Document:

exv10w5

Exhibit 10.5

PERFORMANCE UNIT AWARD AGREEMENT

THIS AGREEMENT CONSTITUTES PART OF THE PROSPECTUS COVERING SECURITIES REGISTERED UNDER THE
SECURITIES ACT OF 1933.

     THIS
PERFORMANCE UNIT AWARD AGREEMENT (hereinafter, the “Agreement”) made as of the ___ day of
_________, ___, between Goodrich Corporation, a New York corporation (the “Company”), and
_________ (the “Employee”). For purposes of this Agreement, all capitalized terms not
defined herein shall have the meanings ascribed thereto under the terms of the Goodrich Corporation
2001 Equity Compensation Plan (as amended, the “Plan”), unless otherwise noted.

     WHEREAS, the Employee is employed by the Company or its subsidiaries; and

     WHEREAS, the Company wishes to grant to the Employee an award of performance units under the
Plan, subject to the conditions and restrictions set forth in the Plan and this Agreement.

     NOW THEREFORE, in consideration of the mutual covenants contained in this agreement, the
Company and the Employee agree as follows:

	1.	 	Grant of Units. The Company hereby grants to the Employee ___performance units
(the “Units”). If the Company declares a dividend payment on the Company’s common stock, par
value $5.00 per share (“Common Stock”) during the Term, as defined below, then the number of
Units covered by this Agreement shall be increased as of the dividend payment date by the
number of shares, if any, of the Common Stock that could be purchased on such date by such
dividend payment. For purposes of determining the number of shares of the Common Stock that
could be purchased by such dividend payment as of the dividend payment date, the fair market
value of the Common Stock, as calculated pursuant to Section 15 of the Plan, as of such date
shall be used.
	 
	2.	 	Term of Units. The term of the Units (the “Term”) will begin on the first business
day of 2010 and will end on December 31, 2012.
	 
	3.	 	Unit Value Measurement. Except as otherwise provided in section 7 below, the
aggregate value of the Participant’s Units (the “Benefit Amount”) shall be determined as of
the last day of the Term, and shall be equal to the product of the number of Units then
covered under this Agreement and the fair market value of one share of the Common Stock, as
calculated pursuant to Section 15 of the Plan, as of the last day of the Term.
	 
	4.	 	Earned Percentage. Except as otherwise provided in Section 6 and Section 7 below,
the Employee shall be entitled to a benefit payment under this Agreement equal to the
specified percentage (the “Earned Percentage”) of the Benefit Amount. The Earned Percentage
of an amount equal to one-half of the Units covered by this Agreement (the “ROIC Units”) shall
be determined in accordance with the provisions of subsection (a) of

 

 

this Section 4, and the Earned Percentage of an amount equal to the other one-half of the
Units covered by this Agreement (the “RTSR Units”) shall be determined in accordance with
the provisions of subsection (b) of this Section 4.

     (a) Return on Invested Capital. The Earned Percentage of the ROIC Units shall
be determined by reference to the Return on Invested Capital (as defined below) and will be
calculated in accordance with the following schedule:

	 	 	 	 	 
			Return On Invested		
	2009-2011 Goals	 	Capital	 	Earned Percentage
	Threshold
	 	TBD
	 	0 %
	Target
	 	TBD
	 	100 %
	Maximum
	 	TBD
	 	200 %

