0000764065-16-000183 Sample Contracts

SEVERANCE AGREEMENT AND RELEASE
Severance Agreement and Release • February 24th, 2016 • Cliffs Natural Resources Inc. • Metal mining • Ohio

THIS Severance Agreement and Release (“Agreement”) is made between David Webb (the “Executive”) and Cliffs Natural Resources Inc., an Ohio corporation (the “Company”), as of the date set forth below. The Executive and Company may be referred to as the “Parties”.

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FIFTH AMENDMENT TO TRUST AGREEMENT NO. 8
Trust Agreement • February 24th, 2016 • Cliffs Natural Resources Inc. • Metal mining

This Fifth Amendment to Trust Agreement No. 8 is entered into effective as of October 28, 2015 by and between Cliffs Natural Resources Inc., f/k/a Cleveland-Cliffs Inc., an Ohio corporation (the “Company”), and KeyBank National Association, the successor in interest to Key Trust Company of Ohio, N.A., a national banking association, as Trustee (the “Trustee”). Capitalized terms not defined herein shall have the meanings assigned to such terms in Trust Agreement No. 8.

THIRD AMENDMENT TO TRUST AGREEMENT NO. 9
Trust Agreement • February 24th, 2016 • Cliffs Natural Resources Inc. • Metal mining

This Third Amendment to Trust Agreement No. 9 is entered into effective as of October 28, 2015 by and between Cliffs Natural Resources Inc., f/k/a Cleveland-Cliffs Inc., an Ohio corporation (the “Company”), and KeyBank National Association, the successor in interest to Key Trust Company of Ohio, N.A., a national banking association, as Trustee (the “Trustee”). Capitalized terms not defined herein shall have the meanings assigned to such terms in Trust Agreement No. 9.

UNIT PURCHASE AGREEMENT
Unit Purchase Agreement • February 24th, 2016 • Cliffs Natural Resources Inc. • Metal mining • New York

This UNIT PURCHASE AGREEMENT, dated as of and effective as of December 22, 2015 (this “Agreement”), is made and entered into by and among Cliffs Natural Resources Inc., an Ohio corporation (“Parent”), CLF PinnOak LLC, a Delaware limited liability company (“Seller”), and Seneca Coal Resources, LLC, a Delaware limited liability company (“Purchaser”).

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