Document:

Deed of Trust, dated December 6, 2002

 Exhibit 10.16 
  
 The printed portions of this form approved by the 
 California Real Estate
Commission (TD 72-7-96) 
  
 IF THIS FORM IS USED IN A CONSUMER CREDIT
TRANSACTION, CONSULT LEGAL COUNSEL 
  
 THIS IS A LEGAL INSTRUMENT. IF NOT
UNDERSTOOD, LEGAL, TAX OR OTHER COUNSEL SHOULD BE CONSULTED BEFORE SIGNING. 
  
 DEED OF TRUST 
 (Due on Transfer - Strict) 
  
 THIS DEED OF TRUST is made this 6th day of December, 2002, between Wise Recycling West, LLC (Borrower), whose address is 857 Elkridge Landing Road, Suite 600, Linthicum, Maryland 21090; and the Public Trustee the of County in which the
Property (see paragraph 1) is exhibited (Trustee); for the benefit of TOMRA of North America Finance Corporation (Lender), whose address is 480 Lordship Boulevard, Stratford, Connecticut 06615. 
  
 Borrower and Lender covenant and agree as follows: 
  

	1.	Property in Trust, Borrower, In consideration of the indebtedness herein recited and the trust must herein created, hereby grants and conveys to Trustee in trust, with power of
sale, the following described property located at Lots 2 and 3, Block 1, MDC industrial Park, Subdivision Filing No. 3, more commonly known as 2601 Chambers Road, Aurora, Colorado 80011, County of Adams, together with all its appurtenances
(Property). 

  

	2.	Note: Other Obligations Secured. This Deed of Trust is given to secure to Lender, 

  

	 	A.	the repayment of the indebtedness evidenced by Borrower’s note (Note) dated December 6, 2002, in the principal sum of Seven Hundred Twenty Thousand and 00/100 ($720,000.00)
U.S. Dollars, with interest on the unpaid principal balance from December 6, 2002, until paid, at the rate of eight (8%) percent per annum, with principal and interest payable at P.O. Drawer 1034, Monticello, New York 12701, or such other place as
the Lender may designate, in twenty-three (23) payments of Six Thousand Eight Hundred Eighty and 70/100 ($6,880.70) U.S. Dollars, due on the 1st day of each month, beginning February 1, 2003, such payments shall continue for twenty-three (23) payments. On January 1, 2005 the entire outstanding balance evidenced by the Promissory Note is due
and owing, and Borrower is to pay to lender a late charge of five (5%) percent of any payment not received by the Lender within fifteen (15) days after payment is due; and Borrower has the right to prepay the principal amount outstanding under said
Note, in whole or in part, at any time without penalty except that such prepayment amounts shall be in increments of One Thousand and 00/100 ($1,000.00) Dollars. 

  

	 	B.	the payment of all other sums, with interest thereon at eight (8%) percent per annum, disbursed by Lender in accordance with this Deed of Trust to protect this security of the Deed
of Trust; and 

  

	 	C.	the performance of the covenants and agreements of Borrower herein contained. 

  

	3.	Title. Borrower covenants that Borrower owns and has the rights to grant and convey the Property, and warrants title to the same, subject to general real estate taxes for the
current year, easements of record or in existence, and recorded declarations, restrictions, reservations and covenants, if any, as of this date. 

  

	4.	Payment of Principal and Interest. Borrower shall promptly pay when due the principal of and interest on the indebtedness evidenced by the Note, and late charges as provided in the
Note and shall perform all of Borrower’s other covenants combined, in the Note. 

	

	5.	Application of Payment. All payments received by Lender under the terms hereof shall be applied by Lender first in payment of amounts due pursuant to paragraph 23 (Escrow Funds for
Taxes and Insurance), then in amounts disbursed by Lender pursuant to paragraph 9 (protection of Lender’s Security), and the balance in accordance with the terms and conditions of the Note. 

	6.	Prior Mortgages and Deeds of Trust; Charges; Liens. Borrower shall perform all of Borrower’s obligations under any prior deed of trust and any other prior liens. Borrower shall
pay all taxes, assessments and other charges, fines and impositions attributable to the Property which may have or attain a priority over this Deed of Trust, and leasehold payments or ground rents, if any, in the manner set out in paragraph 23
(Escrow Funds for Taxes and Insurance) or, if not required to be paid in such manner; by Borrower making payment when due, directly to the payee thereof. Despite the foregoing, Borrower shall not be required to make payments otherwise required by
this paragraph if Borrower, after notice to Lender, shall in good faith contest such obligation by, or defend enforcement of such obligation in legal proceeding which operate to prevent the enforcement of the obligation or forfeiture of the Property
or any part thereof, only upon Borrower making all such contested payments and other payments as ordered by the court to the registry of the court in which such proceedings are filed. 

  

	7.	Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire or hazards included within the term
“extended coverage” in an amount at least equal to the lesser of (1) the insurable value of the Property or (2) an amount sufficient to pay the sums secured by this Deed of Trust as well as any prior encumbrances on the Property. All of
the foregoing shall be known as “Property Insurance”. 

  
 The insurance carrier providing the insurance shall be qualified to write Property Insurance in Colorado and shall be chosen by Borrower subject to Lender’s right to reject the chosen carrier for reasonable
cause. All insurance policies and renewals thereof shall include a standard mortgage clause in favor of Lender, and shall provide that the insurance carrier shall notify Lender at least ten (10) days before cancellation, termination or any material
change of coverage. Insurance policies shall be furnished to Lender all or before closing. Lender shall have the right to hold the policies and renewals thereof. 
  
 In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make
proof of loss if not made promptly by Borrower. 
  
 Insurance proceeds shall be applied to restoration or repair of the Property damaged, provided such restoration or repair is economically feasible and the security of this Deed of Trust it not thereby impaired. If such restoration or repair
is not economically feasible or if the security of this Deed of Trust, would be impaired, the insurance proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if any, paid to Borrower. If the Property is abandoned by
Borrower, or if Borrower fails to respond to lender within 30 days from the date notice is given in accordance with paragraph 16 (Notice) by Lender to Borrower that the insurance carrier offers to settle a claim for insurance benefits. Lender is
authorized to collect and apply the insurance proceeds, at Lender’s option, either to restoration or repair of the Property or to the sums secured by this Deed of Trust. 
  
