SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
THIS SECOND AMENDMENT is entered into effective November 30, 1996,
among Schnitzer Steel Industries, Inc., an Oregon corporation (the "Company"),
the undersigned beneficial owners of Class B Common Stock of the Company (the
"Shareholders") and XXXXX X. XXXXX, XXXX XXXXXXXXX, XXXX XXXXXXXXX AND XXXX X.
XXXXXX (the "Trustees").
1. The Agreement is amended to include the following new provision:
2.3 Conversion of Shares for Purposes of Charitable Donations. A
Shareholder may convert any number of shares of that Shareholder's Class B
Common Stock into Class A Common Stock, without complying with the
provisions of Sections 2.2.2 or 2.2.3 of this Agreement; provided, the
Class A Common Stock received in the conversion is immediately thereafter
transferred to any organization which is exempt from taxation under
Internal Revenue Code ss.501(c)(3); provided further, that no such
conversion will be permitted if, following the conversion, the remaining
number of shares of Class B Common Stock would be less than twenty-five
percent of the sum of the number of outstanding shares of Class B Common
Stock and Class A Common Stock.
2. Except as specifically amended by this Second Amendment, the Agreement
shall remain unmodified and in full force and effect.
3. This Second Amendment may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have executed this Second Amendment as of
the date written above.
THE COMPANY
SCHNITZER STEEL INDUSTRIES, INC.
/s/ X.X. XXXXXX
--------------------------------
By: Xxxxxx X. Xxxxxx
Its: President
THE TRUSTEES
XXXXXX XXXXXXXXX FAMILY GROUP
/s/ XXXXX X. XXXXX
--------------------------------
Xxxxx X. Xxxxx
XXXXXX SCHNITZER FAMILY GROUP
/s/ XXXX XXXXXXXXX
--------------------------------
Xxxx Xxxxxxxxx
XXXXXXX XXXXXXXXX FAMILY GROUP
/s/ XXXX XXXXXXXXX
--------------------------------
Xxxx Xxxxxxxxx
XXXXXXX XXXXXXXXX FAMILY GROUP
/s/ XXXX X. XXXXXX
--------------------------------
Xxxx X. Xxxxxx
2
THE SHAREHOLDERS
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
Xxxxxx Xxxxxxxxx and
Xxxxx Xxxxxxxxx, Trustees
U/A/D February 8, 1989,
with Xxxxxx Xxxxxxxxx
/s/ XXXXX XXXXXXXXX /s/ XXXXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxx Xxxxxxxxx, as Trustee Xxxxxx Xxxxxxxxx, as Trustee
Xxxxx Xxxxxxxxx and
Xxxxxx Xxxxxxxxx, Trustees
U/A/D February 8, 1989,
with Xxxxx Xxxxxxxxx
/s/ XXXXX XXXXXXXXX /s/ XXXXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxx Xxxxxxxxx, as Trustee Xxxxxx Xxxxxxxxx, as Trustee
Xxxxxx Xxxxxxxxx and
Xxxxx Xxxxxxxxx, Trustees
U/A/D February 8, 1989,
with Xxxxxx Xxxxxxxxx; and
Xxxxx Xxxxxxxxx and Xxxxxx
Xxxxxxxxx, Trustees U/A/D
February 8, 1989, with Xxxxx
Xxxxxxxxx, each trust as a
tenant in common
/s/ XXXXX XXXXXXXXX /s/ XXXXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxx Xxxxxxxxx, as Trustee Xxxxxx Xxxxxxxxx, as Trustee
/s/ XXXXX X. XXXXX
----------------------------------
Xxxxx X. Xxxxx
FIRST INTERSTATE BANK OF
OREGON, N.A. (formerly First
National Bank of Oregon) and
XXXXX XXXXX, Trustees for
Xxxxx Xxxxx, et al, under Trust FIRST INTERSTATE BANK OF
Agreement dated January 30, 1970 OREGON, N.A., as Trustee
NKA Xxxxx Fargo Bank, N.A.
