Document:

Registration Rights Agreement

 Exhibit 4.2 
  
 REGISTRATION RIGHTS AGREEMENT 
  
 Dated as of May 5, 2004 
  
 Among 
  
 WISE METALS GROUP LLC 
  
 WISE ALLOYS FINANCE CORPORATION 
  
 and 
  
 THE GUARANTORS NAMED HEREIN 
  
 as Issuers, 
  
 and 
  
 DEUTSCHE BANK SECURITIES INC., 
  
 and 
  
 WACHOVIA CAPITAL MARKETS, LLC 
  
 as Initial Purchasers 
  
 10
1⁄4% Senior Secured Notes due 2012 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

	 1.
	  	 Definitions
	  	1
	 2.
	  	 Exchange Offer
	  	5
	 3.
	  	 Shelf Registration
	  	9
	 4.
	  	 Additional Interest
	  	10
	 5.
	  	 Registration Procedures
	  	12
	 6.
	  	 Registration Expenses
	  	21
	 7.
	  	 Indemnification and Contribution
	  	22
	 8.
	  	 Rules 144 and 144A
	  	26
	 9.
	  	 Underwritten Registrations
	  	26
	 10.
	  	 Miscellaneous
	  	27

  

 -i- 

 REGISTRATION RIGHTS AGREEMENT 
  
 This Registration Rights Agreement (this “Agreement”) is dated as of May 5, 2004, among WISE METALS
GROUP LLC, a Delaware limited liability company (the “Company”), WISE ALLOYS FINANCE CORPORATION, a Delaware corporation and wholly-owned subsidiary of the Company (“Finance”), the subsidiaries of the
Company that are listed on the signature pages hereto (collectively, and together with any entity that in the future executes a supplemental indenture pursuant to which such entity agrees to guarantee the Notes (as hereinafter defined), the
“Guarantors” and, together with the Company and Finance, the “Issuers”), and DEUTSCHE BANK SECURITIES INC. and WACHOVIA CAPITAL MARKETS, LLC, as initial purchasers (the “Initial
Purchasers”). 
  
 This Agreement is entered into in
connection with the Purchase Agreement by and among the Company, Finance, the Guarantors and the Initial Purchasers, dated as of April 30, 2004 (the “Purchase Agreement”), which provides for, among other things, the sale by
the Company and Finance to the Initial Purchasers of $150,000,000 aggregate principal amount of their 10 1⁄4% Senior Secured Notes due 2012 (the “Notes”) guaranteed by the Guarantors (the
“Guarantees”). The Notes and the Guarantees are collectively referenced to herein as the “Securities”. In order to induce the Initial Purchasers to enter into the Purchase Agreement, the Issuers have
agreed to provide the registration rights set forth in this Agreement for the benefit of the Initial Purchasers and any subsequent holder or holders of the Securities. The execution and delivery of this Agreement is a condition to the Initial
Purchasers’ obligation to purchase the Securities under the Purchase Agreement. 
  
 The parties hereby agree as follows: 
  

	 	1.	Definitions 

  
 As used in this Agreement, the following terms shall have the following meanings: 
  
 Additional Interest: See Section 4(a)
hereto. 
  
 Advice: See the
last paragraph of Section 5 hereto. 
  
 Agreement: See the introductory paragraphs hereto. 
  
 Applicable Period: See Section 2(b) hereto. 
  
 Application: See Section 7(a) hereto. 
  
 Business Day: Any day that is not a Saturday, Sunday or a day on which banking institutions in
New York are authorized or required by law to be closed. 
  

 Company: See the introductory paragraphs hereto. 
  
 Effectiveness Date: With respect to (i) the
Exchange Offer Registration Statement, the 180th day after the Issue Date and (ii) any Shelf Registration Statement, the 180th day after the Filing Date with respect thereto; provided, however, that if the Effectiveness Date would
otherwise fall on a day that is not a Business Day, then the Effectiveness Date shall be the next succeeding Business Day. 
  
 Effectiveness Period: See Section 3(a) hereto. 
  
 Event Date: See Section 4(b) hereto. 
  
 Exchange Act: The Securities Exchange Act of
1934, as amended, and the rules and regulations of the SEC promulgated thereunder. 
  
 Exchange Notes: See Section 2(a) hereto. 
  
 Exchange Offer: See Section 2(a) hereto. 
  
 Exchange Offer Registration Statement: See
Section 2(a) hereto. 
  
 Filing
Date: (A) With respect to an Exchange Offer Registration Statement, the 120th day after the Issue Date; and (B) in any other case (which may be applicable notwithstanding the consummation of the Exchange Offer), the 120th day after the
delivery of a Shelf Notice as required pursuant to Section 2(c) hereof; provided, however, that if the Filing Date would otherwise fall on a day that is not a Business Day, then the Filing Date shall be the next succeeding Business
Day. 
  
 Guarantees: See the
introductory paragraphs hereto. 
  
 Guarantors: See the introductory paragraphs hereto. 
  
 Holder: Any holder of a Registrable Note or Registrable Notes. 
  
 Indenture: The Indenture dated as of May 5,
2004, by and between the Company, Finance, the Guarantors and The Bank of New York, as Trustee, pursuant to which the Notes are being issued, as amended or supplemented from time to time in accordance with the terms thereof. 
  
 Information: See Section 5(o) hereto.

  
 Initial Purchasers: See the
introductory paragraphs hereto. 
  

 -2- 

 Initial Shelf Registration: See Section 3(a) hereto. 
  
 Inspectors: See Section 5(o) hereto.

  
 Issue Date: May 5, 2004, the
date of original issuance of the Notes. 
  
 Issuers: See the introductory paragraphs hereto. 
  
 NASD: See Section 5(s) hereto. 
  
 Notes: See the introductory paragraphs hereto. 
  
 Participant: See Section 7(a) hereto. 
  
 Participating Broker-Dealer: See Section 2(b)
hereto. 
  
 Person: An
individual, trustee, corporation, partnership, limited liability company, joint stock company, trust, unincorporated association, union, business association, firm or other legal entity. 
  
 Private Exchange: See Section 2(b) hereto. 
  
 Private Exchange Notes: See Section 2(b)
hereto. 
  
 Prospectus: The
prospectus included in any Registration Statement (including, without limitation, any prospectus subject to completion and a prospectus that includes any information previously omitted from a prospectus filed as part of an effective registration
statement in reliance upon Rule 430A under the Securities Act and any term sheet filed pursuant to Rule 434 under the Securities Act), as amended or supplemented by any prospectus supplement, and all other amendments and supplements to the
Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such Prospectus. 
  
 Purchase Agreement: See the introductory paragraphs hereto. 
  
 Records: See Section 5(o) hereto. 
  
 Registrable Notes: Each Note (and the related
Guarantees) upon its original issuance and at all times subsequent thereto, each Exchange Note (and the related guarantees) as to which Section 2(c)(iv) hereof is applicable upon original issuance and at all times subsequent thereto and each Private
Exchange Note (and the related guarantees) upon original issuance thereof and at all times subsequent thereto, until, in each case, the earliest to occur of (i) a Registration Statement (other than, with respect to any Exchange Note as to which
Section 2(c)(iv) 

  

 -3- 

 
hereof is applicable, the Exchange Offer Registration Statement) covering such Note, Exchange Note or Private Exchange Note has been declared effective by
the SEC and such Note, Exchange Note or such Private Exchange Note (and the related guarantees), as the case may be, has been disposed of in accordance with such effective Registration Statement, (ii) such Note has been exchanged pursuant to the
Exchange Offer for an Exchange Note or Private Exchange Note (and the related guarantees) that may be resold without restriction under state and federal securities laws, (iii) such Note, Exchange Note or Private Exchange Note (and the related
guarantees), as the case may be, ceases to be outstanding for purposes of the Indenture or (iv) such Note, Exchange Note or Private Exchange Note (and the related guarantees), as the case may be, may be resold without restriction pursuant to Rule
144(k) (as amended or replaced) under the Securities Act. 
  
 Registration Statement: Any registration statement of the Issuers that covers any of the Notes, the Exchange Notes or the Private Exchange Notes (and the related guarantees, if any) filed with the SEC
under the Securities Act, including the Prospectus, amendments and supplements to such registration statement, including post-effective amendments, all exhibits, and all material incorporated by reference or deemed to be incorporated by reference in
such registration statement. 
  
 Rule
144: Rule 144 under the Securities Act. 
  
 Rule 144A: Rule 144A under the Securities Act. 
  
 Rule 405: Rule 405 under the Securities Act. 
  
 Rule 415: Rule 415 under the Securities Act. 
  
 Rule 424: Rule 424 under the Securities Act. 
  
 SEC: The United States Securities and Exchange
Commission or any successor agency thereto. 
  
 Securities: See the introductory paragraphs hereto. 
  
 Securities Act: The Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder.

  
 Shelf Notice: See Section 2(c)
hereto. 
  
 Shelf Registration: See
Section 3(b) hereto. 
  
 Shelf Registration
Statement: Any Registration Statement relating to a Shelf Registration. 
  

 -4- 

 Subsequent Shelf Registration: See Section 3(b) hereto. 

 
 TIA: The Trust Indenture Act of 1939, as
amended. 
  
 Trustee: The trustee
under the Indenture and the trustee (if any) under any indenture governing the Exchange Notes and Private Exchange Notes (and the related guarantees). 
  
 Underwritten registration or underwritten offering: A registration in which Registrable Notes are sold to an underwriter for
reoffering to the public. 
  
 Except as otherwise
specifically provided, all references in this Agreement to acts, laws, statutes, rules, regulations, releases, forms, no-action letters and other regulatory requirements (collectively, “Regulatory Requirements”) shall be
deemed to refer also to any amendments thereto and all subsequent Regulatory Requirements adopted as a replacement thereto having substantially the same effect therewith; provided that Rule 144 shall not be deemed to amend or replace Rule
144A. 
  

	 	2.	Exchange Offer. 

  
 (a) Unless the Exchange Offer would violate applicable law or any applicable interpretation of the staff of the SEC, the Issuers shall
file with the SEC, no later than the Filing Date, a Registration Statement (the “Exchange Offer Registration Statement”) on an appropriate registration form with respect to a registered offer (the “Exchange
Offer”) to exchange any and all of the Registrable Notes for a like aggregate principal amount of debt securities of the Company (the “Exchange Notes”) guaranteed by the Guarantors that are identical in all
material respects to the Securities, except that (i) the Exchange Notes shall contain no restrictive legend thereon and (ii) interest thereon shall accrue from the last date on which interest was paid on the Notes or, if no such interest has been
paid, from the Issue Date, and which are entitled to the benefits of the Indenture or a trust indenture which is identical in all material respects to the Indenture (other than such changes to the Indenture or any such other trust indenture as are
necessary to comply with any requirements of the SEC to effect or maintain the qualification thereof under the TIA) and which, in either case, has been qualified under the TIA. The Exchange Offer shall comply with all applicable tender offer rules
and regulations under the Exchange Act and other applicable laws. The Issuers shall use their reasonable best efforts to (x) cause the Exchange Offer Registration Statement to be declared effective under the Securities Act on or before the
Effectiveness Date; (y) keep the Exchange Offer open for at least 30 days (or longer if required by applicable law) after the date that notice of the Exchange Offer is mailed to Holders; and (z) consummate the Exchange Offer on or prior to the 210th
day following the Issue Date. 
  

 -5- 

 Each Holder (including, without limitation, each Participating Broker-Dealer) who
participates in the Exchange Offer will be required to represent to the Issuers in writing (which may be contained in the applicable letter of transmittal) that: (i) any Exchange Notes acquired in exchange for Registrable Notes tendered are being
acquired in the ordinary course of business of the Person receiving such Exchange Notes, whether or not such recipient is such Holder itself; (ii) at the time of the commencement or consummation of the Exchange Offer neither such Holder nor, to the
actual knowledge of such Holder, any other Person receiving Exchange Notes from such Holder has an arrangement or understanding with any Person to participate in the distribution of the Exchange Notes in violation of the provisions of the Securities
Act; (iii) neither the Holder nor, to the actual knowledge of such Holder, any other Person receiving Exchange Notes from such Holder is an “affiliate” (as defined in Rule 405) of the Company or, if it is an affiliate of the Company, it
will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable and will provide information to be included in the Shelf Registration Statement in accordance with Section 5 hereof in order to
have their Notes included in the Shelf Registration Statement and benefit from the provisions regarding Additional Interest in Section 4 hereof; (iv) neither such Holder nor, to the actual knowledge of such Holder, any other Person receiving
Exchange Notes from such Holder is engaging in or intends to engage in a distribution of the Exchange Notes; and (v) if such Holder is a Participating Broker-Dealer, such Holder has acquired the Registrable Notes as a result of market-making
activities or other trading activities and that it will comply with the applicable provisions of the Securities Act (including, but not limited to, the prospectus delivery requirements thereunder). 
  
 Upon consummation of the Exchange Offer in accordance with
this Section 2, the provisions of this Agreement shall continue to apply solely with respect to Registrable Notes that are Private Exchange Notes, Exchange Notes as to which Section 2(c)(iv) is applicable and Exchange Notes held by Participating
Broker-Dealers, and the Issuers shall have no further obligation to register Registrable Notes (other than Private Exchange Notes and Exchange Notes as to which clause 2(c)(iv) hereof applies) pursuant to Section 3 hereof. 
  
 No securities other than the Exchange Notes shall be
included in the Exchange Offer Registration Statement. 
  
 (b) The Issuers shall include within the Prospectus contained in the Exchange Offer Registration Statement a section entitled “Plan of Distribution,” reasonably acceptable to the Initial Purchasers, which shall contain a summary
statement of the positions taken or policies made by the staff of the SEC with respect to the potential “underwriter” status of any broker-dealer that is the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of
Exchange Notes received by such broker-dealer in the Exchange Offer (a “Participating Broker-Dealer”), whether such positions or policies have been publicly disseminated by the staff of the SEC or such positions or policies
represent the prevailing views of the staff of the SEC. Such “Plan of Distribution” section shall also expressly permit, to the 

  

 -6- 

 
extent permitted by applicable policies and regulations of the SEC, the use of the Prospectus by all Persons subject to the prospectus delivery requirements
of the Securities Act, including, to the extent permitted by applicable policies and regulations of the SEC, all Participating Broker-Dealers, and include a statement describing the means by which Participating Broker-Dealers may resell the Exchange
Notes in compliance with the Securities Act. 
  
 The Issuers shall use their reasonable best efforts to keep the Exchange Offer Registration Statement effective and to amend and supplement the Prospectus contained therein in order to permit such Prospectus to be lawfully delivered by all
Persons subject to the prospectus delivery requirements of the Securities Act for such period of time as is necessary to comply with applicable law in connection with any resale of the Exchange Notes; provided, however, that such
period shall not be required to exceed 90 days or such longer period if extended pursuant to the last paragraph of Section 5 hereof (the “Applicable Period”). 
  
 If, prior to consummation of the Exchange Offer, the Initial Purchasers hold any Notes acquired by them that
have the status of an unsold allotment in the initial distribution, the Issuers upon the request of the Initial Purchasers shall simultaneously with the delivery of the Exchange Notes issue and deliver to the Initial Purchasers, in exchange (the
“Private Exchange”) for such Notes held by any such Holder, a like principal amount of notes (the “Private Exchange Notes”) of the Issuers, guaranteed by the Guarantors that are identical in all
material respects to the Exchange Notes except for the placement of a restrictive legend on such Private Exchange Notes. The Private Exchange Notes shall be issued pursuant to the same indenture as the Exchange Notes and bear the same CUSIP number
as the Exchange Notes. 
  
