Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 141

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 141
---

termination, a transaction in respect of a Competing Proposal is consummated or the Company enters into a definitive agreement in respect of a Competing Proposal, then the Company shall pay to Parent the Company Termination Fee, less any Expenses
previously paid, no later than three Business Days following the consummation of such transaction; , that, solely for purposes of this , the term “Competing Proposal” shall have the
meaning ascribed thereto in , except that all references to 15% shall be changed to 50%.

(d) If this Agreement is terminated pursuant to (or pursuant to any other provision of
at a time when the Company would have been entitled to terminate this Agreement pursuant to ), then Parent shall pay to the Company $15,000,000 (the “”) no later than three Business Days following such termination.

(e) (i) If this Agreement is terminated
(A) pursuant to or (B) pursuant to , and (ii) in any such case a Competing Proposal shall have been publicly announced (and not
publicly withdrawn) after the date of this Agreement and prior to the date of the Parent Stockholders Meeting, in the case of , or the date of termination, in the case of , and (iii) if within 12 months after
the date of such termination, a transaction in respect of a Competing Proposal is consummated or Parent enters into a definitive agreement in respect of a Competing Proposal, then Parent shall pay to the Company the Parent Termination Fee, less any
Expenses previously paid, no later than three Business Days following the consummation of such transaction; that, solely for purposes of this , the term “Competing Proposal” shall
have the meaning ascribed thereto in , except that all references to 15% shall be changed to 50%.

91

(f) If this Agreement is terminated pursuant to
and as of the date of such termination (x) the Parent Stockholders Meeting has been held and the Parent Stockholder Approval was obtained and (y) neither the Parent Board nor a committee
thereof shall have effected a Parent Adverse Recommendation Change, then the Company shall pay or cause to be paid to Parent the Expenses of Parent no later than three Business Days after such termination.

(g) If this Agreement is terminated pursuant to and as of the date of such termination
(x) the Company Shareholders Meeting has been held and the Company Shareholder Approval was obtained and (y) neither the Parent Board nor a committee thereof