Document:

FIRST AMENDMENT TO FIRST AMENDED REVOLVING CREDIT AGREEMENT

  
 Exhibit 10.4

  
 FIRST AMENDMENT TO FIRST AMENDED AND RESTATED
REVOLVING CREDIT 
 AND SECURITY AGREEMENT 
  
 First Amendment to First Amended and Restated Revolving Credit and Security Agreement, dated the 9th day of December, 2004,
by and among IMCO Recycling Inc., a Delaware corporation (“IMCO”), IMCO Investment Company, a Delaware corporation (“IMCO Investment”), IMCO Management Partnership, L.P., a Texas limited partnership (“IMCO Management”),
IMCO Energy Corp., a Delaware corporation (“IMCO Energy”), IMCO Recycling of Indiana Inc., a Delaware corporation (“IMCO Recycling of Indiana”), IMCO Recycling of Illinois Inc., an Illinois corporation (“IMCO Recycling of
Illinois”), Alchem Aluminum, Inc., a Delaware corporation (“Alchem”), IMCO Recycling of Michigan L.L.C., a Delaware limited liability company (“IMCO Recycling of Michigan”), IMSAMET, Inc., a Delaware corporation
(“IMSAMET”), IMCO Recycling of Idaho Inc., a Delaware corporation (“IMCO Recycling of Idaho”), Rock Creek Aluminum, Inc., an Ohio corporation (“Rock Creek”), IMCO Recycling of Utah Inc., a Delaware corporation
(“IMCO Recycling of Utah”), Alchem Aluminum Shelbyville Inc., a Delaware corporation (“Alchem Shelbyville”), Interamerican Zinc, Inc., a Delaware corporation (“Interamerican”), U.S. Zinc Corporation, a Delaware
corporation (“U.S. Zinc”), Gulf Reduction Corporation, a Delaware corporation (“Gulf Reduction”), Midwest Zinc Corporation, a Delaware corporation (“Midwest Zinc”), MetalChem, Inc., a Pennsylvania corporation
(“MetalChem”), Western Zinc Corporation, a California corporation (“Western Zinc”), U.S. Zinc Export Corporation, a Texas corporation (“U.S. Zinc Export”), IMCO Recycling of California, Inc., a Delaware corporation
(“IMCO Recycling of California”), Indiana Aluminum Inc., an Indiana corporation (“Indiana Aluminum”), IMCO Recycling of Ohio Inc., a Delaware corporation (“IMCO Recycling of Ohio”), IMCO Recycling Services Company, a
Delaware corporation (“IMCO Recycling Services”), IMCO International, Inc., a Delaware corporation (“IMCO International”), Commonwealth Industries, Inc., a Delaware corporation (“Commonwealth), CI Holdings, LLC, a Delaware
limited liability company (“CI Holdings”), CA Lewisport, LLC, a Delaware limited liability company (“CA Lewisport”), Commonwealth Aluminum Concast, Inc., an Ohio corporation (“Commonwealth Concast”), Commonwealth
Aluminum Sales Corporation, a Delaware corporation (“Commonwealth Sales”), Commonwealth Aluminum Lewisport, LLC, a Delaware limited liability company (“Commonwealth Lewisport”), Commonwealth Aluminum, LLC, a Delaware limited
liability company (“Commonwealth LLC”), Commonwealth Aluminum Metals, LLC, a Delaware limited liability company (“Commonwealth Metals”), and Silver Fox Holding Company, a Delaware corporation (“Silver Fox Holding”)
(IMCO, IMCO Investment, IMCO Management, IMCO Energy, IMCO Recycling of Indiana, IMCO Recycling of Illinois, Alchem, IMCO Recycling of Michigan, IMSAMET, IMCO Recycling of Idaho, Rock Creek, IMCO Recycling of Utah, Alchem Shelbyville, Interamerican,
U.S. Zinc, Gulf Reduction, Midwest Zinc, MetalChem, Western Zinc, U.S. Zinc Export, IMCO Recycling of California, Indiana Aluminum, IMCO Recycling of Ohio, IMCO Recycling Services, IMCO International, Commonwealth, CI Holdings, CA Lewisport,
Commonwealth Concast, Commonwealth Sales, Commonwealth Lewisport, Commonwealth LLC, Commonwealth Metals and Silver Fox Holding are each a “Borrower”, and collectively the “Borrowers”), each of the Guarantors (as listed on the
signature pages hereto), PNC Bank, National Association (“PNC”), Citicorp USA, Inc. (“CUSA”), Deutsche Bank Trust Company Americas (“DB”) (PNC, CUSA, DB and each other lender listed on the signature pages hereto are
each a “Lender” and collectively, the 

  

