Document:

DRAD-3.31.2015-Ex 10.1

EXHIBIT 10.1
REGISTRATION RIGHTS AGREEMENT
This Registration Rights Agreement (the “Agreement”) is made and entered into as of this 5th day of March, 2015 by and among Digirad Corporation, a Delaware corporation (the “Company”), and the “Stockholders” named on the signature pages hereto and in that certain Agreement of Merger and Plan of Reorganization, dated March 5, 2015, by and among the Company, Maleah Incorporated, a California corporation and wholly-owned direct subsidiary of the Company, MD Office Solutions, a California corporation, and the Stockholders party thereto (the “Merger Agreement”).  Capitalized terms used herein have the respective meanings ascribed thereto in the Merger Agreement unless otherwise defined herein.
The parties hereby agree as follows:
1.Certain Definitions.
As used in this Agreement, the following terms shall have the following meanings:
“Common Stock” means the Company’s common stock, par value $0.0001 per share, and any securities into which such shares may hereinafter be reclassified.
“Prospectus” means (i) the prospectus included in any Registration Statement, as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration Statement and all other amendments and supplements to the prospectus, including post-effective amendments and all material incorporated by reference in such prospectus, and (ii) any “free writing prospectus” as defined in Rule 405 under the 1933 Act.
“Register,” “registered” and “registration” refer to a registration made by preparing and filing a Registration Statement or similar document in compliance with the 1933 Act, and the declaration or ordering of effectiveness of such Registration Statement or document.
“Registrable Securities” means (i) the Stock Consideration and (ii) any other securities issued or issuable with respect to or in exchange for Registrable Securities, whether by merger, charter amendment or otherwise; provided, that a security shall cease to be a Registrable Security upon (A) sale pursuant to a Registration Statement or Rule 144 under the 1933 Act, or (B) such security becoming eligible for sale by the applicable Stockholder pursuant to Rule 144 without any volume or manner-of-sale restrictions and without the requirement for the Company to be in compliance with the current public information requirement under Rule 144.
“Registration Statement” means any registration statement of the Company filed under the 1933 Act that covers the resale of any of the Registrable Securities pursuant to the provisions of this Agreement, amendments and supplements to such Registration Statement, including post-effective amendments, all exhibits and all material incorporated by reference in such Registration Statement.
“Required Stockholders” means the Stockholders beneficially owning a majority of the Registrable Securities.
“SEC” means the U.S. Securities and Exchange Commission.
“Stockholders” means the Stockholders identified and defined in the Merger Agreement.
“1933 Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.
“1934 Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
2.Registration.
(a)Registration Statement.  Promptly following the Closing Date, but no later than ninety (90) days thereafter, the Company shall prepare and file with the SEC one Registration Statement on Form S-3 (or, if Form S-3 is not then available to the Company, on such form of registration statement as is then available to effect a registration for resale of the Registrable Securities) covering the resale of the Registrable Securities.  The Registration Statement (and each amendment or supplement thereto, and each request for acceleration of effectiveness thereof) shall be provided in accordance with Section 3(c) to the Stockholders and their counsel prior to its filing or other submission. Such Registration Statement (including any amendments 

or supplements thereto and prospectuses contained therein) shall not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.
(b)Expenses.  The Company will pay all expenses associated with effecting the registration of the Registrable Securities, including filing and printing fees, the Company’s counsel and accounting fees and expenses, costs associated with clearing the Registrable Securities for sale under applicable state securities laws, listing fees, but excluding discounts, commissions, fees of underwriters, selling brokers, dealer managers or similar securities industry professionals with respect to any Registrable Securities.
(c)Effectiveness.
(i)The Company shall use commercially reasonable efforts to have the Registration Statement declared effective as soon as practicable.  The Company shall notify the Stockholders by facsimile or e-mail as promptly as practicable, and in any event, within twenty-four (24) hours, after any Registration Statement is declared effective and shall simultaneously provide the Stockholders with copies of any related Prospectus to be used in connection with the sale or other disposition of the securities covered thereby.  After the effective date of such Registration Statement, the Company shall file a final Prospectus with the SEC as required by Rule 424.
(ii)For not more than twenty (20) consecutive days or for a total of not more than forty-five (45) days in any twelve (12) month period, the Company may suspend the use of any Prospectus included in any Registration Statement contemplated by this Section in the event that the Company determines in good faith that such suspension is necessary to (A) delay the disclosure of material non-public information concerning the Company, the disclosure of which at the time is not, in the good faith opinion of the Company, in the best interests of the Company or (B) amend or supplement the affected Registration Statement or the related Prospectus so that such Registration Statement or Prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the case of the Prospectus in light of the circumstances under which they were made, not misleading (an “Allowed Delay”); provided, that the Company shall promptly (a) notify each Stockholder in writing of the commencement of an Allowed Delay, (b) advise the Stockholders in writing to cease all sales under the Registration Statement until the end of the Allowed Delay and (c) use commercially reasonable efforts to terminate an Allowed Delay as promptly as practicable.
(d)Rule 415; Cutback  If at any time the SEC takes the position that the offering of some or all of the Registrable Securities in a Registration Statement is not eligible to be made on a delayed or continuous basis under the provisions of Rule 415 under the 1933 Act or requires any Stockholder to be named as an “underwriter”, the Company shall use its commercially reasonable efforts to persuade the SEC that the offering contemplated by the Registration Statement is a bona fide secondary offering and not an offering “by or on behalf of the issuer” as defined in Rule 415 and that none of the Stockholders is an “underwriter”.  The Stockholders shall have the right to participate or have their counsel participate in any meetings or discussions with the SEC regarding the SEC’s position and to comment or have their counsel comment on any written submission made to the SEC with respect thereto.  No such written submission shall be made to the SEC to which the Stockholders’ counsel reasonably objects.  In the event that, despite the Company’s commercially reasonable efforts and compliance with the terms of this Section 2(d), the SEC refuses to alter its position, the Company shall (i) remove from the Registration Statement such portion of the Registrable Securities (the “Cut Back Shares”) and/or (ii) agree to such restrictions and limitations on the registration and resale of the Registrable Securities as the SEC may require to assure the Company’s compliance with the requirements of Rule 415 (collectively, the “SEC Restrictions”); provided, however, that the Company shall not agree to name any Stockholder as an “underwriter” in such Registration Statement without the prior written consent of such Stockholder.  Any cut-back imposed on the Stockholders pursuant to this Section 2(d) shall be allocated among the Stockholders on a pro rata basis, unless the SEC Restrictions otherwise require or provide or the Stockholders otherwise agree.  
3.Company Obligations.  The Company will use commercially reasonable efforts to effect the registration of the Registrable Securities in accordance with the terms hereof, and pursuant thereto the Company will, as promptly as possible:
(a)use commercially reasonable efforts to cause such Registration Statement to become effective and to remain continuously effective for a period that will terminate upon the earlier of (i) the date on which all Registrable Securities covered by such Registration Statement have been sold, and (ii) the date on which all Registrable Securities covered by such Registration Statement may be sold pursuant to Rule 144 under the 1933 Act without any volume or manner-of-sale restrictions and without the requirement for the Company to be in compliance with the current public company information requirement under Rule 144 (the “Effectiveness Period”);

(b)prepare and file with the SEC such amendments and post-effective amendments to the Registration Statement and the Prospectus as may be necessary to keep the Registration Statement effective for the Effectiveness Period and to comply with the provisions of the 1933 Act and the 1934 Act with respect to the distribution of all of the Registrable Securities covered thereby;
(c)provide copies to and permit counsel designated by the Stockholders to review each Registration Statement and all amendments and supplements thereto no fewer than three (3) Business Days prior to their filing with the SEC and not file any document to which such counsel reasonably objects;
(d)furnish to the Stockholders and their legal counsel (i) promptly after the same is prepared and publicly distributed, filed with the SEC, or received by the Company (but not later than two (2) Business Days after the filing date, receipt date or sending date, as the case may be) one (1) copy of any Registration Statement and any amendment thereto, each preliminary prospectus and Prospectus and each amendment or supplement thereto, and each letter written by or on behalf of the Company to the SEC or the staff of the SEC, and each item of correspondence from the SEC or the staff of the SEC, in each case relating to such Registration Statement (other than any portion of any thereof which contains information for which the Company has sought confidential treatment), and (ii) such number of copies of a Prospectus, including a preliminary prospectus, and all amendments and supplements thereto and such other documents as each Stockholder may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Stockholder that are covered by the related Registration Statement;
(e)use commercially reasonable efforts to (i) prevent the issuance of any stop order or other suspension of effectiveness, and (ii) if such order is issued, obtain the withdrawal of any such order at the earliest possible moment;
(f)use commercially reasonable efforts to cause all Registrable Securities covered by a Registration Statement to be listed on each securities exchange, interdealer quotation system or other market on which similar securities issued by the Company are then listed to the extent required by applicable law or rule;
(g)immediately notify the Stockholders, at any time prior to the end of the Effectiveness Period, upon discovery that, or upon the happening of any event as a result of which, the Prospectus includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, and promptly prepare, file with the SEC and furnish to such holder a supplement to or an amendment of such Prospectus as may be necessary so that such Prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing;
(h)otherwise use commercially reasonable efforts to comply with all applicable rules and regulations of the SEC under the 1933 Act and the 1934 Act, including, without limitation, Rule 172 under the 1933 Act, file any final Prospectus, including any supplement or amendment thereof, with the SEC pursuant to Rule 424 under the 1933 Act, promptly inform the Stockholders in writing if, at any time during the Effectiveness Period, the Company does not satisfy the conditions specified in Rule 172 and, as a result thereof, the Stockholders are required to deliver a Prospectus in connection with any disposition of Registrable Securities and take such other actions as may be reasonably necessary to facilitate the registration of the Registrable Securities hereunder; and
(i)With a view to making available to the Stockholders the benefits of Rule 144 (or its successor rule) and any other rule or regulation of the SEC that may at any time permit the Stockholders to sell shares of Common Stock to the public without registration, the Company covenants and agrees to:  (i) make and keep public information available, as those terms are understood and defined in Rule 144, until the earlier of (such date, the “Reporting Date”) (A) six months after such date as all of the Registrable Securities may be sold without restriction by the holders thereof pursuant to Rule 144 or any other rule of similar effect or (B) such date as all of the Registrable Securities shall have been resold; (ii) file with the SEC in a timely manner all reports and other documents required of the Company under the 1934 Act until the Reporting Date; and (iii) until the Reporting Date, furnish to each Stockholder upon request, as long as such Stockholder owns any Registrable Securities, (A) a written statement by the Company that it has complied with the reporting requirements of the 1934 Act, (B) a copy of the Company’s most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q, and (C) such other information as may be reasonably requested in order to avail such Stockholder of any rule or regulation of the SEC that permits the selling of any such Registrable Securities without registration.
(j)To the extent permitted by law and agreed to by Company counsel, the Company will cause Company counsel to issue an opinion allowing the removal of restrictive legends from certificates bearing such legends.

