Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

AMENDMENT NO. 17 TO RECEIVABLES PURCHASE AGREEMENT 

THIS AMENDMENT NO. 17 TO RECEIVABLES PURCHASE AGREEMENT (this “Amendment”), dated as of January 16,
2015, is entered into among WORTHINGTON RECEIVABLES CORPORATION, a Delaware corporation, as Seller (the “Seller”), WORTHINGTON INDUSTRIES, INC., an Ohio corporation, as Servicer (the “Servicer”), THE MEMBERS OF THE
VARIOUS PURCHASER GROUPS FROM TIME TO TIME PARTY TO THE AGREEMENT (as defined below) (each, a “Purchaser Group” and collectively, the “Purchaser Groups”), and PNC BANK, NATIONAL ASSOCIATION, as Administrator (the
“Administrator”). 
 RECITALS 

WHEREAS, the Seller, the Servicer, each member of each of the Purchaser Groups and the Administrator are parties to the
Receivables Purchase Agreement, dated as of November 30, 2000 (as amended, supplemented or otherwise modified through the date hereof, the “Agreement”); 

WHEREAS, concurrently herewith, the Originators and the Seller are entering into that certain Amendment No. 7 to
Purchase and Sale Agreement (the “Sale Agreement Amendment”), dated as of the date hereof; 

WHEREAS, concurrently herewith, the Administrator, the Servicer, the Seller and JPMorgan Chase Bank, N.A. are entering
into that certain Amendment No. 1 to Blocked Account Control Agreement (the “Blocked Account Amendment”), dated as of the date hereof; 

WHEREAS, concurrently herewith, each of Advanced Component Technologies, Inc., The Worthington Steel Company,
Worthington Cylinders Mississippi, LLC and Worthington Steel Company of Kentucky, L.L.C. is entering into a separate Assignment Agreement with the Seller (each, an “Assignment Agreement” and collectively, the “Assignment
Agreement”), dated as of the date hereof; 
 WHEREAS, concurrently herewith, the Seller, the Servicer, the
Purchaser and the Agent are entering into that certain Ninth Amended and Restated Fee Letter (the “Fee Letter”), dated as of the date hereof; and 

WHEREAS, the parties hereto desire to amend the Agreement as hereinafter set forth. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows: 
 1.    Certain Defined Terms.
Capitalized terms that are used herein without definition and that are defined in Exhibit I to the Agreement shall have the same meanings herein as therein defined. 

2.    Amendments to Agreement. The Agreement is hereby amended as follows: 

  
 1 

 (a)    Section 1.2(b) of the
Agreement is hereby replaced in its entirety with the following: 

(b)    On the date of each Purchase, each Purchaser (or the related
Purchaser Agent on its behalf), shall make available to the Seller in same day funds, at the account from time to time specified in writing by the Seller to each Purchaser, an amount equal to the proceeds of such Purchase. 

(b)    The defined term “BBA” and the definition thereof are hereby
deleted in their entirety from Exhibit I of the Agreement. 
 (c)    The
following new defined terms and definitions thereof are hereby added to Exhibit I of the Agreement in appropriate alphabetical order: 

“Anti-Terrorism Laws” has the meaning set forth in
Section 6.1(x) of the Agreement. 
 “Patriot Act” means the
USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), as amended, and the applicable rules and regulations thereunder. 

“Sanctioned Country” means a country or territory that is, or whose
government is, the subject of territorial-based Sanctions. 
 “Sanctioned
Person” means a Person that is, or is owned or controlled by Persons that are: (i) the subject of any Sanctions, or (ii) located, organized or resident in a Sanctioned Country. 

“Sanctions” means any sanctions administered or enforced by the U.S.
Department of Treasury’s Office of Foreign Assets Control, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority. 

(d)    Clause (a)(ii) of the definition of “Eligible Receivable”
set forth in Exhibit I of the Agreement is replaced in its entirety with the following: 
 (ii)
neither (x) a Governmental Authority, nor (y) a Sanctioned Person, 

(e)    The definition of “Euro-Rate” set forth in Exhibit I of the
Agreement is replaced in its entirety with the following: 
 “Euro-Rate”
means with respect to any Yield Period, the interest rate per annum determined by the Administrator by dividing (the resulting quotient rounded upwards, if necessary, to the nearest 1/100th of 1% per annum) (i) the rate of interest
determined by the applicable Purchaser Agent in accordance with its usual procedures (which determination shall be conclusive absent manifest error) to be the average of the London 