With respect to levels of the Company’s Return on Invested Capital that fall between the
threshold, target, and maximum levels specified above, the Earned Percentage of the ROIC
Units will be interpolated on a straight line basis. For purposes of this Agreement, the
term “Return on Invested Capital” means “Earnings Before Interest and Taxes (“EBIT”) after
tax” excluding Special Items (as defined below) divided by average invested capital
(determined at the total Company level, including all subsidiaries). EBIT shall be equal to
the EBIT amount used for the Goodrich Corporation Management Incentive Program and the
Goodrich Corporation Senior Executive Management Incentive Plan calculations. The tax rate
applied each year to EBIT shall be the Company’s effective tax rate for such year, except
when management determines that certain discrete items should be excluded from the tax rate.
In those instances, the effective tax rate shall be the Company’s effective tax rate
excluding the impact of the discrete items. Invested capital is defined as the sum of:
accounts receivable (excluding accounts receivable securitization); inventory (net);
deferred tax assets (current and noncurrent); goodwill; other intangible assets (net of
accumulated amortization); property, plant & equipment (net of accumulated depreciation);
other current assets (including prepaids); and other noncurrent assets minus the sum
of: accounts payable; accrued expenses; other current liabilities; taxes payable; deferred
tax liabilities (current and noncurrent); other noncurrent liabilities; and the cumulative
translation account. Special Items include all items deemed by management to have occurred
during the Term that are not representative of the true underlying results of the Term.
Examples of Special Items include, but are not limited to, significant tax
litigation/settlements; debt issuance/exchange costs; and gains and losses from the sale of
a business. In all cases, the exclusion of Special Items will be subject to the approval of
the Compensation Committee.

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     (b) Relative Total Shareholder Return. The Earned Percentage of the RTSR Units
shall be determined by reference to the Relative Total Shareholder Return (as defined below)
and will be calculated in accordance with the following schedule:

	 	 	 
	Relative Total Shareholder Return	 	
	Percentile	 	Earned Percentage
	25th or Less
	 	0 %
	50th
	 	100 %
	95th or Higher
	 	200 %

With respect to levels of Relative Total Shareholder Return that fall within the percentiles
specified above, the Earned Percentage of the RTSR Units will be interpolated on a straight
line basis. For purposes of this Agreement, the term “Relative Total Shareholder Return”
means the percentage calculated using the Total Shareholder Return (“TSR”) for Common Stock
for each year of the Term (using the dividend reinvestment approach to calculating
shareholder return) divided by the Total Shareholder Return for the Aerospace Peer Group (as
defined below) (using the dividend reinvestment approach to calculating shareholder return).
TSR is calculated for each year of the Term and then used to calculate TSR for the Term as
follows: (1+TSR1)(1+TSR2)(1+TSR3) 1/3. The TSR
for Goodrich is then divided by the TSR for the Aerospace Peer Group, the product of which
will be the Relative Total Stock Value for the Term. The overall performance of the
Aerospace Peer Group is then analyzed to identify the 25th, 50th and
75th percentile performance. The Earned Percentage of RTSR Units will be
determined based on the Company’s Relative Total Stock Value and its placement between the
three identified performance points.

     (c) Aerospace Peer Group. The Aerospace Peer Group is a group of aerospace
companies selected, from time to time, by the Company’s Compensation Committee. The
Aerospace Peer Group must be set by the Compensation Committee within 90 days of the
beginning of a Term. If during the Term there is any change in the corporate capitalization
of any aerospace company in the Aerospace Peer Group, such as a stock split, a corporate
transaction (any merger, consolidation, separation including a spin-off or other
distribution of stock or property of such aerospace company, or reorganization (whether or
not such reorganization comes within the definition of such term in Section 368 of the
Internal Revenue Code)) or any partial or complete liquidation of any such aerospace
company, the Compensation Committee, to the extent it deems it necessary and/or appropriate,
in its sole discretion, shall take such change into account in determining the TSR of such
aerospace company in the Aerospace Peer Group for purposes of subsection (b) of Section 4
(including, without limitation, by making such determination as if the change had not
occurred or by eliminating such aerospace company from the Aerospace Peer Group for the
Term).

     (d) Responsibility for Calculations. All calculations of (i) the Company’s
Return on Invested Capital and Relative Total Shareholder Return and (ii) the Earned
Percentages of the ROIC Units and the RTSR Units shall be determined by the Committee in
the exercise of its sole discretion, and any such calculations shall be final.

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	5.	 	Benefit Payment. The benefit payment due to the Employee under this Agreement
shall be paid to the Employee (or, if the Employee is deceased, the Employee’s beneficiary, as
defined in Section 8) in a lump sum cash payment, subject to the provisions of Section 9
below. Except as otherwise provided in Section 7 below, such payment shall be paid by the
Company as soon as practicable after the last date of the Term but, in any event, on or before
March 15 of the calendar year immediately following the end of the Term.

