Document:

EX-10.24

 Exhibit 10.24 
  

			
		  	Type: Time- and Performance-Based Option
		  	Name: Ari Bousbib
		  	Number of Shares Subject to Option: 30,000,000
		  	Price per Share: $1.00
		  	Date of Grant: December 1, 2010

 HEALTHCARE TECHNOLOGY HOLDINGS, INC. 

2010 EQUITY INCENTIVE PLAN 

THIS AWARD AND ANY SECURITIES ISSUED UPON EXERCISE OF THIS OPTION ARE SUBJECT TO RESTRICTIONS ON VOTING AND TRANSFER AND REQUIREMENTS OF
SALE AND OTHER PROVISIONS AS SET FORTH IN THE MANAGEMENT STOCKHOLDERS AGREEMENT (AS DEFINED IN THE HEALTHCARE TECHNOLOGY HOLDINGS, INC. 2010 EQUITY INCENTIVE PLAN). 

HEALTHCARE TECHNOLOGY HOLDINGS, INC. STRONGLY ENCOURAGES YOU TO SEEK THE ADVICE OF YOUR OWN LEGAL AND FINANCIAL ADVISORS WITH RESPECT TO
YOUR AWARD AND ITS TAX CONSEQUENCES. 
 SENIOR MANAGEMENT NONSTATUTORY
OPTION AGREEMENT 
 1. Grant of Option. This agreement (the
“Agreement”) evidences the grant by Healthcare Technology Holdings, Inc. (the “Company”) to the undersigned (the “Optionee”) on December 1, 2010 (the “Date of Grant”) of an
option (the “Option”) under the Healthcare Technology Holdings, Inc. 2010 Equity Incentive Plan (the “Plan”), the terms of which are incorporated herein by reference, to purchase, in whole or in part, on the terms
provided herein and in the Plan, the number of shares of Stock set forth in Schedule A (the “Shares”) with an exercise price of $1.00 per share (the Fair Market Value of the Stock on the Date of Grant), in each case subject to
adjustment pursuant to Section 7 of the Plan. The Option will vest in accordance with Section 3 below. 
 The Option evidenced by
this Agreement is intended to be a nonstatutory option (that is, an option not described in subsection (b) of Section 422) and is granted to the Optionee in connection with the Optionee’s Employment by the Company and its qualifying
subsidiaries. For purposes of the immediately preceding sentence, “qualifying subsidiary” means a subsidiary of the Company as to which the Company has a “controlling interest” as described in Treas. Regs.
§ 1.409A-1(b)(5)(iii)(E)(1). 

 2. Meaning of Certain Terms. Except as otherwise defined herein, all capitalized terms
used in this Agreement shall have the same meaning as in the Plan. The following terms shall have the following meanings: 

(a) “Annual EBITDA” means Consolidated Adjusted EBITDA for the applicable fiscal year ending December 31.

 (b) “Annual EBITDA Target” has the meaning set forth in Schedule A. 

(c) “Beneficiary” means, in the event of the Optionee’s death, the beneficiary named in the written
designation (in form acceptable to the Administrator) most recently filed with the Administrator by the Optionee prior to death and not subsequently revoked, or, if there is no such designated beneficiary, the executive or administrator of the
Optionee’s estate. An effective beneficiary designation shall be treated as having been revoked only upon receipt by the Administrator, prior to the Optionee’s death, of an instrument of revocation in form acceptable to the Administrator.
If the Option or any portion thereof has been transferred to a Permitted Transferee who is a natural person and such Permitted Transferee dies while the Option or transferred portion thereof is outstanding, the Option or portion thereof so
transferred may thereafter be exercised, to the extent it remains exercisable and subject to such limitations as the Administrator may impose, by the person or persons to whom it passed from the Permitted Transferee by the applicable laws of descent
and distribution. 
 (d) “Cash Proceeds” means, as of any Determination Date occurring after the Closing
Date, the cumulative total of all cash and Marketable Securities actually received by the Investors after the Closing Date and on or before such Determination Date in respect of the Investors’ Initial Equity Investment, excluding, for the
avoidance of doubt, management, consulting, monitoring, advisory or similar fees paid to affiliates of the Investors that are contemplated by the Management Services Agreement dated February 26, 2010 by and among the Company, Healthcare
Acquisition, Inc., Healthcare Technology Intermediate Holdings, Inc., Healthcare Technology Intermediate, Inc., TPG Capital, L.P. and the other parties thereto (the “Management Agreement”) or associated with the termination of such
agreement. 
 (e) “Closing Date” means February 26, 2010. 

(f) “Consolidated Adjusted EBITDA” has the meaning set forth in the Credit and Guaranty Agreement dated as of
February 26, 2010 among IMS Health Incorporated, IMS AG, IMS Japan K.K., Healthcare Technology Intermediate Holdings, Inc., Goldman Sachs Lending Partners LLC, Bank of America, N.A., Barclays Capital, HSBC Securities (USA) Inc., RBC Capital
Markets, Fifth Third Bank, General Electric Capital Corporation, Mizuho Corporate Bank, Ltd., Suntrust Bank and the other parties thereto, except that for purposes of this Agreement, Consolidated Adjusted EBITDA shall be determined without regard to
subsection (i) of such definition. 
 (g) “Cumulative EBITDA” means the sum of the Annual EBITDA for
the relevant fiscal year and the immediately preceding fiscal year. This amount is then used to test whether the applicable Cumulative EBITDA Target has been met. 

  
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 (h) “Cumulative EBITDA Target” has the meaning set forth in
Schedule A. 
 (i) “Determination Date” means as to any cash received by the Investors in respect of their
Initial Equity Investment, the date such cash is actually received, or as to any Marketable Securities actually received by the Investors in respect of their Initial Equity Investment, the “measurement date” as referred to in
Section 2(p) below. 
 (j) “Employment Agreement” means the Employment Agreement between the Optionee,
the Company and IMS Health Incorporated dated as of August 16, 2010 and effective as of September 1, 2010. 
 (k)
“Initial Equity Investment” means the Shares issued to the Investors as of February 26, 2010, including any stock, securities or other property or interests received by the Investors in respect of such shares in connection with
any stock dividend or other similar distribution, stock split or combination of shares, recapitalization, conversion, reorganization, consolidation, split-up, spin-off, combination, repurchase, merger, exchange of stock or other transaction or event
that affects the Company’s capital stock occurring after the date of issuance, but not including, for the avoidance of doubt, any stock or other securities issued to the Investors or any of them in respect of any subsequent investment or
capital contribution made by the Investors or any of them. 
 (l) “Initial Investment Value” means
$2,770,000,000. 
 (m) “Investors” has the same meaning as set forth in the Management Stockholders
Agreement. 
 (n) “IRR” means the internal rate of return actually earned by the Investors on their cash
investment to purchase shares of Stock. The internal rate of return shall take into account the amount and timing of all (i) cash dividends and distributions to such Investors in respect of the shares of Stock owned by them (excluding, for the
avoidance of doubt, management, consulting, monitoring, advisory or similar fees paid to affiliates of the Investors that are contemplated by the Management Agreement or associated with the termination of such agreement), (ii) cash proceeds
from the sale or other disposition of any such shares of Stock and (iii) Marketable Securities received in respect of such shares of Stock. 

(o) “Merger” has the same meaning as that term is defined in the Management Stockholders Agreement. 

(p) “Option Holder” means the Optionee or, if as of the relevant time the Option has passed to a Beneficiary
or Permitted Transferee, the Beneficiary or Permitted Transferee, as the case may be, who holds the Option pursuant to the terms of this Agreement. 

(q) “Marketable Securities” means any equity security (including Stock or any security issued by the Company
in substitution or exchange for such Stock) that is 

  
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both (i) of a class that includes equity securities that are listed on a national securities exchange and (ii) registered under the Securities Exchange Act of 1934, as amended, in each
case as of the applicable determination date; provided, however, that Marketable Securities shall not include any such equity securities described above to the extent that, and only for so long as, the equity securities of such type or
class received by the Investors are subject to a contractual lock-up or similar agreement restricting transferability or may not be distributed or resold without volume limitation or other restrictions on transfer under Rule 144 under the Securities
Act of 1933, as amended (or any successor provision thereof), including without application of paragraphs (c), (e), (f) and (h) of such Rule 144. For purposes of this Agreement, the value of the Marketable Securities on any
“measurement date” (which shall be the date of initial receipt of Marketable Securities by the Investors, the date any such contractual lockup or similar restriction expires or the last day of each calendar quarter beginning with the
calendar quarter within which the initial receipt of Marketable Securities by the Investors occurred) shall be equal to the average of the Trading Price of such Marketable Securities over each of the forty-five (45) consecutive Trading Days
immediately preceding (and including) such measurement date; provided, however, that the Administrator shall be entitled to make equitable adjustments to such valuation methodology in the event of an extraordinary transaction occurring
during any such forty-five (45) Trading Day period ending on such measurement date. 
 (r) “Performance
Period” means the five (5) year period beginning on January 1, 2011 and ending on December 31, 2015. 

(s) “Permitted Transferee” means a transferee of the Option pursuant to a transfer described at Section 7
below. 
 (t) “Trading Day” means each business day during such calendar quarter in which the Trading Price
of the Stock or Marketable Securities, as applicable, is reported by the principal securities exchange or, solely in the case of Stock, furnished by a member of the National Association of Securities Dealers, inc. (“NASD”) selected
by the Board or determined by the Board in good faith. 
 (u) “Trading Price” means (i) the closing
price on such day of a share of Stock or Marketable Securities, as applicable, as reported on the principal securities exchange on which shares of Stock or Marketable Securities, as applicable, are then listed or admitted to trade or (ii) if
not so reported, as furnished by any member of the NASD selected by the Board. In the event that the price of a share of Stock is not so reported or furnished, the Trading Price will be determined by the Board in good faith. 

(v) “Tranche 1 Options” means the portion of the Option to purchase the number of shares of Stock set forth in
Schedule A that is subject to time-based vesting in accordance with the terms of this Agreement, including Schedule A, and the Plan. 

  
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 (w) “Tranche 2 Options” means the portion of the Option to
purchase the number of shares of Stock set forth in Schedule A that is subject to time-based and performance-based vesting in accordance with the terms of this Agreement, including Schedule A, and the Plan. 

3. Vesting; Method of Exercise; Treatment of the Option Upon Cessation of Employment.  

(a) Generally. As used herein with respect to the Option or any portion thereof, the term “vest” means to
become exercisable. Unless earlier terminated, relinquished or expired, the Tranche 1 Options and the Tranche 2 Options shall vest in accordance with the terms of Schedule A applicable thereto. 

(b) Exercise of the Option. No portion of the Option may be exercised until such portion vests and, with respect to the
Tranche 2 Options, is earned under Schedule A. Each election to exercise any vested and, with respect to the Tranche 2 Options, earned portion of the Option shall be subject to the terms and conditions of the Plan and shall be in writing, signed by
the Optionee or by the Beneficiary or Permitted Transferee to whom such portion of the Option has passed (subject to any restrictions provided under the Plan and the Management Stockholders Agreement). Each such written exercise election must be
received by the Company at its principal office and be accompanied by payment in full as provided in the Plan. The purchase price may be paid (i) by cash or check acceptable to the Administrator, (ii) by such other means, if any, as may be
acceptable to the Administrator, or (iii) by any combination of the foregoing permissible forms of payment; provided, however, that in addition to the foregoing, in the event of an exercise of the Option, or a portion of the
Option, in connection with or following a cessation of Employment as result of death, Disability, termination by the Company without Cause, voluntary resignation for Good Reason, an Expiration Termination (as defined in the Employment Agreement),
the Optionee’s Retirement, or a voluntary resignation without Good Reason after September 1, 2013, or in the event of an exercise of the Option, or a portion of the Option on or immediately prior to the Final Exercise Date while the
Optionee remains employed, the purchase price may be paid, at the Optionee’s election, on a cashless basis under which shares of Stock otherwise deliverable under the Option and having a Fair Market Value equal to the exercise price are
withheld by the Company in accordance with the Plan. In the event that the Option is exercised by a person other than the Optionee, the Company will be under no obligation to deliver Shares hereunder unless and until it is satisfied as to the
authority of the Option Holder to exercise the Option. The latest date on which the Option or any portion thereof may be exercised is the 10th anniversary of the Date of Grant, (the “Final Exercise Date”), and if not exercised by
such date the Option or any remaining portion thereof will thereupon immediately terminate. 

