Document:

<PAGE>
                                                                   Exhibit 10B

                                    AGREEMENT
                                    ---------

         This agreement made and entered into this 13th day of December, 2001,
by and among Scioto Downs, Inc., an Ohio corporation, hereinafter "Scioto
Downs," Mid-America Racing Association, Inc., an Ohio corporation, hereinafter
"MARA" and Heartland Jockey Club, Ltd., an Ohio limited liability company,
hereinafter "Heartland."

                                    RECITALS

         Scioto Downs and MARA own permits to conduct harness horse racing at
the Scioto Downs racetrack, 6000 South High Street, Columbus, Ohio. Reference
herein to "Scioto Downs" includes BOTH Scioto Downs and MARA. Heartland owns
permits to conduct thoroughbred race meetings at Beulah Park racetrack in Grove
City, Ohio. Reference herein to "Beulah Park" includes Heartland.

         Scioto Downs and Beulah Park desire to enter into this agreement in
order to set forth certain understandings and agreements between them with
regard to the 2002 racing season which commences January 1, 2002 and ends
December 31, 2002. It is understood that this does not establish a precedent for
the future but does provide information to help establish a suitable
relationship for cooperation in future years.

         Now, therefore, the parties agree as follows:

         1. There are days during the 2002 racing season as indicated on the
applications for race dates filed by both Scioto Downs and Beulah Park with the
Racing Commission on which both Scioto Downs and Beulah Park will be conducting
live racing. The parties recognize this and agree to it.

         2. Subject to the exception hereinafter set forth and other exceptions
set forth in this agreement, during the 2002 racing season, Scioto Downs will
not conduct wagering on simulcast race programs which commence prior to 4:00
p.m. (Columbus time) with the exception of simulcast race programs from
California, and Beulah Park will not conduct wagering on simulcast race programs
which commence after 4:00 p.m. (Columbus time) with the exception of simulcast
race programs from California.

         3. Scioto Downs will conduct live racing and wagering on simulcast
racing programs in the afternoons of Memorial Day, 4th of July and Labor Day.

         4. During Little Brown Jug week (September 14 through September 19),
Scioto Downs will be open for wagering on simulcast racing programs.

         5. Scioto Downs will be open for wagering on simulcast racing programs
on Hambletonian day.

<PAGE>

         6. Mike Weiss and Ed Ryan will meet monthly to review the racing
schedules and, if necessary, make adjustments by mutual agreement to this
agreement.

         7. This agreement shall be binding upon and inure to the benefit of the
parties hereto, their successors and assigns.

         8. This agreement shall be construed in accordance with and governed by
the laws of the State of Ohio.

                                   SCIOTO DOWNS, INC.

                                   By  /s/ Edward T. Ryan
                                     ---------------------------------------

                                   MID-AMERICA RACING ASSOCIATION, INC.

                                   By  /s/ Edward T. Ryan
                                     ---------------------------------------

                                   HEARTLAND JOCKEY CLUB, LTD.

                                   By  /s/ Michael Weiss
                                     ---------------------------------------<PAGE>
[WCI STEEL LOGO]

                                                                 EXHIBIT 10.2.15

                                                              January 10, 2001

Ira Leon Rennert
The Renco Group, Inc.
30 Rockefeller Plaza - 42nd Floor
New York, NY 10112

Dear Ira:

     This letter will confirm our conversation on November 15, 2000 regarding
the Net Worth Appreciation Participation Agreements between yourself and each of
the executive officers of WCI and the Net Worth Appreciation Plan for Key
Managers. Due to the extraordinary market conditions, cumulative net income as
described in paragraph 2 in the individual Net Worth Agreements and in the Net
Worth Appreciation Plan will be suspended for the period August 1, 2000 through
October 31, 2001. As such, each individual's net worth account will not reflect
the results of WCI during the above-mentioned period. For our records, please
sign below indicating your agreement with the above.

