Document:

EX-10.39

Exhibit 10.39

JOINDER AGREEMENT

     Reference is made to the Credit Agreement, dated as of July 6, 2007 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”),
among NOVELIS INC., a corporation formed under the Canada Business Corporations Act (the
“Canadian Borrower”), NOVELIS CORPORATION, a Texas corporation, and the other U.S.
subsidiaries of the Canadian Borrower signatory thereto as borrowers, NOVELIS UK LTD., a limited
liability company incorporated under the laws of England and Wales with registered number
00279596, and NOVELIS AG, a stock corporation (AG) organized under the laws of Switzerland, AV
ALUMINUM INC., a corporation formed under the Canada Business Corporations Act, the Subsidiary
Guarantors (such term and each other capitalized term used but not defined herein having the
meaning given to it in the Credit Agreement), the Lenders, ABN AMRO BANK N.V., as U.S./European
issuing bank, as swingline lender, as administrative agent for the Lenders, LASALLE BUSINESS
CREDIT, LLC, as funding agent and as collateral agent for the Secured Parties and the Issuing
Bank, UBS Securities LLC, as syndication agent, Bank of America, N.A., National City Business
Credit, Inc. and Cit Business Credit Canada Inc., as documentation agents, ABN AMRO BANK N.V.
Canada Branch, as Canadian administrative agent, Canadian funding agent and Canadian issuing bank
and ABN AMRO INCORPORATED and UBS SECURITIES LLC, as joint lead arrangers and joint bookmanagers.

WITNESSETH:

     WHEREAS, the Guarantors have entered into the Credit Agreement and the applicable Security
Documents in order to induce the Lenders to make the Loans and the Issuing Bank to issue Letters of
Credit to or for the benefit of the Borrowers;

     WHEREAS, pursuant to Section 5.11(b) of the Credit Agreement, certain Subsidiaries that are
required to become a Loan Party are required to become Guarantors under the Credit Agreement by
executing a Joinder Agreement. NOVELIS PAE S.A.S. (the “New Guarantor”) is executing this
joinder agreement (“Joinder Agreement”) to the Credit Agreement in order to induce the
Lenders to make additional Revolving Loans and the Issuing Bank to issue Letters of Credit and as
consideration for the Loans previously made and Letters of Credit previously issued.

     NOW, THEREFORE, the Administrative Agent, Collateral Agent and the New Guarantor hereby agree
as follows:

     1. Guarantee. In accordance with Section 5.11 (b) of the Credit Agreement, the New
Guarantor by its signature below becomes a Guarantor under the Credit Agreement with the same
force
and effect as if originally named therein as a Guarantor, subject to the limitations set forth
in Clause 2 herein.

     2. Guarantee Limitations.

          (a) The obligations and liabilities of the New Guarantor under the Credit Documents and in
particular under Article VII (Guarantee) of the Credit Agreement shall not include any obligation
or liability which if incurred would constitute the provision of financial assistance within the
meaning of article L. 225-216 of the French Code de commerce and/or would constitute a misuse of
corporate assets within the meaning of article L. 241-3 or L. 242-6 of the French Code de commerce
or any other laws or regulations having the same effect, as interpreted by French courts.

          
1

 

          (b) The obligations and liabilities of the New Guarantor under Article VII
(Guarantee) of the Credit Agreement for the obligations under the Credit Documents of any
other
Guarantor which is not a Subsidiary of the New Guarantor, shall be limited at any time to an
amount
equal to the aggregate of all amounts borrowed under the Credit Agreement by such other
Guarantor as
Borrower to the extent directly or indirectly on-lent to the New Guarantor under inter-company
loan
agreements and outstanding at the date a payment is to be made by the New Guarantor under
Article VII
(Guarantee) of the Credit Agreement, it being specified that any payment made by the New
Guarantor
under Article VII (Guarantee) of the Credit Agreement in respect of the obligations of such
Guarantor as
Borrower shall reduce pro tanto the outstanding amount of the inter-company loans due by the
New
Guarantor under the inter-company loan arrangements referred to above.

          (c) The obligations and liabilities of the New Guarantor under Article VII
(Guarantee) of the Credit Agreement for the obligations under the Credit Documents of any
Guarantor
which is its Subsidiary shall not be limited and shall therefore cover all amounts due by such
Guarantor
as Borrower and/or as Guarantor, as applicable. However, where such Subsidiary is not
incorporated in
France, the amounts payable by the New Guarantor under this paragraph (c) in respect of
obligations of
this Subsidiary as Guarantor, shall be limited as set out in paragraph (b) above.