 
“Lenders”), PNC, as administrative agent and syndication agent for the Lenders (in such capacity, the “Administrative Agent”), CUSA, as
collateral agent and co-documentation agent for the Lenders (the “Collateral Agent”), DB, as co-documentation agent for the Lenders (a “Co-Documentation Agent”), National City Business Credit, Inc. (“NCBC”), as
co-documentation agent for the Lenders (a “Co-Documentation Agent”) and Key Bank National Association (“Key”), as co-documentation agent for the Lenders (a “Co-Documentation Agent” and together with CUSA, DB and NCBC,
the “Co-Documentation Agents”) (the “First Amendment”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Borrowers (excluding Commonwealth, CI Holdings, CA Lewisport, Commonwealth Concast, Commonwealth Sales, Commonwealth Lewisport, Commonwealth
LLC, Commonwealth Metals and Silver Fox Holding), the Guarantors, the Lenders, the Administrative Agent, the Collateral Agent and the Co-Documentation Agents entered into that certain First Amended and Restated Revolving Credit and Security
Agreement, dated December 9, 2004, pursuant to which, among other things, the Lenders agreed to extend credit to the Borrowers (excluding Commonwealth, CI Holdings, CA Lewisport, Commonwealth Concast, Commonwealth Sales, Commonwealth Lewisport,
Commonwealth LLC, Commonwealth Metals and Silver Fox Holding) in an aggregate principal amount not to exceed Three Hundred Twenty Five Million and 00/100 Dollars ($325,000,000.00) (the “Credit Agreement”); and 
  
 WHEREAS, the Borrowers and the Guarantors desire to amend certain provisions
of the Credit Agreement and the Lenders and the Administrative Agent desire to permit such amendments pursuant to the terms and conditions set forth herein. 
  
 NOW, THEREFORE, in consideration of the premises contained herein and other valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows: 
  
 1. All capitalized terms used herein which are defined in the Credit Agreement shall have the same meaning herein as in the Credit Agreement unless the context clearly indicates otherwise. 
  
 2. Section 1.2 of the Credit Agreement is hereby amended by deleting the
following definitions in their entirety and in their stead inserting the following: 
  
 “Borrower” shall mean IMCO, Alchem, Alchem Shelbyville, Gulf Reduction, IMCO Energy, IMCO International, IMCO Investment,
IMCO Management, IMCO Recycling of California, IMCO Recycling of Idaho, IMCO Recycling of Illinois, IMCO Recycling of Indiana, IMCO Recycling of Michigan, IMCO Recycling of Ohio, IMCO Recycling of Utah, IMCO Recycling Services, IMSAMET, Indiana
Aluminum, Interamerican, MetalChem, Midwest Zinc, Rock Creek, U.S. Zinc, U.S. Zinc Export, Western Zinc, Commonwealth, CI Holdings, CA Lewisport, Commonwealth Concast, Commonwealth Sales, 

  

 - 2 - 

 
Commonwealth Lewisport, Commonwealth LLC, Commonwealth Metals, Silver Fox Holding and any other person who may hereafter become a party hereto and
“Borrowers” shall collectively mean all such Persons. 
  
 “Pledge Agreement” shall mean (i) the Pledge Agreement executed and delivered by IMCO to the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding
Capital Stock of IMCO Investment, IMCO Energy, IMCO Recycling of Indiana, IMCO Recycling of Illinois, Alchem, IMSAMET, Rock Creek, Alchem Shelbyville, Interamerican, U.S. Zinc, IMCO Recycling of California, IMCO Recycling of Ohio, IMCO Recycling
Services and IMCO International; (ii) the Pledge Agreement executed and delivered by IMCO and IMCO Investment to the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding partnership interests of IMCO
Management; (iii) the Pledge Agreement executed and delivered by IMCO and Alchem to the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding membership interests of IMCO Recycling of Michigan; (iv)
the Pledge Agreement executed and delivered by IMSAMET to the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding Capital Stock of IMCO Recycling of Idaho and IMCO Recycling of Utah; (v) the Pledge
Agreement executed and delivered by U.S. Zinc to the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding Capital Stock of Gulf Reduction, Midwest Zinc, MetalChem, Western Zinc and U.S. Zinc Export;
(vi) the Pledge Agreement executed and delivered by IMCO Recycling of California to the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding Capital Stock of Indiana Aluminum; (vii) the Pledge
Agreement executed and delivered by IMCO to the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding Capital Stock of Silver Fox Holding, (viii) the Pledge Agreement executed and delivered by Silver
Fox Holding to the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding Capital Stock of Commonwealth; (ix) the Pledge Agreement executed and delivered by Commonwealth to the Administrative Agent for
the benefit of the Lenders with respect to all of the issued and outstanding membership interests of CI Holdings and CA Lewisport; (x) the Pledge Agreement executed and delivered by CI Holdings to the Administrative Agent for the benefit of the
Lenders with respect to all of the issued and outstanding Capital Stock of Commonwealth Concast; (xi) the Pledge Agreement executed and delivered by CA Lewisport to the 