 In connection with the
Exchange Offer, the Issuers shall: 
  
 (1) mail,
or cause to be mailed, to each Holder of record entitled to participate in the Exchange Offer a copy of the Prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related
documents; 
  
 (2) use their reasonable best
efforts to keep the Exchange Offer open for not less than 30 days after the date that notice of the Exchange Offer is mailed to Holders (or longer if required by applicable law); 
  
 (3) utilize the services of a depositary for the Exchange Offer with an address in the Borough of Manhattan,
The City of New York; 
  
 (4) permit Holders to
withdraw tendered Securities at any time prior to the close of business, New York time, on the last Business Day on which the Exchange Offer remains open; and 
  

 -7- 

 (5) otherwise comply in all material respects with all applicable laws, rules and
regulations. 
  
 As soon as practicable after the
close of the Exchange Offer and the Private Exchange, if any, the Issuers shall: 
  
 (1) accept for exchange all Registrable Notes validly tendered and not validly withdrawn pursuant to the Exchange Offer or the Private
Exchange, if any; 
  
 (2) deliver to the Trustee
for cancellation all Registrable Notes so accepted for exchange; and 
  
 (3) cause the Trustee to authenticate and deliver promptly to each Holder of Securities, Exchange Notes or Private Exchange Notes, as the case may be, equal in principal amount to the Securities of such Holder so
accepted for exchange; provided that, in the case of any Securities held in global form by a depositary, authentication and delivery to such depositary of one or more replacement Securities in global form in an equivalent principal amount
thereto for the account of such Holders in accordance with the Indenture shall satisfy such authentication and delivery requirement. 
  
 The Exchange Offer and the Private Exchange shall not be subject to any conditions, other than that (i) the Exchange Offer or Private
Exchange, as the case may be, does not violate applicable law or any applicable interpretation of the staff of the SEC; (ii) no action or proceeding shall have been instituted or threatened in any court or by any governmental agency which might
materially impair the ability of the Issuers to proceed with the Exchange Offer or the Private Exchange, and no material adverse development shall have occurred in any existing action or proceeding with respect to the Issuers; and (iii) all
governmental approvals shall have been obtained, which approvals the Issuers deem necessary for the consummation of the Exchange Offer or Private Exchange. 
  
 The Exchange Notes and the Private Exchange Notes shall be issued under (i) the Indenture or (ii) an indenture identical in all material
respects to the Indenture and which, in either case, has been qualified under the TIA or is exempt from such qualification and shall provide that the Exchange Notes shall not be subject to the transfer restrictions set forth in the Indenture. The
Indenture or such indenture shall provide that the Exchange Notes, the Private Exchange Notes and the Securities shall vote and consent together on all matters as one class and that none of the Exchange Notes, the Private Exchange Notes or the
Securities will have the right to vote or consent as a separate class on any matter. 
  
 (c) If, (i) because of any change in law or in currently prevailing interpretations of the staff of the SEC, the Issuers are not permitted
to effect the Exchange Offer, (ii) the Exchange Offer is not consummated within 210 days of the Issue Date, (provided that 

  

 -8- 

 
if the Exchange Offer shall be consummated after such 210-day period then the Issuers’ obligation under this clause (ii) arising from the failure of the
Exchange Offer to be consummated within such 210-day period shall terminate), (iii) the Initial Purchasers or any holder of Private Exchange Notes so requests in writing to the Company at any time after the consummation of the Exchange Offer, or
(iv) in the case of any Holder that participates in the Exchange Offer, such Holder does not receive Exchange Notes on the date of the exchange that may be sold without restriction under state and federal securities laws (other than due solely to
the status of such Holder as an affiliate of the Issuers within the meaning of the Securities Act) and so notifies the Company within 30 days after such Holder first becomes aware of such restrictions, in the case of each of clauses (i) to and
including (iv) of this sentence, then the Issuers shall promptly deliver to the Holders and the Trustee written notice thereof (the “Shelf Notice”) and shall file a Shelf Registration pursuant to Section 3 hereof. 

 

	 	3.	Shelf Registration. 

  
 If a Shelf Notice is delivered as contemplated by Section 2(c) hereof, then: 
  
 (a) Shelf Registration. The Issuers shall as
promptly as practicable file with the SEC a Registration Statement for an offering to be made on a continuous basis pursuant to Rule 415 covering all of the Registrable Notes (the “Initial Shelf Registration”). The Issuers
shall use their reasonable best efforts to file with the SEC the Initial Shelf Registration on or prior to the applicable Filing Date. The Initial Shelf Registration shall be on Form S-1 or another appropriate form permitting registration of such
Registrable Notes for resale by Holders in the manner or manners designated by them (including, without limitation, one or more underwritten offerings). The Issuers shall not permit any securities other than the Registrable Notes and the Guarantees
to be included in the Initial Shelf Registration or any Subsequent Shelf Registration (as defined below). 
  
 The Issuers shall use their reasonable best efforts to cause the Shelf Registration to be declared effective under the Securities Act on
or prior to the Effectiveness Date and to keep the Initial Shelf Registration continuously effective under the Securities Act until the date that is two years from the Issue Date or such shorter period ending when all Registrable Notes covered by
the Initial Shelf Registration have been sold or cease to be outstanding in the manner set forth and as contemplated in the Initial Shelf Registration or, if applicable, a Subsequent Shelf Registration (the “Effectiveness
Period”); provided, however, that the Effectiveness Period in respect of the Initial Shelf Registration shall be extended to the extent required to permit dealers to comply with the applicable prospectus delivery
requirements of Rule 174 under the Securities Act and as otherwise provided herein and shall be subject to reduction to the extent that the applicable provisions of Rule 144(k) are amended or revised to reduce the two year holding period set forth
therein. 
  

 -9- 

 (b) Withdrawal of Stop Orders; Subsequent Shelf Registrations. If the
Initial Shelf Registration or any Subsequent Shelf Registration ceases to be effective for any reason at any time during the Effectiveness Period (other than because of the sale of all of the Notes registered thereunder), the Issuers shall use their
reasonable best efforts to obtain the prompt withdrawal of any order suspending the effectiveness thereof, and in any event shall within 30 days of such cessation of effectiveness amend such Shelf Registration Statement in a manner to obtain the
withdrawal of the order suspending the effectiveness thereof, or file an additional Shelf Registration Statement pursuant to Rule 415 covering all of the Registrable Notes covered by and not sold under the Initial Shelf Registration or an earlier
Subsequent Shelf Registration (each, a “Subsequent Shelf Registration”). If a Subsequent Shelf Registration is filed, the Issuers shall use their reasonable best efforts to cause the Subsequent Shelf Registration to be
declared effective under the Securities Act as soon as practicable after such filing and to keep such subsequent Shelf Registration continuously effective for a period equal to the number of days in the Effectiveness Period less the aggregate number
of days during which the Initial Shelf Registration or any Subsequent Shelf Registration was previously continuously effective. As used herein the term “Shelf Registration” means the Initial Shelf Registration and any
Subsequent Shelf Registration. 
  
 (c)
Supplements and Amendments. The Issuers shall promptly supplement and amend the Shelf Registration if required by the rules, regulations or instructions applicable to the registration form used for such Shelf Registration, if required
by the Securities Act, or if reasonably requested by the Holders of a majority in aggregate principal amount of the Registrable Notes (or their counsel) covered by such Registration Statement with respect to the information included therein with
respect to one or more of such Holders, or by any underwriter of such Registrable Notes with respect to the information included therein with respect to such underwriter. 
  

	 	4.	Additional Interest. 

  
 (a) The Issuers and the Initial Purchasers agree that the Holders will suffer damages if the Issuers fail to fulfill their obligations
under Section 2 or Section 3 hereof and that it would not be feasible to ascertain the extent of such damages with precision. Accordingly, the Issuers agree to pay, jointly and severally, as liquidated damages, additional interest on the Notes
(“Additional Interest”) under the circumstances and to the extent set forth below (each of which shall be given independent effect): 
  
 (i) if (A) neither the Exchange Offer Registration Statement nor the Initial Shelf Registration has been filed on or prior to the Filing
Date applicable thereto or (B) notwithstanding that the Issuers have consummated or will consummate the Exchange Offer, the Issuers are required to file a Shelf Registration and such Shelf Registration is not filed on or prior to the Filing Date
applicable thereto, then, commencing 

  

 -10- 

 
on the day after any such Filing Date, Additional Interest shall accrue on the principal amount of the Notes at a rate of 0.25% per annum for the first 90
days immediately following such applicable Filing Date, and such Additional Interest rate shall increase by an additional 0.25% per annum at the beginning of each subsequent 90-day period; or 
  
 (ii) if (A) neither the Exchange Offer Registration
Statement nor the Initial Shelf Registration is declared effective by the SEC on or prior to the Effectiveness Date applicable thereto or (B) notwithstanding that the Issuers have consummated or will consummate the Exchange Offer, the Issuers are
required to file a Shelf Registration and such Shelf Registration is not declared effective by the SEC on or prior to the Effectiveness Date applicable to such Shelf Registration, then, commencing on the day after such Effectiveness Date, Additional
Interest shall accrue on the principal amount of the Notes at a rate of 0.25% per annum for the first 90 days immediately following the day after such Effectiveness Date, and such Additional Interest rate shall increase by an additional 0.25% per
annum at the beginning of each subsequent 90-day period; or 
  
 (iii) if (A) the Issuers have not exchanged Exchange Notes for all Notes validly tendered in accordance with the terms of the Exchange Offer on or prior to the 210th day after the Issue Date or (B) if applicable, a
Shelf Registration has been declared effective and such Shelf Registration ceases to be effective at any time during the Effectiveness Period, then Additional Interest shall accrue on the principal amount of the Notes at a rate of 0.25% per annum
for the first 90 days commencing on the (x) 211th day after the Issue Date, in the case of (A) above, or (y) the day such Shelf Registration ceases to be effective in the case of (B) above, and such Additional Interest rate shall increase by an
additional 0.25% per annum at the beginning of each such subsequent 90-day period; 
  
 provided, however, that (1) the Additional Interest rate on the Notes may not accrue under more than one of the foregoing clauses (i)-(iii) at any one time and at no time shall the aggregate amount of additional interest
accruing exceed in the aggregate 1.0% per annum; provided, further, however, that (1) upon the filing of the applicable Exchange Offer Registration Statement or the applicable Shelf Registration as required hereunder (in the
case of clause (i) above of this Section 4), (2) upon the effectiveness of the Exchange Offer Registration Statement or the applicable Shelf Registration Statement as required hereunder (in the case of clause (ii) of this Section 4), or (3) upon the
exchange of the Exchange Notes for all Notes tendered (in the case of clause (iii)(A) of this Section 4), or upon the effectiveness of the applicable Shelf Registration Statement which had ceased to remain effective (in the case of (iii)(B) of this
Section 4), Additional Interest on the Notes in respect of which such events relate as a result of such clause (or the relevant subclause thereof), as the case may be, shall cease to accrue. 
  

 -11- 

 (b) The Issuers shall notify the Trustee within three Business Days after each and every
date on which an event occurs in respect of which Additional Interest is required to be paid (an “Event Date”). Any amounts of Additional Interest due pursuant to clause (a) of this Section 4 will be payable in cash
semiannually on each May 15 and November 15 (to the holders of record on the May 1 and November 1 immediately preceding such dates), commencing with the first such date occurring after any such Additional Interest commences to accrue. The amount of
Additional Interest will be determined by multiplying the applicable Additional Interest rate by the principal amount of the Registrable Notes, multiplied by a fraction, the numerator of which is the number of days such Additional Interest rate was
applicable during such period (determined on the basis of a 360 day year comprised of twelve 30 day months and, in the case of a partial month, the actual number of days elapsed), and the denominator of which is 360. No Additional Interest shall
accrue with respect to Notes that are not Registrable Notes. 
  

	 	5.	Registration Procedures. 

  
 In connection with the filing of any Registration Statement pursuant to Section 2 or 3 hereof, the Issuers shall effect such registrations
to permit the sale of the securities covered thereby in accordance with the intended method or methods of disposition thereof, and pursuant thereto and in connection with any Registration Statement filed by the Issuers hereunder, each of the Issuers
shall: 
  
 (a) Prepare and file with the SEC
prior to the applicable Filing Date a Registration Statement or Registration Statements as prescribed by Section 2 or 3 hereof, and use its reasonable best efforts to cause each such Registration Statement to become effective and remain effective as
provided herein; provided, however, that if (1) such filing is pursuant to Section 3 hereof or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under
the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period relating thereto from whom any Issuer has received written notice that it will be a Participating Broker-Dealer in the Exchange
Offer, before filing any Registration Statement or Prospectus or any amendments or supplements thereto, the Issuers shall furnish to and afford the Holders of the Registrable Notes covered by such Registration Statement (with respect to a
Registration Statement filed pursuant to Section 3 hereof) or each such Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be, their counsel and the managing underwriters, if any, a reasonable opportunity
to review copies of all such documents (including copies of any documents to be incorporated by reference therein and all exhibits thereto) proposed to be filed (in each case at least three Business Days prior to such filing). The Issuers shall not
file any Registration Statement or Prospectus or any amendments or supplements thereto if the Holders of a majority in aggregate principal amount of the Registrable Notes covered by such Registration 

  

 -12- 

 
Statement, their counsel, or the managing underwriters, if any, shall reasonably object on a timely basis. 
  
 (b) Prepare and file with the SEC such amendments and
post-effective amendments to each Shelf Registration Statement or Exchange Offer Registration Statement, as the case may be, as may be necessary to keep such Registration Statement continuously effective for the Effectiveness Period, the Applicable
Period or until consummation of the Exchange Offer, as the case may be; cause the related Prospectus to be supplemented by any Prospectus supplement required by applicable law, and as so supplemented to be filed pursuant to Rule 424; and comply with
the provisions of the Securities Act and the Exchange Act applicable to it with respect to the disposition of all securities covered by such Registration Statement as so amended or in such Prospectus as so supplemented and with respect to the
subsequent resale of any securities being sold by an Participating Broker-Dealer covered by any such Prospectus. Other than during any Blackout Period, the Issuers shall be deemed not to have used their reasonable best efforts to keep a Registration
Statement effective if any Issuer voluntarily takes any action that would result in selling Holders of the Registrable Notes covered thereby or Participating Broker-Dealers seeking to sell Exchange Notes not being able to sell such Registrable Notes
or such Exchange Notes during that period unless such action is required by applicable law or permitted by this Agreement. 
  
 (c) If (1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a Prospectus contained in the Exchange Offer Registration
Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period relating thereto from whom any Issuer has received
written notice that it will be a Participating Broker-Dealer in the Exchange Offer, notify the selling Holders of Registrable Notes (with respect to a Registration Statement filed pursuant to Section 3 hereof), or each such Participating
Broker-Dealer (with respect to any such Registration Statement), as the case may be, their counsel and the managing underwriters, if any, promptly (but in any event within two Business Days), and confirm such notice in writing, (i) when a Prospectus
or any Prospectus supplement or post-effective amendment has been filed, and, with respect to a Registration Statement or any post-effective amendment, when the same has become effective under the Securities Act (including in such notice a written
statement that any Holder may, upon request, obtain, at the sole expense of the Issuers, one conformed copy of such Registration Statement or post-effective amendment including financial statements and schedules, documents incorporated or deemed to
be incorporated by reference and exhibits), (ii) of the issuance by the SEC of any stop order suspending the effectiveness of a Registration Statement or of any order preventing or suspending the use of any preliminary prospectus or the initiation
of any proceedings for that purpose, (iii) if at any time when a 

  

 -13- 

 
prospectus is required by the Securities Act to be delivered in connection with sales of the Registrable Notes or resales of Exchange Notes by Participating
Broker-Dealers the representations and warranties of the Issuers contained in any agreement (including any underwriting agreement) contemplated by Section 5(m) hereof cease to be true and correct, (iv) of the receipt by any Issuer of any
notification with respect to the suspension of the qualification or exemption from qualification of a Registration Statement or any of the Registrable Notes or the Exchange Notes to be sold by any Participating Broker-Dealer for offer or sale in any
jurisdiction, or the initiation or written threat of any proceeding for such purpose, (v) of the happening of any event, the existence of any condition or any information becoming known that makes any statement made in such Registration Statement or
related Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in or amendments or supplements to such Registration Statement, Prospectus or
documents so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading,
and that in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading, and (vi) of the Issuers’ determination that a post-effective amendment to a Registration Statement would be appropriate. 
  
