Document:

7th Amendment to the WPC Revolving Loan Agreement

 Exhibit 10.12(g) 
 EXECUTION COPY 
 SEVENTH AMENDMENT AND CONSENT TO AMENDED AND RESTATED 
 REVOLVING LOAN AGREEMENT 
 This Seventh
Amendment and Consent to Amended and Restated Revolving Loan Agreement (this “Amendment”) is entered into as of January 31, 2008 by and among Wheeling-Pittsburgh Steel Corporation, a Delaware corporation (“Borrower”),
Wheeling-Pittsburgh Corporation, a Delaware corporation (“Holdings”), General Electric Capital Corporation, as administrative agent (“Administrative Agent”) for the Lenders (this and all other capitalized terms not defined herein
shall have the meanings set forth in the “Loan Agreement” as defined below), and the other Lenders signatory hereto. 
 RECITALS

 WHEREAS, Borrower, Holdings, Administrative Agent, Lenders and certain other parties thereto have entered into an Amended and Restated
Revolving Loan Agreement dated as of July 8, 2005 (as heretofore or hereafter amended, modified, supplemented or restated, the “Loan Agreement”); 
 WHEREAS, Borrower desires, and the Lenders and Administrative Agent are willing, to amend the Loan Agreement and consent to the Wheeling-Nisshin Sale (as hereinafter defined), upon and subject to the conditions set
forth in this Amendment; and 
 WHEREAS, this Amendment shall constitute a Loan Document and these Recitals shall be construed as part of
this Amendment. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the
parties hereto hereby agree as follows: 
 1. Amendments to the Loan Agreement. 
 (a) Section 1.5 of the Loan Agreement is hereby amended by inserting the following text at the conclusion of clause (a) thereof
to read as follows: 
 “Notwithstanding anything to the contrary in this Section 1.5(a), effective as of the
Seventh Amendment Effective Date, the Applicable Margins shall be as follows (without adjustment based on any of the foregoing grids): 
  

			
	Applicable Index Margin	  	1.25%
		
	Applicable LIBOR Margin	  	2.50%
		
	Applicable L/C Margin	  	2.50%
		
	Applicable Unused Line Fee Margin	  	0.50%

 (b) Section 1.18 of the Loan Agreement is hereby amended and restated in its
entirety to read as follows: 
 “1.18 Availability Reserve. The parties hereto agree that in addition to any
other Reserves established pursuant to this Agreement, if, on or prior to January 31, 2008, the maturity date of the Term Loan Obligations pursuant to the Term Loan Agreement has not been extended to or beyond June 1, 2008 (the
“Term Loan Extension”), the Inventory and Receivables Security Agent shall establish: (i) on March 1, 2008, a Reserve on Borrowing Availability equal to fifty percent (50%) of the Term Loan Obligations outstanding on
such date and (ii) beginning April 1, 2008, a monthly Reserve equal to 1/6 of the Term Loan Obligations outstanding on such date less the Reserve established in clause (i) hereof, for the immediately succeeding six (6) month
period.” 
 (c) Annex A to the Loan Agreement is hereby amended by deleting clause (a) of the definition of
“Commitment Termination Date” therein in its entirety and substituting therefor the following: 
 “(a)
February 29, 2008,” 
 (d) Annex A to the Loan Agreement is hereby amended by inserting the following definitions in
alphabetical order therein: 
 “Seventh Amendment” means that certain Seventh Amendment to Amended and
Restated Revolving Loan Agreement dated as of January 31, 2008 by and among Borrower, Holdings, Administrative Agent and the Lenders. 
 “Seventh Amendment Effective Date” has the meaning ascribed to it in the Seventh Amendment. 
 (e) Annex G to the Loan Agreement is hereby amended by deleting the proviso located at the conclusion of clause (a)(ii) therein and substituting therefor the following: 
 “; provided further, that solely for purposes of the calculation of the Borrowing Availability in this clause (ii), for the
period beginning on February 1, 2008 and ending on February 29, 2008, the Maximum Amount shall be decreased from $260,000,000 to $255,000,000.” 
 2. Cash Management. Notwithstanding anything to the contrary in Annex C to the Loan Agreement or in any other Loan Document, the parties hereto agree that Administrative Agent shall deliver on or prior to
February 1, 2008 an Activation Notice to any or all of the banks party to a tri-party blocked account control agreement (collectively, the “Control Agreements”) with Administrative Agent and the applicable Credit Party party
thereto, as 

