Document:

EX-10.34

 Exhibit 10.34 
 THIRD AMENDMENT TO CREDIT AGREEMENT 
 This THIRD AMENDMENT TO CREDIT
AGREEMENT (this “Amendment”) is made as of June 1, 2012, by and between DONEGAL GROUP INC. a Delaware corporation (the “Borrower”) and MANUFACTURERS AND TRADERS TRUST COMPANY, a New York banking corporation (the
“Bank”); Witnesseth: 
 On June 21, 2010, the Borrower and the Bank executed and delivered that certain Credit
Agreement (the “Original Credit Agreement”). The Original Credit Agreement was amended pursuant to a First Amendment to Credit Agreement (“First Amendment”) dated October 12, 2010, by and between the Borrower and the Bank.
The Original Credit Agreement was amended pursuant to a Second Amendment to Credit Agreement (“Second Amendment”) dated June 1, 2011, by and between the Borrower and the Bank. The Original Credit Agreement as amended pursuant to the
First Amendment and the Second Amendment is hereinafter called the “Credit Agreement.” The Borrower and the Bank have agreed to amend a certain provision of the Credit Agreement subject to and in accordance with this Amendment. 

NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged by the parties hereto, the Bank and the Borrower agree as follows: 
 1. Recitals. The Bank and the Borrower
acknowledge that the above recitals to this Amendment are true and correct, and agree that the same are incorporated by reference into the body of this Amendment. Unless otherwise specifically defined herein, all terms defined by the provisions of
the Credit Agreement shall have the same meanings ascribed to such terms by the provisions of the Credit Agreement when used herein. 
 2.
Amendments to Credit Agreement. 
 2.1 The Credit Agreement is hereby amended by deleting the definition of the term
“Credit Expiration Date” appearing in Article 1 of the Credit Agreement in its entirety and by substituting the following in lieu thereof: 
 ““Credit Expiration Date” means July, 31, 2015.” 
 2.2
The Credit Agreement is hereby amended by deleting the third to the last sentence in Section 2.1 of the Credit Agreement in its entirety and by substituting the following in lieu thereof: 

“If the Bank agrees to so extend the Credit Expiration Date the Borrower agrees to pay to the Bank a renewal fee in the amount of
(a) from June 21, 2010, to and including May 31, 2012, .15% of the Credit Amount upon the Bank’s execution and delivery of the amendments described above; and (b) from June 1, 2012, and thereafter, .10% of the Credit
Amount upon the Bank’s execution and delivery of the amendments described above .” 

 2.3 The Credit Agreement is hereby amended by deleting Section 6.15 of the
Credit Agreement in its entirety and by substituting the following in lieu thereof: 
 “Section 6.15. Minimum
Interest Coverage Ratio. Calculated on a rolling eight (8) quarter basis, permit as of the end of any fiscal quarter of the Borrower the Interest Coverage Ratio of the Borrower to be less than (a) from June 21, 2010, to and
including May 31, 2012, 3 to 1; and (b) from June 1, 2012 and thereafter, 2 to 1.” 
 3. Representations and Warranties.
The Borrower represents and warrants to the Bank that each and all of the representations and warranties of the Borrower in the Credit Agreement and the other Financing Documents are true and correct on the date hereof as if the same were made
on the date hereof. 
 4. Amendment Only. This Amendment is only an agreement amending a certain provision of the Credit Agreement. All
of the provisions of the Credit Agreement are incorporated herein by reference and shall continue in full force and effect as amended by this Amendment. The Borrower hereby ratifies and confirms all of its obligations, liabilities and indebtedness
under the provisions of the Credit Agreement as amended by this Amendment. The Bank and the Borrower agree it is their intention that nothing herein shall be construed to extinguish, release or discharge or constitute, create or effect a novation
of, or an agreement to extinguish, any of the obligations, indebtedness and liabilities of the Borrower or any other party under the provisions of the Credit Agreement or under any of the other Financing Documents. 

5. Applicable Law, Etc. This Amendment shall be governed by the laws of the Commonwealth of Pennsylvania and shall be binding upon and inure to
the benefit of the Bank and the Borrower and their respective successors and assigns. 

  
 2 

 SIGNATURE PAGE TO THIRD AMENDMENT TO CREDIT AGREEMENT 

IN WITNESS WHEREOF, the Borrower and the Bank have executed this Amendment under their respective seals, the day and year first written
above. 
  