 Any such application of proceeds to principal shall not extend or postpone the due date of the Installments
referred to in paragraphs 4 (Payment of Principal and Interest) and 23 (Escrow Funds for Taxes and Insurance) or change the amount of such installments. Notwithstanding anything herein to the contrary, if under paragraph 18 (Acceleration;
Foreclosure; Other Remedies) the Property is acquired by Lender, all right, title and interest of Borrower in and to any insurance policies and in and to the proceeds thereof resulting from damage to the Property prior to the sale or acquisition
shall pass to Lender to the extent of the sums secured by this Deed of Trust immediately prior to such sale or acquisition. 
  
 All of the rights of Borrower and Lender hereunder with respect to insurance carriers, insurance policies and insurance proceeds are
subject to the rights of any holder of a prior deed of trust with respect to said insurance carriers, policies and proceeds. 
  

	8.	Preservation and Maintenance of Property. Borrower shall keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the Property and shall
comply with the provisions of any lease if this Deed of Trust is on a leasehold. Borrower shall perform all of Borrowers obligations under any declarations, covenants, by-laws, rules, or other documents governing the use, ownership or occupancy of
the Property. 

  

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	9.	Protection of Lender’s Security. Except when Borrower has exercised Borrower’s rights under paragraph 6 above, if the Borrower fails to perform the covenants and
agreements contained in this Deed of Trust, or if a default occurs in a prior lien, or if any action or proceeding is commenced which materially affects Lender’s interest in the property, then Lender at Lenders option, with notice to Borrower
if required by law, make may such appearances, disburse such sums and take such action as is necessary to protect Lender’s interest, including, but not limited to: 

  
 (a) any general or special taxes or ditch or water assessments levied or accruing against the Property; 
  
 (b) the premiums on any insurance necessary to protect any improvements
compromising a part of the Property; 
  
 (c) sums due on any
prior lien or encumbrance on the Property; 
  
 (d) if the
Property is a leasehold or is subject to a lease, all sums due under such lease; 
  
 (e) the reasonable costs and expenses of defending, protecting, and maintaining the Property and Lender’s interest in the Property, including repair and maintenance costs and expenses, costs and expenses of
protecting and securing the Property, receiver’s fees and expenses, inspection fees, appraisal fees, court costs, attorney fans and costs and fees and costs of an attorney in the employment of the Lender or holder of the certificates of
purchase; 
  
 (f) all other costs and expenses allowable by the
evidence of debt or this Deed of Trust, and 
  
 (g) such other
costs and expenses which may be authorized by a court of competent jurisdiction. 
  
 Borrower hereby assigns to Lender any right Borrower may have by reason of any prior encumbrance on the Property or by law of otherwise to
cure any default under said prior encumbrance. 
  
 Any amounts disbursed by Lender pursuant to this paragraph 9, with interest thereon, shall become additional indebtedness of Borrower secured by this Deed of Trust. Such amounts shall be payable upon notice from Lender to Borrower
requesting payment thereof, and Lender may bring suit to collect any amounts so disbursed plus interest specified in paragraph 28 (Note: Other Obligations Secured). Nothing contained in this paragraph 9 shall require Lender to incur any expense or
take any action hereunder. 
  

	10.	Inspection. Lender may make or cause to be made reasonable entries upon and Inspection of the Property, provided that Lender shall give Borrower notice prior to any such inspection
specifying reasonable cause therefor related to Lenders interest in the Property. 

  

	11.	Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of the Property, or part thereof, or for
conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender as herein provided. However, all of the rights of Borrower and Lender hereunder with respect to such proceeds are subject to the rights of any holder of a prior deed
of trust. 

  
 In the event of a
total taking of the Property, the proceeds shall be applied to the sums secured by this Deed of Trust, with the excess, if any paid to Borrower. In the event of a partial taking of the Property, the proceeds remaining after taking out any part of
the award due any prior lien holder (net award) shall be divided between Lender and Borrower, in the same ratio as the amount of the sums secured by this Deed of Trust immediately prior to the date of taking bears to Borrower’s equity in the
Property immediately prior to the date of taking. Borrower’s equity in the Property means the fair market value of the Property less the amount of sums secured by both this Deed of Trust and all prior liens (except taxes) that are to receive
any of the award, all at the value immediately prior to the date of taking. 
  

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 If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that
the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date such notice is given, Lender is authorized to collect and apply the proceeds, at Lenders option, either to
restoration or repair of the Property or to the sums secured by this Deed of Trust. 
  
 Any such application of proceeds to principal shall not extend or postpone the due date of the installments referred to in paragraphs 4
(Payment of Principal and Interest) and 23 (Escrow Funds for Taxes and Insurance) nor change the amount of such installments. 
  

	12.	Borrower Not Released. Extension of the time for payment or modification of amortization of the sums secured by this Deed of Trust granted by Lender to any successors in interest of
Borrower shall not operate to release, in any manner, the liability of the original Borrower, nor Borrower’s successor in Interest, from the original terms of this Deed of Trust. Lender shall not be required to commence proceedings against such
successor or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demands made by the original Borrower nor Borrower’s successor in interest. 

  

	13.	Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by law, shall not be a waiver of preclude the
exercise of any such right or remedy. 

  

	14.	Remedies Cumulative. Each remedy provided in the Note and this Deed of Trust is distinct from and cumulative to all other rights or remedies under the Note and this Deed of Trust or
afforded by law or equity, and may be exercised concurrently, independently or successively. 

  

	15.	Successors and Assigns Bound; Joint and Several Liability Captions. The covenants and agreements herein contained shall bind, and the rights hereunder shall inure to, the respective
successors and assigns of Lender and Borrower, subject to the provisions of paragraph 24 (Transfer of the Property; Assumption). All covenants and agreements of Borrower shall be joint and several. The captions and heading of the paragraphs in this
Deed of Trust are for convenience only and are not to be used to interpret or define the provisions hereof. 

  

	16.	Notice. Except for any notice required by law to be given in another manner, (a) any notice to Borrower provided for in this Deed of Trust shall be in writing and shall be given and
be effective upon (1) delivery to Borrower or (2) mailing such notice by first-class U.S. mail, addressed to Borrower at Borrower’s address stated herein or at such other address as Borrower may designate by notice to lender as provided herein,
and (b) any notice to Lender shall be in writing and shall be given and be effective upon (1) delivery to Lender or (2) mailing such notice by first-class U.S. Mail, to Lender’s addressed stated herein or to such other address as Lender may
designate by notice to Borrower as provided herein. Any notice provided for in this Deed of Trust shall be deemed to have been given to Borrower or Lender when given in any manner designated herein. 

  

	17.	Governing Law; Severability. The Note and this Deed of Trust shall be governed by the law of Colorado, in the event that any provision or clause of this Deed of Trust or the Note
conflicts with the law, such conflict shall not affect other provisions of this Deed of Trust or the Note which can be given effect without the conflicting provision, and to this end the provisions of the Deed of Trust and Note are declared to be
severable. 

