Document:

Amendment No. 3 to Commitment Agreement, dated as of November 23, 2004

 Exhibit 10.4 
  
 AMENDMENT NO. 3 TO COMMITMENT AGREEMENT 
  
 As of November 23, 2004 
  
 To the Subscribers under the 
 Commitment Agreement referred to below

  
 Ladies and Gentlemen: 
  
 Reference is made to the Commitment Agreement, dated as of February 23, 2004, entered into
by and among Oglebay Norton Company and the other parties (the “Subscribers”) signatory thereto, as amended by Amendments No. 1 and 2 thereto (the “Agreement”). Defined terms used but not otherwise defined herein shall have the
meaning ascribed to them in the Agreement. 
  
 The Company has proposed amendments
to the Agreement (1) to change the date prior to which the Registration Statement must be declared effective from November 15, 2004 to December 15, 2004 and (2) to change the date on which the non-completion of the Restructuring Transaction will
become a Termination Event from December 15, 2004 to January 15, 2005. 
  
 Upon
receipt of the Requisite Shareholders’ consent as described herein, the Agreement shall be amended as follows: 
  
 1. The reference to “November 15, 2004” in Section 2 of the Agreement shall be deleted and replaced by “December 15, 2004.”

  
 2. Section 7(a)(vii) of the Agreement shall be deleted in its
entirety and replaced by the following: 
  
 “(vii) the
Restructuring Transaction is not completed by January 15, 2005.” 
  
 The
delivery to the Company of this letter duly executed by you will evidence your agreement to the amendments to the Agreement set forth above. These amendments will become effective, and binding upon the Company and all of the Subscribers, upon
delivery to the Company of copies of this letter duly executed by the Requisite Subscribers. 
  
 The provisions of Section 14 of the Agreement relating to counterparts and facsimile signatures shall be applicable to this Amendment No. 3 to the Agreement. 
  
 [The balance of this page has been intentionally left blank.] 

 Except as amended hereby, the Agreement shall remain in full force and effect in accordance with its terms. 

 

			
	 Very truly yours,

	
	 OGLEBAY NORTON COMPANY

		
	 By:
	 	 /s/ Rochelle F. Walk

	 Name:
	 	 Rochelle F. Walk

	 Title:
	 	 Vice President, General Counsel and
 Secretary

  

 NOTEHOLDERS: 
  
 SUBSCRIBERS  
  

			
	Airlie Opportunity Master Fund, LTD.
		
	 By:
	 	 /s/ Adam Goodfriend

	 Name:
	 	 Adam Goodfriend

	 Title:
	 	 Managing Director

	
	Berlin Capital Growth, L.P.
	 By:
	 	 Berlin Financial, Ltd., its general partner

	
	 /s/ Thomas G. Berlin

	 Name
	 	 : Thomas G. Berlin

	 Title:
	 	 Managing Member

	
	Ingalls & Snyder Value Partners, L.P.
		
	 By:
	 	 /s/ Thomas Boucher

	 Name:
	 	 Thomas Boucher

	 Title:
	 	 General Partner

	
	Legacy Aggressive High Yield Fund
	By:	 	Banc One High Yield Partners, LLC
		
	 By:
	 	 /s/ James P. Shanahan, Jr.

	 Name:
	 	 James P. Shanahan, Jr.

	 Title:
	 	 Managing Director/General Counsel

			
	One Group High Yield Bond Fund
	By:	 	Banc One High Yield Partners, LLC
		
	 By:
	 	 /s/ James P. Shanahan, Jr.

	 Name:
	 	 James P. Shanahan, Jr.

	 Title:
	 	 Manager

	
	One Group Income Bond Fund
	By:	 	Banc One High Yield Partners, LLC
		
	 By:
	 	 /s/ James P. Shanahan, Jr.

	 Name:
	 	 James P. Shanahan, Jr.

