Document:

Exhibit 4.1

                            HERLEY INDUSTRIES, INC.
                             2003 Stock Option Plan
                             ----------------------

SECTION 1.  GENERAL PROVISIONS

1.1     Name and General Purpose
        ------------------------

     The name of this plan is the Herley Industries, Inc. 2003 Stock Option Plan
(hereinafter  called the  "Plan").  The Plan is intended  to be a  broadly-based
incentive plan which enables  Herley  Industries,  Inc. (the  "Company") and its
subsidiaries  and  affiliates to foster and promote the interests of the Company
by  attracting  and  retaining   directors,   officers  and  employees  of,  and
consultants  to, the Company who  contribute to the  Company's  success by their
ability, ingenuity and industry, to enable such directors,  officers,  employees
and  consultants  to  participate  in the  long-term  success  and growth of the
Company by giving  them a  proprietary  interest  in the  Company and to provide
incentive  compensation   opportunities  competitive  with  those  of  competing
corporations.

1.2     Definitions
        -----------

          a.   "Affiliate"  means any  person or entity  controlled  by or under
               common  control with the Company,  by virtue of the  ownership of
               voting securities, by contract or otherwise.

          b.   "Board" means the Board of Directors of the Company.

          c.   "Change in Control" means a change of control of the Company,  or
               in any person  directly or  indirectly  controlling  the Company,
               which shall mean:

               (a) a change in  control  as such term is  presently  defined  in
               Regulation 240.12b-(2) under the Securities Exchange Act of 1934,
               as amended (the "Exchange Act"); or

               (b) if any  "person"  (as such term is used in Section  13(d) and
               14(d) of the Exchange Act) other than the Company or any "person"
               who on the date of this Agreement is a director or officer of the
               Company,  becomes  the  "beneficial  owner"  (as  defined in Rule
               13(d)-3  under the  Exchange  Act)  directly  or  indirectly,  of
               securities of the Company  -representing  twenty percent (20%) or
               more  of the  voting  power  of the  Company's  then  outstanding
               securities; or

               (c) if during any period of two (2) consecutive  years during the
               term of  this  Plan,  individuals  who at the  beginning  of such
               period constitute the Board of Directors, cease for any reason to
               constitute at least a majority thereof.

          d.   "Committee" means the Committee referred to in Section 1.3 of the
               Plan.

          e.   "Common  Stock" means shares of the Common Stock,  par value $.10
               per share, of the Company.

          f.   "Company" means Herley Industries,  Inc., a corporation organized
               under  the  laws of the  State  of  Delaware  (or  any  successor
               corporation).

          g.   "Fair Market Value" means the market price of the Common Stock on
               the  National   Association  of  Securities   Dealers   Automated
               Quotation  ("NASDAQ")  system  on the date of the grant or on any
               other date on which the Common  Stock is to be valued  hereunder.

                                       1
<PAGE>

               If no sale shall have been  reported  on the NASDAQ on such date,
               Fair Market Value shall be determined by the Committee.

          h.   "Non-Employee  Director" shall have the meaning set forth in Rule
               16(b)  promulgated  by the  Securities  and  Exchange  Commission
               ("Commission").

          i.   "Option" means any option to purchase  Common Stock under Section
               2 of the Plan.

          j.   "Option  Agreement"  means  the  option  agreement  described  in
               Section 2.4 of the Plan.

          k.   "Participant" means any director, officer, employee or consultant
               of the Company,  a Subsidiary  or an Affiliate who is selected by
               the Committee to participate in the Plan.

          l.   "Subsidiary" means any corporation in which the Company possesses
               directly or indirectly  50% or more of the combined  voting power
               of all classes of stock of such corporation.

          m.   "Total  Disability"  means  accidental  bodily injury or sickness
               which  wholly  and   continuously   disabled  an  optionee.   The
               Committee,   whose  decisions  shall  be  final,   shall  make  a
               determination of Total Disability.

1.3     Administration of the Plan
        --------------------------

     The Plan shall be administered  by the Board or by the Committee  appointed
by the Board consisting of two or more members of the Board all of whom shall be
Non-Employee  Directors.  The Committee shall serve at the pleasure of the Board
and shall have such powers as the Board may, from time to time, confer upon it.

     Subject to this  Section 1.3,  the  Committee  shall have sole and complete
authority to adopt, alter, amend or revoke such administrative rules, guidelines
and  practices  governing  the  operation of the Plan as it shall,  from time to
time, deem advisable, and to interpret the terms and provisions of the Plan.

     The Committee  shall keep minutes of its meetings and of action taken by it
without a meeting.  A majority of the Committee shall  constitute a quorum,  and
the acts of a majority of the  members  present at any meeting at which a quorum
is present,  or acts  approved in writing by all of the members of the Committee
without a meeting, shall constitute the acts of the Committee.

1.4     Eligibility
        -----------

     Stock  Options may be granted  only to  directors,  officers,  employees or
consultants  of the Company or a Subsidiary  or  Affiliate.  All  employees  are
eligible  to  receive  Stock  Options  under the Plan.  Any  person who has been
granted any Option may, if he is otherwise  eligible,  be granted an  additional
Option or Options.

1.5     Shares
        ------

     The aggregate  number of shares reserved for issuance  pursuant to the Plan
shall be 1,000,000  shares of Common Stock,  or the number and kind of shares of
stock or other securities which shall be substituted for such shares or to which
such shares shall be adjusted as provided in Section 1.6.

     Such number of shares may be set aside out of the  authorized  but unissued
shares of Common Stock or out of issued shares of Common Stock  acquired for and
held in the Treasury of the Company, not reserved for any other purpose.  Shares
subject to, but not sold or issued under, any Option terminating or expiring for
any reason  prior to its  exercise in full will again be  available  for Options
thereafter granted during the balance of the term of the Plan.

                                       2
<PAGE>

1.6     Adjustments Due to Stock Splits,  Mergers, Consolidation, Etc.
        --------------------------------------------------------------

     If, at any time,  the  Company  shall  take any  action,  whether  by stock
dividend,  stock split,  combination of shares or otherwise,  which results in a
proportionate  increase  or  decrease  in the  number of shares of Common  Stock
theretofore issued and outstanding,  the number of shares which are reserved for
issuance  under the Plan and the  number  of shares  which,  at such  time,  are
subject to Options shall, to the extent deemed appropriate by the Committee,  be
increased or  decreased  in the same  proportion,  provided,  however,  that the
Company shall not be obligated to issue fractional shares.

     Likewise,  in the event of any change in the  outstanding  shares of Common
Stock by reason of any recapitalization, merger, consolidation,  reorganization,
combination or exchange of shares or other corporate change, the Committee shall
make such substitution or adjustments, if any, as it deems to be appropriate, as
to the number or kind of shares of Common  Stock or other  securities  which are
reserved  for  issuance  under  the  Plan  and the  number  of  shares  or other
securities which, at such time are subject to Options.

     In the  event  of a  Change  in  Control,  at the  option  of the  Board or
Committee,  (a) all  Options  outstanding  on the date of such Change in Control
shall become  immediately  and fully  exercisable,  and (b) an optionee  will be
permitted to surrender for cancellation within sixty (60) days after such Change
in Control any Option or portion of an Option  which was  granted  more than six
(6) months prior to the date of such surrender, to the extent not yet exercised,
and to receive a cash payment in an amount  equal to the excess,  if any, of the
Fair  Market  Value (on the date of  surrender)  of the  shares of Common  Stock
subject  to the  Option  or  portion  thereof  surrendered,  over the  aggregate
purchase price for such Shares under the Option.

