Document:

EX-10.16

 EXHIBIT 10.16 

RECEIVABLES PURCHASE AGREEMENT 
 This
RECEIVABLES PURCHASE AGREEMENT (as it may be amended, modified or supplemented from time to time, this “Agreement”) is made as of March 23, 2015, between Wise Alloys Funding LLC, a Delaware limited liability company, in its
capacity as seller hereunder (“Seller”), Wise Alloys LLC, a Delaware limited liability company, in its capacity as servicer hereunder (“Servicer”), and HSBC Bank USA, National Association
(“Purchaser”). 
 RECITALS 

WHEREAS, Seller has purchased certain accounts receivable related to each account debtor listed on Schedule 1 hereto (each an
“Account Debtor” and, collectively, the “Account Debtors”) and is the legal and beneficial owner of Receivables (as hereinafter defined) payable by each such Account Debtor; and 

WHEREAS, Seller desires to sell certain Receivables to Purchaser, and Purchaser is willing to purchase from Seller such Receivables, in which
case the terms set forth herein shall apply to such purchase and sale. 
 THEREFORE, for good and valuable consideration, the sufficiency of
which is hereby acknowledged, the parties hereto agree as follows: 
 1. DEFINITIONS. Certain capitalized terms used in this
Agreement shall have the meanings given to those terms in Exhibit A attached hereto and thereby incorporated herein. 
 2.
SALE AND PURCHASE. 
 (a) Sale. Commencing on the date hereof and ending on the Purchase Termination Date, Seller may from
time to time make an offer to sell to Purchaser certain Proposed Receivables by submitting to Purchaser a request substantially in the form of Exhibit B hereto at least three Business Days prior to any purchase hereunder (a
“Purchase Request”), and Purchaser agrees, subject to the requirements for purchase and all of the terms and conditions therefor set forth herein (including the conditions precedent set forth in Section 2(c)), to
purchase from Seller the Proposed Receivables identified in such Purchase Request. Subject to the satisfaction of the conditions precedent set forth in Section 2(c) hereof, Purchaser shall and hereby does purchase from Seller, and Seller
shall and hereby does sell to Purchaser, without representation, warranty, covenant or recourse except as expressly provided herein, all of Seller’s right, title and interest in such Proposed Receivables and all Related Rights with respect
thereto as of the applicable Purchase Date (all such Proposed Receivables together with such Related Rights, once sold and purchased hereunder, being referred to, collectively, as the “Purchased Receivables”). The Seller shall not
request and Purchaser shall not be required to fund more than one (1) purchase per week. No single request for purchase hereunder shall be for an amount less than $250,000. 

(b) Term. This Agreement shall continue in effect until the Purchase Termination Date, provided that Purchaser shall have the
right to terminate this Agreement at any time (i) upon fifteen (15) days’ prior written notice to Seller in the event that Purchaser is legally prohibited under applicable law or any rule or regulation applicable to Purchaser from
being a party to this Agreement or consummate the transactions contemplated hereunder or (ii) as provided in paragraphs (b), (c) and (d) of Section 7 below; provided further, that Seller
shall have the rights to terminate this Agreement as provided in the last sentence of Section 7(d) below. Termination shall not affect the rights and obligations of the parties with respect to Purchased Receivables sold hereunder prior
to the Purchase Termination Date or are expressed to survive termination hereof. Notwithstanding the foregoing, so long as no Termination Event 

 
or Unmatured Termination Event has occurred and is continuing, Seller may provide a written request to Purchaser no less than 90 day prior to the then existing Purchase Termination Date of its
desire to extend the then current Purchase Termination Date and Purchaser shall notify Seller within 60 days of the then existing Purchase Termination Date whether it has elected and agreed (in its sole discretion) to extend such Purchase
Termination Date for a period not longer than an additional term of 364 days from the date of such election by the Purchaser. 
 (c)
Conditions Precedent. Each purchase of Proposed Receivables described in a Purchase Request is subject to the satisfaction of the following conditions prior to (and, if applicable, after giving effect to) the proposed Purchase Date, all to
the reasonable satisfaction of Purchaser: 
 (i) No event has occurred and is continuing, or would result from such purchase that
constitutes a Termination Event or an Unmatured Termination Event; 
 (ii) No Material Adverse Change has occurred since the last purchase
of Receivables under this Agreement with respect to Seller, Parent, Originator or Servicer; 
 (iii) The Servicer has delivered the most
recent Servicer Report required to be delivered by it hereunder; 
 (iv) (A) There are no amounts then due and owing by the Seller or
the Originator to the Account Debtor in respect of any Purchased Receivable (including, without limitation, in relation to any adjustments or settlements related to any preliminary invoices, based on any agreements with respect thereto between the
Seller or the Originator and the Account Debtor) and (B) the Offset Condition shall be satisfied before and after giving effect to the purchase of such Proposed Receivables; 

(v) The Sale Agreement remains in full force and effect and no Termination Event of Unmatured Termination Event has occurred and is
continuing thereunder; 
 (vi) Purchaser shall have received at least three Business Days prior to any purchase (A) a Purchase Request
with respect to the Proposed Receivables, (B) all invoice(s) issued to the Account Debtor that is an obligor on any such Proposed Receivables and related to the Contracts for such Proposed Receivables, and (C) such additional supporting
documentation that Purchaser may have reasonably requested; 
 (vii) The representations and warranties contained in this Agreement and the
Purchase Request shall be true and correct (subject to any applicable materiality qualification to the extent expressly set forth in any particular representation or warranty) on and as of such Purchase Date; 

(viii) Seller, Servicer and Parent shall be in compliance (subject to any applicable materiality qualification to the extent expressly set
forth in any particular covenant or other provision) with each term, covenant and other provision of this Agreement applicable to Seller, Servicer or Parent, as applicable; 

(ix) No Event of Repurchase shall then exist, unless Seller has repurchased and paid (or is paying on such proposed Purchase Date and
Purchaser is satisfied that Seller will be paying on such proposed Purchased Date in cash), the full amount of the Repurchase Price (or the amount subject to Dispute or Dilution, to the extent provided pursuant to Section 7 hereof) for
the affected Purchased Receivables pursuant to the terms of Section 7 hereof; 

  
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 (x) Following the sale and purchase of the Proposed Receivables set forth in the related
Purchase Request, the Outstanding Aggregate Purchase Amount for all Purchased Receivables shall not exceed the Facility Amount; 
 (xi)
(A) No Account Debtor Insolvency Event shall have occurred with respect to any Account Debtor obligated on the Proposed Receivables described in such Purchase Request, and no Insolvency Event with respect to Seller, Servicer or Parent shall
have occurred and (B) neither Moody’s nor Standard & Poor’s shall have rated or downgraded Anheuser-Busch InBev SA/NV from its current rating to a rating below Baa3 (in the case or Moody’s) or below BBB- (in the case of
Standard & Poor’s); 
 (xii) Purchaser shall have received payment of all Commitment Fees due and payable under
Section 2(e) and all other amounts due under this Agreement at such time; and 
 (xiii) On the initial Purchase Date, Purchaser
shall have received each of the following documents, each dated such date and in form and substance satisfactory to Purchaser: 
 (A)
Executed counterparts of this Agreement and each of the other Transaction Documents by the parties thereof; 
 (B) Purchaser shall have
received evidence satisfactory to it that Seller shall have established the Collection Account and Purchaser shall have control over such account as herein provided; 

(C) A certificate of each of the Secretary or Assistant Secretary of Seller, Servicer and the Parent certifying the names and true signatures
of the incumbent officers authorized on behalf of such Person to execute and deliver this Agreement, each Purchase Request, the other Transaction Documents and any other documents to be executed or delivered by it hereunder, together with its
Organizational Documents and board resolutions, evidencing necessary organizational action and governmental approvals, if any, necessary for Seller, Servicer and Parent to execute, deliver and perform its obligations under this Agreement and the
other Transaction Documents. 
 (D) UCC, tax and judgment lien searches, bankruptcy and pending lawsuit searches or equivalent reports or
searches, each of a recent date listing all effective financing statements, lien notices or comparable documents that name Seller as debtor and that are filed in those state and county jurisdictions in which Seller is organized or maintains its
principal place of business or chief executive office and such other searches that Purchaser deems reasonably necessary or appropriate. 

(E) Acknowledgment copies of proper termination statements (Form UCC-3) and any other relevant filings necessary to evidence the release of
all security interests, ownership and other rights of any Person previously granted by Seller in the Proposed Receivables. 
 (F) Copies of
proper Uniform Commercial Code financing statements identifying Seller as “seller” and Purchaser as “buyer”, together with evidence that they have been duly filed on or before the initial Purchase Date in the correct filing
office under the Uniform Commercial Code of the jurisdiction in which seller is located for purposes of the UCC. 
 (G) A good standing
certificate for each of Seller, Servicer and Parent from its respective jurisdiction of organization. 

  
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 (H) A fully completed Seller Information Schedule in the form attached as Schedule 2,
containing certain factual information regarding Seller to the extent that such information was not previously delivered to Purchaser. 

(I) A duly executed Parent Guarantee, together with a secretary’s certificate of Parent and such other documentation relating to Parent
as Purchaser may request. 
 (J) A favorable legal opinion of counsel to each of Seller, Servicer and Parent covering enforceability,
general corporate matters, no conflicts and UCC matters, in form and substance satisfactory to Purchaser; 
 (K) A favorable “true
sale” opinion of counsel to Seller in form and substance satisfactory to Purchaser; 
 (L) A schedule of Receivables purchased by the
Purchaser from the Seller on each Purchase Date, as such schedule may be amended, modified, updated or supplemented from time to time as Receivables are purchased hereunder; and 

(M) All documents and other evidence that Purchaser requires for its know-your-customer and other compliance checks on Seller, Servicer,
Parent and each Account Debtor. 
 (d) Purchase Price. The purchase price for any Purchased Receivable purchased on any Purchase Date
(the “Purchase Price”) shall be determined on and as of the applicable Purchase Date (without any subsequent adjustment whether for late payment, credit rating deterioration or otherwise), shall be paid to Seller on the Purchase
Date and shall be equal to: 
 Purchase Price = A - (A x (B x ((C + D)/360)), where: 

 

					
	A		=		Net Invoice Amount
			
	B		=		Discount Rate
			
	C		=		Number of days between the Purchase Date and the Scheduled Payment Date (including the Purchase Date, but not including the Scheduled Payment Date
			
	D		=		Buffer Period.

 (e) Commitment Fee. 

The Seller shall pay to the Purchaser, a commitment fee (the “Commitment Fee”) in an amount equal to on the last business
day of each calendar quarter (commencing with the first payment to be made on March 31, 2015) and on the Purchase Termination Date, $5000 plus an amount calculated quarterly in arrears at a rate per annum (calculated on a 360-day
basis) determined in accordance with the commitment fee table set forth on Schedule 3 attached hereto, on the average unused portion of the Facility Amount. 

(f) True Sale; No Recourse. Except as otherwise provided in Section 7 hereof, each purchase of the Purchased Receivables is
made without recourse to Seller, and Seller shall have no liability to Purchaser and Purchaser shall be solely responsible for Account Debtor’s failure to pay any Purchased Receivable when it is due and payable under the terms applicable
thereto, including but not limited to as the result of an Account Debtor Insolvency Event, such assumption of credit risk being 

  
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effective as of the Purchase Date for such Purchased Receivables. Purchaser and Seller have structured the transactions contemplated by this Agreement as a sale, and Purchaser and Seller each
agree to treat each such transaction as a “true sale” for all purposes under applicable law and accounting principles, including, without limitation, in their respective books, records, computer files, tax returns (federal, state and
local), regulatory and governmental filings (and shall reflect such sale in their respective financial statements). Notwithstanding the intent of the parties hereunder, in the event that the transfers hereunder are recharacterized as other than a
sale from the Seller to the Purchaser, then in order to secure all of Seller’s obligations (monetary or otherwise) under this Agreement, whether now or hereafter existing or arising, due or to become due, direct or indirect, absolute or
contingent, Seller hereby grants to Purchaser a security interest in all of Seller’s right, title and interest (including any undivided interest of Seller) in, to and under all of the following, whether now or hereafter owned, existing or
arising: (i) all Purchased Receivables and all Related Rights with respect thereto, (ii) all Collections with respect to such Purchased Receivables, (iii) all accounts into which Collections may be deposited and all amounts on deposit
therein, (iv) all rights (but none of the obligations) of Seller under the Sale Agreement between Wise Alloys LLC and Seller, and (v) all proceeds of, and all amounts received or receivable under any or all of, the foregoing (collectively,
the “Sold Assets”). 
 3. REPRESENTATIONS AND WARRANTIES. Until the later of the Purchase Termination Date and the
last Invoice Due Date (subject to any provisions hereof which by their express terms survive termination, and subject to any specific representations which are expressly limited to a particular date or dates) Seller and, to the extent specifically
applicable to the Servicer below, the Servicer, in each case represents and warrants to Purchaser with respect to itself only that on the date hereof and on each Purchase Date, the representations and warranties set forth below are true and correct
(subject to any applicable materiality qualification to the extent expressly set forth in any particular representation or warranty below): 

(a) Proposed Receivables. 

(i) With respect to each transfer of Receivables hereunder, as of the date of the applicable Purchase Request and the related Purchase Date
for such Proposed Receivable, the information contained in the applicable Purchase Request in respect of such Proposed Receivable on the applicable Purchase Date is a true and correct list of the Account Debtor’s name, the purchase order
numbers, the invoice numbers, the Net Invoice Amount due in respect thereof and the Invoice Due Date, in each case, for each applicable Proposed Receivable that is the subject of such Purchase Request. As of the date of the applicable Purchase
Request and the related Purchase Date for such Proposed Receivable, (A) all information contained in each Purchase Request is accurate in all respect, (B) each invoice related to such Proposed Receivable submitted by Seller is accurate in
all respects as of its date, (C) Purchaser has received true and correct copies of all the relevant documentation relating to each of the Proposed Receivables requested by Purchaser, (D) none of the Proposed Receivables are currently
evidenced by “chattel paper” or “instruments” (as each such term is defined in Article 9 of the UCC) (E) each of the Proposed Receivables is in full force and effect and is the valid and binding obligation of the applicable
Account Debtor, enforceable in accordance with its terms, and constitutes the applicable Account Debtor’s legal, valid and binding obligation to pay to Seller the amount of the Purchased Receivables, subject to, as to enforceability,
bankruptcy, insolvency, reorganization, arrangement, moratorium and other laws of general applicability relating to or affecting creditors’ rights, (F) neither Seller nor any Account Debtor is in default in the performance of any of the
provisions of the documentation applicable to its transactions included within any Proposed Receivables, including any of the Contracts relating to such Proposed Receivables, (G) each Proposed Receivable and the Contract and sale terms related
thereto are not subject to any Dispute, whether arising out of the transactions contemplated by this Agreement or independently thereof and (H) Seller has delivered to the Account Debtor all property or performed all services required to be so
delivered or performed by the terms of the documentation giving rise to the Proposed Receivables. 

  
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 (ii) As of the date of the applicable Purchase Request and the related Purchase Date for the
Proposed Receivable, each Proposed Receivable listed in a Purchase Request is an Eligible Receivable and a bona fide payment obligation of the applicable Account Debtor identified in the applicable Invoice and due on the Invoice Due Date for such
Proposed Receivable. 
 (iii) Each Proposed Receivable (A) arises under a Contract between Originator and the applicable Account
Debtor, (B) does not require the applicable Account Debtor or any other Person to consent to the transfer, sale or assignment of Seller’s rights to payment under such agreement and (C) does not contain a confidentiality provision that
purports to restrict the ability of Purchaser to exercise its rights under this Agreement, including without limitation, its right to review such Contract. 

(iv) Seller is the legal and beneficial owner of each Proposed Receivable free and clear of any lien, encumbrance or security interest, and
upon each purchase of a Proposed Receivable, Purchaser shall acquire valid ownership of each Purchased Receivable and the Collections and Related Rights with respect thereto prior to all other Persons. 

(v) No sale or assignment hereunder constitutes a fraudulent transfer or conveyance under any United States federal or applicable state
bankruptcy or insolvency laws or is otherwise void or voidable under such or similar laws or principles or for any other reason. 
 (vi)
All Proposed Receivables were sold to the Seller (in the case of the Sale Agreement) and to Purchaser hereunder, as applicable, for fair consideration and reasonably equivalent value. 

(vii) No proceeds of any purchase will be used (i) for any purpose that violates any applicable law, rule or regulation, including
Regulations T, U or X of the Federal Reserve Board or (ii) to acquire any security in any transaction which is subject to Section 12, 13 or 14 of the Securities Exchange Act of 1934, as amended. 

(b) Seller. Seller is a limited liability company, duly formed, validly existing and in good standing under the laws of the State of
Delaware and is duly qualified to do business, and is in good standing, in every jurisdiction where the nature of its business requires it to be so qualified except where the failure to be so qualified would not have a material adverse effect on the
ability of Seller to fulfill its obligations hereunder or on the validity or enforceability of, or the rights, remedies or benefits available to Purchaser under this Agreement. Seller is not subject to any Insolvency Event. Seller was formed on
January 6, 2015 and Seller did not engage in any business activities prior to the date of this Agreement. Seller has no subsidiaries. 

(c) Servicer. Servicer is a limited liability company, duly formed, validly existing and in good standing under the laws of the State
of Delaware and is duly qualified to do business, and is in good standing, in every jurisdiction where the nature of its business requires it to be so qualified except where the failure to be so qualified would not have a material adverse effect on
the ability of Servicer to fulfill its obligations hereunder or on the validity or enforceability of, or the rights, remedies or benefits available to Purchaser under this Agreement. Servicer is not subject to any Insolvency Event. In addition to
any specific representations and warranties made by the Servicer herein, in its capacity as such, Servicer hereby makes all of the representations and warranties contained in the Sale Agreement whether in its capacity as Originator or Servicer
thereunder, incorporated herein by reference and as if expressly set forth in this Agreement. 

