Document:

exv10w1

EMPLOYMENT AGREEMENT

This Employment Agreement (“Agreement”) is dated June 17, 2008 by and between Cognex Corporation, a
Massachusetts corporation having its principal place of business at One Vision Drive, Natick, MA
01760-2059 (“Cognex” or the “Company”) and Robert Willett (“Employee”).

1. POSITION:

Employee will join Company as an Executive Vice President of Cognex (a corporate officer) and the
President of its MVSD Division and will be an “employee at will” according to the laws of the
Commonwealth of Massachusetts, where employment at Cognex can be terminated at any time by either
Employee or Cognex, with or without any reason.

2. COMPENSATION:

Employee’s starting annual base salary will be $225,000 with a bonus target of $150,000 and a
maximum bonus potential of $300,000.

The Compensation Committee of Cognex’s Board of Directors has granted Employee stock options as
shown below:

	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Option	 	 	Number of Shares	 	 	Vesting Schedule	 
	 	1

	 	 	 	200,000	 	 	 	Vests 25% each year over the first four years
of employment	 
	 	2

	 	 	 	50,000	 	 	 	Cliff vests at the end of the 5th
year of employment	 
	 	3

	 	 	 	50,000	 	 	 	Cliff vests at the end of the 6th
year of employment	 
	 	4

	 	 	 	50,000	 	 	 	Vests monthly over the first forty eight (48)
months of employment	 
	 

The exercise price of the shares in each of the four option grants above is $27.13, the market
closing price on June 17, 2008, the date of the grants. Other terms and conditions of each of the
options are in accordance with the Company’s 2007 Stock Option Plan.

3. BENEFITS: Employee is entitled to the following benefits:

	 	•	 	All of Cognex’s standard employee benefits.
	 
	 	•	 	25 days of Paid Time Off and 10 paid holidays each year.
	 
	 	•	 	Legal Assistance

Cognex will reimburse Employee up to $2,000 for legal expenses incurred in the review of
this Agreement.

	 	•	 	Relocation Assistance

Cognex will reimburse Employee for certain out-of-pocket expenses incurred in moving to a
new home in the Boston area, including the cost of moving household goods and motor
vehicles, one-way travel expenses for Employee and family and up to $75,000 in realtor fees
and legal costs incurred in the sale of Employee’s current home.

	 	•	 	Change of Control Benefit

When used herein the term “Change of Control” shall mean that control of Cognex has been
moved from a Board of Directors selected by public shareholders to individuals who are
appointed by a new owner of Cognex. Notwithstanding the foregoing, the change of the Board
of Directors pursuant to a purchase of Cognex by a financial buyer shall not be deemed to be
a Change of Control.

 

	 	•	 	If there is a Change of Control at any time during your first four years of
employment at Cognex, and you are not given the opportunity to remain in your role,
then all of the then-remaining unvested shares in Option #1 shall immediately vest.
	 
	 	•	 	If there is a Change of Control at any time during your fifth year of
employment at Cognex, and you are not given the opportunity to remain in your role,
then all of the then-remaining unvested shares in Option #2 shall immediately vest.
	 
	 	•	 	If there is a Change of Control at any time during your sixth year of
employment at Cognex, and you are not given the opportunity to remain in your role,
then all of the then-remaining unvested shares in Option #3 shall immediately vest.
	 
	 	•	 	If there is a Change of Control at any time during your first four years of
employment at Cognex, and you are given the opportunity to stay in your role, and you
stay in that role for 12 months, then all of the then-remaining unvested shares in
Option #1 shall vest no later than 12 months after the Change of Control occurs.
	 
	 	•	 	If there is a Change of Control at any time during your first four years of
employment at Cognex, and you are given the opportunity to stay in your role, but you
do not stay in that role for 12 months or more, then there will be no change to the
existing vesting schedules to any of your stock options.

4. INDEMNIFICATION FROM FORMER EMPLOYER

Cognex will indemnify Employee against any claim or suit brought by Videojet and or Danaher
against Employee resulting from Employee’s accepting employment at Cognex. Cognex will pay for
Employee’s legal defense (under the condition that Cognex controls the defense), and Cognex will
pay any valid judgments against Employee that may remain following the appeal process, if any.

	 	 	 	 	 	 	 	 	 	 	 
	 
	 	/s/ Robert Willett	 	 	 	/s/ Robert J. Shillman	 	 
	 	 	 	 	 	 	 
	 	 	Robert Willett

Employee	 	 	 	Cognex Corporation

Robert J. Shillman

Chairman and CEO
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Date:
	 	June 17, 2008 
	 	 	 	Date:
	 	June 17, 2008EX-10.6 AMENDED AND RESTATED METAL SUPPLY AGREEMEN

Exhibit 10.6

AMENDED AND RESTATED METAL SUPPLY AGREEMENT

between

NOVELIS INC.

(as Purchaser)

and

RIO TINTO ALCAN INC.

(as Supplier)

for the Supply of Remelt Aluminum Ingot

Dated as of January 1, 2008

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	1. DEFINITIONS AND INTERPRETATION
	 	 	1	 
	 
	 	 	 	 
	1.1 Definitions
	 	 	1	 
	1.2 Currency
	 	 	5	 
	1.3 Vienna Convention
	 	 	6	 
	 
	 	 	 	 
	2. ALUMINUM
	 	 	6	 
	 
	 	 	 	 
	2.1 Supply and Sale by the Supplier
	 	 	6	 
	2.2 Purchase by the Purchaser
	 	 	6	 
	2.3 Notification of Quantities of Aluminum Required by the Purchaser
	 	 	6	 
	2.4 Scheduling of Quantities
	 	 	7	 
	2.5 Supplier’s Shipping Obligations
	 	 	7	 
	2.6 Price
	 	 	8	 
	2.7 Quality
	 	 	9	 
	2.8 Payment
	 	 	9	 
	2.9 Delivery
	 	 	10	 
	2.10 Title and Risk of Loss
	 	 	10	 
	2.11 Continuous Supply Chain Improvement
	 	 	10	 
	 
	 	 	 	 
	3. FORCE MAJEURE
	 	 	10	 
	 
	 	 	 	 
	3.1 Effect of Force Majeure
	 	 	10	 
	3.2 Definition
	 	 	11	 
	3.3 Notice
	 	 	11	 
	3.4 Pro Rata Allocation
	 	 	11	 
	3.5 Consultation
	 	 	12	 
	3.6 Termination
	 	 	12	 
	 
	 	 	 	 
	4. ASSIGNMENT
	 	 	12	 
	 
	 	 	 	 
	4.1 Prohibition on Assignments
	 	 	12	 
	4.2 Assignment within Alcan Group or Novelis Group
	 	 	12	 
	 
	 	 	 	 
	5. TERM AND TERMINATION
	 	 	13	 
	 
	 	 	 	 
	5.1 Term
	 	 	13	 
	5.2 Extension
	 	 	13	 
	5.3 Termination
	 	 	14	 
	 
	 	 	 	 
	6. EVENTS OF DEFAULT
	 	 	14	 
	 
	 	 	 	 
	7. DISPUTE RESOLUTION
	 	 	15	 
	 
	 	 	 	 
	7.1 Disputes
	 	 	15	 
	7.2 Negotiation
	 	 	15	 
	7.3 Mediation
	 	 	15	 
	7.4 Arbitration
	 	 	17	 
	7.5 Continuing Obligations
	 	 	18	 

