Document:

Specified Canadian Receivables Sale Agreement

 Exhibit 10.4 
 SPECIFIED CANADIAN RECEIVABLES SALE AGREEMENT 
 THIS SPECIFIED CANADIAN RECEIVABLES SALE
AGREEMENT (this “Agreement”), dated as of May 25, 2008 (the “Effective Date”), is by and between DEJ 98 FINANCE, LLC, a Delaware limited liability company (“SPE”),
and WOLVERINE TUBE, INC., a Delaware corporation (“Wolverine”). 
 PRELIMINARY STATEMENT 
 SPE wishes to sell, transfer and assign to Wolverine the trade accounts receivable listed on Exhibit A hereto which were acquired by SPE
from Wolverine Tube (Canada) Inc. (the “Specified Receivables”), and Wolverine wishes to purchase the Specified Receivables from SPE on the terms and subject to the conditions hereinafter set forth. 
 NOW, THEREFORE, the parties hereto hereby agree as follows: 
 1. Sale and Assignment. 
 (a) Subject to the terms and conditions of this Agreement and effective as
of the Effective Date, SPE does hereby sell, assign, transfer and convey, without recourse, representation or warranty (except as specifically set forth in Section 4 hereof), and Wolverine does hereby purchase and accept the assignment
and transfer from SPE, of all of SPE’s right, title and interest in and to the Specified Receivables and all proceeds thereof. In consideration for such transfer and assignment, Wolverine shall pay to SPE on the Effective Date, CDN$2,500,000.00
(collectively, the “Purchase Price”). 
 (b) Wolverine hereby agrees that it shall have no recourse against SPE with
respect to the Specified Receivables or any portion thereof (except for recourse against SPE for a breach of representation and warranty by SPE pursuant to Section 4 hereof). 
 (c) At or before 5:00 p.m. (Toronto time) on the Effective Date, Wolverine shall pay to SPE the Purchase Price in immediately available funds.

 2. Effectiveness of this Agreement. This Agreement shall be effective as of the Effective Date upon the satisfaction of all of the
following conditions precedent: 
 (a) One or more counterparts of this Agreement shall have been executed and delivered by
Wolverine and SPE; 
 (b) Each of the representations and warranties of SPE in Section 4 hereof shall be true and
correct; and 
 (c) SPE shall have received payment of the Purchase Price from Wolverine in accordance with
Section 1 above. 
 3. Further Assurances, Etc. At Wolverine’s expense, SPE hereby agrees to duly authorize and
deliver such Uniform Commercial Code financing statements, applicable Canadian provincial security registration statements and such other documents and to do such 

 
further acts and things, as Wolverine may reasonably request from time to time in order to more fully effectuate the transactions contemplated by this
Agreement. 
 4. Representations and Warranties. 
 (a) SPE represents and warrants that it has the full limited liability company power and authority to execute and deliver this Agreement and to perform its obligations hereunder and that this Agreement has been duly
and validly executed and delivered by it (and assuming the due and valid execution and delivery hereof by Wolverine) constitutes a legal, valid and binding obligation of SPE enforceable against it in accordance with its terms, except as the
enforceability hereof may be limited by bankruptcy, insolvency, reorganization or other similar laws of general application relating to or affecting the enforcement of creditors’ rights or by general principles of equity. 
 (b) SPE hereby represents and warrants that it is transferring its right, title and interest in and to the Specified Receivables and the proceeds thereof
free and clear of any lien, security interest or other adverse claim created or granted by it. Except as set forth in the immediately preceding sentence, SPE makes no representation or warranty or assumes any responsibility with respect to the
Specified Receivables. 
 5. Parties’ Intent. It is the express intent and understanding of the parties hereto that this
Agreement shall vest in Wolverine all right, title and interest of SPE in and to the Specified Receivables and the proceeds thereof and that this Agreement shall constitute a valid sale of the Specified Receivables and the proceeds thereof by SPE to
Wolverine, enforceable against all of SPE’s creditors and purchasers, free and clear of all liens, security interests or other adverse claims created by SPE; provided, however, that the foregoing language in this
Section 5 shall in no way be deemed to be a representation or warranty as to such by SPE, it being understood that the only representations and warranties of SPE are contained in Section 4 hereof. 
 6. Governing Law. THIS AGREEMENT SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE
PRINCIPLES OF CONFLICTS OF LAWS THEREOF OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW. 
 7. Miscellaneous. This Agreement
may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Agreement by signing any such counterpart. Delivery of an executed counterpart of a signature
page of this Agreement by facsimile shall be effective as delivery of a manually executed counterpart of this Agreement. 
 [Signature Pages
follow] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Specified Canadian Receivables Sale
Agreement to be executed by their respective duly authorized representatives. 
  

