Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

EXCHANGE AND TAX RECEIVABLE 

TERMINATION AGREEMENT 

This Exchange and Tax Receivable Termination Agreement (this “Agreement”), is entered into as of October 1, 2013, by and
among Edgen Group Inc., a Delaware corporation (the “Company”), Sumitomo Corporation of America, a New York corporation (“Parent”), Edgen Murray II, L.P., a Delaware limited partnership (“EM”),
Bourland & Leverich Holdings LLC, a Delaware limited liability company (“B&L”), and EDG Holdco LLC, a Delaware limited liability company (“EDG Holdco”). 

RECITALS 
 WHEREAS, the
Company, EDG Holdco and EM are parties to an Exchange Agreement dated as of May 2, 2012 (the “EM Exchange Agreement”), pursuant to which the parties thereto provided for the exchange with EDG Holdco of membership units
representing membership interests of EDG Holdco (“Membership Units”) owned by EM, together with shares of Class B Common Stock, par value $.0001 per share, of the Company (“Class B Shares”) owned by EM, for shares
of Class A Common Stock, par value $.0001 per share, of the Company (“Company Common Stock”) or cash; 
 WHEREAS, the
Company and EM are parties to a Tax Receivable Agreement dated as of May 2, 2012 (the “EM Tax Receivable Agreement”), pursuant to which certain payments are made by the Company to EM based on the reduction of the Company’s
liability for U.S. federal, state and local income and franchise taxes arising from adjustments to EDG Holdco’s basis in its assets and imputed interest; 

WHEREAS, the Company, EDG Holdco and B&L are parties to an Exchange Agreement dated as of May 2, 2012 (the “B&L Exchange
Agreement,” and collectively with the EM Exchange Agreement, the “Exchange Agreements”), pursuant to which the parties thereto provided for the exchange with EDG Holdco of Membership Units owned by B&L, together with
Class B Shares owned by B&L, for shares of Company Common Stock or cash; 
 WHEREAS, the Company and B&L are parties to a Tax
Receivable Agreement dated as of May 2, 2012 (the “B&L Tax Receivable Agreement”), pursuant to which certain payments are made by the Company to B&L based on the reduction of the Company’s liability for U.S.
federal, state and local income and franchise taxes arising from adjustments to EDG Holdco’s basis in its assets and imputed interest; 

WHEREAS, under each of the Exchange Agreements, the Company has the right to assume the rights and obligations of EDG Holdco to receive the
Membership Units and Class B Shares and to issue to the exchanging party shares of Company Common Stock or cash; 
 WHEREAS, the Company,
Parent and Lochinvar Corporation, a Delaware corporation, are parties to an Agreement and Plan of Merger dated the date hereof (the “Merger Agreement”), pursuant to which Merger Sub will be merged with and into the Company, with the
Company surviving that merger (the “Merger”); 

 WHEREAS, immediately prior to the Merger, the parties hereto intend for (i) the Company to
assume the obligations of EDG Holdco under the Exchange Agreements, (ii) the Company and EM to terminate the EM Tax Receivable Agreement, (iii) the Company and B&L to terminate the B&L Tax Receivable Agreement, (iv) EM to
exchange all of the Membership Units and Class B Shares owned by EM for shares of Company Common Stock, pursuant to Section 2.1 of the EM Exchange Agreement (the “EM Exchange”), and (v) B&L to exchange all of the
Membership Units and Class B Shares owned by B&L for shares of Company Common Stock, pursuant to Section 2.1 of the B&L Exchange Agreement (the “B&L Exchange” and together with the EM Exchange, the
“Exchanges”); 
 NOW, THEREFORE, in consideration of the foregoing and of the representations, warranties, covenants and
agreements contained in this Agreement, the parties, intending to be legally bound, agree as follows: 
  

	1.	Definitions. 

 For purposes of this Agreement, capitalized terms used and not defined
herein shall have the respective meanings ascribed to them in the Merger Agreement. 
  

	2.	Exchange and Termination. 

 The parties hereto agree that the following events shall
occur immediately prior to the Effective Time without the requirement for any further action by any of the parties hereto (except by the Company pursuant to Section 4(n) and clause (g) below): 

(a) The Company shall assume the obligations and rights of EDG Holdco under the Exchange Agreements. 