1.7     Non-Alienation of Benefits
        --------------------------

     Except as herein  specifically  provided,  no right or unpaid benefit under
the Plan shall be subject to  alienation,  assignment,  pledge or charge and any
attempt to  alienate,  assign,  pledge or charge the same shall be void.  If any
Participant  or other person  entitled to benefits  hereunder  should attempt to
alienate,  assign,  pledge or charge any benefit  hereunder,  then such  benefit
shall, in the discretion of the Committee, cease.

1.8     Withholding or Deduction for Taxes
        ----------------------------------

     If, at any time,  the Company or any  Subsidiary  or Affiliate is required,
under applicable laws and regulations, to withhold, or to make any deduction for
any taxes, or take any other action in connection with any Option exercise,  the
Participant  shall be  required  to pay to the  Company  or such  Subsidiary  or
Affiliate, the amount of any taxes required to be withheld, or, in lieu thereof,
at the option of the Company,  the Company or such  Subsidiary  or Affiliate may
accept a  sufficient  number  of shares  of  Common  Stock to cover  the  amount
required to be withheld.

1.9     Administrative Expenses
        -----------------------

     The entire expense of administering the Plan shall be borne by the Company.

1.10    General Conditions
        ------------------

          a.   The Board or the Committee may, from time to time, amend, suspend
               or terminate any or all of the  provisions of the Plan,  provided
               that, without the Participant's  approval,  no change may be made
               which would alter or impair any right theretofore  granted to any
               Participant.

          b.   With  the  consent  of  the  Participant  affected  thereby,  the
               Committee  may  amend or  modify  any  outstanding  Option in any
               manner not  inconsistent  with the terms of the Plan,  including,
               without limitation, and irrespective of the provisions of Section
               2.3(c)  below,  to  accelerate  the  date or dates as of which an
               installment of an Option becomes exercisable;  provided, that the
               Committee  shall not have the right to  reprice  any  outstanding
               Options.

                                       3
<PAGE>

          c.   Nothing  contained in the Plan shall  prohibit the Company or any
               Subsidiary  or  Affiliate  from  establishing   other  additional
               incentive compensation  arrangements for employees of the Company
               or such Subsidiary or Affiliate.

          d.   Nothing  in the Plan  shall be deemed to limit,  in any way,  the
               right of the Company or any  Subsidiary or Affiliate to terminate
               a  Participant's  employment or service with the Company (or such
               Subsidiary or Affiliate) at any time.

          e.   Any  decision  or  action  taken by the  Board  or the  Committee
               arising  out  of  or  in   connection   with  the   construction,
               administration,  interpretation  and  effect of the Plan shall be
               conclusive  and  binding  upon all  Participants  and any  person
               claiming under or through any Participant.

          f.   No member of the Board or of the  Committee  shall be liable  for
               any act or action, whether of commission or omission, (i) by such
               member except in  circumstances  involving  actual bad faith, nor
               (ii) by any other member or by any officer, agent or employee.

1.11    Compliance with Applicable Law
        ------------------------------

     Notwithstanding  any other  provision of the Plan, the Company shall not be
obligated to issue any shares of Common Stock,  or grant any Option with respect
thereto,  unless it is advised by  counsel  of its  selection  that it may do so
without  violation of the  applicable  Federal and State laws  pertaining to the
issuance of  securities  and the Company  may require any stock  certificate  so
issued to bear a legend, may give its transfer agent  instructions  limiting the
transfer  thereof,  and may  take  such  other  steps,  as in its  judgment  are
reasonably required to prevent any such violation.

1.12    Effective Dates
        ---------------

     The Plan  was  adopted  by the  Board on March  19,  2003.  The Plan  shall
terminate on March 19, 2013.

Section 2.  OPTION GRANTS
            -------------

2.1     Authority of Committee
        ----------------------

     Subject to the  provisions of the Plan,  the Committee  shall have the sole
and complete  authority to determine (i) the  Participants to whom Options shall
be granted;  (ii) the number of shares to be covered by each  Option;  and (iii)
the  conditions  and  limitations,  if any,  in  addition  to those set forth in
Sections 2 and 3 hereof,  applicable  to the  exercise  of an Option,  including
without limitation,  the nature and duration of the restrictions,  if any, to be
imposed upon the sale or other  disposition of shares  acquired upon exercise of
an Option.

     Stock Options granted under the Plan shall be non-qualified stock options.

     The Committee shall have the authority to grant Options.

2.2     Option Exercise Price
        ---------------------

     The exercise  price set forth in the Option  Agreement at the time of grant
shall not be less than the Fair  Market  Value of the  Common  Stock at the time
that the Option is granted.

     The  purchase  price  is to be  paid in full  in  cash,  certified  or bank
cashier's  check or, at the option of the  Company,  Common  Stock valued at its
Fair Market Value on the date of exercise,  or a combination  thereof,  when the
Option is exercised and stock  certificates  will be delivered only against such
payment.

                                       4
<PAGE>

2.3     Option Grants
        -------------

     Each Option will be subject to the following provisions:

     a.   Term of Option
          --------------

     An Option  will be for a term of not more  than ten years  from the date of
grant.

     b.   Exercise
          --------

     (i) By an Employee:
         --------------

          Unless  otherwise  provided by the  Committee and except in the manner
          described  below  upon the death of the  optionee,  an  Option  may be
          exercised  only in  installments  as  follows:  up to  one-half of the
          subject  shares  on and after  the  first  anniversary  of the date of
          grant,  up to all of the  subject  shares on and after the second such
          anniversary  of the date of the grant of such  Option  but in no event
          later than the expiration of the term of the Option.

          An Option shall be exercisable during the optionee's  lifetime only by
          the optionee and shall not be exercisable by the optionee  unless,  at
          all times  since the date of grant and at the time of  exercise,  such
          optionee is an employee of or providing  services to the Company,  any
          parent  corporation  of the Company or any  Subsidiary  or  Affiliate,
          except that,  upon  termination of all such employment or provision of
          services  (other  than  by  death,  Total  Disability,   or  by  Total
          Disability followed by death in the circumstances provided below), the
          optionee  may  exercise  an Option  at any time  within  three  months
          thereafter  but only to the extent such Option is  exercisable  on the
          date of such termination.

          Upon  termination  of all such  employment  by Total  Disability,  the
          optionee  may  exercise  such  Options  at any  time  within  one year
          thereafter,  but only to the extent such Option is  exercisable on the
          date of such termination.

          In the event of the death of an  optionee  (i) while an employee of or
          providing  services  to the  Company,  any parent  corporation  of the
          Company or any  Subsidiary or  Affiliate,  or (ii) within three months
          after  termination  of all such  employment  or  provision of services
          (other  than for Total  Disability)  or (iii)  within  one year  after
          termination on account of Total  Disability of all such  employment or
          provision  of  services,  such  optionee's  estate or any  person  who
          acquires the right to exercise  such option by bequest or  inheritance
          or by reason of the death of the optionee may exercise such optionee's
          Option at any time  within the period of three  years from the date of
          death.  In the case of clauses (i) and (iii) above,  such Option shall
          be exercisable in full for all the remaining  shares covered  thereby,
          but in the case of clause (ii) such Option shall be  exercisable  only
          to the extent it was  exercisable  on the date of such  termination of
          employment or service.