 (d) Use its reasonable best efforts to prevent the issuance of any order suspending the effectiveness of a
Registration Statement or of any order preventing or suspending the use of a Prospectus or suspending the qualification (or exemption from qualification) of any of the Registrable Notes or the Exchange Notes to be sold by any Participating
Broker-Dealer, for sale in any jurisdiction, and, if any such order is issued, to use its reasonable best efforts to obtain the withdrawal of any such order at the earliest practicable moment. 
  
 (e) If a Shelf Registration is filed pursuant to Section 3
and if requested during the Effectiveness Period by the managing underwriter or underwriters (if any), the Holders of a majority in aggregate principal amount of the Registrable Notes being sold in connection with an underwritten offering or any
Participating Broker-Dealer, (i) as promptly as practicable incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or underwriters (if any), such Holders, any Participating Broker-Dealer or
counsel for any of them reasonably determine is necessary to be included therein, (ii) make all required filings of such prospectus supplement or such post-effective amendment as soon as practicable after the Company has received notification of the
matters to be incorporated in such prospectus 

  

 -14- 

 
supplement or post-effective amendment, and (iii) supplement or make amendments to such Registration Statement. 
  
 (f) If (1) a Shelf Registration is filed pursuant to Section
3 hereof, or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during
the Applicable Period, furnish to each selling Holder of Registrable Notes (with respect to a Registration Statement filed pursuant to Section 3 hereof) and to each such Participating Broker-Dealer who so requests (with respect to any such
Registration Statement) and to their respective counsel and each managing underwriter, if any, at the sole expense of the Issuers, one conformed copy of the Registration Statement or Registration Statements and each post-effective amendment thereto,
including financial statements and schedules, and, if requested, all documents incorporated or deemed to be incorporated therein by reference and all exhibits. 
  

(g) If (1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a Prospectus contained in the Exchange Offer Registration
Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period, deliver to each selling Holder of Registrable Notes
(with respect to a Registration Statement filed pursuant to Section 3 hereof), or each such Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be, their respective counsel, and the underwriters, if any, at
the sole expense of the Issuers, as many copies of the Prospectus or Prospectuses (including each form of preliminary prospectus) and each amendment or supplement thereto and any documents incorporated by reference therein as such Persons may
reasonably request; and, subject to the last paragraph of this Section 5, the Issuers hereby consent to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders of Registrable Notes or each such
Participating Broker-Dealer, as the case may be, and the underwriters or agents, if any, and dealers, if any, in connection with the offering and sale of the Registrable Notes covered by, or the sale by Participating Broker-Dealers of the Exchange
Notes pursuant to, such Prospectus and any amendment or supplement thereto. 
  
 (h) Prior to any public offering of Registrable Notes or any delivery of a Prospectus contained in the Exchange Offer Registration Statement by any Participating Broker-Dealer who seeks to sell Exchange Notes during
the Applicable Period, use its reasonable best efforts to register or qualify, and to cooperate with the selling Holders of Registrable Notes or each such Participating Broker-Dealer, as the case may be, the managing underwriter or underwriters, if
any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Notes for offer and sale under the securities or 

  

 -15- 

 
Blue Sky laws of such jurisdictions within the United States as any selling Holder, Participating Broker-Dealer, or the managing underwriter or underwriters
reasonably request in writing; provided, however, that where Exchange Notes held by Participating Broker-Dealers or Registrable Notes are offered other than through an underwritten offering, the Issuers agree to cause their counsel to
perform Blue Sky investigations and file registrations and qualifications required to be filed pursuant to this Section 5(h), keep each such registration or qualification (or exemption therefrom) effective during the period such Registration
Statement is required to be kept effective and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of the Exchange Notes held by Participating Broker-Dealers or the Registrable Notes
covered by the applicable Registration Statement; provided, however, that no Issuer shall be required to (A) qualify generally to do business in any jurisdiction where it is not then so qualified, (B) take any action that would subject
it to general service of process in any such jurisdiction where it is not then so subject or (C) subject itself to taxation in excess of a nominal dollar amount in any such jurisdiction where it is not then so subject. 
  
 (i) If a Shelf Registration is filed pursuant to Section 3
hereof, cooperate with the selling Holders of Registrable Notes and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Notes to be sold, which certificates
shall not bear any restrictive legends and shall be in a form eligible for deposit with The Depository Trust Company; and enable such Registrable Notes to be in such denominations (subject to applicable requirements contained in the Indenture) and
registered in such names as the managing underwriter or underwriters, if any, or Holders may reasonably request. 
  
 (j) Use its reasonable best efforts to cause the Registrable Notes covered by the Registration Statement to be registered with or approved
by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter or underwriters, if any, to consummate the disposition of such Registrable Notes, except as may be required solely as a
consequence of the nature of such selling Holder’s business, in which case the Issuers will cooperate in all respects with the filing of such Registration Statement and the granting of such approvals. 
  
 (k) If (1) a Shelf Registration is filed pursuant to Section
3 hereof, or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during
the Applicable Period, upon the occurrence of any event contemplated by paragraph 5(c)(v) or 5(c)(vi) hereof, as promptly as practicable prepare and (subject to Section 5(a) hereof) file with the SEC, at the sole expense of the Issuers, a supplement
or post-effective amendment 

  

 -16- 

 
to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, or
file any other required document so that, as thereafter delivered to the purchasers of the Registrable Notes being sold thereunder (with respect to a Registration Statement filed pursuant to Section 3 hereof) or to the purchasers of the Exchange
Notes to whom such Prospectus will be delivered by a Participating Broker-Dealer (with respect to any such Registration Statement), any such Prospectus will not contain an untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. 
  
 (l) Use its reasonable best efforts to cause the Registrable Notes covered by a Registration Statement or the Exchange Notes, as the case
may be, to be rated with the appropriate rating agencies (unless such Notes are already so rated), if so requested by the Holders of a majority in aggregate principal amount of Registrable Notes covered by such Registration Statement or the Exchange
Notes, as the case may be, or the managing underwriter or underwriters, if any. 
  
 (m) Prior to the effective date of the first Registration Statement relating to the Registrable Notes, (i) provide the Trustee with
certificates for the Registrable Notes in a form eligible for deposit with The Depository Trust Company and (ii) provide a CUSIP number for the Registrable Notes. 
  
 (n) In connection with any underwritten offering of Registrable Notes pursuant to a Shelf Registration,
enter into an underwriting agreement as is customary in underwritten offerings of debt securities similar to the Securities, and take all such other actions as are reasonably requested by the managing underwriter or underwriters in order to expedite
or facilitate the registration or the disposition of such Registrable Notes and, in such connection, (i) make such representations and warranties to, and covenants with, the underwriters with respect to the business of the Issuers (including any
acquired business, properties or entity, if applicable), and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case, as are customarily made by issuers to
underwriters in underwritten offerings of debt securities similar to the Securities, and confirm the same in writing if and when requested; (ii) obtain the written opinions of counsel to the Issuers, and written updates thereof in form, scope and
substance reasonably satisfactory to the managing underwriter or underwriters, addressed to the underwriters covering the matters customarily covered in opinions reasonably requested in underwritten offerings of debt similar to the Notes; (iii)
obtain “cold comfort” letters and updates thereof in form, scope and substance reasonably satisfactory to the managing underwriter or underwriters from the independent certified public accountants of the Issuers (and, if necessary, any
other independent certified public accountants of the Issuers, 

  

 -17- 

 
or of any business acquired by the Issuers, for which financial statements and financial data are, or are required to be, included or incorporated by
reference in the Registration Statement), addressed to each of the underwriters, such letters to be in customary form and covering matters of the type customarily covered in “cold comfort” letters in connection with underwritten offerings
of debt securities similar to the Securities; and (iv) if an underwriting agreement is entered into, the same shall contain indemnification provisions and procedures no less favorable to the sellers and underwriters, if any, than those set forth in
Section 7 hereof (or such other provisions and procedures reasonably acceptable to Holders of a majority in aggregate principal amount of Registrable Notes covered by such Registration Statement and the managing underwriter or underwriters or
agents, if any) with respect to all parties to be indemnified pursuant thereto. The above shall be done at each closing under such underwriting agreement, or as, and to the extent, required thereunder. 
  
 (o) If (1) a Shelf Registration is filed pursuant to Section
3 hereof, or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during
the Applicable Period, make available for inspection by any Initial Purchaser, any selling Holder of such Registrable Notes being sold (with respect to a Registration Statement filed pursuant to Section 3 hereof), or each such Participating
Broker-Dealer, as the case may be, any underwriter participating in any such disposition of Registrable Notes, if any, and any attorney, accountant or other agent retained by any such selling Holder or each such Participating Broker-Dealer (with
respect to any such Registration Statement), as the case may be, or underwriter (any such Initial Purchaser, Holders, Participating Broker-Dealers, underwriters, attorneys, accountants or agents, collectively, the
“Inspectors”), upon written request, at the offices where normally kept, during reasonable business hours, all pertinent financial and other records, pertinent corporate documents and instruments of the Issuers and
subsidiaries of the Company (collectively, the “Records”), as shall be reasonably necessary to enable them to exercise any applicable due diligence responsibilities, and cause the officers, directors and employees of the
Issuers and any of their respective subsidiaries, if any, to supply all information (“Information”) reasonably requested by any such Inspector in connection with such due diligence responsibilities. Each Inspector shall agree
in writing that it will keep the Records and Information confidential and that it will not disclose any of the Records or Information that any Issuer determines, in good faith, to be confidential and notifies the Inspectors in writing are
confidential unless (i) the disclosure of such Records or Information is necessary to avoid or correct a material misstatement or omission in such Registration Statement or Prospectus, (ii) the release of such Records or Information is ordered
pursuant to a subpoena or other order from a court of competent jurisdiction, (iii) after giving reasonable prior notice to the Issuers, disclosure of such Records 

  

 -18- 

 
or Information is necessary or advisable, in the opinion of counsel for any Inspector, in connection with any action, claim, suit or proceeding, directly or
indirectly, involving or potentially involving such Inspector and arising out of, based upon, relating to, or involving this Agreement or the Purchase Agreement, or any transactions contemplated hereby or thereby or arising hereunder or thereunder,
or (iv) the information in such Records or Information has been made generally available to the public other than through disclosure by an Inspector or an “affiliate” (as defined in Rule 405) thereof; provided, however, that
prior notice shall be provided as soon as practicable to any Issuer of the potential disclosure of any information by such Inspector pursuant to clause (i) or (ii) of this sentence to permit the Issuers to undertake appropriate action to prevent
disclosure of such Records or Information at the Issuers’ expense. 
  
 (p) Provide an indenture trustee for the Registrable Notes or the Exchange Notes, as the case may be, and cause the Indenture or the trust indenture provided for in Section 2(a) hereof, as the case may be, to be
qualified under the TIA not later than the effective date of the first Registration Statement relating to the Registrable Notes; and in connection therewith, cooperate with the trustee under any such indenture and the Holders of the Registrable
Notes, to effect such changes (if any) to such indenture as may be required for such indenture to be so qualified in accordance with the terms of the TIA; and execute, and use its reasonable best efforts to cause such trustee to execute, all
documents as may be required to effect such changes, and all other forms and documents required to be filed with the SEC to enable such indenture to be so qualified in a timely manner. 
  
 (q) Comply with all applicable rules and regulations of the SEC and make generally available to its
securityholders with regard to any applicable Registration Statement, a consolidated earnings statement satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities
Act) no later than 45 days after the end of any fiscal quarter (or 90 days after the end of any 12-month period if such period is a fiscal year) (i) commencing at the end of any fiscal quarter in which Registrable Notes are sold to underwriters in a
firm commitment or best efforts underwritten offering and (ii) if not sold to underwriters in such an offering, commencing on the first day of the first fiscal quarter of the Company, after the effective date of a Registration Statement, which
statements shall cover said 12-month periods. 
  
 (r) Upon consummation of the Exchange Offer or a Private Exchange, obtain an opinion of counsel to the Issuers, in a form customary for underwritten transactions, addressed to the Trustee for the benefit of all Holders of Registrable Notes
participating in the Exchange Offer or the Private Exchange, as the case may be, that the Exchange Notes or Private Exchange Notes, as the case may be, the related guarantee and the related indenture constitute legal, valid and binding obligations
of the Issuers, 

  

 -19- 

 
enforceable against the Issuers in accordance with their respective terms, subject to customary exceptions and qualifications. If the Exchange Offer or a
Private Exchange is to be consummated, upon delivery of the Registrable Notes by Holders to the Company (or to such other Person as directed by the Company), in exchange for the Exchange Notes or the Private Exchange Notes, as the case may be, the
Issuers shall mark, or cause to be marked, on such Registrable Notes that such Registrable Notes are being canceled in exchange for the Exchange Notes or the Private Exchange Notes, as the case may be; in no event shall such Registrable Notes be
marked as paid or otherwise satisfied. 
  
 (s)
Use their reasonable best efforts to cooperate with each seller of Registrable Notes covered by any Registration Statement and each underwriter, if any, participating in the disposition of such Registrable Notes and their respective counsel in
connection with any filings required to be made with the National Association of Securities Dealers, Inc. (the “NASD”). 
  
 (t) Use their reasonable best efforts to take all other steps necessary or advisable to effect the registration of the Exchange Notes
and/or Registrable Notes covered by a Registration Statement contemplated hereby. 
  
 The Issuers may require each seller of Registrable Notes as to which any registration is being effected to furnish to the Issuers such
information regarding such seller and the distribution of such Registrable Notes as the Issuers may, from time to time, reasonably request. The Issuers may exclude from such registration the Registrable Notes of any seller so long as such seller
fails to furnish such information within a reasonable time after receiving such request. Each seller as to which any Shelf Registration is being effected agrees to furnish promptly to the Issuers all information required to be disclosed in order to
make the information previously furnished to the Issuers by such seller not materially misleading. 
  
 If any such Registration Statement refers to any Holder by name or otherwise as the holder of any securities of the Company, then such
Holder shall have the right to require (i) the insertion therein of language, in form and substance reasonably satisfactory to such Holder, to the effect that the holding by such Holder of such securities is not to be construed as a recommendation
by such Holder of the investment quality of the securities covered thereby and that such holding does not imply that such Holder will assist in meeting any future financial requirements of the Company, or (ii) in the event that such reference to
such Holder by name or otherwise is not required by the Securities Act or any similar federal statute then in force, the deletion of the reference to such Holder in any amendment or supplement to the Registration Statement filed or prepared
subsequent to the time that such reference ceases to be required. 
  

 -20- 

 Each Holder of Registrable Notes and each Participating Broker-Dealer agrees by its
acquisition of such Registrable Notes or Exchange Notes to be sold by such Participating Broker-Dealer, as the case may be, that, upon actual receipt of any notice from the Company (i) of the happening of any event of the kind described in Section
5(c)(ii), 5(c)(iv), 5(c)(v), or 5(c)(vi) hereof, such Holder will forthwith discontinue disposition of such Registrable Notes covered by such Registration Statement or Prospectus or Exchange Notes to be sold by such Holder or Participating
Broker-Dealer, as the case may be, until such Holder’s or Participating Broker-Dealer’s receipt of the copies of any supplemented or amended Prospectus contemplated by Section 5(k) hereof, or until it is advised in writing (the
“Advice”) by the Issuers that the use of the applicable Prospectus may be resumed, and has received copies of any amendments or supplements thereto. In the event that the Issuers shall give any such notice, each of the
Applicable Period and the Effectiveness Period shall be extended by the number of days during such periods from and including the date of the giving of such notice to and including the date when each seller of Registrable Notes covered by such
Registration Statement or Exchange Notes to be sold by such Participating Broker-Dealer, as the case may be, shall have received (x) the copies of the supplemented or amended Prospectus contemplated by Section 5(k) hereof or (y) the Advice.

