Document:

Credit Agreement

 EXHIBIT 4.3 
 CREDIT AGREEMENT 
 This Credit Agreement (this “Agreement”) is made and entered into
effective as of April 3, 2006, by and between Reliance Steel & Aluminum Co., a California corporation (“Reliance”), and RSAC Management Corp., a California corporation (“Management” and, together with Reliance,
“Lenders”), on the one hand, and Earle M. Jorgensen Company, a Delaware corporation formerly known as RSAC Acquisition Corp. (“Borrower”), on the other hand. 
 RECITALS 
 A. Pursuant to that Agreement and Plan of Merger (the “Merger
Agreement”) dated January 17, 2006, Earle M. Jorgensen Company, a Delaware corporation (“EMJ”), merged with and into Borrower and became a wholly-owned subsidiary of Reliance effective as of the date of this Agreement.

 B. In accordance with the Merger Agreement and that Credit Agreement dated June 13, 2005 by and among Reliance, Management, Bank of
America, N.A., as agent, and the lenders identified on Schedule A thereto, as amended (“Lenders’ Credit Agreement”), Reliance paid off and terminated EMJ’s credit facility with Deutsche Bank Trust Company Americas and certain
other lenders. 
 C. Borrower continues to need available financing for working capital and general corporate purposes, and Lenders are
willing to make available a revolving line of credit to Borrower. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual covenants, undertakings and promises contained in this Agreement, Lenders and Borrower hereby agree as
follows: 
 1. Facility Type and Limits. Lenders shall make available to Borrower revolving credit facilities of up to
the lesser of (i) an aggregate principal amount of Eighty Million Dollars ($80,000,000.00) or (ii) such amount as may be permitted from time to time under Lenders’ Credit Agreement (the “Maximum Principal Amount”) for the
following: 
  

	 	a.	Overdraft facility or other advances of up to Eighty Million Dollars ($80,000,000.00) for a maximum of twenty-four (24) months bearing interest at a rate equal to Lenders’
average cost of funds for the prior calendar quarter under Lenders’ Credit Agreement, plus 0.5%. 

  

	 	b.	 Arranging or otherwise providing letters of credit or guaranties of up to Twenty Million Dollars ($20,000,000.00), but no more than permitted under Lenders’
Credit Agreement, for a maximum of twenty-four (24)

 
months at a cost equal to Lenders’ cost of funds for the specific letter of credit plus 0.25% per month, payable at time of issuance. 

Notwithstanding anything herein to the contrary, Lenders shall not, and shall not be obligated to, make any credit facilities available to Borrower if it would result
in Lenders being in breach of any provision of Lenders’ Credit Agreement (including, but not limited to, Section 7.18 thereof). 
 The revolving
credit facilities described above shall hereinafter collectively be referred to as the “Facilities”. The aggregate of the principal amounts outstanding under the Facilities shall not exceed the Maximum Principal Amount at any time. The
Facilities are granted on an uncommitted basis and are repayable on demand. 
 2. Purpose. The amounts borrowed under
the Facilities shall be used for working capital and general corporate purposes. Lenders shall not be obligated to monitor or verify the use of the amount borrowed. 
 3. Security. At the request of Lenders, the Facilities shall be secured and Borrower shall grant a security interest in and lien
upon all assets of Borrower that are not identified as collateral of that Indenture dated May 22, 2002 between Borrower’s predecessor and The Bank of New York Trust Company, N.A., as successor Trustee to The Bank of New York, pursuant to
which 9 3/4% Senior Secured Notes were issued by EMJ. The security interest shall be in the form and substance
that is reasonably satisfactory to the Lenders and to Lenders’ lenders. 
 4. Repayment on Demand. The
Facilities are repayable on demand but in any event no later than twenty-four (24) months from the date hereof, are subject to Lenders’ periodic review and may be modified or terminated, as a whole or in part, at Lenders’ sole
discretion without prior notice, at which time all outstanding amounts owing under the Facilities shall become immediately due and payable. In the event any demand for repayment is made or Lenders terminate the Facilities, Borrower shall promptly:

  

	 	a.	Repay all outstanding amounts to Lenders, together with interest thereon; and 

  

	 	b.	Pay to Lenders an amount equal to the full face value of advances made, instruments issued or purchased or drafts accepted pursuant to the Facilities but not yet matured or
presented. 

