EXHIBIT 10.4
AMENDMENT NO. 2 TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT
     THIS AMENDMENT NO. 2 TO AMENDED AND RESTATED RECEIVABLES PURCHASE
AGREEMENT, effective as of December 15, 2006 (this “Amendment”), is entered into
by and among DEJ 98 Finance, LLC, a Delaware limited liability company (the
“Seller”), Wolverine Finance, LLC, a Tennessee limited liability company, as
initial servicer (the “Servicer”), Wolverine Tube, Inc., a Delaware corporation,
as performance guarantor (the “Performance Guarantor” and, together with the
Seller and the Servicer, the “Seller Parties”), Variable Funding Capital Company
LLC, a Delaware limited liability company (“VFCC”), The CIT Group/Business
Credit, Inc., a New York corporation (“CIT/BC”), individually and as co-agent
(the “Co-Agent”), and Wachovia Bank, National Association, individually
(together with VFCC and CIT/BC, the “Purchasers”), and as agent for the
Purchasers (together with its successors and assigns in such capacity, the
“Agent”).
PRELIMINARY STATEMENTS
     The Seller Parties, the Purchasers and the Agent are parties to that
certain Amended and Restated Receivables Purchase Agreement dated as of April 4,
2006, as heretofore amended (the “Existing Agreement”).
     The parties wish to amend the Existing Agreement as hereinafter set forth.
     NOW, THEREFORE, in consideration of the premises, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree as follows:
     1. Definitions. Capitalized terms used and not otherwise defined herein are
used with the meanings attributed thereto in the Existing Agreement.
     2. Amendment. The definition of “U.S. Originator” set forth in the Existing
Agreement is hereby amended and restated in its entirety to read as follows:
     “U.S. Originator” means each of Wolverine Tube, Inc., a Delaware
corporation, Tube Forming, LP, a Delaware limited partnership, Wolverine Joining
Technologies, LLC, a Delaware limited liability company and Small Tube
Manufacturing LLC, a Delaware limited liability company, each in its capacity as
a seller under the U.S. Receivables Sale Agreement.

 

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     3. Representations.
     3.1. Each of the Seller Parties represents and warrants to the Purchasers
and the Agent that it has duly authorized, executed and delivered this Amendment
and that the Existing Agreement, as amended hereby, constitutes, a legal, valid
and binding obligation of such Seller Party, enforceable in accordance with its
terms (except as enforceability may be limited by applicable bankruptcy,
insolvency, or similar laws affecting the enforcement of creditors’ rights
generally or by equitable principles relating to enforceability).
     3.2. Each of the Seller Parties further represents and warrants to the
Purchasers and the Agent that, after giving effect to this Amendment, each of
its representations and warranties set forth in Section 5.1 of the Existing
Agreement is true and correct as of the date hereof and that no Amortization
Event or Unmatured Amortization Event exists as of the date hereof and is
continuing.
     4. Condition Precedent. This Amendment shall become effective as of the
date first above written upon receipt by the Agent of a counterpart hereof duly
executed by each of the parties hereto.
     5. Miscellaneous.
     5.1. Except as expressly amended hereby, the Existing Agreement shall
remain unaltered and in full force and effect, and each of the parties hereby
ratifies and confirms the Existing Agreement and each of the other Transaction
Documents to which it is a party. Without limiting the generality of the
foregoing, the Performance Guarantor hereby specifically ratifies and confirms
the Performance Undertaking and agrees that it remains unaltered and in full
force and effect.
     5.2. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO PRINCIPLES OF
CONFLICTS OF LAW.
     5.3. This Amendment may be executed in any number of counterparts and by
the different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which when taken together
shall constitute one and the same Amendment. Delivery of any executed
counterpart by facsimile or electronic mail with an attached image of such
executed counterpart shall have the same force and effect as delivery of an
originally executed counterpart.

 

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

            DEJ 98 FINANCE, LLC
      By:   /s/ James E. Deason         Name:   James E. Deason        Title:  
Member, Board of Managers     

            WOLVERINE FINANCE, LLC
      By:   /s/ James E. Deason         Name:   James E. Deason        Title:  
Vice Manager and Treasurer   

 

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            WOLVERINE TUBE, INC.
      By:   /s/ James E. Deason         Name:   James E. Deason        Title:  
Senior Vice President, Chief Financial Officer
and Secretary   

 

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            THE CIT GROUP/BUSINESS CREDIT, INC.,
individually and as Co-Agent
      By:   /s/ C. Mark Smith         Name:   C. Mark Smith        Title:   Vice
President   

 

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            WACHOVIA BANK, NATIONAL ASSOCIATION,
individually and as Agent
      By:   /s/ Elizabeth R. Wagner         Name:   Elizabeth R. Wagner       
Title:   Managing Director   

 

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VARIABLE FUNDING CAPITAL COMPANY LLC

By: Wachovia Capital Markets, LLC, its attorney-in-fact

                  By:   /s/ Douglas R. Wilson, SR.         Name:   Douglas R.
Wilson, SR.        Title:   Vice President