Document:

Third Amendment to Consignment Agreement dated October 25, 2006

 Exhibit 10.12 
 THIRD AMENDMENT TO CONSIGNMENT AGREEMENT 
 THIS THIRD AMENDMENT TO CONSIGNMENT AGREEMENT (this
“Amendment”) is made as of the 25th day of October, 2006, by and among THE BANK OF NOVA SCOTIA, a Canadian-chartered bank of (“Consignor”), AGY HOLDING CORP., a Delaware corporation
(“Holding”), AGY AIKEN LLC, a Delaware limited liability company (“Aiken”), and AGY HUNTINGDON LLC, a Delaware limited liability company
(“Huntingdon”); Holding, Aiken and Huntingdon are herein collectively referred to herein as (“Customer”). 
 WITNESSETH THAT: 
 WHEREAS, Bank of America, N.A., a national banking association
(“BANA”), and Customer are the named parties to a certain Consignment Agreement dated as of August 25, 2005, as amended by a First Amendment to Consignment Agreement dated as of April 7, 2006, and a Second Amendment
to Consignment Agreement dated as of April 21, 2006 (as amended, the (“Consignment Agreement” ); and 
 WHEREAS, effective October 10, 2006, BANA assigned to Consignor all of its right, title and interest in, under and to the Consignment Agreement and all agreements securing the payment and performance of all of Customer’s
obligations thereunder, and all other agreements relating thereto, and Consignor agreed to perform all obligations of BANA as consignor under the Consignment Agreement; and 
 WHEREAS, the parties hereto desire to amend certain provisions of the Consignment Agreement as hereinafter provided. 
 NOW, THEREFORE, for value received, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties
hereto hereby agree as follows: 
  

	 	1.	Capitalized Terms. 

 Capitalized terms used
in this Amendment without definition herein shall have the meanings given to such terms in the Consignment Agreement. 
  

	 	2.	References to Consignor. 

 (a) All references
in the Consignment Agreement to “Consignor” are hereby amended to read and refer to The Bank of Nova Scotia, a Canadian-chartered bank, as assignee of Bank of America, N.A., a national banking association. 

 (b) The Consignor’s address for Notices set forth in Section 14.07 of the
Consignment Agreement is hereby amended to read as follows: 
 “The Bank of Nova Scotia 
 One Liberty Plaza, 25th
 Floor 
 New York, NY 10006 
 Attention: Tim Dinneny, Managing Director 
 Telecopy No.: 212-225-6248 
 in each case (except for routine communications) with a copy to:

 Edwards Angell Palmer & Dodge LLP 
 2800 Financial Plaza 
 Providence, Rhode Island 02903 
 Attention: Andrew J. Chlebus 
 Telecopy No.: 401-276-6611” 
 (c) The address of Consignor set forth in Section 14.07 of the Consignment Agreement for payment by or on behalf of Customer under the Consignment Agreement is hereby amended to read as follows: 
 The Bank of Nova Scotia New York 
 SWIFT Code NOSCUS33 
 ABA: #026002532 
 For further credit to 
 Account # 0612030 Scotia Mocatta NY 
 Ref: AGY Holding Corp. 
  

	 	3.	Amended Definitions. 

 (a) The definitions of
the terms “Applicable Margin”, “Bank”, “Consignor’s Address”, “First Lien Administrative Agent”, “First Lien Credit
Agreement”, “Intercreditor Agreement”, “Prime Rate”, “Second Lien Administrative Agent” and 
 “Second Lien Credit Agreement” in Section 1.01 of the Consignment Agreement are hereby amended to read in their entirety,
respectively, as follows: 
 ““Applicable Margin” means two percentage points
(2.00%) or such other percentage as Consignor and Customer may agree upon from time to time.” 
 ““Bank” means The Bank of Nova Scotia, a Canadian-chartered bank.” 
 ““Consignor’s Address” means One Liberty
Plaza, 25th Floor, New York, NY 10006, Attn: Tim Dinneny, Managing Director, or such other person or address as the Consignor shall designate from
time to time in accordance with the provisions hereof.” 
  

