Document:

exv4w13

 

EXHIBIT
-4.13

EIGHTH SUPPLEMENTAL INDENTURE

     EIGHTH SUPPLEMENTAL INDENTURE dated as of December 28, 2007 (this “Supplemental
Indenture”) among ArcelorMittal Financial Services LLC, a Delaware limited liability company
(the “Successor Issuer”), the Guarantors and LASALLE BANK NATIONAL ASSOCIATION, as Trustee
(the “Trustee”).

RECITALS

     WHEREAS, Ispat Inland ULC, a Nova Scotia unlimited company (the “Issuer”), the
Guarantors and the Trustee have entered into an Indenture dated as of March 25, 2004, as
supplemented by the Supplemental Indentures dated as of September 16, 2004, March 14, 2005,
December 31, 2005, December 31, 2005, December 31, 2006, September 3, 2007 and November 13, 2007
(as so supplemented, the “Indenture”); and

     WHEREAS, the Successor Issuer desires to assume the obligations of the Issuer under the
Indenture as the result of a Permitted Finco Collapse Transaction as provided for in, and permitted
by, the Indenture.

     NOW, THEREFORE, each party agrees as follows:

ARTICLE 1

ASSUMPTION OF INDENTURE OBLIGATIONS

     The Successor Issuer, pursuant to paragraph (f) of the definition of “Permitted
Finco Collapse Transaction” contained in, and clause (2) of Section 8.01 of,
the Indenture, hereby assumes all of the obligations of the Issuer under the Indenture, and the
term the “Issuer” as used in the Indenture shall, from and after the date hereof, mean and refer to
the Successor Issuer.

ARTICLE 2

MISCELLANEOUS

     SECTION 2.1 This Supplemental Indenture is executed and shall be construed as an indenture
supplemental to the Indenture with respect to the Notes and, as provided in the Indenture, this
Supplemental Indenture forms a part thereof with respect to the Notes. Except as herein modified,
the Indenture is in all respects ratified and confirmed with respect to the Notes and all the
terms, provisions and conditions thereof shall be and remain in full force and effect with respect
to the Notes and every Holder of Notes shall be bound hereby. Except as expressly otherwise
defined, the use of the terms and expressions herein is in accordance with the definitions, uses
and constructions contained in the Indenture.

 

 

     SECTION 2.2 If any provision of this Supplemental Indenture limits, qualifies or conflicts
with any other provision hereof or of the Indenture that is required to be included in the
Indenture by any of the provisions of the TIA, such required provision shall control.

     SECTION 2.3 Unless otherwise indicated, capitalized terms used herein without definition
shall have the meanings specified therefor in Section 1.01 of the Indenture.

     SECTION 2.4 If any provision of this Supplemental Indenture shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

     SECTION 2.5 This Supplemental Indenture shall be construed in accordance with, and governed
by, the laws of the State of New York.

     SECTION 2.6 This Supplemental Indenture may be executed in any number of counterparts, each
of which shall be an original but such counterparts shall together constitute but one and the same
instrument.

     SECTION 2.7 This Supplemental Indenture shall become effective as of the date first above
written.

[Remainder of page intentionally left blank]

2

 

     IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be executed as of
the date first above written.

	 	 	 	 	 
	 	ARCELORMITTAL FINANCIAL SERVICES LLC,

as Successor Issuer

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Manager 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL S.A. (formerly,

Mittal Steel Company N.V.), as Guarantor

 	 
	 	By:  	/s/  A. Mittal
 	 
	 	 	Name:  	A. Mittal 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                              /s/  Simon Evans
 	 
	 	 	Name:  	Simon Evans 	 
	 	 	Title:  	Group General Counsel 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL USA INC.

(formerly, Mittal Steel USA Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL PARTNERSHIP

(formerly, Mittal Steel USA Partnership), as Guarantor

 	 
	 	By:  	Mittal Canada Inc., a partner
 	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                              /s/  Daniel D’Auteuil
 	 
	 	 	Name:  	Daniel D’Auteuil 	 
	 	 	Title:  	Treasurer 	 
	 

S-1

 

	 	 	 	 	 
	 	3019693 NOVA SCOTIA U.L.C.,

as Guarantor

 	 
	 	By:  	/s/  Benoit Alain
 	 
	 	 	Name:  	Benoit Alain 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL FINANCE LLC

(formerly, Mittal Steel USA — Finance LLC), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Manager 	 
	 

	 	 	 	 	 
	 	BURNHAM TRUCKING COMPANY, INC.,

as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL USA INCOAL INC.

(formerly, Incoal Company), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL MINORCA MINE INC.

(formerly, Mittal Steel USA — Minorca Mine Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

S-2

 

	 	 	 	 	 
	 	ARCELORMITTAL SERVICE INC.

(formerly, Mittal Steel USA Service Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL CLEVELAND INC.

(formerly, ISG Cleveland Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL WEIRTON INC.

(formerly, ISG Weirton Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL HENNEPIN INC.

(formerly, ISG Hennepin Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL INDIANA HARBOR INC.

(formerly, ISG Indiana Harbor Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL WARREN INC. 

(formerly, ISG Warren Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

S-3

 

	 	 	 	 	 
	 	ARCELORMITTAL RIVERDALE INC.

(formerly, ISG Riverdale Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	MITTAL STEEL USA — VENTURE INC.

(formerly, ISG Venture Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL PLATE LLC

(formerly, ISG Plate LLC), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ISG SPARROWS POINT LLC,

as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL STEELTON LLC 

(formerly, ISG Steelton LLC), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

S-4

 

	 	 	 	 	 
	 	ARCELORMITTAL LACKAWANNA LLC

(formerly, ISG Lackawanna LLC), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL BURNS HARBOR LLC 

(formerly, ISG Burns Harbor LLC), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL COLUMBUS LLC 

(formerly, ISG Columbus Coatings LLC), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL GEORGETOWN INC.

(formerly, ISG Georgetown Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	MITTAL STEEL USA — RAILWAYS INC.

(formerly, ISG Railways Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL HIBBING INC.

(formerly, ISG Hibbing Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

S-5

 

	 	 	 	 	 
	 	HIBBING TACONITE HOLDING INC.,

as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ISG ACQUISITION INC.,

as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL REAL ESTATE INC. 

(formerly, ISG Real Estate Inc.), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	VP, Finance and Chief Accounting Officer 	 
	 

	 	 	 	 	 
	 	ARCELORMITTAL TOW PATH VALLEY BUSINESS PARK DEVELOPMENT COMPANY

(formerly, Tow Path Valley Business Park Development Company), as Guarantor

 	 
	 	By:  	/s/  Thomas A. McCue
 	 
	 	 	Name:  	Thomas A. McCue 	 
	 	 	Title:  	Treasurer 	 
	 

	 	 	 	 	 
	 	LASALLE BANK NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	/s/  Frank A. Pierson
 	 
	 	 	Name:  	Frank A. Pierson 	 
	 	 	Title:  	Assistant Vice President 	 
	 

S-6exv4w15

 

EXHIBIT
-4.15

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LIEN AND SECURITY INTEREST GRANTED TO THE
TRUSTEE PURSUANT TO THIS AGREEMENT AND THE EXERCISE OF ANY RIGHT OR REMEDY BY THE TRUSTEE HEREUNDER
ARE SUBJECT TO THE PROVISIONS OF THE INTERCREDITOR AND LIEN SUBORDINATION AGREEMENT, DATED AS OF
MARCH 25, 2004 (AS AMENDED, SUPPLEMENTED OR OTHERWISE MODIFIED FROM TIME TO TIME) AMONG LASALLE
BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR CERTAIN SECURED PARTIES, ISPAT INLAND FINANCE, LLC, ISPAT
INLAND INC., ANY CREDIT PARTIES PARTY THERETO, AND GENERAL ELECTRIC CAPITAL CORPORATION, AS AGENT
FOR CERTAIN LENDERS.

SECURITY AGREEMENT

     SECURITY AGREEMENT, dated as of March 25, 2004 (this “Security Agreement”), between
ISPAT INLAND INC., a Delaware corporation (the “Company” and, together with each other
Person becoming party to this Security Agreement by executing a joinder agreement in the form of
Exhibit B hereto, each a “Grantor” and collectively the “Grantors”), and LASALLE
BANK NATIONAL ASSOCIATION as Trustee (in such capacity, the “Trustee”) for the Secured
Parties (as defined below).

W
I T N E S S E
T H:

     WHEREAS, reference is made to the Indenture dated as the date hereof (as amended, supplemented
or otherwise modified from time to time, the “Indenture”), among Ispat Inland ULC (the
“Issuer”), Ispat International N.V., the Company, the guarantors from time to time party
thereto, and the Trustee.

