EMPLOYMENT
      AGREEMENT

    


    This
      EMPLOYMENT
      AGREEMENT
      (“Agreement”) dated and effective as of October 1, 2007 (the “Effective Date”)
      by and between David A. Owen (“Executive”) and Wolverine Tube, Inc., a Delaware
      corporation (“Wolverine”).

    


    WHEREAS,
      Wolverine desires to employ Executive as Senior Vice-President, Finance and
      Accounting through December 31, 2007 and, thereafter, commencing January 1,
      2008, as Chief Financial Officer, and Executive desires to be employed by
      Wolverine in such capacities upon the terms and conditions set forth in this
      Agreement; and 

    


    WHEREAS,
      Executive acknowledges that, in executing this Agreement, he has had a
      reasonable opportunity to seek the advice of independent legal and tax counsel,
      and has read and understood all of the terms and provisions of this
      Agreement.

    


    NOW,
      THEREFORE,
      in
      consideration of the mutual promises and covenants contained herein and for
      other good and valuable consideration, the receipt and adequacy of which are
      hereby acknowledged, the parties hereto agree as follows:

    


    1. Title;
      Duties; Reporting.

    


    (a) Title.
      Wolverine hereby employs Executive, and Executive agrees to be employed, as
      Senior Vice-President, Finance and Accounting through December 1, 2007 and
      as
      Chief Financial Officer of Wolverine commencing January 1, 2008, at its
      headquarters in Huntsville, Alabama or at such other location as may be the
      Wolverine’s headquarters in the future, according to the terms and conditions
      set forth herein.

    


    (b) Duties.
      Executive will be responsible for all financial and accounting matters of
      Wolverine consistent with the positions set forth in Section 1(a) above and
      such
      other tasks, duties, and responsibilities as may be established from time to
      time by the Board of Directors of Wolverine (the “Board of Directors”) and/or
      the Chief Executive Officer of Wolverine (“CEO”), and in the absence of a CEO,
      the President and Chief Operating Officer of Wolverine. Executive agrees to
      devote all or substantially all of his full business time, energy and skill
      in
      the performance of his duties to Wolverine and to perform faithfully and
      efficiently such duties.

    


    (c) Reporting
      Responsibilities.
      Executive shall report directly to the CEO; however, until that position is
      filled, and at all other times during which the position of CEO is vacant,
      Executive shall report to the President and Chief Operating Officer of
      Wolverine.

    


    2. Employment
      Term.
      Unless
      earlier terminated as provided herein, the Executive’s employment under this
      Agreement shall be for a term initially of three (3) years from the Effective
      Date (the “Employment Term”). At the end of the initial three (3) year
      Employment Term, the Employment Term shall be automatically extended for a
      one
      (1) year period unless written notice of non-extension is provided (a) by
      Wolverine to the Employee at least sixty (60) days prior the end of the initial
      three (3) year Employment Term or (b) by the Executive to Wolverine at least
      one
      hundred twenty (120) days prior to the end of the initial three (3) year
      Employment Term.

    


    3. Salary
      and Benefits.
      During
      the Employment Term, Wolverine shall provide the following salary and benefits
      to Executive:



    
      
         

      

      
         

        
          

        

      

      
         

      

    


    (a) Relocation
      Benefits.
      Wolverine will provide the Executive with full relocation benefits and
      reimbursement of expenses in order to transition and transfer Executive from
      his
      current residence in Ft. Wayne, Indiana to Huntsville, Alabama in accordance
      with Wolverine’s policies and practices applicable generally to other peer
      executives of Wolverine. If, during the Employment Term, Executive is required
      by Wolverine to relocate again, Executive will be provided with full relocation
      benefits and reimbursement of expenses in accordance with Wolverine’s then
      current policies and practices generally applicable to other peer executives
      of
      Wolverine; provided, however, that in no event shall the relocation benefits
      and
      reimbursement of expenses be less than that provided to the Executive in
      connection with his transition and transfer to Huntsville, Alabama as described
      above.

    


    (b) Signing
      Bonus.
      In
      consideration for the Executive’s resignation from employment with his previous
      employer and in consideration of the Executive’s entering into this Agreement,
      Wolverine shall pay to the Executive a signing bonus in an amount equal to
      $248,000.00 payable in three installments as follows (i) $90,000.00 shall be
      paid to the Executive on the Effective Date; (ii) $90,000.00 shall be paid
      to
      the Executive on October 1, 2008 and (iii) $68,000.00 shall be paid to the
      Executive on October 1, 2009.

    


    (c) Base
      Compensation.
      Wolverine shall pay Executive an annual base salary (“Base Salary”), payable in
      substantially equal installments in accordance with Wolverine’s normal payroll
      practices, as follows:

    


    (i) During
      the first six months of the Employment Term, which shall begin on the Effective
      Date and end on March 31, 2008, the Base Salary shall be equal to an annualized
      rate of no less than $250,000.00.

    


    (ii) Commencing
      on April 1, 2008 and continuing for the remainder of the Employment Term, the
      Base Salary shall be equal to an annualized rate of no less than $280,000.00
      or
      such higher annualized rate as may from time to time be determined by the Board
      of Directors or its authorized committee.

