Document:

Waiver and Amendment No. 2 to Second Amended and Restated Receivables Purchase

 Exhibit 10.9 
 WAIVER AND AMENDMENT NO. 2 TO SECOND AMENDED AND RESTATED 
 RECEIVABLES PURCHASE AGREEMENT

 THIS WAIVER AND AMENDMENT NO. 2 TO SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT, effective as of
August 28, 2008 (this “Waiver and Amendment”), is entered into by and among DEJ 98 Finance, LLC, a Delaware limited liability company (the “Seller”), Wolverine Finance, LLC, a Tennessee limited
liability company, as initial servicer (the “Servicer”), Wolverine Tube, Inc., a Delaware corporation, as performance guarantor (the “Performance Guarantor” and, together with the Seller and the
Servicer, the “Seller Parties”), The CIT Group/Business Credit, Inc., a New York corporation (“CIT/BC”), individually and as co-agent (the “Co-Agent”), and Wachovia Bank,
National Association, individually (“Wachovia” and, together with CIT/BC, the “Purchasers”), and as agent for the Purchasers (together with its successors and assigns in such capacity, the
“Agent” and, together with the Co-Agent, the “Agents”). 
 PRELIMINARY STATEMENTS

 The Seller Parties, the Purchasers and the Agents are parties to that certain Second Amended and Restated Receivables
Purchase Agreement dated as of February 21, 2008, as heretofore amended (the “RPA”; capitalized terms used and not otherwise defined herein are used with the meanings attributed thereto in the RPA). 
 Certain events of default have occurred under the ABL Credit Agreement, as a result of which, an Amortization Event exists under
Section 9.1(f) of the RPA and a Termination Event exists under Section 5.1(d) of the U.S. Receivables Sale Agreement. In addition, an Amortization Event has occurred under Section 9.1(u) of the RPA. The Seller Parties have requested
that the Agents and the Purchasers waive such Amortization Events and Termination Event and that they agree to amend the RPA as set forth herein. The Agents and the Purchasers are willing to agree to such waiver and amendments only on the terms and
subject to the conditions hereinafter set forth. 
 NOW, THEREFORE, in consideration of the premises, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 1.
Waivers. 
 1.1. Solely with respect to the four quarters ended June 29, 2008, each of the Agents and the
Purchasers hereby waives the Amortization Events existing under Section 9.1(f) by virtue of the events of default under the ABL Credit Agreement that are waived pursuant to Amendment No. 14 to Amended and Restated Credit Agreement and
Waiver, dated as of even date herewith (and each of the parties hereby waives or consents to the waiver of the Termination Event existing under Section 5.1(d) of the U.S. Receivables Sale Agreement) and Section 9.1(u) of the RPA by virtue
of Consolidated EBITDA for the Consolidated Parties being less than US$32,000,000. 
  

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 1.2. Solely to the extent that any violation of Section 7.1(a)(i) of the RPA
occurred prior to the date of this Waiver and Amendment by virtue of the Seller’s failure to deliver its audited financials for its fiscal year ended December 31, 2007 within 120 days thereafter, any resulting Amortization Event arising
under Section 9.1(d) of the RPA prior to the date hereof is hereby waived (it being understood that nothing in this Waiver and Amendment shall be deemed to waive the requirement that the Seller deliver such audited financials by the date
specified in Section 2.1 below). 
 2. Amendments. 
 2.1. Section 7.1(a)(i) of the RPA is hereby amended to insert the following immediately prior to the period at the end thereof:

 ; provided, however, that the Seller’s audited financials for its fiscal year ended December 31, 2007 shall not be
required to be delivered until October 15, 2008 
 2.2. Section 13.1(b) of the RPA is hereby amended to insert a
period immediately prior to the proviso therein and to strike the balance of the text in such Section. 
 2.3. The definition
of each of the following terms set forth in the RPA is hereby amended and restated in its entirety to read, respectively, as follows: 
 “ABL Credit Agreement” means that certain Amended and Restated Credit Agreement, dated as of April 28, 2005, as amended or otherwise modified through and including August 28, 2008,
but without giving effect to any subsequent amendment thereto or restatement or waiver thereof unless each of the Co-Agent and the Agent hereunder in their capacities as such (and not merely in their capacities as lenders party to the ABL Credit
Agreement) consents in writing to such subsequent amendment, restatement or waiver. 
 “Bank Agent”
means Wachovia Bank, National Association, as administrative agent for the financial institutions party to the ABL Credit Agreement, and its successors and assigns in such capacity. 
 “Consolidated Net Income” has the meaning set forth in the ABL Credit Agreement. 
 “Fixed Charge Coverage Ratio” has the meaning set forth in the ABL Credit Agreement. 
 2.4. Section 9.1(s) of the RPA is hereby amended and restated in its entirety to read as follows: 
  