     (ii) By Persons other than Employees:
          -------------------------------

          If the  optionee  is not an  employee  of the  Company  or the  parent
          corporation of the Company or any Subsidiary or Affiliate, the vesting
          of such optionee=s  right to exercise his Options shall be established
          and determined by the Committee in the Option  Agreement  covering the
          Options granted to such optionee.

          Notwithstanding the foregoing  provisions regarding the exercise of an
          Option in the event of death,  Total Disability,  other termination of

                                       5
<PAGE>

          employment or provision of services or otherwise, in no event shall an
          Option be exercisable in whole or in part after the  termination  date
          provided in the Option Agreement.

     c. Transferability
        ---------------

          An Option granted under the Plan shall not be  transferable  otherwise
          than by will or by the laws of descent and distribution, except as may
          be permitted by the Board or the Committee.

2.4     Agreements
        ----------

     In  consideration  of any Options granted to a Participant  under the Plan,
each such  Participant  shall  enter into an Option  Agreement  with the Company
providing,  consistent  with the  Plan,  such  terms as the  Committee  may deem
advisable.

                                       6<PAGE>
                                                                   Exhibit 10.2

                             METAL SUPPLY AGREEMENT

                                     between

                                  NOVELIS INC.

                                 (as Purchaser)

                                       and

                                   ALCAN INC.

                                  (as Supplier)

                     FOR THE SUPPLY OF REMELT ALUMINUM INGOT

<PAGE>

         DATED DECEMBER ____, 2004, WITH EFFECT AS OF THE EFFECTIVE DATE

                                      -ii-

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>

<S>                                                                                                               <C>
1.    DEFINITIONS AND INTERPRETATION..............................................................................1

   1.1      Definitions...........................................................................................1
   1.2      Currency..............................................................................................5
   1.3      Vienna Convention.....................................................................................5

2.    ALUMINUM....................................................................................................6

   2.1      Supply and Sale by the Supplier.......................................................................6
   2.2      Purchase by the Purchaser.............................................................................6
   2.3      Notification of Quantities of Aluminum Required by the Purchaser......................................6
   2.4      Scheduling of Quantities..............................................................................7
   2.5      Supplier's Shipping Obligations.......................................................................7
   2.6      Price.................................................................................................8
   2.7      Quality...............................................................................................8
   2.8      Payment...............................................................................................9
   2.9      Delivery.............................................................................................10
   2.10     Title and Risk of Loss...............................................................................10
   2.11     Purchaser as Principal...............................................................................10

3.    FORCE MAJEURE..............................................................................................10

   3.1      Effect of Force Majeure..............................................................................10
   3.2      Definition...........................................................................................10
   3.3      Notice...............................................................................................11
   3.4      Pro Rata Allocation..................................................................................11
   3.5      Consultation.........................................................................................11
   3.6      Termination..........................................................................................11

4.    ASSIGNMENT.................................................................................................12

   4.1      Prohibition on Assignments...........................................................................12
   4.2      Assignment within Alcan Group or Novelis Group.......................................................12

5.    TERM AND TERMINATION.......................................................................................12

   5.1      Effectiveness........................................................................................12
   5.2      Term.................................................................................................13
   5.3      Extension............................................................................................13
   5.4      Termination..........................................................................................13

6.    EVENTS OF DEFAULT..........................................................................................13

7.    REPRESENTATIONS AND WARRANTIES.............................................................................14

8.    CONFIDENTIALITY............................................................................................14

9.    DISPUTE RESOLUTION.........................................................................................14

   9.1      Disputes.............................................................................................14
</TABLE>

                                      -iii-

<PAGE>

<TABLE>
<CAPTION>

<S>                                                                                                              <C>
   9.2      Continuing Obligations...............................................................................15

10.      MISCELLANEOUS...........................................................................................15

   10.1     Construction.........................................................................................15
   10.2     Payment Terms........................................................................................15
   10.3     Notices..............................................................................................15
   10.4     Governing Law........................................................................................16
   10.5     Judgment Currency....................................................................................16
   10.6     Entire Agreement.....................................................................................17
   10.7     Conflicts............................................................................................17
   10.8     Severability.........................................................................................17
   10.9     Survival.............................................................................................17
   10.10    Execution in Counterparts............................................................................17
   10.11    Amendments...........................................................................................17
   10.12    Waivers..............................................................................................18
   10.13    No Partnership.......................................................................................18
   10.14    Taxes, Royalties and Duties..........................................................................18
   10.15    Limitations of Liability.............................................................................18
</TABLE>

SCHEDULES

1    Contract  Tonnage and Estimated Requirement and Shipping Schedule for
     Contract Year and for First Three Calendar Months

2    Aluminum Specifications

3.   Low Profile Sow

                                      -iv-
<PAGE>

                             METAL SUPPLY AGREEMENT

THIS AGREEMENT entered into in the City of Montreal, Province of Quebec, is
dated December ____, 2004, with effect as of the Effective Date.

BETWEEN:    NOVELIS INC., a corporation incorporated under the Canada Business
            Corporations Act ("NOVELIS" or the "PURCHASER");

AND:        ALCAN INC., a corporation organized under the Canada Business
            Corporations Act ("ALCAN" or the "SUPPLIER").

RECITALS:

WHEREAS Alcan and Novelis have entered into a Separation Agreement pursuant to
which they set out the terms and conditions relating to the separation of the
Separated Businesses from the Remaining Alcan Businesses (each as defined
therein), such that the Separated Businesses are to be held, as at the Effective
Time (as defined therein), directly or indirectly, by Novelis (such agreement,
as amended, restated or modified from time to time, the "SEPARATION AGREEMENT").

WHEREAS the Supplier wishes to supply, and the Purchaser wishes to purchase,
subject to the terms and conditions of this Agreement, Aluminum (as defined
below) required by the Purchaser at the Delivery Sites (as defined below).

WHEREAS the Parties have entered into this Agreement in order to set forth such
terms and conditions.

NOW THEREFORE, in consideration of the mutual agreements, covenants and other
provisions set forth in this Agreement, the Parties hereby agree as follows:

1.   DEFINITIONS AND INTERPRETATION

1.1  DEFINITIONS

     For the purposes of this Agreement, the following terms and expressions and
     variations thereof shall, unless another meaning is clearly required in the
     context, have the meanings specified or referred to in this Section 1.1:

     "AFFECTED PARTY" has the meaning set forth in Section 3.1.

     "AFFILIATE" of any Person means any other Person that, directly or
     indirectly, controls, is controlled by, or is under common control with
     such first Person as of the date on which or at any time during the period
     for when such determination is being made. For purposes of this definition,
     "CONTROL" means the possession, directly or indirectly, of the power to
     direct or cause the direction of the management and policies of such
     Person, whether

<PAGE>

     through the ownership of voting securities or other interests, by contract
     or otherwise and the terms "CONTROLLING" and "CONTROLLED" have meanings
     correlative to the foregoing.

     "AGREED DISCOUNT" means $7 (or such other amount as may be notified by the
     Supplier to the Purchaser in writing 3 months prior to the application of
     such other amount) per Tonne of Aluminum supplied from the Supplier's
     Allouette smelter to the Purchaser's Saguenay Works facility.

     "AGREEMENT" means this Metal Supply Agreement, including all of the
     Schedules hereto.

     "ALCAN" means Alcan Inc.

     "ALCAN  GROUP"  means Alcan and its  Subsidiaries  from time to time on and
     after the Effective Date.

     "ALUMINUM" means aluminum metal conforming to the Specifications set forth
     in SCHEDULE 2, produced at the Supplier Facilities.