  
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 (d) No Conflict, etc. The execution, delivery and performance by Seller or Servicer (as
the case may be) of this Agreement, each Purchase Request and each other document to be delivered by Seller and Servicer hereunder, (i) are within its corporate or other organizational powers, (ii) have been duly authorized by all
necessary corporate or other organizational action, and (iii) do not contravene (A) its Organizational Documents, (B) any law, rule or regulation applicable to it, (C) any contractual restriction binding on or affecting it or its
property, or (D) any order, writ, judgment, award, injunction or decree binding on or affecting it or its property. The Agreement has been duly executed and delivered by Seller and Servicer. Each of Seller and Servicer have furnished to
Purchaser a true, correct and complete copy of its Organizational Documents, including all amendments thereto. 
 (e) Authorizations;
Filings. No authorization or approval or other action by, and no notice to or filing with, any governmental entity is required for the due execution, delivery and performance by Seller of this Agreement or any other document to be delivered
thereunder except for the filing of any Uniform Commercial Code financing statements as may be necessary to perfect the sale of Purchased Receivables pursuant to this Agreement and UCC-3 statements releasing existing liens on the Receivables. Other
than the Uniform Commercial Code financing statements to be released pursuant to the UCC-3s as aforementioned, no Uniform Commercial Code financing statement or other instrument similar in effect naming Seller as debtor or seller and covering any
Purchased Receivable is on file in any filing or recording office, except those filed in favor of Purchaser relating to this Agreement, and no competing notice of assignment or payment instruction or other notice inconsistent with the transactions
contemplated in this Agreement is in effect with respect to any Account Debtor. 
 (f) Enforceability. This Agreement constitutes the
legal, valid and binding obligation of Seller and Servicer, enforceable against Seller and Servicer, as applicable, in accordance with its terms, except as limited by bankruptcy, insolvency, moratorium, fraudulent conveyance or other laws relating
to the enforcement of creditors’ rights generally and general principles of equity (regardless of whether enforcement is sought at equity or law). 

(g) Litigation Matters. There is no pending (or, to its knowledge, threatened) action, proceeding, investigation or injunction, writ or
restraining order affecting Seller or Servicer before any court, governmental entity or arbitrator which could reasonably be expected to result in a Material Adverse Change, and neither Seller nor Servicer is currently the subject of, and has no
present intention of taking any action to commence, an Insolvency Event applicable to Seller or Servicer. 
 (h) Material Adverse
Change. There exists no event which has or is reasonably likely to result in a Material Adverse Change with respect to Seller, Servicer, Parent or the Ultimate Parent. 

(i) Change of Control. No Change of Control has occurred. 

(j) Liens. All Purchased Receivables are free and clear of any Adverse Claim in favor of the Internal Revenue Service, any employee
benefit plan, the PBGC or similar entity other than inchoate tax liens resulting from an assessment of Seller. 
 (k) Review. Each of
Seller and Servicer has discussed and reviewed this Agreement with its accountant, independent auditors, tax advisors and counsel and neither Seller nor Servicer is relying upon oral representations or statements or advice from the Purchaser. 

  
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 (l) Investment Company Act. Seller is not an “investment company,” or a company
“controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended. In determining that Seller is not a “covered fund”, Seller is entitled to rely on the exemption from the
definition of “investment company” set forth in Section 3(c)(5) of the Investment Company Act, and may be able to rely on other exemptions or exclusions. 

(m) [Intentionally Omitted]. 

(n) Tax Matters. Seller has filed all material tax returns and reports required by applicable law to have been filed by it and has paid
all material taxes, assessments and governmental charges thereby shown to be owing by it, other than any such taxes, assessments or charges that are being contested in good faith by appropriate proceedings and for which appropriate reserves have
been established. 
 (o) Accuracy of Information. All information, exhibits, financial statements, documents, books, records or other
reports furnished or to be furnished at any time by or on behalf of Seller or the Servicer to Purchaser in connection with the Agreement or any other Transaction Document is or will be complete and accurate in all material respects as of its date or
as of the date so furnished and, to the extent materially related to the information then being provided, does not and will not omit to state a fact necessary in order to make the information contained therein with respect to the transactions
contemplated by this Agreement, in light of the circumstances under which they were made, not misleading (it being understood that such information may not contain all of the information or disclosure which would be required for inclusion in a
registration statement for debt or equity securities issued by Seller). 
 (p) UCC Matters. 

(i) Seller’s “location” as such term is defined in the applicable UCC is its jurisdiction of organization specified in the
preamble to this Agreement, and the address or addresses at which it keeps its records concerning the Proposed Receivables is as set forth herein or otherwise identified to the Purchaser in writing. Such Person’s Federal Employee Identification
Number is in the case of Seller, 52-2139172. Purchaser has “control” (as defined in § 9-104 of the UCC) over the Collection Account. 

(ii) Seller’s complete corporate name is set forth in this Agreement, and it does not use and has not during the last five years used
any other corporate name, trade name, doing-business name or fictitious name, except for names set forth in a written notice delivered to Purchaser. 

(q) Money Laundering and Anti-Terrorism Laws; Etc. 

(i) Neither Seller nor any Affiliate of Seller nor, to the knowledge of Seller, any Account Debtor (i) is (A) is, or is owned or
controlled by, a Sanctioned Person; (B) is located, incorporated, organized, or resident in a Sanctioned Country; (C) has any business affiliation or commercial dealings with, or investments in, any Sanctioned Country or Sanctioned Person;
or (D) is in breach of or is the subject of any action or investigation under any Sanctions Laws or Anti-Money Laundering Laws. 

(ii) Seller and its Affiliates, and to the knowledge of Seller, each Account Debtor and each Affiliate of such Account Debtor (A) are in
compliance with Sanction Laws, the Trading with the Enemy Act, and each of the foreign assets control regulations of the United States Treasury 

  
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Department (31 CFR, Subtitle B Chapter V, as amended) and any other enabling legislation or executive order relating thereto, the anti-money laundering and bank secrecy provisions of the Patriot
Act, and other federal or state laws relating to “know your customer” and anti-money laundering rules and regulations and (B) have taken appropriate steps to implement policies and procedures reasonably designed to provide that there
will be no payments to any government official or employee, political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage in violation
of the U.S. Foreign Corrupt Practices Act of 1977. 
 4. COVENANTS. Until the later of the Purchase Termination Date and the last
Invoice Due Date (subject to any provisions hereof which by their express terms survive termination), Seller (and, to the extent specifically applicable to the Servicer below, the Servicer) agrees to perform the covenants set forth below solely as
to itself only: 
 (a) Notice of Disputes, Breaches of Contract, Account Debtor Insolvency Events, Etc. Seller shall deliver to
Purchaser a reasonably detailed written notice to Purchaser promptly and in any event within two (2) Business Days after becoming aware or receiving notice of (i) any Dispute asserted or threatened in respect of a Purchased Receivable,
(ii) any breach by the applicable Account Debtor of the Contract which might give rise to such Account Debtor failing to pay any invoice amount or give rise to any Dispute, (iii) any Account Debtor Insolvency Event occurring or with
respect to which Seller has received actual knowledge or notice that reasonably lead it to believe that such an Account Debtor Insolvency Event is reasonably likely to occur, or (iv) it becoming illegal for an Account Debtor to pay all or any
part of the invoice amount because of the imposition of any prohibition or restriction on such payments. 
 (b) Contracts; Purchased
Receivables. Seller, at its expense, shall timely and fully perform in all material respects with all terms, covenants and other provisions, if any, required to be performed by it under the Contracts related to the Purchased Receivables. The
Servicer shall enforce the Purchaser’s rights against each applicable Account Debtor under the Contracts related to the Purchased Receivables. 

(c) Perfection. Each of Seller and Servicer shall at all times take all action necessary or desirable to maintain in full force and
effect the security interests created under this Agreement free and clear of any Adverse Claim created or caused by or arising through or under Seller, Servicer or any of their Affiliates, or as a result of any act or omission of any such party.

 (d) Existence. Seller will (i) comply in all material respects with all applicable laws, rules, regulations and orders and
(ii) preserve and maintain its organizational existence, rights, franchises, qualifications, and privileges. Seller will keep its state of organization as the State of Delaware and principal place of business and chief executive office and the
office where it keeps its records concerning the Purchased Receivables at the address set forth in Section 12 hereof or, in each case, upon ten (10) Business Days’ prior written notice to Purchaser, at any other locations in
jurisdictions where all actions reasonably requested by Seller or otherwise necessary to protect, perfect and maintain Purchaser’s interest in the Purchased Receivables have been taken and completed. 

(e) Books and Records. Seller will maintain accurate books and accounts with respect to the Purchased Receivables and shall make a
notation on its books and records, including any computer files, to indicate which Receivables have been sold to Purchaser. Seller shall maintain and implement administrative and operating procedures (including, without limitation, an ability to
recreate records evidencing Purchased Receivables and related Contracts in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for
collecting all Purchased Receivables (including, without limitation, records adequate to permit the daily identification of each Purchased Receivable and all Collections of and adjustments to each existing Purchased Receivable). 

  
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 (f) Sales, Liens and Debt. Seller will not sell, assign or otherwise dispose of, or cause
or create or suffer to exist any lien, encumbrance or security interest, as a result of any act or omission of Seller, upon or with respect to, the Purchased Receivables or upon or with respect to any deposit or other account to which any
Collections of any Purchased Receivable are sent, or assign any right to receive income in respect thereof except the interests in favor of Purchaser. 

(g) Extension or Amendment of Purchased Receivables. Seller will not amend or extend the payment terms under any Purchased Receivables,
unless approved in advance in writing by Purchaser, and shall not otherwise waive or permit or agree to any deviation from the terms or conditions of any Purchased Receivable without the prior written consent of Purchaser. 

(h) Audits and Visits. Seller will, at any time and from time to time during regular business hours as requested by Purchaser, permit
Purchaser, or its agents or representatives, upon reasonable notice, (i) on a confidential basis, to examine and make copies of and abstracts from all books, records and documents (including, without limitation, computer tapes and disks) in its
possession or under its control relating to Purchased Receivables owed by Account Debtor including, without limitation, the related Contracts, and (ii) to visit its offices and properties for the purpose of examining and auditing such materials
described in clause (i) above, and to discuss matters relating to Purchased Receivables owed by Account Debtor or Seller’s performance hereunder or under the related Contracts with any of its officers or employees having knowledge of such
matters (hereinafter, an “Audit”), provided that, unless a breach or default of Seller’s or Servicer’s obligations hereunder occurs and is continuing, only two such Audits in any calendar year shall be at
Seller’s expense. 
 (i) Accounting Treatment. Seller will make all disclosures required by applicable law or regulation with
respect to the sale of the Proposed Receivables to Purchaser and account for such sale in accordance with International Financial Reporting Standards then in effect. 

(j) Notice. Seller will promptly notify Purchaser of any circumstance in connection with a Proposed Receivable that may relate to money
laundering, terrorist financing, bribery, corruption, tax evasion or Sanctions. 
 (k) Further Assurances. Seller will, at its
expense, promptly execute and deliver all further instruments and documents, and take all further action that Purchaser may reasonably request, from time to time, in order to perfect, protect or more fully evidence the full and complete ownership of
Purchaser of the Purchased Receivables, or to enable Purchaser to exercise or enforce the rights of Purchaser hereunder or under the Purchased Receivables. 

(l) Taxes. Seller will pay any and all taxes (excluding any Excluded Taxes) relating to the transfer of the Purchased Receivables to
Purchaser; except for those taxes that Seller is contesting in good faith and for which adequate reserves have been taken. Seller shall treat each sale of Purchased Receivables hereunder as a sale for federal and state income tax, reporting and
accounting purposes. 
 (m) Not Adversely Affect Purchaser’s Rights. Seller will refrain from any act or omission which it
reasonably believes might in any way prejudice or limit Purchaser’s rights under any of the Purchased Receivables pursuant to this Agreement. 

(n) Nature of Business. Seller will not engage in any business or engage in any transactions other than the purchase of Receivables
from Wise Alloys LLC and the transactions 

  
 10 

 
contemplated by this Agreement and the Transaction Documents. Seller will not create or form any subsidiary and will not make any loans to, advances to, investments in or otherwise acquire any
capital stock or equity security of, or any equity interest in, any other Person. Seller shall not create, incur, guarantee, assume or suffer to exist any indebtedness or other liabilities, whether direct or contingent, other than (i) as a
result of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business and (ii) the incurrence of obligations under this Agreement. 

(o) No Change in Business or Credit and Collection Policy. Neither Seller nor Servicer shall make any change in the character of its
business or in the credit and collection policy, which change would, in either case, impair the collectability of any Purchased Receivable or otherwise have a Material Adverse Change with respect to Seller or Servicer. 

(p) Mergers, Etc. Seller will not merge with or into or consolidate with or into, or convey, transfer, lease or otherwise dispose of
(whether in one transaction or in a series of transactions), all or substantially all of its assets (whether now owned or hereafter acquired) to, or acquire all or substantially all of the assets or capital stock or other ownership interest of, or
enter into any joint venture or partnership agreement with, any Person, other than as contemplated by this Agreement and the Transaction Documents. 

(q) Separate Existence. Seller and Servicer hereby acknowledge that Purchaser is entering into the transactions contemplated by this
Agreement and in reliance upon Seller’s identity as a legal entity separate from Servicer and its respective Affiliates. Therefore, from and after the date hereof, each of Seller and Servicer shall take all steps specifically required by the
Agreement or reasonably required to continue Seller’s identity as a separate legal entity and to make it apparent to third Persons that Seller is an entity with assets and liabilities distinct from those of Servicer and any other Person.
Without limiting the generality of the foregoing and in addition to and consistent with the other covenants set forth herein, each of Seller and Servicer shall take such actions as shall be required in order that: 

(i) Seller will be a limited purpose company whose primary activities are restricted in its organizational documents to: (i) purchasing
or otherwise acquiring, owning, holding, granting security interests or selling interests in Receivables, (ii) entering into agreements for the selling and servicing of the Receivables, and (iii) conducting such other activities as it
deems necessary or appropriate to carry out its primary activities; 
 (ii) Not less than one member of Seller’s Board of Directors
(the “Independent Director”) shall be an individual who is not a direct, indirect or beneficial stockholder, officer, director, employee, affiliate, associate or supplier of Servicer or any of its Affiliates and is otherwise
independent of Servicer and its Affiliates to the satisfaction of Purchaser; 
 (iii) Any employee, consultant or agent of Seller will be
compensated from Seller’s funds for services provided to Seller; 
 (iv) To the extent, if any, that Seller (or any Affiliate thereof)
shares items of expenses not reflected in the servicing fee, such as legal, auditing and other professional services, such expenses will be allocated to the extent practical on the basis of actual use or the value of services rendered, and otherwise
on a basis reasonably related to the actual use or the value of services rendered; 
 (v) All of Seller’s business correspondence and
other communications shall be conducted in Seller’s own name and on its own separate stationery; 

  
 11 

 (vi) Seller’s books and records will be maintained separately from those of Servicer and
any other Affiliate thereof; 
 (vii) All financial statements of the Ultimate Parent, Servicer or any Affiliate thereof that are
consolidated to include Seller will contain detailed notes clearly stating that: (i) a special purpose company exists as a subsidiary of Servicer, and (ii) Wise Alloys LLC has sold receivables and other related assets to such special
purpose subsidiary that, in turn, has sold such receivables to certain financial institutions and other entities; and 
 (viii) Seller will
strictly observe corporate formalities in its dealings with Servicer or any Affiliate thereof, and funds or other assets of Seller will not be commingled with those of the Originator, Servicer or any Affiliate thereof except as permitted by the
Agreement in connection with servicing the Purchased Receivables. Seller shall not maintain joint bank accounts or other depository accounts to which Servicer or any Affiliate thereof (other than Servicer in its capacity as Servicer) has independent
access. Seller is not named, and has not entered into any agreement to be named, directly or indirectly, as a direct or contingent beneficiary or loss payee on any insurance policy with respect to any loss relating to the property of Servicer or
Affiliate thereof. 
 (r) Change in Credit and Collection Policy. The Seller shall not make (or permit the Originator or Servicer to
make) any material change in any Credit and Collection Policy, or any change in any Credit and Collection Policy that would adversely affect the collectibility of the Purchased Receivables or the enforceability of any related Contract or the ability
of the Seller or Servicer to perform its obligations under any related Contract or under this Agreement or any Transaction Documents. 
 5.
TERMINATION EVENTS 
 If any Termination Event shall occur, Purchaser may, by notice to Seller, declare the Purchase Termination Date
to have occurred and that it shall have no further obligation to purchase any Receivables hereunder; provided that if any of the Termination Events described in paragraph (e) of the definition thereof shall occur, then the
obligation of the Purchaser to make purchases hereunder shall cease automatically upon the occurrence of such event, without notice of any kind. 

Whether or not the expressed intent of the parties that the transfers hereunder constitute sales, is respected or recharacterized, the
Purchaser shall have, with respect to the Purchased Receivables, Related Rights and all other Sold Assets, and in addition to all the other rights and remedies available to Purchaser hereunder and under the Transaction Documents (whether prior to or
following any Termination Event), all the rights and remedies of a secured party under any applicable UCC. In connection with any exercise of remedies by Purchaser hereunder following the occurrence of a Termination Event that has not been cured or
waived in accordance with this Agreement, Seller agrees that ten (10) Business Days shall be reasonable prior notice to Seller of the date of any public or private sale or other disposition of all or any of the Purchased Receivables and other
Sold Assets. 
 6. SERVICING; COLLECTION ACTIVITIES; ETC. 