  

	18.	Acceleration; Foreclosure; Other Remedies. Except as provided in paragraph 24 (Transfer of the Property; Assumption), upon Borrower’s breach of any covenant or agreement of
Borrower in this Deed of Trust, or upon any default in a prior lien upon the Property (unless Borrower has exercised Borrower’s rights under paragraph 6 above), at Lender’s option, all of the sums secured by this Deed of Trust shall be
immediately due and payable (Acceleration). To exercise this option, Lender may invoke the power of sale and any other remedies permitted by law. Lender shall be entitled to collect all reasonable costs and expenses incurred in pursuing the remedies
provided in this Deed of Trust, including, but not limited to, reasonable attorney’s fees. 

  

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 If Lender invokes the power of sale, Lender shall give written notice to Trustee of such
election. Trustee shall give such notice to Borrower or Borrower’s rights as is provided by law. Trustee shall record a copy of such notice as required by law. Trustee shall advertise the time and place of the sale of the Property, for not less
than four weeks in a newspaper of general circulation in each county in which Property is situated, and shall mail copies of such notice of sale to Borrower and other persons as prescribed by law. After the lapse of such time as may be required by
law, Trustee, without demand on Borrower shall sell the Property at public auction to the highest bidder for cash at the time and place (which may be on the Property or any part thereof as permitted by law) in one or more parcel as Trustee may think
best and in such order as Trustee may determine. Lender or Lender’s designee may purchase the Property at any sale. It shall not be obligatory upon the purchaser at any such sale to see to the application of the purchase money. 
  
 Trustee shall apply the proceeds of the sale in the
following order: (a) to all reasonable costs and expenses of the sale, including, but not limited to, reasonable Trustee’s and attorney’s fees and costs of title evidence; (b) to all sums secured by this Deed of Trust; and (c) the excess,
if any, to the person or persons legally entitled thereto. 
  

	19.	Borrower’s Right to Cure Default. Whenever foreclosure is commenced for nonpayment of any sums due hereunder, the owners of the Property or parties liable hereon shall be
entitled to cure said defaults by paying all delinquent principal and interest payments due as of the date of cure, costs, expenses, late charges, attorney’s fees and other fees all in this manner provided by law. Upon such payment, this Deed
of Trust and the obligations secured hereby shall remain in full force and effect as though no Acceleration had occurred, and the foreclosure proceedings shall be discontinued. 

  

	20.	Assignment of Rents; Appointment of Receiver Lender in Possession. As additional security hereunder, Borrower hereby assigns to Lender the rents of the Property; however, Borrower
shall, prior to Acceleration under paragraph 18 (Acceleration; Foreclosure; Other Remedies) or abandonment of the Property, have the right to collect and retain such rents as they become due and payable. 

  
 Lender or the holder of the Trustee’s certificate of
purchase shall be entitled to a receiver for the Property after Acceleration under paragraph 18 (Acceleration; Foreclosure; Other Remedies) and shall also be so entitled during the time covered by foreclosure proceedings and the period of
redemption, if any, and shall be entitled thereto as a matter of right without regard to the solvency or insolvency of Borrower or the of the then owner of the Property, and without regard to the value thereof. Such receiver may be appointed by any
court of competent jurisdiction upon ex parte application and without notice - notice being hereby expressly waived. 
  
 Upon Acceleration under paragraphs 18 (Acceleration; Foreclosure; Other Remedies) or abandonment of the Property, Lender, in person, by
agent or by judicially-appointed receiver, shall be entitled to enter upon, take possession of and manage the Property and to collect rents of the Property including those past due. All rents collected by Lender or the receiver shall be applied,
first, to payment of the costs of preservation and management of the Property, second, to payments due upon prior liens, and then to the sums secured by this Deed of Trust. Lender and the receiver shall be liable to account only for those rents
actually received. 
  

	21.	Release. Upon payment of all sums secured by this Deed of Trust Lender shall cause Trustee to release this Deed of Trust and shall produce for the Trustee the Note. Borrower shall
pay all costs of recordation and shall pay the statutory Trustee’s fees. If Lender shall not produce the Note as aforesaid, then Lender, upon notice in accordance with paragraph 16 (Notice) from Borrower to Lender, shall obtain, at
Lender’s expense, and file any lost instrument bond required by Trustee or pay the cost thereof to effect the release of this Deed of Trust. 

  

	22.	Waive of Exemptions. Borrower hereby waives all right of homestead and any other exemption in the Property under state or federal law presently existing or hereafter enacted.

  

	23.	Escrow Funds for Taxes and Insurance. This paragraph 23 is not applicable if Funds as defined below are being paid pursuant to a prior encumbrance. Subject to applicable law,
Borrower shall pay to Lender, on 

  

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 each day installments of principal and interest are payable under the Note; until the Note is paid in
full, a sum (herein referred to as “Funds”) equal to of the yearly taxes and assessments which may attain priority over this Deed of Trust, plus of yearly premium installments for Property Insurance, all as reasonably estimated initially
and from time to time by Lender on the basis of assessments and bills and reasonable estimates thereof, taking into account any excess Funds not used or shortages. 
  
 The principal of the Funds shall be held in a separate account by the Lender in trust for the benefit of the
Borrower and deposited in an institution the deposits or accounts of which are insured or guaranteed by a federal or state agency. Lender shall apply the Funds to pay said taxes, assessments and insurance premiums. Lender may not charge for so
holding and applying the Funds, analyzing said account or verifying and compiling said assessments and bills. Lender shall not be required to pay Borrower any interest or earnings on the Funds, Lender shall give to Borrower, without charge, an
annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Deed of Trust. 
  
 If the amount of Funds held by the Lender shall not be
sufficient to pay taxes, assessments and insurance premiums as they fall due, Borrower shall pay to Lender any amount necessary to make the deficiency within 30 days from the date notice is given in accordance with paragraph 16 (Notice) by Lender to
Borrower requesting payment thereof. Provided however, if the loan secured by this Deed of Trust is subject to RESPA or other laws regulating Escrow Accounts, such deficiency, surplus or an other required adjustment shall be paid, credited or
adjusted in compliance with such applicable laws. 
  
 Upon payment in full of all sums secured by this Deed of Trust, Lender shall simultaneously refund to Borrower any Fund held by Lender. If under paragraph 18 (Acceleration; Foreclosure; Other Remedies) the Property is sold or the Property
is otherwise acquired by Lender, Lender shall apply, no later than immediately prior to sale of the Property or its acquisition by Lender, whichever occurs first, any Funds held by Lender at the time of application as a credit against the sums
accrued by this Deed of Trust. 
  

