Document:

EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 2 TO CREDIT AGREEMENT 

AMENDMENT NO. 2 TO CREDIT AGREEMENT, dated as of October 18, 2013 (this “Amendment”), among DUCOMMUN INCORPORATED,
a Delaware corporation (the “Borrower”), the Subsidiary Guarantors (such term and each other capitalized term used but not defined herein having the meaning given to it in the Credit Agreement defined below), each Lender (as defined
below) party hereto, UBS AG, STAMFORD BRANCH, as Administrative Agent and Collateral Agent (in such capacities, the “Administrative Agent”), Swingline Lender and Issuing Bank. 

WHEREAS, the Borrower, the Subsidiary Guarantors, each lender from time to time party thereto (the “Lenders”), the
Administrative Agent and certain other parties have entered into a Credit Agreement, dated as of June 28, 2011 (as amended, restated, supplemented and otherwise modified from time to time, the “Credit Agreement”); 

WHEREAS, the Borrower has notified the Administrative Agent and the Revolving Lenders that it desires to amend the Credit Agreement pursuant
to Section 10.02(b)(V) to modify certain of the financial covenant levels set forth in Section 6.09 of the Credit Agreement; and 

WHEREAS, the Administrative Agent and the Required Revolving Lenders have agreed to amend the Credit Agreement pursuant to
Section 10.02(b)(V) to modify certain of the financial covenant levels set forth in Section 6.09 of the Credit Agreement. 

 NOW, THEREFORE, in consideration of the premises contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 

Section 1. Amendment to Credit Agreement. Section 6.09(a) of the Credit Agreement is, effective as of the Amendment
No. 2 Effective Date (as defined below), hereby amended and restated in its entirety to read as follows: 
 “(a)
Maximum Total Leverage Ratio. If, at any time during the relevant fiscal quarter, (i) the sum of (a) any Revolving Borrowings plus (b) the amount drawn under any Letter of Credit exceeds $1.0 million; or (ii) the aggregate
amount of outstanding Letters of Credit exceeds $5.0 million, permit the Total Leverage Ratio, as of the last day of any Test Period set forth in the table below, to exceed the ratio set forth opposite such period in the table below: 

 

			
	 Test Period Ending
	  	 Leverage Ratio

	 October 1, 2011
	  	5.25 to 1.0
	 December 31, 2011
	  	5.25 to 1.0
	 March 31, 2012
	  	5.25 to 1.0
	 June 30, 2012
	  	5.25 to 1.0
	 September 29, 2012
	  	5.00 to 1.0
	 December 31, 2012
	  	4.75 to 1.0
	 March 30, 2013
	  	4.75 to 1.0
	 June 29, 2013
	  	4.75 to 1.0
	 September 28, 2013
	  	4.75 to 1.0
	 December 31, 2013
	  	4.75 to 1.0
	 March 29, 2014
	  	4.75 to 1.0
	 June 28, 2014
	  	4.75 to 1.0
	 September 27, 2014
	  	4.50 to 1.0
	 December 31, 2014
	  	4.50 to 1.0
	 April 4, 2015
	  	4.50 to 1.0
	 July 4, 2015
	  	4.50 to 1.0
	 October 4, 2015 and the end of each fiscal quarter thereafter
	  	4.00 to 1.0

 Section 2. Representations and Warranties, No Default. Each Loan Party hereby represents
and warrants that as of the Amendment No. 2 Effective Date (as defined below), and after giving effect to this Amendment: 
 (a) This
Amendment has been duly authorized by all necessary corporate or limited liability company action of each Loan Party party hereto, has been executed and delivered by each Loan Party party hereto and constitutes, and the Credit Agreement as amended
hereby will constitute, its legal, valid and binding obligation, enforceable against each Loan Party party hereto in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

(b) No Default or Event of Default shall have occurred and be continuing before and immediately after giving effect to this Amendment. 