  

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Administrative Agent may elect in its sole discretion, instructing each such bank to (i) begin forwarding through daily sweeps all amounts received in
the deposit accounts governed by each such Control Agreement into a deposit account held by Administrative Agent and (ii) comply only with instructions delivered by Administrative Agent and not the Credit Party party thereto. 
 3. Consent. Notwithstanding anything to the contrary in Section 6.5 of the Loan Agreement, Administrative Agent and Lenders hereby consent to
the sale by Borrower of its equity interest in Wheeling-Nisshin, Inc., a Delaware corporation (“Wheeling-Nisshin”) to an unaffiliated third-party buyer for total cash consideration of not less than the amount separately disclosed by
the Borrower to Administrative Agent and the Lenders on the date hereof as the anticipated amount of such consideration (or such lesser amount of such consideration which, together with the proposed financing described in the commitment letters
referred to in Section 6(b)(ii) below, Administrative Agent reasonably determines is sufficient to consummate the refinancing and restructuring transactions described in Sections 6(b)(ii) and (iii) below), and otherwise on terms and
conditions reasonably satisfactory to Administrative Agent (the “Wheeling-Nisshin Sale”). 
 4. Representations and
Warranties of Borrower. 
 (a) The Recitals in this Amendment are true and correct in all respects. 
 (b) All representations and warranties of the Credit Parties in the Loan Agreement and in the other Loan Documents to which it is a party
are incorporated herein in full by this reference and are true and correct in all material respects as of the date hereof, except to the extent that any such representation or warranty expressly relates to an earlier date. 
 (c) After giving effect to this Amendment, no Default or Event of Default has occurred and is continuing. 
 (d) Borrower has the power, and has been duly authorized by all requisite action, to execute and deliver this Amendment and the other
documents and agreements executed and delivered in connection herewith to which it is a party. This Amendment has been duly executed by Borrower and the other documents and agreements executed and delivered in connection herewith to which Borrower
is a party have been duly executed and delivered by it. 
 (e) This Amendment is the legal, valid and binding obligation of
Borrower and the other documents and agreements executed or delivered in connection herewith to which any of the other Credit Parties is a party are the legal, valid and binding obligations of the other Credit Parties, in each case enforceable
against each of the other Credit Parties in accordance with their respective terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium, or similar law affecting creditors’ rights
generally. 
  

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 (f) The execution, delivery and performance of this Amendment and the other documents and
agreements executed and delivered in connection herewith do not and will not (i) violate any law, rule, regulation or court order to which any of the Credit Parties is subject; (ii) conflict with or result in a breach of the certificate of
formation or incorporation, bylaws, limited liability company agreement or other organizational documents of any of the Credit Parties or any other agreement or instrument to which it is party or by which the properties of any of the Credit Parties
is bound; or (iii) result in the creation or imposition of any Lien on any property of any of the Credit Parties, whether now owned or hereafter acquired, other than Liens in favor of Administrative Agent. 
 (g) No consent or authorization of, filing with or other act by or in respect of any Governmental Authority or any other Person is
required in connection with the execution, delivery or performance by each of the Credit Parties, or the validity or enforceability, of this Amendment or the other documents or agreements executed or delivered in connection herewith to which any of
the Credit Parties is a party, or the consummation of the transactions contemplated hereby or thereby, or the continuing operations of any of the Credit Parties following the consummation of such transactions, except as otherwise expressly
contemplated by this Amendment. 
 5. Conditions Precedent to Effectiveness. This Amendment shall be effective on the date (the
“Seventh Amendment Effective Date”) when each of the following conditions shall have been satisfied in the sole discretion of Administrative Agent: 
 (i) Each of the Credit Parties and the Lenders shall have delivered to Administrative Agent executed counterparts of this Amendment;

