Document:

Amendment No.3 to Coke Purchase Agreement

 Exhibit 10.25 
 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 (*****). 
 AMENDMENT NO.
3 TO COKE PURCHASE AGREEMENT 
 THIS amendment to that certain Coke Purchase Agreement, dated as of October 29, 2003
and amended as of December 2003 and May 7, 2008 (collectively, the “Coke Supply Agreement”) by and between Haverhill North Coke Company (“Seller”), on the one hand, and ArcelorMittal Cleveland Inc. (f/k/a ISG Cleveland Inc.)
and ArcelorMittal Indiana Harbor LLC (f/k/a 1SG Indiana Harbor Inc.) (collectively, “Purchasers”), on the other, is dated as of May 8, 2008. 
 WHEREAS, pursuant to the Coke Agreement, Seller sells to Purchasers, and Purchasers purchase from Seller, blast furnace coke (“Coke”) in accordance with the Coke Supply and Purchase Obligation
(as defined in the Agreement); 
 WHEREAS, in connection with such sale of Coke to Purchasers, Seller has agreed to share New
Governmental Credits (as defined in the Agreement) generated from the sale of Coke to Purchasers (as such New Governmental Credits are realized) pursuant to a formula to be negotiated in good faith by Seller and Purchasers at the such time as the
New Governmental Credits become available; 
 NOW, THEREFORE, pursuant to such mutual obligation, and in consideration of the
promises and mutual covenants contained herein and intending to be legally bound hereby, Seller and Purchasers hereby agree as follows: 
 1.
Section 3.11 of the Base Agreement shall be deleted in its entirety and replaced with the following: 
 “3.11
Section 45 Credits. 
 (a) Calculation. Subject to Section 3.11(b), if any Coke qualifies
for a credit under Section 45K of the Internal Revenue Code of 1986, as amended (the “Code”), or any successor provision (“Section 45 Credits”) during calendar years 2006 through 2009, Seller shall provide Purchasers with a
reduction in the Contract Price (the “Credit”) in respect of Coke Tonnage produced and sold by Seller to Purchasers during such period. Such Credit shall be equal to ***** of the Dollar Value Realized of such Section 45 Credits. Such
Dollar Value Realized is the value realized by Sunoco in respect of such Section 45 Credits as calculated in accordance with Schedule 3.11(a). Provided, however, such Dollar Value Realized 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 Dollar 

  
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Value Realized determination. Provided, further, 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 in respect of such applicable year. 
 (b) Credit for 2006. The Parties acknowledge that the Credit for 2006 is $*****. Such Credit shall be paid by Seller to Purchasers on or before June 15, 2008. 

(c) Credit for 2007. The Parties further acknowledge that the Credit for 2007 is $*****. Such Credit shall be paid
by Seller to Purchasers on or before June 15, 2008. 
 (d) Quarterly Estimates. Within fifteen
(15) calendar days following the conclusion of the second, third and fourth quarters of 2008 and each quarter of 2009, Seller shall provide Purchasers with its estimate of the Credit amount for each such quarter. Such estimated Credit shall be
payable by Seller to Purchasers within fifteen (15) calendar days thereafter. Such payments shall be net, as applicable, of overdue amounts due and payable by Purchasers to Seller pursuant to Section 3.9 including, without limitation,
accrued interest in respect of late payments. 
 (e) Reconciliation. The Parties acknowledge that the
value of the Section 45 Credits for 2008 and 2009 will be determined by the Internal Revenue Service as of April of the subsequent year. Accordingly, within thirty (30) calendar days following such determination, Seller shall reconcile the
actual Credit value with the estimated Credit value for the applicable year based upon the corresponding Section 45 Credits value and the qualified Coke Tonnage sold by Seller to Purchasers during such year. Such reconciliation shall be
promptly provided to Purchaser in Writing. If the result of such reconciliation demonstrates that a further Credit is due by Seller to Purchaser, then such further Credit shall be payable by Seller to Purchaser within fifteen (15) calendar days
following such reconciliation. If the result of such reconciliation demonstrates that the Credit was overpaid by Seller to Purchaser, then such overpayment shall be reimbursed by Purchaser to Seller within fifteen (15) calendar days following
Seller’s delivery of such Written reconciliation to Purchaser. 
 (f) Adjustments. If the Dollar
Value Realized of any such Section 45 Credits is thereafter reduced by the carryback of a net operating loss, disallowance of all or a portion of the Section 45 Credits, or the inability of Sunoco to utilize the Section 45 Credits
after final resolution of an IRS audit, then Purchasers shall 