  
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 (c) Treatment of the Option Upon Cessation of Employment. If the
Optionee’s Employment ceases, the Option to the extent not already vested will be immediately forfeited and any vested portion of the Option will be treated as follows: 

(i) Subject to (ii), (iii), (iv), (v) and (vi) below and Schedule A (with respect to Tranche 2 Options), the Option,
to the extent exercisable immediately prior to the cessation of the Optionee’s Employment, will remain exercisable until the earlier of (i) 30 days following cessation of Employment or (ii) the Final Exercise Date, and, unless
previously exercised, will thereupon immediately terminate. 
 (ii) In the event of cessation of the Optionee’s
Employment by reason of death or Disability, the Option, to the extent exercisable immediately prior to Optionee’s death or Disability, will remain exercisable until the earlier of (i) the first anniversary of the Optionee’s death or
Disability, or (ii) the Final Exercise Date, and, unless previously exercised, will thereupon immediately terminate. 

(iii) In the event of cessation of the Optionee’s Employment by the Company without Cause, by the Optionee for Good
Reason, or upon an Expiration Termination, the Option, to the extent exercisable immediately prior to the cessation of the Optionee’s Employment, will remain exercisable until the earlier of (i) 90 days following cessation of Employment,
or (ii) the Final Exercise Date, and, unless previously exercised, will thereupon immediately terminate. 
 (iv) In the
event of cessation of the Optionee’s Employment due to the Optionee’s Retirement, the Option, to the extent exercisable immediately prior to the cessation of the Optionee’s Employment, will remain exercisable until the earlier of
(i) 90 days following cessation of Employment, or (ii) the Final Exercise Date, and, unless previously exercised, will thereupon immediately terminate. 

(v) The Option will terminate immediately prior to a cessation of the Optionee’s Employment if such cessation of
Employment has resulted in connection with an act or failure to act constituting Cause. 
 (vi) In the event the Optionee
terminates Employment for any reason and, within 24 months of such termination date, breaches any non-competition or non-solicitation covenant or materially breaches any confidentiality, non-disclosure or other similar covenant, the Option will be
treated as having terminated immediately prior to such cessation of Employment. 
 4. Adjustment of Annual and Cumulative EBITDA
Targets. Annual and Cumulative EBITDA targets for a particular fiscal year as described in Schedule A will be adjusted to reflect the consequences of future acquisitions and dispositions, future reasonable management and investment banking fees
consistent with industry standards, the impact of foreign currency exchange rates or in the event of changes in GAAP. Any such adjustments shall be made in good faith by the Administrator in its discretion after consultation with the CEO and due
consideration of his recommendations related to the foregoing. 
 5. Share Restrictions, etc. Except as expressly provided herein,
the Optionee’s rights hereunder and with respect to Shares received upon exercise are subject to the restrictions and other provisions contained in the Management Stockholders Agreement. 

  
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 6. Legends, etc. Shares issued upon exercise shall bear such legends as may be required or
provided for under the terms of the Management Stockholders Agreement. 
 7. Transfer of Option. The Option may only be transferred
to a legal representative in the event of the Optionee’s incapacity or to one or more transferees permitted under Section 6(a)(3) of the Plan. 

8. Withholding. The exercise of the Option will give rise to “wages” subject to withholding. The Optionee expressly
acknowledges and agrees that the Optionee’s rights hereunder, including the right to be issued Shares upon exercise, are subject to the Optionee promptly paying to the Company in cash (or by such other means as may be acceptable to the
Administrator in its discretion) all taxes required to be withheld. In the event of an exercise of the Option, or a portion of the Option, in connection with or following a cessation of Employment as result of death, Disability, termination by the
Company without Cause, voluntary resignation for Good Reason, an Expiration Termination, the Optionee’s Retirement, or a voluntary resignation without Good Reason after September 1, 2013, or in the event of an exercise of the Option, or a
portion of the Option, on or immediately prior to the Final Exercise Date while the Optionee remains employed, the Optionee may elect to have shares of Stock held back by the Company having a Fair Market Value equal to the applicable minimum tax
withholding requirements in accordance with the Plan. The Optionee also authorizes the Company and its subsidiaries to withhold such amount from any amounts otherwise owed to the Optionee and the Company may so withhold. 

9. Treatment of the Option upon Consummation of a Covered Transaction. 

(a) Notwithstanding Section 7(a)(3) of the Plan that permits the Administrator, in its discretion, to accelerate the
exercisability of Awards in connection with a Covered Transaction in which there is no assumption, continuation, substitution or cash-out of an Award, the portion of the Tranche 1 Option that is outstanding immediately prior the consummation of a
Covered Transaction, to the extent that it is not assumed, continued, substituted or cashed-out in connection with the Covered Transaction in accordance with the terms of the Plan, shall vest in full immediately prior to the consummation of such
Covered Transaction. 
 (b) For the avoidance of doubt, the Tranche 2 Option (or portion thereof) that does not vest and
become earned in connection with a Covered Transaction occurring on or prior to February 26, 2016 as a result of the targets set forth in the penultimate paragraph of Schedule A hereto not having been satisfied in connection with such Covered
Transaction shall, to the extent practicable, remain outstanding and eligible to vest and become earned based on attainment of the Annual EBITDA Target(s) or Cumulative EBITDA Target(s) set forth in Schedule A hereto, and if such treatment is not
practicable, such Tranche 2 Option (or portion thereof) shall vest and become earned immediately prior to the consummation of such Covered Transaction. On or 

  
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after February 26, 2016, to the extent that the Tranche 2 Options do not vest and become earned in connection with a Covered Transaction, such Tranche 2 Options shall thereupon terminate
upon the consummation of the Covered Transaction with no consideration due to the Optionee. 
 10. Effect on Employment. Neither the
grant of the Option, nor the issuance of Shares upon exercise of the Option, shall give the Optionee any right to be retained in the employ of the Company or any of its Affiliates, affect the right of the Company or any of its Affiliates to
discharge or discipline such Optionee at any time, or affect any right of such Optionee to terminate his or her Employment at any time. 

11. Other Undertakings. 

(a) To protect the interests of the Company and its direct and indirect subsidiaries (collectively, the “IMS
Companies”), including the confidential information of the IMS Companies and the confidential information of their respective customers, data suppliers, prospective customers and other companies with which the IMS Companies have a business
relationship, and in consideration of the covenants and promises and other valuable consideration described in this Agreement, the Company and the Optionee agree as follows: 

(b) The Optionee acknowledges and agrees that he is bound by the confidentiality and other covenants contained in the
restrictive covenant and confidentiality agreements that he has executed with an IMS Company, which covenants and agreements are incorporated herein by reference and shall survive any exercise, expiration, forfeiture or other termination of this
Agreement or the Option issuable hereunder. The Optionee also acknowledges and agrees that the Company shall be an affiliate for purposes of such restrictive covenant and confidentiality agreements. 

(c) The Optionee acknowledges the opportunity to participate in the Plan and the financial benefits that may accrue from such
participation, is good, valuable and sufficient consideration for the following: 
 (i) The Optionee acknowledges and agrees
that he is and will remain bound by the non-competition and non-solicitation covenants contained in the Employment Agreement. 

(ii) The Optionee further acknowledges and agrees that the remedies available for breach of any non-competition or
non-solicitation covenants shall include, but not be limited to, the following: (v) actual damages, (w) all equitable remedies available to the Company, (x) the rights and remedies of the Company set forth in Section 5 of the
Management Stockholders Agreement, (y) the forfeiture of the Option for no consideration, and (z) in respect of the Option (or portion thereof) exercised by the Optionee prior to any such breach or subsequent thereto and prior to the
forfeiture of such award required by this Section 12(c)(ii), the Optionee shall pay to the Company an amount equal to the difference between 

  
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the exercise price of the Option and the per-share proceeds of any sale of Stock acquired upon such exercise multiplied by the number of shares of Stock so sold. The Company shall also be
entitled to the foregoing remedies in the event of a material breach of any confidentiality, non-disclosure or other similar covenant contained in the restrictive covenant and confidentiality agreements that the Optionee has executed with an IMS
Company. 
 12. Provisions of the Plan. This Agreement is subject in its entirety to the provisions of the Plan, which are
incorporated herein by reference. A copy of the Plan as in effect on the Date of Grant has been furnished to the Optionee and the Optionee agrees to be bound by the terms of the Plan and this Agreement. In the event of any conflict between the terms
of this Agreement and the terms of the Plan, the terms of this Agreement shall control. The Company acknowledges and agrees that, for purposes of this Agreement and the Plan, the terms “Cause” and “Good Reason” shall be
determined in accordance with and pursuant to the Employment Agreement. 
 13. S-8 Registration. As soon as practicable after the
time that Shares are first registered by the Company pursuant to an effective registration on Form S-1, the Company shall register the Shares, issuable to the Optionee upon the exercise of any portion of the Option, pursuant to a Form S-8 (or
successor registration form); provided that the Optionee shall agree to bound by any applicable lock-up agreement in connection with such registration, pursuant to Section 3.6 of the Management Stockholders Agreement or otherwise. 

14. Governing Law. This Agreement and all claims arising out of or based upon this Agreement or relating to the subject matter hereof
shall be governed by and construed in accordance with the domestic substantive laws of the State of Delaware without giving effect to any choice or conflict of laws provision or rule that would cause the application of the domestic substantive laws
of any other jurisdiction. 
 By acceptance of the Option, the undersigned agrees hereby to become a party to, and be bound by the terms of,
the Management Stockholders Agreement. 
 [The remainder of this page is intentionally left blank] 

  
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 Executed as of the 1st day of December,
2010. 
  

									
	Healthcare Technology Holdings, Inc.	 		 	HEALTHCARE TECHNOLOGY HOLDINGS, INC.
				
		 		 	By:	 	/s/ Harvey A. Ashman
		 		 		 	Name:	 	Harvey A. Ashman
		 		 		 	Title:	 	SVP, General Counsel, External Affairs & Corporate Secretary
				
	Optionee	 		 	By:	 	/s/ Ari Bousbib
		 		 		 	Name:	 	Ari Bousbib
		 		 		 	Title:	 	Chairman, Chief Executive Officer & President

 [Signature Page to Senior Management Nonstatutory Option Agreement]EX-10(l)

 Exhibit 10(l) 

UNITED STATES DISTRICT COURT FOR THE 

WESTERN DISTRICT OF PENNSYLVANIA 
  

					
	UNITED STATES OF AMERICA	 	 )

)
	 	
		 	)	 	CRIMINAL NO. 14-7
	 v.
	 	)	 	
		 	)	 	Count 1: FCPA Anti-Bribery
	ALCOA WORLD ALUMINA LLC,	 	)	 	Provision,
		 	)	 	15 U.S.C. § 78dd-2 and
	Defendant.	 	)	 	18 U.S.C. § 2
		 	 )

)
 )
	 	

 PLEA AGREEMENT 

The United States of America, by and through the Fraud Section of the Criminal Division of the United States Department of Justice and the
United States Attorney’s Office for the Western District of Pennsylvania (the “United States” or the “Department”), and the defendant, Alcoa World Alumina LLC (the “Defendant”), by and through its undersigned
attorneys, and through its authorized representative, pursuant to authority granted by Defendant’s Board of Member Representatives, hereby submit and enter into this plea agreement (the “Agreement”), pursuant to Rule 11(c)(1)(C) of
the Federal Rules of Criminal Procedure. The terms and conditions of this Agreement are as follows: 
 The Defendant’s Agreement

 1. Pursuant to Fed. R. Crim. P. 11(c)(1)(C), the Defendant agrees to waive its right to grand jury indictment and its right to
challenge venue in the District Court for the Western District of Pennsylvania, and to plead guilty to a one-count Information charging the Defendant with one count of violating the anti-bribery provisions of the Foreign Corrupt Practices Act of
1977 (“FCPA”), as amended, Title 15, United States Code, Section 78dd-2, and Title 18, United 

 
States Code, Section 2. Upon acceptance by the Court of this Agreement, the Defendant further agrees to persist in that plea through sentencing and, as set forth below, to cooperate fully
with the Department in its investigation into all matters related to the conduct charged in the Information. 
 2. The Defendant understands
and agrees that this Agreement is between the Department and the Defendant and does not bind any other division or section of the Department of Justice or any other federal, state, or local prosecuting, administrative, or regulatory authority.
Nevertheless, the Department will bring this Agreement and the cooperation of the Defendant, its direct or indirect affiliates, subsidiaries, and majority shareholder to the attention of other prosecuting authorities or other agencies, if requested
by the Defendant. 
 3. The Defendant agrees that this Agreement will be executed by an authorized corporate representative. The Defendant
further agrees that a resolution duly adopted by the Defendant’s Board of Member Representatives, attached to this Agreement as Exhibit 1, or in similar form, authorizes the Defendant to enter into this Agreement and take all necessary steps to
effectuate this Agreement, and that the signatures on this Agreement by the Defendant and its counsel are authorized by the Defendant’s Board of Member Representatives on behalf of the Defendant. In connection with this Agreement, the Defendant
will also provide to the Department a certified resolution of the Board of Directors of Alcoa Inc., attached as Exhibit 2 hereto, or in similar form, that provides that Alcoa Inc. (“Alcoa”), and its subsidiaries, divisions, groups and
affiliates, except for the Defendant, agree to certain undertakings as set forth in this Agreement in exchange for the United States’ agreement in paragraph 20. 