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

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

	Name:	 	David A. Owen
	Title:	 	Chief Financial Officer

  

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 EXHIBIT A 
 SPECIFIED RECEIVABLES 
  

											
	 	  	 	  	 	  	INVOICE AMOUNT
	 CUSTOMER
	  	CCN	  	INVOICE #	  	CDN $	  	US $
	 Alliance International
	  	2502	  	CD 674973	  	$	272.34	  		
	 St. Jacobs, ON
	  		  	CL 689125	  	 	23,039.48	  		
		  		  	CL 690067	  	 	343.93	  		
		  		  	CL 690082	  	 	174,737.93	  		
		  		  	CL 690408	  	 	63,390.60	  		
					
	 TOTAL
	  		  		  	$	261,784.28	  		
					
	 Cello Products Inc.
	  	1069	  	LO 690505	  	 	54,029.80	  		
	 Cambridge, ON
	  		  	LO 690506	  	 	16,070.15	  		
		  		  	LO 690507	  	 	54,763.59	  		
					
	 TOTAL
	  		  		  	$	124,863.54	  		
					
	 Elkhart Products Corp
	  	5054	  	CL 907090	  			  	$	1,264.88
	 Elkhart, IN
	  		  	CL 907091	  			  	 	948.32
		  		  	CL 907092	  			  	 	2,212.51
		  		  	CL 907093	  			  	 	1,813.85
		  		  	CL 907094	  			  	 	221.02
		  		  	CL 907095	  			  	 	2,209.10
		  		  	CL 907096	  			  	 	3,478.04
		  		  	EC 907089	  			  	 	1,096.32
		  		  	EC 907097	  			  	 	3,908.82
		  		  	EC 907109	  			  	 	2,788.16
		  		  	EC 688194	  			  	 	99,919.79
		  		  	EC 688371	  			  	 	33,403.34
		  		  	EC 688374	  			  	 	49,578.31
		  		  	EC 688375	  			  	 	19,389.19
		  		  	EC 688377	  			  	 	17,968.83
		  		  	EC 688638	  			  	 	46,045.19
		  		  	EC 688755	  			  	 	100,285.91
		  		  	EC 689114	  			  	 	27,037.59
		  		  	EC 689313	  			  	 	101,282.51
		  		  	EC 689474	  			  	 	15,594.31
		  		  	EC 689477	  			  	 	2,945.09
		  		  	EC 689479	  			  	 	8,713.25
		  		  	EC 689833	  			  	 	8,453.47
		  		  	EC 689829	  			  	 	22,710.22
		  		  	EC 689831	  			  	 	39,727.71
		  		  	EC 689832	  			  	 	18,762.12

  

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	 	  	 	  	 	  	INVOICE AMOUNT
	 CUSTOMER
	  	CCN	  	INVOICE #	  	CDN $	  	US $
	 Elkhart (cont’d)
	  	5054	  	EC 689871	  		  	12,499.23
		  		  	EC 689872	  		  	14,481.13
		  		  	EC 689873	  		  	4,952.65
		  		  	EC 689874	  		  	8,429.22
		  		  	EC 689876	  		  	4,895.95
		  		  	EC 689877	  		  	4,826.35
		  		  	EC 689941	  		  	14,889.23
		  		  	EC 689983	  		  	1,224.56
		  		  	EC 689984	  		  	9,510.78
		  		  	EC 690028	  		  	4,840.37
		  		  	EC 690029	  		  	5,363.71
		  		  	LO 690036	  		  	12,759.46
		  		  	EC 690130	  		  	12,125.87
		  		  	EC 690131	  		  	5,718.80
		  		  	EC 690132	  		  	10,763.04
		  		  	EC 690133	  		  	3,306.65
		  		  	EC 690174	  		  	5,338.52
		  		  	EC 690175	  		  	3,278.83
		  		  	EC 690176	  		  	4,250.50
		  		  	EC 690240	  		  	13,502.60
		  		  	EC 690241	  		  	20,440.75
		  		  	EC 690243	  		  	8,954.65
		  		  	EC 690244	  		  	1,397.64
		  		  	EC 690246	  		  	7,141.13
		  		  	EC 690148	  		  	5,183.73
		  		  	EC 690239	  		  	15,994.42
		  		  	EC 690242	  		  	10,751.25
		  		  	EC 690245	  		  	21,770.28
		  		  	EC 690247	  		  	10,131.48
		  		  	EC 690249	  		  	7,237.60
		  		  	EC 690250	  		  	11,437.31
		  		  	EC 690251	  		  	13,832.23
		  		  	EC 690292	  		  	4,596.61
		  		  	EC 690293	  		  	9,799.22
		  		  	EC 690294	  		  	15,478.65
		  		  	EC 690297	  		  	8,440.07
		  		  	EC 690355	  		  	2,677.81
		  		  	EC 690356	  		  	5,006.21
		  		  	EC 690357	  		  	3,836.66
		  		  	EC 690360	  		  	2,662.46
		  		  	EC 690361	  		  	4,800.22
		  		  	EC 690362	  		  	2,232.54
		  		  	EC 690416	  		  	4,004.54
		  		  	EC 690498	  		  	26,830.88
		  		  	EC 690499	  		  	8,755.82
		  		  	EC 690500	  		  	2,470.89
		  		  	EC 690501	  		  	3,721.95

  

