Document:

Exhibit 4.41 to KACC 10-K

                  AMENDMENT OF NON-NEGOTIABLE INTERCOMPANY NOTE

         WHEREAS, Kaiser Aluminum Corporation ("KAC"), formerly known as
KaiserTech Limited, executed a Non-Negotiable Intercompany Note, dated December
21, 1989, payable to the order of Kaiser Aluminum & Chemical Corporation
("KACC"); and

         WHEREAS, such Non-Negotiable Intercompany Note has been amended, as
memorialized by Confirmation of Amendment of Non-Negotiable Intercompany Note,
dated as of October 6, 1993 (the Non-Negotiable Intercompany Note, as amended
from time to time, the "KT Note"); and

         WHEREAS, the KT Note has been pledged and delivered to BankAmerica
Business Credit, Inc., predecessor of Bank of America, N.A., as the Agent, under
and as defined in that certain Company Pledge Agreement, dated as of February
15, 1994 (as amended, the "Company Pledge Agreement"), among KACC and
BankAmerica Business Credit, Inc.; and

         WHEREAS, KAC and KACC have agreed that the KT Note should be amended,
effective as of December 11, 2000, as hereinafter described; and

         WHEREAS, the Company Pledge Agreement contemplates that Pledged Notes
(as therein defined, including the KT Note) may be amended, modified, or
supplemented from time to time; and

         WHEREAS, the Credit Agreement, dated as of February 15, 1994, among
KACC, KAC, the various financial institutions that are or may from time to time
become parties thereto (collectively, the "Lenders"), and Bank of America, N.A.
(successor to BankAmerica Business Credit, Inc., as agent for the Lenders (as
amended, the "Credit Agreement") permits under clause (k) of the second
paragraph of Section 9.2.14 thereof any amendment of the KT Note that extends
the maturity thereof or reduces the interest rate thereon; and

         WHEREAS, this Amendment of Non-Negotiable Intercompany Note is made in
order to memorialize the agreement between KAC and KACC amending the KT Note and
to evidence the acknowledgment of the Agent of such amendment of the KT Note;

         NOW, THEREFORE, KAC and KACC hereby amend the KT Note, effective as of
December 11, 2000, in the following respect only:

         1.       Section 2 of the KT Note is amended to read as follows in its
 entirety:

                  "2. Subject to Section 5 hereof, no payment of principal or
         interest shall be required to be made on this Note prior to December
         21, 2006. Beginning on December 21, 2006, this Note shall be due and
         payable annually on each anniversary of the date of this Note as to
         principal and interest (including interest accrued hereon from the
         Issuance Date through December 21, 2005, which shall be added to the
         unpaid principal amount hereof) in level installments which, if timely
         made, would be sufficient fully to satisfy the outstanding principal
         balance hereof (including interest accrued hereon from the Issuance
         Date through December 21, 2005) plus interest hereon over a 15-year
         term, commencing on December 21, 2006. Each such level payment shall be
         applied first to interest and the balance to principal."

         IN WITNESS WHEREOF, KAC and KACC have executed this Amendment of Non-
Negotiable Intercompany Note as of December 11, 2000.

                                      Kaiser Aluminum Corporation

                                      By:   /S/ JOHN T. LA DUC
                                         ---------------------------------------
                                      Title:  Executive Vice President and
                                               Chief Financial Officer

                                      Kaiser Aluminum & Chemical Corporation

                                      By:    /S/ DAVID A. CHEADLE
                                         ---------------------------------------
                                      Title:  Assistant Treasurer

         Bank of America, N.A., successor to BankAmerica Business Credit, Inc.,
as Agent under the Company Pledge Agreement, hereby acknowledges that the KT
Note has been amended as hereinabove described.

                                       Bank of America, N.A.

                                       By:   /S/ MICHAEL J. JASAITIS
                                          --------------------------------------
                                       Title:   VPExhibit 10.3 to KACC 10-K

                      Amendment of Tax Allocation Agreement
                                     Between
                                   MAXXAM Inc.
                                       and
                     Kaiser Aluminum & Chemical Corporation

         WHEREAS, MAXXAM Inc. ("MAXXAM") and Kaiser Aluminum & Chemical
Corporation ("KACC") executed a tax allocation agreement as of December 21, 1989
covering all taxable years during which KACC and its U.S. subsidiaries (the
"KACC Subgroup") were included in MAXXAM's Federal consolidated income tax
returns (the "Tax Allocation Agreement");

         WHEREAS, the Tax Allocation Agreement is relevant for taxable periods
through June 30, 1993, the date on which the KACC Subgroup became disaffiliated
with MAXXAM, and after which the KACC Subgroup was no longer included in
MAXXAM's Federal consolidated income tax returns;

         WHEREAS, paragraphs 2 and 3 of the Tax Allocation Agreement were
intended to place the KACC Subgroup in the same U.S. income tax position as if
it was a separate affiliated group of corporations filing separate consolidated
tax returns and was never affiliated with MAXXAM;

         WHEREAS, the Tax Allocation Agreement follows general U.S. income tax
laws and principles governed by the Internal Revenue Code of 1986, as amended,
and Treasury Regulations promulgated thereunder;

         WHEREAS, Kaiser Alumina Australia Corporation ("KAAC"), a U.S.
subsidiary of KACC, is currently undergoing an Australian income tax audit (the
"Audit"), including years covered by the Tax Allocation Agreement;

