Document:

Exhibit 4.11

 

EXECUTION
COPY

 

 

REGISTRATION
RIGHTS AGREEMENT

 

Dated April 18,
2008

 

among

 

STEEL DYNAMICS,
INC.,

 

as Issuer,

 

the Guarantors
named herein

 

and

 

BANC OF AMERICA
SECURITIES LLC,

MORGAN STANLEY
& CO. INCORPORATED,

GOLDMAN, SACHS
& CO.,

ABN AMRO
INCORPORATED

and

WELLS FARGO
SECURITIES, LLC

 

as Initial
Purchasers

 

 

 

REGISTRATION RIGHTS AGREEMENT

 

THIS
REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made and entered into April 18,
2008, among STEEL DYNAMICS, INC., an Indiana corporation (the “Company”), the
subsidiaries of the Company listed on Schedule I hereto (the “Guarantors”) and
BANC OF AMERICA SECURITIES LLC, MORGAN STANLEY & CO. INCORPORATED,
GOLDMAN, SACHS & CO., ABN AMRO INCORPORATED and WELLS FARGO
SECURITIES, LLC (the “Initial Purchasers”).

 

This
Agreement is made pursuant to the Purchase Agreement dated April 15, 2008,
among the Company, the Initial Purchasers and the Guarantors (the “Purchase
Agreement”), which provides for the sale by the Company to the Initial
Purchasers of an aggregate of $125,000,000 principal amount of the Company’s
73⁄4% Senior Notes Due 2016  representing
an additional issuance of the Company’s 73⁄4% Senior Notes Due 2016 which will be
treated as a single class with the $375,000,000 aggregate principal amount of
73⁄4% Senior Notes due 2016 issued on April 3, 2008 (collectively, the “Securities”).  The Securities will be fully and
unconditionally guaranteed on a senior unsecured basis by the Guarantors.  In order to induce the Initial Purchasers to
enter into the Purchase Agreement, the Company and the Guarantors agreed to
provide to the Initial Purchasers and their direct and indirect transferees the
registration rights set forth in this Agreement.  The execution of this Agreement is a
condition to the closing under the Purchase Agreement.

 

In
consideration of the foregoing, the parties hereto agree as follows:

 

1.             Definitions.

 

As
used in this Agreement, the following capitalized defined terms shall have the
following meanings:

 

“1933
Act” shall mean the Securities Act of 1933, as amended from time to time.

 

“1934 Act”
shall mean the Securities Exchange Act of 1934, as amended from time to time.

 

 “Closing Date” shall mean the Closing
Date as defined in the Purchase Agreement.

 

“Company”
shall have the meaning set forth in the preamble and shall also include the
Company’s successors.

 

“Exchange Offer”
shall mean the exchange offer by the Company of Exchange Securities for
Registrable Securities pursuant to Section 2(a) hereof.

 

“Exchange Offer
Registration” shall mean a registration under the 1933 Act effected
pursuant to Section 2(a) hereof.

 

1

 

“Exchange Offer
Registration Statement” shall mean an exchange offer registration statement
on Form S-4 (or, if applicable, on another appropriate form) and all
amendments and supplements to such registration statement, in each case
including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

 

“Exchange
Securities” shall mean securities issued by the Company and guaranteed by
the Guarantors under the Indenture containing terms identical to the Securities
(except that (i) interest thereon shall accrue from the last date on which
interest was paid on the Securities or, if no such interest was paid, April 3,
2008, (ii) the Exchange Securities will not contain restrictions on
transfer, and (iii) the Exchange Securities are not entitled to Additional
Interest) and to be offered to Holders of Securities in exchange for Securities
pursuant to the Exchange Offer.

 

“Free Writing
Prospectus” shall mean each free writing prospectus (as defined in Rule 405
under the 1933 Act) prepared by or on behalf of the Company or used by the
Company in connection with the Registrable Securities or the Exchange
Securities.

 

“Guarantors”
shall have the meaning set forth in the preamble and shall also include any
Guarantor’s successor.

 

“Holder”
shall mean the Initial Purchasers, for so long as they own any Registrable
Securities, and each of their successors, assigns and direct and indirect
transferees who become registered owners of Registrable Securities under the
Indenture; provided that for purposes of Sections 4 and 5 of this
Agreement, the term “Holder” shall include Participating Broker-Dealers (as defined
in Section 4(a)).

 

“Indenture”
shall mean the Indenture relating to the Securities dated as of April 3,
2008, as supplemented by a first supplemental indenture dated as of April 18,
2008, among the Company, the Guarantors and Wells Fargo Bank, National
Association, as trustee, and as the same may be amended from time to time in
accordance with the terms thereof.

 

“Initial
Purchasers” shall have the meaning set forth in the preamble.

 

“Issuer
Information” shall mean material information about the Company, the
Guarantors or any of their respective securities that has been provided by or
on behalf of the Company and/or the Guarantors.

 

“Majority
Holders” shall mean the Holders of a majority of the aggregate principal
amount of outstanding Registrable Securities; provided that whenever the
consent or approval of Holders of a specified percentage of Registrable
Securities is required hereunder, Registrable Securities held by the Company or
any of its affiliates (as

 

 

such term is
defined in Rule 405 under the 1933 Act) (other than the Initial Purchasers
or subsequent Holders of Registrable Securities if such subsequent holders are
deemed to be such affiliates solely by reason of their holding of such
Registrable Securities) shall not be counted in determining whether such
consent or approval was given by the Holders of such required percentage or
amount.

 

“Person”
shall mean an individual, partnership, limited liability company, corporation,
trust or unincorporated organization, or a government or agency or political
subdivision thereof.

 

“Purchase
Agreement” shall have the meaning set forth in the preamble.

 

“Prospectus”
shall mean the prospectus included in a Registration Statement, including any
preliminary prospectus, and any such prospectus as amended or supplemented by
any prospectus supplement, including a prospectus supplement with respect to
the terms of the offering of any portion of the Registrable Securities covered
by a Shelf Registration Statement, and by all other amendments and supplements to
such prospectus, and in each case including all material incorporated by
reference therein.

 

“Registrable
Securities” shall mean the Securities and the guarantee thereof by the
Guarantors; provided, however, that the Securities and the
guarantee shall cease to be Registrable Securities (i) when such
Securities are exchanged for Exchange Securities, (ii) when a Registration
Statement with respect to such Securities and the guarantee shall have been
declared effective under the 1933 Act and such Securities and the guarantee
shall have been disposed of pursuant to such Registration Statement, (iii) when
such Securities and the guarantee have been sold to the public following the
expiration of the one-year period referred to in Rule 144 applicable to
securities held by non-affiliates under the 1933 Act or (iv) when such
Securities and the guarantee shall have otherwise ceased to be outstanding.

 

“Registration
Expenses” shall mean any and all expenses incident to performance of or
compliance by the Company and the Guarantors with this Agreement, including
without limitation:  (i) all SEC,
stock exchange or Financial Industry Regulatory Authority, Inc.
registration and filing fees, (ii) all fees and expenses incurred in
connection with compliance with state securities or blue sky laws (including
reasonable fees and disbursements of counsel for any underwriters or Holders in
connection with blue sky qualification of any of the Exchange Securities or
Registrable Securities), (iii) all expenses of any Persons in preparing or
assisting in preparing, word processing, printing and distributing any
Registration Statement, any Prospectus, any amendments or supplements thereto,
any underwriting agreements, securities sales agreements and other documents
relating to the performance of and compliance with this Agreement, (iv) all
rating agency fees, (v) all fees and disbursements relating to the
qualification of the Indenture under applicable securities laws, (vi) the
fees and disbursements of the Trustee and its counsel, (vii) the fees and
disbursements of counsel for the Company and the Guarantors and, in the case of
a Shelf Registration Statement, the fees and disbursements 

 

 

of one counsel for the
Holders (which counsel shall be selected by the Majority Holders and which counsel
may also be counsel for the Initial Purchaser) and (viii) the fees and
disbursements of the independent public accountants of the Company and the
Guarantors, including the expenses of any special audits or “cold comfort”
letters required by or incident to such performance and compliance, but
excluding fees and expenses of counsel to the underwriters (other than fees and
expenses set forth in clause (ii) above) or the Holders and underwriting
discounts and commissions and transfer taxes, if any, relating to the sale or
disposition of Registrable Securities by a Holder.