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	 	  	 	  	 	  	INVOICE AMOUNT
	 CUSTOMER
	  	CCN	  	INVOICE #	  	CDN $	  	US $
	 Elkhart (cont’d)
	  	5054	  	EC 690502	  		  	 	8,041.52
		  		  	EC 690503	  		  	 	7,107.07
		  		  	EC 690504	  		  	 	6,701.33
		  		  	EC 690532	  		  	 	10,390.38
		  		  	LO 690544	  		  	 	12,303.20
		  		  	EC 690558	  		  	 	7,310.05
		  		  	EC 690593	  		  	 	7,026.57
		  		  	EC 690594	  		  	 	7,137.12
		  		  	EC 690595	  		  	 	9,134.11
		  		  	EC 690596	  		  	 	35,635.62
		  		  	EC 690597	  		  	 	13,383.12
		  		  	EC 690598	  		  	 	3,686.12
		  		  	EC 690599	  		  	 	18,378.78
		  		  	EC 690609	  		  	 	1,967.61
		  		  	EC 690610	  		  	 	4,934.94
		  		  	EC 690634	  		  	 	4,058.42
		  		  	EC 690678	  		  	 	3,398.55
		  		  	EC 690693	  		  	 	14,028.06
		  		  	EC 690733	  		  	 	4,671.38
		  		  	EC 690734	  		  	 	5,919.98
		  		  	EC 690765	  		  	 	10,261.62
		  		  	EC 690766	  		  	 	6,374.27
		  		  	EC 690796	  		  	 	13,616.81
		  		  	LO 690893	  		  	 	12,743.98
		  		  	EC 690947	  		  	 	49,834.78
		  		  	EC 690948	  		  	 	19,043.76
		  		  	EC 690949	  		  	 	36,641.78
		  		  	EC 690950	  		  	 	5,087.14
					
	 TOTAL
	  		  		  		  	$	1,367,120.37

  

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	 	  	 	  	 	  	INVOICE AMOUNT
	 CUSTOMER
	  	CCN	  	INVOICE #	  	CDN $	  	US $
	 Wolseley Canada, Inc.
	  		  	CL 689506	  	$	17,600.46	  	
	 Laval, QC
	  		  	Cl 689778	  	 	43,433.27	  	
		  		  	CL 689780	  	 	133,755.12	  	
		  		  	CL 689878	  	 	6,929.46	  	
		  		  	CL 689880	  	 	5,952.21	  	
		  		  	CL 689918	  	 	16,080.03	  	
		  		  	CL 689949	  	 	692.96	  	
		  		  	CL 689950	  	 	5,134.64	  	
		  		  	CL 689951	  	 	4,947.81	  	
		  		  	CL 689957	  	 	8,526.21	  	
		  		  	CL 689958	  	 	25,623.44	  	
		  		  	CL 689959	  	 	8,298.77	  	
		  		  	CL 689963	  	 	10,083.49	  	
		  		  	CL 689965	  	 	5,289.10	  	
		  		  	CL 689966	  	 	12,955.59	  	
		  		  	CL 690015	  	 	41,360.30	  	
		  		  	CL 690018	  	 	59,484.11	  	
		  		  	CL 690021	  	 	40,996.47	  	
		  		  	CL 690633	  	 	420.57	  	
		  		  	CL 690643	  	 	5,395.09	  	
		  		  	CL 690646	  	 	4,701.42	  	
		  		  	CL 690647	  	 	14,064.24	  	
		  		  	CL 690664	  	 	69,104.75	  	
		  		  	CL 690699	  	 	2,018.74	  	
		  		  	CL 690704	  	 	1,202.22	  	
		  		  	CL 690705	  	 	3,639.27	  	
		  		  	CL 690721	  	 	13,160.26	  	
		  		  	CL 690725	  	 	11,875.17	  	
		  		  	CL 690727	  	 	12,366.83	  	
		  		  	CL 690822	  	 	1,345.84	  	
		  		  	CL 690834	  	 	3,051.81	  	
		  		  	CL 690958	  	 	18,447.34	  	
		  		  	CL 690986	  	 	8,116.20	  	
		  		  	CL 691002	  	 	24,183.15	  	
		  		  	CL 691006	  	 	12,227.72	  	
		  		  	CL 690671	  	 	38,615.88	  	
		  		  	CL 690980	  	 	12,830.45	  	
		  		  	CL 690981	  	 	2,371.72	  	
		  		  	CL 69068	  	 	1,088.90	  	
		  		  	CL 690076	  	 	9,901.54	  	
					
	 TOTAL
	  		  		  	$	717,272.55	  	

  

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	 	  	 	  	 	  	INVOICE AMOUNT
	 CUSTOMER
	  	CCN	  	INVOICE #	  	CDN $	  	US $
	 W.C. Wood Co. Ltd.
	  		  	LO 690813	  		  	$	65,942.23
	 Guelph, ON
	  		  	LO 690814	  		  	 	27,360.22
					
	 TOTAL
	  		  		  		  	$	93,302.45

  

