Document:

First Amendment to Agreement of Merger and Plan of Reorganization

 Exhibit 10.24 
  
 FIRST AMENDMENT 
 TO 
 AGREEMENT AND PLAN OF MERGER AND REORGANIZATION 
  
 THIS FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (the “Amendment”) is made as
of January 28, 2005, by and among Earle M. Jorgensen Holding Company, Inc., a Delaware corporation (“Holding”), Earle M. Jorgensen Company, a Delaware corporation (the “Company”), and EMJ Metals LLC, a Delaware
limited liability company (“EMJ Metals LLC”). 
  
 RECITALS 
  
 A. WHEREAS, Holding, the
Company and EMJ Metals LLC entered into that certain Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) dated as of December 17, 2004, pursuant to which, among other things, Holding will be merged with and into
EMJ Metals LLC, with EMJ Metals LLC surviving. 
  
 B. WHEREAS,
the parties to the Merger Agreement have determined that it is necessary to amend certain provisions of the Merger Agreement, all upon the terms and subject to the conditions set forth in this Amendment. 
  
 AGREEMENT 
  
 In consideration of the respective covenants and promises contained herein, the parties, intending to be legally bound,
agree as follows: 
  
 1. Amendment to Section 1.1 of the
Merger Agreement. Section 1.1 of the Merger Agreement is hereby amended to include, in its alphabetical order, the following definition: 
  
 “Kelso Affiliates” shall mean, collectively, William A. Marquard, George E. Matelich, Frank T. Nickell, David M. Roderick
and Thomas R. Wall, IV. 
  
 2. Amendment to Section 9.4(b) of
the Merger Agreement. Section 9.4(b) of the Merger Agreement is hereby amended and restated in its entirety to read as follows: 
  
 The Holding board of directors has determined that the authorization of this Agreement and approval of the Merger and the transactions
contemplated hereby shall require the affirmative vote of: (i) a majority of the issued and outstanding shares of Holding Common Stock and Series B Preferred Stock voting together as a class, (ii) a majority of the issued and outstanding shares of
Holding Series A Preferred Stock voting separately as a class, (iii) a majority of the issued and outstanding shares of Holding Common Stock and Series B Preferred Stock voting together as a class, excluding (for the purpose of counting the number
of shares eligible to vote and the number of shares voted) the shares of such stock owned by the Kelso Entities and the Kelso Affiliates and (iv) a majority of the issued and outstanding shares of Holding Series A Preferred Stock 

 voting separately as a class, excluding (for the purpose of counting the number of shares eligible to
vote and the number of shares voted ) the shares of such stock owned by the Kelso Entities and the Kelso Affiliates (the “Required Vote”). 
  
 3. Amendment to Section 10.1 of the Merger Agreement. Section 10.1 of the Merger Agreement is hereby amended and restated in its entirety to read
as follows: 
  
 Section 10.1 Conditions
Precedent to Each Party’s Obligation to Effect the Merger. The respective obligations of each party to effect the Merger shall be subject to the fulfillment at or prior to the Effective Date of the following conditions, provided that the
conditions contained in clauses (j) and (r) shall not be waivable: 
  
 4. Miscellaneous. Except as expressly set forth in Sections 1, 2 and 3 of this Amendment, all of the provisions of the Merger Agreement are hereby ratified and confirmed by the parties and shall remain in full force and effect. All
references in the Merger Agreement to “this Agreement” shall be read as references to the Merger Agreement, as amended by this Amendment. This Amendment may be executed in one or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute a single agreement. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York, without reference to conflicts of laws principles. All capitalized
terms herein shall have the meaning set forth in the Merger Agreement unless defined otherwise herein. 
  
 [The remainder of this page is blank.] 

 IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by the duly authorized officers
of the parties hereto on the date first written above. 
  

			
	EARLE M. JORGENSEN HOLDING COMPANY, INC.
		
	By:	 	 /s/ Maurice S. Nelson, Jr.

	Name:	 	Maurice S. Nelson, Jr.
	Title:	 	President, Chief Executive Officer and
	 	 	Chief Operating Officer
	
	EARLE M. JORGENSEN COMPANY
		
	By:	 	 /s/ Maurice S. Nelson, Jr.

	Name:	 	Maurice S. Nelson, Jr.
	Title:	 	President, Chief Executive Officer and
	 	 	Chief Operating Officer
	
	EMJ METALS LLC, by its sole member
	Earle M. Jorgensen Company
		
	By:	 	 /s/ Maurice S. Nelson, Jr.

