ESMARK INCORPORATED DEFERRED STOCK UNIT AWARD AGREEMENT

Deferred Unit Award Agreement

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ESMARK INCORPORATED

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Title: ESMARK INCORPORATED DEFERRED STOCK UNIT AWARD AGREEMENT
Date: 5/20/2008

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Form of Deferred Stock Unit Award Agreement

Exhibit 10.7(c)

ESMARK INCORPORATED

DEFERRED STOCK UNIT

AWARD AGREEMENT

DIRECTOR AWARD

AWARDED TO

AWARD DATE

NUMBER OF

DEFERRED STOCK UNITS

ESMARK INCORPORATED (the “Company”) hereby grants you (the “Director”) ( ) deferred stock units (“Units”) pursuant to the Esmark Incorporated Non-Employee Directors Deferred Compensation Plan (the “Plan”) (this grant of Units is your “Award”). The Company’s Board of Directors (the “Board”) will administer this Award Agreement, and any decision of the Board will be final and conclusive. Capitalized terms not defined herein have the meanings provided in the Plan.

The terms of your Award are:

1.	Vesting of Units. The Units are fully vested and nonforfeitable.

2.	Issuance of Shares.

(a)

Except as provided in Section 3, the Company will not issue shares of Company Stock to the Director for Uni

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