 8Amendment No. 1 to Second Amended and Restated Receivables Purchase Agreement

 Exhibit 10.5 
 AMENDMENT NO. 1 TO SECOND AMENDED AND RESTATED RECEIVABLES 
 PURCHASE AGREEMENT AND AMENDMENT NO. 1
TO SECOND AMENDED AND 
 RESTATED PERFORMANCE UNDERTAKING 
 THIS AMENDMENT NO. 1 TO SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT AND AMENDMENT NO. 1 TO SECOND AMENDED AND RESTATED PERFORMANCE
UNDERTAKING, effective as of May 25, 2008 (this “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”). 
 PRELIMINARY STATEMENTS 
 The Seller Parties, the Purchasers and the Agent are parties to that certain Second Amended and Restated Receivables Purchase Agreement
dated as of February 21, 2008, as heretofore amended (the “RPA”). 
 The Performance Guarantor
and the Seller are parties to the Second Amended and Restated Performance Undertaking dated as of February 21, 2008 (the “Performance Undertaking”). 
 The parties wish to amend the RPA and the Performance Undertaking to reflect the termination of the Canadian Receivables Sale Agreement
and the repurchase on the date hereof of all Receivables previously sold thereunder. 
 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. Definitions. Capitalized terms used and not otherwise defined herein are used with the meanings attributed thereto in the RPA or the Performance Undertaking, as applicable. 
 2. Amendments. 
 2.1. All references
in the RPA to the “Canadian Receivables Sale Agreement” and all references in the Performance Undertaking to the “Canadian Sale Agreement” are hereby deleted. All references in the Performance Undertaking to “either Sale
Agreement” or “the Sale Agreements” are hereby replaced with “the U.S. Sale Agreement”. All references in the RPA to “the Receivables Sale Agreements”, “each of the Receivables Sale Agreements”, “the
applicable Receivables Sale Agreement”, “a Receivables Sale Agreement”, “such Receivables Sale Agreement” or “either of the Receivables Sale Agreements” are hereby replaced with “the U.S. Receivables Sale
Agreement”. 
  

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 2.2. All references in the RPA and the Performance Undertaking to the “Canadian Subsidiary
Originator” are hereby deleted. From and after the date hereof, all references in the RPA to any or all of the Originators shall be deemed to apply only to the U.S. Originators, and all references in the Performance Undertaking to any or all of
the Subsidiary Originators shall be deemed to apply only to the U.S. Subsidiary Originators. 
 2.3. The text of each of Sections 1.1(a)(i),
1.4(a)(iv)(B), 8.1(c)(iii), 10.1.1(xviii), 10.1.3 and 10.1.4 of the RPA is hereby deleted in its entirety and replaced with “[intentionally deleted]”. 
 2.4. The definitions of “Canadian Dollar Equivalent”, “Canadian Originator”, “Canadian Person”, “Canadian Receivables Sale Agreement”, “Deemed Interest Reserve”,
“Currency Reserve”, “Insolvency Event,” “MCE Percentage”, “Quebec Assets”, “Quebec Receivable” and “U.S. Dollar Equivalent” in Exhibit I to the RPA, and all references to any of such terms
in such Exhibit or in the RPA are hereby deleted. 
 2.5. The last sentence of the definition of “Receivable Interest” in Exhibit I
to the RPA is hereby deleted in its entirety. 
 2.6. Sections 5.1(s) and (t) of the RPA are hereby amended and restated in their
entirety to read, respectively, as follows: 
 (s) Payments to Applicable Originator. With respect to each Receivable
transferred to Seller under a Receivables Sale Agreement, Seller has given reasonably equivalent value to the applicable Originator in consideration therefor and such transfer was not made for or on account of an antecedent debt. No transfer by any
Originator of any Receivable under a Receivables Sale Agreement is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§ 101 et seq.), as amended. 
 (t) Enforceability of Contracts. Each Contract with respect to each Receivable is effective to create, and has created, a legal,
valid and binding obligation of the related Obligor to pay the Outstanding Balance of the Receivable created thereunder and any accrued interest thereon, enforceable against the Obligor in accordance with its terms, except as such enforcement may be
limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or
at law). 
 2.7. Section 7.1(i)(Q) of the RPA is hereby amended and restated in its entirety to read as follows: 
 (Q) take such other actions as are necessary on its part to ensure that the facts and assumptions set forth in the opinions relating to
substantive consolidation issues issued by Dewey & LeBoeuf LLP (or Dewey Ballantine LLP as its predecessor) in connection with the U.S. Receivables Sale Agreement, and 

  

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in the certificates accompanying such opinion, remain true and correct in all material respects at all times. 
 2.8. The RPA is hereby amended to delete “the PPSA” and “the PPSA (as applicable)” where they appear. 
 2.9. The definitions of the following terms in Exhibit I to the RPA are hereby amended and restated in their entirety to read, respectively, as follows:

 “Adverse Claim” means a lien, security interest, charge, pledge, hypothecation or encumbrance, or
other right or claim in, of or on any Person’s assets or properties in favor of any other Person. 
 “Collections” means, with respect to any Receivable, all cash collections and other cash proceeds in respect of such Receivable, including, without limitation, all Finance Charges or other related amounts accruing in
respect thereof and all cash proceeds of Related Security with respect to such Receivable. 
 “Eligible
Receivable” means, at any time, a Receivable: 
 (i) the Obligor of which: (a) is not a natural person;
(b) is a corporation or other business organization organized under the laws of the United States or any political subdivision thereof and has its chief executive office in the United States, unless such receivable is an Eligible Foreign
Receivable; (c) is not an Affiliate of any of the parties hereto; (d) is not a government or a governmental subdivision or agency; and (e) is not a Designated Obligor, 
 (ii) which is not a Defaulted Receivable, 
 (iii) which is not owing from an Obligor as to which more than 50% of the aggregate Outstanding Balance of all Receivables owing from such Obligor are Defaulted Receivables, 
 (iv) which by its terms is due and payable within 120 days of the original billing date therefor and has not been outstanding for more
than 90 days past such original billing date and has not had its payment terms extended more than once; provided, however, in the event that the Best Possible DSO exceeds 40 days, the outstanding balance of Receivables
payable within 120 days of the original billing date therefor shall be deducted from the numerator set forth in clause (i) of the definition of the term “Best Possible DSO” in an amount necessary to cause the Best Possible DSO to be
40 days or less, 
 (v) which is an “account” or a “payment intangible” within the meaning of Article 9 of
the UCC of all applicable jurisdictions, 
 (vi) which is denominated and payable only in United States dollars in the United
States, 
  