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 ““First Lien Administrative Agent” means UBS
AG, Stamford Branch, as Administrative Agent for the Lenders as defined in the First Lien Credit Agreement.” 
 ““First Lien Credit Agreement” means that certain Credit Agreement dated as of October 25, 2006, between Customer, KAGY Holding Company, Inc. and other Guarantors party thereto, certain financial
institutions signatory thereto as Lenders, UBS Securities LLC, as Sole Lead Arranger, Sole Bookmanager, Documentation Agent and Syndication Agent, UBS AG, Stamford Branch, as Issuing Bank, Administrative Agent and Collateral Agent, and UBS Loan
Finance LLC, as Swingline Lender, as amended, restated, supplemented, extended, renewed, replaced or otherwise modified from time to time.” 
 ““Intercreditor Agreement” means that certain Intercreditor Agreement dated as of October 25, 2006, by and among Consignor, Customer, certain Affiliates of Customer, First Lien
Administrative Agent and Second Lien Administrative Agent, as the same may hereafter be amended, restated, supplemented, extended, renewed, replaced or otherwise modified from time to time.” 
 ““Prime Rate” shall mean the U.S. dollar base rate as quoted by Consignor from time to time for
U.S. Dollar commercial loans made by the Consignor in the United States of America and being a variable rate of interest adjusted automatically upon change by Consignor. The Prime Rate is a reference rate and does not necessarily
represent the lowest or best rate being charged to any customer. Changes in the rate of interest resulting from changes in the Prime Rate shall take place immediately without notice or demand of any kind.” 
 ““Second Lien Administrative Agent” means U.S. Bank National Association, as Trustee and Collateral
Agent for the holders of certain notes issued pursuant to the Second Lien Credit Agreement.” 
 ““Second Lien Credit Aggreement” means that certain Indenture dated as of October 25, 2006, between Holding and certain Guarantors party thereto, as Guarantors, and Second Lien Administrative Agent,
as amended, restated, supplemented, extended, renewed, replaced or otherwise modified from time to time.” 
 (b)
The definition of the term “Total Leverage Ratio” is hereby deleted from Section 1.01 of the Consignment Agreement. 
  

	 	4.	Additional Amendments. 

 (a) All references
in the Consignment Agreement to Providence, Rhode Island, or Charlotte, North Carolina, are hereby amended to read and refer to New York, New York. 
 (b) Section 7.66(b) of the Consignment Agreement is hereby amended by adding to the end thereof the following; 
  

 - 3 - 

 “provided, however, that, notwithstanding the foregoing, the
deliveries required under this Section 7.06(b) for the quarterly period ending September 30, 2006, shall be delivered by Customer to Consignor on or prior to January 15, 2007.”] [subject to Consignor consent] 

(c) Section 14.02(a) of the Consignment Agreement is hereby amended to read in its entirety as follows: 
 “(a) CUSTOMER HEREBY IRREVOCABLY AGREES THAT ANY SUIT FOR THE ENFORCEMENT OF THIS AGREEMENT OR ANY OF THE OTHER CREDIT DOCUMENTS MAY
BE BROUGHT, AT THE CONSIGNOR’S OPTION, IN THE COURTS OF THE STATE OF NEW YORK OR ANY FEDERAL COURT SITTING THEREIN AND CONSENTS TO THE NONEXCLUSIVE JURISDICTION OF SUCH COURTS AND SERVICE OF PROCESS IN ANY SUCH SUIT BEING MADE UPON CUSTOMER BY
MAIL AT THE CUSTOMER’S ADDRESS SET FORTH IN THIS AGREEMENT. THE CUSTOMER HEREBY WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH SUIT OR ANY SUCH COURT OR THAT SUCH SUIT IS BROUGHT IN AN INCONVENIENT FORUM.”

  

	 	5.	Representations and Warranties. 

 To induce
Consignor to enter into this Amendment, Customer hereby represents and warrants to Consignor that (a) on and as of the date hereof, Customer is not in default of any covenant set forth in the Agreement, as amended hereby, and (b) except as
disclosed in writing to Consignor contemporaneously with Customer’s execution hereof, restates as of the date hereof and incorporates herein by reference all representations and warranties set forth in the Agreement, except that for the
purposes of such incorporation by reference, the term “this Agreement” shall be amended to read “this Amendment.” 
  