									
	WITNESS/ATTEST:	 		 	DONEGAL GROUP INC.
					
	 /s/ Jeffrey D. Miller
	 		 	By:	 	 /s/ Donald H. Nikolaus
	 	(Seal)
	Jeffrey D. Miller	 		 		 	Donald H. Nikolaus	 	
	Senior Vice President and Chief Financial Officer	 		 		 	President and Chief Executive Officer	 	
			
	WITNESS:	 		 	MANUFACTURERS AND TRADERS TRUST COMPANY
					
	 /s/ Abby L. Smith
	 		 	By:	 	 /s/ Kellie M. Matthews
	 	(Seal)
	Abby L. Smith	 		 		 	Kellie M. Matthews, Administrative Vice President	 	

 COMMONWEALTH OF PENNSYLVANIA, COUNTY OF Lancaster  

On the 3rd day of May, in the year 2012, before me, the undersigned, a Notary Public in and for said Commonwealth, personally
appeared Donald H. Nikolaus and Jeffrey D. Miller, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. 

 

			
	My Commission Expires:	 	  

		 	Notary Public

 COMMONWEALTH OF PENNSYLVANIA, COUNTY OF YORK 

On the 3rd day of May, in the year 2012, before me, the undersigned, a Notary Public in and for said Commonwealth, personally
appeared Kellie M. Matthews, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the
same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. 

 

			
	My Commission Expires:	 	  

		 	Notary Public

  
 2 

 FOURTH AMENDMENT TO CREDIT AGREEMENT 

This FOURTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made as of December 5, 2012, by and between DONEGAL GROUP
INC., a Delaware corporation (the “Borrower”) and MANUFACTURERS AND TRADERS TRUST COMPANY, a New York banking corporation (the “Bank”); Witnesseth: 
 On June 21, 2010, the Borrower and the Bank executed and delivered that certain Credit Agreement (the “Original Credit Agreement”). The Original Credit Agreement was amended pursuant to a
First Amendment to Credit Agreement (“First Amendment”) dated October 12, 2010, by and between the Borrower and the Bank. The Original Credit Agreement was amended pursuant to a Second Amendment to Credit Agreement (“Second
Amendment”) dated June 1, 2011, by and between the Borrower and the Bank. The Original Credit Agreement was amended pursuant to a Third Amendment to Credit Agreement (“Third Amendment”) dated June 1, 2012, by and between the
Borrower and the Bank. The Original Credit Agreement as amended pursuant to the First Amendment, the Second Amendment and the Third Amendment is hereinafter called the “Credit Agreement.” The Borrower and the Bank have agreed to amend
certain provisions of the Credit Agreement subject to and in accordance with this Amendment. 
 NOW THEREFORE, in consideration
of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the Bank and the Borrower agree as follows: 
 1. Recitals. The Bank and the Borrower acknowledge that the above recitals to this Amendment are true and correct, and agree that the same are incorporated by reference into the body of this
Amendment. Unless otherwise specifically defined herein, all terms defined by the provisions of the Credit Agreement shall have the same meanings ascribed to such terms by the provisions of the Credit Agreement when used herein. 

2. Amendments to Credit Agreement. 
 2.1 The Credit Agreement is hereby amended by deleting Section 6.1 of the Credit Agreement in its entirety and by substituting the following in lieu thereof: 

“ Section 6.1. Indebtedness. Without the prior written consent of the Bank (subject to the Bank’s sole discretion),
create, incur, assume or suffer to exist any Indebtedness, except: (a) Indebtedness of the Borrower under this Agreement and the Note; (b) Capital Lease Obligations in an amount not to exceed Five Million Dollars ($5,000,000);
(c) Indebtedness of the Borrower or its Subsidiaries existing as of the date of this Agreement, as the same may be refinanced or extended from time to time, so long as there is no increase in the principal amount outstanding thereunder; and
(d) Subordinated Debt of the Borrower, provided the aggregate principal amount of such Subordinated Debt does not exceed Fifty Million Dollars ($50,000,000).” 