(b) The EM Tax Receivable Agreement shall be terminated at no cost to the Company, Parent or any of their respective affiliates and shall be
of no further force or effect. 
 (c) The B&L Tax Receivable Agreement shall be terminated at no cost to the Company, Parent or any of
their respective affiliates and shall be of no further force or effect. 
 (d) The Company shall irrevocably waive the rights
(x) pursuant to Section 2.1(d) of the Exchange Agreements, to pay to EM and B&L, respectively, cash in lieu of shares of Company Common Stock with respect to the Exchanges and (y) to refuse to honor any request for the Exchanges,
pursuant to Section 2.1(b) of the Exchange Agreements. 

  
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 (e) Pursuant to the EM Exchange, all of the 12,615,230 Membership Units and all of the 12,615,230
Class B Shares owned by EM shall be exchanged for 12,615,230 shares of Company Common Stock, and this Agreement shall constitute the Notice of such exchange required by Section 2.1 of the EM Exchange Agreement. 

(f) Pursuant to the B&L Exchange, all of the 11,727,908 Membership Units and all of the 11,727,908 Class B Shares owned by B&L shall
be exchanged for 11,727,908 shares of Company Common Stock, and this Agreement shall constitute the Notice of such exchange required by Section 2.1 of the B&L Exchange Agreement. 

(g) Notwithstanding anything to the contrary set forth in Section 2.1(c) of the Exchange Agreements, the Company shall issue and deliver
to EM and B&L certificates for the Company Common Stock to be received by them pursuant to the Exchanges, immediately prior to the Effective Time. 

(h) EM and B&L, respectively, shall irrevocably waive their rights pursuant to Section 3.5(b) of the Exchange Agreements. 

 

	3.	Tax Matters. 

 (a) The parties hereto agree to treat the Exchanges as (i) a taxable
transaction for U.S. federal income Tax purposes (and state, local, and foreign income Tax purposes, where applicable) that is treated in the manner set forth in Revenue Ruling 99-6, 1999-1 C.B. 432 (Situation 1); and (ii) permitting an
adjustment to the basis in EDG Holdco’s assets under Section 1012 of the Code (or any corresponding or similar provision of state, local or foreign Tax Law). 

(b) The parties hereby agree that, within thirty (30) days of the date hereof and no later than ten (10) days prior to the Closing
Date, with prior written notification to Parent, the Company (or its agent) will determine the allocation of (i) the fair market value of the Company Common Stock (based upon the dollar amount of the Merger Consideration), and (ii) any
other amounts treated as consideration for U.S. federal income Tax purposes, among the assets of EDG Holdco (the “Allocation”). The Allocation, as adjusted pursuant to the terms of this Agreement, shall be part of this Agreement.

 (c) The Company shall be permitted and, following the Merger, the Parent will cause the Company, to comply with the obligations of the
Company under the Amended and Restated Limited Liability Company Operating Agreement of EDG Holdco (the “EDG Holdco LLC Agreement”) as in effect as of the date hereof except that (i) no further Tax Distributions shall be made
on account of the tax year of EDG Holdco ending December 31, 2012, (ii) no further Tax Distributions shall be made with respect to the tax year of EDG Holdco ending with the earlier of the Closing Date or December 31, 2013 except that
Tax Distributions shall be paid with respect to such tax year by March 31, 

  
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2014, (iii) if the Closing Date is on or after January 1, 2014, the final Tax Distribution with respect to the tax year of EDG Holdco beginning on January 1, 2014 shall be paid
ninety (90) calendar days after the Closing Date, (iv) there will be no obligation to refund any Credit Amount and Additional Credit Amount or to indemnify EDG Holdco or any other member, and (v) the Company shall deliver U.S.
Internal Revenue Service Schedules K-1 with respect to tax years of EDG Holdco ending with the earlier of the Closing Date or December 31, 2013 by March 31, 2014 or ninety (90) days after the Closing Date if the Closing Date is on or
after January 1, 2014. For purposes of this Section 4(c), capitalized terms used and not defined herein shall have the respective meanings ascribed to them in the EDG Holdco LLC Agreement. 

(d) The parties hereto agree to file all Tax Returns (including IRS Form 8594 or any other applicable form) consistently with this
Section 3. 
  

	4.	Miscellaneous. 

 (a) The headings herein are for convenience of reference only, do not
constitute part of this Agreement and shall not be deemed to limit or otherwise affect any of the provisions hereof. Where a reference in this Agreement is made to a Section, such reference shall be to a Section of this Agreement unless otherwise
indicated. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The words “hereof,”
“herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. 

(b) The parties have participated jointly in negotiating and drafting this Agreement. In the event that an ambiguity or a question of intent
or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 (c) This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware without giving effect
to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of Laws of any jurisdiction other than those of the State of Delaware. 