     WHEREAS, pursuant to the Indenture, the Issuer has issued its Senior Secured Floating Rate
Notes due 2010 in the aggregate principal amount of $150,000,000 (the “Floating Rate
Notes”) and 9 3/4% Senior Secured Notes due 2014 in the aggregate principal amount of
$650,000,000 (the “Fixed Rate Notes” and together with the Floating Rate Notes and any
Additional Notes (as defined in the Indenture) following the date hereof, the “Notes”).
Each Grantor has agreed to guarantee, among other things, all the obligations of the Issuer under
the Indenture. The obligations of the initial purchasers of the Notes being issued on the date
hereof to purchase such Notes are conditioned upon, among other things, the execution and delivery
by the Grantors of this Security Agreement in the form hereof to secure each Grantor’s Note
Guarantee of (a) the due and punctual payment of (i) the principal of and premium, if any, and
interest (including interest accruing during the pendency of any bankruptcy, insolvency,
receivership or other similar proceeding, regardless of whether allowed or allowable in such
proceeding) on the Notes, when and as due, whether at maturity, by acceleration, upon one or more
dates set for prepayment or otherwise, and (ii) all other monetary obligations, including fees,
costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise
(including monetary obligations incurred during the pendency of any bankruptcy, insolvency,
receivership or other similar proceeding, regardless of whether allowed or allowable in such
proceeding), of the Issuer to the Secured Parties under the Indenture and the Notes and other
documents executed in connection with the Indenture (collectively, the “Indenture
Documents”), and (b) the due and punctual performance of all covenants, agreements, obligations
and liabilities of the other Parties under or pursuant to the Indenture and the other Indenture
Documents (all the monetary and other obligations referred to in the preceding clauses (a) and (b)
being referred to collectively as the “Obligations”). “Secured Parties” as used
herein shall mean the holders from time to time of the Notes, the Trustee, and the successors and
assigns of each of the foregoing.

 

 

     WHEREAS, in order to induce Trustee to enter into the Indenture Documents and to induce the
initial purchaser of the Notes being issued on the date hereof to purchase such Notes, each Grantor
has agreed to grant a continuing Lien on the Collateral (as hereinafter defined) to secure the
Obligations;

     WHEREAS, the Grantors have previously granted the lenders under the GECC Credit Agreement (as
defined in the Indenture) (together with any successor facility secured a Permitted Inventory
Collateral Lien, the “Working Capital Credit Agreement”) a security interest in the
Collateral;

     NOW, THEREFORE, the Grantors and the Trustee, on behalf of itself and each Secured Party (and
each of their respective successors or assigns), hereby agree as follows:

1. DEFINED TERMS.

     (a) All other terms contained in this Security Agreement, unless the context indicates
otherwise, have the meanings provided for by the Code to the extent the same are used or
defined therein.

     (b) “Uniform Commercial Code jurisdiction” means any jurisdiction that has adopted all
or substantially all of Article 9 as contained in the 2000 Official Text of the Uniform
Commercial Code, as recommended by the National Conference of Commissioners on Uniform State
Laws and the American Law Institute, together with any subsequent amendments or
modifications to the Official Text.

     (c) The following shall have (unless otherwise provided elsewhere in this Agreement)
the following respective meanings (such meanings being equally applicable to both the
singular and plural form of the terms defined):

     “Code” means the Uniform Commercial Code as the same may, from time to time, be
enacted and in effect in the State of New York; provided, that in the event that, by reason
of mandatory provisions of law, any or all of the attachment, perfection or priority of, or
remedies with respect to, Trustee’s Lien on any Collateral is governed by the Uniform Commercial
Code as enacted and in effect in a jurisdiction other than the State of New York, the term
“Code” shall mean the Uniform Commercial Code as enacted and in effect in such other
jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection,
priority or remedies and for purposes of definitions related to such provisions.

     “Excluded Subsidiary” means Ispat Inland Mining Company, a Delaware corporation.

     “Lien” has the meaning given such term in the Indenture.

     “Note Default” shall mean a Default, as such term is defined in the Indenture.

     “Note Event of Default” shall mean an Event of Default, as such term is defined in the
Indenture.

     “Note Termination Date” means the first date following the date of this Security
Agreement (i) when all the Obligations have been indefeasibly paid in full, (ii) the Indenture has
been discharged pursuant to Section 9.01 of the Indenture or (iii) a legal defeasance has occurred
pursuant to Section 9.02 of the Indenture or a covenant defeasance has occurred pursuant to Section
9.03 of the Indenture.

     “Permitted Inventory Collateral Liens” has the meaning given such term in the
Indenture.

     “Permitted Liens” has the meaning given such term in the Indenture.

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     “Receivables and Related Assets” has the meaning given such term in the Indenture.

     “Receivables Securitization Facility” means the Receivables Securitization Facility
(as defined in the Working Capital Credit Agreement) and any other receivables securitization
facility of any Securitization Subsidiary (as defined in the Indenture).

     “Subsidiary” has the meaning given such term in the Inventory.

     “Working Capital Agent” means, (i) with respect to the Working Capital Credit Facility
in effect on the date hereof, General Electric Capital Corporation, as agent for the lenders
thereunder and (ii) with respect to any other Working Capital Credit Facility, the agent for the
lenders under such Working Capital Credit Facility.

     “Working Capital Loan Documents” shall mean Loan Documents, as such term is defined in
the Working Capital Credit Agreement.

     “Working Capital Security Agreement” shall mean the “Security Agreement”, as such term
is defined in the Working Capital Credit Agreement.

     2. GRANT OF LIEN. To secure the prompt and complete payment, performance and
observance of all of the Obligations, each Grantor hereby grants to Trustee, for itself and the
benefit of each of the other Secured Parties, a security interest in all of such Grantor’s right,
title and interest in, to and under the following personal property and other assets, whether now
owned by or owing to, or hereafter acquired by or arising in favor of, such Grantor (including
under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or
leased from or to, such Grantor, and regardless of where located (all of which being hereinafter
collectively referred to as the “Collateral”):

     (i) all Inventory;

     (ii) all Documents, books and records relating to the Inventory;

     (iii) all tort claims, insurance claims and other claims, causes of action or rights to
payments relating to the Inventory; and

     (iv) all products of any of the foregoing and all substitutions, replacements,
accessions, products and Proceeds (including insurance proceeds) of any of the foregoing;

provided that, notwithstanding the foregoing, the Collateral shall not extend to any
Receivables and Related Assets other than any right to payment in respect of Inventory which is not
an Account.

     3. TRUSTEE’S AND SECURED PARTIES’ RIGHTS; LIMITATIONS ON TRUSTEE’S AND SECURED PARTIES’
OBLIGATIONS. It is expressly agreed by each Grantor that, anything herein to the contrary
notwithstanding, each Grantor shall remain liable under each of its contracts and each of its
licenses, in each case to the extent relating to the Collateral, to observe and perform all the
conditions and obligations to be observed and performed by it thereunder. Neither Trustee nor any
other Secured Party shall have any obligation or liability under any such contract or license by
reason of or arising out of this Security Agreement or the granting herein of a Lien on the
Collateral or the receipt by Trustee or any other Secured Party of any payment relating to any such
contract or license pursuant hereto. Neither Trustee nor any other Secured Party shall be required
or obligated in any manner to perform or fulfill any of the obligations of any Grantor under or
pursuant to any such contract or license, or to make any payment, or to make any inquiry as to the
nature or the sufficiency of any payment

-3-

 

received by it or the sufficiency of any performance by
any party under any such contract or license, or to
present or file any claims, or to take any action to collect or enforce any performance or the
payment of any amounts which may have been assigned to it or to which it may be entitled at any
time or times.

4. REPRESENTATIONS AND WARRANTIES. Each Grantor represents and warrants that:

     (a) Such Grantor has rights in and the power to transfer each item of the Collateral
upon which it purports to grant a Lien hereunder free and clear of any and all Liens other
than Permitted Inventory Collateral Liens.

     (b) No effective security agreement, financing statement, equivalent security or Lien
instrument or continuation statement covering all or any part of the Collateral is on file
or of record in any public office, except such as may have been filed (i) by such Grantor in
favor of Trustee pursuant to this Security Agreement or the other Indenture Documents or
(ii) as otherwise permitted by clause (a).

     (c) This Security Agreement is effective to create a valid and continuing Lien on and,
upon the timely filing of the appropriate financing statements in the filing offices listed
on Schedule III hereto (or, with respect to any Grantor that becomes a party hereto
through the execution of a joinder agreement, on such joinder agreement), a perfected Lien
in favor of Trustee, for itself and the benefit of the other Secured Parties, in the
jurisdictions of such filings and to the extent of such filings, on the Collateral with
respect to which a Lien may be perfected by filing pursuant to the Code; provided,
that the Lien of the Trustee on any Collateral that is not located in the United States or
the Province of Ontario, Canada need not be perfected by the filing of a financing statement
or otherwise. All such perfected Liens are prior to all other Liens, except Permitted
Inventory Collateral Liens, and (except as enforceability may be limited by: (i) applicable
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws
affecting the rights of creditors generally or (ii) general principles of equity (regardless
of whether considered in a proceeding in equity or at law)) is enforceable as such as
against any and all creditors of and purchasers from each Grantor (other than purchasers and
lessees thereof). As of the date of this Security Agreement, all action by each Grantor
necessary to protect and perfect such Lien on each item of the Collateral in which
perfection may be effected by filing of a financing statement has been duly taken except to
the extent otherwise permitted pursuant to the terms hereof or of the other Working Capital
Loan Documents. Notwithstanding anything herein to the contrary, the parties hereto hereby
acknowledge and agree that the perfection of Trustee’s security interest in the Collateral
shall be subject to the steps required to perfect the Working Capital Agent’s first priority
perfection therein.