 

 

	 	 	 	 	 
	8. MISCELLANEOUS
	 	 	18	 
	 
	 	 	 	 
	8.1 Construction
	 	 	18	 
	8.2 Notices
	 	 	19	 
	8.3 Governing Law
	 	 	19	 
	8.4 Judgment Currency
	 	 	20	 
	8.5 Entire Agreement
	 	 	20	 
	8.6 Severability
	 	 	20	 
	8.7 Survival
	 	 	20	 
	8.8 Execution in Counterparts
	 	 	20	 
	8.9 Amendments
	 	 	21	 
	8.10 Waivers
	 	 	21	 
	8.11 No Partnership
	 	 	21	 
	8.12 Taxes, Royalties and Duties
	 	 	21	 
	8.13 Limitations of Liability
	 	 	21	 
	8.14 Confidentiality
	 	 	21	 
	8.15 Protective Arrangements
	 	 	23	 
	 
	 	 	 	 
	SCHEDULES
	 	 	 	 
	 
	 	 	 	 
	1 Aluminum Specifications
	 	 	 	 
	 
	 	 	 	 
	2. Low Profile Sow
	 	 	 	 

 

 

AMENDED AND RESTATED METAL SUPPLY AGREEMENT

THIS AGREEMENT entered into in the City of Montréal, Province of Quebec, as of January 1, 2008.

	 	 	 
	BETWEEN:

	 	NOVELIS INC., a corporation organized under the Canada Business
Corporations Act (“Novelis” or the “Purchaser”);
	 
	 	 
	AND:

	 	RIO TINTO ALCAN INC. (formally known as Alcan Inc.), a
corporation organized under the Canada Business Corporations Act
(“Alcan” or the “Supplier”).

RECITALS:

WHEREAS the Parties entered into a Metal Supply Agreement dated January 5, 2005 (the “Original
Agreement”) relating to the supply of Aluminum at the Delivery Sites, which agreement expired on
December 31, 2007; and

WHEREAS the Parties wish to modify certain of the terms and conditions of the Original Agreement
and amend and restate the Original Agreement by this Agreement.

NOW THEREFORE, in consideration of the mutual agreements, covenants and other provisions set forth
in this Agreement, the Parties hereby agree as follows:

1. DEFINITIONS AND INTERPRETATION

	 	1.1	 	Definitions
	 
	 	 	 	For the purposes of this Agreement, the following terms and expressions and variations
thereof shall, unless another meaning is clearly required in the context, have the meanings
specified or referred to in this Section 1.1:
	 
	 	 	 	“Affected Party” has the meaning set forth in Section 3.1.
	 
	 	 	 	“Affiliate” of any Person means any other Person that, directly or indirectly, controls, is
controlled by, or is under common control with such first Person as of the date on which or
at any time during the period for when such determination is being made. For purposes of
this definition, “control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management and policies of such Person, whether through
the ownership of voting securities or other interests, by contract or otherwise and the terms
“controlling” and “controlled” have meanings correlative to the foregoing.
	 
	 	 	 	“Agreement” means this Amended and Restated Metal Supply Agreement, including all of the
Schedules hereto.

 

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	 	 	 	“Alcan” means Rio Tinto Alcan Inc. and its successors and permitted assigns.
	 
	 	 	 	“Alcan Group” means Alcan and its Subsidiaries from time to time.
	 
	 	 	 	“Aluminum” means aluminum metal conforming to the Specifications set forth in
Schedule 1, produced at the Supplier Facilities.
	 
	 	 	 	“Aluminum Price” for any calendar month means the arithmetic average of the “ MW US
Transaction” price for primary high grade aluminum as published in Platt’s Metals Week on
each day during such calendar month or as otherwise determined pursuant to Section 2.6(b),
less the Oswego Discount.
	 
	 	 	 	“Applicable Law” means any applicable law, rule or regulation of any Governmental Authority
or any outstanding order, judgment, injunction, ruling or decree by any Governmental
Authority.
	 
	 	 	 	“Base Contract Tonnage” means in respect of each Contract Year, *** Tonnes.
	 
	 	 	 	“Business Concern” means any corporation, company, limited liability company, partnership,
joint venture, trust, unincorporated association or any other form of association.
	 
	 	 	 	“Business Day” means any day excluding (i) Saturday, Sunday and any other day which, in the
City of Montréal (Canada) or in the City of New York (United States), is a legal holiday, or
(ii) a day on which banks are authorized by Applicable Law to close in the city of Montréal
(Canada) or in the city of New York (United States).
	 
	 	 	 	“CIF” means CIF as defined in Incoterms 2000, published by the ICC, Paris, France, as amended
from time to time.
	 
	 	 	 	“Commercially Reasonable Efforts” means the efforts that a reasonable and prudent Person
desirous of achieving a business result would use in similar circumstances to ensure that
such result is achieved as expeditiously as possible in the context of commercial relations
of the type contemplated in this Agreement; provided, however, that an obligation to use
Commercially Reasonable Efforts under this Agreement does not require the Person subject to
that obligation to assume any material obligations or pay any material amounts to a Third
Party or take actions that would reduce the benefits intended to be obtained by such Person
under this Agreement.
	 
	 	 	 	“Consent” means any approval, consent, ratification, waiver or other authorization.

 

			
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Securities and Exchange Commission. Confidential treatment has been requested with respect
to the omitted portions.

 

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	 	 	 	“Contract Year” means each calendar year during the Term and any extension thereof.
	 
	 	 	 	“CPT” means, to the extent not inconsistent with the provisions of this Agreement, CPT
as defined in Incoterms 2000, published by the ICC, Paris, France, as amended from time to
time.
	 
	 	 	 	“Default Interest Rate” means the rate of interest charged by the Supplier from time to time
on late payments in accordance with Supplier’s normal commercial practice as indicated on
invoices issued by Supplier to Purchaser hereunder.
	 
	 	 	 	“Defaulting Party” has the meaning set forth in Section 6.
	 
	 	 	 	“Delivery Site” means any of the following facilities of the Purchaser as specified, in
respect of each shipment of Aluminum, in the Monthly Requirement Schedule provided by the
Purchaser hereunder:

	 	(a)	 	Logan Aluminum, Russelville, Kentucky;
	 
	 	(b)	 	Oswego Plant or Port of Oswego, as applicable, Oswego, New
York;
	 
	 	(c)	 	Berea Plant, Berea, Kentucky;
	 
	 	(d)	 	Greensboro Plant, Greensboro, Georgia; and
	 
	 	(e)	 	such other facilities of the Purchaser as may be agreed to by
the Parties in writing.

	 	 	 	“Disputes” has the meaning set forth in Section 7.1.
	 
	 	 	 	“Dollars” or “$” means the lawful currency of the United States of America.
	 
	 	 	 	“Event of Default” has the meaning set forth in Section 6.
	 
	 	 	 	“Force Majeure” has the meaning set forth in Section 3.2.
	 
	 	 	 	“Governmental Authority” means any court, arbitration panel, governmental or regulatory
authority, agency, stock exchange, commission or body.
	 
	 	 	 	“Governmental Authorization” means any Consent, license, certificate, franchise, registration
or permit issued, granted, given or otherwise made available by, or under the authority of,
any Governmental Authority or pursuant to any Applicable Law.
	 