  
 2 

 
interbank market offered rates for U.S. dollars as set forth on display page 3750 on Dow Jones Markets Service (or such other display page on the Dow Jones Markets Service system as may from time
to time replace display page 3750 or such other service that may from time to time replace Dow Jones Markets Service) at or about 11:00 a.m. (London time) on the Business Day which is two (2) Business Days prior to the first day of such Yield
Period for an amount comparable to the Portion of Investment to be funded at the Yield Rate and based upon the Euro-Rate during such Yield Period by (ii) a number equal to 1.00 minus the Euro-Rate Reserve Percentage. The Euro-Rate may also be
expressed by the following formula: 
  

					
	
                      
Euro-Rate
		 =
		 Average of London interbank offered rates shown on Dow

Jones Markets Service display page 3750

or appropriate successor

					                 1.00 - Euro-Rate Reserve Percentage

 where “Euro-Rate Reserve Percentage” means,
the maximum effective percentage in effect on such day as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including without limitation, supplemental, marginal, and
emergency reserve requirements) with respect to eurocurrency funding (currently referred to as “Eurocurrency Liabilities”). The Euro-Rate shall be adjusted with respect to any Portion of Investment funded at the Yield Rate and based
upon the Euro-Rate that is outstanding on the effective date of any change in the Euro-Rate Reserve Percentage as of such effective date. The applicable Purchaser Agent shall give prompt notice to the Seller of the Euro-Rate as determined or
adjusted in accordance herewith (which determination shall be conclusive absent manifest error). 

(f)    The definition of “Facility Termination Date” set forth in
Exhibit I of the Agreement is amended by replacing the date “January 16, 2015” where it appears in clause (a) therein with the date January 16, 2018. 

(g)    The definition of “Steel Surcharge Receivable” set forth in
Exhibit I of the Agreement is replaced in its entirety with the following: 

“Steel Surcharge Receivable” means a Receivable, the Originators of which
are The Worthington Steel Company, a Delaware corporation, The Worthington Steel Company, an Ohio corporation, Worthington Steel Company of Decatur, L.L.C., an Alabama limited liability company, Worthington Steel of Michigan, Inc., a Michigan
corporation, WSC Acquisition, LLC, an Ohio Limited liability company, or The Worthington 

  
 3 

 
Steel Company, LLC, an Ohio limited liability company, which is associated with surcharges for coke shortages, utilities, fuel, freight and other costs from vendors of such Originators. 

(h)    Section 1(t) of Exhibit III of the Agreement is hereby replaced
in its entirety with the following: 
 (t)    The Seller is not an
“investment company,” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended. In addition, the Seller is not a “covered fund” under
Section 13 of the U.S. Bank Holding Company Act of 1956, as amended, and the applicable rules and regulations thereunder. 

(i)    The following new clause (x) is hereby added to Section 1
of Exhibit III of the Agreement immediately following clause (w) thereof: 

(x)    Neither Seller nor any of its directors, officers, employees,
agent or Affiliates (i) is an “enemy” or an “ally of the enemy” within the meaning of Section 2 of the Trading with the Enemy Act of the United States (50 U.S.C. App. §§ 1 et seq.), (ii) is in violation
of (A) any of the laws, regulations and executive orders administered by the U.S. Department of Treasury’s Office of Foreign Assets Control, including the International Emergency Economic Powers Act (50 U.S.C. §§ 1701-1705), the
Trading with the Enemy Act (50 U.S.C. App. §§ 1-44), and the Office of Foreign Assets Control, Department of the Treasury regulations (31 C.F.R. Parts 500 et seq.), or (B) the Patriot Act (collectively, the “Anti-Terrorism
Laws”) or (iii) is a Sanctioned Person. No part of the proceeds of any Purchase will be unlawfully used directly or, to its knowledge, indirectly to fund any operations in, finance any investments or activities in or make any payments to,
a Sanctioned Person or a Sanctioned Country, or in any other manner that will result in any violation by it or, to its knowledge, by any other Person (including any Affected Person) of any Anti-Terrorism Laws. 

(j)    The following new clause (r) is hereby added to Section 2
of Exhibit III of the Agreement immediately following clause (q) thereof: 

(r)    Neither Servicer nor any of its directors, officers, employees,
agents or Affiliates (i) is an “enemy” or an “ally of the enemy” within the meaning of Section 2 of the Trading with the Enemy Act of the United States (50 U.S.C. App. §§ 1 et seq.), (ii) is in violation
of any Anti-Terrorism Laws or (iii) is a Sanctioned Person. No part of the proceeds of any Purchase hereunder, or any sale of Receivables under the Sale Agreement, in either case, will be unlawfully used directly or, to its knowledge,
indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country, or in any other manner that will result in any violation by it or, to

  
 4 

 
its knowledge, by any other Person (including any Affected Person) of any Anti-Terrorism Laws. 