	24.	Transfer of the Property; Assumption. The following events shall be referred to herein as a “Transfer” (1) a transfer or conveyance of title (or any portion thereof, legal
or equitable) of the Property (or any part thereof or interest therein), (ii) the execution of a contract or agreement creating a right to title (or any portion thereof, legal or equitable) in the Property (or any part thereof or interest therein),
(iii) or an agreement granting a possessory right in the Property (or any portion thereof), in excess of three (3) years, (iv) a sale or transfer of, or the execution of a contract or agreement creating a right to acquire or receive, more than fifty
percent (50%) of the controlling interest or more than fifty percent (50%) of the beneficial interest in the Borrower, (v) the reorganization, liquidation or dissolution of the Borrower. Not to be included as a Transfer are (i) the creation of a
lien or encumbrance subordinate to this Deed of Trust, (ii) the creation of a purchase money security interest for household appliances, or (iii) a transfer by deviso, deacent or by operation of the law upon the death of a joint tenant. At the
election of Lender, in the event of each and every transfer. 

  
 (a) All sums secured by this Deed of Trust shall become immediately due and payable (Acceleration). 
  
 (b) If a Transfer occurs and should Lender not exercise Lender’s option pursuant to this paragraph 24 to Accelerate, Transferee shall be deemed to
have assumed all of the obligations of Borrower under this Deed of Trust including all sums secured hereby whether or not the instrument evidencing such conveyance, contract or grant expressly so provides. This covenant shall run with the Property
and remain in full force and effect until said sums are paid in full. The Lender may without notice to the Borrower deal with Transferee in the same manner as with the Borrower with reference to said sums including the payment or credit to
Transferee of undisbursed reserve Funds on payment in full of said sums without in any way altering or discharging the Borrower’s liability hereunder for the obligations hereby secured. 
  
 (c) Should Lender not elect to Accelerate upon the occurrence of such
Transfer then, subject to (b) above, the mere fact of a lapse time or the acceptance of payment subsequent to any of such events, whether or not Lender had actual or constructive notice of such Transfer, shall not be deemed a waiver of Lender’s
right to make such election nor shall Lender be estopped therefrom by virtue thereof. The 
  

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 issuances on behalf of the Lender of a routine statement showing the status of the loan, whether or not
Lender had actual or constructive notice of such Transfer, shall not be a waiver or estoppel of Lenders said rights. 
  
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	25.	Borrower’s Copy. Borrower acknowledged receipt of a copy of the Note and this Deed of Trust. 

  
  

					
	 EXECUTED BY BORROWER
  
	 	 	 	 
	IF BORROWER IS NATURAL PERSON(S):	 	 	 	 
		
	
	 	

		
	
	 	doing business
as                                       
                                      
 
		
	Attest:	 	 WISE RECYCLING WEST, LLC.

	 	 	                            Name of
Corporation
	 /s/ James Tierney

	 	 	 	 
	                            Secretary	 	 /s/ Gary R. Cartis

	 	 	By: Gary R. Curtis, Vice-President
	IF BORROWER IS NATURAL PARTNERSHIP	 	 	 	 
		
	 	 	

	 	 	                             Name of Partnership

			
	 	 	by	 	

	 	 	                                General Partner

  
 STATE OF MARYLAND 
  
 COUNTY OF Anne Arundel 
  
 The foregoing instrument was acknowledged before me this 6th day of December, 2002, by GARY R. CURTIS and James Tienney.

  
 Witness my hand and official seal. 
  

			
	My Commission Expires: 9/1/06	 	 /s/ Kathleen G. Kalivota

	 	 	Kathleen G. Kalivoda

  

 8 of 8Environmental Cooperation Agreement

 Exhibit 10.17 
  
 ENVIRONMENTAL COOPERATION AGREEMENT 
  
 THIS AGREEMENT is entered into as of March 31, 1999 by REYNOLDS METALS COMPANY (“Reynolds”) and WISE ALLOYS LLC (“Buyer”).

  
 RECITALS 
  

	1.	This Agreement is being executed and delivered in accordance with Section 7.4 of the Asset Purchase Agreement, dated as of December 30, 1998 (the “Asset Purchase
Agreement”), by Reynolds. Southern Reclamation Company, Inc., Reynolds Aluminum Partners and Buyer. Unless otherwise defined in this Agreement, all capitalized terms shall have the meanings given them in the Asset Purchase Agreement.

  

	2.	Surface water running over portions of the Alloys Plant, the Alabama Reclamation Plant, the Surplus Real Estate, the site of Reynolds’ former Listerhill reduction plant (the
“Reduction Plant”), and the retention ponds serving the Alloys Plant drain into an open ditch system which runs through these areas and eventually is collected in a final retention pond and discharged under a National Pollutant
Discharge Elimination System wastewater permit for the Listerhill complex (the “NPDES Permit”). A diagram of the wastewater system for the Listerhill Complex (the “Wastewater System”) is attached to this Agreement
and labeled “Attachment 1” and a sketch of the system is attached to this Agreement, labeled “Attachment 2”. The various plants and other areas mentioned above are referred to in this Agreement collectively as the
“Listerhill Complex”. 

  

	3.	Reynolds and Buyer wish to provide for the joint and cooperative use of the Wastewater System serving the Listerhill Complex. 

  
 THEREFORE, for valuable consideration, receipt of which is acknowledged,
Reynolds and Buyer agree as follows: 
  
 ARTICLE I

 Operation of Wastewater System 
  
 1.1 NPDES Permit Compliance. On the Second Closing Date, Reynolds shall, subject to obtaining any necessary regulatory approvals, assign to Buyer
the NPDES Permit and Buyer shall accept the assignment and assume responsibility for compliance with the NPDES Permit for the entire Listerhill Complex, including but not limited to all sampling, analyses, maintenance of ditches, cleaning of
retention ponds as necessary to ensure maintenance of the wastewater collection system, beaver management, maintenance and operation of pumps to discharge collected storm water from the former white oil pond into the Wastewater System and general
operation of the Wastewater System. 
  
 1.2 Reynolds’
Responsibilities. Reynolds shall, at its expense, cause final wastewater discharge outfalls (outfalls labeled “DSN 004” and “DSN 007” in Attachments 1 and 2) to comply with all fluoride and cyanide requirements of the
NPDES Permit, and shall be responsible for all sampling, analytical and reporting costs for fluoride and cyanide monitoring required under the NPDES Permit with respect to final wastewater discharges, except that Buyer shall be responsible for
compliance with fluoride requirements attributable to its operations. 