  

	 	6.	Registration Expenses. 

  
 All fees and expenses incident to the performance of or compliance with this Agreement by the Issuers (other than any underwriting
discounts and commissions in the event of an underwritten offering) shall be borne by the Issuers, whether or not the Exchange Offer Registration Statement or any Shelf Registration Statement is filed or becomes effective or the Exchange Offer is
consummated, including, without limitation, (i) all registration and filing fees (including, without limitation, (A) fees with respect to filings required to be made with the NASD in connection with an underwritten offering and (B) fees and expenses
of compliance with state securities or Blue Sky laws (including, without limitation, reasonable fees and disbursements of counsel in connection with Blue Sky qualifications of the Registrable Notes or Exchange Notes and determination of the
eligibility of the Registrable Notes or Exchange Notes for investment under the laws of such jurisdictions (x) where the holders of Registrable Notes are located, in the case of the Exchange Notes, or (y) as provided in Section 5(h) hereof, in the
case of Registrable Notes or Exchange Notes to be sold by a Participating Broker-Dealer during the Applicable Period)), (ii) printing expenses, including, without limitation, expenses of printing certificates for Registrable Notes or Exchange Notes
in a form eligible for deposit with The Depository Trust Company and of printing prospectuses if the printing of prospectuses is requested by the managing underwriter or underwriters, if any, by the Holders of a majority in aggregate principal
amount of the Registrable Notes included in any Registration Statement or in respect of Registrable Notes or Exchange Notes to be sold by any Participating Broker-Dealer during the Applicable Period, as the case may be, (iii) messenger, telephone
and delivery expenses, (iv) fees and disbursements of counsel for the Issuers and, in the case of a Shelf Registration, reasonable fees and disbursements of one 

  

 -21- 

 
special counsel for all of the sellers of Registrable Notes (exclusive of any counsel retained pursuant to Section 7 hereof), (v) fees and disbursements of
all independent certified public accountants referred to in Section 5(o)(iii) hereof (including, without limitation, the expenses of any “cold comfort” letters required by or incident to such performance), (vi) Securities Act liability
insurance, if the Issuers desire such insurance, (vii) fees and expenses of all other Persons retained by the Issuers, (viii) internal expenses of the Issuers (including, without limitation, all salaries and expenses of officers and employees of the
Issuers performing accounting duties), (ix) the expense of any annual audit, (x) any fees and expenses incurred in connection with the listing of the securities to be registered on any securities exchange, and the obtaining of a rating of the
securities, in each case, if applicable, and (xi) the expenses relating to printing and distributing all Registration Statements, underwriting agreements, indentures and any other documents necessary to comply with this Agreement. 
  

	 	7.	Indemnification and Contribution. 

  
 (a) Each of the Issuers agree, jointly and severally, to indemnify and hold harmless each Holder of Registrable Notes and each
Participating Broker-Dealer selling Exchange Notes during the Applicable Period, and each Person, if any, who controls such Person or its affiliates within the meaning of Section 15 of the Act or Section 20 of the Exchange Act (each, a
“Participant”) against any losses, claims, damages or liabilities to which any Participant may become subject under the Act, the Exchange Act or otherwise, insofar as any such losses, claims, damages or liabilities (or actions in
respect thereof) arise out of or are based upon: 
  
 (i) any untrue statement or alleged untrue statement made by any Issuer contained in any application or any other document or any amendment or supplement thereto executed by any Issuer based upon written information furnished by or on
behalf of any Issuer filed in any jurisdiction in order to qualify the Notes under the securities or Blue Sky laws thereof or filed with the SEC or any securities association or securities exchange (each, an “Application”);

  
 (ii) any untrue statement or alleged untrue
statement of any material fact contained in any Registration Statement (or any amendment thereto) or Prospectus (as amended or supplemented if any of the Issuers shall have furnished any amendments or supplements thereto) or any preliminary
prospectus; or 
  
 (iii) the omission or alleged
omission to state, in any Registration Statement (or any amendment thereto) or Prospectus (as amended or supplemented if the Issuers shall have furnished any amendments or supplements thereto) or any preliminary prospectus or any Application or any
other document or any amendment or supplement thereto, a material fact required to be stated therein or necessary to make the statements therein not misleading; 

  

 -22- 

 
and will reimburse, as incurred, the Participant for any reasonable legal or other expenses incurred by the Participant in connection with investigating,
defending against or appearing as a third-party witness in connection with any such loss, claim, damage, liability or action; provided, however, the Issuers will not be liable in any such case (i) to the extent that any such loss,
claim, damage, or liability arises out of or is based upon any untrue statement or alleged untrue statement or omission or alleged omission made in any Registration Statement (or any amendment thereto) or Prospectus (as amended or supplemented if
any of the Issuers shall have furnished any amendments or supplements thereto) or any preliminary prospectus or Application or any amendment or supplement thereto in reliance upon and in conformity with information relating to any Participant
furnished to the Issuers by such Participant specifically for use therein and (ii) if such Participant sold to the person asserting the claim the Registrable Notes or Exchange Notes that are the subject of such claim and such untrue statement or
alleged untrue statement or omission or alleged omission was contained or made in any preliminary prospectus and corrected in the Prospectus or any amendment or supplement thereto and the Prospectus does not contain any other untrue statement or
omission of a material fact that was the subject matter of the related proceeding and it is established by the Issuers in the related proceeding that such Participant failed to deliver or provide a copy of the Prospectus (as amended or supplemented)
to such Person with or prior to the confirmation of the sale of such Registrable Notes or Exchange Notes sold to such Person if required by applicable law, unless such failure to deliver or provide a copy of the Prospectus (as amended or
supplemented) was a result of noncompliance with the Issuers with Section 7 of this Agreement. The indemnity provided for in this Section 7 will be in addition to any liability that the Issuers may otherwise have to the indemnified parties. The
Issuers shall not be liable under this Section 7 for any settlement of any claim or action effected without its prior written consent, which shall not be unreasonably withheld. 
  
 (b) Each Participant, severally and not jointly, agrees to indemnify and hold harmless the Issuers, their
directors, their officers and each Person, if any, who controls the Issuers within the meaning of Section 15 of the Act or Section 20 of the Exchange Act against any losses, claims, damages or liabilities to which the Issuers or any such director,
officer or controlling person may become subject under the Act, the Exchange Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon (i) any untrue statement or alleged
untrue statement of any material fact contained in any Application, Registration Statement or Prospectus, any amendment or supplement thereto, or any preliminary prospectus, or (ii) the omission or the alleged omission to state therein a material
fact necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with
written information concerning such Participant, furnished to the Issuers by the Participant, specifically for use therein; and subject to the limitation set forth immediately preceding this clause, will reimburse, as incurred, any legal or other
expenses incurred by the Issuers or any 

  

 -23- 

 
such director, officer or controlling person in connection with investigating or defending against or appearing as a third party witness in connection with
any such loss, claim, damage, liability or action in respect thereof. The indemnity provided for in this Section 7 will be in addition to any liability that the Participants may otherwise have to the indemnified parties. The Participants shall not
be liable under this Section 7 for any settlement of any claim or action effected without their consent, which shall not be unreasonably withheld. The Issuers shall not, without the prior written consent of such Participant, effect any settlement or
compromise of any pending or threatened proceeding in respect of which any Participant is or could have been a party, or indemnity could have been sought hereunder by any Participant, unless such settlement (A) includes an unconditional written
release of the Participants, in form and substance reasonably satisfactory to the Participants, from all liability on claims that are the subject matter of such proceeding and (B) does not include any statement as to an admission of fault,
culpability or failure to act by or on behalf of any Participant. 
  
 (c) Promptly after receipt by an indemnified party under this Section 7 of notice of the commencement of any action for which such indemnified party is entitled to indemnification under this Section 7, such
indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 7, notify the indemnifying party of the commencement thereof in writing; but the omission to so notify the indemnifying party (i)
will not relieve it from any liability under paragraph (a) or (b) above unless and to the extent such failure results in the forfeiture by the indemnifying party of substantial rights and defenses and (ii) will not, in any event, relieve the
indemnifying party from any obligations to any indemnified party other than the indemnification obligation provided in paragraphs (a) and (b) above. In case any such action is brought against any indemnified party, and it notifies the indemnifying
party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel
reasonably satisfactory to such indemnified party; provided, however, that if (i) the use of counsel chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest, (ii) the
defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party shall have been advised by counsel that there may be one or more legal defenses available to it and/or other indemnified parties
that are different from or additional to those available to the indemnifying party, or (iii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a
reasonable time after receipt by the indemnifying party of notice of the institution of such action, then, in each such case, the indemnifying party shall not have the right to direct the defense of such action on behalf of such indemnified party or
parties and such indemnified party or parties shall have the right to select separate counsel to defend such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so
to assume the defense thereof and approval by such indemnified party of counsel appointed to defend such action, 

  

 -24- 

 
the indemnifying party will not be liable to such indemnified party under this Section 7 for any legal or other expenses, other than reasonable costs of
investigation, subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed separate counsel in accordance with the proviso to the immediately preceding sentence (it
being understood, however, that in connection with such action the indemnifying party shall not be liable for the expenses of more than one separate counsel (in addition to local counsel) in any one action or separate but substantially similar
actions in the same jurisdiction arising out of the same general allegations or circumstances, designated by Participants who sold a majority in interest of the Registrable Notes and Exchange Notes sold by all such Participants in the case of
paragraph (a) of this Section 7 or the Issuers in the case of paragraph (b) of this Section 7, representing the indemnified parties under such paragraph (a) or paragraph (b), as the case may be, who are parties to such action or actions) or (ii) the
indemnifying party has authorized in writing the employment of counsel for the indemnified party at the expense of the indemnifying party. All fees and expenses reimbursed pursuant to this paragraph (c) shall be reimbursed as they are incurred.
After such notice from the indemnifying party to such indemnified party, the indemnifying party will not be liable for the costs and expenses of any settlement of such action effected by such indemnified party without the prior written consent of
the indemnifying party (which consent shall not be unreasonably withheld), unless such indemnified party waived in writing its rights under this Section 7, in which case the indemnified party may effect such a settlement without such consent.

  
 (d) In circumstances in which the indemnity
agreement provided for in the preceding paragraphs of this Section 7 is unavailable to, or insufficient to hold harmless, an indemnified party in respect of any losses, claims, damages or liabilities (or actions in respect thereof), each
indemnifying party, in order to provide for just and equitable contribution, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities(or actions in respect thereof) in such
proportion as is appropriate to reflect (i) the relative benefits received by the indemnifying party or parties on the one hand and the indemnified party on the other from the offering of the Notes or (ii) if the allocation provided by the foregoing
clause (i) is not permitted by applicable law, not only such relative benefits but also the relative fault of the indemnifying party or parties on the one hand and the indemnified party on the other in connection with the statements or omissions or
alleged statements or omissions that resulted in such losses, claims, damages or liabilities (or actions in respect thereof). The relative benefits received by the Issuers on the one hand and such Participant on the other shall be deemed to be in
the same proportion as the total proceeds from the offering (before deducting expenses) of the Notes received by the Issuers bear to the total net profit received by such Participant in connection with the sale of the Notes. The relative fault of
the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Issuers on the
one hand, 

  

 -25- 

 
or the Participants on the other, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission or alleged statement or omission, and any other equitable considerations appropriate in the circumstances. The parties agree that it would not be equitable if the amount of such contribution were determined by pro rata or per capita
allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the first sentence of this paragraph (d). Notwithstanding any other provision of this paragraph (d), no Participant shall be
obligated to make contributions hereunder that in the aggregate exceed the total net profit received by such Participant in connection with the sale of the Notes, less the aggregate amount of any damages that such Participant has otherwise been
required to pay by reason of the untrue or alleged untrue statements or the omissions or alleged omissions to state a material fact, and no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be
entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this paragraph (d), each person, if any, who controls a Participant within the meaning of Section 15 of the Act or Section 20 of the
Exchange Act shall have the same rights to contribution as the Participants, and each director of any Issuer, each officer of any Issuer and each person, if any, who controls any Issuer within the meaning of Section 15 of the Act or Section 20 of
the Exchange Act, shall have the same rights to contribution as the Issuers. 
  

	 	8.	Rules 144 and 144A. 

  
 For so long as the Registrable Notes remain outstanding, each of the Issuers covenants and agrees that it will file the reports required
to be filed by it under the Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder in a timely manner in accordance with the requirements of the Securities Act and the Exchange Act and, if at any time such
Issuer is not required to file such reports, such Issuer will, upon the request of any Holder or beneficial owner of Registrable Notes, make available such information necessary to permit sales pursuant to Rule 144A. Each of the Issuers further
covenants and agrees, for so long as any Registrable Notes remain outstanding that it will take such further action as any Holder of Registrable Notes may reasonably request, all to the extent required from time to time to enable such holder to sell
Registrable Notes without registration under the Securities Act within the limitation of the exemptions provided by Rule 144(k) under the Securities Act and Rule 144A. 
  

	 	9.	Underwritten Registrations. 

  
 If any of the Registrable Notes covered by any Shelf Registration are to be sold in an underwritten offering, the investment banker or
investment bankers and manager or managers that will manage the offering will be selected by the Holders of a majority in aggregate principal amount of such Registrable Notes included in such offering and shall be reasonably acceptable to the
Issuers. 
  

 -26- 

 No Holder of Registrable Notes may participate in any underwritten registration hereunder
unless such Holder (a) agrees to sell such Holder’s Registrable Notes on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and executes all
questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements. 
  

	 	10.	Miscellaneous. 

  
 (a) No Inconsistent Agreements. The Issuers have not, as of the date hereof, and the Issuers shall not, after the date of
this Agreement, enter into any agreement with respect to any of their securities that is inconsistent with the rights granted to the Holders of Registrable Notes in this Agreement or otherwise conflicts with the provisions hereof. The rights granted
to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of the Issuers’ other issued and outstanding securities under any such agreements. The Issuers will not enter into any
agreement with respect to any of their securities which will grant to any Person piggy-back registration rights with respect to any Registration Statement. 
  
 (b) Adjustments Affecting Registrable Notes. The Issuers shall not, directly or indirectly, take any action with respect to
the Registrable Notes as a class that would adversely affect the ability of the Holders of Registrable Notes to include such Registrable Notes in a registration undertaken pursuant to this Agreement. 
  
 (c) Amendments and Waivers. The provisions of
this Agreement may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, otherwise than with the prior written consent of (I) the Company, and (II)(A) the Holders of not less
than a majority in aggregate principal amount of the then outstanding Registrable Notes and (B) in circumstances that would adversely affect the Participating Broker-Dealers, the Participating Broker-Dealers holding not less than a majority in
aggregate principal amount of the Exchange Notes held by all Participating Broker-Dealers; provided, however, that Section 7 and this Section 10(c) may not be amended, modified or supplemented without the prior written consent of each
Holder and each Participating Broker-Dealer (including any person who was a Holder or Participating Broker-Dealer of Registrable Notes or Exchange Notes, as the case may be, disposed of pursuant to any Registration Statement) affected by any such
amendment, modification or supplement. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of Holders of Registrable Notes whose securities are being
sold pursuant to a Registration Statement may be given by Holders of at least a majority in aggregate principal amount of the Registrable Notes being sold pursuant to such Registration Statement. 
  

 -27- 

 (d) Notices. All notices and other communications (including, without
limitation, any notices or other communications to the Trustee) provided for or permitted hereunder shall be made in writing by hand-delivery, registered first-class mail, next-day air courier or facsimile: 
  
 (i) if to a Holder of the Registrable Notes or any
Participating Broker-Dealer, at the most current address of such Holder or Participating Broker-Dealer, as the case may be, set forth on the records of the registrar under the Indenture, with a copy in like manner to the Initial Purchaser as
follows: 
  
 Deutsche Bank Securities Inc.