 

“Registration
Statement” shall mean any registration statement of the Company and the
Guarantors that covers any of the Exchange Securities or Registrable Securities
pursuant to the provisions of this Agreement and all amendments and supplements
to any such Registration Statement, including post-effective amendments, in
each case including the Prospectus contained therein, all exhibits thereto and
all material incorporated by reference therein.

 

“SEC” shall
mean the Securities and Exchange Commission.

 

“Shelf
Registration” shall mean a registration effected pursuant to Section 2(b) hereof.

 

“Shelf
Registration Statement” shall mean a “shelf” registration statement of the
Company and the Guarantors pursuant to the provisions of Section 2(b) of
this Agreement which covers all of the Registrable Securities on an appropriate
form under Rule 415 under the 1933 Act, or any similar rule that may
be adopted by the SEC, and all amendments and supplements to such registration
statement, including post-effective amendments, in each case including the
Prospectus contained therein, all exhibits thereto and all material
incorporated by reference therein.

 

“Trustee”
shall mean the trustee with respect to the Securities under the Indenture.

 

“Underwriter”
shall have the meaning set forth in Section 3 hereof.

 

“Underwritten
Registration” or “Underwritten Offering” shall mean a registration
in which Registrable Securities are sold to an Underwriter for reoffering to
the public.

 

2.             Registration Under the 1933 Act.

 

(a)           To the extent not prohibited by any applicable law or
applicable interpretation of the Staff of the SEC, the Company and the
Guarantors shall use their reasonable best efforts to cause to be filed an
Exchange Offer Registration Statement covering the offer by the Company and the
Guarantors to the Holders to exchange all of the Registrable Securities for
Exchange Securities and to have such Registration Statement remain effective
until the closing of the Exchange Offer. 
The Company and the Guarantors shall commence the Exchange Offer
promptly after the Exchange Offer Registration Statement has been declared
effective by the SEC and use its reasonable best efforts to have the Exchange
Offer consummated not later than

 

 

60 days after such effective date. 
The Company and the Guarantors shall commence the Exchange Offer by
mailing the related exchange offer Prospectus and accompanying documents to
each Holder, through DTC or otherwise, stating in such Prospectus or
accompanying documents, in addition to such other disclosures as are required
by applicable law:

 

(i)            that the Exchange
Offer is being made pursuant to this Registration Rights Agreement and that all
Registrable Securities validly tendered and not withdrawn will be accepted for
exchange;

 

(ii)           the dates of acceptance
for exchange (which shall be a period of at least 20 business days from the
date such notice is mailed) (the “Exchange Dates”);

 

(iii)          that any Registrable
Security not tendered will remain outstanding and continue to accrue interest,
but will not retain any rights under this Registration Rights Agreement;

 

(iv)          that Holders electing to
have a Registrable Security exchanged pursuant to the Exchange Offer will be
required to surrender such Registrable Security, together with the enclosed
letters of transmittal, to the institution and at the address (located in the
Borough of Manhattan, The City of New York) specified in the notice prior to
the close of business on the last Exchange Date; and

 

(v)           that Holders will be
entitled to withdraw their election, not later than the close of business on
the last Exchange Date, by sending to the institution and at the address
(located in the Borough of Manhattan, The City of New York) specified in the
notice a telegram, facsimile transmission or letter setting forth the name of
such Holder, the principal amount of Registrable Securities delivered for
exchange and a statement that such Holder is withdrawing his election to have
such Securities exchanged.

 

As
soon as practicable after the last Exchange Date, the Company shall:

 

(i)            accept for exchange
Registrable Securities or portions thereof tendered and not validly withdrawn
pursuant to the Exchange Offer; and

 

(ii)           deliver,
or cause to be delivered, to the Trustee for cancellation all Registrable
Securities or portions thereof so accepted for exchange by the Company and
issue, and cause the Trustee to promptly authenticate and mail to each Holder,
an Exchange Security equal in principal amount to the principal amount of the
Registrable Securities surrendered by such Holder.

 

The Company and the Guarantors shall use their reasonable best efforts
to complete the Exchange Offer as provided above and shall comply with the
applicable requirements of the 1933 Act, the 1934 Act and other applicable laws
and regulations in connection with the Exchange Offer.  The Exchange Offer shall not be subject to
any conditions, other than that the Exchange Offer does not violate applicable
law or any applicable interpretation of the Staff of the SEC.  The Company shall inform the Initial
Purchasers of the names and addresses of the

 

 

Holders to whom the Exchange Offer is made, and the Initial Purchasers
shall have the right, subject to applicable law, to contact such Holders and
otherwise facilitate the tender of Registrable Securities in the Exchange
Offer.

 

If the Company and the Guarantors effect the Exchange Offer, the
Company and the Guarantors shall be entitled to close the Exchange Offer twenty
(20) business days after such commencement (provided that the Company and the
Guarantors have accepted all the Securities theretofore validly tendered and
not withdrawn in accordance with the terms of the Exchange Offer).

 

Each Holder participating in the Exchange Offer shall be required to
represent to the Company and the Guarantors in writing that at the time of the
consummation of the Exchange Offer (i) any Exchange Securities received by
such Holder will be acquired in the ordinary course of business, (ii) such
Holder will have no arrangements or understanding with any Person to
participate in the distribution (within the meaning of the 1933 Act) of the
Exchange Securities and (iii) such Holder is not affiliate of either the
Company or any of the Guarantors within the meaning of Rule 405 under the
1933 Act, (iv) if such Holder is not a broker dealer, that it is not
engaged in and does not intend to engage in, the distribution of the Exchange
Securities and (v) if such Holder is a broker dealer, that it will receive
Exchange Securities for its own account in exchange for Securities that were
acquired as a result of market making activities or other trading activities
and that it will be required to acknowledge that it will deliver a prospectus
in connection with the resale of such Exchange Securities.

 

(b)           In the event that (i) the Company and the Guarantors
determine that the Exchange Offer Registration provided for in Section 2(a) above
is not available or may not be consummated as soon as practicable after the
last Exchange Date because it would violate applicable law or the applicable
interpretations of the Staff of the SEC, (ii) the Exchange Offer is not
for any other reason consummated by April 18, 2009 or (iii) the
Exchange Offer has been completed and in the opinion of counsel for the Initial
Purchasers a Registration Statement must be filed and a Prospectus must be
delivered by the Initial Purchasers in connection with any offering or sale of
Registrable Securities, the Company and the Guarantors shall use their reasonable
best efforts to cause to be filed as soon as practicable after such
determination, date or notice of such opinion of counsel is given to the
Company, as the case may be, a Shelf Registration Statement providing for the
sale by the Holders of all of the Registrable Securities and to have such Shelf
Registration Statement declared effective by the SEC.  In the event the Company and the Guarantors
are required to file a Shelf Registration Statement solely as a result of the
matters referred to in clause (iii) of the preceding sentence, the Company
and the Guarantors shall use their reasonable best efforts to file and have
declared effective by the SEC both an Exchange Offer Registration Statement
pursuant to Section 2(a) with respect to all Registrable Securities
and a Shelf Registration Statement (which may be a combined Registration
Statement with the Exchange Offer Registration Statement) with respect to
offers and sales of Registrable Securities held by the Initial Purchasers after
completion of the Exchange Offer.  The
Company and the Guarantors agree to use their reasonable best efforts to keep
the Shelf Registration Statement continuously effective until the expiration of
the one-year period referred to in Rule 144 applicable to securities held
by non-affiliates under the Securities

 

 

Act or such shorter period that will terminate when all of the
Registrable Securities covered by the Shelf Registration Statement have been
sold pursuant to the Shelf Registration Statement.  The Company and the Guarantors further agree
to supplement or amend the Shelf Registration Statement if required by the
rules, regulations or instructions applicable to the registration form used by
the Company and the Guarantors for such Shelf Registration Statement or by the 1933
Act or by any other rules and regulations thereunder for shelf
registration or if reasonably requested by a Holder with respect to information
relating to such Holder, and to use its reasonable best efforts to cause any
such amendment to become effective and such Shelf Registration Statement to
become usable as soon as thereafter practicable.  The Company and the Guarantors agree to
furnish to the Holders of Registrable Securities copies of any such supplement
or amendment promptly after its being used or filed with the SEC.  To the extent that the Company and the
Guarantors are required to include any Registrable Securities in a Shelf
Registration Statement, the Company and the Guarantors may include such Registrable
Securities on any other shelf registration statement otherwise filed by the
Company with respect to any of its other securities.