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 (vii) which arises under a Contract in a form which the Agent has not deemed to be
unacceptable in its reasonable discretion and which, together with such Receivable, is in full force and effect and constitutes the legal, valid and binding obligation of the related Obligor enforceable against such Obligor in accordance with its
terms subject to no offset, counterclaim or other defense, 
 (viii) which arises under a Contract which (A) does not
contain an enforceable prohibition on pledge or assignment by the applicable Originator or its assigns or require the Obligor under such Contract to consent to the transfer, sale, pledge or assignment of the rights and duties of the applicable
Originator or any of its assignees under such Contract and (B) does not contain a confidentiality provision that purports to restrict the ability of any Purchaser to exercise its rights under this Agreement, including, without limitation, its
right to review the Contract, 
 (ix) which arises under a Contract that contains an obligation to pay a specified sum of
money, contingent only upon the sale of goods or the provision of services by the applicable Originator, 
 (x) which,
together with the Contract related thereto, does not contravene any law, rule or regulation applicable thereto (including, without limitation, any law, rule and regulation relating to truth in lending, fair credit billing, fair credit reporting,
equal credit opportunity, fair debt collection practices and privacy) and with respect to which no part of the Contract related thereto is in violation of any such law, rule or regulation, 
 (xi) which satisfies all applicable requirements of the Credit and Collection Policy, 
 (xii) which was generated in the ordinary course of the applicable Originator’s business, 
 (xiii) which arises solely from the sale of goods or the provision of services to the related Obligor by the applicable Originator, and
not by any other Person (in whole or in part), 
 (xiv) as to which the Agent has not notified Seller that the Agent has
determined that such Receivable or class of Receivables is not acceptable as an Eligible Receivable, including, without limitation, because such Receivable arises under a Contract that is not acceptable to the Agent, 
 (xv) which is not subject to any dispute, counterclaim, right of rescission, set-off, counterclaim or any other defense (including
defenses arising out of violations of usury laws) of the applicable Obligor against the applicable Originator or any other Adverse Claim, and the Obligor thereon holds no right as against such Originator to cause such Originator to repurchase the
goods or merchandise the sale of which shall have given rise to such Receivable (except with respect to sale discounts effected pursuant to the Contract, or defective goods 

  

 4 

 
returned in accordance with the terms of the Contract); provided, however, that if such dispute, offset, counterclaim or defense
affects only a portion of the Outstanding Balance of such Receivable, then such Receivable may be deemed an Eligible Receivable to the extent of the portion of such Outstanding Balance which is not so affected, and provided,
further, that Receivables of any Obligor which has any accounts payable by the applicable Originator or by a wholly-owned Subsidiary of such Originator (thus giving rise to a potential offset against such Receivables) may be treated as
Eligible Receivables to the extent that the Obligor of such Receivables has agreed pursuant to a written agreement in form and substance satisfactory to the Agent, that such Receivables shall not be subject to such offset, 
 (xvi) as to which the applicable Originator has satisfied and fully performed all obligations on its part with respect to such Receivable
required to be fulfilled by it, and no further action is required to be performed by any Person with respect thereto other than payment thereon by the applicable Obligor, 
 (xvii) as to which each of the representations and warranties contained in Sections 5.1(g), (i), (j), (r), (s), (t) and (u) is
true and correct, 
 (xviii) all right, title and interest to and in which has been validly transferred by the applicable
Originator directly to Seller under and in accordance with the Receivables Sale Agreement, and Seller has good and marketable title thereto free and clear of any Adverse Claim. 
 “Event of Bankruptcy” shall be deemed to have occurred with respect to a Person if either: 
 (a) a case or other proceeding shall be commenced, without the application or consent of such Person, in any court, seeking the
liquidation, reorganization, debt arrangement, dissolution, winding up, or composition or readjustment of debts of such Person, the appointment of a trustee, receiver, custodian, liquidator, assignee, sequestrator or the like for such Person or all
or substantially all of its assets, or any similar action with respect to such Person under any law relating to bankruptcy, insolvency, reorganization, winding up or composition or adjustment of debts, and such case or proceeding shall continue
undismissed, or unstayed and in effect, for a period of 60 consecutive days; or an order for relief in respect of such Person shall be entered in an involuntary case under the federal bankruptcy laws or other similar laws now or hereafter in effect;
or 
 (b) such Person shall commence a voluntary case or other proceeding under any applicable bankruptcy, insolvency,
reorganization, debt arrangement, dissolution or other similar law now or hereafter in effect, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee (other than a trustee under a deed of trust,
indenture or similar instrument), custodian, sequestrator (or other similar official) for, such Person or for any substantial part of its property, or shall make any general assignment for the 

  

 5 

 
benefit of creditors, or shall be adjudicated insolvent, or admit in writing its inability to pay its debts generally as they become due, or, if a
corporation or similar entity, its board of directors shall vote to implement any of the foregoing. 
 “Foreign
Receivable” means a Receivable the Obligor of which (a) if a natural person, is a resident of a country other than the United States or (b) if a corporation or other business organization, is organized under the
laws of a country other than the United States, and has its chief executive office in a country other than the United States. 
 “GAAP” means generally accepted accounting principles in effect in the United States of America as of the date of the Existing Agreement. 
 “Outstanding Balance” of any Receivable at any time means the then outstanding principal balance thereof.