    


    (d) Annual
      Bonus.
      In
      addition to the Base Salary, Executive will be eligible to receive an annual
      cash bonus (“Annual Bonus”) with a target of 40% of the Executive’s Base Salary
      for the year in which the Annual Bonus relates based upon achievement of certain
      discretionary factors in accordance with and as set forth in Wolverine’s annual
      incentive program.

    


    (e) Long
      Term Equity Incentive.
      As an
      additional component of Executive’s compensation, Executive shall be awarded an
      option to purchase 325,000 shares of Wolverine common stock (the “Option”) in
      accordance with the terms and conditions of the Wolverine Tube, Inc. 2007
      Nonqualified Stock Option Plan and as may be in effect from time to time (the
      “Plan”). The Option shall vest ratably over a five (5) year period measured from
      the date of grant. The exercise price for the Option shall be as follows (i)
      40%
      of the Option (130,000 shares) at $1.10 per share, (ii) 30% of the Option
      (97,500 shares) at $1.40 per share and (iii) 30% of the Option (97,500) at
      $2.20
      per share. The Option shall be equitably adjusted following the closing of
      the
      Rights Offering (as defined in the Plan).


    
      
         

      

      
        2

        
          

        

      

      
         

      

    


    (f) Welfare,
      Retirement and Fringe Benefits.

    


    (i) Executive
      shall be eligible for participation in and shall receive all benefits under
      welfare benefit plans, practices, policies and programs provided by Wolverine
      (including, without limitation, life insurance, disability insurance, vacation
      pay, medical insurance prescription drug coverage, dental insurance and salary
      continuance) to the extent applicable generally to other peer executives of
      Wolverine.

    


    (ii) Executive
      shall be entitled to participate in all incentive, savings and retirement plans,
      practices, policies and programs applicable generally to other peer executives
      of Wolverine.

    


    (iii) Executive
      will be provided certain fringe benefits. These fringe benefits will include
      but
      not be limited to: (A) a cash car allowance of $800.00 per month; (B)
      reimbursement for expenses incurred by Executive for preparation of state and
      federal income tax returns; (C) professional tax and financial planning
      services, including specific services related to Executive’s relocation to
      Huntsville, Alabama; (D) reimbursement for premiums paid by Executive to
      maintain the long-term care insurance policy made available to Executive through
      his previous employer, The Alpine Group, Inc.; and (E) advancement of membership
      initiation fees of up to $18,500.00 in connection with Executive’s inclusion in
      a Wolverine corporate membership in a country club located in the Huntsville,
      Alabama area as well as payment of monthly dues (but excluding usage charges)
      for such membership.

    


    (g) Reimbursement
      of Business Expenses.
      Wolverine shall reimburse Executive for all out-of-pocket business expenses
      incurred by Executive in the course of his duties, in accordance with
      Wolverine’s policies as in effect from time to time. Executive shall be required
      to submit to Wolverine appropriate documentation supporting such out-of-pocket
      business expenses as a prerequisite to reimbursement in accordance with such
      policies.

    


    4. Termination
      Provisions.

    


    (a) Termination
      by Wolverine for Cause or by Executive without Good Reason.
      Wolverine may terminate Executive’s employment immediately for Cause (as defined
      in Section 6(a) below) and Executive may terminate his employment without Good
      Reason (as defined in Section 6(b) below) upon providing Wolverine at least
      one
      hundred twenty (120) days advance written notice. Upon such termination,
      Wolverine shall provide Executive with the following: (i) severance benefits,
      if
      any, as provided under Wolverine’s general procedures and practices; (ii)
      payment of the pro rata portion of the Base Salary through and including the
      date of termination; and (iii) such employee benefits as may be due the
      Executive pursuant to the provisions of the benefit plans which govern such
      issues (the payments and benefits referred to in (ii) and (iii) above shall
      be
      collectively referred to as the “Accrued Obligations”). In addition, upon any
      such termination of Executive’s employment pursuant to this Section 4(a), any
      remaining unpaid installments of the Signing Bonus described in Section 2(b)
      shall be forfeited and the Executive shall have no further rights with respect
      thereto.

    


    (b) Termination
      by Wolverine without Cause.
      Wolverine may terminate Executive’s employment without Cause upon sixty (60)
      days prior written notice to the Executive. Upon such termination, Wolverine
      shall provide Executive with the following:



    
      
         

      

      
        3

        
          

        

      

      
         

      

    


    (i) All
      stock
      options granted by Wolverine and held by Executive as of the effective date
      of
      such termination, to the extent not already vested, shall become vested to
      the
      next succeeding vest date set forth in the award agreement and plan governing
      such option.

    


    (ii) Continued
      payment of the Executive’s Base Salary for the remainder of the Employment Term,
      payable in substantially equal installments in accordance with Wolverine’s
      normal payroll practices; provided however, in the event such continuation
      of
      the Executive Base Salary is considered deferred compensation subject to Section
      409A of the Code and Executive is a “specified employee” within the meaning of
      Section 409A of the Code (as determined in accordance with the methodology
      established by Wolverine as in effect on the date of termination), the continued
      payment of the Executive’s Base Salary under this Section 4(b)(i) shall be
      delayed until the first business day after the date that is six (6) months
      following Executive’s “separation from service” within the meaning of Section
      409A of the Code at which time all payments so-delayed shall be provided to
      the
      Executive in one lump sum.