 

(c)           The Company and the Guarantors shall pay all Registration
Expenses in connection with the registration pursuant to Section 2(a) and
Section 2(b).  Each Holder shall pay
all underwriting discounts and commissions and transfer taxes, if any, relating
to the sale or disposition of such Holder’s Registrable Securities pursuant to
the Shelf Registration Statement.

 

(d)           An Exchange Offer Registration Statement pursuant to Section 2(a) hereof
or a Shelf Registration Statement pursuant to Section 2(b) hereof
will not be deemed to have become effective unless it has been declared
effective by the SEC; provided, however, that, if, after it has
been declared effective, the offering of Registrable Securities pursuant to a
Shelf Registration Statement is interfered with by any stop order, injunction
or other order or requirement of the SEC or any other governmental agency or
court, such Registration Statement will be deemed not to have become effective
during the period of such interference until the offering of Registrable
Securities pursuant to such Registration Statement may legally resume.  In the event the Exchange Offer is not consummated
and the Shelf Registration Statement is not declared effective on or prior to April 18,
2009, the interest rate on the Securities will be increased by .5% per annum
until the Exchange Offer is consummated or the Shelf Registration Statement is
declared effective by the SEC.

 

(e)           Without limiting the remedies available to the Initial
Purchasers and the Holders, the Company and the Guarantors acknowledge that any
failure by the Company or the Guarantors to comply with their obligations under
Section 2(a) and Section 2(b) hereof may result in material
irreparable injury to the Initial Purchasers or the Holders for which there is
no adequate remedy at law, that it will not be possible to measure damages for
such injuries precisely and that, in the event of any such failure, the Initial
Purchasers or any Holder may obtain such relief as may be required to
specifically enforce the Company’s  or
the Guarantors’ obligations under Section 2(a) and Section 2(b) hereof.

 

 

3.             Registration Procedures.

 

In
connection with the obligations of the Company and the Guarantors with respect
to the Registration Statements pursuant to Section 2(a) and Section 2(b) hereof,
the Company and the Guarantors shall as expeditiously as possible:

 

(a)           prepare and file with the SEC a Registration Statement on
the appropriate form under the 1933 Act, which form (x) shall be selected
by the Company and the Guarantors and (y) shall, in the case of a Shelf
Registration, be available for the sale of the Registrable Securities by the
selling Holders thereof and (z) shall comply as to form in all material
respects with the requirements of the applicable form and include all financial
statements required by the SEC to be filed therewith, and use their reasonable
best efforts to cause such Registration Statement to become effective and
remain effective in accordance with Section 2 hereof;

 

(b)           prepare and file with the SEC such amendments and
post-effective amendments to each Registration Statement as may be necessary to
keep such Registration Statement effective for the applicable period and cause
each Prospectus to be supplemented by any required prospectus supplement and,
as so supplemented, to be filed pursuant to Rule 424 under the 1933 Act;
to keep each Prospectus current during the period described under Section 4(3) and
Rule 174 under the 1933 Act that is applicable to transactions by brokers
or dealers with respect to the Registrable Securities or Exchange Securities;

 

(c)           in the case of a Shelf Registration, furnish to each Holder
of Registrable Securities, to counsel for the Initial Purchasers, to counsel
for the Holders and to each Underwriter of an Underwritten Offering of
Registrable Securities, if any, without charge, as many copies of each
Prospectus, including each preliminary Prospectus, and any amendment or supplement
thereto and such other documents as such Holder or Underwriter may reasonably
request, in order to facilitate the public sale or other disposition of the
Registrable Securities; and the Company and the Guarantors consent to the use
of such Prospectus and any amendment or supplement thereto in accordance with
applicable law by each of the selling Holders of Registrable Securities and any
such Underwriters in connection with the offering and sale of the Registrable
Securities covered by and in the manner described in such Prospectus or any
amendment or supplement thereto in accordance with applicable law;

 

(d)           use its reasonable best efforts to register or qualify the
Registrable Securities under all applicable state securities or “blue sky” laws
of such jurisdictions as any Holder of Registrable Securities covered by a
Registration Statement shall reasonably request in writing by the time the
applicable Registration Statement is declared effective by the SEC, to
cooperate with such Holders in connection with any filings required to be made
with the Financial Industry Regulatory Authority, Inc. and do any and all
other acts and things which may be reasonably necessary or advisable to enable
such Holder to consummate the disposition in each such jurisdiction of such

 

 

Registrable Securities owned by such Holder; provided,
however, that neither the Company nor any Guarantor shall be required to
(i) qualify as a foreign corporation or as a dealer in securities in any
jurisdiction where it would not otherwise be required to qualify but for this Section 3(d),
(ii) file any general consent to service of process or (iii) subject
itself to taxation in any such jurisdiction if it is not so subject;

 

(e)           in the case of a Shelf Registration, notify each Holder of
Registrable Securities who has provided contact information to the Company,
counsel for the Holders and counsel for the Initial Purchasers promptly and, if
requested by any such Holder or counsel, confirm such advice in writing (i) when
a Registration Statement has become effective and when any post-effective
amendment thereto has been filed and becomes effective, (ii) of any
request by the SEC or any state securities authority for amendments and
supplements to a Registration Statement and Prospectus or for additional
information after the Registration Statement has become effective, (iii) of
the issuance by the SEC or any state securities authority of any stop order
suspending the effectiveness of a Registration Statement or the initiation of
any proceedings for that purpose, (iv) if, between the effective date of a
Registration Statement and the closing of any sale of Registrable Securities
covered thereby, the representations and warranties of the Company or any
Guarantor contained in any underwriting agreement, securities sales agreement
or other similar agreement, if any, relating to the offering cease to be true
and correct in all material respects or if the Company or any Guarantor
receives any notification with respect to the suspension of the qualification of
the Registrable Securities for sale in any jurisdiction or the initiation of
any proceeding for such purpose, (v) of the happening of any event during
the period a Shelf Registration Statement is effective which makes any
statement made in such Registration Statement or the related Prospectus untrue
in any material respect or which requires the making of any changes in such
Registration Statement or Prospectus in order to make the statements therein
not misleading and (vi) of any determination by the Company or any
Guarantor that a post-effective amendment to a Registration Statement would be
appropriate;

 

(f)            make every reasonable effort to
obtain the withdrawal of any order suspending the effectiveness of a
Registration Statement at the earliest possible moment and provide immediate
notice to each Holder of the withdrawal of any such order;

 

(g)           in the case of a Shelf Registration, furnish to each Holder
of Registrable Securities, without charge, at least one conformed copy of each
Registration Statement and any post-effective amendment thereto (without
documents incorporated therein by reference or exhibits thereto, unless
requested);

 