  
 3 

 2.2 The Credit Agreement is hereby amended by deleting Section 6.3 of the Credit
Agreement in its entirety and by substituting the following in lieu thereof: 
 “ Section 6.3. Liens. Without the prior
written consent of the Bank (subject to the Bank’s sole discretion), create, incur, assume or suffer to exist any Lien, upon or with, respect to any of its real or personal properties, now owned or hereafter acquired, except: (a) Liens for
taxes or assessments or other government charges or levies if not yet due and payable or if due and payable, if they are being contested in good faith by appropriate proceedings and for which appropriate reserves are maintained; (b) Liens
imposed by law, such as mechanic’s materialmen’s, landlord’s, warehousemen’s and carrier’s Liens, and other similar Liens, securing obligations incurred in the ordinary course of business that are not past due for more than
forty-five (45) days, or that are being contested in good faith by appropriate proceedings and for which appropriate reserves have been established; (c) Liens under workers’ compensation, unemployment insurance, social security
or similar legislation (other than ERISA); (d) judgments and other similar Liens arising in connection with court proceedings; provided that the execution or other enforcement of such Liens is effectively stayed and the claims secured thereby
are being actively contested in good faith and by appropriate proceedings; (e) easements, rights-of-way, restrictions and other similar encumbrances that, in the aggregate, do not materially interfere with the occupation, use and enjoyment by
the Borrower or any of its Subsidiaries of the property or assets encumbered thereby in the normal course of its business or materially impair the value of the property subject thereto; (f) Liens consisting of pledges or deposits of property to
secure performance in connection with operating leases made in the ordinary course of business to which the Borrower or any Subsidiary is a party as lessee, provided the aggregate value of all such pledges and deposits in connection with any
such lease does not at any time exceed fifteen percent (15%) of the annual fixed rentals payable under such lease, and (g) deposits the Insurance Subsidiaries are required to maintain with state insurance departments in the states in which
they do business.” 
 3. Representations and Warranties. The Borrower represents and warrants to the Bank that each and all of the
representations and warranties of the Borrower in the Credit Agreement and the other Financing Documents are true and correct on the date hereof as if the same were made on the date hereof. 
 4. Amendment Only. This Amendment is only an agreement amending certain provisions of the Credit Agreement. All of the provisions of the Credit Agreement are incorporated herein by reference and
shall continue in full force and effect as amended by this Amendment. The Borrower hereby ratifies and confirms all of its obligations, liabilities and indebtedness under the provisions of the Credit Agreement as amended by this Amendment. The Bank
and the Borrower agree it is their intention that nothing herein shall be construed to extinguish, release or discharge or constitute, create or effect a novation of, or an agreement to extinguish, any of the obligations, indebtedness and
liabilities of the Borrower or any other party under the provisions of the Credit Agreement or under any of the other Financing Documents. 

5. Amendment Fee. In consideration for the Bank agreeing to the amendment to the Credit Agreement set forth herein, the Borrower agrees to pay to
the Bank an amendment fee in the amount of $2,500.00. 
 6. Applicable Law, Etc. This Amendment shall be governed by the laws of
the Commonwealth of Pennsylvania and shall be binding upon and inure to the benefit of the Bank and the Borrower and their respective successors and assigns. 

  
 4 

 SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT 

IN WITNESS WHEREOF, the Borrower and the Bank have executed this Amendment under their respective seals, the day and year first written
above. 
  

									
	WITNESS/ATTEST:	 		 	DONEGAL GROUP INC.
					
	 /s/ Jeffrey D. Miller
	 		 	By:	 	 /s/ Donald H. Nikolaus
	 	(Seal)
	Jeffrey D. Miller	 		 		 	Donald H. Nikolaus	 	
	Senior Vice President and Chief Financial Officer	 		 		 	President and Chief Executive Officer	 	
			
	WITNESS:	 		 	MANUFACTURERS AND TRADERS TRUST COMPANY
					
	 /s/ Abby L. Smith
	 		 	By:	 	 /s/ Kellie M. Matthews
	 	(Seal)
	Abby L. Smith	 		 		 	Kellie M. Matthews, Administrative Vice President	 	

 COMMONWEALTH OF PENNSYLVANIA, COUNTY OF LANCASTER  

On the 3rd day of December, in the year 2012, before me, the undersigned, a Notary Public in and for said Commonwealth, personally
appeared Donald H. Nikolaus and Jeffrey D. Miller, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. 

 

			
	My Commission Expires:	 	  

		 	Notary Public

 COMMONWEALTH OF PENNSYLVANIA, COUNTY OF YORK 

On the 3rd day of December, in the year 2012, before me, the undersigned, a Notary Public in and for said Commonwealth, personally
appeared Kellie M. Matthews, personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the
same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument. 

