Common use of Amendment to Cumulative Free Cash Flow Covenant Clause in Contracts

Amendment to Cumulative Free Cash Flow Covenant. Section 19.2 of the Talley Metals Technology, Inc. Subsidiary Loan Agxxxxxxt shall be amended by deleting the columns titled "Calendar Quarter Ending" and "Amount" and replacing them in their entirety with the following: Calendar Quarter Ending Amount ----------------------- ------ June 30, 1997 $2,500,000 September 30, 1997 $3,500,000 December 31, 1997 $5,000,000 March 31, 1998 $5,000,000 June 30, 1998 $6,000,000 September 30, 1998 $6,000,000 December 31, 1998 $6,000,000 Each Calendar Quarter Thereafter $6,000,000 plus an increase of $250,000 each January 1, commencing January 1, 1999

Amendment to Cumulative Free Cash Flow Covenant. Section 19.2 of the Talley Metals TechnologyAmcan Specialty Steels, Inc. Subsidiary Loan Agxxxxxxt Agreement shall be amended by deleting the columns titled "Calendar Quarter Ending" and "Amount" and replacing them in their entirety with the following: Calendar Quarter Ending Amount ----------------------- ------ June 30, 1997 $2,500,000 500,000 September 30, 1997 $3,500,000 525,000 December 31, 1997 $5,000,000 550,000 March 31, 1998 $5,000,000 550,000 June 30, 1998 $6,000,000 600,000 September 30, 1998 $6,000,000 625,000 December 31, 1998 $6,000,000 650,000 Each Calendar Quarter Thereafter $6,000,000 650,000 plus an increase of $250,000 100,000 each January 1, commencing January 1, 1999