/s/ XXXXX X. XXXXX /s/ XXXXXX X. XXXX, VP
---------------------------------- ----------------------------------
Xxxxx X. Xxxxx, as Trustee By: Xxxxxx X. Xxxx
Title: Vice President & Area Manager
3
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
/s/ XXXXX XXXXX
----------------------------------
Xxxxx Xxxxx
/s/ XXXXX XXXXX
----------------------------------
Xxxxx Xxxxx, as Custodian
under the Oregon Uniform
Transfers to Minors Act,
F/B/O Xxxxxxx Xxxxx
/s/ XXXXX XXXXX
----------------------------------
Xxxxx Xxxxx
/s/ XXXXXXXX XXXXX
----------------------------------
Xxxxxxxx Xxxxx
/s/ XXXXXXX X. XXXXX
----------------------------------
Xxxxxxx X. Xxxxx
FIRST INTERSTATE BANK OF
OREGON, N.A. (formerly First
National Bank of Oregon) and
XXXXXXX XXXXX, Trustees for
Xxxxxxx Xxxxx, et al, under Trust FIRST INTERSTATE BANK OF
Agreement dated January 30, 1970 OREGON, N.A., as Trustee
NKA Xxxxx Fargo Bank, N.A.
/s/ XXXXXXX XXXXX /s/ XXXXXX X. XXXX, VP
---------------------------------- ----------------------------------
Xxxxxxx Xxxxx, as Trustee By: Xxxxxx X. Xxxx
Title: Vice President & Area Manager
/s/ XXXXX X. XXXXX
----------------------------------
Xxxxx X. Xxxxx
/s/ XXXXXXXX X. XXXXX
----------------------------------
Xxxxxxxx X. Xxxxx
/s/ XXXX X. XXXXX
----------------------------------
Xxxx X. Xxxxx
4
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
Xxxxxxx Xxxxxxxxx and
Xxxx Xxxxxxxxx, Trustees,
Trust A U/W/O Xxxxxx Xxxxxxxxx,
dated March 12, 1980, F/B/O
Xxxxxxx Xxxxxxxxx
/s/ XXXXXXX XXXXXXXXX /s/ XXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxxxx Xxxxxxxxx, as Trustee Xxxx Xxxxxxxxx, as Trustee
Xxxxxxx Xxxxxxxxx and
Xxxx Xxxxxxxxx, Trustees
U/A/D April 17, 1989,
with Xxxxxxx Xxxxxxxxx
/s/ XXXXXXX XXXXXXXXX /s/ XXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxxxx Xxxxxxxxx, as Trustee Xxxx Xxxxxxxxx, as Trustee
Xxxx X. Xxxxxxxx and Xxxx Xxxxxxxxx,
Trustees U/A with Xxxx X. Xxxxxxxx
dated November 30, 1992
/s/ XXXX X. XXXXXXXX /s/ XXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxx X. Xxxxxxxx, as Trustee Xxxx Xxxxxxxxx, as Trustee
FIRST INTERSTATE BANK OF
OREGON, N.A. (formerly First
National Bank of Oregon) and
XXXX X. XXXXXXXX, Trustees
for Xxxx X. Xxxxxxxx, et al,
under Trust Agreement dated FIRST INTERSTATE BANK OF
January 30, 1970 OREGON, N.A., as Trustee
NKA Xxxxx Fargo Bank, N.A.
/s/ XXXX X. XXXXXXXX /s/ XXXXXX X. XXXX, VP
---------------------------------- ----------------------------------
Xxxx X. Xxxxxxxx, as Trustee By: Xxxxxx X. Xxxx, VP
Its: Vice President & Area Manager
/s/ XXXXXXXX XXXXX
----------------------------------
Samantha Xxxxx Xxxxx
5
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
Xxxxxxx Xxxxxxxxx and
Xxxx X. Xxxxxxxx, Trustees,
Trust B U/W/O Xxxxxx Xxxxxxxxx,
dated March 12, 1980, F/B/O
Samantha Xxxxx Xxxxx
/s/ XXXX X. XXXXXXXX /s/ XXXXXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxx X. Xxxxxxxx, as Trustee Xxxxxxx Xxxxxxxxx, as Trustee
/s/ XXXX X. XXXXXXXX
----------------------------------
Xxxx X. Xxxxxxxx, as Custodian
under the California Uniform
Transfers to Minors Act, F/B/O
Xxxx Xxxxx Xxxxx
Xxxxxxx Schnitzer and Xxxx X.