(k)    Clause (j) of Exhibit V of the Agreement is amended by replacing
the amount “$5,000,000” where it appears therein with the amount “$50,000,000”. 

(l)    Clause (k) of Exhibit V of the Agreement is amended by replacing
(i) the amount “$250,000” where it appears therein with the amount “$25,000,000” and (ii) the amount “$1,000,000” where it appears therein with the amount “$50,000,000”. 

(m)    Clause (l) of Exhibit V of the Agreement is amended by replacing
the amount “$20,000,000” where it appears therein with the amount “$50,000,000”. 

(n)    Schedule II of the Agreement is replaced in its entirety with Schedule
II attached hereto. 
 3.    Representations and Warranties. The Seller and the Servicer each
hereby represents and warrants to the Administrator and each member of the various Purchaser Groups from time to time party to the Agreement as follows: 

(a)    Representations and Warranties. Its representations and warranties contained
in Exhibit III of the Agreement are true and correct as of the date hereof (unless stated to relate solely to an earlier date, in which case such representations or warranties were true and correct as of such earlier date); 

(b)    Enforceability. The execution and delivery by each of the Seller and the
Servicer of this Amendment, and the performance of each of its obligations under this Amendment and the Agreement, as amended hereby, are within each of its corporate powers and have been duly authorized by all necessary corporate action on each of
its parts. This Amendment and the Agreement, as amended hereby, are each of the Seller’s and the Servicer’s valid and legally binding obligations, enforceable in accordance with its terms; and 

(c)    No Default. Immediately after giving effect to this Amendment and the
transactions contemplated hereby, no Termination Event or Unmatured Termination Event exists or shall exist. 

(d)    Borrowing Base. Immediately after giving effect to this Amendment, the Sale
Agreement Amendment and the Assignment Agreements, the Aggregate Investment plus the Total Reserves on the date hereof will not exceed the Net Receivables Pool Balance on the date hereof. 

4.    Consent. Each of the parties hereto hereby (i) consents to the execution, delivery and
performance of the Sale Agreement Amendment, the Blocked Account Amendment, each Assignment Agreement and each of the other documents, instruments and agreements referenced in Section 6 of this Amendment and (ii) waives any notice
requirement set forth in the Agreement or any other Transaction Document as a prerequisite or condition precedent to the effectiveness of any such document, instrument or agreement. 

  
 5 

 5.    Effect of Amendment. All provisions of the
Agreement, including as expressly amended and modified by this Amendment, shall remain in full force and effect and are hereby ratified. After this Amendment becomes effective, all references in the Agreement (or in any other Transaction Document)
to “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Agreement shall be deemed to be references to the Agreement as amended by this Amendment. This Amendment shall not be deemed, either
expressly or impliedly, to waive, amend or supplement any provision of the Agreement other than as set forth herein. 

6.    Effectiveness. This Amendment shall become effective as of the date hereof upon
(a) receipt by the Administrator of counterparts of: (i) this Amendment, (ii) the Sale Agreement Amendment, (iii) the Fee Letter, (iv) the Blocked Account Amendment, (v) each Assignment Agreement, (vi) a pro forma
Information Package prepared after giving effect to the Assignment Agreements and (vii) such other documents, instruments and agreements reasonably requested by the Administrator prior to the date hereof and (b) payment of the
“Structuring Fee” (under and as defined in the Fee Letter) in accordance with the terms of the Fee Letter. 

7.    Counterparts. This Amendment may be executed in any number of counterparts and by different
parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument. 

8.    Severability. Each provision of this Amendment shall be severable from every other provision
of this Amendment for the purpose of determining the legal enforceability of any provision hereof, and the unenforceability of one or more provisions of this Amendment in one jurisdiction shall not have the effect of rendering such provision or
provisions unenforceable in any other jurisdiction. 
 9.    Governing Law. This Amendment shall
be governed by, and construed in accordance with, the internal laws of the State of New York (without regard to any otherwise applicable principles of conflicts of law other than Sections 5-1401 and 5-1402 of the New York General Obligations Law).