  

 - 3 - 

 
Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding Capital Stock of Commonwealth Sales; (xii) the Pledge
Agreement executed and delivered by CA Lewisport to the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding membership interests of Commonwealth Lewisport; (xiii) the Pledge Agreement executed and
delivered by Commonwealth Concast to the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding membership interests of Commonwealth LLC; (xiv) the Pledge Agreement executed and delivered by
Commonwealth Lewisport to the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding membership interests of Commonwealth Metals; (xv) the Pledge Agreement executed and delivered by Commonwealth LLC to
the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding membership interests of Commonwealth Lewisport; (xvi) the Pledge Agreement executed and delivered by IMCO International to the Administrative
Agent for the benefit of the Lenders with respect to sixty-five percent (65%) of the issued and outstanding partnership interests of Dutch Aluminum C.V., a Netherlands partnership; (xvii) any other Pledge Agreement executed and delivered by any Loan
Party to the Administrative Agent for the benefit of the Lenders with respect to all of the issued and outstanding Capital Stock, partnership interests, or membership interests, as the case may be, of any other Domestic Subsidiary of such Loan
Party; and (xviii) any other Pledge Agreement executed and delivered by any Loan Party to the Administrative Agent for the benefit of the Lenders with respect to sixty-five percent (65%) of the issued and outstanding Capital Stock, partnership
interests, or membership interests, as the case may be, of any other Foreign Subsidiary of such Loan Party, together with all amendments, supplements, modifications, substitutions and replacements thereto and thereof and “Pledge
Agreements” means collectively, all such Pledge Agreements. 
  
 3. The last sentence of Section 2.9(a) of the Credit Agreement is hereby deleted in its entirety and in its stead is inserted the following: 
  
 As of the date hereof, those letters of credit set forth on Schedule 2.9 attached hereto and made a part hereof, which were issued
pursuant to the Existing Credit Agreement and the Commonwealth Existing Credit Agreement by the Administrative Agent and are outstanding on the date hereof (the “Existing Letters of Credit”), are hereby deemed to be Letters of Credit
issued and outstanding hereunder. 
  

 - 4 - 

 4. Clause (c) of Section 9.2 of the Credit Agreement is hereby deleted in its entirety and in its stead
is inserted the following: 
  
 (c) Inventory
reports of the Borrowers, including, for Commonwealth, summaries of quantities on hand, the summary of inventory values used for the Borrowing Base Certificate and the current Platts Midwest LME report, and for IMCO, month-end inventory summary
schedules showing raw materials, work-in-process, finished goods, and by-products by location, 
  
 5. Section 6.13 of the Credit Agreement is hereby deleted in its entirety and in its stead is inserted the following: 
  
 6.13 Dissolution of Certain Subsidiaries. 
  

Not later than February 9, 2005, commence, or cause to be commenced, dissolution proceedings with respect to each of the following
entities: (i) IMCO Indiana Partnership L.P., an Indiana limited partnership, (ii) Pittsburg Aluminum, Inc., a Kansas corporation, (iii) IMCO Operations Services Company, a Delaware corporation, (iv) Commonwealth Aluminum Tube Enterprises, LLC, a
Delaware limited liability company, (v) Greencycle Holdings, LLC, a Delaware limited liability company, and (vi) Zer0waste, Inc., a Delaware corporation and such entities shall be dissolved in accordance with such proceedings. 
  
 6. The schedules to the Credit Agreement are hereby deleted in their entirety
and in their stead are inserted the schedules attached hereto as Exhibit “B”. 
  
 7. Exhibit 2.1(a) to the Credit Agreement is hereby deleted in its entirety and in its stead is inserted Exhibit 2.1(a) attached hereto. 
  
 8. Exhibit 2.16(d) to the Credit Agreement is hereby deleted in its entirety and in its stead is inserted Exhibit 2.16(d)
attached hereto. 
  
 9. The provisions of Section 2 through 8 of
this First Amendment shall not become effective until the Administrative Agent has received the following, each in form and substance acceptable to the Administrative Agent: 
  

	 	(a)	this First Amendment, duly executed by each Loan Party and each Lender; 

  

	 	(b)	the documents and conditions listed in the Preliminary Closing Agenda set forth on Exhibit A attached hereto and made a part hereof; 

  

	 	(c)	such other documents as may be reasonably requested by the Administrative Agent. 

  

 - 5 - 

 10. The Loan Parties hereby reconfirm and reaffirm all representations and warranties, agreements and
covenants made by and pursuant to the terms and conditions of the Credit Agreement, except as such representations and warranties, agreements and covenants may have heretofore been amended, modified or waived in writing in accordance with the Credit
Agreement or as set forth in this First Amendment or the exhibits attached hereto, and except any such representations or warranties made as of a specific date or time, which shall have been true and correct in all material respects as of such date
or time. 
  