 Reynolds shall have liability for environmental claims arising from cyanide and fluoride discharges and requirements
under Environmental Laws resulting from its activities and operations, whether such claims are raised by a governmental entity or third party. Buyer shall have liability for environmental claims arising from cyanide and fluoride discharges and
requirements under Environmental Laws resulting from its activities and operations, whether such claims are raised by a governmental entity or third party. Reynolds shall have the opportunity to provide written comments to Buyer regarding
negotiations with state and/or federal agencies in connection with fluoride issues relating to the final wastewater discharge for a new or renewed NPDES Permit to the extent that such issues arise from Reynolds’ past or present activities.
Reynolds shall also have the opportunity to participate in state or federal agency meetings with Buyer relating to fluoride in connection with the NPDES Permit. In regard to cyanide monitoring requirements and discharge limitations in the final
wastewater discharge for any new or renewed NPDES Permit, Reynolds shall assume primary responsibility for negotiations with respect to cyanide as it is regulated under the NPDES Permit. Reynolds’ responsibilities regarding the negotiation of
cyanide standards shall include, but not be limited to, preparing comments and support data and attending meetings with Buyer before state or federal agencies. 
  

1.3 Buyer’s Reporting Obligations to Reynolds. Buyer shall provide Reynolds with copies of all discharge monitoring reports (DMR’s) at
the same time they are submitted to the government. In addition, Buyer shall provide Reynolds and Reynolds shall provide Buyer with copies of any and all analyses prepared by or on behalf of Buyer or Reynolds which Buyer or Reynolds may otherwise
possess, relating to fluoride or cyanide analyses or tests performed on any Listerhill Complex-related wastewater. 
  
 1.4 Buyer’s General Responsibilities. Buyer shall have sole responsibility for compliance with the NPDES Permit requirements and for
maintaining the NPDES Permit for the entire Listerhill Complex. For the term of this Agreement, Buyer and Reynolds shall maintain a single Wastewater System for the Listerhill Complex which operates under one NPDES Permit and shall take all steps
reasonably necessary to obtain any necessary regulatory approvals to implement and maintain this arrangement. To the extent that such steps are related to Reynolds’ activities or prior operations at the Listerhill Complex, Reynolds shall incur
the costs associated with the steps required to ensure that the Alabama Department of Environmental Management (“ADEM”) issues a single NPDES Permit for the Listerhill Complex which incorporates discharge and monitoring requirements
for a single wastewater collection system for the Listerhill Complex. Reynolds and Buyer shall ensure that all steps taken in accordance with this Section are cost effective and not duplicative. Buyer shall not assign or transfer the NPDES Permit
without the prior written consent of Reynolds, which consent shall not be unreasonably withheld or delayed. Buyer shall consult with Reynolds prior to amending or changing the NPDES Permit, but shall not be precluded from doing so (except with
respect to cyanide standards or other requirements related to Reynolds activities or operations) since Buyer is solely responsible for compliance with the NPDES Permit. 
  

 2 

 ARTICLE II 
 Surface Drainage Easements 
  
 2.1 Surface Drainage. Reynolds hereby reserves a non-exclusive easement and right for surface drainage over each and every part of the Listerhill Complex, substantially to the same extent as exists on the date of this Agreement.
Buyer shall maintain its land within the Listerhill Complex so as to minimize, to the extent reasonably possible, surface drainage interference with the use of Reynolds’ retained land. The foregoing surface drainage easement shall include, but
not be limited to, the right to continue to pump storm water collected from Reynolds’ former white oil pond area into the Wastewater System. 
  
 2.2 Wastewater System. Reynolds hereby grants to Buyer non-exclusive easements across, over and under such portions of the lands retained by
Reynolds under the Asset Purchase Agreement (except “Black Mud Lake No. 1” and “Black Mud Lake No. 2” shown on Attachment 2) as are reasonably necessary for the maintenance and operation of the
Wastewater System. The foregoing non-exclusive easements for the Wastewater System shall include, but not be limited to, the right to maintain, use, repair and replace the drainage ditches; provided however, replacement of drainage ditches shall not
be undertaken without Reynolds prior written consent, which consent shall not be unreasonably withheld or delayed. 
  
 2.3 Recordation. Buyer and Reynolds each agrees for itself and its successors in title, that it will execute such documents in recordable form and
in compliance with the requirements and laws of Alabama as may be reasonably necessary to confirm the provisions of this Article II. 
  
 ARTICLE III 
 License of Process Water
Retention Ponds 
  
 3.1 General. The Alloys Plant
discharges process waste water into process water retention ponds situated on top of a red mud surface impoundment (the “Red Mud Impoundment”) which, in the past, served as a impoundment area for the Reduction Plant. The Reduction
Plant has been closed and removed from the Listerhill Complex and the Red Mud Impoundment has been closed and is no longer in use for any operations at the Listerhill Complex. The process water retention ponds comprise two equalization ponds, the
South Retention Pond and the North Retention Pond, which are illustrated in the sketch attached to this Agreement as “Attachment 2” (the “Process Water Retention Ponds”). Reynolds retains responsibility under Environmental
Laws for the Red Mud Impoundment over which the Process Water Retention Ponds are situated and Reynolds retains responsibility for its prior use and operations of the Process Water Retention Ponds. Reynolds is willing to allow Buyer to use the
Process Water Retention Ponds to support the operations of the Alloys Plant on the condition that Buyer shall strictly comply with Environmental Laws and shall not, in any way, increase Reynolds’ exposure to environmental liability related to
Reynolds’ prior use and operations associated with the Red Mud Impoundment and the Process Water Retention Ponds which are located on land retained by Reynolds. 
  
 For purposes of this Agreement, Reynolds and Buyer acknowledge that operations at the Alloys Plant will continue to be
conducted in the same manner and mode as when Reynolds previously operated the Alloys Plant and that the same constituents will be discharged into the 
  

 3 

 Process Water Retention Ponds and Wastewater System as were discharged during Reynolds’ operation of the facility.
It is further acknowledged by both Reynolds and Buyer that there are no existing environmental claims, concerns or issues associated with Reynolds’ past use and operations of the Process Water Retention Ponds known to Reynolds or Buyer and
there should be no environmental claims, concerns or issues arising from Buyer’s use of the Process Water Retention Ponds to the extent that Buyer is operating the Alloys Plant in the same manner and mode as Reynolds did. Should Buyer, however,
change existing operations existing at the Alloys Plant, Buyer shall notify Reynolds of such and provide written documentation regarding the process changes that are made to assist in a later determination, if necessary, as to whether such process
changes have had any environmental impact on the Process Water Retention Ponds. Moreover, should Buyer or its consultant conduct monitoring of the Process Water Retention Ponds, Buyer will share the results of such data collection with Reynolds
within a reasonable period after such data is obtained. 
  