                                               Sincerely,

                                      /S/      EDWARD R. CAINE
                                      ------------------------

                                               Edward R. Caine
                                               President & CEO

ERC/dj

011001ir.erc

/S/      IRA LEON RENNERT
-------------------------

         Ira Leon Rennert<PAGE>
[WCI STEEL LOGO]

                                                                 EXHIBIT 10.2.16

                                               October 17, 2001

Ira Leon Rennert
The Renco Group, Inc.
30 Rockefeller Plaza - 42nd Floor
New York, NY 10112

Dear Ira:

     This letter will confirm our discussions regarding the Net Worth
Appreciation Participation Agreements between yourself and each of the executive
officers of WCI and the Net Worth Appreciation Plan for Key Managers. Due to the
extraordinary market conditions, cumulative net income as described in paragraph
2 in the individual Net Worth Agreements and in the Net Worth Appreciation Plan
will be suspended for the period November 1, 2001 through October 31, 2002. As
such, each individual's net worth account will not reflect the results of WCI
during the above-mentioned period. For our records, please sign below indicating
your agreement with the above.

                                                 Sincerely,

                                          /S/    EDWARD R. CAINE
                                          ----------------------

                                                 Edward R. Caine
                                                 President & CEO

ERC/dj

/S/      IRA LEON RENNERT
-------------------------

         Ira Leon Rennert<PAGE>

                                                                 EXHIBIT 10.4.16

                               AMENDMENT NO. 2 TO
             SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT
             -------------------------------------------------------

     AMENDMENT NO. 2 TO SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT,
dated as of January 25, 2002 by and among WCI STEEL, INC., an Ohio corporation
("WCI Steel"), WCI STEEL SALES L.P., an Ohio limited partnership ("WCI Sales
LP", and together with WCI Steel, individually, each a "Borrower" and
collectively, "Borrowers"), CONGRESS FINANCIAL CORPORATION, a Delaware
corporation, as successor by merger to Congress Financial Corporation, a
California corporation (in its individual capacity "Congress"), BANK OF AMERICA,
N.A., as successor to BankAmerica National Trust & Savings Association ("Bank of
America", and together with Congress, collectively "Lenders"), and CONGRESS
FINANCIAL CORPORATION, as Agent for Lenders (in such capacity, "Agent").

                               W I T N E S S E T H
                               - - - - - - - - - -

     WHEREAS, Borrowers have entered into financing arrangements with Lenders
and Agent pursuant to which Lenders (or Agent on behalf of Lenders) have made
loans and provided other financial accommodations to Borrowers as set forth in
the Second Amended and Restated Loan and Security Agreement, dated July 30,
1999, between Borrowers, Lenders and Agent as amended by Amendment No. 1 to
Second Amended and Restated Loan and Security Agreement, dated April 30, 2001
(as the same now exists and is amended hereby and may hereafter be further
amended, modified, supplemented, extended, renewed, restated or replaced, the
"Loan Agreement") and the other agreements, documents and instruments referred
to therein or at any time executed and/or delivered in connection therewith or
related thereto, including this Amendment (all of the foregoing, together with
the Loan Agreement, as the same now exist or may hereafter be amended, modified,
supplemented, extended, renewed, restated or replaced, being collectively
referred to herein as the "Financing Agreements");

     WHEREAS, Borrowers have requested that Lenders and Agent agree to certain
amendments to the Loan Agreement and Lenders and Agent are willing to agree to
such amendments, subject to the terms and conditions contained herein; and

     WHEREAS, by this Amendment, Borrowers, Lenders and Agent intend to evidence
such amendments.

     NOW, THEREFORE, in consideration of the foregoing, and the agreements and
covenants contained herein, the parties hereto agree as follows (with the
amendments to the Loan Agreement being effective as of the date hereof):

                                       1
<PAGE>

     1. DEFINITIONS.

     (a) AMENDMENT TO DEFINITIONS.

     (i) The definition of "Interest Rate" as set forth in Section 1.40(a) to
the Loan Agreement is hereby amended to delete such Section in its entirety and
replace it with the following:

          "(a) as to Prime Rate Loans, a rate of one and one-half (1 1/2%)
          percent per annum in excess of the Prime Rate; and"

     (ii) The definition of "Interest Rate" as set forth in Section 1.40(b) to
the Loan Agreement is hereby amended to delete the reference to "two and
one-quarter (2 1/4%) percent" in such Section and replace it with the following:
"three and one-half (3 1/2%) percent."