 11. The Loan Parties acknowledge and agree that each
and every document, instrument or agreement which at any time has secured payment of the Obligations including, but not limited to, the Credit Agreement and the Pledge Agreements, continue to secure prompt payment when due of the Obligations.

  
 12. The Loan Parties hereby represent and warrant to the
Lenders and the Administrative Agent that (i) the Loan Parties have the legal power and authority to execute and deliver this First Amendment; (ii) the officers of the Loan Parties executing this First Amendment have been duly authorized to execute
and deliver the same and bind the Loan Parties with respect to the provisions hereof; (iii) the execution and delivery hereof by the Loan Parties and the performance and observance by the Loan Parties of the provisions hereof and of the Credit
Agreement and all documents executed or to be executed therewith, do not violate or conflict with the organizational documents of the Loan Parties or any law applicable to the Loan Parties or result in a breach of any provision of or constitute a
default under any other agreement, instrument or document binding upon or enforceable against the Loan Parties and (iv) this First Amendment, the Credit Agreement and the documents executed or to be executed by the Loan Parties in connection
herewith or therewith constitute valid and binding obligations of the Loan Parties in every respect, enforceable in accordance with their respective terms. 
  
 13. The Loan Parties represent and warrant that (i) no Event of Default exists under the Credit Agreement, nor will any occur as a result of the execution
and delivery of this First Amendment or the performance or observance of any provision hereof; and (ii) they presently have no claims or actions of any kind at law or in equity against the Lenders or the Administrative Agent arising out of or in any
way relating to the Credit Agreement or the Other Documents. 
  
 14. Each reference to the Credit Agreement that is made in the Credit Agreement or any other document executed or to be executed in connection therewith shall hereafter be construed as a reference to the Credit Agreement as amended hereby.

  
 15. The agreements contained in this First Amendment are
limited to the specific agreements made herein. Except as amended hereby, all of the terms and conditions of the Credit Agreement shall remain in full force and effect. This First Amendment amends the Credit Agreement and is not a novation thereof.

  
 16. This First Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument. 
  

 - 6 - 

 17. This First Amendment shall be governed by, and shall be construed and enforced in accordance with,
the Laws of the State of New York without regard to the principles or the conflicts thereof. The Loan Parties hereby consent to the jurisdiction and venue of any federal or state court located in the County of New York, State of New York with
respect to any suit arising out of or mentioning this First Amendment. 
  
 [INTENTIONALLY LEFT BLANK] 
  

 - 7 - 

 IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto, have caused this First
Amendment to be duly executed by their duly authorized officers on the day and year first above written. 
  

									
	 	 	 	 	BORROWERS:
			
	 ATTEST/WITNESS
	 	 	 	 IMCO RECYCLING INC.

					
	 By:
	 	 /s/ Christopher R. Clegg
	 	 	 	 By:
	 	 /s/ Sean M. Stack

					
	 Name:
	 	 Christopher R. Clegg
	 	 	 	 Name:
	 	 Sean M. Stack

					
	 Title:
	 	 Senior Vice President
	 	 	 	 Title:
	 	 Senior Vice President

  

									
	 	 	 	 	 IMCO INVESTMENT COMPANY
 IMCO RECYCLING OF INDIANA INC.
 IMCO ENERGY CORP.
 IMCO RECYCLING OF ILLINOIS INC.
 ALCHEM ALUMINUM, INC.
 INTERAMERICAN ZINC, INC.
 IMCO RECYCLING OF CALIFORNIA, INC.
 IMCO INTERNATIONAL, INC.
 IMCO RECYCLING OF OHIO INC.
 IMSAMET, INC.
 IMCO RECYCLING OF IDAHO INC.
 IMCO RECYCLING OF UTAH INC.
 ROCK CREEK ALUMINUM, INC.
 U.S. ZINC CORPORATION
 GULF REDUCTION CORPORATION
 MIDWEST ZINC CORPORATION
 METALCHEM, INC.
 U.S. ZINC EXPORT CORPORATION
 ALCHEM ALUMINUM SHELBYVILLE INC.
 INDIANA ALUMINUM INC.

	 ATTEST/WITNESS
	 	 	 	 IMCO RECYCLING SERVICES COMPANY
 WESTERN ZINC CORPORATION

					
	 By:
	 	 /s/ Christopher R. Clegg
	 	 	 	 By:
	 	 /s/ Sean M. Stack

					
	 Name:
	 	 Christopher R. Clegg
	 	 	 	 Name:
	 	 Sean M. Stack

					
	 Title:
	 	 Senior Vice President
	 	 	 	 Title:
	 	 Senior Vice President of each of the above-named entities

  

											
	 	 	 	 	 IMCO Recycling of Michigan, L.L.C.

