Company: ZEUS
Filing Date: 2025-05-05
Form Type: S-3
Source: 0001437749-25-014524
Chunk: 24

Company: OLYMPIC STEEL INC
Filing Date: 2025-05-05
Form: S-3
Chunk 24
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 align='center'>15</div>

Consolidation, Merger and Sale of Assets

Except as otherwise set forth in the applicable prospectus supplement, we may not merge or consolidate with or into any other person, in a transaction in which we are not the surviving corporation, or sell, convey, transfer, lease or otherwise dispose of all or substantially all of the properties and assets of us and our subsidiaries, taken as a whole, to any person, unless:

| ● | the successor or transferee is a U.S. corporation, limited liability company, partnership, trust or other entity; |

| ● | the successor or transferee assumes our obligations on the debt securities and under the indenture pursuant to a supplemental indenture in form reasonably satisfactory to the trustee; |

| ● | immediately after giving effect to the transaction and treating our obligations in connection with or as a result of such transaction as having been incurred as of the time of such transaction, no default or event of default under the indenture shall have occurred and be continuing; and |

| ● | an officer’s certificate and an opinion of counsel have been delivered to the trustee in connection with the foregoing. |

In the event of the above transaction, if there is a successor or transferee, then the successor or transferee will expressly assume all of our obligations under the indenture and automatically be substituted for us in the indenture and as issuer of the debt securities and may exercise every right and power of ours under the indenture with the same effect as if such successor or transferee had been named in our place in the indenture; provided, however, that the predecessor company will not be relieved of the obligation to pay principal and interest on the debt securities except in the case of a sale of all of the assets of us and our subsidiaries.

Events of Default

Event of default means, with respect to any series of debt securities, any of the following:

| ● | default in the payment of any interest on any debt security of that series when it becomes due and payable, and continuance of that default for a period of 30 days; |

| ● | default in the payment of principal of, or premium on, any debt security of that series when due and payable; |

| ● | failure on our part to comply with the covenant described under “—Consolidation, Merger and Sale of Assets”; |

| ● | default in the performance or breach of any other covenant or warranty by us in the indenture or any supplemental indenture with respect to such series