has the
meaning set forth in Section 2.1(b). 
 “Severstal Warren” has the meaning set forth in
Section 2.1(b). 

  
 41 

 “Shipment” means the delivery of (a) a full
trainload of Coke to Purchaser at the Coke Rail Delivery Point, or (b) any Third Party Supplied Coke to Purchaser at the Middletown Plant or the Ashland Plant. 

“Site” has the meaning set forth in Section 1.2(a). 

“Steel Making Facilities” means steel making facilities that utilize a blast furnace and basic oxygen
furnace or electric arc furnace for the production of iron and raw steel. 
 “Stored Coke” has
the meaning set forth in Section 6.3(b). 
 “SunCoke” means SunCoke Energy, Inc., a
Delaware corporation. 
 “Sunoco” means Sunoco, Inc., a Delaware corporation, an Affiliate of
Seller. 
 “Sunoco Realized Value” has the meaning set forth in Section 3.2(b).

 “Targeted Coke Production” means the Coke Tonnage in respect of the applicable volatile
matter content percentage set forth in the attached and incorporated Schedule 6.2(a) for the applicable Contract Year. 
 “Taxes” means any tax imposed by any Governmental Authority in the form of sales, use, excise, value added, environmental, gross receipts or franchise tax (except for property taxes
related to the Coke Plants or taxes based on or measured by the net income or net worth of Seller), state and local product tax, state and local inspection fees, any taxes or assessments in respect of greenhouse gases (including carbon dioxide), or
similar taxes, assessments, or fees. If the purchase of any Coke by Purchaser is exempt from sales or use tax, then Purchaser shall furnish Seller with a valid exemption certificate in form and content reasonably acceptable to Seller. In the event
any exemption is subsequently denied by any Governmental Authority, and as a result Seller is assessed for such sales or use tax, then Purchaser shall reimburse Seller for such Taxes including all interest and penalties associated therewith.

 “Term” has the meaning set forth in Section 2.1(a). 

“Third Party Investor(s)” has the meaning set forth in Section 3.2(c). 

“Third Party Supplied Coke” means coke, which is nominally sized between ***** and which is obtained
from sources other than Seller, including Seller’s Affiliates. 
 “Ton” or
“Tonnage” means a “short” ton of two thousand (2,000) pounds of Coal or Coke, as the case may be. 
 “Week” or “Weekly” refers to a calendar week beginning at 12:00 midnight on the Sunday and ending at 11:59 p.m. on the Saturday of the same week, and transpiring in whole
or in part during the Term. 

  
 42 

 “Weighted Average” means an average that takes into account
the proportional relevance of, as applicable, the moisture content or cost of each Coal comprising each particular Coal Blend, rather than treating each such component equally. 

“Written” or “in Writing” means any form of written communication or a communication by
means of e-mail, telex, telecopier device, telegraph or cable, overnight courier, or registered or certified mail (postage prepaid and return receipt requested), and shall be deemed to have been duly given or made upon receipt, or in the case of any
electronic transmission, when confirmation of receipt is obtained. 

  
 43 

 Schedule 1.4 
 Guarantee of Seller’s Obligations 
 GUARANTY 

THIS GUARANTY, dated as of [Insert] (“Guaranty”), is made by SunCoke Energy, Inc., a Delaware
corporation and Sun Coal & Coke Company, a Delaware corporation (collectively, “Guarantors”), for the benefit of AK Steel Corporation, a Delaware corporation (“AK”). 

Recitals 
 A. This Guaranty is made pursuant to the Coke Purchase Agreement entered into on the date hereof by and between AK and Haverhill North Coke Company, a Delaware corporation (“Seller”) (“Coke
Purchase Agreement”). 
 B. This Guaranty is made for the benefit of AK to guarantee the performance by
Seller of its obligations under the Coke Purchase Agreement (the obligations referred to herein are collectively the “Guaranteed Obligations”). 
 C. It is a condition to AK entering into the Coke Purchase Agreement that Guarantors shall have executed and delivered this Guaranty. 