 31 West 52nd Street 
 New York, New York 10019 
 Facsimile No.: (646) 324-7467 
 Attention: Corporate Finance Department 
  
 with a copy to: 
  
 Cahill Gordon & Reindel LLP 
 80 Pine Street 
 New York, New York 10005 
 Facsimile No.: (212) 269-5420 
 Attention: James J. Clark, Esq. 
  
 (ii) if to the Initial Purchasers, at the address(es) specified and with a copy as specified in Section 10(d)(i); 
  
 (iii) if to the Issuers, at the address as follows: 
  
 Wise Metals Group LLC 
 International Tower Building 
 Suite 600 
 857 Elkridge Landing Road 
 Linthicum, MD 21090 
 Facsimile No.: 
 Attention: Danny Mendelson 
  

 -28- 

 with a copy to: 
  
 Winston & Strawn LLP 
 200 Park Avenue 
 New York, New York 10166 
 Facsimile No.: (212) 294-4700 
 Attention: Robert W. Ericson, Esq. 
  
 All such notices and communications shall be deemed to have been duly given: when delivered by hand, if personally delivered; five
Business Days after being deposited in the mail, postage prepaid, if mailed; one Business Day after being timely delivered to a next-day air courier; and when receipt is acknowledged by the addressee, if sent by facsimile. 
  
 Copies of all such notices, demands or other communications
shall be concurrently delivered by the Person giving the same to the Trustee at the address and in the manner specified in such Indenture. 
  
 (e) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of
each of the parties hereto, the Holders and the Participating Broker-Dealers; provided, however, that nothing herein shall be deemed to permit any assignment, transfer or other disposition of Registrable Notes in violation of the terms
of the Purchase Agreement or the Indenture. 
  
 (f) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement. 
  
 (g) Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
  
 (h) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED ENTIRELY WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW THAT WOULD REQUIRE THE APPLICATION OF ANY OTHER LAW. 
  
 (i) Severability. If any term, provision,
covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and
effect and shall in no way be affected, impaired or invalidated, 

  

 -29- 

 
and the parties hereto shall use their reasonable best efforts to find and employ an alternative means to achieve the same or substantially the same result
as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without
including any of such that may be hereafter declared invalid, illegal, void or unenforceable. 
  
 (j) Securities Held by the Issuers or Their Affiliates. Whenever the consent or approval of Holders of a specified
percentage of Registrable Notes is required hereunder, Registrable Notes held by the Issuers or their affiliates (as such term is defined in Rule 405 under the Securities Act) shall not be counted in determining whether such consent or approval was
given by the Holders of such required percentage. 
  
 (k) Third-Party Beneficiaries. Holders of Registrable Notes and Participating Broker-Dealers are intended third-party beneficiaries of this Agreement, and this Agreement may be enforced by such Persons. 
  
 (l) Entire Agreement. This Agreement, together
with the Purchase Agreement and the Indenture, is intended by the parties as a final and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein and therein and any and all prior
oral or written agreements, representations, or warranties, contracts, understandings, correspondence, conversations and memoranda between the Initial Purchasers on the one hand and the Issuers on the other, or between or among any agents,
representatives, parents, subsidiaries, affiliates, predecessors in interest or successors in interest with respect to the subject matter hereof and thereof are merged herein and replaced hereby. 
  

 -30- 

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

  

			
	WISE METALS GROUP LLC
		
	By:	 	/s/     DANNY MENDELSON        
	 Name:
	 	Danny Mendelson
	 Title:
	 	Executive Vice President

  

			
	 WISE ALLOYS FINANCE CORPORATION

		
	By:	 	/s/     DANNY MENDELSON        
	 Name:
	 	Danny Mendelson
	 Title:
	 	Secretary and Treasurer

  

			
	 WISE METALS GROUP LLC

	 WISE ALLOYS LLC

	 WISE ALLOYS FINANCE CORPORATION

	 WISE RECYCLING WEST, LLC

	 WISE RECYCLING, LLC

	 WISE RECYCLING TEXAS, LLC

	 WISE WAREHOUSING, LLC

	 LISTERHILL TOTAL MAINTENANCE
CENTER LLC

		
	By:	 	/s/    DANNY MENDELSON        
	 Name:
	 	Danny Mendelson
	 Title:
	 	President, Secretary

  

 S-2 

 The foregoing Agreement is hereby confirmed and accepted as of the date first above written. 

 

			
	 DEUTSCHE BANK SECURITIES INC.

		
	By:	 	/s/    TOM COLE        
	 Name:
	 	Tom Cole
	 Title:
	 	Managing Director

  

			
		
	By:	 	/s/    JAMES PARIS         
	 Name:
	 	James Paris
	 Title:
	 	Director

  

			
	 WACHOVIA CAPITAL MARKETS, LLC

		
	By:	 	/s/    KIT N. AMIN        
	 Name:
	 	Kit N. Amin
	 Title:
	 	Vice President

  

 S-2General Security Agreement

 Exhibit 10.1 
  
 GENERAL SECURITY AGREEMENT 
  
 This General Security Agreement (“Agreement”), dated as of May 5, 2004, is by Wise Metals Group LLC, a Delaware limited liability company (the
“Company”), Wise Alloys Finance Corporation, a Delaware corporation (“Finance Corp.”, and together with the Company, the “Issuers”), Wise Alloys LLC, a Delaware limited liability company ( “Wise Alloys”), Wise
Recycling, LLC, a Maryland limited liability company (“Recycling”), Listerhill Total Maintenance Center LLC, a Delaware limited liability company (“Listerhill”), Wise Warehousing, LLC, a Delaware limited liability company
(“Warehousing”), Wise Recycling Texas, LLC, a Delaware limited liability company (“Recycling Texas”) and Wise Recycling West, LLC, a Delaware limited liability company (“Recycling West”, and together with the Issuers,
Wise Alloys, Recycling, Listerhill, Warehousing, Recycling Texas, Recycling West and each Subsidiary that becomes a party hereto pursuant to Section 7 of this Agreement, individually, each a “Debtor”, and collectively, the
“Debtors”), in favor of The Bank of New York, a New York banking corporation, in its capacity as trustee (the “Trustee”) pursuant to the indenture (as the same now exists or may hereafter be amended, modified, supplemented,
extended, renewed, restated or replaced, the “Indenture”), dated as of the date hereof by and among the Issuers, the guarantors party thereto and the Trustee, acting for and on behalf of the holders (the “Noteholders”) of the
Notes described below (in such capacity, “Secured Party”). 
  
 W I T N E S S E T H : 
  
 WHEREAS, the Issuers have issued 101⁄4% Senior Secured Notes due 2012 in the aggregate principal amount of $150,000,000 (collectively, the
“Notes”); 
  
 WHEREAS, the Noteholders have
authorized and appointed Secured Party to act for and on behalf of each of them as collateral agent; and 
  
 WHEREAS, in order to induce the Noteholders to purchase the Notes, each Debtor has agreed to secure the payment and performance of the Obligations (as
hereinafter defined) and to accomplish same by (i) executing and delivering to Secured Party this Agreement and (ii) delivering to Secured Party any and all other documents necessary to protect Secured Party’s interests hereunder; 

 

 NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth herein, and for other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
  
 SECTION 1. DEFINITIONS 
  
 For purposes of this Agreement, the following terms shall have the respective meanings given to them below, and capitalized terms used herein and not
otherwise defined herein shall have the meanings assigned to such terms in the Indenture: 
  
 Section 1.1 “Accounts” shall mean, as to each Debtor, all accounts, including all present and future rights of such Debtor to payment of a monetary obligation, whether or not earned by performance, which is
not evidenced by chattel paper or an instrument, (a) for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of, (b) for services rendered or to be rendered, (c) for a secondary obligation incurred or to be
incurred, or (d) arising out of the use of a credit or charge card or information contained on or for use with the card. 
  
 Section 1.2 “Affiliate” shall mean, with respect to a specified Person, any other Person which directly or indirectly, through one or more
intermediaries, controls or is controlled by or is under common control with such Person, and without limiting the generality of the foregoing, includes (a) any Person which beneficially owns or holds ten (10%) percent or more of any class of Voting
Stock of such Person or other equity interests in such Person, (b) any Person of which such Person beneficially owns or holds ten (10%) percent or more of any class of Voting Stock or in which such Person beneficially owns or holds ten (10%) percent
or more of the equity interests and (c) any director or executive officer of such person. For the purposes of this definition, the term “control” (including with correlative meanings, the terms “controlled by” and “under
common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of Voting Stock,
by agreement or otherwise. 
  
 Section 1.3 “Collateral”
shall have the meaning given in Section 2.1 hereof. 
  
 Section
1.4 “Debtor” shall have the meaning given in the introductory paragraph. 
  
 Section 1.5 “Discharge of Revolving Loan Debt” shall mean the occurrence of all of the following: (i) termination of all commitments to extend credit that would constitute Revolving Loan Debt (as such term
is defined in the Intercreditor Agreement), (ii) payment in full of all Revolving Loan Debt and (iii) termination, cancellation or cash collateralization in an amount equal to 105% of the aggregate undrawn face amount of such letters of credit of
all outstanding letters of credit constituting Revolving Loan Debt. 
  
 Section 1.6 “Equipment” shall mean, as to each Debtor, all of such Debtor’s now owned and hereafter acquired equipment, wherever located, including machinery, data processing and computer equipment (whether owned or licensed
and including embedded software), vehicles, tools, furniture, fixtures, all attachments, accessions and property now or hereafter affixed thereto or used in connection therewith, and substitutions and replacements thereof wherever located.

  
 Section 1.7 “Event of Default” shall have the
meaning set forth in Section 4.1 hereof. 
  

 Section 1.8 “Excluded Assets” shall mean, any assets of Debtors securing (i) an aggregate of up
to $20 million of Capitalized Lease Obligations, Purchase Money Obligations and Industrial Revenue Bonds and (ii) an aggregate of up to $10 million of Commodity Inventory Purchase Obligations, in each case permitted to be incurred under the
Indenture. 
  
 Section 1.9 “Financing Agreements” shall
mean, collectively, the Indenture, the Notes and all guarantees, security agreements and other agreements, documents and instruments now or at any time hereafter executed and/or delivered by any Debtor in connection therewith, as the same now exist
or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced. 
  
 Section 1.10 “GAAP” shall mean generally accepted accounting principles in the United States of America as in effect from time to time as set forth in the opinions and pronouncements of the Accounting
Principles Board and the American Institute of Certified Public Accountants and the statements and pronouncements of the Financial Accounting Standards Board which are applicable to the circumstances as of the date of determination consistently
applied. 
  
 Section 1.11 “Guarantors” shall mean,
collectively, the following (together with their respective successors and assigns, including, without limitation, any receiver, trustee or custodian for any such person or any of its assets or any such person in its capacity as debtor or
debtor-in-possession under the United States Bankruptcy Code): (a) Wise Alloys LLC, a Delaware limited liability company, (b) Wise Recycling, LLC, a Maryland limited liability company, (c) Listerhill Total Maintenance Center LLC, a Delaware limited
liability company, (d) Wise Warehousing, LLC, a Delaware limited liability company, (e) Wise Recycling Texas, LLC, a Delaware limited liability company, (f) Wise Recycling West, LLC, a Delaware limited liability company, and (c) any other person
that from time to time guarantees any or all of the Obligations; each sometimes being referred to herein individually as a “Guarantor”. 
  
 Section 1.12 “Intellectual Property” shall mean, as to each Debtor, such Debtor’s now owned and hereafter arising or acquired: patents,
patent rights, patent applications, copyrights, works which are the subject matter of copyrights, copyright registrations, trademarks, trade names, trade styles, trademark and service mark applications, and licenses and rights to use any of the
foregoing; all extensions, renewals, reissues, divisions, continuations, and continuations-in-part of any of the foregoing; all rights to sue for past, present and future infringement of any of the foregoing; inventions, trade secrets, formulae,
processes, compounds, drawings, designs, blueprints, surveys, reports, manuals, and operating standards; goodwill (including any goodwill associated with any trademark or the license of any trademark); customer and other lists in whatever form
maintained; trade secret rights, copyright rights, rights in works of authorship, domain names and domain name registration; software and contract rights relating to computer software programs, in whatever form created or maintained. 
  
 Section 1.13 “Inventory” shall mean, as to each Debtor, all of such
Debtor’s now owned and hereafter existing or acquired inventory, including goods, wherever located, which (a) are leased by such Debtor as lessor; (b) are held by such Debtor for sale or lease or to be furnished under a contract of service; (c)
are furnished by such Debtor under a contract of service; 

  

 
or (d) consist of raw materials, work in process, finished goods or materials used or consumed in its business. 
  
 Section 1.14 “Obligations” shall mean any and all obligations,
liabilities and indebtedness of every kind, nature and description owing by any or all of Debtors to Secured Party or any Noteholder, including principal, interest, charges, fees, costs and expenses, however evidenced, whether as principal, surety,
endorser, guarantor or otherwise, arising under the Indenture, the Notes or any of the other Financing Agreements, whether now existing or hereafter arising, whether arising before, during or after the initial or any renewal term of the Indenture or
any of the other Financing Agreements or after the commencement of any case with respect to any Debtor under the United States Bankruptcy Code or any similar statute (including the payment of interest and other amounts which would accrue and become
due but for the commencement of such case, whether or not such amounts are allowed or allowable in whole or in part in such case), whether direct of indirect, absolute or contingent, joint or several, due or to become due, primary or secondary,
liquidated or unliquidated, or secured or unsecured. 
  
 Section
1.15 “Perfection Certificate” shall mean, collectively, the Perfection Certificates of Debtors constituting Exhibit A hereto containing material information with respect to Debtors, their respective businesses and assets provided by or on
behalf of Debtors to Secured Party in connection with the preparation of the Indenture, this Agreement and the other Financing Agreements and the financing arrangements provided for herein and therein. 
  
 Section 1.16 “Person” or “person” shall mean any
individual, sole proprietorship, partnership, corporation (including any corporation which elects subchapter S status under the Internal Revenue Code of 1986, as amended), limited liability company, limited liability partnership, business trust,
unincorporated association, joint stock corporation, trust, joint venture or other entity or any government or any agency or instrumentality or political subdivision thereof. 
  
 Section 1.17 “Real Property” shall mean all now owned and hereafter acquired real property of each Debtor,
including leasehold interests, together with all buildings, structures, and other improvements located thereon and all licenses, easements and appurtenances relating thereto, wherever located. 
  
 Section 1.18 “Receivables” shall mean all of the following now
owned or hereafter arising or acquired property of each Debtor: (a) all Accounts; (b) all interest, fees, late charges, penalties, collection fees and other amounts due or to become due or otherwise payable in connection with any Account; (c) all
payment intangibles of any Debtor; (d) all letters of credit, indemnities, guarantees, security or other deposits and proceeds thereof issued payable to any Debtor or otherwise in favor of or delivered to any Debtor in connection with any Account;
or (e) all other accounts, contract rights, chattel paper, instruments, notes, general intangibles and other forms of obligations owing to any Debtor, whether from the sale and lease of goods or other property, licensing of any property (including
Intellectual Property or other general intangibles), rendition of services or from loans or advances by any Debtor or to or for the benefit of any third person (including loans or advances to any Affiliates or Subsidiaries of any Debtor) or
otherwise associated with any Accounts, Inventory or general intangibles of any Debtor (including, without limitation, choses in action, causes of action, tax refunds, tax refund claims, any funds which may become payable to any Debtor in connection
with the termination of any Plan 

  

 
or other employee benefit plan and any other amounts payable to any Debtor from any Plan or other employee benefit plan, rights and claims against carriers
and shippers, rights to indemnification, business interruption insurance and proceeds thereof, casualty or any similar types of insurance and any proceeds thereof and proceeds of insurance covering the lives of employees on which any Debtor is a
beneficiary). 
  