4. Except as may otherwise be agreed by the parties hereto in connection with a particular transaction, the Defendant agrees that if, at any
time while the Defendant has 

 
obligations under this Agreement, the Defendant sells, merges, or transfers all or substantially all of its business operations as they exist as of the date of this Agreement, whether such
sale(s) is/are structured as a stock or asset sale, merger, or transfer, the Defendant shall include in any contract for sale, merger, or transfer a provision fully binding the purchaser(s) or any successor(s) in interest thereto to the guarantees
and obligations described in this Agreement. 
 5. The Defendant waives any statute of limitations with regard to any conduct relating to
corrupt payments and related internal accounting controls or books and records violations as of the date of this Agreement through the full term of the Defendant’s probation and until all of the Defendant’s obligations under this Agreement
have been satisfied. 
 6. The Defendant agrees and represents that it has the full legal right, power, and authority to enter into and
perform all of its obligations under this Agreement. 
 7. The Defendant agrees to pay the United States a criminal fine in the amount of
$209,000,000 in five equal annual installments of $41,800,000. The first payment shall be made in full on or before the tenth (10) business day after the date of the entry of the judgment of conviction following the Defendant’s sentencing,
and the second, third, fourth and fifth payments shall be due in full, respectively, on the first, second, third, and fourth-year anniversaries of the entry of the judgment of conviction. The Defendant agrees to wire transfer these payments to the
Clerk of the Court for the United States District Court for the Western District of Pennsylvania. The Defendant further agrees to pay the Clerk of the Court for the United States District Court for the Western District of Pennsylvania the mandatory
special assessment of $400 within ten (10) business days from the date of entry of the judgment of conviction. The Defendant acknowledges that no tax deductions may be sought in connection with the payment of the fine. 

 8. As a result of the Defendant’s conduct as set forth in the Statement of Facts, attached
as Exhibit 3 hereto, the parties agree the Department could institute a civil and/or criminal forfeiture action against certain funds held by the Defendant and that such funds would be forfeitable pursuant to Title 18, United States Code, Section
981 and Title 28, United States Code, Section 2461. The Defendant hereby acknowledges that at least $ 14,000,000 was involved in transactions described in Exhibit 3 in violation of Title 15, United States Code, Section 78dd-2 and Title 18, United
States Code, Section 2. The Defendant hereby agrees to administratively forfeit to the United States the sum of $14,000,000 (the “Forfeiture Amount”). The Defendant and Alcoa hereby agree that, in the event the funds used to pay the
Forfeiture Amount are not directly traceable to the transactions, the monies used to pay the Forfeiture Amount shall be considered substitute res for the purpose of forfeiture to the United States pursuant to Title 18, United States Code,
Section 981, and the Defendant and Alcoa release any and all right, title, interest, and claims they may have to such funds. To accomplish this administrative forfeiture, the Defendant agrees to pay the Forfeiture Amount plus any associated transfer
fees within ten (10) business days of the date of entry of the judgment of conviction following the Defendant’s sentencing by check or wire transfer made payable to the United States Internal Revenue Service-Criminal Investigation. The
Defendant and Alcoa agree to sign any additional documents necessary to complete forfeiture of the funds. The Defendant and Alcoa take no position as to the disposition of the funds after payment and waive any statutory or procedural notice
requirements with respect to the United States’ disposition of the funds. The Defendant and Alcoa knowingly and voluntarily waive any claim or defense they may have under the Eighth Amendment of the United States Constitution, including any
claim of excessive fine or penalty with respect to the forfeited assets. In the event of a breach of this Agreement, the Defendant and Alcoa acknowledge that the United States may pursue additional civil and criminal forfeiture in excess of the
Forfeiture Amount. 

 9. The Defendant agrees to abide by all terms and obligations of this Agreement as described
herein, including, but not limited to, the following: 
 a. to plead guilty as set forth in this Agreement; 

b. to abide by all sentencing stipulations contained in this Agreement; 

c. to appear, through its duly appointed representatives, as ordered for all court appearances, and obey any other ongoing court order in this
matter; 
 d. to commit no further crimes; 

e. to be truthful at all times with the Court; 

f. to pay the applicable fine and special assessment; and 

g. to continue to participate in and abide by the Corporate Compliance Program established by Alcoa, which Alcoa has separately agreed to
continue to implement and maintain, attached as Exhibit 4. 
 10. The Defendant agrees to continue to cooperate fully with the Department,
the Internal Revenue Service-Criminal Investigations Division (the “IRS”), the Federal Bureau of Investigation (the “FBI”), and the U.S. Securities and Exchange Commission (the “SEC”) in a manner consistent with
applicable law and regulations, in any and all matters relating to the conduct described in this Agreement and Exhibit 3, and other conduct under investigation by the Department that has commenced before or during the term of this Agreement, until
the date upon which all investigations and prosecutions arising out of such conduct are concluded, whether or not those investigations and prosecutions are concluded within the term of Defendant’s probation in paragraph 35(c). At the request of
the Department, the Defendant shall also cooperate fully with foreign law enforcement authorities and agencies and the Multilateral Development Banks (“MDBs”). Such cooperation shall include, but not be limited to, the following: 

a. The Defendant shall, to the extent consistent with the foregoing, truthfully disclose to the Department all factual information not
protected by a valid claim of attorney-client privilege or work product doctrine protection with respect to the activities of the Defendant, Alcoa and their affiliates, their present and former member representatives, directors, officers, employees,
agents, consultants, contractors, and subcontractors, concerning all matters relating to corrupt payments to foreign public officials or to employees of private customers or concerning related internal controls or books and records violations about
which the Defendant or Alcoa have any knowledge and about which the Department, the FBI, the IRS, the SEC, or, at the request of the Department, any foreign law enforcement authorities and agencies and MDBs, shall inquire; 

 b. The Defendant shall provide to the Department, upon request, any nonprivileged or
non-protected document, record, or other tangible evidence relating to such corrupt payments to foreign public officials or to employees of private customers about which the aforementioned authorities and agencies shall inquire of the Defendant,
subject to the direction of the Department; and 
 c. The Defendant shall ensure that the Department is given access to all current, and to
the extent possible, former member representatives, officers, employees, agents, and consultants of the Defendant and Alcoa for interviews and testimony in the United States relating to such payments. 

11. The Defendant agrees that if it or any of its direct or indirect affiliates or subsidiaries issues a press release or holds a press
conference in connection with this Agreement, 

 
the Defendant shall first consult with the Department to determine whether (a) the text of the release or proposed statements at any press conference are true and accurate with respect to
matters between the Department and the Defendant and Alcoa; and (b) the Department has no objection to the release or statement. Statements at any press conference concerning this matter shall be consistent with this press release. 

Alcoa’s Agreement 

12. In exchange for the United States’ agreement in paragraph 20, Alcoa agrees that it and its subsidiaries, divisions, groups and
affiliates will fulfill the commitments and be bound to the terms outlined in paragraphs 8, 9(g), and 13 to 19 of this Agreement and in Exhibits 2 and 4 attached hereto. 

13. Alcoa agrees to guarantee, secure and ensure delivery by the Defendant of all payments due from the Defendant under the Agreement;
provided, however, that such guarantee shall be expressly conditioned upon the Court’s acceptance of the Agreement and entry of a judgment consistent with all provisions of the Agreement. Alcoa acknowledges that no tax deductions may be sought
in connection with the payment of the fine. 
 14. Alcoa agrees not to institute or participate in any proceeding to interfere with, alter,
or bar enforcement of any fine, penalty, special assessment or forfeiture order imposed on the Defendant pursuant to this Agreement pursuant to the automatic stay or other provision of the United States Bankruptcy Code. 

15. Except as may otherwise be agreed by the parties hereto in connection with a particular transaction, Alcoa agrees that if, at any time
while Alcoa still has obligations and commitments to the United States as set forth in this Agreement, Alcoa sells, merges, or transfers all or substantially all of its business operations as they exist as of the date of this Agreement,

 
whether such sale(s) is/are structured as a stock or asset sale, merger, or transfer, Alcoa shall include in any contract for sale, merger, or transfer a provision fully binding the purchaser(s)
or any successor(s) in interest thereto to the guarantees and obligations described in this Agreement. 
 16. Alcoa agrees that it and its
subsidiaries, divisions, groups and affiliates shall continue to cooperate fully on matters and in a manner substantially similar to the cooperation required of the Defendant in paragraphs 10(a)-(c) with the Department, the IRS, the FBI, and
the SEC. Such cooperation shall be in a manner consistent with applicable law and regulations. This includes cooperating fully in any investigation of Alcoa and its subsidiaries, divisions, groups and affiliates, and any of its present and former
officers, directors, employees, agents and consultants, or any other party, in any and all matters relating to this Agreement and Exhibit 3. 

17. Alcoa agrees that if it or any of its direct or indirect affiliates or subsidiaries issues a press release or holds a press conference in
connection with this Agreement, Alcoa shall first consult with the Department to determine whether (a) the text of the release or proposed statements at any press conference are true and accurate with respect to matters between the Department
and the Defendant and Alcoa; and (b) the Department has no objection to the release or statement. Statements at any press conference concerning this matter shall be consistent with this press release. 

18. Other than as may be necessary with respect to defense of civil litigation or arbitration relating to this matter, Alcoa waives all
rights, whether asserted directly or by a representative, to request or receive from any department or agency of the United States any records pertaining to the investigation or prosecution of this case, including without limitation any records that
may be sought under the Freedom of Information Act, Title 5, United States Code, Section 552, or the Privacy Act, Title 5, United States Code, Section 552a. 

 19. Alcoa waives all defenses based on the statute of limitations, venue, speedy trial under the
United States Constitution and the Speedy Trial Act, and any and all constitutional and non-jurisdictional defenses with respect to any prosecution of Alcoa that is not time-barred on the date that this Agreement is signed related to or arising from
the conduct charged in the Information to be filed against the Defendant, in the event that Alcoa fails to fulfill its commitments as set forth in this Agreement for any reason, provided such prosecution is brought within one year of such breach or
failure plus the remaining time period of the statute of limitations as of the date that this Agreement is signed. 
 The United
States’ Agreement 
 20. In exchange for the guilty plea of the Defendant and the complete fulfillment of all of the
Defendant’s and Alcoa’s obligations as set forth in this Agreement, the Department agrees that it will not file additional criminal charges against the Defendant or Alcoa, or any of their direct or indirect affiliates or subsidiaries,
relating to (a) any of the conduct described in the Statement of Facts, attached as Exhibit 3, or the criminal information filed pursuant to this Agreement or (b) information disclosed by the Defendant or Alcoa to the Department prior to the date of
this Agreement. This paragraph does not provide any protection against prosecution for any corrupt payments, false accounting, or failure to implement internal controls or circumvention of internal controls, if any, made in the future by the
Defendant or Alcoa. This Agreement does not close or preclude the investigation or prosecution of any natural persons, including any officers, directors, member representatives, employees, agents, or consultants of the Defendant or Alcoa, who may
have been involved in any of the matters set forth in the Information, Statement of Facts, or in any other matters. 