 (c) All representations and warranties made by any Loan Party contained in the Credit Agreement
or in the other Loan Documents are true and correct in all material respects (except that any representation and warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and
correct in all respects (subject to such “materiality” or “Material Adverse Effect” qualifier)) on the date hereof with the same effect as though such representations and warranties were made on and as of the date hereof, except
to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties were true and correct in all material respects as of such earlier date. 

(d) The execution and delivery of this Amendment by each Loan Party and the performance by each Loan Party of the Credit Agreement as amended
hereby (i) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, (ii) will not violate the Organizational Documents of any Company, (iii) will not violate any
material Requirements of Law in any material respect, (iv) will not violate or result in a default or require any consent or approval under any indenture, agreement or other instrument binding upon any Company or its property, or give rise to a
right thereunder to require any payment to be made by any Company, except for violations, defaults or the creation of such rights that could not reasonably be expected to result in a Material Adverse Effect, and (v) will not result in the
creation or imposition of any Lien on any property of any Company, except Liens created by the Loan Documents and Permitted Liens. 

Section 3. Effectiveness. This Amendment shall become effective on the date (such date, the “Amendment No. 2
Effective Date”) that the following conditions have been satisfied: 
 (i) Amendment. The Administrative
Agent shall have received executed signature pages to the Amendment from each Loan Party, the Administrative Agent, the Collateral Agent, the Swingline Lender, each Issuing Bank and Lenders constituting the Required Revolving Lenders; 

(ii) Fees. All fees and out-of-pocket expenses (including of the Administrative Agent) required to be paid or reimbursed
by the Borrower hereunder or under any Loan Document to the extent invoiced on or before the Business Day prior to the Amendment No. 2 Effective Date shall have been paid or reimbursed on the Amendment No. 2 Effective Date; 

(iii) Representations and Warranties; No Default. (a) The representations and warranties made by any Loan Party
contained herein, in the Credit Agreement and in the other Loan Documents are true and correct in all material respects (except that any representation and warranty that is qualified as to “materiality”, “Material Adverse Effect”
or similar language shall be true and correct in all respects (subject to such “materiality” or “Material Adverse Effect” qualifier)) on the date hereof with the same effect as though such representations and warranties had been
made on and as of the Amendment No. 2 Effective Date, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and 

 
warranties were true and correct in all material respects as of such earlier date and (b) no Default or Event of Default shall have occurred and be continuing before and immediately after
giving effect to this Amendment; 
 (iv) Additional Information. Such additional documents, instruments and
information as the Administrative Agent may reasonably request. 
 Section 4. Costs and Expenses. Borrower shall pay on
demand all reasonable costs and expenses of the Agents (including the reasonable fees, costs and expenses of counsel to the Agents) incurred in connection with the preparation, execution and delivery of this Amendment. 

Section 5. Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto on
separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart of a signature page of this
Amendment by facsimile or any other electronic transmission shall be effective as delivery of a manually executed counterpart hereof. 

Section 6. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise
affect the meaning hereof. 
 Section 7. Effect of Amendment. Except as expressly set forth herein, this Amendment
(i) shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Administrative Agent, in each case under the Credit Agreement or any other Loan Document, and
(ii) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document. Except as expressly set forth herein, each and every term,
condition, obligation, covenant and agreement contained in the Credit Agreement or any other Loan Document is hereby ratified and re-affirmed in all respects and shall continue in full force and effect and each Loan Party reaffirms its obligations
under the Loan Documents to which it is party and the grant of its Liens on the Collateral made by it pursuant to the Security Documents. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein or
as provided in the exhibits hereto, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, or constitute a waiver of any provision of any of the Loan Documents. This Amendment
shall not extinguish the obligations for the payment of money outstanding under the Credit Agreement. Nothing herein contained shall be construed as a substitution or novation of the obligations outstanding under the Credit Agreement, which shall
remain in full force and effect, except to any extent modified hereby or as provided in the exhibits hereto. Nothing implied in this Amendment or in any other document contemplated hereby shall be construed as a release or other discharge of any of
the Loan Parties from the Loan Documents. This Amendment shall constitute a Loan Document for purposes of the Credit Agreement and from and after the Amendment No. 2 Effective Date, all references to the Credit Agreement in any Loan Document
and all references in the Credit Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Credit Agreement, shall, unless expressly provided otherwise, refer to the Credit Agreement
as amended by this 

