RECAPITALIZATION AND EQUITY PURCHASE AGREEMENT BY AND AMONG BRS STOCK HOLDCO LLC, BIG RIVER STEEL HOLDINGS LLC, THE EQUITYHOLDERS OF BIG RIVER STEEL CORP. AND BIG RIVER STEEL HOLDINGS LLC, U. S. STEEL HOLDCO LLC AND UNITED STATES STEEL CORPORATION...Recapitalization and Equity Purchase Agreement • October 1st, 2019 • United States Steel Corp • Steel works, blast furnaces & rolling mills (coke ovens) • Delaware
This RECAPITALIZATION AND EQUITY PURCHASE AGREEMENT (this “Agreement”), dated as of September 30, 2019 (the “Effective Date”), is by and among BRS Stock Holdco LLC, a Delaware limited liability company (“BRS Newco”), Big River Steel Holdings LLC, a Delaware limited liability company (the “Company”), the stockholders and members of Big River Steel Corp., a Delaware corporation (“BRS Corp.”), and the Company set forth on the signature pages attached hereto (each, an “Equityholder” and collectively, the “Equityholders”), U. S. Steel Holdco LLC, a Delaware limited liability company (“Purchaser”), and United States Steel Corporation, a Delaware corporation (“Purchaser Guarantor”). Each of BRS Newco, the Company, the Equityholders, Purchaser and Purchaser Guarantor are sometimes referred to herein as a “Party” or collectively as the “Parties”.