4.Obligations of the Stockholders.
(a)Each Stockholder shall furnish in writing to the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it, as shall be reasonably required to effect the registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably request.  At least five (5) Business Days prior to the first anticipated filing date of any Registration Statement, the Company shall notify each Stockholder of the information the Company requires from such Stockholder if such Stockholder elects to have any of its Registrable Securities included in the Registration Statement.  A Stockholder shall provide such information to the Company at least three (3) Business Days prior to the first anticipated filing date of such Registration Statement if such Stockholder elects to have any of its Registrable Securities included in the Registration Statement.
(b)Each Stockholder, by its acceptance of the Registrable Securities, agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of a Registration Statement hereunder, unless such Stockholder has notified the Company in writing of its election to exclude all of its Registrable Securities from such Registration Statement.
(c)Each Stockholder agrees that, upon receipt of any notice from the Company of either (x) the commencement of an Allowed Delay pursuant to Section 2(c)(ii) or (y) the happening of an event pursuant to Section 3(g) hereof, such Stockholder will immediately discontinue disposition of Registrable Securities pursuant to the Registration Statement covering such Registrable Securities, until the Stockholder is advised by the Company that such dispositions may again be made.
5.Indemnification.
(a)Indemnification by the Company.  The Company will indemnify and hold harmless each Stockholder that participates in the offering of Registrable Securities and its officers, directors, members, employees and agents, successors and assigns, and each other person, if any, who controls such Stockholder (within the meaning of the 1933 Act), against any losses, claims, damages or liabilities, joint or several, to which they may become subject under the 1933 Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement of any material fact contained in such Registration Statement, or Prospectus contained therein, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus, in light of the circumstances under which they were made) not misleading; or (ii) any violation by the Company or its agents of any rule or regulation promulgated under the 1933 Act applicable to the Company or its agents and relating to action or inaction required of the Company in connection with such registration, and will reimburse such Stockholder and each such officer, director, member, employee or agent and each such controlling person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the Company will not be liable in any such case if and to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by or on behalf of such Stockholder in writing specifically for use in such Registration Statement or Prospectus or amendment or supplement thereto.
(b)Indemnification by the Stockholders.  Each Stockholder participating in the offering of Registrable Securities agrees, severally but not jointly, to indemnify and hold harmless, to the fullest extent permitted by law, the Company, its directors, officers, employees, stockholders and each person who controls the Company (within the meaning of the 1933 Act) against any losses, claims, damages, liabilities and expenses (including reasonable attorneys’ fees) arising out of or based upon any untrue statement or alleged untrue statement of any material fact contained in such Registration Statement, or Prospectus contained therein, or any amendment or supplement thereto, or arising out of or based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus, in light of the circumstances under which they were made) not misleading, to the extent, but only to the extent that such untrue statement or alleged untrue statement or omission or alleged omission is contained in or omitted from any information furnished in writing by or on behalf of such Stockholder to the Company specifically for inclusion in such Registration Statement or Prospectus or amendment or supplement thereto.  In no event shall the liability of a Stockholder be greater in amount than the dollar amount of the net proceeds received by such Stockholder upon the sale of its Registrable Securities included in the Registration Statement giving rise to such indemnification obligation.
(c)Conduct of Indemnification Proceedings.  Any person entitled to indemnification hereunder shall (i) give prompt notice to the indemnifying party of any claim with respect to which it seeks indemnification and (ii) permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party; provided that any person entitled to indemnification hereunder shall have the right to employ separate counsel and to participate in the 

defense of such claim, but the fees and expenses of such counsel shall be at the expense of such person unless (a) the indemnifying party has agreed to pay such fees or expenses, (b) the indemnifying party shall have failed to assume the defense of such claim and employ counsel reasonably satisfactory to such person or (c) in the reasonable judgment of any such person, based upon written advice of its counsel, a conflict of interest exists between such person and the indemnifying party with respect to such claim (in which case, if the person notifies the indemnifying party in writing that such person elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such claim on behalf of such person); and provided, further, that the failure of any indemnified party to give notice as provided herein shall not relieve the indemnifying party of its obligations hereunder, except to the extent that such failure to give notice shall materially adversely affect the indemnifying party in the defense of any such claim or litigation.  It is understood that the indemnifying party shall not, in connection with any proceeding in the same jurisdiction, be liable for fees or expenses of more than one separate firm of attorneys at any time for all such indemnified parties.  No indemnifying party will (i) except with the consent of the indemnified party, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect of such claim or litigation and (ii) be liable for any settlement entered into without the indemnifying party’s prior written approval, such approval not to be unreasonably withheld or delayed.
(d)Contribution.  If for any reason the indemnification provided for in the preceding paragraphs (a) and (b) is unavailable to an indemnified party or insufficient to hold it harmless, other than as expressly specified therein, then the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the indemnified party and the indemnifying party, as well as any other relevant equitable considerations.  No person guilty of fraudulent misrepresentation within the meaning of Section 11(f) of the 1933 Act shall be entitled to contribution from any person not guilty of such fraudulent misrepresentation.  In no event shall the contribution obligation of a holder of Registrable Securities be greater in amount than the dollar amount of the net proceeds received by it upon the sale of its Registrable Securities giving rise to such contribution obligation.
6.Miscellaneous.
(a)Company Representations.  As of the date hereof, (i) the Company is eligible to register its Common Stock on a Registration Statement on Form S-3, (ii) the Company’s shares of Common Stock are listed on NASDAQ, and (iii) no person has the right to cause the Company to file a Registration Statement registering Common Stock prior to registration of the Registrable Securities as provided herein.
(b)Amendments and Waivers.  This Agreement may be amended only by a writing signed by the Company and the Required Stockholders.  The Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if the Company shall have obtained the written consent of the Required Stockholders to such amendment, action or omission to act.
(c)Notices.  All notices and other communications provided for or permitted hereunder shall be made as set forth in Section 8.06 of the Merger Agreement.
(d)Assignments.  This Agreement may not be assigned by any of the Stockholders (whether by operation of law or otherwise) without the prior written consent of the Company and may not be assigned by the Company (whether by operation of law or otherwise) without the prior written consent of the Required Stockholders, provided, however, that in the event that the Company is a party to a merger, consolidation, share exchange or similar business combination transaction in which the Common Stock is converted into the equity securities of another Person, from and after the effective time of such transaction, such Person shall, by virtue of such transaction, be deemed to have assumed the obligations of the Company hereunder, the term “Company” shall be deemed to refer to such Person and the term “Registrable Securities” shall be deemed to include the securities received by the Stockholders in connection with such transaction unless such securities are otherwise freely tradable by the Stockholders after giving effect to such transaction.
(e)Remedies.  In the event of a breach by the Company or by a Stockholder of any of their respective obligations under this Agreement, each Stockholder or the Company, as the case may be, in addition to being entitled to exercise all rights granted by law and under this Agreement shall be entitled to seek specific performance of its rights under this Agreement.  Each of the Company and each Stockholder agrees that monetary damages may not provide adequate compensation for any losses incurred by reason of a breach by it of any of the provisions of this Agreement.
(f)Benefits of the Agreement.  The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective permitted successors and assigns of the parties.  Nothing in this Agreement, express or implied, 

is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.
(g)Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  This Agreement may also be executed via facsimile or .pdf, which shall be deemed an original.
(h)Titles and Subtitles.  The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.
(i)Severability.  Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof but shall be interpreted as if it were written so as to be enforceable to the maximum extent permitted by applicable law, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.  To the extent permitted by applicable law, the parties hereby waive any provision of law which renders any provisions hereof prohibited or unenforceable in any respect.
(j)Further Assurances.  The parties shall execute and deliver all such further instruments and documents and take all such other actions as may reasonably be required to carry out the transactions contemplated hereby and to evidence the fulfillment of the agreements herein contained.
(k)Entire Agreement.  This Agreement is intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein.  This Agreement supersedes all prior agreements and understandings among the parties with respect to such subject matter.
(l)Governing Law; Consent to Jurisdiction; Waiver of Jury Trial.  This Agreement shall be governed by, and construed in accordance with, the internal laws of the State of Delaware without regard to the choice of law principles thereof.  Each of the parties hereto irrevocably submits to the exclusive jurisdiction of the courts of the State of Delaware and the United States District Court for the District of Delaware for the purpose of any suit, action, proceeding or judgment relating to or arising out of this Agreement and the transactions contemplated hereby.  Service of process in connection with any such suit, action or proceeding may be served on each party hereto anywhere in the world by the same methods as are specified for the giving of notices under this Agreement.  Each of the parties hereto irrevocably consents to the jurisdiction of any such court in any such suit, action or proceeding and to the laying of venue in such court.  Each party hereto irrevocably waives any objection to the laying of venue of any such suit, action or proceeding brought in such courts and irrevocably waives any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.  EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER.
(m)Adjustments For Stock Dividends, Stock Splits, Recapitalizations, Combinations, Etc.  If the Company shall at any time issue a stock dividend on its outstanding shares of Common Stock or effect a recapitalization, stock split, reverse stock split, reorganization, consolidation, split-up, combination, repurchase or exchange of shares of its Common Stock or other securities of the Company that affects the outstanding number of shares of Common Stock, all provisions set forth in this Agreement that are affected by a specified number of shares of Common Stock shall be appropriately adjusted.
[Signature page follows]

IN WITNESS WHEREOF, the parties have executed this Registration Rights Agreement or caused their duly authorized officers to execute this Registration Rights Agreement as of the date first above written.