 
Amendment. Each of the Loan Parties hereby consents to this Amendment and confirms that all obligations of such Loan Party under the Loan Documents to which such Loan Party is a party shall
continue to apply to the Credit Agreement as amended hereby. 
 Section 8. Applicable Law; Jurisdiction; Consent to Service of
Process. This Amendment shall be construed in accordance with and governed by the laws applicable to contracts entered into and to be performed in the State of New York, without regard to conflicts of law principles that would require the
application of the laws of another jurisdiction. Each of the parties hereto agrees that the provisions of Section 10.09 of the Credit Agreement are incorporated by reference herein, mutatis mutandis. 

Section 9. Waiver of Jury Trial. Each Loan Party hereby waives, to the fullest extent permitted by applicable Requirements
of Law, any right it may have to a trial by jury in any legal proceeding directly or indirectly arising out of or relating to this Amendment, any other Loan Document or the transactions contemplated hereby (whether based on contract, tort or any
other theory). Each party hereto (a) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing
waiver and (b) acknowledges that it and the other parties hereto have been induced to enter into this Amendment by, among other things, the mutual waivers and certifications in this Section. 

Section 10. Reaffirmation. Each of the Borrower and each other Loan Party hereby (i) acknowledges and agrees that all
of its obligations under the Credit Agreement and the other Loan Documents to which it is a party are reaffirmed and remain in full force and effect on a continuous basis, (ii) reaffirms each Lien granted by each Loan Party party hereto to the
Administrative Agent for the benefit of the Administrative Agent and the Secured Parties and reaffirms the Guarantees made pursuant to the Credit Agreement and any other guarantees of the Obligations, (iii) acknowledges and agrees that the
grants of security interests by and the Guarantees of the Loan Parties delivered in connection with the Credit Agreement and the other Loan Documents and any other guarantees of the Obligations are, and shall remain, in full force and effect after
giving effect to this Amendment, (iv) agrees that the Obligations include, among other things and without limitation, the prompt and complete payment and performance by the Borrower when due and payable (whether at the stated maturity, by
acceleration or otherwise) of principal and interest on, and premium (if any) on, the Loans under the Credit Agreement as amended by this Amendment, (v) agrees that the obligations secured by each Security Document shall be deemed to include
all new obligations of any Loan Party under the Loan Documents arising pursuant to this Amendment, and (vi) agrees that the Guarantees and any other guarantees of the Obligations shall extend to the obligations of any Loan Party under the
Credit Agreement, as amended by this Amendment, and the other Loan Documents. 
 Section 11. Limited Effect. This
Amendment relates only to the specific matters expressly covered herein, shall not be considered to be a waiver of any rights or remedies any Agent or any Lender may have under the Credit Agreement or under any other Loan Document, and shall not be
considered to create a course of dealing or to otherwise obligate in any respect any Agent or any Lender to execute similar or other amendments or grant any waivers under the same or similar or other circumstances in the future. 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their
respective authorized officers as of the day and year first above written. 
  

					
	 DUCOMMUN INCORPORATED,
 a Delaware
corporation,
 as the Borrower

		
	By:	 	  /s/ Joseph P. Bellino

		 	Name:	 	Joseph P. Bellino
		 	Title:	 	Vice President and Chief Financial Officer
	