 “Receivables Sale Agreement” means the U.S. Receivables Sale Agreement. 
 “Required Reserve” means, on any day during a Calculation Period, the product of (i) the greater of
(A) the Required Reserve Factor Floor and (B) the sum of the Loss Reserve, the Yield Reserve, the Dilution Reserve and the Servicing Reserve, times (ii) the Net Pool Balance as of the Cut-Off Date immediately preceding such
Calculation Period. 
 2.10. Exhibits VIII and X to the RPA are hereby amended and restated in their entirety to read as set forth in Annexes
A and B, respectively, hereto. 
 2.11. Exhibit IV to the RPA is hereby amended to delete all “Canadian Based Bank Accounts” listed
thereon. 
 2.12. The Performance Undertaking is hereby amended to delete recitals 3, 4 and 5, and to replace all references to “Sale
Agreement[s]” with “U.S. Sale Agreement” and all references to “Subsidiary Originator[s]” with “U.S. Subsidiary Originator[s]”. 
 2.13. Any amendment made to the Performance Undertaking pursuant to this Section 2 is also made to Exhibit IX to the RPA. 
  

 6 

 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 Amendment and that each of the RPA and Performance Undertaking, 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 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
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; 
 (b) Receipt by
Latham & Watkins LLP of payment of all previously invoiced but unpaid legal fees and disbursements in connection with the Transaction Documents; 
 (c) Receipt by the Agent of a counterpart of that certain Canadian Receivables Sale Termination and Reassignment Agreement by and among Seller, Wolverine Tube (Canada) Inc., CIT/BC, Wachovia and the Agents, duly
executed by all parties thereto; 
 (d) Termination of the Blocked Account Agreement dated as of April 4, 2006 by and
among Wolverine Tube (Canada) Inc., an Ontario corporation (the “Canadian Company”), the Seller, the Agent and The Bank of Nova Scotia; and 
 (e) Execution and delivery by all parties of that certain Canadian Receivables Termination and Reassignment Agreement, dated as of
May 30, 2008, by and among the Seller, the Canadian Company, the Purchasers and the Agents. 
 5. Miscellaneous. 
 5.1. Except as expressly amended hereby, the RPA and the Performance Undertaking 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. 
  

 7 

 5.2. THIS 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 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> 
  

 8 

 IN WITNESS WHEREOF, the parties hereto have executed this 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

  

 9 

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

	Name:	 	David A. Owen
	Title:	 	Chief Financial Officer 

  

 10 

			
	THE CIT GROUP/BUSINESS CREDIT, INC.,
	individually and as Co-Agent
		
	By:	 	 /s/ Alan Strauss

	Name:	 	Alan Strauss
	Title:	 	

  

 11 

			
	 WACHOVIA BANK, NATIONAL ASSOCIATION,
 individually and as Agent

		
	By:	 	 /s/ Elizabeth R. Wagner

	Name:	 	Elizabeth R. Wagner
	Title:	 	Managing Director

  

 12 

 ANNEX A 
 EXHIBIT VIII 
 DEJ 98 Finance Monthly Servicer Report 
 For the Month Ended: 
 [MM/DD/YYYY]

 (Page 1) 
 ($000’s) 
  

											
	 Calculated Funding Availability
	  		  		  	
				
	 A/R ROLLFORWARD
	  		  		  	
						
	 Beginning Balance
	  		  		  		  		  	
	 Add: New Billings
	  		  		  		  		  	
	 Add: Debits
	  		  		  		  		  	
	 Less: Net Cash
	  		  		  		  		  	
	 Less: Dilution
	  		  		  		  		  	
	 Less: Gross Write-Offs
	  		  		  		  		  	
	 EOM AR Balance
	  		  		  		  		  	
		
	AGING SCHEDULE	  	% of Total Aging
	 	  	 	  	Current	  	Current Month	  	1 Month Prior	  	2 Months Prior
	 Current
	  		  		  		  		  	
	 1-30 DPD
	  		  		  		  		  	
	 31-60 DPD
	  		  		  		  		  	
	 61-90 DPD
	  		  		  		  		  	
	 91+ DPD
	  		  		  		  		  	
	 Total Credits in Agings
	  		  		  		  		  	
		  	Total Aging	  		  		  		  	
				
	A/R RECONCILIATIONS	  		  		  	
						
	 Calculated Ending A/R
	  		  		  		  		  	
	 Reported Ending A/R
	  		  		  		  		  	
	 Difference
	  		  		  		  		  	
	 Calculated Ending A/R
	  		  		  		  		  	
	 Total Aging
	  		  		  		  		  	
	 Difference
	  		  		  		  		  	
				
	 INELIGIBLES
	  		  		  	
						
	 Defaulted Receivables (Gross)
	  		  		  		  		  	