 All payments are to be made in United States dollars. Any undrawn portion of the Facilities may be cancelled by Lenders at any
time. 
 5. Set-Off. Borrower agrees that in addition to a right of set-off or similar right that the Lenders may be
entitled to by law, Lenders may at any time, with prior notice to Borrower, apply any credit balance (whether or not then due or payable) to which Borrower is at any time legally or beneficially entitled on any account and any sums 

  

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held to Borrower’s order in any account that Lenders may be legally entitled to access at any bank or financial institution in any jurisdiction
regardless of the place of payment or currency of such obligation, in or toward satisfaction of Borrower’s liabilities to Lenders. For this purpose, Lenders are hereby authorized to purchase with the funds or monies standing to the credit of
any such account such other currencies as may be necessary to effect the application. 
 6. Indemnity and Waiver of
Consequential Damages. 
  

	 	a.	Borrower shall, on demand, indemnify Lenders against any claims, losses, liabilities or costs and expenses (including attorney’s fees and legal costs and tax on any such costs
and expenses) sustained or incurred by Lenders arising from or in connection with the grant of the Facilities, the transactions contemplated hereby and the enforcement by Lenders of any of their rights under this Agreement, except to the extent
resulting from any Lenders’ own gross negligence or willful misconduct. 

  

	 	b.	In no event shall either Lender be liable on any theory of liability for any special, indirect, consequential or punitive damages, and Borrower hereby waives, releases and agrees
not to sue either Lender on any claim for any such damages, whether or not accrued and whether or not known or suspected to exist in Borrower’s favor. 

 7. Default Interest. Borrower shall on demand pay default interest to Lenders on any sum due under this Agreement from the due date
to the date of actual payment (as well as after any judgment on any claim made by Lenders), at the rate of two percent (2%) per annum above the rate of interest applicable to the relevant Facility as it may vary from time to time, calculated on
a day to day basis, but no more than the maximum allowed by law. Lenders shall be entitled to interest on any overdue amounts so long as any interest or overdue amount remains unpaid. 
 8. Replacement Revolver Credit Agreement. Upon the Effective Date (as hereinafter defined), this Agreement shall constitute and be
deemed to be a “Revolver Credit Agreement” as defined in that Indenture dated May 22, 2002, as amended by that First Supplemental Indenture dated April 3, 2006 (the “Indenture”), by and between Borrower and The Bank of
New York Trust Company, N.A., as successor Trustee to The Bank of New York, and Lenders and Lenders’ agent(s), if any, hereby agree to be bound by the terms of the Intercreditor Agreement dated May 22, 2002 by and between Borrower and The
Bank of New York Trust Company, N.A., as successor Trustee. Lenders hereby appoint Management as the Revolver Agent under such Intercreditor Agreement. 
 9. Governing Law and Jurisdiction. This Agreement shall be governed by and construed in accordance with laws of the state of California. Borrower irrevocably agrees that the courts in the state of California,
both federal and state courts, have jurisdiction to settle any disputes that may arise out of or in connection with this Agreement and that any legal action or proceedings arising out of or in connection with 

  

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this Agreement may be brought in those courts and Borrower irrevocably submits to the non-exclusive jurisdiction of such courts. 
 10. Other Terms. Certain of the Facilities may be governed by and subject to additional terms and conditions contained in
transaction documents specific to the type of Facility and agreed to by Borrower in writing. 
 11. Offer. This
Agreement shall constitute an offer that may be accepted by Borrower by execution of a duplicate copy of this Agreement and returning it to Lenders on or before April 10, 2006 (the date of return to Lenders of such executed duplicate copy, the
“Effective Date”). This offer will lapse at the close of business on April 10, 2006 unless extended by Lenders. 
  

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 IN WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the date first set
forth above. 
  

									
	 BORROWER:
	 		 	 EARLE M. JORGENSEN COMPANY,
 a Delaware corporation formerly known as
 RSAC Acquisition Corp.

					
		 		 		 	 By:
	 	 /s/    WILLIAM S. JOHNSON

		 		 		 		 	 William S. Johnson
 Vice President, Chief Financial
 Officer and Secretary

  

									
	 LENDERS:
	 		 	 RELIANCE STEEL & ALUMINUM CO.

					
		 		 		 	 By:
	 	 /s/    DAVID H. HANNAH 

		 		 		 		 	 David H. Hannah
 Chief Executive Officer

					
		 		 		 	 By:
	 	 /s/    KARLA LEWIS 

		 		 		 		 	 Karla Lewis
 Executive Vice President and
 Chief Financial Officer

			
		 		 	 RSAC MANAGEMENT CORP.