 3.2
Grant of License. Reynolds hereby grants a personal, nontransferable license to Buyer to discharge process water from any existing operations included in the Purchased Assets (substantially to the same extent as Reynolds’ previous
operations) into the Process Water Retention Ponds on the terms and conditions set forth in this Agreement. 
  
 3.3 Maintenance of Process Water Retention Ponds. Buyer shall be responsible for maintaining the Process Water Retention Ponds at no cost or
expense to Reynolds. In exercising its responsibilities, Buyer shall make all necessary repairs to the Process Water Retention Ponds, ordinary and extraordinary, foreseen and unforeseen, and maintain and keep such improvements in good order, repair
and condition. Buyer shall comply with all applicable laws, including without limitation, Environmental Laws and the requirements of the NPDES Permit, in the operation and maintenance of the Process Water Retention Ponds. If a governmental authority
requires any substantial upgrade or improvement to the Process Water Retention Ponds as a condition of issuing the NPDES Permit, Buyer shall relocate the Process Water Retention Ponds to land owned by Buyer and Reynolds will reimburse Buyer for 50%
of the cost of such relocation, or $1 million, whichever is less. 
  
 3.4 Term of License. The license granted under this Article III (the “License”) shall expire upon the first to occur of the following: (a) the sale or transfer of the Alloys Plant; (b) a change of control of Buyer;
(c) seven years from the date of this Agreement; or (d) termination of this Agreement. For purposes of this Agreement: 
  
 (i) a transfer of the Alloys Plant shall not be deemed to have occurred upon a transfer of all or any portion of the Alloys Plant to an
entity or individual who holds title merely as security for the performance of an obligation, such as a mortgagee or trustee under a deed of trust, but no mortgagee or trustee under a deed of trust may transfer this license without the prior written
consent of Reynolds; and 
  
 (ii) a change of
control of Buyer shall be deemed to have occurred whenever there has been a transfer, directly or indirectly, of power either (A) to vote 50% of more of the securities having voting power for the election of directors of Buyer or (B) to direct

  

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 or cause the direction of the management and policies of Buyer whether by contract or otherwise.

  
 In order to prepare for an orderly transition, Reynolds and Buyer agree to
discuss the termination or possible extension of the License on or before the fifth anniversary of this Agreement. If the parties do not agree to the terms of an extension of this Agreement within three months thereafter, the License shall terminate
as provided above. Nothing herein should be construed to require Reynolds to extend this License beyond the original seven-year term. 
  
 3.5 Environmental Matters. Neither Reynolds nor Buyer shall use the Process Water Retention Ponds for the storage, treatment, generation,
transportation, processing, handling or disposal of any Hazardous Materials in violation of any Environmental Laws or Environmental Permits. Further, Buyer shall not cause or in any way directly or indirectly contribute to any potential existing
condition arising from Reynolds’ past operations that is or may be characterized by any federal, state or local government or agency as an actual or potential threat or endangerment to health or the environment. If Buyer or Reynolds discovers
that the Process Water Retention Ponds have been contaminated by any Hazardous Materials released by or in any way attributable to the activities of Buyer during its use of the Process Water Retention Ponds or the migration of Hazardous Materials
originally introduced into the environment by Buyer’s activities, then (a) Buyer at its expense shall: 
  
 (i) reimburse Reynolds for the costs of any testing, analysis, and assessment conducted by Reynolds or its consultants with respect to the
Hazardous Materials it has released or allowed to migrate into the environment; 
  
 (ii) remove such Hazardous Materials from Reynolds’ retained land and the adjoining property east of Black Mud Lake No. 1 and Black
Mud Lake No. 2, if such Hazardous Materials migrated to such adjoining property; 
  
 (iii) dispose of such Hazardous Materials strictly in accordance with applicable law; 
  
 (iv) perform any remediation work on Reynolds’ retained
land required by governmental authorities in accordance with Environmental Laws; 
  
 (v) assist Reynolds with closure of the Process Water Retention Ponds and share the cost of such closure, solely limited to Buyer’s
contribution of Hazardous Materials to the Process Water Retention Ponds; 
  
 and
(b) Reynolds may, at Reynolds’ option, terminate the License upon one year’s prior written notice. 
  
 3.6 Remediation Work to Wastewater System on Reynolds’ Retained Land. If remediation work is required under applicable Environmental Laws with
respect to the Wastewater System (including the Process Water Retention Ponds) on land retained by Reynolds (and not conveyed to Buyer), Reynolds or its environmental consultants shall prepare the work plan for such removal, disposal and
remediation, and Reynolds shall select such engineers or 
  

 5 

 other persons as it deems appropriate to carry out the work plan, with the approval of Buyer, such approval not to be
unreasonably withheld or delayed. Additionally, Reynolds shall conduct all such remediation activity in accordance with the work plan and allow a reasonable opportunity for Buyer’s designated environmental personnel, consultants and contractors
to consider and comment upon all material matters, and any dispute or disagreement between the parties regarding any aspect of such remediation activity, including any determination by Reynolds, shall be subject to the dispute resolution provisions
of Section 10.9 of the Asset Purchase Agreement. All removal, disposal or remediation activity will be conducted under applicable environmental regulatory programs in the State of Alabama and will be considered complete when the applicable state
authority issues a written confirmation that no further remediation activity is required in order to comply with applicable Environmental Laws. 
  
 3.7 Remediation Work to Wastewater System on Buyer’s Land. If remediation work is required under applicable Environmental Laws with respect to
the Wastewater System on land owned by Buyer, Buyer or its environmental consultants shall prepare the work plan for such removal, disposal and remediation, and Buyer shall select such engineers or other persons as it deems appropriate to carry out
the work plan, with the approval of Reynolds, such approval not to be unreasonably withheld or delayed. Additionally, Buyer shall conduct all such remediation activity in accordance with the work plan and allow a reasonable opportunity for
Reynolds’ designated environmental personnel, consultants and contractors to consider and comment upon all material matters, and any dispute or disagreement between the parties regarding any aspect of such remediation activity, including any
determination by Buyer, shall be subject to the dispute resolution provisions of Section 10.9 of the Asset Purchase Agreement. All removal, disposal or remediation activity will be conducted under applicable environmental regulatory programs in the
State of Alabama and will be considered complete when the applicable state authority issues a written confirmation that no further remediation activity is required in order to comply with applicable Environmental Laws. 
  
