0001072613-06-001622 Sample Contracts

INDEMNITY AGREEMENT
Indemnity Agreement • July 28th, 2006 • Schnitzer Steel Industries Inc • Wholesale-misc durable goods • Oregon

THIS AGREEMENT is made as of ____________, 2006 by and between Schnitzer Steel Industries, Inc., an Oregon corporation (Company), and _______________ (Indemnitee), a director or officer of the Company.

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THIRD AMENDED SHARED SERVICES AGREEMENT
Shared Services Agreement • July 28th, 2006 • Schnitzer Steel Industries Inc • Wholesale-misc durable goods • Oregon

This THIRD AMENDED SHARED SERVICES AGREEMENT (this “Agreement”) is made and entered into as of July 26, 2006 by and among Schnitzer Steel Industries, Inc., an Oregon corporation (“SSI”), Schnitzer Investment Corp., an Oregon corporation (“SIC”), and Island Equipment Company, Inc., a corporation organized under the laws of the Territory of Guam (“IECO”).

DEFERRED STOCK UNIT AWARD AGREEMENT
Award Agreement • July 28th, 2006 • Schnitzer Steel Industries Inc • Wholesale-misc durable goods • Oregon

This Award Agreement (the “Agreement”) is entered into as of ____________ (the “Award Date”) by and between Schnitzer Steel Industries, Inc, an Oregon corporation (the “Company”), and ____________ , a non-employee director of the Company (the “Recipient”), for the award of deferred stock units with respect to the Company’s Class A Common Stock (“Common Stock”).

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