 (ii) Delivery to Administrative Agent, for the benefit of each Lender, a fee in an amount equal to 0.10% multiplied by each
such Lender’s Revolving Loan Commitment; 
 (iii) Delivery to Administrative Agent and each Lender of a financial plan
calculating the Borrowing Availability projections weekly for February 2008, in form and substance satisfactory to Administrative Agent; and 
 (iv) Delivery to Administrative Agent of such additional agreements, documents or instruments, if any, as Administrative Agent may reasonably request. 
  

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 6. Additional Conditions. Each of the parties hereto agrees that either: 
 (a) On or prior to January 31, 2008, Administrative Agent and the Lenders shall have received from Borrower a fully executed
amendment to the Term Loan Agreement pursuant to which the current maturity date of April 1, 2008 thereunder shall have been extended by at least 60 days; 
 or 
 (b) On or
prior to February 15, 2008, 
 (i) Borrower, at Borrower’s sole expense, shall hire an independent, non-affiliated
financial advisor acceptable to Administrative Agent. Borrower shall cooperate fully with such advisor and shall authorize such advisor to provide such information and reports from time to time with respect to Borrower and the Guarantors and their
financial conditions, assets, liabilities and prospects, as Administrative Agent and the Lenders shall from time to time reasonably request; 
 (ii) Borrower shall deliver to Administrative Agent and the Lenders fully executed and binding commitment letters addressed to Borrower (or an Affiliate thereof) from financial institutions or other lenders reasonably
acceptable to Administrative Agent, for the financing of a term loan facility and a revolving loan facility to Borrower (or such Affiliate), on terms and conditions reasonably satisfactory to Administrative Agent (such terms to include, without
limitation, the payment in full of the Obligations and the obligations under the Term Loan Agreement); 
 (iii) Borrower shall
deliver to Administrative Agent and the Lenders documents evidencing the consent of (A) an amount of holders of the outstanding principal amount of the Series A Notes required to effect the financial restructuring of the Series A Notes and
Series A Indenture and (B) an amount of holders of the outstanding principal amount of the Series B Notes required to effect the financial restructuring of the Series B Notes and Series B Indenture, in each case on terms and conditions
satisfactory to Administrative Agent; and 
 (iv) Borrower shall deliver to Administrative Agent and the Lenders a fully
executed definitive purchase agreement governing the Wheeling-Nisshin Sale, on terms and conditions reasonably satisfactory to Administrative Agent. The Borrower hereby agrees that if the closing of the Wheeling-Nisshin Sale pursuant to such
purchase agreement occurs prior to the refinancing of the Term Loans pursuant to the refinancing commitments referred to in clause (ii) above, the Net Cash Proceeds (as defined in the Term Loan Agreement) from such sale shall be applied to
prepay the Term Loans as provided in Section 2.06(b) of the Term Loan Agreement. 
  

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 The failure of Borrower to comply with either clause (a) or clause (b) of this
Section 6, within the time frames set forth above, shall result in an immediate Event of Default. 
 7. Successors and
Assigns. This Amendment shall inure to the benefit of and be binding upon the successors and permitted assigns of the Lenders and Administrative Agent and shall be binding upon the successors and assigns of Borrower. 
 8. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which
taken together shall be one and the same instrument. 
 9. Headings. The paragraph headings used in this Amendment are for convenience
only and shall not affect the interpretation of any of the provisions hereof. 
 10. APPLICABLE LAW. THIS AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS SET FORTH IN THE LOAN AGREEMENT, OR, IF NO JURISDICTION IS SET FORTH THEREIN, BY THE INTERNAL LAWS (AS OPPOSED TO CONFLICT OF LAWS PROVISIONS) OF THE STATE OF NEW YORK. 