     "ALUMINUM PRICE" for any calendar month means the arithmetic average of the
     midwest transaction prices for primary high grade aluminum as published in
     Metals Week on each day during the calendar month preceding such calendar
     month or as otherwise determined pursuant to Section 2.6(b), less *** of
     the Three Month LME Price for such calendar month, less the Agreed Discount
     (if applicable).

     "APPLICABLE  LAW"  means any  applicable  law,  rule or  regulation  of any
     Governmental Authority or any outstanding order, judgment, injunction,
     ruling or decree by any Governmental Authority.

     "BILL OF LADING DATE" means the date of the bill of lading representing
     Aluminum cargo to be delivered under this Agreement.

     "BUSINESS CONCERN" means any corporation, company, limited liability
     company, partnership, joint venture, trust, unincorporated association or
     any other form of association.

     "BUSINESS DAY" means any day excluding (i) Saturday, Sunday and any other
     day which, in the City of Montreal (Canada) or in the City of New York
     (United States), is a legal holiday, or (ii) a day on which banks are
     authorized by Applicable Law to close in the city of Montreal (Canada) or
     in the city of New York (United States).

     "COMMERCIALLY REASONABLE EFFORTS" means the efforts that a reasonable and
     prudent Person desirous of achieving a business result would use in similar
     circumstances to ensure that such result is achieved as expeditiously as
     possible in the context of commercial relations of the type contemplated in
     this Agreement; provided, however, that an obligation to use Commercially
     Reasonable Efforts under this Agreement does not require the Person subject
     to that obligation to assume any material obligations or pay any material
     amounts

*** Certain information on this page has been omitted and filed separately with
    the Securities and Exchange Commission. Confidential treatment has been
    requested with respect to the omitted portions.

                                      -2-
<PAGE>

     to a Third Party or take actions that would reduce the benefits intended to
     be obtained by such Person under this Agreement.

     "CONSENT" means any approval, consent, ratification, waiver or other
     authorization.

     "CONTRACT TONNAGE" has the meaning set out in Section 2.3(c).

     "CONTRACT YEAR" means (a) initially the period commencing on the Effective
     Date and ending on the last day of the calendar year in which the Effective
     Date occurs (such initial period being "CONTRACT YEAR 1") and (b)
     thereafter, each successive period consisting of twelve calendar months
     (the first such period being "CONTRACT YEAR 2"), provided that the final
     Contract Year shall end on the last day of the Term.

     "CPT" means, to the extent not inconsistent with the provisions of this
     Agreement, CPT as defined in Incoterms 2000, published by the ICC, Paris,
     France, as amended from time to time.

     "DEFAULT INTEREST RATE" means the greater of 10% per annum or the Prime
     Rate plus 3% per annum, but in no event shall the Default Interest Rate
     exceed the maximum rate of interest permitted by Applicable Law.

     "DEFAULTING PARTY" has the meaning set forth in Section 6.

     "DELIVERY SITE" means any of the following facilities of the Purchaser as
     specified, in respect of each shipment of Aluminum, in the Monthly
     Requirement Schedule provided by the Purchaser hereunder:

          (a)  Logan Aluminum, Russelville, Kentucky;

          (b)  Oswego Plant, Oswego, New York;

          (c)  Berea Plant, Berea, Kentucky;

          (d)  Greensboro Plant, Greensboro, Georgia;

          (e)  Scepter Aluminum, New Johnsville, Tennessee;

          (f)  Saguenay Works Facility, located at 2040 Fay Street, Jonquiere,
               Quebec, Canada; and

          (g)  such other facilities of the Purchaser as may be agreed to by the
               Parties in writing.

     "DISPUTES" has the meaning set forth in Section 9.1.

     "DOLLARS"or "$" means the lawful currency of the United States of America.

     "EFFECTIVE DATE" means the "Effective Date" as defined in the Separation
     Agreement.

                                      -3-
<PAGE>

     "EVENT OF DEFAULT" has the meaning set forth in Section 6.

     "FORCE MAJEURE" has the meaning set forth in Section 3.2.

     "GOVERNMENTAL AUTHORITY" means any court, arbitration panel, governmental
     or regulatory authority, agency, stock exchange, commission or body.

     "GOVERNMENTAL AUTHORIZATION" means any Consent, license, certificate,
     franchise, registration or permit issued, granted, given or otherwise made
     available by, or under the authority of, any Governmental Authority or
     pursuant to any Applicable Law.

     "ICC" means the International Chamber of Commerce.

     "INCOTERMS 2000" means the set of international rules updated in the year
     2000 for the interpretation of the most commonly used trade terms for
     foreign trade, as published by the ICC.

     "LIABILITIES" has the meaning set forth in the Separation Agreement.

     "LME" means the London Metal Exchange.

     "METAL REQUIREMENT SCHEDULES" means the Monthly Requirement Schedule.

     "MONTHLY REQUIREMENT SCHEDULE" has the meaning set forth in Section 2.4(a).

     "NOVELIS" means Novelis Inc.

     "NOVELIS GROUP" means Novelis Inc. and its Subsidiaries from time to time
     on and after the Effective Date.

     "PARTY" means each of the Purchaser and the Supplier as a party to this
     Agreement and "PARTIES" means both of them.

     "PERSON" means any individual, Business Concern or Governmental Authority.

     "PRIME RATE" means the floating rate of interest established from time to
     time by the Royal Bank of Canada (the "BANK") as the reference rate of
     interest the Bank will use to determine rates of interest payable by its
     borrowers on commercial loans denominated in Dollars and made by the Bank
     to such borrowers in Canada and designated by the Bank as its "prime rate"
     and which shall change from time to time as changed by the Bank.

     "PURCHASER" has the meaning set forth in the Preamble to this Agreement.

     "SALES TAXES" means any sales, use, consumption, goods and services, value
     added or similar tax, duty or charge imposed by a Governmental Authority
     pursuant to Applicable Law.

     "SEPARATION AGREEMENT" has the meaning set out in the Preamble to this
     Agreement.

                                      -4-
<PAGE>

     "SPECIFICATIONS" means specifications for Aluminum as set out in SCHEDULE
     2, as such Schedule may be amended from time to time by agreement of the
     Parties.

     "SUBSIDIARY" of any Person means any corporation, partnership, limited
     liability entity, joint venture or other organization, whether incorporated
     or unincorporated, of which a majority of the total voting power of capital
     stock or other interests entitled (without the occurrence of any
     contingency) to vote in the election of directors, managers or trustees
     thereof, is at the time owned or controlled, directly or indirectly, by
     such Person.

     "SUPPLIER" has the meaning set forth in the Preamble to this Agreement.

     "SUPPLIER FACILITIES" means smelters owned by the Supplier or any other
     smelters that produce LME registered brand aluminum (other than smelters
     located in India, Egypt or Iran).

     "TERM" has the meaning set forth in Section 5.2.

     "TERMINATING PARTY" has the meaning set forth in Section 6.

     "THIRD PARTY" means a Person that is not a Party to this Agreement, other
     than a member or an Affiliate of Alcan Group or a member or an Affiliate of
     Novelis Group.

     "THIRD PARTY CLAIM" has the meaning set forth in the Separation Agreement.

     "THREE MONTH LME PRICE" for any calendar month means the arithmetic average
     LME 3-Month sellers price for primary high grade aluminum, as published in
     Metal Bulletin on each day during the calendar month preceding such
     calendar month, or as otherwise determined pursuant to Section 2.6(b). As
     an example, the Three Month LME Price for the month of April will be based
     on aluminum prices published during the month of March.