	Name:	 	Maurice S. Nelson, Jr.
	Title:	 	President, Chief Executive Officer and
	 	 	Chief Operating OfficerSpecimen stock certificate

 EXHIBIT 4.1 
  

THIS CERTIFIES THAT 
 VICE PRESIDENT, CHIEF FINANCIAL OFFICER AND SECRETARY 
 PRESIDENT AND CHIEF EXECUTIVE
OFFICER 
 IS THE OWNER OF 
 COMMON STOCK COMMON STOCK 
 INCORPORATED UNDER THE LAWS 
 OF THE STATE OF DELAWARE 
 CUSIP 480829 10 0 
 SEE REVERSE FOR CERTAIN DEFINITIONS 
 FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON 
 STOCK, $0.001 PAR VALUE, OF EARLE M. JORGENSEN COMPANY 
 transferable on the books of the Corporation by the holder of record hereof 
 in person or by duly authorized attorney 
 upon surrender of this certificate properly endorsed. 
 This certificate is not valid unless
countersigned and registered by the 
 Transfer Agent and Registrar. 
 Witness the facsimile seal of the Corporation and the facsimile signatures of 
 its duly authorized officers. 
 Dated: 
 COUNTERSIGNED AND REGISTERED: 
 AMERICAN STOCK TRANSFER & TRUST COMPANY 
 (NEW YORK, NY) TRANSFER AGENT 
 AND REGISTRAR 
 BY: 
 AUTHORIZED OFFICER 
 EMJ 
 EARLE M. JORGENSEN COMPANY 

 For Value Received, hereby sell, assign and transfer unto 
 The following abbreviations, when used in the inscription on the face 
 of this certificate, shall be construed as though they were 
 written out in full according to applicable laws or regulations: 
 TEN COM 
 TEN ENT 
 JT TEN 
 as tenants in common 
 as tenants by the entireties 
 as joint tenants with right 
 of survivorship and not as tenants 
 in common 
 UNIF GIFT MIN ACT– Custodian 
 (Cust) (Minor) 
 under Uniform Gifts to Minors 
 Act 
 (State) 
 Additional abbreviations may also be used though not in the above 
 list. 
 – 
 – 
 – 
 of the capital stock represented by the within Certificate, and do 
 hereby irrevocably constitute and appoint 
 to transfer the said stock on the books of the within named Company 
 with full power of
substitution in the premises. 
 Dated 
 PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF ASSIGNEE 
 Shares 
 Attorney 
 THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND 
 WITH THE NAME AS WRITTEN UPON THE FACE OF THE 
 CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION 
 OR ENLARGEMENT, OR ANY CHANGE WHATEVER. NOTICE: 
 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, 
 INCLUDING ZIP CODE, OF ASSIGNEE) 
 The Corporation will furnish without charge to each stockholder who 
 so requests the
powers, designations, preferences and relative 

 participating, optional, or other special rights of each class of stock or 

series thereof and the qualifications, limitations or restrictions of such 
 preferences and/or rights. Such request may be made to the 
 Secretary of the Corporation or to the Transfer Agent. 
 THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE 
 GUARANTOR INSTITUTION (BANKS, 
 STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND 
 CREDIT UNIONS WITH MEMBERSHIP IN AN

 APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), 
 PURSUANT TO S.E.C. RULE 17Ad-15. 
 Signature(s) Guaranteed: 
 EARLE M. JORGENSEN COMPANY 
 KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, 
 STOLEN, MUTILATED OR DESTROYED, THE CORPORATION 
 WILL 
 REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE 
 ISSUANCE OF A REPLACEMENT CERTIFICATE.News Release

 EXHIBIT 10.6 
  
 Immediately 
  
 MURPHY AWARDS SECOND KIKEH AREA DEVELOPMENT CONTRACT 
  
 El Dorado, Arkansas, February 9, 2005 – Murphy Oil Corporation (NYSE: MUR) announced that its wholly owned subsidiary Murphy Sabah Oil Co., Ltd. has
awarded the Dry Tree Unit (DTU) contract for the Kikeh Area Field Development. 
  
 The contract for the DTU was awarded to Technip Marine (Malaysia) Sdn. Bhd. for the engineering, procurement, construction, installation and commissioning of the unit. A Spar hull will be used for the dry well support
structure and will be capable of holding 25 wells. The Spar will be delivered to the Kikeh field in late 2006 and will hold a tender assisted drilling rig to drill and complete the Kikeh wells. 
  
 All construction for the DTU will take place at Malaysia Shipyard and
Engineering Sdn. Bhd. 
  
 “This represents yet another
contract award made on schedule for the Kikeh Development,” said Claiborne P. Deming, Murphy Oil Corporation President and Chief Executive Officer. “We are eager to begin construction of the first ultra deepwater DTU to be used in
Malaysia.” 
  
 The Kikeh Development has a recoverable
reserve base in excess of 400 million barrels with associated expansion ability. Future announcements will continue to be made on the remaining portions of the field architecture. 
  
 The Kikeh Development is located in offshore Block K Malaysia which is operated by Murphy with an 80% working interest.
PETRONAS Carigali Sdn. Bhd., a wholly owned exploration and production company of PETRONAS, holds the remaining 20%. 
  
 The forward-looking statements reflected in this release are made in reliance upon the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. No assurance can be given that the results discussed herein will be attained, and certain important factors that may cause actual results to differ materially are contained in Murphy’s January 15, 1997 Form 8-K report on
file with the U.S. Securities and Exchange Commission. 
  
 ######

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]