 ARTICLE IV 
 Representations, Warranties and Covenants 
  
 4.1 Representations, Warranties and Covenants of Buyer. Buyer warrants, represents and covenants to Reynolds that it shall, at its own expense:

  
 (i) comply promptly with all applicable
Environmental Laws with respect to its obligations under this Agreement; 
  
 (ii) immediately notify Reynolds if it receives any notice of violation, noncompliance or other written communication by any governmental authority or others of any violation of any Environmental Law with respect to
the Wastewater System or the Process Water Retention Ponds; and 
  
 (iii) immediately inform Reynolds if Buyer becomes aware of or causes a release of Hazardous Materials on the Listerhill Complex or anywhere in the vicinity thereof. 
  

 6 

 4.2 Representations, Warranties and Covenants of Reynolds. Reynolds warrants, represents
and covenants to Buyer that it shall, at its own expense: 
  
 (i) comply promptly with all applicable Environmental Laws with respect to its obligations under this Agreement; 
  
 (ii) immediately notify Buyer if it receives any notice of violation, noncompliance or other written communication by any governmental
authority or others of any violation of any Environmental Laws with respect to the Wastewater System or the Process Water Retention Ponds; and 
  
 (iii) immediately inform Buyer if Reynolds becomes aware of or causes a release of Hazardous Materials on the Listerhill Complex or
anywhere in the vicinity thereof. 
  
 ARTICLE V 

Indemnity and Insurance 
  
 5.1 Buyer’s Indemnity. With regard to Buyer’s obligations under this Agreement, Buyer shall be liable for and shall defend, indemnify and
hold Reynolds harmless from and against any and all claims, response or remediation costs, losses, damages, penalties, other costs, actions, judgments, expenses, and liabilities of every kind and nature whatsoever (including, without limitation,
attorneys’ and consultants’ fees and costs and expenses of investigation, remediation or defense) which arise either directly or indirectly from: 
  
 (i) Buyer’s violation of any Environmental Laws; 
  
 (ii) the generation, treatment, storage, spillage, handling, disposal or release by Buyer or any of its
affiliates, agents, contractors, employees, or invitees of any Hazardous Materials on or about the Listerhill Complex; 
  
 (iii) the breach by Buyer of any of its warranties, representations, or covenants contained in this Agreement; or 
  
 (iv) damage to or loss of property and injury to or death of
any person or persons. 
  
 5.2 Reynolds’ Indemnity.
With regard to Reynolds’ obligations under this Agreement, Reynolds shall be liable for and shall defend, indemnify and hold Buyer harmless from and against any and all claims, response or remediation costs, losses, damages, penalties, other
costs, actions, judgments, expenses, and liabilities of every kind and nature whatsoever (including, without limitation, attorneys’ and consultants’ fees and costs and expenses of investigation, remediation or defense) which arise either
directly or indirectly from: 
  
 (i)
Reynolds’ violation of any Environmental Laws; 
  

 7 

 (ii) the generation, treatment, storage, spillage, handling, disposal or release by
Reynolds or any of its affiliates, agents, contractors, employees, or invitees of any Hazardous Materials on or about the Listerhill Complex; 
  
 (iii) the breach by Reynolds of any of its warranties, representations, or covenants contained in this Agreement; or 
  
 (iv) damage to or loss of property and injury to or death of
any person or persons. 
  
 5.3 Buyer’s Insurance.
During the term of this Agreement, Buyer shall obtain and maintain comprehensive general liability insurance with a combined single limit for bodily injury and property damage of at least $5,000,000 per occurrence; workers compensation insurance in
statutory amounts; and employer’s liability insurance with a combined single limit of at least $1,000,000. Buyer shall not discharge water from the Alloys Plant to the Process Water Retention Ponds, or use the Wastewater System until it has
furnished Reynolds with certificates satisfactory to Reynolds that valid insurance policies for the insurance required above are in effect and will remain in effect for the term of this Agreement, and listing Reynolds as an additional insured.

  
 ARTICLE VI 
 Term and Termination 
  
 6.1 Term. Subject to Section 3.4 and Section 6.2, this Agreement shall continue In effect until December 31, 2009, and thereafter, shall be
automatically extended for consecutive two-year terms unless either party provides notice to the other party of its intent not to continue extending the term of this Agreement on a two-year basis, in which event, this Agreement shall terminate one
year after such notice; provided however, if the parties are progressing diligently to separate the Wastewater System, the termination date shall be extended for up to an additional year to permit completion of the separation. In the event of
termination, each party will cooperate with the other in providing such easements and other access as may be reasonably required to separate the Wastewater System. 
  
 6.2 Termination. A party shall have the right to terminate this Agreement if the other party to this Agreement fails
to observe or perform any of the material covenants, conditions or provisions of this Agreement to be observed or performed by such party, and such failure continues for a period of thirty days after receipt of written notice from the non-defaulting
party; provided however, that if the nature of the problem requires more than thirty days to be resolved, then the right to terminate this Agreement shall be suspended as long as the defaulting party commences a cure or resolution of the issue
within the thirty-day period and thereafter diligently prosecutes the cure or resolution to completion. 
  
 ARTICLE VII 
 Miscellaneous 
  
 7.1 Notices. All notices required or permitted to be given hereunder
shall be in writing and may be delivered by hand, by facsimile, by nationally recognized private courier, or 
  

 8 

 by United States mail. Notices delivered by mall shall be deemed given seven business days after being deposited in the
United States mail, postage prepaid, registered or certified mail. Notices delivered by hand, by facsimile, or by nationally recognized private courier shall be deemed given on the first business day following receipt; provided,
however, that a notice delivered by facsimile shall only be effective if such notice is also delivered by hand, or deposited in the United States mail, postage prepaid, registered or certified mail, on or before two business days after its
delivery by facsimile. All notices shall be addressed as follows: 
  
 If to Reynolds 
 Addressed to: 
  
 Reynolds Metals Company 
 6601 West Broad Street 
 Richmond, Virginia 23230 
 Attention:  Corporate Secretary 
 Facsimile:  (804) 281-3740 
  
 If to Buyer 
 Addressed to: 
  
 Wise Alloys LLC 
 c/o Wise Metals 
 800 Central Avenue

 Baltimore, Maryland 21240 
 Attention:  John Cameron 
 Facsimile:  (410) 636-1564 
  
 and/or to such other addresses and/or addressees as may be designated by notice given in
accordance with the provisions of this Section 7.1. 
  
 7.2
Entire Agreement. This Agreement and the Asset Purchase Agreement constitute the entire agreement between the parties with respect to the subject matter hereof. Each attachment to this Agreement shall be considered incorporated into this
Agreement. 
  
