Common use of IRREVOCABLE STOCK POWER Clause in Contracts

IRREVOCABLE STOCK POWER. KNOW ALL MEN BY THESE PRESENTS that for value received, the undersigned, «Grantee» (the “Transferor”), does hereby transfer to Olympic Steel, Inc. or its successor in interest (the “Transferee”), all of the Common Shares, without par value, of Olympic Steel, Inc., an Ohio corporation (the “Corporation”), which shares are or may be issued under the Performance-Earned Restricted Unit (PERs Unit) Agreement between the Transferor and Transferee dated January 2, 2008 and does hereby appoint the Transferee his true and lawful attorney, irrevocable for himself and in his name and s▇▇▇▇, to assign, transfer and set over, all or any part of the shares of Common Shares hereby transferred to the Transferee, and for that purpose, to make and execute all necessary acts of assignment and transfer, and one or more persons to substitute with like full power, hereby ratifying and confirming all that his said attorney, or substitute or substitutes will lawfully do by virtue hereof.

IRREVOCABLE STOCK POWER. KNOW ALL MEN BY THESE PRESENTS that for value received, the undersigned, «Grantee» ___ (the “Transferor”), does hereby transfer to Olympic Steel, Inc. or its successor in interest (the “Transferee”), all of the Common Shares, without par value, of Olympic Steel, Inc., an Ohio corporation (the “Corporation”), which shares are or may be issued under the Performance-Earned Restricted Unit (PERs Unit) Agreement between the Transferor and Transferee dated January 2May 1, 2008 2007 and does hereby appoint the Transferee his true and lawful attorney, irrevocable for himself and in his name and s▇▇▇▇, to assign, transfer and set over, all or any part of the shares of Common Shares hereby transferred to the Transferee, and for that purpose, to make and execute all necessary acts of assignment and transfer, and one or more persons to substitute with like full power, hereby ratifying and confirming all that his said attorney, or substitute or substitutes will lawfully do by virtue hereof.