	 	 	 	“Group” means Alcan Group or Novelis Group, as the context requires.
	 
	 	 	 	“ICC” means the International Chamber of Commerce.

 

4

	 	 	 	“Incoterms 2000” means the set of international rules updated in the year 2000 for the
interpretation of the most commonly used trade terms for foreign trade, as published by the
ICC.
	 
	 	 	 	“Information” means any information, whether or not patentable or copyrightable, in written,
oral, electronic or other tangible or intangible forms, stored in any medium, including
studies, reports, test procedures, research, records, books, contracts, instruments, surveys,
discoveries, ideas, concepts, know-how, techniques, manufacturing techniques, manufacturing
variables, designs, specifications, drawings, blueprints, diagrams, models, prototypes,
samples, products, product plans, flow charts, data, computer data, disks, diskettes, tapes,
computer programs or other software, marketing plans, customer information, customer
services, supplier information, communications by or to attorneys (including attorney-client
privileged communications), memos and other materials prepared by attorneys or under their
direction (including attorney work product), and other technical, financial, employee or
business information or data.
	 
	 	 	 	“LME” means the London Metal Exchange.
	 
	 	 	 	“Metal Requirement Schedules” means the Monthly Requirement Schedule.
	 
	 	 	 	“Monthly Requirement Schedule” has the meaning set forth in Section 2.4(a).
	 
	 	 	 	“Novelis” means Novelis Inc. and its successors and permitted assigns.
	 
	 	 	 	“Novelis Group” means Novelis and its Subsidiaries from time to time.
	 
	 	 	 	“Ordinary Course of Business” means any action taken by a Person that is in the ordinary
course of the normal, day-to-day operations of such Person and is consistent with the past
practices of such Person.
	 
	 	 	 	“Original Agreement” has the meaning set out in the Preamble to this Agreement.
	 
	 	 	 	“Oswego Discount” means with respect to purchases of Aluminium shipped to the Purchaser’s
Oswego, New York Delivery Site, $*** per Tonne or, if shipped to such Delivery Site by barge,
$*** per Tonne.
	 
	 	 	 	“Party” means each of the Purchaser and the Supplier as a party to this Agreement and
“Parties” means both of them.

 

			
	***	 	Certain information on this page has been omitted and filed separately with the
Securities and Exchange Commission. Confidential treatment has been requested with respect
to the omitted portions.

 

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	 	 	 	“Person” means any individual, Business Concern or Governmental Authority.
	 
	 	 	 	“Purchaser” has the meaning set forth in the Preamble to this Agreement.
	 
	 	 	 	“Representatives” means, with respect to any Person, any of such Person’s directors,
officers, employees, agents, consultants, advisors, accountants or attorneys.
	 
	 	 	 	“Sales Taxes” means any sales, use, consumption, goods and services, value added or similar
tax, duty or charge imposed by a Governmental Authority pursuant to Applicable Law.
	 
	 	 	 	“Separation Agreement” means the Separation Agreement dated December 31, 2004 between the
Parties, as amended, restated or modified from time to time.
	 
	 	 	 	“Specifications” means specifications for Aluminum as set out in Schedule 1, as such
Schedule may be amended from time to time by agreement of the Parties.
	 
	 	 	 	“Subsidiary” of any Person means any corporation, partnership, limited liability entity,
joint venture or other organization, whether incorporated or unincorporated, of which a
majority of the total voting power of capital stock or other interests entitled (without the
occurrence of any contingency) to vote in the election of directors, managers or trustees
thereof, is at the time owned or controlled, directly or indirectly, by such Person.
	 
	 	 	 	“Supplier” has the meaning set forth in the Preamble to this Agreement.
	 
	 	 	 	“Supplier Facilities” means smelters owned by the Supplier or any other smelters that produce
LME registered brand aluminum (other than smelters located in India, Egypt or Iran).
	 
	 	 	 	“Term” has the meaning set forth in Section 5.1.
	 
	 	 	 	“Terminating Party” has the meaning set forth in Section 6.
	 
	 	 	 	“Third Party” means a Person that is not a Party to this Agreement, other than a member or an
Affiliate of Alcan Group or a member or an Affiliate of Novelis Group.
	 
	 	 	 	“Tonne” means 1,000 kilograms.

	 	1.2	 	Currency
	 
	 	 	 	All references to currency herein are to Dollars unless otherwise specified.

 

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	 	1.3	 	Vienna Convention
	 
	 	 	 	The Parties agree that the terms of the United Nations Convention (Vienna Convention) on
Contracts for the International Sale of Goods (1980) shall not apply to this Agreement or the
obligations of the Parties hereunder.

2. ALUMINUM

	 	2.1	 	Supply and Sale by the Supplier

	 	(a)	 	Subject to the terms and conditions of this Agreement, beginning on the date hereof
and continuing throughout the Term of this Agreement, the Supplier shall supply and sell
to the Purchaser in each Contract Year , “CPT the applicable Delivery Site” (except in
the case of shipment by barge to the Oswego, New York Delivery Site, which shall be
delivered CIF Port of Oswego) , a quantity of Aluminum equal to the Base Contract Tonnage, subject to adjustment resulting from the monthly purchases of Aluminum pursuant to and
in accordance with Section 2.4 (a).
	 
	 	(b)	 	The Supplier shall supply Aluminum from a Supplier Facility of the Supplier’s
choosing or from such other sources and locations as may be agreed by the Parties.

	 	2.2	 	Purchase by the Purchaser
	 
	 	 	 	Subject to the terms and conditions of this Agreement, beginning on the date hereof and
continuing throughout the Term of this Agreement, the Purchaser shall purchase and take
delivery from the Supplier in each Contract Year , “CPT the applicable Delivery Site” (except
in the case of shipment by barge to the Oswego, New York Delivery Site, which shall be
delivered CIF Port of Oswego), a quantity of Aluminum equal to the Base Contract Tonnage,
subject to adjustment resulting from the monthly purchases of Aluminum pursuant to and in
accordance with Section 2.4 (a).
	 
	 	2.3	 	Notification of Quantities of Aluminum Required by the Purchaser

	 	(a)	 	The Purchaser and the Supplier shall use Commercially Reasonable Efforts to
arrange for shipping and delivery schedules to be evenly spread on a monthly basis
throughout each Contract Year.
	 
	 	(b)	 	The quantity of Aluminum to be sold and purchased hereunder (i) in each calendar
month of the Term shall not exceed *** Tonnes or be less than *** Tonnes and (ii) in each
Contract Year shall not exceed *** Tonnes or be less than *** Tonnes. Any

 

			
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Securities and Exchange Commission. Confidential treatment has been requested with respect
to the omitted portions.

 

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	 	 	 	variations to the sale and purchase of the Base Contract Tonnage in any Contract Year
shall only occur as a result of the monthly purchases of Aluminum pursuant to and in
accordance with Section 2.4 (a).

	 	2.4	 	Scheduling of Quantities

	 	(a)	 	Subject to Section 2.3(b), throughout the Term of this Agreement, by the
fifteenth (15th) day of each calendar month (and if such day is not a Business Day, on
the Business Day immediately preceding such 15th day), the Purchaser shall
notify the Supplier of:

	 	(i)	 	the quantity of Aluminum it will purchase during the
following calendar month; the Purchaser shall use Commercially Reasonable
Efforts to ensure that the quantities identified in the Monthly Requirement
Schedules in each Contract Year are as nearly equal as possible, and in any
event would not fluctuate in respect of delivery in any particular month by
more or less than ten percent (10%) of the Base Contract Tonnage divided by
12; and
	 
	 	(ii)	 	the Purchaser’s best estimate (which is non-binding) of
its Aluminum requirements during the two (2) calendar months following the
calendar month referred to in Section 2.4(a)(i);
	 
	 	collectively, the “Monthly Requirement Schedule”.

