0000764065-13-000021 Sample Contracts

NON-EMPLOYEE DIRECTOR PHANTOM STOCK UNIT AWARD AGREEMENT

Non-Employee Director Phantom Stock Unit Award Agreement • July 26th, 2013 • Cliffs Natural Resources Inc. • Metal mining • Ohio

• Contract Type
  Non-Employee Director Phantom Stock Unit Award Agreement
• Filed
  July 26th, 2013
• Company
  Cliffs Natural Resources Inc.
• Industry
  Metal mining
• Jurisdiction
  Ohio

This PHANTOM STOCK UNIT AWARD AGREEMENT (the “Agreement”), dated as of July 9, 2013, is made by and between Cliffs Natural Resources Inc. (the “Company”), and James F. Kirsch (the “Director”).

SEVERANCE AGREEMENT

Severance Agreement • July 26th, 2013 • Cliffs Natural Resources Inc. • Metal mining • Ohio

• Contract Type
  Severance Agreement
• Filed
  July 26th, 2013
• Company
  Cliffs Natural Resources Inc.
• Industry
  Metal mining
• Jurisdiction
  Ohio

This Agreement is entered into as of July 17, 2013 by and between Joseph A. Carrabba (“Employee”), and Cliffs Natural Resources Inc. and its affiliates identified in Section III.A below (collectively, the “Company”). Employee and the Company are referred to each individually as a “Party” and collectively as the “Parties.”