Document:

EX-10.12.1

 Exhibit 10.12.1 

Dated 21/12/16 
 TARGO
Commercial Finance AG 

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

Constellium Rolled Products Singen GmbH & Co. KG, 

Alusingen-Platz 1, 78224 Singen, Germany 
  

 
 AMENDEMENT AGREEMENT 

to a Factoring Agreement (dated 27 May 2016) 
  

 

 This Amendment Agreement (the “Agreement”) is dated    
November 2016, and entered into between 
  

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

  

	(2)	CONSTELLIUM ROLLED PRODUCTS SINGEN GMBH & CO. KG, registered with the commercial register (Handelsregister) of the local court (Amtsgericht) of Freiburg i.Br., with registration
number HRA 704399, having its registered seat at Alusingen-Platz 1, 78224 Singen, Germany (hereafter referred to as the “Originator”). 

TARGOCF and the Originator are hereafter referred to as the “Parties”. 

WHEREAS: 
  

	(1)	TARGOCF as purchaser and the Originator as seller entered into a factoring agreement on 27 May 2016 (as amended and/or restated from time to time), pursuant to which the Originator sells certain receivables to
TARGOCF (the “Factoring Agreement”). 

  

	(2)	TARGOCF has also entered into a factoring agreement with Constellium Extrusions Deutschland GmbH, a limited liability company, with registered office at Bildstraße 4, 74564 Crailsheim, registered in the commercial
register (Handelsregister) of the local court (Amtsgericht) of Ulm under register number HRB 670619, on 16 December 2010, and has also entered into a factoring agreement with Constellium Valais S.A.., Sierre, a
société anonyme incorporated under the laws of Switzerland with registered address at 3960 Sierre, registered under number CH-626.3.000.048-9., on
16 December 2010, and has also entered into a factoring agreement with Constellium Singen GmbH, a limited liability company, with registered office at Alusingen-Platz 1, 78224 Singen, registered in the commercial register
(Handelsregister) of the local court (Amtsgericht) of Freiburg under register number HRB 540034, on 16 December 2010 (amended and restated on 26 March 2014), and has also entered into a factoring agreement with Constellium
Extrusions Decin s.r.o., a company incorporated and existing under the laws of the Czech Republic, with its registered office at Ústecká 751/37, Děčin V-Rozbělesy, 405 02 Děčin, Czech Republic, identification
number 183 80 654, registered in the Commercial Register maintained by the Regional Court in Ústi nad Labem under file number C 301, on 26 June 2015. 

TARGOCF and the Originator have agreed to enter into this Agreement in order to amend the Factoring Agreement in accordance with this Agreement. 

	1.	Definitions 

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

	2.	Amendments to the Factoring Agreement 

 a) Schedule 1 (Terms and
Conditions) clause 3. a), b) and d) shall be amended and read as follows: 
  

	 	3.	Financing Commission Reference Rate; Fees; Commission: 

 a)
Financing Commission Reference Rate (see Clause 4.1): 3 months EURIBOR + 1.20 % p.a., paid monthly and calculated on the last Business Day of each month for the following month. 

If the 3 months EURIBOR is 0% or below 0%, the Interest Rate is 1.20 % p.a. 

Interest is stated exclusive of applicable VAT. 

b) Unused Facility Fee: 0.5% p.a. of the amount of the available but unused amount of the Settlement Account. 

d) Factoring Commission and Administration Fee (see Clauses 4.1 and 8.3): 0.095% calculated on the volume of the
Receivables. 
 b) Schedule 1 (Terms and Conditions) clause 4. shall be amended in whole and read
as follows: 
 4. Maximum Commitment: 

“TARGOCF will set a maximum limit for each of Constellium Singen GmbH, Constellium Extrusions Deutschland GmbH, Constellium Valais S.A,
Constellium Extrusions Děčin s.r.o., Constellium Rolled Products Singen GmbH & Co. KG, whereby the total aggregate Maximum Commitment under the respective factoring agreements between TARGOCF and Constellium
Singen GmbH, Constellium Extrusions Deutschland GmbH, Constellium Valais S.A., Constellium Extrusions Děčin s.r.o. and Constellium Rolled Products Singen GmbH & Co. KG amounts to 150.000.000.00 EUR (one hundred fifty million
Euro). The respective Maximum Commitment can be changed upon request of the respective originator(s).” 
 c)
Schedule 1 (Terms and Conditions) clause 6. shall be amended in whole and read as follows: 
 6.
Termination Date: 29 October 2021 

 In all other respects the provisions of the Factoring Agreement shall remain unaffected. 

 

	3.	PARTIAL INVALIDITY; WAIVER 

  

	3.1	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 or enforceability 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. 
  

	3.2	Waiver 

 No failure to exercise, nor any delay in exercising, on the part of the
Originator or TARGOCF, 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 right or remedy. The rights
and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by law. 
  

	4.	Effective Date 

 This Agreement shall become effective immediately once it is executed by
the Parties. 
  

	5.	APPLICABLE LAW; JURISDICTION 

  

	5.1	Applicable Law 

 This Agreement and all obligations arising out of or in connection with
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). 

