Second Amendment to Trust Agreement No. 7 between Cleveland-Cliffs Inc. and Society National Bank

Summary

Cleveland-Cliffs Inc. and Society National Bank (as successor to AmeriTrust Company National Association) have agreed to a second amendment to their existing Trust Agreement No. 7, originally effective April 9, 1991. This amendment, effective November 1, 1994, updates Exhibit A of the agreement. The amendment is executed by authorized representatives of both parties and formalizes changes to the trust's terms as specified in the revised exhibit.

EX-10.25 21 d257049dex1025.htm EX-10.25 EX-10.25

Exhibit 10.25

SECOND AMENDMENT

TRUST AGREEMENT NO. 7

WHEREAS, Cleveland-Cliffs Inc (“Cleveland-Cliffs”) and AmeriTrust Company National Association entered into Trust Agreement No. 7 (the “Agreement”) effective April 9, 1991, which Agreement was amended on one previous occasion;

WHEREAS, Society National Bank (the “Trustee”) is the successor in interest to AmeriTrust Company National Association; and

WHEREAS, Cleveland-Cliffs and the Trustee desire to further amend the Agreement;

NOW, THEREFORE, effective November 1, 1994, Cleveland-Cliffs and the Trustee hereby amend the Agreement by revising EXHIBIT A thereto, which EXHIBIT A is attached hereto and made a part hereof, to provide as hereinafter set forth.

* * *

IN WITNESS WHEREOF, Cleveland-Cliffs and the Trustee have executed this Second Amendment at Cleveland, Ohio, this 18^th day of November, 1994.


CLEVELAND-CLIFFS INC

By		/s/ R.F. Novak
		Title: Vice President-Human Resources


SOCIETY NATIONAL BANK

By		/s/ M.O. Minar
		Title: Vice President

		Deanna J. Krizman
		Title: Trust Officer