    


    (iii) Health
      insurance benefits for a period of eighteen (18) months following the effective
      date of such termination under the same or similar arrangement(s) and plan(s)
      as
      Executive’s health insurance arrangement(s) and plan(s) in effect at the time of
      such termination.

    


    (iv) The
      Accrued Obligations.

    


    (v) Any
      remaining unpaid installments of the Signing Bonus described in Section 2(b)
      shall be paid to the Executive on the dates set forth in Section
      2(b).

    


    (c) Termination
      by Executive for Good Reason.
      Executive may terminate his employment for Good Reason upon providing Wolverine
      at least ninety (90) days advance written notice. Upon such termination,
      Wolverine shall provide Executive with the following:

     

    (i) Continued
      payment of the Executive’s Base Salary for the remainder of the Employment Term,
      payable in substantially equal installments in accordance with Wolverine’s
      normal payroll practices; provided however, in the event such continuation
      of
      the Executive Base Salary is considered deferred compensation subject to Section
      409A of the Code and Executive is a “specified employee” within the meaning of
      Section 409A of the Code (as determined in accordance with the methodology
      established by Wolverine as in effect on the date of termination), the continued
      payment of the Executive’s Base Salary under this Section 4(c)(i) shall be
      delayed until the first business day after the date that is six (6) months
      following Executive’s “separation from service” within the meaning of Section
      409A of the Code at which time all payments so-delayed shall be provided to
      the
      Executive in one lump sum.

    


    (ii) Subject
      to Section 7 below, all stock options granted by Wolverine and held by Executive
      as of the date of such termination, to the extent not already vested by their
      terms, shall become immediately vested and exercisable as of the effective
      date
      of such termination. The value, if any, attributable to the acceleration of
      vesting of such stock options that constitutes a parachute payment to Executive
      under Sections 208G or 4999 of the Internal Revenue Code of 1986, as amended
      (the “Code”), as determined under Section 7 of this Agreement is referred to
      herein as the “Option Parachute Value.”



    
      
         

      

      
        4

        
          

        

      

      
         

      

    


    (iii) Health
      insurance benefits for a period of eighteen (18) months following the effective
      date of such termination under the same or similar arrangement(s) and plan(s)
      as
      Executive’s health insurance arrangement(s) and plan(s) in effect at the time of
      such termination.

     

    (iv) The
      Accrued Obligations.

    


    (v) Any
      remaining unpaid installments of the Signing Bonus described in Section 2(b)
      shall be paid to the Executive on the dates set forth in Section
      2(b).

    


    (d) Death
      or Disability.
      Wolverine may terminate Executive’s employment due to Executive’s death or
      disability (if and only to the extent Executive is eligible for benefits under
      Wolverine’s group long-term disability plan or would be eligible for such
      benefits were Executive a participant in said plan). Upon such termination,
      Wolverine shall provide Executive (or his estate as the case may be) with the
      following: (i) severance benefits, if any, as provided under Wolverine’s general
      procedures and practices, (ii) the Accrued Obligations, (iii) any remaining
      unpaid installments of the Signing Bonus described in Section 2(b) shall be
      paid
      to the Executive on the dates set forth in Section 2(b) and (iv) in the event
      of
      Executive’s termination of employment due to disability, health insurance
      benefits for a period of eighteen (18) months following the effective date
      of
      such termination under the same or similar arrangement(s) and plan(s) as
      Executive’s health insurance arrangement(s) and plan(s) in effect at the time of
      such termination.

    


    (e) Expiration
      of Employment Term.
      The
      Executive’s employment shall terminate upon the expiration of the Employment
      Term. Upon such termination, Wolverine shall provide Executive with (i) the
      Accrued Obligations and (ii) health insurance benefits for a period of eighteen
      (18) months following the effective date of such termination under the same
      or
      similar arrangement(s) and plan(s) as Executive’s health insurance
      arrangement(s) and plan(s) in effect at the time of such
      termination.

    


    (e) Limits.
      Wolverine’s obligation to make to make any payments to Executive upon
      termination of Executive without Cause or for Good Reason as described in
      Sections 4(b) and 4(c) respectively (other than the Accrued Obligations) is
      contingent upon the effectiveness of Executive’s execution of a Waiver and
      Release of Claims substantially in the form attached hereto as Appendix B (the
      “Release”). On any termination entitling Executive to the payments and benefits
      under Sections 4(b) or 4(c), Wolverine and its affiliates shall have no further
      obligation to make payments under this Agreement other than as specifically
      provided for in Sections 4(b) or 4(c), and Executive shall not be eligible
      to
      receive any other severance benefits under any severance or termination plan,
      program, policy or arrangement maintained by Wolverine or its
      affiliates.