 Factual Basis 

21. The Defendant is pleading guilty because it is guilty of the charge contained in the Information. The Defendant admits, agrees, and
stipulates only that the factual allegations with respect to its conduct as set forth in the Statement of Facts, attached hereto as Exhibit 3 and incorporated herein, are true and correct, that it is responsible for the acts of its officers and
employees described in the Statement of Facts, and that the Statement of Facts accurately reflects the Defendant’s criminal conduct. 

Defendant’s Waiver of Rights, Including the Right to Appeal 

22. Federal Rule of Criminal Procedure 11(f) and Federal Rule of Evidence 410 limit the admissibility of statements made in the course of plea
proceedings or plea discussions in both civil and criminal proceedings, if the guilty plea is later withdrawn. The Defendant expressly warrants that it has discussed these rules with its counsel and understands them. Solely to the extent set forth
below, the Defendant voluntarily waives and gives up the rights enumerated in Federal Rule of Criminal Procedure 11(f) and Federal Rule of Evidence 410. Specifically, the Defendant understands and agrees that any statements that it makes in the
course of its guilty plea or in connection with the Agreement are admissible against it for any purpose in any U.S. federal criminal proceeding if, even though the Department has fulfilled all of its obligations under this Agreement and the Court
has imposed the agreed-upon sentence, the Defendant nevertheless withdraws its guilty plea. 
 23. The Defendant is satisfied that the
Defendant’s attorneys have rendered effective assistance. The Defendant understands that by entering into this Agreement, the Defendant surrenders certain rights as provided in this Agreement. The Defendant understands that the rights of
criminal defendants include the following: 
 a. If the Defendant had persisted in a plea of not guilty to the charges, the Defendant would
have the right to a speedy jury trial with the assistance of counsel. The trial may be conducted by a judge sitting without a jury if the Defendant, the United States, and the Court all agree. 

 b. At a trial, the United States would be required to present its witnesses and other evidence
against the Defendant. The Defendant would be able to confront and cross-examine adverse witnesses. In turn, the Defendant could, but would not be required to, present witnesses and other evidence on its own behalf. If the witnesses for the
Defendant would not appear voluntarily, the Defendant could require their attendance through the subpoena power of the Court. 
 c. At a
trial, no inference of guilt could be drawn from the Defendant’s refusal to present evidence. However, if the Defendant desired to, do so, it could present evidence on its own behalf. 

24. The Defendant also understands that Title 18, United States Code, Section 3742, affords a defendant the right to appeal the sentence
imposed. Nonetheless, the Defendant knowingly waives the right to appeal the conviction and sentence imposed by the Court, provided that such sentence is consistent with the terms of this Agreement, in exchange for the concessions made by the United
States in this Agreement. This Agreement does not affect the rights or obligations of the United States as set forth in Title 18, United States Code, Section 3742(b). 

25. The Defendant is also aware that the United States Constitution and the laws of the United States afford the Defendant the right to
contest or “collaterally attack” its conviction or sentence after the conviction has become final. Knowing that, the Defendant knowingly 

 
waives the right to contest or “collaterally attack” the Defendant’s plea, conviction, and sentence, provided that such sentence is consistent with the terms of this Agreement, by
means of any post-conviction proceeding. 
 26. Other than as may be necessary with respect to defense of civil litigation or arbitration
relating to this matter, the Defendant also hereby waives all rights, whether asserted directly or by a representative, to request or receive from any department or agency of the United States any records pertaining to the investigation or
prosecution of this case, including without limitation any records that may be sought under the Freedom of Information Act, Title 5, United States Code, Section 552, or the Privacy Act, Title 5, United States Code, Section 552a. 

27. The Defendant waives all defenses based on the statute of limitations and venue with respect to any prosecution that is not time-barred on
the date that this Agreement is signed in the event that: (a) the conviction is later vacated for any reason; (b) the Defendant or Alcoa violates this Agreement; or (c) the plea is later withdrawn, provided such prosecution is brought
within one year of any such vacation of conviction, violation of agreement, or withdrawal of plea plus the remaining time period of the statute of limitations as of the date that this Agreement is signed. The Department is free to take any position
on appeal or any other post-judgment matter. 
 28. The Defendant waives all defenses to its conduct charged in the Information based on
venue, speedy trial under the Unites States Constitution and the Speedy Trial Act, and any and all constitutional and non-jurisdictional defects. 

29. The Defendant acknowledges that no threats have been made against the Defendant and that the Defendant is pleading guilty freely and
voluntarily because the Defendant is guilty. 

 Penalty 

30. The statutory maximum sentence that the Court can impose for a violation of Title 15, United States Code, Section 78dd-2, is a fine
of $2,000,000 or twice the gross pecuniary gain or gross pecuniary loss resulting from the offense, whichever is greatest, Title 18, United States Code, Section 3571(c)(3) and (d); five years’ probation, Title 18, United States Code,
Section 3561(c)(1); and a mandatory special assessment of $400, Title 18, United States Code, Section 3013(a)(2)(B). 
 31. The
Defendant hereby stipulates and agrees not to institute or participate in any proceeding to interfere with, alter, or bar enforcement of any fine, penalty, special assessment or forfeiture order pursuant to the automatic stay or other provision of
the United States Bankruptcy Code. 
 32. The Defendant agrees that nothing in this Agreement is intended to release the Defendant from any
and all of the Defendant’s excise and income tax liabilities and reporting obligations for any and all income not properly reported and/or legally or illegally obtained or derived. 

Sentencing Recommendation 

33. The United States and the Defendant agree that pursuant to United States v. Booker, 543 U.S. 220 (2005), the Court must determine
an advisory sentencing guideline range pursuant to the United States Sentencing Guidelines. The Court will then determine a reasonable sentence within the statutory range after considering the advisory sentencing guideline range and the factors
listed in Title 18, United States Code, Section 3553(a). The parties’ agreement herein to any guideline sentencing factors constitutes proof of those factors sufficient to satisfy the applicable burden of proof. 

 34. The United States and the Defendant agree that a faithful application of the United States
Sentencing Guidelines (U.S.S.G.) to determine the applicable fine range yields the following analysis: 
  

	 	a.	The 2012 U.S.S.G. are applicable to this matter. 

  

	 	b.	Offense Level. Based upon U.S.S.G. § 2C1.1, the total offense level is 48, calculated as follows: 

  

							
	 (a)(2)
	  	 Base Offense Level
	  	 	12	  
			
	 (b)(1)
	  	 Multiple Bribes
	  	 	+2	  
			
	 (b)(2)
	  	 Value of benefit received
	  			
		  	 More than $400,000,000
	  	 	+30	  
			
	 (b)(3)
	  	 Offense involved a high-level decision-making public official
	  	 	+4	  
		  		  	  
	  
	 
		
	 TOTAL
	  	 	48	  

  

	 	c.	Base Fine. Based upon U.S.S.G. § 8C2.4(a)(1) and § 2C1.1(d), the base fine is $446,000,000 (the pecuniary gain from the offense) 

 

	 	d.	Culpability Score. Based upon U.S.S.G. § 8C2.5, the culpability score is 5, calculated as follows: 

  

							
	 (a)
	  	 Base Culpability Score
	  	 	5	  
			
	 (b)(4)
	  	the organization had 50 or more employees and an individual within substantial authority personnel participated in, condoned, or was willfully ignorant of the offense	  	 	+2	  
			
	 (g)(1)
	  	The organization fully cooperated in the investigation and clearly demonstrated recognition and affirmative acceptance of responsibility for its criminal conduct	  	 	-2	  
		  		  	  
	  
	 
	 TOTAL
	  	 	5	  

 Calculation of Fine Range: 

 

			
	 Base Fine
	  	$446,000,000
		
	 Multipliers
	  	1.0 (min)/2.0 (max)
		
	 Fine Range
	  	$446,000,000 / $892,000,000

 35. Pursuant to Rule 11(c)(1)(C) of the Federal Rules of Criminal Procedure, the United States and the
Defendant agree that the following represents the appropriate disposition of the case: 
 a. Fine. Pursuant to Fed. R. Crim. P.
11(c)(1)(C), the United States and the Defendant agree that the appropriate disposition of this case is, and agree to recommend jointly, that the Court impose a sentence requiring the Defendant to pay to the United States a criminal fine of
$209,000,000. Because the immediate payment of the entire fine “would pose an undue burden on” the Defendant and Alcoa, U.S.S.G. § 8C3.2(b), the United States and the Defendant agree that the entire fine shall be paid in five equal
annual installments of $41,800,000, with the first payment due in full on or before the tenth (10th) business day after the date of the entry of the judgment of conviction. Thereafter, the second, third, fourth and fifth payments shall each be due
in full, respectively, on the first, second, third, and fourth-year anniversaries of the date of the entry of judgment of conviction (“the recommended sentence”). The United States and the Defendant have agreed that a fine of $209,000,000
is the appropriate disposition based on the following factors and those in 18 U.S.C. § 3553(a): (a) the impact of a penalty within the guidelines range on the financial condition of the Defendant’s majority shareholder, Alcoa, and its
potential to “substantially jeopardiz[e]” Alcoa’s ability to compete, see U.S.S.G. § 8C3.3(b), including, but not limited to, its ability to fund its sustaining and improving capital expenditures,

 
its ability to invest in research and development, its ability to fund its pension obligations, and its ability to maintain necessary cash reserves to fund its operations and meet its
liabilities; (b) the significant remedy being imposed on the Defendant’s majority shareholder, Alcoa, by the U.S. Securities and Exchange Commission for Alcoa’s conduct in this matter; (c) after learning of the allegations of
FCPA violations, Alcoa’s Board of Directors appointed a Special Committee of the Board of Directors to oversee an internal investigation by independent counsel; (d) the substantial cooperation provided to the Department by the
Defendant’s majority shareholder, Alcoa, including conducting an extensive internal investigation, voluntarily making employees available for interviews, and collecting, analyzing, and organizing voluminous evidence and information for the
Department; (e) the remedial efforts already undertaken and to be undertaken by the Defendant’s majority shareholder, Alcoa, which affect both the Defendant’s operations and those of Alcoa, including the hiring of new senior legal and
ethics and compliance officers and the implementation of enhanced due diligence reviews of the retention of third-party agents and consultants; and (f) Alcoa’s separate commitment to ensuring that its anti-corruption compliance program
will be maintained to continue to satisfy the minimum elements set forth in Exhibit 4 to this Agreement. 
 b. Mandatory Special
Assessment. The Defendant shall pay to the Clerk of the Court for the United States District Court for the Western District of Pennsylvania within ten (10) business days of the date of the entry of the judgment of conviction the mandatory
special assessment of $400. 
 c. A Term of Four Years Probation. A four-year term of probation shall be imposed on the Defendant.
The term of probation shall include the following mandatory and discretionary special conditions, pursuant to 18 U.S.C. § 3563(a) and (b): (i) The Defendant 

 
shall not commit another federal, state or local crime; (ii) the Defendant shall provide the probation officer with any information or documents requested by the probation officer;
(iii) the Defendant shall notify the Court of any material change in the Defendant’s economic circumstances that might affect the Defendant’s ability to pay the fines and other financial obligations set forth herein; and (iv) the
Defendant shall pay the criminal fine set forth in paragraph 35(a) above. 
 d. Court Not Bound. This Agreement is presented to the
Court pursuant to Fed. R. Crim. P. 11(c)(1)(C). The Defendant understands that, if the Court rejects this Agreement, the Court must: (a) inform the parties that the Court rejects the Agreement; (b) advise the Defendant’s counsel that
the Court is not required to follow the Agreement and afford the Defendant the opportunity to withdraw its plea; and (c) advise the Defendant that if the plea is not withdrawn, the Court may dispose of this case less favorably toward the
Defendant than the Agreement contemplated. If the Court rejects this Agreement pursuant to Fed. R. Crim. P. 11(c)(5), the United States and the Defendant agree that the Defendant will be allowed to withdraw its plea, and that neither the Defendant
nor the United States shall be bound by the provisions of this Agreement. If the Defendant withdraws its plea of guilty under the circumstances described in the immediately preceding sentence, this Agreement, the guilty plea, and any statement made
in the course of any proceeding under Fed. R. Crim. P. 11 regarding the guilty plea or this Agreement, or made in the course of plea discussions with an attorney for the United States, shall not be admissible against the Defendant in any criminal or
civil proceeding. The Defendant, however, also understands that if the Court accepts this Agreement, the Court is bound by the sentencing provisions in paragraphs 35(a), (b) and (c). 