 

			
	My Commission Expires:	 	  

		 	Notary Public

  
 5EX-10.1

 Exhibit 10.1 
 Separation Agreement and General Release 
 This Separation and General
Release (this “Agreement”) is entered between and by Celso Lourenco Goncalves (“Goncalves”), an individual, and Metals USA Holdings Corp., a Delaware corporation, (the “Company”). 

WHEREAS, Goncalves and the Company are parties to an Employment Agreement, dated as of September 13, 2010 (the
“Employment Agreement”), which provides for Goncalves’ employment on the terms and conditions specified therein; 

WHEREAS, all of the Company’s issued and outstanding shares of Common Stock are expected to be acquired by Reliance
Steel & Aluminum Co. (“Reliance”) pursuant to an Agreement and Plan of Merger dated February 6, 2013 (the “Merger Agreement”) at the Effective Time (as that term is defined in Section 1.3 of the Agreement and
Plan of Merger) (the “Transaction”), subject to the terms and conditions set forth in the Merger Agreement; 

WHEREAS, in connection with the Transaction, Goncalves’ employment will be terminated without “Cause” under
Section 3(c) of the Employment Agreement effective immediately prior to the Effective Time (the “Termination Date”); 
 WHEREAS, pursuant to Section 4(e) of the Employment Agreement, Goncalves and the Company have agreed to execute a release of the type and nature set forth herein. 

NOW, THEREFORE, in consideration of the premises and mutual promises herein contained and for other good and valuable
consideration received or to be received in accordance with the terms of the Employment Agreement, it is agreed as follows: 

1. Termination. Goncalves employment with the Company and the Employment Agreement shall terminate as of the Termination Date,
provided that Sections 5, 6, 7, 8, 9(a), (d), (e), (f), (g), (h), (i), (j) and (k) shall survive termination of the Employment Agreement. 
 2. Separation Benefits. The Company shall provide Goncalves the following payments and benefits under Section 4(a) of the Employment Agreement: 

(i) Pursuant to Section 4(a)(ii)(x) of the Employment Agreement, on the next regular payroll date following the sixth month
anniversary of the Termination Date, the Company will pay Goncalves $750,000.00 in a lump sum. 
 (ii) Pursuant to
Section 4(a)(ii)(y) of the Employment Agreement, commencing on the first regular payroll date occurring in the thirteenth month following the Termination Date and continuing through the last payroll date falling in the twenty-fourth month
following the Termination Date, the Company shall pay Goncalves a total of $750,000.00 in approximately equal installments. 

(iii) Pursuant to Section 4(a)(iii) of the Employment Agreement, on the next regular payroll date following the Termination Date,
the Company shall pay Goncalves $307,398.00 in a lump sum, an amount representing a pro rata Annual Bonus for the 2013 performance year, provided, however, that this amount shall be increased by $3,014 per day for each calendar day the Effective
Time extends past April 12, 2013. 

 (iv) Pursuant to Section 4(a)(iv) of the Employment Agreement, (A) on the
Company’s first regular payroll date in March 2015, the Company shall pay Goncalves a lump sum amount equal to $1,100,000.00, and (B) on the Company’s first payroll date in March 2016, the Company shall pay Goncalves a lump sum amount
equal to $1,100,000.00. Goncalves and the Company agree that the foregoing payments shall be in full satisfaction of the Company’s obligations under Section 4(a)(iv) of the Employment Agreement. 