     (b) INTERPRETATION. For purposes of this Amendment, unless otherwise
defined herein, those terms used herein, including, but not limited to, those
terms used and/or defined in the recitals above, shall have the respective
meanings given to such terms in the Loan Agreement.

     2. AMENDMENTS.

     (a) LOANS, INVESTMENTS, GUARANTEES, ETC.

     (i) Section 7.5(c) of the Loan Agreement is hereby amended to delete such
Section in its entirety and replace it with the following:

          "(c) loans by WCI Steel to Renco Group or Affiliates of Renco Group in
          any fiscal year of WCI Steel commencing with the fiscal year of WCI
          Steel ending October 31, 2001; PROVIDED, THAT, as to each such loan,
          all of the following conditions are satisfied:

               (i) Excess Availability for WCI Steel shall have been not less
          than $25,000,000 at all times during the ninety (90) consecutive day
          period immediately prior to the date of making such loan,

               (ii) after giving effect to the payment of any such loan as of
          the date of such payment, Excess Availability for WCI Steel shall be
          not less than $25,000,000,

               (iii) the financial projections provided by WCI Steel to Agent
          for the fiscal year of WCI Steel in which such loan is made, prior to
          the commencement of such fiscal year, shall be in form and substance
          satisfactory to Agent and reflect that Excess Availability for WCI
          Steel is

                                       2
<PAGE>

          projected to be not less than $25,000,000 for the ninety (90) day
          period immediately after (but not including) the date of the making of
          such loan, PROVIDED, THAT, revised versions of such financial
          projections may be provided by WCI Steel to Agent from time to time,
          but for purposes of the conditions set forth in this clause (iii) the
          Excess Availability for any period in such revised projections shall
          only be effective if acceptable to Agent in its discretion,

               (iv) as of the date of making of any such loan and after giving
          effect thereto, no Event of Default, or act, condition or event which
          with notice or passage of time or both would constitute an Event of
          Default shall exist or have occurred and be continuing,

               (v) Agent shall have received not less than ten (10) Business
          Days prior written notice of the intention of WCI Steel to make any
          such loans, and

               (vi) such loans shall not exceed, in the aggregate, an amount
          equal to: (A) fifty (50%) percent of (1) the cumulative After-Tax
          Profits of WCI Steel (or if cumulative After-Tax Profits shall be a
          loss, minus one hundred (100%) percent of such loss) earned subsequent
          to October 31, 2001 and prior to the date such loan occurs (treating
          such period as a single accounting period) MINUS (2) all payments to
          Renco Steel Holdings in such period made pursuant to Section 7.7(c)
          for federal, state and local income taxes, MINUS (B) the aggregate
          amount of all dividends declared and paid by WCI Steel to Renco Steel
          Holdings in such period, other than dividends made to Renco Steel
          Holdings pursuant to Section 7.7(c) MINUS (C) the aggregate amount of
          all management fees paid by WCI Steel to Renco Group and affiliates of
          Renco Group in such period, other than the monthly management fees
          under Section 7.6(b)(ii) below MINUS (D) the aggregate amount of all
          loans made by WCI Steel to Renco Group and Affiliates of Renco Group
          (other than Subsidiaries of WCI Steel) (net of repayments and
          prepayments) in such period, and still outstanding;"

          (ii) Section 7.5(h) of the Loan Agreement is hereby amended to
delete such Section in its entirety and replace it with the following:

          "(h) Intentionally omitted."