	
		
	                                                  The Company:
	DIGIRAD CORPORATION

	By:
	/s/ JEFFRY KEYES

	 
	Name: Jeffry Keyes

	 
	Title:   Chief Financial Officer

    
	
		
	                                                  The Stockholders:
	 

	 
	KEENAN - THORNTON FAMILY TRUST

	By:
	/s/ MICHAEL KEENAN

	 
	Michael Keenan, Trustee

	By:
	/s/ CYNTHIA THORNTON

	 
	Cynthia Thornton, Trustee

	 
	 

	 
	/s/ SAMIA ARRAM

	 
	Samia Arram

	 
	/s/ DAVID KEENAN

	 
	David Keenan2015.03.31 Q1 Ex 10.1

EXHIBIT 10.1

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

AMENDED AND RESTATED ALUMINUM PURCHASE AGREEMENT
This Amended and Restated Aluminum Purchase Agreement (“Agreement”) is dated as of February 23, 2015, by and between Century Aluminum Company, a Delaware corporation (“Century Parent”), NSA General Partnership, a Kentucky general partnership (“NSA”), Century Aluminum Sebree LLC, a Delaware limited liability company (“Sebree”), Century Aluminum of South Carolina, Inc., a Delaware corporation (“CASC”), Century Aluminum of West Virginia, Inc., a Delaware corporation (“CAWV”) and Glencore Ltd., a Swiss corporation (“Glencore” and collectively with Century Parent, NSA, Sebree, CASC and CAWV, the “Parties” and each of the foregoing being a “Party”).
RECITALS
Glencore wishes to purchase from NSA, Sebree, CASC and CAWV (collectively with Century Parent, “Century”) all of the Aluminum that is produced at the Century North America Facilities (excluding Recycled Aluminum and Scrap Aluminum) as finished goods during the 2015 and 2016 Contract Years, and Century wishes to sell such Aluminum to Glencore, on the terms and conditions set forth in this Agreement.  This Agreement shall amend and restate, in all respects, that certain Aluminum Purchase Agreement, dated as of December 31, 2014, by and among the Parties.  
Accordingly, the Parties hereby agree as follows:
1.(1)   Definitions.  The following terms will have the meanings specified below:

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

“Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under direct or indirect common control with, such Person.  For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”) with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. 
“Aluminum” means primary aluminum, other than Aluminum produced by Century for Special Sales. 
“Base Premiums” means the High Purity Base Premium, the Billet Base Premium, the HDC/Small Form Base Premium and the Slab Base Premium.
“Billet Base Premium” means (x) *[Redacted]* for Billet produced at the Mt. Holly Facility and (y) *[Redacted]* for Billet produced at the Sebree Facility *[Redacted]*.
“Business Day” means any day (other than a Saturday, Sunday or legal holiday) on which banks are open for business in New York, New York and Chicago, Illinois.
“Century North America Facilities” means the Hawesville Facility, the Mt. Holly Facility, the Sebree Facility and the Ravenswood Facility.
“Century’s Additional Casting Costs” means the costs *[Redacted]* set forth on Exhibit A (or as are otherwise agreed by the Parties from time to time) of casting specified shapes and alloys of Aluminum, in each case to be applied hereunder on a pound for pound basis.  These costs will be adjusted for subsequent calendar quarters based upon actual alloy costs incurred by Century in the preceding calendar quarter.  In addition, in the fourth quarter of 2015, 

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

the Parties will adjust the costs set forth in Exhibit A to reflect changes, if any, in Century’s actual production costs and such costs will become effective beginning on January 1, 2016.
“Century-Produced Aluminum” means any Aluminum produced at a Century North America Facility.
“Century’s Reimbursable Costs” means the *[Redacted]*.
“Committed Quantities High Purity Premium Percentage” means the applicable percentage set forth below:  
*[Redacted]*
“Contract Year” means each 12-month period from January 1, 2015 through December 31, 2015 and January 1, 2016 through December 31, 2016.
“Customer” means a third-party customer of Glencore.  For the avoidance of doubt, no Affiliate of Glencore shall be considered a Customer unless agreed to in advance by Century.
“Customer Premium” means the per pound product or purity premium (over either a fixed or floating Metals Week US Transaction Price) (i) charged by Glencore to its Customer for a resale of Century-Produced Aluminum or (ii) charged to a customer in the case of sales of Molten Aluminum described in Section 12.  In such cases where a Customer is charged using LME Plus Pricing, then the Customer Premium for such sale shall be equal to the average product premium charged by Glencore to other Customers for sales entered into during the same calendar quarter for substantially similar volumes of substantially similar products to be calculated in good faith by the Parties (in the event that no substantially similar sales exist, the 

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

Parties will negotiate in good faith to determine the appropriate Customer Premium with respect to such sales). 
“Extended Payment Term Charge” means charges (or credits) to a Customer for payment terms longer or shorter than net 30 days *[Redacted]*. 
“Glencore’s Reimbursable Costs” means the *[Redacted]*.  
“Hawesville Facility” means the primary aluminum reduction facility owned by CAKY and located in Hawesville, Kentucky.
“HDC means horizontal direct chill Aluminum in ingot form.
“HDC/Small Form Base Premium” means:  
(i) for Foundry:  (A) *[Redacted]* produced at the Mt. Holly Facility and (B) *[Redacted]* produced at the Sebree Facility; and
(ii) for Prime:  *[Redacted]*.
“High Purity” means all grades of Aluminum that are P0404A or better.
“High Purity Base Premium” means an amount equal to:
*[Redacted]*
“High Purity Premium Percentage” means the applicable percentage set forth below:
*[Redacted]*
“LME Plus Pricing” means pricing that is set as a premium above the LME price rather than the Metals Week US Transaction Price. 
“Metals Week US Transaction Price” means the arithmetic average of the daily Metals Week US Transaction Price per pound for high grade aluminum (99.7 purity), published 

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

in Platts Metals Week over the applicable Quotation Period.  If Platts Metals Week ceases publication, the Parties shall in good faith seek a substitute publication or reference that most nearly approximates the price reflected in Platts Metals Week.
“MT” means metric tons of 1,000 kilograms (or 2,204.62 pounds) each.
“Mt. Holly Facility” means the primary aluminum reduction facility located in Berkeley County, South Carolina.
*[Redacted]*
“Offgrade Aluminum” means Unalloyed Aluminum which does not meet the Specifications for P1020A or better.
*[Redacted]*
“Other Aluminum” means P1020A Aluminum (other than P1020A Aluminum in Tee Bar form), P0610A Aluminum and Offgrade Aluminum.
“Other High Purity Premium Percentage” means the applicable percentage set forth below:
*[Redacted]*
“Person” means an individual, partnership, corporation, limited liability company, joint stock company, land trust, business trust, or unincorporated organization, or a government or agency or political subdivision thereof.
“Quotational Period” means (i) for all sales of Aluminum by Century to Glencore hereunder (other than Special Sales and except as provided in Section 22(c)(i)), the *[Redacted]* in which the Aluminum is scheduled to be delivered to Glencore hereunder; provided that, the Quotational Period for January and February 2015 shall be *[Redacted]* and (ii) for all Special 

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

Sales (except as provided in Section 22(c)(i)), *[Redacted]* in which the Aluminum is scheduled to be delivered to Glencore hereunder; provided that, the Quotational Period for January, February and March 2015 shall be *[Redacted]*.
“Ravenswood Facility” means the primary aluminum reduction facility owned by CAWV and located in Ravenswood, West Virginia.
“Recycled Aluminum” means all recycled scrap ingots and other aluminum products, including pot pads, which Century intends to sell or deliver to third parties for reclamation or reprocessing during the 2015 and 2016 Contract Years. 
“Scrap Aluminum” means aluminum resulting from the collection and/or recovery of metal that arises as a by-product at various production stages, which Century intends to sell or deliver to third parties during the 2015 and 2016 Contract Years.
 “Sebree Facility” means the primary aluminum reduction facility owned by Sebree and located in Robards, Kentucky.
“Slab Base Premium” means (i) *[Redacted]* for Slab produced at the Sebree Facility and (ii) such amount as the Parties may agree in good faith for Slab produced at the Hawesville Facility. 
“Small Form” means standard ingot or HDC having a weight less than or equal to fifty pounds.
“Special Sales” means *[Redacted]*.  The Parties may agree from time to time to exclude certain Special Sales from this Agreement and such excluded Special Sales shall not be included in the Take or Pay Commitment hereunder.
“Specifications” means the applicable specifications set forth on Exhibit B.