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 (s) Failure of the Consolidated Parties to maintain a Fixed Charge Coverage Ratio for any
applicable period of at least the applicable ratio required by Section 8.1 of the ABL Credit Agreement. 
 2.5.
Section 9.1(t) of the RPA is hereby amended and restated in its entirety to read as follows: 
 (t) The Consolidated
Parties’ Consolidated Capital Expenditures (as defined in the ABL Credit Agreement) shall exceed the limit specified in Section 8.2 of the ABL Credit Agreement. 
 2.6. Section 9.1(u) of the RPA is hereby amended and restated in its entirety to read as follows: 
 (u) Failure of the Domestic Consolidated Parties (as defined in the ABL Credit Agreement) to maintain a minimum Consolidated EBITDA for
any applicable period of at least the applicable amount required by Section 8.3 of the ABL Credit Agreement. 
 2.7. A
new Section 9.1(w) shall be added to the RPA to read as follows: 
 (w) Beginning on August 28, 2008, the
Consolidated Parties shall fail to maintain minimum Excess Liquidity (as defined in the ABL Credit Agreement) of at least the amount required by Section 8.4 of the ABL Credit Agreement. 
 3. Representations. 
 3.1. Each of the
Seller Parties represents and warrants to the Purchasers and the Agent that it has duly authorized, executed and delivered this Waiver and Amendment and that the RPA, as amended hereby, constitutes, a legal, valid and binding obligation of such
Seller Party, enforceable in accordance with its terms (except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating
to enforceability). 
 3.2. Each of the Seller Parties further represents and warrants to the Purchasers and the Agent that, after giving
effect to this Waiver and Amendment, each of its representations and warranties set forth in Section 5.1 of the RPA is true and correct as of the date hereof and that no Amortization Event or Unmatured Amortization Event exists as of the date
hereof and is continuing. 
 4. Conditions Precedent. This Waiver and Amendment shall become effective as of the date first above
written upon satisfaction of each of the following conditions: 
 (a) Receipt by the Agent of a counterpart hereof duly
executed by each of the parties hereto; 
  

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 (b) Receipt by each of the Co-Agent and the Agent of an Amendment No. 2 Fee Letter,
duly executed by each of the parties thereto, and payment of the amendment fees described therein; 
 (c) Receipt by the Agent
of a certificate of the Seller’s parent company’s secretary or assistant secretary certifying an attached copy of the resolutions of the Seller’s board of managers authorizing the execution and delivery of this Waiver and Amendment
and expressly determining that the Seller’s execution and delivery hereof is in the best interests of the Seller; and 
 (d) Receipt by Latham & Watkins LLP of payment of $12,888.02 of previously invoiced but unpaid legal fees and disbursements in connection with the Transaction Documents. 
 5. Miscellaneous. 
 5.1. Except as
expressly amended hereby, the RPA shall remain unaltered and in full force and effect, and each of the parties hereby ratifies and confirms the RPA, the Performance Undertaking and each of the other Transaction Documents to which it is a party.

 5.2. THIS WAIVER AND AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT
REFERENCE TO PRINCIPLES OF CONFLICTS OF LAW. 
 5.3. This Waiver and Amendment may be executed in any number of counterparts and by the
different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same Amendment. Delivery of any executed counterpart by facsimile
or electronic mail with an attached image of such executed counterpart shall have the same force and effect as delivery of an originally executed counterpart. 
 <Signature pages follow> 
  

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

			
	DEJ 98 FINANCE, LLC
		
	By:	 	 /s/ David A. Owen

	Name:	 	David A. Owen
	Title:	 	Member, Board of Managers
	
	WOLVERINE FINANCE, LLC
		
	By:	 	 /s/ David A. Owen

	Name:	 	David A. Owen
	Title:	 	Vice Manager and Treasurer

  

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	WOLVERINE TUBE, INC.
		