(a) Servicing. 
 (i)
Appointment of Servicer. Purchaser appoints Wise Alloys LLC as its servicer and agent (in such capacity, the “Servicer”) for the administration and servicing of all Purchased Receivables sold to Purchaser hereunder, and
Servicer hereby accepts such appointment and agrees to assume the duties and the administration and servicing obligations as Servicer, and perform all necessary and appropriate commercial collection activities in arranging the timely payment of
amounts due and 

  
 12 

 
owing by any Account Debtor all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, including, without limitation, diligently and faithfully performing
all servicing and collection actions (including, if necessary, acting as party of record in foreign jurisdictions). The Servicer shall also maintain and update the schedule of Receivables listing those Receivables purchased from time to time by the
Purchaser under this Agreement. Such appointment as Servicer shall not release Seller from any of its other duties to comply with any other terms, covenants and provisions of this Agreement. In connection with its servicing obligations, Servicer
will, and will ensure that Seller will, perform their respective obligations and exercise and enforce their respective rights and remedies under the contracts and other agreements related to the Purchased Receivables (the
“Contracts”) with the same care and applying the same policies as they apply to their own Receivables generally and would exercise and apply if they owned the Purchased Receivables and shall use commercially reasonable efforts in
connection with such activities and standards to maximize Collections. In consideration for its activities as Servicer, on the date of the first purchase hereunder, and on each one-year anniversary of this Agreement (or if such one-year anniversary
is not a Business Day, the next succeeding Business Day), the Buyer shall, so long as this Agreement remains in effect at such time and so long as Wise Alloys LLC has not been terminated or replaced on or prior to such date, pay to the Servicer, a
servicing fee (each such annual payment, a “Servicing Fee”) in cash in immediately available funds, in an amount, in the case of each such annual Servicing Fee, equal to $20,000. 

(ii) Replacement of Servicer. Upon the earlier to occur of (i) Servicer defaulting in its obligations set forth under this
Section 6, (ii) an Insolvency Event with respect to Servicer, (iii) a Material Adverse Change in Seller or Servicer, (iv) a Termination Event or (v) a breach of the representations and warranties in any material
respect by Seller or Servicer under this Agreement, Purchaser may at any time thereafter (but only with respect to clauses (i) and (iv) if within 10 days after knowledge of Seller or Servicer or notice from Purchaser to
Seller and Servicer, Servicer fails to cure such default or breach in all material respects and in all other cases without requirement of notice to Servicer, Seller or any other Person) replace Servicer (which replacement may be made through the
outplacement to a Person of all back office duties, including billing, collection and processing responsibilities, and access to all personnel, hardware and software utilized in connection with such responsibilities). Servicer shall reimburse
Purchaser for all expenses reasonably incurred by Purchaser in connection with such replacement; provided that in no event shall Servicer be liable for any servicing compensation paid or payable to such replacement. 

(b) Collections. 
 (i)
Establishment of Account(s). Seller has established the Collection Account to receive amounts owing under the Purchased Receivables and covenants to maintain such account so long as any Purchased Receivable remains unpaid unless otherwise
agreed to in writing by Purchaser. 
 (ii) Collections. Servicer covenants (i) Servicer shall direct each Account Debtor to
wire or transmit by ACH transfer Collections directly to the Collections Account and shall take such commercially reasonable actions as may be reasonably requested by Purchaser to ensure that each Account Debtor complies with such direction and
(ii) not to change the payment instructions while any Purchased Receivable remains outstanding. If Seller inadvertently receives any Collections, it shall cause such Collections to be delivered to and deposited into the Collection Account
within one (1) Business Day of receipt. 
 (iii) Receipt of Collections. No Collections shall be deemed received by Purchaser
for purposes of this Agreement until funds are credited to the Collection Account as immediately available funds or otherwise actually received by Purchaser. 

  
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 (iv) Funds Held in Trust. Prior to being deposited in the Collection Account, funds
received by Seller or Servicer in respect of any Purchased Receivables shall be deemed to be the exclusive property of Purchaser, and Seller and Servicer each shall be deemed to be holding such funds in trust for the exclusive use and benefit of
Purchaser. Neither Servicer nor any Seller shall, directly or indirectly, utilize such funds for its own purposes, and shall not have any right to pledge such funds as collateral for any obligations of Servicer or Seller or any other Person. 

(c) Payment Reconciliation. Pursuant to its servicing obligations under this Section 6 hereof, Servicer shall be
responsible for identifying, matching and reconciling any payments, including those related to any Dilution of the Receivable, deposited in the Collection Account with the Purchased Receivable associated with such payment. Servicer shall provide to
Purchaser, substantially in the form set forth in Exhibit D and substance satisfactory to Purchaser, a full reconciliation (“Payment Reconciliation”) of all such payments deposited in the Collection Account, together with the
DSO values of all Collections deposited in the Collection Account and adjustments (including Dilutions amounts, if any, with respect to the Purchased Receivables), concurrently with the transfer to the Collection Account of all Collections in
respect of the Purchased Receivables and from time to time upon the request of Purchaser. In accordance with the provisions of the Intercreditor Agreement, if at any time any payment is delivered to or identified in the Collection Account that does
not constitute a Collection with respect to any Purchased Receivable, following receipt by Purchaser of evidence of payment details documenting that the payment is for Receivables not constituting Purchased Receivables which shall be done no less
frequently than weekly, such funds will be forwarded to an account specified by the Seller. In accordance with the provisions of the Intercreditor Agreement, if any payment is received from an Account Debtor, and such payment is not identified by
such Account Debtor as relating to a particular Receivable and cannot otherwise be reasonably identified in accordance with the Payment Reconciliation as relating to a particular Receivable within fifteen (15) Business Days of receipt thereof,
such payment shall be applied first to the unpaid Receivables with respect to such Account Debtor that are not subject to any dispute with such Account Debtor in chronological order based on the related scheduled payment dates (beginning with the
unpaid Receivable with the oldest scheduled payment date). 
 (d) Rights of Purchaser; Notices to Account Debtors. Purchaser shall
have all rights as holder and owner in respect of the Purchased Receivables, including, subject to Section 6(a)(ii) (with respect to the replacement of the Servicer), the right to exercise any and all of its rights and remedies
hereunder, under applicable law (including, the UCC) or at equity to collect any Purchased Receivables directly from the applicable Account Debtor. In furtherance of the foregoing, without limiting the generality thereof, Purchaser may, in its sole
discretion, upon the occurrence and continuation of (i) a Termination Event, (ii) any other event which would permit Purchaser to replace Servicer (but prior to the expiration of, and without the need to take into account any grace or cure
period as may be provided for prior to such replacement pursuant to Section 6(a)(ii)) or (iii) any late payment with respect to any Purchased Receivable, to the extent that such late payment has not yet been determined to be the
result of a Repurchase Event for which the Seller has paid or is required to pay the Repurchase Price therefor (or portion thereof subject to a Dispute or Dilution), notify or otherwise indicate to any Account Debtor that Seller has sold the
applicable Purchased Receivable to Purchaser hereunder, and may direct such Account Debtor to make payments with respect to such Purchased Receivable directly to the Collection Account (or as otherwise directed by Purchaser). Notwithstanding the
foregoing, solely in the case of clause (iii) above, so long as Seller and Servicer are in material compliance with all terms, covenants and provisions in this Agreement applicable to Seller and Servicer, and no event described in
clauses (i) or (ii) has occurred and is continuing at such time, upon the occurrence of any payment default by an Account Debtor in payment of the Purchased Receivable (which is not the subject of a Dispute or Dilution),
prior to the Purchaser’s right (as described above) to directly contact and direct the applicable Account Debtor, Servicer shall consult with Purchaser with regard to such default and on the course of action the Servicer plans to adopt in light
thereof. If Servicer has not resolved the cause of such payment default (as a 

  
 14 

 
Dilution, Dispute, Account Debtor Insolvency or otherwise) within 15 days of the original due date for such payment, then Purchaser shall at such time, without further notice to or consultation
with the Seller or Servicer, have all right to notify, contact, instruct and direct the applicable Account Debtor as describe in the prior sentences of this paragraph above. 

(e) Reporting Requirements. Servicer shall provide or make available (by access to a website, Intralinks or otherwise); to Purchaser
the following: 
 (i) as soon as available and in any event within 60 days after the end of the first three quarters of each fiscal year of
the Ultimate Parent, consolidated and consolidating balance sheets of the Ultimate Parent and its consolidated subsidiaries as of the end of such quarter and statements of income, retained earnings and cash flow of the Ultimate Parent and its
consolidated subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such quarter, certified by the chief financial officer of such Person; 

(ii) as soon as available and in any event within 120 days after the end of each fiscal year of the Ultimate Parent, a copy of the annual
report for such year for such Person and its consolidated subsidiaries, containing unqualified consolidated and consolidating financial statements for such year audited by independent certified public accountants of nationally recognized standing;

 (iii) on the fifth (5th) Business Day of each calendar month, aging, past due
and performance reports (the “Servicer Report”) relating to all Purchased Receivables, together with such other data (including all calculations of the ratios described herein), reports and information relating to the Purchased
Receivables of each Account Debtor reasonably requested by Purchaser from time to time (including, without limitation, proof reasonably satisfactory to Purchaser that Originator has delivered to the applicable Account Debtor all property or
performed all services required to be so delivered or performed by the terms of the Contract giving rise to the Purchased Receivables) in each case, in a format reasonably acceptable to the Purchaser and the Servicer; 

(iv) as to each of Seller and Servicer, as soon as possible and in any event within two Business Days after becoming aware of the occurrence
of each Termination Event or Unmatured Termination Event, a statement of the chief financial officer of such Person setting forth details of such Termination Event or Unmatured Termination Event and the action that such Person has taken and proposes
to take with respect thereto; 
 (v) as soon as possible and in any event within two (2) Business Days (in the case of clause
(A) below) and three (3) Business Days (in the case of clause (B) below) after becoming aware of the occurrence thereof, written notice of (A) any non-payment of amounts due with respect to any Purchased Receivable or
(B) any matter that could reasonably be expected to result in a Material Adverse Change; and 
 (vi) such other information respecting
the Receivables or the condition or operations, financial or otherwise, of Seller or Servicer as Purchaser may from time to time reasonably request. 

7. REPURCHASE EVENTS; INDEMNITIES AND SET-OFF. 

(a) Repurchase Events. If any of the following events (“Event of Repurchase”) occurs and is continuing with respect to
any Purchased Receivable: 
 (i) Such Purchased Receivable, at the time of purchase, did not constitute an Eligible Receivable or was
subject to any Account Debtor Insolvency Event; or 

  
 15 

 (ii) any representation or warranty made by Seller under Section 3(a) with respect to such
Purchased Receivable is incorrect when made and shall have a material adverse effect on the ability to collect the Net Invoice Amount of such Purchased Receivable; or 

(iii) Seller or Servicer fails to perform or observe any term, covenant or provision with respect to such Purchased Receivable and such
failure shall have a material adverse effect on the ability to collect the Net Invoice Amount of such Purchased Receivable; or 
 (iv) the
Account Debtor on such Purchased Receivable asserts a Dispute or Dilution has occurred with respect to such Purchased Receivable, excluding any Dispute or Dilution that (A) relates to the acts or omissions of the Purchaser which are (x) in
material violation of applicable law relating to such action or omission or (y) in material breach of its obligations hereunder, (B) does not relate to the acts or omissions of the Seller, the Servicer or any of their Affiliates,
(C) does not relate to the transfer of such Purchased Receivable from the Seller to the Purchaser and (D) does not relate to the goods or services that are the subject of such Purchased Receivable; or 

(v) Seller or Servicer instructs the Account Debtor on such Purchased Receivable to pay amounts owing in respect of such Purchased Receivable
to an account other than the Collection Account; 
 then, Seller shall, within one (1) Business Day of demand therefor from Purchaser (such date, the
“Repurchase Date”), repurchase all (or any portion) of such Purchased Receivable then outstanding (or, if such Purchased Receivable is subject to Dispute or Dilution, the portion subject to the Dispute or Dilution, as the case may
be). 
 The repurchase price (the “Repurchase Price”) for such Purchased Receivable shall be the amount equal to the sum of (i) the
Net Invoice Amount relating to such Purchased Receivable less the aggregate amount of all Collections with respect to such Purchased Receivables deposited into the Collection Account, plus (ii) interest for the period from the
Anticipated Payment Date for such Purchased Receivable until the date the Repurchase Price has been repaid in full, at a rate equal to the Discount Rate. 

Notwithstanding the foregoing, if any Purchased Receivable is subject to a Repurchase Event described above as a result of an event of Dilution which affects
or only applies with respect to a portion of such Receivable that is less than 10% of the Net Invoice Amount thereof, the Seller may, in its discretion, elect to satisfy its obligation under this Section 7 by rather that repurchasing
such Receivable and paying the Repurchase Price therefor, paying to the Purchaser on what would otherwise have been the Repurchase Date, an amount in cash equal to the entire amount which is the subject of such Dilution plus interest due thereon for
a period from the Anticipated Payment Date for such Purchased Receivable until the date the Seller pays such amount in full, at a rate equal to the Discount Rate at such time (such amount, the “Subject Payment Amount”). If the
Seller elects not to repurchase the entire Receivable but rather pay the Subject Payment Amount with respect thereto then each of the parties hereto hereby agrees that any such Receivable which remains the property of the Purchaser hereunder and
shall not be or be deemed to have been sold back to the Seller on the applicable Repurchase Date. 
 The Repurchase Price or Subject Payment Amount, as
applicable, for a Purchased Receivable and all amounts due hereunder with respect to such Purchased Receivable shall be paid to the Collection Account in immediately available funds on the Repurchase Date. Upon the payment in full of the Repurchase
Price for a Purchased Receivable and all amounts due hereunder with respect to such Purchased 

  
 16 

 
Receivable, such Purchased Receivable shall be automatically and without further action sold by Purchaser to Seller without recourse to or warranty by Purchaser. Upon repurchase by Seller, Seller
shall have all right, title and interest in and to such repurchased Purchased Receivables. Seller agrees that Purchaser may set off in the manner set forth in paragraph (f) below against any unpaid obligation of Seller under this
Section 7(a). Amounts due hereunder shall accrue interest at the Discount Rate. 
 (b) General Indemnification. 

(i) Indemnities by Seller. Seller hereby agrees to indemnify Purchaser (together with its officers, directors, agents,
representatives, shareholders, counsel and employees, each, an “Indemnified Party”) from and against any and all claims, losses and liabilities (including, without limitation, reasonable attorneys’ fees) (all of the foregoing
being collectively referred to as “Indemnified Amounts”) arising out of or resulting from any of the following: (i) the sale to Purchaser of any Receivable as to which the representations and warranties made herein are not true
and correct on the Purchase Date therefor; (ii) any representation or warranty made by Seller (or any of its respective officers) under or in connection with this Agreement (except with respect to the Purchased Receivables) which shall have
been incorrect in any material respect when made; (iii) the failure by Seller to comply with any applicable law, rule or regulation with respect to any Purchased Receivable; (iv) the failure to vest in Purchaser a perfected interest in
each Purchased Receivable and the proceeds and Collections in respect thereof free and clear of any liens or encumbrances of any kind or nature whatsoever (other than those granted under this Agreement); (v) any Dispute or any other claim
related to such Purchased Receivable (or any portion thereof) excluding any Dispute or claim that (A) relates to the acts or omissions of the Purchaser which are (x) in material violation of applicable law relating to such action or
omission or (y) in material breach of its obligations hereunder, (B) does not relate to the acts or omissions of the Seller, the Servicer or any of their Affiliates, (C) does not relate to the transfer of such Purchased Receivable
from the Seller to the Purchaser and (D) does not relate to the goods or services that are the subject of such Purchased Receivables; (vi) the commingling by Seller of Collections at any time with other funds of Seller or any other Person;
(vii) any products liability claim, personal injury or property damage suit, environmental liability claim or any other claim or action by a party of whatever sort, whether in tort, contract or any other legal theory, arising out of or in
connection with the goods or services that are the subject of any Purchased Receivable with respect thereto; (viii) this Agreement and the transactions contemplated hereby and the purchases of the Purchased Receivables by Purchaser pursuant to
the terms hereof, excluding any Dispute or claim that (A) relates to the acts or omissions of the Purchaser which are (x) in material violation of applicable law relating to such action or omission or (y) in material breach of its
obligations hereunder, (B) does not relate to the acts or omissions of the Seller, the Servicer or any of their Affiliates, (C) does not relate to the transfer of such Purchased Receivable from the Seller to the Purchaser and (D) does
not relate to the goods or services that are the subject of such Purchased Receivables; or (ix) any currency restrictions or foreign political restrictions or regulations that are in force with respect to any Purchased Receivables on the
applicable Purchase Date therefor (it being understood and agreed that if the Purchaser and/or any Purchased Receivables becomes (following the applicable Purchase Date therefor) subject to any such currency or political restriction matters which
are not subject to the indemnity or recovery of this clause (ix) as a result of coming into existence or effectiveness after such date of purchaser, Purchaser shall have the right, upon thirty (30) days prior written notice to the
Seller, to terminate this Agreement and its commitments hereunder and under the other Transaction Documents). The foregoing indemnification shall not apply in the case any claims, losses or liabilities to the extent resulting solely from
(i) the gross negligence or willful misconduct of an Indemnified Party as determined in a final non-appealable judgment by a court of competent jurisdiction, (ii) lack of credit worthiness of the related Account Debtor or an Account Debtor
Insolvency Event or (iii) (A) acts or omissions of the Purchaser which are (x) in material violation of applicable law relating to such action or omission or (y) in material breach of its obligations hereunder, (B) which do not
relate to the acts or omissions of the Seller, the Servicer or any of their Affiliates, (C) 

  
 17 

 
which do not relate to the transfer of such Purchased Receivable from the Seller to the Purchaser and (D) which do not relate to the goods or services that are the subject of such Purchased
Receivables. Amounts due hereunder shall accrue interest at the Delinquent Rate. 
 (ii) Indemnities by Servicer. Servicer hereby
agrees to indemnify Purchaser (together with its officers, directors, agents, representatives, shareholders, counsel and employees, each, an “Indemnified Party”) from and against any and all claims, losses and liabilities
(including, without limitation, reasonable attorneys’ fees) (all of the foregoing being collectively referred to as “Indemnified Amounts”) arising out of or resulting from any of the following: (i) any representation or
warranty made by Servicer (or any of its respective officers) under or in connection with this Agreement (except with respect to the Purchased Receivables) which shall have been incorrect in any material respect when made; (ii) the failure by
Servicer to comply with any applicable law, rule or regulation with respect to any Purchased Receivable; (iii) any failure by Servicer to perform its duties or obligations as Servicer hereunder in accordance with this Agreement or any claim
brought by any Person other than an Indemnified Party arising from Servicer’s collection activities; or (iv) the commingling by the Servicer of Collections at any time with other funds of the Servicer or any other Person. The foregoing
indemnification shall not apply in the case any claims, losses or liabilities to the extent resulting solely from (i) the gross negligence or willful misconduct of an Indemnified Party as determined in a final non-appealable judgment by a court
of competent jurisdiction, (ii) lack of credit worthiness of the related Account Debtor or an Account Debtor Insolvency Event or (iii) (x) enforcement or similar actions of the Purchaser with respect to a related Purchased Receivable
as against the Account Debtor and which (as determined in a final non appealable judgment by a court of competent jurisdiction) are in material violation of applicable law relating to such action or (y) a Dispute or Dilution by the Account
Debtor not as a result of anything relating to the product or service provided to such Account Debtor by the Originator, Seller or Servicer, but solely as a result of a separate and distinct transaction or agreement between the Account Debtor and
the Purchaser and not in any way related to this Agreement or the transactions contemplated hereby. Amounts due hereunder shall accrue interest at the Delinquent Rate. 