					
		 		 		 	 By:
	 	 /s/    KARLA LEWIS 

		 		 		 		 	 Karla Lewis
 Executive Vice President and
 Chief Financial Officer

  

 5Consulting Agreement

 EXHIBIT 10.1 
 CONSULTING AGREEMENT 
 This Consulting Agreement (this “Agreement”) is made as of
April 3, 2006 (the “Effective Date”) by and between Earle M. Jorgensen Company, a Delaware corporation (formerly known as RSAC Acquisition Corp.) (the “Company”), and Maurice S. Nelson, an individual
(“Consultant”). 
 RECITALS 
 A. The Company is the successor by merger (the “Merger”) to Earle M. Jorgensen Company (“EMJ”), a leading distributor of metal bar and tubular products used by North American manufacturing
companies, and intends to continue to operate that business; and 
 B. Consultant was the Chief Executive Officer of EMJ prior to the Merger.

 B. During a transition period following the change of control resulting from the Merger, the Company wishes to retain the expertise,
experience and knowledge of Consultant by engaging Consultant to provide certain advice and services to the Company, and Consultant wishes to provide such services on the terms described herein; and 
 C. The parties wish to commit their agreement with respect to the foregoing to a writing binding on both parties. 
 AGREEMENT 
 NOW, THEREFORE, in
consideration of the premises and the mutual undertakings set forth herein, the Company and Consultant hereby agree as follows: 
 1.
Services. The Company hereby engages Consultant and Consultant hereby accepts the engagement and agrees to provide consulting, transitional management, operational and marketing advice and such other services as the Company may
reasonably request (collectively, the “Services”) from time to time during the term of this Agreement; provided, however, that Consultant shall not be required to spend more than ten hours per week in providing Services. The manner and
means by which Consultant completes the Services shall be as reasonably requested by the Company’s Board of Directors. 
 2.
Consulting Fees and Expenses. 
 (a) Consulting Fees. Subject to Consultant’s sending a monthly statement to
the Company, the Company shall pay to Consultant a fee equal to Forty-five Thousand Eight Hundred Thirty-three Dollars ($45,833.00) per month (the “Consulting Fees”) paid within ten business days of the Company’s receipt of an invoice
from Consultant each month during the term of this Agreement. 

 (b) Expenses. From time to time, the Company may request Consultant to make four or five
trips during the term of this Agreement to various facilities of the Company or various events on behalf of the Company. The Company shall reimburse Consultant for all expenses for travel agreed to with the Company, and other business expenses
incidental to such trips, of Consultant and his wife, if she accompanies him (which travel and accommodations shall be at the same standards as was the practice prior to the Merger). 
 3. Confidentiality. By reason of his former position with EMJ, Consultant has received confidential or proprietary information regarding
EMJ and its operations, business, strategies, technologies and customers (the “EMJ” Information”). During the term of this Agreement and in the course of the performance of the Services under this Agreement, Consultant may receive
confidential and proprietary information relating to the Company’s business, strategies, technologies, trade secrets and customers or relating to the Company’s parent corporation, Reliance Steel & Aluminum Co.
(“Reliance”) (with the information being defined as, the “RSA Information” and, together with the EMJ Information, “Confidential Information”). Such Confidential Information may or may not include, but is not limited
to, any marketing or customer support strategies, financial information, organizational structure, personnel information, customer lists, methods and know-how created or developed by EMJ, the Company or Reliance or information as to which the
Company has an obligation of confidentiality; provided that no information which is or becomes publicly available (other than as a result of a breach of a confidentiality obligation), which has been disclosed to Consultant by a third party who is
not under an obligation of confidentiality to EMJ, the Company or Reliance or which Consultant develops independently and without reference to any Confidential Information of EMJ, the Company or Reliance shall not be included in the definition of
Confidential Information. Consultant acknowledges that the Confidential Information is the sole and exclusive property of the disclosing party and agrees (i) to maintain its confidentiality; (ii) not to reproduce any of the Confidential
Information without the prior written consent of the disclosing party; (iii) not to use the Confidential Information except in the performance of the Services under this Agreement; and (iv) not to disclose all or any part of the
Confidential Information to any third party during the term of this Agreement, except with the prior consent of the disclosing party. 
 4.
Non-Competition/Non-Solicitation. 
 (a) Non-Competition. During the term of this Agreement or such longer period
as Consultant may be bound by reason of an agreement with EMJ with respect to which the Company is entitled to the benefit, Consultant covenants and agrees that he shall not engage or participate, directly or indirectly, in any business in
competition with the business conducted by the Company. The Consulting Fees shall be consideration for this covenant not to compete. 
 (b)
Non-Solicitation. During the term of this Agreement, without the prior written consent of the Company (which may be withheld by the Company in its sole discretion), Consultant shall not (i) solicit, induce or attempt to induce, or
assist others to solicit or induce or attempt to induce, any employee, contractor, consultant or agent of the Company or any of its affiliated entities to either leave his or her employment, consulting or other position or business relationship with
the Company or any of its 