(h)           in the case of a Shelf Registration, cooperate with the
selling Holders of Registrable Securities to facilitate the timely preparation
and delivery of certificates representing Registrable Securities to be sold and
not bearing any restrictive legends and enable such Registrable Securities to
be in such denominations (consistent with the provisions of the Indenture) and
registered in such names as the selling Holders may

 

 

reasonably request at least one business day
prior to the closing of any sale of Registrable Securities;

 

(i)            in the case of a Shelf
Registration, upon the occurrence of any event contemplated by Section 3(e)(v) hereof,
use its reasonable best efforts to prepare and file with the SEC a supplement
or post-effective amendment to a Registration Statement or the related
Prospectus or any document incorporated therein by reference or file any other
required document so that, as thereafter delivered to the purchasers of the
Registrable Securities, such Prospectus will not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the
statements therein, in the light of the circumstances under which they were
made, not misleading.  The Company and
the Guarantors agree to notify the Holders to suspend use of the Prospectus as
promptly as practicable after the occurrence of such an event, and the Holders
hereby agree to suspend use of the Prospectus until the Company and the
Guarantors have amended or supplemented the Prospectus to correct such
misstatement or omission;

 

(j)            a reasonable time prior to the
filing of any Registration Statement, any Prospectus, any amendment to a
Registration Statement or amendment or supplement to a Prospectus or any
document which is to be incorporated by reference into a Registration Statement
or a Prospectus after initial filing of a Registration Statement, provide
copies of such document to the Initial Purchasers and their counsel (and, in
the case of a Shelf Registration Statement, the Holders and their counsel) and
make such of the representatives of the Company and the Guarantors as shall be
reasonably requested by the Initial Purchasers or their counsel (and, in the
case of a Shelf Registration Statement, the Holders or their counsel) available
for discussion of such document, and shall not at any time file or make any
amendment to the Registration Statement, any Prospectus or any amendment of or
supplement to a Registration Statement or a Prospectus or any document which is
to be incorporated by reference into a Registration Statement or a Prospectus,
of which the Initial Purchasers and their counsel (and, in the case of a Shelf
Registration Statement, the Holders and their counsel) shall not have
previously been advised and furnished a copy or to which the Initial Purchasers
or their counsel (and, in the case of a Shelf Registration Statement, the
Holders or their counsel) shall object;

 

(k)           obtain a CUSIP number for all Exchange Securities or
Registrable Securities, as the case may be, not later than the effective date
of a Registration Statement;

 

(l)            cause the Indenture to be
qualified under the Trust Indenture Act of 1939, as amended (the “TIA”), in
connection with the registration of the Exchange Securities or Registrable
Securities, as the case may be, cooperate with the Trustee and the Holders to
effect such changes to the Indenture as may be required for the Indenture to be
so qualified in accordance with the terms of the TIA and execute, and use its
reasonable best efforts to cause the Trustee to execute, all documents as may
be required to effect such changes and all other forms and documents required
to be filed with the SEC to enable the Indenture to be so qualified in a timely
manner;

 

 

(m)          in
the case of a Shelf Registration, make available for inspection by a
representative of the Holders of the Registrable Securities, any Underwriter
participating in any disposition pursuant to such Shelf Registration Statement,
and attorneys and accountants designated by the Holders, at reasonable times
and in a reasonable manner, all financial and other records, pertinent
documents and properties of the Company and the Guarantors, and cause the
respective officers, directors and employees of the Company and the Guarantors
to supply all information reasonably requested by any such representative,
Underwriter, attorney or accountant in connection with a Shelf Registration
Statement;

 

(n)           in
the case of a Shelf Registration, use its reasonable best efforts to cause all
Registrable Securities to be listed on any securities exchange or any automated
quotation system on which similar securities issued by the Company or any
Guarantor are then listed if requested by the Majority Holders, to the extent
such Registrable Securities satisfy applicable listing requirements;

 

(o)           use
its best efforts to cause the Registrable Securities or the Exchange
Securities, as the case may be, to continue to be rated by two nationally
recognized statistical rating organizations (as such term is defined in Rule 436(g)(2) under
the 1933 Act);

 

(p)           if
reasonably requested by any Holder of Registrable Securities covered by a
Registration Statement, (i) promptly incorporate in a Prospectus
supplement or post-effective amendment such information with respect to such
Holder as such Holder reasonably requests to be included therein and (ii) make
all required filings of such Prospectus supplement or such post-effective
amendment as soon as the Company has received notification of the matters to be
incorporated in such filing; and

 

(q)           in
the case of a Shelf Registration, enter into such customary agreements and take
all such other actions in connection therewith (including those requested by
the Holders of a majority of the Registrable Securities being sold) in order to
expedite or facilitate the disposition of such Registrable Securities
including, but not limited to, an Underwritten Offering and in such connection,
(i) to the extent possible, make such representations and warranties to the
Holders and any Underwriters of such Registrable Securities with respect to the
business of the Company and its subsidiaries, the Registration Statement,
Prospectus and documents incorporated by reference or deemed incorporated by
reference, if any, in each case, in form, substance and scope as are
customarily made by issuers to underwriters in underwritten offerings and
confirm the same if and when requested, (ii) obtain opinions of counsel to
the Company and the Guarantors (which counsel and opinions, in form, scope and
substance, shall be reasonably satisfactory to the Holders and such
Underwriters and their respective counsel) addressed to each selling Holder and
Underwriter of Registrable Securities, covering the matters customarily covered
in opinions requested in connection with underwritten firm commitment
offerings, (iii) obtain “cold comfort” letters from the independent
certified public accountants of the Company and the Guarantors (and, if 

 

 

necessary, any other certified public
accountant of any subsidiary of the Company or any Guarantor, or of any
business acquired by the Company or any Guarantor for which financial
statements and financial data are or are required to be included in the
Registration Statement) addressed to each selling Holder and Underwriter of
Registrable Securities, such letters to be in customary form and covering
matters of the type customarily covered in “cold comfort” letters in connection
with underwritten firm commitment offerings, and (iv) deliver such
documents and certificates as may be reasonably requested by the Holders of a
majority in principal amount of the Registrable Securities being sold or the
Underwriters, and which are customarily delivered in underwritten offerings, to
evidence the continued validity of the representations and warranties of the
Company and the Guarantors made pursuant to clause (i) above and to
evidence compliance with any customary conditions contained in an underwriting
agreement.

 

In the
case of a Shelf Registration Statement, the Company and the Guarantors may
require each Holder of Registrable Securities to furnish to the Company and the
Guarantors such information regarding the Holder and the proposed distribution
by such Holder of such Registrable Securities as the Company and the Guarantors
may from time to time reasonably request in writing.

 

In the
case of a Shelf Registration Statement, each Holder agrees that, upon receipt
of any notice from the Company and the Guarantors of the happening of any event
of the kind described in Section 3(e)(v) hereof, such Holder will
forthwith discontinue disposition of Registrable Securities pursuant to a
Registration Statement until such Holder’s receipt of the copies of the
supplemented or amended Prospectus contemplated by Section 3(i) hereof,
and, if so directed by the Company and the Guarantors, such Holder will deliver
to the Company and the Guarantors (at its expense) all copies in its
possession, other than permanent file copies then in such Holder’s possession,
of the Prospectus covering such Registrable Securities current at the time of
receipt of such notice.  If the Company
and the Guarantors shall give any such notice to suspend the disposition of
Registrable Securities pursuant to a Registration Statement, the Company and
the Guarantors shall extend the period during which the Registration Statement
shall be maintained effective pursuant to this Agreement by the number of days
during the period from and including the date of the giving of such notice to
and including the date when the Holders shall have received copies of the
supplemented or amended Prospectus necessary to resume such dispositions.  The Company and the Guarantors may give any
such notice only twice during any 365-day period and any such suspensions may
not exceed 30 days for each suspension and there may not be more than two
suspensions in effect during any 365-day period.

