Citadel Equity Fund Ltd. Citadel Credit Trading Ltd. c/o Citadel Investment Group, L.L.C.Options Agreement • May 27th, 2005 • Citadel Investment Group LLC • Wholesale-metals service centers & offices
This letter agreement confirms our understanding that you will hold certain options and act as nominee for the benefit of Citadel Equity Fund Ltd. and Citadel Credit Trading Ltd. (the “Citadel Funds”) with respect to certain options received by you from Metals USA, Inc. (the “Company”). The parties confirm that the Company granted you a nonqualified stock option to purchase up to 22,500 shares of its common stock that will vest over a period of three years pursuant to a Stock Option Agreement, dated May 17, 2004 (as amended), by and between the Company and you. You have agreed to hold such options for the benefit of and solely as the nominee of the Citadel Funds and do not claim or have any legal, beneficial or other interest in such options or in the Company other than being the record owner of the options on the books and records of the Company. So long as such options shall be held in your name, you will hold such options solely as the nominee of the Citadel Funds, will exercise suc
AMENDED AND RESTATED JOINT FILING AGREEMENTJoint Filing Agreement • May 27th, 2005 • Citadel Investment Group LLC • Wholesale-metals service centers & offices
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned acknowledges and agrees that a statement on Schedule 13D (including any amendments thereto) with respect to the Common Stock, $0.01 par value per share (the “Shares”), of Metals USA, Inc., shall be filed on behalf of each of the undersigned and acknowledges that as contemplated by Section 13d-1(k)(1)(ii), no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Agreement may be executed in any number of counterparts and all such counterparts taken together shall constitute one and the same instrument.