 7.3 Non-Waiver. The failure in any one or
more instances of a party to insist upon performance of any of the terms, covenants or conditions of this Agreement, to exercise any right or privilege conferred by this Agreement, or the waiver by such party of any breach of any of the terms,
covenants or conditions of this Agreement, shall not be construed as a subsequent waiver of any such terms, covenants, conditions, rights or privileges, but the same shall continue and remain in full force and effect as if no such forbearance or
waiver had occurred. No waiver shall be effective unless it is in writing and signed by an authorized representative of the waiving party. 
  
 7.4 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original, and all such
counterparts shall constitute but one instrument. 
  

 9 

 7.5 Severability. The invalidity of any provision of this Agreement or portion of a provision
shall not affect the validity of any other provision of this Agreement or the remaining portion of the applicable provision. 
  
 7.6 Applicable Law. This Agreement shall be governed by and interpreted in accordance with the laws of the Commonwealth of Virginia, except that
all environmental legal and regulatory requirements shall be governed by and interpreted in accordance with the laws of the State of Alabama without reference to its principles of conflicts of laws. 
  
 7.7 Binding Effect; Benefit. This Agreement shall inure to the benefit
of and be binding upon the parties, and their successors and permitted assigns. Nothing in this Agreement, express or implied, is intended to confer on any person other than the parties and their respective successors and permitted assigns any
rights, remedies, obligations or liabilities under or by reason of this Agreement, including, without limitation, any third party beneficiary rights. 
  
 7.8 Assignability. This Agreement shall not be transferred or assigned by either party without the prior written consent of the other party. The
preceding sentence notwithstanding, Reynolds Aluminum Partners may assign and transfer its respective rights and obligations under this Agreement to Reynolds without Buyer’s consent. 
  
 7.9 Amendments. Any amendments, or alternative or supplementary provisions to this Agreement, must be made in writing
and duly executed by an authorized representative or agent of each of the parties. 
  
 7.10 Headings. The headings contained in this Agreement are for convenience of reference only and shall not affect the meaning or interpretation of this Agreement. Unless otherwise indicated, all references to
sections, are to sections of this Agreement. 
  
 7.11 Waiver of
Jury Trial. Each of the parties waives any rights to a jury trial in connection with any suit, action or proceeding seeking enforcement of such party’s rights under this Agreement. 
  
 7.12 Confidentiality. Buyer shall treat as confidential and shall not,
without the written consent of Reynolds, disclose to any third party or to the public any information obtained through any environmental assessment or investigation of the Listerhill Complex, or any portion thereof, which is not publicly known.
Notwithstanding the foregoing, any such confidential information may be disclosed to a governmental agency or to the public if Buyer believes in good faith that such disclosure is required by pertinent law, and Buyer notifies Reynolds in writing of
its intent to disclose such confidential information within a reasonable period of time before such disclosure. 
  
 7.13 Southern Reclamation Plant. 
  

	 	(a)	Assignment of NPDES and Storm Water Discharge. At the Second Closing, Reynolds shall, subject to obtaining any necessary regulatory approvals, assign to Buyer its National
Pollutant Discharge Elimination System (“NPDES”) permit (AL0000027) for the Southern Reclamation Plant, which permits the discharge of 

  

 10 

	 	    	storm water from Retention Pond No. 4 to Lake Wilson and non-contact cooling water and steam cleaning waste water to the Tennessee River. Effluent running off property retained by
Reynolds at the Southern Reclamation Plant shall continue to be discharged under the same NPDES permit, to the extent a permit is required, as long as there is no change in the current use of property retained by Reynolds at the Southern Reclamation
Plant. In the event the Southern Reclamation Plant lease is terminated or expires, Buyer shall reassign the NPDES permit for the Southern Reclamation Plant to Reynolds, subject to obtaining any necessary regulatory approvals.

  

	 	(b)	Retention Pond No. 4, Use of Septic Tanks and Discharge of Storm Water Near Railroad Lines and Tennessee River Road. Reynolds hereby grants a personal, nontransferable
license to Buyer to discharge storm water to Reynolds’ existing Retention Pond No. 4 and to discharge sanitary waste to Reynolds’ existing septic tanks located on the Southern Reclamation Plant for the term of the Southern Reclamation
Plant lease. In addition, Reynolds hereby grants a personal, non-transferable license to Buyer to discharge storm water onto property retained by Reynolds in the location east and south of the railroad lines and Hot Metal Road and Tennessee River
Road for the term of the Southern Reclamation Plant lease. Reynolds and Buyer will review the need for additional storm water control measures and/or a modified or new NPDES permit should the discharge of storm water in this location become subject
to regulation by ADEM in the future due to future industrial activity by Buyer. In such case, Buyer shall preclude the further discharge of storm water in this location of the plant and implement storm water prevention and control measures as
required by ADEM. 

  

	 	(c)	Environmental Cooperation. For purposes of this Agreement, Reynolds and Buyer acknowledge that operations at the Southern Reclamation Plant will continue to be conducted in
the same manner and mode as when Reynolds previously operated the Southern Reclamation Plant and that the same constituents will be discharged into Retention Pond No. 4 as were discharged during Reynolds’ operation of the facility. It is
further acknowledged by both Reynolds and Buyer that there are no existing environmental claims, concerns or issues associated with Reynolds’ past use and operations of the Southern Reclamation Plant known to Reynolds or Buyer and there should
be no environmental claims, concerns or issues arising from Buyer’s use of Retention Pond No. 4 to the extent that Buyer is operating the Southern Reclamation Plant in the same manner and mode as Reynolds did. Should Buyer, however, change
existing operations existing at the Southern Reclamation Plant, Buyer shall notify Reynolds of such and provide written documentation regarding the process changes that are made to assist in a later determination, if necessary, as to whether such
process changes have had any environmental impact on Retention Pond No. 4. Moreover, should Buyer or its consultant conduct monitoring of Retention Pond No. 4 or the septic tanks, Buyer will share the results of such data collection with Reynolds
within a reasonable period after such data is obtained. 

  

 11 

	 	(d)	Indemnity. For avoidance of doubt, the Indemnity and insurance provisions of Article V of this Agreement shall apply to this Section 7.13. 

  

 12 

 Each party has therefore caused this Agreement to be duly executed on its behalf. 
  
  

			
	REYNOLDS METALS COMPANY
		
	By:	 	/s/ John B. Kelzer
	Its:	 	Vice President
	
	WISE ALLOYS LLC
		
	By:	 	/s/ George P. Stoe
	Its:	 	Executive V.P.

  

 13

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