Exhibit 10.11h
ASSUMPTION AGREEMENT
THIS ASSUMPTION AGREEMENT, dated as of September 21, 2007, by
EQUIPMENT, INC. , a Texas corporation (the “
Additional Grantor ”), in favor of JPMORGAN
CHASE BANK, N.A. , as the Administrative Agent (in such
capacity, the “ Administrative Agent ”),
for the banks and other financial institutions (the “
Lenders ”) parties to the Credit Agreement
referred to below. All capitalized terms not defined herein shall
have the meaning ascribed to them in such Credit Agreement.
W I T N E S S E T H:
WHEREAS, EDGEN MURRAY CORPORATION , a Nevada corporation
(the “ Company ”), EDGEN MURRAY
CANADA , an Alberta corporation (“ Edgen
Canada ”), EDGEN MURRAY EUROPE LIMITED , a
limited company incorporated under the laws of England and Wales
with registered number 01241058 (“ Edgen UK
,” together with the Company, Edgen Canada and any other
entity that may become a party hereto as provided herein, the
“ Borrowers ” and, each individually, a
“ Borrower ”), the Lenders, the
Administrative Agent and the Issuing Bank, have entered into a
Credit Agreement, dated as of May 11, 2007 (as amended,
supplemented or otherwise modified from time to time, the “
Credit Agreement ”);
WHEREAS, in connection with the Credit Agreement, the Company,
Edgen Murray II, L.P., a Delaware limited partnership, Edgen Murray
LLC, a Delaware limited liability company, and certain other
parties from time to time as “Grantors” thereunder
(other than the Additional Grantor) have entered into the Pledge
and Security Agreement, dated as of May 11, 2007 (as amended,
supplemented or otherwise modified from time to time, the “
US Security Agreement ”) in favor of the
Administrative Agent for the ratable benefit of the Agents, Lenders
and Other Secured Parties;
WHEREA