(c) Tax Indemnification. All payments on the Purchased Receivables from the Account Debtors will be made free and clear of any present
or future taxes, withholdings or other deductions whatsoever. Seller will indemnify Purchaser for any such taxes, withholdings or deductions other than Excluded Taxes as well as any stamp duty or any similar tax or duty on documents or the transfer
of title to property arising in the context of this Agreement which has not been paid by Seller. Further, Seller shall pay, and indemnify and hold Purchaser harmless from and against, any taxes other than Excluded Taxes that may at any time be
asserted in respect of the Purchased Receivables hereunder (including any sales, occupational, excise, gross receipts, personal property, privilege or license taxes, or withholdings, but not including taxes imposed upon Purchaser with respect to its
overall net income) and costs, expenses and reasonable counsel fees in defending against the same, whether arising by reason of the acts to be performed by Seller hereunder or otherwise. Amounts due hereunder shall accrue interest at the Delinquent
Rate. Notwithstanding the foregoing, the indemnities described herein with respect to tax matters, shall only apply with respect to applicable laws, rules and regulations relating thereto which are in existence on the applicable Purchase Date for
any Purchased Receivables hereunder and shall not apply in the case of any changes to such laws rules or regulations following such Purchase Date; it being understood and agreed that if the Purchaser and/or any Purchased Receivables becomes
(following the applicable Purchase Date therefor) subject to any such tax matters which are not subject to the indemnity or recovery of this paragraph (c) due to this sentence, Purchaser shall have the right, upon thirty (30) days
prior written notice to the Seller, to terminate this Agreement and its commitments hereunder and under the other Transaction Documents. 

(d) Increased Costs. If Purchaser shall determine that any Regulatory Change regarding capital or liquidity requirements has or would
have the effect of reducing the rate of return on 

  
 18 

 
Purchaser’s capital or assets or increasing its amount of required liquidity as a consequence of (i) this Agreement, (ii) any of Purchaser’s obligations under this Agreement
or (iii) Purchaser’s purchase or the ownership, maintenance or funding of any Purchased Receivables hereunder, to a level below that which Purchaser would have achieved but for such Regulatory Change (taking into consideration
Purchaser’s policies with respect to capital adequacy), then (A) if such Regulatory Change relates to the commitment of the Purchaser hereunder, but does not relate to the purchase and subsequent ownership of Purchased Receivables, then
the Purchaser may by notice to Seller setting forth in reasonable detail the basis therefor, adjust the Commitment Fee and/or provide a separate written demand for payment to reflect such increased cost with respect to the Purchaser’s
commitment to make purchases hereunder, which adjustments to the fees or amounts payable in respect of the commitment hereunder, in each case, shall be effective and payable by the Seller within five (5) days after the giving of such notice, it
being understood that if such Regulatory Change has retroactive application to the commitment hereunder, such retroactive increase shall be payable by the Seller in accordance with the terms of this paragraph, and (B) if such Regulatory Change
relates to the purchase and subsequent ownership of Purchased Receivables, then Purchaser shall have the right to by notice to Seller setting forth in reasonable detail the basis therefor, (x) for the purpose of future purchases hereunder
adjust the Discount Rate to reflect such increased cost with respect to such future purchases (but not with respect to any prior purchases), which adjustments to the Discount Rate shall apply solely to purchases occurring at least five (5) days
after the giving of such notice, and (y) to the extent it is not practical to so adjust the Discount Rate pursuant to clause (x) prior to the applicable Purchase Date, promptly after the applicable Purchase Date provide the Seller with a
written demand for payment to reflect the increased costs with respect to Regulatory Changes that were in existence on the applicable Purchase Date for any Purchased Receivables hereunder but for which the Discount Rate was not adjusted as described
in clause (x), which such increased costs shall be effective and payable by the Seller within five (5) days after the giving of such notice. Except as provided in clause (y) of the foregoing sentence, and notwithstanding any other
provision, under no circumstances shall the purchase price of a Purchased Receivable be altered after the Purchase Date therefor as a result of a Regulatory Change. In addition to foregoing, if any Purchased Receivables or the existing of the
commitment hereunder becomes the subject of a Regulatory Change regarding capital or liquidity requirements that has or would have the effect of reducing the rate of return on Purchaser’s capital or assets or increasing its amount of required
liquidity as a consequence of (i) this Agreement, (ii) any of Purchaser’s obligations under this Agreement or (iii) Purchaser’s purchase or the ownership, maintenance or funding of any Purchased Receivables hereunder, to a
level below that which Purchaser would have achieved but for such Regulatory Change (taking into consideration Purchaser’s policies with respect to capital adequacy) that is not covered by clauses (A) or (B) of this paragraph, then
the Purchaser shall have the right upon thirty (30) days prior written notice to the Seller, to terminate this Agreement and its commitments hereunder and under the other Transaction Documents. Any amount owing pursuant to this section shall be
paid to Purchaser in immediately available funds. A certificate as to such amounts submitted to Seller by Purchaser shall be conclusive and binding for all purposes as to the calculations therein, absent manifest error. Upon receipt of notice from
Purchaser of any such increased cost or adjustment to the Commitment Fee or the Discount Rate, Seller shall have the right, at any time after payment to the Purchaser of amounts, if any, due pursuant to clause (A) of this paragraph, and upon
five (5) days prior written notice to the Purchaser, to terminate this Agreement and all commitments and obligations hereunder except insofar as such obligations relate to Purchased Receivables sold on or prior to the date of notice of
termination or otherwise expressly survive termination hereof. 
 (e) Regulatory Indemnity. Seller will indemnify Purchaser
for all losses, costs, damages, claims, actions, suits, demands and liabilities (together, the “Losses”) suffered or incurred by or brought against Purchaser arising out of or relating to any Compliance Action (as defined in
Section 15(e)(ii) below), unless such Losses are caused by (i) the gross negligence or intentional misconduct of Purchaser or (ii) (A) relate to the acts or omissions of the Purchaser which are (x) in material
violation of applicable law relating to such action or omission or (y) in material breach of its 

  
 19 

 
obligations hereunder, (B) do not relate to the acts or omissions of the Seller, the Servicer or any of their Affiliates, (C) do not relate to the transfer of such Purchased Receivable
from the Seller to the Purchaser and (D) do not relate to the goods or services that are the subject of such Purchased Receivables. 

(f) Set-Off. Seller further agrees that, unless Seller notifies Purchaser in writing that it desires to pay on the date when due any
amounts due under this paragraph (f) and Seller makes such payment to Purchaser in immediately available funds on the date that such payment is due, Seller hereby irrevocably authorizes Purchaser, without further notice to Seller, to
set-off such amount against the Purchase Price of any Proposed Receivables to be purchased on or after such due date. 
 (g) UCC. The
rights granted to Purchaser hereunder are in addition to all other rights and remedies afforded to Purchaser as a buyer under the UCC or other applicable law. 

8. RETAINED OBLIGATIONS. Purchaser shall have no responsibility for, or have any liability with respect to, the performance of any
Contract, and neither shall Purchaser shall have any obligation to intervene in any commercial dispute arising out of the performance of any Contract. All obligations of Seller under each Contract, including all representations and warranty
obligations, all servicing obligations, all maintenance obligations, and all delivery, transport and insurance obligations, shall be retained by Seller (the “Retained Obligations”). Neither any claim that Seller may have against any
Account Debtor or any other Person, nor the failure of an Account Debtor to fulfill its obligations under the applicable Contracts, shall affect the obligations of Seller and Seller as Servicer to perform its obligations hereunder, and none of such
events or circumstances shall be used as a defense or as set-off, counterclaim or cross-complaint as against the performance or payment of any of Seller’s or Servicer’s obligations hereunder. 

9. COSTS AND EXPENSES; DELINQUENT RATE. 

(a) Seller shall reimburse Purchaser for all reasonable costs (including reasonable attorneys’ fees and expenses) that Purchaser incurs
in connection with the preparation and negotiation of this Agreement, any amendments hereto and the administration, preservation of rights and enforcement hereof. In no event shall such obligation of Seller to reimburse Purchaser include costs
incurred by Purchaser in collecting or otherwise enforcing its rights as against the Account Debtors under the Receivables, including, but not limited to, as a result of an Account Debtor Insolvency Event, unless Seller or Servicer is in breach or
default of the performance of its obligations hereunder or under the terms of such Receivable. 
 (b) Any fees, expenses, indemnity,
Repurchase Price or other amounts payable by Seller to Purchaser in connection with this Agreement shall bear interest each day from the date due until paid in full at the Delinquent Rate, whether before or after judgment. Such interest shall be
payable on demand. Fees are deemed payable on the date or dates set forth herein; expenses, indemnity, or other amounts payable by Seller to Purchaser are due ten (10) days after receipt by Seller of written demand thereof. 

10. GENERAL PAYMENTS. All amounts payable by Seller to Purchaser under this Agreement shall be paid in full, free and clear of all
deductions, set-off or withholdings whatsoever except only as may be required by law, and shall be paid on the date such amount is due by not later than 3:00 pm (New York City time) to the account of Purchaser notified to Seller from time to time.
For the avoidance of doubt, Seller shall not be responsible for any deductions, set-off or withholdings made by the Account Debtors or required by law, except to the extent provided for in Section 7 above. If any deduction or withholding
is required by law other than as Excluded Taxes, Seller shall pay to Purchaser such additional amount as necessary to ensure that the net amount actually received by Purchaser equals to the full amount Purchaser should have received had no such
deduction or withholding been required. 

  
 20 

 
All payments to be made hereunder or in respect of a Purchased Receivable shall be in USD. Any amounts that would fall due for payment on a day other than a Business Day shall be payable on the
succeeding Business Day. All interest amounts calculated on a per annum basis hereunder are calculated on the basis of a year of three hundred sixty (360) days. 

11. LIMITATION OF LIABILITY. IN NO EVENT SHALL PURCHASER SHALL BE LIABLE TO SELLER FOR ANY SPECIAL INCIDENTAL OR CONSEQUENTIAL DAMAGES
ARISING OUT OF THIS AGREEMENT (INCLUDING LOST PROFITS OR LOSS OF BUSINESS). 
 12. NOTICES. Unless otherwise provided herein, any
notice, request or other communication which Purchaser, Seller or Servicer may be required or may desire to give to the other party under any provision of this Agreement shall be in writing and sent by electronic facsimile transmission, hand
delivery or first class mail, certified or registered and postage prepaid, and shall be deemed to have been given or made when transmitted with receipt confirmed in the case of electronic facsimile transmission, when received if sent by hand
delivery or five (5) days after deposit in the mail if mailed, and in each case addressed to Purchaser, Seller or Servicer as set forth below. Any party hereto may change the address to which all notices, requests and other communications are
to be sent to it by giving written notice of such address change to the other parties in conformity with this paragraph, but such change shall not be effective until notice of such change has been received by the other parties. 

If to
Seller:                            Wise Alloys Funding LLC 

4805 Second Street 
 Muscle Shoals, AL 35661 

Attn: Alex Godwin or Treasury Department 
 Fax: 256.386.6980 

Email: alex.godwin@constellium-wise.com 
 with a copy to: 

Constellium Switzerland AG 
 Max Högger-Strasse 6 

8048 Zürich, Switzerland 
 Attention: Mark Kirkland, Group
Treasurer 
 Office phone : +41 44 438 6642 
 Mail :
mark.kirkland@constellium.com 
 If to
Servicer:                        Wise Alloys LLC 

4805 Second Street 
 Muscle Shoals, AL 35661 

Attn: Alex Godwin or Treasury Department 
 Fax: 256.386.6980 

Email: alex.godwin@constellium-wise.com 
 with a copy to: 

Constellium Switzerland AG 
 Max Högger-Strasse 6 

8048 Zürich, Switzerland 
 Attention: Mark Kirkland, Group
Treasurer 
 Office phone : +41 44 438 6642 
 Email :
mark.kirkland@constellium.com 

  
 21 

			
	If to Purchaser:		HSBC Bank USA, National Association
			452 Fifth Avenue, 4th Floor
			New York, New York 10018
			Attention: Regional Head, Global Trade and Receivables Finance
			 Email: ivan.v.lincevski@us.hsbc.com;

marcus.j.wunderlich@us.hsbc.com

	
	with a copy to (which copy shall not constitute notice hereunder):
		
			HSBC Bank USA, National Association
			452 Fifth Avenue, 7th Floor
			New York, New York 10018
			Attention: Legal, Global Trade and Receivables Finance
			Email: amoy.w.chambers@us.hsbc.com

 Seller agrees that Purchaser may presume the authenticity, genuineness, accuracy, completeness and due execution of any email
or fax communication bearing a facsimile or scanned signature resembling a signature of an authorized Person of Seller without further verification or inquiry by Purchaser. Notwithstanding the foregoing, Purchaser in its sole discretion may elect
not to act or rely upon such a communication and shall be entitled (but not obligated) to make inquiries or require further action by Seller to authenticate any such communication. 

13. SURVIVAL. Notwithstanding the occurrence of the Purchase Termination Date, (a) all covenants, representations and warranties
made herein shall continue in full force and effect so long as any Purchased Receivables remain outstanding; and (b) Seller’s and Servicer’s obligations to indemnify Purchaser with respect to the expenses, damages, losses, costs,
liabilities and other obligations shall survive until the later of (i) all applicable statute of limitations periods with respect to actions that may be brought against Purchaser or any other indemnified party have run and (ii) 365 days
following the entry of a final non-appealable order of a court of competent jurisdiction with respect to actions brought against Purchaser or any other Indemnified Party that were initiated prior to the end of the applicable statute of limitations
for such actions. 
 14. GOVERNING LAW; VENUE; WAIVER OF JURY TRIAL; ETC. 

(a) This Agreement shall be governed by the laws of the State of New York, without giving effect to conflict of laws principles that would
require the application of the law of any other jurisdiction. 
 (b) Each of the parties hereto irrevocably and unconditionally submits, for
itself and its property, to the nonexclusive jurisdiction of any New York State court or federal court of the United States sitting in the Borough of Manhattan, New York City, and any appellate court from any thereof, in any action or proceeding
arising out of or relating to this Agreement, or for recognition or enforcement of any judgment. Each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in 

  
 22 

 
respect of any such action or proceeding may be heard and determined in any such New York State court or, to the extent permitted by law, in such federal court. A final judgment in any such
action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any New York State or federal court located in the Borough of
Manhattan. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c) EACH PARTY HERETO IRREVOCABLY WAIVES ANY RIGHT THAT SUCH PERSON MAY HAVE TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR
ARISING OUT OF ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. 

15. GENERAL PROVISIONS. 

(a) This Agreement represents the final agreement of the parties with respect to the subject matter hereof and supersedes all prior and
contemporaneous understandings and agreements with respect to such subject matter. No provision of this Agreement may be amended or waived except by a writing signed by the parties hereto. 

(b) This Agreement shall bind and inure to the benefit of the respective successors and permitted assigns of each of the parties;
provided, however, that neither Seller nor Servicer may assign any of its rights hereunder without Purchaser’s prior written consent, given or withheld in Purchaser’s sole discretion. Purchaser shall have the right without
the consent of or notice to Seller or Servicer to sell, transfer, negotiate or grant participations in all or any part of, or any interest in, Purchaser’s obligations, rights and benefits hereunder and in any of the Receivables Sold hereunder.

