STOCK OPTION NOTICE LETTER AND ASSUMPTION AND AMENDMENT AGREEMENTStock Option Notice Letter and Assumption and Amendment Agreement • April 11th, 2006 • Reliance Steel & Aluminum Co • Wholesale-metals service centers & offices
As you know, on April 3, 2006, (the “Effective Date”) Reliance Steel & Aluminum Co., a California corporation (“Reliance”), acquired Earle M. Jorgensen Company, a Delaware corporation (“EMJ”), through a merger transaction (the “Merger”) in accordance with the terms and conditions of that certain Agreement and Plan of Merger by and among Reliance, EMJ and RSAC Acquisition Corp. (the “Company”), a Delaware corporation (the “Merger Agreement”). On the Effective Date, you held one or more outstanding options to purchase shares of EMJ common stock granted to you under the Earle M. Jorgensen Company 2004 Stock Incentive Plan, as amended, (the “Plan”) and documented with one or more Stock Option Agreements (the “Option Agreements”) issued to you under the Plan (the “EMJ Options”). In accordance with the Merger Agreement, on the Effective Date, Reliance assumed all obligations of EMJ under the EMJ Options. This Stock Option Notice Letter and Assumption and Amendment Agreement (this “Agreement”