	 	6.	Applicable Law. 

 This Amendment and the
rights and obligations of the parties hereunder shall be construed and interpreted in accordance with the laws of the State of New York (excluding the laws applicable to conflicts or choice of law). 
  

	 	7.	Integration. 

 This Amendment is intended by
the parties as the final, complete and exclusive statement of the amendment intended hereby. The Agreement, as amended hereby, may not be amended or modified except by a written Instrument describing such amendment or modification, executed by
Customer and Consignor. 
  

 - 4 - 

	 	8.	Expenses. 

 Customer hereby covenants and
agrees to pay all out-of-pocket expenses, costs and charges incurred by Consignor (including reasonable fees and disbursements of counsel) in connection with the preparation and implementation of this Amendment. 
  

	 	9.	Reaffirmation. 

 Except as amended hereby,
the Agreement shall remain in full force and effect and is in all respects hereby ratified and affirmed. 
  

	 	10.	Counterparts. 

 This Amendment may be
executed by the parties hereto in any number of separate counterparts, each of which shall be deemed to be an original and all of which, taken together, shall constitute one and the same agreement. 
 [The next page is the signature page] 
  

 - 5 - 

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

					
	 AGY HOLDING CORP.

		
	By:	 	 /s/ C. Cuisson

	Name:	 	C. Cuisson
	Title:	 	Vice President and Chief Financial Officer
	
	 AGY AIKEN LLC

		
	By:	 	AGY Holding Corp., its sole member
			
		 	By:	 	 /s/ C. Cuisson

		 	Name:	 	C. Cuisson
		 	Title:	 	Vice President and Chief Financial Officer
	
	 AGY HUNTINGDON LLC

		
	By:	 	AGY Holding Corp., its sole member
			
		 	By:	 	 /s/ C. Cuisson

		 	Name:	 	C. Cuisson
		 	Title:	 	Vice President and Chief Financial Officer
	
	 THE BANK OF NOVA SCOTIA

		
	By:	 	 /s/ Zoran Miljkovic

	Name:	 	Zoran Miljkovic
	Title:	 	Director
		
	By:	 	 /s/ Timothy P. Dinneny

	Name:	 	Timothy P. Dinneny
	Title:	 	Managing DirectorFourth Amendment to Consignment Agreement dated September 14, 2007

 Exhibit 10.13 
 FOURTH AMENDMENT TO CONSIGNMENT AGREEMENT 
 THIS FOURTH AMENDMENT TO CONSIGNMENT AGREEMENT
(this “Amendment”) is made as of the 14th day of September, 2007, by and among THE BANK OF NOVA SCOTIA, a Canadian chartered bank (“Consignor”), and AGY HOLDING CORP., a Delaware
corporation (“Holding”), AGY AIKEN LLC, a Delaware limited liability company (“Aiken”), and AGY HUNTINGDON LLC, a Delaware limited liability company (“Huntingdon”;
Holding, Aiken and Huntingdon are herein collectively referred to as “Customer”). 
 WITNESSETH THAT: 
 WHEREAS, Consignor (as assignee of Bank of America, N.A.) and Customer are parties to a certain Consignment Agreement dated as of August 25, 2005,
as amended by a First Amendment to Consignment Agreement dated as of April 7, 2006, a Second Amendment to Consignment Agreement dated as of April 21, 2006, and a Third Amendment to Consignment Agreement dated as of October 25, 2006
(as amended, the “Consignment Agreement”); and 
 WHEREAS, the parties hereto desire to amend certain provisions of
the Consignment Agreement as hereinafter provided. 
 NOW, THEREFORE, for value received, and for other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows: 
  

	 	1.	Capitalized Terms. 

 Capitalized terms used
in this Amendment without definition herein shall have the meanings given to such terms in the Consignment Agreement. 
  