 36. The parties further agree, with the permission of the Court, to waive the requirement of a
pre-sentence investigation report pursuant to Federal Rule of Criminal Procedure 32(c)(l)(A)(ii), based on a finding by the Court that the record contains information sufficient to enable the Court to meaningfully exercise its sentencing power. The
parties agree, however, that in the event the Court orders the preparation of a pre-sentence investigation report prior to sentencing, such order will not affect the Agreement set forth herein. In the event the Court so orders, the Department will
fully inform the preparer of the pre-sentence report and the Court of the facts and law related to the Defendant’s case. 
 37. The
parties further agree to ask the Court’s permission to combine the entry of the plea and sentencing into one proceeding, and to conduct the plea and sentencing hearings of the Defendant in one proceeding. The parties agree, however, that in the
event the Court orders that the entry of the guilty plea and sentencing hearing occur at separate proceedings, such an order will not affect the Agreement set forth herein. 

Breach of Agreement 

38. The Defendant agrees that if it breaches the terms of this Agreement, commits any federal crime subsequent to the date of this Agreement,
or has provided or provides deliberately false, incomplete, or misleading information in connection with this Agreement, the Department may, in its sole discretion, characterize such conduct as a breach of this Agreement. In the event of such a
breach, (a) the Department will be free from its obligations under the Agreement and may take whatever position it believes appropriate as to the sentence; (b) the Defendant will not have the right to withdraw the guilty plea; (c) the Defendant
shall be fully subject to criminal prosecution for any other crimes that it has committed, if any, including perjury and obstruction of justice; and (d) the Department will be free to use against the Defendant, directly and indirectly, in any
criminal or civil proceeding any of the information or materials provided by the Defendant and Alcoa pursuant to this Agreement, as well as the admitted Statement of Facts. 

 39. In the event of a breach of this Agreement by the Defendant, if the Department elects to
pursue criminal charges or any civil or administrative action that was not filed as a result of this Agreement, then: 
 a. The Defendant
agrees that any applicable statute of limitations is tolled between the date of the Defendant’s signing of this Agreement and the discovery by the Department of any breach by the Defendant, plus one year; and 

b. The Defendant gives up all defenses based on the statute of limitations relating to the facts and conduct described in the Statement of
Facts and the criminal information to be filed against the Defendant pursuant to this Agreement, any claim of pre-indictment delay, or any speedy trial claim with respect to any such prosecution or action, except to the extent that such defenses
existed as of the date of the signing of this Agreement. 

 Complete Agreement 

40. This document states the full extent of the agreement between the parties. There are no other promises or agreements, express or implied.
Any modification of this Agreement shall be valid only if set forth in writing in a supplemental or revised plea agreement signed by all parties. 
  

							
	AGREED:	 		 		 	
				
	FOR ALCOA WORLD ALUMINA LLC:	 		 		 	
				
	Date: January 8, 2014	 		 	By:	 	 /s/ Jeffrey D. Heeter

		 		 		 	Jeffrey D. Heeter
		 		 		 	Secretary
				
	Date: January 6, 2014	 		 	By:	 	 /s/ Robert J. Jossen

		 		 		 	DECHERT LLP
		 		 		 	By: Robert J. Jossen
		 		 		 	NY ID No. 1393719
		 		 		 	Jonathan R. Streeter
		 		 		 	NY ID No. 5034186
		 		 		 	Counsel for
		 		 		 	Alcoa World Alumina LLC

  

									
	FOR THE DEPARTMENT OF JUSTICE:	 	
					
		 	JEFFREY H. KNOX	 		 		 	
		 	Chief, Fraud Section	 		 		 	
		 	Criminal Division, Department of Justice	 		 		 	
					
	By:	 	 /s/ Adam G. Safwat
	 		 	By:	 	 /s/ DAVID J. HICKTON

		 	Adam G. Safwat	 		 		 	DAVID J. HICKTON
		 	Deputy Chief, Fraud Section	 		 		 	United States Attorney
		 	NY ID No. 2657567	 		 		 	PA ID No. 34524
		 	Andrew N. Gentin	 		 		 	
		 	DC ID No. 459889	 		 		 	
		 	Allan J. Medina	 		 		 	
		 	Andrew H. Warren	 		 		 	
		 	Trial Attorneys, Fraud Section	 		 	Date:	 	January 7, 2014

 OFFICER’S CERTIFICATE 

I have read this Agreement and carefully reviewed every part of it with outside counsel for Alcoa World Alumina LLC (the
“Defendant”). I understand the terms of this Agreement and voluntarily agree, on behalf of the Defendant, to each of its terms. Before signing this Agreement, I consulted outside counsel for the Defendant. Counsel fully advised me of the
rights of the Defendant, of possible defenses, of the Sentencing Guidelines’ provisions, and of the consequences of entering into this Agreement. 

I have carefully reviewed the terms of this Agreement with the Board of Member Representatives of the Defendant. I have advised and caused
outside counsel for the Defendant to advise the Board of Member Representatives fully of the rights of the Defendant, of possible defenses, of the Sentencing Guidelines’ provisions, and of the consequences of entering into the Agreement. 

I have read this Statement of Facts and carefully reviewed every part of it with outside counsel for the Defendant. I voluntarily agree, on
behalf of the Defendant, that the Statement of Facts, to the extent involving the conduct of the Defendant, is true and accurate. 
 No
promises or inducements have been made other than those contained in this Agreement. Furthermore, no one has threatened or forced me, or to my knowledge any person authorizing this Agreement on behalf of the Defendant, in any way to enter into this
Agreement. 

 I am also satisfied with outside counsel’s representation in this matter. I certify that I
am Secretary of Alcoa World Alumina LLC and that I have been duly authorized by the Defendant to execute this Agreement on behalf of the Defendant. 
 Date:
January 8, 2014 
  

			
		 	ALCOA WORLD ALUMINA LLC
		
	By:	 	 /s/ Jeffrey D. Heeter

		 	Jeffrey D. Heeter
		 	Secretary

 CERTIFICATE OF COUNSEL 

We are counsel for Alcoa World Alumina LLC (the “Defendant”) in the matter covered by this Agreement. In connection with such
representation, we have examined the relevant documents and have discussed the terms of this Agreement with the Defendant’s Board of Member Representatives. Based on our review of the foregoing materials and discussions, we are of the opinion
that the representative of the Defendant signing this Agreement has been duly authorized to enter into this Agreement on behalf of the Defendant and that this Agreement has been duly and validly authorized, executed, and delivered on behalf of the
Defendant and is a valid and binding obligation of the Defendant. Further, we have carefully reviewed the terms of this Agreement with the Board of Member Representatives and the Legal Counsel and Company Secretary of Alcoa World Alumina LLC. We
have fully advised them of the rights of the Defendant, of possible defenses, of the Sentencing Guidelines’ provisions and of the consequences of entering into this Agreement. 

We have carefully reviewed the above Statement of Facts with our client. To our knowledge, the decision of the Defendant to stipulate to these
facts, to the extent involving the conduct of the Defendant, based on the authorization of the Board of Member Representatives, is an informed and voluntary one. 

To our knowledge, the decision of the Defendant to enter into this Agreement, based on the authorization of the Board of Member
Representatives, is an informed and voluntary one. 
 Date: January 6, 2014 

 

			
	By:	 	 /s/ Robert J. Jossen

		 	DECHERT LLP
		 	By: Robert J. Jossen
		 	Jonathan R. Streeter
		 	Counsel for Alcoa World Alumina LLC

 EXHIBIT 1 

CERTIFICATE OF CORPORATE RESOLUTIONS OF 

ALCOA WORLD ALUMINA LLC 

A copy of the executed Certificate of Corporate Resolutions of Alcoa World Alumina LLC is annexed hereto as Exhibit 1. 

 ALCOA WORLD ALUMINA LLC 

CERTIFICATE OF CORPORATE RESOLUTIONS 

I, Jeffrey D. Heeter, do hereby certify that I am the Secretary of Alcoa World Alumina LLC (the “Company”), a majority-owned
subsidiary of Alcoa Inc. formed under the laws of the State of Delaware and maintaining its principal place of business in Pittsburgh, Pennsylvania, and that the following is an accurate excerpt of certain resolutions adopted by the Board of Member
Representatives of the Company at a meeting held on December 9, 2013, at which a quorum was present: 
 WHEREAS,
the Board of Member Representatives of the Company has been informed by its counsel of a proposed settlement with the United States Department of Justice (“DOJ”) in relation to certain matters which have been under investigation by DOJ
(the “Proposed Settlement”), and the key terms of the Proposed Settlement have been reviewed with the members of the Board; 

WHEREAS, the Proposed Settlement contemplates: 

(1) The Company pleading guilty to one count of violating the anti-bribery provisions of the Foreign Corrupt Practices Act of
1977, as amended, pursuant to a plea agreement with the DOJ (the “Plea Agreement”); 
 (2) the government and the
Company agreeing to recommend to the Court a fine of $209,000,000 payable in five equal annual installments of $41,800,000, as appropriate under the circumstances; and the Company agreeing to pay to the United States an administrative,
non-refundable forfeiture amount of $14,000,000; 
 (3) the Court retaining the ability to accept or reject the terms of the
Plea Agreement under Fed. R. Crim. P. 11(c)(1)(C); 
 (4) imposition on the Company of certain commitments set out in the
Plea Agreement; 
 (5) the Company agreeing to include in any agreement for the sale, merger or transfer of all or
substantially all of its business operations as they exist on the date of the Plea Agreement the requirement that the successor or purchaser company abide by the commitments set out in clauses (2) and (4) above; and 

(6) The Company agreeing to (a) a knowing waiver of its rights to a speedy trial pursuant to the Sixth Amendment to the
United States Constitution, Title 18, United States Code, Section 3161, and Federal Rule of Criminal Procedure 48(b); (b). a knowing waiver for purposes of the Plea Agreement and any charges by the United States arising out of the conduct described
in the Statement of Facts attached to the Plea Agreement or the criminal Information any objection with respect to venue, and consents to the entry of a guilty plea, as provided pursuant to the terms of the Plea Agreement, in the United States
District Court for the Western District of Pennsylvania; and (c) a knowing waiver of any defenses based on the statute of limitations for any prosecution relating to the conduct described in the Statement of Facts, criminal Information, or relating

 
to conduct known to the DOJ prior to the date on which the Plea Agreement was signed that is not time-barred by the applicable statute of limitations on the date of the signing of the Plea
Agreement. 
 NOW, THEREFORE, BE IT: 

RESOLVED, that the Board of Member Representatives of the Company, after thorough consideration of all relevant issues,
including considering the costs and benefits of settlement, and considering the advice and conclusions of outside legal counsel and management, deems it advisable and in the best interests of the Company and its relevant constituencies for the Board
of Member Representatives to approve the key terms of the Proposed Settlement that have been reviewed with the Board at this meeting, and such key terms of the Proposed Settlement be and they hereby are approved substantially as presented at this
meeting; and 
 FURTHER RESOLVED, that the proper officers and Member Representatives of the Company, and counsel for
the Company, are each hereby authorized and directed to execute and deliver all agreements, instruments and documents, and to take such other and further actions which in the opinion of any of them may be necessary or desirable to achieve the
purposes of or to consummate the Proposed Settlement and the resolution of the investigation of past payments and practices referenced in the Plea Agreement, including appearing before the United States District Court for the Western District of
Pennsylvania to enter a plea of guilty on behalf of the Company and accept the sentence of the Court, the taking of any such action or the execution and delivery of any such agreements, instruments or documents to be conclusive evidence of the
authority to take, execute or deliver the same. 
 I further certify that the aforesaid resolutions have not been amended or revoked in any
respect and remain in full force and effect on the date of this certification. 
 IN WITNESS WHEREOF, I have executed this
Certificate on January 8, 2014. 
  