     3. Representations and Warranties. The New Guarantor hereby (a) agrees to all the terms
and provisions of the Credit Agreement applicable to it as a Guarantor thereunder (subject to
the
limitations set forth in Clause 2 herein) and (b) represents and warrants that the
representations and
warranties made by it as a Guarantor thereunder are true and correct in all material respects
(except that
any representation and warranty that is qualified as to “materiality” or “Material Adverse
Effect” shall be
true and correct in all respects) on and as of the date hereof, except to the extent such
representations and
warranties expressly relate to an earlier date, in which case such representation and warranty
shall have
been true and correct in all material respects (or, in the case of any representation and
warranty that is
qualified as to “materiality” or “Material Adverse Effect”, true and correct in all respects)
as of such
earlier date. Each reference to a Guarantor in the Credit Agreement shall be deemed to include
the New
Guarantor. The New Guarantor hereby agrees to supplement each of the schedules to the
Credit
Agreement and the Perfection Certificates applicable to it in accordance with Section 9
hereof.

     4. Severability. Any provision of this Joinder Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such
prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such
prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such
provision in any other jurisdiction.

     5. Counterparts. This Joinder Agreement may be executed in counterparts, each of which
shall constitute an original. Delivery of an executed signature page to this Joinder
Agreement by
facsimile transmission shall be as effective as delivery of a manually executed counterpart of
this Joinder Agreement.

     6. No Waiver. Except as expressly supplemented hereby, the Credit Agreement shall
remain in full force and effect.

     7. Notices. All notices, requests and demands to or upon the New Guarantor, any Agent or
any Lender shall be governed by the terms of Section 11.01 of the Credit Agreement.

     8. Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO

2

 

CONFLICTS OF LAWS PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION.

     9. Certain Agreements. The New Guarantor hereby agrees that it shall take each action
and deliver each of the documents set forth on Exhibit I, each within the number of days set forth
on such Exhibit.

[Signature Pages Follow]

3

 

     IN WITNESS WHEREOF, the undersigned have caused this Joinder Agreement to be duly executed and
delivered by their duly authorized officers as of the day and year first above written.

     Signed on September 12th, 2008

     In two (2) original copies

	 	 	 	 	 
	 	NOVELIS PAE S.A.S.

 	 
	 	By:  	/s/ P. Charlier
 	 
	 	 	Name:  	P. CHARLIER 	 
	 	 	Title:  	PRESIDENT

 	 
	 	

Address for Notices:

Novelis PAE S.A.S.
 725
rue Aristide Bergès

38340 Voreppe 
France

 	 

	 	 	 	 	 
	 	
LASALLE BUSINESS CREDIT, LLC, as 
Funding Agent

 	 
	 	By:  	/s/ Peter M. Walther
 	 
	 	 	Name:  	Peter M. Walther 	 
	 	 	Title:  	First Vice President
 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 	

Address for Notices:

LaSalle Business Credit, LLC,

as Funding Agent for

135 South LaSalle Street, Suite 465

Chicago, IL 60603, USA

Attn: Client Manager

 	 

Novelis PAE S.A.S. Joinder Agreement (ABL)

4

 

Exhibit I 

Obligations of New Guarantor

1.
(i) Deliver to the Collateral Agent (such term as referenced in this Exhibit I to include
successor
Agents under Section 10.06 of the Credit Agreement), within 30 days of the date hereof (or by such
later
date as may be agreed to in writing by the Collateral Agent in its sole discretion) a bank accounts
pledge
agreement in respect of each of the cash accounts the New Guarantor maintains with depositary bank
or
banks, in form and substance satisfactory to the Administrative Agent and the Collateral Agent and
(ii)
deliver to the depositary bank or banks acknowledgments evidencing such accounts pledge agreements
in
favor of the Collateral Agent in respect of each of the cash accounts of the New Guarantor, each in
form
and substance acceptable to the Collateral Agent.

2. Within 30 days of the date hereof (or by such later date as may be agreed to in writing by the
Collateral Agent in its sole discretion) deliver a pledge of receivables held by the New Guarantor,
in form
and substance satisfactory to the Funding Agent (such term as referenced in this Exhibit I to
include
successor Agents under Section 10.06 of the Credit Agreement) and the Collateral Agent and
subsequently enter into supplemental receivables pledge agreements in form and substance
satisfactory to
the Funding Agent and the Collateral Agent as may be necessary.

