FORM OF PUT RIGHTS EXERCISE NOTICEPut Rights Exercise Notice • October 26th, 2007 • Clayton Acquisition CORP • Steel works, blast furnaces & rolling mills (coke ovens)
The undersigned hereby exercises its put rights with respect to the shares of Wheeling-Pittsburgh Common Stock as indicated above (the “Shares”) at a price of $20.00 per share, subject to, and in accordance with, the terms of the Agreement and Plan of Merger and Combination, dated March 16, 2007, by and between New Esmark, Wheeling-Pittsburgh Corporation (“Wheeling-Pittsburgh”), Wales Merger Corporation, Esmark Incorporated (“Esmark”) and Clayton Merger, Inc. as amended October 22, 2007 (the “Agreement”), and in accordance with the Wheeling-Pittsburgh Election Form, delivered by the undersigned, pursuant to which the undersigned elected to receive the put rights as consideration in connection with the combination of Wheeling-Pittsburgh and Esmark.
THE PUT RIGHTS WILL EXPIRE TEN (10) DAYS AFTER THE EFFECTIVE TIME OF THE COMBINATION (THE “EXPIRATION DATE”). This Exercise Notice must be completed and returned to the Paying Agent at one of its addresses set forth below. The Paying Agent for the Put...Put Rights Exercise Notice • October 9th, 2007 • Clayton Acquisition CORP • Steel works, blast furnaces & rolling mills (coke ovens)
The undersigned hereby exercises its put rights with respect to the shares of New Esmark Common Stock as indicated above (the “Shares”) at a price of $20.00 per share, subject to, and in accordance with, the terms of the Agreement and Plan of Merger and Combination, dated March 16, 2007, by and between New Esmark, Wheeling-Pittsburgh Corporation (“Wheeling-Pittsburgh”), Wales Merger Corporation, Esmark Incorporated (“Esmark”) and Clayton Merger, Inc. (the “Agreement”), and in accordance with the Wheeling-Pittsburgh Election Form, delivery by the undersigned, pursuant to which the undersigned elected to receive the put rights as consideration in connection with the combination of Wheeling-Pittsburgh and Esmark.