	
	 /s/ Jeffrey D. Heeter

	Jeffrey D. Heeter
	Secretary
	Alcoa World Alumina LLC

 Signed before me this 8th day of January, 2014. 

 

					
	Notary Public in and for the Commonwealth of Pennsylvania	 		 	
	  
 /s/ Jennifer W. Meares
	 		 	

		 		 

 EXHIBIT 2 

CERTIFICATE OF CORPORATE RESOLUTIONS OF 

ALCOA INC. 
 A copy
of the executed Certificate of Corporate Resolutions of Alcoa Inc. is annexed hereto as Exhibit 2. 

 ALCOA INC. 

CERTIFICATE OF CORPORATE RESOLUTIONS 

I, Brenda A. Hart, do hereby certify that I am an Assistant Secretary of Alcoa Inc. (the “Company”), a company incorporated under
the laws of the Commonwealth of Pennsylvania, and that the following is an accurate excerpt of certain resolutions adopted by the Board of Directors of the Company at a meeting held on December 6, 2013, at which a quorum was present: 

WHEREAS, the Board of Directors of the Company has been informed by its counsel of a proposed settlement with the United
States Department of Justice (“DOJ”) in relation to certain matters which have been under investigation by DOJ (the “Proposed Settlement”), and the key terms of the Proposed Settlement have been reviewed with the members of the
Board; 
 WHEREAS, the Proposed Settlement contemplates: 

(1) The Company’s majority-owned affiliated entity, Alcoa World Alumina LLC, pleading guilty to one count of violating the
anti-bribery provisions of the Foreign Corrupt Practices Act of 1977, as amended, pursuant to a plea agreement with the DOJ (the “Plea Agreement”); 

(2) the government and Alcoa World Alumina LLC agreeing to recommend to the Court a fine of $209,000,000, payable in five equal
annual installments of $41,800,000 by Alcoa World Alumina LLC as appropriate under the circumstances; and Alcoa World Alumina LLC agreeing to pay to the United States an administrative, non-refundable forfeiture amount of $14,000,000; 

(3) the Court retaining the ability to accept or reject the terms of the Plea Agreement under Fed. R. Crim. P. 11(c)(1)(C);

 (4) imposition of certain commitments set out in the Plea Agreement on the Company and on Alcoa World Alumina LLC,
including the Company’s guarantee to the United States of the payment by Alcoa World Alumina LLC of the above-referenced fine and forfeiture amount to be imposed on Alcoa World Alumina LLC under the Plea Agreement and the continued
implementation and maintenance of an anti-corruption compliance program as specified by the Plea Agreement; 
 (5) the
Company agreeing to include in any agreement for the sale, merger or transfer of all or substantially all of its business operations as they exist on the date of the Plea Agreement the requirement that the successor or purchaser company abide by the
commitments set out in clauses (2) and (4) above; and 
 (6) The Company agreeing to (a) a knowing waiver of its
rights to a speedy trial pursuant to the Sixth Amendment to the United States Constitution, Title 18, United States Code, Section 3161, and Federal Rule of Criminal 

 
Procedure 48(b); (b) a knowing waiver for purposes of the Plea Agreement and any charges by the United States arising out of the conduct described in the Statement of Facts attached to the
Plea Agreement or criminal Information any objection with respect to venue in the United States District Court for the Western District of Pennsylvania; and (c) a knowing waiver of any defenses based on the statute of limitations for any
prosecution relating to the conduct described in the Statement of Facts, criminal Information, or relating to conduct known to the DOJ prior to the date on which the Plea Agreement was signed that is not time-barred by the applicable statute of
limitations on the date of the signing of the Plea Agreement. 
 NOW, THEREFORE, BE IT: 

RESOLVED, that the Board of Directors of the Company, after thorough consideration of all relevant issues, including
considering the costs and benefits of settlement, and considering the advice and conclusions of outside legal counsel and management, and upon the recommendation of the Special Committee comprising the Senior Advisors to the Board, deems it
advisable and in the best interests of the Company and its relevant constituencies for the Board of Directors to approve the key terms of the Proposed Settlement that have been reviewed with the Board at this meeting, and such key terms of the
Proposed Settlement be and they hereby are approved substantially as presented at this meeting; and 
 FURTHER
RESOLVED, that the proper officers of the Company and counsel for the Company are each hereby authorized and directed to take such actions as are necessary to effect the Proposed Settlement, including the guarantees of the Company to the United
States, and to execute and deliver all agreements, instruments and documents and to take such other and further actions which in the opinion of any of them may be necessary or desirable to achieve the purposes of or to consummate the Proposed
Settlement and the resolution of the investigation of past payments and practices by Alcoa World Alumina LLC referenced in the Plea Agreement, including appearing before the United States District Court for the Western District of Pennsylvania at
the time the Plea Agreement is accepted by the Court to confirm the Company’s undertakings pursuant to the Plea Agreement, the taking of any such action or the execution and delivery of any such agreements, instruments or documents to be
conclusive evidence of the authority to take, execute or deliver the same. 
 I further certify that the aforesaid resolutions have not been
amended or revoked in any respect and remain in full force and effect on the date of this certification. 
 IN WITNESS WHEREOF, I
have executed this Certificate on January 6th, 2014. 
  

	
	 /s/ Brenda A. Hart

	Brenda A. Hart
	Assistant Secretary
	Alcoa Inc.

	
	 Signed before me this 6th day of January, 2014.

 
 Notary Public in and for the State of New York

	
	 /s/ MARGARET S. LAM

  
 

 

 EXHIBIT 3 

STATEMENT OF FACTS 

 EXHIBIT 3 

STATEMENT OF FACTS 

The following Statement of Facts is incorporated by reference as part of the Plea Agreement (the “Agreement”) between the United
States Department of Justice, Criminal Division, Fraud Section (the “Department”) and the Defendant, ALCOA WORLD ALUMINA LLC. ALCOA WORLD ALUMINA LLC hereby agrees and stipulates that the following information, to the extent it relates to
its actions and the actions of its officers and employees, is true and accurate. ALCOA WORLD ALUMINA LLC does not admit to the conduct of any other entity or person, and references to such conduct are for background purposes only. ALCOA WORLD
ALUMINA LLC admits, accepts, and acknowledges that it is responsible for the acts of its officers or employees, as set forth below. ALCOA WORLD ALUMINA LLC further agrees that it will neither contest the admissibility of, nor contradict, this
Statement of Facts with respect to its actions or the actions of its officers or employees in any prosecution of it arising from a breach of the Agreement. 

If this matter were to proceed to trial, the Department has represented that it would prove beyond a reasonable doubt, by admissible evidence,
the facts alleged below, and that this evidence would establish the following: 
 Relevant Entities and Individuals 

The Defendant 
 1.
Defendant ALCOA WORLD ALUMINA LLC was a Limited Liability Company formed under Delaware law which maintained its principal place of business in Pittsburgh, Pennsylvania, in the Western District of Pennsylvania. ALCOA WORLD ALUMINA LLC owned
and operated (either directly or indirectly) bauxite mining and alumina 

  
 1 

 
refining assets in North America, Europe, South America, Africa and the Caribbean. ALCOA WORLD ALUMINA LLC was a “domestic concern” within the meaning of the FCPA, Title 15, United
States Code, Section 78dd-2(a). 
 Relevant Alcoa Entities 

2. Alcoa Inc. (“Alcoa”) was a corporation organized under the laws of the Commonwealth of Pennsylvania. Until 2006,
Alcoa’s principal place of business was in Pittsburgh, Pennsylvania, in the Western District of Pennsylvania. In 2006, Alcoa moved its principal place of business to New York, New York. Alcoa issued and maintained a class of publicly traded
securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934, which were traded on the New York Stock Exchange. Alcoa was therefore an “issuer” within the meaning of the FCPA, Title 15, United States Code,
Section 78dd-l(a). 
 3. Alcoa was a global provider of primary aluminium and fabricated aluminium. Alcoa was also a global provider of
smelter grade alumina, the raw material that is supplied to smelters to produce aluminium. Alcoa refined alumina from bauxite it extracted from its global mining operations. Alcoa operated worldwide through subsidiaries and affiliated entities in
North America, Asia, Australia, Europe, South America, Africa and the Caribbean. 
 4. Alcoa World Alumina and Chemicals
(“AWAC”) was an unincorporated global bauxite mining and alumina refining enterprise formed in 1995 between Alcoa and Alumina Limited (“Alumina”), the majority and minority owners of AWAC, respectively. AWAC conducted its
operations by and through the coordinated activity of several affiliated enterprise companies, with each enterprise company being owned by Alcoa and Alumina in proportion to their respective ownership interests in the AWAC enterprise. In matters of
strategy and policy, the AWAC enterprise companies received direction and counsel from a “Strategic Council” that was chaired by Alcoa. AWAC was a “domestic concern” within the meaning of the FCPA, Title 15, United States Code,
Section 78dd-2(a). 

  
 2 

 5. Defendant ALCOA WORLD ALUMINA LLC was an AWAC enterprise company. Beginning in or around 2000,
executives at ALCOA WORLD ALUMINA LLC’s offices in Pittsburgh and Knoxville, Tennessee, assumed primary responsibility for all of AWAC’s relationships with global alumina customers, including Aluminium Bahrain B.S.C. (“Alba”), a
state-owned and state-controlled aluminium smelter in Bahrain. ALCOA WORLD ALUMINA LLC personnel responsible for these functions reported indirectly to Alcoa personnel in New York. 

6. Alcoa of Australia Limited (“Alcoa of Australia”) was the AWAC enterprise company that owned and operated AWAC’s
bauxite mining and alumina refining assets in Australia. Alcoa of Australia’s principal place of business was in Melbourne, Australia, until 1996, and was thereafter in Perth, Australia. Alcoa of Australia owned and operated mines in Western
Australia that extracted bauxite, which Alcoa of Australia then processed into smelter grade alumina in refineries it owned and operated. Alcoa of Australia sold the smelter grade alumina to aluminium smelters it owned in the state of Victoria,
Australia, as well as to customers and alumina traders around the world. 
 Relevant ALCOA WORLD ALUMINA LLC Individual 

7. Executive A held a senior sales and marketing position at ALCOA WORLD ALUMINA LLC in Pittsburgh, Pennsylvania, starting in or around
2000, when he took over responsibility for the relationship with Alba. 

  
 3 

 The Intermediary and Related Entities 

8. Consultant A was an international middleman who resided in London and was a citizen of Canada, Jordan, and the United Kingdom.
Consultant A had close contacts with certain members of Bahrain’s Royal Family, some of whom were senior officials in the Government of Bahrain. Consultant A met with ALCOA WORLD ALUMINA LLC executives in London, New York, and elsewhere to
discuss matters relating to the alumina supply relationship with Alba. 
 9. Alumet Limited (“Alumet”) was a shell entity
controlled by Consultant A and incorporated in the British Virgin Islands, with its purported places of business in Australia, Guernsey, and Switzerland. Alumet had no legitimate business operations and no history in the alumina business. Alumet
held bank accounts at the Royal Bank of Canada (“RBC”) in Switzerland and the Channel Islands. 
 10. AA Alumina and Chemicals
Ltd. (“AAAC”) was a shell entity controlled by Consultant A and incorporated in the British Virgin Islands, with its purported places of business in Australia, Guernsey, and Switzerland. AAAC had no legitimate business operations and
no history in the alumina business. AAAC held bank accounts at RBC in Switzerland and the Channel Islands. 
 11. Consultant A held an
account at RBC Guernsey in the name of United Legal Engineering Co. (“ULECO”), a shell entity, that contained funds from, among other sources, the purported sales of alumina to Alba by Alumet and AAAC on behalf of Alcoa of
Australia, as explained more fully in the paragraphs alleged below. Consultant A sometimes used a ULECO bank account to wire money directly or indirectly to accounts beneficially owned by officials of the Kingdom of Bahrain. 

