0001047469-05-012972 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • May 3rd, 2005 • Novamerican Steel Inc • Steel works, blast furnaces & rolling & finishing mills

THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is made as of May , 2005 by and among Novamerican Steel Inc., a Canadian corporation (the "Company"), and the Stockholders and the Optionees (collectively the "Stakeholders").

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1,265,000 Shares NOVAMERICAN STEEL INC. Common Shares UNDERWRITING AGREEMENT
Underwriting Agreement • May 3rd, 2005 • Novamerican Steel Inc • Steel works, blast furnaces & rolling & finishing mills • Quebec

CIBC World Markets Corp. as Representative of the several Underwriters named in Schedule I hereto c/o CIBC World Markets Corp. 417 5th Avenue, 2nd Floor New York, New York 10016

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