     (d) Each Grantor’s name as it appears in official filings in the state of its in-
corporation or other organization, the type of entity of such Grantor (including
corporation, general or limited partnership or limited liability company), organizational
identification number issued by such Grantor’s state of incorporation or organization (or a
statement that no such number has been issued), such Grantor’s state of organization or
incorporation, the location of such Grantor’s chief executive office, principal place of
business, offices, all warehouses and premises where Collateral is located, and the
locations of its material books and records concerning the Collateral are set forth on
Schedule I hereto. Each Grantor has only one state of incorporation or
organization. Upon written request from the Trustee, Schedule I shall be updated
from time to time to reflect changes in locations of all warehouses and premises where
Collateral is located.

-4-

 

     5. COVENANTS. Each Grantor covenants and agrees with Trustee, for the benefit of
Trustee and the other Secured Parties, that from and after the date of this Security Agreement and
until the Note Maturity Date:

     (a) Further Assurances: Pledge of Instruments: Chattel Paper.

     (i) At any time and from time to time, upon the written request of Trustee and at the
sole expense of such Grantor, such Grantor shall promptly and duly execute and deliver any
and all such further documentation and take such further actions as Trustee may deem
desirable to obtain the full benefits of this Security Agreement and of the rights and
powers herein granted, including (A) using its best efforts to secure all consents and
approvals necessary to enforce the security interests granted by it hereunder; and (B) if
requested by Trustee, filing any financing or continuation statements under the Code with
respect to the Liens granted hereunder as to those jurisdictions that are not Uniform
Commercial Code jurisdictions.

     (ii) Subject to the rights of the Working Capital Agent under the Working Capital
Security Agreement, such Grantor shall deliver to Trustee all Collateral consisting of
negotiable Documents, Chattel Paper and Instruments (in each case, accompanied by, allonges
or other instruments of transfer executed in blank) promptly after such Grantor receives the
same.

     (iii) Subject to the rights of the Working Capital Agent under the Working Capital
Security Agreement, such Grantor shall take all steps necessary to grant the Trustee control
of all electronic chattel paper constituting Collateral owned by it in accordance with the
Code and all “transferable records” (as defined in each of the Uniform Electronic
Transactions Act and the Electronic Signatures in Global and National Commerce Act)
constituting Collateral owned by it.

     (iv) Such Grantor hereby agrees to file, and agrees that the Trustee may file, if
instructed by the holders of Notes in accordance with the Indenture, any initial financing
statements and amendments thereto that (A) indicate the Collateral (regardless of whether
any particular assets comprised in the Collateral falls within the scope of Article 9 of the
Code of such jurisdiction) as being of an equal or lesser scope or with greater detail, and
(B) contain any other information required by part 5 of Article 9 of the Code for the
sufficiency or filing office acceptance of any financing statement or amendment, including
whether such Grantor is an organization, the type of organization and any organization
identification number issued to such Grantor. Such Grantor agrees to furnish evidence of
such filings to the Trustee promptly upon request.

     (v) Such Grantor shall promptly, and in any event within ten (10) Business Days after
the same is acquired by it, notify Trustee of any Commercial Tort Claim acquired by it if
such Commercial Tort Claim (i) constitutes Collateral and (ii) is in excess of $1,000,000.
Unless otherwise consented by Trustee, such Grantor shall enter into a supplement to this
Security Agreement, granting to Trustee a Lien in such commercial tort claim.

     (b) Maintenance of Records. Such Grantor shall keep and maintain, at its own
cost and expense, complete records of the Collateral, including a record of any and all
payments received and any and all credits granted with respect to the Collateral and all
other dealings with the Collateral. Each Grantor shall mark its books and records
pertaining to the Collateral to evidence this Security Agreement and the Liens granted
hereby. If any Grantor retains possession of any Collateral consisting of Chattel Paper or
Instruments with Trustee’s consent, such Chattel Paper and Instruments shall be marked by
such Grantor with the following legend: “This writing and the obligations evidenced or
secured hereby are subject to the security interest

-5-

 

of LaSalle Bank National Association, as Trustee, for the benefit of Trustee and
certain other Secured Parties”; provided that prior to the Termination Date, the
word “This” in such legend shall be deleted and replaced with the following: “Subject to
the prior security interest of the Working Capital Agent, this”.

     (c) Covenant. Other than in connection with transfers of Inventory and Related
Assets to a Securitization Subsidiary, the Company will not take any action or series of
actions for the primary purpose of causing a substantial portion of the Inventory used in
the businesses of the Company and its Subsidiaries to be owned by a Subsidiary of the
Company that has not granted a Lien in its Inventory to the Trustee for the benefit of the
Secured Parties, subject to Permitted Inventory Collateral Liens (it being agreed, that no
violation of this covenant shall be deemed to have occurred as a result of the Excluded
Subsidiary’s ownership of Inventory in the ordinary course of its business).

     (d) Compliance with Terms, etc. Except where the failure to do so is not
deemed material, individually or in the aggregate, each Grantor will perform and comply with
all its obligations in respect of the Collateral and all other agreements to which it is a
party or by which it is bound relating to the Collateral.

     (e) Limitation on Liens on Collateral. Such Grantor will not create, permit or
suffer to exist, and Grantors will defend the Collateral against, and take such other action
as is necessary to remove, any Lien on the Collateral except Permitted Inventory Collateral
Liens, and will defend the right, title and interest of Trustee and the other Secured
Parties in and to any of such Grantors’ rights under the Collateral against the claims and
demands of all persons whomsoever.

     (f) Limitations on Disposition. Such Grantors will not sell, license, lease,
transfer or otherwise dispose of any of its Collateral, or attempt or contract to do so
except as permitted by the Indenture.

     (g) Further Identification of Collateral; Collateral Reports. (i) Such Grantor
will, if so requested by Trustee, furnish to Trustee, as often as Trustee requests, after
reasonable advance notice, statements and schedules further identifying and describing its
Collateral and such other reports in connection with its Collateral as Trustee may
reasonably request, all in such detail as Trustee may reasonably specify.

     (ii) Such Grantor will, upon the occurrence and continuation of an Event of Default
under the Working Capital Credit Agreement or a Note Event of Default under the Indenture,
promptly furnish Trustee such reports (including Collateral Reports) in connection with the
Collateral as Trustee may reasonably request.

     (h) Notices. Such Grantor will advise Trustee promptly, in reasonable detail,
of any Lien or claim made or asserted against any of the Collateral, to the extent such Lien
is not permitted pursuant to clause (e).

     (i) No Reincorporation. No Grantor shall reincorporate or reorganize itself
under the laws of any jurisdiction other than the jurisdiction in which it is incorporated
or organized as of the date hereof unless such Grantor has taken such steps as may be
required to preserve the validity and priority of the Trustee’s Lien on the Collateral.

     (j) Termination; Amendments Not Authorized. Such Grantor acknowledges that it
is not authorized to file any amendment or termination statement with respect to any
financing

-6-

 

statement with respect to its Collateral filed for the benefit of the Trustee without
the prior written consent of Trustee and agrees that it will not do so without the prior
written consent of Trustee, subject to such Grantor’s rights under Section 9-509(d)(2) of
the Code and subject to the requirements of the TIA (as defined in the Indenture).

     (k) Authorized Terminations. On the Note Termination Date, Trustee shall take
the actions required by Section 15(b) hereof.