Xxxxxxxx, Trustees, Trust B
U/W/O Xxxxxx Xxxxxxxxx,
dated March 12, 1980,
F/B/O Xxxx Xxxxx Xxxxx
/s/ XXXX X. XXXXXXXX /s/ XXXXXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxx X. Xxxxxxxx, as Trustee Xxxxxxx Xxxxxxxxx, as Trustee
/s/ X. XXXXXXX XXXXX
----------------------------------
X. Xxxxxxx Xxxxx
/s/ XXXX XXXXXXXXX
----------------------------------
Xxxx Xxxxxxxxx
FIRST INTERSTATE BANK OF
OREGON, N.A. (formerly First
National Bank of Oregon) and
XXXX XXXXXXXXX, Trustees,
for Xxxx Xxxxxxxxx, et al,
under Trust Agreement dated FIRST INTERSTATE BANK OF
January 30, 1970 OREGON, N.A.
NKA Xxxxx Fargo Bank, N.A.
/s/ XXXX XXXXXXXXX /s/ XXXXXX X. XXXX, VP
---------------------------------- ----------------------------------
Xxxx Xxxxxxxxx, as Trustee By: Xxxxxx X. Xxxx
Title: Vice President &
Area Manager
6
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
Xxxx X. Xxxxx Irrevocable Trust,
Xxxxx Xxxxxxxxx, Trustee
U/A/D 4/10/95
/s/ XXXXX XXXXXXXXX
----------------------------------
Xxxxx Xxxxxxxxx, as Trustee
/s/ XXXXX XXXXXXXXX
----------------------------------
Xxxxx Xxxxxxxxx
FIRST INTERSTATE BANK OF
OREGON, N.A. (formerly First
National Bank of Oregon) and
XXXXX XXX XXXXXXXXX, Trustees
for Xxxxx Xxx Xxxxxxxxx, et al,
under Trust Agreement dated FIRST INTERSTATE BANK OF
January 30, 1970 OREGON, N.A.
NKA Xxxxx Fargo Bank, N.A.
/s/ XXXXX XXXXXXXXX /s/ XXXXXX X. XXXX, VP
---------------------------------- ----------------------------------
Xxxxx Xxxxxxxxx, as Trustee By: Xxxxxx X. Xxxx
Title: Vice President & Area Manager
/s/ XXXXX XXXXXXXXX
----------------------------------
Xxxxx Xxxxxxxxx, as Custodian
under the Oregon Uniform Transfers
to Minors Act, F/B/O
Xxxxxxx X. Xxxxxxx
/s/ XXXXX XXXXXXXXX
----------------------------------
Xxxxx Xxxxxxxxx, as Custodian
under the Oregon Uniform Transfers
to Minors Act, F/B/O
Xxxxxxx X. Xxxxxxx
7
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
/s/ XXXXX XXXXXXXXX
----------------------------------
Xxxxx Xxxxxxxxx, as Custodian
under the Oregon Uniform Transfers
to Minors Act, F/B/O
Xxxxxxx X. Xxxxxxx
/s/ XXXX XXXXXXXXX
----------------------------------
Xxxx Xxxxxxxxx, Trustee of
Schnitzer Trust 2-3-2 dated