	 	(b)	 	The Parties agree that no less than ***% of the Aluminum delivered hereunder for
each Contract Year shall be delivered to the Purchaser’s Delivery Site located in
Oswego, New York (spread approximately evenly throughout the year).

	 	2.5	 	Supplier’s Shipping Obligations

	 	(a)	 	The Supplier shall supply to the Purchaser, in accordance with the terms hereof, in
each month, such quantity of Aluminum as is identified by the Purchaser in respect of
such calendar month in the Monthly Requirement Schedule for such month delivered by the
Purchaser in accordance with Section 2.4.

 

			
	***	 	Certain information on this page has been omitted and filed separately with the
Securities and Exchange Commission. Confidential treatment has been requested with respect
to the omitted portions.

 

8

	 	(b)	 	Notwithstanding the provisions of Incoterms 2000 and Section 2.10, the Supplier
acknowledges its responsibility to make all necessary arrangements for the shipment and
the transportation of Aluminum to the Delivery Site on behalf of the Purchaser. The
Supplier shall act as the disclosed agent of the Purchaser in entering into contracts for
hiring carriers for the shipment of Aluminum under this Agreement. In doing this, the
Supplier shall use Commercially Reasonable Efforts to obtain competitive freight rates
and shall consult with the Purchaser before entering into any long term contracts for
hiring carriers on behalf of the Purchaser. The Supplier shall use Commercially
Reasonable Efforts to ensure that such transportation is suitable for delivering the
Aluminum to the Delivery Site.
	 
	 	(c)	 	The Supplier undertakes to maintain the same practices and levels of service in
respect of shipments of Aluminum hereunder as are consistent with its past and current
practices. The Supplier undertakes to ensure that any shipment of Aluminum supplied
hereunder:

	 	(i)	 	to the Purchaser’s facilities at the Logan Aluminum
Plant, Russelville, Kentucky, are made by either rail or truck, at the
Supplier’s option; and
	 
	 	(ii)	 	to the Purchaser’s other Delivery Sites, are made by
rail, truck or other means of transport, at the option of the Supplier;
provided that shipment by barge to the Delivery Site at Oswego, New York,
shall require the prior written consent of the Purchaser, which consent
shall not be unreasonably withheld.

	 	2.6	 	Price

	 	(a)	 	The price payable by the Purchaser to the Supplier for each Tonne of Aluminum
sold and purchased pursuant to Sections 2.1 and 2.2 shall be the Aluminum Price. The
calendar month used for calculating the Aluminum Price for any shipment of Aluminum
shall be the calendar month of shipment set forth in the relevant Monthly Requirement
Schedule.
	 
	 	(b)	 	In the event that (i) the LME ceases or suspends trading in Aluminum or
(ii) Platt’s Metal Week ceases to be published or ceases to publish the relevant
reference price for determining the Aluminum Price, the Parties shall meet with a view
to agreeing on an alternative publication or, as applicable, an alternative reference
price. If the Parties fail to reach an agreement within sixty (60) days of any Party
having notified the other to enter into discussions to agree to an alternative
publication or reference price, then the Chairman of the LME in London, England or his
nominee shall be requested to select a suitable reference in lieu thereof and an
appropriate amendment to the terms of this Section 2.6. The decision of the Chairman or
his nominee shall be final and binding on the Parties.

 

9

	 	2.7	 	Quality

	 	(a)	 	Aluminum supplied under this Agreement shall comply with the Specifications set
forth in Schedule 1. The Supplier shall use Commercially Reasonable Efforts to
notify the Purchaser prior to shipment of any Aluminum that does not meet
Specifications. The Purchaser shall not be required to accept delivery of any Aluminum
that does not meet Specifications. If the Purchaser does not accept delivery of
Aluminum not meeting Specifications, the Supplier’s obligation shall be limited to the
assumption of all costs for return of such Aluminum to the Supplier, and for the
delivery of replacement Aluminum to the Purchaser. All other express or implied
warranties, conditions and other terms relating to Aluminum hereunder, including
warranties relating to merchantability or fitness for a particular purpose, are hereby
excluded to the fullest extent permitted by Applicable Law.
	 
	 	(b)	 	If the Specifications for Aluminum supplied by the Supplier change, the Supplier
may propose that the Specifications set forth in Schedule 1 be amended to
reflect such changes, and Schedule 1 shall be amended with the agreement of both
Parties. If the revised Specifications do not result in increased costs for the
processing of such Aluminum by the Purchaser, the Purchaser shall not withhold or delay
its consent to such proposed amendment to the specifications.
	 
	 	(c)	 	The Purchaser and the Supplier shall comply with their obligations set forth in
Schedule 1.

	 	2.8	 	Payment

	 	(a)	 	The Purchaser shall pay the Supplier in full, in accordance with Supplier’s
commercial invoice, for each shipment of Aluminum meeting the Specifications set out in
Schedule 1 or otherwise accepted by Purchaser. Payment shall be made on the first
(1st) day and the fourteenth (14th) day of each month during the
Term (each a “Payment Date”), or if such day is not a Business Day, then on the
immediately following Business Day. Payment shall be made on each Payment Date in
respect of all invoices issued more than 30 days prior to such payment date and not
previously paid, with invoices issued after such date being payable on the next
following Payment Date.
	 
	 	(b)	 	If the Purchaser believes that a shipment of Aluminum does not meet the
Specifications set out in Schedule 1 and has rejected such shipment in a timely
manner in accordance with the terms hereof, it need not pay the invoice. However, if
the Purchaser subsequently accepts that the Aluminum complies with the Specifications
set out in Schedule 1, the Purchaser shall pay the invoice and, if payment is
overdue pursuant to Section 2.8(a) above, interest in accordance with Section 2.8(c).
	 
	 	(c)	 	If any payment required to be made pursuant to Section 2.8(a) above is overdue,
the full amount shall bear interest at a rate per annum equal to the Default Interest
Rate

 

10

	 	 	 	calculated on the actual number of days elapsed, accrued from and excluding the date on
which such payment was due, up to and including the actual date of receipt of payment
in the nominated bank or banking account.
	 
	 	(d)	 	All amounts paid to the Supplier or the Purchaser hereunder shall be paid in
Dollars by wire transfer in immediately available funds or by ACH to the account
specified by the Supplier or Purchaser, as applicable, by notice from time to time by
one Party to the other hereunder.
	 
	 	(e)	 	If any Party fails to purchase or supply, as applicable, any quantity of Aluminum
in any month as required under the terms of this Agreement, such Party shall be liable
to the other Party for all direct damages, losses and costs resulting from such failure,
provided that such other Party shall use its Commercially Reasonable Efforts to mitigate
such damages, losses and costs.

	 	2.9	 	Delivery
	 
	 	 	 	Aluminum shall be delivered CPT the applicable Delivery Site except in the case of shipment
by barge to the Oswego, New York Delivery Site, which shall be delivered CIF Port of Oswego.
The delivery of Aluminum pursuant to this Section 2.9 shall be governed by Incoterms 2000, as
amended from time to time.
	 