  

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affiliated entities or breach his or her employment, consulting or other agreement with the Company or any of its affiliated entities or (ii) solicit,
induce or attempt to induce or assist others to solicit, induce or attempt to induce, any customer, supplier, vendor, contractor or client associated with the Company or any of its affiliated entities to terminate its, his or her business
relationship with the Company or any of its affiliated entities or make any disparaging or derogatory or detrimental comments about the Company or any of its affiliated entities, any of their employees, directors or officers. 
 5. Term. The term of this Agreement shall be for a period of three months from the date of this Agreement, provided that Consultant may
terminate this Agreement with respect to the Services upon thirty (30) days’ prior written notice to the Company. Thereafter, the Company will have no obligations to make payments to Consultant. The obligations of Consultant set forth in
Sections 3, 4 and 7 hereof shall survive the termination of this Agreement and shall remain in full force and effect in accordance with their respective terms. 
 6. Compliance with Applicable Laws. Consultant warrants that all Services performed under this Agreement, and the Company warrants that all Services requested to be performed under this Agreement, will
comply with all applicable laws and regulations. 
 7. Independent Contractor. Consultant is an independent contractor, is not
an agent or employee of the Company and is not authorized to act on behalf of or to bind the Company. Consultant will not be eligible for any employee benefits, nor will the Company make any deductions from or withhold any amounts payable to
Consultant for taxes unless required to do so by applicable taxing authorities. Taxes on the Consulting Fees shall be the sole responsibility of Consultant. This Agreement shall not be construed to create a joint venture or partnership among the
parties hereto. 
 8. Legal and Equitable Remedies. The parties hereby acknowledge and agree that in the event of any breach of
this Agreement a party may suffer an irreparable injury with respect to which a remedy at law would not afford adequate protection or appropriate compensation. Accordingly, the parties hereby agree that the non-breaching parties shall be entitled to
specific performance, an injunction or other equitable relief, as well as such further relief as may be granted by a court of competent jurisdiction. 
 9. Miscellaneous. 
 (a) Binding Upon Successors; Assignment. The parties’
rights and obligations under this Agreement will bind and inure to the benefit of their respective successors, heirs, executors, administrators and permitted assigns. Notwithstanding the foregoing, no party may assign its rights or obligations under
this Agreement without the prior written consent of the party entitled to the benefit of such rights or obligations. 
  

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 (b) Amendments or Waivers. This Agreement may not be modified or amended and no provision
of this Agreement may be waived unless such modification, amendment or waiver is in a writing signed by both parties. 
 (c) Third
Party Beneficiaries. Except for Reliance, which shall be entitled to rely on and enforce Consultant’s obligations and covenants under Section 3 hereof, no third party shall be entitled to the benefits of this Agreement. 

(d) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California for
contracts made in and wholly performed in the State of California. 
 (e) Notices. Any notices required or permitted hereunder
shall be given to the appropriate party at the address specified below their respective signatures or at such other address as the parties shall specify in writing. Such notice shall be deemed given upon personal delivery or upon mailing by
certified or registered mail, postage prepaid, or upon delivery to a messenger or commercial courier required to deliver such notice within 24 hours after receipt. 
 (f) Attorneys’ Fees. In the event that a dispute arises regarding the interpretation or enforcement of this Agreement, the prevailing party shall be entitled to reasonable costs and expenses,
including, but not limited to, attorneys’ fees. This provision shall not merge with any order or award and shall apply to all appellate and enforcement proceedings. 
 (g) Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but, if any provision hereof is held to be
prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions hereof. 
 (h) Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original and all of
which together shall constitute one and the same agreement. 
 / / / 
 / / / 
 (Signatures on following page)

  

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 IN WITNESS WHEREOF, the Company and Consultant have executed this Agreement to be effective as of the
Effective Date set forth above. 
  

			
	COMPANY:
	
	 EARLE M. JORGENSEN COMPANY,
 a Delaware
corporation

		
	By	 	/s/    R. NEIL MCCAFFERY
		 	 R. Neil McCaffery
 Chief Executive Officer, President
 and Chief Operating Officer

	  
 Address: 10650 Alameda Street
                 Lynwood, California
90262

  

			
	 CONSULTANT:

	
	     /s/    MAURICE S.
NELSON, JR.

	 Maurice S. Nelson, Jr. an individual
  
 Address: 10580 Wilshire Boulevard
                 Box 27
                 Los Angeles, CA
90024

  

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