 

The
Holders of Registrable Securities covered by a Shelf Registration Statement who
desire to do so may sell such Registrable Securities in an Underwritten
Offering.  In any such Underwritten
Offering, the investment banker or investment bankers and manager or managers
(the “Underwriters”) that will administer the offering will be selected by the
Majority Holders of the Registrable Securities included in such offering.

 

 

4.             Participation of
Broker-Dealers in Exchange Offer.

 

(a)           The
Staff of the SEC has taken the position that any broker-dealer that receives
Exchange Securities for its own account in the Exchange Offer in exchange for
Securities that were acquired by such broker-dealer as a result of
market-making or other trading activities (a “Participating Broker-Dealer”),
may be deemed to be an “underwriter” within the meaning of the 1933 Act and
must deliver a prospectus meeting the requirements of the 1933 Act in
connection with any resale of such Exchange Securities.

 

The
Company and the Guarantors understand that it is the Staff’s position that if
the Prospectus contained in the Exchange Offer Registration Statement includes
a plan of distribution containing a statement to the above effect and the means
by which Participating Broker-Dealers may resell the Exchange Securities,
without naming the Participating Broker-Dealers or specifying the amount of
Exchange Securities owned by them, such Prospectus may be delivered by
Participating Broker-Dealers to satisfy their prospectus delivery obligation
under the 1933 Act in connection with resales of Exchange Securities for their
own accounts, so long as the Prospectus otherwise meets the requirements of the
1933 Act.

 

(b)           In
light of the above, notwithstanding the other provisions of this Agreement, the
Company and the Guarantors agree that the provisions of this Agreement as they
relate to a Shelf Registration shall also apply to an Exchange Offer Registration
to the extent, and with such reasonable modifications thereto as may be,
reasonably requested by the Initial Purchasers or by one or more Participating
Broker-Dealers, in each case as provided in clause (ii) below, in order to
expedite or facilitate the disposition of any Exchange Securities by
Participating Broker-Dealers consistent with the positions of the Staff recited
in Section 4(a) above; provided that:

 

(i)            the Company and the
Guarantors shall not be required to amend or supplement the Prospectus
contained in the Exchange Offer Registration Statement, as would otherwise be
contemplated by Section 3(i), (A) after the Participating
Broker-Dealers shall have disposed of the Registrable Securities or (B) for
a period exceeding 180 days after the last Exchange Date (as such period may be
extended pursuant to the penultimate paragraph of Section 3 of this
Agreement) and Participating Broker-Dealers shall not be authorized by the
Company and the Guarantors to deliver and shall not deliver such Prospectus
after such period in connection with the resales contemplated by this Section 4;
and

 

(ii)           the application of
the Shelf Registration procedures set forth in Section 3 of this Agreement
to an Exchange Offer Registration, to the extent not required by the positions
of the Staff of the SEC or the 1933 Act and the rules and regulations
thereunder, will be in conformity with the reasonable request to the Company
and the Guarantors by the Initial Purchasers or with the reasonable request in
writing to the Company and the Guarantors by one or more broker-dealers who
certify to the Initial Purchasers and the Company and the Guarantors in writing
that they anticipate that they will be Participating Broker-Dealers; and provided
further that, in connection with such 

 

 

application of
the Shelf Registration procedures set forth in Section 3 to an Exchange
Offer Registration, the Company and the Guarantors shall be obligated (x) to
deal only with one entity representing the Participating Broker-Dealers, which
shall be Banc of America Securities LLC unless it elects not to act as such
representative, (y) to pay the fees and expenses of only one counsel
representing the Participating Broker-Dealers, which shall be counsel to the
Initial Purchasers unless such counsel elects not to so act and (z) to
cause to be delivered only one, if any, “cold comfort” letter with respect to
the Prospectus in the form existing on the last Exchange Date and with respect
to each subsequent amendment or supplement, if any, effected during the period
specified in clause (i) above.

 

(c)           The
Initial Purchasers shall have no liability to the Company, any Guarantor or any
Holder with respect to any request that it may make pursuant to Section 4(b) above.

 

5.             Indemnification
and Contribution.

 

(a)           Each
of the Company and the Guarantors agrees, jointly and severally, to indemnify
and hold harmless the Initial Purchasers, each Holder and each Person, if any,
who controls any Initial Purchasers or any Holder within the meaning of either Section 15
of the 1933 Act or Section 20 of the 1934 Act, or is under common control
with, or is controlled by, any Initial Purchasers or any Holder, from and
against all losses, claims, damages and liabilities (including, without
limitation, any legal or other expenses reasonably incurred by the Initial
Purchaser, any Holder or any such controlling or affiliated Person in
connection with defending or investigating any such action or claim) caused by
any untrue statement or alleged untrue statement of a material fact contained
in any Registration Statement (or any amendment thereto) pursuant to which
Exchange Securities or Registrable Securities were registered under the 1933
Act, including all documents incorporated therein by reference, or caused by
any omission or alleged omission to state therein a material fact required to
be stated therein or necessary to make the statements therein not misleading,
or caused by any untrue statement or alleged untrue statement of a material
fact contained in any Prospectus (as amended or supplemented if the Company and
the Guarantors shall have furnished any amendments or supplements thereto), any
Free Writing Prospectus or any Issuer Information filed or required to be filed
pursuant to Rule 433(d) under the 1933 Act, or caused by any omission
or alleged omission to state therein a material fact necessary to make the
statements therein in the light of the circumstances under which they were made
not misleading, except insofar as such losses, claims, damages or liabilities
are caused by any such untrue statement or omission or alleged untrue statement
or omission based upon information relating to the Initial Purchasers or any
Holder furnished to the Company or the Guarantors in writing through Banc of
America Securities LLC or any selling Holder expressly for use therein.  In connection with any Underwritten Offering
permitted by Section 3, the Company and each of the Guarantors will also
indemnify the Underwriters, if any, selling brokers, dealers and similar
securities industry professionals participating in the distribution, their
officers and directors and each Person who controls such Persons (within the
meaning of the 1933 Act and the 1934 Act) to the same extent as provided above
with respect to the indemnification of the Holders, if requested in connection
with any Registration Statement.

 

 

(b)           Each
Holder agrees, severally and not jointly, to indemnify and hold harmless the
Company, the Guarantors, the Initial Purchasers and the other selling Holders,
and each of their respective directors, officers who sign the Registration
Statement and each Person, if any, who controls the Company, the Guarantors,
any Initial Purchaser and any other selling Holder within the meaning of either
Section 15 of the 1933 Act or Section 20 of the 1934 Act to the same
extent as the foregoing indemnity from the Company and the Guarantors to the
Initial Purchasers and the Holders, but only with reference to information
relating to such Holder furnished to the Company and the Guarantors in writing
by such Holder expressly for use in any Registration Statement (or any
amendment thereto), any Prospectus (or any amendment or supplement thereto) or
any Free Writing Prospectus.

