Exhibit 10.11e
LOAN PARTY JOINDER
AGREEMENT
THIS LOAN PARTY JOINDER AGREEMENT
(this “ Agreement ”), dated as of
May 31, 2007, is entered into between Pipe Acquisition
Limited, an English Limited Company (the “ New
Subsidiary ”) and JPMORGAN CHASE BANK, N.A., in its
capacity as administrative agent (the “ Administrative
Agent ”) under that certain Credit Agreement, dated
as of May 11, 2007 among Edgen Murray Corporation, Edgen
Murray Canada Inc., Edgen Murray Pte., Ltd. (the “
Borrowers ”), the other Loan Parties party
thereto, the Lenders party thereto and the Administrative Agent (as
the same may be amended, modified, extended or restated from time
to time, the “ Credit Agreement ”). All
capitalized terms used herein and not otherwise defined shall have
the meanings set forth in the Credit Agreement.
The New Subsidiary and the
Administrative Agent, for the benefit of the Lenders, hereby agree
as follows:
1. The New Subsidiary hereby
acknowledges, agrees and confirms that, by its execution of this
Agreement, the New Subsidiary will be deemed to be a Loan Party
under the Credit Agreement and a “Loan Guarantor” for
all purposes of the Credit Agreement and shall have all of the
obligations of a Loan Party and a Loan Guarantor thereunder as if
it had executed the Credit Agreement. The New Subsidiary hereby
ratifies, as of the date hereof, and agrees to be bound by, all of
the terms, provisions and conditions contained in the Credit
Agreement, including without limitation (a) all of the
representations and warranties of the Loan Parties set forth in
Article III of the Credit Agreement, and (b) all of the
covenants set forth in Articles V and VI of the Credit Agreement
and (c) all of the guaranty obligations set forth in Article X
of