D. Guarantors will obtain benefits from Seller entering into the Coke Purchase Agreement and, accordingly, desire to
execute this Guaranty in order to satisfy the conditions described in the preceding paragraph and to induce AK to enter into the Coke Purchase Agreement. 
 Agreements 
 NOW, THEREFORE, in consideration of the
foregoing and other benefits accruing to Guarantors, the receipt and sufficiency of which are hereby acknowledged, Guarantors hereby make the following representations and warranties to AK and hereby covenant to AK as follows: 

1. Guarantors guarantee to AK the full performance of all Guaranteed Obligations. Guarantors understand, agree and
confirm that AK may enforce this Guaranty against Guarantors without first proceeding against Seller. 
 2. The
liability of Guarantors hereunder shall not be affected or impaired by (a) any other continuing or other guaranty, undertaking or maximum liability of Guarantors or of any other person as to the obligations and performance of Seller;
(b) any reduction of any such other guaranty or undertaking; (c) any dissolution, termination or increase, decrease or change in personnel by Seller; (d) any payment made to AK in respect of the Guaranteed Obligations which AK repays
to Seller pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or other debtor relief proceeding, and Guarantors waive any right to the deferral or modification of their obligations hereunder by reason of any such
proceeding; (e) any assignment by Seller of any of its rights under the Coke Purchase Agreement; or (f) the sale, transfer or other disposition by Guarantors of any or all of the share capital of Seller; provided, notwithstanding
any other provision in this Guaranty, no action shall commence against Guarantors unless and until written notice of default is first made upon Seller and Guarantors pursuant to the requirements set forth in the Coke Purchase Agreement and Seller or
Guarantors fail to cure such default within the applicable cure period set forth in the Coke Purchase Agreement. 
 3. Other than the notice required to be given to Guarantors as specified in Section 2 of this Guaranty, Guarantors hereby waive notice of acceptance of this Guaranty and notice of any liability to
which it may apply, and waive promptness, diligence, presentment, demand of 

  
 44 

 
payment, protest, notice of dishonor or nonpayment of any such liabilities, suit or taking of other action by AK against Guarantors. 

4. AK may at any time and from time to time without the consent of or notice to Guarantors, without incurring
responsibility to Guarantors, without impairing or releasing the obligations of Guarantors hereunder upon or without any terms or conditions and in whole or in part: 

(a) exercise or refrain from exercising any rights against Seller or otherwise act or refrain from acting;

 (b) settle or compromise any of the Guaranteed Obligations or any liability (including any of
those hereunder) incurred directly or indirectly in respect thereof or hereof; and/or 
 (c)
consent to or waive any breach of, or any act, omission or default under, the Coke Purchase Agreement, or otherwise amend, modify or supplement the Coke Purchase Agreement. 

5. No invalidity, irregularity or unenforceability of all or any part of the Guaranteed Obligations shall affect, impair
or be a defense to this Guaranty, and this Guaranty shall be primary, absolute and unconditional notwithstanding the occurrence of any event or the existence of any other circumstances which might constitute a legal or equitable discharge of a
surety or guarantor except payment in full of the Guaranteed Obligations. 
 6. This Guaranty is a continuing
one and all liabilities to which it applies or may apply under the terms hereof shall be conclusively presumed to have been created in reliance hereon. No failure or delay on the part of AK in exercising any right, power or privilege hereunder shall
operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein
expressly specified are cumulative and not exclusive of any rights or remedies which AK would otherwise have. Other than the notice required to be given to Guarantors as specified in Section 2 of this Guaranty, no notice to or demand on
Guarantors in any case shall entitle Guarantors to any other further notice or demand in similar or other circumstances or constitute a waiver of the rights of AK to any other or further action in any circumstances without notice or demand. It is
not necessary for AK to inquire into the capacity or powers of Seller or the officers, directors, or agents acting or purporting to act on its behalf, and any indebtedness made or created in reliance upon the professed exercise of such powers shall
be guaranteed hereunder. 
 7. Guarantors waive, to the maximum extent permitted by applicable law, any right to
require AK to (a) proceed against Seller or (as applicable) any other person; or (b) pursue any other of its remedies. 
 8. Guarantors assume all responsibility for being and keeping themselves informed of Seller’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment or
nonperformance of the Guaranteed Obligations and the nature, scope and extent of the risks which Guarantors assume and incur hereunder, and agree that AK shall have no duty to advise Guarantors of information known to them regarding such
circumstances or risks. 
 9. If and to the extent that Guarantors make any payment or performance to AK
pursuant to or in respect of this Guaranty, then any claim which Guarantors may have against Seller by reason thereof shall be subject and subordinate to the prior payment and performance in full of the Guaranteed Obligations to AK. 

