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                                                                    EXHIBIT 10.4

                         FORM OF PERFORMANCE UNIT GRANT
                        NEW JERSEY RESOURCES CORPORATION

                                  Date ________

Name
Title

Company

Dear _____:

On behalf of the Board of Directors, I am pleased to inform you that the
following grant was made to you on _________, under the New Jersey Resources
Long-Term Incentive Corporate Plan.

-     Performance Awards of ______ units at target performance (i.e., 100%),
      subject to the Company's total shareholder return compared with a peer
      group of 24 companies. Total shareholder returns shall be calculated
      during the _____ month period commencing _________ and ending
      _____________.

If you have any questions regarding your award, please contact _______ at
extension _____.

                                           Sincerely,

                                           Laurence M. Downesexv4w1

 

Exhibit 4.1

FIRST AMENDMENT TO SECURED SUPER-PRIORITY DEBTOR-IN-

POSSESSION REVOLVING CREDIT AND GUARANTY AGREEMENT

          FIRST AMENDMENT TO SECURED SUPER-PRIORITY DEBTOR-IN-POSSESSION REVOLVING CREDIT AND
GUARANTY AGREEMENT, dated as of December 23, 2005 (this “Amendment”), to that certain Secured
Super-Priority Debtor-In-Possession Revolving Credit and Guaranty Agreement, dated as of February
11, 2005 (as amended, supplemented, or otherwise modified from time
to time, the “Credit
Agreement”; capitalized terms used herein but not otherwise defined herein shall have the meanings
given such terms in the Credit Agreement), among Kaiser Aluminum & Chemical Corporation, a Delaware
corporation as a debtor and debtor-in-possession in a case pending under Chapter 11 of the
Bankruptcy Code (“Company”), Kaiser Aluminum Corporation, a Delaware corporation and a debtor and
debtor-in-possession in a case pending under Chapter 11 of the
Bankruptcy Code (“Parent”) and each
of their respective subsidiaries party thereto (the “Subsidiary Borrowers”, and together with
Company and Parent, each a “Borrower” and
collectively, “Borrowers”), certain of the direct or
indirect subsidiaries of Borrowers party thereto (each a
“Guarantor” and collectively, “Guarantors”), the Lenders party thereto and JPMorgan Chase Bank, National Association, as
administrative agent for the Lenders (in such capacity,
“Agent”).

WITNESSETH:

          WHEREAS, Borrowers, Guarantors, the Lenders named therein and Agent have entered into the
Credit Agreement;

          WHEREAS,
Borrowers have asked Lenders to extend the Maturity Date of the Credit Agreement by
three (3) months; and

          WHEREAS, Lenders are willing to consent to the extension of the Credit Agreement and grant
such amendment to the Credit Agreement on the terms and subject to the conditions set forth herein;

          NOW, THEREFORE, in consideration of the premises and the agreements herein contained,
Borrowers, Guarantor, Lenders, and Agent hereby agree as follows:

ARTICLE I

AMENDMENT TO CREDIT AGREEMENT

          Section 1.1 Immediately upon the Effective Date (as defined in Article II below), the
definition of “Maturity Date” in Section 1.01 to the Credit Agreement shall be amended and
restated in its entirety as follows:

          “Maturity Date” shall mean May 11, 2006.

ARTICLE II

CONDITIONS TO CLOSING

          Section 2.1 Immediately upon the satisfaction of the following conditions, this Amendment
shall become effective (the date on which such conditions are satisfied being the “Effective
Date”):

 

 

First Amendment

          (a) Amendment. Agent shall have received a duly executed counterpart of this
Amendment from each Borrower, Guarantor and each of the Lenders.

          (b) Fee Letter. Agent shall have received a duly executed counterpart of that certain
Fee Letter, dated of even date herewith, among Agent, Parent and the Company.

          (c) Extension Order. Agent shall have received a certified copy of a final,
non-appealable order of the Bankruptcy Court in substantially the form of Exhibit A
attached hereto (the “Extension Order”), which Extension Order shall be in full force and
effect and shall not have been vacated, stayed, reversed, modified or amended in any respect.

ARTICLE III

MISCELLANEOUS

          Section 3.1
Effect of Amendment. Except as expressly set forth herein, this Amendment
shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect
the rights and remedies of Agent or any Lender under the Loan Documents, and shall not alter,
modify, amend or in any way affect any of the terms, conditions, obligations, covenants or
agreements contained in the Loan Documents, all of which are ratified and affirmed in all respects
and shall continue in full force and effect except that, on and after the effectiveness of this
Amendment, each reference to the Credit Agreement in the Loan Documents shall mean and be a
reference to the Credit Agreement as amended by this Amendment. Nothing herein shall be deemed to
entitle any Borrower to a consent to, or a waiver, amendment, modification or other change of, any
of the terms, conditions, obligations, covenants or agreements contained in the Loan Documents in
similar or different circumstances. This Amendment is a Loan Document executed pursuant to the
Credit Agreement and shall be construed, administered and applied in accordance with the terms and
provisions thereof.

          Section 3.2 No Representations by Lenders or Agent. Borrowers hereby acknowledge that
they have not relied on any representation, written or oral, express or implied, by any Lender or
Agent, other than those expressly contained herein, in entering into this Amendment.