11. Release of Claims. Each of Borrower and the other Credit Parties hereby releases, remises, acquits and forever discharges each Lender, each
Agent and the Issuing Bank (including any Person which is resigning or assuming such respective capacity) and each of their respective employees, agents, representatives, consultants, attorneys, officers, directors, partners, fiduciaries,
predecessors, successors and assigns, subsidiary corporations, parent corporations and related corporate divisions (collectively, the “Released Parties”), from any and all actions, causes of action, judgments, executions, suits, debts,
claims, demands, liabilities, obligations, damages and expenses of any and every character, known or unknown, direct or indirect, at law or in equity, of whatever nature or kind, whether heretofore or hereafter arising, for or because of any manner
of things done, omitted or suffered to be done by any of the Released Parties prior to and including the date of execution hereof, and in any way directly or indirectly arising out of any or in any way connected to this Amendment or the other Loan
Documents (collectively, the “Released Matters”). Borrower and each other Credit Party each hereby acknowledges that the agreements in this Section 11 are intended to be in full satisfaction of all or any alleged injuries or
damages arising in connection with the Released Matters. Borrower and each other Credit Party each hereby represents and warrants to each Lender, each Agent and the L/C Issuer (including any Person which is resigning or assuming such respective
capacity) that it has not purported to transfer, assign or otherwise convey any right, title or interest of such Borrower or any other Credit Party in any Released Matter to any other Person and that the foregoing constitutes a full and complete
release of all Released Matters. 
 EACH OF BORROWER AND EACH OTHER CREDIT PARTY AGREES TO ASSUME THE RISK OF ANY AND ALL UNKNOWN,
UNANTICIPATED OR MISUNDERSTOOD DEFENSES, CLAIMS, CONTRACTS, LIABILITIES, INDEBTEDNESS AND OBLIGATIONS WHICH ARE RELEASED, WAIVED AND DISCHARGED BY THIS 

  

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AMENDMENT. EACH OF BORROWER AND EACH OTHER CREDIT PARTY HEREBY WAIVES AND RELINQUISHES ALL RIGHTS AND BENEFITS WHICH IT MIGHT OTHERWISE HAVE UNDER ANY CIVIL
CODE OR ANY SIMILAR LAW, TO THE EXTENT SUCH LAW MAY BE APPLICABLE, WITH REGARD TO THE RELEASE OF SUCH UNKNOWN, UNANTICIPATED OR MISUNDERSTOOD DEFENSES, CLAIMS, CONTRACTS, LIABILITIES, INDEBTEDNESS AND OBLIGATIONS. TO THE EXTENT THAT SUCH LAWS MAY BE
APPLICABLE, EACH OF BORROWER AND EACH OTHER CREDIT PARTY WAIVES AND RELEASES ANY RIGHT OR DEFENSE WHICH IT MIGHT OTHERWISE HAVE UNDER ANY OTHER LAW OR ANY APPLICABLE JURISDICTION WHICH MIGHT LIMIT OR RESTRICT THE EFFECTIVENESS OR SCOPE OF ANY OF
THEIR WAIVERS OR RELEASES HEREUNDER. 
 [Signature page follows] 
  

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

					
	GENERAL ELECTRIC CAPITAL CORPORATION, individually and as Administrative Agent
		
	By:	 	 /s/ Matthew N. McAlpine

	Name:	 	Matthew N. McAlpine
	Title:	 	Duly Authorized Signatory

  

 Signature Page to Seventh Amendment 

					
	WHEELING-PITTSBURGH CORPORATION
		
	By:	 	 /s/ Paul J. Mooney

	Name:	 	Paul J. Mooney
	Title:	 	EVP and CFO

  