December 27, 1991, F/B/O
Xxxxxxx X. Xxxxxxx
/s/ XXXX XXXXXXXXX
----------------------------------
Xxxx Xxxxxxxxx, Trustee of
Schnitzer Trust 2-3-3 dated
December 27, 1991, F/B/O
Xxxxxxx X. Xxxxxxx
/s/ XXXX XXXXXXXXX
----------------------------------
Xxxx Xxxxxxxxx, Trustee of
Schnitzer Trust 2-3-4 dated
December 27, 1991, F/B/O
Xxxxxxx X. Xxxxxxx
8
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
Xxxxxxx Xxxxxxxxx and
Xxxxxx X. Xxxxxxxxx, Trustees
U/A/D February 7, 1989, with
Xxxxxxx Xxxxxxxxx
/s/ XXXXXXX XXXXXXXXX /s/ XXXXXX X. XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxxxx Xxxxxxxxx, as Trustee Xxxxxx X. Xxxxxxxxx, as Trustee
Xxxxxx X. Xxxxxxxxx and
Xxxxxxx Xxxxxxxxx, Trustees
U/A/D February 7, 1989, with
Xxxxxx X. Xxxxxxxxx
/s/ XXXXXXX XXXXXXXXX /s/ XXXXXX X. XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxxxx Xxxxxxxxx, as Trustee Xxxxxx X. Xxxxxxxxx, as Trustee
/s/ XXXX XXXXXXXXX
----------------------------------
Xxxx Xxxxxxxxx
FIRST INTERSTATE BANK OF
OREGON, N.A. and XXXX
XXXXXXXXX, Trustees for
Xxxx Xxxxxxxxx, et al, under
Trust Agreement dated FIRST INTERSTATE BANK
January 30, 1970 OF OREGON, N.A.
NKA Xxxxx Fargo Bank, N.A.
/s/ XXXX XXXXXXXXX /s/ XXXXXX X. XXXX, VP
---------------------------------- ----------------------------------
Xxxx Xxxxxxxxx, as Trustee By: Xxxxxx X. Xxxx
Title: Vice President &
Area Manager
/s/ XXXXXXX XXXXXXXXX
----------------------------------
Xxxxxxx Xxxxxxxxx
/s/ XXXX XXXXXXXXX
----------------------------------
Xxxx Xxxxxxxxx, Trustee
U/A/D January 2, 1974,
F/B/O Xxxxxxx Xxxxxxxxx
9
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
/s/ XXXX XXXXXXXXX, Trustee
----------------------------------
Xxxx Xxxxxxxxx, Trustee
U/A/D December 12, 1986,
F/B/O Xxxxxxx Xxxxxxxxx
Xxxxxxx X. Xxxxxx and
Xxxxxxx X. Xxxxxx, Trustees
U/A/D 7/31/91, fbo
Xxxxxxx X. Xxxxxx
/s/ XXXXXXX X. XXXXXX /s/ X. X. XXXXXX
---------------------------------- ----------------------------------
Xxxxxxx X. Xxxxxx, as Trustee Xxxxxxx X. Xxxxxx, as Trustee
FIRST INTERSTATE BANK OF
OREGON, N.A. and XXXXXXX XXXXXX,
Trustees for Xxxxxxx Xxxxxx,
et al, under Trust Agreement FIRST INTERSTATE BANK OF
dated January 30, 1970 OREGON, N.A.
