Document:

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                                                                    EXHIBIT 10.2

                                                                  EXECUTION COPY

                      RICHMOND INVESTMENT HOLDINGS LIMITED

                                October 24, 2004

International Steel Group Inc.
4020 Kinross Lakes Parkway
Richfield, OH  44286

                               Re: LNM Transaction

Ladies and Gentlemen:

                  Reference is made to the Agreement and Plan of Merger (the
"Merger Agreement"), entered into among Ispat International N.V. ("Parent"), a
company organized under the laws of The Netherlands, Park Acquisition Corp.
("Merger Sub"), a Delaware corporation and a wholly-owned subsidiary of Parent,
and International Steel Group Inc. (the "Company"), a Delaware corporation.
Reference is also made to the Acquisition Agreement (the "Richmond Agreement")
between Parent and Richmond Investment Holdings Limited ("Richmond"), a company
organized under the laws of the British Virgin Islands, for the purchase by
Parent of all of the issued and outstanding capital stock of LNM Holdings N.V.
("LNM"), a company organized under the laws of The Netherlands Antilles (the
"LNM Transaction"). All capitalized terms not defined herein will have the
meanings ascribed to such terms in the Merger Agreement. Each of Richmond and
the Company are referred to herein as a "party".

                  1. Richmond Agreement. Richmond hereby represents and warrants
to the Company that, except as disclosed in the Parent Disclosure Schedule, a
Parent SEC Report filed prior to the date hereof, the Richmond Agreement, the
LNM Disclosed Information or the Parent Prospectus:

                  (a) Richmond is the sole stockholder of LNM and has entered
into the Richmond Agreement; (b) the Richmond Agreement is a valid and binding
agreement of Richmond, and is not in default by its terms nor has it been
canceled by us; (c) the representations and warranties of Richmond contained in
the Richmond Agreement are true and correct in all material respects; (d)
Richmond is not in breach or violation of, or default under, the Richmond
Agreement in any material respect; (e) to Richmond's knowledge, Parent is not in
breach or violation of, or default under, the Richmond Agreement; (f) Richmond
has not received any claim of default under such agreement; (g) neither the
execution of the Richmond Agreement or the Merger Agreement nor the consummation
of any transactions contemplated thereby shall constitute a default under, give
rise to cancellation rights under, or otherwise adversely affect the rights of
Parent for indemnification under the Richmond Agreement; (h) the execution and
delivery of this letter

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agreement by Richmond  have been duly  authorized  by all  necessary  corporate,
partnership  or other similar  action;  (i) this letter  agreement has been duly
executed and  delivered by the  Richmond and  constitutes  the valid and binding
obligation of the Richmond  enforceable against the Redmond Seller in accordance
with its terms;  and (j) the  execution  and  delivery of this  agreement by the
Richmond does not, and the performance of this letter  agreement by the Richmond
will not, conflict with or violate the certificate of incorporation,  by-laws or
similar organizational documents of the Richmond.

                  2. Dividends. Except as permitted or otherwise contemplated by
the Richmond Agreement, from the date of this letter agreement through the
earlier of (i) the termination of the Merger Agreement and (ii) the closing date
of the LNM Transaction, Richmond will cause LNM not to declare, set aside, make
or pay any dividend or other distribution payable in cash, stock, property or
otherwise, with respect to any of LNM capital stock or repurchase or otherwise
acquire, directly or indirectly, any of LNM's capital stock or enter into any
binding agreement to do any of the foregoing.

                  3. Access to Information. Except as prohibited by any
confidentiality agreement or similar agreement or arrangement to which Richmond
or the Company or any of their respective subsidiaries is a party or in
accordance with applicable Law, from the date of this Agreement until the
earlier of (A) the termination of the Merger Agreement and (B) the Effective
Time, Richmond shall cause LNM and it subsidiaries to: (i) provide to the
Company and the Company's Representatives access at reasonable times upon prior
notice to the officers, employees, agents, properties, offices and other
facilities of LNM and its subsidiaries and to the books and records thereof and
(ii) furnish promptly to the Company such information concerning the business,
properties, contracts, assets, liabilities, personnel and other aspects of LNM
and its subsidiaries as is reasonably necessary in order for the Company to
perform due diligence review with respect to representations, warranties and
covenants provided to the Company pursuant to the Merger Agreement.

                  4. Non-Survival of  Representations,  Warranties.  The
representations  and warranties in this letter  agreement shall terminate at the
Effective Time.