 10.    Section Headings. The various headings of this Amendment are included for convenience
only and shall not affect the meaning or interpretation of this Amendment, the Agreement or any provision hereof or thereof. 
 [REMAINDER OF
PAGE INTENTIONALLY LEFT BLANK] 

  
 6 

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

			
	 WORTHINGTON RECEIVABLES CORPORATION, as Seller

		
	 By:
		 /s/Marcus Rogier

 
			
	     Name:
		 Marcus Rogier

	     Title:
		 Treasurer

  

			
	 WORTHINGTON INDUSTRIES, INC.,

as Servicer

		
	 By:
		 /s/Marcus Rogier

 
			
	     Name:
		 Marcus Rogier

	     Title:
		 Treasurer

  
 Schedule II 

  

			
	 PNC BANK, NATIONAL ASSOCIATION,

as Administrator

		
	 By:
		 /s/Mark Falcione

 
			
	     Name:
		 Mark Falcione

	     Title:
		 Executive Vice President

 

			
	 PNC BANK, NATIONAL ASSOCIATION,

as a Purchaser Agent and a Related Committed

Purchaser

		
	 By:
		 /s/Mark Falcione

 
			
	     Name:
		 Mark Falcione

	     Title:
		 Executive Vice President

  
 Schedule II 

 SCHEDULE II 

SCHEDULE II 
 LOCK-BOX
BANKS AND LOCK-BOX ACCOUNTS 

  
 Schedule IIEX-10.2

 Exhibit 10.2 

EXECUTION VERSION 

AMENDMENT NO. 7 
 Dated as of
January 16, 2015 
 to 

PURCHASE AND SALE AGREEMENT 
 Dated
as of November 30, 2000 
 This AMENDMENT NO. 7 (this “Amendment”), dated as of January 16, 2015, is entered into
among the VARIOUS ENTITIES LISTED ON SCHEDULE I HERETO AS ORIGINATORS (each, a “Remaining Originator”; and collectively, the “Remaining Originators”), ADVANCED COMPONENT TECHNOLOGIES, INC., a corporation organized
under the laws of Minnesota, WORTHINGTON CYLINDERS MISSISSIPPI, LLC, an Ohio limited liability company, THE WORTHINGTON STEEL COMPANY, a corporation organized under the laws of North Carolina and WORTHINGTON STEEL COMPANY OF KENTUCKY, L.L.C., a
limited liability company organized under the laws of Kentucky (each, a “Released Originator”; and collectively, the “Released Originators”), and WORTHINGTON RECEIVABLES CORPORATION, a Delaware corporation (the
“Company”). 
 RECITALS 

WHEREAS, the Remaining Originators, the Released Originators and the Company have entered into that certain Purchase and Sale
Agreement, dated as of November 30, 2000 (as amended, supplemented or otherwise modified through the date hereof, the “Agreement”); 

WHEREAS, in connection with this Amendment, each of the Released Originators is being removed from the Agreement as a party
thereto in the capacity of an “Originator”; 
 WHEREAS, concurrently herewith, the Company, as the Seller, the
Servicer, the Administrator and PNC are entering into that certain Amendment No. 17 to the Receivables Purchase Agreement, dated as of the date hereof (the “Receivables Purchase Agreement Amendment”); and 

WHEREAS, the parties hereto wish to make certain changes to the Agreement as herein provided. 

NOW, THEREFORE, in consideration of the promises and the mutual agreements contained herein and in the Agreement, the parties
hereto agree as follows: 
 SECTION 1.    Definitions. All capitalized terms not otherwise
defined herein are used as defined in the Agreement (including terms incorporated therein by reference). 
 SECTION
2.    Amendments to Agreement. The Agreement is hereby amended as follows: 

2.1    Schedule I of the Agreement is hereby amended and restated in its entirety as set forth on
Schedule I attached hereto. 

  

					
		 	1	 	 7th Amendment to the

Purchase and Sale Agreement

 2.2    Schedule 5.15 of the Agreement is hereby
amended and restated in its entirety as set forth on Schedule 5.15 attached hereto. 