 Section 1.19 “Records” shall mean, as
to each Debtor, all of such Debtor’s present and future books of account of every kind or nature, purchase and sale agreements, invoices, ledger cards, bills of lading and other shipping evidence, statements, correspondence, memoranda, credit
files and other data relating to the Collateral or any account debtor, together with the tapes, disks, diskettes and other data and software storage media and devices, file cabinets or containers in or on which the foregoing are stored (including
any rights of any Debtor with respect to the foregoing maintained with or by any other person). 
  
 Section 1.20 “UCC” shall mean the Uniform Commercial Code as in effect on the date hereof in the State of New York; provided,
however, that if by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of the Secured Party’s security interest in any item or portion of the Collateral is governed by the Uniform Commercial Code
as in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect on the date hereof in such other jurisdiction for purposes of the provisions hereof relating to such
attachment, perfection or priority and for purposes of definitions relating to such provisions. 
  
 SECTION 2. GRANT AND PERFECTION OF SECURITY INTEREST 
  
 Section 2.1 Grant of Security Interest. To secure payment and performance of all Obligations, each Debtor hereby grants to Secured Party for the
benefit of the Noteholders a continuing security interest in, a lien upon, and a right of set-off against, and hereby assigns to Secured Party, as security, all personal and real property and fixtures, and interests in property and fixtures, of such
Debtor (other than Excluded Assets), whether now owned or hereafter acquired or existing, and wherever located (together with all other collateral security for the Obligations at any time granted to or held or acquired by Secured Party,
collectively, the “Collateral”), including the following: 
  
 (a) all Accounts; 
  
 (b) all general intangibles, including, without limitation, all Intellectual Property; 
  
 (c) all goods, including, without limitation, Inventory and Equipment; 
  
 (d) all Real Property and fixtures; 
  
 (e) all chattel paper, including without limitation, all tangible and electronic chattel paper; 

 
 (f) all instruments, including, without limitation, all
promissory notes; 
  

 (g) all documents; 
  
 (h) all deposit accounts; 
  
 (i) all letters of credit, banker’s acceptances and similar instruments, including all letter-of-credit
rights; 
  
 (j) all supporting obligations and
all present and future liens, security interests, right, remedies, title and interest in, to and in respect of Receivables and other Collateral, including (i) rights and remedies under or relating to guaranties, contracts of suretyship, letters of
credit and credit and other insurance related to the Collateral, (ii) rights of stoppage in transit, replevin, repossession, reclamation and other rights and remedies of an unpaid vendor, lienor or secured party, (iii) goods described in invoices,
documents, contracts or instruments with respect to, or otherwise representing or evidencing, Receivables or other Collateral, including returned, repossessed and reclaimed goods, and (iv) deposits by and property of account debtors or other persons
securing the obligations of account debtors; 
  
 (k) all (i) investment property (including securities, whether certificated or uncertificated, securities accounts, security entitlements, commodity contracts or commodity accounts) and (ii) monies, credit balances, deposits and other
property of any Debtor; 
  
 (l) all commercial
tort claims, including, without limitation, those identified in the Perfection Certificate; 
  
 (m) to the extent not otherwise described above, all Receivables, 
  
 (n) all Records; and 
  
 (o) all products and proceeds of the foregoing, in any form including insurance proceeds and all claims
against third parties for loss or damage to or destruction of or other involuntary conversion of any kind or nature of any or all of the other Collateral. 
  
 Section 2.2 Perfection of Security Interests. 
  
 (a) Each Debtor irrevocably and unconditionally authorizes Secured Party (or its agent) to file at any time and from time to time such
financing statements with respect to the Collateral naming Secured Party or its designee as the secured party and such Debtor as debtor, as Secured Party may require, and including any other information with respect to such Debtor or otherwise
required by part 5 of Article 9 of the Uniform Commercial Code of the appropriate jurisdiction, together with any amendment and continuations with respect thereto, and including the filing of financing statements describing the Collateral as
“all assets in which Debtor now owns or hereafter acquires rights”, which authorization shall apply to all financing statements filed on, prior to or after the date hereof. Each Debtor hereby ratifies and approves all financing statements
naming Secured Party or its designee as secured party and such Debtor, as the case may be, as debtor with respect to the Collateral (and any amendments with respect to such financing statements) filed by or on behalf of Secured Party prior to the
date hereof and ratifies and confirms the authorization of Secured Party to file such financing statements (and 

  

 
amendments, if any). Each Debtor hereby authorizes Secured Party to adopt on behalf of such Debtor any symbol required for authenticating any electronic
filing. In the event that the description of the collateral in any financing statement naming Secured Party or its designee as the secured party and any Debtor as debtor includes assets and properties of such Debtor that do not at any time
constitute Collateral, whether hereunder, under any of the other Financing Agreements or otherwise, the filing of such financing statement shall nonetheless be deemed authorized by such Debtor to the extent of the Collateral included in such
description and it shall not render such financing statement ineffective as to any of the Collateral or otherwise affect such financing statement as it applies to any of the Collateral. In no event shall any Debtor at any time file, or permit or
cause to be filed, any correction statement or termination statement with respect to any financing statement (or amendment or continuation with respect thereto) naming Secured Party or its designee as secured party and such Debtor as debtor.

  
 (b) Each Debtor hereby represents and
warrants that it does not have any chattel paper (whether tangible or electronic) or instruments as of the date hereof, except chattel paper and instruments set forth in the Perfection Certificate that have been delivered to the Secured party
accompanies by instruments of transfer or assignment duly executed in blank acceptable to the Secured Party. In the event that any Debtor shall be entitled to or shall receive any chattel paper or instrument after the date hereof, Debtors shall
promptly notify Secured Parry thereof in writing. Promptly upon the receipt thereof by or on behalf of any Debtor (including by any agent or representative), such Debtor shall deliver, or cause to be delivered to Secured Party, all tangible chattel
paper and instruments that such Debtor has or may at any time acquire, accompanied by such instruments of transfer or assignment duly executed in blank as Secured Party may from time to time specify, in each case except as Secured Party may
otherwise agree. At Secured Party’s option, each Debtor shall, or Secured Party may at any time on behalf of any Debtor, cause the original of any such instrument or chattel paper to be conspicuously marked in a form and manner acceptable to
Secured Party with the following legend referring to chattel paper or instruments as applicable: “This [chattel paper] [instrument] is subject to the security interest of The Bank of New York, as Trustee, and any sale, transfer, assignment or
encumbrance of this [chattel paper] [instrument] violates the rights of such secured party.” 
  
 (c) Each Debtor hereby represents and warrants that it does not have any electronic chattel paper. In the event that any Debtor shall at
any time hold or acquire an interest in any electronic chattel paper or any “transferable record” (as such term is defined in Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or in Section 16 of the
Uniform Electronic Transactions Act as in effect in any relevant jurisdiction), such Debtor shall promptly notify Secured Party thereof in writing. Such Debtor shall promptly take, or cause to be taken, such actions as are necessary to give Secured
Party control of such electronic chattel paper under Section 9-105 of the UCC and control of such transferable record under Section 201 of the Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of
the Uniform Electronic Transactions Act, as in effect in such jurisdiction. 
  
 (d) Each Debtor hereby represents and warrants that it does not have any deposit accounts as of the date hereof, except deposit accounts set forth in the Perfection Certificate. Debtors shall not, directly or
indirectly, after the Discharge of Revolving Loan Debt, open, 

  

 
establish or maintain any deposit account unless each of the following conditions is satisfied: (i) Secured Party shall have received not less than five (5)
Business Days prior written notice of the intention of any Debtor to open or establish such account which notice shall specify in reasonable detail and specificity acceptable to Secured Party the name of the account, the owner of the account, the
name and address of the bank at which such account is to be opened or established, the individual at such bank with whom such Debtor is dealing and the purpose of the account, (ii) the bank where such account is opened or maintained shall be
acceptable to Secured Party, and (iii) either on the date of the Discharge of Revolving Loan Debt with respect to any deposit account maintained at such time, or, after the Discharge of Revolving Loan Debt, before the opening of any new deposit
account, such Debtor shall as Secured Party may specify either (A) deliver to Secured Party a Deposit Account Control Agreement with respect to such deposit account duly authorized, executed and delivered by such Debtor and the bank at which such
deposit account is opened and maintained or (B) arrange for Secured Party to become the customer of the bank with respect to the deposit account on terms and conditions acceptable to Secured Party. The terms of this subsection (d) shall not apply to
deposit accounts specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of each Debtor’s salaried employees. 
  
 (e) No Debtor owns or holds, directly or indirectly, beneficially or as record owner or both, any investment
property, as of the date hereof, or have any securities account, commodity account or other similar account with any bank or other financial institution or other securities intermediary or commodity intermediary as of the date hereof, in each case
except any securities account or commodity account set forth in the Perfection Certificate. 
  
 (i) In the event that any Debtor shall be entitled to or shall at any time after the date hereof hold or acquire any certificated
securities, such Debtor shall promptly endorse, assign and deliver the same to Secured Party, accompanied by appropriate instruments of transfer or assignment duly executed in blank. If any securities now owned or hereafter acquired by any Debtor
are uncertificated and are issued to such Debtor or its nominee directly by the issuer thereof, such Debtor shall immediately notify Secured Party thereof and shall as Secured Party may specify, either (A) cause the issuer to agree to comply with
instructions from Secured Party as to such securities, without further consent of any Debtor or such nominee, or (B) arrange for Secured Party to become the registered owner of the securities. 
  
 (ii) Debtors shall not, directly or indirectly, after the
Discharge of Revolving Loan Debt, open, establish or maintain any investment account, securities account, commodity account or any other similar account (other than a deposit account) with any securities intermediary or commodity intermediary unless
each of the following conditions is satisfied: (A) Secured Party shall have received not less than five (5) Business Days prior written notice of the intention of such Debtor to open or establish such account which notice shall specify in reasonable
detail and specificity acceptable to Secured Party the name of the account, the owner of the account, the name and address of the securities intermediary or commodity intermediary at which such account is to be opened or established, the individual
at such intermediary with whom such Debtor is dealing and the purpose of the account, (B) the securities intermediary or commodity intermediary (as the case may be) where such account is opened or maintained shall be acceptable to Secured Party, and
(C) on the date of the Discharge of Revolving Loan Debt or, after the 

  

 
Discharge of Revolving Loan Debt, on or before the opening of such investment account, securities account or other similar account with a securities
intermediary or commodity intermediary, such Debtor shall as Secured Party may specify either (1) execute and deliver, and cause to be executed and delivered to Secured Party, an Investment Property Control Agreement with respect thereto duly
authorized, executed and delivered by such Debtor and such securities intermediary or commodity intermediary or (2) arrange for Secured Party to become the entitlement holder with respect to such investment property on terms and conditions
acceptable to Secured Party. 
  
 (f) Debtors are
not the beneficiary or otherwise entitled to any right to payment under any letter of credit, banker’s acceptance or similar instrument as of the date hereof, except as set forth in the Perfection Certificate. In the event that any Debtor shall
be entitled to or shall receive any right to payment under any letter of credit, banker’s acceptance or any similar instrument, whether as beneficiary thereof or otherwise after the date hereof, such Debtor shall promptly notify Secured Party
thereof in writing. Such Debtor shall immediately, as Secured Party may specify, either (i) deliver, or cause to be delivered to Secured Party, with respect to any such letter of credit, banker’s acceptance or similar instrument, the written
agreement of the issuer and any other nominated person obligated to make any payment in respect thereof (including any confirming or negotiating bank), in form and substance satisfactory to Secured Party, consenting to the assignment of the proceeds
of the letter of credit to Secured Party by such Debtor and agreeing to make all payments thereon directly to Secured Party or as Secured Party may otherwise direct or (ii) cause Secured Party to become, at such Debtor’s expense, the transferee
beneficiary of the letter of credit, banker’s acceptance or similar instrument (as the case may be). 
  
 (g) Debtors do not have any commercial tort claims as of the date hereof, except as set forth in the Perfection Certificate. In the event
that any Debtor shall at any time after the date hereof have any commercial tort claims, such Debtor shall promptly notify Secured Party thereof in writing, which notice shall (i) set forth in reasonable detail the basis for and nature of such
commercial tort claim and (ii) include the express grant by such Debtor to Secured Party of a security interest in such commercial tort claim (and the proceeds thereof). In the event that such notice does not include such grant of a security
interest, the sending thereof by such Debtor to Secured Party shall be deemed to constitute such grant to Secured Party. Upon the sending of such notice, any commercial tort claim described therein shall constitute part of the Collateral and shall
be deemed included therein. Without limiting the authorization of Secured Party provided in Section 2.2(a) hereof or otherwise arising by the execution by such Debtor of this Agreement or any of the other Financing Agreements, Secured Party is
hereby irrevocably authorized from time to time and at any time to file such financing statements naming Secured Party or its designee as secured party and such Debtor as debtor, or any amendments to any financing statements, covering any such
commercial tort claim as Collateral. In addition, each Debtor shall promptly upon Secured Party’s request, execute and deliver, or cause to be executed and delivered, to Secured Party such other agreements, documents and instruments as Secured
Party may require in connection with such commercial tort claim. 
  
 (h) No Debtor has any goods, documents of title or other Collateral in the custody, control or possession of a third party as of the date hereof, except (i) such Collateral set 

  

 
forth in the Perfection Certificate with respect to which such Debtor has delivered to Secured Party a Collateral Access Agreement duly authorized, executed
and delivered by such Debtor and such third party and (ii) goods located in the United States in transit to a location of a Debtor in the ordinary course of business of such Debtor in the possession of the carrier transporting such goods. In the
event that any goods, documents of title or other Collateral are at any time after the date hereof in the custody, control or possession of any other person not referred to in the Perfection Certificate or such carriers, Debtors shall promptly
notify Secured Party thereof in writing. Promptly upon Secured Party’s request, Debtors shall deliver to Secured Party a Collateral Access Agreement duly authorized, executed and delivered by such person and the Debtor that is the owner of such
Collateral. 
  
 (i) Debtors shall take any other
actions as are necessary or reasonably requested by Secured Party at the direction of Holders of a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connect with a tender offer or
exchange offer for the Notes) from time to time to cause the attachment, perfection and first priority of, and the ability of Secured Party to enforce, the security interest of Secured Party in any and all of the Collateral, including, without
limitation, (i) executing, delivering and, where appropriate, filing financing statements and amendments relating thereto under the UCC or other applicable law, to the extent, if any, that a Debtor’s signature thereon is required therefor, (ii)
causing Secured Party’s name to be noted as secured party on any certificate of title for a titled good if such notation is a condition to attachment, perfection or priority of, or ability of Secured Party to enforce, the security interest of
Secured Party in such Collateral, (iii) complying with any provision of any statute, regulation or treaty of the United States as to any Collateral if compliance with such provision is a condition to attachment, perfection or priority of, or ability
of Secured Party to enforce, the security interest of Secured Party in such Collateral, (iv) obtaining the consents and approvals of any Governmental Authority or third party, including, without limitation, any consent of any licensor, lessor or
other person obligated on Collateral, and taking all actions required by any earlier versions of the UCC or by other law, as applicable in any relevant jurisdiction. 
  
 SECTION 3. COLLATERAL COVENANTS 
  
 Section 3.1 Accounts Covenants. 
  
 (a) Secured Party shall have the right, but not the obligation, at any time or times, in Secured
Party’s name or in the name of a nominee of Secured Party, to verify the validity, amount or any other matter relating to any Receivables or other Collateral, by mail, telephone, facsimile transmission or otherwise. 
  
