Document:

EX-10.9.1

 Exhibit 10.9.1 

Execution Version 
 Dated
12 November 2013 
 GE CAPITAL BANK AG 

Heinrich-von-Brentano-Str. 2, 55130 Mainz, Germany 

and 
 Constellium Valais AG
(formerly: Alcan Aluminium Valais AG) 
 3960 Sierre, Switzerland 

 
  

AMENDMENT AGREEMENT 
 to a
Factoring Agreement (dated 16 December 2010) 
  

 

 Execution Version 
  

 Index 
  

					
	Section	  	Page	 
		
	 1. DEFINITIONS
	  	 	3	  
		
	 2. INTERPRETATION
	  	 	3	  
		
	 3. AMENDMENT TO THE FACTORING AGREEMENT
	  	 	4	  
		
	 4. PARTIAL INVALIDITY; WAIVER
	  	 	4	  
		
	 5. APPLICABLE LAW; JURISDICTION
	  	 	4	  

 Execution Version 
  

 This Amendment Agreement (the “Agreement”) is dated 12 November 2013, and entered into
between 
  

	(1)	GE Capital Bank AG, Heinrich-von-Brentano-Str. 2, 55130 Mainz, Germany, (hereafter referred to as “GE CAPITAL”); and 

 

	(2)	Constellium Valais AG (formerly: Alcan Aluminium Valais AG), registered with the commercial register of the canton of Valais with company number CH-6263.000.048-9, having its registered seat at 3960 Sierre, Switzerland,
(hereafter referred to as the “Originator”). 

 GE CAPITAL and the Originator are hereafter referred to as the
“Parties”. 
 WHEREAS: 
  

	(1)	GE CAPITAL as purchaser and the Originator as seller entered into a factoring agreement and an amendment agreement to such factoring agreement, both dated 16 December 2012, pursuant to which the Originator sells
certain receivables to GE CAPITAL (the “Factoring Agreement”). 

  

	(2)	Due to a corporate restructuring within the Originator’s group (the “Restructuring”), the names of certain members of the Group (as defined by reference be!ow) have been changed. 

 

	(3)	GE Capital together with further GE companies, and further companies belonging to the same group as the Originator, entered into additional factoring agreements, and are in the process to enter into that certain
refinancing transaction (the “Refinancing”). 

  

	(4)	In the course of the Refinancing, the Parties have agreed to amend the Factoring Agreement with respect to the Maximum Commitment and the Termination Date (each as defined in the Factoring Agreement). 

GE CAPITAL and the Originator have agreed to enter into this Agreement in order to amend the Factoring Agreement which is necessary due to the Restructuring
and the Refinancing. 
  

	1.	DEFINITIONS 

 Capitalised terms have the meaning ascribed to them in the Factoring Agreement, unless
otherwise defined herein. 
  

	2.	INTERPRETATION 

 Due to the Restructuring, the names of certain companies of the Group have
changed. Accordingly, any reference to the companies’ former names shall be construed as to references to their current names as follows, (as applicable): 
  

			
	 Former Name
	  	 Current name

	Alcan Singen GmbH	  	Constellium Singen GmbH
	Alcan Aluminium Presswerke GmbH	  	Constellium Extrusions Deutschland GmbH
	Alcan Aluminium Valais AG,	  	Constellium Valais AG

  
 - 3 - 

 Execution Version 
  

	3.	AMENDMENT TO THE FACTORING AGREEMENT 

  

	3.1.	Schedule 1 (Terms and Conditions) clause 4 (Maximum Commitment) shall be amended in whole and read as follows: 

“GE CAPITAL will set a maximum limit for each Constellium Singen GmbH, Constellium Extrusions Deutschland GmbH and Constellium Valais AG
provided that the total aggregate Maximum Commitment under the respective factoring agreements between GE CAPITAL and Constellium Singen GmbH, Constellium Extrusions Deutschland GmbH and Constellium Valais AG amounts to 115,000,000.00 EUR (one
hundred and fifteen million Euro) and which can be changed upon request of the respective originator(s).” 
  