2.3    Schedule 6.1(f) of the Agreement is hereby amended and restated in its entirety as set forth
on Schedule 6.1(f) attached hereto. 
 SECTION 3.    Release of Released Originators.
The parties hereto hereby agree that upon the effectiveness of this Amendment, the Released Originators shall no longer (a) be party to the Agreement or any other Transaction Document and shall no longer have any obligations or rights
thereunder (other than such obligations which by their express terms survive termination of the Agreement or such other Transaction Document, as applicable) and (b) sell any Receivables or Related Rights to the Company pursuant to the Agreement
or otherwise. 
 SECTION 4.    Cancellation of Company Note. Each Released Originator
represents and warrants to the other parties hereto that it (a) currently holds the Company Note made by the Company to such Released Originator (each, a “Released Originator Note”; and collectively, the “Released
Originator Notes”) and (b) has not sold, pledged, assigned, or otherwise transferred any Released Originator Note or any interest therein. Each Released Originator hereby acknowledges and agrees that as of the date hereof, all the
Company’s outstanding obligations (including, without limitation, any payment obligations) under its applicable Released Originator Note have been finally and fully paid and performed. Each of the Released Originator Notes is hereby cancelled
and shall have no further force or effect. 
 SECTION 5.    Authorization to File Financing
Statements. Upon the effectiveness of this Amendment, each of the Released Originators and the Company hereby authorizes the Administrator to file (at the expense of the Company) one or more UCC-3 amendments in the form of Exhibit A
hereto. 
 SECTION 6.    Waiver and Limitations. 

6.1    Waiver. Worthington, Worthington Industries Engineered Cabs, Inc., a Delaware corporation
(“Engineered Inc.”) and Worthington Industries Engineered Cabs, LLC, a Delaware limited liability company (“Engineered LLC”) hereby advise the Company, the Administrator and each Purchaser (collectively, the
“Waiving Parties”) that prior to the date hereof, (i) Angus Industries, Inc., a Delaware corporation, changed its name to “Worthington Industries Engineered Cabs, Inc.” and (ii) Angus-Palm, LLC, a Delaware
limited liability company, changed its name to “Worthington Industries Engineered Cabs, LLC”, in each case, resulting in the breach of Sections 5.12 and 5.15 of the Agreement (collectively, the “Breach”). Each of the
Waiving Parties hereby agrees to irrevocably waive the Breach as well as any Purchase and Sale Termination Event, Unmatured Purchase and Sale Termination Event, Termination Event or Unmatured Termination Event that has occurred and is continuing
solely and directly from the Breach. 
 6.2    Limitations. Except as expressly set forth in
clause (a) above, none of the Waiving Parties are hereby waiving, and none have agreed to waive in the future (i) the breach of any provisions of the Agreement or any other Transaction Document (including, without limitation, any
future Breach), (ii) any Purchase and Sale Termination Event, Unmatured 

  

					
		 	2	 	 7th Amendment to the

Purchase and Sale Agreement

 
Purchase and Sale Termination Event, Termination Event or Unmatured Termination Event or (iii) any rights or remedies in respect of such breach, Purchase and Sale Termination Event,
Unmatured Purchase and Sale Termination Event, Termination Event, Unmatured Termination Event or other event or circumstance. 

SECTION 7.    Miscellaneous. 

7.1    Representations and Warranties. 

(a)    Each of the Released Originators, the Remaining Originators and the Company hereby
makes, with respect to itself, the following representations and warranties to the other parties hereto, the Administrator and each member of each Purchaser Group: 

(i)    Representations and Warranties. The representations and warranties
contained in Article V of the Agreement of such “Originators” are true and correct as of the date hereof (unless stated to relate solely to an earlier date, in which case such representations and warranties were true and correct as
of such earlier date); 
 (ii)    Enforceability. The execution and delivery by
such Person of this Amendment, and the performance of its obligations under this Amendment and the Agreement, as amended hereby, are within its organizational powers and have been duly authorized by all necessary organizational action on its part.
This Amendment and the Agreement, as amended hereby, are its valid and legally binding obligations, enforceable in accordance with its terms; and 

(iii)    Termination Event. No Purchase and Sale Termination Event or Unmatured
Purchase and Sale Termination Event has occurred and is continuing. 
 (b)    The
Company hereby represents and warrants to the other parties hereto, the Administrator and each member of each Purchaser Group, with respect to itself, that: 

(i)    Representations and Warranties. Its representations and warranties
contained in Exhibit III of the Receivables Purchase Agreement are true and correct as of the date hereof (unless stated to relate solely to an earlier date, in which case such representations or warranties were true and correct as of such
earlier date); and 
 (ii)    No Default. Immediately after giving effect to
this Amendment and the transactions contemplated hereby, no Termination Event or Unmatured Termination Event shall exist. 

7.2    Effectiveness. This Amendment shall become effective as of the date hereof upon
(a) receipt by the Company and the Administrator of counterparts of this Amendment (whether 

  

					
		 	3	 	 7th Amendment to the

Purchase and Sale Agreement

 
by facsimile or otherwise) executed by each of the other parties hereto and (b) the effectiveness of the Receivables Purchase Agreement Amendment. 

