Table of Contents
Exhibit 10.1.18
SWAP ASSIGNMENT AGREEMENT
This "Swap Assignment Agreement" (" Agreement ") is executed on December 23, 2004, by and between:
CSN OVERSEAS LTD., a company incorporated and existing under the laws of the Cayman Islands, with its
head office at the offices of Walkers S.P.V. Limited, P.O. Box 908 GT, Walker House, Mary Street, George
Town, Grand Cayman, Cayman„ herein represented in accordance with its by-laws, hereinafter referred to as "
Overseas ";
CSN STEEL CORP., a company incorporated and existing under the laws of Cayman Islands, wi.th registered
office at the offices of Walkers S.P.V. Limited, P.O. Box 908 GT, Wal.ker House, Mary Street, George Town,
Grand Cayman, Cayman, herein represented in accordance with its by-laws, hereinafter referred to as " Steel ":
POBT TRUST AND BANK LIMITED, a company incorporated and existing under the laws of the Cayman
Islands, with its head office at Font Nassau Centre, Marlborough. St. 2 nd floor, Suite 202, Nassau, Bahamas,
herein represented in accordance with its articles of association, hereinafter referred to as " POBT "; and
WHEREAS:
(A) Overseas and POBT entered into an ISDA Master Agreement and a Schedule to the ISDA Master
Agreement on April 2, 2003, as attached lhereto as Annex I ("ISDA");
(B) Overseas and POBT entered into 15 (fifteen) letter agreements under the ISDA pursuant to the confirmations
attached hereto as Annex II (" Confirmations " and collectively with the ISDA, simply the " Assigned Agreements
");
(C) Overseas wishes to assign to Steel the Assigned Agreements;
NOW, THERFFORE, in consideration of the promises and agreements contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:
I. ASSIGNMENT BY OVERSEAS OF THE ASSIGNED AGREEMENTS
SECTION 1 - Overseas hereby sells, transfers, assigns, grants, and conveys to Steel the Assigned Agreements,
without recourse, and Overseas acquires t