1992 UMWA BENEFIT PLAN RELEASE
<br />KNOW ALL MEN BY THESE PRESENTS, that the 1992 IIaited Mine
<br />Workers of America Benefit Plan (the "1992 Benefit Plan") and its
<br />Trustees (the "Releasors"), on behalf of themselves, their
<br />respective predecessors, successors, and assigns, for good and
<br />valuable consideration, the receipt and sufficiency of which. is
<br />hereby acknowledged, do hereby release, waive, and discharge.:
<br />(1) Reorganized CFI Steel Corporation,
<br />Reorganized CF&I Fabricators of Utah, Inc.,
<br />Colorado & Utah Land Company, Kansas Metals
<br />Company, Albuquerque Metals Company, Reorganized
<br />Pueblo Metals Company, Denver Metals Company,
<br />Reorganized Pueblo Railroad Service Company,
<br />Reorganized CF&I Fabricators of Colorado, Inc., and
<br />The Reorganized Colorado and Wyoming Railway
<br />Company (the "Reorganized Debtors"), and their
<br />respective officers, directors, and agents,
<br />(together, with the Reorganized Debtors, the
<br />"Reorganized Debtor Releasees"), from any and all
<br />rights and claims (as defined in title 11 of the
<br />United States Code) of the 1992 Benefit Plan,
<br />arising under the Coal Industry Retiree Health
<br />Benefits Act (the "Coal Act") or which in any way
<br />relate to CF&I Steel Corporation's or its
<br />affiliates' former employment of coal miners or
<br />which were or could have been asserted by the
<br />Releasors or any of them in Adversary Proceeding
<br />No. 94PB-02129 in the United States Bankruptcy
<br />Court for the District of Utah, and
<br />(2) CF&I Steel, L.P., New CF&Z Inc., and
<br />Oregon Steel Mills, Inc., and purchasers of assets
<br />from the Reorganized Debtors during and following
<br />the Reorganized Debtors' Chapter 11 cases filed
<br />November 6, 1990, and their respective successors
<br />and assigns as well as any of their officers,
<br />directors, agents, or affiliates (the "Other
<br />Releasees"), from any and all rights and claims (as
<br />defined in title 11 of the United States Code) of
<br />the 1992 Benefit Plan, arising under or related in
<br />any way to the Coal Act, but only to the extent
<br />that the Coal Act claims of the Other Releasees
<br />arise solely from or as a result of a relationship
<br />with, or as a purchaser of assets from, the
<br />Reorganized Debtors under cases jointly
<br />administered under Case No. 90B-6721, or which were
<br />or could have been asserted by the Releasors or any
<br />of them in Adversary Proceeding No. 94PB-02129 in
<br />the United States Bankruptcy Court for the District
<br />of Utah,
<br />EXHIBIT
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