			
	 ATTEST/WITNESS
	 	 	 	 By: IMCO Recycling Inc., its Manager

					
	 By:
	 	 /s/ Christopher R. Clegg
	 	 	 	 By:
	 	 /s/ Sean M. Stack

					
	 Name:
	 	 Christopher R. Clegg
	 	 	 	 Name:
	 	 Sean M. Stack

					
	 Title:
	 	 Senior Vice President
	 	 	 	 Title:
	 	 Senior Vice President

			
	 	 	 	 	 IMCO MANAGEMENT PARTNERSHIP L.P.

			
	 ATTEST/WITNESS
	 	 	 	 By: IMCO Recycling Inc., its General Partner

					
	 By:
	 	 /s/ Christopher R. Clegg
	 	 	 	 By:
	 	 /s/ Sean M. Stack

					
	 Name:
	 	 Christopher R. Clegg
	 	 	 	 Name:
	 	 Sean M. Stack

					
	 Title:
	 	 Senior Vice President
	 	 	 	 Title:
	 	 Senior Vice President

			
	 ATTEST/WITNESS
	 	 	 	 COMMONWEALTH INDUSTRIES, INC.

					
	 By:
	 	 /s/ Christopher R. Clegg
	 	 	 	 By:
	 	 /s/ Sean M. Stack

					
	 Name:
	 	 Christopher R. Clegg
	 	 	 	 Name:
	 	 Sean M. Stack

					
	 Title:
	 	 Senior Vice President
	 	 	 	 Title:
	 	 Senior Vice President

			
	 ATTEST/WITNESS
	 	 	 	 CI HOLDINGS, LLC

					
	 	 	 	 	 	 	 By:
	 	 Commonwealth Industries, Inc., its Sole Member

	 By:
	 	 /s/ Christopher R. Clegg
	 	 	 	 
						
	 Name:
	 	 Christopher R. Clegg
	 	 	 	 	 	 By:
	 	 /s/ Sean M. Stack

						
	 Title:
	 	 Senior Vice President
	 	 	 	 	 	 Name:
	 	 Sean M. Stack

						
	 	 	 	 	 	 	 	 	 Title:
	 	 Senior Vice President

  

											
	 ATTEST/WITNESS
	 	 	 	 COMMONWEALTH ALUMINUM
 CONCAST, INC.

					
	 By:
	 	 /s/ Christopher R. Clegg
	 	 	 	 By:
	 	 /s/ Sean M. Stack

					
	 Name:
	 	 Christopher R. Clegg
	 	 	 	 Name:
	 	 Sean M. Stack

					
	 Title:
	 	 Senior Vice President
	 	 	 	 Title:
	 	 Senior Vice President

			
	 ATTEST/WITNESS
	 	 	 	 COMMONWEALTH ALUMINUM SALES
 CORPORATION

					
	 By:
	 	 /s/ Christopher R. Clegg
	 	 	 	 By:
	 	 /s/ Sean M. Stack

					
	 Name:
	 	 Christopher R. Clegg
	 	 	 	 Name:
	 	 Sean M. Stack

					
	 Title:
	 	 Senior Vice President
	 	 	 	 Title:
	 	 Senior Vice President

			
	 ATTEST/WITNESS
	 	 	 	 COMMONWEALTH ALUMINUM
 LEWISPORT, LLC

					
	 By:
	 	 /s/ Christopher R. Clegg
	 	 	 	 By:
	 	 CA Lewisport, LLC, its Managing Member

					
	 Name:
	 	 Christopher R. Clegg
	 	 	 	 	 	 
					
	 Title:
	 	 Senior Vice President
	 	 	 	 By:
	 	 Commonwealth Industries, Inc., its Sole Member

						
	 	 	 	 	 	 	 	 	 By:
	 	 /s/ Sean M. Stack

						
	 	 	 	 	 	 	 	 	 Name:
	 	 Sean M. Stack

						
	 	 	 	 	 	 	 	 	 Title:
	 	 Senior Vice President

  

											
	 ATTEST/WITNESS
	 	 	 	 COMMONWEALTH ALUMINUM, LLC

					
	 	 	 	 	 	 	 By:
	 	 Commonwealth Aluminum Concast, Inc., its Sole Member

	 By:
	 	 /s/ Christopher R. Clegg
	 	 	 	 
						
	 Name:
	 	 Christopher R. Clegg
	 	 	 	 	 	 By:
	 	 /s/ Sean M. Stack

						
	 Title:
	 	 Senior Vice President
	 	 	 	 	 	 Name:
	 	 Sean M. Stack

						
	 	 	 	 	 	 	 	 	 Title:
	 	 Senior Vice President

			
	 ATTEST/WITNESS
	 	 	 	 COMMONWEALTH ALUMINUM METALS, LLC

					
	 By:
	 	 /s/ Christopher R. Clegg
	 	 	 	 By:
	 	 Commonwealth Aluminum Lewisport, LLC, its Sole Member