(d) Each of the parties hereto irrevocably agrees that any legal action or proceeding with respect to this Agreement and the rights and
obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations arising hereunder brought by any other party hereto or its successors or assigns shall be brought and
determined exclusively in the courts of the Delaware Court of Chancery and any state appellate court therefrom within State of Delaware, or in the event (but only in the event) that such court does not have

  
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subject matter jurisdiction over such action or proceeding, in the Federal courts of the United States of America located in the State of Delaware. Each of the parties hereto agrees that mailing
of process or other papers in connection with any such action or proceeding in the manner provided in Section 4(f) or in such other manner as may be permitted by applicable Laws, will be valid and sufficient service thereof. Each of the parties
hereto hereby irrevocably submits with regard to any such action or proceeding for itself and in respect of its property, generally and unconditionally, to the personal jurisdiction of the aforesaid courts and agrees that it will not bring any
action relating to this Agreement or any of the transactions contemplated by this Agreement in any court or tribunal other than the aforesaid courts. Each of the parties hereto hereby irrevocably waives, and agrees not to assert, by way of motion,
as a defense, counterclaim or otherwise, in any action or proceeding with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and
obligations arising hereunder (i) any claim that it is not personally subject to the jurisdiction of the above named courts for any reason other than the failure to serve process in accordance with this Section 4(d), (ii) any claim
that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment,
execution of judgment or otherwise), and (iii) to the fullest extent permitted by the applicable Law, any claim that (x) the suit, action or proceeding in such court is brought in an inconvenient forum, (y) the venue of such suit,
action or proceeding is improper, or (z) this Agreement, or the subject matter hereof, may not be enforced in or by such courts. 
 (e)
EACH PARTY TO THIS AGREEMENT ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF
ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION, (B) SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY
MAKES THIS WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 4(e). 

  
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 (f) All notices, requests, consents, claims, demands, waivers and other communications hereunder
shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt), (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested),
(c) on the date sent by facsimile or e-mail of a “portable document format” (.pdf) document (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next Business Day if sent after normal
business hours of the recipient, or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to the respective parties at the following addresses
(or at such other address for a party as shall be specified in a notice given in accordance with this Section 4(f)): 
  

							
	If to the Company or EDG Holdco, to:	 		 	Edgen Group Inc.
	 	 	18444 Highland Road
		 		 	Baton Rouge, Louisiana 70809
		 		 	Facsimile: (225) 756-7953
		 		 	Attention: General Counsel
			
	with a copy (which will not constitute notice to the Company or EDG Holdco) to:	 		 	Dechert LLP
	 	 	Cira Centre
	 	 	2929 Arch Street
	 	 	Philadelphia, Pennsylvania 19104-2808
		 		 	Facsimile: 215-655-2971
		 		 	E-mail:	  	carmen.romano@dechert.com
		 		 		  	eric.siegel@dechert.com
		 		 	Attention:	  	Carmen J. Romano
		 		 		  	Eric S. Siegel
			
	If to Parent, to:	 		 	Sumitomo Corporation of America
		 		 	840 Gessner, Suite 900
		 		 	Houston, TX, 77024
		 		 	Facsimile: 713- 658-9246
		 		 	Attention: John Howard, Senior Vice President, Unit Head, Mid. Downstream

  
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	with a copy (which will not constitute notice to Parent) to:	 		 	
	 	 	600 Third Avenue
	 	 	New York, New York 10016
		 		 	Facsimile: 212-207-0456
		 		 	Attention: Lewis Farberman
			
		 		 	Norton Rose Fulbright
		 		 	Fulbright Tower
		 		 	1301 McKinney, Suite 5100
		 		 	Houston, Texas 77010
		 		 	Facsimile: 713-651-5246
		 		 	E-mail: kevin.trautner@nortonrosefulbright.com
		 		 	Attention: P. Kevin Trautner
			
	If to EM or B&L, to:	 		 	c/o Edgen Murray II GP, LLC (in the case of EM)
		 		 	Bourland & Leverich Holdings LLC (in the case of B&L)
		 		 	520 Madison Avenue
		 		 	New York, NY 10022
		 		 	Facsimile: 212-284-1717
		 		 	Email: ndaraviras@jefferies.com
		 		 	Attention: Nicholas Daraviras
			
	with a copy (which will not constitute notice to EM or B&L) to:	 		 	 Stroock & Stroock & Lavan LLP
 180
Maiden Lane

	 	 	New York, NY 10038
	 	 	Facsimile: 212-806-6006
	 	 	E-mail: mepstein@stroock.com and bkulman@stroock.com
	 	 	Attention: Melvin Epstein and Bradley Kulman

 or to such other Persons, addresses or facsimile numbers as may be designated in writing by the Person entitled to receive
such communication as provided above. 
 (g) This Agreement constitutes the entire agreement among the parties with respect to the subject
matter of this Agreement and supersedes all other prior agreements and understandings, both written and oral, among the parties to this Agreement with respect to the subject matter of this Agreement. 