     

    5. Secrecy,
      Non-Solicitation and Non-Competition.

    


    (a) Secrecy.
      During
      the Employment Term and thereafter, the Executive covenants and agrees that
      he
      will not, except in performance of the Executive’s obligations to Wolverine, or
      with the prior written consent of Wolverine pursuant to the authority granted
      by
      a resolution of the Board of Directors, directly or indirectly, disclose any
      secret or confidential information that he may learn or has learned by reason
      of
      his association with Wolverine or use any such information. The term “secret or
      confidential information” includes, without limitation, information not
      previously disclosed to the public or to the trade by Wolverine’s management
      with respect to Wolverine’s products, facilities and methods, trade secrets and
      other intellectual property, systems, procedures, manuals, confidential reports,
      products price lists, customer lists, financial information (including the
      revenues, costs or profits associated with any of Wolverine’s products),
      business plans, prospects, employee or employees, compensation, or opportunities
      but shall exclude any information already in the public domain which has been
      disclosed to the public during the normal course of Wolverine’s
      business.


    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    


    (b) Customer
      Protection.
      During
      the Employment Term and for a period of one (1) year following the termination
      of the Executive’s employment for any reason, the Executive covenants and agrees
      that he will not solicit or attempt to solicit any business from Wolverine’s
      customers, including actively sought prospective customers, with whom the
      Executive had Material Contact during his employment, for the purpose of
      providing products or services competitive with those provided by Wolverine.
      Material Contacts exist between the Executive and each customer or prospective
      customers with whom Wolverine were coordinated or supervised by the Executive,
      or about whom the Executive obtained trade secrets or confidential information
      as a result of the Executive’s association with Wolverine.

    


    (c) Non-solicitation
      of Employees.
      During
      the Employment Term and for a period of one (1) year following the termination
      of the Executive’s employment for any reason, the Executive covenants and agrees
      that he shall not directly or indirectly, on his behalf or on behalf of any
      person or other entity; solicit or induce, or attempt to solicit or induce,
      any
      person who, on the date hereof or at anytime during the Employment Term, is
      an
      employee of Wolverine, to terminate his or her employment with Wolverine,
      whether expressed in a written or oral agreement or understanding or is
      otherwise an “at-will” employee.

    


    (d) Noncompetition.
      During
      the Employment Term and for a period of one (1) year following the termination
      of the Executive’s employment for any reason, the Executive covenants and agrees
      that he will not, directly or indirectly, compete against Wolverine within
      the
      United States in any capacity for another company or entity that designs,
      produces, sells, or distributes copper tubing, including, but not limited to,
      those companies listed on Appendix A hereto.

    


    (e) Equitable
      Relief.
      Executive acknowledges and agrees that the services performed by him are
      special, unique and extraordinary in that, by reason of the Executive’s
      employment, the Executive may acquire confidential information and trade secrets
      concerning the operation of Wolverine, or that the Executive may have contact
      with or obtain knowledge of Wolverine’s customers or prospects, the use or
      disclosure of which could cause Wolverine substantial loss and damages, which
      could not be readily calculated and for which no remedy at law would be
      adequate. Accordingly, the Executive acknowledges and agrees that Wolverine
      shall be entitled to obtain a temporary restraining order and/or a preliminary
      or permanent injunction restraining the Executive from engaging in activities
      prohibited by this Section 5 or such other relief as may be required to
      specifically enforce any of the covenants in this Section 5. The Executive
      acknowledges and agrees that Wolverine shall be entitled to its attorneys’ fees
      and court costs should Wolverine pursue legal action to enforce its rights
      under
      this Section 5.

    


    (f) Survival.
      Any
      termination of Executive’s employment, of the Employment Term or of this
      Agreement (or breach of this Agreement by Wolverine or Executive) shall have
      no
      effect on the continuing operation of this Section 5.


    
      
         

      

      
        6

        
          

        

      

      
         

      

    


    6. Definitions.

    


    (a) Definition
      of Cause.
      For
      purposes of this Agreement, termination for Cause shall mean termination of
      Executive’s employment by Wolverine because of: (i) a material breach by
      Executive of his fiduciary duties to Wolverine; (ii) Executive’s failure or
      refusal to follow the Wolverine’s written policies after being given written
      notice of said failure or refusal and failing to rectify same within 30 days;
      (iii) Executive’s conviction of (and should Executive appeal said conviction,
      full adjudication of said conviction), or plea of guilty, to a felony; and/or
      (iv) Executive’s continuing and willful refusal to act as directed by the CEO or
      Chairman of the Board of Directors (other than refusal resulting from incapacity
      due to physical or mental illness), after written notice is delivered to
      Executive by the CEO or Chairman of the Board of Directors which specifically
      identifies said refusal and sets forth a plan of corrective action.

    


    Notwithstanding
      the foregoing, Executive shall not be deemed to have been terminated for Cause
      hereunder unless and until there shall have been delivered to the Executive
      a
      termination notice from the Board of Directors that (x) states the Executive
      is
      being terminated for Cause, (y) indicates the subsection of this definition
      Wolverine is relying on and (z) provides reasonable detail of the facts
      providing the basis for that reliance and during a reasonable period to cure
      thereafter (at least 30 days) Executive has failed to cure in all material
      respects any default or other circumstance upon which the termination for Cause
      is proposed to be based. Such determination may only be made by the Board of
      Directors and Executive shall be permitted to respond and defend himself before
      the Board of Directors with legal counsel. The failure by Wolverine to include
      any fact in a termination notice that contributes to a showing of Cause does
      not
      preclude Wolverine from asserting that fact in enforcing its rights under this
      Agreement.