     (b) TRANSACTIONS WITH AFFILIATES. Section 7.6(b)(iii) of the Loan Agreement
is hereby amended to delete such Section in its entirety and replace it with the
following:

               "(iii) WCI Steel may in any fiscal year of WCI Steel commencing
          with the fiscal year of WCI Steel ending October 31, 2001 pay to Renco
          Group management fees (in addition to those permitted to be

                                       3
<PAGE>

          paid under Section 7.6(b) (ii) above); PROVIDED, THAT, each of the
          following conditions are satisfied:

               (A) Excess Availability for WCI Steel shall have been not less
          than $25,000,000 at all times during the ninety (90) consecutive day
          period immediately prior to the date of the payment of any such
          management fees,

               (B) after giving effect to the payment of any such management
          fees as of the date of such payment, Excess Availability for WCI Steel
          shall not be less than $25,000,000,

               (C) the financial projections provided by WCI Steel to Lender for
          the fiscal year of WCI Steel in which such management fees are paid,
          prior to the commencement of such fiscal year, shall be in form and
          substance satisfactory to Agent and reflect that Excess Availability
          for WCI Steel is projected to be not less than $25,000,000 for the
          ninety (90) day period immediately after (but not including) the date
          of the payment of such management fees, PROVIDED, THAT, revised
          versions of such financial projections may be provided by WCI Steel to
          Agent from time to time, but for purposes of this clause (C) the
          Excess Availability for any period in such revised projections shall
          only be effective if acceptable to Agent in its discretion,

               (D) as of the date of the payment of such management fees and
          after giving effect thereto, no Event of Default, or act, condition or
          event which with notice or passage of time or both would constitute an
          Event of Default shall exist or have occurred and be continuing,

               (E) Agent shall have received not less than ten (10) Business
          Days prior written notice of the intention of WCI Steel to pay such
          management fees, and

               (F) such management fees shall not exceed, in the aggregate, an
          amount equal to: (1) fifty (50%) percent of (x) the cumulative
          After-Tax Profits of WCI Steel (or if cumulative After-Tax Profits
          shall be a loss, minus one hundred (100%) percent of such loss) earned
          subsequent to October 31, 2001 and prior to the date the payment
          occurs (treating such period as a single accounting period) MINUS (y)
          all payments to Renco Steel Holdings in such period made pursuant to
          Section 7.7(c) for federal, state and local income taxes MINUS (2) the
          aggregate amount of all dividends declared and paid by WCI Steel to
          Renco Steel Holdings in such period, other than dividends paid to
          Renco Steel Holdings pursuant to Section 7.7(c) MINUS (3) the
          aggregate amount of all loans made by WCI Steel to Renco Group and
          Affiliates of Renco

                                       4
<PAGE>

          Group, (other than Subsidiaries of WCI Steel) (net of repayments and
          prepayments) in such period and still outstanding MINUS (4) the
          aggregate amount of all management fees paid by WCI Steel to Renco
          Group in such period, other than the monthly management fees
          contemplated under Section 7.6(b) (ii) above;"

     (c) DIVIDENDS. Section 7.7(b) of the Loan Agreement is hereby amended to
delete all references to "October 31, 1996" in such Section and replace them
with "October 31, 2001" and to delete the reference to "November 1, 1996" in
such Section and replace it with "November 1, 2001".

     (d) BORROWING BASE. Section 7.17(a)(ix) of the Loan Agreement is hereby
amended to delete such Section in its entirety and replace it with the
following:

          "(ix) Each Borrower shall deliver to Agent a Borrowing Base
          Certificate on a weekly basis calculating Revolving Loans and Letter
          of Credit Accommodations available as of the last business day of the
          immediately preceding week, duly completed and executed by the chief
          financial officer or other appropriate financial officer of such
          Borrower acceptable to Agent, together with all schedules required
          pursuant to the terms of the Borrowing Base Certificate duly
          completed.

               (A) Notwithstanding anything to the contrary contained herein,
          without limiting any other rights of Agent, upon Agent's request, each
          Borrower shall provide Agent on a daily basis with a schedule of
          Accounts, collections received and credits issued and on a daily basis
          with an inventory report in the event that at any time either: (1) an
          Event of Default or event which with notice or passage of time or both
          would constitute an Event of Default, shall exist or have occurred and
          be continuing, or (2) such Borrower shall have failed to deliver any
          Borrowing Base Certificate in accordance with the terms hereof, or (3)
          upon Agent's good faith belief, any information contained in any
          Borrowing Base Certificate is incomplete, inaccurate or misleading.