(h) This Agreement is for the sole benefit of the parties hereto and their permitted assigns and respective successors and nothing herein,
express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 

(i) If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or
unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable 

  
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such term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith
to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent
possible. 
 (j) This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors
and permitted assigns. Neither party may assign its rights or obligations hereunder without the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed; provided, however, that prior to the
Effective Time, Parent may, without the prior written consent of the Company, assign all or any portion of its rights under this Agreement to one or more of Parent’s direct or indirect wholly-owned subsidiaries. No assignment shall relieve the
assigning party of any of its obligations hereunder. 
 (k) Except as otherwise provided in this Agreement, any and all remedies expressly
conferred upon a party to this Agreement will be cumulative with, and not exclusive of, any other remedy contained in this Agreement, at Law or in equity. The exercise by a party to this Agreement of any one remedy will not preclude the exercise by
it of any other remedy. 
 (l) The parties hereto agree that irreparable damage would occur if any provision of this Agreement were not
performed in accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches or threatened breaches of this Agreement or to enforce specifically the performance of the terms and provisions
hereof in any federal court located in the State of Delaware or any Delaware state court, in addition to any other remedy to which they are entitled at Law or in equity. 

(m) This Agreement shall remain in effect unless the Merger Agreement is terminated in accordance with its terms. Upon the occurrence of the
termination of the Merger Agreement in accordance with its terms, this Agreement shall terminate and be of no further force and effect. 

(n) Following the date hereof, the parties shall take all actions reasonably necessary and execute and deliver all documents and instruments
to each other and third parties (including the Company’s stock transfer agent) reasonably requested by a party to this Agreement to give effect to the transactions contemplated hereof by Section 2 (including, without limitation, the
Exchanges and the related issuances of the Company Common Stock to EM and B&L) such that such transactions shall occur immediately prior to the Effective Time. The parties agree that the Effective Time shall not occur until such time as all of
the transactions contemplated by Section 2 have been completed. 

  
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 (o) This Agreement may be executed in any number of counterparts (including by facsimile, by
electronic mail in “portable document format” (.pdf) form, or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document), all of which will be one and the same agreement. This Agreement
will become effective when each party to this Agreement will have received counterparts signed by all of the other parties. 
 [SIGNATURE
PAGE FOLLOWS] 

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

			
	EDGEN GROUP INC.
		
	By:	 	 /s/ Daniel J. O’Leary

	Name:	 	Daniel J. O’Leary
	Title:	 	Chairman, President and Chief Executive Officer
	
	SUMITOMO CORPORATION OF AMERICA
		
	By	 	 /s/ Tsuyoshi Oikawa

	Name:	 	Tsuyoshi Oikawa
	Title:	 	Senior Vice President
	
	EDGEN MURRAY II, L.P.
		
	By:	 	Edgen Murray II GP, LLC, as its General Partner
		
	By:	 	Jefferies Capital Partners IV, L.P., as its Majority Member
		
	By:	 	JCP IV, LLC, as its General Partner
		
	By:	 	Jefferies Capital Partners LLC, as its Managing Member
		
	By:	 	 /s/ James L. Luikart

	Name:	 	James L. Luikart
	Title:	 	Managing Member

 [Signature Page for Exchange and Tax Receivable Termination Agreement] 

 
			
	BOURLAND & LEVERICH HOLDINGS LLC
		
	By:	 	Jefferies Capital Partners IV, L.P., as its Member
		
	By:	 	JCP IV, LLC, as its General Partner
		
	By:	 	Jefferies Capital Partners LLC, as its Managing Member
		
	By:	 	 /s/ James L. Luikart

	Name:	 	James L. Luikart
	Title:	 	Managing Member
	
	EDG HOLDCO LLC
		
	By:	 	Edgen Group Inc., its Managing Member
		
	By:	 	 /s/ Daniel J. O’Leary

	Name:	 	Daniel J. O’Leary
	Title:	 	Chairman, President and Chief Executive Officer