     "TONNE" means 1,000 kilograms.

1.2  CURRENCY

     All references to currency herein are to Dollars unless otherwise
     specified.

1.3  VIENNA CONVENTION

     The Parties agree that the terms of the United Nations Convention (Vienna
     Convention) on Contracts for the International Sale of Goods (1980) shall
     not apply to this Agreement or the obligations of the Parties hereunder.

                                      -5-
<PAGE>

2.   ALUMINUM

2.1  SUPPLY AND SALE BY THE SUPPLIER

     (a)  Subject to the terms and conditions of this Agreement, beginning on
          the Effective Date and continuing throughout the Term of this
          Agreement, the Supplier shall supply and sell to the Purchaser "CPT
          the applicable Delivery Site" the quantities of Aluminum set out in
          the Monthly Requirement Schedules, subject to Section 2.4(b) and
          provided that such quantities are equal, in each Contract Year, to the
          Contract Tonnage for such Contract Year.

     (b)  The Supplier shall supply Aluminum from a Supplier Facility of the
          Supplier's choosing or from such other sources and locations as may be
          agreed by the Parties. The Supplier shall consider supplying, but
          shall not be obligated to supply, Aluminum to the Purchaser from the
          Supplier's smelter located in Sebree, Kentucky. The Supplier shall
          also consider supplying, but shall not be obligated to supply Aluminum
          from its Alouette smelter to Purchaser's Saguenay Works Facility at a
          discounted price.

2.2  PURCHASE BY THE PURCHASER

     Subject to the terms and conditions of this Agreement, beginning on the
     Effective Date and continuing throughout the Term of this Agreement, the
     Purchaser shall purchase and take delivery from the Supplier "CPT the
     applicable Delivery Site" the quantities of Aluminum set out in the Monthly
     Requirement Schedules, subject to Section 2.4(b) and provided that such
     quantities are equal, in each Contract Year, to the Contract Tonnage for
     such Contract Year.

2.3  NOTIFICATION OF QUANTITIES OF ALUMINUM REQUIRED BY THE PURCHASER

     (a)  The Purchaser estimates that the Purchaser will require approximately
          *** Tonnes of Aluminum annually. Subject to Section 2.4(b), the
          Contract Tonnage for each Contract Year during the first three
          Contract Years in the Term of this Agreement shall be no greater than
          *** Tonnes of Aluminum and no less than *** Tonnes of Aluminum.

     (b)  The Purchaser and the Supplier shall use Commercially Reasonable
          Efforts to arrange for shipping and delivery schedules to be evenly
          spread on a monthly basis throughout each Contract Year.

     (c)  On or before October 31 in each Contract Year, the Purchaser shall
          submit to the Supplier a notice setting forth the annual quantity of
          Aluminum required for the next succeeding Contract Year (the "CONTRACT
          TONNAGE" for such Contract Year), and an estimated shipping schedule
          and quantities of Aluminum to be purchased in each calendar month of
          such Contract Year. In establishing such shipping schedule, the
          Purchaser shall endeavour to divide the Contract Tonnage as evenly as
          possible for delivery throughout each month in the Contract Year. The
          Contract Tonnage for

*** Certain information on this page has been omitted and filed separately with
    the Securities and Exchange Commission. Confidential treatment has been
    requested with respect to the omitted portions.

                                      -6-
<PAGE>

          Contract Year 1, and the estimated shipping schedule and quantities of
          Aluminum to be delivered in each calendar month during Contract Year
          1, is set out in SCHEDULE 1 hereto.

2.4  SCHEDULING OF QUANTITIES

     (a)  Throughout the Term of this Agreement, by the fifteenth (15th) day of
          each calendar month (and if such day is not a Business Day, on the
          Business Day immediately preceding such 15th day), the Purchaser shall
          notify the Supplier of:

               (i)  the quantity of Aluminum it will purchase during the
                    following calendar month; the Purchaser shall use
                    Commercially Reasonable Efforts to ensure that the
                    quantities identified in the Monthly Requirement Schedules
                    in each Contract Year are as nearly equal as possible, and
                    in any event would not fluctuate in respect of delivery in
                    any particular month by more or less than fifteen percent
                    (15%) of the quantity identified in the Monthly Requirement
                    Schedule in respect of the preceding month; and

               (ii) the Purchaser's best estimate (which is non-binding) of its
                    Aluminum requirements during the two (2) calendar months
                    following the calendar month referred to in Section
                    2.4(a)(i);

               collectively, the "MONTHLY REQUIREMENT SCHEDULE".

          The Monthly Requirement Schedule for the first three (3) calendar
          months in the Term of this Agreement is set out in SCHEDULE 1 hereto.

     (b)  The Parties agree that (i) the Aluminum delivered hereunder to the
          Purchaser's Delivery Site located in Oswego, New York in each Contract
          Year shall be no less than *** Tonnes in each Contract Year, and
          (ii) the Supplier shall supply at least *** Tonnes of Aluminum in
          each Contract Year from smelters in the Province of Quebec, Canada, in
          which the Supplier holds an ownership interest.

2.5  SUPPLIER'S SHIPPING OBLIGATIONS

     (a)  Notwithstanding the provisions of Incoterms 2000 and Section 2.10, the
          Supplier acknowledges its responsibility to make all necessary
          arrangements for the shipment and the transportation of Aluminum to
          the Delivery Site on behalf of the Purchaser. The Supplier shall act
          as the disclosed agent of the Purchaser in entering into contracts for
          hiring carriers for the shipment of Aluminum under this Agreement. In
          doing this, the Supplier shall use Commercially Reasonable Efforts to
          obtain competitive freight rates and shall obtain approval from the
          Purchaser before entering into any long term contracts for hiring
          carriers on behalf of the Purchaser. The Supplier shall use
          Commercially Reasonable Efforts to ensure that such transportation is
          suitable for delivering the Aluminum to the Delivery Site.

*** Certain information on this page has been omitted and filed separately with
    the Securities and Exchange Commission. Confidential treatment has been
    requested with respect to the omitted portions.

                                      -7-
<PAGE>

     (b)  The Supplier undertakes to maintain the same practices and levels of
          service in respect of shipments of Aluminum hereunder as are
          consistent with its past and current practices. The Supplier
          undertakes to ensure that any shipment of Aluminum supplied hereunder:

               (i)   to the Purchaser's facilities at Oswego Plant, Oswego, New
                     York, shall be made by rail or truck, in accordance with
                     current practice at the time this Agreement is entered
                     into, or utilizing barge service at the Port of Oswego;

               (ii)  to the Purchaser's facilities at the Logan Aluminum Plant,
                     Russelville, Kentucky, are made by either rail or truck, at
                     the Supplier's option; and

               (iii) to the Purchaser's other Delivery Sites, by means of
                     transport at the option of the Supplier.

2.6  PRICE

     (a)  The price payable by the Purchaser to the Supplier for each Tonne of
          Aluminum sold and purchased pursuant to Sections 2.1 and 2.2 shall be
          the Aluminum Price. The date used for calculating the Aluminum Price
          for any shipment of Aluminum shall be the Bill of Lading Date.