					
	 Name:
	 	 Christopher R. Clegg
	 	 	 	 	 	 
					
	 Title:
	 	 Senior Vice President
	 	 	 	 By:
	 	 CA Lewisport, LLC, its Managing Member

					
	 	 	 	 	 	 	 By:
	 	 Commonwealth Industries, Inc., its Sole Member

						
	 	 	 	 	 	 	 	 	 By:
	 	 /s/ Sean M. Stack

						
	 	 	 	 	 	 	 	 	 Name:
	 	 Sean M. Stack

						
	 	 	 	 	 	 	 	 	 Title:
	 	 Senior Vice President

			
	 ATTEST/WITNESS
	 	 	 	 SILVER FOX HOLDING COMPANY

					
	 By:
	 	 /s/ Christopher R. Clegg
	 	 	 	 By:
	 	 /s/ Sean M. Stack

					
	 Name:
	 	 Christopher R. Clegg
	 	 	 	 Name:
	 	 Sean M. Stack

					
	 Title:
	 	 Senior Vice President
	 	 	 	 Title:
	 	 Senior Vice President

  

			
	 Administrative Agent and Lenders:

	
	PNC Bank, National Association, as Lender and as Administrative Agent
		
	 By:
	 	 /s/ Timothy S. Culver

		
	 Name:
	 	 Timothy S. Culver

		
	 Title:
	 	 Vice President

	
	 Citicorp USA, Inc.

		
	 By:
	 	 /s/ David Jaffe

		
	 Name:
	 	 David Jaffe

		
	 Title:
	 	 Vice President

	
	 Deutsche Bank Trust Company Americas

		
	 By:
	 	 /s/ Mark E. Funk

		
	 Name:
	 	 Mark E. Funk

		
	 Title:
	 	 Managing Director

	
	 National City Business Credit, Inc.

		
	 By:
	 	 /s/ Gregory A. Steve

		
	 Name:
	 	 Gregory A. Steve

		
	 Title:
	 	 Managing Director

	
	Key Bank National Association
		
	 By:
	 	 /s/ Jason T. Sylvester

		
	 Name:
	 	 Jason T. Sylvester

		
	 Title:
	 	 Assistant Vice President

	
	 LaSalle Business Credit, LLC

		
	 By:
	 	 /s/ Susan M. Davis

		
	 Name:
	 	 Susan M. Davis

		
	 Title:
	 	 Vice President

  

			
	 Wachovia Bank, National Association

		
	 By:
	 	 /s/ Elizabeth L. Schoen

		
	 Name:
	 	 Elizabeth L. Schoen

		
	 Title:
	 	 Director

	
	Allied Irish Banks plc
		
	 By:
	 	 /s/ Martin S. Chin

		
	 Name:
	 	 Martin S. Chin

		
	 Title:
	 	 Vice President

	
	JPMorgan Chase Bank, N.A.
		
	 By:
	 	 /s/ David L. Carey

		
	 Name:
	 	 David L. Carey

		
	 Title:
	 	 VP

	
	The CIT Group/Business Credit, Inc.
		
	 By:
	 	 /s/ Juan R. Ramirez

		
	 Name:
	 	 Juan R. Ramirez

		
	 Title:
	 	 Assistant Vice President

	
	Wells Fargo Foothill, LLC
		
	 By:
	 	 /s/ Sanat S. Amladi

		
	 Name:
	 	 Sanat S. Amladi

		
	 Title:
	 	 Vice President

	
	General Electric Capital Corporation
		
	 By:
	 	 /s/ James O’Donnell

		
	 Name:
	 	 James O’Donnell

		
	 Title:
	 	 Duly Authorized Signatory

  

			
	 HSBC Business Credit (USA) Inc.

		
	By:	 	 /s/ Matthew W. Rickert

		
	 Name:
	 	 Matthew W. Rickert

		
	 Title:
	 	 Assistant Vice President

	
	 Merrill Lynch Capital, a division of Merrill
 Lynch Business Financial Services, Inc.

		
	By:	 	 /s/ Tom Bukowski

		
	 Name:
	 	 Tom Bukowski

		
	 Title:
	 	 Director

	
	 US Bank, National Association

		
	By:	 	 /s/ Jeffrey A. Kessler

		
	 Name:
	 	 Jeffrey A. Kessler

		
	 Title:
	 	 Vice President

	
	 Fifth Third Bank

		
	By:	 	 /s/ Mike Ehlert

		
	 Name:
	 	 Mike Ehlert

		
	 Title:
	 	 Vice President

	
	 Webster Business Credit Corporation

		
	By:	 	 /s/ Alan F. McKay

		
	 Name:
	 	 Alan F. McKay

		
	 Title:
	 	 Vice President

  