 (c) Each provision of this Agreement shall be severable from every other provision hereof for the purpose of determining the legal
enforceability of any specific provision. This Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of
which, when taken together, shall constitute but one and the same agreement. 
 (d) Seller acknowledges that from time to time financial
advisory, investment banking and other services may be offered or provided to Seller or one or more of its affiliates (in connection with this Agreement or otherwise) by Purchaser or its subsidiaries. Seller hereby authorizes Purchaser to share any
information delivered to Purchaser by Seller and its subsidiaries pursuant to this Agreement, or in connection with the decision of Purchaser to enter into this Agreement, to any other business unit of Seller and/or to any subsidiary of Seller.
Seller hereby authorizes Purchaser to share any information delivered to Purchaser by Seller and its subsidiaries pursuant to this Agreement, or in connection with the decision of Purchaser to enter into this Agreement to any prospective participant
or assignee under this Agreement that agrees to keep it confidential to the same extent as set forth in this clause (d). Such authorization shall survive the termination of this Agreement or any provision hereof. Without limiting the
foregoing, each party agrees to maintain the confidentiality of any Confidential Information (as defined below) of the other party and shall not disclose such Confidential Information to any third party except as set forth in the Agreement.
“Confidential Information” shall mean all information of a party provided to the other party hereunder. “Confidential Information” shall not include any information that (i) is part of the public domain without any
breach of this Agreement by the 

  
 23 

 
receiving party; (ii) is or becomes generally known to the general public or organizations engaged in the same or similar businesses as the receiving party on a non-confidential basis,
through no wrongful act of such party; (iii) is known by the receiving party prior to disclosure to it hereunder without any obligation to keep it confidential; (iv) is disclosed to it by a third party which, to the best of the receiving
party’s knowledge, is not required to maintain the information as proprietary or confidential; (v) is independently developed by the receiving party without reference to Confidential Information of the other party; or (vi) is the
subject of a written agreement whereby the other party consents to the disclosure of such Confidential Information on a non-confidential basis. A party may disclose Confidential Information, without the consent of the other party, if such party is
requested or becomes legally compelled (by applicable law, rule, regulation, oral questions, interrogatories, request for information or documents, subpoena, civil investigative demand or similar process and including, without limitation, to the
extent required to be disclosed to any regulatory body having jurisdiction over Seller or its affiliates pursuant to the Securities Exchange Act of 1934, as amended, or otherwise) to disclose any of the Confidential Information. The obligations
under this paragraph (d) shall terminate on the date which is seven (7) years from the date of this Agreement first set forth above (the “Confidentiality Termination Date”). Following the Confidentiality Termination
Date, Purchaser shall, in its sole determination, either return Confidential Information of Seller to Seller, unless otherwise required by applicable law to maintain, or confirm to Seller that it has destroyed any Confidential Information in
accordance with its document retention policy, unless otherwise required by applicable law to maintain. Notwithstanding the foregoing, the obligations of Purchaser under this paragraph (d) shall terminate upon the occurrence of any
Termination Event or Unmatured Termination Event under this Agreement to the extent that disclosure of such information, in the reasonable judgment of the Purchaser, is necessary or required for (i) the transfer of servicing, (ii) the sale
of foreclosure of the Purchased Receivables, (iii) the enforcement of the rights of the Purchaser hereunder (including in connection with any legal proceeding) or (iv) the protection of the Purchaser’s ownership and security interest
in the Purchased Receivables and its rights hereunder and under the Transaction Documents. 
 (e) The Seller acknowledges and agrees that:

 (i) Purchaser, HSBC Holdings plc, its affiliates and subsidiaries (together “HSBC Group”), and HSBC Group’s
service providers are required to act in accordance with the laws and regulations of various jurisdictions, including those which relate to Sanctions and the prevention of money laundering, terrorist financing, bribery, corruption and tax evasion;

 (ii) Purchaser may take, and may instruct other members of the HSBC Group to take, to the extent it is legally permitted to do so under
the laws of its jurisdiction, any action (a “Compliance Action”) which it, in its sole discretion, considers appropriate to act in accordance with Sanctions or domestic and foreign laws and regulations. Such Compliance Action may
include but is not limited to the interception and investigation of any payment, communication or instruction; the making of further enquiries as to whether a person or entity is subject to any Sanctions; and the refusal to process any transaction
or instruction that does not conform with Sanctions; and 
 (iii) neither Purchaser nor any member of HSBC Group will be liable to Seller
for any loss, damage, delay, or a failure of the Bank to perform its duties under this agreement arising out of or relating to Compliance Action taken by the Bank or any HSBC Group member in its sole discretion. 

[Remainder of page intentionally blank] 

  
 24 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date
first above written. 
  

			
	Wise Alloys Funding LLC, as Seller
		
	By:		 /s/ Rina Teran

	Name:		Rina Teran
	Title:		Vice President and Secretary
	
	Wise Alloys LLC, as initial Servicer
		
	By:		 /s/ Rina Teran

	Name:		Rina Teran
	Title:		Vice President and Secretary
	
	HSBC Bank USA, National Association, as Purchaser
		
	By:		 /s/ Heidi C. Tote

	Name:		Heidi C. Tote
	Title:		VP Client Implementation & Mgmt.

  
 S-1 

 Schedule 1 

Account Debtors 
  

	1.	Anheuser-Busch LLC (but only so long as Anheuser-Busch LLC remains a direct or indirect wholly-owned subsidiary of Anheuser-Busch InBev SA/NV) 

  
 Schedule 1-1 

 Schedule 2 

Seller Information Schedule 

Actual Name, as reflected in the attached organizational documents (i.e., certified copy of the Certificate of Incorporation, Articles of Formation or
Certificate of Limited Partnership): 
 Wise Alloys Funding LLC 

Trade Name(s) (if any): n/a 
 Type and Jurisdiction of
Organization (e.g. Delaware corporation, sole proprietorship): Delaware limited liability company 
 Address of Place of Business (if only one) or Chief
Executive Office (if more than one place of business): 
 Wise Alloys Funding LLC 

4805 Second Street 
 Muscle Shoals, AL 35661 

Attn: Alex Godwin or Treasury Department 
 Fax: 256.386.6980 

Email: alex.godwin@constellium-wise.com 
 Seller Payment
Instructions: 
 Account maintained in the name of Wise Alloys LLC at Wells Fargo Bank, National Association, with account number 2000013956783 or such
other account designated by the Seller from time to time. 

  
 Schedule 2-1 

 Schedule 3 

Applicable Credit Spreads and Commitment Fee Schedule 

Applicable Credit Spread 
 On any applicable
date, the “Applicable Credit Spread” for purposes of the Agreement shall be determined on such date based on the grid below depending on the lower of the most recent public issuer credit ratings for Anheuser-Busch InBev SA/NV
as provided by S&P and Moody’s. 
  

									
	 	  	 Anheuser-Busch
InBev SA/NV,

Long Term Rating
	  	Applicable	 
	 	  	S&P	  	Moody’s	  	Credit Spread	 
	 >=
	  	AA-	  	Aa3	  	 	0.80	% 
	 =
	  	A+	  	A1	  	 	0.90	% 
	 =
	  	A	  	A2	  	 	1.00	% 
	 =
	  	A-	  	A3	  	 	1.50	% 
	 =
	  	BBB+	  	Baa1	  	 	2.00	% 
	 =
	  	BBB	  	Baa2	  	 	2.50	% 
	 =
	  	BBB-	  	Baa3	  	 	3.50	% 

 The per annum rates used to calculate the Commitment Fee for purposes of Section 2(e) shall be determined based on the
rates set forth in the grid below depending on the lower of the most recent public issuer credit ratings for Anheuser-Busch InBev SA/NV as provided by S&P and Moody’s. 

 

									
	 	  	 Anheuser-Busch
InBev SA/NV,

Long Term Rating
	  	Commitment
Fee	 
	 	  	S&P	  	Moody’s	  
	 >=
	  	AA-	  	Aa3	  	 	0.40	% 
	 =
	  	A+	  	A1	  	 	0.45	% 
	 =
	  	A	  	A2	  	 	0.50	% 
	 =
	  	A-	  	A3	  	 	0.75	% 
	 =
	  	BBB+	  	Baa1	  	 	1.00	% 
	 =
	  	BBB	  	Baa2	  	 	1.25	% 
	 =
	  	BBB-	  	Baa3	  	 	1.75	% 

  
 Schedule 3-1 

 Exhibit A 

Definitions 

“Account Debtor”: The meaning set forth in the recitals hereto. 

“Account Debtor Insolvency Event”: With respect to any Account Debtor, such Account Debtor shall generally not pay its debts
as such debts become due (including its obligations under the Receivables), or shall admit in writing its inability to pay its debts generally (including its obligations under the Receivables), or shall make a general assignment for the benefit of
creditors; or any proceeding shall be instituted by or against such Account Debtor seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of
it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for it or for any
substantial part of its property, or any of the actions sought in such proceeding (including, without limitation, the entry of an order for relief against, or the appointment of a receiver, trustee, custodian or other similar official for, it or for
any substantial part of its property) shall occur; or such Account Debtor shall take any action to authorize any of the actions set forth above in this definition. 

“Adverse Claim” means any ownership interest or claim, mortgage, deed of trust, pledge, lien, security interest,
hypothecation, charge or other encumbrance or security arrangement of any nature whatsoever, whether voluntarily or involuntarily given, including, but not limited to, any conditional sale or title retention arrangement, and any assignment, deposit
arrangement or lease intended as, or having the effect of, security and any filed financing statement or other notice of any of the foregoing (whether or not a lien or other encumbrance is created or exists at the time of the filing); it being
understood that any thereof in favor of, or assigned to, Purchaser shall not constitute an Adverse Claim. 
 “Affiliate”:
With respect to any Person, each officer, director, general partner or joint-venturer of such Person and any other Person that directly or indirectly controls, is controlled by, or is under common control with, such Person. For purpose of this
definition, “control” means the possession of either (a) the power to vote, or the beneficial ownership of, 25% or more of the equity interests having ordinary voting power for the election of directors of such Person or
(b) the power to direct or cause the direction of the management and policies of such Person, whether by contract or otherwise. 

“Agreement”: The meaning set forth in the first paragraph of the agreement to which this Exhibit is attached. 

“Anticipated Payment Date”: For an invoice, the date arrived at by adding the Buffer Period to the Invoice Due Date. 

“Applicable Credit Spread”: On any applicable date of determination, means the credit spreads determined at such time in
accordance with the credit spread chart set forth on Schedule 3 attached hereto. 
 “Applicable Law” means any law
(including common law), constitution, statute, treaty, regulation, rule, ordinance, order, injunction, writ, decree, judgment, award or similar item of or by a governmental authority or any interpretation, implementation or application thereof. 

“Buffer Period”: For each applicable Account Debtor and each Purchased Receivable shall be the period determined on the
applicable Purchase Date for such Purchased Receivable as the weighted average, for all Purchased Receivables collected during the immediately preceding month (weighted 

  
 Exhibit A-1 

 
based on the Net Invoice Amount of each such Purchased Receivable), of the difference between (i) the actual payment date of each such Purchased Receivable collected during such prior
calendar month and (ii) the Scheduled Payment Date of such Purchased Receivable. 
 The Buffer Period for each Purchased Receivable shall be calculated
prospectively on each applicable Purchase Date for any related Purchased Receivable being purchased on such date. 
 “Business
Day”: Any day that is not a Saturday, Sunday or other day on which banks in New York City are required or permitted to close. 

“Capital Stock” means, with respect to any Person, any and all common shares, preferred shares, interests, participations,
rights in or other equivalents (however designated) of such Person’s capital stock, partnership interests, limited liability company interests, membership interests or other equivalent interests and any rights (other than debt securities
convertible into or exchangeable for capital stock), warrants or options exchangeable for or convertible into such capital stock or other equity interests. 

“Change of Control” means, if at any time, (i) Constellium N.V. ceases to own, directly or indirectly, free and clear of
any Adverse Claim and on a fully diluted basis, 100% of the Capital Stock of Parent, (ii) Parent ceases to own, directly or indirectly, free and clear of any Adverse Claim and on a fully diluted basis, 100% of the Capital Stock of Originator,
or (iii) Originator ceases to own, directly or indirectly, free and clear of any Adverse Claim and on a fully diluted basis, 100% of the Capital Stock of the Seller. 

“Collections”: With respect to any Purchased Receivable, all proceeds thereof. 

“Collection Account”: The account maintained in the name of Wise Alloys Funding LLC at HSBC Bank USA, National Association
with Account # 000253936, Federal ABA # 021001088, CHIPS ABA No 0108, and SWIFT Code: MRMDUS33, which account shall at all times be under the sole dominion and control of Purchaser. 

“Commitment Fee”: The meaning set forth in Section 2(e) hereof. 

“Contracts”: The meaning set forth in Section 5(a) hereof. 

“Credit and Collection Policy” means, as the context may require, those receivables credit and collection policies and
practices of each Originator, the Seller or the Servicer in effect on the date of this Agreement and attached hereto as Exhibit E, as may be modified in compliance with this Agreement and the Transaction Documents. 

“Defaulted Receivable” means a Receivable: 

(a) as to which any payment, or part thereof, remains unpaid for more than 10 days from the original due date for such payment, or 

(b) without duplication (i) as to which an Account Debtor Insolvency Event shall have occurred, or (ii) that has been (or consistent
with its standard Credit and Collection Policies, should have been) written off on Seller’s or Servicer’s books as uncollectible. 

“Default Ratio” means the ratio (expressed as a percentage and rounded to the nearest 1/100 of 1%, with 5/1000th of 1%
rounded upward) computed as of the last day of each calendar month by dividing: (a) the aggregate outstanding balance of all Purchased Receivables that became Defaulted Receivables during such month, by (b) the aggregate credit sales made
by the Wise Alloys LLC during the month that is three calendar months before such month. 

  
 Exhibit A-2 

 “Delinquency Ratio” means the ratio (expressed as a percentage and rounded to
the nearest 1/100 of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each calendar month by dividing: (a) the aggregate outstanding balance of all Purchased Receivables that were Delinquent Receivables on such day by
(b) the aggregate the aggregate outstanding balance of all Purchased Receivables on such day. 
 “Delinquent
Receivable” means a Receivable as to which any payment, or part thereof, remains unpaid for more than 5 days from the original due date for such payment. 

“Delinquent Rate”: A rate of interest equal to 2.00% per annum plus the Discount Rate. 

“Dilution”: All actual and potential offsets to Purchased Receivables, including, without limitation, customer payment and/or
volume discounts, write-offs, deductions, offsets, credit memoranda, returns and allowances, and billing errors, but no event shall include failure or inability of the Account Debtor to timely pay due to credit-related reasons. 

“Discount Rate”: On any date of determination, a rate equal LIBOR plus a per annum rate equal to the Applicable Credit Spread
at such time. 
 “Dispute”: Any dispute, claim, defense or counterclaim relating to one or more Purchased Receivables
(other than an adjustment granted with Purchaser’s prior written consent) asserted or claimed by the Account Debtor in writing or other reasonable and customary form of business communication and which is not remedied within 10 days regardless
of whether the same (i) is in an amount greater than, equal to or less than the applicable Purchased Receivable, or (ii) arises by reason of an act of God, civil strife, war, currency restrictions, foreign political restrictions or
regulations, or any other circumstance beyond the control of Seller or the applicable Account Debtor, but shall in no event include the failure of the Account Debtor to timely pay any of its obligations under the Receivable in the absence of a
Dispute, Dilution or any other event for which any amount is payable pursuant to Section 6. 
 “Eligible
Receivable”: A Receivable that satisfies each of the following conditions to the satisfaction of Purchaser: 
 (i)
is generated by Seller in the ordinary course of its business from sale of goods or the provision of services to an Account Debtor under a duly authorized Contract that is in full force and effect and that is a legal, valid and binding obligation of
Seller and the related Account Debtor, enforceable against such Person in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, arrangement, moratorium, receivership, conservatorship or
other laws relating to or affecting the enforcement of creditors’ rights generally; 
 (ii) such sale of goods or
provision of services to the applicable Account Debtor have been fully delivered or performed by Seller, 
 (iii) the Account
Debtor with respect to such Receivable is rated investment grade by all nationally recognized statistically rating organizations then rating such Account Debtor; 

(iv) that by its terms has an Invoice Due Date that is no more than 120 days from the original invoice date and such Invoice
Due Date has not occurred, 

  
 Exhibit A-3 

 (v) that is owned by Seller, free and clear of all liens, encumbrances and
security interests of any Person. 
 (vi) that is freely assignable without the consent of any Person, including the
applicable Account Debtor, 
 (vii) for which no default or event of default (howsoever defined) exists under the applicable
Contract between Seller and the applicable Account Debtor, 
 (viii) which is not subject to any Dispute or Dilution, 

(ix) the related Account Debtor has been instructed to make payments on such Receivable only to the Collection Account, 

(x) the related Account Debtor (i) is a resident of the United States of America and has provided Seller with a billing
address in the United States of America, (ii) is not an Affiliate of Seller, Servicer or Parent and (iii) is not a natural person, 

(xi) such Receivable (i) is denominated and payable only in USD in the United States and (ii) is not payable in
installments, 
 (xii) such Receivable is not a Receivable which arose as a result of the sale of consigned goods or finished
goods that have incorporated any consigned goods into such finished goods or a sale in which Seller or Servicer acted as a bailee, consignee or agent of any other Person or otherwise not as principal or otherwise in respect of deferred or unearned
revenues, 
 (xiii) such Receivable does not constitute a re-billed amount arising from a deduction taken by the related
Account Debtor with respect to a previously arising Receivable, 
 (xiv) as of the related Purchase Date, no Account Debtor
Insolvency Event has occurred with respect to the related Account Debtor, such Account Debtor is not delinquent or in default on more than 10% of its then unpaid and outstanding Receivables, 

(xv) such Receivable (i) does not arise from a sale of accounts made as part of a sale of a business or constitute an
assignment for the purpose of collection only, (ii) is not a transfer of a single account made in whole or partial satisfaction of a preexisting indebtedness or an assignment of a right to payment under a contract to an assignee that is also
obligated to perform under the contract and (iii) is not a transfer of an interest in or an assignment of a claim under a policy of insurance, 

(xvi) with respect to which no covenant, representation or warranty contained in this Agreement has been breached or is not
true in any material respect, 
 (xvii) that constitutes an account or a payment intangible as defined in the UCC and is not
evidenced by instruments or chattel paper, and 
 (xviii) the related Account Debtor is Anheuser-Busch LLC (but only so long
as Anheuser-Busch LLC remains a direct or indirect wholly-owned subsidiary of Anheuser-Busch InBev SA/NV) and/or such other Account Debtors as Purchaser may agree to from time to time in its sole discretion and in a writing signed by the Purchaser.

