Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 114

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 114
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 other Party’s reasonable request) of the status of any request, inquiry or
Competing Proposal (including the material terms and conditions thereof and of any material modification thereto), and any material developments, discussions and negotiations, including furnishing unredacted copies of any written material
correspondence related to the terms and conditions of the Competing Proposal and draft documentation. Without limiting the foregoing, each Party shall promptly (and in any event within twenty-four (24) hours) notify the other Party orally and
in writing if it determines to begin providing information or to engage in discussions or negotiations concerning a Competing Proposal pursuant to this .

(d) Notwithstanding anything in this to the contrary, at any time prior to obtaining the Parent
Stockholder Approval or the Company Shareholder Approval, the Parent Board or the Company Board, respectively, may make a Parent Adverse Recommendation Change or a Company Adverse Recommendation Change, as applicable, if (i) such board of
directors determines that an Intervening Event has occurred and (ii) such board of directors determines in good faith (after consultation with outside counsel) that the failure to make a Parent Adverse Recommendation Change or a Company Adverse
Recommendation Change, as applicable, in response to such Intervening Event would reasonably be expected to be inconsistent with such directors’ fiduciary duties to the stockholders of Parent or the shareholders of the Company, as applicable,
under applicable Law; that (x) the Parent Board or the Company Board has given the other Party at least five Business Days’ prior written notice of its intention to take such action and specifying in reasonable detail the
circumstances related to such determination and (y) prior to effecting a Parent Adverse Recommendation Change or a Company Adverse Recommendation Change, the applicable Party has negotiated in good faith with the other Party and its
Representatives during such notice period (to the extent such other Party wishes to negotiate) to enable such other Party to revise the terms of this Agreement, such that the failure to make a Parent Adverse Recommendation Change or a Company
Adverse Recommendation Change, as applicable, would reasonably be expected to be inconsistent with such directors’ fiduciary duties to its stockholders under applicable Law.

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(e) Nothing contained in this Agreement shall prohibit the Parent Board or the Company
Board from taking and disclosing to its shareholders a position contemplated by Rule 14d-9 or Rule 14e-2(a) promulgated under the Exchange Act regarding a Competing
Proposal, or