    


    (b) Definition
      of Good Reason.
      For
      purposes of this agreement, Good Reason shall mean termination of Executive’s
      employment by Executive following the occurrence of a Change in Control, and
      of
      the occurrence within not later than two years following such Change in Control
      of: (i) a material diminution of Executive’s Base Salary in effect immediately
      prior to the Change in Control; (ii) a material diminution in Executive’s
      authority, duties or responsibilities in effect immediately prior to the Change
      in Control; (iii) a relocation of the Executive’s principal place of employment
      to a location outside the United States without the Executive’s prior written
      consent; and/or (iv) any other action or inaction that constitutes a material
      breach by Wolverine of this Agreement.

    


    Notwithstanding
      the foregoing, Executive shall not been deemed to have terminated his employment
      for Good Reason hereunder unless Executive shall have delivered to Wolverine
      a
      termination notice within thirty (30) days of the initial existence of the
      condition giving rise to Good Reason that (x) states the Executive is
      terminating his employment for Good Reason, (y) indicates the subsection of
      this
      definition that Executive is relying on and (y) provides reasonable detail
      of
      the facts providing the basis for that reliance and during a reasonable period
      to cure thereafter (at least 30 days) Wolverine has failed to cure in all
      material respects any default or other circumstance upon which the termination
      for Good Reason is proposed to be based. The failure by Executive to include
      any
      fact in a termination notice that contributes to a showing of Good Reason does
      not preclude Executive from asserting that fact in enforcing his rights under
      this Agreement.

    


    (c) Definition
      of Change of Control.
      For
      purposes of this Agreement, Change of Control shall mean:



    
      
         

      

      
        7

        
          

        

      

      
         

      

    


    (i) The
      acquisition by any individual, entity or group (within the meaning of Section
      13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
      “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of
      Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either (A)
      the
      then outstanding shares of common stock of Wolverine (the “Outstanding Wolverine
      Common Stock”) or (B) the combined voting power of the then outstanding voting
      securities of Wolverine entitled to vote generally in the election of directors
      (the “Outstanding Wolverine Voting Securities”); provided, however, that the
      following acquisitions shall not constitute a Change of Control: (w) any
      acquisition directly from Wolverine (excluding an acquisition by virtue of
      the
      exercise of a conversion privilege), (x) any acquisition by Wolverine or any
      entity controlled by Wolverine or under common control with Wolverine, (y)
      any
      acquisition by any employee benefit plan (or related trust) sponsored or
      maintained by Wolverine or any corporation controlled by Wolverine, (z) any
      acquisition by any corporation pursuant to a reorganization, merger or
      consolidation, if, following such reorganization, merger or consolidation,
      the
      conditions described in clauses (A), (B) and (C) of Section 6(c)(iii) below
      are
      satisfied; or

    


    (ii) Individuals
      who, as of the date hereof, constitute the Board of Directors (the “Incumbent
      Board”) cease for any reason to constitute at least a majority of the Board of
      Directors; provided, however, that any individual becoming a director subsequent
      to the date hereof whose election, or nomination for election by Wolverine’s
      shareholders, was approved by a vote of at least a majority of the directors
      then comprising the Incumbent Board shall be considered as though such
      individual were a member of the Incumbent Board, but excluding, for this
      purpose, any such individual whose initial assumption of office occurs as a
      result of either an actual or threatened election contest with respect to the
      election or removal of directors or other actual or threatened solicitation
      of
      proxies or consents by or on behalf of a Person other than the Board of
      Directors; or 

    


    (iii) Consummation
      of a reorganization, merger, statutory share exchange or consolidation or
      similar corporate transaction involving Wolverine or any of its subsidiaries,
      a
      sale or other disposition of all or substantially all of the assets of
      Wolverine, or the acquisition of assets or stock of another entity by Wolverine
      or any of its subsidiaries (each, a “Business Combination”), in each case,
      unless, following such Business Combination, (A) all or substantially all of
      the
      individuals and entities that were the beneficial owners of the Outstanding
      Wolverine Common Stock and the Outstanding Wolverine Voting Securities
      immediately prior to such Business Combination beneficially own, directly or
      indirectly, more than 50% of the then-outstanding shares of common stock and
      the
      combined voting power of the then-outstanding voting securities entitled to
      vote
      generally in the election of directors, as the case may be, of the corporation
      resulting from such Business Combination (including, without limitation, a
      corporation that, as a result of such transaction, owns Wolverine or all or
      substantially all of Wolverine’s assets either directly or through one or more
      subsidiaries) in substantially the same proportions as their ownership
      immediately prior to such Business Combination of the Outstanding Wolverine
      Common Stock and the Outstanding Wolverine Voting Securities, as the case may
      be, (B) no Person (excluding any corporation resulting from such Business
      Combination or any employee benefit plan (or related trust) of Wolverine or
      such
      corporation resulting from such Business Combination) beneficially owns,
      directly or indirectly, 20% or more of, respectively, the then-outstanding
      shares of common stock of the corporation resulting from such Business
      Combination or the combined voting power of the then-outstanding voting
      securities of such corporation, except to the extent that such ownership existed
      prior to the Business Combination, and (C) at least a majority of the members
      of
      the board of directors of the corporation resulting from such Business
      Combination were members of the Incumbent Board at the time of the execution
      of
      the initial agreement or of the action of the Board of Directors providing
      for
      such Business Combination; or



    
      
         

      

      
        8

        
          

        

      

      
         

      

    


    (iv) Approval
      by the shareholders of Wolverine of a complete liquidation or dissolution of
      Wolverine.