	6.	 	Termination of Employment

     (a) Retirement, Death or Disability. If the Employee’s employment with the
Company (which, for purposes of this Section 6, includes any subsidiary of the Company)
terminates due to retirement, death or permanent and total disability, then the amount of
benefit otherwise payable to the Employee (or, if the Employee is deceased, the Employee’s
beneficiary, as defined in Section 8) hereunder shall be reduced by multiplying such amount
by a fraction, the numerator of which shall be the number of months (rounded upward to the
nearest month) of employment that the Employee has completed with the Company during the
Term and the denominator shall be 36. For the purpose of this Section 6(a), the Employee
shall be treated as having retired if the Employee terminates employment with the Company at
any time after the Employee is eligible for early retirement as provided under the terms of
the Goodrich Corporation Employees’ Pension Plan (or would be eligible for early retirement
under such plan if the Employee was a participant in such plan or as provided in a
subsidiary company’s salaried pension plan in the event the Employee’s pension benefits are
received solely from the subsidiary’s plan) in effect at the time of such termination.

     (b) Other Termination of Employment. Except as provided in Section 7 below, if
the Employee’s employment is terminated prior to the last day of the Term for any reason
other than retirement, death or permanent and total disability, then the Employee will not
be entitled to the payment of any benefit under this Agreement.

     (c) Cause. Notwithstanding any provisions of this Agreement to the contrary,
if the Employee’s employment with the Company or any of its subsidiaries is terminated for
“cause,” as defined in this Section 6(c), the Committee may, in its sole discretion,
immediately cancel the Units granted under this Agreement. For the purpose of this
Agreement, other than for the purpose of Section 7, “cause” shall mean a termination of
employment by the Company due to (i) the violation by the Employee of any rule, regulation,
or policy of the Company, including the Company’s Business Code of Conduct; (ii) the failure
by the Employee to meet any requirement reasonably imposed upon such employee by the Company
as a condition of continued employment; (iii) the violation by the Employee of any federal,
state or local law or regulation; (iv) the commission by the Employee of an act of fraud,
theft, misappropriation of funds, dishonesty, bad faith or disloyalty; (v) the failure by
the Employee to perform consistently the duties of the position held by such Employee in a
manner which satisfies

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the expectations of the Company after such Employee has been provided written notice of
performance deficiencies and a reasonable opportunity to correct those deficiencies; or (vi)
the dereliction or neglect by the Employee in the performance of such Employee’s job duties.

	7.	 	Change in Control.

     (a) Change in Control Payment. Anything to the contrary notwithstanding, in
the event a Change in Control, as that term is defined in the Plan, of the Company shall
occur, then a benefit payment (the “CIC Payment”) shall be made to the Employee in a lump
sum within five business days following the occurrence of the Change in Control, provided
that if such 5-day period begins in one calendar year and ends in another, the Employee
shall have no right to designate the calendar year of payment. The CIC Payment shall be
equal to the product of the number of Units then covered under this Agreement and the
greatest of (i) the product of an Earned Percentage of 100% (Target) and the fair market
value of one share of the Common Stock, as calculated pursuant to Section 15 of the Plan, as
of the date of the Change in Control or (ii) the quotient of the Benefit Amount most
recently paid to the Employee pursuant to a Performance Unit Award Agreement between the
Company and the Employee (the “Recent PUP Award”) and the number of Units granted to the
Employee under the Recent PUP Award. The amount of such CIC Payment shall be reduced by
multiplying such amount by a fraction, the numerator of which shall be the number of months
(rounded upward to the nearest month) of employment that the Employee has completed with the
Company during the Term up to the date of the Change in Control and the denominator shall be
36.

