Common use of Exercise of Purchase Rights Clause in Contracts

Exercise of Purchase Rights. Any stockholder of New Esmark who validly elected to receive Purchase Rights in the combination of Wheeling-Pittsburgh and Esmark desiring to exercise such Purchase Rights should either: (a) complete this Exercise Notice, or a facsimile thereof, and send the properly completed and executed Exercise Notice together with the applicable Subscription Price to the Subscription Agent prior to the Expiration Date; or (b) request that stockholder’s bank, broker, dealer, trust company or other nominee effect the transaction for that stockholder. A stockholder having shares registered in the name of a bank, broker, dealer, trust company or other nominee must contact that person if that stockholder desires to exercise Purchase Rights for those shares.