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

“Spot Sale” means any contract for the sale of Century-Produced Aluminum by Glencore having a term that is less than one calendar year.
“Stored Property” means any Aluminum stored for Glencore pursuant to Section 23 of this Agreement.
“Third-Party Aluminum” means Aluminum which Glencore or its Affiliates produces or purchases from Persons other than Century.
(a)    Table of Additional Definitions.
The following terms have the meanings set forth in the Sections set forth below:
Definition    Location
Additional Committed Quantities    Section 3(b)(i)
Base Committed Quantities    Section 3(b)(i)
Billet    Section 5(a)
Committed Quantities    Section 3(b)(i)
Fixed Premium    Section 3(b)(ii)
Fixed Premium Aluminum    Section 3(b)(ii)
Fixed Premium Foundry Tee Bar    Section 7(c)
Fixed Premium P0506A Aluminum    Section 9(c)
Fixed Premium High Conductivity Sow    Section 13(c)
Force Majeure    Section 22(a)
Foundry Tee Bar    Section 7(a)
HDC/Small Form Committed Quantities    Section 6(b)
High Conductivity Sow    Section 13(a)
High Purity Committed Quantities    Section 4(b)
Molten Aluminum    Section 12
Monthly Orders    Section 14
Other Foundry Tee Bar    Section 7(d)(i)
Other HDC/Small Form    Section 6(e)(i)
Other High Conductivity Sow    Section 13(d)(i)
Other High Purity    Section 4(e)(i)
Other Slab    Section 8(e)(i)
P0610A Base Payment    Section 6(d)(i)
Slab    Section 8(a)
Slab Committed Quantities    Section 8(b)
Take or Pay Commitment    Section 3(a)
Tee Bar    Section 7(a)
Unalloyed Aluminum    Exhibit B

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

Unalloyed Tee Bar    Section 7(a)
2.    Term.  This Agreement shall become effective as of the date hereof, for deliveries beginning on January 1, 2015, and shall continue in force through December 31, 2016, unless sooner terminated pursuant to the terms hereof.
3.    Quantity; Take or Pay.  
(a)    Take or Pay.  Subject to the terms and conditions set forth in this Agreement (including, without limitation, Section 3(c)), and the separate agreements relating to Special Sales, Century will sell to Glencore, and Glencore will purchase from Century, all Aluminum (including Special Sales) produced at the Century North America Facilities during the 2015 and 2016 Contract Years, except for the amounts set forth on Exhibit D (the “Take or Pay Commitment”).  
(b)    Committed and Non-Committed Quantities.  
(i)    As part of the Take or Pay Commitment, Glencore will purchase certain committed quantities of particular grades, forms and shapes of Aluminum (collectively, the “Committed Quantities”) as set forth in Sections 4(b), 5(b), 6(b) and 8(b).  Prior to December 31 of each Contract Year, the Parties shall meet and agree in good faith upon the division of the Committed Quantities for the following Contract Year into two categories: (x) Committed Quantities for which Glencore has entered into a corresponding sales agreement with a Customer (“Base Committed Quantities”) and (y) all other Committed Quantities (“Additional Committed Quantities”).  
(ii)    The Parties shall agree in good faith prior to December 31 of each Contract Year on a fixed premium determined as provided on Exhibit F (the “Fixed Premium”) 

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

for each applicable Aluminum product for the following Contract Year for (x) all Century-Produced Aluminum that is part of the Base Committed Quantities and (y) any other Century-Produced Aluminum for which Glencore has entered into a corresponding sales agreement with a Customer for such Contract Year that is not part of the Base Committed Quantities (the Aluminum described in the foregoing clauses (x) and (y) being the "Fixed Premium Aluminum").  The quantities of Fixed Premium Aluminum and the agreed Fixed Premiums shall be documented in a pricing sheet agreed to by the Parties for each Contract Year.  Once determined, the Fixed Premium shall apply to all quantities of Fixed Premium Aluminum produced in the applicable year and shall not be subject to change without the mutual written consent of all Parties.         
(iii)    For Additional Committed Quantities, Glencore has agreed to pay Century a Base Premium as set forth in Sections 4(d)(i), 5(d)(i), 6(d)(i), and 8(d)(i).  
(iv)    For non-Committed Quantities purchased by Glencore hereunder, no Base Premium will be due, provided that, for any quantities specifically ordered by Glencore in addition to the Committed Quantities, Glencore will pay the Base Premium as set forth in Sections 4(d)(i), 5(d)(i), 6(d)(i), and 8(d)(i) as if such quantities constituted Additional Committed Quantities.  Subject to Section 14, all production satisfying the applicable alloy, grade, size and shape requirements will be treated as part of the applicable Committed Quantity until the applicable Committed Quantity has been purchased by Glencore.
(c)    Additional Capacity.  If Century or any of its Affiliates re-starts the Ravenswood Facility, increases production capacity at any of the Century North America Facilities or acquires any other Aluminum production facility in North America (an 

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

“Acquisition”), Century will sell and Glencore will purchase any resulting increased or additional production of Aluminum pursuant to this Agreement, with any required modifications to this Agreement (including alloys, grades, forms, shapes and prices) to be agreed by the Parties in good faith; provided that, in the case of any Acquisition, any production of Aluminum from the acquired facility that is sold or committed to be sold to a third party at the time of or in connection with the Acquisition shall be excluded from the foregoing.
4.    High Purity.   
(a)    Take or Pay.  Pursuant to the Take or Pay Commitment, Glencore will purchase all High Purity produced at the Century North America Facilities during the 2015 and 2016 Contract Years.  
(b)    Committed Quantities.  The total Committed Quantities of High Purity will be (i) *[Redacted]* for Contract Year 2015 and (ii) for Contract Year 2016 the greater of (1) *[Redacted]* or (2) the quantity of High Purity produced by Century and sold by Glencore in Contract Year 2015 plus *[Redacted]*, but not to exceed *[Redacted]* (the “High Purity Committed Quantities”).  Such High Purity Committed Quantities will be subdivided into grades of High Purity as set forth on Exhibit E for Contract Year 2015, and as will be agreed by the Parties in good faith for Contract Year 2016 in the fourth quarter of Contract Year 2015.
(c)    Payments for Base Committed Quantities of High Purity.  Glencore will make a fixed payment to Century for each pound of Base Committed Quantities of High Purity delivered to Glencore in an amount equal to (1) the Metals Week US Transaction Price and (2) the applicable Fixed Premium.

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

(d)    Payments for Additional Committed Quantities of High Purity.
(i)    Fixed Payment.  Glencore will make a fixed payment to Century for each pound of Additional Committed Quantities of High Purity (or any additional pounds of High Purity ordered by Glencore in excess of the High Purity Committed Quantities) delivered to Glencore in an amount equal to the sum of (1) the Metals Week US Transaction Price, (2) *[Redacted]* for High Purity in Small Form and (3) the High Purity Base Premium.  
(ii)    Additional Payment.  Following the final sale of any Additional Committed Quantities of High Purity to Customers by Glencore, Glencore will make an additional payment to Century for each such pound of Additional Committed Quantities of High Purity in the positive amount (if any) equal to:
(A)    the High Purity Premium Percentage times 
(B)     the amount of the Customer Premium minus the sum of (1) Glencore’s Reimbursable Costs, (2) any Small Form premium paid pursuant to Section 4(d)(i)(2) and (3) the High Purity Base Premium.
(e)    Payments for Other High Purity.
(i)    Fixed Payment.  For each pound of High Purity delivered by Century to Glencore in excess of the applicable High Purity Committed Quantities (all such deliveries, “Other High Purity”), Glencore will make a fixed payment to Century equal to the sum of (1) the Metals Week US Transaction Price, and (2) *[Redacted]* for High Purity in Small Form. 
(ii)    Additional Payment.  Following the final sale of any Other High Purity to Customers by Glencore, Glencore will make an additional payment to Century for each such pound of Other High Purity in the positive amount (if any) equal to:

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

(A)    the Other High Purity Premium Percentage times 
(B)     the amount of the Customer Premium minus the sum of (1) Glencore’s Reimbursable Costs and (2) any Small Form premium paid pursuant to Section 4(e)(i)(2).
(f)    Commercially Reasonable Efforts.  Glencore will use commercially reasonable efforts to sell all High Purity at the highest Customer Premium possible *[Redacted]*.
(g)    High Purity in Small Form.  The Parties will work in good faith to explore the feasibility of producing High Purity in Small Form at the Sebree facility.  High Purity in Small Form purchased by Glencore hereunder will satisfy Glencore’s obligation to purchase both the High Purity Committed Quantities and the HDC/Small Form Committed Quantities on a pound for pound basis.  
5.    Billet.
(a)    Take or Pay.  Pursuant to the Take or Pay Commitment, Glencore will purchase all Aluminum in billet form (“Billet”) produced at the Century North America Facilities during the 2015 and 2016 Contract Years.  
(b)    Committed Quantities.  The Committed Quantities of Billet for Contract Years 2015 and 2016 are *[Redacted]* Billet produced at the Century North America Facilities during such Contract Years.
(c)    Payments for Base Committed Quantities of Billet.  Glencore will make a fixed payment to Century for each pound of Base Committed Quantities of Billet delivered to Glencore in an amount equal to (1) the Metals Week US Transaction Price and (2) the applicable Fixed Premium.