  
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pay to Seller, within (30) calendar days following Seller’s Written notification to Purchasers of such reduction, an amount equal to (i) ***** of the Dollar Value Realized in
respect of such reduction, plus (ii) interest thereon at the underpayment rate of Section 6621 of the Code or any successor provision, computed from the due date of the consolidated income tax return of Sunoco through the date on which
such amount is paid by Purchasers to Seller. If the Dollar Value Realized of any Section 45 Credits from Coke sales is thereafter increased as a result of the ability of Sunoco to utilize the carryover of any unused Section 45 Credits in
later taxable years, or the ability of Sunoco to utilize additional Section 45 Credits after final resolution of an IRS audit, then Seller will credit Purchasers with an amount equal to (i) ***** of the Dollar Value Realized 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 due date of the consolidated income tax return of Sunoco for the taxable year in which the credit
is utilized through the date on which such amount is credited by Seller to Purchasers. Any such credit shall become due and payable by Seller to Purchasers in immediately available federally insured wired funds to Purchasers’ designated account
within (30) calendar days of such determination. Such Adjustments shall be made upon the Final Determination of the Section 45 Credits. 
 (g) If Sunoco is unable to utilize such Section 45 Credits during either 2008 or 2009 based upon a comparison of Sunoco’s current federal consolidated tax liability with and without the
Section 45 Credits attributable to Coke sales for such applicable year, then Purchaser shall pay Seller interest in respect of the corresponding Credit for such year until Sunoco is able to utilize such Section 45 Credits. Such interest
shall accrue on a monthly basis as of the date Sunoco files its consolidated federal income tax for such year at a interest rate equal to ***** above the rate announced by Chase Manhattan Bank as its prime interest rate as of the commencement of
each applicable month. 
 (h) If any new program providing for credits, rebates or similar economic benefits to
Section 45 Credits is enacted or authorized by any Governmental Authority subsequent to December 4, 2007 (“New Governmental Credits”), Seller and Purchaser shall share in such New Governmental Credits pursuant to a formula to be
negotiated by the Parties at such time as the New Governmental Credits become available. 
 2. The “Section 29
Credits” definition is hereby deleted. 

  
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 3. The following definitions are hereby inserted into Appendix A of the Agreement:
“Dollar Value Realized” has the meaning set forth in Section 3.11(a). 
 “Final
Determination” means (i) any final determination of liability or benefit in respect of the Section 45 Credit that, under applicable law, is not subject to further appeal, review or modification through proceedings or otherwise, and
(ii) any applicable final sales or transfers of the Section 45 Credits. 
 “Section 45
Credits” has the meaning set forth in Section 3.11(a), 
 “Sunoco” means Sunoco, Inc., which
is the indirect parent company of the Seller, or, as applicable, any controlled group of corporations filing a federal tax return of which Seller is a member. 
 Except as expressly modified herein, all terms and conditions of the Agreement remain in full force and effect. 

  
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 Schedule 3.11(a) 

Section 45 Credit (Example) 
  

					
	 2006 Credit Value
	  	$	*	****/ton 
		
	 2006 Qualified Coke Tons Sold to Purchasers
	  	 	*	**** tons 
		
	 2006 Dollar Value Realized by Sunoco
	  	$	*	**** 
		
	 Calculated Value Shared
	  	 	*	****% 
		
	 2006 Credit Payable to Purchasers
	  	$	*	**** 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
duly authorized representatives as of the Effective Date. 
  