	3.2.	Schedule 1 (Terms and Conditions) clause 6 (Termination Date) shall be amended in whole and read as follows: 

“04 June 2017” 
  

	4.	PARTIAL INVALIDITY; WAIVER 

  

	4.1.	Invalidity 

 If any provision of this Agreement should be or become invalid or unenforceable in
whole or in part, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be deemed replaced by that provision which best meets the intent and the economic purpose of the void or
unenforceable provision. 
  

	4.2.	Waiver 

 No failure to exercise, nor any delay in exercising, on the part of the Originator or
GE CAPITAL, any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and
remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by law. 
  

	5.	APPLICABLE LAW; JURISDICTION 

  

	5.1.	Applicable Law 

 This Agreement shall be governed by and construed in accordance with the laws
of the Switzerland. 
  

	5.2.	Swiss Courts 

 Any and all litigation to which this Agreement may give rise shall be subject to
the exclusive jurisdiction of the competent courts in Zurich 1, Switzerland, with reservation of the right of appeal to the Swiss Federal Court in Lausanne. 

  
 - 4 - 

 Execution Version 
  

 SIGNATORIES 
  

							
	GE CAPITAL BANK AG
				
		 	

	 		 	

		 	  
	 		 	  

	Signed by:	 		 		 	
				
	Title:	 	

	 		 	

				
		 	13. NOV. 2013	 		 	13. NOV. 2013
			
	Constellium Valais AG	 		 	
				
		 	

	 		 	
		 	  
	 		 	  

	Signed by:	 	C. Sahyoun	 		 	
				
	Title:	 		 		 	

  
 - 5 -EX-10.10.1

 Exhibit 10.10.1 

Execution Version 
 Dated 12 November 2013

 GE CAPITAL BANK AG 

Heinrich-von-Brentano-Str. 2, 55130 Mainz, Germany 

and 
 Constellium Extrusions
Deutschland GmbH 
 (formerly: Alcan Aluminium Presswerke GmbH) 

Bildstraße 4, 74564 Crailsheim, Germany 
  

 
 AMENDMENT
AGREEMENT 
 to a Factoring Agreement (dated 16 December 2010) 

 
  

 
 

 

 Index 
  

					
	Section	  	Page	 
		
	 1. DEFINITIONS
	  	 	3	  
		
	 2. INTERPRETATION
	  	 	3	  
		
	 3. AMENDMENT TO THE FACTORING AGREEMENT
	  	 	4	  
		
	 4. PARTIAL INVALIDITY; WAIVER
	  	 	4	  
		
	 5. APPLICABLE LAW; JURISDICTION
	  	 	4	  

 This Amendment Agreement (the “Agreement”) is dated 12 November 2013, and entered into
between 
  

	(1)	GE CAPITAL BANK AG, Heinrich-von-Brentano-Str. 2, 55130 Mainz, Germany, (hereafter referred to as “GE CAPITAL”); and 

 

	(2)	CONSTELLIUM EXTRUSIONS DEUTSCHLAND GMBH (formerly: Alcan Aluminium Presswerke GmbH), registered with the commercial register of the local court (Amtsgericht) of Ulm, with registration number HRB 670619,
having its registered seat at Bildstraße 4, 74564 Crailsheim, Germany, (hereafter referred to as the “Originator”). 

 GE
CAPITAL and Constellium Extrusions are hereafter referred to as the “Parties”. 
 WHEREAS: 

 

	(1)	GE Capital as purchaser and the Originator as seller entered into a factoring agreement 16 December 2012, pursuant to which the Originator sells certain receivables to GE CAPITAL (the “Factoring
Agreement”). 

  

	(2)	Due to a corporate restructuring within the Originator’s group (the “Restructuring”), the names of certain members of the Group (as defined by reference below) have changed. 