	 	2.10	 	Title and Risk of Loss
	 
	 	 	 	Title to and risk of damage to and loss of Aluminum shall pass to the Purchaser as the
Aluminum is delivered by the Supplier to the carrier.
	 
	 	2.11	 	Continuous Supply Chain Improvement
	 
	 	2.12	 	The Parties shall form a work group comprised of four representatives of each Party to
identify opportunities to improve the supply chain, to agree on performance metrics and to
determine appropriate financial penalties and incentives relative to target performance
levels. The Parties shall use Commercially Reasonable Efforts to complete such process by
June 30, 2008. This Agreement will be modified accordingly to reflect any agreements reached
by the Parties in connection with such process.

3. FORCE MAJEURE

	 	3.1	 	Effect of Force Majeure
	 
	 	 	 	No Party shall be liable for any loss or damage that arises directly or indirectly through or
as a result of any delay in the fulfilment of or failure to fulfil its obligations in whole
or in part (other than the payment of money as may be owed by a Party) under this Agreement
where the delay or failure is due to Force Majeure. The obligations of the Party affected by
the event of Force Majeure (the “Affected Party”) shall be suspended, to the extent that

 

11

	 	 	 	those obligations are affected by the event of Force Majeure, from the date the Affected
Party first gives notice in respect of that event of Force Majeure until cessation of that
event of Force Majeure (or the consequences thereof).
	 
	 	3.2	 	Definition
	 
	 	 	 	“Force Majeure” shall mean any act, occurrence or omission (or other event), subsequent to
the commencement of the Term hereof, which is beyond the reasonable control of the Affected
Party including, but not limited to: fires, explosions, accidents, strikes, lockouts or
labour disturbances, floods, droughts, earthquakes, epidemics, seizures of cargo, wars
(whether or not declared), civil commotion, acts of God or the public enemy, action of any
government, legislature, court or other Governmental Authority, action by any authority,
representative or organisation exercising or claiming to exercise powers of a government or
Governmental Authority, compliance with Applicable Law, blockades, power failures or
curtailments, inadequacy or shortages or curtailments or cessation of supplies of raw
materials or other supplies, failure or breakdown of equipment of facilities, the invocation
of Force Majeure by any party to an agreement under which any Party’s operations are
affected, and any declaration of Force Majeure by the facility producing the Aluminum, or any
other event beyond the reasonable control of the Parties whether or not similar to the events
or occurrences enumerated above. In no circumstances shall problems with making payments
constitute Force Majeure.
	 
	 	3.3	 	Notice
	 
	 	 	 	Upon the occurrence of an event of Force Majeure, the Affected Party shall promptly give
notice to the other Party hereto setting forth the details of the event of Force Majeure and
an estimate of the likely duration of the Affected Party’s inability to fulfil its
obligations under this Agreement. The Affected Party shall use Commercially Reasonable
Efforts to remove the said cause or causes and to resume, with the shortest possible delay,
compliance with its obligations under this Agreement provided that the Affected Party shall
not be required to settle any strike, lockout or labour dispute on terms not acceptable to
it. When the said cause or causes have ceased to exist, the Affected Party shall promptly
give notice to the other Party that such cause or causes have ceased to exist.
	 
	 	3.4	 	Pro Rata Allocation
	 
	 	 	 	If the Supplier’s supply of any Aluminum to be delivered to the Purchaser is stopped or
disrupted by an event of Force Majeure, the Supplier shall have the right to allocate its
available supplies of such Aluminum, if any, among any or all of its existing customers
whether or not under contract, in a fair and equitable manner. In addition, where the
Supplier is the Affected Party, it may (but shall not be required to) offer to supply, from
another source, Aluminum of similar quality in substitution for the Aluminum subject to the
event of Force Majeure to satisfy that amount which would have otherwise been sold and
purchased hereunder at a price which may be more or less than the price hereunder.

 

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	 	3.5	 	Consultation
	 
	 	 	 	Within thirty (30) days of the cessation of the event of Force Majeure, the Parties shall
consult with a view to reaching agreement as to the Supplier’s obligation to provide, and the
Purchaser’s obligation to take delivery of, that quantity of Aluminum that could not be sold
and purchased hereunder because of the event of Force Majeure, provided that any such
shortfall quantity has not been replaced by substitute Aluminum pursuant to the terms above.
	 
	 	 	 	In the absence of any agreement by the Parties, failure to deliver or accept delivery of
Aluminum which is excused by or results from the operation of the foregoing provisions of
this Section 3 shall not extend the Term of this Agreement and the quantities of Aluminum to
be sold and purchased under this Agreement shall be reduced by the quantities affected by
such failure.
	 
	 	3.6	 	Termination

	 	(a)	 	If an event of Force Majeure where the Affected Party is the Purchaser shall
continue for more than ***consecutive calendar months, then the Supplier shall have the
right to terminate this Agreement.

	 	(b)	 	If an event of Force Majeure where the Affected Party is the Supplier shall
continue for more than *** consecutive calendar months, then the Purchaser shall have
the right to terminate this Agreement.

4. ASSIGNMENT

	 	4.1	 	Prohibition on Assignments
	 
	 	 	 	No Party shall assign or transfer this Agreement, in whole or in part, or any interest or
obligation arising under this Agreement, except as permitted by Section 4.2, without the
prior written consent of the other Party.

	 	4.2	 	Assignment within Alcan Group or Novelis Group

	 	(a)	 	With the consent of Novelis, such consent not to be unreasonably withheld or
delayed, Alcan may elect to have one or more of the Persons comprising the Alcan Group
assume the rights and obligations of the Supplier under this Agreement, provided that

 

			
	***	 	Certain information on this page has been omitted and filed separately with the
Securities and Exchange Commission. Confidential treatment has been requested with respect
to the omitted portions.

 

13

	 	(i)	 	Alcan shall remain fully liable for all obligations of the Supplier
hereunder, and
	 
	 	(ii)	 	the transferee will remain at all times a member of the Alcan Group;

	 	 	 	any such successor to Alcan as a Supplier under this Agreement shall be deemed to be
the “Supplier” for all purposes of the Agreement.
	 
	 	(b)	 	With the consent of Alcan, such consent not to be unreasonably withheld or
delayed, Novelis may elect to have one or more of the Persons comprising the Novelis
Group assume the rights and obligations of the Purchaser under this Agreement, provided
that

	 	(i)	 	Novelis shall remain fully liable for all obligations of the Purchaser
hereunder, and
	 
	 	(ii)	 	the transferee will remain at all times a member of the Novelis Group;

	 	 	 	any such successor to Novelis as Purchaser under this Agreement shall be deemed to be
the “Purchaser” for all purposes of this Agreement.

5. TERM AND TERMINATION

	 	5.1	 	Term
	 
	 	 	 	The term of this Agreement (the “Term”) shall commence on *** and terminate on
***, unless terminated earlier or extended pursuant to the provisions of this Agreement.

	 	5.2	 	Extension
	 
	 	 	 	One year prior to the expiration of the Term or any extension thereof, the Parties, upon the
request of any Party, shall meet to negotiate in good faith a possible extension of the Term
for a further period on terms to be mutually agreed. If no such Agreement is reached between
the Parties, the Agreement shall terminate upon expiry of the Term or the relevant extension
thereof.