 

(c)           In
case any proceeding (including any governmental investigation) shall be instituted
involving any Person in respect of which indemnity may be sought pursuant to
either paragraph (a) or paragraph (b) above, such Person (the “indemnified
party”) shall promptly notify the Person against whom such indemnity may be
sought (the “indemnifying party”) in writing and the indemnifying party, upon
request of the indemnified party, shall retain counsel reasonably satisfactory
to the indemnified party to represent the indemnified party and any others the
indemnifying party may designate in such proceeding and shall pay the fees and
disbursements of such counsel related to such proceeding.  In any such proceeding, any indemnified party
shall have the right to retain its own counsel, but the fees and expenses of
such counsel shall be at the expense of such indemnified party unless (i) the
indemnifying party and the indemnified party shall have mutually agreed to the
retention of such counsel or (ii) the named parties to any such proceeding
(including any impleaded parties) include both the indemnifying party and the
indemnified party and representation of both parties by the same counsel would
be inappropriate due to actual or potential differing interests between
them.  It is understood that the
indemnifying party shall not, in connection with any proceeding or related
proceedings in the same jurisdiction, be liable for (a) the fees and
expenses of more than one separate firm (in addition to any local counsel) for
the Initial Purchasers and all Persons, if any, who control any Initial
Purchaser within the meaning of either Section 15 of the 1933 Act or Section 20
of the 1934 Act, (b) the fees and expenses of more than one separate firm
(in addition to any local counsel) for the Company and the Guarantors, their
directors, their officers who sign the Registration Statement and each Person,
if any, who controls the Company or the Guarantors within the meaning of either
such Section and (c) the fees and expenses of more than one separate
firm (in addition to any local counsel) for all Holders and all Persons, if
any, who control any Holders within the meaning of either such Section, and
that all such fees and expenses shall be reimbursed as they are incurred.  In such case involving the Initial Purchasers
and Persons who control the Initial Purchasers, such firm shall be designated
in writing by the Initial Purchasers.  In
such case involving the Holders and such Persons who control Holders, such firm
shall be designated in writing by the Majority Holders.  In all other cases, such firm shall be
designated by the Company.  The
indemnifying party shall not be liable for any settlement of any proceeding
effected without its written consent but, if settled with such consent or if
there be a final judgment for the plaintiff, the indemnifying party agrees to
indemnify the indemnified party from and against any loss or liability by
reason of such settlement or judgment. 
Notwithstanding the foregoing sentence, if at any time an indemnified
party shall have requested an indemnifying party to reimburse the indemnified
party for fees and expenses 

 

 

of counsel as contemplated by the second and third sentences of this
paragraph, the indemnifying party agrees that it shall be liable for any
settlement of any proceeding effected without its written consent if (i) such
settlement is entered into more than 30 days after receipt by such indemnifying
party of the aforesaid request and (ii) such indemnifying party shall not
have reimbursed the indemnified party for such fees and expenses of counsel in
accordance with such request prior to the date of such settlement.  No indemnifying party shall, without the
prior written consent of the indemnified party, effect any settlement of any
pending or threatened proceeding in respect of which such indemnified party is
or could have been a party and indemnity could have been sought hereunder by
such indemnified party, unless such settlement includes an unconditional
release of such indemnified party from all liability on claims that are the
subject matter of such proceeding.

 

(d)           If
the indemnification provided for in paragraph (a) or paragraph (b) of
this Section 5 is unavailable to an indemnified party or insufficient in
respect of any losses, claims, damages or liabilities, then each indemnifying
party under such paragraph, in lieu of indemnifying such indemnified party
thereunder, shall contribute to the amount paid or payable by such indemnified
party as a result of such losses, claims, damages or liabilities in such
proportion as is appropriate to reflect the relative fault of the indemnifying
party or parties on the one hand and of the indemnified party or parties on the
other hand in connection with the statements or omissions that resulted in such
losses, claims, damages or liabilities, as well as any other relevant equitable
considerations.  The relative fault of
the Company, the Guarantors and the Holders shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Company or the Guarantors or by the
Holders and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission.  The Holders’ respective obligations to
contribute pursuant to this Section 5(d) are several in proportion to
the respective principal amount of Registrable Securities of such Holder that
were registered pursuant to a Registration Statement.

 

(e)           The Company, the Guarantors and each
Holder agree that it would not be just or equitable if contribution pursuant to
this Section 5 were determined by pro  rata allocation or by
any other method of allocation that does not take account of the equitable
considerations referred to in paragraph (d) above.  The amount paid or payable by an indemnified
party as a result of the losses, claims, damages and liabilities referred to in
paragraph (d) above shall be deemed to include, subject to the limitations
set forth above, any legal or other expenses reasonably incurred by such
indemnified party in connection with investigating or defending any such action
or claim.  Notwithstanding the provisions
of this Section 5, no Holder shall be required to indemnify or contribute
any amount in excess of the amount by which the total price at which
Registrable Securities were sold by such Holder exceeds the amount of any
damages that such Holder has otherwise been required to pay by reason of such
untrue or alleged untrue statement or omission or alleged omission.  No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the 1933
Act) shall be entitled to contribution from any Person who was not guilty of
such fraudulent misrepresentation.  The
remedies provided for in this Section 5 are not exclusive and shall not
limit any rights or remedies which may otherwise be available to any
indemnified party at law or in equity.

 

 

The indemnity
and contribution provisions contained in this Section 5 shall remain
operative and in full force and effect regardless of (i) any termination
of this Agreement, (ii) any investigation made by or on behalf of the
Initial Purchasers, any Holder or any Person controlling any Initial
Purchaser or any Holder, or by or on behalf of the Company, the Guarantors,
their officers or directors or any Person controlling the Company or the
Guarantors, (iii) acceptance of any of the Exchange Securities and (iv) any
sale of Registrable Securities pursuant to a Shelf Registration Statement.

 

6.             Miscellaneous.

 

(a)           No
Inconsistent Agreements.  Neither the
Company nor the Guarantors have entered into, and on or after the date of this
Agreement will not enter into, any agreement which is inconsistent with the
rights granted to the Holders of Registrable Securities in this Agreement or
otherwise conflicts with the provisions hereof. 
The rights granted to the Holders hereunder do not in any way conflict
with and are not inconsistent with the rights granted to the holders of the
Company’s or the Guarantors’ other issued and outstanding securities under any
such agreements.

 

(b)           Amendments
and Waivers.  The provisions of this
Agreement, including the provisions of this sentence, may not be amended,
modified or supplemented, and waivers or consents to departures from the
provisions hereof may not be given unless the Company and the Guarantors have
obtained the written consent of Holders of at least a majority in aggregate
principal amount of the outstanding Registrable Securities affected by such
amendment, modification, supplement, waiver or consent; provided, however,
that no amendment, modification, supplement, waiver or consent to any departure
from the provisions of Section 5 hereof shall be effective as against any
Holder of Registrable Securities unless consented to in writing by such Holder.

 

(c)           Notices.  All notices and other communications provided
for or permitted hereunder shall be made in writing by hand-delivery,
registered first-class mail, telecopier, or any courier guaranteeing overnight
delivery (i) if to a Holder, at the most current address given by such
Holder to the Company by means of a notice given in accordance with the
provisions of this Section 6(c), which address initially is, with respect
to the Initial Purchasers, the address set forth in the Purchase Agreement; and
(ii) if to the Company or the Guarantors, initially at the Company’s
address set forth in the Purchase Agreement and thereafter at such other
address, notice of which is given in accordance with the provisions of this Section 6(c).

 

All
such notices and communications shall be deemed to have been duly given:  at the time delivered by hand, if personally
delivered; five business days after being deposited in the mail, postage
prepaid, if mailed; when receipt is acknowledged, if telecopied; and on the
next business day if timely delivered to an air courier guaranteeing overnight
delivery.

 

Copies
of all such notices, demands, or other communications shall be concurrently
delivered by the Person giving the same to the Trustee, at the address specified
in the Indenture.

 

 

(d)           Successors
and Assigns.  This Agreement shall
inure to the benefit of and be binding upon the successors, assigns and
transferees of each of the parties, including, without limitation and without
the need for an express assignment, subsequent Holders; provided that
nothing herein shall be deemed to permit any assignment, transfer or other
disposition of Registrable Securities in violation of the terms of the Purchase
Agreement.  If any transferee of any
Holder shall acquire Registrable Securities, in any manner, whether by
operation of law or otherwise, such Registrable Securities shall be held
subject to all of the terms of this Agreement, and by taking and holding such
Registrable Securities such Person shall be conclusively deemed to have agreed
to be bound by and to perform all of the terms and provisions of this Agreement
and such Person shall be entitled to receive the benefits hereof.  The Initial Purchasers (in their capacity as
Initial Purchasers) shall have no liability or obligation to the Company or the
Guarantors with respect to any failure by a Holder to comply with, or any
breach by any Holder of, any of the obligations of such Holder under this
Agreement.

