Participant Grant and Agreement Sample Contracts

AMENDMENT NO. 1
Participant Grant and Agreement • February 21st, 2006 • Cleveland Cliffs Inc • Metal mining

WHEREAS, on March 8, 2005, the Compensation and Organization Committee of the Board granted performance shares to the Participant under the Long-Term Incentive Program of the Company; and

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CLEVELAND-CLIFFS INC UNDER THE
Participant Grant and Agreement • July 31st, 2008 • Cleveland Cliffs Inc • Metal mining • Ohio

WHEREAS, on March 13, 2007 the Board of Directors (“Board”) of Cleveland-Cliffs Inc. an Ohio corporation (“Company”) (the term “Company” as used herein shall also include the Company’s consolidated Subsidiaries) approved the 2007 Incentive Equity Plan (“Plan”) of the Company and the shareholders of the Company approved the Plan on July 27, 2007; and

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