10. Guarantors hereby agree to pay all reasonable out-of-pocket costs and expenses of AK (including, without limitation,
the reasonable fees and disbursements of counsel employed 

  
 45 

 
by AK) in connection with the enforcement of this Guaranty and any amendment, waiver or consent relating hereto against Guarantors. 

11. This Guaranty shall be binding upon Guarantors and their successors and assigns, and shall inure to the benefit of AK
and its successors and assigns. 
 12. Neither this Guaranty nor any provision hereof may be changed, waived,
discharged or terminated except with the written consent of AK and Guarantors. 
 13. Guarantors acknowledge
that an executed (or conformed) copy of the Coke Purchase Agreement has been made available to their principal executive officers and such officers are familiar with the contents thereof. 

14. All notices requests, demands or other communications pursuant hereto shall be made in writing (including
telegraphic, telex, facsimile transmission or cable communication) and mailed, telegraphed, telexed, transmitted, cabled or delivered to the following addresses (or to such other addresses as designated by Guarantors or AK): 

 

			
	 If to Guarantors:
	  	 SunCoke Energy, Inc.

		  	 Parkside Plaza

		  	 11400 Parkside Drive

		  	 Knoxville, TN, 37934

		  	 Attention: Vice President and General Counsel

		  	 Fax: (865) 288-5280

		  	 Confirm: (865) 258-5213

		
	 If to AK:
	  	 AK Steel Corporation

		  	 9227 Centre Pointe Drive

		  	 West Chester, OH 45069

		  	 Attention:

		  	 General Counsel

		  	 Fax: (513) 425 -5607

		  	 Confirm: (513) 425-2690

 All such notices and communication shall be mailed, telegraphed, telexed, facsimile transmitted, or
cabled or sent by overnight courier, and shall be effective when received. 
 15. This Guaranty and the rights
and obligations of AK and of Guarantors shall be governed by and construed in accordance with the law of the State of Ohio. 
 16. This Guaranty may be executed in one or more counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of
which shall together constitute one and the same instrument. 

  
 46 

 IN WITNESS WHEREOF, Guarantors have caused this Guaranty to be executed and
delivered as of the date first above written. 
  

			
	 SunCoke Energy, Inc.

		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	  

	
	 Sun Coal & Coke Company

		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	  

  
 47 

 Schedule 1.5 
 Guarantee of Purchaser’s Obligations 
 GUARANTY 

THIS GUARANTY, dated as of [insert] (“Guaranty”), is made by AK Steel Holding Corporation, a
Delaware corporation (“Guarantor”), for the benefit of Haverhill North Coke Company, a Delaware corporation (“Seller”). 
 Recitals 
 A. This Guaranty is made pursuant to the
Coke Purchase Agreement dated as of August 31, 2009 by and between Seller and AK Steel Corporation, a Delaware corporation (“AKS”) (“Coke Purchase Agreement”). 

B. This Guaranty is made for the benefit of Seller to guarantee the performance by AKS of its obligations under the Coke
Purchase Agreement (the obligations referred to herein are collectively the “Guaranteed Obligations”). 
 C. It is a condition of Seller entering into the Coke Purchase Agreement that Guarantor shall have executed and delivered this Guaranty upon the occurrence of the events set forth in Section 1.5 or
as otherwise set forth in Section 1.6 of the Coke Purchase Agreement. 
 D. Guarantor will obtain benefits
from AKS entering into the Coke Purchase Agreement and, accordingly, desires to execute this Guaranty in order to satisfy the conditions described in the preceding paragraph and to induce Seller to enter into the Coke Purchase Agreement. 