          Section 3.3 Representations of Borrowers and Guarantors. Each Borrower and Guarantor
represents and warrants to Agent and Lenders that: (a) (i) it is duly organized and validly
existing under the laws of the State of its organization and is duly qualified as a foreign
organization and is in good standing in each jurisdiction in which the failure to so qualify would
reasonably be expected to have a Material Adverse Effect, and (ii) subject to the entry by the
Bankruptcy Court of the Extension Order, it has the requisite corporate power and authority to
effect the transactions contemplated hereby, and by the other Loan Documents to which it is a
party; (b) the execution, delivery and performance by it of this Amendment (i) is within its
organizational powers, has been duly authorized by all necessary organizational action, and does
not (A) contravene its charter or by-laws or other constituent documents, (B) violate any law or
regulation, or any order or decree of any court or Governmental Authority applicable to it, (C)
conflict with or result in a breach of, or constitute a default under, any material indenture,
mortgage or deed of trust entered into after the applicable Filing Date or any material lease,
agreement or other instrument entered into after the applicable Filing Date binding on it or any of
its properties, or (D) result in or require the creation or imposition of any Lien upon any of its
property other than the Liens granted pursuant to the Loan Documents, the Order or the Extension
Order; and (ii) does not require the consent, authorization by or approval of or notice to or
filing or registration with any Governmental Authority, other than the entry of the Extension
Order; (c)

 

 

First Amendment

this Amendment has been duly executed and delivered by it; and (d) this Amendment is a
legal, valid and binding obligation of such Borrower or Guarantor, enforceable against it in
accordance with its terms and the Order. Each Borrower and Guarantor further represents and
warrants to Agent and Lenders that, after giving effect to this Amendment, (a) the representations
and warranties set forth in the Loan Documents are true and correct in all material respects on
and as of the Effective Date with the same effect as though made on such date, except to the
extent that such representations and warranties expressly relate to an earlier date, in which case
such representations and warranties were true as of such earlier date and (b) no Default or Event
of Default has occurred and is continuing.

          Section 3.4 Successors and Assigns. This Amendment shall be binding upon the parties
hereto and their respective successors and assigns and shall inure to the benefit of the parties
hereto and the successors and assigns of Lenders and Agent.

          Section 3.5 Headings. Section headings used herein are for convenience only and are
not to affect the construction of or be taken into consideration in interpreting this Amendment.

          Section 3.6
Severability. Any provision of this Amendment 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.

          Section 3.7 Counterparts. This Amendment may be executed in any number of
counterparts, each of which shall constitute an original, but all of which taken together shall
constitute one and the same instrument. Delivery of an executed counterpart of a signature page to
this Amendment by facsimile shall be effective as delivery of a manually executed counterpart of
this Amendment.

          Section 3.8 Governing Law. THIS AMENDMENT SHALL IN ALL RESPECTS BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, INCLUDING, WITHOUT LIMITATION,
SECTION 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, AND (TO THE EXTENT APPLICABLE)
THE BANKRUPTCY CODE.

          Section 3.9 Costs and Expenses. Whether or not the transactions hereby contemplated
shall be consummated, Borrowers shall pay all reasonable out-of-pocket expenses (including, without
limitation, expenses incurred in connection with due diligence) of Agent associated with this
Amendment, including the reasonable out-of-pocket fees and expenses of Agent’s counsel.

          Section 3.10 Ratification of Guaranties. Each Guarantor hereby consents to this
Amendment and hereby confirms and agrees that notwithstanding the effectiveness of this Amendment,
the guarantee made by such Guarantor pursuant to Section 9 of the Credit Agreement is, and shall
continue to be, in full force and effect and is hereby ratified and confirmed in all respects,
except that, on and after the effectiveness of this Amendment, each reference to the Credit
Agreement shall mean and be a reference to the Credit Agreement as amended by this Amendment.

[Remainder of this page is intentionally left blank.]

 

 

First Amendment

          IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly executed and
delivered as of the date first above written.

	 	 	 	 	 
	 	BORROWERS:

KAISER ALUMINUM CORPORATION 

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name: KERRY A. SHIBA      	 
	 	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	KAISER ALUMINUM & CHEMICAL CORPORATION

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	

KAISER ALUMINIUM INTERNATIONAL, INC.

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	

KAISER BELLWOOD CORPORATION

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	

GUARANTORS: 

KAISER ALUMINUM & CHEMICAL INVESTMENT, INC.

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 
	 	

KAISER ALUMINUM PROPERTIES, INC. 

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 

 

 

First Amendment

	 	 	 	 	 
	 	KAISER ALUMINUM TECHNICAL SERVICES, INC. 

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	ALWIS LEASING, LLC 

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	KAISER CENTER, INC.

 	 
	 	By :       /s/ Kerry A. Shiba
 	 
	 	Name:  	 	 
	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	KAISER CENTER PROPERTIES
 

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	OXNARD FORGE DIE COMPANY, INC. 

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	AKRON HOLDING CORPORATION 

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	

KAISER TEXAS MICROMILL HOLDINGS, LLC

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 

 

 

	 	 	 	 	 

First Amendment

	 	 	 	 	 
	 	KAISER MICROMILL HOLDINGS, LLC 

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title: VP & CFO 	 
	 

	 	 	 	 	 
	 	KAISER SIERRA MICROMILLS, LLC

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	KAISER TEXAS SIERRA MICROMILLS, LLC 

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	KAE TRADING, INC.

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO 	 
	 

	 	 	 	 	 
	 	KAISER EXPORT COMPANY 

 	 
	 	By:  	/s/ Kerry A. Shiba
 	 
	 	 	Name:  	 	 
	 	 	Title:  	VP & CFO

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