     6. TRUSTEE’S APPOINTMENT AS ATTORNEY-IN-FACT. Concurrently with the execution of this
Security Agreement (or, with respect to any Grantor that becomes a party hereto through the
execution of a joinder agreement, on the date of such joinder agreement) each Grantor shall execute
and deliver to Trustee a power of attorney (the “Power of Attorney”) substantially in the
form attached hereto as Exhibit A. The power of attorney granted pursuant to the Power of Attorney
is a power coupled with an interest and shall be irrevocable until the Note Termination Date. The
powers conferred on Trustee, for the benefit of Trustee and the other Secured Parties, under the
Power of Attorney are solely to protect Trustee’s interests (for the benefit of Trustee and the
other Secured Parties) in the Collateral and shall not impose any duty upon Trustee or any other
Secured Party to exercise any such powers. Trustee agrees that it shall not exercise any power or
authority granted under the Power of Attorney unless a Note Event of Default has occurred and is
continuing and the Termination Date has occurred, and (b) Trustee shall account for any moneys
received by Trustee in respect of any foreclosure on or disposition of Collateral pursuant to the
Power of Attorney; provided that none of Trustee or any other Secured Party shall have any
duty as to any Collateral, and Trustee and the other Secured Parties shall be accountable only for
amounts that they actually receive as a result of the exercise of such powers. NONE OF TRUSTEE,
THE OTHER SECURED PARTIES OR THEIR RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR
REPRESENTATIVES SHALL BE RESPONSIBLE TO GRANTORS FOR ANY ACT OR FAILURE TO ACT UNDER ANY POWER OF
ATTORNEY OR OTHERWISE, EXCEPT IN RESPECT OF DAMAGES ATTRIBUTABLE SOLELY TO THEIR GROSS NEGLIGENCE
OR WILLFUL MISCONDUCT AS FINALLY DETERMINED BY A COURT OF COMPETENT JURISDICTION, NOR FOR ANY
PUNITIVE, EXEMPLARY, INDIRECT OR CONSEQUENTIAL DAMAGES.

     7. REMEDIES; RIGHTS UPON DEFAULT.

     (a) Subject to the rights of the Working Capital Agent under the Working Capital Loan
Documents and the Intercreditor Agreement referred to in Section 25, in addition to
all other rights and remedies granted to it under this Security Agreement, the Indenture,
the other Indenture Documents and under any other instrument or agreement securing,
evidencing or relating to any of the Obligations, if any Note Event of Default shall have
occurred and be continuing, Trustee may exercise all rights and remedies of a secured party
under the Code. Without limiting the generality of the foregoing, each Grantor expressly
agrees that in any such event Trustee, without demand of performance or other demand,
advertisement or notice of any kind (except the notice specified below of time and place of
public or private sale) to or upon such Grantor or any other Person (all and each of which
demands, advertisements and notices are hereby expressly waived to the maximum extent
permitted by the Code and other applicable law), may forthwith enter upon the premises of
each Grantor where any Collateral is located through self-help, without judicial process,
without first obtaining a final judgment or giving any Grantor or any other Person notice
and opportunity for a hearing on Trustee’s claim or action and may collect, receive,
assemble, process, appropriate and realize upon the Collateral, or any part thereof, and may
forthwith sell, lease, license, assign, give an option or options to purchase, or sell or
otherwise dispose of and deliver said Collateral (or contract to do so), or any part
thereof, in one or more parcels at a public or private sale or sales, at any exchange at
such prices as it may

-7-

 

deem acceptable, for cash or on credit or for future delivery without assumption of any
credit risk. Trustee or any other Secured Party shall have the right upon any such public
sale or sales and, to the extent permitted by law, upon any such private sale or sales, to
purchase for the benefit of Trustee and the other Secured Parties, the whole or any part of
said Collateral so sold, free of any right or equity of redemption, which equity of
redemption Grantors hereby release to the extent not prohibited by the Code. Such sales may
be adjourned and continued from time to time with or without notice. Trustee shall have the
right to conduct such sales on any Grantor’s premises or elsewhere and shall have the right
to use Grantors’ premises without charge for such time or times as Trustee deems necessary
or advisable.

     If any Note Event of Default shall have occurred and be continuing, each Grantor further
agrees, at Trustee’s request, to assemble its Collateral and make it available to Trustee at a
place or places designated by Trustee which are reasonably convenient to Trustee and Grantors,
whether at Grantors’ premises or elsewhere. Until Trustee is able to effect a sale, lease, or
other disposition of Collateral, Trustee shall have the right to hold or use Collateral, or any
part thereof; to the extent that it deems appropriate for the purpose of preserving Collateral or
its value or for any other purpose deemed appropriate by Trustee. During the continuance of a Note
Event of Default, each Grantor shall permit the Trustee or any of its agents or designees to access
and use such Grantor’s property, plant and equipment to process Inventory, and each Grantor shall
use its best efforts to cause each party (other than labor unions unless such unions have any
rights under their security documents to interfere with such access) with security interests in
such property, plant or equipment (other than the continuous caster currently pledged to the PBGC)
to provide its consent for such access. Trustee may, if it so elects, seek the appointment of a
receiver or keeper to take possession of Collateral and to enforce any of Trustee’s remedies (for
the benefit of Trustee and the other Secured Parties), with respect to such appointment without
prior notice or hearing as to such appointment. Trustee shall apply the net proceeds of any such
collection, recovery, receipt, appropriation, realization or sale to the Obligations as provided in
the Indenture and the Intercreditor Agreement, described in Section 25, and only after so paying
over such net proceeds, and after the payment by Trustee of any other amount required by any
provision of law, need Trustee account for the surplus, if any, to Grantors. To the maximum extent
permitted by applicable law, each Grantor waives all claims, damages, and demands against Trustee
or any other Secured Party arising out of the repossession, retention or sale of the Collateral
except such as arise solely out of the gross negligence or willful misconduct of Trustee or such
other Secured Party (or their respective employees, agents or representatives) as finally
determined by a court of competent jurisdiction. Each Grantor agrees that ten (10) days’ prior
notice by Trustee of the time and place of any public sale or of the time after which a private
sale may take place is reasonable notification of such matters. Each Grantor shall remain liable
for any deficiency if the proceeds of any sale or disposition of the Collateral are insufficient to
pay all Obligations, including any reasonable attorneys’ fees and other reasonable expenses
incurred by Trustee or any other Secured Party to collect such deficiency.

     (b) Except as otherwise specifically provided herein, each Grantor hereby waives
presentment, demand, protest or any notice (to the maximum extent permitted by applicable
law) of any kind in connection with this Security Agreement or any Collateral.

     (c) To the extent that applicable law imposes duties on the Trustee to exercise
remedies in a commercially reasonable manner, each Grantor acknowledges and agrees that it
is not commercially unreasonable for the Trustee (i) to fail to incur expenses reasonably
deemed significant by the Trustee to prepare Collateral for disposition or otherwise to
complete raw material or work in process into finished goods or other finished products for
disposition, (ii) to fail to obtain third party consents for access to Collateral to be
disposed of, or to obtain or, if not required by other law, to fail to obtain governmental
or third party consents for the collection or disposition of Collateral to be collected or
disposed of, (iii) to fail to exercise collection remedies

-8-

 

against Account Debtors or other persons obligated on Collateral or to remove Liens on
or any adverse claims against Collateral, (iv) to exercise collection remedies against
Account Debtors and other persons obligated on Collateral directly or through the use of
collection agencies and other collection specialists, (v) to advertise dispositions of
Collateral through publications or media of general circulation, whether or not the
Collateral is of a specialized nature, (vi) to contact other persons, whether or not in the
same business as each Grantor, for expressions of interest in acquiring all or any portion
of such Collateral, (vii) to hire one or more professional auctioneers to assist in the
disposition of Collateral, whether or not the Collateral is of a specialized nature, (viii)
to dispose of Collateral by utilizing internet sites that provide for the auction of assets
of the types included in the Collateral or that have the reasonable capacity of doing so, or
that match buyers and sellers of assets, (ix) to dispose of assets in wholesale rather than
retail markets, (x) to disclaim disposition warranties, such as title, possession or quiet
enjoyment, (xi) to purchase reasonable amounts of insurance or credit enhancements to insure
the Trustee against risks of loss, collection or disposition of Collateral or to provide to
the Trustee a guaranteed return from the collection or disposition of Collateral, or (xii)
to the extent reasonably deemed appropriate by the Trustee, to obtain the services of other
brokers, investment bankers, consultants and other professionals to assist the Trustee in
the collection or disposition of any of the Collateral. Each Grantor acknowledges that the
purpose of this Section 7(c) is to provide non-exhaustive indications of what
actions or omissions by the Trustee would not be commercially unreasonable in the Trustee’s
exercise of remedies against the Collateral and that other actions or omissions by the
Trustee shall not be deemed commercially unreasonable solely on account of not being
indicated in this Section 7(c). Without limitation upon the foregoing, nothing
contained in this Section 7(c) shall be construed to grant any rights to Grantors or
to impose any duties on Trustee that would not have been granted or imposed by this Security
Agreement or by applicable law in the absence of this Section 7(c).

     (d) Neither the Trustee nor the other Secured Parties shall be required to make any
demand upon, or pursue or exhaust any of their rights or remedies against, any Grantor, any
other obligor, guarantor, pledgor or any other person with respect to the payment of the
Obligations or to pursue or exhaust any of their rights or remedies with respect to any
Collateral therefor or any direct or indirect guarantee thereof. Neither the Trustee nor
the other Secured Parties shall be required to marshal the Collateral or any guarantee of
the Obligations or to resort to the Collateral or any such guarantee in any particular
order, and all of its and their rights hereunder or under any other Indenture Document shall
be cumulative. To the extent it may lawfully do so, each Grantor absolutely and irrevocably
waives and relinquishes the benefit and advantage of, and covenants not to assert against
the Trustee or any other Secured Party, any valuation, stay, appraisement, extension,
redemption or similar laws and any and all rights or defenses it may have as a surety now or
hereafter existing which, but for this provision, might be applicable to the sale of any
Collateral made under the judgment, order or decree of any court, or privately under the
power of sale conferred by this Security Agreement, or otherwise.