7.3    References to Agreement. Upon the effectiveness of this Amendment, each reference in the
Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import shall mean and be a reference to the Agreement as amended hereby, and each reference to the Agreement in any other
document, instrument or agreement executed and/or delivered in connection with the Agreement shall mean and be a reference to the Agreement as amended hereby. 

7.4    Effect on the Agreement. Except as specifically amended above, the Agreement and all other
documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 

7.5    No Waiver. The execution, delivery and effectiveness of this Amendment shall not operate as a
waiver of any right, power or remedy of any party under the Agreement or any other document, instrument or agreement executed in connection therewith, nor constitute a waiver of any provision contained therein, except as specifically set forth
herein. 
 7.6    Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK. 
 7.7    Severability. Each provision of this Amendment
shall be severable from every other provision of this Amendment for the purpose of determining the legal enforceability of any provision hereof, and the unenforceability of one or more provisions of this Amendment in one jurisdiction shall not have
the effect of rendering such provision or provisions unenforceable in any other jurisdiction. 

7.8    Successors and Assigns. This Amendment shall be binding upon and shall inure to the
benefit of the parties hereto and their respective successors and assigns. 
 7.9    Headings. The
Section headings in this Amendment are inserted for convenience of reference only and shall not affect the meaning or interpretation of this Amendment or any provision hereof. 

7.10    Counterparts. This Amendment may be executed by the parties hereto in several
counterparts, each of which shall be deemed to be an original and all of which shall constitute together but one and the same agreement. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  

					
		 	4	 	 7th Amendment to the

Purchase and Sale Agreement

 IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by
their respective officers thereunto duly authorized, as of the date first above written. 
  

			
	 WORTHINGTON RECEIVABLES CORPORATION

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

  

					
		 	S-1	 	 7th Amendment to the

Purchase and Sale Agreement

 
			
	 REMAINING ORIGINATORS:

	
	 THE WORTHINGTON STEEL COMPANY,

a Delaware corporation

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 THE WORTHINGTON STEEL COMPANY,

an Ohio corporation

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 WORTHINGTON CYLINDERS CORPORATION

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 WORTHINGTON CYLINDERS WISCONSIN, LLC

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 WORTHINGTON STEEL COMPANY OF DECATUR, L.L.C.

			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

  

					
		 	S-2	 	 7th Amendment to the

Purchase and Sale Agreement

 
			
	 WORTHINGTON STEEL OF MICHIGAN, INC.

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 WORTHINGTON CYLINDERS KANSAS, LLC

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 WORTHINGTON TORCH, LLC

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 WSC ACQUISITION, LLC

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 THE WORTHINGTON STEEL COMPANY, LLC

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

  

					
		 	S-3	 	 7th Amendment to the

Purchase and Sale Agreement

 
			
	 STRUCTURAL COMPOSITES INDUSTRIES LLC

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 WORTHINGTON INDUSTRIES ENGINEERED

CABS, INC.

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 WORTHINGTON INDUSTRIES ENGINEERED

CABS, LLC

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

  

					
		 	S-4	 	 7th Amendment to the

Purchase and Sale Agreement

 
			
	 RELEASED ORIGINATORS:

	
	 ADVANCED COMPONENT TECHNOLOGIES, INC.

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 THE WORTHINGTON STEEL COMPANY,

a North Carolina corporation

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 WORTHINGTON STEEL COMPANY OF KENTUCKY, LLC

			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

 

			
	 WORTHINGTON CYLINDERS MISSISSIPPI, LLC

 
			
		
	 By:
	 	 /s/Marcus Rogier

 
			
	    Name:  Marcus Rogier

	    Title:    Treasurer

  

					
		 	S-5	 	 7th Amendment to the

Purchase and Sale Agreement

			
	 ACKNOWLEDGED AND AGREED:

	
	 PNC BANK, NATIONAL ASSOCIATION,

as Administrator

			
		
	 By:
	 	 /s/Mark Falcione

			
	   Name:  Mark Falcione

	   Title:    Executive Vice President

 

			
	 PNC BANK, NATIONAL ASSOCIATION,
as a Related Committed Purchaser

			
		
	 By:
	 	 /s/Mark Falcione

			
	   Name:  Mark Falcione

	   Title:    Executive Vice President

  

					
		 	Sch. I-1	 	Purchase and Sale Agreement

 SCHEDULE I 

Schedule I 

LIST OF ORIGINATORS 

The Worthington Steel Company, a Delaware corporation 

The Worthington Steel Company, an Ohio corporation 

Worthington Cylinders Wisconsin, LLC, an Ohio limited liability company 

Worthington Steel Company of Decatur, L.L.C., an Alabama limited liability company 