 [Signature Page for Exchange and Tax Receivable Termination Agreement]EX-10.2

 Exhibit 10.2 

Execution Version 

GUARANTEE 
 This
Guarantee, dated as of October 1, 2013 (this “Guarantee”), is made by Sumitomo Corporation, a corporation organized under the laws of Japan (the “Guarantor”) in favor of Edgen Group Inc., a Delaware corporation
(the “Company”) Edgen Murray II, L.P., a Delaware limited partnership (“EM II LP”), and Bourland & Leverich Holdings LLC, a Delaware limited liability company (“B&L Holdings” and together with EM II
LP, the “JCP Entities”). Reference is hereby made to the Agreement and Plan of Merger, dated as of the date hereof (as amended, supplemented or otherwise modified from time to time, the “Merger Agreement”), by and
among Sumitomo Corporation of America, a New York corporation (“Parent”), Lochinvar Corporation, a Delaware corporation (“Merger Sub”), and the Company. Capitalized terms used but not defined herein have the
meanings ascribed to them in the Merger Agreement. Reference is hereby further made to the Exchange and Tax Receivable Termination Agreement, dated as of the date hereof (the “Exchange and Termination Agreement”), by and among the
Company, the JCP Entities, Parent and EDG Holdco, LLC, a Delaware limited liability company. 
 1. Guarantee. To induce the Company to enter into the
Merger Agreement and the JCP Entities and the Company to enter into Exchange and Termination Agreement, the Guarantor hereby absolutely, unconditionally and irrevocably guarantees to the Company and the JCP Entities, on the terms and conditions set
forth herein, the due and punctual observance, payment and performance and discharge of (a) the obligations, covenants and agreements of Parent and Merger Sub pursuant to the Merger Agreement and the Exchange and Termination Agreement strictly
in accordance with the terms thereof and (b) all costs and expenses (including attorney’s fees and expenses) reasonably incurred by the Company in connection with the enforcement of its rights under Section 8.13 of the Merger
Agreement that results in a final, non-appealable judgment against Parent, Merger Sub or the Guarantor (collectively, the “Guaranteed Obligations”). The Company hereby agrees that in no event shall the Guarantor be required to pay
any amount to the Company under, in respect of, or in connection with this Guarantee, the Merger Agreement or the Exchange and Termination Agreement or the transactions contemplated hereby and thereby other than as expressly set forth herein or
therein. All payments hereunder shall be made in lawful money of the United States, in immediately available funds. 
 2. Nature of Guarantee. The
Company and the JCP Entities shall not be obligated to file any claim relating to the Guaranteed Obligations in the event that Parent or Merger Sub become subject to a bankruptcy, reorganization or similar proceeding, and the failure of the Company
to so file shall not affect the Guarantor’s obligations hereunder. In the event that any payment to the Company or the JCP Entities in respect of the Guaranteed Obligations is rescinded or must otherwise be returned for any reason whatsoever,
the 

 
Guarantor shall remain liable hereunder with respect to the Guaranteed Obligations as if such payment had not been made. This Guarantee is an unconditional guarantee of payment and performance
and not of collection. In furtherance of the foregoing, the Guarantor acknowledges that its liability hereunder shall extend to the full amount of the Guaranteed Obligations, and that the Company or the JCP Entities may, in their sole discretion,
bring and prosecute a separate action or actions against the Guarantor to enforce this Guarantee for such amount, regardless of whether any action is brought against Parent or Merger Sub or whether Parent or Merger Sub is joined in any such action.

 3. Changes in Obligations. 
 (a) The
Guarantor agrees that the Company and the JCP Entities may at any time and from time to time, without notice to or further consent of the Guarantor, extend the time of payment of the Guaranteed Obligations, and may also make any agreement with
Parent or Merger Sub for the extension, renewal, payment, compromise, discharge or release thereof, in whole or in part, or for any modification of the terms thereof or of any agreement between the Company, the JCP Entities and Parent or Merger Sub
or any such other Person without in any way impairing or affecting the Guarantor’s obligations under this Guarantee. 
 (b) The
Guarantor agrees that the Guaranteed Obligations hereunder shall not be released or discharged, in whole or in part, or otherwise affected by: (i) the failure or delay of the Company, subject to Section 8, to assert any claim or
demand or to enforce any right or remedy against Parent or Merger Sub or any Person interested in the transactions contemplated by the Merger Agreement; (ii) the failure or delay of the Company or the JCP Entities, subject to
Section 8, to assert any claim or demand or to enforce any right or remedy against Parent or any Person interested in the transactions contemplated by the Exchange and Termination Agreement (iii) any change in the time, place or
manner of payment of the Guaranteed Obligations; (iv) the addition, substitution or release of any Person now or hereafter liable with respect to the Guaranteed Obligations, to or from this Guarantee, the Merger Agreement, the Exchange and
Termination Agreement, or any related agreement or document; (v) any change in the corporate existence, structure or ownership of Parent or Merger Sub or any Person interested in the transactions contemplated by the Merger Agreement or Exchange
and Termination Agreement; (vi) any insolvency, bankruptcy, reorganization or other similar proceeding affecting Parent or Merger Sub or any other Person now or hereafter liable with respect to the Guaranteed Obligations; (vii) the
existence of any claim, set-off or other right which the Guarantor may have at any time against Parent, Merger Sub, the Company or the JCP Entities, whether in connection with the Obligations or otherwise; or (viii) the adequacy of any other
means the Company or the JCP Entities may have of obtaining payment of the Guaranteed Obligations. 