  
 4 

 12. Consultant A also maintained a bank account at HSBC in Luxembourg under the name of another
shell company, La Fosca. Consultant A would wire money to Official C through that account from ULECO’s account at RBC Guernsey. 

Relevant Entities and Foreign Officials in Bahrain 

13. Aluminium Bahrain B.S.C. (“Alba”) was an aluminium smelter operating in Bahrain. The state holding company of the Kingdom of
Bahrain, the Mumtalakat, which was controlled by the Ministry of Finance, held 77 percent of the shares of Alba. The Saudi Basic Industries Corporation (“SABIC”), which was majority-owned and controlled by the government of the Kingdom of
Saudi Arabia, held a 20 percent minority stake in Alba, and three percent of Alba’s shares were held by a German investment group. The majority of profits earned by Alba belonged to the Mumtalakat, though part of the profit was permitted to be
used by Alba for its operations. The Ministry of Finance had to approve any change in Alba’s capital structure and had to be consulted on any major capital projects or contracts material to Alba’s operations. Members of the Royal Family of
Bahrain and representatives of the government sat on the Board of Directors of Alba, controlled its Board, and had primary authority in selecting its chief executive officer and chief financial officer. Accordingly, Alba was an “agency”
and “instrumentality” of the Government of Bahrain and Alba’s directors, officers and employees were “foreign officials” within the meaning of the FCPA, Title 15, United Sates Code, Section 78dd-2(h)(2)(A). 

14. Official A was a member of Bahrain’s Royal Family and served as a member of the board of directors of Alba from 1982 to 1997.
From 1988 to 1990, Official A was also a member of Alba’s tender committee, which was responsible in part for awarding major contracts to Alba’s suppliers, such as Alcoa entities supplying alumina to Alba. As an officer of Alba, Official A
was a “foreign official” within the meaning of the FCPA, Title 15, United States Code, Section 78dd-2(h)(2)(A). 

  
 5 

 15. Official B served on Alba’s board from at least 1986 to 2000 as a representative
of SABIC. From 1988 to 1990, Official B also served on Alba’s tender committee with Official A. As an officer of Alba, Official B was a “foreign official” within the meaning of the FCPA, Title 15, United States Code,
Section 78dd-2(h)(2)(A). 
 16. Official C was a senior member of Bahrain’s Royal Family, a senior government official of
Bahrain from at least 1995 to 2005, and served as a high-ranking officer of Alba from 1995 to 2005. As a high-ranking officer of Alba, Official C was extremely influential over the assignment of contracts to Alba’s suppliers. Official C relied
on Consultant A to assist him in opening international bank accounts using various aliases or shell entities for the purpose of receiving corrupt funds from kickbacks from Alba’s suppliers. As an officer of Alba and a senior government
official, Official C was a “foreign official” within the meaning of the FCPA, Title 15, United States Code, Section 78dd-2(h)(2)(A). 

THE CORRUPTION SCHEME IN BAHRAIN 

Background 
 17.
From 1989 to approximately 1996, Alcoa of Australia managed its long term supply relationship with Alba. As part of that relationship, Alcoa of Australia retained Consultant A to assist in long-term contract negotiations with Alba and Bahraini
government officials. By 2000, when ALCOA WORLD ALUMINA LLC assumed direct oversight of the Alba relationship, Consultant A was playing a significant role in the relationship between Alcoa of Australia and Alba. Executive A, who inherited the Alba
oversight relationship as part of his duties at ALCOA WORLD ALUMINA LLC, became the primary liaison with Consultant A regarding the Alba relationship. 

  
 6 

 Overview 

18. In or around 2002, ALCOA WORLD ALUMINA LLC, through Executive A, caused Alcoa of Australia to enter into a purported distributorship for
the sale of approximately one million tons of alumina annually to Alba through Consultant A’s shell companies, Alumet and AAAC. 
 19.
In or around 2004, ALCOA WORLD ALUMINA LLC, through Executive A, coordinated another purported distribution agreement that involved the sale of up to 1.78 million tons of alumina to Alba every year through Alumet and AAAC. This corrupt
arrangement lasted through on or about December 31, 2009. 
 20. As part of the 2002 and 2004 purported distributorship agreements,
Consultant A imposed a mark-up on Alumet’s and AAAC’s purported sales of alumina to Alba and used the mark-up from those sales to enrich himself and pay bribes to senior government officials of Bahrain. ALCOA WORLD ALUMINA LLC, through
Executive A, consciously disregarded the fact that Consultant A would pay bribes to senior government officials from the mark-up on alumina sales to Alba. 

I. ALCOA WORLD ALUMINA LLC, through Executive A, Enlarged 

Consultant A’s Role in the Alumina Supply Relationship 

21. By 2000, Executive A, who was then based in ALCOA WORLD ALUMINA LLC’s offices in Pittsburgh, had assumed direct responsibility for
managing the Alba relationship. 

  
 7 

 22. From April to December 2001, Executive A took a series of steps to cause Alumet and AAAC to
become Alcoa of Australia’s purported distributors for all of its sales of alumina to Alba. 
 23. On or about April 12, 2001,
Executive A wrote to Official C to advise him that “Alcoa wishes” to extend the “present supply contract [with Alba] for three years to December 31, 2004.” 

24. On or around August 15, 2001, after receiving a request from Alba to continue the existing supply arrangements through December 2003,
Executive A facilitated Alba’s entering into an extension of the existing alumina supply arrangement through December 2003. 
 25. On
or about February 14, 2002, Executive A caused Alcoa of Australia to enter into a purported distribution agreement with Alumet and AAAC for the supply of approximately one million tons of alumina intended for sale to Alba. 

26. Executive A knew that Alcoa of Australia would continue to ship alumina directly to Alba. Executive A consciously disregarded the fact
that the purported contractual arrangement he crafted with Consultant A would permit Alumet and/or AAAC to mark-up sales to Alba of alumina from Alcoa of Australia. In or around February 2002, Alcoa of Australia ceased to invoice Alba directly for
shipments of alumina. 
 The Mark-Up and Commission Payments From 2002 Through 2004 

27. From 2002 to 2004, Executive A, acting on behalf of ALCOA WORLD ALUMINA LLC, caused AAAC to receive in excess of $79 million in mark-ups
on alumina sales to Alba. 
 28. AAAC also received a commission under the terms of the 2002 distribution agreement. The purported 2002
distribution agreement provided for a commission of 0.125% of all payments made by AAAC to Alcoa of Australia for alumina. From 2002 to 2004, Alcoa of Australia paid AAAC a commission of $493,509. 

  
 8 

 Consultant A Channeled Corrupt Payments to Government Officials 

From 2002 through 2004 

29. From 2002 through 2004, Consultant A made corrupt payments to Officials B and C from bank accounts at RBC in Guernsey held in the name of
Alumet and ULECO. 
 II. Executive A Retained Consultant A For 

Joint Venture Negotiations between Alcoa and Alba 

30. In 2002, Alcoa was attempting to negotiate a joint venture with Alba, in which Alcoa would supply Alba with alumina from the AWAC
system’s smelters, and, in exchange, Alba would supply Alcoa with aluminium. Executive A participated in the negotiations for Alcoa and retained Consultant A to privately lobby Official C on behalf of Alcoa’s position. On or about
April 27, 2002, Executive A caused Alcoa to enter a consulting agreement with Consultant A pursuant to which Consultant A would receive an $8 million “success fee” based on limited specified negotiation “advice and assistance to
Alcoa” if the joint venture were successful. 
 31. As part of the negotiations, Executive A proposed a joint venture structure that
contemplated supplying alumina to Alba through a distributor. 
 32. On or about March 26, 2003, an in-house attorney in Alcoa’s legal
department sent an email asking Executive A to explain the role of the distributor. On or about March 27, 2003, Executive A responded that “[t]he Distributorship rol[e] is something the Bahrain Government wants” and that Alcoa
“shouldn’t get too involved with how the Distributor and the Government interact. We are currently selling the alumna we supply to Alba through a Distributor.” In response, the in-house attorney wrote that “we will need to
understand the Distributor’s role completely ... for Foreign Corrupt Practice Act purposes.” 

  
 9 

 33. On September 15, 2003, Alcoa and Alba agreed to a Memorandum of Understanding
(“MOU”) outlining an equity investment by Alcoa in Alba and providing for alumina to be sold to the Government of Bahrain, as majority shareholder of Alba, “directly or through an associated company of Alcoa satisfactory to GoB
[Government of Bahrain] and Alcoa.” The MOU was approved by Official C on behalf of Alba. However, the joint venture negotiations fell through, and Consultant A was never paid the $8 million success fee. 

34. Within 17 days of the signing of the MOU, Consultant A transferred $2 million to Official C’s account at Deutsche Bank in Geneva,
Switzerland, from a ULECO bank account at RBC in Guernsey. 
 III. ALCOA WORLD ALUMINA LLC, Through Executive A, Caused Alcoa of
Australia 
 to Secure a 2005 Long-Term Alumina Supply Deal with Alba 

35. By the summer of 2004, Alcoa of Australia was supplying approximately one million metric tons of alumina annually to Alba, but was
invoicing Alba indirectly through Consultant A’s companies. Alba’s obligations under pre-existing supply arrangements with Alcoa of Australia were set to expire at the end of 2004. 

36. In the summer of 2004, Executive A and one of his supervisors, another senior member of ALCOA WORLD ALUMINA LLC’s global alumina
sales department, sought to secure a new long term alumina supply agreement with Alba. On or around August 5, 2004, Executive A and his supervisor were advised by a former senior Alcoa executive who had a relationship with Consultant A that if
they attempted to negotiate a direct contractual relationship between Alcoa of Australia and Alba, rather than negotiate a supply arrangement through Consultant A and one of his companies, some or all of Alba’s business could be lost to another
alumina supplier. 

  
 10 

 37. On or about August 19, 2004, Executive A and his supervisor met with Consultant A at
Consultant A’s London Office to discuss using Consultant A’s companies “as Alcoa’s exclusive distributor in the region.” 

38. On or about August 22, 2004, Executive A sent an email to his supervisor documenting with more specificity certain items that were
discussed at the meeting. Among them, Executive A noted that “[w]e agreed to supply [Consultant A] with pricing indications for supply to [AAAC] by 8/24 so he can have these for his meeting [in Bahrain] with [Official C]. We mentioned pricing
close to 14%.” Executive A’s email also noted that “[Official C] is holding on to publishing [Alba’s] alumina tender [to the market] until he has further discussions with [Consultant A] on 8/29.” The pricing terms per metric
ton of alumina that Executive A quoted to Consultant A at the meeting in London were less than the pricing terms for Alba that Executive A had quoted to Official C approximately one month earlier. 

39. On or around September 29, 2004, Executive A facilitated AAAC’s tendering a bid to supply Alba up to 1.6 million tons of
alumina for ten years commencing in 2005. 
 40. On or about October 8, 2004, Attorney 1, the in-house attorney responsible for
supporting the alumina business, suggested terminating the consulting agreement that Alcoa had entered with Consultant A, as “the terms of [Consultant A’s] current engagement created a lot of anxiety in the organization.” Executive A
advised that the consultancy agreement should not be terminated until Alcoa had secured a new long-term alumina supply agreement with Alba. 