3. Within 30 days of the date hereof (or by such later date as may be agreed to in writing by the
Collateral Agent in its sole discretion) deliver a pledge of stock held by the New Guarantor, in
form and
substance satisfactory to the Funding Agent and the Collateral Agent.

4. Within 30 days of the date hereof (or by such later date as may be agreed to in writing by the
Collateral Agent in its sole discretion ) deliver a pledge over going concern with regard to the
New
Guarantor, in form and substance satisfactory to the Funding Agent and the Collateral Agent in
addition
to any ancillary documents or instruments needed to perfect or record the security interest granted
thereunder under the laws of the Unites States, Canada, the United Kingdom, Germany, and
Switzerland.

5. Within 30 days of request thereof by the Funding Agent or the Collateral Agent (or by such later
date
as may be agreed to in writing by the Collateral Agent or the Funding Agent, as applicable, in its
sole
discretion) take all other actions requested by the Funding Agent or the Collateral Agent to cause
the
Liens created by the Security Documents executed by the New Guarantor in connection with this
Joinder
Agreement to be duly perfected in accordance with all applicable Requirements of Law in accordance
with (and subject to the limitations set forth in) Section 5.1 l(b) of the Credit Agreement.

6. Deliver, within 30 days of the date hereof (or by such later date as may be agreed to in writing
by the
Collateral Agent in its sole discretion), each in form and substance acceptable to the Collateral
Agent,
supplements to each of the schedules to the Credit Agreement and the Perfection Certificates
applicable to
it (each as referred to in Clause 3 of the Joinder Agreement).

5EX-10.40

Exhibit 10.40

JOINDER
AGREEMENT

Dated
as of June 11, 2008

Reference is made to the Credit Agreement, dated as of July 6, 2007 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”),
among NOVELIS INC., a corporation formed under the Canada Business
Corporations Act, NOVELIS
CORPORATION, a Texas corporation, AV ALUMINUM INC., a corporation formed under the Canada Business
Corporations Act, the Subsidiary Guarantors (such term and each other capitalized term used but not
defined herein having the meaning given to it in the Credit Agreement), the Lenders, UBS AG,
STAMFORD BRANCH, as administrative agent for the Lenders, UBS AG, STAMFORD BRANCH, as collateral
agent for the Secured Parties, the other agents party thereto, and ABN AMRO INCORPORATED and UBS
SECURITIES LLC, as joint lead arrangers and joint bookmanagers.

WITNESSETH:

WHEREAS, the Guarantors have entered into the Credit Agreement and the applicable Security
Documents in order to induce the Lenders to make the Loans to or for the benefit of the
Borrowers;

WHEREAS, pursuant to Section 5.1l(b) of the Credit Agreement, certain Subsidiaries are required to
become Guarantors under the Credit Agreement by executing a Joinder Agreement. BELLONA-TRADING
INTERNACIONAL, SOCIEDADE, UNIPESSOAL, LDA (the “New Guarantor”) is executing this joinder
agreement (“Joinder Agreement”) to the Credit Agreement as of June 11, 2008 and as
consideration for the Loans previously made by the Lenders and as consideration for the other
agreements of the Lenders and the Agents under the Loan Documents and as consideration for other
good and valid consideration the receipt and sufficiency of which is hereby acknowledged.

NOW, THEREFORE, the Administrative Agent, Collateral Agent and the New Guarantor hereby agree as
follows:

1. Guarantee. In accordance with Section 5.1l(b) of the Credit Agreement, the New Guarantor by
its signature below becomes a Guarantor under the Credit Agreement with the same force and effect
as if originally named therein as a Guarantor.

2. Representations and Warranties. The New Guarantor hereby (a) agrees to all the terms and
provisions of the Credit Agreement applicable to it as a Guarantor thereunder and (b) represents
and warrants that the representations and warranties made by it as a Guarantor thereunder are true and
correct in all material respects (except that any representation and warranty that is qualified as to
“materiality” or “Material Adverse Effect” shall be true and correct in all respects) on and as of the date hereof,
except to the extent such representations and warranties expressly relate to an earlier date, in which case
such representation and warranty shall have been true and correct in all material respects (or, in the
case of any representation and warranty that is qualified as to “materiality” or “Material Adverse Effect”,
true and correct in all respects) as of such earlier date, and (c) the New Guarantor represents and warrants
that it has a justified and objective interest in the execution of this Joinder Agreement. Each reference
to a Guarantor in the Credit Agreement shall be deemed to include the New Guarantor. The New Guarantor
hereby attaches supplements to each of the schedules to the Credit Agreement and the Perfection
Certificates applicable to it.