	 Title:
	 	 Manager

	
	Pacholder High Yield Fund, Inc.
	By:	 	Banc One High Yield Partners, LLC
		
	 By:
	 	 /s/ James P. Shanahan, Jr.

	 Name:
	 	 James P. Shanahan, Jr.

	 Title:
	 	 Secretary

	
	Southern UTE Permanent Fund
	By:	 	Banc One High Yield Partners, LLC
		
	 By:
	 	 /s/ James P. Shanahan, Jr.

	 Name:
	 	 James P. Shanahan, Jr.

	 Title:
	 	 Manager

	
	WCI Steel, Inc. Defined Pension Benefit Plan
	By:	 	Banc One High Yield Partners, LLC
		
	 By:
	 	 /s/ James P. Shanahan, Jr.

	 Name:
	 	 James P. Shanahan, Jr.

	 Title:
	 	 Manager

 THIRD PARTY INVESTORS  
  

			
	Robert T. Clutterbuck Trust
		
	 By:
	 	 /s/ Robert T. Clutterbuck

	 Name:
	 	 Robert T. Clutterbuck

	 Title:
	 	 Trustee

	
	Fledgling Associates LLC
		
	 By:
	 	 /s/ Edward Stern

	 Name:
	 	 Edward Stern

	 Title:
	 	 Manager

	
	J George Investments LLC
	 By:
	 	 Berlin Financial, Ltd., its investment advisor

	
	 /s/ Thomas G. Berlin

	 Name:
	 	 Thomas G. Berlin

	 Title:
	 	 Managing MemberAmendment No. 4 to Commitment Agreement, dated as of December 20, 2004

 Exhibit 10.5 
  
 AMENDMENT NO. 4 TO COMMITMENT AGREEMENT 
  
 As of December 20, 2004 
  
 To the Subscribers under the 
 Commitment Agreement referred to below 
  
 Ladies and Gentlemen: 
  
 Reference is made to the Commitment Agreement, dated as of February 23, 2004, entered into by and among Oglebay Norton Company and the other parties (the “Subscribers”) signatory thereto, as amended by Amendments No. 1, No. 2 and
No. 3 thereto (the “Agreement”). Defined terms used but not otherwise defined herein shall have the meaning ascribed to them in the Agreement. 
  
 The Company has proposed amendments to the Agreement (1) to change the date prior to which the Registration Statement must be declared effective from
December 15, 2004 to December 30, 2004, (2) to change the date on which the non-completion of the Restructuring Transaction will become a Termination Event from January 15, 2005 to January 31, 2005, (3) to amend Schedule 1 attached hereto to correct
the identity of certain of the original Subscribers and to amend and restate the respective beneficial ownership of Subordinated Notes, Commitment Amounts and Commitment Fees of each of the Subscribers as of the date hereof and (4) to amend the
definition of “Plan Modifications” and “Amended Plan.” 
  
 Upon receipt of the Requisite Shareholders’ consent as described herein, the Agreement shall be amended as follows: 
  
 1. Preliminary Statement E of the Agreement shall be deleted in its entirety and replaced by the following: 
  
 “E. The Noteholders hold the principal amount of Subordinated Notes set
forth opposite their respective names on Schedule 1 to Amendment No. 4 of this Agreement, which represents approximately 32.9% of the aggregate amount of Subordinated Notes outstanding.” 
  
 2. The references to “Schedule 1 to Amendment No. 2 to this
Agreement” in Section 1(a) and Section 3(b) of the Agreement shall be deleted and replaced by “Schedule 1 to Amendment No. 4 to this Agreement.” 
  

3. The reference to “December 15, 2004” in Section 2 of the Agreement shall be deleted and replaced by “December 30, 2004.”

 4. Section 7(a)(vii) of the Agreement shall be deleted in its entirety and replaced by the following:

  
 “(vii) the Restructuring Transaction is not completed by
January 31, 2005.” 
  