 

			
	***	 	Certain information on this page has been omitted and filed separately with the
Securities and Exchange Commission. Confidential treatment has been requested with respect
to the omitted portions.

 

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	 	5.3	 	Termination
	 
	 	 	 	This Agreement shall terminate:

	 	(a)	 	upon expiry of the Term;
	 
	 	(b)	 	upon the mutual agreement of the Parties prior to the expiry of the Term;
	 
	 	(c)	 	pursuant to Section 3.6 as a result of Force Majeure; or
	 
	 	(d)	 	upon the occurrence of an Event of Default, in accordance with Section 6.

6. EVENTS OF DEFAULT

	 	6.1	 	This Agreement may be terminated in its entirety immediately at the option of a Party (the
“Terminating Party”), in the event that an Event of Default occurs in relation to the other
Party (the “Defaulting Party”), and such termination shall take effect immediately upon the
Terminating Party providing notice to the Defaulting Party of the termination.
	 
	 	 	 	For the purposes of this Agreement, each of the following shall individually and collectively
constitute an “Event of Default” with respect to a Party:

	 	(a)	 	such Party defaults in payment of any payments which are due and payable by it
pursuant to this Agreement, and such default is not cured within thirty (30) days
following receipt by the Defaulting Party of notice of such default;
	 
	 	(b)	 	such Party breaches any of its material obligations pursuant to this Agreement
(other than as set out in paragraph (a) above), and fails to cure it within sixty (60)
days after receipt of notice from the non-defaulting Party specifying the default with
reasonable detail and demanding that it be cured, provided that if such breach is not
capable of being cured within sixty (60) days after receipt of such notice and the Party
in default has diligently pursued efforts to cure the default within the sixty (60) day
period, no Event of Default under this paragraph (b) shall occur;
	 
	 	(c)	 	such Party breaches any material representation or warranty, or fails to perform
or comply with any material covenant, provision, undertaking or obligation in or of the
Separation Agreement;
	 
	 	(d)	 	in relation to the Purchaser (1) upon the occurrence of a Non Compete Breach (as
defined in the Separation Agreement) and the giving of notice of the termination of this
Agreement by Alcan to Novelis Inc. pursuant to Section 14.03(b) of the Separation
Agreement and pursuant to this paragraph of this Agreement, or (2) upon the occurrence
of a Change of Control Non Compete Breach (as defined in the Separation Agreement) and
the giving of notice of the termination of this Agreement by Alcan to Novelis Inc.
pursuant to Section 14.04(e) of the Separation Agreement,

 

15

	 	 	 	in which event the termination of this Agreement shall be effective immediately upon
Alcan providing Novelis Inc. notice pursuant to Section 14.03(b) or Section 14.04(e) of
the Separation Agreement;
	 
	 	(e)	 	such Party (i) is bankrupt or insolvent or takes the benefit of any statute in
force for bankrupt or insolvent debtors, or (ii) files a proposal or takes any action or
proceeding before any court of competent jurisdiction for dissolution, winding-up or
liquidation, or for the liquidation of its assets, or a receiver is appointed in respect
of its assets, which order, filing or appointment is not rescinded within sixty (60)
days; or
	 
	 	(f)	 	proceedings are commenced by or against such Party under the laws of any
jurisdiction relating to reorganization, arrangement or compromise.

7. DISPUTE RESOLUTION

	 	7.1	 	Disputes
	 
	 	 	 	The provisions of this Section 7 shall govern all disputes, controversies or claims (whether
arising in contract, delict, tort or otherwise) between the Parties that may arise out of, or
relate to, or arise under or in connection with, this Agreement (a “Dispute”).

	 	7.2	 	Negotiation
	 
	 	 	 	The Parties hereby undertake to attempt in good faith to resolve any Dispute by way of
negotiation between senior executives who have authority to settle such Dispute. In
furtherance of the foregoing, any Party may initiate the negotiation by way of a notice (an
“Escalation Notice”) demanding an in-person meeting involving representatives of the Parties
at a senior level of management of the Parties (or if the Parties agree, of the appropriate
strategic business unit or division within such Party). A copy of any Escalation Notice shall
be given to the Chief Legal Officer of each Party (which copy shall state that it is an
Escalation Notice pursuant to this Agreement). Any agenda, location or procedures for such
negotiation may be established by the Parties from time to time; provided, however, that the
negotiation shall be completed within thirty (30) days of the date of the Escalation Notice
or within such longer period as the Parties may agree in writing prior to the expiration of
the initial thirty-day period.

	 	7.3	 	Mediation

	 	(a)	 	If the Dispute has not been resolved by negotiation as provided in
Section 7.2 within thirty (30) days of the date of the Escalation Notice or such
extended period as may be agreed by the Parties, or should the Parties fail to meet
within the said thirty-day period, the Parties shall endeavour to settle the
Dispute by mediation. The Party wishing to refer a Dispute to mediation shall give
written notice to the other (the “Mediation Notice”) describing the Dispute,
requiring

 

16

	 	 	 	that the Dispute be submitted to mediation and proposing the name of a suitable
person to be appointed mediator.
	 
	 	(b)	 	If the other Party rejects the proposed mediator and the Parties are
unable to agree on a mediator within fifteen (15) days of the Mediation Notice,
then either Party may request the CPR Institute for Dispute Resolution to appoint a
mediator from the CPR Panel of Distinguished Neutrals.
	 
	 	(c)	 	The mediator shall be entitled to make recommendations to the Parties
which, unless the Parties agree otherwise, shall not be binding upon them.
	 
	 	(d)	 	The mediation shall continue until the earliest to occur of the
following: (i) the Parties reach agreement as to the resolution of the Dispute,
(ii) the mediator makes a finding that there is no possibility of resolution
through mediation, or (iii) sixty (60) days have elapsed since the appointment of
the mediator.
	 
	 	(e)	 	Each Party shall bear its own costs in connection with the mediation;
the fees and disbursements of the mediator shall be borne equally by the Parties.
	 
	 	(f)	 	If the Parties accept any recommendation made by the mediator or
otherwise reach agreement as to the resolution of the Dispute, such agreement shall
be recorded in writing and signed by the Parties, whereupon it shall become binding
upon the Parties and have, as between them, the authority of a final judgment or
arbitral award (res judicata).
	 
	 	(g)	 	The mediation shall be confidential and neither the Parties (including
their auditors and insurers) nor their counsel and any Person necessary to the
conduct of the mediation nor the mediator or any other neutral involved in the
mediation shall disclose the existence, content (including submissions made,
positions adopted and any evidence or documents presented or exchanged), or outcome
of any mediation hereunder without the prior written consent of the Parties, except
as may be required by Applicable Law or the applicable rules of a stock exchange.
	 
	 	(h)	 	In the event that a Dispute is referred to arbitration in accordance
with Section 7.4 below, the mediator or any other neutral involved in the mediation
shall not take part in the arbitration, whether as a witness or otherwise, and any
recommendation made by him in connection with the mediation shall not be relied
upon by either Party without the consent of the other Party and of the mediator or
neutral, and neither Party shall make use of or rely upon information supplied,
positions adopted, or arguments raised, by the other Party in the mediation.
	 