Agreements 
 NOW, THEREFORE, in consideration of the foregoing and other benefits accruing to Guarantor, the receipt and sufficiency of which are hereby acknowledged, Guarantor hereby makes the following
representations and warranties to Seller and hereby covenants to Seller as follows: 
 1. Guarantor guarantees
to Seller the full performance of all Guaranteed Obligations. Guarantor understands, agrees and confirms that Seller may enforce this Guaranty against Guarantors without first proceeding against AKS. 

2. The liability of Guarantor hereunder shall not be affected or impaired by (a) any other continuing or other
guaranty, undertaking or maximum liability of Guarantor or of any other person as to the obligations and performance of AKS; (b) any reduction of any such other guaranty or undertaking; (c) any dissolution, termination or increase,
decrease or change in personnel by AKS; (d) any payment made to Seller in respect of the Guaranteed Obligations which Seller repays to AKS pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or other debtor relief
proceeding, and Guarantor waives any right to the deferral or modification of their obligations hereunder by reason of any such proceeding; (e) any assignment by AKS of any of its rights under the Coke Purchase Agreement; or (f) the sale,
transfer or other disposition by Guarantor of any or all of the share capital of AKS; provided, notwithstanding any other provision in this Guaranty, no action shall commence against Guarantor unless and until written notice of default is
first made upon AKS and Guarantor pursuant to the requirements set forth in the Coke Purchase Agreement and AKS or Guarantor fails to cure such default within the applicable cure period set forth in the Coke Purchase Agreement. 

  
 48 

 3. Other than the notice required to be given to Guarantor as specified in
Section 2 of this Guaranty, Guarantor hereby waives notice of acceptance of this Guaranty and notice of any liability to which it may apply, and waives promptness, diligence, presentment, demand of payment, protest, notice of dishonor or
nonpayment of any such liabilities, suit or taking of other action by Seller against Guarantor. 
 4. Seller may
at any time and from time to time without the consent of or notice to Guarantor, without incurring responsibility to Guarantor, without impairing or releasing the obligations of Guarantor hereunder upon or without any terms or conditions and in
whole or in part: 
 (a) exercise or refrain from exercising any rights against AKS or otherwise
act or refrain from acting; 
 (b) settle or compromise any of the Guaranteed Obligations or any
liability (including any of those hereunder) incurred directly or indirectly in respect thereof or hereof; and/or 
 (c) consent to or waive any breach of, or any act, omission or default under, the Coke Purchase Agreement, or otherwise amend, modify or supplement the Coke Purchase Agreement. 

5. No invalidity, irregularity or unenforceability of all or any part of the Guaranteed Obligations shall affect, impair
or be a defense to this Guaranty, and this Guaranty shall be primary, absolute and unconditional notwithstanding the occurrence of any event or the existence of any other circumstances which might constitute a legal or equitable discharge of a
surety or guarantor except payment in full of the Guaranteed Obligations. 
 6. This Guaranty is a continuing
one and all liabilities to which it applies or may apply under the terms hereof shall be conclusively presumed to have been created in reliance hereon. No failure or delay on the part of Seller in exercising any right, power or privilege hereunder
shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies
herein expressly specified are cumulative and not exclusive of any rights or remedies which Seller would otherwise have. Other than the notice required to be given to Guarantor as specified in Section 2 of this Guaranty, no notice to or demand
on Guarantor in any case shall entitle Guarantor to any other further notice or demand in similar or other circumstances or constitute a waiver of the rights of Seller to any other or further action in any circumstances without notice or demand. It
is not necessary for Seller to inquire into the capacity or powers of AKS or the officers, directors, or agents acting or purporting to act on its behalf, and any indebtedness made or created in reliance upon the professed exercise of such powers
shall be guaranteed hereunder. 
 7. Guarantor waives, to the maximum extent permitted by applicable law, any
right to require Seller to (a) proceed against AKS or (as applicable) any other person; or (b) pursue any other of its remedies. 
 8. Guarantor assumes all responsibility for being and keeping itself informed of AKS’ financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment or
nonperformance of the Guaranteed Obligations and the nature, scope and extent of the risks which Guarantor assumes and incurs hereunder, and agrees that Seller shall have no duty to advise Guarantor of information known to it regarding such
circumstances or risks. 
 9. If and to the extent that Guarantor makes any payment or performance to Seller
pursuant to or in respect of this Guaranty, then any claim which Guarantor may have against 