NKA Xxxxx Fargo Bank, NA
/s/ XXXXXXX X. XXXXXX /s/ XXXXXX X. XXXX, VP
---------------------------------- ----------------------------------
Xxxxxxx X. Xxxxxx, as Trustee By: Xxxxxx X. Xxxx, VP
Title: Vice President &
Area Manager
Xxxxxxx X. Xxxxxx and
Xxxxxxx X. Xxxxxx, Trustees
U/A/D 7/31/91, fbo
Xxxxxxx X. Xxxxxx
/s/ XXXXXXX X. XXXXXX /s/ X. X. XXXXXX
---------------------------------- ----------------------------------
Xxxxxxx X. Xxxxxx, as Trustee Xxxxxxx X. Xxxxxx, as Trustee
/s/ XXXXXXX XXXXXX
----------------------------------
Xxxxxxx X. Xxxxxx
/s/ XXXXXXX X. XXXXXX
----------------------------------
Xxxxxxx X. Xxxxxx, Trustee
U/A/D July 1, 1974,
F/B/O Xxxxxxx X. Xxxxxx
10
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
/s/ XXXXXXX X. XXXXXX
----------------------------------
Xxxxxxx X. Xxxxxx, Trustee
X/X/X Xxxxxxxx 00, 0000,
X/X/X Xxxxxxx X. Xxxxxx
/s/ XXXXXXX X. XXXXXX
----------------------------------
Xxxxxxx X. Xxxxxx, Trustee
X/X/X Xxxxxxx 0, 0000,
X/X/X Xxxxxxx X. Xxxxxx
/s/ XXXXXXX X. XXXXXX
----------------------------------
Xxxxxxx X. Xxxxxx, Trustee
U/A/D December 12, 1986,
F/B/O Xxxxx X. Xxxxxx
/s/ XXXXXXX X. XXXXXX
----------------------------------
Xxxxxxx X. Xxxxxx, Trustee
U/A/D April 30, 1976,
F/B/O Xxxxx X. Xxxxxx
/s/ XXXXXXX X. XXXXXX
----------------------------------
Xxxxxxx X. Xxxxxx, as Custodian
under the Oregon Uniform
Transfers to Minors Act,
F/B/O Xxxxx X. Xxxxxx
11
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
Xxxxxxx Xxxxxxxxx and
Xxxx X. Xxxxxxxxx, Trustees
U/A/D May 3, 1989, with
Xxxxxxx Xxxxxxxxx
/s/ XXXXXXX XXXXXXXXX /s/ XXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxxxx Xxxxxxxxx, as Trustee Xxxx X. Xxxxxxxxx, as Trustee
Xxxx X. Xxxxxxxxx and
Xxxxxxx Xxxxxxxxx, Trustees
U/A/D May 3, 1989, with
Xxxx X. Xxxxxxxxx
/s/ XXXXXXX XXXXXXXXX /s/ XXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxxxx Xxxxxxxxx, as Trustee Xxxx X. Xxxxxxxxx, as Trustee
Xxxx X. Xxxxxxxxx and
Xxxxxxx Xxxxxxxxx, Trustees
U/A/D May 3, 1989, with
Xxxx X. Xxxxxxxxx; and
Xxxxxxx Xxxxxxxxx and Xxxx X.
Xxxxxxxxx, Trustees U/A/D
May 3, 1989, with Xxxxxxx
Xxxxxxxxx, each trust to take
as a tenant in common
/s/ XXXXXXX XXXXXXXXX /s/ XXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxxxx Xxxxxxxxx, as Trustee Xxxx X. Xxxxxxxxx, as Trustee
Xxxx X. Xxxxxx and Xxxxxx X.
Xxxxxx, as Co-Trustees under
Trust Agreement with Xxxx X.
Xxxxxx dated 4/21/93
/s/ XXXX X. XXXXXX /s/ XXXXXX X. XXXXXX
---------------------------------- ----------------------------------
Xxxx X. Xxxxxx, as Trustee Xxxxxx X. Xxxxxx, as Trustee
12
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
/s/ XXXXXXX XXXXXX
----------------------------------
Xxxxxxx Xxxxxxx Xxxxxx
Xxxx X. Xxxxxx, Family
Trustee and Xxxx Xxxxxxxxx
Xxxxxxx, Independent Trustee
U/A/D December 22, 1994, F/B/O
Xxxxxxx Xxxxxxx Xxxxxx
/s/ XXXX X. XXXXXX /s/ XXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxx X. Xxxxxx, as Trustee Xxxx Xxxxxxxxx Xxxxxxx, Trustee
Xxxx X. Xxxxxx, Family
Trustee and Xxxx Xxxxxxxxx
Xxxxxxx, Independent Trustee
U/A/D December 22, 1994, F/B/O
Xxxxxx Xxxxx Xxxxxx
/s/ XXXX X. XXXXXX /s/ XXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxx X. Xxxxxx, as Trustee Xxxx Xxxxxxxxx Xxxxxxx, Trustee
/s/ XXXXX X. XXXXXX
----------------------------------
Xxxxx X. Xxxxxx
FIRST INTERSTATE BANK OF
OREGON, N.A. (formerly First
National Bank of Oregon) and
XXXXX XXXXXXXXXXX, Trustees
for Xxxxx Xxxxxxxxxxx, et al,
under Trust Agreement FIRST INTERSTATE BANK
dated January 30, 1970 OR OREGON, N.A.