					
	WHEELING-PITTSBURGH STEEL CORPORATION, as Borrower
		
	By:	 	 /s/ Paul J. Mooney

	Name:	 	Paul J. Mooney
	Title:	 	EVP and CFO

  

 Signature Page to Seventh Amendment 

			
	THE CIT GROUP/BUSINESS CREDIT, INC., as a Lender
		
	By:	 	 /s/ Eustachio Bruno

	Name:	 	Eustachio Bruno
	Title:	 	Vice President

  

 Signature Page to Seventh Amendment 

			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Edmundo Kahn

	Name:	 	Edmundo Kahn
	Title:	 	Vice President

  

 Signature Page to Seventh Amendment 

			
	WACHOVIA BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Marc J. Breier

	Name:	 	Marc J. Breier
	Title:	 	Director

  

 Signature Page to Seventh Amendment 

			
	JPMORGAN CHASE BANK, NA, as a Lender
		
	By:	 	 /s/ David A. Lehner

	Name:	 	David A. Lehner
	Title:	 	Vice President

  

 Signature Page to Seventh Amendment 

			
	UBS LOAN FINANCE LLC, as a Lender
		
	By:	 	 /s/ Richard L. Tavrow

	Name:	 	Richard L. Tavrow
	Title:	 	Director
		
	By:	 	 /s/ Mary E. Evans

	Name:	 	Mary E. Evans
	Title:	 	Associate Director

  

 Signature Page to Seventh Amendment 

 Acknowledgement of Seventh Amendment 
 Each of the undersigned (i) acknowledges receipt of a copy of the Seventh Amendment and Consent to Amended and Restated Revolving Loan Agreement
dated as of January 31, 2008 (the “Amendment”; capitalized terms used herein shall, unless otherwise defined herein, have the meanings provided in the Amendment), by and among Borrower, the Lenders party thereto and Administrative
Agent, (ii) consents to such Amendment and each of the transactions referenced in the Amendment and (iii) hereby acknowledges and agrees, in its respective capacities as debtor, obligor, grantor, mortgagor, pledgor, guarantor, surety,
indemnitor, assignor and each other similar capacity, if any, in which any such entity or person has previously granted Liens on all or any part of its real, personal or intellectual property pursuant to the Loan Agreement or any other Loan Document
or has guaranteed the repayment of the liabilities pursuant to any of the foregoing agreements, that all of such Liens and repayment obligations remain and shall continue in full force and effect and each of which is hereby ratified, confirmed and
reaffirmed in all respects. 

			
	WHEELING-PITTSBURGH CORPORATION
		
	By:	 	 /s/ Paul J. Mooney

	Name:	 	Paul J. Mooney
	Title:	 	EVP and CFO

  

			
	WP STEEL VENTURE CORPORATION
		
	By:	 	 /s/ Paul J. Mooney

	Name:	 	Paul J. Mooney
	Title:	 	Vice President and Treasurer

  

			
	ESMARK INCORPORATED
		
	By:	 	 /s/ Paul J. Mooney

	Name:	 	Paul J. Mooney
	Title:	 	EVP and CFOWaiver to the WPC Revolving Loan Agreement