               (B) Nothing contained in any Borrowing Base Certificate shall be
          deemed to limit, impair or otherwise affect the rights of Agent and
          Lenders contained herein and in the event of any conflict or
          inconsistency between the calculation of the Loans and Letter of
          Credit Accommodations available to any Borrower as set forth in any
          Borrowing Base Certificate and as determined by Lender, the
          determination of Agent shall govern and be conclusive and binding upon
          such Borrower. Without limiting the foregoing, each Borrower shall
          furnish to Agent any information which Agent may reasonably request
          regarding the determination and calculation of any of the amounts set
          forth in the Borrowing Base Certificate.

                                       5
<PAGE>

               (C) If any of a Borrower's records or reports of the Collateral
          are prepared or maintained by an accounting service, contractor,
          shipper or other agent, such Borrower hereby irrevocably authorizes
          such service, contractor, shipper or agent to deliver such records,
          reports and related documents to Agent and to follow Agent's
          instructions with respect to further services at any time that an
          Event of Default exists or has occurred and is continuing."

     (e) CONSOLIDATED ADJUSTED NET WORTH. Section 7.19 of the Loan Agreement is
hereby amended to delete such Section in its entirety and replace it with the
following:

          "7.19 CONSOLIDATED ADJUSTED NET WORTH. WCI Steel and its Subsidiaries
          shall, at all times, maintain a Consolidated Adjusted Net Worth of not
          less than the following amounts during the periods indicated:

                        Period                                     Amount
                        ------                                     ------

           through January 31, 2002                            ($225,000,000)

           from February 1, 2002 through and                   ($240,000,000)
           including April 30, 2002

           from May 1, 2002 through and                        ($255,000,000)
           including July 31, 2002

           from August 1, 2002 and at all times                ($260,000,000)
           thereafter

           The use of parentheses with the numbers above indicates a negative
           number."

     (f) CAPITAL EXPENDITURES. Section 7.20 of the Loan Agreement is hereby
amended to delete such Section in its entirety and replace it with the
following:

          "7.20 CAPITAL EXPENDITURES. The expenditures of WCI Steel and its
          subsidiaries for fixed or capital assets (including, without
          limitation, the principal component of capitalized lease obligations),
          made in any fiscal year ending after October 31, 2001 shall not exceed
          $30,000,000."

     (g) EXCESS AVAILABILITY. Section 7 of the Loan Agreement is hereby amended
to add a new Section 7.22 as follows:

          "7.22 EXCESS AVAILABILITY. Borrowers shall at all times have Excess
          Availability of not less than $25,000,000."

                                       6
<PAGE>

     3. AMENDMENT FEE. In addition to all other fees, charges, interest and
expenses payable by Borrowers to Agent, Borrowers shall pay to Agent for the
ratable benefit of Lenders a fee for entering into this Amendment in an amount
equal to $XXX,XXX, which fee is fully earned as of the date hereof and due and
payable on the date hereof, and which Agent may, at its option, charge directly
to the loan account(s) of Borrowers.

     4. EVENTS OF DEFAULT. Lenders and Agent have not waived and are not by this
Amendment waiving, and have no intention of waiving, any Event of Default, which
may have occurred prior to the date hereof, or may be continuing on the date
hereof or any Event of Default which may occur after the date hereof. Lenders
and Agent reserve the right, in their discretion, to exercise any or all rights
and remedies arising under the Financing Agreements, applicable law or otherwise
as a result of any Events of Default which may have occurred prior to the date
hereof, or are continuing on the date hereof, or any Event of Default which may
occur after the date hereof.

     5. REPRESENTATIONS, WARRANTIES AND COVENANTS. Each Borrower represents,
warrants and covenants with and to Lenders and Agent as follows, which
representations, warranties and covenants are continuing and shall survive the
execution and delivery hereof, the truth and accuracy of, or compliance with
each, together with the representations, warranties and covenants in the other
Financing Agreements, being a continuing condition of the making or providing of
any Loans or Letter of Credit Accommodations by or on behalf of Lenders to
Borrowers:

          (a) This Amendment has been duly authorized, executed and delivered by
each Borrower, and the agreements and obligations of each Borrower contained
herein constitutes legal, valid and binding obligations of such Borrower
enforceable against such Borrower in accordance with its terms.