  
 Exhibit A-4 

 “Event of Repurchase”: The meaning set forth in Section 7(a) hereof.

 “Excluded Taxes”: Any of the following taxes imposed on or with respect to Purchaser or required to be withheld or
deducted from a payment to Purchaser, taxes imposed on or measured by net income (however denominated) or capital, franchise taxes, and branch profits taxes, in each case, (i) imposed as a result of Purchaser being organized under the laws of,
or having its principal office or applicable lending office located in, the jurisdiction imposing such tax (or any political subdivision thereof) or (ii) that are taxes imposed as a result of a present or former connection between Purchaser and
the jurisdiction imposing such tax (other than connections arising from Purchaser having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, purchase
Purchased Receivables under or engaged in any other transaction pursuant to this Agreement). 
 “Facility Amount”: Up to
USD 100,000,000. 
 “Identification Ratio” means the ratio (expressed as a percentage and rounded to the nearest 1/100 of
1%, with 5/1000th of 1% rounded upward) computed as of the last day of each calendar month by dividing: (a) the aggregate of all Collections during such month on all outstanding receivables originated by the Originator (whether or not Purchased
Receivables hereunder (and whether or not then owned, pledged or otherwise assigned by the Originator), which were not, within five (5) Business Days of receipt of such Collections, properly identified as being related or applicable to a
particular receivable (whether or not a Purchased Receivable), by (b) the aggregate of all Collections during such month on all outstanding Purchased Receivables, which were, within five (5) Business Days of receipt of such Collections,
properly identified as being related or applicable to a particular Purchased Receivable. 
 “Indemnified Amounts”: The
meaning set forth in Section 7(b) hereof. 
 “Indemnified Party”: The meaning set forth in
Section 7(b) hereof. 
 “Insolvency Event”: With respect to any Person, such Person shall generally not pay its
debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against such Person seeking to
adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of
debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for it or for any substantial part of its property and, in the case of any such proceeding instituted against it (but
not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 30 days, or any of the actions sought in such proceeding (including, without limitation, the entry of an order for relief against, or the appointment
of a receiver, trustee, custodian or other similar official for, it or for any substantial part of its property) shall occur; or such Person shall take any action to authorize any of the actions set forth above in this definition; provided,
that in the case of the inability of a Person to pay its debts as such debts become due arising by reason of currency restrictions or foreign political restrictions or regulations beyond the control of Seller or such Person, such event shall not be
deemed an “Insolvency Event” hereunder. 
 “Intercreditor Agreement”: That certain Intercreditor Agreement, dated
as of the date hereof, by and among General Electric Capital Corporation, as ABL Agent, the Purchaser, the Servicer and the Seller, as amended, restated, supplemented or otherwise modified from time to time. 

  
 Exhibit A-5 

 “Invoice Due Date”: With respect to a Purchased Receivable, the last date
identified for timely payment in the applicable original invoice. 
 “LIBOR”: The offered rate for deposits in U.S. dollars
in the London interbank market for a period determined by Purchaser, which is shown on the Telerate screen (page 3750) as of 11:00 a.m. (London time) day that the Purchase Price is paid pursuant hereto; provided, however, that if such
a rate ceases to be available on that or any other source from Telerate, LIBOR Rate shall be a rate per annum equal to the offered rate for deposits in U.S. dollars in the London interbank market for a period determined by Purchaser, that appears on
Reuters Screen LIBO Page (or any successor page) as of 11:00 a.m. (London time) on the day such rate is calculated or if not so reported, then as determined by Purchaser from another recognized source or interbank. 

“Material Adverse Change”: With respect to any Person, an event that results or could likely result in (a) a material
adverse change in (i) the business condition (financial or otherwise), operations, performance or properties of such Person, or (ii) the ability of such Person to fulfill its obligations hereunder, or (b) the impairment of the
validity or enforceability of, or the rights, remedies or benefits available to, Purchaser under this Agreement. 

“Moody’s”: Moody’s Investors Service, Inc. 

“Net Invoice Amount”: The amount shown on the original invoice for the applicable Purchased Receivable as the total amount
payable by the applicable Account Debtor, which amount shall be net of any discounts, credits or other allowances identified with specificity on such original invoice. 

“OFAC”: The meaning set forth in the definition of “Sanctioned Country”. 

“Offset Condition”: On any date of determination shall be satisfied, so long as (i) the aggregate outstanding Purchase
Prices of all Purchased Receivables at such time related to any Account Debtor and its Affiliates (on a combined basis) does not exceed (ii) 90% of (x) the aggregate outstanding principal balance of all receivables payable at such time by
such Account Debtor (whether or not such receivables are Purchased Receivables hereunder), minus (y) the aggregate amounts of principal and interest, if any, at such time in respect of any amounts which are subject to payment by (whether or not
then due and payable) the Seller or any of its Affiliates (on an aggregate basis), to or for the account of such Account Debtor (and any of its Affiliates (on a combined basis). 

“Organization Documents”: Means (a) with respect to any corporation, the certificate or articles of incorporation and
the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and the operating agreement,
or the equivalent thereof; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument,
filing or notice with respect thereto filed in connection with its formation or organization with the applicable governmental authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation
or organization of such entity, or any equivalent thereof. 
 “Originator” means Wise Alloys LLC, as originator and seller
under the Sale Agreement. 
 “Outstanding Account Debtor Purchase Amount”: As of the date of determination, an amount equal
to (i) the aggregate amount paid by Purchaser to Seller in respect of Purchased Receivables of a particular Account Debtor, minus (ii) the aggregate amount of all Collections with respect to such Purchased Receivables actually deposited
into the Collection Account. 

  
 Exhibit A-6 

 “Outstanding Aggregate Purchase Amount”: As of the date of determination, an
amount equal the Outstanding Account Debtor Purchase Amount for all Account Debtors. 
 “Parent”: Constellium Holdco II,
B.V. a Dutch entity. 
 “Parent Guarantee”: A guarantee agreement in form and substance satisfactory to Purchaser duly
executed and delivered by Parent to Purchaser. 
 “Person”: An individual, partnership, corporation (including a business
trust), limited liability company, limited partnership, joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof. 

“Proposed Receivables”: With respect to any Purchase Date, the Eligible Receivables proposed by Seller to Purchaser for
purchase hereunder and described in a Purchase Request to be purchased on such Purchase Date. 
 “Purchase Date”: Each date
on which Purchaser purchases Eligible Receivables. 
 “Purchase Price”: The meaning set forth in Section 2(d)
hereof. 
 “Purchase Request”: The meaning set forth in Section 2(a) hereof. 

“Purchase Termination Date”: The date which is the earlier of (i) on which this Agreement terminates pursuant to
Section 2(b) hereof, (ii) the date declared by Purchaser in its sole discretion following the occurrence of a Termination Event and (iii) March 23, 2016, as such date may be extended in accordance with the terms of
Section 2(b) hereof. 
 “Purchased Receivables”: The meaning set forth in Section 2(a) hereof. 

“Purchaser”: The meaning set forth in the preamble hereto. 

“Receivables”: Any indebtedness or other payment obligation owing to Seller by any Account Debtor (whether constituting an
account or payment intangible), including any right to payment of interest or finance charges and other obligations of such Account Debtor with respect thereto, arising out of Seller’s sale and delivery of goods or Seller’s sale and
provision of services. 
 “Regulatory Change” means, relative to any Person: 

(a) any change in (or the adoption, implementation, administration, change in phase-in or interpretation or commencement of effectiveness of)
any: 
 (i) Applicable Law applicable to such Person; 

(ii) regulation, interpretation, directive, requirement or request (whether or not having the force of law) applicable to such
Person of (A) any governmental authority charged with the interpretation or administration of any Applicable Law referred to in clause (a)(i) or of (B) any fiscal, monetary or other authority having jurisdiction over such Person;

 (iii) GAAP, IFRS or regulatory accounting principles applicable to such Person and affecting the application to such
Person of any Applicable Law, regulation, interpretation, directive, requirement or request referred to in clause (a)(i) or (a)(ii) above; or 

  
 Exhibit A-7 

 (iv) notwithstanding the forgoing, (A) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder, issued in connection therewith or in implementation thereof, and (B) all requests, rules, guidelines and directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign governmental or regulatory authorities, shall in each case be deemed to be a “Regulatory Change” occurring and
implemented after the date hereof, regardless of the date enacted, adopted, issued or implemented; or 
 (b) any change in the application
to such Person of any existing Applicable Law, regulation, interpretation, directive, requirement, request or accounting principles referred to in clause (a)(i), (a)(ii), (a)(iii) or (a)(iv) above. 

“Related Rights:” means, with respect to any Receivable: 

(a) all of the Seller’s and the Originator’s interest in any documents of title evidencing the shipment or storage of
any goods that give rise to such Receivable, and all goods (including returned goods) relating to such Receivable, 
 (b) all
instruments, chattel paper or other documents or contracts, to the extent evidencing such Receivable, 
 (c) all other
security interests or liens and property subject thereto from time to time, to the extent purporting to secure payment of such Receivable, whether pursuant to the Contract related to such Receivable or otherwise, together with all UCC financing
statements or similar filings relating thereto, 
 (d) all of the Seller’s and each Originator’s rights, interests
and claims under the Contracts and all guaranties, indemnities, insurance and other agreements (including the related Contract) or arrangements of whatever character from time to time, to the extent supporting or securing payment of such Receivable
or otherwise relating to such Receivable, whether pursuant to the Contract related to such Receivable or otherwise, 
 (e) in
the case of the Seller, all of such Seller’s right and remedies as against the Originator under the Sale Agreement and/or any other Transaction Document; and 

(f) all Collections and proceeds of any of the foregoing. 

“Repurchase Date”: The meaning set forth in Section 7 hereof. 

“Repurchase Price”: The meaning set forth in Section 7 hereof. 

“Repurchase Rate”: For any Purchased Receivable repurchased by the Seller, a rate per annum equal to the Discount Rate. 

“Repurchase Ratio” means, the ratio (expressed as a percentage) with respect to any month, equal to (i) the aggregate
outstanding balance of all Purchased Receivables which has become the subject of a Repurchase Event, divided by (ii) the aggregate outstanding balance of all Receivables generated by the Wise Alloys LLC one month prior to such month. 

  
 Exhibit A-8 

 “Retained Obligations”: The meaning set forth in Section 8 hereof.

 “Sale Agreement” means the receivables purchase agreement between the Originator and the Seller, dated as of the date
hereof, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof. 
 “Sanctioned
Country”: A country that is the subject of country-wide or territory wide economic or trade sanctions administered by the US Treasury Department’s Office of Foreign Assets Control (“OFAC”). 

“Sanctioned Person”: Any of the following currently or in the future: (i) an entity, vessel, or individual named on
the list of Specially Designated Nationals or Blocked Persons maintained by U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) available at
http://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx or on the consolidated list of persons, groups, and entities subject to the European Union financial sanctions currently available at
http://eeas.europa.eu/cfsp/sanctions/consol-list_en.htm; (ii) any entity or individual located in or organized under the laws of any Sanctioned Country to the extent that the entity or individual is subject to sanctions under Sanctions Laws;
(iii) any entity or individual otherwise a subject of sanctions under Sanctions Laws; and (iv) any entity or individual engaged in sanctionable activities under the Sanctions Laws. 

“Sanctions Laws”: The sanctions laws, regulations, and rules promulgated or administered by OFAC and the U.S. Department of
State, including any enabling legislation or Executive Order related thereto, as amended from time to time; the sanctions and other restrictive measures applied by the European Union in pursuit of the Common Foreign and Security Policy objectives
set out in the Treaty on European Union; the United Kingdom, and any similar sanctions laws as may be enacted from time to time in the future by the U.S., the European Union (and any of its member states), or the Security Council or any other
legislative body of the United Nations; and any corresponding laws of jurisdictions in which Seller operates or in which the proceeds of the Purchase Price will be used or from which repayments of such obligations be derived. 

“Scheduled Payment Date”: For any Account Debtor and any related Purchased Receivable being purchased on a Purchase Date,
shall mean the first date following such Purchase Date which the Seller and Purchaser have agreed to as the scheduled date on which payment with respect to such Purchased Receivable is expected to be received. 

“Seller”: The meaning set forth in the preamble. 

“Servicer”: The meaning set forth in Section 6(a) hereof. 

“Servicing Fee”: The meaning set forth in Section 6(a) hereof. 

“Sold Assets”: The meaning set forth in Section 2(f) hereof. 

“Standard & Poor’s”: Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. 

  
 Exhibit A-9 

 “Termination Event”: Each of the following shall be a “Termination
Event”: 
 (a) (i) Seller, Parent, Originator or Servicer shall fail to perform or observe any term, covenant or agreement under this
Agreement or any Transaction Document and, except as otherwise provided herein, such failure shall continue for five (5) days after such Person’s knowledge or notice thereof, (ii) Seller or Servicer shall fail to make when due any
payment or deposit to be made by it under this Agreement and such failure shall continue unremedied for one Business Day or (iii) Servicer shall resign as Servicer, and no successor Servicer reasonably satisfactory to Purchaser shall have been
appointed; 
 (b) any representation or warranty made by Seller, Parent, Originator or Servicer (or any of their respective officers) under
or in connection with this Agreement or any Transaction Document, or any information or report delivered by Seller, Parent, Originator or Servicer pursuant to the Agreement, shall prove to have been incorrect or untrue in any material respect when
made or deemed made or delivered and shall continue unremedied for five (5) days after such Person’s knowledge or notice thereof; 

(c) Seller or Servicer shall fail to deliver any report required to be delivered by this Agreement when due; 

(d) this Agreement or any purchase pursuant to the Agreement shall for any reason: cease to create with respect to the Purchased Receivables,
or the interest of Purchaser with respect to such Purchased Receivables shall cease to be, a valid and enforceable first priority perfected ownership interest, free and clear of any Adverse Claim; or there shall exist any Adverse Claim on the
Purchased Receivables other than the Adverse Claims created under this Agreement; 
 (e) Seller, Parent, Originator or Servicer shall
generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against Seller or
Servicer seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts under any law relating to bankruptcy, insolvency or
reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for it or for any substantial part of its property and, in the case of any such
proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days, or any of the actions sought in such proceeding (including the entry of an order for relief against, or
the appointment of a receiver, trustee, custodian or other similar official for, it or for any substantial part of its property) shall occur; or Seller, Parent, Originator or Servicer shall take any corporate action to authorize any of the actions
set forth above in this paragraph; 
 (f) (i) on any date of determination the (A) Default Ratio shall exceed 1.00%, (B) the
Delinquency Ratio shall exceed 1.00%; (C) the Repurchase Ratio shall exceed 3.00%, or (D) the Identification Ratio shall exceed 5.00%, (ii) the average for three consecutive calendar months of: (A) the Default Ratio shall exceed
1.00%, (B) the Delinquency Ratio shall exceed 1.00%, (C) the Repurchase Ratio shall exceed 3.00%, or (D) the Identification Ratio shall exceed 5.00% or (iii) the Offset Condition shall fail to be satisfied; 

(g) a Change in Control shall occur; 

(h) (i) Ultimate Parent, Parent, Servicer or any of their subsidiaries shall fail to pay any principal of or premium or interest on any
of its debt that is outstanding in a principal amount of at least €50,000,000 in the aggregate when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall
continue after the applicable grace period, if any, specified in the agreement, mortgage, indenture or instrument relating to such debt (and shall have not been waived); or (ii) any other “default”, “event of default” or
similar event 

  
 Exhibit A-10 

 
shall occur or condition shall exist under any agreement, mortgage, indenture or instrument relating to any such debt and shall continue after the applicable grace period, if any, specified in
such agreement, mortgage, indenture or instrument; 
 (i) to the extent Ultimate Parent has a credit rating from Standard &
Poor’s or Moody’s (including, if applicable, a shadow rating from either such rating agency): (i) such rating shall be downgraded to or below B- by Standard & Poor’s or to or below B3 by Moody’s) or (ii) such
rating of Ultimate Parent is withdrawn by Standard & Poor’s or Moody’s, as the case may be (for the avoidance of doubt, if either Standard & Poor’s or Moody’s takes any of the actions described in clauses
(i) or (ii) above, whether or not such action is taken by the other or both, such action by either such agency shall constitute a Termination Event hereunder); or 

(j) (i) One or more final judgments for the payment of money shall be entered against Seller or (ii) one or more final judgments for the
payment of money in an amount in excess of €50,000,000, individually or in the aggregate, shall be entered against Servicer, Parent or Originator on claims not covered by insurance or as to which the insurance carrier has denied its
responsibility; 
 (k) This Agreement, the Parent Guarantee, at any time, ceases to be the legal, valid and binding obligation of the
Seller, the Originator, the Servicer or the Parent, or the Seller, the Originator, the Servicer or the Parent, at any time, challenges its obligations thereunder; or 

(l) any of the representations or warranties made by the Seller, Parent, Originator or Servicer (or any of their respective officers) set
forth in paragraphs (d), (g), (h), (l), (o) or (q) of Section 3, above, shall at any time or on any date (notwithstanding that pursuant to Section 3, such representations and
warranties are expressed as being made only on the date hereof and on each Purchase Date, for purposes of this paragraph, they shall be deemed to be made on each date during the term of this Agreement), shall prove to be incorrect or untrue in any
material respect at such time or on such date and shall continued unremedied for five (5) days after such Person’s knowledge or notice thereof. 