 

	(3)	GE Capital together with further GE companies, and further companies belonging to the same group as the Originator, entered into additional factoring agreements, and are in the process to enter into that certain
refinancing transaction (the “Refinancing”). 

  

	(4)	In the course of the Refinancing, the Parties have agreed to amend the Factoring Agreement with respect to the Maximum Commitment and the Termination Date (each as defined in the Factoring Agreement). 

GE CAPITAL and the ORIGINATOR have agreed to enter into this Agreement in order to amend the Factoring Agreement which are necessary due to the
Restructuring and the Refinancing. 
  

	1.	DEFINITIONS 

 Terms in italics have the meaning ascribed to them in the Factoring
Agreement, unless otherwise defined herein. 
  

	2.	INTERPRETATION 

 Due to the Restructuring, the names of certain companies of the
Group have changed. Accordingly, any reference to the companies’ former names shall be construed as to references to their current names as follows, (as applicable): 

 

			
	 Former Name
	  	 Current name

	Alcan Aluminium Presswerke GmbH	  	Constellium Singen GmbH
	Alcan Aluminium Presswerke GmbH	  	Constellium Extrusions Deutschland GmbH
	Alcan Aluminium Valais SA, Sierre	  	Constellium Valais SA

  
 - 3 - 

	3.	AMENDMENT TO THE FACTORING AGREEMENT 

  

	3.1.	Schedule 1 (Terms and Conditions) clause 4 (Maximum Commitment) shall be amended in whole and read as follows: 

“GE CAPITAL will set a maximum limit for each Constellium Singen GmbH (formerly Alcan Singen GmbH), Constellium Extrusions Deutschland
GmbH (formerly Alcan Aluminium Presswerke GmbH) and Constellium Valais SA (formerly Alcan Aluminium Valais SA, Sierre), provided that the total aggregate Maximum Commitment under the respective factoring agreements between GE CAPITAL and Constellium
Singen GmbH (formerly Alcan Singen GmbH), Constellium Extrusions Deutschland GmbH (formerly Alcan Aluminium Presswerke GmbH) and Constellium Valais SA (formerly Alcan Aluminium Valais SA, Sierre) amounts to 115,000,000.00 EUR (one hundred and
fifteen million Euro) and which can be changed upon request of the respective originator(s).” 
  

	3.2.	Schedule 1 (Terms and Conditions) clause 6 (Termination Date) shall be amended in whole and read as follows: 

“04 June 2017” 
  

	4.	PARTIAL INVALIDITY; WAIVER 

  

	4.1.	Invalidity 

 If any provision of this Agreement should be or become invalid or
unenforceable in whole or in part, this shall not affect the validity of the remaining provisions hereof. The invalid or unenforceable provision shall be deemed replaced by that provision which best meets the intent and the economic purpose of the
void or unenforceable provision. 
  

	4.2.	Waiver 

 No failure to exercise, nor any delay in exercising, on the part of the
Originator or GE CAPITAL, any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy.
The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by law. 
  

	5.	APPLICABLE LAW; JURISDICTION 

  

	5.1.	Applicable Law 

 This Agreement shall be governed by and construed in accordance with the
laws of the Federal Republic of Germany. 
  

	5.2.	German Courts 

 The courts of Mainz have exclusive jurisdiction to settle any dispute
arising out of or in connection with this Agreement (including a dispute regarding the existence, validity or termination of this Agreement or the consequences of its nullity). 

  
 - 4 - 

 SIGNATORIES 
  

							
	GE CAPITAL BANK AG
				
		 	

	 		 	

		 	  
	 		 	  

	Signed by:	 		 		 	
				
	Title:	 	

	 		 	

				
		 	13. NOV. 2013	 		 	13. NOV. 2013
	
	Constellium Extrusions Deutschland GmbH
				
		 	

	 		 	
		 	  
	 		 	  

	Signed by:	 	C. Sahyoun	 		 	
				
	Title:	 		 		 	

  
 - 5 -

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