 5. Schedule 1 attached hereto hereby
corrects the identity of certain of the original Subscribers and amends and restates the respective beneficial ownership of Subordinated Notes, Commitment Amounts and Commitment Fees of each of the Subscribers as set forth on Schedule 1 to Amendment
No. 2 to the Agreement to reflect as of the date hereof changes in beneficial ownership of Subordinated Notes by certain Noteholders. 
  
 6. The term “Amended Plan” as used in the Agreement shall mean the Company’s Second Amended Joint Plan of Reorganization of Debtors and
Debtors in Possession as modified and dated July 30, 2004 and as further modified by the plan modifications filed with the Bankruptcy Court on November 12, 2004. The term “Plan Modifications” as used in the Agreement shall mean the plan
modifications filed with the Bankruptcy Court on November 12, 2004 in connection with the Amended Plan. 
  
 The delivery to the Company of this letter duly executed by you will evidence your agreement to the amendments to the Agreement set forth above. These
amendments will become effective, and binding upon the Company and all of the Subscribers, upon delivery to the Company of copies of this letter duly executed by the Requisite Subscribers. 
  
 The provisions of Section 14 of the Agreement relating to counterparts and
facsimile signatures shall be applicable to this Amendment No. 4 to the Agreement. 
  
 [The balance of this page has been intentionally left blank.] 
  

 2 

 Except as amended hereby, the Agreement shall remain in full force and effect in accordance with its
terms. 
  

			
	 Very truly yours,

	
	 OGLEBAY NORTON COMPANY

		
	 By:
	 	 /s/ Rochelle F. Walk

	 Name:
	 	 Rochelle F. Walk

	 Title:
	 	 Vice President, General Counsel & Secretary

  

 3 

 NOTEHOLDERS: 
  
 SUBSCRIBERS 
  

			
	Airlie Opportunity Master Fund, LTD.
		
	 By:
	 	 /s/ Steven Ezzes

	 Name:
	 	 Steven Ezzes

	 Title:
	 	 Managing Director

	
	Berlin Capital Growth, L.P.
		
	 By:
	 	 Berlin Financial, Ltd., its general partner

	
	 /s/ Thomas G. Berlin

	 Name:
	 	 Thomas G. Berlin

	 Title:
	 	 Managing Member

	
	Richard Groenendyke
		
	 By:
	 	 /s/ Richard Groenendyke

	
	Ingalls & Snyder Value Partners, L.P.
		
	 By:
	 	 /s/ Thomas Boucher

	 Name:
	 	 Thomas Boucher

	 Title:
	 	 General Partner

	
	Legacy Aggressive High Yield Fund
	By:	 	Banc One High Yield Partners, LLC
		
	 By:
	 	 /s/ James P. Shanahan, Jr.

	 Name:
	 	 James P. Shanahan, Jr.

	 Title:
	 	 Managing Director/General Counsel

  

 4 

			
	One Group High Yield Bond Fund
	By:	 	Banc One High Yield Partners, LLC
		
	 By:
	 	 /s/ James P. Shanahan, Jr.

	 Name:
	 	 James P. Shanahan, Jr.

	 Title:
	 	 Manager

	
	One Group Income Bond Fund
	By:	 	Banc One High Yield Partners, LLC
		
	 By:
	 	 /s/ James P. Shanahan, Jr.

	 Name:
	 	 James P. Shanahan, Jr.

	 Title:
	 	 Manager

	
	Pacholder High Yield Fund, Inc.
	By:	 	Banc One High Yield Partners, LLC
		
	 By:
	 	 /s/ James P. Shanahan, Jr.

	 Name:
	 	 James P. Shanahan, Jr.

	 Title:
	 	 Secretary

	
	Southern UTE Permanent Fund
	By:	 	Banc One High Yield Partners, LLC
		
	 By:
	 	 /s/ James P. Shanahan, Jr.

	 Name:
	 	 James P. Shanahan, Jr.

	 Title:
	 	 Manager

	
	WCI Steel, Inc. Defined Pension Benefit Plan
	By:	 	Banc One High Yield Partners, LLC
		
	 By:
	 	 /s/ James P. Shanahan, Jr.