-12-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

(d)    Payments for Additional Committed Quantities of Billet.  
(iii)    Fixed Payment.  Glencore will make a fixed payment to Century for each pound of Additional Committed Quantities of Billet delivered to Glencore in an amount equal to the sum of (1) the Metals Week US Transaction Price, (2) the Billet Base Premium and (3) Century’s Additional Casting Costs.  
(iv)    Additional Payment.  Following the final sale of any Additional Committed Quantities of Billet to Customers by Glencore, Glencore will make an additional payment to Century for each such pound of Billet in the positive amount (if any) equal to:
(A) *[Redacted]*% of
(B) the amount of the Customer Premium for such Billet minus the sum of (1) the Billet Base Premium, (2) Glencore’s Reimbursable Costs and (3) Century’s Additional Casting Costs.
6.    HDC and Small Form Products.  
(a)    Take or Pay.  Pursuant to the Take or Pay Commitment, Glencore will purchase all HDC and Small Form Aluminum produced at the Century North America Facilities during the 2015 and 2016 Contract Years. 
(b)    Committed Quantities.  The Committed Quantities of HDC and Small Form Aluminum are (i) in Contract Year 2015, *[Redacted]* produced at the Mt. Holly Facility and *[Redacted]* produced at the Sebree Facility and (ii) in Contract Year 2016, such quantities as the Parties shall agree in the fourth quarter of 2015 based upon applicable production levels, cast house capabilities and market conditions (the “HDC/Small Form Committed Quantities”), provided that the HDC/Small Form Committed Quantities for Contract Year 2016 shall be at 

-13-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

least equal to the lesser of (i) Glencore’s actual sales of HDC and Small Form Aluminum produced by Century in 2015 and (ii) the HDC/Small Form Committed Quantities for Contract Year 2015.  
(c)    Payments for Base Committed Quantities of HDC/Small Form.  Glencore will make a fixed payment to Century for each pound of Base Committed Quantities of HDC/Small Form delivered to Glencore in an amount equal to (1) the Metals Week US Transaction Price and (2) the applicable Fixed Premium.
(d)    Payments for Additional Committed Quantities of HDC/Small Form.
(i)    Fixed Payment.  Glencore will make a fixed payment to Century for each pound of Additional Committed Quantities of HDC/Small Form (or any additional pounds of HDC or Small Form Aluminum ordered by Glencore in excess of the HDC/Small Form Committed Quantities) delivered to Glencore in an amount equal to the sum of (1) the Metals Week US Transaction Price, (2) the HDC/Small Form Base Premium, (3) *[Redacted]* for P0610A, if applicable (“P0610A Base Payment”) and (4) Century’s Additional Casting Costs.  
(ii)    Additional Payment.  Following the final sale of any HDC/Small Form Committed Quantities to Customers by Glencore, Glencore will make an additional payment to Century for each such pound of Additional Committed Quantities of HDC/Small Form in the positive amount (if any) equal to:

(A) *[Redacted]*% of
(B) the amount of the Customer Premium for such HDC/Small Form products minus the sum of (1) the HBC/Small Form Base Premium, (2) Glencore’s Reimbursable Costs, (3) Century’s Additional Casting Costs and (4) the P0610A Base Payment, if previously paid. 

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

(e)    Payments for Other HDC/Small Form. 
(i)    Fixed Payment.  For each pound of HDC and Small Form Aluminum products delivered by Century to Glencore in excess of the applicable HDC/Small Form Committed Quantities (all such deliveries, “Other HDC/Small Form”), Glencore will make a fixed payment to Century equal to the sum of (1) the Metals Week US Transaction Price less a *[Redacted]* freight discount for Mt Holly and *[Redacted]* freight discount for Sebree, (2) the P0610A Base Payment, if applicable and (3) Century’s Additional Casting Costs. 
(ii)    Additional Payment.  Following the final sale of any Other HDC/Small Form to Customers by Glencore, Glencore will make an additional payment to Century for each such pound of Other HDC/Small Form in the positive amount (if any) equal to:
(A) *[Redacted]*% of
(B) the amount of the Customer Premium for such Other HDC/Small Form products minus the sum of (1) Glencore’s Reimbursable Costs less *[Redacted]* freight discount (as applicable), (2) Century’s Additional Casting Costs and (3) the P0610A Base Payment, if previously paid.
(f)    Commercially Reasonable Efforts.  Glencore will use commercially reasonable efforts to sell all HDC and Small Form Aluminum products at the highest Customer Premium possible *[Redacted]*.
7.    Tee Bar.  
(a)    Take or Pay.  Pursuant to the Take or Pay Commitment, Glencore will purchase all Aluminum in tee bar form (collectively, “Tee Bar”), including foundry-grade tee bar (“Foundry Tee Bar”) and Unalloyed tee bar (“Unalloyed Tee Bar”) produced at the Century North America Facilities during the 2015 and 2016 Contract Years.  

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

(b)    Committed Quantities. There will be *[Redacted]* Committed Quantities for Tee Bar in any Contract Year.  
(c)    Fixed Premium Payments for Foundry Tee Bar.  For each pound of Foundry Tee Bar delivered to Glencore for which a Fixed Premium has been determined in accordance with Section 3(b)(ii) (“Fixed Premium Foundry Tee Bar”), Glencore will make a fixed payment to Century in an amount equal to the sum of (1) the Metals Week US Transaction Price less *[Redacted]* and (2) the applicable Fixed Premium.
(d)    Payments for Other Foundry Tee Bar.  
(iii)    Fixed Payment.  Glencore will make a fixed payment to Century for each pound of Foundry Tee Bar other than Fixed Premium Foundry Tee Bar (“Other Foundry Tee Bar”) delivered to Glencore in an amount equal to the sum of (1) the Metals Week US Transaction Price less *[Redacted]* and (2) Century’s Additional Casting Costs, including hardener costs for Foundry Tee Bar as set forth on Exhibit A.  
(iv)    Additional Payment.  Following the final sale of any Other Foundry Tee Bar to Customers by Glencore, Glencore will make an additional payment to Century for each such pound of Other Foundry Tee Bar in the positive amount (if any) equal to:
(A) *[Redacted]*% of
(B) the amount of the Customer Premium for such Other Foundry Tee Bar, minus the sum of (1) Glencore’s Reimbursable Costs less *[Redacted]*, and (2) Century’s Additional Casting Costs.
(e)    Payments for Unalloyed Tee Bar.  Glencore will make a single payment to Century for each pound of Unalloyed Tee Bar delivered to Glencore in an amount equal to the 

-16-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

Metals Week US Transaction Price less *[Redacted]* freight discount.   No further payments for Unalloyed Tee Bar will be due. 
8.    Slab.  
(a)    Take or Pay.  Pursuant to the Take or Pay Commitment, Glencore will purchase all Aluminum in slab form (“Slab”) produced at the Century North America Facilities during the 2015 and 2016 Contract Years. 
(b)    Committed Quantities.  The Committed Quantities of Slab products are (i) in Contract Year 2015, *[Redacted]* produced at the Sebree Facility and (ii) in Contract Year 2016, such quantities from the Sebree and Hawesville Facilities as the Parties shall agree during the fourth quarter of 2015 based upon the optimal product mix for all Parties taking into account production levels, market conditions and casthouse capabilities (the “Slab Committed Quantities”).  It is the intention of the Parties that the Slab Committed Quantity for Contract Year 2016 will not be less than the Slab Committed Quantity for Contract year 2015 unless market conditions make it unprofitable for Glencore to purchase and resell a greater or equal  quantity in Contract Year 2016.
(c)    Payments for Base Committed Quantities of Slab.  Glencore will make a fixed payment to Century for each pound of Base Committed Quantities of Slab delivered to Glencore in an amount equal to (1) the Metals Week US Transaction Price and (2) the applicable Fixed Premium.
(d)    Payments for Additional Committed Quantities of Slab.  
(i)    Fixed Payment.  Glencore will make a fixed payment to Century for each pound of Additional Committed Quantities of Slab (or any additional pounds of Slab ordered by 

-17-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

Glencore in excess of the Slab Committed Quantities) delivered to Glencore in an amount equal to the sum of (1) the Metals Week US Transaction Price, (2) the Slab Base Premium and (3) Century’s Additional Casting Costs.  
(ii)    Additional Payment.  Following the final sale of any Additional Committed Quantities of Slab to Customers by Glencore, Glencore will make an additional payment to Century for each such pound of Additional Committed Quantities of Slab in the positive amount (if any) equal to:
(A) *[Redacted]*% of
(B) the amount of the Customer Premium for such Slab minus the sum of (1) the Slab Base Premium, (2) Glencore’s Reimbursable Costs and (3) Century’s Additional Casting Costs. 
(e)    Payments for Other Slab Committed Quantities.  
(i)    Fixed Payment.  For each pound of Slab products delivered by Century to Glencore in excess of the applicable Slab Committed Quantities (all such deliveries, “Other Slab”), Glencore will make a fixed payment to Century equal to the sum of (1) the Metals Week US Transaction Price and (2) Century’s Additional Casting Costs. 
(ii)    Additional Payment.  Following the final sale of any Other Slab to Customers by Glencore, Glencore will make an additional payment to Century for each such pound of Other Slab in the positive amount (if any) equal to:
(A) *[Redacted]*% of
(B) the amount of the Customer Premium for such Other Slab minus the sum of (1)  Glencore’s Reimbursable Costs and (2) Century’s Additional Casting Costs.