     (b)  In the event that (i) the LME ceases or suspends trading in Aluminum,
          (ii) Metal Week ceases to be published or ceases to publish the
          relevant reference price for determining the Aluminum Price, or (iii)
          Metal Bulletin ceases to be published or ceases publication of the
          relevant reference price for determining the Three Month LME Price,
          the Parties shall meet with a view to agreeing on an alternative
          publication or, as applicable, an alternative reference price. If the
          Parties fail to reach an agreement within sixty (60) days of any Party
          having notified the other to enter into discussions to agree to an
          alternative publication or reference price, then the Chairman of the
          LME in London, England or his nominee shall be requested to select a
          suitable reference in lieu thereof and an appropriate amendment to the
          terms of this Section 2.6. The decision of the Chairman or his nominee
          shall be final and binding on the Parties.

2.7  QUALITY

     (a)  Aluminum supplied under this Agreement shall comply with the
          Specifications set forth in SCHEDULE 2. The Supplier shall use
          Commercially Reasonable Efforts to notify the Purchaser prior to
          shipment of any Aluminum that does not meet Specifications. The
          Purchaser shall not be required to accept delivery of any Aluminum
          that does not meet Specifications. If the Purchaser does not accept
          delivery of Aluminum not meeting Specifications, the Supplier's
          obligation shall be limited to the assumption of all costs for return
          of such Aluminum to the Supplier, and for the delivery of replacement
          Aluminum to the Purchaser. All other express or implied warranties,
          conditions and other terms relating to Aluminum hereunder,

                                      -8-
<PAGE>

          including warranties relating to merchantability or fitness for a
          particular purpose, are hereby excluded to the fullest extent
          permitted by Applicable Law.

     (b)  If the Specifications for Aluminum supplied by the Supplier change,
          the Supplier may propose that the Specifications set forth in SCHEDULE
          2 be amended to reflect such changes, and SCHEDULE 2 shall be amended
          with the agreement of both Parties. If the revised Specifications do
          not result in increased costs for the processing of such Aluminum by
          the Purchaser, the Purchaser shall not withhold or delay its consent
          to such proposed amendment to the specifications.

     (c)  The Purchaser and the Supplier shall comply with their obligations set
          forth in SCHEDULE 2.

2.8  PAYMENT

     (a)  The Purchaser shall pay the Supplier in full for each shipment of
          Aluminum meeting the Specifications set out in SCHEDULE 2 or otherwise
          accepted by the Purchaser in accordance with the Supplier's commercial
          invoice within thirty (30) days of the Bill of Lading Date.

     (b)  If the Purchaser believes that a shipment of Aluminum does not meet
          the Specifications set out in SCHEDULE 2 and has rejected such
          shipment in a timely manner in accordance with the terms hereof, it
          need not pay the invoice. However, if the Purchaser subsequently
          accepts that the Aluminum complies with the Specifications set out in
          SCHEDULE 2, the Purchaser shall pay the invoice and, if payment is
          overdue pursuant to Section 2.8(a), interest in accordance with
          Section 2.8(c).

     (c)  If any payment required to be made pursuant to Section 2.8 (a) above
          is overdue, the full amount shall bear interest at a rate per annum
          equal to the Default Interest Rate calculated on the actual number of
          days elapsed, accrued from and excluding the date on which such
          payment was due, up to and including the actual date of receipt of
          payment in the nominated bank or banking account.

     (d)  All amounts paid to the Supplier or the Purchaser hereunder shall be
          paid in Dollars by wire transfer in immediately available funds to the
          account specified by the Supplier or Purchaser, as applicable, by
          notice from time to time by one Party to the other hereunder.

     (e)  If any Party fails to purchase or supply, as applicable, any quantity
          of Aluminum in any month as required under the terms of this
          Agreement, such Party shall be liable to the other Party for all
          direct damages, losses and costs resulting from such failure, provided
          that such other Party shall use its Commercially Reasonable Efforts to
          mitigate such damages, losses and costs.

                                      -9-
<PAGE>

2.9  DELIVERY

     Aluminum shall be delivered CPT the applicable Delivery Site. The delivery
     of Aluminum pursuant to this Section 2.9 shall be governed by Incoterms
     2000, as amended from time to time.

2.10 TITLE AND RISK OF LOSS

     Title to and risk of damage to and loss of Aluminum shall pass to the
     Purchaser as the Aluminum is delivered by the Supplier to the carrier.

2.11 PURCHASER AS PRINCIPAL

     The Purchaser warrants that all Aluminum to be purchased hereunder shall be
     purchased for Purchaser's own consumption. The Purchaser agrees that it
     shall not re-sell or otherwise make available to any Person any Aluminum
     purchased from the Supplier hereunder, other than in respect of
     transactions undertaken in small quantities by the Purchaser to balance
     purchases or Purchaser's metal position.

3.   FORCE MAJEURE

3.1  EFFECT OF FORCE MAJEURE

     No Party shall be liable for any loss or damage that arises directly or
     indirectly through or as a result of any delay in the fulfilment of or
     failure to fulfil its obligations in whole or in part (other than the
     payment of money as may be owed by a Party) under this Agreement where the
     delay or failure is due to Force Majeure. The obligations of the Party
     affected by the event of Force Majeure (the "AFFECTED PARTY") shall be
     suspended, to the extent that those obligations are affected by the event
     of Force Majeure, from the date the Affected Party first gives notice in
     respect of that event of Force Majeure until cessation of that event of
     Force Majeure (or the consequences thereof).

3.2  DEFINITION

     "FORCE MAJEURE" shall mean any act, occurrence or omission (or other
     event), subsequent to the commencement of the Term hereof, which is beyond
     the reasonable control of the Affected Party including, but not limited to:
     fires, explosions, accidents, strikes, lockouts or labour disturbances,
     floods, droughts, earthquakes, epidemics, seizures of cargo, wars (whether
     or not declared), civil commotion, acts of God or the public enemy, action
     of any government, legislature, court or other Governmental Authority,
     action by any authority, representative or organisation exercising or
     claiming to exercise powers of a government or Governmental Authority,
     compliance with Applicable Law, blockades, power failures or curtailments,
     inadequacy or shortages or curtailments or cessation of supplies of raw
     materials or other supplies, failure or breakdown of equipment of
     facilities, the invocation of Force Majeure by any party to an agreement
     under which any Party's operations are affected, and any declaration of
     Force Majeure by the facility producing the Aluminum, or

                                      -10-
<PAGE>

     any other event beyond the reasonable control of the Parties whether or not
     similar to the events or occurrences enumerated above. In no circumstances
     shall problems with making payments constitute Force Majeure.

3.3  NOTICE

     Upon the occurrence of an event of Force Majeure, the Affected Party shall
     promptly give notice to the other Party hereto setting forth the details of
     the event of Force Majeure and an estimate of the likely duration of the
     Affected Party's inability to fulfil its obligations under this Agreement.
     The Affected Party shall use Commercially Reasonable Efforts to remove the
     said cause or causes and to resume, with the shortest possible delay,
     compliance with its obligations under this Agreement provided that the
     Affected Party shall not be required to settle any strike, lockout or
     labour dispute on terms not acceptable to it. When the said cause or causes
     have ceased to exist, the Affected Party shall promptly give notice to the
     other Party that such cause or causes have ceased to exist.

3.4  PRO RATA ALLOCATION

     If the Supplier's supply of any Aluminum to be delivered to the Purchaser
     is stopped or disrupted by an event of Force Majeure, the Supplier shall
     have the right to allocate its available supplies of such Aluminum, if any,
     among any or all of its existing customers whether or not under contract,
     in a fair and equitable manner. In addition, where the Supplier is the
     Affected Party, it may (but shall not be required to) offer to supply, from
     another source, Aluminum of similar quality in substitution for the
     Aluminum subject to the event of Force Majeure to satisfy that amount which
     would have otherwise been sold and purchased hereunder at a price which may
     be more or less than the price hereunder.