     8. GRANT OF LICENSE TO USE INTELLECTUAL PROPERTY. For the purpose of enabling Trustee
to exercise rights and remedies under Section 7 hereof (including, without limiting the
terms of Section 7 hereof, in order to take possession of, hold, preserve, process,
assemble, prepare for sale, market for sale, sell or otherwise dispose of Collateral) at such time
as Trustee shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby
grants to Trustee, for the benefit of Trustee and the other Secured Parties, an irrevocable,
nonexclusive license (exercisable without payment of royalty or other compensation to such Grantor)
to use, license or sublicense any patents, trademarks, copyrights and licenses now owned or
hereafter acquired by such Grantor, and wherever the same may be located, and including in such
license access to all media in which any of the licensed items may be recorded or stored and to all
computer software and programs used for the compilation or printout thereof.

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Notwithstanding the above, no sublicense shall be given in any licenses owned by any Grantor
to the extent that such sublicense is prohibited by the underlying license.

     9. LIMITATION ON TRUSTEE’S AND SECURED PARTIES’ DUTY IN RESPECT OF COLLATERAL.
Trustee and each other Secured Party shall use reasonable care with respect to the Collateral in
its possession or under its control. Neither Trustee nor any other Secured Party shall have any
other duty as to any Collateral in its possession or control or in the possession or control of any
agent or nominee of Trustee or such other Secured Party, or any income thereon or as to the
preservation of rights against prior parties or any other rights pertaining thereto.

     10. REINSTATEMENT. This Security Agreement shall remain in full force and effect and
continue to be effective should any petition be filed by or against any Grantor for liquidation or
reorganization, should such Grantor become insolvent or make an assignment for the benefit of any
creditor or creditors or should a receiver or trustee be appointed for all or any significant part
of such Grantor’s assets, and shall continue to be effective or be reinstated, as the case may be,
if at any time payment and performance of the Obligations, or any part thereof is, pursuant to
applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any
obligee of the Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or
otherwise, all as though such payment or performance had not been made. In the event that any
payment on the Obligations, or any part thereof, is rescinded, reduced, restored or returned, the
Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded,
reduced, restored or returned.

     11. NOTICES. Except as otherwise provided herein, whenever it is provided herein that
any notice, demand, request, consent, approval, declaration or other communication shall or may be
given to or served upon any of the parties by any other party, or whenever any of the parties
desires to give and serve upon any other party any communication with respect to this Security
Agreement, each such notice, demand, request, consent, approval, declaration or other communication
shall be in writing and shall be given in the manner, and deemed received, as provided for in the
Indenture.

     12. SEVERABILITY. Whenever possible, each provision of this Security Agreement shall
be interpreted in a manner as to be effective and valid under applicable law, but if any provision
of this Security Agreement shall be prohibited by or invalid under applicable law, such provision
shall be ineffective to the extent of such prohibition or invalidity without invalidating the
remainder of such provision or the remaining provisions of this Indenture. This Security Agreement
is to be read, construed and applied together with the Indenture and the other Indenture Documents
which, taken together, set forth the complete understanding and agreement of Trustee, the other
Secured Parties and Grantors with respect to the matters referred to herein and therein.

     13. NO WAIVER; CUMULATIVE REMEDIES. Neither Trustee nor any other Secured Party shall
by any act, delay, omission or otherwise be deemed to have waived any of its rights or remedies
hereunder, and no waiver shall be valid unless in writing signed by Trustee and then only to the
extent therein set forth. A waiver by Trustee of any right or remedy hereunder on any one occasion
shall not be construed as a bar to any right or remedy which Trustee would otherwise have had on
any future occasion. No failure to exercise nor any delay in exercising on the part of Trustee or
any other Secured Party, 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 future exercise thereof or the exercise of any other right, power or
privilege. The rights and remedies hereunder provided are cumulative and may be exercised singly
or concurrently, and are not exclusive of any rights and remedies provided by law. None of the
terms or provisions of this Security Agreement may be waived, altered, modified or amended except
by an instrument in writing, duly executed by Trustee and each Grantor.

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     14. LIMITATION BY LAW. All rights, remedies and powers provided in this Security
Agreement may be exercised only to the extent that the exercise thereof does not violate any
applicable provision of law, and all the provisions of this Security Agreement are intended to be
subject to all applicable mandatory provisions of law that may be controlling and to be limited to
the extent necessary so that they shall not render this Security Agreement invalid, unenforceable,
in whole or in part, or not entitled to be recorded, registered or filed under the provisions of
any applicable law.

     15. TERMINATION OF THIS SECURITY AGREEMENT.

     (a) This Security Agreement and the security interests granted hereby shall terminate
on the Note Termination Date.

     (b) In connection with any termination or release pursuant to paragraph (a), the
Trustee shall execute and deliver to any Grantor, at such Grantor’s expense, all documents
that such Grantor shall reasonably request to evidence such termination or release. Any
execution and delivery of documents pursuant to this Section 15 shall be without recourse to
or warranty by the Trustee other than as to the termination of the Liens being released.

     16. SUCCESSORS AND ASSIGNS. This Security Agreement and all obligations of each
Grantor hereunder shall be binding upon the successors and assigns of such Grantor (including any
debtor-in-possession on behalf of such Grantor) and shall, together with the rights and remedies of
Trustee, for the benefit of Trustee and the other Secured Parties, hereunder, inure to the benefit
of Trustee and the other Secured Parties, all future holders of any instrument evidencing any of
the Obligations and their respective successors and assigns permitted under the Indenture. No
sales of participation, other sales, assignments, transfers or other dispositions of any agreement
governing or instrument evidencing the Obligations or any portion thereof or interest therein shall
in any manner impair the Lien granted to Trustee, for the benefit of Trustee and the other Secured
Parties, hereunder. Grantors may not assign, sell, hypothecate or otherwise transfer any interest
in or obligation under this Security Agreement except to the extent permitted under the Indenture.

     17. COUNTERPARTS. This Security Agreement may be authenticated in any number of
separate counterparts, each of which shall collectively and separately constitute one agreement.
This Security Agreement may be authenticated by manual signature, facsimile or, if approved in
writing by Agent, electronic means, all of which shall be equally valid.

     18. GOVERNING LAW. THIS SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     19. WAIVER OF JURY TRIAL. BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX
FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT
PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION
RULES), THE PARTIES DESIRE THAT DISPUTES ARISING HEREUNDER OR RELATING HERETO BE RESOLVED BY A
JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF
THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY
ACTION, SUIT OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR
OTHERWISE, AMONG TRUSTEE, SECURED PARTIES, AND GRANTORS ARISING OUT OF, CONNECTED WITH, RELATED TO,
OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED IN CONNECTION WITH, THIS SECURITY AGREEMENT

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OR ANY OF THE OTHER INDENTURE DOCUMENTS OR THE TRANSACTIONS RELATED HERETO OR THERETO.

     20. SECTION TITLES. The Section titles contained in this Security Agreement are and
shall be without substantive meaning or content of any kind whatsoever and are not a part of the
agreement between the parties hereto.

     21. NO STRICT CONSTRUCTION. The parties hereto have participated jointly in the
negotiation and drafting of this Security Agreement. In the event an ambiguity or question of
intent or interpretation arises, this Security Agreement shall be construed as if drafted jointly
by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any
party by virtue of the authorship of any provisions of this Security Agreement.

     22. ADVICE OF COUNSEL. Each of the parties represents to each other party hereto that
it has discussed this Security Agreement and, specifically, the provisions of Section 18
and Section 19, with its counsel.

     23. BENEFIT OF SECURED PARTIES. All Liens granted or contemplated hereby shall be for
the benefit of Trustee, individually, and the other Secured Parties, and all proceeds or payments
realized from Collateral in accordance herewith shall be applied to the Obligations in the order
specified in the Pledge Agreement.

     24. ADDITIONAL GRANTORS. The Company may, at its option, cause any of its
Subsidiaries to join this Security Agreement as a Grantor. Additionally, in the event that the
Subsidiaries of the Company that are organized under the laws of the United States of America, any
State thereof or the District of Columbia, other than the Excluded Subsidiary and any
Securitization Subsidiary (the “Domestic Subsidiaries”), collectively own at any time more
than 10% of the book value of the Inventory of the Company and its Subsidiaries on a consolidated
basis, the Company will cause each Domestic Subsidiary that owns any material Inventory to become a
party to this Security Agreement as a Grantor and to grant a security interest in all of the
Collateral owned by it to the Trustee for the benefit of the Secured Parties. Upon execution and
delivery after the date hereof of a supplement in the form of Exhibit B hereto, such Person
shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor
herein. The execution and delivery of any instrument adding an additional Grantor as a party to
this Security Agreement shall not require the consent of any Grantor hereunder, of the Company, of
Trustee or of any other Secured Party. The rights and obligations of each Grantor hereunder shall
remain in full force and effect notwithstanding the addition of any new Grantor as a party hereto.

