EX-10.15.2



 Exhibit 10.15.2 

Dated 21/12/16 
 TARGO
Commercial Finance AG 

Heinrich-von-Brentano-Str. 2,55130
 Mainz, Germany 
 and 

Constelllum Extrusions Decfn s.r.o., 

Ústecká 751/37, 405 02 Decín V – Rozbelesy, Czech Republic, 

 
  

AMENDEMENT AGREEMENT 
 to a
Factoring Agreement (dated 26 June 2015) 
  
  







 This Amendment Agreement (the “Agreement”) is dated      November 2016, and
entered into between 
  

	(1)	TARGO Commercial Finance AG (previously GE Capital Bank AG), Heinrich-von-Brentano-Str. 2,
55130 Mainz, Germany, (hereafter referred to as “TARGOCF”); and 

  

	(2)	Constellium Extrusions Decfn s.r.o., Ústecká 751/37, 405 02 Decfn V – Rozbelesy, Czech Republic (hereafter referred to as the “Originator”). 


TARGOCF and the Originator are hereafter referred to as the “Parties”. 

WHEREAS: 
  

	(1)	TARGOCF as purchaser and the Originator as seller entered into a factoring agreement on 26 June 2015 (as amended and/or restated from time to time), pursuant to which the Originator sells certain receivables to
TARGOCF (the “Factoring Agreement”). 

  

	(2)	TARGOCF has also entered into a factoring agreement with Constellium Extrusions Deutschland GmbH, a limited liability company, with registered office at Bildstraße 4, 74564 Crailsheim, registered in the commercial
register (Handeisregister) of the local court (Amtsgericht) of Ulm under register number HRB 670619, on 16 December 2010, and has also entered into a factoring agreement with Constellium Valais S.A., Sierre, a
société anonyme incorporated under the laws of Switzerland with registered address at 3980 Sierre, registered under number CH-626.3.000.048-9., on
16 December 2010, and has also entered into a factoring agreement with Constellium Singen GmbH, a limited liability company, with registered office at Alusingen-Platz 1, 78224 Singen, registered in the commercial register
(Handelsregister) of the local court (Amtsgericht) of Freiburg under register number HRB 540034, on 16 December 2010 (amended and restated on 26 March 2014), and has also entered into a factoring agreement on 27 May 2016
with Constellium Rolled Products Singen GmbH & Co. KG, registered with the commercial register (Handelsregister) of the local court (Amtsgericht) of Freiburg i.Br., with registration number HRA 704399, having its registered
seat at Alusingen-Platz 1, 78224 Singen, Germany. 

 TARGOCF and the Originator have agreed to enter into this Agreement in order to amend the
Factoring Agreement in accordance with this Agreement. 
  

	1.	Definitions 

 Terms in italics have the meaning ascribed to them in the Factoring
Agreement, unless otherwise defined herein. 








	2.	Amendments to the Factoring Agreement 

 a) Schedule 1 (Terms and Conditions)
clause 3. a), b) and d) shall be amended and read as follows: 
  

	 	3.	Financing Commission Reference Rate; Fees; Commission: 

 a) Financing Commission
Reference Rate (see Clause 4.1); 3 months EURIBOR + 1.20 % p.a., paid monthly and calculated on the last Business Day of each month for the following month. 

If the 3 months EURIBOR is 0% or below 0%, the Interest Rate is 1.20 % p.a. 

Interest is stated exclusive of applicable VAT. 

b) Unused Facility Fee: 0.5% p.a. of the amount of the available but unused amount of the Settlement Account. 

d) Factoring Commission and Administration Fee (see Clauses 4.1 and 8.3): 0.095% calculated on the volume of the Receivables. 

b) Schedule 1 (Terms and Conditions) clause 4. shall be amended in whole and read as follows: 

 

	 	4.	Maximum Commitment: 

 “TARGOCF will set a maximum limit for each of
Constellium Singen GmbH, Constellium Extrusions Deutschland GmbH, Constellium Valais S.A, Constellium Extrusions Děčin s.r.o., Constellium Rolled Products Singen GmbH & Co. KG, whereby the total aggregate Maximum Commitment
under the respective factoring agreements between TARGOCF and Constellium Singen GmbH, Constellium Extrusions Deutschland GmbH, Constellium Valais S.A., Constellium Extrusions Děčin s.r.o. and Constellium Rolled Products Singen
GmbH & Co. KG amounts to 150.000.000.00 EUR (one hundred fifty million Euro) and the Maximum Commitment for Constellium Extrusions Děčin s.r.o. may not exceed 15.000.000,00 EUR (fifteen million Euro). The respective
Maximum Commitment can be changed upon request of the respective originator(s).” 
 c) Schedule 1 (Terms and Conditions) clause
6. shall be amended in whole and read as follows: 
  

	 	6.	Termination Date: 29 October 2021 

 In all other respects the provisions of the Factoring
Agreement shall remain unaffected. 








	3.	PARTIAL INVALIDITY; WAIVER 

  

	3.1	Invalidity 

 If any provision of this Agreement should be or become invalid or
unenforceable in whole or in part, this shall not affect the validity or enforceability of the remaining provisions hereof. The invalid or unenforceable provision shall be deemed replaced by that provision which best meets the intent and the
economic purpose of the void or unenforceable provision. 
  

	3.2	Waiver 

 No failure to exercise, nor any delay in exercising, on the part of the
Originator or TARGOCF, any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any right or remedy. The rights
and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by law. 
  

	4.	Effective Date 

 This Agreement shall become effective immediately once it is executed by
the Parties. 
  

	5.	APPLICABLE LAW; JURISDICTION 

  

	5.1	Applicable Law 

 This Agreement and all obligations arising out of or in connection with
this Agreement shall be governed by and construed in accordance with the laws of the Federal Republic of Germany. 
  

	5.2	German Courts 

 The courts of Mainz have exclusive jurisdiction to settle any dispute
arising out of or in connection with this Agreement (including a dispute regarding the existence, validity or termination of this Agreement or the consequences of its nullity). 







 SIGNATORIES 

TARGO Commercial Finance AG 
  

							
		 	 




  
	 		 	 




  

	 Signed by:
	 	 




	 		 	 





	 Title:
	 	 




	 		 	 






 Constellium Extrusions Decfn s.r.o. 
  

							
		 	 /s/ MARK KIRKLAND
	 		 	  

	 Signed by:
	 	MARK KIRKLAND	 		 	
	 Title:
	 	GROUP TREASURER & AUTHORISED SIGNATORY