Acme Steel Company (formerly known as Interlake, Inc., and now known as Acme Metals, Inc.) and Consolidated Subsidiaries - Page 9

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          tax refunded, petitioner shall pay Interlake the lesser of (i)              
          the amount of Federal corporate income taxes at issue, or (ii)              
          the amount Interlake paid to petitioner pursuant to subparagraph            
          6(a).  All matters relating to acceptance or challenge of any               
          disallowance or adjustment to the Federal corporate income tax              
          liability of the carryback year or period shall be handled by               
          petitioner, in its sole discretion and at petitioner’s sole cost.           
          If the IRS proposes to adjust the Federal corporate income tax              
          liability of the year to which the loss or credit is carried                
          back, and if the period of limitations for assessment is open,              
          then Interlake shall be solely responsible for handling all                 
          matters relating to the IRS’s adjustments or proposed                       
          adjustments.                                                                
               Subparagraph 6(c) provides that if Interlake realizes a                
          consolidated net operating loss or credit carryback for any                 
          taxable year of Interlake ending after the effective date that              
          Interlake is unable to carry back to 1 or more taxable years                
          ending on or before the effective date, as a result of                      
          petitioner's having filed one or more claims for refund, and                
          Interlake's having received and paid petitioner all or a portion            
          of the refund, then petitioner shall repay Interlake a portion of           
          the amount that Interlake paid petitioner on account of the claim           
          or claims for refund.                                                       








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