     (b) Termination of Employment Payment. If the Employee’s employment with the
Company terminates, other than for “cause” as defined in this Section 7(b), during the Term
subsequent to a Change in Control (and within the one-year period following the Change in
Control), then an additional benefit payment (the “Termination Payment”) shall be made to
the Employee within five business days following the termination of employment. The
Termination Payment shall be equal to (i) the unreduced CIC Payment as calculated in Section
7(a) (disregarding for this purpose the last sentence of Section 7(a)) minus (ii) the CIC
Payment actually made or to be made to the Employee as provided in Section 7(a). For the
purpose of Section 7, “cause” shall mean a termination of employment by the Company due to
(i) the willful and continued failure by the Employee to substantially perform the
Employee’s duties with the Company, which failure causes material and demonstrable injury to
the Company (other than any such failure resulting from the Employee’s incapacity due to
physical or mental illness), after a demand for substantial performance is delivered to the
Employee which specifically identifies the manner in which the Employee has not
substantially performed the Employee’s duties, and after the Employee has been given a
period of at least thirty (30) days to correct the Employee’s performance, or (ii) the
willful engaging by the Employee in other gross misconduct materially and demonstrably
injurious to the Company. For purposes of the foregoing definition of “cause,” no act, or
failure to act, on the Employee’s part shall be considered “willful” unless conclusively
demonstrated to

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have been done, or omitted to be done, by the Employee not in good faith and without
reasonable belief that the Employee’s action or omission was in the best interests of the
Company.

     (c) Other. Notwithstanding the foregoing, in no event shall the Employee be
required to refund to the Company, or have offset against any other payment due the Employee
from or on behalf of the Company, all or any portion of a CIC Payment or Termination
Payment.

	8.	 	Assignability/Beneficiary. The rights of the Employee contingent or otherwise in the
Units cannot and shall not be sold, assigned, pledged or otherwise transferred or encumbered
other than by will or by the laws of descent and distribution. The Employee may designate a
beneficiary or beneficiaries to receive any payments that are due under Section 5 following
the Employee’s death. To be effective, such designation must be made in accordance with such
rules and on such form as prescribed by the Company’s corporate compensation group for such
purpose the completed form must be received by the Company’s corporate compensation group or
its designee before the Employee’s death. If the Employee fails to designate a beneficiary,
or if no designated beneficiary survives the Employee’s death, the Employee’s estate shall be
deemed the Employee’s beneficiary.
	 
	9.	 	Tax Reporting and Withholding. At the time any payment to the Employee is made under
this Agreement, the aggregate amount of such payment shall be reduced by the amount of any
federal, state and local tax withholding requirements imposed on such payment. The Company
and its subsidiaries reserve the right to report such income in connection with payments under
this Agreement as they determine, in their sole discretion, to be appropriate under applicable
laws.
	 
	10.	 	Changes in Capital Structure. The number of Units covered under this Agreement will
be adjusted appropriately in the event of any stock split, stock dividend, combination of
shares, merger, consolidation, reorganization, or other change in the nature of the shares of
Common Stock of the Company in the same manner in which other outstanding shares of Common
Stock not subject to the Plan are adjusted; provided, that the number of Units subject to this
Agreement shall always be a whole number.
	 
	11.	 	Continued Employment. Nothing contained herein shall be construed as conferring upon
the Employee the right to continue in the employ of the Company or any of its subsidiaries as
an executive or in any other capacity.
	 
	12.	 	Parties to Agreement. This Agreement and the terms and conditions herein set forth
are subject in all respects to the terms and conditions of the Plan, which are controlling.
All decisions or interpretations of the Board and of the Committee referred to herein shall be
binding and conclusive upon the Employee or upon the Employee’s executors or administrators or
beneficiaries with respect to any question arising hereunder or under the

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	 	 	Plan. This Agreement will constitute an agreement between the Company and the Employee as
of the date first above written, which shall bind and inure to the benefit of their
respective executors, administrators, beneficiaries, successors and assigns.
	 
	13.	 	Modification. No change, termination, waiver or modification of this Agreement will
be valid unless in writing and signed by all of the parties to this Agreement.
	 