	CMP DISPLAY SYSTEMS, INC.,
		 	a California corporation
	
	DUCOMMUN AEROSTRUCTURES, INC.,
		 	a Delaware corporation
	
	DUCOMMUN LABARGE TECHNOLOGIES, INC.,
		 	an Arizona corporation
	
	MILTEC CORPORATION,
		 	an Alabama corporation
	
	DUCOMMUN AEROSTRUCTURES NEW YORK, INC.,
		 	a New York corporation
	
	DUCOMMUN LABARGE TECHNOLOGIES, INC.,
		 	a Delaware corporation
	
	LABARGE/STC, INC.,
		 	a Texas corporation
	
	LABARGE ELECTRONICS, INC.,
		 	a Missouri corporation
	
	LABARGE ACQUISITION COMPANY, INC.,
		 	a Missouri corporation
	
	each as a Guarantor
		
	By	 	  /s/ Joseph P. Bellino

		 	Name:	 	Joseph P. Bellino
		 	Title:	 	Vice President

 [Signature Page to Amendment No. 2 to Credit Agreement] 

 
					
	COMPOSITE STRUCTURES, LLC,
		 	a Delaware limited liability company
	
	DUCOMMUN AEROSTRUCTURES MEXICO, LLC,
		 	a Delaware limited liability company
	
	each as a Guarantor
		
	By:	 	Ducommun AeroStructures, Inc., its Sole Member
		
	By:	 	  /s/ Joseph P. Bellino

		 	Name:	 	Joseph P. Bellino
		 	Title:	 	Vice President

 [Signature Page to Amendment No. 2 to Credit Agreement] 

 
					
	UBS AG, STAMFORD BRANCH,
	as Administrative Agent, Collateral Agent and Issuing Bank
		
	By:	 	  /s/ Lana Gifas

		 	Name:	 	Lana Gifas
		 	Title:	 	Director
		
	By:	 	  /s/ Kenneth Chin 

		 	Name:	 	Kenneth Chin
		 	Title:	 	Director
	
	 UBS LOAN FINANCE LLC,
 as Swingline
Lender and a Revolving Lender

		
	By:	 	  /s/ Lana Gifas

		 	Name:	 	Lana Gifas
		 	Title:	 	Director
		
	By:	 	  /s/ Kenneth Chin 

		 	Name:	 	 Kenneth Chin

		 	Title:	 	Director

 [Signature Page to Amendment No. 2 to Credit Agreement]EX-4.3

 Exhibit 4.3 

Execution Version 

THIRD AMENDMENT TO CREDIT AGREEMENT 

THIRD AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of July 31, 2013, among
CONSTELLIUM N.V., a Dutch public limited company registered under number 34393663 (the “Dutch Borrower”), CONSTELLIUM FRANCE S.A.S., incorporated and existing under the laws of France, registered under number 672 014
081 RCS Paris (the “French Borrower” and, together with the Dutch Borrower, the “Borrowers”), the Lenders party hereto, and DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent. All capitalized terms
used herein and not otherwise defined herein shall have the respective meanings provided to such terms in the Credit Agreement (as defined below). 

W I T N E S S E T H: 

WHEREAS, the Dutch Borrower, the French Borrower, the several banks and other financial institutions or entities from time to
time parties thereto and the Administrative Agent are parties to that certain Credit Agreement, dated as of May 25, 2012 (as amended by that certain First Amendment to Credit Agreement, dated as of June 26, 2012 and that certain Second
Amendment to Credit Agreement, dated as of March 25, 2013 and as may be further amended, amended and restated, supplemented or otherwise modified from time to time through, but not including, the date hereof, the “Credit
Agreement”); 
 WHEREAS, the Borrowers have requested that the Administrative Agent and the Required Lenders agree
to amend certain provisions of Credit Agreement as provided for herein; and 
 WHEREAS, subject to the conditions set forth
herein, the Administrative Agent and the Required Lenders are willing to agree to such amendments relating to the Credit Agreement; 
 NOW,
THEREFORE, IT IS AGREED: 
 SECTION 1. Amendments to the Credit Agreement. 