         WHEREAS, Treasury Regulation Section 301.6511(d)-3(a) only allows until
March 15, 2001 to claim foreign tax credits with respect to 1990, beyond which
claims for refunds with respect to such foreign tax credits would be disallowed;

         WHEREAS, the Tax Allocation Agreement similarly allows KACC only until
March 15, 2001 to claim additional foreign tax credits with respect to 1990 if
KAAC subsequently pays additional Australian income taxes attributable to 1990;

         WHEREAS, in view of the foregoing and other relevant facts, MAXXAM and
KACC desire to extend the March 15, 2001 deadline for claiming such foreign tax
credits under the Tax Allocation Agreement for one year to March 15, 2002; and

         WHEREAS, MAXXAM and KACC wish to reach an agreement regarding the
consequences resulting under the Tax Allocation Agreement prior to KAAC agreeing
to any tax assessment received from the Australian Taxation Office or settlement
in connection with the Audit,

         NOW, THEREFORE, (a) MAXXAM agrees to extend to March 15, 2002 the March
15, 2001 deadline under the Tax Allocation Agreement for KACC to claim
additional foreign tax credits that may be attributable to 1990; and (b) KACC
agrees that prior to KAAC agreeing to any tax assessment received from the
Australian Taxation Office with respect to 1990 or settlement in connection with
the Audit, it will reach an agreement with MAXXAM regarding the consequences
resulting under the Tax Allocation Agreement. MAXXAM and KACC agree to use their
respective reasonable best efforts to reach such agreement.

IN WITNESS WHEREOF, MAXXAM and KACC have executed this Amendment of Tax
Allocation Agreement by duly authorized officers thereof as of March 12, 2001.

                                         MAXXAM Inc.

                                         By:     /S/ PAUL N. SCHWARTZ
                                         Title:  President and Chief Financial Officer

                                         Kaiser Aluminum & Chemical Corporation

                                         By:     /S/ JOHN T. LA DUC
                                         Title:  Executive Vice President and
                                                    Chief Financial OfficerExhibit 10.12 to KACC 10-K

                                    AGREEMENT

         This Agreement is made by and among George T. Haymaker, Jr. ("Optionee")
and Kaiser Aluminum Corporation and Kaiser Aluminum & Chemical Corporation, both
Delaware corporations (together, the "Company").

         WHEREAS, the Company granted to Optionee a stock option to purchase up
to 283,000 shares of common stock, $.01 par value per share, of Kaiser Aluminum
Corporation, and the terms and conditions of such grant are set forth in that
certain Time-Based Stock Option Grant between Optionee and the Company having an
effective date of January 1, 1998, as amended by that certain Director and
Non-Executive Chairman Agreement between Optionee and the Company dated January
1, 2000 (the Time-Based Stock Option Grant, as so amended, the "1998 Grant");
and

         WHEREAS, Optionee and the Company desire to amend the 1998 Grant to
cancel 71,490 of the unvested Option Shares and to specify the vesting
provisions for the 22,844 unvested Option Shares thereafter remaining under the
1998 Grant; and

         WHEREAS, Optionee and the Company desire to evidence the grant of a new
stock option to Optionee to purchase up to 71,490 Option Shares and to specify
the terms and conditions applicable thereto;

         NOW, THEREFORE, Optionee and the Company hereby agree as follows:

         1. All capitalized terms used herein shall have the meanings provided
in the 1998 Grant unless otherwise specifically provided herein.

         2. Effective as of April 14, 2000, the 1998 Grant is amended to cancel
71,490 of the unvested Option Shares. Provided Optionee's Qualified Service
Period has not previously terminated, and subject to the terms of the 1998 Grant
providing for earlier vesting upon the occurrence of a Company Sale Transaction
or certain terminations of Optionee's Employment, the 22,844 unvested Option
Shares thereafter remaining under the 1998 Grant shall become Vested Options as
of 12:01 a.m. Houston time on December 31, 2000. Except as expressly set forth
herein, the terms and conditions of the 1998 Grant are hereby ratified and
affirmed.

         3. This Agreement evidences that the Company has granted to Optionee,
effective as of April 14, 2000, the right, privilege and option to purchase up
to 71,490 Option Shares. Provided that Optionee's Qualified Service Period has
not previously terminated, and subject to the terms of such grant providing for
earlier vesting upon the occurrence of a Company Sale Transaction or certain
terminations of Optionee's Employment, such 71,490 Option Shares shall become
Vested Options as of 12:01 a.m. Houston time on December 31, 2000. Except as
expressly set forth herein, such stock option is granted on the same terms and
conditions as are set forth in the 1998 Grant.

         IN WITNESS WHEREOF, Optionee and the Company have executed this
Agreement effective as of the 14th day of April, 2000.

                                    "COMPANY"

                                    KAISER ALUMINUM CORPORATION

                                    By:      /S/ RAYMOND J. MILCHOVICH
                                    Raymond J. Milchovich
                                    President and Chief Executive Officer

                                    KAISER ALUMINUM & CHEMICAL CORPORATION

                                    By:      /S/ RAYMOND J. MILCHOVICH
                                    Raymond J. Milchovich
                                    President and Chief Executive Officer

                                   "OPTIONEE"

                                   /S/ GEORGE T. HAYMAKER, JR.
                                   George T. Haymaker, Jr.

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