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Exhibit 10.10(a)
WCI STEEL, INC.
PELLET SALES AGREEMENT
PROPOSED MODIFICATIONS TO PELLET PRICING
SEPTEMBER 21, 2005
1. Cliffs will
defer in the 2006 ore year an amount (the "Deferred Amount")
equal to [*****](1) of the amount by which the final adjusted price
per
iron
ton (after applying Section 6(d) of the October 14, 2004 Amended
and
Restated Pellet Sale and Purchase Agreement as modified by the
November 11,
2004
amendment thereto (as so amended, the "Current Contract")) exceeds
the
price per gross ton without applying such Section 6(d) of the
Current
Contract. Section 6(d) provides that in 2006 the final adjusted
price per
iron
ton shall not be less than $[*****] per gross ton below the
ECWPP.
2. The Deferred
Amount from 2006 will be paid to Cliffs by WCI over three
years (2007 - 2009) in 12 equal quarterly payments beginning on
March 1,
2007
together with interest accrued thereon at the applicable rate
as
specified in paragraph 3. Notwithstanding the foregoing, in the
event that
WCI's Third Amended Plan of Reorganization or an Alternate POR is
not
confirmed and effective on or before June 30, 2006, then the
Deferred
Amount, with accrued interest through the date of payment, will be
paid to
Cliffs, no later than July 31, 2006. In addition, the unpaid
portions of
the
Deferred Amount shall be paid in full, with accrued interest
through
the
date of payment, contemporaneously with the payment of any dividend
to
WCI's equity holders not provided for in the upstreaming section of
the
Company's Collective Bargaining Agreement with the United
Steelworkers of
America dated April 29, 2004 as amended.
3. Interest will
accrue as amounts ar
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