  
 EXHIBIT A 

 
 Preliminary Closing Agenda 
  
 See Attached 
  

  
 EXHIBIT B 

 
 Amended and Restated Schedules to the Credit Agreement 

 
 See AttachedASSUMPTION AGREEMENT

  
 Exhibit 10.5

  
 ASSUMPTION AGREEMENT 
  
 ASSUMPTION AGREEMENT, dated as of December 9, 2004, between IMCO Recycling
Inc., a Delaware corporation (“IMCO Recycling”), and Alchem Aluminum, Inc., a Delaware corporation, Alchem Aluminum Shelbyville Inc., a Delaware corporation, Gulf Reduction Corporation, a Delaware corporation, IMCO Energy Corp., a
Delaware corporation, IMCO Indiana Partnership L.P., a Indiana limited partnership, IMCO International, Inc., a Delaware corporation, IMCO Investment Company, a Delaware corporation, IMCO Management Partnership L.P., a Texas limited partnership,
IMCO Operations Services Company, a Delaware corporation, IMCO Recycling of California, Inc., a Delaware corporation, IMCO Recycling of Idaho Inc., a Delaware corporation, IMCO Recycling of Illinois Inc., a Illinois corporation, IMCO Recycling of
Indiana Inc., a Delaware corporation, IMCO Recycling of Michigan L.L.C., a Delaware limited liability company, IMCO Recycling of Ohio Inc., a Delaware corporation, IMCO Recycling of Utah Inc., a Delaware corporation, IMCO Recycling Services Company,
a Delaware corporation, IMSAMET, Inc., a Delaware corporation, Indiana Aluminum Inc., an Indiana corporation, Interamerican Zinc, Inc., a Delaware corporation, MetalChem, Inc., a Pennsylvania corporation, Midwest Zinc Corporation, a Delaware
corporation, Pittsburg Aluminum, Inc., a Kansas corporation, Rock Creek Aluminum, Inc., an Ohio corporation, Silver Fox Holding Company, a Delaware corporation, U.S. Zinc Corporation, a Delaware corporation, U.S. Zinc Export Corporation, a Texas
corporation, Western Zinc Corporation, a California corporation, Commonwealth Industries, Inc., a Delaware corporation, CA Lewisport, LLC, a Delaware limited liability company, CI Holdings, LLC, a Delaware limited liability company, Commonwealth
Aluminum, LLC, a Delaware limited liability company, Commonwealth Aluminum Concast, Inc., an Ohio corporation, Commonwealth Aluminum Lewisport, LLC, a Delaware limited liability company, Commonwealth Aluminum Metals, LLC, a Delaware limited
liability company, Commonwealth Aluminum Sales Corporation, a Delaware corporation, and Commonwealth Aluminum Tube Enterprises, LLC, a Delaware limited liability company, Greencycle Holdings, LLC, a Kentucky limited liability company, Zer0waste,
Inc., a Delaware corporation (each a “Guarantor” and collectively, the “Guarantors”) and IMCO Recycling Escrow Inc., a Delaware corporation (“Escrow Corp”). 
  
 W I T N E S S E T H : 
  
 WHEREAS, Escrow Corp and LaSalle Bank National Association, as trustee (the
“Trustee”) executed and delivered an Indenture, dated as of November 4, 2004 (as heretofore amended and supplemented, the “Indenture”), providing for the issuance of the 9% Senior Notes due 2014 (the
“Securities”); 
  
 WHEREAS, concurrently
herewith, IMCO Recycling and the Guarantors are executing and delivering to the Trustee, pursuant to Sections 5.02, 8.02 and 10.01(c) of the Indenture, a Supplemental Indenture, dated as of the date hereof, pursuant to which IMCO Recycling is
assuming Escrow Corp’s obligations under the Indenture and the Securities and the Guarantors are guaranteeing IMCO Recycling’s obligations under the Indenture and the Securities; 
  

 - 1 - 

 WHEREAS, Escrow Corp is a party to each of (i) the Escrow Agreement, dated as of November 4, 2004 (the
“Escrow Agreement”), between Escrow Corp and LaSalle Bank National Association, as escrow agent, and (ii) the Purchase Agreement, dated October 29, 2004 by and among Deutsche Bank Securities Inc., Citigroup Global Markets Inc., PNC
Capital Markets, Inc., McDonald Investments Inc., NatCity Investments, Inc., Wachovia Capital Markets, LLC and ABN AMRO Incorporated as initial purchasers (the “Initial Purchasers”), Escrow Corp and IMCO Recycling (the
“Purchase Agreement” and together with the Escrow Agreement, the “Assumed Agreements”); 
  
 WHEREAS, IMCO Recycling and the Guarantors desire to assume all of Escrow Corp’s right, title and interest thereto and liabilities and obligations
thereunder; and 
  
 WHEREAS, this Assumption Agreement has been
duly authorized by all necessary corporate action on the part of each of IMCO Recycling, Escrow Corp and the Guarantors. 
  