-18-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

(f)    Commercially Reasonable Efforts.  Glencore will use commercially reasonable efforts to sell all Slab at the highest Customer Premium possible *[Redacted]*.
9.    P0506A Aluminum.  
(a)    Take or Pay.  Pursuant to the Take or Pay Commitment, Glencore will purchase all P0506A Aluminum produced at the Century North America Facilities during the 2015 and 2016 Contract Years.  
(b)    Committed Quantities.  There will be *[Redacted]* Committed Quantities for P0506A Aluminum in any Contract Year.
(c)    Fixed Premium Payments for P0506A Aluminum.  For each pound of P0506A Aluminum delivered to Glencore for which a Fixed Premium has been determined in accordance with Section 3(b)(ii) (“Fixed Premium P0506A Aluminum”), Glencore will make a fixed payment to Century in an amount equal to the sum of (1) the Metals Week US Transaction Price and (2) the applicable Fixed Premium.
(d)    Payments for Other P0506A Aluminum.
(iii)    Fixed Payment.  For each pound of P0506A Aluminum delivered by Century to Glencore other than Fixed Premium P0506A Aluminum (“Other P0506A Aluminum), Glencore will make a fixed payment to Century equal to the sum of (1) the Metals Week US Transaction Price and (2) a shape premium of *[Redacted]* for ingot (if ordered by Glencore). 
(iv)    Additional Payment.  Following the final sale of any Other P0506A Aluminum to Customers by Glencore, Glencore will make an additional payment to Century for each such pound of Other P0506A Aluminum in the positive amount (if any) equal to:
(A) *[Redacted]*% of

-19-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

(B) the amount of the Customer Premium for such Other P0506A Aluminum minus the sum of (1) Glencore’s Reimbursable Costs and  (2) the amount of any shape premium paid by Glencore pursuant to Section 9(d)(i)(2).
10.    Other Aluminum.   
(a)    Take or Pay.  Pursuant to the Take or Pay Commitment, Glencore will purchase all Other Aluminum produced at the Century North America Facilities during the 2015 and 2016 Contract Years. 
(b)    Committed Quantities.  There will be *[Redacted]* Committed Quantities for Other Aluminum in any Contract Year.
(c)    Payment for Other Aluminum.  Glencore will make a single payment to Century for each pound of Other Aluminum delivered to Glencore in an amount equal to (i) the Metals Week US Transaction Price, (ii) less freight discounts of *[Redacted]* for Other Aluminum produced at the Sebree Facility, *[Redacted]* for Other Aluminum, produced at the Hawesville Facility and *[Redacted]* for Other Aluminum produced at the Mt. Holly Facility, (iii) plus a premium of *[Redacted]* for P0610A Aluminum which is (A) included in Century’s forecasted annual production as set forth on Exhibit D (as such forecast may be updated for Contract Year 2016), provided that no such premium will be due for quantities of P0610A purchased by Glencore hereunder in excess of *[Redacted]* in any month or (B) ordered by Glencore in excess of Century’s forecasted annual production as set forth on Exhibit D (as such forecast may be updated for Contract Year 2016), (iv) less a discount for Offgrade Aluminum as agreed by the Parties from time to time.  No further payments for Other Aluminum will be due.  For the avoidance of doubt, any Other Aluminum cast in Small Form shall be sold at the prices 

-20-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

set forth in Section 6 and will satisfy Glencore’s obligation to purchase the HDC/Small Form Committed Quantities on a pound for pound basis.
11.    Recycled Aluminum and Scrap Aluminum.  Century will be responsible for the sale of all Recycled Aluminum and Scrap Aluminum.  Century and Glencore may agree for Century to sell and Glencore to purchase Recycled Aluminum or Scrap Aluminum from time to time at such prices and other terms and conditions as are agreed by Century and Glencore.
12.    Molten Aluminum.  *[Redacted]*.
13.    High Conductivity Sow.  
(a)    Take or Pay.  Pursuant to the Take or Pay Commitment, Glencore will purchase *[Redacted]* per Contract Year of Aluminum in high conductivity sow form (“High Conductivity Sow”) produced by Century at the Hawesville Facility in the 2015 Contract Year *[Redacted]*.
(b)    Committed Quantities.  There will be *[Redacted]* Committed Quantities for High Conductivity Sow in any Contract Year.
(c)    Fixed Premium Payments for High Conductivity Sow.  For any High Conductivity Sow for which a Fixed Premium has been determined in accordance with Section 3(b)(ii) (“Fixed Premium High Conductivity Sow”), Glencore will make a fixed payment to Century for each pound of Fixed Premium High Conductivity Sow delivered to Glencore in an amount equal to the sum of (1) the Metals Week US Transaction Price and (2) the applicable Fixed Premium.

-21-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

(d)    Payments for Other High Conductivity Sow.
(i)    Fixed Payment.  For each pound of High Conductivity Sow delivered by Century to Glencore other than Fixed Premium High Conductivity Sow (“Other High Conductivity Sow”), Glencore will make a fixed payment to Century equal to the Metals Week US Transaction Price *[Redacted]*. 
(ii)    Additional Payment.  Following the final sale of any Other High Conductivity Sow to Customers by Glencore, Glencore will make an additional payment to Century for each such pound of Other High Conductivity Sow in the positive amount (if any) equal to:
(A) *[Redacted]*% of
(B) the amount of the Customer Premium for such Other High Conductivity Sow minus Glencore’s Reimbursable Costs.
14.    Monthly Orders.  Prior to each Contract Year, Century shall provide Glencore with Century’s forecasted production at each Century North American Facility for such Contract Year.  *[Redacted]*.  Century will use its commercially reasonable best efforts to produce Aluminum in conformance with each such forecasted annual production.  Century shall regularly update Glencore on its expected monthly production at each Century North American Facility.  Based upon the foregoing, on or before the 15th day of the month preceding the month of production, Glencore will declare to Century in writing the quantities of Aluminum in the alloys, grades, sizes and shapes that Glencore wishes Century to produce at each Century North American Facility (other than the Hawesville and Ravenswood Facilities) in the following month 

-22-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

(“Monthly Orders”).  Century will use its commercially reasonable best efforts to produce Aluminum in conformance with the Monthly Orders.  *[Redacted]*.   
15.    Invoicing; Payment.  Invoices for the fixed or single payments pursuant to Sections 4(c), 4(d)(i), 4(e)(i), 5(c), 5(d)(i), 6(c), 6(d)(i), 6(e)(i), 7(c), 7(d)(i), 7(e), 8(c), 8(d)(i), 8(e)(i), 9(c), 9(d)(i), 10(c), 13(c) and 13(d)(i) will be issued both (i) on a weekly basis on the first Business Day of each week for all Aluminum delivered to Glencore in the prior week and (ii) on the last day of each month if that day is not a Sunday.  Invoices related to all other payments required to be made hereunder, including additional payments pursuant to Sections 4(d)(ii), 4(e)(ii), 5(d)(ii), 6(d)(ii), 6(e)(ii), 7(d)(ii), 8(d)(ii), 8(e)(ii), 9(d)(ii) and 13(d)(ii) will be issued on a monthly basis.  Not later than two Business Days after receipt of an invoice from Century, Glencore will pay to Century the invoiced amounts.  Payment shall be made by wire transfer of immediately available Dollars to such bank account as Century may designate from time to time.  If a dispute arises involving the amount due under any invoice delivered hereunder, Glencore shall pay the undisputed portion of such invoice in accordance with this Section.  Interest shall accrue and be payable on any valid receivable that is overdue by more than seven days at an annual rate equal to the then-current One-Month London Interbank Offered Rate (LIBOR), which appears on the Reuters Screen LIBOR01 Page on the date such invoice was due, plus *[Redacted]* prorated for the number of days past due.
16.    Glencore Sales.  Glencore will use commercially reasonable efforts to sell all Aluminum purchased hereunder at the highest possible Customer Premium.  *[Redacted]*.  This Section 16 will not apply to any agreements which have been entered into between Glencore and its customers prior to the date of this Agreement.

-23-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

17.    Transparency.  Within five Business Days after the end of each calendar month, Glencore will provide Century with a spreadsheet showing the applicable premium sharing calculations for resales of Century-Produced Aluminum by Glencore in the previous month.  Either Century or Glencore will have the right to require one audit in each Contract Year of the other’s relevant books, records and contract documentation for purposes of evaluating compliance with the terms of this Agreement.  Each of Century and Glencore may select the appropriate person(s) or firm of its own choosing to perform such an audit, which costs will be paid by the Party that requested the audit.  Century may also conduct spot audits of up to three contracts per month (of Century’s choice) for sales of Century‐Produced Aluminum by Glencore to Customers in order to verify the costs of performing such contracts and Glencore’s profit share calculations.  Any such spot audits will be conducted by Century at Century’s cost.  The Parties will also consult regularly (but not less frequently than monthly), and make adjustments to the extent necessary or appropriate, regarding the administration and performance of this Agreement.  Glencore will provide Century with the destination for all Century‐Produced Aluminum sold by Glencore to Customers such that Century can determine the appropriate tax impact, if any, to each of its Affiliates.  Glencore will provide Century with resale certificates for all Century‐Produced Aluminum sold by Glencore to Customers.
18.    Delivery.  Unless otherwise agreed, all Aluminum except Molten Aluminum sold to Glencore hereunder (including Aluminum stored by Century for Glencore hereunder) shall be delivered EXW at the applicable Century North America Facility as evenly spread as practicable throughout the contractual month of delivery.