(v) Provided Goncalves elects to continue his and his beneficiaries’ participation in the Company’s health benefit plans in
which they participated prior to the Termination Date pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1986 (“COBRA”), the Company will reimburse Goncalves for the monthly cost of continuing such coverage within thirty
(30) days following the Company’s receipt of evidence of Goncalves’ payment for the lesser of: (x) eighteen (18) months following the month in which the Termination Date occurs; and (y) the period preceding the date
that Goncalves becomes eligible to receive group health plan coverage under another employee benefit plan. Notwithstanding the foregoing, if the reimbursement of monthly premiums would otherwise violate the nondiscrimination rules or cause the
reimbursement of claims to be taxable under the Patient Protection and Affordable Care Act of 2010, together with the Health Care and Education Reconciliation Act of 2010 (collectively, the “Healthcare Reform Act”) or Section 105(h)
of the Internal Revenue Code of 1986, as amended, these payments shall be treated as taxable payments and be subject to imputed income tax treatment to the extent necessary to eliminate any discriminatory treatment or taxation under the Act or
Section 105(h). 
 (vi) Unless otherwise permitted by applicable law, all amounts payable above shall be subject to
federal, state and local withholding taxes. 
 (vii) For clarity, the options and restricted stock awards that remain unvested
under the Non-Qualified Stock Option Award dated September 13, 2010, the Non-Qualified Stock Option Award dated January 1, 2012, the Restricted Stock Award dated September 13, 2010, the Restricted Stock Award dated January 1,
2012 and the Restricted Stock Award dated February 5, 2013, each awarded to Goncalves under the Metals USA Holdings Corp. 2010 Long Term Incentive Plan, shall fully vest immediately preceding the Effective Time and shall be transacted in
accordance with the terms of the Merger Agreement. Nothing in this Agreement shall impair any rights that Goncalves may have in connection with his ownership of Company common stock and vested options to acquire Company common stock, all of which
shall be transacted in accordance with the terms of the Merger Agreement. 
 (viii) The Company shall reimburse Goncalves for
his reasonable attorneys’ fees up to an aggregate of $25,000.00 that he incurs in the negotiation and execution of this Agreement. 
 3. No Obligation to Mitigate. Except as provided in Section 2(v) of this Agreement, in no event shall Goncalves be obligated to seek other employment or take any other action by way of
mitigation of the amounts payable to him under any of the provisions of this Agreement, and such amounts shall not be reduced or offset, whether or not Goncalves obtains other employment or in any other event, except as specifically provided in
Section 2(v). 

  
 2 

 4. Release by Goncalves. Without prejudice to enforcement of the covenants, promises
and/or rights reserved herein, Goncalves hereby irrevocably and unconditionally releases, acquits and forever discharges the Company, its parent, Reliance, each of their respective parents, subsidiaries and affiliates, all of their predecessors,
successors and assigns and all of the foregoing entities’ respective directors, officers, administrators, fiduciaries, employees and agents (but with respect to any individual, only in his or her official capacity and not in any personal
capacity unrelated thereto; collectively, “Releasees”), or any of them, from any and all charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, damages, actions, causes of action, suits, rights,
demands, costs, losses, debts and expenses (including attorneys’ fees and costs actually incurred) of any nature whatsoever, known or unknown, suspected or unsuspected, including, without limitation, under Title VII of the Civil Rights Act of
1964, as amended, the Federal Age Discrimination in Employment Act of 1967 (“ADEA”), as amended, the Employee Retirement Income Security Act (“ERISA”), as amended, the Civil Rights Act of 1991, as amended, the Rehabilitation Act
of 1973, as amended, the Older Workers Benefit Protection Act (“OWBPA”), as amended, the Worker Adjustment Retraining and Notification Act (“WARN”), as amended the Occupational Safety and Health Act of 1970 (“OSHA”),
the New York State Human Rights Law, the New York City Human Rights Law, and the Florida Human Rights Act that Goncalves now has, or has ever had, or ever will have, against each or any of the Releasees, by reason of any and all acts, omissions,
events, circumstances or facts existing or occurring up through the date of Goncalves’ execution hereof (any of the foregoing being a “Claim” or, collectively, the “Claims”), including without limitation any Claims arising
out or related to the Employment Agreement or the termination of his employment in connection with the Transaction. Anything to the contrary notwithstanding in this Agreement or the Employment Agreement, nothing herein shall release the Company or
any other Releasee from any Claims based on (i) any right Goncalves may have to enforce this Agreement or the surviving terms of the Employment Agreement, (ii) any right or claim that arises after the date of this Agreement, (iii) any
right Goncalves may have to vested benefits or other vested entitlements under any applicable plan, agreement, program, award, policy or arrangement of the Company, (iv) Goncalves’ eligibility for indemnification and advancement of
expenses in accordance with applicable laws or the certificate of incorporation and by-laws of the Company, or any applicable insurance policy, (v) any right Goncalves may have to obtain contribution as permitted by law in the event of entry of
judgment against Goncalves as a result of any act or failure to act for which Goncalves, on the one hand, and the Company or any other Releasee, on the other hand, are jointly liable or (vi) any rights Goncalves may have as a shareholder of the
Company or any affiliate. 
 5. Release by the Company. In consideration of Goncalves’ release set forth above, the
Company, on its behalf and on behalf of the other Releasees, hereby unconditionally releases Goncalves and his heirs and legal representatives from any and all Claims, to be effective upon the effectiveness and non-revocation of this Agreement.
Anything to the contrary notwithstanding in this Agreement or the Employment Agreement, nothing herein shall release Goncalves from any Claims based on (i) any right the Company or any Releasee may have to enforce this Agreement or the
surviving terms of the Employment Agreement, (ii) any right or claim that arises after the date of this Agreement; or (iii) Goncalves’ willful misconduct or fraudulent or criminal acts. 