Worthington Steel of Michigan, Inc., a Michigan corporation 

Worthington Cylinders Corporation, an Ohio corporation 

Worthington Industries Engineered Cabs, LLC, a Delaware limited liability company 

Worthington Industries Engineered Cabs, Inc., a Delaware corporation 

Structural Composites Industries LLC, a Delaware limited liability company 

The Worthington Steel Company, LLC, an Ohio limited liability company 

WSC Acquisition, LLC, an Ohio limited liability company 

Worthington Torch, LLC, an Ohio limited liability company 

Worthington Cylinders Kansas, LLC, an Ohio limited liability company 

  

					
		 	Sch. 5.15-2	 	Purchase and Sale Agreement

 SCHEDULE 5.15 

Schedule 5.15 

TRADE NAMES 
  

			
	 Legal Name
	  	Trade Names
	 Worthington Industries Engineered Cabs, LLC
	  	 Angus Industries

Angus-Palm
 Angus Engineering

Advanced Component Technologies

Worthington Industries

	 Worthington Industries Engineered Cabs, Inc.
	  	 Angus Industries

Angus-Palm
 Angus Engineering

Advanced Component Technologies

Worthington Industries

	 Structural Composites Industries LLC
	  	 Structural Composites Industries

Worthington Cylinders

	 The Worthington Steel Company, LLC
	  	 Worthington Steel – Cleveland

Worthington Steel Company

	 WSC Acquisition, LLC
	  	 Worthington Steel – Vonore

Worthington Steel Company

	 Worthington Torch, LLC
	  	 Worthington Cylinders

BernzOMatic

	 Worthington Cylinders Kansas, LLC
	  	 Worthington Cylinders

Coleman

	 The Worthington Steel Company, a Delaware corporation
	  	 Worthington Steel Company

	 The Worthington Steel Company, an Ohio corporation
	  	 Worthington Steel – Baltimore

Worthington Steel – Columbus

Worthington Steel – Delta

Worthington Steel – Monroe

Worthington Steel – Porter

Worthington Steel Company

	 Worthington Cylinders Corporation
	  	 Worthington Cylinders

Worthington Industries

	 Worthington Cylinders Wisconsin, LLC
	  	 Worthington Cylinders

  

					
		 	Sch. 5.15-1	 	Purchase and Sale Agreement

			
		  	 Worthington Industries

	 Worthington Steel Company of Decatur, L.L.C.
	  	 Worthington Steel – Decatur

Worthington Steel Company
 The
Worthington Steel Company

	 Worthington Steel of Michigan, Inc.
	  	 Worthington Steel Company

The Worthington Steel Company

 The Worthington Steel Company, a Delaware corporation, was originally incorporated as Worthington
Ventures, Inc., a Delaware corporation, in March 1992. The Worthington Steel Company, a Pennsylvania corporation, which held the Malvern, PA facility, merged with an into Worthington Ventures, Inc. on November 26, 1996 as part of a corporate
reorganization. Worthington Ventures, Inc., a Delaware corporation, was the surviving entity and changed its name to The Worthington Steel Company. 

The Worthington Steel Company, an Ohio corporation, was originally incorporated on February 10, 1998 as The Worthington Steel
Company of Ohio, Inc. On May 22, 1998, as part of a corporate reorganization, its name was changed to the current name, The Worthington Steel Company. 

  

					
		 	Sch. 5.15-2	 	Purchase and Sale Agreement

 SCHEDULE 6.1(f) 

Schedule 6.1(f) 

LOCATION OF EACH ORIGINATOR 
  

			
	 Originator
	  	Location
		
	 The Worthington Steel Company, a Delaware corporation
	  	 Delaware

		
	 The Worthington Steel Company, an Ohio corporation
	  	 Ohio

		
	 Worthington Cylinders Corporation
	  	 Ohio

		
	 Worthington Cylinders Wisconsin, LLC
	  	 Ohio

		
	 Worthington Steel Company of Decatur, L.L.C.
	  	 Alabama

		
	 Worthington Steel of Michigan, Inc.
	  	 Michigan

		
	 Worthington Industries Engineered Cabs, LLC
	  	 Delaware

		
	 Worthington Industries Engineered Cabs, Inc.
	  	 Delaware

		
	 Structural Composites Industries LLC
	  	 Delaware

		
	 The Worthington Steel Company, LLC
	  	 Ohio

		
	 WSC Acquisition, LLC
	  	 Ohio

		
	 Worthington Torch, LLC
	  	 Ohio

		
	 Worthington Cylinders Kansas, LLC
	  	 Ohio

  