													
	Haverhill North Coke Company	  		  	ArcelorMittal Cleveland
					
	By:	  	 /s/ Michael Thompson
	  		  	By:	  	 /s/ Om P. Mandhana

		  	Name:	  	Michael Thompson	  		  		  	Name:	  	Om P. Mandhana
		  	Title:	  	President	  		  		  	Title:	  	 Vice President – Procurement
 and Supply Chain

		  		  		  		  		  	 Date: 5-30-08

					
		  		  		  		  	ArcelorMittal Indiana Harbor LLc
						
		  		  		  		  	By:	  	 /s/ Om P. Mandhana

		  		  		  		  		  	Name:	  	Om P. Mandhana
		  		  		  		  		  	Title:	  	Vice President – Procurement and Supply Chain
		  		  		  		  		  	 Date: 5-30-08

  
 6Amendment No. 4 to Coke Purchase Agreement

 Exhibit 10.26 
 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 (*****). 
 AMENDMENT NO.
4 TO COKE PURCHASE AGREEMENT 
 THIS AMENDMENT NO. 4 TO COKE PURCHASE AGREEMENT (this “Amendment”), dated as of
January 26, 2011, is made by and between HAVERHILL NORTH COKE COMPANY (“Seller”), on one hand, and ARCELORMITTAL CLEVELAND INC. (f/k/a ISG Cleveland Inc.) and ARCELORMITTAL INDIANA HARBOR LLC (f/k/a ISG Indiana Harbor Inc.)
(collectively, “Purchasers”), on the other hand. 
 RECITALS 

WHEREAS, Seller and Purchasers are parties to that certain Coke Purchase Agreement dated October 28, 2003 (as amended, modified or
otherwise supplemented, the “Coke Purchase Agreement”); and 
 WHEREAS, Seller and Purchasers desire to amend the Coke
Purchase Agreement as set forth in this Amendment. 
 NOW THEREFORE, in consideration of the promises and the mutual agreements
herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally bound, agree as follows: 

1. Definitions. Capitalized terms used in this Amendment that are not otherwise defined herein shall have the meanings set forth
in the Coke Purchase Agreement. 
 2. Amendment Effective Date. The effective date of this Amendment shall be
January 1, 2011 (the “Amendment Effective Date”). 
 3. Amendments. 

3.1 Term. The Parties have agreed to extend the term of the Coke Purchase Agreement to December 31, 2020. Effective on and as
of the Amendment Effective Date, Section 2.1 of the Coke Purchase Agreement is hereby deleted in its entirety and replaced by the following: 
 2.1 This Agreement shall be effective as of the date of execution hereof and shall continue in full force and effect through December 31, 2020 (the “Term”), unless terminated earlier in
accordance with other provisions of this Agreement. 
 3.2 Take or Pay Term. 

(a) The Parties agree that the Take or Pay Term shall extend through the full term of the Coke Purchase Agreement. Effective on and as of
the Amendment Effective Date, 

  
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Sections 2.2 and 2.3 of the Coke Purchase Agreement are hereby deleted in their entirety and replaced by the following: 

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 full force and effect through the full Term as set forth in Section 2.1. 
 (b) Effective on and as of the Amendment Effective Date, the following sections are hereby deleted in their entirety and replaced as set forth below each such section reference: 

 

	 	(i)	Section 1.2(c): 

  

	 	(c)	[RESERVED] 

  

	 	(ii)	Section 3.6(i) & (ii): 

  

	 	(i)	[RESERVED] 

  

	 	(ii)	[RESERVED] 

  

	 	(iii)	Section 6.1(c): 

  

	 	(c)	[RESERVED] 

  

	 	(iv)	Section 6.2: 

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, 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 Purchasers shall pay for Third Party Supplied Coke Tonnage shall be *****. 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 Purchasers to which such shipment is
delivered. Payment therefore shall be made in accordance with Section 3.9(b). 