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt of which is hereby acknowledged, IMCO
Recycling, the Guarantors and Escrow Corp each covenant and agree: 
  
 Assumption 
  
 Assumption. IMCO Recycling
and the Guarantors, jointly and severally hereby agree to assume, pay, perform and observe all covenants, agreements, liabilities and obligations of Escrow Corp under each of the Assumed Agreements. 
  
 Further Assurances. Each of Escrow Corp, the Guarantors and IMCO
Recycling shall execute such additional documents and instruments and take such further action as may be reasonably required or desirable to carry out the provisions hereof. 
  
 Miscellaneous 
  
 Severability. In case any provision in this Assumption Agreement shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
  
 Governing Law. This Assumption Agreement shall be governed by, and construed in accordance with, the laws of the State of New York but without
giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby. 
  
 Multiple Originals. The parties may sign any number of copies of this Assumption Agreement, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. 
  

 - 2 - 

 Headings. The Article and Section headings herein are inserted for convenience of reference only,
are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Assumption Agreement to be duly executed as of the date first written above. 
  

					
	 IMCO RECYCLING INC.

		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

	
	 IMCO RECYCLING ESCROW INC.

		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

  

 - 3 - 

					
	
	 ALCHEM ALUMINUM, INC.
 ALCHEM ALUMINUM SHELBYVILLE INC.
 GULF REDUCTION CORPORATION
 IMCO ENERGY CORPORATION
 IMCO INTERNATIONAL, INC.
 IMCO INVESTMENT COMPANY
 IMCO OPERATIONS SERVICES COMPANY
 IMCO RECYCLING OF CALIFORNIA, INC.
 IMCO RECYCLING OF IDAHO INC.
 IMCO RECYCLING OF ILLINOIS INC.
 IMCO RECYCLING OF INDIANA INC.
 IMCO RECYCLING OF OHIO INC. IMCO
 RECYCLING OF UTAH INC. IMCO
 RECYCLING SERVICES COMPANY
 IMSAMET, INC.
 INDIANA ALUMINUM INC.
 INTERAMERICAN ZINC, INC.
 METALCHEM, INC.
 MIDWEST ZINC CORPORATION
 PITTSBURG ALUMINUM, INC.
 ROCK CREEK ALUMINUM, INC.
 SILVER FOX HOLDING COMPANY
 U.S. ZINC CORPORATION
 U.S. ZINC EXPORT CORPORATION
 WESTERN ZINC CORPORATION

		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

	
	 IMCO MANAGEMENT PARTNERSHIP L.P.

		
	By:	 	IMCO Recycling Inc., its general partner
		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

  

 - 4 - 

					
	
	 IMCO INDIANA PARTNERSHIP L.P.

		
	By:	 	IMCO Energy Corp., its general partner
		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

	
	 IMCO RECYCLING OF MICHIGAN LLC

		
	By:	 	IMCO Recycling Inc., its manager
		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

	
	 COMMONWEALTH INDUSTRIES, INC.

		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

	
	 ZER0WASTE, INC.
 COMMONWEALTH ALUMINUM
 CONCAST, INC.
 COMMONWEALTH ALUMINUM SALES
 CORPORATION

		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

  

 - 5 - 

					
	CA LEWISPORT, LLC
		
	By:	 	Commonwealth Industries, Inc., its sole member
		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

	
	CA HOLDINGS, LLC
		
	By:	 	Commonwealth Industries, Inc., its sole member
		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

	
	COMMONWEALTH ALUMINUM, LLC
		
	By:	 	Commonwealth Aluminum Concast, Inc., its sole member
		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

	
	 COMMONWEALTH ALUMINUM
 LEWISPORT,
LLC

		
	By:	 	CA Lewisport, LLC, its managing member
		
	By:	 	Commonwealth Industries, Inc., its sole member
		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

  

 - 6 - 

					
	 COMMONWEALTH ALUMINUM
 METALS, LLC

		
	By:	 	Commonwealth Aluminum Lewisport, LLC, its sole member
		
	By:	 	CA Lewisport, LLC, its managing member
		
	By:	 	Commonwealth Industries, Inc., its sole member
		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

	
	 COMMONWEALTH ALUMINUM TUBE
 ENTERPRISES, LLC

		
	By:	 	Commonwealth Aluminum Concast, Inc. its sole member
		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

	
	 GREENCYCLE HOLDINGS, LLC

		
	By:	 	Zer0waste, Inc., its sole member
		
	By:	 	 /s/ Sean M. Stack

	 	 	 Name:
	 	 Sean M. Stack

	 	 	 Title:
	 	 Senior Vice President

  

 - 7 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00075-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00075-of-00352.parquet"}]]