NKA Xxxxx Fargo Bank, N.A.
/s/ XXXXX X. XXXXXX /s/ XXXXXX X. XXXX, VP
---------------------------------- ----------------------------------
Xxxxx X. Xxxxxx By: Xxxxxx X. Xxxx
Title: Vice President & Area Manager
/s/ XXXXX X. XXXXXXXXXXX
----------------------------------
Xxxxx X. Xxxxxxxxxxx
13
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
Xxxxx X. Xxxxxx, Family
Trustee and Mardi X. Xxxxxxxxx,
Independent Trustee U/A/D
December 22, 1994, F/B/O
Xxxxx X. Xxxxxxxxxxx
/s/ XXXXX X. XXXXXX /s/ MARDI X. XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxx X. Xxxxxx, as Trustee Mardi X. Xxxxxxxxx, as Trustee
/s/ XXXXX X. XXXXXXXXXXX
----------------------------------
Xxxxx X. Xxxxxxxxxxx
Xxxxx X. Xxxxxx, Family
Trustee and Mardi X. Xxxxxxxxx,
Independent Trustee U/A/D
December 22, 1994, F/B/O
Xxxxx X. Xxxxxxxxxxx
/s/ XXXXX X. XXXXXX /s/ MARDI X. XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxx X. Xxxxxx, as Trustee Mardi X. Xxxxxxxxx, as Trustee
/s/ XXXXXX XXX SCHNITZER
----------------------------------
Xxxxxx Xxx Schnitzer
FIRST INTERSTATE BANK OF
OREGON, N.A. (formerly First
National Bank of Oregon) and
XXXXXX XXXXXXXXX, Trustees for
Xxxxxx Xxxxxxxxx, et al,
under Trust Agreement FIRST INTERSTATE BANK OF
dated January 30, 1970 OREGON, N.A.
NKA Xxxxx Fargo Bank, N.A.
/s/ XXXXXX XXXXXXXXX /s/ XXXXXX X. XXXX, VP
---------------------------------- ----------------------------------
Xxxxxx Xxxxxxxxx, as Trustee By: Xxxxxx X. Xxxx
Title: Vice President & Area Manager
14
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
/s/ MARDI X. XXXXXXXXX
----------------------------------
Mardi X. Xxxxxxxxx
FIRST INTERSTATE BANK OF
OREGON, N.A. (formerly First
National Bank of Oregon) and
Mardi Schnitzer Xxxxxxx,
Trustees for Mardi Schnitzer
Xxxxxxx, et al,
under Trust Agreement FIRST INTERSTATE BANK OF
dated January 30, 1970 OREGON, N.A.
NKA Xxxxx Fargo Bank, N.A.
/s/ MARDI X. XXXXXXXXX /s/ XXXXXX X. XXXX, VP
---------------------------------- ----------------------------------
Mardi X. Xxxxxxxxx, as Trustee By: Xxxxxx X. Xxxx
Title: Vice President & Area Manager
Mardi X. Xxxxxxxxx, Family
Trustee, and Xxxx X. Xxxxxx
and Xxxxx X. Xxxxxx, Independent
Trustees U/A/D December 22,
1994, F/B/O Xxxxx X. Xxxxxxx
/s/ MARDI X. XXXXXXXXX /s/ XXXX X. XXXXXX
---------------------------------- ----------------------------------
Mardi X. Xxxxxxxxx, as Trustee Xxxx X. Xxxxxx, as Trustee
/s/ XXXXX X. XXXXXX
----------------------------------
Xxxxx X. Xxxxxx, as Trustee
Mardi X. Xxxxxxxxx, Family
Trustee, and Xxxx X. Xxxxxx
and Xxxxx X. Xxxxxx, Independent
Trustees U/A/D December 22,
1994, F/B/O Xxxx X. Xxxxxxx
/s/ MARDI X. XXXXXXXXX /s/ XXXX X. XXXXXX
---------------------------------- ----------------------------------
Mardi X. Xxxxxxxxx, as Trustee Xxxx X. Xxxxxx, as Trustee
/s/ XXXXX X. XXXXXX
----------------------------------
Xxxxx X. Xxxxxx, as Trustee
15
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
Xxxx Xxxxxxxxx Xxxxxxx
and Xxxxxxx X. Xxxxxxx,
Trustees U/A/D 2/22/95,
F/B/O Xxxx Xxxxxxxxx Xxxxxxx
/s/ XXXX XXXXXXXXX XXXXXXX /s/ XXXXXXX X. XXXXXXX
---------------------------------- ----------------------------------
Xxxx Xxxxxxxxx Xxxxxxx, as Trustee Xxxxxxx X. Xxxxxxx, as Trustee
FIRST INTERSTATE BANK OF
OREGON, N.A. (formerly First
National Bank of Oregon) and
XXXX XXXXXXXXX, Trustees for
Xxxx Xxxxxx Xxxxxxxxx, et al,
under Trust Agreement FIRST INTERSTATE BANK OF
dated January 30, 1970 OREGON, N.A.
