INVESTOR RIGHTS AGREEMENTInvestor Rights Agreement • December 9th, 2020 • Cleveland-Cliffs Inc. • Metal mining • New York
THIS INVESTOR RIGHTS AGREEMENT (this “Agreement”), dated as of December 9, 2020 (the “Effective Date”), is by and between ArcelorMittal S.A., an entity formed under the Laws of Luxembourg (on behalf of itself and its controlled Affiliates that hold Shares, together, “Investor”), and Cleveland-Cliffs Inc., an Ohio corporation (the “Company”). Each of Investor and the Company are referred to herein as a “Party” and collectively as the “Parties.” Unless defined elsewhere within this Agreement, capitalized terms are defined in Article I.