	 Name:
	 	 James P. Shanahan, Jr.

	 Title:
	 	 Manager

  

 5 

			
	THIRD PARTY INVESTORS
	
	Robert T. Clutterbuck Trust
		
	 By:
	 	 /s/ Robert T. Clutterbuck

	 Name:
	 	 Robert T. Clutterbuck

	 Title:
	 	 Trustee

	
	Fledgling Associates LLC
		
	 By:
	 	 /s/ Ronald J. Bangs

	 Name:
	 	 Ronald J. Bangs

	 Title:
	 	 Authorized Signatory

	
	J George Investments LLC
		
	 By:
	 	 Berlin Financial, Ltd., its investment advisor

	
	 /s/ Thomas G. Berlin

	 Name:
	 	 Thomas G. Berlin

	 Title:
	 	 Managing Member

	
	Brad Shingleton
		
	 By:
	 	 /s/ Brad Shingleton

  

 6 

 Schedule 1 
  

Noteholders 
  

													
	 Beneficial Holder

	  	Principal
Amount of
Notes
Beneficially
Owned

	  	Basic
Commitment
Amount

	  	Total
Commitment
Amount including
Standby
Commitment if
applicable

	  	Commitment
Fee

	 Airlie Opportunity Master Fund, LTD.1
	  	$	4,750,000	  	$	3,800,000	  	$	10,090,161	  	$	390,508
	 Altman, Ronald
	  	$	500,000	  	$	400,000	  	$	400,000	  	$	8,000
	 Berlin Capital Growth, L.P.
	  	$	1,125,000	  	$	900,000	  	$	1,682,813	  	$	57,141
	 Blythefield Farms LLC
	  	$	100,000	  	$	80,000	  	$	80,000	  	$	1,600
	 Boone, H. Sheppard
	  	$	400,000	  	$	320,000	  	$	871,859	  	$	33,993
	 Boucher, Thomas
	  	$	10,000	  	$	8,000	  	$	597,423	  	$	29,631
	 CFG Trust
	  	$	250,000	  	$	200,000	  	$	200,000	  	$	4,000
	 Connecticut General Life Insurance
	  	$	2,000,000	  	$	1,600,000	  	$	1,600,000	  	$	32,000
	 DiTosto, Thomas
	  	$	320,000	  	$	256,000	  	$	807,183	  	 	32,679
	 Dougherty, John
	  	$	1,000,000	  	$	800,000	  	$	1,902,637	  	$	71,132
	 Ferguson, Shannah
	  	$	620,000	  	$	496,000	  	$	496,000	  	$	9,920
	 Foote, Lynn
	  	$	100,000	  	$	80,000	  	$	544,836	  	$	24,842
	 Kenneth J. Foote IRA
	  	$	100,000	  	$	80,000	  	$	80,000	  	$	1,600
	 Foote, Theresa M.
	  	$	400,000	  	$	320,000	  	$	320,000	  	$	6,400
	 Groenendyke, Richard
	  	$	120,000	  	$	96,000	  	$	96,000	  	$	1,920
	 Heritage Mark Foundation
	  	$	2,300,000	  	$	1,840,000	  	$	1,840,000	  	$	36,800
	 Ingalls & Snyder Value Part. L.C.
	  	$	8,700,000	  	$	6,960,000	  	$	20,988,418	  	$	840,621
	 Janovic, Adam
	  	$	150,000	  	$	120,000	  	$	120,000	  	$	2,400
	 Janovic, Evan
	  	$	300,000	  	$	240,000	  	$	240,000	  	$	4,800
	 Janovic, Neil
	  	$	400,000	  	$	320,000	  	$	320,000	  	$	6,400
	 Legacy Aggressive High Yield Fund
	  	$	150,000	  	$	120,000	  	$	120,000	  	$	2,400
	 One Group High Yield Bond Fund
	  	$	4,250,000	  	$	3,400,000	  	$	6,487,528	  	$	222,376
	 One Group Income Bond Fund
	  	$	500,000	  	$	400,000	  	$	400,000	  	$	8,000
	 Pacholder High Yield Fund, Inc.
	  	$	2,250,000	  	$	1,800,000	  	$	2,563,473	  	$	74,174
	 Ramer 1990 Living Trust
	  	$	200,000	  	$	160,000	  	$	160,000	  	$	3,000
	 Brad Shingleton Trust
	  	$	175,000	  	$	140,000	  	$	140,000	  	$	2,800