(a) The definition of “Qualified Inventory Financing” is hereby amended by adding the words in
underlined text and deleting the words in stricken text as follows: 

““Qualified Inventory Financing” means one or more financings secured by inventory of Non-U.S.
Subsidiariesdocumented (i) on a stand-alone basis or (ii) under the ABL Credit Agreement (as a separate tranche, as a sub-facility or otherwise) that meets the
following conditions: (a) the borrower or borrowers under such Qualified Inventory Financing shall be Non-US Subsidiaries; (b) the Dutch Borrower shall have determined in
good faith (which determination shall be conclusive) as of the time such financing is agreed to that such financing (including financing terms, covenants, termination events and
other provisions that are not substantially identical to those contained in the ABL Credit Agreement) is in the aggregate economically fair and reasonable to the Dutch Borrower or,
as the case may be, thesuch Non-U.S. Subsidiary in questionborrower or borrowers;
(bc) theany financing terms, covenants, termination events and other provisions
thereof that are not substantially identical to those contained in the ABL Credit Agreement shall be market terms (as determined in good faith by the Dutch
Borrower and which determination shall be conclusive) as of the time such financing is agreed to and may include
customary undertakings with respect thereto; (cd) such financing shall be without recourse to the Dutch Borrower and its Restricted Subsidiaries or any
property of the Dutch Borrower and its Restricted Subsidiaries (other than the inventory so financed and in respect of any customary undertakings with respect to such 

  
 1 

 
financing); provided that (i) the Dutch Borrower may provide an unsecured guarantee with respect to such financing which is subordinated
to(including any guarantee thereof) may be (i) secured only by (x) inventory of each such Non-U.S. Subsidiary borrower or borrowers, related documents, instruments, chattel
paper, accounts and general intangibles that are customary for ‘borrowing base’ financings of inventory or inventory securitizations (as determined by the Dutch Borrower and the Administrative Agent (which determination shall be
conclusive)), proceeds (including cash proceeds) of any of the foregoing and deposit accounts that hold solely such proceeds and (y) if such Qualified Inventory Financing is documented under the ABL Credit Agreement, the same Collateral that
secures the other obligations under the ABL Credit Agreement (subject, with respect to this clause (y) to the terms of the ABL Intercreditor Agreement) and (ii) guaranteed only by (x) each such Non-U.S. Subsidiary borrower,
(y) if such Qualified Inventory Financing is documented under the ABL Credit Agreement, each other Loan Party under and as defined in the ABL Credit Agreement and (z) any other entity that is a Loan Party hereunder, provided that, in the
case of this clause (z), such guarantee shall be unsecured (and may rank pari passu with the Loan Document Obligations and otherwise in form and substance reasonably satisfactory to the Administrative Agent and (ii) such
guarantee may include customary undertakings with respect thereto; and (d) and (e) such financing has an advance rate not to exceed 90% of the net orderly liquidation
value of the inventory securing such financings (as determined in the documentation governing such Qualified Inventory Financing) as of the end of the most recent fiscal quarter
preceding such date.” 
 (b) Section 5.01(b) of the Credit Agreement is hereby amended by adding the words in
underlined text and deleting the words in stricken text as follows: 

“(b) on or before the date that is (i) with respect to the fiscal quarter ending March 31, 2013, 60 days after the end of each
such fiscal quarter and (ii) thereafter, 5065 days after the end of each of the first three fiscal quarters each Fiscal Year, unaudited consolidated balance
sheet and related statements of income and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the Fiscal Year, setting forth in each case in comparative form the figures for the corresponding period or periods of
(or, in the case of the balance sheet, as of the end of) the previous Fiscal Year, all certified by a Financial Officer as presenting fairly in all material respects the financial condition as of the end of and for such fiscal quarter and such
portion of the Fiscal Year and results of operations and cash flows of the Dutch Borrower and its Subsidiaries on a consolidated basis in accordance with IFRS consistently applied, subject to normal year-end audit adjustments and the absence of
footnotes and accompanied by a customary “management discussion & analysis”;” 
 (c)
Section 6.01(j) of the Credit Agreement is hereby amended by adding the words in underlined text as follows: 

 