41. On or about November 1, Official C caused Alba to accept AAAC’s tender offer for a ten-year supply of alumina. 

  
 11 

 42. On or about December 31, 2004, Executive A caused Alcoa of Australia to enter a
purported ten-year distributorship agreement with Alumet and AAAC to purportedly supply them with up to 1.78 million tons of alumina for sale to Alba from 2005 to 2014. From 2005 to 2009, the price term was 13.9% of LME minus $0.25 per ton of
alumina. From 2010 to 2014, the price decreased to 13.5% of LME minus $0.25 per ton of alumina. Executive A consciously disregarded the fact that Alcoa of Australia would continue to supply alumina directly to Alba that was purportedly being
“distributed” through Alumet and AAAC. 
 43. On or about March 4, 2005, a representative of Consultant A sent the CEO of
Alba a final, unexecuted contract for the purported supply agreement between AAAC and Alba. 
 44. On or about June 8, 2005, the final
agreement negotiated between AAAC and Alba was signed by Alba’s CEO on behalf of Alba. The agreement’s effective date was January 1, 2005, and its term was through December 31, 2014. The agreement provided that AAAC would supply Alba
with 1.508 million metric tons of alumina in 2005, and 1.6 million metric tons of alumina thereafter for each remaining contract year. From 2005 to 2009, the price formula in the agreement resulted in an average price to Alba of 14.98% of
LME per metric ton of alumina. From 2010 through 2014, the price formula in the agreement resulted in an average price to Alba of 14.42 % of LME per metric ton of alumina. Alba was required to bear the cost of shipping and insurance. 

Consultant A’s Mark-up on Alumina Sales From 2005 to 2009 

45. As a result of ALCOA WORLD ALUMINA LLC’s conduct, through Executive A, from 2005 through 2009, Alumet and AAAC received in excess of
$188 million on the mark-up of alumina sales to Alba. This money was transferred from the initial accounts in which payment from Alba was received through various bank accounts controlled by Consultant A, including accounts in the name of shell
entities Alumet and ULECO at RBC in Guernsey. 

  
 12 

 Additional Corrupt Payments to Official C 

46. From 2005 through 2006, Consultant A made millions in corrupt payments from the account of ULECO at RBC in Guernsey through the account of
La Fosca in Luxembourg to accounts that were beneficially owned by Official C under client code names at ABN AMRO Bank in Luxembourg and LGT Bank in Liechtenstein. 

47. Under these circumstances, ALCOA WORLD ALUMINA LLC, through Executive A, consciously disregarded the fact that the mark-up imposed by
Consultant A on Alumet and AAAC’s sales of alumina to Alba was facilitating corrupt payments to government officials who controlled Alba’s tender process. 

IV. ALCOA WORLD ALUMINA LLC Caused Alcoa to Extend Materially 

Significant Lines of Credit to Consultant A 

48. Consultant A sought a line of credit from Alcoa to cover the cost of alumina shipments to Alba until Alba remitted payment to Alumet and
AAAC. Consultant A, however, refused to provide financial statements for Alumet or AAAC to Alcoa’s credit department, which was normally required for a significant extension of credit to a third-party. Notwithstanding this, in or around
December 2004, ALCOA WORLD ALUMINA LLC, through Executive A, sought and received approval to extend credit to Consultant A’s companies and thereby caused Alcoa’s credit department to extend a $23 million line of credit to Alumet and AAAC.

 49. Thereafter, in each of contract years 2005 through 2009, Alcoa continued to grant business unit overrides to extend materially
increasing credit lines to Consultant A’s purported distributorships. By 2007, Alcoa was extending a credit line of $58 million to Alumet and AAAC. During this period, Alcoa granted Alumet and AAAC credit lines that were significantly greater
than those granted by Alcoa to any other third-party. 

  
 13 

 50. By facilitating the extension of credit to Consultant A, Executive A enabled the purported
distributorship scheme by allowing Consultant A to defer paying Alcoa of Australia for the multi-million dollar shipments of alumina to Alba until Alumet and AAAC received payment from Alba. 

  
 14 

 EXHIBIT 4 

CORPORATE COMPLIANCE PROGRAM 

In order to address any deficiencies in its internal controls, compliance code, policies, and procedures regarding compliance with the Foreign
Corrupt Practices Act (“FCPA”), 15 U.S.C. §§ 78dd-l, et seq., and other applicable anti-corruption laws, ALCOA INC. (the “Company”) agrees to continue to conduct, in a manner consistent with all of its
obligations under this Agreement, appropriate reviews of its existing internal controls, policies, and procedures. 
 Where necessary and
appropriate, the Company agrees to adopt new or to modify existing internal controls, compliance code, policies, and procedures in order to ensure that it maintains: (a) a system of internal accounting controls designed to ensure that the
Company makes and keeps fair and accurate books, records, and accounts; and (b) a rigorous anti-corruption compliance program that includes policies and procedures designed to detect and deter violations of the FCPA and other applicable
anti-corruption laws. At a minimum, this should include, but not be limited to, the following elements to the extent they are not already part of the Company’s existing internal controls, compliance code, policies, and procedures: 

High-Level Commitment 
 1.
The Company will ensure that its directors and senior management provide strong, explicit, and visible support and commitment to its corporate policy against violations of the anti-corruption laws and its compliance code. 

Policies and Procedures 

2. The Company will develop and promulgate a clearly articulated and visible corporate policy against violations of the FCPA and other
applicable foreign law counterparts (collectively, the “anti-corruption laws,”), which policy shall be memorialized in a written compliance code. 

 3. The Company will develop and promulgate compliance policies and procedures designed to reduce
the prospect of violations of the anti-corruption laws and the Company’s compliance code, and the Company will take appropriate measures to encourage and support the observance of ethics and compliance policies and procedures against violation
of the anti-corruption laws by personnel at all levels of the Company. These anti-corruption policies and procedures shall apply to all directors, officers, and employees and, where necessary and appropriate, outside parties acting on behalf of the
Company in a foreign jurisdiction, including but not limited to, agents and intermediaries, consultants, representatives, distributors, teaming partners, contractors and suppliers, consortia, and joint venture partners (collectively, “agents
and business partners”). The Company shall notify all employees that compliance with the policies and procedures is the duty of individuals at all levels of the company. Such policies and procedures shall address: 

a. gifts; 
 b. hospitality,
entertainment, and expenses; 
 c. customer travel; 

d. political contributions; 
 e.
charitable donations and sponsorships; 
 f. facilitation payments; and 

g. solicitation and extortion. 

 4. The Company will ensure that it has a system of financial and accounting procedures, including
a system of internal controls, reasonably designed to ensure the maintenance of fair and accurate books, records, and accounts. This system should be designed to provide reasonable assurances that: 

a. transactions are executed in accordance with management’s general or specific authorization; 

b. transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting
principles or any other criteria applicable to such statements, and to maintain accountability for assets; 
 c. access to assets is
permitted only in accordance with management’s general or specific authorization; and 
 d. the recorded accountability for assets is
compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. 
 Periodic
Risk-Based Review 
 5. The Company will develop these compliance policies and procedures on the basis of a periodic risk assessment
addressing the individual circumstances of the Company, in particular the foreign bribery risks facing the Company, including, but not limited to, its geographical organization, interactions with various types and levels of government officials,
industrial sectors of operation, involvement in joint venture arrangements, importance of licenses and permits in the Company’s operations, degree of governmental oversight and inspection, and volume and importance of goods and personnel
clearing through customs and immigration. 
 6. The Company shall review its anti-corruption compliance policies and procedures no less than
annually and update them as appropriate to ensure their continued effectiveness, taking into account relevant developments in the field and evolving international and industry standards. 

 Proper Oversight and Independence 

7. The Company will assign responsibility to one or more senior corporate executives of the Company for the implementation and oversight of
the Company’s anti-corruption compliance code, policies, and procedures. Such corporate official(s) shall have the authority to report directly to independent monitoring bodies, including internal audit, the Company’s Board of Directors,
or any appropriate committee of the Board of Directors, and shall have an adequate level of autonomy from management as well as sufficient resources and authority to maintain such autonomy. 

Training and Guidance 
 8.
The Company will implement mechanisms designed to ensure that its anti-corruption compliance code, policies, and procedures are effectively communicated to all directors, officers, employees, and, where necessary and appropriate, agents and business
partners. These mechanisms shall include: (a) periodic training for all directors and officers, all employees in positions of leadership or trust, positions that require such training (e.g., internal audit, sales, legal, compliance, finance),
or positions that otherwise pose a corruption risk to the Company, and, where necessary and appropriate, agents and business partners; and (b) corresponding certifications by all such directors, officers, employees, agents, and business
partners, certifying compliance with the training requirements. 
 9. The Company will maintain, or where necessary establish, an effective
system for providing guidance and advice to directors, officers, employees, and, where necessary and appropriate, agents and business partners, on complying with the Company’s anti-corruption compliance code, policies, and procedures, including
when they need advice on an urgent basis or in any foreign jurisdiction in which the Company operates. 

 Internal Reporting and Investigation 

10. The Company will maintain, or where necessary establish, an effective system for internal and, where possible, confidential reporting by,
and protection of, directors, officers, employees, and, where appropriate, agents and business partners concerning violations of the anti-corruption laws or the Company’s anti-corruption compliance code, policies, and procedures. 

11. The Company will maintain, or where necessary establish, an effective and reliable process with sufficient resources for responding to,
investigating, and documenting allegations of violations of the anti-corruption laws or the Company’s anti-corruption compliance code, policies, and procedures. 

Enforcement and Discipline 

12. The Company will implement mechanisms designed to effectively enforce its compliance code, policies, and procedures, including
appropriately incentivizing compliance and disciplining violations. 
 13. The Company will institute appropriate disciplinary procedures to
address, among other things, violations of the anti-corruption laws and the Company’s anti-corruption compliance code, policies, and procedures by the Company’s directors, officers, and employees. Such procedures should be applied
consistently and fairly, regardless of the position held by, or perceived importance of, the director, officer, or employee. The Company shall implement procedures to ensure that where misconduct is discovered, reasonable steps are taken to remedy
the harm resulting from such misconduct, and to ensure that appropriate steps are taken to prevent further similar misconduct, including assessing the internal controls, compliance code, policies, and procedures and making modifications necessary to
ensure the overall anti-corruption compliance program is effective. 

 Third-Party Relationships 

14. The Company will institute appropriate risk-based due diligence and compliance requirements pertaining to the retention and oversight of
all agents and business partners, including: 
 a. properly documented due diligence pertaining to the hiring and appropriate and regular
oversight of agents and business partners; 
 b. informing agents and business partners of the Company’s commitment to abiding by
anti-corruption laws, and of the Company’s anti-corruption compliance code, policies, and procedures; and 
 c. seeking a reciprocal
commitment from agents and business partners. 
 15. Where necessary and appropriate, the Company will include standard provisions in
agreements, contracts, and renewals thereof with all agents and business partners that are reasonably calculated to prevent violations of the anti-corruption laws, which may, depending upon the circumstances, include: (a) anti-corruption
representations and undertakings relating to compliance with the anti-corruption laws; (b) rights to conduct audits of the books and records of the agent or business partner to ensure compliance with the foregoing; and (c) rights to
terminate an agent or business partner as a result of any breach of the anti-corruption laws, the Company’s compliance code, policies, or procedures, or the representations and undertakings related to such matters. 

 Mergers and Acquisitions 

16. The Company will develop and implement policies and procedures for mergers and acquisitions requiring that the Company conduct appropriate
risk-based due diligence on potential new business entities, including appropriate FCPA and anti-corruption due diligence by legal, accounting, and compliance personnel. 

17. The Company will ensure that the Company’s compliance code, policies, and procedures regarding the anti-corruption laws apply as
quickly as is practicable to newly acquired businesses or entities merged with the Company and will promptly: 
 a. train the directors,
officers, employees, agents, and business partners consistent with Paragraph 8 above on the anti-corruption laws and the Company’s compliance code, policies, and procedures regarding anti-corruption laws; and 

b. where warranted, conduct an FCPA-specific audit of all newly acquired or merged businesses as quickly as practicable. 

Monitoring and Testing 

18. The Company will conduct periodic reviews and testing of its anti-corruption compliance code, policies, and procedures designed to
evaluate and improve their effectiveness in preventing and detecting violations of anti-corruption laws and the Company’s anti-corruption compliance code, policies, and procedures, taking into account relevant developments in the field and
evolving international and industry standards.

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