  
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 4. Certain Waivers. 

(a) To the fullest extent permitted by Laws, the Guarantor hereby expressly waives any and all rights or defenses arising by reason of any law
that would otherwise require any election of remedies by the Company or the JCP Entities. The Guarantor waives promptness, diligence, notice of the acceptance of this Guarantee and of the Guaranteed Obligations, presentment, demand for payment,
notice of non-performance, default, dishonor and protest, notice of the incurrence of any of the Guaranteed Obligations and all other notices of any kind (other than notices expressly required to be provided to (x) Parent or Merger Sub pursuant
to Section 8.07 of the Merger Agreement or (y) Parent pursuant to Section 4(f) of the Exchange and Termination Agreement), all defenses which may be available by virtue of any valuation, stay, moratorium law or other similar law now
or hereafter in effect, any right to require the marshalling of assets of Parent or Merger Sub or any other Person interested in the transactions contemplated by the Merger Agreement or the Exchange and Termination Agreement, and all suretyship
defenses generally (other than defenses to the payment of the Guaranteed Obligations that are available to Parent or Merger Sub under the Merger Agreement, the Exchange and Termination Agreement or a breach by the Company or the JCP Entities of the
Guarantee). The Guarantor hereby unconditionally and irrevocably agrees not to exercise any rights which it may acquire by way of subrogation under the Merger Agreement or the Exchange and Termination Agreement, by any payment made hereunder or
otherwise, until all of the Guaranteed Obligations outstanding on the date such subrogation is sought shall have been paid and/or performed in full. 

(b) The Guarantor acknowledges that it will receive substantial direct and indirect benefits from the transactions contemplated by the Merger
Agreement and the Exchange and Termination Agreement and that the waivers set forth in this Guarantee are knowingly made in contemplation of such benefits. 

5. No Waiver; Cumulative Rights. No failure on the part of the Company or the JCP Entities to exercise, and no delay in exercising, any right, remedy
or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise by the Company or the JCP Entities of any right, remedy or power hereunder preclude any other or future exercise of any right, remedy or power. Each and
every right, remedy and power hereby granted to the Company or the JCP Entities or allowed it by Applicable Law or other agreement shall be cumulative and not exclusive of any other, and may be exercised by the Company or the JCP Entities at any
time or from time to time. The Company and the JCP Entities shall not have any obligation to proceed at any time or in any manner against, or exhaust any or all of the Company’s or the JCP Entities’ rights against, Parent and/or Merger Sub
prior to proceeding against the Guarantor hereunder. The failure by the Company or the JCP Entities to pursue rights or remedies against Parent, Merger Sub or any other Person shall not relieve the Guarantor of any liability hereunder, and shall not
impair or affect the rights and remedies, whether express, implied or available as a matter of applicable Law, of the Company or the JCP Entities. 

  
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 6. Representations and Warranties. The Guarantor hereby represents and warrants that: 

(a) the Guarantor is a duly organized and validly existing company in good standing under the laws of the jurisdiction of its organization and
has all power and authority to execute, deliver and perform this Guarantee; 
 (b) the execution, delivery and performance of this Guarantee
have been duly authorized by all necessary action and do not contravene any provision of the Guarantor’s charter or similar organizational documents or any Laws binding on the Guarantor or any of its property or assets and no other proceedings
or actions on the part of the Guarantor are necessary therefor; 
 (c) all consents, approvals, authorizations, permits of, filings with and
notifications to, any Governmental Authority necessary for the due execution, delivery and performance of this Guarantee by the Guarantor have been obtained or made and all conditions thereof have been duly complied with, and no other action by, and
no notice to or filing with, any Governmental Authority is required in connection with the execution, delivery or performance of this Guarantee; 