	 	(i)	 	Subject to the right of the Parties to seek interim or conservatory
relief from a court of competent jurisdiction, as provided below in Section 7.4 (e)
neither Party shall be entitled to refer a Dispute to arbitration unless the
dispute has

 

17

	 	 	 	first been the subject of an Escalation Notice and been referred to mediation in
accordance with Sections 7.2 and 7.3.

	 	7.4	 	Arbitration

	 	(a)	 	Any Dispute which has not been resolved by negotiation or mediation
as provided herein shall, upon the request of either Party, be referred to and
finally resolved by arbitration in accordance with the Arbitration Rules of the
London Court of International Arbitration (“LCIA”) then in force (the “LCIA
Rules”).
	 
	 	(b)	 	The arbitral tribunal shall consist of three arbitrators. The place
of arbitration shall be Montréal, Canada. The language of the arbitration shall
be English.
	 
	 	(c)	 	The costs of the arbitration shall be specified by the arbitral
tribunal and shall be borne by the unsuccessful Party, unless the arbitral
tribunal, in its discretion, determines a different apportionment, taking all
relevant circumstances into account. The costs of arbitration include, in addition
to the costs of the arbitration as determined by the LCIA Court under Article 28.1
of the LCIA Rules, the legal and other costs incurred by the Parties, including:
(i) the reasonable travel and other expenses of witnesses; (ii) the reasonable
fees and expenses of expert witnesses; and (iii) the costs of legal representation
and assistance, to the extent that the arbitral tribunal determines that the
amount of such costs is reasonable.
	 
	 	(d)	 	The arbitral tribunal shall endeavour to issue its award within sixty
(60) days of the last hearing of the substantive issues in dispute between the
Parties; however, the arbitral tribunal shall not lose jurisdiction if it fails to
respect this delay. The arbitral award shall be final and binding.
	 
	 	(e)	 	For the purposes of any interim or conservatory measure that may be
sought in aid of the arbitration proceedings, the Parties hereby irrevocably
submit to the non-exclusive jurisdiction of the competent court in the judicial
district of Montréal, Canada, and waive any right to invoke, and they hereby agree
not to invoke, any claim of forum non conveniens, inconvenient forum, or transfer
or change of venue. Without prejudice to such interim or conservatory remedies as
may be obtained from a competent court, the arbitral tribunal shall have full
authority to grant interim or conservatory remedies and to award damages for the
failure of any Party to respect the arbitral tribunal’s orders to that effect.
	 
	 	(f)	 	Neither the Parties (including their auditors and insurers) nor their
counsel and any Person necessary to the conduct of the arbitration nor the
arbitrators shall disclose the existence, content (including submissions and any
evidence or documents presented or exchanged), or outcome of any arbitration
hereunder without the prior written consent of the Parties, except as may be
required by Applicable Law or the applicable rules of a stock exchange.

 

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	 	7.5	 	Continuing Obligations

     The existence of a Dispute between the Parties with respect to this Agreement shall not
relieve either Party from performance of its obligations under this Agreement that are not
the subject of such Dispute.

8. MISCELLANEOUS

	 	8.1	 	Construction
	 
	 	 	 	In this Agreement, unless a clear contrary intention appears:

	 	(a)	 	the singular number includes the plural number and vice versa;
	 
	 	(b)	 	reference to any Person includes such Person’s successors and assigns
but, if applicable, only if such successors and assigns are not prohibited by this
Agreement, and reference to a Person in a particular capacity excludes such Person
in any other capacity or individually;
	 
	 	(c)	 	reference to any gender includes each other gender;
	 
	 	(d)	 	reference to any agreement, document or instrument means such
agreement, document or instrument as amended, modified, supplemented or restated,
and in effect from time to time in accordance with the terms thereof subject to
compliance with the requirements set forth herein;
	 
	 	(e)	 	reference to any Applicable Law means such Applicable Law as amended,
modified, codified, replaced or reenacted, in whole or in part, and in effect from
time to time, including rules and regulations promulgated thereunder, and
reference to any section or other provision of any Applicable Law means that
provision of such Applicable Law from time to time in effect and constituting the
substantive amendment, modification, codification, replacement or reenactment of
such section or other provision;
	 
	 	(f)	 	“herein”, “hereby”, “hereunder”, “hereof”, “hereto” and words of
similar import shall be deemed references to this Agreement or to the relevant
Ancillary Agreement as a whole and not to any particular Article, Section or other
provision hereof or thereof;
	 
	 	(g)	 	“including” (and with correlative meaning “include”) means including
without limiting the generality of any description preceding such term;
	 
	 	(h)	 	the Table of Contents and headings are for convenience of reference
only and shall not affect the construction or interpretation hereof or thereof;
	 
	 	(i)	 	with respect to the determination of any period of time, “from” means
“from and including” and “to” means “to but excluding”; and

 

19

	 	(j)	 	references to documents, instruments or agreements shall be deemed to
refer as well to all addenda, exhibits, schedules or amendments thereto.

	 	8.2	 	Notices
	 
	 	 	 	All notices and other communications under this Agreement shall be in writing and shall be
deemed to be duly given (a) on the date of delivery, if delivered personally, (b) on the
first Business Day following the date of dispatch if delivered by a nationally recognized
next-day courier service, (c) on the date of actual receipt if delivered by registered or
certified mail, return receipt requested, postage prepaid or (d) if sent by facsimile
transmission, when transmitted and receipt is confirmed by telephone. All notices hereunder
shall be delivered as follows:
	 
	 	 	 	If to the Purchaser, to:

Novelis Inc.

3399 Peachtree Road NE, Suite 1500

Atlanta, Georgia 30326

Fax: 404-814-4272

Attention: General Counsel

If to the Supplier, to:

Rio Tinto Alcan Inc.

1188 Sherbrooke Street West

Montreal, Quebec

H3A 3G2

Fax: 514-848-8115

Attention: Chief Legal Officer

	 	 	 	Any Party may, by notice to the other Party, change the address or fax number to which such
notices are to be given.

	 	8.3	 	Governing Law
	 
	 	 	 	This Agreement shall be governed by and construed and interpreted in accordance with the laws
of the Province of Quebec and the laws of Canada applicable therein, irrespective of conflict
of laws principles under Quebec law, as to all matters, including matters of validity,
construction, effect, enforceability, performance and remedies.

 

20

	 	8.4	 	Judgment Currency
	 
	 	 	 	The obligations of a Party to make payments hereunder shall not be discharged by an amount
paid in any currency other than Dollars, whether pursuant to a court judgment or arbitral
award or otherwise, to the extent that the amount so paid upon conversion to Dollars and
transferred to an account indicated by the Party to receive such funds under normal banking
procedures does not yield the amount of Dollars due, and each Party hereby, as a separate
obligation and notwithstanding any such judgment or award, agrees to indemnify the other
Party against, and to pay to such Party on demand, in Dollars, any difference between the sum
originally due in Dollars and the amount of Dollars received upon any such conversion and
transfer.
	 
	 	8.5	 	Entire Agreement
	 
	 	 	 	This Agreement and schedules, exhibits, annexes and appendices hereto and thereto and the
specific agreements contemplated herein or thereby contain the entire agreement between the
Parties with respect to the subject matter hereof and supersede all previous agreements,
including the Original Agreement and the letter agreement dated July 11, 2007, negotiations,
discussions, writings, understandings, commitments and conversations with respect to such
subject matter. No agreements or understandings exist between the Parties with respect to the
subject matter hereof other than those set forth or referred to herein or therein.
	 