	
	 “(j) Indebtedness in respect of the ABL Credit Agreement; provided that the aggregate amount of Indebtedness thereunder shall not exceed the greater of
(x) $100,000,000 and (y) the then applicable Borrowing Base, in each case, plus the amount of any Qualified Inventory Financing incurred under clause (t) below that is
documented under the ABL Credit Agreement (it being understood and agreed that a maximum of $50,000,000 in Qualified Inventory Financing shall be permitted in the aggregate under this clause (j) and clause (t) of this
Section);”

 (d) Section 6.01(t) of the Credit Agreement is hereby amended by adding the
words in underlined text as follows: 
 “(t) Indebtedness in respect
of any Qualified Inventory Financing in an aggregate principal amount at any time outstanding pursuant to this clause (t) not in excess of $50,000,000 (it being understood and agreed
that a maximum of $50,000,000 in Qualified Inventory Financing shall be permitted in the aggregate under this clause (t) and clause (j) of this Section);” 

(e) Section 6.02(y) of the Credit Agreement is hereby amended by adding the words in
underlined text as follows: 
 “(y) Liens on inventory
that is not U.S. Collateral subject to a Qualified Inventory Financing permitted under Section 6.01(t);” 

(f) Section 6.02(ff) of the Credit Agreement is hereby amended by adding the words in
underlined text as follows: 
 “(ff) Liens on the U.S. Collateral
securing Indebtedness permitted pursuant to Section 6.01(j) or guarantees permitted pursuant to Section 6.01(t); provided that such Liens shall be subject to the ABL
Intercreditor Agreement;” 
 (g) Section 6.08(b)(iv) of the Credit Agreement is hereby amended by adding the words
in underlined text and deleting the words in stricken text as follows: 

“(iv) with respect to Constellium Holdco II, the incurrence of (A) Indebtedness permitted to be incurred by Constellium Holdco II
under Section 6.01, (B) obligations under the Loan Documents and Credit Agreement Refinancing Indebtedness in respect thereof and (C) obligations in respect of its guarantee of
(wv) the ABL Credit Agreement (including any Qualified Inventory Financing incurred or documented
thereunder), (xw) the Senior Swap Obligations, (yx) obligations (other
than Indebtedness for borrowed money) of the Subsidiaries incurred in the ordinary course of such Subsidiaries’ business and,
(zy) Qualified Receivables Financings and (z) Qualified Inventory Financings;” 

(h) Section 6.08(b)(v) of the Credit Agreement is hereby amended by adding the words in
underlined text and deleting the words in stricken text as follows: 

“(v) with respect to the Dutch Borrower, the incurrence of (A) Indebtedness permitted to be incurred by the Dutch Borrower under
Section 6.01, (B) obligations under the Loan Documents and Permitted Refinancing Indebtedness in respect thereof and (C) obligations in respect of its guarantee of
(w) the ABL Credit Agreement (including any Qualified Inventory Financing incurred or documented thereunder),
(yx) obligations (other than Indebtedness for borrowed money) of the Subsidiaries incurred in the ordinary course of such Subsidiaries’ business
and, (zy) Qualified Receivables Financings
and (z) Qualified Inventory Financings;” 
 SECTION 2. Other Loan
Documents. The Required Lenders hereby agree to, and hereby authorize the Administrative Agent to enter into, any intercreditor agreements, or amendments to the ABL Intercreditor Agreement or any other Loan Document, in either case to allow a
Qualified Inventory Financing to be provided under the ABL Credit Agreement (though the incurrence of such Qualified Inventory Financing is pursuant to clause 6.01(t) of the Credit Agreement); it being understood and agreed that the assets of the
Non-U.S. Subsidiary borrower or borrowers that secure such Qualified Inventory Financing will not be or become Collateral for the Loan Document Obligations. Such amendments may include releasing, subordinating and/or foregoing all or any Liens
securing the Secured Obligations on Collateral that is permitted to secure Qualified Inventory Financings, including Liens on any deposit accounts. 

