OPEN MARKET SALE AGREEMENTSMOlympic Steel Inc • October 29th, 2009 • Wholesale-metals service centers & offices • New York
Olympic Steel, Inc., an Ohio corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell from time to time through Jefferies & Company, Inc., as sales agent and/or principal (the “Agent”), shares of the Company’s common stock without par value (the “Common Shares”), having an aggregate offering price of up to $75,000,000 on the terms set forth in this agreement (this “Agreement”). Each Common Share will include a right (“Right”) to purchase one one-hundredth of a share of the Company’s Series A Junior Participating Preferred Stock, without par value, on the terms and subject to the conditions set forth in the Rights Agreement, dated as of January 31, 2000 (the “Rights Agreement”), as amended by Amendment 1 to the Rights Agreement, dated as of September 16, 2008, by and between the Company and Mellon Investor Services LLC, as successor to National City Bank, as rights agent, while the Rights Agreement, or any replacement or subsequent righ