	14.	 	Consent to Jurisdiction. The Employee hereby consents to the jurisdiction of any
state or federal court located in the county in which the principal executive office of the
Company is then located for purposes of the enforcement of this Agreement and waives personal
service of any and all process upon the Employee. The Employee waives any objection to venue
of any action instituted under this Agreement.
	 
	15.	 	Notices. All notices, designations, consents, offers or any other communications
provided for in this Agreement must be given in writing, personally delivered, or by facsimile
transmission with an appropriate written confirmation of receipt, by nationally recognized
overnight courier or by U.S. mail. Notice to the Company is to be addressed to its then
principal office. Notice to the Employee or any transferee is to be addressed to his/her/its
respective address as it appears in the records of the Company, or to such other address as
may be designated by the receiving party by notice in writing to the Secretary of the Company.
	 
	16.	 	Further Assurances. At any time, and from time to time after executing this
Agreement, the Employee will execute such additional instruments and take such actions as may
be reasonably requested by the Company to confirm or perfect or otherwise to carry out the
intent and purpose of this Agreement.
	 
	17.	 	Provisions Severable. If any provision of this Agreement is invalid or
unenforceable, it shall not affect the other provisions, and this Agreement shall remain in
effect as though the invalid or unenforceable provisions were omitted. Upon a determination
that any term or other provision is invalid or unenforceable, the Company shall in good faith
modify this Agreement so as to effect the original intent of the parties as closely as
possible.
	 
	18.	 	Exemption From Liability. Neither the Company, any subsidiary, the Board, the
Committee, nor any of their delegates shall be held liable for any taxes, penalties, or other
monetary amounts owed by the Employee, his executors, administrators, or beneficiaries, or any
other person, as a result of the grant, modification, amendment, or exercise of an option, or
the adoption, modification, amendment, or administration of the Plan.
	 
	19.	 	Captions. Captions herein are for convenience of reference only and shall not be
considered in construing this Agreement.
	 
	20.	 	Entire Agreement. This Agreement represents the parties’ entire understanding and
agreement with respect to the issuance of the Units, and each of the parties acknowledges that
it has not made any, and makes no promises, representations or undertakings, other than those
expressly set forth or referred to therein.

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	21.	 	Governing Law. This Agreement is subject to the condition that this award will
conform with any applicable provisions of any State or Federal law or regulation in force
either at the time of grant. The Committee and the Board reserve the right pursuant to the
condition mentioned in this Section 21 to terminate all or a portion of this Agreement if in
the opinion of the Committee and Board, this Agreement does not conform with any such
applicable State or Federal law or regulation and such nonconformance shall cause material
harm to the Company.
	 
	 	 	This Agreement shall be construed in accordance with and governed by the laws of the State
of New York, without regard to conflicts of laws principles thereof.

	22.	 	409A Compliance. Notwithstanding any provisions of the Plan or this Agreement to the
contrary and, to the extent applicable, the Plan and this Agreement shall be interpreted,
construed and administered (including with respect to any amendment, modification or
termination of the Plan or this Agreement) in such a manner so as to comply with the
provisions of Section 409A of the Code, as amended, and any related Internal Revenue Service
guidance promulgated thereunder. All payments to be made to the Employee upon a termination
of employment may only be made upon a “separation from service” (within the meaning of Section
409A of the Code (“Section 409A”)) of the Employee (“Separation from Service”). For purposes
of Section 409A, (i) each payment made under this Agreement shall be treated as a separate
payment; (ii) the Employee may not, directly or indirectly, designate the calendar year of
payment; and (iii) no acceleration of the time and form of payment of any nonqualified
deferred compensation to the Employee or any portion thereof, shall be permitted.
Notwithstanding anything contained in this Agreement to the contrary, if at the time of the
Employee’s Separation from Service, the Employee is a “specified employee” (within the meaning
of Section 409A and the Company’s specified employee identification policy) and if any payment
that constitutes nonqualified deferred compensation (within the meaning of Section 409A) is
deemed to be triggered by the Employee’s Separation from Service, then, to the extent one or
more exceptions to Section 409A are inapplicable (including, without limitation, the exception
under Treasury Regulation Section 1.409A-1(b)(9)(iii) relating to separation pay due to an
involuntary separation from service and its requirement that payments must be paid no later
than the last day of the second taxable year following the taxable year in which such an
employee incurs the involuntary separation from service), all payments that constitute
nonqualified deferred compensation (within the meaning of Section 409A) to the Employee shall
not be paid or provided to the Employee during the six-month period following the Employee’s
Separation from Service, and (i) such postponed payment shall be paid to the Employee in a
lump sum within thirty (30) days after the date that is six (6) months following the month of
the Employee’s Separation from Service (or, if earlier, the date of the Employee’s death); and
(ii) any amounts payable to the Employee after the expiration of such 6-month period shall
continue to be paid to the Employee in accordance with the terms of the Agreement.