 (b) Secured Party may, at any time or times that an Event of
Default exists or has occurred and is continuing, (i) notify any or all account debtors or any other obligor in respect of any Receivables that the Receivables have been assigned to Secured Party and that Secured Party has a security interest
therein and Secured Party may direct any or all account debtors or other obligors in respect of any Receivables to make payment of Receivables directly to Secured Party, (ii) extend the time of payment of, compromise, settle or adjust for cash,
credit, return of merchandise or otherwise, and upon any terms or conditions, any and all Receivables or other obligations included in the Collateral and thereby discharge or release the account debtor or 

  

 
any other party or parties in any way liable for payment thereof without affecting any of the Obligations, (iii) demand, collect or enforce payment of any
Receivables or such other obligations, but without any duty to do so, and Secured Party and Noteholders shall not be liable for its failure to collect or enforce the payment thereof nor for the negligence of its agents or attorneys with respect
thereto and (iv) take whatever other action Secured Party may in good faith deem necessary or desirable for the protection of its interests. At any time that an Event of Default exists or has occurred and is continuing, at Secured Party’s
request, all invoices and statements sent to any account debtor shall state that the Accounts and such other obligations have been assigned to Secured Party and are payable directly and only to Secured Party and each Debtor shall deliver to Secured
Party such originals of documents evidencing the sale and delivery of goods or the performance of services giving rise to any Accounts as Secured Party may require at the direction of Holders of a majority in principal amount of the Notes then
outstanding (including, without limitation, consents obtained in connect with a tender offer or exchange offer for the Notes). 
  
 Section 3.2 Right to Cure. Secured Party may, at its option, but shall not be required to, (a) upon notice to Debtors, cure any default by any
Debtor under any material agreement with a third party which affects any Collateral, the value of such Collateral or the ability of Secured Party to collect, sell or otherwise dispose of such Collateral or the rights and remedies of Secured Party or
any Noteholder therein or under this Agreement or any of the other Financing Agreements or the ability of any Debtor to perform its obligations hereunder or under any of the other Financing Agreements, (b) pay or bond on appeal any judgment entered
against any Debtor, (c) discharge taxes, liens, security interests or other encumbrances at any time levied on or existing with respect to the Collateral and (d) pay any amount, incur any expense or perform any act which, in Secured Party’s
judgment, is necessary or appropriate to preserve, protect, insure or maintain the Collateral and the rights of Secured Party or any Noteholder with respect thereto. Secured Party may add any amounts so expended to the Obligations and charge
Debtors’ account therefor, such amounts to be repayable by Debtors on demand. Secured Party shall be under no obligation to effect such cure, payment or bonding and shall not, by doing so, be deemed to have assumed any obligation or liability
of Debtors. Any payment made or other action taken by Secured Party under this Section 3.2 shall be without prejudice to any right to assert an Event of Default hereunder and to proceed accordingly. 
  
 Section 3.3 Power of Attorney. Each Debtor hereby irrevocably
designates and appoints Secured Party (and all persons designated by Secured Party) as such Debtor’s true and lawful attorney-infact, and authorizes Secured Party, in such Debtor’s or Secured Party’s name, to: (a) at any time an Event
of Default exists or has occurred and is continuing, (i) demand payment on Receivables or other proceeds of Inventory or other Collateral, (ii) enforce payment of Receivables or other Collateral by legal proceedings or otherwise, (iii) exercise all
of such Debtor’s rights and remedies to collect any Receivables or other Collateral, (iv) sell or assign any Receivable or other Collateral upon such terms, for such amount and at such time or times as the Secured Party deems advisable, (v)
settle, adjust, compromise, extend or renew any Receivables, (vi) discharge and release any Receivables, (vii) prepare, file and sign such Debtor’s name on any proof of claim in bankruptcy or other similar document against an account debtor or
other obligor, (viii) notify the post office authorities to change the address for delivery of remittances from account debtors or other obligors in respect of Receivables or other proceeds of Collateral to an address designated by Secured Party,
and open and dispose of all mail addressed to such 

  

 
Debtor and handle and store all mail relating to the Collateral and (ix) do all acts and things which are necessary to fulfill such Debtor’s obligations
under this Agreement and the other Financing Agreements and (b) at any time to (i) take control in any manner of any item of payment constituting Collateral or in respect of Collateral or proceeds thereof received in or for deposit in the Blocked
Accounts or otherwise received by Secured Party, (ii) have access to any lockbox or postal box into which such Debtor’s mail relating to any of the Collateral or which Secured Party believes may be related to Collateral is deposited, (iii)
endorse such Debtor’s name upon any items of payment constituting Collateral or proceeds thereof and deposit the same in the Secured Party’s account for application to the Obligations, (iv) endorse such Debtor’s name upon any chattel
paper, document, instrument, invoice, or similar document or agreement relating to any Account or any goods pertaining thereto or any other Collateral, (v) clear Inventory the purchase of which was financed with Letter of Credit Accommodations
through U.S. Customs in such Debtor’s name, Secured Party’s name or the name of Secured Party’s designee, and to sign and deliver to customs officials powers of attorney in such Debtor’s name for such purpose, (vi) sign such
Debtor’s name on any verification of Accounts or other Receivables and notices thereof to account debtors or other obligors in respect thereof, and (vii) execute in such Debtor’s name and file any UCC financing statements or amendments
thereto. Each Debtor hereby releases Secured Party and its officers, employees and designees from any liabilities arising from any act or acts under this power of attorney and in furtherance thereof, whether of omission or commission, except as a
result of Secured Party’s own gross negligence or wilful misconduct as determined pursuant to a final non-appealable order of a court of competent jurisdiction. This power of attorney is coupled with an interest and is irrevocable. 

 
 Section 3.4 Access to Premises. From time to time as requested by
Secured Party, at the cost and expense of Debtors, (a) Secured Party or its designee shall have complete access to all premises of Debtors during normal business hours and after notice to Debtors, or at any time and without notice to Debtors if an
Event of Default exists or has occurred and is continuing, for the purposes of inspecting, verifying and auditing the Collateral and all of such Debtor’s books and records, including, without limitation, the Records, and (b) each Debtor shall
promptly furnish to Secured Party such copies of such books and records or extracts therefrom as Secured Party may request, and (c) Secured Party or its designee may use during normal business hours such of each Debtor’s personnel, equipment,
supplies and premises as may be reasonably necessary for the foregoing and if an Event of Default exists or has occurred and is continuing for the collection of Receivables and realization of other Collateral. 
  
 SECTION 4. EVENTS OF DEFAULT AND REMEDIES 
  
 Section 4.1 Events of Default. The occurrence or existence of any
Event of Default under any of the Financing Agreements is referred to herein individually as an “Event of Default”, and collectively as “Events of Default”. 
  
 Section 4.2 Remedies. 
  
 (a) At any time an Event of Default exists or has occurred and is continuing, Secured Party shall have all rights and remedies provided in
this Agreement, the other Financing Agreements, the Uniform Commercial Code and other applicable law, all of which rights and remedies may be exercised without notice to or consent by any Debtor, except as such notice or 

  

 
consent is expressly provided for hereunder or required by applicable law. All rights, remedies and powers granted to Secured Party hereunder, under any of
the other Financing Agreements, the Uniform Commercial Code or other applicable law, are cumulative, not exclusive and enforceable, in Secured Party’s discretion, alternatively, successively, or concurrently on any one or more occasions, and
shall include, without limitation, the right to apply to a court of equity for an injunction to restrain a breach or threatened breach by a Debtor of this Agreement or any of the other Financing Agreements. Secured Party may, at any time or times,
proceed directly against any Debtor to collect the Obligations without prior recourse to the Collateral. 
  
 (b) Without limiting the foregoing, at any time an Event of Default exists or has occurred and is continuing, Secured Party may, in its
discretion and without limitation, (i) with or without judicial process or the aid or assistance of others, enter upon any premises on or in which any of the Collateral may be located and take possession of the Collateral or complete processing,
manufacturing and repair of all or any portion of the Collateral, (ii) require Debtors, at Debtors’ expense, to assemble and make available to Secured Party any part or all of the Collateral at any place and time designated by Secured Party,
(iii) collect, foreclose, receive, appropriate, setoff and realize upon any and all Collateral, (iv) remove any or all of the Collateral from any premises on or in which the same may be located for the purpose of effecting the sale, foreclosure or
other disposition thereof or for any other purpose, (v) sell, lease, transfer, assign, deliver or otherwise dispose of any and all Collateral (including entering into contracts with respect thereto, public or private sales at any exchange,
broker’s board, at any office of Secured Party or elsewhere) at such prices or terms as Secured Party may deem reasonable, for cash, upon credit or for future delivery, with the Secured Party having the right to purchase the whole or any part
of the Collateral at any such public sale, all of the foregoing being free from any right or equity of redemption of Debtors, which right or equity of redemption is hereby expressly waived and released by Debtors. If any of the Collateral is sold or
leased by Secured Party upon credit terms or for future delivery, the Obligations shall not be reduced as a result thereof until payment therefor is finally collected by Secured Party. If notice of disposition of Collateral is required by law, ten
(10) days prior notice by Secured Party to Debtors designating the time and place of any public sale or the time after which any private sale or other intended disposition of Collateral is to be made, shall be deemed to be reasonable notice thereof
and Debtors waive any other notice. In the event Secured Party institutes an action to recover any Collateral or seeks recovery of any Collateral by way of prejudgment remedy, each Debtor waives the posting of any bond which might otherwise be
required. 
  
 (c) Secured Party may apply the
cash proceeds of Collateral actually received by Secured Party from any sale, lease, foreclosure or other disposition of the Collateral to payment of the Obligations, in whole or in part and in such order as Secured Party may elect, whether or not
then due. Each Debtor shall remain liable to Secured Party for the payment of any deficiency with interest at the highest rate provided for in the Indenture or the Notes and all costs and expenses of collection or enforcement, including
attorneys’ fees and legal expenses. 
  
 (d)
For the purpose of enabling Secured Party to exercise the rights and remedies hereunder, each Debtor hereby grants to Secured Party, to the extent assignable, an irrevocable, non-exclusive license (exercisable without payment of royalty or other
compensation to Debtors) to use, assign, license or sublicense any of the trademarks, service-marks, trade names, 

  

 
business names, trade styles, designs, logos and other source of business identifiers and other Intellectual Property now owned or hereafter acquired by any
Debtor, wherever the same may be located, including in such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer programs used for the compilation or printout thereof. 
  
 SECTION 5. JURY TRIAL WAIVER; OTHER WAIVERS AND CONSENTS; GOVERNING LAW
 
  
 Section 5.1 Governing Law; Choice of Forum; Service
of Process; Jury Trial Waiver. 
  
 (a) The
validity, interpretation and enforcement of this Agreement and any dispute rising out of the relationship between the parties hereto, whether in contract, tort, equity or otherwise, shall be governed by the internal laws of the State of New York but
excluding any principles of conflicts of law or other rule of law that would cause the application of the law of any jurisdiction other than the laws of the State of New York. 
  
 (b) Each Debtor irrevocably consents and submits to the non-exclusive jurisdiction of the Supreme Court of
the State of New York for New York County and the United States District Court for the Southern District of New York, whichever Secured Party may elect, and waives any objection based on venue or forum non conveniens with
respect to any action instituted therein arising under this Agreement or any of the other Financing Agreements or in any way connected or related or incidental to the dealings of a Debtor and Secured Party in respect of this Agreement or the other
Financing Agreements or the transactions related hereto or thereto, in each case whether now existing or hereafter arising, and whether in contract, tort, equity or otherwise, and agrees that any dispute with respect to any such matters shall be
heard only in the courts described above (except that Secured Party shall have the right to bring any action or proceeding against a Debtor or its property in the courts of any other jurisdiction which Secured Party deems necessary or appropriate in
order to realize on the Collateral or to otherwise enforce its rights against a Debtor or its property). 
  
 (c) Each Debtor hereby waives personal service of any and all process upon it and consents that all such service of process may be made by
certified mail (return receipt requested) directed to its address set forth on the signature pages hereof and service so made shall be deemed to be completed five (5) days after the same shall have been so deposited in the U.S. mails, or, at Secured
Party’s option, by service upon a Debtor in any other manner provided under the rules of any such courts. Within thirty (30) days after such service, such Debtor shall appear in answer to such process, failing which such Debtor shall be deemed
in default and judgment may be entered by Secured Party against such Debtor for the amount of the claim and other relief requested. 
  
 (d) DEBTORS HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (i) ARISING UNDER THIS AGREEMENT OR
ANY OF THE OTHER FINANCING AGREEMENTS OR (ii) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF DEBTORS AND SECURED PARTY IN RESPECT OF THIS AGREEMENT OR ANY OF THE OTHER FINANCING AGREEMENTS OR THE TRANSACTIONS RELATED HERETO

  

 
OR THERETO IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE. DEBTORS AND SECURED PARTY HEREBY AGREE
AND CONSENT THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT DEBTORS OR SECURED PARTY MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF
THE CONSENT OF DEBTORS AND SECURED PARTY TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
  
 (e) Secured Party shall not have any liability to a Debtor (whether in tort, contract, equity or otherwise) for losses suffered by such
Debtor in connection with, arising out of, or in any way related to the transactions or relationships contemplated by this Agreement, or any act, omission or event occurring in connection herewith, unless it is determined by a final and
non-appealable judgment or court order binding on Secured Party that the losses were the result of acts or omissions constituting gross negligence or willful misconduct. In any such litigation, Secured Party shall be entitled to the benefit of the
rebuttable presumption that it acted in good faith and with the exercise of ordinary care in the performance by it of the terms of this Agreement and the other Financing Agreements. 
  
 Section 5.2 Waiver of Notices. Each Debtor hereby expressly waives demand, presentment, protest and notice of protest
and notice of dishonor with respect to any and all instruments and commercial paper, included in or evidencing any of the Obligations or the Collateral, and any and all other demands and notices of any kind or nature whatsoever with respect to the
Obligations, the Collateral and this Agreement, except such as are expressly provided for herein. No notice to or demand on a Debtor which Secured Party may elect to give shall entitle a Debtor to any other or further notice or demand in the same,
similar or other circumstances. 
  
 Section 5.3 Amendments and
Waivers. Neither this Agreement nor any provision hereof shall be amended, modified, waived or discharged orally or by course of conduct, but only by a written agreement signed by an authorized officer of Secured Party, and as to amendments and
modifications, as also signed by an authorized officer of Debtors subject to Article IX of the Indenture. Secured Party shall not, by any act, delay, omission or otherwise be deemed to have expressly or impliedly waived any of its rights, powers
and/or remedies unless such waiver shall be in writing and signed by an authorized officer of Secured Party. Any such waiver shall be enforceable only to the extent specifically set forth therein. A waiver by Secured Party of any right, power and/or
remedy on any one occasion shall not be construed as a bar to or waiver of any such right, power and/or remedy which Secured Party would otherwise have on any future occasion, whether similar in kind or otherwise. 
  
 Section 5.4 Waiver of Counterclaims. Each Debtor waives all rights to
interpose any claims, deductions, setoffs or counterclaims of any nature (other then compulsory counterclaims) in any action or proceeding with respect to this Agreement, the Obligations, the Collateral or any matter arising therefrom or relating
hereto or thereto. 
  
 Section 5.5 Indemnification. Each
Debtor shall, jointly and severally, indemnify and hold Secured Party, and its directors, agents, employees and counsel, harmless from and against any and all losses, claims, damages, liabilities, costs or expenses imposed on, incurred by or 

  

 
asserted against any of them in connection with any litigation, investigation, claim or proceeding commenced or threatened related to the negotiation,
preparation, execution, delivery, enforcement, performance or administration of this Agreement, any other financing Agreements, or any undertaking or proceeding related to any of the transactions contemplated hereby or any act, omission, event or
transaction related or attendant thereto, including amounts paid in settlement, court costs, and the fees and expenses of counsel. To the extent that the undertaking to indemnify, pay and hold harmless set forth in this Section may be unenforceable
because it violates any law or public policy, Debtors shall pay the maximum portion which it is permitted to pay under applicable law to Secured Party in satisfaction of indemnified matters under this Section 5.5. The foregoing indemnity shall
survive the payment of the Obligations, the termination of this Agreement and the termination or non renewal of the Indenture. 
  
