FW: A. K. Steel Confirmation Draft

Did we ever get confirmation on the legal issues. I don't want to release a
confirmation if we are not sure we can do this transaction.

Please let me know how to proceed.

Carol North

-----Original Message-----
From: McClendon, Lisa
Sent: Tuesday, May 22, 2001 10:36 AM
To: Stoler, Lou; Ernst, Nicholas
Cc: Wood, Shelly; Herod, Brenda F.; North, Carol; Davis, Del
Subject: A. K. Steel Confirmation Draft

Lou / Nick,

As requested, attached is a draft copy of a confirmation for the optional
steel purchase from A. K. Steel.

I am not sure this is the type of document needed for this part of the
transaction, as I discussed with Nick this morning. I also, think we need an
additional agreement, other than a confirmation or master agreement, to
actual define the deal - the gas fixed price option, the payment of
$2,280,00.00 over twelve months, the option to purchase the steel over a 42
month period. Also, there is no provision in this confirmation to address
extending credit to A.K. Steel.

I would like to meet with you for further discussions. If you have any
questions, please let me know.