	By:	 	 /s/ David A. Owen

	Name:	 	David A. Owen
	Title:	 	Chief Financial Officer

  

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	 THE CIT GROUP/BUSINESS CREDIT, INC.,
 individually and as Co-Agent

		
	By:	 	 /s/ Alan Strauss

	Name:	 	Alan Strauss
	Title:	 	Vice President

  

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	 WACHOVIA BANK, NATIONAL ASSOCIATION,
 individually and as Agent

		
	By:	 	 /s/ Elizabeth R. Wagner

	Name:	 	Elizabeth R. Wagner
	Title:	 	Managing Director

  

 8Waiver Letter Agreement regarding the Consignment Agreement

 Exhibit 10.10 
 August 28, 2008 
 Wolverine Tube, Inc. 
 200 Clinton Avenue, Suite 1000 
 Huntsville, Alabama 35801 
 Wolverine Joining Technologies, LLC 
 235 Kilvert Street 
 Warwick, Rhode Island 02886 
 Ladies and Gentlemen: 
 Reference is hereby made to that certain CONSIGNMENT AGREEMENT (the “Consignment Agreement”), dated as of February 16, 2007,
by and between HSBC BANK USA, NATIONAL ASSOCIATION, a bank organized under the laws of the United States of America with offices at 452 Fifth Avenue, New York, New York 10018 (“HSBC”); and WOLVERINE TUBE, INC., a
Delaware corporation with its principal place of business at 200 Clinton Avenue, Suite 1000, Huntsville, Alabama 35801 (“Wolverine Tube”), and WOLVERINE JOINING TECHNOLOGIES, LLC, a Delaware limited liability company and
successor by merger to WOLVERINE JOINING TECHNOLOGIES, INC., a Delaware corporation with its principal place of business at 235 Kilvert Street, Warwick, Rhode Island 02886 (“Wolverine Joining”) (Wolverine Tube and Wolverine Joining
are hereinafter sometimes referred to individually as a “Company” and collectively as the “Companies”). All capitalized terms used herein without definition shall have the meanings assigned by the Consignment
Agreement. 
 Paragraph 7.7(a) of the Consignment Agreement provides that the Companies must comply with all provisions of the Credit
Agreement, as amended from time to time. At the request of the Companies and contingent upon receipt by the Companies of a corresponding waiver from Wachovia Bank, N.A., HSBC waives any Events of Default arising under the Consignment Agreement as a
result of (a) any Default or Event of Default (both as defined in the Credit Agreement) arising under Section 11.1(c)(i) of the Credit Agreement as a result of a violation of Section 8.3 of the Credit Agreement for the fiscal quarter
ending June 29, 2008; and (b) any Default or Event of Default (both as defined in the Credit Agreement) arising under Section 11.1(e) of the Credit Agreement as a result of the occurrence of an amortization event, termination event,
event of default or other similar event under the Permitted Securitization (as defined in the Credit Agreement) prior to the date of this waiver. 
 In addition, at the request of the Companies, HSBC waives the Event of Default (as defined in the Consignment Agreement) resulting from the failure of the Companies to deliver a copy of Wolverine Tube’s Quarterly Report on Form 10-Q
filed with the United States Securities and Exchange Commission to HSBC within sixty (60) days after June 29, 2008. 

 Wolverine Tube, Inc. 
 Wolverine Joining Technologies, LLC 
 August 28, 2008 
 Page 2 
 HSBC shall not have an obligation hereunder to forbear from legal action or the exercise of creditor remedies if, after
the date hereof, the Companies shall fail to comply with the provisions of the Consignment Agreement or any other document evidencing or securing the obligations and indebtedness of the Companies to HSBC or if there shall be in existence on the date
hereof or any date in the future any other default by the Companies in their obligations to HSBC. This waiver is made without prejudice to any and all other rights and remedies HSBC may have under applicable law or under any other document
evidencing or securing any obligation of the Companies to HSBC, except as expressly limited hereby. In addition, the foregoing waiver is strictly limited as set forth herein and shall not be construed as a precedent for any other waiver, including
without limitation, any future waiver of the provision listed herein. The absence of any specific waiver of any of the foregoing Events of Default on any prior date shall not be construed as a basis for any additional or other present or future
waiver of any provision of the Consignment Agreement or any document or instrument securing the Consignment Agreement. 
 This waiver may be
executed with one or more counterparts hereof, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 
  

			
	Very truly yours,
	
	HSBC BANK USA, NATIONAL ASSOCIATION
		
	By:	 	 /s/ John M. Regan

	Title:	 	Vice President

  

			
	Acknowledged and Agreed to:
	
	WOLVERINE TUBE, INC.
		
	By:	 	 /s/ David A. Owen

	Title:	 	Chief Financial Officer
	
	WOLVERINE JOINING TECHNOLOGIES, LLC
		
	By:	 	 /s/ David A. Owen

	Title:	 	Vice President and Treasurer

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