 Exhibit 10.12(h) 
 EXECUTION COPY 
 WAIVER TO AMENDED AND RESTATED 
 REVOLVING LOAN AGREEMENT 
 This Waiver
to Amended and Restated Revolving Loan Agreement (this “Waiver”) is entered into as of February 15, 2008 by and among Wheeling-Pittsburgh Steel Corporation, a Delaware corporation (“Borrower”), Wheeling-Pittsburgh
Corporation, a Delaware corporation (“Holdings”), General Electric Capital Corporation, as administrative agent (“Administrative Agent”) for the Lenders (this and all other capitalized terms not defined herein shall have the
meanings set forth in the “Loan Agreement” as defined below), and the other Lenders signatory hereto. 
 RECITALS 
 WHEREAS, Borrower, Holdings, Administrative Agent, Lenders and certain other parties thereto have entered into an Amended and Restated Revolving Loan
Agreement dated as of July 8, 2005 (as heretofore or hereafter amended, modified, supplemented or restated, the “Loan Agreement”); 
 WHEREAS, Borrower desires, and the Lenders and Administrative Agent are willing, to waive certain post-amendment obligations pursuant to that certain Seventh Amendment to Amended and Restated Revolving Loan Agreement dated as of
January 31, 2008 by and among Borrower, Holdings, Administrative Agent and the Lenders (the “Seventh Amendment”), upon and subject to the conditions set forth in this Waiver; and 
 WHEREAS, this Waiver shall constitute a Loan Document and these Recitals shall be construed as part of this Waiver. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the parties hereto hereby agree as
follows: 
 1. Waiver. Administrative Agent and Lenders hereby expressly waive the post-amendment obligations of Borrower required
pursuant to Section 5 of the Seventh Amendment. Such waiver is only applicable and shall only be effective in the specific instances and for the specific purposes for which made or given. 
 2. Representations and Warranties of Borrower. 
 (a) The Recitals in this Waiver are true and correct in all respects. 
 (b) All
representations and warranties of the Credit Parties in the Loan Agreement and in the other Loan Documents to which it is a party are incorporated herein in full by this reference and are true and correct in all material respects as of the date
hereof, except to the extent that any such representation or warranty expressly relates to an earlier date. 

 (c) After giving effect to this Waiver, no Default or Event of Default has occurred and
is continuing. 
 (d) Borrower has the power, and has been duly authorized by all requisite action, to execute and deliver
this Waiver and the other documents and agreements executed and delivered in connection herewith to which it is a party. This Waiver has been duly executed by Borrower and the other documents and agreements executed and delivered in connection
herewith to which Borrower is a party have been duly executed and delivered by it. 
 (e) This Waiver is the legal, valid and
binding obligation of Borrower and the other documents and agreements executed or delivered in connection herewith to which any of the other Credit Parties is a party are the legal, valid and binding obligations of the other Credit Parties, in each
case enforceable against each of the other Credit Parties in accordance with their respective terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium, or similar law affecting
creditors’ rights generally. 
 (f) The execution, delivery and performance of this Waiver and the other documents and
agreements executed and delivered in connection herewith do not and will not (i) violate any law, rule, regulation or court order to which any of the Credit Parties is subject; (ii) conflict with or result in a breach of the certificate of
formation or incorporation, bylaws, limited liability company agreement or other organizational documents of any of the Credit Parties or any other agreement or instrument to which it is party or by which the properties of any of the Credit Parties
is bound; or (iii) result in the creation or imposition of any Lien on any property of any of the Credit Parties, whether now owned or hereafter acquired. 
 (g) No consent or authorization of, filing with or other act by or in respect of any Governmental Waiver or any other Person is required
in connection with the execution, delivery or performance by each of the Credit Parties, or the validity or enforceability, of this Waiver or the other documents or agreements executed or delivered in connection herewith to which any of the Credit
Parties is a party, or the consummation of the transactions contemplated hereby or thereby, or the continuing operations of any of the Credit Parties following the consummation of such transactions, except as otherwise expressly contemplated by this
Waiver. 
 3. Conditions Precedent to Effectiveness. This Waiver shall be effective on the date (the “Waiver Date”) when
each of the following conditions shall have been satisfied in the sole discretion of Administrative Agent: 
 (i) Each of the
Credit Parties and the Requisite Lenders shall have delivered to Administrative Agent executed counterparts of this Waiver; 
  