 SECTION 3. Representations and Warranties. In order to induce the Lenders to enter into this Amendment and
to amend the Credit Agreement in the manner provided herein, each Borrower represents and warrants to the Lenders for itself and the Loan Parties that are its Subsidiaries that: 

(a) Each of the Loan Parties has the power and authority to execute, deliver and perform its obligations under this Amendment,
the Credit Agreement, as amended by this Amendment (the “Amended Agreement”) and each of the other Loan Documents to which it is a party. 

(b) The execution, delivery and performance by each of the Loan Parties of this Amendment, the Amended Agreement and each of
the other Loan Documents to which it is a party (a) have been duly authorized by all corporate, public limited company or limited liability company or partnership action required to be obtained by such Loan Party and (b) will not
(i) (A) violate any provision of law, statute, rule or regulation, or of the Organizational Documents of such Loan Party, (B) violate any applicable order of any court or any rule, regulation or order of any Governmental Authority or
(C) violate, be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or acceleration of any right or obligation (including
any payment) or to a loss of a material benefit under any indenture, certificate of designation for preferred stock, agreement or any other instrument to which such Loan Party is a party or by which any of them or their property is or may be bound,
where any such conflict, violation, breach or default referred to in this clause (i) could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, or (ii) result in the creation or imposition of any
Lien upon or with respect to any property or assets now owned or hereafter acquired by such Loan Party, other than the Liens created by the Loan Documents and Liens permitted by Section 6.02 of the Credit Agreement. 

(c) No action, consent or approval of, registration or filing with or any other action by any Governmental Authority is or will
be required in connection with the execution, delivery and performance by each of the Loan Parties of this Amendment, the Amended Agreement and the other Loan Documents to which it is a party, except for (a) such as have been made or obtained
and are in full force and effect, and (b) such other actions, consents, approvals, registrations or filings with respect to which the failure to be obtained or made could not reasonably be expected to have a Material Adverse Effect. 

(d) When this Amendment is executed and delivered by each Loan Party that is party hereto, this Amendment and the Amended
Agreement will constitute, a legal, valid and binding obligation of such Loan Party enforceable against each such Loan Party in accordance with its terms, subject to (i) the effects of bankruptcy, insolvency, moratorium, reorganization,
fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (iii) implied
covenants of good faith and fair dealing. 
 (e) The representations and warranties of each Loan Party set forth in the Loan
Documents shall be true and correct in all material respects on and as of the Effective Date, as though made on and as of the Effective Date; provided that, to the extent that such representations and warranties specifically refer to an earlier date
or period, they shall be true and correct in all material respects as of such earlier date or period; provided further that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or
similar language shall be true and correct in all respects on the date of such credit extension or on such earlier date, as the case may be (after giving effect to such qualification). 

(f) No Default or Event of Default shall have occurred and be continuing or will result from the consummation of the
transactions contemplated by this Amendment. 

 SECTION 4. Conditions to Effectiveness. This Amendment shall become effective only upon the satisfaction
of all of the following conditions precedent (the date of satisfaction of such conditions being referred to herein as the “Effective Date”): 

(a) The Administrative Agent (or its counsel) shall have received either (i) a counterpart of this Amendment signed on
behalf of the Borrowers and the Required Lenders or (ii) written evidence satisfactory to the Administrative Agent (which may include facsimile or other electronic transmission of a signed counterpart of this Amendment) that the Borrowers and
the Required Lenders have signed a counterpart of this Amendment. 
 (b) The Administrative Agent shall have received
(i) an amendment fee, for the account of each Lender that consents to this Amendment by executing and delivering this Amendment to the Administrative Agent appropriately completed on or prior to 12:00 p.m., New York City time, on July 26,
2013, in an amount equal to 0.025% of the outstanding principal amount of such Lender’s Term Loans under the Credit Agreement and (ii) all fees and other amounts previously agreed in writing by the Administrative Agent, and the Borrowers
to be due and payable on or prior to the Effective Date, including, to the extent invoiced at least one Business Day prior to the Effective Date, reimbursement or payment of all out-of-pocket expenses (including reasonable fees, charges and
disbursements of counsel) required to be so reimbursed or paid. 
 (c) The representations and warranties of each Loan Party
set forth in the Loan Documents shall be true and correct in all material respects on and as of the Effective Date, as though made on and as of the Effective Date; provided that, to the extent that such representations and warranties specifically
refer to an earlier date or period, they shall be true and correct in all material respects as of such earlier date or period; provided further that any representation and warranty that is qualified as to “materiality,” “Material
Adverse Effect” or similar language shall be true and correct in all respects on the date of such credit extension or on such earlier date, as the case may be (after giving effect to such qualification). 

