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ALLOCATION AGREEMENT <br />This Agreement is entered inb dtie~rday of October, 1996 by and betwxn <br />Reorgaaiud CF&I Stxl Corporation ("Reorganized CFkI') end the United Stxlworken of <br />America ("USWA"). <br />WHEREAS, Reorganized CF&L the USWA, Connecticut General Life Insurance <br />S%FIIBI'1' "ln <br />Compmy ('CGLIC"), end The Equiuble Life Aasurence Society of the United Sutra <br />("Equiuble")hove entered inb a Senlemeat Agrxment and MuNSI Releue u of October3~ <br />1996 (the "Set0ement Agreemeot') which provide that l".GLIC will pay b Reorganized CF&1 <br />5745,600.00 (Wa'SeNement AmouoC), in aatieAc0on of Reorganized CF&I's claim, on behalf <br />of urtain retirees of CFAeI Stxl Corporetioo who had elated b participate io the Retiree Major <br />Medical Wurmce Program orfered by CF&1 Stxl Corporation and insured by Equiuble until <br />July 71, 1989 ("Reluea'), for n remm of'Rwervea' held by Equiuble, and iu claim for <br />atbmeye' fen, end io full aetiafection of the summery judgment entered by the United Sutra <br />Bmlwptcy Coun for the D'utria of Uuh, Adversary Proceeding No. 94-PB-2431 (the <br />"Adversary Proceeding") agaitut Bquiuble pursuant b an Order dated Much 29, 1996 end <br />ee[Uement of all remaining claims pending in We adversary Proueding and w the cue pending <br />io the U.S. Diatricl Court far Ne District of Colorado, Cue No. 90-8-867; and <br />WHEREAS, Reorganized CFdcl hu pursued recovery of ouch monin held by Equiuble <br />and/or CGLIC through litigation in multiple civil proceedings over We coupe of several years; <br />and <br /> <br />