                  5. Parties in Interest. This letter agreement shall be binding
upon and inure solely to the benefit of each party hereto, and nothing in this
letter agreement, express or implied, is intended to or shall confer upon any
other person any right, benefit or remedy of any nature whatsoever under or by
reason of this letter agreement.

                  6. Severability. If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced by any rule of law,
or public policy, all other conditions and provisions of this letter agreement
shall nevertheless remain in full force and effect so long as the economic or
legal substance of the transactions contemplated hereby is not affected in any
manner materially adverse to any party. Upon such determination that any term or
other provision is invalid, illegal or incapable of being enforced, the parties
hereto shall negotiate in good faith to modify this letter agreement so as to
effect the original intent of the parties as closely as possible in a mutually
acceptable manner in order that the transactions contemplated hereby be
consummated as originally contemplated to the fullest extent possible.

                                       2

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                  7. Specific Performance. The parties hereto agree that
irreparable damage would occur in the event any provision of this letter
agreement were not performed in accordance with the terms hereof, in addition to
any other remedy at law or equity.

                  8. Entire Agreement; Assignment. This letter agreement
constitutes the entire agreement among the parties with respect to the subject
matter hereof and supersedes all prior agreements and undertakings, both written
and oral, among the parties, or any of them, with respect to the subject matter
hereof. This letter agreement shall not be assigned (whether pursuant to a
merger, by operation of law or otherwise).

                  9. Governing Law. This letter agreement shall be governed by,
and construed in accordance with, the laws of the State of New York applicable
to contracts executed in and to be performed in that State (other than those
provisions set forth herein that are required to be governed by the DGCL). All
actions and proceedings arising out of or relating to this letter agreement
shall be heard and determined exclusively in any New York state or federal court
sitting in the Borough of Manhattan of The City of New York. The parties hereto
hereby (a) submit to the exclusive jurisdiction of any state or federal court
sitting in the Borough of Manhattan of The City of New York for the purpose of
any Action arising out of or relating to this letter agreement brought by any
party hereto and (b) irrevocably waive, and agree not to assert by way of
motion, defense, or otherwise, in any such Action, any claim that it is not
subject personally to the jurisdiction of the above-named courts, that its
property is exempt or immune from attachment or execution, that the Action is
brought in an inconvenient forum, that the venue of the Action is improper, or
that this letter agreement or the transactions contemplated hereby may not be
enforced in or by any of the above-named courts.

                  10. Headings. The descriptive headings contained in this
Agreement are included for convenience of reference only and shall not affect in
any way the meaning or interpretation of this letter agreement.

                  11. Amendment. This letter agreement may not be amended or
modified except (a) by an instrument in writing signed by each of the parties
hereto or (b) by a waiver in accordance with paragraph 11 hereof.

                  11. Extension; Waiver. Any party hereto may (a) extend the
time for the performance of any obligation or other act of any other parties
hereto, (b) waive any inaccuracy in the representations and warranties of any
other party contained herein or in any document delivered pursuant hereto and
(c) waive compliance with any agreement of any other party or any condition to
its own obligations contained herein. Any such extension or waiver shall be
valid if set forth in an instrument in writing signed by the party or parties to
be bound thereby.

                           [SIGNATURE PAGE TO FOLLOW]

                                        3

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                                       Very truly yours,

                                       RICHMOND INVESTMENT HOLDINGS LIMITED

                                       BY: /s/ Sudhir Maheshwari
                                           -------------------------------------
                                           Name:  Sudhir Maheshwari
                                           Title:  Director

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ACCEPTED AND AGREED:

INTERNATIONAL STEEL GROUP INC.

By: /s/ Rodney B. Mott
   ---------------------------------------------
     Name:  Rodney B. Mott
     Title:  President & Chief Executive Officer<PAGE>
                                                                    Exhibit 10.1

                               ABERCROMBIE & FITCH

October 20, 2004

Tom Mendenhall
XXXXXXXXXXXXXXX
XXXXXXXXXXXXXXX

Dear Tom:

We are thrilled that you are considering joining us here at Abercrombie & Fitch,
and we are excited to extend the following offer of employment:

POSITION                               Sr. Vice President & General Manager -
                                       Abercrombie & Fitch and abercrombie

BASE SALARY                            $700,000 annually

                                       You will be reviewed in March, 2006 and
                                       at least annually thereafter, with annual
                                       salary adjustments based on:

                                            (1)  Your performance
                                            (2)  Economic factors (i.e. business
                                                 conditions, inflation, job
                                                 market, etc.)