	 Contra Accounts
	  		  		  		  		  	
	 Cross-Aged 50%
	  		  		  		  		  	
	 Volume Rebate Accrual
	  		  		  		  		  	
	 Chargebacks
	  		  		  		  		  	
	 Bankrupt A/R
	  		  		  		  		  	
	 Other Foreign
	  		  		  		  		  	
	 Ineligible Payment Terms
	  		  		  		  		  	
	 Total Ineligibles
	  		  		  		  		  	
						
	 Eligible Receivables
	  		  		  		  		  	

  

 13 

 DEJ 98 Finance Monthly Servicer Report 
 For the Month Ended: 
 [MM/DD/YYYY] 
 (Page 2) 
 ($000’s) 
  

											
	  	  	Current Month	  	One Month Prior	  	Two Months Prior
	 EXCESS CARVEOUTS
	 		  		  		  		  	
	 Over-concentrations (From Obligor Concentrations)
	  		  		  	
	 Excess Foreign
	  		  		  	
	 Deduction for Best Possible DSO
	  		  		  	
				
	 FUNDING AVAILABILITY CALCULATION
	  		  		  	
	 Total A/R
	  		  		  	
	 Less: Total Ineligibles
	  		  		  	
	 Eligible Receivables
	  		  		  	
	 Less: Total Excess Carveouts
	  		  		  	
	 NET POOL BALANCE
	  		  		  	
				
	 RESERVES
	  		  		  	
	 Loss Reserve
	  		  		  	
	 Dilution Reserve
	  		  		  	
	 Yield Reserve
	  		  		  	
	 Servicing Reserve
	  		  		  	
	 Total Dynamic Reserve
	  		  		  	
	 Reserve Floor
	  		  		  	
	 Required Reserve %
	  		  		  	
	 Required Reserve $ (RR)
	  		  		  	
				
	 FUNDING AVAILABILITY
	  		  		  	
	 Net Pool Balance (NPB)
	  		  		  	
	 Less: Required Reserve
	  		  		  	
	 CALCULATED FUNDING AVAILABILITY
	  		  		  	
	 Maximum Funding Available
	  		  		  	
	 Current CP Outstanding (CP)
	  		  		  	
	 Purchase Availability (or Required Paydown)
	  		  		  	
				
	 Purchase (or Paydown) at Settlement
	  		  		  	
				
	 TRIGGER COMPLIANCE
	  		  		  	
						
	  	 	 Compliance Test
	  	 Compliance Level
	  	 	  	 	  	 
	 Asset Interest
	 	(CP+RR) / NPB < 100%	  	[In/Out] of Compliance	  		  		  	
	 3M Delinquency Trigger
	 	Less than 2.75%	  	[In/Out] of Compliance	  		  		  	
	 3M Default Ratio
	 	Less than 2.5%	  	[In/Out] of Compliance	  		  		  	
	 3M Dilution Ratio
	 	Less than 5%	  	[In/Out] of Compliance	  		  		  	
	 Best Possible DSO
	 	<= 40	  	[In/Out] of Compliance	  		  		  	
	 Purchase Limit
	 	<= $75,000,000	  	[In/Out] of Compliance	  		  		  	
	 [Financial Covenant 1]
	 		  		  		  		  	
	 [Financial Covenant 2]
	 		  		  		  		  	
	 [Financial Covenant 3]
	 		  		  		  		  	

 EXCESS CONCENTRATIONS 
  

													
	 	  	 Obligor Name
	  	 Short Term Debt Rating
	  	 Allowable %
	  	 Total Receivables
	  	 % of Total
	  	 Excess Receivables

	1.	  		  		  		  		  		  	
	2.	  		  		  		  		  		  	
	3.	  		  		  		  		  		  	
	4.	  		  		  		  		  		  	
	5.	  		  		  		  		  		  	
	6.	  		  		  		  		  		  	
	7.	  		  		  		  		  		  	
	8.	  		  		  		  		  		  	
	9.	  		  		  		  		  		  	
	10.	  		  		  		  		  		  	
		  		  		  		  		  	Total	  	

 The undersigned hereby represents and warrants that the foregoing is a true and accurate accounting with respect
to outstanding receivables as of [MM/DD/YYYY] in accordance with the Second Amended and Restated Receivables Purchase Agreement dated February 21, 2008 and that all representations and warranties related to such Agreement are restated and
reaffirmed. 
  

													
	Signed:	 	  
	 		 	Date:	 	  
	 		 	
	Title:	 		 		 		 		 		 	

  

 14 

 ANNEX B 
 EXHIBIT X 
  

																	
	 Weekly Calculated Funding Availability - Asset Securitization Facility
 Enter data as of week ending date in yellow-shaded cells.
 Enter data as of most recent month end date in blue-shaded cells.
 Cells that are not shaded contain
formulas.