     25. INTERCREDITOR AGREEMENT. The parties hereto acknowledge and agree that the
provisions hereof are subject to the Intercreditor and Lien Subordination Agreement, dated of even
date herewith, among Trustee, the Working Capital Agent, Ispat Inc., Ispat Inland Finance, LLC and
certain Subsidiaries of the Company.

[signature page follows]

-12-

 

     IN WITNESS WHEREOF. each of the parties hereto has caused thus Security Agreement to be
executed and delivered by its duly authorized officer as of the date first set forth above.

	 	 	 	 	 
	 	ISPAT INLAND INC.

 	 
	 	By:  	/s/ Michael G.  Rippey
 	 
	 	 	Name:  	Michael G.  Rippey 	 
	 	 	Title:  	Executive Vice President Commercial
and Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	LASALLE BANK NATIONAL ASSOCIATION

as Trustee

 	 
	 	By:  	/s/ Wayne M.  Evans
 	 
	 	 	Name:  	Wayne M.  Evans 	 
	 	 	Title:  	First Vice President 	 
	 

 

 

EXHIBIT A

POWER OF ATTORNEY

     This Power of Attorney is executed and delivered by [       ], a corporation
(“Grantor”) to LaSalle Bank National Association (hereinafter referred to as
“Attorney”), as Trustee for the benefit of Trustee and Secured Parties, under an Indenture
dated as of March 25, 2004 and a Security Agreement dated as of March 25, 2004, and other related
documents (the “Indenture Documents”). No person to whom this Power of Attorney is
presented, as authority for Attorney to take any action or actions contemplated hereby, shall be
required to inquire into or seek confirmation from Grantor as to the authority of Attorney to take
any action described below, or as to the existence of or fulfillment of any condition to this Power
of Attorney, which is intended to grant to Attorney unconditionally the authority to take and
perform the actions contemplated herein, and Grantor irrevocably waives any right to commence any
suit or action, in law or equity, against any person or entity which acts in reliance upon or
acknowledges the authority granted under this Power of Attorney. The power of attorney granted
hereby is coupled with an interest, and may not be revoked or canceled by Grantor without
Attorney’s written consent.

     Grantor hereby irrevocably constitutes and appoints Attorney (and all officers, employees or
agents designated by Attorney), with full power of substitution, as Grantor’s true and lawful
attorney-in-fact with full irrevocable power and authority in the place and stead of Grantor and in
the name of Grantor or in its own name, from time to time in Attorney’s discretion, to take any and
all appropriate action and to execute and deliver any and all documents and instruments which may
be necessary or desirable to accomplish the purposes of the Indenture Documents and, without
limiting the generality of the foregoing, Grantor hereby grants to Attorney the power and right, on
behalf of Grantor, without notice to or assent by Grantor, and at any time, to do the following:
(a) change the mailing address of Grantor, open a post office box on behalf of Grantor, open mail
for Grantor. and ask, demand, collect, give acquittances and receipts for, take possession of,
endorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts,
drafts against debtors, assignments, verifications, and notices in connection with any property of
Grantor; (b) effect any repairs to any asset of Grantor, or continue or obtain any insurance and
pay all or any part of the premiums therefor and costs thereof, and make, settle and adjust all
claims under such policies of insurance, and make all determinations and decisions with respect to
such policies; (c) pay or discharge any taxes, liens, security interests, or other encumbrances
levied or placed on or threatened against Grantor or its property; (d) defend any suit. action or
proceeding brought against Grantor if Grantor does not defend such suit, action or proceeding or if
Attorney believes that Grantor is not pursuing such defense in a manner that will maximize the
recovery to Attorney. and settle, compromise or adjust any suit, action, or proceeding described
above and, in connection therewith, give such discharges or releases as Attorney may deem
appropriate; (e) file or prosecute any claim, litigation, suit or proceeding in any court of
competent jurisdiction or before any arbitrator, or take any other action otherwise deemed
appropriate by Attorney for the purpose of collecting any and all such moneys due to Grantor
whenever payable and to enforce any other right in respect of Grantor’s property; (f) cause the
certified public accountants then engaged by Grantor to prepare and deliver to Attorney at any time
and from time to time, promptly upon Attorney’s request, the following reports: (1) a
reconciliation of all accounts, (2) an aging of all accounts, (3) trial balances, (4) test
verifications of such accounts as Attorney may request, and (5) the results of each physical
verification of inventory; (g) communicate in its own name with any party to any Contract with
regard to the assignment of the right, title and interest of Grantor in and under the Contracts and
other matters relating thereto; (h) to file such financing statements with respect to the Security
Agreement, with or without Grantor’s signature, or to file a photocopy of the Security Agreement in
substitution for a financing statement, as the Trustee may deem appropriate and to execute in
Grantor’s name such financing statements and amendments thereto and continuation statements which
may require Grantor’s

A-1

 

signature; and (i) execute, in connection with any sale provided for in any Indenture
Document, any endorsements, assignments or other instruments of conveyance or transfer with respect
to the Collateral and to otherwise direct such sale or resale, all as though Attorney were the
absolute owner of the property of Grantor for all purposes, and to do, at Attorney’s option and
Grantor’s expense, at any time or from time to time, all acts and other things that Attorney
reasonably deems necessary to perfect, preserve, or realize upon Grantor’s property or assets and
Attorney’s Liens thereon, all as fully and effectively as Grantor might do. Grantor hereby
ratifies, to the extent permitted by law, all that said Attorney shall lawfully do or cause to be
done by virtue hereof.

     IN WITNESS WHEREOF, this Power of Attorney is executed by Grantor, and Grantor has caused its
seal to be affixed pursuant to the authority of its board of directors this [     ] day of
[     ], 20___.

	 	 	 	 	 
	 	[GRANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

A-2

 

NOTARY PUBLIC CERTIFICATE

     On this [     ] day of [       ], 20___[officer’s name], who is personally known to me,
appeared before me in his/her capacity as the [title] of           (“Grantor”) and
executed on behalf of Grantor the Power of Attorney in favor of LaSalle Bank National Association,
as Trustee, to which this Certificate is attached.

	 	 	 	 	 
	 

	 	 

Notary Public
	 	 

A-3

 

EXHIBIT B

JOINDER AGREEMENT

     This
Joinder Agreement dated as of                     , 20___ is delivered pursuant to that certain
Security Agreement dated as of March 25, 2004 by and between Ispat Inland Inc., a Delaware
corporation, each other Grantor party thereto and LaSalle Bank National Association, as Trustee for
certain lenders (as amended, supplemented or modified from time to time, the “Security
Agreement”). The undersigned hereby: (a) agrees that on and after the date hereof it shall be
a “Grantor” under the Security Agreement and be obligated to perform all of the obligations of a
Grantor thereunder, (b) hereby makes the representations and warranties therein as of the date
first set forth above; provided that: (i) the applicable filing offices for purposes of
Section 4(c) of the Security Agreement shall be [      ], (ii) attached hereto is a schedule
of all Instruments owned by the undersigned necessary for purposes of Section 4(d) of the Security
Agreement and (iii) attached hereto is a schedule of all information required for Section 4(e) of
the Security Agreement, (iv) attached hereto is a Power of Attorney required by Section 7 of the
Security Agreement, (v) pursuant to Section 4(d) of the Security Agreement, attached hereto is a
Schedule II to the Security Agreement for the undersigned, and (vi) pursuant to Section 4(e) of the
Security Agreement, attached hereto is a Schedule I to the Security Agreement for the undersigned.

	 	 	 	 	 
	 	[GRANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

B-1

 

SCHEDULE I

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING THE COLLATERAL

	I.	 	Grantor’s official name:
	 
	 	 	          Isplat Inland Inc.
	 
	II.	 	Type of entity (e.g., corporation, partnership, business trust,
limited partnership, limited liability company):
	 
	 	 	          Corporation
	 
	III.	 	Organizational identification number issued by Grantor’s state of
incorporation or organization or a statement that no such number has
been issued:
	 
	 	 	0060028
	 
	IV.	 	State or Incorporation or Organization:
	 
	 	 	          Delaware
	 
	V.	 	Chief Executive Office and principal place of business:

          3210 Watling Street

          East Chicago, IN 46312

	VI.	 	Corporate Offices:

           3210 Watling Street

          East Chicago, IN 46312

	VII.	 	Warehouses:

           In addition to Inventory and Spares that are kept at 3210 Watling Street, East Chicago, IN
46312, the following types of Inventory are kept at the following warehouses and processors:

 

 

     A. Bar Products

EXTERNAL PROCESSING & STORAGE — BAR PRODUCTS

FACILITY LOCATIONS & PRODUCT TYPES

	 	 	 	 	 
	FACILITY NAME	 	PLANT ADDRESS	 	PRODUCT TYPE
	Bar Processing Corp.