“Transaction Documents” means this Agreement, the Sale Agreement, the Parent Guarantee, the Intercreditor Agreement, any
account, control or similar agreement (if any) covering the Collection Account and all other certificates, instruments, UCC financing statements, reports, notices, agreements and documents executed or delivered under or in connection with this
Agreement, in each case as the same may be amended, supplemented or otherwise modified from time to time in accordance with this Agreement. 

“UCC”: The Uniform Commercial Code in effect in the State of New York from time to time. 

“Ultimate Parent” means Constellium N.V., a Dutch public limited liability company. 

“Unmatured Termination Event” means an event that, with the giving of notice or lapse of time, or both, would constitute a
Termination Event. 
 “USD”: United States Dollars, the lawful currency of the United States of America. 

  
 Exhibit A-11 

 Exhibit B 

Form of Purchase Request 

[date] 
 HSBC Bank USA, National Association 

452 Fifth Avenue 
 New York, New York 10018 

Reference is hereby made to that certain Receivable Purchase Agreement, dated as of March 23, 2015, between Wise Alloys Funding LLC
(“Seller”) and HSBC Bank USA, National Association (“Purchaser”) (as it may be amended, modified or supplemented from time to time, the “Agreement”; capitalized terms not otherwise defined herein
shall have the meanings set forth in the Agreement). 
 Pursuant to the terms of the Agreement, Seller hereby requests that Purchaser
purchase from Seller the Proposed Receivables listed herein with an aggregate Net Invoice Amount of USD[        ]. 

Seller represents and warrants that as of the date hereof and on the Purchase Date: 

1. Following the purchase of the Proposed Receivables set forth in this Purchase Request, (A) the Outstanding Aggregate Purchase Amount
does not exceed USD[        ] and (B) the Outstanding Account Debtor Purchase Amount with respect to the Purchased Receivables (assuming the Proposed Receivables constitute Purchased Receivables) payable
by any Account Debtor does not exceed the sublimit established by Purchaser for such Account Debtor; 
 2. Seller’s representations,
warranties and covenants set forth in the Agreement are true and correct; 
 3. The conditions precedent for purchase set forth in
Section 2(d) of the Agreement have been satisfied; 
 4. No Event of Repurchase exists on such Purchase Date except for repurchases
being effectuated on the date hereof by setoff by Purchaser against the Purchase Price for the Proposed Receivables; and 
 5. There has not
been any Material Adverse Change in Seller. 
 6. Set forth below is the applicable invoice related to the Proposed Receivables offered for
sale by Seller to Purchaser based on the approved Account Debtor(s), including Account Debtor’s legal name, address, the invoice number(s), the stated amount of the invoice(s), the date and term of the invoice, the stated due date of such
invoice (s), the Scheduled Payment Date of such invoice, the related Buffer Period and the calculation of the Offset Condition: 
  

							
			[		 		]
				
			[		 		]
				
			[		 		]

  
 Exhibit B-1 

 Upon acceptance by Purchaser of this Purchase Request and payment of the Purchase Price, Purchaser hereby
purchases, and Seller hereby sells, all of Seller’s right, title and interest with respect to the Proposed Receivables on the attached Exhibit as of the date hereof, and the Proposed Receivables shall become Purchased Receivables in the manner
set forth in the Agreement. 
  

					
	[                                    
    ]
		
	By:		  

			Name:		
			Title:		

  

					
	PURCHASE REQUEST ACCEPTED:
	
	HSBC Bank USA, National Association
		
	By:		  

			Name:		
			Title:		
			Date:		  

  
 Exhibit C-2 

 Exhibit C 

[Reserved.] 

  
 Exhibit C-1 

 Exhibit D 

Payment Reconciliation 

Exhibit D shows the payment for each individual invoice related to the Purchased Receivable. 

Please include all the information in the Purchase Request together with the payment date, payment amount, any Dilutions and the outstanding
amount, if any. 
  

																							
	 Account
	  	SOLD_TO_NAME
(Customer)	  	Address	  	Document No
(Invoice No)	  	Amount	  	Invoice
Date	  	Invoice
Due Date	  	Term
Date	  	Payment
Date	  	Payment
Amount	  	Offsets	  	Outstanding
		  		  		  		  		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  		  		  		  		  	

  
 Exhibit D-1 

 Exhibit E 

Credit and Collection Policies 

  
 Exhibit E-1EX-4.2

 Exhibit 4.2 
  

 
  

HEALTHCARE REALTY TRUST INCORPORATED 

AND 

REGIONS BANK 

AS TRUSTEE 
  

 

SIXTH SUPPLEMENTAL INDENTURE 

DATED AS OF APRIL 24, 2015 

 
  

SUPPLEMENT TO INDENTURE DATED AS OF
MAY 15, 2001 
  
  

 

 SIXTH SUPPLEMENTAL INDENTURE 

SIXTH SUPPLEMENTAL INDENTURE, dated as of April 24, 2015, between HEALTHCARE
REALTY TRUST INCORPORATED, a Maryland corporation (hereinafter called the “Company”), having its principal office at 3310 West End Avenue, Suite 700, Nashville, Tennessee 37203, and
REGIONS BANK, an Alabama banking corporation, as Trustee (hereafter called the “Trustee”), having a Corporate Trust Office at 150 Fourth Avenue North, Suite 900, Nashville, Tennessee 37219, as Trustee
under the Indenture (as hereinafter defined). 
 RECITALS 

WHEREAS, the Company and the Trustee are parties to an Indenture, dated as of May 15, 2001, a copy of which is attached
hereto as Exhibit A and which is incorporated herein by reference (hereinafter called the “Indenture”) providing for the issuance by the Company from time to time of its senior debt securities evidencing its unsecured and
unsubordinated indebtedness (the “Securities”); 
 WHEREAS, the Company desires to issue a series of senior
debt securities under the Indenture designated as its 3.875% Senior Notes due 2025 (the “Notes”), and has duly authorized the creation of the Notes and the execution and delivery of this Sixth Supplemental Indenture to modify the
Indenture and provide certain additional provisions as hereinafter described; and 
 WHEREAS, the Company and the Trustee
deem it advisable to enter into this Sixth Supplemental Indenture for the purposes of providing for the rights, obligations and duties of the Company and the Trustee with respect to the Notes and to set forth certain specific provisions with respect
thereto. 
 NOW, THEREFORE, THIS SIXTH SUPPLEMENTAL
INDENTURE WITNESSETH: 
 For and in consideration of the premises, the Company and the Trustee covenant and
agree, for the equal and proportionate benefit of all Holders of the Notes, as follows: 
 ARTICLE ONE

 RELATION TO INDENTURE; DEFINITIONS 

Section 1.01. This Sixth Supplemental Indenture constitutes an integral part of the Indenture. 

Section 1.02. Pursuant to Section 301(25) of the Indenture, so long as any of the Notes are Outstanding, the following
definitions shall be applicable to the Notes, be included as defined terms with respect to the Notes for all purposes and, to the extent inconsistent with the definition of such term contained in Section 101 of the Indenture, shall replace such
definition with respect to the Notes: 
 “Capital Lease” means at any time a lease with respect to which the lessee is
required concurrently to recognize the acquisition of any asset and the incurrence of a liability in accordance with GAAP. 

 “Comparable Treasury Issue” means the U.S. Treasury security selected by an
Independent Investment Banker as having a maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate
debt securities of comparable maturity to the remaining term of such Notes. 
 “Comparable Treasury Price” means
(i) the average of four Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (ii) if the Independent Investment Banker obtains fewer than four such
Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Consolidated Income Available for Debt Service”
for any period means Earnings from Operations plus amounts which have been deducted, and minus amounts which have been added, for (i) Consolidated Interest Expense, (ii) provision for taxes of the Company and its Subsidiaries based on
income, (iii) amortization (other than amortization of debt discount) and depreciation, (iv) provisions for gains and losses from sales or joint ventures, (v) increases in deferred taxes and other non-cash items, (vi) charges
resulting from a change in accounting principles, or (vii) charges for early extinguishment of debt. 
 “Consolidated Interest
Expense” means, for any period, and without duplication, all interest (including the interest component of rentals on capitalized leases, letter of credit fees, commitment fees and other like financial charges) and all amortization of debt
discount on all Debt (including, without limitation, payment-in-kind, zero coupon and other like securities) of the Company and its Subsidiaries, but excluding legal fees, title insurance charges and other out-of-pocket fees and expenses incurred in
connection with the issuance of Debt, all determined in accordance with GAAP, and the amount of dividends that are payable during such period in respect of any Disqualified Stock. 

“Corporate Trust Office” means the office of the Trustee at which, at any particular time, its service as Trustee hereunder
shall be principally administered, which office at the date hereof is located at Regions Bank, Corporate Trust Services, 150 Fourth Avenue North, Suite 900, Nashville, Tennessee 37219 and, for purposes of the Place of Payment provisions of Sections
305 and 1002 of the Indenture, is located at Regions Bank, Corporate Trust Services, 150 Fourth Avenue North, Suite 900, Nashville, Tennessee 37219. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which by the terms of such Capital
Stock (or by the terms of any security into which it is convertible or for which it is exchangeable or exercisable), upon the happening of any event or otherwise (i) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or
otherwise (other than Capital Stock which is redeemable solely in exchange for common stock), (ii) is convertible into or exchangeable or exercisable for Debt or Disqualified Stock or (iii) is redeemable at the option of the holder
thereof, in whole or in part (other than Capital Stock which is redeemable solely in exchange for Capital Stock which is not Disqualified Stock or the redemption price of which may, at the option of such Person, be paid in Capital Stock which is not
Disqualified Stock), in each case on or prior to the Stated Maturity of the Notes. 

  
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 “Earnings from Operations” for any period means the net earnings determined in
accordance with GAAP, excluding gains and losses on sales of investments, extraordinary items and property valuation losses. 

“Independent Investment Banker” means either J.P. Morgan Securities LLC or Barclays Capital Inc., as specified by the
Company, or, if these firms are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Company. 

“Lien” means, with respect to any Person, any mortgage, lien, pledge, charge, security interest or other encumbrance, or any
interest or title of any vendor, lessor, lender or other secured party to or of such Person under any conditional sale or other title retention agreement or Capital Lease, upon or with respect to any property or asset of such Person (including, in
the case of stock, stockholder agreements, voting trust agreements and all similar arrangements). 
 “Make-Whole Amount”
means, in connection with any optional redemption or accelerated payment of any Notes, the excess, if any, of (i) the sum of the present values as of the date of such redemption or accelerated payment of the remaining scheduled payments of
principal and interest on the Notes to be redeemed or repaid (not including any portion of such payments of interest accrued to the date of redemption or repayment) discounted to the date of redemption on a semiannual basis (assuming a 360-day year
consisting of twelve 30-day months) at the applicable Treasury Rate (determined on the third Business Day preceding the date such notice of redemption is given or declaration of acceleration is made) plus 30 basis points, over (ii) the
Outstanding Principal Amount. 
 “Mortgage Debt” means Debt of the Company or any Subsidiary secured by a Lien on one or
more parcels of their real property. 
 “Notes” means the Company’s 3.875% Senior Notes due 2025. 

“Outstanding Principal Amount” means, at any time, 100% of the principal amount of Notes then outstanding to be redeemed or
repaid. 
 “Reference Treasury Dealer” means (i) J.P. Morgan Securities LLC and its successors, (ii) Barclays
Capital Inc. and its successors, provided, however, that if either of the foregoing shall cease to be a primary U.S. government securities dealer in the United States (a “Primary Treasury Dealer”), the Company will
substitute therefor another Primary Treasury Dealer and (iii) any two other Primary Treasury Dealers selected by the Company after consultation with the Independent Investment Banker. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker at
5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 
 “Secured Debt” means Debt
secured by any mortgage, trust deed, deed of trust, deed to secure debt, security agreement, pledge, conditional sale or other title retention agreement, capitalized lease, or other like agreement granting or conveying security title to or a
security interest in real property or other 

  
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tangible assets, other than those relating to intercompany debt. For purposes hereof, such Debt shall become Secured Debt at the time it first becomes secured by execution of any of the
documents, instruments or agreements described in the immediately preceding sentence. 
 “Total Assets” as of any date
means the sum of (i) Undepreciated Real Estate Assets and (ii) all other assets of the Company determined in accordance with GAAP (but excluding accounts receivable and non-real estate intangibles). 

“Total Unencumbered Assets” as of any date means the sum of (i) those Undepreciated Real Estate Assets not securing any
portion of Secured Debt and (ii) all other assets of the Company and its Subsidiaries not securing any portion of Secured Debt determined in accordance with GAAP (but excluding accounts receivable and non-real estate intangibles) after
eliminating intercompany accounts and transactions; provided, however, that, all investments in any Person that is not consolidated for financial reporting purposes in accordance with GAAP shall be excluded from Total Unencumbered Assets. 

“Treasury Rate” means, with respect to any Redemption Date: 

 

	 	•	 	the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication
which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for
the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the remaining term of the Notes to be redeemed, yields for the two published maturities most closely corresponding to the Comparable
Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month); or 

 

	 	•	 	if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the
Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

“Undepreciated Real Estate Assets” as of any date means the cost (original cost plus capital improvements) of any real estate
assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP. 

“Unsecured Debt” means at any time the aggregate unpaid principal amount of all Debt of the Company and its Subsidiaries
other than (i) Debt of a Subsidiary owing to the Company or to a Wholly-Owned Subsidiary, (ii) Mortgage Debt and (iii) Secured Debt. 

“Wholly-Owned Subsidiary” means, at any time, any Subsidiary 100% of all of the equity interests (except directors’
qualifying shares) and voting interests and all Debt of which are owned by any one or more of the Company and the Company’s other Wholly-Owned Subsidiaries at such time. 

  
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 ARTICLE TWO 

CREATION OF THE NOTES 

Section 2.01. Pursuant to the terms hereof and the Indenture, the Company hereby creates a series of its Notes known as the
“3.875% Senior Notes due 2025” each of which shall be deemed Securities for all purposes of the Indenture. 

Section 2.02. The definitive form of the Notes shall be substantially in the form set forth in Exhibit B attached hereto,
which is incorporated herein and made part hereof. 
 Section 2.03.(a) The Notes will bear interest at a rate of 3.875% per
annum, from April 24, 2015 or from the immediately preceding Interest Payment Date (as defined below) to which interest has been paid or duly provided for, payable semi-annually in arrears on May 1 and November 1 of each year,
commencing November 1, 2015 (each, an “Interest Payment Date”), to the Person in whose name such Note (or any predecessor) is registered at the close of business on April 15 or October 15 (whether or not a
Business Day), as the case may be, next preceding such Interest Payment Date (each, a “Regular Record Date”). Interest on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months. 

(b) The interest so payable on any Note which is not punctually paid or duly provided for on any Interest Payment Date (“Defaulted
Interest”) shall forthwith cease to be payable to the Person in whose name such Note is registered on the relevant Regular Record Date, and such Defaulted Interest shall instead be payable either (i) to the Person in whose name such
Note is registered on the Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to the Holder of such Note not less than ten days prior to such Special Record Date or (ii) may
be paid at any time in any other lawful manner in accordance with the Indenture. 
 (c) If any Interest Payment Date or Stated Maturity
falls on a day that is not a Business Day, the required payment shall be made on the next Business Day as if it were made on the date such payment was due and no interest shall accrue on the amount so payable for the period from and after such
Interest Payment Date or Stated Maturity, as the case may be. 
 (d) The Notes will mature on May 1, 2025. 

Section 2.04. The Notes shall initially not exceed $250,000,000 in aggregate principal amount, and may, upon the execution and
delivery of this Sixth Supplemental Indenture or from time to time thereafter, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Notes to or upon the written
order of the Company, signed by its President or a Vice President and by its Treasurer or an Assistant Treasurer or its Secretary or an Assistant Secretary, without further action by the Company. The series of Securities comprised of the Notes may
be reopened and additional Notes forming a part of the same series may be issued in the future. 
 Section 2.05. The
Trustee’s certificate of authentication to be borne by the Notes shall be substantially of the tenor and purport as provided in the Indenture. 

  
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 Section 2.06. The Notes may be redeemed at any time in whole or from time to time in part,
at the option of the Company at a redemption price equal to (i) in the case of a Redemption Date prior to February 1, 2025, the sum of (A) the Outstanding Principal Amount, (B) accrued and unpaid interest on the Outstanding
Principal Amount and (C) the Make-Whole Amount, if any, or (ii) in the case of a Redemption Date on or after February 1, 2025, the sum of (A) the Outstanding Principal Amount and (B) accrued and unpaid interest on the
Outstanding Principal Amount (the “Redemption Price”). The Company shall calculate the Redemption Price to be paid pursuant to this Section 2.06 and, together with any notice of redemption required by Section 1102 of the
Indenture, shall provide the Trustee an Officer’s Certificate setting forth the Redemption Price, upon which Certificate the Trustee shall be entitled to rely. 

Section 2.07. The Place of Payment where the Notes may be presented or surrendered for payment, where the Notes may be surrendered
for registration of transfer or exchange and where notices and demands to and upon the Company in respect of the Notes and the Indenture may be served shall be in the City of Nashville, Tennessee, and the office or agency for such purpose shall be
located at 150 Fourth Avenue North, Suite 900, Nashville, Tennessee 37219. 
 Section 2.08. Payment of the principal of and
interest on the Notes will be made at the office or agency of the Company maintained for that purpose (which shall initially be an office or agency of the Trustee), in Dollars; provided, however, that, at the option of the Company, payments
of principal and interest on the Notes (other than payments of principal and interest due at Stated Maturity) may be made (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or
(ii) by wire transfer to an account maintained by the Person entitled thereto located within the United States, provided, that such Person owns Notes in an aggregate principal amount of at least $1,000,000 and such Person makes a written
request therefor for the appropriate Interest Payment Date. 
 Section 2.09. Principal and interest on the Notes shall be
payable in Dollars. 
 Section 2.10. The Notes shall be issuable and transferable in fully registered form as Registered
Securities, without coupons. The Notes shall each be issued in global form. The depository for the Notes shall be The Depository Trust Company (“DTC”). The Notes shall not be issuable in definitive form except as provided in the
Indenture. 
 Section 2.11. The Trustee shall initially serve as Registrar and Paying Agent for the Notes. 