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     IN WITNESS WHEREOF, the parties agree to the terms and conditions stated herein by signing and
returning to the Company the attached copy hereof.

	 	 	 	 	 
	 	GOODRICH CORPORATION

 	 
	 	By:  	 	 
	 	 	Vice President 	 
	 	 	 	 
	 

Accepted by:

__________________

Employee’s name

9exv4w1

Exhibit 4.1

SUPPLEMENTAL INDENTURE No. 5

dated as of December 9, 2009

among

CENTURY ALUMINUM COMPANY,

as Issuer,

THE GUARANTORS PARTY HERETO,

as Guarantors,

and

WILMINGTON TRUST COMPANY,

as Trustee

7 1/2% SENIOR NOTES DUE 2014

 

 

     THIS SUPPLEMENTAL INDENTURE No. 5 (this “Supplemental Indenture”), entered into as of December
9, 2009, among Century Aluminum Company, a Delaware corporation (the “Company”), the guarantors
party hereto and Wilmington Trust Company, as trustee (the “Trustee”).

RECITALS

     WHEREAS, the Company, the guarantors party thereto and the Trustee entered into the Indenture,
dated as of August 26, 2004, as amended by Supplemental Indenture No. 1, dated as of July 27, 2005,
among the Company, Century Aluminum of Kentucky LLC and the Trustee, Supplemental Indenture No. 2,
dated as of December 29, 2005, among the Company, NSA General Partnership and the Trustee,
Supplemental Indenture No. 3, dated as of December 21, 2006, among the Company, Century California
LLC and the Trustee and Supplemental Indenture No. 4, dated as of April 20, 2007, among the
Company, Century Aluminum Development LLC and the Trustee (as so amended, the “Original Indenture,”
and as amended and supplemented by this Supplemental Indenture, hereinafter called the
“Indenture”), relating to the Company’s 7 1/2% Senior Notes due 2014 (the “Securities”);

     WHEREAS, the Company desires to amend the Original Indenture to eliminate most restrictive
covenants and certain events of default in the Original Indenture (the “Amendments”);

     WHEREAS, the Company launched a consent solicitation to amend the terms of the Original
Indenture pursuant to an Offering Circular and Consent Solicitation Statement dated as of October
28, 2009, as supplemented on November 12, 2009, November 13, 2009 and December 3, 2009, and
received the requisite consents to enter into the Amendments;

     WHEREAS, Section 9.02 of the Original Indenture provides that the Company and the Trustee may
amend or supplement certain provisions of the Original Indenture or the Securities with the written
consent of the Holders of at least 50% in aggregate principal amount of the Securities then
outstanding and other provisions with the written consent of the Holders of at least 662/3% in
aggregate principal amount of the Securities then outstanding;

     WHEREAS,
the Holders of at least 66 2/3 % in aggregate principal amount of the Securities
outstanding have consented in writing to the amendment of the Original Indenture;

     WHEREAS, an Officers’ Certificate has been delivered to the Trustee under Sections 9.04 and
11.04(a) of the Original Indenture;

     WHEREAS, an Opinion of Counsel has been delivered to the Trustee under Sections 9.04 and
11.04(b) of the Original Indenture; and

     WHEREAS, pursuant to Sections 9.02 and 9.04 of the Original Indenture, the Trustee and the
Company are authorized to execute and deliver this Supplemental Indenture.