	 	2.	Amended Definitions. 

 (a) The definition of
the term “Consignment Limit” as set forth in Section 1.01 of the Consignment Agreement is hereby amended to read in its entirety as follows: 
 ““Consignment Limit” means (a) the lesser of (i) Forty Million Dollars ($40,000,000), and
(ii) the value (as determined in accordance with Section 2.02) of 30,000 ounces of Platinum; or (b) such other limit as Consignor and Customer may agree upon from time to time as evidenced by an amendment in substantially the
form of Exhibit C attached hereto and made a part hereof.” 
 (b) The definition of Fixed Rate Period as set forth
in Section 1.01 of the Consignment Agreement is hereby amended to read in its entirety as follows: 
 ““Fixed Rate Period” means, with respect to the Consignment of Precious Metal based upon a Fixed Consignment Fee, the period beginning on the Drawdown Date and ending one (1) month, two (2) months,
three (3) months, six (6) months, nine (9) months, 

 
or twelve (12) months after such Drawdown Date (or such other period, not to exceed twelve (12) months, as Consignor and Customer shall agree upon
from time to time), as Customer may select in its relevant notice pursuant to Sections 2.04 or 2.05; provided, however, that, if such Fixed Rate Period would otherwise end on a day which is not a London Banking Day, such Fixed
Rate Period shall end on the next following London Banking Day; provided, however, that if such next following London Banking Day is the first London Banking Day of a calendar month, such Fixed Rate Period shall end on the next
preceding London Banking Day.” 
  

	 	3.	Representations and Warranties. 

 Customer
hereby represents and warrants to Consignor that (a) on and as of the date hereof, Customer is not in default of any covenant set forth in the Agreement, as amended hereby, and (b) except as may be disclosed in writing to Consignor
contemporaneously with Customer’s execution hereof, restates as of the date hereof and incorporates herein by reference all representations and warranties set forth in the Agreement, except that for the purposes of such incorporation by
reference, the term “this Agreement” shall be amended to read “this Amendment.” 
  

	 	4.	Applicable Law. 

 This Amendment and the
rights and obligations of the parties hereunder shall be construed and interpreted in accordance with the laws of the State of New York (excluding the laws applicable to conflicts or choice of law). 
  

	 	5.	Integration. 

 This Amendment is intended by
the parties as the final, complete and exclusive statement of the amendment intended hereby. The Agreement, as amended hereby, may not be amended or modified except by a written instrument describing such amendment or modification, executed by
Customer and Consignor. 
  

	 	6.	Expenses. 

 Customer hereby covenants and
agrees to pay all out-of-pocket expenses, costs and charges incurred by Consignor (including reasonable fees and disbursements of counsel) in connection with the preparation and implementation of this Amendment. 
  

	 	7.	Reaffirmation. 

 Except as amended hereby,
the Agreement shall remain in full force and effect and is in all respects hereby ratified and affirmed. 
  

 - 2 - 

	 	8.	Counterparts. 

 This Amendment may be
executed by the parties hereto in any number of separate counterparts, each of which shall be deemed to be an original and all of which, taken together, shall constitute one and the same agreement. 
 [The next page is the signature page] 
  

 - 3 - 

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

					
	AGY HOLDING CORP.
		
	By:	 	 /s/ Wayne T. Byrne

	Name:	 	Wayne T. Byrne
	Title:	 	Chief Financial Officer
	
	AGY AIKEN LLC
		
	By:	 	AGY Holding Corp., its sole member
			
		 	By:	 	 /s/ Wayne T. Byrne

		 	Name:	 	Wayne T. Byrne
		 	Title:	 	Chief Financial Officer
	
	AGY HUNTINGDON LLC
		
	By:	 	AGY Holding Corp., its sole member
			
		 	By:	 	 /s/ Wayne T. Byrne

		 	Name:	 	Wayne T. Byrne
		 	Title:	 	Chief Financial Officer
	
	THE BANK OF NOVA SCOTIA
		
	By:	 	 /s/ Anthony J. Capuano

	Name:	 	Anthony J. Capuano
	Title:	 	Director

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