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 (ii) Delivery to Administrative Agent, for the benefit of each Lender that executes this
Waiver on or prior to the Waiver Date, a fee in an amount equal to 0.05% multiplied by each such Lender’s Revolving Loan Commitment; and 
 (iii) Delivery to Administrative Agent of such additional agreements, documents or instruments, if any, as Administrative Agent may reasonably request. 
 4. Successors and Assigns. This Waiver shall inure to the benefit of and be binding upon the successors and permitted assigns of the Lenders and
Administrative Agent and shall be binding upon the successors and assigns of Borrower. 
 5. Counterparts. This Waiver may be executed
in one or more counterparts, each of which shall be deemed to be an original, but all of which taken together shall be one and the same instrument. 
 6. Headings. The paragraph headings used in this Waiver are for convenience only and shall not affect the interpretation of any of the provisions hereof. 
 7. APPLICABLE LAW. THIS WAIVER SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS SET FORTH IN THE LOAN AGREEMENT, OR, IF NO JURISDICTION IS SET FORTH THEREIN, BY THE INTERNAL
LAWS (AS OPPOSED TO CONFLICT OF LAWS PROVISIONS) OF THE STATE OF NEW YORK. 
 8. Release of Claims. Each of Borrower and the other
Credit Parties hereby releases, remises, acquits and forever discharges each Lender, each Agent and the Issuing Bank (including any Person which is resigning or assuming such respective capacity) and each of their respective employees, agents,
representatives, consultants, attorneys, officers, directors, partners, fiduciaries, predecessors, successors and assigns, subsidiary corporations, parent corporations and related corporate divisions (collectively, the “Released Parties”),
from any and all actions, causes of action, judgments, executions, suits, debts, claims, demands, liabilities, obligations, damages and expenses of any and every character, known or unknown, direct or indirect, at law or in equity, of whatever
nature or kind, whether heretofore or hereafter arising, for or because of any manner of things done, omitted or suffered to be done by any of the Released Parties prior to and including the date of execution hereof, and in any way directly or
indirectly arising out of any or in any way connected to this Waiver or the other Loan Documents (collectively, the “Released Matters”). Borrower and each other Credit Party each hereby acknowledges that the agreements in this
Section 8 are intended to be in full satisfaction of all or any alleged injuries or damages arising in connection with the Released Matters. Borrower and each other Credit Party each hereby represents and warrants to each Lender, each
Agent and the L/C Issuer (including any Person which is resigning or assuming such respective capacity) that it has not purported to transfer, assign or otherwise convey any right, title or interest of such Borrower or any other Credit Party in any
Released Matter to any other Person and that the foregoing constitutes a full and complete release of all Released Matters. 
  

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 EACH OF BORROWER AND EACH OTHER CREDIT PARTY AGREES TO ASSUME THE RISK OF ANY AND ALL UNKNOWN,
UNANTICIPATED OR MISUNDERSTOOD DEFENSES, CLAIMS, CONTRACTS, LIABILITIES, INDEBTEDNESS AND OBLIGATIONS WHICH ARE RELEASED, WAIVED AND DISCHARGED BY THIS WAIVER. EACH OF BORROWER AND EACH OTHER CREDIT PARTY HEREBY WAIVES AND RELINQUISHES ALL RIGHTS
AND BENEFITS WHICH IT MIGHT OTHERWISE HAVE UNDER ANY CIVIL CODE OR ANY SIMILAR LAW, TO THE EXTENT SUCH LAW MAY BE APPLICABLE, WITH REGARD TO THE RELEASE OF SUCH UNKNOWN, UNANTICIPATED OR MISUNDERSTOOD DEFENSES, CLAIMS, CONTRACTS, LIABILITIES,
INDEBTEDNESS AND OBLIGATIONS. TO THE EXTENT THAT SUCH LAWS MAY BE APPLICABLE, EACH OF BORROWER AND EACH OTHER CREDIT PARTY WAIVES AND RELEASES ANY RIGHT OR DEFENSE WHICH IT MIGHT OTHERWISE HAVE UNDER ANY OTHER LAW OR ANY APPLICABLE JURISDICTION
WHICH MIGHT LIMIT OR RESTRICT THE EFFECTIVENESS OR SCOPE OF ANY OF THEIR WAIVERS OR RELEASES HEREUNDER. 
 [Signature page follows]

  

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 IN WITNESS WHEREOF, the parties hereto have caused this Waiver to be executed as of the date first
written above. 
  