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AGREEMENT

     NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and
intending to be legally bound, the parties to this Supplemental Indenture, hereby agree as follows:

     1. Definitions. Capitalized terms used herein and not otherwise defined herein are
used as defined in the Indenture.

     2. Amendments. Effective as of the Amendment Effective Date, the Original Indenture
be, and hereby is, amended as follows:

     2.1 The following Sections of the Original Indenture shall be deleted and the corresponding
provisions in the Notes shall be deemed to be deleted in their entirety and replaced with the
phrase “Intentionally Omitted”:

	 	 	 
	Existing Section Number	 	Caption or Description
	Section 4.04 in its entirety

	 	Payment of Taxes and Other Claims
	 
	 	 
	Section 4.05 in its entirety

	 	Maintenance of Properties and Insurance
	 
	 	 
	Section 4.06 in its entirety

	 	Limitation on Debt and Disqualified or Preferred
Stock
	 
	 	 
	Section 4.07 in its entirety

	 	Limitation on Restricted Payments
	 
	 	 
	Section 4.08 in its entirety

	 	Limitation on Liens
	 
	 	 
	Section 4.09 in its entirety

	 	Limitation on Dividend and Other Payment
Restrictions Affecting Restricted Subsidiaries
	 
	 	 
	Section 4.10 in its entirety

	 	Limitation on Sale or Issuance of Equity
Interests of Restricted Subsidiaries
	 
	 	 
	Section 4.12 in its entirety

	 	Repurchase of Notes upon a Change of Control
	 
	 	 
	Section 4.13 in its entirety

	 	Limitation on Asset Sales
	 
	 	 
	Section 4.14 in its entirety

	 	Limitation on Transactions with Shareholders and
Affiliates
	 
	 	 
	Section 4.15 in its entirety

	 	Line of Business

 

 

	 	 	 
	Existing Section Number	 	Caption or Description
	Section 4.17(a)

	 	Financial Reports—Provision of Exchange Act
reports to Trustee
	 
	 	 
	Section 5.01 in its entirety

	 	Consolidation, Merger or Sale of Assets by the
Company; No Lease of All or Substantially All
Assets
	 
	 	 
	Section 5.02 in its entirety

	 	Consolidation, Merger or Sale of Assets by a
Guarantor
	 
	 	 
	Section 6.01(c)

	 	Events of Default—Failure to make an Offer to
Purchase
	 
	 	 
	Section 6.01(d)

	 	Events of Default—Default in performance or
breach of certain covenants
	 
	 	 
	Section 6.01(e)

	 	Events of Default—Default under certain debt
instruments
	 
	 	 
	Section 6.01(f)

	 	Events of Default—Judgment default
	 
	 	 
	Section 6.01(g)

	 	Events of Default—Bankruptcy default involuntary
	 
	 	 
	Section 6.01(h)

	 	Events of Default—Bankruptcy default voluntary

     2.2 Any definitions used exclusively in the provisions of the Original Indenture listed in
Section 2.1 hereof are hereby deleted in their entirety from the Indenture and the Notes and all
references to paragraphs, sections, articles or other terms or provisions of the Original Indenture
listed in Section 2.1 hereof are hereby deleted in their entirety from the Indenture and the Notes.
Any provision contained in the Notes that relates to any provision of the Indenture as amended is
likewise amended so that any such provision contained in the Notes will conform to and be
consistent with any provision of the Indenture as amended.

     2.3 Section 11.04 of the Original Indenture is amended to add the following as clause (c):

“(c) in the case of a merger of any Person with or into the Company as a result of which the
Company is not the resulting or surviving Person, a supplemental indenture pursuant to which the
resulting or surviving Person expressly assumes all of the obligations of the Company under the
Indenture and the Notes.”

     3. Amendments, Supplements and Waivers. The provisions of this Supplemental Indenture
may not be amended, supplemented, or waived except by the execution of a Supplemental Indenture
executed by the Company and the Trustee. Any such amendment shall comply with Article 9 of the
Indenture.