SIGN-ON BONUS                          Upon hire, Abercrombie & Fitch will
                                       pay you a one-time bonus payment of
                                       $50,000. This bonus payment will be made
                                       along with your first regular paycheck.

                                       If you voluntarily resign from A&F during
                                       your first 12 months of employment, or
                                       are terminated for gross misconduct, you
                                       will be required to reimburse the Company
                                       for the full amount of the bonus.

INCENTIVE BONUS COMPENSATION           You will be eligible to participate in
                                       our Incentive Compensation (cash bonus)
                                       Program at a target payout level of 50%
                                       of your annual base earnings, with a
                                       maximum payout of 100% of your annual
                                       base earnings. At the income level quoted
                                       in this offer, your target annual payout
                                       is $350,000, and your maximum annual
                                       payout is $700,000.

                                       -    Incentive Compensation is paid in
                                            two installments during the year
                                            (40% in August and 60% in February).
                                            Your first Incentive Compensation
                                            payout will occur in February, 2005
                                            and will be pro rated based on your
                                            date of hire.
                                       -    All Incentive Compensation (IC)
                                            payouts are based on Abercrombie and
                                            Fitch's profit results and can vary
                                            from zero (0) to a maximum of double
                                            your target level.

STOCK OPTIONS                          Upon hire you will receive stock options
                                       covering 75,000 Abercrombie & Fitch
                                       shares of Class A common stock. The
                                       options will be valued according to the
                                       closing price of A&F Class A common stock
                                       on the New York Stock Exchange (NYSE) on
                                       your date of hire as a regular, full-time
                                       employee.

                                       Stock Options are exercisable on each
                                       anniversary date of the grant in
                                       accordance with the following vesting
                                       schedule:

                                       Year 1    Year 2    Year 3    Year 4
                                       ------    ------    ------    ------
                                         25%       25%       25%        25%

  P.O. BOX 182168, COLUMBUS, OH 43218 - TEL (614) 283-6500 - FAX (614) 283-6565

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RESTRICTED STOCK GRANT                 Upon your date of hire you will receive
                                       15,000 Abercrombie & Fitch shares of
                                       restricted stocks. These shares are also
                                       exercisable on each anniversary date of
                                       the grant in accordance with the
                                       following 4 year vesting schedule:

                                       Year 1    Year 2    Year 3    Year 4
                                       ------    ------    ------    ------
                                         10%       20%       30%        40%

SEVERANCE IN THE EVENT OF              If Abercrombie & Fitch terminates your
TERMINATION                            employment for any reason (excluding
                                       resignation or termination for cause)
                                       within 12 months of your start date, the
                                       Company agrees to provide salary
                                       continuance for a period of 12 months
                                       from the termination date.

401(k) QUALIFIED SAVINGS PLAN          After 1 year of employment, you will be
                                       eligible to participate in the
                                       Abercrombie & Fitch Qualified 401(k)
                                       Savings Plan. As a participant in this
                                       plan, you will be eligible to defer up to
                                       50% of your base salary and bonus, or up
                                       to the IRS maximum annual deferral limit
                                       of $13,000, whichever is less. The first
                                       3% of your base salary and bonus that you
                                       defer into this plan (up to the IRS
                                       maximum considered compensation of
                                       $205,000) will be matched by A&F at 100%.
                                       The next 2% of your base salary and bonus
                                       that you defer into this plan will be
                                       matched at 50%. At the base salary and
                                       target bonus quoted in this offer, and
                                       assuming at least a 5% base salary and
                                       target bonus deferral into the plan, this
                                       would result in an annual company match
                                       of $8,200.

A&F QUALIFIED RETIREMENT PLAN          Also after 1 year of employment, you will
                                       eligible to participate in the
                                       Abercrombie & Fitch Qualified Retirement
                                       Plan. As a participant in this plan, you
                                       will be eligible to receive an annual
                                       retirement plan contribution from the
                                       company equal to 5% of your annual base
                                       pay below the Social Security wage base
                                       of $87,900, and 8% of the remainder of
                                       your base pay which is above the social
                                       security wage base, but below $205,000.
                                       At the base salary quoted in this offer,
                                       this would result in a total annual
                                       qualified retirement plan contribution of
                                       $13,763.