								
	          Week Ending	  	[MM/DD/YY]	 	 	 	 	 	 	 	  	 	 	 	 	  	 
	 AGING SCHEDULE
	  			 		 		 		  			 		  	
	 Current
	  			 		 		 		  			 		  	
	 1-30 DPD
	  			 		 		 		  			 		  	
	 31-60 DPD
	  			 		 		 		  			 		  	
	 61-90 DPD
	  			 		 		 		  			 		  	
	 91+ DPD
	  			 		 		 		  			 		  	
	 Total
	  			 		 		 		  			 		  	
								
	 INELIGIBLES
	  			 		 		 		  			 		  	
	 Credit balance items > 60 DPD
	  			 	Enter as a positive number.	 	 		  	
	 Defaulted Receivables (Gross)
	  	—  	 	 	Calculated	 	 		  	
	 Contra Accounts
	  			 	Use most recent month-end balance	 	 		  	
	 Cross-Aged 50%
	  			 	Use most recent month-end balance	 	 		  	
	 Volume Rebate Accrual
	  			 	Use most recent month-end balance	 	 		  	
	 Chargebacks
	  			 	Use most recent month-end balance	 	 		  	
	 Bankrupt A/R
	  			 	Use most recent month-end balance	 	 		  	
	 Other Foreign
	  			 	Use most recent month-end balance	 	 		  	
	 Ineligible Payment Terms
	  			 	Use most recent month-end balance	 	 		  	
	 Total Ineligibles
	  	—  	 	 	Calculated	 		 		  			 		  	
		  	 	 	 	 	 		 		  			 		  	
	 Eligible Receivables
	  	—  	 	 	Calculated	 		 		  			 		  	
		  	 	 	 	 	 		 		  			 		  	
	 	  	 	 	 	 	  	Allowable
Percentage	 	 	Credit Rating	  	Rating
Code
	 OBLIGOR CONCENTRATIONS (Top 5 under 60 DPD)
	  	Combined
 Total
	 
  
	 	Combined
 Domestic*
	 	Combined
 Foreign*
	 	Rating Code	  	[X.XX	%]	 	NR/NR	  	1
	 1 
	  	—  	 	 	6,594	 	—  	 	6	  	[X.XX	%]	 	A3/P3	  	2
	 2 
	  	—  	 	 	9,700	 	8,353	 	3	  	[X.XX	%]	 	A2/P2	  	3
	 3 
	  	—  	 	 	3,706	 	1,872	 	4	  	[X.XX	%]	 	A1/P1	  	4
	 4 
	  	—  	 	 	6,277	 	—  	 	1	  	[X.XX	%]	 	A1+/P1	  	5
	 5 
	  	—  	 	 	12,287	 	26	 	3	  	[X.XX	%]	 	Special Limit	  	6
		  			 	  
 * Exclude amounts
with respect to each Obligor that are included in row 22 above.

	 EXCESS CARVEOUTS
	  			 		  			 		  	
	 Over-concentrations
	  	—  	 	 	Calculated	 	 		  	
	 Eligible Foreign (York, Carrier, Whirlpool, Trane and GE)
	  			 	Originated in U.S.	 	 		  	
	 Excess Foreign
	  	—  	 	 	Calculated	 	 		  	
	 Deduction for Best Possible DSO
	  	—  	 	 	Use most recent month-end balance	 	 		  	
	 Total Excess Carveouts
	  	—  	 	 	Calculated	 		 		  			 		  	
				
	 FUNDING AVAILABILITY CALCULATION
	  
	 			 		  	
	 Total A/R
	  	—  	 	 	Calculated	 	 		  	
	 Less: Total Ineligibles
	  	—  	 	 	Calculated	 		 		  			 		  	
		  	 	 	 	 	 		 		  			 		  	
	 Eligible Receivables
	  	—  	 	 	Calculated	 	 		  	
	 Less: Total Excess Carveouts
	  	—  	 	 	Calculated	 	 		  	
		  	 	 	 	 	 		 		  			 		  	
	 NET POOL BALANCE
	  	—  	 	 	Calculated	 		 		  			 		  	
					
	 RESERVES
	  			 			 		  	
	 Loss Reserve
	  			 	Use most recent month-end percentage	 	 		  	
	 Dilution Reserve
	  			 	Use most recent month-end percentage	 	 		  	
	 Yield Reserve
	  			 	Use most recent month-end percentage	 	 		  	
	 Servicing Reserve
	  			 	Use most recent month-end percentage	 	 		  	
	 Total Dynamic Reserve
	  	0.00	%	 	Calculated	 	 		  	
	 Reserve Floor
	  			 	Use most recent month-end percentage	 	 		  	
	 Required Reserve %
	  	0.00	%	 	Calculated	 	 		  	
	 Required Reserve $ (RR)
	  	—  	 	 	Calculated	 	 		  	
					
	 FUNDING AVAILABILITY
	  			 			 		  	
	 Net Pool Balance (NPB)
	  	—  	 	 	Calculated	 	 		  	
	 Less: Required Reserve
	  	—  	 	 	Calculated	 	 		  	
		  	 	 	 	 	 		 		  			 		  	
	 CALCULATED FUNDING AVAILABILITY
	  	—  	 	 	Calculated	 		 		  			 		  	
	 AVAILABILITY CAP
	  	75,000	 	 	Fixed	 		 		  			 		  	
					
	 Current CP Outstanding (CP)
	  	—  	 	 			 		  	
	 Purchase Availability (or Required Paydown)
	  	—  	 	 	Calculated	 	 		  	

  

 15

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