 

 

3. Severability. Any provision of this Joinder Agreement which is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition
or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction.

4. Counterparts. This Joinder Agreement may be executed in counterparts, each of which shall
constitute an original. Delivery of an executed signature page to this Joinder Agreement by
facsimile transmission shall be as effective as delivery of a manually executed counterpart of this Joinder
Agreement.

5. No Waiver. Except as expressly supplemented hereby, the Credit Agreement shall remain in full
force and effect.

6. Notices. All notices, requests and demands to or upon the New Guarantor, any Agent or any
Lender shall be governed by the terms of Section 11.01 of the Credit Agreement.

7. Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED
BY THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS
PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION.

8. Certain Agreements. The New Guarantor hereby agrees that it shall take each of the actions and
deliver each of the documents set forth on Exhibit I, each by the dates set forth on such Exhibit.

[Signature Pages Follow]

 

 

IN WITNESS WHEREOF, the undersigned have caused this Joinder Agreement to be duly executed and
delivered by their duly authorized officers as of the day and year first above written.

	 	 	 	 	 
	 	BELLONA-TRADING INTERNACIONAL,

SOCIEDADE UNIPESSOAL, LDA.

 	 
	 	By:  	/s/
N. G. Madder
 	 
	 	 	Name:  	N. G. Madder 	 
	 	 	Title:  	Director 	 
	 

Address
for Notices:

Avenida do Infante

50 parish of Sẻ
,

County of Funchal

Portugal

	 	 	 	 	 
	 	UBS AG, Stamford Branch,

as Administrative Agent and as Collateral Agent

 	 
	 	By:  	/s/ Mary E. Evans
 	 
	 	 	Name:  	Mary E. Evans 	 
	 	 	Title:  	Associate Director Banking Products Services, US 	 
	 
	 	 	 
	 	By:  	                                              /s/ Irja R. Otsa
 	 
	 	 	Name:  	Irja R. Otsa  	 
	 	 	Title:  	Associate Director Banking Products Services, US 	 
	 

Address for Notices:

UBS AG, Stamford Branch 

677 Washington Boulevard

Stamford, Connecticut 06901

Attention: Christopher Gomes

Signature
Page: Joinder Agreement — Term

 

 

Exhibit I

Obligations of New Guarantor

1. Within 10 days of the date hereof (or by such later date as may be agreed to in writing by the
Collateral Agent in its sole discretion), execute and deliver an irrevocable power of attorney as
required under the terms set forth in Clause 4.2 and Clause 11.3 to the Quota and Account Pledge and
Assignment of Credits, dated as of June 11, 2008, by and among NOVELIS INC., as the Canadian Borrower,
BELLONA-TRADING INTERNACIONAL, SOCIEDADE, UNIPESSOAL, LDA, as the Portuguese
Guarantor, LASALLE BUSINESS CREDIT, LLC, as Collateral Agent for the Revolving Secured Parties,
and UBS AG, STAMFORD BRANCH, as Collateral Agent for the Term Loan Secured Parties.

2. Within 10 business days of the date on which title to aluminum sheets is transferred from
Novelis do Brasil Ltda. to the New Guarantor (or by such later date as may be agreed to in writing by the
Collateral Agent in its sole discretion), execute and deliver a pledge of inventory held by the New Guarantor,
in form and substance satisfactory to the Collateral Agent.

3. Within 10 business days of the date on which any intercompany receivables, credit instruments or
invoices which Novelis do Brasil Ltda. has against the New Guarantor come into existence (or by
such later date as may be agreed to in writing by the Collateral Agent in its sole discretion), the New
Guarantor will cause Novelis do Brasil Ltda. to execute and deliver to the Collateral Agent an amendment,
pledging such intercompany receivables, credit instruments or invoices, to the Receivables Pledge Agreement,
dated as of July 6, 2007, by and between NOVELIS DO BRASIL LTDA., as Pledgor, and UBS AG,
STAMFORD BRANCH, as Collateral Agent, in form and substance satisfactory to the Collateral Agent.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]