 

(e)           Purchases
and Sales of Securities.  The Company
and the Guarantors shall not, and shall use their best efforts to cause their
affiliates (as defined in Rule 405 under the 1933 Act) not to, purchase
and then resell or otherwise transfer any Securities.

 

(f)            Third
Party Beneficiary.  The Holders shall
be third party beneficiaries to the agreements made hereunder between the
Company and the Guarantors, on the one hand, and the Initial Purchasers, on the
other hand, and shall have the right to enforce such agreements directly to the
extent it deems such enforcement necessary or advisable to protect its rights
or the rights of Holders hereunder.

 

(g)           Counterparts.  This Agreement may be executed in any number
of counterparts and by the parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

 

(h)           Headings.  The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

 

(i)            Governing
Law.  This Agreement shall be
governed by the laws of the State of New York.

 

(j)            Severability.  In the event that any one or more of the
provisions contained herein, or the application thereof in any circumstance, is
held invalid, illegal or unenforceable, the validity, legality and
enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be affected or impaired
thereby.

 

 

 

IN WITNESS
WHEREOF, the parties have executed this Agreement as of the date first written
above.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  STEEL DYNAMICS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E.
  Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SDI INVESTMENT
  COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  STEEL DYNAMICS
  SALES NORTH 

  AMERICA, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  NEW MILLENNIUM
  BUILDING 

  SYSTEMS, LLC

  
	
   

  	
  By: Steel
  Dynamics, Inc. Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ROANOKE ELECTRIC
  STEEL 

  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
				

 

 

	
   

  	
  NEW MILLENNIUM
  BUILDING

  SYSTEMS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SOCAR OF OHIO,
  INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  JOHN W. HANCOCK,
  JR., LLC

  
	
   

  	
  By: Roanoke
  Electric Steel Corporation, Sole

  
	
   

  	
  Member and
  Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  STEEL OF WEST
  VIRGINIA, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  STEEL VENTURES,
  INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SWVA, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
				

 

 

	
   

  	
  MARSHALL STEEL,
  INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SHREDDED PRODUCTS, LLC

  
	
   

  	
  By: Roanoke
  Electric Steel Corporation, Sole

  
	
   

  	
  Member and
  Manager

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SHREDDED PRODUCTS II, LLC

  
	
   

  	
  By: Steel
  Dynamics, Inc., Sole

  
	
   

  	
  Member and
  Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THE TECHS INDUSTRIES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OMNISOURCE CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ADMETCO, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
				

 

 

	
   

  	
  AUBURN INVESTMENT COMPANY, LLC

  
	
   

  	
  By: OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CAPITOL CITY METALS, LLC

  
	
   

  	
  By: OmniSource Indianapolis, LLC, Sole 

  Member

  
	
   

  	
  By: OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CAROLINA INVESTMENT COMPANY, 

  LLC

  
	
   

  	
  By: OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GLOBAL SHREDDING TECHNOLOGIES, 

  LTD., LLC

  
	
   

  	
  By: OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  INDUSTRIAL SCRAP CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  INDUSTRIAL SCRAP, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
				

 

 

	
   

  	
  JACKSON IRON & METAL COMPANY, 

  INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  LUCKY STRIKE METALS, LLC

  
	
   

  	
  By: OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  MICHIGAN PROPERTIES ECORSE, LLC

  
	
   

  	
  By: OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OMNISOURCE ATHENS DIVISION, LLC

  
	
   

  	
  By: OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OMNISOURCE BAY CITY, LLC

  
	
   

  	
  By: Jackson Iron & Metal
  Company, Inc., 

  Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OMNISOURCE INDIANAPOLIS, LLC

  
	
   

  	
  By: OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
				

 

 

	
   

  	
  OMNISOURCE, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OMNISOURCE MEXICO, LLC

  
	
   

  	
  By: OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OMNISOURCE TRANSPORT, LLC

  
	
   

  	
  By: OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  RECOVERY TECHNOLOGIES, LLC

  
	
   

  	
  By: OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SCIENTIFIC RECYCLING GROUP, LLC

  
	
   

  	
  By: OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SUPERIOR ALUMINUM ALLOYS, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Theresa E. Wagler

  
	
   

  	
  Name:

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
				

 

 

Confirmed and
accepted as of

  the date first above written:

 

BANC OF AMERICA SECURITIES LLC

MORGAN STANLEY & CO. INCORPORATED

GOLDMAN, SACHS & CO.

ABN AMRO INCORPORATED

WELLS FARGO SECURITIES, LLC

 

By:  BANC OF AMERICA SECURITIES LLC

 

 

	
  By:

  	
  /s/ Mike Browne

  	
   

  
	
  Name:

  	
  Mike Browne

  
	
  Title:

  	
  Managing
  Director

  

 

 

SCHEDULE I

 

Guarantors

 

	
  SDI Investment Company

  
	
  New Millennium Building Systems, LLC    

  
	
  Paragon Steel Enterprises, LLC

  
	
  Ferrous Resources, LLC

  
	
  STLD Holdings, Inc.

  
	
  Steel Dynamics Sales North America, Inc.

  
	
  Roanoke Electrical
  Steel Corporation

  
	
  Indiana Nugget, LLC

  
	
  Dynamic Composites, LLC

  
	
  Shredded Products, LLC 

  
	
  Shredded Products II, LLC

  
	
  John W. Hancock, Jr., LLC

  
	
  New Millennium Building
  Systems, Inc.

  
	
  Socar of Ohio, Inc.

  
	
  Steel of West Virginia, Inc. 

  
	
  SWVA, Inc.

  
	
  Marshall Steel, Inc.

  
	
  Steel Ventures, Inc. 

  
	
  Dynamic Aviation, LLC

  
	
  Indy Partners 1, LLC

  
	
  The Techs Industries, Inc.

  
	
  Mesabi Nugget Delaware, LLC

  
	
  OmniSource Corporation

  
	
  Admetco, Inc.

  
	
  Auburn Investment Company, LLC

  
	
  Capitol City Metals, LLC

  
	
  Carolina Investment Company, LLC

  
	
  Global Shredding Technologies, Ltd., LLC

  
	
  Industrial Scrap Corporation

  
	
  Industrial Scrap, LLC

  
	
  Jackson Iron & Metal Company, Inc.

  
	
  Lucky Strike Metals, LLC

  
	
  Michigan Properties Ecorse, LLC

  
	
  OmniSource Athens Division, LLC

  
	
  OmniSource Bay City, LLC

  
	
  OmniSource Indianapolis, LLC

  
	
  OmniSource, LLC

  
	
  OmniSource Mexico, LLC

  
	
  OmniSource Transport, LLC

  

 

Schedule I

 

 

	
  Recovery Technologies, LLC

  
	
  Scientific Recycling Group, LLC

  
	
  Speedbird Aviation, LLC

  
	
  Superior Aluminum Alloys, LLCEXHIBIT 4.12

 

EXECUTION COPY

 

STEEL DYNAMICS, INC.,

 

as Issuer,

 

the Guarantors Party Hereto,

 

as

Initial Subsidiary Guarantors

 

and

 

Wells Fargo Bank, National Association

as Trustee

 

 

First Supplemental Indenture

 

Dated as of April 18, 2008

 

 

73⁄4% Senior Notes due 2016

 

 

FIRST SUPPLEMENTAL
INDENTURE, dated as of April 18, 2008 (this “Supplemental Indenture”), by and among Steel Dynamics, Inc.,
an Indiana corporation (the “Company”),
the Guarantors listed on the signature pages hereto and Wells Fargo Bank,
National Association, a national banking association(or its permitted
successor), as trustee under the Indenture referred to below (the “Trustee”).