3.5  CONSULTATION

     Within thirty (30) days of the cessation of the event of Force Majeure, the
     Parties shall consult with a view to reaching agreement as to the
     Supplier's obligation to provide, and the Purchaser's obligation to take
     delivery of, that quantity of Aluminum that could not be sold and purchased
     hereunder because of the event of Force Majeure, provided that any such
     shortfall quantity has not been replaced by substitute Aluminum pursuant to
     the terms above.

     In the absence of any agreement by the Parties, failure to deliver or
     accept delivery of Aluminum which is excused by or results from the
     operation of the foregoing provisions of this Section 3 shall not extend
     the Term of this Agreement and the quantities of Aluminum to be sold and
     purchased under this Agreement shall be reduced by the quantities affected
     by such failure.

3.6  TERMINATION

     (a)  If an event of Force Majeure where the Affected Party is the Purchaser
          shall continue for more than *** consecutive calendar months, then the
          Supplier shall have the right to terminate this Agreement.

*** Certain information on this page has been omitted and filed separately with
the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions.

                                      -11-
<PAGE>

     (b)  If an event of Force Majeure where the Affected Party is the Supplier
          shall continue for more than *** consecutive calendar months, then
          the Purchaser shall have the right to terminate this Agreement.

4.   ASSIGNMENT

4.1  PROHIBITION ON ASSIGNMENTS

     No Party shall assign or transfer this Agreement, in whole or in part, or
     any interest or obligation arising under this Agreement, except as
     permitted by Section 4.2, without the prior written consent of the other
     Party.

4.2  ASSIGNMENT WITHIN ALCAN GROUP OR NOVELIS GROUP

     (a)  With the consent of Novelis, such consent not to be unreasonably
          withheld or delayed, Alcan may elect to have one or more of the
          Persons comprising the Alcan Group assume the rights and obligations
          of the Supplier under this Agreement, provided that

          (i)  Alcan shall remain fully liable for all obligations of the
               Supplier hereunder, and

          (ii) the transferee will remain at all times a member of the Alcan
               Group;

          any such successor to Alcan as a Supplier under this Agreement shall
          be deemed to be the "SUPPLIER" for all purposes of the Agreement.

     (b)  With the consent of Alcan, such consent not to be unreasonably
          withheld or delayed, Novelis may elect to have one or more of the
          Persons comprising the Novelis Group assume the rights and obligations
          of the Purchaser under this Agreement, provided that

          (i)  Novelis shall remain fully liable for all obligations of the
               Purchaser hereunder, and

          (ii) the transferee will remain at all times a member of the Novelis
               Group;

          any such successor to Novelis as Purchaser under this Agreement shall
          be deemed to be the "PURCHASER" for all purposes of this Agreement.

5.   TERM AND TERMINATION

5.1  EFFECTIVENESS

     This Agreement shall come into effect upon the Effective Date.

*** Certain information on this page has been omitted and filed separately with
the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions.

                                      -12-
<PAGE>

5.2  TERM

     The term of this Agreement (the "TERM") shall be from the Effective Date
     until ***, unless terminated earlier or extended pursuant
     to the provisions of this Agreement.

5.3  EXTENSION

     One year prior to the expiration of the Term, the Parties may, upon the
     request of any Party, meet to negotiate in good faith a possible extension
     of the Term for a further period on terms to be mutually agreed. If no such
     Agreement is reached between the Parties, the Agreement shall terminate
     upon expiry of the Term.

5.4  TERMINATION

     This Agreement shall terminate:

     (a)  upon expiry of the Term;

     (b)  upon the mutual agreement of the Parties prior to the expiry of the
          Term;

     (c)  pursuant to Section 3.6 as a result of Force Majeure; or

     (d)  upon the occurrence of an Event of Default, in accordance with Section
          6.

6.   EVENTS OF DEFAULT

     This Agreement may be terminated in its entirety immediately at the option
     of a Party (the "TERMINATING PARTY"), in the event that an Event of Default
     occurs in relation to the other Party (the "DEFAULTING PARTY"), and such
     termination shall take effect immediately upon the Terminating Party
     providing notice to the Defaulting Party of the termination.

     For the purposes of this Agreement, each of the following shall
     individually and collectively constitute an "EVENT OF DEFAULT" with respect
     to a Party:

     (a)  such Party defaults in payment of any payments which are due and
          payable by it pursuant to this Agreement, and such default is not
          cured within thirty (30) days following receipt by the Defaulting
          Party of notice of such default;

     (b)  such Party breaches any of its material obligations pursuant to this
          Agreement (other than as set out in paragraph (a) above), and fails to
          cure it within sixty (60) days after receipt of notice from the
          non-defaulting Party specifying the default with reasonable detail and
          demanding that it be cured, provided that if such breach is not
          capable of being cured within sixty (60) days after receipt of such
          notice and the Party in default has diligently pursued efforts to cure
          the default within the sixty (60) day period, no Event of Default
          under this paragraph (b) shall occur;

*** Certain information on this page has been omitted and filed separately with
    the Securities and Exchange Commission. Confidential treatment has been
    requested with respect to the omitted portions.

                                      -13-
<PAGE>

     (c)  such Party breaches any material representation or warranty, or fails
          to perform or comply with any material covenant, provision,
          undertaking or obligation in or of the Separation Agreement;

     (d)  in relation to the Purchaser (1) upon the occurrence of a Non Compete
          Breach (as defined in the Separation Agreement) and the giving of
          notice of the termination of this Agreement by Alcan to Novelis
          pursuant to Section 14.03(b) of the Separation Agreement and pursuant
          to this paragraph of this Agreement, or (2) upon the occurrence of a
          Change of Control Non Compete Breach (as defined in the Separation
          Agreement) and the giving of notice of the termination of this
          Agreement by Alcan to Novelis pursuant to Section 14.04(e) of the
          Separation Agreement, in which event the termination of this Agreement
          shall be effective immediately upon Alcan providing Novelis notice
          pursuant to Section 14.03(b) or Section 14.04(e) of the Separation
          Agreement;

     (e)  such Party (i) is bankrupt or insolvent or takes the benefit of any
          statute in force for bankrupt or insolvent debtors, or (ii) files a
          proposal or takes any action or proceeding before any court of
          competent jurisdiction for dissolution, winding-up or liquidation, or
          for the liquidation of its assets, or a receiver is appointed in
          respect of its assets, which order, filing or appointment is not
          rescinded within sixty (60) days; or

     (f)  proceedings are commenced by or against such Party under the laws of
          any jurisdiction relating to reorganization, arrangement or
          compromise.

7.   REPRESENTATIONS AND WARRANTIES

     The Parties hereby reiterate for the purposes of this Agreement those
     representations and warranties set forth in Article VI of the Separation
     Agreement.

8.   CONFIDENTIALITY

     Each of the Parties shall at all times be in full compliance with its
     obligations under Sections 11.07 and 11.08 (Confidentiality) of the
     Separation Agreement.

9.   DISPUTE RESOLUTION

9.1  DISPUTES

     The Master Agreement with respect to Dispute Resolution, effective on the
     Effective Date, among the Parties and other parties thereto shall govern
     all disputes, controversies or claims (whether arising in contract, delict,
     tort or otherwise) ("DISPUTES") between the Parties that may arise out of,
     or relate to, or arise under or in connection with, this Agreement or the
     transactions contemplated hereby (including all actions taken in

                                      -14-
<PAGE>

     furtherance of the transactions contemplated hereby), or the commercial or
     economic relationship of the Parties relating hereto or thereto.