	1	Successor in interest to Airlie Opportunity Fund, L.P. and Airlie Opportunity Fund Cayman, LTD. 

  

 7 

													
	 Beneficial Holder

	  	Principal
Amount of
Notes
Beneficially
Owned

	  	Basic
Commitment
Amount

	  	Total
Commitment
Amount including
Standby
Commitment if
applicable

	  	Commitment
Fee

	 Elizabeth A. Shingleton Trust
	  	$	100,000	  	$	80,000	  	$	80,000	  	$	1,600
	 Jennifer C. Shingleton Trust
	  	$	100,000	  	$	80,000	  	$	80,000	  	$	1,600
	 Shingleton, Kenneth P.
	  	$	100,000	  	$	80,000	  	$	80,000	  	$	1,600
	 Rebecca M. Shingleton Trust
	  	$	75,000	  	$	60,000	  	$	60,000	  	$	1,200
	 Siegel, Christopher R.
	  	$	300,000	  	$	240,000	  	$	792,399	  	$	32,420
	 Shuldiner, David
	  	$	75,000	  	$	60,000	  	$	60,000	  	$	1,200
	 Solomon, Martin L.
	  	$	150,000	  	$	120,000	  	$	1,094,264	  	$	51,113
	 Southern UTE Permanent Fund2
	  	$	241,000	  	$	192,800	  	$	192,800	  	$	3,856
	 Steadfast LLC
	  	$	100,000	  	$	80,000	  	$	80,000	  	$	1,600
	 William Robert Thomas Trust
	  	$	150,000	  	$	120,000	  	$	120,000	  	$	2,400
	 Abigail Foote Thomas Trust
	  	$	200,000	  	$	160,000	  	$	160,000	  	$	3,200
	 WCI Steel, Inc. Defined Pension Benefit Plan
	  	$	100,000	  	$	80,000	  	$	80,000	  	$	1,600
	Noteholders Total	  	$	32,861,000	  	$	26,288,800	  	$	56,027,794	  	$	2,012,526

  
 Third Party Investors

  

							
	 Third Party Investor

	  	Commitment Amount

	  	Commitment Fee

	 Robert T. Clutterbuck Trust
	  	$	524,000	  	$	10,480
	 Fledgling Associates LLC
	  	$	5,540,194	  	$	277,010
	 Gator Investment Company
	  	$	1,108,039	  	$	55,402
	 Gipson, Robert L.
	  	$	3,324,116	  	$	166,206
	 Gipson, Thomas L.
	  	$	3,324,116	  	$	166,206
	 J George Investments LLC
	  	$	8,967,547	  	$	304,497
	 Monoyios, Nikolaus
	  	$	3,324,116	  	$	166,206
	 Shingleton, Brad
	  	$	120,000	  	$	2,400
	 Stein, John
	  	$	1,108,039	  	$	55,402
	 Stein, Steven N.
	  	$	1,108,039	  	$	55,402
	 Stifel Nicolaus & Company, Incorporated
	  	$	524,000	  	$	10,480
	Third Party Investors Total	  	$	28,972,206	  	$	1,269,691
			
	 Overall Totals:
  
	  	Commitment Amount

	  	Commitment Fee

	 	  	$	85,000,000	  	$	3,282,217

	2	Successor in interest to Southern UTE Growth Fund. 

  

 8

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