 SECTION 6. MISCELLANEOUS 
  
 Section 6.1 Interpretative Provisions. 
  
 (a) All terms used herein which are defined in Article 1, Article 8 or Article 9 of the UCC shall have the meanings given therein as it is
in effect on the date hereof unless otherwise defined in this Agreement. 
  
 (b) All references to the plural herein shall also mean the singular and to the singular shall also mean the plural unless the context otherwise requires. 
  
 (c) The words, “hereof”, “herein”, “hereunder”, “this Agreement” and
words of similar import when used in this Agreement shall refer to this Agreement as a whole and not any particular provision of this Agreement and as this Agreement now exists or may hereafter be amended, modified, supplemented, extended, renewed,
restated or replaced. 
  
 (d) The word
“including” when used in this Agreement shall mean “including, without limitation”. 
  
 (e) Any accounting term used in this Agreement shall have, unless otherwise specifically provided herein, the meaning customarily given in
accordance with GAAP, and all financial computations hereunder shall be computed unless otherwise specifically provided herein, in accordance with GAAP as consistently applied. 
  
 (f) In the computation of periods of time from a specified date to a later specified date, the word
“from” means “from and including”, the words “to” and “until” each mean “to but excluding” and the word “through” means “to and including”. 
  
 (g) Unless otherwise expressly provided herein, (i)
references herein to any agreement, document or instrument shall be deemed to include all subsequent amendments, modifications, supplements, extensions, renewals, restatements or replacements with respect thereto, but only to the extent the same are
not prohibited by the terms hereof or of any other Financing Agreement, and (ii) references to any statute or regulation are to be construed as including all statutory and regulatory provisions consolidating, amending, replacing, recodifying,
supplementing or interpreting the statute or regulation. 
  

 (h) The captions and headings of this Agreement are for convenience of reference only and
shall not affect the interpretation of this Agreement. 
  
 (i) This Agreement and other Financing Agreements may use several different limitations, tests or measurements to regulate the same or similar matters. All such limitations, tests and measurements are cumulative and shall each be performed
in accordance with their terms. 
  
 (j) This
Agreement and the other Financing Agreements are the result of negotiations among and have been reviewed by counsel to Debtors and Secured Party and the other parties, and are the products of all parties. Accordingly, this Agreement and the other
Financing Agreements shall not be construed against Secured Party or any Noteholder merely because of Secured Party’s or such Noteholder’s involvement in their preparation. 
  
 Section 6.2 Notices. All notices, requests and demands hereunder shall be in writing and deemed to have been given or
made: (a) if delivered in person, immediately upon delivery; (b) if by facsimile transmission, immediately upon sending and upon confirmation of receipt; (c) if by nationally recognized overnight courier service with instructions to deliver the next
Business Day, one (1) Business Day after sending; and (d) if by certified mail, return receipt requested, five (5) days after mailing. All notices, requests and demands upon the parties are to be given to the following addresses (or to such other
address as any party may designate by notice in accordance with this Section): 
  

			
	 If to any Debtor:
	  	 Wise Metals Group LLC
 857 Elkridge Landing Road,
Suite 600
 Linthicum, Maryland 21090
 Attention: Mr. Dan
Mendelson
 Telecopy No.: (410) 636-0856

		
	 with a copy to:
	  	 Winston & Strawn LLP
 200 Park Avenue

New York, New York 10166
 Attention: Robert W. Ericson, Esq.
 Telecopy No.: (212) 294-4700

		
	 If to Secured Party:
	  	 The Bank of New York
 Attention: Corporate Trust
Administration
 101 Barclay Street, Floor 8W New York,
 New York
10286
 Fax: (212) 815-5707

  
 Section 6.3 Partial
Invalidity. If any provision of this Agreement is held to be invalid or unenforceable, such invalidity or unenforceability shall not invalidate this Agreement as a whole, but this Agreement shall be construed as though it did not contain the
particular provision held to be invalid or unenforceable and the rights and obligations of the parties shall be construed and enforced only to such extent as shall be permitted by applicable law. 
  

 Section 6.4 Successors. This Agreement, the other Financing Agreements and any other document
referred to herein or therein shall be binding upon a Debtor and its successors and assigns and inure to the benefit of and be enforceable by Secured Party and its successors and assigns, except that a Debtor may not assign its rights under this
Agreement, the other Financing Agreements and any other document referred to herein or therein without the prior written consent of Secured Party. 
  
 Section 6.5 Entire Agreement; Intercreditor Agreement. This Agreement, the other Financing Agreements, any supplements hereto or thereto, and any
instruments or documents delivered or to be delivered in connection herewith or therewith represents the entire agreement and understanding concerning the subject matter hereof and thereof between the parties hereto, and supersede all other prior
agreements, understandings, negotiations and discussions, representations, warranties, commitments, proposals, offers and contracts concerning the subject matter hereof, whether oral or written. In the event of any inconsistency between the terms of
this Agreement and any schedule or exhibit hereto, the terms of this Agreement shall govern. All of the rights and remedies granted to the Secured Party and the Noteholders hereunder shall be subject to the terms of the Intercreditor Agreement. In
the event of any conflict between this Agreement and the Intercreditor Agreement, the provisions of the Intercreditor Agreement shall control. The provisions hereunder are solely for the benefit of the Secured Party and the Noteholders (each of the
foregoing, a “Creditor”) and shall not give any Debtor, its successors or assigns or any other person any rights vis-à-vis any Creditor. 
  
 Section 6.6 Counterparts. This Agreement may be executed in any number of counterparts, but all of such counterparts shall together constitute but
one and the same agreement. In making proof of this Agreement, it shall not be necessary to produce or account for more than one counterpart hereof signed by each of the parties hereto. This Agreement may be executed and delivered by telecopier with
the same force and effect as if it were a manually executed and delivered counterpart. 
  
 Section 6.7 Incorporation by Reference. In addition to those hereunder, the Secured Party is entitled to all rights, privileges, protections, benefits, immunities and indemnities provided to it as Trustee under
the Indenture. 
  
 Section 6.8 Limitation on Duty of Secured
Party in Respect of Collateral; Indemnification. (a) Beyond the exercise of reasonable care in the custody thereof, the Secured Party shall have no duty as to any Collateral in its possession or control or in the possession or control of any
agent or bailee or any income thereon or as to preservation of rights against prior parties or any other rights pertaining thereto and the Secured Party shall not be responsible for filing any financing or continuation statements or recording any
documents or instruments in any public office at any time or times or otherwise perfecting or maintaining the perfection of any security interest in the Collateral. The Secured Party shall be deemed to have exercised reasonable care in the custody
of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which it accords its own property and shall not be liable or responsible for any loss or diminution in the value of any of the Collateral, by
reason of the act or omission of any carrier, forwarding agency or other agent or bailee selected by the Secured Party in good faith. 
  

 (b) The Secured Party shall not be responsible for the existence, genuineness or value of
any of the Collateral or for the validity, perfection, priority or enforceability of the Liens in any of the Collateral, whether impaired by operation of law or by reason of any action or omission to act on its part hereunder, except to the extent
such action or omission constitutes gross negligence, bad faith or wilful misconduct on the part of the Secured Party, for the validity or sufficiency of the Collateral or any agreement or assignment contained therein, for the validity of the title
of the Debtors to the Collateral, for insuring the Collateral or for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise as to the maintenance of the Collateral. 
  
 (c) The Secured Party shall have no duty to act outside of
the United States in respect of any Collateral located in the jurisdiction other than the United States. 
  
 (d) Each of the Debtors agrees to record and file, at its own expense, financing statements (and continuation statements when applicable)
with respect to the Collateral now existing or hereafter created meeting the requirements of applicable state law in such manner and in such jurisdictions as are necessary to perfect, and maintain perfected the Collateral, and to deliver promptly a
file stamped copy of each such financing statement or other evidence of filing to the Secured Party. The Secured Party shall be under no obligation whatsoever to file such financing or continuation statements or to make any other filing under the
UCC. 
  
 SECTION 7. ADDITIONAL PLEDGORS 
  
 Pursuant to Section 4.16 of the Indenture, each domestic Subsidiary of the
Company and Finance Corp. that was not in existence or not a domestic Subsidiary on the date of the Indenture is required to enter into this Agreement as a Debtor. Upon execution and delivery by the Secured Party and such Subsidiary of an instrument
in the form of Exhibit B attached hereto, such Subsidiary shall become a Debtor hereunder with the same force and effect as if originally named as a Debtor herein. The execution and delivery of such instrument shall not require the consent of any
other Debtors hereunder. The rights and obligations of each Debtor hereunder shall remain in full force and effect notwithstanding the addition of any new Debtor as a party to this Agreement. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 IN WITNESS WHEREOF, each Debtor has caused this General Security Agreement to be duly executed as of the
day and year first above written. 
  

			
	DEBTORS:
	
	 WISE METALS GROUP LLC

		
	By:	 	/s/    DANNY MENDELSON        
	 Title:
	 	Executive Vice President

  

			
	 WISE ALLOYS FINANCE CORPORATION

		
	By:	 	/s/    DANNY MENDELSON        
	 Title:
	 	Secretary and Treasurer

  

			
	 WISE ALLOYS LLC

		
	By:	 	/s/    DANNY MENDELSON        
	 Title:
	 	Executive Vice President

  

			
	 WISE RECYCLING, LLC

		
	By:	 	/s/    DANNY MENDELSON        
	 Title:
	 	President and Secretary

  

			
	LISTERHILL TOTAL MAINTENANCE CENTER LLC
		
	By:	 	/s/    DANNY MENDELSON        
	 Title:
	 	Secretary

  

			
	 WISE WAREHOUSING, LLC

		
	By:	 	/s/    DANNY MENDELSON        
	 Title:
	 	President

  

			
	 WISE RECYCLING TEXAS

		
	By:	 	/s/    DANNY MENDELSON        
	 Title:
	 	President

  

			
	 WISE RECYCLING WEST, LLC

		
	By:	 	/s/    DANNY MENDELSON        
	 Title:
	 	President

  

			
	 SECURED PARTY:

	
	 THE BANK OF NEW YORK, as Trustee

		
	By:	 	/s/    GEOVANNI BARRIS        
	 Title:
	 	Vice President

  

 Exhibit A 
  
 to the 
 General Security Agreement 
  
 Perfection Certificate 
  

 Exhibit B to the 
 General Security Agreement 
  
 Form of Joinder Agreement 
  
 SUPPLEMENT NO.
             dated as of [                    ], to the General Security Agreement
(the “Security Agreement”), dated as of May 5, 2004, by Wise Metals Group LLC, a Delaware limited liability company (the “Company”), Wise Alloys Finance Corporation, a Delaware corporation (“Finance Corp.”, and together
with the Company, the “Issuers”), Wise Alloys LLC, a Delaware limited liability company ( “Wise Alloys”), Wise Recycling, LLC, a Maryland limited liability company (“Recycling”), Listerhill Total Maintenance Center LLC,
a Delaware limited liability company (“Listerhill”), Wise Warehousing, LLC, a Delaware limited liability company (“Warehousing”), Wise Recycling Texas, LLC, a Delaware limited liability company (“Recycling Texas”) and
Wise Recycling West, LLC, a Delaware limited liability company (“Recycling West”, and together with the Issuers, Wise Alloys, Recycling, Listerhill, Warehousing, Recycling Texas and Recycling West, collectively, the “Debtors”),
in favor of The Bank of New York, in its capacity as trustee (the “Trustee”) pursuant to the indenture (as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, the
“Indenture”), dated as of the date hereof by and among the Issuers, the guarantors party thereto and the Trustee, acting for and on behalf of the holders (the “Noteholders”) of the Notes described below (in such capacity,
“Secured Party”). 
  
 A. Pursuant to the Indenture, the
Issuers have issued 101⁄4% Senior Secured Notes due 2012 in the aggregate principal amount of $150,000,000 (collectively, the “Notes”). 
  
 B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Security Agreement. 
  
 C. Pursuant to Section 4.16 of the Indenture, each domestic Subsidiary of the
Company and Finance Corp. that was not in existence on the date of the Indenture is required to enter into the Security Agreements. Each of the Security Agreements provides that such New Subsidiary may become a party to the Security Agreements by
execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the Indenture to become a party to the
Security Agreements. 
  
 Accordingly, the Secured Party and the
New Subsidiary agree as follows: 
  
 SECTION 1.
In accordance with Section 4.16 of the Indenture, the New Subsidiary by its signature below becomes a Pledgor or a Debtor under each of the Security Agreements with the same force and effect as if originally named therein as a party thereto and
hereby (a) agrees to all terms and provisions of the Security Agreements applicable to it as a Pledgor or Debtor thereunder and (b) represents and warrants 

  

 -2- 

 
that the representations and warranties made by it as a Pledgor or a Debtor thereunder are true and correct on and as of the date hereof. In furtherance of
the foregoing, the New Subsidiary, as security for the payment and performance in full of the Obligations (as defined in the Indenture), does hereby create and grant to the Secured Party, its successors and assigns, for the benefit of the Secured
Parties, their successors and assigns, a security interest in and lien on all of the New Subsidiary’s right, title and interest in and to the Collateral (as defined in the General Security Agreement) and Pledged Property (as defined in the
Pledge and Security Agreement) of the New Subsidiary. Each of the Security Agreements is hereby incorporated herein by reference. 
  
 SECTION 2. The New Subsidiary represents and warrants to the Secured Party that this Supplement has been duly authorized, executed and
delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 
  
 SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Secured Party shall have received counterparts of this Supplement that, when taken together, bear
the signatures of the New Subsidiary and the Secured Party. Delivery of an executed signature page to this Supplement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Supplement. 
  
 SECTION 4. The New Subsidiary hereby represents and warrants
that (a) such New Subsidiary is organized under the laws of [            ], (b) set forth on Schedule II attached hereto is a true and correct schedule of locations of any and all
Collateral of the New Subsidiary, (c) set forth under its signature hereto, is the true and correct location of the chief executive office of the New Subsidiary and (d) set forth on Schedule III attached hereto is a true and correct schedule
describing the Pledged Property of the New Subsidiary being pledged hereunder. 
  
 SECTION 5. Except as expressly supplemented thereby, each of the Collateral Documents shall remain in full force and effect. 

 
 SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 SECTION 7. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions
contained herein and in the Security Documents shall not in any way be affected or impaired thereby (it being understood that the invalidity a particular provision in a particular jurisdiction shall not in 

  

 -3- 

 
and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the
invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
  
 SECTION 8. All communications and notices hereunder shall be in writing and given as provided in Section
15.2 of the Indenture. All communications and notices hereunder of the New Subsidiary shall be given to it at the address set forth under its signature below. 
  

SECTION 9. The New Subsidiary agrees to reimburse the Secured Party for its reasonable out-of-pocket expenses in connection with this
Supplement, including the reasonable fees, other charges and disbursements of counsel for the Secured Party. 
  
 IN WITNESS WHEREOF, the New Subsidiary and the Secured Party have duly executed this Supplement to the Security Agreement as of the day and year first
above written. 
  

 -4- 

			
	 [Name Of New Subsidiary];

		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 
	 Address:
	 	 

  

			
	 [                    ],

	 as Trustee,

		
	By:	 	 
	 Name:
	 	 
	 Title:  
	 	 

  

 S-1 

 SCHEDULE I 
 to the Joinder Agreement 
  
 Location of Collateral 
  

			
	 Description

	 	 Location

  

 SCHEDULE II 
 to the Joinder Agreement 
  
 Pledged Property of the New Pledgor 
  

									
	 Issuer

	 	 Number of Certificate

	 	 Registered Owner

	  	Number and Class of
Shares

	  	Percentage of Shares or
Interests

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