(d) No Default or Event of Default shall have occurred and be continuing or will result from the consummation of the
transactions contemplated by this Amendment. 
 SECTION 5. Miscellaneous Provisions. 

(a) This Amendment is limited as specified and shall not constitute a modification, acceptance or waiver of any other
provisions of the Credit Agreement or any other Loan Document. 
 (b) This Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts, each of which counterparts when executed and delivered (including by facsimile or electronic transmission) shall be an original, but all of which shall together constitute
one and the same instrument. A complete set of counterparts shall be lodged with the Dutch Borrower and the Administrative Agent. 

(c) THIS AMENDMENT AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT, TORT, OR OTHERWISE) THAT MAY BE BASED UPON, ARISE
OUT OF OR RELATE IN ANY WAY TO THIS AMENDMENT, OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO ANY PRINCIPLE OF CONFLICTS OF LAW THAT COULD REQUIRE THE APPLICATION OF ANY OTHER LAW. 

 (d) Section 9.10(b) of the Credit Agreement will apply with like effect to
this Amendment and any dispute arising hereunder. 
 (e) From and after the Effective Date, all references in the Credit
Agreement and in each of the other Loan Documents to the “Credit Agreement” shall be deemed to be references to the Credit Agreement as amended, amended and restated, supplemented or otherwise modified hereby. This Amendment shall
constitute a Loan Document for all purposes under the Credit Agreement and each of the other Loan Documents. 
 (f) This
Amendment shall be binding upon and inure to the benefit of the Borrowers and the other Loan Parties and each of their respective successors and assigns, and upon the Administrative Agent and the Lenders and their respective successors and assigns.

 (g) Any provision of this Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 (h) If the Dutch Borrower is represented by an attorney in connection with the
signing and/or execution of this Amendment it is hereby expressly acknowledged and accepted by the other parties to this Amendment that the existence and extent of the attorney’s authority and the effects of the attorney’s exercise or
purported exercise of his authority shall be governed by the laws of the Netherlands. 
 [Remainder of page intentionally left blank.]

 IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers
to execute and deliver this Amendment as of the date first above written. 
  

					
	DUTCH BORROWER:
	
	CONSTELLIUM N.V.
		
	By:	 	 /s/ Pierre Vareille

		 	Name:	 	Pierre Vareille
		 	Title:	 	Executive Director

 Signature Page to Amendment 

 
					
	FRENCH BORROWER:
	
	CONSTELLIUM FRANCE S.A.S
		
	By:	 	 /s/ Corinne Fornara

		 	Name:	 	Corinne Fornara
		 	Title:	 	Group Controller
		
	By:	 	 /s/ Manuel Gabrié

		 	Name:	 	Manuel Gabrié
		 	Title:	 	Financial Director

 Signature Page to Amendment 

 
					
	DEUTSCHE BANK AG NEW YORK BRANCH,
	as Administrative Agent
		
	By:	 	 /s/ Marcus M. Tarkington

		 	Name:	 	Marcus M. Tarkington
		 	Title:	 	Director
		
	By:	 	 /s/ Michael Getz

		 	Name:	 	Michael Getz
		 	Title:	 	Vice President

 Signature Page to Amendment 

 
			
	  

	as a Lender
		
		 	Executed signature pages from consenting Lenders are on file with the Administrative Agent
		
	By:	 	  

		 	Name:
		 	Title:
	
	For any institution requiring a second signatory:
		
	By:	 	  

		 	Name:
		 	Title:

 Signature Page to Amendment

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