  
 49 

 
AKS by reason thereof shall be subject and subordinate to the prior payment and performance in full of the Guaranteed Obligations to Seller. 

10. Guarantor hereby agrees to pay all reasonable out-of-pocket costs and expenses of Seller (including, without
limitation, the reasonable fees and disbursements of counsel employed by Seller) in connection with the enforcement of this Guaranty and any amendment, waiver or consent relating hereto against Guarantor. 

11. This Guaranty shall be binding upon Guarantor and its successors and assigns, and shall inure to the benefit of
Seller and its successors and assigns. 
 12. Neither this Guaranty nor any provision hereof may be changed,
waived, discharged or terminated except with the written consent of Seller and Guarantor. 
 13. Guarantor
acknowledges that an executed (or conformed) copy of the Coke Purchase Agreement has been made available to its principal executive officers and such officers are familiar with the contents thereof. 

14. All notices requests, demands or other communications pursuant hereto shall be made in writing (including
telegraphic, telex, facsimile transmission or cable communication) and mailed, telegraphed, telexed, transmitted, cabled or delivered to the following addresses (or to such other addresses as designated by Guarantor or Seller): 

 

			
	 If to Guarantor:
	  	 AK Steel Holding Corporation

		  	 9227 Centre Pointe Drive

		  	 West Chester, OH 45069

		  	 Attention:

		  	 General Counsel

		  	 Fax: (513) 425-5607

		  	 Confirm: (513) 425-2690

		
	 If to Seller:
	  	 Haverhill North Coke Company

		  	 c/o SunCoke Energy, Inc.

		  	 Parkside Plaza

		  	 11400 Parkside Drive

		  	 Knoxville, TN, 37934

		  	 Attention: Vice President and General Counsel

		  	 FAX: (865) 288-5280

		  	 Confirm: (865) 258-5213

 All such notices and communication shall be mailed, telegraphed, telexed, facsimile transmitted, or
cabled or sent by overnight courier, and shall be effective when received. 
 15. This Guaranty and the rights
and obligations of Seller and of Guarantor shall be governed by and construed in accordance with the law of the State of Ohio. 
 16. This Guaranty may be executed in one or more counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of
which shall together constitute one and the same instrument. 

  
 50 

 IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be executed and delivered as of the date first
above written. 
  

			
	 AK Steel Holding Corporation

		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	  

  
 51 

 Schedule 4.1 
 Committed Coal Specifications 
 Provisional Committed Coal *** 

 

													
	 Supplier
	  	Seams	  	 Coal Grade
	  	Provisional
2011
Tons**	  	Provisional
2011 $/Ton
FOB Mine	 	  	 
	 Clintwood Elkhorn Mining Company
	  	*****	  	*****	  	*****	  	$	*****	  	  	
	 Clintwood Elkhorn Mining Company
	  	*****	  	*****	  	*****	  	$	*****	  	  	*
	 United Coal Company
	  	*****	  	*****	  	*****	  	$	*****	  	  	
	 United Coal Company
	  	*****	  	*****	  	*****	  	$	*****	  	  	
						
		  		  	Total/Average	  	*****	  	$	*****	  	  	

 Notes: 
  

	*	 Price is the higher of (i) $ ***** or (ii) the prevailing market price for similar coals to be established in the 4th quarter of 2010
through submission of Seller and Seller-affiliate coal transactions for 2011. 