9.2  CONTINUING OBLIGATIONS

     The existence of a Dispute with respect to this Agreement between the
     Parties shall not relieve either Party from performance of its obligations
     under this Agreement that are not the subject of such Dispute.

10.  MISCELLANEOUS

10.1 CONSTRUCTION

     The terms of Section 16.04 (Construction) of the Separation Agreement shall
     apply to this Agreement, mutatis mutandis, as if all references therein to
     the "Agreement" were deemed to be references to this Agreement.

10.2 PAYMENT TERMS

     Any amount to be paid or reimbursed by one Party to the other under this
     Agreement, save as expressly provided in Section 2, shall be paid or
     reimbursed hereunder within thirty (30) days after presentation of an
     invoice or a written demand therefore and setting forth, or accompanied by,
     reasonable documentation or reasonable explanation supporting such amount.

10.3 NOTICES

     All notices and other communications under this Agreement shall be in
     writing and shall be deemed to be duly given (a) on the date of delivery,
     if delivered personally, (b) on the first Business Day following the date
     of dispatch if delivered by a nationally recognized next-day courier
     service, (c) on the date of actual receipt if delivered by registered or
     certified mail, return receipt requested, postage prepaid or (d) if sent by
     facsimile transmission, when transmitted and receipt is confirmed by
     telephone. All notices hereunder shall be delivered as follows:

                                      -15-
<PAGE>

       IF TO THE PURCHASER, TO:

       NOVELIS INC.
       Suite 3800
       Royal Bank Plaza, South Tower
       P.O. Box 84
       200 Bay Street
       Toronto, Ontario
       M5J 2Z4

       Fax: 416-216-3930

       Attention: Chief Executive Officer

       IF TO THE SUPPLIER, TO:

       ALCAN INC.
       1188 Sherbrooke Street West
       Montreal, Quebec
       H3A 3G2

       Fax: 514-848-8115

       Attention: Chief Legal Officer

       Any Party may, by notice to the other Party, change the address or fax
       number to which such notices are to be given.

10.4   GOVERNING LAW

       This Agreement shall be governed by and construed and interpreted in
       accordance with the laws of the Province of Quebec and the laws of Canada
       applicable therein, irrespective of conflict of laws principles under
       Quebec law, as to all matters, including matters of validity,
       construction, effect, enforceability, performance and remedies.

10.5   JUDGMENT CURRENCY

       The obligations of a Party to make payments hereunder shall not be
       discharged by an amount paid in any currency other than Dollars, whether
       pursuant to a court judgment or arbitral award or otherwise, to the
       extent that the amount so paid upon conversion to Dollars and transferred
       to an account indicated by the Party to receive such funds under normal
       banking procedures does not yield the amount of Dollars due, and each
       Party hereby, as a separate obligation and notwithstanding any such
       judgment or award, agrees to indemnify the other Party against, and to
       pay to such Party on demand, in Dollars, any difference between the sum
       originally due in Dollars and the amount of Dollars received upon any
       such conversion and transfer.

                                      -16-
<PAGE>

10.6   ENTIRE AGREEMENT

       This Agreement, the Separation Agreement and schedules, exhibits, annexes
       and appendices hereto and thereto and the specific agreements
       contemplated herein or thereby contain the entire agreement between the
       Parties with respect to the subject matter hereof and supersede all
       previous agreements, negotiations, discussions, writings, understandings,
       commitments and conversations with respect to such subject matter. No
       agreements or understandings exist between the Parties with respect to
       the subject matter hereof other than those set forth or referred to
       herein or therein.

10.7   CONFLICTS

       In case of any conflict or inconsistency between this Agreement and the
       Separation Agreement, this Agreement shall prevail.

10.8   SEVERABILITY

       If any provision of this Agreement or the application thereof to any
       Person or circumstance is determined by a court of competent jurisdiction
       to be invalid, void or unenforceable, the remaining provisions hereof, or
       the application of such provision to Persons or circumstances or in
       jurisdictions other than those as to which it has been held invalid or
       unenforceable, shall remain in full force and effect and shall in no way
       be affected, impaired or invalidated thereby, so long as the economic or
       legal substance of the transactions contemplated hereby is not affected
       in any manner adverse to any Party. Upon such determination, the Parties
       shall negotiate in good faith in an effort to agree upon such a suitable
       and equitable provision to effect the original intent of the Parties.

10.9   SURVIVAL

       The obligations of the Parties under Sections 2.6, 2.7, 2.8, 8, 9, 10.4
       and 10.9 and liability for the breach of any obligation contained herein
       shall survive the expiration or earlier termination of this Agreement.

10.10  EXECUTION IN COUNTERPARTS

       This Agreement may be executed in one or more counterparts, all of which
       shall be considered one and the same agreement, and shall become
       effective when one or more counterparts have been signed by each of the
       Parties and delivered to the other Party.

10.11  AMENDMENTS

       No provisions of this Agreement shall be deemed waived, amended,
       supplemented or modified by any Party, unless such waiver, amendment,
       supplement or modification is in writing and signed by the authorized
       representative of the Party against whom it is sought to enforce such
       waiver, amendment, supplement or modification.

                                      -17-
<PAGE>

10.12  WAIVERS

       No failure on the part of a Party to exercise and no delay in exercising,
       and no course of dealing with respect to, any right, power or privilege
       under this Agreement shall operate as a waiver thereof, nor shall any
       single or partial exercise of any right, power or privilege under this
       Agreement preclude any other or further exercise thereof or the exercise
       of any other right, power or privilege. The remedies provided herein are
       cumulative and not exclusive of any remedies provided by Applicable Law.

10.13  NO PARTNERSHIP

       Nothing contained herein or in the Agreement shall make a Party a partner
       of any other Party and no Party shall hold out the other as such.

10.14  TAXES, ROYALTIES AND DUTIES

       All royalties, taxes and duties imposed or levied on any Aluminum
       delivered hereunder (other than any taxes on the income of the Supplier)
       shall be for the account of and paid by the Purchaser.

10.15  LIMITATIONS OF LIABILITY

       (a)    Neither Party shall be liable to the other Party for any indirect,
              collateral, incidental, special, consequential or punitive
              damages, lost profit or failure to realize expected savings or
              other commercial or economic loss of any kind, howsoever caused,
              and on any theory of liability (including negligence) arising in
              any way out of this Agreement; provided, however, that the
              foregoing limitations shall not limit any Parties' indemnification
              obligations for Liabilities with respect to Third Party Claims as
              set forth Article IX of the Separation Agreement (as if such
              Article IX was set out in full herein by reference to the
              obligations of the Parties hereunder).

       (b)    Sections 9.04, 9.05, 9.06, 9.07 and 9.09 of the Separation
              Agreement shall apply mutatis mutandis with respect to any
              Liability subject to any indemnification or reimbursement pursuant
              to this Agreement.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK.]

                                      -18-
<PAGE>

IN WITNESS WHEREOF, the Parties hereto have caused this Metal Supply Agreement
to be executed by their duly authorized representatives.

                                        NOVELIS INC.

                                        By:   _______________________________
                                              Name:
                                              Title:

                                        By:   _______________________________
                                              Name:
                                              Title:

                                        ALCAN INC.

                                        By:   _______________________________
                                              Name:
                                              Title:

                                        By:   _______________________________
                                              Name:
                                              Title:

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