	 	4527 Columbia 

Hammond, IN 46327
	 	HMS, CMS
	 
	 	 	 	 
	Bar Processing Corp.

	 	1601-33 Wentworth Ave.

Chicago Heights, IL 60411
	 	CMS
	 
	 	 	 	 
	Bar Processing Corp.

	 	13390 Cloverdale

Oak Park, MI 48237
	 	CMS
	 
	 	 	 	 
	Bar Processing Corp.

	 	22534 Groesbeck Hwy 

Warren, MI 48089
	 	CMS
	 
	 	 	 	 
	BCS Cuyahoga, LLC

	 	31000 Solon Rd.

Solon, OH 44139
	 	CMS
	 
	 	 	 	 
	BCS Metal Prep, LLC

	 	P.O. Box 37188

5800 Sterling Ave.

Maple Heights, OH 44137
	 	CMS
	 
	 	 	 	 
	Contours LTD.

	 	510 Collins Blvd.

P.O. Box 608

Orrville, OH 44667
	 	CMS
	 
	 	 	 	 
	Corey Steel

	 	P.O. Box 5137 

2800 S. 61st Court

Cicero, IL 60650
	 	HMS, CMS
	 
	 	 	 	 
	Denne Industries

	 	650 Sugar Lane 

Elyria, OH 44035
	 	CMS
	 
	 	 	 	 
	EMDE Warehousing & Processing

	 	86 North Bridge St.

Door 14

Gary, IN 46404
	 	HMS
	 
	 	 	 	 
	Federal Marine Terminals

	 	415 Salmon Dr.

Portage, IN 46368
	 	HMS
	 
	 	 	 	 
	General Stevedores, Inc.

	 	6125 Industrial Way

P.O. Box 9128

Houston, TX 77011
	 	CMS
	 
	 	 	 	 
	Good’s Rail & Trk Transfer

	 	7076 N. Main St.

Camden, OH 45311
	 	HMS
	 
	 	 	 	 
	Michigan Wire

	 	138 Water St.

Lowell, MI 49331
	 	HMS, CMS
	 
	 	 	 	 
	Miller Truck & Storage

	 	1111 South Elm Street

Jackson, MI 49201
	 	CMS
	 
	 	 	 	 
	MP Steel

	 	100 North Fairbanks Ave.

Holland, MI 49423
	 	HMS, CMS

- 2 -

 

	 	 	 	 	 
	FACILITY NAME	 	PLANT ADDRESS	 	PRODUCT TYPE
	Progressive Processing

	 	P.O. Box 1049

856 Garden St.

Elyria, OH 44036
	 	CMS
	 
	 	 	 	 
	Super Steel

	 	6227 Rinke

Warren, MI 48091
	 	HMS, CMS
	 
	 	 	 	 
	Saint Louis Cold Drawn

	 	1060 Pershall Rd

St. Louis, MO 63137
	 	CMS
	 
	 	 	 	 
	Universal Metals Service

	 	16655 S. Canal

South Holland, IL 60473
	 	HMS, CMS
	 
	 	 	 	 
	CMS-Cold Melt

HMS-Hot Melt
	 	 	 	 

- 3 -

 

     B. Flat Products

EXTERNAL PROCESSING & STORAGE — FLAT PRODUCTS

FACILITY LOCATIONS & PRODUCT TYPES

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Acero Prime, Ramos Arizpe Plant

	 	Ave. Gamma #527, Parque
Industrial Santa Maria
	 	 	 	Ramos Arizpe

Coahuila
	 	MX
	 	 	25900	 
	Acero Prime

	 	Eje 128 No. 209, Zona
Industrial del Potosi
	 	 	 	San Luis Potosi
	 	MX
	 	 	78090	 
	All Metals Service & Warehouse Inc.

	 	100 All Metals Drive
	 	 	 	Cartersville
	 	GA
	 	 	30120	 
	All Metals Service & Warehousing

	 	115 Coastline Road
	 	 	 	Spartanburg
	 	SC
	 	 	29301	 
	Arlington Metals

	 	11355 Franklin Avenue
	 	 	 	Franklin Park
	 	IL
	 	 	60131	 
	Arlington Metals

	 	13100 Arlington Drive
	 	 	 	Sawyer
	 	MI
	 	 	49125	 
	Arvin — Roll Coater Inc.

	 	1950 E. Main Street
	 	P.O. Box 787
	 	Greenfield
	 	IN
	 	 	46140	 
	Arvin — Roll Coater Inc.

	 	2nd & Hupp Road
	 	P. O. Box 326
	 	Kingsbury
	 	IN
	 	 	46345	 
	Auto Blankers

	 	1301 Alabama
	 	 	 	Flint
	 	Ml
	 	 	48505	 
	Chemcoaters L.L.C.

	 	700 Chase Street
	 	 	 	Gary
	 	IN
	 	 	46404	 
	Chicago Steel

	 	700 Chase Street
	 	Suite 100
	 	Gary
	 	IN
	 	 	46404	 
	Chicago Steel & Tin Plate

	 	700 Chase Street
	 	Suite 100
	 	Gary
	 	IN
	 	 	46404	 
	Delaco Steel Corporation

	 	811 Tireman
	 	 	 	Dearborn
	 	Ml
	 	 	48126	 
	Eagle Steel Products

	 	5150 Loop Road
	 	 	 	Jeffersonville
	 	KY
	 	 	47130	 
	Edwards Distribution Group LLC

	 	1725 Miller Road
	 	 	 	Dearborn
	 	MI
	 	 	48126	 
	Electric Coating Technologies LLC

	 	4407 Railroad Avenue
	 	 	 	East Chicago
	 	IN
	 	 	46312	 
	EMDE — East

	 	201 Mississippi Street
	 	 	 	Gary
	 	IN
	 	 	46402	 
	Flat Rock Metal Processing L.L.C.

	 	6720 Waterway Drive
	 	 	 	Portage
	 	IN
	 	 	46368	 
	Flat Rock Metal, Inc.

	 	26601 W. Huron River Drive
	 	P.O. Box 1090
	 	Flat Rock
	 	MI
	 	 	48134	 
	Flat Rock Metals 

Processing-Perrysburg, OH

	 	7401 Ponderosa Road
	 	 	 	Perrysburg
	 	OH
	 	 	43551	 
	GEN Warehousing & Transportation,
Inc.

	 	1745 165th Street
	 	 	 	Hammond
	 	IN
	 	 	46320	 
	GEN Warehousing & Transportation,
Inc.

	 	2515 S. Holt Road
	 	 	 	Indianapolis
	 	IN
	 	 	46241	 
	GEN Warehousing & Transportation,
Inc.

	 	725 George Nelson Road
	 	 	 	Portage
	 	IN
	 	 	46368	 
	GEN Warehousing & Transportation,
Inc.

	 	8190 Roll & Hold Parkway
	 	 	 	Macedonia
	 	OH
	 	 	44056	 
	GMS — Warehouse Services

	 	 	 	P.O. Box 8213
	 	Fort Smith
	 	AR
	 	 	72902	 
	Grand Rapids Dist. Center

	 	945 Freeman Street
	 	 	 	Grand Rapids
	 	MI
	 	 	49503	 
	Great Lakes Processing

	 	345 Salmon Drive
	 	 	 	Portage
	 	IN
	 	 	46368	 
	Heidtman Steel Products

	 	4400 County Road 59
	 	 	 	Butler
	 	IN
	 	 	46721	 
	Integrated Terminal

	 	1951 Hamburg Turnpike
	 	P.O. Box 24
	 	Lackawanna
	 	NY
	 	 	14218	 
	Integrated Terminal, Woodhaven

	 	25325 Hall Road
	 	 	 	Woodhaven
	 	MI
	 	 	48183	 
	Jefferson Blanking Inc.

	 	234 South Holland Drive
	 	P.O. Box 384
	 	Pendergrass
	 	GA
	 	 	30567	 
	Kasle Metal Processing, LLC

	 	5146 Maritime Road
	 	Clark Maritime

Center
	 	Jeffersonville
	 	IN
	 	 	47130	 

- 4 -

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Lafayette Steel

	 	3600 North Military
	 	 	 	Detroit
	 	MI
	 	 	48210	 
	Laredo Moving & Storage

	 	 	 	P.O. Box 1706
	 	Laredo
	 	TX
	 	 	78044	 
	Lilley Warehousing, Inc.

