0001072613-05-001392 Sample Contracts

MASTER AGREEMENT by and among HUGO NEU CO., LLC, HNE RECYCLING LLC, HNW RECYCLING LLC, and JOINT VENTURE OPERATIONS, INC. and for certain limited purposes HUGO NEU CORPORATION and SCHNITZER STEEL INDUSTRIES, INC. As of June 8, 2005
Master Agreement • June 9th, 2005 • Schnitzer Steel Industries Inc • Wholesale-misc durable goods • New York

Master Agreement, dated as of June 8, 2005 (as amended, restated or supplemented from time to time, this “Agreement”), by and among Hugo Neu Co., LLC, a Delaware limited liability company (“HNC I LLC”), HNE Recycling LLC, a Delaware limited liability company (“HNC II LLC”), HNW Recycling LLC, a Delaware limited liability company (“HNC III LLC”), and Joint Venture Operations, Inc., a Delaware corporation (“JVOI”), and, solely for purposes of Sections 2.3, 2.5(d), 2.5(e), 2.5(f), 2.5(g), 2.5(h), 2.5(i), 2.5(j), 2.5(k), 2.5(l), 2.5(m), 2.7, 8.9 and 8.11 and Articles V (but only to the extent any sections therein bind HNC or SSI, as applicable), IX, X and XI, Hugo Neu Corporation, a New York corporation (“HNC”), and Schnitzer Steel Industries, Inc., an Oregon corporation (“SSI”).

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