-24-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

19.    Weights and Analysis.  Aluminum to be delivered by Century to Glencore shall be sampled and weighed by Century or its designee, and a certificate of such analysis shall accompany each shipment.  Weights and analyses so made shall be deemed to be correct, but Glencore shall have the right to verify through an independent surveyor appointed by Glencore, at Glencore’s expense, within sixty days after Glencore’s customer(s) shall have received such Aluminum, any such weight or analysis.  In the event of any material disagreement by Glencore with Century’s analysis or weight determination, Century and Glencore shall promptly meet and confer in good faith to reach agreement or, absent such agreement, to appoint a mutually agreed independent surveyor whose findings shall be final.  Any mistake shall be promptly corrected by Century or Glencore, as the case may be.  Nothing contained in this Section 19 shall limit or otherwise affect Glencore’s right of rejection set forth in Section 21.
20.    Title and Risk of Loss.  Ownership, title, risk of loss or damage, and right of possession with respect to any and all Aluminum (other than Molten Aluminum) to be purchased by Glencore hereunder will pass to Glencore immediately when production is complete and such Aluminum is transferred into Glencore’s inventory.  Ownership, title, risk of loss or damage, and right of possession with respect to any and all Molten Aluminum to be purchased by Glencore hereunder will pass to Glencore immediately before such Molten Aluminum is sold and delivered to the Customer. 
21.    Quality.  Aluminum sold to Glencore hereunder shall meet the Specifications set forth on Exhibit B hereto for each Century North America Facility, and shall be subject to rejection by Glencore if it does not meet the Specifications.  Should Glencore or its Customer elect to reject any Aluminum sold hereunder for failure to meet the Specifications, 

-25-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

Century shall, at Century’s option, (i) instruct Glencore to return such rejected Aluminum and Century shall ship replacement Aluminum (both at Century’s cost), or (ii) pay damages to Glencore with respect to such rejected Aluminum to compensate Glencore for any actual losses or damages incurred.  All Aluminum sold to Glencore hereunder shall remain subject to Glencore’s inspection and rejection rights notwithstanding any prior payment made therefore by Glencore.  If a Glencore Customer cancels or rejects any order of Century‐Produced Aluminum as a result of quality claims the Committed Quantities and/or the applicable agreed mixes of alloys, grades, forms and shapes of Aluminum for the applicable product may be reduced by Glencore in an equal amount.  EXCEPT AS EXPRESSLY PROVIDED IN THIS SECTION 21, CENTURY MAKES NO REPRESENTATION OR WARRANTY AS TO THE ALUMINUM TO BE SOLD BY CENTURY TO GLENCORE HEREUNDER, AND CENTURY HEREBY DISCLAIMS ANY IMPLIED WARRANTIES OF MERCHANTABILITY, USAGE OR FITNESS FOR ANY PARTICULAR PURPOSE.  Glencore's sole and exclusive remedies for breach of warranty shall be as set forth in this Section 21, provided that the foregoing clause shall not limit any remedies or claims that Glencore may have hereunder or under applicable law which is not based upon a breach of warranty.
22.    Force Majeure.  
(a)    If, and to the extent, the performance of this Agreement by a Party (other than the giving of any notice required to be given or payment of monies due under this Agreement) is delayed, interrupted or prevented by reason of any labor dispute (including lockouts), accident, fire, explosion, flood, war (declared or undeclared), hostilities, riots, rebellion, blockade, or acts of any governments or any subdivisions or agencies thereof, acts of 

-26-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

God, inability to secure or delay in securing machinery, equipment, materials, supplies, transportation, transportation facilities, fuel or power or any other cause whether or not of the nature or character specifically enumerated above which is beyond the reasonable control of such Party (“Force Majeure”) (i) such Party shall be excused, to such extent, from the performance of this Agreement (other than giving of any notice required to be given or payment of monies due under this Agreement) while and to the extent that such Party is delayed, interrupted or prevented from so performing by Force Majeure, and (ii) the performance of this Agreement (or the applicable portion thereof) shall be resumed as soon as practicable after such Force Majeure is removed.
(b)    Either Century or Glencore shall give notice to the other as soon as practicable after the occurrence of Force Majeure affecting it, and insofar as known, the probable extent to which such Party will be unable to perform or be delayed in performing its obligations.  The Party claiming Force Majeure shall exercise due diligence to eliminate or remedy any such causes delaying and interrupting its performance and shall give the other Parties prompt written notice when that has been accomplished.
(c)    In the event a Force Majeure is declared hereunder:
(i)    Aluminum delivered hereunder after the termination of Force Majeure shall be priced, until such deliveries equal the amount of Aluminum affected by the Force Majeure, at the non-declaring Party’s option (which such Party shall declare to the other promptly after the affected Party’s notice of the termination of the Force Majeure), at a price equal to (x) the previously-determined price(s) for such quantity of Aluminum or (y) at a price, in the case of the first calendar month of resumed deliveries,  determined by using a quotational  

-27-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

period equal to such month, and in the case of the second calendar month of resumed deliveries by using a quotational  period of the first calendar month of resumed deliveries.
(ii)    the term of this Agreement shall be extended by a period of time equal to the duration of the Force Majeure, and Aluminum delivered during the extension shall be priced in accordance with the terms of this Agreement.
(iii)    The parties will discuss in good faith equitable adjustments to the pricing of any quantities of Aluminum affected by Force Majeure which have been partially priced or for any partial period.
23.    Storage and Loading. 
(a)    Unless directed otherwise by Glencore and subject to maximum storage levels to be agreed by the Parties, Century shall store all Century-Produced Aluminum purchased by Glencore hereunder at the Century North America Facility where such Aluminum was produced.  Such storage, depending upon the product and subject to the storage capacity available to Century, may be open or enclosed, as agreed upon by the Parties.  Any and all Aluminum stored by Century for Glencore shall be segregated and marked or posted in a manner reasonably acceptable to Glencore to clearly indicate that it is the property of Glencore.  
(b)    After consulting with Century regarding the specifics of the project, Glencore will advance to Century the cost to increase the storage capacity at the Sebree Facility to safely and efficiently store five weeks’ worth of production capacity at planned production levels of *[Redacted]*.  Century will repay *[Redacted]*% of the construction cost of such additional storage if the term of this Agreement is not extended through December 31, 2017, unless Glencore chooses not to extend the term (in such event, no repayment by Century will be 

-28-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

required).  Glencore and Century will meet at convenient times to assess current storage capacity at each of the Century North America Facilities with the goal of optimizing existing storage capacity and ensuring that the quality of stored Aluminum can be safely and efficiently maintained.
(c)    The following storage charges will be paid by Glencore to Century for Aluminum stored by Glencore at the following Century North America Facilities and such storage charges will not be included in Glencore’s Reimbursable Costs:
Hawesville Facility
*[Redacted]*
Sebree Facility
*[Redacted]*
Mt. Holly Facility
*[Redacted]*
Any Aluminum stored by Glencore at the Mt. Holly Facility for longer than six months will incur storage charges of *[Redacted]* for the additional time period.  There will be no storage charges incurred for Aluminum stored by Glencore at the Mt. Holly Facility from the 15th day through the last day of any calendar month if such Aluminum was produced and made available to Glencore during such time period, but if such Aluminum remains in storage after the last day of such calendar month, storage charges will accrue thereafter as provided above.  As soon as practicable following the date of this Agreement, Century and Glencore will negotiate in good 

-29-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

faith adjustment(s) to the aforementioned storage costs to reflect Century’s actual storage costs and to agree upon maximum storage levels at each Century North American Facility.
(d)    At Glencore’s direction, Century shall load all Century-Produced Aluminum purchased by Glencore onto Glencore’s designated mode of transportation.  
24.    Title to Stored Property.  
(a)    Century acknowledges and agrees that by the execution of this Agreement it does not have nor will it obtain any title to any Stored Property or any proceeds thereof or legal or equitable interest therein except for its right to possession, as a bailee, for the purpose of storage in accordance with this Agreement.
(b)    Century covenants that all Stored Property shall be at all times free and clear of any lien, charge or encumbrance of any nature whatsoever excluding only those liens created by or attributable to Glencore in favor of persons other than Century.
(c)    Century shall maintain accurate, detailed and current inventory records in respect of the quantities, types and locations of all Stored Property and shall provide to Glencore a provisional electronic statement of such quantities, types and locations within two Business Days after the end of each month and a final such statement within seven Business Days after the end of each month.  Glencore shall have the right, exercisable directly or through its regular independent public accountants or other representatives, and at its own risk and expense, to verify each such inventory of Stored Property during the ordinary business office hours of the applicable Century North America Facility, upon 24 hours’ prior notice.

-30-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

(d)    Upon Glencore’s reasonable request, Century shall furnish to Glencore a holding certificate covering the Stored Property. Any such holding certificate shall be in the form of Exhibit C hereto.
(e)    Century hereby grants and continues to grant a security interest in favor of Glencore in and to all Stored Property held for Glencore hereunder.  Such grant of a security interest is intended by Century and Glencore to be solely as a precaution against the holding by any court of applicable jurisdiction (notwithstanding the intention of the Parties) that Glencore is not the owner of the Stored Property.  Century agrees that Glencore may from time to time file appropriate UCC financing statements in respect of the security interest granted hereby, and further agrees to take such other steps as are reasonably requested by Glencore to perfect such security interest.
(f)    Nothing in this Section 24 shall be deemed to affect Century’s rights under applicable law in the event of nonpayment by Glencore.
25.    Plant Performance; Technical Support.  The Parties will consult regularly regarding (i) optimizing production rates, potential new products, reducing costs, the sales and marketing process and maximizing profits to each of the Parties, (ii) procedures for placing orders, scheduling deliveries, reporting, record keeping and giving notices to each other.  Glencore will allow Century representatives to reasonably participate in the marketing process of any Aluminum covered hereunder, provided that, for the avoidance of doubt, all pricing decisions with Customers shall be made by Glencore in its sole discretion.  Glencore shall provide Century with a monthly marketing report, summarizing any sales made in the previous month and providing a general market update.  Century will provide regular technical support to 