			
	GENERAL ELECTRIC CAPITAL CORPORATION, individually and as Administrative Agent
		
	By:	 	 /s/ Matthew N. McAlpine

	Name:	 	Matthew N. McAlpine
	Title:	 	Duly Authorized Signatory

 Signature Page to Waiver 

			
	WHEELING-PITTSBURGH CORPORATION
		
	By:	 	 /s/ Michael P. DiClemente

	Name:	 	Michael P. DiClemente
	Title:	 	Vice President and Treasurer
	
	WHEELING-PITTSBURGH STEEL CORPORATION, as Borrower
		
	By:	 	 /s/ Michael P. DiClemente

	Name:	 	Michael P. DiClemente
	Title:	 	Vice President and Treasurer

 Signature Page to Waiver 

			
	THE CIT GROUP/BUSINESS CREDIT, INC., as a Lender
		
	By:	 	 /s/ Eustachio Bruno

	Name:	 	Eustachio Bruno
	Title:	 	Vice President

 Signature Page to Waiver 

			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Edmundo Kahn

	Name:	 	Edmundo Kahn
	Title:	 	Vice-President

 Signature Page to Waiver 

			
	WACHOVIA BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Constantine Krikos

	Name:	 	Constantine Krikos
	Title:	 	Vice President

 Signature Page to Waiver 

			
	JPMORGAN CHASE BANK, NA, as a Lender
		
	By:	 	 /s/ David Lehner

	Name:	 	David Lehner
	Title:	 	Vice President

 Signature Page to Waiver 

			
	UBS LOAN FINANCE LLC, as a Lender
		
	By:	 	 /s/ Mary E. Evans

	Name:	 	Mary E. Evans
	Title:	 	Associate Director
		
	By:	 	 /s/ Irja R. Otsa

	Name:	 	Irja R. Otsa
	Title:	 	Associate Director

 Signature Page to Waiver 

 Acknowledgement of Waiver 
 Each of the undersigned (i) acknowledges receipt of a copy of the Waiver to Amended and Restated Revolving Loan Agreement dated as of
February 15, 2008 (the “Waiver”; capitalized terms used herein shall, unless otherwise defined herein, have the meanings provided in the Waiver), by and among Borrower, the Lenders party thereto and Administrative Agent,
(ii) consents to such Waiver and each of the transactions referenced in the Waiver and (iii) hereby acknowledges and agrees, in its respective capacities as debtor, obligor, grantor, mortgagor, pledgor, guarantor, surety, indemnitor,
assignor and each other similar capacity, if any, in which any such entity or person has previously granted Liens on all or any part of its real, personal or intellectual property pursuant to the Loan Agreement or any other Loan Document or has
guaranteed the repayment of the liabilities pursuant to any of the foregoing agreements, that all of such Liens and repayment obligations remain and shall continue in full force and effect and each of which is hereby ratified, confirmed and
reaffirmed in all respects. 

			
	WHEELING-PITTSBURGH CORPORATION
		
	By:	 	 /s/ Michael P. DiClemente

	Name:	 	Michael P. DiClemente
	Title:	 	Vice President and Treasurer
	
	WP STEEL VENTURE CORPORATION
		
	By:	 	 /s/ Paul J. Mooney

	Name:	 	Paul J. Mooney
	Title:	 	Vice President and Treasurer
	
	ESMARK INCORPORATED
		
	By:	 	 /s/ Michael P. DiClemente

	Name:	 	Michael P. DiClemente
	Title:	 	Vice President and Treasurer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]