(d) this Guarantee has been duly and validly executed and delivered by the Guarantor and constitutes a legal, valid and binding obligation of
the Guarantor, enforceable against the Guarantor in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium, and other similar laws of general applicability relating to or affecting creditors’
rights or general equity principles (regardless of whether considered at law or in equity); and 
 (e) the Guarantor has the financial
capacity to pay and perform its obligations under this Guarantee, and all funds necessary for the Guarantor to fulfill its obligations under this Guarantee shall be available to the Guarantor for so long as this Guarantee shall remain in effect in
accordance with Section 8 hereof. 
 7. Successors and Assigns. The Guarantor may not assign, delegate or otherwise transfer any of its
rights, interests or obligations hereunder to any other Person (operation of law or otherwise) without the prior written consent of the other counterparties hereto. Any purported assignment, delegation or transfer in contravention of the preceding
sentence shall be void ab initio. 
 8. Continuing Guaranty; Termination. 

(a) Unless terminated pursuant to this Section 8, this Guarantee may not be revoked or terminated and shall remain in full force
and effect and binding on the Guarantor, its successors and permitted assigns until the complete, irrevocable and indefeasible payment and satisfaction in full of the Guaranteed Obligations. 

  
 4 

 
Notwithstanding the foregoing, this Guarantee shall terminate and the Guarantor shall have no further obligations under this Guarantee as of the earliest to occur of: (i) termination of the
Merger Agreement in accordance with its terms; or (ii) the Effective Time, except in each case with respect to Parent’s and Merger Sub’s obligations under the Merger Agreement or Exchange and Termination Agreement that are in
accordance with their respective terms to survive such termination of the Merger Agreement or the Effective Time, as applicable, for which this Guarantee shall remain in full force and effect until such obligations expire pursuant to their terms.

 9. Notices. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed
to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or
e-mail of a PDF document (with confirmation of transmission); or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to the respective parties
at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 9): 
  

			
	If to the Company:	  	Edgen Group Inc.
		  	18444 Highland Road
		  	Baton Rouge, Louisiana 70809
		  	Facsimile: 225-756-7953
		  	Attention: General Counsel
		
	with a copy to:	  	Dechert LLP
		  	Cira Centre
		  	2929 Arch Street
		  	Philadelphia, Pennsylvania 19104
		  	Facsimile: 215-655-2971
		  	E-mail: carmen.romano@dechert.com
		  	           eric.siegel@dechert.com
		  	Attention: Carmen J. Romano and Eric S. Siegel
		
	If to the JCP Entities:	  	c/o Edgen Murray II GP, LLC (in the case of EM)
		  	Bourland & Leverich Holdings LLC (in the case of B&L)
		  	520 Madison Avenue
		  	New York, NY 10022
		  	Facsimile: 212-284-1717
		  	Email: ndaraviras@jefferies.com
		  	Attention: Nicholas Daraviras

  
 5 

			
		
	with a copy to:	  	Stroock & Stroock & Lavan LLP
		  	180 Maiden Lane
		  	New York, NY 10038
		  	Facsimile: 212-806-6006
		  	 E-mail: mepstein@stroock.com and

bkulman@stroock.com

		  	Attention: Melvin Epstein and Bradley Kulman
		
	If to the Guarantor:	  	Sumitomo Corporation
		  	Harumi Island Triton Square Office Tower Y
		  	8-11, Harumi 1-chome, Chuo-ku, Tokyo 104-8610
		  	Facsimile: +81-3-5166-6374
		  	Attention:
	with a copy to:	  	Sumitomo Corporation of America
		  	600 Third Avenue
		  	New York, New York 10016
		  	Facsimile: 212-207-0456
		  	Attention: Lewis E. Farberman
		
		  	Norton Rose Fulbright
		  	Fulbright Tower
		  	1301 McKinney, Suite 5100
		  	Houston, Texas 77010
		  	Facsimile: 713-651-5246
		  	E-mail: kevin.trautner@nortonrosefulbright.com
		  	Attention: P. Kevin Trautner

 10. Governing Law. This Guarantee shall be governed by and construed in accordance with the internal laws of the State
of Delaware without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of laws of any jurisdiction other than those of the State of Delaware.