					
		 	Sch. 6.1(f)-1	 	Purchase and Sale Agreement

 LOCATION OF CHIEF EXECUTIVE OFFICE AND PRINCIPAL PLACE OF 

BUSINESS OF EACH ORIGINATOR 
  

			
	 Originator
	  	Location
		
	 The Worthington Steel Company, a Delaware corporation
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085

		
	 The Worthington Steel Company, an Ohio corporation
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085

		
		  	 1127 Dearborn Drive

Columbus, Ohio 43085

		
		  	 6303 County Road 10

Delta, Ohio 43515

		
		  	 100 Worthington Drive

Porter, Indiana 46304

		
		  	 350 Lawton Avenue

Monroe, Ohio 45050

		
	 Worthington Cylinders Corporation
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085

		
		  	 1085 Dearborn Drive

Columbus, OH 43085

		
	 Worthington Cylinders Wisconsin, LLC
	  	 200 Old Wilson Bridge Road

Columbus, OH 43085

		
		  	 300 East Breed Street

Chilton, WI 53014

		
	 Worthington Steel Company of Decatur, L.L.C.
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085

		
		  	 1400 Red Hat Road, N.W.

Decatur, Alabama 35601

		
	 Worthington Steel of Michigan, Inc.
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085

  

					
		 	Sch. 6.1(f)-2	 	Purchase and Sale Agreement

			
		
	 Worthington Industries Engineered Cabs, LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

315 Airport Drive,
 Watertown
South Dakota, 57201

		
	 Worthington Industries Engineered Cabs, Inc.
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

315 Airport Drive,
 Watertown
South Dakota, 57201

		
	 Structural Composites Industries LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

336 Enterprise Place
 Pomona, CA
91768

		
	 The Worthington Steel Company, LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

4310 East 49th Street

Cuyahoga Heights, Ohio 44125

		
	 WSC Acquisition, LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085

		
	 Worthington Torch, LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

1690 Lowery Street
 Winston-Salem,
NC 27101

		
	 Worthington Cylinders Kansas, LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

5605 N 119th St W
 Maize, KS
67101

  

					
		 	Sch. 6.1(f)-3	 	Purchase and Sale Agreement

 LOCATION OF BOOKS AND RECORDS OF ORIGINATORS 

 

			
	 Originator
	  	Location
		
	 The Worthington Steel Company, a Delaware corporation
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085

		
	 The Worthington Steel Company, an Ohio corporation
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085

		
		  	 1127 Dearborn Drive

Columbus, Ohio 43085

		
		  	 6303 County Road 10

Delta, Ohio 43515

		
		  	 100 Worthington Drive

Porter, Indiana 46304

		
		  	 350 Lawton Avenue

Monroe, Ohio 45050

		
	 Worthington Cylinders Corporation
	  	 200 Old Wilson Bridge Road

Columbus, OH 43085

		
		  	 1085 Dearborn Drive

Columbus, OH 43085

		
	 Worthington Cylinders Wisconsin, LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

300 East Breed Street
 Chilton, WI
53014

		
	 Worthington Steel Company of Decatur, L.L.C.
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085

		
		  	 1400 Red Hat Road, N.W.

Decatur, Alabama 35601

		
	 Worthington Steel of Michigan, Inc.
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085

  

					
		 	Sch. 6.1(f)-4	 	Purchase and Sale Agreement

			
	 Worthington Industries Engineered Cabs, LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

315 Airport Drive,
 Watertown
South Dakota, 57201

		
	 Worthington Industries Engineered Cabs, Inc.
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

315 Airport Drive,
 Watertown
South Dakota, 57201

		
	 Structural Composites Industries LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

336 Enterprise Place
 Pomona, CA
91768

		
	 The Worthington Steel Company, LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

4310 East 49th Street

Cuyahoga Heights, Ohio 44125

		
	 WSC Acquisition, LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085

		
	 Worthington Torch, LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

1690 Lowery Street
 Winston-Salem,
NC 27101

		
	 Worthington Cylinders Kansas, LLC
	  	 200 Old Wilson Bridge Road

Columbus, Ohio 43085
  

5605 N 119th St W
 Maize, KS
67101

  

					
		 	Sch. 6.1(f)-5	 	Purchase and Sale Agreement

 EXHIBIT A 

UCC-3s TO BE FILED 

(attached) 

  

					
		 	Exhibit A-1	 	 7th Amendment to the

Purchase and Sale Agreement

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