6. Permitted Activities. Section 6(b) of the Employment Agreement shall not prohibit Apollo Management, L.P.
(“Apollo”) from retaining Goncalves to evaluate investment opportunities for Apollo or its affiliate investment funds and to serve on the board of directors of one or more portfolio companies in which Apollo or its affiliate funds invest.

 7. Full Settlement. Goncalves agrees that the payments and benefits contemplated by Section 2 of this Agreement
shall be in full satisfaction of any rights and benefits due to him upon a termination of his employment with the Company, including without limitation, any rights and benefits under the Employment Agreement (other than those rights and benefits
specifically preserved in Section 4 of this Agreement). 
 8. Period to Review. Goncalves understands that he has
been given a period of 21 days to review and consider this Agreement before signing it pursuant to ADEA. Goncalves further understands that he may use as much of this 21-day period as he wishes prior to signing. 

  
 3 

 9. Period to Revoke. Goncalves acknowledges and represents that he understands that
he may revoke this Agreement within 7 days of signing this Agreement. Revocation can be made by delivering a written notice of revocation pursuant to Section 9(h) of the Employment Agreement. For this revocation to be effective, written notice
must be received no later than the close of business on the seventh day after Goncalves signs this Agreement. If Goncalves revokes this Agreement, the Company shall have no obligations to Goncalves under Section 4 of the Employment Agreement.

 10. No Reliance. Goncalves and the Company, respectively, represent and acknowledge that in executing this Agreement
neither of them is relying upon, and has not relied upon, any representation or statement not set forth herein made by any of the agents, representatives or attorneys of the parties with regard to the subject matter, basis or effect of this
Agreement or otherwise. 
 11. No Admission. This Agreement shall not in any way be construed as an admission by any
party or any of the other Releasees that it or they have acted wrongfully or that the parties have any rights whatsoever except as specifically set forth herein. 
 12. Enforceability. It is the desire and intent of the parties hereto that the provisions of this Agreement be enforced to the fullest extent permissible under law. Should any provision hereof be
invalid or otherwise unenforceable under any present or future law, such provision affected will be curtailed and limited to the extent necessary to bring it within the requirements of law, and the remaining provisions of this Agreement will remain
in full force and effect and be fully valid and enforceable. 
 13. Representations. Goncalves represents and agrees that
(a) he has, to the extent he desires, discussed all aspects of this Agreement with his attorney, (b) he has carefully read and fully understands all of the provisions of this Agreement, (c) he is voluntarily and knowingly entering
into this Agreement; and (d) he understands that this Agreement includes a release of claims based upon age discrimination under the ADEA. 
 14. Miscellaneous. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to the conflict of laws principles thereof.
Capitalized terms not defined in this Agreement shall have the meaning set forth in the Employment Agreement. This Agreement is binding on the parties hereto and the successors and assigns thereof, and sets forth the entire agreement between the
parties hereto with respect to the subject matter hereof; and once executed by both parties hereto, fully supersedes any and all prior agreements or understandings between the parties hereto pertaining to the subject matter hereof; may not be
changed except by explicit written agreement to that effect subscribed by the parties hereto; and may be signed in counterparts (including by facsimile or .PDF). 
 [Signature Page Follows] 

  
 4 

 WHEREFORE, this Agreement shall become effective and enforceable as of the date last
written below. 
  

							
		 	CELSO LOURENCO GONCALVES	 	
			
		 	/s/ Celso Lourenco Goncalves	 	        3/8/2013                

		 		 		 	Date                           
 
		 		 		 	
		 		 		 	
		 	METALS USA HOLDINGS CORP.	 	
				
		 	By:	 	/s/ William A. Smith II	 	        3/8/2013                

		 		 	Name: William A. Smith II	 	Date                           
 
		 		 	Title: SVP, CLO & Secretary	 	
		 		 		 	

  

  
 5

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