    


    (v) Notwithstanding
      anything herein to the contrary, any Business Combination or any acquisition
      by
      any Person of beneficial ownership of Outstanding Wolverine Common Stock or
      Outstanding Wolverine Voting Securities in which the acquiring Person is,
      directly or indirectly, The Alpine Group, Inc., Plainfield Special Situations
      Master Fund Limited or any affiliate(s) thereof (or any combination thereof)
      or
      any Person acting in concert with The Alpine Group, Inc., Plainfield Special
      Situations Master Fund Limited or any affiliate(s) thereof (or any combination
      thereof) shall not be a Change of Control for purposes of this
      Agreement.

    


    7. Golden
      Parachute Considerations.
      In the
      event it shall be determined that the amount of any payments and/or benefits
      provided to Executive pursuant to the terms of this Agreement or otherwise
      would
      be subject to the excise tax imposed by Section 4999 of the Code or to any
      similar tax imposed by federal, state or local law, or any other revenue system
      to which Executive may be subject (the “Excise Tax”), then, the Option Parachute
      Value shall be reduced (partially or completely) such that the amount of any
      such payments and/or benefits shall be reduced to an amount that is equal to
      299% of the Executive’s “base amount” as determined in accordance with Section
      280G of the Code. If, after the reduction of the Option Parachute Value, the
      amount of any other payments and/or benefits provided to Executive pursuant
      to
      the terms of this Agreement or otherwise would still be subject to the Excise
      Tax, then the amount of such other payments and/or benefits shall also be
      reduced such that the amount of all such payments or benefits are reduced to
      an
      amount that is equal to 299% of the Executive’s “base amount” as determined
      above.

    


    8. Section
      409A.
      To the
      extent required to comply with Section 409A of the Code (and the regulations
      thereunder), any compensation to be paid or benefits to be provided in
      connection with Executive’s termination of employment will be delayed until the
      earliest day on which such payments could be made or benefits provided in
      compliance (at which point all payments so-delayed shall be provided in one
      lump
      sum), provided that there shall not be a lapse in health insurance coverage
      that
      may be required to be continued pursuant to the terms and conditions of Sections
      4(b) and (c). Any expenses reimbursed to the Executive pursuant to this
      Agreement which are includible in the Executive’s taxable income shall be made
      in accordance with the terms and conditions of such plans and arrangements
      governing such reimbursement; provided however, that in no event shall the
      reimbursement be made later than the end of the calendar year following the
      year
      in which the expense is incurred by Executive. Any right to reimbursement of
      Executive pursuant to this Agreement cannot be exchanged for the right to cash
      or any other benefit and the reimbursements provided to the Executive shall
      be
      made without regard to such reimbursable expenses incurred by Executive on
      a
      year to year basis.

    


    9. Governing
      Law.
      This
      Agreement is made and entered into in the State of Alabama, without regard
      to
      conflict of laws rules, and the laws of Alabama shall govern its validity and
      interpretation in the performance by the parties of their respective duties
      and
      obligations.

    


    10. Entire
      Agreement.
      This
      Agreement constitutes the entire agreement between the parties concerning the
      employment of Executive and any prior written or unwritten agreements relating
      to the subject matter hereof and there are no representations, warranties or
      commitments, other than those in writing executed by all of the
      parties.



    
      
         

      

      
        9

        
          

        

      

      
         

      

    


    11. Arbitration.
      Except
      as otherwise expressly provided herein, any dispute, controversy, or claim
      arising out of or relating to this Agreement or breach thereof, or arising
      out
      of or relating in any way to the employment of Executive or the termination
      thereof, shall be submitted to binding arbitration in accordance with the
      Voluntary Labor Arbitration Rules of the American Arbitration Association.
      Judgment upon the award rendered by the arbitrator may be entered in any court
      of competent jurisdiction. In reaching his or her decision, the arbitrator
      shall
      have no authority to ignore, change, modify, add to or delete from any provision
      of this Agreement, but instead is limited to interpreting this
      Agreement.

    


    12. Assistance
      in Litigation.
      Executive shall make himself available, upon the request of Wolverine, to
      testify or otherwise assist in litigation, arbitration, or other disputes
      involving Wolverine, or any of the directors, officers, executives,
      subsidiaries, or parent corporations of either, at no additional cost during
      the
      Employment Term and at any time following the termination of Executive’s
      employment for any reason; provided however, in the event such request is made
      by Wolverine after the Employment Term Executive shall be reimbursed for any
      reasonable out-of-pocket expenses incurred with respect thereto and shall also
      be paid a reasonable daily stipend as mutually agreed upon by the parties
      hereto.