          (b) Neither the execution and delivery of this Amendment, or any other
agreements, documents or instruments in connection herewith, nor the
consummation of the transactions herein or therein contemplated, nor compliance
with the provisions hereof or thereof (i) is in contravention of any law or
regulation or any order or decree of any court or governmental instrumentality
applicable to Borrowers in any respect, or (ii) conflicts with or results in the
breach of, or constitutes a default in any respect under any mortgage, deed of
trust, security agreement, agreement or instrument to which either Borrower is a
party or may be bound, or (iii) violates any provision of the certificate of
incorporation or by-laws of WCI Steel or the partnership agreement of WCI Sales
L.P.

          (c) After giving effect to the provisions of this Amendment, no Event
of Default or act, condition or event which with notice or passage or time or
both would constitute an Event of Default, exists or has occurred and is
continuing.

     6. CONDITIONS PRECEDENT. The effectiveness of the terms and conditions of
this Amendment shall be effective upon the satisfaction of each of the following
conditions precedent in a manner satisfactory to Agent:

                                       7
<PAGE>

          (a) the receipt by Agent of an original of this Amendment, duly
authorized, executed and delivered by Borrowers;

          (b) the receipt by Agent of the fee set forth in Section 3 hereof; and

          (c) no Event of Default shall have occurred and be continuing and no
event shall have occurred or condition be existing and continuing which, with
notice or passage of time or both, would constitute an Event of Default.

     7. GENERAL.

          (a) EFFECT OF THIS AMENDMENT. Except as modified pursuant hereto, no
other changes or modifications to the Financing Agreements are intended or
implied and in all other respects the Financing Agreements are hereby
specifically ratified, restated and confirmed by all parties hereto as of the
date hereof. To the extent of conflict between the terms of this Amendment and
the Financing Agreements, the terms of this Amendment shall control.

          (b) FURTHER ASSURANCES. The parties hereto shall execute and deliver
such additional documents and take such additional action as may be necessary to
effectuate the provisions and purposes of this Amendment.

          (c) GOVERNING LAW. The rights and obligations hereunder of each of the
parties hereto shall be governed by and interpreted and determined in accordance
with the internal laws of the State of New York (without giving effect to
principles of conflict of laws).

          (d) BINDING EFFECT. This Amendment is binding upon and shall inure to
the benefit of Agent, Lenders and Borrowers and their respective successors and
assigns.

          (e) COUNTERPARTS. This Amendment may be executed in one or more
counterparts, each of which when so executed shall be deemed to be an original
but all of which when taken together shall constitute one and the same
instrument. In making proof of this Amendment, it shall not be necessary to
produce or account for more than one counterpart thereof signed by each of the
parties hereto. This Amendment may be executed and delivered by telecopier with
the same force and effect as if it were a manually executed and delivered
counterpart.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       8
<PAGE>

     The parties hereto have caused this Amendment to be duly executed and
delivered by their duly authorized officers as of the day and year first above
written.

                                            CONGRESS FINANCIAL CORPORATION,
                                            as Lender

                                            By:  /S/   MARC J. BREIER
                                                 --------------------

                                            Title: VICE PRESIDENT

                                            BANK OF AMERICA, N.A., as
                                            successor to BankAmerica National
                                            Trust & Savings Association,
                                            as Lender

                                            By:  /S/ EDMUNDO KAHN
                                                 ----------------

                                            Title: VICE PRESIDENT

                                            WCI STEEL, INC.

                                            By:  /S/ JOHN P. JACUNSKI
                                                 --------------------

                                            Title: VICE PRESIDENT AND CFO

                                            WCI STEEL SALES L.P.

                                            By:  /S/ JOHN P. JACUNSKI
                                                 --------------------

                                            Title: VICE PRESIDENT AND CFO

                                            CONGRESS FINANCIAL CORPORATION,
                                            as Agent

                                            By:  /S/   MARC J. BREIER
                                                 --------------------

                                            Title: VICE PRESIDENT

                                       9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00033-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00033-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00033-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00033-of-00352.parquet"}]]