NKA Xxxxx Fargo Bank, N.A.
/s/ XXXX XXXXXXXXX /s/ XXXXXX X. XXXX, VP
---------------------------------- ----------------------------------
Xxxx Xxxxxxxxx, as Trustee By: Xxxxxx X. Xxxx
Title: Vice President & Area Manager
Xxxx Xxxxxxxxx Xxxxxxx, Family
Trustee and Xxxx Xxxx Xxxxxxxxx,
Independent Trustee U/A/D
December 22, 1994, F/B/O
Brooke Xxxxxxxx Xxxxxxx
/s/ XXXX XXXXXXXXX XXXXXXX /s/ XXXX XXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxx Xxxxxxxxx Xxxxxxx, as Trustee Xxxx Xxxx Xxxxxxxxx, as Trustee
Xxxx Xxxxxxxxx Xxxxxxx, Family
Trustee and Xxxx Xxxx Xxxxxxxxx,
Independent Trustee U/A/D
December 22, 1994, F/B/O
Lauren Xxxxxxxx Xxxxxxx
/s/ XXXX XXXXXXXXX XXXXXXX /s/ XXXX XXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxx Xxxxxxxxx Xxxxxxx, as Trustee Xxxx Xxxx Xxxxxxxxx, as Trustee
16
SCHNITZER STEEL INDUSTRIES, INC.
SECOND AMENDMENT TO VOTING TRUST AND BUY-SELL AGREEMENT
-------------------------------------------------------
XXXXXXX XXXXXXXXX FAMILY GROUP--SHAREHOLDER SIGNATURE PAGE
Xxxx Xxxx Xxxxxxxxx
Revocable Trust U/A/D 8/19/94,
Xxxxxxx X. Xxxxxxxxx, Xxxxx X.
Xxxxxx and Xxxx Xxxx Xxxxxxxxx,
Collectively as Trustee
/s/ XXXXXXX X. XXXXXXXXX /s/ XXXX XXXX XXXXXXXXX
---------------------------------- ----------------------------------
Xxxxxxx X. Xxxxxxxxx, as Trustee Xxxx Xxxx Xxxxxxxxx, as Trustee
/s/ XXXXX X. XXXXXX
----------------------------------
Xxxxx X. Xxxxxx, as Trustee
FIRST INTERSTATE BANK OF
OREGON, N.A. (formerly First
National Bank of Oregon) and
XXXX XXXXXXXXX, Trustees for
Xxxx Xxxx Xxxxxxxxx, et al,
under Trust Agreement FIRST INTERSTATE BANK OF
dated January 30, 1970 OREGON, N.A.
NKA Xxxxx Fargo Bank, N.A.
/s/ XXXX XXXXXXXXX /s/ XXXXXX X. XXXX, VP
---------------------------------- ----------------------------------
Xxxx Xxxxxxxxx, as Trustee By: Xxxxxx X. Xxxx
Title: Vice President & Area Manager
17