	**	 Provisional committed Tons may be higher or lower depending on Tons taken in 2010 by Seller. 

	***	 The provisional committed coal terms set forth above are currently under renegotiation. 

  
 52 

 Schedule 5.1 
 Coke Quality Standards 
  

											
	 Categories
	  	Target	 	Threshold
Frequency	  	Threshold for
Quality
Adjustment	 	 Coke Price Adjustment

(Pro-Rata)
	  	Reject
Standard
	 Ash (Dry basis)
	  	***** % ***** (
***** % ***** %
***** % ***** )	 	Shipment	  	***** %	 	 $ ***** /ton for each ***** % over Threshold
	  	***** %
	 Volatile Matter (Dry Basis)
	  	***** %	 	Shipment	  	***** %	 	 $ ***** /ton for each ***** % ***** over Threshold
	  	***** %
	 Total Sulfur (Dry Basis)
	  	***** % x
*****	 	Shipment	  	***** + *****
%	 	 $ ***** /ton for each ***** % ***** over Threshold
	  	***** %
	 Stability
	  	*****	 	Shipment	  	*****	 	 $ ***** /ton per ***** (under)/over Threshold
	  	*****
	 Total Moisture
	  	***** %	 	Shipment	  	***** %
***** %	 	 $ ***** /ton for each ***** % (under)/over Threshold
	  	***** %
	 Size: Minus
 3/4”
	  	***** %	 	Shipment	  	***** %	 	 $ ***** for each ***** % ***** over Threshold
	  	***** %

 These quality standards and price adjustments are for use on Coke with a minimum bottom coke size of
***** ”. 
 Ash and Total Sulfur Shipment Standards – Each of the Shipment Coke quality standards (Target,
Quality Threshold and Reject Standard) for ash and sulfur will be established based upon the test results of the daily sample(s) of the corresponding coal charged to the ovens. The Shipment Coke ash standard will be derived from the ash content of
the coal charged, adjusted for the expected coke yield formula ( ***** % minus the volatile matter content of the coal charged minus the expected ***** % burn loss). By way of example, if the Shipment coal sample(s) result in an average ash content
of ***** % ***** and an average volatile matter content of ***** %, then the Shipment standards for ash are: (Target = ***** %, Quality Threshold = ***** % ***** and Reject Standard = ***** %). The Shipment sulfur standards will be derived from the
sulfur content of the coal charged, adjusted for the expected coke retention factor of *****. By way of example, if the Shipment coal sample(s) result in an average sulfur content of ***** %, then the Shipment standards for sulfur are: (Target =
***** %, Quality Threshold = ***** % ***** and Reject Standard = ***** %). 
 Stability Penalty and Credit – For
each one (1) point variation in respect of Coke Tonnage that contains less than ***** Stability, the Coke Price will be decreased by $ ***** for such Coke Tonnage. For each one (1) point variation in respect of Coke Tonnage that

  
 53 

 
contains more than ***** Stability, the Coke Price will be increased by $ ***** for such Coke Tonnage. For Coke that measures between ***** stability and ***** stability, there shall be no
adjustment to the Coke Price. 
 Moisture Penalty and Premium – For each ***** % variation in moisture over ***** %,
the Coke Price will be decreased $ ***** per ton for such coke tonnage. For each ***** % variation in moisture under ***** %, the Coke Price will be increased $ ***** per ton. 
 For coke that measures moisture between ***** % and ***** %, there shall be no adjustments to the Coke Price. 
 Pro-Rata Adjustments: 
 For ash, volatile matter, sulfur and moisture, any
percentage over the threshold amount shall be pro-rated for each ***** ( ***** ) ***** percentage point increment exceedance. ***** 
 Testing Frequency: 
 Moisture, sulfur, ash, volatile matter and stability
will be tested and analyzed on a ***** basis. ***** 

  
 54 

 Schedule 6.2(a) 