    


    13. Notices.
      Any
      notice or communication required or permitted to be given to the parties shall
      be delivered personally or sent by registered or certified mail, postage prepaid
      and return receipt requested, and addressed or delivered as follows, or to
      such
      other address as the party addressed may have substituted by notice pursuant
      to
      this Section.

    


    
      	 	
              (a)

            	
              If
                to Wolverine:

            


    

    


    Wolverine
      Tube, Inc.

    200
      Clinton Avenue, Suite 1000

    Huntsville,
      Alabama 35801

    Attention:
      Corporate Counsel

    


    
      	 	
              (b)

            	
              If
                to Executive, to his address currently on file with
                Wolverine.

            


    

    


    14. Binding
      Agreement.
      This
      Agreement shall inure to the benefit of and be enforceable by Executive and
      his
      personal or legal representatives, executors, administrators, successors, heirs,
      distributees, devises and legatees.  This Agreement shall inure to the
      benefit of and be enforceable by Wolverine and any of its successors and
      assigns. Wolverine will require any successor (whether direct or indirect,
      by
      purchase, merger, consolidation or otherwise) to all or substantially all of
      the
      business and/or assets of Wolverine to assume expressly and agree to satisfy
      all
      of the obligations under this Agreement in the same manner and to the same
      extent that Wolverine would be required to satisfy such obligations if no such
      succession had taken place. As used in this Agreement, “Wolverine” shall mean
“Wolverine” as hereinbefore defined and any successor to its respective
      businesses and/or assets as aforesaid which assumes and agrees to perform this
      Agreement by operation of law or otherwise.



    
      
         

      

      
        10

        
          

        

      

      
         

      

    


    15. No
      Mitigation of Amounts Payable Hereunder.
      Executive shall not be required to mitigate the amount of any payment provided
      for in this Agreement by seeking other employment or otherwise, nor shall the
      amount of any payment provided for in this Agreement be reduced by any
      compensation earned by Executive as the result of employment by another employer
      after the date of termination, or otherwise. Wolverine’s obligation to make the
      payments provided for in this Agreement and otherwise to perform its obligations
      hereunder shall not be affected by any set-off, counterclaim, recoupment,
      defense or other claim, right or action which Wolverine may have against
      Executive.

    


    16. Amendment.
      This
      Agreement may not be amended or modified otherwise than by a written agreement
      executed by the parties hereto or their respective successors and legal
      representatives.

    


    16. Construction.
      This
      Agreement shall not be construed against any party by reason of the drafting
      or
      preparation hereof.

    


    17. Captions.
      The
      captions of this Agreement are inserted for convenience and are not part of
      the
      Agreement.

    


    18. Severability.
      In case
      any one or more of the provisions contained in this Agreement shall for any
      reason be held to be invalid, illegal, or unenforceable in any other respect,
      such invalidity, illegality or unenforceability shall not affect any other
      provision of this Agreement. This Agreement shall be construed as if such
      invalid, illegal or unenforceable provision had never been a part of the
      Agreement and there shall be deemed substituted therefore such other provision
      as will most nearly accomplish the intent of the parties to the extent permitted
      by the applicable law.

    


    19. Survivorship.
      Upon
      the expiration or other termination of this Agreement or termination of
      Executive’s employment for any reason, the respective rights and obligations of
      the parties hereto shall survive such expiration or other termination to the
      extent necessary to carry out the intentions of the parties under this
      Agreement.

     

    20. Withholding.
      Wolverine may withhold from any amounts payable under this Agreement such
      Federal, state or local taxes as shall be required to be withheld pursuant
      to
      any applicable law or regulation.

     

    


    21. Counterparts.
      This
      Agreement may be executed simultaneously in two or more counterparts, each
      of
      which shall be deemed an original, but all of which shall together constitute
      one in the same Agreement.


    


    


    (Signature
      Page Follows)

    
      
         

      

      
        11

        
          

        

      

      
         

      

    


    


    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement on the dates
      set forth below.

    


    


    
      	
              WOLVERINE:

            	 	
              EXECUTIVE:

            
	 	 	 
	 	 	 
	
              
                By:__________________________

              

            	 	
              By:__________________________

            
	
                    
                Steven S. Elbaum

            	 	
                   
                David A. Owen

            
	
                    
                Chairman of the Board of Directors

            	 	 
	 	 	 
	
              Date:
                _________________________

            	 	
              Date:
                _________________________

            


    


    
      
         

      

      
        12

        
          

        

      

      
         

      

    


    APPENDIX
      A

    


    
      	
              1.

            	
              Cerro
                Copper Products Company, Inc.

            


    

    
      	
              2.

            	
              Luvata

            


    

    
      	
              3.

            	
              Industrias
                Nacobre S.A. de C.V.

            


    

    
      	
              4.
                

            	
              Golden
                Dragon

            


    

    
      	
              5.

            	
              Mueller
                Industries, Inc.

            


    

    
      	
              6.

            	
              Kobe
                Copper Products, Inc.