 SIGNATORIES 
  

							
	TARGO Commercial Finance AG
				
		 	 

  
	 		 	 

  

				
	 Signed by:
	 	

	 		 	 

				
	 Title:
	 	

	 		 	 

	
	Constellium Rolled Products Singen GmbH & Co. KG
				
		 	 /s/ MARK KIRKLAND
	 		 	  

				
	 Signed by:
	 	MARK KIRKLAND	 		 	
	 Title:
	 	GROUP TREASURER & AUTHORISED SIGNATORYEX-10.14.1

 Exhibit 10.14.1 

Execution Version 
 Dated
27 May 2016 
 GE Capital Bank AG 

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

Constellium Singen GmbH 

Alusingen-Platz 1, 78224 Singen, Germany 
  

 
 AMENDEMENT AGREEMENT 

to a Factoring Agreement (dated 16 December 2010, 

amended and restated on 26 March 2014) 
  

 

 Execution Version 
  

 This Amendment Agreement (the “Agreement”) is dated 27 May 2016, 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 SINGEN GMBH, registered with the commercial register (Handelsregister) of the local court (Amtsgericht) of Freiburg, with registration number HRB 540034, having its registered seat at
Alusingen-Platz 1, 78224 Singen, Germany, (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 on 16 December 2010 (amended and restated on 26 March 2014), pursuant to which the Originator sells certain receivables
to GE CAPITAL (the “Factoring Agreement”). 

  

	(2)	GE CAPITAL has entered into a factoring agreement with Constellium Extrusions Deutschland GmbH, a limited liability company, with registered office at Bildstraße 4, 74564 Crailsheim, registered in the commercial
register (Handelsregister) of the local court (Amtsgericht) of Ulm under register number HRB 670619, on 16 December 2010 and has also entered into a factoring agreement with Constellium Valais S.A., Sierre, a société
anonyme incorporated under the laws of Switzerland with registered address at 3960 Sierre, registered under number CH-626.3.000.048-9., on 16 December 2010 and has
also entered into a factoring agreement with Constellium Extrusions Decin s.r.o., a company incorporated and existing under the laws of the Czech Republic, with its registered office at Ústecká 751/37, Děčin V-Rozbělesy,
405 02 Děčin, Czech Republic, identification number 183 80 654, registered in the Commercial Register maintained by the Regional Court in Ústi nad Labem under file number C 301, on 26 June 2015. 

 

	(3)	On 26 June 2015, GE CAPITAL has entered into Amendment Agreements with the Originator, Constellium Extrusions Deutschland GmbH, Constellium Valais S.A. and Constellium Extrusions Decin s.r.o. to set a total
aggregate Maximum Commitment under the Factoring Agreement and the respective other factoring agreements. 

  

	(4)	GE CAPITAL will enter into a factoring agreement on or about the date hereof with Constellium Rolled Products Singen GmbH & Co. KG, registered with the commercial register (Handelsregister) of the local
court (Amtsgericht) of Freiburg i.Br., with registration number HRA 704399, having its registered seat at Alusingen-Platz 1, 78224 Singen, Germany. 

  

	(5)	In the context of the factoring agreement to be entered into between GE CAPITAL and Constellium Rolled Products Singen GmbH & Co. KG, the Parties have agreed to amend the Factoring Agreement with respect to the
Maximum Commitment (as defined in the Factoring Agreement). 

 Execution Version 
  

 GE CAPITAL and the Originator have agreed to enter into this Agreement in order to amend the Factoring
Agreement in accordance with this Agreement. 
  

	1.	Definitions 

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

	2.	Amendment to the Factoring Agreement 

 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 of
Constellium Singen GmbH, Constellium Extrusions Deutschland GmbH, Constellium Valais S.A., Constellium Extrusions Děčin s.r.o. and Constellium Rolled Products Singen GmbH & Co. KG, whereby the total aggregate Maximum Commitment
under the respective factoring agreements between GE CAPITAL and Constellium Singen GmbH, Constellium Extrusions Deutschland GmbH, Constellium Valais S.A., Constellium Extrusions Děčin s.r.o. and Constellium Rolled Products Singen
GmbH & Co. KG amounts to 115.000.000.00 EUR (one hundred fifteen million Euro) and the Maximum Commitment for Constellium Extrusions Decin s.r.o. may not exceed 15.000.000,00 EUR (fifteen million Euro). The respective Maximum Commitment can
be changed upon request of the respective originator(s).” 
  

	3.	PARTIAL INVALIDITY; WAIVER 

  

	3.1	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 or enforceability 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. 
  

	3.2	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 

 Execution Version 
  

 
exercise thereof or the exercise of any right or remedy. The rights and remedies provided hereunder are cumulative and not exclusive of any rights or remedies provided by law. 

 

	4.	APPLICABLE LAW; JURISDICTION 

  

	4.1	Applicable Law 

 This Agreement and all obligations arising out of or connection with
this Agreement shall be governed by and construed in accordance with the laws of the Federal Republic of Germany. 
  

	4.2	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). 

 Execution Version 
  

 SIGNATORIES 
  

							
	GE CAPITAL BANK AG
				
		  	

	  		  	

		  	  
	  		  	  

				
	Signed by:	  	Philipp Schiemann	  		  	Michael Homischer
				
	Title:	  	Team Leader Large Clients	  		  	Deputy Team Leader Large Clients
			
	Constellium Singen GmbH	  		  	
				
		  	

	  		  	
		  	  
	  		  	  

				
	Signed by:	  	MARK KIRKLAND	  		  	
				
	Title:	  	GROUP TREASURER & AUTHORIZED SIGNATORY

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