RECITALS

 

WHEREAS,
the Company and the other Guarantors party thereto have heretofore executed and
delivered to the Trustee an indenture (the “Indenture”), dated as of April 3, 2008, providing for
the issuance from time to time of 73⁄4% Senior Notes due 2016 (the “Notes”);

 

WHEREAS,
Section 9.01 of the Indenture provides, among other things, that the
Company and the Guarantors may amend or supplement the Indenture to provide for
the issuance of additional Notes;

 

WHEREAS,
the Company desires to amend the Indenture to provide for the issuance of $125,000,000
in aggregate principal amount of additional Notes that will not be registered
under the Securities Act of 1933, as amended, at the time of issuance but which
may be registered under the Securities Act at a later date and, in connection
therewith, to make certain other changes to the Indenture that will not materially
adversely affect the rights under the Indenture of any Holder; and

 

WHEREAS,
pursuant to Section 9.01 of the Indenture, the Trustee is authorized to
execute and deliver this Supplemental Indenture.

 

NOW
THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Company, the
Guarantors hereto and the Trustee mutually covenant and agree for the equal and
ratable benefit of the Holders of the Notes as follows:

 

1.     Capitalized Terms.  Capitalized terms used herein without
definition shall have the meanings assigned to them in the Indenture.

 

2.     Amendment to Article One.  The following paragraph shall be added to Section 1.01
of Article One of the Indenture and shall replace any existing definitions
(if applicable) in the Indenture prior to the date hereof:

 

“Registration
Rights Agreement” means (1) with respect to the Notes issued on April 3,
2008, the registration rights agreement among the Company, the Initial
Subsidiary Guarantors, Banc of America Securities LLC, Goldman, Sachs &
Co., Morgan Stanley & Co. Incorporated, ABN AMRO Incorporated and
Wells Fargo Securities, LLC, dated April 3, 2008, (2) with respect to
the Notes to be issued on the date of the First Supplemental Indenture, the
registration rights agreement among the Company, the Initial Subsidiary
Guarantors and Banc of America Securities LLC, Goldman, Sachs & Co., Morgan
Stanley & Co. Incorporated, ABN AMRO Incorporated and Wells Fargo
Securities, LLC, dated April 18, 2008 and (3) with respect to any
subsequent additional Notes, any registration rights agreement between the
Company and the other parties thereto relating to the registration by the
Company of such additional Notes under the Securities Act.

 

3.     Continued Effectiveness.  Except as expressly modified or amended
hereby, the Indenture continues in full force and effect and is in all respects
confirmed, ratified and 

 

 

preserved.  This Supplemental Indenture and all its
provisions shall be deemed a part of the Indenture in the manner and to the
extent herein and therein provided.

 

4.     NEW YORK LAW TO GOVERN.  THE LAW OF THE STATE OF NEW YORK SHALL GOVERN
AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE.

 

5.     Counterparts.  The parties may sign any number of copies of
this Supplemental Indenture.  Each signed
copy shall be an original, but all of them together represent the same
agreement.

 

6.     Effect of Headings.  The Section headings herein are for
convenience only and shall not affect the construction hereof.

 

7.     Trustee.  The Trustee shall not be responsible in any
manner whatsoever for or in respect of the validity or sufficiency of this
Supplemental Indenture or for or in respect of the recitals contained herein,
all of which recitals are made solely by the Company and the Guarantors listed
on the signature pages hereto.

 

 

[Remainder of page intentionally
left blank.]

 

 

IN
WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to
be duly executed and attested, all as of the date first above written.

 

 

Dated:  April 18, 2008

	
  STEEL DYNAMICS, INC.

  
	
   

  
	
   

  
	
  By:

  	
    /s/ Theresa E. Wagler

  
	
  Name:

  	
  Theresa E. Wagler

  
	
  Title:

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  SDI INVESTMENT COMPANY

  
	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
    /s/ Theresa E. Wagler

  
	
  Name:

  	
  Theresa E. Wagler

  
	
  Title:

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  STEEL DYNAMICS SALES NORTH

  AMERICA, INC.

  
	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
    /s/ Theresa E. Wagler

  
	
  Name:

  	
  Theresa E. Wagler

  
	
  Title:

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  NEW MILLENNIUM BUILDING 

  SYSTEMS, LLC

  
	
  By: 

  	
  Steel Dynamics, Inc. Sole Member

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
    /s/ Theresa E. Wagler

  
	
  Name:

  	
  Theresa E. Wagler

  
	
  Title:

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ROANOKE ELECTRIC STEEL 

  CORPORATION

  
	
   

  	
   

  	
   

  
	
  By:

  	
    /s/ Theresa E. Wagler

  
	
  Name: 

  	
  Theresa E. Wagler

  
	
  Title:

  	
  Vice President

  
					

 

 

	
   

  	
  NEW MILLENNIUM BUILDING 

  SYSTEMS, INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SOCAR OF OHIO, INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  JOHN W. HANCOCK, JR., LLC

  
	
   

  	
  By: 

  	
  Roanoke Electric Steel Corporation, Sole

  
	
   

  	
  Member and Manager

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  STEEL OF WEST VIRGINIA, INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  STEEL VENTURES, INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
						

 

 

	
   

  	
  SWVA, INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  MARSHALL STEEL, INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SHREDDED PRODUCTS, LLC

  
	
   

  	
  By: 

  	
  Roanoke Electric Steel Corporation, Sole

  
	
   

  	
  Member and Manager

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SHREDDED PRODUCTS II, LLC

  
	
   

  	
  By: 

  	
  Steel Dynamics, Inc., Sole

  
	
   

  	
  Member and Manager

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THE TECHS INDUSTRIES, INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
							

 

 

	
   

  	
  OMNISOURCE CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ADMETCO, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  AUBURN INVESTMENT COMPANY, LLC

  
	
   

  	
  By:

  	
  OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CAPITOL CITY METALS, LLC

  
	
   

  	
  By:

  	
  OmniSource Indianapolis, LLC, Sole

  
	
   

  	
  Member

  
	
   

  	
  By:

  	
  OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CAROLINA INVESTMENT COMPANY,

  
	
   

  	
  LLC

  
	
   

  	
  By:

  	
  OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
								

 

 

	
   

  	
  GLOBAL SHREDDING TECHNOLOGIES,

  
	
   

  	
  LTD., LLC

  
	
   

  	
  By:

  	
  OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  INDUSTRIAL SCRAP CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  INDUSTRIAL SCRAP, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  JACKSON IRON & METAL COMPANY,

  
	
   

  	
  INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  LUCKY STRIKE METALS, LLC

  
	
   

  	
  By:

  	
  OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
							

 

 

	
   

  	
  MICHIGAN PROPERTIES ECORSE, LLC

  
	
   

  	
  By:

  	
  OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OMNISOURCE ATHENS DIVISION, LLC

  
	
   

  	
  By:

  	
  OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OMNISOURCE BAY CITY, LLC

  
	
   

  	
  By:

  	
  Jackson Iron & Metal Company, Inc.,

  
	
   

  	
  Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OMNISOURCE INDIANAPOLIS, LLC

  
	
   

  	
  By:

  	
  OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  OMNISOURCE, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
							

 

 

	
   

  	
  OMNISOURCE MEXICO, LLC

  
	
   

  	
  By: 

  	
  OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  OMNISOURCE TRANSPORT, LLC

  
	
   

  	
  By: 

  	
  OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  RECOVERY TECHNOLOGIES, LLC

  
	
   

  	
  By: 

  	
  OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SCIENTIFIC RECYCLING GROUP, LLC

  
	
   

  	
  By: 

  	
  OmniSource Corporation, Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SUPERIOR ALUMINUM ALLOYS, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Theresa
  E. Wagler

  
	
   

  	
  Name: 

  	
  Theresa E. Wagler

  
	
   

  	
  Title:

  	
  Vice President

  
							

 

 

	
   

  	
  WELLS FARGO BANK,
  NATIONAL 

  
	
   

  	
  ASSOCIATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gregory S. Clarke

  
	
   

  	
   

  	
  Name:

  	
   Gregory S.
  Clarke

  
	
   

  	
   

  	
  Title:

  	
  Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]