A&F NON-QUALIFIED SAVINGS PLAN         After 30 days of employment, you will be
                                       eligible to participate in the
                                       Abercrombie & Fitch Non-Qualified Savings
                                       Plan. This Plan will allow you to defer
                                       up to 75% of your base salary each year,
                                       and up to 100% of your bonus. The company
                                       will match the first 3% that you defer on
                                       a dollar for dollar basis. At the base
                                       salary quoted in this offer, this would
                                       result in a company match of $31,500 on a
                                       3% base and target bonus deferral.

A&F NON-QUALIFIED RETIREMENT PLAN      After 1 year of employment, you will be
                                       eligible to participate in the
                                       Abercrombie & Fitch Non-Qualified
                                       Retirement Plan. As a participant in this
                                       plan, you will be eligible to receive an
                                       annual retirement plan contribution from
                                       the company equal to 8% of your annual
                                       base pay which exceeds the IRS Qualified
                                       Plan compensation limit of $205,000. You
                                       will also receive a "make-up" match in
                                       this plan equal to the company match that
                                       you forfeit in the 401(k) Qualified
                                       Savings Plan due to the IRS Qualified
                                       Plan compensation limit of $205,000. At
                                       the base salary quoted in this offer,
                                       this would result in an annual
                                       Non-Qualified Retirement Plan
                                       contribution of $73,400.

MEDICAL, DENTAL, LIFE &                On your 31st calendar day of employment,
DISABILITY INSURANCE                   you will be eligible to participate in
                                       our Medical, Dental, Life & Disability
                                       Insurance plans. The current employee
                                       contribution required for all of these
                                       benefits combined is as follows:

                                            Single Coverage       $10 per week
                                            Single (+) One        $20 per week
                                            Family Coverage       $30 per week

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FLEXIBLE SPENDING ACCOUNT (FSA)        On your 31st day of employment, you will
                                       be eligible to participate in A&F's
                                       Flexible Spending Account (FSA) plan.
                                       FSA's allow you to save money by paying
                                       for certain healthcare and childcare
                                       expenses with pre-tax dollars via
                                       automatic payroll deductions.

EMPLOYEE ASSISTANCE PROGRAM            On your 31st calendar day of employment,
                                       you will automatically be enrolled in our
                                       Employee Assistance Program. The EAP
                                       gives you or any covered dependents
                                       access to free, confidential
                                       psychological, financial, or legal
                                       counseling through our EAP provider,
                                       Matrix Psychological Services. Up to 6
                                       free visits, per specific issue, are
                                       available through the EAP.

A&F GYM                                Effective upon hire, you will be eligible
                                       to join The A&F Gym, our state of the art
                                       8,000 square foot on-site fitness
                                       facility. The cost of membership is only
                                       $10 per month, which is paid via
                                       automatic payroll deduction after you
                                       enroll.

EXECUTIVE LIFE INSURANCE               You will be eligible to receive group
INSURANCE                              term life insurance equal to 4 times
                                       your base annual salary (maximum of
                                       $2,000,000 coverage).

MERCHANDISE DISCOUNT                   You will receive a discount of 40% on
                                       qualified purchases at all Abercrombie &
                                       Fitch, abercrombie, & Ruehl stores. You
                                       will also receive a discount of 30% on
                                       qualifying purchases at all Hollister Co.
                                       stores.

VACATION/PERSONAL HOLIDAYS             Beginning 1/1/2005, you will be eligible
                                       for 20 vacation days (four weeks) and
                                       three personal days annually. Additional
                                       vacation time accrues based on your
                                       length of service with the company. At
                                       the beginning of your 6th calendar year
                                       of employment with the company, you will
                                       receive an additional week of vacation.
                                       Total vacation eligibility at Abercrombie
                                       & Fitch is capped at 25 days (five
                                       weeks). Abercrombie & Fitch also grants 8
                                       paid holidays to all home office
                                       associates annually.

Tom, as you review this information, please call me to clarify any issues. We
look forward to welcoming you to the A&F team.

Sincerely,

/s/ Mike Jeffries

Mike Jeffries
Chairman and CEO

I accept Abercrombie & Fitch's offer of employment as outlined in this letter,
and I am returning a signed copy to Human Resources.

/s/ Tom Mendenhall                                           10/22/2004
------------------------                            --------------------------
Tom Mendenhall                                      Date

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