	 	8.6	 	Severability
	 
	 	 	 	If any provision of this Agreement or the application thereof to any Person or circumstance
is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the
remaining provisions hereof, or the application of such provision to Persons or circumstances
or in jurisdictions other than those as to which it has been held invalid or unenforceable,
shall remain in full force and effect and shall in no way be affected, impaired or
invalidated thereby, so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner adverse to any Party. Upon such
determination, the Parties shall negotiate in good faith in an effort to agree upon such a
suitable and equitable provision to effect the original intent of the Parties.
	 
	 	8.7	 	Survival
	 
	 	 	 	The obligations of the Parties under Sections 2.6, 2.7, 2.8, 7, 8.14 and 8.15 and liability
for the breach of any obligation contained herein shall survive the expiration or earlier
termination of this Agreement.
	 
	 	8.8	 	Execution in Counterparts
	 
	 	 	 	This Agreement may be executed in one or more counterparts, all of which shall be considered
one and the same agreement, and shall become effective when one or more counterparts have
been signed by each of the Parties and delivered to the other Party.

 

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	 	8.9	 	Amendments
	 
	 	 	 	No provisions of this Agreement shall be deemed waived, amended, supplemented or modified by
any Party, unless such waiver, amendment, supplement or modification is in writing and signed
by the authorized representative of the Party against whom it is sought to enforce such
waiver, amendment, supplement or modification.
	 
	 	8.10	 	Waivers
	 
	 	 	 	No failure on the part of a Party to exercise and no delay in exercising, and no course of
dealing with respect to, any right, power or privilege under this Agreement shall operate as
a waiver thereof, nor shall any single or partial exercise of any right, power or privilege
under this Agreement preclude any other or further exercise thereof or the exercise of any
other right, power or privilege. The remedies provided herein are cumulative and not
exclusive of any remedies provided by Applicable Law.
	 
	 	8.11	 	No Partnership
	 
	 	 	 	Nothing contained herein or in the Agreement shall make a Party a partner of any other Party
and no Party shall hold out the other as such.
	 
	 	8.12	 	Taxes, Royalties and Duties
	 
	 	 	 	All royalties, taxes and duties imposed or levied on any Aluminum delivered hereunder (other
than any taxes on the income of the Supplier) shall be for the account of and paid by the
Purchaser.
	 
	 	8.13	 	Limitations of Liability
	 
	 	 	 	Neither Party shall be liable to the other Party for any indirect, collateral, incidental,
special, consequential or punitive damages, lost profit or failure to realize expected
savings or other commercial or economic loss of any kind, howsoever caused, and on any theory
of liability (including negligence) arising in any way out of this Agreement.
	 
	 	8.14	 	Confidentiality

	 	(a)	 	Subject to Section 8.15, each Party shall hold, and shall cause its respective
Group members and its respective Affiliates (whether now an Affiliate or hereafter
becoming an Affiliate) and its Representatives to hold, in strict confidence, with at
least the same degree of care that applies to its own confidential and proprietary
Information, all confidential and proprietary Information concerning the other Group (or
any member thereof) that is either in its possession (including Information in its
possession prior to the date hereof) or furnished by the other Group (or any member
thereof) or by any of its Affiliates (whether now an Affiliate or hereafter becoming an
Affiliate) or their respective Representatives at any time pursuant to this Agreement or
the transactions contemplated hereby (any such Information referred to herein as
“Confidential Information”), and shall not use, and shall cause its

 

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	 	 	 	respective Group members, Affiliates and Representatives not to use, any such
Confidential Information other than for such purposes as shall be expressly permitted
hereunder or thereunder. Notwithstanding the foregoing, Confidential Information shall
not include Information that is or was (i) in the public domain other than by the
breach of this Agreement or by breach of any other agreement relating to
confidentiality between or among the Parties and/or their respective Group members,
their respective Affiliates or Representatives, (ii) lawfully acquired by such Party
(or any member of the Group to which such Party belongs or any of such Party’s
Affiliates) from a Third Party not bound by a confidentiality obligation, or (iii)
independently generated or developed by Persons who do not have access to, or
descriptions of, any such confidential or proprietary Information of the other Party
(or any member of the Group to which such Party belongs).
	 
	 	(b)	 	Each Party shall maintain, and shall cause its respective Group members to
maintain, policies and procedures, and develop such further policies and procedures as
will from time to time become necessary or appropriate, to ensure compliance with this
Section 8.14(a).
	 
	 	(c)	 	Each Party agrees not to release or disclose, or permit to be released or
disclosed, any Confidential Information to any other Person, except its Representatives
who need to know such Confidential Information (who shall be advised of their
obligations hereunder with respect to such Confidential Information), except in
compliance with Section 8.15. Without limiting the foregoing, when any Information
furnished by the other Party after the Effective Time pursuant to this Agreement is no
longer needed for the purposes contemplated by this Agreement, each Party will promptly,
after request of the other Party and at the election of the Party receiving such
request, return to the other Party all such Information in a printed or otherwise
tangible form (including all copies thereof and all notes, extracts or summaries based
thereon) and destroy all Information in an electronic or otherwise intangible form and
certify to the other Party that it has destroyed such Information (and such copies
thereof and such notes, extracts or summaries based thereon). Notwithstanding the
foregoing, the Parties agree that to the extent some Information to be destroyed or
returned is retained as data or records for the purpose of business continuity planning
or is otherwise not accessible in the Ordinary Course of Business, such data or records
shall be destroyed in the Ordinary Course of Business in accordance, if applicable, with
the business continuity plan of the applicable Party.

 

23

	 	8.15	 	Protective Arrangements
	 
	 	 	 	In the event that any Party or any member of its Group or any Affiliate of such Party or any
of their respective Representatives either determines on the advice of its counsel that it
is required to disclose any Confidential Information (the “Disclosing Party”) pursuant to
Applicable Law or receives any demand under lawful process or from any Governmental
Authority to disclose or provide Confidential Information of the other Party (or any member
of the Group to which such Party belongs), the Disclosing Party shall, to the extent
permitted by Applicable Law, promptly notify the other Party prior to the Disclosing Party
disclosing or providing such Confidential Information and shall use commercially reasonable
efforts to cooperate with the Requesting Party so that the Requesting Party may seek any
reasonable protective arrangements or other appropriate remedy and/or waive compliance with
this Section 8.15. All expenses reasonably incurred by the Disclosing Party in seeking a
protective order or other remedy will be borne by the Requesting Party. Subject to the
foregoing, the Disclosing Party may thereafter disclose or provide such Confidential
Information to the extent (but only to the extent) required by such Applicable Law (as so
advised by legal counsel) or by lawful process or by such Governmental Authority and shall
promptly provide the Requesting Party with a copy of the Confidential Information so
disclosed, in the same form and format as disclosed, together with a list of all Persons to
whom such Confidential Information was disclosed.

[The remainder of this page is intentionally blank.]

 

24

IN WITNESS WHEREOF, the Parties hereto have caused this Amended and Restated Metal Supply Agreement
to be executed by their duly authorized representatives as of the date first hereinabove written.

	 	 	 	 	 
	 	NOVELIS INC.

 	 
	 	By:  	/s/ Martha Brooks
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	RIO TINTO ALCAN INC.

 	 
	 	By:  	/s/ Jacynthe Cote
 	 
	 	 	Name:  	 	 
	 	 	Title:

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