  
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 (c) Effective on and as of the First Amendment Effective Date, the following definitions in
Appendix A to the Coke Purchase Agreement shall be deleted in their entirety: 
  

	 	(i)	“Purchasers’ Requirements” 

  

	 	(ii)	“Requirements Term” 

 (d) Effective on and as of the Amendment Effective Date, the following definition in Appendix A to the Coke Purchase Agreement shall be deleted in its entirety and replaced by the following: 

“Term” has the meaning set forth in Section 2.1. 
 3.3 Fixed Cost Per Ton of Coke. The Parties agree to increase the Fixed Cost per Ton of Coke to $*****. Effective on and as of the Amendment Effective Date, Section 3.3 of the Coke Purchase
Agreement is hereby deleted in its entirety and replaced by the following: 
 3.3 Fixed Cost per Ton of Coke. The Fixed
Cost per Ton of Coke is $*****. 
 3.4 Variable Cost Per Ton of Coke. The Parties agree to increase the Variable Cost per Ton of Coke to
$*****. Effective on and as of the Amendment Effective Date, Section 3.4 of the Coke Purchase Agreement is hereby deleted in its entirety and replaced by the following: 
 3.4 Variable Cost per Ton of Coke. The Variable Cost per Ton of Coke is $***** through December 31, 2011. Beginning January 1, 2012 and each January 1st thereafter through the Term,
the Variable Cost per Ton of Coke is subject to increase or decrease annually based upon the Variable Cost Index. 
 3.5 Coal Handling
Losses. The Parties agree that calculation of Coal Handling Losses as currently calculated in the Coke invoices issued pursuant to Section 3.9 of the Coke Purchase Agreement has been correct. Effective on and as of the Amendment Effective
Date, the formula for Coal Handling Losses as set forth in Section 3.5(a): 
 ***** 

shall be deleted in its entirety and replaced by the following: 
 ***** 
 3.6 Coke Supply and Purchase Obligation. The Parties have agreed
that any Coke loaded into rail cars and released for shipment or placed into stockpile pursuant to Section 7.3 of the Coke Purchase Agreement shall be included in the determination of the Coal Supply and Purchase Obligation. Effective on and as
of the Amendment Effective Date, the following sentence shall be added to the end of Section 6.1(b): 
 For
each Contract Year, Coke loaded into rail cars and released for shipment or placed into stockpile pursuant to Section 

  
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7.3 during such Contract Year shall count towards satisfying the Coke Supply and Purchase Obligation for such Contract Year. 

4. Miscellaneous. 
 4.1 Counterparts. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. 
 4.2 Governing Law. This Amendment 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. 

4.3 Captions. The captions and headings in this Amendment 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 Amendment for purposes of interpreting, construing or applying this Amendment and will not define, limit, extend, explain or describe the scope or extent of this Amendment
or any of its terms and conditions. 
 4.4 Terms and Conditions of the Coke Agreement. Except as expressly modified
hereby, all terms and conditions of the Coke Purchase Agreement remain in full force and effect and are hereby in all respects ratified and confirmed. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the
date first set forth above. 
  

					
	HAVERHILL NORTH COKE COMPANY
		
	By:	 	 /s/ Frederick A. Henderson

		 	Name:	 	Frederick A. Henderson
		 	Title:	 	Authorized Signatory
	
	ARCELORMITTAL INDIANA HARBOR LLC
		
	By:	 	 /s/ Om Mandhana

		 	Name:	 	Om Mandhana
		 	Title:	 	Vice President
	
	ARCELORMITTAL CLEVELAND INC.
		
	By:	 	 /s/ Om Mandhana

		 	Name:	 	Om Mandhana
		 	Title:	 	Vice President

[AMENDMENT NO. 4 TO COKE PURCHASE
AGREEMENT]

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