 

 

     4. Ratification of Original Indenture; Supplemental Indenture Part of Original
Indenture. From and after the Amendment Effective Date, the Indenture shall be deemed to be
modified as herein provided but except as modified hereby, the Indenture shall continue in full
force and effect. In the event of a conflict between the terms and conditions of the Original
Indenture and the terms and conditions of this Supplemental Indenture, then the terms and
conditions of this Supplemental Indenture shall prevail. This Supplemental Indenture shall form a
part of the Original Indenture for all purposes, and every holder of Securities heretofore or
hereafter authenticated and delivered shall be bound hereby.

     5. Trust Indenture Acts Controls. This Supplemental Indenture shall incorporate and
be governed by the provisions of the Trust Indenture Act of 1939, as amended (the “Trust Indenture
Act”), that are required to be part of and to govern indentures qualified under the Trust Indenture
Act.

     6. Notices. Any demand, authorization notice, request, consent or communication to
any of the parties shall be made as set forth in Section 11.03 of the Indenture.

     7. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     8. Successors. All agreements of the Company or any guarantor in this Supplemental
Indenture will bind its successors. All agreements of the Trustee in this Supplemental Indenture
shall bind its successor.

     9. Duplicate Originals. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent
the same agreement.

     10. Separability. In case any provision in this Supplemental Indenture is invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions
will not in any way be affected or impaired thereby.

     11. Headings. The headings of the Sections of this Supplemental Indenture have been
inserted for convenience of reference only, are not to be considered a part of this Supplemental
Indenture and in no way modify or restrict any of the terms or provisions of this Supplemental
Indenture.

     12. Effectiveness. As used herein, the “Amendment Effective Date” shall mean the date
that the Company delivers written notice to the Trustee that consents have been received from
Holders of at least 66 2/3% of the then outstanding aggregate principal amount of Notes and such
Notes have been accepted in exchange in the related exchange offer and consent solicitation.

     13. Trustee’s Disclaimer. The Trustee makes no representation as to the validity or
adequacy of this Supplemental Indenture, including without limitation in respect of the recitals
contained herein.

 

 

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

	 	 	 	 	 
	 	CENTURY ALUMINUM COMPANY, as Issuer

 	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	BERKELEY ALUMINUM, INC., as a Guarantor

 	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	CENTURY ALUMINUM HOLDINGS, INC., AS A GUARANTOR

 
	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 
	 
	 	CENTURY ALUMINUM OF WEST VIRGINIA,
INC., as a Guarantor

 
	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	CENTURY KENTUCKY, INC., as a Guarantor

 	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CENTURY LOUISIANA, INC., as a Guarantor

 	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	HANCOCK ALUMINUM LLC, as a Guarantor

 	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 
	 
	 	METALSCO LLC, as a Guarantor

 	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	SKYLINER LLC, as a Guarantor

 	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 
	 
	 	CENTURY ALUMINUM OF KENTUCKY LLC, as a Guarantor

 
	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	NSA GENERAL PARTNERSHIP, as a Guarantor

By:   Skyliner, LLC, its General Partner

 	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	CENTURY CALIFORNIA, LLC, as a Guarantor

 	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	CENTURY ALUMINUM DEVELOPMENT, LLC, as a Guarantor

 
	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	 	CENTURY ALUMINUM OF KENTUCKY GENERAL PARTNERSHIP, as
a Guarantor

By:   Skyliner, LLC, its General Partner

 
	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	VIRGIN ISLANDS ALUMINA CORPORATION, LLC, as a
Guarantor

 
	 
	 	By:  	/s/ William J. Leatherberry
 	 
	 	 	Name:  	William J. Leatherberry 	 
	 	 	Title:  	Attorney-in-fact 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	WILMINGTON TRUST COMPANY, as Trustee

 	 
	 	By:  	/s/ Lori L. Donahue
 	 
	 	 	Name:  	Lori L. Donahue 	 
	 	 	Title:  	Assistant Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}]]