	 	 	 	P.O. Box 249
	 	Granite City
	 	IL
	 	 	62040	 
	Liverpool Coil Processing Division

	 	880 Steel Drive
	 	 	 	Valley City
	 	OH
	 	 	44280	 
	Marubeni Steel Processing

	 	 	 	P.O. Box 469
	 	Portland
	 	TN
	 	 	37148	 
	Marubeni Steel Processing

	 	27 Excellence Drive
	 	 	 	Vonore
	 	TN
	 	 	37885	 
	Medina Blanking

	 	P.O. Box 360513
	 	 	 	Cleveland
	 	OH
	 	 	44136	 
	Metal Koting

	 	1430 Martin Grove Road	 	 	 	Rexdale, Ontario	 	CAN 	 	 	M9W 4Y1	 
	Michigan Metal Transporters 

C/O IDS

	 	8055 Highland Pointe Parkway
	 	 	 	Macedonia
	 	
OH
	 	 	
44056	 
	Michigan Metal Transporters 

C/O Wayne Industries

	 	36253 Michigan Avenue
	 	 	 	Wayne
	 	Ml
	 	 	48184	 
	Millennium Steel Service

	 	R.R. #1, 222C, County Road
350 South
	 	 	 	Princeton
	 	IN
	 	 	47670	 
	Miller Truck & Storage

	 	420 Ingham Street
	 	 	 	Jackson
	 	MI
	 	 	49201	 
	Mi-Tech

	 	212 South Rutherford Boulevard
	 	 	 	Murfreesboro
	 	TN
	 	 	37130	 
	MISA Metal Blanking

	 	1597 Sterilite Drive
	 	 	 	Birmingham
	 	AL
	 	 	35125	 
	Mitsui Auto Steel Canada Inc.

	 	16 Cherry Blossom Road
	 	 	 	Cambridge, Ontario
	 	CAN
	 	 	N3H 4R7	 
	MSC Walbridge Coatings Inc.

	 	30610 East Broadway
	 	 	 	Walbridge
	 	OH
	 	 	43465	 
	National Processing, Inc.

	 	4506 W. Cline Avenue
	 	P.O. Box 29
	 	East Chicago
	 	IN
	 	 	46312	 
	National Processing, Inc.

	 	4506 W. Cline Avenue
	 	P.O. Box 29
	 	East Chicago
	 	IN
	 	 	46312	 
	Noble C/O SET Enterprises

	 	28217 Van Dyke
	 	 	 	Warren
	 	MI
	 	 	48093	 
	Noble Metal Processing, Inc.

	 	6301 Midland Industrial Drive
	 	 	 	Shelbyville
	 	KY
	 	 	40065	 
	Ohio-Kentucky Steel Corporation

	 	2001 Commerce Center Drive
	 	 	 	Franklin
	 	OH
	 	 	45005	 
	Pacific Toll Processing

	 	24724 S. Wilmington Avenue
	 	 	 	Carson
	 	CA
	 	 	90745	 
	Pre Finish Metals

	 	2400 Yankee Road
	 	 	 	Middletown
	 	OH
	 	 	45044	 
	Precision Strip

	 	36000 Alabama HWY 21
	 	P.O. Box 6196
	 	Talladega
	 	AL
	 	 	35160	 
	Precision Strip

	 	3518 W. 73rd Street
	 	 	 	Anderson
	 	IN
	 	 	46013	 
	Precision Strip

	 	190 Bales Road
	 	 	 	Kenton
	 	OH
	 	 	43326	 
	Precision Strip

	 	86 South Ohio Street
	 	P.O. Box 104
	 	Minster
	 	OH
	 	 	45865	 
	Precision Strip

	 	315 Park Avenue
	 	 	 	Tipp City
	 	OH
	 	 	45371	 
	Pro Coil

	 	5260 Haggerty Road South
	 	 	 	Canton
	 	MI
	 	 	48188	 
	Quality Coil Processing

	 	25225 Hall Road
	 	 	 	Woodhaven
	 	MI
	 	 	48183	 
	Roll & Hold

	 	1745 165th Street
	 	 	 	Hammond
	 	IN
	 	 	46320	 
	Roll & Hold

	 	725 George Nelson Road
	 	 	 	Portage
	 	IN
	 	 	46368	 
	RSDC of Michigan, L.L.C.

	 	1776 Holloway Drive
	 	P.O. Box 606
	 	Holt
	 	MI
	 	 	48842	 
	Ryerson Coil Processing

	 	720 East 111th Street
	 	 	 	Chicago
	 	IL
	 	 	60628	 
	Ryerson Coil Processing

	 	720 East 111th Street
	 	 	 	Chicago
	 	IL
	 	 	60628	 
	SET Enterprises — New Boston

	 	36211 S. Huron Road
	 	 	 	New Boston
	 	Ml
	 	 	48164	 
	Shiloh Corporation

	 	402 Ninth Street
	 	P.O. Box 2037
	 	Mansfield
	 	OH
	 	 	44905	 
	Steel Coil Services, Division of FLP

	 	5151 N. Skiatook Road
	 	 	 	Catoosa
	 	OK
	 	 	74015	 
	Sweeney Steel Service

	 	P.O. Box 851
	 	 	 	Buffalo
	 	NY
	 	 	14240	 
	T W B Company

	 	1600 Nadeau Road
	 	 	 	Monroe
	 	MI
	 	 	48162	 

- 5 -

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Taylor Coil Processing

	 	2260 Industrial Trace
	 	 	 	Lordstown
	 	OH
	 	 	44481	 
	Taylor Steel Inc.

	 	 	 	P.O. Box 3366

-Station LCD4
	 	Hamilton, Ontario
	 	CAN
	 	 	L8H 7L4	 
	Thyssen Steel Group Processing 

Center

	 	One Thyssen Park
	 	 	 	Detroit
	 	MI
	 	 	48210	 
	Toyota Tsusho America, Inc.,
Georgetown Service Center

	 	1125 Blossom Way
	 	P.O. Box 729
	 	Georgetown
	 	KY
	 	 	40324	 
	Trenton Steel Storage

	 	1717 Fort Street
	 	 	 	Trenton
	 	MI
	 	 	48183	 
	Wayne Industries, Inc.

	 	36253 Michigan Avenue
	 	 	 	Wayne
	 	MI
	 	 	48184	 
	Wayne Steel Distribution Center

	 	21901 Cottage Grove Avenue
	 	 	 	Sauk Village
	 	IL
	 	 	60411	 
	Western Intermodal

	 	4632 Sheila Street
	 	 	 	Commerce
	 	CA
	 	 	90040	 
	Worthington Steel

	 	100 Worthington Drive
	 	 	 	Porter
	 	IN
	 	 	46304	 
	Worthington Steel

	 	8911 Kelso Drive
	 	 	 	Baltimore
	 	MD
	 	 	21221	 
	Worthington Steel

	 	11700 Worthington Drive
	 	 	 	Taylor
	 	Ml
	 	 	48180	 

- 6 -

 

     C. Raw Materials

	 	 	 	 	 	 	 
	Commodity	 	Location	 	Company	 	Address
	Iron Ore Pellets 

Slabs/Billets

	 	Escanaba, MI

New Orleans, LA
	 	Canadian National

Coastal Cargo Company
	 	1600 Sheridan Road
1555 Poydras Street
Suite 1600
	 
	 	 	 	 	 	 
	Reserve Terminal 

Slabs/Billets

	 	Chicago, IL
	 	Reserve Marine Terminal
	 	11401 S. Green Bay Ave.
Chicago, IL
	Billets

	 	Portage, IN
	 	Federal Marine Terminals
	 	415 Salmon Drive

	 	VIII.	 	Other Premises at which Collateral is Stored or Located:
	 
	 	 	 	See VII above.
	 
	 	IX.	 	Locations of Records Concerning Collateral:
	 
	 	 	 	 3210 Watling Street

East Chicago, IN 46312
	 
	 	 	 	Inland Steel Flat Products Company

(a division of Ispat Inland Inc.)
 3210 Watling
Street

East Chicago, IN 46312
	 
	 	 	 	Ispat Inland Inc.

Detroit Sales Office
100
Galleria Officenter

Suite 424

Southfield, MI 48034
	 
	 	 	 	Inland Steel Bar Company

(a division of Ispat Inland Inc.)
 3300
Dickey Road

East Chicago, IN 46312
	 
	 	 	 	Inland Steel Mining Company

(Minorca Mine)
 5950
Old Highway 53

Virginia, MN 55792
	 
	 	 	 	Inland Steel Mining Company
 3210
Watling Street

East Chicago, IN 46312
	 
	 	 	 	 30 West Monroe

Chicago, Illinois 60603

- 7 -

 

SCHEDULE II

to

SECURITY AGREEMENT

INSTRUMENTS

	 	 	 	 	 	 	 	 	 
	 	 	Issue Date	 	 	 	 	 	 
	Obligor Initial	 	Principal Amount	 	Maturity	 	Interest Date	 	Rate
	Ispat Inland
Administrative 

Service Company

	 	Variable
	 	November 1, 1987
	 	Not applicable
	 	Not applicable
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 

 

 

SCHEDULE III

to

SECURITY AGREEMENT

FINANCING STATEMENTS

	 	 	 
	Ispat Inland Inc.

	 	Delaware Secretary of State
	 

	 	Province of Ontario

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]