Coke Supply and Purchase Obligation 
  

																																					
	 Coal Blend Volatile Matter
	  	 	*****	  	  	 	*****	  	  	 	*****	  	  	 	*****	  	  	 	*****	  	  	 	*****	  	  	 	*****	  	  	 	*****	  	  	 	*****	  
										
	 Purchaser Targeted Coke Production (Tons)1
	  	 	*****	  	  	 	*****	  	  	 	*****	  	  	 	*****	  	  	 	*****	  	  	 	*****	  	  	 	*****	  	  	 	*****	  	  	 	*****	  

  

	1 	 Purchaser Targeted Coke Production amounts in this Schedule 6.2(a) are subject to downward adjustment pursuant to Section 6.6.

  
 55 

 Schedule 7.2 
 Government Mandated Additional Capital Expenditures (Example) 
 Commencement of
first Contract Year: 
 01/01/10 
  

					
		
	 End of Term:
	  	 	12/31/21	  
		
	 Completion Date for Government Mandated Additional Capital Expenditures:
	  	 	4/30/15	  
		
	 Number of partial or complete Contract Years Remaining in the Term
	  	 	6.67	  
		
	 Amortization Period ( ***** ):
	  	 	*****	  
		
	 Interest Rate (pre-tax):
	  	 	***** 	% 
		
	 Cost of Applicable Government Mandated Additional Capital Expenditure:
	  	$	 *****	  
		
	 Monthly Amortized Cost:
	  	$	 *****	  
		
	 Unamortized Balance at End of Initial Term
	  	$	 *****	  

  
 56 

 Schedule A-1 
 Lost Energy Charge 
 Lost Energy Charge (to be calculated hourly) = *****

 Where: ***** 
  

And Where: ***** 
  

  
 57 

 Attachment A 
 Fuel Surcharge 
 In the event the average per-barrel monthly price of West Texas
Intermediate Crude Oil (the “WTI Average Price”) exceeds $ ***** as calculated using the daily prices published in The Wall Street Journal and as further described below, Norfolk Southern Railway Company (“NS”) will assess a fuel
surcharge on all line haul freight charges under the transportation contract C-9381 between NS and Seller for Coal delivered to the Coke Plants as set forth in this Attachment A. The applicable fuel surcharge percentage shall be applied to each
shipment having a bill of lading dated on or after the 1st day of the second calendar month following the calendar month of a given WTI Average Price calculation. The fuel surcharge will change monthly per the table below: 

 
 The fuel surcharge will be ***** % of the line haul freight charge for every $ ***** per barrel, or
portion thereof, by which the WTI Average Price exceeds $ *****. The WTI Average Price for a given calendar month will be determined by adding the daily West Texas Intermediate Crude Oil prices published in The Wall Street Journal during a calendar
month and dividing the result by the number of days so published in that given month. The result will be rounded to the nearest cent. If The Wall Street Journal ceases publication of the price of West Texas Intermediate Crude Oil, NS will employ a
suitable substitute source of price or measure. The following schedule reflects the applicable fuel surcharge within the WTI Average Price ranges noted below and is not exclusive. 

  
 58 

			
	 WTI Average Price
	  	 Fuel Percentage

	 $64.00 and below
	  	*****
	 $64.01-$65.00
	  	***** %
	 $65.01-$66.00
	  	***** %
	 $66.01-$67.00
	  	***** %
	 $67.01-$68.00
	  	***** %
	 $68.01-$69.00
	  	***** %
	 $69.01-$70.00
	  	***** %
	 $70.01-$71.00
	  	***** %
	 $71.01-$72.00
	  	***** %
	 $72.01-$73.00
	  	***** %
	 $73.01-$74.00
	  	***** %
	 $74.01-$75.00
	  	***** %
	 $75.01-$76.00
	  	***** %
	 $71.01-$77.00
	  	***** %
	 For each dollar or portion thereof above $77.00
	  	The FSC increases by ***** %

 Notice of changes in the percentage amount of the fuel surcharge will be published on NS’s web page
at www.nscorp.com. 

  
 59

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