-31-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

Glencore, and to Glencore’s customers (if requested by Glencore), and the Parties agree that such technical support is critical to the successful performance of this Agreement.  Upon notification from Glencore of any Century failure to provide adequate technical support, Century’s Senior Vice President of North American Operations (or any successor) shall meet with Glencore in good faith to discuss such alleged inadequacy and promptly take such steps as necessary to remedy such inadequacy in good faith.  Century will maintain adequate inventory control procedures and will provide rolling production and delivery schedules to Glencore.  If Century is unable to meet its production and delivery schedules in any material respect and such failure result in cancellation or reduction of orders from Customers or Glencore’s inability to market and sell the expected quantities of Century‐Produced Aluminum affected by such failure to its Customers as contemplated hereunder, Glencore will have the right to reduce, in an equal amount, the affected Committed Quantities and/or mixes of alloys, grades, forms and shapes which it has agreed to purchase hereunder.
26.    Equipment and Access.  Century will maintain its current casting machinery and equipment, including, but not limited to, casting tables, homogenization ovens, stacking and bundling equipment, saws and sampling and testing equipment, in each case so as to ensure that it is able to produce the quantities and mixes of Aluminum products contemplated to be sold to Glencore pursuant to this Agreement.  Century and Glencore will regularly discuss in good faith any improvements and investments in tooling, molds or other casting equipment that may be necessary to keep Century competitive in the Billet, Slab or Small Form markets.  Century will maintain adequate rail access to each of the Century North America Facilities that is producing Aluminum contemplated to be sold to Glencore pursuant to this Agreement.  

-32-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

27.    Trade Names; Trademarks.  Each Party hereby acknowledges that it does not have, and will not acquire, any interest in any of the other Party's trademarks, trade names, and/or trade dress unless otherwise expressly agreed in a writing executed by the Parties. 
28.    Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York.  The provisions of the United Nations Convention on Contracts for the International Sale of Goods shall not apply.  Any controversy or claim arising out of or relating to this Agreement, or any breach thereof, shall be settled by arbitration administered by the American Arbitration Association in New York City under its Commercial Arbitration Rules.  Each of Century and Glencore shall select one arbitrator and the two selected arbitrators shall select a third to complete the panel.  If the two selected arbitrators cannot agree upon a third arbitrator, the American Arbitration Association shall appoint the third arbitrator.  The determination of the arbitrators shall be final and binding on the Parties. Judgment on the award rendered by the arbitrators may be entered in any court having jurisdiction over the Party (or its assets) against whom such judgment is sought to be entered or enforced.  
29.    Bankruptcy.  This Agreement will terminate automatically if any Party ceases business, becomes insolvent or the subject of a proceeding under the U.S. Bankruptcy Code or other debtors’ relief law of any state or country (and such proceeding is not dismissed within sixty days in the case of an involuntary proceeding), or makes an assignment, agreement or composition with its creditors generally or suffers distress or process of execution to be levied on substantially all of its property or goes into liquidation.

-33-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

30.    Termination.  This Agreement may be terminated prior to expiration of its term:
(a)    by mutual agreement of the Century and Glencore;
(b)    by Century or by Glencore, in either case if the terminating Party is not in default hereunder and the other Party shall have breached any material term or condition of this Agreement or failed to perform any of its material obligations under this Agreement and such breach or failure continues unremedied for thirty days after notice thereof by the non-defaulting Party (or ten days after notice thereof if such default is a default of a payment obligation); or
(c)    automatically pursuant to Section 29 hereof.
31.    Notices.  All notices or communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given when received or when transmitted by confirmed facsimile or email if sent to the address, facsimile number or email below:
		
	If to Glencore:
	Glencore Ltd.

Three Stamford Plaza
301 Tresser Boulevard
Stamford, Connecticut 06901
Attention:  Aluminum/Alumina Department
		
	Email:
	patrick.wilson@glencore-us.com 
sylvia.malone@glencore-us.com 
matthew.douglas@glencore-us.com

If to Century:        Century Aluminum Company
One South Wacker Drive
Suite 1000
Chicago, IL 60606
Attention:  Sales 
Email: erich.squire@centuryaluminum.com

-34-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

With a copy to:
Century Aluminum Company
One South Wacker Drive
Suite 1000
Chicago, IL 60606
Attention:  General Counsel
Email:  generalcounsel@centuryaluminum.com
32.    Assignment.  Century may assign this Agreement and any of its rights hereunder to one or more of its secured lenders as collateral.  Century or Glencore may assign this Agreement to any Affiliate of such Party so long as the assignee remains an Affiliate of such Party and provided that Century or Glencore as the case may be shall remain liable for all obligations of the assignee hereunder.  Except for the foregoing permitted assignments or as contemplated by Section 33, no Party shall assign this Agreement or any rights or duties hereunder without the written consent of each of the other Parties, and any purported assignment without such written consent shall be null and void.
33.    Sale of a Century North America Facility.  In the event of a sale to a Non-Affiliate of Century Parent of all or substantially all of the assets of any Century North America Facility or the equity of the owner of such facility (such facility being a “Sold Facility”), the purchaser shall assume the obligation to sell the aluminum production of such facility to Glencore pursuant to the terms of this Agreement (i) through the end of the calendar year in which the Sold Facility was transferred to a Non-Affiliate and (ii) such longer period to the extent necessary to fulfill any outstanding Glencore commitments to its Customers  with respect to Aluminum to be purchased from Century hereunder.

-35-

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

34.    Severability.  If any provision of this Agreement is determined by a court of competent jurisdiction to be null and void or unenforceable, the remaining provisions of this Agreement shall remain in full force and effect and the Agreement shall be construed to give effect to the intent of the Parties.
35.    Waiver.  No Party shall be deemed to have waived any right, power or privilege under this Agreement unless such waiver is in writing and duly executed by it.  No failure or delay in exercising any right hereunder shall be deemed a waiver thereof by any Party.  No exercise or partial exercise of any right, power or privilege shall preclude any other or further exercise thereof or of any other right, power or privilege.
36.    Entire Agreement.  This Agreement, including the Exhibits hereto, is the exclusive and complete agreement among the Parties relating to the subject matter hereof, sets forth their entire understanding and supersedes all prior writings, representations, and understandings among the Parties.  This Agreement may be amended only by a writing duly signed by each of the Parties.
37.    Headings.  The headings used in this Agreement are intended for guidance only and will not be considered part of the written understanding between the Parties.
38.    Limitation of Damages.  No Party shall be liable for special, punitive or consequential damages (including loss of profits and loss of production) resulting from a breach of warranty, delay of performance or other default hereunder.
39.    Confidentiality.  Each of the Parties shall, and shall cause its agents, employees, officers, directors and professional advisors (collectively, “Representatives”) and its Affiliates to keep confidential, disclose only to its Affiliates or Representatives, and use only in 

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

connection with the performance of this Agreement (and for no other purpose), the terms of this Agreement and all information and data obtained by them from the other Parties or their Affiliates or Representatives relating to such other Parties or their Affiliates, (other than information or data that is or becomes available to the public other than as a result of a breach of this Section 39 or otherwise has not been provided under an obligation of confidentiality in connection herewith), unless disclosure of such information or data is required by applicable law or in connection with filings with a governmental authority.  If such disclosure is required by applicable law or made in connection with filings with a governmental authority, to the extent possible, the disclosing Party shall provide prior notice of such disclosure to the non-disclosing Parties and shall consult with the non-disclosing Parties with respect to any such disclosure.  Upon termination of this Agreement, each Party shall, and shall use its commercially reasonable efforts to cause its Affiliates and Representatives to, promptly return to the other Parties, or destroy, all documents (including all copies thereof) containing any such information or data, and each Party shall, and shall cause its respective Affiliates and Representatives to, comply with such Party’s obligations under this Agreement in accordance with its terms.
40.    Guarantees.  Century Parent and Glencore Funding LLC have entered into guarantees of the obligations of NSA, Sebree, CASC and CAWV hereunder, in the case of Century Parent, and the obligations of Glencore hereunder, in the case of Glencore Funding LLC.
41.    Counterparts.  This Agreement and any amendments hereto may be executed in any number of counterparts, each of which will be deemed an original, but all of 

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

which together will constitute one and same instrument. Each counterpart may consist of a number of copies thereof each signed by less than all, but together signed by all, of the Parties. 

[SIGNATURE PAGES FOLLOW]

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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

IN WITNESS WHEREOF, the Parties have signed this Agreement as of the day and year first written above.
CENTURY ALUMINUM COMPANY
By:    /s/ Jesse E. Gary                
Name:    Jesse E. Gary
Title:     Executive Vice President
NSA GENERAL PARTNERSHIP
By:    /s/ Jesse E. Gary                
Name:    Jesse E. Gary
Title:     President
CENTURY ALUMINUM SEBREE LLC
By:    /s/ Jesse E. Gary                
Name:    Jesse E. Gary
Title:     President
CENTURY ALUMINUM OF SOUTH CAROLINA, INC.
By:    /s/ Jesse E. Gary                
Name:    Jesse E. Gary
Title:     President
CENTURY ALUMINUM OF WEST VIRGINIA, INC.
By:    /s/ Jesse E. Gary                
Name:    Jesse E. Gary
Title:     President

[SIGNATURE PAGE TO ALUMINUM PURCHASE AGREEMENT]
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CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR THE REDACTED PORTIONS OF THIS EXHIBIT.  THE REDACTIONS ARE INDICATED WITH “*[Redacted]*”.  A COMPLETE VERSION OF THIS AGREEMENT AND EXHIBIT HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION.

GLENCORE LTD.
By:    /s/ Patrick J. Wilson                
Name: Patrick J. Wilson
Title:     Authorized Signatory

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