 11. Submission to Jurisdiction; Venue. 

(a) Any legal action, suit or proceeding arising out of or relating to this Guarantee or the transactions contemplated hereby shall be heard
and determined exclusively in the courts of the State of Delaware, or, in the event (but only in the event) that such court does not have subject-matter jurisdiction over such action or proceeding, in the federal courts of the United States of
America located in the Delaware, and each party hereto hereby irrevocably submits to the personal jurisdiction of such courts in any such suit, action or proceeding. Service of process, summons, notice or other document by mail in accordance with
Section 9 shall be effective service of process for any suit, action or other proceeding brought in any such court. 

  
 6 

 (b) Each party hereto waives, and agrees not to assert, as a defense in any such action, suit or
proceeding, any claim that it is not subject personally to the jurisdiction of such courts, that its property is exempt or immune from attachment or execution, that the action, suit or proceeding is brought in an inconvenient forum, that the venue
of the action, suit or proceeding is improper or that this Guarantee or the transactions contemplated hereby may not be enforced in or by such courts. 

12. Waiver of Jury Trial. Each of the parties hereto acknowledges and agrees that any controversy that may arise under this Guarantee is likely to
involve complicated and difficult issues and, therefore, each such party irrevocably and unconditionally waives any right it may have to a trial by jury in respect of any legal action arising out of or relating to this Guarantee or the transactions
contemplated hereby. 
 13. Entire Agreement. This Guarantee constitutes the sole and entire agreement of the parties hereto with respect to the
subject matter hereof and supersedes all prior and contemporaneous negotiations, proposals, undertakings, understandings, agreements, representations and warranties, both written and oral, among the Guarantor or any of its Affiliates (other than the
Company), on the one hand, and the Company or any of its Affiliates (other than the Guarantor), on the other hand, with respect to such subject matter. 

14. Amendments and Waivers. No amendment or waiver of any provision of this Guarantee will be valid and binding unless it is in writing and signed, in
the case of an amendment, by the Guarantor and the Company and the JCP Entities, or in the case of a waiver, by the party against which the waiver is to be effective. No waiver by any party hereto shall operate or be construed as a waiver in respect
of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. 

15. No Third-party Beneficiaries. The parties hereto hereby agree that their respective representations, warranties and covenants as set forth herein
are solely for the benefit of the other parties hereto, in accordance with and subject to the terms of this Guarantee, and this Guarantee is not intended to, and does not, confer upon any Person other than the parties hereto any rights or remedies
hereunder, including the right to rely upon the representations and warranties set forth herein. 
 16. Severability. Any term or provision of this
Guarantee found to be invalid, illegal or unenforceable in any jurisdiction shall be, as to such jurisdiction, ineffective solely to the extent of such prohibition or unenforceability and shall not affect any other term or provision of this
Guarantee or invalidate or render unenforceable such term or provision in any other jurisdiction. 

  
 7 

 17. Headings. The descriptive headings herein are inserted for convenience of reference only and are not
intended to be part of or to affect the interpretation of this Guarantee. 
 18. Counterparts. This Guarantee may be executed in counterparts, each
of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Guarantee delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the
same legal effect as delivery of an original signed copy of this Guarantee. 
 [SIGNATURE PAGE FOLLOWS] 

  
 8 

 IN WITNESS WHEREOF, the undersigned has executed this Guarantee as of the date first written
above. 
  

			
	SUMITOMO CORPORATION
		
	By	 	 /s/ Toshikazu Nambu

	Name:	 	Toshikazu Nambu
	Title:	 	General Manager, Tubular Products Division

  

					
	Agreed to and accepted by:
	EDGEN GROUP INC.
		
	By:	 	 /s/ Daniel J. O’Leary

	Name:	 	Daniel J. O’Leary
	Title:	 	Chairman, President and Chief Executive Officer
	
	EDGEN MURRAY II, L.P.
		
	By:	 	Edgen Murray II GP, LLC, as its General Partner
		
	By:	 	Jefferies Capital Partners IV, L.P., as its Majority Member
		
	By:	 	JCP IV, LLC, as its General Partner
		
	By:	 	Jefferies Capital Partners LLC, as its Managing Member
		
	By:	 	 /s/ James L. Luikart

	Name:	 	James L. Luikart
	Title:	 	Managing Member

 [Signature Page to Guarantee] 

			
	BOURLAND & LEVERICH HOLDINGS LLC
		
	By:	 	Jefferies Capital Partners IV, L.P., as its Member
		
	By:	 	JCP IV, LLC, as its General Partner
		
	By:	 	Jefferies Capital Partners LLC, as its Managing Member
		
	By:	 	 /s/ James L. Luikart

	Name:	 	James L. Luikart
	Title:	 	Managing Member

 [Signature Page to Guarantee]

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