            


    

    
      	
              7.

            	
              National
                Copper

            


    

    
      	
              8.
                

            	
              Wieland

            


    

    
      	
              9.

            	
              Hitachi,
                Ltd.

            


    

    
      	
              10.

            	
              Trefimetaux

            


    

    
      	
              11.

            	
              Reading
                Tube Corporation

            


    

    
      	
              12.

            	
              IUSA

            


    

    
      	
              13.

            	
              NIBCO

            


    

    
      	
              14.
                

            	
              High
                Performance Tube

            


    

    
      	
              15.

            	
              Commercial
                Metals Company

            


    

    
      	
              16.

            	
              Lucas
                Milhaupt

            


    

    
      	
              17.

            	
              J.W.
                Harris/Lincoln Electric

            


    

    


    Reference
      to the above companies shall incorporate related companies thereto, including,
      but not limited to, all parent companies, subsidiary companies, majority-owned
      companies and joint ventures.



    
      
         

      

      
        13

        
          

        

      

      
         

      

    


    APPENDIX
      B

    


    Release

     

    For
      and
      in consideration of the payments and other benefits described in the employment
      agreement dated as of October 1, 2007 (the “Agreement”)
      between Wolverine Tube, Inc., a Delaware corporation (the “Company”) and David
      A. Owen (the “Executive”)
      and
      for other good and valuable consideration, Executive hereby releases the
      Company, its divisions, affiliates, subsidiaries, parents, branches,
      predecessors, successors, assigns, officers, directors, trustees, employees,
      agents, shareholders, administrators, representatives, attorneys, insurers
      and
      fiduciaries, past, present and future (the “Released
      Parties”)
      from
      any and all claims of any kind arising out of, or related to, his employment
      with the Company, its affiliates and subsidiaries (collectively, with the
      Company, the “Affiliated
      Entities”),
      his
      separation from employment with the Affiliated Entities or derivative of
      Executive’s employment, which Executive now has or may have against the Released
      Parties, whether known or unknown to Executive, by reason of facts which have
      occurred on or prior to the date that Executive has signed this Release. Such
      released claims include, without limitation, any and all claims under federal,
      state or local laws pertaining to employment, including, without limitation,
      the
      Age Discrimination in Employment Act, Title VII of the Civil Rights Act of
      1964, as amended, 42 U.S.C. Section 2000e et.
      seq.,
      the
      Fair Labor Standards Act, as amended, 29 U.S.C. Section 201
et.
      seq.,
      the
      Americans with Disabilities Act, as amended, 42 U.S.C. Section 12101
et.
      seq.
      the
      Reconstruction Era Civil Rights Act, as amended, 42 U.S.C.
      Section 1981 et.
      seq.,
      the
      Rehabilitation Act of 1973, as amended, 29 U.S.C. Section 701
et.
      seq.,
      the
      Family and Medical Leave Act of 1992, 29 U.S.C. Section 2601
et.
      seq.,
      and
      any and all state or local laws regarding employment discrimination and/or
      federal, state or local laws of any type or description regarding employment,
      including but not limited to any claims arising from or derivative of
      Executive’s employment with the Affiliated Entities, as well as any and all
      claims under state contract or tort law.

     

    Executive
      has read this Release carefully, acknowledges that Executive has been given
      at
      least 21 days to consider all of its terms and has been advised to consult
      with any attorney and any other advisors of Executive’s choice prior to
      executing this Release, and Executive fully understands that by signing below
      Executive is voluntarily giving up any right which Executive may have to sue
      or
      bring any other claims against the Released Parties, including any rights and
      claims under the Age Discrimination in Employment Act. Executive also
      understands that Executive has a period of seven days after signing this Release
      within which to revoke his agreement, and that the Company or any other person
      is obligated to make any payments to Executive pursuant to Sections 4(b) or
      4(c)
      of the Agreement until eight days have passed since Executive’s signing of this
      Release without Executive’s signature having been revoked (other than the
      Accrued Obligations as defined in the Agreement). Finally, Executive has not
      been forced or pressured in any manner whatsoever to sign this Release, and
      Executive agrees to all of its terms voluntarily.

     

    Notwithstanding
      anything else herein to the contrary, this Release shall not affect: the
      obligations of Wolverine set forth in the Agreement or other obligations to
      pay
      vested and earned benefits that, in each case, by their terms, are to be
      performed after the date hereof by Wolverine (including, without limitation,
      obligations to Executive under any qualified or non-qualified retirement plan
      or
      other benefit or deferred compensation plan, all of which shall remain in effect
      in accordance with their terms); obligations to indemnify Executive respecting
      acts or omissions in connection with Executive’s service as an officer or
      employee of the Affiliated Entities; or any right Executive may have to obtain
      contribution in the event of the entry of judgment against Executive as a result
      of any act or failure to act for which both Executive and any of the Affiliated
      Entities are jointly responsible.


    
      
         

      

      
        14

        
          

        

      

      
         

      

    


    This
      Release is final and binding and may not be changed or modified except in a
      writing signed by both parties.

     

    
      	 	 	 
	
              Date

            	 	 


    

    


    
      
         

      

      
        15