Section 2.12. The provisions of Section 1402 and 1403 of the Indenture, together with the other provisions of Article
Fourteen of the Indenture, shall be applicable to the Notes. The provisions of Section 1403 of the Indenture shall apply to the covenants set forth in Article Four of this Sixth Supplemental Indenture and to those covenants specified in
Section 1403 of the Indenture. 
 ARTICLE THREE 

APPOINTMENT OF THE TRUSTEE FOR THE
NOTES 
 Section 3.01. Pursuant and subject to the Indenture, the Company hereby appoints the Trustee as
trustee to act on behalf of the Holders of the Notes, effective upon execution and delivery of 

  
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this Sixth Supplemental Indenture. By execution, acknowledgement and delivery of this Sixth Supplemental Indenture, the Trustee hereby accepts appointment as trustee with respect to the Notes,
and agrees to perform such trusts upon the terms and conditions in the Indenture and in this Sixth Supplemental Indenture set forth. 

Section 3.02. Any rights, powers, duties and obligations by any provisions of the Indenture conferred or imposed upon the Trustee
shall, insofar as permitted by law, be conferred or imposed upon and exercised or performed by the Trustee with respect to the Notes. 

ARTICLE FOUR 

COVENANTS OF THE COMPANY 

The covenants provided for by Article Ten of the Indenture will be applicable to the Notes. In addition, pursuant to Section 301(15) of
the Indenture, so long as any of the Notes are Outstanding, the Company covenants and agrees as follows: 
 Section 4.01.
Limitations on Incurrence of Total Debt. The Company will not, and will not permit any Subsidiary to, incur any Debt if, immediately after giving effect to the incurrence of such additional Debt and the application of the proceeds thereof, the
aggregate principal amount of all outstanding Debt of the Company and its Subsidiaries (determined on a consolidated basis in accordance with GAAP) is greater than 60% of the sum of (without duplication) (i) the Total Assets of the Company and
its Subsidiaries as of the end of the calendar quarter covered in the Company’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q, as the case may be, most recently filed with the Commission (or, if such filing is not permitted under
the Exchange Act, with the Trustee) prior to the incurrence of such additional Debt and (ii) the purchase price of any real estate assets or mortgages receivable acquired, and the amount of any securities offering proceeds received (to the
extent that such proceeds were not used to acquire real estate assets or mortgages receivable or used to reduce Debt), by the Company or any Subsidiary since the end of such calendar quarter, including those proceeds obtained in connection with the
incurrence of such additional Debt. 
 Section 4.02. Limitation on Incurrence of Debt Secured by any Lien. The Company will not,
and will not permit any Subsidiary to, incur any Debt secured by any Lien upon any of the property of the Company or any Subsidiary if, immediately after giving effect to the incurrence of such additional Debt and the application of the proceeds
thereof, the aggregate principal amount of all outstanding Debt of the Company and its Subsidiaries (determined on a consolidated basis in accordance with GAAP), which is secured by any Lien on property of the Company or any Subsidiary, is greater
than 40% of the sum of (without duplication) (i) the Total Assets of the Company and its Subsidiaries as of the end of the calendar quarter covered in the Company’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q, as the case
may be, most recently filed with the Commission (or, if such filing is not permitted under the Exchange Act, with the Trustee) prior to the incurrence of such additional Debt and (ii) the purchase price of any real estate assets or mortgages
receivable acquired, and the amount of any securities offering proceeds received (to the extent that such proceeds were not used to acquire real estate assets or mortgages receivable or used to reduce Debt), by the Company or any Subsidiary since
the end of such calendar quarter, including those proceeds obtained in connection with the incurrence of such additional Debt. 

  
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 Section 4.03. Maintenance of Total Unencumbered Assets. The Company and its
Subsidiaries will not at any time own Total Unencumbered Assets equal to less than 150% of the aggregate outstanding principal amount of the Unsecured Debt of the Company and its Subsidiaries on a consolidated basis. 

Section 4.04. Debt Service Coverage. The Company will not, and will not permit any Subsidiary to, incur any Debt if the ratio of
Consolidated Income Available for Debt Service to the Consolidated Interest Expense for the four consecutive fiscal quarters most recently ended prior to the date on which such additional Debt is to be incurred shall have been less than 1.5:1 on a
pro forma basis after giving effect thereto and to the application of the proceeds therefrom, and calculated on the assumption that (i) such Debt and any other Debt incurred by the Company and its Subsidiaries since the first day of such
four-quarter period and the application of the proceeds therefrom, including to refinance other Debt, had occurred at the beginning of such period; (ii) the repayment or retirement of any other Debt by the Company and its Subsidiaries since the
first day of such four-quarter period had been repaid or retired at the beginning of such period (except that, in making such computation, the amount of Debt under any revolving credit facility shall be computed based upon the average daily balance
of such Debt during such period); (iii) in the case of Acquired Debt or Debt incurred in connection with any acquisition since the first day of such four-quarter period, the related acquisition had occurred as of the first day of such period
with the appropriate adjustments with respect to such acquisition being included in such pro forma calculation; and (iv) in the case of any acquisition or disposition by the Company or its Subsidiaries of any asset or group of assets since the
first day of such four-quarter period, whether by merger, stock purchase or sale, or asset purchase or sale, such acquisition or disposition or any related repayment of Debt had occurred as of the first day of such period with the appropriate
adjustments with respect to such acquisition or disposition being included in such pro forma calculation. 
 ARTICLE
FIVE 
 MISCELLANEOUS 

Section 5.01. Each and every term and condition contained in the Indenture shall apply to this Sixth Supplemental Indenture with
the same force and effect as if the same were herein set forth in full, with such omissions, variations and modifications thereof as may be appropriate to make the same conform to this Sixth Supplemental Indenture. As supplemented by this Sixth
Supplemental Indenture, the Indenture shall be read, taken and construed as one and the same instrument; provided, however, that the rights, duties and obligations of the Trustee in this Sixth Supplemental Indenture shall be limited to those
matters expressly relating to the Notes. The permissive rights of the Trustee to take any action under this Sixth Supplemental Indenture or the Indenture shall not be construed as duties. 

Section 5.02. Nothing contained in this Sixth Supplemental Indenture shall be construed to confer upon any person other than a
Holder of the Notes, the Company and the Trustee any right or interest to avail itself or himself, as the case may be, of any benefit under any provision of the Indenture or this Sixth Supplemental Indenture. 

Section 5.03. All capitalized terms which are used herein and not otherwise defined herein are defined in the Indenture and are
used herein with the same meanings as set forth in the Indenture. 

  
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 Section 5.04. This Sixth Supplemental Indenture shall be effective as of the date
first above written and upon the execution and delivery hereof by each of the parties hereto. 
 Section 5.05. This Sixth
Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York. 
 Section 5.06.
This Sixth Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original but all such counterparts shall together constitute but one and the same instrument. 

Section 5.07. This Sixth Supplemental Indenture shall cease to be of further effect upon compliance with Section 401 of the
Indenture with respect to the Notes created hereby. 
 Section 5.08. The provisions of this Sixth Supplemental Indenture shall
only be applicable with respect to, and govern the terms of, the Notes and shall not apply to any other Securities that may be issued by the Company under the Indenture. 

Section 5.09. In case any one or more of the provisions contained in this Sixth Supplemental Indenture or in the Notes shall for
any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Sixth Supplemental Indenture or of the Notes, but this Sixth Supplemental
Indenture and the Notes shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein or therein. 

(signature page follows) 

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

							
					HEALTHCARE REALTY TRUST INCORPORATED
				
	Dated: April 24, 2015				By:		  

					Name:		B. Douglas Whitman, II
					Title:		Executive Vice President, Corporate Finance
			
					REGIONS BANK, as Trustee
				
	Dated: April 24, 2015				By:		  

					Name:		Paul Williams
					Title:		Vice President

 ACKNOWLEDGMENT 

 

			
	STATE OF TENNESSEE		
			) SS:
	COUNTY OF DAVIDSON		

 On the 24th day of April, 2015, before me personally came B. Douglas Whitman, II, to me known, who, being by
me duly sworn, did depose and say that he is the Executive Vice President, Corporate Finance of HEALTHCARE REALTY TRUST INCORPORATED, one of the parties described in and which executed the
foregoing instrument, and that he signed his name thereto by authority of the Board of Directors. 
 [Notarial Seal] 

 

	
	  

	Notary Public
	Commission Expires

  

			
	STATE OF TENNESSEE		
			) SS:
	COUNTY OF DAVIDSON		

 On the 24th day of April, 2015, before me personally came Paul Williams, to me known, who, being by me duly
sworn, did depose and say that he is a Vice President of REGIONS BANK, one of the parties described in and which executed the foregoing instrument, and that he signed his name thereto by authority of the Board of
Directors. 
 [Notarial Seal] 
  

	
	  

	Notary Public
	Commission Expires

 EXHIBIT A 

INDENTURE 

Incorporated by reference to the Company’s Form 8-K filed with the Securities and Exchange Commission on May 17, 2001. 

 EXHIBIT B 

FORM OF NOTE 

[FORM OF FACE OF NOTE] 

UNLESS THIS NOTE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT AND ANY NOTE ISSUED IS REGISTERED IN THE NAME
OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

EXCEPT AS OTHERWISE PROVIDED IN SECTION 305
OF THE INDENTURE, THIS SECURITY MAY BE TRANSFERRED, IN WHOLE BUT NOT
IN PART, ONLY TO ANOTHER NOMINEE OF THE DEPOSITARY OR TO A
SUCCESSOR DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

HEALTHCARE REALTY TRUST INCORPORATED 

3.875% SENIOR NOTE DUE 2025 

 

			
	No.    		[Date]
	$        		CUSIP: 421946AJ3

 FOR VALUE RECEIVED, the undersigned, HEALTHCARE
REALTY TRUST INCORPORATED (herein called the “Company”), a corporation organized and existing under the laws of the State of Maryland, hereby promises to pay to
CEDE & CO., or registered assigns, the principal sum of          DOLLARS on May 1, 2025, with interest (computed on the basis of a 360-day year of
twelve 30-day months) at the rate of 3.875% per annum (a) on the unpaid balance thereof from the date hereof, or from the most recent Interest Payment Date to which interest has been paid or duly
provided for, payable semi-annually in arrears on May 1 and November 1 each year, commencing November 1, 2015, until the principal hereof shall have become due and payable, and (b) to the extent permitted by law on any overdue
payment (including any overdue prepayment) of principal, any overdue payment of interest and any overdue payment of any Make-Whole Amount, payable semi-annually as aforesaid. The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in the Indenture referred to below, be paid to the Person in whose name this Note is registered at the close of business on April 15 and October 15 (whether or not a Business Day), as the case may
be, preceding such Interest Payment Date. 
 Payments of principal of, interest on and any Make Whole Amount with respect to this Note are
to be made in Dollars at the principal office of Regions Bank (herein called the “Trustee,” which term includes any successor trustee under the Indenture with respect to the series of which this Note is a part) in Nashville,
Tennessee or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Indenture referred to below. 

 This Note is one of a series of 3.875% Senior Notes due 2025 (herein called the
“Notes”) issued pursuant to the Sixth Supplemental Indenture, dated as of April 24, 2015 (as from time to time supplemented or amended, the “Sixth Supplemental Indenture”), and the related Indenture dated as of
May 15, 2001 (as from time to time supplemented or amended, and as amended by the Sixth Supplemental Indenture, the “Indenture”), each between the Company and the Trustee, and is entitled to the benefits thereof. All terms used
in this Note not defined herein which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
 This Note
is a registered Note and, as provided in the Indenture, upon surrender of this Note for registration of transfer, duly endorsed, or accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s
attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the Person in whose name this
Note is registered as the owner hereof for the purpose of receiving payment and for all other purposes, and the Company will not be affected by any notice to the contrary. 

The Company will make required prepayments of principal on the dates and in the amounts specified in the Indenture. This Note may be redeemed
at the option of the Company, in whole at any time or from time to time in part, upon the payment of the Redemption Price with respect to that part of the Note to be redeemed. 

If an Event of Default occurs and is continuing, the principal of this Note may be declared or otherwise become due and payable in the manner,
at the price (including any applicable Make-Whole Amount) and with the effect provided in the Indenture. 
 This Note shall be construed and
enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of New York excluding choice-of-law principles of the law of such State that would require the application of the laws of a jurisdiction other than
such State. 
 This Note shall not be valid or become obligatory for any purpose until the certificate of authentication hereon shall have
been executed by the Trustee under the Indenture referred to herein. 

 IN WITNESS WHEREOF, Healthcare Realty Trust
Incorporated has caused this instrument to be duly executed. 
 Dated: 

 

			
	HEALTHCARE REALTY TRUST INCORPORATED
		
	By		  

			B. Douglas Whitman, II, Executive Vice President, Corporate Finance
	
	ATTEST:
		
	By:		  

			Rita Todd, Secretary

 CERTIFICATE OF AUTHENTICATION 

 

			
	This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.
	
	REGIONS BANK, as Trustee
		
	By:		  

			Authorized Signatory

 [REVERSE OF NOTE] 

3.875% SENIOR NOTE DUE 2025 

This Note is one of a duly authorized issue of securities of the Company designated as the 3.875% Senior Notes due 2025, issued and to be
issued in one or more series under the Indenture between the Company and the Trustee, to which the Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is one of the series designated on the first page hereof, initially
limited in aggregate principal amount to $250,000,000. 
 The covenants set forth in Article Four of the Sixth Supplemental Indenture and
Article Ten of the Indenture shall be fully applicable to this Note. 
 The Indenture contains provisions for defeasance at any time of
(a) the entire indebtedness of the Company on this Note and (b) certain restrictive covenants and the related defaults and Events of Default applicable to the Company, in each case, upon compliance by the Company with certain conditions
set forth in the Indenture, which provisions apply to this Note. 
 If any Event of Default with respect to the Notes of this series shall
occur and be continuing, the principal of, accrued interest and the Make-Whole Amount, if any, on, the Notes of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

As provided in and subject to the provisions of the Indenture, the Holder of this Note shall not have the right to institute any proceeding
with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Notes of
this series, the Holders of not less than 25% in principal amount of the Notes of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as
Trustee, offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of not less than a majority in principal amount of Notes of this series at the time Outstanding a direction inconsistent with such request,
and the Trustee shall have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement of any
payment of principal hereof (and the Make-Whole Amount, if any) or any interest thereon on or after the respective due dates expressed herein. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series to be effected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than a majority in principal amount of the
Securities of each series at the time Outstanding affected thereby. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the
Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall
be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Security issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Note. 

 No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, Make-Whole Amount, if any, on, and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the Security
Register, upon surrender of this Note for registration of transfer at the office or agency of the Company in any Place of Payment where the principal of, Make-Whole Amount, if any, on, and interest on this Note are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of this series, of
authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The
Notes of this series are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, Notes of this series are
exchangeable for a like aggregate principal amount of Notes of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Note for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee
nor any such agent shall be affected by notice to the contrary. 
 Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused “CUSIP” numbers to be printed on the Notes of this series as a convenience to the Holders of such Notes. No representation is made as to the correctness or accuracy of such CUSIP
numbers as printed on the Notes, and reliance may be placed only on the other identification numbers printed hereon. 
 [REMAINDER OF PAGE
INTENTIONALLY BLANK] 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

					
	TEN COM		-		as tenants in common
	TEN ENT 		-		as tenants by the entireties
	JT TEN -				as joint tenants with right of survivorship and not as tenants in common

  

									
	UNIF GIFT MIN ACT -		  
		Custodian		  
		
			(Cust)				(Minor)		

  

					
	Under Uniform Gifts to Minor Act		  
		
			(State)		

 Additional abbreviations may also be used though not in the above list 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

 

	
	  

	[Please insert Social Security or other Identifying number of Assignee]
	
	  

	
	  

	[Please print or type name and address including zip code, of Assignee]
	
	  

	
	  

 the within Note and all rights thereunder, hereby irrevocably constituting and appointing such person attorney to transfer
such Note on the books of the Company, with full power of substitution in the premises. 
  

			
	NOTICE:		The signature to this assignment must correspond with the name as written upon the face of the within Note in every particular without alteration or enlargement or any change whatsoever.

  

			
	Your Signature:		  

			(Sign exactly as your name appears on the other side of this Note)

 Signature Guarantee: 
  

	
	  

	 (Authorized Officer)
 Signature must be
guaranteed by an institution which is a participant in the Securities Transfer Agent Medallion Program (STAMP) or similar program.

 SCHEDULE A 

SCHEDULE OF PRINCIPAL AMOUNT 

The initial principal amount of this Global Note shall be $        . The following increases or
decreases in the principal amount of this Global Note have been made: 
  

									
	 AMOUNT OF

DECREASE IN

PRINCIPAL

AMOUNT OF THIS 

GLOBAL NOTE
	  	AMOUNT OF
INCREASE
IN
PRINCIPAL
AMOUNT OF THIS
GLOBAL NOTE	  	PRINCIPAL
AMOUNT OF THIS
GLOBAL NOTE	  	SIGNATURE OF
AUTHORIZED
OFFICER OF
TRUSTEE
OR
NOTES CUSTODIAN	  	DATE
OF
EXCHANGE
FOLLOWING SUCH
DECREASE OR
INCREASE

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